This Consulting Services Agreement involves
Title: CONSULTING AGREEMENT
Governing Law: Florida Date: 11/23/2009
THIS CONSULTING AGREEMENT, dated for reference the 5 th day of August 2009, between Simple Tech, Inc. (the "Company") and Backend Technologies, LLC, a Florida Limited Liability Company (the "Consultant").
WHEREAS, Company wishes to engage the services of the Consultant to act as a consultant for Company and, the Consultant has agreed to accept such engagement on the terms and conditions set out herein.
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows:
Company hereby agrees to retain the Consultant and the Consultant agrees to work for Company, all in accordance with the terms and provisions of this Agreement.
The Consultant shall provide investor relations, project management and strategic consulting services in the following areas including, but not limited to: investor and media relations strategy development; story and message development; corporate and investor website development; material announcement composition; investor relations related vendor management; strategic business consulting; and other related consulting activities that may be required or assigned to Consultant from time to time.
The initial term of this Agreement shall be three (3) months commencing on August 5, 2009, and ending on November, 2009, (the "Initial Term").
The Consultant shall receive from the Company a fee of one hundred fifty thousand dollars ($150,000) (the "Fee") for services.
The Company shall reimburse the Consultant on demand for all extraordinary expenses and other disbursements, including but not limited to, travel, entertainment, mailing, printing and postage incurred by the Consultant on behalf of Company in connection with the performance of the consulting services pursuant to this Agreement. Extraordinary expenses and other disbursements, exceeding two hundred fifty dollars ($250.00), shall have the Company’s preapproval in writing.
Either party may terminate this Agreement by giving notice to the other party in writing thirty (30) days prior to the effective date of such termination. Any compensation called for under this Agreement through the termination date shall be paid by Company to Consultant.
The Consultant agrees that he shall not, either during the Term or at any time thereafter, disclose to any person, any confidential information concerning the business or affairs of Company which the Consultant may have acquired in the course of or incidental to the performance of obligations hereunder or otherwise, and the Consultant shall not directly or indirectly use (whether for his own benefit or to the detriment or intended detriment of Company) any confidential information he may acquire with respect to the business or affairs of C