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exhibit-4_16.htm

 

 

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AMENDING AGREEMENT

This AMENDING AGREEMENT made as of the 1st day of April, 2007, to the Producer Employment Agreement made as of the 24th day
of March, 2007 (the “Original Agreement”),

BETWEEN:

	
  
	
PACIFIC GOLD ENTERTAINMENT INC., a British Columbia company with a business office at #7 – 534 Cambie Street, Vancouver, British Columbia, V6B 2N7

(“PGE Inc.”)

AND:

	
  
	
RESULT TECHNOLOGY GROUP, LLC, a Delaware limited liability company with a business office at 526 Kingwood Drive, Suite 330, Kingwood, Texas, 77339

(“RTG LLC”)

WITNESSES THAT WHEREAS:

	
A.
	
By the Original Agreement made between the parties hereto PGE Inc. engaged the services of RTG LLC’s employee, Jennifer Sciole, to render non-exclusive services as a producer on the screenplay “Blood”;

	
B.
	
By an actor’s employment agreement dated March 24, 2007 between PGE Inc. and RTG LLC, relating to the services of Jennifer Sciole (the “Actor’s Agreement”), PGE Inc. engaged Jennifer Sciole as an actor in the screenplay “Blood”;

	
C.
	
The parties wish to amend the Original Agreement pursuant to the terms and conditions of this agreement;

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises, the covenants, agreements and warranties hereinafter set forth, it is hereby agreed as follows:

	
1.
	
The Original Agreement is hereby amended by deleting Clause 3(b) in its entirety and replacing it with the following:

	
  
	
“(b)  Deferred Compensation:  In addition to the Fixed Compensation payable under Clause 3(a), the Employee shall receive (1) an amount equal to US$5,000, in first position of all contingent deferments and (2) a number of restricted common shares in the capital of the Production Company equal to US$10,000 at US$0.25 per share for a total of 40,000 restricted common shares.  If
the Production Company received additional funding for the Screenplay after March 31, 2007, through an equity investment, financing, sale, Telefilm, or any other source, the Production Company will immediately pay the deferred compensation mentioned in this paragraph to the Employee.”

 

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2.
	
RTG LLC confirms that the compensation to be paid under the Actor’s Agreement consists only of the guaranteed compensation set out in Section 4(a) of the Actor’s Agreement and that there is no other compensation due or owing under the Actor’s Agreement.

	
3.
	
The Original Agreement shall henceforth be read and construed together with this Agreement, and the Original Agreement will remain in full force and effect.

	
4.
	
In the event of any inconsistencies between this agreement and the Original Agreement, this Agreement will govern.

	
5.
	
All terms, conditions, covenants, agreements, benefits and obligations contained in the Original Agreement, as amended hereby, will be binding upon and enure to the benefit of the parties hereto and their respective successors and assigns.

IN WITNESS WHEREOF this Amending Agreement has been executed the day and year first above written.

The Corporate Seal of                                                                                              
)

Pacific Gold Entertainment Inc.                                                                    
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was hereunto affixed in the presence of:                                                                )

                                      )

Per:           /s/ Authorized Signatory                                                                      
 )                                           (SEAL)

                                      )

                                      )

Authorized Signatory                                                                                              
)

The Corporate Seal of                                                                                               )

Result technology group, llc                                                                        )

was hereunto affixed in the presence of:                                                                )

                                      )

Per:           /s/ Authorized Signatory                                                                       
)                                           (SEAL)

                                      )

                                      )

Authorized Signatory                                                                                               )

 

 

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AMENDING AGREEMENT

This AMENDING AGREEMENT made as of the 1st day of April, 2007, to the Funding, Production and Distribution Agreement made as of the 2nd day
of November, 2006 (the “Original Agreement”),

BETWEEN:

	
  
	
PACIFIC GOLD ENTERTAINMENT INC., a British Columbia company with a business office at #7 – 534 Cambie Street, Vancouver, British Columbia, V6B 2N7

(“PGE Inc.”)

AND:

	
  
	
RTG PRODUCTIONS, a limited liability company with a business office at 526 Kingwood Drive, Suite 330, Kingwood, Texas, 77339

(“RTG”)

WITNESSES THAT WHEREAS:

	
A.
	
By the Original Agreement made between Pathway Films Inc. and RTG, Pathway Films Inc. engaged the services of RTG to render services as a producer on the screenplay “Blood”;

	
B.
	
By an assignment agreement made among Pathway Films Inc., PGE Inc. and RTG dated February 1, 2007, Pathway Films Inc. assigned all of its interest in the Original Agreement to PGE Inc. and RTG has consented to the assignment;

	
C.
	
The parties wish to amend the Original Agreement pursuant to the terms and conditions of this agreement;

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises, the covenants, agreements and warranties hereinafter set forth, it is hereby agreed as follows:

	
1.
	
The Original Agreement is hereby amended by deleting the “Producer Fees” clause in its entirety and replacing it with the following:

	
  
	
“Producer Fees:

	
  
	
Producers from RTG Productions will be paid $35,000 from the Producer budget.

 

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All Producer and Director fees will be drawn down in the following manner:

	
  
	
$10,000:  producers fee cash flowed from prep through principal, 20% in prep, 60% in principal, 20% upon completion; $15,000.  Deferred.  Upon final delivery (of film):

	
  
	
In addition to the producer fees payable, RTG will receive a number of restricted common shares in the capital of PGE Inc. equal to US$10,000 at US$0.25 per share for a total of 40,000 restricted common shares.”

	
2.
	
RTG confirms that it has received the 40,000 restricted common shares from PGE Inc.

	
3.
	
The Original Agreement will be read and construed together with this Agreement, and the Original Agreement will remain in full force and effect.

	
4.
	
In the event of any inconsistencies between this agreement and the Original Agreement, this Agreement will govern.

	
5.
	
All terms, conditions, covenants, agreements, benefits and obligations contained in the Original Agreement, as amended hereby, will be binding upon and enure to the benefit of the parties hereto and their respective successors and assigns.

IN WITNESS WHEREOF this Amending Agreement has been executed the day and year first above written.

 

The Corporate Seal of                                                                                              
)

Pacific Gold Entertainment Inc.                                                                    
)

was hereunto affixed in the presence of:                                                                )

                                      )

Per:           /s/ Authorized Signatory                                                                      
 )                                           (SEAL)

                                      )

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Authorized Signatory                                                                                              
)

The Corporate Seal of                                                                                               )

RTG Productions                                                                                                  
)

was hereunto affixed in the presence of:                                                                )

                                      )

Per:           /s/ Authorized Signatory                                                                       
)                                           (SEAL)

                                      )

                                      )

Authorized Signatory                                                                                               )

 

 

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PRODUCERS AGREEMENT

BETWEEN PATHWAY FILMS INC. AND

PACIFIC GOLD ENTERTAINMENT INC.

This Producers Agreement ("Agreement") is made and entered into as of May 1, 2007, ("Effective Date"), by Pathway Films Inc. (PF) and between Pacific Gold Entertainment Inc. (PGE) Where applicable "PF" and "PGE" will individually be referred to as the "Party" and collectively as the "Parties".

RECITALS:

WHEREAS, PF is in the business of securing capital, for, Feature and Long Form Films for Theatrical, Cable and Direct to Video Distribution.

WHEREAS, PGE is in the business of securing capital, writing and developing, recruiting talent for, producing and post-producing for Feature and Long Form Films for Theatrical, Cable and Direct to Video Distribution.

NOW, THEREFORE, in consideration of the above recitals and the commitments set forth herein, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

PF and PGE endeavor to equally produce, complete and aid in finding distribution for "Blood A Butcher’s Tale" (Working Title).

In exchange for producing services, compensation will be as follows:

$500,000.00 CDN producer’s fee upon first tier recoupment on a pari-passu, pro-rata basis.

In addition, 15% interest on the producer’s fee amount from May 1, 2007 accrued.

There will be no Film Equity included in this deal.

Credits: Ron Loudoun of Pathway Films Inc. is entitled to a full production credit as: Executive Producer.

REPRESENTATIONS AND WARRANTIES.

By "PF" Pathway Films Inc. named represent and warrant that as of the Effective Date, PF has the authority and power to enter into this Agreement.

By "PGE". Pacific Gold Entertainment named represent and warrant that as of the Effective Date, PGE has the authority and power to enter into this Agreement.

 

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CONFIDENTIALITY.

 The Parties acknowledge that Confidential Information (as defined below) is of great value to the Parties.  Accordingly, the Parties and its “Affiliates” agree not to divulge to anyone, either during or after the term of this Agreement, any Confidential Information obtained or developed during the term of this
Agreement.  Upon the expiration or termination of this Agreement, the both parties agrees to deliver to each other all documents, papers, drawings, tabulations, reports and similar documentation which are furnished by one another or which were prepared in the performance of the services.  Upon the expiration or termination of this Agreement, both parties agree to make no further use or utilization of any Confidential Information.   “Confidential
Information” means information of the Parties, its agents or assigns, or any person or business entity directly or indirectly controlled by or controlling, or in which any of the aforesaid have at least a 50% interest, which information is or has been disclosed to the parties or known to the parties as a consequence of or through the performance of services, whether or not related to its duties under this Agreement, including, without limitation, trade secrets, information relating to political,
business and social contacts, business relationships and opportunities, potential business opportunities and relationships, and other information previously unknown to both Parties.  Parties agrees and warrants that it shall refrain from stealing or misappropriating any of the Confidential Information gained through its relationship with each other, in any direct or indirect manner.  For purpose of this Agreement, “Affiliates”
shall mean any company directly or indirectly controlling, controlled by, or under common control with a Party.

NON-CIRCUMVENTION.  Parties agrees and warrants that it shall refrain from stealing or misappropriating any of the Confidential Information gained through its relationship with the each other, in any direct or indirect manner.  This includes most specifically bank
contacts, mailing concepts, advertising, promotional concepts, client referrals, investigative report formats, information sources, computer formats disclosed by the parties to each other and the parties agreeing not to solicit, serve or cater to, or engage, assist, be interested in or connected with any other persons or entities served by or related to the Parties, its contractors, employees, agents and directors, or soliciting, serving or catering to or any clients of the Parties.

 

GOVERNING LAW/ARBITRATION/REMEDIES:  This Agreement shall be deemed to have been executed and delivered within the British Columbia, and the rights and obligations of the Parties
hereunder shall be construed and enforced in accordance with, and governed by, the laws of the British Columbia, without regard to the conflicts of law principles thereof.  The place of arbitration shall be in the British Columbia applying its then current rules and the language of the arbitration shall be in English.  Judgment upon the award rendered by the arbitrator may be entered into any court having jurisdiction thereof.  The prevailing party in any such arbitration shall be
entitled to recover its reasonable attorneys’ fees and costs, in addition to the award of the arbitrator.

 

 

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ASSIGNMENT.  This Agreement may not be assigned or delegated by the Parties to any third parties.  This Agreement shall be binding on, and shall inure to the benefit of, the parties hereto and their respective heirs, legal representatives,
successors and assigns.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.  May 1, 2007

Pacific Gold Entertainment Inc.

/s/ Mark Tuit

By: __________________________

Mark Tuit - President

Pathway Films Inc.

/s/ Ron Loudoun

By: __________________________

Ron Loudoun - President

 

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