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CONSULTING SERVICES AGREEMENT

Consulting Services Agreement

CONSULTING SERVICES AGREEMENT | Document Parties: EESTECH, INC. | MJB CAPITAL LTD  | MURRAY JAMES BAILEY You are currently viewing:
This Consulting Services Agreement involves

EESTECH, INC. | MJB CAPITAL LTD | MURRAY JAMES BAILEY

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Title: CONSULTING SERVICES AGREEMENT
Date: 4/17/2007

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Exhibit 10.5

 

CONSULTING SERVICES AGREEMENT

 

This Agreement is made this   20th    day of   December 2006

 

BETWEEN

EESTECH INC. of 23011 Moulton Parkway, Suite A-10 Laguna Hills, California, 92653 United States of America (“EESTech”)

 

 

AND

MJB CAPITAL LTD of 6/36 Polygon Rd, St Heliers, Auckland, NZ (“the Consultant”)

 

 

AND

MURRAY JAMES BAILEY of 14 Southern Cross Drive, Cronin Island in the State of Queensland (“the Key Personnel”)

 

BACKGROUND

 

 

A.

EESTech is desirous of engaging the services of the Consultant to perform the services more particularly set out in this agreement.

 

 

B.

The Consultant is desirous of accepting EESTech’s offer of a consultancy arrangement.

 

 

C.

This agreement sets out the terms of the Consultant’s engagement to perform the services set out in this agreement.

 

 

OPERATIVE PROVISIONS

 

1.

This agreement supersedes all previous agreements entered into between the parties.

 

2.

Duration of Agreement

 

 

2.1.

This agreement shall commence on 3 July 2007 and shall continue until terminated in accordance with the terms of this agreement.

 

 

 


 

 

3.

Consulting Services

 

 

3.1.

The Consultant will:-

 

 

3.1.1.

inform itself as to the requirements of EESTech in respect of the consulting services;

 

 

3.1.2.

consult regularly with EESTech throughout the performance of the consulting services and perform the consulting services as directed by EESTech acting reasonably;

 

 

3.1.3.

  act professionally at all times in the performance of the consulting services exercising the skill care and diligence normally required in this respect and perform or cause to be performed the consulting services in a proper and professional manner

 

4.

Key Personnel

 

 

4.1.

The Consultant by the execution of this agreement nominates Murray James Bailey to carry out, perform and provide the consulting services.

 

 

4.2.

The Consultant, Key Personnel and any other person who supplies, performs or carries out the consulting services shall not be taken to be or become employees or agents of EESTech and are independent contractors.

 

 

4.3.

The Consultant shall be responsible for effecting all insurances required under Workers Compensation legislation and shall be responsible for the remuneration of the Key Personnel.

 

5.

Remuneration

 

 

5.1.

The Consultant will be paid an annual fee of One Hundred and Twenty Thousand United States Dollars (USD$120,000.00) payable by monthly payments in arrears of Ten Thousand United States Dollars (USD$10,000.00) .

 

 

5.2.

The monthly payments will be converted to any currency as selected by the Consultant and payable at the opening exchange rate on the day of payment.

 

 

 


 


 

6.

Exclusions

 

 

6.1.

This agreement is not exclusive and nothing contained in this agreement will effect any existing or future consultancy arrangements which may be made by the Consultant provided that such consultancy arrangements do not conflict with the business of EESTech.

 

7.

Default and Termination

 

 

7.1.

Either party may terminate this agreement in writing to the other by giving three (3) months written notice to the other.

 

 

7.2.

Despite spite clause 7.1, either party may terminate this agreement with immediate effect by giving written notice to the other part if the other party breaches any provision of this agreement and fails to take reasonable steps to remedy the breach within fourteen (14) days after receiving notice to do so.

 

 

7.3.

Despite clauses 7.1 and 7.2, either party may terminate this agreement without notice if the other party:-

 

7.3.1.   become


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