CONSULTING
AGREEMENT
THIS
CONSULTING AGREEMENT (the "Agreement") effective as
of September 13, 2008 (the “ Effective Date
”)
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BETWEEN
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PROTECWERX INC.
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800 Fifth Avenue, Suite
4100
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Seattle, Washington,
98104
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(the "
Company ")
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AND
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DARRIN ZINGER
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33110 Township Road
243
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Calgary, Alberta, T3Z
2M6
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(the “
Consultant ”)
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WHEREAS
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A.
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The Company is involved in
development of recreational and work safety apparel and
equipment.
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B.
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The Company wishes to retain
the Consultant as the Company’s Director, Chief Executive
Officer. Chief Financial Officer, Principal Accounting Officer,
Secretary and Treasurer.
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THIS
AGREEMENT WITNESSES THAT in consideration of the
premises and mutual covenants contained in this Agreement and other
good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties, intending to be legally
bound hereby, agree as follows:
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1.
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ENGAGEMENT AS A
CONSULTANT
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1.1
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The Company hereby engages the
Consultant as a consultant to provide the services of the
Consultant in accordance with the terms and conditions of this
Agreement and the Consultant hereby accepts such
engagement.
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2.
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TERM OF THIS
AGREEMENT
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2.1
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The term of this Agreement
shall begin as of the Effective Date and shall continue until
terminated by either party.
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3.
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CONSULTANT
SERVICES
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3.1
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The Consultant agrees to
perform the following services during the Term and undertake all
responsibilities and duties usual for the Director, Chief Executive
Officer, Chief Financial Officer, Principal Accounting Officer,
Secretary and Treasurer of the Company, including:
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The Consultant
shall:
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a)
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make all decisions and take
all actions involved in the directing and administering of the
Company;
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b)
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assist the Company in business
development;
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c)
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assist the Company in
identifying and additional products to add to its existing
technology;
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d)
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assist the Company in
targeting and procuring other potential mergers and acquisitions of
businesses complimentary to the Company;
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e)
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liaise with and assist the
Company’s legal counsel, accountants and auditors in the
production of legal, accounting and audit documents, including but
not limited to regulatory disclosure documents;
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f)
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Consultant shall develop,
implement, and oversee general management policies, and control and
reporting structures to enable the Company’s management to
optimally monitor and control the Company’s
operations;
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g)
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assist the Company in
completing and filing all required disclosure documents with the
SEC; and
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h)
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assist the Company in seeking
and retaining employees or consultants who will contribute to the
Company’s business plan
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(collectively, the " Consulting Services ")
3.2
The Consultant shall devote its time, attention and energies to the
business affairs of the Company as may be reasonably necessary for
the provision of the Consulting Services, or when otherwise hired
by the Company, and may not engage in other personal or business
activities during the days when the Company has retained the
Consultant’s services.
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3.3
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In providing the Consulting
Services, the Consultant shall:
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a)
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comply with all applicable
federal, provincial, state, municipal and foreign statutes, laws
and regulations;
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b)
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not make any misrepresentation
or omit to state any material fact that shall result in a
misrepresentation regarding the business of the Company;
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c)
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not disclose any information
about the Company, its business, or its subsidiaries to anyone
prior to the information being released to the general public,
unless specifically given written permission to make the specific
disclosure by the Company;
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d)
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exercise only such powers and
perform such duties in relation to the business of the Company as
may from time to time be vested in or assigned to it in writing by
the Company and comply with all reasonable directions given to it
by the Company in connection with the provision of the
Services;
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e)
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not hold itself out as being
able to commit the Company, or hold itself out as an agent,
partner, joint venture, employee, director or officer of the
Company; and
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f)
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not employ any person in any
capacity, or contract for the purchase or rental of any service,
article or material, nor make any commitment, agreement or
obligation whereby the Company shall be required to pay any monies
or other consideration without the Company's prior consent in each
instance.
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3.4
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The Consultant shall at all
times be an independent contractor and the Consultant shall not be
deemed to be an employee of the Company.
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4.
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CONSULTANT FEE
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4.1
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In consideration for the
provision of the Consulting Services during the Term, the Company
shall pay the Consultant:
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4.1.1
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a monthly fee of US
$400;
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4.1.2
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a monthly fee of US $1,400 if
the Company sells an aggregate of 5,000 units of its Ankle Armor
product during the Term
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4.1.3
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a monthly fee
of $4,900 if the Company sells an aggregate of 50,000 units of its
Ankle Armor product during the Term; or
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4.1.4
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a monthly fee of $14,900 if
the Company sells an aggregate of over 500,000 units of its Ankle
Armor product during the Term.
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4.2
The Company shall also pay the Consultant a monthly fee of $100 for
the use of 33110 Township Road 243, Calgary, Alberta, T3Z 2M6 as
its principal corporate office.
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5.
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REIMBURSEMENT OF
EXPENSES
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5.1
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The Consultant may incur
reasonable expenses in the performance of the services
requested
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by the Company.
In the event that such reasonable expenses are incurred, the
Consultant shall be reimbursed for their full cost by the Company.
Notwithstanding the preceding, any expenses over USD $300 must be
approved by the Company before they are incurred by the Consultant
and reimbursed.
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6.
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CONFIDENTIALITY
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6.1
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“ Confidential
Information ” means the specific terms and conditions set
forth in this Agreement, and any information of the Company, or of
any entity controlling, controlled by, or under common control with
the Company (individually and collectively an “
Affiliate ”), which information is non-public,
confidential or proprietary in nature, including, without
limitation, business information, trade secrets, technical or
non-technical data, know-how, formulas, patterns, compilations,
computer programs and software (including source and object code),
devices, drawings, processes, methods, techniques, financial and
product plans or data, lists of or information regarding actual or
potential customers or suppliers, and other business information
which: (i) derives economic value, actual or potential, from not
being generally known to or readily ascertainable by proper means,
by other persons who can obtain economic value from its disclosure
or use; and (ii) is the subject of efforts that are reasonable
under the circumstances to maintain its secrecy.
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6.2
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Consultant acknowledges that
certain of the material and information made available to
Consultant by the Company in the performance of the Consulting
Services shall constitute Confidential Information. Consultant
recognizes that the Confidential Information is the sole and
exclusive property of the Company, and Consultant shall use its
best efforts and exercise utmost diligence to protect and maintain
the confidentiality of the Confidential Information.
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Consultant shall not, directly
or indirectly, use or disclose the Confidential Information,
whether or not acquired,
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