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Exhibit 4.2
INDEPENDENT CONTRACTOR AGREEMENT
This Independent Contractor Agreement ("Agreement") is made and effective
this 20th day of August 2004, by and between Benjamin Mauerberger ("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 Million Seven Hundred Fifty Thousand Shares
(1,750,000) shares of common stock ("Shares"). Within 30 days after the
completion of such a merger, the Company shall file a registration statement on
Form S-8 and the Consultant shall have the right to register the Shares pursuant
to that registration statement or if such form of registration statement is no
longer available to Consultant as a result of the adoption of new laws with
respect to such form.
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5. Reimbursement of Expenses. Company shall reimburse Consultant for reasonable
monthly expenses provided the expenses are documented in writing by Consultant
to the satisfaction of the Company.
6. Termination. This Agreement may be terminated at anytime by Consultant during
the term hereof with 90 days written notice. Further, this Agreement may be
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