Consulting Services Agreement, dated December 1, 2018, between the Company and Wal Adepoju
Exhibit 10.2
CONSULTING SERVICES AGREEMENT
This Consulting Services Agreement (Agreement) is effective as of December 1, 2018 (the Effective Date) by and between Global Eagle Entertainment Inc., a Delaware corporation, with its principal place of business at 6100 Center Drive, Suite 1020, Los Angeles, CA 90045 (Global Eagle or the Company), Flonoe Limited, company number 10780242, having an address at 9 De Montfort Street, Leicester, United Kingdom, LE1 7GE (Consultant), and, solely for purposes of Section 11(d) of this Agreement, Walé Adepoju (Guarantor).
In consideration of the mutual covenants and agreements set forth below, the parties agree as follows:
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(Remainder of Page Intentionally Blank.)
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date.
CONSULTANT | ||
Signature: | /s/ Walé Adepoju | |
Name: | Walé Adepoju | |
Title: | Director | |
GUARANTOR | ||
Signature: | /s/ Walé Adepoju | |
Printed Name: Walé Adepoju | ||
GLOBAL EAGLE ENTERTAINMENT INC. | ||
Signature: | /s/ Kim Nakamaru | |
Name: | Kim Nakamaru | |
Title: | VP, Interim General Counsel |
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EXHIBIT A
WORK STATEMENT
1. | General |
This Work Statement defines work to be done for Global Eagle Entertainment Inc. (Global Eagle or the Company) by Walé Adepoju (Consultant) under that certain Consulting Services Agreement to which this Exhibit is attached (Agreement). Capitalized terms used but not otherwise defined in this Work Statement shall have the meanings ascribed to such terms in the Agreement.
2. | Description of Project/Services |
During the Term, Consultant shall provide the following Services to the Company: (i) assist with mergers and acquisitions, strategic initiatives, and corporate development activities; (ii) assist with integration and organizational advisory services as directed by the Manager; (iii) serve of the board of directors of the Santander joint venture on behalf of the Company (the JV Board); and (iv) perform such other reasonable services as may be requested by the Manager from time to time.
3. | Manager |
Chief Executive Officer of the Company.
4. | Term |
The Term shall be an initial period commencing on the Effective Date and continuing until the date that is six (6) months following the Effective Date (the Initial Term). The Term shall be extended automatically by successive one (1) month periods upon the expiration of the Initial Term and any renewal period thereafter unless either the Company or Consultant provides the other party with written notice of an intention to terminate the Term at least thirty (30) days prior to such expiration or renewal date. The term Term shall include any such automatic one (1) month extensions.
5. | Fees |
The Companys subsidiary, Global Eagle Entertainment Limited (Global Eagle Ltd.) shall pay to Consultant a consulting fee equal to GBP 13,735 plus applicable VAT (the Consulting Fee), which Consulting Fee is intended to correspond with Consultant providing approximately fifty percent (50%) of the services that Consultant provided to the Company and its affiliates immediately prior to the commencement of the Term, for each month during the Term, which shall be pro-rated for partial months of service. In the event that the scope of Consultants services materially increases during the Term, the Company and Consultant shall negotiate in good faith to adjust the amount of the Consulting Fee. Consultant shall invoice Global Eagle Ltd. for the Consulting Fee monthly in advance, but
in no event earlier than the first day of the applicable month, and Global Eagle Ltd. shall remit payment within thirty (30) days following receipt of such invoice.
In addition, (x) to the extent that Consultant is requested to, and agrees to, serve on the JV Board, Consultant shall be covered by the applicable directors and officers liability insurance policy maintained by the Company, subject to, and in accordance with, the terms and conditions of such policy and (y) Global Eagle Ltd. will reimburse Consultant for any reasonable and documented out-of-pocket travel and out-of-town lodging expenses that Consultant properly incurs in the performance of the Services, subject to Consultants compliance with Global Eagle Ltd.s expense and travel reimbursement policies. For the avoidance of doubt, the expense reimbursement in the foregoing clause (y) will not apply with respect to Consultants personal insurance and overhead costs.
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EXHIBIT B
DISCLOSURE OF INVENTIONS
The following is a complete list of Inventions relevant to the performance of the Services for Global Eagle Entertainment Inc. (Global Eagle or the Company) that have been made or conceived or first reduced to practice by Consultant alone or jointly with others prior to the execution of that certain Consulting Services Agreement to which this Exhibit B is attached (Agreement) entered into between Consultant and Global Eagle that Consultant desires to clarify are not subject to the Agreement.
X | No Inventions | |||
| See below | |||
| Additional sheets attached |
CONSULTANT |
/s/ Walé Adepoju |
Walé Adepoju |
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