Exhibit 10(x)
CONSULTING AGREEMENT
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:
1.
APPOINTMENT
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.
2.
SERVICES
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.
3.
TERM
The initial term of this Agreement shall be three (3) months
commencing on August 5, 2009, and ending on November, 2009, (the
"Initial Term").
4.
REMUNERATION
The Consultant shall receive from the Company a fee of one hundred
fifty thousand dollars ($150,000) (the "Fee") for
services.
5.
EXPENSES
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.
6.
TERMINATION
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.
7.
CONFIDENTIALITY
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
