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Document Preview Agreement for Consulting Services |
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Title: |
Agreement for Consulting Services |
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Date: |
2003 |
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Price: |
$37 |
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ID: |
#1516530 |
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AGREEMENT FOR CONSULTING SERVICES
AGREEMENT made and entered into as of this 14th day of March 2003 (the
"Agreement"), by and between RRUN Ventures Network Inc. a Nevada Corporation
(the "Company") with principal offices at 62 West 8th Avenue, Vancouver, British
Columbia, V5Y 1M7 and Russell Stuart with principal offices at #2646 - 1979
Marine Drive, North Vancouver, BC V7P 3G2 ("Consultant").
WHEREAS, the Company is in the primary business of producing live entertainment
events and the development and management of entertainment establishments
namely, nightclubs; and
WHEREAS, the Consultant is in the business of developing, operating and managing
entertainment and interactive multimedia businesses, primarily music and filmed
entertainment, and providing business incubation, development, management and
product marketing services to companies in the entertainment and interactive
multimedia business fields, and the Company believes such experience is in its
best interest to utilize, and
WHEREAS, the Company acknowledges that the Consultant has been performing such
services since February 15th, 2003 for the Company, and
WHEREAS, the Company formally desires to engage Consultant to continue to
provide such services in accordance with the terms and conditions hereinafter
set forth;
Now, therefore, the Company and Consultant agree as follows:
1. ENGAGEMENT. The Company agrees to engage Consultant and Consultant agrees to
provide music content, filmed entertainment and interactive multimedia
incubation, development, operational management, business advice, management,
and product development and marketing services to the Company.
2. TERM. The term of this agreement shall commence on the date hereof and shall
continue for a period of one year, with two renewable terms of six months each.
Renewable terms will automatically unless the Agreement is terminated.
3. SERVICES. Consultant shall render advice and assistance to the Company on
business related matters (the "Services") and in connection therewith shall:
(a) perform services for the Company regarding the incubation of primarily a
music label business and a filmed entertainment business for the Company and the
incubation of other entertainment and interactive multimedia businesses for the
Company. The incubation services shall consist of including but not limited to
the conceptualizing, developing, and operating.
(b) perform services for the Company regarding the research, solicitation and
closing of entertainment acquisitions that fall within the Company's lines of
business, and subsequent operating of such acquisitions
(c) perform services for the Company regarding the business development and
planning of the securing of and/or formation of new partnerships and
subsidiaries for the Company to develop and/or acquire entertainment businesses
that fall within the Company's lines of business.
(d) perform services for the Company as a key consultant strategist for its
overall Entertainment business.
(e) attend meetings, whether in person or by phone, or video teleconference of
the Company's Board of Directors or Executive Committee(s) when so requested by
the Company;
(f) attend meetings at the request of the Company and review, analyze and report
on proposed business opportunities;
10
(g) consult with the Company concerning on-going strategic corporate planning
and long term corporate development policies, including advice regarding
revisions of the Company's business plan;
(h) consult with, advise and assist the Company in identifying, studying and
evaluating acquisition, joint venture, strategic alliance, recapitalization and
restructuring proposals, thereon when advisable, and assist in negotiations and
discussions pertaining thereto;
(i) assist the Company in obtaining advisory assistance from other professionals
where necessary or advisable, including, but not limited to attorneys and
accountants;
(j) consult with, advise and assist the Company in the identification and
selection of additional staff, employees and professional advisors and assist
the Company in the evaluation, redeployment and/or retention of existing
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