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This Consulting Agreement (the "Consulting Agreement") made as of November 12, 2001, by and between Xxxx Xxxxxxxxx, 00000 Xxxxxxxxx, Xxxxx 000,
Xxxxxx, XX 00000 ("Consultant") and ESYNCH Corporation, a Delaware Corporation, with offices at 00 Xxxxxx, Xxxxxx Xxxxxxxxxx, 00000 (the "Company").
WHEREAS, the Company requires and will continue to require consulting services relating management, strategic planning and marketing in connection with its
Consultant can provide the Company with strategic planning and marketing consulting services and is desirous of performing such services for the Company; and
the Company wishes to induce Consultant to provide these consulting services to the Company,
THEREFORE, in consideration of the mutual covenants hereinafter stated, it is agreed as follows:
Company hereby engages Consultant and Consultant agrees to render services to the Company as a consultant upon the terms and conditions hereinafter set forth.
term of this Consulting Agreement began as of the date of this Agreement, and shall terminate on November 11, 2002, unless earlier terminated in accordance with paragraph 7
herein or extended as agreed to between the parties.
the term of this Agreement, Consultant shall provide advice to undertake for and consult with the Company concerning management, marketing, consulting, strategic planning,
corporate organization and structure, financial matters in connection with the operation of the businesses of the Company, expansion of services, acquisitions and business opportunities, and shall
review and advise the Company regarding its overall progress, needs and condition. Consultant agrees to provide on a timely basis the following enumerated services plus any additional services
implementation of short-range and long-term strategic planning to fully develop and enhance the Company's assets, resources, products and services; and
the Company relative to its legal needs relating specifically to its corporate transactional needs.
4. DUTIES OF THE COMPANY.
Company shall provide Consultant, on a regular and timely basis, with all approved data and information about it, its subsidiaries, its management, its products and services and
its operations as shall be reasonably requested by Consultant, and shall advise Consultant of any facts which would affect the accuracy of any data and information previously supplied pursuant to this
paragraph. The Company shall promptly supply Consultant with full and complete copies of all financial reports, all fillings with all federal and state securities agencies; with full and complete
copies of all stockholder reports; with all data and information supplied by any financial analyst, and with all brochures or other sales materials relating to its products or services.
Company will immediately grant the 800,000 shares of the Company's Common. Consultant in providing the foregoing services, shall not be responsible for any out-of-pocket costs,
including, without limitation, travel, lodging, telephone, postage and Federal Express charges.
6. REPRESENTATION AND INDEMNIFICATION.
Company shall be deemed to have been made a continuing representation of the accuracy of any and all facts, material information and data which it supplies to Consultant and
acknowledges its awareness that Consultant will rely on such continuing representation in disseminating such information and otherwise performing its advisory functions. Consultant in the absence of
notice in writing from the Company, will rely on the continuing accuracy of material, information and data supplied by the Company. Consultant represents that he has knowledge of and is experienced in
providing the aforementioned services.
Termination: This Agreement may be terminated by either Party upon written notice to the other Party for any reason
which shall be effective five (5) business days from the date of such notice. This Agreement shall be terminated immediately upon written notice for material breach of this Agreement.
Modification: This Consulting Agreement sets forth the entire understanding of the Parties with respect to the subject
matter hereof. This Consulting Agreement may be amended only in writing signed by both Parties.
Notices: Any notice required or permitted to be given hereunder shall be in writing and shall be mailed or otherwise
delivered in person or by facsimile transmission at the address of such Party set forth above or to such other address or facsimile telephone number as the Party shall have furnished in writing to the
Waiver: Any waiver by either Party of a breach of any provision of this Consulting Agreement shall not operate as or be
construed to be a waiver of any other breach of that provision or of any breach of any
other provision of this Consulting Agreement. The failure of a Party to insist upon strict adherence to any term of this Consulting Agreement on one or more occasions will not be considered a waiver
or deprive that Party of the right thereafter to insist upon adherence to that term of any other term of this Consulting Agreement.
Assignment: The Options under this Agreement are assignable at the discretion of the Consultant.
Severability: If any provision of this Consulting Agreement is invalid, illegal, or unenforceable, the balance of this
Consulting Agreement shall remain in effect, and if any provision is inapplicable to any person or circumstance, it shall nevertheless remain applicable to all other persons and circumstances.
Disagreements: Any dispute or other disagreement arising from or out of this Consulting Agreement shall be submitted to
arbitration under the rules of the American Arbitration Association and the decision of the arbiter(s) shall be enforceable in any court having jurisdiction thereof. Arbitration shall occur
only in Los Angeles County, CA. The interpretation and the enforcement of this Agreement shall be governed by California Law as applied to residents of the State of California relating to contracts
executed in and to be performed solely within the State of California. In the event any dispute is arbitrated, the prevailing Party (as determined by the arbiter(s)) shall be entitled to recover that
Party's reasonable attorney's fees incurred (as determined by the arbiter(s)).
IN WITNESS WHEREOF, this Consulting Agreement has been executed by the Parties as of the date first above written.
|Diamond Entertainment Corporation
|/s/ Xxxxxx Xxxxxxxxx
|Chief Executive Officer