CONSULTING AGREEMENT
This Consulting Agreement, (the "Agreement"), by and between, Anonymous
Data Corporation (the "Company"), Xxx Xxxxx, Xxxxxx 00000 and X.X. XxXxxxxx
& Associates, Inc., (the "Consultant"), Xxxxxxxxx, XX 00000-0000.
A. The Consultant has a background in the regulation of biologic
products, and is willing to provide services to the Company based on
this background.
B. The Company desires to have services provided by the Consultant.
Therefore, the parties agree as follows:
1. Description of Services.
Beginning on the date this agreement is signed by authorized
representatives of the Company and the Consultant, the Consultant
will provide the following services, (collectively the
"Services"): A broad range of consultation on the regulation of
medical devices, including the approval of products by the Food
and Drug Administration, interpretation of FDA regulations, and
complying with FDA requirements.
2. Performance of Services.
The manner in which the Services are to be performed and the
specific hours to be worked by the consultant shall be determined
by the Consultant. The Company will rely on the Consultant to
work as many hours as may be reasonably necessary to fulfill the
Consultant's obligations under this Agreement.
3. Payment to Consultant.
The Company will pay a fee to the Consultant based on $175.00 per
hour for services provided. This amount shall be payable monthly,
due upon receipt in the month following the period during which
the services were performed. Interest charges will accrue at 1.5%
per month on unpaid balances in excess of 30 days from invoice
date. Other Consultants may work on specific projects and will be
paid between $125.00 and $250.00 per hour depending on the area
of expertise required with prior Company approval.
Upon termination of this Agreement, payments under this paragraph
shall cease; provided, however, that the Consultant shall be
entitled to payments for periods or partial periods that occurred
prior to the date of termination and for which the Consultant has
not yet been paid.
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