CONSULTING AGREEMENT
THIS AGREEMENT (the “Agreement”) is made and entered into this 13th 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. Xxxx X. Xxxxxxx XX residing at 0000 Xxxxxxx #0000 xxxxx Xxxxxxxxx XX 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 live broadcast agreements with Artists, Management, Record Labels,
Festivals and other entities within the Entertainment Industry, on behalf of the Company, to the best and
reasonable efforts of consultant.
NOW THEREFORE, in consideration of the mutual promises and covenants herein contained, and other valid
consideration, receipt of which is hereby acknowledged, the Parties agree as follows:
1. Term and Venue of Agreement
The agreement shall remain in effect from May 1st, 2013 through the expiration of a period of 2 years
from the date hereof (“the Term”), and thereafter may be renewed upon the mutual consent of the
Parties. This agreement is also valid for the world.
2. Termination of Agreement
The Company may not terminate this agreement unless; the Consultant is not performing his duties as
described in this agreement or; the Consultant is causing harm or damage to the Xumanii brand. In the
event the company alleges that the Consultant is not performing his duties, the Company must notify the
Consultant in writing pursuant to the notice requirements identified in paragraph 19A below. Further,
the Consultant shall be allowed 10 calendar days to “cure” said alleged default. In the event of
termination of said Agreement, the Consultant shall still be paid his cash and stock for the remainder of
this Agreement according to the Compensation schedule below on an accelerated basis; payable at
termination.
3. Nature of Services to be rendered
During the Term and any renewal thereof, the Consultant shall; provide the Company with consulting
service(s) on a best efforts basis in connection with negotiating live broadcast agreements or other
endorsements within the Entertainment industry and use its best efforts to introduce the Company to
various Artists, Managers, Companies and Event producers to secure live broadcast agreements with
them. 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.
4. 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.
5. Compensation
The following represents the compensation to be paid to the Consultant in connection with rendering the
Services hereunder during the term of this Agreement, or at termination as described above.
The Consultant shall receive a sum of Five Thousands US dollars per month (US$ 5,000.00) for the
duration of this agreement, beginning May 1, 2013.
The Consultant shall also receive One Million Five Hundred Thousand (1,500,000) Class B Preferred
Stock. The shares will be issued in the following manner: 500,000 shares upon the execution of this
agreement and 250,000 Class B Preferred Stock on each subsequent 6 month period until all 1,500,000
shares have been issued.
The Consultant shall also be reimbursed actual reasonable travel and other out of pocket expenses which
will be billed in arrears and are due payable within (15) days of the Company’s receipt of the subject
invoices and detailed expense report. All such expenses must be pre-approved by the Company. (Said
approval “request form” attached as exhibit “A” hereto).
6. Reporting to the Board of Directors
The Consultant agrees as follows:
The Consultant shall report to the board of directors on a bi weekly basis and provide to the board of
directors a written progress report as to meetings, signings or endorsements with prospective live broad
cast events, performance artists, management companies, marketing companies, within the
Entertainment industry. (Said progress report standards are attached hereto as exhibit “B”).
7. 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 become 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.
8. 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, from the others.
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.
9. 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.
10. 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.
11. 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.
12. 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.
13. 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.
14. 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.
15. 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.
16. 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.
17. 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.
18. Governing Law
The Agreement and its provisions shall be constructed in accordance with, pursuant to and governed by
the State of Illinois.
19. 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.