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Consulting Agreement

 

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Title:

Consulting Agreement

Entities:

Ingen Technologies, Inc.

Date:

2005

Size:

Preview shows 4KB of 21KB total

Price:

$42

ID:

#1326987

 

 

► Fee Agreements ► Consulting Agreements

 

 

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                  AGREEMENT Ingen Technologies, Inc. and Vertex Diagnostic, Inc.



[INGEN LOGO]
TECHNOLOGIES, INC.
285 E. County Line Road, Calimesa California 92320
(800) 259-9622 FAX: (800) 777-1186


CONSULTING AGREEMENT

This Agreement made effective as of this 1st day of September, 2004, by
and between Vertex Diagnostics, Inc., a California Corporation doing business in
the State of California, further referred to as the ("Consultant"), whose
principal corporate offices are located at 3151 Cahuenga Blvd. West, Suite 100,
Los Angeles, CA 90068; and INGEN TECHNOLOGIES, INC., A Nevada Corporation and
Public Company, further referred to as the ("Company"), whose principal address
is 285 E. County Line Road, Calimesa, California 92320, and is made with
reference to the following.

RECITALS

A. The Company is a Medical Device Manufacturer, and in the business of
providing medical products and services on a Global basis. Said
products and services are inclusive of, but not limited to, vestibular
function testing and balance testing.

B. The Company desires to exclusively engage the services of the
Contractor to market physicians within the domestic United States to
sell VNG programs as described in Schedule-A. The Contractor also
agrees to develop various markets for services for all of North
America, as well as any future services that the Company deems
authorized. The Company will use the Contractor as its' exclusive agent
to provide those services described in Schedule-A.

C. The Contractor has the expertise, knowledge and resources for
development and implementation of the services described in Schedule-A.

D. The Company will provide product, installation, training, market
assistance, promotional materials and other developmental documentation
used to promote said products and services in accordance to all laws of
which govern the Company in this type of industry. If the customer
decides to purchase the products sold by the Company, those items and
pricing are listed in Exhibit-B. The company agrees to sell the same
products to the Contractor at a discounted price of $ 27,000 for the
VNG and $12,000 for the SportKat.

E. The Company desires to utilize the Contractor's expertise, knowledge
and other resources for developing and promoting said services as
described in the above Recitals for the purpose of establishing sales
of vestibular testing products for the Contractor's client base, and as
such, the Contractor desires to use the Company's client base for
delivering the services as described in Schedule-A.


Page 1 of 8
<PAGE>

NOW, THEREFORE, the Parties mutually agree as follows:

1. In consideration of the Contractor furnishing the expertise, knowledge
and other resources in providing said services and market assistance as
set forth in the above Recitals hereof, the Company agrees to issue
500,000 Shares as Restricted Rule-144 common stock, in addition the
Company will provide equipment to the Contractor for each VNG product
sale that includes a signed Acceptance Agreement from the customer.
Such acceptance will be in the form of a signed agreement between the
customer and the Company. The said transaction will be verification of
acceptance and submitted to the Contractor. If the customer decides to
purchase a system, the Company agrees to pay a commission of 15% of the
total sale to the Contractor.

2. The Company authorizes the Contractor to market, promote and sell the
products and services of the Company as described in Exhibit-B. Any
other products and services offered by the Company are not a part of

 

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