Document:

Exhibit 10.5

CONSULTING SERVICES AGREEMENT

THIS CONSULTING SERVICES AGREEMENT (the “Agreement”) is entered into as of the 23rd day of March 2009 by and among Proteonomix, Inc (other OTC: PROT), a Delaware corporation, having its principal address at 187 Mill Lane, Mountainside, NJ 07092-2909, and Icecoldstocks.com, Inc., a Florida Corporation, and Barry Davis, having their principal address at 9060 Equus Circler, Boynton Beach FL 33472 (the “Consultants”) (collectively the “Parties” and individually a “Party”).

WHEREAS, Icecoldstock.com, Inc. and Barry Davis are both financial consultants; and

WHEREAS, the Company desires to retain the services of the Consultants as described herein (the “Services”) and the Consultants desire to provide the Services for the consideration set forth below and for such other mutual promises and consideration received; 

NOW, THEREFORE, in consideration of the premises and other consideration the Company and the Consultants hereby agree  as follows:

1.

Services.  The Company retains the Consultants to render to the Company the Services, as set forth below:

a)

advice and consultation in conjunction with the development of the Company’s marketing plan, business plan and goals;

b)

advice and consultation leading to alternatives for maximizing the Company’s exposure to, and penetration of, its target markets;

c)

scheduling and arranging meetings and conferences, in person, by telephone, or other media, for the Company’s representatives and such third parties as the Consultants believe will further the purposes of the Agreement. Said meetings and conferences shall be with representatives of potential strategic partners of the Company, marketing and media representatives, and representatives of investment and banking advisory services with the goal of increasing the market capitalization of the Company’s.

d)

Compensation.  As consideration for the Consultants performance of the Services, the Company will issue to the Consultants in the name or names as designated by them in writing to the Company One Hundred and Fifty Thousand (150,000) shares of the Company’s restricted common stock upon the signing of this contract. Further, if requested by the Consultants, the Company shall at its sole expense, provide the Consultants with a written legal opinion regarding the tradability of such stock upon the termination of the period of restriction. The following legend (or a legend substantially in the following form) shall be placed on certificates representing the Shares.

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THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAW, AND NO INTEREST THEREIN MAY BE SOLD, DISTRIBUTED, ASSIGNED, OFFERED, PLEDGED OR OTHERWISE TRANSFERRED OR DISPOSED OF UNLESS (A) THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE UNITED STATES STATE SECURITIES LAWS COVERING ANY SUCH TRANSACTION INVOLVING SAID SECURITIES, OR (B) THIS CORPORATION RECEIVES AN OPINION OF LEGAL COUNSEL FOR THE HOLDER OF THESE SECURITIES (CONCURRED IN BY LEGAL COUNSEL FOR THIS CORPORATION) STATING THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION, OR (C) THIS CORPORATION OTHERWISE SATISFIES ITSELF THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION.

The Consultants acknowledge that the Company does not file current or periodic reports with the Securities and Exchange Commission, and that there can be no assurance that the Company will in the future file such reports or make information publicly available. 

The Company shall be responsible for all reasonable costs and necessary expenses incurred by the Consultants, including travel, mileage, duplicating, and communication expenses. The Company shall reimburse the Consultants for all such expenses within thirty (30) days, subject to submission by the Consultants of reasonably satisfactory documentation. The Consultants shall be required to receive prior written approval from an officer of the Company for all expenses above $500. 

The Company may, in its discretion, further compensate the Consultants if, as a result of their efforts, the Company merges with a larger publicly traded corporation or acquires a publicly traded or private company. Benchmark compensation for such results would be 150,000 restricted shares of the Company’s common stock. It is contemplated that such additional compensation shall be in shares of the Company’s restricted common stock to be delivered upon successful completion of such merger or acquisition.

2.

Term and Termination. The term of the agreement shall begin on the date set forth above and will continue in full force and effect for a period of twenty four (24) months. Thereafter, the Parties may renew the Agreement upon mutually agreeable terms. A breach by either Party will result in that Party being responsible to reimburse the non-defaulting Party for all costs incurred directly as a result of the breach of the Agreement, and shall be subject to such damages as may be allowed by law including all attorneys' fees and costs of enforcing the Agreement. Upon any termination or expiration of the Agreement, Company shall pay all unpaid and outstanding fees, through the effective date of termination or expiration of the Agreement.  

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Upon any termination, the Consultants shall provide and deliver to Company any and all outstanding Services. Termination by either Party shall not result in the forfeiture by the Consultants of the Shares already issued or right to a written legal opinion regarding the tradability of such Shares.

3.

Independent Contractor Status. The Parties acknowledge that that the Agreement shall not be construed so as to make either an employee of the other and neither Party shall hold themselves out as such.  Neither Party shall i) have the authority to bind the other to any contract, agreement, nor indenture; ii) be liable to any third party for the acts of the other Party; nor iii) accept service of process for the other Party.

4.

Confidential Information. The Consultants shall have access to, have disclosed to it, or otherwise obtain Confidential Information about the Company. “Confidential Information” shall mean confidential, non-public or other proprietary information including, without limitation, letters addressed from the Securities and Exchange Commission to the Company, trade secrets, technical information, including algorithms, code, data, designs, documentation, drawings, formulae, hardware, know-how, ideas, inventions, whether patentable or not, photographs, plans, procedures, processes, reports, research, samples, sketches, software, specifications, business information, including customer and distributor names, marketing information, operations, plans, products, financial information, including pricing and other confidential information that is disclosed hereunder by the Company or the Consultants.  The Consultants shall not disclose to, or use for the benefit of, any third party, Confidential Information it receives without the prior written consent of the Company. Information shall not be considered Confidential Information if such information is i) already known to the Consultants at the time it is obtained, ii) subsequently learned from an independent third party; or iii) available publicly.

5.

Confidentiality of Agreement. The Parties shall not disclose to any third person or entity, any portion of the Agreement except as necessary for the Consultants to provide the Services Neither Party shall disclose the existence or terms of the Agreement without first obtaining prior written approval of the other Party which approval may be withheld by the Consultants for any reason. Neither Party shall use the other’s name, logo, trademarks, or service marks in any advertising, publicity releases, or any other materials without that Party’s prior written approval, which shall not be unreasonably withheld by the Company if the Consultants determine such use to be consistent with the performance of the Services.

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6.

Best Efforts. The Consultants will utilize their best efforts to provide the Services. The Company acknowledges and accepts that the Consultants do not and cannot promise or guarantee that any specific result can or will be achieved by the  Consultants as a result of their performance of the Services.

7.

Assignment.  The Agreement shall be assigned to and inure to the benefit of, and be binding upon, any successor to substantially all of the assets and business of the Company as a going concern, whether by merger, consolidation, liquidation or sale of substantially all of the assets of the Company or otherwise. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform the Agreement in the same manner and to the same extent that the Company would be required to perform as if no such succession had taken place; and, as used in the Agreement, "Company" shall mean Proteonomix, Inc. and any successor to its business and/or assets which assumes and agrees to perform the Agreement by operation of law, or otherwise; provided that for purposes of this Section 8 hereof, any such transaction in which the Agreement is assigned to a successor may not expand or enlarge the scope of restrictions applicable to the Consultants pursuant to the Agreement. The Consultants understand that the Agreement is exclusive and personal to them only, and, as such, they will neither assign nor subcontract all or part of their undertaking(s) or obligation(s) under the terms of the Agreement.

8.

Suit/Jurisdiction. Any and all disputes rising out of or relating to the Agreement shall be submitted to the American Arbitration Association (“AAA”) for binding and final resolution in accordance with the rules of the AAA. Such arbitration shall take place in the Borough of Manhattan, New York, New York. Notwithstanding the foregoing, the Parties shall each retain the right to seek injunctive or equitable relief for any actual or threatened breach of Sections 5 and 6 of the Agreement.  In the event either Party exercises its right to seek injunctive or equitable relief, it shall do so in a court of competent jurisdiction in the State of New York. Without limitation of the foregoing, the Parties acknowledge that they hereby waive the right to have disputes rising out of or relating to the Agreement resolved by jury trial.

9.

Interpretation of Agreement.  The Agreement shall be interpreted in accordance with the plain meaning of its terms and under the laws of the State of New York without regard to conflicts of laws rules in the event they differ from the internal laws of the State of New York.

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10.

Contents of the Agreement and Amendments. The Agreement sets forth the entire agreement of the Parties. No amendment or modification to the Agreement shall be binding unless in writing and signed by both Parties.

11.

Counterparts; Delivery by Facsimile. The Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of the Agreement may be effected by facsimile. 

12.

Notices. Notices from one Party to the others may be made by mail to the addresses first set forth hereinabove, or to such other address as may later be provided by a Party in writing to the other Party, with a delivery confirmation or by a recognized overnight delivery service or by messenger and are effective when delivered.

IN WITNESS WHEREOF, the Parties have executed the Agreement effective as of the date and year first written above.

		
	CONSULTANTS:

	PROTEONOMIX, INC.:

	 	 
	 	X /s/ Michael Cohen

	Icecoldstocks.com, Inc.

By: 

/s/ Barry Davis

	Print Name: Michael Cohen

Title: President

	Print Name:  Barry Davis

	 
	Title:  President

	 

Barry Davis 

/s/ Barry Davis 

5Exhibit 10.6

 

NATIONAL FINANCIAL COMMUNICATIONS CORP.

CONSULTING AGREEMENT

AGREEMENT (this "Agreement") made as of the st' day of June, 2008 between National Stem Cell Holding, Inc., a Delaware corporation, maintaining its principal offices at 187 Mill Lane, Mountainside, NJ 07092, (hereinafter referred to as the "Client") and National Financial Communications Corp. DBA/ OTC Financial Network, a Commonwealth of Massachusetts corporation maintaining its principal offices at 300 Chestnut St, Suite 200, Needham, MA 02492 (hereinafter referred to as the "Consultant"). The parties to this Agreement are hereinafter referred to as the "Parties."

WITNESSSETH:

WIIEREAS, the Consultant is engaged in the business of providing and rendering public relations and communications services and has knowledge, expertise and personnel to render the requisite services to the Client; and

WHEREAS, the Client is desirous of retaining the Consultant for the purpose of obtaining public relations and corporate communications services so as to better, more fully and more effectively deal and communicate with its shareholders and the investment banking community.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements contained herein, it is agreed as follows:

1. 

Engagement of the Consultant. The Client herewith engages the Consultant and the Consultant agrees to render to the Client public relations, communications, advisory and consulting services.

A.

The consulting services to be provided by the Consultant shall include, but are not limited to, the development, implementation and maintenance of an ongoing program to increase the investment community's awareness of the Client's activities and to stimulate the investment community's interest in the Client. The Client acknowledges that the Consultant' ability to relate information regarding the Client's activities is directly related to the information provided by the Client to the Consultant.

B.

the Client acknowledges that the Consultant will devote such time as is reasonably necessary to perform the services for the Client, having due regard for the Consultant's commitments and obligations to other businesses for which it performs consulting services.

II.

Compensation and Expense Reimbursement.

A. The Client will pay the Consultant, as compensation for the services provided for in this Agreement and as reimbursement for expenses incurred by the Consultant on the Client's behalf, in the manner set forth in Schedule A annexed to this Agreement which Schedule. 

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B.

 In addition to the compensation and expense reimbursement referred to in Section 2(A) above, the Consultant shall be entitled to receive from the Client a "Transaction Fee", as a result of any Transaction resulting from an introduction (as described below) between the Client and• any other company, entity, person, group or persons or other party which is introduced to, or put in contact with, the Client by the Consultant, or by which the Client has been introduced to, or has been put in contact with, by the Consultant. A "Transaction" shall mean merger, sale of assets through an acquisition, consolidation or other similar transaction or series or combination of transactions whereby the Client or such other party transfer to the other, or both transfer to a third entity or person, stock, assets, or any interest in its business in exchange for stock, assets, securities, cash or other valuable property or rights, or wherein they make a contribution of capital or services to a joint venture, commonly owned enterprise or business opportunity with the other for purposes of future business operations and opportunities. The services to be rendered by the Consultant to the Client shall under no circumstances include the following:

 1. 

Any activities which could be deemed by the Securities and Exchange Commission to constitute investment banking or any other activities required by the Consultant to be registered as a broker-dealer under the Securities Act of 1934.

2.

Any activities which could be deemed to be in connection with the offer or sale of securities in a capital-raising transaction.

To be a Transaction covered by this section, the transaction must occur during the term of this Agreement or the one year period following the expiration of this Agreement.

The calculation of a Transaction Fee will be a predetermined flat fee the amount of which will be agreed to by both parties and shall be based upon the total value of the consideration, securities, property, business, assets or other value given, paid, transferred or contributed by, or to, the Client. Such fee shall be agreed upon by both parties either verbally or in writing and paid by certified funds at the closing of the Transaction.

III.

Term and Termination, This Agreement shall be for a period of one year commencing May 20, 2008 and terminating May 19, 2009. If the Client does not cancel the contract during the term, the contract will be automatically extended for an additional six months.

IV.

Treatment of Confidential Information. The Consultant shall not disclose, without the consent of the Client, any financial and business information concerning the business, affairs, plans and programs of the Client which are delivered by the Client to the Consultant in connection with the Consultant's services hereunder, provided such information is plainly and prominently marked in writing by the Client as being confidential (the "Confidential Information"). The Consultant will not be bound by the foregoing limitation in the event (i) the Confidential

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I

Information is otherwise disseminated and becomes public information or (ii) the Consultant is required to disclose the Confidential Informational pursuant to a subpoena or other judicial order.

V.

Representation by the Consultant of other clients. The Client acknowledges and consents to the Consultant rendering public relations, consulting and/or communications services to other clients of the Consultant engaged in the same or similar business as that of the Client.

VI. 

Indemnification by the Client as to Information Provided to the Consultant. The Client acknowledges that the Consultant, in the performance of its duties, will be required to rely upon the accuracy and completeness of information supplied to it by the Client's officers, directors, agents and/or employees. The Client will indemnify, hold harmless and defend the Consultant, its officers, agents and/or employees from any proceeding or suit which arises out of or is due to the inaccuracy or incompleteness of any material or information supplied by the Client to the Consultant,

VII.

 Independent Contractor. It is expressly agreed that the Consultant is acting as an independent contractor in performing its services hereunder. The Client shall carry no workers compensation insurance or any health or accident insurance on the Consultant or consultant's employees. The Client shall not pay any contributions to social security, unemployment insurance, Federal or state withholdiztg taxes nor provide any other contributions or benefits which might be customary in an employer-employee relationship.

VIII. 

Non-Assignment. This Agreement shall not be assigned by either party without the written consent of the other party.

IX.

Notices. Any notice to be given by either Party to the other hereunder shall be sufficient if in writing and personally delivered, or mailed with •a delivery confirmation or sent by a recognized national overnight delivery service addressed to such Party at the address specified on the first page of this Agreement or such other address as either Party may have given to the other in writing.

X.

Entire Agreement. The within agreement contains the entire agreement and understanding between the parties and supersedes all prior negotiations, agreements and discussions concerning the subject matter hereof

XI. 

Modification and Waiver. This Agreement may not be altered or modified except by writing signed by each of the respective parties hereof. No breach or violation of this Agreement shall be waived except in writing executed by the party granting such waiver.

XTl 

Law to Govern; Forum for Disputes. This Agreement shall be governed by the laws of the Commonwealth of Massachusetts without giving effect to the principle of conflict of laws. Each Party acknowledges to the other that courts within the City of Boston, Massachusetts shall be the sole and exclusive forum to adjudicate any disputes arising under this Agreement. 'In the event of delinquent fees owed to the Consultant, the Client will be responsible for pay for all fees associated with the collection of these fees.

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

National Financial Communications Corp.

By: /s/Geoffrey Eiten, President

          Geoffrey Eiten, President 

National Stem Cell Holding, Inc. 

By: /s/Michael Cohen, CEO

          Michael Cohen, CEO

SCHEDULE A-1 PAYMENT FOR. SERVICES AND REIMBURSEMENT OF EXPENSES.

SCHEDULE A-2 GRANT OF OPTIONS TO NATIONAL FINANCIAL COMMUNICATIONS CORP. IN ADVANCE OF SERVICES RENDERED

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SCHEDULE A-1

PAYMENT FOR SERVICES AND REIMBURSEMENT OF EXPENSES

A 

For the services to be rendered and performed by the Consultant during the term of the Agreement, the Client shall pay to the Consultant the sum of $5,000 per month payable in cash and/or free-trading shares. If the Client decides to pay for the entire base fee with 100% shares vs. cash, the Client must also issue at least three months worth of base fees at the signing of this agreement in those shares. The amount of shares will be determined by the bid price at the date of this contract. The Consultant will keep an accounting of the sales of stock and deduct those net proceeds from the base fee per month owed. if there are not enough funds to cover the annual fee, the Client will either pay additional shares or cover the deficit or the Client will pay the deficit in cash for that particular month,

B 

The Client shall also reimburse the Consultant for all reasonable and necessary out-of pocket expenses incurred in the performance of its duties for the Client upon presentation of statements setting forth in reasonable detail the amount of such expenses. The Consultant shall not incur any expense for any single item in excess of $250 either verbally or written except upon the prior approval of the Client. The Consultant understands that any travel, entertainment or other expense which it may incur and which may be referable to more than one of its clients (including the Client) will be prorated among the Clients For whom such expense has been incurred. Shares will be accepted for payment of expenses in the same manner as the base fee per month in Paragraph A above.

National Financial Communications Corp.

By:  Geoffrey Eiten

:

June 1, 2008

Geoffrey Eiten, President

Date

National Stem Cell Holding, Inc.

By; Michael Cohen

June 1. 2008

Michael Cohen, CEO

Date

5

SCHEDULE A-2

GRANT OF OPTIONS TO NATIONAL FINANCIAL COMMUNICATIONS CORP. N ADVANCE OF SERVICES RENDERED

A.

Grant of Options and Option Exercise Price. As compensation for the services to be rendered by The Consultant hereunder, the Client herewith issues and grants to The Consultant stock options the "Options") to purchase an aggregate of one (1,000,000) million shares of the Client's Common Stock at an exercise price of $0.75 per share for 250,000, $1.25 for 250,000 shares and $2.00 for 500,000 shares. The Options are exercisable during the period commencing on the date hereof and ending two years subsequent to the termination date of this Agreement. These restricted shares will be issued to the Consultant upon the signing of this Agreement and held by the Client until payment is made.

B.

Manner of Exercise. Exercise of any of the Options by the Consultant shall be by written notice to the Client accompanied by the Consultant's certified or bank check for the purchase price of the shares being purchased. Upon receipt of such notice and payment, the Client shall promptly cause to be issued, without transfer or issue tax to the option holder, the number of shares for which the Option has been exercised, registered in the name of the Consultant. Such shares, when released to the Consultant, shall be fully paid and non-assessable.

C.

Option Shares. The Consultant acknowledges that any shares which it may acquire from the Client pursuant to the exercise of the Options provided for herein will not have been registered pursuant to the Securities Act of 1933, as amended (the "Securities Act"), and therefore may not be sold or transferred by The Consultant except in the event that such shares are the subject of a registration statement or any future sale or transfer is, in the opinion of counsel for the Client, exempt from such registration provisions. The Consultant acknowledges that any shares which it may acquire pursuant to the exercise of the Options will be for its own account and for investment purposes only and not with a view to the resale or redistribution of same, The Consultant further consents that a legend substantially as follows be placed upon all certificates representing the shares which may be issued to the Consultant upon the exercise of the Options:

"THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED AND MAY NOT BE SOLD OR OTHERWISE TRANSFERRED 1N THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE' CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED."

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The Consultant further consents that no stop transfer instruction will be placed on certificates issued to it upon the exercise of the Options.

(i)

If the Client executes a Registration during the term of the contract, then the Consultant's shares will be added to this Registration at no cost to the Consultant. The Client shall bear all costs and expenses attributable to such registration, excluding fees and expenses of the Consultant's counsel and any underwriting or selling commission. The Client shall maintain the effectiveness of such registration until all the Options are exercised or throughout the term of this Agreement and for a 120 day period thereafter.

(ii)

Notwithstanding the foregoing, if the Shares issuable upon exercise of the Options are not otherwise registered under the Securities Act and the Client shall at any time after the data hereof propose to file a registration statement under the Securities Act, which registration statement shall include shares of Common Stocic of the Client or any selling shareholder, the Client shall give written notice to the Consultant of such proposed registration and will permit the Consultant to include in such registration all Shares which it has acquired as of the date of such notice. The Client shall bear all costs and expenses attributable to such registration, excluding fees and expenses of the Consultant's counsel and any underwriting or selling commission.

D. Adjustments in Option Shares.

(i)

In the event that the Client shall at any time sub-divide its outstanding shares of Common Stock into a greater number of shares, the Option purchase price in effect prior to such sub-division shall be proportionately reduced and the number of shares of Common Stock purchasable shall be proportionately increased, In case the outstanding shares of Common Stock of the Client shall be combined into a smaller number of shares, the Option purchase price in effect immediately prior to such combination shall be proportionately increased and the number of shares of Common Stock purchasable shall be proportionately reduced.

(ii)

In case of any reclassification or change of outstanding shares of Common Stock issuable upon exercise of this Option (other than change in par value, or from par value to no par value, or from no par value to par value, or as a result or a subdivision or combination), or in case of any consolidation or merger of the Client with or into another corporation (other than a merger in which the Client is the continuing corporation and which does not result in any reclassification or change of outstanding shares of Common Stock, other than a change in number of the shares issuable upon exercise of the Option) or in case of any sale or conveyance to another corporation of the property of the Client as an entirety or substantially as an entirety, the Holder of this Option shall have the right thereafter to exercise this Option into the kind and amount of shares of stock and other securities and property receivable upon such reclassification, change, consolidation, merger, sale or conveyance by a holder of the number of shares of Common Stock of the Client for which the Option might have been exercised immediately prior to such reclassification, change, consolidation, merger, sale or conveyance. The above provisions shall similarly apply to successive reclassifications and changes of shares of Common Stock and to successive consolidations, mergers, sales or conveyances

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(iii)

The Consultant reserves the right to assign these options to a third party at its own 

National Financial Communications Corp.

By:  Geoffrey Eiten

 

June 1, 2008

Geoffrey Eiten, President

Date

National Stem Cell Holding, Inc.

By; Michael Cohen

June 1. 2008

Michael Cohen, CEO

Date

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