CLIENT INITIALS
/s/ GK
PRIVATE &
CONFIDENTIAL
AMENDED AND RESTATED ENGAGEMENT
AGREEMENT FOR MANAGEMENT AND BUSINESS DEVELOPMENT
CONSULTING
This letter of
Agreement will confirm our understanding of the terms and
conditions under which AJENE WATSON (“AWATSON”) is
engaged (the “Engagement”) by eDOORWAYS Corporation
and/or any affiliate thereof (collectively, the
“Company” or “CLIENT”) as its consultant in
connection with the development and implementation of an
Entertainment Division of the eDOORWAYS Corporation.
This is an
Amended and Restated Agreement that supercedes and takes precedence
over the previous agreement between the two parties entitled
“Engagement Agreement for Management and Business Development
Consulting” executed by the parties on March 10
th , 2008. This Agreement is deemed to be effective
as of that date, and contains several changes implemented to
simplify and eliminate several compensation issues in the March
10 th Agreement.
RECITALS
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Company desires
that AWATSON, as a consultant, assist in the overall business
development, implementation, and launch of the eDOORWAYS brand and
company,and,
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Company desires
that AWATSON, as a consultant, assume primary responsibility for
the extension and implementation of the eDOORWAYS brand into the
entertainment vertical market, and,
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The parties
desire to memorialize in writing the terms of their Engagement with
regard to AWATSON's consultancy compensation therefore.
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AGREEMENT
NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which hereby are
acknowledged, the Company and AWATSON hereby agree as
follows:
AWATSON's
overall objective is to the best extent of its abilities
investigate, develop and incorporate an Entertainment Business as a
division of eDOORWAYS and render all other assistance that the
Company may require from time to time as it pertains to the overall
business development and launch of eDOORWAYS brand and company. In
this respect, AWATSON will provide consulting to the Company mat
may include any or all of the following:
AMENDED AND RESTATED ENGAGEMENT
AGREEMENT FOR MANAGEMENT &
DEVELOPMENT CONSULTING By AJENE
WATSON-6//30/08
CLIENT INITIALS
/s/ GK
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Assuming the
lead role in the creation of all marketing, advertising and other
strategic elements required in implementing the brand in the music
and film markets;
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Assist in the
development, implementation, and launch of the eDOORWAYS brand as
required by Company;
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From time to
time provide assistance of Client as the company launches and
builds the eDOORWAYS brand and company.
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Identification
and screening of prospective strategic partners, acquisitions of
existing entertainment related companies and eDOORWAYS investment
into R&D/developmental stage companies;
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Assistance in
negotiating and timely closing Financing Transactions and
renegotiating existing relationships; and,
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Coordinating
the professional services of third party consultants, vendors and
development companies.
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The Company
will be responsible for fully supporting AWATSON in all actions and
activities pre-approved by the Company that AWATSON may take on
behalf of the Company in direct correlation with AWATSON's
responsibilities as stipulated herein. The Company shall be
responsible for the delivery and development of content for any
marketing material and other documents for the express purpose of
developing the Entertainment Division and launch of eDOORWAYS and
all such material shall be made available to AWATSON when
reasonably requested.
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Method of
Performing Services
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AWATSON will
determine the method, details, and means of performing the
above-described services. AWATSON may perform the Services under
this Agreement at any suitable time and location of AWATSON's
choice, however AWATSON shall make itself and key management
available to the Company the equivalent of two and one half
(2 1/2) modified business days per week.
AWATSON as a
consultant is and shall remain an independent contractor. AWATSON
and any agents or employees of AWATSON shall not act as an officer
or employee of Company. Company assumes no liability for AWATSON's
actions in performance, or responsibility for taxes, funds,
payments or other commitments, implied or expressed, by or for
AWATSON.
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Use of
Employees or Subcontractors
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Upon Company's
prior written approval if any additional cost to Company will be
incurred, AWATSON may use any employees or subcontractors as
AWATSON deems necessary to perform the services required of AWATSON
by this Engagement. Company acknowledges and agrees that AWATSON
may realize a commission on the use of such employees and
subcontractors for the performance of additional services as
described in Section 11, and such commission shall be an included
cost in any proposal submitted to Company by AWATSON.
Notwithstanding the foregoing, any proposal prepared by AWATSON,
which includes consulting fees to be charged by AWATSON to Company,
shall be clearly identified and quoted as such.
AMENDED AND RESTATED ENGAGEMENT
AGREEMENT FOR MANAGEMENT &
DEVELOPMENT CONSULTING By AJENE
WATSON-6//30/08
CLIENT INITIALS
/s/ GK
AWATSON
represents and warrants that AWATSON has the qualifications and
skills necessary to perform the services under this Engagement in a
competent and professional manner, and is able to fulfill the
requirements of this Engagement. AWATSON shall comply with all
applicable federal, state and local laws in the performance of its
obligations hereunder, and all materials used by AWATSON in
fulfilling its obligations under this Engagement shall not infringe
upon any third party copyright, patent, trade secret or other
proprietary right. AWATSON acknowledges and agrees that failure to
perform all the services required under this Engagement constitutes
a material breach of the Engagement.
During the
Engagement, AWATSON shall have the right to initiate, continue and
conduct contacts, negotiations or other discussions on behalf of
the Company and to serve as the Company's non-exclusive consultant
and business director, operating on a best efforts basis with
respect to the development and launch of both the Entertainment
Division and eDOORWAYS brand. The Company agrees that AWATSON shall
be kept fully informed with respect to all brand and business
development, business negotiations and other developments regarding
the overall launch of eDOORWAYS.
AWATSON
considers its methods, sources, associates and other professional
service providers a valuable asset. These assets have been
developed at considerable cost and time, effort and resources, and
as such are fundamental to AWATSON's livelihood and future.
Accordingly, the Company agrees not to make direct or indirect
contact with any of AWATSON's sources or utilize and/or adopt
AWATSON's business strategies and/or methods except through AWATSON
or with written consent from AWATSON. The Company further agrees
not to disclose AWATSON's sources or methods to any third
party.
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No
Obligation to Accept Financing
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Company shall
not be obligated to accept or implement any business development
strategy that may be presented to it by AWATSON, and AWATSON shall
have limited authority to make representations on behalf of Company
with the Company's prior and expressed consent. However, while
AWATSON may not under any circumstance bind Company in any manner
whatsoever, he may in principle enter into contractual obligations
specific to the development of the Entertainment Division and may
in principle negotiation various opportunities as it pertains to
the overall development of the eDOORWAYS' business and brand. If
Company does elect, adopt, and employ any strategy, business plan,
acquisition, merger, partnership or development presented to it by
AWATSON, the final terms of implementation shall be fully subject
to negotiation and/or approval by Company.
AMENDED AND RESTATED ENGAGEMENT
AGREEMENT FOR MANAGEMENT &
DEVELOPMENT CONSULTING By AJENE
WATSON-6//30/08
CLIENT INITIALS
/s/ GK
This Engagement
allows for two (2) independent term periods which shall be set
forth as follows:
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The Trial
Period shall be for a period of 90days or three (3) months
“Trial Period”.
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If there is no
termination of the Trial Period, this Engagement shall
automatically renew for an extended period of and additional twelve
(12) months ("Extended Period").
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Both the Trial
and Extended Period's shall collectively be (the
“Term”)
This Engagement
allows for two (2) termination opportunities; these are as
follows:
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The Company or
AWATSON may terminate the Engagement upon written notice within 48
hours of the termination date of the initial Trial
Period.
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If the Trial
Period is not terminated,
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