CONSULTING AGREEMENT
This Consulting Agreement for the exchange of consulting services for fees is by and between Twin Faces East Entertainment Corporation (TFAC), a Nevada Corporation located at 00 Xxxxxx Xxxxx Xxxxx, Xxxxxxxxx, XX. 00000, and Xxxxx XxXxxxxx (Xxxxx), an individual, located at 00000 Xxxxxx Xxxx. Xxxxx X-000, Xxxxxxx Xxxxxxxxx, XX 00000, collectively referred to as "The Parties".
WHEREAS, TFAC is a developer of intellectual and entertainment properties, and
WHEREAS, Xxxxx has various connections and networking contacts in the corporate finance business and has been asked to go outside his usual duties associated with TFAC's business, and thereby is entitled to additional consideration,
NOW, THEREFORE, in consideration of the mutual covenants provided herein, The Parties agree as follows:
Xxxxx shall provide services to TFAC on an as requested basis and in any capacity as requested by TFAC for securing financing for the maintenance of the business,
TFAC shall compensate Xxxxx for these services as follows:
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Reimbursement for office space required to operate 3 months at one thousand dollars ($1,000) per month for a total of $3,000, and
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Twenty Two Thousand Dollars ($22,000) in fees payable the earlier of August 1, 2003 or the Company's receipt of funding in the amount of $1 million or greater, and
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Forty thousand shares of restricted (rule 144) company stock to be issued in the name of Xxxxx XxXxxxxx.
The term of this Agreement is for the year 2003 at which time all obligations under this agreement shall cease.
IN WITNESS THEREOF, the Parties have executed this Agreement effective as of the date signed below.
/S/Xxxxxxx Xxxxxxxxx June 30, 2003
Xxxxxxx Xxxxxxxxx, President Date
Twin Faces East Entertainment Corporation
/S/Xxxxx XxXxxxxx June 30, 2003
Xxxxx XxXxxxxx, an individual Date
