Agassiz Energy, LLC COMPENSATION AGREEMENT FOR CONTACT SERVICES
Exhibit 10.11
COMPENSATION AGREEMENT FOR CONTACT SERVICES
EFFECTIVE DATE: |
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CONTRACTOR NAME:
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Xxxx Xxxxx | |
STREET ADDRESS:
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11220 Tall Timbers Road SW | |
CITY, STATE, AND ZIP:
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Xxxxxxxx, XX 00000 |
Agreement:
| a. | Payment will be made upon receipt and approval of monthly vouchers/expense reports submitted by Contractor to Company. | ||
| b. | Contractor will be paid $25.00 per hour, or pro-rata per fraction thereof, for Services performed. | ||
| c. | Contractor will be paid $56,000.00 cash upon completion and bank funding of a successful equity drive, defined as meeting the goals and requirements of senior lenders to secure financial close. (Estimated to be between 40-45% equity of project costs). | ||
| x. | Xxxxxxx will provide reasonable office supplies to be used in his home office, ie. postage, paper, and folders. | ||
| e. | Contractor will pay all other expenses, which includes mileage, meals, phone, lodging etc. |
/s/ Xxxxxx Xxxxxxxx
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/s/ Xxxx Xxxxx | |||
Agassiz
Chief Manager
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Xxxx Xxxxx | |||
May 4, 2006
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5-4-06 | |||
Date
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Date |
