CONSULTING AGREEMENT
THIS AGREEMENT (the “Agreement”) is made and entered into this 21st day of May, 2013, by and between Xumanii Inc. a company duly incorporated in Nevada, USA with its address at XX Xxx 000, Xxxxxx Xxxxx, Xxxxx Church Street, Xxxxxx Town, Grand Cayman KY1-1104 Cayman Islands (the “Company” or “Xumanii”) and Xx. Xxxxxxx Xxxxxx (a/k/a “Boo”) residing at 00000 Xxxxxxx Xxx, Xxxx Xx. 000, Xxxxx Xxxxx Xxxxx, XX 00000, c/o Xxxxxx X. Xxxxxxxxxx, Law Offices of Xxxxxx X. Xxxxxxxxxx, 000 X. Xxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000 (“Consultant”) (together the “Parties”).
WHEREAS, the Parties desire to set forth the terms and conditions under which the Consultant shall provide consulting services to negotiate a live broadcast agreement between the Company and Xxxxxx Xxxxxxx Xxxxxx (aka. “Xxx Xxxxx” or “The Artist”) for a Two (2) years exclusive endorsement of the Company in regards to live streaming/live broadcasting by Xxx Xxxxx and the live broadcast of Two (2) Concerts by the Artist on the Company’s platform.
NOW THEREFORE, in consideration of the mutual promises and covenants herein contained, and other good and valuable consideration, receipt of which is hereby acknowledged, the Parties agree as follows:
1.
Term and Venue of Agreement
This agreement shall remain in effect from the date hereof through the expiration of a period of 2 years from May 21, 2013 (“the Term”), and thereafter may be renewed upon the mutual consent of the Parties. This agreement is also valid for the world.
2.
Nature of Services to be rendered
During the Term, the Consultant shall; provide the Company with consulting service(s) on a best efforts basis in connection with negotiating an endorsement deal with Xxx Xxxxx and the live broadcast of Two (2) Concerts by The Artist. It is acknowledged and agreed by the Company that the Consultant carries no professional licenses, and is not rendering legal advice or performing accounting services, nor acting as an investment advisor or broker-dealer within the meaning of applicable state and federal laws.
3.
Disclosure of Information
The Consultant agrees as follows:
The Consultant shall NOT disclose to any third party any material non-public information of data received from the Company without the consent and approval of the Company other than: (i) to its agents or representatives that have a need to know in connection with the services hereunder; (ii) as may be required by applicable law; and (iii) such information that becomes publicly known through no action of the Consultant.
4.
Compensation
The following compensation is to be effective if and only if the Consulting services lead to a signed Definitive agreement between the Company and Xxxxxx Xxxxxxx Xxxxxx (aka. “Xxx Xxxxx”) whereas Xxx Xxxxx will commit to fully endorse the Company on an exclusive basis in regards to live streaming/live broadcasting and as the “Greatest” live streaming/live broadcasting platform as well as permits Xumanii to broadcast “live” on the Company’s website Two (2) Concerts of The Artist.
The Consultant shall receive a sum of Two Hundred and Fifty Thousand US dollars (US$ 250,000.00) The cash will be issued in the following manner: US$ 50,000 upon signature of the Definitive Agreement between the Company and Xxx Xxxxx and US$ 50,000 on each subsequent 6 month period after the date that the Definitive Agreement between the Company is signed by “Xxx Xxxxx” until all US$ 250,000 have been paid.
The Consultant shall also receive Five Million (5,000,000) shares of the Company’s common stock (Symbol: XUII). The shares will be issued in the following manner: 2,500,000 shares upon signature of the Definitive Agreement between the Company and Xxx Xxxxx and 625,000 shares on each subsequent 6 month period until all 5,000,000 shares have been issued.
5.
Representations and Warranties of the Consultant.
In order to induce the Company to enter into said Agreement, the Consultant hereby makes the following unconditional representation and warranties:
In connection with its execution of and performance under this Agreement, the Consultant has not taken and will not take any action that will cause it to be required to make any filings with or to register in any capacity with the Securities and Exchange (the “SEC”), the Financial Industry Regulatory Authority. (“FINRA”) formerly known as the National Association of Securities Dealers, Inc. (the “NASD”), the securities commissioner or department of state, or any other regulatory or governmental body or agency.
The Consultant is not subject to any sanction or restriction imposed by the SEC, FINRA, any state securities commission or department, or any other regulatory or government body or agency that would prohibit, limit or curtail the Consultant execution of said Agreement or the performances of its obligation hereunder.
The Consultant is NOT permitted to provide any consulting services or take a part time or full time position to any corporation or entity in a business competing directly or indirectly with the Company.
6.
Non-Circumvention, Non-Disclosure and Confidentiality
This Agreement is a perpetuating guarantee for three (3) years from the date of execution and is to be applied to any and all transactions present and future, of the introducing party, including subsequent follow-up, repeat, extended, renegotiated, and new transactions regardless of the success of the project.
Because of this Agreement, the Parties involved in this transaction may learn from one another, or from principals, the names and telephone numbers of investors, borrowers, lenders, agents, brokers, banks, lending corporations, individuals and/or trusts, or buyers and sellers hereinafter called contacts. The Parties with this acknowledge, accept and agree that the identities of the contacts will be recognized by the other Party as exclusive and valuable contacts of the introducing Party and will remain so for a period of Three (3) years.
The Parties agree to keep confidential the names of any contacts introduced or revealed to the other party, and that their firm, company, associates, corporations, joint ventures, partnerships, divisions, subsidiaries, employees, agents, heirs, assigns, designees, or consultants will not contact, deal with, negotiate or participate in any transactions with any of the contacts without first entering a written agreement with the Party who provided such contact unless that Party gives prior written permission. Such confidentiality will include any names, addresses, telephone, telex, facsimile numbers, and/or other pertinent information disclosed or revealed to either Party.
The Parties agree not to disclose, reveal or make use of any information during discussion or observation regarding methods, concepts, ideas, product/services, or proposed new products or services, nor to do business with any of the revealed contacts without the written consent of the introducing party or parties.
The Parties agree that due to the many variables surrounding each Business Financial Transaction that will occur because of this agreement, the commission to be paid and/or the fee structure between the Parties can vary. A separate fee/commission agreement will outline compensation for each
Business/Financial Transaction. The fee or commission agreement must be drafted and acknowledged by signature before all Business/Financial Transactions.
In case of circumvention, the Parties agree and guarantee that they will pay a legal monetary penalty that is equal to the commission or fee the circumvented Party should have realized in such transactions, by the person(s) engaged on the circumvention for each occurrence. If either party commences legal proceedings to interpret or enforce the terms of this Agreement, the prevailing Party will be entitled to recover court costs and reasonable attorney fees.
Upon execution of this Agreement by signature below, the Parties agree that any individual, firm company, associates, corporations, joint ventures, partnerships, divisions, subsidiaries, employees, agents, heirs, assigns, designees or consultants of which the signee is an agent, officer, heir, successor, assign or designee is bound by the terms of this Agreement.
7.
Duties of the Company
The Company shall supply the Consultant, on a regular and timely basis, with all approved data and information regarding its management, its products, and its operation. Company shall be responsible for advising the Consultant of any facts which would affect the accuracy of any prior data and information previously supplied to the Consultant so that the Consultant may take corrective action.
8.
Representations and Warranties of the Company
In order to induce THE CONSULTANT to enter into this Agreement, the Company hereby makes the following unconditional representations and warranties:
The Consultant is not subject to any restriction imposed by the SEC or by operation of the 1933 Act, the Exchange Act of 1934, as amended (the “1934 Act”) or any of the rules and regulations promulgated under the 1933 Act or the 1934 Act which prohibit its execution of this Agreement or the performance of its obligations to the Consultant set forth herein. The Company has not been sanctioned by the SEC, FINRA, or any state securities commissioner or department in connections with issuance of its securities.
All payments are required to be made on time and in accordance with the payment terms and conditions set forth herein.
Each party (an “indemnifying party”) hereby agrees, to the full extent permitted by applicable law, to indemnify and hold harmless the other party (the “indemnified party”) for any damages caused to the indemnified party by the indemnifying party’s breach or violation of a Securities Law which is caused by the indemnified party’s breach or violation or the Agreement, or any State Law.
9.
Indemnification of the Consultant by the Company
The Company shall indemnify and hold harmless The Consultant and its principals from and against any and all liabilities and damages in connection with the Company’s ownership and operation.
10.
Indemnification of the Company by the Consultant
The Consultant shall indemnify and hold harmless the Company and its principals from and against any and all liabilities and damages arising out of any intentional breach of its representations and warranties or agreements made hereunder or from any breach of contract with the Company’s Clients brought in by the Consultant.
11.
Mediation
Any controversy, dispute or claim arising out of or relating to this Agreement or the breach thereof shall be settled by mediation. Mediation proceedings shall be conducted in accordance with the rules then prevailing of the American Mediation Association or any successor. Venue for mediation proceedings shall be within the state of Illinois. The costs of mediation, reasonable attorney’s fees of the Parties, together with all other expenses, shall be paid as provided in the rules.
12.
Attorney Fees
In the event a legal action is commenced by a Party to the Agreement alleging a default of the terms or conditions of the Agreement, and judgment is held in favor of the non-moving party (respondent/defendant), the non-moving party shall be entitled to recover all costs incurred as a result of defending such action including reasonable attorney fees, expenses and court costs through trial, appeal and to final disposition.
13.
Entire Understanding/Incorporation of other Documents
This Agreement requires the entire understanding of the parties with regard to the subject matter hereof; superseding any and all prior agreements or understandings, whether oral or written, and no further or additional agreements, promises, representations or covenants may be inferred or constructed to exist between Parties.
14.
No Amendment Except in Writing
Neither the Agreement nor any of its provisions may be altered or amended except in a dated writing signed by both parties.
15.
Waiver of Breach
No waiver of any breach of any provision hereof shall be deemed to constitute a continuing waiver or a waiver of any other portion of the Agreement.
16.
Independent Contractor
The Consultant agrees to perform its consulting duties hereto as an independent contractor. Nothing contained herein shall be considered as creating an employer-employee relationship between the parties to this Agreement and accordingly Consultant will receive his compensation as a 1099 Independent Contractor with no taxes or Social Security withheld.
17.
Governing Law
The Agreement and its provisions shall be constructed in accordance with, pursuant to and governed by the State of Illinois.
18.
Miscellaneous
A.
Notices
Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be deemed to have been duly given when delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid to the parties hereto at their addresses first above written, with a copy to Law Offices of Xxxxxx X. Xxxxxxxxxx, Attn: Xxxxxx X. Xxxxxxxxxx, 000 X. Xxxxx Xxxxxx Xxxxxxx, Xxxxxxxx 00000, email xxxxxxxxxxx@xxx-xxxxxxxxxx.xxx. Either party may change his or its address for the purpose of this paragraph by written notice similarly given.
B.
Entire Agreement
This Agreement represents the entire agreement between the Parties in relation to its subject matter; it supersedes and voids all prior agreements between such Parties relating to such subject matter.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and all of such counterparts shall constitute one (1) instrument.
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.
SIGNED, SEALED AND DELIVERED
By,
/s/ Xxxxxxxxx Xxxxxx
__________________________________
Xxxxxxxxx Xxxxxx, President & CEO,
Authorized Signatory for Xumanii Inc.
/s/ Xxxxxxx Xxxxxx
__________________________________
Xxxxxxx Xxxxxx, The Consultant
