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EXHIBIT 10.2
CONSULTANCY AGREEMENT
PARTIES
(1) NEXTGEN BIOSCIENCE INC. , whose
office is located at, 46 Aldgate High Street, EC3N 1AL London, U.K.
(the “Company”)
(2) Konstantinos Kardiasmenos, of 4,
Ptolemaion Str., Athens, Greece 11635 (the
“Consultant”)
WHEREAS
| (A) |
The Consultant has agreed to act as Director and
Chief Executive Officer of the company, for a period of two years.
In addition, the consultant will provide business advisory services
to the Company (the “Business”).
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|
| (B) |
The parties have agreed that this agreement
shall govern the terms of the services to be provided by the
Consultant.
|
OPERATIVE PROVISIONS
| 1. |
DURATION OF APPOINTMENT
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|
| 1.1 |
The Consultant shall continue to provide the
consultancy service to the Company on the terms of this agreement
for a term from 27 th November 2007 for a fixed term of
two years unless or until terminated under the provisions of Clause
5.1 hereafter. The parties may extend the term of this Agreement
for a further term of twelve months by mutual written
agreement.
|
| 2.1 |
The services of the Consultant shall comprise
being Director and Chief Executive Officer and will provide
business advisory services and such other advisory services as may
be agreed between the parties.
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| 2.2 |
The Consultant shall be accountable to the board
and shall in performance of his role hereunder:
|
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(a) |
Use his best endeavours to advise the Company
when required in the areas described in 2.1 above;
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(b) |
Conduct such travelling as shall be reasonably
necessary to advise the Business;
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(c) |
Carry out his duties in good faith and in proper
and efficient manner;
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(d) |
Conduct himself with propriety and not bring the
Company into disrepute;
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(e) |
Not have any authority to bind the Company in
any way and shall not hold himself out either by words or conduct
as being the agent of the Company;
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(f) |
Act as Director and Chief Executive Officer of
the Company, attending meetings where possible; and
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(g) |
Not misrepresent the Company to any person.
|
| 3.1 |
The Consultant shall be not entitled to receive
from the Company any fixed cash fees for the services outlined
herein, but shall be entitled to receive reimbursement of any and
all expenses properly incurred in performing his duties
hereunder.
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| 3.2 |
The Consultant will receive, as payment in kind
from
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