Document:

CONTENT LICENSE AND SERVICE AGREEMENT

MANAGEMENT CONTRACT 

AND

 BUSINESS SERVICES AGREEMENT

This MANAGEMENT CONTRACT AND BUSINESS SERVICES AGREEMENT  (the "Agreement") is made effective as of March 2, 2000 between The Internet Business Factory, Inc., (“IBF”), 6524 San Felipe, Suite 252, Houston, Texas 77057 and Cyber Law Reporter, Inc., (“Cyber”), of 1207 Wisterwood, Houston, Texas 77057.  

WHEREAS, IBF is an Internet incubator with experienced management, programmers, legal staff, equipment and other resources useful in the development of new Internet businesses, and

WHEREASE, CYBER is a start-up Internet Company in need of such services and, 

WHEREAS, IBF is willing to fund the early stage development of CYBER, and

WHEREAS, CYBER does not currently have financial resources that it can use to fund the development of its business plan, Web site and product, 

THEREFORE, the Parties to this Agreement Agree as follows:

1.  MANAGEMENT AGREEMENT.   For a period of nine months from the date of this Agreement, IBF will provide management, business plan development, strategic planning and oversight of operations and product development to CYBER under the terms of this Agreement.  It is understood and agreed between the parties that the management team assigned to assist in the development of CYBER under the terms of this Agreement are also involved in the management of IBF and other portfolio companies and that they will function as the key officers of the Company during the term of this Agreement.

2.  SERVICES.  IBF will provide software design support, research on content resources and content management software, Web design, marketing plan development and operational support for the development and deployment of the CYBER business plan.

3.  PAYMENT.  IBF will receive 500,000 shares of common stock in CYBER in exchange for the services provided pursuant to this plan.  The services to be rendered shall be valued, for the purposes of this Agreement at $125,000.  IBF shall be responsible for the payment of management team salaries, programmers, hosting and operating costs in exchange for the shares received hereunder.    

4.  ARBITRATION.  All disputes under this Agreement that cannot be resolved by the parties shall be submitted to arbitration under the rules and regulations of the American Arbitration Association.  Either party may invoke this paragraph after providing 30 days written notice to the other party.  All costs of arbitration shall be divided equally between the parties.  Any award may be enforced by a court of law.

5.  ENTIRE AGREEMENT.  This Agreement contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral or written.  This Agreement supersedes any prior written or oral agreements between the parties.

6.  AMENDMENT.  This Agreement may be modified or amended, if the amendment is made in writing and is signed by both parties.

7.  SEVERABILITY.  If any provision of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable.  If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would become valid or enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.

8.  WAIVER OF CONTRACTUAL RIGHT.  The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.

9.  APPLICABLE LAW.  This Agreement shall be governed by the laws of the State of Texas.

The Internet Business Factory, Inc.

By:

___//s// Jonathan Gilchrist____________

Jonathan C. Gilchrist, President

Cyber Law Reporter, Inc.

By:

___//s// Jonathan Gilchrist____________ 

Jonathan Gilchrist, President

#P&H DRAFT

March 2, 2000

MANAGEMENT AGREEMENT

THIS MANAGEMENT AND NON-COMPETITION AGREEMENT (the
"Agreement”) is entered into this 2 day of March, 2000, between Cyber Law Reporter, Inc., a Texas corporation (the
"Company”), and Jonathan C. Gilchrist (the “Manager”).

In consideration of the premises, mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:

1.

Duties.  The Company hereby retains the Manager as President of the Company, reporting directly to and responsible to the Board of Directors of the Company.  The authority, duties and responsibilities of the Manager shall include those normally exercised by the President of a corporation, and such other or additional duties as may from time to time be reasonably assigned to Manager by the Company’s Board of Directors.  Manager will use his best efforts to promote the interests of the Company and to carry out his duties hereunder.  The Manager agrees, during the employment period, to devote his best efforts and skills to the business and interests of the Company, and do his utmost to further enhance and develop the best interests and welfare of the Company.   

 

2.

  

Compensation.  For and in consideration of the performance by the Manager of the services, terms, conditions, covenants and promises herein recited, the Company agrees and promises to pay to the Manager at the times and in the manner herein stated, the following:

a.

Salary.  As the compensation for the services to be performed by the Manager hereunder, the Manager shall receive, as gross salary before any withholding of whatever sort, the sum of $15,000              per month, payable in the manner in which the Company's payroll is customarily handled.

b.           
Bonus.  In addition to the salary, Manager may be entitled to receive an annual bonus, which annual bonus, if any, shall be paid in the discretion of Board of Directors of the Company.

c.

Non-payment.  Should the Company be unable during its development phase to pay the Manager in a timely manner as set out in this agreement, the full sum owed under this agreement shall be accrued as a debt owed to the Manager and the Company shall issue a promissory note evidencing its commitment to pay the amounts due hereunder, if any.  Such note shall be a non-interest bearing demand note which shall be delivered to the Manager promptly upon request and which shall set forth the terms of this agreement as to salary and payment.  In the event the Company shall issue a Note for sums due under this agreement, such indebtedness shall be secured by the assets, software and data of the Company.  

3.

Termination.

a.

At any time the Company may, in its sole discretion, discharge the Manager for
"cause,” effective immediately upon providing the Manager with notice of his dismissal.  The only occurrences which shall constitute
"cause” within the meaning of this paragraph shall be the following:

                           
(i)

   
the conviction of the Manager by a court of competent jurisdiction of a felony-grade crime or other crime involving moral turpitude (or the entering of a no-contest or nolo contendere plea by Manager in regard to such crime); or

(ii)

the commission by the Manager of an act of fraud or bad faith upon the Company; or

(iii)

the willful misappropriation of any funds or property of the Company  by the Manager; or

(iv)

the willful, continued and unreasonable failure by the Manager to perform the duties or obligations under this Agreement; or

(v)

the breach of any material provisions hereof or the engagement by the Manager, without the prior written approval of the Company, in any activity which would violate the provisions of paragraph 4 of this Agreement.

b.

Manager’s employment shall also terminate upon:

                               
(i)

       
the death or permanent disability of the Manager.  In the event that the Company and the Manager cannot agree as to whether the Manager is permanently disabled, the parties agree to engage a physician (at the Company's expense), mutually agreeable to both parties, whose determination as to the Manager's permanent disability shall be binding on both parties;

(ii)

the voluntary retirement of the Manager; or

(iii)

the voluntary resignation of the Manager.

Unless sooner terminated by the Company or the Manager pursuant to the other provisions of this paragraph 3, this Agreement shall terminate on the third anniversary of the date hereof.

4.

Miscellaneous.

a.

The undersigned parties to this Agreement warrant and represent that they have the power and authority to enter into this Agreement in the names, titles and capacities herein stated.

b.

A waiver by either party of any of the terms and conditions of this Agreement in any instance shall not be deemed or construed to be a waiver of such term or condition for the future, or of any subsequent breach thereof, or of any other term and condition of this Agreement.

c.

This Agreement constitutes the entire agreement between the parties respecting the services of the Manager, and there are no representations, warranties, agreements or commitments between the parties hereto with respect to such employment relationship except as set forth herein.  This Agreement may be amended only by an instrument in writing executed by the undersigned parties.

d.

Any notice, request, demand or other communication permitted to be given hereunder shall be in writing to the address set forth by the signature of the parties below, and shall be deemed to be duly given when personally delivered to an employment officer of the Company or to the Manager, as the case may be, or when deposited in the United States mails, by certified or registered mail, return receipt requested, postage prepaid.  Either party may change by notice the address to which notices are to be sent.

e.

The Agreement shall be construed, interpreted and enforced in accordance with the laws of the State of Texas.

f.

If any provisions of this Agreement shall, for any reason, be held violative of any applicable law, and so much of said Agreement is held to be unenforceable, then the invalidity of such specific provision herein shall not be held to invalidate any other provision herein, such provision to remain in full force and effect.

g.

This Agreement is personal to the Manager, and the Manager may not assign, transfer in any way or delegate any of the rights or obligations hereunder.

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

"COMPANY”

Cyber Law Reporter, Inc.

By: __//s// Jonathan Gilchrist________

“MANAGER”

__//s// Jonathan Gilchrist___________ 

Jonathan C. Gilchrist

CYBER.emp.agr.JCG

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