CONTRACT AGREEMENT
The following is an Agreement between XXXXXXX XXXXXX (the "Contractor") having
an address of 1160 Forum Veneto, Xxxxxxxxx, XX, 00000 and ENVIROKARE TECH, INC.
(the "Company") having an address of 0000 Xxxxxxxx Xxx., Xxxxx #0, Xxx Xxxxx,
XX, 00000, wherein the Company has asked the Contractor to assume
responsibilities of providing management services for the Company with duties
and responsibilities as outlined below. This Agreement is effective from the
date of signing as noted below. It is understood by all parties to this
Agreement that the Contractor shall act on behalf of the Company in the capacity
of an independent Contractor and not as an employee of the Company.
POSITION AND RESPONSIBILITIES:
It is agreed that the Contractor will provide management services to the Company
as follows:
1) The Contractor shall establish corporate offices on behalf of the
Company, in Las Vegas, Nevada. It is expected that initial tasks
associated with the establishment of the Company's corporate offices
will be substantially complete by April 1, 1999. Further, it is left
to the Contractor's managerial judgement, in determining what shall
constitute necessary office components during the process of
establishing the Company's corporate office. It is understood by both
parties to this Agreement that any costs incurred in completion of
design, implementation, establishment and operation of the Company's
corporate offices shall be absorbed by the Company.
2) The Contractor shall provide additional management services to the
Company. These services may include providing supervisory, financial
advisory, investor, and public relations support to the Company. The
Contractor's reasonable judgement shall determine which services shall
be delivered on behalf of the Company and on what terms and basis. The
Contractor shall be allowed to utilize the premises of the Company to
perform Company and non-Company services, as outlined below.
3) It is understood by both parties to this Agreement that the Contractor
is free to perform non-Company services during the term of this said
contract. Said non-Company services may be set forth by the Contractor
from time to time and said non-Company services shall take precedence
over Company services, precedence to be determined and remain at the
sole discretion of the Contractor. The Contractor is not to be
considered an employee of the Company.
TERM OF AGREEMENT:
This Agreement commences November 1, 1998 and terminates October 31, 1999.
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COMPENSATION:
In his capacity the Contractor will be compensated by the Company on the
following basis:
1) The Contractor shall receive a monthly payment from the Company of
five thousand dollars ($5,000.00) said payment to be made in the
Contractor's name and said payment to be made by the 1st day of each
month for services provided. The first payment shall be for services
rendered in the month of November 1998, at the aforementioned rate of
compensation.
2) The Company shall indemnify the Contractor against any and all
liability that may be incurred by either the Company or by the
Contractor his performance of activities on behalf of the Company and
or the Company's clients. It is required that the Company obtain
insurance which indemnifies the Contractor against any and all claims,
legal and otherwise, that may arise and be brought against the
Company. The Company shall pay all legal and associated costs
encountered by the Contractor, as a result of action brought against
the Company or the Contractor in the course of the Contractor
providing services on the Company's behalf.
3) The Company shall reimburse the Contractor for all expenses incurred
on the Company's behalf by the Contractor. The Company's Board of
Directors reserves the prior right of approval on all expenses to be
incurred in any amount over five thousand dollars ($5,000.00), on a
per expense item basis.
TERMINATION:
Either party, upon thirty (30) days written notice to the other party, may
terminate this Agreement. This notice shall be sent by certified or registered
mail, postage prepaid, return receipt requested, to the parties at the principal
offices of the parties first noted here above. Either party may direct that a
notice, demand or communication shall be sent to a new address by giving written
notice to the other party hereto of such address.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
1st day of November, 1998.
XXXXXXX XXXXXX ENVIROKARE TECHNOLOGY, INC.
By: /s/ Xxxxxxx Xxxxxx By: /s/ Xxxxxxx Xxxxxx
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Signature Signature
Xxxxxxx Xxxxxx
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Printed Name
Title: Pres.
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