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EXHIBIT 10.29
4501 Circle 75 Parkway
Building D-4210
Xxxxxxx, Xxxxxxx 00000
CONSULTANT AGREEMENT
AGREEMENT ("Agreement") made and entered into this 30th day of April,
2001 between Business Analysis Group, LLC. (BAG or Consultant) with its
principal place of business at 00 Xxxxxx Xxxx Xxxx, Xxxxx Xxxxx, XX 00000; and
LecStar Corporation (LecStar), with its principal place of business at 4501
Circle 74 Parkway, D-4210, Xxxxxxx, Xxxxxxx 00000.
1. ENGAGEMENT - LecStar hereby engages BAG, and BAG accepts the engagement, to
perform the work described in Section 5 hereof, in accordance with the terms and
conditions of this Agreement.
2. TERM - The term of this Agreement begins on May 1, 2001 and will continue for
three consecutive months, ending on July 31, 2001 (the "Initial Term") unless
renewed month-to-month at the option of LecStar. LecStar may terminate this
Agreement for convenience by giving BAG 7 days advance written notice prior to
the end of the Initial Term or if renewed, 7 days written notice prior to the
end of the renewal month.
3. COMPENSATION - For all services rendered, as described in Section 5, by BAG
under this Agreement, LecStar agrees to pay BAG a consulting fee of Ten Thousand
Dollars ($10,000.00) per month beginning on May 1, 2001. All payments shall be
made to BAG and shall be mailed or made available to BAG on or before the 10th
calendar day of each month. There will be no taxes (state or federal) withheld
from the aforementioned payments.
4. WORK SCOPE - The efforts of BAG pursuant to the Work Scope are expected to be
full time, nominally 40 hours per week, in keeping with LecStar's normal office
hours of 8:30 AM to 5:30 PM, Monday through Friday.
The work scope will include the following specific assignments:
BAG shall be responsible for assisting LecStar with the following:
o Preparation and filing of SEC Reports.
o Investor relations as directed by Xxxx Xxxxx and outside
public relations firm.
o Assist in any matters involving UK subsidiary company as
needed.
o Assisting LecStar with other matters as necessary.
5. EXPENSES - LecStar will reimburse BAG for reasonable travel, lodging, cell
phone usage, and other expenses incurred on behalf of LecStar in performance of
this Agreement. All such expenses shall be pre-authorized by LecStar. In
addition, LecStar will make COBRA payments for the three months beginning May 1,
2001 if needed.
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6. CONFIDENTIALITY - All information and data related to LecStar products and
services to which BAG will have access are LecStar property and are deemed
confidential and proprietary information to LecStar.
BAG will not disclose any such information to third parties without prior
approval from LecStar. The ideas, concepts, inventions, know-how, or techniques
developed during the course of the Agreement also belong exclusively to LecStar.
7. NOTICE - Any notice required, or permitted to be given by either party to the
other under this Agreement, shall be sufficient, if received in writing, if sent
by US Mail, sent by Registered or Certified Mail to the principal office of the
receiving party.
8. INDEPENDENT CONTRACTOR RELATIONSHIP - The BAG relationship to LecStar will be
that of independent contractor, and nothing herein creates or implies any other
or different relationship.
9. APPLICABLE LAW - The laws of the State of Georgia shall govern this
Agreement.
EXECUTED between the parties hereto this 30th day of April, 2001.
LecStar Corporation Business Analysis Group, LLC
0000 Xxxxxx 00 Xxxxxxx 00 Xxxxxx Xxxx Xxxx
Xxxxxxxx X-0000 Xxxxx Haven, CT 06473
Xxxxxxx, XX 00000
/s/ W. Xxxx Xxxxx /s/ Xxxxx Xxxxxxxx
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By: W. Xxxx Xxxxx, President By: Xxxxx Xxxxxxxx
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