ACCESS WORLDWIDE COMMUNICATIONS INC
CONSULTING AGREEMENT
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<TYPE>EX-10.(GGGG)
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<FILENAME>dex10gggg.htm
<DESCRIPTION>CONSULTING AGREEMENT
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10(gggg) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g89287img001.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ACCESS WORLDWIDE COMMUNICATIONS,
INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>4950 COMMUNICATION AVENUE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Suite 300 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Boca Raton, Florida 33431 </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">February 9, 2005 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Mr. Alfonso S. Yuchengco </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><U>Re:&nbsp;&nbsp;&nbsp;&nbsp;Consulting Agreement</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Dear Mr. Yuchengco: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">This letter of agreement </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(&#147;Letter Agreement&#148;) replaces the agreement dated
October 11, 2004 and confirms the arrangements, terms and conditions whereby you (hereinafter referred to as the &#147;Consultant&#148;), from March 1, 2005, through February 29, 2008, will serve as a non-exclusive consultant and advisor to Access
Worldwide Communications, Inc., a Delaware corporation (the &#147;Company&#148;). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">1. <U>Consulting Services.</U> The Consultant shall, during the Term hereof, serve as a consultant to the Company regarding all matters and activities the Company is performing in the Philippines, reporting directly
to the Chairman and CEO of the Company. In connection with the foregoing, it is specifically understood and agreed that simultaneously with his undertakings for the Company hereunder, the Consultant may be performing other services for other clients
and otherwise undertaking other business opportunities, provided that the same shall at no time result in a conflict of interest with respect to the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. <U>Consulting Fee.</U> As compensation, the Company shall pay to the Consultant a monthly fee of five thousand US dollars ($5,000.00) payable on a
monthly basis during the Term hereof. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. <U>Options.</U> In addition to the Consulting Fee, the Company will make a one time issuance to
Consultant of 50,000 stock options. The stock options will be priced at market, pursuant to the Company&#146;s 1997 stock option plan as amended from time to time. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4. <U>Business Procurement Fee.</U> During the Term hereof, in addition to the consulting services described in section 1,
above, Consultant may, at Consultant&#146;s option, engage in efforts to effectuate sales of the Company&#146;s services and/or products to third parties. For any sales of the Company&#146;s services and/or products during the Term hereof for which
Consultant is the sole and direct procuring cause (&#147;Qualifying Sales&#148;), Consultant shall receive a commission (&#147;Commission&#148;) of five percent (5%) of the Sales Revenue from production for year one, three percent (3%) for year two,
one percent (1%) for year three, and a residual of 0.5% for the duration of each Qualifying Sale. Notwithstanding the foregoing, no Commissions shall continue beyond three (3) years from the termination of this Agreement. As used herein, the term
&#147;Sales Revenue&#148; shall mean actual net revenue collected and received by the Company as net revenue (rather than as cost reimbursement, pass-through costs, advances, grants, deposits, etc.) and as full payment directly from Qualifying
Sales. Commissions on Sales Revenue shall be paid within thirty (30) days after the Company&#146;s receipt of said Sales Revenue, and shall at all times be subject to chargebacks and offsets. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5. <U>Term and Termination.</U> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.1 Term. The term of this Letter Agreement shall commence
on March 1, 2005, and shall continue through February 29, 2008 (the &#147;Term&#148;) After the Term, this Agreement shall automatically renew on a month to month basis, unless either Party gives the other Party thirty (30) days advance written
notice of its intention to terminate. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.2
Termination. In the event that either Party materially breaches the terms and conditions of this Agreement, and such material breach has not been cured by the defaulting Party within ten (10) days after receipt of written notice specifying such
material breach from the non-defaulting Party, the non-defaulting Party may either withhold its performance or terminate this Agreement at any time upon written notice, and/or seek any right or remedy available to it under law or in equity. Such
termination shall not constitute a waiver by the terminating Party of any right to damages, injunctive relief, or other remedies. In the event of termination, Company will compensate Consultant pro-rata for work already performed and furnished as
agreed upon. Moreover, in the case where Company has pre-paid for work to be performed, Consultant shall return the pro-rata portion of pre-paid charges to Company no later than thirty (30) days after the effective date of termination.
Notwithstanding the foregoing, either Party may terminate this Agreement with sixty (60) days advanced written notice. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6. <U>Confidential Information</U>. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6.1 (a) The Consultant shall, during the Consultant&#146;s engagement with the Company and at all times
thereafter, treat all confidential material (as hereinafter defined) of the Company or any of the Company&#146;s subsidiaries, affiliates or parent entities (the Company and the Company&#146;s subsidiaries, affiliates and parent entities being
hereinafter collectively referred to as the &#147;Company Group&#148;) confidentially. The Consultant shall not, without the prior written consent of the CEO, disclose such confidential material, directly or indirectly, to any party, who at the time
of such disclosure is not a Consultant or agent of any member of the Company Group. The Consultant agrees that all confidential material, together with all notes and records of the Consultant relating thereto, and all copies or facsimiles thereof in
possession of the Consultant (whether made by the foregoing or other means) are the exclusive property of the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) For the purposes hereof, the term &#147;confidential material&#148; shall mean all information in any way concerning the activities,
business or affairs of any member of the Company Group or any of the customers of any member of the Company Group, including, without limitation, information concerning trade secrets, together with all sales and financial information concerning any
member of the Company Group and any and all information concerning projects in research and development or marketing plans for any products or projects of the Company Group, and all information concerning the practices and customers of any member of
the Company Group; provided however, that the term &#147;confidential material&#148; shall not include information which becomes generally available to the public other than as a result of a disclosure by the Consultant. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6.2 Promptly upon the request of the Company, the Consultant
shall deliver to the Company all confidential material relating to any member of the Company Group in the possession of the Consultant without retaining a copy thereof. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7. <U>Independent Contractor.</U> The Consultant shall at all times during the Term hereof be an independent contractor of
the Company. Nothing herein shall be construed to make the Consultant an Employee of the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8. <U>Notices.</U> Any notice or other communication required or permitted by this Letter Agreement shall
be sufficiently given or sent if delivered personally, sent by telegram, or mailed by certified or registered mail or overnight carrier, postage prepaid, addressed as follows: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
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<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">If to the Company:</FONT></TD>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Access Worldwide Communications, Inc.</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4950 Communication Avenue</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Suite 300</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Boca Raton, Florida 33431</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Attention: Chief Executive Officer</FONT></TD></TR>
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<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">If to the Consultant:</FONT></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Mr. Alfonso S. Yuchengco</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">or to such other address as may be
furnished in writing by either party to the other. All such notices and communications shall be deemed to have been given as of the date received if delivered personally, or the date so sent or so deposited in the United States mails if otherwise
given. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">9. <U>Governing Law.</U> This Letter Agreement shall be
governed by, and construed and enforced in accordance with, the laws of the State of Florida, without giving effect to the principles of conflict of laws thereof. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">10. <U>Entire Agreement.</U> This Letter Agreement constitutes the entire agreement between the parties and may be amended
only in writing executed by the parties hereto affected by such amendment. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">11. <U>No Waiver.</U> The failure by either party to insist upon strict compliance with any of the terms, covenants or conditions hereof shall not be deemed a waiver of such terms, covenants or conditions nor shall
any waiver or relinquishment of any right or power hereunder at any one time or more times be deemed a waiver or relinquishment of such right or power at any other time or times. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">If the above terms conform with your understanding, kindly execute this letter in the appropriate space below, whereupon
this shall serve as a binding agreement between us. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Very truly yours,</FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="3" NOWRAP><FONT FACE="Times New Roman" SIZE="2">ACCESS WORLDWIDE COMMUNICATIONS, INC.</FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
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<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;S<SMALL>HAWKAT</SMALL> R<SMALL>ASLAN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></TD></TR>
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<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Shawkat Raslan</B></FONT></TD></TR>
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<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Chairman and Chief Executive Officer</B></FONT></TD></TR>
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<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">AGREED AND ACCEPTED AS OF THE<BR>DAY AND YEAR FIRST WRITTEN ABOVE</FONT></TD></TR>
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<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;A<SMALL>LFONSO</SMALL> S.
Y<SMALL>UCHENGCO&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></TD></TR>
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<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Alfonso S. Yuchengco</B></FONT></TD></TR>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">5 </FONT></P>

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