Document:

ex10_5.htm

    
      

    

     

    Exhibit
      10.5

     

    
      REVOLVING
        LINE OF CREDIT

      

      
        	
                Card
                  Activation Technologies, Inc.

              	
                Amount
                  Loaned: $ 250,000

              
	
                53
                  West Jackson Blvd. Suite 1618

              	
                Interest
                  Rate:  7.0 %

              
	
                Chicago,
                  Ill 60604-3749

              	 

      

      

      FOR
        VALUE
        RECEIVED, the undersigned (“Borrower”) jointly and severally promises to pay to
        Medcom USA Incorporated (“Lender”), or order, the principle amount of
        $250,000.00, plus interest, calculated and charged on a daily basis, at a
        rate
        of 7.0 % per annum.  This note is payable upon demand. All payments on
        his note will be credited first on accrued interest and then the principle
        balance outstanding, and shall be payable in lawful money of the United States
        of America at the Lenders office or residents specified below.

      

      7975
        North Hayden Rd. Suite D-333

      Scottsdale,
        AZ  85253

      

      DEFAULT:  In
        the event of default in the payment of any amount on this Note when due,
        or in
        the event of any default under any Security Agreement executed as security
        for
        the repayment of all amounts due hereunder, at the option of the holder,
        this
        Note shall immediately be come due and payable without notice or demand on
        the
        makers, endorsers, guarantors, or any of them.  In the event of any
        such default the makers, endorsers, and guarantors hereof jointly and severely
        promise to pay on demand, in addition to all other amounts payable hereunder,
        reasonable collections costs, expenses and attorneys fees.  The
        makers, endorses, and guarantor hereof jointly and severally waive presentment
        hereof for payment, protest and notice of nonpayment and protest.

      

      SECURITY:  This
        Note      £
        IS    x IS NOT secured
        by a
£ Deed
        of
        Trust £
        Security Agreement dated today.

      

      

      

      

      /s/
        William P. Williams

      President
        and CEOex10_5.htm

    

        
          

        

         

        REVOLVING
          LINE OF CREDIT

        

        
          	
                  Card
                    Activation Technologies, Inc.

                	 	
                  Amount
                    Loaned: $ 250,000

                
	
                  53
                    West Jackson Blvd. Suite 1618

                	 	
                  Interest
                    Rate:  7.0 %

                
	
                  Chicago,
                    Ill 60604-3749

                	 	 

        

        

        FOR
          VALUE
          RECEIVED, the undersigned (“Borrower”) jointly and severally promises to pay to
          Medcom USA Incorporated (“Lender”), or order, the principle amount of
          $250,000.00, plus interest, calculated and charged on a daily basis, at
          a rate
          of 7.0 % per annum.  This note is payable upon demand. All payments on
          his note will be credited first on accrued interest and then the principle
          balance outstanding, and shall be payable in lawful money of the United
          States
          of America at the Lenders office or residents specified below.

        

        7975
          North Hayden Rd. Suite D-333

        Scottsdale,
          AZ  85253

        

        DEFAULT:  In
          the event of default in the payment of any amount on this Note when due,
          or in
          the event of any default under any Security Agreement executed as security
          for
          the repayment of all amounts due hereunder, at the option of the holder,
          this
          Note shall immediately be come due and payable without notice or demand
          on the
          makers, endorsers, guarantors, or any of them.  In the event of any
          such default the makers, endorsers, and guarantors hereof jointly and severely
          promise to pay on demand, in addition to all other amounts payable hereunder,
          reasonable collections costs, expenses and attorneys fees.  The
          makers, endorses, and guarantor hereof jointly and severally waive presentment
          hereof for payment, protest and notice of nonpayment and protest.

        

        SECURITY:  This
          Note      o
          IS    x IS NOT secured
          by a
o Deed of
          Trust
o Security
          Agreement dated today.

         

        

        /s/
          William P. Williams

        President
          and CEOexhbit10_1.htm

    WORKING
      CAPITAL LINE OF CREDIT

    

    

    

    

    
 

    December
      1, 2006

    

    

    On
      or before December 31 2008, Monarch
      Staffing, Inc. (hereinafter “MSTF"), a Nevada Corporation, promises to pay to
      Monarch Bay Management Company, LLC or their associates or controlled companies
      (hereinafter "Holder") a sum of up to $500,000 plus such other and further
      sums
      as Holder may hereafter loan or advance to or for the benefit of in accordance
      with the terms hereof, together with interest from said date on the unpaid
      principal balance hereof at the rate of ten percent (10%) or $150.00 whichever
      is greater.  Interest shall be computed at the above rate on the basis
      of the actual number of days that the principal hereunder is outstanding divided
      by 365 that shall, for the purposes of this note, be one
      year.  Interest shall be payable quarterly and if not so paid shall
      become part of the principal.

    

    The
      unpaid balance of this obligation
      at any time shall be the total amounts advanced hereunder by Holder, less the
      amount of payments made hereon by or for MSTF which balance may be endorsed
      hereon from time to time by Holder.

    

    Upon
      default, the whole sum of
      principal and interest shall become due immediately at the option of
      Holder.  Default shall include but not be limited to, the failure of
      MSTF to pay interest or principal when due; the filing as to MSTF or any person
      obligated hereon, whether as maker, co-maker, endorser or guarantor of a
      voluntary or involuntary petition under the provisions of the Federal Bankruptcy
      Act, the issuance of any attachment or execution against any material asset
      of
      MSTF, default by MSTF on any obligation concerning the borrowing of money or
      the
      deterioration of the financial condition of MSTF which results in Holder deeming
      MSTF insecure.

    

    In
      the event of default, at the option
      of Holder, interest may be charged on the amount delinquent at a rate no more
      than 3% greater than the interest rate contracted for on the principal herein,
      effective from the date that such amount(s) shall become overdue, and the day
      following any other event of default.  Such increased rate of interest
      shall continue until such delinquent amount(s) with interest thereon at the
      increased rate shall have been paid or such other event of default has been
      cured to the satisfaction of Holder.

    

    If
      this note is not paid when due, MSTF
      promises to pay all costs and expenses of collection including reasonable
      attorneys fees incurred by Holder on account of such collection, whether or
      not
      suit is filed thereon. The indebtedness evidenced hereby shall be payable in
      lawful money of the United States of America.

    

    This
      Note shall be deemed entered into
      in Orange County, California and will be governed by and interpreted in
      accordance with the substantive laws of the State of California.  The
      parties agree that any dispute arising under this Note shall be resolved in
      the
      state or federal courts within the State of California and MSTF expressly
      consents to jurisdiction therein.

    

    This
      note may be extended or renewed by
      mutual agreement of MSTF and Holder in writing for any reason and at any
      time.

    

    

    Monarch
      Staffing, Inc.

    a
      Nevada Corporation

    

    

    

    By:      ____________________________________

    David
      Walters, Director

    

    Dated:

    

    

    

    Monarch
      Bay Management Company,
      LLC

    

    

    

    By:____________________________________

    Keith
      Moore, Member

    

    Dated:Exhibit
      10.1 

     

    AGREEMENT

    

    THIS
      AGREEMENT
      is
      effective as of January 1, 2007, by and between Vero Management, L.L.C., a
      Delaware limited liability company with its principal place of business located
      at 936A Beachland Boulevard, Suite 13, Vero Beach, FL 32963 (“Vero”) and
      Wentworth IV, Inc., a corporation organized and existing under the laws of
      the
      state of Delaware, with its principal place of business located at 936A
      Beachland Boulevard, Suite 13, Vero Beach, FL 32963 (“Client”). Vero and Client
      may each be referred to as a “Party” or collectively as the
“Parties.”

    

    RECITALS

    

    WHEREAS,
      Vero is
      engaged in the business of providing managerial and administrative support
      services to public and private companies; and

    

    WHEREAS,
      Client
      desires to engage the services of Vero as described herein and Vero desires
      to
      perform such services, all in accordance with the terms and conditions herein
      set forth;

    

    NOW,
      THEREFORE,
      in
      consideration of the mutual promises and covenants set forth herein, the Parties
      hereby agree as follows:

    

    1.  Intent
      and Services

     

    It
      is the
      general nature and intent of this Agreement that Vero will provide to Client
      a
      broad range of managerial and administrative services including but not limited
      to assistance in the preparation and maintenance of its financial books and
      records, the filing of various reports with the appropriate regulatory agencies
      as are required by State and Federal rules and regulations, the administration
      of matters relating to Client’s shareholders including responding to various
      information requests from shareholders as well as the preparation and
      distribution to shareholders of relevant Client materials, and the providing
      of
      office space, corporate identity, telephone and fax services, mailing, postage
      and courier services (“Services”). This Agreement shall be liberally construed
      in order to insure that Vero provides to Client those Services necessary for
      Client to efficiently manage its business operations, efficiently respond to
      its
      shareholders and timely comply with its regulatory reporting requirements.
      The
      parties hereto specifically acknowledge and agree that Vero will not provide
      any
      legal, auditing, accounting, investment banking or capital formation services
      to
      Client.

    

    2.  Term

    

    This
      Agreement shall be in effect for a term of one (1) year commencing on the date
      hereof; provided that either party may terminate this Agreement upon written
      notice to the other party at any time. At the end of the initial term, this
      Agreement shall remain in effect until terminated in writing by either party.
      All duties for payment of compensation owed to Vero and those duties that
      generally survive termination shall survive the termination of this
      agreement.

    

    3.  Compensation

    

    In
      consideration of the services provides hereunder, Vero shall be entitled to
      the
      following compensation: 

    

    
      	a)  	
              Client
                shall pay Vero a fee equal to $1,000 per month for each month, or
                any part
                thereof, that the Services hereunder are provided. The Parties
                specifically agree that in no event will the monthly fees be prorated
                either due to the initiation of Services following the first day
                of a
                particular month or the termination of Services prior to month’s
                end;

            

    

    

    
      	b)  	
              Client
                shall reimburse Vero for any out-pocket expenses incurred by Vero
                in
                connection with its Services hereunder (including, without limitation,
                expenses of consultants and advisors engaged by Vero to perform all
                or any
                part of the Services hereunder, provided such expenses are approved
                by
                Client in advance). 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Vero
      shall bill Client for the Services four times per year, on the last day of
      each
      calendar quarter and payment shall be due within seven (7) business days
      thereafter.

    

    4.  Independent
      Contractor

    

    Vero
      shall be, and is deemed to be, an independent contractor in the performance
      of
      its duties hereunder. Vero shall have no power to enter into any agreement
      on
      behalf of or otherwise bind Client without the express prior written consent
      of
      Client. Vero shall be free to pursue, conduct, carry on and provide for its
      own
      account (or for the account of others) similar Services to other clients.

    

    5.  Indemnification

    

    Client
      agrees to indemnify and hold Vero and its officers, directors, shareholders,
      managers, members, agents, advisors, consultants and employees (“Indemnified
      Parties”) harmless from any and all losses, expenses, claims, damages or
      liabilities (including reasonable attorneys’ fees) incurred by any Indemnified
      Party arising out of or related to the performance of Vero's duties under this
      Agreement, and Client shall, at the option of Vero, reimburse Vero or pay
      directly for any and all legal or other expenses incurred in connection with
      the
      investigation or defense of any action or claim in connection therewith.
      Notwithstanding the aforesaid, Client shall not be liable for any loss, claim,
      damage or liability that is found (as set forth in a final judgment by a court
      of competent jurisdiction) to have resulted in a material part from any act
      by
      Vero which constitutes fraud or gross negligence by Vero.

    

    6. Confidentiality

    

    Vero
      agrees that any information provided to it by Client of a confidential nature
      will not be revealed or disclosed to any person or entity, except in the
      performance of this Agreement. Upon the termination of this Agreement and
      following receipt of a written request from Client, all documentation provided
      by Client to Vero will be returned to it or destroyed.

    

    7. Notices

    

    All
      notices hereunder shall be in writing addressed to the Party at the address
      herein set forth, or at such other address as to which notice: pursuant to
      this
      section may be given, and shall be given by personal delivery, by certified
      mail
      (return receipt requested), Express Mail or by national overnight courier.
      Notices will be deemed given upon the earlier of actual receipt or three (3)
      business days
      after being mailed or delivered to such courier service.

    

    Notices
      shall be addressed as follows:

    

      
        	
                If
                  to Vero:

              	
                Vero
                  Management, L.L.C.

              
	 	
                936A
                  Beachland Boulevard, Suite 13

              
	 	
                Vero
                  Beach, FL 32963

              
	 	
                Attn:
                  Kevin R. Keating, Manager

              
	 	 
	
                If
                  to Client:

              	
                Wentworth
                  IV, Inc.

              
	 	
                936A
                  Beachland Boulevard, Suite 13

              
	 	
                Vero
                  Beach, FL 32963

              
	 	
                Attn:
                  Kevin R. Keating, President

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Any
      notices to be given hereunder will be effective if executed by and sent by
      the
      attorneys for the Parties giving such notice, and in connection therewith the
      Parties and their respective counsel agree that, in giving such notice, such
      counsel may communicate directly in writing, with such Parties to the extent
      necessary to give such notice.

    

    8. Representations
      and Warranties of Client

    

    Client
      represents and warrants that:

    

    
      	a)  	
              Client
                will cooperate fully and timely with Vero to enable Vero to perform
                the
                Services that may be rendered
                hereunder;

            

    

    

    
      	b)  	
              Client
                has full power and authority to enter into this
                Agreement;

            

    

    

    
      	c)  	
              The
                performance by Client of this Agreement will not violate any applicable
                court decree, law or regulation, nor will it violate any provision(s)
                of
                the organizational or corporate governance documents of Client or
                any
                contractual obligation by which Client may be bound;
                and

            

    

    

    
      	d)  	
              All
                information supplied to Vero by Client, shall be true and accurate
                and
                complete in all material respects, to the best of Client's
                knowledge.

            

    

    

    9. Representations
      and Warranties of Vero

    

    Vero
      represents and warrants that:

    

    
      	a)  	
              It
                has full power and authority to enter this
                Agreement;

            

    

    

    
      	b)  	
              It
                has the requisite skill and experience to perform the Services and
                to
                carry out and fulfill its duties and obligations hereunder;
                and

            

    

    

    
      	c)  	
              It
                will use its best efforts to complete all Services in a timely and
                professional manner.

            

    

    

    10. Governing
      Law, Dispute Resolution, and Jurisdiction

    

    This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Florida, without giving effect to the conflicts of laws principles
      thereof. All disputes, controversies or claims (“Disputes”) arising out of or
      relating to this Agreement shall in the first instance be the subject of a
      meeting between a representative of each Party who has decision-making authority
      with respect to the matter in question. Should the meeting either not take
      place
      or not result in a resolution of the Dispute within twenty (20) business days
      following notice of the Dispute to the other Party, then the Dispute shall
      be
      resolved in a binding arbitration proceeding to be held in Orlando, Florida,
      in
      accordance with the international rules of the American Arbitration Association.
      The Parties agree that a panel of one arbitrator shall be required. Any award
      of
      the arbitrator shall be deemed confidential information for a minimum period
      of
      five years. The arbitrator may award attorneys’ fees and other arbitration
      related expense, as well as pre- and post-judgment interest on any award of
      damages, to the prevailing Party, in their sole discretion.

    

    11. Miscellaneous

    

    
      	a)  	
              No
                Waiver.
                No provision of this Agreement maybe waived except by agreement in
                writing
                signed by the waiving Party. A waiver of any term or provision of
                this
                Agreement shall not be construed as a waiver of any other term or
                provision.

            

    

    

    
      	b)  	
              Non-assignability.
                This Agreement is not assignable without the written consent of the
                other
                Party.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	c)  	
              Multiple
                Counterparts. This
                Agreement may be executed in multiple counterparts, each of which
                shall be
                deemed an original. It shall not be necessary that each Party executes
                each counterpart, or that any one counterpart be executed by more
                than one
                Party so long as each Party executes at least one
                counterpart.

            

    

    

    
      	d)  	
              Severability.
                If any provision of this Agreement is declared by any court of competent
                jurisdiction to be invalid for any reason, such invalidity shall
                not
                affect the remaining provisions of this
                Agreement.

            

    

    

    
      	e)  	
              Construction.
                No provision of this Agreement shall be construed against any Party
                by
                virtue of the fact that that this Agreement was primarily prepared
                by such
                Party.

            

    

    

    
      	f)  	
              Headings.
                The section and paragraph heading shall not be deemed a part of this
                Agreement.

            

    

     

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

     

    
      	
              VERO
                MANAGEMENT, L.L.C.  

            	 	 	WENTWORTH IV,
              INC.
	 	 	 	 
	 	 	 	 
	By:
/s/
              Kevin R. Keating 	 	 	
               By:
                /s/
                Kevin R. Keating

            
	
              
Kevin
              R. Keating, Manager	 	 	
              
Kevin
              R. Keating,
              President

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