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ELEMENT92 RESOURCES CORP. COMPUTER MANAGEMENT CONSULTING AGREEMENT

Consulting Services Agreement

ELEMENT92 RESOURCES CORP. COMPUTER MANAGEMENT CONSULTING AGREEMENT | Document Parties: ELEMENT92 RESOURCES CORP. You are currently viewing:
This Consulting Services Agreement involves

ELEMENT92 RESOURCES CORP.

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Title: ELEMENT92 RESOURCES CORP. COMPUTER MANAGEMENT CONSULTING AGREEMENT
Governing Law: Wyoming     Date: 7/10/2008

ELEMENT92 RESOURCES CORP. COMPUTER MANAGEMENT CONSULTING AGREEMENT, Parties: element92 resources corp.
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Exhibit 10.2


 

ELEMENT92 RESOURCES CORP.
   COMPUTER MANAGEMENT
   CONSULTING AGREEMENT


This Consulting Agreement (this "Agreement") is made and entered into as of March 10, 2007 by and between Element92 Resources Corp., a Wyoming corporation (hereinafter referred to as the "Company") and Robert Carpenter, a consultant, residing at #27 - 7428 Southwynde Ave, Burnaby, British Columbia, Canada, (hereinafter referred to as the "Consultant").

RECITALS

WHEREAS, Consultant has extensive training and experience in all aspects of computer technology, information technology and Internet development and technology;

WHEREAS , the Company wishes to engage the services of the Consultant as an advisor and resource person to assist the Company in developing its business plan;

NOW THEREFORE, in consideration of the mutual promises herein contained, the parties hereto hereby agree as follows:

1. CONSULTING SERVICES

The Company hereby retains the Consultant to act as the Computer Management Consultant of the Company and the Consultant hereby accepts and agrees to such retention. The Consultant, in his capacity as the Computer Management Consultant shall assist with management and with directing the development and maintenance of all aspects of the Company’s computer programs including but not limited to assistance with the development, implementation and maintenance of the Company’s website(s), the Company’s use of computers to properly conduct its daily affairs and the use of computers to develop its online information and communications programs. In addition, the Consultant shall have and perform such other duties as are customarily performed by one holding such position in other businesses or enterprises and shall have and perform such unrelated duties and services as may be assigned to him from time to time by the Board of Directors of the Company. The Consultant agrees to abide by the Company policies and procedures established from time to time by the Company. The Consultant shall accept from the Company, as full compensation for his services, including, without limitation, any services rendered by him or of any parent, subsidiary or affiliate of the Company, compensation in the form of shares of the Company’s common stock, $0.001 par value per share (hereinafter referred to as the “Common Stock”) as provided in subsection a of Section 4 below.

2. TERM OF AGREEMENT

This Agreement shall be in full force and effect commencing upon the date hereof and concluding at the close of business on the same date in three years ("termination date"). Either Party may, at its own discretion, elect to terminate this Agreement by giving notice in writing 30 days in advance of the termination. Either party hereto shall have the right to terminate this Agreement without notice in the event of the death, bankruptcy, insolvency, or assignment for the benefit of creditors of the other party. Consultant shall have the right to terminate this Agreement if Company fails to comply with any of the material terms of this Agreement, including without limitation its responsibilities as set forth in this Agreement, and such failure


 

continues un-remedied for a period of thirty (30) days after written notice to the Company by Consultant. The Company shall have the right to terminate this Agreement upon delivery to Consultant of notice setting forth with specificity facts comprising a material breach of this Agreement by Consultant. Consultant shall have thirty (30) days to remedy such breach. Upon completion of one full year of service, the Consultant shall maintain full right to all shares as described in Paragraph 4.

3. TIME DEVOTED BY CONSULTANT

It is anticipated that the Consultant shall spend as much time as deemed necessary by the Consultant in order to perform the obligations of Consultant hereunder.

4. COMPENSATION TO CONSULTANT

In exchange for current and future Consulting Services provided or to be provided by the Consultant to Company, the Company shall issue to the consultant, 500,000 common shares of the Company at a deemed price of $0.01 per share. The shares of Common Stock to be issued to the Consultant, shall be “restricted securities” as defined in Rule 144 of the General Rules and Regulations under the Securities Act of 1933, as amended (hereinafter referred to as the “Act”), and may not be sold unless registered pursuant to the Act or in accordance with the terms of Rule 144.

5. INDEPENDENT CONTRACTOR

Both Company and the Consultant agree that the Consultant will act as an independent contractor in the performance of his duties under this Agreement. Nothing contained in this Agreement shall be constru


 
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