Document:

Exhibit 10.2 - Office Sublease.

Exhibit 10.2

 

August 31, 2006

Global Green Solutions Inc.

c/o 880 - 609 Granville Street

PO Box 10321

Vancouver, BC

V7Y 1G5

Attention:     Mr. Elden Schorn

Dear Sirs:

Re: Office Sublease

You wish to extend your sublease agreement with MCSI Consulting Services Inc. This letter agreement sets out the terms and conditions of the amended sublease arrangement. As follows:

	
Subleased Premises
	
The offices marked on the attached plan with 24 hour, 7 day a week access.

	 	 
	
Term
	
The original sublease agreement was effective March 15, 2006 and was terminated effective August 31, 2006. This amended sublease commences effective September 1, 2006 and is for two months, September and October 2006. 

	 	 
	
Rent
	
You are to prepay monthly rent of C $1,000 plus applicable taxes by the beginning of each month, without any right of setoff.

	 	 
	
Security Deposit
	
Your security deposit of C $800 made in April 2006 will be returned after your offices are vacated. We reserve the right to apply this deposit to remove equipment, make repairs to the Subleased Premises in order to return the Subleased Premises to their original condition and to cover any unpaid amounts due in respect of Rent or Extras.

	 	 
	
Extras
	
We will charge you for disbursements such as courier, postage, photocopying and laser printing and colour printing, long distance telephone, fax, lost keys, cost of re-keying the MCSI premises if you lose a key, and security passes. We will also charge you for secretarial and administrative services at our standard hourly rates in effect from time to time (currently $30 per hour to $75 per hour, depending on the personnel used). You are to pay these charges within five business days of our presenting the invoice, without right of setoff.

	 	 
	
Telephone

 

	
You may continue having your own telephone line(s) connected to our telephone system, or to bypass our system; however, you must arrange to have it disconnected at the appropriate time. You may use the MCSI phone number, for which we will charge you a portion of our connection costs and specific long distance charges.  

 

 

 

Global Green Solutions Inc.

August 31, 2006

Page 2 of 4

 

	
Supplies and incidentals
	
You are to provide your own supplies and incidentals, although you may order them through us and we will charge you at our cost.

	 	 
	
Insurance

 

	
Our insurance does not cover your property and might not cover general liability associated with you and your business; accordingly you should obtain your own insurance. For reasons beyond our control, it may become mandatory for you to obtain your own insurance. We reserve the right to make this change to your obligations, if required by our insurer or landlord. 

We have the following obligations to you:

	 	
*  
	
We will provide you with access to the Subleased Premises, coffee room, Internet, photocopier, fax machine and telephone lines.

	 
	
 
	
* 
	
We will provide access to our boardroom and meeting room on a first-come first-served basis. Please bear in mind that, to be fair to others, on average each office will have approximately one hour per day of such access.

	 
	
 
	
* 
	
We will provide reception service between 8:30 and 5:00 on business days, subject to short-term interruptions caused by staff scheduling issues.

We are dependent on our suppliers for some of the services offered and therefore we do not bear any responsibility for losses you may suffer if these services become unavailable due to problems caused by our suppliers or by short-term equipment system failure. 

We are not responsible for any loss you may incur due to breaches of computer security, whether caused by MCSI, other subtenants or third parties. We recommend that you connect your computer to our network through a firewall to reduce the vulnerability of your system to malicious attacks.

In addition to the above, you have the following obligations to us. If you fail to abide by these obligations, we may immediately terminate this sublease arrangement.

	 	
* 
	
You will keep the Subleased Premises in good repair, and in a clean and tidy condition, free from matter that we, in our sole discretion, consider offensive.

	 
	
 
	
* 
	
You will leave our kitchen area, boardroom and meeting room in a clean and presentable condition after you have used them.

	 
	
 
	
* 
	
You will abide by our office rules and the requirements of our landlord that may be in effect from time to time as set out in MCSI's lease agreement with our landlord.

 

 

 

 

Global Green Solutions Inc.

August 31, 2006

Page 3 of 4

 

	 	
* 
	
You will maintain current antivirus software on any computers that are plugged in to our network, perform frequent system scans and update your computer operating system regularly. We maintain the right to conduct periodic system tests in this regard.

	 
	 	
* 
	
You will not conduct business that we, in our sole discretion, consider to be offensive.

	 
	 	
* 
	
You will use proper care to ensure that keys to the suite and building security passes are not labelled, mislaid or lent to persons not specified in our log of authorized key and pass holders. You will promptly inform us if keys or passes are mislaid and will be liable for re-keying costs if we conclude that it is necessary to re-key the suite.

	 
	 	
* 
	
You will respect the privacy and confidentiality of MCSI, its clients, its personnel and other subtenants.

You may, at your own cost, arrange to change the locks on your office door. This must however be done in conjunction with the landlord to ensure emergency access to the Subleased Premises, and you must provide a copy of the new key to us.

Yours truly,

MCSI Consulting Services Inc.

 

TRACY A. MOORE

Tracy A. Moore

President

_____________________________________________________________________________________________________________

We agree with the above terms. 

Global Green Solutions Inc.

ELDEN SCHORN

Elden Schorn, Director and CEO

 

 

 

Global Green Solutions Inc.

August 31, 2006

Page 4 of 4Exhibit 10.3 - Consulting Agreement with MCSI.

Exhibit 10.3

GLOBAL GREEN SOLUTIONS INC.

609 Granville Street - Suite 880

PO Box 10321 Pacific Centre

Vancouver, BC

Canada  V7Y 1G5

August 1, 2006

MCSI Consulting Services Inc.

609 Granville Street - Suite 880

PO Box 10321 Pacific Centre

Vancouver, BC

Canada  V7Y 1G5

Attention:  Mr. Tracy Moore

Dear Sirs:

Re: Corporate Finance Services agreement and Office Sublease agreement, both dated March 22, 2006 and executed April 27, 2006

In reference to the subject agreements between MCSI Consulting Services Inc. ("MCSI") and Global Green Solutions Inc. ("GGSI"), it is agreed as follows:

*     The agreements will terminate on August 31, 2006 in accordance with the written notice delivered by GGSI to MCSI on July 31, 2006.

*     Subject to MCSI's signed acceptance of all terms outlined in this letter, GGSI agrees to the following:

i.     In addition to the regular advisory fee and rent for August, 2006, receipt of which is hereby acknowledged, a further and final payment for advisory services totaling $6,000.00 USD plus GST will be made by GGSI to MCSI no later than August 31, 2006.

ii.     GGSI will grant MCSI a further 50,000 options to purchase common shares of GGSI with an exercise price of $0.50 USD which will vest immediately, giving MCSI a total of 100,000 fully vested options to purchase common shares of GGSI with an exercise price of $0.50 USD per share. All options are valid and may be exercised up to one year from today's date. 

*     GGSI's deposit of $800 CAD paid to MCSI in April, 2006 will be returned in full no later than August 31, 2006.

*     MCSI may charge for disbursements incurred on behalf of GGSI to August 31, 2006.

*     Other than as noted above, no additional fees, amounts, or options will be due from GGSI to MCSI or vice versa.

*     MCSI consents to Arnold Hughes providing CFO or other services to GGSI or any other person introduced directly or indirectly by MCSI to Arnold Hughes.

Initial:   MES     TM

 

Re: Corporate Finance Services agreement and Office Sublease agreement, both dated March 22, 2006 and executed April 27, 2006

 

If you are in agreement with the terms as outlined above, please sign below.

 

Yours truly,

Global Green Solutions Inc.

 

 

ELDEN SCHORN

Elden Schorn, Director

 

We agree with the terms set out in this letter and this now constitutes the entire agreement between GGSI and MCSI.

	
MCSI Consulting Services Inc.

	 
	 
	 
	 
	 
	
TRACY A. MOORE 
	
August 1, 2006

	
Tracy A. Moore, President
	
Date

 

 

 

 

 

 

 

 

 

Page 2 of 2<PAGE>

Exhibit 4.1

                         2006 STOCK COMPENSATION PLAN I

         THIS STOCK COMPENSATION PLAN I adopted this 1st day of October, 2006,
by MIRACOR DIAGNOSTICS, INC., a Utah corporation with its principal place of
business being located at 9191 Towne Centre Drive - Suite 400, San Diego,
California 92122.

                                   WITNESSETH:

         WHEREAS, the Board of Directors of Miracor Diagnostics, Inc., (the
"Company") has determined that it would be to its advantage, and in its best
interests, to grant certain consultants and advisors, as well as certain
employees the opportunity to purchase stock in the Company as a result of
compensation for their service; and

         WHEREAS, the Board of Directors (the "Board") believes that the Company
can best obtain advantageous benefits by issuing stock to such designated
individuals from time to time.

         NOW THEREFORE, the Board adopts this as the 2006 Stock Compensation
Plan I (the "Plan").

1.00     EFFECTIVE DATE AND TERMINATION OF PLAN
         --------------------------------------

         The effective date of the Plan is October 1, 2006, which is the day the
Plan was adopted by the Board. The Plan will terminate on the earlier of the
date of the grant of the final option for last common stock allocated under the
Plan or five years from the date thereof, whichever is earlier.

2.00     ADMINISTRATION OF PLAN
         ----------------------

         The Plan shall be administered by the Board, which may adopt such rules
and regulations for its administration as it may deem necessary or appropriate,
or may be administered by a Compensation Committee to be appointed by the Board,
to have such composition and duties as the Board may from time to time
determine.

3.00     ELIGIBILITY TO PARTICIPATE IN THE PLAN
         --------------------------------------

         3.01 Subject to the provisions of the Plan, the Board, or its designee,
shall determine and designate, from time to time those consultants, advisors,
and employees of the Company, or consultants, advisors, and employees of a
parent or subsidiary corporation of the Company, to whom shares are to be issued
hereunder and the number of shares to be issued from time to time to any
individual or entity. In determining the eligibility of an individual or entity
to receive shares, as well as in determining the number of shares to be issued
to any individual or entity, the Board, or its designee, shall consider the
nature and value to the Company for the services which have been rendered to the
Company and such other factors as the Board, or its designee, may deem relevant.

                                       1

<PAGE>

         3.02 To be eligible to be selected to receive stock, an individual must
be a consultant, advisor or an employee of the Company or a consultant, advisor,
or an employee of a parent or subsidiary Corporation of the Company. The
issuance of stock shall be confirmed by the action of the Board or its designee.
Shares shall be issued directly to such entities.

         3.03 Stock may be issued to any individual or entity eligible
hereunder, regardless of his previous stockholdings.

         3.04 The issue price of the stock for which any person may be issued
under this Plan (and all other plans of the Company) may be increased or reduced
by the Board, or its designee, from time to time.

4.00     NUMBER OF SHARES SUBJECT TO THE PLAN
         ------------------------------------

         4.01. The Board, shall reserve for the purposes of the Plan a total of
one million (1,000,000) of the authorized but unissued shares of common
shares of the Company.

5.00     PRICE OF COMMON SHARES
         ----------------------

         5.01. The initial and standard price per share of common stock to be
issued directly shall be $.20 per share but may be changed in each case by the
Board, or its designee, from time to time. If the share price is changed, the
Board, or its designee, shall determine the share price no later than the date
of the issuance of the shares and at such other times as the Board, or its
designee, deems necessary. The Board shall have absolute final discretion to
determine the price of the common stock under the Plan. In the absence of such
specific determination, the share price will be $.20 per share.

6.00     RESTRICTIONS ON TRANSFER
         ------------------------

         6.01 No right or privilege of any person under the Plan shall be
transferable or assignable, except to the person's personal representative in
the event of the person's death, and except as provided in Section 6.02, the
right to receive stock granted hereunder is exercisable only by the person
during his life.

         6.02 If an person dies holding the right to receive stock to be issued
pursuant to this Plan, his personal representative shall have the right to
exercise such right for only within one year after the date of the death of the
person.

                                       2

<PAGE>

7.00     RECLASSIFICATION, CONSOLIDATION OR MERGER
         -----------------------------------------

         If and to the extent that the number of issued shares of common stock
of the Company shall be increased or reduced by change in par value, split-up,
reclassification, distribution of a dividend payable in stock, or the like, the
number of shares subject to direct issuance and the price thereof per share
shall be proportionately adjusted. If the Company is reorganized or consolidated
or merged with another corporation, the person shall be entitled to receive
direct issuance covering shares of such reorganized, consolidated, or merged
company in the same proportion, at an equivalent price, and subject to the same
conditions.

8.00     DISSOLUTION OR LIQUIDATION
         --------------------------

         Upon the dissolution or liquidation of the Company, the rights granted
hereunder shall terminate and become null and void, but the person shall have
the right immediately prior to such dissolution or liquidation to exercise any
right granted and exercisable hereunder to the full extent not before exercised.

9.00     BINDING EFFECT
         --------------

         This Plan shall inure to the benefit of and be binding upon the Company
and its employees, and their respective heirs, executors, administrators,
successors and assigns.

10.00    ADOPTION OF PLAN
         ----------------

         This Plan has been duly adopted by the Board of Directors of the
Company on October 1, 2006.

11.00    NOTICES
         -------

         Any notice to be given to the Company under the terms of this plan
shall be addressed to such address as is set forth on the first page hereof.

         IN WITNESS WHEREOF, the Company has caused this Plan to be executed on
its behalf by its President, to be sealed by its corporate seal, and attested by
its Secretary effective the day and year first above written.

                                          MIRACOR DIAGNOSTICS, INC.

                                          By /s/ Ross S. Seibert
                                             --------------------------
                                             Chief Executive Officer
ATTEST:

/s/ Leslie G. Weber
---------------------------
Secretary
(SEAL)

                                       3

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