Document:

Greenlite Ventures, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

CONSULTING AGREEMENT

This AGREEMENT (the "Agreement"), is made and entered
into as of this 6th day of March, 2012, by and between Mirador Consulting LLC, a
Missouri Limited Liability Company, (the "Consultant"), having an address of
7300 N. Federal Highway, Suite 207, Boca Raton, Florida 33487-1631 and Greenlite
Ventures Inc. a Nevada Corporation, having an address of 810 Peace Portal Drive,
Suite 201, Blaine, Washington 98230 (the "Company") (together the "Parties").

WHEREAS, Consultant is in the business of providing
services for management consulting, business advisory, shareholder information
and public relations, and arranging financing for client companies ; 

WHEREAS, the Company deems it to be in its best interest
to retain Consultant to render to the Company such services as may be needed;
and 

WHEREAS, the Parties desire to set forth the terms and
conditions under which Consultant shall provide services to the Company; 

NOW, THEREFORE, in consideration of the mutual promises
and covenants herein contained, and other good and valid consideration, the
receipt of which is hereby acknowledged, the Parties hereto hereby agree as
follows: . 

1. Term of Agreement 

The Agreement shall remain in effect from the date hereof
through the expiration of a period of six months from the date hereof (the
"Initial Term"), and thereafter may be renewed in six month increments upon the
mutual written consent of the Parties (the Initial Term and any subsequent term
hereinafter collectively referred to as the “Term”).

2. Nature of Services to be Rendered 

During the Term hereof, and any renewal, Consultant shall (a)
provide the Company with corporate consulting services on a best efforts basis
in connection with mergers and acquisitions, corporate finance, corporate
finance relations, introductions to other financial relations companies and
other financial services; (b) use its best efforts to locate and identify to the
Company private and/or public companies for potential merger with or acquisition
by the Company; (c) contact the Company's existing stockholders, responding in a
professional manner to their questions and following up as appropriate; and (d)
use its best efforts to introduce the Company to various securities dealers,
investment advisors, analysts, funding sources, and other members of the
financial community with whom it has established relationships, and generally
assist the Company in its efforts to enhance its visibility in the financial
community. It is acknowledged and agreed by the Company that Consultant carries
no professional licenses, and is not rendering legal advice or performing
accounting services, nor acting as an investment advisor or brokerage/dealer
within the meaning of applicable state and federal securities laws. The services
of Consultant shall not be exclusive nor shall Consultant be required to render
any specific number of hours or assign specific personnel to the Company or its
projects.

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3. Non-Disclosure of Information and Non-Circumvention

Except as otherwise set forth in Paragraph 5 hereof, each of
the Parties, on behalf of itself and its partners (if applicable), members,
agents, affiliates, representatives, successors and assigns (collectively, for
purposes of this paragraph 3, the "Undersigned") hereby acknowledges: 

Any and all information pertaining to the other signatory
hereto and/or its subsidiaries and/or affiliates (collectively, the "Disclosing
Party"), and the Disclosing Party’s operations, assets (including intangible
assets such as intellectual property, etc.), financial condition and/or
financial prospects, including but not limited to any background material and
information, any financial statements and financial projections (including
footnotes and assumptions related thereto), information related to existing or
contemplated product lines, product formulas, patents, patent applications,
licenses, sublicenses, and any technical data or studies related thereto,
designs, trade dress, know-how, investors, lists of distributors, volumes of
case sales and the like, which were supplied to the Undersigned or which shall
hereafter be supplied to the Undersigned, is confidential information (the
“Confidential Information”) and the property of the Disclosing Party. 

Such Confidential Information, whether written or oral, has
been supplied to the Undersigned in the strictest confidence. Accordingly, the
undersigned covenants and agrees that it will not, without prior written consent
of the Disclosing Party, either during the term of its business relationship
with the Disclosing Party or after termination of such relationship, make use of
(including, without limitation, by way of entering into or engaging in, directly
or indirectly, through legal or beneficial ownership in an entity or management
control thereof, any activity utilizing or associated with the assets of the
Disclosing Party or the Confidential Information, except pursuant to a
transaction to which the Disclosing Party is a party) or disclose such
Confidential Information for any purpose, other than to render its services to
the Disclosing Party or otherwise for the benefit of the Disclosing Party,
unless such information is (i) in or becomes part of the public domain through
no fault of the Undersigned, (ii) without the commission of any illegal act on
behalf of the Undersigned, previously known to the Undersigned, provided that
the source of the information was not bound by a confidentiality or similar
agreement with respect to such information, or (iii) required to be disclosed by
judicial process. 

4. Compensation 

In exchange for the services to be rendered hereunder pursuant
to paragraph 2 hereof by the Consultant to the Company: 

A. The Consultant shall purchase and the Company shall cause to
be issued to the Consultant 250,000 shares of the Company's' common stock
(symbol: GLTV) (the “Stock”) which shall bear a restrictive legend. The
Consultant has executed an Investment Representation Letter which is attached
hereto and made a part hereof by reference.

B. The Consultant shall act as a finder for the Company and,
subject to the terms and conditions set forth herein, anticipates that it may,
if it deems it appropriate and feasible: (1) familiarize itself with the
business, operations, management, properties, financial condition, and the
prospects of the Company; (2) present to the Company any entity or person who
may be interested in participating in the financing either as a broker-dealer or
principal; and (3) upon request from the Company, attempt to
arrange for the introduction of the Company to the prospective broker or
principal. 

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Except for performing the services described above, the parties
understand and agree that the Consultant shall not participate in a financing or
in any way participate in the negotiation or closing of any financing, or
respond to any inquiries concerning the financing, or give any advice in
connection with the financing. The Consultant does not act as a placement agent
relating to the placement of any public or private offering of securities
considered or consummated in connection with any Financing. 

5. Representations and Warranties of the Consultant 

In order to induce the Company to enter into this Agreement,
the Consultant hereby makes the following unconditional representations and
warranties: 

A. The Consultant has not taken and will not take any action
that will cause it to become required to make any filings with or to register in
any capacity with the Securities and Exchange Commission (the "SEC"), FINRA, the
securities commissioner or department of any state, or any other regulatory or
governmental body or agency. 

B. Neither the Consultant nor any of its principals is subject
to any sanction or restriction imposed by the SEC, FINRA, any state securities
commission or department, or any other regulatory or governmental body or
agency, which would prohibit, limit or curtail the Consultant's execution of
this Agreement or the performance of its obligation hereunder. 

C. Consultant's receipt of shares pursuant to this Agreement is
an investment made for its own account. The Consultant is permitted to provide
consulting services to any corporation or entity engaged in a business identical
or similar to the Company's. 

6. Duties of the Company 

A. The Company will supply Consultant, on a regular and timely
basis, with all approved data and information about the Company, its management,
its products, and its operations as reasonably requested by Consultant and which
the Company can obtain with reasonable effort; and Company shall be responsible
for advising Consultant of any material facts which would affect the accuracy of
any prior data and information previously supplied to Consultant so that the
Consultant may take corrective action. 

B. Upon the Consultant having met the requirements for resale
of the Company’s stock pursuant to Rule 144 (hereinafter defined), the
Consultant's counsel shall provide an opinion letter to the Transfer Agent for
the Company's Restricted Stock addressing the permissible resale of the
Restricted Stock (pursuant to Rule 144 of the Securities Act of 1933, as amended
(the "1933 Act")) transferred to the Consultant under this Agreement. The
Company agrees to instruct the Transfer Agent for the Company to issue
free-trading shares immediately upon receipt of the opinion. 

7. Representations and Warranties of the Company 

In order to induce the Consultant to enter into this Agreement,
the Company hereby makes the following unconditional representations and
warranties: 

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A. Company is not subject to any restriction imposed by the SEC
or by operation of the 1933 Act or the Securities Exchange Act of 1934, as
amended (the “1934 Act”). The Company has not been sanctioned by the SEC, FINRA,
or any state securities commissioner or department in connection with any
issuance of its securities. All payments required to be made on time and in
accordance with the payment terms and conditions set forth herein.

B. Company acknowledges that the Consultant does not guarantee
its ability to cause any contract or merger or acquisition with any corporate
candidate. 

8. Compliance with Securities Laws 

A. The Parties acknowledge and agree that the Company is
subject to the requirements of the 1934 Act, and that the 1933 Act, the 1934
Act, the rules and regulations promulgated there-under and the various state
securities laws (collectively, "Securities Laws") impose significant burdens and
limitations on the dissemination of certain information about the Company by the
Company and by persons acting for or on behalf of the Company.

Each of the Parties agrees to comply with all applicable
Securities Laws in carrying out its obligations under the Agreement; and without
limiting the generality of the foregoing, the Company hereby agrees (i) all
information about the Company provided to the Consultant by the Company, which
the Company expressly agrees may be disseminated to the public by the Consultant
in providing any public relations or other services pursuant to the Agreement,
shall not contain any untrue statement of a material fact or omit to state any
material fact necessary to make the statements made, in light of the
circumstances in which they were made, not misleading, (ii) the Company shall
promptly notify the Consultant if it becomes aware that it has publicly made any
untrue statement of a material fact regarding the Company or has omitted to
state any material fact necessary to make the public statements made by the
Company, in light of the circumstances in which they were made, not misleading,
and (iii) the Company shall promptly notify the Consultant of any "quiet period"
or "blackout period" or other similar period during which public statements by
or on behalf of the Company are restricted by any Securities Law.

B. Each Party (an "indemnifying party") hereby agrees, to the
full extent permitted by applicable law, to indemnify and hold harmless the
other Party (the "indemnified party") for any damages caused to the indemnified
party by the indemnifying party's breach or violation of any Securities Law,
except to the extent that the indemnifying party's breach or violation of a
Securities Law is caused by the indemnified party's breach or violation of the
Agreement, or any Securities Law. 

9. Expense Reimbursement 

Consultant shall be entitled to receive cash reimbursement, and
the Company shall provide cash reimbursement, of all reasonable and necessary
cash expenses paid by the Consultant on behalf of the Company in performance of
its own duties hereunder. Such expenses shall include, without limitation,
reasonable expenses for communications, deliveries and travel. In no event,
however, shall the Consultant incur on behalf of the Company any expense without the prior written consent of the
Company. In addition, Consultant shall provide to the Company reasonable
supporting documentation with any request for expense reimbursement.

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10. Indemnification of Consultant by the Company 

In the event the Consultant is subject to any action, claim or
proceeding resulting from the Company's gross negligence or intentional breach
of its representations, warranties or agreements made hereunder, Company agrees
to indemnify and hold harmless the Consultant from any such action, claim or
proceeding. Such indemnification shall include all fees and costs including
reasonable attorney fees which the Consultant may incur. Consultant shall have
the right to designate its own counsel for representation arising out of any
indemnification. 

11. Indemnification of the Company by the Consultant

In the event the Company is subject to any action, claim or
proceeding resulting from the Consultant's gross negligence or intentional
breach of its representations, warranties or agreements made hereunder,
Consultant agrees to indemnify and hold harmless the Company from any such
action, claim or proceeding. Such indemnification shall include all fees and
costs including reasonable attorney fees which the Company may incur. Company
shall have the right to designate its own counsel for representation arising out
of any indemnification. The Consultant hereby indemnifies the Company
specifically against all loss incurred as a result of the Consulting Agreement
between the Company and Mirador Consulting, Inc. 

12. Applicable Law 

It is the intention of the parties that this Agreement be
construed in accordance with and under and pursuant to the laws of the State of
Florida and that any action, special proceeding or other proceedings brought
arising out of, in connection with or by reason of this Agreement, shall be
brought in the courts of Palm Beach County, Florida. The Parties agree that no
party shall attempt to circumvent this choice of venue by alleging that any
portion of the Agreement is void or void-able.

13. Entire Understanding 

The Agreement contains the entire understanding of the Parties
with regard to the subject matter hereof, superseding any and all prior
agreements or understandings whether oral or written, and no further or
additional agreements, promises, representations or covenants may be inferred or
construed to exist between the Parties. 

14. No Assignment or Delegation Without Prior Approval

No portion of the Agreement or any of its provisions may be
assigned, nor obligations delegated, to any other person or party without the
prior written consent of the Parties except by operation of law or as otherwise
set forth herein. 

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15. Survival of Agreement

The Agreement and all of its terms shall inure to the benefit
  of any permitted assignees of or lawful successors to either Party; provided
  that the obligations of either Party hereunder may not be assigned without the
  prior written consent of the other Party. 

16. Independent Contractor 

Consultant agrees to perform its consulting duties hereto as an
independent contractor. Nothing contained herein shall be considered as creating
an employer-employee relationship between the parties to this Agreement. This is
not a joint venture. 

17. No Amendment Except in Writing 

Neither the Agreement nor any of its provisions may be altered
or amended except in a dated writing signed by the Parties. 

18. Waiver of Breach 

No waiver of any breach of any provision hereof shall be deemed
to constitute a continuing waiver or a waiver of any other portion of the
Agreement. 

19. Severability of the Agreement 

Except as otherwise provided herein, if any provision hereof is
deemed by arbitration or a court of competent jurisdiction to be legally
unenforceable or void, such provision shall be stricken from the Agreement and
the remainder hereof shall remain in full force and effect. 

20. Counterparts and Facsimile Signature 

This Agreement may be executed simultaneously in two or more
counterparts, each of which shall be deemed an original, but all of which taken
together shall constitute one and the same instrument. Execution and delivery of
this Agreement by exchange of facsimile copies bearing the facsimile signature
of a party hereto shall constitute a valid and binding execution and delivery of
this Agreement by such party. Such facsimile copies shall constitute enforceable
original documents. 

21. No Construction Against Drafter 

The Agreement shall be construed without regard to any
presumption requiring construction against the Party causing the drafting
hereof. 

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          IN
  WITNESS WHEREOF, the parties hereto have duly executed and delivered this
  Agreement, effective as of the date set forth above. 

MIRADOR CONSULTING LLC 

	 	       
                 /s/ Frank Benedetto 	 
	by:	 	 
	 	Frank Benedetto, Managing Member 	 

 

GREENLITE VENTURES INC. 

	 	       
               /s/ Howard Thomson 	 
	by:	  	 
	 	Howard Thomson, President 	 

- 7 -petrus1a4ex103_372012.htm

 

Exhibit 10.3

 

SALES AGENT AGREEMENT

This Sales Agent Agreement (the “Agreement”) is made as of the 6th day of March 2012 by and among Petrus Resources Corporation., a Delaware corporation (“Petrus”), Rory O’ Dare (“O’ Dare”) and Merrimac Corporate Securities, Inc. (“MCS”).

Recitals:

WHEREAS, Petrus and  O’Dare wish to retain on a non exclusive basis Merrimac to act as selling agent for Petrus and O’ Dare’s registered securities upon the effectiveness of Petrus’s registration statement originally filed with the SEC on Sept. 16, 2011; and,

WHEREAS, Merrimac wishes to serve in such capacity.  

NOW, THEREFORE, in consideration of the below described compensation, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

Section 1.  Sales Agent.  Merrimac agrees to act as non exclusive selling agent for Petrus (2,000,000 shares) and O’ Dare’s (8,000,000 shares) registered securities upon the effectiveness of Petrus’s registration statement originally filed with the SEC on  Sept. 16, 2011.   The parties agree that all of Petrus’s 2,000,000 shares must be sold before O’ Dare’s shares.

Section 2.  Compensation.  The parties agree that Merrimacs compensation shall be limited to an 7% sales commission and 3% non accountable costs per FINRA regulations.

Section 3.  Term.  The term of this Agreement shall be  450 days from the effectiveness of Petrus’s registration statement    .   

Section 4. Representations and Warranties of Petrus.  Petrus hereby represents and warrants to Merrimac that the following representations are true and complete as of the date of this Agreement.

Section 5.1 Organization, Good Standing, Corporate Power and Qualification.  Petrus is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted.  Petrus is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect.  

Section 5.2 Authorization.  All corporate action required to be taken by Petrus’s Board of Directors in order to authorize Petrus to enter into this Agreement has been taken prior to or simultaneous with the date of this Agreement.  All action on the part of the officers of Petrus necessary for the execution and delivery of the Agreement, the performance of all obligations of Petrus under the Agreement to be performed prior to or as of the date of this Agreement, have been taken prior to execution of this Agreement.  The Agreement, when executed and delivered by Petrus, shall constitute valid and legally binding obligations of Petrus, enforceable against Petrus in accordance with its terms.

Section 5.3 Governmental Consents and Filings.  No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority is required on the part of Petrus in connection with the consummation of the transaction contemplated by this Agreement other than as disclosed in this Agreement.

Section 5.4 Litigation.  There is no claim, action, suit, proceeding, arbitration, complaint, charge, or investigation pending or to Petrus’s knowledge, currently threatened  against Petrus or any officer, director, or Key Employee of Petrus that questions the validity of the Agreement or the right of Petrus to enter into the Agreement, or to consummate the transactions contemplated by the Agreement.    

  

  

  

Section 5.5  Compliance with Other Instruments.  Petrus is not in violation or default (i) of any provisions of its Articles or Bylaws, (ii) of any instrument, judgment, order, writ, or decree, or (iii) under any lease, agreement, contract, or purchase order to which it is a party or by which it is bound or of any provision of federal or state statute, rule or regulation applicable to Petrus, the violation of which would adversely affect the business.  The execution, delivery, and performance of the Transaction Agreements and the consummation of the transactions contemplated by the Transaction Agreements will not result in any such violation or be in conflict with or constitute, with or without the passage of time and giving of notice a default under any such provision, instrument, judgment, order, writ, decree, contract, or agreement.

Section 6.  Representations and Warranties of MCS.  MCS hereby represents and warrants to Petrus that:

Section 6.1 Authorization.  MCS has full power and authority to enter into the Agreement.  The Agreement to which such MCS is a party, when executed and delivered by Petrus, will constitute valid and legally binding obligations of MCS, enforceable in accordance with their terms.

Section 6.2 Indemnification and Hold Harmless.  Petrus, and its Affiliates, hereby agrees to indemnify and hold MCS, its officers, directors, employees, independent contractors and shareholders, harmless from any and all liabilities, damages, business interruptions, delays, losses, claims, judgments or any kind whatsoever, including, all costs, attorneys’ fees, and expenses incidental thereto, which may be suffered by, or charge to MCS related to the business activities of Petrus and its Affiliates.  MCS shall have the sole right to select its legal representation and other advisors for matters related to this Section 8 which shall be paid solely by Petrus.

Section 6.3 Indemnification and Hold Harmless.  MCS, and its Affiliates, hereby agrees to indemnify and hold Petrus, its officers, directors, employees, independent contractors and shareholders, harmless from any and all liabilities, damages, business interruptions, delays, losses, claims, judgments or any kind whatsoever, including, all costs, attorneys’ fees, and expenses incidental thereto, which may be suffered by, or charge to Petrus related to the business activities of MCS and its Affiliates.  Petrus shall have the sole right to select its legal representation and other advisors for matters related to this Section 9 which shall be paid solely by MCS.         

Section 7. Miscellaneous.

Section 7.1 Survival of Warranties.  Unless otherwise set forth in this Agreement, the representations and warrants of Petrus or MCS contained in or made pursuant to this Agreement shall survive the execution and delivery of this Agreement and shall in no way be affected by any investigation of the subject matter thereof made by or on behalf of any beneficiary of such representations and warranties, unless for any representation or warranty that any such beneficiary knew to be untrue.

Section 7.2 Transfer; Successors and Assigns.  The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties.  Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

Section 7.3 Governing Law.  This Agreement shall be governed by and construed in accordance with the General Corporation Law of the State of Delaware as to matters within the scope thereof, without regard to its principles of conflicts of laws.

Section 7.4 Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  This Agreement may also be executed and delivered by facsimile signature and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Section 7.5 Titles and Subtitles.  The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.

  

  

  

Section 7.6 Notices.  All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given:  (i) upon personal delivery to the party to be notified, (ii) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the next business day, (iii) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt.  All communications shall be sent to the respective parties at their address as set forth on the signature page, or to such e-mail address, facsimile number or address as subsequently modified by written notice given in accordance with this Section 10.6.  

Section 7.7 Attorney’s Fees.  If any action at law or in equity (including arbitration) is necessary to enforce or interpret the terms of any of this Agreement, the prevailing party shall be entitled to reasonable attorney’s fees, costs, and necessary disbursements in addition to any other relief to which such party may be entitled.

Section 7.8 Amendments and Waivers.  Any term of this Agreement may be amended, terminated, or waived only with the written consent of both Petrus and MCS.  

Section 7.9 Severability.  The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.

Section 7.10 Delays or Omissions.  No delay or omission to exercise any right, power, or remedy accruing to any party under this Agreement, upon any breach or default of any other party under this Agreement, shall impair any such right, power, or remedy of such non-breaching or non-defaulting party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring.  Any waiver, permit, consent, or approval of any kind or character on the part of any party of any breach or default under this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing.  All remedies, either under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative.

Section 7.11 Entire Agreement.  This Agreement constitute the full and entire understanding and agreement between the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties are expressly canceled.

The parties have executed this Sales Agent Agreement as of the date first written above.

	
Petrus Capital Corp.

	
Merrimac Securities Corp.

	  	  
	
By: /s/ Rory O’ Dare  

	
By: /s/ Merrimac Securities Corp.          

	
Rory O’ Dare, President

	  CEO, Merrimac Securities Corp.
	  	  
	
Rory O’ Dare, Individually

	  
	  	  
	
By:/s/ Rory O’ Dare               

	  
	
Rory  O’ Dare, Individually

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