Document:

Exhibit 10.3

                              CONSULTING AGREEMENT

This Agreement (Agreement) is made and entered into this 1st day of June 2003
between SECURED DATA INC., a Nevada corporation with its principal place of
business located in Camarillo, CA ("the COMPANY") and Larry Davis ("the
CONSULTANT").

In consideration of and for the mutual promises and covenants contained herein,
and for other valuable consideration, the receipt of which is hereby
acknowledged, the parties agree as follows:

1. PURPOSE. The COMPANY hereby retains the CONSULTANT on an exclusive basis
during the term specified to render consulting advice to the COMPANY as the
COMPANY may reasonable request relating to strategic planning matters upon the
terms and conditions set forth herein.

2. TERM AND COMPENSATION. This Agreement shall be for a period of one (1) year
commencing on the date first written above ("the Engagement Period. The COMPANY
agrees to remit to the CONSULTANT as compensation for said services two thousand
$(2,000.00) on a monthly basis or 2,400,000 common shares of the COMPANY payable
in advance upon election of Employee within 60 days from the date of the
execution of this Agreement.

3. The CONSULTANT shall also be granted an Option to purchase 100,000 shares of
the common stock of the COMPANY (restricted pursuant to Rule 144) at a strike
price of $0.10 per share. The right to exercise said option shall commence six
(6) months from the date hereof and expire one (1) year from the date hereof or
upon the cancellation of this Agreement.

4. DUTIES OF CONSULTANT. During the term of this Agreement, the CONSULTANT will
provide the COMPANY with such regular and customary strategic planning advice as
is reasonable requested by the COMPANY, provided that the CONSULTANT shall not
be required to undertake duties not reasonable within the scope of the
consulting advisory services contemplated by this Agreement. It is understood
and acknowledged by the parties that the value of the CONSULTANT's advice is not
measurable in any quantitative manner, and that the CONSULTANT shall not be
obligated to spend any specific amount of time doing so.

5. RELATIONSHIPS WITH OTHERS. The COMPANY acknowledges that the CONSULTANT or
its affiliates is in the business of providing, among other things, consulting
advice (of all types contemplated by this agreement) to others. Nothing herein
contained shall be construed to limit or restrict the CONSULTANT in conducting
such business with respect to others, or in rendering such advise to others. In
connection with the rendering of services hereunder, CONSULTANT has been or will
be furnished with confidential information concerning the COMPANY including, but
not limited to, financial statements and information, cost and expense data,
production data, trade secrets, marketing and customer data, and such other
information not generally obtained from public or published information or trade
sources. Such information shall be deemed "Confidential Material" and, except as
specifically provided herein shall not be disclosed by CONSULTANT or its
employees or agents without the prior written consent of the COMPANY. In the
event CONSULTANT is required by applicable law or legal process to disclose any
of the Confidential Material, it is agreed that CONSULTANT will deliver to the
COMPANY immediate notice of such requirement prior to disclosure of same to
permit the COMPANY to seek an appropriate protective order and/or waive
compliance with this provision. If, in the absence of a protective order or
receipt of written waiver, CONSULTANT is nonetheless, in the reasonable written

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opinion of CONSULTANT's counsel, compelled to disclose any Confidential
Material, CONSULTANT may do so without liability hereunder provided that notice
of such prospective disclosure is delivered to the COMPANY at least five (5)
days prior to actual disclosure. Following the termination of this Agreement,
CONSULTANT shall deliver to the COMPANY all Confidential Material. Neither party
hereto will issue any public announcement. concerning this Agreement without the
approval of the other party provided however that nothing shall prevent the
COMPANY from fulfilling its obligations to disclose the contents of this
Agreement with the U.S. Securities & Exchange Commission (the "SEC).

6. CONSULTANT'S LIABILITY. The CONSULTANT agrees to defend, indemnify, and hold
the Company, its officers, directors, employees, advisors, attorneys and agents,
harmless from and shall indemnify the foregoing persons and entities against any
and all costs, expenses and liability (including reasonable attorney's fees paid
in connection with the investigation, and/or defense of said entities or
persons)which may in any way result from a breach of any representation,
warranty or covenant made by the CONSULTANT or from any services rendered by the
CONSULTANT pursuant to or in any connection with this Agreement.

7. EXPENSES. The COMPANY, upon receipt of appropriate supporting documentation,
shall reimburse the CONSULTANT for any and all reasonable and actual
out-of-pocket expenses incurred in connection with services provided to the
COMPANY, subject in each case to prior written approval of the COMPANY.

8. LIMITATION UPON THE USE OF ADVICE AND SERVICES. No person or entity, other
than the COMPANY or any of its subsidiaries or directors or officers of each of
the foregoing, shall be entitled to make use of or rely upon the advice of the
CONSULTANT to be given hereunder. It is clearly understood that the CONSULTANT,
for services rendered under this Agreement, makes no commitment whatsoever as to
recommend or advise its clients to purchase the securities of the COMPANY.

9. SEVERABILITY. Every provision of this Agreement is intended to be severable.
If any term or provision hereof is deemed unlawful or invalid for any reason
whatsoever, such unlawfulness or invalidity shall not affect the validity of
this Agreement.

10. TERMINATION. This Agreement may be terminated with a thirty (30) day notice
by either party.

11. MISCELLANEOUS.

(a) Any notice or other communication between parties hereto shall be
sufficiently given if sent by certified or registered mail, postage prepaid, or
faxed and confirmed if to the COMPANY, addressed to it at Secured Data Inc. 409
Calle San Pablo Suite 100-101 Camarillo, CA 93010. and to the Consultant
addressed to it at 409 Calle San Pablo Suite 100-101 Camarillo, CA 93010.. Such
notice or other communication shall be deemed to be given on the date of
receipt.

(b) If the CONSULTANT shall cease to do business, the provisions hereof relating
to duties of the CONSULTANT and all compensation to be paid by the COMPANY as it
applies to the CONSULTANT shall thereupon terminate and cease to be in effect.

(c) This Agreement embodies the entire agreement and understanding between the
COMPANY and the CONSULTANT and supersedes any and all negotiations, prior
discussions and preliminary and prior agreements and understandings related to
the central subject matter hereof.

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(d) This Agreement has been duly authorized, executed and delivered by and on
behalf of the COMPANY and the CONSULTANT.

(e) The validity, interpretation, and construction of this. Agreement will be
governed by the laws of the State of Nevada applicable to the contract entered
into and performed entirely with said state without regard to the principles of
conflict of laws. Any dispute or controversy between the parties arising in
connection with this Agreement or the subject matter contemplated by this
Agreement shall be resolved by arbitration before a three-member panel of the
American Arbitration Association in accordance with the commercial arbitration
rules of said forum and the Federal Arbitration Act 9 U.S.C. I et seq., with the
resulting award being final and conclusive. Said arbitrators shall be empowered
to award all forms of relief and damages claimed, including but not limited to,
attorney's fees, expenses of litigation and arbitration, exemplary damages, and
prejudgment interest. The parties further agree that any arbitration action
between them shall he heard in Camarillo, California. Notwithstanding anything
contained herein to the contrary, nothing contained herein shall prevent either
party from initiating a civil action for temporary or permanent injunctive and
other equitable relief against the other for breach of this Agreement.

(f) There is no relationship or partnership, agency, employment, franchise or
joint venture between the parties. Neither party has the authority to bind the
other or incur any obligation on its behalf.

(g) This Agreement and the rights hereunder may not. be assigned by
either party without mutual written permission (except by operation of law or
merger) and. shall be upon and inure to the benefit of the parties and their
respective successors, assigns and legal representatives.

(h) CONSULTANT is not a party to any proceeding or action that would prevent it
from performing services pursuant to this Agreement.

(i) Sections 4 and 5 shall survive the expiration or termination of this
Agreement.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date hereof.

SECURED DATA INC.

By___________________________
  Art Malone Jr., President

LARRY DAVIS

By___________________________
  Larry Davis

                                       3Exhibit 10.1

                       Consultant Compensation Agreement

                                                                  [LOGO OMITTED]

M&A Advisor Agreement - 9/02/03

                            MERGER AND ACQUISITION ADVISOR AGREEMENT

                    Investment Banking Evaluation  Agreement dated as of the 2nd
                    day of September  2003, by and between Dan Rubin  ("RUBIN"),
                    with an address at 10940 Wilshire Boulevard, 16th Floor, Los
                    Angeles,  California  90024 and Interactive  Motorsports and
                    Entertainment Corp. (Stock Symbol: IMTS) the "Company", with
                    a  principal  place of  business  at 5624 West 73rd  Street,
                    Indianapolis, Indiana 46278.

                                      W I T N E S S E T H:
                                      - - - - - - - - - -

New York Office
"The Chrysler       WHEREAS,  the  Company  desires  that  RUBIN  engage  in due
  Building"         diligence  of  the   Company,   subject  to  the  terms  and
405 Lexington       conditions herein. RUBIN will furnish to Company a four page
  Ave.              internal  analysis  "evaluation  report" (upon completion of
50th Floor          due  diligence)  which  will  include a  detailed  financial
New York            analysis of the  Company.  The  evaluation  report will also
New York            provide a description of the company and industry, including
10174               comparables.  The  evaluation  report will be completed  and
212.599.3483        delivered   directly  to  Bill   Donaldson  of   Interactive
212.599.3484 fax    Motorsports  and Entertainment  Corp.  thirty (30) days
                    from date  contract is executed by RUBIN.

Lake Helen Office   WHEREAS,  RUBIN  will be  introducing  the  Company to other
186 Industrial      corporate  entities  ("Candidates"),  for the purpose of the
  Center Dr.        Company  possibly  effecting  an  acquisition  of  or  other
Lake Helen          business  combination  ("Transaction")  with the  Candidate,
Florida             subject to the satisfaction of certain conditions, including
32744               the  satisfactory  completion of a due  diligence  review of
                    anything the Company considers in its sole discretion, to be
888.644.3458 toll   reasonably necessary to review in order to make its decision
  free              to consummate the Transaction,  including but not limited to
386.228.0228        the Candidate's books, records, financial statements, assets
386-228.0276 fax    and operations.

                    WHEREAS, RUBIN will be advising the Company and acting as an
Los Angeles Office  Intermediary   to  conduct  a   transaction   or  series  of
"The Tower"         transactions "Debt Financing(s)" where capital in the amount
10940 Wilshire      of three hundred thousand dollars ($300,000) to five hundred
  Boulevard         thousand  dollars  ($500,000) is raised via any type of bank
16th Floor          debt  financing,  including  but not limited to,  letters of
Los Angeles         credit,   standby  letters  of  credit,  other  third  party
California          guarantees,  or  other  senior  or  subordinated  bank  debt
90024               financing  products.  It is understood  that an extension of
                    credit to the  Company  will be secured by the Assets of the
310.407.0100        Company.
310.407.0150

<PAGE>

M&A Advisor Agreement - 9/02/03

                    NOW, THEREFORE, the parties hereto agree as follows:

                    1. Due Diligence. RUBIN shall engage in due diligence of the
                    Company,  as it deems  appropriate.  In order  for  RUBIN to
                    conduct a thorough  financial  analysis of the company,  the
                    Company  shall  provide  RUBIN with  financial  information,
                    including   public   filings   and   historical    financial
                    statements,   corporate  business  plans,  sales  contracts,
                    customer  acquisitions  or lists and  letters  of intent for
                    other business  activities.  To analyze both the current and
                    historical  trading  activities  of the Company,  RUBIN will
                    need  to  review  Depository  Trust  Company  (DTC)  Sheets,
                    Shareholder  Lists,  Names of Beneficial Owners (NOBO) lists
                    and such other information reasonably requested by RUBIN.

                    2. Term.  This  Agreement  shall be for the period of twelve
                    (12)  months  from the date  contract  is  executed  by both
                    parties.

                    3. Compensation. As compensation to RUBIN for performing due
                    diligence,  Merger and Acquisition Advisory and Intermediary
                    services for a "debt financing",  the Company shall grant to
                    RUBIN five million  options  (5,000,000) to purchase  common
                    stock of Interactive  Motorsports  and  Entertainment  Corp.
                    (Stock  Symbol:  IMTS) at $.10 per share  (bid  price at the
                    close of Friday  8-29-2003 was $.11).  The Company agrees to
                    use its best efforts to register the shares  underlying this
                    option  on a  Form  S-8  Registration  statement  by  Friday
                    9-05-2003.  The option will have an  expiration  date thirty
                    (30) trading days from the date Form S-8 is filed.

                    4.   Independent   Contractors.   RUBIN  is  an  independent
                    contractor  and not an agent,  servant  or  employee  of the
                    Company. RUBIN shall have no authority to bind the Company.

                    5.  Confidentiality.  RUBIN  agrees  that it will not at any
                    time  during  the  term of this  Agreement  and at any  time
                    thereafter,   disclose   any   confidential   knowledge   or
                    information  regarding the Company to any persons  unless it
                    receives  the  written   consent  of  the  Company  to  such
                    disclosure or the  information  ceases to be confidential by
                    reason of (i) its public disclosure by the Company, (ii) its
                    becoming generally and publicly known, or (iii) its becoming
                    known to RUBIN through a third party who is not bound by any
                    Confidentiality Agreement.

                    6.  Non-Disclosure.  No person  or  entity,  other  than the
                    Company,  shall be  entitled to make use of or rely upon the
                    advice,  services or materials rendered or prepared by RUBIN
                    hereunder  and the Company  shall not directly or indirectly
                    disseminate,  distribute  or otherwise  make  available  any
                    advice,  services or  materials  prepared  by RUBIN  without
                    prior RUBIN consent.

<PAGE>

M&A Advisor Agreement - 9/02/03

                    7. No  Liability  and  Indemnification.  With  regard to the
                    services to be performed  by RUBIN  pursuant to the terms of
                    this agreement, RUBIN shall not be liable to the Company, or
                    anyone who may claim any right due to any relationship  with
                    the Company, for any acts, omissions,  in the performance of
                    services  on the part of RUBIN or on the part of the agents,
                    or employees  of RUBIN,  except when said acts,  errors,  or
                    omissions  of RUBIN are due to willful  misconduct  or gross
                    negligence.  The Company  shall hold RUBIN free and harmless
                    from any obligations,  costs, claims, judgments,  attorney's
                    fees,  and  attachments  arising  from or growing out of the
                    services  rendered to the  Company  pursuant to the terms of
                    this  agreement or in any way  connected  with  rendering of
                    services,  except  when  the  same  shall  arise  due to the
                    willful  misconduct or gross  negligence of RUBIN, and RUBIN
                    is  adjudged  to be guilty of  willful  misconduct  or gross
                    negligence  by a court of  competent  jurisdiction.  In such
                    event,  no action shall be  entertained by said court or any
                    court of competent  jurisdiction  if filed more than one (1)
                    year  subsequent  to the  date  of the  cause(s)  of  action
                    actually   accrued   regardless  of  whether   damages  were
                    otherwise as of said time calculable.

                    In the absence of gross  negligence,  neither  RUBIN nor any
                    associate,  officer,  employee,   affiliate,   director,  or
                    stockholder  of RUBIN shall be subject to any  liability  to
                    the  Company  or  to  any  officer,  employee,  director  or
                    stockholder  of the Company,  for any act or omission in the
                    course  of,  or  in  connection  with,  or  for  any  error,
                    inaccuracy,  or omission,  material or otherwise,  which may
                    appear in any review document or other information furnished
                    to or on behalf of the Company.

                    If  for  any  reason  the   foregoing   indemnification   is
                    unavailable  to RUBIN or  insufficient  to hold it harmless,
                    then the  Company  shall  contribute  to the amount  paid or
                    payable by RUBIN as a result of such loss, claim, damage, or
                    liability in such  proportion as is  appropriate  to reflect
                    not only the relative benefits received by the Company,  its
                    shareholders and/or its affiliates on the one hand and RUBIN
                    on the other but also the relative  fault of the Company and
                    RUBIN, as well as any relevant equitable considerations.
<PAGE>
M&A Advisor Agreement - 9/02/03

                    8.   Miscellaneous.   This  Agreement  embodies  the  entire
                    agreement  and  understanding  of  the  parties  hereto  and
                    supercedes all prior agreements and understandings,  written
                    or oral,  relating to the subject matter hereof, and may not
                    be  modified  or amended  or any of its terms or  provisions
                    waived or discharged, except in writing, signed by the party
                    against  whom  such  modification,  waiver or  discharge  is
                    sought to be enforced.

                    This Agreement is not  assignable  without the prior written
                    consent  of  the  other  party.  The  obligations  of  RUBIN
                    hereunder are intended solely for the benefit of the Company
                    and RUBIN shall not have any  obligations  hereunder  to any
                    parties other than the Company.

                    Each of RUBIN and the Company represents that this Agreement
                    has in all  respects  been  duly  authorized,  executed  and
                    delivered by and on behalf of itself.  The  covenants of the
                    Company  contained in the paragraphs  under the headings "No
                    Liability and Indemnification"  and  "Non-Disclosure"  shall
                    survive expiration of the term. During the term, RUBIN shall
                    be free to consult and conduct business for and with others,
                    including  competitors  of  the  Company  and to  engage  in
                    activities similar to those  contemplated  hereunder whether
                    for its own account or for the account of others. All rights
                    and obligations in connection herewith shall be interpreted,
                    construed  and enforced in  accordance  with and governed by
                    the applicable  laws of the State of  California.  RUBIN and
                    the Company  consent to the  jurisdiction of the Federal and
                    State courts located in Los Angeles, CA for the commencement
                    of any action arising out of this Agreement.
<PAGE>
M&A Advisor Agreement - 9/02/03

                    IN WITNESS  WHEREOF,  the  undersigned  have  executed  this
                    Agreement as of the day and date first above written.

                                 By:
                                      ---------------------------------------
                                 Dan Rubin

                                 Interactive Motorsports and Entertainment Corp.

                                 By:
                                      ---------------------------------------
                                 William R. Donaldson
                                 Chief Executive Officer

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