Agreement made this day 5/26/2000 by and between TheStockAdvisor Inc., 0000 Xxxx
Xxxxx Xxxx. Xxxxx X, Xx. Xxxxxxxx, XX ("CONTRACTOR") and Affordable
Telecommunications Technology Group Corp., 0000 Xxxxx Xxxx Xxxxxxx, Xxxxxxx, XX
00000. ("CLIENT").
In consideration of the mutual terms, conditions and covenants hereinafter set
forth, CLIENT and CONTRACTOR agree as follows:
1. The CLIENT hereby engages the
CONTRACTOR as an independent contractor, and the CONTRACTOR hereby accepts such
engagement.
2. CONTRACTOR is an independent contractor willing to provide certain skills and
abilities to the CLIENT that the CLIENT has the need for, namely creating and
delivering an online promotional campaign to CONTRACTOR's readers, including:
A. Minimum of 4 insertions in TheStockAdvisor Newsletter delivered via
email to subscribers. Feature articles will be composed by CONTRACTOR and
approved by CLIENT based on information provided by CLIENT.
B. Listing in Featured Companies page. Listing will include links to news,
quotes, messages boards as applicable.
C. 3 quarterly review reports in TheStockAdvisor. CONTRACTOR will compose
using information provided by CLIENT
D. News Releases - Relevant news will be composed for financial disclosure
circuit and will be composed by CONTRACTOR and approved by CLIENT based on
information provided by CLIENT. CLIENT will be invoiced additionally for
new releases based upon circuits utilized.
E. Special Reports will be composed by CONTRACTOR and delivered to
interested investors as requested by investors.
F. Minimum of 4 insertions in 21st Century Markets Newsletter delivered via
email to subscribers. Feature articles will be composed by CONTRACTOR and
approved by CLIENT based on information provided by CLIENT.
G. Listing in 21st Century Markets Featured Companies page. Listing will
include links to news, quotes, messages boards as applicable.
H. 3 quarterly review reports in 21st Century Markets Newsletter.
CONTRACTOR will compose using information provided by CLIENT.
I. CONTRACTOR will make available six 30-second television advertising
spots broadcast during the Bloomberg Report on the American Independent
Television Network. CLIENT will provide acceptable 30-second advertisement
to be broadcast..
3. CLIENT shall pay to CONTRACTOR and CONTRACTOR shall accept from the CLIENT as
compensation for all services to be provided pursuant to this Agreement, the
following payments according to the following schedule:
A. 100,000 shares of restricted company stock to be registered in earliest
SB-2 registration.
B. If ATTP stock price is less than $1.00 per share upon submission of SB-2
registration of Section 3.A, CLIENT will compensate CONTRACTOR with
sufficient shares of company stock to ensure that CONTRACTOR has received
ATTP shares valued a minimum of $100,000. (One Hundred Thousand Dollars.)
4. A party may not assign this agreement without the express written consent of
the other party.
5. CONTRACTOR agrees that they will not infringe on any third party's
intellectual property rights in creating the works subject to this agreement.
CLIENT agrees that they will not induce, ask, or require CONTRACTOR to create
Works under this agreement that infringe on any third party's intellectual
property rights.
6. CONTRACTOR hereby irrevocably assigns to CLIENT, and its successors,
licensees, and assigns, all right, title and interest worldwide in and to all
the Works created under this agreement, including, but not limited to, all
copyrights, design patents, trade secret rights, moral rights, and all contract
and licensing rights, and all claims and causes of action, whether now known or
hereafter to become known. In the event, CONTRACTOR has any right in the Works
which cannot be assigned, CONTRACTOR agrees to waive enforcement worldwide of
such rights against CLIENT, or, if necessary, exclusively license such right
worldwide to CLIENT, with the right to sublicense. CONTRACTOR agrees that he or
she will take all actions and execute any and all documents as may be requested
by CLIENT, at CLIENT's expense, from time to time, to fully vest in CLIENT all
right, title and interest worldwide in and to the Works.
7. CONTRACTOR is an independent contractor and may engage in other business
activities. Since CONTRACTOR is an independent contractor nothing contained in
this Agreement shall be interpreted to constitute the CONTRACTOR as a partner,
agent or employee of the CLIENT, nor shall either party have any authority to
bind the other. In its capacity as an independent contractor, CONTRACTOR agrees,
and CLIENT agrees, that CONTRACTOR has the sole right to control and direct the
means, manner and method by which the services required by this agreement will
be performed and CLIENT shall not withhold from CONTRACTOR's compensation any
amount that would normally be withheld from an employee's pay.
8. It is agreed between the parties that there are no other agreements or
understandings between them relating to the subject matter of this agreement.
This agreement supersedes all prior agreements, oral or written, between the
parties and is intended as a complete and exclusive statement of the agreement
between the parties. No changes or modifications of this Agreement shall be
valid unless the same be in writing and signed by the parties. If any provision
in this Agreement is held by a court of competent jurisdiction to be invalid,
void or unenforceable, the remaining provisions will continue in full force
without being impaired or invalidated in any way.
9. This Agreement shall be construed in accordance with and governed by the laws
of the State of South Carolina .
INTENDING TO BE LEGALLY BOUND, the parties hereto have caused this Agreement to
be executed as of the date first above written.
CLIENT
BY Date
------------------------------------------- --------------------
CONTRACTOR
BY Date
------------------------------------------- --------------------
