PREMIER BEVERAGE GROUP CORP.

 

2011 Consulting Agreement and Plan

 

THIS 2011 CONSULTING AGREEMENT AND PLAN (“Agreement and Plan”) made and entered
into this 27th day of December, 2011 and effective as of October 1, 2011 by and
between PREMIER BEVERAGE GROUP CORP. (together with its successors, the
“Company”), a Nevada corporation located at 501 Madison Avenue, Suite 501, New
York, NY 10022, and RICHARD A. FISHER (“Consultant”).

 

1. Performance of Services. Consultant will perform in a professional and
expeditious manner all services for the Company which the Company and Consultant
mutually agree should be performed by it. Consultant will report the progress of
all such work upon request of the Company or, if no such request is made, on a
regular basis. The services to be performed shall consist generally of providing
legal services, serving in the non-executive role of corporate secretary and
providing input into strategic planning and business plan execution. Consultant
shall devote such business time, labor, skill, attention and best ability to the
performance of his duties hereunder in a manner which will faithfully and
diligently further the business and interests of the Company. Consultant shall
not be required to devote full time to the business.

 

2. Term. The term of this Agreement and Plan shall be for one year commencing
effective October 1, 2011, provided, however, that this Agreement and Plan shall
terminate and an employment agreement on terms mutually acceptable to the
Company and Consultant shall be substituted therefor effective upon the closing
(“Closing”) by the Company or its affiliates of one or more rounds of financing
after the date hereof in the approximate gross amount of one million dollars in
the aggregate (“Financing”).

 

3. Compensation. The Company shall pay compensation Consultant at the rate of
$10,000 per month, $7,000 of which shall be deferred during October and November
and $5,000 per month shall be deferred thereafter (the “Deferred Component”).
The current component of Consultant’s compensation shall be paid in cash on the
first business day of each month. The Deferred Component shall, at the election
of the Company, be paid (a) in cash upon Closing, (b) in shares of the Company’s
common stock registered with the Securities and Exchange Commission (“SEC”) on
Form S-8 or equivalent (“S-8 Shares”), or (c) by a combination of cash and S-8
Shares. Payment of the Deferred Component in S-8 Shares may be made in whole or
in part before the Closing and within 10 business days after the Closing, in
each instance at the Company’s election. S-8 Shares shall be valued at the
closing bid price on the day before the Company files the Form S-8 with the SEC
and shall be issued in an amount equal to 120% of the Deferred Component being
paid thereby.

 

4. Expenses. Consultant shall be entitled to reimbursement for expenses incurred
by him in connection with the performance of his duties hereunder upon receipt
of vouchers therefore in accordance with such procedures as the Company has
heretofore or may hereafter establish. Consultant shall also be entitled to an
allowance for office expenses of $150 per month.

 

5. Independent Contractor. In furnishing services, Consultant will at all times
be acting as an independent contractor. As such, Consultant will not solely by
reason this Agreement and Plan or his services hereunder be entitled to
participate in or to receive any benefit or right under any of the Company’s
employee stock, benefit or welfare plans. Consultant agrees to report his
compensation from the Company as income from self employment and to pay all self
employment and other taxes required by law to be paid with respect to such
compensation as and when the same shall become due and payable.

 

6. Company-Furnished Information. All information furnished by the Company to
Consultant or acquired at the Company’s expense by Consultant (herein
collectively “Company Information”) shall be and remain the sole property of the
Company. Consultant agrees to use Company Information solely for the benefit of
the Company, to mark and handle all Company Information in accordance with
established Company policy, and not to remove or permit the removal of any
Company Information from the Company’s premises without its prior written
consent. Consultant shall be fully responsible for the care and protection of
any Company Information which may be in his possession or custody and shall
deliver all Company Information to the Company at its request upon completion of
all work under this Agreement and Plan.

 

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7. Consultant Work Product. All right title and interest in and to any
work-product which Consultant acquires, compiles, authors, makes or otherwise
generates, in whole or in part, including all works authored, for use in
connection with or arising out of or in relation to the services described in
this Agreement and Plan, whether or not copyrightable or patentable (hereinafter
“Consultant Work Product”), shall belong exclusively to the Company. During and
after the term of this Agreement and Plan, Consultant shall execute,
acknowledge, seal and deliver all documents, including, without limitation, all
instruments of assignment, patent and copyright applications and supporting
documentation, and perform all acts, which the Company may request to secure its
rights hereunder and to carry out the intent of this Agreement and Plan.
Consultant will use, mark, handle, protect and deliver all Consultant Work
Product in the same manner as is provided in Section 6 for Company Information.

 

8. Confidentiality and Attorney-Client Privilege. During and after the term of
this Agreement and Plan, Consultant shall not, without first obtaining the
written consent of the Company, divulge or disclose to anyone outside the
Company, whether by private communication or by public address or publication,
or otherwise, any information not already lawfully available to the public
concerning any and all Company Information, any or all information acquired by
Consultant during the course of his consulting services from or pertaining to
any business or licensors or customers of the Company, and any and all
Consultant Work Product which is maintained in secrecy or confidence by the
Company or by any person or entity affiliated with the Company by employment,
ownership, participation in a joint venture, licensing arrangement, contract or
otherwise. Nothing herein shall be construed to limit the attorney-client
privilege under applicable law.

 

9. Trade Secrets. Consultant will not, during the term of service to the Company
or thereafter, disclose to others or use for his own benefit any trade secrets
acquired from the Company, its customers, suppliers, consultants or affiliates,
except to the extent that the disclosure of such trade secrets is necessary to
perform his duties and fulfill his responsibilities as a consultant to the
Company. (A trade secret is information not generally known to the trade which
gives the Company an advantage over its competitors. Trade secrets can include,
by way of example, products under development, production methods and processes,
sources of supply, materials used in manufacture, customer lists, costs of parts
and materials, business and marketing plans, and information concerning the
filing or pendency of patent applications.)

 

10. Conflict of Interest. Consultant agrees that it shall be his responsibility
to recognize, disclose and avoid any situation which might, either directly or
indirectly, adversely affect his judgment in acting for the Company or which
might otherwise involve a conflict between personal interest and the interests
of the Company.

 

11. Non-Solicitation. This Agreement and Plan is intended to secure to the
Company the help and cooperation of Consultant and to generate good will on the
Company’s behalf. Consultant agrees that for a period of one year after the
termination of his consulting services with the Company for any reason,
Consultant will not solicit, induce, attempt to hire, or hire any employee of
the Company, or assist in such hiring by any other person, organization, firm or
business, or encourage any such employee to terminate his or her employment with
the Company.

 

12. Legal Services. The Company acknowledges that it has come to The
Commonwealth of Massachusetts to obtain Consultant’s legal services, that this
agreement as it relates to the provision of legal services is formed in The
Commonwealth of Massachusetts, and that The Commonwealth of Massachusetts Rules
of Professional Conduct shall apply thereto.

 

13. Entire Agreement and Amendment. This Agreement and Plan fully expresses the
entire and only agreement between the Company and Consultant respecting his
services as a consultant. All prior and collateral understandings, agreements
and promises with respect thereto are merged into this Agreement and Plan. This
Agreement and Plan may not be modified, waived, or extended unless agreed to in
writing by an authorized officer of the Company and Consultant.

 

14. Severability. In case any one or more of the provisions or part of a
provision contained in this Agreement an Plan shall, for any reason, be held to
be invalid, illegal or unenforceable in any respect, such invalidity, illegality
or unenforceability shall not affect any other provision of this Agreement and
Plan, but this Agreement and Plan shall be construed as if such invalid, illegal
or unenforceable provision or part of a provision had never been contained
herein. In the event that any provision of this Agreement and Plan shall be
determined to be unenforceable by any court of competent jurisdiction by reason
of extending for too great a period of time or over too large a geographic area
or over too great a range of activities, it shall be interpreted to extend only
over the maximum period of time, geographic area or range of activities as to
which it may be enforceable.

 

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15. Applicable Law. This Agreement and Plan shall be construed, interpreted and
applied in accordance with the substantive laws of The Commonwealth of
Massachusetts.

 

16. Notice. Any written notice to be given under the Agreement and Plan must be
delivered in person or given by registered or certified mail:

 

If to the Company, to:     Premier Beverage Group Corp.   501 Madison Avenue  
Suite 501   New York, NY 10022   Attention: Fouad Kallamni     If to Consultant,
to:     Richard Fisher   337 Rumstick Road   Barrington, RI 02806

 

17. Assignment. Consultant agrees not to assign or delegate any right or
obligation under this Agreement and Plan.

 

18. Counterparts. This Agreement and Plan may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument, and in pleading or
proving any provision of this Agreement and Plan, it shall not be necessary to
produce more than one of such counterparts.

 

* * *

 

IN WITNESS WHEREOF, the parties have executed or caused to be executed this
Agreement and Plan as of the date first above written.

 

  PREMIER BEVERAGE GROUP CORP.                 By:             Its President  
Richard A. Fisher  

 

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