EXHIBIT 10.6
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CONSULTING AGREEMENT
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September 5, 2001
This will confirm the arrangements, terms and conditions, whereby
Yorkville Advisors Management, LLC. (the "CONSULTANT") has been retained by Safe
Transportation Systems, Inc. (the "COMPANY") to serve as financial consultant
and advisor to the Company, on a nonexclusive basis for a period of 12 months
from the date hereof. The undersigned hereby agree to the following terms and
conditions:
1. CONSULTING SERVICES. Consultant will render financial consulting
and advice pertaining to the Company's business affairs as you may from time
to time request.
2. COMPENSATION. The Company agrees to pay the Consultant (the
"Fee") in the aggregate, the sum of twelve thousand five hundred ($12,500)
Dollars. The Fee shall be paid out of the closing proceeds of the Company's
proposed sale of Convertible Debentures.
3. RELATIONSHIP. Nothing herein shall constitute Consultant as
employee or agent of the Company except to such extent as might hereafter be
agreed upon for a particular purpose. Except as expressly agreed, Consultants
shall not have the authority to obligate or commit the Company in any manner
whatsoever.
4. ASSIGNMENT AND TERMINATION. This Agreement shall not be assignable by
any party except to successors to all or substantially all of the business of
either the Consultant or the Company nor may this Agreement be terminated by
either party for any reason whatsoever without the prior written consent of the
other party, which consent may not be arbitrarily withheld by the party whose
consent is required.
Very truly yours
Yorkville Advisors Management, LLC
By:
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Name:
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Title:
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Agreed and Accepted By:
Safe Transportation Systems, Inc.
By:
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Name: Xxx Xxxxxxx
Title: President and CEO
