CONSULTING AGREEMENT
AGREEMENT made this 31st day of March, 2000, by and between JP, Inc., a
consulting firm domiciled in the State of Utah hereinafter referred to as the
"Consultant", and eSafetyWorld, Inc. whose principal place of business is
located at in East Setauket, New York hereinafter referred to as "Company."
WHEREAS, the Company desires to engage the services of the Consultant to
perform consulting services for the Company regarding as an independent
contractor and not as an employee; and
WHEREAS, Consultant desires to consult with the Board of Directors, the
officers of the Company, and the administrative staff, and to undertake for the
Company consultation as to the direction of certain functions in said management
of;
NOW, THEREFORE, it is agreed as follows:
1. Term. The respective duties and obligations of the contracting parties
shall be for a period of three years commencing on April 1, 2000, and may
be terminated by either party after three years by giving ninety (90) days'
written notice to the other party at the addresses stated above or at an
address chosen subsequent to the execution of this agreement and duly
communicated to the party giving notice. This Agreement shall automatically
renew each year thereafter, unless either party gives sixty (60) days
written notice to the other party of his intent not to renew for an
additional period.
2. Consultations. Consultant shall be available to consult with the Board of
Directors, the officers of the Company, and the heads of the administrative
staff, at reasonable times, concerning matters pertaining to the
organization of the administrative staff, the fiscal policies of the
Company, the relationship of the Company with its employees or with any
organization representing its employees, and, in general, the important
problems of concern in the business affairs of the Company. Consultant
shall not represent the Company, its Board of Directors, its officers or
any other members of the Company in any transactions or communications nor
shall Consultant make claim to do so. It is understood that all substantive
work performed by Consultant will be performed by or supervised by R. Xxxx
Xxxxxxx.
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, or 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 hold the Consultant free and harmless from
any obligations, costs, claims, judgments, attorneys' fees, and attachments
arising from or growing out of the services rendered 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 the 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 compensation from the Company
for the performance of the services to rendered to the Company pursuant to
the terms of the agreement of not less than $120,000 per annum payable in
biweekly installments. In addition, the Company shall reimburse the
Consultant for any reasonable out of pocket expenses incurred by the
Consultant pursuant to the terms of this agreement. Consultant shall be
paid a bonus or success fee, as determined by the Board of Directors or the
Compensation Committee thereof, for strategic acquisitions or mergers in
which Consultant participates.
5. Arbitration. Any controversy or claim arising out of or relating to this
contract, or the breach thereof, shall be settled by arbitration in
accordance of the rules of the American Arbitration Association, and
judgment upon the award rendered by the arbitrator(s) shall be entered in
any court having jurisdiction thereof. For that purpose, the parties hereto
consent to the jurisdiction and venue of an appropriate court located in
Suffolk County, State of New York. In the event that litigation results
from or arises out of this Agreement or the performance thereof, the
parties agree to reimburse the prevailing party's reasonable attorney's
fees, court costs, and all other expenses, whether or not taxable by the
court as costs, in addition to any other relief to which the prevailing
party may be entitled. In such event, no action shall be entertained by
said court or any court of competent jurisdiction if filed more than one
year subsequent to the date the cause(s) of action actually accrued
regardless of whether damages were otherwise as of said time calculable.
IN WITNESS WHEREOF, the parties have hereunto executed this Agreement on
the 31st day of March, 2000.
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eSAFETYWORLD, Inc.
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By: Xxxxxx Xxxx
Its: CEO & President
JP, Inc.
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By: Xxxx Xxxxxxx
