Exhibit 4.1 -- Consulting Service Contract
CONSULTING SERVICE AGREEMENT
WITH X. X. XXXXX
This consulting services agreement ("Consulting Agreement") is made as of this
10th day of April, 2003, by and between X. X. Xxxxx, 0000 X. Xxxxxxxxx,
Xxxxx 0, Xxx Xxxxx, XX 00000, (referred to herein as the "Consultant") and
Immediatek, Inc., 0000 X. Xxxxxxx Xxxxxxxxxx Xxxxx 0000, Xxxxxxxxxx, XX 00000,
(referred to herein as the "Company"), with X. X. Xxxxx and Company
collectively sometimes herein referred to as the "Parties". The Parties
hereto, for ten (10) dollars and other good and valuable consideration the
receipt and sufficiency of which is hereby acknowledged, hereby agree as
follows:
WHEREAS, the Company (a Nevada corporation) is a fully reporting company
whose securities are traded on the Over-the-Counter Bulletin Board under
the ticker symbol "ITEK;" and
WHEREAS, and the Consultant is a filing agent with the Securities and
Exchange Commission ("SEC") and is in the business of assisting companies
with the preparation of diligence material relating to drafting of SEC
filings; and
WHEREAS, the Company wishes to retain X. X. Xxxxx as a non-exclusive
corporate consultant; and
IT IS, THEREFORE agreed that:
1. Services. The Company shall retain X. X. Xxxxx to provide general
corporate consulting services which may include, but not be limited to:
assistance in the drafting, preparation, and assistance with general filings
in accordance with the Rules and Regulations of the Securities and Exchange
Commission. The filings to be worked on by the Consultant is limited to
completing the Annual Report for the calendar year ending December 31, 2002,
(which has already been completed) and all other required reports through
June 30, 2003. The consultant shall agree to make himself available for the
foregoing purposes and devote such business time and attention thereto as it
shall determine is required.
The Company understands that any and all suggestions, opinions or advice
given to the Company by the Consultant are advisory only and the ultimate
responsibility, liability and decision regarding any action(s) taken or
filings made lies solely with the Company and not with the Consultant.
2. Term. The term of this Consulting Agreement shall be from the date
hereof until June 30, 2003 (the "Term").
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3. Compensation. As compensation for entering into this Consulting
Agreement and for services rendered over the Term, Xx. X. X. Xxxxx shall be
granted three hundred eighty thousand (380,000) shares of the Company's common
stock, par value $0.001 per share. The Company hereby agrees to register the
shares of common stock underlying the above referenced common stock on a Form
S-8 registration statement.
4. Law Governing. This Agreement shall be governed by and construed in
accordance with the laws of the State of Nevada. The parties consent to the
jurisdiction of the courts of the State of Nevada and the United States
District Court of Nevada, and their respective appellate Courts and further
waive objection to venue in any such court for all cases in controversy
relating to disagreement or the relationship between the parties.
5. Independent Contractor Relationship. Consultant and the Company are
independent contractors and nothing contained in this Agreement shall be
construed to place them in the relationship of partners, principal and
agent, employer/employee or joint ventures. Neither party shall have the
power or right to bind or obligate the other party, nor shall it hold itself
out as having such authority.
6. Indemnification. Company shall indemnify and hold harmless the Consultant
from and against any and all losses, damages, liabilities, reasonable
attorney's fees, court costs and expenses resulting or arising from any or
omission by Company. The Consultant shall indemnify and hold harmless the
Company from and against any and all losses, damages, liabilities,
reasonable attorney's fees, court costs and expenses resulting or arising
from any act or omission by the Consultant.
7. Miscellaneous.
7.1 Assignment. This Agreement is not transferable or assignable.
7.2 Execution and Delivery of Agreement. Each of the parties
shall be entitled to rely on delivery by fax transmission of an executed
copy of this agreement by the other party, and acceptance of such fax copies
shall create a valid and binding agreement between the parties.
7.3 Titles. The titles of the sections and subsections of this
agreement are for the convenience of reference only and are not to be
considered in construing this agreement.
7.4 Severability. The invalidity or unenforceability of any
particular provision of this agreement shall not affect or limit the validity
or enforceability of the remaining provisions of this agreement.
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7.5 Entire Agreement. This agreement constitutes the entire
agreement and understanding between the parties with respect to the subject
matters herein and supersedes and replaces any prior agreements and
understandings, whether oral or written, between them with respect to such
matters.
7.6 Counterparts. This Agreement may be executed in any number
of counterparts, each of which shall be an original, but all of which
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as
of the date first above mentioned.
April 22, 2003
IMMEDIATEK, INC.
By: /s/ Xxxx Xxxx
--------------------------
Xxxx Xxxx
President
AGREED AND ACCEPTED
By: /s/ X. X. Xxxxx
---------------------------
X. X. Xxxxx
0000 X. Xxxxxxxxx, Xxxxx 0
Xxx Xxxxx, XX 00000
380,000 Shares. Number of Shares to be issued
to X. X. Xxxxx pursuant to this agreement.
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