UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 17, 2015

 

 

MEEMEE MEDIA INC.

 

(Exact name of registrant as specified in its charter)

 

     
Nevada 000-52961 20-3356659

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

 

6630 West Sunset Boulevard

Los Angeles, CA 90027

 

(Address of Principal Executive Offices)

 

(310) 460-9215

 

(Issuer's Telephone Number)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

TABLE OF CONTENTS

 

 

ITEM 1.01 Entry Into a Material Definitive Agreement  
     
ITEM 3.02 Unregistered Sales of Equity Securities  
     
ITEM 9.01 Financial Statements and Exhibits  
     
SIGNATURES    
     
EXHIBITS    

  

 

 
 

 

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

This document and the exhibits may contain forward-looking statements regarding future events and future revenue of the Company. These forward-looking statements are subject to certain uncertainties and other factors that could cause actual results to differ materially from such statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Except to the extent required by applicable securities laws, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Important factors may cause actual results to differ from those projected in the forward looking statements.

 

 

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

 

On July 17, 2015, MeeMee Media Inc. (the “Company” or “MeeMee”) entered into an Exclusive License Agreement (the “Agreement”) with ECA World Fitness Alliance , (“ECA”) and Carol Scott (an individual and sole owner of ECA) granting the Company an exclusive and perpetual right and license to the Marks and Intellectual Property of ECA (as described in Exhibit A “Intellectual Property Rights” attached hereto as part of Exhibit 10.13) for the Company to market, sell and otherwise commercialize products and services offered or sold under the ECA brand throughout the world. ECA is an international organization and association representing the wellness and fitness community which is owned 100% by Carol Scott. ECA produces online ECA e-news, offers workshops, seminars, on line events, continuing education and webinars, resource materials, networking opportunities and other individual member benefits, including annual conventions, in the fitness industry.

 

In connection with the Agreement, (i) MeeMee agreed to issue to Carol Scott an initial royalty payment in the form of One Million (1,000,000) shares of restricted common stock of the Company; (ii) MeeMee shall issue to Carol Scott additional royalties in the amounts of up to 300,000 shares of restricted common stock of the Company per year for the first two years from the effective date in the event certain revenue milestones are achieved (as described in the Agreement attached hereto as Exhibit 10.13); (iii) MeeMee shall be responsible for payment in the outstanding amount of $89,913.45 owed by ECA to the Marriott Marquis Hotel in New York, New York; (iv) MeeMee entered into a consulting agreement with Carol Scott (attached hereto as Exhibit 10.14); and (v) pursuant to the terms of the Agreement, MeeMee has the right to purchase any and all assets, intellectual property, inventory, products and business of ECA worldwide at a purchase price of $1.00 pursuant to a mutually agreeable form of purchase agreement.

 

The foregoing is only a brief description of the material terms of the Exclusive License Agreement, Intellectual Property Rights and Consulting Agreement and does not purport to be a complete description of the rights and obligations of the parties under those agreements, and such descriptions are qualified in their entirety by reference to agreements which are filed as exhibits to this Current Report.

 

 

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

 

In connection with the Exclusive License Agreement with ECA as described in Item 1.01 of this Current Report, the Company agreed to issue 1,000,000 shares of common stock to Carol Scott as the initial royalty payment.

 

The information included in Item 1.01 provides a summary of the material terms of the License Agreement and is incorporated herein by reference into this Item 3.02. The issuance of the shares of the Company’s common stock to Carol Scott will be made in reliance on the exemption provided by Section 4(2) of the Securities Act for the offer and sale of securities not involving a public offering, and Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The Company’s reliance upon Section 4(2) of the Securities Act in agreeing to issue the securities was based upon the following factors: (a) the issuance of the securities will be an isolated private transaction by us which will not involve a public offering; (b) there were no subsequent or contemporaneous public offerings of the securities by the Company; (c) the negotiations for the issuance of the securities took place directly between the individual and the Company; and (d) the recipient of the securities is an accredited investor.

 

 
 

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) Exhibits

 

 

Exhibit No.

 

Description

   

10.13

Exclusive License Agreement by and among MeeMee Media Inc., ECA World Fitness Alliance and Carol Scott dated July 17, 2015.

   

10.14

Consulting Agreement dated July 17, 2015 with Carol Scott (filed as Exhibit B to the Exclusive License Agreement filed as Exhibit 10.13)

 

 

 
 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

  MEEMEE MEDIA INC.
July 22, 2015
   
   
  /s/ MARTIN DOANE
  Martin Doane
  President and Chief Financial Officer

 

 

 

 

Exhibit 10.13

 

EXCLUSIVE LICENSE AGREEMENT

 

This Exclusive License Agreement (“ Agreement ”) dated July 17, 2015 (the “ Effective Date ”), is made and entered into by and among ECA World Fitness Alliance , a corporation formed under the laws of the State of Delaware with offices located at 414 East Beech Street, Long Beach, NY 11561 (“ ECA ”), Carol Scott, an individual and sole owner of ECA (“ Carol Scott ”) with an address located at 414 East Beech Street, Long Beach, NY 11561, and MeeMee Media Inc., a corporation formed under the laws of the State of Nevada, or its designees and assigns with offices located at 33 Willow Avenue, Toronto, Canada M4E 3K1 (“ MM ”), with respect to the following facts:

 

A. ECA is an international organization and association representing the wellness and fitness community which is owned 100% by Carol Scott. ECA produces online ECA e-news, offers workshops, seminars, on line events, continuing education and webinars, resource materials, networking opportunities and a wide array of individual member benefits, including annual conventions, in the fitness industry (the “ Business ”).

 

B. ECA desires to exclusively and perpetually license its Marks and Intellectual Property (as defined below) to MM and MM desires to acquire an exclusive and perpetual right and license to the Marks and Intellectual Property for MM to market, sell and otherwise commercialize Products and Services (as defined below) throughout the world (the “ Territory ”).

 

ACCORDINGLY , the parties, intending to be legally bound, agree as follows.

 

1. Definitions

 

1.1 Intellectual Property ” shall mean, collectively, any and all brand, trademarks, servicemarks, insignias, logos and other proprietary marks (collectively “ Marks ”), copyrights, URL’s, domain names and Know How, and any and all other intellectual property rights owned, held or controlled by ECA, existing as of the Effective Date or any time thereafter, that MM may request, require or use in the exercise of its rights under this Agreement, which rights shall include, without limitation, those Marks, URLs and domain names listed on Exhibit A .

 

1.2 Know-How ” shall mean all inventions (whether or not patentable) and all confidential, technical, or proprietary information, trade secrets, documents, materials, processes and knowledge owned or controlled by ECA that would be necessary or useful in order to enable MM to utilize fully the rights granted by ECA under this Agreement; including, without limitation, information and knowledge regarding inventions, discoveries, techniques, systems, methods, formulae and processes of any type, sourcing, designs, manufacturing and design information, and other information, relating to the Products and Services.

 

1.3 Net Revenue ” shall mean revenue received by MM from the sales of Products and Services, less the total of:

 

(a) Trade, cash and/or quantity discounts actually allowed or accrued;

 

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(b) Excise, sales and other consumption taxes and custom duties to the extent such taxes are remitted to the applicable taxing authority;

 

(c) Freight, insurance and other charges;

 

(d) Amounts repaid, credited or accrued by reason of returns, rejections, defects, bad debt or recalls or because of chargebacks, retroactive price reductions, write-offs, refunds or billing errors;

 

(e) Payments and rebates directly related to the sale of Products and Services accrued, paid or deducted in a manner consistent with generally accepted accounting principles; and

 

(f) Any other similar and customary deductions taken.

 

1.4 Products ” shall mean any and all products now or hereafter developed, manufactured, produced, offered or sold by MM under the ECA brand.

 

1.5 Services ” shall mean any and all services now or hereafter developed, provided, offered or sold by MM under the ECA brand, including any and all fitness related services, memberships, shows, conferences, seminars, workshops, webinars and other events.

 

2. LICENSE

 

2.1 License Grant . ECA hereby grants to MM an exclusive, non-revocable, perpetual, unlimited, fully paid license to use, sell, assign and otherwise commercialize the Intellectual Property and Know-How in the Territory, with the right to sublicense, to develop, have developed and register derivative works and any Marks that have not been registered in the Territory, in conjunction with the manufacture, production, import, export, use, marketing, promotion, offer and sale of the Products and Services, or otherwise in relation to the commercialization of the Products, Services, Business and the other rights related to this Agreement. Such license grant shall include, without limitation, the right of MM to be the exclusive producer of all ECA branded conferences, seminars, webinars, workshops and other events in the Territory and to exclusively produce and sell any and all content and materials related to seminars, webinars, conferences, workshops, shows and classes under the ECA name or otherwise using the Intellectual Property in any way.

 

2.2 Exclusive Grant of Rights . The rights granted to MM in Section 2.1 are perpetual and exclusive in the Territory. During the term of this Agreement, (a) ECA shall not develop, have developed, make, have made, import, export, use, sell, offer for sale, have sold, or otherwise dispose of, and otherwise commercialize Products, Services or Business, directly or indirectly, in the Territory; (b) ECA shall not grant any licenses to the Intellectual Property or Know-How as provided in Section 2.1 to any third party; (c) each ECA and Carol Scott shall not own any interest in any other company or carry on or be engaged, concerned or interested directly or indirectly whether as shareholder, director, employee, partner, agent or otherwise in carrying on any business similar to or competing with MM business in fitness industry anywhere in the Territory (other than as a holder of not more than five per cent of the issued voting securities of any company listed on The NASDAQ Stock Market or any registered national securities exchange); and (d) each ECA and Carol Scott shall not, either on its own account or in conjunction with or on behalf of any other person, solicit or entice away or attempt to solicit or entice away from MM any customer for the Products and Services in the Territory.

 

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2.3 Initial Royalty . In exchange for the license grant provided to MM under this Agreement, upon execution of this Agreement, MM shall issue to Carol Scott the initial royalty in the amount of One Million (1,000,000) common shares of MM.

 

2.4 Additional Royalty . In exchange for the license grant provided to MM under this Agreement, upon execution of this Agreement, Carol Scott shall be entitled to the following additional royalty:

 

(a) In the event MM achieves the Net Revenue from the sales and commercialization of Products and Services pursuant to the license grant described in this Agreement (the “ Year 1 Milestone Revenue ”) in the amount of $60,000 during the first twelve (12) month period from the Effective Date (the “ Year 1 Target ”), MM shall grant Carol Scott an additional amount of Three Hundred Thousand (300,000) shares of common stock of MM (the “ Year 1 Payment ”). However, in the event during the first twelve (12) month period from the Effective Date the Year 1 Milestone Revenue is less than the Year 1 Target, the Year 1 Payment shall be reduced by twenty (20) shares of common stock of MM for every dollar that the Year 1 Milestone Revenue during the first twelve (12) month period from the Effective Date is below the Year 1 Target.

 

(b) In the event MM achieves the Net Revenue from the sales and commercialization of Products and Services pursuant to the license grant described in this Agreement (the “ Year 2 Milestone Revenue ”) in the amount of $75,000 or more during the second twelve (12) month period from the Effective Date (the “ Year 2 Target ”), MM shall grant Carol Scott an additional amount of Three Hundred Thousand (300,000) shares of common stock of MM (the “ Year 2 Payment ”). However, in the event during the second twelve (12) month period from the Effective Date the Year 2 Milestone Revenue is less than the Year 2 Target, the Year 2 Payment shall be reduced by twenty (20) shares of common stock of MM for every dollar that the Year 2 Milestone Revenue during the second twelve (12) month period from the Effective Date is below the Year 2 Target.

 

(c) The Year 1 Payment, if earned, shall be issued within 60 days after the end of the first twelve (12) month period. The Year 2 Payment, if earned, shall be issued within 60 days after the end of the second twelve (12) month period. Except as provided in Section 2.3 and 2.4, MM shall not have any other payment or compensation obligations to ECA or Carol Scott for the duration of the term of this Agreement.

 

(d) Neither ECA nor MM has provided any guarantees as to the amount of Net Revenue which may be achieved.

 

 

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2.5 Marriott Payment . MM shall be responsible for payment of the outstanding amount of $89,913.45 owed by ECA to the Marriott Marquis Hotel in New York, New York.

 

2.6 Representations of Carol Scott . The Company will issue the shares of common stock of MM as royalty pursuant to this Agreement (collectively, the “ Securities ”) to Carol Scott in reliance upon the following representations made by Carol Scott:

 

(a) Carol Scott acknowledges and agrees that the Securities are characterized as “restricted securities” under the Securities Act of 1933 (as amended and together with the rules and regulations promulgated thereunder, the “ Securities Act ”) and that, under the Securities Act and applicable regulations thereunder, such securities may not be resold, pledged or otherwise transferred without registration under the Securities Act or an exemption therefrom. Carol Scott acknowledges and agrees that (i) the Securities are being offered in a transaction not involving any public offering in the United States within the meaning of the Securities Act, and the shares of common stock have not yet been registered under the Securities Act, and (ii) the Securities may be offered, resold, pledged or otherwise transferred only in a transaction registered under the Securities Act, or meeting the requirements of Rule 144, or in accordance with another exemption from the registration requirements of the Securities Act (and based upon an opinion of counsel if the Company so requests) and in accordance with any applicable securities laws of any State of the United States or any other applicable jurisdiction.

 

(b) Carol Scott acknowledges and agrees that (i) the registrar or transfer agent for the shares of common stock will not be required to accept for registration of transfer any shares except upon presentation of evidence satisfactory to MM that the restrictions on transfer under the Securities Act have been complied with, and (ii) any shares of common stock in the form of definitive physical certificates will bear a restrictive legend.

 

(c) Carol Scott acknowledges and agrees that: (i) the Securities are being offered and sold in reliance upon federal and state exemptions for transactions not involving any public offering; (ii) Carol Scott is acquiring the Securities solely for her own account for investment purposes, and not with a view to the distribution thereof in a transaction that would violate the Securities Act or the securities laws of any State of the United States or any other applicable jurisdiction; (iii) Carol Scott is a sophisticated purchaser with such knowledge and experience in business and financial matters that it is capable of evaluating the merits and risks of acquiring the Securities; (iv) Carol Scott has had the opportunity to obtain from MM such information as desired in order to evaluate the merits and the risks inherent in holding the Securities; (v) Carol Scott is able to bear the economic risk and lack of liquidity inherent in holding the Securities; (vi) Carol Scott is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, and the ACCREDITED INVESTOR QUESTIONNAIRE provided by MM has been completed by Carol Scott truthfully and accurately; and (vii) Carol Scott either has a pre-existing personal or business relationship with MM or its officers, directors or controlling persons, or by reason of Carol Scott’s business or financial experience, or the business or financial experience of her professional advisors who are unaffiliated with and who are not compensated by MM, directly or indirectly, have the capacity to protect her own interests in connection with the purchase of the Securities.

 

 

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(d) Carol Scott's investment in MM is consistent, in both nature and amount, with Carol Scott’s overall investment program and financial condition. Carol Scott has had the opportunity to review MM’s public reports filed with the Securities and Exchange Commission which contain the most recent public information regarding MM (the “ SEC Filings ”). Carol Scott has not been furnished any literature other than this Agreement and the SEC Filings and is not relying on any information, representation or warranty by MM or any of its affiliates or agents, other than information contained in this Agreement and the SEC Filings, in determining whether to acquire the Securities.

 

(e) Carol Scott’s principal residence/principal place of business is in the state identified on the first page above.

 

2.7 Ownership of Intellectual Property Rights and Branding . Except as provided in this Agreement, ECA shall retain ownership of the Intellectual Property. Notwithstanding the foregoing, MM may create new marks, copyrights and other intellectual property, including, without limitation, the derivative works of the Intellectual Property, in which ECA shall have no right, title or interest. MM shall be permitted, at its own cost, to register in its name newly created marks and other intellectual property. In such a case, ECA agrees to cooperate with, and provide reasonable assistance to, MM in the completion, execution and filing of all reasonable documentation as may be required by MM to secure MM’s rights in the newly created intellectual property.

 

2.8 Infringement of Intellectual Property Rights . In the event that either party becomes aware of any third party infringing any of the Intellectual Property in the Territory it shall notify the other party of such infringement immediately. In the event of infringement of any of the Intellectual Property in the Territory, MM shall have the right to take such actions as it may deem reasonable to stop the infringing activity in the Territory, including without limitation initiating legal proceedings against any infringing person, and MM shall have sole control over such actions and proceedings, including over the settlement thereof. ECA shall cooperate with and provide reasonable assistance to MM in the prosecution of any claim against a person in the Territory for infringement of the Intellectual Property, and agrees to be named as a party to any legal proceedings related thereto as may be necessary. MM shall bear responsibility for all costs associated with such actions or proceedings, and MM shall be reimbursed for those costs from the proceeds of any such actions or proceedings, and MM shall retain any remaining proceeds derived from the settlement or prosecution.

 

3. CONSULTING AGREEMENT. Effective as of the Effective Date, MM and Carol Scott shall enter into the Consulting Agreement in the form attached hereto as Exhibit B .

 

4. OPTION TO PURCHASE ECA BUSINESS. At any time during the term of this Agreement, MM shall have the right to purchase any and all assets, Intellectual Property, inventory, products and business of ECA worldwide (the “ ECA Business ”). The purchase price of the ECA Business will be $1.00 and shall be completed pursuant to a form of purchase agreement prepared by MM and shall contain such representations, warranties and indemnities by ECA and Carol Scott as are customary for a transaction of this nature. The purchase of the ECA Business shall not include any liabilities. The purchase of the ECA Business by MM shall not reduce or eliminate MM’s payment obligations set forth in Section 2.3 and Section 2.4.

 

 

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5. TERM AND TERMINATION

 

5.1 Term . This Agreement is effective as of the Effective Date and will continue until terminated in accordance with this Agreement.

 

5.2 Termination . Each non-defaulting party may terminate this Agreement during an occurrence of an Event of Default which was not cured during any applicable cure periods, by giving the written notice required by this Agreement to the defaulting party. In the event this Agreement has been terminated by ECA due to an Event of Default by MM provided in Section 6.2, then upon effectiveness of the termination, all rights to the Intellectual Property granted by this Agreement to MM shall expire.

 

6. DEFAULT

 

6.1 Event of Default by ECA . The following shall constitute an “ Event of Default ” by ECA under this Agreement:

 

(a) ECA or Carol Scott breaches its obligations under this Agreement, including without limitation, Section 2.1, 2.2, 7.2 and 7.3;

 

(b) ECA files a petition in bankruptcy or its equivalent or is adjudicated bankrupt or insolvent or makes an assignment for the benefit of its creditors or an arrangement pursuant to any bankruptcy or insolvency laws, or if ECA discontinues or dissolves its business, or if a receiver or its equivalent is appointed for ECA or its business and such receiver or its equivalent is not discharged within 30 days, or any events occur which is analogous under foreign jurisdiction to any of the foregoing events;

 

(c) ECA or Carol Scott engages in any illegal, unfair or deceptive business practices or unethical conduct whatsoever, whether or not related to any Products, Services or Business.

 

6.2 Event of Default by MM. The following shall constitute an “ Event of Default ” by MM under this Agreement: MM fails to provide timely payment of royalties pursuant to Sections 2.3, 2.4 and 2.5 under this Agreement and such breach continues for a period of 60 days after ECA gives a written notice to MM specifying such failure.

 

6.3 Remedies . Upon the occurrence of an Event of Default the aggrieved party may avail itself of any and all remedies at law or in equity including, without limitation, the right to terminate this Agreement as provided in Section 5.2. In addition, upon the occurrence of an Event of Default by ECA or Carol Scott, Carol Scott shall be obligated to return, assign and transfer to MM upon its written request any and all shares of common stock of MM issued pursuant to this Agreement.

 

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7. Warranties

 

7.1 Mutual Warranties . Each party warrants to the other party that:

 

(a) it has the right to enter into this Agreement, and that it has not and shall not make any commitments to or agreements with others inconsistent with this Agreement. Each party acknowledges that no other party or agent or attorney of the other party or any other person or entity has made any promise, representation of fact or law, or warranty whatsoever, not contained within this Agreement, concerning the subject matter hereof, to induce the execution of this Agreement, and each signatory to this Agreement hereby acknowledges that it has not executed this instrument in reliance on any such promise, representation or warranty not contained herein.

 

(b) the execution, delivery and performance by it of this Agreement and its compliance with the terms and provisions of this Agreement does not and will not violate, conflict with or result in a breach of any of the terms or provisions of (i) any other contractual or other agreements or obligations of such party, (ii) the provisions of its charter, operating documents or bylaws, or (iii) any order, writ, injunction or decree of any court or governmental authority entered against it or by which it or any of its property is bound except where such breach or conflict would not materially impact the party's ability to meet its obligations hereunder; and

 

(c) it shall comply in all material respects with all laws, rules and regulations applicable to its performance under this Agreement.

 

7.2 Licensed Intellectual Property Rights .

 

(a) ECA warrants that it is the sole owner of and that it holds good title to the Intellectual Property, free and clear of all liens, claims, security interests, charges and other encumbrances of any kind, and no third party has any right, title or interest in or to the Intellectual Property.

 

(b) The Intellectual Property constitute all of ECA’s intellectual property rights that are necessary or useful for MM to develop, have developed, make, have made, import, export, use, sell, offer for sale, have sold, or otherwise dispose of, and otherwise commercialize Products and Services and to otherwise exercise its rights under this Agreement.

 

7.3 Intellectual Property Infringement . ECA warrants that it has the right to grant the license pursuant to this Agreement and that the Products and Services and the Intellectual Property does not infringe any patent, trademark, copyright or other proprietary rights of any third party, nor has any claim (whether or not embodied in an action, past or present) of such infringement been threatened or asserted, nor is such a claim pending, against ECA.

 

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8. Indemnification . Each ECA and Carol Scott shall jointly and severally indemnify and hold harmless MM and its subsidiaries, affiliates, customers, directors, officers, employees, agents, successors and assigns from and against any and all liability, damages, losses, claims, demands, judgments, costs and expenses of every nature and kind (including attorneys’ fees) that arise out of or result from (a) any breach of any material terms of this Agreement, including any representation or warranty contained in this Agreement, (b) injury to, or death of, any person, or damage to or destruction of property, arising out of or incidental to, or in any way resulting from the Products, Services and/or Intellectual Property, (c) any claim that the Products, Services or Intellectual Property infringes a patent, copyright, proprietary right, or other intellectual property right, or constitutes an unlawful disclosure, use or misappropriation of another party’s trade secret without such party’s consent; and (d) any the acts or omissions, whether negligent or otherwise, of ECA, its employees, consultants, subcontractors or agents in performance of this Agreement.

 

9. Limitation of liability. Except for claims arising from a breach of Section 2.2, 2.6, 7.2, 7.3 and 8, neither party shall be liable to the other for any consequential, incidental, indirect, punitive, or special damages, however caused and regardless of legal theory of foreseeability, directly or indirectly arising under this Agreement.

 

10. MiSCELlANEOUS

 

10.1 Further Assurances. The parties will (i) furnish upon request to each other further information, (ii) execute and deliver to each other documents, and (iii) do other acts and things, all as the other party may reasonably request for the purpose of carrying out the intent of this Agreement and the documents referred to in this Agreement. A party who fails to comply with this section shall reimburse the other party for all costs and expenses, including attorneys’ fees and court costs, as the result of such failure.

 

10.2 Notices . All notices or requests required to be given pursuant to this Agreement and all other communications related to the Agreement will be in writing signed by the party making it and will be deemed to have been duly given if personally delivered or sent by email or telefax (with a confirmation of receipt), or overnight delivery courier service as follows:

 

If to MM:

 

33 Willow Avenue

Toronto, Ontario, Canada

M4E 3K1

Tel: 1 (416) 903-6691

Email: info@meemeemedia.com

Facsimile: 1 (888) 848-3972

 

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If to ECA:

 

414 East Beech Street

Long Beach, NY

11561

Tel: 1 (516) 432-6877

Email: carol@ecaworldfitness.com

Facsimile: 1 (516) 578-7350

 

If to Carol Scott:

 

414 East Beech Street

Long Beach, NY

11561

Tel: 1 (516) 578-7350

Email: carol@ecaworldfitness.com

Facsimile: 1 (516) 432-7044

 

 

Notice will be given to such other representatives or at such other addresses as a party may furnish to the other party entitled to notice pursuant to the foregoing. Any notice given personally shall be deemed to have been served on delivery, any notice given by overnight delivery courier service shall be deemed to have been served two business days after the same shall have been delivered to the courier, and any notice given by facsimile or email transmission shall be deemed to have been received one business day after confirmation of receipt.

 

10.3 Compliance with Laws, Regulatory Approvals . Each of the parties will comply with the provisions of all laws and all orders, rules and regulations applicable to their performance under this Agreement.

 

10.4 Legal Relationships . MM, ECA and Carol Scott are, and at all times during the effective period of this Agreement will remain, independent contractors. At no time will either party represent to any third party that it is the agent of the other for any reason whatsoever. In no event will either party at any time have authority to make any contracts or commitments on behalf of or as an agent of the other party.

 

10.5 Assignment. MM shall have the right to assign this Agreement or any rights, responsibilities, or obligations in this Agreement, without the written approval of ECA. ECA shall not assign this Agreement or any of its rights, responsibilities, or obligations in this Agreement, without the written approval of MM.

 

10.6 Waiver . Neither the failure nor any delay by any party in exercising any right, power or privilege under this Agreement or the documents referred to in this Agreement will operate as a waiver of the right, power or privilege, and no single or partial exercise of any right, power or privilege will preclude any other or further exercise of the right, power or privilege or the exercise of any other right, power or privilege. To the extent permitted by applicable law: (a) no claim or right arising out of this Agreement or the documents referred to in this Agreement can be discharged by one party, in whole or in part, by a waiver or renunciation of the claim or right unless in writing signed by the other party; (b) no waiver that may be given by a party will be applicable except in the specific instance for which it is given; and (c) no notice to or demand on one party will be deemed to be a waiver of any obligation of that party or of the right of the party giving the notice or demand to take further action without notice or demand as provided in this Agreement or the documents referred to in this Agreement.

 

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10.7 Expenses . Each party will bear its own expenses incurred in connection with the negotiation, drafting, implementation and performance of this Agreement.

 

10.8 Governing Law; Jurisdiction . This Agreement will be governed by and construed in accordance with the laws of the State of Nevada, United States of America as applied to agreements entered into and fully performed therein by residents thereof. THE PARTIES IRREVOCABLY AGREE THAT ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF THIS AGREEMENTOR ITS BREACH, WHETHER IN TORT, CONTRACT OR OTHERWISE SHALL BE BROUGHT EXCLUSIVELY IN A STATE COURT OF COMPETENT JURISDICTION IN CLARK COUNTY, STATE OF NEVADA OR IN A FEDERAL COURT OF COMPETENT JURISDICTION INCLARK COUNTY, STATE OF NEVADA. BY EXECUTING THIS AGREEMENT, EACH OF THE PARTIES HEREBY IRREVOCABLY ACCEPTS AND SUBMITS TO THE JURISDICTION OF SAID COURTS IN PERSON, GENERALLY AND UNCONDITIONALLY IN CONNECTION WITH ANY SUCH ACTION OR PROCEEDING.

 

10.9 Entire Agreement and Modification. This Agreement and the Exhibits to this Agreement are made a part of and are hereby incorporated into this Agreement. This Agreement represents the entire agreement between the parties with respect to the subject matter hereof and supersedes any previous discussions, negotiations or arrangements of the parties with respect to the matters contained in this Agreement. No amendment, modification, or waiver of any provisions of this Agreement or consent will be effective unless in writing signed by duly authorized officers or representatives of both parties. In the event of conflict between this Agreement and its Exhibits, this Agreement shall prevail. This Agreement shall not be interpreted against a party by virtue of that party’s drafting of the Agreement or any provision of this Agreement.

 

10.10 Attorneys' Fees . In the event of a dispute under this Agreement which results in arbitration or litigation, the prevailing party shall be entitled to recover its costs and attorneys' fees.

 

10.11 Survival of Obligations . Upon expiration or termination of this Agreement, Sections 2.6, 6.3, 7, 8, 9 and 10 of this Agreement shall continue in full force and effect.

 

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10.12 Severability . If any provision of this Agreement is for any reason found to be unenforceable, the remainder of this Agreement shall continue in full force and effect.

 

10.13 Counterparts and Facsimile Signatures . The Agreement may be executed in two or more counterparts and may be delivered by facsimile or by electronic mail in portable document format or other means intended to preserve the original graphic content of a signature. Each of such counterparts shall be deemed an original, but all of which shall constitute one and the same instrument.

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be signed by their duly authorized representatives as of the date first set forth above.

 

ECA World Fitness Alliance

 


By: /s/ CAROL SCOTT
Name: Carol Scott
Title: CEO

 

 

 

Carol Scott

 


By: /s/ CAROL SCOTT
Name: Carol Scott, an individual

 

MeeMee Media, Inc.

 


By: /s/ MARTIN DOANE
Name: Martin Doane
Title: President and CEO

 

 

 



 

 

 

 

 

 

 

[SIGNATURE PAGE TO EXCLUSIVE LICENSE AGREEMENT]

 

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EXHIBIT A

 

Intellectual Property Rights

 

 

 

 

URLs:

 

www.ECAworldfitness.com

 

List all other Intellectual Property Rights:

 

· ECA membership database
· ECA conference website
· ECA online membership registration platform

 

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EXHIBIT B

 

CONSULTING AGREEMENT

 

 

 

 

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Exhibit 10.14

 

CONSULTING AGREEMENT

 

THIS CONSULTING AGREEMENT (the “ Agreement ”) is made and entered into as of July 17, 2015 (the “ Effective Date” ) by and between MeeMee Media, Inc., a Nevada Corporation (the “ Company ”), and Carol Scott (“ Consultant ”).

 

A. The Company desires to retain the services of the Consultant effective as of the Effective Date.

 

B. The Consultant is willing to be retained by the Company on the terms and subject to the conditions set forth in this Agreement.

 

THE PARTIES AGREE AS FOLLOWS:

 

1. Services . The Consultant shall perform the services set forth in Exhibit A attached hereto (the “ Services ”). The Consultant shall not allow any other person or entity to perform any of the Services for or instead of the Consultant. The Consultant shall comply with all laws, rules, and regulations in the performance of the Services.

 

2. Terms of Engagement .

 

2.1 Definitions . For purposes of this Agreement, “ Confidential Information ” is all information related to any aspect of the Company’s business which is either information not known by actual or potential competitors of the Company or is proprietary information of the Company, whether of a technical nature or otherwise.

 

2.2 Independent Contractor . The parties hereto understand and agree that the Consultant is an independent contractor and not an employee of the Company. The Consultant has no authority to obligate or bind the Company by contract or otherwise. The Consultant will not be eligible for any employee benefits, and the Company will not make deductions from the Consultant’s fees for taxes (except as otherwise required by applicable law or regulation). Any taxes imposed on the Consultant due to activities performed hereunder will be the sole responsibility of the Consultant.

 

2.3 Term of Service . This Agreement shall continue for a period of twelve (12) months from the Effective Date subject to renewal for an additional twelve (12) months at the election of the Company; provided that the Consultant’s consulting relationship with the Company may be terminated by the Company (i) upon 30 days prior written notice for any reason; and (ii) upon 10 days prior written notice in the event that Consultant breaches the terms of this Agreement.

 

3. Compensation .

 

3.1 Compensation . In consideration of the Services provided pursuant to this Agreement, the Consultant shall be paid the consideration set forth on Exhibit A . The Consultant acknowledges and agrees that Company’s sole obligation to Consultant shall be the payment of the consideration described on Exhibit A and the Company shall not have any additional obligations to the Consultant with respect to any compensation, remuneration or reimbursement whatsoever.

 

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4. Non-competition; No Restrictions . During the term of this Agreement and for a period of six (6) months after the termination or expiration of this Agreement, the Consultant shall not, directly or indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director, or in any other individual or representative capacity, engage, participate in or perform services for any business that is in competition with the business of the Company. Consultant represents that the Consultant has no employments, consultancies or undertakings which would restrict or impair the Consultant’s performance of this Agreement.

 

5. Confidentiality Obligation . The Consultant will hold all Company Confidential Information in confidence and will not disclose, use, copy, publish, summarize, or remove from the premises of the Company any Confidential Information, except as necessary to carry out the Consultant’s assigned responsibilities as a Company Consultant, and shall comply with the terms of any Non-Disclosure Agreement between the parties.

 

6. Information of Others . The Consultant will safeguard and keep confidential the proprietary information of customers, vendors, consultants, and other parties with which the Company does business to the same extent as if it were Company Confidential Information. The Consultant will not use or disclose to the Company any confidential, trade secret, or other proprietary information or material of any previous employer or other person, and will not bring onto the Company’s premises any unpublished document or any other property belonging to any former or current employer without the written consent of that former or current employer.

 

7. Work Product .

 

7.1 Confidentiality of Work Product . Consultant shall not disclose to any party, including but not limited to any subcontractor, without the prior written consent of the Company any of (i) Consultant’s works, discoveries, inventions and innovations resulting from the Services, (ii) any proposals, research, records, reports, recommendations, manuals, findings, evaluations, forms, reviews, information, data, computer programs and software originated or prepared by Consultant for or in the performance of the Services (the items listed in clauses (i) and (ii) being hereinafter referred to collectively and severally as “ Work Product ”) or (iii) the existence or the subject matter of this Agreement.

 

7.2 Return of Information and Work Product . Consultant acknowledges and agrees that all Information shall remain the property of the Company, and no license, express or implied, to use any of the Company’s intellectual property is granted under this Agreement, except as specifically required to perform the Services. In the event of any termination, expiration or upon request by the Company, all copies of such Information and all Work Product shall be immediately returned to the Company.

 

7.3 Assignment of Work Product. All Work Product shall be promptly communicated to the Company. As additional consideration for the compensation to be paid to Consultant under this Agreement, Consultant shall assign to the Company all of its right, title and interest in and to all Work Product immediately upon origination, preparation or discovery thereof and regardless of the medium of expression thereof. Consultant shall communicate to the Company or its representatives all facts known to it respecting such Work Product. Further, whenever requested and at the Company’s cost and expense, Consultant shall testify in all legal proceedings, sign all lawful papers and otherwise perform all acts necessary or appropriate to enable the Company and its successors and assigns to obtain and enforce legal protections for all such Work Product in all countries, for which the Company may pay Consultant a reasonable fee. All Work Product shall become the exclusive property of the Company, and Consultant shall be deemed to have relinquished all right, title and interest in and to such Work Product by virtue of this Paragraph 7.3.

 

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8. Miscellaneous .

 

8.1 Waiver . The waiver of the breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach of the same or other provision hereof.

 

8.2 Assignment . The rights and liabilities of the parties hereto shall bind and inure to the benefit of their respective successors, heirs, executors and administrators, as the case may be; provided, however, that as the Company has specifically contracted for the services to be provided by the Consultant hereunder, the Consultant may not assign or delegate the Consultant’s obligations under this Agreement either in whole or in part without the prior written consent of the Company.

 

8.3 Governing Law . This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada applicable to contracts entered into and wholly to be performed within the State of Nevada by Nevada residents.

 

8.4 Counterparts . This Agreement may be executed in one or more counterparts and may be delivered by facsimile transmission or electronic transmission in PDF format, all of which taken together shall constitute one and the same Agreement.

 

8.5 Entire Agreement; Modifications; Miscellaneous . This Agreement represents the entire understanding among the parties with respect to the subject matter of this Agreement, and this Agreement supersedes any and all prior and contemporaneous understandings, agreements, plans, and negotiations, whether written or oral, with respect to the subject matter hereof. All modifications to the Agreement must be in writing and signed by each of the parties hereto. Each party to this Agreement hereby represents and warrants to the other party that it has had an opportunity to seek the advice of its own independent legal counsel with respect to the provisions of this Agreement and that its decision to execute this Agreement is not based on any reliance upon the advice of any other party or its legal counsel. This Agreement shall be construed neutrally, without regard to the party responsible for its preparation.

 

 

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IN WITNESS WHEREOF, the parties hereto have executed this Consulting Agreement as of the date first written above.

 

MEEMEE MEDIA, INC.:

 

 

By: /s/ MARTIN DOANE

      Martin Doane, CEO

 

CONSULTANT:

 

By: /s/ CAROL SCOTT ________________________________

      Carol Scott

 

Address: 414 East Beech Street, Long Beach, NY 11561

 

 

 

[Signature Page to MeeMee Media, Inc. Consulting Agreement]

 

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EXHIBIT A

 

Description of Services:

· Consultant shall be responsible for marketing and sales of the ECA brand licensed to the Company pursuant to the Exclusive License Agreement dated July 17, 2015 between the Company and ECA World Fitness Alliance.
· Consultant shall be available to work closely with the Company to help develop new ECA website, marketing materials, ECA conference programming strategy and schedule; secure conference presenters; develop conference layout and operational procedures; create conference seminar program and schedule and secure panelists; help develop conference membership / attendance pricing, benefit and marketing strategies; help create the ECA CEC course program; help develop online ECA seminar and education programming and offerings; and any other related activities the Company deems necessary to conduct a successful conference and education business.
· Consultant acknowledges and agrees that Company may terminate this Agreement in the event that Consultant is not available to work with the Company or fails to fulfill her obligations under this Agreement and such termination shall not result in any termination payment obligations. Upon termination and prior to receiving any unpaid amount owed, Consultant shall work with the Company to ensure her duties are transitioned to personnel designated by the Company.

 

Compensation:

· Company shall pay Consultant the amount of 75% of the first $150,000 in annual incoming sponsorship and exhibitor fees collected by the Company that Consultant directly and solely secures for ECA conferences (“ CS ECA Sales ”), up to a maximum of $112,500 annually. The Company shall also pay Consultant the amount of 20% of any CS ECA Sales exceeding $150,000 annually, up to a maximum of $100,000 annually. CS ECA Sales shall include only revenue collected by the Company from sponsors and exhibitors solely and directly secured by Consultant, and shall not include any other revenues collected by the Company, including, without limitation, shall not include (i) sponsors and exhibitors secured by the Company or All Screens Media or any other party; or (ii) ECA membership fees, convention registrations or online/conference education courses or seminars. All compensation paid to Consultant shall be paid within 30 days of Company’s receipt of the revenue from CS ECA Sales.  
· Commencing November 1, 2015, Company shall pay Consultant a base monthly fee of $7,500 for agreed upon activities above and beyond CS ECA Sales for the following five months of each year during the term of this Agreement: November, December, January, February, and March.  
· If the Company terminates this Agreement and such termination is not the result of Consultant’s breach of this Agreement, the Company shall pay Consultant a termination payment in the amount of $37,500.

 

INITIALS:   /s/ M.D   Company
         
    /s/ C.S   Consultant