Consulting Services Agreement between Med Diversified and Interwest Associates (November 30, 2001)

Summary

Med Diversified (MED) has engaged Interwest Associates, represented by Ajay Anand, as an independent contractor to provide consulting services aimed at increasing MED's visibility and support within the investment community. Interwest will contact and present to investors, coordinate with MED, and work to boost MED's stock support. MED will pay Interwest $2,500 per month and grant an option or warrant for 150,000 shares at $0.50 per share. The agreement starts December 1, 2001, and can be terminated by MED at any time with written notice. Interwest must comply with all relevant laws and maintain confidentiality.

EX-10.27 23 a2084588zex-10_27.txt EX-10.27 Exhibit 10.27 [MED DIVIERSIFIED LETTERHEAD] November 30, 2001 Mr. Ajay Anand Interwest Associates 10 Ima Loa Court Suite 1000 Newport Beach, CA 92663 Dear Ajay: Further to our recent discussions, the following terms of engagement are entered into as of November 30, 2001; 1) This agreement is made by and between Ajay Anand and Interwest Associates (Interwest) and Med Diversified (MED). 2) Under this Agreement, MED agrees to engage Interwest as an Independent Contractor to provide services to MED in an effort to increase MED's exposure to financial community and gain additional volume and support of MED's stock. 3) Scope of Services: Interwest will provide to MED consulting services specifically focused on contacting members of the investment community, making presentations to members of the investment community on behalf of MED, following up on individuals presented to, coordinating with MED to secure support of MED's security and otherwise working to maximize MED's exposure to the investment community and increase support of MED stock. 4) Cash Fees: MED will pay to Interwest a fee of $2,500 per month to be paid on the first day of each month. 5) Non-Cash Fees: MED will immediately issue to Interwest an option or warrant to acquire 150,000 free-trading shares of MED common stock at an exercise price of $0.50 per share. 6) The date activities will actually commence under this Agreement will be December 1, 2001. 7) This agreement may be terminated at any time by MED through notifying Interwest, in writing, of intention to terminate and date effective. -Continued- -Page 2 of 2, Interwest/MED Agreement- 8) Interwest agrees to make diligent efforts in performing services agreed upon herein. 9) In this relationship, Interwest agrees to comply fully with all federal and state securities laws and regulations, industry guidelines and applicable corporate law. Additionally, Interwest shall maintain the confidentiality of all information of MED not cleared by MED for public release. In acknowledgement and acceptance of terms herein: - -------------------------------------------------------------- Frank Magliochetti, CEO, Med Diversified Date - -------------------------------------------------------------- Ajay Anand, Interwest Associates Date