Document:

fs11101_x1010-audio.htm

Exhibit 10.1

 

 

	 	 	 	
Products & Services Agreement

 

Contract Number - SAAA_Website 2011PL

PO BOX 34456, West Bethesda, MD 20817

www.audioeye.com  Voice 866.331.5324  FAX 520-844-2989 

 

	
Sales Representative

Name: Paul Lyons

Phone: 866.331.5324 or 520.548.8045

e-mail: plyons@audioeye.com

	
VAR:   ___________________________________________                                                                 

Address:  ________________________________________                                                                   

City   _______________________   State   ______________                         

Phone:                                 e-mail:

	
Company:

Southern Arizona Attractions Alliance

 

	
Contact name:

Gentry Spronken

 

	
Address:

P.O. Box 57130

Tucson, AZ 85732

	
Phone: 520-881-0606                                                                

Fax: 520-881-9307                                                                     

e-mail: gentrys@theminitimemachine.org

	
Billing Address:

Same as Above

	
Agreement Beginning Date: June 2011                                                                         

Agreement Ending Date: Estimated -August 2011

	
Website:

www.tucsonattractions.com

	
 

New Site  XXX                           Renewal             New Job XXX

	
Payments Due:

See payment breakdown below

	
Comments:

 

 

 

	
Product/Service

	
Select

	
Description

	
Monthly Fees

	
Custom Website Development -Including CMS

 

	
XXX

	
§ Create dashboard functionality Flash banner rotating w/featured attractions on the homepage

 

§ Unlimited custom web pages

 

§ Provide Passport information on the homepage linking to agency’s PayPal account

 

§ Create navigational functionality to include each and any future attractions by category: Nature, Arts, Family Fun, Heritage, Science, Shopping and other items would include Events

 

§ Create linkages to (Industry partners links), current calendar features and any promotional content

 

§ Create newsletter sign-up with data base

 

§ Create linkages to all SAAA social networking accounts on homepage

 

§ Create members only login page that is password protected (from the homepage) for postings, etc. intended for members

 

§ Create individual attraction pages reflecting, that specific attraction including the following information; attraction name, address, phone, website, logo, picture(s), description, video, admission fees, and operating calendar, Banner ads and/or Event ads throughout the site.

 

§ Create a Content Management System (CMS), which allow SAAA to update website, images and text content.

 

§ Create analytics/tracking and reporting measures in place

 

§ Create the website sitemap to increase discoverability (including Meta Tag to each “head” section of your page.  This provides a short description of the page)

 

	
Total Cost = $7,500.00

 

Payment Breakdown

1/3 payment at contract signing = $2,500

1/3 payment due when mock-up approved = $2,500

1/3 payment due upon project completion = $2,500

	
Additional custom development (1 hour minimum)

 

 

	
XXX

	
Additional programming, design, production or encoding will be charged at $95/hour

	
$

	
Donated Software

	
XXX

	
Audio Eye Patented Accessibility Software

Sample Links below and attached Literature:

www.grijalva.house.gov

www.giffords.house.gov

	
Provided as a donation to Southern Arizona Attraction Alliance as an added value (Actual cost is $3,500 for non-profits - yearly licenses fee)

 

 

  

  

  

 

	
Task

	
Description

	
Date(s)

	
Design and mock-ups phase

	
Audio Eye will provide 2 to 3 mock-ups based on Scope of Work (S.O.W)

	
One week after signed agreement

	
Development Starts

	
Based on Southern Arizona Attraction Alliance approval – Audio Eye begins development

	
TBD

	
Milestone Based Delivery

	
Based on the final plan outcomes we will provide milestone productions, which is project completion.

	
TBD

 

  

  

  

http://www.audioeye.com/beta/InHouse/product-services.html

 

 

Client: Southern Arizona Attractions Alliance

 

Client Representative: Gentry Sporonken                                                                                                                                                                

Title:  Marketing Chair                                                                                                                     DATE:                                             

 

Audio Eye Sales Manager: Paul Lyons                                                                                       DATE: June 2011                                               

 

Audio Eye CEO:                                                                                                                              DATE:                                             

  

  

  

 

PAYMENT INFORMATION

 

BY CHECK

 

Please make check payable to Audio Eye, Inc. and send payment to this address

 

PO Box 34456

  West Bethesda, MD 20817Conflicts of Interest Policy

 Exhibit 10.9 
 CONFLICTS OF INTEREST POLICY 
  

	A.	Policy Statement 

 Red
Bullet Racing Corporation (the “Company”) recognizes that Conflict of Interest Transactions (as defined below) may raise questions as to whether those transactions are consistent with the best interests of the Company and its stockholders.
It is the Company’s policy to enter into or ratify Conflict of Interest Transactions only when the Board of Directors, acting through a committee of its directors who satisfy the independence standards of Rule 10A-3 under the Securities
Exchange Act of 1934, as amended, and the independence standards that would be applicable if the Company’s common stock were listed on the Nasdaq Capital Market (whether or not the Company’s common stock is so listed) (the
“Independent Director Committee”) determines that the Conflict of Interest Transaction in question is in, or is not inconsistent with, the best interests of the Company and its stockholders. Therefore, the Company has adopted the
procedures set forth below for the review, approval or ratification of Conflict of Interest Transactions. 
 Furthermore, the
Company recognizes that additional conflicts of interest may arise on an isolated or recurring basis by virtue of the business of owning and racing thoroughbred racehorses being conducted by both the Company and certain of its affiliates, and for
other reasons, and the Company wishes to set forth procedures for resolving any such conflicts of interest. 
 This policy has
been approved by the Independent Director Committee. The Independent Director Committee will review and may amend this policy from time to time. 
  

	B.	Conflict of Interest Transactions 

 For the purposes of this policy, a “Conflict of Interest Transaction” means a transaction, arrangement or relationship (or any series of similar transactions, arrangements or relationships) in
which the Company was, is or will be a participant where the amount involved exceeds $120,000 and in which any Related Person had, has or will have a direct or indirect material interest, excluding the transactions described in Section E below.

 For purposes of this Policy, a “Related Person” means: 

 

	 	1.	any person who is, or at any time since the beginning of the Company’s last fiscal year was, a director or executive officer of the Company, or a nominee to become
a director of the Company; 

  

	 	2.	any person (a “Significant Holder”) who is known to be the beneficial owner of more than 5% of any class of the voting securities of the Company; and

  

	 	3.	 any immediate family member (which means any child, stepchild, parent, stepparent, spouse, sibling, mother-in-law, father-in-law, son-in-law,

 
daughter-in-law, brother-in-law, or sister-in-law) of any of the foregoing persons and any person (other than a tenant or employee) sharing the household of any of the foregoing persons.

 “Indirect interests” of a Related Person may include, but are not limited to, the interest of any firm, corporation or other entity
in which any Related Person is employed or is a partner or principal or in a similar position or in which such Related Person has a 5% or greater beneficial ownership interest. However, it is recognized that where the interest arises only from a
Related Person’s position as a limited partner in a partnership in which all Related Persons have an interest of less than 10%, and the Related Person is not a general partner of and does not hold another position in the partnership, the
interest of such Related Person in a transaction between the Company and such partnership will not be deemed to be material. 
  

	C.	Approval Procedures 

Conflict of Interest Transactions that are identified as such prior to the consummation thereof or amendment thereto shall be consummated
or amended only if the following steps are taken: 
 1. Prior to the Company’s entry into a proposed transaction with a
Related Person, (a) the director, executive officer, nominee or Significant Holder who has a material interest (or whose immediate family member has a material interest) in the transaction and/or (b) members of management charged with
executing the transaction or amendment shall provide notice to the Chief Financial Officer of the material facts and circumstances of the potential Conflict of Interest Transaction and such information concerning the transaction as the Chief
Financial Officer may reasonably request. 
 2. If the Chief Financial Officer determines that the proposed transaction is a
Conflict of Interest Transaction, the proposed Conflict of Interest Transaction shall be submitted to the Independent Director Committee for consideration. 
 3. The Independent Director Committee shall consider all of the relevant facts and circumstances available to the Independent Director Committee, including (if applicable) but not limited to: the benefits
to the Company; the availability of other sources for comparable products or services; the terms of the transaction; and the terms available to unrelated third parties. No Independent Director shall participate in any review, consideration or
approval of any Conflict of Interest Transaction with respect to which such Independent Director or any of his or her immediate family members is the Related Person. 
 4. The Independent Director Committee shall approve or disapprove the Conflict of Interest Transaction and shall convey the approval or disapproval of the transaction to the Chief Financial Officer, who
shall convey the decision to the appropriate persons within the Company. 

	D.	Procedures for Ratification of Extant Transactions 

 Any person who becomes aware of a Conflict of Interest Transaction that has not been previously approved or previously ratified under this policy shall report such transaction to the Chief Financial
Officer. If the transaction is pending or ongoing, it will be submitted by the Chief Financial Officer to the Independent Director Committee promptly, and the Independent Director Committee shall consider all of the relevant facts and circumstances
available to the Independent Director Committee as provided above. Based on the conclusions reached, the Independent Director Committee shall evaluate all options, including but not limited to ratification, amendment or termination of the Conflict
of Interest Transaction. 
  

	E.	Additional Potential Conflicts of Interest 

 1. It is the intention of the Company to engage trainers on terms that afford them full discretion and authority to determine, in accordance with industry standards, whether a thoroughbred owned by the
Company (a “Thoroughbred”) will be nominated to enter a race other than a claiming race or a Grade I, II or III stakes race and, if accepted, whether or not to start in the race. While there may be limited circumstances in which the
Company wishes to have a racing determination for which authority has been granted to the trainer reviewed by management or the Board of Directors, trainers will not be required to pre-clear such determinations with management or the Board of
Directors. 
 2. Decisions to enter a Thoroughbred in a claiming race or a Grade I, II or III stakes race shall be made by the
chief executive officer of the Company. The Board of Directors shall retain the discretion to review any such determination but the chief executive officer will not be required to pre-clear such determinations with the Board of Directors. If the
trainer for a Thoroughbred has identified the Thoroughbred as a suitable candidate for a race, the horse so identified shall be nominated unless the chief executive officer or the Board of Directors, as applicable, determines that the nomination
would be contrary to the best interests of the Company. 
 3. No trainer will be retained to train horses owned by the Company
while it is training horses owned by another Racing Company (as defined in the prospectus relating to the initial public offering of equity securities of the Company). 
 4. Certain of the Company’s directors, officers and Significant Holders and/or their respective affiliates or family members (including trusts for the benefit of such family members and any affiliate
of such trust) are in the business of owning, training and/or racing thoroughbred horses and/or hold direct or indirect ownership interests in entities that are in such business (any such business or entity owning, training and/or racing
thoroughbred horses being referred to herein as a “Related Racing Entities”). If by virtue of these or other relationships, including overlapping relationships with trainers, horses owned by the Company and a Related Racing Entity are
prevented, either by law or regulation or by reason of rules established or a ruling made by a racing secretary or other track official, from entering a race for which both horses have been nominated (including as a consequence of the horses being
“coupled” as a single wagering interest), the following procedures shall apply: 

 A. If the race is other than a Grade I, II or III stakes race, the horse with the earliest
start date will be permitted to remain in the race unless another rule is mandated by law, regulation or a rule or ruling of a racing secretary or other track official. If another rule is so mandated, the Company will not directly or indirectly seek
an exception from the rule that would result in a different horse remaining in the race unless all horses sought to be entered in the race by the Company and the Related Racing Entity can thereby remain in the race. 

B. If the race is a Grade I, II or III stakes race, the horse with the most winnings (i.e., total purses for win, place or show over the
course of the horse’s career) will be permitted to remain in the race unless another rule is mandated by law, regulation or a rule or ruling of a racing secretary or other track official. If another rule is so mandated, the Company will not
directly or indirectly seek an exception from the rule that would result in a different horse remaining in the race unless all horses sought to be entered in the race by the Company and the Related Racing Entity can thereby remain in the race.

 C. If a conflict with respect to horses sought to be entered in a race by the Company and a Related Racing Entity is not
resolved by the foregoing procedures, the racing secretary for the race will be requested to determine the horse that will be eliminated based on such established rules and procedures as are applicable or, if the racing secretary determines that no
established rules and procedures apply, to determine the elimination by lot. If the racing secretary declines to do so, the chief executive officer of the Company will determine the elimination by lot. 

5. The Company’s directors, officers and Significant Holders and their respective affiliates shall not be permitted to claim against
any Thoroughbred in a claiming race. 
 6. The Independent Director Committee shall oversee the Company’s officers in their
management of any dispute or issue concerning enforcement of any contract or other transaction or arrangement between the Company and any director, officer or Significant Holder or any affiliate thereof. Any determination regarding whether
litigation should be instituted by the Company with respect to any such contract, transaction or arrangement shall be made by the Independent Director Committee. 
  

	F.	Disclosure 

 All Conflict
of Interest Transactions that are required to be disclosed in the Company’s filings with the Securities and Exchange Commission, as required by the Securities Act of 1933 and the Securities Exchange Act of 1934 and related rules and
regulations, shall be so disclosed in accordance with such laws, rules and regulations. 
 The material features of this policy
constituting a “related person transaction policy” shall, if required, be disclosed in the Company’s annual report on Form 10-K or in the Company’s proxy statement, as required by applicable laws, rules and regulations.

	G.	Independent Director Approval 

 Any determination to be made or approval to be given by the Independent Director Committee hereunder shall be made or given as follows: 2/3 of the Independent Director Committee shall constitute a quorum
for consideration of the matter, and the act of the Independent Director Committee constituting such determination or approval shall be the affirmative vote of a majority of the members of the committee present and voting. The Independent Director
Committee may in the alternative act by unanimous written consent hereunder. 
 The Independent Directors may receive such input
as they deem appropriate from management and any other person, including a person with an interest in a Conflict of Interest Transaction or other matter addressed by this policy, in acting hereunder. 

The Company shall provide funding for the reasonable requirements of the Independent Director Committee for legal counsel or other
advisors engaged by the Independent Director Committee in acting hereunder. 
  

	H.	Acknowledgment of Policy 

 Each director
and officer of the Company, each holder of 5% or more of the Company’s outstanding common stock and each director and officer of any such holder shall annually sign a statement which affirms such person: 

 

	 	a.	Has received a copy of this policy, 

  

	 	b.	Has read and understands this policy, 

  

	 	c.	Has agreed to comply with this policy; and 

  

	 	d.	Undertakes to be responsible for any violation of this policy by such person or his, her or its Related Racing Entities and to cause his, her or its Related Racing
Entities to comply with this policy. 

 RED BULLET RACING CORPORATION 

Conflict of Interest Policy - Annual Statement 
 I hereby certify that: 
 1. I have received a copy of the Company’s Conflict
of Interest Policy; 
 2. I have read and understand the Company’s Conflict of Interest Policy; 

3. I agree to comply with the Company’s Conflict of Interest Policy; and 

4. I undertake to be responsible for any violation of the Company’s Conflict of Interest Policy by me or any of my Related Racing
Entities (as defined therein) and to cause my Related Racing Entities to comply with the Company’s Conflict of Interest Policy. 
  

	
	  

	Name:
	Title/Capacity:
	  

	Date

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