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Title: |
Consulting Agreement |
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Date: |
2000 |
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Preview shows 3KB of 9KB total |
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Price: |
$35 |
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ID: |
#862714 |
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<SEQUENCE>5
<FILENAME>ex99-1.txt
<DESCRIPTION>CONSULTING AGREEMENT W/ ADAM MACDONALD
<TEXT>
<PAGE> 1
CONSULTING AGREEMENT
THIS AGREEMENT (the "Agreement"), is made and entered into as of this 22nd
day of August, 2000, by and between ADAM MACDONALD ("Consultant") and
INFOTOPIA, INC., with offices at 218 Tearall Road, Raynham, MA 02767
("Company") (together the "Parties").
WHEREAS, the Parties desire to formalize the terms and conditions under
which Consultant shall provide consulting services to the Company;
NOW, THEREFORE, in consideration of the mutual promises and covenants
herein contained, and other valid consideration, receipt of which is hereby
acknowledged, the Parties agree as follows:
1. Term of Agreement and Renewal.
The Agreement shall remain in effect for the date of execution hereof
through the expiration of a three-year period, and may be renewed upon the
mutual consent of the Parties.
2. Nature of Services to be Rendered.
Consultant shall provide the Company with consulting services, including,
but not limited to, ongoing day to day management of infomercial campaigns.
3. Compensation.
As compensation for his consulting services rendered hereunder, the
Company, simultaneously with the execution of this Agreement, shall issue
to the Consultant three million eight hundred thousand (3,800,000) shares
of the Company's common stock (the "Shares"); and
4. Warranties and Representations of the Consultant.
In order to induce the Company to enter into this Agreement, the Consultant
hereby makes the following unconditional warranties and representations:
(a) Consultant is not now a party to a consulting agreement with any other
corporation or entity involved in a business which is the same as or
similar to the Company's.
<PAGE> 2
(b) Consultant is permitted to provide consulting services to any
corporation or entity engaged in a business identical or similar to
the Company's, provided, however, that the Consultant shall keep
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