Document:

ex10-1.htm

Exhibit 10.1

 

WAIVER AND CONSENT

 

This Waiver and Consent is made as of November 19, 2010 by and among CHINA GOLF GROUP, INC. (f/k/a Alpine Alpha 2, Ltd.), a Delaware corporation (the “Company”), and each of the other signatories hereto (collectively, the “Investors”) in connection with certain Securities Purchase Agreement, dated September 10, 2010 (the “SPA”) and certain Registration Rights Agreement dated September 10, 2010 (the “RRA”).  Each of the capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the SPA and the RRA.

 

RECITALS:

SPA Amendment

WHEREAS, on September 10, 2010 (the “Closing Date”), the Company and the Investors, along with other investors, consummated a private placement by entering into the SPA and its ancillary documents (including the RRA) pursuant to which the Company issued and sold to the Investors, along with other investors, an aggregate of 939,992 shares of the Company’s common stock for a total of $1,174,990;

WHEREAS, pursuant to Section 6.7 of the SPA, the Company was obligated to retain Friedman LLP to audit consolidated financial statements of the Company and its Subsidiaries for the nine month period ended September 30, 2010 which audit will be complete by December 31, 2010 within ten business days after the initial Closing Date;  and

WHEREAS, pursuant to Section 6.9 of the SPA, the Company covenanted to obtain within five business days: (i) D & O Insurance with coverage in the amount to be determined by the Lead Investor from Marsh Brokers (Hong Kong) Limited and (ii) prospectus liability insurance in the amount to be determined by the Lead Investor;

WHEREAS, pursuant to Section 10.3 of the SPA, any amendment to the SPA shall be made by all Investors by an instrument in writing; and

WHEREAS, pursuant to Section 10.4 of the SPA, any waiver to the SPA shall be made by all Investors by an instrument in writing.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

Section 1.          Consent and Waiver of Section 6.7 of the SPA. Each undersigned Investor agrees that compliance by the Company to retain Friedman LLP to audit consolidated financial statements of the Company and its Subsidiaries for the nine month period ended September 30, 2010 which audit will be complete by December 31, 2010 within ten business days after the initial Closing Date is hereby waived.

  

  

  

 

Section 2.          Consent and Waiver of Section 6.9 of the SPA. Each undersigned Investor agrees that compliance by the Company to obtain within five business days: (i) D & O Insurance with coverage in the amount to be determined by the Lead Investor from Marsh Brokers (Hong Kong) Limited and (ii) prospectus liability insurance in the amount to be determined by the Lead Investor is hereby waived.

Section 3.          Amendment to Section 10.3 of the SPA.  Section 10.3 of the SPA shall be deleted and replaced with the following:

“10.3       Amendment. This Agreement may be amended by an instrument in writing signed by Investors holding at least a majority of the shares of the Common Stock then purchased pursuant to this Agreement.”

Section 4.          Amendment to Section 10.4 of the SPA.  Section 10.4 of the SPA shall be deleted and replaced with the following:

“10.4       Waiver. The Company or the Investors, as appropriate, may: (a) extend the time for the performance of any of the obligations or other acts of the other party or; (b) waive any inaccuracies in the representations and warranties contained herein or in any document delivered pursuant hereto which have been made to it or them; or (c) waive compliance with any of the agreements or conditions contained herein for its or their benefit.  Any such extension or waiver shall be valid only if set forth in an instrument in writing signed by Investors holding at least a majority of the shares of the Common Stock then purchased pursuant to this Agreement.”

RRA Amendment

WHEREAS, pursuant to Section 2(a) of the RRA, the Company was obligated to file the initial Registration Statement within 45 days after the Closing Date, which is October 25, 2010 (the “Original Filing Date”);

WHEREAS, pursuant to Section 2(a) of the RRA, the Company was obligated to cause the Registration Statement to be declared effective by the Commission by the earlier of the following dates (the “Effectiveness Dates”):

	 	
O

	
April 18, 2011 (the 220th day following the Closing Date), or

	 	
O

	
The fifth trading day (i.e., the fifth day on which securities exchanges are open for business) following the day on which the Commission notifies the Company that the Registration Statement will not be reviewed or is no longer subject to further review and comments by the Commission.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

  

2

  

 

Section 5.          Consent and Waiver of the Original Filing Date. Each undersigned Investor agrees that compliance by the Company to file the initial Registration Statement on or before the Original Filing Date is hereby waived.

Section 6.          Amendment to Section 1 of the RRA.  The following definitions under Section 1 of the RRA shall be deleted and replaced with the following:

“Effectiveness Date” means (a) with respect to the initial Registration Statement required to be filed pursuant to Section 2(a), the earlier of: (i) the 318th day following the Closing Date (i.e. July 25, 2011) and (ii) the fifth Trading Day following the date on which the Company is notified by the Commission that the initial Registration Statement will not be reviewed or is no longer subject to further review and comments; (b) with respect to any additional Registration Statements required to be filed pursuant to Section 2(a), the earlier of: (i) the 90th day following the applicable Filing Date for such additional Registration Statement(s) and (ii) the fifth Trading Day following the date on which the Company is notified by the Commission that such additional Registration Statement(s) will not be reviewed or is no longer subject to further review; (c) with respect to any additional Registration Statements required to be filed solely due to SEC Restrictions, the earlier of: (i) the 90th day following the applicable Restriction Termination Date and (ii) the fifth Trading Day following the date on which the Company is notified by the Commission that such Registration Statement will not be reviewed or is no longer subject to further review and comments; (d) with respect to a Registration Statement required to be filed under Section 2(c), the earlier of:  (i) the 60th day following the date on which the Company becomes eligible to utilize Form S-3 to register the resale of Common Stock; provided, that, if the Commission reviews and has written comments to such filed Registration Statement that would require the filing of a pre-effective amendment thereto with the Commission, then the Effectiveness Date under this clause (d)(i) shall be the 90th day following the date on which the Company becomes eligible to utilize Form S-3 to register the resale of Common Stock, and (ii) the fifth Trading Day following the date on which the Company is notified by the Commission that the Registration Statement will not be reviewed or is no longer subject to further review and comments; (e) with respect to a Registration Statement required to be filed under Section 2(d), the earlier of: (i) the 90th day following the 2010 Delivery Date; provided, that, if the Commission reviews and has written comments to such filed Registration Statement that would require the filing of a pre-effective amendment thereto with the Commission, then the Effectiveness Date under this clause (e)(i) shall be the 120th day following the 2010 Delivery Date, and (ii) the fifth Trading Day following the date on which the Company is notified by the Commission that the Registration Statement will not be reviewed or is no longer subject to further review and comments and (f) with respect to a Registration Statement required to be filed under Section 2(e), the earlier of: (i) the 90th day following the 2011 Delivery Date; provided, that, if the Commission reviews and has written comments to such filed Registration Statement that would require the filing of a pre-effective amendment thereto with the Commission, then the Effectiveness Date under this clause (f)(i) shall be the 120th day following the 2011 Delivery Date, and (ii) the fifth Trading Day following the date on which the Company is notified by the Commission that the Registration Statement will not be reviewed or is no longer subject to further review and comments.

 

  

3

  

 

"Filing Date" means (a) with respect to the initial Registration Statement required to be filed pursuant to Section 2(a), the 143rd day following the Closing Date (i.e. January 31, 2011); (b) with respect to any additional Registration Statements required to be filed pursuant to Section 2(a), the 15th day following the Effective Date for the last Registration Statement filed pursuant to this Agreement under Section 2(a); (c) with respect to any additional Registration Statements required to be filed due to SEC Restrictions, the 15th day following the applicable Restriction Termination Date; (d) with respect to a Registration Statement required to be filed under Section 2(c), the 30th day following the date on which the Company becomes eligible to utilize Form S-3 to register the resale of Common Stock, (e) with respect to the Registration Statement required to be filed under Section 2(d), the 45th day following the 2010 Delivery Date (provided that if the Company is then eligible to utilize Form S-3 to register the resale of Common Stock, the Filing Date under this clause (e) shall be 30 days following the 2008 Delivery Date) and (f) with respect to the Registration Statement required to be filed under Section 2(f), the 45th day following the 2011 Delivery Date (provided that if the Company is then eligible to utilize Form S-3 to register the resale of Common Stock, the Filing Date under this clause (f) shall be 30 days following the 2011 Delivery Date).”

 

Section 3.          Amendment to Section 6(f) of the RRA.  Section 6(f) of the RRA shall be deleted and replaced with the following:

“              (f)                  Amendments and Waivers.  The provisions of this Agreement, including the provisions of this Section 6(f), may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the same shall be in writing and signed by the Company and the Holders of no less than a majority in interest of the then outstanding Registrable Securities.  Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of certain Holders and that does not directly or indirectly affect the rights of other Holders may be given by Holders of at least a majority of the Registrable Securities to which such waiver or consent relates; provided, further that no amendment or waiver to any provision of this Agreement relating to naming any Holder or requiring the naming of any Holder as an underwriter may be effected in any manner without such Holder’s prior written consent.”

Section 8.          Miscellaneous.

(a) Expenses.  Each party shall bear its own costs and expenses, including legal fees, incurred or sustained in connection with the preparation of this Waiver and Consent and related matters.

 

(b) Amendments and Waivers.  The provisions of this Waiver and Consent, including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the same shall be in writing and signed by the Company and the Investors of no less than a majority of the Purchase Price.

 

  

4

  

 

(c) Notices.  Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be delivered as set forth in the SPA and the RRA, as amended by this Waiver and Consent.

 

(d) Successors and Assigns.  This Waiver and Consent shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties.

 

(e) Execution and Counterparts.  This Waiver and Consent may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart.  In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.

 

(f) Governing Law.  All questions concerning the construction, validity, enforcement and interpretation of this Waiver and Consent shall be determined in accordance with the provisions of the SPA and the RRA.

 

(g) Severability.  If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

(h) Headings.  The headings in this Waiver and Consent are for convenience only, do not constitute a part of the Waiver and Consent and shall not be deemed to limit or affect any of the provisions hereof.

 

(i) Except as specifically contemplated by this Waiver and Consent and the RRA shall remain in full force and effect, unaffected by this Waiver and Consent.

 

[Signature Pages Follow]

 

  

5

  

IN WITNESS WHEREOF, the Investors and the Company have as of the date first written above executed this Waiver and Consent.

 

THE COMPANY:

CHINA GOLF GROUP, INC.

By:______________________                                                                           

Name: Ye Bi

Title: Chief Executive Officer

INVESTORS:

 

 

________________________

By:______________________

Name:

Title:Exhibit 10.1

         

        CONSULTING AGREEMENT

         

        THIS CONSULTING AGREEMENT (the "Agreement") is made and entered into effective the 2nd day of July, 2010 by and between DJS Financial Services, Inc. (the "Consultant"), whose principal place of business is 11301 West Olympic Blvd, Suite 121/552, Los Angeles, CA 90064, and Vivakor, Inc (VIVK) (the "Client") whose principal place of
        business is 5450 NE 12th Ave Pleasant Hill, Iowa 50327.

        WHEREAS, Consultant is in the business of providing services for management consulting, business advisory, shareholder information and public relations; and

        WHEREAS, the Client deems it to be in its best interest to retain Consultant to render to the Client such services as may be needed; and

        WHEREAS, Consultant is ready, willing and able to render such consulting and advisory services to Client.

        NOW THEREFORE, in consideration of the mutual promises and covenants set forth in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

        	1.	Consulting Services. The client hereby retains the Consultant as an independent consultant to the Client and the Consultant hereby accepts and agrees to such retention.

         

        

        	 	
                    It is acknowledged and agreed by the Client that Consultant carries no professional licenses, and is not rendering legal advice or performing accounting services, nor acting as an investment advisor or brokerage/dealer within the meaning of the applicable state and federal securities laws. The services of Consultant shall not be Exclusive nor shall Consultant be required to render any specific number of hours or assign specific personnel to the Client or
                    its projects.

                    Consultant agrees to serve as Representative for acquisitions to VIVK , Inc. (VIVK) and to provide and/or perform the following, hereafter collectively referred to as the “Services”:

                

        

        	
                	
                    A.     

                	
                    Complete an analysis of VIVK’s business and industry, and follow with a comprehensive background report that summarizes VIVK’s corporate and profile (the “Corporate Profile”) that shall be available for distribution to business partners, or others as VIVK shall deem appropriate.

                

        

        

        	
                	
                    B.     

                	Work with VIVK, its counsel or other representatives to revise and/or draft any other documents that may be necessary in VIVK’s efforts to secure the presentation of the company to the future acquisition.

        

        

        
        

        

        	
                	
                    C.     

                	Assist VIVK in efforts to seek additional business/business relationships that will be of benefit to VIVK.

        

        

        	
                	
                    D.     

                	Introduce VIVK to potential target acquisitions, market professionals, including broker-dealers, mutual funds, and other institutional investors; providing the Company with advice regarding acquisitions.

        

        

        	
                	
                    E.     

                	Best Efforts. CONSULTANT shall devote such time and effort, as it deems commercially reasonable and adequate under the circumstances to the affairs of VIVK to render the consulting services contemplated by this agreement. CONSULTANT is not responsible for the performance of any services, which may be rendered hereunder without VIVK providing the necessary information in writing prior thereto, nor shall VIVK include any services that
                constitute the rendering of any legal opinions or performance of work that is in the ordinary purview of the Certified Public Accountant. CONSULTANT cannot guarantee results on behalf of VIVK, but shall pursue all reasonable avenues available through its network of contacts. At such time as an interest is expressed by a third party in VIVK’s needs, CONSULTANT shall notify VIVK and advise it as to the source of such interest and any terms and conditions of such interest.
                The acceptance and consumption of any transaction is subject to acceptance of the terms and conditions by VIVK in its sole discretion. It is understood that a portion of the compensation paid hereunder is being paid by VIVK to have CONSULTANT remain available to advise it on transactions on an as-needed basis.

         

        

        	2.	
                    Independent Contractor. Consultant agrees to perform its consulting duties hereto as an independent contractor. Nothing contained herein shall be considered to as creating an employer-employee relationship between the parties to this Agreement. The Client shall not make social security, worker’s compensation or unemployment insurance payments on behalf of Consultant. The
                    parties hereto acknowledge and agree that Consultant cannot guarantee the results or effectiveness of any of the services rendered or to be rendered by Consultant. Rather, Consultant shall conduct its operations and provide its services in a professional manner and in accordance with good industry practice. Consultant will use its best efforts and does not promise results.

                

         

        

        	3.	Time, Place and Manner of Performance. The Consultant shall be available for advice and counsel to the officers and directors of the Client as such reasonable and convenient times and places as may be mutually agreed upon. Except as aforesaid, the time, place and manner of performance of the services hereunder, including the amount of time to be allocated by the Consultant to any specific service, shall be determined at the sole
                discretion of the Consultant. 

        

          

        
        

          

        

        	4.	Term of Agreement. The term of this Agreement shall be Four (4) months, commencing on the date of this Agreement, subject to prior termination as hereinafter provided.

          

        

        	5.	Compensation. In providing the foregoing services, Consultant shall be responsible for all costs incurred except the Client will be responsible for mailing out due diligence requests. Client shall pay Consultant for its services hereunder as follows: to arrange for one or more third parties to transfer 5,000,000 restricted shares of Client’s common stock to Consultant upon signing of this agreement. 

        

        

        

        (a) If the Consultant introduces the Company to any merger, acquisition or to a candidate for acquisition of any portion of the Company or facilitates a merger or acquisition with a public or private company (the “Merger”), which the Company closes, the Company shall pay the Consultant a fee
        consisting of cash in an amount equal to five percent (5%) of the total gross proceeds of the Merger and the Merger on a post-financing, fully-diluted basis.

        (b) All cash fees due the Consultant hereunder shall be paid to the Consultant immediately upon closing of any Equity Financing, Merger, and Transaction (collectively, the “Fee Transaction”) by wire transfer of immediately available funds from the proceeds of the Fee Transaction,
        either directly or from the formal or informal escrow arrangement established for the Fee Transaction, pursuant to the written wire transfer instructions of the Consultant to the Closing Agent.

        (c) The Company authorizes and directs the Closing Agent to distribute directly or from escrow any and all fees due the Consultant hereunder. The Company agrees that such fees and the manner of payment and delivery as herein provided shall be included in the documentation of any Fee
        Transaction.

        

        

        	
                    6.     

                	
                    Client’s Representations. The Client represents that it is in compliance with all applicable Securities and Exchange Commission reporting and accounting requirements and all applicable requirements of the NASD or any stock exchange. The Client further represents that it has not been and is not the subject of any enforcement proceeding or injunction by the Securities
                    and Exchange Commission or any state securities agency. 

                

        

        

        	
                    7.     

                	
                    REPRESENTATIONS, WARRANTIES AND COVENANTS

                    SEC Legal Compliance. CONSULTANT hereby represents that it has in place policies and procedures relating to, and addressing, with the commercially reasonable intent to ensure compliance with, applicable securities laws, rules and regulations, including, but not limited to:

                

        

        
        

        

        	
                	
                    1.     

                	
                    The use, release or other publication of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act

                

        

        	
                	
                    2.     

                	Disclosure requirements outlined in Section 17B of the Exchange Act regarding the required disclosure of the nature and terms of Consultant’s relationship with VIVK in any and all CONSULTANT literature or other communication(s) relating to VIVK, including, but not limited to: Press Releases, letters to investors and telephone or other personal communication(s) with potential or current investors.

        

        CONSULTANT further acknowledges that by the very nature of its relationship with VIVK it will, from time to time, have knowledge of or access to material non-public information (as such term is defined by the Exchange Act) CONSULTANT hereby agrees and covenants that:

        

        

        	
                	
                    1.     

                	
                    CONSULTANT will not make any purchases or sales in the stock of VIVK based on such information.

                

        

        

        	
                	
                    2.     

                	
                    CONSULTANT will utilize its commercially reasonable efforts to safeguard and prevent the dissemination of such information to third parties unless authorized in writing by VIVK to do so as may be necessary in the performance of its Services under this Agreement.

                

        

        

        	
                	
                    3.     

                	
                    VIVK will not, in any way, utilize or otherwise include such information, in actual form or in substantive content, in its analysis for, preparation of or release of any CONSULTANT literature or other communication(s) relating to VIVK, including, but not limited to: Press Releases, letters to investors and telephone or other personal communication(s) with potential or current investors.

                

        

        

        	
                    8.

                	
                    Non-Circumvention. VIVK hereby irrevocably agrees not to circumvent, avoid, bypass, or obviate, directly or indirectly, the intent of this Agreement, to avoid payment of fees in any transaction with any corporation, partnership or individual introduced by CONSULTANT to VIVK, in connection with any project, acquisition, any loans or collateral, or other transaction involving any products, transfers or services, or addition, renewal
                    extension, rollover, amendment, renegotiations, new contracts, parallel contracts/agreements, or third party assignments thereof.

                

        

        

        	
                    9.

                	
                    Termination.

                

        

        

        	 	
                    (a)     

                	
                    Consultant’s relationship with the Client hereunder may be terminated for any reason whatsoever, at any time, by either party, upon 30 days written prior notice.

                

        

        

        
        

        

        	
                	
                    (b)     

                	
                    This Agreement shall automatically terminate upon the dissolution, bankruptcy or insolvency of the Client or Consultant.

                

        

        

        

        	
                	
                    (c)     

                	
                    This Agreement may be terminated by either party upon giving written notice to the other party if the other party is in default hereunder and such default is not cured within fifteen (15) days of receipt of written notice of such default.

                

        

        

        

        	
                	
                    (d)     

                	
                    Consultant and Client shall have the right and discretion to terminate this Agreement should the other party in performing their duties hereunder, violate any law, ordinance, permit or regulation of any governmental entity, except for violations which either singularly or in the aggregate do not have or will not have a material adverse effect on the operations of the Client.

                

        

        

        

        	
                	
                    (e)     

                	
                    In the event of any termination hereunder all shares or funds paid to the Consultant through the date of termination shall be fully earned and non-refundable and the parties shall have no further responsibilities to each other except that the Client shall be responsible to make any and all payments if any, due to the Consultant through the date of the termination and the Consultant shall be responsible to comply with the provisions of
                    section 10 hereof.

                

        

        

        	10.	
                    Work Product. It is agreed that all information and materials produced for the Client shall be the property of the Consultant, free and clear of all claims thereto by the Client, and the Client shall retain no claim of authorship therein.

                

        

        

        	11.	
                    Confidentiality. The Consultant recognizes and acknowledges that it has and will have access to certain confidential information of the Client and its affiliates that are valuable, special and unique assets and property of the Client and such affiliates. The Consultant will not, during the term of this Agreement,
                    disclose, without the prior written consent or authorization of the Client, any of such information to any person, for any reason or purpose whatsoever. In this regard, the Client agrees that such authorization or consent to disclose may be conditioned upon the disclosure being made pursuant to a secrecy agreement, protective order, provision of statute, rule, regulation or procedure under which the confidentiality of the information is maintained in the hands of the person
                    to whom the information is to be disclosed or in compliance with the terms of a judicial order or administrative process.

                

        

        

        	12.	
                    Conflict of Interest. The Consultant shall be free to perform services for other persons. The Consultant will notify the Client of its performance of consultant services for any other person, which could conflict with its obligations under the Agreement. Upon receiving such notice, the Client may terminate this
                    Agreement or consent to the Consultant’s outside consulting activities; failure to terminate, this Agreement within seven (7) business days of receipt of written notice of conflict shall constitute the Client’s ongoing consent to the Consultant’s outside consulting services.

                

        

        

        
        

        

        	13.	
                    Disclaimer of Responsibility for Act of the Client. In no event shall Consultant be required by this Agreement to represent or make management decisions for the Client. Consultant shall under no circumstances be liable for any expense incurred or loss suffered by the Client as a consequence of such decisions, made
                    by the Client or any affiliates or subsidiaries of the Client.

                

        

        

        	14.     	Indemnification.

        

        

        	
                	
                    (a) The client shall protect, defend, indemnify and hold Consultant and its assigns and attorneys, accountants, employees, officers and director harmless from and against all losses, liabilities, damages, judgments, claims, counterclaims, demands, actions, proceedings, costs and expenses (including reasonable
                    attorneys’ fees) of every kind and character resulting from, relating to or arising out of (a) the inaccuracy, non-fulfillment or breach of any representation, warranty, covenant or agreement made by the Client herein, or (b) negligent or willful misconduct, occurring during the term thereof with respect to any of the decisions made by the Client (c) a violation of state or federal securities laws.

                

        

        

        	
                	
                    (b) The Consultant shall protect, defend, indemnify and hold Client and its assigns and attorneys, accountants, employees, officers and director harmless from and against all losses, liabilities, damages, judgments, claims, counterclaims, demands, actions, proceedings, costs and expenses (including reasonable
                    attorneys’ fees) of every kind and character resulting from, relating to or arising out of (a) the inaccuracy, non-fulfillment or breach of any representation, warranty, covenant or agreement made by the Consultant herein, or (b) negligent or willful misconduct, occurring during the term thereof with respect to any of the decisions made by the Consultant (c) a violation of state or federal securities laws.

                

        

        

        	15.	
                    Notices. Any notices required or permitted to be given under this Agreement shall be sufficient if in writing and delivered or sent by registered or certified mail, or by Federal Express or other recognized overnight courier to the principal office of each party.

                

        

        

        	16.	Waiver of Breach. Any waiver by either party or a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by any party.

        

        

        	17. 	Assignment. This Agreement and the right and obligations of the Consultant hereunder shall not be assignable without the written consent of the Client.

        

        

        

        

        

        
        

         

        

        	18.	Applicable Law. It is the intention of the parties hereto that this Agreement and the performance hereunder and all suits and special proceedings hereunder be construed in accordance with and under and pursuant to the laws of the State of California and that in any action, special proceeding or other proceedings that may be brought arising out of, in connection with or by reason of this Agreement, the law of the State of California
                shall be applicable and shall govern to the exclusion of the law of any other forum, without regard to the jurisdiction on which any action or special proceeding may be instituted.

         

        

        	19.	Severability. All agreements and covenants contained herein are severable, and in the event any of them shall be held to be invalid by any competent court, the Agreement shall be interpreted as if such invalid agreements or covenants were not contained herein.

         

        

        	20.	Entire Agreement. This Agreement constitutes and embodies the entire understanding and agreement of the parties and supersedes and replaces all other or prior understandings, agreements and negotiations between the parties.

         

        

        	21.	Waiver and Modification. Any waiver, alteration, or modification of any of the provisions of this Agreement shall be valid only if made in writing and signed by the parties hereto. Each party hereto, may waive any of its rights hereunder without affecting a waiver with respect to any subsequent occurrences or transactions hereof.

         

        

        	22.	Binding Arbitration. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the JAMS under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. The arbitration shall be conducted in Orange County, California. 

         

        

        	23.	Counterparts and Facsimile Signature. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. Execution and delivery of this Agreement by exchange of facsimile copies bearing the facsimile signature of a party hereto shall constitute a valid and binding execution and delivery of this Agreement
                by such party. Such facsimile copies shall constitute enforceable original documents.

         

        
        

        IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement, effective as of the date set forth above.

        If you are in agreement with the foregoing, please execute and return one copy of this letter to the undersigned. Thank you. We look forward to working with you.

        

        

        	CONSULTANT:	 	 	 	 
	 	 	 	 	 	 
	
                    

                    DJS Financial Services, Inc.

                	 	 	 	 
	 	 	  	  	 	 
	By:	 	 	DATE:	 	 
	 	Tom Bernard	 	 	 	 
	 	 	 	 	 	 
	Title: 	 Vice President	 	 	 	 
	 	 	 	 	 	 
	CLIENT:	 	 	 	 
	 	 	 	 	 	 
	VIVK	 	 	 	 	 
	 	 	 	DATE:	 	 
	By:	 	 	 	 	 
	 	 	 	 	 	 
	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}]]