CMG HOLDINGS, INC.
EXECUTIVE EMPLOYMENT AGREEMENT
THIS EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is made between CMG Holdings, Inc.
, a Nevada corporation (the “Company”) located at 5601 Biscayne Blvd, Miami Florida 33137, and James J.
Ennis, (the “Executive”) (collectively sometimes referred to as the “Parties” and individually sometimes referred to
as “Each Party”). Unless other indicated, all references to Sections are to Sections in this Agreement. This
Agreement is effective as of the “Effective Date” set forth in Section 14 below.
WHEREAS , the Company desires to obtain the services of Executive, and Executive desires to be employed
by the Company upon the terms and conditions hereinafter set forth;
NOW THEREFORE, in consideration of the premises, the agreements herein contained and other good and
valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as of the date hereof as
The Company hereby agrees to employ the Executive, and Executive hereby agrees to serve the
Company, as Chief Operating Officer of the Company (‘Period of Employment”), and Director of the
Company for a period of seventy-two (72) months beginning on the Effective Date, January 1,
2010. This Agreement is automatically renewable for successive on-year terms. Executive or the
Company shall provide the other with written notice of non-renewal at least thirty (30) days, but not more
than sixty (60) days, before the end of the period of Employment.
During the Employment, the Company shall provide compensation to Executive as follows:
1. Employment .
2. Scope of Employment:
(a) During the Employment, Executive will serve as Chief Operating Officer of the Company. In that
connection, Executive will (i) devote his time, full time attention and energies to the business of the
Company and will diligently and to the best of his ability perform all duties incident to his employment
hereunder; (ii) use his best effo