Exhibit 10.26
CONSULTING AGREEMENT
THIS CONSULTING AGREEMENT ("Agreement") is made and entered into as of
this 26th day of November 2006 ("Effective Date") by and between, SENSE HOLDINGS
INC ("Company") and XXXXXX XXXXXXXX ("Consultant").
RECITALS
WHEREAS, Company desires to engage Consultant to perform certain
consulting services for it, and Consultant desires to perform consulting
services for the Company, subject to the terms and conditions of this Agreement.
.
THEREFORE, for the mutual promises contained herein, the parties hereto
agree as follows:
AGREEMENT
1. ENGAGEMENT BY CONSULTANT.
Company hereby engages Consultant and Consultant hereby agrees to hold
himself available to render, and to render at the request of the Company,
independent advisory and consulting services for the Company to the best of his
ability, upon the terms and conditions hereinafter set forth. Such consulting
services shall include, but not be limited to, consulting advice and performance
of services as outlined in Exhibit A.
2. TERM.
The term of this Agreement shall commence on December 15th, 2006
through and including May 15th, 2007 unless terminated or extended in accordance
with provisions of this Agreement. Agreement may be terminated by either party
after 90 days and with 7 days written notice.
3. COMPENSATION.
In consideration of the services to be rendered pursuant to this
Agreement, Consultant shall be entitled to receive compensation as outlined in
Exhibit B.
4. INDEPENDENT CONTRACTOR.
It is expressly agreed that Consultant is acting as an independent
contractor in performing his services hereunder, and this Agreement is not
intended to, nor does it create, an employer-employee relationship nor shall it
be construed as creating any joint venture or partnership between the Company
and Consultant. Consultant shall be responsible for all applicable federal,
state and other taxes related to Consultant's consulting fee and Company shall
not withhold or pay any such taxes on behalf of Consultant, including without
limitation social security, federal, state and other local income taxes. Since
Consultant is acting solely as an independent contractor under this Agreement,
Consultant shall not be entitled to insurance or other benefits normally
provided by Company to its employees.
5. ASSIGNMENT.
This Agreement is a personal one being entered into in reliance upon
and in consideration of the singular personal skill and qualifications of
Consultant. Neither Consultant nor the Company shall voluntarily, or by
operation of law assign or otherwise transfer the obligations incurred on its
part pursuant to terms of this Agreement without the prior written consent of
the other party. Any attempt at assignment or transfer by either party of its
obligations hereunder, without such consent, shall be null and void.
6. CONFIDENTIALITY.
Consultant recognizes that during the course of Consultant's activities
on behalf of the Company, he will accumulate certain proprietary and
confidential information and trade secrets used in the Company's business and
will have divulged to him certain confidential and proprietary information and
trade secrets about the business, operations and prospects of the Company, which
constitute valuable business assets of the Company. Consultant hereby
acknowledges and agrees that such information, except for information which is
in the public domain prior to Consultant's receipt thereof, or which
subsequently becomes part of the public domain other than by Consultant's breach
of a confidentiality obligation, or which Consultant can clearly demonstrate was
in his possession prior to receipt thereof from the Company and was developed by
Consultant or received by Consultant from a third-party without breach of such
third-parties confidentiality obligations with respect thereto ("Proprietary
Information") is confidential and proprietary and constitutes trade secret
information and the Proprietary Information belongs to the Company and not to
Consultant. Consultant agrees, to the extent not prohibited by law, that he
shall not, at any time during or after the Term of this Agreement and three
years after the expiration or termination of this Agreement, disclose, divulge
or make known, directly or indirectly, to any person, or otherwise use or
exploit in any manner any Proprietary Information obtained by Consultant under
this Agreement, except in connection with extent required by his performance of
his duties hereunder for the Company. Upon termination of this Agreement,
Consultant shall deliver to Company all tangible displays and repositories of
Proprietary information.
7. NON-CIRCUMVENTION
It is hereby agreed by and between parties hereto, to NON-CIRCUMVENTION
as to the knowledge, efforts, opportunities and procedures that the parties
involved may learn from one another or from the principals, addresses, telephone
and facsimile numbers of sellers, buyers, owners, lenders, borrowers, trusts,
investors, bankers, agents, brokers, finders, or others hereinafter referred to
as "CONTACTS".
It is understood and agreed that such CONTACTS of each party herein are
and shall be recognized as exclusive and valuable CONTACTS and the parties
hereto will not attempt to contact, deal with, or in any manner solicit the
CONTACTS introduced by any of the other parties, at any time or in any manner,
without the written consent of the party introducing said CONTACT, as well as
entering into a written Fee Agreement or other arrangement in writing acceptable
by all participants with the party who first provided such CONTACT.
Each of the undersigned hereby agrees, warrants and covenants not to,
in any way whatsoever, CIRCUMVENT or attempt to CIRCUMVENT in any present or
future transaction. It is understood and agreed that the companies and
individuals listed and attached hereto as exhibit C and their affiliates,
subsidiaries, companies and assigns and transactions arising out of these
introductions are conclusively deemed CONTACTS as defined herein first provided
by Finder. Finder shall add to this list from time to time, HOWEVER, any contact
introduced by Finder whether currently on this list or not, whether verbally or
in writing, shall be considered as one of Finder CONTACTS.
8. TERMINATION.
This Agreement may be terminated on the occurrence of any one of the
following events:
8.1 The expiration of the Term hereof;
8.2 The mutual agreement of the parties;
8.3 By the Company "with cause," effective upon delivery of written
notice to Consultant given at any time (without any necessity for prior notice)
if any of the following shall occur:
(a) A material breach of this Agreement by Consultant, which
breach has not been cured within thirty (30) days after a written
demand for such performance is delivered to Consultant by the Company
that specifically identifies the manner in which the Company believes
that Consultant has breached this Agreement;
(b) Any material acts or events which inhibit Consultant from
fully performing his responsibilities to the Company in good faith,
such as (i) a felony criminal conviction; (ii) any other criminal
conviction involving Consultant's lack of honesty or Consultant's moral
turpitude; (iii) drug or alcohol abuse; or (iv) acts of dishonesty,
gross carelessness or gross misconduct.
9. DISCLAIMER OF RESPONSIBILITY FOR ACTS OF COMPANY.
The obligations of the Consultant described in this Agreement consist
solely of the furnishing of information and advice to the Company. In no event
shall Consultant be required by this Agreement to act as the agent of the
Company or otherwise to represent or make decisions for the Company. All final
decisions with respect to acts of the Company or its affiliates, whether or not
made pursuant to or in reliance on information or advice furnished by Consultant
hereunder, shall be those of the Company or such affiliates and Consultant shall
under no circumstances be liable for any expenses incurred or loss suffered by
the Company as a consequence of such decisions.
10. GENERAL PROVISIONS.
10.1 Governing Law and Jurisdiction. This Agreement shall be governed
by and interpreted in accordance with the laws of the State of California. Each
of the parties hereto consents to such jurisdiction for the enforcement of this
Agreement and matters pertaining to the transaction and activities contemplated
hereby.
10.2 Attorneys' Fees. In the event a dispute arises with respect to
this Agreement, the party prevailing in such dispute shall be entitled to
recover all expenses, including, without limitation, reasonable attorneys' fees
and expenses incurred in ascertaining such party's rights, in preparing to
enforce or in enforcing such party's rights under this Agreement, whether or not
it was necessary for such party to institute suit.
10.3 Complete Agreement. This Agreement supersedes any and all of the
other agreements, either oral or in writing, between the Parties with respect to
the subject matter hereof and contains all of the covenants and agreements
between the parties with respect to such subject matter in any manner
whatsoever. Each party to this Agreement acknowledges that no representations,
inducements, promises or agreements, oral or otherwise, have been made by any
party, or anyone herein, and that no other agreement, statement or promise not
contained in this Agreement shall be valid or binding. This Agreement may be
changed or amended only by an amendment in writing signed by all of the Parties
or their respective successors-in-interest.
10.4 Binding. This Agreement shall be binding upon and inure to the
benefit of the successors-in-interest, assigns and personal representatives of
the respective Parties.
10.5 Notices. All notices and other communications provided for or
permitted hereunder shall be made by hand delivery, first class mail,
telex or telecopied, addressed as follows:
Party: Company: Attention: Dore Perler
------
Sense Holdings Inc.
0000 XX 000 Xxxxxx
Xxxxx 000
Xxxxxxx, XX 00000
000-000-0000
Consultant: Attention: Xxxxxx Xxxxxxxx
Marigot Drive
Boca Raton, Florida
000-000-0000
All such notices and communications shall be deemed to have been duly
given: when delivered by hand, if personally delivered; five (5) business days
after deposit in any United States Post Office in the continental United States,
postage prepaid, if mailed; when answered back, if telexed; and when receipt is
acknowledged or confirmed, if telefaxed. No notices may be sent via
computer-generated electronic mail (so-called "email").
10.6 Unenforceable Terms. Any provision hereof prohibited by law or
unenforceable under the law of any jurisdiction in which such provision is
applicable shall as to such jurisdiction only be ineffective without affecting
any other provision of this Agreement. To the full extent, however, that such
applicable law may be waived to the end that this Agreement be deemed to be a
valid and binding agreement enforceable in accordance with its terms, the
Parties hereto hereby waive such applicable law knowingly and understanding the
effect of such waiver.
10.7 Execution in Counterparts. This Agreement may be executed in
several counterparts and when so executed shall constitute one agreement binding
on all the Parties, notwithstanding that all the Parties are not signatory to
the original and same counterpart.
10.8 Further Assurance. From time to time each Party will execute and
deliver such further instruments and will take such other action as any other
Party may reasonably request in order to discharge and perform their obligations
and agreements hereunder and to give effect to the intentions expressed in this
Agreement.
10.9 Incorporation by Reference. All exhibits referred to in this
Agreement are incorporated herein in their entirety by such reference.
10.10 Miscellaneous Provisions. The various headings and numbers herein
and the grouping of provisions of this Agreement into separate articles and
paragraphs are for the purpose of convenience only and shall not be considered a
party hereof. The language in all parts of this Agreement shall in all cases be
construed in accordance with its fair meaning as if repared by all Parties to
the Agreement and not strictly for or against any of the Parties.
11. INDEMNIFICATION.
Both Parties shall indemnify, defend and hold the other party harmless
against any and all claims, loss, cost, liability, or expense (including,
without limitation, reasonable attorneys' fees and costs) incurred, sustained
and/or paid by either party arising out of (i) any breach by either party of any
of its representations, warranties or covenants made under or in connection with
this Agreement, or (ii) the gross negligence or willful misconduct of either
party in its performance under this Agreement.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as
of the day and year first above written.
"COMPANY" "CONSULTANT"
By: /s/ Dore Perler By /s/ Xxxxxx Xxxxxxxx
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Dore Perler Xxxxxx Xxxxxxxx
CEO
EXHIBIT A
ENGAGEMENT BY CONSULTANT:
During the term of this Agreement, Consultant will provide the
following services to the Company:
1 - The consultant will provide ongoing financial reporting
services.
2 - The consultant will act as an advisor to the company
EXHIBIT B
COMPENSATION:
As compensation for providing the services as outlined in Exhibit A,
Consultant will receive the following:
CONSULTANT shall receive a retainer of $ 3000.00 per month.
