AMENDMENT TO JANUARY 9, 2003
CONSULTING AGREEMENT
This amendment to the January 9, 2003 consulting agreement (the
"Amended Consulting Agreement") is made as of the 15th day of May 2003, by and
between ▇▇▇▇▇▇▇ ▇▇▇▇▇ PARTNERS, INC. with an office at ▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇,
▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ("PARTNERS") and GOLD BOND RESOUCRES, INC., ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ("GOBM").
WHEREAS, GOBM AND ITS WHOLLY-OWNED SUBSIDIARY, ENERTECK CHEMICAL CORP.
("ENERTECK"), are in need of an individual to act as each's Interim President
until such time as an individual or individuals can be retained to act in such
capacities under terms and conditions acceptable to GOBM; and
WHEREAS, PARTNERS has an individual currently under its employ who is
qualified to serve in such capacities; and
WHEREAS, the execution of this Agreement has been approved by the Board
of Directors of all of the parties.
NOW THEREFORE IN CONSIDERATION OF THE MUTUAL COVENANTS CONTAINED IN THE
JANUARY 9, 2003 CONSULTING AGREEMENT, THE PARTIES HAVE AGREED AS FOLLOWS:
Under the services to be provided by PARTNERS referred to in Paragraph
3 of the January 9, 2003 Consulting Agreement entitled "SERVICES", PARTNERS
hereby agrees to provide and GOBM agrees to accept the services of PARTNERS'
employee, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ("PBK"), to act as Interim President of GOBM and
ENERTECK until such time(s) when a permanent replacement or replacements is or
are appointed. However, the preceding not withstanding, PARTNERS will make PBK's
services available for a period ending no later than May 14, 2004.
PARTNERS hereby agrees to provide PBK's services referred to herein for
no additional compensation either to PARTNERS or PBK as partial consideration
for the compensation due to PARTNERS under paragraph 7 of the January 9, 2003
Consulting Agreement. However, the foregoing not withstanding, PBK,
individually, will participate as an employee in the Employee Stock Option Plan
that GOBM intends to create, and will be granted options to purchase shares of
GOBM in accordance with said Employee Stock Option Plan. Furthermore, PBK is
hereby authorized to incur reasonable expenses in providing the services
contemplated herein and will be reimbursed by GOBM or ENERTECK (as the case may
be) in accordance with GOBM and/or ENERTECK'S normal practice upon submission of
required documentation.
PBK shall devote as much of his working time in the performance of his
duties as are herein contemplated, as he feels, in his sole discretion, is
necessary to accomplish the goals of GOBM and/or ENERTECK. PBK will serve at the
discretion of the Board of Directors of GOBM, and may be terminated from either
or both positions upon 30 days written notice.
This Amendment to the January 9, 2003 Consulting Agreement is hereby
incorporated into and made a part of the January 9, 2003 Consulting Agreement,
IN WITNESS WHEREOF, this Amendment to the January 9, 2003
Consulting Agreement has been executed by the Parties as of the date first
written above.
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇ /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇▇▇▇▇, Chairman ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, President
GOLD BOND RESOURCES, INC. ▇▇▇▇▇▇▇ ▇▇▇▇▇ PARTNERS, INC.
GOBM-PartnersContractAmendment