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Document Preview Business Consulting Services Agreement |
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Title: |
Business Consulting Services Agreement |
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Date: |
2003 |
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Preview shows 5KB of 22KB total |
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Price: |
$41 |
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ID: |
#1248787 |
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BUSINESS CONSULTING SERVICES AGREEMENT
This Consulting Services Agreement (the "Agreement"), is entered into and
effective as of the 1st day of July, 2003 by and between Marc Couturier
(hereinafter referred to as, "Consultant"), and Inyx Canada, Inc., (hereinafter
referred to as, "Client") (collectively referred to herein as the "Parties").
Inyx Canada, Inc. is a subsidiary of a US corporation (Inyx, Inc. or the
"Company").
Preliminary Statement: The Client desires to be assured of the association and
services of the Consultant in order to avail itself of the Consultant's
experience, skills, abilities, knowledge, and background to facilitate Strategic
Business Acquisitions, Business & Corporate Development, Sales & Marketing and
Development of Distribution Channels and is therefore willing to engage
Consultant upon the terms and conditions set forth herein. Consultant desires to
be assured, and Client desires to assure Consultant, that, if Consultant
associates with Client and allocates its resources necessary to provide Client
with its services, Consultant will be paid the consideration described herein
and said consideration will be nonrefundable, regardless of the circumstances.
Consultant agrees to be engaged and retained by Client upon the terms and
conditions set forth herein.
NOW, THEREFORE, in consideration of the foregoing, of the mutual promises
hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties hereto agree as
follows:
1. Engagement
Client hereby engages Consultant on a non-exclusive basis, and Consultant
hereby accepts the engagement to become a business Consultant to Client and
to render such advice, consultation, information, and services to Client
regarding business matters including, but not limited to the following:
Consultant will assist Client in Strategic Business Acquisitions, Business
& Corporate Development, Sales & Marketing and Development of Distribution
Channels.
Consultant, on behalf of Client, will liaise with key customers as
identified by Client.
Consultant, at Client's request, will act as Client's agent and will
generate new sales leads and negotiate new contracts in order to materially
grow the business.
Consultant will assist Client in the development and/or refinement of
company's web site and other marketing information.
Consultant will assist Client in future acquisitions, negotiating terms and
structure, and assisting in due diligence and documentation.
Consultant will assist Client in the development of sales and marketing
plans for new acquisitions and the proper integration of said acquisitions
into the overall corporate strategy and development of distribution
channels.
Notwithstanding that Consultant's services will always be through Client,
Client can direct Consultant to provide services to Client's US parent or
other affiliates of the Company.
Client and Consultant shall mutually agree, in writing, for any additional
duties that Consultant may provide to Client for compensation paid or
payable by Client under this agreement. Although there is no requirement to
do so, such additional agreement(s) may be attached hereto and made part
hereof by written amendments to be listed as "Exhibits" beginning with
"Exhibit A" and initialed by both parties.
2. Compensation to Consultant
(all figures in C$ and GST will be charged in addition to figures shown).
<PAGE>
2.1 Engagement Fee/Signing Bonus. As express consideration for Consultant
entering into this Agreement, Client will pay Consultant $46,500.
2.2 Monthly Compensation. From July 1 to December 31, 2003, Client to pay
Consultant $12,250.00 every month, $6,125.00 on the 15th of the month and
$6,125.00 on the last day of the month. Starting from January 1, 2004,
Consultant and Client to mutually agree on the monthly cash compensation,
said compensation not to be below $10,000 per month.
2.3 Company Stock and Stock Option Plan. Consultant is eligible for receipt of
Stock Options and / or Stocks from time to time at the discretion of the
Compensation Committee of the Company. Stock referred to is Inyx, Inc.
Stock. Therefore Inyx Canada, Inc. will cause parent, Inyx, Inc. to issue
said Stock Options or Stocks to Consultant as the case may be. In the case
of Stock Options, the vesting period of granted Stock Options shall be at
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