Exhibit 4
Business Consultant Contract
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This agreement dated April 20th, 2004, is made By and Between
North American Liability Group, Inc., whose address is Wachovia
Bank Building 2929 East Commercial Boulevard, Suite 610, Ft.
Xxxxxxxxxx, Xxxxxxx XXX 00000, referred to as "Company", AND
Xxxxx Xxxxxx whose address is P.O. Box N-7250 Nassau, Bahamas,
referred to as "Consultant."
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 consult with the officers 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 April 20, 2004
for a term of five years and will be reviewed annually. Either
party may cancel this agreement on thirty (30) 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 2 to 5 hours per day 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 43 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 by
telephone, facsimile and email. In addition the consultant will
perform services as required and at such other places as
designated by the company to perform these services in accordance
with this agreement.
5. Payment to Consultant. The consultant will be paid at the
rate of US$20,000.00 per month for work performed in accordance
with this agreement plus expenses incurred namely, Travel,
Accommodation, Entertainment Communication. However, the
consultant will be paid at least US$20,000.00 per month
regardless of the amount of time spent in accordance with this
agreement. The consultant will submit an itemized statement
setting forth the services rendered, and the company will pay the
consultant the amounts due as indicated by statements submitted
by the consultant within ten (10) days of receipt or as agreed
upon by the parties hereto.
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.
9. Signatures. Both the company and the consultant agree to the
above contract.
Witnessed by:
COMPANY
North American Liability Group Inc.
/s/Xxxxxxx Xxxxxx
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By: Xxxxxxx Xxxxxx President
CONSULTANT
/s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx
