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Consulting Agreement

 

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Title:

Consulting Agreement

Entities:

SGI International

Date:

2001

Size:

Preview shows 3KB of 17KB total

Price:

$34

ID:

#1030144

 

 

► Fee Agreements ► Consulting Agreements
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                              CONSULTING AGREEMENT


This Consulting Agreement ("Agreement") is entered into effective as of the 15th
day of January 1999, by and between SGI International, a Utah corporation (the
"Company") and Jeff Parson ("Consultant").

AGREEMENT

NOW, THEREFORE, in consideration of the agreements, covenants, and conditions
contained herein, Company and Consultant hereby agree as follows:

1. Performance by Consultant. Consultant agrees to provide consulting services
(the "Services") to the Company, including consultation relative to the
performance, data, measurement, analysis, and recommendations as to the
development and improvement of the OCET technology. Services shall also include,
but not be limited to, advice, assistance, and information supplied by
Consultant, or developed with the use of any of Consultant's information,
equipment, personnel, goods or facilities pertaining to the Company and the OCET
technology. The specific tasks will be agreed to in writing by the Company and
Consultant.

2. Payment for Services.

a. Consulting Fee. Company agrees to pay Consultant for the Services at the
rate of _______________ Dollars ($_______) per hour and prorated for less than
one hour.

b. Expenses. Consultant shall be reimbursed for reasonable expenses, including
but not limited to travel, long distance telephone charges, and mileage at the
rate of $.31 a mile.

c. Warrants. At the discretion of the Company's Board of Directors, the Company
may grant Consultant a warrant or warrants for his services provided, however,
that warrants are not issued in lieu of payments pursuant to Section 2(a) or
2(b).

d. Invoices. Consultant shall invoice Company monthly for Services rendered
during the preceding month. The invoice will describe the work performed during
such period, set out the hours of work by day and by task and reflect the
amount and details of any expenses. Consultant agrees that Company may audit
the billing and expense documentation for a period of one year from the date of
the invoice submittal. All invoices will be due and payable by Company within
thirty (30) days after receipt of invoice.

3. Obligations of Consultant.

a. Key Person. Company and Consultant agree that the Services will be performed
personally by Ebbe Skov or his designee provided such designee is approved by
the Company pursuant to Section 12.

b. Consultations, Reports. Consultant agrees upon reasonable advance notice to
make available Ebbe Skov for meetings requested by the Company. If Company
requests it, Consultant shall prepare and submit to Company a monthly written
report setting forth the status of such work performed in a format to be
mutually agreed upon by Consultant and Company.

c. Regeneration of Lost or Damaged Data. Consultant shall, at its own expense,
promptly replace or regenerate any work that does not meet the requirements of
this Agreement including regeneration of new data and reperform any work or
recover damaged data from Consultant's or Company's data sources.

 

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