Document:

EXHIBIT
10.1

 

 

800 COMMERCE
INC.

ADVISORY
BOARD AGREEMENT

 

 

THIS ADVISORY BOARD AGREEMENT is made effective as of
August 1st, 2012, (the "Effective

Date") by and between
800 Commerce Inc. 
a Florida Corporation (the "Company"), and James
Canton (the

"Advisor").

 

RECITALS

 

A.
Company
desires
to obtain
the services
of Advisor
to serve
on the
Company’s
Board
of

Advisors
(the
“AB”),
and the
Advisor
desires
to serve
on the
AB, upon
the following
terms
and conditions.

 

B.
Company
has spent
significant
 time,
effort, and
money to
develop
 certain
Proprietary

Information
(as
defined
below),
which
Company
considers
vital
to its
business
and goodwill.

 

C.
The Proprietary
Information
may necessarily
be communicated
to or received
by Advisor
in the
course of
serving
on the
AB for
the
Company,
and Company
desires
to obtain
the
Services
of Advisor,
only if,
in doing
so,
it can
protect
its Proprietary
Information
and goodwill.

 

D.
Company
does not,
however,
desire
to receive
from
Advisor,
or for Advisor
to either
induce the
use of
or use
in connection
with the
performance
of the
Services,
any information
which
is confidential
to or
ownership
of which
resides
in a third
party,
whether
acquired
either
prior
to or
subsequent
to Advisor's
retention
hereunder.

 

AGREEMENT

 

NOW,
THEREFORE,
the
parties
hereto
hereby
agree
as follows:

 

1.
Advisory Board
Member.
Company
hereby retains Advisor to serve
on its Advisory Board.
The term
of this
Agreement
(the “Term”)
shall
be the
period
commencing
on the
Effective
Date
and terminating
upon thirty
(30) days
prior
written
notice
delivered
by either
party
to the
other
for any reason.
Upon
any termination
of the
Services
as provided
in the
preceding
sentence,
this
Agreement
shall
terminate
except that
the provisions
set forth
in Sections
2.b,
4 and 6 of this
Agreement
shall
survive
such
termination.

 

2.
Position,
Duties,
Responsibilities.

 

a.
 Duties. Advisor
shall perform those services (“Services”)
as reasonably requested by the
Company
from
time
to time,
including
but not
limited
to the
Services
described
on Exhibit
A attached
hereto.
 Advisor
shall
devote
Advisor's
commercially
reasonable
efforts
and attention
to the
performance
of the
Services
for the
Company
on a timely
basis.
Advisor
shall
also
make
himself
available
to answer
questions,
provide
advice
and provide
Services
to the
Company
upon reasonable
request
and notice
from
the Company.

 

b.
Independent Contractor;
No Conflict.
It
is understood
and agreed,
and it
is the
intention
of the
parties
hereto,
that
Advisor
is an
independent contractor,
and not
the
employee,
agent,
joint
venturer,
or partner
of Company
for any
purposes
whatsoever.
 Advisor
is skilled
in providing
the Services,.
To the
extent
necessary,
Advisor
shall
be solely
responsible
for any and
all taxes
related
to the
receipt
of any compensation
under this
Agreement.
Advisor
hereby
represents,
warrants
and covenants
that Advisor
has the
right,
power
and authority
to enter
into
this
Agreement
and that
neither
the execution
nor delivery
of this
Agreement,
nor the
performance
of the
Services
by Advisor
will
conflict
with
or result
in a breach
of the
terms,
conditions
or provisions
of, or
constitute
a default
under,
any contract,
covenant or
instrument
under which
Advisor
is now
or hereinafter
becomes
obligated.

 

3.
Compensation,
Benefits,
Expenses.

 

a.
Compensation.
 As
full
and complete
consideration
of the
Services
to be
rendered
hereunder,
the
Company
shall
pay Advisor
the
Compensation
described
on Exhibit
A attached
hereto.

 

b.
Reimbursement
of Expenses.
Company
shall promptly
reimburse
Advisor
for any
reasonable
costs
and expenses
incurred
by Advisor
in connection
with any
Services
specifically
requested
by Company
and actually
performed
by Advisor
pursuant
to the terms
of this Agreement.
Each such expenditure
or cost
shall
be reimbursed
only
if: (i)
with
respect
to costs
in excess
of $100,
individually,
Advisor
receives
prior approval
from the
Company’s
CEO or CFO
or other
executive for
such expenditure
or cost, and
(ii) with respect
to costs
in less than
$100, individually,
provided
Advisor
furnishes
to Company
adequate
records
and other
documents
reasonably
acceptable
to Company
evidencing
such expenditure
or cost.

    	(1)

    	 

    
 

4.
Proprietary
Information;
Work
Product; Non-Disclosure.

 

a.
 Defined.
Company
has conceived,
developed
and owns,
and continues
to conceive
and develop,
certain
property
rights
and information,
including
but not
limited
to its business
plans
and objectives,
client
and customer
information,
financial
projections,
marketing
plans,
marketing
materials,
logos,
and designs,
and technical
data,
inventions,
processes,
know-how,
algorithms,
formulae,
franchises,
databases,
computer
programs,
computer
software,
user
interfaces,
source
codes,
object
codes, architectures
and structures,
display
screens, layouts, development
tools and instructions,
templates,
and other
trade secrets, intangible
assets
and industrial
or proprietary
property
rights
which
may or
may not
be related
directly
or indirectly
to Company's
software
business
and all
documentation,
media
or other
tangible
embodiment
of or relating
to any
of the
foregoing
and all
proprietary
rights
therein
of Company
(all
of which
are hereinafter
referred
to as
the
"Proprietary
Information").
 Although
certain
information
may be
generally
known
in the
relevant
industry,
the fact
that
Company
uses
it may
not be
so known.
 In
such
instance,
the
knowledge
that Company
uses
the information
would
comprise
Proprietary
Information.
Furthermore,
the fact
that various
fragments
of information
or data
may
be generally
known in
the relevant
industry
does
not mean
that the
manner in
which
Company
combines
them,
and the
results
obtained
thereby,
are
known.
In such
instance,
that would
also
comprise
Proprietary
Information.

 

b.
General
Restrictions
on Use.
Advisor
agrees to hold
all Proprietary
Information
in confidence
and not
to,
directly
or indirectly,
disclose,
use,
copy, publish,
summarize,
or remove
from
Company's
premises
any Proprietary
Information
(or remove
from
the
premises
any other
property
of Company),
except (i)
during
the
consulting
relationship
to the
extent
authorized
and necessary
to carry
out Advisor's
responsibilities
under this
Agreement,
and (ii)
after termination
of the
consulting
relationship,
only as
specifically
authorized
in writing
by Company.
Notwithstanding
the foregoing,
such restrictions
shall
not apply
to:
(x) information
which
Advisor
can show
was
rightfully
in Advisor's
possession
at the
time of
disclosure
by Company;
(y)
information
which
Advisor
can show
was received
from
a third
party
who lawfully
developed
the information
independently
of Company
or obtained
such information
from Company
under conditions
which
did
not require
that
it be
held in
confidence;
or (z)
information
which,
at the
time of
disclosure,
is generally
available
to the
public.

 

c.
Ownership
of Work
Product. All
Work Product
shall be considered
work(s)
made by
Advisor
for hire
for Company
and shall
belong
exclusively
to Company
and its designees.
If by operation
of law,
any of the
Work
Product,
including
all related
intellectual
property
rights,
is not owned
in its entirety
by Company
automatically
upon creation
thereof,
then
Advisor
agrees
to assign,
and hereby
assigns,
to Company
and its
designees
the
ownership
of such
Work
Product,
including
all
related
intellectual
property
rights.
 "Work
Product"
shall
mean
any writings
(including
excel,
power
point,
emails,
etc.),
programming,
documentation,
data compilations,
reports,
and any other
media,
materials,
or other
objects
produced
as a result
of Advisor's
work
or delivered
by Advisor
in the
course of
performing
that work.

 

d.
Incidents and Further Assurances. Company may
obtain and hold in its own name copyrights,
registrations, and other protection
that may be available
in the Advisor. Advisor agrees
to provide any assistance
required to perfect such protection. Advisor agrees
to take sure further actions
and execute and deliver such further agreements and other instruments as Company may reasonably request to give effect to this Section 4.

 

e.
Return
of Proprietary
Information.
Upon termination
of this Agreement,
Advisor shall
upon request
by the
Company
promptly
deliver
to Company
at Company’s
sole
cost and
expense, all
drawings, blueprints, manuals,
specification documents,
documentation, source or object codes, tape discs and any
other storage
media,
letters,
notes, notebooks,
reports,
flowcharts,
and all other
materials
in its possession or
under its control
relating
to the
Proprietary
Information
and/or
Services,
as well
as all
other
property
belonging
to Company
which
is then
in Advisor's
possession
or under
its control.
Notwithstanding
the foregoing,
Advisor
shall retain
ownership
of all
works
owned
by Advisor
prior
to commencing
work
for Company
hereunder,
subject
to Company's
nonexclusive,
perpetual,
paid up
right
and license
to use
such works
in connection
with its
use of
the
Services
and any
Work
Product.

 

f.
Remedies/Additional
Confidentiality
Agreements.
Nothing
in this
Section
4 is intended
to limit
any remedy
of Company
under applicable
state
or federal
law.
At the
request
of Company,
Advisor
shall also execute
Company's
standard "Confidentiality
Agreement"
or similarly
named agreement
as such agreement
is currently
applied
to and
entered
into
by Company's
most recent
employees.

 

5.
 Non-Compete.
During
the Term,
Advisor
shall
provide
the Company
with prior
written
notice
if Consultant
intends
to provide
any services,
as an employee,
consultant
or otherwise,
to any
person, company
or entity
that
competes
directly
with
the
Company,
which
written
notice
shall
include
the
name of
the competitor.
During
the period
that is six (6)
months
after the
termination
of this Agreement,
Advisor
shall provide
the
Company
with
written
notice
any time
that
Advisor
provides
any services,
as an employee,
consultant
or otherwise,
to any
person,
company
or entity
that
competes
directly
with the
Company.
Notwithstanding
anything to the contrary contained
herein, Company
hereby consents to Consultant
providing services,
as an
employee,
consultant
or otherwise,
to the
following
companies.

    	(2)

    	 

    
 

6.
Miscellaneous.

 

a.
 Notices.
 All
notices
required
under this
Agreement
shall
be deemed
to have
been given
or made
for all
purposes
 upon
receipt
of such
written
notice
or communication.
Notices
to each
party shall
be sent
to the
address
set forth
below
the party's
signature
on the
signature
page of this
Agreement.
Either
party hereto
may change
the
address
to which
such communications
are
to be directed
by giving
written
notice
to the
other
party
hereto
of such
change in
the
manner provided
above.

 

b.
Entire Agreement.
 This
Agreement
and any documents attached hereto
as Exhibits constitute
the entire agreement
and understanding
between
the parties
with respect to the
subject matter
herein and therein,
and supersede
and replace
any and all
prior
agreements
and understandings,
whether
oral
or written
with
respect
to such
matters.
 The
provisions
of this
Agreement
may
be waived,
altered,
amended
or replaced
in whole
or in
part
only upon
the
written
consent
of both
parties
to this
Agreement.

 

c.
Severability, Enforcement. If,
for any reason, any provision of this Agreement
shall be determined
to be
invalid
or inoperative,
the
validity
and effect
of the
other
provisions
herein
shall
not be
affected
thereby,
provided
that
no such severability
shall
be effective
if it causes
a material
detriment
to any party.

 

d.
Governing Law. The
validity, interpretation, enforceability, and performance
of this

Agreement
shall
be governed
by and construed
in accordance
with the
laws
of the
State
of Florida.
Venue for
any and
all
disputes
arising
out of
this
Agreement
shall
be the
City of
Palm Beach, State
of Florida.

 

e. Injunctive Relief.  The parties agree that in the event of any breach or threatened breach of any of the covenants in Section 4, the damage or imminent damage to the value and the goodwill of Company's business will be
irreparable and extremely difficult to estimate, making any remedy at law or in damages
inadequate. Accordingly,
the parties agree
that Company
shall be entitled
to injunctive
relief against Advisor in the event of any breach or threatened breach of any such provisions by Advisor, in addition to any other relief (including damages) available to Company under this Agreement or under applicable state or federal law.

 

f.
Publicity.
The Company shall, with
prior written approval by Advisor, have the right to use
the name,
biography
and picture
of Advisor
on the Company’s
website,
marketing
and advertising
materials.

 

 

    	(3)

    	 

    

Date.

IN
WITNESS
WHEREOF,
each party
hereto
has duly executed
this
Agreement
as of the
Effective

 

 

	COMPANY	 	 
	800 COMMERCE INC.	 	ADVISORY BOARD MEMBER
	 	 	 
	Signature	 	Signature
	Name	 	Name

 

 

    	(4)

    	 

    

 

 Exhibit
A to
Advisory
Board Agreement

 

 

Services.

 

As
a member
of the
Advisory
Board,
you shall:

 

v
 Participate
in monthly
Advisory
calls which
will
last
no more
than 1
hour

v
 Participate
in annual
full day
retreat

v
 Be
accessible
to Company
to provide
guidance
on business
and technology
strategy
issues
on an
as-needed
basis

		v	Patents

		v	Business Strategy

		v	Alliances

		v	Advice

		v	Business Development

 

 

Compensation.

 

The
Company
shall
issue
Advisor
a non-qualified
stock
option
to purchase
800,000 shares
(“Option
Shares”)
of the
Company's
common
stock at
an exercise
price
equal to thirty
cents ($0.30)
per share
(which
is the
current
value
of each
share).
The Option
Shares
shall
vest
as follows:
provided
this
Agreement
remains
in effect,
200,000 shares
shall
vest immediately
and the
remaining
600,000 Option
Shares
shall
vest at
the rate
of

50,000 shares
per month
on the
last
day of
each month
over 12
consecutive
months.EXHIBIT 10.2

 

800 COMMERCE
INC.

ADVISORY
BOARD AGREEMENT

 

 THIS
ADVISORY
BOARD AGREEMENT
is made
effective
as of
August 1st, 2012,
(the "Effective

Date")
by and between
800 Commerce Inc.
 a Florida Corporation (the
"Company"),
and Scott
Climes (the

"Advisor").

 

RECITALS

 

A.
Company
desires
to obtain
the services
of Advisor
to serve
on the
Company’s
Board
of

Advisors
(the
“AB”),
and the
Advisor
desires
to serve
on the
AB, upon
the following
terms
and conditions.

 

B.
Company
has spent
significant
 time,
effort, and
money to
develop
 certain
Proprietary

Information
(as
defined
below),
which
Company
considers
vital
to its
business
and goodwill.

 

C.
The Proprietary
Information
may necessarily
be communicated
to or received
by Advisor
in the
course of
serving
on the
AB for
the
Company,
and Company
desires
to obtain
the
Services
of Advisor,
only if,
in doing
so,
it can
protect
its Proprietary
Information
and goodwill.

 

D.
Company
does not,
however,
desire
to receive
from
Advisor,
or for Advisor
to either
induce the
use of
or use
in connection
with the
performance
of the
Services,
any information
which
is confidential
to or
ownership
of which
resides
in a third
party,
whether
acquired
either
prior
to or
subsequent
to Advisor's
retention
hereunder.

 

AGREEMENT

 

NOW,
THEREFORE,
the
parties
hereto
hereby
agree
as follows:

 

1.
Advisory Board
Member.
Company
hereby retains Advisor to serve
on its Advisory Board.
The term
of this
Agreement
(the “Term”)
shall
be the
period
commencing
on the
Effective
Date
and terminating
upon thirty
(30) days
prior
written
notice
delivered
by either
party
to the
other
for any reason.
Upon
any termination
of the
Services
as provided
in the
preceding
sentence,
this
Agreement
shall
terminate
except that
the provisions
set forth
in Sections
2.b,
4 and 6 of this
Agreement
shall
survive
such
termination.

 

2.
Position,
Duties,
Responsibilities.

 

a.
 Duties. Advisor
shall perform those services (“Services”)
as reasonably requested by the
Company
from
time
to time,
including
but not
limited
to the
Services
described
on Exhibit
A attached
hereto.
 Advisor
shall
devote
Advisor's
commercially
reasonable
efforts
and attention
to the
performance
of the
Services
for the
Company
on a timely
basis.
Advisor
shall
also
make
himself
available
to answer
questions,
provide
advice
and provide
Services
to the
Company
upon reasonable
request
and notice
from
the Company.

 

b.
Independent Contractor;
No Conflict.
It is
understood
and agreed,
and it
is the
intention
of the
parties
hereto,
that
Advisor
is an
independent contractor,
and not
the
employee,
agent,
joint
venturer,
or partner
of Company
for any
purposes
whatsoever.
 Advisor
is skilled
in providing
the Services,.
To the
extent
necessary,
Advisor
shall
be solely
responsible
for any and
all taxes
related
to the
receipt
of any compensation
under this
Agreement.
Advisor
hereby
represents,
warrants
and covenants
that Advisor
has the
right,
power
and authority
to enter
into
this
Agreement
and that
neither
the execution
nor delivery
of this
Agreement,
nor the
performance
of the
Services
by Advisor
will
conflict
with
or result
in a breach
of the
terms,
conditions
or provisions
of, or
constitute
a default
under,
any contract,
covenant or
instrument
under which
Advisor
is now
or hereinafter
becomes
obligated.

 

3.
Compensation,
Benefits,
Expenses.

 

a.
Compensation.
 As
full
and complete
consideration
of the
Services
to be
rendered
hereunder,
the
Company
shall
pay Advisor
the
Compensation
described
on Exhibit
A attached
hereto.

 

b.
Reimbursement
of Expenses.
Company
shall promptly
reimburse
Advisor
for any
reasonable
costs
and expenses
incurred
by Advisor
in connection
with any
Services
specifically
requested
by Company
and actually
performed
by Advisor
pursuant
to the terms
of this Agreement.
Each such expenditure
or cost
shall
be reimbursed
only
if: (i)
with
respect
to costs
in excess
of $100,
individually,
Advisor
receives
prior approval
from the
Company’s
CEO or CFO
or other
executive for
such expenditure
or cost, and
(ii) with respect
to costs
in less than
$100, individually,
provided
Advisor
furnishes
to Company
adequate
records
and other
documents
reasonably
acceptable
to Company
evidencing
such expenditure
or cost.

    	(1)

    	 

    
 

4.
Proprietary
Information;
Work
Product; Non-Disclosure.

 

a.
 Defined.
Company
has conceived,
developed
and owns,
and continues
to conceive
and develop,
certain
property
rights
and information,
including
but not
limited
to its business
plans
and objectives,
client
and customer
information,
financial
projections,
marketing
plans,
marketing
materials,
logos,
and designs,
and technical
data,
inventions,
processes,
know-how,
algorithms,
formulae,
franchises,
databases,
computer
programs,
computer
software,
user
interfaces,
source
codes,
object
codes, architectures
and structures,
display
screens, layouts, development
tools and instructions,
templates,
and other
trade secrets, intangible
assets
and industrial
or proprietary
property
rights
which
may or
may not
be related
directly
or indirectly
to Company's
software
business
and all
documentation,
media
or other
tangible
embodiment
of or relating
to any
of the
foregoing
and all
proprietary
rights
therein
of Company
(all
of which
are hereinafter
referred
to as
the
"Proprietary
Information").
 Although
certain
information
may be
generally
known
in the
relevant
industry,
the fact
that
Company
uses
it may
not be
so known.
 In
such
instance,
the
knowledge
that Company
uses
the information
would
comprise
Proprietary
Information.
Furthermore,
the fact
that various
fragments
of information
or data
may
be generally
known in
the relevant
industry
does
not mean
that the
manner in
which
Company
combines
them,
and the
results
obtained
thereby,
are
known.
In such
instance,
that would
also
comprise
Proprietary
Information.

 

b.
General
Restrictions
on Use.
Advisor
agrees to hold
all Proprietary
Information
in confidence
and not
to,
directly
or indirectly,
disclose,
use,
copy, publish,
summarize,
or remove
from
Company's
premises
any Proprietary
Information
(or remove
from
the
premises
any other
property
of Company),
except (i)
during
the
consulting
relationship
to the
extent
authorized
and necessary
to carry
out Advisor's
responsibilities
under this
Agreement,
and (ii)
after termination
of the
consulting
relationship,
only as
specifically
authorized
in writing
by Company.
Notwithstanding
the foregoing,
such restrictions
shall
not apply
to:
(x) information
which
Advisor
can show
was
rightfully
in Advisor's
possession
at the
time of
disclosure
by Company;
(y)
information
which
Advisor
can show
was received
from
a third
party
who lawfully
developed
the information
independently
of Company
or obtained
such information
from Company
under conditions
which
did
not require
that
it be
held in
confidence;
or (z)
information
which,
at the
time of
disclosure,
is generally
available
to the
public.

 

c.
Ownership
of Work
Product. All
Work Product
shall be considered
work(s)
made by
Advisor
for hire
for Company
and shall
belong
exclusively
to Company
and its designees.
If by operation
of law,
any of the
Work
Product,
including
all related
intellectual
property
rights,
is not owned
in its entirety
by Company
automatically
upon creation
thereof,
then
Advisor
agrees
to assign,
and hereby
assigns,
to Company
and its
designees
the
ownership
of such
Work
Product,
including
all
related
intellectual
property
rights.
 "Work
Product"
shall
mean
any writings
(including
excel,
power
point,
emails,
etc.),
programming,
documentation,
data compilations,
reports,
and any other
media,
materials,
or other
objects
produced
as a result
of Advisor's
work
or delivered
by Advisor
in the
course of
performing
that work.

 

d.
Incidents and Further Assurances. Company
may obtain and hold in its own name
copyrights,
registrations,
and other
protection
that may
be available
in the Advisor.
Advisor
agrees to provide
any assistance
required
to perfect such
protection.
Advisor
agrees to take
sure further
actions
and execute and
deliver
such
further
agreements
and other
instruments
as Company
may reasonably
request
to give
effect to
this
Section 4.

 

e.
Return
of Proprietary
Information.
Upon termination
of this Agreement,
Advisor shall
upon request
by the
Company
promptly
deliver
to Company
at Company’s
sole
cost and
expense, all
drawings, blueprints, manuals,
specification documents,
documentation, source or object codes, tape discs and any
other storage
media,
letters,
notes, notebooks,
reports,
flowcharts,
and all other
materials
in its possession or
under its control
relating
to the
Proprietary
Information
and/or
Services,
as well
as all
other
property
belonging
to Company
which
is then
in Advisor's
possession
or under
its control.
Notwithstanding
the foregoing,
Advisor
shall retain
ownership
of all
works
owned
by Advisor
prior
to commencing
work
for Company
hereunder,
subject
to Company's
nonexclusive,
perpetual,
paid up
right
and license
to use
such works
in connection
with its
use of
the
Services
and any
Work
Product.

 

f.
Remedies/Additional
Confidentiality
Agreements.
Nothing
in this
Section
4 is intended
to limit
any remedy
of Company
under applicable
state
or federal
law.
At the
request
of Company,
Advisor
shall also execute
Company's
standard "Confidentiality
Agreement"
or similarly
named agreement
as such agreement
is currently
applied
to and
entered
into
by Company's
most recent
employees.

 

5.
 Non-Compete.
During
the Term,
Advisor
shall
provide
the Company
with prior
written
notice
if Consultant
intends
to provide
any services,
as an employee,
consultant
or otherwise,
to any
person, company
or entity
that
competes
directly
with
the
Company,
which
written
notice
shall
include
the
name of
the competitor.
During
the period
that is six (6)
months
after the
termination
of this Agreement,
Advisor
shall provide
the
Company
with
written
notice
any time
that
Advisor
provides
any services,
as an employee,
consultant
or otherwise,
to any
person,
company
or entity
that
competes
directly
with the
Company.
Notwithstanding
anything to the contrary contained
herein, Company
hereby consents to Consultant
providing services,
as an
employee,
consultant
or otherwise,
to the
following
companies

    	(2)

    	 

    
 

6.
Miscellaneous.

 

a.
 Notices.
 All
notices
required
under this
Agreement
shall
be deemed
to have
been given
or made
for all
purposes
 upon
receipt
of such
written
notice
or communication.
Notices
to each
party shall
be sent
to the
address
set forth
below
the party's
signature
on the
signature
page of this
Agreement.
Either
party hereto
may change
the
address
to which
such communications
are
to be directed
by giving
written
notice
to the
other
party
hereto
of such
change in
the
manner provided
above.

 

b.
Entire Agreement.
 This
Agreement
and any documents attached hereto
as Exhibits constitute
the entire agreement
and understanding
between
the parties
with respect to the
subject matter
herein and therein,
and supersede
and replace
any and all
prior
agreements
and understandings,
whether
oral
or written
with
respect
to such
matters.
 The
provisions
of this
Agreement
may
be waived,
altered,
amended
or replaced
in whole
or in
part
only upon
the
written
consent
of both
parties
to this
Agreement.

 

c.
Severability, Enforcement. If,
for any reason, any provision of this Agreement
shall be determined
to be
invalid
or inoperative,
the
validity
and effect
of the
other provisions
herein
shall
not be
affected
thereby,
provided
that
no such severability
shall
be effective
if it causes
a material
detriment
to any party.

 

d.
 Governing Law. 
The validity, interpretation, enforceability, and performance of
this

Agreement
shall
be governed
by and construed
in accordance
with the
laws
of the
State
of Florida.
Venue for
any and
all
disputes
arising
out of
this
Agreement
shall
be the
City of
Palm Beach, State
of Florida.

 

e. Injunctive Relief.  The parties agree that in the event of any breach or threatened breach of any of the covenants in Section 4, the damage or imminent damage to the value and the goodwill of Company's business will be
irreparable and extremely difficult to estimate, making any remedy at law or in damages
inadequate. Accordingly,
the parties agree
that Company
shall be entitled
to injunctive
relief against Advisor in the event of any breach or threatened breach of any such provisions by Advisor, in addition to any other relief (including damages) available to Company under this Agreement or under applicable state or federal law.

 

f.
Publicity.
The Company shall, with
prior written approval by Advisor, have the right to use
the name,
biography
and picture
of Advisor
on the Company’s
website,
marketing
and advertising
materials.

    	(3)

    	 

    

Date.

 

IN
WITNESS
WHEREOF,
each party
hereto
has duly executed
this
Agreement
as of the
Effective

 

 

 

	COMPANY	 	 
	800 COMMERCE INC.	 	ADVISORY BOARD MEMBER
	 	 	 
	Signature	 	Signature
	Name	 	Name

 

 

 

 

    	(4)

    	 

    

Exhibit
A to
Advisory
Board Agreement

 

 

Services.

 

As
a member
of the
Advisory
Board,
you shall:

 

v
 Participate
in monthly
Advisory
calls which
will
last
no more
than 1
hour

v
 Participate
in annual
full day
retreat

v
 Be
accessible
to Company
to provide
guidance
on business
and technology
strategy
issues
on an
as-needed
basis

 

Compensation.

 

The
Company
shall
issue
Advisor
a non-qualified
stock
option
to purchase
800,000 shares
(“Option
Shares”)
of the
Company's
common
stock at
an exercise
price
equal to thirty
cents ($0.30)
per share
(which
is the
current
value
of each
share).
The Option
Shares
shall
vest
as follows:
provided
this
Agreement
remains
in effect,
200,000 shares
shall
vest immediately
and the
remaining
600,000 Option
Shares
shall
vest at
the rate
of

50,000 shares
per month
on the
last
day of
each month
over 12
consecutive
months.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]