Consulting Agreement Between Company and Robert S. Merritt (June 2005)
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Summary
The company entered into a temporary verbal consulting agreement with Robert S. Merritt, its former Chief Financial Officer, on June 17, 2005. Under this arrangement, Mr. Merritt will provide consulting services for a monthly fee of $50,000. Either party can end the agreement at any time, and the arrangement will last until a permanent CFO is hired and oriented.
EX-10.05 3 exhibit10-05consulting.htm EXHIBIT 10-05 MERRITT CONSULTING ARRANGEMENT Exhibit 10-05 Merritt Consulting Arrangement
Exhibit 10.05
On June 17, 2005, the Company entered into a temporary verbal consulting arrangement with Robert S. Merritt, the Company’s former Chief Financial Officer.
The following outlines the verbal arrangement: (1) the verbal agreement may be terminated by either party at any time; (2) Mr. Merritt will receive a monthly consulting fee of $50,000; and (3) the term of the verbal arrangement will continue through the hiring and orientation of a permanent CFO.
