EXHIBIT 10.3
Consulting Agreement
This Agreement is entered into this 5th day of August, 2000, by and
between VentureNet, Inc., a Delaware corporation (the "Company") and IMA
Marketing, Ltd., a Costa Rica corporation ("Consultant").
In consideration of the mutual covenants and conditions contained
herein, the sufficiency of which is hereby acknowledged, the parties agree as
follows:
1. The Company hereby engages Consultant to serve as an advisor to the
Company on international financial and strategic matters ("Consulting
Services"). Consultant agrees to provide these services on an "as
needed, as available basis." Consultant may provide the services from
any location desired and may confer with the Company by telephone.
2. The term of this Agreement will be for one year from the date hereof.
This Agreement may be terminated prior to the completion of the term by
either party, but a termination by the Company shall not relieve the
Company of its obligation to make the required payments hereunder to
Consultant.
3. The Company shall pay to Consultant for the Consulting Services in the
form of warrants to purchase up to 3,700,000 shares of common stock in
the Company. The shares underlying these warrants shall be registered
for resale without restriction. A copy of the warrant is attached
hereto as Exhibit "A."
4. In the event any litigation or controversy arises out of or in
connection with this Agreement between the parties hereto, the
prevailing party in such litigation or controversy shall be entitled to
recover from the other party or parties all reasonable aftorneys' fees,
expenses, and suit costs, including those associated with any appellate
or post judgment collection proceedings.
5. The original and one or more copies of this Agreement may be executed
by one or more of the parties hereto. In such event, all of such
executed copies shall have the same force and effect as the executed
original, and all of such counterparts, taken together, shall have the
effect of a fully executed original.
The parties have signed this Agreement as of the day and year first
above written.
The Company:
VentureNet, Inc.
By:
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Michael Brette, President
Consultant:
IMA MARKTEING, LTD.
By:
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Title:
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