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Title: |
Agreement |
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Entities: |
Science Dynamics Corp.; Calabash Consulting Ltd.; Science Dynamics Corp. |
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Date: |
2002 |
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Size: |
Preview shows 2KB of 12KB total |
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Price: |
$31 |
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ID: |
#107125 |
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{SEQUENCE}50
AGREEMENT
1 Date of Agreement. The commencement date of this Agreement is
the 1st day of January, 2002.
2 Parties.
2.1 SCIENCE DYNAMICS CORPORATION ("SciDyn"), with offices
at 1919 Springdale Road, Cherry Hill, New Jersey, 08003; and
2.2 CALABASH CONSULTING LTD. ("Calabash"), with offices at
Athol Street, Douglas, Isle of Man, United Kingdom.
3 Consulting Services. SciDyn agrees to engage Calabash as a
financial and management consultant, which consulting services
shall include, inter alia, the services of Alan Bashforth to act
as Chief Executive Officer and President of SciDyn. In such
capacity, Mr. Bashforth shall exert his best efforts and devote a
substantial amount of his time and attention to SciDyn's affairs.
Mr. Bashforth shall be in complete charge of the operation of
SciDyn, and shall have full authority and responsibility, subject
to the general direction, approval, and control of SciDyn's Board
of Directors, for formulating policies and administrating SciDyn
in all respects. His power shall include the authority to hire
and fire SciDyn's personnel and to retain consultants when he
deems necessary to implement SciDyn's policy.
4 Term. The term of this Agreement shall begin on January 1, 2002
and shall continue for a term of three (3) years. This Agreement
shall automatically renew on the same terms and conditions
contained herein for additional terms of one (1) year each after
the expiration of the initial or any renewal term. Following the
initial term, either party may terminate this Agreement by
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