This Agreement is made by Hotel Vikas (“Company”), a Mumbai-based corporation and Jack Sansolo (“Advisor”), and is effective as of May 1, 2002 (“Effective Date”). Company and Advisor agree as follows:
Section 1. Engagement of Services
Company has requested Advisor and Advisor has agreed to act as a member of the Company’s Advisory Board. As such, Advisor shall use reasonable efforts to attend meetings & participate in board meetings as requested from time-to-time by the Company’s CEO and to render advice on issues discussed at such meetings. In addition, Advisor will consult on General Company strategy, new business development, potential acquisitions and advise the Company’s CEO and Board of Directors on ad hoc matters (the “Services”).
Section 2. Compensation
This is an honorary position. Advisor will not receive any financial benefits or re-imbursement of expenses made on Hotel Vikas related work.
The advisor will get intangible benefits such as opportunity to contribute to Hotel Vikas readers, building a brand name in Hotel industry, opportunity for networking etc.
The advisor fully understands that this position is completely honorary and advisor will not receive any financial payment in any form.
The Advisor is accepting the assignment purely with a commitment to serve members in Hotel Industry.
Section 3. Confidentiality
Section 4. Financial Dealings
During its tenure as Hotel Vikas advisor, the advisor may get introduced to many potential customers, Hotel industry leaders and CEOs of Hotel chains.
The advisor will NOT hold Hotel Vikas responsible for any loss or any other of the financial dealings or dispute with the people introduced through Hotel Vikas.
To give fair and unbiased view to our readers, the advisor will keep the Hotel Vikas editor informed of financial dealings or financial interest in any of the person introduced through Hotel Vikas.
Section 5. Independent Contractor
Advisor shall be an independent contractor in the performance of the Services. This Agreement shall not be interpreted as creating an association, joint venture, or partnership relationship between the parties or as imposing any employment, or partnership obligation, or liability on any party. Advisor shall not be entitled to, and shall not attempt to, create or assume any obligation, express or implied, on behalf of Company.
Section 6. General Provisions
Hotel Vikas: _________________________________
201, Gundecha Industrial Complex, Akurli Road, Akurli Industry Estate, Kandivali (E), Mumbai 400101, India
501 Silverside Rd, Suite 105
Delaware 19809, US
Suite 310, 318 Homer Street, Vancouver,
B.C. V6B 2V2 Canada
106-19897 56 Ave Langley, BC V3A 3Y1
P.O. Box 327428, Ras Al Khaimah, UAE