Document:

Exhibit 10.10

    

      Joint
        Venture Deal Memorandum

      

      By
        and
        Between Livestar Entertainment Events International Inc. (“Livestar”) and A.C.D.
        Inc. d/b/a Coolworld Entertainment (“Coolworld”)

      

      The
        parties agrees as follows as the terms of this Joint Venture Deal Memorandum
        (“Memorandum”).

      

      Whereby
        the parties are desirous to enter into a mutually beneficial business
        arrangement (the “Joint Venture”) whereby: 

      

      A.
        the
        parties will under their respective Joint Venture responsibilities provide
        certain production support to Cyberfest October 9, 2004 in San Francisco,
        CA and
        Revolution, October 30, 2004 in Miami, FL and Planet New Year, December 31,
        2004, San Francisco, CA (the “Joint Venture Events”) and;

      

      B.
        the
        parties will endeavor to grow the Joint Venture to encompass other events
        and
        execute certain options and rights under this Joint Venture. 

      

      
        	1.  	
                Term

              

      

      

      
        	a.  	
                The
                  Joint Venture will have a term of six (6) months, with a renewable
                  term of
                  six (6) months that may be enacted only upon mutual agreement of
                  the
                  parties. 

              

      

      

      
        	b.  	
                Either
                  party can terminate this Memorandum with 30 days notice providing
                  that if
                  a Joint Venture Event is in development or production that the
                  Joint
                  Venture will remain in force until the closing of the Joint Venture
                  Event
                  and the termination will affect all other Joint Venture activities.
                  

              

      

      

      
        	c.  	
                Both
                  parties agree to provide to the other party 14 days to remedy any
                  action
                  that may be deemed as a default of any of the provisions hereunder.
                  If
                  remedies cannot be reached through this provision, Section eleven
                  (11)
                  will be enacted. 

              

      

      

      
        	2.  	
                Joint
                  Venture Responsibilities of Livestar. Livestar
                  agrees to provide the following production support to the Joint
                  Venture:

              

      

      

      
        	a.  	
                Livestar
                  to commit to co-producing the Joint Venture
                  Events.

              

      

      

      
        	b.  	
                Livestar
                  will provide the following capital to the Joint
                  Venture:

              

      

      
        	i.  	
                providing
                  of up to $300,000 for production costs as per the following schedule;
                  

              

      

      
        	ii.  	
                September
                  21, 2004$50,000

              

      

      
        	iii.  	
                September
                  30, 2004$100,000

              

      

      
        	iv.  	
                October
                  14, 2004$75,000

              

      

      
        	v.  	
                October
                  28, 2004$75,000

              

      

      Livestar
        will use best efforts to provide the aforementioned capital as per the above
        schedule and as a schedule requested by Coolworld. (see Schedule A)

      

      
        	c.  	
                Livestar
                  will provide co-production staff in the capacities of executive
                  production, administration marketing/promotional support and accounting.
                  

              

      

      

      
        	3.  	
                Joint
                  Venture Responsibilities of Coolworld.
                  Coolworld agrees to provide the following to the Joint
                  Venture:

              

      

      

      
        	a.  	
                Coolworld
                  will provide to the Joint Venture Events ;executive production,
                  production, talent buying,
                  marketing.

              

      

      

      
        	4.  	
                Joint
                  Venture Marketing Arrangement.
                  The Parties agree to the following Joint Venture Marketing agreement.
                  (Both Parties agree that the following may be altered to include
                  additional items upon mutual agreement):

              

      

      

      
        	a.  	
                Coolworld
                  will provide to Livestar placement of the Livestar Logo and credit
                  as
                  co-Presenter and co-Production Partner on the
                  following;

              

      

      
        	i.  	
                on
                  all marketing materials regarding each Joint Venture Event or Future
                  Joint
                  Venture Event 

              

      

      
        	ii.  	
                on
                  all tickets or passes of each Joint Venture Event or Future Joint
                  Venture
                  Event 

              

      

      
        	iii.  	
                on
                  the Coolworld website or Website for each Joint Event or Future
                  Joint
                  Venture Event

              

      

      
        	iv.  	
                on
                  all backdrops (ie the “Stand and Turn” back drop for the photo area of any
                  Joint Venture Event or Future Joint Venture Event
                  

              

      

      
        	v.  	
                placement
                  of 

              

      

      

      
        	b.  	
                Livestar
                  will provide to Coolworld placement of the Coolworld Logo and credit
                  as
                  co-Presenter and co-Production Partner on the
                  following;

              

      

      
        	i.  	
                on
                  all marketing materials regarding each Joint Venture Event or Future
                  Event
                  the Livestar produces

              

      

      
        	ii.  	
                on
                  the Livestar consumer site and in the partners section of the Livestar
                  corporate site 

              

      

      

      
        	c.  	
                Both
                  Parties agree to mutual work to provide both Parties will equitable
                  exposure in the marketing of each Joint Venture Event or Future
                  Joint
                  Venture Event. For example, the placement of Coolworld and Livestar
                  signage at locations during each Joint Venture Event or Future
                  Joint
                  Venture Event. 

              

      

      

      
        	5.  	
                Joint
                  Venture Corporate Structure.
                  A
                  new Corporation (New Co) will be formed for the Joint Venture.
                  

              

      

      
        	a.  	
                New
                  Co will be owned as per the following structure:
                  

              

      

      
        	i.  	
                Livestar
                  51% of the common stock 

              

      

      
        	ii.  	
                Coolworld
                  49% of the common stock 

              

      

      

      
        	b.  	
                Corporate
                  Governance will be set in place as mutually agreed by the parties,
                  including but not limited to, the
                  following:

              

      

      
        	i.  	
                Sason
                  Parry will be set as a shareholder w/
                  Liability

              

      

      
        	ii.  	
                A
                  separation agreement will be set
                  up.

              

      

      
        	iii.  	
                Shareholder
                  agreements will be set up.

              

      

      

      
        	c.  	
                All
                  accounting for the Joint Venture will be done as per a structure
                  determined by the accounting staff of Livestar. The structure will
                  keep in
                  mind the spirit of the Joint Venture but both parties acknowledge
                  of the
                  structure will be set up to be public company compliant as per
                  Livestar’s
                  accounting policies and procedures.

              

      

      

      
        	d.  	
                Dividends
                  of each New Co will be paid as following:

              

      

      
        	i.  	
                Livestar
                  50% 

              

      

      
        	ii.  	
                Coolworld
                  50% 

              

      

      

      
        	6.  	
                Joint
                  Venture Rights.
                  Livestar has the intent to execute many or all of the following
                  rights
                  afforded to it by Coolworld under this Memorandum. Livestar plans
                  to,
                  under the right conditions, exercise its rights of many of all
                  of the
                  following rights within 6 months of the execution of this Memorandum.
                  Additionally, if Livestar exercises any of the rights or options
                  it has
                  retained hereunder additional agreements will be finalized pertaining
                  to
                  the particular right or rights under mutual acceptable terms by
                  Livestar
                  and Coolworld. 

              

      

      

      
        	a.  	
                Livestar
                  retains first right of refusal to joint venture with Coolworld
                  in regards
                  to future Coolworld events (Future Joint Venture
                  Events).

              

      

      

      
        	b.  	
                Livestar
                  has first right of refusal to purchase 100% of
                  Coolworld.

              

      

      

      
        	c.  	
                Livestar
                  has first right to hire Sason Parry as Staff in the capacity
                  of:

              

      

      
        	i.  	
                Employee
                  or;

              

      

      
        	ii.  	
                Exclusive
                  consultant

              

      

      
        	iii.  	
                Both
                  of the above capacities may involve duties and responsibilities
                  pertaining
                  to Events and Establishment development under Livestar’s sister company
                  Livestar Entertainment Establishments Ltd.

              

      

      

      
        	d.  	
                Livestar
                  has the option of retaining Sason Parry or Coolworld in it’s events under
                  3 main auspices:

              

      

      
        	i.  	
                Joint
                  venture partner with Coolword or Sason
                  Parry

              

      

      
        	ii.  	
                Hire
                  Sason Parry as Partial Joint Venture
                  partner

              

      

      
        	iii.  	
                Hire
                  Sason Parry or Coolworld as a Consultant / Producer
                  

              

      

      

      
        	e.  	
                This
                  Joint Venture is to be exclusive. Sason Parry will in no way compete
                  with
                  any Events that he will be producing or in any way associated with
                  while
                  partnered with Livestar. Sason Parry and Coolworld agree to not
                  do any
                  competing events on the same dates as the projects discussed and
                  Sason
                  Parry and Coolworld will not directly compete with any project
                  that Sason
                  Parry or Coolworld is producing or involved in with Livestar or
                  the Joint
                  Venture.Sason Parry will not be involved with any other productions
                  during
                  the joint venture agreement unless approved by
                  Livestar.

              

      

      

      
        	f.  	
                Livestar
                  will have the right of first refusal to purchase up to 50/50 ownership
                  of
                  the Event Intellectual property for the Events discussed in Section
                  1.
                  

              

      

      

      
        	g.  	
                Livestar
                  will have the right of first refusal to coordinate, produce and
                  market
                  Coolworld, Joint Venture Event and Future Joint Venture Event
                  Merchandise.

              

      

      

      
        	7.  	
                Joint
                  Venture to include a Liability section. Should any event in operation
                  suffer losses, Livestar, assumes risk up to amount of capital investment,
                  and Sason Parry/Coolworld will assume 50% risk beyond the amount
                  of
                  investment for The Joint Venture Events and any other events produced
                  under the Joint Venture. This risk amount assumed by Sason Parry/Coolworld
                  will be carried over against future profits owed to Mr. Parry/Coolworld
                  and will be subtracted in accordance with this agreement. These
                  losses
                  will carry over until the termination of this Memorandum.
                  

              

      

      

      
        	8.  	
                Press
                  Releases.
                  Livestar will have the right to issue press releases regarding
                  this
                  Memorandum, Results of the Event (i.e. photos, ratings, etc.).
                  Livestar
                  will also have the right to refer to itself as the Event Production
                  Partner in its press releases and on its marketing materials and
                  website.
                  

              

      

      

      
        	9.  	
                Other
                  Agreements.
                  Upon execution of this Memorandum the parties will if required
                  by Livestar
                  execute a Formal Joint Venture Agreement (“Agreement”) specifying with
                  more detail and formality the terms of this Memorandum.
                  

              

      

      

      
        	10.  	
                Governing
                  Law.
                  This Memorandum is governed by the Laws of the State of
                  Nevada. 

              

      

      

      
        	11.  	
                Dispute
                  Resolution.
                  Any dispute arising under this Letter of Intent shall be resolved
                  by
                  binding arbitration conducted in Las Vegas, Nevada under the rules
                  of the
                  American Arbitration Association with the prevailing party entitled
                  to
                  reimbursement of reasonable attorney’s fees and costs. 

              

      

      

      
        	12.  	
                Authority.
                  Each of the parties represents that they have the authority to
                  enter into
                  this transaction and that such act will not be a violation of any
                  agreement to which they are a party. Time is of the essence for
                  all
                  transactions subject to this Memorandum.

              

      

      

      
        	13.  	
                Execution
                  by Facsimile.
                  This Memorandum may be signed by faxed counterparts which, when
                  taken
                  together, shall represent the original of this
                  Memorandum.

              

      

      

      

      

      Agreed
        and Accepted: 

       

      
        

          
            	 	 	 
	 	
                    Livestar
                      Entertainment Events International, Inc.

                  
	 	 	 
	
                    Dated:
                      October 1, 2004

                  	
                    By:
                      

                  	
                    /s/
                      Livestar Entertainment Events International, Inc. 

                  
	 	 	
                    Livestar
                      Entertainment Events International, Inc. 

                  
	 	 	 

          

           

          

          
            	 	 	 
	 	
                    A.C.D.
                      Inc. d/b/a Coolworld Entertainment 

                  
	 	 	 
	
                    Dated:
                      October 1, 2004

                  	
                    By:
                      

                  	
                    /s/
                      A.C.D. Inc. d/b/a Coolworld Entertainment 

                  
	 	 	
                    A.C.D.
                      Inc. d/b/a Coolworld Entertainment 

                  
	 	 	 

          

           

          

          
            	 	 	 
	 	
                    Sason
                      Parry

                  
	 	 	 
	
                    Dated:
                      October 1, 2004

                  	
                    By:
                      

                  	
                    /s/
                      Sason Parry

                  
	 	 	
                    Sason
                      Parry

                  
	 	 	 

          

          

        

      

      

      

      Schedule
        A 

      

      As
        per
        Section 2b: 

      Sept.
        16:
        $50K 

      Sept.
        30-$100K 

      Oct.
        14-
        $100K 

      Oct.
        25-
        $50K 

      

    

     

     

    
      
        

          Addendum
            to Joint Venture Deal Memorandum

          

          This
            Addendum dated October 1, 2004 is an Addendum to the Joint Venture Deal
            Memorandum By and Between Livestar Entertainment Events International
            Inc.
            (“Livestar”) and A.C.D. Inc. d/b/a Coolworld Entertainment (“Coolworld”) dated
            September 20, 2004. 

          

          The
            parties agree as follows regarding the formation and structure of the
            New Co.:

          
            	1.  	
                    New
                      Co formation 

                  

          

          Livestar
            will form a New Co in the State of Nevada under the name Live and Cool
            One Inc.
            (LCOI) to be the corporation for the business to be conducted by the
            parties
            under the Joint Venture. 

          

          
            	2.  	
                    Directors

                  

          

          
            	o  	
                    Ray
                      Hawkins (from Livestar)

                  

          

          
            	o  	
                    Edwin
                      Kwong (from Livestar)

                  

          

          
            	o  	
                    Sason
                      Parry (from Coolworld)

                  

          

          

          
            	3.  	
                    Officers

                  

          

          
            	o  	
                    President
                      - Ray Hawkins 

                  

          

          
            	o  	
                    Secretary
                      - Sason Parry 

                  

          

          
            	o  	
                    Treasurer
                      - Edwin Kwong 

                  

          

          

          
            	4.  	
                    Shareholders
                      -

                  

          

          
            	o  	
                    Livestar
                      - 51% 

                  

          

          
            	o  	
                    Coolworld
                      - 49% 

                  

          

          

          
            	5.  	
                    Dividends
                      from Profits will be paid out as per the following (this supercedes
                      Section 5d
                      of
                      the Memorandum): 

                  

          

          
            	o  	
                    Livestar
                      - 51% 

                  

          

          
            	o  	
                    Coolworld
                      - 49%

                  

          

          

          
            	6.  	
                    Signing
                      Officers on Bank Account 

                  

          

          
            	o  	
                    The
                      Company will open a Bank Account at the Bank of America. Sason
                      Parry and
                      either Ray Hawkins or Edwin Kwong will be signing officers
                      on the Bank
                      Account. 

                  

          

          

          
            	7.  	
                    Event
                      Production under LCOI 

                  

          

          
            	o  	
                    LCOI
                      will produce the events mentioned in Section A of the Memorandum.
                      

                  

          

          

          

          Agreed
            and Accepted: 

          

          
            
              	 	 	 
	 	
                      Livestar
                        Entertainment Events International, Inc. 

                    
	 
 	 
 	 
 
	Dated:
                      October 1, 2004	By:  	/s/ 
                      Livestar
                      Entertainment Events International, Inc. 
	 	
                      

                      Livestar
                        Entertainment Events International, Inc. 

                    
	 	 

            

            
              	 	 	 
	 	A.C.D.
                      Inc. d/b/a Coolworld Entertainment  
	 
 	 
 	 
 
	Dated:
                      October 1, 2004	By:  	/s/ A.C.D.
                      Inc. d/b/a Coolworld Entertainment  
	 	
                      
A.C.D.
                      Inc. d/b/a Coolworld Entertainment  
	 	 

            

            
              	 	 	 
	 	Sason
                      Parry
	 
 	 
 	 
 
	Dated:
                      October 1, 2004	By:  	/s/ Sason
                      Parry
	 	
                      
Sason
                      ParryEXHIBIT 4.1

                              FORM OF COMMON STOCK

Number                                                         Shares

                            NETSOL TECHNOLOGIES, INC.

INCORPORATED UNDER THE LAWS                                    CUSIP
OF THE STATE OF NEVADA

THIS CERTIFIES THAT
--------                                                       --------

Is the owner of

   FULLY PAID AND NON-ASSESSABLE 25,000,000 AUTHORIZED SHARES COMMON SHARES,
                               PAR VALUE $001, OF

                            NETSOL TECHNOLOGIES, INC.

Transferable only on the books of the Company in person or by duly authorized
attorney upon surrender of this Certificate properly endorsed. This Certificate
is not valid unless countersigned and registered by the Transfer Agent and
Registrar.

IN WITNESS WHEREOF, the said Company has caused this Certificate to be executed
by the facsimile signatures of its duly authorized officers and to be sealed
with the facsimile seal of the Company.

Dated:

/s/Patti L. W. McGlasson                  /s/Naeem Ghauri
CORPORATE SECRETARY      COMPANY SEAL   CHIEF EXECUTIVE OFFICER

<PAGE>

The Corporation will furnish to any stockholder upon request and without charge,
a statement of the powers, designations preferences and relative participating
optional or other special rights of each class of stock or series thereof and
the qualifications, limitations restriction of such preferences and/or rights,
so far as the same shall have been fixed, and of the authority of the Board of
Directors to designate and fix any preferences, rights and limitations of any
wholly unissued series. Any such requests should be addressed to the Secretary
of the Corporation at its corporate headquarters.

KEEP THIS CERTIFICATE IN A SAFE PLACE, IF IT IS LOST, STOLEN OR DESTROYED THE
CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A
REPLACEMENT CERTIFICATE.

The following abbreviations, when used in the inscription on the fact of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM      -as tenants in common
TEN ENT      -as tenants by the entireties
JT TEN       -as joint tenants with right of Survivorship

UNIF GIFT MIN ACT- _________ Custodian _________
                    (cust)              (minor)

                   under Uniform Gifts to Minors Act ________
                                                     (state)

UNIF TRF MIN ACT-  _________ Custodian __________
                    (cust)             (minor)

                   under Uniform Transfers to Minors Act ____________
                                                            (state)

Additional abbreviations may also be used though not in the above list.

FOR VALUE RECEIVED,                        hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE

-------------------------

--------------------------------------------------------------------------------
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASIGNEE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Shares of the common stock represented by the within Certificate, and do hereby
irrevocably consent and appoint
_________________________________________________________
Attorney to transfer the said stock on the books of the within named Corporation
with full power of substitution in the premises

<PAGE>

Dated:
      -----------------------

                                   X
                                    -----------------------------------

                                   X
                                     ----------------------------------
                               NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST
                               CORRESPOND WITH THE NAME(S) AS WRITTEN UPON
                               THE FACE OF THE CERTIFICATE IN EVERY
                               PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT
                               OR ANY CHANGE WHATEVER.

Signature(s) Guaranteed

By:
   -------------------------------------
The signature(s) must be guaranteed by an eligible guarantor institution (Banks,
stockbrokers, savings and loan associations and credit unions with membership in
an approved signature guarantee medallion program), Pursuant to S.E.C. Rule
17Ad-15

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