CONSULTING AGREEMENT
BY AND AMONG
HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL, INC.
AND
XXXXXX X. XXXXXXXXX AND XXXX XXXXXXXXX
This Agreement is dated the 1st day of February 2004 by and among Hotel
Outsource Management International, Inc. ("HOMI"), Xxxxxx X. Xxxxxxxxx
("Xxxxxxxxx") and Xxxx Xxxxxxxxx ("Xxxxxxxxx").
WHEREAS, Xxxxxxxxx and Xxxxxxxxx are attorneys licensed to practice law in the
State of New York; and
WHEREAS, HOMI is a company with shares registered with the Securities and
Exchange Commission; and
WHEREAS, HOMI is interested in retaining the services of Xxxxxxxxx and
Xxxxxxxxx.
NOW, THEREFORE, it is agreed that
1. HOMI shall retain the services of Xxxxxxxxx and Xxxxxxxxx;
2. Xxxxxxxxx and Xxxxxxxxx shall perform the following services on
behalf of HOMI:
a. Assist HOMI in compliance with rules and regulations under the
Securities Exchange Act of 1934, a amended;
b. Work with HOMI's auditors to ensure compliance with rules and
regulations under the Securities Exchange Act of 1934, as
amended.
3. As consideration for the above-mentioned services, HOMI shall pay
Xxxxxxxxx and Xxxxxxxxx 20,000 shares each, which shares shall be
registered in a registration statement on Form S-8.
4. This agreement contains the entire understanding between HOMI and
Xxxxxxxxx and Xxxxxxxxx with respect to the subject matter hereof
and supersedes any prior communications, understandings and
agreements dealing with the subject matter hereof. This agreement
can be modified only by an instrument in writing, signed by the
party against whom the enforcement of any modification is sought;
and it is further
5. In the event of the invalidity or unenforceability of any one or
more provisions of this agreement, such illegality or
unenforceability shall not affect the validity or enforceability of
the other provisions hereof and such other provisions shall be
deemed to remain in full force and effect; and it is further
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6. Any controversy or claim arising out of or relating to this
agreement, or the breach thereof, shall be settled by arbitration in
the City of New York in accordance with the Commercial Arbitration
Rules of the American Arbitration Association. Award of the
Arbitrator(s) shall be final, and judgment upon the award may be
entered in any court having jurisdiction thereof. Any award rendered
by the Arbitrator(s) be authorized or empowered to award any
incidental, consequential or special (including punitive or
multiple) damages.
7. This agreement shall be construed and governed in accordance with
the laws of the State of New York, excluding the choice of law
principles thereof.
IN WITNESS WHEREOF, the undersigned have executed this agreement as of the day
and year first above written.
HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL, INC.
By: /s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx, President
/s/ Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx
/s/ Xxxx Xxxxxxxxx
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Xxxx Xxxxxxxxx
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