CONSULTING
AGREEMENT
EXHIBIT
10.1
CONSULTING
AGREEMENT
This
CONSULTING AGREEMENT (the “Agreement”) is entered into
as of November 7 th 2008 by and between Hollund
Industrial Marine, Inc., a Washington corporation
(“Hollund”), and Valor Energy Corp., a US corporation
(“Valor”).
RECITALS
WHEREAS,
Hollund desires to engage Valor as a consultant to a project
involving the development, production, and testing of the TigerLynk
Underwater Remote Manipulating System, (the “Machine’);
and
WHEREAS,
Valor desires to provide consulting services to Hollund as part of
the terms of the Agreement;
NOW,
THEREFORE, in consideration of the mutual promises, undertakings
and agreements below, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:
AGREEMENT
A.
Services.
Valor
will provide consulting services to Hollund during the development,
production and testing of the Machine. Valor’s role will be
one of project oversight. Valor will guide third-party contractors
in the performance of the required work. Valor will provide to
Hollund knowledge and project coordination expertise with the focus
on;
i.
Assisting
in the coordination of consultants, engineers and manufacturers
before and during the construction of the Machine, and;
ii.
Transferring
of applicable knowledge experience to Hollund reps and consultants
with the objective of preparing Hollund to continue future
developments without the assistance of Valor. It will be the
responsibility of Hollund to provide such person(s) for training
during this period.
B.
Compensation.
Hollund
agrees to pay Valor a monthly fee of twelve thousand
