Document:

Exhibit 10.1

        SETTLEMENT AGREEMENT

        

        This Agreement ("Agreement") iis made and entered into this 13th day of November 2009 by and between Robert Lisle ("RL") and Assure Data, Inc. a Nevada corporation ("ADI"). 

        Whereas, ADI currently owes RL $59,961.00 (the "Indebtedness"); and

        

        Whereas, RL and ASI desire to enter into an agreement concerning the repayment of the Indebtedness to RL; and 

        Whereas, RL has agreed to accept as payment in full from ASI the assets and properties of ADI listed on attached Schedule A (the “Business Assets”) to settle the Indebtedness;

        

        NOW, THEREFORE, for and in consideration of the mutual promises and covenants contained herein, and for other good and valuable consideration, the parties hereto agree as follows: 

        1.     Payment of Indebtedness. Upon the execution of this Agreement, RL agrees to cancel and release all indebtedness owed to him from ADI of whatever kind, which shall constitute full and final payment to RL.In exchange for such cancellation, ADI hereby transfers,
        sells, conveys and assigns to RL the Business Assets.

        

        2.     Miscellaneous.

        

        A.     Amendment. This Agreement may be amended, modified, or supplemented only by an instrument in writing executed by all the parties hereto.

        

        B.     Assignment. Neither this Agreement nor any right created hereby or in any agreement entered into in connection with the transactions contemplated hereby shall be assignable by any party hereto without the written consent of the party not seeking assignment.

        

        C.     Parties In Interest; No Third Party Beneficiaries. Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective heirs, legal representatives, successors and assigns of the parties
        hereto. Neither this Agreement nor any other Agreement contemplated hereby shall be deemed to confer upon any person not a party hereto or thereto any rights or remedies hereunder or thereunder.

        

        D.     Entire Agreement. This Agreement and the agreements contemplated hereby constitute the entire agreement of the parties regarding the subject matter hereof, and supersede all prior agreements and understandings, both written and oral, among the parties, or any of them,
        with respect to the subject matter hereof.

        

        
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        E.     Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable under present or future laws effective during the term hereof, such provision shall be fully severable and this Agreement shall be construed and enforced as if such
        illegal, invalid or unenforceable provision never comprised a part hereof; and the remaining provisions hereof shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom. Furthermore, in lieu of such illegal, invalid or unenforceable provision, there shall be added automatically as part of this Agreement a provision as similar in its terms to such illegal, invalid, or unenforceable provision as may be
        possible and be legal, valid and enforceable.

        

        F.     Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS (BUT NOT THE RULES GOVERNING CONFLICTS OF LAWS) OF THE STATE OF TEXAS.

        

        G.     Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. Execution and delivery of this letter by exchange of facsimile copies bearing
        facsimile signature of a party shall constitute a valid and binding execution and delivery of this letter of intent by such party. Such facsimile copies shall constitute enforceable original documents.

        

        	ASI:	 	 	
                	 	 
	Assure Data, Inc.	 	 
	 	
                
	By: /s/ Terry Harris	 	 
	Terry Harris, President	 	 
	 	
                
	/s/ Robert Lisle	
                
	Robert Lisle	 	 

        

        

        

        
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        SCHEDULE A

        BUSINESS ASSETS

        

        All assets and properties used by ADI in its data storage business, including the following:

        

        Cash - Prior to closing

        Accounts receivable

        Intellectual property rights, including patents, trademarks, copyrights, service marks, trade dress, confidentiality agreements, license agreements, etc.

        All computers, data storage devices, telephone lines and listings

        The name “Assure Data”, in respect of which ADI agrees to change its name as soon as feasible

        All contract rights, including contracts with the customers of ADI.

        

        RL will assume all liabilities related to the Business Assets, including accounts payable, payroll taxes, vacation accruals, and employee benefit liabilities.

        
            3Exhibit 10.2

        

        INDEPENDENT CONSULTING AGREEMENT

             

             This Independent Consulting Agreement (“Agreement”, effective as of November 12, 2009 (“Effective Date”) is entered into by and between Assure Data, Inc. (herein referred to as
        the “Client”) and Halter Capital Corporation (herein referred to as the “Consultant”).

        

        RECITALS

          

             WHEREAS, Client
        is interested in the services to be provided by the Consultant; and

          

             WHEREAS, Client desires to engage the services of Consultant to help Client in the execution of it’s business
        plan;

          

             NOW THEREFORE, in consideration of the promises and the mutual covenants and agreements hereinafter set forth, the parties hereto covenant and agree as follows:

          

        

        	
                	
                    1.     

                	
                    Term of Consultancy. Client hereby agrees to retain Consultant to act in a consulting capacity to the Client
                    , and the Consultant hereby agrees to provide services to the Client commencing immediately and ending (6) months after the date herein.

                

        

        

        	
                	
                    2.     

                	
                    Duties of Consultant. Consultant agrees that it will generally provide the following services, which shall include but not be limited to the services listed below, during the term specified in Section 1, above.

                

        

        

        	
                	
                    a.     

                	
                    Consultant shall advise and reasonable assist the Client in a possible restructuring of, merger of and/or acquisition of additional companies and/or divisions or the Company and/or a change of business; and

                

        

        	
                	
                    b.     

                	
                    Interact and coordinate with legal professionals with respect to all actions necessary in order to become a Publicly held Company; and

                

        

        	
                	
                    c.     

                	
                    Advise the Client on matters related to its efforts to communicate with shareholders, potential investors and the general brokerage community; and

                

        

        	
                	
                    d.     

                	Provide Client with such additional consulting services as may be reasonably requested, to the extend Consultant has both the expertise and legal right to render such services; and

        

        	
                	
                    e.     

                	
                    Assist in Filing via the Edgar system all required 10-Q’s and 10-K filings with the Securities and Exchange Commission on behalf of the Company; and

                

        

        	
                	
                    f.     

                	
                    Assist in analyzing and evaluating the business, operations and financial position of the company.

                

        

        

        	
                	
                    3.     

                	
                    Compensation. For undertaking this engagement, and for other good and valuable consideration, Client agrees to pay Consultant $220,000 within 1
                    day of the execution of this Agreement. 

                

        

        

        	
                	
                    4.     

                	
                    Expenses. Consultant agrees to pay for all of its own expenses, but not including extraordinary items which items shall be approved in advance
                    in writing by Client.

                

        

        

        	
                	
                    5.     

                	
                    Indemnification. Client warrants and represents that all oral communications, written documents or materials furnished to Consultant with respect to
                    financial affairs, operations, and strategic planning of the Client are accurate in all material respects and Consultant may rely upon the accuracy thereof without independent investigation.

                

        

        

        	
                	
                    6.     

                	
                    Status as Independent Contractor. Consultant’s engagement pursuant to this Agreement shall be as independent contractor, and not as an
                    employee, officer or other agent of the Client. Neither party to this Agreement shall represent or hold itself out to be the employer or employee of the other. Neither the Client nor the Consultant possesses the authority to bind each other in any agreements without the express written consent of the entity to
                    be bound.

                

        
            

        

        	
                	
                    7.     

                	
                    Attorney’s Fee. If any legal action or any arbitration or other proceeding is brought for the enforcement or interpretation of this Agreement, or because of an alleged dispute, breach, default or misrepresentation in
                    connection with or related to this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorney’s fees and other costs in connection with that action or proceeding, in addition to any other relief to which it or they may be entitled.

                

        

        

        	
                	
                    8.     

                	
                    Waiver. The waiver by either party of a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of
                    any subsequent breach by such other party.

                

        

        

        	
                	
                    9.     

                	
                    Notices. All notices, requests, and other communications hereunder shall be deemed to be duly given if sent by U.S. mail, postage prepaid, addressed
                    to the other party at the address provided to the other party.

                

        

        

        	
                	
                    10.     

                	
                    Amendment. No provision of this Agreement may be amended, modified, waived or discharged unless such amendment, waiver, modification or discharge is
                    agreed to in writing duly signed by the signatories to this Agreement. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.

                

        

        

        	
                	
                    11.     

                	
                    Entire Agreement. This Agreement constitutes the entire agreement between the parties, pertaining to the subject matter hereof, and supersedes all
                    prior or contemporaneous written or verbal agreements and understandings in connection with the subject matter hereof.

                

        

        

        	
                	
                    12.     

                	
                    Governing Law. This Agreement and the rights and obligations hereunder shall be governed by the laws of the State of Texas without regard to its
                    conflicts principles and the parties to this Agreement specifically consent to the jurisdiction of the courts of the State of Texas over any action arising out of or related to this Agreement.

                

        

        

        	
                	
                    13.     

                	
                    Severability. If any provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining
                    provisions shall, nevertheless, continue in full force and effect without being impaired or invalidated in any way.

                

        

        

        	
                	
                    14.     

                	
                    Survival. All covenants, agreements, representations and warranties made herein or otherwise made in writing by any party pursuant hereto shall
                    survive the termination of this Agreement.

                

        

        

        	
                	
                    15.     

                	
                    Counterparts. This Agreement may be executed by the parties in one or more counterparts, each of which when so executed shall be an original and all
                    such counterparts shall constitute one and the same instrument. Confirmation of execution by electronic transmission of a facsimile signature page shall be binding upon any party so confirming.

                

        

        

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

         

        

        Client:

        Assure Data, Inc.  

           

        By: /s/ Terry Harris

        Name: Terry Harris

        Title: President   

          

        

        Consultant:

        Halter Capital Corporation

        

        By: /s/ Kevin B. Halter

        Name: Kevin B. Halter

        Title: President

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