Document:

gss_ex10-9.htm

Exhibit 10-9

 

 

May 16, 2008

Mr. John W. Gohsman

6504 Crawley Drive

Plano, Texas 75093

Dear John,

It is my pleasure to confirm to you an offer of employment as the President for Global Smoothie Supply, Inc. ("Company"). In this position you will report to the Chairman and Chief Executive Officer. Your anticipated date of hire will be effective as of May 15, 2008 for all purposes except commencement of salary, which shall commence upon
receipt of funding by the Company. In the event of a conflict between the terms of this offer of employment and any compensation plan adopted by the Company's Board of Directors, the terms of such plan shall control. Upon your acceptance of this offer, the Board of Directors shall offer you membership on the Board.

1. Compensation

a. Base Compensation: In your capacity as President, your salary will be US$225,000 per year, payable in equal monthly installment, commencing upon the receipt of first funding of at least $2,000,000 from third-party investors.

b. Annual Incentive Compensation: You will be eligible to participate in the Company Incentive Plan according to its terms and conditions if and when adopted by the Board of Directors. In brief, the plan will be based on individual and company performance with a proposal to the Board of Directors including an initial current target of 10%
and a maximum potential of 20% of base salary earned for the plan year.

i. Plan Years 2009 and 2010: Your incentive for plan years 2009 and 2010 are guaranteed at 5% of your base salary as earned for each plan year in which established targets are achieved.

ii. Plan Year 2011 and thereafter - Your incentive potential will be based on the standard incentive plan as defined in 1.b. above.

c. Long Term Incentive Compensation: You are eligible for inclusion in a long term incentive plan, which is expected to be funded with up to 10% of the Company's Class ''B'' non-voting shares, the details which will be communicated to you under separate cover once the Board of Directors has adopted such plan. Once adopted, you will be able
to exercise 25% of your grant at the end of the first year after the grant and 25% on each anniversary thereafter until fully vested. As severance in the event the Company should terminate your employment other than for cause during your first year of employment, you may exercise one half (1/2) of your first year's grant. Cause shall be limited to matters of moral turpitude.

d. Performance Review: Your first performance review is scheduled for January 1, 2009 and will occur annually thereafter.

e. Salary Review: Your first salary review is scheduled for January 1, 2009 and will occur annually thereafter.

2. Benefits

Through your continued employment, you are eligible to participate in the benefits accorded employees of similar status when such benefits are determined and adopted in a plan by the Board of Directors. The following information provides a brief overview of benefit offerings being considered by the Board of Directors:

  

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a. Health Benefits: You and your eligible dependents may enroll in our medical, dental and life insurance plans effective immediately upon adoption of the plan. if any. Your cost for this coverage varies, based upon your individual selections.

b. 401-k: You will be eligible to participate in the Company's 401-k plan, the first quarter following one full year of employment and after adoption of such plan.

c. Vacation Leave: Your vacation benefit will be four weeks per year of employment. The maximum amount of vacation that you may accrue at anyone time is four weeks.

d. Cell Phone and Lap Top: You will be provided with a cell phone and lap top computer for business usage.

e. Perks: The Company intends to offer you such other perks as may be made available by the Board from time to time.

3. Terms and Conditions

a. You shall treat confidentially all non-public information relating to Company and its affiliates and their respective operations, customers and others with whom they deal and not disclose or use such information for your own purposes or those of anyone else.

b. Upon the termination, for any reason, of your employment, you shall not for a period of 1 year thereafter solicit, hire or engage in business with any person who is actively employed by Company or its affiliates. The provisions of the foregoing sentences shall survive any termination of this agreement or your employment.

c. We recognize that you retain the option, as does Company, of ending your employment at any time, with or without notice and with or without cause. As such your employment is at-will and neither this letter nor any other oral or written representations may be considered a contract for any specific period of time.

d. This agreement constitutes the entire agreement between you and Company with respect to the subject matter hereof and may not be modified except by an instrument in writing signed by both parties.

e. This letter and the provisions herein, supersede any and all prior agreements. written or oral.

f. Please sign the duplicate copy of this letter as your formal acceptance and return it to my attention no later than forty five (45) days from the date of this letter, after which date, this offer expires.

John, on behalf of your new colleagues, we look forward to welcoming you as a member of the Company team.

Sincerely,

/s/ David Tiller

Chairman & Chief Executive Officer

GSS

The provisions of this offer of employment have been read, are understood, and the offer is hereby accepted.

/s/ John W. Gohsman

6/20/2009

 

 

  

2gss_ex10-10.htm

Exhibit 10-10

 

 

COOPER GLOBAL VENTURES, LLC CONSULTING AGREEMENT

THIS AGREEMENT is made this 2nd day of August 2007, by and between Global Smoothie Supply, Inc. a Texas Corporation whose principal office is located at 4428 University Blvd., Dallas, Texas 75205 (hereinafter referred to as the "Company") and Cooper Global Ventures,
LLC a Texas Corporation whose principal office address is 14001 North Dallas Parkway, Dallas, Texas 75240 (hereinafter referred to as "Consultant").

WHEREAS, Company is a manufacturer of lines of consumer food and beverage products capable of sale in the convenience store class of trade;

WHEREAS, Consultant is in the business of representing manufacturers such as the Company as an independent sales representative in the convenience store class of trade within an assigned territory; and

WHEREAS, Company desires to appoint Consultant as its independent sales representative and Consultant desires to accept such appointment on the terms and conditions described herein below.

NOW THEREFORE, in consideration of the mutual promises and agreements herein contained, including the recitals set forth hereinabove, Company and Consultant mutually agree as follows:

	
  
	
1.
	
The Company hereby appoints Consultant as its non-exclusive independent sales representative to solicit orders for the sale of Company's products to customers and potential. customers operating within the convenience store class of trade and located within the territory described in Exhibit "Au attached hereto and incorporated herein (the "Territory") for all purposes and Consultant hereby accepts such appointment.

	
  
	
2.
	
The Consultant agrees to actively promote the sale of the Company's products and the solicitation of orders to the convenience store class of trade customers and potential customers located within the assigned Territory.

	
  
	
3.
	
In the solicitation of orders the Consultant shall adhere to the prices, terms and conditions as specified in writing by the Company from time to time. The Company, at all limes, reserves the right to establish, maintain, and approve any and all lines of credit and payment terms extended to Customers. Therefore, Consultant assumes no liability for bad debts of customers solicited by Consultant.

	
  
	
4.
	
The Consultant shall promptly communicate to the Company all orders that it solicits for the Company. The Company shall be responsible for billing all customers located within the Territory. The Company shall promptly provide Consultant with a copy of all billing invoices submitted by the Company to customers in the convenience store line of trade and located within the assigned Territory. Consultant shall have no
responsibility for billing or collections from customers.

 

 

  

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5.
	
The Company and Consultant agree that Consultant shall not be the exclusive sales representative appointed for the assigned Territory by the Company.

	
  
	
6.
	
As compensation for Consultant's services hereunder the Company agrees to pay a retainer fee of $6000.00 per month for 12 months from the beginning date fifty (50) self-serve smoothie blenders designated by the Company are shipped to one or more convenience retail chains of at least 50 stores by the Company to customers operating
within the convenience store line of trade and located within the assigned Territory or upon receipt by the Company of funding in the amount of not less than $1,600,000, whichever first occurs. As additional compensation for Consultant's services hereunder Company agrees to pay Consultant an initial performance bonus in accordance with the provisions of Exhibit "B" attached hereon incorporated herein by reference for all purposes.

In addition to the foregoing, Company agrees to reimburse Consultant's reasonable travel and other expenses related to his efforts on behalf of the Company and approved in writing in advance.

	
  
	
7.
	
The parties intend that Consultant, in performing the sales representative services described herein, shall act as an independent contractor. As such, Consultant, subject to the limitations and requirements imposed by this Agreement and by law, is free to exercise independent judgment and discretion in the conduct of its business as independent sales representative for the Company and is free to devote whatever time
and resources it deems necessary to fulfill its obligations hereunder. Therefore, the individuals employed by the Consultant shall not be deemed employees of the Company and nothing contained herein shall be interpreted as creating a partnership or joint venture relationship between Company and Consultant.

The authority of the Consultant shall extend no further than as stated in this Agreement. The Consultant hereby agrees that it will not represent itself as having any authority to bind or contract for the Company for any purpose in excess of that specifically stated herein. Recipient agrees that, for a period of one year from the termination
date hereof, it will not separately contact, negotiate or attempt to negotiate with, on a direct or indirect basis, or otherwise circumvent Company with respect to the sale of its services or products similar to Company's to Customers, nor cause the Customers to change contractual or commercial negotiations, proposals or commercial arrangements which it may have with Company or which Company may have or propose to have with Customers, including any contractual add-ons, third party assigns, renewals, renegotiations,
extensions, overages or parallel contracts, without first obtaining Company's prior written consent.

	
  
	
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9.
	
If any claim or action be made or filed against Consultant, claiming loss or injury of any nature whatsoever, as a result of defect in any merchandise, purchase, or use of any product manufactured, produced or distributed by Company, Company will indemnify, defend and hold harmless Consultant, its subsidiary and affiliated corporations, and their respective directors, officers, employees and agents from and against
any and all claims, liabilities, losses, damages, injuries, demands, actions, causes of action, suits proceeding, judgments and expenses, including, without limitation, reasonable attorney's fees, court costs and other legal expenses for damage or injury arising out of or resulting from such claim of defective merchandise.

 

 

  

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10.
	
This Agreement shall be effective as of the 2nd day of, August, 2007 and monthly fee payments shall begin as described above. Thereafter this Agreement shall continue until terminated by either party as provided hereinafter. Either party to this Agreement shall have the right to terminate this Agreement as of the end of any month by providing
the other party with written notice not less than sixty (60) days prior to the proposed termination date. In the event that the Company or Consultant provides notice of termination pursuant to this paragraph, the Company agrees to pay the retainer fee pro-rated as of the date of termination within 60 days of such notice.

	
  
	
11.
	
The terms of this Consultant Agreement shall be interpreted in accordance with the Laws of the State of Texas.

	
  
	
12.
	
The Agreement constitutes the entire Agreement between the parties hereto and cancels and supersedes any and all prior agreements, oral or written, made between the parties hereto, and can only by modified by an agreement in writing, signed by all applicable parties.

	
  
	
13.
	
Any notice or communication required or permitted hereunder shall be sufficient if sent by registered or certified mail, postage prepaid, or facsimile transmission addressed as follows:

IF TO COMPANY

David C Tiller, Chairman & CEO

Global Smoothie Supply, Inc.

4428 University Blvd., Dallas TX 75205

Telephone: (214) 769-re36

Facsimile: (214) 521-4749

 

 

  

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IF TO CONSULTANT:

Kevin Cooper

President

Cooper Global Ventures, LLC

14001 North Dallas Parkway, Suite 1200

Dallas, TX 75240

Telephone: (972) 934-6510

Facsimile: (866) 461-3050

or to such other address as shall be furnished in writing be either party to the other, and any notice or communication shall be deemed to have been given as of the date so mailed or transmitted.

IT WITNESS WHEREOF, the parties have executed this Agreement to be effective on the day and year first above written.

Cooper Global Ventures, LLC

By: /s/ Kevin Cooper

Its: President

Global Smoothie Supply, Inc.

By: /s/ David C. Tiller

Its: Chairman & CEO

 

 

 

  

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EXHIBIT “A”

ASSIGNED TERRITORY

Convenience Store Class of Trade - United States of America, Canada

  

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