CONSULTING AGREEMENT - ECM
CONSULTING
AGREEMENT - ECM
This
Consulting Agreement is by and between Indigo-Energy, Inc., (IEI), a Nevada
Corporation located at 000 X. Xxxxx Xxxxxx Xxxx, Xxxxx 000, Xxxxxxxxx, XX
00000,
and Xxxxxxx Xxxxxx, an Individual located at 000 Xx. 00 Xxxxx, Xxxxx 000,
Xxxxxxx, XX 00000 (ECM),
collectively referred to as “The Parties.”
WHEREAS,
JET is a developer of energy related properties, and
WHEREAS,
ECM has various connections, networking contacts, and experience in the
development of financial related properties, financial market development,
and
business strategic planning.
NOW,
THEREFORE, in consideration of the mutual covenants provided herein, the
Parties
agree as follows:
Services.
ECM
will
perform ongoing duties under the direction of JET’s President under the
following parameters:
| 1. |
Provide
consulting services and support for business development of the
JET family
of energy related properties.
|
| 2. |
Assist
in development of the JET Strategic Marketing and Business
Plan.
|
| 3. |
Develop
opportunities for both short and long term funding for
lET.
|
| 4. |
Handle
other duties as assigned by TEl’s
management.
|
Compensation.
TEl
shall compensate ECM for these services as follows:
| 1. |
Reimbursement
for all approved business-related
expenses.
|
| 2. |
Further,
ECM or its assigns shall receive two million five-hundred thousand
(2,500,000) non-qualified stock options in JET, said options are
to be
part of the JET Stock Option Plan of 2007, and have an option price
of
$.25 per share, approximately double the current market price.
Said
options are to be issued within 30 days pf signing of this
Agreement.
|
Independent
Contractor and No Agency Relationship.
ECM
shall be compensated as an independent contractor with no employee relationship
or agency and principal relationship and shall thereby be responsible for
all
its own taxes, insurance, licenses and fees and expenses related to its business
and this Agreement.
Termination.
Either
party may terminate this relationship, without cause, after the initial term
of
the Agreement, with thirty (30) days notice to the other, provided all
compensation is current.
Governing
Law.
This
Agreement is being executed under and will be governed by the laws of the
State
of Nevada.
Term.
The
term of this Agreement is three months commencing January 1,
2008.
1
IN
WITNESS THEREOF, the Parties have executed this Agreement effective as
of the
date signed below.
| For Indigo-Energy, Inc. | |||
|
Xxxxxx X. Xxxxxx, President Date |
|||
|
For
Xxxxxxx X. Xxxxxx,
|
|||
|
Xxxxxxx
X. Xxxxxx, an individual Date
|
2
