Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Consulting Agreement

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Consulting Agreement

Entities:

Power2ship Inc

Date:

2005

Size:

Preview shows 5KB of 30KB total

Price:

$37

ID:

#1702327

 

 

► Fee Agreements ► Consulting Agreements

 

 

Start of Preview


<SEQUENCE>3

<FILENAME>doc3.txt
<TEXT>


CONSULTING AGREEMENT
--------------------


CONSULTING AGREEMENT (the "Agreement") dated as of the 21 day of March
2005, between POWER2SHIP INTERMODAL, INC., a Delaware corporation ("Company"),
POWER2SHIP, INC., a Nevada corporation ("P2S") and MICHAEL ALLORA, an individual
resident in the State of New Jersey ("Consultant").

R E C I T A L S:

A. Company is a indirect wholly-owned subsidiary of P2S and will
principally be engaged in the business of intermodal transportation (the
"Business");

B. Company desires to engage Consultant to provide the services
hereinafter described relating to the Business;

C. Consultant acknowledges that it has the technical knowledge and
business background and experience to undertake its duties hereunder and will
diligently and faithfully render the services requested by Company; and

D. This Agreement is being entered into in conjunction with the
Company's acquisition of substantially all of the assets of G.F.C., Inc., a
South Carolina corporation, pursuant to the terms of an Asset Purchase Agreement
dated February 16, 2005.

NOW, THEREFORE, in consideration of the terms and the mutual
undertakings contained herein, and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged by the parties, it is
agreed as follows:

1. Term. Subject to the terms and conditions set forth herein, this
----
Agreement shall commence on the date set forth above (the "Effective Date") and
expire on the fifth anniversary of the Effective Date; provided, however, that
this Agreement will automatically be extended for successive, one-year renewal
terms, upon such terms and conditions as may be agreed upon, in writing, by
Company and Consultant, unless earlier terminated as provided herein. Except as
set forth to the contrary, the phrase "the term of this Agreement" shall include
any renewal term(s).

2. Services, Availability of Consultant. Company hereby engages
------------------------------------
Consultant to provide the services herein described (the "Services") and to
faithfully perform his obligations hereunder. Consultant shall report directly
to a designee of the Board of Directors of the Company, and shall perform his
Services at the direction of the Company's Board of Directors. Consultant shall
devote such time and attention to his duties under this Agreement as may be
required in order to faithfully perform his obligations hereunder; it being the
expectation of the parties that Consultant shall devote fifteen hours to his
responsibilities hereunder.

3. Duties. For purposes hereof, the Consultant shall be General
------
Manager of the Company and the Services shall include and the Consultant shall
be responsible for the day to day management of all phases of the Company's
business including

- DOT and other Governmental compliance
- Hiring and supervision of agents
- Hiring and supervision of owner operators
- Accounts receivables
- Accounts payable
- Billing
- Proper payment to agents
- Proper payment to owner operators, and
- Such other matters as may be requested by the President, Chief
Executive Officer or Board of Directors of the Company and agreed to
by Consultant.

<PAGE>

In connection with the Services to be provided by the Consultant to the Company,
Company will provide assistance to the Consultant with respect to IT, legal
issues and financial matters including banking, A/R loan, and accounting and
accounting audits.

4. Compensation. As full compensation hereunder for the faithful
------------
performance of the Services and adherence to the covenants and undertakings of
Consultant under this Agreement:

(a) Company shall pay to Consultant a commission earned on each
anniversary date of the date of this Agreement equal to 5% (payable 1% per year
for 5 years) of the gross revenue of the Company in excess of the actual Company
revenue generated during the prior year as long as Consultant remains General
Manager of the Company pursuant to this Agreement. For the purpose of
calculating the commission on the first anniversary date, it shall be agreed
that actual revenue in the year prior to the date of this Agreement was

 

End of Preview

 

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC