Exhibit 10.5
Agreement with Xxxx Xxxxx
Effective as of March 1, 2002, the Company agreed to furnish Xxxx Xxxxx with
office space and telephone service, in addition to use of its administrative
facilities at actual cost, in exchange for which Xx. Xxxxx agreed that for any
animated project production agreement secured by Xx. Xxxxx during the term of
the agreement, Film Roman, if permitted under the terms of such agreement, will
be engaged to do all animation work on the project on a "work for hire" basis at
rates that will be competitive with those charged by other such suppliers in the
Los Angeles area. The term of the agreement will continue until voluntary
termination by either party. Xx. Xxxxx is also an at-will employee of the
Company rendering consulting services to Film Roman at a compensation rate of
$18,000 per year.
