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HQ Sustainable Maritime Industries, Inc | Stanley Wunderlich .

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Title: Agreement
Date: 11/9/2005
Industry: AGRLIV     Sector: NONCYC

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EXHIBIT 10.17

Form of Agreement

Stanley Wunderlich

 

October 15, 2005

Norbert Sporns

CEO

HQ Sustainable Maritime Industries, Inc.

7305 Marie-Victorin

Suite 100

Brossard Quebec,

Canada

J4W 1A6

Dear Mr. Sporns,

This Agreement, dated as of October 15, 2005 is entered into by and between HQ

Sustainable Maritime Industries, Inc. ("The Company") with offices located at

7305 Marie-Victorin Suite 100 Brossard, Quebec Canada J4W 1A6 and Stanley

Wunderlich . (the "Consultant").

RECITALS

Whereas, the Consultant has experience in the investment banking and financial

services business, investor relations, public relations and corporate

development activities,

Whereas, the Consultant desires to provide the financial advisory services (the

"Services") set forth in Section 3 hereof to the Company and the Company desires

to retain the consultant to provide the Services to the Company.

NOW THEREFORE, in consideration of the premises and the mutual convenants and

agreement hereinafter set forth, the parties hereto covenant and agree as

follows:

1. Retention. The Company hereby retains the Consultant, and the Consultant

agrees to be retained by the Company, to perform the Services as a Consultant to

the Company on the terms and conditions set forth herein. The parties agree that

the Consultant shall be retained by the Company as an independent contractor on

a consulting basis and not as an employee of the Company.

2. Term. The term of this Agreement shall commence on the date hereof and shall

end on December 31, 2006, unless terminated earlier pursuant to Section 6

hereof.

3. Duties of Consultant. During the term of this Agreement Consultant shall

provide the Company with such regular and customary consulting advice as is

reasonably requested by the Company, within the scope of the services enumerated

below. It is understood and acknowledged by the parties that the value of

Consultant's advice is not readily quantifiable, and that Consultant shall be

obligated to render advice upon the request of the Company, in good faith, but

not be obligated to spend any specific amount of time in so doing. In addition

the annexed document describing the "China Program" will be considered the core

essential services to be provided.

4. Compensation. In consideration for the services rendered by Consultant to the

Company pursuant to this Agreement, the Company shall pay to the Consultant

$3,000.00 upon the signing of this agreement (October 15th thru November 30th),

and $2,000.00 by the tenth of December and for each successive month during t

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