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Consulting Agreement

 

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Title:

Consulting Agreement

Entities:

Smart Energy Solutions, Inc.; Nasdaq Stock Market Inc.

Date:

2005

Size:

Preview shows 5KB of 22KB total

Price:

$39

ID:

#1520504

 

 

► Fee Agreements ► Consulting Agreements
► Financial ► Investment Services

 

 

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                              CONSULTING AGREEMENT


CONSULTING AGREEMENT, effective as of October 3, 2005 (this "Agreement"),
between Peter Mateja, an individual residing at 2129 Kawartha Crescent,
Mississauga, Ontario L5H 3P8 (the "CEO"), and Smart Energy Solutions, Inc., a
Nevada corporation with an office currently at 207 Piaget Avenue, Clifton, NJ
07011 (the "Company").

W I T N E S S E T H :

WHEREAS, the Company and the Board of Directors of the Company desire to
memorialize the engagement of the CEO as its Chief Executive Officer and the CEO
desires to accept such engagement subject to the terms and conditions set forth
in this Agreement.

NOW, THEREFORE, in consideration of the mutual agreements and covenants
set forth herein, the parties hereto agree as follows:

ARTICLE I
POSITION; DUTIES; TERM

Position. The Company hereby engages the CEO as the Chief Executive
Officer of the Company, which engagement the CEO hereby accepts, all in the
capacity and on the terms and conditions hereinafter set forth.

1.2 Duties.

(a) During the Term (as defined below), the CEO shall provide
services as directed by the Board of Directors of the Company (the "Board").

(b) In his capacity as Chief Executive Officer, the CEO shall be a
senior executive officer of the Company with principal responsibility for
controlling the operations of the Company, and he shall perform such duties for
the Company as are consistent with the foregoing. The CEO agrees to use his best
efforts to supply such services in a professional and diligent manner, and to
devote as much time and effort as is necessary to perform such services. The
services to be rendered to the Company by the CEO hereunder shall include,
without limitation, the following: developing and implementing international
manufacturing, sales, marketing and distribution strategies; conducting market
research and assessing the competitive environment to identify international
opportunities; developing business plans for new business development; reviewing
current manufacturing, sales and distribution strategies and proposing changes
to facilitate rapid growth; consulting with management on developing appropriate
marketing strategies; proposing strategies to improve operational efficiencies
of international manufacturing and distribution; analyzing sales, marketing and
distribution goals, and suggesting improvements so as to meet the company's
strategic growth objectives; advising management on establishing manufacturing
agreements and developing a network of international distribution partners; and
preparing growth forecasting reports and presenting findings to management with
respect to domestic and international markets.


<PAGE>

(c) The services to be performed by the CEO shall be commensurate
with the position of the CEO as the most senior executive officer of the
Company. In this connection, during the Term (i) the CEO shall not render
services to or for any other person, firm, corporation or business and (ii)
shall have no interest directly or indirectly in any other person, firm,
corporation or business whose business is directly or indirectly related to or
competitive with the business of the Company; provided, however, the CEO may
own, directly or indirectly, solely as an investment, securities of any entity
which are traded on any national securities exchange or which are admitted to
quotation on The NASDAQ Stock Market Inc. if the CEO (a) is not a controlling
person of, or a member of a group which controls, such entity and (b) does not,
directly or indirectly, own one percent or more of any class of securities of
such entity. Notwithstanding the foregoing, so long as it does not interfere
with his engagement hereunder, the CEO may attend to outside investments and
serve as a director, trustee or officer of or otherwise participate in

 

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