Document:

ifsl1012gex10-4.htm

    Exhibit 10.4

    
      

      

    

    EXECUTIVE EMPLOYMENT
AGREEMENT

    

    

    THIS EXECUTIVE EMPLOYMENT
AGREEMENT (this "
Agreement") is entered into this 1st day of April 2009 and is by and
between Christopher T. Sunyich (“Executive”) and Ideal
Financial Solutions, Inc., a Nevada corporation (“Employer”).  Executive
and Employer are collectively referred to herein sometimes as the “Parties.”

    

    R
E C I T A L S:

    

    

    WHEREAS, Employer’s board of
directors (the “Board”)
desires to employ Executive in an executive capacity and the Executive desires
to be employed in such capacity.

    

    NOW THEREFORE, in
consideration of the mutual covenants and conditions hereinafter set forth and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties agree as follows:

    

    

    ARTICLE
I

    Term

    

    1.1           Employment.  Employer employs
Executive and Executive accepts employment under the terms and conditions of
this Agreement. Executive shall provide the services required hereunder at
Employer’s corporate office.

    

    1.2           Term.  The term of this
Agreement is perpetual and Employee may be terminated only as provided for
herein.

    

    

    ARTICLE
II

    Compensation

    

    2.1           Compensation.  For all services
rendered by Executive, Employer shall pay Executive the salary of $150,000 per
year, commencing on April 1, 2009.  If Employer is unable to pay the
full amount of compensation hereunder, it shall accrue the same and pay it to
Employee when it is fiscally able to pay the same. Employer shall deduct
federal, state withholding taxes and all other applicable and required
taxes.

    

    The
Parties agree that Executive’s compensation will not exceed $120,000 per annum
until Employer achieves profitability for one month or is otherwise sufficiently
capitalized so that it is fiscally able to pay such salary.  To
compensate for Employer’s financial inability to pay Executive’s full salary at
the time this Agreement is executed, Executive will receive an option to
purchase 15,000 shares of Employer’s common stock for each two-week pay period
of reduced salary (the “Interim
Option Plan”). Once profitability for one month or capitalization is
achieved Executive’s will begin to receive his agreed upon
salary.  The Interim Option Plan will terminate once Executive begins
to receive his full salary hereunder.

    

    
      	 
      	
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    A.  Salary
Adjustment. Employer and Executive agree to review Employee’s salary
bi-annually to determine whether an adjustment should be made or not; and agree
to review the same bi-annually.

    

    2.2           Automobile
Allowance.  Executive shall
be entitled to a net (after tax) automobile allowance of $400 per month,
commencing when the Board determines that Employer is financially able to pay
such allowance. Unpaid car allowance shall not accrue. Employer shall also pay
Executive’s cell phone, automobile insurance and reasonable maintenance, also
commencing when the Board determines that Employer is financially able to pay
such allowances.

    

    2.3           Bonus
Pools. Executive
will be entitled to participate in any and all executive bonus pools (whether
comprised of cash, stock or cash and stock) that Employer offers to its
executives.

    

    2.4           Executive
Benefits. In
addition to the foregoing, Executive shall be entitled to the following
benefits:

    

    A. Expenses.  Executive may
incur reasonable expenses for promoting Employer's business, including expenses
for entertainment, travel and similar items.  Employer will reimburse
Executive for all such reasonable expenses upon Executive's presentation of an
itemized account of such expenditures.

    

    B. Vacations.  Executive shall
be entitled each year to fifteen (20) days per year plus all holidays recognized
by Employer.

    

    C. Health
and Life Insurance.
Executive and his family shall be entitled to receive health and life
insurance benefits. Employer shall pay all premiums associated with such
insurance benefits.

    

    

    ARTICLE
III

    Duties of
Executive

    

    3.1           Duties.  Executive is
engaged as Employer’s President and shall have authority over decision-making
and managerial duties regarding all Employer’s   business
operations pertaining thereto according to business plans and strategies
provided by Employer, reporting only to the Chief Executive Officer or the Board
of Directors. The precise services of Executive may be extended or amended by
mutual agreement of Employer and Executive from time to time.

    

    3.2           Extent of
Services.  Executive shall
devote so much of his productive time, ability and attention to the financial
business of the Company as is necessary to fulfill his duties, and shall perform
all such duties in a professional, ethical and businesslike
manner.  Executive will not, either during the term of this Agreement
and for a period of twelve (12) months thereafter, directly or indirectly engage
in any other business, either as an Executive, employer, consultant, principal,
officer, director, advisor, or in any other business capacity, which is
competitive with the business of the Company, without the express written
consent of the Company.

    

    
      

      
        	 
      	
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    3.3           Engaging
in Other Employment.  Executive hereby
agrees to undertake the responsibilities for and devote his productive time,
abilities, and attention to the business of Employer during the term of this
Agreement.

    

    3.4           Regulations.  Executive agrees
to comply with all federal, state and local laws, ordinances, and regulations in
the conduct of his business on behalf of Employer.

    

    3.5           Executive
as a Shareholder of Employer.  Employer
recognizes that Executive is a shareholder of Employer.  Executive may
be issued shares of common stock of Employer in the future as a result of a
purchase or bonus (“Executive’s
Shares”). Employee is also a member of Employer’s board of
directors.

    

    3.6           Accountability.  Executive shall
be directly responsible solely to Employer’s Board of Directors.

    

    

    ARTICLE
IV

    Duties of
Employer

    

    4.1  Payment
of Compensation and Provision of Benefits.  During the term
hereof, Employer agrees to pay all compensation, benefits, allowances and
vacation due Executive as set forth herein.

    

    4.2   Working
Facilities.  Employer shall
provide offices, accounting help and such other facilities and services as are
suitable to his position and appropriate for the performance of his
duties.

    

    

    ARTICLE
V

    Disability; Death During
Employment

    

    5.1  Disability.  If Executive is
unable to perform his services by reason of illness or incapacity for a period
of more than one (1) month, the compensation thereafter payable to him during
the continued period of such illness or incapacity for a period not to exceed
sic (6) months shall be sixty percent (60%) of Executive’s then existing salary.
Executive’s full compensation shall be reinstated upon his recovery. Notwithstanding anything to
the contrary,
Employer may terminate this Agreement at any time after Executive shall be
absent from his employment, for whatever cause, for a continuous period of more
than twelve (12) months, and the obligations of Employer shall thereupon
terminate.  If it is determined, pursuant to the terms of this
Agreement, that Executive is disabled or incapacitated and cannot discharge the
duties and responsibilities contemplated hereunder, Employer shall have the
right to hire an Executive to replace him in whatever position he may have at
that time.

    

    A. Disability
Insurance.  In lieu of the
foregoing, Employer may obtain disability insurance for
Executive.  Should this occur, paragraph 5.1 above shall be null and
void and the terms of said disability insurance shall govern, so long as the
terms in such policy are equal to or greater than the terms outlined in Section
5.1 above.

     

    
      

      
        	 
      	
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    ARTICLE
VI

    Confidential Information;
Trade Secrets; Proprietary
Rights

    

    6.1           Confidentiality.  Executive
hereby acknowledges that he has received information regarding the business of
Employer, including but not limited to customer lists, product information,
business strategy, product and service pricing, executive agreements, all of
which are confidential information (the “Confidential
Information”).  The Parties hereto recognize and acknowledge
that the Confidential Information is proprietary and integral to Employer’s
business and agrees to keep such Confidential Information confidential and not
disclose the same to any third person, corporation and/or entity for a period of
two (2) years subsequent to the termination of this Agreement or termination of
Executive as an Executive of Employer, whether such termination is with or
without cause.

    

    

    ARTICLE
VII

    Non-Competition

    

    7.1           Non-Competition.  During
Executive’s term of employment set forth in this Agreement, and for a period of
two (2) years thereafter, Executive will not directly or indirectly be an owner,
partner, director, manager, officer or Executive or otherwise render services or
be associated with any business that competes with Employer.

    

    

    ARTICLE
VIII

    Termination

    

    8.1           Termination
With Cause.
Employer may terminate Executive with cause upon providing thirty (30) days’
advance written notice to Executive. Upon termination with cause, Executive
shall be entitled to cash compensation equal to three (3) month’s salary. For
purposes of this Agreement, termination “with cause” shall be for any of the
following:

    

    
      	
               
      

            	
              A.

            	
              Any
      breach of any material obligations owed to
      Employer;  or

            

    

    
      	
               
      

            	
              B.

            	
              Conviction
      of a felony or any act involving moral turpitude;
  or

            

    

    
      	
               
      

            	
              C.

            	
              Failure
      to follows the directions of the CEO and/or Employer’s board of
      directors.

            

    

    

    Upon
termination hereunder, Employee shall retain any and all of Employer’s stock he
holds at the time of termination.

    

    8.2           Termination
Without Cause.
Employer may terminate Executive without cause upon providing thirty (30) days
advance written notice to Executive. Upon termination without cause by Employer,
Executive shall be entitled to cash compensation equal to six month’s
salary.   In the event of termination without cause, all cash
compensation, as referred to above, shall be paid to Executive on a semi-monthly
basis. Upon termination hereunder, Employee shall retain any and all of
Employer’s stock he holds at the time of termination.

     
 

    8.3           Termination
Upon Sale of Business.  Notwithstand­ing
anything to the contrary, Employer may terminate this Agreement upon thirty (30)
days' written notice upon the
occurrence of any of the following events, which any one event will be treated
as a termination without cause for purposes of severance allowance pursuant to
this Agreement.

    
      

      
        	 
      	
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    A.           The
sale by Employer of substan­tially all of its assets to a single purchaser
or a group of associated purchasers;

    

    B.           The
sale, exchange or other disposition, in one transaction, of more than fifty
percent (50%) of the outstanding common stock of the Employer;

    

    C.           A
decision by Employer to terminate its business and liquidate its assets; or the
merger or consolidation of Employer in a transaction in which the shareholders
of Employer receive more than fifty percent (50%) of the outstanding voting
shares of the new or continuing corporation.

    

    D.           Notwithstanding
the foregoing, should Employer agree to sell all or substantially all of its
assets, Employer shall purchase Executive’s Shares for an amount equal to the
greater of the Stock Purchase Price or the same price sold by shareholders of
Employer.

    

    

    ARTICLE
IX

    General
Provisions

    

    9.1.           
Waiver of
Breach.  The waiver by
Employer of breach of any provisions of this Agreement by Executive shall not
operate or be construed as a waiver of any subsequent breach by
Executive.

    

    9.2           
Assignment.  Executive
acknowledges that the services to be rendered by him are unique and
personal.  Accordingly, Executive may not assign any of his rights
under this Agreement.  The rights and obligations of Employer under
this Agreement shall inure to the benefit of and shall be binding upon the
successors and assigns of Employer.

    

    9.3           Modification.  This Agreement
may not be modified, changed or altered orally but only by an agreement in
writing signed by the party against an enforcement of any waiver, change,
modification, extension or discharge as sought.

    

    9.4           Governing
Law.  This Agreement
shall be governed by and construed under the laws of the State of
Utah.

    

    9.5           Integration
Clause.  This instrument
contains the entire agreement between the Parties hereto and supersedes any and
all prior written and/or oral agreements.  This Agreement may be
altered or modified only in writing signed by the Parties hereto.

    

    9.6           Notices.  Any notice
required or desired to be given under this Agreement shall be deemed given if in
writing sent by certified mail to the Parties at each party’s last known
address.

    

    9.7           Attorneys'
Fees.  Should any party
seek the enforcement of any term of this Agreement, the prevailing party
thereunder shall be entitled to attorneys' fees and costs for the enforcement of
such term or provision.

     

    
      

      
        	 
      	
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    EMPLOYEE:  CHRISTOPHER
T. SUNYICH

    

    

    /s/                                                                            

    Christopher
T. Sunyich

    

    

    

    EMPLOYER:
IDEAL FINANCIAL SOLUTIONS, INC.

    

    

    By:
/s/                                                                    

          Steven
L. Sunyich, CEO

    

    

    
      

      
        	 
      	
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      /s/ifsl1012gex10-5.htm

    Exhibit 10.5

    
      

      

    

    LEASE
AGREEMENT

    

    This
Agreement is made this 21st day
of March, 2010 by and between South Winds Commercial Center, LC, hereafter
Lessor, and Bracknell Shore, LLC., hereafter Lessee.

    

    RECITALS

    

    1.  Lessor
is the sole owner of the building space "premises" described in Exhibit A
attached hereto, and desires to lease the premises, to a suitable Lessee for
business purposes.

    2.  Lessee
desires to lease the premises for conducting a marketing business.

    3.  The
parties desire to enter into a lease agreement defining their rights, duties,
and liabilities relating to the premises.

    

    IN
CONSIDERATION OF THE MUTUAL COVENANTS CONTAINED HEREIN, THE PARTIES AGREE AS
FOLLOWS:

    

    SECTION
ONE

    SUBJECT
AND PURPOSE

    

    Lessor
hereby leases and rents unto Lessee, and Lessee hereby takes as tenants under
Lessors, that certain real property comprising 2400 square feet, more or less,
with a street address of:  908 North 1400 West, St. George Utah, more
particularly described in Exhibit A attached hereto and made a part of this
agreement.

    

    SECTION
TWO

    TERM AND
RENT

    

    Lessor
demises the above premises for a term including one (1) one-year period
commencing the 1st day
of April, 2010. The rent under this lease shall be the total of rent due under
the entire term.  The rent shall be payable at the rate of One
Thousand Two Hundred Dollars ($1200.00) per month for the term of the
lease.

    Lessee
shall have the option of extending this lease for an additional one (1) one-year
period at the base rental of One Thousand Four Hundred Dollars ($1400.00) per
month for the one (1) one-year period, payable in advance on the first day of
each month.

    Lessee
will deposit with Lessor a One Thousand Two Hundred Dollars ($1200.00) security
deposit;  Receipt of which is acknowledged by Lessor, as security for
the faithful performance by Lessee of the terms hereof, and to be returned to
the Lessee, without interest, on the full and faithful performance by the Lessee
of the provisions hereof.

    Rent is
due in advance the first day of each month.  In the event Lessee shall
fail to make a rental payment  (including additional rent) within five
calendar days of the due date then Lessee shall pay a sum equal to five percent
(5%) of the amount of rent due and this lease shall be in default until such
amount is paid or waived in writing by Lessor. In the event of default under the
terms of the Lease, monthly installments shall not accelerate, but will become
due month to month.  Lessee must give notice of its intent to extend
this lease in writing six months before the expiration of the initial term of
the lease.

    
      
         

      

      
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    SECTION
THREE

    ADDITIONAL
RENT

    

    All
charges, costs and expenses that Lessee assumes or agrees to pay hereunder,
together with all interest and penalties that may accrue thereon in the event of
the failure of Lessee to pay those items, and all other damages, costs,
expenses, attorney's fees and other sums that Lessor may suffer or incur, or
that may become due, by reason of any default of Lessee or failure by Lessee or
failure by Lessee to comply with the terms and conditions of this Lease shall be
deemed to be additional rent, and, in the event of nonpayment, Lessor shall have
all the rights and remedies against Lessee as herein provided for failure to pay
rent.

    

    Rent,
additional rent, or any other sums payable hereunder shall bear interest at the
rate of twelve percent (12%) per annum from the date said charges arise or are
incurred until paid, before and after judgment.

    

    SECTION
FOUR

    UTILITIES

    

    Lessee shall be solely liable for
utility charges as they become due, including those for gas, electricity, and
telephone services.

    Lessor shall be liable for water and
sewer charges and landscape maintenance due on the premises.

    Lessee shall provide quarterly pest
control from a licensed pest control service for the interior and exterior of
said premises.

    

    SECTION
FIVE

    INSURANCE

    

    Lessor
shall carry fire and extended coverage insurance on the building which includes
the demised premises during the entire term of his Lease in an amount equal to
at least one hundred percent (100%) of the valuation of the buildings and all
other improvements made thereon or thereabouts by either party.  The
policy shall be written by a reliable insurance company authorized to do
business in the State of Utah.

    

    Lessee
shall furnish and carry owner’s lessor and tenant liability insurance with a
company authorized to do business in the State of Utah, in the sum of five
hundred thousand dollars ($500,000.00).  A Certificate of Insurance
shall be forwarded to Lessor upon each policy renewal.  Any insurance
obtained shall provide:

    (a)           Insurance
coverage obtained and maintained pursuant to this requirement may not be brought
into contribution with insurance purchased by the Lessor.

    (b)           The
insurer shall waive subrogation as to any and all claims against the Lessor,
Lessor's agents or employees or co-tenants, and shall waive any defenses based
on co-insurance or on invalidity arising from the acts of the
Insured.

    (c)           The
insurer may not elect to restore damage in lieu of a cash settlement without the
prior written approval of the Lessor or when in conflict with any requirement of
law.

    
      
         

      

      
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    Lessee
will carry insurance on its property on the premises and will hold Lessor
harmless for any loss sustained.

    

    SECTION
SIX

    ALTERATIONS,
ADDITIONS AND IMPROVEMENTS

    

    All
additions, changes, and other improvements, other than trade fixtures, erected
or placed on the premises by Lessee shall remain thereon and shall not be
removed there from, and shall become the property of Lessor as
made.  No alterations, additions or improvements in and to the
premises shall be made without Lessor's written permission, which shall not be
unreasonably withheld.  Lessor's consent to any improvements shall be
given only upon the express condition that all improvements shall be paid for as
made, and shall not grant Lessee authority to bind or obligate Lessor or
encumber fee title to the premises.

    

    SECTION
SEVEN

    REPAIRS

    

    Lessor
shall be responsible for all structural, heating, plumbing, and mechanical
system repairs.  Lessee shall be responsible for all other maintenance
of the premises.

    

    SECTION
EIGHT

    INDEMNITY

    

    Lessee
shall indemnify Lessor against all expenses, liabilities and claims by or on
behalf of any person or entity, including reasonable attorney's fees, arising
out of either (1) a failure by Lessee to perform any of the terms or conditions
of this Lease, (2) a failure to comply with any law of any governmental
authority, or (3) any mechanic's lien or security interest filed against the
premises, to the extent said mechanic's lien or security interest did arise as a
result of action by Lessee.

    

    SECTION
NINE

    ACCESS TO
PREMISES:  SIGNS POSTED BY LESSOR

    

    Lessee
shall permit Lessor or its agents to enter the premises at all reasonable hours
to inspect the premises or make repairs that Lessee may neglect or refuse to
make in accordance with the provisions of this Lease, and also to show the
premises to prospective buyers.  At any time within one year prior to
expiration of the term, Lessor may show the premises to persons wishing to rent
the premises or post signs indicating their availability.

     

    SECTION
TEN

    EASEMENTS,
AGREEMENTS OR ENCUMBRANCES

     

    The
parties shall be bound by all existing easements, agreements and encumbrances of
record relating to the premises, and Lessor shall not be liable to Lessee for
any damages resulting from any action taken by a holder there
under.

    
      
         

      

      
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    SECTION
ELEVEN

    QUIET
ENJOYMENT

    

    Except as
provided in this lease and by law, Lessor warrants that Lessee shall be granted
peaceable and quiet enjoyment of the premises free from any eviction or
interference by Lessor if Lessee pays the rent and other charges provided
herein, and otherwise performs the terms and conditions of this
Lease.

    

    SECTION
TWELVE

    LIABILITY
OF LESSOR

    

    The
provisions here in permitting Lessor to enter and inspect the premises are made
to insure that Lessee is in compliance with the terms and conditions hereof and
make repairs that Lessee has failed to make.  Lessor shall not be
liable to Lessee for any entry on the premises for inspection purposes, for
failure to inspect the premises.

    

    SECTION
THIRTEEN

    DESTRUCTION
OF PREMISES

    

    In the
event of a partial destruction of the premises during the term from any cause,
Lessor shall forthwith repair the same, provided the repairs can be made within
thirty (30) days under the laws and regulations of applicable governmental
authorities.  A partial destruction is defined as any destruction of a
substantial portion, but less than all, of the premises not caused by the
negligence or fault of Lessee.  Any partial destruction shall neither
annul nor void this Lease, except that Lessee shall be entitled to a
proportionate reduction of rent while the repairs are being made, any
proportionate reduction being based on the extent to which the making of repairs
shall interfere with the business carried on by Lessee on the
premises.  If the repairs cannot be made in the specified time, this
Lease may be terminated at the option of either party.  Any
destruction less than substantial Lessee shall be treated as repairs and
maintenance under the provisions of Section Seven.

    

    SECTION
FOURTEEN

    CONDEMNATION

    

    Rights
and duties in the event of condemnation are as follows:

    (1)           If
the whole of the premises shall be taken or condemned by any competent authority
for any public or quasi-public use or purpose, this Lease shall cease and
terminate as of the date on which title shall vest thereby in that authority,
and the rent reserved hereunder shall be apportioned and paid up to that
date.

    (2)           If
only a portion of the premises shall be taken or condemned, Lessor shall supply,
within 60 days, replacement space of comparable size, appearance, and function
which is acceptable in the
determination of Lessee.  If Lessor shall fail so to do, the lease
term shall terminate.  During the period in which Lessee's use shall
be diminished, rent shall be proportionately reduced.

    
      
         

      

      
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    (3)           In
the event of any taking or condemnation in whole or in part, the entire
resulting award of consequential damages shall belong to Lessor without any
deduction there from for the value of the un-expired term of this Lease or for
any other estate or interest in any and all such awards.

    

    SECTION
FIFTEEN

    REPRESENTATIONS
BY LESSOR

    

    At the
commencement of the term, Lessee shall accept the premises in their existing
condition and state of repair, and Lessee agrees that no representations,
statements or warranties, express or implied, have been made by or on behalf of
Lessor in respect thereto except as contained in the provisions of this Lease
and Lessor shall in no event be liable for any latent defects.

    

    SECTION
SIXTEEN

    WAIVERS

    

    The
failure of Lessor to insist on a strict performance of any of the terms and
conditions hereof shall be deemed a waiver of the rights or remedies that Lessor
may have regarding that specific instance only, and shall not be deemed a waiver
of any subsequent breach or default in any terms and conditions.

    

    SECTION
SEVENTEEN

    NOTICE

    

    All
notices to be given with respect to this Lease shall be in
writing.  Each notice shall be sent by registered or certified mail,
postage prepaid and Return Receipt requested, to the party to be notified at the
address shown below:

    

    
      	 
      	
              Lessor:

            	
              South
      Winds Commercial Center, LC

            
	 
      	 
      	
              Mark
      P. Sleight

            
	 
      	 
      	
              P.
      O. Box 40

            
	 
      	 
      	
              St.
      George, UT  84771-0040

            
	 
      	 
      	 
      
	 
      	
              Lessee:

            	
              Bracknell
      Shore, LLC

            
	 
      	 
      	
              8670
      W. Cheyenne Ave

            
	 
      	 
      	
              Las
      Vegas, NV 89129

            
	 
      	 
      	
              (888)
      398-5258

            

    

    

    Every
notice shall be deemed to have been given at the time it shall be deposited in
the United States mail in the manner prescribed herein.

    Nothing
herein shall be constructed to preclude personal service of any notice in the
manner prescribed for personal service of a summons or other legal
process.

    
      
         

      

      
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    SECTION
EIGHTEEN

    HOLDOVERS

    

    In the
event Lessee maintains occupancy of the premises past the term of this Lease,
Lessee shall be a tenant at will, and in no event shall Lessor and Lessee be
deemed to have renewed this Lease for an additional term.

    

    SECTION
NINETEEN

    ASSIGNMENT,
MORTGAGE OR SUBLEASE

    

    Lessee may sublease areas of the
premises to other “Marketing Related Businesses”.

    Lessee shall not assign, mortgage,
pledge, or encumber this Lease or the demised premises in whole, nor permit the
premises to be used or occupied by others, nor shall this Lease be assigned or
transferred by operation of law, without the prior consent in writing of Lessor
in such instance, which will not be unreasonably withheld. Collection of rent
from any assignee, transferee, subtenant, or occupant, and/or application of the
net amount collected to the rent reserved herein, shall not be deemed a waiver
of any agreement or condition hereof, and such action shall constitute the
acceptance of the assignee, transferee, subtenant or occupant.

    

    SECTION
TWENTY

    SURRENDER
OF POSSESSION

    

    Lessee
shall, on the last day of the term, or on earlier termination and forfeiture of
the Lease, peaceably and quietly surrender and deliver the demised premises to
Lessor free of sub-tenancies, including all buildings, additions and
improvements, other than trade fixtures, constructed or placed thereon by
Lessee, all in good repair.  Lessee shall repair and re-store all
damage to the premises caused by the removal of equipment, trade fixtures and
personal property.  Any trade fixtures, equipment or personal property
belonging to Lessee, if not removed upon termination, shall, at Lessor's
election, be deemed abandoned and become the property of the Lessor without
payment or offset therefore.

    

    SECTION
TWENTY-ONE

    DEFAULT
OR BREACH

    

    Each of
the following events shall constitute a default or breach of this Lease by
Lessee:

    (1)           If
Lessee shall fail to pay Lessor any rent or additional rent when the same shall
become due.

    (2)           If
Lessee shall fail to perform or comply with any of the conditions of this Lease
and if the nonperformance shall continue for a period of sixty (60) days after
notice thereof by Lessor to Lessee or, if the performance cannot be reasonably
had within the sixty (60) day period, Lessee shall not in good faith have
commenced performance within the sixty (60) day period and shall not diligently
proceed to completion of performance.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    (3)           If
Lessee shall vacate, abandon or fail to occupy the premises, or if the premises
shall pass to or devolve on any other person or party, or if the premises shall
be used for any purpose other than herein set forth, or for use in violation of
any law or regulation.

    (4)           If
the going business of Lessee shall terminate, or if Lessee shall become subject
of bankruptcy, reorganization, assignment for benefit of creditors or any other
procedures with similar purpose, whether voluntary or involuntary.

    (5)           If
any claim for materials or labor shall arise or be claimed against the premises
or Lessor by reason of the acts of Lessee, its heirs, assigns or
agents.

    

    SECTION
TWENTY-TWO

    REMEDIES
ON DEFAULT

    

    In the
event of any default hereunder (or threatened default in the case of
subparagraph (2) of this Section), the rights of Lessor shall be as
follows:

    

    (1)           Lessor
may elect, but shall not be obligated, to make any payment required of Lessee
herein or comply with any agreement, term or condition required hereby to be
performed by Lessee, and Lessor shall have the right to enter the premises for
the purpose of correcting or remedying any such default and to remain until the
default has been corrected or remedied.  However, any expenditure
hereunder by Lessor shall not be deemed to waive or release the default of
Lessee or the right of Lessor to take any action as may be otherwise permissible
hereunder in the case of any default.

    (2)           Lessor
shall have the right of injunction to restrain Lessee and the right to invoke
any remedy allowed by law or in equity, as if the specific remedies of indemnity
or reimbursement were not provided herein.

    (3)           Lessor
shall have the right to cancel and terminate this Lease, as well as all of the
right, title and interest of Lessee hereunder, by giving to Lessee not less than
sixty (60) days' notice of the cancellation and termination.  On
expiration of the time fixed in the notice, this Lease and the right, title and
interest of Lessee hereunder shall terminate in the same manner and with the
same force and effect, except as to Lessee's liability for sums accrued prior to
the date of termination, as if the date fixed in the notice of cancellation and
termination were the end of the term herein originally determined.

    (4)           Lessor
may if permitted by law, re-enter the premises immediately without notice and
remove Lessee's property and Lessee hereby grants to Lessor a security interest
in Lessee's fixtures, equipment and inventory as now or hereafter on the
premises and products proceeds and replacements thereof.  Lessor may
store the Lessee's property in a public warehouse or at a place selected by
Lessor, at the expense of Lessee.  After re-entry Lessor may terminate
the Lease as provided above.  Without notice, re-entry will not
terminate the Lease.

    (5)           Lessor
may recover from Lessee all damages proximately resulting from the default at
breach, including, but not limited to, the cost of recovering the premises or
altering or remodeling the same for re-letting or the cost of exercising any of
the remedies provided herein or by law, and may further recover the unpaid rent
reserved under this Lease, the total amount of which shall be due and
payable.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    SECTION TWENTY-THREE

    APPLICATION
OF REMEDIES

    

    (1)           The
rights and remedies given to Lessor in this Lease are distinct, separate and
cumulative, and no one of them, whether or not exercised by Lessor, shall be
deemed to be in exclusion of any of the others herein, by law or by equity
provided.

    (2)           In
all cases hereunder, and in any suit, action, or proceeding of any kind between
the parties, it shall be presumptive evidence of the fact of the existence of a
charge being due if Lessor shall produce a bill, notice or certificate of any
public official entitled to give that notice to the effect that such charge
appears of record on the books in his office and has not been paid.

    (3)           No
receipt of money by Lessor from Lessee after default or cancellation of this
Lease shall reinstate, continue or extend the term or affect any notice given to
Lessee or operate as a waiver of the right of Lessor.

    

    SECTION
TWENTY-FOUR

    ATTORNEY'S
FEES

    

    Should
any party default in any of the covenants or agreements herein contained, that
defaulting party shall pay all costs and expenses, including a reasonable
attorney's fee, which may arise or accrue from enforcing this Lease or in
pursuing any remedy provided hereunder or by applicable law, whether such remedy
is pursued by filing suit or otherwise.

    

    SECTION
TWENTY-FIVE

    TOTAL
AGREEMENT APPLICABLE TO SUCCESSORS

    

    This
Lease contains the entire agreement between the parties and cannot be changed or
terminated except by a written instrument subsequently executed by the parties
hereto.  This Lease and the terms and conditions hereof apply to and
are binding on the heirs, legal representatives, successors and assigns of both
parties.

    

    SECTION
TWENTY-SIX

    APPLICABLE
LAW

    

    This
agreement shall be governed by and constructed in accordance with the laws of
the State of Utah.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    SECTION
TWENTY-SEVEN

    TIME OF
THE ESSENCE

    

    Time is
of the essence in all provisions of this Lease.

    

    IN WITNESS WHEREOF, this Lease has been
entered into this day and year first above written.

    

    LESSOR:
SOUTHWINDS COMMERCIAL CENTER, LC

    By: /s/                                                         
                 

    Its:           President                                                     

    Address:            PO
Box 40

                               
St. George, UT 84770

    

    LESSEE:
BRACKNELL SHORE, LLC

    By: /s/                                                                           

    Its:                  
                                                             

    
      	
              Address:

            	
              8670
      W. Cheyenne Ave

            

    

    
      	
               
      

            	
              Las
      Vegas, NV 89129

            

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

    GUARANTY

    

    In
consideration of the execution of the above Lease, the undersigned, jointly and
severally, hereby irrevocably and unconditionally guarantee the full and
complete performance of all obligations and liabilities due and to become due to
Lessor from Lessee under the above Lease, together with all attorney's fees,
costs and expenses of collection incurred by Lessor in enforcing any such
obligations and liabilities.

    

    Dated
this 21st day
of March, 2010.

    

    By: /s/                                                                        
  

               Michael
Sunyich

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    

    EXHIBIT
A

    

    The
premises, which are subject to this Lease, are described as
follows:

    An 2400
square ft. office located at 908 North 1400 West, St. George, UT
84770

    

     

     

    
      11

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