EXHIBIT 10.5 To: Herky Williams and Jerry Crutchfield Re: Contract - Acquisition of 51% of Wilfield Entertainment ACQUISITION OF 51% OF WILFIELD ENTERTAINMENT: --------------------------------------------- o Wilfield Entertainment agrees to produce 13...Acquisition Agreement • August 9th, 2000 • Stereo Vision Entertainment Inc • Retail-radio, tv & consumer electronics stores
ACQUISITION OF 51% OF WILFIELD ENTERTAINMENT: --------------------------------------------- o Wilfield Entertainment agrees to produce 13 albums within the next year, where by Stereo Vision Entertainment, Inc. will own 51% (fifty-one percent) of said albums. o Stereo Vision Entertainment, Inc. will supply necessary funding for Wilfield Entertainment projects. o Wilfield Entertainment will repay to Stereo Vision Entertainment, Inc. the project funding capital. After initial capital repayment has occurred, Stereo Vision Entertainment, Inc. and Wilfield Entertainment shall disburse the profits with 51%(fifty-one percent) being paid to Stereo Vision Entertainment, Inc. and 49%(forty-nine percent) being paid to Wilfield Entertainment. o Wilfield Entertainment will at all times make available its financial and accounting information to authorized Stereo Vision Entertainment, Inc. auditors.
EXHIBIT 10.2 MEMORANDUM OF UNDERSTANDING --------------------------- To: Daniel Symmes From: Stereo Vision Entertainment, Inc. (SVEI) Re: Symmes Consulting Contract This "Memorandum Of Understanding" will set forth terms and conditions relative to...Memorandum of Understanding • August 9th, 2000 • Stereo Vision Entertainment Inc • Retail-radio, tv & consumer electronics stores
This "Memorandum Of Understanding" will set forth terms and conditions relative to services previously rendered by Daniel Symmes (Symmes) and a Consulting Contract between Natural Vision Corporation (NVC) and SVEI for Symmes' services to SVEI.
