Document:

ex105.htm

FINANCIAL COMMUNICATIONS CONSULTING AGREEMENT

This consulting agreement ("Agreement"), effective as of August 17, 2010 (the “Effective Date”), is entered by and between Tactical Air Defense Services, Inc. a Nevada corporation ("the Company or “Company") and Wall Street Resources, Inc., a Florida corporation ("Consultant").

RECITALS

WHEREAS, the Company is a public company with its shares of common stock trading under the symbol “TADF” on the OTCBB exchange in the United States; and

WHEREAS, Consultant has experience in the area of security analysis, corporate finance, investor communications; and

WHEREAS, the Company desires to engage the services of Consultant to provide investor relations services and communications with existing shareholders, brokers, dealers and other investment professionals, as to the Company's current and proposed activities;

NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements herein set forth, and intending to be legally bound, the Company and Consultant agree as follows:

	
1.  

	
Term of Consultancy.   The Company engages Consultant to act in a consulting capacity to the Company, and Consultant agrees to provide services to the Company commencing on the date first set forth above and ending August 16, 2011. Notwithstanding the above, the Company may terminate the Agreement with 30 day written notice.

	
2.  

	
Duties of Consultant.  The Consultant will generally provide the following consulting services (the “Services”) during the term of this Agreement:

	
a)  

	
Include a write up of the Company in 12 monthly newsletters;

	
b)  

	
Include a write up of the Company in 260 daily newsletters;

	
c)  

	
Featured the Company on WSR’s website with dedicated landing page;

	
d)  

	
Create and maintain a 2 page fact sheet and corporate profile;

	
e)  

	
Edit and submit press releases (an average of one per month included in price).

	
f)  

	
Manage all incoming investor calls and emails.

	
g)  

	
Set up and manage a fully automated IR tool suite that mirrors the Company’s website, automatically populates with new press releases and SEC filings, provides fully functional contact management system and email alerts platform.  Note: The Company must engage Equisolve, LLC or equivalent platform for Consultant to fulfill this portion on the agreement.

	
3.  

	
Allocation of Time and Energies.  The Consultant will perform the Services in a professional manner in accordance with accepted industry standards and in compliance with applicable securities laws and regulations. Although no specific hours-per-day requirement will be required, the parties acknowledge and agree that a disproportionately large amount of the effort to be extended and the costs to be incurred by the Consultant, and the benefits to be received by the Company, are to be expected to occur upon and shortly after, and in any event, within two months of the effectiveness of this Agreement.  It is explicitly understood that Consultant's performance of its duties hereunder will in no way be measured by the price of the Company's common stock, nor the trading volume of the Company's common stock. It is understood that the Company is entering into this Agreement with the understanding that Gerald N. Kieft will be the principal of Consultant during the entire term of this Agreement.

4. Remuneration.

	
a.  

	
For undertaking this engagement and for other good and valuable consideration, the Company agrees to issue and deliver to the Consultant the "Commencement Bonus", payable in the form of 6,000,000 shares of the Company's 144 restricted common Stock ("Common Stock"). The Company also agrees to pay Consultant a retainer of $3,500 per month in cash beginning in month four of the Agreement. The Commencement Bonus shall be issued to the Consultant immediately following execution of this Agreement and shall, when issued to the Consultant, be fully paid and non-assessable. The monthly retainer shall be paid to the Consultant in monthly installments due on each 30-day anniversary of the Effective Date with the first payment due on November 17, 2010.  The Company also agrees to hire a third party vendor selected by the Consultant for $500 in cash per month to implement an IR suite that mirrors the Company’s website immediately following execution of this Agreement.  The Company understands and agrees that Consultant has forgone significant opportunities to accept this engagement and the Company derives substantial benefit from the execution of this Agreement and the ability to establish its relationship with Consultant. The shares of Common Stock issued as a Commencement Bonus, therefore, constitute payment for Consultant's agreement to consult with the Company and are a nonrefundable and non-ratable retainer. Such Shares are not a prepayment for future services. If the Company attempts to terminate this Agreement prior to the expiration of its term for any reason whatsoever, it is agreed and understood that Consultant will not be requested or demanded by the Company to return any of the Shares paid to it hereunder.

	
b.  

	
Consultant acknowledges that the shares of restricted Common Stock to be issued pursuant to this Agreement (collectively, the "Shares") have not been registered under the Securities Act of 1933 and accordingly are "restricted securities" within the meaning of Rule 144 of the Act. As such, the shares may not be resold or transferred unless the Company has received an opinion of counsel reasonably satisfactory to the Company that such a resale or transfer is exempt from the registration requirements of Rule 144 of the Act.

	
5.  

	
Expenses.  Consultant agrees to pay for all its expenses (phone, labor, etc.), other than extraordinary items for which the Company will reimburse Consultant.  Such extraordinary items include travel and entertainment required by/or specifically requested by the Company, luncheons or dinners for large groups of investment professionals, mass faxing to a sizable percentage of the Company's constituents, investor conference calls, print advertisements in publications, and like expenses, expenses which shall be approved by the Company prior to its incurring an obligation for reimbursement.   Company is also responsible for direct costs relating the production and mailing of investor relations kits.

	
6.  

	
Indemnification.

	
a.  

	
The Company agrees to indemnify and hold harmless Consultant, its officers, directors, employees, affiliates and agents harmless from and against any and all losses, claims, damages and liabilities, related to or arising out of any breach by the Company of its obligations under this Agreement and/or the Company’s actions in connection with the transactions and/or activities contemplated herein.

	
b.  

	
Consultant agrees to indemnify and hold harmless Company, its officers, directors, employees, affiliates and agents harmless from and against any and all losses, claims, damages and liabilities, related to or arising out of any breach by Consultant of its obligations under this Agreement and/or the Consultant’s actions in connection with the transactions and/or activities contemplated herein.

	
7.  

	
Representations. The Company warrants and represents that all oral communications, written documents or materials furnished to Consultant are accurate, and the Consultant warrants and represents that all communications by Consultant with the public, with respect to the financial affairs, operations, profitability and strategic planning of the Company, will be in accordance with information provided to it by the Company. The Consultant may rely upon the accuracy of the information provided by the Company without independent investigation. Consultant represents that it is not required to maintain any licenses and registrations under federal or any state regulations necessary to perform the Services set forth herein. Consultant acknowledges that to the best of its knowledge, the performance of the Services will not violate any rule or provision of any regulatory agency having jurisdiction over Consultant. Consultant acknowledges that to the best of its knowledge, Consultant and its officers and directors are not the subject of any investigation, claim, decree or judgment involving any violation of the SEC or securities law. The Company acknowledges that to the best of its knowledge that it has not violated any rule or provision of any regulatory agency having jurisdiction over the Company. The Company also acknowledges that, to the best of its knowledge, the Company is not the subject of any investigation, claim, decree or judgment involving any violation of the SEC or securities laws.

	
8.  

	
Status as Independent Contractor. Consultant’s engagement pursuant to this Agreement shall be as independent contractor, and not as employee, officer or other agent of the Company. Neither party to this Agreement shall represent or hold itself out to be the employer or employee of the other. Consultant further acknowledges the consideration provided hereinabove is a gross amount of consideration and that the Company will not withhold from such consideration any amounts as to income taxes, social security payments or any other payroll taxes. All such income taxes and other such payment shall be made or provided for by Consultant and the Company shall have no responsibility or duties regarding such matters. Neither the Company nor the Consultant possesses the authority to bind each other in any agreements, without the express written consent of the entity to be bound.

	
9.  

	
Attorneys' Fees.  If any legal action(s) or any arbitration or other proceeding(s) is brought for the enforcement or interruption of the Agreement, or because of alleged dispute, breach, default or misrepresentation in connection with or related to this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorney's' fees and other costs in connection with that action(s) or proceeding(s), in addition to any other relief to which they may be entitled.

	
10.  

	
Waiver.  The waiver by either party of a breach of any provision of this agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by such other party.

	
11.  

	
Notices.  All notices, requests, and other communications hereunder shall be deemed to be duly given if sent by U.S. mail, postage prepaid, addressed to the other party at the address set forth herein below:

Tactical Air Defense Services, Inc.                                                                                     Wall Street Resources, Inc.

123 West Nye Lane, Suite 517                                                                                     3557 SW Corporate Parkway

	
Carson City, Nevada 89706

	
Palm City, FL 34990

Either party may change address, to which notices for it shall be addressed by providing notice of such change to the other party, in the manner set forth in this paragraph.

	
12.  

	
Choice of Law, Jurisdiction and Venue.  This Agreement shall be governed by, construed and enforced in accordance with the internal laws of the State of Florida, without giving effect to its conflict of laws or choice of law principles.

	
13.  

	
Arbitration.  Any controversy or claim arising out of or relating to this Agreement, or the alleged breach thereof, or relating to Consultant's activities or remuneration under this Agreement, shall be settled by binding arbitration in West Palm Beach, Florida in accordance with the applicable rules of the American Arbitration Association, and judgment on the award rendered by the arbitrator(s) shall be binding on the parties and may be entered in any court having jurisdiction.

	
14.  

	
Complete Agreement. This Agreement contains the entire agreement of the parties relating to the subject matter hereof. This Agreement and its terms may not be changed orally, but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension or discharge is sought.

 

AGREED TO:

	
"The Company"

	
Tactical Air Defense Services, Inc.

123 West Nye Lane

Suite 517

Carson City, Nevada 89706

 

Dated: August 17, 2010                                                      By: ___________________________

Alexis Korybut

Chief Executive Officer

and Its Duly Authorized Officer

	
"Consultant"

	
Wall Street Resources, Inc.

3557 SW Corporate Parkway

Palm City, FL 34990

 

Dated: _______________                                                                By: ____________________________

Gerald N. Kieft

President

and Its Duly Authorized Offiex106.htm

 

   CONSULTING AGREEMENT

 

This consulting agreement (the “Agreement”) is made and entered into between Tactical Air Defense Services, Inc., a Nevada corporation whose registered place of business is 123 W. Nye Lane, Carson City, NV 89706 (hereinafter, the "Company"), and MBC Consulting L.L.C., a Florida corporation whose principle place of business is 2402 Venetian Way., Boynton Beach, Florida 33426 (hereinafter referred to as “Consultant”).

 

In consideration of the mutual covenants set forth below, the Company agrees to retain Consultant, and Consultant agrees to be retained by the Company commencing on this _____day of August, 2010 (hereinafter, the “Effective Date”), and as set forth in this Agreement.

 

1. Consulting Services

 

In its capacity as consultant to the Company, Consultant will perform the following services:

 

	
a.  

	
Provide management, financial, and strategy advice to the Company; and

 

	
b.  

	
Provide such other advice, assistance, or services as may be reasonably requested by the Company as mutually agreed upon by Consultant and the Company.

 

2. Fees

 

Consultant’s compensation for acting as consultant to the Company during the term of this Agreement and pursuant to this Agreement will be the following fees:

 

	
a.  

	
Consultant shall be given a grant of 15,000,000 fully-vested restricted shares of common stock of the Company, as an inducement to enter into this Agreement.

 

	
b.  

	
Consultant shall be entitled to reimbursement of any or all reasonably incurred out-of-pocket expenses incurred in the performance of the functions and duties under this Agreement.  In order to receive reimbursement, Consultant must timely provide the Company with an itemized account of all expenditures, along with suitable receipts therefore.

 

3. Term

 

It is understood that the Company hereby engages Consultant to act as consultant for a twelve-month period (the “Term”) commencing on the Effective Date of this Agreement.

 

4. Information

 

In connection with Consultant's activities on the Company's behalf, the Company will cooperate with Consultant and will furnish Consultant with all information and data concerning the Company which Consultant reasonably believes appropriate to the performance of services contemplated by this Agreement (all such information so furnished being the "Information") and will provide Consultant with reasonable access to the Company's officers, directors, employees, independent accountants, and legal counsel.  The Company recognizes and confirms that Consultant (i) will use and rely primarily on the Information and on information available from generally recognized public sources in performing the services contemplated by the Agreement, without having independently verified same, and (ii) does not assume responsibility for the accuracy of completeness of the Information and such other information.  The Information to be furnished by the Company, when delivered, will be, to the best of the Company's knowledge, true and correct in all material respects and will not contain any material misstatements of fact or omit to state any material fact necessary to make the statements contained therein not misleading. The Company will promptly notify Consultant if it learns of any material inaccuracy or misstatement in, or material omission from any information thereto delivered to Consultant.

 

	
5.  

	
Covenant

 

	
a.  

	
Consultant agrees not to use, disclose, or communicate, in any manner, proprietary information about the Company, its operations, clientele, or any other proprietary information, that relate to the business of the Company.  This includes, but is not limited to, the names of the Company’s customers, clients, vendors, employees, or independent contractors, or any other information of any kind which would be deemed confidential or proprietary information of the Company.

 

	
b.  

	
Consultant agrees that for a period of two (2) years following termination or expiration of this Agreement, for any reason whatsoever, Consultant will not solicit, including but not limited to the following: customers, clients, vendors, employees, or independent contractors, of the Company.

 

	
6.  

	
Indemnification for Third-Party Claims

 

The Company agrees to indemnify and hold harmless Consultant to the fullest extent permitted by law, from and against any and all losses, claims, damages, liabilities, obligations, penalties, judgments, awards, costs, expenses, and disbursements (and any and all actions, suits, proceedings and investigations in respect thereof and any and all legal and other costs, expenses and disbursements in giving testimony or furnishing documents in response to a subpoena or otherwise), including, without limitation, the costs, expenses, and disbursements, as and when incurred, of investigating, preparing, or defending any such action, suit, proceeding, or investigation (whether or not in connection with litigation in which Consultant is a party), directly or indirectly, caused by, relating to, based upon, arising out of, or in connection with, Consultant’s acting for the Company, including, without limitation, any act or omission by Consultant in connection with his/her acceptance of or the performance or nonperformance of his/her duties and obligations under this Agreement, provided, however, such indemnification shall not apply to any portion of any such loss, claim, damage, obligation, penalty, judgment, award, liability, cost, expense, or disbursement to the extent it is found in a final judgment by a court of competent jurisdiction (not subject to further appeal) to have resulted primarily and directly from the gross negligence or willful misconduct of Consultant.

 

If any action, suit, proceeding, or investigation is commenced, as to which Consultant proposes to demand indemnification, he/she shall notify the Company with reasonable promptness.  Consultant shall have the right to retain counsel of his/her own choice to represent him/her, which counsel shall be reasonably acceptable to the Company, and the Company shall pay the fees, expenses, and disbursements of such counsel, and such counsel shall, to the extent consistent with its professional responsibilities, cooperate with the Company and any counsel designated by the Company.  The Company shall be liable for any settlement of any claim against Consultant.  The Company shall not, without the prior written consent of Consultant, settle or compromise any claim, or permit a default or consent to the entry of any judgment in respect thereof, unless such settlement, compromise, or consent includes, as an unconditional term thereof, the giving by the claimant to Consultant of an unconditional and irrevocable release from all liability in respect of such claim.

 

Neither termination nor completion of this Agreement shall affect these Indemnification Provisions which shall then remain operative and in full force and effect.

 

7. Governing Law and Jurisdiction

 

The validity and interpretation of this Agreement, and any claim or dispute of any kind or nature whatsoever arising from out of or in any way relating to the Agreement, directly or indirectly, shall be governed by, and construed and enforced in accordance with, the laws of the State of Florida applicable to agreements made and to be fully performed therein (excluding the conflicts of laws rules),  and any claims be brought against the Company related to the terms or conditions of this Agreement shall be brought within a court of competent jurisdiction within the county of Palm Beach County, Florida.

 

8. Enforceability

 

If it is found in a final judgment by a court of competent jurisdiction (not subject to further appeal) that any term or provision hereof is invalid or unenforceable, (i) the remaining terms and provisions hereof shall be unimpaired and shall remain in full force and effect and (ii) the invalid or unenforceable provision or term shall be replaced by a provision or term that is valid and enforceable and that comes closest to expressing the intention of such invalid or unenforceable term or provision.

 

9. Entire Agreement

 

This Agreement embodies the entire agreement and understanding of the parties hereto and supersedes any and all prior agreements, arrangements, and understanding relating to the matters provided for herein.  No alteration, waiver, amendment, change or supplement hereto shall be binding or effective unless the same is set forth-in writing signed by a duly authorized representative of each party.

 

10. Company Authority

 

The Company has all requisite corporate power and authority to enter into this Agreement, and the services contemplated hereby.  This Agreement has been duly and validly authorized by all necessary corporate action on the part of the Company and has been duly executed and delivered by the Company and constitutes a legal, valid, and binding agreement of the Company, enforceable in accordance with its terms.

 

11. Consultant Authority

 

Consultant has all requisite corporate power and authority to enter into this Agreement.  This Agreement has been duly and validly authorized by all necessary corporate action on the part of Consultant and has been duly executed and delivered by Consultant and constitutes a legal, valid, and binding agreement of Consultant, enforceable in accordance with its terms.

 

12. Counterparts

 

For the convenience of the parties, any number of counterparts of this Agreement may be executed by the parties hereto.  Each such counterpart shall be, and shall be deemed to be, an original instrument, but all such counterparts taken together shall constitute one and the same Agreement.

 

 

 

Agreed to on the date first written above, by and between:

 

 

 

 

 

MBC Consulting L.L.C. (“Consultant”)

Marc Brannigan, Managing Member

Tactical Air Defense Services, Inc. (“Company”)

Alexis Korybut, President & CEO

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