Amanasu Techno Holdings Corp – ‘10KSB/A’ for 12/31/02 – EX-10.3

On:  Friday, 7/18/03, at 5:55pm ET   ·   As of:  7/21/03   ·   For:  12/31/02   ·   Accession #:  1224280-3-36   ·   File #:  1-31261

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Amendment to Annual Report — Small Business   —   Form 10-KSB
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10KSB/A     Amendment to Annual Report -- Small Business          38    153K 
 3: EX-10.3     Material Contract                                      3     11K 
 2: EX-99.1     Miscellaneous Exhibit                                  1      6K 

EX-10.3   —   Material Contract

EX-10.3
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                                                                    Exhibit 10.3
CONSULTATION   AGREEMENT          

This  Agreement  is  made  the  12th  day  of  May,  2002.                      

BETWEEN  :     AMANASU  TECHNOLOGIES  CORPORATION,  with  its  business  office 
    located  at  701  5TH  Avenue,  36th  floor,  Seattle,
Washington 98109, U.S.A.                          
(  called  the  "  Company  "  )                  

AND  :          LINA  LEI,  with  her address at 4503 Bellevue Drive, Vancouver,
B.C., Canada.                                   
(  called  the  "  Consultant  "  )               

WHEREAS  Company  agrees  to  enter  into  an  agreement  with  Consultant,  and
Consultant agrees to enter into this Agreement upon and subject to the terms and
conditions  hereinafter  set  forth;                                            

Now  therefore  this Agreement witnesses that in consideration of the sum of $1.
now  paid  by  Company  to  Consultant ( the receipt and sufficiency of which is
acknowledged by them ) and of the covenants and conditions herein contained, the
parties  hereto  agree  as  follows  :                                          

1.     CAPACITY                                                                 
1.00     Consultant  has  acted  in the capacity as Corporate Consultant and has
reported  to  the  Board of Directors and has assisted the Company's business of
commercializing its products locally, nationally and internationally. Consultant
hereby  continues  to  accept  such  consultancy  on  the  following  terms  and
conditions.                                                                     

2.     COMPENSATION                                                             
2.00     Effective Jan.1, 2002, Consultant will be reimbursed with a retainer of
$3,500  per     month.                                                          

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2.01     Consultant  shall be responsible for all her costs, excluding including
business  and  travel     expenses incurred in the course of her consultancy, if
approved  by  the  Company  in  advance  of  such  expenses  being  incurred.   

3.     DUTIES  AND  RESPONSIBILITIES                                            

3.00     During  the  term  of  her consultancy, Consultant shall carry out such
duties  the  Board  of Directors of Company dictate from time to time determine.

3.01     Consultant  shall  faithfully  serve the Company and shall use her best
efforts  to  promote  the  interests  thereof.                                  

3.02     During the term of her consultancy with Company, Consultant shall not :

          a)   attempt to solicit any business or clients away from the Company,
its  subsidiaries  or  its  affiliates;  or       
        b)   take  any  action  the  probable  results  of  which  would  be
               detrimental  to  the business of Company, its subsidiaries or its
               affiliates,  or would be to cause the relations between Company (
               or  its  subsidiaries  or  its  affiliates  )  and its suppliers,
               clients,  employees,  shareholders  or  others  to  be  impaired.

3.03     Consultant  is  responsible  for  all taxes and other government levies
applicable  to  her  remuneration.                                              

4.     TERMINATION   OF   SERVICE                                               

4.00     Company  and  Consultant  shall be entitled to terminate the consulting
agreement  by  giving  one  month's  written  notice.                           

5.     GENERAL                                                                  
5.00     If  Consultant  dies  during  the  term  of  her  employment,  then the
remuneration  and  other     benefits  payable  to her as hereinbefore provided,
shall  cease  on  the  last day of the month     in which her death shall occur,
except  for  the  stock  options, which will only lapse after two years from her
death,  unless  the  stock options are exercised before then. In such event, her
estate  shall  be  entitled  to  receive  the  salary and any other remuneration
payable  hereunder.                                                             

5.01     This  Agreement  shall  enure to the benefit of and be binding upon the
parties  hereunto  and     their  respective  heirs,  executors, administrators,
successors  and  permitted  assigns.                                            

5.02     Each  provision  and  paragraph  of  this  Agreement  is  declared  to 
constitute  a  separate  and     distinct  covenant and to be severable from all
other  such separate and distinct covenants. If any covenant or provision herein
contained  in  determined  to be void or unenforceable in whole or in part, such

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EX-10.3
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determination  shall  not affect or impair the validity or enforceability of any
other  covenant  or  provision  contained  in  this  Agreement and the remaining
provisions  of  this  Agreement  shall  be  valid and enforceable to the fullest
extent  permitted  by  law.                                                     

5.03     This  Agreement  constitutes  the  entire agreement between the parties
hereto  relating  to  the     subject matter hereof and supersedes all prior and
contemporaneous agreements, understanding, negotiations and discussions, whether
oral or written, of the parties and there are no general or specific warranties,
representations,  or other agreements by or among the parties in connection with
the  entering  into  of  this  agreement  or the subject matter hereof except as
specifically  set  forth  herein.                                               

5.04     The  provisions  of  this  Agreement  and  the relationship between the
parties  shall  be  construed in accordance with and governed by the laws of the
Province  of  British  Columbia,  Canada.  The  parties  hereby  attorn  to  the
jurisdiction  of  the  courts  of  the  said  Province.                         

5.05     All  reference  to  currency  herein  are  references  to United States
dollars.                                                                        

5.06     No  amendment  or  waiver  of  any provision of this Agreement shall be
binding  upon  a     party  unless  made  in  writing  and signed by such party.

IN  WITNESS  WHEREOF the parties hereto have executed those presents the day and
year  first  above  written.                                                    

AMANASU  TECHNOLOGIES                                                           
CORPORATION                                                                     

/s/  Charlie  Lan                                                               
-----------------                                                               
Authorized  Signatory                                                           

/s/  Lina  Lei                                                                  
--------------                                                                  
LINA  LEI                                                                       

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/30/21  Amanasu Techno Holdings Corp.     10-K       12/31/20   38:1.3M                                   Blueprint/FA