Document:

ex101.htm

    Exhibit 10.1

     

    Consulting
Agreement

     

    This
consulting agreement (the “Agreement”), entered
into on February 18, 2010 and effective immediately, Worldwide Energy and
Manufacturing USA, Inc. a Colorado corporation (together with any successor
thereto, the “Company”), and Gerald
DeCiccio, an independent provider of services (the “Contractor”).

     

    RECITALS

     

    A.           The
Company desires to assure itself of the services of the Contractor, as an
independent contractor, by engaging the Contractor to perform services under the
terms hereof.

     

    B.           The
Contractor desires to provide services to the Company, as an independent
contractor, on the terms herein provided.

     

    C.           The
Company and Contractor have agreed that this Agreement shall replace in the
entirety any and all prior written and verbal contractual agreements between the
Company and the Contractor.

     

    AGREEMENT

     

    NOW,
THEREFORE, in consideration of the foregoing and of the respective covenants and
agreements set forth below the parties hereto agree as follows:

     

    1. Certain
Definitions.

     

    (a) “Stock Award” shall
have the meaning set forth in Section 3.

     

    (b) “Board” shall mean the
Board of Directors of the Company.

     

    (c) “Company” shall,
except as otherwise provided in Section 5(b), have the meaning set forth in the
preamble hereto.

     

    (d) “Contractor” shall
have the meaning set forth in the preamble hereto.

     

    (e) “Effective Date” shall
mean February 18, 2010

     

    (f) “Term” shall have the
meaning set forth in Section 2(b).

     

    2. Consulting.

     

    (a) In
General.  The Company shall engage the Contractor and the
Contractor shall perform services on behalf of the Company upon the other terms
and conditions herein provided.

     

    (b) Term of
Agreement.  The term under this Agreement (the “Term”) shall be for
the period beginning on the Effective Date and ending on February 18, 2011, with
provisions for renewal. Either party can cancel this agreement with 45 days
written notice.

     

    (c) Position and
Duties.  During the Term, the Contractor shall provide services
to the Company as Chief Financial Officer.  The Contractor will report
directly to the President but will maintain “dotted line” relationship to the
CEO and Auditing Committee; and agrees to observe and comply with the Company’s
rules and policies as adopted by the Company from time to time.

     

    
      
        
        

      

      
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    3. Compensation
and Related Matters.

     

    (a) Cash.           The
Contractor will receive cash consideration of $54,000/year for services provided
to be paid monthly, on the last business day of the month.

     

    (b) Stock
Awards.  The Contractor will also be compensated with WEMU
common restricted shares valued $50,000 annually.  This stock will be
issued twice per year ($25,000 worth of shares) corresponding to your 6-month
anniversaries (August 18, 2010 and February 18, 2011).  The number of
shares will be calculated by using the average closing price of WEMU shares for
the five business days preceding your 6-month anniversary
date.  Actual issuance will occur within 5 business days of your
anniversary dates.

     

    (c) Expenses.  Company
agrees to pay all incidental costs and expenses associated with service provided
by Consultant.  Such expenses are separate from cash compensation as
set out above, and include, but are not limited to, such incidental costs and
expenses as traveling, lodging, telephone/cell phone charges and other
reasonable expenses.

     

    4. Duties and Responsibilities
(including but not limited to)

     

    (a) Responsibility
for directing and managing the accounting departments, both in the US and in
China,

     

    (b) Financial
reporting mechanisms as required by SEC, or our external auditors ,and to
satisfy  internal requests made by management or the BOD,

     

    (c) Internal
Monthly financial reporting tools,

     

    (d) Quarterly
and Annual consolidations,

     

    (e) Investor
Relations as it pertains to our IR firm, earnings calls and the
like,

     

    (f) Assist
with the implementation of internal controls to comply with all required aspects
of SOX 404,

     

    (g) Assist in
any duties required for listing on AMEX,

     

    (h) Other
financial analysis required for acquisitions, investments and the
like.

     

    5. Restrictive
Covenants.

     

    (a) Confidentiality.  The
Contractor agrees that he will not, during the Term or thereafter, divulge to
anyone (other than the Company or any persons designated by the Company) any
knowledge or information of any type whatsoever of a confidential nature
relating to the business of the Company, including, without limitation, all
types of trade secrets, business strategies, marketing, sales and distribution
plans.  The Contractor further agrees that he will not disclose,
publish or make use of any such knowledge or information of a confidential
nature (other than in the performance of the Contractor’s duties hereunder)
without the prior written consent of the Company.  This provision does
not apply to information which becomes available publicly without the fault of
the Contractor or information which the Contractor is required to disclose in
legal proceedings, provided the Contractor gives advance notice to the Board and
an opportunity to for the Company to resist such disclosure.

     

    (b) Interpretation.  In
the event the terms of this Section 5 shall be determined by any court of
competent jurisdiction to be unenforceable by reason of its extending for too
great a period of time or over too great a geographical area or by reason of its
being too extensive in any other respect, it will be interpreted to extend only
over the maximum period of time for which it may be enforceable, over the
maximum geographical area as to which it may be enforceable, or to the maximum
extent in all other respects as to which it may be enforceable, all as
determined by such court in such action.  As used in this Section 5,
the term “Company” shall
include the Company, its parent, related entities, and any of its direct or
indirect subsidiaries or affiliates.

     

    
      
        
        

      

      
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    6. Representations
and Warranties of Contractor.  The Contractor represents and
warrants that the Contractor is not a party to any other Consulting agreement,
noncompetition agreement or other agreement which restriction could interfere
with the Contractor’s Consulting with the Company or the Company’s rights and
the Contractor’s obligations hereunder and that the Contractor’s acceptance of
Consulting with the Company and the performance of the Contractor’s duties
hereunder will not breach the provisions of any contract, agreement or
understanding to which the Contractor is party or any duty owed by the
Contractor to any other person or entity.

     

    7. Information
of Others.  The Contractor agrees that Contractor will not,
during his Consulting or service with the Company, use or disclose any
confidential or proprietary information or trade secrets of any former or
concurrent engager or other person or entity and that Contractor will not bring
onto the premises of the Company any unpublished document or other confidential
or proprietary information belonging to any such engager, person or entity
unless consented to in writing by such engager, person or entity.

     

    8. Injunctive
Relief.  The Contractor recognizes and acknowledges that a
breach of the covenants contained in Section 5 will cause irreparable damage to
Company and its goodwill, the exact amount of which will be difficult or
impossible to ascertain, and that the remedies at law for any such breach will
be inadequate.  Accordingly, the Contractor agrees that in the event
of a breach of any of the covenants contained in Section 5, in addition to any
other remedy which may be available at law or in equity, the Company will be
entitled to specific performance and injunctive relief.

     

    9. Governing
Law.  This Agreement shall be governed, construed, interpreted
and enforced in accordance with the substantive laws of the State of California,
without reference to the principles of conflicts of law of the State of
California or any other jurisdiction, and where applicable, the laws of the
United States. Venue is established in California and both parties hereto
irrevocable submit themselves to venue therein.

     

    10. Dispute
Resolution.  Any controversy or claim
arising out of or relating to this Agreement shall be resolved by arbitration
before a panel of one arbitrator in accordance with the Commercial Arbitration
Rules of the American Arbitration Association (“AAA”) then pertaining, except
where those rules conflict with this provision, in which case this provision
controls.  Any court with jurisdiction shall enforce this clause and
enter judgment on any award.  The arbitrator shall be selected within
twenty business days from commencement of the arbitration from the AAA’s
National Roster of Arbitrators pursuant to agreement or through selection
procedures administered by the AAA.  Within 45 days of initiation of
arbitration, the parties shall reach agreement upon and thereafter follow
procedures, including limits on discovery, assuring that the arbitration will be
concluded and the award rendered within no more than eight months from selection
of the arbitrator or, failing agreement, procedures meeting such time limits
will be designed by the AAA and adhered to by the Parties.  The
arbitration shall be held in California and the arbitrators shall apply the
substantive law of California, except that the interpretation and enforcement of
this arbitration provision shall be governed by the Federal Arbitration
Act.  Prior to commencement of arbitration, emergency relief is
available from any court to avoid irreparable harm.  The arbitrator
shall not award either party punitive, exemplary, multiplied or consequential
damages, or attorneys’ fees or costs.

     

    Notwithstanding the
foregoing, the parties acknowledge and agree that the other party would be
irreparably harmed if any of the provisions of this Agreement are not performed
in accordance with their specific terms and that any breach of this Agreement
could not be adequately compensated in all cases by monetary damages
alone.  Accordingly, in addition to any other right or remedy to which
such parties may be entitled at law or in equity, they shall be entitled to
enforce any provision of this Agreement by a decree of specific performance and
to temporary preliminary and permanent injunctive relief in any court of
competent jurisdiction to prevent breaches or threatened breaches of any of the
provisions of this Agreement.

     

    11. Counterparts.  This
Agreement may be executed in several counterparts, each of which shall be deemed
to be an original, but all of which together will constitute one and the same
Agreement.

     

    12. Entire
Agreement.  The terms of this Agreement are intended by the
parties to be the final expression of their agreement with respect to the
Consulting of the Contractor by the Company and may not be contradicted by
evidence of any prior or contemporaneous agreement.  This Agreement
(together with any other agreements and instruments contemplated hereby or
referred to herein) shall supersede all undertakings or agreements, whether
written or oral, previously entered into by the Contractor and the Company or
any predecessor thereto or affiliate thereof with respect to the Consulting of
the Contractor by the Company.  The parties further intend that this
Agreement shall constitute the complete and exclusive statement of its terms and
that no extrinsic evidence whatsoever may be introduced in any judicial,
administrative, or other legal proceeding to vary the terms of this
Agreement.

     

    [Signature
Page Follows]

     

    
      
        
        

      

      
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    IN
WITNESS WHEREOF, the parties have executed this Agreement on the date and year
first above written.

     

    
      
        	 	Worldwide
      Energy and Manufacturing USA, Inc.	 
	 	 	 	 
	
                 

              	
                By:

              	/s/
      Jeff Watson	 
	 	 	Name: Jeff Watson	 
	 	 	Title: President	 
	 	 	 	 

      

    

    
    

    
      
        	 	CONTRACTOR:	 
	 	 	 	 
	
                 

              	By:	/s/
      Gerald DeCiccio	 
	 	 	Gerald
      DeCiccio	 
	 	 	 	 
	 	 	 	 

      

    

     

     

     

     

    4rgglobal_10q-ex0401.htm

 

    
      

    

    Exhibit
4.1

     

    
      R.G.
Global Lifestyles, Inc

      2345 W.
Foothill Blvd., Ste. 7

      Upland,
CA 91786

      United
States of America

      

      January
5, 2010

      

      Dear
Sirs

      

      US$150,000.00
Unsecured Convertible Short-Term Loan Facility

      I, Horst
Franz Geicke, (the "Lender"), am pleased to
confirm that have agreed to make a convertible short-term loan facility to R.G.
Global Lifestyles, Inc (the “Borrower”) on the following
terms and conditions:-

      

      1. Amount: The principal amount
of the convertible loan is US$150,000.00 (the "Loan").

      

      2. Availability: The Loan shall
be available to the Borrower by way of Lender’s approved drawings (each a "Drawing"), which shall be
denominated (and accordingly repayable) in US dollars. Subject to the Lender
confirming to the Borrower that the conditions precedent set out in paragraph 6
below have been satisfied or waived by Lender, the first Drawing shall be made
available to the Borrower By January 5, 2010 and the remaining Drawings shall be
made available to the Borrower as the Borrower may select by giving at least 2
days' prior written notice to the Lender. Any expenses over US$1,000 shall
require the Lender’s approval. The Borrower shall pay all bank and transfer
charges in connection with such payment and such charges shall be deemed to have
been drawdown and shall form part of the dollar amount of the Loan. Any part of
the facility not drawdown by July 31, 2010 shall be cancelled.

      Drawings
shall be deposited to the bank account requested by the Borrower as stated in
the Drawing notice):

      

      3. Interest rate: Interest will
begin accruing upon the first drawdown at a rate of 11%.

      

      4. Repayment: Subject to
paragraph 7 below, the aggregate outstanding amount of all the Drawings shall be
repayable by the Borrower to the Lender on or prior to 12 months from the first
Drawdown, (the "Maturity
Date"). Notwithstanding any other provisions of this letter, for a period
of twelve months which starts on the date of the first drawdown, in lieu of
repayment, the Lender has the right but not the obligation to roll the entire
outstanding principal amount of all the Drawings into Common Stock at a
conversion rate of $0.01/share.

      
5. Payment: All payments to be
made by the Borrower to the Lender in respect of the Drawings
shall be made by the Borrower in US dollars to the Lender’s designated bank
account free and clear of and without deduction of or on account of any present
or future taxes, set-off, counterclaims or other deductions or
withholdings.

       

       

      
        
           

        

        
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      6. Conditions precedent: As a
condition precedent to the Lender’s commitment to make the Loan to the Borrower,
the Borrower will:-

      

      6.1.
Facility letter:
acknowledge its understanding and acceptance of the terms of this letter
by signing and delivering to the Lender the duplicate of this letter;
and

      

      6.2.
Approvals: provide us
with a copy, certified as true, complete and up to date by the Borrower’s duly
authorized officer a resolution of the

      Borrower’s
board of directors, in approving and authorizing the signing of this letter (and
other documents related thereto).

      

      7. Conversion:

      

      7.1.
Conversion: Subject to
paragraph 8, at any time Subsequent to the first drawdown, the Lender shall be
entitled (but not obliged), by way of giving a written notice (the "Conversion Notice") to the
Borrower, to require the Borrower to convert all (but not part) of the
outstanding principal amount of all the Drawings into Common Stock in lieu of
the Borrower making repayment of the principal amount in relation to the
Drawings.

      

      7.2.
Conversion mechanics: If
the Drawings are to be converted into the Conversion
Shares pursuant to paragraph 7.1 above, then, within 14 days from obtaining the
necessary regulatory approval (if required), or if no regulatory approval is
required, within 7 days of the date of the Conversion Notice:-

      

      7.2.1.
Transfer of Conversion Shares:
the Borrower shall transfer to the Lender
(or to such person as we may direct) the Conversion Shares in
respect of such conversion;

      

      7.2.2.
Deemed repayment: upon
and by virtue of the completion of the transfer of the Conversion Shares in
accordance with this letter, the outstanding Drawings to be converted by such
conversion shall be deemed repaid.

      

      8. Compulsory repayment: At any
time after the Maturity Date and the Lender opts not to serve the Conversion
Notice to the Borrower, notwithstanding any other provisions of this letter the
Drawings made by the Borrower on such Drawings shall be immediately due and
payable by the Borrower on demand by the Lender on the Borrower in the event
that (a) any order is made, proceedings commenced or resolution passed for the
winding-up or dissolution or liquidation of the Borrower or for the appointment
of a receiver or liquidator in respect of any of the Borrower’s assets, (b) the
Borrower fails to pay an amount due under this letter, and/or (c) the Borrower
fails to comply with any of the Borrower's obligations and/or undertaking under
this letter.

      

      9. Undertaking: The Borrower
undertakes that following the exercise of the Lender’s conversion right under
paragraph 7 above, the Conversion Shares shall be transferred to the Lender (or
such person as Lender may direct) free from all and any encumbrance and third
party rights.

      

      10. Indemnities: You will
indemnify Lender against all losses and expenses which Lender incur as a result
of Borrower’s failure (a) to pay any amount due under this letter on the due
date or (b) to comply with any of Borrower’s obligations and/or undertaking
under this letter.

       

      
        
           

        

        
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      11. Miscellaneous

      

      11.1.
Waivers: No failure or
delay in exercising on Lender’s part any right under this letter shall operate
as a waiver of such right, nor shall any single or partial exercise of any right
preclude any further exercise of such right, or the exercise of any other right.
No waiver by Lender shall be effective unless it is in writing.

      

      11.2.
Remedies cumulative:
Lender’s rights and remedies under this letter are cumulative and not
exclusive of any rights and remedies provided by law.

      

      11.3.
Assignment: This letter
shall be binding upon and ensure to the benefit of each party to this letter and
its and any subsequent successors and permitted assigns. Any reference in this
letter to any party shall be construed accordingly.

      

      11.4.
Notices: Each notice or
other communication by us to the Borrower may be given by addressing the same to
R.G. Global Lifestyles’, Inc, Attn: Grant King, 2345 W. Foothill Blvd., Ste. #7,
Upland, CA 91786, USA, or such other address as the Borrower may inform us of
for this purpose. Each notice or other communication by the Borrower to Lender
may be given by addressing the same to Horst Geicke, 31592 Vinedo, Coto De Caza,
CA 92679, or such other address as we may inform the Borrower of for this
purpose as we may inform the Borrower of for this purpose. Any such notice or
other communication shall be deemed given when left at the address mentioned
above (if so delivered) or 7 days after posting (postage prepaid) addressed as
required above (if posted).

      

      11.5.
Severability: Each of
the provisions of this letter shall be severable from one another and if at any
time any one or more of such provisions (or any part) is or becomes invalid,
illegal or unenforceable the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired.

      

      11.6.
Entire Agreement:
Borrower acknowledges that this letter sets out the entire agreement
between both parties in relation to this loan facility and that the provisions
of this letter supersede any correspondence, discussion, representations,
statements or agreements between parties prior to acceptance of this
letter.

      

      11.7.
Timings: All references
in this letter to a time of day shall, in the absence of any express statement
to the contrary, be a reference to Hong Kong time. A reference to a ‘business
day’ shall mean a day, other than Saturday or Sunday, on which banks are open
for retail business in Hong Kong.

       

      11.8.
Further Assurance: You
will at your own cost and at Lender’s request execute any deed or document or
take any action required by Lender to perfect or protect any security for the
Loan or to give effect to the matters contemplated by this facility
letter.

      

      11.9.
Law: The Loan and the
terms of this letter shall be governed by and construed in all respects in
accordance with Hong Kong law. Each party to this letter agrees that any legal
action or proceedings arising out of or in connection with this letter may be
brought in courts of Hong Kong and irrevocably submits to the non-exclusive
jurisdiction of such courts.

      

      

      
        
           

        

        
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      Lender
acknowledges understanding of and confirms acceptance of and agreement to the
terms and conditions of this letter by signing the form of acceptance on the
enclosed copy of this letter and returning that copy to Borrower.

      

      

      Lender

      

      
      

      
        
          	
                  /s/ Horst Franz Geicke         

                	 
      	_______________________
	
                  Horst
      Franz Geicke

                	 
      	
                  Date

                

        

      

      
        
           

        

        
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      Borrower
hereby confirms acceptance of a loan facility of up to US$150,000.00 to be made available to
Borrower by 15th of
December 2009 and agrees that such loan facility shall be governed by the terms
and conditions of the letter of even date herewith from Borrower to Lender of
which the above is a copy.

      

      
      

      RG Global
Lifestyles, Inc.

      

      
        

        
        

        
          
            	
                    /s/ Grant King            

                  	 
      	_______________________
	
                    Grant
      King, CEO

                  	 
      	
                    Date

                  

          

         

         

         

         

         

         

         

        
          
             

          

          
            5

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