Sales and Marketing Agency Agreement
Sales and Marketing Agency Agreement
This letter of agreement is between Power Grow System Ltd., (the "Company") doing business at 108, 0000 Xxxxxxxx Xx. Xxxxxxxxx, B.C and C&CB Concept & Communication Business Inc., (the "Contractor") doing business at 303, 0000 Xxxxxx Xxx., Xxxx Xxxxxxxxx, XX. The Company and the Contractor wish to enter into this exclusive Sales and Marketing Agency Agreement for the global sales and marketing of the Company's hydroponics plant growing equipment.
It is understood, agreed and relied upon that the contractor, in the performance of his duties and responsibilities described herein, will engage the services of Xxxxx Xxxxxxx (the "Agent"), and others when necessary, to act exclusively as the Sales Representative to market the Company's hydroponics plant growing equipment.
Duties and Responsibilities of the Contractor:
| 1. | On an exclusive basis, sell the Company's hydroponics
plant growing equipment units within pricing parameters and timetables
established by the Company. All sales, organizational and marketing activities,
will be carried out according to Company's policy and strategy. |
| 2. | Hire additional sales representatives, when and
if required and with the Company's prior approval assist all sales representatives
in the performance of their duties. |
| 3. | Generate and maintain qualified leads from local
and international relevant associations, magazines, trade organizations
and existing personal data. |
| 4. | Maintain accurate data of leads generating, sales
and marketing activities and provide reports to the company and its General
Manager on a monthly basis regarding marketing progress as well as consult
with company's officials on sales and marketing strategies. |
| 5. | Maintain communication with other company's departments,
i. e.: research and development, manufacturing, shipping, administration,
accounting, etc. to insure smooth flow and exchange of information. |
| 6. | Devote sufficient time to the Business of the company
and, when necessary, work additional hours for the performance of the
services described herein. The contractor and the agent, as a representatives
for the company, shall provide the services in a proper, loyal, diligent,
efficient, professional manner and, at all times, shall use their best
efforts to maintain and promote the best interest of the company. |
| 7. | During the Term of the Agreement the Contractor
will act as President, Chief Executive Officer and Director of the Company.
|
Terms of the Agreement:
| 1. | Duration of this agreement shall be for a period
of three years commencing on the 1 st day of January 2003 and terminating
on the 30th t day of Jan 2006. On the date of termination, the parties
to this agreement will have the option to renew this agreement, for an
additional six months, according to the same terms and conditions described
herein, or as they may be renegotiated by both parties to the agreement.
|
(2)
| 2. | The agreement may be terminated by either party,
with cause, at any time or in the event the Contractor breach the terms
and conditions described herein during the entire duration of the agreement
by giving 30 days written notice. |
Compensation:
| 1. | Compensation for the contractor services shall be
CDN $4,500 a month, commencing on the effective date of this agreement
and paid at the end of each month for the duration of the agreement |
| 2. | Additionally, the Company will provide the contractor
with a Leased Vehicle and reimburse the contractor for any reasonable
expenses, relating to telephone, travel, courier incurred by him during
the performance of his duties. Invoices for these expenses shall be submitted
to the company on a monthly basis. |
General conditions:
| 1. | This agreement evidences the entire agreement between
the parties and cannot be changed, modified or altered without the written
consent by both parties. |
| 2. | This agreement shall inure for the benefit of both
the undersigned parties and shall be governed and construed in accordance
with the laws of the province of British Columbia |
Signed, sealed and delivered on the 1st day of January 2003.
By:
Per: "Nick Brusatore"
Power Grow System Ltd.
Per: "Xxxxx Xxxxxxx"
C&CB Concept
& Communication Business Inc.
"Xxxxx Xxxxxxx"
Xxxxx Xxxxxxx
