Document:

fs1501_x102-list.htm

Exhibit 10.2  E-Mail Service Agreement

 

AGREEMENT

 

THIS AGREEMENT (the “Agreement”) is made and entered into as of August 10, 2013 by and between THE OWINGS GROUP, LLC, A Delaware limited liability company (“Owings”), and List Solutions, Inc. (“List Solutions”),

 

WHEREAS, Owings is a company providing a broad range of financial services; and

 

WHEREAS, List Solutions is in the business of providing   direct marketing  services including, but not limited to email, telephone solicitation, text, social networking and direct mail marketing; and

 

WHEREAS, Owings and List Solutions desire to enter into an Agreement whereby List Solutions will provide  email marketing services to  Owings in accordance with the terms and conditions contained herein; and

 

NOW THEREFORE, the parties hereto, in exchange for the mutual promises and

covenants contained herein, as well as other good and valuable consideration, the adequacy of which is hereby acknowledged by the parties, and intending to be legally bound, the parties mutually agree as follows:

 

 

ARTICLE I

 

Services

 

1.01           During the term of this Agreement, List Solutions will utilize its current lists to regularly send out marketing materials regarding the products and services of Owings.

 

1.02           List Solutions agrees to send out as many different emails each month as Owings shall, from time to time request.

 

1.03       List Solutions agrees that during the term of this Agreement it will continue to regularly update and build on its current lists so as to insure that the information contained on its lists is accurate and to insure a steady stream of new contacts for Owings.

 

1.04           The content of all marketing materials shall be provided to List Solutions by Owings.  To the extent that any marketing materials are prepared directly by List Solutions, such materials shall be approved by Owings, in writing, prior to disbursement.

 

1.05           All marketing campaigns initiated by List Solutions for Owings shall comply with all federal, state and local laws, rules and regulations.

 

ARTICLE II

 

COMPENSATION

 

2.01           In exchange for the services provided in Article I above, Owings shall pay List Solutions a monthly fee of five thousand five hundred dollars ($5,500).  This fee may be modified from time to time by the parties provided that such modification is in writing and signed by both parties.

 

  

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ARTICLE III

 

Term and Termination

 

3.01           Subject to the terms and  conditions set forth in this Agreement, the Agreement shall become effective as of September 1, 2013, and shall continue until terminated, by either party, upon thirty (30) days written notice to the non-terminating party.

 

 

Article IV

 

Covenants

 

5.01 Confidential Information. List Solutions acknowledges that it may make use of, acquire, or add to Owings’ confidential information which includes, but is not limited to, memoranda and other materials or records of a proprietary nature; technical information regarding the operations of Owings; and records and policy matters relating to finance, personnel, market research, strategic planning, current and potential customers, management and operations. Therefore, to protect Owings’ confidential information and to protect employees who depend on Owings for regular employment, List Solutions agrees that it will not in any way use or disclose any of said confidential information except in connection with this Agreement.  List Solutions further agrees that,  except in connection with the business of Owings, it will not copy or reproduce the original or any copies of said confidential information and will not directly divulge any of said confidential information to anyone without the prior written consent of Owings.

 

Article V

 

Assignment

 

6.01. This Agreement may be assigned by Owings upon written notice to List Solutions and shall be binding upon and inure to the benefit of such successors and assigns. .  Given the unique nature of the services to be performed by List Solutions.   This Agreement may not be assigned by List Solutions without the express written consent of Owings.

 

  

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ARTICLE VI

 

Entire Agreement

 

7.01. This Agreement constitutes the entire understanding between Owings and List Solutions concerning these services and supersedes any and all previous agreements between List Solutions and Owings or any of its affiliates and subsidiaries. This Agreement may not be changed orally, but only in a written instrument signed by both parties hereto.

 

Article VII

 

Applicable Law; Miscellaneous

 

8.01 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Maryland. All actions brought to interpret or enforce this Agreement shall be brought in federal courts in Maryland or state courts located in Baltimore County, Maryland. Notwithstanding the foregoing, at the sole option of Owings, all controversies under this Agreement may be subject to resolution by arbitration before the American Arbitration Association.    Should Owings elect to submit any dispute to Arbitration, Owings shall provide written notice to List Solutions, identifying in reasonable detail the matters to be arbitrated and the relief sought.  Arbitration shall be before a three-person tribunal of neutral arbitrators, consisting of attorneys with at least ten (10) years’ experience in commercial law. The American Arbitration Association (“AAA”) shall submit a list of persons meeting the criteria outlined above, and the parties shall mutually agree upon the three arbitrators. If the parties fail to select arbitrators as required within twenty (20) days after delivery of notice from the part desiring arbitration, the AAA shall appoint the arbitrator or arbitrators that have not been selected by the parties. The arbitrators shall be entitled to a fee commensurate hereunder. The arbitration shall be arbitrated in Baltimore County, Maryland  and shall be governed by Maryland  law. .

 

8.02 Attorney’s Fees. In addition to all other rights and benefits under this Agreement, each party agrees to reimburse the other for, and indemnify and hold harmless such party against, all costs and expenses (including attorney’s fees) incurred by such party (whether or not during the term of this Agreement or otherwise), if and to the extent that such party prevails on or is otherwise successful on the merits with respect to any action, claim or dispute relating in any manner to this Agreement or to any termination of this Agreement or in seeking to obtain or enforce any right or benefit provided by or claimed under this Agreement, taking into account the relative fault of each of the parties and any other relevant considerations.

 

8.03 Waiver. To the extent allowed by law, List Solutions will be held harmless and indemnified for any wrongdoing by Owings. Owings will be held harmless and indemnified by List Solutions for any wrongdoing by List Solutions.

 

8.04 Unenforceability, The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.

 

8.05 Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original and all of which together shall constitute one and the same instrument.

 

8.06 Section Headings. The section headings contained in this Agreement are inserted for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates written below,

 

 

THE OWINGS GROUP, LLC                                                                                     LIST SOLUTIONS, INC.

 

By: __/s/ Jordan Zukerberg___8/10/13                                                                                          __/s/ Thomas VanBuskirk____8/10/13

 

      Jordan Zukerberg, Member                                                      Date                                Thomas VanBuskirk, President                                                      Date

 

  

3fs1501_x103-list.htm

CLIENT SERVICES AGREEMENT- AMENDMENT

 

 

THIS AMENDMENT is entered into this 19th day of August, 2013 between Owings-1, LLC (“Owings”) and List Solutions, Inc (“List Solutions”).

 

WHEREAS, Section 6(b) of the Client Services Agreement dated May 10, 2013 between Owings-1 and List Solutions provides for the possibility that List Solutions shall compensate Owings-1 in stock for Owings-1’s services;

 

Owings-1 and List Solutions hereby agree that Owings-1 shall not be compensated by any shares of stock in List Solutions;

 

Owings-1 shall be compensated in cash as described in Section 6(a) of the Client Services Agreement.

 

All other provisions of the existing Client Services Agreement shall remain in effect.

 

 

	
  

	
WHEREFORE, the parties have executed this agreement as of the date first mentioned above.

 

 

OWINGS-1, LLC

 

By:  /s/Mark Johnson

        Mark Johnson, Managing Member

 

 

LIST SOLUTIONS, INC.

 

By: /s/Thomas VanBuskirk

       Thomas VanBuskirk, Presidentfs10901_x101-tran.htm

Exhibit 10.1 Client Service Agreement

CLIENT SERVICES AGREEMENT

THIS AGREEMENT is entered into this 10th day of May, 2013 between Owings-1, LLC (“Owings”) and Transfer Enterprises, Inc. (“Client”).

WHEREAS, Owings has developed a program for assisting companies interested in entering the public marketplace; and

WHEREAS, Client desires to engage the services of Owings to assist in the Client’s filing of an  S-1 Registration Statement (“the S-1”) with the Securities and Exchange Commission (“SEC”); and

NOW THEREFORE, the parties hereto, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound, do hereby agree as follows:

	
1.  

	
 RETENTION.  Client hereby engages Owings to act as the Client’s consultant and assist in the preparation and filing of an S-1 Registration Statement to be filed with the Securities and Exchange Commission.  The services shall include, but shall not be limited to: (i) the Preparation of the S-1 Registration Statement; (ii) assisting the client in the preparation of all financials; (iii) engaging (on behalf of the Client) and compensating an auditor to provide audited financial statements; (iv) engaging (on behalf of the Client) and compensating legal counsel to submit the S-1 and the accompanying legal opinions; (v) assisting the client in replying to all comments from the SEC;  (vi) identify and assist the Client in engaging a Transfer Agent for the Client; (vii) identify and assist the Client in securing market makers; and (viii) assisting the Client in becoming DTC eligible.

	
2.  

	
INTRODUCTIONS.  Once the S-1 is completed and approved, Owings will endeavor to

introduce the Client to potential sources of funding. Owings and the Client shall enter into a separate agreement for these services.

	
3.  

	
COMMERICALLY REASONABLE EFFORTS.  Owings will use all commercially

reasonable efforts, consistent with its business judgment, to assist the Client in the completion of the S-1 and securing SEC approval. Owing makes no representation, guarantee or promise that: (i) the S-1 will ultimately be approved; (ii) the Client will be able to raise any money; or (iii) that Owings will be successful in introducing the client to potential sources of investment.   In no event shall Owings be obligated to purchase the Client’s securities for its own account nor shall Owings otherwise be obligated to invest personally.

Initials________/________

  

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4.  

	
LICENSURE.  Client acknowledges that Owings is not a licensed Broker or Broker-

Dealer and that the information and services provided by Owings shall be in the form of advice for which a license is not required.

	
5.  

	
EXPENSES.  Pursuant to the terms of this Agreement, Owings and its partners shall

assume the cost of services to be provided in section 1 above.   Once the S-1 is approved, the Client shall be solely responsible for the preparation and filings necessary to maintain the Client’s status as a fully reporting, publicly traded company.  Client further agrees to maintain all such files for a period of a least one year following the approval of the S-1.

	
6.  

	
COMPENSATION.  As compensation to Owings for its services hereunder, Client agrees to pay Owings a fee of two hundred thousand dollars ($200,000) for its services.  The Client shall have the option of satisfying this fee in one of two ways.

	
a.  

	
Payment of two hundred thousand dollars ($200,000) upon the execution of this Agreement; or

 

 

	
b.  

	
In lieu of a cash payment, Client, at its election, may choose to compensate Owings in stock.  Should Client elect this option, the Client shall issue ________________ shares of restricted common stock (valued at  ___per share) to Owings upon the execution of this Agreement.

	
7.  

	
TERM AND TERMINATION.  Once engaged, Client agrees not to terminate the services of Owings in connection with the S-1 until the earlier of: (i) the approval of the S-1 by the SEC; or (ii) the expiration of 15 months following the initial filing of the S-1 without an approval from the SEC.  Once the S-1 is approved, this Agreement shall continue on a month to month basis until such time as it shall be terminated by either party upon written notice to the non-terminating party.  Client acknowledges that upon the execution of this Agreement, Owings will immediately begin the S-1 Registration process and will therefore immediately begin incurring expenses on the Client’s behalf.  Should the Client terminate this Agreement in breach of the terms of this section 7, Client agrees that the two hundred thousand dollars ($200,000.00) paid in accordance with section 6(a) above shall be non-refundable.  If Client elects to compensate Owings in stock in accordance with section 6(b) above, Client acknowledges that Owings will not be able to readily liquidate the stock received if the Client does not become a public entity. Client therefore agrees that upon a termination in breach of this section 7 following the issuance of such stock, Client shall be obligated to immediately pay Owings the sum of one hundred and twenty thousand dollars ($120,000.00) as liquidated damages.  Upon the receipt of the payment of the one hundred and twenty thousand dollars ($120,000.00), Owings agrees to return the stock received.   Until such time as

Initials________/________

  

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Client tenders payment of the sixty thousand dollars ($60,000.00) to Owings, Client agrees not to dilute Owings interest in Client.

	
8.  

	
INFORMATION AND COOPERATION.   Client will furnish to Owings, on a timely

basis and in a form satisfactory to Owings, such data and information as Owings may reasonably request to complete the S-1.  Client represents and warrants that such data and information is or will be accurate and complete in all material respects.  Client acknowledges that Owings is relying, without independent verification, on the accuracy and completeness of all information furnished.  Client further  agrees that its failure or inability to expeditiously  provide such data or information,  or to secure  timely  access to key  personnel  and  facilities,  may have a  material adverse affect on the scope, timing and success of this engagement.

	
9.  

	
SALE OF THE PUBLIC VEHICLE. In the event that the Client elects to compensate

Owings for its services in stock, the Client acknowledges that, after the registration is approved, Owings expects that it will be able to sell a sufficient portion of the acquired stock to recoup its investment.  Client there agrees as follows:

	
  

	
a.  If the Client elects not to remain in the public vehicle, ceases active operations or is otherwise no longer able to continue to operate its business inside of a public company before Owings can liquidate the shares acquired in the registration, the Client will retain Owings to locate a buyer for the public vehicle and sell all of the Client’s  interest in the public vehicle to such third party identified by Owings.  Once the public vehicle is sold, the first ___________in proceeds from the sale shall be tendered to Owings.  The balance shall be retained by the Client.

	
  

	
b.  If there is not a market for the Client’s securities so as to allow Owings to liquidate a sufficient portion of the stock received in the registration to return at least one hundred and twenty thousand dollars ($200,000.00) to Owings within six (6) months of the approval of the registration, the Client will retain Owings to locate a buyer for the public vehicle and sell all of the Client’s  interest in the public vehicle to such third party identified by Owings.  Once the public vehicle is sold, the first two hundred thousand dollars ($200,000.00) in proceeds from the sale shall be tendered to Owings.

	
10.  

	
UNAUTHORIZED USE OF MATERIALS PREPARED BY OWINGS. Client agrees

and acknowledges that the materials prepared by Owings on the Client’s behalf will contain confidential and proprietary information of Owings.  Therefore Client agrees not to use or disseminate any information to third parties for any purpose other than the completion of the S-1 referenced herein.

Initials________/________

 

  

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11.  

	
GOVERNING LAW.  This agreement shall be governed by and construed in accordance with the substantive laws of the State of Maryland.  Any suits, claims, causes of action,

or  disputes  arising  under this Agreement  shall be  brought  in the  courts  of the State of Maryland and/or the Federal Courts within the State of Maryland.

	
12.  

	
ENTIRE AGREEMENT; BINDING EFFECT.   This  Agreement  is the sole  and  entire

Agreement  between  the  parties pertaining  to  its  subject  matter  and   supersedes  all  prior agreements, representations  and  understandings  of the parties.  No modification of this Agreement shall be binding unless agreed to in writing by Owings and Client.  This Agreement shall be binding on and shall inure to the benefit of the successors and assigns of the parties hereto provided that neither this Agreement nor any of Owings' rights, undertakings or obligations hereunder may be assigned by Owings without the prior written consent of the Company.

 

WHEREFORE, the parties have executed this agreement as of the date first mentioned above.

OWINGS-1, LLC

 

By:  ____/s/ Mark Johnson____________

        Mark Johnson, Managing Member

TRANSFER ENTERPRISES, INC.

 

By: ____/s/ Jerry Gruenbaum__________

       Jerry Gruenbaum, President

  

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