THIS ADVISORY AGREEMENT is made this 1st day of July 2003 by and between Verdisys, Inc. (hereinafter referred to as
"Company") and Dr. Ron Robinson ("Advisor").
WHEREAS, Company desires to retain Advisor to render consulting and advisory services to Company upon the terms
and conditions hereinafter set forth; and
WHEREAS, Advisor desires to accept such engagement, upon the terms and conditions hereinafter set forth.
NOW THEREFORE , in consideration of the promises and mutual agreements hereinafter set forth, the parties agree as
1. ADVISORY SERVICES
Company hereby engages Advisor, and Advisor hereby accepts such engagement from Company, to serve as the
Chairman of the Board of Directors of the company and as a general advisor to executive management, and to render such
additional services as are pertinent thereto within the scope set forth below. Said time commitment of the advisory services to
this agreement is eighty (80) hours per month.
The parties agree that Advisor will render the following services:
The term of this engagement shall be for twelve months from the date first set forth above and shall continue month to
month thereafter until terminated by either party.
A. Advisory Fee
The Company shall pay to Advisor the amount of $10,000 per month as an advisory fee for Advisor's services (the
"Monthly Retainer"). The Monthly Retainer is due and payable at the rate of one-half on the 15th and one-half on the last day
of each month for the duration of this agreement.
Company will reimburse Advisor for pre-approved expenses incurred on the Company's behalf, including but not limited to
travel, hotels and other direct costs.
Either party may terminate this agreement by notifying the other party in writing at the address set forth below on ten days
A.Serve as the Chairman of Board of the Company;
B. Assist the Co