|
Signature Leisure,
Inc.
CONSULTING
AGREEMENT
|
THIS AGREEMENT
(hereinafter the
“Agreement”) is entered into this 30th day of March,
2007, by and between One Source Development, Inc
(hereinafter “OSD”), and Signature Leisure, Inc.
(hereinafter “Consultant”).
|
WITNESSETH:
In consideration of the mutual
promises and covenants contained herein, the parties agree as
follows:
|
1. EMPLOYMENT.
OSD hereby enlists Consultant as an
independent contractor and Consultant hereby accepts its position
as an independent contractor to OSD upon the terms and conditions
hereinafter set forth.
2. TERM.
The term of this Agreement shall be
for twelve (12) months from the date first written
above.
Any extension of the term shall
be agreed upon mutually with an amendment to this
agreement.
3. COMPENSATION.
OSD shall compensate Consultant
$150,000 (one hundred fifty thousand dollars) for the services
provided as set forth in Section 4 of this agreement upon OSD
achieving a quotation listing on the “Pink Sheets”,
which is a quotation service for market makers. Consultant is not
providing any form of legal consultation or legal services.
Compensation is for knowledge based consulting services and
strategic business relationship introductions, as set forth in
Section 4 of this agreement.
4. DUTIES AND OBLIGATIONS OF
CONSULTANT. Whereas OSD
desires to obtain a quotation listing on the “Pink
Sheets” and whereas Consultant has both knowledge and
professional contacts that can facilitate the process of requesting
and obtaining a quotation listing on the “Pinks
Sheets,” it is at the request of OSD that Consultant shall
have the following duties and obligations under this
Agreement:
4.1 General Business
Consulting. Consultant shall assist OSD with general business
consulting services. Such assistance shall be on a “best
efforts” basis. Servi
