CONSULTING SERVICES AGREEMENT
This Consulting Services Agreement "the Agreement," entered into this 1 day
of March , 200 0 between Xxx X. Xxxxxxxxx , "Consultant," and Endovasc Ltd.,
Inc. (ENDV), "the Company."
WHEREAS, the Company has agreed to retain the Consultant and the Consultant
has agreed to provide his/her expertise to the Company to assist in the
development of the Company's Advanced Vascular Diagnostics & Therapeutics
projects;
THEREFORE, the Company has agreed to pay a fee of $ 5,000 monthly to the
Consultant payable twice monthly on the first (1st) and fifteenth (15th) of each
month.
Expenses shall be reimbursed within a reasonable time after the
presentation of an invoice from the Consultant and based on the Company's
current expense reimbursement policy.
The term of this Agreement shall be for the period of 6 months , or until
terminated by the Company or the Consultant by giving a thirty (30) day written
notice of the Company's or Consultant's intent to cancel this Agreement.
The Consultant will be pledged to the usual confidentialities and
non-disclosures of information developed that is not already known or is in the
public domain. The Consultant will agree not to compete with the company for a
period of three years if or when this agreement of association is terminated.
As further inducement to the Consultant to provide his services, the
Company has issued in the Consultant's name 25,000 shares of ENDV restricted
common stock. Should the company require significant increases in time during
the term of agreement, the parties will agree in the form and method of payment,
i.e., stock or stock and cash, etc.
This form constitutes the entire Agreement.
/s/ Xxx X. Xxxxxxxxx /s/ Xxxxx X. Xxxxxxx
Consultant: Xxx X. Xxxxxxxxx Xxxxx X. Xxxxxxx, Ph.D.
Chairman and CEO
