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This Consulting Agreement (“Agreement”) entered into as of the date executed by
a businessdevelopment with Valde Group LLC consultant having principal offices at 641 East Lake Street, Wayzata, MN55391
______________________________________________________________________________(the "Company"),sets forth the understanding which has been reached concerning certain consulting services.
, Company desires to engage Consultant to carry out certain services as set forth in this Agreement; and
, Consultant has the requisite skill, knowledge and experience to provide such services and desires toprovide such services to Company.
, in consideration of the premises, the mutual obligations specified in this Agreement, andother good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the partieshereby agree as follows:I.
PURPOSE & TERM: Company hereby engages Consultant for an initial term of
12 months (“InitialTerm”), commencing on
______ , 2010,
to render consulting services as described in Article IIhereof. However, either party may terminate this Agreement during the Initial Term upon ninety (90)days prior written notice. From and after ________, this Agreement shall remain in full force andeffect and may be terminated upon thirty (30) days prior written notice. During such notice periods,the parties shall continue to perform all obligations under this Agreement, including payment of monthly installments and reimbursements of expenses in accordance with Articles III and IV hereof.II.
DUTIES OF CONSULTANT: During the term of this Agreement, Consultant shall use its bestefforts to provide Company the services as described below.A.
New Business Development consulting services
(“Business Development Services”), which shall include:
Consulting with the Company to identify new business opportunities2.
Developing sales and marketing strategies in conjunction with the
product and service offering;3.
Consulting with the Company to develop and project manage web based,mobile and other software solutions utilizing consultant offshoreDevelopment Centers;4.
Providing such other revenue generating advice and consulting as theCompany may reasonably request from time to time.III.
COMPENSATION: In consideration for the Business Development Services rendered byConsultant to Company pursuant to this Agreement, Company shall pay Consultant EightThousand Five Hundred dollars ($8,500.00) per month beginning _________, with said monthlyfee billed in advance on the first of each month and becoming due and payable within thirty (30)days.IV.
EXPENSES: It is mutually agreed upon that in addition to the compensation set forth in ArticleIII Company shall reimburse Consultant for all itemized out-of-pocket expenses incurred byConsultant on behalf of Client including any, telephone bills, overnight deliveries,
teleconferencing services, travel and lodging (the “Itemized Expenses”). Any and all Itemized
Expenses shall be supported by receipts or other written evidence of such expenditures maintained
at Consultant’s offices, unless otherwise requested by Company. All reimbursements shall be