BUSINESS CONSULTANT AGREEMENT
Exhibit 6.4
This Business Consultant Agreement ("Agreement") is made and effective March 1st, 2022,
| BETWEEN: | Xxxxx Xxxxx (the "Consultant"), an individual with his main address located at 0000 Xxxx Xxxx, Xxxxxxxx Xxxxxx, XX 00000 |
| AND: | Planet Resource Recovery Inc. (the "Company"), a company organized and existing under the laws of the state of Nevada, with its head office located at 0000 Xxxxxx Xxxx Xxxxx 0, Xxxxxxxx, XX 3424 |
NOW, THEREFORE, in consideration of the mutual covenants set forth herein and intending to be legally bound, the parties hereto agree as follows:
| 1. | CONSULTATION SERVICES |
The company hereby employs the consultant to perform the following services in accordance with the terms and conditions set forth in this agreement: The consultant will be President of the Company and will consult with the CEO and employees of the Company concerning matters relating to the management and organization of the company, their financial policies, the terms and conditions of employment, and generally any matter arising out of the business affairs of the company.
| 2. | TERMS OF AGREEMENT |
This agreement will begin March 1st, 2022 and will end February 26th, 2027. Either party may cancel this agreement at a minimum of 60 days' notice to the other party in writing, by certified mail or personal delivery.
| 3. | TIME DEVOTED BY CONSULTANT |
It is anticipated the consultant will spend approximately 40 hours per week in fulfilling its obligations under this contract. The particular amount of time may vary from day to day or week to week. However, the consultant shall devote a minimum of 160 hours per month to its duties in accordance with this agreement.
| 4. | PLACE WHERE SERVICES WILL BE RENDERED |
The consultant will perform most services in accordance with this contract at a location of consultant's discretion. In addition, the consultant will perform services on the telephone and at such other places as necessary to perform these services in accordance with this agreement.
| 1 |
| 5. | PAYMENT TO CONSULTANT |
The consultant will be paid at the rate of $136,000 per year for work performed in accordance with this agreement. Company will pay $11,333.34 at the beginning of each month.
| 6. | INDEPENDENT CONTRACTOR |
Both the company and the consultant agree that the consultant will act as an independent contractor in the performance of its duties under this contract. Accordingly, the consultant shall be responsible for payment of all taxes including Federal, State and local taxes arising out of the consultant's activities in accordance with this contract, including by way of illustration but not limitation, Federal and State income tax, Social Security tax, Unemployment Insurance taxes, and any other taxes or business license fee as required.
| 7. | CONFIDENTIAL INFORMATION |
The consultant agrees that any information received by the consultant during any furtherance of the consultant's obligations in accordance with this contract, which concerns the personal, financial or other affairs of the company will be treated by the consultant in full confidence and will not be revealed to any other persons, firms or organizations.
| 8. | EMPLOYMENT OF OTHERS |
The company may from time to time request that the consultant arrange for the services of others. All costs to the consultant for those services will be paid by the company but in no event shall the consultant employ others without the prior authorization of the company.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
|
COMPANY |
CONSULTANT |
| /s/ Xxxxxx Xxxx | /s/ Xxxxx X. Xxxxx |
| Authorized Signature | Authorized Signature |
| Xxxxxx Xxxx - CEO | Xxxxx X. Xxxxx |
| Xxxxxx Xxxx | Xxxxx Xxxxx |
| CEO | President |
| 03/01/2022 | 03/01/2022 |
| 2 |
