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EXHIBIT 10.7
INDEPENDENT CONTRACTOR AGREEMENT
This Agreement is entered into by and between:
1. FINTEL Group Ltd, a Hong Kong corporation, located at Suite 308, Hang Bong
Centre, 28 Shanghai Street, Kowloon, Hongkong, or its designated affiliates
(herein referred to as "FINTEL"); and
2. Info Media Company, a Hong Kong company, located at 14-I, 127 King's Road,
Hong Kong, herein referred to as "CONTRACTOR".
WHEREAS:
FINTEL agrees to employ the services of CONTRACTOR and CONTRACTOR accepts to
provide his services to FINTEL, under the following terms and conditions.
3. TERM: The term of this agreement is one (1) years, starting January 1st,
2005 through December 31st, 2005;
4. DUTIES: The services provided by CONTRACTOR will be as follows: (a)
locating potential clients (b) handling the negotiation (c) concluding the
transaction (d) servicing the clients' needs and (e) ensuring the
performance of the obligations of client and FINTEL. Additional duties
might be required as agreed by both parties. CONTRACTOR will devote the
best efforts in and to the faithful performance of the duties assigned by
FINTEL.
5. COMPENSATION:
In consideration of the services to be rendered by CONTRACTOR as assigned
by FINTEL, FINTEL shall pay an annual compensation and benefits based on
the net income generated by CONTRACTOR per each client, not withstanding
the termination of this contract, as follows:
a) Cash payment is calculated at 33.33% of the net income received by
FINTEL as a result of CONTRACTOR's services. The payments will be made
according to the schedule of payments actually received by FINTEL;
b) In addition, CONTRACTOR will be issued an option to purchase FINTEL
restricted common shares on the same date as the issuance of shares
per completion of the deal. The amount of option shares will equal to
the total shares issued for the deal multiplied by the average share
price of 30 trading days before completion (in USD) or the closing
price on the date of completion, whichever is higher. For example, if
CONTRACTOR signed a deal to issue two million shares and the average
price of 30 tr






