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Consulting Agreement Between [insert Applicant / Company Name] & Trading As Kolacor System s Limited
{Please Print On Company Letter head }
thereof), whichever is longer, and continue in full force and effect for a period of thirty-six months thereafter.
2. COMPENSATION TO CONSULTANT. Company agrees to compensate and deem as earned by Consultant, without the right of recourse, refund or accountability, the following separate consultancy fees :
• Company shall pay to Consultant's Euro 150,000 (One Hundred Fifty Thousand Euro Dollars) per Annum. to engage his services explain and process an application, and f or the use of Consultant's time and knowledge and to cover
•
any disbursements e.g. international telephone calls, postage, courier charges etc.
for the period of this Agreement, or until this Agreement is successfully concluded, whichever is the shorter period.
• This fee will cover all initial preparation work, explanations etc, in order to present a funding request to Consultant's panel of lenders, collateral providers and financiers. This is not a payment for success, merely to cover monthly expenses and engagement of services.
• This payment will be made for each and every application or arrangement for collateral enhancement or funding for commercial or humanitarian projects.
• Company or entities and individuals will make all payments within three banking days of receipt of invoice.
• In the unlikely event that foreign travel is required; Company agrees to pay any airfare (a business class return ticket), hotel accommodation, food expenses, plus an additional Euro 500 (Five Hundred Euro Dollars) per day charge (payable in advance) per person.
• Company agrees to pay Euro 10,000 (Ten Thousand Euro Dollars) upon
accepting and signing a Term Sheet, Conditional Offer, or other preliminary offer document from a lender, £under or provider in relation to Company's
application for collateral enhancement or funding for commercial or humanitarian projects.
• Company agrees to pay an amount (normally 2%) to be agreed as a percentage of
- Funding or Collateral delivered to Company or entities and individuals by appropriate relationships of Consultant, i.e. for delivery of Collateral, Corporate or Project Finance. This shall be agreed in a separate Fee Protection Agreement, which Company or entities and individuals hereby agree to sign. Said amount to be pad upon receipt of Collateral or Project Finance as per delivery or tranching schedule agreed with the provider.
• Company further agrees that Consultant's compensation hereunder is fair, reasonable and represents good value for Consultant's services as envisioned
herein, and does not constitute unfair fees, costs, prices, terms or conditions.
•
4. INDEPENDENT CONTRACTOR. Both the Company and Consultant agree that the Consultant will act as an independent contractor in the performance of its duties under this Agreement and that no agency relationship shall exist between the
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