EX-10.25 - Consulting Agreement dated March 23, 2001 between Eurotech, Ltd. and
Xxxxxx Xxxxxx/ip Partners
CONSULTING AGREEMENT BETWEEN EUROTECH, LTD AND XXXXXX XXXXXX/IP PARTNERS
This Agreement is between EUROTECH, Ltd. (Eurotech or the Corporation), a
District of Columbia public corporation with offices located at 00000 Xxxxx
Xxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxxx 00000, and Xxxxxx Xxxxxx/ipPartners Inc,
(the Consultant), a Rhode Island corporation, X. Xxxxxx as sole proprietor,
ipParners Inc. mailing address: XX Xxx 0000 Xxxxxxxx, Xxxxx Xxxxxx 00000) for
consulting services to Eurotech's Board of Directors and Assistance to the
Chairman of the Board of Directors.
WHEREAS, Eurotech is in the business of exploring international business
opportunities for the purposes of acquiring, advancing and commercializing new
and existing patented and proprietary technologies with significant market
potential; and
WHEREAS, Eurotech will represent technologies, products and services in their
international businesses and will select the optimum approach for advancing and
commercializing same through licensing, joint venturing, spinning out or sale;
and
WHEREAS, Eurotech currently deals with or intends to deal with technologies,
products and services that serve the nuclear, environmental, industrial and/or
government sectors; and
WHEREAS, Eurotech requires specific professional business expertise in
administration and management of international public and private entities,
international public product and servicing and marketing, and general marketing
expertise; and
WHEREAS, Eurotech recognizes that the Consultant can provide services specified
above and wishes to employee Xxxxxx Xxxxxx/ipPartners to work on specific
projects as specified by the Board of Directors; and
WHEREAS, Eurotech recognizes that the Consultant can provide assistance to the
Chairman in support of the duties of the Chairman, that have been and may be
assigned to the Chairman by the Board of Directors; and
WHEREAS, X. Xxxxxx/ipPartners desires to provide the above stated consulting
services and assistance as described above.
THEREFORE it is agreed by Eurotech and the Consultant that in consideration of
providing his expertise, availability and services to Eurotech for the term of
this agreement, Eurotech agrees to pay the Consultant accordingly: (degree)
a. The sum of $5000 per month commencing February 14, 2001, and b. ,
5000 warrants per month with exercise price of $3.00, and
THAT the Consultant agrees to work on Eurotech projects first before any other
projects when requested; and
EX-10.25 - Consulting Agreement dated March 23, 2001 between Eurotech, Ltd. and
Xxxxxx Xxxxxx/ip Partners
THAT the term of the Agreement commences as of February 14, 2001 and runs a
total of one year until February 13, 2002. Formal written notice must be given
by either party of its intent to terminate 30 days in advance of termination,
otherwise the Agreement will continue on a month-to-month basis at the same
compensation rate until either party tenders notice of termination; and
THAT the Agreement may also be terminated by either party upon 60 days notice
prior to the completion of the first year; and
THAT Eurotech and the Consultant understand and acknowledge the unique and
personal value to each other, and therefore, the responsibilities under the
Agreement shall not be assigned or delegated; and
THAT the Agreement will terminate automatically in the event of the death or
disability of X. Xxxxxx or in the event of the insolvency, bankruptcy, or
inability to pay by the Corporation; and
THAT the Agreement shall be governed and interpreted by the laws of the District
of Columbia.
The terms and conditions of this Agreement are signed and accepted by:
3/23/2001 /s/ Xxx X. Xxxxxxxxx
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Date Xxx X. Xxxxxxxxx, President & CEO
EUROTECH, Ltd.
3/23/2001 /s/ Xxxxxx Xxxxxx
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Date Xxxxxx Xxxxxx
EX-10.25 - Consulting Agreement dated March 23, 2001 between Eurotech, Ltd. and
Xxxxxx Xxxxxx/ip Partners
CONFIDENTIALITY & NON-USE AGREEMENT
This CONFIDENTIALITY & NON-USE AGREEMENT is entered into by and between EUROTECH
LTD., a District of Columbia Corporation, at 00000 Xxxxx Xxxxx, Xxxxx 000,
Xxxxxxx, XX 22(130-2201, ("El EUROTECH") and Xxxxxx Xxxxxx consultant to
Eurotech, OF 00 XXXXX XXXXXX Xxxxx, Xxxxxxxxxx, Xxxxx Xxxxxx 00000 ("you" or"
Individual").
You entered into a "Consulting Agreement" with EUROTECH, effective Pcbruary 1,
2001. The present Agreement relates to confidentiality, non-disclosure and
invention rights hereunder, EUROTECH has furnished or will furnish to you
certain information, which is trade. secret, non-public, confidential or
proprietary in nature.
WHEREAS, EUROTEH and you have agreed to exchange certain information which may
include, but may not be limited to, the existing and proposed financial, legal,
marketing, and other business information pertaining to E-UROTECH or its
affiliates,
WHEREAS, as a condition to the furnishing of such information, EUROTECH requires
that you treat confidentially such Information furnished to you; and
WHEREAS the following definition is used herein:
"Information" or "Confidential Information" includes without limitation
trade secrets and other proprietary information prepared by you or
disclosed to you which consists of, for example, and not intending to
be rill inclusive, (i) software (source and object code), algorithms,
computer processing systems, techniques, methodologies, formulae,
processes, compilations of information, drawings, proposals, case
notes, reports, records, and specifications, find (ii) information
concerning matters relating to the business of EUROTECH any of its
clients, vendors, vendees, client contacts, licenses, the prices it
obtains or has obtained for the services of its employees and staff,
their work products and services, or any other information concerning
the business of EUROTECH
NOW THEREFORE, The parties agree as follows:
1. INFORMATION shall be kept confidential by you and shall not, without
the consent of EUROTECH be disclosed by you in whole or in part, and
shall not be used by you directly or indirectly for any purpose other
that business relationship referred to above.
EX-10.25 - Consulting Agreement dated March 23, 2001 between Eurotech, Ltd. and
Xxxxxx Xxxxxx/ip Partners
CONFIDENTIALITY & NON-USE AGREEMENT
2 Information, and all copies thereof, except for that portion of
information, which consists of analyses, compilations, data, studies or
other documents prepared by you, shall remain the property of EUROTECH
t and shall be returned to EUROTECH upon EUROTECH's request. That
portion of Information which consists of analyses, compilations, data,
studies or other documents prepared by you shall immediately be
destroyed at the request of EUROTECH and such destruction will be
confirmed by you to EUROTECH in writing.
3. This Agreement does not apply to portions of Information which (a) arc
or become generally available to the public other than as a result of
an unauthorized disclosure by you; (ii) become available to you on a
non confidential basis from any source other than EUROTECH or its
representatives, which source has represented to you (and which you
have no reason to disbelieve after due inquiry) is entitled to
disclosure it; and/or were known to you on a non-confidential basis
prior to its disclosure to you by EUROTECH or its representatives.
4. In the event that you yr anyone to whom you transmit Information are
requested or become legally completed (by oral questions,
interrogatories request for information yr documents, subpoena, civil
investigative demand or similar process) to disclose any of the
Information, you shall provide EUROTECH with prompt written notice so
that EUROTECH may seek a protective order or other appropriate remedy
and/or waive compliance with the provisions of the Agreement. In the
event that such protective order or other remedy is not obtained, or
EUROTECH waives compliance with the provisions of this Agreement, you
shall furnish only that portion of Information which is legally
required.
5. Any inventions made by you on behalf of EUROTECH shall, at the request
of EUROTECH be assigned by you to EUROTECH, find you shall execute such
papers as tray be needed to perfect or enforce any patents thereon.
6. No failure ox delay by EUROTECH in exercising any right under this
Agreement shall operate as a waiver thereof, This Agreement constitutes
the entire agreement between parties concerning its subject matter. All
additions or modifications to this Agreement mush be n lade in writing,
and must be signed by an authorized representative of each party. Any
action related to this Agreement will be governed by District of
Columbia law.
8. The term of this Agreement is for the duration of your association with
EUROTECH but secrecy obligations as to Information developed or
received during your association with EUROTECH shall survive the
termination of this Agreement, as shall obligations to assign to
EUROTECH any invention made during the term of this Agreement.
EX-10.25 - Consulting Agreement dated March 23, 2001 between Eurotech, Ltd. and
Xxxxxx Xxxxxx/ip Partners
EUROTECH, LTD.
/s/ Xxx X. Xxxxxxxxx
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Xxx X. Xxxxxxxxx President
/s/ Xxxxxx Xxxxxx
--------------------------------------------
Xxxxxx Xxxxxx
