Document:

inol_ex103.htm

EXHIBIT 10.3

CONNIED, INC

CONSULTING AGREEMENT

 

 

This is an amended and restated Consulting Agreement made as of this 1st day of August, 2010 by and between InoLife Technologies, Inc. (the "Corporation" or "INOL") and Connied, Inc. ("Consultant").

 

WHEREAS, Corporation and Consultant agreed on the 1St day of August 2010 that the Consultant would render consulting services to the Corporation;

 

WHEREAS, this Consulting Agreement executed this 25t day of May 2011 memorializes the Agreements made as of August 1, 2010;

 

WHEREAS, the parties wish to enter into this Agreement based upon the terms and conditions set forth herein;

 

1.         Services. The Consultant, during the term of this Agreement, shall provide to Corporation the following Services (the "Services"):

 

(a)   Provide assistance in Corporation's strategic and financial business plan;

 

(b)   Identify and assist Corporation in the preparation of its annual and periodic reports with SEC and issuance of press releases;

 

(c)   Assist the Corporation to prepare a list all patents, trademarks, trade names, service marks and copyrights owned or used by the Corporation, all applications therefore and copies thereof, search reports related thereto and information about any liens or other restrictions and agreements on or related thereto (quarterly) as requested by the Corporation;

 

(d)   Introduce advisors and consultants to assist Corporation in its business and marketing plan;

 

(e)   Will assist Corporation with review of and preparation of employment contracts, consulting agreements, severance agreements, independent contractor agreements, non-disclosure agreements and non-compete agreements relating to any employees of the Corporation as requested by the Corporation;

 

(f)   Provide operational support (not to exceed 2 individuals);

 

(g)  Conduct due diligence with respect to the financial condition of INOL and shall, together with Corporation's management, assist with the preparation of financial forecasts and detailed strategic growth plans; 

  

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(h)   Identify investor relations and additional public relations service firms;

 

(i)   Introduce Corporation to market makers;

 

(j)    Be available for meetings, conference calls, acquisition reviews and due diligence, negotiations with lenders and prospective investors. Consultant shall be available to respond to inquiries and review marketing information, financing material or any other aspect of the Corporation's capitalization with prospective parties or partners;

 

(k)   Engage and compensate the accounting activities for all SEC quarterly and annual filings;

 

(1)   Introduce Corporation to investment bankers, financial institutions andother members of the financial community;

 

(m)  Identify sources of financing;

 

(n)   Identify and assist Corporation in mergers and acquisitions; and

 

(o)   Identify and market products.

 

Upon request of the Corporation, will provide the Corporation with monthly statements covering the matters and Services provided to the Corporation during the previous 30 day period;

 

2.         Independent Contractor. Consultant acknowledges and agrees that it shall be an independent contractor and, other than persons specifically employed by the Corporation as contemplated herein, neither the Consultant nor any principal or agent thereof shall be considered an "employee" of the Corporation for any purpose. Consultant shall be responsible for all compensation and costs, if any, payable to third parties for the Services. Consultant shall be solely responsible for the payment of all foreign, federal, state and local sales taxes, use taxes, value added tax, withholding taxes, income tax, unemployment and workers' compensation insurance premiums, and similar taxes and charges of any kind with respect to its compensation and the services provided under this Agreement. The Corporation agrees to notify Consultant in writing (fax or e-mail) prior to communicating directly with sources of funding introduced by Consultant and provide Consultant with a reasonable opportunity to participate in such communications unless Consultant's participation is waived in writing in advance by Consultant. Consultant shall not unreasonably withhold its waiver of participation if there is a legitimate business reason why any such communication between INOL and a source of funding should not include Consultant. INOL and its agents shall make all practicable efforts to keep Consultant informed of normal course corporate communication that would affect the Consultant's performances of services for INOL under this Agreement.

 

3.         Term. The term of this Agreement shall commence on the date hereof and shall continue until August 1, 2013, unless sooner terminated, as provided herein. Corporation shall have the right to terminate this Agreement upon 30 days prior written notice, except that upon such termination all consideration shall be deemed earned and payable as per the terms of consideration.

  

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4.         Consideration. In consideration for the Services to be provided by Consultant, Consultant shall be issued Fifteen Million (15,000,000) restricted shares of the Corporation's Common Stock per month for each of the first twelve (12) months of this contract. The consideration shall be limited to that number of shares such that the Consultant shall not own or control in excess of 9.9% of the Corporation's outstanding common stock at any time. If at any time the sum of the shares beneficially owned or controlled by the Consultant plus any additional shares issuable under the Agreement exceeds 9.9% of the outstanding shares of the Corporation's common stock, the shares in excess of 9.9% shall not be deemed earned and shall not be issuable under the terms of this Agreement. Prior to the issuance of any shares for Services, the Consultant shall provide the Corporation with an affidavit certifying the number of shares beneficially owned or controlled by the Consultant.

 

5.         Expenses. The Corporation shall not be responsible for any expenses incurred by the Consultant in connection with the Services and this Agreement.

 

6.         Non-Exclusive. This Agreement is non-exclusive and Consultant may provide the same or similar services to other corporations. The Corporation may likewise engage other consultants or obtain financing from sources other than those introduced by Consultant, without any obligation to Consultant unless it prevents Consultant from receiving its consideration.

 

7.         Confidentiality.

 

(a)  Consultant and Corporation each agree to keep confidential and provide reasonable security measures to keep confidential information where release may be detrimental to their respective business interests. Consultant and Corporation shall each require their respective employees, agents, affiliates and others who will have access to the information through Consultant and Corporation respectively, to first enter appropriate non-disclosure agreements requiring the confidentiality contemplated by this Agreement in perpetuity.

 

(b)  Consultant will not, either during the term of this Agreement or at any time thereafter, disclose, use or make known for its or another's benefit any confidential information, knowledge, or data of the Corporation or any of its affiliates in any way acquired or used by Consultant during its engagement hereunder. Confidential information, knowledge or data of the Corporation and its affiliates shall not include any information that is, or becomes generally available to the public other than as a result of a disclosure by Consultant or its representatives in accordance with the terms of this Agreement. Furthermore, Consultant shall only use the confidential information in compliance with applicable laws, including but not limited to Regulation FD. The obligations created by this subparagraph shall survive the termination of this Agreement.

 

8.         Corporation's Representations. Corporation represents and warrants with and to Consultant as follows:

 

(a)  The Corporation is free to enter into this Agreement and to perform each of its terms and covenants hereunder.

 

(b)  The Corporation is not restricted nor prohibited, contractually or otherwise, from entering into and performing this Agreement, and the Corporation's execution and performance of this Agreement is not a violation or breach of any other agreements between the Corporation and any other person or entity.

 

(c)  This Agreement is a legal, valid and binding agreement of the Corporation, enforceable in accordance with its terms.

 

  

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(d) When issued, the Preferred Stock and the shares of Common Stock to be issued thereunder, shall be duly authorized and validly issued, fully paid and non-assessable, and free and clear of all liens.

 

9.         Consultant's Representations. Consultant represents and warrants with and to the Corporation as follows:

 

(a)   Consultant is free to enter into this Agreement and to perform each of its terms and covenants hereunder.

 

(b)  Consultant is not restricted nor prohibited, contractually or otherwise, from entering into and performing this Agreement, and Consultant's performance of this Agreement, and the receipt of compensation hereunder, is not a violation or breach of any federal, state or local order, law or regulation of any governmental body, or a violation or breach of any agreements between Consultant and any other person or entity.

 

(c)   This Agreement is a legal, valid and binding agreement of Consultant, enforceable in accordance with its terms and Consultant agrees that the Services provided shall comply with the Federal securities laws and F1NRA rules and regulations.

 

10.      Indemnification. Consultant agrees to indemnify, defend, and shall hold harmless the Corporation, from and against any and all claims, demands, causes of action, debts or liabilities, including reasonable attorneys' fees (collectively, "Damages"), to the extent that any such Damages are based upon or arise out of (i) a breach of any of the Consultant's representations and warranties contained herein, (ii) the gross negligence or willful misconduct of the Consultant, or (iii) a violation of any federal or state laws by the Consultant.

 

11.      Severability and Savings Clause. If any one or more of the provisions contained in this Agreement is for any reason (i) objected to, contested or challenged by any court, government authority, agency, department, commission or instrumentality of the United States or any state or political subdivision thereof, or any securities industry self-regulatory organization (collectively, "Governmental Authority"), or (ii) held to be invalid, illegal or unenforceable in any respect, the Parties hereto agree to negotiate in good faith to modify such objected to, contested, challenged, invalid, illegal or unenforceable provision. It is the intention of the Parties that there shall be substituted for such objected to, contested, challenged, invalid, illegal or unenforceable provision a provision as similar to such provision as may be possible and yet be acceptable to any objecting Governmental Authority and be valid, legal and enforceable. Further, should any provisions of this Agreement ever be reformed or rewritten by a judicial body, those provisions as rewritten will be binding, but only in that jurisdiction, on Consultant and the Corporation as if contained in the original Agreement. The invalidity, illegality or unenforceability of any one or more provisions hereof will not affect the validity and enforceability of any other provisions hereof.

 

12.       Successors; Assignment. This Agreement and the rights and obligations under this Agreement shall be binding upon and inure to the benefit of the Parties to this Agreement and their respective successors and permitted assigns. Neither this Agreement nor any rights or benefits under this Agreement may be assigned by either Party to this Agreement without the other Party's prior written consent.

 

  

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13.       Entire Agreement; Amendment. This Agreement constitutes the entire agreement between the Parties as to the subject matter hereof. This Agreement amends and restates in its entirety, the previous consulting agreement entered into by and between the parties. There are no verbal understandings, agreements, representations or warranties that are not expressly set forth herein. This Agreement shall not be changed orally, but only in writing signed by the Parties.

 

14.       Governing Law. This Agreement will be governed and construed in accordance with the laws of the State of New York, without resort to the conflict of law principles thereof Any lawsuit brought to enforce or interpret this Agreement must be filed and prosecuted in the state court (or federal court if the requirements of federal jurisdiction are met), as the case may be, sitting in Wake County, North Carolina, and each of the Parties hereby voluntarily submits to the jurisdiction of such court for such purpose and hereby voluntarily waives any defense or objection to the exercise of such jurisdiction by any such court.

 

15.       Notices. All notices or other communications which are required or permitted hereunder shall be in writing and sufficient if (i) personally delivered, (ii) sent by nationally-recognized overnight carrier or (iii) sent by registered or certified mail, postage prepaid, return receipt requested, addressed to the addresses set forth below each Party's name on the signature page hereto, or to such other address as the Party to whom notice is to be given may have furnished to each other Party in accordance herewith. Any such communication shall be deemed to have been given (i) when delivered, if personally delivered, (ii) on the first Business Day after dispatch, if sent by nationally recognized overnight courier and (iii) on the third Business Day following the date on which the piece of mail containing such communication is posted, if sent by mail. As used in this Agreement, "Business Day" means a day that is not a Saturday, Sunday or a day on which banking institutions in the city to which the notice or communication is to be sent are not required to be open.

 

16.       Third Party Beneficiary. No person, firm, group or corporation is a third party beneficiary of this Agreement.

 

17.       Counterparts; Electronic Delivery. This Agreement may be executed in any number of original counterparts, each of which having been so executed and delivered shall be deemed an original and all of which, collectively, shall constitute one agreement; it being understood and agreed that the signature pages may be detached from one or more such counterparts and combined with the signature pages from any other counterparts in order that one or more fully executed originals may be assembled. A copy of an executed counterpart signature page signed by a Party may be delivered by facsimile or other electronic transmission and, upon such delivery, a print out of the transmitted signature of such Party will have the same effect as if a counterpart of this Agreement bearing an original signature of that Party had been delivered to the other Party.

 

[Signature page follows]

  

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

 

	 	

CORPORATION:

	 
	 	INOLIFE TECHNOLOGIES, INC. 	 
	 	 	 
	
 

	
By: 

	/s/ 	 
	 	 	Name: Gary S. Berthold 	 
	 	 	Title: President/CEO 	 
	 	 	
Address: 8601 Six Forks Road . Suite 400, Raleigh, North Carolina,27615

	 

 

	 	

CONSULTANT:

CONNIED, INC

	 
	 	 	 	 
	
 

	
By: 

	/s/ 	 
	 	 	Name : Gray Spaniak	 
	 	 	Title : President	 
	 	 	
Address: 5200 NE 33 rd Ave Ft Lauderdale, FL 33308

	 

 

 

  

6inol_ex104.htm

EXHIBIT 10.4

 

ENGAGEMENT AGREEMENT

FOR CONSULTING SERVICES

 

 

This Engagement Agreement dated August 15, 2010 is between InoLife Technologies, Inc., 8601 Six Forks Road, Suite 400, Raleigh, NC 27615, a New York corporation, ("INOL" or "Company"), and Fuselier and Co., Inc., or assigns, with its principal offices at 130 Federal Road, Suite 33, Danbury, CT 06801 ("Consultant").

 

Company and Consultant agree as follows:

 

 

1.   Scope of Services:

 

(a) INOL shall engage Consultant to assist with the strategic management of the Company (the "Consulting"), including support for its current operations and its future growth.

 

(b) Consultant shall, in connection with this Agreement, may conduct its due diligence with respect to the financial condition of INOL and shall, together with Company's management, prepare three year and five year financial forecast and a detailed strategic growth plan. Consultant's information material shall include the Executive Summary and Strategic Growth Plan

 

(c) Consultant shall, at the request of Company, be available for all meetings, conference calls, acquisition reviews and due diligence, negotiations with lenders and prospective investors. Consultant shall be available to respond to inquiries and review marketing information, 1 financing material or any other aspect of the Company's capitalization with prospective parties or partners.

 

(d) INOL shall notify Consultant in writing (fax or e-mail) prior to communicating directly with sources of funding introduced by Consultant and provide Consultant with a reasonable opportunity to participate in such communications unless Consultant's participation is waived in writing in advance by Consultant. Consultant shall not unreasonably withhold its waiver of participation if there is a legitimate business reason why any such communication between INOL and a source of funding should not include Consultant. INOL and its agents shall make all practicable efforts to keep Consultant informed of normal course corporate communication that would affect the Consultant's performances of services for INOL under this Agreement.

 

(e) Consultant shall perform on a periodic basis the following functions, but nothing herein shall be interpreted as an appointment of Consultant or its independent contractors or employees as directors of INOL, nor shall Consultant have such involvement in the management of INOL as to bring Consultant within the definition of "control person" under the federal securities laws:

 

  

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a.        

	
Review of the Organization and Structure of the Company — a quarterly review and description of the corporate structure of the Company and its affiliates including any diagrams or charts including a list of the officers and directors of the Company and a brief description of their duties.

 

	
b.        

	
Assets and Operations of the Company - Prior to the end of each fiscal year, Consultant will review the Company's financial position, and, together with the Company's auditors, assist in gathering information for the Annual financial statements with notes for the past three fiscal years of the Company, and the latest interim financial statements since the end of the last fiscal year and product sales and cost of sales analysis as requested by the Company.

 

	
c.        

	
Intellectual Property - Consultant will work with Company to prepare a list all patents, trademarks, trade names, service marks and copyrights owned or used by the Company, all applications therefore and copies thereof, search reports related thereto and information about any liens or other restrictions and agreements on or related thereto (quarterly) as requested by the Company.

 

	
d.        

	
Reports - Consultant will assist Company with the preparation of descriptions or reports of the Company's requested by the Company, including any brochures used in soliciting business or advertising. Consultant will assist with the preparation of overviews of market reports, analyses, articles, studies, appendices or other reports that may be needed and requested by the Company.

 

	
e.        

	
Employment Practices - Consultant will assist Company with review of and preparation of employment contracts, consulting agreements, severance agreements, independent contractor agreements, non-disclosure agreements and non-compete agreements relating to any employees of the Company as requested by the Company.

 

	
2.             

	
Engagement Fee: During the term of this Agreement, INOL shall pay Consultant an Engagement Fee as set forth in Exhibit A which will be earned as described in such Exhibit. Such payments represent fees relating to gathering assisting in the operation of the Company, due diligence, preparation of marketing information and financing materials, introduction to sources, preliminary transaction discussions and other related activities.

 

	
3.             

	
Payment of Fees to Consultant. The Company agrees that all fees due to Consultant will be paid within 30 days following receipt of Consultant's invoice for Services for the month or other relevant time period in which the Services were performed and compensation earned.

 

	
4.             

	
Expenses - Consultant will be responsible for their own expenses.

 

	
5.             

	
Term: The term of this Agreement shall commence on August 15, 2010 and shall remain in effect for a period of two years, with a single, automatic one hundred eighty day extension, provided that neither party has provided written notice ninety days prior to the second anniversary of the agreement. All rights and obligations hereunder shall be terminated upon the expiration of this Agreement, provided that (a) termination of this Agreement shall not affect the provisions of paragraphs 2 and 3 in respect of payment of fees and (b) all parties hereto shall continue to be bound by the terms of the confidentiality and exclusivity provisions of this Agreement even after the expiration of the term of this Agreement. This Agreement may be terminated by either party by giving at least thirty (30) days' written notice to the other party before the beginning of any three-month period described herein for which Consultant shall begin providing that segment of services.

 

  

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6.             

	
Confidentiality: Each of the parties hereto (the "Recipient Party") will from time to time receive certain trade secrets and confidential information ("Confidential Information") from each other and unaffiliated third parties (including prospective investor(44 and their respective representatives, employees and agents (the "Disclosing Party"). The Recipient Party agrees not to use (except in connection with the performance of its duties hereunder) or disclose at any time (except to the Recipient Party's employees and agents who require the same for the purposes hereof and who are bound to the Recipient Party by like obligations as to confidentiality and use restrictions as contained in this Agreement) Confidential Information provided to it by the Disclosing Party or its agents and advisors. Confidential Information shall include, without limitation, computer models and databases, lists of contacts and any other information identified in advance by the Disclosing Party as confidential. Confidential Information shall not include any information that (i) was in the public domain prior to disclosure, or (ii) is independently developed, or (iii) is received from a third party with no breach of a duty owed hereunder. The Recipient Party agrees not to disclose or to use in a competitive manner Confidential Information for a period of the greater of two years following the termination of this Agreement or the term of any confidentiality agreement governing such Confidential Information.

 

	
7.             

	
Entire Agreement: This represents the entire agreement between INOL and Consultant with respect to the subject matter hereof, superseding all previous oral or written communications, representations, understandings or agreements relating to this subject. This Agreement may be modified only by a duly authorized party and executed in writing signed by the parties hereto.

 

	
8.            

	
Notices: Any notice provided under this Agreement shall be in writing and shall be deemed to have been effectively given (i) upon receipt when delivered personally, (ii) two business days after sending when sent by a commercial express delivery service (such as Federal Express or USPS Express Mail) providing a delivery confirmation, or (iii) 5 business days after depositing with the post office a notice sent by certified mail, return receipt requested, to the addresses noted in the preamble to this contract or any updated address provided by either party for notices.

 

	
9.            

	
Independent Contractor and Withholding: At all times, the Consultant will be an independent contractor, and as such, will not have the authority to bind Company. Consultant will not act as an agent nor shall Consultant be deemed to be an employee of Company for the purposes of any employee benefits, or otherwise. Consultant recognizes that no amount will be withheld from its compensation for payment of any federal, state or local taxes and that Consultant therefore has sole responsibility to pay such taxes, if any, and file such returns as shall be required by applicable laws and taxes, if any. Consultant agrees to defend, indemnify and hold Company harmless from any and all claims made by any entity on account of an alleged failure by Consultant to satisfy any such tax or withholding obligations. Consultant shall not enter into any agreements or incur any obligations on behalf of Company. David Fuselier is not an officer or director of Company and nothing herein shall be interpreted as an appointment of him as an officer or director.

 

  

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10.            

	
Assignment: Due to the personal nature I of the services to be rendered by Consultant, this Agreement may not be assigned except td an entity hat is substantially owned or managed by Consultant. Likewise, Company may not assign any rights and liabilities under this Agreement (as a group with other similar agreements with consultants) to a subsidiary or an affiliate or to a successor to all or a substantial part of its business and assets without the consent of Consultant. Subject to the foregoing, this Agt1eement will inure to the benefit of and be binding upon each of the heirs, assigns and successor~ of the respective parties. No assignment may occur without both parties mutual consent.

 

	
11.            

	
Severability: If any court or arbitrator shall determine that any provision of this Agreement is invalid, illegal or unenforceable, such provision shall be severed and the remaining provisions shall continue in full force and effect.

 

	
12.            

	
Governing Law: This agreement shall be governed by and interpreted in accordance with the laws of the State of North Carolina applicable to agreements made and services to be performed within such jurisdiction.

 

	
13.            

	
Arbitration: Any dispute or disagreement which may arise among the parties hereto in connection with either the interpretation or the performance or nonperformance hereof, shall be settled by arbitration under the Commercial Arbitration Rules of the American Arbitration Association or such other arbitration services as may be agreed upon by the parties. The place of arbitration shall be Raleigh, North Carolina. The prevailing party shall be entitled to its reasonable attorneys fees.

 

	
14.            

	
Counterparts: More than one counterpart of this Agreement may be executed by the parties hereto, and each fully executed counterpart shall be deemed m original.

 

	
15.            

	
Authority to Act. The Company hereby represents and warrants that this Agreement has been approved by resolution of the Company's Board of Directors, a copy of which is attached hereto and the President of the Company has been authorize execute this Agreement on behalf of the Company.

 

	
16.            

	
Indemnification. Company will indemnify and hold Consultant and its employees harmless from any and all claims arising from its activities as financial consultant to Company, except in the event the actions or inactions of the Consultant are deemed to involve gross negligence. Such indemnification shall include, but not be limited to, Company's attorneys' fees.

  

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Counterparts Facsimile Execution. For purposes of this Agreement, a document (or signature page thereto) signed and transmitted by facsimile machine is to be treated as an original document. The signature of any party thereon, for purposes hereof, is to be considered as an original signature, and the document transmitted is to be considered to have the same binding effect on the original document. At the request of any party, a facsimile or telecopy in original form by the parties who executed the facsimile the use of a facsimile machine as a defense to the enforcement of the Agreement or any amendment or  other document executed in compliance with this Section.

IN WITNESS WHEREOF, the Parties hereto have executed this agreement as of August 15, 2010

 

	
AGREED AND ACCEPTED,

 

	InoLife Technologies, Inc.
	 	 
	Signature:	
	Name:	Gary S. Berthold  
	Title: 	President, CEO 
	 	 
	
AGREED AND ACCEPTED,

 

	Fuselier and Co., Inc.
	 	 
	Signature: 	
	Name: 	David Fuselier, CEO
	 	 

 

  

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EXHIBIT A

Between Company and Consultant

Dated August 15, 2010

 

Issuance and delivery of shares and when shares will be earned:

 

At signing   3,000,000 shares

The Consultant performed its required due diligence on the company prior to execution of the contract and these shares will be issued and delivered to Consultant as of the effective date of this Agreement for its review and research on the Company as client. These shares were earned as of the date of the signing.

 

At 10/01/10   25,000,000 shares

During the period August 15, 2010 through September 30, 2010 the Consultant shall perform the following services for the Company: Intensive r9fieJ of all contracts relating to the Company's operations including its filings with state and federal authorities, detailed review of the Company's organizational structure, capital structure and shareholder communications. Consultant shall provide a review of our findings to management and provided a summary of actions items relating to these activities of the Company.

 

At 12/31/10   25,000,000 shares

During the period October 1, 2010 through December 3 , 2010 the Consultant shall perform the following services for the Company: in conjunction with broker dealers, equity sources, and management review stockholder agreements, proxies, transfer agent agreements, registration agreements and other agreements regarding the ownership of Company. Review class and number of securities held and provide tactical and strategic consultancy on structures beneficial to the Company. Begin search and retain Chief Financial Officer, Corporate Counsel, Investor Relations Company, Public Relations Individual, VP of Business Development, VP of Sales and Marketing and reasonable support staff and non executive board members. Consultant will provide a review of our findings to management and provided a summary of action items relating to these activities of the Company and obtain companies approval prior to Fuselier & Company’s hiring of said positions. One-third of theses hares shall be deemed fully earned and paid for by Consultant at the end of each month.

At 3/30/11   25,000,000 shares

During the period January 1,2011 through March 30, 2011 he Consultant shall perform the following services for the Company: in conjunction with Management, conclude CFO search, present VP of Business Development, VP of Sales and Marketing and reasonable support staff, corporate and securities counsel. Identify and retain investor relations organization and public relations individual. Identify and retain non executive board members. Continue search for acquisition targets and strategic alliances and debt and equity sources. Refine the strategic plan of the Company to mirror its product and service offerings. Begin information gathering to auditors land counsel relating to fiscal year end Board meeting and fiscal year audit. One-third of these shares shall be deemed fully earned and paid for by Consultant at the end of each month.

 

  

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Consultant shall provide a review of its findings to management and provide a summary of action items relating to these activities to the Company.

 

End of each Quarter starting 6/30/2011     25,000,000 shares

During the quarterly periods following March 30, 2011, the Consultant will be assigned specified assignments by the CEO of Company within fifteen days before the beginning of each quarterly period. Such assignments will be provided in writing, and the timing and execution of the assignments will be confirmed by Consultant prior to the beginning of each quarter. Consultant will provide a review of its assignments to management and a summary of actions items relating to these activities in a format satisfactory to Company. In the absence of specific assignments from the CEO, the Consultant will continue the assignments previously provided by the CEO. The shares during each period will be based on the Company's average of the ten previous days' last bid prior to the close of each quarter. One-third of these shares shall be deemed full, earned and paid for by Consultant at the end of each month.

Fuselier will provide and pay the compensation for the following personnel during the term of the engagement:

Chief Financial Officer or comparable - responsible for day to day reporting of accounting, cash flow and financial functions of the Company including preparation of certain reports for the SEC and preliminary work papers for the Company's auditors: This action will generate a quarterly analysis, within 30 days after the close of the quarter, of the Company s internal financial functions and present current and projected financial cash and infrastructure needs.

Vice President of Business Development- and reasonable support staff- responsible for developing the Company’s marketing efforts specific to its current product lines as well as entities that may be synergistic to the Company's current and/or future operations. A report will be generated quarterly relating to the historic and projected efforts of the Company and provided to the CEO within 30 days after the close of each quarter.

Director of Public Relations - responsible for the origination and direction of corporate communications, including preparation of internal messaging and external dissemination of its message and mission. The Director of Public Relations will report directly to the Executive Vice President on her efforts for the prior quarter and provide projected communications and messaging needs of the Company within 30 days after the close of each quarter.

Non-Executive Board Members - responsible for participating, together with the Company's Chairman, in the tooling of the Company's strategic plan to ensure the Company's corporation policy is aligned with the Board's approved motions. To provide external insight into the Company's internal processes and to act as a sounding board for the Company's CEO. The Board Members will be required to attend all Board meetings, requested.

Corporate Counsel: oversee legal activities of tie the corporations and Potential Acquisitions

Investor Relations: enable company information to be disseminated to the general public

Vice President of Sales and Marketing: responsible for all sales and marketing endeavors of the company.  Reports  to VP of Business Development.

  

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