EXHIBIT 10.14
CORPORATE DEVELOPMENT AGREEMENT
BETWEEN
GLOBAL INTEGRATED BUSINESS SOLUTIONS, INC.
&
DELTA INTERNATIONAL MINING AND EXPLORATION, INC.
THIS CONSULTING AGREEMENT (the "Agreement") is made and entered into
August 9, 2002 between GLOBAL INTEGRATED BUSINESS SOLUTIONS, INC. ("GLOBAL") and
DELTA INTERNATIONAL MINING AND EXPLORATION, INC. ("DELTA").
WHEREAS, DELTA desires to retain GLOBAL to provide various consulting
and financial services for the benefit of DELTA that shall be completed on a
best efforts basis, including but not limited to; advice on SB-2 registration
and strategic positioning.
In consideration of the mutual covenants and agreements herein, DELTA
and GLOBAL agree as follows. DELTA desires to retain the services of GLOBAL as
an independent consultant and GLOBAL desires to be retained in that capacity
upon the terms and conditions herein set forth, the receipt and sufficiency of
which are hereby acknowledged.
1) REPRESENTATIONS
a. DELTA will provide all reasonable and relevant documentation and
information.
b. GLOBAL does not assume any responsibility for the accuracy,
completeness or integrity of the information provided to GLOBAL by DELTA.
2) EXPENSES & COMPENSATION
a. GLOBAL will receive a retainer of six thousand (6,000) dollars per
month payable on the first of each month for a ninety (90) day period;
b. DELTA shall pay all future expenses for services provided in
connection with GLOBAL's efforts. These expenses are to be mutually agreed upon
in advance of incurrence by GLOBAL and DELTA. These expenses are estimated to be
no more than ten thousand (10,000) dollars in the ninety (90) day period;
3) CURRENCY
All dollar amounts discussed herein are in U.S. funds.
4) DISCLOSURE AND NON-CIRCUMVENTION
In consideration of the confidential nature of the business of DELTA and
GLOBAL, the respective companies agree not to disclose or otherwise reveal to
any third party any information pertaining to either DELTA or GLOBAL'S clients
without prior written permission, except as may be required by law.
5) NATURE OF RELATIONSHIP
It is understood and acknowledged by the parties that GLOBAL is being
retained by DELTA in an independent capacity and that GLOBAL is not authorized
to enter into any agreement or incur any obligation on behalf of DELTA.
6) ARBITRATION
If a dispute should arise under any of the terms of the Agreement, both
parties agree to submit the matter to binding arbitration according to the rules
of the American Arbitration Association. A request by either party for
arbitration shall be binding on the other. The arbitration shall be held in New
York.
7) WAIVER AND MODIFICATION
Any waiver, alteration or modification of any covenant of the Agreement
must be agreed to in writing by the parties heretofore. In the event the parties
to the Agreement consent to waive such covenant, waiver shall not affect any
other covenant with respect to the Agreement
8) ENTIRE AGREEMENT
The Agreement constitutes and embodies the entire understanding and
agreement of the parties and shall supersede and replace all prior
understandings, agreements, and negotiations between the parties.
9) TERM
The term of this Agreement shall be for ninety (90) days and shall
automatically renew for a following ninety (90) days unless terminated earlier
as per the termination clause contained herein.
10) TERMINATION
DELTA may at any time terminate the Agreement by written notice to
GLOBAL. GLOBAL shall be entitled to all monies to the extent earned as of the
termination date and not paid under the terms of the Agreement and shall be paid
within 30 days of the termination of the Agreement.
IN WITNESS WHERETO, the parties herein have duly executed and delivered
this agreement as of the day and year noted in the Agreement.
GLOBAL BUSINESS INTEGRATED SOLUTIONS, INC. DELTA INTERNATIONAL MINING AND EXPLORATION, INC.
/s/ Xxxxxx Xxxxx /s/ Xxxx Xxxx
------------------------------------------ -------------------------------------------------
Xxxxxx Xxxxx Xxxx Xxxx, President
Global Business Integrated Solutions, Inc. Delta International Mining and Exploration, Inc.
000 Xxxxxx Xxxx 0000 X. Xxxxx Xxxxx, Xxxxx 000
Xxx Xxxx, Xxx Xxxx 00000 Xxxxxxxxxx, Xxxxxxx 00000
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