CONSULTING AGREEMENT
CONSULTING AGREEMENT dated as of March 12, 2000 between RUBBER TECHNOLOGY
INTERNATIONAL, INC., a Florida corporation, ("RTEK"), on the one hand, and M.
XXXXXXX XXXXXX ("Xxxxxx"), XXXXX X. XXXXXXXX ("Xxxxxxxx"), VI XXX ("Xxx") and
XXXXX XXXXXXX ("Xxxxxxx" and, together with Cutler, Lebrecht, Xxx and Xxxxxxx,
the "Consultants"), on the other hand.
WHEREAS:
A. Consultants have agreed to render consulting services with regard to
the negotiation and completion of a stock exchange between RTEK and the sole
shareholder of Global Sight, Inc., a Nevada corporation (the "Global Sight
Shareholder").
B. In the event RTEK is able to complete the Stock Exchange with the
Global Sight Shareholder, RTEK wishes to compensate Consultants for their
consulting services.
NOW THEREFORE, it is agreed:
1. Cash Compensation. RTEK shall pay by bank wire to Xxxxxx a
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consulting fee of $150,000.00 immediately upon the execution of a stock exchange
agreement with the Global Sight Shareholder.
2. Stock Compensation. RTEK shall pay and cause to be issued to the
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Consultants a consulting fee of 800,000 shares of common stock of RTEK (the
"Shares") immediately upon the execution of a stock exchange agreement with the
Global Sight Shareholder. Such shares shall be subject to registration by RTEK
on Form S-8 within 7 days of RTEK closing on the stock exchange agreement with
the Global Sight Shareholder. The Consultants agree to prepare and file the S-8
Registration Statement at their sole expense. Such shares shall be issued as
follows: 488,750 to Xxxxxx, 135,000 to Lebrecht, 101,250 to Xxx, and 75,000 to
Xxxxxxx.
3. Miscellaneous. This Agreement (i) shall be governed by the laws of
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the State of California; (ii) may be executed in counterparts each of which
shall constitute an original; (iii) shall be binding upon the successors,
representatives, agents, officers and directors of the parties; and (iv) may not
be modified or changed except in a writing signed by all parties.
This Consulting Agreement has been executed as of the date first above
written.
RUBBER TECHNOLOGY INTERNATIONAL, INC.
/s/ Xxxxxxx Xxxx
____________________________________________________
By: Xxxxxxx Xxxx, President
CONSULTANTS
/s/ M. Xxxxxxx Xxxxxx
____________________________________________________
M. Xxxxxxx Xxxxxx
/s/ Xxxxx X. Xxxxxxxx
____________________________________________________
Xxxxx X. Xxxxxxxx
/s/ Vi Xxx
____________________________________________________
Vi Xxx
/s/ Xxxxx Xxxxxxx
____________________________________________________
Xxxxx Xxxxxxx
