CONSULTING AGREEMENT with an effective date of January 1, 1995
BETWEEN:GRANITE REINSURANCE COMPANY LTD., a body politic and corporate
duly incorporated, having its office at Xxxxxx'x Court
Hill, P.O. Box 111, St. Xxxxxxx, Barbados, West Indies.
(hereinafter referred to as the "Company")
AND:GORAN MANAGEMENT LTD., a body politic and corporate duly
incorporated, with offices at Jardine House, 00-00 Xxxx
Xxxxxx, X.X. Xxx XX 0000, in the City of Xxxxxxxx,
Bermuda, HM GX;
(hereinafter referred to as the "Consultant")
WHEREAS the Company is actively engaged internationally in the business of
reinsurance and anticipates its premium volume of business for 1995 to be
Fifteen Million Untied States Dollars ($15,000,000) U.S.);
WHEREAS the Consultant has expertise in the field of reinsurance and is
desirous of entering into this Agreement with respect to providing international
consulting services on demand to the Company to the extent and as requested by
the Company;
WHEREAS the company wishes to engage the services offered by the Consultant
and the Consultant is willing to enter into an agreement to provide services on
the terms and conditions described herein:
NOW, THEREFORE, BE IT AGREED AS FOLLOWS:
MEMORANDUM TO AMEND/REPLACE THE FOLLOWING AGREEMENT:
BETWEEN: GRANITE REINSURANCE COMPANY LTD.,
(Granite Re) a body politic and corporate duly
incorporated, having its offices at Xxxxxx'x Court
Hill, St. Xxxxxxx, Barbados, West Indies;
AND GORAN MANAGEMENT LTD., (Goran) a body politic and corporate duly
incorporated, with offices at Xxxxxx Xxxxx, 00
Xxxxxxxxxx Xxxxxx in the City of Xxxxxxxx, Bermuda,
HM 12;
AND
BETWEENSMART CONSULTANTS, INC., (Smart) a body politic and corporate duly
incorporated according to the laws of the State of
Nevada, having its registered office at First
Interstate Tower, 3800 Xxxxxx Xxxxxx Parkway, Suite
1550, in the City of Xxx Xxxxx, Xxxxxx, X.X.X. 00000;
AND GRANITE REINSURANCE COMPANY LTD.,
(Granite Re) a body politic and corporate duly incorporated, having its
offices at Xxxxxx'x Court Hill, St. Xxxxxxx, Barbados,
West Indies;
AND
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BETWEENSMART CONSULTANTS, INC., (Smart) a body politic and corporate duly
incorporated according to the laws of the State of
Nevada, having its registered office at First
Interstate Tower, 3800 Xxxxxx Xxxxxx Parkway, Suite
1550, in the City of Xxx Xxxxx, Xxxxxx, X.X.X. 00000;
AND XXXXXX INTERNATIONAL GROUP, INC., (SIG) a body politic and corporate duly
incorporated according to law having its registered
offices at 0000 Xxxxxxxx Xxxxx in the City of
Xxxxxxxxxxxx, Xxxxx xx Xxxxxxx, X.X.X., 00000;
WHEREAS the parties to these Agreements are desirous of affective certain
changes to these Agreements all to take effect as of January 1, 1998, these
amendments have been agreed between the parties.
Granite Re/Goran - the provisions of subparagraph 5 of the above Consulting
Agreement to be amended to Two Hundred and Fifty Thousand dollars ($250,000) per
annum payable in equal monthly installments, effective from January 1, 1998.
Smart/Granite Re Agreement is cancelled effective December 31, 1997.
Smart/SIG, Inc. Agreement is cancelled effective December 31, 1997.
Nothing contained herein has any affect on that Employment Agreement between G.
Xxxxxx Xxxxxx and Granite Reinsurance Company Ltd.
WHEREOF THE PARTIES HAVE HERETO SIGNED
GRANITE REINSURANCE COMPANY LTD. GORAN MANAGEMENT LTD.
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SMART CONSULTANTS, INC.XXXXXX INTERNATIONAL GROUP, INC.
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G. XXXXXX XXXXXX
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