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EXHIBIT 10.24
[VERIDIEN LOGO]
This Agreement, made this 1st day of August, 1999 between Xxxxxx X. Xxxxxxx,
hereinafter known as Belling, and Veridien Corporation, hereinafter known as
Veridien.
Now, therefore, in consideration of the promises herein, it is agreed as
follows:
That Belling will provide consulting services to Veridien for an unspecified
period of time to analyze their product line, review their prior and current
marketing activities, and develop a comprehensive marketing plan with specific
short and long range goals and objectives, and assist in the implementation
thereof. To facilitate this process, Veridien agrees to provide Belling access
to any and all files and personnel necessary to obtain the necessary
information required to complete the plan.
Veridien agrees to pay Belling a consulting fee of $8,000 per month plus all
expenses commencing August 1, 1999. Such fee shall be paid twice monthly in
equal payments of $4,000 each, in addition to reimbursement for any and all
expenses incurred.
In addition, Belling will also engage in marketing activities to sell Veridien
products to selected large accounts, mutually agreed to by Veridien.
Commissions on gross sales volume will be based on the following schedule:
Up to $1,000,000 5%
$1,000,001 - $2,000,000 4%
$2,000,001 - $3,000,000 3%
$3,000,001 - $4,000,000 2%
$4,000,001 - + 1%
Belling is an independent consultant and shall be individually responsible for
his income taxes, both state and federal, FICA and any other taxes.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and
year first above written.
CONSULTANT VERIDIEN CORPORATION
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxx
Executive VP and COO
Witness: /s/ Xxxxxx Xxxxxx Witness: /s/ Xxxxxx Xxxxxx
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Name: Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx
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