CONSULTING AGREEMENT
Agreement made this 11th day of March, 1999 by and between iChargeit
Inc. (formerly known as Para-Link, Inc.), a Texas corporation ("Company") and
Xxxx X. Xxxxxx, ("Consultant").
Consultant is an independent contractor willing to provide certain
skills and abilities to the Company that the Company has need.
In consideration of the mutual terms, conditions and covenants
hereinafter set forth, Company and Consultant agree as follows:
1. The Company hereby employs the Consultant as an independent contractor,
and the Consultant hereby accepts employment.
2. The term of this Agreement commenced on June 10, 1999 and shall
terminate upon substantial completion of the items enumerated in
paragraph 4 below.
3. Company shall pay as consideration to Consultant pursuant to this
Agreement, 350,000 shares of restricted iChargeit Inc. common stock at
.001 par value.
4. Consultant shall provide the following services:
a. Assist in the dissemination of information concerning
iChargeit, Inc.
b. Interviewing and sourcing qualified investment opportunities
to be presented to the Board of Directors.
c. Assistance in the presentation of due diligence material
included in investment memorandums and other similar matters
as may be required by industry partners, bankers, financial
institutions, NASD broker/dealers, securities analysts and
equity investors.
d. Such other general assistance and advise may be mutually
agreed upon.
Consultant is an independent contractor and may engage in other
business activities.
5. Neither party may assign this Agreement without the express written
consent of the other party.
6. Consultant is an independent contractor and nothing contained in this
Agreement shall be deemed or interpreted to constitute the Consultant
as a partner, agent or employee of the Company, nor shall either party
have any authority to bind the other.
7. It is agreed between the parties that there are no other agreements or
understandings between them relating to the subject matter of this
Agreement. This Agreement supersedes all prior agreements, oral or
written, between the parties and is intended as a complete and
exclusive statement of the agreement between the parties. No change or
modification of this Agreement shall be valid unless the same be in
writing and signed by the parties.
-1-
8. All notices required or permitted to be given hereunder shall be in
writing and may be delivered personally or by Certified Mail - Return
Receipt Requested, postage prepaid, addressed to the parties' last
known address.
9. This Agreement shall be construed in accordance with and governed by
the laws of the State of Texas.
INTENDING TO BE LEGALLY BOUND, the parties hereto have caused this
Agreement to be executed as of the date first above written.
iChargeit Inc.
/s/ Xxxxx Xxxxx
---------------------------------------
Xxxxx Xxxxx, Chief Executive Officer
/s/ Xxxx X. Xxxxxx
---------------------------------------
Consultant
-2-
