Amendment to Consulting Agreement between World Heart Inc. and Pellone Enterprises Incorporated (David Pellone)

Summary

World Heart Inc. and David Pellone of Pellone Enterprises Incorporated have amended their consulting agreement to extend its term until March 31, 2009. Mr. Pellone will continue serving as Acting Vice President, Finance and Chief Financial Officer, and is responsible for completing the company's 2008 audited financial reports and filings. All other terms of the original agreement remain unchanged. Upon successful completion of the 2008 financial filings, Mr. Pellone will receive a $15,000 retention bonus.

EX-10.1 3 a08-27413_1ex10d1.htm EX-10.1

Exhibit 10.1

 

CONSULTING AGREEMENT AMENDMENT

 

This as an amendment to the consulting agreement between World Heart Inc. and Mr. David Pellone of Pellone Enterprises Incorporated, dated June 19th, 2008.

 

The term of the agreement is extended to March 31st, 2009 to enable Mr. Pellone (Consultant) to continue in his current capacity as Acting Vice President, Finance and Chief Financial Officer and to complete audited financial reports and filings for the year 2008.  All the other terms of the June agreement are unchanged.  The Consultant will receive a retention bonus of $15,000 on successful completion of the 2008 financial filings.

 

 

The parties have executed this Amendment on October 30, 2008

 

 

Consultant  Name and Signature

  /s/ David Pellone

 

  Pellone Enterprises Incorporated

 

 

 

 

World Heart Inc. Signature

  /s/ Jal S. Jassawalla

 

  Jal S. Jassawalla, President and CEO