EXHIBIT 10.16 NOTE FOR SERVICES EXCHANGE AGREEMENT This agreement hereby assigns a note receivable for the sum of $100,000 owed by DUCT Utility Construction & Technologies, Inc. and due on December 31, 2001, from Randall A. Drew, Chief Executive...Note for Services Exchange Agreement • April 16th, 2002 • Duct Utility Construction & Technologies Inc • Water, sewer, pipeline, comm & power line construction
This agreement hereby assigns a note receivable for the sum of $100,000 owed by DUCT Utility Construction & Technologies, Inc. and due on December 31, 2001, from Randall A. Drew, Chief Executive Officer of DUCT, to BJ Ukra, an individual residing in Los Angeles, California, in exchange for personal tax consulting services throughout 2002.
