CONSULTING AGREEMENT
AGREEMENT, entered into as of the day of March, 2006, but effective as
of April 1, 2005 by and between INTEGRATED MANAGEMENT INFORMATION, INC.("IMI"),
a Colorado corporation, and X.X. XXXX ("Xxxx").
W I T N E S S E T H:
WHEREAS, IMI is engaged in, the business of developing and marketing of
consulting services and software for animal identification and tracing in the
beef cattle industry;
WHEREAS, Xxxx has agreed to render valuable services (the "Services")
to IMI in connection with the development of IMI's business and promotion of IMI
to strategic investors; and
WHEREAS, in order to compensate Xxxx for the Services, and as
inducement for providing the Services, IMI desires to evidence it's agreement to
pay certain fees to Xxxx as described herein.
NOW, THEREFORE, for and in consideration of the foregoing and for the
mutual covenants and consideration described herein, the parties hereto agree as
follows:
1. Services. Xxxx shall assist IMI by promoting IMI in the market place
by introducing IMI to key analysts and strategic investors within each of IMI's
major business sectors and performing such other investor relations services as
maybe reasonably necessary.
2. Consulting Fees. As consideration for Xxxx rendering the Services to
IMI, IMI hereby agrees to pay to Xxxx, on the first day of each month, $5,000 in
cash (the "Cash Fee"). In addition to the foregoing, Xxxx shall be reimbursed
for all reasonable business expenses incurred in the performance of Services for
IMI.
3. Term. This Agreement shall commence on April 1, 2005 and shall run
for a period ending twelve months following the month that the Company's
registration statement becomes effective (the "Term"). Xxxx may terminate this
Agreement without cause at any time by giving thirty (30) days advance notice in
writing.
4. Representations of IMI. IMI represents to Xxxx that:
(a) IMI is duly authorized to enter into this Agreement and to carry
out the terms set out herein and that execution of this Agreement and carrying
out of the terms hereof will not breach any provision of the articles of
incorporation or bylaws of the Company or any contracts to which the Company is
a party.
(b) The execution of this Agreement will create a valid and binding
obligation on the part of IMI enforceable in accordance with the terms hereof,
except as may be limited by bankruptcy, insolvency, moratorium or similar laws.
5 Representations of Xxxx. Xxxx represents to IMI that:
(a) Xxxx will not disclose to any third party any proprietary
information relating to the business of IMI which may come into Xxxx'x
possession in the course of rendering Services without the prior written consent
of IMI and will turn over to IMI all materials of any nature relating to IMI,
its services or business upon termination of this Agreement. Xxxx acknowledges
that in the course of performing Services he will come into possession of
information which is considered proprietary to IMI and Xxxx will use his best
efforts to maintain the confidentiality of such information.
(b) The execution of this Agreement will create a valid and binding
obligation on the part of Xxxx enforceable in accordance with the terms hereof,
except as may be limited by bankruptcy, insolvency, moratorium or similar laws.
6. IMI recognizes that Xxxx now renders or may in the future render
consulting services to other clients which may or may not conduct business and
activities similar to IMI. Xxxx shall not be required to devote its full time
and attention to the performance of its duties under this agreement, but shall
devote only so much of its time and attention as shall be reasonably necessary
for such purposes.
7. Xxxx acknowledges that it will gain knowledge of information of
substantial value to IMI regarding IMI's business which is not generally known
and which gives IMI an advantage over competitors who do not know or use, such
information, including, but not limited to, know-how, trade secrets, techniques,
designs sales and customer information and business and financial information
relating to the business products services practices or techniques of IMI's
plans for future products or developments ("Confidential Information"). Xxxx
agrees to, at all times, regard and preserve such information as confidential.
Xxxx further agrees that such Confidential Information will not be disclosed buy
it to any person or entity without the prior consent of IMI.
8. Binding Effect. This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective heirs, personal
representatives, successors and assigns.
9. Indemnities. IMI shall indemnify Xxxx and Xxxx shall indemnify IMI
from any liability, loss, cost or damage arising as a result of the breach of
obligations of the indemnifying party under this Agreement.
10. Notices. All notices, requests, consents and other communications
hereunder shall be in writing and shall be mailed first class, registered, with
postage prepaid as follows:
If IMI addressed to: Integrated Management Information, Inc.
000 0xx Xxxxxx
Xxxxxx Xxxx, XX 00000
Attn: Xxxx Xxxxxxxx
If Xxxx addressed to: X.X. XXXX
00000 Xxxxxxx Xxxxx Xxxx
Xxxxxxxx Xxxxxxx, XX 00000
11. Costs and Expenses. Each party hereto shall responsible for its own
costs and expenses incurred in connection with the execution of this Agreement.
12. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Missouri.
13. Disputes. Any disputes arising among the parties with respect to
this Agreement shall be settled by arbitration in accordance with the rules then
in effect of the American Arbitration Association in Denver, Colorado. The
prevailing party in any such disputes shall be entitled to recover all of its
reasonable costs and attorneys fees incurred as a result of such dispute.
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed as of the day and the year first written above.
INTEGRATED MANAGEMENT INFORMATION, INC.
By:
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Title:
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X.X. XXXX
