EXHIBIT (LL) - CONSULTING AGREEMENT WITH XXXX X. XXXXXXXX
CONSULTING AGREEMENT
This Agreement is made and entered into on the 12th day of December, 1996,
by and between GOLDEN EAGLE GROUP, INC., a Delaware corporation (hereinafter
referred to as the "Company"), and XXXX X. XXXXXXXX (hereinafter referred to as
the "Consultant").
W I T N E S S E T H :
In consideration of the premises and the respective covenants and
agreements herein set forth, the parties hereto agree as follows:
I.
The Company hereby employs, hires and otherwise contracts with the
Consultant to serve as its independent consultant and the Consultant hereby
accepts such employment with the Company beginning December __, 1996, and ending
at the close of business on November 30, 1997. The Company may terminate this
Agreement sooner in the event of a material breach of this Agreement by
Consultant by providing the Consultant with at least sixty (60) days written
notice of said termination in writing.
II.
During the term of this Agreement, the Consultant shall diligently and
faithfully serve the Company and the advancement of the Company's interests in a
manner consistent with his training, experience and abilities, and as may be
assigned to him from time to time by the President of the Company. The Company
shall pay Consultant as compensation for his services the sum of Eleven thousand
and no/100 Dollars ($11,000.00) per month, as long as this Agreement remains in
effect. For any partial period, said sum shall be pro rated accordingly. The
monthly payment shall be made on the first day of every month.
III.
The Consultant shall, at all times, be and hold himself out to the public
as a consultant working on behalf of the Company. The Consultant is not an
agent, employee, servant, or franchisee of the Company and shall not claim any
rights arising from employee status. There shall be no employment taxes paid by
the Company with regard to the Consultant. The Consultant has the sole
discretion to determine the manner in which the work called for hereunder is to
be performed. Nothing herein contained shall authorize the Consultant to assume
or create any obligation or responsibility whatsoever, expressed or implied, on
behalf, or in the name of, the Company or to bind the Company in any manner
whatsoever.
The Company agrees that Consultant may perform work for third parties as
long as that work is not inconsistent with Consultant's existing non-competition
and confidentiality obligations. If Consultant is requested to work for any of
Company's clients outside of the scope of this Agreement, then Consultant will
pass along such request to Company which may, in its sole discretion, allow
Consultant to perform such work.
IV.
The Company's financial obligations to the Consultant shall be limited to
payment of the Consultant's fees listed in Section II above only. Unless
otherwise agreed to in writing and in advance, all other costs and expenses
incurred by the Consultant when acting as the Company's consultant pursuant to
this Agreement, including the Consultant's time, travel expenses, or other
out-of-pocket expenses, shall be the responsibility of the Consultant; provided,
however, that Consultant shall not be required to undertake any business for the
Company in which the Consultant will incur any out-of-pocket expense unless
Consultant receives prior assurance that any such expense will be reimbursed.
V.
Neither of the parties shall have the right to assign this Agreement, or
any obligations hereunder, without the written consent of the other party except
that upon merger or consolidation or liquidation of the Company with or into
another corporation, or upon the sale or transfer of all or substantially all of
the assets of the Company to another corporation, this Agreement shall be
binding upon such other corporation as though such other corporation had been
named as a party hereto and had actually executed this Agreement.
VI.
Notices and other communications permitted or required hereunder shall be
in writing. Such notices shall be deemed received when (i) delivered by hand in
person, receipt thereof being acknowledged in writing, (ii) telex, cable or
telegraph answer back is received by the sending party from the receiving
party's machine, (iii) the date of signature for receipt by the party of
certified, registered, or couriered mail, or (iv) receipt by the sending party
of a reply telefax confirming receipt by the receiving party of the telefax sent
by the sending party. The respective addresses of the parties for the foregoing
permitted modes of notification shall be as follows:
Golden Eagle Group
Attn: President
000 Xxxxxxxxx Xxxxx
X.X. Xxx 00000 AMF
Xxxxxxx, Xxxxx 00000
Telephone No: 000-000-0000
Facsimile No: 000-000-0000
and
Xxxx X. Xxxxxxxx
0000 Xxxxxxxxx Xxxxxxx
Xxx Xxxxxx, Xxxxxxx 00000
Telephone No: __________________
Facsimile No: __________________
VII.
The Agreement formed hereby is made under, and shall be construed and
interpreted in accordance with the substantive laws of the State of Texas as in
effect on the date hereof, without regard to the otherwise applicable Texas
choice of law rules or principles. Consultant hereby submits to the jurisdiction
of the state and federal courts in the State of Texas and hereby designates the
Secretary of State for the State of Texas as an authorized agent to accept
service of any and all process on behalf of Consultant in the State of Texas and
in connection with this Agreement.
VIII
It is agreed that the parties may treat signed fax copies of this
Agreement as originals until such time as the actual signed originals are
exchanged by the parties.
IN WITNESS WHEREOF, the parties hereto have entered into this Agreement on
the day and year first herein above written.
COMPANY:
GOLDEN EAGLE GROUP, INC.
By: /s/ Xxxxxxx Xxxxxx
Title: President & CEO
CONSULTANT:
/s/ Xxxx X. Xxxxxxxx
XXXX X. XXXXXXXX
