Consulting agreement
December 2, 2004
This Agreement ("Agreement") is made by and between Geocom Resources Inc. ("Geocom"), a Nevada corporation located at 000 Xxxx Xxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxxxx, XX, 00000, and Xxxxx Xxxxxxxx, an independent contractor ("Xxxxxxxx"), with an address at 000 Xxxxxxx Xxxx, Xxxx, XX 00000.
WHEREAS Geocom wishes to retain the services of Xxxxxxxx on the terms and conditions contained herein, and;
WHEREAS Xxxxxxxx agrees to provide the services set forth in Section 2 of this Agreement, on the terms and conditions contained herein;
THIS AGREEMENT WITNESSETH that in consideration of the premises and mutual covenants and agreements hereinafter contained, and for other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged by the parties hereto), it is agreed by and between the parties hereto as follows:
1. Term
The services of Xxxxxxxx to Geocom shall commence on the 2nd day of December 2004 and continue for a term of 1 year. The term of this agreement may be extended by mutual agreement.
2. SERVICES
Xxxxxxxx shall provide financial and financial market advice to Geocom. These duties and responsibilities may be amended from time to time by mutual agreement of Geocom and Xxxxxxxx.
3. Compensation and Benefits
In consideration of the services to be provided by him hereunder, Geocom agrees to provide a stock option to Xxxxxxxx in the amount of 200,000 shares of Geocom. Geocom's Stock Option Plan Administrator shall grant and administer such stock option, and Xxxxxxxx agrees to abide by the rules of the Stock Option Plan, receipt of which is herein acknowledged. Xxxxxxxx also acknowledges receipt and agreement with Geocom's Xxxxxxx Xxxxxxx Policy Rules, a copy of which are hereby provided.
4.Termination
Either Geocom or Xxxxxxxx may terminate this Agreement with notice for cause. Otherwise, either Geocom or Xxxxxxxx may terminate this Agreement with thirty days notice to the other party
5. Confidentiality
Xxxxxxxx agrees that nonpublic information relating to Geocom is the property of Geocom and the unauthorized disclosure of such information is strictly forbidden. Further, Xxxxxxxx agrees that many of Geocom's Activities are confidential and sensitive in nature, and that disclosure of such Activities could be damaging to Geocom. Accordingly, Xxxxxxxx agrees to maintain the confidentiality of Geocom's Activities unless such disclosure to a legitimate governmental or other authority is required by law. Xxxxxxxx shall notify Geocom of any such lawful demand for disclosure, and allow Geocom to respond to or otherwise mitigate any consequences arising from the demand. Unless otherwise agreed by Geocom, Xxxxxxxx shall maintain the confidentiality of Geocom's Activities, including but not restricted to all data, studies, records, maps, electronic or intellectual information, and results of Xxxxxxxx'x Activities in respect of this Agreement affecting Geocom. Following termination of this Agreement, Contractor agrees to maintain confidentiality of all Geocom information for a period of two (2) years.
6. Notice
Any notice required to be given hereunder shall be deemed to have been properly given if delivered personally or sent by pre-paid registered mail as follows:
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a. to Xxxxxxxx: |
000 Xxxxxxx Xxxx |
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b. to Geocom: |
000 Xxxx Xxxxxxxx Xxxxxx |
and if sent by registered mail shall be deemed to have been received on the 4th business day of uninterrupted postal service following the date of mailing. Either party may change its address for notice at any time, by giving notice to the other party pursuant to the provisions of this agreement.
IN WITNESS WHEREOF the parties hereto have caused this agreement to be executed as of the 2nd day of December, 2004.
/s/ signed_________________________
GEOCOM RESOURCES INC.
/s/ Xxxxx Harrison__________________
XXXXX XXXXXXXX
