<AQUENTIUM logo appears here>
P. O. Box 580943
19024 Ruppert Avenue
N. Palm Springs, CA 92258
Tel (760) 329-4139
Fax (760) 329-4096
Consulting and Business
Development Agreement
THIS AGREEMENT between
Ray Sabbaghi, the “Consultant” and Aquentium, Inc.
(AQNM) the “Company” is executed on October 11,
2008.
1.
APPOINTMENT
The Company hereby
retains Consultant to act in the capacity of Business Development
for the Company’s products and services.
2.
CONDITIONS OF APPOINTMENT
At this time, the
Company is seeking to expand its business and sales for its ozone
equipment for use in food processing, restaurants, schools,
hospitals, and water treatment and for its building materials and
low cost and disaster relief housing solutions:
A.
Consultant is an
independent Contractor and will be furnished with IRS form 1099 (if
applicable).
B.
Consultant is on a
non-exclusive basis and can not represent other competing ozone or
building material companies.
C.
All prior and new
Consultant leads that are introduced to the Company shall become
the joint property of the Consultant and the Company.
D.
Consultant will provide
Company a clear color copy of their Driver’s
License.
E.
Services provided by
Consultant are not for financing or stock promotion.
3.
COMPENSATION (Tiered & Bonuses)
Consultant shall receive
1,250,000 S-8 shares of the company’s common stock.
Consultant shall receive 2% commission on all gross sales of
equipment, products or projects completed through his efforts.
·
Payment of any
commissions to Consultant will occur within 14 business days of
completed projects that are paid in full by each client.
4.
TERMINATION [ sign
here:
]
This Agreement may be
terminated at any time by either party with a thirty (30) day
written notice to the other party. If the termination is
accepted and signed by both parties, compensation for established
clients will continue for five (5) years from the termination date.
However, if termination is FOR CAUSE including, but not
limited to a breech of contract, fraud, or criminal activity, etc.,
Company has the right to terminate this agreement immediately and
any and all compensation due on or after the termination date is
forfeited.
5.
RESTRICTIONS AND PROTECTIONS
There are currently no
restrictions or protected areas around the world other than the
Country of Nigera for ozone equipment. As other protected
areas in the world are applied for and granted, written notice will
be given.
[initials
“RS”]
1 of
5
<AQUENTIUM LOGO>
Business Development Agreement (continued)
www.AQUENTIUM.com Publicly Traded: AQNM
6.
SCOPE
It is understood that
Consultant is acting as a Consultant only, and shall have no
authority to enter into any commitments on the Company’s
behalf. Consultant has NO authority to:
A.
Sign for or on the
behalf of or otherwise obligate the Company
B.
Make any representations
other than those contained in the written materials provided by the
Company.
7.
CLIENT PROTECTION
All Business Development
is on a first documented basis. When conflicts arise
regarding ozone sales, Consultant agrees to be bound by the
decisions of the Company.
8.
MATERIAL CONTENT
Company grants
permission to fully use, re-print, re-format, and or exert writings
and material, including internet material, content and links for
the purposes of general information and education in regards to
ozone, and the Company’s products, goods and services.
At all times full credit will be attributed including name,
Company and when appropriate, contact information and links to
email and URLs. Furthermore, at no time shall the nature of
any content be altered to represent a new or different meaning,
intention or scope.
9.
AMENDMENTS
This Agreement may be
amended at any time by the Company with a written notice to the
Consultant. Consultant has thirty (30) days to accept the
amendments or terminate the agreement.
10.
APPLICABLE LAW
This Agreement is
governed by and construed under the laws of the State of
California, and any action brought by either party against the
other party to enforce or interpret this Agreement shall be brought
in arbitration as provided below.
11.
ARBITRATION
Any dispute or
controversy arising under or in connection with this Agreement
shall be settled exclusively by arbi