TAMARACK CORPORATION CONSULTING AGREEMENT
TAMARACK
CORPORATION
This
Consulting Agreement (the "Agreement"), effective as of October 6, 2008 is
entered into by and between SupportSave Solutions lnc com, (herein referred to
as the "Company"), baving its' principal place of business at 0000 Xxxxxxxx
xxxx, xxx 00xX Xxxxx, XX 00000 and Tamarack Corporation, (herein referred to as
the "Consultant") having its' principal place of business at 000 Xxxxxxxxxx
xxxxx xxx. 000X Xxxxxxxxx XX 00000.
RECITALS
WHEREAS, Company is a
publicly-held corporation with its common stock traded on the OTC.BBMarket under
the symbol SSVE.
WHEREAS,
Company desires to engage
the services of Consultant to represent the company in a capacity to market the
Company's product(s) to specific industries and related professionals, and to
consult with management
concerning such Company activities. The services being offered in no way
constitute investor relations or public
relations, nor any communication with broker dealers, investors, stock brokers,
or investment
advisors;
NOW THEREFORE, in
consideration of the promises and the mutual covenants and agreements
hereinafter set forth, the parties hereto covenant and agree as
follows:
I. Term of
Consultancy. Company hereby agrees to retain the Consultant to act in a
consulting capacity to the Company and tbe Consultant hereby agrees to provide
services to tbe Company commencing upon October 6, 2008 and ending on April 6,
2009.
2. Duties
of Consultant. The Consultant agrees that it will generally provide the
following specified consulting services through its officers and employees
during the term specified in Section I.:
(a)
Consult and assist the Company in developing and implementing appropriate plans
and means for presenting the Company and its product(s) to the proper
industries, establishing an image for the Company and its product(s), and
creating the foundation for subsequent marketing relations efforts;
(b) With
the cooperation of the Company, maintain an awareness during the term of this
Agreement of the Company's product(s), as they may evolve during such period,
and consult and assist the Company in communicating appropriate information
regarding such plans, strategy and personnel to the proper
industries;
(c) Upon
the Company's direction and approval, disseminate information regarding the
Company's product(s) to consumers and industry professionals, and the general
public;
(d) Upon
the Company's approval, design and/or restructure the Company's website in an
effort to facilitate a better marketing of the Company's
product(s);
(e)
Otherwise perform as the Company's consultant for marketing relations and
relations with industry professionals.
3.
Allocation of Time and Energies. The Consultant hereby promises to perform and
discharge faithfully the responsibilities which may be assigned to the
Consultant from time to time by the officers and duly authorized representatives
of the Company in connection with the conduct of its marketing activities, so
long as such activities are in compliance with applicable laws and regulations.
Consultant and staff shall diligently and thoroughly provide the consulting
services required hereunder. Although no specific hoursper-day requirement
will be required, Consultant and the Company agree that Consultant will perform
the duties set forth herein above in a diligent and professional manner. The
parties acknowledge and agree that a disproportionately large amount of the
effort to be expended and the costs to be incurred by the Consultant and the
benefits to be received by the Company are expected to occur within or shortly
after the first two months of the effectiveness of this Agreement. It is also
understood that the Company is entering into this Agreement with Tamarack
Corporation, a Nevada Corporation and not any individual member of Tamarack
Corporation, and, as such, Consultant will not be deemed to have breached this
Agreement if any member, officer or director of Tamarack Corporation, leaves the
firm or dies or becomes physically unable to perform any meaningful activities
during the term of the Agreement, provided the Consultant otherwise performs its
obligations under this Agreement.
4.
Renumeration. As full and complete compensation for services described in this
Agreement, the Company shall compensate Consultant as follows:
For
undertaking this engagement and for other good and valuable consideration, the
Company agrees to issue to the Consultant a "Commencement Bonus" of600,000 (SIX
HUNDRED THOUSAND) shares of free trading Common Stock of SupportSave Solutions
Inc which shares shall be registered with the Securities and Exchange
Commission. The 600,000 (SIX HUNDRED THOUSAND) shares of common stock
issued as a Commencement bonus shall be fully paid and non-assessable and
constitute payment for Consultant's agreement to consult to the company and are
nonrefundable, non-apportion able, and non-ratable retainer; such shares of
common stock are not a pre payment for future services. If the company decides
to terminate this agreement prior to April 6, 2009, for any reason what so ever,
it is agreed and understood that the consultant will not be requested or
demanded by the company to return any of the 600,000 (SIX HUNDRED THOUSAND)
shares of common stock paid to hereunder. It is further agreed that if at
anytime during the term of this agreement, the company or substantially all of
the company's assets are merged with or acquired by another entity, or some
other change occurs in the legal entity that constitutes the company, the
consultant shall retain and will not be requested by the company to return any
of the 600,000 (SIX HUNDRED THOUSAND) shares and after October 15,
2008.
2
The
commencement bonus shares issued pursuant to this agreement shall be issued in
the name of Tamarack Corporation.
The company has the right to terminate
this agreement within three days of signing this contract, by registered or certified
mail.
With each
transfer of shares of common stock to be issued pursuant to tbis agreement
(collectively, the "shares"), company shall cause to be issued a certificate
representing the common stock and written opinion of counsel for the company
stating that said shares are validly issued, fully paid and non-assessable and
that the issuance and eventual transfer of them to Consultant has been duly
authorized by the Company's board of directors.
6.
Non-Assignability of Services. Consultant's services under this contract are
offered to Company only and may not be assigned by Company to ant entity with
which Company merges or which acquires the Company or substantially all of its
assets. In the event of such merger or acquisition, all compensation to
Consultant herein under the schedules set forth herein shall remain due and
payable, and any compensation received by the Consultant may be retained in the
entirety by Consultant, all without any reduction or prorating and shall be
considered and remain fully paid and non-assessable. Notwithstanding tbe
nonassignability of
Consultant's services, Company shall assure that in the event of any merger,
acquisition, or similar change of form of entity, that its successor
entity shall agree to complete all obligations to Consultant, including the
provision and transfer of all compensation herein, and the preservation of the
value thereof consistent with the rights granted to Consultant by the Company
herein, and to Shareholders.
7. Expenses. Consultant agrees to pay
for all its expenses (phone, mailing, labor, etc.), other than extraordinary
items (travel required by/or specifically requested by the Company, luncheons or
dinners to large groups of industry professionals, industry conference calls,
etc.) approved by the Company prior to its incurring an obligation for
reimbursement.
8. Indemnification. The Company
warrants and represents that all oral communications, written documents or
materials furnished to Consultant by the Company with respect to financial
affairs, operations, profitability and strategic planning of the Company are
accurate and Consultant may rely upon the accuracy thereof without independent
investigation. The Company will protect, indemnitY and hold harmless Consultant
against any claims or litigation including any damages, liability, cost and
reasonable attorney's
fees as incurred with respect thereto resulting from Consultant's communication
or dissemination of any said information, documents or materials excluding any
such claims or litigation resulting from Consultant's communication or
dissemination of information not provided or authorized by the
Company.
9.
Representations. Consultant represents that it is not required to maintain any
licenses and registrations under federal or any state regulations necessary to
perform the services set forth herein. Consultant acknowledges that, to the best
of its knowledge, the performance of the services set forth under tbis Agreement
will not violate any rule or provision of any regulatory agency having
jurisdiction over Consultant.
3
10. Legal Representation. The Company
acknowledges that it has heen represented by independent legal counsel in the
preparation of this Agreement. Consultant represents that it has consulted with
independent legal counsel and/or tax, financial and business advisors, to the
extent the Consultant deemed necessary.
II.
Status as Independent Contractor. Consultant's engagement pursuant to this
Agreement shall be as independent contractor, and not as an employee, officer or
other agent of the Company. Neither party to this Agreement shall represent or
hold itself out to be the employer or employee of the other. Consultant further
acknowledges the consideration provided hereinabove is a gross amount of
consideration and that the Company will not withhold from such consideration any
amounts as to income taxes, social security payments or any other payroll taxes.
All such income taxes and other such payment shall be made or provided for by
Consultant and the Company shall have no responsibility or duties regarding such
matters. Neither the Company nor the Consultant possess the authority to bind
each other in any agreements without the express written consent of the entity
to he hound.
12.
Attorney's Fee. If any legal action or any arbitration or other proceeding is
brought for the enforcement or interpretation of this Agreement, or because of
an alleged dispute, breach, default or misrepresentation in connection with or
related to this Agreement, the successful or prevailing party shall be entitled to recover reasonable
attorneys' fees and other costs in connection with that action or
proceeding, in addition to any other relief to which it or they may be
entitled.
13. Waiver. The waiver by
either party of a breach of any provision of this Agreement by the other
party
shall not operate or be construed as a waiver of any subsequent breach by such
other party.
14. Notices.
All notices, requests, and other communications hereunder shall be deemed to be
duly given if sent by U.S. mail, postage prepaid, addressed to the other party
at the address as set forth herein below:
15.
Miscellaneous:
This Agreement sets forth the entire understanding of the parties relating to
the subject matter hereof, and supersedes and cancels any prior communication,
understandings and agreements between the parties. This Agreement cannot be
modified or changed, nor can any of its provisions be waived, except by written
agreement signed by all parties, the laws of the State of California shall
govern this agreement.
4
To the
Company:
SupportSave
Solutions lnc Com
0000
Xxxxxxxx xxxx xxx 000X
Xxxxx, XX
00000
To the
Consultant:
Tamarack
Corporation.
000
Xxxxxxxxxx xxxxx xxx. 0000
Xxxxxxxxx
XX 00000
It is understood
that either party may change the address to which notices for it shall be
addressed by providing notice of such change to the other party in tbe manner
set forth in this paragraph.
15.
Choice of Law, Jurisdiction and Venue. This Agreement shall be governed by,
construed and enforced in accordance with the laws of the State of California.
The parties agree that the Superior Court for the State of California, County of
San Diego will be the venue of any dispute and will have jurisdiction over all
parties.
16.
Arbitration. Any controversy or claim arising out of or relating to this
Agreement, or the alleged breach thereof, or relating to Consultant's activities
or remuneration under this Agreement, shall be settled by binding arbitration in
San Diego County California, in accordance with the applicable rules of the
American Arbitration Association, and judgment on the award rendered by the
arbitrator(s) shall be binding on the parties and may be entered in any court
having jurisdiction as provided by Paragraph 14 herein. The provisions of Title
9 of Part 3 of the California Code of Civil Procedure, including section
1283.05, and successor statutes, permitting expanded discovery proceedings shall
be applicable to all disputes that are arbitrated under this
paragraph.
17.
Complete Agreement. This Agreement contains the entire agreement of the parties
relating to the subject matter hereof. This Agreement and its terms may not be
changed orally but only by an agreement in writing signed by the party against
whom enforcement of any waiver, change, modification, extension or discharge is
sought.
5
AGREED TO: | |
"Company" | SUPPORTSAVE SOLUTIONS INC COM |
Date: | By: /s/ Xxxxx Xxxxx |
Xxxxx Xxxxx, CEO | |
"Consultant" | TAMARACK CORPORATION |
Date: | By: /s/ Xxxxxx Xxxxxxxxx |
Xxxxxx Xxxxxxxx, President |