Document:

Exhibit
10.3

 

EXECUTIVE SERVICES
AGREEMENT

 

This Agreement (“Agreement”)
is entered into as of this 14th day of October, 2003, by and between
Doctors for Nutrition Inc. (the “Company”) and Bruce Howe (“Employee”), in
connection with the Company’s engagement of Employee’s personal services as
President and such other duties as described herein.

 

WHEREAS, Vital Living, Inc.,
a Nevada corporation (“VL”),  and  Bruce Howe (“Employee”)  are parties to a Stock Purchase Agreement
dated October 14, 2003, (the “Stock Purchase Agreement”) pursuant to which
the Company has sold  all the
outstanding stock of the Company to Vital Living, Inc.

 

WHEREAS, as a condition to
the closing of the Stock Purchase Agreement, the Company is required to enter
into and deliver this Agreement to Employee.

 

1.                                      DUTIES AND ACCEPTANCE:

 

(a)                                  Engagement by the Company

 

The Company hereby engages
Employee, and Employee hereby agrees to serve as President of the Company on
the terms and conditions of this Agreement. 
Throughout the Term of this Agreement, Employee, subject to the
provisions contained herein, agrees to devote all of his work time to the
engagement described hereunder, and Employee shall not engage in or participate
in the operation or management of, or render any services to, any other
business, enterprise or individual, directly or indirectly, other than the
performance of services for subsidiaries of the Company and activities listed
on Exhibit A hereto.  Employee may
provide voluntary non-remunerated community and charitable service work such
that it does not interfere with any services to be rendered hereunder.

 

(b)                                 Location Services are to Be Rendered

 

Employee shall render his
services at the Company’s offices in the general area of  San Diego, California; provided, however, that
Employee shall render services at such other locations from time-to-time as the
proper performance of Employee’s duties may reasonably require, including but
not limited to travel to the Company’s offices in Phoenix, Arizona,
Springville, Utah, and for customary trade shows and sales.

 

 

(c)   Reporting

 

(i)                                          Employee shall report to, and serve under the
direction and subject to the control of the Board of Directors of the Company,
which shall be controlled by Vital Living, Inc., the sole shareholder of the
Company, which Vital Living may designate such employee and/or consultant to
whom Employee shall report.

 

(ii)                                       Employee shall be a principal officer of the
Company.  Employee shall have the
authority to execute any agreement not inconsistent with the then effective
directions or resolutions of the Board of Directors and approve and sign checks
or agreements which bind the Company, but any check or agreement that binds the
Company over $25,000 or collectively totals or binds the Company over $25,000 in
any calendar quarter, shall require the signature of at least one of the
following employees; Brad Edson or Stuart Benson, or such other individuals as
VL may designate.

 

(iii)                                    Employee shall be entitled to a seat on the
Company’s Board of Directors.

 

2.                                      TERM:

 

The term of Employee’s engagement hereunder shall be
for a period of three (3) years commencing 
October 15, 2003, and ending 
three years later on October 14, 2006 (such period, unless sooner
terminated pursuant to Section 6 hereof (the “Termination  Sections”), being referred to herein as the
“Term”).

 

3.                                      COMPENSATION
AND BENEFITS:

 

(a)               Compensation

 

Employee shall receive
compensation (the “Base Compensation”) at the rate of $100,000  per annum during the first year of the Term,
$115,000 during the second year of the Term and $130,000 during the third year
of the Term. Employee’s Base Compensation shall be payable every two weeks,
according to the normal payroll practices of the Company, and depending on the
payroll system adopted by the Company.  Employee shall be eligible to receive increases in the Base
Compensation on each one year anniversary of this Agreement.  In addition, within 30 days following the
date of this Agreement, Employee shall be paid a one time bonus of $25,000.

 

(b)              Mandatory Bonus                 (i)                                     Employee shall be entitled to participate in
a profit sharing plan to be enacted by the Board of Directors, which plan shall
provide for distributions to selected executive employees of an aggregate of up
to 6% of the net pre-tax profit of VL, determined as soon as practical after
the end of each fiscal year, plus such other bonuses, stock options, stock
warrants or other incentives as may be determined by the Board of Directors of
VL, from time to time.

 

(ii)                                  In addition, if the Company’s EBITDA (as
defined in the Stock

 

 

Purchase Agreement) for the period from
October 1, 2003 through September 30, 2004 is no less than $250,000,
then Employee shall be paid a one time bonus of $25,000, which amount shall be
paid within 30 days of when it is determined that Employee is entitled to such
bonus.

 

(c)               Employee shall be granted the option to
acquire 300,000 shares of VL common stock at the market price on the day of
closing this transaction, but in no event shall the option price be below $1.00
per share, which shall vest, so long as Employee remains employed by the
Company,  over a three year period as
follows: (i) the option to purchase the first 100,000 shares shall vest on
October 31, 2004 if the Company’s EBITDA (as defined in the Stock Purchase
Agreement) for the period from October 1, 2003 through September 30,
2004 is no less than 20% of the Company’s gross revenue for such period and no
less than $250,000 (if these financial thresholds are not met the option for
the first 100,000 shares shall expire); (ii) the option to purchase the second
100,000 shares shall vest on October 31, 2005 if the Company’s EBITDA (as
defined in the Stock Purchase Agreement) for the period from October 1,
2004 through September 30, 2005 is no less than 20% of the Company’s gross
revenue for such period and no less than $350,000 (if these financial
thresholds are not met the option for the second 100,000 shares shall expire);
and (iii) the option to purchase the third 100,000 shares shall vest on
October 31, 2006 if the Company’s EBITDA (as defined in the Stock Purchase
Agreement) for the period from October 1, 2005 through September 30,
2006 is no less than 20% of the Company’s gross revenue for such period and no
less than $500,000 (if these financial thresholds are not met the option for
the third 100,000 shares shall expire). 
In the event Employee is terminated by the Company during the Term
without Cause, then any of the above options whose potential vesting date has
not occurred at the time of termination, shall immediately vest.  Any options that have vested pursuant to the
foregoing shall expire and be of no further force or effect if not exercised
within is six months after the termination of Employee’s employment with Company.

 

4.                                      PARTICIPATION IN EMPLOYEE
BENEFIT PLANS

 

(a)  Fringe Benefits

 

Employee shall be permitted
during the Term to participate in any individual group life, medical,
hospitalization, and disability plans, to the extent that Employee is eligible
under the provisions of such plans, and in any other plans and benefits, if
any, generally maintained by the Company for executive employees of the stature
and rank of Employee during the Term hereof, each in accordance with the terms
and conditions of such plans (collectively referred to herein as “Fringe
Benefits”); provided, however, that the Company shall not be required to
establish or maintain any such Fringe Benefits.

 

(b)  Vacation

 

Employee
shall have the right during each year of the Term, in addition to

 

 

5 personal/sick days and those days in which
the Company is closed, to take an aggregate of two weeks of vacation time
during the first year of employment and three weeks of paid vacation time
during the second and third year of employment, at such times as may be
mutually agreed upon by the Company and Employee.  The
employee will not be able to accrue vacation or personal/sick time during the
term of this agreement

 

(c)  Expenses

 

The Company will reimburse
Employee for actual and necessary travel and accommodation costs, entertainment
and other business expenses incurred as a necessary part of discharging the
Employee’s duties hereunder, subject to receipt of reasonable and appropriate
documentation by the Company.  If
Employee is required to undertake any travel on behalf of the Company, Employee
may be furnished coach class air travel, and shall stay in first class
accommodations (i.e., Hyatt’s, Marriott, or Hilton Hotels).

 

(d)  Cellular Benefits

 

The Company will provide
Employee with a cell phone and directly pay all base plan costs related to the
cell phone up to $100 per month.

 

(e)  Automobile Allowance

 

Employee shall receive a
monthly automobile allowance from the Company of $500 per month.  Said allowance is full payment for all gas
and use for said automobile; provided, however, additional  mileage charges, in customary amounts, shall
be added in the event a vehicle is used for transportation to a trade show or
other extraordinary business trip.

 

5.  CERTAIN
COVENANTS OF EMPLOYEE:

 

Without in any way limiting
or waiving any right or remedy accorded to the Company or any limitation placed
upon Employee by law, Employee agrees as follows:

 

(a)  Confidential Information

 

Employee agrees that,
neither during the Term nor at any time within 2 years thereafter, neither Employee
nor any affiliate thereof shall (i) disclose to any person, firm, or
corporation who is not employed by the Company or its affiliates or
subsidiaries (a “Protected Company”) or who is not engaged to render services
to any Protected Company or (ii) use for the benefit of himself, or others, any
confidential information of any Protected Company obtained by the Employee
during the Term or any time thereafter, including, without limitation,
“know-how” trade secrets, details of supplier’s, manufacturer’s, distributor’s
contracts, financial data, operational methods, technical processes, designs
and design projects, and other proprietary information of any Protected

 

 

Company; provided, however,
that this provision shall not preclude Employee from (x) making any disclosure
required by any applicable law or (y) using or disclosing information known
generally to the public (other than information known generally to the public
as a result of any violation of this Section 5(a) by or on behalf of the Employee).

 

(b)  Property of The Company

 

Any interest in trademarks,
service marks, copyrights, copyright applications, patents, patent
applications, slogans, and processes which the Employee, during the Term, may
develop relating to the Business of the Company in which the Company may then
be engaged and any memoranda, notes, lists, records and other documents (and
all copies thereof) made or compiled by the Employee or made available to the
Employee concerning the business of any Protected Company shall belong to and
remain in the possession of any Protected Company, and shall be delivered to
the Company promptly upon the termination of the Employee’s contractual
arrangement with the Company as herein provided, or at any other time on
request.

 

(c)  Hiring Other Employees

 

Neither Employee nor any
affiliate thereof (including Employee) will, for a period of two (2) years
after the Term hereof, induce any person who is a senior Employee or officer of
the Company and/or Vital Living, Inc., to terminate their contractual
relationship with the Company.

 

6.                                      TERMINATION:

 

(a)  Termination Upon Death or Disability

 

If during the Term, Employee should (i) die
or (ii) become so physically or mentally disabled whether totally or partially,
that Employee is unable to perform the duties, functions and responsibilities
required hereunder for (aa) a period of three (3) consecutive months or (bb)
shorter periods aggregating to four (4) months within any consecutive period of
twelve (12) months (“Disability”), then in such event, the Company may, at any
time thereafter, by 30 days written notice to Employee, terminate Employee’s
services hereunder. Employee agrees to submit to reasonable medical
examinations upon the reasonable request of the Company  The existence of Employee’s disability for
the purposes of this Agreement shall be determined by a reputable physician
selected by the Company who is experienced in the relevant field of
medicine.  If  Employee’s services are terminated, as aforesaid, Employee shall
be entitled to receive Employee’s Base Compensation, accrued share of the Bonus
for that Fiscal Year and unused vacation, if any, earned through the date of
Employee’s termination and continuing thereafter for an additional period of
two (2) months.

 

 

(b)  By Resignation or By The Company for
Cause

 

If Employee’s employment
with the Company terminates due to his voluntary resignation or if the Company
terminates Employee’s employment due to Cause (as  defined below), the Company shall pay
Employee all accrued Base Compensation (with no Bonus for the year in which the
termination of employment took place), but no other compensation or
reimbursement of any kind (except other accrued or vested sums such as awarded
bonuses and profit participations), and thereafter the Company’s obligations
hereunder shall terminate.  “Cause”
means (i) the Employee’s repeated failure to satisfactorily perform the
Employee’s job duties or follow lawful directions of the Board of Directors of
Company consistent with Employee’s job duties, provided Employee has been
provided with written notice of such failure and a reasonable period to cure
such failure, (ii) the Employee’s conviction of a crime involving moral
turpitude, (iii) the Employee’s violation of any material provision of this
Agreement, or (iv) the Employee’s commission of any fraud against the company,
its employees, agents or customers or use or appropriation for his personal use
or benefit of any property of the Company.

 

(c)  Termination Without Cause

 

If Employee’s employment is
terminated without “Cause”, the Company shall pay the Employee his (i) base
salary for the remainder of the term on and when his salary check is due for
the remaining term of the Agreement and (ii) any accrued but unpaid bonuses,
retirement plan contributions, stock options, or stock warrants, if any, or any
other earned benefit or remuneration otherwise payable under the terms hereof.

 

(d)  Designation of Beneficiary

 

The parties hereto agree
that Employee shall designate, by written notice to the Company, a beneficiary
to receive the payments described in Section 6 in the event of his death
and the designation of any such beneficiary may be changed by Employee from
time to time by written notice to the Company. 
In the event Employee fails to designate a beneficiary as herein
provided, any payments which are to be made to the Employee’s designated
beneficiary under Section 6 shall be made to Employee’s surviving spouse
or estate, if any.

 

7.    EMPLOYEE’S
REPRESENTATIONS AND WARRANTIES:

 

(a)  Right to Enter Into Agreement

 

Employee has the unfettered
right to enter into this entire Agreement on all of the terms, covenants and
conditions hereof; and Employee has not done or permitted to be done anything
which may curtail or impair any of the rights granted to the Company herein.

 

 

(b)              Breach Under Other Agreement or Arrangement

 

Neither the execution and
delivery of this Agreement nor the performance by Employee of any of his
obligations hereunder will constitute a violation or breach of, or a default
under, any agreement, arrangement or understanding, or any other restriction of
any kind, to which Employee is a party or by which Employee is bound.

 

(c)               Services Rendered Deemed Special, Etc.

 

Employee acknowledges and
agrees that the services to be rendered by Employee hereunder are of a special,
unique, extraordinary and intellectual character which gives them peculiar
value, the loss of which cannot be adequately compensated for in an action at
law and that a breach of any term, condition or covenant hereof will cause
irreparable harm and injury to the Company and in addition to any other
available remedy the Company will be entitled to seek injunctive relief.

 

8.                                      USE OF NAME:

 

Employee agrees that the
Company shall have the right during the Term hereof to use Employee’s name,
approved biography and approved likenesses in connection with the Company’s
business, including advertising their products and services; and the Company
may grant such rights to others, but not for use as an endorsement of any other
product or service.

 

9.                                      ARBITRATION:

 

Any dispute whatsoever
arising out of or referable to this Agreement, including, without limitation,
any dispute as to the rights and entitlements and performance of the parties
under this Agreement or concerning the termination of Employee’s engagement or
termination of this Agreement or as to its construction or its validity or
enforcement, or as to the arbitrator’s jurisdiction, or as to the arbitrability
of any such dispute, shall be submitted to final and binding arbitration in
Arizona by and pursuant to the Labor Arbitration Rules of the American
Arbitration Association with discovery proceedings pursuant to Arizona
law.  The arbitrator shall be entitled
to award any relief which might be available at law or in equity, including
that of a provisional, permanent or injunctive nature.  The prevailing party in such arbitration as
determined by the arbitrator, or in any proceedings in respect thereof as
determined by the person presiding, shall be entitled to receive its or his reasonable
attorneys’ fees incurred in connection therewith.

 

 

10.                               NOTICES:

 

(a)                                  Delivery

 

Any notice, consent or other
communication under this Agreement shall be in writing and shall be delivered
personally, sent by facsimile transmission or overnight courier (regularly
providing proof of delivery) or sent by registered, certified, or express mail
and shall be deemed given when so delivered personally, sent by facsimile
transmission or overnight courier, or if mailed two (2) days after the date of
deposit in the United States mail as follows: to the parties at the following
addresses (or at such other address as a party may specify by notice in
accordance with the provisions hereof to the other):

 

	
  To the Company:

  	
   

  	
  Doctors for Nutrition

  
	
   

  	
   

  	
  c/o Vital Living, Inc.

  
	
   

  	
   

  	
  5080 N. 40th
  Street, Suite #105

  
	
   

  	
   

  	
  Phoenix, Arizona
  85018-2147

  
	
   

  	
   

  	
  Facsimile:  602-952-6907

  
	
   

  	
   

  	
   

  
	
  With a copy to:

  	
   

  	
  Kelly Lytton & Vann
  LLP

  
	
   

  	
   

  	
  1900 Avenue of the Stars

  
	
   

  	
   

  	
  Los Angeles, California
  90067

  
	
   

  	
   

  	
  Attn:  Bruce P. Vann, Esq.

  
	
   

  	
   

  	
  Facsimile:  310-277-5953

  
	
   

  	
   

  	
   

  
	
  To Employee:

  	
   

  	
  Bruce Howe

  
	
   

  	
   

  	
  415 South Granados

  
	
   

  	
   

  	
  Solana Beach, California
  92075

  

 

(b)                                 Change of Address

 

Either party may change its
address for notice hereunder by notice to the other party in accordance with
this Section 10.

 

11.                               COMPLETE AGREEMENT;
MODIFICATION AND TERMINATION:

 

This Agreement contains a
complete statement of all the arrangements between the parties with respect to
Employee’s services to the Company, and supersedes all existing agreements
between them concerning such services. 
This Agreement may be amended, modified, superseded or canceled, and the
terms and conditions hereof may be waived, only by a written instrument signed
by the parties or, in the case of a waiver, by the party waiving
compliance.  No delay on the part of any
party in exercising any right or remedy hereunder shall operate as a waiver
thereof, nor shall any waiver on the part of any party of any such right or
remedy, nor any single or partial exercise of any such right or remedy preclude
any other or further exercise thereof or the exercise of any other right or
remedy.

 

 

12.                               GOVERNING LAW:

 

This Agreement shall be
governed by and construed in accordance with the law of the State of Arizona
applicable to agreements entered into and performed entirely within such State.

 

13.                               HEADINGS:

 

The headings in this
Agreement are solely for the convenience of reference and shall not affect its
interpretation.

 

WHEREFORE, the parties
hereto have executed this Agreement as of the day and year first above written.

 

	
  Doctors for Nutrition,
  Inc.

  
	
   

  
	
  By: 

  	
   

  	
   

  
	
  Its: 

  	
   

  	
   

  
	
   

  
	
  Agreed to and Accepted:

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Bruce Howe; SS:Exhibit 10.4

 

VITAL LIVING, INC.

 

Strategic Advisor
Agreement

 

 

This
Corporate Strategic Advisor Agreement (SAA) (“Agreement”) dated
October 14, 2003, (the “Effective Date”) is made by and between
Vital Living, Inc., a Nevada corporation, whose address is 5080 N. 40th
Street, #105, Phoenix, Arizona, 85018 (“Company” or “Vital Living”),
and (ii) Dr. Roger Howe (“Consultant”), an individual whose address is
667 Lynwood Drive, Encinitas, California 92024

 

1.             INTRODUCTION

 

Vital Living has
established a Corporate Strategic Advisory Board,  (“CSAB”) to provide Vital Living the following services and
advice in connection with its strategy and plans for the development and
commercialization of its products and services (“Services”), including, but not
limited to:

 

Developing, manufacturing
and testing of nutraceutical formulations that are based on the best available
scientific research, shown to be safe and effective in appropriately designed
and controlled clinical trials, and proprietary to the Company ;

 

Assisting the Company in
the design and development of compliance and lifestyle programs intended to
enhance patient compliance with the Company’s nutraceuticals;

 

Advising the Company on
the needs of potential clients, partners, and other users, including practicing
physicians, academic researchers, other health professional, and patients, and
the design of products, services and offerings to address those needs, but not
helping to directly market to these individuals;

 

Working with other
thought leaders and health professionals to facilitate projects of mutual
benefit to the Company and said individuals: and,

 

Participating
in scientific exchange with thought leaders and other health professionals and
academic researchers regarding potential clinical benefits of Vital Living
products.

 

Consultant desires to be
a member of the CSAB and perform such Services, and Company desires to have
Consultant become a member of the CSAB and perform such Services.

 

2.             CONSULTING SERVICES

 

(A)  Services.  Consultant agrees to serve as a member of
the CSAB and to endeavor to attend and participate in all CSAB meetings. Vital Living currently intends to convene one
(1) in-person meeting annually and approximately  (3) teleconference meetings of the CSAB per
year.

 

The Company
retains Consultant to provide the following consulting services (the “Consulting  Services.”) to the
Company:

 

(i)            Assist the Company in formulating, developing and
executing an ongoing strategic business strategy.

 

 

(ii)           Assist the Company effecting the clinical
evaluation of its products.

 

(iii)          Assist in developing a brand identity and
marketing strategy for Company products, including the identifying, developing
and assessing of distribution channels, including mainstream physicians, and
formulating a Company identity and message to be communicated to investors,
physicians, researchers, patients, and other constituencies.

 

(iv)          Advise the Company with respect to high-level
legal and regulatory issues, including strategies for the protection of Company
intellectual property.

 

(v)           Facilitate introductions to leading physicians
and other prominent healthcare industry professionals, including the
recruiting of highly qualified individuals to serve as members of the
Scientific Advisory Board.

 

(vi)          Assist in the design, development and
implementation of a lifestyle and compliance program.

 

(vii)         Assist the Company in identifying and assessing
opportunities for capital formation.

 

(viii)        Appear at and participate
in medical conferences, meetings, conference calls, or other corporate
promotional functions as mutually agreed upon by both parties.

 

(ix)           Perform such additional
services as the Company and Consultant may agree upon.

 

(b)  In performing the duties required under
this Agreement, Consultant, at all times shall exercise his professional
independent judgment, based on his training, experience and expertise.  Consultant shall at all times comply with
the ethical rules and opinions of the professional organizations of which he is
a member.  If any conflict arises between
Consultant’s duties hereunder and Consultant’s ethical or other contractual
obligations, Consultant shall immediately bring the matter to the attention of
the chief executive officer, president or chairman of the board of directors of
the Company.

 

(c)  Consultant shall devote such time as is
reasonably required to perform the Consulting Services as mutually agreed upon
by both parties.

 

(d)  Consultant shall provide the Consulting
Services at such locations as may be necessary or desirable to perform such
Consulting Services effectively as mutually agreed upon by both parties.

 

(e)  Consultant and Company presently
believe that effective performance will require Consultant to visit the
Company’s offices at least once per calendar year and be available for
telconferences three times per year during the Term.

 

3.             SERVICES COMPENSATION
AND EXPENSE REIMBURSEMENT

 

Compensation
and Expense Reimbursement. 
As sole compensation for the performance of the Services, Company will
compensate Consultant as follows.

 

(i)            The Company will
reimburse Consultant for reasonable out-of-pocket expenses incurred in the
performance of the Services, including Economy Class travel to CSAB Meetings;
provided, however, that (a) all such out-of pocket expenses over an aggregate of
$500 during any calendar

 

 

month shall have been
previously approved in writing by an officer of the Company; and (b) all such
out-of-pocket expenses are supported by reasonable documentation;

 

(ii)           GRANT OF OPTIONS.  The Company hereby grants to Optionee, a
Non-Qualified Option (“Options”)
to purchase all or any part of 20,000 Shares, upon and subject to the terms and
conditions of the Plan, which is incorporated in full herein by this reference,
and upon the other terms and conditions set forth herein at an exercise price
equal to the market price on the day of the closing of the transaction in which
the Company acquired all the stock of Doctors for Nutrition, Inc. but in no
event shall the option price be below $1.00 per share.  The Option is not intended to qualify as an
“incentive stock option” as that term is defined in Section 422 of the
Internal Revenue Code of 1986, as amended from time to time.

 

(iii)          OPTION PERIOD/VESTING.

 

(a)           Subject to the
provisions of Section 8, the Options granted to purchase the Vested Shares
can be excercised at any time prior to expiration of the five (5) year period,
subject to certain restricted periods of excercise as governed by the
securities law, and certain board actions that may prohibit the exercise during
certain periods of time.  .

 

(b)           As long as Holder is
engaged by the Corporation pursuant to this CSAB Agreement, Shares of Common
Stock underlying this Option shall become “Vested Shares” as follows:, 1,850
shares of Common Stock shall become Vested Shares on November 1, 2003, and
an additional 1,650 shares of common stock will become vested shares on the 1st
day of every third month for the term of this agreement.

 

4.             RELATIONSHIP OF
PARTIES

 

4.1           Independent Contractor.  Consultant is an independent contractor and
is not an agent or employee of, and has no authority to bind, Company.  Consultant will perform the Services under
the general direction of Company, but Consultant will determine the manner and
means by which the Services are accomplished. Consultant acknowledges that
Vital Living shall not have any obligation to follow the advice of Consultant
or the CSAB. Except as set forth in this Agreement, Consultant will not be
entitled to receive benefits from or to participate in any plans designed to
provide benefits for Company’s employees.

 

 

5.             Intentionally Omitted.

 

 

6.             CONFIDENTIAL
INFORMATION

 

Consultant acknowledges
that Consultant will acquire information and materials from Company and
knowledge about Company including, without limitation, knowledge about
business, marketing plans, pricing practices, products, formulation,
ingredients, dosages, services, inventions, prototypes, cell lines, formula,
processes, programming techniques, experimental work, customers, clients and
suppliers of Company and that all such knowledge, information and materials
acquired, and the Designs and Materials, are and will be the trade secrets and
confidential and proprietary information of Company (collectively “Confidential
Information”).  Confidential
Information will not include, however, any information which is or becomes part
of the public domain through no fault of Consultant or that

 

 

Company regularly gives
to third parties without restriction on use or disclosure.  Consultant agrees to hold all such
Confidential Information in strict confidence, not to disclose it to others or
use it in any way, commercially or otherwise, except in performing the
Services, and not to allow any unauthorized person access to it, either before
or after expiration or termination of this Agreement.  Consultant further agrees to take all action reasonably necessary
and satisfactory to protect the confidentiality of the Confidential
Information.

 

7.             TERM AND TERMINATION

 

This Agreement will commence on the Effective Date and
terminate three years thereafter. 
Either party may terminate this Agreement at any time, for any reason or
for no reason, upon thirty (30) days written notice.

 

8.             EFFECT OF EXPIRATION
OR TERMINATION   Upon the expiration
or termination of this Agreement for any reason, (a) each party will be
released from all obligations to the other arising after the date of expiration
or termination, except that expiration or termination of this Agreement will
not relieve either party of its obligations under Sections 3, 4, 5, 6, 8, 9 and
10, nor will expiration or termination relieve Consultant or Company from any
liability arising from any breach of this Agreement; and (b) Consultant will
promptly notify Company of all Confidential Information, including but not
limited to the Designs and Materials, in Consultant’s possession and promptly
deliver to Company, or destroy at Company’s request, all such Confidential
Information.

 

9.             WARRANTIES

 

Consultant represents and
warrants to the Company that (a) Consultant’s service on the CSAB does not
conflict with, result in the breach of any provisions of, or constitute a
default under any agreement or other obligation to which Consultant is a party,
and (b) Consultant’s principal place of employment has received full disclosure
as to the Consultant’s service on the CSAB and that such employer consents to
the Consultant’s participation.

 

10.          GENERAL

 

10.1         Publicity. 
Consultant shall not publicize or advertise in any manner that
Consultant is performing the Services hereunder, without the prior written
consent of Company.  Consultant hereby grants to Company the right to use
Consultant’s name, approved biography
and approved likenesses in connection with the Company’s business, including
advertising their products and services; and the Company may grant such rights
to others, but not for use as an endorsement of any other product or service.

 

10.2         Assignment.  Consultant may not assign this Agreement or any of Consultant’s
rights or delegate Consultant’s duties under this Agreement either in whole or
in part, whether by operation of law or otherwise.  Any attempted assignment will be void and of no force and effect.

 

10.3         Equitable Remedies.  Because the Services are personal and unique
and because Consultant will have access to Confidential Information of Company,
Company will have the right to enforce this Agreement and any of its provisions
by injunction, specific performance or other equitable relief without prejudice
to any other rights and remedies that Company may have for a breach of this
Agreement.

 

 

10.4         Attorneys’ Fees.  If any action is necessary to enforce the terms of this
Agreement, the substantially prevailing party will be entitled to reasonable
attorneys’ fees, costs and expenses in addition to any other relief to which such
prevailing party may be entitled.

 

10.5         Governing Law; Severability.  This Agreement will be governed by and
construed in accordance with the laws of the State of California excluding that
body of law pertaining to conflict of laws. 
If any provision of this Agreement is for any reason found to be
unenforceable, the remainder of this Agreement will continue in full force and
effect.

 

10.6         Notices. 
Any notices under this Agreement will be sent by certified or registered
mail, return receipt requested, or a nationally recognized overnight courier to
the address set forth above or such other address as the party specifies in
writing.  Such notice will be effective
upon its mailing.

 

10.7         Counterparts.  This Agreement may be executed in two or more counterparts, each
of which shall be deemed an original, but all of which together shall
constitute one and the same document.

 

10.8         Complete Understanding; Modification.  This Agreement constitutes the complete and
exclusive understanding and agreement of the parties and supersedes all prior
understandings and agreements, whether written or oral, with respect to the
subject matter hereof.  Any waiver,
modification or amendment of any provision of this Agreement will be effective
only if in writing and signed by the parties hereto.

 

IN WITNESS WHEREOF, the parties have signed this
Agreement as of the Effective Date.

 

 

	
  VITAL
  LIVING, INC.

  	
  CONSULTANT

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
  Title:

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