-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AoAIA0EjsCXUm2O9lKb8rP2TmPgCmNyCZzvLBVd5oK3R/mc6LOUFCbsK/pCq/hsF kEIKF2iDX7TEr3S4ser4oQ== 0001086380-07-000017.txt : 20070413 0001086380-07-000017.hdr.sgml : 20070413 20070413144711 ACCESSION NUMBER: 0001086380-07-000017 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20060801 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review FILED AS OF DATE: 20070413 DATE AS OF CHANGE: 20070413 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WORLDTRADESHOW COM INC CENTRAL INDEX KEY: 0001084370 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-51126 FILM NUMBER: 07765606 BUSINESS ADDRESS: STREET 1: 700 1190 MELVILLE STREET CITY: VANCOUVER BC V6E 3W1 STATE: A2 MAIL ADDRESS: STREET 1: 700 1190 MELVILLE STREET CITY: VANCOUVER V6E 3W1 STATE: A2 ZIP: 00000 8-K/A 1 wtsw8ka2080106.htm PREPARED BY: MHUEBOTTER@HOTMAIL.COM SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

     

 

   

FORM 8-K/A
Amendment 2
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     

 

   

Date of Report (Date of earliest event reported):  August 1, 2006

     

 

   

WORLDTRADESHOW.COM, INC.
(Exact Name of Registrant as Specified in Charter)

     

Nevada
(State or Other Jurisdiction
of Incorporation)

0-51126
(Commission File Number)

88-355407
(IRS Employer
Identification Number)

     

9449 Balboa Avenue, Suite 114, San Diego, California 92123
(Address of Principal Executive Offices, Zip Code)

     

Registrant's telephone number, including area code:  (858) 292-9637

     

_____________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)

     

 

   

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]

Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425).

[  ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).

[  ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

[  ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

     
     

 

Forward-Looking Statements

 

THE STATEMENTS CONTAINED IN THIS CURRENT REPORT THAT ARE NOT HISTORICAL FACTS ARE "FORWARD-LOOKING STATEMENTS (AS THAT TERM IS DEFINED IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995), THAT CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES, "EXPECTS, "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE AGREEMENT WITH ONASI, PLANNED EFFORTS TO IMPLEMENT THE COMPANY'S BUSINESS PLAN AND ANY OTHER EFFORTS THAT THE COMPANY INTENDS TO TAKE IN AN ATTEMPT TO GROW THE COMPANY, ENHANCE SALES, ATTRACT & RETAIN QUALIFIED PERSONNEL, AND OTHERWISE EXPAND THE COMPANY'S BUSINESS ARE NOT HISTORICAL FACTS AND ARE ONLY PREDICTIONS. NO ASSU RANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR BECAUSE OF THE CONTINUING RISKS FACING THE COMPANY. SUCH RISKS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: THE PROSPECTS AND FINANCIAL CONDITION OF THE COMPANY, OUR ABILITY TO IMPLEMENT OUR PLANNED BUSINESS STRATEGY, THE RISK ASSOCIATED WITH AN EARLY STAGE COMPANY, AND THE UNCERTAINTIES AND RISKS OF A SMALL COMPANY WITH LIMITED MANAGERIAL, FINANCIAL, AND MARKETING RESOURCES. ANY ONE OR MORE OF THESE AND OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS.

 

 

As used herein, the terms, "we," "us," "our," and the "Company" refers to WorldTradeShow.com, Inc., a Nevada corporation and its subsidiaries, unless otherwise stated.

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

The Company has completed a review of its prior periodic and Form 8-K filings and it has concluded that the renewal of each of the following two agreements were not previously included or fully disclosed in its prior filings.

Effective August 1, 2006, the Company renewed the Independent Contractor's Agreement it has with Sheldon Silverman. The Agreement, which has a one year term which ends on July 31, 2007 (unless renewed by the Company), provides for the Company to pay Mr. Silverman a monthly fee of $15,000 (subject to the Company having sufficient funds available to paying the fee). The Company is also obligated to pay all ordinary and reasonable expenses incurred by Mr. Silverman under the terms of the Agreement. In the event that any amounts due Mr. Rosette are accrued and unpaid for a period of 60 days or longer, then Mr. Silverman has the option of accepting shares of the Company's common stock in lieu of receiving cash fee amounts due under the Agreement (using a value of $1.00 per share to calculate the number of shares due in payment of the fee amounts). Any stock issued under the Agreement may be redeemed within a 15 day period of time in the event that Mr. Silverman resigns or is terminated w ithout cause. In that event, the redemption price is the greater of $1.00 or the average price of the Company's common stock during the preceding seven days. A copy of the Agreement is attached to this Form 8-K.

Effective August 1, 2006, the Company renewed the Independent Contractor's Agreement it has with Carlos Rosette. The Agreement, which has a one year term which ends on July 31, 2007 (unless renewed by the Company), provides for the Company to pay Mr. Rosette a monthly fee of $3,500 (subject to the Company having sufficient funds available to paying the fee). The Company is also obligated to pay all ordinary and reasonable expenses incurred by Mr. Rosette under the terms of the Agreement. In the event that any amounts due Mr. Rosette are accrued and unpaid for a period of 60 days or longer, then Mr. Rosette has the option of accepting shares of the Company's common stock in lieu of receiving cash fee amounts due under the Agreement (using a value of $1.00 per share to calculate the number of shares due in payment of the fee amounts). Any stock issued under the Agreement may be redeemed within a 15 day period of time in the event that Mr. Rosette resigns or is terminated without cause. In that event, the redemption price is the greater of $1.00 or the average price of the Company's common stock during the preceding seven days. A copy of the Agreement is attached to this Form 8-K.

 

 

ITEM 4.02  NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A RELATED AUDIT REPORT OR COMPLETED INTERIM REVIEW

On March 26, 2007, the Company inadvertently and prematurely filed a draft of its Form 10-QSB for the third quarter ending January 31, 2007. The filing was undertaken before the Company and its independent accountant could complete its review of the financial statements and prior to the approval of the Company's newly appointed Chief Financial Officer, Robert Malasek.

The Company discovered the following errors in the Company's filing of the draft financial statements in that the financial statements and the notes to the financial statements did not include the effect of: (A) two stock option agreements issued August 1, 2005 and (B) the notes to the financial statements do not fully incorporate revisions reflecting the balances in the financial statements. The Company intends to file the amendments and restated financials as soon as possible.

These same errors (with respect to the two stock option agreements and the notes to the financial statements) similarly exist in the following filings made by the Company since August 1, 2005 (the "Additional Filings"): (1) the Company's Form 10-SB filed on October 19, 2005 together with the Amendment No. 1 to the Form 10-SB filed on December 14, 2005 (both of which were subsequently withdrawn); (2) the Company's Form 10-SB filed on February 14, 2006 together with the Amendment No. 1, No. 2, No. 3, No. 4, and No. 5 as filed on April 5, 2006, April 6, 2006, April 11, 2006, May 22, 2006, and June 6, 2006, respectively; (3) the Company's Form 10-KSB for the period ending April 30, 2006 as filed August 16, 2006; (4) the Company's Form 10-QSB for the period ending July 31, 2006 as filed October 12, 2006; (5) the Company's Amendment No. 1 to the Form 10-QSB for the period ending July 31, 2006 as filed October 27, 2006; (6) the Company's Form 10-QSB for the period ending October 31, 20 06 as filed December 21, 2006; (7) the Company's Amendment No. 2 to the Company's Form 10-QSB for the period ending July 31, 2006 as filed January 17, 2007; and (8) the Company's Amendment No. 1 to the Company's Form 10-QSB for the period ending October 31, 2006 as filed January 17, 2007.

Except for these two errors, the Company is not aware of any other matters that were not disclosed in the Third Quarter January 31, 2007 Form 10-QSB or in the Additional Filings.

The Company's President and the Company's Board of Directors were informed of the errors and the inaccurate disclosures cited above. The Company's independent accountant and the Company's newly-elected Chief Financial Officer advised the Company of the error in the filing of the draft financial statements on March 26, 2007. The Company's independent accountant identified the items referenced above and the resulting errors in the disclosures in the financial statements contained in the Form 10-QSB for the quarter ending January 31, 2007 and in the Additional Filings.

As a result, the financial statements contained in the Form 10-QSB and the Company's 2005 Form 10-KSB and those in the Additional Filings should not be relied upon.

A copy of this Form 8-K has been provided to the Company's independent accountant on the same date that this Form 8-K is being filed with the U.S. Securities and Exchange Commission.

By this filing, the Company is hereby acknowledging that it has requested that the independent accountants provide a letter, addressed to the U.S. Securities and Exchange Commission, stating whether the independent accountant agree with the statements made by the Company in response to this Item 4.02 and, if not, stating the respects in which it does not agree. If the independent accountant does not agree with the statements made in this Form 8-K, the Company will promptly and without delay file the independent accountant's letter as an exhibit to the filed Form 8-K no later than two business days after receipt of any said letter from the independent accountant.

(d)  Exhibits

     15.3     Independent Auditors Agreement, Chang G. Park, CPA, Ph. D.

     99.1A   Independent Contractor Agreement with Sheldon Silverman

     99.2A   Independent Contractor Agreement with Carlos Rosette

     99.3     Independent Auditors Agreement, Chang G. Park, CPA, Ph. D.

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

WORLDTRADESHOW.COM, INC.

 
 

 
 

 
 

Date: April 12, 2007

By:  

/s/ Sheldon Silverman

 

Sheldon Silverman, President

 

EX-15 2 wtsw8ka2080106exh151.htm PREPARED BY: MHUEBOTTER@HOTMAIL.COM

Chang G. Park, CPA, Ph. D.

t 371 E St. t CHULA VISTA, CALIFORNIA 91910 t
TEL (619) 691-1566 t DIRECT (858) 722-5953 t FAX (858) 408-2695
t
E-Mail
changgpark@gmail.com

___________________________________________________________________________

 

 

 

April 5, 2007

 

United States Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street, N.W.
Washington, D.C: 20549

 

Dear Sir or Madam:

 

We have read Item 4.02 Form 8-K filed on April 4th, 2007 of Worldtradeshow.Com, Inc., and are in agreement with the disclosures made therein.

 

If you have any questions or need additional information, please call me at (619) 691-1566.

 

Sincerely,

 

 

/s/ Chang G. Park
__________________________________________
Chang G. Park, CPA

EX-99 3 wtsw8ka2080106exh991a.htm PREPARED BY: MHUEBOTTER@HOTMAIL.COM

EXHIBIT 99.1A

 
 

INDEPENDENT CONTRACTORS AGREEMENT

 

THIS AGREEMENT IS DATED THE 1st DAY OF August 2006

 

BETWEEN:

 

Sheldon Silverman
425 Stratford Ct. #14
Del Mar, CA 92014
(Herein called the "Contractor")

 

AND:
WorldTradeShow.com, Inc.
9449 Balboa Ave, Suite 114
San Diego, CA 92123
(Herein the "Client")

 

Whereas the Client desires to engage the Contractor to provide services to the Client for the terms of this Agreement and the Contractor has agreed to provide such services, all in consideration and upon the terms and conditions contained herein.

 

NOW THEREFORE IT IS HEREBY AGREED AS FOLLOWS:

 

1.

SERVICES

 

The Client agrees to engage the Contractor to provide the services described in Schedule "A" attached hereto and the contractor has agreed to perform and provide such services (collectively the "Services")

 

2.

TERMS

 

Except as otherwise provided in this Agreement, the Client agrees to engage the Contractor to provide the Services for a term commencing August 1, 2006 and ending upon the completion of the Services by July 31, 2007.

 

3.

FEE

 

The Client agrees to pay the Contractor a fee for the Services provided by the Contractor under the Agreement in the amount of $7,500.00 USD payable twice monthly for a total amount per month of $15,000.00 USD. The total amount fee due to Contractor may be paid when upon the Client has sufficient funds to make the payment. Should cash flow not allow for payment of services, the amount due shall be accrued until cash flow permits. After 60 days of non-payment contractor has the option to accept the Client's common stock as payment. The shares of common stock issued shall be equate to one (1) shares for every one dollar ($1.00) of services fee payment due Contractor.

 

4.

EXPENSES

 

The Client shall pay for or reimburse the Contractor for all reasonable, ordinary and necessary expenses incurred by the Contractor in the ordinary course of performing the Services upon presentation of proper accounts, statements, invoices or receipts for such items.

 

5.

INDEPENDENT CONTRACTOR

 

The Contractor's relationship with the Client as created by this Agreement is that of an independent contractor. It is intended that the contractor shall have general control and direction over the manner in which its services are to be provided to the Client under this Agreement. Nothing contained in this Agreement shall be regarded or construed as creating any relationship (whether by way of employer/Contractor, agency, joint venture, association, or partnership) between the parties other than as an independent contractor as set forth herein.

 

6.

TIMES AND EFFORT

 

The Contractor shall be free to devote such portion of the Contractor's time, energy, effort and skill as the Contractor see fit, and to perform the Contractor's duties when and where the Contractor see fit, so long as the Contractor performs the Services set out in this Agreement in a timely and professional fashion.

 

7.

AUTHORITY

 

The Contractor acknowledges that it is being retained as a consultant to the Client and that as such it does not have the authority and cannot commit or bind the Client to any matter, contract or negotiation without prior written authorization of the Client.

 

8.

COMPLIANCE

 

     a.   The Contractor shall comply with all applicable federal, state and municipal laws, rules and regulations arising out of or connected with the performance of the Services under this Agreement by the Contractor.

 

     b.   The Contractor shall be responsible for all applicable Federal, State and Local taxes relating to or arising out of the fees paid to the Contractor under this Agreement and the Services performed by the Contractor. Payments relating to any of the above shall be the responsibility of the Contractor and shall be forwarded by the Contractor as appropriate, directly to the government agencies involved. Proof of compliance with this requirement shall be available to the Client upon request.

 

9.

KEY PERSON AND SUB-CONTRACTORS

 

The parties acknowledge that retaining sub contractors is integral to the successful performance of the Services by the Contractor under this Agreement. It is acknowledged by the Contractor the sub contractors will perform substantial portion of the Services, unless the Client otherwise consents in writing. The fees and expenses for the sub contractors shall be the responsibility of the Client.

 

10.

SUPPORT

 

The Client agrees to provide such assistance and make available such Contractors, office space and support to the Contractor as is reasonable necessary to enable the to Contractor perform the Services under this Agreement.

 

11.

CONFIDENTIAL INFORMATION

 

     a.   The Contractor acknowledges that certain of the material and information made available to the Contractor by the Client in the performance of the Services ("Confidential Information") will be of a confidential nature. The contractor recognizes that the Confidential Information is the sole and exclusive property of the Client, and the Contractor shall use its best efforts and exercise utmost diligence to protect and maintain the confidentiality of the Confidential Information. The Contractor shall not, directly or indirectly, use the Confidential information for its own benefit, or disclose to another any Confidential Information, whether or not acquired, learned, obtained or developed by the Contractor alone or in connection with, except as such disclosure or use may be required in connection with the performance of the Services or as may be consented to in writing by the Client.

 

     b.   The Confidential Information is and shall remain the sole and exclusive property of the Client regardless of whether such information was generated by the Contractor or by others, and the Contractor agrees that upon termination of this Agreement it shall deliver promptly to the Client all such tangible parts of the Confidential Information including records, data, notes, reports, proposals, client list, correspondence, materials, marketing or sales information, computer programs, equipment, or other documents or property which are in the procession or under the control of the Contractor without retaining copies thereof.

 

     c.   Each of the foregoing obligations of the Contractor in this clause shall also apply to any confidential information of customers, joint venture parties, contractors and other entities, of any nature whatsoever, with whom the Client or any associate or affiliate of the Client has business relations.

 

     d.   Not with standing the foregoing provisions of this clause, the Contractor shall not be liable for the disclosure or use of any of the Confidential Information to the extent that:

 

          i.   The Confidential Information is or becomes available to the public from a source other than the Contractor and through no fault of the Contractor or:

 

          ii.  The Confidential Information is lawfully obtained by the Contractor from a third party or a source outside this Agreement.

 

          iii. The covenants and agreements contained in this clause shall survive the termination of this Agreement.

 

12.

OTHER SERVICES

 

The Contactor will be free to perform consulting and other services to the Contractor's other clients during the term of this Agreement, provided however, that the Contractor shall ensure that the Contractor is able to perform the Services pursuant to this Agreement in a timely and professional fashion. The Contractor agrees not to perform services for the Contractor's other clients, which may create a conflict of interest or interfere with the Contractor's duties pursuant to this Agreement.

 

13.

TERMINATION

 

     a.   In the event that the Contractor breaches this Agreement, or otherwise fails to perform the Services in accordance with the terms of this Agreement, the Client may terminate this Agreement immediately and without notice for cause. Either party may terminated this Agreement at any time, without cause or reason, upon giving two weeks advance written notice to the other.

 

     b.   Compensation upon termination. Except as provided in section 13.a) with respect to termination, Contractor shall be entitled to the following payments, if any, upon the termination of his employment by the Client.

 

          i.   Misconduct: In the event Contractor is terminated by the Client for misconduct, Contractor shall not be entitled to any compensation other than Services and Incentive Compensation accrued through the date of termination.

 

          ii.  Resignation: In the event Contractor resigns from the Client voluntarily, Contractor shall be entitled to receive Contractor's then current Service Fees and Incentive Compensation accrued through the effective date of termination.

 

          iii. With Cause: In the event Contractor is terminated by the Client for Cause, the Contractor shall not be entitled to any compensation other than Services and incentive Compensation accrued through the date of termination.

 

          iv.  Without Cause: In the event Contractor is terminated by the Client without cause prior to the expiration of the Initial Term, the Client shall pay to Contractor, Contractor's then current monthly Service Fee pro rated as of the date of termination, and an employment agreement cancellation fee ("Employment Cancellation Fee") equal to the greater of (i) the sum of (a) the balance of Contractor's monthly Service Fee for the remainder of the Initial Term, and (b) the average of the annual Incentive Compensation received by Contractor prior to the date of termination for each year or portion thereof remaining in the Initial Term or, in the event Contractor's employment is terminated prior to the expiration of the first full calendar year during the Initial Term, the Incentive Compensation to which Contractor would otherwise be entitled to receive with respect to such calendar year, t o be calculated within fifteen (15) days after completion of such calendar year and payable on or before thirty (30) days after completion of such calendar year, for each year or portion thereof remaining in the Initial Term. In the event Contractor is terminated by the Client without cause after the expiration of the Initial Term, the Client shall pay to Contractor the current monthly Service Fee pro rated as of the date of termination and the Termination Fee calculated in accordance with section 3.a) of this Agreement.

 

          v.   Stock Redemption: in the event Contractor resigns or is being terminated, without cause, the Client has a fifteen (15) day first right of refusal to redeem the Clients common stock issued to the Contractor. The redemption price shall equal $1.00 per share or the previous seven (7) days average trading price, as determined by the NASD'S OTCBB, which ever is greater.

 

14.

GOVERNING LAW

 

This agreement shall be governed by the laws of the State of California applicable therein.

 

15.

SEVERABILITY

 

If any provision of this Agreement, or the application of such provision to any person or in any circumstance, shall be determined to be invalid, illegal or unenforceable, the remaining provisions of this Agreement, and the application of such provision to any person or in any circumstances other than that to which it is held to be invalid, illegal or unenforceable, shall not be affected thereby.

 

16.

AMEMDMENTS

 

Any amendment to this Agreement must be in writing and signed by both parties hereto.

 

17.

INDEMNIFICATION

 

This is the entire Agreement between the Client and the Contractor with respect to the consulting services to be provided by the contractor to the Client and supersedes any prior agreements with respects to such whether written oral.

 

18.

NOTICES

 

Notice hereunder shall be in writing and must be either personally delivered or sent by double registered mail to the address(es) set forth above. A party may change the address set forth above by the proper notice to the other.

 

19.

NO WAIVER

 

The failure of any party to insist upon the strict performance of a covenant or obligation hereunder, irrespective of the length of time for which such failure continues, shall not be a waiver of such party's right to demand strict performance in the future. No consent or waver, express or implied, to or of any breach or default in the performance of any covenant or obligation hereunder shall constitute a consent or waive to or of any other breach or default in the performance of the same of any other obligations hereunder shall constitute a consent or waiver to or of any other breach or default in the performance of the same or of any other breach or default in the performance of the same or of any other obligations hereunder.

 

20.

ASSIGNMENT

 

The Agreement is personal in nature and may not be assigned by either party hereto.

 

21.

INUREMENT

 

This Agreement shall be binding upon and shall inure to the benefit of each of the parties hereto and their respective Contractors and permitted receivers, successors and assigns.

 
 

IN WITNESS WHEREOF THE PARTIES HERETO HAVE SIGNED THIS AGREEMENT AS OF THE DAY AND YEAR FIRST ABOVE WRITTEN.

 
 

WORLDTRADESHOW.COM, INC.

 
 

Per:

/s/  Sheldon Silverman
Sheldon Silverman
WORLDTRADESHOW.COM, INC.

   
 

/s/  Carlos Rosette
Carlos Rosette, Director

 

 

SCHEDULE "A"

 

Description of Services

 

Sheldon Silverman, CEO

 

Job descriptions:

 

1.

Oversee WorldTradeShow.com website marketing

2.

Oversee Internet Web Site Design integration

3.

Provide Recommendations for, marketing and promotion

4.

Meet broker dealer, fund managers, angel investors

5.

Act as a liaison between board members

6.

Act as a Liaison between USA and Mexico and Vietnam offices

7.

Review audits, keep the company compliant as per SEC

8.

Bring possible mergers or acquisitions to the Company

9.

Help to bring the company out of a going concern and become profitable

EX-99 4 wtsw8ka2080106exh992a.htm PREPARED BY: MHUEBOTTER@HOTMAIL.COM

EXHIBIT 99.2A

 
 

INDEPENDENT CONTRACTORS AGREEMENT

 
 

THIS AGREEMENT IS DATED THE 1st DAY OF August 2006

 

BETWEEN:

 

CARLOS ROSETTE

Blvd. Benito Juarez No. 1207-1

Rosarito, Baja Mexico

(Herein called the "Contractor")

 

AND:

WorldTradeShow.com, Inc.

9449 Balboa Ave, Suite 114

San Diego, CA 92123

(Herein the "Client")

 

Whereas the Client desires to engage the Contractor to provide services to the Client for the terms of this Agreement and the Contractor has agreed to provide such services, all in consideration and upon the terms and conditions contained herein.

 

NOW THEREFORE IT IS HEREBY AGREED AS FOLLOWS:

 

1.

SERVICES

 

The Client agrees to engage the Contractor to provide the services described in Schedule "A" attached hereto and the contractor has agreed to perform and provide such services (collectively the "Services")

 

2.

TERMS

 

Except as otherwise provided in this Agreement, the Client agrees to engage the Contractor to provide the Services for a term commencing August 1, 2006 and ending upon the completion of the Services by July 31, 2007.

 

3.

FEE

 

The Client agrees to pay the Contractor a fee for the Services provided by the Contractor under the Agreement in the amount of $3,500.00 USD payable on the 30th of each month, a total amount per month of $3,500.00 USD. The total amount fee due to Contractor may be paid when upon the Client has sufficient funds to make the payment. Should cash flow not allow for payment of services, the amount due shall be accrued until cash flow permits. After 60 days of non-payment contractor has the option to accept the Client's common stock as payment. The shares of common stock issued shall be equate to one (1) shares for every one dollar ($1.00) of services fee payment due Contractor.

 

4.

EXPENSES

 

The Client shall pay for or reimburse the Contractor for all reasonable, ordinary and necessary expenses incurred by the Contractor in the ordinary course of performing the Services upon presentation of proper accounts, statements, invoices or receipts for such items.

 

5.

INDEPENDENT CONTRACTOR

 

The Contractor's relationship with the Client as created by this Agreement is that of an independent contractor. It is intended that the contractor shall have general control and direction over the manner in which its services are to be provided to the Client under this Agreement. Nothing contained in this Agreement shall be regarded or construed as creating any relationship (whether by way of employer/Contractor, agency, joint venture, association, or partnership) between the parties other than as an independent contractor as set forth herein.

 

6.

TIMES AND EFFORT

 

The Contractor shall be free to devote such portion of the Contractor's time, energy, effort and skill as the Contractor see fit, and to perform the Contractor's duties when and where the Contractor see fit, so long as the Contractor performs the Services set out in this Agreement in a timely and professional fashion.

 

7.

AUTHORITY

 

The Contractor acknowledges that it is being retained as a consultant to the Client and that as such it does not have the authority and cannot commit or bind the Client to any matter, contract or negotiation without prior written authorization of the Client.

 

8.

COMPLIANCE

 

     a.   The Contractor shall comply with all applicable federal, state and municipal laws, rules and regulations arising out of or connected with the performance of the Services under this Agreement by the Contractor.

 
 

     b.   The Contractor shall be responsible for all applicable Federal, State and Local taxes relating to or arising out of the fees paid to the Contractor under this Agreement and the Services performed by the Contractor. Payments relating to any of the above shall be the responsibility of the Contractor and shall be forwarded by the Contractor as appropriate, directly to the government agencies involved. Proof of compliance with this requirement shall be available to the Client upon request.

 

9.

KEY PERSON AND SUB-CONTRACTORS

 

The parties acknowledge that retaining sub contractors is integral to the successful performance of the Services by the Contractor under this Agreement. It is acknowledged by the Contractor the sub contractors will perform substantial portion of the Services, unless the Client otherwise consents in writing. The fees and expenses for the sub contractors shall be the responsibility of the Client.

 

10.

SUPPORT

 

The Client agrees to provide such assistance and make available such Contractors, office space and support to the Contractor as is reasonable necessary to enable the to Contractor perform the Services under this Agreement.

 

11.

CONFIDENTIAL INFORMATION

 

     a.   The Contractor acknowledges that certain of the material and information made available to the Contractor by the Client in the performance of the Services ("Confidential Information") will be of a confidential nature. The contractor recognizes that the Confidential Information is the sole and exclusive property of the Client, and the Contractor shall use its best efforts and exercise utmost diligence to protect and maintain the confidentiality of the Confidential Information. The Contractor shall not, directly or indirectly, use the Confidential information for its own benefit, or disclose to another any Confidential Information, whether or not acquired, learned, obtained or developed by the Contractor alone or in connection with, except as such disclosure or use may be required in connection with the performance of the Services or as may be consented to in writing by the Cli ent.

 

     b.   The Confidential Information is and shall remain the sole and exclusive property of the Client regardless of whether such information was generated by the Contractor or by others, and the Contractor agrees that upon termination of this Agreement it shall deliver promptly to the Client all such tangible parts of the Confidential Information including records, data, notes, reports, proposals, client list, correspondence, materials, marketing or sales information, computer programs, equipment, or other documents or property which are in the procession or under the control of the Contractor without retaining copies thereof.

 

     c.   Each of the foregoing obligations of the Contractor in this clause shall also apply to any confidential information of customers, joint venture parties, contractors and other entities, of any nature whatsoever, with whom the Client or any associate or affiliate of the Client has business relations.

 

     d.   Not with standing the foregoing provisions of this clause, the Contractor shall not be liable for the disclosure or use of any of the Confidential Information to the extent that:

 

          i.   The Confidential Information is or becomes available to the public from a source other than the Contractor and through no fault of the Contractor or:

 

          ii.  The Confidential Information is lawfully obtained by the Contractor from a third party or a source outside this Agreement.

 

          iii. The covenants and agreements contained in this clause shall survive the termination of this Agreement.

 

12.

OTHER SERVICES

 

The Contactor will be free to perform consulting and other services to the Contractor's other clients during the term of this Agreement, provided however, that the Contractor shall ensure that the Contractor is able to perform the Services pursuant to this Agreement in a timely and professional fashion. The Contractor agrees not to perform services for the Contractor's other clients, which may create a conflict of interest or interfere with the Contractor's duties pursuant to this Agreement.

 

13.

TERMINATION

 

     a.   In the event that the Contractor breaches this Agreement, or otherwise fails to perform the Services in accordance with the terms of this Agreement, the Client may terminate this Agreement immediately and without notice for cause. Either party may terminated this Agreement at any time, without cause or reason, upon giving two weeks advance written notice to the other.

 

     b.   Compensation upon termination. Except as provided in section 13.a) with respect to termination, Contractor shall be entitled to the following payments, if any, upon the termination of his employment by the Client.

 

          i.   Misconduct: In the event Contractor is terminated by the Client for misconduct, Contractor shall not be entitled to any compensation other than Services and Incentive Compensation accrued through the date of termination.

 

          ii.  Resignation: In the event Contractor resigns from the Client voluntarily, Contractor shall be entitled to receive Contractor's then current Service Fees and Incentive Compensation accrued through the effective date of termination.

 

          iii. With Cause: In the event Contractor is terminated by the Client for Cause, the Contractor shall not be entitled to any compensation other than Services and incentive Compensation accrued through the date of termination.

 

          iv.  Without Cause: In the event Contractor is terminated by the Client without cause prior to the expiration of the Initial Term, the Client shall pay to Contractor, Contractor's then current monthly Service Fee pro rated as of the date of termination, and an employment agreement cancellation fee ("Employment Cancellation Fee") equal to the greater of (i) the sum of (a) the balance of Contractor's monthly Service Fee for the remainder of the Initial Term, and (b) the average of the annual Incentive Compensation received by Contractor prior to the date of termination for each year or portion thereof remaining in the Initial Term or, in the event Contractor's employment is terminated prior to the expiration of the first full calendar year during the Initial Term, the Incentive Compensation to which Contractor would otherwise be entitled to receive wit h respect to such calendar year, to be calculated within fifteen (15) days after completion of such calendar year and payable on or before thirty (30) days after completion of such calendar year, for each year or portion thereof remaining in the Initial Term. In the event Contractor is terminated by the Client without cause after the expiration of the Initial Term, the Client shall pay to Contractor the current monthly Service Fee pro rated as of the date of termination and the Termination Fee calculated in accordance with section 3.a) of this Agreement.

 

          v.   Stock Redemption: in the event Contractor resigns or is being terminated, without cause, the Client has a fifteen (15) day first right of refusal to redeem the Clients common stock issued to the Contractor. The redemption price shall equal $1.00 per share or the previous seven (7) days average trading price, as determined by the NASD'S OTCBB, which ever is greater.

 

14.

GOVERNING LAW

 

This agreement shall be governed by the laws of the State of California applicable therein.

 

15.

SEVERABILITY

 

If any provision of this Agreement, or the application of such provision to any person or in any circumstance, shall be determined to be invalid, illegal or unenforceable, the remaining provisions of this Agreement, and the application of such provision to any person or in any circumstances other than that to which it is held to be invalid, illegal or unenforceable, shall not be affected thereby.

 

16.

AMEMDMENTS

 

Any amendment to this Agreement must be in writing and signed by both parties hereto.

 

17.

TIME OF ESSENCE

 

Time shall be of essence in this Agreement.

 

18.

INDEMNIFICATION

 

This is the entire Agreement between the Client and the Contractor with respect to the consulting services to be provided by the contractor to the Client and supersedes any prior agreements with respects to such whether written oral.

 

19.

NOTICES

 

Notice hereunder shall be in writing and must be either personally delivered or sent by double registered mail to the address(es) set forth above. A party may change the address set forth above by the proper notice to the other.

 

20.

NO WAIVER

 

The failure of any party to insist upon the strict performance of a covenant or obligation hereunder, irrespective of the length of time for which such failure continues, shall not be a waiver of such party's right to demand strict performance in the future. No consent or waver, express or implied, to or of any breach or default in the performance of any covenant or obligation hereunder shall constitute a consent or waive to or of any other breach or default in the performance of the same of any other obligations hereunder shall constitute a consent or waiver to or of any other breach or default in the performance of the same or of any other breach or default in the performance of the same or of any other obligations hereunder.

 

21.

ASSIGNMENT

 

The Agreement is personal in nature and may not be assigned by either party hereto.

   

22.

INUREMENT

 

This Agreement shall be binding upon and shall inure to the benefit of each of the parties hereto and their respective Contractors and permitted receivers, successors and assigns.

 
 

IN WITNESS WHEREOF THE PARTIES HERETO HAVE SIGNED THIS AGREEMENT AS OF THE DAY AND YEAR FIRST ABOVE WRITTEN.

 
 

WORLDTRADESHOW.COM, INC.

 

Per:

/s/  Sheldon Silverman
Sheldon Silverman
WORLDTRADESHOW.COM, INC.

   

Sheldon Silverman

   
   

Per:

/s/  Carlos Rosette
Carlos Rosette, Director
WORLDTRADESHOW.COM, INC.

 
 

 

SCHEDULE "A"

 

Description of Services

 

Carlos Rosette, Director

 

Job descriptions:

 

1.

Oversee Mexican website marketing

2.

Oversee Internet Web Site Design integration

3.

Provide Recommendations for, marketing and promotion in Mexico

4.

Meet broker dealer, fund managers, angel investors

5.

Act as a liaison between board members

6.

Act as a Liaison between USA and Mexican offices

EX-99 5 wtsw8ka2080106exh993.htm PREPARED BY: MHUEBOTTER@HOTMAIL.COM

Chang G. Park, CPA, Ph. D.

t 371 E St. t CHULA VISTA, CALIFORNIA 91910 t
TEL (619) 691-1566 t DIRECT (858) 722-5953 t FAX (858) 408-2695
t
E-Mail
changgpark@gmail.com

___________________________________________________________________________

 

 

 

April 5, 2007

 

United States Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street, N.W.
Washington, D.C: 20549

 

Dear Sir or Madam:

 

We have read Item 4.02 Form 8-K filed on April 4th, 2007 of Worldtradeshow.Com, Inc., and are in agreement with the disclosures made therein.

 

If you have any questions or need additional information, please call me at (619) 691-1566.

 

Sincerely,

 

 

/s/ Chang G. Park
__________________________________________
Chang G. Park, CPA

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