Document:

Exhibit 10.5

    Exhibit
      10.5

     

    CONSULTING
      AGREEMENT

    

    This
      CONSULTING AGREEMENT made this 16th day of November 2006 effective as from
      January 24, 2006, by and between Simon Goldberg and Razi Mireskandari both
      partners of Simons Muirhead and Burton Solicitors whose address is 50 Broadwick
      Street, London, England SW1 United Kingdom (hereinafter referred to as
      "Consultant") and Information Systems Associates, Inc. a Florida corporation
      with offices at 2120 Danforth Circle, Palm City, FL 34990 (hereinafter referred
      to as the "Company")

    

    WHEREAS,
      the Company desires to obtain the benefit of the services of Consultant to
      provide the services hereinafter set forth during a one year period commencing
      January 24, 2006 and ending January 23, 2007 at the rate of compensation set
      forth herein; and 

    

    WHEREAS,
      the Consultant has agreed to render such services to the Company;

    

    NOW,
      THEREFORE, in consideration of the mutual covenants and conditions herein
      contained and the acts herein described, it is agreed between the parties as
      follows:

    

    	1.  	
            The
              Company hereby engages and retains Consultant and Consultant hereby
              agrees
              to render services and advice to the Company for a one (1) year period
              commencing January 24, 2006 and ending January 23,
              2007.

          

    	2.  	
            The
              services to be rendered by Consultant shall consist of giving relevant
              legal advice and opinions to the Company where Company requires advice
              under UK law. Consultant shall have the sole discretion as to the form,
              manner, and place in which said advice shall be given and the amount
              of
              time to be devoted to serve under this Agreement. The Company will
              rely on
              the Consultant to work as many hours as may be reasonably necessary
              to
              fulfill Consultant's obligations under this Agreement. Except as provided
              hereinafter, an oral opinion by the Consultant to the Company shall
              be
              considered sufficient compliance with the requirements of this paragraph.
              Consultant shall devote to the Company only such time as it may deem
              necessary, and when reasonably requested by the Company, and shall
              not by
              this agreement be prevented or barred from rendering services of the
              same
              or similar nature, as herein described, or services of any nature
              whatsoever for or on behalf of persons, firms, or corporations other
              than
              the Company. The Company recognizes the Consultant provides services
              to
              other clients.

          

    	3.  	
            The
              Company shall compensate the Consultant by the issuance of 100,000
              sharess
              of its common stock, to be registered under a Registration Statement
              on
              Form SB-2 or any other available form as soon as is practicable after
              the
              execution and delivery of this Agreement. The Consultant shall pay
              all
              "out of-pocket" expenses in connection with the services rendered and
              shall not be entitled to reimbursement from the Company unless authorized
              in writing in advance.

          

    	4.  	
            The
              Company will not provide support services, including office space and
              secretarial services, for the benefit of the
              Consultant.

          

    	5.  	
            The
              Consultant and the Company recognize that the Consultant's Services
              will
              include working on various projects for the Company where
              appropriate.

          

    	6.  	
            It
              is understood by the parties that the Consultant is as independent
              contractor with respect to the Company, and not an employee. The Company
              will not provide fringe benefits, including health insurance benefits,
              paid vacation, or any other employee benefit, for the benefit of the
              Consultant.

          

    	7.  	
            The
              Company recognizes that the Consultant has or may have access to the
              Company's proprietary information ("Information") which are valuable,
              special and unique assets of the disclosure of the information, the
              Consultant agrees that the Consultant will not at any time or in any
              manner, either directly or indirectly, use any Information for the
              Consultant's own benefit, or divulge, disclose, or communicate in any
              manner any Information to any third party without the prior written
              consent of the Company. The Consultant will protect the Information
              and
              treat it as strictly confidential. A violation of this paragraph shall
              be
              a material violation of the Agreement. 

          

    	8.  	
            The
              confidentiality provisions of this Agreement shall remain in full force
              and effect after the termination of this
              Agreement.

          

    	9.  	
            Upon
              termination of this Agreement, the Consultant shall deliver all records,
              notes, data, memoranda, models, and equipment of any nature that are
              in
              Consultant's possession or under Consultant's control and that are
              the
              Company's property or relate to the Company's
              business.

          

    	10.  	
            All
              notices required or permitted under this Agreement shall be in writing
              and
              shall be deemed delivered when delivered in person or deposited in
              the
              United States mail, postage, prepaid, addressed as
              follows:

          

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    IF
      for
      the Company:

    

    Information
      Systems Associates, Inc.

    2120
      Danforth Circle

    Palm
      City, FL 34990

    

    Attn.
      Joseph Coschera

    

    IF
      for
      the Consultant:

    

    Simons
      Muirhead and Burton

    50
      Broadwick Street

    London
      SW1 England UK

    

    Attn.
      Mr.
      Simon Goldberg

    

    Such
      address may be changed from time to time by either party by providing written
      notice to the other in the manner set forth above.

    

    	11.  	
            This
              instrument contains the entire agreement of the parties. There are
              no
              representations or warranties other than as contained herein, and there
              shall not be any liability to Consultant for any service rendered to
              the
              Company pursuant to this agreement. No waiver or modification hereof
              shall
              be valid unless executed in writing with the same formalities as this
              Agreement. Waiver of the breach of any term or condition of this Agreement
              shall not be deemed a waiver of any other subsequent breach, whether
              of
              like or of a different nature.

          

    	12.  	
            The
              Agreement shall be construed according to the laws of State of Florida
              as
              they are applied to agreements executed and to be performed entirely
              within such Sate and shall be binding upon the hereto, their successors
              and assigns.

          

     

    

    

    /s/
      Simon Goldberg

    Simon
      Goldberg

    for
      and
      on behalf of Simons Muirhead and Burton

    

    

    

    INFORMATION
      SYSTEMS ASSOCIATES, INC.

    

    

    /s/
      Joseph Coschera, President

    Joseph
      Coschera, President

    

    

    
      
         

      

      
        2Exhibit 10.6

     

    Exhibit
      10.6

     

    

     

     

    
      
         

      

      
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        6Exhibit 10.7

     

    Exhibit
      10.7

     

    

     

    
      
         

      

      
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        11

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