CONSULTING AGREEMENT
EXHIBIT 4(b) 5
THIS AGREEMENT is effective as of January 1, 2003.
BETWEEN
XxxxxxxXxxxxXxx.xxx Inc.
X.X. Xxx 0000, xxx Xxxxxxx Xxxx.,
Xxxx Xxxxxx, Xxxxxx Xxxx
Grand Cayman, Cayman Islands
("XxxxxxxXxxxxXxx.xxx")
AND
GOLDPAC INVESTMENT PARTNERS LTD in B.V. I.
("Goldpac")
WHEREAS XxxxxxxXxxxxXxx.xxx and Goldpac are desirous of setting out the terms
and conditions of their service relationship.
NOW THEREFORE THIS AGREEMENT WITNESSES that the parties agree as follows:
1. Services
Goldpac offers consulting services to XxxxxxxXxxxxXxx.xxx related to corporate development, market development and technical support for the period from January 1, 2003 to December 31, 2003.
2. Fees
Goldpac charges XxxxxxxXxxxxXxx.xxx Inc. USD 2,000 per month for the consulting services to be provided from January 1, 2003 to December 31, 2003.
3. Responsibilities of Goldpac
Goldpac's duties under this Agreement are as follows:
|
(i) |
Goldpac will use its best efforts to provide advice and support to XxxxxxxXxxxxXxx.xxx related to market development, corporate issues and technology building during the above said period. |
|
(ii) |
Goldpac will keep XxxxxxxXxxxxXxx.xxx informed as to any problems encountered and as to any solutions found for those problems. |
|
(iii) |
Goldpac will keep all the trade information and information obtained during the course of consulting XxxxxxxXxxxxXxx.xxx intact, confidential. |
4. Responsibilities of XxxxxxxXxxxxXxx.xxx
XxxxxxxXxxxxXxx.xxx's duties under this Agreement are as follows:
|
(i) |
XxxxxxxXxxxxXxx.xxx will provide all the necessary information for Goldpac to perform its consulting services and without hiding of any information. |
|
(ii) |
XxxxxxxXxxxxXxx.xxx will pay for all the necessary expenses incurred during the course of Goldpac performing the consulting services. |
5. Termination
This agreement may be terminated by either party with a reasonable notice in advance and have a mutual consensus of both parties.
6. Amendment
This Agreement may be altered, modified or amend by writing, with mutual
consensus from both parties and sign by both parties.
7. Assignment
Nether party to this agreement may assign or delegate its duties under this agreement without the prior written consent of the other.
8. Entire Agreement
This agreement, including all schedules (if any) hereto, constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior or simultaneous representations, discussions, negotiations and agreements, whether written or oral. This agreement may be amended or modified only with written consent of the parties hereto. No oral waiver, amendment of modification will be effective under any circumstances whatsoever.
9. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of Cayman Island.
In witness of this, the parties have executed this Agreement as of the date first written above.
By XXXXXXXXXXXXXXX.XXX INC.
Authorized Signature: /s/ Xxx Xxx
Name: Xxx Xxx
Title: CEO & President
By GOLDPAC INVESTMENT PARTNERS LTD
Authorized Signature: /s/ Chi Xxxxxx Xxx
Name: Chi Xxxxxx Xxx
Title: Partner
