Item 1.01 Entry into a Material Definitive Agreement.
On
SFM engaged the Company to provide as a non-exclusive, independent contractor of SFM, fuel arrangement, scheduling, transportation, delivery, transferring/pumping/dispensing, and related services for certain passenger motor vehicles, commercial vehicles, industrial/heavy equipment, and all-terrain vehicles/golf carts (the "Services"), which SFM may request in its sole discretion, during the Term. When SFM and the Company have agreed upon the nature, price, and schedule of the Services to be performed for a project or the Formula 1 Miami Grand Prix, they shall complete a Statement of Work order (the "SOW"). Should the parties wish to add to or otherwise modify the services set forth in any SOW all such changes shall be set forth in writing signed by the parties in change order ("Change Order"). SFM will pay the fees specified on each SOW or Change Order.
At the conclusion of the Term, the Agreement will continue to be effective, and the Term shall be extended, on a month-to-month basis until either party gives the other party written notice not less than thirty (30) days in advance, specifying the date of termination. Excluding the termination exceptions below, no termination pursuant to an aforementioned written notice shall become effective (i) during the term of any SOW or Change Order, or (ii) prior to the completion of the Services set forth in any SOW or Change Order.
As full compensation for the performance of the Company's services under the Agreement, SFM shall pay the Company the fees specified on each SOW or Change Order.
Either party may terminate the Agreement if the other party commits a material breach of any provision therein (including, without limitation, any representation or warranty) either: (i) ten (10) days after written notice to the breaching party, if the breach is capable of a cure but has not cured by the breaching party after its receipt of such notice, or (ii) immediately upon written notice to the breaching party, if the breach is not capable of being cured.
After
This summary of the Agreement, does not purport to be complete and is qualified in its entirety by reference to the provisions of the Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.1 Material Services Agreement betweenSouth Florida Motorsports , LLC andEzFill Holdings, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
© Edgar Online, source