Back to top

CONSULTING AGREEMENT

Consulting Services Agreement

CONSULTING AGREEMENT You are currently viewing:
This Consulting Services Agreement involves

CIMBIX CORPORATION | STRATUS INVESTMENTS GROUP INC

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: CONSULTING AGREEMENT
Date: 6/21/2005

Search Consulting Services Agreement by:

Document Title:

Entire Document: (optional)

50 of the Top 250 law firms use our Products every day

CONSULTING AGREEMENT

This consulting agreement (this "Agreement") is made this 17th day of June,

2005, between CIMBIX CORPORATION, a bulletin board public company ("CBXC"),

and STRATUS INVESTMENTS GROUP INC. ("STRATUS") a Consultant (collectively

the "Parties" and each individually a "Party").

RECITALS:

STRATUS is a consultant who desire to provide consulting services to CBXC;

and

CBXC desires to retain STRATUS as a marketing and feasibility consultant.

NOW THEREFORE, in consideration of their mutual promises made herein, and

for other good and valuable consideration, receipt of which is hereby

acknowledged by each Party, the Parties, intending to be legally bound,

hereby agree as follows:

I. Recitals. The Parties agree that the foregoing recitals are true

and correct and are incorporated herein by reference.

II. Engagement. CBXC hereby engages STRATUS and CBXC hereby accepts

such engagement upon the terms and conditions set forth in this Agreement.

A. Duties: STRATUS is engaged by CBXC as a marketing and

feasibility consultant, to represent CBXC and its business in

Czechoslovakia; to assist CBXC in expanding its business operations

in "business consulting" services and trade. STRATUS will report

directly to the board of directors of CBXC. The term of this

Agreement begins immediately.

B. Terms: Subject to the terms of this Agreement relating to

termination, this Agreement shall continue in full force and effect

for a term of twelve (12) months from the date thereof, and may be

renewed for successive periods of twelve (12) months thereafter by

the mutual written agreement of the Parties hereto made at least one

(1) month prior to the expiration of such term.

C. Fee Structure:

1. Time is of the Essence: Time is of the essence with respect

to the Parties' respective obligations under this Agreement.

2. Amount of Fee: CBXC hereby agrees to issue to STRATUS, and

STRATUS agrees to accept from CBXC, three hundred fifty thousand

(350,000) shares of common stock of CBXC, which will be registered

by CBXC on a Registration Statement Form S-8 with the Securities

and Exchange Commission.

3. Timing of Payment of Fee: CBXC shall pay and release Shares

to STRATUS upon satisfaction of performance from time to tome in

stages commencing within thirty (30) days from filing of the

Registration Statement. Failure of CBXC to finally pay any Shares

within thirty (30) days after the applicable due date shall be

deemed a material breach of this Agreement, justifying suspension

of the performance of the Services provided by STRATUS and will be

sufficient cause for immediate termination of this Agreement by

STRATUS, and such breach will cause this Agreement to be null and

void.

D. Independent Contractors: In all matters relating to this

Agreement and otherwise, the Parties hereto shall be and act as

independent contractors, neither shall be the employee or agent of the

other, and each shall assume any and all liabilities for its own acts. As

a result of his independent contractor status, STRATUS, and not CBXC,

shall be responsible for any and all income taxes and any and all other

employment related taxes or assessments which may be required of STRATUS

in his jurisdiction. Neither Party shall have any authority to create

any obligations, express or implied, on behalf of the other Party and

neither Party shall have any authority to represent the other Party as

an employee or in any capacity other than as herein provided.

III. Termination: This Agreement may be terminated by written notice of

either Party hereto forwarded to the other Party hereto. This Agreement shall

be binding on the Parties hereto for the Term provided herein, unless

terminated as provided herein.

IV. Arbitration: Any controversy or claim arising out of or relating to

this Agreement, or the breach thereof, or its interpretation or effectiveness,

and which is not settled between the Parties themselves, shall be settled by

binding arbitration in Washington and judgment upon the award may be entered

in any court having jurisdiction thereof. Nothing, however, contained herein

shall limit CBXC's rights to injunctive relief as set out in Paragraph V of

this Agreement. The prevailing Party in any litigation, arbitration or

mediation relating to collection of fees, or any other matter under this

Agreement, shall be entitled to recover all its costs, if any, including

without limitation, reasonable attorney's fees, from the other Party for all

matters, including, but no limited to, appeals.

V. Injunctive Relief: STRATUS agrees that his violation or threatened

violation of any of the provisions of this Agreement shall cause immediate

and irreparable harm to CBXC and, in such event, an injunction restraining

This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more