CONSULTING AGREEMENT
This
Agreement dated for reference the 19th day of October 2006
BETWEEN:
Essentially
Yours Industries, Inc.
0000
Xxxxxxx Xxxxxx
Xxxxxxx,
XX
Ph:
(000)
000-0000 Fax: 000-000-0000
(“EYI”)
AND:
Creative
Life Enterprises Inc.
0000
Xxxxxx Xxxxx Xxxx, #00
Xxx
Xxxxxxx, Xxxxx 00000
Ph:
(000)
000-0000
(the
“Consultant”)
WHEREAS:
A.
|
EYI
is in the business of marketing and distributing health products
including
EYI branded products;
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B.
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EYI
desires to secure the services of the Consultant to provide assistance
to
the Senior Management team in terms of network growth, field leadership
development and such other services and duties as determined from
time to
time by EYI;
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C.
|
Consultant
founded the Executive Counsel and has managed the Executive Counsel
for
the past 10 years; and
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D.
|
The
parties intend this Agreement to set forth their respective rights
and
obligations with respect to the engagement of the Consultant by
EYI.
|
NOW
THEREFORE in
consideration of the mutual covenants herein contained, the parties hereto
agree
as follows:
1.
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APPOINTMENT
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1.1 Appointment
of the Consultant.
Subject
to the following terms and conditions, the Consultant agrees to provide the
Services (defined herein) to EYI and EYI hereby retains the Consultant to
provide the Services. The Consultant covenants and agrees with EYI to discharge
the performance of its obligations under this Agreement honestly, in good faith
and in the best interests of EYI, and in connection therewith shall exercise
the
degree of care, diligence and skill that a reasonably prudent person would
exercise in similar circumstances.
1.2 Services.
The
services to be provided by the Consultant to EYI shall include:
(a)
|
providing
assistance to the Senior Management team in terms of network growth
and
field leadership development; and
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(b)
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such
other services as may be required by EYI from time to time relating
to the
foregoing,
|
(the
"Services").
1.3 Covenants
Regarding Performance of Services.
The
Consultant covenants to EYI as follows:
(a)
|
to
carry out the Services with due diligence and in the best interests
of
EYI;
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(b)
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to
exercise all reasonable effort to provide the services to EYI on
a timely
basis and to perform the services in accordance with good business
practice;
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(c)
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to
comply with all lawful and reasonable directions and instructions
of EYI;
and
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(d)
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to
comply with all laws, ordinances, rules and regulations, which are
applicable to the performance of his or her services hereunder and
to
indemnify and hold EYI harmless from all claims, damages, and expenses
resulting from any failure.
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Under
no
circumstances are the services to be provided by the Consultant under this
Agreement to include services in connection with the offer or sale of securities
in a capital-raising transaction or services that directly or indirectly promote
or maintain a market for EYI Industries Inc.’s securities.
2.
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TERM
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2.1. Term.
This
Agreement shall commence from the date first written above and shall continue
on
a month to month basis thereafter, unless terminated in accordance with the
terms set out herein.
2.2. Automatic
Termination.
This
Agreement shall terminate, without further notice upon:
(a)
|
the
death of the Consultant;
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(b)
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the
winding up or bankruptcy of the
Consultant;
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(c)
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the
Consultant being found guilty of fraud or other serious criminal
offense
or being declared mentally incompetent; or
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(d)
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the
agreement of the parties to so do.
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2.3. Termination
by EYI Without Notice.
EYI may
terminate the engagement of the Consultant without notice if the
Consultant:
(a)
|
is
dishonest in dealing with EYI;
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(b)
|
conducts
himself or herself in a manner which is materially detrimental to
the
business of EYI;
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(c)
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fails
to carry out the services and duties to be performed by it pursuant
to the
provisions of this Agreement;
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(d)
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is
in breach of Section 4 of this
Agreement;
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(e)
|
fails
to act in the best interests of EYI and its shareholders at all material
times during the term of this
Agreement.
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2.4. Termination
with Notice.
Notwithstanding the foregoing either party may terminate this Agreement without
reason, upon thirty (30) days prior written notice.
3.
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REMUNERATION
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3.1.
|
Remuneration.
In
consideration for providing the Services contained in this Agreement,
EYI
shall issue the Consultant 500,000 shares of restricted common stock.
The
shares are not issued for a consideration per share less than the
bid
price of the common stock determined immediately prior to its
issuance.
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4.
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CONFIDENTIALITY
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4.1 Non-disclosure:
The
Consultant will not, either during the term of this Agreement or at any time
thereafter, disclose the terms of this Agreement to any person, other than
their
respective professional advisors.
4.2 Fiduciary
Duties:
The
Consultant hereby acknowledges and agrees that as a result of the sensitive
nature of the information to be learned by or disclosed to the Consultant,
it
stands in a fiduciary relationship with EYI and the Consultant agrees to act
accordingly.
4.3 Confidential
Information.
In this
Agreement, "Confidential Information" means all confidential or proprietary
information, intellectual property (including trade secrets and technology),
customer or client lists, which in any way and at any time have been
communicated to, acquired by, or learned by the Consultant in the course of
or
as a direct or indirect result of the Consultant’s contract with EYI,
including:
(a)
|
computer
software, including, but not limited to, source and abject codes,
flowcharts, algorithms, record layouts, routines, report formats,
data,
compilers, assemblers, design concepts and related documentation,
manuals,
and other materials whether in human or machine readable
form;
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(b)
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Discoveries,
inventions, copyrights, concepts and ideas, whether patentable or
not, and
including, without limitation, the nature and result of research,
development, manufacturing, marketing, planning and any other business
activities;
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(c)
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Product
specifications, designs, manufacturing processes and methods, production
machinery, quality assurance methods, accounting systems, know-how
and any
other proprietary information of any kind
whatsoever;
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(d)
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EYI’s
list of customers, vendors and business associates together with
details
of EYI’s methods of carrying out business;
and
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(e)
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all
data and information acquired or developed by the Consultant during
the
course of work for EYI, including systems and programs proposed for
development, reports or tests and consultations, EYI’s pricing policies,
strategies, forecasts and the terms of any customer or business
contract.
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4.4 Confidentiality
Maintained.
The
Consultant covenants and agrees with EYI during the term of this Agreement
and
at all times after the termination of this Agreement to:
(a)
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keep
all Confidential Information in the strictest
confidence;
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(b)
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treated
all Confidential Information with at least the same level of protection
as
consultant gives its own confidential information of similar nature,
but
no less than a reasonable level of protection.
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(c)
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promptly
notify EYI if the Consultant becomes aware of any unauthorized disclosure
or use of the Confidential
Information
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(d)
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hold
all Confidential Information in trust for EYI;
and
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(e)
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not
to directly, indirectly or in any other
manner:
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(i)
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publish
or in any way participate or assist in the publishing of any Confidential
Information;
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(ii)
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utilize
any Confidential Information, except as may be required for and in
the
course of the business of EYI; and
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(iii)
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disclose
or assist in the disclosure of any Confidential Information to any
person,
firm or corporation.
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4.5 Exemptions
from Confidentiality.
The
provisions of Section 4.4 shall not apply to any Confidential Information
which:
(a)
|
EYI
expressly permits the disclosure of, provided that the disclosure
is made
in compliance with any conditions imposed in connection with the
permission of such disclosure;
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(b)
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is
available to the public or is in the public
domain;
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(c)
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subsequently
becomes part of the public domain through no fault of the Consultant;
or
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(d)
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the
Consultant had knowledge of on the date of this Agreement and which
was
not previously acquired from EYI or from any party having an obligation
of
confidence with EYI.
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4.6 Indemnification.
The
Consultant acknowledges that the Confidential Information is the property of
and
is of economic value to EYI and that disclosure of Confidential Information
to
competitors of EYI or to the general public would be detrimental to EYI and
its
shareholders (whether directly or indirectly as a result of detriment to the
clients or customers of EYI). Accordingly, the Consultant agrees to indemnify
and hold EYI harmless from any loss or damage occasioned by the disclosure
or
use of the Confidential Information by the Consultant contrary to the terms
hereof.
4.7 Return
of the Confidential Information.
All
Confidential Information and all memoranda, notes, lists, records and other
documents (and all copies thereof), including, without limitation, all such
items stored in computer memories, microfiche, on discs or on tapes or by any
other means, made or compiled by or on behalf of the Consultant or made
available to the Consultant concerning the business or affairs of EYI are and
shall be the property of EYI and shall be delivered to EYI by the Consultant
promptly upon the termination of this Agreement or at any other time on the
request of EYI.
4.8 Remedies.
The
Consultant acknowledges that any breach of Section 4 of this Agreement will
cause irreparable harm to EYI and its shareholders, which cannot be calculated
or fully or adequately compensated by recovery of damages alone. Accordingly,
the Consultant agrees that EYI shall be entitled to interim and permanent
injunctive relief, specific performance and other equitable remedies, in
addition to any other relief to which EYI may become entitled. Furthermore,
the
Consultant shall be liable for liquidated damages for any breach of Article
4 of
this Agreement, without restricting any other claims or remedies that may be
available at law or equity against the Consultant.
5.
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GENERAL
PROVISIONS
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5.1 Relationship
of Parties:
The
relationship between the Consultant and EYI shall be that of independent
contractor.
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5.2 Governing
Law:
This
Agreement will be governed by and construed in accordance with the laws of
the
State of Nevada, and the parties agree that all disputes arising hereunder
will
be referred to and settled by the courts of the State of Nevada.
5.3 Notice:
Any
notice required to be given under this Agreement will be in writing and may
be
delivered personally or sent by prepaid registered post addressed to the parties
at the above mentioned addresses or at such other address of which notice may
be
given by such party. Any notice will be deemed to have been received on the
date
of delivery, if personally delivered, and if mailed as aforesaid then on the
third business day following the day of mailing.
5.4 Entire
Agreement:
This
Agreement contains the entire agreement among the parties pertaining to the
subject matter hereof, and supersedes and replaces all previous written and
oral
agreements among the parties with respect to the subject matter
hereof.
5.5 Severability:
If any
provision of this Agreement is held to be unenforceable, the remaining
provisions of this Agreement will be deemed to be valid and
enforceable.
5.6 Enurement:
This
Agreement will enure to the benefit of and be binding upon the parties and
their
respective personal representatives, successors and assigns.
5.7 Assignment:
The
Consultant shall not assign the benefits or obligations arising from the
Agreement without the written consent of EYI.
5.8 Survival
of Obligations:
The
provisions of Section 4 herein will survive the termination of this Agreement,
for any reason.
5.9 Waiver
and Consent:
No
consent or waiver, express or implied, by any party of any breach or default
by
any other party of any or all of its obligations under this Agreement
will:
(i) be
valid
unless it is in writing and stated to be a consent or waiver pursuant to this
section;
(ii) be
relied
upon as a consent or waiver to or of any other breach or default of the
same
or
any other obligation;
(iii) constitute
a general waiver under this Agreement; or
(iv) eliminate
or modify the need for a specific consent or waiver pursuant to this
section
in any other subsequent instance.
6.1 Amendment:
No
amendment of the Agreement nor waiver of any of the terms and provisions hereof
will be valid unless effected by a written amendment signed by both
parties.
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IN
WITNESS WHEREOF,
the
parties hereto have executed this Agreement effective as to the date first
above
written.
ESSENTIALLY YOURS INDUSTRIES, INC. | CREATIVE LIFE ENTERPRISES INC. | ||
/s/ Xxx Xxxxxxxx | /s/ Xxxxx Xxxxx | ||
Xxx Xxxxxxxx |
Xxxxx Xxxxx |
||
President | President |
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