Exhibit 10.0
CONSULTING AGREEMENT
AGREEMENT made this 13th day of October, 2000 by and between Xxxx Xxxxx, and
individual whose address is 00 Xxxxxxx Xxxxx, Xxx 0XX, Xxxxx Xxxxxx, XX
hereinafter referred to as the "Consultant," and Xxxxxxx Global Corp.,
a Delaware corporation, whose principal place of business is located at 000 Xxxx
Xxxxxx, Xxx Xxxx, XX hereinafter referred to as "Company."
WHEREAS, the Company desires to engage the services of the Consultant to perform
for the Company and its subsidiaries regarding matters relating to the
implementation by Globeshare Inc. of computer technology, networking technology
and emerging technologies related to the Internet.
WHEREAS, Consultant desires to consult with the Board of Directors, the officers
of the Company, and the administrative staff, and to advise the company and its
subsidiaries regarding matters relating to the implementation by Globeshare Inc.
of computer technology, networking technology and emerging technologies related
to the Internet.
NOW, THEREFORE, it is agreed as follows:
1. Term. The respective duties and obligations of the contracting parties
shall be for a period of one year commencing on October 12, 2000.
2. Consultations. Consultations. Consultant shall be available to consult with
the Board of Directors and the officers of the Company at reasonable times.
3. Liability. With regard to the services to be performed by the Consultant
pursuant to the terms of this agreement, the Consultant shall not be liable
to the Company, of to anyone who may claim any right due to any
relationship with the Corporation, for any acts or omissions in the
performance of services on the part of the Consultant or on the part of the
agents or employees of the Consultant, except when said acts or omissions
of the Consultant are due to willful misconduct or gross negligence. The
Company shall indemnify and hold the Consultant and the officers, directors
and shareholders of Consultant free and harmless from any obligation,
costs, claims, judgments, attachments arising fees from or growing out of
the services rendered in the Company pursuant to the Company pursuant to
the terms of this agreement or in any way connected with the rendering of
services, except when the same shall arise due to willful misconduct or
gross negligence of the Consultant and the Consultant is adjudged to be
guilty of willful misconduct or gross negligence by a court of competent
jurisdiction.
4. Compensation. The Consultant shall receive upon execution of Agreement,
five hundred thousand(500,000)common shares ("Shares") of the Company, such
shares to be considered fully paid and nonassessable, as consideration for
entering into this Agreement and for the performance of the services to be
rendered to the Company pursuant to the terms of the agreement. The Company
shall promptly register the Shares with the United States Securities and
Exchange Commission on Form S-6.
5. Each of Company and Consultant make the following representations and
warranties: That each of the above mentioned parties have the power and
authority to enter into this Agreement and carry out their obligations
hereunder. No representation or warranty made by any of the above mentioned
parties nor any statement or document furnished by any of the above
mentioned parties will contain any untrue statement of a material fact or
fail to state a material fact.
6. Expenses: Each of the parties hereto shall bear their own expenses
herewith.
7. Modification, Termination, or Waiver: This Agreement may be amended,
modified, superseded, or terminated by mutual consent of all the parties.
The failure of any party at anytime to require performance of any provision
of the Agreement shall in no manner affect the right of such party at a
later time to enforce the same.
8. Arbitration: Any disputes arising among the parties relating to the
Agreement shall be resolved by arbitration. The parties consent that the
sole arbitrator in any such arbitration shall be Xxxxx Xxxxxxxxxx Xxxxxxx,
an individual residing at 000 Xxxxxxxx Xxxxxx, Xxxxxxxxxxxxxxx, XX 00000
and that his decision shall be final and binding upon both parties.
9. Entire Agreement: This Agreement contains the entire Agreement between the
parties with respect to the subject in (?)thereof.
The parties have hereunto executed this Agreement
on the 13th day of October, 2000.
By:
Its:
"Consultant"
By: /s/ Xxxx Xxxxx
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