Document:

f10q0910a1ex10iii_carcharg.htm

Exhibit 10.3

 

SETTLEMENT AGREEMENT AND RELEASE

 

This Settlement Agreement and Release (this Agreement') as of August 19th . 2010 between LA_ Consulting, Inc, David Zazoff, Managing Director, 116 West 23rd ("ZA") and Car Charging Group, Inc. a Nevada corporation (`CCGI"). AU parties to this Agreement are collectively hereinafter known as (the "Parties").

 

1.0    BACKGROUND

 

1.1    On January 1st, 2010, CCGI entered into a consulting agreement (the investor

 

Relations Consulting Agreement') with ZA, for ZA to provide investor relations consulting services to CCG1 in consideration for a monthly retainer of $75,000 (the "Retainen,reimbursement of out-of-pocket expenses by ZA and 100.000 shares of restricted common stock per month_

 

1.2    ZA, under the Investor Relations Consulting Agreement, hereby demand (the 'Demand) payment of the accrued Retainer and accrued shares of common stock which CCG1 objects to.

 

1.3    Without admission, including liability, and to avoid the time, cost, and uncertainty of litigation, ZA and CCGI. for sufficient consideration, including the mutual covenants in this Agreement, intend to fully and finally compromise and settle all claims between them to the date of this Agreement, all as more particularly hereinafter provided.

 

2.0    SETTLEMENT

 

2.1    With this Agreement. ZA agrees to immediately terminate and cancel the Investor Relations Consulting Agreement and its Demand, effective upon execution hereof. as payment in full and final settlement for any claims CCGI may have against ZA.

 

2.2    With this Agreement, CCGI agrees to pay and promptly deliver 300,000 shares of restricted shares of its common stock to ZA as payment in full and final settlement for any claims ZA may have against CCGI. It is agreed that these shares were to be issued before June 1, 2010 and the holding period should be accounted for as vested before May 1. 2010_ Additionally, CCGI agrees to pay ZA $12,500 immediately and an additional $12,500 within 30 days of the execution of this agreement for Public Relation (' PR") and Investor Relations ("IR') expenses provided, however, that each such payment for PR and IR by CCGI shall be matched by ZA. It is expressly acknowledged and agreed that ZA's requirement to provide matching payment for an aggregate total of $25,000.00 is a material inducement for CCGI to enter this Settlement Agreement and shall be a material default hereunder by ZA. Furthermore, if ZA fails to supply CCGI with proof of its matching payment made in conjunction with the initial $12,500.00 payment hereunder, CCGI, in addition to any other remedies available, shall be relieved of any and all responsibility to make the second $12,500.00 payment hereunder..

 

  

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3.0    RELEASE

In consideration of the dismissal by ZA of its Demand, cancellation of the Consulting Agreement by ZA, dismissal of any demands CCGI may have against ZA, and payment by CCGI to ZA of three hundred thousand (300.000) restricted shares of its common stock and payment by each party of $25,000 for PR/IR services, the Parties, for themselves, their heirs, and their assigns, hereby mutually release all claims which they may have against the other, their respective heirs and assigns, which claims arise from occurrences to the date of this Agreement, and any and all other claims, matured or un-matured, which claims arise from occurrences to the date of this Agreement.

 

4.0    REPRESENTATIONS

 

4.1    As a material inducement to ZA's entry into this agreement. CCGI unconditionally represents that at the signing of this Agreement and delivery of any documents hereunder:

 

(a)   this Agreement and all other agreements delivered in connection with this Agreement have been or will be duly executed by and delivered by CCGI and are valid and binding agreements of CCGI;

 

(b)   execution and delivery of this Agreement and all other documents delivered in connection herewith will not conflict with or result in a breach of any of the terms, conditions, or provisions of or constitute a default under any other agreement or instrument to which CCGI is a party or by which CCGI is bound by any law, statute, regulation. rule, order, writ, injunction. or degree of any governmental instrumentality or court:

 

  

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(c)   CCGI has complete and unrestricted power to sell. transfer, assign, and deliver to the other the interests and release under this and other documents delivered hereunder;

 

(d)   CCGI has not previously assigned any claim or interest relating to CCGI' claims and interests it may have against ZA hereunder: and

 

4.2    As a material inducement to CCGI' entry into this Agreement, ZA, unconditionally represents that at the signing of this Agreement and delivery of any documents hereunder:

 

(a)   this Agreement and all other agreements delivered in connection with this Agreement have been or will be duly executed by and delivered by ZA and are valid and binding agreements of ZA:

 

(b)   execution and delivery of this Agreement and all other documents delivered in connection herewith will not conflict with or result in a breach of any of the terms, conditions, or provisions of or constitute a default under any other agreement or instrument to which ZA is a party or by which ZA is bound by any law, statute, regulation, rule, order, writ, injunction, or degree of any governmental instrumentality or court;

 

(c)   ZA has complete and unrestricted power to sell, transfer, assign, and deliver to the other the interests and release under this and other documents delivered hereunder; and

 

(d)   ZA has not previously assigned any claim or interest relating to ZA's claims and interests in the Demand.

 

  

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4.3    The parties shall hold each other harmless and indemnify each other from liability and loss from, and the cost of defense (including without limitation. reasonable attorneys' and accountants' fees) of claims arising from breach. failure, or falsity of representations and warranties in this Agreement, or from the claims of third parties brought over one of the parties against another in connection with the subject matter of this Agreement.

 

5.0    GENERAL CONDITIONS

 

5.1    This Agreement shall be governed and construed in accordance with the laws of the State of Florida, enforcement of which by Demand on claims arising from breach, failure. or falsity of representations and warranties as provided for by Section 4 of this agreement, shall entitle the successful party to reasonable attorneys' and accountants' fees, and is payable and performable in Miami-Dade County, Florida.

 

5.2    The terms of this Agreement are confidential and neither party may disclose the terms of this Agreement or of the Parties' settlement of these Demands. To any inquiry regarding these Demands, this Agreement, or the Parties' settlement, the Parties' shall respond 'settled to our mutual satisfaction'.

 

5.3    The obligations of the parties under this Agreement shall survive the execution and delivery of this Agreement.

 

5.4    This Agreement is binding on and inures to the benefit of the parties hereto and their respective heirs. successors, and assigns.

 

5.5    The Parties shall execute any additional documents that are reasonably necessary to effectuate or evidence the terms of this Agreement.

 

5.6    The provisions of this Agreement comprise all the terms. conditions, agreements, and representations of the parties hereto respecting the subject matter of this agreement which can be modified or amended only in writing signed by the parties.

 

5.7    This agreement may be executed and evidenced in counterparts.

 

  

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SIGNED as of the date first noted above.

 

	 	 
	/s/ David Zazoff	 
	Z.A. Consulting, LLC	 
	David Zazoff, Managing Director	 
	 	 

 

	 	 
	/s/ Michael Farkas	 
	 
Car Charging Group, Inc

	 
	Michael Farkas, CEO

 

 

5f10q0910a1ex10iv_carcharg.htm

Exhibit 10.4

 

BECKERMAN

PUBLIC RELATIONS

 

CONTRACT BY AND BETWEEN

 

BECKERMAN PUBLIC RELATIONS

 

AND

 

Car Charging, Inc.

 

LETTER OF AGREEMENT

 

We appreciate your decision to retain Beckerman Public Relations to render public relations services. This letter will serve to confirm the terms of those services and will ensure that we have a clear understanding of our agreement from the outset.

 

Beckerman Public Relations, located at One University Plaza, Suite 507, Hackensack, NJ 07601, is appointed Public Relations Agency of Record for Car Charging, Inc.

 

Beckerman Public Relations will charge Client a monthly retainer of $8,500.00 for all public relations services, hereinafter defined as, and inclusive of the following:

 

(the "Services") for a minimum initial term of twelve months, effective December 14, 2009 through December 13, 2010. Upon execution of this contract, Beckerman Public Relations shall receive 100,000 shares of restricted stock. A security deposit representing one month's retainer shall also be due upon execution of contract.

 

After the initial twelve-month term, this agreement shall automatically renew for an additional twelve-month period at the same monthly rate provided, however, that dining the initial twelve­month term, and/or during any subsequent renewal, either party may cancel this agreement upon thirty (30) days written notice. Client shall be required to pay the monthly retainer during the 30 day notice period should Client terminate

 

We shall implement a public relations program from December 14, 2009 through December 13, 2010. Any tasks requested by the Client, but not included within the scope of the Services to be rendered will be considered additional work and a separate retainer letter will be prepared. It is expressly understood and agreed that we will not incur any additional fees outside the scope of the Services without the prior written consent of the Client and that Client shall not be liable or responsible for charges incurred without such prior approval. We will achieve your goals as outlined in our proposal and a forthcoming timeline. A detailed summary of all work performed shall be provided to Client on a bimonthly basis.

 

The monthly retainer includes all writing and media relations. Expenses other than copying, faxing photography and video (which shall be included within the monthly retainer fee as part of the Services) will be directly billed to Client.Expenses that are to be billed to Client shall require Client's prior written approval to the extent they exceed an aggregate monthly amount of $100.00 and may include for the purposes of illustration but not limitation, tracking software and databases, overnight packages, travel (only upon Client's express prior written approval) media monitoring, news clipping

 

  

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LETTER OF AGREEMENT

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and newswire release services. Beckerman Public Relations will coordinate contracts for Client where necessary. To the extent applicable, (upon receipt of Client approval as set forth herein) Becket man Public Relations shall provide you with a detailed itemized accounting of all expenses incurred on your behalf

 

You agree that any approved expenses incurred by Beckerman Public Relations for providing the aforementioned Services will be reimbursed by you. Billing of these expenses will be conducted on a monthly basis.

 

Invoicing schedule is the 15th of each month representing the retainer for the next month and out-of-pocket expenses for the prior month. Client shall pay invoices within 15 days of the invoice date.

 

During the term of this agreement, Client gives Beckerman Public Relations the right to publish their Agency of Record status in the media as well as for their own marketing purposes. In addition, Client gives Beckerman Public Relations the right to publish all of their approved public relations articles on the Beckerman Public Relations website with prior consent by the Client.

 

All articles, press releases and other materials generated by Beckerman Public Relations are the property of Client, which will have the right to publish and/or re-print these materials during and after the term of this agreement.

 

Recognizing the time and expense of Beckerman Public Relations' investment in its employees, Client agrees that it shall not directly or indirectly employ, hire or retain any person who is an employee of Beckerman Public Relations during the term of this Agreement and for a period of eighteen (18) months following the termination of this Agreement. In the event Client directly or indirectly employs, hires, or retains a Beckerman Public Relations employee during this timeframe, Client shall pay Beckerman Public Relations a fee of $100,000.00 (One hundred thousand dollars) per occurrence, prior to start of employment.

 

By execution of this agreement, Client agrees to indemnify, defend and hold harmless Beckerman Public Relations against any and all claims, actions, damages, liabilities, costs and expenses, including reasonable attorney's fees and expenses, arising out of Beckerman Public Relations utilization of any authorized information, excluding negligence, intentional wrongdoing or improper use.

 

This agreement and the attachments hereto, if any, constitute the entire agreement between the parties with respect to the subject matter herein and there are no representations, understandings, or agreements relative hereto which are not fully expressed herein.

  

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CONTRACT ACCEPTED BY:

 

 

	Signature:	 /s/ Donald McIver	 	
Print Name:

	 Donald McIver	 
	
Beckerman Public Relations

	 	 	 	 

 

12/12/09

Date

 

 

	Signature:	  /s/ Andy Kinard	 	
Print Name:

	 Andy Kinard	 
	
Car Charging, Inc.

	 	 	 	 

 

12/11/09

Date

 

  

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Exhibit A

Contact Information - List Key Contacts

 

For Billing/Invoicing:

 

 

	 Contact	 	 	 Email address	 	 
	 Address	 	 	 City    	 	 State 	 	 Zip Code    	 	 
	 Work Phone #	 	 	 Cell Phone #	 	 

 

                                                                              

For account work:

 

 

	 Contact	 	 	 Email address	 	 
	 Address	 	 	 City    	 	 State 	 	 Zip Code    	 	 
	 Work Phone #	 	 	 Cell Phone #	 	 

 

 

	 Contact	 	 	 Email address	 	 
	 Address	 	 	 City    	 	 State 	 	 Zip Code    	 	 
	 Work Phone #	 	 	 Cell Phone #	 	 

 

 

	 Contact	 	 	 Email address	 	 
	 Address	 	 	 City    	 	 State 	 	 Zip Code    	 	 
	 Work Phone #	 	 	 Cell Phone #	 	 

 

 

 

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