Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Consulting Agreement

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Consulting Agreement

Entities:

Holiday RV Superstores, Inc.

Date:

2001

Size:

Preview shows 7KB of 31KB total

Price:

$32

ID:

#1234905

 

 

► Fee Agreements ► Consulting Agreements
► Retail ► Specialty

 

 

Start of Preview


<SEQUENCE>5

<FILENAME>dex1012.txt
<DESCRIPTION>CONSULTING AGREEMENT, STEVEN ANTEBI
<TEXT>
<PAGE>

CONSULTING AGREEMENT

This Consulting Agreement (the "Agreement"), dated as of August 1, 2001, is
entered into between Holiday RV Superstores, Inc. (the "Company"), a Delaware
corporation, and Steven Antebi (the "Consultant"). In consideration of and for
the mutual promises and covenants contained herein, and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the parties
agree as follows:

1. Purpose. The Company hereby engages Consultant as an independent
-------
consultant (and not as an agent, employee, partner or joint venturer) during the
term specified hereinafter to render consulting advice to the Company upon the
terms and conditions as set forth herein.

2. Term. This Agreement commenced effective as of August 1, 2001 through
----
a period ending on July 31, 2003; provided that the Company may terminate this
Agreement at any time for any reason upon the delivery of written notice to the
Consultant 30 days prior to the date of termination (the "Early Termination
Date" and the term of this Agreement as set forth above or as earlier
terminated, the "Term"); and further that the provisions of Sections 4-7 and
12-18, inclusive, will survive termination of this Agreement.

3. Duties of Consultant; Concurrent Appointment as Director.
--------------------------------------------------------

(a) During the Term, Consultant will provide the Company with such
consulting advice as is reasonably requested by the Company with respect to
financial planning and the development of a business plan as is reasonably
requested by the Company. In performing these duties, Consultant will
provide the Company with the benefits of its reasonable judgment and
efforts. Consultant's duties will include, but will not necessarily be
limited to the following:

(i) Advice concerning strategic issues, including alliance
partnerships and joint ventures;
(ii) Advice regarding the implementation of the Company's
goals and plans;
(iii) Advice regarding existing and possible alternative
financial structures for the Company;
(iv) Advice concerning short- and long-range financial
planning;
(v) Advice and assistance regarding corporate finance,
investment banking and capital markets;
(vi) Advice in formulating strategy for mergers and
acquisitions;
(vii) Advice in formulating strategies for asset sales and
purchases; and
(viii) Use of Consultant's commercially reasonable efforts to
comply with all reasonable requests of the Company in
relation to the performance of the duties of the
Consultant hereunder.

(b) In connection with rendering its advice hereunder, Consultant
and its employees and agents will be given reasonable access to the
Company's officers, premises and records.

(c) The Company acknowledges that Consultant's advice and assistance
does not and will not constitute any guarantee or other assurance as to the
ability of the
<PAGE>

Company or of Consultant to accomplish, whether in whole or in part, any
specific goals or plans of the Company.

(d) The Company acknowledges that Consultant retains the right to
provide consulting advice to other parties. Nothing herein contained will
be construed to limit or restrict Consultant in conducting such business
with respect to others, or in rendering advice to others or conducting any
other business; provided, however, that notwithstanding any such consulting
or other business, Consultant shall be available and provide consulting
services to the Company at such times as requested by the Company pursuant
to Section 3(a) above. Notwithstanding the foregoing, during the Term the
Consultant will not provide consulting advice in favor of any other parties
engaged in the same or competing business as the Company without prior
written consent of the Company, other than to affiliates of the Company.

(e) As soon as practicable after the date hereof, the Company's board
may appoint Consultant a director of the Company. Consultant has consented
to such appointment and agreed to serve as a director during the Term. For
the Term Consultant may be appointed as either Vice Chairman or Chairman of
the Board of Directors of the Company. Consultant shall be compensated
separately from this Agreement as a non-employee director of the Company in
accordance with the Company's compensation policies and procedures.

4. Compensation. In consideration for Consultant agreeing to provide and
------------
providing the consulting services to be rendered pursuant to this Agreement, the
Company agrees to issue to Consultant 500,000 restricted shares of common stock
of the Company, subject to adjustment as hereinafter provided (the "Shares"),
and an option (the "Option") to purchase 400,000 shares of common stock of the
Company at an exercise price equal to $3.16 per share (the "Stock Purchase
Price"). The Shares and the Option will be issued to Consultant upon execution
of this Agreement with appropriate restrictive legends to reflect that they have
not been registered under the Securities Act of 1933, as amended (the "Act") and
constitute "restricted securities" within the meaning of the Act and Rule 144
thereunder. The Shares shall vest to Consultant in full on the date hereof and
the Option shall vest as follows: the right to purchase 25,000 shares shall vest
on September 1, 2001, and thereafter the right to purchase 25,000 shares shall
vest on the 15/th/ day of each succeeding month (or if the 15/th/ day of any
such month is not a business day, then the rights vesting in that month shall
vest on the business day immediately prior to the 15/th/ day of that month)
until the balance of the rights to purchase shares under the Option are vested.
The Option shall terminate at 6:00 p.m., Los Angeles time, sixty (60) months
from the date of this Agreement. Notwithstanding the foregoing if (i) there is a
change in control of the Company, (ii) if the Company acquires, is acquired by

 

End of Preview

 

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC