Document:

Exhibit 10.17

 

 

CONSULTING AGREEMENT

 

 

                                                THIS
CONSULTING AGREEMENT (this “Agreement”) is made and entered into as of the 15th  day of May, 2006 by and among Standard
Parking Corporation, a Delaware corporation (“Standard”), D & E
Parking, Inc., a California corporation (“Consultant”) and Dale G. Stark (“Stark”)
and shall be effective as of May 1, 2007 (the “Commencement Date”).

 

 

RECITALS

 

 

                                                A.                                   Standard is an operator and developer of parking
facilities throughout the United States. 
Additionally, Standard has begun to provide property management
services, sweeping and scrubbing and security services.

 

                                                B.                                     Pursuant to the terms of that certain Stock
Purchase Agreement dated May 13, 1998 (the “Purchase Agreement”) by and
among the Company (formerly known as APCOA, Inc.), S & S Parking, Inc.
(“S & S”), Stark and Edward E. Simmons (“Simmons”), the Company
purchased all of the outstanding shares of S & S owned by Stark and
Simmons, which purchase was made effective as of May 1, 1998.

 

                                                C.                                     Executive Parking Industries, L.L.C. (“Executive
Parking”), an affiliate of S & S and Standard, had, pursuant to the
terms of that certain Management and Non-Competition Agreement dated as of December 31,
1996, executed by and among Executive Parking, S & S and Stark and
Simmons (the “First Executive Management Agreement”), previously engaged
Consultant and Stark and Simmons to perform and oversee various management
consulting duties with respect to the parking operations of Executive Parking.

 

                                                D.                                    S & S assigned all its rights, duties and
obligations under the First Executive Management Agreement to Consultant, a
corporation owned entirely, either directly or indirectly, by Stark and
Simmons, pursuant to that certain Assignment and Assumption of Management and
Non-Competition Agreement by and between S & S and Consultant,
effective as of December 31, 1996.

 

                                                F.                                      Pursuant to the provisions of the Purchase
Agreement, Consultant and Stark and Simmons, individually and personally,
agreed to continue to provide certain management consulting services to the
Standard pursuant to that certain Executive Parking Management Agreement dated May 1,
1998, by and among Standard, Consultant, Simmons and Stark (the “Second
Executive Management Agreement”).

 

                                                G.                                     The term of the Second Executive Management
Agreement commenced on May 13, 1998 and is scheduled to terminate on April 30,
2007.

 

                                                H.                                    Standard desires to ensure the continued
availability to Standard of the management consulting services provided by
Consultant and Stark in connection with the business of Standard following the
termination of the Second Executive Management Agreement on April 30,
2007.

 

                                                I.                                         Consultant desires to be retained by Standard and provide the management consulting services
described herein on the terms and conditions described hereafter.

 

                                                NOW, THEREFORE, in consideration of the mutual
covenants and agreements herein contained, the parties agree as follows:

 

                                                1.                                       Retention of Consultant.  Effective
as of the Commencement Date, Standard
agrees to retain Consultant, and Consultant agrees to serve as an independent
consultant to Standard on the terms
and conditions set forth herein.

 

                                                2.                                       Duties.  Consultant agrees to diligently
and in good faith render advice, counsel and direction to Standard and its subsidiaries and affiliates (collectively
“Standard”) in the promotion and
development of new vertical markets, including security services, garage
sweeping and scrubbing and property management. Consultant shall also, as
requested by Standard, provide advice and counsel with respect to the
development of Standard’s business in the Hawaiian Islands.  Consultant’s duties shall also include
contacting persons who own, manage or control parking facilities and consulting
and advising Standard on special
projects as may be agreed upon, from time to time, by the parties hereto.  For purposes of this Agreement all references
herein to “subsidiaries” or “affiliates” of Standard shall be deemed to include subsidiaries or
affiliates now or hereafter existing.

 

                                                3.                                       Term.  This Agreement shall commence on the
Commencement Date and shall continue for a term of three (3) years ending
on April 30, 2010 (the “Consulting Term”).

 

 

 

 

 

                                                4.                                       Retainer & Consulting Fees.

 

a.                                       Consultant shall  be
paid a retainer (the “Retainer”) of $250,000 per year, payable at the rate of
$20,833.33 per month.

 

b.                                      In addition to the Retainer, Consultant shall also
be entitled to a consulting fee (the “Consulting Fee”) of up to $50,000 per
year, based on an annual program established for Consultant by the President
and Chief Executive Officer of Standard based upon attainment of agreed
development goals for new vertical markets.

 

                c.                                       The Retainer and Consulting Fee represent and
constitute the entire financial obligation of Standard to Consultant, and Consultant agrees that it
shall not be entitled to any other compensation.

 

                                                5.                                       Authorized Expenses/Reimbursement.  Standard will reimburse Consultant for reasonable business
expenses incurred by Consultant in connection with the performance of its
duties outlined herein.  Any such expense
reimbursement requested by Consultant during the term shall be expressly
conditioned upon Consultant receiving advance approval from the
Executive Vice President of Standard then having operational responsibility for
the Western Region and documented receipts showing persons entertained, company
affiliation and business purpose in accordance with the regulations of the
Internal Revenue Service as then in effect.

 

                                                6.                                       Relationship.  Consultant is retained
hereunder only for the purpose and to the extent set forth in this Agreement
and its relationship to Standard is
that of an independent contractor.  The
personnel performing services under this Agreement, including Stark shall at
all times be under Consultant’s exclusive direction and control and shall be
employees of Consultant and not Standard.  Consultant shall pay all wages,
salaries, and other amounts due his employees in connection with this Agreement
and shall be responsible for all reports and obligations respecting them
relating to social security, income tax withholding, unemployment compensation,
workers’ compensation, and similar payroll reporting and employment matters.

 

                                                7.                                       Benefits.  Except for those options to
purchase an aggregate of 8, 260.87 shares of Standard stock granted to Stark as
a Key Non-Employee (as defined in the Standard Long Term Incentive Plan
effective as of May 1, 2004) pursuant to a certain Non-Statutory Stock
Option Agreement dated May 27, 2004, and the Non-Statutory Stock Option
Agreement dated as of May 2, 2006, neither Consultant or Stark shall
acquire any rights under any pension, stock option, group insurance or any
other benefit plans of Standard by
reason of this Agreement.

 

                                                8.                                       Assignment.  This Agreement may not be
assigned by Consultant or any part of the services to be provided by Consultant
subcontracted without the express written consent and approval of
Standard.  Stark acknowledges and agrees
that this is a personal service contract and the services he is to provide
hereunder are unique and personal and may not be assigned by Stark or any of
his duties delegated, without the express written consent and approval of
Standard.  Standard may assign this Agreement and the Agreement shall
be binding upon and inure to the benefit of any successor or assignee of Standard.

 

                                                9.                                       Indemnification.  Consultant and Stark shall
indemnify, defend, and hold harmless Standard from and against all claims and actions, and all expenses incidental to
such claims or actions, based upon or arising out of damage to property or injuries
to persons or other tortuous acts caused or contributed to by Consultant, Stark
or anyone acting under its or his direction or control or in its or his behalf
in the course of the performance under this Agreement, provided the aforesaid
indemnity and hold harmless agreement of Consultant and Stark shall not be
applicable to any liability based upon the negligence of Standard.  This Section 9
and the indemnity obligation of Consultant and Stark shall survive the
termination of this Agreement for any reason.

 

                                                10.                                 Notices.  Any notice or communications to
be given shall be in writing and shall be served personally, by express
courier, facsimile copy, or mailed by United States registered or certified
mail, return receipt requested, to the following addresses:

 

 

	
  To :

  	
   

  	
  Standard Parking Corporation

  
	
   

  	
   

  	
  Attn: Legal Department 

  
	
   

  	
   

  	
  900 North Michigan Avenue

  
	
   

  	
   

  	
  Suite 1600 

  
	
   

  	
   

  	
  Chicago, IL 60611

  
	
   

  	
   

  	
  Fax# (312) 640-6162 

  

 

 

	
  To
  Consultant

  	
   

  
	
  &
  Stark:     Mr. Dale E Stark

  
	
   

  	
   

  	
  29310 Wagon
  Road

  
	
   

  	
   

  	
  Agora, CA
  91301

  

 

 

 

 

 

                                                11.                                 Covenants Against Unfair Competition and
Disclosure of Confidential Information.

 

a.                                       During the term of this Agreement, Consultant,
Stark and, as applicable, its and his partners, associates, 

employees and/or affiliates (collectively hereinafter referred
to as “Responsible Parties”) will have access to and will gain knowledge with
respect to trade secrets and private and secret processes of Standard, confidential information concerning the
financial statements and operations of Standard, its sales and marketing activities and procedures, its bidding
techniques, its design and construction techniques, product research and
engineering data, its customer lists of owners of parking facilities, or credit
and financial data concerning such customers or potential customers (in the
aggregate referred to hereinafter as “Secret and Confidential Information”). 
Consultant and Stark acknowledge that the Secret and Confidential Information
constitutes a valuable, special and unique asset of Standard, to which Standard has the right to retain and hereby does retain all of its proprietary
interests.  However, access to and knowledge of the Secret and
Confidential Information is essential to the performance of Consultant’s and
Stark’s services for Standard.  In recognition of this fact, Consultant and
Stark agree that neither the Consultant, Stark nor any of the Responsible
Parties will, during or after the Consulting Term, disclose or divulge any of
such Secret and Confidential Information to any person, firm, corporation,
association or other entity for any reason or purpose whatsoever (except as
necessary in the performance of Consultant’s and Stark’s duties hereunder) or
make use of any of the Secret and Confidential Information for its or his  own purpose or those of the Responsible
Parties.

 

b.                                      Consultant and Stark acknowledge and agree that
the remedy at law for any breach of this Section 11 will be inadequate and
that the damages flowing from such breach are not readily measurable in
monetary terms.  Accordingly, it is
acknowledged that Standard shall be
entitled, among other remedies, to immediate injunctive relief for any breach
and, if the court so permits, to obtain a temporary order restraining any
threatened or further breach.  This
covenant shall nevertheless, if breached, give rise to monetary damages, if
any, in accordance with the other provisions of this Agreement.  Upon the breach or threatened breach, Standard shall be relieved of any and all obligations to
pay any Retainer or Consulting Fee then due and owing or to become due and
owing to Consultant and/or Stark.

 

c.                                       The covenants on the part of Consultant and Stark
set forth in this Section 11 shall be construed as agreements independent
of any other provisions of this Agreement, and the existence of any claim or
cause of action of the Consultant and/or Stark against Standard, whether predicated on this Agreement or
otherwise, shall not constitute a defense to the enforcement by Standard of these covenants.

 

                                                12.                                 Death or Disability of Stark.  In
the event of the death or disability (as determined by Standard in its sole
discretion) of Stark occurring during the Consulting Term, this Agreement shall
be deemed terminated upon notice from Standard. 
Any Retainer or Consulting Fees earned through he date of termination
shall be paid to Stark or Stark’s beneficiaries, as applicable, in accordance
with Section 4 hereof.

 

                13.                                 Representations by Consultant.  In
representing Standard to third
parties, Consultant, Stark or any of the Responsible Parties, shall not represent itself, himself or
themselves as having any authority to bind or commit Standard to any contract, to invest funds, or to extend a
line of credit in the name of Standard.

 

                                                14.                                 Termination.  In addition to the termination
rights set forth in Section 3 herein, this Agreement may be terminated by
either party if the other party defaults in any of its obligations hereunder,
and fails to cure such default within fifteen (15) days following receipt of
written notice thereof.  Provided,
however, a violation by Consultant, Stark and/or the Responsible Parties of Section 11
herein shall constitute grounds for immediate termination of this Agreement by Standard and forfeiture of any Retainer or Consulting Fees
and/or other sums due or to become due to Consultant hereunder.

 

                                                15.                                 Invalid Provisions.  Should
any portion of this Agreement, for any reason, be declared by a court of
competent jurisdiction to be unreasonable or invalid, any such unreasonable
portion shall be enforceable to the extent deemed reasonable by such court and
any such invalidity shall not affect the remaining portion of this Agreement,
which remaining portions shall continue in full force and effect as if this
Agreement had been executed with the invalid portion thereof eliminated; it being
the intention of the parties that they would have executed the remaining
portion of this Agreement without including any such invalid portion.

 

                16.                                 Governing Law and Method of Amendment.  This
Agreement shall be governed by and construed in accordance with the laws of the
State of California and contains the entire understanding and agreement between
the parties and shall not be amended, modified or supplemented, except by
written agreement by the parties hereto.

 

                                                17.           Integration. 
This Agreement and the covenants and agreements contained in the Second
Executive Management Agreement that by their terms survive the termination of
the Second Executive Management Agreement, including but not limited to Section 2.3
(a) and (b) and Sections 5.1, 5.2 and 5.3 (the “Continuing Covenants”)
represent the entire agreements of the parties with respect to the subject
matter hereof.  Consultant and Stark
expressly reaffirm the continued validity of the Continuing Covenants and
affirm that these covenants were essential conditions to the acquisition by
Standard of Stark’s ownership interest in Executive Parking and he acknowledges
and reaffirms that the restrictions in Section 2.3 are reasonable
protections under the circumstances as contemplated in the Second Executive
Management Agreement and affirmed by this Agreement.

 

 

 

 

 

 

                                                IN WITNESS WHEREOF, the parties hereto have
executed this Agreement the date first above written.

 

Standard Parking Corporation

 

	
  By:

  	
   

  	
  /s/ JAMES A. WILHELM

  
	
   

  	
   

  	
  James A. Wilhelm

  

 

	
  Consultant:

  
	
   

  
	
  By:

  	
   

  	
  /s/ DALE G. STARK

  
	
   

  	
   

  	
  Dale G. Stark, IndividuallyExhibit 10.25

 

DATED 26 February 2008

 

 

 

IVG DEVELOPMENTS (EUSTON) LIMITED and

 

IVG DEVELOPMENTS (MELTON ST) LIMITED

 

and

 

MIVA (UK) LIMITED

 

 

 

 

 

DEED OF VARIATION

 

re: a lease made between

Commercial Union Life Assurance Company
Limited

and

Espotting Media (UK) Limited

and dated 15 April 2005

 

relating to

First Floor of 194 Euston Road, London NW1

 

 

 

 

 

 

Baker & McKenzie
LLP

 

London

Ref:
SMT//MSH/22166714-1

 

 

THIS DEED of VARIATION
made the 26 day of February 2008

 

BETWEEN

 

(1)                                  IVG
DEVELOPMENTS (EUSTON) LIMITED (incorporated and registered in England and Wales
under company number 6291494), the registered office of which is at 1
Farringdon Place, 20 Farringdon Road, London EC1M 3AP and IVG
DEVELOPMENTS (MELTON ST) LIMITED (incorporated and registered in England
and Wales under company number 6291499), the registered office of which is at 1
Farringdon Place, 20 Farringdon Road, London EC1M 3AP (the “Landlord”); and

 

(2)                                  MIVA (UK)
LIMITED
(incorporated and registered in England and Wales under company number 3971244),
the registered office of which is at First Floor, Euston Xchange, 194 Euston
Road, London NW1 2DA (the “Tenant”)

 

RECITALS

 

(A)                             This deed is supplemental to
the Lease by which the Premises were demised for the Term subject to the
payment of the rents reserved by and the observance and performance of the
covenants on the lessee’s part and the conditions contained in the Lease.

 

(B)                               The Landlord is entitled to
the reversion immediately expectant on the determination of the Term and the
Landlord’s reversionary interest is registered with Title Numbers NGL886838 and
NGL886837.

 

(C)                               The Landlord and the Tenant
have agreed that the Lease shall be varied on the terms hereinafter mentioned.

 

IT IS AGREED AS FOLLOWS:

 

1

 

1.                                      Definitions

 

In this deed the following definitions apply:

 

	
  “Agreement”

  	
  means an agreement dated [               ] and made between the
  Landlord (1) and the Tenant (2)

  
	
   

  	
   

  
	
  “Landlord”

  	
  means the first party to this deed and its
  successors in title;

  
	
   

  	
   

  
	
  “Lease”

  	
  means a lease dated 15 April 2005 and made
  between the Landlord (1) and the Tenant (2) and any document
  supplemental to or varying such lease whether entered into before or after
  the date of this deed and including this deed;

  
	
   

  	
   

  
	
  “Premises”

  	
  means the premises known as First Floor of 194
  Euston Road, London NW1 as more particularly described in the Lease;

  
	
   

  	
   

  
	
  “Vacated Part”

  	
  means that part of the Premises which is to be
  retained by the Landlord shown hatched in yellow on the Plan;

  
	
   

  	
   

  
	
  “Plan”

  	
  means the plan attached to this deed and marked
  “Plan 2”;

  
	
   

  	
   

  
	
  “Tenant”

  	
  means the second party to this deed and its
  successors in title;

  
	
   

  	
   

  
	
  “Term”

  	
  means the term granted by Lease.

  

 

2.                                      Interpretation

 

2.1                                 The clause headings are for
reference only and do not affect the construction of this deed.

 

2

 

2.2                                 Unless otherwise specified, a
reference to legislation is to that legislation as consolidated, amended or
re-enacted from time to time and includes all orders, regulations, consents,
licences, notices and bye-laws made or granted under such legislation.

 

2.3                                 A reference to a person
includes an individual, a corporation, company, firm or partnership, or
government body or agency, whether or not legally capable of holding land.

 

2.4                                 Words importing one gender
include all other genders and words importing the singular include the plural
and vice versa.

 

3.                                      Variation

 

3.1                                 The Landlord and the Tenant
agree that the Lease shall, with effect from the date of this deed, be varied
in the manner specified in the Schedule to this deed and the Lease shall
henceforth take effect and be read and construed accordingly.

 

4.                                      General

 

4.1                                 This deed is supplemental to
the Lease.

 

4.2                                 Except as expressly varied by
this deed, the Lease remains in full force and effect.

 

4.3                                 Except to the extent set out
in clause 5 and the Schedule this deed will not release or lessen the liability
under the Lease of the Tenant, or any other person whether before or after the
date of this deed.

 

4.4                                 Unless expressly stated
nothing in this deed will create any rights in favour of any person pursuant to
the Contracts (Rights of Third Parties) Act 1999.

 

3

 

5.                                      Release
of Tenant

 

The Landlord releases the Tenant from all obligations
on its part contained in and all liabilities whatsoever under the Lease and all
deeds and documents supplemental thereto whether past present or future and all
actions proceedings costs claims and demands arising from such obligations and
liabilities so far as they relate to the Vacated Part.

 

6.                                      Release
of Landlord

 

The Tenant releases the Landlord from all
obligations on its part contained in and all liabilities whatsoever under the
Lease and all deeds and documents supplemental thereto whether past present or
future and all actions proceedings costs claims and demands arising from such
obligations and liabilities so far as they relate to the Vacated Part.

 

7.                                      Rights of
third parties

 

                                                The parties do not intend any
term of this Transfer to be enforceable pursuant to the Contracts (Rights of
Third Parties) Act 1999.

 

8.                                      Counterparts

 

                (a)           Any number of counterparts

 

This Transfer may be executed in any number
of counterparts, and by the parties on separate counterparts, but shall not be
effective until each of the parties has executed at least one counterpart.

 

                (b)           Each counterpart an
original

 

Each counterpart shall constitute an
original of this Transfer, but all counterparts shall together constitute one
and the same instrument.

 

4

 

9.                                      Memorandum

 

9.1                                 The Landlord and the Tenant
agree to endorse a memorandum of this deed on the Counterpart Lease and the
Lease respectively and to send the other a certified copy of such memorandum
within 10 working days of the date of this deed.

 

IN WITNESS of which this deed has been
duly executed and is delivered on the date written at the beginning of this
deed.

 

5

 

SCHEDULE

 

Variations to the Lease

 

1.             The
definition of “Premises” shall be deemed deleted and replaced by the following:

 

“Premises                                                                                      the premises on the 1st
floor of the Building shown shaded green and hatched pink and blue on Plan 2
described (for the purpose of obligation as well as grant) in Part 1 of
Schedule 1”

 

2.             Clause 2.3.1 shall be deleted and
replaced by the following clause:

 

 

“2.3.1                                                                  By equal quarterly payments in
advance on the Rent Payment Days from and including
                                                                  
until 17 April 2010 (both days inclusive) the yearly rent of
                                                                 
the first payment for the period beginning on the                                         and
ending on the day before the next Rent Payment Day to be made on the date
hereof”.

 

6

 

 

	
  EXECUTED as a DEED
  by

  	
  )

  
	
  IVG
  DEVELOPMENTS (EUSTON)

  	
  )

  
	
  LIMITED

  	
  )

  
	
  in the presence of:

  	
  )

  

 

 

 

	
   

  	
  Director

  	
  /s/ David Gibson

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Director/Secretary

  	
  /s/ Matt Mason

  

 

 

 

	
  EXECUTED as a DEED
  by

  	
  )

  
	
  IVG DEVELOPMENTS (MELTON ST) 

  	
  )

  
	
  LIMITED

  	
  )

  
	
  in the presence of:

  	
  )

  

 

 

 

	
   

  	
  Director

  	
  /s/ David Gibson

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Director/Secretary

  	
  /s/ Matt Mason

  

 

 

 

	
  EXECUTED as a DEED
  by

  	
  )

  
	
  MIVA (UK) LIMITED

  	
  )

  
	
  in the presence of:

  	
  )

  

 

 

 

	
   

  	
  Director

  	
  /s/ Sebastian Bishop

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Director/Secretary

  	
  /s/ Todd Taylor

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