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EXHIBIT 10.11
Xxxxx Xxxxxxx Publishing, Inc.
CONSULTING AGREEMENT
THIS CONSULTING AGREEMENT made this May, day of 14, 1998 by and between Xxxxx
Xxxxxxx Publishing, Inc.
0000 X. Xxxxxxx Xxxx.
Xxxxxx, Xxxxxxx 00000
Telephone (000) 000-0000
a Florida Corporation (hereinafter referred to as "GDP") and Revenge Marine
(hereinafter referred to as "COMPANY"), collectively SRI and COMPANY hereinafter
referred to as "the parties."
WITNESSETH:
WHEREAS, COMPANY wishes to utilize Opportunist magazine for the purpose of
advertising and/or publishing of information in various publications produced by
(GDP) and in consideration thereof;
1. GDP agrees to provide the following, in various publications, See
ADDENDA A with written copy and or final film to be provided by
COMPANY, GDP will send and or forward to COMPANY all inquiry
information received by GDP.
2. COMPANY agrees to pay GDP a fee in U.S. funds or other valuable
consideration for the above mentioned services in the total amount of
118,000 free trading shares. See Addenda B for the terms on free
trading stock.
3. This agreement is non-cancelable and the full total amount of the above
mentioned compensation or fee shall become immediately due and payable
to GDP in the event of any default by Company, GDP shall not be
obligated hereunder to insert, place or publish COMPANY'S advertisement
or information in Opportunist Magazine and the full and total amount of
the above mentioned compensation or fee shall remain due and payable to
GDP.
4. This agreement may be executed in counterparts, not withstanding the
date or dates upon which this agreement is executed and delivered by
any of the parties and shall be deemed to be an original and all of
which will constitute on and the same agreement, effective as of the
reference date first written above. The fully executed telecopy (fax)
version of this agreement shall be construed by all parties hereto as
an original version of said agreement.
5. In the event that either party is in default of the terms and
conditions of this agrement and legal action is initiated or suiet be
entered as a result of such default, the pervailling party shall be
entitled to recover all costs incurred as a result of such default,
including all costs, reasonably attorney fees, expenses in cout xxxx
through trial, appeal and to final disposition.
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6. It is mutually agreed by and between the parties that this agreement is
governed and construed under the laws of the State of Florida, County
of Orange which courts shall have jurisdiction over all matter and
disputes related hereto.
IN WITNESS WHEREOF, the parties have set their hands on execution of this
agreement.
For and in Behalf of COMPANY;
/s/ Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx
President
5/14/98
For and in Behalf of GDP;
/s/ Xxx Xxxxxxx
Xxx Xxxxxxx, President
5/14/98
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Xxxxx Xxxxxxx Publishing, Inc.
"ADDENDA B"
Date: 5/14/98
1. It is mutual agreed by and between the parties hereto, that in the event of
GDP opts or agrees to accept shares of COMPANY's free trading stock now as full
or partial payment for any part or portion of GDP/s compensation or fee under
this agreement, that the number of such shares necessary for such equal value
alternative compensation shall be determined pursuant to a formulas or
computation that discounts the stock from the bid price at the rate of 50% bases
solely upon the bid as of the date of execution of the agreement or such other
subsequent written agreement to accept said stock as alternative compensation.
2. COMPANY acknowledges and agrees GDP shall not provide or continue to provide
service until all fees are paid. COMPANY acknowledges that it has verified with
its corporate council, accountants, corporate officers, board of directors,
executive decision makers, and appropriate stock exchanges that said stock can,
in fact, be timely delivered to GDP as agreed.
3. COMPANY agrees that in the event the stock has not been received in GDP's
account within (10) ten days of the dated of execution of this agreement or any
subsequent written agreements related hereto, COMPANY shall pay to GDP in U.S.
funds an additional amount dqual to 5% of such equal value alternative
compensation as liquidated damages. This shall contined for each and every 10
day period that said stock is not received by GDP. Said funds to be wired to
GDP, without notice, within (3) three days of any such default.
4. Time period for options begins when S&P or Moodys is current financial
statements, DTC sheets, current shareholder list and payment per contract is
received.
For and in Behalf of COMPANY;
/s/ Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx
President
5/14/98
For and in Behalf of GDP;
/s/ Xxx Xxxxxxx
Xxx Xxxxxxx, President
5/14/98
