Document:

Exhibit 10.1

        
        
        FIRST TRANSACTION MANAGEMENT, INC.

        381 S.E. Crystal Creek Circle

        Issaquah, WA 98027

        
        
             April 21, 2008

        
        
        PAN Consultants Ltd.

        14 Wall Street, 20th Floor

        New York, NY 10005

        
        
        Ladies and Gentlemen:

        
        
                This letter will confirm our agreement
        regarding the compensation payable to PAN Consultants Ltd., a New York corporation
        (“Consultant”), by First Transaction Management, Inc., a Delaware corporation
        (the “Company”), in consideration of the consulting services rendered by
        Consultant (as described below) as follows:

        
        
            1.       
        Consulting Services. The Company acknowledges that since February 2007,
        Consultant has assisted and provided advice to the Company in connection with its efforts
        to reinstate its certificate of incorporation in the State of Delaware, bring current its
        periodic reports that are required to be filed with the U.S. Securities and Exchange
        Commission (the “SEC”), reestablish a relationship with a transfer agent for
        the Company and related matters.

        
        
            2.       
        Consulting Fee. As full compensation for all of the services provided by
        Consultant and in consideration of the representations and warranties to be made hereunder
        by Consultant, the Company hereby agrees to issue to Consultant an aggregate of 375,000
        shares (the “Shares”) of the Company’s common stock, par value $.01 per
        share ( the “Common Stock”). Consultant understands that the Shares have not
        been registered under the Securities Act of 1933, as amended (the “Act”) and,
        therefore, the Shares may not be transferred or sold unless pursuant to an effective
        registration statement under the Act or an opinion of counsel for the Company that such
        disposition without registration is in compliance with the Act. It is understood and agreed
        that the certificate(s) evidencing the Shares will bear the customary restrictive
        legend.

        
        
            3.        Expense
        Reimbursement. If Consultant has incurred any reasonable and ordinary out of pocket
        expenses in connection with the performance of its services hereunder that heretofore have
        not been reimbursed by the Company, the Company will as soon as practicable, upon the
        signing of this letter agreement by Consultant, reimburse Consultant for such expenses
        after presentation by Consultant of proper expense statements or vouchers, or such other
        supporting receipts and documentation as the Company may reasonably
        require.

        
        
            4.       
        Representations and Warranties. Each of the parties hereto hereby represents
        and warrants to the other the following: (i) each has full power and authority to execute
        this Agreement and to perform its respective obligations hereunder; (ii) this Agreement
        constitutes a valid and binding obligation of each, enforceable in accordance with its
        terms, except as enforcement may be limited by bankruptcy or insolvency laws or by
        equitable principles; (iii) each intends to be fully bound by the terms hereof; (iv) each
        has the unfettered right to enter into and perform this Agreement on the terms and subject
        to the conditions hereof; and (v) neither the execution and delivery of this Agreement nor
        the performance of any of the respective obligations hereunder constitute or will
        constitute a violation or breach of, or a default under, any agreement, arrangement or
        understanding, or any other restriction of any kind, to which such party is a party or by
        which such party is bound. The Company further represents and warrants to Consultant that
        the issuance of the Shares has been duly authorized by all necessary corporate action and
        the Shares, when issued, will be duly issued, fully paid and non-assessable. Consultant
        further represents and warrants to the Company as follows: (i) Consultant is acquiring the
        Shares for its own account for investment and not with a view to the distribution thereof;
        (ii) Consultant is knowledgeable, sophisticated and experienced in business and financial
        matters and capable of evaluating the merits and risks of acquiring the Shares and fully
        understands the limitations on transfer described above; (iii) Consultant is able to bear
        the economic risks of acquiring the Shares, and (iv) Consultant has been afforded access to
        information about the Company and its financial condition, results of operations, business,
        property, management and prospects sufficient to enable it to evaluate the risks associated
        with the Shares.

        

        

        

        
        
            5.       
        Assignment. This letter agreement shall inure to the benefit of and shall be
        binding upon the executors, administrators, successors and legal representatives of the
        parties hereto and may not be assigned by either party hereto without the prior written
        consent of the other party hereto.

        

        
        
            6.        Governing
        Law. This letter agreement shall be governed by and construed in accordance with
        the laws of the State of Delaware, without regard to the principles of conflicts of
        law.

        

        
        
            7.       
        Enforceability. If any provision of this letter agreement is found or
        declared by a court of competent jurisdiction to be void or unenforceable, the remaining
        provisions of this letter agreement shall continue in full force and effect and the parties
        shall endeavor in good faith to modify the void or unenforceable provision to carry out the
        original intent of the parties in a legally enforceable manner.

        
     
        
            8.       
        Headings. The paragraph headings of this letter agreement are not a
        substantive part of this letter agreement and shall not limit or restrict this letter
        agreement in any way.

     
            9.       
        Piggy Back Registration Rights. (a) If, at any time, the Company undertakes
        to register any of its Common Stock or other equity securities under the Act other than a
        registration on Form S-4, S-8 or any successor form thereto, it will give prompt written
        notice (and in no event later than 30 days prior to the proposed filing of such
        registration statement with the Securities and Exchange Commission (the “SEC”)
        to Consultant of its intention to effect such registration. The Company will include in
        such registration all of the Shares with respect to which the Company has received written
        requests for inclusion within 20 days after the receipt of such notice by Consultant. The
        Company shall pay all related registration expenses other than any underwriter discounts
        relating to shares to be sold by Consultant. Notwithstanding the foregoing provisions of
        this Section 9, if the Company is advised in good faith by the managing underwriter in
        connection with any offering under this Section 9 that the number of Shares requested to be
        sold is greater than the number of shares of Common Stock which can be sold in such
        offering without materially adversely affecting such offering, the Shares to be included in
        such offering shall be reduced to the extent requested by such managing underwriter, (i)
        first, on a pro rata basis among the holders of shares of Common Stock who do not have
        contractual registration rights to be included in such registration, and (ii) second, on a
        pro rata basis among the holders of shares of Common Stock who have contractual
        registration rights; then the Company shall be obligated to include only such limited
        portion of those shares as is determined in good faith by the managing
        underwriters.

        

        
        
             
            (b)        In connection with
        and registration of Shares under the Act, the Company shall, among other things, (i) file a
        registration statement with the SEC and use its reasonable best efforts to cause the
        registration statement to become and remain effective until all of the Shares included
        therein have been sold or ninety days, whichever is shorter, (ii) as promptly as possible
        prepare and file with the SEC any amendments and supplements to any registration statement,
        including the prospectus, that are necessary to keep such registration statement effective,
        (iii) as promptly as possible, provide to Consultant copies of the prospectus, including a
        preliminary prospectus, conforming with the requirements of the Act, and all other
        documents that Consultant may reasonably request, in order to assist in the public sale or
        other disposition of the Shares so included, and (iv) as promptly as possible, use its
        commercially reasonable efforts to register or qualify the Shares covered by such
        registration statement under the securities (Blue Sky) laws of all states that require such
        registration or qualification and that Consultant requests, and complete all other
        activities and documents that may be necessary or reasonably desirable for Consultant to
        complete the public sale or other disposition of the Shares covered thereby in such
        specified states.

        

        

        

        
                 (c)       
        The obligations of the Company under this Section 9 to register Shares shall expire and
        terminate at such time as (i) Consultant shall be entitled or eligible to sell such
        securities without restriction and without a need for the filing of a registration
        statement under the Act, including without limitation, for any re-sales of restricted
        securities made pursuant to Rule 144 as promulgated by the SEC, or for a sale made pursuant
        to Rule 144 as promulgated by the SEC, or for a sale made pursuant to Section 4(1) and/or
        4(2) under the Act, or (ii) Consultant shall be entitled or eligible to sell such
        securities under a valid registration statement.

        

        
            10.       
        Counterparts. This letter agreement may be executed in counterparts, one by
        each party hereto, with the same effect as if all parties hereto had signed the same
        document. This letter agreement and any amendments hereto, to the extent signed and
        delivered by means of a facsimile machine, shall be treated in all manner and respects as
        an original agreement or instrument and shall be considered to have the same binding legal
        effect as if it were the original signed version thereof delivered in person. No party
        hereto shall raise the use of a facsimile machine to deliver a signature or the fact that
        any signature or agreement or instrument was transmitted or communicated through the use of
        a facsimile machine as a defense to the formation of a contract and each such party forever
        waives any such defense.

        

        
                Please
        confirm that the foregoing accurately reflects our agreement by signing this letter in the
        space provided below and returning a copy thereof to the Company.

        	
                	
                    Very truly
                    yours,

                    

                    FIRST TRANSACTION
                    MANAGEMENT, INC.

                
	 	 	 	 	 
	
                  	
                  	
                  	
                By: 	
                /s/ Susan Schreter 	 
                
	 	 	 	 	
                    

                	  
	 	 	 	 	Susan Schreter,
                President 	  

        Confirmed and
        Agreed:

        PAN CONSULTANTS
        LTD.

        
        By:
        /s/ Philippe Niemetz            

                Philippe Niemetz,
        President

        

        

        
        
        FIRST TRANSACTION MANAGEMENT, INC.

        381 S.E. Crystal Creek Circle

        Issaquah, WA 98027

        
        
            April 21, 2008

        
        
        PAN Consultants Ltd.

        14 Wall Street, 20th Floor

        New York, NY 10005

        
        
        Ladies and Gentlemen:

        

        
        
                Reference is made to the letter agreement
        between us dated April 21, 2008 (the “Reactivation Agreement”). All capitalized
        terms not defined herein shall have the meanings set forth in the Reactivation
        Agreement.

        
        
                You have requested that out of the Shares
        to be issued to you that we issue 25,000 of such shares (the “Peterson Shares”)
        to Brent Peterson, a consultant to you who assisted in your performance of the services
        referred to in the Reactivation Agreement. As a result, we would be obligated to issue to
        you only an aggregate of 350,000 shares of our common stock.

        
        
                We hereby agree to your request subject to
        the foregoing:

        

        
                
            1.        By his signature below
        in the space provided, Brent Peterson represents and warrants to the Company the following:
        (i) he is acquiring the Peterson Shares for his own account for investment and not with a
        view to the distribution thereof; (ii) he is knowledgeable, sophisticated and experienced
        in business and financial matters and capable of evaluating the merits and risks of
        acquiring the Peterson Shares and fully understands that the Peterson Shares have not been
        registered under the Act, may not be sold or transferred unless registered under the Act or
        an opinion of counsel to the Company to the effect that the proposed sale or transfer is
        exempt from registration under the Act and that the certificate(s) representing the
        Peterson Shares will bear the customary restrictive legend; (iii) he is able to bear the
        economic risks of acquiring the Peterson Shares, and (iv) he has been afforded access to
        information about the Company and its financial condition, results of operations, business,
        property, management and prospects sufficient to enable it to evaluate the risks associated
        with the Peterson Shares.

        

        
                
            2.        We agree that the
        provisions of Section 9 of the Reactivation Agreement shall be applicable to the Peterson
        Shares.

        
                Please
        confirm that the foregoing accurately reflects our agreement by signing this letter in the
        space provided below and returning a copy thereof to the Company.

        	
                	
                    Very truly
                    yours,

                    

                    FIRST TRANSACTION
                    MANAGEMENT, INC.

                
	 	 	 	 	 
	
                  	
                  	
                  	
                By: 	
                /s/ Susan Schreter 	 
                
	 	 	 	 	
                    

                	  
	 	 	 	 	Susan Schreter,
                President 	  

        

        

        Confirmed and
        Agreed:

        
        
        PAN CONSULTANTS LTD.

        
        By:
        /s/ Philippe
        Niemetz              

               Philippe
        Niemetz, President

        Confirmed and
        Agreed:

        
        By:
        /s/ Brent Peterson              

               Brent
        PetersonExhibit 10.2

        FIRST TRANSACTION
        MANAGEMENT, INC.

        381 SE Crystal Creek Circle

        Issaquah, WA 98027

        

        
        
             April 21, 2008

        
        
        Steven A. Saide, Esq.

        633 Hedges Lane

        Sagaponack, NY 11962

        
        
        Dear Steven:

        
        
                This letter sets forth our agreement
        regarding the compensation payable to you (“Attorney”) by First Transaction
        Management, Inc., a Delaware corporation (the “Company”), in consideration of
        the legal services rendered by Attorney (as described below) as follows:

        
        
            1.       
        Services. The Company acknowledges that since February 1, 2007, Attorney has
        assisted and provided legal advice to the Company in connection with its efforts to
        reinstate its certificate of incorporation in the State of Delaware, bring current its
        periodic reports that are required to be filed with the U.S. Securities and Exchange
        Commission (the “SEC”), reestablish a relationship with a transfer agent for
        the Company and related matters.

        
        
            2.       
        Fee. As full compensation for all services provided by Attorney through
        December 31, 2007, in connection with the subject matter hereof, and in consideration of
        the representations and warranties to be made by Attorney hereunder, the Company hereby
        agrees to issue to Attorney an aggregate of 350,000 shares of the Company’s common
        stock, par value $.01 per share (the “Shares”). Attorney understands that the
        Shares have not been registered under the Securities Act of 1933, as amended (the
        “Act”), and therefore may be transferred or sold unless pursuant to an
        effective registration statement under the Act or an opinion of counsel for the Company
        that such disposition without registration is in compliance with the Act.

        
        
            3.       
        Expense Reimbursement. If Attorney has incurred any reasonable and ordinary
        out of pocket expenses in connection with the performance of his services hereunder that
        heretofore has not been reimbursed by the Company, the Company will as soon as practicable,
        upon the signing of this letter by Attorney, reimburse Attorney for such expenses after
        presentation by Attorney of proper expense statements or vouchers, or such other supporting
        receipts and documentation as the Company may reasonably require.

        

        
        
            4.       
        Representations and Warranties. Each of the parties hereto hereby represents
        and warrants to the other the following: (i) each has full power and authority to execute
        this Agreement individually or on behalf of the entity he or she represents and to perform
        his or its obligations hereunder; (ii) this Agreement constitutes a valid and binding
        obligation of each, enforceable in accordance with its terms, except as enforcement may be
        limited by bankruptcy or insolvency laws or by equitable principles; (iii) each intends to
        be fully bound by the terms hereof; (iv) each has the unfettered right to enter into and
        perform this Agreement on the terms and subject to the conditions hereof; and (v) neither
        the execution and delivery of this Agreement nor the performance of any of the respective
        obligations hereunder constitute or will constitute a violation or breach of, or a default
        under, any agreement, arrangement or understanding, or any other restriction of any kind,
        to which such party is a party or by which such party is bound. The Company further
        represents and warrants to Attorney that the issuance of the Shares has been duly
        authorized by all necessary corporate action and the Shares, when issued in accordance with
        the terms of this letter, will be duly issued, fully paid and non-assessable. Attorney
        further represents and warrants to the Company as follows: (i) Attorney is acquiring the
        Shares for his own account for investment and not with a view to the distribution thereof;
        (ii) he is knowledgeable, sophisticated and experienced in business and financial matters
        and capable of evaluating the merits and risks of acquiring the Shares and fully
        understands the limitations on transfer described above; (iii) he is able to bear the
        economic risk of acquiring the Shares, (iv) he has been afforded access to information
        about the Company and its financial condition, results of operations, business, property,
        management and prospects sufficient to enable him to evaluate the risks associated with the
        Shares and (v) he understands that the certificate(s) representing the shares will bear the
        customary restrictive legend regarding transferability.

        
        

        

        
        
            5.       
        Assignment. This Agreement shall inure to the benefit of and shall be binding
        upon the executors, administrators, successors and legal representatives of the parties
        hereto.

        

        
        
            6.       
        Governing Law. This Agreement shall be governed by and construed in
        accordance with the laws of the State of Delaware, without regard to the principles of
        conflicts of law.

        

        
        
            7.       
        Enforceability. If any provision of this Agreement is found or declared by a
        court of competent jurisdiction to be void or unenforceable, the remaining provisions of
        this Agreement shall continue in full force and effect and the Parties shall endeavor in
        good faith to modify the void or unenforceable provision to carry out the original intent
        of the Parties in a legally enforceable manner.

        

        
        
            8.       
        Headings. The paragraph headings of this Agreement are not a substantive part
        of this Agreement and shall not limit or restrict this Agreement in any
        way.

        
        
        
            9.        Piggy
        Back Registration Rights. (a) If, at any time, the Company undertakes to register
        any of its Common Stock or other equity securities under the Act other than a registration
        on Form S-4, S-8 or any successor form thereto, it will give prompt written notice (and in
        no event later than 30 days prior to the proposed filing of such registration statement
        with the Securities and Exchange Commission (the “SEC”) to Attorney of its
        intention to effect such registration. The Company will include in such registration all of
        the Shares with respect to which the Company has received written requests for inclusion
        within 20 days after the receipt of such notice by Attorney. The Company shall pay all
        related registration expenses other than any underwriter discounts relating to shares to be
        sold by Attorney. Notwithstanding the foregoing provisions of this Section 9, if the
        Company is advised in good faith by the managing underwriter in connection with any
        offering under this Section 9 that the number of Shares requested to be sold is greater
        than the number of shares of Common Stock which can be sold in such offering without
        materially adversely affecting such offering, the Shares to be included in such offering
        shall be reduced to the extent requested by such managing underwriter, (i) first, on a pro
        rata basis among the holders of shares of Common Stock who do not have contractual
        registration rights to be included in such registration, and (ii) second, on a pro rata
        basis among the holders of shares of Common Stock who have contractual registration rights;
        then the Company shall be obligated to include only such limited portion of those shares as
        is determined in good faith by the managing underwriters.

        

        
        
        
             
            (b)        In connection with
        and registration of Shares under the Act, the Company shall, among other things, (i) file a
        registration statement with the SEC and use its reasonable best efforts to cause the
        registration statement to become and remain effective until all of the Shares included
        therein have been sold or ninety days, whichever is shorter, (ii) as promptly as possible
        prepare and file with the SEC any amendments and supplements to any registration statement,
        including the prospectus, that are necessary to keep such registration statement effective,
        (iii) as promptly as possible, provide to Attorney copies of the prospectus, including a
        preliminary prospectus, conforming with the requirements of the Act, and all other
        documents that Attorney may reasonably request, in order to assist in the public sale or
        other disposition of the Shares so included, and (iv) as promptly as possible, use its
        commercially reasonable efforts to register or qualify the Shares covered by such
        registration statement under the securities (Blue Sky) laws of all states that require such
        registration or qualification and that Attorney requests, and complete all other activities
        and documents that may be necessary or reasonably desirable for Attorney to complete the
        public sale or other disposition of the Shares covered thereby in such specified
        states.

        

        
        
        
             
            (c)        The obligations of
        the Company under this Section 9 to register Shares shall expire and terminate at such time
        as (i) Attorney shall be entitled or eligible to sell such securities without restriction
        and without a need for the filing of a registration statement under the Act, including
        without limitation, for any re-sales of restricted securities made pursuant to Rule 144 as
        promulgated by the SEC, or for a sale made pursuant to Rule 144 as promulgated by the SEC,
        or for a sale made pursuant to Section 4(1) and/or 4(2) under the Act, or (ii) Attorney
        shall be entitled or eligible to sell such securities under a valid registration
        statement.

        
        

        

        
        
        
            10.       
        Counterparts. This Agreement may be executed in counterparts, one by each
        party hereto, with the same effect as if all parties hereto had signed the same document.
        This Agreement and any amendments hereto, to the extent signed and delivered by means of a
        facsimile machine, shall be treated in all manner and respects as an original agreement or
        instrument and shall be considered to have the same binding legal effect as if it were the
        original signed version thereof delivered in person. No party hereto shall raise the use of
        a facsimile machine to deliver a signature or the fact that any signature or agreement or
        instrument was transmitted or communicated through the use of a facsimile machine as a
        defense to the formation of a contract and each such party forever waives any such
        defense.

        

        

        
        
        
                Please confirm that the foregoing
        accurately reflects our agreement by signing this letter in the space provided below and
        returning a copy thereof to the Company.

        	
                	
                    Very truly
                    yours,

                    

                    FIRST TRANSACTION
                    MANAGEMENT, INC.

                
	 	 	 	 	 
	
                  	
                  	
                  	
                By: 	
                /s/ Susan Schreter 	 
                
	 	 	 	 	
                    

                	  
	 	 	 	 	Susan Schreter,
                President 	  

        
        
        
        Confirmed and Agreed:

        
        
        /s/ Steven A.
        Saide        
 Steven A.
        Saide

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