CONSULTING AGREEMENT
THIS
CONSULTING AGREEMENT
(“Agreement”) is entered into as of the date of the last signature below between
AMARILLO BIOSCIENCES, INC., a Texas corporation (“ABI”), and XXXX XXXXXX
(“Consultant”).
WHEREAS,
ABI
wishes to engage the services of Consultant and Consultant wishes to provide
services to ABI all on the terms and conditions hereinafter set forth;
THEREFORE,
in
consideration of these presents and for other good and valuable consideration
the receipt and sufficiency of which are evidenced by the execution hereof,
the
parties hereby agree as follows:
1. This
Agreement shall be in force from the effective date, for a period of twelve
(12)
months. Consultant shall be compensated by the grant of a stock option to
purchase 100,000 shares of common stock, evidenced by a Stock Option Agreement
executed by the parties contemporaneously herewith.
2. Consultant
shall render consulting services, subject to Consultant’s availability, in the
area of animal health, especially agroterrorism, and pertaining to achieving
recognition of ABI’s technology as a treatment or prevention of avian influenza.
3. Consultant
acknowledges that he is a consultant and independent contractor entitled to
reimbursement for pre-approved travel expenses incurred while conducting
business for ABI and that he will not be entitled to fringe benefits or any
compensation other than that hereinbefore provided and Consultant hereby agrees
and undertakes to fully and timely pay all federal income tax withholdings,
self-employment tax, FITA, FUCA, and any other items payable with respect to
the
compensation received by him from ABI.
4. This
Consulting Agreement supercedes in its entirety any current or prior Consulting
Agreement between ABI and Consultant.
| AMARILLO BIOSCIENCES, INC. | ||
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| Date: April 21, 2006 | By: | /s/ Xxxxxx X. Xxxxxxx |
| Xxxxxx X. Xxxxxxx, President | ||
| Date: April 21, 2006 | By: | /s/ Xxxx Xxxxxx |
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Xxxx
Xxxxxx
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