Document:

EXHIBIT 10.31

                                  4221 POTTERS WALK      PHONE: 404.252.3710
                                  ATLANTA, GA 30342      TOLL FREE: 800.290.8935
                                                         FAX: 404.252.3660

                         FINANCIAL CONSULTING AGREEMENT

                  This agreement is made by and between LIFESTREAM TECHNOLOGIES
INC., a Nevada based corporation having its principle office at 510 Clearwater
Loop, Suite 101, Post Falls, Idaho 83854 (the "COMPANY"), and Bernard R. Schmitt
having his principle office at 4221 Potters Walk, Atlanta, Georgia 30342 (the
"CONSULTANT").

         In consideration of the mutual promise contained herein and on the
terms and conditions hereinafter set fourth, the Company and Consultant agree as
follows:

1.       PROVISION OF SERVICES:  Investor Relations Program For Lifestream
Technologies Inc. for the next four (4) months.

         (A) Consultant shall, to the extent reasonably required, develop and
coordinate a program to increase public awareness of Lifestream, including
particularly among the investment community, which program will include the
following services to be rendered by the Consultant as well as the additional
services which may be provided by third parties as provided below:

         (I) Market-Pulse.com Online Newsletter - Lifestream will be in our
newsletter profile for the next four (4) months. We will email our subscriber
base once a week for the next four (4) months. Our email subscriber base is made
up of thousands of investors, brokers and financiers interested in small and
micro-cap companies. All are targeted, affluent members of the investment
community who are seeking the information we disseminate. In addition, at any
time Lifestream releases a press release during the duration of the contract, we
will also email our subscribers with that press release.

         (II)     Profile on Market Pulse Navigator web site for the next four
(4) months, with updates weekly.

         (III)    Investment Opinion - Market Pulse may, in its sole discretion,
issue a favorable investment opinion anytime Lifestream issues a press release
that Market Pulse deems to be a significant positive event for the company.

                  Please courier an investor's package and any current press
releases to the production department: Attn: Victoria Stowers, 93 County Road
635, Chancellor, AL 36316.

         (B) Consultant shall use its best efforts in the furnishing of advice
and recommendations, and for this purpose consultant shall, at all times,
maintain or keep and make available qualified persons or a network of qualified
outside professionals for the performance of its obligations under this
agreement. To the extent reasonably practical, consultant shall use its own
personnel rather than outside professionals.

<PAGE>
Page 2

2.       COMPENSATION

(A)      The total cost for the Consultant's services is 3,000,000 restricted
         shares of stock in Lifestream Technologies Inc. as payment for the
         consulting agreement. These shares will be included with piggyback
         registration rights and will also be included in the current SB2
         registration statement. Please issue stock certificate to Bernard R.
         Schmitt, SS#: ###-##-####. Please courier stock certificate to Bernard
         R. Schmitt, 4221 Potters Walk, Atlanta, GA 30342.

(B)      Client understands and agrees that the compensation paid to consultant
         is earned by consultant upon receipt. The compensation paid to
         consultant under this agreement is solely an inducement for consultant
         to accept this engagement on Clients' behalf. Client further
         understands and agrees that the compensation paid to consultant is not
         returnable or refundable under any circumstances, including any claim
         made by client that the services contracted for were not performed or
         were not of value sufficient to warrant the compensation paid to
         consultant.

3.       LIABILITY; INDEMNIFICATION

         (A) The Client shall indemnify, hold harmless and defend Consultant and
its officers, directors, employees and agents from, against and in respect of
any loss, damage, liability, judgment, cost or expense whatsoever, including
counsel fees, suffered or incurred by it or him by reason of, or on account of,
its status or activities as a consultant to Client hereunder, except for any
loss , damage, liability, judgment, cost or expense resulting from willful
malfeasance, bad faith or gross negligence in the performance of Consultant's
duties hereunder.

         (B) Consultant shall indemnify, save harmless and defend the Client
from, against and in respect of any loss, damage, liability, judgment, cost or
expense whatsoever, including counsel fees, suffered or incurred by it or him by
reason of, or on account of, willful malfeasance, bad faith or gross negligence
in the performance of Consultant's duties hereunder.

4.      STATUS OF CONSULTANT

         Consultant shall at all times be an independent contractor of the
Client and, except as expressly provided or authorized by this Agreement, shall
have no authority to act for or represent the Client. The Client acknowledges
that the Consultant may, from time to time, subcontract the performance of
certain of its services hereunder to third parties, in which event the
Consultant shall be responsible for the timely and professional performance of
such services as if the Consultant had provided same.

5.       OTHER ACTIVITIES OF CONSULTANT

         The Client recognizes that Consultant now renders and may continue to
render management and other services to other clients, which may or may not have
policies and conduct activities similar to those of the Client. Consultant shall
be free to render such advice and other services and the Client hereby consents
thereto. Consultant shall not be required to devote its full time and attention
to the performance of its duties under this Agreement, but shall devote only so
much of its time and attention as it deems reasonable or necessary for such
purposes.

6.       TERMS

          Consulting agreement will become effective upon receipt of signed
contract and payment. If there is a delay in the client's registration statement
becoming effective, MP at its discretion may suspend services until clients
registration statement is declared effective. MP then will resume its services
whenever the SB2 registration statement becomes effective and its shares are
registered and free trading.

<PAGE>
Page 3

7.       IN GENERAL

         This agreement sets forth the entire agreement and understanding
between the parties with respect to its subject matter and supersedes all prior
discussions, agreements and understandings of any nature between them with
respect thereto. This agreement shall be governed by and construed in accordance
with the laws of the State of Georgia applicable to agreements made to be
performed entirely within such State.

IN WITNESS WHEREOF, The parties have caused this agreement to be signed by their
respective officers or representatives duly authorized on the day and year first
below written:

Lifestream Technologies Inc.

/s/ Christopher Maus                                January 11, 2005
--------------------                                ----------------
Christopher Maus                                    Date

Bernard R. Schmitt

/s/ Bernard R. Schmitt                              January 11, 2005
----------------------                              ----------------
Bernard R. Schmitt                                  Date
Chief Executive OfficerAshlin Development Corporation

Exhibit 10.1

Ashlin Development Corporation

4400 North Federal Highway, Suite 210

Boca Raton, Florida 33431

March 3, 2005

Mr. James A. Brown

Chief Executive Officer

Ashlin Development Corporation

4400 North Federal Highway, Suite 210

Boca Raton, Florida 33431

Dear James:

1.

Issuance of Shares

In consideration of your continued services to Ashlin Development Corporation (the “Company”) and in recognition of the Company’s successful emergence from reorganization, the Board of Directors of the Company has authorized the issuance to you of an additional 320,000 shares of common stock of the Company (the “Shares”) on March 3, 2005 (the “Effective Date”).  The Shares will be issued to you upon your written acknowledgement to the provisions hereof in the space provided below.  The parties agree that the fair market value of the Shares is the closing price of the Shares on March 3, 2005 (the “Shares FMV”).

2.

Purchase Option

If at any time during the Initial Term of the Employment Agreement dated November 19, 2005, between you and the Company (the “Employment Agreement”) (i) you terminate your employment with the Company for any reason, except on account of the Company’s breach of this Agreement or of the Employment Agreement, in each case which breach the Company has failed to cure after reasonable notice, or (ii) your employment with the Company is terminated by the Company with Cause (as defined in the Employment Agreement and determined in accordance with Section 2.7 of the Employment Agreement), then the Company and/or its designee(s) shall have the option (the “Purchase Option”) to purchase, and you (or your assignee, or your executor or the administrator of your estate, in the event of your death, or your legal representative in the event of your incapacity (hereinafter, collectively with you, the “Grantor”)) shall sell to the Company and/or its assignee(s), all of the Shares held by the Grantor.

The Company shall give notice in writing to the Grantor of the exercise of the Purchase Option within thirty (30) days after the date of the termination of your employment (the “Exercise Notice”).

Mr. James A. Brown

March 3, 2005

Page 2

The purchase price to be paid for the Shares purchased pursuant to the Purchase Option shall be the Shares FMV.  The purchase price shall be paid in cash.  The closing of such purchase shall take place at the Company’s principal executive offices within ten days after the delivery by the Company of the Exercise Notice.  At such closing, the Grantor shall deliver to the purchaser(s) the certificates or instruments evidencing the Shares being purchased, duly endorsed (or accompanied by duly executed stock powers) and otherwise in good form for delivery, against payment of the purchase price by check of the purchaser(s).  In the event that, notwithstanding the foregoing or the prohibitions contained in Section 3, the Grantor shall have failed to obtain the release of any pledge or other encumbrance on any Shares by the scheduled closing date, at the option of the purchaser(s) the closing shall nevertheless occur on such scheduled closing date, with the cash purchase price being reduced to the extent of, and paid to the holder of, all unpaid indebtedness for which such Shares are then pledged or encumbered.

3.

Prohibited Transfers.  

Except as provided in Section 2, the Shares shall not be transferred or otherwise conveyed, assigned, or hypothecated during the Initial Term (as defined in the Employment Agreement).  Any purported transfer in violation of this Agreement, shall be void ab initio and of no force or effect.

4.

Other Restrictions on Transfer.

Subject to Section 3, the Shares shall not be transferred or otherwise conveyed, assigned, or hypothecated before satisfaction of the conditions specified in this Section 4 and Sections 5 and 6, which conditions are intended to ensure compliance with the provisions of the securities laws.  Any purported transfer in violation of this Agreement shall be void ab initio and of no force or effect.  Other than transfers to the public pursuant to an effective registration statement or sales to the public pursuant to Rule 144 promulgated under the Securities Act of 1933 otherwise permitted hereunder, you will cause any proposed transferee of any Shares or any interest therein held by him to agree to take and hold such Shares subject to the provisions and upon the conditions specified in this Agreement

5.

Restrictive Legends.

Each certificate representing Shares issued to you shall include legends (in addition to any other legends required by laws or other agreements to which you is bound) in substantially the following form:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR PURSUANT TO THE SECURITIES LAWS OF ANY STATE OR FOREIGN JURISDICTION.  SUCH SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED, EXCEPT PURSUANT TO (I) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933; AS AMENDED, (II) RULE 144 PROMULGATED UNDER SUCH ACT, OR

Mr. James A. Brown

March 3, 2005

Page 3

(III) ANY OTHER APPLICABLE EXEMPTION FROM REGISTRATION UNDER SUCH ACT.  THIS SECURITY IS SUBJECT TO AN OPTION TO REPURCHASE AND RESTRICTIONS ON TRANSFER AND OTHER TERMS AND CONDITIONS SET FORTH IN THE AGREEMENT DATED AS OF MARCH 3, 2005, A COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY AT ITS PRINCIPAL EXECUTIVE OFFICES. 

6.

Notice of Proposed Transfers.

Prior to any transfer or attempted transfer of any Shares, the holder of such Shares shall (i) give written notice (a “Transfer Notice”) to the Company, of such holder’s intention to effect such transfer, describing the manner and circumstances of the proposed transfer, and (ii) if requested by the Company, provide to the Company an opinion reasonably satisfactory to the Company, from counsel who shall be reasonably satisfactory to the Company (or supply such other evidence reasonably satisfactory to the Company), that the proposed transfer of such Shares may be effected without registration under the Securities Act.  After receipt of the Transfer Notice and opinion (if required), the Company shall, within five days thereafter, so notify the holder of such Shares and such holder shall thereupon be entitled to transfer such Shares in accordance with the terms of the Transfer Notice.  The holder of the Shares giving the Transfer Notice shall not be entitled to transfer such Shares until receipt of the notice from the Company, under this Section 6.

7.

Termination of Certain Restrictions.

Notwithstanding the foregoing provisions of this Agreement, the restrictions imposed by Section 4 upon the transferability of the Shares and the legend requirements of Section 5 shall terminate as to any Shares (i) as to any transfer effected pursuant to an effective registration statement under the Securities Act, when and so long as the transfer of such Shares is effectively registered under the Securities Act or (ii) when the Company shall be reasonably satisfied (including, if so requested by the Company, when it shall have received an opinion of counsel reasonably satisfactory to it) that such Shares may be transferred under the Securities Act and that such legend may be removed.  Whenever the restrictions imposed by Section 4 shall terminate as to any Shares, the holder thereof shall be entitled to receive from the Company, at the Company’s expense, a new certificate representing Shares not bearing the restrictive legend set forth in Section 5.

The provisions of Sections 2 and 3 of this Agreement shall terminate upon a Change of Control (as defined in the Employment Agreement).

8.

Notices. 

Any notice required or permitted to be given under this Agreement shall be in writing, and shall be given by hand-delivery  to the addressee or by deposit in the U.S. mail, postage prepaid, certified mail, return receipt requested, as follows:

Mr. James A. Brown

March 3, 2005

Page 4

If to the Company, to:

Ashlin Development Corporation

c/o Greenberg Traurig, P.A.

777 South Flagler Drive, Suite 300 East

West Palm Beach, Florida 33401

Attention: Morris C. Brown, Esq.

Facsimile: 561-655-6222

If to you, to such address as the you may specify in writing to the Company;

or such other address as either party may specify by notice hereunder to the other.  Any notice sent in accordance with the foregoing provisions shall be deemed given on the date of receipt if personally delivered, or on the date three (3) days after being deposited in the mail, if mailed.

9.

Entire Agreement.  

This Agreement incorporates the entire agreement between the parties hereto pertaining to the subject matter hereof, and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions of the parties, whether oral or written, and there are no warranties, representations and other agreements between the parties in connection with the subject matter hereof, except as specifically set forth herein.  No amendment, supplement, modification or waiver of this Agreement shall be binding upon a party hereto unless in writing and executed by such party.

10.

Governing Law.  

The domestic internal laws of the State of Florida shall govern the validity, construction and effect of this Agreement, without regard to Florida’s conflicts of laws principles.

11.

Severability.  

Each of the provisions of this Agreement shall be independent of all other provisions, and if any provision of this Agreement is declared void or invalid by any court or other governmental agency of competent jurisdiction, each other provision of this Agreement shall remain in full force and effect and shall be construed to the extent possible as consistent with all other valid provisions in order to carry out the intent of the parties hereto.

Mr. James A. Brown

March 3, 2005

Page 5

12.

Successors and Assigns.  

This Agreement shall be binding upon and inure to the benefit of the respective heirs, executors, administrators, successors and assigns of the Company and you.  If the Company shall, at any time, be merged with or consolidated into or with any other corporation or person or if all or substantially all of the assets of the Company are transferred to another corporation or person, the provisions of this Agreement shall be binding upon and inure to the benefit of the entity resulting from such merger or consolidation or the corporation or person to which or to whom such assets shall be transferred, and this provision shall apply in the event of any subsequent mergers, consolidations or transfers of assets.  

	 	ASHLIN DEVELOPMENT CORPORATION

	 	 	 
	 	 	 
	 	By:

	/s/ TED AFLEN

	 	 	 
	 	Name:

	TED AFLEN

	 	 	 
	 	Title:

	Director

Acknowledged and agreed to this

3rd day of March, 2005:

/s/JAMES A. BROWN

James A. Brown

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}]]