Document:

Unassociated Document

    EXHIBIT
10.1

    Margrit
Eyraud – Debt Exchange Agreement

    

    This Debt
Exchange Agreement (“Agreement”) is entered into this June 26, 2009, by and
among Marani Brands, Inc.( the “Company”), and Margrit Eyraud (“Margrit”), on
the other hand (the Company and Margrit collectively, the
“Parties”).

    

    WHEREAS,
on or about January 1, 2008, the Company and Margrit entered into in Employment
Agreement (the “Employment Agreement”), pursuant to which Margrit served as
Chief Executive Officer of the Company and its subsidiaries;

    

    WHEREAS,
on or about October 2, 2008, the Company and Margrit entered into in Transition
Agreement and Mutual General Release, (the “Transition Agreement”), pursuant to
which the Employment Agreement terminated;

    

    WHEREAS,
the Transition Agreement provides for the payment by the Company of the sum of
Four Hundred Five Thousand Dollars ($405,000) to Margrit, of which Two Hundred Fifty Five Thousand
Dollars ($255,000) remains outstanding (the “Outstanding Obligation”);
and

    

    WHEREAS,
the Company Parties and Margrit desire to provide for the payment of the
Outstanding Obligation by the Company’s issuance of its Common Stock to Margrit,
as provided in this Agreement, in exchange for the discharge and release of the
Outstanding Obligation (the “Debt Equity Exchange”).

    

    NOW,
THEREFORE, in connection with the payment of the Outstanding Obligation to be
made by the Company, and the discharge of the Outstanding Obligation to be
provided by Margrit hereunder, the Company and Margrit, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
agree as follows:

    

    1.           Exchange. Subject to
the terms and conditions set forth herein, on the Closing Date, the Company
shall issue to Margrit One
Million One Hundred Twenty Five Thousand (1,125,000) shares of the Company’s
Common Stock (the “Exchange Shares”) in exchange for the discharge by Margrit of
the Outstanding Obligation.  Upon the issuance of the Exchange Shares,
the Outstanding Obligation shall be cancelled, without further action of either
Party. The
consummation of the exchange of the Outstanding Obligation for the Exchange
Shares as described in this Section 1 is hereinafter referred to as the “Debt
Exchange Closing”.

    

    2.           Debt Exchange Closing
Deliveries. Upon the Debt Exchange Closing, the Company will deliver or
cause to be delivered, in hand or electronically, to Margrit a certificate (or
electronic transfer) registered in the name of Outstanding Obligation evidencing
the Exchange Shares.

    

    3.           Debt Exchange;
Termination. Effective upon the Debt Exchange Closing, the Company’s
monetary obligations under the Outstanding Obligation will be extinguished
immediately and cancelled, and any and all obligations of the Company and in
respect of the Outstanding Obligation shall be terminated and released and be of
no further force and effect.  Margrit and the Company (for itself and
on behalf of its predecessors, directors, officers and stockholders) each as to
the other, with effect only from and after the Debt Exchange Closing,
irrevocably waives, releases and forever discharges the other and each of the
other’s subsidiaries, respective successors, predecessors, assigns, affiliates,
subsidiaries and divisions and each and all of their respective directors,
officers, stockholders, employees, representatives and agents (the "Releasees")
from any and all actions, causes of action, suits, claims, demands, proceedings,
orders, judgments, obligations, rights, privileges, covenants, contracts,
agreements, debts, dues, sums of money, deliveries and liabilities whatsoever,
whether known or unknown, suspected or unsuspected, both at law and in equity
(collectively, "Claims") which Claims each party to this Agreement and their
respective heirs, executors, administrators, successors and assigns may then
have, ever will have had or may thereafter have against the Releasees in
connection with, or related directly or indirectly to, the Outstanding
Obligations.   Each Party represents and warrants to the other
that it has not assigned or transferred the Claims being released by such
Party.

     

    
      
        
          Marani
Brands, Inc.

          Exchange
Agreement                                                                    

          June
2009

        

      

      
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    4.           Investment
Purpose.  On the Debt Exchange Closing Date Margrit will
purchase the Exchange Shares as principal for her own account for investment
only and not with a view toward, or for resale in connection with, the public
sale or any distribution thereof.

    

    5.           Accredited Investor
Status.  Margrit
is an “accredited investor” as that term is defined in Rule 501(a) of Regulation
D.  Margrit is, and will be at the time of the issuance of the
Exchange Shares an accredited investor, as such term is defined in Regulation D
promulgated by the Commission under the Securities Act of 1933 (“1933 Act”), is experienced in
investments and business matters, has made investments of a speculative nature
and has purchased securities of United States publicly-owned companies in
private placements in the past and, with its representatives, has such knowledge
and experience in financial, tax and other business matters as to enable her to
utilize the information made available by the Company to evaluate the merits and
risks of and to make an informed investment decision with respect to the
proposed purchase, which represents a speculative investment.  Margrit
has a pre-existing personal or business relationship with the Company or its
officers, directors or controlling persons, or by reason of her business or
financial experience, or the business or financial experience of her
professional advisors who are unaffiliated with and who are not compensated by
the Company, directly or indirectly, has the capacity to protect her own
interests in connection with the purchase of the Exchange
Shares.  Margrit has the authority and is duly and legally qualified
to purchase and own the Securities.  Margrit is able to bear the risk
of such investment for an indefinite period and to afford a complete loss
thereof.

    

    6.           Information».  Margrit
and its advisors, if any, have been furnished with or has had access at the
EDGAR Website of the Commission to the Company’s Form 10-KSB for the year ended
June 30, 2008 as filed with the Commission, together with all subsequently filed
Forms 10-Q, Forms 8-K, and other reports and filings subsequently made with the
Commission and made available at the EDGAR website (hereinafter referred to
collectively as the “Reports”), all materials relating to the business, finances
and operations of the Company and materials relating to the offer and sale of
the Exchange Shares that have been requested by Margrit.  Margrit and
her advisors, if any, have been afforded the opportunity to ask questions of the
Company.  In addition, Margrit has received in writing from the
Company such other information concerning its operations, financial condition
and other matters as she has requested, and considered all factors she deems
material in deciding on the advisability of investing in the Exchange
Shares.  Margrit understands that her investment in the Exchange
Shares involves a high degree of risk.  Margrit has sought such
accounting, legal and tax advice as she has considered necessary to make an
informed investment decision with respect to her acquisition of the Exchange
Shares.

    

    7.           No Governmental
Review».  Margrit
understands that, except as may otherwise be provided in this Agreement, no
Governmental Entity has passed on or made any recommendation or endorsement of
the Exchange Shares or the fairness or suitability of an investment in the
Exchange Shares nor have such authorities passed upon or endorsed the merits of
the offering of the Exchange Shares.  As used in this Agreement,
“Governmental Entity” means the government of the United States or any other
nation, or any political subdivision thereof, whether state, provincial or
local, or any agency (including any self-regulatory agency or organization),
authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or
administration powers or functions of or pertaining to government over the
Company, or any of its respective properties, assets or
undertakings.

    

    
      
        
          Marani
Brands, Inc.

          Exchange
Agreement                                                                    

          June
2009

        

      

      
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    8.           Reliance on
Representations.  Margrit represents that the foregoing
representations and warranties set forth in Sections 4, 5, 6 and 7 of this
Agreement are true and correct as of the date hereof, will be relied upon by the
Company is issuing the Exchange Shares to Margrit, and, unless Margrit otherwise
notifies the Company prior to the Closing Date shall be true and correct as of
the Closing Date.

    

    9.           The Exchange
Shares.  In order to induce Margrit to enter into this
Agreement and engage in the Debt Equity Exchange, the Company represents and
warrants to Margrit that the Exchange Shares upon issuance:

    

    (i)           are,
or will be, free and clear of any security interests, liens, claims or other
encumbrances, subject to restrictions upon transfer under the 1933 Act and State
securities laws;

    

    (ii)           have
been, or will be, duly and validly authorized and on the date of issuance, fully
paid and nonassessable and if registered pursuant to the 1933 Act and resold
pursuant to an effective registration statement will be free trading and
unrestricted;

    

    (iii)          will
not have been issued or sold in violation of any preemptive or other similar
rights of the holders of any securities of the Company;

    

    (iv)          will
not subject the holders thereof to personal liability by reason of being such
holders; and

    

    (v)           assuming
the representations and warranties of Margrit as set forth in Section 3 of this
Agreement are true and correct, will not result in a violation of Section 5
under the 1933 Act.

    

    10.           Survival.  Except
as may be expressly limited by the terms of this Agreement, the foregoing
representations and warranties shall survive the Debt Exchange Closing
Date.

    

    11.           Debt Exchange Closing.  The
consummation of the transactions contemplated herein shall take place at the
offices of the Company not later than the second business day following receipt
by the Company of a “Submission Notification” of the Company’s filing of its
Form S-8 Registration Statement, with respect to the registration of the
Exchange Shares.

    

    12.           S-8 Registration
Statement.  The company agrees to keep the S-8 Registration
status that covers the Exchange Shares, continuously effective for a period of
not less than one year from the date the exchange shares may be first sold
thereafter.  If the S-8 Registration is not effective for the entire
one year period, the release granted hereunder by Margrit shall be rescinded,
and Margrit shall be entitled in her discretion, to return the Exchange Shares
not sold by Margrit under the S-8 Registration Statement for a demand note
issued by the  Company in the principle amount to such number of
Exchange Shares multiplied by $0.20

    

    13.           Entire Agreement;
Assignment.  This Agreement represents the entire agreement
between the Parties hereto with respect to the subject matter hereof and may be
amended only by a writing executed by both parties.  No right or
obligation of either party shall be assigned by that party without prior notice
to and the written consent of the other party.

    

    14.           Counterparts/Execution.  This
Agreement may be executed in any number of counterparts and by the different
signatories hereto on separate counterparts, each of which, when so executed,
shall be deemed an original, but all such counterparts shall constitute but one
and the same instrument.  This Agreement may be executed by facsimile
signature and delivered by facsimile transmission or by a PDF electronic
transmission.

     

    
      
        
          Marani
Brands, Inc.

          Exchange
Agreement                                                                    

          June
2009

        

      

      
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    15.           Law Governing this
Agreement.  This Agreement shall be governed by the laws of
California without regard to the principals of choice of law or conflicts of law
of that state or of any other jurisdiction.  Any dispute or claim
under this Agreement (including, without limitation, any action to enforce this
Agreement) shall be exclusively determined by binding arbitration conducted in
accordance with the rules and procedures of the American Arbitration
Association. (the "AAA").  The arbitration shall take place in Los
Angeles, California, and shall be before a single arbitrator mutually acceptable
to the Company and Margrit, or if the Company and Margrit are unable to agree
upon one arbitrator, the Company and Margrit shall each appoint one arbitrator
and the two arbitrators shall each appoint a third arbitrator, The determination
of the arbitrator(s) (which shall be in writing) shall be conclusive and binding
on the parties and not subject to judicial review. If there are three
arbitrators, the determination of a majority of the arbitrators shall be
controlling. Theprevailing party in any proceedings brought in connection with
this Agreement shall be entitled to recover its reasonable attorneys' fees and
costs incurred in such proceedings. The determination of the arbitrator(s) shall
be entitled to be enforced in any court of competent jurisdiction.

    

    16.           Confidentiality. The
Parties agree to keep the negotiations concerning this Agreement completely
confidential and not to disclose any of them to any third party, except as
required or compelled by law or legal or Administrative process, or with the
prior written consent of all Parties.  Notwithstanding the foregoing,
the Parties may disclose this Agreement to the Parties’ respective legal counsel
and financial and tax advisors and government regulators, and may disclose this
Agreement in connection with the anticipated From S-8 Registration Statement to
be filed by the Company to register the Exchange Shares, or as otherwise
required by applicable law

    

    [Signature
Pages Follow]

     

    
      
        
          Marani
Brands, Inc.

          Exchange
Agreement                                                                    

          June
2009

        

      

      
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    IN WITNESS WHEREOF, the
Company and Margrit have caused this Exchange Agreement to be duly executed as
of the date first written above.

    

    
      
        	 	MARANI
      BRANDS, INC.	 
	 	 	 	 
	
                 

              	
                By:
      

              	s/s
      Ara
      Zartarian	 
	 	 	Ara
      Zartarian	 
	 	 	Chief
      Executive Officer	 
	 	 	      
                Director

              	 

      

    

    

    
      
        
          
            
              	 	MARGRIT
      EYRAUD	 
	 	 	 	 
	
                       

                    	
                      s/s
      Margrit
      Eyraud

                    	 
	 	Margrit
      Eyraud	 
	 	 	 	 
	 	 	 	 

            

          

        

      

    
         

    
      
        
          Marani
Brands, Inc.

          Exchange
Agreement                                                                    

          June
2009

        

      

      
        5Unassociated Document

    EXHIBIT
10.2

    CONSULTING
AGREEMENT

     

    This
CONSULTING AGREEMENT dated as of March 1, 2008 (this "Agreement"), by and
between Margrit Enterprises International, Inc. a California corporation d/b/a
"Marani® Spirits"
(the "Company"), and Thomas Collins, (the "Consultant").

     

    WHEREAS,
the Company is engaged in, among other things, the business of distilling,
marketing, selling and bottling vodka, other spirits and wine throughout the
world; and

     

    WHEREAS,
the Consultant involved and has contacts in Texas and Mexico with distributors
of vodka, other spirits and wines in Texas and Mexico (the "Territory");
and

     

    WHEREAS,
among other things, the Company is capable of introducing the Company to
potential distributors of the Company's products in the Territory;
and

     

    WHEREAS,
the Company desires to retain the Consultant to provide the Services ( as
hereinafter defined) to the Company , and the Consultant desires to provide its
Services to the Company, upon the terms, provisions and conditions set forth in
this Agreement.

     

    NOW,
THEREFORE, in consideration of these premises and other good and valuable
consideration, the receipt and legal sufficiency of which is hereby
acknowledged, the parties, intending to be legally bound, hereby agree as
follows:

     

    1. Retention of
Consultant.

    (a) The
Company hereby retains the Consultant to provide the Services to the Company
during the Consulting Period (as hereinafter defined) and the Consultant hereby
agrees to provide the Services to the Company during the Consulting Period, all
upon the terms, provisions and conditions contained in this
Agreement.

    

    (b) The
retention of the Consultant hereunder is on a non-exclusive basis, which means
that, subject to Section 10(b) hereof, (i) the Consultant may provide consulting
services in the Territory to other businesses whose products may be competitive with the
Company's products; (ii) the Company may engage other entities to provide
services to the Company in the Territory that are substantially similar to the
Services; and (iii) the Company may engage in the sale and distribution of its
products in the Territory on a direct basis.

    

    (c) If as a
result of the Services, the Company enters into a distribution agreement for
Mexico with a distributor acceptable to the Company, in its sole discretion, on
terms and conditions acceptable to the Company, in its sole discretion
(including, without limitation, having guaranteed annual purchases by the
distributor), then the Company in good faith will consider making the rights
granted hereunder with respect to Mexico excusive for the then remainder of the
Consulting Period.

    

    2.
Services.

     

    (a)            Definition of
Services. For purposes hereof, the term "Services" shall mean introducing
the Company and its management to various entities located in the Territory (the
"Consultant's Contacts") who are capable of acting as a distributor of the
Company's products in the Territory and, if requested by the Company, assisting
the Company with any negotiations between the Company and the Consultant's
Contacts. Except as expressly provided in the immediately proceeding sentence,
the Consultant shall not provide any other consulting services to the Company
including, without limitation, any services relating the capital raising,
financing or advice regarding mergers and acquisitions.

     

    
      
         

      

      
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    (b) In
performing the Services, the Consultant will interface with, and follow the
reasonable directions of, the Company's Chief Executive Officer or any other
officer or representative of the Company designated in writing by the Company's
Chief Executive Officer. The Consultant will perform the Services lawfully and
faithfully, to the best of its ability and in accordance with the highest
ethical standards. The Consultant shall comply with, and will not violate, any
applicable law, rule or regulation, domestic or foreign, in connection with the
performance of the Services. In performing the Services the Consultant shall
follow the directions of the Company and shall not introduce the Company to any
Consultant Contact unless specifically authorized by the Company.

     

    (c) The
Consultant acknowledges and agrees that whether the Company engages in any
transaction in the Territory through or with any Consultant Contact shall be a
decision made by the Company in its sole and absolute discretion.

     

    3. Consulting
Period. The term of the retention and engagement of the
Consultant

    under
this Agreement shall commence on the date hereof and shall continue for a period
of twelve (12) months ending on the one (1) year anniversary date of this
Agreement, unless terminated earlier as provided for herein, and as it may be
extended as provided for in the immediately following sentence (the -Consulting
Period"). The Consulting Period may be extended for successive periods of twelve
(12) months on the anniversary date of this Agreement upon the mutual written
agreement of the Company and the Consultant.

     

    4. Compensation.

     

    (a) As full
considerations for the performance of the Services, the Consultant shall be
entitled to earn a consulting fee (the "Consulting Fee") of $14,400.00 per
month.

     

    (b) The
Consulting Fee shall be payable either with cash payments or common stock at the
discretion of Company.

     

    (c) The
Consultant shall be responsible for the payment of all taxes, levies and similar
charges (whether federal, state or local, domestic or foreign) which are payable
in respect of the compensation provided for in this Section 4, and the
Consultant shall indemnify the Company and hold the Company harmless with
respect to the payment of any and all such taxes, levies and similar
charges.

     

    5. Expense
Reimbursement. Unless approved, in writing by the Company prior to the
incurrence thereof, the Consultant shall not be entitled to reimbursement from
the Company for any costs or expenses incurred by the Consultant in connection
with this Agreement or providing the Services to the Company, and the Consultant
shall be responsible for all such costs and expenses.

     

    
      
         

      

      
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    6. Marketing Support. During the Consulting Period,
the Company shall expend such amounts on marketing and advertising in the
Territory, as the Company in its discretion considers reasonable to support the
development of the identity and image of its products in the Territory. Prior to
engaging in any marketing or advertising activities in any country in the
Territory, the Company will discuss the scope of such activities with the
Consultant in order to obtain the advice of the Consultant with respect to the
proposed activities; provided that any
decision with respect to such activities will be made by the Company in its sole
and absolute discretion.

     

    7. Relationship of the
Parties. This Agreement is between two (2) independent contracting
entities and nothing herein shall constitute or create an employer-employee
relationship, a partnership, a joint venture or any other joint enterprise or
agent-principal relationship between the parties. Neither party is the fiduciary
of the other party. The Consultant will not have the right to obligate or
legally bind the Company and will not hold itself out to any third party or to
make any representation to any third party that the Consultant has the right to
do so.

     

    8. Termination. The Company may terminate this
Agreement at any time for Cause (as hereinafter defined) upon written notice to
the Consultant. For purposes of this Agreement, the term "Cause" (i) the failure
or refusal of the Consultant to render the Services to the Company or the
failure of the Consultant to follow the Company's directives in connection
therewith; (ii) disloyalty, gross negligence, dishonesty or breach of fiduciary
duty by the Consultant or any of its directors, members, managers, officers or
employees; (iii) commission of an act of fraud, theft, misappropriation,
embezzlement or disregard of the rules or regulations the Securities and
Exchange Commission or commission of any other action which is damaging the
Company or its reputation; (iv) any act of moral turpitude which materially
adversely affects any ability to perform the Services or reputation of the
Company; (v) commission of any violation of any law or regulation related to the
performance of the Services; or (vi) the cessation of business, liquidation,
bankruptcy or insolvency of the Consultant; or (vii) a -change of
control" of the Consultant such that the majority owners of the Consultant as of
the date of this Agreement no longer own a majority of the outstanding voting
equity of the Consultant following the -change of
control" transaction.

     

    9. Obligations of the Company
upon Termination. Upon termination of the retention of the Consultant
pursuant to Section 8 (vi) hereof, the Company shall pay the Consulting Fee to
the extent earned prior to such termination for a period of five (5) years from
the date of termination. In all other instances, if the retention of the
Consultant is terminated for Cause pursuant to any other provision of Section 8
hereof, the Company's obligation to pay any further Consulting Fees to the
Consultant shall immediately cease.

     

    10. Confidentiality Covenant and
other Restrictive Covenants Applicable to Consultant.

     

    
      
         

      

      
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    (a) During
the Consulting Period and thereafter, the Consultant shall not, and shall cause
its affiliates not to, directly or indirectly, under any circumstance: (i)
disclose any Confidential Information (as such term is hereinafter defined);
(ii) act so as to impair the confidential or proprietary nature of any such
Confidential Information; or (iii) offer or agree to, or cause or assist in the
inception or continuation of, any such disclosure or impairment of any such
Confidential Information or trade secret, unless consented to in writing by the
Company. All Confidential Information is and shall remain the sole and exclusive
property of the Company. For purposes hereof, the term "Confidential
Information" shall mean any and all of the following (regardless of the medium
in which maintained or stored): confidential or proprietary information or
material not in the public domain about or relating to any aspect of the
business, activities, plans. prospects or strategies (whether or not pursued) of
the Company or any of its subsidiaries including, without limitation, financial
information and projections, research and development plans or projects; data
and reports; computer materials such as programs, instructions, source codes,
object codes and printouts; formulas; recipes; product-testing information;
business improvements; processes; manufacturing distillery processes;
intellectual property strategies, patent strategies licensing strategies.
marketing and selling strategies; strategic business plans (whether or not
pursued); budgets; licenses; pricing, pricing strategies and cost data;
information regarding the skills and compensation of employees; the identities
of customers and potential customers; forecasts, marketing techniques; the
identities of suppliers, vendors and contractors; the terms of contracts or
agreements; and any other information mentioned or data which is not public
and/or of a confidential nature relating to any aspect of the business of the
Company. In the event that the Consultant or any of its affiliates becomes
legally required to disclose any Confidential Information, such party, to the
extent practicable, will provide the Company with prior written notice thereof
so that the Company may seek a protective order or other appropriate remedy or
waive compliance with the provisions of this Section 10(a) to permit a
particular disclosure. In the event that such protective order or other remedy
is not obtained, or that the Company waives compliance with the provisions of
this Section 10 (a) to permit a particular disclosure, the applicable party
shall only disclose that portion of the Confidential Information which the
applicable party is advised by such party's legal counsel is legally required to
be disclosed. If required, the applicable party will, at the Company's cost and
expense, cooperate with the efforts of the Company to obtain a protective order
or other activities intended to obtain reliable assurance that confidential
treatment will be accorded the Confidential Information disclosed. For purpose
hereof Confidential Information shall not include any information (i) that is
publicly known at the time of its disclosure other than through a breach of this
Agreement by the Consultant; (ii) is lawfully received by the Consultant from a
third party not bound by a confidential obligation to the Company or who does
not have a fiduciary or similar obligation to the Company; or (iii) was already
known by the Consultant prior to its disclosure, as evidence by the Consultant's
books and records.

     

    (b) For a
period of time as long as the Consultant is being paid the Consulting Fee
hereunder, the Consultant shall not, and shall cause its affiliates not to,
engage, directly or indirectly (whether as an member, manager, officer,
director, employee, consultant, stockholder, owner, lender, investor or any
other capacity) in the business of representing  any business or
entity in the Territory whose primary business involves the manufacturing, sale
or marketing or distribution of vodka as its principal product.

     

    (c) During
the Consulting Period and thereafter, the Consultant will not and will cause its
affiliates not to, directly or indirectly, interfere with any business
relationship between the Company and any of its distributors, customers,
suppliers. agents or any other person or entity doing business with the Company
or take any action which could reasonably be expected to result such entity to
ceasing doing business with the Company or to reducing the amount of business
that it conducts with the Company.

     

    
      
         

      

      
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    (d) The
Consultant acknowledges that if the Consultant or any of its affiliates should
breach or threaten to breach any provision of Sections 10(a) through 10(c)
hereof the damages to the Company may be substantial and difficult to ascertain,
and monetary damages will not afford the Company an adequate remedy. Therefore,
if any of the provisions of Sections I 0(a) through 10(c) hereof are violated or
breached or threatened to be violated or breached. in whole or in part. the
Company shall be entitled to seek specific performance and injunctive relief
(without being required to post a bond or other security and without being in
required to establish irreparable harm), without prejudice to all other rights
any remedies the Company may have at law, in equity or otherwise, all of which
shall be cumulative, and which may be exercised concurrently. In addition,
should the Consultant breach any of the provisions of Sections 10(a) through
10(c) hereof, the Company shall be the right to immediately cease making any
further payments of the Consulting Fee to the Consultant.

     

    11. Return of
Information. Upon the termination or expiration of the Consulting Period,
the Consultant will promptly deliver to the Company, or at the Company's written
instruction, destroy, all documents, data, drawings, manuals, letters, notes,
reports, electronic mail, recordings, and copies thereof, of or pertaining to
the Company and its business and/or which contain or are based upon any
Confidential Information which is in the Consultant's possession or control or
the possession or control of any of the Consultant's affiliates. Nothing herein
shall constitute a license to the Consultant of any property, assets or
information belonging to the Company

     

    12. Consultant Representations
and Warranties.  The Consultanthereby represents and warrants
to the Company as follows; (a) the Consultant has the power and authority to
enter into this Agreement and has authorized the execution, delivery and
performance of this Agreement by the Consultant; (b) this Agreement constitutes
its legal, valid and binding obligation of the Consultant, enforceable against
the Consultant in accordance with its terms; (c) the execution, delivery and
performance of this Agreement by the Consultant shall not breach, violate,
contravene, or cause a default under the constituent documents of the
Consultant, any agreement or contract to which it is a party or bound, or any
law or regulation applicable to it or any order, judgment or decree to which it
is bound or otherwise subject; and (d) in connection with the performance of the
Services hereunder, it shall not use or disclose any of the proprietary or
confidential information of any third party or violate any confidentiality or
similar obligation that it may owe to any third party.

    

    13. Press Releases. The
Company and the Consultant shall not issue any press release or other
communication with respect to this Agreement (and Company's engagement of
Consultant) or the transactions contemplated hereby, except to the extent
required by applicable law or regulation, without the prior written consent of
the other party, which consent shall not be unreasonably withheld or delayed. If
the Company is required pursuant to applicable law or regulation to issue a
press release it will give the Consultant a reasonable opportunity to comment
thereon before issuing the press release, subject to time limitations that may
be imposed by the applicable law or regulation.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    14. Amendment. This
Agreement may not be modified, amended, altered or supplemented, except by a
written agreement executed by each of the parties hereto.

     

    15. Entire Agreement.
This Agreement contains the entire understanding and agreement of the parties
relating to the subject matter hereof and it supersedes all prior and/or
contemporaneous understandings and agreements of any kind and nature (whether
written or oral) among the parties with respect to such subject matter, all of
which are merged herein.

     

    16. Waiver. Any waiver by
a party, of any breach of or failure to comply with any term, provision or
condition of this Agreement by the other party hereto shall not be construed as,
or constitute, a continuing waiver of such term, provision or condition, or a
waiver of any other breach of, or failure to comply with, any other term,
provision or condition of this Agreement, any such waiver to be limited to the
specific matter and instance for which it is given. No waiver of any such breach
or failure or of any term, provision or condition of this Agreement shall be
effective unless in a written instrument signed by the party granting the
waiver. No failure or delay by either party to enforce or exercise its rights
hereunder shall be deemed a waiver hereof, nor shall any single or partial
exercise of any such right or any abandonment or discontinuance of steps to
enforce such rights, preclude any other or further exercise thereof, at any time
whatsoever, or the exercise of any other right.

     

    17. Indemnification.The
Consultant shall indemnify the Company and its present and future directors,
officers. employees, agents, and attorneys and shall hold each of them harmless,
from and against any damages, liabilities, losses, penalties, claims, judgments,
costs (including, without limitation, any costs and expenses incurred in
connection with investigating any claim) and expenses (including, without
limitation. reasonable attorney's fees and expenses) which arises out of, is
based upon on in any way relates to a breach of any term or provisions of this
Agreement by the Consultant or the failure of the Consultant to observe or
perform any of its obligations hereunder.

     

    18. Notices. All notices,
demands, consents, requests, instructions and other communications to be given
or delivered or permitted under or by reason of the provisions of this Agreement
or in connection with the transactions contemplated hereby shall be in writing
and shall be deemed to be delivered and received by the intended recipient as
follows: (a) if personally delivered, on the business day of such delivery (as
evidenced by the receipt of the personal delivery service). (b) if mailed
certified or registered mail return receipt requested (with all costs prepaid),
four (4) business days after being mailed. (c) if delivered by a recognized
overnight courier service of recognized standing (with all charges having been
prepaid), on the business day of such delivery (as evidenced by the receipt of
the overnight courier service), on (d) by facsimile transmission on the business
day sent. if received before 5:00 p.m. in the time zone of the intended
recipient. or on the next business day if received thereafter (with receipt
confirmed by mechanically by the recipients fax machine) of the If any notice,
demand, consent, request, instruction or other communication cannot be delivered
because of a changed address of which no notice was given (in accordance with
this Section 18), or the refusal to accept same, the notice, demand, consent,
request. instruction or other communication shall be deemed received on the
second business day the notice is sent (as evidenced by a sworn affidavit of the
sender). All such notices, demands, consents, requests, instructions and other
communications will be sent to the following addresses as
applicable:

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    If to the
Company:

     

    Margrit
Enterprises. Inc.

    13152
Raymer Street, Suite 1-A 

    North
Hollywood, CA 91605

    Attention:
Ms. Margrit Eyraud 

    Chief
Executive Officer 

    Facsimile
No.: (818) 503-447

     

    If to the
Consultant:

     

    Thomas
Collins.

    3100
Carlisle

    Suite
205

    Dallas,
TX 75204

    Attention:
Mr. Tom Collins 

    Fax No:
(214)-599-0417

     

    Or to
such other address as any party may specify by notice given to the other party
in accordance with this Section 18.

     

    19. Governing Law;
Jurisdiction.

     

    (a) This
Agreement shall be governed by and construed in accordance with the laws of the
State of California applicable to agreements made and to be performed in that
State. without regard to any of its principles of conflicts of laws or other
laws which would result in the application of the laws of another
jurisdiction.

     

    (b) Jurisdiction. Each of the parties
unconditionally and irrevocably consents to the exclusive jurisdiction of the
courts of the State of California, located in Los Angles county and the Federal
District Court for the Central District of California with respect to any suit,
action or proceeding arising out of or relating to this Agreement or the
transactions contemplated hereby, and each of the parties hereby unconditionally
and irrevocably waives any objection to venue in any such court, and agrees that
service of any summons, complaint, notice or other process relating to such
suit, action or other proceeding may be effected in the manner provided in
Section 18 of this Agreement. Each of the parties hereby unconditionally and
irrevocably waives the right to a trial by jury in any action, suit or
proceeding arising out of or relating to this Agreement or the transactions
contemplated hereby. The prevailing party in any such action, suit or proceeding
shall be entitled to be reimbursed for its reasonable out of pocket costs and
expenses incurred in connection thereafter, including, without limitation,
reasonable attorneys' fees and expenses.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    20. Severability. Should
any provision of this Agreement be held to be invalid, illegal or unenforceable
in any jurisdiction by a court of competent jurisdiction, that holding shall be
effective only to the specific provision, the extent of such invalidity,
illegally or unenforceability. without invalidating or rendering invalid,
illegal or unenforceable the remaining provisions hereof, and any such
invalidity, illegally or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. It
is the intent of the parties that this Agreement shall be fully enforced to the
fullest extent permitted by applicable law and accordingly any court of
complaint jurisdiction may modify the specific invalid, illegal, or
unenforceable provision to give effect to the intent of the
parties.

     

    21. Assignment. This
Agreement and the rights and obligations hereunder may not be assigned by any
party hereto without the prior written consent of the other parties hereby:
provided that the Company may assign this agreement to any person or entity that
purchases all or substantially all of the assets of the Company or that
purchases all of the stock of the Company. This Agreement shall be binding upon
and shall inure to the benefit of the parties hereto and their respective
successors (whether by merger, consolidation, recapitalization or other similar
transaction) and permitted assigns. The Consultant should not delegate its
duties in respect of the Services to any third party. Nothing herein is intended
or shall be construed to confer upon or give to any person. any rights,
privileges or remedies under or by reason of this Agreement. except pursuant to
this Section 21.

     

    22. Drafting History. In
resolving any dispute under, or construing any provision in under, this
Agreement, there shall be no presumption made or inference drawn (a) because the
attorneys for one of the parties drafted such provision of this Agreement, (b)
because of the drafting history of the Agreement, or (c) because of the
inclusion of a provision not contained in a prior draft or the deletion of a
provision contained in a prior draft. The parties acknowledge and agree that
this Agreement was negotiated and drafted with each party being represented by
counsel of its choice and with each party having an equal opportunity to
participate in the drafting of the provisions hereof.

     

    23. Headings. The section
headings contained in this Agreement are inserted for reference purposes only
and shall not affect in any way the meaning, construction or interpretation of
this Agreement. Any reference to the masculine, feminine, or neuter gender shall
be a reference to such other gender as is appropriate. References to the
singular shall include the plural and vice versa.

     

    24. Counterparts. This
Agreement may be executed in one or more counterparts, each of which, when takes
together, shall constitute one and the same agreement. This Agreement may be
executed by facsimile signature which shall constitute a legal and valid
signature for purposes hereof.

     

    [REMAINDER
OF PAGE LEFT INTENTIONALLY BLANK]

     

    
      
         

      

      
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    IN
WITNESS WHEREOF, each of the parties has caused on of its daily authorized
officers or managers, as the case may be, to execute this Agreement as of the
date first above written.

     

    MARANI
ENTERPRISES INTERNATIONAL, INC.

     

    By: s/s
Margrit
Eyraud

    Name:
Margrit Eyraud

    Title:
Chief Executive Officer

     

    

     

    CONSULTANT

    .

    s/s Thomas Collins

     Thomas
Collins

     

    
      
         

      

      
        9

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