SAMMY’S TICKETS, INC. 22273 Del Valle Street Woodland Hills, CA 91364 Attn: Samuel R. Watson
April
24,
2007
SAMMY’S
TICKETS, INC.
00000
Xxx
Xxxxx Xxxxxx
Xxxxxxxx
Xxxxx, XX 00000
Attn: Xxxxxx
X.
Xxxxxx
This
letter shall serve as an Agreement between TIX Corporation (“TIX”) and Sammy’s
Tickets, Inc. (“ST”); and the term of this Agreement shall be for a period of
one (1) year, commencing April 1, 2007, and ending March 31, 2008 (the
“Term”).
At
any
time, and from time to time, during the Term as TIX may reasonably request,
ST
will provide TIX with consulting services regarding TIX’s ticket business (the
“Services”). ST’s Services shall be provided to TIX on a non-exclusive basis
and, at ST’s sole and absolute discretion, at such times, and upon such terms
and conditions, as are convenient to ST, and do not interfere with ST’s other
obligations and business relationships. ST’S exercise of its discretion in the
delivery of its Services hereunder shall not constitute a breach of this
Agreement. As compensation for ST’s Services hereunder -- some of which the
parties acknowledge were delivered prior to the execution of this Agreement
--
TIX shall immediately pay ST a fee of $1,000,000.00 (the “Fee”).
TIX
and
ST hereby acknowledge that ST has delivered tickets at face value for certain
events, all as more fully evidenced by the receipt provided by TIX to ST
therefor. Further, the parties acknowledge the intent, but not the obligation,
to engage in future ticket transactions between them.
TIX
shall
pay ST immediately by wire transfer or certified check: (a) The face value
of
the tickets to certain events ST has already provided TIX, and (b) The Fee,
which Fee shall, as a result of the prior Services already rendered by ST to
TIX, be deemed to be fully-earned, non-refundable, and
non-recoupable.
This
Agreement supersedes and terminates all prior discussions and agreements with
respect to the subject matter contained herein; and this Agreement embodies
the
entire understanding between the parties, any and all prior correspondence,
conversations, or memoranda being merged herein and replaced, and being without
effect hereon. This Agreement or any part hereof, including the provisions
against oral modifications, may not be modified, waived, or discharged except
in
a writing duly signed by each of the parties.
Both
parties shall treat this Agreement and the terms and conditions hereof as
confidential information; and TIX shall indemnify and hold harmless ST and
ST’s
principals, directors, officers, shareholders, owners, managers, and affiliated
parties of whatever type and wherever situated (all of which being hereinafter
collectively referred to as “Indemnified Parties”), from and against, and agree
promptly to defend from and reimburse Indemnified Parties for, any and all
losses, damages, costs, expenses, liabilities, obligations, and claims of any
kind, including without limitation, reasonable attorney fees and other legal
costs and expenses (“Claims”), incurred by any Indemnified Party that arise
from, whether directly or indirectly, the negotiation, execution, and
performance of this Agreement, and for any of TIX’s business activities for
which ST is not engaged. TIX hereby agrees to waive any and all Claims that
it
may have against any Indemnified Party; and hereby agrees that the submission
of
a copy this Agreement to any court or arbitration proceeding arising from this
Agreement shall be full, conclusive, and irrevocable evidence for immediate
dismissal.
_____________________________
|
_____________________________
|
[NAME]
|
Xxxxxx
X. Xxxxxx
|
TIX
Corporation
|
Sammy’s
Tickets,
Inc.
|