CONSULTING AGREEMENT
This
Consulting Agreement (the "Agreement") made as of July 5, 2010 by and between
Ioanna Kornarou ("Consultant") and Prime Estates & Developments, Inc., a
Nevada corporation ("Company").
The
Company hereby engages Consultant and Consultant agrees to render various
business consulting services to the Company upon the terms and conditions
hereinafter set forth.
The term
of this Agreement began as of the date of this Agreement (5th of July
2010) and shall terminate on the 30th of June
of 2012.
During
the term of this Agreement, Consultant shall provide advice to, undertake for
and consult with the Company concerning the following services, and additional
services contemplated thereby:
Consulting
in locating proper Real Estate, management of Real Estate, and locating and
introducing buyers for Real Estate that the company wishes to lease or
sell.
The
Company shall provide Consultant and its counsel, on a regular and timely basis,
with all data and information about it, its subsidiaries, its management, its
products and services and its operations as shall be reasonably requested by
Consultant and its counsel, and shall advise Consultant of any facts which would
affect the accuracy of any data and information previously supplied pursuant to
this paragraph. The Company shall promptly supply Consultant and its counsel
with full and complete copies of all brochures or other sales materials relating
to its products and services and such other information as the
request.
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The
compensation to Consultant is set forth in Exhibit A. This
compensation in its entirety is deemed fully earned upon execution of this
agreement, is not contingent and is non-refundable.
The
Company shall be deemed to have been made a continuing representation of the
accuracy of any and all facts, material information and data which it supplies
to Consultant and its counsel and acknowledges its awareness that Consultant and
its counsel will rely on such continuing functions. Consultant and its counsel
in the absence of notice in writing from the Company will rely on the continuing
accuracy of material, information and data supplied by the Company. Consultant
represents that Consultant has knowledge of and is experienced in providing the
aforementioned services.
The
Company agrees to indemnify, hold harmless and defend Consultant and its counsel
from any and all claims or demands of any kind relating to the Company's breach
of its agreements hereunder.
Modification:
This Agreement sets forth the entire understanding of the Parties with respect
to the subject matter hereof, and may be amended only in a writing signed by
both parties.
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Assignment:
The Shares under this Agreement are assignable at the discretion of the
Consultant without consent of the Company.
Prime
Estates & Developments, Inc.
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By:
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Xxxxxx
Xxxxxx, President
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NAME
OF CONSULTANT
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Ioanna
Kornarou
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For all
services provided to the Company concerning the attached Agreement the
Consultant (Xxx. Xxxxxx Kornarou) will receive five hundred and fifty thousand
(550,000) shares of Common Stock of the Company.
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