TeleChem International, Inc. Arraylt® Life Sciences Division 524 East Weddell Drive Sunnyvale CA 94089 USA Phone (408) 744-1331 F1ax (408) 744-1711 Web http://arrayit.com RENEWAL CONSULTING AGREEMENT
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TeleChem International, Inc.
Array It
MICROARRAY TECHNOLOGY
TeleChem International, Inc. Arraylt® Life Sciences Division 000 Xxxx Xxxxxxx Xxxxx Xxxxxxxxx XX 00000 XXX
Phone (000) 000-0000 F1ax (000) 000-0000 Web xxxx://xxxxxxx.xxx
This document outlines the entire consulting agreement between Xxxx Xxxxxx, Inc. (MSI), a California corporation having its principal place of business at 000 Xxxxxxx Xxxxxx, Xxx Xxxxx, XX 00000 and TeleChem International, Inc. (TeleChem) a Delaware corporation having its principal place of business at 000 Xxxx Xxxxxxx Xxxxx, Xxxxxxxxx, XX
00000. This renewal agreement is valid for one year from the date of signing, with option to renew annually upon mutual agreement by both parties.
MSI is in the business of consulting in the life sciences, and its employees have particular expertise in microarray technology. TeleChem wishes to continue to engage the consulting services of MSI for research and development, business consulting, and legal consulting. TeleChem agrees to compensate MSI at a rate of 5% of all sales of products
developed through MSI consulting, with a minimum annual compensation of $250,000. Sales figures will be generated on a monthly basis, and payments will be made in no less than quarterly installments. It is and has been understood by both parties that any consultants provided by MSI are the employees of MSI, or are other outside consultants arranged by MSI, and these personnel are not the employees of TeleChem.
Should any dispute arise out of this agreement, both parties agree to mediation to resolve such dispute. Should the conflict not be resolved by such mediation, the venue for any legal proceedings resulting from this contract will be San Jose, CA.
Signed and agreed:
XXXX XXXXXX, INC TELECHEM
INTERNATIONAL, INC.
/s/ Xxxx Xxxxxx /s/
Xxxx Xxxxxx
Date:1/2/08 Date:
1/2/08
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TeleChem International, Inc.
000 Xxxx Xxxxxxx Xxxxx, Xxxxx 0 Xxxxxxxxx XX 00000-0000 Tel. 000-000-0000 Fax 000-000-0000 Website: xxxx://xxXxxxx.xxx
This document outlines the entire consulting agreement between Xxxx Xxxxxx, Inc. (MSI), a California corporation having its principal place of business at 000 Xxxxxxx Xxxxxx, Xxx Xxxxx, XX 00000 and TeleChem International, Inc. (TeleChem), a Delaware corporation having its principal place of business at 000 Xxxx Xxxxxxx Xxxxx, Xxxxxxxxx XX
00000. This renewal agreement is valid for one year from the date of signing, with option to renew annually upon mutual agreement by both parties.
MSI is in the business of consulting in the life sciences, and its employees have particular expertise in microarray technology. TeleChem wishes to continue to engage the consulting services of MSI for research and development, business consulting and legal consulting. TeleChem agrees to compensate MSI at a rate of 5% of all sales of products
developed through MSI consulting, with a minimum annual compensation of S250,000. Sales figures will be generated on a monthly basis, and payments will be made in no less than quarterly installments. It is and has been understood by both parties that any consultants provided by MSI are the employees of MSI, or are other outside consultants arranged by MSI, and these personnel are not the employees of TeleChem International, Inc.
Should any dispute arise out of this agreement, both parties agree to mediation to resolve such dispute. Should the conflict not be resolved by such mediation, the venue for any legal proceedings resulting from this contract will be San Jose, California.
Signed and agreed:
XXXX XXXXXX INC. TELECHEM INTERNATIONAL, INC.
/s/ Xxxx Xxxxxx
By Xxxx Xxxxxx, President
Date: 1/25/07
/s/ Xxxx Xxxxxx
By Xxxx Xxxxxx, President
Date: 1/18/07
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