Marketing and Strategic Planning Agreement between MyMedicalRecords.com and Bernard Stolar dated November 23, 2005
MyMedicalRecords.com (MMR) and Bernard Stolar entered into an agreement where Mr. Stolar will serve as a marketing and strategic planning advisor for MMR. He will help develop partnerships and alliances to promote MMR's products and services. In return, MMR will pay him $50,000 per year (starting after MMR raises $2 million or by January 1, 2006) and a 1% commission on revenue he directly generates. The agreement renews annually unless terminated by either party with 30 days' notice. This arrangement is separate from Mr. Stolar's board directorship at MMR.
Exhibit 10.14
10100 Santa Monica Blvd Suite 430 Los Angeles, CA 90067
Tel (888) 808-4667 Fax (310) 859-1601
www.mymedicalrecords.com
November 23, 2005
Mr. Bernie Stolar
2811 Vallejo Street
San Francisco, CA 94123
Dear Dr. Stolar:
This Letter Agreement sets forth the terms under which you agree to act as a marketing and strategic planning advisor for MyMedicalRecords.com ("MMR"), effective on the last date executed below. As such, you will seek actively strategic partnerships and alliances with other entities to market MMR's products and services.
Under this Agreement, MMR agrees to compensate you for your services as follows:
(1) $50,000 per year payable monthly starting the earlier of the date MMR raises Two Million Dollars ($2,000,000) in equity and January 1, 2006.
(2) Commissions in the amount of one percent (1%) of revenue generated directly through your efforts, payable on net cash receipts received from those clients, quarterly 30 days following the end of each quarter.
Either party may terminate this Agreement upon thirty (30) days prior written notice. This Agreement will renew automatically for successive one year periods unless terminated by either party. The parties are aware of Mr. Stolar's directorship on the board of MMR and understand that this relationship is independent of that directorship and that compensation under this Agreement is not consideration for that directorship. This Agreement is governed by the laws of the State of California without regard to that state's choice of law doctrine.
MyMedicalRecords.com By: /s/ Robert H. Lorsch 11/23/2005 Title: CEO | Mr. Bernie Stolar By: /s/ Bernie Stolar 11/23/2005
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