Document:

ex10-1.htm

    Exhibit 10.1

    
 

    CONSULTING
AGREEMENT

    

    This
Consulting Agreement (this “Agreement”), effective as of April 9, 2008, is
entered by and between Theater Xtreme Entertainment Group, Inc, a Florida
corporation (the “Company”), and Draco Financial LLC, a Florida limited
liability company (“Consultant”) (together the “Parties”).

    

    RECITALS

    

    WHEREAS,
Consultant has experience in the area of corporate finance, investor
communications, and financial and investor public relations;

    

    WHEREAS,
Consultant has been providing services to the Company since March 4, 2008 (the
“Service Commencement Date”) without a written agreement; and

    

    WHEREAS,
the Company desires to formalize its existing business relationship with the
consultant and to enter an agreement to further engage the services of
Consultant to assist and consult with the Company in matters concerning
corporate finance, investor communications and public relations with existing
shareholders, brokers, dealers, and other investment professionals as to the
company’s current and proposed activities;

    

    NOW
THEREFORE, in consideration of the premises and the mutual covenants and
agreements herein set forth, and intending to be legally bound, the Company and
Consultant agree as follows:

    

    
      	
              1.  

            	
              Term of
      Consultancy. The Company engages Consultant to act in a consulting
      capacity to the Company, and the Consultant agrees to continue providing
      services to the Company until December 31, 2008 (the “term of this
      Agreement.”)

            

    

    
      	
              2.  

            	
              Duties of
      Consultant. The Consultant will generally provide the following
      specified consulting services (the “Services”) through its officers and
      employees during the term of this
Agreement:

            

    

    

    
      	
              A.  

            	
              Advise
      and assist the Company in developing and implementing appropriate plans
      and material for presenting the Company and its business plans, strategy
      and personnel to the financial community, and creating the foundations for
      subsequent financial public relations
efforts;

            

    

    
      	
              B.  

            	
              Introduce
      the Company to the financial
community;

            

    

    
      	
              C.  

            	
              With
      the cooperation of the Company, maintain an awareness during the term of
      this Agreement of the Company’s plans, strategy, and personnel, as they
      may evolve during such period, and advise and assist the Company in
      communicating appropriate information regarding such plans, and personnel
      to the financial community;

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              D.  

            	
              Assist
      and advise the Company with respect to its (i) stockholder and investor
      relations, (ii) relations with broker dealers, analysts and other
      investment professionals, and (iii) financial and media public relations
      generally;

            

    

    
      	
              E.  

            	
              Perform
      the functions generally assigned to investor/stockholder relations
      departments in major corporations, including responding to telephone and
      written inquiries (which may be referred to the Consultant by the
      Company); assisting in the preparation of press releases for the Company
      with the Company’s involvement and approval for reviewing press releases,
      reports and other communications with or to shareholders, the investment
      community, and the general public; advising with respect to the timing,
      form, distribution, and other matters related to such releases, reports
      communications, and consulting with respect to corporate symbols, logos,
      names, the presentation of such symbols, logos, and names, and other
      matter relating to corporate image.

            

    

    
      	
              F.  

            	
              Upon
      receipt of the Company’s approval, disseminate information (media kit)
      regarding the Company to shareholders, broker’s dealers and other
      investment community professionals and the general investing
      public.

            

    

    
      	
              G.  

            	
              Upon
      receipt of the Company’s approval, conduct meetings in person or by
      telephone, with brokers, dealers, analysts, other investment professionals
      and the general investing public.

            

    

    
      	
              H.  

            	
              At
      the Company’s request, review business plans, strategies, mission
      statements, budgets, proposed transactions and other plans for the purpose
      of advising the Company of the investment community implications thereof;
      and

            

    

    
      	
              I.  

            	
              Otherwise
      perform as the Company’s financial relations and public relations
      consultant.

            

    

    

    
      	
              3.  

            	
              Allocation of Time and
      Energies. The Consultant will perform the Services in a
      professional manner in accordance with accepted industry standards and in
      compliance with applicable securities laws and regulations. Although no
      specific hour-per-day requirement will be required, the parties
      acknowledge and agree that a disproportionately large amount of the effort
      to be extended and the costs to be incurred by the Consultant and the
      benefits to be received by the Company are to be expected to occur upon
      and shortly after, and in any event, within two months of the
      effectiveness of this Agreement. It is explicitly understood that
      Consultants performance of its duties hereunder will in no way be measured
      by the price of the Company’s common stock, nor the trading volume of the
      Company’s common stock.

            

    

    
      	
              4.  

            	
              Remuneration.
      As full and complete compensation for the Consultant’s agreement to
      perform the Services, the Company shall compensate the Consultant as
      follows:

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              A.  

            	
              For
      undertaking this engagement and in full consideration of the services to
      be provided by the Consultant hereunder and the services provided since
      the Service Commencement Date, the Company agrees to issue and deliver to
      the Consultant a “Commencement Bonus” payable in the form of 500,000
      shares of restricted Common Stock of the Company. This Commencement Bonus
      shall be issued to the Consultant immediately following execution of the
      Agreement and shall, when issued to the Consultant be fully paid and non
      assessable. The Company understands and agrees that engagement and the
      Company derives substantial benefit from the execution of this Agreement
      and the ability to establish its relationship with the Consultant. The
      consideration issued as a Commencement Bonus, therefore, constitutes
      payment for Consultant’s agreement to continue consulting with the Company
      in accordance with the terms
hereof.

            

    

    
      	
              B.  

            	
              All
      Common Stock issued pursuant to this Agreement shall be issued in the name
      of Consultant.

            

    

    

    
      	
              5.  

            	
              Expenses.
      Consultant agrees to pay for all its expenses (phone, labor, etc.), other
      than extraordinary items for which the Company will reimburse Consultant.
      Such extraordinary items include travel and entertainment required by/or
      specifically requested by the Company, luncheons or dinners for large
      groups of investment professional, mass faxing to a sizable percentage of
      the Company’s constituents, investor conference call, print advertisement
      in publications and like expenses approved by the Company prior to its
      incurring an obligation for
reimbursement.

            

    

    
      	
              6.  

            	
              Indemnification.
      The Company agrees to indemnify and hold Consultant harmless from and
      against any losses, damages, or liabilities related to or arising out of
      Consultant’s engagement, and will reimburse Consultant for all reasonable
      expenses (including reasonable counsel fees) as they are incurred by
      Consultant in connection with investigating, preparing for, or defending
      any action or claim related thereto, whether or not in connection with
      pending or threatened litigation in which Consultant is a party. The
      Company will not, however, be responsible for any actions, claims,
      liabilities, losses, damages, liabilities related to, and other equitable
      considerations; provided, however, that in no event shall the amount to be
      contributed by the Consultant exceed the amounts actually received by
      Consultant. The foregoing shall be in addition to any rights that
      Consultant may have at common law or otherwise and shall extend upon the
      same terms to inure to the benefit or and director, officer, employee,
      agent or controlling person
Consultant.

            

    

    
      	
              7.  

            	
              Representations and
      Warranties.

            

    

    

    
      	
              A.  

            	
              The
      Company warrants and represents that all oral communications, written
      documents or materials furnished to Consultant are accurate, and the
      Consultant warrants and represents that all communications by Consultant
      with the public 

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	with
      respect to the financial affairs, operations, profitability, and strategic
      planning of the Company will be in accordance with information provided to
      it by the Company. Consultant represents that it is not required to
      maintain any licenses and registrations under federal or any state
      regulations necessary to perform the services set forth herein. Consultant
      acknowledges that to the best of its knowledge. Consultant and its
      officers and directors are not the subject of any investigation, claim
      decree, or judgment involving any violations of the SEC or securities
      laws.

    

     

    
      	
              B.  

            	
              Consultant
      represents and warrants to the Company that (i) Consultant is an
      “accredited investor” as that term is defined in Rule 501 of Regulation D
      under the Securities Act of 1933, as amended (the “Securities Act”), (ii)
      Consultant has reviewed the reports and other information filed by the
      Company since June 30, 2006 with the Securities and Exchange Commission
      (the “SEC”), which are available for review at www.sec.gov,
      and (iii) Consultant understands that the Commencement Bonus shares have
      not been registered with the SEC and therefore constitute restricted
      securities which may not be resold without registration under the
      Securities Act or an exemption therefrom, and (iv) Consultant did not
      learn of the opportunity to acquire the Commencement Bonus shares through
      any form of general solicitation or general
  advertising.

            

    

    
      	
              8.  

            	
              Statues as Independent
      Contractor. Consultant’s engagement pursuant to this Agreement
      shall be as independent contractor, and not as employee, officer or other
      agent of the Company. Neither party to this Agreement shall represent or
      hold itself out to be the employer or employee of the other. Consultant
      further acknowledges the consideration provided herein above is a gross
      amount of consideration and that the Company will not withhold from such
      consideration any amount for payment of income taxes and such payments
      shall be made or provided for by Consultant and the Company shall have no
      responsibility or duties regarding such matters. Neither the Company nor
      the Consultant possesses the authority to bind each other in any
      agreements without the express written consent on the entity to be
      bound.

            

    

    
      	
              9.  

            	
              Waiver. The
      waiver by either party of a breach of any provision of this agreement by
      the other party shall not operate or be construed as a waiver of any
      subsequent breach by such other
party.

            

    

    
      	
              10.  

            	
              Notices. All
      notices, requests, and other communications hereunder shall be deemed to
      be duly given if sent by U.S. mail, postage, prepaid, addressed to the
      other party at the address set forth herein
  below:

            

    

    

    
      	
              Draco
      Financial

            	
              Theater
      Xtreme Entertainment Group

            
	
              1101
      N. Lake Destiny Rd.

            	
              250
      Corporate Blvd

            
	
              Suite
      125

            	
              Suite
      E

            
	
              Maitland,
      FL 32751

            	
              Newark,
      DE 19702

            
	 
      	
              Attn:
      CFO

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Either
party may change address to which notices for it shall be addressed by providing
notice of such change to other party in the manner set forth in this
paragraph.

    

    
      	
              11.  

            	
              Choice of Law,
      Jurisdiction, and Venue. This Agreement shall be governed by,
      construed, and enforced in accordance with the internal laws of the State
      of Florida, without giving effect to its conflict of laws choice of law
      principals.

            

    

    
      	
              12.  

            	
              The
      parties agree that all disputes between them of any nature whatsoever
      shall be resolved in Orlando, FL via binding arbitrations before either
      the American Arbitration Association (www.adr.org) or
      JAMS (www.jamsadr.org),
      whichever the Company prefers. The arbitrator shall have the power to
      decide all matter, including arbitrarily, but must decide all disputes in
      accordance with Florida law. The Parties choose arbitration because it is
      usually faster and less expensive than litigations, and it will allow the
      Parties to resolve their disputes privately. The arbitrator shall allow
      limited discovery to allow the Parties to present our respective cases,
      but shall be mindful of the Parties’ desire to avoid the expense of broad
      discovery typically allowed in
litigation.

            

    

    
      	
              13.  

            	
              Complete
      Agreement. This Agreement contains the entire agreement of the
      parties relations to the subject matter hereof. This Agreement and its
      terms may not be changed orally but only by an agreement in writing signed
      by the party against whom enforcement of any waiver, change, modification,
      extension, or discharge is sought.

            

    

    

    [SIGNATURE
PAGE FOLLOWS]

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    

    

    AGREED
TO:

    

    

    

    
      	
              “The
      Company”

            	
              Theater
      Xtreme Entertainment Group, Inc.

            
	 
      	 
      	 
      
	
              Date:    4/9/2008

            	
              By:

            	
              /s/ Robert Oberosler

            
	 
      	 
      	
              Robert
      Oberosler

            
	 
      	 
      	
              Chairman
      and CEO

            
	 
      	 
      	
              &
      Its Duly Authorized Officer

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              “Consultant”

            	
               Draco
      Financial, LLC.

            
	 
      	 
      	 
      
	
              Date:   4/9/2008
      

            	
               By:

            	
              /s/ Rick Esquivel

            
	 
      	 
      	
              Rick
      Esquivel, CEO

            
	 
      	 
      	
              &
      Its Duly Authorized OfficerUnassociated Document

Exhibit 10.1

     

    RESCISSION
AGREEMENT PERTAINING TO

    ACQUISITION
AGREEMENT

     

    THIS RESCISSION AGREEMENT PERTAINING
TO ACQUISITION AGREEMENT is made and entered into as of the 28th day of
December, 2007, by and among GLOBAL REALTY DEVELOPMENT CORP.
(“Global”), SMS TEXT
MEDIA, INC. (the “Company”), and ARIC GASTWIRTH (“Gastwirth”),
RICK CATINELLA
(“Catinella”), and ROY
A. SCIACCA (“Sciacca”) (Gastwirth, Catinella and Sciacca shall sometimes
hereinafter be referred to as the “Selling Stockholders”).

     

    W
I T N E S S E T H:

     

    WHEREAS, Global, the Company
and the Selling Stockholders entered into that certain ACQUISITION AGREEMENT
dated as of July 19, 2007 (the “Acquisition Agreement”); and

     

    WHEREAS, Global is not in a
position to fund its future obligations under the Acquisition Agreement and all
of the parties hereto now desire to rescind and unwind the Acquisition Agreement
and respectively return any and all stock, cash, personal property and other
consideration the parties may have delivered to each other previously under the
Acquisition Agreement in the same form and condition as received such that
Global, the Company and the Selling Stockholders shall each be returned to the
status quo of where they were prior to entry into of the Acquisition Agreement
so as to render the Acquisition Agreement and any and all actions previously
taken thereunder of no force and effect, all in accordance with and subject to
the terms and provisions more fully set forth below;

     

    NOW, THEREFORE, in
consideration of the above, the mutual covenants and agreements set forth below,
Ten Dollars ($10.00) and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto do hereby
incorporate the foregoing WHEREAS clauses into this Agreement as if fully set
forth herein and the parties do otherwise hereby covenant and agree as
follows:

     

    1. Rescission and Return of
Stock, Cash, Personal Property and Other Deliveries. Global, Company and
the Selling Stockholders do each hereby agree that the Acquisition Agreement is
hereby rescinded and unwound in its entirety and that each of them is to be
fully restored to the positions they were respectively in prior to entering into
the Acquisition Agreement and in connection therewith, each of Global and the
Selling Stockholders agrees to re-deliver to the other any and all stock, cash,
personal property and other consideration respectively received by it or them
under or in connection with the Acquisition Agreement. Specifically, but not by
way of limitation, the parties agree as follows:

     

    (a) The
Selling Stockholders hereby agree to deliver and return to Global all 10,000,000
shares of common stock of Global (the “Global Stock”) and the aggregate sum of
$1,253,500.71 which the Selling Stockholders have previously received from
Global pursuant to the Acquisition Agreement (notwithstanding the foregoing,
however, it is acknowledged by Global that $41,783.37 of the aforesaid
$1,253,500.71 sum has already been received and/or accounted for);
and

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    (b)
Global hereby agrees to deliver and return to the Selling Stockholders all of
the shares of Company common stock (the “Company Stock”) which was delivered, or
was to have been delivered, to Global by the Selling Stockholders pursuant to
the Acquisition Agreement.

     

    It is
also expressly understood and agreed by all of the parties hereto
that:

     

    (i) All of
the Company Stock is being held by Kennerly, Montgomery & Finley, P.C. (the
“Law Firm”) under and pursuant to the terms of the ESCROW AGREEMENT entered into
by the parties hereto and the Law Firm on July 20, 2007 and that the Escrow
Agent is hereby authorized and directed to return to the Selling Stockholders
all of the common stock of the Company held by the Law Firm under the Escrow
Agreement, such that, the Selling Stockholders shall be and become the sole
owners of all outstanding common stock in the Company and Global shall own none
of the common stock of the Company nor shall Global have any other rights or
interests therein or thereto or to any of the properties or assets of the
Company or to any distributions from the Company; and

     

    (ii) It is the
intent and understanding of all of the parties hereto that the Acquisition
Agreement and all transactions made, contemplated by, or entered into by the
parties pursuant thereto be completely and fully rescinded and unwound and that
each of Global, the Company and the Selling Stockholders be fully restored to
the respective positions they were each in prior to entering into the
Acquisition Agreement and/or the taking of any actions thereunder, and each of
Global and the Selling Stockholders hereby agrees to take such further actions
and engage in all further activities as may be necessary to accomplish this
intention and to fully restore to the other all stock, cash, property and other
consideration transferred between them pursuant to the Acquisition Agreement, so
that each party shall be in exactly the position he or it would have
respectively been in with respect to all matters covered by, and all actions
taken pursuant to the Acquisition Agreement just as if the Acquisition Agreement
had never been entered into. The parties agree that all of such rescissionary
and unwinding actions shall be effective as of the date of this Rescission
Agreement.

     

    2. Representations, Warranties
and Agreements as to Stock, Property and Materials.

     

    (a) Selling
Stockholders hereby agree to return all of the Global Stock to Global free and
clear of all liens, claims, pledges, security interests, hypothecations and
other encumbrances of every and any nature, and the Selling Stockholders agree
to take all actions as may be necessary to cause the Global Stock to be
delivered to Global in the condition warranted hereby.

     

    (b) Global
hereby agrees to return all of the Company Stock to the Selling Stockholders
free and clear of all liens, claims, pledges, security interests, hypothecations
and other encumbrances of every and any nature, and agrees to take all actions
and pursue all activities as shall be necessary to deliver the Company Stock to
the Selling Stockholders in the manner warranted herein. Specifically, but not
by way of limitation, Global hereby agrees that if and to the extent any of the
Company Stock was pledged as security to holders of 12% Senior Promissory Notes
issued by Global through or by way of Halpern Capital, Inc., Global
will:

    
      
        
           

        

         

      

      
        2

        
          

        

      

      
         

      

    

     

    (i) pay off
in full and satisfy each, every and all such 12% Senior Promissory Notes (the
“Senior Notes”) such that no indebtedness shall remain thereunder;
and

     

    (ii) cause the
holders of the Senior Notes to acknowledge that they have no rights of any kind
in or to the Company, any of its properties or assets, or the Company Stock, in
any manner, shape or form; and

     

    (iii) the
Selling Stockholders shall deliver the Global Stock, and Global shall deliver
the Company Stock and all required termination of collateral instruments, to the
Law Firm to hold in escrow pursuant to an Escrow Agreement in the form attached
hereto as Exhibit
A. Global shall deliver to the Law Firm all Stock duly endorsed in blank
such that the same can be immediately transferred to the Selling Stockholders
and effectively vest in the Selling Stockholders all shares of stock to be
received by Selling Stockholders. The Selling Stockholders shall deliver the
Global Stock to Escrow Agent with a Medallion Guarantee on the certificates or
Stock Power Medallion Guarantee for each certificate and executed transfer
instructions per Exhibit
B, such that the same can be immediately transferred to Global and
effectively vest in Global all of the Global Stock. All deliveries required to
be made hereunder shall be made to Law Firm on or before thirty (30) days
following the date of this Agreement.

     

    3.Additional
Acknowledgments.

     

    (a) Upon the
completion of the performance by all parties to this Agreement of their
respective obligations under this Agreement, each party hereto hereby releases
each other party hereto from any and all claims, liabilities and obligations
under, pursuant to, or in connection with the Acquisition Agreement and each
party hereto acknowledges that no party hereto shall have any further duties or
obligations to any other party hereto with respect to the transactions taken
pursuant to or contemplated by the Acquisition Agreement. The releases contained
herein shall be and become effective upon the date of the last performance of
any remaining duty or obligation under this Agreement. Notwithstanding the
foregoing, however, in the event any party shall fail to deliver any stock,
cash, property or other consideration, or to perform any duty, required to be so
delivered or performed by such party under or pursuant to this Agreement, then
the releases contained herein shall not become effective and each party shall
retain all rights and remedies available to it for or in respect of any breach
of this Agreement which such party has at law or in equity.

     

    (b) Assuming
the due performance by each party of such party’s duties and obligations under
this Agreement, it shall be the case that Global has no rights to receive any
distribution or monies from the Selling Stockholders or the Company, or any
property or assets of the Company, whether in respect of the Company Stock or
otherwise, and the Selling Stockholders shall have no rights to receive any
distributions or monies from or in respect of the Global Stock, from and after
the date of this Agreement. Notwithstanding the foregoing, however, in the event
any party shall fail to perform any of its duties or obligations under this
Agreement, the provisions of this paragraph shall not be effective and each
party shall retain all rights and remedies available to it, at law or in
equity.

    
      
        
           

        

         

      

      
        3

        
          

        

      

      
         

      

    

     

    4.Indemnification.

     

    (a)
Global hereby indemnifies each of the Selling Stockholders, and their respective
heirs, successors and assigns against, and agrees to defend and hold each of the
Selling Stockholders, and their respective heirs, successors and assigns
harmless from, any and all claims, losses, damages, costs, expenses, liabilities
and obligations of every and any nature arising out of, pertaining to, or
incurred in connection with, any of the following:

     

    (i) Any
breach of any representation and/or warranty made by Global under
this Agreement; and

     

    (ii) Any
breach of any covenant or agreement made by Global in this Agreement;
and

     

    (iii)Any
claim by any holder of a Senior Note, that such party has a security
interest in any of the Company Stock.

     

     5.
Miscellaneous.
This Agreement shall be binding upon, and inure to the benefit of, the
parties hereto and their respective successors and assigns (provided however,
that nothing contained herein shall be construed as authorizing any party to
assign any rights hereunder or instruments described herein except as expressly
provided herein). This Agreement constitutes the entire agreement of the parties
with respect to the subject matter hereof and may not be amended, modified or
terminated except by a written instrument signed by each of the parties hereto.
In the event any party commences any action or proceeding to enforce its rights
hereunder, the prevailing party or parties in any such action shall be entitled
to recover all of their costs and expenses, including reasonable attorneys fees,
incurred in connection therewith from the non-prevailing party or parties, both
in connection with the original action relating thereto and any and all appeals
therefrom. No party shall be construed as having waived any of its rights
hereunder unless such waiver shall be in writing signed by the party against
whom such waiver is being sought. Neither the failure of any party to exercise
any power given such party hereunder or to insist upon strict compliance by any
other party with its obligations hereunder, nor any custom or practice of the
parties at variance with the terms hereof, shall constitute a waiver of any
party's right to demand exact compliance with the terms hereof. This Agreement
shall be construed and interpreted under the laws of the State of Florida.
Actions brought to enforce this Agreement may be brought only in the local
courts of Palm Beach County, Florida or the federal courts serving Palm Beach
County, Florida and all parties consent to the jurisdiction of such courts. The
parties agree that this Agreement is the result of negotiation by the parties,
each of whom was represented by counsel, and thus, this Agreement shall not be
construed against the drafter thereof. No representations, inducements, promises
or agreements, oral or otherwise, between the parties relating to the subject
matter hereof not embodied herein or incorporated herein by reference shall be
of any force or effect. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all of which,
when taken together, shall constitute but one and the same instrument. Time
shall be of the essence of this Agreement and each and every term and condition
hereof. All references herein to the singular shall include plural, and all
references herein to the masculine gender shall include the feminine and neuter
genders, and vice versa.

    
      
        
           

        

         

      

      
        4

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the
parties have executed this instrument as of the date first above
written.

     

     

    
      
        	 	      
                GLOBAL
      REALTY DEVELOPMENT CORP.

              	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ 	 
	 	Its 	 	 
	 	 	 	 
	 	 	 	 

      

    

    
      
        	 	SMS TEXT MEDIA,
      INC.	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ 	 
	 	Its	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	      
                ARIC
      GASTWIRTH

              	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	      
                RICK
      CATINELLA

              	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	ROY
      A. SCIACCA	 

      

    

    
       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      EXHIBIT
A

    ESCROW
AGREEMENT

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    EXHIBIT
B

     

    TRANSFER
AGENT LETTER

     

     

      
        

      

    

    Name

    Address

     

     

     

     

     

    12/31/07

     

    Via Facsimile (303)
262-0604

    Computershare
Trust Company, Inc. 350 Indiana Street

    Suite#
800

    Golden,
CO 80401

    Attn:
Patrick Hayes

     

    Re:           Global
Realty Development Corporation

     

    Dear
Patrick Hayes:

     

    I
authorize that the certificate issued to                                                                                           for                   
shares,
certificate #                                            be
reissued in the name of Global Realty Development
Corp.

     

     

     

    Very
truly yours,

     

     

     

    
      
        
           

        

         

      

      
        7

        
          

        

      

      
         

      

    

    EXHIBIT
B

    STOCK
POWER

     

    IRREVOCABLE
STOCK POWER

     

    FOR VALUE RECEIVED, the
undersigned does (do) hereby sell, assign and transfer to

     

    
      

    

     

    
      

    

     

     

    
      

    

     

                   
shares of the                   
stock of                                                  

     

    
      	represented
      by certificate(s) No(s).                                   
      	 	 	 
	inclusive,
      standing in the name of the undersigned on the books	 	 	social
      security or taxpayer
	of said
      company. 	 	 	Identifying
      no of
	 	 	 	
              transferee

            

    

     

    The
undersigned does (do) hereby irrevocable constitute and appoint                                                                           attorney
to transfer the said stock on the books of said company,
with full power of substitution in the premises.

     

    Dated                                     

    

       

      
        	 	X	 
	 	 	 
	 	X	 

      

    

    PERSON(S)
EXECUTING THIS POWER SIGN(S) HERE

     

    IMPORTANT

     

    
      	
              *

            	
              This
      Stock Power should be signed by the stockholder(s) exactly as his or her
      name appears on
      his or her certificate(s). If shares re held by joint tenants or as
      community property, both parties should
  sign.

            

    

     

    
    

    
      	
              **

            	
              Your
      signature must be guaranteed by an eligible guarantor institution (banks,
      stockbrokers,
      savings and loan associations and credit unions with membership in an
      approved signature guarantee medallion program) pursuant to Rule 17Ad-15
      of the Securities Exchange Act of 1934, as
  amended.

            

    

     

    
      	
              ***

            	
              Trustees,
      officers and other fiduciaries or agents should indicate their title or
      capacity and print their names under their
  signatures.

            

    

     

    
    

    
      	
              ****

            	A foreign stockholder may have his or her
      signature guaranteed by (i) utilizing a local bank that
      has a U.S. correspondent bank who is a participant in the Medallion
      Guarantee Program who will guarantee the stockholder’s signature; or (ii)
      the U.S. consulate.

    

     

     

     

     

    8

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