EXHIBIT
A
AGREEMENT
made
and
entered
this_
day
of
January; 1999
By
and Between Johnny Wright
d/b/a .. Wright Entertainment
Group",
hereinafter referred to as "Manager",
and
Britney Spears,
14550 Greenwell
Church
Road,
Kentwood,
LA,
70444, hereinafter referred to as
41
Artist".
WITNESSETH
In
consideration
of
the representations
and
warranties and the mutual promises hereinafter
set forth, it is agreed as follows:
1.
Subject to the terms
and
conditions in
this
agreement, Artist hereby engages Manager and
Manager
agrees to act,as Artist's personal and
career
co-manager, representative arid advisor until
such
time as either party shall forward a notice
to
the other advising that the
Tenn
of
this
agreement is terminated thirty (30)
days
frorยต
the date
of
such
notice (such period hereinafter
referred to as the ..
Term").
As
used herein, the term โ€ขโ€ขArtist" includes all "Contro11ed Entities",
as defined herein.
2. During the
Tenn
hereof,
Manager
shall use reasonable efforts to direct, develop
and
enhance
all
phases
of
Artist's career, including,
but
not limited to, advising
and
counseling (i) in
the selection
ofliterary,
artistic
and
musical material; (ii)
in
any
~d
all matters pertaining
to
publicity, public relations
and
advertising; (iii) in relation
to
the
adoption
of
proper fonnats for
presentation
of
Artist's talents; (iv)
in
the selection
of
artistic talent to assist, accompany
or
embellish Artist's presentation;
(v)
with regard
to
general
practices
in
the
entertainment
and
amusement
industries
and
with
respect to such matters
of
which Manager
may
have knowledge
concerning compensation
and
privileges extended for similar values;
and
(vi) in the selection
of
theatrical
and
employment agents.
Manager
shall
have
no
ownership interest
in
the
name
of
the
individual members
of
Artist
or
in
any
professional
or
group
name
used
by
her.
3. Artist will at all times during the
Tenn
hereof,
use
reasonable efforts to devote
herself
to
her
professional career
in
the entertainment industry and do all things necessary and desirable
to
promote
her
career
and
earnings therefrom.
4.
It
is understood that
Manager
is
not an employment agent or theatrica] agent; that
Manager has not offered, attempted
or
promised
to
obtain
employment
or
engagements
for Artist
nor is Manager obligated
or
expected to do so.
5.
Artist agrees that
Manager
may
render similar services to other artists and that Manager is
not required to devote his entire
time
and energies to Artist.
6.
In
consideration for
Manager's
services hereunder, Artist shall
pay
Manager
a
sum
equivalent to Seven and
one-half
{7ยฝ%) percent
of
Artist's Gross
Re~~_!Ets,
as
and
when received
by Artist.
The
term
โ€ข~~-~~i.Q.t,s''
as used herein shall mean.any and all compensation, in
whatever
fonn,
which
is pai~, payable, earned or accrued (and including
any
deferred portion
which
may
..
not
actually be received until after the termination
of
the
Term
hereof)~9le
orin
part,to
Artist, Artist's family, heirs, executors, administrators
or
assigns, or' applied for
.Artist'sยทยท
benefit, directly
or
indirect{y
(for
example, to
.any
corporation, partnership
or
other entity in
which Artist or any
of
the foregoing persons
have
an interest), during the
Term
hereof, as a result
of
Artist's activities
in
the entertainment and
~lated
industries, including, without limitation,
motion pictures, televisio~ radio, recordings, theater, -advertising, promotion, music publishing,
song writing, book publishing, video games, multimedia, CD-Rom and all other new
technologies now known
or
hereinafter devised.
In
addition, Artist shall
pay
or
reimburse
Manager,
if
Manager has paid. for all expenses that Manager reasonably incurs on Artist's
behalf
upon presentation
of
proof
of
payment
by
Manager. Gross Receipts shall
not
include
the
following:
(I)
deficit financing tour support
which
Artist actually uses to
pay
legitimate
tour
expenses;
(2) Artist's royalties pennanently
re~ed
by
a recording company:or other entity
in
recoupmcnt
of
recording
or
video costs, promotional costs and
any
oth~
costs retained in
recoupment
oflegitimate
expenditures made pursuant!to
or
in furtherance
of
any
recording, video
or
other contract to which Artist is a party; (3) ;
any
actual
bona
fide recording! costs paid to Artist
or
on
Artist's behalf pursuant to
any
recording agreement for Artist's services; (4)
any
actual
bona
fide production costs paid to Artist
or
on
Artist's
behalf
by
any third party in conne.ction with
audiovisual recordings featuring Artist1s performances; (5) any monies paid for independent
promotion
or
marketing
of
Artist's recordings which
~e
charged against Artist's royalty account;
and
(6) commissions paid to booking agents (not to
~ceed
ten (10%) percent).
.
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7. Subject to the foregoing limitations, subsequent to the expiration
of
the
Tenn
hereof,
Artist agrees to pay
Manager
his commissions due
on
all Gross Receipts
of
Artist paid; payable,
earned
or
accrued subsequent to the expiration
of
the Term which result from
any
contract
entered into
or
substantially negotiated during the Term
hereof
and/or
in
connection
with
any and
all Gross Receipts resulting
in
whole
or
in part from
any
services perfonned
by
Manager
for
Artist during the Term. Notwithstanding the foregoing, Manager shall
not
receive any
commissions following the fifth anniversary
of
the expiration
of
the
Tenn
hereof.
8. Artist shall retain a Certified Public Accountant to collect Artist's income hereunder.
Said ac~ountant shall be instructed by Artist to
pay
Manager directly any and all sums
due
to him
hereunder and to account to Manager on a monthly basis. The parties shall
have
the right to
audi!._~ach_ot!iers books and records in connection with this
a~ement
only, upon reasonable
notice
of
the
same,
no more than
one
.(l)tinie periearยท.- The-
cos
"
i"of
such
'
ยฐiiudlt
<
shaifb
"e
home
by
the party
requestingtliesame
ancfshalfbe
ยท
performedb
y a certified public accountant at
the
regular place
of
business
of
the party to be audited.
9. (a) Both parties warrant and represent to the other that they have full right
and
power
to
execute this agreement and perform all
of
its tenns and conditions and that neither is under
any disability, restriction
or
prohibition with respect hereto.
(b) A waiver
by
either Artist
or
Manager
of
a breach
of
any provision herein shall not
be
deemed a waiver
of
any subsequent breach, nor a permanent modification
of
such provision.
( c) Notices h~r~under shaJl be sufficient
if
sent
by
registered mail
or
certified mail,
return receipt_~_e.g~~sted,
or
pers~!i"~
By_
clehy
:
ere"d
]
cfffie
.
respe.:
~t
~y:
~J?~~y
at
the
-
adaiessseTfortFi
-
herein above,
or
sucho
t
her
ac
r<lress
as either party may from
6me
to time
des1Eiri.ate.
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(cl)
This agreement shall be deemed
to
be executed in
and
shall be construed in
accordance with
the
laws
of
the State
of
Louisiana.
If
any
provision
hereof
shall,
for
any reason,
be illegal
or
unenforceable, the same shall not affect the validity
of
the remaining portions
and
provisions hereof.
10.
(a)
Artist
may
nor assign this Agreement nor any
of
Artist's rights hereunder without
the written consent
of
Manag~, which shall not
be
unreasonably withheld. Manager may
as
.sign
thjs agreement
to
any
c,ntity
in which Manager has a substantial equity interest
ot
to
any enti'ty in
which Manager
shall
person~ly remain
as
an
employee to, in part, personally oversee the
management
of
Artist's career in the entertainment industry.
(b) This Agreement shall
be
binding upon
and
inure
to
the benefit
of
the
parties
hereto, their respective successors, personal representatives and, subject
to
the provisions
of
this
paragraph, their respective assigns.
(c) This Agreement shall also be binding upon any entity which, directly
or
indirectly, in whole
or
in
part~
through one or more intermediaries, owns
or
controls, is owned or
controlled by, or is under common ownership or control with, Artist (a "Controlled :entity").
Accordingly, this Agreement is hereby accepted
by
Artist on Artist's behalf and on behalf
of
each
Controlled Entity.
11.
This Agreement
is
the entire agreement between Artist and Manager. It may not be
modified except
by
a written instrument signed
by
Artist
and
Manager. There is
no
other
agreement, oral or written, between Artist
and
Manager relating to the subject
maner
hereof.
12.
BOTH
PARTIES
ACKNOWLEDGE
THAT THEY HA VE READ THIS
AGREEMENT AND HAVE BEEN ADVISED
OF
THE SIGNIFICANT IMPORTANCE
OF
RET
AlNING
INDEPENDENT
ATTORNEYS CHOSEN BY
THEM
TO REVIEW
THIS AGREEMENT
ON
THEIR
RESPECTIVE
BEHALVES. IN
THE
EVENT
OF
ElTHER
PARTY'S FAILURE TO OBTAIN
Al~
INDEPENDAL~T ATTOR.t'a:Y, THE
OTHER
HEREBY WARRANTS AND
REPRESENTS
THAT
HE/SHE WILL NOT
ATTEMPT
TO
USE HIS/HER
FAILURE
TO OBTAIN AN
ATIORNEY
AGAINST
THE
OTHER
HEREAFTER IN A COURT
OF
LAW.
I
I
J
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I
I
I
I
13
. Additionally.
if
I elect to obtain
coun
approval
of
this Agreement by a
coun
of
competent jurisdiction.
you
hereby agree to cooperate fully with
me
in so doing. Being that
you are a minor
as
of
the date hereof,
you
hereby agree to cause your legal guardian(s) to sign
the inducement letter attached hereto as Exhibit O A".
IN
WITNESS
WHEREOF,
the parties have hereunto set their hands and seals on the
date first above written.
EXBJBITA
The undersigned, legal guardians
of
Britney Spears ("Minor"), have read the foregoing
agreement and, as an inducement
to
enter into the foregoing agreement, warrant and represent to
Johnny Wright ("Manager") that (a) Minor will fully perform alt
of
her
obligations pursuant to
the foregoing agreement;
(b)
the undersigned consents to the execution and performance
of
the
foregoing agreement; (c) until the foreg9ing agreement has been approved by a courtยท
of
competent jurisdiction, the undersigned :personally guarantee
Minor's
performance
of
all
of
her
obligations thereunder and assume personal liability therefor; ( d) the undersigned agree to be
bound
by
the
obligations contained in the foregoing agreement which pertain to the Minor; (e)
Manager shall have no obligation to the undersigned; and (f)
the
undersigned shall in~emnify and
hold the Manager hannless from
any
act. error
or
omission
of
the undersigned and
of
Minor.
AGREED
TO
AND
ACCEPTED:
~kl
JleSpears
~A~
Spears
'
The
legal guardians
of
Britney
Spears,
on behalf
of
themselves
and
their daughter.