EXHIBIT 4.11
ADVISORY AGREEMENT
between
IFCO Systems N.V.
Amsteldijk 166 Rivierstaete, 1079 LH Amsterdam, the Netherlands
- thereafter the "COMPANY" -
and
Schoeller Logistics Industries GmbH
▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
- thereafter the "ADVISOR" -
(S)1
ADVISORY SERVICES
(1) The Consultant provides advisory services in accordance to this agreement,
requested by the Company respectively ("ADVISORY SERVICE").
(2) The Advisory Services include the services described in APPENDIX 1 to this
Agreement as well as additional services requested and agreed upon
separately by the parties in written.
(3) The Consultant renders advisory services with a team of up to 8 employees
((the "ADVISORY TEAM"). The members of the Advisory Team are listed in
APPENDIX 2 of this Agreement. The parties are aware of the fact that the
Advisory Team exclusively reports to the Advisor and not to the Company
(4) The Advisory Services have to be provided in a professional state of the
art status in actual content and technique. The Advisor assures the
necessary knowledge and experience of the Advisory Team for these services.
(5) The parties assume that the Advisory Services will request 1.000 man-days
per year (with an average cost per day of (Euro) 740 per Advisory Team
member).
(S)2
SUPPORT BY THE COMPANY
(1) The Company will provide the Advisory Team with the necessary office space,
telephone and telefax access, secretary services as well as other adequate
infrastructurial components.
(2) The necessary certificates or product licenses are to be defined by the
Company.
(3) The Company also provides for translation services if requested with
respect to the Advisory Services.
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(4) The above described support will be served at cost to SLI. SLI has to
reimburse IFCO for this support.
(S)3
REMUNERATION
(1) Advisory Services will be remunerated with a flat fee of (Euro) 750.000 (in
words: seven hundred and fifty thousand Euro). This amount does not include
VAT or other taxes if applicable.
(2) The remuneration mentioned under (S)3 (1) is to be paid monthly in equal
monthly parts of the total fee.
(3) The flat fee includes all expenses exclusively of travel expenses as well
as for special purposes additionally engaged consultants which has to be
agreed upon project by project. Travel expenses will be settled case by
case.
(S)4
PROPERTY RIGHTS
All results derived from the Advisory Services of the Advisory Team will be
owned by the Company. This includes especially all inventions and proposals
for enhancement defined by the Advisory Team. The Advisor undertakes to
verify all proposals of the Advisory Team derived from their Advisory
Services. The Advisor will transfer all rights referring to these to the
Company and especially will support the Company with the enforcement of
eventual industrial property rights. Legal costs of such enforcement are
borne by the Company.
(S)5
CONFIDENTIALITY
(1) During as well as after termination of this Agreement the Advisor will
treat all confidential issues as well as business secrets of the Company
and related companies strictly confidential with respect to all information
derived within the scope of the Advisory Services (especially production
processes, data, production know-how, sales and marketing plans,
unpublished business plans, balance sheets, budgets, licenses, pricing
policies, cost structures, lists of clients and suppliers) or issues which
have been especially declared as confidential by the Company.
(2) The Advisor will assure by adequate contractual agreements with the members
of the Advisory Team that they will respect the confidentiality agreement
according to (S)5 (1).
(3) Upon request of the Company after the termination of this contract the
Advisor will provide the Company with all documents relating to the Company
or companies related to the Company especially all records, workouts,
drawings, protocols, reports, files or other documents (including copies of
these). This is also applicable to electronically saved files especially
computer programs, lists or analyses performed in edp programs.
(4) The Advisor recognizes explicitly that the documents mentioned in (S)5 (3)
are owned by the Company or companies related to the Company. The Advisor
has no right to retain any such documents.
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(S)6
DURATION AND TERMINATION
(1) This Agreement starts January 1, 2001 and ends at December 31, 2001.
Prolongation takes place for another year if the Agreement is not
terminated in written 1 (one) month before the end of the year of duration.
Prolongation or termination has to be decided by the Board of Directors.
(2) The right to terminate the Agreement in case of extraordinary reason
remains unaffected.
(S)7
OTHERS
(1) This Agreement replaces all previous Agreements between the parties with
respect to Advisory Services. All changes thereto require to be in written.
(2) This Agreement underlies the laws of the German Federal Republic.
(3) If any of the paragraphs of this Agreement should be or become ineffective
or inexecutable it will have no impact on the other paragraphs. Instead of
these ineffective or inexecutable paragraphs an effective and executable
regulation is applied which is concentrated as near as possible to the
decided joint goal of the Agreement. This also applies to eventual voids in
this Agreement.
Amsterdam, the day of 22.06.01
/s/ ▇▇▇▇ ▇▇▇▇▇▇ /s/ ▇▇▇▇▇▇▇ Nimtsch /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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IFCO Systems N.V. Schoeller Logistics Industries GmbH
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APPENDIX 1
ADVISORY SERVICES
. Strategy
. Know-how transfer
. Finance structuring
. Alliances (overseas)
. Business Development
. Contacts
. Congress and Associations
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APPENDIX 2
ADVISORY TEAM
1. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
2. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
3. Supportteam:
3.1 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
3.2 ▇▇▇▇▇▇ ▇▇▇▇▇
3.3 ▇▇▇▇▇▇▇ ▇▇▇▇▇
3.4 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
3.5 NN (Controlling and Corporate Finance)
3.6 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (Research and Presentations)
The Advisor may replace member of the support team with other qualified
persons.