Document:

Exhibit 10.16 Consulting Agreement

Exhibit 10.16

CONSULTING AGREEMENT

This Consulting Agreement ("Agreement") is entered into on August 3, 2011 by  Simon Westbrook of Aargo, Inc. (“Consultant”), of 10 Timber Ridge Lane, Scotts Valley, CA 95066 and POWRtec International Corp., a  Delaware corporation, having a mailing address of 1669-2 Hollenbeck Avenue, Ste 142, Sunnyvale, CA 94087 (“Company”), based on the following mutual understanding:

ARTICLE 1 - Description of Consulting Services

The nature and scope of the consulting services to be performed hereunder are as set forth in Exhibit A, Statement of Work, attached hereto.

ARTICLE 2 - Term of Agreement

This Agreement commences on the date first set forth above and continues to roll over on a monthly basis unless either party notifies the other in writing of its intention not to renew.

ARTICLE 3 - Oversight of Consulting Services and Contractual Authority

The Company employees authorized to provide oversight and direction of the Consultant’s efforts and services within the scope of Exhibit A, Statement of Work, are Chief Executive Officer, and/or such other person as may hereafter be designated in writing by the Chief Executive officer of the Company.  Such authority on the part of the above named individuals does not extend to actual or constructive amendments or changes to this Agreement or to other contractual approvals required hereunder, except where expressly provided.

ARTICLE 4 - Compensation, Billing and Payment

In consideration for the services to be rendered for the benefit of and accepted by Company under this Agreement, the Consultant will receive the remuneration in accordance with the schedule set forth in Exhibit B, attached hereto, which will constitute the entire compensation (inclusive of all overhead, profit, and expenses) to the Consultant for the services rendered under this Agreement. The Consultant will submit statements to the Company on a monthly basis.  

ARTICLE 5 - Entire Agreement

This Agreement (including all exhibits hereto) constitutes the entire understanding and agreement between Company and the Consultant with respect to the subject matter hereof, and supersedes all prior negotiations, representations or agreements, either oral or written.  No modification, recission, waiver or termination of this Agreement, or any of its terms and conditions, shall be binding on Company, unless agreed to in writing by the president of Company.

ARTICLE 6 - Performance

If the Consultant fails in any respect to prosecute the work and services with promptness or diligence, Company may terminate this Agreement for cause in part or in its entirety without any liability for the terminated part(s).

ARTICLE 7 - Independent Contractor Relationship

The Consultant is an independent contractor of Company and, except to the extent specified in this Agreement, Company may not control or direct the details and means by which Consultant performs its duties under this Agreement.  This Agreement shall not create the relationship of employer and employee, a partnership or a joint venture.  Neither the Consultant nor Company shall be deemed an agent of the other on account of this Agreement or the performance of any of their obligations hereunder.  The Consultant does not have any authority to bind Company to any agreement or contract.

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ARTICLE 8 - Assignment

Consultant may not assign or transfer this Agreement, any rights hereunder, nor any payment due or to become due hereunder.  Any such assignment(s) or attempt at any such assignment is void and not binding upon Company. The Consultant acknowledges that this Agreement is one for personal services for the benefit of Company and is therefore not assignable in whole or in part.

ARTICLE 9 - Access To Work

Company shall, at all reasonable times, have free access to the services and facilities of the Consultant and its subcontractors for purposes of inspecting same and determining that the work and services are being performed in accordance with the terms of this Agreement. Further, the Company shall be entitled to request copies of all financial records prepared by Consultant in the pursuit of the Consulting Services.

ARTICLE 10 - Compliance with The Law

The Consultant will comply with all applicable federal, state and local laws, rules and regulations.  

ARTICLE 11 - Applicable Law

The rights and obligations arising from this Agreement are governed by the laws of the state of California.

ARTICLE 12 - Taxes

Any and all taxes applicable to the performance of the Consultant hereunder and its incurrence of cost therefor are included in the Consultant’s fee payable hereunder (except as otherwise expressly provided herein) and that the Consultant is wholly responsible for the necessary filing of income tax returns to the proper taxing authorities and for payment of all such taxes.  The Consultant is wholly responsible for withholding and payment of all federal, sate and local taxes of whatever nature.

ARTICLE 13 - Warranty

The Consultant will perform the services under this Agreement using the Consultant’s best skill, diligence and attention and warrants that the services shall be performed with that degree of skill, care, and judgment customarily accepted as sound, quality, professional practice and procedure in the field or discipline represented by the Consultant.

ARTICLE 14 - Ownership Of Work Product

All technical data, correspondence, and other work of the Consultant hereunder produced under or pursuant to this Agreement is and will at all times remain the property of Company and are to be delivered to Company when so requested.  In addition, upon the expiration or termination (regardless of the reason for termination) of this Agreement, the Consultant shall deliver to Company any and all drawings, notes, memoranda, specifications and documents in the  Consultant's possession or control relating to the performance by the Consultant of its obligations hereunder or relating to any Third Party Information or Company's Information, excluding computer software owned by Consultant and used in connection with the performance of its duties hereunder.

ARTICLE 15 – Dissemination of Work Product

Use, publication or teaching of information directly derived from work and services performed, or data obtained in connection with the work and services rendered under this Agreement other than for Company’s benefit is prohibited unless expressly approved in writing by Company, which approval Company may withhold in its sole and absolute discretion.

ARTICLE 16 - Cumulative Remedies

Every right or remedy herein conferred upon or reserved to Company is cumulative and in addition to every right and remedy now or hereafter existing at law or in equity, and the pursuit of any right or remedy shall not be construed as an election.

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ARTICLE 17 - Force Majeure

Any delay in, or failure of performance of either party does not constitute default hereunder or give rise to any claim for damage if and to the extent such delay or failure is caused by occurrences beyond the control of the party affected and which by the exercise of reasonable diligence, such party is unable to prevent, including but not limited to, acts of God or the public enemy, expropriation or confiscation of facilities or compliance with any order or request of a governmental authority affecting to a degree not presently existing, the supply, availability, or use of materials or labor, acts of war public disorders, rebellion or sabotage, floods, riots or strikes. A party which is prevented from performing for any reason shall immediately notify the other party, in writing, of the cause for such nonperformance, and the anticipated extent of the delay. The Consultant is not entitled to any additional compensation as a result of force majeure that may delay the Consultant’s performance of services under this Agreement.

ARTICLE 18 - Confidentiality

The Consultant shall keep all work and services carried out hereunder for Company and all trade secrets, data and other proprietary information of Company, including all information gathered or becoming known to the Consultant arising out or in connection with the services performed under this Agreement, (collectively, "Company's Information") entirely confidential, and not use, publish, or make known, without Company’s written approval, any of Company's Information or any other information developed by the Consultant or furnished by Company to any persons other than personnel of the parties of this Agreement.  However, the foregoing obligations of confidentiality, secrecy and nonuse do not apply to any information that was in the Consultant’s possession prior to commencement of work under this Agreement, or which is available to the general public in a printed publication and provided further that the foregoing obligation in no way limits the Consultant’s internal use of any such work.

Any public statements or publicity regarding Company or its business are to be made solely by Company, and any requests for information made to the Consultant by the news media, or others, are to be referred to Company. Additionally, the Consultant shall not reference Company nor the work performed for Company (including, but not limited to, listing Company as a customer of the Consultant on a resumé or other marketing materials) without prior written approval by Company.

The Consultant understands, in addition, that Company may receive from third parties confidential or proprietary information ("Third Party Information") subject to a duty on Company's part to maintain the confidentiality of such information and to use it only for certain limited purposes.  The Consultant agrees to hold any Third Party Information in the strictest confidence and will not disclose to anyone other than Company personnel, or use except in connection with any work to be performed by the Consultant for Company, any Third Party Information unless expressly authorized by an officer of Company in writing.

ARTICLE 19 - Changes and/or Amendments

Company shall have the right, from time to time during the term of this Agreement, by written notice to the Consultant, to make changes to the work and services covered by this Agreement and described on Exhibit A attached hereto, including the right to expand, decrease or limit the scope and nature of the work and services to be undertaken, or to redirect work and services already in progress.  In the event changes are made to Exhibit A and are material, the parties shall negotiate in good faith to amend the fees and compensation to reflect the changes and to amend Exhibit B attached hereto with the new fee schedule.

ARTICLE 20 - Audit

The Consultant shall, at its own expense, keep and maintain complete records and books of account of its costs and expenses relating to the work and services in accordance with generally accepted accounting practices.  Should a dispute arise between Company and the Consultant regarding amounts and/or credits under this Agreement, the Consultant hereby grants Company permission to audit, at reasonable times, and at its expense, such records and books of account at the Consultant’s usual place of business.

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ARTICLE 21 - Waiver 

In the event Company fails to insist on performance of any of the terms and conditions, or fails to exercise any of its rights or privileges hereunder, such failure shall not constitute a waiver of such terms, conditions, rights or privileges.

ARTICLE 22 - Termination For Convenience

Company or the Consultant, upon 14 days prior written notice to the other, may terminate this Agreement, or any part hereof, for the sole convenience of Company or the Consultant.  Upon receipt of written notification from the terminating party that this Agreement, or any part hereof, is to be terminated, the Consultant shall immediately cease operation of the work and services stipulated, and assemble all material that has been prepared, developed, furnished or obtained under the provisions of this Agreement that may be in its possession or custody, and shall transmit the same to Company on or before the fourteenth day following the receipt or delivery by the Consultant, as the case may be, of the above written notice of termination, together with its invoice of the fees due for completed work and/or services as outlined in Exhibit A of this Agreement.  The Consultant shall be entitled to just and equitable payment for all completed and accepted work or services satisfactorily performed prior to such notice and in conjunction with such notice, as described above, which amount shall be paid to Consultant upon termination.  In the event Consultant and Company are unable to mutually agree upon the amounts due by either upon termination for convenience within 30 days after the notice of termination is received, then Company and Consultant shall submit such dispute to binding arbitration accordance with the expedited rules for arbitration of the American Arbitration Association, and a judgment upon any award may be entered in any court having jurisdiction.  Either the Consultant or Company shall have a right to initiate arbitration upon notice to the other party.  Any such arbitration shall be conducted in the San Jose, California metropolitan area.

In determining the amount of compensation due the Consultant, the Consultant shall not be entitled, nor shall Company give any consideration to the Consultant for claims for loss of anticipated revenue(s), including overhead and profit, which the Consultant might have reasonably expected to make on the uncompleted portion of the work and services.

ARTICLE 23 - Indemnification

The Company shall defend, indemnify and hold Consultant free and harmless from and against any and all claims, losses, demands, causes of action, suits or other litigation (including attorney’s fees and all other costs thereof) of every kind and character, including, but not limited to damages or loss from bodily injuries, death, damage to tangible or intangible property in any way occurring incident to, arising out of or in connection with the work and services performed or to be performed for the Company hereunder or occurring incident to, at the same level as if the Consultant were an officer of the Company.  Additionally, the Company shall have in force a current insurance policy of at least $1 million in respect of Directors and officers liability to which Consultant is a named Officer.

ARTICLE 24 - Insurance

Insurance appropriate to work performed, in accord with standards for the field or discipline, and acceptable to Company, including worker's compensation, if applicable, shall be maintained at all times by the Consultant, at its own expense, during performance of the Agreement.  At a minimum, the Consultant shall carry at its own cost and expense comprehensive general liability insurance with a minimum limitation of liability of $1,000,000.  

ARTICLE25 – Electronic Reproduction of Agreement

The parties agree that a scanned or electronically reproduced copy or image of this fully executed Agreement is to be deemed an original and may be introduced or submitted in any action or proceeding as competent evidence of the execution, terms and existence hereof notwithstanding the failure or inability to produce or tender an original, fully executed version of this Agreement and without the requirement that the unavailability of such original of this Agreement first be proven.

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IN WITNESS WHEREOF, the parties hereto have executed this Consulting Agreement as of the date first set forth above:

Aargo Inc.

POWRTEC INTERNATIONAL CORP.

By:   /s/ Simon Westbrook

By:   /s/ Grant Jasmin

Name: Simon Westbrook

Name:  Grant Jasmin

Title: CEO Aargo, Inc.

Title:  CEO POWRtec International Corp.

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Exhibit A

To Consulting Agreement

Statement of Work

The nature and scope of the work/services to be performed by the Consultant under this Agreement are as follows:

Provision of financial services in support of the Company including the preparation, drafting and filing of statutory documents such as 10Q, 10K and any others requested by the Company from time to time;

Assumption of the role of CFO of the Company,

Review and supervision of financial records, processes and procedures as required from time to time to ensure that the underlying data used in the financial reports is reliable and as accurate as possible in the circumstances;

Development of financial models, forecasts and reports, and review of actual performance in relation to such models so that the Company has a reasonable basis for its forecasts and guidance given to investors and analysts

Note: all work done under this Agreement will be based on records and information provided by officers and employees of the Company who are familiar with the history and business issues underlying that information. The Consultant will use best efforts to ensure the reasonableness of all information released but ultimate responsibility for the accuracy thereof remains with the Company.

Exhibit B

To Consulting Agreement

Compensation and Payment Terms

The Consultant shall be entitled to compensation for services performed and accepted under this Agreement as follows:

The Consultant shall record and bill the actual hours worked at the request of Company not to exceed an average of 30 hours per calendar month. If additional hours are required Consultant shall obtain from Company written approval for any additional hours before doing any more work that will exceed the 30 hours per month limit.

The Consultant shall be paid in cash at the rate of $150 per hour worked under this Agreement, to be billed monthly and paid within 15 days of receipt of detailed invoice. Alternatively, by mutual agreement, the Consultant shall be paid by the issuance of fully-paid shares of the Company at the rate of $200 per hour worked under this Agreement. Consultant and Company agree to work to optimize issues relating to registration of  stock issuances, prompt satisfaction of Rule 144 clearances, restriction of trading windows, orderly liquidation of marketable stock, and avoidance of unnecessary tax exposures requiring up-front cash disbursements. .

The Consultant shall be reimbursed for any actual out of pocket expenses supported by receipts up to $100 per month, subject to prior approval of the Company. 

The Consultant shall participate in a Company equity incentive plan to be mutually agreed prior to the start of this Agreement. To the extent that the Company has registered any of its common stock under an S-8 or other qualifying registration, the stock issued to the Consultant under this Agreement shall be issued from such pool, unless otherwise prohibited by law.Exhibit 10.6 STOCK OPTION AGREEMENT

Exhibit 10.6

NEITHER THIS OPTION NOR THE SHARES ISSUABLE UPON EXERCISE OF THIS OPTION HAS BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE.  THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE TRANSFERRED OR SOLD IN THE ABSENCE OF AN EFFECTIVE REGISTRATION OR OTHER COMPLIANCE UNDER THE ACT OR THE LAWS OF THE APPLICABLE STATE OR A “NO ACTION” OR INTERPRETIVE LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION, OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER, AND ITS COUNSEL, TO THE EFFECT THAT THE SALE OR TRANSFER IS EXEMPT FROM REGISTRATION UNDER THE ACT AND SUCH STATE STATUTES.

STOCK OPTION AGREEMENT

DENALI CONCRETE MANAGEMENT, INC., a Nevada corporation (the “Company”), desiring to afford an opportunity to JACOB WONSOVER (the “Grantee”) to purchase certain shares of the Company’s common stock (the “Common Stock”), hereby grants to the Grantee, and the Grantee hereby accepts, an option to purchase the number of such shares specified below, during the term ending at midnight (prevailing local time at the Company’s principal offices) on the expiration date of this option specified below, at the option exercise price specified below, subject to and upon the following terms and conditions:

1.

Grant of Option.  The Company hereby irrevocable grants to Grantee the right and option to purchase all or any part of an aggregate of 140,000 shares of Common Stock on the terms and conditions hereof (the “Option”).  This Option is not intended to be and shall not be treated as an incentive stock option under Section 422 of the Internal Revenue Code.

2.

Exercise Price.  The exercise price of this Option shall be US$1.144 per share.

3.

Expiration Date.  Except otherwise provided herein, any unexercised options granted pursuant to this Option shall expire on January 20, 2013.

4.

Method of Exercise.  This Option may be exercised by delivery of a notice of exercise, a form of which is attached hereto as Exhibit A and incorporated herein by this reference, setting forth the number of Options to be exercised together with either:

a.

A certified check or bank check payable to, or funds wired to, the order of the Company in the amount of the full exercise price of the Common Stock being purchased;

b.

Cancellation of debt owed by the Company to the Grantee, including debt incurred for services rendered, employment relationships, or otherwise, upon presentation of an invoice for services provided to the Company.

As soon as practicable after receipt by the Company of such notice, a certificate or certificates representing such shares of Common Stock shall be issued in the name of the Grantee, or, if the Grantee shall so request in the notice exercising the Option, in the name of the Grantee and another person jointly, with right of survivorship, and shall be delivered to the Grantee.  If this Option is not exercised with respect to all Common Stock subject hereto, Grantee shall be entitled to receive a similar Option of like tenor covering the number of shares of Common Stock with respect to which this Option shall not have been exercised.

5.

Shareholder’s Rights.  The Grantee shall have the rights of a shareholder only with respect to Common Stock fully paid for by Grantee under this Option.

6.

Transferability.  This Option may be transferred, in whole or in part, without restriction by the Company, subject only to compliance with applicable federal and state securities laws.  Any such transfer shall be accompanied by an assignment of interest form, attached hereto as Exhibit B and incorporated herein, whereby the transferee agrees to be bound by the terms of this Option.

7.

Adjustment to Number of Shares of Common Stock.  In the event that the number of shares of Common Stock of the Company from time to time issued and outstanding is increased pursuant to a stock split or a stock dividend, the number of shares of Common Stock then covered by this Option shall be increased proportionately, with no increase in the total purchase price of the shares then so covered.  In the event that the number of shares of Common Stock of the Company from time to time issued and outstanding is reduced by a combination or consolidation of shares, the number of shares of Common Stock then covered by this Option shall be reduced proportionately, with no reduction in the total purchase price of the shares then so covered.  In the event that the Company should transfer assets to another corporation and distribute the stock of such other corporation without the surrender of Common Stock of the Company, and if such distribution is not taxable as a dividend and no gain or loss is recognized by reason of section 355 of the Internal Revenue Code, or any amendment or successor statute of like tenor, then the total purchase price of the Common Stock then covered by each outstanding Option shall be reduced by an amount that bears the same ratio to the total purchase price then in effect as the market value of the stock distributed in respect of a share of the Common Stock of the Company, immediately following the distribution, bears to the aggregate of the market value at such time of a share of the Common Stock of the Company plus the stock distributed in respect thereof.  In the event that the Company distributes the stock of a subsidiary to its shareholders, makes a distribution of a major portion of its assets, or otherwise distributes significant portion of the value of its issued and outstanding Common Stock to its shareholders, the number of shares then subject to this Option, or the exercise price of this Option, may be adjusted in the reasonable discretion of the Board or a duly authorized committee.  All such adjustments shall be made by the Board or duly authorized committee, whose determination upon the same, absent demonstrable error, shall be final and binding.  No fractional shares shall be issued, and any fractional shares resulting from the computations pursuant to this section shall be rounded up to the next whole share.  No adjustment shall be made for cash dividends, for the issuance of additional shares of Common Stock for consideration approved by the Board, or for the issuance to stockholders of rights to subscribe for additional Common Stock or other securities.

8.

Withholding.  If the exercise of this Option is subject to withholding of federal, state, local, or foreign taxes, such requirements may, at the discretion of the Board or a duly authorized committee, and to the extent permitted by the then governing provisions of law, be met (i) by the holder of this Option either delivering shares of Common Stock or canceling Options with a fair market value equal to such requirements, such fair market value to be determined by the Board; (ii) by the Company withholding shares of Common Stock subject to this Option with a fair market value equal to such requirements, such fair market value to be determined by the Board; (iii) by the Grantee delivering with the Form of Exercise funds equal to the amount of such taxes; or (iv) by the Company making such withholding payments and the Grantee reimbursing the Company such amount paid within ten (10) days after written demand therefor from the Company.  In no event, however, shall the Company be permitted to require payment from the Grantee in excess of the maximum required tax withholding rates.

9.

Availability of Shares.  During the term of this Option, the Company shall at all times reserve for issuance the number of shares of Common Stock subject to this Option.

10.

Requirements of Law.  By accepting this Option, the Grantee represents and agrees for itself, himself or herself and its, his, or her transferees that, unless a registration statement under the Securities Act of 1933 is in effect as to shares purchased upon any exercise of this Option, (a) any and all shares so purchased shall be acquired for his personal account and not with a view to or for sale in connection with any distribution, and (b) each notice of the exercise of any portion of this Option shall be accompanied by a representation and warranty in writing, signed by the person entitled to exercise the same, that the shares are being so acquired in good faith for his personal account and not with a view to or for sale in connection with any distribution.  No certificate or certificates for shares of stock purchased upon exercise of this Option shall be issued and delivered unless and until, in the opinion of legal counsel for the Company, such securities may be issued and delivered without causing the Company to be in violation of or incur any liability under any federal, state, or other securities law or any other requirement of law or of any regulatory body having jurisdiction over the Company.  The Grantee, for itself, himself or herself and its, his or her transferees, agrees to provide information reasonably requested by the Company in order to satisfy the requirements of any exemption from the registration provisions of federal or state securities laws.

11.

No Right of Employment.  Nothing contained in this Option shall be construed as conferring on the Grantee any right to continue or remain as an employee of the Company or its subsidiaries.

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12.

Miscellaneous

a.

Notices.  Any notice, demand, request, waiver or other communication required or permitted to be given hereunder shall be in writing or electronic format, as applicable, and shall be effective (i) upon delivery in person (including by reputable express courier service) at the address set forth below; (ii) upon delivery by facsimile (as verified by a printout showing satisfactory transmission) at the facsimile number designated below (if sent on a business day during normal business hours where such notice is to be received and if not, on the first business day following such delivery where such notice is to be received); (iii) by electronic mail (as verified by a printout showing satisfactory transmission) at the electronic mail address set forth below (if sent on a business day during normal business hours where such notice is to be received and if not, on the first business day following such delivery where such notice is to be received); or (iv) upon three business days after mailing with the United States Postal Service if mailed from and to a location within the continental United States by registered or certified mail, return receipt requested, addressed to the address set forth below.  Any party hereto may from time to time change its physical or electronic address or facsimile number for notices by giving notice of such changed address or number to the other party hereto in accordance herewith.

			
	If to the Company at:

	 
	123 West Nye Lane, Suite 129

	 
	 
	Carson City, NV  89706

	 
	 
	Attention:  Mathew G. Rule, President

	 
	 
	Facsimile No.:  

	 
	 
	Email Address:  mathewrule@ymail.com

	 
	 
	 

	With a copy (which shall not constitute notice) to:

	 
	

Ronald N. Vance

	 
	 
	Attorney at Law

	 
	 
	1656 Reunion Avenue

	 
	 
	Suite 250

	 
	 
	South Jordan, UT  84095

	 
	 
	Facsimile No.  (801) 446-8803

	 
	 
	Email Address:  ron@vancelaw.us 

	 
	 
	 

	If to the Grantee at:

	 
	The address set forth on the Signature Page

b.

Default.  Should any party to this Agreement default in any of the covenants, conditions, or promises contained herein, the defaulting party shall pay all costs and expenses, including a reasonable attorney’s fee, which may arise or accrue from enforcing this Agreement, or in pursuing any remedy provided hereunder or by statute.

c.

Successors and Assigns.  This Agreement shall be binding upon and shall inure to the benefit of the parties hereto, their heirs, executors, administrators, successors and assigns.

d.

Partial Invalidity.  If any provision of this Agreement shall be held invalid, illegal or unenforceable, the validity, legality or enforceability of the other provisions hereof shall remain in full force and shall not be affected thereby, and there shall be deemed substituted for such invalid, illegal or unenforceable provision a valid, legal and enforceable provision as similar as possible to the provision at issue.

e.

Entire Agreement.  This Agreement constitutes the entire understanding between the parties hereto with respect to the subject matter hereof and supersedes all negotiations, representations, prior discussions, and preliminary agreements between the parties hereto relating to the subject matter of this Agreement.

f.

Interpretation of Agreement.  This Agreement shall be interpreted and construed as if equally drafted by all parties hereto.

g.

Survival of Covenants, Etc.  All covenants, representations, and warranties made herein to any party, or in any statement or document delivered to any party hereto, shall survive the making of this Agreement and shall remain in full force and effect until the obligations of such party hereunder have been fully satisfied.

h.

Further Action.  The parties hereto agree to execute and deliver such additional documents and to take such other and further action as may be required to carry out fully the transac­tions contemplated herein.

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i.

Amendment.  This Agreement or any provision hereof may not be changed, waived, terminated, or discharged except by means of a written supplemental instrument signed by the party or parties against whom enforcement of the change, waiver, termination, or discharge is sought. 

j.

Full Knowledge.  By their signatures, the parties acknowledge that they have carefully read and fully understand the terms and conditions of this Agreement, that each party has had the benefit of counsel, or has been advised to obtain counsel, and that each party has freely agreed to be bound by the terms and conditions of this Agreement.

k.

Headings.  The descriptive headings of the various sections or parts of this Agreement are for convenience only and shall not affect the meaning or construction of any of the provisions hereof.

l.

Counterparts.  This Agreement may be executed in two or more partially or fully executed counterparts, each of which shall be deemed an original and shall bind the signatory, but all of which together shall constitute but one and the same instrument.

m.

Governing Law and Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Utah without regard to conflict of law principles and will be binding upon and shall inure to the benefit of the parties hereto and their successors and assigns.  Any action to enforce the provision of this Agreement shall be brought in a court of competent jurisdiction in Salt Lake County, State of Utah, and no other place.

SIGNATURE PAGE

IN WITNESS WHEREOF, the parties hereto have executed this document this 21st day of November 2011.

				
	COMPANY:

	 
	Denali Concrete Management, Inc.

	 
	 
	 
	 

	 
	By:

	/s/ Matthew G. Rule

	 

	 
	 
	Matthew G. Rule, President

	 

GRANTEE:

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EXHIBIT A

FORM OF EXERCISE

To: Denali Concrete Management, Inc. (the “Company”)

The undersigned, the owner of the attached Option, hereby irrevocable elects to exercise the purchase rights represented by the Option for, and to purchase thereunder, __________________ shares of Common Stock of the Company.

1.

Payment.  Enclosed is payment of the exercise price of the Common Stock to be acquired in the following form of payment:

a.

A certified check or bank check in the amount of $__________________;

b.

Wire transfer of $__________________; and/or

c.

Cancellation of debt in the amount of $_______________.

2.

Certificate Information.  Please have the certificate(s) registered in the name of ______________________ and delivered to ________________________________________.  If this exercise does not include all of the Common Stock covered by the attached Option, please deliver a new Option of like tenor for the balance of the Common Stock to the undersigned at the foregoing address.

3.

Restricted Securities.  The shares of Common Stock issued pursuant to this exercise have not been registered under the Securities Act and are being issued to the undersigned in reliance upon the exemption from such registration.  The undersigned hereby confirms that it, he, or she has been informed that the shares are restricted securities under the Securities Act and may not be resold or transferred unless they are first registered under the federal securities laws or unless an exemption from such registration is available.  Accordingly, the undersigned acknowledges that he is prepared to hold the shares for an indefinite period.

4.

The stock certificates for the shares shall be endorsed with restrictive legends substantially similar to the following:

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED, OR HYPOTHECATED UNLESS OR UNTIL REGISTERED UNDER THE SECURITIES ACT OR, IN THE OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER OF THE SECURITIES SUCH OFFER, SALE, TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH.

Dated :  _________________, 201___

_________________________________________

Signature of Grantee

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EXHIBIT B

ASSIGNMENT FORM

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto:

______________________________________

______________________________________

______________________________________

______________________________________

(Please print or type name and address)

Please insert social security or other identifying number:  _________________________

_____________ of the Options represented by this Stock Option Agreement, and hereby irrevocably constitutes and appoints any officer of the Company or its transfer agent and registrar as lawful Attorney to transfer this Option on the books of the Company, with  full power of substitution in the premises.

Dated:  ____________, 201___

______________________________

                                            

Signature of Registered Owner

______________________________

Print Name

IMPORTANT: Every registered owner of this Option must sign it to assign or otherwise transfer the Options.  The above signature or signatures must correspond with the name or names of the registered owner of the Options on the books and records of the Company in every particular, without alteration, enlargement or any change whatever.

The undersigned transferee hereby agrees to be bound by the terms and conditions of the Stock Option Agreement dated November 21, 2011, by and between the Company and the Grantee.

Dated:  ____________, 201___

______________________________

                                            

Signature of Transferee

______________________________

Print Name

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