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Document Preview Consulting Services Agreement |
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Title: |
Consulting Services Agreement |
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Entities: |
Cornell Capital Partners LP; Infrastructure International Inc |
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Date: |
2001 |
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Size: |
Preview shows 5KB of 23KB total |
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Price: |
$33 |
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ID: |
#1596350 |
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CONSULTING SERVICES AGREEMENT
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THIS CONSULTING SERVICES AGREEMENT (the "AGREEMENT") entered into this
19th day of March, 2001,(hereinafter the "EFFECTIVE DATE"), by and between
NEXLAND, INC., a Delaware corporation with its principal office at 1101 Brickell
Avenue, North Tower, 2nd Floor, Miami, Florida 33131 (the "COMPANY"), and
YORKVILLE ADVISORS MANAGEMENT, LLC, a Delaware limited liability company, with
its principal office at 521 Fifth Avenue, 17th Floor, New York, NY 10175 (the
"CONSULTANT").
Company desires to retain the services of Consultant as an independent
contractor to provide certain consulting and advisory services designated below,
and Consultant desires to accept such engagement by Company, pursuant to the
terms and conditions of this Agreement.
In consideration of the representations, warranties, mutual covenants and
agreements set forth herein, the parties agree as follows:
1. SCOPE OF SERVICES
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a. DUTIES AND PERFORMANCE. From time to time during the term of this
Agreement, Consultant shall provide such advisory services relating to the
Company's financial status and capital structure (the "SERVICES") to Company as
Consultant and Company shall agree. In connection with the Services, Consultant
may develop and communicate to Company certain business opportunities with
entities known to Consultant; the Services may include various types of
arrangements, including direct investment into Company.
b. INDEPENDENT CONTRACTOR STATUS. The parties agree that Consultant is
an independent contractor performing Services hereunder and not an employee of
Company. Consultant may use contractors or other third parties of Consultant's
choice to assist Consultant in rendering such Services. Unless otherwise agreed
by Company in writing, Consultant shall be responsible for payment of all
compensation or expenses payable or reimbursable to such third parties. Nothing
herein or in the performance hereof shall imply either a joint venture or
principal and agent relationship between the parties, nor shall either such
relationship be deemed to have arisen under this Agreement.
2. COMPENSATION AND EXPENSES
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a. FINDER'S FEE; NOT A BROKER.
i. In respect of any capital investment in, or debt financing to,
Company which is made recommended or advised upon by Consultant either during
the term of this Agreement or within one year from the termination or expiration
of this Agreement by an entity which was introduced directly or indirectly by
Consultant prior to a termination of the term of this Agreement, Company shall
pay to Consultant or to any person designated by Consultant a fee in an amount
equal to eight and 2/5 percent (8.40%) of the amount, invested or loaned to
Company by Cornell Capital Partners, L.P. If the amount invested in or loaned to
the Company is so invested or loaned in installments pursuant to the Equity Line
of the Credit Agreement dated as of the date hereof between Company and Cornell
Capital Partners, L.P. (the "LINE OF CREDIT AGREEMENT"), then the fee stated in
the preceding sentence shall be paid on each such installment. Company
acknowledges that Consultant is not registered as a broker-dealer under the
Securities Exchange Act of 1934, as amended, and, accordingly, Consultant will
not (i) engage in any effort to sell any securities of Company, (ii) engage in
the negotiation of any proposed transaction; (iii) provide advice as to the
value of the Company or of potential acquisition targets, or any of its or their
securities, or (iv) make any recommendations as to the acquisition of a
potential acquisition target or the purchase or sale of any particular
securities. Payment to Consultant in respect to any Section 2.c. fee shall be
made at the closing of each such transaction, and shall be an express condition
to the closing of any such transaction. Section 2.c. shall survive any
termination of this Agreement.
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