Consulting Agreement between HealtheTech and James W. Dennis (September 27, 2002)
HealtheTech has engaged James W. Dennis to provide consulting services, including identifying business prospects, advising on business issues, consulting with the CEO, and assisting with potential acquisitions and alliances. In return, Mr. Dennis will receive warrants to purchase a total of 76,000 shares of HealtheTech stock at specified exercise prices. The agreement is confirmed by both parties' signatures.
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EXHIBIT 10.44
September 27, 2002
Mr. James W. Dennis
48 Bantala Place
Castle Rock, Colorado 80104
Re: Consulting Services
Dear Jim:
On behalf of myself and the rest of my management team here at HealtheTech, we are thrilled at the opportunity to have you work with us on a regular basis. This letter sets forth our understanding with respect to your services to HealtheTech, including:
- 1.
- Identifying and introducing business prospects for the Company, in particular in cardiology-related areas.
- 2.
- Conducting overall identification, assessment, and prioritization of current business issues.
- 3.
- Consulting with HealtheTech CEO on strategic, operational, and general management matters.
- 4.
- Assisting in the identification and qualification of potential acquisition, alliance and joint venture candidates.
In exchange for these services, HealtheTech is granting to you a warrant in the form attached for the purchase of 40,000 shares at an exercise price of $7.50 per share and 36,000 shares at an exercise price of $10.00 per share. If you are in agreement with the foregoing, please so indicate by counter signing this letter where indicated below.
Sincerely,
/s/ JAMES R. MAULT
James R. Mault, M.D.
Chairman and CEO
ACKNOWLEDGED AND AGREED: | ||||
/s/ JAMES W. DENNIS James W. Dennis | ||||
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