Consultancy Agreement Between Torbay Holdings, Inc. Suite 205 Mineola NY 11501 And Scott Frickson (Consultant) 11614 Dawn St Eagle River, AK 99577-7861 For services relating to the development of Federal Government Military business: - A total of 1...
Exhibit
10.7
Consultancy
Agreement Between
Torbay
Holdings, Inc.
000
Xxx
Xxxxxxx Xx
Xxxxx
000
Xxxxxxx
XX
00000
And
Xxxxx
Xxxxxxxx (Consultant)
00000
Xxxx Xx
Xxxxx
Xxxxx, XX 00000-0000
For
services relating to the development of Federal Government Military business:
-
A
total
of 1 million shares, in tranches, to be delivered to consultant upon the basis
of:
| 1. |
250,000
shares for entering into this agreement.
|
| 2. |
250,000
shares for arranging and orchestrating meetings with target organizations
within the military wing of Federal Purchasing and/or such organizations
that might have interest in the same.
|
| 3. |
500,000
shares for the successful completion of an agreement, or agreements
relating to item number 2.
|
| 4. |
In
addition a further 3% of the net value, paid within 7 days of settlement,
of Federal Government Military agreements entered into and obtained
under
this agreement for the duration of this agreement.
|
| 5. |
The
duration of this agreement is for a period of 3 years from the effective
date of this agreement.
|
| 6. |
This
agreement may be extended upon the consent of both
parties.
|
| 7. |
Other
agreements seeking to generate business in other branches of the US
Federal Government may be entered into
separately.
|
Effective
Date: September 9, 2006
Signed:
| /s/ Xxxxx Xxxxxxxx | |||
|
Xxxxx Xxxxxxxx. |
|||
| /s/ W.T. Large | |||
|
W. T. Large President
& CEO Torbay Holdings, Inc.
|
|||
