Document:

exhibit_10-26.htm

Exhibit 10.26

 

CONSULTING AGREEMENT

THIS CONSULTING AGREEMENT (the “Agreement”) is between Redfin Network, Inc. (RFNN.PK) having its principal place of business at 1500 W. Cypress Creek Rd, Suite 411, Ft. Lauderdale, FL, 33309 (hereinafter referred to as “COMPANY”); and Undiscovered Equities, 101 Plaza Real South, Suite 212, Boca Raton, FL 33432, (hereinafter referred to as the “Consultant”) on this 20th day of June, 2011.

WHEREAS, the Consultant is in the business of assisting public companies in financial advisory, strategic business planning, and investor and public relations services designed to make the investing public knowledgeable about the benefits of stock ownership in the Company; and

WHEREAS, the Consultant may, during the period of time covered by this Agreement, present to the Company one or more plans of public and investor relations to utilize business entities to achieve the Company’s goals of making the investing public knowledgeable about the benefits of stock ownership in the Company; and

WHEREAS, the Company recognizes that the Consultant is not in the business of stock brokerage, investment advice, activities which require registration under either the Securities Act of 1933 (hereinafter “the Act”) or the Securities and Exchange Act of 1934 (hereinafter “the Exchange Act”), underwriting, banking, is not an insurance Company, nor does it offer services to the Company which may require regulation under federal and state securities laws; and

WHEREAS, the Company’s transfer agent is First American Stock Transfer, Inc., and

WHEREAS, the parties agree, after having a complete understanding of the services desired and the services to be provided, that the Company desires to retain Consultant to provide such assistance through its services for the Company, and the Consultant is willing to provide such services to the Company;

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

	
  

	
1.

	
Duties and Involvement.

The Company hereby engages Consultant to provide one or more plans, and for coordination in executing the agreed-upon plan, for using various investors and public relations services as agreed by both parties. The plan may include, but not by way of limitation, the following services: consulting with the Company’s management concerning investor accreditation, availability to expand investor base, investor support, strategic business planning, broker relations, and recommend financing alternatives and sources. In addition, these services may include personal consultant services, conferences, and seminars including, but not by way of limitation, due diligence meetings and investor conferences. No information shall be disseminated by the Consultant or its subcontractors without the Company’s approval.

  

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2.

	
Relationship Among the Parties.

Consultant acknowledges that it is not an officer, director or agent of the Company, it is not, and will not, be responsible for any management decisions on behalf of the Company, and may not commit the Company to any action. The Consultant does not, through stock ownership or otherwise, have the power to either (i) to control the Company, or to exercise any dominating influences over its management.

Consultant understands and acknowledges that this Agreement shall not create or imply any agency relationship among parties, and Consultant will not commit the Company in any manner except when a commitment has been specifically authorized in writing by the Company. The Company and the Consultant agree that the relationship among the parties shall be that of independent contractor.

	
  

	
3.

	
Effective Date and Term.

Company and Consultant agree that the Consultant will commence significant duties pursuant to Section 1 of this Agreement on June 20th, 2011, (the “Effective Date”) and shall continue until December 19th, 2011 (the “Expiration Date”).

	
  

	
4.

	
Compensation and Payment of Expenses.

	
  

	
(a)

	
Compensation shall include one million restricted shares of RFNN common stock. 500,000 shares due upon signing, the balance due July 20th 2011.

	
  

	
5.

	
Consultant’s Representations.

	
  

	
(a)

	
Receipt of information. Consultant has received all information set forth and referenced to in Company’s press releases and business plan. Furthermore, Consultant has received all information necessary for it to make an informed investment decision.

	
  

	
(b)

	
Investment Experience. Consultant represents that it is experienced in evaluating and investing in securities and in companies similar to Company and acknowledges that it can fend for itself, can bear the economic risk of its investment, and has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of the investment. Consultant further represents that it has not been organized solely for the purchase of the Company’s Common Stock.

  

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(c)

	
Accredited Investor. Consultant represents that it is an “accredited investor” as that term is defined in SEC rule 501(a) of Regulation D, 17 C.F.R.501(a).

	
  

	
6.

	
Services Not Exclusive.

Consultant shall devote such of its time and effort necessary to the discharge of its duties hereunder. The Company acknowledges that Consultant is engaged in other business activities, are that it will continue such activities during the term of this Agreement. Consultant shall not be restricted from engaging in other business activities during the term of this Agreement.

	
  

	
7.

	
Confidentiality.

Consultant acknowledges that may have confidential information regarding the Company and its business. Consultant agrees that it will not, during or subsequent to the term of this Agreement, divulge, furnish or make accessible to any person (other than with the written permission of the Company) any knowledge or information or plans of the Company with respect to the Company or its business, including, but not by way of limitation, the products of the Company, whether in the concept or development stage, or being marketed by the Company on the effective date of this Agreement or during the term hereof.

	
  

	
8.

	
Covenant Not to Compete.

During the term of this Agreement, Consultant warrants, represents and agrees that it will not directly participate in the information developed for and by the Company, and will not compete directly with the Company in the Company’s primary industry or related fields.

	
  

	
9.

	
Indemnification.

Company agrees to indemnify and hold harmless the Consultant and its respective agents and employees, against any losses, claims, damages or liabilities, joint or several, to which either party, or any such other person, may become subject, insofar as such losses, claims, damages or liabilities (or actions, suits or proceedings in respect thereof) arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; and will reimburse the Consultant, or any such other person, for any legal or other expenses reasonably incurred by the Consultant, or any such person, in connection with investigation or defending any such loss, claim, damage, liability, or action, suit or proceeding.

  

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10.

	
Investment Representation.

	
  

	
(a)

	
The Company represents and warrants that it has provided Consultant with access to all information available to the Company concerning its condition, financial and otherwise, its management, its business and its prospects. The Company represents that it has provided to Consultant with all copies of the Company’s financials, merger documents, press releases for the prior twelve (12) months, if any, (the “Disclosure Documents”) made under the rules and regulations promulgated under the Act, as amended, or the Exchange Act, as amended including but not limited to its 15(c) 2-11 filing and all other document relating to its trading on the Over the Counter Bulletin Board. Consultant acknowledges that the acquisition of the securities to be issued to Consultant involves a high degree of risk. Consultant represents that it and its advisors have been afforded the opportunity to discuss the Company with its management. The Company represents that it has and will continue to provide Consultant with any information or documentation necessary to verify information contained in the Disclosure Documents, and will promptly notify Consultant upon the filing of any registration statement or other periodic reporting documents filed pursuant to the Act or the Exchange Act. The Company hereby represents that it does not currently have any of its securities in registration.

	
  

	
(b)

	
Consultant represents that neither it or its officers, directors, or employees are not subject to any disciplinary action by either the National Association of Securities Dealers or the Securities and Exchange Commission by virtue of any violation of their rules and regulations and that to the best of it knowledge, neither is its affiliates nor subcontractors subject to any disciplinary action.

	
  

	
11.

	
Miscellaneous Provisions.

	
  

	
(a)

	
Time. Time is of the essence of this Agreement.

	
  

	
(b)

	
Presumption. This Agreement or any section thereof shall not be construed against any party due to the fact that said Agreement or any section  therof was drafted by said party.

	
  

	
(c)

	
Computation of Time. In computing any period of time pursuant to this Agreement, the day of the act, event or default from which the designated period of time begins to run shall be included, unless it is a Saturday, Sunday or a legal holiday, in which event the period shall begin to run on   the next day which is not a Saturday, Sunday or legal holiday, in which event the period shall run until the end of the next day thereafter which is not a Saturday, Sunday or legal holiday.

  

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(d)

	
Titles and Captions. All article, section and paragraph titles or captions contained in this Agreement are for convenience only and shall not be deemed part of the context nor affect the interpretation of this Agreement.

	
  

	
(e)

	
Pronouns and Plurals. All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural as the identity of the Person or Persons may require.

	
  

	
(f)

	
Further Action. The parties hereto shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary or appropriate to achieve the purpose of this Agreement.

	
  

	
(g)

	
Good Faith, Cooperation and Due Diligence. The parties hereto covenant, warrant and represent to each other good faith, complete cooperation, due diligence and honesty in fact in the performance of all obligations of the parties pursuant to this Agreement. All promises and covenants are mutual and dependent.

	
  

	
(h)

	
If any provision of this Agreement, or the application of such provision to any person or circumstance, becomes or is found to be illegal, shall be held invalid, or unenforceable for any reason, such clause provision must first be modified to the extent necessary to make this Agreement legal and enforceable and then if necessary, second, severed from the remainder of the Agreement to allow the remainder of the Agreement to remain in full force and effect.

	
  

	
(i)

	
Assignment. This Agreement may not be assigned by either party hereto without the written consent of the other, but shall be binding upon successors of the parties.

	
  

	
(j)

	
Notices. All notices required or permitted to be given under this Agreement shall be given in writing and shall be delivered, either personally or by express delivery service, to the party to be notified. Notice to each party shall be deemed to have been duly given upon delivery, personally or by courier (such as Federal Express or similar express delivery service), addressed to the attention of the officer at the address set forth heretofore, or to such other officer or addresses as either party may designate, upon at least ten (10) days’ written notice, to the other party.

  

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(k) 

	
Governing Law and Venue. The Agreement shall be construed by and enforced in accordance with the laws of the State of Florida and venue shall rest solely in the state and courts any jurisdiction in the State of Florida.

	
  

	
(l)

	
Entire Agreement. This Agreement contains the entire understanding and agreement among the parties. There are no other agreements, conditions or representations, oral or written, express or implied, with regard thereto. This Agreement may be amended only in writing signed by all parties.

	
  

	
(m)

	
Waiver. A delay or failure by any party to exercise a right under this Agreement, or a partial or single exercise of that right, shall not constitute a waiver of that or any other right.

	
  

	
(n)

	
Counterparts. This Agreement may be executed in duplicate counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. In the event that the document is signed by one party and faxed to another, the parties agree that a fixed signature shall be binding upon the parties to this agreement as thought the signature was an original.

	
  

	
(o)

	
Successors. The provisions of this Agreement shall be binding upon all parties, their successors and assigns; provided that this Agreement may not be assigned by either Company or Consultant without the express written consent of the other.

	
  

	
(p)

	
Counsel. The parties expressly acknowledge that each has been advised to seek separate counsel for advice in this matter and has been given a reasonable opportunity to do so.

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement to be effective as of the day and year provided herein.

________________________

Jeffrey L. Schultz, CEO

Redfin Network, Inc.

_________________________

Kevin McKnight, President

                Undiscovered Equities, Inc

 

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Exhibit 10.27

CONSULTING AGREEMENT

This Consulting Agreement is made effective as of the date by which by both parties have executed this Consulting Agreement by and between RedFin Networks, Inc      located at Ft. Lauderdale, Florida (“Client”) and Anadyne Enterprises, LLC (“Consultant”) a Florida Limited Liability Corporation with offices in Gulfstream, Florida.

WHEREAS, Consultant provides consulting services relating to the financial services, electronic transaction processing, merchant acquiring and credit card issuing industries, which services include business development and employee recruiting ; and

WHEREAS, Client desires to engage Consultant to provide consulting services pursuant to the terms of this Consulting Agreement.

NOW THEREFORE, the parties agree as follows:

1.       DESCRIPTION OF SERVICES.  Beginning on the effective date, Consultant will provide the Services, or as may be specifically requested by Client from time to time, (collectively, the "Services") which will be outlined in Attachment A of this Agreement.  Client can renew this Agreement with the expectation to continue “Consultant’s” services to provide such Business Development Services as required by the client as on behalf of Client, these Services will be described in future Attachment(s)  to this Agreement in a form similar to Attachment A of this Agreement.  Further, at the Clients sole option Consultant shall serve on an Advisory Board assembled by Client. Such service will be performed on an “at will” basis for the Client.

2.        PERFORMANCE OF SERVICES.  The manner in which the Services are to be performed, the employees of Consultant assigned to various phases of the project and the specific hours to be worked by Consultant shall be determined by Consultant.

3.        FEES & PAYMENT.  Client will pay a fee to Consultant for the Services rendered at a rate of:

Months 1-3 $2,500 Cash 

Months 1-6  $15,000 Cash-Convertible Stock as described in Attachment B of this Agreement.

Additionally, the Consultant will be given negotiated Stock Awards on a project by Project basis reflective of Consultant adding Value to Clients Business in a manner with Incentive Alignment(s) to the Benefit of the Client and Consultant. At the option of the Parties certain other compensation may be in the form of a Commissions, Warrants and or Residuals to be negotiated mutually by the parties and determined on a Project by project basis.

  

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Any subsequent payments for consulting services are due within ten (10) days of receipt of Consultant’s invoice. “Client” will electronically deposit funds into a bank account of Anadyne Enterprises, LLC “Consultant” at a bank to be determined Routing Number 267084131 Account Number 4863892068 upon execution of this Agreement and subsequent payments as they become due, or any other designated bank account with notice.

4.        EXPENSE REIMBURSEMENT. Consultant shall be entitled to reimbursement from Client for all reasonable, documented "out-of-pocket" expenses, which shall include coach airfare, hotel and meals, mileage and tolls for trips outside of Consultant’s area, photocopies, facsimiles, and any other reasonable, documented related expenses incurred upon Client’s request by Consultant.

5.        SUPPORT SERVICES IN CLIENT’S OFFICE.  Client will provide all reasonable necessary and appropriate office support services for the benefit of Consultant while the Services herein are being performed in Client’s offices.  Such support shall include an office, or other work area, telephone (local and long distance), facsimile (local and long distance), and assistance and cooperation from Client personnel as needed.

6.       NEW PROJECT APPROVAL. Consultant and Client recognize that the Services may be comprised of phases, the scope of which may be determined and agreed to on an ongoing basis. Consultant may work on a variety of projects for Client, as agreed to between the parties from time to time.

7.        TERM/TERMINATION.  The term of this Consulting Agreement shall be on a six (6) month calendar year basis. At the end of six (6) month calendar year basis term, the Client and Consultant will engage in a Joint Venture to be described on a separate document titled “Joint Venture Agreement”. The termination of the Consulting Agreement shall not alter or change the obligation of Client to pay all accrued but unpaid amounts for consulting Services, related expenses, and any and all future commissionable earnings.

8.        RELATIONSHIP OF PARTIES.  It is understood by the parties that Consultant is an independent contractor with respect to Client, and not an employee of Client.  Client will not provide, and Consultant is responsible for, all fringe benefits, including health insurance benefits, paid vacation, or any other employee benefit, for the benefit of employees of Consultant.

9.       CONFIDENTIALITY.  For purposes of this Consulting Agreement, “Confidential Information” shall be defined as all confidential or proprietary information of Client, including without limitation: the business activities; customer names and addresses; operations and plans; information pertaining to existing or planned services or products; marketing, promotional and pricing information; information pertaining to purchasers, suppliers or vendors; inventions, products, prices, costs, discounts, future plans, business affairs, process information, technical information, customer lists, copyrights and other proprietary or confidential information of Client; provided, however, that “Confidential Information” shall exclude any information that (a) is at the time of its disclosure generally available to the public, (b) becomes generally available to the public through legal means not in breach of this or any other agreement, or (c) can be shown to be, prior to its initial disclosure, in the possession of the receiving party.

  

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Consultant agrees that Consultant and its officers, employees, directors and owners will not at any time or in any manner, either directly or indirectly, divulge, disclose, or communicate in any manner any Confidential Information to any third party, other than those service providers that Client designates, and only with the express prior written consent of Client. Consultant will maintain the confidentiality of the Confidential Information and use it solely to provide the Services pursuant to this Agreement.  A violation of this paragraph shall be a material violation of this Consulting Agreement.

Client recognizes that Consultant provides consulting services based on its prior knowledge, special expertise, business experience, business contacts, process development, information, ideas, inventions, and other intellectual property. Client acknowledges and agrees that such intellectual property constitutes a valuable asset of Consultant, and comprises the value of Consultant’s consulting services. Client agrees that it will not assert any claim of ownership for any knowledge, expertise or intellectual property of Consultant which Consultant possessed or possesses through work outside of its relationship with Client and/or develops independently of its work for Client and/or for its own business purposes.

10.      CONFIDENTIALITY AFTER TERMINATION.  The confidentiality provisions of this Consulting Agreement shall remain in full force and effect after the termination of this Consulting Agreement.

11.      RETURN OF RECORDS.  Upon termination of this Consulting Agreement, Consultant shall deliver all records, notes, data, memoranda, models, and equipment of any nature that are in Consultant’s possession or under Consultant’s control and that are Client’s property or relate to Consultant’s services hereunder.

12.      NOTICES.  All notices required or permitted under this Consulting Agreement shall be in writing and shall be deemed delivered when delivered via facsimile, in person or via overnight or courier service, as evidenced (in the case of facsimile ) by confirmation of successful transmission, and (in the case of in person or courier delivery) by signed receipt, addressed as follows:

 

	 If to CLIENT: 	1500 W. Cypress Creek Road 
Suite 411

Ft. Lauderdale, FL    33309

(954)-769-1335

 

  

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	 If to CONSULTANT:	 
 
920 Indigo Point

Gulfstream, FL

33483

Phone (954) 501-6934

 

The addresses set forth herein above may be changed from time to time by either party by providing written notice to the other in the manner set forth above.

 

13.      ENTIRE AGREEMENT.  This Consulting Agreement, including the schedules, exhibits and other documents referred to herein that form a part hereof, embodies the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein.  There are no restrictions, promises, warranties, covenants or understandings, other than those expressly set forth or referred to herein.  This Consulting Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter.  No supplement, modification or amendment of this Consulting Agreement shall be binding unless executed in writing by the parties hereto.

14.      SEVERABILITY.  Any term or provision of this Consulting Agreement that is invalid or unenforceable shall be ineffective to the extent of such invalidity and unenforceable, and the remaining terms and provisions of this Consulting Agreement shall be valid and enforceable.

15.      GOVERNING LAW AND ARBITRATION.  This Consulting Agreement shall be governed and construed in accordance with the laws of the State of Florida and its courts sitting in “Palm Beach County, Florida” shall have exclusive jurisdiction of any matters arising there under.  Any dispute arising out of or related to this Consulting Agreement shall be submitted by the parties for arbitration in “West Palm Beach, Florida” in accordance with the rules and procedures of the American Arbitration Association.

16.      PUBLICITY.  All notices to third parties and all other publicity concerning the activity, if any, contemplated by this Consulting Agreement shall be planned and coordinated by the parties hereto.  Each party agrees not to make any public disclosure regarding this relationship or this Consulting Agreement without the prior written approval of the parties.

17.      EFFECT OF HEADING.  The subject headings of the articles, sections and paragraphs of this Consulting Agreement are included for purposes of convenience only and shall not affect the construction or interpretation of any of its provisions.

18.      COUNTERPARTS.  This Consulting Agreement may be executed simultaneously in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

19.      WAIVER OF COMPLIANCE.  Any failure of either party to comply with any obligation, covenant, agreement or condition herein may be expressly waived in writing.

  

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Failure to insist upon strict compliance with such obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to any subsequent or other failure.

20.      PARTIES IN INTEREST.  Nothing in this Consulting Agreement, whether express or implied, is intended to confer any rights or remedies under or by reason of this Consulting Agreement on any person other than the parties to it and their respective successors and assigns, nor is anything in this Consulting Agreement intended to relieve or discharge the obligation or liability of any third person to any party to this Consulting Agreement nor shall any provision give any third person any right of subrogation or action over or against any part to this Consulting Agreement.

21.      INDEMNIFICATION. The parties shall indemnify each other from any third-party claims against a party arising from the other party’s breach of this Consulting Agreement.  Except in the event of third-party claims neither party shall be liable for any punitive, special consequential or similar damages.

22.      BINDING ON SUCCESSORS.  This Consulting Agreement shall be binding on, and inure to the benefit of, the parties to it and their respective heirs, legal representatives and successors.

23.      RECOVERY OF LITIGATION COSTS.  If any legal action, arbitration or other proceeding is brought for the enforcement of this Consulting Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with any of the provisions of this Consulting Agreement, the party substantially prevailing shall be entitled to recover reasonable attorneys’ fees and other costs incurred in that action or proceeding, whether or not such action is brought to judgment, in addition to any other relief to which it may be entitled.

24.      FULL DISCLOSURE.  No representation or warranty made by any party hereto and no certificate or document furnished or to be furnished to any party hereto pursuant to this Consulting Agreement contains or will contain any untrue statement of a material fact or fails to contain information necessary to make the statements contained therein misleading.

25.      SCHEDULES & EXHIBITS.  The schedules and exhibits referred to herein shall be attached hereto and are a part of this Consulting Agreement as fully set forth herein.

26.      WARRANTIES, REPRESENTATIONS, AND COVENANTS REGARDING THE DUTIES.  Consultant hereby represents warrants and covenants that Consultant will perform the Services with reasonable diligence in a professional and workmanlike manner, consistent with the generally accepted standards in the industry and in compliance with any and all applicable laws, rules and regulations.

27.      ASSIGNMENT. This Consulting Agreement is for personal service and may not be assigned or transferred by Consultant.

  

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CLIENT                                                                                                                       CONSULTANT

By:       ___________________________                                                          by: ____________________________

Title: __________________________                                                                Title:

Dated: _________________________                                                                Dated: __________________________

 

 

.

  

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Attachment A

As generally described in Section One of the Agreement, the following activities will compromise the Consulting Agreement: the recruitment, training and signing of Sales Agents, Super ISO’s,  End User Customers and/or Financial Organizations Institutions to resell Clients products. Subsequent evaluation(s) of the performance and sales activities of the recruited entity upon. Consultant will also directly negotiate all Third Party Servicing contracts with vendors including but not limited to: Authorization Networks, Debit Registrations, Bank Sponsorship Agreements, Equipment Vendors and all other subsequent vendors as required by Client.

  

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Attachment B

In addition to Compensation received as described in Section 3 of this Agreement, Consultant shall receive additional consideration in the form of $15,000 cash convertible Common Stock at current marketing pricing but not less than $0.05 per share. The stock shall be issued in the following format: $7500 of cash convertible stock within ten (10) business days of the execution of this Agreement for Consulting Services as described in Section 1 of the Contract. The balance of $7500 cash convertible stock shall be issued within ten (10) days of the close of the 4th Fiscal quarter of 2011 for Consulting Services described in Section 1 of the contract.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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