Document:

fs81210ex10x_medicalcare.htm

Exhibit 10.10

MEDICAL CARE TECHNOLOGIES, INC.

BUSINESS ADVISORY & CONSULTING AGREEMENT

AGREEMENT made as of the 1st  day of October, 2010 ( the “Effective Date”), by and between Shu Zhen Bei (“Consultant”), and Medical Care Technologies, Inc. (hereafter referred to as “MDCE”) having a place of business at Room 815, No. 2 Building Beixiaojie, Dongzhimen Nei, Beijing 10009.

WHEREAS, The Company has engaged the Business Advisor to act as a business consultant and advisor in connection with the Company's business matters;

WHEREAS, The Business Advisor has experience in providing business consulting and advisory services to corporations, partnerships and other business organizations;

WHEREAS, the Company is seeking and the Business Advisor is willing to furnish business consulting and advisory services to the Company on the terms and conditions hereinafter set forth.

           NOW THEREFORE, in consideration of, and for the mutual promises and covenants contained herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

1. PURPOSE. The company hereby engages the Business Advisor on a non-exclusive basis for the term specified in this Agreement to render business consulting and advisory services upon the terms and conditions set forth herein.

2. REPRESENTATIONS OF THE BUSINESS ADVISOR AND THE COMPANY. The Business Advisor represents and warrants to the Company that it is free to enter into this Agreement and the business consulting and advisory service to be provided pursuant to this Agreement are not in conflict with any other contractual or other obligation to which the Business Advisor is bound. The Company acknowledges that the Business Advisor is in the business of providing business consulting and advisory services to others and that nothing herein contained shall be construed to limit or restrict the Business Advisor in conducting such business with respect to others, or rendering such services to others.

3. DUTIES OF THE BUSINESS ADVISOR. During the term of this Agreement, the Business Advisor will provide the Company with business consulting and advisory services as specified below at the request of the Company from time to time, provided that the Business Advisor shall not be required to undertake duties not reasonably within the scope of the services in which the Business Advisor is engaged generally. In performance of these duties, the Business Advisor shall provide the Company with the benefits of its best judgment and efforts. It is understood and acknowledged by the

parties that the amount of time spent rendering such business consulting and advisory services shall be determined according to the Business Advisor's and the Company's mutually convenient schedule.

The Business Advisor's business consulting and advisory services shall include but are not limited to:

              1)   Corporate structuring;

              2)   e-commerce planning, development and operations;

              3)   General business planning, development and operations; and

              4)   Mergers and acquisitions, and other business combinations.

 

 

  

1

  

 

4. TERM. The term of this Agreement shall be for a period of one (1) year and fifteen (15) days commencing on the execution of this Agreement.

5. FEE. In consideration of the business consulting and advisory services to be rendered pursuant to this Agreement, the Company agrees to issue to Consultant an aggregate of 3 million shares of the Company’s common stock as soon as practicable after the Effective Date. The shares of common stock will be registered under an S-8 registration statement and will be free trading shares.

6. EXPENSES. In addition to the fees payable hereunder, the Company shall reimburse the Business Advisor, within thirty (30) business days of its request, for any and all reasonable out-of-pocket expense incurred in connection with the services performed by the Business Advisor and its legal counsel pursuant to this Agreement, including (I) reasonable hotel, meals and associated expenses; (ii) reasonable charges for travel; (iii) reasonable long-distance telephone calls; and (iv) other reasonable expenses spent or incurred on the Company's behalf. All such monthly expenses in excess of $5,000 shall be pre-approved by the Company.

7. USE OF BUSINESS ADVICE BY THE COMPANY. The company acknowledges that all opinions and advice (written or oral) given by the Business Advisor to the Company in connection with the engagement of the Business Advisor are intended solely for the benefit and use of the Company in considering the transaction to which they relate, and the Company agrees that no person or entity other than the Company shall be entitled to make use of or rely upon the advice of the Business Advisor to be given hereunder, and no such opinion or advice shall be used for any other purpose or reproduced, disseminated, quoted or referred to at any time, in any manner or for any purpose, not may the Company make any public references to the Business Advisor, or use of the Business Advisor's name in any annual reports or any other reports or releases of the Company without the prior written consent of the Business Advisor.

The Company acknowledges that the Business Advisor makes no representations whatsoever as to making a market in the Company's securities or to recommending or advising its clients, or any other persons, to purchase the Company's securities. Research reports or corporate business reports that may be prepared by the Business Advisor will, when and if prepared, be done solely on the merits or judgment and analysis of the Business Advisor or any senior personnel of the Business Advisor.

8. COMPANY INFORMATION; CONFIDENTIALITY. The Company recognizes and confirms that, in advising the Company and in fulfilling its engagement hereunder, the Business Advisor will use and rely on data, material and other information furnished to the Business Advisor by the Company. The Company acknowledges and agrees that in performing its services under this engagement, the Business Advisor may rely upon the data, material and other information supplied by the Company without independently verifying the accuracy, completeness or veracity of same. In addition, in the performance its services, the Business Advisor may look to such others for such factual information, economic advice and/or research upon which to base its advice to the Company hereunder as the Business Advisor shall in good faith deem appropriate.

Except as contemplated by the terms hereof or as required by applicable law, the Business Advisor shall keep confidential all no-public information provided to it by the company, and shall not disclose such information to any third party without the Company's prior consent, other than such of its employees and advisors as the Business Advisor determines to have a need to know.

 

  

2

  

 

9. INDEMNIFICATION.  The Company shall indemnify and hold harmless the Business advisor against any and all liabilities, claims, lawsuits, including any and all awards and/or judgments to which it may become subject under the Securities Act of 1933, (the "Act"), the Securities Exchange Act of 1934, as amended (the "1934 Act") or any other federal or state statute, at common law or otherwise, insofar as said liabilities, claims and lawsuits (including costs, expenses, awards and/or judgements) arise out of or are in connection with the services rendered by the Business Advisor or any transactions in connection with this Agreement, except for any liabilities, claims, lawsuits (including awards and/or judgements), arising out of willful misconduct or willful omissions of the Business Advisor. In addition, the Company shall also indemnify and hold harmless the Business Advisor against any and all reasonable costs and expenses, including reasonable legal counsel fees and expenses, incurred relating to the foregoing.

           The Business Advisor shall give the Company prompt notice of any such liability, claim or lawsuit which the Business Advisor contends is the subject matter of the Company's indemnification and the Company thereupon shall be granted the right to take any and all necessary and proper action, at its sole cost and expense, with respect to such liability, claim or lawsuit, excepting therefrom any and all proceedings or hearings before any regulatory bodies and/or authorities.

The Business Advisor shall indemnify and hold the Company harmless against any and all liabilities, claims and lawsuits, including any and all awards and/or judgments to which it may become subject under the Act, the 1934 Act or any other federal or state statute, at common law or otherwise, insofar said liabilities, claims and lawsuits (including costs, expenses, awards and/or judgments) arise out of or are based upon willful misconduct or willful omissions of the Business Advisor. In addition, the Business Advisor shall also indemnify and hold the Company harmless against any and all reasonable costs and expenses, including reasonable legal counsel fees and expenses, incurred relating to the foregoing.

The Company shall give the Business Advisor prompt notice of such liability, claim or lawsuit which the Company contends is the subject matter of the Business Advisor's indemnification and the Business Advisor thereupon shall be granted the right to take any and all necessary and proper action, at its sole cost and expense, with respect to such liability, claim or lawsuit, including the right to settle, compromise or dispose of such liability, claim or lawsuit, excepting therefrom any and all proceedings or hearings before any regulatory bodies and/or authorities.

10. THE BUSINESS ADVISOR AS AN INDEPENDENT CONTRACTOR.  The Business Advisor shall perform its services hereunder as an independent contractor and not as an employee of the Company or an affiliate thereof. It is expressly understood and agreed to by the parties hereto that the Business Advisor shall have no authority to act for, represent or bind the Company or any affiliate thereof in any manner, except as may be agreed to expressly by the Company in writing from time to time.

11. ENTIRE AGREEMENT. This Agreement between the Company and the Business Advisor constitutes the entire agreement and understanding of the parties hereto, and supersedes any and all previous agreements and understandings, whether oral or written, between the parties with respect to the matters set forth herein.

12. MISCELLANEOUS.

(a) Any notice or communication permitted or required hereunder shall be in writing and shall be deemed sufficiently given if hand-delivered or sent by facsimile and postage prepaid by certified or registered mail, return-receipt-requested, to the respective parties herein or to such other address as either party may notify the other in writing.

  

3

  

To Company:

Ning C. Wu

Room 815, No. 2 Building Beixiaojie

Dongzhimen Nei, Beijing 10009

To Consultant:

Shu Zhen Bei

1301, 12 Harcourt Road

Central Hong Kong

(b) This Agreement shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors, legal representative and assigns.

(c) This Agreement may be executed in any number of counterparts, each of which together shall constitute one and the same original document.

(d) No provision of this Agreement may be amended, modified or waived, except in a writing signed by all of the parties hereto.

(e) This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada. The parties agree that any action brought by any party against another party in connection with any rights or obligations arising out of this Agreement shall be instituted in a proper federal or state court of competent jurisdiction with jurisdiction only in the State of Nevada. A party to this Agreement named as a defendant in any action brought in connection with this Agreement in any court outside of the State of Nevada shall have the right to have the case dismissed, requiring the other party to refile such action in a proper court in the State of Nevada.

    (f) This Agreement has been duly authorized, executed and delivered by and on behalf of the Company and the Business Advisor.

    IN WITNESS WHEREOF, the parties hereto, upon proper authority, have caused this Agreement to be duly executed, on the 1st day of October, 2010.

 

	
Shu Zhen Bei

	  	
MEDICAL CARE TECHNOLOGIES, INC.

	  	  	  	  	  
	
BY:

	
 /s/ Shu Zhen Bei

	  	
BY:

	
 /s/ Ning C. Wu.

	
PRINT NAME:

	
 Shu Zhen Bei

	  	
PRINT NAME:

	
 Ning C. Wu

	  	
Consultant

	  	  	
 President & CEO

	
DATE:

	
 October 1, 2010

	  	
DATE:

	
 October 1, 2010

 

4fs81210ex10xi_medicalcare.htm

Exhibit 10.11

 

Consulting and Custom Software Development & Upgrade

English Translation

 

Contractor Agreement

This Agreement is effective as of the date of the party last signing below by and between MEDICAL CARE TECHNOLOGIES INC. (the “Company”), with offices at Room 815, No. 2 Building, Beixiaojie, Dongzhimen Nei, Beijing, China 10009, and L. Eddison Parke, Information Technology Technicians & Consultants (the “Contractor”), having a business address at Jiaxin Industries, 6th Floor - #502, He Dong District, 355 Xing Kai Road, Tiajin, China.

 

Medical Care Technologies Inc. and the Contractor agree as follows:

 

Article 1. Contract Service

 

The Contractor will design and construct a secure software information platform called the (i) Med-Suite Professional Practice Management for processing and tracking patient data and; (ii) TeleHealth Suite for communicating patient data between healthcare providers (Contract Service), more specifically identified in Appendix I which is attached to and made a part of this Agreement.

 

Article 2. Time of Completion

 

The Contract Service will be completed on or before August 31, 2010.

 

Article 3. The Contract Price

 

Medical Care Technologies Inc. will pay the Contractor for the Contract Service a sum not to exceed fifty five thousand eight hundred United States dollars ($55,800.00 USD), subject to additions and deductions pursuant to authorized changes to the scope of the Contract Service.  If the Company has insufficient cash resources to pay the Contractor, the Company shall issue certificate(s) representing an aggregate of one million three hundred ninety five thousand (1,395,000) shares of free trading common stock (the "Shares"), registered under S-8. The shares, when issued to the Contractor, will be duly authorized, validly issued and outstanding, fully paid and non-assessable and will not be subject to any liens or encumbrances.

 

Article 4. Progress Payments

 

Payments of the Contract Price shall be made in installments upon completion of the deliverables set forth in Appendix I.

 

Article 5. Other Provisions

 

1. All changes to the scope of the Contract Service shall be in writing and signed by the Company and the Contractor, which writing then shall be incorporated in and become a part of this Agreement.

 

2. Medical Care Technologies Inc. understands that the Contractor may be engaged by one or more other institution(s) for the Contractor's services. In this regard, the Contractor will not become a party to any agreement that conflicts with the Contractor's performance of the Contract Service. The Company may terminate this Agreement if in its reasonable opinion the performance of such services will conflict with its interests.

 

3. Medical Care Technologies Inc. wishes to maintain in confidence all information including data, technology, commercial and research strategies, trade secrets, inventions and know-how disclosed by the Company to the Contractor, directly or indirectly, in written, oral or other tangible form, for the purpose of this Agreement or generated by the Contractor as a result of the performing the Contract Services (collectively, Confidential Information). In this regard, the Contractor will not disclose Confidential Information to others without the prior written consent of the Company, except the Contractor will not be prevented from disclosing information that (i) can be shown by contemporaneous documentation to have been in the Contractor's possession prior to the disclosure by the Company; (ii) at the time of the disclosure is, or thereafter becomes, through no fault of the 

 

  

  

  

 

Contractor, part of the public domain; or (iii) is furnished to the Contractor by a third party after the time of the disclosure without the breach of any duty to Medical Care Technologies Inc. In addition, the Contractor will keep separate and segregated from other work all documents, records, notebooks, correspondence and the like arising from the Contract Services. All right, title, and interest in Confidential Information, including that arising from the Contract Services, shall belong to the Company and upon completion of the Contract Services or termination of this Agreement all tangible forms of Confidential Information, including copies thereof, whether prepared by the Contractor or other, will be delivered to Medical Care Technologies Inc.

 

4. The Contractor will not disclose any information of the Company to third parties that the Contractor does not have the right to disclose.

 

5. This Agreement may be terminated by either party upon thirty (30) days written notice to the other party. This Agreement may be terminated by a non-breaching party, in addition to any other remedy, for a breach of any term of the Agreement effective upon written notice to the breaching party; upon which event all rights of the breaching party shall terminate. In either event, notice shall be given by registered mail, prepaid and properly addressed as follows:

 

 

	If to the Company:	If to the Contractor:
	 	 
	MEDICAL CARE TECHNOLOGIES INC.	L. Eddison Parke, Information Technology Technicians & Consultants
	Room 1201, No. 2 Building, Beixiaojie	Jiaxin Industries
	Dongzhimen Nei	6th Floor - #502 He Dong District
	Beijing, People’s Republic of China 10009	355 Xing Kai Road
	Attention: Legal Department	Tianjin, People’s Republic of China

 

 

Any such notice shall be deemed to have been given when received.

 

7. The terms and obligations of Sections 3 of this Article 5 shall survive and remain in full force and effect after termination of this Agreement regardless of the cause of such termination.

 

8. This Agreement is the entire agreement of the parties relating to the subject matter hereof, and supersedes all prior and contemporaneous negotiations, correspondence, understandings, and agreements of the parties relating to the subject matter hereof. It may be amended only by an agreement in writing, signed by both parties.

 

9. The Contractor is an independent consultant and is not an employee or agent of Medical Care Technologies Inc. The Contractor shall be entitled to no benefits or compensation from the Company except as set forth in this Agreement and shall in no event be entitled to any fringe benefits payable to other employees of the Company. The Contractor shall be solely responsible for the payment of all taxes due on the income received for performing the Contract Services.

 

10. This Agreement shall be interpreted and enforced in accordance with the laws of the People’s Republic of China (regardless of the choice of law principles in any other jurisdiction).

In witness whereof, the parties have executed this Agreement as of the date of the party last signing below.

 

 

	MEDICAL CARE TECHNOLOGIES INC.	 	Contractor:	 
	 	 	 	 	 	 
	By:	
“Ning C. Wu”

	 	By:	
“L. E. Parke”

	 
	 	 	 	 	 	 
	Ning C. Wu, Chief Executive Officer	 	L. Eddison Parke, IT Consultant	 
	 	 	 	 	 	 
	Date: May 18,2010	 	Date: May 18, 2010	 

 

 

  

  

  

 

Appendix I

 

Payment Schedule Development of Med-Suite Profession Practice Management and TeleHealth Suite (Software)

 

For consultation, design, development and implementation of software for:

 

1. Med-Suite Professional Practice Management and

2. TeleHealth Suite

 

Medical Care Technologies Inc. will pay for the development and implementation in cash installments upon completion each of the phases listed below.   If the Company has insufficient cash resources, the Contractor will accept 1,395,000 shares of free trading stock of the Company registered under S-8.

 

 

	
Phase

	
Deliverables

	
Payment

	
I

	
Design and development of software:

 

· Consultation on user requirements

· Development of a core software using client-server technology

· Graphical user interface

· web-based and multiple-platform

· data transfer through secure network

 

	
$31,000.00

	
II

	
Implementation of software:

 

· Unit testing and user testing

· Pilot and bug fix

· Documentation and full source code transferred to the Company.

· Training

· Warranty and bug fix for 6 months

· Client Sign-off

 

	
$24,800.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]