Document:

ex10x4.htm

Exhibit 10.4

 

 

CONSULTING SERVICES AGREEMENT

CONSULTING SERVICES AGREEMENT (this “Agreement”) is entered into as of December 1st, 2010 by and between Malemark, Inc., a Colorado corporation (the “Company”), and MCM Capital Management, Inc. (“Consultants”).

 

 

RECITALS

A.  The Company desires to be assured of the association and services of Consultants and to avail itself of Consultant’s experience, skills, abilities, knowledge and background and is therefore willing to engage Consultants upon the terms and conditions set forth herein; and

B. Consultants agree to be engaged and retained by the Company upon the terms and conditions set forth herein.

AGREEMENT

NOW, THEREFORE, in consideration of the premises and the covenants, agreements and obligations set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby covenant and agree as follows:

1.  Consulting Services.  Consultants shall, on a part-time basis, provide corporate development and strategic management consulting services to the Company (the “Consulting Services”), including but not limited to: evaluation and due diligence of potential business opportunities, target acquisitions and assistance with all applicable guidelines and responsibilities of being a publically traded company.

2.  Term.  The term of this Agreement shall commence as of the date hereof and shall be effective for a period of one year (the “Term”).  This agreement may be extended under the same terms by mutual agreement between Consultants and the Company.

3.  Direction, Control and Coordination. Consultants shall perform the Consulting Services under the sole direction and with the approval of the Company’s Board of Directors.  Since the Consultants are members of the Company’s Board of Directors, Consultants shall perform the consulting services under the direction of an officer of the Company to whom such direction is delegate by resolution of the remaining Board of Directors.

4.  Dedication of Resources.  Consultants shall devote such time, attention and energy as is necessary to perform and discharge the duties and responsibilities under this Agreement in an efficient, trustworthy and professional manner.

5.  Standard of Performance.  Consultants shall use their best reasonable efforts to perform the consulting services as an advisor to the Company in an efficient, trustworthy and professional manner.  Consultants shall perform their consulting services to the sole satisfaction of, and in conjunction and cooperation with, the Company.

 

 

  

  

  

6.  Compensation.  The Company shall pay to Consultants a total of two thousand dollars ($2,000.00) per month in advance on the first day of each month in exchange for the Consulting Services.

7.  Confidential Information.  Consultants recognize and acknowledge that by reason of performance of Consultant’s services and duties to the Company (both during the Term and before or after it) Consultants have and will continue to have access to confidential information of the Company and its affiliates, including, without limitation, information and knowledge pertaining to innovations, designs, ideas, plans, trade secrets, proprietary information, advertising, distribution and sales methods and systems, and relationships between the Company and its affiliates and customers, clients, suppliers and others who have business dealings with the Company and its affiliates (“Confidential Information”). Consultants acknowledge that such Confidential Information is a valuable and unique asset and covenants that it will not, either during or for three (3) years after the term of this Agreement, disclose any such Confidential Information to any person for any reason whatsoever or use such Confidential Information (except as its duties hereunder may require) without the prior written authorization of the Company, unless such information is in the public domain through no fault of the Consultants or except as may be required by law.  Upon the Company’s request, the Consultants will return all tangible materials containing Confidential Information to the Company.  The Consultants also realize that as members of the Board of Directors, they have a fiduciary duty to keep confidential any and all matters sensitive to the Company.

8.  Relationship.  The only relationship that exists is that Consultants are members of the Board of Directors and this agreement does not create, and shall not be construed to create, any joint venture or partnership between the parties, and may not be construed as an employment agreement.  No officer, employee, agent, servant, or independent contractor of Consultants nor its affiliates shall at any time be deemed to be an employee, agent, servant, or broker of the Company for any purpose whatsoever solely as a result of this Agreement, and Consultants shall have no right or authority to assume or create any obligation or liability, express or implied, on the Company’s behalf, or to bind the Company in any manner or thing whatsoever.

9.  Notices.  Any notice required or desired to be given under this Agreement shall be in writing and shall be deemed given when personally delivered, sent by an overnight courier service, or sent by certified or registered mail to the following addresses, or such other address as to which one party may have notified the other in such manner:

	
If to the Company:          

	
Malemark, Inc.

5525 Erindale Dr, Suite 200

Colorado Springs, Colorado 80918

719-260-8509

719-260-8516 (fax)

 

If to the Consultants:

MCM Capital Management, Inc.

5525 Erindale Dr, Suite 201

Colorado Springs, CO 80918

719-260-8509

719-260-8516 fax

 

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10.  Applicable Law.  The validity, interpretation and performance of this Agreement shall be controlled by and construed under the laws of the State of Colorado.

11.  Severability.  The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provisions of this Agreement.

12.  Waiver of Breach.  The waiver by either party of a breach of any provision of this Agreement by the other shall not operate or be construed as a waiver of any subsequent breach by such party.  No waiver shall be valid unless in writing and signed by an authorized officer of the Company or Consultant.

13.  Assigns and Assignment.  This Agreement shall extend to, inure to the benefit of and be binding upon the parties hereto and their respective permitted successors and assigns; provided, however, that this Agreement may not be assigned or transferred, in whole or in part, by the Consultants except with the prior written consent of the Company.

14.  Entire Agreement.  This Agreement contains the entire understanding of the parties with respect to its subject matter. It may not be changed orally but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.

15.  Counterparts.  This Agreement may be executed by facsimile and in counterparts each of which shall constitute an original document, and both of which together shall constitute the same document.

Remainder of Page Left Blank Intentionally

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first above written.

 

	 	The Company:   	
MALEMARK, INC.

	 
	 	 	 	 
	 	 	By:	/s/ Herman DeBoard	 
	 	 	 	
Herman DeBoard, President

	 
	 	 	 	 

 

	 	The Consultants: 	

MCM CAPITAL MANAGEMANT, INC.

	 
	 	 	 	 
	 	 	By:	/s/ Raymond E. McElhaney	 
	 	 	 	

Raymond E. McElhaney, President

	 
	 	 	 	 

 

 

 

 

 

 

 

4ex10x8.htm

Exhibit 10.5

 

 

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the "Agreement"), effective as of the 1st day of October, 2009, by and between MALEMARK, INC., a Colorado corporation with its principal place of business located at 5525 Erindale Dr., Suite 201, Colorado Springs, CO 80918 (hereinafter referred to as "Company" or "Employer") and Herman Deboard, III (hereinafter referred to as the "Employee").

 

RECITALS

 

NOW THEREFORE, in consideration of the Recitals and the mutual covenants, promises, agreements, representations and warranties contained in this Agreement, the parties hereby accept employment on the terms and conditions hereinafter set forth.

1.           Term.         Subject to the provisions for termination hereinafter provided, the initial two (2) year term of this Agreement shall commence on October 1, 2009 and terminate on September 30, 2012, and shall continue thereafter on a year to year basis unless terminated by the Company by delivery of written notice to the Employee not later than sixty (60) days prior to the date for termination as indicated in said notice.

2.           Compensation and Performance Review.

a)            For all services rendered by the Employee under this Agreement, commencing October 01, 2009, the Company shall be obligated to pay the Employee a salary of $7,500.00 per month, payable in accordance with the Employer's regular payroll procedure.

b)           At the end of every yearly period after the commencement of the term of this agreement, the Company shall grant the Employee a performance and salary review for the purposes of gauging the performance of the Employee for the preceding year and adjusting the salary of the Employee hereunder looking to the results of such review and the Company's financial progress, among other things, as guides in such adjustments; provided, however, compensation payable to the Employee pursuant to this provision shall in no event be reduced from that fixed by Subparagraph (a) in this Section 2.

3.           Duties.       Employee is engaged as the President of the Company.  In such capacity, Employee shall exercise detailed supervision over the operations of the Company subject, however, to control by the Board of Directors.  The Employee shall perform all duties incident to the title of President and such other duties as from time to time may be assigned to him by the Board of Directors.

4.           Best Efforts of Employee.      The Employee shall devote his full time efforts to the business of the Company and to all of the duties that may be required by the terms of this Agreement to the reasonable satisfaction of the Company.   The Employee shall at all times faithfully, with diligence and to the best of his ability, experience and talents, perform all the duties that may be required of and from his pursuant to the express and implicit terms hereof to the reasonable satisfaction of the Company.  Such services shall be rendered at such other place or places as the Company shall in good faith require or as the interest, needs, business or opportunity of the Company shall require.  The Employee agrees not to engage in any employment or consulting work or any trade or business for his account or for or on behalf of any other person, firm or corporation, unless the Employee obtains prior written consent from the Board of Directors of the Company.

 

 

  

  

  

5.           Working Facilities.    The Employee shall be furnished with all such facilities and services suitable to his position and adequate for the performance of his duties.

6.           Expenses.     The Employee is authorized to incur reasonable expenses for promoting the business of the Company, including his out-of-pocket expenses for entertainment, travel and similar items.  The Company shall reimburse the Employee for all such expenses on the presentation by the Employee, from time to time, of an itemized account of such expenditures in accordance with the guidelines set forth by the Internal Revenue Service for travel and entertainment.

7.           Benefits.     The Employee shall be entitled to receive any and all health, insurance, disability or any other benefit plan adopted by the Board of Directors from time to time for the benefit of its employees.

8.           Vacation.    The Employee shall be entitled each year to a vacation of a reasonable amount during which time his compensation shall be paid in full.

9.           Disability.

a)  Should the Employee, by reason of illness or incapacity, be unable to perform his job for a period of up to and including a maximum of three (3) months, the compensation payable for and during such period under this Agreement shall be unabated. The Board of Directors shall have the right to determine the incapacity of the Employee for the purposes of this provision, and any such determination shall be evidenced by its written opinion delivered to the Employee.  Such written opinion shall specify with particularity the reasons supporting such opinion and be manually signed by at least a majority of the Board.  Should the Board of Directors determine the Employee incapable of the performance of his duties, the Employee's compensation thereafter shall be reduced to zero.

b)  The Employee shall receive full compensation upon his return to employment and regular discharge of his full duties hereunder.  Should the Employee be absent from his employment for whatever cause for a continuous period of more than 365 calendar days, the Company may terminate this Agreement and all obligations of the Company hereunder shall cease upon such termination.

 

 

  

  

  

10.           Termination.

 

a)  The Company may terminate this Agreement with cause at any time with immediate notice to the Employee thereof, and such notice having been given, this Agreement shall terminate in accordance therewith.  For the purpose of this section, "cause" shall be defined as meaning such conduct by the Employee which constitutes in fact and/or law a breach of fiduciary duty or felonious conduct having the effect, in the opinion of the Board of Directors, of materially adversely affecting the Company and/or its reputation.

b)  The Company may terminate this Agreement without cause by giving sixty (60) days written notice to the Employee, and such notice having been given, this Agreement shall terminate in accordance therewith.

c)  The Employee may terminate this Agreement without cause by giving sixty (60) days written notice to the Company, and such notice having been given, this Agreement shall terminate in accordance therewith.

d)  In the event of termination without cause or being asked to resign as part of a merger, acquisition, buyout or any corporate restructure, the Employee shall be entitled to receive compensation through the original term specified in paragraph one (1).  Such compensation shall be paid in full at the date of termination only if the Employment Agreement is terminated without cause.  After the date of termination, all benefit and incentive programs of any kind or nature then in place shall terminate.

11.           Notices.  All notices, demands, elections, opinions or requests (however characterized or described) required or authorized hereunder shall be deemed given sufficiently if in writing and sent by registered or certified mail, return receipt requested and postage prepaid, or by tested telex, telegram or cable to, in the case of the Company:

 

Malemark, Inc.

5525 Erindale Dr.

Suite 201

Colorado Springs, CO 80918

 

and in the case of the Employee:

 

Herman DeBoard, III

        Colorado Springs, CO 80918

 

 

 

  

  

  

12.            Confidential Information.       During the term of this Agreement, the Employee will have access to certain confidential information and materials, including but not limited to  information, originated by the Company or disclosed to the Company by others under agreements to hold the same confidential (“Confidential Information”).  Confidential Information further includes, but is not limited to, all technical, engineering, property and  information, financial, business practices, customer lists, customer identities and commercial information heretofore or hereafter disclosed or transmitted by the Company in any form and manner to the Employee or otherwise received by the Employee, whether orally or in writing.  Employee acknowledges that Employee shall not either directly or indirectly use, disclose or communicate to any person or entity any Confidential Information for any purpose at all whether during or after the term of this Agreement, except to the extent any such information becomes generally known to the public through no fault of Employee.   Furthermore, the terms of this provision survive the Term of this Agreement, or any termination thereof.

13.           Remedies.    Employee acknowledges that any failure to carry out an obligation under this Agreement, or a breach by the Employee of any provision herein, will constitute immediate and irreparable damage to the Company, which cannot be fully and adequately compensated in money damages and which will warrant preliminary and other injunctive relief, an order for specific performance, and other equitable relief.   Employee also understands that other actions may be taken and remedies enforced against the Employee, including termination of any other agreements the Employee may have with the Company.

14.           Entire Agreement.     This Agreement contains the entire agreement between the Company and the Employee, regarding employment of the Employee.  This Agreement shall not be modified except by written agreement signed by both parties.

15.           Headings.    The subject headings of the articles and sections contained in this Agreement are included for convenience purposes only and shall not control or affect the meaning, construction or interpretation of any provision hereof.

16.           Assigns.     This Agreement shall be binding upon the Company and Employee, their respective heirs, executors, legal representatives, successors and assigns.

17.           Waiver and Severability.    No waiver by either party of any breach or default hereof by the other shall be deemed to be a waiver of any preceding or succeeding breach or default hereof, and no waiver shall be operative unless the same shall be in writing.   Should any provision of this Agreement be declared invalid by a court of competent jurisdiction, the remaining provisions hereof shall remain in full force and effect regardless of such declaration.

18.           Arbitration.     Any dispute regarding the subject matter of this Agreement shall be resolved by binding arbitration to be conducted by an arbitration association upon mutual written agreement of the parties.  The prevailing party shall be entitled to an award of attorney's fees, costs and expenses.  The award may be converted to an order of a court of competent jurisdiction, and each party voluntarily submits to personal jurisdiction in the federal and state courts located in Colorado.  Notwithstanding the aforementioned, the Company shall be entitled to seek injunctive relief for violation of the provisions of Section 12 herein, as provided in Section 13 herein.

 

 

  

  

  

19.            Counterparts.    This Agreement may be executed in several counterparts, and as to executed shall constitute one Agreement, binding on all parties hereto, notwithstanding that all parties are not signatory as to other original or the same counterpart.  Facsimile signatures are acceptable.

20.            Time.   Time is of the essence.

21.           Governing Law.   This Agreement shall be construed under the laws of the State of Colorado.

IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first above written.

 

 

	
THE COMPANY:  

MALEMARK, INC.

 

	 	 	
THE EMPLOYEE:

	 
	
/s/ Christina B.T. DeBoard

	 	 	
/s/ Herman C. Deboard, III

	 
	
Christina B.T. DeBoard, Secretary

	 	 	

Herman C. Deboard, III

	 
	
 

	 	 	
 

	 

  

  

  

AGREEMENT

I, Herman C. DeBoard III, hereby agree to accept six thousand five hundred dollars ($6500.00) per month as payment in full for my services until July 1, 2010, in which my monthly amount will raised to eight thousand one hundred sixty six dollars and sixty seven cents ($8166.67) per month. This amount supersedes the amount as outlined in my Employment Agreement dated October 1, 2009 by and between myself and Malemark, Inc. All other terms and conditions of the Employment Agreement dated October 1, 2009 remain in full force and effect.

Agreed to this 1st day of October, 2009.

By

 

 

	/s/ Herman C. DeBoard III	 	 	 
	

Herman C. DeBoard III

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