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Title: |
Consulting Agreement |
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Entities: |
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Date: |
2000 |
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Size: |
Preview shows 2KB of 9KB total |
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Price: |
$39 |
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ID: |
#862718 |
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<SEQUENCE>5
<FILENAME>0005.txt
<DESCRIPTION>CONSULTING AGREEMENT
<TEXT>
<PAGE>
CONSULTING AGREEMENT
THIS AGREEMENT (the "Agreement"), is made and entered into as of this
day of August, 2000, by and between DEAN TORNABENE, with offices at
("Consultant") and INFOTOPIA, INC., with offices at 43 Taunton Green, Third
Floor, Taunton, Massachusetts 02780 ("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 from the date of execution hereof
through the expiration of a one 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, product research and development.
3. Compensation.
As compensation for his consulting services rendered hereunder, the
Company, simultaneously with the execution of this Agreement, shall issue to the
Consultant one million three hundred thousand (1,300,000) 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.
(b) Consultant is permitted to provide consulting services to any
corporation or entity engaged in a business identical or similar to the
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