Document:

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                                  Exhibit 10.3

    Consulting Agreement between Cool Management Inc. and Leonard Wayne Voth
                               dated March 1, 1999

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CONSULTING AGREEMENT
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THIS AGREEMENT dated for reference March  1, 1999

BETWEEN

                  COOL MANAGEMENT INC., a company incorporated under the laws of
                  British Columbia having its registered office at 1000-840 Howe
                  Street, Vancouver, British Columbia, V6Z 2M1

                                                                (the "Company");

AND

                  LEONARD WAYNE VOTH, who resides at 4422 Stone Crescent, West
                  Vancouver, British Columbia, V7V 1B7

                                                             (the "Consultant").

WHEREAS:

A.                The Company is party to a management contract (the "Management
Agreement") between the Company and Cool Entertainment, Inc. ("Cool
Entertainment"), a Washington corporation which intends to carry on the business
of internet sales of audio and visual products; and

B.                The Company wishes to retain the Consultant to provide certain
consulting services on the terms and conditions contained in this Agreement.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual
covenants and agreements herein contained the Parties agree as follows:

1.                INTERPRETATION

1.1               In this Agreement the following terms shall have the meaning
set out below:

         (a)      "AGREEMENT" means this consulting agreement as amended and
                  supplemented from time to time;

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         (b)      "BOARD" means the board of directors of the Company;

         (c)      "BUSINESS DAY" means any day other than Saturday, Sunday or a
                  statutory holiday in British Columbia;

         (d)      "CONSULTING FEES" has the meaning given in Article 4;

         (e)      "CONSULTING SERVICES" means such advice, assistance and
                  services with respect to such matters as the Company may
                  reasonably prescribe from time to time;

         (f)      "PARTIES" means parties to this Agreement, and "PARTY" means
                  any one of them; and

         (g)      "TERM" has the meaning given in Article 3.

1.2               GOVERNING LAW

This Agreement shall be governed by and be constructed in accordance with the
laws of the Province of British Columbia and laws of Canada applicable in the
Province of British Columbia.

1.3               SEVERABILITY

If any one or more of the provisions contained in this Agreement should be
determined to be invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained herein shall
not in any way be affected or impaired thereby.

1.4               ENUREMENT

This Agreement shall enure to the benefit of and be binding on the Parties and
their respective heirs, successors, personal representatives and permitted
assigns.

1.5               HEADINGS

The headings in this Agreement are inserted for convenience only and shall not
affect the interpretation of this Agreement.

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                                     - 3 -

2.0               CONSULTING  SERVICES

The Company hereby retains the Consultant, on a non-exclusive basis, to provide
to the Company the Consulting Services as requested by the Company, acting
reasonably, from time to time.

3.0               TERM

The term of this Agreement (the "Term") shall commence on the day Chelsea
Pacific Financial Corp. ("Chelsea") meets the First Financing Milestone, as that
term is defined in Section 7.1(a) of the Escrow Agreement between Pacific
Corporate Trust Company, Cool Entertainment, Chelsea, Minas Novas Gold Corp.
(the "U.S. Company") and Clement Kar Man Lau, William James Hadcock, Leonard
Wayne Voth and Marc Gregory Belcourt (Lau, Hadcock, Voth and Belcourt are herein
collectively referred to as the "Vendors") of even date herewith (the "Escrow
Agreement"), and ending on that day (the "Expiry Date") which is the earlier of:

         (a)      one year from the day on which Chelsea meets the Fourth
                  Financing Milestone (as defined in Section 7.1(d) of the
                  Escrow Agreement); and

         (b)      the day the Vendors become entitled to terminate Chelsea's
                  right of first refusal provided in Section 7 of the Amendment
                  and Restatement between Chelsea, the Vendors, Cool
                  Entertainment and the U.S. Company of even date herewith (the
                  "Amendment and Restatement") pursuant to Section 7.4(h)(i) of
                  the Escrow Agreement.

4.0               REMUNERATION  FOR  CONSULTING  SERVICES

As remuneration for the Consulting Services, the Company will pay to the
Consultant a fee of US$25,000 per year commencing on the commencement of the
Term (the "Consulting Fees").

5.0               CONFIDENTIAL  INFORMATION

5.1               CONFIDENTIALITY

The Consultant acknowledges that during the Term, the Consultant will:

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         (a)      have access to and will be entrusted with detailed
                  confidential information, know-how and trade secrets relating
                  to the business and affairs of the Company, Cool Entertainment
                  and the U.S. Company including, without limitation, finances,
                  products, services, dealings and transactions of Cool
                  Entertainment and the U.S. Company, and the names, addresses,
                  preferences or other particular business requirements of Cool
                  Entertainment's and the U.S. Company's customers
                  ("Confidential Information"), and that the disclosure of
                  Confidential Information to competitors of the Company, Cool
                  Entertainment or the U.S. Company or to the public would be
                  highly detrimental to the best interests of the Company, Cool
                  Entertainment and the U.S. Company;

         (b)      in the course of performing services hereunder, the Consultant
                  will be one of the principal representatives of Cool
                  Entertainment and the U.S. Company and as such will be
                  significantly responsible for maintaining or enhancing the
                  goodwill of Cool Entertainment and the U.S. Company; and

         (c)      the rights of the Company, Cool Entertainment and the U.S.
                  Company to maintain the confidentiality of Confidential
                  Information, and to preserve its goodwill, constitute
                  proprietary rights of the Company, Cool Entertainment and the
                  U.S. Company which the Company, Cool Entertainment and the
                  U.S. Company are entitled to protect;

and the Consultant will not, during the Term and for one year after the expiry
thereof, disclose to any person, firm or corporation any Confidential
Information for any purpose other than the purposes of Cool Entertainment and
the U.S. Company and the Consultant will not disclose or use for any purpose
other than for those of Cool Entertainment or the U.S. Company any Confidential
Information, provided that the foregoing covenant shall not extend to
Confidential Information which:

         (a)      disclosure of is specifically consented to in writing by the
                  Company, Cool Entertainment and the U.S. Company;

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                                     - 5 -

         (b)      the Consultant is required by applicable law or by an order of
                  a court of competent jurisdiction to disclose;

         (c)      now or subsequently becomes available to the public through no
                  fault of the Consultant;

         (d)      the Consultant can demonstrate to have had rightfully in its
                  possession prior to disclosure to the Consultant by the
                  Company, Cool Entertainment or the U.S. Company;

         (e)      is independently developed by the Consultant without the use
                  of any Confidential Information; or

         (f)      the Consultant rightfully obtains from a third party who has
                  the right to transfer or disclose it.

The Consultant acknowledges that the foregoing covenant is necessary and
fundamental for the protection of the businesses of Cool Entertainment and the
U.S. Company and that a breach by the Consultant of such covenant would result
in damage to Cool Entertainment and the U.S. Company which would not be
adequately compensated by an award of damages to Cool Entertainment or the U.S.
Company and that, in addition to all other remedies available to Cool
Entertainment or the U.S. Company, Cool Entertainment and the U.S. Company shall
be entitled to the immediate remedy of a restraining order, injunction or other
form of relief as may be decreed or issued by any court of competent
jurisdiction to restrain or enjoin the Consultant from breaching such covenant.

6.0               BREACH OF COVENANTS

If the Consultant is in breach of any of his covenants under this Agreement, the
Company shall have the right at any time to terminate this Agreement by giving
to the Consultant 30 days' notice of its intention to terminate and upon the
expiry of such 30 day period this Agreement will

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terminate except for the provisions of Articles 5 and 10, which shall survive
for a period of one year from such termination, and Article 8.

7.0               MISCELLANEOUS

7.1               NO PARTNERSHIP OR AGENCY

The relationship between the Company and the Consultant is that of independent
contractor and nothing herein contained shall be interpreted so as to create a
partnership or agency relationship between the Parties.

7.2               ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties with respect
to the subject matter hereof and supersedes and replaces all previous
correspondence, written or oral, with respect to the subject matter hereof.

7.3               NOTICE

All communications required to be given under this Agreement will be in writing
and will be deemed to have been properly given if transmitted by facsimile
transmission or delivered to the address of the Party directly, and will be
deemed to have been received, if transmitted by facsimile transmission, on the
first Business Day following that facsimile transmission, or if delivered, upon
the date of delivery. The communications will be sent to the addresses set forth
on page one of this Agreement or any other address or addresses that the Parties
shall advise the other in writing from time to time.

8.0               TAXES AND OBLIGATIONS

Each of the Company and the Consultant shall be responsible for their own legal
obligations and will pay their own taxes and make their own payroll and other
deductions, as required by applicable law. Each Party agrees to indemnify and
save harmless the other from any claim which may affect the other Party in the
event of a breach by such Party of its obligations under this Agreement.

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9.0               TERMINATION

Except for the provisions of Articles 5, 10 and 8, either Party may terminate
this Agreement upon giving 30 days' prior notice in writing to the other.

10.0              NON-COMPETITION

10.1              The Consultant covenants and agrees that he will not, until
that day which is the earlier of: (i) one year from the expiry of the Term; and
(ii) the day the Vendors become entitled to terminate Chelsea's right of first
refusal provided in Section 7 of the Amendment and Restatement pursuant to
Section 7.4(h)(i) of the Escrow Agreement:

                  (a)   directly or indirectly, in any capacity whatsoever,
alone or in association with any other person, firm or corporation (other than
the Company or Cool Entertainment), as a principal, agent, shareholder,
director, guarantor, creditor, or in any other relationship whatsoever, save and
except as an employee only, engage or be concerned or interested in any business
substantially similar to the business of Cool Entertainment and which may
compete with the business of Cool Entertainment at any time during that period
in any territory in which Cool Entertainment carries on its business;

                  (b)   directly or indirectly, use or disclose to any person,
except duly authorized officers and employees of the Company and Cool
Entertainment, any Confidential Information acquired by him by reason of his
involvement and association with the Company; or

                  (c)   directly or indirectly, solicit any customer of Cool
Entertainment, as of the date of termination of employment, in any territory in
which Cool Entertainment carries on its business during that period.

Notwithstanding the foregoing, the Consultant may invest in or have an interest
in entities traded on any public market or offered by any brokerage house, if an
so long as the interest does not exceed 5% of the voting control of such entity.

10.2              The parties recognize that irreparable damage would result
from any violation of the covenant in Section 10.1. It is therefore expressly
agreed that, in addition to any and all of

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the remedies available to the Company and Cool Entertainment, they will each be
entitled to the immediate remedy of injunction or such other equitable relief as
may be decreed or issued by any court of competent jurisdiction to enforce
Section 10.1 hereof.

10.3              The Consultant acknowledges that the covenant in Section 10.1
hereof is given for good and valuable consideration (receipt of which is hereby
acknowledged), and that by reason of his unique knowledge of and his association
with the business of Cool Entertainment, the scope of such covenant as to time
and area is reasonable and commensurate with the protection of the legitimate
interests of Cool Management and Cool Entertainment. The covenant in Section
10.1 shall survive expiry of the Term for a period of one year, and such
covenant is severable for that purpose. If any part of such covenant is held to
be unenforceable by a court of competent jurisdiction, such part may be severed
and replaced by the widest term that would not be held to be void or
unenforceable. The Consultant waives all defences to the strict enforcement of
such covenant.

11.0              INTELLECTUAL PROPERTY AND STOCK OPTION PLAN

11.1              The Consultant acknowledges that intellectual property
developed by him in the course of provision of services to the Company hereunder
will be the property of Cool Entertainment (subject to Section 7.4(c) of the
Escrow Agreement), and the Consultant will cooperate with Cool Entertainment
with respect to the making of any filings reasonably necessary to protect such
intellectual property, and will execute all documents reasonably necessary to
transfer the ownership of benefits thereof to Cool Entertainment.

11.2              The Consultant will be entitled to participate in any stock
option plan established by the U.S. Company , which upon completion of the
transaction described in the Amendment and Restatement shall be the owner of all
of the issued and outstanding shares in the capital of Cool Entertainment, on a
basis at least as favourable as that of any other participant therein.

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IN WITNESS WHEREOF this Agreement has been executed by the Parties as of the
date first above written.

COOL MANAGEMENT INC.

Per:

/s/ Clement K.M. Lau
--------------------------------------
Clement K.M. Lau:
Authorized Signatory

Signed, sealed and delivered                )
by LEONARD WAYNE VOTH                       )
in the presence of:                         )
                                            )
/s/ Campbell Fitch                          )
--------------------------------------      )
S. Campbell Fitch                           )
                                            )
1000, 840 HOWE STREET, VANCOUVER, B.C.      )
--------------------------------------      )    /s/ Leonard Wayne Voth
Address                                     )    -------------------------------
                                            )    LEONARD WAYNE VOTH
--------------------------------------      )
                                            )
                                            )
Lawyer                                      )
--------------------------------------      )
Occupation                                  )<PAGE>

                                  Exhibit 10.4

    Employment Agreement between Cool Management Inc. and William J. Hadcock
                               dated March 1, 1999

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EMPLOYMENT AGREEMENT
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THIS AGREEMENT (this "Agreement") is made as of the 1st day of March, 1999,

BETWEEN

                  COOL MANAGEMENT INC., a company incorporated under the laws of
                  British Columbia, having its registered office at 1000 - 840
                  Howe Street, Vancouver, British Columbia, V6Z 2M1

                                                                (the "Company");

AND

                  WILLIAM J. HADCOCK, who resides at Apt. 1301 - 238 Alvin Narod
                  Mews, Vancouver, British Columbia, V6B 5Z3

                                                               (the "Employee").

WHEREAS:

A.                The Company is party to a management contract (the "Management
Agreement") between the Company and of Cool Entertainment, Inc. ("Cool
Entertainment"), a Washington corporation which intends to carry on the business
of internet sales of audio and visual products; and

B.                The Company wishes to retain the services of the Employee on
the terms and conditions contained in this Agreement.

IN CONSIDERATION OF the premises and the mutual agreements herein contained, the
parties hereto (the "Parties") agree as follows:

1.                EMPLOYMENT

The Company shall employ the Employee for the Term (as defined below) upon and
subject to the terms and conditions set out in this Agreement and the Employee
accepts the employment on those terms and conditions.

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2.                TERM OF EMPLOYMENT

The term of employment (the "Term") shall commence on the day Chelsea Pacific
Financial Corp. ("Chelsea") meets the First Financing Milestone, as that term is
defined in Section 7.1(a) of the Escrow Agreement between Pacific Corporate
Trust Company, Cool Entertainment, Chelsea, Minas Novas Gold Corp. (the "U.S.
Company") and Clement Kar Man Lau, William James Hadcock, Leonard Wayne Voth and
Marc Gregory Belcourt (Lau, Hadcock, Voth and Belcourt are herein collectively
referred to as the "Vendors") of even date herewith (the "Escrow Agreement"),
and ending on that day (the "Expiry Date") which is the earlier of:

         (a)      one year from the day on which Chelsea meets the Fourth
                  Financing Milestone (as defined in Section 7.1(d) of the
                  Escrow Agreement); and

         (b)      the day the Vendors become entitled to terminate Chelsea's
                  right of first refusal provided in Section 7 of the Amendment
                  and Restatement between Chelsea, the Vendors, Cool
                  Entertainment and the U.S. Company of even date herewith (the
                  "Amendment and Restatement") pursuant to Section 7.4(h)(i) of
                  the Escrow Agreement.

3.                DUTIES OF EMPLOYEE

The Employee shall, on behalf of the Company, perform the following duties:

         (a)      management and supervision of Cool Entertainment's sales
                  program;

         (b)      establishment and development of distribution links for
                  markets outside of North America;

         (c)      establishment, maintenance and monitoring of distribution
                  links within North America;

         (d)      establishment and maintenance of Cool Entertainment's
                  relations with record companies and movie studios;

         (e)      management and supervision of efforts to sell advertising on
                  Cool Entertainment's website; and

         (f)      management and supervision of Cool Entertainment's efforts to
                  obtain marketing and co-operative advertising funds from
                  record companies and movie studios.

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                                     - 3 -

together with such other duties as the Company may reasonably prescribe from
time to time.

4.                STANDARDS AND DEVOTION

4.1               The Employee shall at all times during the Term, except during
periods of vacation or when disabled by sickness or incapacity, faithfully and
diligently perform the Employee's duties in a professional manner. The Employee
shall use the Employee's best endeavours to promote and advance the business of
Cool Entertainment, and shall devote the Employee's entire time and attention to
the business and affairs of Cool Entertainment.

4.2               The Employee acknowledges that intellectual property developed
by him in the course of provision of services to the Company hereunder will be
the property of Cool Entertainment (subject to Section 7.4(c) of the Escrow
Agreement), and the Employee will cooperate with Cool Entertainment with respect
to the making of any filings reasonably necessary to protect such intellectual
property, and will execute all documents reasonably necessary to transfer the
ownership of benefits thereof to Cool Entertainment.

4.3               The Employee will be entitled to participate in any stock
option plan established by the U.S. Company, which upon completion of the
transaction described in the Amendment and Restatement shall be the owner of all
of the issued and outstanding shares in the capital of Cool Entertainment, on a
basis at least as favourable as that of any other participant therein.

5.                REMUNERATION AND BENEFITS

As the Employee's entire remuneration for all services rendered to the Company
during the Term, the Employee shall be entitled to receive from the Company:

         (a)      a base salary (the "Salary") of US $50,000 per year, payable
                  in arrears within 3 business days of the end of each month;
                  and

         (b)      employee benefits in accordance with Schedule "A" hereto.

6.                VACATION

6.1               The Employee shall be entitled to an annual paid vacation of
three weeks, commencing after one year of service to the Company hereunder.

6.2               The Employee will use his reasonable best efforts to ensure
that his vacation time does not coincide with vacation time taken by the other
Vendors pursuant to their contracts of employment with the Company.

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                                     - 4 -

7.                FACILITIES

The Company shall provide and maintain the facilities, equipment and supplies it
deems necessary for the performance of the Employee's duties and
responsibilities pursuant to this Agreement.

8.                EXPENSES

The Employee shall incur no significant expenses in the course of performing his
duties hereunder without the prior approval of the Company. Upon itemization of
expenses for which such approval has been obtained and submission of receipts
therefor to the Company, the Company shall reimburse the Employee for such
expenses within 30 days.

9.                INDEMNITY

The Employee shall protect, indemnify and hold the Company harmless from and
against any and all liabilities, costs, damages, and expenses (including legal
fees and disbursements) resulting from or attributable to any and all acts and
omissions of the Employee, provided, however, that to the extent that any
liabilities, costs, damages and expenses are compensated for by insurance
purchased or paid for by the Company, the Employee shall not be required to
reimburse the Company or the insurer for those liabilities, costs, damages or
expenses. The Company shall request that the Employee be shown as an additional
insured on all insurance policies obtained by it or shall obtain from the
insurer a waiver of subrogation in favour of the Employee.

10.               ASSIGNMENT OF INCOME

If at any time during the Term, the Employee receives remuneration or any
payment for any professional services rendered by the Employee on behalf of the
Company, the Employee shall be deemed to have received such remuneration or
payment as agent for the Company, and shall forthwith assign and make a full
accounting to the Company of that remuneration or payment received.

11.               CONFIDENTIALITY

The Employee acknowledges that during the Term, the Employee will:

         (a)      have access to and will be entrusted with detailed
                  confidential information, know-how and trade secrets relating
                  to the business and affairs of the Company, Cool Entertainment
                  and the U.S. Company including, without limitation, finances,
                  products, services, dealings and transactions of Cool
                  Entertainment and the U.S. Company, and the names, addresses,
                  preferences or other particular business

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                                     - 5 -

                  requirements of Cool Entertainment's and the U.S. Company's
                  customers ("Confidential Information"), and that the
                  disclosure of Confidential Information to competitors of
                  the Company, Cool Entertainment or the U.S. Company or to
                  the public would be highly detrimental to the best
                  interests of the Company, Cool Entertainment and the U.S.
                  Company;

         (b)      in the course of performing services hereunder, the Employee
                  will be one of the principal representatives of Cool
                  Entertainment and the U.S. Company and as such will be
                  significantly responsible for maintaining or enhancing the
                  goodwill of Cool Entertainment and the U.S. Company; and

         (c)      the rights of the Company, Cool Entertainment and the U.S.
                  Company to maintain the confidentiality of Confidential
                  Information, and to preserve its goodwill, constitute
                  proprietary rights of the Company, Cool Entertainment and the
                  U.S. Company which the Company, Cool Entertainment and the
                  U.S. Company are entitled to protect;

and the Employee will not, during the Term and for one year after the expiry
thereof, disclose to any person, firm or corporation any Confidential
Information for any purpose other than the purposes of Cool Entertainment and
the U.S. Company and the Employee will not disclose or use for any purpose other
than for those of Cool Entertainment or the U.S. Company any Confidential
Information, provided that the foregoing covenant shall not extend to
Confidential Information which:

         (a)      disclosure of is specifically consented to in writing by the
                  Company. Cool Entertainment and the U.S. Company;

         (b)      the Employee is required by applicable law or by an order of a
                  court of competent jurisdiction to disclose;

         (c)      now or subsequently becomes available to the public through no
                  fault of the Employee;

         (d)      the Employee can demonstrate to have had rightfully in its
                  possession prior to disclosure to the Employee by the Company,
                  Cool Entertainment or the U.S. Company;

         (e)      is independently developed by the Employee without the use of
                  any Confidential Information; or

         (f)      the Employee rightfully obtains from a third party who has the
                  right to transfer or disclose it.

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                                     - 6 -

The Employee acknowledges that the foregoing covenant is necessary and
fundamental for the protection of the businesses of Cool Entertainment and the
U.S. Company and that a breach by the Employee of such covenant would result in
damage to Cool Entertainment and the U.S. Company which would not be adequately
compensated by an award of damages to Cool Entertainment or the U.S. Company and
that, in addition to all other remedies available to Cool Entertainment or the
U.S. Company, Cool Entertainment and the U.S. Company shall be entitled to the
immediate remedy of a restraining order, injunction or other form of relief as
may be decreed or issued by any court of competent jurisdiction to restrain or
enjoin the Employee from breaching such covenant.

12.               NON-COMPETITION

12.1              The Employee covenants and agrees that he will not, until that
day which is the earlier of: (i) one year from the expiry of the Term; and (ii)
the day the Vendors become entitled to terminate Chelsea's right of first
refusal provided in Section 7 of the Amendment and Restatement pursuant to
Section 7.4(h)(i) of the Escrow Agreement:

                  (a)   directly or indirectly, in any capacity whatsoever,
alone or in association with any other person, firm or corporation (other than
the Company or Cool Entertainment), as a principal, agent, shareholder,
director, guarantor, creditor, or in any other relationship whatsoever, save and
except as an employee only, engage or be concerned or interested in any business
substantially similar to the business of Cool Entertainment and which may
compete with the business of Cool Entertainment at any time during that period
in any territory in which Cool Entertainment carries on its business;

                  (b)   directly or indirectly, use or disclose to any person,
except duly authorized officers and employees of the Company and Cool
Entertainment, any Confidential Information acquired by him by reason of his
involvement and association with the Company; or

                  (c)   directly or indirectly, solicit any customer of Cool
Entertainment, as of the date of termination of employment, in any territory in
which Cool Entertainment carries on its business during that period.

Notwithstanding the foregoing, the Employee may invest in or have an interest in
entities traded on any public market or offered by any brokerage house, if an so
long as the interest does not exceed 5% of the voting control of such entity.

12.2              The parties recognize that irreparable damage would result
from any violation of the covenant in Section 12.1. It is therefore expressly
agreed that, in addition to any and all of the remedies available to the Company
and Cool Entertainment, they will each be entitled to the immediate remedy of
injunction or such other equitable relief as may be decreed or issued by any
court of competent jurisdiction to enforce Section 12.1 hereof.

12.3              The Employee acknowledges that the covenant in Section 12.1
hereof is given for good and valuable consideration (receipt of which is hereby
acknowledged), and that by reason

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                                     - 7 -

of his unique knowledge of and his association with the business of Cool
Entertainment, the scope of such covenant as to time and area is reasonable
and commensurate with the protection of the legitimate interests of Cool
Management and Cool Entertainment. The covenant in Section 12.1 shall survive
termination of the Employees employment hereunder for a period of one year,
and such covenant is severable for that purpose. If any part of such covenant
is held to be unenforceable by a court of competent jurisdiction, such part
may be severed and replaced by the widest term that would not be held to be
void or unenforceable. The Employee waives all defences to the strict
enforcement of such covenant.

13.               ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties with respect
to the matters referred to herein and there are no representations or
warranties, express or implied, statutory or otherwise and no agreements
collateral hereto other than as expressly set forth or referred to herein.

14.               FURTHER ASSURANCES

The Parties shall execute all other documents and do all further things as may
be necessary to carry out and give effect to the intent of this Agreement.

15.               SEVERABILITY

Should any part of this Agreement be declared or held invalid for any reason,
that invalidity shall not affect the validity of the remainder which shall
continue in full force and effect and be construed as if this Agreement had been
executed without the invalid portion.

16.               AMENDMENTS

This Agreement may be amended by an agreement in writing signed by the Parties.

17.               TERMINATION

17.1              The Company may terminate the Employee's employment hereunder
as follows:

         (a)      at any time, by notice in writing to the Employee, for just
                  cause which, without limitation, shall include:

                  (i)    if there is a repeated and demonstrated failure on the
                         part of the Employee to perform his material duties
                         provided hereunder in a competent manner and if the
                         Employee fails to substantially remedy such failure
                         within a reasonable period of time after receipt of
                         written notice thereof;

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                                     - 8 -

                  (ii)   if the Employee is convicted of a criminal offence
                         involving fraud or dishonesty;

                  (iii)  if the Employee or any member of his family makes any
                         personal profit arising out of or in connection with a
                         transaction to which the Company or Cool Entertainment
                         is a party or with which it is associated without
                         making disclosure to and obtaining the prior written
                         consent of the Company or Cool Entertainment, as the
                         case may be;

                  (iv)   if the Employee fails to honour his fiduciary duties to
                         the Company, including the duty to act in the best
                         interests of the Company; or

                  (v)    if the Employee disobeys reasonable instructions given
                         in the course of employment by the directors of the
                         Company that are not inconsistent with the Employee's
                         duties hereunder and are not remedied by the Employee
                         within a reasonable period of time after receiving
                         written notice thereof,

         (b)      at any time, upon notice in writing thereof to the Employee,
                  if the Company, Cool Entertainment or the Employee has a
                  receiving order made against it or him, goes into bankruptcy
                  either voluntarily or involuntarily or makes a proposal to
                  creditors;

         (c)      at any time, upon notice in writing from the Company to the
                  Employee, if the Company or Cool Entertainment sells all or
                  substantially all of its assets or proceedings are commenced
                  to wind-up the Company or Cool Entertainment;

         (d)      if the Employee, either by reason of illness or mental or
                  physical disability or if the Employee fails, for one hundred
                  and twenty (120) consecutive days or for a total of one
                  hundred and eighty (180) days in any period of twelve (12)
                  consecutive months during the Term, to perform his duties
                  hereunder, then by one (1) month's notice in writing from the
                  Company to the Employee.

17.2              If the Company terminates the engagement of the Employee as
provided under subparagraphs 17.1(a) or 17.1(b), the Employee shall be entitled
only to the accrued salary owing to him up to the effective date of termination,
less any amounts owed by the Employee to the Company.

17.3              If the Company terminates the engagement of the Employee as
provided under Section 17.1(c), the Company shall pay to the Employee as
liquidated damages and compensation in full in respect of loss of such
engagement an amount equal to the salary which the Employee would have received
hereunder during the three (3)-month period commencing on the effective date of
termination, and such amount shall be payable immediately on termination of the
engagement.

<PAGE>
                                     - 9 -

17.4              The Employee may in his sole discretion terminate his
employment hereunder if any one of the following occurs during the Term:

         (a)      a change of control of Cool Entertainment; or

         (b)      the Company materially alters the duties and responsibilities
                  of the Employee without his prior written consent,

by giving the Company 30 days notice in writing of his resignation.

17.5              For the purposes of this Agreement, "change of control" means
the occurrence of:

         (a)      the sale or a series of sales occurring within any twelve
                  (12)-month period, other than a sale to an affiliate (as that
                  term is defined in the British Columbia COMPANY ACT) of Cool
                  Entertainment, of assets of Cool Entertainment having a value
                  greater than 50% of the fair market value of the assets of
                  Cool Entertainment determined on a consolidated basis prior to
                  such sale or prior to the first of a series of sales occurring
                  within any twelve (12)-month period;

         (b)      the disposition of all of substantially all of the assets of
                  Cool Entertainment where such sale or disposition is required
                  by applicable law to be approved as a special resolution of
                  the shareholders of Cool Entertainment ; or

         (c)      any event or series of events pursuant to which on any date
                  the Vendors no longer comprise a majority of the directors of
                  Cool Entertainment.

18.               NOTICES

All notices required or permitted to be given under this Agreement shall be in
writing and personally delivered to the intended recipient.

19.               TIME

Time shall be of the essence of this Agreement.

20.               GOVERNING  LAW

This Agreement shall be governed by and interpreted in accordance with the laws
of British Columbia.

<PAGE>
                                     - 10 -

21.               HEADINGS

The headings appearing in this Agreement are inserted for convenience of
reference only and shall not affect the interpretation of this Agreement.

22.               ASSIGNMENT

No Party may assign or transfer either the rights or the obligations created by
this Agreement without the prior written consent of the other Party hereto.

23.               ENUREMENT

This Agreement shall enure to the benefit of and be binding upon the Parties and
their respective heirs, personal representatives, successors and permitted
assigns.

IN WITNESS WHEREOF this Agreement has been duly executed by the Parties as of
the day and year first above written.

COOL MANAGEMENT INC.

per:   /s/ Clement K.M. Lau
       ---------------------------------------
       Clement K.M. Lau:
       Authorized Signatory

Signed, sealed and delivered                 )
by WILLIAM J. HADCOCK                        )
in the presence of:                          )
                                             )
/s/ Campbell Fitch                           )
--------------------------------------       )
S. Campbell Fitch                            )
                                             )
1000, 840 HOWE STREET, VANCOUVER, B.C.       )
--------------------------------------       )    /s/ William J. Hadcock
Address                                      )    ------------------------------
                                             )    WILLIAM J. HADCOCK
--------------------------------------       )
                                             )
                                             )
Lawyer                                       )
--------------------------------------       )
Occupation                                   )

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