Employee Loanout Agreement
Category: 270 Legal Recent Posts, Entertainment Agreements, Loanout
EMPLOYEE LOANOUT AGREEMENT
AGREEMENT made as of this lst day of July, 2004 by and between FILM AND MUSIC ENTERTAINMENT , INC. (”Company”), 5670 Wilshire Blvd., Suite 1690, Los Angeles, California 90036, USA, (”Company”) and RED GIANTS PRODUCTIONS, INC. (herein called “Lender”) whose address is 5670 Wilshire Boulevard, Suite 1690, Los Angeles, California 90036, as follows:
1. Reference is hereby made to that certain Employment Agreement dated as of May 23,2003 in connection with the services of Executive in relation to the management of Company, a copy of which is attached hereto as Exhibit ” A ” and hereby made a part hereof (the “Agreement”). Company and Lender hereby agree that the Agreement shall be deemed amended by agreeing that the services of Executive are to be provided by Lender rather than being performed under direct employment of Executive by Company. All provisions of the Agreement shall be deemed included as part of this agreement as though fully set forth herein; it being understood however, that:
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