Document:

Exhibit 10.2 - Consulting Services Agreement

EXHIBIT  10.2

		CONSULTING SERVICES AGREEMENT

 

This Consulting Services Agreement (this “Agreement”) is dated as of the
17th day of February 2003 as amended as of August 1, 2003 between Tryon Capital Holdings LLC (“Tryon”,
“we”, or “us”) and Magnadata, Inc. (the “Company” or “you”).

In consideration of the following mutual covenants, and intending to be legally bound, the
parties agree as follows:

	
1.     Services.  (a) During the
term of this Agreement, we will provide the Company with executive and financial management services.  These services may
include industry research, strategic analysis, business planning, negotiation and closing of acquisitions, strategic relationships,
and financing transactions, budgeting and financial planning, and operations management.  The exact services to be provided
will be periodically determined by the Company and us.  None of our services will be deemed to constitute legal
representation, auditing, or tax services, and you agree that the Company will consult appropriately licensed attorneys or
certified public accountants, respectively, on all material legal, auditing, and tax matters involving the Company.  We will
assist you in a private placement of securities, but we will not sell securities in any public offering.

(b)   For us to provide our services, you must promptly provide us with
information that we request, as well as allow us access to the Company’s officers, auditors, and legal counsel.

(c)    Our services will generally be performed at our offices, although we
expect to meet with your officers, directors, employees, auditors, and legal counsel at their respective offices and to provide
other services at your offices or other locations from time to time.

2.     Personnel.  Our services will
be performed by our employees or by other persons engaged and paid by us.  We reserve the right to determine and change the
personnel assigned to this engagement at any time.

3.     Nature of Engagement.  In the
performance of our services under this Agreement, both Tryon and our employees and representatives will be independent
contractors.  This Agreement does not give Tryon or any of our employees or representatives any authority to bind the Company
to any contractual arrangement.

    4.     Consulting Fees.  (a) You
will pay us a retainer in the amount of $3,750.00 for each calendar month during the term of this Agreement until you pay us a
total of $15,000 in the aggregate.  Of that amount, $2,750 per month shall be for services and $1,000 shall be for us allowing
the Company to share our office space.  If the term of this Agreement commences after the 15th of the month or ends
before the 15th of the month, then the monthly retainer for the first or last month will be reduced by 50%.
	

(b)   The retainer for the first calendar month of this engagement is due and
payable upon the execution of this Agreement.  The monthly retainer for subsequent months must be paid to and received by us
on or before the 15th day of the calendar month to which it relates.

5.     Expenses.  (a) In addition to
our retainer under Section 4, you will reimburse us for direct out-of-pocket expenses related to the consulting services, including
travel, long distance and cell phone charges, shipping, and third party printing and document production costs.  You will not
be charged a fee for general office overhead.  We will work with you to control these expenses in accordance with reasonable
business practices.

(b)   You will provide us with Company letterhead and business cards (as
appropriate) for use in performing the services.

(c)    We will periodically submit to you reasonable documentation for
expenses subject to reimbursement.  You will pay us the amount of the expense reimbursement within three business days of your
receipt of this documentation.  If you believe that any individual item is not subject to reimbursement, you must pay us the
amount not in dispute and notify us of your objection within three business days of your receipt of the documentation. 
Failure to object within the three business day period will be deemed your acceptance of our claim for reimbursement.

(d)   We reserve the right to require you to pay any out of pocket costs
directly or to require you to pay us an advance against expenses.

6.     Late Payments.  (a) Any payments due under
Section 4 or Section 5 that are not paid when due will bear interest from the due date until paid in an amount equal to the lesser
of 11⁄2% per month, compounded monthly, or the maximum rate permitted under applicable law.  If we engage attorneys or
commence legal action to collect any overdue payment, you must pay to us all legal fees and court costs that we incur in collecting
the overdue amounts.  All payments will be applied first to pay costs of collection, then to accrued and unpaid interest, and
then to pay any outstanding amounts due.

(b)   In addition to any other remedy available under this Agreement, at law, or
in equity, if you fail to pay us any amount when due, we may suspend performance of our services until all overdue fees have been
paid in full.  Suspension of our services under this section does not suspend or reduce your obligation to pay our
retainer.

    

 

	

7.     Confidentiality. 
(a) We will maintain the
confidentiality of your Confidential Information during the term of this Agreement and for a period of one year thereafter. 
We may disclose Confidential Information to our employees and representatives as necessary to provide the services, provided that
they have agreed to protect your Confidential Information in accordance with this Agreement.  We may also disclose
Confidential Information if required by a court or governmental agency, but we will use commercially reasonable efforts to inform
you prior to disclosure.

(b)   “Confidential Information” means information concerning the
Company and your business that is (i) disclosed in a writing marked “confidential” or (ii) disclosed orally and
identified as “confidential” in writing prior to or within two days following disclosure.  Confidential
Information does not include information (i) that is or becomes publicly available or generally known to persons in your industry
without breach of our obligations under this section, (ii) in our possession as of the date of this Agreement, (iii) received by us
after the term of this Agreement, (iv) received from persons having no obligation of confidentiality to you, or (v) that we
independently develop without reference to any Confidential Information.

(c)    We will use reasonable precautions to protect the Confidential
Information, but we have no obligation to employ any measures not regularly employed by the Company in protecting your Confidential
Information.

8.     Liability and Indemnification.  (a) None of
Tryon nor our officers, directors, employees, agents, counsel, representatives, nor any person performing the services (each, an
“Indemnitee”) will be liable to you for any liability, loss, claim, action, cause of action, settlement, or other cost
or expense (collectively, “Liabilities”) for any acts or omissions that are taken or omitted in connection with the
performance of this Agreement.

(b)   You must indemnify each Indemnitee from and against all Liabilities
arising out of or relating to our services.  You will also indemnify each Indemnitee for all costs and expenses (including
fees of counsel selected by the Indemnitee) incurred in defending any claim for which the Indemnitee is entitled to
indemnification.  You must advance all costs to the Indemnitee on demand so long as the Indemnitee has agreed to reimburse you
if a court finally determines that the Indemnitee was not entitled to indemnification.

(c)    The provisions of Sections 8(a) and 8(b) will not apply if, but only
to the extent that, a court determines that the Indemnitee did not act in good faith and (i) the Indemnitee received a financial
benefit to which he was not entitled or (ii) with intent to cause harm to the Company or your business.

     
	

9.     Term.  (a) The term of this Agreement will
begin on the date first set forth above and will continue for one year after the date of this Agreement unless terminated sooner in
accordance with this section.

(b)   Either party may terminate this Agreement without cause upon 30 days prior
written notice to the other.

(c)    Either party may terminate this Agreement upon ten days prior
written notice to the other upon if the other party defaults with respect to any obligation under this Agreement, provided that
this Agreement will not terminate if the default is cured in full within that ten day period.

(d)   The termination of this Agreement will not affect your obligation to pay
us any amount due under this Agreement or our respective rights and obligations under Section 7 and Section 8.

10.   Entire Agreement; Amendment.  This Agreement and the
option agreement for the options (if any) to be issued pursuant to this Agreement represent the entire agreement and understanding
between us concerning our services and supersede all prior and contemporaneous agreements, understandings, representations and
warranties.  This Agreement may not be amended, changed or modified except by a written instrument executed by or on behalf of
both you and us.

11.   Assignment.  You may not assign this Agreement to any
other party without our prior written consent, except that you may assign this Agreement to any party that acquires substantially
all of the assets and the goodwill of the Company.

12.   Binding Effect; No Third Party Beneficiaries.  This
Agreement is binding upon and inure to the benefit of the parties and our respective heirs, legatees, executors, administrators,
legal representatives, successors, transferees and assigns.  No person other than the parties to this Agreement and the Indemnitees has any legal or equitable right, remedy or claim under this Agreement.

13.   Waivers and Consents.  No waiver of any breach of any
of the terms of this Agreement, nor any consent required or permitted to be given hereunder, will be effective unless in writing
and executed by or on behalf of the party or parties against whom the waiver or consent is to be enforced.  No waiver of any
breach nor consent to any transaction will be deemed a waiver of or consent to any other or subsequent breach or transaction.

14.   Notices.  Any notice required or permitted under this
Agreement must be in writing and will be deemed given if (i) personally delivered, (ii) sent by facsimile transmission to the party
for whom such notice is intended at the fax number set forth below, or (iii) sent by registered or certified U.S. Mail, or by
nationally recognized delivery service, postage prepaid, to the party for whom such notice is intended at the address set forth
below. Either party may change the address or fax number by giving notice of to the other party in the manner provided in this
Section.

    

 

	

15.   Governing Law.  This Agreement will be governed by and
construed in accordance with the laws of the State of North Carolina applicable to agreements made by residents of that state and
wholly performed in that state.

16.   Arbitration.  Any dispute or claim under this Agreement
or otherwise relating to our services must be resolved by arbitration in Orange County, North Carolina under the rules of the
American Arbitration Association then in effect.  A judgment on any arbitration may be entered in any court in North Carolina
or any other state or country having appropriate jurisdiction.

17.   Construction and Interpretation.  (a) Each party has
had the opportunity to consult with legal counsel regarding the provisions of this Agreement.  Every covenant, term and
provision of this Agreement will be construed according to its fair meaning and not strictly for or against any party or
parties.

    	

(b)   When used in this Agreement, the term “including” means
“including, but not limited to”.

(c)    All pronouns and any variations thereof refer to masculine, feminine
or neuter, singular or plural, as the identity of the person or persons may require.

(d)   Captions of the several sections of this Agreement are for reference
purposes only, are not intended to describe, interpret, define or limit the scope, extent or intent of this Agreement or any
provision hereof, and will not control or alter the meaning of this Agreement as set forth in the text.

18.   Counterparts.  This Agreement may be executed in any
number of counterparts and all executed counterparts will constitute one agreement binding on all parties to this Agreement,
notwithstanding that all parties have not signed the same counterpart.

    

IN WITNESS WHEREOF, this Agreement is executed and effective as of the date first above
noted.

 

 

	
TRYON CAPITAL HOLDINGS LLC

	
MAGNADATA, INC.

	
By:        /S/ Peter Coker                                              

	
By:         /S/ David Allison                                             

	
100 Europa Drive

	
________________________________________

	
Suite 455

	
ADDRESS

	
Chapel Hill,  NC  27517

	
________________________________________

	
Fax: (919) 933-2730

	 
	 	
________________________________________

	 	
FAX NO.Exhibit 10.3 - Services Agreement

EXHIBIT 10.3

SERVICES AGREEMENT

 

            This Services Agreement
(this “Agreement”) is dated February 17, 2003as amended as of August 1, 2003 between David R. Allison
(“Allison”) and MagnaData, Inc. (the “Company”).

            In consideration of the
following mutual covenants, and intending to be legally bound, the parties agree as follows:

1.         Services.

           
1.1       During this Agreement, Allison will provide the Company with executive and financial
planning services. Allison will serve as Vice President and Director of the Company, if requested by the Company.  This
Agreement shall not cover any services for which a license is required, including selling securities or practicing law or
accounting.

           
1.2       Allison will be an independent contractor.  Unless Allison is an officer of the
Company, he shall have no right to commit the Company to any agreement.

2.         Fees.

           
2.1       The Company will pay Allison $5,000.00 for each calendar month until a total of $20,000 is
paid.

           
2.2       The first payment is due when this Agreement is signed.  Subsequent payments must be
paid to and received by Allison on or before the 20th day of each calendar month to which it relates.

           
2.3       The Company will reimburse Allison for direct out-of-pocket expenses including travel, long
distance and cell phone charges, shipping, and third party printing and document production costs, subject to prior approval by the
Company and reasonable evidence of the expenditures.

3.         Confidentiality. 

           
3.1       Allison will maintain the confidentiality of Confidential Information of the Company during
the term of this Agreement and for a period of three (3) years thereafter.  Allison may disclose Confidential Information if
required by a court or governmental agency, but Allison will inform Company prior to disclosure.

           
3.2       “Confidential Information” means information concerning the Company or
its business that is (i) disclosed in a writing marked “confidential” or (ii) disclosed orally and identified as
“confidential” in writing prior to or within two days following disclosure.  Confidential Information does not
include information in our possession as of the date of this Agreement, (ii) received by us after the term of this Agreement, (iii)
that is or becomes publicly available or generally known to persons in your industry without breach of our obligations under this
section, (iv) received from persons having no obligation of confidentiality to the Company, or (v) that we independently develop
without reference to any Confidential Information.

4.         Term.  The term of this Agreement will begin on the date first set forth above and will continue until one year after the date
of this Agreement unless sooner terminated as provided herein.  Either party may terminate this Agreement without cause upon
30 days prior written notice to the other.

5.         Entire Agreement. 
This Agreement us concerning and supersedes all prior and contemporaneous agreements.

6.         Amendments.  This Agreement may not be amended, changed or modified except by a written instrument executed by or on behalf of both you
and us.

7.         Assignment.  Neither party may assign this Agreement to any other party without our prior written consent, except the Company may
assign this Agreement to any party that substantially all of the assets of the Company.

8.         Governing Law.  This Agreement will be governed by and construed in accordance with the laws of the State of North Carolina.

9.         Counterparts.  This Agreement may be executed in any number of counterparts and all executed counterparts will constitute one agreement
binding on all parties to this Agreement, notwithstanding that all parties have not signed the same counterpart.

          IN WITNESS WHEREOF, this Agreement is executed and effective as of the date first above
noted.

DAVID R. ALLISON 

 

By:      /S/  David R. Allison            

       Title: 

 

MAGNADATA, INC

 

By:      /S/ David R. Allison       

       Title: Secretary

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