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Consulting Agreement

 

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Title:

Consulting Agreement

Entities:

Hienergy Technologies Inc

Date:

2002

Size:

Preview shows 5KB of 22KB total

Price:

$32

ID:

#1320491

 

 

► Fee Agreements ► Consulting Agreements

 

 

Start of Preview


                              CONSULTING AGREEMENT





BETWEEN

HIENERGY TECHNOLOGIES, INC.


- AND -


PRIMORIS GROUP INC.



DATE: JULY 18, 2002


<PAGE>

THIS CONSULTING AGREEMENT made as of the 1st day of August, 2002.

BETWEEN:
HiEnergy Technologies, Inc.
a corporation incorporated pursuant to the laws of the
State of Washington and having its head office at
10 Mauchly Drive
Irvine, CA 92618
Tel: (949)727-3389
Fax: (949)727-3288

(hereinafter referred to as the "Company") OF THE FIRST PART

PRIMORIS GROUP INC.
a corporation incorporated pursuant to the laws of the
Province Ontario and having its head office at
44 Victoria Street, Suite 1417
Toronto, ON M5C 1Y2
Tel: (416)489-0092
Fax: (416)544-9259

(hereinafter referred to as the "Consultant") OF THE SECOND PART

WHEREAS the Company wishes to engage the Consultant to provide certain investor
relations services for the Company's business and the Consultant has agreed to
provide such services to the Company.

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the mutual
covenants and agreements herein contained and for other good and valuable
consideration, it is hereby agreed by and between the parties as follows:

1.0 DEFINITIONS

For the purpose of this Agreement, the following terms shall have the
following meanings:

"Agreement" means this agreement and all schedules attached hereto and
all amendments and modifications made by written agreement;
"Consulting Services" shall mean the corporate, media and investor
relations services relating to the Company's business, products, and
services of the Company to be provided by the Consultant as summarized
in Schedule A attached hereto, and in particular but without
restricting the generality of the foregoing, includes arranging
contacts and meetings, arranging attendance or representation of the
Company at conferences and, subject to the control and direction of
The Company, preparing corporate and product related materials for
Distribution to media, shareholders, brokers, analysts, investment
advisers and investors, and distributing same to media, shareholders,
brokers, analysts, investment advisors and investors


"Licensed Marks" means the licensed and unlicensed trademarks, trade
names and logos owned or licensed by the Company and used in
connection with the Company's
<PAGE>
Business.

2.0 ENGAGEMENT

2.1 The Company hereby engages the Consultant to provide the Consulting
Services. The Consultant hereby accepts the engagement by the Company and
hereby agrees to provide the Consulting Services subject to the terms and
conditions hereinafter contained and subject to obtaining all necessary
regulatory approval hereto.

3.0 TERM

3.1 The term of this Agreement shall be for a period of one (1) year,
commencing on the 1st day of August, 2002 and, subject to the termination
provisions contained herein, shall terminate on July 31, 2003. This
Agreement may be renewed for such subsequent term and with such amendments
as may be agreed to in writing by the Company and the Consultant.

4.0 CONSULTANT'S OBLIGATIONS AND INDEMNITY


4.1 The Consultant agrees that during the term of this Agreement, it shall:

a) provide such of the Consulting Services to the Company in the manner
as the Company and the Consultant may reasonably agree from time to
time in writing;
b) use such of its effort, skill, attention and resources to properly
render the Consulting Services to the Company;
c) subject to the terms herein, provide materials relating to the
Company's business to persons requesting information about the Company
in a manner consistent with the provision of the Consulting Services;
d) provide the Consulting Services on a basis which does not impair the
activities and business interests of the Company;
e) perform the Consulting Services in accordance with all applicable
laws, including but not limited to, applicable securities rules and
regulations and the rules and policies of any stock exchange or stock
quotation service on which the Company's securities are traded or

 

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