Document:

ex101.htm

Exhibit 10.1

 

 

MANAGEMENT AGREEMENT

 

    This Agreement is entered into and effective as of July 14, 2008 by and between Gen2Media Corporation (Gen2) and Media Evolutions, Inc. (MEV).

 

    1. Gen2 is a digital media company, and MEV is a production company. The companies have common ownership, in that the owners
of MEV are also shareholders and officers of Gen2. Gen2 is a new public company, and to avoid any potential conflicts of interest or other similar issues, the parties have agreed to enter into this management agreement.

 

    2. Effective July 14, 2008, Gen2 shall manage 100% of the business and financial operations of MEV, and all revenue and profit
generated from MEV operations shall flow into Gen2 as management fees, and Gen2 shall pay all bills, including all equipment leases, credit line payments or other bills of MEV.

 

    3. Gen2 shall provide office and studio rental free of charge, personnel and all other expenses directly for all MEV projects,
and shall retain, as management fees, all profit resulting from products or services sold by MEV. Gen2 shall maintain a set of books under a management account, on behalf of MEV.

 

    4. This Agreement shall be governed under Florida Law, and shall be binding upon the parties as of the date hereof.

 

	Gen2Media Corporation 	 	 	Media Evolutions, Inc. 	 
	 	 	 	 	 
	 	 	 	 	 
	
/s/ Mary Spio, President 
	 	 	
/s/ Ian MacDaniel 
	 
	
Mary Spio, President 
	 	 	
Ian MacDaniel, Presidentex1017.htm

Exhibit 10.17

 PROMISSORY NOTE AND LOAN AGREEMENT

Amount of the Note: ________________________________

Date of the Note: ____________, 2009

Payee: ____________________________________________

FOR VALUE RECEIVED, the undersigned, Gen2Media Corporation (the "Maker") promises to pay to the order of the Payee, (“defined as the Payee or any Holder in due course of this Note), at such place as the Payee may from time to time designate to the Maker in writing, in legal tender of
the United States, the amount of the Note, upon the following terms:

1.           The Principal Amount of the Note shall be due and payable in full on December 31, 2010.

2.           Monthly payments of interest only shall be made on this Note at the rate of 12% per annum. The first payment shall be due and payable on the first day of the first full month following execution hereof,  which shall include all interest up to that date, and then
on the 1st day of each month thereafter.

3.           If, at any time, any monies due hereunder are not paid when due, or any other conditions hereof are not met, time being of the essence, Maker shall be in default.  In such event, Payee shall have all rights and remedies available to it under Florida law, and in
the event that Payee is required to take any legal action to collect upon, or otherwise enforce this Note, Maker agrees to pay all costs of collection of this Note including a reasonable attorney's fee, and all costs, expenses and attorney's fee for any retrial, rehearing or appeals on failure to pay any principal, interest or other sums due under this Note on the due date thereof.  In the event of default, this Note and all sums due hereunder shall bear interest at the highest lawful rate of interest
permitted in the State of Florida from and after the date when such sums are due.  The interest payable or agreed to be paid hereunder shall not exceed the highest lawful rate of interest permitted in the state of Florida, and if, inadvertently, there is such excess sum, it shall be applied to reduce the Principal Amount.

5.           This Note shall be construed and enforced according to the laws of Florida. This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom enforcement of any waiver, change, modification or discharge is sought.

6.           Payee hereby agrees to loan the sum of  ____________________________ under the terms and conditions of this Agreement, and agrees to terms and conditions set forth herein. Payee represents to Maker that he or she is an accredited investor, as that term is defined
under applicable laws, is fully aware of the risks associated with the loan that is being made hereby, and has had full and ample opportunity to review any and all pertinent financial and operational information relative to Maker, including all SEC filings or other documents, and has had the opportunity to seek and obtain any and all legal or financial advice or counsel relative to the making of this type of loan. All payments due hereunder shall be made to Payee at the following address:

_____________________________________

_____________________________________

_____________________________________

	

“Maker"

Gen2Media Corp.

 

 
	 	 	“Payee”	 
	
/s/ Thomas Moreland
	 	 	
/s/ 
	 
	
Thomas Moreland, CFO
	 	 	
Name 
	 
	
 
	 	 	
Titleex1018.htm

Exhibit 10.18

PROMISSORY NOTE AND LOAN AGREEMENT

Amount of the Note: ________________________________

Date of the Note:  ____________, 2009

Payee: ____________________________________________

FOR VALUE RECEIVED, the undersigned, Gen2Media Corporation (the "Maker") promises to pay to the order of the Payee, (“defined as the Payee or any Holder in due course of this Note), at such place as the Payee may from time to time designate to the Maker in writing, in legal tender of
the United States, the amount of the Note, upon the following terms:

1.           The Principal Amount of the Note shall be due and payable in full on December 31, 2010.

2.           Monthly payments of interest only shall be made on this Note at the rate of 12% per annum. The first payment shall be due and payable on the first day of the first full month following execution hereof,  which shall include all interest up to that date, and then
on the 1st day of each month thereafter.

3.           If, at any time, any monies due hereunder are not paid when due, or any other conditions hereof are not met, time being of the essence, Maker shall be in default.  In such event, Payee shall have all rights and remedies available to it under Florida law, and in
the event that Payee is required to take any legal action to collect upon, or otherwise enforce this Note, Maker agrees to pay all costs of collection of this Note including a reasonable attorney's fee, and all costs, expenses and attorney's fee for any retrial, rehearing or appeals on failure to pay any principal, interest or other sums due under this Note on the due date thereof.  In the event of default, this Note and all sums due hereunder shall bear interest at the highest lawful rate of interest
permitted in the State of Florida from and after the date when such sums are due.  The interest payable or agreed to be paid hereunder shall not exceed the highest lawful rate of interest permitted in the state of Florida, and if, inadvertently, there is such excess sum, it shall be applied to reduce the Principal Amount.

5.           This Note shall be construed and enforced according to the laws of Florida. This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom enforcement of any waiver, change, modification or discharge is sought.

6.           Payee hereby agrees to loan the sum of  ____________________________ under the terms and conditions of this Agreement, and agrees to terms and conditions set forth herein. Payee represents to Maker that he or she is an accredited investor, as that term is defined
under applicable laws, is fully aware of the risks associated with the loan that is being made hereby, and has had full and ample opportunity to review any and all pertinent financial and operational information relative to Maker, including all SEC filings or other documents, and has had the opportunity to seek and obtain any and all legal or financial advice or counsel relative to the making of this type of loan. All payments due hereunder shall be made to Payee at the following address:

_____________________________________

_____________________________________

_____________________________________

 

	
 “Maker”   

 

Gen2Media Corp.

 
	 	 	“Payee”	 
	
/s/ Thomas Moreland
	 	 	
/s/ 
	 
	
Thomas Moreland, CFO
	 	 	
Name 
	 
	
 
	 	 	
Titleex1020.htm

Exhibit 10.20

AMENDMENT TO  MUTUAL TERMINATION

 

OF EMPLOYMENT AGREEMENT

 

This Amendment to Mutual Termination of Employment Agreement is entered into by and between Gen2Media Corp. and James Byrd, Jr. effective as of the date of the original agreement dated July 9, 2009.

 

	
1.  
	
Byrd was the former Chairman and CEO of Gen2 who resigned these roles under Mutual Termination of Employment Agreement dated July 9, 2009. (“the  Termination Agreement”).

	
2.  
	
The Termination Agreement called for Byrd to have all future payments for 3,029,038 options due him under the Employment Agreement to be waived, and for him to receive, in consideration of ongoing consulting services, all remaining shares without any option payment.  However, instead the parties desire for Byrd to take a substantially reduced
consulting role, and to limit his consulting services to strategic growth and transactional consulting, and to working with the company’s ongoing shareholder and investor relations initiatives. Byrd will not provide any consulting in areas of management, operations or finance, and his time and services will be strictly limited to the foregoing areas. Byrd will not be made party to any ongoing material non-public information regarding the company or its operations.

	
3.  
	
In consideration of the fact that Byrd will be providing substantially reduced consulting services, and expending substantially less time on behalf of Gen2, Byrd has agreed to restore the option payment due for the aforementioned shares, at the original agreed rate of 5 cents per share. Additionally, Byrd shall be credited with all of his accrued back
pay, in the amount of $61,003, toward said option payment, which may be used by Byrd as a pro-rata credit against future exercise of all, or a part of the option shares.

	
4.  
	
Byrd may exercise all, or part, of the options shares at any time by providing written notice of exercise to Gen2, and paying the option price (or using the aforementioned credit). The parties stipulate and agree all of said options are fully vested, however, under no circumstance shall Byrd ever be able to exercise any portion of these options, if said
exercise would cause Byrd to directly or indirectly own more than 9.9% of the outstanding shares of Gen2. Byrd shall be solely responsible for monitoring his ownership interest and percentage.

	
5.  
	
Except as otherwise set forth herein, all terms and provision of the Mutual Termination of Employment Agreement dated July 9, 2009 shall remain in full force and effect.

 

 

Gen2Media Corp.

 

	 	 	 	 	 
	
By:/s/Tom Moreland
	 	 	
 /s/James S. Byrd Jr.
	 
	
Tom Moreland, CFO 
	 	 	
James S. Byrd, Jr.

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