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IX Energy Comprehensive Services Agreement

Consulting Services Agreement

IX Energy Comprehensive Services Agreement | Document Parties: IX ENERGY HOLDINGS, INC. | Gale Architecture, LLC You are currently viewing:
This Consulting Services Agreement involves

IX ENERGY HOLDINGS, INC. | Gale Architecture, LLC

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Title: IX Energy Comprehensive Services Agreement
Governing Law: Delaware     Date: 7/8/2009

IX Energy Comprehensive Services Agreement, Parties: ix energy holdings  inc. , gale architecture  llc
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IX Energy Comprehensive Services Agreement

The undersigned Gale Architecture, LLC (“Gale”), and IX Energy, Inc., (the “ Company ”), individually a “Party”, collectively the “ Parties ”, agree as follows:

1.

 

Background and Recitals.    In accordance with the terms and conditions of this Comprehensive Services Agreement , (the “ Agreement ”), Gale is hereby engaged by IX Energy as of 3/16/09 to provide services inclusive, but not limited to, that which would normally be considered the role and responsibilities of a Chief Technology Officer and related technical services including but not limited to engineering, design and architectural services as is customary for developing solar and other renewable energy projects. It is the intention of the Parties that GALE’s services shall be provided under this Agreement until such time that another Agreement shall supersede this Agreement.

 

2.

 

Role and Responsibilities.    Gale has agreed to provide the Company with highly skilled technical services in the areas of engineering, design, analysis and architecture and in particular, Mr. George Weiner shall act in the capacity of Chief Technology Officer (CTO) to IX Energy during the term of this Agreement. Mr. Weiner’s role as CTO shall include but not to be limited to oversight of all technology related aspects of IX Energy solar and other renewable energy systems. Additionally Mr. Weiner shall be responsible for managing a team of engineers and other technical resources within project budgets and further Mr. Weiner shall interface with IX Energy management in his capacity as CTO to ensure successful implementation of profitable projects during the term of this Agreement. The Parties agree and understand that Mr. Weiner’s responsibilities may evolve and change with respect to his role and the role of Gale, but that any material expansion of these responsibilities must be mutually agreed and in writing. In his role as CTO, Mr. Weiner agrees to commit at least fifty percent of his professional time to the Company.

 

3.

 

Remuneration.    In consideration of GALE’s services in furtherance of this Agreement, the Company shall provide as follows:

 

a.

 

Fee Plan Schedule for Consultant Activities:    This fee schedule will serve as a guideline to establishing remuneration on an ongoing basis:

 

(1)

 

Monthly Retainer Fee: Five thousand dollars ($5,000) per month and 5,000 stock options per month. Cash payment to be made twice a month, on the 1 st and 15 th of the each month beginning April 1st, 2009 for the prior two weeks period and stock options awarded at the end of each month, beginning with the month of April.

 

(2)

 

Commission Fees: For any new introduction(s) and development efforts made directly to IX Energy that result in a project for the Company, GALE will be entitled to one half a percent (.5%) of the gross project revenue (“ GPR ”) resulting from such introduction(s) with Gross Profit of up to ten percent (10%) and one percent (1.0%) of GPR for projects with Gross Profits in excess of ten percent (10%). All introductions must be agreed to by the Parties and shall be listed on Appendix A to this agreement prior to initial contact between the introduction and






2

IX Energy and such listing signifies approval of such Introduction by GALE. Any introduction that does not generate revenue within twelve months (12) months of listing shall be removed from Appendix A and GALE shall not be entitled any referral fees, unless otherwise agreed to by the Parties.

b.

 

Remuneration for services rende


 
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