COOPER GLOBAL VENTURES, LLC CONSULTING AGREEMENT
XXXXXX
GLOBAL VENTURES, LLC CONSULTING AGREEMENT
THIS
AGREEMENT is made this 2nd day
of August 2007, by and between Global Smoothie Supply, Inc. a Texas Corporation
whose principal office is located at 0000 Xxxxxxxxxx Xxxx., Xxxxxx, Xxxxx 00000
(hereinafter referred to as the "Company") and Xxxxxx Global Ventures, LLC a
Texas Corporation whose principal office address is 00000 Xxxxx Xxxxxx Xxxxxxx,
Xxxxxx, Xxxxx 00000 (hereinafter referred to as "Consultant").
WHEREAS,
Company is a manufacturer of lines of consumer food and beverage products
capable of sale in the convenience store class of trade;
WHEREAS,
Consultant is in the business of representing manufacturers such as the Company
as an independent sales representative in the convenience store class of trade
within an assigned territory; and
WHEREAS,
Company desires to appoint Consultant as its independent sales representative
and Consultant desires to accept such appointment on the terms and conditions
described herein below.
NOW
THEREFORE, in consideration of the mutual promises and agreements herein
contained, including the recitals set forth hereinabove, Company and Consultant
mutually agree as follows:
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1.
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The
Company hereby appoints Consultant as its non-exclusive independent sales
representative to solicit orders for the sale of Company's products to
customers and potential. customers operating within the convenience store
class of trade and located within the territory described in Exhibit "Au
attached hereto and incorporated herein (the "Territory") for all purposes
and Consultant hereby accepts such
appointment.
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2.
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The
Consultant agrees to actively promote the sale of the Company's products
and the solicitation of orders to the convenience store class of trade
customers and potential customers located within the assigned
Territory.
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3.
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In
the solicitation of orders the Consultant shall adhere to the prices,
terms and conditions as specified in writing by the Company from time to
time. The Company, at all limes, reserves the right to establish,
maintain, and approve any and all lines of credit and payment terms
extended to Customers. Therefore, Consultant assumes no liability for bad
debts of customers solicited by
Consultant.
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4.
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The
Consultant shall promptly communicate to the Company all orders that it
solicits for the Company. The Company shall be responsible for billing all
customers located within the Territory. The Company shall promptly provide
Consultant with a copy of all billing invoices submitted by the Company to
customers in the convenience store line of trade and located within the
assigned Territory. Consultant shall have no responsibility for billing or
collections from customers.
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5.
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The
Company and Consultant agree that Consultant shall not be the exclusive
sales representative appointed for the assigned Territory by the
Company.
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6.
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As
compensation for Consultant's services hereunder the Company agrees to pay
a retainer fee of $6000.00
per month for 12 months from the beginning date fifty (50)
self-serve smoothie blenders designated by the Company are shipped to one
or more convenience retail chains of at least 50 stores by the Company to
customers operating within the convenience store line of trade and located
within the assigned Territory or upon receipt by the Company of funding in
the amount of not less than $1,600,000, whichever first occurs. As
additional compensation for Consultant's services hereunder Company agrees
to pay Consultant an initial performance bonus in accordance with the
provisions of Exhibit "B" attached hereon incorporated herein by reference
for all purposes.
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In
addition to the foregoing, Company agrees to reimburse Consultant's reasonable
travel and other expenses related to his efforts on behalf of the Company and
approved in writing in advance.
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7.
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The
parties intend that Consultant, in performing the sales representative
services described herein, shall act as an independent contractor. As
such, Consultant, subject to the limitations and requirements imposed by
this Agreement and by law, is free to exercise independent judgment and
discretion in the conduct of its business as independent sales
representative for the Company and is free to devote whatever time and
resources it deems necessary to fulfill its obligations hereunder.
Therefore, the individuals employed by the Consultant shall not be deemed
employees of the Company and nothing contained herein shall be interpreted
as creating a partnership or joint venture relationship between Company
and Consultant.
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The
authority of the Consultant shall extend no further than as stated in this
Agreement. The Consultant hereby agrees that it will not represent itself as
having any authority to bind or contract for the Company for any purpose in
excess of that specifically stated herein. Recipient agrees that, for a period
of one year from the termination date hereof, it will not separately contact,
negotiate or attempt to negotiate with, on a direct or indirect basis, or
otherwise circumvent Company with respect to the sale of its services or
products similar to Company's to Customers, nor cause the Customers to change
contractual or commercial negotiations, proposals or commercial arrangements
which it may have with Company or which Company may have or propose to have with
Customers, including any contractual add-ons, third party assigns, renewals,
renegotiations, extensions, overages or parallel contracts, without first
obtaining Company's prior written consent.
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8.
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9.
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If
any claim or action be made or filed against Consultant, claiming loss or
injury of any nature whatsoever, as a result of defect in any merchandise,
purchase, or use of any product manufactured, produced or distributed by
Company, Company will indemnify, defend and hold harmless Consultant, its
subsidiary and affiliated corporations, and their respective directors,
officers, employees and agents from and against any and all claims,
liabilities, losses, damages, injuries, demands, actions, causes of
action, suits proceeding, judgments and expenses, including, without
limitation, reasonable attorney's fees, court costs and other legal
expenses for damage or injury arising out of or resulting from such claim
of defective merchandise.
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10.
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This
Agreement shall be effective as of the 2nd
day of, August, 2007 and monthly fee payments shall begin as described
above. Thereafter this Agreement shall continue until terminated by either
party as provided hereinafter. Either party to this Agreement shall have
the right to terminate this Agreement as of the end of any month by
providing the other party with written notice not less than sixty (60)
days prior to the proposed termination date. In the event that the Company
or Consultant provides notice of termination pursuant to this paragraph,
the Company agrees to pay the retainer fee pro-rated as of the date of
termination within 60 days of such
notice.
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11.
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The
terms of this Consultant Agreement shall be interpreted in accordance with
the Laws of the State of Texas.
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12.
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The
Agreement constitutes the entire Agreement between the parties hereto and
cancels and supersedes any and all prior agreements, oral or written, made
between the parties hereto, and can only by modified by an agreement in
writing, signed by all applicable
parties.
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13.
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Any
notice or communication required or permitted hereunder shall be
sufficient if sent by registered or certified mail, postage prepaid, or
facsimile transmission addressed as
follows:
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IF TO
COMPANY
Xxxxx X Xxxxxx, Chairman
& CEO
0000 Xxxxxxxxxx Xxxx.,
Xxxxxx XX 00000
Telephone: (214)
769-re36
Facsimile: (000)
000-0000
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IF TO
CONSULTANT:
Xxxxx
Xxxxxx
President
Xxxxxx Global Ventures,
LLC
00000 Xxxxx Xxxxxx Xxxxxxx,
Xxxxx 0000
Xxxxxx, XX
00000
Telephone: (000)
000-0000
Facsimile: (000)
000-0000
or to
such other address as shall be furnished in writing be either party to the
other, and any notice or communication shall be deemed to have been given as of
the date so mailed or transmitted.
IT
WITNESS WHEREOF, the parties have executed this Agreement to be effective on the
day and year first above written.
Xxxxxx
Global Ventures, LLC
By: /s/ Xxxxx
Xxxxxx
Its:
President
By: /s/ Xxxxx X.
Xxxxxx
Its:
Chairman & CEO
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EXHIBIT
“A”
ASSIGNED
TERRITORY
Convenience
Store Class of Trade - United States of America, Canada
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