Document:

Exhibit 10.1

    Exhibit
      10.1

     

    License
      Agreement

     

    
      	
              1. 
                Use
                of Office.

              (A)You
                are granted a license to use the Suite and that particular Office(s)
                assigned in the Basic Terms, if any, pursuant to the terms of this
                license
                agreement (the "Agreement"),
                one person per Office, unless otherwise set forth in the Basic Terms.
                If
                no Office is assigned in the Basic Terms, you may have the use of
                an
                office or meeting room, if available, at the then prevailing rate.
                You
                agree to use the premises for general office purposes and no other
                purpose, to only operate approved machinery or equipment within the
                Office
                or otherwise in the building, and to comply with all laws, rules,
                regulations and ordinances.

              (B)We
                reserve the right to relocate you to another space within the same
                Suite
                and to substitute such other space for your Office, provided such
                other
                space is substantially similar to your Office and you incur no increase
                in
                Monthly Office Fees or any moving cost or expense as a result of
                the
                relocation.

              (C)You
                agree to abide by such rules and regulations governing the use of
                your
                Office and the Suite as may now exist or may later be adopted by
                us. It is
                your sole responsibility to ensure that your employees, guests and
                invitees abide by all such rules.

              (D)Upon
                any termination of this Agreement, you agree to vacate the Office
                and
                cease Al use of the Suite. Furthermore, we will not be responsible
                for
                providing any further service to you. On or before the Notice Date,
                you
                agree to give us notice of your intent to terminate this Agreement
                or to
                renew it. Any renewal will only be upon such terms or conditions
                as we may
                agree in writing. In the event you fail to provide us with such notice,
                this Agreement will automatically renew for a Term equal in time
                to the
                original Term of and upon the same terms and conditions as this Agreement;
                provided, the Monthly Fees will be the then applicable Monthly Fees
                for
                your Office and services, and the Monthly Fees may be higher than
                those
                previously applicable. In the event you have been assigned an Office
                and
                notify us that you intend to vacate your Office and fail to do so
                on the
                End Date, the terms of this Agreement and the license granted to
                you will
                continue on a month-to-month basis at the then applicable Monthly
                Fees for
                your Office (based on a month-to-month term) and services, and the
                Monthly
                Fees may be higher than those previously applicable, and you will
                be
                liable to us for any damages resulting from your failure to vacate
                the
                Office.

               

              2. 
                Services.

              (A)You
                acknowledge and agree that it is your sole responsibility to review
                any
                work performed by our personnel and we will have no liability for
                the work
                performed by our personnel.

              (B)You
                will not offer to any party outside your own company, whether or
                not
                located in the Suite or elsewhere in the building, any of the services
                that we provide our clients from time to time.

              (C)You
                agree not to install or utilize any telecommunications equipment
                or
                wiring, other than the equipment and wiring provided by us. You understand
                the violation of this paragraph may result in damage to our equipment
                and/or wiring and if such damage occurs, you are solely responsible
                for
                any and all charges to repair or replace it. All programming and/or
                installation required to initially setup your Office, as well as
                any
                subsequent
                changes, additions, deletions or
                other
                modifications will be subject to the then current: programming
                and/or installation charges, respectively, and will be due at such
                time
                service is performed. You acknowledge that all telephone or other
                telecommunication numbers and addresses are our proprietary property,
                and
                further understand that yellow page or other similar forms of advertising
                such numbers or addresses is your sole responsibility and all charges
                associated with such advertising are to be billed directly to
                you.

               

              3. 
                Fees
                Payable.

              (A)Upon
                execution of this Agreement, you will pay all initial programming
                and
                installation fees and the Services Retainer, in the amounts indicated
                in
                the Basic Terms. In addition, you will pay all other fees and taxes
                as
                indicated in the Basic Terms. The Services Retainer will be held
                as
                security for your performance under this Agreement You agree that
                the
                Services Retainer need not be kept separate and apart from our other
                funds
                and no interest will be paid to you.

              (B)You
                agree to pay the Monthly Fees in the amount indicated in the Basic
                Terms
                or as otherwise due and payable on or before fifteen (15) days from
                the
                date invoiced to you. In addition to any sums due, you agree
                to pay monthly late charges equal to five percent (5.0%) of any sums
                due,
                or such lower maximum charge
                allowable under applicable law, that have not been paid to us on
                or before
                such date due and payable, with or without written notice from
                us.

              (C)Recurring
                Monthly Fees are payable in advance. Fees payable for such other
                services
                that may be reasonably
                requested by you from time to time will be payable by you as set
                forth in
                the fee schedule applicable
                at
                such time services are performed or, if not set forth in a fee schedule,
                as determined by us.

              (D)You
                agree that the Services Retainer will not be used by you as payment
                for
                Monthly Fees. In the event you default in the performance of any
                of the
                terms of this Agreement, we may immediately and without prior notice,
                use,
                apply or retain the whole, or any part, of the Services Retainer
                for the
                payment of Monthly Fees, any service fee or any other payment due,
                or for
                payment of any other sum that we may spend by reason of your default.
                If,
                upon termination of this Agreement, you have fully and faithfully
                complied
                with all the terns m d provisions of this Agreement, remitted all
                amounts
                due and payable, and surrendered all keys, access cards, building
                passes
                and all our other property provided to you, the Services Retainer
                or any
                remaining balance, will be returned to you within 45 days; provided,
                however, you agree to pay for repainting and cleaning the carpet
                in each
                Office you used for less than twelve (12) months at a cost not to
                exceed
                the Services Retainer.

               

              4. 
                Utilities.
                Electric power will be furnished for approved machinery or equipment
                only.
                We will use our reasonable efforts to provide heating and air-conditioning
                at temperatures and times provided by the building owner that will
                be
                reasonable and comfortable during normal business hours.

               

              5. 
                Damage
                and Insurance.

              (A)You
                will not damage, deface or alter the Office, furniture, furnishings,
                walls, ceilings, floors, or make or suffer to be made any waste,
                obstruction or unlawful, improper or offensive use of the Office
                or the
                common area facilities. You will not cause damage to any part of
                the
                building or our property or disturb the quiet enjoyment of any licensee
                or
                occupant of the building. Upon the termination of this Agreement,
                the
                Office assigned to you, if any, will be in as good condition as when
                you
                first occupied it, normal wear and tear excepted and we may apply
                the
                Services Retainer to any damage to the Office. We retain the right
                to
                enter your Office to inspect it, to make repairs and alterations
                as we
                reasonably deem necessary and the cost of any repair resulting
                from an act or omission by you or your employees, guests and invitees
                will
                be reimbursed to us by you
                upon demand. We retain the right to show your Office to prospective
                clients, lenders and purchasers provided that we use reasonable efforts
                to
                not disrupt your business.

              (B)You
                assume all risks of loss with respect to your personal property and
                the
                personal property of your agents, employees, contractors and invitees,
                within or about the Suite. You must maintain insurance coverage to
                cover
                the risks set forth in this paragraph and paragraph 6(B).

              (C)You
                agree to waive any and all acts of recovery against us, or our directors,
                licensors, officers, agents, servants and employees, for loss of,
                or
                damage to your property or the property of others that is under your
                control to the extent of such loss or damages covered or required
                to be
                covered by any insurance policy.

              (D)If
                the Suite is made unusable, in whole or in part, by fire or other
                casualty, we may, at our option, terminate this Agreement upon notice
                to
                you, effective upon such casualty, or may elect to repair or restore
                the
                Suite, without expense to you, unless due to your negligence, within
                ninety (90) days or within such longer period of time as may be required
                because of events beyond our control. If repaired or restored, this
                Agreement will not terminate, but the Monthly Fees will be abated
                on a
                prorated basis for the period of time that the Office is unusable
                or
                services not provided.

               

              6. 
                Liability
                and Indemnifications.

              (A)NEITHER
                OUR COMPANY NOR ANY OF OUR OFFICERS, DIRECTORS, EMPLOYEES, SHAREHOLDERS,
                PARTNERS, AFFILIATES, AGENTS OR REPRESENTATIVES WILL BE LIABLE FOR
                ANY
                DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE, OR
                EXEMPLARY DAMAGES ARISING OUT OF OUR FAILURE TO PROVIDE USE OF THE
                OFFICE,
                TO PROVIDE ANY UTILITY, TO FURNISH ANY SERVICES, OR ANY ERROR OR
                OMISSION
                OR ANY DELAY OR ANY INTERRUPTION WITH RESPECT THERETO, ANY INJURY
                TO
                PERSON OR DAMAGE TO YOUR PROPERTY OR PROPERTY OF YOUR EMPLOYEE'S,
                GUESTS
                OR INVITEES, ALL OF WHICH ARE EXPRESSLY ASSUMED AND WAIVED BY
                YOU.

              (B)YOU
                AGREE TO INDEMNIFY, DEFEND AND HOLD HARMLESS OUR COMPANY AND OUR
                OFFICERS,
                DIRECTORS, EMPLOYEES, SHAREHOLDERS, PARTNERS, AGENTS AND REPRESENTATIVES
                FROM AND AGAINST ANY LIABILITY TO PARTIES ARISING OUT OF YOUR USE
                AND
                OCCUPANCY OF THE OFFICE OR ANY ACT OR OMISSION OF YOU OR YOUR OFFICERS,
                DIRECTORS, EMPLOYEES,
                AGENTS,
                REPRESENTATIVES, CONTRACTORS, CUSTOMERS OR INVITEES UNLESS CAUSED
                BY OUR
                GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.

               

              Form
                LA-0401

            

    

     

    
      7. 
        Default.

      (A)You
        will
        be deemed to be in default under this Agreement if: (i) you default in the
        payment of the Monthly Fees or other sums when due hereunder, regardless
        of
        whether or not we provide written notice of such default; (ii) you default
        in
        the prompt and full performance of any other provision of this Agreement
        and any
        such default continues for more than five (5) business days after we provide
        written notice of such default to you; (iii) there is a material adverse
        change
        in your financial condition from the date of this Agreement as determined
        in our
        sole discretion; or (iv) you are in default under any other agreement between
        you and us.

      (B)If
        you are
        in default, we have the option to pursue any one or more of the following
        remedies without any additional notice:

      (i)we
        may
        immediately terminate this Agreement and may enter your Office, if any, and
        take
        and hold possession of the contents in the Office (and we are hereby granted
        a
        lien thereon), terminate all services provided and change any locks or access
        codes without releasing you, in whole or in part from any of your obligations
        under this Agreement In the event of such termination, we may, at our option,
        declare the entire amount of the Monthly Fees that would become due and payable
        during the remainder of the Term, to be due and payable immediately, and
        you
        agree to promptly pay as the entire amount. Further, any of your personal
        property which remains in the Office or the Suite after the termination of
        this
        Agreement may, in our sole discretion, be deemed to have been abandoned by
        you
        and we may either hold possession thereof as our property or may dispose
        of such
        personal property, without any accountability or liability and at your expense,
        in any manner (including having the same stored at your risk and
        expense).

      (ii)pursue
        any
        other remedy now or later available to us. Our exercise of any right or remedy
        will not prevent us from exercising any other right or remedy.

      (C)You
        agree
        to pay all costs and expenses including reasonable attorneys'
        fees,
        expended or incurred by us in connection with the enforcement of this Agreement,
        the collection of any sum due hereunder, any action for declaratory relief
        in
        any way related to this Agreement or the protection or preservation of any
        of
        our rights under this Agreement.

       

      8. 
        Covenant
        Not to Solicit Employees. You understand that our employees are an
        indispensable part of our business operation. Accordingly, you will not,
        without
        our prior written approval, for your purposes or on behalf of any party,
        employ,
        take away or solicit or attempt to employ any employee with whom you had
        contact
        during your Term or for a period of one (1) year thereafter. In the event
        of a
        breach of your obligation in this paragraph, you agree to pay liquidated
        damages
        equal to each such employee's annual salary for each employee with respect
        to
        whom such breach occurs, it being mutually agreed that the actual damage
        that
        would be sustained by as as the result of any such breach would be extremely
        difficult to fix and that the liquidated damage amount is fair and
        reasonable.

       

      9. 
        Miscellaneous.

      (A)This
        is
        the only Agreement between us for the Office and all amendments to this
        Agreement will be in writing, signed by both parties. The invalidity or
        unenforceability of any provision of this Agreement will not affect the rest
        of
        the Agreement.

      (B)All
        waivers must be in writing and signed by the waiving party. Our failure to
        enforce any provision of this Agreement or our acceptance of fees will not
        be a
        waiver and will not prevent us from enforcing any provision of this Agreement
        in
        the future. No receipt of money by us will be deemed to waive any of your
        defaults.

      (C)The
        laws
        of the state in which the Suite is located will govern this
        Agreement.

      (D)You
        represent that all parties signing this Agreement on your behalf are authorized
        to execute this Agreement, and you agree that the obligations of the parties
        signing this Agreement (including any guarantor) are to be joint and
        several.

      (E)Neither
        you nor anyone claiming by, through or under you will assign this Agreement
        or
        permit the use of any portion of the Suite by any individual or entity other
        than you, unless approved by us in our sole discretion. In the event of any
        such
        permitted assignment or use, you will not be relieved any of your obligations
        under this Agreement. Any assignment not approved by us will be
        void.

      (F)You
        specifically agree to maintain and protect all access codes, cards and/or
        keys
        provided by us in a confidential manner and to not provide these to anyone
        else.
        Furthermore, you agree to notify us promptly if you have any reason to believe
        that a third party has improperly obtained any of your access codes, cards
        and/or keys.

      (G)All
        notices provided under this Agreement will be in writing. Notices will be
        deemed
        to be duly given if mailed by registered or certified mail, postage prepaid,
        addressed to the addresses provided in the Basic Terms.

      (H)THIS
        AGREEMENT IS NOT INTENDED TO CREATE A LEASE OR ANY OTHER INTEREST IN REAL
        PROPERTY IN FAVOR OF YOU, BUT MERELY GRANTS YOU A LICENSE TO USE THE SUITE
        AND
        YOUR OFFICE FOR THE PURPOSES IDENTIFIED IN THIS AGREEMENT AND IS REVOCABLE
        BY US
        IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT. This Agreement is subject
        and
        subordinate to any underlying lease or contract or mortgage now or later
        encumbering the building or the premises comprising the Office or the Suite.
        This Agreement will terminate simultaneously with the termination of the
        Suite
        operation for any reason. You are not a party to nor do you have any rights
        under any of the foregoing.

      (I)You
        acknowledge that it will be your responsibility to notify all parties of
        termination of the use of your Suite address, assigned telephone number and
        facsimile numbers and we will have no liability therefore.

      (J)We
        may
        assign this Agreement and/or any fees hereunder without your consent and
        you
        agree to attom to any such assignee.

      (K)Terms
        not
        otherwise defined in this Agreement will have the meaning set forth in the
        Basic
        Terms attached hereto and incorporated herein by reference.

      (L)Terms
        used
        in the singular also include the plural, and vice versa. References to either
        gender are to include all genders.

       

      CLIENT

       

      
        
          	By:	
                	 
	 	Authorized
                  Signature 	Print
                  name

        

         

        
          	Its:	 	 	 
	 	Title	 	Date

        

      

       

      OFFICE
        SUITES PLUS PROPERTIES, INC.

      
         

        
          
            	By:	
                  	 
	 	Authorized
                    Signature 	Print
                    name

          

           

          
            	Its:	 	 	 
	 	Title	 	Date

          

        

      

       

       

      PERSONAL
        GUARANTEE: For value received, the undersigned unconditionally and irrevocably
        guarantees the prompt payment and performance of all obligations of Client
        in
        this Agreement. This guaranty is a guaranty of payment. The undersigned will
        not
        be released if any term of this Agreement is waived or modified.

       

      
        	By:	 	 	 
	 	Authorized
                Signature	 	 

      

       

      
        
          
            	 	 	 	 
	 	Print
                    Name	 	DateEXHIBIT 10.1

 

ADDENDUM to the

ADVISORY SERVICES AGREEMENT

 

SIBLING ENTERTAINMENT GROUP, INC.

with

Moneta Capital Advisors

 

 

	
             

ADDENDUM DATE:
 	
             

As of May 8, 2005
 
	
             

ORIGINAL AGREEMENT 

DATE:
 	
             

As of November 4, 2005
 
	
             

COMPANY:
 	
            Sibling Entertainment Group, Inc.

511 West 25th Street

New York, NY  10001
 
	
             

CONSULTANT:
 	
             

Moneta Capital Advisors

23 Mechanic Street

Red Bank, New Jersey 07701
 

 

	
             
 	
            RECITALS
 

 

The following are the specific terms and conditions of the relationship of Company and Consultant with respect to the matters set forth herein.

 

This Addendum is pursuant to an Advisory Services Agreement between Sibling Entertainment Group, Inc. with Moneta Capital Advisors, Inc. dated November 4, 2005. 

 

This to be read in conjunction with and, other than as specifically set forth herein, subject to the terms and conditions of the Master Consulting Agreement and the Advisory Services Agreement between the party entered into as of the date hereof.

 

	
             
 	
            TERMS AND CONDITIONS
 

 

 

1. INCORPORATION OF RECITALS/ INTEGRATION.

 

	
             
 	
            1.1.
 	
            The recitals set forth above are incorporated unto this Agreement as if they were set forth in full in the body of this Agreement.
 

 

	
             
 	
            1.2.
 	
            This Agreement constitutes a single integrated written agreement, when read with the Master Consulting Agreement and the between the parties as described below, expresses the entire agreement and understanding between the Parties concerning the subject matter hereof and supersedes and replaces all prior negotiations or proposed agreements, written or oral with respect to the content and application of this Advisory Services Agreement.
 

 

 

Page 6 of 8

 

 

 

2. TERM:

 

	
             
 	
            2.1.
 	
            The Company hereby engages the Consultant to furnish the advisory and consulting services specified herein, and the Consultant hereby accepts such engagement and agrees to provide such services, on the terms and conditions herein set forth, for the 12 month period commencing as of November 1, 2005 (the “Consulting Period”).
 

 

	
             
 	
            2.2.
 	
            Notwithstanding the foregoing, the Consulting Period may be terminated by the Company as provided in the Master Agreement.
 

 

3. SERVICES:

 

	
             
 	
            3.1.
 	
            Consultant shall perform the services specified in this Paragraph subject to the terms of this Agreement, the Master Agreement and the Advisory Service Agreement such other rules and policies as Company may from time to time direct, so long as same do not increase the obligations of Consultant hereunder.
 

	
             
 	
            3.2.
 	
            In addition to all the previous services previously agreed to between the Consultant and the Company as specified under the Master Agreement and the Advisory Service Agreement, the Consultant will provide additional introductions, strategic advice and recommendation as may be necessary for the merger or the acquisition of the Company by Sona Development Corp. (the “Additional Services”).   
 

	
             
 	
            3.3.
 	
            Notwithstanding anything herein to the contrary the Company acknowledges that Consultant proposes to initially act solely as a finder and advisor. In all events, Consultant is not a broker-dealer, shall not operate as a broker or dealer, is not holding itself out as a broker or dealer and is not engaged in the business of buying or selling securities or otherwise required to register with the National Association of Securities Dealers.
 

 

4. CONSULTANT’S COMPENSATION:  In full consideration for all Additional Services to be rendered by Consultant to Company, Company agrees to pay and Consultant agrees to accept:

	
             
 	
            4.1.
 	
            Warrant. Upon execution hereof, Company shall deliver to Consultant a five (5) year warrant in the form attached as Exhibit A hereto (the “Warrant”), to purchase an aggregate of up to Five Million (5,000,000) shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”) at an exercise price equal to $0.275 per share.
 

	
             
 	
            4.2.
 	
            Held in Trust: 
These Warrants shall be held in trust and shall be issued as compensation for
services rendered contingent upon the successful completion of a merger between
the Company and Sona Development Corp. (the “Merger”) for reference
purposes between the Company and the original holder of this Warrant, and if for
any reason such Merger is not completed on or before August 31, 2006, then all
such Warrants issued or held in trust shall be returned to the Company and
cancelled on the books of the Company. Upon final issuance by the Company, such
Warrants may be exercised at any time and
from time to time from and after the date thereof and through and including 5:00
p.m. Eastern Standard Time on August 31, 2011 (the “Expiration Date”),
and subject to the following terms and conditions:

 

 

Page 7 of 9

 

 

 

	
             
 	
            4.3.
 	
            Piggyback Registration Rights. All such shares, including the shares underlying the Warrant, shall have demand “piggyback” registration rights as provided in the Registration Rights Agreement dated of even date herewith, a form of which is attached hereto as Exhibit B (the “Registration Rights Agreement”)
 

	
             
 	
            4.4.
 	
            Restricted Securities. Consultant acknowledges and accepts that the Stock and the Warrant (and the shares of Common Stock issuable upon exercise of the Warrant) are characterized as “restricted securities” under the federal securities laws inasmuch as it is being acquired from the Company in a transaction not involving a public offering, and that under such laws and applicable regulations such securities may be resold without registration under the Act, only in certain limited circumstances. In this connection, the Investor represents that it is familiar with SEC Rule 144, as presently in effect, and understands the resale limitations imposed thereby and by the Act. 
 

	
             
 	
            4.5.
 	
            Legends. It is understood that the certificates evidencing the Stock and the Warrants (and the Common Stock issuable upon conversion and exercise thereof, respectively) may bear one or all of the following legends: 
 

 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AS SET FORTH IN THIS CERTIFICATE. THE SECURITIES REPRESENTED HEREBY MAY NOT BE SOLD, TRANSFERRED, OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN OPINION OF COUNSEL, REASONABLY ACCEPTABLE TO COUNSEL FOR THE COMPANY, TO THE EFFECT THAT THE PROPOSED SALE, TRANSFER, OR DISPOSITION MAY BE EFFECTUATED WITHOUT REGISTRATION UNDER THE ACT.”

5. Prior Agreement. Other than as specifically set forth or modified herein, the Master Consulting Agreement and the Advisory Services Agreement shall control the relationship of the parties and they remain bound by the terms thereof, including without limitation the general terms, confidentiality, non-compete and indemnity provisions.

 

IN WITNESS HEREOF, the parties have signed this agreement as of the day and year first set forth above.

 

	
             

Sibling Entertainment Group, Inc.

 

By  /s/ Mitchell Maxwell                        

Mitchell Maxwell, President
 	
             

Moneta Capital Advisors, Inc.

 

By  /s/ Tom Gallo
              
                    
      

 
 

 

 

 

 

Page 8 of 8

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