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Document Preview Consultant Agreement |
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Title: |
Consultant Agreement |
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Entities: |
Immune Response Corp.; CEOcast, Inc. |
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Date: |
2003 |
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Size: |
11KB total |
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Price: |
$36 |
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ID: |
#149023 |
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CONSULTANT AGREEMENT
This Agreement is made and entered into as of the 4th day of June, 2003 between the Immune Response Corporation (the Company) and CEOcast, Inc. (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:
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1. |
Purpose. The Company hereby employs the Consultant during the Term (as defined below) to render Investor Relations services to the Company, upon the terms and conditions as set forth herein. | |
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2. |
Term. This Agreement shall be effective for a three-month period (the Term) commencing on the date hereof. Company shall have the right to terminate on the two-month anniversary of this Agreement. | |
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3. |
Duties of Consultant. During the term of this Agreement, the Consultant shall provide to the Company those services outlined in Exhibit A. Notwithstanding the foregoing, it is understood and acknowledged by the parties that the Consultant: (a) shall perform its analysis and reach its conclusions about the Company independently, and that the Company shall have no involvement therein. | |
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Expenses. The Company, upon receipt of appropriate supporting documentation, shall reimburse the Consultant for any and all reasonable out-of-pocket expenses incurred by it in connection with services requested by the Company, including, but not limited to, all charges for travel, printing costs and other expenses spent on the Companys behalf. The Company shall immediately pay such expenses upon the presentation of invoices. Consultant shall not incur more than $500 in expenses without the express consent of the Company. | |
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5. |
Compensation. For services to be rendered by the Consultant hereunder, the Consultant shall receive from the Company upon the signing of the Agreement: (a) $10,000 (the Retainer), which shall represent the first months payment under the Agreement and (b) 15,000 shares of fully-paid non-assessable stock. In addition, the Company shall pay Consultant on or before the 4th day of July and August, 2003, $10,000 plus expenses outlined in Section 4, unless the Company terminates pursuant to Section 2. Termination of the Agreement will not affect the reimbursement provisions under Section 4. | |
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6. |
Further Agreements. Because of the nature of the services being provided by Consultant hereunder, Consultant acknowledges that if it may receive access to Confidential Information (as defined in Section 6 hereof) and that, as a consultant to the Company, it will attempt to provide advice that serves the best interest of the Company. Because of the uniqueness of this relationship, the Consultant covenants and agrees that, with respect to the Common Stock that it receives. Consultant shall, at all times that it is the beneficial owner of such shares, vote such shares on all matters coming before it as a stockholder of the Company in the same manner as the majority of the Board of Directors of the Company shall recommend.
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