CLIENT SERVICES AGREEMENT This Client Services Agreement ("Agreement") is made
by and between S L S Services, Inc. d/b/a Holt Oversight & Logistical
Technologies, Inc. ("HOLT") and Holt Hauling & Warehousing Systems, Inc.
("HHW") this First day of April, 1994. Recital HOLT is engaged in the ...
CLIENT SERVICES AGREEMENT
This Client Services Agreement ("Agreement") is made by and between S L S
Services, Inc. d/b/a Holt Oversight & Logistical Technologies, Inc. ("HOLT") and
Holt Hauling & Warehousing Systems, Inc. ("HHW") this First day of April, 1994.
HOLT is engaged in the business of providing to its clients a full
complement of services normally performed by business entities in the conduct
of their affairs.
HHW desires to enter into an agreement with HOLT for the furnishing of such
services required for the conduct of its business activities.
NOW THEREFORE, and in consideration of the premises, the parties agree to as
1. Purpose. HHW will purchase and HOLT will provide to HHW the services
designated on Exhibit A hereto and such other services HHW requests
HOLT to perform with respect to the normal business activities of HHW.
In addition to providing the personnel required to perform the
Services, HOLT shall provide all equipment, office, computer, and
otherwise necessary to perform the Services.
2. Term. The term of this Agreement shall commence effective the date of
signing and shall continue from year to year unless terminated in
accordance with this Agreement.
3. Independent Contractor. HOLT shall be an independent Contractor in the
performance of its obligations under this Agreement. Any employees of
HOLT who perform Services shall be the employees of HOLT solely and
HHW shall not be a joint employer of any of HOLT's employees. To that
end HOLT shall have the exclusive right and duty to supervise and
direct the day to day activities of its employees, including without
limitation, the responsibility to determine and pay their wages and
benefits and to pay all Federal, State and local taxes or
contributions imposed or required under unemployment, workers'
compensation, social security, Medicare, wage and income tax laws with
respect to them. HOLT shall have the sole right to add, remove or
replace any of its employees performing any of the Services. HHW shall
have the right to request HOLT to remove, replace or reassign any of
its personnel based upon a legitimate need to do so but such
determination shall be made in the sole discretion of HOLT.
4. Compensation. As compensation for the Services HHW shall pay a fee to
HOLT equal to Four percent (4%) of HHW' gross revenues. The fee shall
be paid monthly on the 30th day of each month following the month for
which such fee is determined.
5. Consultations. In addition to the Services provided, HOLT shall
designate and make available to meet and consult with the Board of
Directors and the officers of HHW the appropriate personnel to at
reasonable times concerning matters pertaining to the organization of
HHW' work force, the fiscal policy of HHW, the relationship of HHW
with its employees or with any organization representing its employees
and in general concerning any material problems arising in connection
with the business affairs of HHW.
6. Standard of Care. HOLT will discharge its obligations under this
Agreement with that level of care which a similarly situated
administrative services provider would exercise under similar
circumstances. HOLT shall not be liable to any party for any mistake
of judgment or other action taken in good faith or for any liability
expense or loss whatsoever, unless it is found in a final judgment by
a court of competent jurisdiction (not subject to further appeal) to
have resulted directly and solely from the fraud criminality or
willful misconduct of HOLT.
7. Insurance. HOLT shall obtain and provide HHW with evidence of
comprehensive General Liability insurance coverage in an amount no
less than One Million Dollars ($1,000,000.00) in which HHW shall be
named as an additional insured. HOLT shall furnish to HHW a
Certificate of Insurance evidencing such insurance coverage which
shall be underwritten by an insurance carrier reasonably satisfactory
to HHW and shall maintain such coverage during the term of this
Agreement. Such insurance shall provide that HEW shall be furnished
with thirty (30) days written notice prior to the date of any
cancellation of such coverage.
8. Remedies. Should HOLT become incapable of continuing performance of
the Services, whether due to circumstances within or outside of its
control, HHW may terminate this Agreement. Should HHW be in default of
compensation owing at any time under this Agreement, HHW shall be
deemed to be in default of this Agreement and HOLT has available to it
all legal remedies and process.
9. Termination. This Agreement shall continue until terminated by either
party as herein provided. Besides electing to terminate this Agreement
as an exercise of its remedies as stated above, either party may elect
to terminate this Agreement by giving written notice to the other
party as stated below:
TO HHW: Mr. Thomas J. Holt, Sr.
Holt Hauling & Warehousing Systems, Inc.
P.O. Box 8698
Phil., PA, 19101
TO: HOLT: Mr. Thomas J. Holt, Jr.
Holt Oversight & Logistical Technologies
P.O. Box 8268
Phil., PA 19101
Such notice shall be given at least ninety days prior to the proposed
termination of the Agreement. HOLT shall deliver immediately to HHW
all of the records in its possession of HHW pertaining to and related
to the Services. HOLT agrees to keep confidential, and shall not
disclose to any third party or make use of, any information regarding
HHW of any nature which HOLT may acquire during the term of this
Agreement. HOLT agrees that if it violates this provision relating to
confidentiality, the remedy at law for such violation will be
inadequate and that HHW will suffer irreparable harm. Therefore, in
addition to any other remedy which HHW may have under this Agreement,
HEW shall be entitled to apply to any court of competent jurisdiction
for equitable relief, including specific performance and injunctions
restraining HOLT from committing or continuing any such violation of
this Agreement without the necessity of proving actual damages.
10. Entire Agreement. This Agreement constitutes the entire Agreement
between the parties and may not be amended except by an instrument in
writing executed by both of the parties hereto. This Agreement
supersedes any and all written or verbal agreements between the
Attest: [Illegible] SLS Services, Inc
-------------------------- d/b/a Holt Oversight & Logistical
BY: BY: Thomas J. Holt, Jr.
Attest: Holt Hauling and Warehousing
-------------------------- Systems, Inc.
BY: [Illegible] BY:
Description of Services for Client
Accounting: Preparation and maintenance of books of original entry
including but not limited to, cash receipts journal, cash disbursements journal,
purchase journal, accounts payable journal, payroll journal, sales journal,
preparation and maintenance intermediate books of entry, final book of entry
i.e. general ledger; preparation of monthly trial balances and financial
statements (balance sheet, statement of income and retained earnings and source
and use of cash), if needed, but in not event not less than on a quarterly
basis, no less then sixty (60) days after the end of the first three quarters of
a year and one hundred twenty (120) days after the end of the fiscal year;
processing of sales invoices, mailing to customers, collection of payments due
and deposit of collections into client's bank account as designated.
Management Information Processing: Collection, assembly and computer
processing of data dealing with, but not limited to, necessary to perform the
accounting services described herein; as required by client's customers
including, but no limited to, inventory reports, productivity reports; the
writing and periodic review of computer programs necessary to accomplish the
management information processing functions contemplated herein; the acquisition
and maintenance of any and all computer equipment necessary to accomplish the
management information processing functions contemplated herein and the
professional training of staff so that the management information processing
functions can be completed in a professional and competent manner.
Insurance: Review of property, personal injury, business and financial
risks normally associated with operations engaged in by client and the
procurement of insurance coverage with reputable insurance companies to cover
such risks and limit client's financial risk therefore: investigation.
processing settlement the providing of assistance to counsel of insurance
carriers and the communication to underwriters of personal injury and property
claims; investigation, processing, coordinating with outside counsel for the
defense of workmen's compensation claims.
Marketing: Identifying and soliciting potential customers for client;
traveling to potential market areas to meet with prospective customers for
client; quoting and negotiating of rates and follow-up with customers to
insure customer satisfaction.