Document:

Unassociated Document

    

    Exhibit
      10.1

    INDEMNIFICATION
      AGREEMENT

    

    

    THIS
      INDEMNIFICATION AGREEMENT, dated as of the 21st day of February 2007
      (this "Agreement"), is made by iSECUREtrac Corp., a Delaware corporation
      (“iSECUREtrac")
      in
      favor of and for the benefit of AHK Leasing, LLC and its principals
      (collectively, the "Indemnitee").

     

     

    RECITALS

    

    WHEREAS,
      iSECUREtrac entered into a contract with the State of New Jersey, effective
      as
      of January 10, 2007, for tracking devices and more fully described in said
      Contract #A67256—Tracking Devices: Sex Offender Monitoring Pilot
      (the “Contract”); and

     

    WHEREAS,
      the State of New Jersey required that iSECUREtrac deliver a $500,000 performance
      bond to secure iSECUREtrac’s performance under the Contract; and

     

    WHEREAS,
      Indemnitee entered into a General Contract of Indemnity (the “Contract of
      Indemnity”) in favor of Travelers Casualty and Surety Company of America
      (“Travelers”) to facilitate delivery by Travelers of a performance bond in favor
      of the State of New Jersey;

     

    NOW,
      THEREFORE, in consideration of Indemnitee taking such action, iSECUREtrac hereby
      agrees as follows:

    

    1. Basic
      Indemnification Arrangement.
      iSECUREtrac will indemnify and hold harmless Indemnitee, to the fullest extent
      permitted by applicable laws in effect on the date hereof or as such laws may
      from time to time hereafter be amended to increase the scope of such permitted
      indemnification, against all loss, cost and expense (including attorneys’ fees)
      of whatever kind (collectively, “Expenses”) relating to, resulting from or
      arising out of any threatened, pending or completed claim, action, suit or
      proceeding relating to Indemnitee’s obligations under the Contract of Indemnity
      (collectively, a “Claim”).

     

    2. Guaranty
      Fee.
      In
      consideration of Indemnitee entering into the Contract of Indemnity, iSECUREtrac
      hereby agrees to pay Indemnitee a guaranty fee of $10,000. iSECUREtrac further
      acknowledges that it is responsible for all premiums and expenses relating
      to
      the Contract and performance bond.

     

    3. Non-Exclusivity,
      Etc. The
      indemnification provided by this Agreement shall not be deemed exclusive of
      any
      other rights to which Indemnitee may be entitled by law or under any other
      agreement.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    4. No
      Duplication of Payments.
      iSECUREtrac will not be liable under this Agreement to make any payment in
      connection with any indemnifiable loss made against Indemnitee to the extent
      Indemnitee has otherwise actually received payment (net of expenses incurred
      in
      connection therewith) under any insurance policy or otherwise of the amounts
      otherwise indemnifiable hereunder.

    

    5. Defense
      of Claims.
      Indemnitee shall promptly notify iSECUREtrac of any third-party Claim which
      may
      result in an indemnifiable loss. The failure by Indemnitee to notify iSECUREtrac
      of such Claim will not relieve iSECUREtrac from any liability hereunder unless,
      and only to the extent that, iSECUREtrac did not otherwise learn of the Claim
      and such failure results in forfeiture by iSECUREtrac of material defenses,
      rights or insurance coverage. iSECUREtrac will be entitled to participate in
      the
      defense of any Claim or to assume the defense thereof, with counsel chosen
      by
      iSECUREtrac which shall be reasonably satisfactory to Indemnitee. iSECUREtrac
      will not, without the prior written consent of Indemnitee, effect any settlement
      of any threatened or pending Claim which Indemnitee is or could have been a
      party unless such settlement solely involves the payment of money and includes
      an unconditional release of Indemnitee from all liability on any claims that
      are
      the subject matter of such Claim.

     

    6. Governing
      Law.
      The
      validity, interpretation, construction and performance of this Agreement will
      be
      governed by and construed in accordance with the substantive laws of the State
      of Nebraska, without giving effect to the principles of conflict of laws of
      such
      State. 

    

    [signature
      page follows]

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, iSECUREtrac has executed this Agreement as of the date first
      above written.

    

    

    
      	 	
              ISECURE
                TRAC CORP., a Delaware corporation

            
	 	 
	 	 
	 	
              By:
                /s/ David G. Vana

            
	 	
              Name:
                David G. Vana

            
	 	
              Title:
                Chief Financial Officer

            

    

    

    
      
         

      

      
        6Unassociated Document

    Exhibit
      10.1

    

    PARABOLIC

    12555
      High Bluff Drive, Ste 305

    San
      Diego, CA 92130

    Phone
      858-481-8818

    Fax
      858-481-1811

    

    

    CONSULTING
      AGREEMENT

     

    This
      agreement is made by and between FLAGSHIP GLOBAL HEALTH, INC., having its
      principal office at 220 W. 42nd
      Street,
      22nd
      Floor,
      New York, New York 10036 (hereinafter referred to
      as
      the
      “Company” or “Client”), and PARABOLIC, LLC having its
      principal
      office at 12555 High Bluff Drive,
      Suite 305, San Diego, California 92130 (the “Consultant”).

     

    In
      consideration of the mutual promises contained herein and on the terms and
      conditions hereinafter set forth, the Company and Consultant agree as
      follows:

     

    1.  
PROVISION
      OF SERVICES. Consultant
      will conduct a market management program for Flagship Global Health, Inc.
      (“FGHH”) for a total period of two (2) months following the receipt by
      Consultant of the compensation set forth in paragraph 2 hereunder. It is
      understood that Client is interested in introducing FGHH to the investment
      community. By this agreement, Client is retaining Consultant to engage in a
      market management campaign designed to publicize FGHH as set forth in the
      following paragraphs of this agreement.

     

    (A)  Consultant
      shall, to the extent reasonably required, develop and coordinate a program
      to
      increase public awareness of FGHH, particularly among the investment community,
      which program may include proprietary services to be rendered by the Consultant
      and/or third parties. Services provided by Consultant may include all or part
      of
      the following: email news release to a huge subscriber base comprised of
      investors, brokers, and financiers interested in small cap and micro-cap
      companies, networking, and other proprietary methods.

     

    Please
      courier an investor's package and any current press releases immediately
      to:

    

    Parabolic,
      LLC

    12555
      High Bluff
      Drive, Ste 305

    San
      Diego, CA
      92130

    858-481-8818

    

    (B)  Consultant
      shall use its best effort to perform under this agreement, and for this purpose
      consultant shall, at all times, maintain or keep and make available qualified
      persons or a network of qualified outside professionals for the performance
      of
      its obligations under this agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.  
COMPENSATION.

     

    (A)  The
      total
      cost for the Consultant's services is $100,000 (US Funds), as payment for the
      consulting agreement.

     

    (B)  Client
      understands and agrees that the compensation paid to Consultant is earned by
      Consultant upon receipt. The compensation paid to Consultant under this
      agreement is solely an inducement for Consultant to accept this engagement
      on
      Clients' behalf. Client further understands and agrees that the compensation
      paid to Consultant is not returnable or refundable under any circumstances,
      including any claim made by Client that the services contracted for were not
      performed or were not of value sufficient to warrant the compensation paid
      to
      Consultant.

     

    3.  
LIABILITY;
      INDEMNIFICATION.

     

    (A)  The
      Company shall indemnify, save harmless and defend Consultant and its officers,
      directors,
      employees and agents from, against and in respect of any loss, damage,
      liability, judgment,
      cost or
      expense whatsoever, including counsel fees, suffered or incurred by it or him
      by
      reason of, or on
      account of, its status or activities as a consultant to the Company hereunder
      (and, in the case of the Observer,
      his participation in meetings of the Board of Directors of the Company), except
      for any loss,
      damage,
      liability, judgment, cost or expense resulting from willful malfeasance, bad
      faith or gross negligence in the performance of Consultant's duties
      hereunder.

     

    (B)  Consultant
      shall indemnify, save harmless and defend the Company and its officers,
      directors, employees and agents from, against and in respect of any loss,
      damage, liability, judgment, cost or expense whatsoever, including counsel
      fees, suffered
      or incurred by it or him by reason of, or on account of, willful malfeasance,
      bad faith or gross negligence in the performance of Consultant's duties
      hereunder.

     

    4.  
STATUS
      OF CONSULTANT. Consultant
      shall at all time be an independent contractor of the Company and, except as
      expressly
      provided or authorized by this agreement, shall have no authority to act for
      or
      represent the
      Company.
      The Company acknowledges that the Consultant may, from time to time, subcontract
      the performance
      of certain of its services hereunder to third parties, in which event the
      Consultant shall be
      responsible for the timely and professional performance of such services as
      if
      the Consultant had provided same.

     

    5.  
OTHER
      ACTIVITIES OF CONSULTANT. The
      Company recognizes that Consultant now renders and may continue to render
management
      and other services to other companies, which may or may not have policies and
      conduct
      activities similar to those of the Company. Consultant shall be free to render
      such advice and other services and the Company hereby consents thereto.
      Consultant shall not be required to devote its full time
      and
      attention to the performance of its duties under this agreement, but shall
      devote only so much
      of its
      time and attention as it deems reasonable or necessary for such
      purposes.

     

    6.  
TERMS.

     

    (A)  Consulting
      agreement will become effective upon receipt of signed contract and
      payment.

     

    (B)  FGHH
      hereby authorizes and agrees to allow Contractor or third parties to republish
      any and all of its press releases.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    7.  
IN
      GENERAL. This
      agreement sets forth the entire agreement and understanding between the parties
      with respect to its subject matter and supersedes all prior discussions,
      agreements and understandings of any nature between them with respect thereto.
      This agreement shall be governed by and construed in accordance with the laws
      of
      the State of California applicable to agreements made to be performed entirely
      within such State.

     

    8.  
The
      terms
      and conditions as set forth in your e-mail to Flagship Global Health, Inc.,
      dated February 16, 2007 at 2:49 p.m. are incorporated herein and made a part
      of
      this Consulting agreement. 

     

    IN
      WITNESS WHEREOF, the parties have caused this agreement to be signed by their
      respective officers or representatives duly authorized on this 16th
      day of
      February, 2007.

     

    

    

    
      	 	 	/s/ Adam G.
              Gillman                        
              
	 	 	Parabolic, LLC 
	 	 	 
	 	 	Client: 
	 	 	 
	 	 	Flagship Global Health,
              Inc. 
	 	 	 
	 	 	By:  /s/
              Fred F.
              Nazem                   
               
	 	 	Fred F.
              Nazem                                 
               
	 	 	Printed
              Name

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