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Consulting Engagement Agreement

 

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Title:

Consulting Engagement Agreement

Entities:

Universal Communication Systems Inc

Date:

2003

Size:

Preview shows 5KB of 28KB total

Price:

$33

ID:

#106918

 

 

► Fee Agreements ► Engagements ► Consulting Engagement Agreements

 

 

Start of Preview


                        CONSULTING ENGAGEMENT AGREEMENT


THIS ENGAGEMENT AGREEMENT made as of the November 2, 2001, by and
between; WORLD WIDE WIRELESS COMMUNICATIONS INC , whos principal place of
business is ; suite 6K 407, Lincoln Road, Miami Beach, Florida 33139_(hereafter
referred to as the "company")

And

OVERSEAS DEVELOPMENT HOLDINGS LIMITED, of Suite 16, 6th floor, 22 Nitza
Boulevard, Netanya Israel, a BVI corporation, represented by Michael J Zwebner
(the "Consultant")

W I T N E S S E T H :

WHEREAS, the Company wishes to assure itself of the services of the
Consultant, and the Consultant wishes to serve the Company, upon the terms and
conditions hereinafter set forth.

NOW, THEREFORE, in consideration of the premises and the mutual
agreements hereinafter set forth, the parties hereto, intending to be legally
bound, hereby agree as follows:

1. Engagement Term.

1.1 The Company agrees to engage the Consultant, and the Consultant agrees to
serve the Company, for the term set forth in Section 1.2, in the position and
with the responsibilities, duties and authority set forth in Section 2 and on
the other terms and conditions set forth in this Agreement.

1.2 The term of the Consultant's engagement under this Agreement shall be for a
period of 3 (three) years, the period commencing on the date hereof and
continuing through the end of October 31st 2004, unless sooner terminated in
accordance with this Agreement.

2. Position, Duties.

The Consultant shall serve as International Consulting Executive of
the Company. The Consultant shall have such duties and
responsibilities as the Chief Executive Officer of the Company, or
his or her designee or successor shall assign to the Consultant.
The Consultant shall perform her duties and responsibilities
hereunder, faithfully and diligently. The Consultant shall report
to the Board of Directors of the Company. The Consultant shall
devote sufficient business time and attention to the performance of
his duties and responsibilities hereunder. The Consultant hereby
represents that he is not bound by any confidentiality agreements or
restrictive covenants which restrict or may restrict his ability to
perform his duties hereunder, and agrees that he will not enter into
any such agreements or covenants during the term of his contract
hereunder, except such restrictive covenants or confidentiality
agreements which are required by the Company.

{PAGE}

2.1 Business Plan / Project

The consultant shall produce an outline "business plan" for the company,
outlining in detail his plans for execution, and this plan shall be presented to
the board of directors for approval. Post approval, the consultant shall
commence the program for implementation. The plan shall be detailed enough to
include recommendations for the restructuring of the corporation, new directors,
management staff, new business opportunities, the identification of potential
merger and or acquisition candidates both US and Overseas, etc.

2.2 Finance

The Consultant shall work with the company and shall use his best efforts to
seek corporate financing from funding entities, at generally acceptable
commercial terms. The company will act in its best efforts and co-operate to
close such financing arrangements.

2.3 Travel requirements

The Consultant shall be expected in the normal course of the execution of his
responsibilities, to travel to places and locations as shall be designated or
required by the company, and the company shall reimburse the Consultant with all
costs and expenses appertaining thereto.

3. Compensation.

3.1 Remuneration - Payment.

During the term of this Agreement, in consideration of the performance by the
Consultant of the services set forth in Section 2 and his observance of the
other covenants set forth herein, the Company shall pay the Consultant (via his
corporation), and the Consultant shall accept, a consulting fee at the rate of
Twenty thousand US dollars per month ($ 20,000) per month, payable in accordance
with the standard payment terms and practices of the Company. Save for the first
month, (November 2001) which shall be paid for in cash, for the balance of the
term, the company may make payment by way of cash and or by S8 issued Stock,
such stock to be issued in accordance with the applicable SEC regulations
pertaining such issuances. In addition to the consulting fee payable hereunder,
the Consultant may be entitled to receive merit increases in payment during the
term hereof in amounts and at such times as shall be mutually determined by the
Chief Executive Officer of the Company and the consultant.

{PAGE}

3.2 Bonus.

In addition to the consulting fee payable pursuant to Section 3.1 above, the

 

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