Document:

hybridexh10_2.htm

    
      

    

    Exhibit
10.2

    

    FINDERS
FEE AGREEMENT

     

     

    THIS
AGREEMENT is made this 8th day of September, 2008 by and between Birchwood
Capital Advisors, Inc. a New Jersey corporation, having its main office 264
Union Boulevard, Totowa, NJ 07512, hereinafter referred to as ("CONSULTANT") and
Hybrid Dynamics Corporation, a Nevada corporation having its main office at
52-66 Iowa Avenue, Paterson, New Jersey 07530 hereinafter referred to as
("COMPANY").

     

    The
following represents our agreement, in consideration of each other's promises or
acts with respect to this Finder's Fee Agreement. Consultant has introduced
and/or will introduce potential Investors to Company in return for Company's
agreement to pay Consultant (or nominee) compensation for these introductory
services if an investment is made. Therefore, the parties herein agree as
follows:

     

    1. 
Investor. The "registered" Investors, i.e., those investors which Consultant
will introduce to Company, will be named and listed by separate cover letter(s),
and such letters shall be governed by, and included under the provisions of this
Agreement as if included herein.

     

    Further,
the compensation Company has herein agreed to pay Consultant shall be payable in
the event any registered investor, associate, co-investor or other entity
procured by a "registered" Investor purchases from, invests in or advances funds
toward Company's project and/or Company or any of Company's wholly-owned
subsidiary companies. All are defined as an "Investor."  Consultant
will not make any representation to an Investor regarding the Company or enter
into any covenants or agreements with any Investor on behalf of the Company. The
Company has the exclusive right, in its sole discretion, to accept or reject any
investment or proposal from an Investor.

     

    2. 
Non-Exclusive Agreement.  Notwithstanding the foregoing or anything to
the contrary stated herein, the Company and Consultant agree that this Agreement
shall be exclusive only to the Investors and otherwise shall not prohibit the
Company from entering into any other agreement or agreements with parties other
than the Investors, nor shall this Agreement prohibit the Company from entering
into any transaction with any other party. In addition, no fees or compensation
of any nature whatsoever shall be due or payable by the Company to Consultant in
the event that the Investors purchase the Company’s equity securities pursuant
to a firm underwritten public offering by the Company or through open market
transactions.

     

    3.  
Initial Investment. Should an Investor purchase, invest and/or loan monies,
properties, patents (or anything of value) toward any of Company's projects
and/or Company's company (all defined as "Company"), regardless of the form such
proceeds are so invested, then Company agrees to pay Consultant ten percent (10
%) of the proceeds (or value) so purchased, invested and/or loaned to the
Company. this compensation to Consultant shall be based upon the gross amount
invested, prior to any deductions, expenses or offsets of any kind. Payment will
be made by cashier's checks, money order or any mutually acceptable means
payable to the order of Consultant upon Company's receipt of good funds (or
value).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.  
Limitation of Service. This Agreement relates solely to Consultant's services as
a finder in introducing Company to prospective investors. There are no
additional services that Consultant is required to perform to be entitled to the
above compensation in the event an investment is made. Consultant will not
engage in any negotiations whatsoever on behalf of Company or any investor. Nor
will Consultant provide Company or any investor with information which may be
used as a basis for such negotiations. Consultant will have no responsibility
for nor will Consultant make recommendations concerning the terms, conditions or
provisions of any agreement between Company and an investor, including the
manner or means of consummating the transaction.

     

    CONSULTANT
REPRESENTS THAT IT IS NOT A LICENSED SECURITIES DEALER, AND THAT THIS AGREEMENT
IS NOT INTENDED FOR T14E PURPOSE OF BUYING, SELLING OR TRADING
SECURITIES.

     

    5.   Offering
Materials/No General Solicitation. Consultant has not and will not use any
offering materials or other information and data regarding the Company other
than the Company’s publicly filed reports and only such other materials as the
Company will have approved in writing prior to their use, nor shall Consultant
do any advertising or make any general solicitation on behalf of the Company in
connection with the offering of the Securities to the Investors by the
Company.

     

    6.  
Miscellaneous. This Agreement shall be binding upon all parties and their
respective estates, heirs, successors and permitted assigns. This Agreement may
be changed only by the written consent of all parties. This Agreement may not be
assigned by either party without the written consent of the other. This
Agreement is the entire agreement between us. Should any legal proceeding be
necessary to construe or enforce the provisions or this Agreement, then the
prevailing party in such legal action shall be entitled to recover all court
costs, reasonable attorney fees and costs of enforcing or collecting any
judgment awarded. The judgment by any court of law that a particular section of
this Agreement is illegal shall not affect the validity of the remaining
provisions.

     

    It is our
intention that the laws of the State of New Jersey shall govern the validity of
this Agreement. Your signature below shall bind you to the terms and conditions
of this Agreement.

     

     

    
      	
              COMPANY:

              HYBRID
      DYNAMICS CORPORATION

            	 
      	
              CONSULTANT:

              BIRCHWOOD
      CAPITAL ADVISORS CORPORATION

            
	 
      	 
      	 
      	 
      	 
      
	
              By:

            	
              /s/
      STEVEN RADT

            	 
      	
              By:

            	
              /s/
      CHRISTOPHER H. GIORDANO

            
	 
      	
              Print
      Name: Steven Radt

            	 
      	 
      	
              Print
      Name: Christopher H. Giordano

            
	 
      	
              Print
      Title: Chief Executive Officer

            	 
      	 
      	
              Print
      Title: Presidenthybridexh10_3.htm

    
      

    

    Exhibit
10.3

    

    SETTLEMENT
AGREEMENT AND RELEASE

    

    THIS SETTLEMENT AGREEMENT AND RELEASE
(the “Agreement”), is made as of the 15 day of October, 2008 (the
“Effective Date”) by HYBRID
DYNAMICS CORPORATION, a Nevada corporation (“Hybrid” or the
“Company”), RED IRON GROUP,
LLC, a Utah limited liability company (“RIG”), PUKKA USA, INC., a Utah
corporation (“Pukka”), and PAUL
RESSLER, LEONARD DUCHARME and DARREN JENSEN (collectively,
the “Terminating Shareholders”).

     

    WHEREAS, the Terminating
Shareholders are former officers and directors of Hybrid, and are now desirous
of terminating their ownership interest in the Company and releasing the Company
from any and all claims they may have against the Company, RIG and Pukka,
and

     

    WHEREAS, Hybrid, RIG and Pukka
are desirous of releasing any and all claims they may have against the
Terminating Shareholders.

     

    NOW, THEREFORE, WITNESSETH
that in consideration of the representations, warranties, covenants and
agreements set forth herein and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Hybrid, and the
Terminating Shareholders hereby agrees as follows:

     

    1.      Mutual Global
Release.  The Terminating Shareholders, individually and
collectively, and for any affiliate corporation, partnership, limited liability
company, proprietorship, trust, or other form of business entity related
directly or indirectly to any of the foregoing, and for each of their respective
heirs, administrators, executors, beneficiaries, legatees, devisees, trusts,
trustees, insurers, attorneys, experts, consultants, partners, joint venturers,
members, officers, directors, shareholders, employees, contractors, alter egos,
agents, representatives, predecessors, successors and assigns, on the one hand,
and Hybrid, RIG and Pukka, and any parent, subsidiary or affiliate corporation,
partnership, limited liability company, proprietorship, trust, or other form of
business entity related directly or indirectly to any of the foregoing, and each
of their respective heirs, administrators, executors, beneficiaries, legatees,
devisees, trusts, trustees, insurers, attorneys, experts, consultants, partners,
joint venturers, members, officers, directors, shareholders, employees,
contractors, alter egos, agents, representatives, predecessors, successors and
assigns, on the other hand, do each hereby release, acquit, and forever
discharge the other from any and all claims, actions, causes of action,
judgments, awards, costs, expenses, attorneys’ fees, debts, obligations,
promises, representations, warranties, demands, acts, omissions, rights and
liabilities, of any kind and nature whatsoever, including but not limited to
those at law, in equity, in tort, in contract, whether or not asserted to date,
and whether known or unknown, suspected or unsuspected, which have arisen, are
arising or may in the future arise, directly or indirectly, from or in
connection with any matter or transaction of any kind or nature undertaken from
the beginning of time until the date hereof, including, but not limited to any
and all rights or claims to stock ownership, equity ownership, ownership of debt
instruments or any other rights of ownership, including options or warrants,
which the Terminating Shareholders may have in Hybrid or any of its affiliates,
or which Hybrid may have in any of the Terminating

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Shareholders
or their affiliates  (the matters referred to above being hereinafter
referred to as the “RELEASED CLAIMS”).

    

    2.      Indemnification of the
Terminating Shareholders.    In consideration for the
Releases, Transfer of Stock and Assignment of Patent Rights by the Terminating
Shareholders (a) Hybrid shall hold harmless the Terminating Shareholders from
and against all debts, obligations, claims against and liabilities of Hybrid,
whether known or unknown, other than those obligations for which the Terminating
Shareholders are personally liable, and expressly including all obligations set
forth in Attachment A attached hereto, (b) RIG shall hold harmless the
Terminating Shareholders from and against all debts, obligations, claims against
and liabilities of RIG, whether known or unknown, other than those obligations
for which the Terminating Shareholders are personally liable, and expressly
including all obligations set forth in Attachment B attached hereto and (c)
Pukka shall hold harmless the Terminating Shareholders from and against all
debts, obligations, claims against and liabilities of Pukka, whether known or
unknown, other than those obligations for which the Terminating Shareholders are
personally liable, and expressly including all obligations set forth in
Attachment C attached hereto.

    

    3.      Transfer of Stock and
Assignment of Patent Rights.    In consideration for the
Release and Indemnification by Hybrid, RIG and Pukka:

    

    (a)    the
Terminating Shareholders hereby agree to transfer, assign and convey to Hybrid
or to its assignee(s) as may be hereafter designated, all shares of stock of
Hybrid owned by the Terminating Shareholders as of date hereof, and more fully
set forth in Attachment D hereto, by delivery of Stock Powers, in form and
content substantially similar to that attached hereto as Attachment E, from each
Terminating Shareholder individually, which Stock Powers shall be executed in
blank with Medallion Signature guarantees; and

    

    (b)    Leonard
DuCharme hereby agrees to grant and assign to Pukka all of DuCharme’s right,
title and interest in and to all Patents previously contributed to Pukka, by
execution and delivery of the Certificate of Acknowledgment of Assignment of
Patent in the form and content substantially similar to that attached hereto as
Attachment F, which Patents are more fully described in Exhibit A
thereto.

    

    (c)    The
Stock Powers and Patent Assignment shall be delivered to Hybrid upon execution
of this Agreement.

    

    4.      Waiver of “California
§1542-Type” Provisions.    Section 1542 of the
California Civil Code provides that:

    

    A GENERAL
RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO
EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM,
MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

    

    The
parties to this Agreement each represent, warrant and agree that each of them
understands the foregoing language and its intent, and do hereby expressly waive
all rights

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    that each
has or may have under California §1542 and all other similar rights in other
states or territories of the United States of America, or any other
jurisdiction, as said language may apply to the releases in this Agreement
only.

    

    5.      Covenant Not to
Sue.  Except for the enforcement of this Agreement or any
rights preserved under this Agreement, the parties hereto hereby covenant that
they will not, based on any Released Claim, sue or bring any claim or action
against the other. This Covenant Not to Sue shall be a complete defense to any
such claim or suit by any of the parties hereto against the other. Further, the
parties shall not solicit the instigation of any legal action by any third party
nor communicate this settlement to any third person absent an order from a court
or regulatory body authorized to issues subpoenas.

    

    6.      Governing
Law.    This Agreement shall be governed by the laws
of the State of Nevada as such laws are applied to agreements between Nevada
residents entered into and to be performed entirely within the State of
Nevada.

    

    7.      Survival.    The
covenants, agreements, representations and warranties contained in this
Settlement Agreement and Release shall be continuing and shall survive the
execution, closing and termination hereof and of the documents described
herein.

    

    8.      Breach.  In
the event of any breach of this Agreement, the prevailing party in any action to
enforce any provision hereof shall be entitled to collect all costs and a
reasonable sum for attorney fees.

    

    9.      Counterparts/Facsimile.
This Settlement Agreement and Release may be executed in counterparts, each of
which shall be deemed a duplicate original, but all of which together shall
constitute one and the same instrument.  Facsimile signatures shall be
binding on any party providing such signature.

     

    IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be executed by their duly
authorized representatives as of the date first written above.

    

    
      	
              HYBRID
      DYNAMICS CORPORATION

            
	 
      
	
              By:
      /s/ MARK
      KLEIN                     
                  
      

            
	
              Print
      Name: Mark Klein

            
	
              Print
      Title: Director

            
	
               

              RED
      IRON GROUP, LLC

            
	 
      
	
              By:
      /s/ MARK
      KLEIN                                  
      

            
	
              Print
      Name: Mark Klein

            
	
              Print
      Title: Director

            

    

    

    
      	
              PUKKA
      USA, INC.

            
	 
      
	
              By:
      /s/ MARK
      KLEIN                         
              

            
	
              Print
      Name: Mark Klein

            
	
              Print
      Title: Director

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TERMINATING
SHAREHOLDERS:

     

     

    /s/
PAUL
RESSLER                     
                

    PAUL
RESSLER

     

     

    
      	
              /s/
      LEONARD
      DUCHARME                      
      

            
	
              LEONARD
      DUCHARME

            
	 
	 
	
              /s/
      DARREN
      JENSEN                                  
      

            
	
              DARREN
      JENSEN

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}]]