Document:

ex1033.htm

    Exhibit 10.33

    

     

     

     

     

     

    May 28,
2009

    

    

    Donald
Walker

    521
Railroad Avenue

    Fairfield,
California 94533

    

    Re:    Amendment to Employment
Agreement

    

    Dear
Donnie:

    

    This
letter shall serve as an amendment to the employment agreement effective as of
February 1, 2007 between Employee and Employer (the “Agreement”). Capitalized
terms used but not defined herein shall have the meaning ascribed to them in the
Agreement.  Section 4.1 of the Agreement is hereby amended and
replaced in its entirety with the following:

    

    “4.1.  Employer
shall pay to Employee an annual salary (the “Salary”) of One Hundred Sixty-Five
Thousand Dollars ($165,000.00), payable in equal installments at the end of such
regular payroll accounting periods as are established by Employer, or in such
other installments upon which the parties hereto shall mutually agree, and in
accordance with Employer’s usual payroll procedures, but no less frequently than
monthly.”

    

    The
foregoing amendment shall be effective as of May 1, 2009.

     

    
      
        	 	WPCS International
      Incorporated	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Andrew
      Hidalgo	 
	 	 	
                By:  Andrew
      Hidalgo

                Title:  Chief
      Executive Officer

              	 
	 	 	 	 
	 	 	 	 

      

    

     

    Accepted
to and agreed this

    28th day
of May , 2009:

    

     

    
      
        
          	 	 	 	 	 
	
                  /s/
      Donald Walker

                	 	 	
                   

                	 
	
                  Donald
      Walkerex1034.htm

    Exhibit
10.34

     

    WPCS
International-Suisun City, Inc.

    521
Railroad Avenue

    Fairfield,
California 94533

    

    May 28, 2009

    

    

    Gary
Walker

    521
Railroad Avenue

    Fairfield,
California 94533

    

    Re:           Amendment to Employment
Agreement

    

    Dear
Gary:

    

    This
letter shall serve as an amendment to the employment agreement effective as of
February 1, 2007 between Employee and Employer (the “Agreement”). Capitalized
terms used but not defined herein shall have the meaning ascribed to them in the
Agreement.  Section 4.1 of the Agreement is hereby amended and
replaced in its entirety with the following:

    

    “4.1.  Employer
shall pay to Employee an annual salary (the “Salary”) of One Hundred Fifty-Five
Thousand Dollars ($155,000.00), payable in equal installments at the end of such
regular payroll accounting periods as are established by Employer, or in such
other installments upon which the parties hereto shall mutually agree, and in
accordance with Employer’s usual payroll procedures, but no less frequently than
monthly.”

    

    The
foregoing amendment shall be effective as of May 1, 2009.

     

     

    
      
        	 	

                WPCS
      International- Suisun City, Inc.

              	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Andrew
      Hidalgo 	 
	 	 	By:  Andrew
      Hidalgo	 
	 	 	Title:  Director	 
	 	 	 	 

      

    

    Accepted
to and agreed this

    28th  day
of May , 2009:

     

    
      
        
          	 	 	 	 	 
	
                  /s/
      Gary
      Walker

                	 	 	
                   

                	 
	
                  Gary
      WalkerExhibit 10.1

CONSULTING AGREEMENT

          This
Consulting Agreement (the “Agreement”) has been entered into between 3GFI, LLC
(the “Company”), a limited liability corporation maintaining its principal
place of business in Boynton Beach, Florida and The Parkview Group, Inc. (the
“Consultant”), a Delaware corporation maintaining its principal place of
business in Boca Raton, Florida, in order to memorialize the agreement between
the Company and the Consultant as of this 1st day of August 2009.

          Whereas,
the Company is principally engaged in the business of providing and marketing
commercial loans to customers;

          Whereas,
the Consultant possesses experience and business expertise in the areas of
marketing and finance;

          Whereas,
the Company desires to avail itself of the services of the Consultant, and the
Consultant desires to provide such services to the Company, and;

          Whereas,
the Company and the Consultant each expect to benefit from the carrying out of
the subject matter of the Agreement;

          Now,
therefore, in consideration of the mutual promises herein contained and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Company and the Consultant hereby agree as follows:

	
  

 	
  

 	
  

 
	
  

 	
 1.

 	
 Engagement
 The Company hereby engages the Consultant, and the Consultant hereby accepts
 such engagement and agrees to use its best efforts in a good and businesslike
 manner to provide services to the Company in accordance with the terms of the
 Agreement. The Company acknowledges that the Consultant may provide similar
 services and consulting advice of the type contemplated by this Agreement to
 others and that nothing herein contained shall be construed to limit or
 restrict the Consultant in conducting such business with respect to others,
 or rendering such advice to others.

 
	
  

 	
  

 	
  

 
	
  

 	
 2.

 	
 Services
 The Consultant shall provide consulting advice to the Company as specified
 below at the request of the Company, provided the Consultant shall not be required
 to undertake duties beyond its scope of ability. In performance of these
 duties, the Consultant shall provide the Company with the benefit of its best
 judgment and efforts, and the Company acknowledges that the Consultant cannot
 guarantee any particular outcome as a consequence of its efforts and advice.
 The Consultant’s services may include, but will not necessarily be limited to
 (1) advice relating to corporate financing activities; (2) developing
 marketing plans for providing commercial loans to customers; (3) assisting
 with the negotiation of contracts between the Company and its suppliers; and
 (4) providing recommendations with respect to legal, accounting, and other
 professionals retained by the Company.

 

	
  

 	
  

 	
  

 
	
  

 	
 3.

 	
 Term
 The term of the Agreement shall commence on the 1st day August 2009, and
 shall continue for a continuous period of twelve (12) months thereafter.
 However, the Agreement may be terminated by either the Company or the
 Consultant upon the receipt of thirty (30) days prior written notice from the
 other party.

 
	
  

 	
  

 	
  

 
	
  

 	
 4.

 	
 Remuneration
 The Company shall pay to the Consultant for the services to be rendered
 hereunder a non-refundable $500.00 retainer on the 1st day of each
 month. The Consultant shall provide services to the Company at the rate of
 $200.00 per hour, and the Company shall be billed on a monthly basis for the
 total number of hours Consultant personnel provided to the Company multiplied
 by the hourly rate of $200.00 per hour.

 
	
  

 	
  

 	
  

 
	
  

 	
 5.

 	
 Expenses
 The Company shall promptly reimburse the Consultant for out-of-pocket
 expenses that it incurs in the performance of its services hereunder upon the
 presentation of a properly documented invoice for such expenses. However, any
 one expense equal to or greater than $100 must be pre-approved by the
 Company.

 
	
  

 	
  

 	
  

 
	
  

 	
 6.

 	
 Capacity
 The services of the Consultant to be provided pursuant to the Agreement shall
 be performed for the benefit of the Company in the capacity of an independent
 contractor, and no employee or agent of the Consultant shall be considered,
 at any time that the Agreement is in force, to be an employee of the Company.

 
	
  

 	
  

 	
  

 
	
  

 	
 7.

 	
 Waiver
 The failure of either party to insist, in one or more instances, upon the
 performance of any of the terms, covenants, agreements, or conditions of the
 Agreement, or to exercise any rights hereunder, shall not be construed as a
 waiver or relinquishment of such party’s right to insist upon the future
 performance of such term, covenant, agreement, or condition, or to the future
 exercise of any such right, and the obligations of the other party with
 respect to such future performance shall continue in full force and effect.

 
	
  

 	
  

 	
  

 
	
  

 	
 8.

 	
 Severability
 If any provision of the Agreement shall be held or made invalid by a court
 decision, statute, rule, or otherwise, the remainder of the Agreement shall
 not be affected thereby and shall remain in full force and effect as if the
 invalidated provision had not been included herein.

 
	
  

 	
  

 	
  

 
	
  

 	
 9.

 	
 Notice
 Any notice required or desired to be given pursuant to the Agreement shall be
 in writing and shall be deemed given when hand delivered, or sent facsimile
 and responded to by the other party, or deposited, postage paid, in the
 United States certified mail, return receipt requested, at the addresses set
 forth below or at such subsequent address provided by the parties;

 

2

	
  

 	
  

 	
  

 
	
  

 	
 If to the
 Company:

 	
 3GFI, LLC

 
	
  

 	
  

 	
 Mark
 Gaylinn, Chief Executive Officer

 
	
  

 	
  

 	
 6909 Cobia
 Circle

 
	
  

 	
  

 	
 Boynton
 Beach, FL 33437

 
	
  

 	
  

 	
 Fax #: (888)
 317-1996

 
	
  

 
	
  

 	
 If to the
 Consultant:

 	
 The Parkview
 Group, Inc.

 
	
  

 	
  

 	
 Richard B.
 Frost, President

 
	
  

 	
  

 	
 21301
 Powerline Road, Suite 103

 
	
  

 	
  

 	
 Boca Raton,
 FL 33433

 
	
  

 	
  

 	
 Fax #: (561)
 558-1189

 

	
  

 	
  

 	
  

 
	
  

 	
 10.

 	
 Applicable
 Law The Agreement shall be governed by and construed
 in accordance with the laws of Florida. Venue in any dispute arising
 hereunder shall be in the federal or state courts located in and for Palm
 Beach County, Florida.

 
	
  

 
	
  

 	
 11.

 	
 Assignment
 The Agreement may not be assigned by the Company or by the Consultant without
 the prior written consent of the other party.

 
	
  

 
	
  

 	
 12.

 	
 Entire
 Agreement The Agreement constitutes the entire
 agreement and understanding between the parties. It may only be amended in
 writing by the parties hereto. Any and all prior agreements and/or
 understandings relating thereto are superseded in their entirety by the
 Agreement.

 

          In
Witness Whereof, the Company and the Consultant have executed the Agreement as
of the day, month, and year first written above.

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 As to the
 Company:

 	
 As to the
 Consultant:

 
	
 3GFI, LLC

 	
 The Parkview
 Group, Inc.

 
	
  

 	
  

 	
  

 
	
 By:

 	
 /s/ Mark
 Gaylinn

 	
 By:

 	
 /s/ Richard
 B. Frost

 
	
  

 	 

 	
  

 	
  

 	 

 
	
  

 	
 Mark
 Gaylinn, Chief Executive Officer

 	
  

 	
 Richard B.
 Frost, President

 

3

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