GLOBAL OFFSHORE MEXICO, S. DE R.L. DE C.V. ADVISORY BOARD PROFESSIONAL SERVICE AGREEMENT between GLOBAL OFFSHORE MEXICO S. de R.L. de C.V. and Mr. Eduardo Francisco Borja Ruy Sanchez
Exhibit 10.7
GLOBAL OFFSHORE MEXICO, S. DE X.X. DE C.V.
ADVISORY BOARD
between
GLOBAL OFFSHORE MEXICO S. de X.X. de C.V.
and
Mr. Xxxxxxx Xxxxxxxxx Xxxxx Xxx Xxxxxxx
Xxxxx 00 x 00 Xx. 000. Col. Tacubaya
Cd. del Xxxxxx, Campeche, Mexico.
C.P. 24180
Tel. (000) 00-0-00-00 Fax: (000) 00-0-00-00
Cd. del Xxxxxx, Campeche, Mexico.
C.P. 24180
Tel. (000) 00-0-00-00 Fax: (000) 00-0-00-00
THIS PROFESSIONAL SERVICE AGREEMENT (the “Agreement”) is made and entered into this the _1st___day
of July, 2009, by and between Global Offshore Mexico S. de X.X. de C.V., a company organized under
the laws of Mexico, having its registered office at Xxxxx 00 x 00 xx. 000, Xxx. Xxxxxxxx, Xx. Del
Xxxxxx, Campeche CP 24180 (“Global”) and Xxxxxxx Xxxxxxxxx Xxxxx Xxx Xxxxxxx a Mexican citizen
whose address is Xxxxx Xxxxxxxx 000 xxxx 0, Xxxxxxxx xxx Xxxxxxxx, Xxxxxx, D.F. CP 01900
(“CONSULTANT”) (collectively Global and CONSULTANT are referred to as the “Parties’ and
individually as “Party”).
W I T N E S S E T H:
WHEREAS, CONSULTANT is a Mexican Citizen duly registered before the Mexican Internal Revenue
Service with Tax ID number BORE 570822 U47
WHEREAS, CONSULTANT is familiar with the commercial procedures, regulations and relevant laws
(the “Law”) applicable to the oil and gas industry in Mexico and Latin America.
WHEREAS, Global desires to hire the services of CONSULTANT as a member of Global’s Latin
American Advisory Board.
WHEREAS, Global desires CONSULTANT to render its services as an advisor to Global’s business
ventures in the oil and gas industry in Mexico and Latin America under the terms and conditions set
forth in this Agreement, in exchange for the compensation set out in Article 3; and
WHEREAS, CONSULTANT desires to render its services to Global as an advisor under the terms and
conditions set forth in this Agreement.
NOW, THEREFORE, for and in consideration of the premises and mutual covenants contained herein
and for other good and valuable consideration the adequacy and sufficiency of which are hereby
acknowledged, the Parties agree as follows:
1. | APPOINTMENT: |
1.1 | Global hereby retains CONSULTANT, upon the terms and condition hereinafter set forth herein, as a non-exclusive advisor on Global’s Latin American Advisory Board (the “Services”). | ||
1.2 | CONSULTANT hereby accepts such appointment and agrees to diligently perform the duties set forth in Article 2 of this Agreement. |
2. | CONSULTANT’S DUTIES: |
2.1 | Global entrusts the Consultant in a non-exclusive manner and the |
17.3 | Special Audit Rights | ||
During the term of this Agreement and for a period of one (1) year thereafter. GLOBAL shall have the right, at its expense, to audit the books and records of the CONSULTANT related to its activities on behalf of or in connection with GLOBAL, including all charges made and services performed by the CONSULTANT pursuant to this Agreement and all payments, whether in kind or in cash, made by the CONSULTANT for or on behalf of GLOBAL. |
18. | SPECIAL PROVISIONS |
18.1 | Further Assurances. Each Party agrees to do all acts and things and to make, execute and deliver such written instruments, as shall from time to time be reasonably required to carry out the terms and provisions of this Agreement. | ||
18.2 | Survival of Indemnity Obligations. Any and all indemnity obligations of either Party shall survive any termination of this Agreement. |
19. | NOTICES: | |
Any and all notices permitted or required under this Agreement shall be in writing and in the English language. Notice shall be made by personal delivery, certified airmail (returned receipt requested), or facsimile. Notice shall be made to the following: |
CONSULTANT:
Xxxxxxx Xxxxxxxxx Xxxxx Xxx Xxxxxxx
Xxxxx Xxxxxxxx 000 xxxx 0
Xxxxxxxx xxx Xxxxxxxx
Xxxxxx, D.F. CP 01900
Xxxxx Xxxxxxxx 000 xxxx 0
Xxxxxxxx xxx Xxxxxxxx
Xxxxxx, D.F. CP 01900
Global: Sven Xxxxxxx Xxxxxxxx Xxxxxxxx
Calle 31 x 42 No. 120
Col. Tacubaya
Cd. Del Xxxxxx, Cmpeche CP 24180
Calle 31 x 42 No. 120
Col. Tacubaya
Cd. Del Xxxxxx, Cmpeche CP 24180
With a copy to:
Global Industries, Ltd.
00000 Xxxxxxxxxx, Xxx 000
Xxxxxxx, Xxxxx
X.X.X. 00000
Fax. (000) 000-0000
Attention: General Counsel.
Global Industries, Ltd.
00000 Xxxxxxxxxx, Xxx 000
Xxxxxxx, Xxxxx
X.X.X. 00000
Fax. (000) 000-0000
Attention: General Counsel.
IN WITNESS WHEREOF, this Agreement is effective as of the day and year first above written.
Global Offshore Mexico S. de X.X. de C.V. |
||||
By: | /s/ Sven Xxxxxxx Xxxxxxxx Xxxxxxxx | |||
Name: | Sven Xxxxxxx Xxxxxxxx Xxxxxxxx | |||
Title: | Country Manager for Mexico | |||
CONSULTANT |
||||
By: | /s/ Xxxxxxx Xxxxxxxxx Xxxxx Xxx Xxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxxx Xxxxx Xxx Xxxxxxx | |||
Title: | Sr. VP — Global Industries, Ltd. | |||