CONSULTING AGREEMENT
This Consulting Agreement (“Agreement”) is entered into as of October 16, 2012 (the “Effective Date”) by and between MEDL Mobile, Inc., a California corporation (the “Company”) with offices at 00000 Xxxxxxxxx Xxxxxx, Xxxxxxxx Xxxxxx, XX 00000, and FA Corp (the “Consultant”), a Nevada Corporation with a principal address of 0000 Xxxxxxxxxxx Xxxx, Xxx Xxxxx, XX 00000.
The Company desires to retain Consultant as an independent contractor to perform services for the Company, and Consultant is willing to perform such services, on terms set forth more fully below. In consideration of the mutual promises, representations, warranties, covenants and undertakings made herein by each party to the other, the parties agree as follows:
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
8.1 EXCEPT FOR BREACH OF OBLIGATIONS REGARDING CONFIDENTIAL INFORMATION AND COMPENSATION, IN NO EVENT, WILL THE COMPANY BE LIABLE TO CONSULTANT, WHETHER FORESEEABLE OR NOT, FOR ANY INDIRECT, SPECIAL, RELIANCE, INCIDENTAL, PUNITIVE, EXEMPLARY, OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE PERFORMANCE OR BREACH THEREOF, INCLUDING, BUT NOT LIMITED TO LOST PROFITS, REVENUE, GOODWILL, OR ANY DAMAGES OR SUMS PAID TO THIRD PARTIES.
8.2 Consultant recognizes and confirms that in the event of a failure or omission by the Company constituting a breach of its obligations under this Agreement, whether or not material, the damage, if any, caused Consultant is not irreparable or sufficient to entitle Contractor to injunctive or equitable relief, except as to Confidential Information. Consequently, Consultant’s rights and remedies shall be limited to the right, if any, to obtain damages at law and Consultant shall not have any right in such event to rescind this Agreement or any of the rights granted to the Company hereunder or to enjoin or restrain the development, production, advertising, promotion, distribution, exhibition or exploitation of Work Product and/or any of the Company’s rights pursuant to this Agreement.
Page 7
|
a.
|
The Company shall pay immediately upon the effective date of termination, all amounts owing to Consultant for the Services completed prior to the termination date, and related expenses, if any, in accordance with the provisions of Section 1 (Services and Compensation); and
|
|
b.
|
The parties shall meaningfully consult on any remaining work to be performed, as Company deems necessary in its sole discretion. To the extent feasible, Consultant shall immediately deliver any and all Work Product.
|
|
c.
|
Sections 3 (Confidentiality), 4 (Ownership), 5 (Conflicting Obligations), 6 (Additional Representations and Warranties), 7 (Indemnification), 8 (Limitations of Liability and Remedy Limitations), 9.3 (Survival), 10 (Miscellaneous), and 11 (Arbitration) shall survive termination of this Agreement.
|
10.1 Services and Information Prior to Effective Date. All Services performed by Consultant and all information and other materials disclosed between the parties prior to the Effective Date shall be governed by the terms of this Agreement, except where those Services are covered by a separate consulting agreement between Consultant and the Company.
Page 8
Page 9
Governing Law. This Agreement will be interpreted and construed in accordance with the laws of the State of California and the United States of America, without regard to conflict of law principles.
11.1 Arbitration. The parties agree to submit any dispute, claim or controversy among the parties arising out of or relating to this Agreement, whether in contract, tort, equity or otherwise, and whether relating to the meaning, interpretation, effect, validity, performance or enforcement of this Agreement, to a binding arbitration proceeding to be conducted under the auspices and the commercial arbitration rules of the American Arbitration Association (the “AAA”), or any like organization successor thereto then in effect, at the County of Orange, California. This arbitration provision, however, will not deprive the parties of any right they may otherwise have to seek provisional injunctive relief from a court of competent jurisdiction. The arbitration proceeding will be conducted in as expedited a manner as is then permitted by the commercial arbitration rules of the AAA. Both the foregoing agreement of the parties to arbitrate any and all such disputes, claims and controversies, and the results, determinations, findings, judgments and/or awards rendered through any such arbitration will be final and binding on the parties and may be specifically enforced by legal proceedings in any court of competent jurisdiction. Disputes which Consultant agrees to arbitrate, include any statutory claims under state or federal law, including, but not limited to, claims under Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act of 1990, the Age Discrimination in Employment Act of 1967, the Older Workers Benefit Protection Act, the California Fair Employment and Housing Act, the California Labor Code, claims of harassment, discrimination or wrongful termination and any statutory claims. Consultant further understands that this Agreement to arbitrate also applies to any disputes that Company may have with Consultant. The parties understand that they are waiving their right to a jury trial.
11.2 Governing Law. The arbitrator(s) will follow any applicable federal law and California state law with respect to all matters of substantive law in rendering an award.
Remedy. Except as provided by the Rules, arbitration shall be the sole, exclusive and final remedy for any dispute between Consultant and the Company. Accordingly, except as provided for by the Rules, neither Consultant nor the Company will be permitted to pursue court action regarding claims that are subject to arbitration. Notwithstanding, the arbitrator will not have the authority to disregard or refuse to enforce any lawful Company policy, and the arbitrator shall not order or require the Company to adopt a policy not otherwise required by law that the Company has not adopted.
Page 10
Consultant
|
MEDL Mobile, Inc.
|
|||
By:
|
By:
|
|||
FA Corp
|
Xxxxxx Xxxxxx
|
|||
Its:
|
Chief Executive Officer
|
Page 11
EXHIBIT A
STATEMENT OF WORK
Description of Work: Financial Services Consulting
|
1.
|
Assist in development of internal control systems
Create and implement documented system of accounting policies and procedures
Process Accounts Payable and assist with Accounts Receivable collection
Handle bookkeeping
Reconcile bank accounts
Maintain chart of accounts
Process Payroll and Expenses
Options accounting
Approve and review Company budget with CFO
Coordinate annual and quarterly audits
Analyze expenses and communicate financial position to CEO
Accounting, finance and corporate governance related matters
SEC reporting and audit/review related matters
Annual tax return related matters
C. Due Date for Payment of Compensation. The Company will pay payments owed to Consultant in accordance with this Exhibit A within thirty (30) business days of the Company’s receipt of a detailed invoice from Consultant.
D. Payment Address. The Company will send payment to the following address: 0000 Xxxxxxxxxxx Xxxx, Xxx Xxxxx, XX 00000
This Exhibit A is accepted and agreed as of _____________________, 2012.
Page 12
Consultant
|
MEDL Mobile, Inc.
|
|||
By:
|
By:
|
|||
FA Corp
|
Xxxxxx Xxxxxx
|
|||
Its:
|
Chief Executive Officer
|
Page 13