CONSULTANCY AGREEMENT
This Agreement is made this 6th day of January 2004 by and between:
1. Royal Capital Management, Inc. (Hereinafter refereed to Royal
Capital"), a U.S. Corporation incorporated in the state of New Jersey,
registered at 000 Xxxxxx Xxxx, Xxxxxxxxxxx, XX 00000, in the person of
President Xxx Xxxxxxx; and
2. Y.Z. Business Consulting, Inc. (Hereinafter referred to "YZ), a U.S.
corporation incorporated in the state of New Jersey, registered at 000
Xxxxxx Xxxxxx, Xxxxxx, XX 00000 in the person of President Xxxxxx
Xxxxxx.
Now thereafter, the Parties have agreed as gollows:
1. Subject of the Agreement
1.1 Pursuant to the terms and conditions hereunder YZ shall refer to Royal
Capital business consulting services on all aspects of organization
and conducting of Royal Capital business.
1.2 Royal Capital shall make available to YZ, on a confidential basis, all
information, which may be required for YZ in order to perform its
obligations hereunder in the most efficient manner.
2. Consulting Fee
In consideration of the services, which are to be provided hereunder, and
for so long as this Agreement remains in full force and effect YZ shall
receive from Royal Capital consulting fees as per invoices, which shall be
by YZ to Royal Capital hereunder.
3. Duration and Termination
3.1 This Agreement shall come into force immedialty on the date of signing
and shall continue in full force and effect until termination pursuant
to Article 3.2 below.
3.2 This Agreement may be terminated:
(a) Forthwith by mutual agreement of both Parties
(b) Forthwith by either party hereto by sending to the other partyy a
30-day termination notice, in which case the Agreement shall be deemed
duly terminated upon the expiry of such notice period;
(c) Forthwith upon liquidation of either party
3.3 If this Agreement is terminated for whatever reason, all
consulting fees of YZ hereunder shall be due and payable upon the
date of termination of this Agreement.
4. General
4.1 Any information of financial, commercial or any other nature related
to the fulfillment by the parties hereto of their obligations
hereunder, shall be regarded confidential and shall be not disclosed
by either Party in any way whatsoever to any other parties whatsoever
without the prior consent of the other Parties.
4.2 Neither of the Parties shall be liable for full or partial
non-fulfillment of its obligations hereunder, if such is the result of
the circumstances of force majeure.
4.3 Any disputes and differences between the Parties, which may arise from
fulfillment of their obligations hereunder, shall be resolved by means
of negotiations.
4.4 Any formal notices to be given hereunder shall be delivered by
registered mail or facsimile to the Parties at the last known address.
4.5 This Agreement shall be goverend by the applicable laws by the State
of New Jersey.
4.6 This Agreement is made in two original copies in English, one copy for
each Party. Both texts shall have equal power.
SIGNATURE OF THE PARTIES
Royal Capital Managements Co., Inc. Y.Z. Business Consulting., Inc.
/s/ Xxx Xxxxxxx /s/ Xxxxxx Xxxxxx
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President President
