Document:

ielement8k122807ex3.htm

    Release
      of Consulting
      Agreement

    

    Pursuant
      to the certain Stock Purchase
      Agreement by and between IElement Corporation (“Seller”) and Ivan Zweig
      (“Buyer”) and for
      limited purposes IElement Inc. dated as of December __, 2007, the parties have
      agreed to release each other from any and all liability under that certain
      Consulting Agreement between the Seller and Kramerica Capital Corporation
      (“Kramerica”) dated
      January 1, 2007 as disclosed in the Seller’s Form 8-K filed with the SEC on
      April 20, 2007 (the “Consulting
      Agreement”).  Buyer owns 100% of the equity of Kramerica
      Capital Corporation.  The terms of the release are set forth
      herein.

    

    NOW,
      THEREFORE, in consideration of the
      covenants and agreements contained in the said letter:

    

    1.  The
      parties hereby
      release and forever discharge each other of and from all manner of action and
      actions, cause and causes of action, suits, rights, debts, dues, sums of money,
      accounts, bonds, bills, covenants, contracts, controversies, omissions,
      agreements, promises, variances, trespasses, damages, liabilities, judgments,
      executions, claims and demands whatsoever (collectively, "Claims"), in law or in equity,
      which either party ever had, now has or which it hereafter can, shall or may
      have, whether known or unknown, suspected or unsuspected, matured or unmatured,
      fixed or contingent, for, upon or by reason of any matter or cause arising
      at
      any time on or prior to the date of this Release solely in connection with
      the
      Consulting Agreement.

    

    2.  The
      Consulting Agreement
      is hereby void and unenforceable.

    

    3.  This
      Release shall be
      governed by and construed in accordance with the laws of the State of Texas
      applicable to contracts made and to be performed wholly therein.

    

    The
      Parties have executed this Agreement on the day first above
      written.

    

    IElement
      Corporation:

    

    By:                                           
      

    Name:                                                      
      

    Title:                                                      
      

    

    

    Ivan
      Zweig

    

    Kramerica
      Capital Corporation:

    

    

    By:                                           
      

    Name:                                                      
      

    Title:ielement8k122807ex4.htm

    INDEMNITY
      AGREEMENT

    

    

    THIS
      AGREEMENT is made between
      Ivan Zweig (“Zweig”) and IElement Corporation (the
      "Indemnitee").  This Agreement is being made in conjunction with that
      certain Stock Purchase Agreement by and among the Parties hereto whereby Zweig
      is purchasing from IElement Corporation all of the issued and outstanding
      capital stock of IElement, Inc., including all assets of IElement, Inc and
      is
      assuming the liabilities of IElement, Inc.

    

    Zweig
      desires and intends hereby to provide indemnification (including advancement
      of
      expenses) against any and all liabilities not set forth on Exhibit “A” hereto
      asserted against Indemnitee to the fullest extent permitted by the General
      Corporation Law of the State of Nevada and further desires and intends that
      the
      terms of indemnification be reduced to contract.  For $20 and other
      good and value consideration, the receipt and sufficiency of which is hereby
      acknowledged, and in consideration of the premises and the covenants contained
      herein, the Zweig and Indemnitee do hereby covenant and agree as
      follows:

    

    

    1.Indemnification.  Zweig
      shall
      indemnify Indemnitee as follows:

    

    (a)Zweig
      shall indemnify Indemnitee when it is a party or is threatened to be made a
      party to any threatened, pending or completed action, suit or proceeding (other
      than an action by or in the right of Zweig) brought against Indemnitee to
      collect upon any monetary liability which liability is not set forth on Exhibit
      “A” (the “excluded liabilities”), against expenses (including reasonable
      attorneys' fees), judgments, fines and amounts paid in settlements actually
      and
      reasonably incurred by it or on its behalf in connection with such action,
      suit
      or proceeding, which liability arose prior to December ___, 2007 or which arises
      due to actions or inactions prior to December __, 2007.  Liabilities
      and debts subject to this Indemnification Agreement shall be referred to as
      “Covered Liabilities”.

    

    (b)Expenses
      incurred by Indemnitee in defending a civil action, suit or proceeding for
      the
      collection of a Covered Liability shall be paid by Zweig periodically (but
      no
      less often than quarterly) on receipt of a sworn statement of expenses averring
      that (i) it has reasonably incurred actual expenses in defending a civil action,
      suit or proceeding, and (ii) it undertakes to repay such amount if it is
      ultimately determined that it is not entitled to be indemnified by Zweig under
      this Agreement or otherwise.

    

    (c)Without
      limiting the generality of the above indemnification, Zweig represents that
      as
      of the effective date of this  Indemnity Agreement, Indemnitee has
      filed all reports, schedules, forms, statements and other documents required
      to
      be filed by it with the SEC pursuant to the reporting requirements of the
      Securities Exchange Act of 1934, as amended (the "1934 Act") (all of the
      foregoing filed prior to the date hereof and all exhibits included therein
      and
      financial statements and schedules thereto and documents incorporated by
      reference therein being hereinafter referred to as the "SEC
      Documents").  As of their respective dates (except as they have been
      correctly amended), the SEC Documents complied in all material respects with
      the
      requirements of the 1934 Act and the rules and regulations of the SEC
      promulgated thereunder applicable to the SEC Documents, and none of the SEC
      Documents, at the time they were filed with the SEC (except as they may have
      been properly amended), contained any untrue statement of a material fact or
      omitted to state a material fact required to be stated therein or necessary
      in
      order to make the statements therein, in light of the circumstances under which
      they were made, not misleading. As of their respective dates (except as they
      have been properly amended), the financial statements of the Seller included
      in
      the SEC Documents complied as to form in all material respects with applicable
      accounting requirements and the published rules and regulations of the SEC
      with
      respect thereto.  Such financial statements have been prepared in
      accordance with generally accepted accounting principles, consistently applied,
      during the periods involved (except (i) as may be otherwise indicated in such
      financial statements or the notes thereto or (ii) in the case of unaudited
      interim statements, to the extent they may ex-clude footnotes or may be
      condensed or summary statements) and fairly present in all material respects
      the
      financial position of the Seller as of the dates thereof and the results of
      its
      operations and cash flows for the periods then ended (subject, in the case
      of
      unaudited statements, to normal year-end audit adjustments).

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have duly executed this Agreement and set
      their seals effective as of the ___ day of December, 2007.

    

    

    IVAN
      ZWEIG

    

    

    

    By:

    

    Its:

    

    

    IELEMENT
      CORPORATION

    

    

    

    

    By:

    Name:

    Title:

    

    

    

    Exhibt
      A

    

    The
      “Excluded Liabilities” are those liabilities shown in Exhibit A to the IElement
      Master Terms and Escrow Agreement under the terms of which the Stock Purchase
      Agreement referenced herein and this Indemnity Agreement become
      effective.ielement8k122807ex5.htm

    STOCK
      PURCHASE
      AGREEMENT

    

    THIS
      AGREEMENT is entered into as of the 12th day of December, 2007 by and between
      Newsgrade Corporation, a Delaware
      corporation with an address at 8515 Seminole Street, Philadelphia, PA 19118
      (the
“Seller”) and IElement
      Corporation, a Nevada corporation with its principal place of business at 17194
      Preston Road, Suite 102 PMB 341, Dallas, TX 75248 (hereinafter referred to
      as
      "Buyer").

    

    RECITALS

    

    WHEREAS,
      the Seller is the legal or beneficial owner of 1,000,000 shares of common stock
      of The Retirement Solution.com,
      Inc. (TRES.OB) (the “Securities");

    

    WHEREAS,
      Seller desires to sell and transfer to Buyer and Buyer desire to purchase in
      accordance with the terms and conditions provided for herein, the
      Securities;

    

    NOW,
      THEREFORE, in consideration of the mutual promises and covenants contained
      herein and other good and valuable consideration, the receipt and sufficiency
      of
      which is hereby acknowledged, the parties intending to be legally bound agree
      as
      follows:

    

    ARTICLE
      I

    PURCHASE
      AND SALE OF SECURITIES AND SECURITY

    

    
      	
              Section
                1.1

            	
              SALE
                OF
                SECURITIES:

            	
              Subject
                to the terms and conditions set forth in this Agreement, Seller shall
                transfer and convey the Securities to Buyer, free and clear of any
                and all
                liens, claims, and encumbrances, whatsoever, and Buyer shall purchase
                the
                Securities from Seller (the “Transaction”).

            

    

    

    
      	
              Section
                1.2

            	
              CONSIDERATION:

            	
              As
                payment for the transfer of the Securities by Seller to Buyer, Buyer
                shall
                deliver a convertible promissory note in the principal amount of
                Two
                Hundred Thousand Dollars ($200,000) at Closing.

            

    

    

    ARTICLE
      II

    PRECONDITIONS
      TO CLOSING

    

    
      	
              Section
                2.1

            	
              CONDITIONS
                TO
                CONSUMMATION OF THE TRANSACTION:  The respective
                obligations of the parties with respect to this Transaction shall
                be
                subject to satisfaction of conditions customary to transactions of
                this
                type, including without limitation, (a) execution of this Stock Purchase
                Agreement by all parties; (b) absence of pending or threatened litigation,
                investigations or other matters affecting the Securities or the
                Transaction. 

            

    

    

    
      	
               

            	
              ARTICLE
                III 

            

    

    
      	
               

            	
              REPRESENTATIONS
                AND WARRANTIES OF SELLER 

            

    

    

    Seller
      represents and warrants that at the time of the execution of this Agreement
      and
      at the Closing thereof:

    

    
      	
              Section
                3.1

            	
              MARKETABLE
                TITLE:

            	
              The
                Seller shall convey to Buyer good and marketable title in and to
                the
                Securities, free and clear of any and all liens, claims, encumbrances,
                including, but not limited to, any and all pledges and security interests,
                and all other defects of title of any type whatsoever;
                

            

    

    

    
      	
              Section
                3.2

            	
              AUTHORITY:

            	
              The
                Seller have the right, power, legal capacity and authority to enter
                into
                and perform its obligations under this Agreement and no approvals
                or
                consents of any persons or entities are necessary in connection with
                it;
                

            

    

    

    
      	
              Section
                3.3

            	
              OUTSTANDING
                CLAIMS,
                SUITS OR ACTIONS:

            	

            	
                          Seller
                is not aware of any outstanding claims, suits or actions or potential
                claims, suits or actions in connection with the Securities.
                

            

    

    

    

    
      	
               

            	
              ARTICLE
                IV 

            

    

    
      	
               

            	
              REPRESENTATION
                AND WARRANTIES OF THE BUYER 

            

    

    

    
      	
               

            	
              The
                Buyer represents and warrants that:

            

    

    

    
      	
              Section
                4.1

            	
              The
                Buyer is a sophisticated investor. The Buyer has the financial ability
                to
                bear the economic risk of this transaction.

            

    

    

    Section
      4.2                                
The Buyer:

    

    (a)           
      Has evaluated the risks of a purchase of the Securities and has relied solely
      upon its own investigation of TRES.OB;

    

     (b)           
      is an accredited investor as that term is defined in rule 501(a) of Regulation
      D
      under the Securities Act of 1933, as amended;

    

    
      	
              Section
                4.3

            	
              The
                Buyer is not relying on the Seller, or any of his affiliates, or
                this
                Agreement, with respect to the Buyer’s tax consequences with respect to
                the purchase of the Securities. 

            

    

    

    
      	
              Section
                4.4

            	
              corporate
                Buyer has full power and authority to enter into this Agreement.
                

            

    

    

    ARTICLE
      V

    THE
      CLOSING

    

    
      	
              Section
                5.1

            	
              SELLER’S
                OBLIGATIONS:

            	
              At
                the Closing or as soon thereafter as is practicable, Seller shall
                deliver
                to Buyer: 

            

    

    

    
      	
              (a)  

            	
              The
                stock certificate or certificates representing the Securities, endorsed
                for transfer to the Buyer and accompanied by one or more irrevocable
                stock
                powers duly executed by Seller and medallion guaranteed to the
                Buyer.  In the alternative, Seller may deliver the Securities
                via DTC transfer.

            

    

    

    
      	
              Section
                5.2

            	
              BUYER’
                OBLIGATIONS:

            	
              At
                the Closing, Buyer shall deliver to Seller the following:
                

            

    

    

    (a)           
      A convertible promissory note in the principal sum of $200,000 the form of
      which
      is attached as Exhibit “A”.

    

    
      	
               

            	
              ARTICLE
                VI 

            

    

    
      	
               

            	
              MISCELLANEOUS
                

            

    

    

    
      	
              Section
                6.1

            	
              EXPENSES.

            	
              Each
                of the parties shall be responsible for their own expenses in connection
                with this Agreement and consummation of the transaction contemplated
                hereby. 

            

    

     

    
      	
              Section
                6.2

            	
              ASSIGNMENT:
                This Agreement is not assignable. 

            

    

    

    
      	
              Section
                6.3

            	
              NOTICES:

            	
              Unless
                otherwise changed by written notice, any notice or other communications
                required or permitted hereunder shall be deemed given if sent postage
                prepaid, return receipt requested, addressed to the respective party
                at
                the address set forth on the signature page of this Agreement.
                

            

    

    

    
      	
              Section
                6.4

            	
              BINDING
                EFFECT:
                This Agreement shall be binding upon the parties hereto and their
                representatives, executors, distributees, successors and permitted
                assigns. 

            

    

    

    
      	
              Section
                6.5

            	
              GOVERNING
                LAW:

            	
              This
                Agreement shall be interpreted in accordance with and governed by
                the laws
                of the State of Texas. 

            

    

    

    
      	
              Section
                6.6

            	
              ENTIRE
                AGREEMENT:

            	
              This
                Agreement embodies the entire agreement between the parties hereto
                with
                respect to the subject matter hereof and supersedes all prior
                negotiations, agreements and understandings, whether written or oral.
                This
                Agreement may not be changed, waived, discharged or terminated except
                by
                an instrument in writing signed by the party against whom enforcement
                of
                the change, waiver, discharge or termination is sought.
                

            

    

    

    
      	
              Section
                6.7

            	
              COUNTERPARTS:

            	
              This
                Agreement may be executed in counterparts, each of which shall be
                deemed
                an original and such counterparts, taken together, shall constitute
                one
                Agreement. 

            

    

    

    
      	
              Section
                6.8

            	
              NO
                BROKER:  No person or entity is entitled to fees or
                commissions in connection with the purchase hereunder and the Seller
                shall
                be solely responsible for any taxes including stock transfer taxes.
                

            

    

    

    
      	
              SELLER:

            	
              BUYER:
                

            

    

    

    NEWSGRADE
      CORPORATION                                           IELEMENT
      CORPORATION

     

    

     

    ________________________                                              
      _____________________________

     

    By:
      Carl
      Shaifer                                                                           
By: Ivan Zweig

    Its:
      ___________________                                                     Its:___________________________

    Dated:________________________                                    Dated:________________________

     

    1

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