Exhibit 10.3
[LETTERHEAD OF POWERRAISE, INC.]
Website Maintenance Agreement
This Agreement is entered into on this 6th day of July 2005, by and between:
POWERAISE INC, a Nevada Corporation, with offices located at #▇▇▇ - ▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇, hereinafter referred to as "THE COMPANY"
and
ITAMAR DAVID an individual, hereinafter referred to as "▇▇▇▇▇" of ▇▇ ▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇
WHEREAS "the Company" owns and operates a website (▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇) and;
WHEREAS "▇▇▇▇▇" is in the business of maintaining corporate websites and;
WHEREAS "the Company" wishes to retain the services of "▇▇▇▇▇" to maintain its
website.
THEREORE in consideration of the mutual promises set forth hereunder, the
sufficiency of which is hereby acknowledged, "the Company" and "▇▇▇▇▇" agree as
follows:
In return for ongoing website maintenance for a period of 24 months
effective with the execution of this Agreement, "the Company" agrees to pay
"▇▇▇▇▇" the sum of $10,000 USD within 30 days of the date of this
Agreement. "▇▇▇▇▇" agrees to provide all required maintenance to the extent
required for the proper ongoing operation of the company's website on a 24
hour / 7 days per week / 365 day per year basis.
Time shall be of the essence in the performance of this Agreement.
If any part of this Agreement is held unenforceable for any reason, the
remaining portion of this Agreement shall remain in full force and effect, and
shall be carried out in a manner which is consistent with the intentions of the
parties hereto.
If any legal action or proceeding, including any arbitration of disputes,
arising out of, or relating to, this General Contract is brought by either
party, the prevailing party as determined by the Court or Arbitrator, shall be
entitled to receive from the non-prevailing party, in addition to any other
relief that may be granted, reasonable attorney's fees, costs and expenses
incurred in the action or proceeding by the prevailing party.
For the purposes of this Agreement and in the event of a dispute between the
parties to this Agreement, the laws of the Province of British Columbia will
prevail and both parties agree to be subject to the jurisdiction of any
competent provincial court in British Columbia.
This Agreement is entered into on this 6th day of July, 2005, in the City of
Vancouver in the Province of British Columbia, Canada.
POWERAISE INC. ITAMAR DAVID, an individual
By: /s/ ▇▇▇▇ ▇▇▇▇▇ By: /s/ Itamar David
------------------------ -------------------------
Name: ▇▇▇▇ ▇▇▇▇▇ Name: Itamar David
Title: President