Document:

ex105

    

      ASSIGNMENT
        OF RIGHTS AGREEMENT

      

      This
        Assignment of Rights Agreement (the “Assignment”) is effective as of this
        19th
        day of
        July 2006, by Jan Wallace, a resident of the State of Arizona, to and in
        favor
        of Secured Lending, LLC, a Nevada limited liability company (the
“Company”).

      

      WHEREAS,
        Jan
        Wallace (“Wallace”) entered into that certain Branch Manager Agreement (the
“Branch Agreement”) with Americash, a California corporation, also dated July
        19, 2006; and

      

      WHEREAS,
        Wallace
        entered into the Branch Agreement as a principal of Company in furtherance
        of
        the Company’s business plan to engage in the mortgage banking industry;
        and

      

      WHEREAS,
        this
        Assignment is meant to memorialize Wallace’s assignment of those rights under
        the Branch Agreement for the benefit of the Company; 

      

      NOW
        THEREFORE,
        for full
        and adequate consideration, including one ($ 1.00) dollar and other good
        and
        valuable consideration, the receipt of which is hereby acknowledge, the parties
        hereby represent, covenant, agree and acknowledge as follows:

      

      Section
        1 (Assignment of Rights).
        Any and
        all rights to compensation under that certain Branch Agreement dated July
        19,
        2006 (attached hereto as Appendix A), including after-acquired rights, are
        and
        shall be the exclusive property of the Company and Wallace shall not have,
        nor
        claim to have, any right, title or interest therein or thereto in such capacity.
        All opportunities in connection with the Branch Agreement, whether or not
        involving third parties, shall belong to and be carried out for the account
        of
        the Company. Wallace shall from time to time execute and deliver such additional
        instruments of transfer as may be requested by the Company to confirm such
        transfer to the Company. Notwithstanding anything to the contrary, Wallace
        does
        not delegate and the Company does not assume any of Wallace’s obligations to
        perform under the Branch Agreement. 

      

      Section
        2 (No Defaults).
        Wallace
        represents that the execution, delivery and performance of this Assignment
        and
        the consummation of the transactions contemplated herein will not:

      

      	§  	
              Conflict
                with or result in a breach, default or violation of the Branch Agreement
                (other than Sections 7 and 11 of the Branch Agreement described in
                Section
                3 of this Assignment);

            

      	§  	
              Conflict
                with or result in a breach, default or violation (with due notice
                or lapse
                of time or both) of any material agreement to which the Company is
                a
                party; or

            

      	§  	
              Require
                the Company to obtain or make any waiver, consent, action, approval,
                clearance or authorization of, or registration, declaration or filing
                with, any governmental authority, which has not been obtained, made
                or
                waived.

            

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Section
        3 (Consents).
        No
        later than 30 days from the execution of this Assignment, Wallace agrees
        to
        secure, on behalf of the Company, the following from the President or proper
        authority of Americash: (1) a consent for the Company to access the proprietary
        information of Americash, described in Section 7 of the Branch Agreement,
        for
        the limited purpose to permit Wallace to perform her duties under the Branch
        Agreement while maintaining her fiduciary responsibilities as officer and
        director to Secured Diversified Investment, Ltd., the Company’s sole owner and
        manager; (2) a waiver of the conflict of interest provided in Section 11
        of the
        Branch Agreement to allow Wallace to serve as a director and officer of Secured
        Diversified Investment, Ltd., the owner and manager of the Company, which
        intends engage in the mortgage banking industry; and (3) any other consent
        or
        waiver necessary to avoid a default, breach or violation of the Branch
        Agreement. In connection with the foregoing, the Company agrees in advance
        to
        execute and deliver to Americash any reasonable restrictive covenants to
        the
        nature and extent Wallace is already bound by under the Branch Agreement,
        including the non-solicitation provisions of Section 6 and the covenants
        made in
        Section 7 pertaining to the proper use of trade secrets. 

      

          Section
        4
        (Limited Indemnification).
        Inasmuch
        as Wallace performs her duties under the Branch Agreement in good faith and
        for
        the benefit of the Company and further obtains the consents/waivers required
        in
        this Section 3 of the Assignment, the Company agrees to indemnify Wallace
        in
        connection with any default, breach or violation of the Branch Agreement
        absent
        a finding of intentional misconduct, fraud or knowing violation of the law.
        

      

      Section
        5 (Miscellaneous).
        This
        Assignment constitutes the entire agreement among the parties. All negotiations,
        proposals, modifications and agreements prior to the date hereof among parties
        are merged into this Assignment and are superseded hereby. There are no other
        terms, conditions, promises, understandings, statements, or representations,
        express or implied, among the parties unless set forth in writing and signed
        by
        the parties. This Assignment shall be construed in accordance with the law
        of
        the State of Nevada, and the parties hereto agree that Clark County, Nevada,
        shall be the exclusive venue of any action which may be filed with respect
        to
        this Assignment.

      

      In
        witness hereof, the parties have executed this Assignment on August 16, 2006,
        to
        be effective on the date first written above.

      

      
        	
                Secured
                  Lending, LLC

                 

                 

                _______________________

                By:

                 

                Its:

              	
                 

                 

                 

                _________________________

                Jan
                  Wallaceex106

     

    Agreement

     

    THIS
      "AGREEMENT" is made and entered into by and between Secured Lending,
      a
      Arizona
      corporation. and Dakota First, LLC., a North Dakota Company.

    

    RECITAL

        A.  Secured
      Lending is a Arizona corporation, which provides financial services.    

        B.  Secured
      Lending and Dakota First desire to enter into this Agreement to
      establish, the terms and conditions of Secured Lending
      and Dakota First as set forth below.

    

    AGREEMENT

    NOW,
      THEREFORE, in consideration of the foregoing premise, as well as the
      promises,
      covenants and conditions set forth herein, the parties agree as
      follows:

     

        1.  Employment:
      Secured
      Lending hereby contracts Dakota First in the capacity of loan origination
      of Secured Lending offices located at 12202
      N. Scottsdale Road,
      Phoenix , AZ
      85254. Dakota
      First accepts such agreement. Dakota First's job duties and responsibilities,
      to
      be performed
      with, the approval and concurrence of the President of secured Lending are
      as
      follows:

     

        A.
      Generate
      and process loans in accordance with Secured.
      Lending's general plans
      and
      policies and in compliance with Secured Lending's underwriting standards.

     

    Such
      duties may be curtailed, augmented or modified from time to time as deemed
      mutually agreeable to Dakota First and Secured Lending. Dakota First will at
      all
      times perform their job duties
      in
      an honest and ethical manner and will, at a minimum, comply with the provisions
      of any and
      all
      state or federal statutes, laws, rules or regulations applicable to Secured
      Lending or
      of
any
      requirement of any federal or state agency having
      jurisdiction
      over Secured Lending including but not limited to the United States Department
      of Housing and Urban Development.

     

    Dakota
      First acknowledges and agrees that Dakota. First will devote their
      utmost
      knowledge and best skill, to the performance of their duties.

     

        2.  At-Will
      Employment.
      Dakota,
      First and Secured Lending understand and expressly agree that Dakota Firsts
      agreement may be terminated by Secured Lending or by Dakota First at any time,
      with or without notice and with or without cause. Dakota First and Secured
      Lending expressly agree that this provision is intended by Dakota First and
      by
      Secured Lending
      to be the complete and final, expression of their understanding regarding the
      terms and
      conditions under which Dakota First's agreement may be terminated. Dakota First
      and Secured Lending further understand and agree that no representation contrary
      to this provision is valid, and
      that
      this provision may not be augmented, contradicted or modified in any way, except
      by a
      writing
      signed by Dakota First and Secured Lending

     

        3.  Compensation.
      As
      compensation for the services to be rendered by Dakota First

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    hereunder,
      Secured Lending shall pay Dakota First pursuant to the
      schedule
      attached, hereto as
      Schedule
      "A". Any fees from Loans generated, including loans in the pipeline and
prequalifications,
      by Dakota First prior to Dakota First's termination with Secured Lending,
      but
      which
      loans close after, for whatever cause, will be paid to Dakota First, according
      to the schedule referenced above in this subparagraph.. The
      payment
      of commissions to Dakota First shall be subject to the following
      provisions:

     

        3.1. Deduction
      of Expenses. Dakota
      First
      authorize Secured Lending to
      deduct
from
      any
      commissions due at termination. of this Agreement all financial obligations
      owed
      to Secured. that are imposed. by the terms of this Agreement, including, past
      due fees, dues, late charges and expenses of commission payable to Dakota
      First.

     

        3.2 Receipt
      of Commissions.
      All
      commissions will
      be
      received by Secured
      Lending.
      Dakota First's share of such commissions, as outlined in schedule “A",
      however, shall be payable upon the
      funding
      of each loan

     

        3.3 Non-Liability
      for Uncollected Commissions.
      In no
      event shall Secured
      Lending
      be liable to Dakota First for Dakota First's
      share
      of commissions not collected, nor
      shall
      Dakota First he entitled to any advance or payment from Secured Lending
      upon future
      commissions.

     

        4.  Employer’s
      Policies and Regulations.
      Dakota
      First will comply with policies and regulations, including those set forth
      in
      Secured Lending's , policies and procedures manual, if any, and any subsequent
      amendments or additions thereto and Secured Lending's underwriting standards
      for loans and any amendment or additions thereto. In. the event of any conflict
      between
      those
      policies and regulations and. this Agreement, the terms of this Agreement shall
      govern,

     

          
      5.  Solicitation
      of Employees or Customers.
      The
      non-solicitation covenants contained in paragraph 5 will be mutually binding
      on
      the Secured Lending and Dakota First.

     

        5.1 Information
      About Other Employees and Independent Contractors.
      Dakota
      First will be called upon to work closely with employees and independent
      contractors of Secured Lending in performing services under this Agreement.
      All
information
      about such employees and/or independent contractors which becomes
      known to
      Dakota
      First during the course of their agreement with Secured Lending, and which,
      is
      not
      otherwise known to the public, including compensation or commission structure,
      is not tolerated.

     

        6.
       Further
      Restrictive Covenants.
      The
      Trade Secrets covenants contained, in.
      paragraph 6 will
      be
      mutually binding on the Secured Lending and Dakota First. Neither Secured
      Lending nor Dakota
      First shall make improper use or disclosure of their respective Trade
      Secrets. Disclosure
      of
      Trade
      Secrets to
      someone
      who is not
      an
      employee of Secured Lending must first be authorized in
      writing by the President on behalf
      of
      Secured Lending or by the Branch Manager on behalf of
      Dakota
      First.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

          6.1 Trade Secrets.
        During
        the course of Dakota First's agreement, Dakota First will. have access to
        various trade secrets of Secured Lending. A "Trade Secret" is information
        which
        is not generally known to the public and, as a result, is of economic benefit
        to
        Employer in the conduct of its business. Dakota First and Secured Lending
        agree
        that Track Secrets include,
        but are not limited to, a11. information, developed or obtained by Secured
        Lending and comprising the following items, whether or not such
        items
        have been reduced to tangible form (e.g. physical writing) all methods,
        techniques, processes, ideas, research and development, trade names, service
        n.
        arks,
        slogans, forms, customer lists, pricing structures, menus., business forms,
        marketing programs and plans, layouts and designs, financial structures,
        operational methods and tactics, cost information,
        the identity of or contractual arrangements with suppliers, the
        identity
        or buying habits of customers, accounting procedures, and any document,
        record. or other information of Secured. Lending relating to the
        above.

    

     

        6.2
      During
      the course of Dakota First's agreement, Secured Lending will have
      access
      to various trade secrets of Dakota First. A "Trade Secret" is information
      which is not generally known to the public and., as a result, is
      of
      economic benefit to employer in the conduct of its business. Dakota First and
      Secured Lending agree that trade secrets include, but not limited to, all
      information developed or obtained by Dakota first and compromising the following
      items, whether or not such items have been reduced to tangible form (e.g.
      physical writing) all methods, techniques, processes, ideas, research and
      development, trade names, service marks, slogans, forms, customer lists, pricing
      structures, menus, business forms, marketing programs and plans, layouts and
      designs, financial structures, operational methods and tactics, cost
      information, the identity of or contractual arrangements with. suppliers, the
      identity or buying habits of customers, accounting procedures. and any document,
      record or other information of Dakota First relating above.

     

        6.2.1
      Non.
      Disclosure. Dakota First will not publish. or disclose, or allow to be published
      or disclosed., Trade Secrets to any person who is not an employee of Secured
      Lending unless such disclosure is necessary for the performance of Dakota
      First's obligations under this Agreement. Disclosure to someone who is not
      an
      employee of Secured Lending must first be authorized, in writing by the
      President.

     

        6.2.2 Use
      Restriction. Dakota
      First will use Trade Secrets only for the limited purpose for which they were
      disclosed.. Dakota. First will not disclose any Trade
      Secrets
      to any third party (including subcontractors) without first obtaining Secured
      Lending's written consent
      and will disclose Trade Secrets only to Secured. Lending's 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    own
      employees having a need to know. Dakota First will promptly notify Secured
      Lending of any Trade Secrets improperly or prematurely disclosed.

    

        7.
      Representation Concerning Prior Agreements Dakota
      First represents to Secured Lending that they are not bound by any
      non-competition or non-solicitation agreement that would. preclude, limit or
      in
      any manner affect Dakota First Agreement with Secured Lending, Dakota First
      further represents that he can fully perform the duties of their agreement
      without violating any obligations they may have to any former employer,
      including but not limited to, misappropriating any proprietary information
      acquired from a prior employer and agrees that they have not and will not
      misappropriate any proprietary information acquired from any prior employer.
      (see schedule "A")

     

        8.
      Limitations
      on Authority.
      Without
      the express written consent from the Secured Lending, Dakota First has no
      authority to:

    

    a)  Pledge
      the credit of Secured. Lending or any of its other employees;

    b)  Release
      or discharge any debt in excess of $ 100.00 due to Secured Lending
      unless Secured Lending has received the full amount thereof; and

    c)  Sell,
      mortgage, transfer or otherwise dispose of any non-inventory assets of
      the
      Secured. Lending which, have a fair market value in excess of
      $100.00

     

        9.
      Personnel
      Policies and Procedures.
      Secured,
      Lending has the authority to establish from time to time personnel policies
      and
      procedures to be followed by its employees. Dakota First agrees to comply with
      the policies and procedures of Secured. Lending. To the extent any provisions
      in. Secured Lending's personnel policies and procedures differ with the terms
      of
      this Agreement, the terms of this Agreement apply. In. no case will any
      personnel policies or procedures be deemed to contradict the at-will employment
      provision in. this Agreement.

    

        10. Advertising.
      No
      advertising in any form. is to be used by Dakota First prior to written approval
      from Secured. Lending.

    

        11. Accounts.
      No
      savings, checking, investment or other accounts may be
      established
      by Dakota First in. the name of Secured Lending or in any naive similar to
      that
      of Secured Lending. The determination as to similarity of names is within the
      sole discretion of Secured. Lending.

     

        12. General
      Provisions. 

     

        12.1
      Continuing Obligations. Neither
      the
      termination
      of Dakota. First's agreement, termination, of this Agreement shall affect any
      rights or obligations accruing prior thereto or any
      continuing obligations
      of
      the
parties
      hereunder.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

        12.2
      Notice.
      Any
      notice, request, instruction or other document to be given hereunder
      shall be in writing and shall he deemed. to have been given when
      delivered personally, 

    Entire
      Agreement.
      This
      Agreement supersedes any and all other agreements, either oral or in writing
      or
      implied. in fact, between the parties hereto with respect to the
      employment
      of Dakota First by Secured, Lending, and contains all of the covenants and
      agreements between the parties with respect to that employment. Each, party
      to
      this Agreement acknowledges that, with respect to employment, no
      representations, inducements, promises or agreements, orally or otherwise,
      have
      been made by any party, or anyone acting on behalf of any party, which are
      not
      embodied herein, and that no other agreement, statement or promise not contained
      in this Agreement shall he valid, or binding.

     

        12.3
      Modif.cations.
      Any
      modification of this Agreement will be effective only if it is in a writing
      that
      (i) is signed by both parties; (ii) specifically references this Agreement
      and
      (iii) specifically expresses an intent by both parties to modify this
      Agreement.

     

        12.4
      Effect of Waiver.
      The
      failure of either party to insist on strict compliance with any of the terms,
      covenants or conditions of this Agreement by the other party shall not be deemed
      a waiver of that term, covenant or condition, nor shall any waiver or
      relinquishment of any right or power at any one time or times be deemed a waiver
      or relinquishment of that right or power for all, or any other
      tunes.

     

        12.5
      Partial Invalidity,.
      If any
      provision in this Agreement is held by a court of competent jurisdiction to
      be
      invalid., void, or unenforceable, the remaining provisions shall nevertheless
      continue in. fall force without
      being
      impaired or invalidated
      in any way. Dakota
      First acknowledges and agrees that Secured Lending has no duty or obligation
      to
      employ Dakota First at
      any
      time
      after expiration of this Agreement.

        

        12.6
      Law
      Governing Agreement.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Arizona

     

        13.
      Acknowledgement. Dakota
      First acknowledges that they have had the opportunity to consult with
      independent counsel of their own, choice concerning this Agreement, and that
      they have taken advantage if that opportunity to the
      extent
      that Dakota First desires. Secured Lending further acknowledges that they have
      read and understands this Agreement, is fully aware of its legal effect, and
      has
      entered into it voluntarily based. on Their own judgment.

     

     

    Executed
      on August 2, 2006 at Phoenix, Arizona 

    By:
      Secured Lending

    By:
/s/
      Jan Wallace

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    Schedule
      "A" to Dakota First and Secured

    Lending
      Agreement

     

    Dakota
      First Compensation

    Dakota
      First will receive a commission from Secured Lending as follows:

     

      	1.  	70%
              all origination fees and discount points

    

    
      	2.  	
              70%
                of all yield spread. premiums. All fees will be paid, after fees
                to
                Americash. are paid. ($595usd plus a quarter point and surcharges
                from
                certain banking institutions in the Americash banking
                arms)

            

    

    
      	3.  	
              A
                $30,000usd. consulting fee, to be paid each month over three months,
                for
                the months of June, July, August of
                2006.

            

    

    
      	4.  	
              Dakota
                First understands and agrees that it will be paid. commissions on
                loans
                its organization generates. Any loans generated by outside contractors,
                employees, agents, Americash, or representatives of Secured
                Lending will not entitle Dakota First to
                commissions.

            

    

    
      	5.  	
              Dakota
                first will use its best efforts to assist Secured Lending in achieving
                Secured
                Lending revenue goals of 80 loans a month as outlined, in the
                attached
                proforma (addendum A)

            

    

    
      	6.  	
              Secured
                Lending understands and agrees that Dakota First will be pursuing
                many
                other
                business ventures in. the mortgage industry and will exercise these
                options
                without interference from Secured
                Lending.

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