Independent Contractor Agreement
This Independent Contractor Agreement ("Agreement") is between China Tel Group, Inc. ("ChinaTel") and Antonios Isaac ("Independent Contractor").
2. Term of this Agreement
The term of this Agreement shall be effective as of January 1, 2009 and shall expire November 6, 2009 ("Term").
3. Services to be Performed by Independent Contractor
Independent Contractor shall perform consulting services (the “Services”) of the following general description as an independent contractor to ChinaTel during the entire Term of this Agreement. The Services include, but are not limited to: (i) identifying and developing strategic partners, joint venture candidates and companies for target acquisition by ChinaTel, and (ii) negotiating the terms of contracts related to deployment of broadband networks, acquisitions and strategic partnerships; (iii) all of the above as related to ChinaTel’s operations in Asia and South America.
ChinaTel shall pay Independent Contractor for the Services described above for a fixed fee of 4,000,000 shares of ChinaTel's Series A common stock issued as S-8 stock ("Independent Contractor Fee"). The Independent Contractor Fee shall be paid as soon as is practical following the expiration of the Term of this Agreement.
5. State and Federal Taxes
Independent Contractor shall assume full responsibility for the payment of any taxes (or any other obligations or payments) that may be claimed as owed by any unit of government, as a result of remuneration paid to Independent Contractor for the performance of the Services. This includes income, Social Security, Medicare and self-employment taxes. Independent Contractor shall also pay all unemployment contributions related to the performance of the Services. Independent Contractor shall defend and indemnify ChinaTel with regard to any such payments.
6. Fringe Benefits
Independent Contractor shall not be eligible to receive any employee benefits from ChinaTel, including, but not limited to, medical, dental, vision, long-term disability, accidental death and dismemberment, flexible spending account, mental health services, family and medical care leave benefits, vacation benefits and participation in any ChinaTel 401 (k) plan.
7. Independent Contractor Status
The parties intend Independent Contractor to act as an independent contractor in the performance of the Services. Independent Contractor shall have the right to control and determine the methods and means of performing the Services. Independent Contractor shall use his own expertise and judgment in performing the Services, recognizing that ChinaTel is relying on Independent Contractor to consult, when appropriate, with employees of ChinaTel and its subsidiaries and affiliated companies.
Independent Contractor, at Independent Contractor's sole expense, may employ assistants as Independent Contractor deems appropriate to perform the Services. Independent Contractor shall be responsible for paying these assistants and expenses attributable to them, including income, Social Security, Medicare taxes and unemployment contributions. Independe