Document:

EXHIBIT 10.3
To: Rick Ducommun
Re: Contract, Consultant- Director of Project Development

Two-Year Agreement Stock Compensation- 300,000 Shares Free Trading

Stock Disbursement Schedule:

      o     50,000 S-8 shares six months
      o     50,000 S-8 shares at 6 month intervals until 200,000 shares have
            been transferred
      o     As soon as administratively possible, after the company signs a
            contract with Mr. Ducommun, 100,000 Rule 144 Restricted shares will
            be placed into a trust, which upon completion of two years of
            satisfactory performance, the stock trust will then be transferred
            to Mr. Ducommun free trading.
            1)    Mr. Ducommun agrees to disburse the Rule 144 Restricted stock
                  over a six-month period in cooperation with the company.
                  Example: Approximately 33,000 shares every 45 days.
      o     If this contract is terminated by mutual agreement, the stock trust
            and S-8 shares will be pro-rated by 100% percentage calculation and
            transferred to Mr. Ducommun within 30 days of the termination.
      o     The company will also pay Mr. Ducommun fair market value, in cash
            for all content in which he acts, writes, directs or performs other
            services for the company.

Job Description:
      o     Consult or assist in the development of projects for the company. To
            help in evaluating all projects the company will be or contemplate
            being involved in.
      o     In addition, Mr. Ducommun will be authorized to arrange loans for
            the company. The investment instrument to be use is the convertible
            debenture. The discount to be given will set by the Operations
            Department. Mr. Ducommun will be paid 10% of all debentures he
            arranges, immediately upon the completion of the debenture.

Key man Clause:
      o     Stereo Vision Entertainment, Inc. agrees that during the term of the
            contract, Jack Honour shall have the responsibility of personally
            supervising communication, negotiations, or any other business
            between Mr. Ducommun and the company.
      o     In the event Jack Honour shall cease to be active in the affairs of
            Stereo Vision Entertainment, Inc. by reason of death, disability,
            retirement or any other reason, Mr. Ducommun shall have the right to
            terminate this contract.
      o     Such termination shall not effect any financial remuneration owing
            Mr. Ducommun at the time of such termination.

Indemnity:
      o     Stereo Vision Entertainment, Inc. agrees to indemnify and hold
            harmless Mr. Ducommun his employees, heirs, partners, assignees
            including but not limited to his corporate entities, business
            associates advisors, agents, attorneys, and their respective heirs,
            employees et al from any liability, costs, or other responsibilities
            with regard to their actions for or on behalf of the company.
      o     Stereo Vision Entertainment, Inc. agrees it will cover Mr. Ducommun
            the same protection afforded officers and directors of the company
            in the articles of incorporation of the company.
      o     Should this agreement terminate prior to the release of Rule 144
            stocks, the company and its appropriate employees, directors or
            officers will cooperate with Mr. Ducommun and /or his
            representatives in facilitating the release of the stock.

Arbitration of disputes:
      o     Any and all disputes arising under or related to this contract shall
            first be submitted to mediation. If not resolved it shall then be
            submitted to and finally decided, by binding arbitration under
            California law and under the commercial arbitration rules of the
            American Arbitration Association in San Diego, California, and
            judgment on any award entered therein shall be entered into any
            court of competent jurisdiction over the party charged by such
            award.

Assignment or transfer of rights:
      o     Either party may assign or transfer their rights under this
            agreement to a third party with the permission of the other. Such
            permission not be unreasonably withheld and such transfer not to
            impede, alter or infringe on the rights of either party to this
            agreement.

The parties agree to enter into a more detailed and formal agreement. However,
until that time this agreement shall represent the entire understanding between
the parties.

         /s/ Rick Ducommun                         Date  July 19, 1999
         ---------------------------                    ---------------------
         Rick Ducommun

         /s/ John Kookootsedes                     Date  July 19, 1999
         -----------------------------------            ---------------------
         John Kookootsedes, President
         Kestrel Equity Corp. / Stereo Vision Entertainment, Inc.EXHIBIT 10.4

To: Rocco Urbisci
Re: Contract, Consultant- Director of Productions

Two-Year Agreement Stock Compensation- 200,000 Shares Free Trading

Stock Disbursement Schedule:

      o     10,000 S-8 shares six months
      o     10,000 S-8 shares at 6 month intervals until 40,000 shares have been
            transferred

      o     As soon as administratively possible, after the company signs a
            contract with Mr.Urbisci, 160,000 Rule 144 Restricted shares will be
            placed into a trust, which upon completion of two years of
            satisfactory performance, the stock trust will then be transferred
            to Mr. Urbisci free trading.
            1)    Mr. Urbisci agrees to disburse the Rule 144 Restricted stock
                  over a six-month period in cooperation with the company.
                  Example: Approximately 53,000 shares every 45 days.
      o     If this contract is terminated by mutual agreement, the stock trust
            and S-8 shares will be pro-rated by 100% percentage calculation and
            transferred to Mr. Urbisci within 30 days of the termination.
      o     The company will also pay Mr. Urbisci fair market value, in cash for
            all content in which he acts, writes, directs or performs other
            services for the company.

Job Description:
      o     To evaluate the feasibility of projects contemplated by the company
            and to assess and advise the company on projects they choose to
            enter into including budgets and schedules. To provide meaningful
            consultation with respect to hiring crews, production companies,
            staff and other aspects of producing the company's projects.
      o     In addition, Mr. Urbisci will be authorized to arrange loans for the
            company. The investment instrument to be use is the convertible
            debenture. The discount to be given will set by the Operations
            Department. Mr. Urbisci will be paid 10% of all debentures he
            arranges, immediately upon the completion of the debenture.

Key man Clause:
      o     Stereo Vision Entertainment, Inc. agrees that during the term of the
            contract, Jack Honour shall have the responsibility of personally
            supervising communication, negotiations, or any other business
            between Mr. Urbisci and the company.
      o     In the event Jack Honour shall cease to be active in the affairs of
            Stereo Vision Entertainment, Inc. by reason of death, disability,
            retirement or any other reason, Mr. Urbisci shall have the right to
            terminate this contract.
      o     Such termination shall not effect any financial remuneration owing
            Mr. Urbisci at the time of such termination.

Indemnity:
      o     Stereo Vision Entertainment, Inc. agrees to indemnify and hold
            harmless Mr. Urbisci his employees, heirs, partners, assignees
            including but not limited to his corporate entities, business
            associates advisors, agents, attorneys, and their respective heirs,
            employees et al from any liability, costs, or other responsibilities
            with regard to their actions for or on behalf of the company.
      o     Stereo Vision Entertainment, Inc. agrees it will cover Mr. Urbisci
            the same protection afforded officers and directors of the company
            in the articles of incorporation of the company.
      o     Should this agreement terminate prior to the release of Rule 144
            stocks, the company and its appropriate employees, directors or
            officers will cooperate with Mr. Urbisci and /or his representatives
            in facilitating the release of the stock.

Arbitration of disputes:
      o     Any and all disputes arising under or related to this contract shall
            first be submitted to mediation. If not resolved it shall then be
            submitted to and finally decided, by binding arbitration under
            California law and under the commercial arbitration rules of the
            American Arbitration Association in San Diego, California, and
            judgment on any award entered therein shall be entered into any
            court of competent jurisdiction over the party charged by such
            award.

The parties agree to enter into a more detailed and formal agreement. However,
until that time this agreement shall represent the entire understanding between
the parties.

         /s/ Rocco Urbisci                           Date  October 4, 1999
         ---------------------------                       ---------------------
         Rocco Urbisci

         /s/ John Kookootsedes                       Date  October 4, 1999
         -----------------------------------               ---------------------
         John Kookootsedes, President
         Kestrel Equity Corp. / Stereo Vision Entertainment, Inc.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}]]