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Document Preview Advisory Agreement |
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Title: |
Advisory Agreement |
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Entities: |
Investco Corp.; U.S. West Homes, Inc.; Gary W. Zinn |
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Date: |
2003 |
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Size: |
Preview shows 4KB of 21KB total |
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Price: |
$35 |
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ID: |
#269222 |
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ADVISORY AGREEMENT
THIS ADVISORY AGREEMENT ("Agreement") is made this 14th day of February
2003, by and between Gary W. Zinn, doing business as MediaOne a California sole
proprietorship ("Advisor") and U.S. West Homes Inc., a Nevada corporation (the
"Company").
WHEREAS, Advisor and Advisor's Personnel (as defined below) have
experience in evaluating and effecting mergers and acquisitions, supervising
corporate management, and in performing general administrative duties for
publicly-held companies and development stage investment ventures; and
WHEREAS, the Company desires to retain Advisor to advise and assist the
Company in its development on the terms and conditions set forth below.
NOW, THEREFORE, in consideration of the mutual promises, covenants and
agreements contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Company and Advisor
agree as follows:
1. ENGAGEMENT
The Company hereby retains Advisor, effective the date hereof and
continuing until termination, as provided herein, to assist the Company
in it's effecting the purchase of businesses and assets relative to its
business and growth strategy (the "Services"). The Services are to be
provided on a "best efforts" basis directly and through others employed
or retained and under the direction of Advisor ("Advisor's Personnel");
PROVIDED, HOWEVER, that the Services shall expressly exclude all legal
advice, accounting services or other services which require licenses or
certification which Advisor may not have.
2. TERM
This Agreement shall have an initial term of ninety (90) days (the
"Primary Term"). At the conclusion of the Primary Term this Agreement
will automatically be extended on a month to month basis (the
"Extension Period") unless Advisor or the Company shall serve written
notice on the other party terminating the Agreement. Any notice to
terminate given hereunder shall be in writing and shall be delivered at
least thirty (30) days prior to the end of the Primary Term or any
subsequent Extension Period.
3. TIME AND EFFORT OF ADVISOR
Advisor shall allocate time and Advisor's Personnel as it deems
necessary to provide the Services. The particular amount of time may
vary from day to day or week to week. Except as otherwise agreed,
Advisor's monthly statement identifying, in general, tasks performed
for the Company shall be conclusive evidence that the Services have
been performed. Additionally, in the absence of willful misfeasance,
bad faith, negligence or reckless disregard for the obligations or
duties hereunder by Advisor, neither Advisor nor Advisor's Personnel
shall be liable to the Company or any of its shareholders for any act
or omission in the course of or connected with rendering the Services,
including but not limited to losses that may be sustained in any
corporate act in any subsequent Business Opportunity (as defined
herein), on behalf of the Company, or financing transaction where the
Company provides capital for an interest or rights to a particular
Business Opportunity, or any financial restructuring undertaken by the
Company as a result of advice provided by Advisor or Advisor's
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