Document:

mdce_ex1053.htm

EXHIBIT 10.53

 

DG, CHINA

NEW ADMINISTRATIVE SERVICES AGREEMENT (the "Agreement") dated as of April 1, 2012 between Medical Care Technologies Inc., a Nevada corporation ("MDCE") and Justin K. MOY ("JKMOY"), an individual.

 

For good and valuable consideration, the receipt and legal sufficiency of which are hereby expressly acknowledged, the parties hereto agree as follows:

 

1. Engagement.  Upon the terms and subject  to the conditions  hereof, MDCE hereby  engages  JKMOY  to provide MDCE with the Services (as defined in Section 2 hereof), and JKMOY hereby agrees to provide MDCE with the Services.

 

2. Administrative and Support Services. During the term hereof, JKMOY agrees to provide the administrative support and services (including bookkeeping, clerical, secretarial assistance), and any other administrative services reasonably requested by MDCE and agreed to by JKMOY (hereinafter referred to as the "Services"). Subject to the provisions of Section 3, JKMOY agrees to provide the Services (I) in good faith, (ii) in a professional and workmanlike manner and (iii) in accordance with the reasonable instructions of MDCE.

 

3. Mutual Support and Cooperation.

 

(a)  Each of JKMOY and MDCE agrees that it will take all steps reasonably necessary, at its own expense: (i) to designate key individuals to perform its obligations hereunder;

 

(ii)  to conduct periodic meetings of all such key individuals and others as necessary;

 

(iii)  to fully cooperate with all reasonable requests for assistance; and

 

(iv)  to take such further steps and execute such further documents as may be reasonably necessary.

 

(b)  The parties will make diligent efforts through their respective key individuals to identify the causes of any problems in the Services and to make adjustments, in an equitable fashion, in order to address and resolve such problems, including the substitution or modification of the Services and the corresponding compensation therefor.

 

4. Fees. As Fee compensation for Services rendered or to be rendered in connection with this Agreement, JKMOY agrees to accept common stock shares of MDCE and MDCE agrees to issue to JKMOY (at JKMOYs direction as to individual designee) non-refundable, non-accountable, non-assessable compensation in the form of 60,000,000 (sixty million) common stock shares of MDCE, in total for the Term of this Agreement and subject to the conditions of this Section 4 (the "Shares"). All of the Shares shall be issued as part of a plan of compensation registered under the Securities Act of 1933, as amended. The Shares shall be issued pro rata on a monthly basis with the first payment in shares being due at the end of the first month of the Agreement. A pro rata installment shall be due and owing to Consultant on the last day of each subsequent month, and the final share payment shall be due and owing on the last day of the term of the Agreement. The Shares shall be issued to Justin K. Moy, pursuant to the provisions of the SEC rules governing Form S-8 Registrations thereunder. The Shares shall be delivered to Consultant pursuant to instructions to be provided by Consultant to the Company.

5. Term and Termination.

(a) Except as provided in Section 5(b) hereof, the term of this Agreement shall commence on the date hereof and shall terminate at the close of business at the end of  twelve months from the date hereof (end term date March 30, 2013).

 

(b) Either party may, by delivering written notice thereof to the other party, terminate any or all of its obligations under this Agreement, effective immediately, if the other party hereto:

 

(i) is rendered bankrupt or becomes insolvent, and such insolvency is not cured within 15 days after written notice, or files a written petition in bankruptcy or an answer admitting the material facts recited in such petition filed by another, or discontinues its business, or has a receiver or other custodian of any kind appointed to administer any substantial amount of its property; or

 

  

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(ii) commits a material breach of its duties, obligations or understandings under this Agreement, which breach is not cured within 30 days following written notice of such breach from the nonbreaching party.  Any such termination shall be in addition to any other rights or remedies available at law or in equity to the terminating party.

 

(c) Each party hereto agrees to consult in advance with the other party and to bring to the attention of the other party any problems, differences of opinion, disagreements or any other matters which may lead such party to terminate or seek to terminate this Agreement. The purpose and intent of the parties in including this provision is to insure that both parties to this Agreement are made aware of any problems arising out of or relating to this Agreement or the relationship of the parties hereunder, so that the parties hereto may, in good faith, consult with one another concerning such problems and, where possible, resolve such problems to the parties' mutual satisfaction, thereby preserving their contractual relationship and goodwill and mutual respect presently existing between the parties to this Agreement.

 

6. Force Majeure.

 

Any failure or delay in the performance by JKMOY of his obligations hereunder shall not be a breach of this Agreement if such failure or delay arises out of or results primarily from fire, storm, flood, earthquake or other acts of God, explosions, wars, insurrections, strikes, work stoppages or slowdowns, epidemic or quarantine restrictions, unforeseen equipment failure or inability to obtain essential raw materials despite commercially reasonable best efforts to do so (the occurrence of any of the foregoing shall be an "Event of Force Majeure").

 

7. Confidentiality.

 

It is stipulated and agreed that during the term of this Agreement, JKMOY and MDCE will be in a position to become acquainted with each other's confidential, privileged and proprietary information including, without limitation, identities of suppliers; expenses; pricing techniques and strategies; profits and product line profitability information; existing and future product information; research and development programs; specifications for products; software designs; know-how, trade secrets and other intellectual property; business plans and records; customer names, lists, files and other customer information; budget and financial information and the goals and objectives of the other party; methods, practices and techniques for promoting and marketing products; personnel matters and other confidential processes, formulae or materials regarded by such party as privileged, proprietary or confidential (each parties' respective confidential information is referred to herein as such party's "Confidential Information"). JKMOY agrees that the Confidential Information of MDCE, and MDCE, and JKMOY agrees that the Confidential Information of JKMOY, is an integral and key part of the assets of each respective entity and that the unauthorized use or disclosure of the other party's Confidential Information would seriously damage the owner thereof in its business. As a consequence of the above, JKMOY and MDCE hereby agree that, during the term of this Agreement and thereafter:

(d) JKMOY and MDCE shall not, directly or indirectly, (I) use any of the other party's Confidential Information or (ii) divulge, disclose, furnish or make accessible, or cause any person to divulge, disclose or furnish, any aspects of the other party's Confidential Information to any person or entity (other than the other party), except as may be reasonably necessary to perform their respective obligations hereunder, as may be expressly authorized by the other party in writing or as required by law or pursuant to a court order; provided, however, that, prior to any such compelled disclosure, the party whose obligation it is to keep such information confidential shall have given the other party notice of the circumstances relating to such compelled disclosure and an opportunity to seek an appropriate protective order with respect thereto.

 

  

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(e)  JKMOY  and  MDCE  shall  each  refrain  from  any  action  or  conduct  which  might  reasonably  or foreseeably be expected to compromise the confidentiality or proprietary nature of the other party's Confidential Information.

 

(f) The term "Confidential Information" as used in this section shall not include information (I) which is or becomes available to the public through no act, omission or fault of, and absent any breach of a covenant or obligation hereunder by, the party whose obligation is to keep such information confidential or (ii) which the party whose obligation it is to keep such information confidential may have received lawfully from any third party without restrictions as to disclosure thereof.

8. Assignment/Successors.

 

Neither Party hereto may assign this Agreement or any rights hereunder to any other Person, without the prior written consent of the other party hereto. This Agreement shall be binding upon and inure to the benefit of the successors of the parties hereto.

 

9. Waiver of Breach.

 

The failure of any party hereto to enforce at any time any of the provisions of this Agreement shall in no way be construed to constitute a waiver of any such provision nor in any way to affect the validity of this Agreement or any part hereof, including the right of any party thereafter to enforce each and every provision. The waiver by any party to this Agreement of any breach or violation of any provision of this Agreement by the other party hereto shall not operate or be construed to be a waiver of any subsequent breach or violation thereof.

 

10. Severability.

 

The terms and conditions of this Agreement are hereby deemed by the parties to be severable, and the invalidity or unenforceability of any one or more of the provisions of this Agreement shall not affect the validity and enforceability of the other provisions hereof.

 

  

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11. Notices.

 

Any notice contemplated by or required or permitted to be given under this Agreement shall be in writing and (a) sent by telecopier, with a copy promptly sent by first class mail, (b) delivered personally, (C) sent by next day or overnight courier or delivery or (d) mailed by registered or certified mail, return receipt requested, postage prepaid, as follows:

 

	 	JKMOY: 	Justin K. MOY
	 	 	Room 815, No. 2 Building Beixiaojie 

Dongzhimen Nei, Beijing

China  10009

	 	 	 
	 	MDCE: 	Medical Care Technologies, Inc.
	 	 	Room 815, No. 2 Building Beixiaojie 

Dongzhimen Nei, Beijing

China 10009

 

or, in each case, at such other address or facsimile number as may be specified in writing to the other parties hereto. Such notices,  requests and other communications  sent as provided  hereinabove  shall be effective: (w) if sent by telecopier on a business day between the hours of 9:00 a.m. and 6:00 p.m. EST, upon sending, but if sent by telecopier at any other time, upon the next business day; (x) upon receipt, when personally delivered; (y) the next business day, if sent by overnight courier or delivery; and (z) if sent by registered or certified mail, return receipt requested, upon the expiration of the fifth business day after being deposited in the mail.

 

12. Choice of Law.

 

This Agreement shall in all respects be governed by and construed in accordance with the laws of the State of Nevada.

13. Relationship of the Parties.

 

JKMOY is acting solely as independent contractor under this Agreement. It is expressly understood and agreed by the parties hereto that nothing in this Agreement, its provisions or transactions and relationships contemplated hereby shall constitute either party as the agent, employee, partner or legal representative of the other for any purpose whatsoever, nor shall either party hold itself out as such. Neither party to this Agreement shall have the authority to bind or commit the other party hereto in any manner or for any purpose whatsoever, except as may be expressly provided for herein, but rather each party shall at all times act and conduct itself in all respects and events as an independent contractor. This Agreement creates no relationships of joint venturers, partners, associates or principal and agent between the parties hereto.

14. Construction of Agreement; Entire Agreement; Amendments.

 

This Agreement may be executed in counterparts in order to provide each party hereto with a fully executed original hereof. In that this Agreement was prepared as a result of negotiation and mutual agreement between the parties hereto, neither this Agreement nor any provision hereof shall be construed against either party hereto as the party who prepared this Agreement or any such provision. This Agreement reflects the complete understanding of the parties as of the date hereof and constitutes their entire agreement regarding the subject matter hereof, all prior negotiations, representations and statements having been merged herein. This Agreement may be amended only by a written amendment between the parties hereto.

 

  

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IN WITNESS WHEREOF, the parties have executed this Agreement by the signature of their respective, duly authorized signatories as of the day and year first above written.

 

	MEDICAL CARE TECHNOLOGIES INC.	 
	 	 
		 
	 	 
	By: Ning C. WuName 	 
	Its:  President	 
	 	 
	JKMOY	 
	 	 
		 
	 	 
	By: JKMOY	 
	Its: Administrative Assistant - Dongguan	 

 

 

5mdce_ex1054.htm

EXHIBIT 10.54

 

BUSINESS ADVISORY & CONSULTING AGREEMENT

 

This Agreement is entered into and with effective date the 1st day of April 2012 by and between Medical Care Technologies Inc. (the "Company") and Antoinette McMurray-Nelson (the "Consultant"), (hereinafter referred to collectively as the "Parties").

 

WHEREAS the Company desires to be assured of the association and services of the Consultant in order to avail itself of the Consultant's extensive experience, skills, abilities, knowledge, and background regarding rules and regulations of the U.S. Securities and Exchange Commission; and to facilitate long range strategic planning; and to advise the Company in business and/ or financial and merger/acquisition matters and is therefore willing to engage the Consultant upon the terms and conditions set forth herein;

 

WHEREAS the Consultant desires to be assured, and the Company desires to assure the Consultant, that, if the Consultant associates with the Company and allocates its resources necessary to provide the Company with its business advisory and consulting services, the Consultant will be paid the consideration herein and said consideration will be non refundable, regardless of the circumstances;

 

WHEREAS the Consultant agrees to be engaged and retained by the Company for a period of nine (9) months subject to the terms and conditions set forth herein.

 

NOW THEREFORE, in consideration of the foregoing, of the mutual promises hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

 

1.1           Administrative Services.

 

a.    Maintenance of Company records reports and files.

 

b.    Oversight of all agreements under consideration by the Company.

 

c.    Payment of accounts payable and other liabilities of the Company.

 

d.    Preparation and distribution of financial statements of the Company.

 

e.    Oversight of the preparation and filing of all reports required to be filed by the Company to the U.S. Securities and Exchange Commission.

 

f.    As needed, preparation and distribution to the Board of Directors or Management of the Company periodic reports on budgets and the financial condition of the Company.

 

1.2           Company Formalities Services.

 

a.    Calendaring of required member and board meetings.

 

b.    Notice of all meetings.

 

c.    Facilities and secretarial support for member and board meetings.

 

d.    If needed, preparation of minutes.

 

e.    If needed, maintenance of minute book.

 

f.    Assistance with selection of candidates for the Board and/ Management.

 

  

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1.3           Managerial and Advisory Services.

 

	
a.

	
Be materially involved in due diligence and documentation process of proposals received by the Company.

 

	
b.

	
Development of program or project goals and guidelines implemented by the Company..

 

	
c.

	
Assist Company with corporate governance structure involving Board of Directors and Committees.

 

	
d.

	
Assist with the development and implementation of management, director and consultants/advisors compensation programs.

 

	
e.

	
Facilitate long range strategic planning.

 

	
f.

	
Assist Company in determining the requirements for financial reporting function and Chief Financial Officer and, if requested, will assist with identifying qualified candidates.

 

	
g.

	
At no time shall any services to be rendered hereunder include any investor or public relations services or any capital raising for the Company.

 

2.             Compensation

 

	
a.

	
Business Advisory and Consulting Fee: As consideration for Consultant rendering services under this Agreement, the Company shall issue 90.000.000 S-8 common shares of the Company's share capital. The Shares shall be issued to Consultant pursuant to the provisions of the SEC rules governing S-8 Registrations there under. which registration shall include a copy of this agreement between the parties hereto. The Shares shall be issued in tranches throughout the term of this Agreement as follows: a) 30.000.000 shares upon execution of this Agreement or upon effective filing of the Form S-8. b) 30.000.000 shares on or before August 1. 2012 and; c) 30.000.000 shares on or before November 1. 2012.

 

3.             Confidentiality

 

	
a.

	
The parties may wish. from time to time. in connection with work contemplated under this Agreement. to disclose confidential information to each other ("Confidential Information"). Each party will use reasonable efforts to prevent the disclosure of any of the other party's Confidential Information to third parties except for matters covering the scope of this Agreement. The recipient may acquire information that pertains to the discloser's processes. equipment. programs. developments. or plans that is both (i) disclosed or made known by the disclosure to the recipient and (ii) identified in writing as "proprietary" by the disclosure. The recipient agrees not to disclose any Confidential Information to third parties or to use any Confidential Information for any purpose other than performance of the services contemplated by this Agreement. without prior written consent of the Company.

 

	
b.

	
Confidential Information subject to paragraph 4(a) does not include information that (i) is or later becomes available to the public through no breach of this Agreement by the recipient; (ii) is obtained by the recipient from a third party who had the legal right to disclose the information to the recipient; (iii) is already in the possession of the recipient on the date this Agreement becomes effective; (iv) is independently developed by recipient; or (v) is required to be disclosed by law. government regulation. or court order. In addition. Confidential Information subject to paragraph 4(a) does not include information generated by the Consultant unless the information is generated as a direct result of the performance of consulting services under this Agreement.

 

4.             Term and Termination

 

	
   a.

	
This Agreement shall be for a term of nine (9) months. renewable upon reasonable terms and conditions as may be agreed upon by the Company and the Consultant.

 

  

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   b.

	
Termination of the Agreement under paragraph 2 above shall not affect the Company's obligation to pay for services previously performed by the Consultant or expenses reasonably incurred by the Consultant for which the Consultant is reasonably entitled to reimbursement.

 

5.             Miscellaneous

 

	
a.

	
This Agreement shall inure to the benefit of and be binding upon the respective heirs, executors, successors, representatives, and assigns of the parties, as the case may be.

 

	
b.

	
The relationship created by this Agreement shall be such that the Consultant shall have the authority to bind and act as agent for the Company and/ or its employees for purposes described under this Agreement.

 

	
c.

	
The Company will not use the Consultant's name in any commercial advertisement or similar material used to promote or sell products, unless the Company obtains in advance the consent of theConsultant.

 

	
d.

	
This Agreement constitutes the entire agreement between the Company and the Consultant with respect to the subject matters of this Agreement. This Agreement may not be modified in any respect by any verbal statement, representation, or agreement made by any employee, officer, or representative of the Company, or by any written documents unless it is signed by an officer of the Company and by the Consultant.

 

	
e.

	
If any term or provision of this Agreement is deemed invalid, contrary to, or prohibited under applicable laws or regulations of any jurisdiction, this Agreement shall be invalid.

 

IN WITNESS WHEREOF, the parties have executed this Agreement effective the date first stated above.

 

	MEDICAL CARE TECHNOLOGIES INC.	 
	 	 
	 	 
	By:		 
	Name:	NC Wu	 
	Title:	President and CEO	 

 

	
CONSULTANT

	 
	 	 
	 	 
	By:		 
	Name:	A. McMurray-Nelson	 
	Title:	Consultant	 

 

 

 

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