Document:

ex103.htm

ORAL AGREEMENT

BETWEEN

DYNAMIC HYDROCARBONS LTD.

AND

RON PETRUCCI

RE:                                Working Capital Funding

Reference Date:           12 February 2010

Reference Points:

	
(a)  

	
Ron Petrucci has lent an amount of $9,250 to Dynamic Hydrocarbons (“Dynamic”) for the purpose of providing operating capital prior to Dynamic’s S-1 registration statement becoming effective (“Offering”);

	
(b)  

	
This $9,250 is non-interest bearing, and is expected to be re-paid upon Dynamic raising a minimum of $25,000 under its Offering unless otherwise agreed;

	
(c)  

	
If Dynamic requires additional amounts, Ron Petrucci will lend up to an additional $10,000, which amounts lent shall be repayable on a one year term bearing interest at 10%/year.ex104.htm

International Securities Group Inc.

1530 9th Avenue, S.E.

Calgary, Alberta  T2G 0T7

Telephone:  403-693-8003

Facsimile:  403-272-3620

Dynamic Hydrocarbons Ltd.

7001 Winterberry Dr., 

Austin, Texas 78750

Dear Board of Directors:

This letter confirms and memorializes the agreement ("Agreement") between Dynamic Hydrocarbons Ltd., a Nevada corporation (the "Company"), and International Securities Group Inc., an Alberta corporation ("ISG"), pursuant to which ISG agrees to arrange for certain services as described below to the Company in accordance with the terms and conditions set forth herein. This Agreement supersedes any other agreements, whether written or oral, between the parties hereto in regard to the subject matter hereof and, upon execution by the parties hereto, shall be legally binding on the parties. In consideration of good and valuable services provided and the mutual promises, representations, warranties and covenants of the parties contained herein, the parties agree as follows:

1. Services. In exchange for the compensation set forth below, ISG shall cause to be provided to the Company the “Initial Services” and the “Continuing Services”. For purposes of this Agreement, “Initial Services” is defined as advice, assisting and guidance in connection with the preparation and filing on behalf of the Company of a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission, which shall include a legal opinion.  Audit fees are independent and shall be paid by Company. “Continuing Services” is defined as preparing, reviewing and filing on behalf of the Company reports and other documents pertaining to its public reporting requirements under the U.S. Securities Act of 1934 following the effective date of the S-1 Registration Statement, including the preparation and filing of Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and assistance to the Company’s management and insiders in preparing and filing insider-trading reports and services for all other corporate or business related legal matters that the Company may require.

2.  Compensation.  (a) In consideration of ISG's rendering of the Initial Services, the Company shall pay ISG the following fees:

	
i.  

	
$5,000US upon execution of this Agreement;

	
ii.  

	
$7,500US upon completion and filing of the S-1 Registration Statement;

	
iii.  

	
$12,500US upon the effective date of S-1 Registration Statement; and

 (b) In consideration of the Continuing Services, the Client shall compensate ISG at the rate of US$225 per hour for consulting services provided by Caroline Winsor, US$155 per hour for consulting services provided by Jacqueline Danforth and US$125 per hour for each hour of paralegal time in providing such services;  should ISG contract with legal counsel for review and the rates will be at between US$275 and US$475 per hour dependent on the complexity of 

  

1

  

the work, which shall be the responsibility of the Client to pay, ISG shall only contact outside legal counsel upon prior approval by the Client.  For audit ready financial statement preparation provided by ISG which would include the preparation of audit ready financial statements the hourly fee is US $95.00 per hour.   Bookkeeping is billed at $55.00 per hour.  ISG may make introductions to auditors and such fees would be negotiated between the auditor and the Client.

	
3.  

	
Subcontract for Legal Services; Independent Contractor.  (a) ISG shall retain a professional law corporation, on behalf of the Company to provide all of the legal services described herein.  It is understood and agreed by the Company that ISG is not a law firm, is not licensed to provide legal services and will not provide legal services

(b) In providing any of the services identified herein to the Company, ISG shall be an independent contractor, and no party to this Agreement shall make any representations or statements indicating or suggesting that any joint venture, partnership, or other similar relationship exists between ISG and the Company.  ISG shall not be entitled to make any commitments or create any obligations on behalf of the Company.

 

4. Term.  The term of this Agreement shall be thirty (30) days from the date hereof and shall automatically renew for an additional thirty (30) day term unless either party notifies the other in writing at least thirty (30) days prior to the date of expiration of its election to discontinue this Agreement for any reason whatsoever.

 

5. Notices.  Any notice under this Agreement shall be deemed to have been sufficiently given if sent by registered or certified mail, postage prepaid, addressed as follows:

to the Company:

Dynamic Hydrocarbons Ltd.

7001 Winterberry Dr,

Austin, Texas 78750

to ISG:

International Securities Group, Inc.

1530 - 9th Avenue S.E.

Calgary, Alberta   T2G 0T7

or to any other address which may hereafter be designated by either party by notice given in such manner. All notices shall be deemed to have been given as of the date of receipt by the parties hereto and no other prior written or oral statement or agreement shall be recognized or enforced.

  

2

  

6. Severability.   If a court of competent jurisdiction determines that any clause or provision of this Agreement is invalid, illegal or enforceable, the other clauses and provisions of the Agreement shall remain in full force and effect and the clauses and provisions which are determined to be void, illegal and unenforceable shall be limited so that they shall remain in effect to the extent permissible by law.

 

7. Assignment.   Neither party may assign this Agreement without the express written consent of the other party, however, any such assignment shall be binding on and inure to the benefit of such successor, or, in the event of death or incapacity, on their heirs, executors, administrators and successors of any party.

 

8. Attorney’s Fees.   If any legal action or other proceeding (non-exclusively including arbitration) is brought for the enforcement of or to declare any right or obligation under this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, or otherwise because of a dispute among the parties hereto, any successful or prevailing party will be entitled to recover reasonable attorney’s fees (including fees for appeals and collection) and other expenses incurred in such action or proceeding, in addition to any other relief to which such party may be entitled.

 

9. No Third Party Beneficiary. Nothing in this Agreement, expressed or implied, is intended to confer upon any person other than the parties hereto and their successors, any rights or remedies under or by reason of this Agreement, unless this Agreement specifically states such intent.

 

10. Counterparts.  It is understood and agreed that this Agreement may be executed in any number of identical counterparts, each of which may be deemed an original for all purposes.

 

11. Headings. The section and subsection headings in this Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement.

 

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed the day and the year first above written.

DYNAMIC HYDROCARBONS LTD.,                                                                                     INTERNATIONAL SECURITIES

a Nevada corporation                                                                                                                  GROUP, INC., an Alberta corporation

By:           /s/ Ronald Petrucci                                                      By:           /s/ J. Danforth                                                      

Name:           Ronald Petrucci                                                                                                       Name:           J. Danforth

Title:           President                                                                                                                    Title:           Manager

  

3ex-10_1.htm

Santaro Interactive Entertainment Company S-1/A

 

Exhibit 10.1

 

TECHNOLOGY ASSIGNMENT AGREEMENT

This agreement (the “Agreement”) is made this 5th day of February, 2010, between Aaron J. Berryman (“Assignor”), and Santaro Interactive Entertainment Company (“Assignee”) (Assignee and Assignor each a “Party” and collectively the “Parties”).

WHEREAS, Assignor has proprietary technology for the following invention:  Character Adapted Gaming Platform (the “Invention”):

WHEREAS, the Parties have agreed that Assignor shall assign all right and title to the Invention to the Assignee for the sum of $5,000.

NOW THEREFORE, for good and valuable consideration as set forth below, the sum, sufficiency and receipt of which is hereby acknowledged, the Parties hereby agree as follows:

	
  

	
1.

	
Assignment.  Assignor hereby irrevocably assigns to Assignee all right, title and interest in the Invention, in exchange for the sum of $5,000, and Assignee hereby accepts such assignment.

	
  

	
2.

	
Intellectual Property.  The Assignor shall cooperate with the Assignee with regard to the filing of a patent application for the Invention, or such other intellectual property protection, as Assignee shall, in its sole discretion, deem appropriate.  However, Assignor shall have no right, title, or interest in such patent application or other intellectual property protection.

	
  

	
3.

	
Amendments or Waiver.  This Agreement may be changed, waived, discharged or terminated only by a writing signed by all Parties hereto.  No delay or omission by any party in exercising any right with respect hereto shall operate as waiver.  A waiver on any one occasion shall not be construed as a bar to, or waiver of, any right or remedy on any future occasion.

	
  

	
4.

	
Severability.  To the extent any provision of this Agreement is prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition, or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement.

	
  

	
5.

	
Governing Law.  This Agreement shall be construed and interpreted in accordance with the internal laws of the State of Virginia without giving effect to the conflict of laws principles thereof.

	
  

	
6.

	
Entire Agreement.  This Agreement constitutes the entire Agreement between the Parties relating to the subject matter herein.

	
  

	
7.

	
Binding Effect.  All of the terms of this Agreement, as amended from time to time, shall be binding upon, inure to the benefit of and be enforceable by the respective heirs, successors and assigns of the Parties.

IN WITNESS WHEREOF the undersigned agree to the terms of this Agreement as of the date first written above:

	
ASSIGNEE

	  	
ASSIGNOR

	  	  	  
	

/s/ James D. Edsall

	  	

/s/ Aaron J. Berryman

	

Santaro Interactive Entertainment Company

James D. Edsall, President and Director

	  	
Aaron J. Berryman

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