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Converted by EDGARwiz

  
 

 ADDENDUM EMPLOYMENT AGREEMENT
 

 AGREEMENT made and entered into as of this 30 December 2010 between National Automation Services, Inc., a Nevada Company (the “Company, NAS and Subsidiaries, we, or us") having an address at 2470 St Rose Parkway Suite 314, Henderson, Nevada 89074 and David Marlow (“Employee”), residing at 10505 W. Mars, Rd., Tucson, AZ 85743.
 W I T N E S S E T H:
 

 WHEREAS, Employee is presently engaged by the Company; and
 

 WHEREAS, the Company and the Employee desire to set forth the terms of the VP of Sales and Marketing services with the Company, pursuant to the terms and conditions hereof
 

 NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the parties hereto agree with each other as follows:
 

 1. Term of Employment. The Company agrees to and does hereby employ Employee, and Employee agrees to and does hereby accept employment by the Company, as the VP Sales and Marketing of the Company, subject to the supervision and direction of its Board of Directors and Audit Committee, for a period of two years commencing on the date of the agreement and concluding on December 31, 2012 (the "Term").
 

 2. Duties of Employee. Employee shall devote such time, attention and energy to the affairs of Company as shall be reasonably required to perform the duties hereunder, and, in pursuance of the policies and directions of the Board of Directors, Employee shall use his best efforts to promote the business and affairs of the Company.  
 

 3. Base Compensation. In consideration of the Employee's services pursuant to this Agreement, Company shall pay to Employee, during the period of Employee's employment under this Agreement (the "Base Compensation"), (i) a salary at the rate of $104,000.00 per annum period in accordance with the terms and conditions of this Agreement.  The Base Compensation shall be payable in bi-monthly equal installments, in accordance with the Company's customary procedures for payroll of employees, subject to applicable tax and payroll deductions.
 

 4. Incentive Compensation. 
 

 (I) In addition to Duties of Employee set forth in paragraph 2, pursuant to this Agreement, Employee shall receive, as additional compensation for the services be rendered by Employee under this Agreement, incentive compensation based on the Company’s aggressive growth and acquisition strategy, fund raising efforts, etc. in their development stage and upon growth maturity as follows:
 

 A.
 In consideration of the Employee's services performed, the Company shall pay to Employee, under this Agreement (the "Additional Services Rendered within this Agreement"), 1,000,000 shares of restrictive stock upon execution of this employment agreement. 
 

 

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 5. Other Benefits. 
 

 (a) During the term of this Agreement the Employee shall be able to participate in all insurance and benefit plans (i.e. health care, life insurance, disability, etc.), stock options, profit sharing plans, and travel accidental death and dismemberment plans adopted by the Company and shall be covered under the Company’s D&O Insurance policy as an indemnified party through out the terms and conditions set forth herein.  The Employee agrees to aid the Company in procuring such insurance, including submitting to a physical examination, if required, and completing any and all forms required for application for any insurance policy.
 

 6. Expenses. The Company shall pay all ‘travel and related’ out-of-pocket expenses in accordance with the Company’s Travel and Expense Policy and reimburse Employee for all reasonable and necessary expenses incurred by him in connection with his duties hereunder, upon submission by Employee to the Company of such reasonable evidence of such expenses as the Company may require.
 

 7. Disclosure of Information. The Employee shall, during his employment under this Agreement and thereafter, keep confidential and refrain from disclosing to any unauthorized persons all data and information relating to the respective businesses of the Company or any of its subsidiaries.
 

 8. Intellectual Property Rights. 
 

 (a) The Employee shall promptly disclose to the Company in writing, any and all cash flow models, financial statements, schedules, etc., whether or not copyrightable or patentable, secret processes and "know-how," conceived by the Employee during the term of his employment by the Company (the "Employee's Work Product"), whether alone or with others and whether during regular working hours and through the use of facilities and property of the Company or otherwise, which directly relates to the present business of the Company. Upon the Company's request at any time or from time to time during the Term of the Employee's employment, the Employee shall (i) deliver to the Company copies of the Employee's Work Product that may be in his possession or otherwise available to him, and (ii) execute and deliver to the Company such applications, assignments and other documents as it may reasonably require in order to apply for and obtain copyrights or patents in the United States of America and other countries with respect to any Employee's Work Product that it deems to be Copy right able or patentable, and/or otherwise to vest in itself full title thereto.
 

 (b) All documents that pertain to the Company, including but not limited to the Employee's Work Product, shall be the sole and exclusive property of the Company. Upon the termination of the Employee's employment, all such documents that may be in his possession or otherwise available to him or shall thereafter come into his possession or control shall be promptly returned to the Company without the necessity of a request.
 

 (c) During the course of normal operations, the Employee may need to electronically transmit confidential information to the Company and to outside shareholders, specialists, consultants, and auditors.  E-mail is a fast and convenient way to communicate.  However, e-mail travels over the public Internet, which is not a secure means of communication and, thus confidentiality could be compromised.  The Company agrees to the use of e-mail and other electronic methods to transmit and receive information including confidential information, between the Employee, outside shareholders, investors, specialists, consultants, and auditors.  
 

 

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 9. Termination. This Agreement and Employee's employment may be terminated in any one of the followings ways:
 

 (a) Death. The death of Employee shall immediately terminate this Agreement with no severance compensation due to Employee's estate.
 

 (b) Disability. If, as a result of incapacity due to physical or mental illness or injury, Employee shall have been absent from his full-time duties hereunder for more than (1) consecutive month, then thirty (30) days after receiving written notice (which notice may occur before or after the end of such one (1) month period, but which shall not be effective earlier than the last day of such one (1) month period), the Company may terminate Employee's employment hereunder provided Employee is unable to resume his full-time duties at the conclusion of such notice period. Also, Employee may terminate this employment hereunder if his health should become impaired to an extent that makes the continued performance of his duties hereunder hazardous to his physical or mental health or his life, provided that Employee shall have furnished the Company with a written statement from a qualified doctor to such effect and provided, further, that, at the Company's request made within thirty (30) days of the date of such written statement, Employee shall submit to an examination by a doctor selected by the Company who is reasonably acceptable to Employee or Employee's doctor and such doctor shall have concurred in the conclusion of Employee's doctor. In the event this Agreement is terminated as a result of Employee's disability, Employee shall (i) receive from the Company, in a lump-sum payment due within thirty (30) days of the effective date of termination, the base salary for three (3) months and all restricted 144a common stock shares (“Certificates, Legend and Medallions”) as set forth within the terms and conditions of the agreement herein after such termination.
 

 (c) Good Cause. The Company may terminate this Agreement ten (10) days after written notice to Employee for "Good Cause," which shall mean any one or more of the following: (1) Employee's willful, material and irreparable breach of this Agreement; (2) Employee's gross negligence in the performance or intentional nonperformance (continuing for ten (10) days after receipt of written notice of need to cure) of any of Employee's material duties and responsibilities hereunder; (3) Employee's willful dishonesty, fraud or misconduct with respect to the business or affairs of the Company which materially and adversely affects the operations or reputation of the Company; (4) Employee's confirmed positive illegal drug test result. In the event of a termination for Good Cause, as enumerated above, Employee shall have no right to any severance compensation.
 

 (d) Without Good Cause. At any time after the commencement of employment, Employee may, without cause, terminate this Agreement and Employee's employment, effective thirty (30) days after written notice is provided to the Company. Employee may only be terminated without Good Cause by the Company during the Term hereof if such termination is approved by a 100% of the members of the Board of Directors (“All Board of Director Members”) of the Company and provided that the Employee receives at least one (1) month written notice. Should Employee terminate with Good Reason or in the event that Employee is terminated without Good Cause during the Term, Employee shall receive from the Company, on such dates as would otherwise be paid by the Company, the lesser of the base salary at the rate then in effect for a period of one year (1) and all restricted 144a common stock shares (“Certificates, Legend and Medallions”) as set forth within the terms and conditions of the agreement herein after such termination. Further, if Employee is terminated without Good Cause or terminates his employment hereunder with Good Reason, (a) the Employee shall be entitled to receive a prorated portion of any discretionary incentive compensation to which the Employee would have been entitled to for the term during which the termination occurred had the Employee not been terminated, (b) the Employee shall be entitled to receive all other unpaid benefits due and owing through Employee's last day of employment. If Employee resigns or otherwise terminates his employment without Good Reason, rather than the Company terminating his employment pursuant to this paragraph 12, Employee shall receive no severance compensation. 
 

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 10. Indemnification. In the event Employee is made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by the Company against Employee), by reason of the fact that he is or was performing services under this Agreement, then the Company shall indemnify Employee against all expenses (including attorneys' fees), judgments, fines and amounts paid in settlement, as actually and reasonably incurred by Employee in connection therewith to the maximum extent permitted by applicable law. The advancement of expenses shall be mandatory. In the event that both Employee and the Company are made a party to the same third-party action, complaint, suit or proceeding, the Company agrees to engage competent legal representation, and Employee agrees to use the same representation, provided that if counsel selected by the Company shall have a conflict of interest that prevents such counsel from representing Employee, Employee may engage separate counsel and the Company shall pay all attorneys' fees of such separate counsel. Further, while Employee is expected at all times to use his best efforts to faithfully discharge his duties under this Agreement, Employee cannot be held liable to the Company for errors or omissions made in good faith where Employee has not exhibited gross, willful and wanton negligence and misconduct or performed criminal and fraudulent acts which materially damage the business of the Company.
 

 11. Effect of Waiver. The waiver by either party of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach thereof.
 

 12. Assignment. Employee shall not be entitled to assign his rights, duties or obligations under this Agreement.
 

 13. Amendments. The terms and provisions of this Agreement may be amended or modified only by a written instrument executed by the party to be charged by such amendment or modification.
 

 14. Governing Law. The terms and provisions herein contained and all the disputes or claims relating to this Agreement shall be governed by, interpreted and construed in accordance with the internal laws of the State of Nevada, without reference to its conflict of laws principles.
 

 15. Arbitration. 
 

 (a) In the event of a dispute between the parties arising out of or relating to this Agreement, or the breach thereof, the parties shall make every effort to amicably resolve, reconcile, and settle such dispute between them. Should an amicable resolution not be possible, either party may invoke arbitration.
 

 (b) Subject to the provisions of Section 11(c) (ii) hereof, all claims, disputes and other matters in controversy arising out of or related to this Agreement or the performance or breach hereof, shall be decided by non-binding arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association (the "AAA Rules").
 

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 16. Captions. The captions of the sections of this Agreement are for convenience of reference only and in no way define, limit or affect the scope or substance of any section of this Agreement.
 

 17. Merger and Severability. This Agreement shall constitute the entire Agreement between the Company and Employee with respect to the subject matter hereof. The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.
 

 18. Counterparts; Facsimile. This Agreement may be executed by facsimile and in two (2) or more counterparts, each of which shall be deemed an original and all of which together shall constitute but one and the same instrument.
 

 IN WITNESS WHEREOF, the parties hereto have affixed their signatures the day and year first above written.
 

 National Automation Services, Inc.
 

 

 

 

 	
	 

 December 30, 2010

	 Date

	  

 

 	
	 /s/ Robert Chance

	 Robert Chance

	 CEO of NAS, Acting Chairman of the Board of Directors 

 

 

 	
	 

 December 30, 2010

	 Date

	  

 

 	
	 /s/ David Marlow

	 David Marlow

	 VP Sales and Marketing
 10505 W. Mars
 Tucson, AZ 85743

 

 

 

 

 

 

 5Converted by EDGARwiz

FINDERS FEE AGREEMENT

This is an agreement made by and between National Automation Services, Inc., "NASV", ("Seller") and Newport Coast Securities, Inc. ("Finder").

Stock. Seller seeks a purchaser of some of its restricted National Automation Services, Inc. shares ("Securities") at $.02 per share, from a qualified sophisticated investor. Finder represents to Seller that he has access to sophisticated investors and believes that he can introduce parties interested in investing in the Company.

1.

Legal Compliance. In connection with introduction to investors, Finder shall comply with all applicable laws and shall specifically, but not as a limitation thereof, comply with the requirements set forth in Rule 506 of Regulation D under the Securities Act of 1935, as amended. Finder represents and warrants that it has all permits, licenses and registrations required to perform the services hereunder.

2.

Nonexclusive Right. For a period of 5 days after the date hereof, Finder shall have the non-exclusive right to introduce prospective investors to the Company who meet the definition of "accredited investors" under SEC Rule 506, and who may or may not be already known to the Seller ("Qualified Investors").

3.

Acceptance of Investors. The decision to accept a Qualified Investor as an owner of the restricted shares in the Company is in the sole discretion of the Seller.

4.

Fee. In the event that a Qualified Investor is accepted by the Seller, and the Qualified Investor closes the purchase of the restricted shares in the Company within 5 days of the date hereof, then the Company shall pay Finder a finder's fee (i) equal to ten percent (10%) plus a (2%) non accountable expense fee on the dollar amount of Securities purchased by the Qualified Investors and (ii) the Seller shall issue restricted National Automation Services, Inc. shares equal to fourteen percent (14%) of the number of shares issued at $.02 per share and yet to be issued if additional shares are paid to investors. The 10% plus 2% fee and restricted stock shall be paid to Finder and or it's assignees at closing of the sale of the Securities to the Qualified Investor and (iii) In consideration for Finder entering into this Agreement, without any guarantee from Finder as to the consummation of a transaction between Seller and a Qualified Investor, Seller shall immediately transfer 300,000 restricted shares of the Company's common stock held by Seller to Finder, or its assignees. Any Warrants issued in this agreement that are exercised with cash, NASV will pay Finder a commission of 8% of the cash amount for a period of the later of: 60 months from the initial closing of this offering or the expiration of the Warrants. Finder shall notify Qualified Investors that he will receive a finder's fee in the event of the sale of the Securities to Qualified Investors. If the Company or Seller raises funds in the next 5 years from the Investors in this agreement, or any documented accredited individual, entity or institution which is introduced to NASV by the Finder, and does not place it through the Finder or Bret Williams, then the same fee structure shall apply and be paid to the Finder or Bret Williams. If the Finder's fee of 10% plus 2% is not paid to the Finder within 5 calendar days of Seller completing a transaction with a Qualified Investor, and/or if the required restricted NASV shares are not received by Finder and or Assignee within I5 days of closing this transaction then Seller shall transfer an additional 300,000 shares of the Company's common stock held by Seller as a late fee. Seller shall still be required to pay Finder the Finder's fee of 12%.

5.

Expenses. The Company shall bear all costs and expenses incident to the issuance, offer, sale and delivery of the Securities, including without limitation due diligence expenses and the legal expenses of legal counsel for both the Company and the Finder. The Company agrees to reimburse Finder for reasonable out-of-pocket expenses, which include postage, copy/printing, travel, conference room, hotel/meals if required, all bank and escrow fees and any other reasonable expense pertaining to the offering. The Company shall also bear all fees required for future opinion letters if required for any stock issued in the Offering. Upon request by the Finder or its Assignees for an opinion letter, the Company will provide a legal opinion within 7 business of the request. A fee of $SOO per day per Investment Banking person will be paid to the Finder by the Company for required out of town trips for due diligence and road shows. The Company shall pay Finder all documented expenses within five (S) business days of the Company's receipt of such documented expenses. The documented expenses may be deducted at each Closing. Except for legal expenses, any expense over $2,500 must be approved by the Company. All fees and expenses payable hereunder are payable in cash, unless otherwise noted, and shall be a condition to each closing. The Finder has the right, for a period of 60 days after NASV pays all commissions and fees, to invest all commissions and fees back into NASV shares at the same price and agreement as the current investors.

6.

Indemnification. The Seller and the Company agrees to indemnify and hold 'harmless the Finder, and its affiliates, directors, officers, agents, attorneys, and employees, and each other person, if any, controlling the Finder or any of their respective affiliates (collectively the "Indemnified Persons"), from and against any losses, claims, damages, liabilities or expenses (or actions, including shareholder actions, in respect thereof), related to or arising out of such engagement or the Finder's role in connection therewith, and will reimburse the Indemnified Persons for all reasonable expenses (including out-of-pocket expenses and any Indemnified Persons counsel fees and expenses subject court approval) as they are incurred by the Indemnified Persons in connection with investigating" preparing or defending any such action or claim, whether or not in connection with pending or threatened litigation in which Finder or any Indemnified Person is a party. The Seller or Company will not, however, be responsible for any Indemnified Persons gross negligence, willful misconduct or bad faith. The Seller and Company also agrees that none of the Indemnified Persons shall have any liability to the Seller or Company for or in connection with the servicers or matters pertaining to this Agreement except for any such liability for losses, claims, damages, liabilities or expenses incurred by the Seller or Company that results from any Indemnified Persons gross negligence, willful misconduct or bad faith. If the foregoing indemnity is unavailable or insufficient to hold the Indemnified Persons harmless, then the Seller and Company shall contribute to the amount paid or payable by the Indemnified Persons, in respect of the Indemnified Persons, for losses, claims, damages, liabilities, or expenses in such proportion as appropriately reflects the relative benefits received by, and fault of, the Seller or the Company, on the one hand and the Indemnified Persons, on the other, in connection with the matters as to which such losses, claims, damages, liabilities or expenses relate and other equitable considerations. The foregoing Agreement shall be in addition to any rights that Indemnified Person or the Seller and Company may have at common law or otherwise. If any action, proceeding, or investigation is commenced as to which an Indemnified Person demands indemnification, the Indemnified Person shall have the right to retain counsel of its own choice to represent it, the Seller or Company shall pay the reasonable fees and expenses of such counsel, and such counsel shall to the extent consistent with its professional responsibilities cooperate with the company and any counsel designated by the Seller or Company; provided that the Seller or Company shall not be responsible for the fees and expenses of more than one counsel.

7.

Miscellaneous. This letter shall be governed by the substantive laws of the State of California without regard to conflict of law principles. This letter constitutes the entire understanding and agreement between the parties hereto and their affiliate with respect to its subject matter and supersedes all prior or contemporaneous agreements, representations, warranties and understandings of such parties (whether oral or written). No promise, inducement, representation or agreement, other than as expressly set forth herein, has been made to or by the parties hereto. This letter may be amended only by written agreement, signed by the parties to be bound by the amendment. Evidence shall be inadmissible to show agreement by and between such parties. to any term or condition contrary to or in addition to the terms and conditions contained in this letter. This letter shall be construed according to its fair meaning and not strictly for or against either party.

Date: March 15, 2011

Seller: National Automation Services, Inc.

Signature: /s/ Robert W. Chance

By: Robert Chance

CEO 

National Automation Services, Inc.

P.O. Box 531744

Henderson, NY 89053

Finder: Newport Coast Securities, Inc.

Signature: /s/ Kathy McPherson

By: Kathy McPherson

CEO

Newport Coast Securities, Inc.

18872 Mac Arthur Blvd, 151 Fl

Irvine, CA 92612

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