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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: |
$34 |
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ID: |
#1516534 |
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AGREEMENT FOR CONSULTING SERVICES
AGREEMENT made and entered into as of this 20th 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 Terrence Lall with principal offices at 69 Yorkville Ave.
Toronto, Canada. M5R 188 ("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 and managing
entertainment establishments, including nightclubs, and providing business
advice, management and product marketing services to companies in various
business fields including but not limited to entertainment, 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 January 6th, 2003 for the Company and the Consultant formally
desires to continue providing such services to the Company with the specific
intention and objective to use his Best Efforts to develop and establish
entertainment establishments, namely nightclubs for the Company that will add
value to the Company's business, 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 entertainment establishment start up, 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 two years with one renewable term of two years.
Renewable terms will automatically renew 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 conceptualizing, development,
and operating of entertainment establishments, namely nightclubs, initially in
the geographic areas of Canada and Northeastern, USA.
(b) perform services for the Company regarding the research, solicitation and
closing of entertainment establishment acquisitions, and subsequent operating of
such entertainment establishments, namely nightclubs, initially in the
geographic areas of Canada and North-eastern, USA.
(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
establishments, namely nightclubs, initially in the geographic areas of Canada
and North-eastern, USA.
(d) perform services for the Company as a key consultant strategist for its
overall Entertainment Establishment business in other regions that the Company
plans, develops, manages, and/or operates entertainment establishments.
(e) assist in the coordination, of the business development efforts of the
Company's other business operations in Canada and North-eastern USA.
(f) 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;
-1-
(g) attend meetings at the request of the Company and review, analyze and report
on proposed business opportunities;
(h) 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;
(i) 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;
(j) assist the Company in obtaining advisory assistance from other professionals
where necessary or advisable, including, but not limited to attorneys and
accountants;
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