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Exhibit 4.1
INDEPENDENT CONTRACTOR AGREEMENT
This Independent Contractor Agreement ("Agreement") is made and effective
this 27th day of July 2004, by and between Barry Russell ("Consultant") and
Global Wireless Satellite Networks (USA), Inc., a Delaware corporation
("Company")
WHEREAS, Company desires to engage Consultant to perform certain services
for the Company, pursuant to the terms and conditions stated in this Agreement,
and
WHEREAS, Consultant desires to perform certain services for Company,
pursuant to the terms and conditions stated herein.
NOW, THEREFORE, in consideration of the foregoing and the mutual promises
and covenants herein contained, the parties agree as follows:
1. Services to be Performed. Company desires that Consultant perform, and
Consultant agrees to perform the following services for the Company in the
indicated capacities:
o Actively attempt to locate a suitable merger candidate as well as analyze
and perform proper due diligence functions through consummation of such
transaction. In the event that Company identifies such a candidate,
Consultant shall assist Company in the foregoing functions, at no
additional expense to the Company, in order to consummate such merger.
Consultant shall spend no less than 10 hours per month performing the
duties enumerated herein.
2. Consultant's Performance. All work done by Consultant shall be of the highest
professional standard and shall be performed to Company's reasonable
satisfaction.
3. Status. Consultant's status under this Agreement shall be that of an
independent consultant, and not that of an agent or employee. Consultant
warrants and represents that he has complied with all federal, state and local
laws regarding business permits and licenses that may be required for him to
perform the work as set forth in this Agreement.
4. Terms of Compensation. In the event Consultant successfully performs all
services found in Section 1 of this Agreement, Company shall compensate
Consultant by issuing him One Percent (1%) of all shares issued as a result of
the potential merger transaction found in Section 1 of this Agreement ("Merger
Transaction") with a maximum of One Million (1,000,000) restricted shares
("Shares"). For a period of six months following the date of the Merger
Transaction, Consultant shall have customary anti-dilution rights to the extent
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the Company sells or issues shares of common stock for per share value less than
the per share value determined in the Merger Transaction. If the Company at any
time subsequent to the one year anniversary of this Agreement, proposes to
register any of its securities under the Securities Act, on any form other than
Form S-4 or any similar form then in effect, it shall each such time give
written notice to Consultant of its intention so to do and, upon the written
request of Consultant given within 20 days after the giving of any such notice
the Company shall use its best efforts to cause all such shares of common stock
to be included under the proposed registration for disposition by Consultant.
The Company shall use its best efforts to maintain the effectiveness of such
registration statement for a period of three years. Further, in the event that
Company files a registration statement on Form S-8 prior to July 23, 2005,
Consultant shall have the right to register that number of Shares equal to
Fifteen Percent (15%) of the total shares issued pursuant to that registration
statement.






