Document:

exv10w5

 

Exhibit 10.5

Crescent Fund LLC Consulting Agreement

This Agreement made this September 24, 2006 by and between Crescent Fund, LLC., a Delaware
Limited Liability Company, whose address is The Trump Building, 40 Wall Street, 61st Floor, New
York, NY 10005, hereinafter referred to as “CRESCENT” or “Consultant” and Knight Energy Corp.,
a Delaware corporation, its agents, successors or assigns, hereinafter referred to as “KNIGHT” OR
“Client”, whose address is 400 Hampton View Ct., Alpharetta, GA 30004 Tel: 770.777.6795

Whereas Consultant is in the business of providing management consulting services to businesses in
an effort to obtain capital from third parties for business use, including equipment leasing,
purchase order and/or contract financing, factoring and financing for land and buildings’ utilizing
various financing instruments and whereas Client desires to retain Consultant for the following
purposes:

To attempt to arrange financing for the purpose of working capital as an intermediary.

For and in consideration of mutual benefits, promises, and the cross consideration hereinafter set
forth, the adequacy of which is hereby acknowledged, the parties hereto, CRESCENT and KNIGHT,
collectively “THE PARTIES”, hereby covenant and agree as follows:

	 	1.	 	Services

	 	A.	 	CRESCENT is hereby engaged by KNIGHT, to provide capital
funding services (non-exclusive) including serving as an investment banking
liaison, and acting as capital consultant for a six month period from the date
hereof. CRESCENT shall contact institutional investors, arrange presentation
of the Company, assist in restructuring KNIGHT’s business plan for
presentation and arrange conferences with capital sources.
	 
	 	B.	 	CRESCENT is engaged to provide capital structure,
working capital, equipment financing, merger and acquisition, and
reorganization consulting services to KNIGHT for purposes of attempting
to capitalize the company for a six month period from the date hereof.

	 	2.	 	Compensation

	 	A.	 	KNIGHT hereby agrees to pay CRESCENT for the services set
forth in Paragraph 1, the following items:
	 
	 	B.	 	Recognizing that CRESCENT has extensive sources of venture
capital, coupled with brokerage industry contacts, KNIGHT hereby agrees to pay
CRESCENT for the consulting services set forth in Paragraph 1 in the form of a
success fee of seven percent (7%), inclusive of all fees, in cash of the
amount of capital raised as a result of contacts by CRESCENT, and/or success
fee of seven percent (7%), inclusive of all fees, in cash of the capitalized
value, computed based on shares issued of any merger or acquisition. Such fees
shall be due at closing of any transaction in which CRESCENT has acted as the
introducing person.
	 
	 	C.	 	KNIGHT shall pay all out-of-pocket expenses related to the
services set forth in Paragraph 1 above, subject to budget approval by KNIGHT
prior to incurring the expense.

	 	3.	 	Termination of Agreement

This Consulting Agreement may not be terminated by either party prior to the
expiration of the term provided herein above, except as follows:

	 	A.	 	Upon the bankruptcy or liquidation of the other party,
whether voluntary or involuntary;
	 
	 	B.	 	Upon the other party taking the benefit of any insolvency law;
	 
	 	C.	 	Upon the other party having or applying for a receiver
appointed for either party; and/or

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Crescent Fund LLC Consulting Agreement

	 	D.	 	Written notice by one party to the other party.

	 	4.	 	Notices

All notices hereunder shall be in writing and addressed to the party at the address herein
set forth, or at such other address which notice pursuant to this section may be given,
and shall be given upon the earlier of actual receipt or three (3) business days after
being mailed or delivered to such courier service. Any notices to be given hereunder shall
be effective if executed by and/or sent by the attorneys for THE PARTIES giving such
notice and, in connection therewith, THE PARTIES and their respective counsel agree in
giving such notice such counsel may communicate directly in writing with such party to the
extent necessary to give such notice.

	 	5.	 	Attorney Fees

In the event either party is in default of the terms or conditions of this Consulting
Agreement and legal action is initiated or suit be entered as a result of such default,
the prevailing party shall be entitled to recover all costs incurred as a result of such
default including reasonable attorney fees, expenses and court costs through trial, appeal
and to final dispositions.

	 	6.	 	Time is of the Essence

Time is hereby expressly made of the essence of this Consulting Agreement with respect to
the performance by THE PARTIES of their respective obligations hereunder.

	 	7.	 	 Inurement

This Consulting Agreement shall inure to the benefit of and be binding upon THE
PARTIES hereto and their respective heirs, executors, administrators, personal
representatives, successors, and assigns.

	 	8.	 	Entire Agreement

This Consulting Agreement contains the entire agreement of THE PARTIES. It is declared by
THE PARTIES that there are no other oral or written agreements or understanding between
them affecting this Agreement. This Agreement supersedes all previous agreements.

	 	9.	 	 Amendments

This Agreement may be modified or amended provided such modifications or amendments are
mutually agreed upon and between THE PARTIES hereto and that said modifications or
amendments are made only by an instrument in writing signed by THE PARTIES.

	 	10.	 	Waivers

No waiver of any provision or condition of this Agreement shall be valid unless executed
in writing and signed by the party to be bound thereby, and then only to the extent
specified in such waiver. No waiver of any provision or condition of this Agreement and no
present waiver of any provision or condition of this Agreement shall be construed as a
future waiver of such provision or condition.

	 	11.	 	Non-Waiver

The failure of either party, at any time, to require any such performance by any other
party shall not be construed as a waiver of such right to require such performance, and
shall in no way affect such party’s right to require such performance and shall in no way
affect such party’s right subsequently to require a full performance hereunder.

	 	12.	 	Construction of Agreement

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Crescent Fund LLC Consulting Agreement

Each party and its counsel have participated fully in the review and revision
of this Agreement. Any rule of construction to the effect that ambiguities are to
be resolved against the drafting party shall not apply in the interpretation of
this Agreement.

	 	13.	 	Non-Circumvention Agreement

KNIGHT agrees, represents and warrants herby that it shall not circumvent CRESCENT
with respect to any banking or lending institution, investment bank, trust,
corporation, individual or investor introduced by CRESCENT to KNIGHT pursuant to
the terms with CRESCENT for the purpose of, without limitation, this Agreement and
for a period of eighteen (18) months from the date of execution by THE PARTIES of
this Agreement.

	 	14.	 	Applicable Law

THIS AGREEMENT IS EXECUTED PURSUANT TO AND SHALL BE INTERPRETED AND GOVERNED FOR
ALL PURPOSES BY THE LAWS OF THE STATE OF NEW YORK FOR WHICH THE COURTS IN NEW YORK
CITY, NEW YORK SHALL HAVE JURISDICTION WITHOUT GIVING EFFECT TO THE CHOICE OR LAWS
OR CONFLICT OF LAWS RULES THEREOF OR OF ANY STYLE. The parties agree that mediation
shall be used as an initial forum for the good-faith attempt to settle and resolve
any issues or disputes that may arise.

	 	15.	 	Counterparts

This Agreement may be executed in a number of identical counterparts. Each such
counterpart is deemed an original for all purposes and all such counterparts shall,
collectively, constitute one agreement, but, in making proof of this Agreement, it
shall not be necessary to produce or account for more than one counterpart.

	 	16.	 	Facsimile

A facsimile copy of this Agreement is acceptable.

	 	17.	 	Acceptance of Agreement

Unless both parties have signed this Agreement within ten (10) business days of the
date listed above, this Agreement shall be deemed automatically withdrawn and
terminated.

IN WITNESS WHEREOF, THE PARTIES have set forth their hands and seal in execution of this
Consulting Agreement this September 24, 2006 by and between:

	 	 	 	 	 	 	 	 	 	 	 
	CRESCENT FUND, LLC.	 	 	 	Knight Energy Corp.	 	 
	A Delaware Limited Liability Company	 	 	 	A Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
		 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 
	 	 	Janette Diller-Stone, President & CEO	 	 	 	Bill Bosso, CEO	 	 
	Date:

	 	September 24, 2006
	 	 	 	Date:
	 	 September 24, 2006	 	 

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Exhibit 10.6

Crescent Fund LLC Consulting Agreement

This
Agreement made this September 24, 2006, by and between Crescent Fund, LLC., a Delaware Limited
Liability Company, whose address is The Trump Building, 40 Wall Street, 61st Floor, New York, NY
10005, hereinafter referred to as “CRESCENT” or
“Consultant” and Knight Energy Corp.,a Delaware
corporation, its agents, successors or assigns, hereinafter referred to as “KNIGHT” OR “Client”, whose
address is 400 Hampton View Ct., Alpharetta, GA 30004. Tel: 700.331.4400

Whereas Consultant is in the business of providing management consulting services to businesses in
an effort to obtain capital from third parties for business use, including equipment leasing, purchase
order and/or contract financing, factoring and financing for land and buildings’ utilizing various
financing instruments and whereas Client desires to retain Consultant for the following purposes:

Institutional investor relations services

For and in consideration of mutual benefits, detriments, promises, and the cross consideration
hereinafter set forth, the adequacy of which is hereby acknowledged, the parties hereto, CRESCENT and KNIGHT,
collectively “THE PARTIES”, hereby covenant and agree as follows:

	 	1.	 	Services

	 	A.	 	CRESCENT is hereby engaged to provide Public Relations services (non-exclusive)
including serving as an investment banking liaison, obtaining write ups about the
company and acting as an institutional public relations consultant for a six month
period from the date hereof.

	 	2.	 	Compensation

	 	A.	 	KNIGHT hereby agrees to pay CRESCENT for the services set forth in Paragraph 1, the following non-refundable retainer items:

	 	a.	 	The issuance of 75,000 shares of restricted stock with piggy-back
registration rights: said shares shall be issued within three days after the
date hereof. Such stock cannot be issued pursuant to an S-8 Registration
statement. The shares are not in contravention of Section 5 of the
Securities Act of 1933 and specifically with sections 5a and 5c there
under.
	 
	 	b.	 	Crescent Fund, LLC. will also incorporate a free look clause whereby,
client may request to verify our long position in client’s stock as well as
incorporate a proprietary restrictive clause which precludes any
liquidation of our vested stock until the termination of our contract.

	 	B.	 	KNIGHT shall pay all out-of-pocket expenses related to the services set forth in
Paragraph 1 above, subject to written budget approval by KNIGHT to incurring the expense.

	 	3.	 	Termination of Agreement
	 
	 	 	 	This Consulting Agreement may not be terminated by either party prior to the expiration
of the term provided herein above, except as follows:

	 	A.	 	Upon the bankruptcy or liquidation of the other party, whether voluntary or involuntary;
	 
	 	B.	 	Upon the other party taking the benefit of any insolvency law;
	 
	 	C.	 	Upon the other party having or applying for a receiver appointed for either party; and/or
	 
	 	D.	 	Mutual consent of the parties.

	 	4.	 	Notices

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Crescent Fund LLC Consulting Agreement

All notices hereunder shall be in writing and addressed to the party at
the address herein set forth, or at such other address which notice pursuant
to this section may be given, and shall be given upon the earlier of actual
receipt or three (3) business days after being mailed or delivered to such
courier service. Any notices to be given hereunder shall be effective if
executed by and/or sent by the attorneys for THE PARTIES giving such notice
and, in connection therewith, THE PARTIES and their respective counsel agree
in giving such notice such counsel may communicate directly in writing with
such party to the extent necessary to give such notice.

	 	5.	 	Attorney Fees

In the event either party is in default of the terms or conditions of this
Consulting Agreement and legal action is initiated or suit be entered as a
result of such default, the prevailing party shall be entitled to recover
all costs incurred as a result of such default including reasonable attorney
fees, expenses and court costs through trial, appeal and to final
dispositions.
	 
	 	6.	 	Time is of the Essence

Time is hereby expressly made of the essence of this Consulting Agreement
with respect to the performance by THE PARTIES of their respective
obligations hereunder.
	 
	 	7.	 	Inurement

This Consulting Agreement shall inure to the benefit of and be binding
upon THE PARTIES hereto and their respective heirs, executors,
administrators, personal representatives, successors, and assigns.
	 
	 	8.	 	Entire Agreement

This Consulting Agreement contains the entire agreement of THE PARTIES. It
is declared by THE PARTIES that there are no other oral or written
agreements or understanding between them affecting this Agreement. This
Agreement supersedes all previous agreements.
	 
	 	9.	 	Amendments

This Agreement may be modified or amended provided such modifications or
amendments are mutually agreed upon and between THE PARTIES hereto and that
said modifications or amendments are made only by an instrument in writing
signed by THE PARTIES.
	 
	 	10.	 	Waivers

No waiver of any provision or condition of this Agreement shall be valid
unless executed in writing and signed by the party to be bound thereby, and
then only to the extent specified in such waiver. No waiver of any provision
or condition of this Agreement and no present waiver of any provision or
condition of this Agreement shall be construed as a future waiver of such
provision or condition.
	 
	 	11.	 	Non-Waiver

The failure of either party, at any time, to require any such performance by
any other party shall not be construed as a waiver of such right to require
such performance, and shall in no way affect such party’s right to require
such performance and shall in no way affect such party’s right subsequently
to require a full performance hereunder.
	 
	 	12.	 	Construction of Agreement

Each party and its counsel have participated fully in the review and
revision of this Agreement. Any rule of construction to the effect that
ambiguities are to be resolved against the drafting party shall not apply
in the interpretation of this Agreement.
	 
	 	13.	 	Non-Circumvention Agreement

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Crescent Fund LLC Consulting Agreement

KNIGHT agrees, represents and warrants herby that it shall not circumvent CRESCENT
with respect to any banking or lending institution, investment bank, trust, corporation,
individual or investor introduced by CRESCENT to KNIGHT nor with respect to any
transaction, merger, acquisition or other business opportunity proposed by, assisted with
or otherwise promoted by CRESCENT for the benefit of KNIGHT pursuant to the terms
with CRESCENT for the purpose of, without limitation, this Agreement and for a period
of eighteen (18) months from the date of execution by THE PARTIES of this Agreement
or the introduction to a financing source.

	 	14.	 	Applicable Law

THIS AGREEMENT IS EXECUTED PURSUANT TO AND SHALL BE
INTERPRETED AND GOVERNED FOR ALL PURPOSES BY THE LAWS OF THE
STATE OF NEW YORK FOR WHICH THE COURTS IN NEW YORK CITY, NEW
YORK SHALL HAVE JURISDICTION WITHOUT GIVING EFFECT TO THE
CHOICE OR LAWS OR CONFLICT OF LAWS RULES THEREOF OR OF ANY
STYLE. The parties agree that mediation shall be used as an initial
forum for the good-faith attempt to settle and resolve any issues or disputes that may arise.
	 
	 	15.	 	Counterparts

This Agreement may be executed in a number of identical counterparts. Each such
counterpart is deemed an original for all purposes and all such counterparts shall,
collectively, constitute one agreement, but, in making proof of this Agreement, it shall
not be necessary to produce or account for more than one counterpart.
	 
	 	16.	 	Facsimile

A facsimile copy of this Agreement is acceptable.
	 
	 	17.	 	Acceptance of Agreement

Unless both parties have signed this Agreement within ten (10) business days of the date
listed above, this Agreement shall be deemed automatically withdrawn and terminated.

IN WITNESS WHEREOF, THE PARTIES have set forth their hands and seal in execution of this
Consulting Agreement this 24
September 2006, by and between:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CRESCENT FUND, LLC.	 	 	 	 	 	Knight Energy Corp.
	A Delaware Limited Liability Company	 	 	 	 	 	A Delaware corporation
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 		 	 	 	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	By:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	       Janette Diller-Stone, President & CEO	 	 	 	 	 	Bill Bossco, CEO
	Date:      September 24, 2006	 	 	 	 	 	Date: September 24, 2006

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Crescent Fund LLC Consulting Agreement

Project Scope

Project Activities: CRESCENT, in providing financial investor relations services,
shall perform the following project specific functions and merge CRESCENT efforts with
KNIGHT resources, as needed. The emphasis of this funding project shall be personal
introductions of the 01 to money managers, fund managers, hedge fund managers, portfolio
managers, financial analysts, institutional brokers, venture capitalists, investment
bankers, and wholesale/retail market makers. All out-of-pocket costs (i.e., costs for
mail campaigns, printing, distributions, etc.) shall be pre-approved and paid for by
KNIGHT.

	o	 	Conduct analysis that combines KNIGHT’s due-diligence and CRESCENT in-house
analysis tools to emphasize marketability.
	 
	o	 	Coordinate buy-side and sell-side brokerage research coverage bringing KNIGHT to these
sources and facilitating their institutional research. This provides KNIGHT and CRESCENT
additional analysis reports from promoting services.
	 
	o	 	Develop project related Executive Summary for mail-out/distribution.
	 
	o	 	Plan marketing campaign matching KNIGHT to CRESCENT’S proprietary contact base and other investment prospects/sources anchored by Internet presence.
	 
	o	 	Develop comprehensive press list based upon trade and institutional investment related publications.
	 
	o	 	Create list of project specific publications and electronic advertising sources for print and Internet.
	 
	o	 	Distribute press releases in hard copy and over the Internet (company initiated only).
	 
	o	 	Implement print media articles and advertising (company initiated only).
	 
	o	 	Design print ads for trade and investment related publications.
	 
	o	 	Maintain Website Optimization and Analization.

Optional Project Activities: These ancillary projects can be provided at KNIGHT’s
discretion and cost.

	o	 	Conduct road shows, with direct KNIGHT’s participation, in cities targeted
because of CRESCENT’S institutional investor contact base.
	 
	o	 	Design and Coordinate Trade Booths
	 
	o	 	Attend trade shows and conferences.
	 
	o	 	Hold press/analysts seminars for institutional investors and investment managers.
	 
	o	 	Develop investor relations section on KNIGHT’s website.
	 
	o	 	Develop project related web pages.
	 
	o	 	Write media alerts and press releases to continuously generate press relating to
KNIGHT’s and its stock performance, emphasizing both standard and Internet dissemination
(company initiated only).
	 
	o	 	Plan and implement direct mail campaign to CRESCENT contact base and KNIGHT
related contacts with follow-up telephone sales contact.

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