Document:

ex4-12.htm

    Exhibit
4.12

     

    EXECUTION
COPY

    

    

    
      	
               

               

               

               

              SHARE
      PURCHASE AGREEMENT

               

               

              Dated
      March 27, 2008

               

               

              between

               

               

              CAPITAL
      MARITIME & TRADING CORP.

               

               

              and

               

               

              CAPITAL
      PRODUCT PARTNERS L.P.

               

               

               

               

            

    

    

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    TABLE OF CONTENTS

     

    Page

    
      	
              ARTICLE I

               

              Interpretation

            
	 
      	 
      	 
      
	
              SECTION 1.01

            	
              Definitions

            	
              1

            
	 
      	 
      	 
      
	
              ARTICLE II

               

              Purchase and Sale of Shares;
  Closing

            
	 
      	 
      	 
      
	
              SECTION 2.01

            	
              Purchase and Sale of Shares

            	
              4

            
	
              SECTION 2.02

            	
              Closing

            	
              4

            
	
              SECTION 2.03

            	
              Place of Closing

            	
              4

            
	
              SECTION 2.04

            	
              Purchase Price for Shares

            	
              5

            
	
              SECTION 2.05

            	
              Payment of the Purchase Price

            	
              5

            
	 
      	 
      	 
      
	
              ARTICLE III

               

              Representations and Warranties of the
      Buyer

            
	 
      	 
      	 
      
	
              SECTION 3.01

            	
              Organization and Limited Partnership
      Authority

            	
              5

            
	
              SECTION 3.02

            	
              Agreement Not in Breach of Other
      Instruments

            	
              5

            
	
              SECTION 3.03

            	
              No Legal Bar

            	
              5

            
	
              SECTION 3.04

            	
              Issuance of Transferred Common
    Units

            	
              6

            
	
              SECTION 3.05

            	
              The Transferred Common Units

            	
              6

            
	
              SECTION 3.06

            	
              Securities Act

            	
              6

            
	
              SECTION 3.07

            	
              Private Offering

            	
              6

            
	
              SECTION 3.08

            	
              Independent Investigation

            	
              7

            
	 
      	 
      	 
      
	
              ARTICLE IV

               

              Representations and Warranties of the
      Seller

            
	 
      	 
      	 
      
	
              SECTION 4.01

            	
              Organization and Corporate
    Authority

            	
              7

            
	
              SECTION 4.02

            	
              Agreement Not in Breach

            	
              7

            
	
              SECTION 4.03

            	
              No Legal Bar

            	
              7

            
	
              SECTION 4.04

            	
              Good and Marketable Title to
Shares

            	
              7

            
	
              SECTION 4.05

            	
              The Shares

            	
              7

            
	
              SECTION 4.06

            	
              Securities Act

            	
              8

            
	
              SECTION 4.07

            	
              Independent Investigation

            	
              8

            
	 
      	 
      	 
      
	
              ARTICLE V

               

              Representations and Warranties of  the Seller
      Regarding the Vessel Owning Subsidiary

            
	 
      	 
      	 
      
	
              SECTION 5.01

            	
              Organization Good Standing and
      Authority

            	
              8

            
	
              SECTION 5.02

            	
              Capitalization

            	
              9

            
	
              SECTION 5.03

            	
              Organizational Documents

            	
              9

            

    

     

     

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

     

     

    
      	
              SECTION 5.04

            	
              Agreement Not in Breach

            	
              9

            
	
              SECTION 5.05

            	
              Litigation.

            	
              9

            
	
              SECTION 5.06

            	
              Indebtedness to and from Officers,
    etc

            	
              9

            
	
              SECTION 5.07

            	
              Personnel

            	
              10

            
	
              SECTION 5.08

            	
              Contracts and Agreements

            	
              10

            
	
              SECTION 5.09

            	
              Compliance with Law

            	
              10

            
	
              SECTION 5.10

            	
              No Undisclosed Liabilities

            	
              10

            
	
              SECTION 5.11

            	
              Disclosure of Information

            	
              11

            
	
              SECTION 5.12

            	
              Payment of Taxes

            	
              11

            
	
              SECTION 5.13

            	
              Permits

            	
              11

            
	
              SECTION 5.14

            	
              No Material Adverse Change in
    Business

            	
              11

            
	 
      	 
      	 
      
	
              ARTICLE VI

               

              Representations and Warranties of the Seller regarding
      the Vessel

            
	 
      	 
      	 
      
	
              SECTION 6.01

            	
              Title to Vessel

            	
              12

            
	
              SECTION 6.02

            	
              No Encumbrances

            	
              12

            
	
              SECTION 6.03

            	
              Condition

            	
              12

            
	 
      	 
      	 
      
	
              ARTICLE VII

               

              Covenants

            
	 
      	 
      	 
      
	
              SECTION 7.01

            	
              Financial Statements

            	
              12

            
	 
      	 
      	 
      
	
              ARTICLE VIII

               

              Amendments and Waivers

            
	 
      	 
      	 
      
	
              SECTION 8.01

            	
              Amendments and Waivers

            	
              12

            
	 
      	 
      	 
      
	
              ARTICLE IX

               

              Indemnification

            
	 
      	 
      	 
      
	
              SECTION 9.01

            	
              Indemnity by the Seller

            	
              13

            
	
              SECTION 9.02

            	
              Indemnity by the Buyer

            	
              13

            
	
              SECTION 9.03

            	
              Exclusive Post-Closing Remedy

            	
              13

            
	 
      	 
      	 
      
	
              ARTICLE X

               

              Miscellaneous

            
	 
      	 
      	 
      
	
              SECTION 10.01

            	
              Governing Law

            	
              14

            
	
              SECTION 10.02

            	
              Counterparts

            	
              14

            
	
              SECTION 10.03

            	
              Complete Agreement

            	
              14

            
	
              SECTION 10.04

            	
              Interpretation

            	
              14

            
	
              SECTION 10.05

            	
              Severability

            	
              14

            
	
              SECTION 10.06

            	
              Third Party Rights

            	
              14

            
	
              SECTION 10.07

            	
              Notices

            	
              14

            
	
              SECTION 10.08

            	
              Representations and Warranties to
      Survive

            	
              15

            
	
              SECTION 10.09

            	
              Remedies

            	
              15

            
	
              SECTION 10.10

            	
              Non-recourse to General Partner

            	
              15

            

    

     

     

    

    
      
        
          
          

        

        
          ii

          
            

          

        

        
          Table of Contents

        

      

    

    

    
      

        SHARE PURCHASE AGREEMENT (the “Agreement”), dated as
of March 27, 2008, by and between CAPITAL MARITIME & TRADING CORP. (the
“Seller”), a
corporation organized under the laws of the Republic of the Marshall Islands,
and CAPITAL PRODUCT PARTNERS L.P. (the “Buyer”), a limited
partnership organized under the laws of the Republic of the Marshall Islands and
recently formed by the Seller.

         

        RECITAL

         

        WHEREAS, the Buyer wishes to purchase
from the Seller, and the Seller wishes to sell to the Buyer, the five hundred
(500) shares of common stock (the “Shares”) representing
all of the issued and outstanding shares of common stock of Baymont Enterprises
Incorporated, a corporation organized under the laws of the Republic of Liberia
(the “Vessel Owning
Subsidiary”).

         

        WHEREAS, the Vessel Owning Subsidiary
is the registered owner of the Liberian flagged motor tanker “Amore Mio II” (the
“Vessel”).

         

        WHEREAS, the Seller wishes to transfer
to the Buyer all right, title and interest in the Vessel, and retain all assets
other than the Vessel, the Contracts (as defined below) and any necessary
permits and all liabilities of the Vessel Owning Subsidiary.

         

        WHEREAS, the Vessel is subject to a
time charter party agreement (type BPTIME3) dated September 27, 2007 and entered
into between Baymont and BP Shipping Limited (the “Charterer”) for a
period of 35 to 37 months from October 1, 2007, the date on which the Amore Mio
II was delivered to the Charterer (the “Charter”).

         

        WHEREAS, contemporaneously with the
execution of this Agreement, the Buyer and Capital Ship Management Corp. (“CSM”) will execute an
amendment to the Management Agreement dated as of April 3, 2007, as amended on
September 24, 2007, and entered into between the Buyer and CSM (the “Amendment to the Management
Agreement”).

         

        NOW, THEREFORE, the parties hereto
agree as follows:

         

        ARTICLE I

         

        Interpretation

         

                   SECTION 1.01  Definitions.  In this Agreement, unless
the context requires otherwise or unless otherwise specifically provided herein,
the following terms shall have the respective meanings set out below and
grammatical variations of such terms shall have corresponding
meanings:

         

        
          
            
            

          

          
            1

            
              

            

          

          
            Table of Contents

          

        

        “Agreement” means this
Agreement, including its recitals and schedules, as amended, supplemented,
restated or otherwise modified from time to time;

         

        “Amendment to the Management
Agreement” has the meaning given to it in the recitals;

         

        “Applicable Law” in
respect of any Person, property, transaction or event, means all laws, statutes,
ordinances, regulations, municipal by-laws, treaties, judgments and decrees
applicable to that Person, property, transaction or event and, whether or not
having the force of law, all applicable official directives, rules, consents,
approvals, authorizations, guidelines, orders, codes of practice and policies of
any Governmental Authority having or purporting to have authority over that
Person, property, transaction or event and all general principles of common law
and equity;

         

        “Amore Mio II” has the
meaning given to it in the recitals;

         

        “Buyer” has the
meaning given to it in the preamble;

         

        “Buyer Entities” means
the Buyer and its subsidiaries;

         

        “Buyer Indemnitees”
has the meaning given to it in Section 9.01;

         

        “Charter” has the
meaning given to it in the recitals;

         

        “Charterer” has the
meaning given to it in the recitals;

         

        “Closing” has the
meaning given to it in Section 2.02;

         

        “Closing Date” has the
meaning given to it in Section 2.02;

         

        “Commitment” means (a)
options, warrants, convertible securities, exchangeable securities, subscription
rights, conversion rights, exchange rights or other contracts that could require
a Person to issue any of its equity interests or to sell any equity interests it
owns in another Person (other than this Agreement and the related transaction
documents); (b) any other securities convertible into, exchangeable or
exercisable for, or representing the right to subscribe for any equity interest
of a Person or owned by a Person; and (c) stock appreciation rights, phantom
stock, profit participation, or other similar rights with respect to a
Person;

         

        “Common Units” has the
meaning ascribed to such term in the Partnership Agreement.

         

        “Contracts” has the
meaning given to it in Section 5.08;

         

        “Credit Facility”
means the US$350 million credit facility agreement dated March 19, 2008 between
the Buyer and HSH Nordbank AG;

         

        “CSM” has the meaning
given to it in the recitals;

         

        
          
            
            

          

          
            2

            
              

            

          

          
            Table of Contents

          

        

        “Encumbrance” means
any mortgage, lien, charge, assignment, adverse claim, hypothecation,
restriction, option, covenant, condition or encumbrance, whether fixed or
floating, on, or any security interest in, any property whether real, personal
or mixed, tangible or intangible, any pledge or hypothecation of any property,
any deposit arrangement, priority, conditional sale agreement, other title
retention agreement or equipment trust, capital lease or other security
arrangements of any kind;

         

        “Equity Interest”
means (a) with respect to any entity, any and all shares of capital stock or
other ownership interest and any Commitments with respect thereto, (b) any other
direct equity ownership or participation in a Person and (c) any Commitments
with respect to the interests described in (a) or (b);

         

        “Governmental
Authority” means any domestic or foreign government, including federal,
provincial, state, municipal, county or regional government or governmental or
regulatory authority, domestic or foreign, and includes any department,
commission, bureau, board, administrative agency or regulatory body of any of
the foregoing and any multinational or supranational organization;

         

        “Losses” means, with
respect to any matter, all losses, claims, damages, liabilities, deficiencies,
costs, expenses (including all costs of investigation, legal and other
professional fees and disbursements, interest, penalties and amounts paid in
settlement) or diminution of value, whether or not involving a claim from a
third party, however specifically excluding consequential, special and indirect
losses, loss of profit and loss of opportunity;

         

        “Notice” means any
notice, citation, directive, order, claim, litigation, investigation,
proceeding, judgment, letter or other communication, written or oral, actual or
threatened, from any Person;

         

        “Organizational
Documents” has the meaning given to it in Section 5.03;

         

        “Parties” means all
parties to this Agreement and “Party” means any one
of them;

         

        “Partnership
Agreement” means the Amended and Restated Agreement of Limited
Partnership of the Buyer dated April 3, 2007.

         

        “Person” means an
individual, entity or association, including any legal personal representative,
corporation, body corporate, firm, partnership, trust, trustee, syndicate, joint
venture, unincorporated organization or Governmental Authority;

         

        “Permits” has the
meaning given to it in Section 5.13;

         

        “Purchase Price” has
the meaning given to it in Section 2.04;

         

        “SEC Documents” means
the Prospectus of the Buyer dated March 29, 2007 and filed with the U.S.
Securities and Exchange Commission and all filings the

         

        
          
            
            

          

          
            3

            
              

            

          

          
            Table of Contents

          

        

        Buyer is
required to make pursuant to the Securities Act and the Securities Exchange Act
of 1934, as amended from time to time;

         

        “Securities Act” means
the Securities Act of 1933, as amended from time to time;

         

        “Seller” has the
meaning given to it in the preamble;

         

        “Seller Entities”
means the Seller and its affiliates other than the Buyer Entities;

         

        “Seller Indemnities”
has the meaning given to it in Section 9.02;

         

        “Shares” has the
meaning given to it in the recitals;

         

        “Taxes” means all
income, franchise, business, property, sales, use, goods and services or value
added, withholding, excise, alternate minimum capital, transfer, excise,
customs, anti-dumping, stumpage, countervail, net worth, stamp, registration,
franchise, payroll, employment, health, education, business, school, property,
local improvement, development, education development and occupation taxes,
surtaxes, duties, levies, imposts, rates, fees, assessments, dues and charges
and other taxes required to be reported upon or paid to any domestic or foreign
jurisdiction and all interest and penalties thereon;

         

        “Transferred Common
Units” has the meaning given to it in Section 2.04;

         

        “Vessel Owning
Subsidiary” has the meaning given to it in the recitals; and

         

        “Vessel” has the
meaning given to it in the recitals.

         

        ARTICLE
II

         

        Purchase and Sale of Shares;
Closing

         

                   SECTION 2.01  Purchase and Sale of
Shares.  The Seller agrees to sell and transfer to the
Buyer, and the Buyer agrees to purchase from the Seller for the Purchase Price
and in accordance with and subject to the terms and conditions set forth in this
Agreement, the Shares which in turn shall result in the Buyer indirectly owning
the Vessel.

         

                   SECTION 2.02  Purchase and Sale of
Shares.  On the
terms of this Agreement, the sale and transfer of the Shares and payment of the
Purchase Price shall take place on the date hereof (the “Closing
Date”).  The sale and transfer of the Shares is hereinafter
referred to as “Closing.”

         

                   SECTION 2.03  Place of
Closing.  The Closing shall take place at the premises of
CSM at 3 Iassonos Street, Piraeus, Greece.

         

        
          
            
            

          

          
            4

            
              

            

          

          
            Table of Contents

          

        

                   SECTION 2.04  Purchase Price for
Shares.  On the Closing Date, the Buyer shall pay to the
Seller (to such account as the Seller shall nominate) the amount of US Dollars
$48,000,000 and shall issue to the Seller 2,048,823 Common Units at a price of
US Dollars 22.94 per unit, which equals the volume weighted average price of the
Common Units on the NASDAQ Global Market for the period from October 15, 2007 to
February 15, 2008 (the “Transferred Common
Units” and, together with such cash consideration, the “Purchase Price”) in
exchange for the Shares.  The Buyer shall have no responsibility or
liability hereunder for the Seller’s allocation and distribution of the Purchase
Price among the Seller Entities.

         

                   SECTION 2.05  Payment
of the Purchase Price.  The Purchase Price (i) (to the
extent paid in US Dollars) will be paid by the Buyer to the Seller of the Shares
by wire transfer of immediately available funds to an account designated in
writing by the Seller and (ii) (to the extent paid in Common Units) will be paid
by the Buyer to the Seller of the Shares by delivery of certificates
representing the Transferred Common Units.

         

        ARTICLE
III

         

        Representations and
Warranties of the Buyer

         

        The Buyer represents and warrants to
the Seller that as of the date hereof:

         

                   SECTION 3.01  Organization and Limited
Partnership Authority.  The Buyer is duly formed, validly
existing and in good standing under the laws of the Republic of the Marshall
Islands, and has all requisite limited partnership power and authority to enter
into this Agreement and to consummate the transactions contemplated hereby. This
Agreement has been duly executed and delivered by the Buyer, has been
effectively authorized by all necessary action, limited partnership or
otherwise, and constitutes legal, valid and binding obligations of the Buyer. No
meeting has been convened or resolution proposed or petition presented and no
order has been made to wind up the Buyer.

         

                   SECTION 3.02  Agreement Not in Breach of
Other Instruments.  The execution and delivery of this
Agreement, the consummation of the transactions contemplated hereby and the
fulfillment of the terms hereof will not result in a breach of any of the terms
or provisions of, or constitute a default under, or conflict with, any agreement
or other instrument to which the Buyer is a party or by which it is bound, the
Certificate of Formation and the Partnership Agreement, any judgment, decree,
order or award of any court, governmental body or arbitrator by which the Buyer
is bound, or any law, rule or regulation applicable to the Buyer which
would have a material effect on the transactions contemplated
hereby.

         

                   SECTION 3.03  No Legal
Bar.  The Buyer is not prohibited by any order, writ,
injunction or decree of any body of competent jurisdiction from consummating the
transactions contemplated by this Agreement and no such action or proceeding is
pending or, to the best of its knowledge and belief, threatened against the
Buyer which questions the validity of this Agreement, any of the transactions
contemplated hereby or any action

         

        
          
            
            

          

          
            5

            
              

            

          

          
            Table of Contents

          

        

        which has
been taken by any of the parties in connection herewith or in connection with
any of the transactions contemplated hereby.

         

                   SECTION 3.04  Issuance of Transferred
Common Units.  The Transferred Common Units have been duly
authorized and validly issued and are fully paid and
non-assessable.

         

                   SECTION 3.05  The
Transferred Common Units.  Assuming the Seller has the
requisite power and authority to be the lawful owner of the Transferred Common
Units, upon delivery to the Seller at the Closing of certificates representing
the Transferred Common Units, or delivery of such Transferred Common Units by
electronic means, and upon the consummation of the purchase contemplated hereby,
the Seller shall own good and valid title to the Transferred Common Units, free
and clear of any Encumbrances, other than those arising from acts of the Seller
Entities.  Other than those created by or described in this Agreement
and the related transaction documents, the Buyer’s organizational documents,
restrictions imposed by Applicable Law or as disclosed in the SEC Documents, at
the Closing, the Transferred Common Units will not be subject to any voting
trust agreement or other contract, agreement, arrangement, commitment or
understanding restricting or otherwise relating to the voting, dividend rights
or disposition of the Transferred Common Units other than any agreement to which
any Seller Entity is a party.

         

                   SECTION 3.06  Securities Act.  The Shares purchased by
the Buyer pursuant to this Agreement are being acquired for investment purposes
only and not with a view to any public distribution thereof, and the Buyer shall
not offer to sell or otherwise dispose of the Shares so acquired by it in
violation of any of the registration requirements of the Securities
Act.  The Buyer acknowledges that it is able to fend for itself, can
bear the economic risk of its investment in the Shares, and has such knowledge
and experience in financial and business matters that it is capable of
evaluating the merits and risks of an investment in all of the
Shares.  The Buyer is an “accredited investor” as such term is defined
in Regulation D under the Securities Act.  The Buyer understands that,
when issued to the Buyer at the Closing, none of the Shares will be registered
pursuant to the Securities Act and that all of the Shares will constitute
“restricted securities” under the federal securities laws of the United
States.

         

                   SECTION 3.07  Private
Offering.  None of the Buyer, its affiliates and its
representatives has issued, sold or offered any security of the Buyer to any
person under circumstances that would cause the issuance and delivery of the
Transferred Common Units as contemplated by this Agreement to be subject to the
registration requirements of the Securities Act.  None of the Buyer,
its affiliates and its representatives will offer the Transferred Common Units
or any part thereof or any similar securities for issuance or sale to, or
solicit any offer to acquire any of the same from, any person so as to make the
issuance and sale of the Transferred Common Units subject to the registration
requirements of the Securities Act.  Assuming the representations of
the Seller contained in Section 4.06 are true and correct, the issuance and
delivery of the Transferred Common Units on or prior to the Closing Date will be
exempt from the registration and prospectus delivery requirements of the
Securities Act.

         

        
          
            
            

          

          
            6

            
              

            

          

          
            Table of Contents

          

        

                   SECTION 3.08  Independent
Investigation.  The Buyer has had the opportunity to
conduct to its own satisfaction independent investigation, review and analysis
of the business, operations, assets, liabilities, results of operations,
financial condition and prospects of the Vessel Owning Subsidiary and, in making
the determination to proceed with the transactions contemplated hereby, has
relied solely on the results of its own independent investigation and the
representations and warranties set forth in Articles IV, V and VI.

         

        ARTICLE
IV

         

        Representations and
Warranties of the Seller

         

        The Seller represents and warrants to
the Buyer that as of the date hereof:

         

                   SECTION 4.01  Organization and Corporate
Authority.  The Seller is duly incorporated, validly
existing and in good standing under the laws of the Republic of the Marshall
Islands, and has all requisite corporate power and authority to enter into this
Agreement and to consummate the transactions contemplated
hereby.  This Agreement has been duly executed and delivered by the
Seller, has been effectively authorized by all necessary action, corporate or
otherwise, and constitutes legal, valid and binding obligations of the Seller.
No meeting has been convened or resolution proposed or petition presented and no
order has been made to wind up the Seller.

         

                   SECTION 4.02  Agreement Not in Breach.  The execution
and delivery of this Agreement, the consummation of the transactions
contemplated hereby and the fulfillment of the terms hereof will not result in a
breach of any of the terms or provisions of, or constitute a default under, or
conflict with, any agreement or other instrument to which the Seller is a party
or by which it is bound, the Articles of Incorporation and Bylaws of the Seller,
any judgment, decree, order or award of any court, governmental body or
arbitrator by which the Seller is bound, or any law, rule or regulation
applicable to the Seller.

         

                   SECTION 4.03  No Legal
Bar.  The Seller is not prohibited by any order, writ,
injunction or decree of any body of competent jurisdiction from consummating the
transactions contemplated by this Agreement and no such action or proceeding is
pending or, to the best of its knowledge and belief, threatened against the
Seller which questions the validity of this Agreement, any of the transactions
contemplated hereby or any action which has been taken by any of the parties in
connection herewith or in connection with any of the transactions contemplated
hereby.

         

                   SECTION 4.04  Good and Marketable Title to
Shares.  The Seller is the owner (of record and
beneficially) of all of the Shares and has good and marketable title to the
Shares, free and clear of any and all Encumbrances.  The Shares
constitute 100% of the issued and outstanding Equity Interests of the Vessel
Owning Subsidiary.

         

                   SECTION 4.05  The
Shares.  Assuming the Buyer has the requisite power and
authority to be the lawful owner of the Shares, upon delivery to the Buyer at
the Closing

         

        
          
            
            

          

          
            7

            
              

            

          

          
            Table of Contents

          

        

        of
certificates representing the Shares, duly endorsed by the Seller for transfer
to the Buyer or accompanied by appropriate instruments sufficient to evidence
the transfer from the Seller to the Buyer of the Shares under the Applicable
Laws of the relevant jurisdiction, or delivery of such Shares by electronic
means, and upon the Seller’s receipt of the Purchase Price, the Buyer shall own
good and valid title to the Shares, free and clear of any Encumbrances, other
than those arising from acts of the Buyer Entities.  Other than this
Agreement and any related transaction documents, the Organizational Documents
and restrictions imposed by Applicable Law, at the Closing, the Shares will not
be subject to any voting trust agreement or other contract, agreement,
arrangement, commitment or understanding restricting or otherwise relating to
the voting, dividend rights or disposition of the Shares, other than any
agreement to which any Buyer Entity is a party.

         

                   SECTION 4.06  Securities Act.  The Transferred Common
Units transferred to the Seller pursuant to this Agreement are being acquired
for investment purposes only and not with a view to any public distribution
thereof, and the Seller shall not offer to sell or otherwise dispose of the
Transferred Common Units so acquired by it in violation of any of the
registration requirements of the Securities Act.  The Seller
acknowledges that it is able to fend for itself, can bear the economic risk of
its investment in the Transferred Common Units, and has such knowledge and
experience in financial and business matters that it is capable of evaluating
the merits and risks of an investment in all of the Transferred Common
Units.  The Seller is an “accredited investor” as such term is defined
in Regulation D under the Securities Act.  The Seller understands
that, when issued to the Seller at the Closing, none of the Transferred Common
Units will be registered pursuant to the Securities Act and that all of the
Transferred Common Units will constitute “restricted securities” under the
federal securities laws of the United States.

         

                   SECTION 4.07  Independent
Investigation.  The Seller has had the opportunity to
conduct to its own satisfaction independent investigation, review and analysis
of the business, operations, assets, liabilities, results of operations,
financial condition and prospects of the Buyer and, in making the determination
to proceed with the transactions contemplated hereby, has relied solely on the
results of its own independent investigation and the representations and
warranties set forth in Article III.

         

        ARTICLE V

         

        Representations and
Warranties of

        the Seller Regarding the
Vessel Owning Subsidiary

         

        The Seller represents and warrants to
the Buyer that as of the date hereof:

         

                   SECTION 5.01  Organization Good Standing
and Authority.  The Vessel Owning Subsidiary is a
corporation duly incorporated, validly existing and in good standing under the
laws of the Republic of Liberia.  The Vessel Owning Subsidiary has
full corporate power and authority to carry on its business as it is now, and
has since its incorporation been, conducted, and is entitled to own, lease or
operate the properties and assets it now

         

        
          
            
            

          

          
            8

            
              

            

          

          
            Table of Contents

          

        

        owns,
leases or operates and to enter into legal and binding contracts.  No
meeting has been convened or resolution proposed or petition presented and no
order has been made to wind up the Vessel Owning Subsidiary.

         

                   SECTION 5.02  Capitalization.  The
Shares consist of the 500 shares of common stock without par value and have been
duly authorized and validly issued and are fully paid and non-assessable, and
constitute the total issued and outstanding capital stock of the Vessel Owning
Subsidiary.  There are not outstanding (i) any options, warrants
or other rights to purchase from the Vessel Owning Subsidiary any capital stock
of such Vessel Owning Subsidiary, (ii) any securities convertible into or
exchangeable for shares of the capital stock of the Vessel Owning Subsidiary or
(iii) any other commitments of any kind for the issuance of additional
shares of capital stock or options, warrants or other securities of the Vessel
Owning Subsidiary.

         

                   SECTION 5.03  Organizational
Documents.  The Seller has supplied to the Buyer true and
correct copies of the organizational documents of the Vessel Owning Subsidiary,
as in effect as of the date hereof (the “Organizational
Documents”).

         

                   SECTION 5.04  Agreement Not in
Breach.  Neither the execution and delivery of this
Agreement nor the consummation of the transactions contemplated hereby will
violate, or result in a breach of, any of the terms and provisions of, or
constitute a default under, or conflict with, or give any other party thereto a
right to terminate any agreement or other instrument to which the Vessel Owning
Subsidiary is a party or by which it is bound including, without limitation, any
of the Organizational Documents, or any judgment, decree, order or award of any
court, governmental body or arbitrator applicable to the Vessel Owning
Subsidiary.

         

                   SECTION 5.05  Litigation.

         

        (a).           There
is no action, suit or proceeding to which the Vessel Owning Subsidiary is a
party (either as a plaintiff or defendant) pending before any court or
governmental agency, authority or body or arbitrator; there is no action, suit
or proceeding threatened against the Vessel Owning Subsidiary; and, to the best
knowledge of the Seller, there is no basis for any such action, suit or
proceeding;

         

        (b).           The
Vessel Owning Subsidiary has not been permanently or temporarily enjoined by any
order, judgment or decree of any court or any governmental agency, authority or
body from engaging in or continuing any conduct or practice in connection with
its respective business, assets, or properties; and

         

        (c).           There
is not in existence any order, judgment or decree of any court or other tribunal
or other agency enjoining or requiring the Vessel Owning Subsidiary to take any
action of any kind with respect to its respective business, assets or
properties.

         

                   SECTION 5.06  Indebtedness to and from
Officers, etc.  The Vessel Owning Subsidiary will not be
indebted, directly or indirectly, to any person who is an officer,

         

        
          
            
            

          

          
            9

            
              

            

          

          
            Table of Contents

          

        

        director,
stockholder or employee of the Seller or any spouse, child, or other relative or
any affiliate of any such person, nor shall any such officer, director,
stockholder, employee, relative or affiliate be indebted to the Vessel Owning
Subsidiary.

         

                   SECTION 5.07  Personnel.  The
Vessel Owning Subsidiary has no employees.

         

                   SECTION 5.08  Contracts and
Agreements.  Other than the Charter and the Amendment to
the Management Agreement (together, the “Contracts”), there
are no material contracts or agreements, written or oral, to which the Vessel
Owning Subsidiary is a party or by which any of the assets of the Vessel Owning
Subsidiary are bound.

         

        (a).           Each
of the Contracts is a valid and binding agreement of the Vessel Owning
Subsidiary, and to the best knowledge of the Seller, of all other parties
thereto;

         

        (b).           The
Vessel Owning Subsidiary has fulfilled all material obligations required
pursuant to its Contracts to have been performed by it prior to the date hereof
and has not waived any material rights thereunder; and

         

        (c).           There
has not occurred any material default on the part of the Vessel Owning
Subsidiary under any of the Contracts, or to the best knowledge of the Seller,
on the part of any other party thereto nor has any event occurred which with the
giving of notice or the lapse of time, or both, would constitute any material
default on the part of the Vessel Owning Subsidiary under any of the Contracts
nor, to the best knowledge of the Seller, has any event occurred which with the
giving of notice or the lapse of time, or both, would constitute any material
default on the part of any other party to any of the Contracts.

         

                   SECTION 5.09  Compliance with
Law.  The conduct of business by the Vessel Owning
Subsidiary does not and the execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby will not violate any laws,
statutes, ordinances, rules, regulations, decrees, orders, permits or other
similar items in force (including, but not limited to, any of the foregoing
relating to employment discrimination, environmental protection or conservation)
of any country, province, state or other governing body, the enforcement of
which would materially and adversely affect the business, assets, condition
(financial or otherwise) or prospects of the Vessel Owning Subsidiary taken as a
whole, nor has the Vessel Owning Subsidiary received any notice of any such
violation.

         

                   SECTION 5.10  No Undisclosed
Liabilities.  The Vessel Owning Subsidiary (and the Vessel
owned by it) has no liabilities or obligations of any nature, whether absolute,
accrued, contingent or otherwise, and whether due or to become due (including,
without limitation, any liability for Taxes and interest, penalties and other
charges payable with respect to any such liability or obligation).
Notwithstanding the foregoing, the Parties acknowledge and agree that there may
be obligations under the Contracts that are not due and payable as of the date
hereof and that will be the responsibility of the Seller pursuant to Section
9.01(c) of this Agreement.

         

        
          
            
            

          

          
            10

            
              

            

          

          
            Table of Contents

          

        

                   SECTION 5.11   Disclosure of
Information.  The Seller has disclosed to the Buyer all
material information on, and about, the Vessel Owning Subsidiary and the Vessel
and all such information is true, accurate and not misleading in any material
respect. Nothing has been withheld from the material provided to the Buyer which
would render such information untrue or misleading.

         

                   SECTION 5.12  Payment of
Taxes.  The Vessel Owning Subsidiary has filed all foreign,
federal, state and local income and franchise tax returns required to be filed,
which returns are correct and complete in all material respects, and has timely
paid all taxes due from it, and the Vessel is in good standing with respect to
the payment of past and current Taxes, fees and other amounts payable under the
laws of the jurisdiction where it is registered as would affect its registry
with the ship registry of such jurisdiction.

         

                   SECTION 5.13  Permits.  The
Vessel Owning Subsidiary has such permits, consents, licenses, franchises,
concessions, certificates and authorizations (“Permits”) of, and has
all declarations and filings with, and is qualified and in good standing in each
jurisdiction of, all federal, provincial, state, local or foreign Governmental
Authorities and other Persons, as are necessary to own or lease its properties
and to conduct its business in the manner that is standard and customary for a
business of its nature other than such Permits the absence of which,
individually or in the aggregate, has not and could not reasonably be expected
to materially or adversely affect the Vessel Owning Subsidiary.  The
Vessel Owning Subsidiary has fulfilled and performed all its obligations with
respect to such Permits which are or will be due to have been fulfilled and
performed by such date and no event has occurred that would prevent the Permits
from being renewed or reissued or that allows, or after notice or lapse of time
would allow, revocation or termination thereof or results or would result in any
impairment of the rights of the holder of any such Permit, except for such
non-renewals, non-issues, revocations, terminations and impairments that would
not, individually or in the aggregate, materially or adversely affect the Vessel
Owning Subsidiary, and none of such Permits contains any restriction that is
materially burdensome to the Vessel Owning Subsidiary.

         

                   SECTION 5.14  No Material Adverse Change
in Business.  Since December 31, 2007, there has been no material
adverse change in the condition, financial or otherwise, or in the earnings,
properties, business affairs or business prospects of the Vessel Owning
Subsidiary, whether or not arising in the ordinary course of business, that
would have or could reasonably be expected to have a material adverse effect on
the condition, financial or otherwise, or in the earnings, business affairs or
business prospects of the Vessel Owning Subsidiary.

         

        
          
            
            

          

          
            11

            
              

            

          

          
            Table of Contents

          

        

        ARTICLE
VI

         

        Representations and
Warranties of

        the Seller regarding the
Vessel

         

        The Seller represents and warrants to
the Buyer that as of the date hereof:

         

                   SECTION 6.01  Title to
Vessel.  (a) The Vessel Owning Subsidiary is the owner
(beneficially and of record) of the Vessel and has good and marketable title to
the Vessel.

         

                   SECTION 6.02  No
Encumbrances.  The Vessel Owning Subsidiary and the Vessel
are free of all Encumbrances other than the Encumbrances arising under the
Charter or the Credit Facility.

         

                   SECTION 6.03  Condition.  The
Vessel is (i) adequate and suitable for use by the Vessel Owning Subsidiary in
the manner that is standard and customary for a vessel of its type, ordinary
wear and tear excepted; (ii) seaworthy in all material respects for hull and
machinery insurance warranty purposes and in good running order and repair;
(iii) insured against all risks, and in amounts, consistent with common industry
practices; (iv) in compliance with maritime laws and regulations; and (v) in
compliance in all material respects with the requirements of its class and
classification society; and all class certificates of the Vessel are clean and
valid and free of recommendations affecting class; and the Buyer acknowledges
and agrees that, subject only to the representations and warranties in this
Agreement, it is acquiring the Vessel on an “as is, where is”
basis.

         

        ARTICLE
VII

         

        Covenants

         

                   SECTION 7.01  Financial
Statements.  The Seller agrees to cause the Vessel Owning
Subsidiary to provide access to the books and records of the Vessel Owning
Subsidiary to allow the Buyer’s outside auditing firm to prepare at the Buyer’s
expense any information, review or audit the Buyer reasonably believes is
required to be furnished or provided by the Buyer pursuant to applicable
securities laws.  The Seller will (A) direct its auditors to provide
the Buyer’s auditors access to the auditors’ work papers and (B) use its
commercially reasonable efforts to assist the Buyer with any such information,
review or audit and to provide other financial information reasonably requested
by the Buyer or its auditors, including the delivery by the Seller Entities of
any information, letters and similar documentation, including reasonable
“management representation letters” and attestations.

         

        ARTICLE
VIII

         

        Amendments and
Waivers

         

                   SECTION 8.01  Amendments and
Waivers.  This Agreement may not be amended except by an
instrument in writing signed on behalf of each parties hereto.  By an
instrument in writing the Buyer, on the one hand, or the Seller, on the other
hand, may waive compliance by the other with any term or provision of this
Agreement that such other party was or is obligated to comply with or
perform.

         

        
          
            
            

          

          
            12

            
              

            

          

          
            Table of Contents

          

        

        ARTICLE
IX

         

        Indemnification

         

                   SECTION 9.01  Indemnity by the
Seller.  The Seller shall be liable for, and shall
indemnify the Buyer and each of its subsidiaries and each of their directors,
employees, agents and representatives (the “Buyer Indemnitees”)
against and hold them harmless from, any Losses, suffered or incurred by such
Buyer Indemnitee:

         

                   (a).           by
reason of, arising out of or otherwise in respect of any inaccuracy in, or
breach of, any representation or warranty (without giving effect to any
supplement to the schedules or qualifications as to materiality or dollar amount
or other similar qualifications), or a failure to perform or observe any
covenant, agreement or obligation of, the Seller in or under this Agreement or
in or under any document, instrument or agreement delivered pursuant to this
Agreement by the Seller;

         

                   (b).           any
fees, expenses or other payments incurred or owed by the Seller or the Vessel
Owning Subsidiary to any brokers, financial advisors or comparable other persons
retained or employed by it in connection with the transactions contemplated by
this Agreement; or

         

        (c).    by reason of, arising
out of or otherwise in respect of obligations, liabilities, expenses, cost and
claims relating to, arising from or otherwise attributable to the assets owned
by the Vessel Owning Subsidiary or the assets, operations, and obligations of
the Vessel Owning Subsidiary or the businesses thereof, in each case, to the
extent relating to, arising from, or otherwise attributable to facts,
circumstances or events occurring prior to the Closing Date.

         

                   SECTION 9.02  Indemnity by the
Buyer.  The Buyer shall indemnify the Seller and its
subsidiaries other than any Buyer Indemnitees and each of their respective
officers, directors, employees, agents and representatives (the “Seller Indemnitees”)
against and hold them harmless from, any Losses, suffered or incurred by such
Seller Indemnitee by reason of, arising out of or otherwise in respect of any
inaccuracy in, or breach of, any representation or warranty (without giving
effect to any supplement to the schedules occurring after the date hereof or
qualifications as to materiality or dollar amount or other similar
qualifications), or a failure to perform or observe any covenant, agreement or
obligation of, the Buyer in or under this Agreement or in or under any document,
instrument or agreement delivered pursuant to this Agreement by the
Buyer.

         

                   SECTION 9.03  Exclusive Post-Closing
Remedy.  After the Closing, and except for any
non-monetary, equitable relief to which any Party may be entitled, or any
remedies for willful misconduct or actual fraud, the rights and remedies set
forth in this Article IX shall constitute the sole and exclusive rights and
remedies of the Parties under or with respect to the subject matter of this
Agreement.

         

        
          
            
            

          

          
            13

            
              

            

          

          
            Table of Contents

          

        

        ARTICLE X

         

        Miscellaneous

         

                   SECTION 10.01  Governing
Law.  This Agreement shall be governed by, and construed in
accordance with, the laws of the State of New York applicable to contracts made
and to be performed wholly within such jurisdiction without giving effect to
conflict of law principles thereof other than Section 5-1401 of the New York
General Obligations Law, except to the extent that it is mandatory that the law
of some other jurisdiction, wherein the Vessel is located, shall
apply.

         

                   SECTION 10.02  Counterparts.  This
Agreement may be executed simultaneously in one or more counterparts, each of
which shall be deemed an original, but all of which shall constitute but one and
the same instrument.

         

                   SECTION 10.03  Complete
Agreement.  This Agreement and Schedules hereto contain the
entire agreement between the parties hereto with respect to the transactions
contemplated herein and, except as provided herein, supersede all previous oral
and written and all contemporaneous oral negotiations, commitments, writings and
understandings.

         

                   SECTION 10.04  Interpretation.  The
headings contained in this Agreement are for reference purposes only and shall
not affect in any way the meaning or interpretation of this
Agreement.

         

                   SECTION 10.05  Severability.  If
any of the provisions of this Agreement are held by any court of competent
jurisdiction to contravene, or to be invalid under, the laws of any governmental
body having jurisdiction over the subject matter hereof, such contravention or
invalidity shall not invalidate the entire Agreement.  Instead, this
Agreement shall be construed as if it did not contain the particular provision
or provisions held to be invalid, and an equitable adjustment shall be made and
necessary provision added so as to give effect, as nearly as possible, to the
intention of the Parties as expressed in this Agreement at the time of execution
of this Agreement.

         

                   SECTION 10.06  Third Party
Rights.  Except to the extent provided in Article IX, a Person
who is not a party to this Agreement has no right to enforce or to enjoy the
benefit of any term of this Agreement.

         

                   SECTION 10.07  Notices.  Any
notice, claim or demand in connection with this Agreement shall be delivered to
the parties at the following addresses (or at such other address or facsimile
number for a party as may be designated by notice by such party to the other
party):

         

        (a).           if
to Capital Maritime & Trading Corp., as follows:

         

        c/o
Capital Ship Management Corp., 3 Iassonos Street, Piraeus, Greece

        Attention:     Evangelos
M. Marinakis

        Facsimile:     +30
210 428 4286

         

        
          
            
            

          

          
            14

            
              

            

          

          
            Table of Contents

          

        

        (b).           if
to Capital Product Partners L.P., as follows:

         

        c/o
Capital Ship Management Corp., 3 Iassonos Street, Piraeus, Greece

        Attention:     Ioannis
E. Lazaridis

        Facsimile:     +30
210 428 4285

         

        and any
such notice shall be deemed to have been received (i) on the next working
day in the place to which it is sent, if sent by facsimile or (ii) forty
eight (48) hours from the time of dispatch, if sent by courier.

         

                   SECTION 10.08  Representations and
Warranties to Survive.  All representations and warranties
of the Buyer and Seller contained in this Agreement shall survive the Closing
and shall remain operative and in full force and effect after the Closing,
regardless of (a) any investigation made by or on behalf of any Party or its
affiliates, any Person controlling any Party, its officers or directors, and (b)
delivery of and payment for the Shares.

         

                   SECTION 10.09  Remedies.  Except
as expressly provided in Section 9.03, the rights, obligations and remedies
created by this Agreement are cumulative and in addition to any other rights,
obligations or remedies otherwise available at law or in
equity.  Except as expressly provided in this Agreement, nothing in
this Agreement will be considered an election of remedies.

         

                   SECTION 10.10  Non-recourse to General
Partner.  Neither the Buyer’s general partner nor any other
owner of Equity Interests in the Buyer shall be liable for the obligations of
the Buyer under this Agreement or any of the related transaction documents,
including, in each case, by reason of any payment obligation imposed by
governing partnership statutes.

         

        

        
          
            
            

          

          
            15

            
              

            

          

          
            Table of Contents

          

        

        

        IN WITNESS WHEREOF, each of the parties
hereto has caused this Agreement to be signed as of the date first above
written.

         

        

        
          	 
      	
                  CAPITAL
      MARITIME & TRADING CORP.

                
	 
      	 
      
	 
      	 
      
	 
      	
                  By:

                	 
      
	 
      	
                  Name:

                	
                  Evangelos
      M. Marinakis

                
	 
      	
                  Title:

                	
                  President
      and Chief Executive Officer

                
	 
      	 
      
	 
      	 
      
	 
      	
                  CAPITAL
      PRODUCT PARTNERS L.P.

                
	 
      	
                  By:
      Capital GP L.L.C., its general partner

                
	 
      	 
      
	 
      	
                  By:

                	 
      
	 
      	
                  Name:

                	
                  Ioannis
      E. Lazaridis

                
	 
      	
                  Title:

                	
                  Chief
      Executive Officer and Chief

                  Financial
      Officer of Capital GP, L.L.C.

                
	 
      	 
      

        

        

    

     

     

    16G2 Ventures, Inc.: Exhibit 10.1

  

Exclusive Recording Artist Agreement 

This Agreement is made
as of the 31st day of March, 2008 by and between G2 VENTURES, INC. 
(hereinafter "G2") and Joseph Donnelly, individually p/k/a "Jeremiah Donnelly"
(hereinafter "Artist"). 

1. 
ARTIST'S WARRANTIES AND REPRESENTATIONS 

1.01. Artist
represents and warrants that: (a) it is authorized, empowered and able to enter
into and fully perform its obligations under this Agreement; (b) neither this
Agreement nor the fulfillment thereof by any party infringes upon the rights of
any other person or entity; (c) it has not and will not do anything that impairs
G2's rights under this Agreement, nor will it permit any other person or entity
to do so; and (d) Artist is resident in the United States of America for income
tax purposes. 

1.02. Artist further
represents and warrants that: (a) there now exist no prior recorded performances
by Artist other than those listed on the attached Exhibit A and that no
recordings from those Masters will be released during the term hereof; (c) none
of the Masters delivered to G2 by Artist, nor the performances embodied thereon,
nor any other Materials, nor any use thereof by G2 or its grantees, licensees or
assigns, will violate or infringe upon the rights of any third party.
"Materials," as used in this Paragraph, means all Controlled Compositions, each
name used by Artist, any logo used by Artist, and all other musical, artistic,
literary and other materials, ideas and other intellectual properties furnished
by Artist or any other producer engaged by Artist and contained or used in
connection with any Masters made hereunder, or the packaging, sale, advertising
or other exploitation thereof. 

2. TERM AND RECORDING
COMMITMENT 

2.01. The Term of this
Agreement shall be for an Initial Period commencing on the date hereof and
expiring nine months thereafter. 

2.02. Artist hereby
grants to G2 three (3) separate and irrevocable options to extend the Term of
this Agreement for further periods (the "Option Periods") commencing immediately
upon the expirations of the Initial Period and expiring one year after delivery
to G2 of the Minimum Recording Commitment for said Option Period. Each option
shall be exercised by written notice from G2 to Artist postmarked or delivered
before upon the expiration of the prior terms; provided that, G2 shall have a
thirty day right to cure any inadvertent failure to exercise such option. 

2.03. During the Term
of this Agreement (as the same may be extended) Artist agrees to produce and
Artist shall deliver to G2 Masters comprising sound alone sufficient to comprise
the following (the "Minimum Recording Commitment"): 

(a) during the Initial Period- - one (1)
Album (the "First Album") 

(b) during the First Option Period- - one
(1) Album (the "Second Album") 

(c) during the Second Option Period- - one
(1) Album (the "Third Album") 

(d) during the Third Option Period- - one
(1) Album (the "Fourth Album") 

2.04. Notwithstanding anything else herein
to the contrary: 

(a) Each Album shall
be delivered to G2 within four (4) months after the commencement of the
applicable Initial Period of Option Period. The Album currently being recorded
by the Artist shall, when delivered, count as the Minimum Recording Commitment
for the Initial Period. 

(b) Artist shall not
commence the recording of any Album hereunder earlier than three (3) months
following the delivery to G2 of the prior album. 

(c) G2 shall not be
obliged to accept delivery of any Album hereunder earlier than one year
following the date of delivery to G2 of the prior album. If any such premature
delivery is tendered, the contractual date of deliver hereunder of such Album
shall be deemed to be the date one year following the date of delivery of the
prior album, provided that the prior album has been recorded and delivered in
all respects in accordance with the provisions of this Agreement and comprises
acceptable Masters as herein provided. 

(d) In the event that,
during the Initial Period of the Option Periods, Artist produces more than the
Minimum Recording Commitment, G2 shall as its sole option be entitled to treat
such additional material (or some of it) as counting towards the Minimum
Recording Commitment (or not) but said additional material shall be and remain
the sole and exclusive property of G2 subject to the provisions of this
Agreement. 

(e) Each Album
delivered shall consist of not less than ten (10) Masters and not less than
forty-five (45) nor more than seventy-four (74) minutes of Artist's
performances. Each Master shall consist of not less than two minutes and thirty
seconds of Artist's performances. No Album consisting of Artist's "live"
performances shall be deemed to be in fulfillment of any of Artist's obligations
hereunder except that upon mutual consent, in writing, a live recording may be
accepted in fulfillment of Artist's Minimum Recording Commitment. If any such
performances are recorded during the Term hereof, G2 shall be the owner thereof
and shall have the right to exploit same under the same terms as contained
herein for the First Album, except that no advance will be paid to Artist. No
Multiple Albums shall be delivered hereunder without G2's prior written consent;
any such Multiple Album delivered to and accepted by G2 shall be deemed a single
Album for all purposes hereof. No Mini-Album shall form part of the Minimum
Recording Commitment unless expressly agreed in writing by G2 at its absolute
discretion. 

(f) Artist shall
deliver to G2 each Master hereunder in the form of a digital two-track stereo
tape master, as well as reference discs which are representative of such tape
masters. Artist shall also deliver at the same time any multi-track master tapes
recorded in connection with the same project. The two-track stereo master tape
shall be fully edited, mixed, equalized and leadered for the production of parts
from which satisfactory Phonograph Records can be manufactured. 

(g) As used in this
Agreement, "delivery" shall mean the receipt of all tape masters as provided
herein, as well as Artist's submission to G2 in written form of all necessary
information, consents, licenses and permissions that G2 requires to manufacture,
distribute and release the Masters as Phonograph Records, including, but not
limited to, mechanical licenses, credits, musician and producer releases, and
any information required to be delivered to unions or other third parties.
Payment of funds due at delivery by G2 shall not be deemed a waiver of
information or documents required hereunder. 

(h) Artist shall be
available to G2 and shall perform for the purposes of making such music videos
at such time and places as G2 shall reasonably agree with Artist. The cost of
making such music videos shall be deemed advances hereunder and shall be fifty
percent (50%) recoupable from all sources, excluding Mechanical Royalties,
payable to Artist hereunder. 

3. GRANT
OF RIGHTS 

3.01. During the Term
of this Agreement, Artist shall furnish to G2 its exclusive recording services
throughout the Universe. Any contract entered into by Artist or on Artist's
behalf during the Term hereof or any extensions thereof for Artist's
performances in television or radio broadcasts or motion pictures or stage
productions shall specifically exclude the right to use any recording of such
performance for the manufacture and sale of Phonograph Records or music videos
unless previously authorized in writing by G2. Artist shall promptly deliver to
G2 copies of the pertinent provisions of each such contract and Artist will
cooperate fully with G2 in any controversy dispute or litigation which may arise
in relation to the rights of G2 under this Paragraph. 

3.02. Artist hereby
grants and assigns to G2 all rights of every kind and the complete,
unconditional, exclusive, perpetual, unencumbered title throughout the Universe
in and all results and products of Artist's services and performances hereunder,
any and all Masters, records, tapes, sound recordings, music videos, long form
videos, and other material of every kind made or authorized by G2 hereunder or
otherwise produced during the Option Terms and which include the voice,
instrumental or other sound and/or visual effects, services, or performances of
Artist, including without limitation the right to record, reproduce, broadcast,
transmit, publish, sell, exhibit, distribute, advertise, exploit, perform, and
use the same separately or in combination with any other material for any
purpose in any manner, under any label, trademark, or other 
identification and by any means or
method, whether known or not now known, invented, used or contemplated, and to
refrain from all or any part thereof. 

3.03. Without in any
way limiting the generality of the foregoing, Artist hereby grants to G2 the
following rights throughout the Universe which G2 may use or refrain from using
as it elects in G2's sole discretion: 

(a) the exclusive
right during the Term hereof to manufacture, distribute, and sell anywhere in
the Universe Phonograph Records and music videos reproducing Artist's
performances; 

(b) the exclusive
right for the full periods of copyright to manufacture, distribute, and sell
throughout the Universe Phonograph Records and music videos produced from
Masters made during the Option Terms hereunder; 

(c) the exclusive
right for the full periods of copyright to manufacture, distribute, and sell
throughout the Universe Phonograph Records and music videos produced from
masters made during the Option Terms hereunder; 

(d) the exclusive
right to authorize public performances in the Universe of Phonograph Records and
music videos produced during the Option Terms hereunder; 

(e) the right to
permit and authorize others to exercise, directly or through persons designated
by them, any and all G2's rights hereunder. 

3.04. (a) Each Master
(including all sound recordings embodied thereon) produced hereunder or
embodying Artist's performances and recorded during the Initial Term shall
belong to Artist. Artist grants G2 a security interest in and to its copyright
in the First Album to secure recoupment of all sums expended by G2 in the
recording and promotion of all Albums recorded under this Agreement. Artist
further agrees to execute any document reasonably necessary to perfect such
security interest. In the event Artist fails to execute any such documents or
instruments Artist hereby irrevocably grants G2 power of attorney, coupled with
any interest, to execute all such security agreements. 

(b) Each Master
(including all sound recordings embodied thereon) produced hereunder or
embodying Artist's performances and recorded during the Option Terms shall, from
the inception of its creation, be considered a "work made for hire" for G2
within the meaning of the U.S. Copyright Law. If it is determined that a Master
does not so qualify then such Master, together with all rights in it (including
the sound recording copyright), shall be deemed, and hereby transferred and
assigned to G2 by this Agreement. Artist agrees to execute and deliver to G2 any
and all documents or instruments which G2 may request in order to confirm G2's
acquisition and/or title to the Masters (including the copyright) as described
herein. In the event Artist fails to execute any such documents or instruments
Artist hereby irrevocably grants to G2 power of attorney, coupled with an
interest, to execute all such documents of conveyance. All Masters recorded by
Artist from the inception of the recording thereof and all reproductions derived
therefrom, together with the performances embodied thereon, shall be entirely
the property of G2 in perpetuity, throughout the Universe, free of any claim
whatsoever by Artist or any persons deriving any rights or interests therefrom.

3.05. Artist shall not
authorize or permit Artist's performances to be recorded for any purpose without
obtaining an express written approval of G2, and Artist shall take reasonable
measures to prevent the manufacture, distribution and sale of Phonograph Records
or music videos containing its performances (and the use of Artist's name and
likeness in connection therewith) by any person or entity other than G2, its
successors, licensees and assigns. 

3.06. Artist grants G2
the right to include any Master produced and delivered hereunder in a soundtrack
or compilation album, at any time, and without any further advance, except that
royalties shall be payable as provided herein. 

3.07. As used in this
Agreement, "Phonograph Records" shall include any and all mechanical
reproductions of the Masters produced and delivered hereunder, in any format,
whether now known or unknown, including but not limited to compact discs,
cassette tapes, vinyl records, DAT tapes or any future format. 

4. 
RECORDING COSTS AND PROCEDURES 

4.01. Advances payable
to Artist pursuant to this Agreement are and shall be inclusive of all costs
incurred in the course of producing and recording Masters hereunder (including
without limitation, the costs of studio time, musician fees, union payments,
instrument hire, producer's fees, and the cost of tape editing, mixing, remixing
and masters, advances, and other similar costs customarily regarded in the
industry as being recording costs.) All such costs are sometimes herein referred
to as "recording costs" and shall constitute advances recoupable from royalties
payable hereunder. G2 shall, in accordance with the provisions of this
Agreement, deduct and retain out of said advances such sums as may be necessary
to pay the said recording coasts. In the event that, as a result of an event
within the control of the Artist but unapproved by G2, any recording costs shall
exceed the amount of the recording fund specifically referred to in Paragraph
5.01. below, then the excess costs shall (if paid by G2) constitute a loan to
Artist payable on demand and without prejudice to G2's other rights and the same
shall, at G2's election, be recoverable by G2 out of any monies payable by G2 to
Artist or on Artist's behalf hereunder. Any recording cost that exceeds the
amount of the recording fund specifically referred to in Paragraph 5.01 below,
but which has been approved by G2, shall be treated as an increase in said
recording fund. 

4.02. G2 and Artist
shall, prior to the commencement of any recording: (a) mutually designate the
producer(s) of all Masters hereunder; and (b) agree on a budget for recording
costs. G2 shall not unreasonably withhold its consent to any budget for
recording costs that is less than ninety percent (90%) of the recording fund for
that album as specified in Paragraph 5.01. G2 has previously approved the
budgets for the First and Second Albums. 

4.03. Artist shall be
properly rehearsed and shall appear at the times and places designated by G2
after consultation with and reasonable notice to Artist from time to time for
all recording sessions required hereunder and at each session Artist shall
tender their professional services to the best of their ability. G2 and Artist
shall mutually designate the material to be recorded and each Master shall be
subject to G2's approval as technically and commercially satisfactory. Upon G2's
request, Artist shall re-record any material until a Master, which in G2's sole
judgment is satisfactory, shall be obtained. 

4.04. The Masters
delivered to G2 by Artist under this Agreement and the performances embodied
therein shall be produced in accordance with the rules and the regulations of
the American Federation of Musicians, the American Federation of Television and
Radio Artists and all other unions having jurisdiction. Artist is or will become
and remain, to the extent necessary to fulfill this Agreement, a member in good
standing of all labor unions or guilds in which membership may be required for
the performance of Artist's services hereunder. 

4.05. Artist shall not
perform for or in connection with (and shall not permit any other person or
entity to use Artist's name or likeness in connection with) the recording or
exploitation of any Phonograph Record embodying any Composition recorded by
Artist under this Agreement prior to a date five (5) years subsequent to the
expiration or termination of the term of this Agreement, or any extensions
thereof. 

4.06. Without limiting
the foregoing, G2 shall not be required to make any payments of any kind for, or
in connection with, the acquisition, exercise or exploitation of rights by G2
except as specifically provided in this Agreement. Artist shall be solely
responsible for all sums due to labor unions or guilds, individual musicians,
producers and all other persons or entities entitled to received royalties or
other payments in connection with the sale of Phonograph Records derived from
Masters hereunder, although G2 will undertake to make all such payments to the
extent of the recording fund specified in Paragraph 5.01, and Artist's liability
to producers for royalties shall be limited to two percent of retail. None of
the persons whose performances are embodied in the Masters or whose services are
used in recording the Masters shall be bound by any otherwise bound or
restricted, Artist shall obtain all necessary clearances in writing. 

5. 
ADVANCES AND RECORDING FUND 

5.01. As advances
against and recoupable from royalties payable hereunder, G2 agrees to pay with
respect to each Album constituting the Minimum Recording Commitment hereunder a
sum equal to the amount by which the applicable sum set forth below ("Album
Recording Fund") exceeds the sum of the documented receipts for the recording
costs concerned and any other advances made to Artist prior to delivery of the
applicable Album: 

	Album Recording Fund:	First Album	$25,000
	 	Second Album	$30,000

	 	Third Album	$40,000
	 	Fourth Album	$75,000

5.02. If net sales
through normal retail channels in the United States for which royalties are
payable pursuant to Paragraph 6.01(a) below, net of applicable reserves of any
album shall exceed seventy-five thousand (75,000) units as of the date nine (9)
months after the initial release of that album in the United States, then the
Album Recording Fund on the next subsequent album shall be increases by Ten
Thousand Dollars ($10,000). 

5.03. The advances due
under Paragraph 5.01 shall be payable promptly following the deliver to G2 of
(a) the Minimum Recording Commitment; (b) the documents required under Paragraph
2.4(g); and (c) all invoices pertaining to the recording of the Minimum
Recording Commitment. With respect to payments to be made following delivery, G2
shall have the right to withhold ten percent (10%) for ninety (90) days to
provide for anticipated costs which have not yet been paid. 

5.04. All advances
paid to Artist or on Artist's behalf shall be recoupable against the royalties
payable under this Agreement, from whatever the source, except that advances
shall not be recoupable against Mechanical Royalties except as provided for in
Paragraph 8.01. 

6. 
ROYALTIES 

6.01. Subject to
Artist's compliance with all obligations required of Artist hereunder and
subject as otherwise granted herein, G2 will pay to Artist for the rights
granted herein and for the services performed hereunder the royalties set out
below, being percentages of one hundred percent (100%) of G2's published
wholesale price, exclusive of taxes and duties actually paid by G2, and the
container cost deductions specified below for all records and music videos
manufactured, sold and not returned, and for which G2 is paid reproducing
exclusively Masters recorded hereunder, namely: 

(a) With respect to
the sales for distribution in the United States of Albums reproducing
exclusively Masters hereunder: Twenty Percent (20%). 

(b) The royalty rate
with respect to 12-inch singles shall be fifteen percent (15%). 

(c) The royalty rate
with respect of 7-inch singles and other records shall be twelve percent (12%).

(d) The royalty rate
with respect to the following is thirteen percent (13%): records sold to any
government body, PX sales, sales to educational institutions, record clubs,
soundtrack records, compilation records, budget records (defined as a record
which is sold as wholesale price of at least fifty percent but less than eighty
percent of G2's published wholesale price), and EP records (defined as records
containing between three and nine Masters): except that the royalty rate for
compilations releases exclusively on the G2 label shall be twenty percent (20%).
Royalties for soundtracks and compilations on which Artist appears with other
performers shall be pro-rated in the same proportion that Artist's Master bear
to the entire album. 

(e) Foreign royalty
rate: The rate for the records manufactured by G2 or G2's affiliates and sold
outside the United States will be sixty-six and two-thirds percent (66 2/3%) of
the applicable royalty except that the royalty rate for masters licensed by G2
outside the United States shall be fifty percent (50%) of the net income
therefrom. Net income shall mean all income received less third party out of
pocket expenses to establish the license, third party out of pocket collection
costs, foreign currency exchange, wire transfer fees and applicable taxes.

(f) Royalty rate for
music videos sold and not returned shall be ten percent (10%) of G2's published
wholesale price. 

7. 
ROYALTY PAYMENTS 

7.01. Royalties earned
hereunder will be accrued semi-annually and paid, less all advances, taxes, and
any other charges, within sixty (60) days following each June 30th
and December 31st for the preceding six (6) month period, in
accordance with G2's regular accounting practices. G2 shall, however, have the
right to establish reasonable reserves for returns and exchanges, said reserves
not to exceed thirty percent (30%). Each reserve established hereunder shall be
liquidated at the end of the following semi-annual period. If G2 makes any
overpayment of royalties (e.g., by reason of an accounting error or paying
royalties on Records returned later), G2 shall have the right to offset such
overpayment against any subsequent payment due to Artist from G2. 

7.02. Each royalty
payment hereunder shall be accompanied by a statement in accordance with G2's
regular accounting practices. Said statements shall be provided to Artist within
sixty (60) days of the end of each calendar quarter, even though royalty
payments are semi-annual. Each statement shall become binding upon Artist and
Artist shall neither have nor make any claim against G2 with respect to such
statement, unless Artist shall advise G2, in writing, of the specific basis of
such claim within one (1) year after the date G2 mails such statement. G2's
accounting books and records will be kept and maintained in accordance with
generally accepted accounting principles, consistently applied. 

7.03. Artist shall not
be entitled to recover damages or to terminate this Agreement for any reason
because of a claimed breach by G2 of its material obligations hereunder, unless
G2 has failed to remedy such breach within sixty (60) days following receipt of
written notice thereof. Artist will not have the right to sue G2 in connection
with any royalty accounting, or sue G2 for royalties accrued by Artist during
the period a royalty accounting covers, unless Artist commences the suit within
two (2) years after the date when the statement in question is rendered to
Artist. If Artist commences suit on any controversy or claim concerning royalty
accountings rendered to Artist under this Agreement, the scope of the proceeding
will be limited to determination of the amount of royalties due for the
accounting periods covered and reasonable attorney fees, and the court will have
no authority to consider any other issues or award any relief except recovery of
any royalties found owing. Artist's recovery of any such royalties and
attorney's fees will be the sole remedy available to Artist by reason of G2's
royalty accountings. Without limiting the generality of the preceding sentence,
Artist will not have any right to seek termination of this Agreement or avoid
the performance of their obligations under it by reason of any such claim.
Artist's remedy for G2's willful refusal to permit it to record its Minimum
Recording Commitment shall be limited to termination of this Agreement. 

7.04. G2 agrees that
Artist may, not more than once during any calendar year, but only once with
respect to any statement rendered hereunder, audit its books and records for the
purpose of determining the accuracy of G2's statements to Artist. If Artist
wishes to perform any such audit, Artist will be required to notify G2 at least
thirty (30) days before the date when Artist plans to begin the audit. If
Artist's audit has not been completed within one (1) month from the time Artist
begins it, G2 may require Artist to terminate it on seven (7) days notice to
Artist and G2 will not be required to permit Artist to continue the examination
after the end of that seven (7) day period. Artist shall not be entitled to
examine any manufacturing records or any other records which do not specifically
report sales of Records or calculation of net receipts on which royalties are
accruable hereunder. All audits shall be made during regular business hours, and
shall be conducted on Artist's behalf by an independent Certified Public
Accountant. Each examination shall be made at Artist's sole expense at G2's
regular place of business in the United States, where the books and records are
maintained. 

8. 
MECHANICAL LICENSES AND ROYALTIES 

8.01. All Controlled
Compositions (defined as musical compositions composed in whole or in part by
any individual member of Artist) are hereby licensed to G2 and its licenses for
reproduction on Phonograph Records anywhere in the Universe. Royalties for the
mechanical license herein granted shall be at a rate equal to seventy-five
percent (75%) of the current minimum U.S. statutory rate (including the "long
work" rate, if applicable) for royalty-bearing records sold and not returned and
for which G2 is paid, excluding any instance where G2 and Artist are sharing
income under Paragraph 6.01(e) above. In no event shall the mechanical royalties
payable hereunder for any Album exceed ten (10) times the rate set forth above.
The foregoing also applies to music videos, as well as to any instance where
such a license must be executed in favor of G2, G2 shall not recoup from
mechanical royalties due to Artist any advances payable to Artist except: (a)
excess recording costs under Paragraph 4.01; (b) overpayments under Paragraph
701; and (c) any advances or cash or consigned materials (or the like) to
Artist. 

8.02. If any record
contains one or more compositions which are not Controlled Compositions, then G2
will have the right to reduce the amount of Mechanical Royalties payable on the
Controlled Compositions by an amount equal to the amount of mechanical royalties
payable on non-Controlled Compositions. 

9. 
TRADEMARKS 

9.01. Artist shall
perform under the professional name, "Jeremiah Donnelly". Artist warrants and
represents that it is the sole owner of such name in connections with Phonograph
Records during the term hereof. Artist shall not use a different name in
connection with Phonograph Records unless Artist and G2 mutually agree in
writing. Artist agrees that G2 may cause a search to be instituted for the
purpose of determining whether any professional name used by Artist has been or
is being used by another person in connection with Phonograph Records. G2 may
cause one or more federal applications for trademark protection to be made in
favor of Artist for Phonograph Records and/or entertainment purposes. Any
amounts up to One Thousand Seven Hundred Dollars ($1,700.00) expended by G2
pursuant to this Paragraph shall be deemed Advances hereunder. If the trademark
search indicates that such name should not be used, G2 and Artist shall mutually
agree on a substitute name for Artist. Nothing contained herein shall release
Artist from its indemnification of G2 with respect to Artist's use of such name.

10. FREE GOODS 

10.01. No royalties
shall be payable with respect to records given away or furnished on a "no
charge" basis to one-stops, rack jobbers, distributors, dealers, radio stations,
television stations or film companies, theatrical hooking agencies, print media,
music publishers or the like, provided that such records do not exceed one
hundred (100) non-royalty bearing Singles out of every one thousand (1,000)
Singles distributed and one hundred (100) non-royalty bearing Albums out of
every one thousand (1,000) Albums. Any record sold for less than fifty percent
(50%) of G2's published wholesale price will be a non-royalty bearing record.

10.02. During each
applicable contract period, G2 shall provide Artist with fifteen (15)
non-royalty bearing copies of Artist's then current Album at no charge to the
Artist. 

11. CONTAINER COSTS

11.01. G2's container
deduction shall be a sum equal to: one dollar ($1.00) for singles, one dollar
and fifty cents ($1.50) for LPs and cassettes, two dollars ($2.00) for double LP
sets and compact discs, three dollars ($3.00) for double cassettes, and four
dollars ($4.00) for other formats, including double compact disks, and all video
formats. 

12. INDEMNIFICATIONS 

12.01. Artist agrees
to and does hereby indemnify, save and hold G2 and its licensees harmless of and
from any and all liability, loss, damage, cost, or expense (including all legal
expenses and reasonable attorney fees) arising out of or connected with any
breach of this Agreement or any claim which is inconsistent with any of the
warranties or representations made by Artist in this Agreement, and Artist
agrees to reimburse G2 on demand for any payment made or incurred by G2 with
respect to the foregoing if the
claim concerned is settled or has resulted in a final judgment against G2 or its
licensees. Pending the determination of any claim with respect to which G2 is
entitled to indemnity, G2 may withhold monies which would be otherwise payable
to Artist up to the amount of its potential liability. 

13. DEFAULT AND TERMINATION 

13.01. In the event of any default or
breach by Artist in the performance of any of Artist's obligations hereunder, G2
may, without prejudice to its other rights, claims or remedies, suspend its
obligations hereunder for the duration of such default or breach and until the
same has been cured and may, at its option, extend the Term for a period equal
to all or any part of the period of such default or breach, and in such event
the dates for the exercise by G2 of the Option Periods hereunder and the dates
of commencement of each subsequent Option Period shall be extended accordingly.

14. FORCE MAJEAUR 

14.01. If G2's material performance
hereunder is delayed or becomes impossible or impractical because of any act of
God, fire, earthquake, strike, act of government or any order, regulation,
ruling, or action of any labor union or association of artist affecting G2 or
Artist or the phonograph record industry, G2, upon notice to Artist may suspend
its obligations under this Agreement for a period not to exceed one (1) year,
and in such event the number of days equal to the number of days of such
suspension shall be added to the then-current period of the Term thereof. In the
event that G2's material performance hereunder is delayed or becomes impossible
or impractical because of any civil strife, G2, upon notice to Artist, may
suspend its obligations under this Agreement for the duration of such delay,
impossibility or impracticability and in such event the number of days equal to
the number of days of such suspension shall be added to the then-current period
of the Term thereof. 

15. 
MERCHANDISING 

15.01. Artist hereby
grants G2 the exclusive right to manufacture, sell, license, distribute and
exploit, through the Universe and by mail-order and through retail sources of,
without limitation, all merchandise or every kind featuring the Artist
(name/logo/likeness), during the term of this Agreement. 

15.02. It is expressly
agreed and understood that any contract for the purpose of merchandising Artist
entered into by G2 during the Term shall continue in full force and effect in
accordance with the provisions thereof for a period not to exceed one (1) year
following the expiration of the term of this Agreement. 

15.03. In the case of
such products or property manufactured and sole by G2 or by any associated
company, Artist shall be entitled to a royalty of twenty percent (20%) of the
adjusted gross receipts therefrom. As used in this paragraph, the term "adjusted
gross" shall mean gross revenues from the sale of applicable merchandise, less
venue commissions and state sales tax where collected and actually paid. In the
event that G2 licenses to other any of its rights under this clause then Artist
shall received fifty percent (50%) of the net receipts therefrom. As used in
this paragraph, the term "net receipts" shall be calculated as gross revenues
from the sale of the applicable merchandise, less the cost actually incurred and
paid by G2 or its licensing company for manufacturing; sales personnel salaries
and/or commissions, venue commissions and state sales tax where collected and
actually paid. 

15.04. Artist has the
right of approval of all merchandising artwork, so long as said approval is that
unreasonably withheld. During the Term of this Agreement, Artist shall cause the
inclusion of G2's logo and proper name at a reasonable size and position on all
merchandise. 

15.05. No royalties
shall be payable with respect to merchandise given away or furnished on a
no-charge basis. Upon Artist's request, G2 shall provide Artist with twenty (20)
non-royalty-bearing samples of each item of merchandise at no charge. 

16. ARTWORK 

16.01. Artist agrees
that G2 is the owner of any and all artwork, LP jacket art, and promotional
artistic renderings undertaken or completed within the Option Terms of this
Agreement. Artist shall have the right to use artwork which has been mutually
approved by G2 and Artist for the purpose of Merchandising. 

17. NOTICES 

17.01. All notices,
demands or the like which are required to be given hereunder shall be in writing
and may be served upon the other party personally by Registered Mail, Return
Receipt Requested or by telecopy (facsimile). Notice to Artist will be received
by: 

	 

and notice to G2 will be received by: Gust
Kepler, G2 Ventures, Inc. 13155 Noel Road Suite 1810, Dallas, TX 75240. 

18. PROMOTIONS AND ADVERTISING
CAMPAIGNS 

18.01. Any promotional
monies spent by G2 on behalf of Artist are fifty percent (50%) recoupable from
monies otherwise due to Artist from G2, excluding Mechanical Royalties,
notwithstanding the source. Any promotional monies spent on behalf of Artist in
combination with other G2 Artist shall be recoupable from Artist on a pro-rata
basis. 

18.02. G2 is not
obligated to produce a promotional video for Artist, but if G2 undertakes to
produce said video, the cost is fifty percent (50%) recoupable from royalties,
excluding Mechanical Royalties, notwithstanding the source. The cost of
producing nonpromotional videos intended for resale are fully recoupable. 

19 . CONTROLLING LAW

19.01. This Agreement
is entered into and performable in Dallas County, Texas and the validity,
interpretation and legal effect of this agreement shall be governed by Texas
law. Venue for any legal action shall be in Dallas County, Texas. 

20. REMEDIES 

20.01. Artist
acknowledges, recognizes and agrees that his services hereunder are of a
special, unique, unusual, extraordinary and intellectual character which gives
them a peculiar value, the loss of which cannot be reasonably or adequately
compensated for by damages in an action of law. Inasmuch as a breach of such
services will cause G2 irreparable damages, G2 shall be entitled to injunctive
and other equitable relief, in addition to whatever legal remedies are
available, to prevent or cure any such breach or threatened breach. 

21. HEADINGS 

21.02. The headings of
the clauses herein are intended for convenience only, and shall not be of any
effect in construing the contents of this Agreement. 

22. RELATIONSHIP 

22.01. Artist has the
status of an independent contractor and nothing herein contained shall
contemplate or constitute Artist of its members as G2's agents or employees.
This Agreement does not and shall not be construed to create a partnership or
joint venture between the parties to this Agreement. 

23. VALIDITY AND MODIFICATIONS 

23.01. The invalidity
or unenforceability of any provision shall not affect the validity or
enforceability of any other provision. This Agreement contains the entire
understanding of the parties relating to its subject matter. No change of this
Agreement will be binding unless signed by all parties hereto or their duly
authorized representatives. A waiver by either party of any provision of this
Agreement in any instance shall not be deemed to waive it for the future. All
remedies, rights, undertakings and obligations contained in this Agreement shall
be cumulative and none of them shall limit any other remedy, right, undertaking
or obligation. 

24. ASSIGNMENT 

24.01. G2 may assign
its rights under this Agreement in whole or in part. 

25. LEGAL REPRESENTATION 

25.01. Artist, by their signature
hereto, confirms that G2 has advised Artist to take independent legal counsel,
from a lawyer specializing generally in the music business and specifically in
the negotiation of recording agreements, on the terms and conditions of this
Agreement and on the obligations being undertaken by Artist in executing the
Agreement. 

26. COOPERATION

26.01. Artist shall execute such
other documentation and shall give further assurances as may reasonably be
necessary or desirable for the purpose of vesting, confirming, protecting or
further assuring any of the rights granted herein. 

27. DISCLAIMER 

27.01. G2 has not made and does not
hereby make any representation or warranty with respect to the extent of the
sales of records or the exploitation of the music videos hereunder. 

	SIGNED THIS 31st DAY OF March, 2008.
	 
	G2 VENTURES, INC.
	 
	 
	By:     /s/ Gust Kepler                     
    
	Gust Kepler, President
	 
	13155 NOEL ROAD STE 1810
	DALLAS, TX 75240
	 
	ARTIST:
	 
	 
	 
	
    By:   /s/ Joseph Donnelly                       
    

	Printed Name: Joseph Donnelly
	SSN: 505-2305831

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]