Document:

EXHIBIT 10.2

 

CONSULTING AGREEMENT

 

This CONSULTING AGREEMENT
(this "Agreement") is made and entered into as of the 8th day of December, 2014 (the "Effective Date"),
by and between Cloud Security Corporation, a Nevada corporation (the "Company"), on the one hand, and Safa Movassaghi
("Consultant") (collectively, the “Parties”) on the other hand.

 

R E C I T A L S

 

A.          WHEREAS, the
Company desires to have Consultant provide certain software development consulting services, as described in Schedule “A”
of this Agreement, pursuant to the terms and conditions of this Agreement.

 

B.          WHEREAS, Consultant
desires to perform, and the Company is willing to have Consultant perform, such services as an independent contractor to the Company.

 

NOW, THEREFORE,
in consideration of the mutual promises herein contained, the parties hereto hereby agree as follows:

 

AGREEMENT

 

1.          SERVICES. Consultant
agrees to serve in the capacity of an independent contractor and shall provide software development services to the Company as
set forth in Schedule “A” attached hereto and incorporated by reference herein (“Services”). The
Company acknowledges that Consultant will limit its role under this Agreement to that of a consultant. Consultant hereby agrees
to utilize its best efforts in performing the Consulting Services.

 

2.          TERM. The term
of this Agreement shall commence as of the Effective Date and shall thereafter continue for six (6) months. It is understood that
either party may terminate this Agreement upon no less than fifteen (15) days written notice unless terminated earlier in accordance
with its terms.

 

3.          CONSIDERATION.

 

3.1          COMPENSATION. As compensation
for the performance of the Services, the Company shall pay Consultant $81,000 as settlement of claims for accrued back pay owed
by Company to Consultant.

 

3.2          RELEASE. In connection
with this agreement, Consultant agrees to release, acquit and discharge the Company and its partners, associates, predecessors,
subsidiaries, successors, assigns, heirs, employees, agents, officers, directors, past and present, and attorneys, past and present,
from any and all claims, fees, penalties, demands, sums of money, actions, rights, debts, suits, expenses, attorneys’ fees
and costs, investigation fees and costs, damages and liabilities of any nature, type and description, known or unknown which were
or might have been made, pertaining to, or arising out of any wage, salary or back pay claims.

 

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3.3          CIVIL CODE SECTION
1542 WAIVER. CONSULTANT ACKNOWLEDGES THAT THEY HAVE BEEN ADVISED BY INDEPENDENT LEGAL COUNSEL AND IS FAMILIAR WITH THE PROVISION
OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES AS FOLLOWS:

 

A general
release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the
release which, if known by him, must have materially affected his settlement with the debtor.

 

CONSULTANT EXPRESSLY WAIVES
AND RELINQUISHES ANY AND ALL RIGHTS OR BENEFITS THEY MAY HAVE UNDER, OR WHICH MAY BE CONFERRED UPON THEM BY THE PROVISIONS OF CALIFORNIA
CIVIL CODE SECTION 1542, AND DOES SO TO THE FULLEST EXTENT POSSIBLE UNDER THE LAW.

 

4.          EXPENSES. The
Company shall reimburse Consultant for any reasonable expenses incurred by Consultant in performing the Services subject to Consultant
providing receipts or other documentation that evidences such expenses.

 

5.          TERMINATION.
Either party hereto shall have the right to terminate this Agreement in the event of a breach by the other party if such breach
continues uncured for a period of five (5) days after the breaching party is given written notice thereof by the non-breaching
party. Notwithstanding the foregoing sentence, the Company may immediately terminate this Agreement upon notice to Consultant
if Consultant breaches any provision of Section 7 below. The election by the Company to terminate this Agreement shall not be
deemed an election of remedies, and all other remedies provided by this Agreement or available at law or in equity shall survive
any such termination.

 

6.          RELATIONSHIP OF PARTIES.

 

6.1          INDEPENDENT CONTRACTOR.
Consultant is an independent contractor and is not an agent, partner or employee of the Company. Consultant shall perform the Services
under the general direction of the Company, but Consultant shall determine, in Consultant's sole and exclusive discretion, the
manner and means by which the Services are accomplished, subject to the requirement that Consultant shall at all times comply with
applicable law.

 

6.2          EMPLOYMENT TAXES AND
CONTRIBUTIONS. Consultant shall report as income all compensation received by Consultant under this Agreement. The Company shall
not withhold any federal, state or local taxes or make any contributions on behalf of Consultant relating to the compensation received
by Consultant under this Agreement.

 

6.3          NO BENEFITS. Because
Consultant is engaged as an independent contractor and not as an employee of the Company, the Company shall not provide Consultant
with any form or type of benefits, including, but not limited to, health, life or disability insurance.

 

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7.          CONFIDENTIAL INFORMATION.

 

7.1          "CONFIDENTIAL
INFORMATION". For purposes of this Agreement, the term "Confidential Information" shall include, but not be limited
to (i) information concerning the operation, business and finances of the Company and the Company's affiliates, (ii) the identity
of customers and suppliers of the Company and the Company's affiliates, (iii) techniques and processes known or used by the Company
and the Company's affiliates, and (iv) other information and trade secrets which are of great value to the Company and the Company's
affiliates, which information and trade secrets are generally not known other than by the Company and the Company's affiliates.

 

7.2          MAINTENANCE OF CONFIDENTIALITY.
Consultant acknowledges that maintaining the confidentiality of all Confidential Information is critically important to the Company
and that Consultant has a fiduciary duty to maintain the confidentiality of the Confidential Information. In addition, Consultant
understands that his agreement to maintain the confidentiality of all Confidential Information is a material inducement to the
Company in executing this Agreement.

 

7.3          NO USE OR DISCLOSURE.
Without the Company's prior written consent in each instance, Consultant agrees not to use or disclose, directly or indirectly,
any Confidential Information in any manner, at any time, other than as expressly required by the Company in connection with the
services Consultant performs under this Agreement.

 

7.4          RESTRICTION ON REMOVAL
AND DUPLICATION. Consultant agrees not to remove, reproduce, summarize or copy any Confidential Information except as expressly
required by the Company in connection with the performance of his Services under this Agreement. Consultant agrees to return immediately
all Confidential Information (including any copies thereof) to the Company (i) once such Confidential Information is no longer
required for Consultant to perform its services for the Company, (ii) when this Agreement expires or is earlier terminated under
any circumstances whatsoever or (iii) whenever the Company may otherwise require that such Confidential Information be returned.

 

7.5          RETURN OF DOCUMENTS.
Consultant agrees that all manuals, documents, files, media storage devices, reports, studies and other materials used or developed
by the Company, whether are not deemed Confidential Information, are solely the property of the Company and that Consultant has
no right, title or interest therein. Upon the expiration or earlier termination of this Agreement or whenever requested by the
Company, Consultant shall promptly deliver such property in his possession to the Company.

 

7.6          SURVIVAL. The covenants
and agreements of Consultant contained in this Section 7 shall be deemed to be effective as of the date such person first acquired
knowledge of any Confidential Information and shall survive the expiration or earlier termination of this Agreement.

 

7.7          INJUNCTIVE AND OTHER
EQUITABLE RELIEF. Consultant acknowledges that his breach of any provision of this Section 7 will cause the Company great and irreparable
harm, for which it will have no adequate remedy at law, and that, in addition to all other rights and remedies the Company may
have, the Company shall be entitled to injunctive and other equitable relief to prevent a breach or continued breach of the provisions
of this Section 7.

 

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8.          ARBITRATION.
In the event of a dispute related to or arising from the terms of this Agreement such dispute shall be resolved before the
American Arbitration Association in Orange County, California.

 

9.          GENERAL.

 

9.1          ASSIGNMENT. Consultant
shall not assign Consultant’s rights or delegate Consultant's duties under this Agreement either in whole or in part without
the prior written consent of the Company. The Company shall have the right to assign its rights and delegate its duties under this
Agreement in whole or in part without the consent of Consultant.

 

9.2          GOVERNING LAW. This
Agreement shall be governed by and construed in accordance with the laws of the State of California.

 

9.3          ATTORNEYS' FEES. If
any litigation, arbitration or other legal proceeding relating to this Agreement occurs between the parties hereto, the prevailing
party shall be entitled to recover (in addition to any other relief awarded or granted) its reasonable costs and expenses, including
attorneys' fees and costs incurred in such litigation, arbitration or proceeding.

 

9.4          SEVERABILITY. If any
provision of this Agreement is determined to be illegal, invalid or otherwise unenforceable by a court of competent jurisdiction,
then to the extent necessary to make such provision or this Agreement legal, valid or otherwise enforceable, such provision shall
be limited, construed or severed and deleted from this Agreement, and the remaining portion of such provision and the remaining
other provisions hereof shall survive, remain in full force and effect and continue to be binding, and shall be interpreted to
give effect to the intention of the parties hereto insofar as that is possible.

 

9.5          NOTICES. All notices,
requests and other communications hereunder shall be in writing and shall be delivered by courier or other means of personal service
(including by means of a nationally recognized courier service or professional messenger service), or sent by facsimile, electronic
transmission or mailed first class, postage prepaid, by certified mail, return receipt requested, in all cases, addressed to:

 

COMPANY:

 

	Name:	Cloud Security Corporation
	 	 
	Address:	4590 MacArthur Blvd.
	 	Suite 500
	 	Newport Beach, California 92660
	Email:	 

 

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CONSULTANT:

 

	Name:	Safa Movassaghi
	 	 
	Address:	P.O. Box 4906
	 	Mission Viejo,
CA 92690
	 	
	Email:	 

 

All notices, requests and
other communications shall be deemed given on the date of actual receipt or delivery as evidenced by written receipt, acknowledgement
or other evidence of actual receipt or delivery to the address. Any party hereto may from time to time by notice in writing served
as set forth above designate a different address or a different or additional person to which all such notices or communications
thereafter are to be given.

 

9.6          ENTIRE AGREEMENT. This
Agreement sets forth the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior
and contemporaneous agreements, written or oral, between them concerning such subject matter.

 

9.7          AMENDMENT, MODIFICATION
AND WAIVER. This Agreement and its provisions may not be amended, modified or waived except in a writing signed by Consultant and
the Company.

 

9.8          CONSTRUCTION. The normal
rule of construction that an agreement shall be interpreted against the drafting party shall not apply to this Agreement. In this
Agreement, whenever the context so requires, the masculine, feminine or neuter gender, and the singular or plural number or tense,
shall include the others.

 

IN WITNESS WHEREOF,
the parties have signed this Agreement as of the date first set forth above.

 

“COMPANY”

 

Cloud Security Corporation

 

/s/ Ira Lebovic

By: Ira Lebovic

Its: Director

 

 

 

“CONSULTANT”

 

Safa Movassaghi

 

/s/ Safa Movassaghi

By: Safa Movassaghi

 

 

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SCHEDULE “A”

DESCRIPTION OF CONSULTING SERVICES

 

 

Consultant shall perform
the following services pursuant to the terms of this Agreement:

 

(1)
Provide software development consulting services and associated services, including but not limited to:

 

(a)
advising on the software development and optimization of the Company’s proprietary cloud computing technology; and

 

(b)
other matters as requested by the Board of Directors of the Company.

 

The above services will
be further defined and delineated by the Company’s management from time to time as necessary.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	6EXHIBIT 10.1

 

DEBT FOR SHARES AGREEMENT

 

This agreement is made and entered into as of December 9, 2014, by and between Roadships Holdings Inc., a Delaware corporation (the "Company"), and Micheal Nugent ("Shareholder");

 

WHEREAS,

 

A. The Company issued 39,312 shares of Series B Preferred Stock (the “Series B Shares”) to Shareholder on March 12, 2013, in exchange for the agreement by Shareholder to retire $98,281.00 USD owed to him by the Company;

 

B. The Company wishes to cancel all issued Series B Shares;

 

C. the Shareholder is willing to surrender the Series B Shares to the Company for cancellation in exchange for a promissory note for $98,281.00 USD in the form attached hereto as Exhibit A (the “Note”);

 

NOW THEREFORE, in consideration of the mutual covenants and promises contained herein, and for valuable consideration, the receipt and sufficiency of which are hereby mutually acknowledged, the parties to this agreement (collectively "parties" and individually a "party") agree as follows:

 

1. The Company agrees to issue the Note to the Shareholder and the Shareholder agrees to surrender the Series B Shares to the Company for cancellation in accordance with the terms and subject to the conditions of this Agreement.

 

2. Shareholder may surrender all, but not less than all, the Series B Shares to the Company at any time prior to December 31, 2014, by delivering the Notice of Surrender for Cancellation attached hereto as Exhibit B to the registered office of the Company (or as the Company may direct in writing), along with all certificates representing the Series B Shares, duly endorsed for transfer. The Company shall accept the Series B Shares surrendered in accordance with this paragraph, but shall not have any obligation under this Agreement to accept any Series B Shares surrendered after December 31, 2014.

 

3. Upon surrender by Shareholder and acceptance by the Company of all the Series B Shares, the Company shall promptly issue the Note to Shareholder.

 

4. This Agreement shall in all respects be interpreted, enforced and governed under the laws of the State of Delaware. The language and all parts of this agreement shall be in all cases construed as a whole according to its very meaning and not strictly for or against any individual party.

 

5. This Agreement memorializes and constitutes the entire agreement and understanding among the parties regarding the subject matter hereof, and supersedes all prior negotiations, proposed agreements and agreements, whether written or unwritten. The parties acknowledge that no other party, nor any agent or attorney of any other party, has made any promises, representations, or warranties whatsoever, expressly or impliedly, which are not expressly contained in this agreement, and the parties further acknowledge that they have not executed this agreement in reliance upon any collateral promise, representation, warranty, or in reliance upon any belief as to any fact or matter not expressly recited in this agreement.

 

6. The parties shall hereafter execute all documents and do all that is necessary, convenient or desirable in the reasonable opinion of the other party to effect the provisions of this agreement.

 

7. For the convenience of the parties to this agreement, this document may be executed by facsimile signatures and in counterparts which shall together constitute the agreement of the parties as one and the same instrument. It is the intent of the parties that a copy of this agreement signed by any party shall be fully enforceable against that party.

 

8. Should any provision of this agreement be declared or determined by any court to be illegal or invalid, the validity of the remaining parts, terms or provisions shall not be affected thereby and, in lieu of such illegal or invalid provision, there shall be added a provision as similar in terms and amount to such illegal or invalid provision as may be possible and, if such illegal or invalid provision cannot be so modified, then it shall be deemed not to be a part of this agreement.

 

IN WITNESS WHEREOF the parties have executed this agreement as of the date first above written.

 

	 	ROADSHIPS HOLDINGS INC.	 
	 	 	 	 
		By:	/s/ Patrick Greene	 
	 	 	Patrick Greene	 
	 	 	
Vice-President

	 
	 	 	 	 
	 	By:	/s/ Micheal Nugent	 
	 	 	MICHEAL NUGENT	 

 

	 
	
1

	

 

EXHIBIT A

 

PROMISSORY NOTE

 

	PRINCIPAL SUM: $98,281.00 USD 	 	
INTEREST RATE: 5%

 

FOR VALUE RECEIVED from Micheal Nugent (the "Payee"), Roadships Holdings Inc. (the "Payor") hereby acknowledges itself indebted and promises pay on December 31, 2015 (the "Redemption Date"), to or to the order of the Payee the sum of $98,281.00 in lawful money of the United States of America (the “Principal”) upon presentation and surrender of this Promissory Note to Payee, and to pay interest thereon, calculated annually from the date hereof at a rate equal to FIVE PER CENT payable in like money at the same place on the Redemption Date.

 

1. Expenses

 

The Payor agrees to pay to the Payee forthwith on demand all costs, charges and expenses, including all legal fees (on a solicitor and own client basis), incurred by the Payee in connection with the preparation and registration of this Promissory Note, or notice hereof, and the recovery or enforcement of payment of any moneys owing hereunder whether by realization of the Security or otherwise. All such sums shall be secured hereby and shall be added to the principal hereof and bear interest at the rate hereinbefore provided for.

 

2. Prepayment

 

Payor may, at any time prepay the amount outstanding hereunder without penalty.

 

3. Non-Negotiability

 

This Promissory Note is not a negotiable instrument and is not transferable or assignable without the consent of Payor.

 

4. Waiver

 

No consent or waiver by the Payee shall be effective unless made in writing and signed by an authorized officer of the Payee.

 

5. Notice

 

Any demand, notice or other communication in connection with this Promissory Note shall be in writing and shall be personally delivered to an officer or other responsible employee of the addressee, mailed by registered mail or sent by telefacsimile or other direct written electronic means, charges prepaid, at or to the address or addresses, telex or telefacsimile number or numbers as either Payor or the Payee may from time to time designate to the other party in such manner.

 

Any communication which is personally delivered as aforesaid shall be deemed to have been validly and effectively given on the date of such delivery if such date is a business day and such delivery was made during normal business hours of the recipient; otherwise, it shall be deemed to have been validly and effectively given on the business day next following such date of delivery. Any communication mailed as aforesaid shall be deemed to have been validly and effectively given on the fifth business day following the date of mailing provided that, in the event of an interruption in postal services before such fifth business day, such communication shall be given by one of the other means. Any communication which is transmitted by telefacsimile or other direct written electronic means as aforesaid shall be deemed to have been validly and effectively given on the date of transmission if such date is a business day and such transmission was made during normal business hours of the recipient; otherwise, it shall be deemed to have been validly and effectively given on the business day next following such date of transmission.

 

6. Governing Law

 

This Promissory Note shall be interpreted in accordance with the laws of the State of Delaware.

 

IN WITNESS WHEREOF Payor has duly executed this Promissory Note this 9th day of December, 2014. 

 

	 	ROADSHIPS HOLDINGS INC.	 
	 	 	 	 
		per: 	/s/ Patrick Greene	 
	 	 	Patrick Greene	 
	 	 	Vice-President	 

 

 

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