CONSULTING AGREEMENT DATED AS OF OCTOBER 3, 2007Consulting Services Agreement |
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ROCKWELL MEDICAL TECHNOLOGIES INC | Rockwell Medical Technologies, Inc. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Consulting Services Agreement by:
Exhibit 10.19
CONSULTING AGREEMENT
DATE:
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October 03, 2007 | |
PARTIES:
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Mr. Robert Chioini, Chairman/CEO/President | |
| Rockwell Medical Technologies, Inc. | ||
| 30142 Wixom Road | ||
| Wixom, MI 48393 USA |
Lions Gate Capital (the Consultant)
Jim Braseth
Jim Braseth
RECITALS:
WHEREAS, the Company wishes to contract with the Consultant for the performance of certain
investor relations services.
WHEREAS, the Consultant declares that it is engaged in an independent business or employed by
a party other than the Company and that the Company is not the Consultants sole and only client,
customer or employer.
WHEREAS, the parties hereto wish to enter into a Client-Independent Consulting/ Contractor
relationship for their mutual benefit, and further wish to set forth the terms of such association
in writing.
AGREEMENTS:
NOW, THEREFORE, in consideration of the foregoing representations and the mutual covenants set
forth herein, the Company and the Consultant agree as follows:
1. Services to be Performed. The Company hereby engages the Consultant to advise and
perform work for the Company with respect to matters associated with the Companys investor
relations. The scope of such work will be determined from time to time by agreement of the
parties, however the initial scope of work will consist of exposing the Company to the equity
investment community which includes but is not limited to: analysts, money managers, institutional
investors, stock-brokers, mutual funds, broker-dealers, wire-houses, newspapers, television, and
trade publications.
2. Fees, Terms of Payment and Warrant.
| a. | Cash compensation. The Company shall pay the Consultant $1,500 on the first of each month for one year. | ||
| b. | Warrant. The Company agrees as additional compensation to
issue to the Consultant 180,000 Common Stock Purchase Warrants (Warrants) for
monthly services rendered over a 12 month period commencing with the date of
this agreement. The terms and conditions of the Warrants will be set forth in
a separate agreement containing the terms and conditions set forth in this
paragraph and such other terms and conditions as are mutually acceptable to the
Company and the Consultant. The Warrants will become earned at the rate of
15,000 Warrants at the first of each month of service that is rendered by
Consultant under this agreement. The first 90,000 Warrants
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