Exhibit 10.3
CONSULTING
AGREEMENT
AGREEMENT made this
5th day of May, 2008, by and between
Fiona International SA
P.O. Box 0816-03298
Panama, Rap. de Panama
hereinafter referred to as the
“Consultant”, and
Synthetic Blood International, Inc.
3189 Airway Avenue, Building C
Costa Mesa, CA 92626, USA
hereinafter referred to as
“Company”.
WHEREAS, the Company desires to
engage the services of the Consultant to perform for the Company
consulting services concerning matters relating to licensing
Oxycyte to pharmaceutical companies as an independent contractor
and not as an employee; and WHEREAS, the Consultant already has
established contacts to pharmaceutical companies for the Company,
and
WHEREAS, Consultant
desires to consult with the Board of Directors, the officers of the
Company, and the administrative staff, and to undertake for the
Company consultation as to the direction of certain functions in
said matters as above.
NOW, THEREFORE, it is agreed as
follows:
1. Term. The respective duties and
obligations of the contracting parties shall be for a period of
three months commencing on May 5, 2008, and may be terminated
by either party giving thirty (30) days’ written notice to
the other party at the addresses stated above or at an address
chosen subsequent to the execution of this agreement and duly
communicated to the party giving notice.
2. Consultations. Consultant shall
be available to consult with the Board of Directors, the officers
of the Company, and the heads of the administrative staff, at
reasonable times, concerning matters pertaining to the organization
of the administrative staff, the fiscal policies of the Company,
the relationship of the Company with its employees or with any
organization representing its employees, and, in general the
important problems of concern in the business affairs of the
Company. Consultant shall not represent the Company, its Board of
Directors, its officers or any other members of the Company in any
transactions or communications nor shall Consul
