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Consultant Agreement

 

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Title:

Consultant Agreement

Entities:

EFCO, Inc.; Birch Financial Inc.

Date:

2003

Size:

Preview shows 3KB of 13KB total

Price:

$32

ID:

#149050

 

 

► Fee Agreements ► Function ► Consulting (Financial Advice);
► Fee Agreements ► Consultant Agreements

 

 

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                          BIRCH FINANCIAL, INC

CONSULTANT AGREEMENT

BIRCH FINANCIAL, INC. a California Corporation whose registered office is
2100 E. Katella Avenue, Suite 265, Anaheim, CA 92806 hereafter referred to
as the COMPANY, and EFCO, INC., 15722 Kadota Street, Sylmar, CA 91342,
hereinafter referred to as the CONSULTANT, in consideration of the mutual
promises made herein, agree as follows:

ARTICLE I. TERM OF AGREEMENT

SPECIFIC TERM

Section 1.01 ( a ) - The Company hereby agrees to hire EFCO,
INC. as Consultant and EFCO, INC. hereby accepts agreement with Company for
a period of one (1) year beginning January 1, 2003.

Section 1.01 ( b ) - In addition to the term of agreement
specified in Section 1.01 (a), this agreement shall remain in effect until
December 31, 2003 and shall thereafter continue from year to year unless
ninety days prior to the expiration, either party gives notice to the other
that it does not intend to renew this agreement.

Section 1.01 ( c ) - This consulting agreement remains in effect
so long as the President Efraim Donitz is employed by the consultant and is
available to function in the capacity of Financial Manager.

Section 1.01 ( d ) - This agreement may be terminated earlier
as hereinafter provided.

ARICLE II. DUTIES AND OBLIGATIONS OF EFCO, INC.

TITLE AND DESCRIPTION OF DUTIES

Section 2.01 ( a ) - Consultant shall serve as Financial
Manager of BIRCH FINANCIAL, INC. in that capacity, consultant shall do and
perform all services, acts, things necessary or advisable to fulfill the
duties of a corporate Financial Manager. However, consultant shall at all
times be subject to the policies and directions established by the Board of
Directors.

LOYAL AND CONSCIENTIOUS PERFORMANCE OF DUTIES

Section 2.02 ( a ) - Consultant agrees that to the best of their
ability and experience, they will at all times loyally and conscientiously
perform all of the duties and obligations required of them either expressly
or implicitly by the terms of this agreement. However, both the Company and
the Consultant are aware that proper and conscientious discharge of the
duties of the Consultant hereunder will not require Consultant to devote
their entire productive time, ability and attention during the normal work
day to the business of the Company during the term of this agreement. In
addition, it is understood by the Company that the Consultant may elect to
spend up to a total six (6) weeks per year, in increments not to exceed four
(4) continuous weeks, out of the geographical area of the agreement and will
not, during these time periods, be available to discharge usual duties.
However, Consultant during these periods, shall make all reasonable efforts
to stay in contact with the Company by telephone to assist in that manner in

 

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