Employee Loanout Agreement
Category: Employment Agreements, Entertainment Agreements
EMPLOYEE LOANOUT AGREEMENT
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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:
(a) wherever reference is made in the Agreement to payments to
Executive, such reference shall be deemed to refer to payments to
Lender.
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