Bontan Corporation Inc.
Bontan
Corporation Inc.
00
Xxxxxx Xxxx, Xxxxx 000
Xxxxxxx,
Xxxxxxx, Xxxxxx X0X 0X0
T: 416-929-1806
F: 000-000-0000
CONTRACT between
XXXXXXX XXXXXXXX & BONTAN CORPORATION INC.
August 4,
2009
Xx.
Xxxxxxx Xxxxxxxx
00
Xxxxxxx Xxxx
Xxxxxxx,
XX
X0X
0X0
Dear Xx.
Xxxxxxxx:
Further
to our discussions, I am pleased to inform you that the Board of Directors have
agreed to renew the Consulting Agreement dated April 1, 2003 with you
for a further period of five years up to March 31, 2014. This extension is
effective from April 1, 2009.
All the
terms of the consulting contract remain same as the ones described in the
Agreement dated April 1, 2003 except for the following:
You fee
will be CDN$10,000 per month plus GST. This may be paid in cash or in common
shares of the Company as may be mutually agreed from time to time.
If you
agree with the above, please sign a copy of this letter and return to us for our
record.
Sincerely,
/S/ Xxx Xxxx
Xxx
Xxxx
Chief
Executive and Financial Officer
I accept
and agree with the contents of this letter.
/S/ Xxxxxxx
Xxxxxxxx
Xxxxxxx
Xxxxxxxx
1
