Document:

rbo_ex108.htm

	
  

	
Exhibit 10.8

Business Services

Agreement

For

SED Development Management LLC

Effective Date of Contract: January 2, 2016

Results-Based Outsourcing Inc.

We Work Commons, 745 Atlantic Ave

Boston MA

www.rboutsourcing.com

Relationship Manager:

William Schloth

info@rboutsourcing.com

phone: 203.635.7600

 

  

  

  

 

Let the following serve as a general description of the terms and conditions of services to be provided by (the “Agreement”) Results-Based Outsourcing Inc (“Consultant”), a Delaware corporation, to SeD Development Management LLC (the “Client”).

 

I.    General Description of Duties and Responsibilities:

 

The Consultant will be responsible for assisting the Client with;  Recurring Business Services and/or Project-Based Consulting (collectively, the “Services”).  Further details of the Services, Deliverables, Dedicated Resource, Compensation and Payout Terms have been provided under the Exhibit A. Should the Client request an agreed upon special project, such will be agreed to in the Form as provided under Exhibit B.

 

II.  Other Terms and Conditions.

 

Independent Contractor Relationship.   Nothing herein or as per contract otherwise signed shall be construed to create the relationship of employer and employee between the Client and Consultant.    Consultant recognizes, understands and agrees that as an independent contractor, (1) Consultant is not entitled to unemployment insurance benefits; (2) Consultant is not entitled to workers compensation benefits; and (3) Consultant is obligated to file federal and state income tax reports on any monies paid pursuant this arrangement.  

 

Authority.  Consultant will have no authority whatsoever to assume or create any obligation, liability, or undertake and responsibility whatsoever, express or implied on behalf of or in the name of the Client or any affiliate.

 

Confidentiality.   Each the Consultant and Client acknowledges that during the course of this Agreement, they may acquire information regarding the other or its affiliates, its business activities and operations or those of its Clients and suppliers, and its trade secrets including without limitation its Client lists, prospective Clients, rates, network configuration, traffic volume, financial information, computer software, service, processes, methods, knowledge, research, development or other information of a confidential and proprietary nature (hereinafter “Confidential Information”). Each of the Consultant and Client shall hold such information in strict confidence and shall not reveal the same, except for any information which is: (a) generally available to or known to the public; (b) known to such party prior to the negotiations leading to this Agreement; (c) independently developed by such party outside the scope of this Agreement; or (d) lawfully disclosed by or to a third party or tribunal. The Confidential Information to which each of the Consultant and Client obtain access shall be safeguarded by a Party when receiving the Confidential Information of the other to the same extent that it safeguards its own confidential materials or data relating to its own business and each of the Consultant and Client agree to limit access to such Confidential Information to employees, agents or representatives who have a need to know such information in order to perform the obligations set forth in this Agreement and further the rights and responsibilities of the Parties.

 

Termination.  This Agreement may be terminated (i) by Client without cause and without further obligation to Consultant with 30 days written notice, (ii) by the Consultant following a material breach of this Agreement by Client, provided the Client has not cured the breach within such notice period.   If either party is in material breach of this Agreement, the other party shall notify the breaching party in writing specifying the nature of the breach.  The breaching party shall have fifteen (15) days from receipt of that notice to correct the breach.   If the breach is not cured within that time period, the other party may terminate this Agreement by providing the breaching party with written notice of termination

 

  

  

  

Mutual Indemnification. Other than those requirements identified under this Agreement and as amended in writing, the Consultant and/or its personnel shall not be liable for consequential, special, indirect, incidental, punitive, or exemplary loss, damage, cost or expense (including, without limitation, lost profits and opportunity costs).   The Client agrees to indemnify and hold harmless the Consultant and its personnel and any affiliate of from and against any and all actions, losses, damages, claims, liabilities, costs and expenses (including without limitation, reasonable legal fees and expenses) arising in any way out of or relating to this Agreement.   The provisions of this section shall survive the completion or termination of this engagement.

Applicable Law.   This Agreement shall be governed by and construed in accordance with the laws of the State of New York.   Should a breach of this Agreement, (including but no limited to non-payment of monies owed) occur, the breaching party, agrees to pay all costs of collection, including, reasonable attorney's fee, in the case that any payments due here-in-under are not paid in a timely manner, or in case it becomes necessary to protect the interests hereof, whether suit be brought or not.   Until such a time that a breach is corrected, and, if applicable, any outstanding balances owed or unrecovered fee advances due will accrue interest at a rate of ten 10% per annum.

 

Invalidity.   Except as otherwise specified herein, the invalidity or unenforceability of any term or terms of this agreement shall not invalidate, make unenforceable or otherwise affect any other term of this agreement which shall remain in full force and effect.

 

Waiver.   No waiver of any breach of any agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof or of any other agreement or provision herein contained. No extension of time for performance of any obligations or acts shall be deemed an extension of time for performance of any other obligations or acts.

[Rest of Page Intentionally Left Blank – Signatures to Follow]

 

 

 

 

 

 

 

 

  

  

  

 

Acceptance

The Client agrees to all the terms of this Agreement and verifies that undersigned is authorized to make binding contracts and Agreements on behalf of the Client named in this Agreement.

	
Client Name:

SED Development Management LLC

	
Please scab this signed Agreement in its entirety back to info@rboutsourcing.com.

 

	
By:

 

Heng Chan Fai

	
Signature:

 

// Heng Chan Fai

	
Date Signed:

1/2/16

 

As acknowledged and agreed to by

Results-Based Outsourcing Inc

	
Name:

 

Mary Ellen Schloth

	
Signature:

 

// Mary Ellen Schloth

 

	
Date:

 

1/2/16

 

  

  

  

Exhibit A - Statement of Work and Compensation

	
Engagement Type (*):

	
General Business Services

	
Initial Fee:

	
(T)

	
Additional Payment:

	
(T)

	
Hourly Rate:

	
Not Applicable

	
Assessment &

Setup Costs:

	
 

Waived

	
Billing Start Date:

	
On Effective Date

	
Term

	
As noted above

	
Payment Terms:

	
As Invoiced

Services & Deliverables:

	
·

	
Assist with general office operations and administration, including but not limited to, contract management, document storage, facilities management and general office management

 

	
·

	
Support, coordinate and oversee select real estate development projects

 

	
·

	
Assist in the establishment and maintenance of a system of business milestones and key-performance metrics

 

	
·

	
Assist in the establishment and maintenance of performance reporting and budgeting

 

	
·

	
Assist with general new business development efforts

 

	
·

	
Assist with human resource management and contracting

 

	
·

	
Assist with risk management efforts, including, but not limited to, insurance policies, employment practices and corporate filings

 

(T) DESIGNATES PORTIONS OF THIS DOCUMENT THAT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED SEPARATELY WITH THE COMMISSION

  

  

  

 

Exhibit B – Form of Project Work Order:

Special Project - Statement of Work No.__

THIS STATEMENT OF WORK Is made as of the Work Order Date by and between the Consultant and the Client, as follows:

	
  

	
(1)

	
Scope of Work:  The Consultant shall perform the following services (“Project”):

	
  

	
(2)

	
Deliverables:  The Project shall include development of the following deliverables (“Deliverables”):

	
  

	
(4)

	
Term:  The term of the Work Order shall begin on the Work Order Date and end on the completion of the above Deliverables.

	
  

	
(5)

	
Schedule:  The estimated schedule for the Project shall be as follows:

	
  

	
(6)

	
Services Agreement:  The Services Agreement signed by the Consultant and the Client is hereby incorporated herein and made a part hereof.

	
  

	
(7)

	
Work Order Date:  The term “Work Order Date” for this Work Order shall mean the date this Work Order is signed by the Consultant and Client (whichever is later).

	
  

	
(8)

	
Fees for the Project:rbo_ex109.htm

	
  

	
Exhibit 10.9

Business Services

Agreement

For

BMI Financial Group Inc

Effective Date of Contract: January 5, 2016

Results-Based Outsourcing Inc

WeWork Commons, South Station

745 Atlantic Ave, Boston MA 02111

www.rboutsourcing.com

Relationship Manager:

   William Schloth

info@rboutsourcing.com

phone: 203.635.7600

 

  

  

  

 

Let the following serve as a general description of the terms and conditions of services to be provided by (the “Agreement”) Results-Based Outsourcing Inc (“Consultant”), a Delaware corporation, to BMI Financial Group Inc, including its subsidiaries (the “Client”)

 

I.    General Description of Duties and Responsibilities:

 

The Consultant will be responsible for assisting the Client with business services (the “Services”).  Details of the Services, deliverables and projected timeline have been provided under the Exhibit A.

 

II.  Other Terms and Conditions.

 

Independent Contractor Relationship.   Nothing herein or as per contract otherwise signed shall be construed to create the relationship of employer and employee between the Client and Consultant.    Consultant recognizes, understands and agrees that as an independent contractor, (1) Consultant is not entitled to unemployment insurance benefits; (2) Consultant is not entitled to workers compensation benefits; and (3) Consultant is obligated to file federal and state income tax reports on any monies paid pursuant this arrangement.  

 

Authority.  Consultant will have no authority whatsoever to assume or create any obligation, liability, or undertake and responsibility whatsoever, express or implied on behalf of or in the name of the Client or any affiliate.

 

Confidentiality.   Each the Consultant and Client acknowledges that during the course of this Agreement, they may acquire information regarding the other or its affiliates, its business activities and operations or those of its Clients and suppliers, and its trade secrets including without limitation its Client lists, prospective Clients, rates, network configuration, traffic volume, financial information, computer software, service, processes, methods, knowledge, research, development or other information of a confidential and proprietary nature (hereinafter “Confidential Information”). Each of the Consultant and Client shall hold such information in strict confidence and shall not reveal the same, except for any information which is: (a) generally available to or known to the public; (b) known to such party prior to the negotiations leading to this Agreement; (c) independently developed by such party outside the scope of this Agreement; or (d) lawfully disclosed by or to a third party or tribunal. The Confidential Information to which each of the Consultant and Client obtain access shall be safeguarded by a Party when receiving the Confidential Information of the other to the same extent that it safeguards its own confidential materials or data relating to its own business and each of the Consultant and Client agree to limit access to such Confidential Information to employees, agents or representatives who have a need to know such information in order to perform the obligations set forth in this Agreement and further the rights and responsibilities of the Parties.

 

Termination.  This Agreement may be terminated (i) by Client without cause and without further obligation to Consultant with 30 days written notice, (ii) by the Consultant following a material breach of this Agreement by Client, provided the Client has not cured the breach within such notice period.   If either party is in material breach of this Agreement, the other party shall notify the breaching party in writing specifying the nature of the breach.  The breaching party shall have fifteen (15) days from receipt of that notice to correct the breach.   If the breach is not cured within that time period, the other party may terminate this Agreement by providing the breaching party with written notice of termination

 

  

  

  

Mutual Indemnification. Other than those requirements identified under this Agreement and as amended in writing, the Consultant and/or its personnel shall not be liable for consequential, special, indirect, incidental, punitive, or exemplary loss, damage, cost or expense (including, without limitation, lost profits and opportunity costs).   The Client agrees to indemnify and hold harmless the Consultant and its personnel and any affiliate of from and against any and all actions, losses, damages, claims, liabilities, costs and expenses (including without limitation, reasonable legal fees and expenses) arising in any way out of or relating to this Agreement.   The provisions of this section shall survive the completion or termination of this engagement.

Applicable Law.   This Agreement shall be governed by and construed in accordance with the laws of the State of New York.   Should a breach of this Agreement, (including but no limited to non-payment of monies owed) occur, the breaching party, agrees to pay all costs of collection, including, reasonable attorney's fee, in the case that any payments due here-in-under are not paid in a timely manner, or in case it becomes necessary to protect the interests hereof, whether suit be brought or not.   Until such a time that a breach is corrected, and, if applicable, any outstanding balances owed or unrecovered fee advances due will accrue interest at a rate of ten 10% per annum.

 

Invalidity.   Except as otherwise specified herein, the invalidity or unenforceability of any term or terms of this agreement shall not invalidate, make unenforceable or otherwise affect any other term of this agreement which shall remain in full force and effect.

 

Waiver.   No waiver of any breach of any agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof or of any other agreement or provision herein contained. No extension of time for performance of any obligations or acts shall be deemed an extension of time for performance of any other obligations or acts.

[Rest of Page Intentionally Left Blank – Signatures to Follow]

 

 

 

 

 

 

 

 

  

  

  

 

Acceptance

The Client agrees to all the terms of this Agreement and verifies that undersigned is authorized to make binding contracts and Agreements on behalf of the Client named in this Agreement.

	
Client Name:

 

BMI Financial Group Inc

	
Please scab this signed Agreement in its entirety back to contracts@rboutsourcing.com.

 

	
By:

 

Robert Trapp

	
Signature:

 

// Robert Trapp

	
Date Signed:

1/20/2015

As acknowledged and agreed to by

Results-Based Outsourcing Inc

	
Name:

Mary Ellen Schloth, CEO

	
Signature:

 

//Mary Ellen Schloth

	
Date:

 

1/20/15

 

  

  

  

Exhibit A – Services Description

	
Engagement Type (*):

	
Project-based work

	
Initial Payment:

	
(T)

	
 Fee:

	
(T)

 

	
Assessment &

Setup Costs:

	
 

Waived

	
Billing Start Date:

	
On Effective Date

	
Payment Terms:

	
As invoiced

 * Engagement Details:

 

	
Engagement Deliverables

	
Projected Status (**)

	
Accounting and Bookkeeping support

	  
	
Corporate organization and governance setup

	  
	
Management and, as applicable, regulatory reporting

	  
	
Company website and marketing material

	  
	  	  

 (**) to be updated throughout the engagement

 

 

(T) DESIGNATES PORTIONS OF THIS DOCUMENT THAT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED SEPARATELY WITH THE COMMISSION

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