**Exhibit 10.3**

 

**CONSULTING AGREEMENT**

 

This            Consulting Agreement is by and between:

 

Charles J. Oswald (CJO), located at 17150 North Bay Road, GPH 2909,            Sunny Isles Beach, FL 33160

 

And

 

Cargo Connection Logistics Holding, Inc. (Client), located at 600            Bayview Avenue, Inwood, NY 11096

 

WHEREAS, the Client wishes to engage CJO to act as the non-exclusive            international and domestic legal and financial consultant,

 

WHEREAS, CJO is offering consulting services for Client on an as needed            basis and is willing to use his “best efforts” to accomplish a            “Transaction” as defined in this Agreement,

 

THEREFORE, the Client and CJO agree to operate under the following            terms, definitions and conditions of this Agreement.

 
| 1. | Transaction Definition:Whether                        in one or a series of transaction: (a) structuring finance, forming and                        consulting for onshore and offshore corporations, holding companies,                        banking and business relationships that were formed for the benefit of the                        Client. (b) The finding and referring of sources to provide equity funding,                        private equity funding and loans to the Client. (c) Merger, acquisition,                        consolidation, reorganization, restructuring, leveraged buy-out, stock                        exchange or other corporate transactions involving outside investors and/or                        a company’s investment and services. (d) The introduction of a                        customer, joint venture partner, or business relationship. (e) Arranging                        and referring sources that would make a market and bring volume to the                        Client’s stock. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| 2. | Consideration Definition:Consideration shall include but not limited to: Cash, notes,                        securities, property and other assets at the fair market value. All                        liabilities paid or assumed, marketing services paid or supplied, financial                        services rendered, inventory paid for or supplied, distribution or license                        agreements issued or assumed, employment contracts executed, employee                        benefit plans arranged for, equipment leases secured and other benefits to                        the Client at the fair market value. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| 3. | Services to Render:(a) CJO                        shall familiarize itself with the business of the Client, including but not                        limited to company history, operations, marketing, financial conditions,                        market conditions and reasonable projections relying entirely on the                        information provided by the Client. (b) Understanding the Client’s                        business and needs. (c) CJO would develop a list of potential investment                        and loan sources that would not be disclosed to the Client except those                        that express an interest in the Transaction. Under no circumstances will                        the Client contact any of these sources |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

1

 

----

 

 

(even after this Agreement is terminated) without the approval of CJO.            (d) It is expected that the Client (with help of CJO, as needed) would direct the            negotiations with potential investment, lending and/or acquisition sources introduced            to the Client by CJO and provide those sources with relevant due diligence            requests.

             
| 4. | Term of Engagement:The term of                        this Agreement would be for one year and will be not automatically be                        renewed unless either party is given written notice 30 days before the end                        of the one year of service. Anytime during the term of this Agreement it                        may be terminated by either party, with or without cause, by a 30 day                        written notice to the other party. If this Agreement is terminated, any                        compensation earned then or in the future, whether it is in full or in                        part, as explained under “Compensation” would be owed and paid                        according to the payment terms. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| 5. | Compensation: |
|----|---------------|
|   | A. | CJO shall be compensated $75,000 for one year of as needed                        consulting services beginning May 1, 2006, with such compensation to be                        rendered in “restricted shares” as defined under Rule 144 of                        the Securities Act of 1933, at a 25% discount to market upon the signing of                        this agreement. At the end of one year the parties will determine a                        mutually acceptable rate of compensation for the following year, if the                        agreement is to continue in force. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | B. | CJO, for his time and expense in rendering a                        “Transaction” as defined in (paragraph 1) in this agreement,                        would receive: |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

(1) Twenty percent (20%) of the value for any merger, acquisition or            business transaction as described above in (as noted in paragraph 1.c.).

(2) Ten percent (10%) of the value of amount of Equity Funds and/or            Private Equity Funds brought to the Client by investment sources referred (direct or            indirect) by CJO.

(3) Ten percent (10%) of the value of Loan Funds received by the Client            from sources referred (direct or indirect) to the Client by CJO.

(4) Ten percent (10%) of the value of any corporate or financial            structuring, domestic and/or international that has been brought to the Client (direct            or indirect) by CJO.

(5) Ten percent (10%) of the value of any customer, JV partner or            business relationship brought to Client by CJO.

(6) Five percent (5%) in free-trading shares and five percent (5%) in            restricted shares as a percentage of the amount of shares of common stock issued to            consultants or investment sources by the Client that were referred (direct or indirect)            to the Client by CJO.
|   | C. | For a period of twenty four (24) months after the effective                        date of termination of this Agreement (24 month Trailer”), CJO shall                        be entitled to receive the same percentages for any funds, stock or other                        consideration received by the Client directly or indirectly from any of the                        sources introduced or referred by CJO to the Client. All other finder or                        funding fees earned by a third party in this transaction are to be paid by                        CJO in cash or by common stock shares by CJO. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| 6. | Travel Expenses.CJO shall be                        reimbursed for out of pocket travel expenses that have been approved in                        advance by Client within 30 days of a written request with receipts of                        credit card statements attached. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             

 

2

 

----

 

 
| 7. | Outside consultants.If CJO                        needs the use of outside consultants (Domestic or International), upon                        approval from the Client’s Board of Directors, the Client shall be                        responsible for those fees and costs related to those services |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| 8. | Business Expenses:Any                        unforeseen, reasonable business expenses shall be the responsibility of the                        Client within 30 days after written request. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| 9. | Confidentiality:CJO and client                        agree that except as authorized by this Agreement, they will not, without                        prior consent, disclose to any person or company any confidential                        information provided by CJO or the Client. Both parties shall keep this                        Agreement and the related information confidential and not divulge to any                        person except those that “need to know” in order to perform the                        services and obtain the proper approvals required by this Agreement. When                        this Agreement is terminated, all Client and CJO confidential information                        requested would be returned to the owner in a reasonable period of                        time. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| 10. | Non-Circumvention:The Client                        shall not circumvent CJO directly or indirectly through any third party                        introductions. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| 11. | Third party introductions:This                        agreement shall also include any third party introductions that result from                        the connection between CJO and the Client. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| 12. | General Provisions of the Agreement: |
|-----|--------------------------------------|
|   | a) | The Client warrants that it has the authority to enter into                        this Agreement. |
|--------|----|----------------------------------------------------------------------------------------------------|
|   | b) | CJO is considered to be an Independent Contractor in this                        Agreement and declares that CJO and he is not a licensed securities broker                        or dealer or investment advisor. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | c) | Only a written instrument signed by both parties may amend                        this Agreement. |
|--------|----|---------------------------------------------------------------------------------------------------|
|   | d) | All notices hereunder shall be in writing and delivered by                        US Mail certified return receipt requested or overnight carriers to the                        addresses listed in this Agreement. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | e) | This Agreement shall be governed by the laws of the State of                        Florida. |
|--------|----|----------------------------------------------------------------------------------------------|
|   | f) | Any disputes or claims arising between the parties hereto                        under this Agreement shall be submitted to the American Arbitration                        Association and the findings and conclusions will be binding on the                        parties. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | g) | In the event that any term or condition of this Agreement is                        deemed to be invalid or unenforceable in whole or in part, the remainder of                        the terms and conditions shall be valid and enforceable to the full extent                        permitted by law. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | h) | The provisions of this Agreement shall inure to the benefit                        of and shall be binding on the successors and assigns. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------|
|   | i) | The parties agree that facsimile or scanned copies                        (including signature pages) shall have the same force and effect as                        documents with original signatures. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

3

 

----

 

 

In WITNESS WHEREOF, the parties hereto have executed this Consulting            Agreement.

             

 
| **CHARLES J. OSWALD, ESQ.**          |                  | **CARGO CONNECTION LOGISTICS**         |
|--------------------------------------|-----------------------|----------------------------------------|
|                                 |                  | **HOLDINGS, INC.**                     |
| By:                                  | /s/ Charles J. Oswald |                                   | By: | /s/ Jesse Dobrinsky   Chairman |
|                                 | Charles J. Oswald     |                                   |   | Jesse Dobrinsky, Chairman |
|                                 |                  |                                   |   |   |
| Date: ______________________________ |                  | Date: ________________________________ |

 

             

 

4