Standard Contracts
ContractConsulting Agreement • April 19th, 2001 • Pacel Corp • Services-prepackaged software • California
Contract Type FiledApril 19th, 2001 Company Industry JurisdictionCONSULTING AGREEMENT Consulting Services Agreement This Consulting Agreement ["the Agreement"] entered into on the date herein below set forth adjacent to the signatures of the parties executing the same between Mervyn Phelan, Jr., an individual, and its nominees, hereinafter referred to as "Consultants" and Pacel Corp, hereinafter referred to as "Client." Whereas Client has the need of the services of Consultant to conduct due diligence studies and other investigations in with respect to future acquisitions; and Whereas Client is presently without the necessary funds to pay Consultant for the services which Consultant will provide; and Whereas Consultant is agrees to take stock in Pacel Corp in lieu of other compensation for the work to be performed, THE PARTIES HEREBY AGREE AS FOLLOWS:
TO: David Calkins FROM: Bo Phelan RE: Consulting AgreementConsulting Agreement • April 19th, 2001 • Pacel Corp • Services-prepackaged software
Contract Type FiledApril 19th, 2001 Company IndustryDear David: Regarding my 250,000 S-8 shares, the following applies: * Consultants services are not and will not be to promote, maintain a market for the Company's securities to the general public or in the connection with, or related to capital raising transactions. * Any compensation received herein will not be used in connection with distribution of the Company's securities or to the general public nor will the Consultant act as a conduit for the distribution of such securities. * Consultant is a natural person who has contracted directly with the Company. * Consultant will not provide any services in connection with any potential restructuring of the capital of the Company. Sincerely, /s/ Bo Phelan Bo Phelan