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Title: |
Consulting Agreement |
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Date: |
2002 |
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Preview shows 4KB of 21KB total |
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Price: |
$43 |
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ID: |
#1264154 |
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February 1, 2001, by and between
TradinGear.com, Inc. and Kim Hemphill
CONSULTING AGREEMENT
THIS CONSULTING AGREEMENT, made as of the 1st day of February, 2001, by and
between TradinGear.com, Inc., a New York corporation, ("Company"), with its
principal offices located at 39 Broadway, Suite 740, New York, New York 10006
and Kim Hemphill, located at 16006 East Jacobs Road, Spokane, Washington 99217
("Consultant").
W I T N E S E T H:
BACKGROUND. Consultant is expert in business consulting, including the
development and implementation of a business plan and the Company is
desirous of obtaining the services of Consultant and Consultant is willing to
consult with the Company on the terms and conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and
agreements contained herein, the parties hereto intending to be legally bound
hereby agree as follows:
1. Certain Definitions. As used in this Agreement, the following terms shall
have the following meanings:
(a) "Agreement" means this Consulting Agreement, as the same may, from
time to time, be amended in accordance with the provisions hereof.
(b) "Cause" means, with respect to the Consultant, any:
(i) Act of dishonesty;
(ii) Act of malfeasance;
(iii) Action taken in knowing contradiction to the best
interests of the Company;
(iv) Commission of a "Prohibited Act" as defined herein;
(v) Refusal to perform job functions reasonably required of
the Consultant under this Agreement; or
(vi) Any other act which has a direct, substantial and
adverse effect on the Company's reputation or business.
(c) "Company" means and includes TradinGear.com, Inc. and all of its
subsidiaries and the respective successors and assigns of the Company and such
subsidiaries, whether now or hereafter existing.
(d) "Competing Organization" means any person or legal entity engaged
in, about to engage in, or intending to engage in, research, or development,
of computer software for use in the securities industry.
(e) "Customer" means any individual, firm, partnership, corporation,
company, joint venture or governmental or military unit or any other entity or
any parent, subsidiary or affiliate of any of them which deals in, or is
negotiating or has a contract with the Company for the purchase of, any of the
Company's products or services.
(g) "Secret or Confidential Information" means any unpublished ideas or
any compilations of information kept confidential by the Company in the
operation of its business and which gives or can give to the Company an
advantage over its competitors, including, by way of illustration but not
limitation: programming, software development, agreements, memoranda, cost and
financial data, procedures, customer lists, marketing plans and business
forecasts.
(h) "Prohibited Act" means participating in any capital-raising
transaction on behalf of the Company, or directly or indirectly promoting or
maintaining a market for the Company's securities.
(i) "Term" means the two (2) year period beginning on the date hereof.
2. Engagement of Consultant. The Company hereby appoints and engages
Consultant as a consultant and advisor with respect to the matters, and for
the activities, specified in Paragraph 3 hereof, for the Term set forth in
Paragraph l(i) above and for the compensation payable as set forth in
Paragraph 7 hereof. Consultant hereby accepts the aforesaid appointment and
engagement in consideration of the aforesaid compensation. Company may
terminate the engagement of Consultant at any time for Cause as defined
herein.
3. Scope of Services. Consultant agrees that, throughout the Term, he shall
provide such consulting services and advice pertaining to the development and
implementation of the Company's business plan, as and when the Company may
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