Document:

f8k0311ex10xiv_ciglarette.htm

 

Exhibit 10.14

 

 

SECURITIES ESCROW AGREEMENT

This SECURITIES ESCROW AGREEMENT (the “Agreement”), dated as of March 1, 2011, is entered into by and among Ciglarette, Inc., a Nevada corporation (the “Company”), Prolific Lion Limited (the “Stockholder”) and Anslow & Jaclin, LLP (hereinafter referred to as the “Escrow Agent”).

RECITALS

WHEREAS, the Company is offering (the “Offering”) a minimum of $1,000,000 and up to a maximum of $10,000,000 of investment units (collectively, the “Units”), each consisting of (i) four (4) shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), (ii) a three-year warrant to purchase one (1) share of the Company’s common stock, at an exercise price of $6.25 per share, and (iii) a three-year warrant to purchase one (1) share of the Company’s common stock, at an exercise price of $7.50 per share, as described in the Company’s Confidential Private Placement Memorandum dated December 1, 2010, as amended by that certain supplement dated February 25, 2011 (together, the “Memorandum”)

 

WHEREAS, as of the date hereof, the Company has accepted subscriptions from investors in the Offering for 69,000 Units consisting of an aggregate of 276,000 Shares (the “Subscribed Shares”);

 

WHEREAS, if the Company accepts subscriptions from investors in the Offering for the Maximum Amount, the Company will be obligated to issue an additional 1,724,000 Shares;

 

WHEREAS, pursuant to that certain Share Exchange Agreement (the “Share Exchange Agreement”) dated as of March 1, 2011 by and among the Company, the former principal stockholder of the Company, Kirin China Holding, Ltd. (“Kirin China”), the and the former shareholders of Kirin China (the “Kirin China Shareholders”), the Kirin China Shareholders received an aggregate of 17,947,297 shares of the Company’s Common Stock (the “Share Exchange Shares”);

 

WHEREAS, after giving effect to the issuance of the Subscribed Shares and the Share Exchange Shares and certain other issuances and cancellations of shares of Common Stock in connection with the Offering and the Share Exchange Agreement, the Company has 20,000,000 shares of Common Stock outstanding as of the date hereof;

 

WHEREAS, the Company desires that upon closing of the Offering, the number of shares of the Company’s Common Stock outstanding shall be 20,000,000 (the “Targeted Shares Outstanding”); and

 

WHEREAS, in order to maintain the Targeted Shares Outstanding upon closing of the Offering, the Company and the Stockholder have agreed to establish an escrow account (the “Escrow Account”) on the terms and conditions set forth in this Agreement and the Escrow Agent has agreed to act as escrow agent pursuant to the terms and conditions of this Agreement.

 

 

  

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NOW, THEREFORE, in consideration of the mutual promises of the parties and the terms and conditions hereof, the parties hereto hereby agree as follows:

 

1. Definitions.  All capitalized terms used but not defined herein shall have the meanings assigned them in the Memorandum.

 

2. Appointment of Escrow Agent.  The Company and the Stockholder hereby appoint Anslow & Jaclin, LLP as Escrow Agent to act in accordance with the terms and conditions set forth in this Agreement, and Anslow & Jaclin, LLP hereby accepts such appointment and agrees to establish the Escrow Account on the terms and subject to the conditions hereinafter set forth.

 

3. Establishment of Escrow.  Upon the execution of this Agreement, the Stockholder shall deliver to the Escrow Agent a stock certificate(s) (the “Certificate”) evidencing 1,724,000 shares in the aggregate of the Company’s Common Stock together with stock powers executed in blank, which such shares shall be transferred into the name of the Escrow Agent (collectively, the “Escrow Shares”).  Notwithstanding the foregoing transfer, the Stockholder shall have the right to vote the Escrow Shares until such time as they are cancelled pursuant to the terms of this Agreement.

 

4. Disposition of Escrow Shares.

 

4.1 Promptly following the earliest to occur of (i) the date upon which the Company has accepted subscriptions for all of the Units; (ii) May 31, 2011; or (iii) the date upon which the Company and the Placement Agent elect to terminate the Offering (the “End Date”), the Company shall deliver written notice to the Escrow Agent (the “Notice”), with a copy to the Stockholder, stating the number of Escrow Shares to be cancelled on the books and records of the Company.  The number of Escrow Shares to be cancelled on the books and records of the Company for purposes of the foregoing sentence shall be equal to the aggregate number of Shares subscribed for in the Offering as of the End Date less the Subscribed Shares (the “Cancellable Shares”).

 

4.2 On or before the fifth (5th) business day following the date of receipt of a Notice, the Escrow Agent shall deliver the Certificate to the Company’s transfer agent (the “Transfer Agent”) together with written instructions (y) directing the Transfer Agent to cancel on the books and records of the Company that number of Escrow Shares equal to the Cancellable Shares and (z) if the number of Escrow Shares is greater than the number of Cancellable Shares, directing the Transfer Agent to issue and deliver to the Stockholder (or its designees) a new stock certificate registered in the Stockholder’s (or its designees’) name representing that number of Escrow Shares equal to the Escrow Shares less the Cancellable Shares.

 

5. Duration. This Agreement shall terminate on the disposition of all the Escrow Shares in accordance with Section 4 above.

 

6. Interpleader.  Should any controversy arise among the Company and the Stockholder with respect to this Agreement or with respect to the delivery of the Escrow Shares hereunder, the Escrow Agent shall have the right to consult counsel and/or to institute an appropriate interpleader action to determine the rights of the parties hereto.  The Escrow Agent is also hereby authorized to institute an appropriate interpleader action upon receipt of a written letter of direction executed by the parties hereto so directing Escrow Agent.  If the Escrow Agent is directed to institute an appropriate interpleader action, it shall institute such action not prior to thirty (30) days after receipt of such letter of direction from the parties hereto and not later than sixty (60) days after such date.  Any interpleader action instituted in accordance with this Section 6 shall be filed in any court of competent jurisdiction in New York, New York, and the Escrow Shares in dispute shall be deposited with the court and in such event Escrow Agent shall be relieved of and discharged from any and all obligations and liabilities under and pursuant to this Agreement with respect to the Escrow Shares.

 

 

  

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7. Exculpation and Indemnification of Escrow Agent.

 

7.1 The Escrow Agent is not a party to, and is not bound by or charged with notice of any agreement out of which this escrow may arise. The Escrow Agent acts under this Agreement as a depositary only and is not responsible or liable in any manner whatsoever for the sufficiency, correctness, genuineness or validity of the subject matter of the escrow, or any part thereof, or for the form or execution of any notice given by any other party hereunder, or for the identity or authority of any person executing any such notice. The Escrow Agent will have no duties or responsibilities other than those expressly set forth herein.  The Escrow Agent will be under no liability to anyone by reason of any failure on the part of any party hereto (other than the Escrow Agent) or any maker, endorser or other signatory of any document to perform such person’s or entity’s obligations hereunder or under any such document other than as provided in this Agreement.  Except for this Agreement and instructions to the Escrow Agent pursuant to the terms of this Agreement, the Escrow Agent will not be obligated to recognize any agreement between or among any or all of the persons or entities referred to herein, notwithstanding its knowledge thereof.

 

7.2 The Escrow Agent will not be liable for any action taken or omitted by it, or any action suffered by it to be taken or omitted, in good faith and in the exercise of its own best judgment, and may rely conclusively on, and will be protected in acting upon, any order, notice, demand, certificate, or opinion or advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is reasonably believed by Escrow Agent to be genuine and to be signed or presented by the proper person or persons. The duties and responsibilities of the Escrow Agent hereunder shall be determined solely by the express provisions of this Agreement and no other or further duties or responsibilities shall be implied, including, but not limited to, any obligation under or imposed by any laws of the State of New York upon fiduciaries.

 

7.3 The Escrow Agent will be indemnified and held harmless, jointly and severally, by the Company and the Stockholder from and against any expenses, including reasonable attorneys’ fees and disbursements, damages or losses suffered by the Escrow Agent in connection with any claim or demand, which, in any way, directly or indirectly, arises out of or relates to this Agreement or the services of Escrow Agent hereunder; except, that if the Escrow Agent is guilty of willful misconduct, fraud or gross negligence under this Agreement, then the Escrow Agent will bear all losses, damages and expenses arising as a result of such willful misconduct, fraud or gross negligence. Promptly after the receipt by the Escrow Agent of notice of any such demand or claim or the commencement of any action, suit or proceeding relating to such demand or claim, the Escrow Agent will notify the other parties hereto in writing.  For the purposes hereof, the terms “expense” and “loss” will include all amounts paid or payable to satisfy any such claim or demand, or in settlement of any such claim, demand, action, suit or proceeding settled with the express written consent of the parties hereto, and all costs and expenses, including, but not limited to, reasonable attorneys’ fees and disbursements, paid or incurred in investigating or defending against any such claim, demand, action, suit or proceeding.  The provisions of this Section 7 shall survive the termination of this Agreement.

 

 

  

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8. Fees and Expenses. The Company will pay the Escrow Agent $1,000 for all services rendered by the Escrow Agent hereunder.

 

9. Resignation of Escrow Agent.  At any time, upon ten (10) days’ written notice to the Company, the Escrow Agent may resign and be discharged from its duties as escrow agent hereunder.  As soon as practicable after its resignation, the Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof.  If, by the end of the 10-day period following the giving of notice of resignation by the Escrow Agent, the Company shall have failed to appoint a successor escrow agent, the Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction.

 

10. Records.  The Escrow Agent shall maintain accurate records of all transactions hereunder.  Promptly after the termination of this Agreement or as may reasonably be requested by the parties hereto from time to time before such termination, the Escrow Agent shall provide the parties hereto, as the case may be, with a complete copy of such records, certified by the Escrow Agent to be a complete and accurate account of all such transactions.  The authorized representatives of each of the parties hereto shall have access to such books and records at all reasonable times during normal business hours upon reasonable notice to the Escrow Agent.

 

11. Notice.  All notices, communications and instructions required or desired to be given under this Agreement must be in writing and shall be deemed to be duly given if sent by registered or certified mail, return receipt requested, or overnight courier to the following addresses:

 

If to Escrow Agent:

Anslow + Jaclin, LLP

195 Route 9 South, Suite 204

Manalapan, NJ 07726

Attention: Gregg E. Jaclin, Esq.

 

 

  

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If to the Company or the Stockholder:

Ciglarette, Inc.

Room 1506, South Building of China Overseas Plaza

No. 8 Guanghua Dongli Road

Chaoyang District, Beijing, 100020

People’s Republic of China

Attention: Longlin Hu, President

or to such other address and to the attention of such other person as any of the above may have furnished to the other parties in writing and delivered in accordance with the provisions set forth above.

 

12. Execution in Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Facsimile execution and delivery of this Agreement is legal, valid and binding for all purposes.

 

13. Assignment and Modification.  This Agreement and the rights and obligations hereunder of any of the parties hereto may not be assigned without the prior written consent of the other parties hereto. Subject to the foregoing, this Agreement will be binding upon and inure to the benefit of each of the parties hereto and their respective successors and permitted assigns. No other person will acquire or have any rights under, or by virtue of, this Agreement.  No portion of the Escrow Shares shall be subject to interference or control by any creditor of any party hereto, or be subject to being taken or reached by any legal or equitable process in satisfaction of any debt or other liability of any such party hereto prior to the disbursement thereof to such party hereto in accordance with the provisions of this Agreement. This Agreement may be changed or modified only in writing signed by all of the parties hereto.

 

14. Applicable Law. This Agreement shall be governed by and construed with the laws of the State of New York applicable to contracts made and to be performed therein.  Any litigation concerning the subject matter of this Agreement shall be exclusively prosecuted in the state or federal courts located in New York, New York, and all parties consent to the excusive jurisdiction and venue of those courts.

 

15. Headings. The headings contained in this Agreement are for convenience of reference only and shall not affect the construction of this Agreement.

 

16. Attorneys’ Fees. If any action at law or in equity, including an action for declaratory relief, is brought to enforce or interpret the provisions of this Agreement, the prevailing party shall be entitled to recover reasonable attorneys’ fees from the other party (unless such other party is the Escrow Agent), which fees may be set by the court in the trial of such action or may be enforced in a separate action brought for that purpose, and which fees shall be in addition to any other relief that may be awarded.

 

[Signature Page Follows]

 

 

  

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IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the day and year first above written.

 

 

	 	ANSLOW & JACLIN, LLP	 
	 	 	 	 
	
 

	
By: 

	/s/ Gregg E. Jaclin   	 
	 	 	Name: Gregg E. Jaclin, Esq.	 
	 	 	Title: Partner	 
	 	 	 	 

	 	CIGLARETTE, INC.	 
	 	 	 	 
	
 

	
By: 

	/s/ Longlin Hu	 
	 	 	Name: Longlin Hu	 
	 	 	Title: President and Chief Executive Officer	 
	 	 	 	 

 

	 	PROLIFIC LION LIMITED	 
	 	 	 	 
	
 

	
By: 

	/s/ Jianfeng Guo	 
	 	 	Name: Jianfeng Guo	 
	 	 	Title: Director	 
	 	 	 	 

 

 

6ex10_4.htm

Exhibit 10.4

 

CONSULTING AGREEMENT

 

Consulting Agreement (the “Agreement”) dated as of December 1, 2010 (“Effective Date”), by and between Moggle, Inc., a Delaware corporation (“Moggle”) and Catherine Williams  (“Consultant”).

 

NOW THEREFORE, in consideration of the mutual agreements contained herein and intending to be legally bound hereby, the parties hereto agree as follows:

 

SECTION 1 -- DEFINITIONS

 

1.1           “Confidential Information” shall mean all information which Moggle may disclose to Consultant, including without limitation, proprietary information concerning Moggle its products, financial plans, strategies, customer data, documentation, services or processes, the Work Product, any intellectual property of Moggle, and any confidential information of a third party held by Moggle, whether transmitted or conveyed digitally, orally, in writing, in the form of drawings, or perceived or observed by Consultant while performing the Services, and shall include all such information provided by Moggle, prior to the date of this Agreement or which are provided during the term of this Agreement.  In addition to the foregoing, as used herein, Confidential Information shall include all software used by Moggle and all documentation or information relating thereto. Confidential Information does not include information or data which is:  (a) known to Consultant prior to its receipt from Moggle without a limitation or obligation of confidentiality under another agreement, (b) independently developed by Consultant without use of any Confidential Information, unless such information or data is developed in accordance with the terms of this Agreement; (c) in the public domain at the time of disclosure other than as a result of disclosure by Consultant; or (d) received from a third party with a legal or contractual right to disclose such information or data.

 

1.2           “Services” shall mean the activities and services in which Consultant has engaged on Moggle’s behalf  or provided to Moggle under this Agreement.

 

1.3           “Work Product” shall mean all works of authorship created, conceived or developed by Consultant or its employees, agents, or subcontractors in the performance of the Services, including without limitation, software, source code, text, graphics, designs, drawings, information, data, functional and technical designs and specifications, interfaces, flowcharts, site maps, navigation maps, documentation, operating instructions, design concepts, together with all documents, data and other information of any kind, including that incorporating, based upon, or derived from the foregoing, and together with all modifications, revisions, changes, copies, partial copies, translations, compilations, modifications and derivative works thereof.  At any time during the course of this Agreement, Moggle may request delivery of, and Consultant shall deliver, any Work Product in progress.

 

  

  

  

 

SECTION 2 – SERVICES

 

2.1           Services to be Provided.  Beginning on December 1, 2010, Consultant will provide general sales, promotion and marketing services for Moggle products/services and such other services and advice as may be requested by Moggle from time to time.  Consultant shall provide a minimum of forty-six (46) weeks of Services during each twelve- month period (forty (40) hours per week).  Moggle understands that Services may not be provided on United States federal holidays.  Consultant shall be present and available to provide the Services at Moggle’s Chestnut Hill office or at such other places and times as reasonably requested by Moggle.  Consultant shall not during the term of this Agreement provide any services to any competitors of Moggle that may aid such competitors in competing with Moggle.

 

SECTION 3-- TERM AND TERMINATION

 

3.1           Term.  The term of this Agreement shall begin on December 1, 2010  (the “Effective Date”)and shall continue in effect for a period of one (1) year and shall automatically renew of the anniversary of the Effective Date for successive one year terms unless terminated in accordance with Section 3.2.

 

3.2           Termination.  Consultant may terminate this Agreement without clause for any reason upon thirty (30) days prior written notice.  On or after April 1, 2011, Moggle may terminate this Agreement without cause for any reason upon thirty (30) days prior written notice.  Moggle may terminate this Agreement for cause at any time upon written notice to Consultant.  For clarification purposes, “for cause” is defined as a material breach of Consultant’s covenants and obligations under this Agreement or a violation of law.   In the event of any termination, Moggle will be liable for payment for Services satisfactorily completed in accordance with this Agreement prior to  the date of termination.   Upon termination, Consultant will promptly deliver to ogle any remaining completed or incomplete deliverables or Work Product, together with all documents, data, materials, equipment and Confidential Information belonging to Moggle.

 

3.3           Survival of Terms.  Sections 3.2, 3.3, 5, 6, 7, 8, 9, and 10 shall survive the termination of this Agreement.

 

SECTION 4 -- PAYMENT

 

4.1            Professional Fees.  Moggle shall pay Consultant a fee of Twelve Thousand Dollars ($12,000) per month for Services rendered by Consultant under this Agreement (or if less than a month, on a prorated basis), payable in arrears.  Consultant will submit an invoice to Moggle on a monthly basis that includes a statement of the professional fees and reimbursable expenses due. Moggle will pay the properly submitted invoice within thirty (30) days after receipt.

 

4.2           Bonus Compensation.

 

Consultant shall be entitled to performance related bonus compensation as set forth below.

 

(a) Merchant Bonus.  Consultant shall receive Five Thousand Dollar ($5,000) bonus payment for each merchant, retailer or service provider (“Merchant”) that agrees to utilize Moggle’s Virtual Piggy product on it’s website as the direct result of the Services of Consultant, upon satisfaction of the following conditions: (i) execution and delivery of a definitive agreement between Moggle and the Merchant, (ii) Moggle receives at least Five Thousand Dollars ($5,000) in revenue from said Merchant, and (iii) Consultant remains providing Services to Moggle under this Agreement. The decision to engage or to engage in or complete a Merchant Agreement shall be made by Moggle in its sole discretion.  Consultant does not have the right to compel Moogle to engage in or complete a particular Merchant Agreement, nor should anything in this Agreement or otherwise be construed to impose an obligation on Moggle’s part to engage in or complete a Merchant Agreement.

 

  

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(b) Customer Account Bonus.  Consultant shall receive a Ten Thousand Dollar ($10,000) bonus payment upon Moggle obtaining One Hundred Thousand (100,000) Active User Accounts and a Twenty-Five Thousand Dollar ($25,000) bonus payment upon Moggle obtaining One Million (1,000,000) Active User Accounts, provided Consultant remains providing Services to Moggle under this Agreement at the time each account milestone is achieved.  An “Active User Account” is defined as a Virtual Piggy account established by a parent or guardian that has been used for at least one monetary transaction that has generated revenue for Moggle.

 

(c) Stock Options.   Consultant shall be entitled to stock options in Moggle, Inc. if, as and when determined by Moggle, in its sole discretion.

 

4.3           Reimbursable Expenses. Moggle will reimburse Consultant for reasonable out of pocket expenses including cost of travel, coach class airfare, hotels and meals while traveling on Moggle business subject to the following limitations:  (a) all invoices must be accompanied by receipt for each expense in excess of $25.00; (b) all travel reimbursement invoices must be submitted within forty-five days after Consultant incurs such expenses; and (c) appropriate business related entertainment expenses shall be reimbursed to the extent mutually agreed upon by the parties.

 

SECTION 5 --

RELATIONSHIP BETWEEN THE PARTIES

 

Consultant is an independent contractor and shall maintain complete control of and responsibility for its employees, agents, methods and operations.  Consultant at no time shall hold itself out as an agent, subsidiary or affiliate of Moggle for any purpose, including, without limitation, reporting to any government authority.  Consultant has no authority to obligate or bind Moggle in any way.  Any fees or other amounts paid by Moggle to Consultant hereunder shall not be considered salary for pension or wage tax purposes and neither Consultant nor its employees, agents or contractors will be entitled to any fringe benefits, including, without limitation, sick or vacation pay, or other supplemental benefit of Moggle, and Consultant shall indemnify Moggle from any claims to the contrary. Moggle shall not be responsible for deducting from fees paid under this Agreement any taxes, unemployment, social security or other expense.

 

SECTION 6 -- CONFIDENTIALITY

 

6.1           Nondisclosure.  Consultant shall maintain all Confidential Information as strictly secret and proprietary information of Moggle.  Consultant shall take all steps necessary to protect the confidentiality of the Confidential Information and shall not disclose the Confidential Information to any third party.  Without limiting the foregoing, Consultant further agrees:

 

(a)           not to make any use whatsoever of the Confidential Information and accordingly, not to use any Confidential Information in connection with any work performed by the Consultant, or any third party, unless required by the terms of this Agreement;

 

(b)           not to reveal to any third party any Confidential Information whether supplied to Consultant by Moggle or originated wholly or partially by Consultant during the term of this Agreement; and

 

(c)           that all Confidential Information, including all copies provided or made thereof, submitted to Consultant by Moggle in tangible form, including without limitation, diskettes, drawings, sketches and reports, shall be returned to Moggle upon completion of the Services.  Upon completion of the Services, a copy of all Confidential Information stored electronically shall be returned to Moggle and all residual records and copies shall be destroyed.

 

6.2           Cooperation.  In the event Consultant is required (by oral questions, interrogatories, requests for information or documents in legal proceedings, subpoena, civil investigative demand or other similar legal process) to disclose any Confidential Information, Consultant shall provide Moggle with prompt written notice of any such request or requirement so that Moggle may seek a protective order or other appropriate remedy and/or waive compliance with the provisions of this Agreement.  If, in the absence of a protective order or other remedy or the receipt of a waiver by Moggle, Consultant is nonetheless legally compelled to disclose Confidential Information to any tribunal, regulatory authority, agency or similar entity, Consultant may disclose, without liability hereunder, only that portion of the Confidential Information which is legally required to be disclosed, provided that Consultant exercises its best efforts to preserve the confidentiality of the Confidential Information.

 

  

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6.3           Irreparable Injury.  Consultant acknowledges that Moggle will be irreparably harmed by any breach of the provisions of this Section 6 and/or Section 2.1, and agrees that Moggle may seek, in any court of appropriate jurisdiction, an injunction or any other equitable relief necessary to prevent or cure any such actual or threatened breach.  The preceding sentence shall in no way limit any other legal or equitable remedy, including without limitation monetary damages, Moggle would otherwise have for such breach.

 

SECTION 7-- OWNERSHIP

 

7.1           Work For Hire.  All Work Product shall be considered a “work made for hire” and the Work Product and all copyrights, patents, trade secrets, industrial design rights, trademarks, trade dress, and other worldwide proprietary rights therein, together with all renewals and extensions thereof are owned solely by Moggle.  Consultant hereby irrevocably assigns and transfers to Moggle all of its right, title and interest in and to the Work Product.

 

7.2           Execution.  Consultant agrees that it will execute all documents and provide Moggle assistance as may be reasonably necessary to record, perfect and enforce Moggle’s rights in the Work Product, and will cause its employees, agents, and subcontractors to do the same.

 

SECTION 8 -- WARRANTIES

 

8.1           Authority.  Consultant warrants that she has the full right, power and authority to enter into this Agreement and to grant and assign the rights provided for herein.

 

8.2           Noninfringement. Consultant warrants that neither the performance of the Services nor the Work Product will violate or infringe upon the rights of any third party, including without limitation, any patent, copyright, trade secret, trademark, contractual, employment, proprietary or confidential information or nondisclosure, or other proprietary rights.

 

8.3           Compliance.  Consultant warrants and agrees that she shall comply with all applicable federal, state and local laws, ordinances, codes and regulations in performing the Services, including all federal and state laws regarding privacy or security of customer information.

 

SECTION 9 -- INDEMNIFICATION

 

9.1           General.  Consultant shall indemnify, defend and hold harmless Moggle, and its directors, officers, employees, shareholders and agents (collectively, the “Indemnified Parties”) from and against all claims, suits, losses, liabilities, damages and expenses (including without limitation,  reasonable legal fees) without limitation based upon, relating to or arising out of: (a) a breach of any warranties made by Consultant herein; (b) a breach by Consultant of any of its obligations hereunder; and (c) the conduct of Consultant and any breach or violation of law.

 

9.2           Intellectual Property.  Consultant will indemnify, defend and hold harmless the Indemnified Parties from and against all claims, suits, losses, liabilities, damages and expenses (including without limitation, reasonable legal fees) without limitation based upon, relating to or arising out of a claim that the Services or Work Product infringe any U.S. or foreign patent, copyright, trade secret or other intellectual property right.

 

  

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SECTION 10 -- GENERAL

 

10.1           No Waiver.  No waiver, amendment or modification of this Agreement, shall be effective unless it is in writing and signed by the parties hereto.

 

10.2           Assignment.  This Agreement may not be assigned in whole or in part by Consultant.  Moggle may assign this Agreement in whole or in part to a parent, subsidiary or affiliate of Moggle or to the successor company in the event of a merger of sale of all or substantially all of the stock or assets of Moggle.  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

 

10.3           Notice.  All notices under this Agreement shall be in writing and shall be delivered in person, via email, certified first-class mail return receipt requested, or by nationally recognized overnight courier with signed receipt addressed to the party at its address(es) set forth below (or such other address as either party may designate in writing). Notice shall be effective upon receipt.

 

	
If to Moggle:

JoWebber, Chairman

Moggle Corp.

15 W. Highland Ave.

Philadelphia, PA 19118

jo@playmoggle.com

 

	
If to Consultant:

107 E. Locust Street

Kennett Square, PA 19348

Cathy_williams@att.net

 

10.4           Governing Law, Venue.  The validity, interpretation and performance of this Agreement shall be governed by the laws of the Commonwealth of Pennsylvania without giving effect to the conflicts of laws provisions thereof.  Exclusive venue for the resolution of any dispute between these parties shall be in the state and federal courts for Montgomery County, Pennsylvania.

 

10.5           Headings, Severability.   The headings preceding the text of the sections and subsections of this Agreement are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. If any provision of this Agreement, or the application thereof under certain circumstances, is held to be invalid or unenforceable, the remaining provisions of this Agreement, or the application of such provision under other circumstances, shall remain in full force and effect to be read and construed as if the invalid or unenforceable provisions were deleted.

 

10.6           Entire Agreement.  This Agreement constitutes the entire Agreement between the parties hereto and supersedes all prior and contemporaneous oral and written negotiations, commitments, agreements and understandings.  All changes shall be in writing and signed by an authorized representative.

 

10.7           Counterparts/Facsimile.  This Agreement may be executed in counterparts and facsimile and Adobe or other pdf signatures shall be effective as if original.

 

  

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives as of the day and year first written above.

 

 

 

	CONSULTANT	 	 	MOGGLE, INC.	 
	 	 	 	 	 
	 	 	 	 	 
	
/s/ Catherine Williams

	 	 	 
 
By:

	
/s/ Jo Webber

	 
	
Catherine Williams

	 	 	
Name : Jo Webber

	 
	
 

	 	 	
Title: Chairman

	 

 

 

 

 

 

 

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