Document:

Exhibit 10.2

                              CONSULTING AGREEMENT

This Consulting Agreement (the "AGREEMENT"), dated as of the 2nd day of April,
2005 (the "COMMENCEMENT DATE"), by and between Execute Sports, Inc. (the
"COMPANY") and Crail Capital (the "CONSULTANT").

                                    RECITALS

      WHEREAS, the Company desires to retain the Consultant to provide such
consultation and advisory services as the Company may require from time to time
as set forth herein and the Consultant is willing to be retained by the Company
to provide such services to the Company, all in accordance with the terms and
conditions set forth below.

      NOW THEREFORE, in consideration of the premises and of the mutual
covenants hereinafter contained, the parties hereto hereby agree as follows:

      1.    RETENTION OF CONSULTANT.

      The Company hereby retains the Consultant to assist the Company with its
      organization growth, providing guidance and advice in the areas of
      acquisitions, financing, management efficiency, and strategic relationship
      and such additional services as the President of the Company may
      reasonably request, in connection with the Company's business
      (collectively, the "SERVICES") and the Consultant hereby agrees to
      provides to the Company the Services.

      2.    INDEPENDENT CONTRACTOR.

      The Consultant is an independent contractor and shall not hold himself out
      as an officer, director, employee or agent of the other party for any
      purpose. The Consultant has not, nor should he represent himself as having
      the right, power, or authority to create any contract or obligation,
      express or implied, on behalf of, or in the name of, or binding on the
      other party unless the other party shall give explicit prior written
      consent thereto.

      3.    TERM.

      The Consultant and the Company agree that the Consultant shall be retained
      by the Company for a period commencing as of the date hereof (the
      "COMMENCEMENT DATE") and concluding December 31, 2006, unless earlier
      terminated in accordance by thirty (30) days prior written notice by
      either party to the other party (the "TERM").

      4.    COMPENSATION.

      In consideration of Consultant's agreement to make himself available to
      render consulting services to the Company and as payment in full for all
      Services rendered by the Consultant during the Term, the Company shall pay
      to the Consultant, and the Consultant hereby shall accept, a consulting
      fee, payable in shares of the Company's common stock as set forth in
      subscription agreement attached hereto as Exhibit A.

<PAGE>

      5.    DUTIES

            (a)   The Consultant agrees that, during the term hereof, he shall
                  make himself available, when and as reasonably requested by
                  the Company, to use his best efforts to assist the Company in
                  providing the Services.

            (b)   The Consultant shall be required to devote such time as is
                  reasonably necessary to provide the services requested
                  hereunder.

      6.    BINDING AGREEMENT; ASSIGNABILITY.

      This Agreement shall be binding upon and shall inure to the benefit of the
      parties hereto and their respective successors and permitted assigns;
      provided, however, that the Consultant may not assign this Agreement
      without prior written consent of the Company.

      7.    SEVERABILITY.

      If any provisions of this Agreement shall be held to be invalid, illegal
      or unenforceable, the validity, legality and enforceability of the
      remaining provisions shall not in any way be affected or impaired thereby.

      8.    GOVERNING LAW.

      This Agreement shall be governed by and construed under the laws of the
      State of California, without regard to principles of conflicts of laws
      thereof.

      9.    ENTIRE AGREEMENT; AMENDEMENT; WAIVER.

      This Agreement embodies the entire understanding of the parties pertaining
      to the subject matter hereof, and there are no other agreements (except
      for the subscription agreement) , representations, understandings or
      warranties between the parties relating to the subject matter of this
      Agreement that are not set forth herein. This Agreement may be amended,
      modified, supplemented or waived only by a written consent by both of the
      parties hereto.

      10.   COUNTERPARTS.

      This Agreement may be executed in counterparts, each of which shall be
      deemed to be an original, but all such counterparts together shall
      constitute one and the same instrument.

      11.   HEADINGS.

      The headings of sections herein are included solely for convenience of
      reference and shall not control the meaning or interpretation of any of
      the provisions of this Agreement.

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the effective date above written.

CONSULTANT                                EXECUTE SPORTS, INC.

By:                                       By:
----------------------------              --------------------------------
Name:                                     Name: Don Dallape
                                          Title: CEO and Chairman
<PAGE>

                                   Exhibit A
                Compensation for Services and Registration Rights

The Consultant is obligated to render certain consulting and advisory services
to the Company for a period of nineteen months commencing April 2, 2005. In
consideration of Consultant's agreement to render consulting services to the
Company including but not limited to providing Company with introductions for
mergers and acquisitions, strategic partnerships and due diligence services, the
Company shall pay to Consultant $175,000, or $9,210 per month payable in shares
of the Company's common stock with "piggy-back" registration rights (the
"Shares") which carry the terms defined below.

26.   Piggyback Registration Rights. For the purposes of this Section 1
      references to Consultant or shares held by Consultant shall mean and refer
      to the Shares as defined above.
i.    Inclusion in Registration Statement. If, at any time during the Term, as
      defined in Section 5 below, Company intends to file a registration
      statement with the Securities and Exchange Commission (other than
      registrations filed on Form S-8 or on Form S-4, or any similar or
      successor forms then in effect under the 1933 Act) (collectively referred
      to as a "Registration Statement") to register any of its securities
      pursuant to the 1933 Act, whether or not for its own account (the
      "Registration"), then Company shall provide written notice to Consultant
      of its intention to do so. (Consultant's rights under this Section 2 are
      hereinafter referred to as "Piggyback Registration Rights.") Upon the
      request of Consultant, made within ten (10) days of receipt of such
      notice, and subject to the provisions set forth herein, Company shall
      include such Consultant Shares in the Registration Statement as requested
      from Consultant. Company shall keep such Registration Statement effective
      for a minimum of sixty (60) days and shall comply with all federal and
      state laws or regulations necessary for Company to effect a sale or
      disposition during such period.
ii.   Information and Documents. In the event Company shall be required by the
      provisions of this Section 1.ii to effect the registration of the
      Consultant Shares, Consultant shall timely furnish, in writing, such
      information as is requested by Company or the Underwriter or their
      representatives, including their legal counsel and accountants, for
      inclusion in the Registration Statement relating to such Public Offering
      and such other information and documentation as Company shall reasonably
      request. In addition, Consultant shall execute and deliver such
      agreements, certifications and other documents, including, without
      limitation, selling shareholder instructions, powers-of-attorney, and
      custody agreements, as Company or Underwriter may reasonably request.
      Company's obligation to register the Consultant Shares shall be subject to
      the fulfilment of the duty of Consultant to cooperate fully with Company
      and the Underwriter and their representatives in the preparation of the
      Registration Statement covering the Consultant Shares and to otherwise not
      be in default of any provisions of this Supplemental Agreement or the
      Agreement.
iii.  Expenses All expenses incurred in connection with any Registration under
      this Section 1, including, without limitation, all registration and filing
      fees, printing expenses, fees and disbursements of counsel for the
      Company, blue sky fees and expenses, and expenses of any audits incident
      to or required by any such registration are herein called "Registration
      Expenses." All underwriting discounts and selling commissions applicable
      to any offer and sale of securities herein are called "Selling Expenses."
      Company will pay all Registration Expenses attributable to the Consultant
      Shares in connection with any Registration pursuant to this Section 1. All
      Selling Expenses in connection with any registration pursuant to this
      Section 1 shall be borne by Company and Consultant, pro rata as the shares
      registered thereby being sold or registered by each of them bears to the
      total number of shares being registered. Consultant shall bear the fees
      and costs of its own counsel. Notwithstanding the foregoing provisions of
      this Section 1, Consultant shall pay for all Registration and Selling
      Expenses which applicable state securities or other regulatory agencies
      (whether governmental or otherwise) require to be paid by persons selling
      shares in the Public Offering as a condition to qualification or
      registration of the securities being sold or registered.
<PAGE>

iv.   Prospectus Delivery. Consultant shall comply with the prospectus delivery
      requirements of applicable federal or state securities laws in connection
      with any registration. If any prospectus becomes outdated, inaccurate, or
      misleading, Consultant shall cease using all such prospectuses upon notice
      thereof from Company and shall return all copies of such prospectuses
      under Consultant's control to Company.
v.    No Registration Required. Company shall not be required to effect a
      registration under this Section 1 if Consultant would otherwise be able to
      sell, in its entirety on the day following the receipt by Consultant of
      the Notice under Section 1, without registration, the number of shares
      sought to be registered at the time of the registration, pursuant to Rule
      144 promulgated by the Securities and Exchange Commission as then in
      effect or pursuant to any other exemption from the registration provisions
      of the 1933 Act then available to Consultant (collectively referred to as
      "Rule 144"), so long as the purchaser thereof shall acquire shares that
      are not subject to any restriction on resale as may otherwise be imposed
      pursuant to Rule 144.Exhibit 10.4

                              CONSULTING AGREEMENT

      Consulting Agreement dated as of May 30th 2005, by and between Execute
Sports, Inc., a corporation with offices at 1284 Puerta Del Sol Suite 150, San
Clemente, CA 93673, (the "Company") and Valley Financial Holding Corp, a
corporation organized and existing under the laws of the BVI (the "Consultant").

                              W I T N E S S E T H:

      The Company desires to engage the services of the Consultant for purposes
of general corporate counseling and advice and more specifically for those
services set forth on Schedule A (collectively, the "Counseling Services").

      Consultant desires to perform Consulting Services on behalf of the Company
and desires to be engaged and retained by the Company for such purposes.

      ACCORDINGLY, in consideration of the recitals, promises and conditions in
this Agreement, the Consultant and the Company agree as follows:

      1. CONSULTING SERVICES. The Company hereby retains the Consultant, and the
Consultant accepts such retention all on the terms and conditions herein
contained.

      2. TERM.

      (a) The initial term (the "Initial Term") of this Consulting Agreement
shall be for a twelve-month period commencing on the date hereof.

      (b) Notwithstanding paragraph 2(a), this Agreement may be terminated by
either party prior to the expiration of the Initial Term as follows:

      (i) Upon failure of the other party to cure a material default under or a
      breach of, this Agreement (including, but not limited to, the Company's
      obligations under Section 5 hereof) within 5 days after written notice is
      given as to such breach by the terminating party;

      (ii) Upon the bankruptcy or liquidation of the other party, whether
      voluntary or involuntary;

      (iii) Upon the other party taking the benefit of any insolvency law and/or
<PAGE>

      (iv) Upon the other party having or applying for a receiver appointed for
      all or a substantial part of such party's assets or business.

      (c) Subject to compliance with Section 5(e) hereof, following the
expiration of the Initial Term, the Agreement will continue in full force and
effect until terminated by either party, for any reason whatsoever, upon thirty
(30) days prior written notice.

      (d) Termination will not affect the right (i) of the Consultant to be paid
any fees which are payable as of the effective date of such termination or to be
reimbursed for any reimbursable expenses incurred in connection with the
Consulting Services, or (ii) of any Indemnified Person to receive
indemnification pursuant to the provision set forth in Section of the Agreement.

      3. FEES. In addition to and not in mitigation of, or substitution for, the
additional fees enumerated in any of the Schedules hereto, the Company shall pay
and deliver to the Consultant, simultaneously with the execution and delivery of
this Agreement, an initial engagement fee consisting of a cash payment in the
amount of $187,500 to be paid in cash or the Company's common stock with piggy
back registration rights in lieu of cash.

      4. EXPENSES. The Company will reimburse the Consultant for its expenses,
reasonably incurred by the Consultants, only upon prior written authorization.

      5. DUTIES OF THE COMPANY.

      (a) The Company shall supply the Consultant, on a regular and timely
basis, with all approved data and information about the Company, its management,
its products and its operations, and the Company shall be responsible for
advising the Consultant of any facts which would affect the accuracy of any
prior data and information previously supplied to the Consultant so that the
Consultant may take corrective action.

      (b) The Company shall promptly supply the Consultant with: full and
complete copies of all filings with all federal and state securities agencies;
full and complete copies of all stockholder reports and communications, whether
or not prepared with the Consultants' assistance; all data and information
supplied to any analyst, broker-dealer, market maker or other member of the
financial community; and all product/services brochures, sales materials, etc.

      (c) The Company shall contemporaneously notify the Consultant if any
information or data being supplied to the Consultant has not been generally
released or promulgated.
<PAGE>

      6. REPRESENTATION AND INDEMNIFICATION BY COMPANY.

      (a) The Company shall be deemed to make a continuing representation of the
accuracy of any and all material facts, material, information, and data that it
supplies to the Consultant and the Company acknowledges its awareness that the
Consultant will rely on such continuing representation in disseminating such
information and otherwise performing its public relations functions.

      (b) The Consultant, in the absence of notice in writing from the Company,
will rely on the continuing accuracy of material, information and data supplied
by the Company.

      (c) The Company hereby agrees to indemnify the Consultants against, and to
hold the Consultant harmless from, any claims, demands, suits, loss, damages,
etc. arising out of the Consultant's reliance upon the accuracy and continuing
accuracy of such facts, material, information and data, unless the Consultant
has been negligent in fulfilling his duties and obligations hereunder.

      (d) The Company hereby agrees to indemnify the Consultant against, and to
hold the Consultant harmless form, any claims, demands, suits, loss, damages,
etc. arising out of the Consultant's reliance on the general availability of
information supplied to the Consultant and the Consultant's ability to
promulgate such information, unless the Consultant has been negligent in
fulfilling his duties and obligations hereunder.

      7. REPRESENTATION AND INDEMNIFICATION BY CONSULTANT.

      (a) The Consultant agrees to provide the Consulting Services hereunder in
a good and workmanlike manner consistent with the performance standards observed
by other professionals undertaking such functions.

      (b) The Consultant agrees that it will not release or disseminate any
information pertaining to the Company without providing the Company with an
advance copy thereof and obtaining authorization for such release and
dissemination.

      (c) The Consultant hereby agrees to indemnify the Company against, and to
hold the Company harmless from, any claims, demands, suits, loss, damages, etc.
arising out of any inaccurate statement or misrepresentation provided that such
indemnification shall not pertain to any information provided by or attributable
to the Company.

      8. RELATIONSHIP OF PARTIES. The Consultant is an independent contractor,
responsible for compensation of its agents, employees and representatives, as
well as all applicable withholding therefrom and taxes thereon (including
unemployment compensation) and all workers' compensation insurance. This
Agreement does not establish any partnership, joint venture, or other business
entity or association between the parties, and neither party is intended to have
any interest in the business or property of the other.
<PAGE>

      9. MISCELLANEOUS.

      (A) ENTIRE AGREEMENT; AMENDMENTS. This Agreement, together with the
Schedules and Exhibits hereto, contain the entire understanding of the parties
with respect to the subject matter hereof and supersede all prior agreements and
understandings, oral or written, with respect to such matters.

      (B) NOTICES. Any and all notices or other communications or deliveries
required or permitted to be provided hereunder shall be in writing and shall be
deemed given and effective on the earliest of (i) the date of transmission, if
such notice or communication is delivered via facsimile at the facsimile
telephone number specified in this Section prior to 4:30 p.m. (Eastern Standard
time) on a Business Date, (ii) the Business Day after the date of transmission,
if such notice or communication is delivered via facsimile at the facsimile
telephone number specified in this Agreement later than 4:30 p.m. (Eastern
Standard time) on any date and earlier than 11:59 p.m. (Eastern Standard time)
on such date, (iii) the Business Day following the date of mailing, if sent by
nationally recognized overnight courier service, or (iv) upon actual receipt by
the party to whom such notice is required to be given. The address for such
notices and communications shall be as follows:

      If to the Company:  1284 Puerta Del Sol #150
                          San Clemente CA 93673.

      If to the Consultant:

or such other address as may be designated in writing hereafter, in the same
manner, by such party.

      (C) AMENDMENTS; WAIVERS. No provision of this Agreement may be waived or
amended except in a written instrument signed, in the case of an amendment, by
both the Company and the Consultant, or, in the case of a waiver, by the party
against whom enforcement of any such waiver is sought. No waiver of any default
with respect to any provision, condition or requirement of this Agreement shall
be deemed to be a continuing waiver in the future or a waiver of any other
provision, condition or requirement hereof, nor shall any delay or omission of
either party to exercise any right hereunder in any manner impair the exercise
of any such right accruing to it thereafter.

      (D) HEADINGS. The headings herein are for convenience only, do not
constitute a part of this Agreement and shall not be deemed to limit or affect
any of the provisions hereof. All words used in this Agreement will be construed
to be of such number and gender as the circumstances require.

      (E) SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and
insure to the benefit of the parties and their successors and permitted assigns.
This Agreement is intended for the benefit of the parties hereto and their
respective permitted successors and assignees, and other than with respect to
permitted assignees is not for the benefit of, nor may any other person hereof
enforce any provision. Anything in the foregoing to the contrary
notwithstanding, subject to compliance with applicable securities laws, the
Consultant may assign and/or transfer all or a portion of the consideration
payable by the Company hereunder.
<PAGE>

      (F) GOVERNING LAW. This Agreement shall be governed by and construed and
enforced in accordance with the internal laws of the State of Florida without
regard to the principles of conflicts of law thereof. Each party hereby
irrevocably submits to the non-exclusive jurisdiction of the United States
Federal District Court for the Middle District of Florida for the adjudication
of any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein, and hereby irrevocably waives, and
agrees not to assert in any suit, action or proceeding, any claim that it is not
personally subject to the jurisdiction of any such court, or that such suit,
action or proceeding is improper.

      (G) SEVERABILITY. In case any one or more of the provisions of this
Agreement shall be invalid or unenforceable in any respect, the validity and
enforceability of the remaining terms and provisions of this Agreement shall not
in any way be affecting or impaired thereby and the parties will attempt to
agree upon a valid and enforceable provision which shall be a reasonable
substitute therefore, and upon so agreeing, shall incorporate such substitute
provision in this Agreement.

      (H) REMEDIES. In addition to being entitled to exercise all rights
provided herein or granted by law, including recovery of damages, the Subscriber
will be entitled to specific performance or the obligations of the Company
hereunder. The Company and the Subscriber agree that monetary damages would not
be adequate compensation for any loss incurred by reason of any breach of its
obligations described in the foregoing sentence and hereby agrees to waive in
any action for specific performance of any such obligation the defense that a
remedy at law would be adequate.

      IN WITNESS WHEREOF, the parties have hereunto set their hands and seals
the day and year first above written.

Company                                    Consultant

-------------------------------------      -------------------------------------
Authorized Signature                       Authorized Signature

-------------------------------------      -------------------------------------
Name and Title                             Name and Title
<PAGE>

                                   SCHEDULE A
--------------------------------------------------------------------------------

To the Consulting Agreement dated as of May 30th 2005, Between Execute Sports,
Inc. and Valley Financial Corp.

      1.1 STRATEGIC PLANNING SERVICES. The following strategic planning services
shall be provided to the company by the Consultant which will undertake for and
consult with the Company concerning management, marketing, consulting, strategic
planning, corporate organization and structure, financial matters in connection
with the operation of the business of the Company, expansion of services, and
shall review and advise the Company regarding its overall progress, needs and
condition. The Consultant agrees to provide on a timely basis the following
enumerated services plus any additional services contemplated thereby:

      (a) Advise the Company in the implementation of short and long term
      strategic planning to fully develop and enhance the Company's assets,
      resources, products and services.

      (b) Advise the Company relative to the recruitment and employment of key
      executives consistent with the expansion of operations of the Company.

      (c) Advise and recommend to the Company additional services relating to
      the present business and services provided by the Company as well as new
      products and services that may be provided by the Company.

      (d) Advise the officers and employees of the company concerning matters
      relating to the management and organization of the company, their
      financial policies, the terms and conditions of employment, and generally
      any matter arising out of the business affairs of the company.

      1.2 DISCLAIMER BY CONSULTANT. The Consultant makes no representation that
as a result of the services to be provided by it (a) the price of the Company's
publicly traded securities will increase (if applicable), (b) any person will
purchase securities in the Company as a result of the contract, or (c) any
investor will lend money to or invest in or with the Company. In addition, the
Consultant makes no representation that he is a securities attorney or
equivalent and reliance should not be made on those statements. The Company
should consult legal counsel for such decisions as deemed appropriate by the
Company.

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