This CONSULTING AGREEMENT is made and entered into as of August 1, 2009 by and between Carol Laws (“Consultant”), having a place of business at 4527 West 10 th Avenue, Vancouver, B.C. V6R 2J2 and Simple Tech Inc., a State of Nevada corporation (“Simple Tech Inc.” or the "Company"), having a place of business at 2829 Bird Avenue, Miami, FL 33130
WHEREAS, Consultant is in the
business of providing consulting services; and
NOW, THEREFORE, the parties hereto agree as follows:
1. INDEPENDENT CONTRACTOR STATUS. The parties acknowledge and agree that Consultant is an independent contractor and not an employee, agent, joint venture or partner of Simple Tech Inc. Consultant acknowledges and agrees that, as an independent contractor, Consultant will not be entitled to (i) make a claim for unemployment, worker’s compensation or disability, or (ii) receive any vacation, health, retirement or other benefits, pursuant to this Agreement or Consultant’s relationship with Simple Tech Inc. Simple Tech Inc. will not make state or federal unemployment insurance contributions on behalf of Consultant, or withhold FICA (Social Security) contributions or state and federal income taxes from its payments to Consultant. Consultant agrees that it shall make such contributions and withhold such taxes for any of its employees performing services.
2. PERFORMANCE OF SERVICES.
2.1. Consultant shall perform such
duties as a consultant as may be, from time to time, reasonably
delegated by or agreed to with the Board of Directors of Simple
Tech Inc. consistent with the Consultant's abilities. Consultant
agrees to provide services to Simple Tech Inc., and to promptly
deliver to Simple Tech Inc. any work product resulting from the
performance of services.
3.0. COMPENSATION; EXPENSES; AND PAYMENT .
3.1. Commencing August 1, 2009,
Simple Tech Inc. will pay the Consultant for all services rendered
to Simple Tech Inc. by the Consultant, a consulting fee of
$5,000.00 USD for the month of August 2009; and each month
thereafter through the terms of this Agreement.
4.0. TERM; TERMINATION OF SERVICES AND/OR AGREEMENT.
4.1. This Agreement is entered into as of August 1, 2009 and will continue in effect through June 30, 2010 unless terminated earlier in