MANAGEMENT
CONSULTING AGREEMENT
This
Consulting Agreement (“Agreement”), made and entered
into this 25th of September, 2007, by and between Sanguine Corp.
(hereinafter also the “Company” and “SGNC”
), and Thomas C. Drees, Ph.D. (“Consultant”),
WITNESSETH
WHEREAS, the Company wishes to receive management
consulting services from Consultant and Consultant is willing to
provide such consulting services, and Company and Consultant wish
to enter into this Agreement to set forth the terms and conditions
on which services will be provided.
NOW, THEREFORE, the Company and Consultant hereby
mutually covenant and agree as follows:
1. Engagement of Consultant .
Consultant is hereby retained by the Company, and
Consultant hereby accepts such retainment, to act in the full
capacity as Chief Executive Officer (CEO) for the Company for the
compensation and on the terms and conditions hereinafter expressed.
Consultant shall perform such consulting duties as are set forth
herein.
2. Consultant’s Duties .
Consultant will work on behalf of the Company and
thereby assist in all operations thereof. Duties will
include, but not be limited to, working with management to help
promote the overall growth of the Company, evaluating business
opportunities, offering input on critical business issues that may
arise from time to time, participate in planning for the
Company’s business future, and other like duties.
3. Compensation for Services . The
Company agrees to pay to Consultant the fee of $4,000 per month, in
perpetuity for so long as the Company is in business or the
Consultant expires. In the event that the Consultant is
relieved of the obligations of this agreement and no longer serves
as CEO, the fee will remain intact until one of the aforementioned
conditions occurs.
4. Termination of Agreement .
Notwithstanding that the Term shall not have been
completed, the Company may terminate this Agreement (a) upon the
death of Consultant, (b) if Consultant should be incapacitated by
illness or any other matter from performing his duties hereunder
for a continuous period of sixty days.
5. Confidential Information .
Consultant agrees that, during the Term and at all
times after the termination of this Agreement for whatever reason,
he will treat as confidential and maintain in confidence all
information relating to the business of the Company, including
without limitation the identity of the customers and suppliers of
the Company, the Company’s
arrangements with such suppliers and customers, and
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