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FORM OF CONSULTANCY AGREEMENT

Consulting Services Agreement

FORM OF CONSULTANCY AGREEMENT | Document Parties: FUTUREIT, INC. You are currently viewing:
This Consulting Services Agreement involves

FUTUREIT, INC.

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Title: FORM OF CONSULTANCY AGREEMENT
Governing Law: New York     Date: 8/11/2009

FORM OF CONSULTANCY AGREEMENT, Parties: futureit  inc.
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Exhibit 10.2

FORM OF CONSULTANCY AGREEMENT

June , 2009

Shmuel Bachar
CEO

4 Hamelacha Street
North Industrial Area
Lod, Israel

Dear Mr. Bachar,

This Agreement, dated as of May 28, 2009 is entered into by and between Future IT (“The Company”) with offices located at 4 Hamelacha Street Lod, Israel and Stanley Wunderlich. (the “Consultant”) with a home address of XXXXXXXXXXXXX and an office address of 880 Third Avenue 6 th floor New York NY 10022

RECITALS

Whereas, the Consultant has experience in the investment banking and financial services business, investor relations, and corporate development activities,

Whereas, the Consultant desires to provide the financial advisory services (the “Services”) set forth in Section 3 hereof to the Company and the Company desires to retain the Consultant to provide the Services to the Company.

NOW THEREFORE, in consideration of the premises and the mutual covenants and agreement hereinafter set forth, the parties hereto covenant and agree as follows:

1. Retention. The Company hereby retains the Consultant, and the Consultant agrees to be retained by the Company, to perform the Services as a Consultant to the Company on the terms and conditions set forth herein. The parties agree that the Consultant shall be retained by the Company as an independent contractor on a consulting basis and not as an employee of the Company.

2. Term. The term of this Agreement shall commence on the date hereof and shall end on October 31, 2009, unless terminated earlier pursuant to Section 6 hereof.

3. Duties of Consultant. During the term of this Agreement Consultant shall provide the Company with such regular and customary consulting advice as is reasonably requested by the Company, within the scope of the services enumerated below. It is understood and acknowledged by the parties that the value of Consultant’s advice is not readily quantifiable, and that Consultant shall be obligated to render advice upon the request of the Company, in good faith, but not be obligated to spend any specific amount of time in so doing.

4. Compensation. In consideration for the services rendered by Consultant to the Company pursuant to this Agreement, the Company shall pay to the Consultant 25,000 restricted shares of Future IT and additional shares as described in the schedule at the end of this paragraph.. This fee will include all regular, ongoing routine out of pocket expenses, including communications (except press releases) mailings, fax broadcasts, etc. Unusual special requests would be approved in advance, and paid for by the company i.e. trip to Israel. The Company agrees to issue restricted shares in accordance with this schedule.



 

A five (5) month consulting agreement


 
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