Attached files
file | filename |
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8-K - Investview, Inc. | v197369_8k.htm |
EX-10.2 - Investview, Inc. | v197369_ex10-2.htm |
EX-10.1 - Investview, Inc. | v197369_ex10-1.htm |
EX-10.5 - Investview, Inc. | v197369_ex10-5.htm |
EX-10.4 - Investview, Inc. | v197369_ex10-4.htm |
EX-10.3 - Investview, Inc. | v197369_ex10-3.htm |
AGREEMENT
THIS
AGREEMENT (this “Agreement”), entered into this 23rd day of
September, 2010, sets forth the arrangement between WEALTH ENGINEERING LLC with
its principal place of business at 281 Highway 34 Suite 204B, Colts Neck, NJ
07722 (hereinafter referred to as “Consultant”), and GLOBAL INVESTORS SERVICES,
INC., a Nevada corporation, with its principal place of business at 708 3rd Avenue,
6th
Floor, New York, NY (hereinafter referred to as “Company”), with respect to
compensation to which Consultant may become entitled under the terms and
conditions set forth in this Agreement.
WITNESSETH:
WHEREAS, the Company is
engaged in the development, marketing and distribution of various on-line
financial educations services and analysis products;
WHEREAS, the Consultant and
the Company are parties to a Marketing Agreement dated August 1, 2009 (the “Marketing
Agreement”) and in addition to the Marketing Agreement, the Company and
Consultant have agreed to enter into this Agreement pertaining to the Sales
Agency Agreement entered by and between the Company and The Cougar Group (the
“Cougar Agreement”);
WHEREAS, the Consultant has
agreed to provide
the services outlined on Exhibit I in order to assist The Cougar Group in
marketing the Company’s products in Japan, South Korea, China, Australia, Hong
Kong, Singapore, New Zealand, Philippines, Indonesia, and India (the
“Territory”) pursuant to that certain Sales Agency Agreement entered by and
between the Company and The Cougar Group (the “Cougar Agreement”);
NOW, THEREFORE, in
consideration of the mutual promises set forth in this Agreement, the parties
agree as follows:
1. Purpose;
Services. In consultation with the management of the Company,
the Consultant shall provide the Services. In performing the
Services, Consultant shall report to such person as may, from time to time, be
designated by the Company’s chief executive officer. Consultant shall
not have any authority to execute contracts or make any commitments on behalf of
the Company. Consultant accepts the engagement provided in this
Agreement and agrees to perform the Services in a professional manner,
diligently, in good faith, in a manner consistent with the best interests of the
Company.
2. Compensation; Expenses. In consideration for
providing the Services hereunder, the Company shall pay Consultants a monthly
fee from the cash revenues received as a direct result of the Cougar
Agreement equal to ten (10) percent of the first year revenues
from its sales in the Territory (the “Fee”). The Fee shall not exceed
$2,500,000 for the first year of the Agreement and $2,500,000 for the second
year of the Agreement and shall terminate upon the two (2) year anniversary of
this Agreement and Consultant shall not be entitled to any further compensation
from any arrangement or agreement between the Company and The Cougar Group or
any of its affiliates. Both the Company and the Consultant hereby agree and
acknowledge that the fee contemplated by this Agreement shall be derived solely
from the revenues received from the Territory. In the event that
additional geographic areas are added to the Territory, then the Company shall
enter an agreement covering those geographical areas on an as needed
basis. All costs and expenses incurred by Consultant shall be the
sole responsibility of the Consultant and the Company shall have no
responsibility or obligation to reimburse the Consultant for such costs and
expenses incurred by the Consultant.
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3. Independent Contractor
Relationship. This Agreement is intended to create an
independent contractor relationship between Consultant and Company.
(a) No Taxes Withheld from
Compensation. Company will not
withhold any taxes from any compensation paid to Consultant according to this
Agreement. It is acknowledged and agreed by the parties that Company has not, is
not, and shall not be obligated to make, and that it is the sole responsibility
of Consultant to make, in connection with compensation paid to Consultant
according to this Agreement, all periodic filings and payments required to be
made in connection with any withholding taxes, FICA taxes, Federal unemployment
taxes, and any other federal, state or local taxes, payments or filings required
to be paid, made or maintained.
(b) Consultant Controls Time and
Effort. It
is agreed that Company is interested only in the ultimate results of
Consultant’s activities pursuant to this Agreement, and that Consultant shall
have exclusive control over the time and effort invested by Consultant pursuant
to this Agreement, and the manner and means of Consultant’s performance under
this Agreement.
(c) Independence from
Company. The parties further agree that Consultant shall have
no control or supervision over Company’s employees, officers, directors,
representatives or affiliates. Consultant will not represent that it
is an employee of Company. Consultant shall at all times represent himself and
be construed as independent of Company. Consultant shall not, under
any circumstances, be deemed to be a servant or employee of Company for any
purpose, including for Federal tax purposes. Consultant’s
relationship to Company is that of an independent contractor, and nothing in
this Agreement shall constitute this Agreement as a joint venture or partnership
between Consultant and Company. Consultant shall have no authority to
bind Company or any of its employees, officers, directors, representatives or
affiliates by any promise or representation, oral or otherwise, unless
specifically authorized in a writing bearing an authorized signature of a
Company officer, director or representative. All discussions and negotiations
with any source for funding and/or financing shall be conducted by
Company.
4.
Board of
Directors. Consultant will be given the right to immediately
propose a candidate to serve as an interim director on the Company’s Board of
Directors at the execution of this Agreement. The proposed director candidate
will present his or her qualifications, business experience and other
capabilities to the current Board. Upon satisfactory review of the
qualifications, the individual will be placed on the current board. Consultant
understands that at the time of the Annual Shareholders meeting, all directors
will be nominated by the Board of Directors or appropriate nominating committee
and voted for by the shareholders.
5.
Term, Termination of this
Agreement and Return of Property. The Term of this
Agreement shall be for a period of two (2) year (the “Term”). Neither
party may terminate this Agreement but for Cause. Cause is defined as
any intentional act of fraud, embezzlement, theft or any other material
violation of law by either party during the Term.
6. Notice. Any notice
required under this Agreement shall be deemed duly delivered (and shall be
deemed to have been duly received if so given), if personally delivered, sent by
a reputable courier service, or mailed by registered or certified mail, postage
prepaid, return receipt requested, addressed to the parties at the addresses set
forth above or to such other address as any party may have furnished to the
other in writing in accordance with this Section.
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7. Law and Jurisdiction. The laws of the State of
New York apply to this Agreement, without deference to the principles of
conflicts of law. Both jurisdiction and venue for any litigation
pursuant to this Agreement shall be proper in the courts of New
York.
8. Severability. If the law does not
allow a provision of this Agreement to be enforced, such unenforceable provision
shall be amended to become enforceable and reflect the intent of the parties,
and the rest of the provisions of this Agreement shall remain in
effect.
9.
Waiver. The failure of any
party, in any instance, to insist upon strict enforcement of the provisions of
this Agreement shall not be construed to be a waiver or relinquishment of
enforcement in the future, and the terms of this Agreement shall continue to
remain in full force and effect.
10.
Assignability. This
Agreement shall not be assignable by either party, except as provided by Section
2 of this Agreement.
11. Amendment. This Agreement may only
be amended or modified in a writing signed by both of the parties and referring
to this Agreement.
12.
Entire Agreement.
This Agreement
constitutes the entire agreement and final understanding of the parties with
respect to the subject matter of this Agreement and supersedes and terminates
all prior and/or contemporaneous understandings and/or discussions between the
parties, whether written or verbal, express or implied, relating in any way to
the subject matter of this Agreement.
13.
Execution in
Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which taken
together shall constitute one in the same instrument. Confirmation of
execution by electronic transmission of a facsimile signature shall be binding
on the confirming party.
SIGNING
THIS AGREEMENT INDICATES ACCEPTANCE OF THE TERMS OF THIS AGREEMENT.
GLOBAL
INVESTORS SERVICES, INC.
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By:/s/
Nicholas Maturo
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Name:
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Nicholas
Maturo
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Title:
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CEO
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WEALTH
ENGINEERING LLC
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By:/s/
Mario Romano
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Name:
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Mario
Romano
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Title:
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CEO/President
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EXHIBIT
I
-
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Deliver
all product materials needed or requested by The Cougar Group or its
affiliates or partners (collectively, TCG). Wealth will not
bear any of the costs associated with this
delivery.
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-
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Conduct
presentation and training via webinar or site visits as needed to assist
TCG develop sales channels in the
Territory
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-
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Provide
support and various training activities for TCG via webinar or site visit
as needed
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