EXHIBIT 10.47
October 31, 2000
Xxxx Xxxxx
Chief Executive Officer
Insynq. Inc.
0000 Xxxxxxxx Xxxxx
Xxxxxx, XX 00000
Dear Xx. Xxxxx:
SUBJECT: CONSULTING AGREEMENT
Insynq, Inc. agrees to engage CFB Associates, Inc. and specifically Xxxxxxx X.
Xxxxxx, CPA to consult on general operational issues of Insynq, Inc. for a
period of three months as Xx. Xxxxxx'x schedule permits. The fee for this
service will be billable at $350 per hour. It is agreed that Xx. Xxxxxx has
provided consulting services with a value of $15,050 before the commencement
date. Consultant is guaranteed a minimum of an additional 86 hours at the rate
of $350 per hour.
$5,000 shall be paid by Insynq, Inc. to CFB Associates, Inc. on the last
business day of each month starting November 30, 2000 for eight consecutive
monthly payments and a final payment on July 31, 2001 of $5,150. Late payments
will incur a late payment penalty of twenty percent of the balance due for each
late payment. This agreement is non-cancelable.
Sincerely,
/s/ Xxxxxxx Xxxxxx
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Xxxxxxx X. Xxxxxx, CPA
CFB Associates, Inc.
The above is acceptable to Insynq, Inc.
/s/ Xxxx X. Xxxxx
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By: Xxxx X. Xxxxx, Chief Executive Officer
Insynq, Inc.
