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Consulting Agreement Between Company & Hebblewhite

This is an actual contract by Dynamotive Energy Systems.

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Sectors: Utilities
Effective Date: January 01, 2001
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CONSULTING AGREEMENT
--------------------


THIS AGREEMENT is made and dated for reference the 1st day of January, 2001.


DYNAMOTIVE TECHNOLOGIES CORPORATION
-----------------------------------
105-1700 West 75th Avenue,
Vancouver, British Columbia V6P 6G2


(the "Company")


AND


Hebblewhite Investments Limited
The Eurolife Building
PO Box 233
1 Corral Road
Gibraltar
(the "Consultant")


AGREEMENTS


For good and valuable consideration, the receipt and sufficiency of which each party acknowledges the parties hereto agree as follows:


PART 1


APPOINTMENT
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1.01 The Company appoints the Consultant and the Consultant accepts the appointment, who in turn agrees to provide the services of Mr Stephen Edward Ives of Cottars, St. Leonards Hill, Windsor, Berkshire, SL4 4AL, England, to act as Chief Financial Officer, ("Appointment") upon the terms and conditions of this Agreement and the Consultant agrees to diligently and faithfully carry out and perform its duties and obligations described in this Agreement and ensure that Mr Ives also complies with these terms.


PART 2


TERM OF AGREEMENT
-----------------


2.01 This Agreement shall commence on January 1, 2001 and shall continue until June 31, 2002.


PART 3


NO AGENCY
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3.01 Except as specifically provided in this Agreement or authorized by the Company in writing, the Consultant shall not be deemed to be the agent of the Company and shall not be authorized or entitled to contract on behalf of or bind the Company in any dealings with third parties with the exception that as Chief Financial Officer, Dynamotive Corporation, the Consultant may enter into contracts or bind the Company within the authority granted to the Consultant by a resolution approved by the Board of Directors of the Company, from time to time.


PART 4


DUTIES OF THE CONSULTANT
------------------------


4.01 In consideration of the Consulting Fee, the Consultant agrees to provide the services of Mr Ives to carry out and perform the duties and responsibilities in respect to the Appointment that would normally be expected in an organization of the size and nature of the Company and such other services as the Company may from time to time require in connection with the services named herein.


PART 5


CONSULTING FEE
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5.01 In consideration of the performance by the Consultant of its obligations under this Agreement, the Company shall pay to the Consultant, an annual consulting fee of U.S. $135,000 ("Base Consulting Fee") payable in Common Shares on the basis of 15,000 shares at the end of each month having an agreed value of $0.75 per share, during the first 12 months of the agreement. For the balance of 6 months and not less than 30 days prior to the an
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