CONSULTING AGREEMENT
This Consulting Agreement (the "Agreement") is entered into this 25th day of
August 2003 by and between Ohana Enterprises, Inc. (the "Company"), a Delaware
Corporation, and Comet Management Consultants (the "Consultant"), a sole
proprietorship with its principal place of business located at 0000 Xxxx Xxxxx
Xxxx Xxxxxx, Xxxx X, Xxxxxxxxx, XX 00000.
WHEREAS, the Consultant is skilled in providing business consulting services
including public relations, management consulting, strategic planning and
business development, and had provided such services to the Company in the past
and will continue to provide such services in the future;
WHEREAS, the Consultant has provided services during the period of October 2002
through March 31, 2003, and, furthermore, has continued to provide such services
to date;
WHEREAS, the Board of Directors has agreed to pay the Consultant a total of
495,000 shares of Common Stock valued at $55,000;
WHEREAS, the Board of Directors agrees to pay the Consultant 250,000 shares
subject to immediate registration under S-8; the remaining 245,000 of which
shall be issued and registered upon resolution of the litigation with Xxxxxx
Consulting Group.
NOW THEREFORE, in consideration of the mutual covenants contained herein and
other good and valuable consideration receipt whereof is hereby acknowledged it
is agreed:
1. The Company hereby has engaged the Consultant for business Consulting
Services and wishes to pay Consultant and has agreed to payment of
fees due for services already rendered through issuance of stock.
2. In consideration of services already provided through March 31, 2003,
the Company agrees to pay a total of $ 55,000 for the services of the
Consultant. The Consultant agrees to accept in full payment, 495,000
shares of the Company's Common Stock, par value $.001, in lieu of cash
payment.
3. Except as otherwise provided herein, any notice or other communication
to any party pursuant to or in relation to this Agreement and the
transactions provided for herein shall be deemed to have been given or
delivered when deposited in the United States Mail, registered or
certified, and with proper postage and registration or certification
fees prepaid, addressed at their principle place of business or to
such address as may be designated by either party in writing.
4. This Agreement shall be governed by and interpreted pursuant to the
laws of the State of California. By entering into this Agreement, the
parties agree to the jurisdiction of the California courts with venue
in Ventura County, California. In the event of any breach of this
Agreement, the prevailing party shall be entitled to recover all costs
including reasonable attorney's fees.
5. This Agreement may be executed in any number of counterparts, each of
which when so executed and delivered shall be deemed an original, and
it shall not be necessary in making proof of this Agreement to produce
or account for more than one counterpart.
IN WITNESS WHEREOF, this Agreement has been executed by the Parties as of the
date first above written.
COMPANY CONSULTANT
OHANA ENTERPRISES, INC. COMET MANAGEMENT CONSULTANTS
By: /s/ Xxxxxxxxx Xxxxxxxx By: /s/ Xxxxxxxxxxx Xxxxxxx Xxxxx
------------------------- ---------------------------------
Xxxxxxxxx Xxxxxxxx Xxxxxxxxxxx Xxxxxxx Xxxxx
