April 7, 2000
Astronaut Xxxx Xxxxx
00000 Xxxxxx Xx., Xxx 000
Xxxxxxx, Xxxxxxx 00000
Dear Xxxx:
As we discussed, the following sets forth the basic terms of
the agreement between Astronaut Xxxx Xxxxxxxx and
Xxxxxxxx.xxx concerning consulting services to be provided by
you. If this proposal is acceptable to you, please sign and
return it to Xxxxx xx Xxxxxxxx at your earliest convenience.
Regular Consulting Work:
Initially Astronaut Xxxxxxxx, will perform the following work
for Xxxxxxxx.xxx:
- Act as a spokesman for Xxxxxxxx.xxx,
- Perform content consulting for the Mission2 Read and Team
Building projects,
- Act as web host for the Mission2 Read and Team Building
projects,
- Coordinate potential projects with NASA or other
astronauts,
- Supervise responses to email sent to xxxxxxxxx@xxxxxxxx.xxx
- Serve on the Xxxxxxxx.xxx Advisory Board.
Special Projects:
In addition to the regular consulting work, Astronaut Xxxxxxxx
may be called upon to participate in special projects for LifeLong
such appearances on talk shows or special presentations subject to
his availability. Remuneration for special projects will be
negotiated on a project by project basis.
Remuneration:
Astronaut Xxxxxxxx will receive a monthly retainer of $2500.USD
payable on the fifteenth of each month beginning in April 2000 for
the regular consulting work described in the above paragraph. In
addition, approved travel and other out of pocket expenses incurred
by Astronaut Xxxxxxxx on behalf of LifeLong will be reimbursed
promptly upon submission of an expense report.
In addition to the monthly retainer, Astronaut Xxxxxxxx will
be issued 20,000 shares. of common stock of Xxxxxxxx.xxx at a
nominal price within 45 days of the signing of this agreement.
Furthermore, he will participate in the stock option plan to be
introduced in June or July 2000 and will be eligible for a minimum
of another 30,000 shares within the next fiscal year.
Intellectual Property:
Astronaut Searrfoss recognizes that any intellectual property
created as a result of the work done under this or subsequent
contracts shall be and remain the sole property of
Xxxxxxxx.xxx and waives any ownership interest in the
copyrights, trademark or patents therein. Lifelong wishes to
encourage Astronaut Xxxxxxxx to incorporate this material in
speaking engagements and agrees to coordinate such activities
according to a mutually agreeable remuneration model.
Exhibit 1.4 - Pg. 1
Availability:
Xxxxxxxx.xxx is aware of Astronaut Xxxxxxxx' prior
commitments to NASA that require another 120 days of work in
the current calendar year. It is understood that he will
devote most of his remaining time to LifeLong.
In the event that both parties are satisfied with the
relationship, XxxxXxxx.xxx will probably request more of
Astronaut Xxxxxxxx' time and involve him more in its affairs
with a commensurate increase and full participation in the
stock option plan.
Terms:
The term of this agreement shall be from April 1,2000 to
March 31, 2001 and is renewable for an additional two years
at the option of both parties. There is no tacit renewal of
this agreement.
Confidentiality,
All materials provided by XxxxXxxx.xxx to Astronaut Xxxxxxxx
will be held in the strictest confidence.
Yours truly,
XxxxXxxx.xxx, Inc.
/s/Xxxxxxx Xxxxxxx
Xxxxxxx Xxxxxxx, Chief Financial Officer
Accepted by:
Xxxx Xxxxxxxx Date:
/s/Xxxx Xxxxxxxx April 14, 2000
Exhibit 1.4 - Pg. 2
