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Consulting Services Agreement-ADVISORY BOARD MEMBER AGREEMENT

Consulting Services Agreement

Consulting Services Agreement-ADVISORY BOARD MEMBER AGREEMENT | Document Parties: BLOGGERWAVE, INC. | MIDSTONE CONSULTING LTD You are currently viewing:
This Consulting Services Agreement involves

BLOGGERWAVE, INC. | MIDSTONE CONSULTING LTD

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Title: Consulting Services Agreement-ADVISORY BOARD MEMBER AGREEMENT
Governing Law: Nevada     Date: 2/11/2010

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ADVISORY BOARD MEMBER AGREEMENT

 

THIS ADVISORY BOARD MEMBER AGREEMENT (this “ Agreement ”) is made and entered into effective this 22 nd of January, 2010, (the “ Effective Date ”), by and between Bloggerwave Inc., a Nevada corporation (the “ Corporation ”) and MIDSTONE CONSULTING LTD, a limited company registered in Cyprus under registration number HE 223716, whose registered office is at 3B Ifigenias Street, 2007 Strovolos, Nicosia, Cyprus Signatory is Kyriakos Yerolemou, Sole Director of Midstone Consulting Ltd, a business (the “Member).

 

RECITALS

 

THE PARTIES ENTER THIS AGREEMENT on the basis of the following facts, understandings and intentions:

 

A.  The Corporation has established and created an advisory board (the “Advisory Board”), pursuant to which the Advisory Board shall provide objective  information and advice to the Board of Directors of the Corporation on areas involving the Corporation’s intellectual property and its products and services;

 

B.  The Advisory Board shall consist of not less than three members who will serve for a term of not less than two years;

 

C.   The Member of the Advisory Board shall be technically knowledgeable and competent in the technical disciplines appropriate to understanding the Corporation’s intellectual property and its products and services;

 

D.     The Member desires to accept such appointment to the Advisory Board on such terms and conditions.

 

NOW, THEREFORE , in consideration of the above recitals incorporated herein and the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, the parties agree as follows:

 

1.            Appointment and Responsibilities .

 

1.1      

Appointment The Corporation does hereby appoint the Member for a two-year term to the Advisory Board (the “Appointment”) on the terms and conditions expressly set forth in this Agreement.  The Member does hereby accept and agree to appointment on the terms and conditions expressly set forth in this Agreement.

 

1.2

Responsibilities During the term of appointment, the Member shall serve on the Advisory Board unless and until it is otherwise determined by the Corporation’s Board of Directors.  It is the intention of the parties that the Member shall review subjects that the Board of Directors presents to the Advisory Board and prepare a written or verbal report of recommendations for consideration by the Board of Directors.

 

2.

Period of Appointment The Appointment shall, unless sooner terminated as provided herein, be a period of two years commencing on the Effective Date of the Member’s appointment t


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