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CONSULTING AGREEMENT

Consulting Services Agreement

CONSULTING AGREEMENT | Document Parties: BEST ENERGY SERVICES, INC. You are currently viewing:
This Consulting Services Agreement involves

BEST ENERGY SERVICES, INC.

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Title: CONSULTING AGREEMENT
Governing Law: Texas     Date: 1/26/2009
Law Firm: Jackson Walker    

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CONSULTING AGREEMENT

 

 

This Consulting Agreement (this “ Agreement ”) is entered into as of January 20, 2009 (the “ Effective Date ”), between Best Energy Services, Inc., a Nevada corporation with offices at 1010 Lamar,

Suite 1200, Houston,   Texas 77002, (“ BES ” or the “ Company ”), and Larry W. Hargrave, an individual (“ Consultant ”).

 

Recitals

 

WHEREAS, Consultant was employed by BES as its President and Chief Executive Officer pursuant to an Employment Agreement dated March 5, 2008 (the “Employment Agreement”),

                 a copy of which is attached hereto as Exhibit A ; and

 

WHEREAS, Consultant resigned from his employment with BES effective October 13, 2008; and

 

WHEREAS, BES and Consultant entered into an Agreement setting forth the terms relating to the separation payment to be made to Consultant pursuant to the Employment Agreement,

                 a copy of which is attached hereto as Exhibit B ; and

 

WHEREAS, Consultant desires to perform, and BES desires to have Consultant perform, certain consulting services as an independent contractor to BES on the terms set forth in this Agreement.

 

 

Agreement

 

Now, Therefore , based on the foregoing premises and in consideration of the agreements contained herein, the parties agree as follows:

 

1.     Prior Affiliation .  The parties acknowledge that Consultant’s services for BES, as an officer and employee, have terminated as of October 13, 2008.

 

2.     Appointment and Acceptance .  BES retains Consultant to provide the consulting services defined in Section 3 below, and Consultant agrees to render such services to BES,

              in accordance with the terms and conditions set forth in this Agreement.

 

3.     Consulting Services .  Throughout the term of this Agreement, Consultant shall provide such services to BES as BES may reasonably request from time to time, including, without limitation,

               daily oversight of BES’ American Rig Housing business unit, which are collectively referred to as the “ Services .   Consultant shall report to the Company’s Chief Executive Officer.

 

4.     Services Commitment .  At the request of BES, Consultant shall provide BES with the Services at such times during normal working hours and at such places as BES may reasonably request.

 

5.     Term .  The term of this Agreement shall commence on January 15, 2009 and continue through June 15, 2009(the “ Term ”).

 

6.     Consultant’s Compensation .  Consultant shall be entitled to the following compensation, and no other compensation:

 

(a)   For Services, BES shall pay Consultant a consulting fee of $10,000.00 per month.  This amount will be payable in two installments of $5,000.00 each on the first and fifteen of each month during the Term.

 

(b)   Consultant shall be reimbursed for reasonable and documented actual business expenses incurred by Consultant in the performance of his duties and responsibilities under this Agreement

 in accordance with the policies and procedures of BES in effect from time to time.

 

7.      Termination .

 

(a)    If BES terminates this Agreement before the end of the term, BES is obligated to compensate Consultant as if Consultant had provided Services for the entire term;

and (ii) Sections 8 (Relationship of the Parties) and 9 (Confidential Information) shall survive termination of this Agreement.

 

(b)    If Consultant terminates this Agreement before the end of the term or advises that he intends to terminate this Agreement before the end of the term, BES shall have

 the right to accept Consultants    termination notice early (effectively choosing the date of termination) and shall have no obligation pay Consultant any compensation

past the termination date; and (ii) Sections 8 (Relationship of the Parties) and 9 (Confidential Information) shall survive termination of this Agreement.

 

 


 

 

8.     Relationship of Parties .

 

                              (a)   Nature of Contract .  The parties acknowledge and agree that Consultant is an independent contractor and is not an agent, partner or employee of BES,  and has no authority to bind BES

                               in any manner  without appropriate BES approvals.  Consultant shall perform the Services under the general direction of , but Consultant shall reasonably determine the manner and means by which

                               the  Services are accomplished, subject to the terms of this Agreement and the requirement  that Consultant shall at all times comply with applicable law.

 

                               (b)   Taxes .  Consultant shall report as income the consulting fees and any and all other consideration received by Consultant under this Agreement.  BES shall not withhold,

                             


 
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