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Consulting Agreement

 

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Title:

Consulting Agreement

Entities:

Mid-Am Systems Inc

Date:

2004

Size:

Preview shows 3KB of 11KB total

Price:

$36

ID:

#1532605

 

 

► Fee Agreements ► Consulting Agreements

 

 

Start of Preview


                              Consulting Agreement


By and between

Azonic Corporation and David Smardon


This Management Services Agreement (this "Agreement") made as of the 1st day of
October, 2004, by and between AZONIC CORPORATION a Nevada Corporation
(hereinafter "the Company'") and DAVID SMARDON, an individual residing in the
province of Ontario, Canada (hereinafter the "Provider").

WHEREAS, the Company has the need for certain financial, operational and
strategic planning services relating to its operations, including financing and
strategic organizational structuring; and

WHEREAS, the Provider has agreed to provide such financial, operational and
strategic planning services relating to its operations, including financing and
strategic organizational structuring; and

WHEREAS, the Company has agreed to reimburse the Provider for the cost of such
financial, operational and strategic planning services relating to its
operations, including financing and strategic organizational structuring; and

NOW, THEREFORE, for and in consideration of the forgoing and the terms and
conditions contained hereinafter, the parties hereto agree as follows:

1.0 Term.

The initial term of this Agreement shall be for a 2 (two) year period beginning
and effective upon the Provider being elected a director of the Company (the
"Initial Term"); provided, however, that the Company or the Provider may
terminate this Agreement for cause at any time. The Company may also terminate
this Agreement without cause on 90 days prior written notice, provided that the
Company will be obligated to pay the lesser of: a) 6 (six) months fees or b) the
remainder due under the Initial Term (provided that the Company's failure to
renew the Initial Term or any extension thereof shall not constitute a
termination by the Company for purposes of this sentence). This agreement will
automatically renew for successive terms of 1 (one) year unless 60 days prior
written notice is provided to either party of intent to terminate this
agreement. As used herein, "cause" shall mean either the Company's failure to
timely make the payments specified in Section 3.0 hereof or the Provider's
failure to competently perform the services specified in Section 2.0 hereof, as
applicable, in each case after notice from one party to the other setting forth
the grounds on which the initiating party believes that this Agreement should be
terminated for cause and providing the other party with a reasonable opportunity
to cure any such deficiencies to the extent that such deficiencies are curable.

 

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