Sales and Marketing Agency Agreement
Sales and Marketing Agency Agreement
This letter of agreement is between Power Grow System Ltd., (the “Company”) doing business at 108, 0000 Xxxxxxxx Xx. Xxxxxxxxx, B.C and C&CB Concept & Communication Business Inc., (the “Contractor”) doing business at 303, 0000 Xxxxxx Xxx., Xxxx Xxxxxxxxx, XX. The Company and the Contractor wish to enter into this exclusive Sales and Marketing Agency Agreement for the global sales and marketing of the Company’s hydroponics plant growing equipment.
It is understood, agreed and relied upon that the contractor, in the performance of his duties and responsibilities described herein, will engage the services of Xxxxx Xxxxxxx (the “Agent”), and others when necessary, to act exclusively as the Sales Representative to market the Company’s hydroponics plant growing equipment.
Duties and Responsibilities of the Contractor:
| 1. |
On an exclusive basis, sell the Company’s
hydroponics plant growing equipment units within pricing parameters and
timetables established by the Company. All sales, organizational and marketing
activities, will be carried out according to Company’s policy and
strategy. |
|
| 2. |
Hire additional sales representatives,
when and if required and with the Company’s prior approval assist
all sales representatives in the performance of their duties. |
|
| 3. |
Generate and maintain qualified leads
from local and international relevant associations, magazines, trade organizations
and existing personal data. |
|
| 4. |
Maintain accurate data of leads generating,
sales and marketing activities and provide reports to the company and
its General Manager on a monthly basis regarding marketing progress as
well as consult with company’s officials on sales and marketing strategies. |
|
| 5. |
Maintain communication with other company’s
departments, i. e.: research and development, manufacturing, shipping,
administration, accounting, etc. to insure smooth flow and exchange of
information. |
|
| 6. |
Devote sufficient time to the Business
of the company and, when necessary, work additional hours for the performance
of the services described herein. The contractor and the agent, as a representatives
for the company, shall provide the services in a proper, loyal, diligent,
efficient, professional manner and, at all times, shall use their best
efforts to maintain and promote the best interest of the company. |
|
| 7. | During the Term of the Agreement the
Contractor will act as President, Chief Executive Officer and Director
of the Company. |
Terms of the Agreement:
| 1. | Duration of this agreement shall be for a period
of three years commencing on the 1st day of January 2003 and
terminating on the 30tht day of Jan 2006. On the date of termination,
the parties to this agreement will have the option to renew this agreement,
for an additional six months, according to the same terms and conditions
described herein, or as they may be renegotiated by both parties to the
agreement. |
(2)
| 2. | The agreement may be terminated by either party,
with cause, at any time or in the event the Contractor breach the terms
and conditions described herein during the entire duration of the agreement
by giving 30 days written notice. |
Compensation:
| 1. |
Compensation for the contractor services
shall be CDN $4,500 a month, commencing on the effective date of this
agreement and paid at the end of each month for the duration of the agreement |
|
| 2. | Additionally, the Company will provide
the contractor with a Leased Vehicle and reimburse the contractor for
any reasonable expenses, relating to telephone, travel, courier incurred
by him during the performance of his duties. Invoices for these expenses
shall be submitted to the company on a monthly basis. |
General conditions:
| 1. |
This agreement evidences the entire
agreement between the parties and cannot be changed, modified or altered
without the written consent by both parties. |
|
| 2. | This agreement shall inure for the benefit
of both the undersigned parties and shall be governed and construed in
accordance with the laws of the province of British Columbia |
Signed, sealed and delivered on the 1st day of January 2003.
By:
Per: “Nick Brusatore”
Power Grow System Ltd.
Per: “Xxxxx Xxxxxxx”
C&CB Concept & Communication Business Inc.
“Xxxxx Xxxxxxx”
Xxxxx Xxxxxxx
