Document:

exhibit10one.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    CONSULTING
AGREEMENT

     

    

     

    This
agreement (“Agreement”) is made by and between Gulf Onshore, Inc., having its
principal office at 4310 Wiley Post Road, Suite 210, Addison, TX 75001
(hereinafter referred to as “Company”), and Parabolic, LLC having its
principal office at 12555 High Bluff Drive, Suite 305, San Diego,
CA  92130 (hereinafter referred to as “Consultant”).

     

    In
consideration of the mutual promises contained herein and on the terms and
conditions hereinafter set forth, the Company and Consultant (collectively, the
“Parties”) agree as follows:

     

    1.      Services.

     

    1.1.   
Consultant
will conduct an investor awareness program for Company for a minimum of three
(3) months following the receipt by Consultant of the Compensation set forth in
paragraph 2 hereunder.  It is understood that the Company is
interested in increasing the public awareness of Company.  By this
Agreement, Company is retaining Consultant to engage in an investor awareness
program designed to increase the public awareness of Company as set forth in the
following paragraph of this Agreement:

     

    1.2.   
Consultant
shall, to the extent reasonably required, develop and implement a program to
increase the public awareness of Company, which program shall include services
to be rendered by Consultant and/or third parties hired by Consultant, including
the following:

     

    1.2.1.  design of
an exclusive custom-designed full page website stock profile for
Company;

     

    1.2.2.  minimum
of 300,000 target visits to Company stock profile(s).

     

    1.2.3.  minimum
of 300,000 solicited page loads to the stock profile(s) and/or to breaking news
releases of Company at Consultant’s discretion.

     

    1.2.4.  minimum
of three (3) emails to members of Consultant’s small cap website (one email of
the profile link and two or more emails with news);

     

    1.2.5.  in
addition, Consultant may but is not required to include Company on other stock
profile website(s) at Consultant’s discretion.  Other services may but
are not required to be provided, including but not limited to press release
re-distribution by Consultant or third parties at Consultant’s discretion
without notice.

     

    1.3.   
Company
understands that if they are not 100% satisfied, for any reason whatsoever,
Consultant agrees to provide an additional campaign consisting of the same
number of targeted visits and solicited page loads as the first
campaign.

     

    2.     
Compensation.

     

    2.1.   
The total
cost for the Consultant’s services as outlined in paragraph 1, above, is $75,000
USD, or Consultant will accept 80,000 shares of restricted Gulf Onshore, Inc.
(GFON) stock (number of shares calculated at the bid price of $1.60), as
compensation for this Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.2.   
Company
understands and agrees that all stock issued to Consultant as Compensation for
this Agreement is earned immediately upon issuance and such shares can not be
canceled, nor the transfer or issuance of such shares stopped or hindered by
Company for any reason whatsoever at any time in the future. Company further
understands and agrees that there are no oral or written agreements or
understandings whatsoever, implied or otherwise, between Company and Consultant,
which would require Consultant to adhere to special guidelines or restrictions
when selling any stock received as Compensation, if applicable.

     

    2.3.   
Company
understands and agrees that Consultant may elect to transfer all or part of any
restricted stock received from Company to a third party for any reason
whatsoever and at any time in the future, and if Consultant so elects, Company
will immediately help facilitate such transfer by issuing a letter to the
transfer agent authorizing such transfer of Consultant’s stock in the Company,
and a copy of such letter shall be sent to Consultant via email, fax and U.S.
mail immediately.

     

    2.4.   
Both
Company and Consultant understand and agree that the Compensation described
above is due immediately upon Company’s execution of this Agreement, and that
services will begin promptly once the Compensation is transferred to and
received by Consultant, and not before, and in the case of Compensation paid in
free trading shares, once such shares are free and clear in Consultant’s
account, and not before.  Any services rendered by Consultant prior to
such transfer and receipt shall be deemed a courtesy and shall not be a waiver
of Consultant’s right to immediate payment of the
Compensation.  Company’s request or attempt to terminate this
Agreement shall not excuse Company’s obligation to pay Compensation to
Consultant.

     

    2.5.   
Company
attests that any shares issued to Consultant were not issued in violation of any
securities or other law or regulation of any kind.

     

    3.     
Indemnification.  Company
will protect, indemnify, defend (with legal counsel selected by Consultant) and
hold harmless Consultant and its affiliated persons or entities from any loss,
liability, claim, damage, expense (including costs of investigation and defense
and reasonable attorneys’ fees and expenses) arising out of or in connection
with a third-party claim of any kind against Consultant or its affiliated
persons or entities concerning any transaction in which Consultant participates
as a result of or relating in any way to this Agreement, including without
limitation Consultant’s participation in meetings of the Board of Directors of
the Company. 

     

    4.     
Liability.  In
no event shall Consultant or its affiliated persons or entities be liable to
Company or its affiliated persons or entities for any special, consequential,
indirect, incidental or punitive damages or lost profits, however caused and on
any theory of liability (including negligence and strict liability) arising in
any way out of this Agreement, whether or not Consultant or Company has been
advised of the possibility of such damages.

     

    5.     
Attorney
Fees.  In any litigation or other proceeding by which one party
either seeks to enforce its rights under this Agreement (whether in contract,
tort, or both) or seeks a declaration of any rights or obligations under this
Agreement, the prevailing party shall be entitled to recover from the other
party all actual attorney’s fees, expenses, and costs incurred in good faith by
the prevailing party.  The term “prevailing party” shall include any
party who engages counsel and subsequently obtains substantially the result
sought, whether by compromise, settlement, or judgment.

     

    
      
         

      

      
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    6.     
Other
Activities.  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, and shall have
no obligation to procure or generate a minimum amount of business, revenues,
trading volume, or share price increase for Company or its affiliated entities
or persons.

     

    7.     
Representations and
Warranties.  Company represents and warrants to Consultant as
follows:

     

    7.1.   
Company
has full power and authority to execute this Agreement and to perform all of its
obligations hereunder.

     

    7.2.   
This
Agreement has been duly executed by Company and is a legal and binding agreement
of Company enforceable against Company in accordance with its
terms.

     

    8.     
Piggy-Back Registration
Rights.  The Company agrees that if it proposes to register its
stock or other securities under the Securities Act of 1933, as amended (the
“Securities Act”), including a registration effected by the Company for
shareholders, the Company shall, at such time, promptly give Consultant written
notice of such registration.  Upon the written request of Consultant
given within twenty (20) days after mailing of such notice buy the Company, the
Company shall cause to register under the Securities Act, at Company’s expense,
all restricted shares of the Consultant, or Consultant’s designees or
transferees, requested by the Consultant to be registered.

     

    9.     
Rule 144
Cooperation.  Notwithstanding the provisions set forth above
under the section labeled Piggy-Back Registration rights, if Consultant elects
to sell any of its stock or other securities in the Company pursuant to the
provisions of Rule 144 under the Securities Act, and provided the Consultant has
complied with the provisions of Rule 144, the Company, at the Company’s expense,
will instruct its securities counsel to issue an opinion letter for delivery to
the Company’s transfer agent authorizing Consultant’s sale of its stock or other
securities in the Company pursuant to Rule 144, and, in the foregoing
regard, Company agrees that it shall timely file with the Securities and
Exchange Commission (the “Commission”) all reports required to be filed by the
Company pursuant to the Securities and Exchange Act of 1934, as amended, for so
long as Consultant remains a shareholder of the Company.  A copy of
the Rule 144 opinion letter shall be sent to Consultant via fax and U.S.
mail.

     

    10.    
Anti-Dilution
Provisions.  The Company agrees that it will not cause
Consultant to suffer any dilution of its percentage ownership of Company’s
shares as a result of any restructuring of the Company’s stock through reverse
share splits corresponding or followed with a share issuance.  Should
Company conduct a reverse share split and corresponding or following issuance of
shares, Consultant will be issued shares so as not to cause Consultant to suffer
any dilution of its percentage ownership.

     

    11.        
 Notice.

     

      All
notices, demands and other communications given or delivered under this
Agreement shall be in writing and shall be deemed to have been given when
personally

     

    
      
         

      

      
         
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    delivered,
mailed by first class mail, return receipt requested, or delivered by express
courier service or emailed or sent via facsimile with hard copy to
follow.

     

    If to
Consultant:                                    Parabolic,
LLC

    12555
High Bluff Drive, Ste 305

    San
Diego, California 92130

    Attention:
Lauren Fishman

    Telephone:  858-481-8818

    Facsimile:
858-481-1811

    E-mail:
lauren@parabolicllc.com

    

    If to
Company:                                      ________________________________

    ________________________________

    ________________________________

    Attention:
________________________

    Telephone:  _______________________

    Facsimile:
________________________

    E-mail:
__________________________

    

    12.     Confidentiality.  Company
agrees not to directly or indirectly disclose to any other person or entity any
of the terms of this Consulting Agreement, including but not limited to the fact
that Consultant accepted Restricted Shares as compensation for this Agreement
(collectively, the “Terms”).  Company hereby agrees to safeguard such
Terms at all times so that they are not exposed to, or taken by, any
unauthorized person. Company agrees to use Company’s best efforts to assure safe
keeping of all Trade Secrets. Company will make no announcement of this
Agreement and, if it is necessary to report the relationship created by this
Agreement in an SEC filing and/or Press Release, that such filing shall not
state that such shares are restricted, unless the laws are such that it must
state this fact.

     

    13.     Termination and
Survival.

     

    13.1.   
This
Agreement will become effective (“Effective Date”) upon Consultant’s receipt of
signed contract and Compensation, and will terminate upon completion of all
Services to be performed by Consultant.

     

    13.2.   
The terms
and conditions of paragraphs 2 through 12 shall survive termination of this
Agreement.

     

    14.     General
Provisions.

     

    14.1.   
Headings. The
headings in this Agreement are for convenience only and shall not be considered
a part of or affect the construction or interpretation of any provision of this
Agreement.

     

    14.2.   
Severability.  If
a court of competent jurisdiction holds any provision of this Agreement to be
illegal, unenforceable, or invalid in whole or in part for any reason, the
validity and enforceability of the remaining provisions, or portions of them,
will not be affected.

     

    14.3.   
Relationship of
Parties. Nothing in this Agreement shall be deemed or construed by the
parties or any third party as creating the relationship of principal and agent,
partnership or joint venture between the parties.

     

    
      
         
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    14.4.   Entire Agreement.
This Agreement constitutes the entire agreement between the Parties pertaining
to the subject matter of this Agreement, and any and all other written or oral
agreements existing between the Parties before the Effective Date of this
Agreement with respect to the subject matter of this Agreement are expressly
cancelled.

     

    14.5.   Modification of
Agreement.  This Agreement may be supplemented, amended, or
modified only by the mutual agreement of the Parties.  No supplement,
amendment, or modification of this Agreement shall be binding unless it is in
writing and signed by all Parties.

     

    14.6.   Binding
Effect.  Subject to any restrictions on assignment contained in
this Agreement, this Agreement shall be binding upon and inure to the benefit of
the Parties hereto and their respective heirs, representatives, successors, and
assigns.

     

    14.7.   Nonwaiver.  Any
failure by any Party to enforce any part of this Agreement shall not be deemed a
waiver by such Party of its right to enforce this Agreement according to its
terms and applicable law.  No waiver of any breach, failure of any
condition, or any right or remedy contained in or granted by the provisions of
this Agreement shall be effective unless it is in writing and signed by the
party waiving the breach, failure, right, or remedy.  No waiver of any
breach, failure, right, or remedy shall be deemed a waiver of any other breach,
failure, right, or remedy, whether or not similar, nor shall any waiver
constitute a continuing waiver unless the writing so specifies.

     

    14.8.   No
Assignment.  Neither Party to this Agreement may assign any of
its rights or delegate any of its duties under this Agreement without the prior
written consent of the other party to this Agreement, which consent may not be
unreasonably withheld.

     

    14.9.   Counterparts.  This
Agreement may be executed in several counterparts, all of which taken together
shall constitute one instrument.  A signature of a party delivered by
telecopy or other electronic communication shall constitute an original
signature of such party.

     

    14.10.   Governing
Law.  This Agreement shall be governed by and construed in
accordance with the laws of the State of California, excluding its conflict of
laws rules.  The Parties agree that a substantial amount of services
under the Agreement will be performed in San Diego County, and hereby submit to,
and waive any objection to, the jurisdiction of California and the venue of San
Diego County for the purposes of any litigation arising out of or relating to
this Agreement.

     

    

     

    [SIGNATURE
PAGE FOLLOWS]

     

     

     

     

    
      
        
        

      

      
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    IN
WITNESS WHEREOF, The parties have caused this agreement to be signed by their
respective officers or representatives duly authorized on this _____ day of
__________, 2008.

     

    

    COMPANY

    

    _______________________

    _______________________

    

    

    By:
_____________________

    Name:
__________________

    Title:
___________________

    

    

    CONSULTANT

    

    _______________________

    

    

    By:
_____________________

    Name:
__________________

    Title:
___________________

    

    
      
         

      

      
         
6ex_10-1.htm

    
      

      

    

    Exhibit
10.1

     

     

    
      MEMORANDUM OF AGREEMENT OF SALE OF
ASSETS  made and entered into in the City and District of
Montreal, Province of Quebec, with an effective date of february 15,
2008;

       

      
        	
                BY
      AND BETWEEN :

              	
                9191-4200 QUEBEC INC.,
      legal person, duly incorporated according to law, having its head office
      500 St-Martin Blvd, suite 500, City of Laval, Province of Quebec, herein
      represented by Gilles Poliquin, duly authorized as he so
      declares;

              

      

      

      Hereinafter
collectively referred to as the:

      

      [[  “VENDOR”  ]]

      

      
        	
                AND
      :

              	
                TELIPHONE INC., legal
      person, duly incorporated according to law, having its head office at 194
      St-Paul west, suite 303, in the City and District of Montreal, Province of
      Quebec, herein represented by George Metrakos, duly authorized as she so
      declares;

              

      

      

      Hereinafter
referred to as the:

      

      [[  “PURCHASER”  ]]

      

      
        	
                AND
      :

              	
                9151-4877 QUEBEC INC.,
      legal person, doing business as “DIALEK TELECOM” duly
      incorporated according to law, having its head office at 175 Chemin Bates,
      Suite 201 in the City and District of Montreal, Province of Quebec, herein
      represented by Gilles Poliquin, duly authorized as he so
      declares;

              

      

      

      Hereinafter
referred to as the:

      

      [[  “COMPANY”  ]]

      

       

      WHEREAS the VENDOR is the registered
holder and beneficial owner of all of the issued and outstanding capital stock
{hereinafter referred to as the “SHARES”} of the COMPANY.

       

      WHEREAS  the VENDOR is desirous of selling
unto the PURCHASER,
hereto present and accepting, certain assets and liabilities as presented in
schedule A {hereinafter referred to as the “ASSETS”} of COMPANY, the whole for a price
and subject to the terms and conditions mutually agreed upon by and between the
Parties hereto, and as hereinafter set forth.

       

      
        
          
          

        

        
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      NOW
THEREFORE, THE PARTIES HERETO HAVE AGREED AS FOLLOWS:

      

      1.  PREAMBLE

      

      1.01                      THAT the preamble hereto shall
form an integral part hereof as if recited herein at length;

      

      2.  SALE  OF  ASSETS

      

      2.01                      THAT the VENDOR does hereby sell,
transfer, assign, and make over unto the PURCHASER hereto present and
accepting, the said ASSETS, the whole under the
terms and conditions hereinafter set forth.

      

      3.  PURCHASE  PRICE
AND PAYMENT

      

      3.01                      THAT consideration for the
sale of VENDOR's right,
title and interest in and to the said ASSETS (the “PURCHASE PRICE”) is THREE
HUNDRED AND EIGHTY-THREE THOUSAND, FOUR HUNDRED AND SIXTY FOUR CANADIAN DOLLARS
{$383,464} as per the
payment plan described in Schedule B attached herein.

      

      3.02                      THAT VENDOR renders to PURCHASER’s disposal an
operating line of credit of ONE HUNDRED AND FIFTY THOUSAND CANADIAN DOLLARS
{$150,000.00} at an
annualized interest rate of 18%.

      

      4. 
VENDOR'S  WARRANTIES

      

      4.01                      THAT VENDOR hereby makes and
extends the following representations, warranties and covenants, all of which
are essential to this Agreement, and without which this Agreement would not have
been made:

      

      
        	
                (a)  

              	
                the
      VENDOR is a
      resident in Canada within the meaning of the Income Tax Act (COMPANY) and
      the Quebec Taxation Act;

              

      

      

      
        	
                (b)  

              	
                the
      SHARES have been
      validly allotted and issued by COMPANY and are fully
      paid and non-assessable;

              

      

      

      
        
          
          

        

        
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                (c)  

              	
                the
      SHARES are the
      property of the VENDOR and the VENDOR has the complete
      and exclusive right and authority to sell, transfer, assign and deliver
      the ASSETS to the
      PURCHASER, which
      shall acquire good, marketable and incontestable title to the ASSETS;

              

      

      

      
        	
                (d)  

              	
                the
      SHARES are free
      and clear from and of any third party liens, encumbrances, security
      interests, pledges, charges, rights or claims of any nature
      whatsoever;

              

      

      

      
        	
                (e)  

              	
                there
      are no loans or any other amounts whatsoever owing by COMPANY to the VENDOR or any related
      person [as that term is defined in the Income Tax Act
      (Canada)];

              

      

      

      
        	
                (f)  

              	
                there
      are no liabilities of COMPANY that have not
      been recorded in the books and records of COMPANY and are known to
      the VENDOR and are
      not known to the PURCHASER the whole as
      appears more fully from a List of Liabilities attached herewith as
      Schedule "A" to avail as if more fully set forth herein at
      length;

              

      

      

      
        	
                (g)  

              	
                the
      ASSETS of COMPANY are not subject
      to any lien, charge, security, pledge, hypothec or any other encumbrance
      of any nature, kind or description whatsoever, which have not been
      disclosed to PURCHASER;

              

      

      

      
        	
                (h)  

              	
                that
      COMPANY has not
      entered into any agreement or option to dispose of, alienate, pledge,
      hypothecate, sell, assign, transfer, make over, or otherwise encumber any
      asset of COMPANY,
      of any kind, nature or description
whatsoever;

              

      

      

      
        	
                (i)  

              	
                COMPANY has timely filed
      all tax returns required to be filed by it and has paid all taxes which
      are due and payable and has paid all assessments and reassessments, and
      all other taxes, governmental charges, penalties, interest and fines due
      and payable by it on or before the date hereof; to the best of VENDOR's knowledge,
      there are no agreements, waivers or other arrangements providing for an
      extension of time with respect to the filing of any tax return or payment
      of any tax, governmental charge or deficiency against COMPANY; to the best of
      the VENDOR's
      knowledge, there are no actions, suits, proceedings, investigations, or
      claims now threatened or pending against COMPANY in respect of
      taxes, governmental charges or assessments, or any matters under
      discussion with any governmental authority relating to taxes, governmental
      charges or assessments asserted by any such authority; COMPANY has withheld
      from each payment made to any of their officers, directors, former
      directors and employees the amount of all taxes, including but not limited
      to income tax and other deductions required to be withheld there from in
      accordance with the Financial Statements of COMPANY and has paid the
      same to the proper tax or other receiving
  officers;

              

      

       

      
        
          
          

        

        
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                (j)  

              	
                COMPANY is not a party
      to or bound by any agreement of guarantee, indemnification, assumption or
      endorsement or any other like commitment of the obligations, liabilities
      or indebtedness of any other person, firm or
  corporation;

              

      

       

      
        
          	
                  (l)  

                	
                  
                    that
      to its knowledge and belief, there is no claim, action, injunction,
      expropriation, labour dispute, arbitration, legal or other proceeding or
      claim of any kind or nature against the VENDOR or COMPANY or with respect
      to the business or the assets of COMPANY, either
      existing, pending, or to the knowledge of the VENDOR, threatened;
      and

                  

                

        

        
           

          
            	
                    (m)  

                  	
                    
                      the
      corporate records and minute books of COMPANY, contain
      complete and accurate minutes of all meetings of the directors and
      shareholders of COMPANY held since the
      incorporation of COMPANY, all such
      meetings were duly called and held, the share certificate books, register
      of directors of COMPANY are complete and
      accurate.

                    

                  

          

           

        

      

      VENDOR’S UNDERTAKINGS RE:
TAX ASSESSMENT

      

      4.02                      THAT subject to the
limitations hereinafter set forth, the VENDOR hereby undertakes to
indemnify and save harmless, PURCHASER from and against any
and all liability or loss to which either one of them may be subject arising or
resulting from any assessment or reassessment by the Department of National
Revenue, Government of Canada, or the Minister of Revenue, Government of Quebec,
or by such other taxing authority of the Government of Canada or the Government
of Quebec respecting any income tax, sales tax, property tax, excise tax,
license fees, business tax or other duties of any nature whatsoever connected
with the business conducted, income generated, assets or inventory held, or
expenses claimed by either COMPANY or the COMPANY at any time prior to
the date hereof.  The amount of the liability or loss to which the
present indemnity relates, includes all penalties and interest charged in
connection with the said assessment or reas­sessment as well as all
reasonable professional fees, charges, or expenses incurred in investigating or
contesting any such assessment provided that such professional fees, charges, or
expenses are incurred at the behest of the VENDOR.  The VENDOR shall be entitled to
cause each or all of the Parties hereunder indemnified to exercise all rights of
objections or appeal available under the relevant taxing statute with regard to
any assessment or reassessment in respect of which a claim has been made under
this indemnity and to prosecute such proceedings with due diligence, the whole
on the condition that the full amount of the claim so made shall have first been
advanced "In Trust" to VENDOR's
counsel.  Any such indemnity as aforesaid shall be paid to the PURCHASER.  The
PURCHASER hereby
expressly agrees that the obligation of the VENDOR to indemnify and save
harmless the PURCHASER,
shall only be to the extent of the VENDOR's interest in COMPANY (in the aggregate,
where applicable) at the time the cause giving rise to such claim
occurred.

       

      
        
          
          

        

        
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      LEGALITY  OF  OPERATION

      

      4.03                      THAT the VENDOR warrants that it has
not received any notice of violation of any municipal, provincial or federal
by-law, laws or regulations, and/or any provincial, municipal or federal
environmental statutes in connection with the carrying on of the business in
COMPANY's current
premises.

      

      CROWN  LIENS

      

      4.04                      THAT the VENDOR warrants that to the
best of its knowledge there are no hypothecs, prior claims or security
interests, in favour of a municipal or governmental authority resulting from the
non-payment of assessment or taxes, with regard to COMPANY, or for any other
reason whatsoever.

      

      ACCOUNTS  and  RECORDS

      

      4.05                      THAT COMPANY has maintained up
to the date hereof, all books of accounts and financial records, which shall
remain with COMPANY, and
which the PURCHASER has
examined and has declared itself totally satisfied therewith.

      

      LIABILITIES

      

      4.06                      THAT the PURCHASER hereby acknowledges
that the COMPANY owes
its creditors the approximate amount of One Hundred Thousand Dollars
($140,000.00), and accordingly shall cause the COMPANY to discharge and pay
the aforesaid liabilities without any indemnification, and/or compensation with
respect to the VENDOR.

      

      NO MATERIALLY ADVERSE
UNDISCLOSED FACTS

      

      4.07                      THAT there is no state of
facts known to the VENDOR which have not
previously been disclosed to the PURCHASER which may materially
adversely affect COMPANY
or business, or which should be disclosed to the PURCHASER in order to make any
of the warranties and representations herein not misleading and no state of
facts is known to the VENDOR which may materially
adversely affect COMPANY
or would operate to prevent COMPANY from continuing to
carry on the business in the manner in which it was carried on as of the date
hereof.

      

      4.08                      THAT the representations and
warranties contained in this Agreement or in connection with this transaction
are truthful and complete.

       

      
        
          
          

        

        
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      5.  RESTRICTIVE  CONVENANT

      

      5.01                      VENDOR covenants and undertake
that he directly or indirectly shall not, for a two (2) year period commencing
from the date hereof either individually or in partnership or jointly or in
conjunction with any person or persons, firm, association, syndicate, company or
corporation, as principal, agent, trustee, shareholder, employee or consultant,
or in any manner whatsoever, whether directly or indirectly, carry on or be
engaged in or concerned with or interested in, or advise, lend money to
guarantee the debts or obligations of, or permit his name or any part thereof to
be used or employed by or associated with, any person or persons, firm,
association, syndicate, company or corporation engaged in or concerned with or
interested in, any business which solicits the clients of the COMPANY;

      

      5.02                      In
the event of a breach of any of the aforementioned covenants and undertakings in
Section 5 hereof, PURCHASER shall be entitled to
injunctive relief to prevent any continued or future violation in addition to
such other recourses as may be available by law or pursuant to the terms of this
Agreement;

      

      5.03                      This
restrictive covenant shall be declared to be separate and distinct from the rest
of this Agreement and in the event that it is determined to be void or
unenforceable in whole or in part, such determination shall not affect or impair
the validity of any other covenant or section in this Agreement;

      

      6.  NOTICE

      

      6.01                      THAT all notices, requests,
demands or other communications in connection herewith shall be in writing with
specific reference to this agreement and shall be deemed to have been duly
delivered when mailed by registered mail or delivered by hand as
follows:

       

      
        
          	
                  If
      to the VENDOR:

                	
                  MR. GILLES
      POLIQUIN

                

        

        500
St-Martin blvd, suite 550

        Laval,
Quebec  H7M 3Y2 CANADA

        
           

          
            
              	
                      
                        If
      to the PURCHASER:

                      

                    	
                      
                        MR. GEORGE
      METRAKOS

                      

                    

            

          

        

        
        

        194
St-Paul west, suite 303

        Montreal,
Quebec H2Y 1Z8 CANADA

        

        
          	
                  If
      to COMPANY:

                	
                  9151-4877 CANADA
      INC.

                

        

        175
Chemin Bates, Suite 201

        Montreal,
Quebec, H3S 1A1 CANADA

        Attention: Mr. Gilles
Poliquin

         

      

      or to
such other address or addresses as any party may from time to time specify by a
notice to be given to the other parties for such purpose in
writing.

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      

      7.  MISCELLANEOUS

      

      7.01                      THAT this Agreement expresses
the current agreement between the Parties hereto in respect of all matters
herein and its execution has not been induced by, nor do any of the Parties
hereto rely upon or regard as material any representations or promises
whatsoever not incorporated herein or made a part hereof, and it shall not be
altered, amended or qualified except by memorandum in writing, signed by each of
the Parties hereto, and any alteration, amendment or qualification thereof shall
be null and void and shall not be binding upon any such Party unless made as
aforesaid.

      

      7.02                      THAT each section and every
provision of every subsection of this Agreement is and shall be independent of
the other and in the event that any part of this Agreement is declared invalid,
illegal or unenforceable, then the remaining terms, clauses, and provisions of
this Agreement shall not be affected by such declaration and all of the
remaining provisions of this Agreement shall remain valid, binding and
enforceable.

      

      7.03                      THAT unless otherwise
indicated by the context, the singular number shall include the plural and vice
versa, the masculine gender shall include the feminine gender, and vice versa,
and where applicable to firms, companies or corporations, the
neuter.

      

      7.04                      THAT if the expiry of any
delay provided for in this Agreement falls on a non-juridical day (as defined in
the Quebec Code of Civil Procedure), the delay is extended to the next following
juridical day.

      

      7.05                      THAT each of the Parties
hereto shall, from time to time and without further consideration, execute and
deliver such other instruments of transfer, conveyance and assignment and take
such further action as the other may reasonably require to more effectively
complete any matter provided for herein.

      

      7.06                      THAT this Agreement shall be
binding upon the Parties hereto and their respective successors, heirs, assigns
and legal representatives.

      

      7.07                      THAT the Parties hereby
declare that their representations herein are disclosed and divulged in good
faith.

      

      7.08                      THAT the Parties hereto shall
pay their own professional fees with respect to the preparation of these
Agreements.

      

      7.09                      THAT this Agreement shall be
governed by and interpreted in accordance with the laws of the Province of
Quebec.

      

      8.  LANGUAGE

      

      8.01                      THAT the Parties acknowledge
that they have requested and consented that this Agreement and all documents,
notices, correspondence and legal proceedings consequent upon, ancillary or
relating directly or indirectly hereto, forming part hereof or resulting here
from, be
drawn  up  in  English.   Les  parties  reconnaissent  qu'elles  ont  exigé  et  consenti  à  ce  que  cette
convention ainsi que tous documents, avis, correspondance et procédures légales
consécutifs à, ayant directement ou indirectement trait avec, faisant partie ou
découlant de cette convention, seraient rédigés en anglais.

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      

      IN WITNESS WHEREOF, THE PARTIES HERETO HAVE
EXECUTED THIS AGREEMENT AS OF THE DATE AND AT THE PLACE FIRST HEREINABOVE
MENTIONED.

       

      
        
          	 	 	 	 	 
	
                   

                	 	 	
                  /s/
      Gilles Poliquin

                	 
	
                   

                	 	 	
                  GILLES
      POLIQUIN

                	 
	
                   

                	 	 	
                  [[  VENDOR  ]]

                	 

        

      

       

      
        
          	
                   

                	 	 	
                  /s/
      George Metrakos

                	 
	
                   

                	 	Per :	
                  GEORGE
      METRAKOS

                	 
	
                   

                	 	 	
                  [[  PURCHASER  ]]

                	 

        

         

      

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      S C H E D U L
E   A

      

      List of
Assets

      Active
Customer Base totaling in and around 2,000 clients.

      Accounts
Receivable

      Cash in
Bank

      

      List of
Liabilities

      Various
suppliers

      Government
Source Deductions

      

      Difference
between Assets and Liabilities:        CDN$177,172

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      

      S C H E D U L
E   B

      

      PAYMENT
METHOD

      

      VENDOR accepts a revenue
buy-out payment method which will pay an annual rate of interest of 15% on the
unpaid portion of the balance owing, following the amortization schedule
below.

      

      The
resulting minimum payment due by PURCHASER is $9,992 per
month.

      

      PURCHASER reserves the right
to pay the entire balance of the principle amount at any time at its discretion
as stipulated in Schedule C, column “Beginning Balance”.

      

      
        	
                No.

              	
                Payment
      Date

              	
                Beginning
      Balance

              	
                Payment

              	
                Principal

              	
                Interest

              	
                Ending
      Balance

              
	
                1

              	
                29/02/2008

              	
                 $    383,464.00

              	
                 $      9,992.01

              	
                 $     5,198.71

              	
                 $     4,793.30

              	
                 $  378,265.29

              
	
                2

              	
                29/03/2008

              	
                378,265.29

              	
                9,992.01

              	
                5,263.70

              	
                4,728.32

              	
                373,001.59

              
	
                3

              	
                29/04/2008

              	
                373,001.59

              	
                9,992.01

              	
                5,329.49

              	
                4,662.52

              	
                367,672.09

              
	
                4

              	
                29/05/2008

              	
                367,672.09

              	
                9,992.01

              	
                5,396.11

              	
                4,595.90

              	
                362,275.98

              
	
                5

              	
                29/06/2008

              	
                362,275.98

              	
                9,992.01

              	
                5,463.56

              	
                4,528.45

              	
                356,812.42

              
	
                6

              	
                29/07/2008

              	
                356,812.42

              	
                9,992.01

              	
                5,531.86

              	
                4,460.16

              	
                351,280.56

              
	
                7

              	
                29/08/2008

              	
                351,280.56

              	
                9,992.01

              	
                5,601.01

              	
                4,391.01

              	
                345,679.55

              
	
                8

              	
                29/09/2008

              	
                345,679.55

              	
                9,992.01

              	
                5,671.02

              	
                4,320.99

              	
                340,008.53

              
	
                9

              	
                29/10/2008

              	
                340,008.53

              	
                9,992.01

              	
                5,741.91

              	
                4,250.11

              	
                334,266.62

              
	
                10

              	
                29/11/2008

              	
                334,266.62

              	
                9,992.01

              	
                5,813.68

              	
                4,178.33

              	
                328,452.94

              
	
                11

              	
                29/12/2008

              	
                328,452.94

              	
                9,992.01

              	
                5,886.35

              	
                4,105.66

              	
                322,566.59

              
	
                12

              	
                29/01/2009

              	
                322,566.59

              	
                9,992.01

              	
                5,959.93

              	
                4,032.08

              	
                316,606.66

              
	
                13

              	
                01/03/2009

              	
                316,606.66

              	
                9,992.01

              	
                6,034.43

              	
                3,957.58

              	
                310,572.22

              
	
                14

              	
                29/03/2009

              	
                310,572.22

              	
                9,992.01

              	
                6,109.86

              	
                3,882.15

              	
                304,462.36

              
	
                15

              	
                29/04/2009

              	
                304,462.36

              	
                9,992.01

              	
                6,186.23

              	
                3,805.78

              	
                298,276.13

              
	
                16

              	
                29/05/2009

              	
                298,276.13

              	
                9,992.01

              	
                6,263.56

              	
                3,728.45

              	
                292,012.57

              
	
                17

              	
                29/06/2009

              	
                292,012.57

              	
                9,992.01

              	
                6,341.86

              	
                3,650.16

              	
                285,670.71

              
	
                18

              	
                29/07/2009

              	
                285,670.71

              	
                9,992.01

              	
                6,421.13

              	
                3,570.88

              	
                279,249.58

              
	
                19

              	
                29/08/2009

              	
                279,249.58

              	
                9,992.01

              	
                6,501.39

              	
                3,490.62

              	
                272,748.18

              
	
                20

              	
                29/09/2009

              	
                272,748.18

              	
                9,992.01

              	
                6,582.66

              	
                3,409.35

              	
                266,165.52

              
	
                21

              	
                29/10/2009

              	
                266,165.52

              	
                9,992.01

              	
                6,664.95

              	
                3,327.07

              	
                259,500.58

              
	
                22

              	
                29/11/2009

              	
                259,500.58

              	
                9,992.01

              	
                6,748.26

              	
                3,243.76

              	
                252,752.32

              
	
                23

              	
                29/12/2009

              	
                252,752.32

              	
                9,992.01

              	
                6,832.61

              	
                3,159.40

              	
                245,919.71

              
	
                24

              	
                29/01/2010

              	
                245,919.71

              	
                9,992.01

              	
                6,918.02

              	
                3,074.00

              	
                239,001.69

              

      

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      
        	
                25

              	
                01/03/2010

              	
                239,001.69

              	
                9,992.01

              	
                7,004.49

              	
                2,987.52

              	
                231,997.20

              
	
                26

              	
                29/03/2010

              	
                231,997.20

              	
                9,992.01

              	
                7,092.05

              	
                2,899.96

              	
                224,905.15

              
	
                27

              	
                29/04/2010

              	
                224,905.15

              	
                9,992.01

              	
                7,180.70

              	
                2,811.31

              	
                217,724.45

              
	
                28

              	
                29/05/2010

              	
                217,724.45

              	
                9,992.01

              	
                7,270.46

              	
                2,721.56

              	
                210,453.99

              
	
                29

              	
                29/06/2010

              	
                210,453.99

              	
                9,992.01

              	
                7,361.34

              	
                2,630.67

              	
                203,092.65

              
	
                30

              	
                29/07/2010

              	
                203,092.65

              	
                9,992.01

              	
                7,453.36

              	
                2,538.66

              	
                195,639.29

              
	
                31

              	
                29/08/2010

              	
                195,639.29

              	
                9,992.01

              	
                7,546.52

              	
                2,445.49

              	
                188,092.77

              
	
                32

              	
                29/09/2010

              	
                188,092.77

              	
                9,992.01

              	
                7,640.85

              	
                2,351.16

              	
                180,451.92

              
	
                33

              	
                29/10/2010

              	
                180,451.92

              	
                9,992.01

              	
                7,736.37

              	
                2,255.65

              	
                172,715.55

              
	
                34

              	
                29/11/2010

              	
                172,715.55

              	
                9,992.01

              	
                7,833.07

              	
                2,158.94

              	
                164,882.48

              
	
                35

              	
                29/12/2010

              	
                164,882.48

              	
                9,992.01

              	
                7,930.98

              	
                2,061.03

              	
                156,951.50

              
	
                36

              	
                29/01/2011

              	
                156,951.50

              	
                9,992.01

              	
                8,030.12

              	
                1,961.89

              	
                148,921.38

              
	
                37

              	
                01/03/2011

              	
                148,921.38

              	
                9,992.01

              	
                8,130.50

              	
                1,861.52

              	
                140,790.88

              
	
                38

              	
                29/03/2011

              	
                140,790.88

              	
                9,992.01

              	
                8,232.13

              	
                1,759.89

              	
                132,558.75

              
	
                39

              	
                29/04/2011

              	
                132,558.75

              	
                9,992.01

              	
                8,335.03

              	
                1,656.98

              	
                124,223.72

              
	
                40

              	
                29/05/2011

              	
                124,223.72

              	
                9,992.01

              	
                8,439.22

              	
                1,552.80

              	
                115,784.50

              
	
                41

              	
                29/06/2011

              	
                115,784.50

              	
                9,992.01

              	
                8,544.71

              	
                1,447.31

              	
                107,239.80

              
	
                42

              	
                29/07/2011

              	
                107,239.80

              	
                9,992.01

              	
                8,651.52

              	
                1,340.50

              	
                98,588.28

              
	
                43

              	
                29/08/2011

              	
                98,588.28

              	
                9,992.01

              	
                8,759.66

              	
                1,232.35

              	
                89,828.62

              
	
                44

              	
                29/09/2011

              	
                89,828.62

              	
                9,992.01

              	
                8,869.16

              	
                1,122.86

              	
                80,959.46

              
	
                45

              	
                29/10/2011

              	
                80,959.46

              	
                9,992.01

              	
                8,980.02

              	
                1,011.99

              	
                71,979.44

              
	
                46

              	
                29/11/2011

              	
                71,979.44

              	
                9,992.01

              	
                9,092.27

              	
                899.74

              	
                62,887.17

              
	
                47

              	
                29/12/2011

              	
                62,887.17

              	
                9,992.01

              	
                9,205.92

              	
                786.09

              	
                53,681.25

              
	
                48

              	
                29/01/2012

              	
                53,681.25

              	
                9,992.01

              	
                9,321.00

              	
                671.02

              	
                44,360.25

              
	
                49

              	
                29/02/2012

              	
                44,360.25

              	
                9,992.01

              	
                9,437.51

              	
                554.50

              	
                34,922.74

              
	
                50

              	
                29/03/2012

              	
                34,922.74

              	
                9,992.01

              	
                9,555.48

              	
                436.53

              	
                25,367.26

              
	
                51

              	
                29/04/2012

              	
                25,367.26

              	
                9,992.01

              	
                9,674.92

              	
                317.09

              	
                15,692.33

              
	
                52

              	
                29/05/2012

              	
                15,692.33

              	
                9,992.01

              	
                9,795.86

              	
                196.15

              	
                5,896.47

              

      

       

       

       

      11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}]]