CONSULTING AGREEMENT
Exhibit 10.6
This Consulting Agreement (the "Agreement") is made and entered into this 28th day of April 2014, by and between G2 International, Inc, a Texas corporation ("G2") and Tiger Trade Technologies, Inc. a Texas corporation (the "Client").
RECITALS
A.
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G2 is experienced in matters regarding mergers, acquisitions and tender offers for publicly held companies, including, regulatory matters as they pertain to the Securities and Exchange Commission (the "SEC") and other general corporate matters.
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B.
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G2 is experienced in the area of business development including but not limited to trademarks, branding, patent law, product development, and intellectual property protection.
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C.
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G2 is willing to provide consulting services to the Client on the terms and conditions of this Agreement.
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D.
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Client is willing to engage G2 as an independent contractor, and not as an employee, on the terms and conditions set forth herein.
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NOW, THEREFORE, for and in consideration of the mutual promises and covenants set forth herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
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1. G2 Retained. The Client hereby retains G2, and G2 hereby agrees to make its key employees available to render advice and reasonable assistance to the Client under the terms and conditions hereinafter set forth.
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2. Duties. During the term of this Agreement, the duties set forth in this Section 2 shall be performed as follows
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a.
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G2 shall advise and reasonably assist the Client in a possible restructuring of, merger of and/or acquisition of additional companies and/or divisions of the Company; and
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b.
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Assist in analyzing and evaluating the business, business development and operations, and financial position of the company; and
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c.
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Assist in analyzing, evaluating and reorganizing the capital structure of the company.
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3. Compensation. In consideration for G2 entering into this Agreement and for the services to be rendered hereunder, the Client shall pay to G2 (dba IPA Tech Group) the sum of $8,500.00 per month.
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4. Expenses. Out of pocket expenses incurred by G2 in excess of $100 are to be authorized by the Client in advance in writing and shall be reimbursed by the Client to G2. No advance authorization is necessary for out of pocket expenses incurred by G2 for less than $100 and shall also be reimbursed by the Client to G2. The Client understands that in some cases the provider of certain services and goods may ask for payment in advance and for certain major disbursements, and in such case invoices from outside providers will be sent directly to the Client.
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5.
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Term. This Agreement shall commence on the execution date of this Agreement and shall continue for a term of one year, unless terminated earlier pursuant to Section 6 below. G2 and the Client may negotiate to extend the term of this Agreement and terms and conditions under which the relationship shall continue.
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6.
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Termination. This Agreement shall terminate:
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(A)
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if there has been a material breach of this Agreement and such breach has not been cured by the breaching party on or before thirty days from the date of the receipt of a written notice of the breach from the non-breaching party;
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(B)
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Upon the mutual written agreement of the parties.
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7.
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Remedies. Upon termination of this Agreement for any reason, this Agreement shall become null and void and have no further force or effect. G2 shall mail to the Client all documents in its possession or control concerning the Client, as the Client shall request. If this Agreement is terminated by reasons of the breach of any provision hereof, the non-breaching party may pursue any and all remedies at law or in equity.
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8.
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Accuracy of Information and Indemnification. The Client agrees to furnish to G2 truthful and accurate information in all material respects. The Client agrees to cooperate with G2 in the performance of G2's consulting services. The Client agrees to indemnify and hold harmless G2 from any loss, liability, damages, costs and expenses (including attorneys' and other professional fees) that G2 may incur as a result of the Client furnishing to G2 any untruthful or inaccurate information. G2 agrees to furnish to the Client truthful and accurate information in all material respects. G2 agrees to indemnify and hold harmless the Client form any loss, liability, damages, costs and expenses (including attorneys' and other professional fees) that the Client may incur as a result of G2 furnishing to the Client any untruthful or inaccurate information.
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9.
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Miscellaneous
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(A) |
Assignability. Unless otherwise agreed to in writing by both parties hereto, the rights, obligations and benefits established by this Agreement shall be non-assignable by either of the parties hereto and any such attempt of assignment shall be null and void and of no effect whatsoever.
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(B) |
Relationship of the Parties. The management and employees of G2 shall not be considered employees of the Client. Furthermore, the parties agree that G2 shall not be deemed to be an employee, servant, partner or joint venture of the Client. G2 shall be considered an independent contractor for all purposes.
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(C) |
Entire Agreement. This Agreement contains the entire agreement of the parties regarding the subject matter hereof, and supersedes all prior agreements and understandings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof.
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(D) |
Waiver of Breach. The waiver by either party of a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by the other party.
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(E) |
Construction of Language. I he language used in this Agreement shall be construed as a whole according to its fair meaning, and not strictly for nor against either party.
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(F) |
Captions and Headings. The paragraph headings throughout this Agreement are for convenience and reference only, and shall in no way be deemed to define, limit or add to the meaning of any provision of this Agreement.
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(G) |
State Law. The laws of the State of Texas shall govern this Agreement, its interpretation and its application.
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(H) |
Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. Execution and delivery of this Agreement by exchange of facsimile copies bearing facsimile signature of a party shall constitute a valid and binding execution and delivery of this Agreement by such party. Such facsimile copies shall constitute enforceable original documents.
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(I) |
Costs. In the event of any legal proceeding between any of the parties to enforce or defend the terms and rights set forth in this Agreement, the prevailing party or parties shall be paid all reasonable costs of such legal proceeding, including but not limited to, attorneys' fees by the other party or parties.
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(J) |
Notices and Waivers. Any notice or waiver required or permitted to be given by the parties hereto shall be in writing and shall be deemed to have been given, when delivered, 3 business days after being mailed by certified or registered mail, faxed during regular business hours of the recipient and there is confirmation of receipt, or sent by prepaid full rate telegram to the following addresses:
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To G2: | To the Client: | |
Xxxx Xxxxxx, President | Xxxx Xxxxxx, President | |
G2 International, Inc. | Tiger Trade Technologies, Inc. | |
0000 XXX Xxxxxxx | 0000 XXX Xxxxxxx | |
Xxxxx 0000 | Xxxxx 0000 | |
Xxxxxx, Xxxxx 00000 | Xxxxxx, Xxxxx 00000 |
IN WITNESS WHERE OF, the parties have executed this Agreement to be effective as of the day and year first above written notwithstanding the actual date of signatures.
G2 International, Inc. | Tiger Trade Technologies, Inc. | ||
By: | /s/ Xxxx Xxxxxx | By: | /s/ Xxxx Xxxxxx |
Xxxx Xxxxxx, President | Xxxx Xxxxxx, President |