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Consulting Agreement

Consulting Services Agreement

Consulting Agreement | Document Parties: NATIONAL HEALTHCARE TECHNOLOGY INC | Credit First Holding Limited You are currently viewing:
This Consulting Services Agreement involves

NATIONAL HEALTHCARE TECHNOLOGY INC | Credit First Holding Limited

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Title: Consulting Agreement
Governing Law: California     Date: 4/6/2007
Industry: Biotechnology and Drugs     Sector: Healthcare

Consulting Agreement, Parties: national healthcare technology inc , credit first holding limited
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EXHIBIT 10.12

       National Healthcare Technology, Inc /Credit First Holdings Limited

                              Consulting Agreement

This agreement sets forth the terms (the "Agreement") between Credit First
Holding Limited (Credit First) and National Healthcare Technology Inc. ("the
Company") concerning business management services (hereafter being referred to
as the "Services") rendered to the Company from April 5, 2006 and continuing
through April 5, 2009.

When countersigned in the space provided below, this shall serve as our
agreement, as detailed below. Therefore, this Agreement contains the full and
complete understanding between the parties and supersedes all prior
understandings. It is further understood/agreed (when countersigned) that this
Agreement may not be altered, modified or changed in any way without the express
written consent of both parties and shall be construed in accordance with the
laws of the State of California applicable to agreements executed and wholly
performed within that State.

1. The Services

A. It is agreed that Credit First shall be retained to provide business
management services, and provide advice as it relates to the future of the
company. This service shall include the drafting and preparation of business
plans, operating budgets, cash flow projections and other business management
services, financial advisory services and international financial and business
development services. It is understood that the company is venturing into a new
direction into the oil and gas business and desires to retain the services of
consultant in order to provide access to skills, knowledge and opportunities
which exist in the energy sector. The Company does not have any cash to pay
Credit First and as such agrees to issue the shares which are outlined in this
agreement as compensation for the services of Credit First. It is understood
that the shares have an unknown value since they are restricted and have no
ascertainable value.

B. It is understood that the Company has entered into this agreement based upon
the present character and composition of Credit First's management and general
good standing and reputation in the business community.

2. Compensation for the Services

In consideration for the services rendered by Credit First, Company shall pay to
Credit First as follows:

A. Company shall pay to Credit First a fee of Three Million Five Hundred
Thousand (3,500,000) shares of restricted stock of the company. This fee shall
be non-refundable and considered earned when the shares are delivered. It is
agreed that the fee shall be paid within 3 days after execution of this
agreement. Credit First may designate third parties to be paid all or a portion
of the fee by notifying Company. This agreement may be assigned to principles of
Credit First to perform this service.


                                       -1-

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3. Method of Compensation

The method of Compensation shall be in restricted stock of the company.

4. Termination

A. This agreement shall begin upon signing of the contract. The term of this
engagement will be theee (3) years and may be terminated by either party upon
thirty (30) days prior written notice if termination is without cause, and
immediately upon written notice if termination is wi


 
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