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BUSINESS CONSULTANT AGREEMENT

Consulting Services Agreement

BUSINESS CONSULTANT AGREEMENT | Document Parties: DISABOOM, INC. You are currently viewing:
This Consulting Services Agreement involves

DISABOOM, INC.

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Title: BUSINESS CONSULTANT AGREEMENT
Governing Law: Colorado     Date: 11/7/2008

BUSINESS CONSULTANT AGREEMENT, Parties: disaboom  inc.
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Exhibit 10.2

BUSINESS CONSULTANT AGREEMENT

        THIS BUSINESS CONSULTANT AGREEMENT (“Agreement”) is entered into effective November 4, 2008, between DISABOOM, INC., a Colorado corporation, with its principal offices located at 7730 E. Belleview Ave., Suite A-306, Greenwood Village, CO 80111 (the “Company”), and J.W. Roth having an address of 15975 Winding Trail Road, Colorado Springs, CO 80908 (“Roth”). The Company and Roth are referred to herein as the “Parties.”

        WHEREAS, Roth previously served as the Company’s chief executive officer and contemporaneously herewith are entering into a Severance Agreement whereby the Parties have mutually agreed to terminate Roth’s employment with the Company.

        WHEREAS, Roth will continue to serve as the Company’s chairman of the board of directors and has agreed to provide certain consulting services on behalf of the Company.

        NOW THEREFORE, in consideration of the following covenants and promises and for other valuable consideration as described below, the Parties hereby agree as follows:

        1.            Consulting Services . Roth agrees to provide certain consulting services for the Company (the “Consulting Services”) which shall consist of consultations with management of the Company as management may from time to time require during the term of this Agreement. Such consultation with management shall be with respect to public relations, business promotion, business growth and development, including mergers and acquisitions, and general business consultation.  The Consulting Services may include services pertaining to promoting the Company’s relationship with the financial and disabled communities, the preparation and distribution of reports and news releases to keep existing shareholders informed about the Company’s activities, maintaining regular communications with shareholders, and such other matters as may be agreed upon between the Company and Roth.

        2.            Term of Agreement . The term of this Agreement shall commence on the date hereof and shall continue unless and until terminated by either party. Either party may terminate this Agreement at any time and for any reason by providing the other party written notice.

        3.            Consideration .

                          3.1.   During the term of this Agreement the Company shall pay Roth cash compensation as follows:

 

                      (a)               For the months of November and December 2008 Roth shall be paid at a monthly rate equal to $16,667 per month.




 

                      (b)               From January 1, 2009 until the termination of this Agreement, Roth shall be paid a monthly rate equal to $5,000 per month, payable on the 30 th day of the month and payable in full for any day of the month for which this Agreement is in effect.



                          3.2 All payments due to Roth under section 3.1(a) hereof shall be paid to Roth on or about the 15 th day and final day of each month, with half of the monthly consideration being paid on each date.

                          3.3 If this Agreement is terminated by either party the payment due to Roth under section 3.1(a) hereof for the month in which this Agreement is terminated shall be paid to Roth on a pro-rata basis based on the date at which the Agreement is terminated.

        3.4 Expenses incurred by Roth in performing services under this Agreement shall be reimbursed at cost within 30 days of receipt of an invoice at the offices of the Company. Notwithstanding, all expenses in excess of $500 shall be approved in writing prior to Roth incurring any expense for which he intends to be reimbursed.

        4.        Confidentiality of Company Information . Roth agrees at all times during the term this Agreement and thereafter to hold in strictest confidence, and not to use, ex


 
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