AMENDED AND RESTATED AGREEMENT AND GENERAL RELEASE
Execution Copy
AMENDED AND RESTATED AGREEMENT AND GENERAL RELEASE
Amended and Restated Agreement and General Release (the “Agreement”) made, at New
York, New York, as of June 19, 2007, by and between International Fight League, Inc., with offices
located at 000 Xxxx 00xx Xxxxxx, Xxxxx 000, Xxx Xxxx, Xxx Xxxx 00000 (the “Company”), and
Xxxxxxxxx X. Xxxxx, who is domiciled at 000 Xxxxxxx Xxxx, Xxxxxxxxx, Xxxxxxxxxxx 00000-0000
(“Executive”; and each of the Company and the Executive, a “Party”, and
collectively, the “Parties”).
WHEREAS, Executive is employed by the Company as Executive Vice President and Chief Financial
Officer and Treasurer and also serves as a director of the Company; and
WHEREAS, Executive and the Company have entered into an Agreement and General Release, dated
as of April 2, 2007 (“Original Agreement and General Release”) regarding the conclusion of
Executive’s employment by the Company and the process for the orderly transition of Executive’s
separation from employment by the Company; and
WHEREAS, the Parties desire to amend and restate the Original Agreement and General Release,
as set forth below.
NOW, THEREFORE, IT IS AGREED THAT:
1. Separation.
(a) Executive hereby voluntarily and irrevocably tenders, and the Company hereby accepts,
Executive’s resignation as an employee and officer of the Company effective at the close of
business on September 30, 2007 (the “Separation Date”). Notwithstanding the immediately
preceding sentence, upon the Company’s written request, Executive shall resign as an employee and
officer of the Company and of its subsidiaries and affiliates on any date prior to the Separation
Date selected by the Company (the “Earlier Separation Date”), effective as of the date
specified in such notice.
(b) Executive shall continue to serve as a director of (i) the Company until the conclusion of
the Company’s annual stockholders meeting on June 28, 2007, and (ii) the Company’s subsidiaries and
affiliates through the Separation Date (or the Earlier Separation Date, if applicable) unless, at
his option, he elects to resign from such positions.
(c) Until the Separation Date (or the Earlier Separation Date, if applicable), Executive will
fully and faithfully discharge his duties as an officer and director of the Company and of its
subsidiaries and affiliates, and shall comply with this Agreement.
(d) Executive agrees that Executive will not be reemployed by the Company, and Executive will
not knowingly accept, apply for, or otherwise seek employment with the Company or its subsidiaries,
affiliates, successors, assigns, or related companies at any time.
(e) During the period beginning on April 1, 2007 through and including September 30, 2007,
regardless of whether the Executive’s resignation shall have become effective before September 30,
2007, the Company shall: (x) continue to pay Executive his
regular gross salary, at the annualized rate of (1) $200,000 (i.e., $16,667 per month), less
applicable federal, state and local taxes and other appropriate payroll deductions, and in
accordance with prevailing Company payroll practices for the period of April 1, 2007 through June
30, 2007, and (2) $240,000 (i.e., $20,000 per month), less applicable federal, state and local
taxes and other appropriate payroll deductions, and in accordance with prevailing Company payroll
practices for the period of July 1, 2007 through September 30, 2007; (y) to the extent Executive
regularly received this amount from the Company before the date of this Agreement, continue to
reimburse Executive the amount of $329.82 per month for an existing privately acquired disability
insurance policy covering Executive; and (z) to the extent Executive was entitled to such
reimbursement from the Company before the date of this Agreement, for all reasonable out-of-pocket
expenses incurred by Executive in connection with the performance of Executive’s duties and
obligations, including, but not limited to reimbursement of $250.00 per month for Executive’s cell
phone and data plans; provided, that, in the case of clauses (y) and (z), the Company’s obligation
is conditioned upon Executive providing reasonable documentation for each such payment.
(f) In addition to the payments set forth in Section 1(e) above and Section 6(a) below, the
Company shall pay Executive on June 29, 2007, a lump sum special payment, not otherwise owed to
Executive, in the gross amount of Sixty Thousand Dollars and No Cents ($60,000.00), less applicable
federal, state and local taxes and other appropriate payroll deductions.
(g) The Company shall also make a one-time payment of Ten Thousand Dollars and No Cents
($10,000.00) on June 29, 2007 directly to Executive’s law firm, XxXxxxxx & English LLP, as payment
for legal services provided to Executive in connection with this Agreement and the Original
Agreement and General Release.
2. Exclusive Payments. Executive acknowledges and agrees that the Company has paid to
Executive all of Executive’s wages, commissions, bonuses, and accrued vacation pay, and that the
Company owes Executive no other wages, commissions, bonuses, vacation pay, employee benefits,
equity-based compensation, or other compensation or payments of any kind or nature, other than as
provided in this Agreement.
3. Certain Representations, Warranties and Covenants.
(a) Executive covenants and agrees that on or before the Separation Date (or the Earlier
Separation Date, if applicable), he will return to the Company any and all documents, software,
equipment (including, but not limited to, computers and computer-related items), Company credit
cards, and all other materials or other things in Executive’s possession, custody, or control which
are the property of the Company, including, but not limited to, any Company identification, keys,
and the like, wherever such items may have been located; as well as all copies (in whatever form
thereof) of all materials relating to Executive’s employment, or obtained or created in the course
of his employment, with the Company.
(b) Executive hereby represents that, other than those materials Executive will return to the
Company pursuant to Paragraph 3(a) above, Executive has not copied or caused to
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be copied, and has not printed-out or caused to be printed-out, any software, computer disks,
or other documents other than those documents generally available to the public, or retained any
other materials originating with or belonging to the Company, and that Executive will not do so.
Executive further represents that Executive has not retained and will not retain in his possession
any software, documents or other materials in machine or other readable form, which are the
property of the Company, originated with the Company, were obtained or created in the course of
Executive’s employment, or relate to employment with the Company, other than copies of the items
set forth on Schedule A, annexed hereto and made part hereof, relied on by him in the
discharge of his duties as Chief Financial Officer of the Company in support of the public filings
made by the Company under his certification, which shall be deemed “Confidential Information” and
be subject to the requirements of Section 10 below.
(c) Executive represents, warrants and acknowledges that he is aware of his obligations under
applicable federal and state securities laws by virtue of his current office and directorship of
the Company, and that, during the remaining term of his employment by the Company and thereafter,
he shall comply with all such obligations, including without limitation, his use, awareness and
possession of material non-public information and the Company’s Xxxxxxx Xxxxxxx Policy, as in
effect on the date hereof and the Separation Date (or, the Earlier Separation Date, if applicable).
4. Transition. Executive covenants and agrees that he will use his best efforts to
cooperate with the Company to achieve, prior to the Separation Date (or the Earlier Separation
Date, if applicable), an effective and orderly transition of his duties and responsibilities to
such employee(s) or person(s) as the Company in its sole discretion may designate, including, but
not limited to, by promptly and fully responding to all inquiries, following all instructions of
the Board of Directors or the Chief Executive Officer of the Company concerning any matters
involving the Company and within the purview of his employment responsibilities. Executive agrees,
upon request reasonably made by the Board of Directors or the Chief Executive Officer of the
Company, to execute all such documents and take all such actions and steps as the Company
reasonable deems necessary, advisable or required in order to further the intent and purposes of
this Agreement, including the Executive’s resignations and transitions contemplated hereby.
5. Cooperation. Executive covenants and agrees that, as reasonably requested by the
Company, he will promptly and fully respond to all inquiries from the Company and its
representatives concerning any accounting, legal, or administrative matters concerning the Company.
Executive further agrees that he will promptly and fully comply with any reasonable request by the
Company or its representatives asking for Executive’s testimony or other evidence in any legal or
administrative proceeding, or in connection with any claims or demands, concerning the Company.
The Company shall reimburse Executive for any reasonable out-of-pocket expenses incurred in
connection with any cooperation provided under this Section 5; provided, that, in the case of any
expense exceeding $250.00, the Company shall have approved such expense in advance; provided,
further, that, in each case, Executive submits appropriate backup documentation for such expenses.
6. Special Payments. The Company, in full and final settlement of any and all claims
as set forth in this Agreement, and as consideration for this Agreement, will provide
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Executive with the payments and benefits set forth in this Paragraph 6, which payments and
benefits Executive acknowledges and agrees exceeds any payment or benefit to which Executive might
otherwise be entitled:
| (a) | The Company shall pay Executive on September 28, 2007, one special payment in the amount of Seventy Thousand Dollars and No Cents ($70,000.00). | ||
| (b) | Executive shall be entitled to any rights guaranteed by the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). In the event Executive elects to receive health insurance coverage in accordance with COBRA, the Company shall pay, on behalf of Executive, any required premiums for such coverage, for any period in which Executive remains eligible for such COBRA benefits, through the earlier of (i) March 31, 2008, and (ii) the date at which Executive becomes eligible for group health insurance though any employer or professional affiliation other than the Company. Premium and other payments required for any further continued health insurance coverage, in accordance with COBRA, shall be the sole responsibility of Executive. |
7. Release.
(a) Executive, in consideration of the monies and other consideration paid to him pursuant to
this Agreement, releases and forever discharges the Company and the
Company’s current, former, and future controlling shareholders, subsidiaries, affiliates, related
companies, divisions, directors, trustees, officers, employees, agents, attorneys, successors, and
assigns (and the current, former and future controlling shareholders, directors, trustees,
officers, employees, agents, and attorneys of such controlling shareholders, subsidiaries,
affiliates, related companies and divisions), and all persons acting by, through, under, or in
concert with any of them (the Company, and the foregoing other persons and entities are hereinafter
defined separately and collectively as the “Releasees”), from all actions, causes of
action, claims, and demands whatsoever, whether known or unknown,
in law or equity, whether statutory or common law, whether federal, state, local, or otherwise,
including, but not limited to, any claims related to, or arising out of any aspect of Executive’s
employment with the Company, any agreement concerning such employment, or the termination of such
employment, including, but not limited to, any and all claims of wrongful discharge or breach of
contract, any and all claims for equitable estoppel, any and all claims for employee benefits,
including, but not limited to, any and all claims under the Employee Retirement Income Security Act
of 1974, as amended, the Family and Medical Leave Act of 1993, and any and all claims of employment
discrimination on any basis or of unlawful retaliation, including, but not limited to, any and all
claims under Title VII of the Civil Rights Act of 1964, as amended, under the Age Discrimination in
Employment Act of 1967, as amended (“ADEA”), under the Civil Rights Act of 1866, 42 U.S.C.
§ 1981, as amended, under the Americans With Disabilities Act of 1990, under the Civil Rights Act
of 1991, under the Xxxxxxxx-Xxxxx Act of 2002, under the Immigration Reform and Control Act of
1986, as amended, under the New York State Labor Law, as amended, under the New York State Human
Rights Law, as amended, and under the New York City Human Rights Law, as amended; and any claim for
attorneys’ fees, experts’ fees, disbursements or costs; which against the Releasees, Executive,
Executive’s heirs, executors, administrators, or assigns ever had, now have, or hereafter may have,
by reason of any matter,
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cause, or thing whatsoever from the beginning of the world to the date of Executive’s
execution of this Agreement.
(b) Notwithstanding anything to the contrary set forth in subsection (a) of this Section 7,
the Company and Executive agree that, by entering into this Agreement: (x) Executive does not waive
rights or claims that may arise after the date the Agreement is executed; or (y) Executive does not
waive or release the Releasees, or any of them, from claims that may arise under this Agreement.
8. Covenants Against Suit, Claims, etc.
(a) Except as otherwise provided in Paragraphs 8(b) and 17 of this Agreement, Executive
represents and warrants that he has never commenced or filed, and Executive covenants and agrees
never to commence, file, aid, or in any way prosecute or cause to be commenced or prosecuted, any
claims or actions against the Releasees or any of them.
(b) Executive further acknowledges, represents, and warrants that Executive has not reported
any purported improper, unethical or illegal conduct or activities to any supervisor, manager,
agent or other representative of the Company or to any member of the Company’s legal or compliance
personnel. Notwithstanding the foregoing, nothing in this Agreement shall prohibit or restrict
Executive from (i) making any disclosure of information required by law; (ii) providing information
to, or testifying or otherwise assisting in, any investigation or proceeding brought by any
federal, state or local regulatory or law enforcement agency or legislative body, any
self-regulatory organization, or the Company’s legal or compliance personnel or to legal advisers
and consultants retained by Executive for such purposes; or (iii) testifying, participating in or
otherwise assisting in a proceeding relating to an alleged violation of the Xxxxxxxx-Xxxxx Act of
2002, or any federal, state or municipal law relating to fraud or any rule or regulation of the
Securities and Exchange Commission, or any self-regulatory organization.
(c) Executive covenants and agrees that, at any time after the date of this Agreement, he will
not disparage the reputation of the Company or its directors, officers or employees, directly or
indirectly, through verbal or written communications or innuendo.
9. Post-Separation Services. During the period beginning the day after the Separation
Date (or, if applicable, the Earlier Separation Date) and continuing through and including December
31, 2007, Executive shall make himself available, telephonically or by Internet, to provide advice
and consultation regarding the business and operations of the Company, as the Company’s Chief
Executive Officer may specify from time to time in his sole discretion (together, the
“Services”). Executive will provide the Services at such times and in such manner as the
Company shall reasonably request. The relationship between the Company and Executive after the
Separation Date (or, if applicable, the Earlier Separation Date), will be that of independent
contractors, and both the Company and Executive will represent, and will cause their respective
officers, employees, agents and representatives to represent, to third parties that the Executive’s
capacity hereunder is that of a “consultant” or “advisor”, so as to clearly differentiate his
status as such from that of an employee or officer of the Company. Neither Party shall be the
agent of the other for any purpose whatsoever, have power or authority to
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make or give any promise, to execute any contract or otherwise create, or assume any liability
or obligation in the name of or on behalf of the other Party. The Company shall reimburse
Executive for any reasonable out-of-pocket expenses incurred in connection with providing the
Services under this Section 9; provided, that, in the case of any expense exceeding $250.00, the
Company shall have approved such expense in advance; provided, further, that, in each case,
Executive submits appropriate backup documentation for such expenses.
10. Confidential Information.
(a) Executive shall keep confidential, and shall not hereafter, directly or indirectly,
appropriate for his own use, or disclose, furnish or make available to any person, firm,
corporation, governmental agency, or other entity, any trade secret, proprietary information, or
confidential information of the Company, including, but not limited to, information relating to
trade secrets, processes, methods, pricing strategies, customer lists, customer contacts, marketing
and sales plans, promotion and sponsorship plans, licensing plans and agreements, programming
content, broadcast materials, coach and athlete arrangements, costs and pricing data, financial
reports, strategic plans, and other confidential business matters (collectively, “Confidential
Information”). Executive shall keep the terms, amount, and fact of this Agreement
confidential, and shall not hereafter disclose any information concerning this Agreement to any
person, firm, corporation, governmental agency, or other entity, without the prior written consent
of the Company; provided, however, the Executive may disclose such information to its financial,
tax and legal advisors.
(b) Notwithstanding anything to the contrary set forth in this Agreement, the term
“Confidential Information” as used in this Agreement shall not include any information that is or
was: (i) already known to Executive on a non-confidential basis at the time that it was disclosed
to Executive as demonstrated by his pre-existing, contemporaneous written records demonstrating
such knowledge; (ii) in the public domain through no fault or wrongful act of Executive; or (iii)
approved for public release by express written authorization of the Company.
(c) Notwithstanding anything to the contrary set forth in this Agreement, Executive shall be
entitled to disclose Confidential Information to the extent required by any applicable law, rule or
regulation or governmental, regulatory or supervisory agency, body or authority; provided, however,
that the Executive shall have given the Company prior written notice of any such request or
requirement (including the terms of, and circumstances surrounding, such request) so that the
Company may seek (at its own expense) an appropriate protective order or other appropriate remedy
and/or waive compliance with the provisions of this Section 10. If such order or other remedy is
not obtained, or the Company waives in writing compliance with the provisions of this Section 10 in
that specific instance, the Executive will disclose only that portion of the Confidential
Information which it is legally required to disclose, and will exercise reasonable efforts to
obtain reliable assurance that confidential treatment will be accorded such Confidential
Information.
11. Indemnification.
(a) Executive agrees to indemnify and hold harmless each and all of the Releasees from and
against any and all loss, cost, damage, or expense, including, but not limited
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to, attorneys’ fees, incurred by the Releasees, or any of them, arising out of any breach by
Executive of this Agreement, the fact that any representation made by Executive in this Agreement
was false when made, Executive’s failure to pay any applicable taxes timely and fully, and any
liability assessed against the Company by any governmental entity due to the Agreement’s
characterization of the Company’s payments to Executive.
(b) The Company expressly covenants and agrees that Executive shall be entitled to
indemnification and advancement of expenses as and to the extent provided in the Certificate of
Incorporation and Bylaws of the Company, each as amended from time to time, but in no case shall
Executive receive less than the level of indemnification and advancement of expenses accorded to
officers and directors under the Delaware General Corporation Law. In furtherance but not in
limitation of the foregoing entitlement, the Company represents and warrants that prior to the
Separation Date (or the Earlier Separation Date, if applicable), Executive shall be covered by
director and officer liability insurance policies that the Company may have in force during the
term of this his employment, subject in all cases to the terms, conditions and limitations of such
policies.
12. No Admissions. This Agreement shall not in any way be construed as an admission
by the Company or Executive of any liability, or of any wrongful acts whatsoever against each other
or any other person.
13. Statutory Provisions. Notwithstanding any other provision of this Agreement to
the contrary:
(a) The Company and Executive agree that this Agreement shall not affect the rights and
responsibilities of the U.S. Equal Employment Opportunity Commission (the “EEOC”) to
enforce the ADEA and other laws, and further agree that this Agreement shall not be used to justify
interfering with Executive’s protected right to file a charge or participate in an investigation or
proceeding conducted by the EEOC. The Company and Executive further agree that Executive knowingly
and voluntarily waives all rights or claims (that arose prior to Executive’s execution of this
Agreement) Executive may have against the Releasees, or any of them, to receive any benefit or
remedial relief (including, but not limited to, reinstatement, back pay, front pay, damages, and
attorneys’ fees) as a consequence of any charge filed with the EEOC, and of any litigation
concerning any facts alleged in any such charge.
(b) The Company and Executive agree that, for a period of seven (7) days following the
execution of this Agreement, Executive has the right to revoke this Agreement by written notice to
Xxxxxxx X. Xxxxx, President, Legal and Business Affairs, at the Company’s address above. The
Company and Executive further agree that this Agreement shall not become effective or enforceable
until the eighth (8th) day after the execution of this Agreement; and that in the event Executive
revokes this Agreement prior to the eighth (8th) day after the execution of this Agreement, this
Agreement, and the promises contained in this Agreement, shall automatically be deemed null and
void.
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(c) The Company hereby advises and urges Executive in writing to consult with an attorney
prior to executing this Agreement. Executive represents and warrants that the Company gave
Executive a period of twenty-one (21) days in which to consider this Agreement before executing
this Agreement. Executive has knowingly, voluntarily and intentionally waived his entitlement to a
period of twenty-one (21) days in which to consider this Agreement before executive this Agreement.
(e) Executive’s acceptance of the monies paid by the Company, as described in Paragraph 6 of
this Agreement, at any time more than seven (7) days after the execution of this Agreement shall
constitute an admission by Executive that Executive did not revoke this Agreement during the
revocation period of seven (7) days; and shall further constitute an admission by Executive that
this Agreement has become effective and enforceable.
(f) If Executive executed this Agreement at any time prior to the end of the twenty-one (21)
day period that the Company gave Executive in which to consider this Agreement, such early
execution was a knowing and voluntary waiver of Executive’s right to consider this Agreement for
twenty-one (21) days, and was due to Executive’s belief that Executive had ample time in which to
consider and understand this Agreement, and in which to review this Agreement with an attorney.
(g) This Agreement shall not affect or be used to interfere with Executive’s protected right
to test in court, under the Older Worker Benefit Protection Act, or like statute or regulation, the
validity of the waiver of rights set forth in this Agreement.
14. Jurisdiction; Venue. Executive and the Company agree that any suit, action, or
proceeding relating to or arising out of this Agreement, the breach of this Agreement, or
Executive’s rendering of services to the Company, shall be brought in the United States District
Court for the Southern District of New York or in a state court having jurisdiction located in the
State of New York, County of New York, and not in or before any other court, agency or other
tribunal. Each Party hereby irrevocably consents to the exercise of personal jurisdiction over
such Party by the respective foregoing forum courts, agrees that venue shall be proper in such
forum courts, and irrevocably waives and releases any and all defenses based on lack of personal
jurisdiction, improper venue and/or forum non conveniens. Executive and the Company respectively
waive any right each may have to a jury trial in any suit, action or proceeding relating to or
arising out of this Agreement, the breach of this Agreement, or Executive’s rendering of services
to the Company after his execution of this Agreement. This Agreement shall be deemed to have been
made at New York, New York and shall be interpreted, construed, and enforced pursuant to the laws
of the State of New York, without regard to conflicts of law principles.
15. KNOWING AND VOLUNTARILY EXECUTION. EXECUTIVE EXPRESSLY ACKNOWLEDGES, REPRESENTS,
AND WARRANTS THAT HE HAS CAREFULLY READ THIS AGREEMENT AND GENERAL RELEASE; THAT HE FULLY
UNDERSTANDS THE TERMS, CONDITIONS, AND SIGNIFICANCE OF THIS AGREEMENT AND GENERAL RELEASE; THAT HE
HAS HAD AMPLE TIME TO CONSIDER AND NEGOTIATE THIS AGREEMENT AND GENERAL RELEASE; THAT THE COMPANY
HAS ADVISED AND URGED EXECUTIVE TO CONSULT WITH, AND
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EXECUTIVE IN FACT HAS CONSULTED WITH AND RECEIVED ADVICE FROM, AN ATTORNEY CONCERNING THIS
AGREEMENT AND GENERAL RELEASE; THAT EXECUTIVE HAS HAD A FULL OPPORTUNITY TO REVIEW THIS AGREEMENT
AND GENERAL RELEASE WITH AN ATTORNEY; AND THAT EXECUTIVE HAS EXECUTED THIS AGREEMENT AND GENERAL
RELEASE VOLUNTARILY, KNOWINGLY, AND WITH SUCH ADVICE FROM AN ATTORNEY AS EXECUTIVE DEEMED
APPROPRIATE.
16. Miscellaneous Provisions.
(a) Within seven (7) business days after the execution of this Agreement, the Board of
Directors and Executive shall negotiate in good faith to prepare a form of a written joint
announcement to be delivered to all manager-level employees and higher, disclosing the transition
status of Executive pursuant to this Agreement and identifying the Chief Executive Officer of the
Company as the member of executive management to whom questions from employees shall be solely
directed. The failure to agree upon a form of announcement within the prescribed period of time
shall not (i) be a breach of this Agreement, (ii) entitle any Party to terminate this Agreement or
revoke or rescind any provisions hereof, (iii) give rise to any damages, or (iv) entitle any Party
to refuse to perform any of such Party’s obligations hereunder.
(b) Should any provision of this Agreement be declared or determined by a court to be illegal
or invalid, the validity of the remaining provisions shall not be affected thereby and said illegal
or invalid provision shall be deemed not to be a part of this Agreement.
(c) This Agreement sets forth the entire agreement between the Parties hereto, fully
supersedes any and all prior agreements or understandings between the Parties hereto pertaining to
the subject matter hereof. This Agreement may not be changed or modified except by an instrument
in writing, signed by both the Chief Executive Officer of Company and Executive.
(d) This Agreement shall inure to the benefit of Company, its affiliates and subsidiaries and
its and their respective successors and assigns (including, without limitation, the purchaser of
all or substantially all of any such entity’s assets) and shall be binding upon Company and its
successors and assigns. This Agreement also shall inure to the benefit of and be binding upon
Executive and Executive’s heirs, administrators, executors and assigns. Executive may not assign
or delegate Executive’s duties under this Agreement without the prior written consent of Company.
(e) Any notice or other communication required or permitted hereunder shall be in writing and
shall be delivered personally, faxed, e-mailed or sent by nationally recognized overnight courier
service (with next business day delivery requested). Any such notice or communication shall be
deemed given and effective, in the case of personal delivery, upon receipt by the other Party, in
the case of faxed or e-mailed notice, upon transmission of the fax or e-mail (provided evidence of
such transmission is retained), in the case of a courier service, upon the next business day after
dispatch of the notice or communication. Such notices, instruments, or communications shall be
addressed as follows:
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(i) If to the Company:
International Fight League, Inc.
000 Xxxx 00xx Xxxxxx, Xxxxx 000
Xxx Xxxx, Xxx Xxxx 00000
Attn: President, Legal and Business Affairs
Fax: 000.000.0000
000 Xxxx 00xx Xxxxxx, Xxxxx 000
Xxx Xxxx, Xxx Xxxx 00000
Attn: President, Legal and Business Affairs
Fax: 000.000.0000
(ii) If to Executive:
Xxxxxxxxx X. Xxxxx
000 Xxxxxxx Xxxx
Xxxxxxxxx, XX 00000
Fax: 000.000.0000
000 Xxxxxxx Xxxx
Xxxxxxxxx, XX 00000
Fax: 000.000.0000
With a copy to:
XxXxxxxx & English, LLP
CityPlace I, 36th Floor
000 Xxxxxx Xxxxxx
Xxxxxxxx, Xxxxxxxxxxx 00000
Xxxx X. Xxxxxxx, Esq.
Fax: 000.000.0000
CityPlace I, 36th Floor
000 Xxxxxx Xxxxxx
Xxxxxxxx, Xxxxxxxxxxx 00000
Xxxx X. Xxxxxxx, Esq.
Fax: 000.000.0000
Service of process in connection with any suit, action or proceeding may be served on each Party
hereto anywhere in the world by the same methods as are specified for the giving of notices under
this Agreement. Any of the above addresses may be changed, from time to time, by the applicable
addressee giving written notice of such change to each of the other addressees set forth above, and
such change(s) shall not be considered an amendment of this Agreement requiring execution as
provided in Section 14(c).
(f) The waiver by either Party of a breach of any provision of this Agreement shall not
operate or be construed as a continuing waiver or as a consent to or waiver of any subsequent
breach hereof.
(g) The Section headings in this Agreement are for the convenience of reference only and do
not constitute a part of this Agreement and shall not be deemed to limit or affect any provision
hereof.
(h) This Agreement may be executed in one more counterparts, each of which shall be deemed to
be an original but all of which together will constitute one and the same instrument. Facsimile
signatures shall be acceptable as evidence of the original execution by each Party or its duly
authorized representative.
[Signatures on Next Page]
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IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above
written.
| INTERNATIONAL FIGHT LEAGUE, INC. | ||||
By:
|
/s/ Xxxxx Xxxxxx | /s/ Xxxxxxxxx X. Xxxxx | ||
Name:
|
Xxxxx Xxxxxx | XXXXXXXXX X. XXXXX | ||
Title:
|
Chief Executive Officer | |||
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SCHEDULE A
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