Document:

altimo_ex104.htm

EXHIBIT 10.4

 

Description of Marek Tomaszewski’s Verbal Agreement with Altimo Group Corp.

 

Mr. Tomaszewski, the sole officer and director of Altimo Group Corp. (the “Company”) has verbally agreed to loan the Company funds necessary to complete the registration process on Form S-1. The loan is unsecured and does not bear interest nor have a maturity date or a repayment provision or other terms and conditions.srer_ex101.htm

EXHIBIT 10.1

 

FIRST AMENDMENT TO

PROMISSORY NOTE

This First Amendment to Promissory Note (this “Amendment”) is entered into on July 11, 2013 by and between SearchCore, Inc., a Nevada corporation (the “Company”) and James Pakulis, an individual (the “Holder”)

RECITALS

WHEREAS, Company and Holder are parties to that certain Promissory Note dated December 31, 2012 in the original principal amount of $161,250 (the “Original Note”);

WHEREAS, Company and Holder desire to amend certain provisions of the Original Note, effective as of June 30, 2013, as set forth herein.

NOW, THEREFORE, for good and adequate consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Holder agree as follows:

AGREEMENT

1.           Section 2 of the Original Note is restated in its entirety as follows:

“2.           PAYMENT OF THE NOTE.  The Principal Amount of this Note shall be paid by the Company as follows:

 

(a) The Company shall pay the Holder Thirty Seven Thousand Five Hundred Dollars ($37,500) on September 30, 2013; and

 

(b) The Company shall make twenty three (23) equal monthly installments of principal and interest of Five Thousand Four Hundred Thirty Four Dollars and Ninety Four Cents ($5,434.94) beginning September 30, 2013 and continuing on the 30th of each month thereafter.

 

If any payment of principal or interest under this Note shall not be made within ten (10) business days when due, a late charge of ten percent (10%) of the outstanding payment amount may be charged by Holder for the purpose of defraying the expenses incident to handling such delinquent payments.  Such late charge represents a reasonable sum considering all of the circumstances existing on the date of this Note and represents a fair and reasonable estimate of the costs that will be sustained by Holder due to the failure of Company to make timely payments.”

 

  

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2.           Other than as set forth herein, the terms and conditions of the Original Note shall remain in full force and effect.

 

IN WITNESS WHEREOF, Company and Holder have executed this Agreement on the date first written above.

	
“Holder”

	
“Company”

	  	  
	  	
SearchCore, Inc.

	  	
a Nevada corporation

	  	  
	  	  
	
/s/ James Pakulis                                                     

	
/s/ James Pakulis                                                     

	By:	
James Pakulis, an individual

	By:	
James Pakulis

	  	Its:	
President and Chief Executive Officer

	  	  
	  	  
	  	
/s/ Munjit Johal                                                     

	  	By:	
Munjit Johal

	  	Its:	
Chief Financial Officer

 

 

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EXHIBIT 10.2

 

FIRST AMENDMENT TO

PROMISSORY NOTE

This First Amendment to Promissory Note (this “Amendment”) is entered into on July 11, 2013 by and between SearchCore, Inc., a Nevada corporation (the “Company”) and Sabas Carrillo, an individual (the “Holder”)

RECITALS

WHEREAS, Company and Holder are parties to that certain Promissory Note dated December 31, 2012 in the original principal amount of $53,750 (the “Original Note”);

WHEREAS, Company and Holder desire to amend certain provisions of the Original Note, effective as of June 30, 2013, as set forth herein.

NOW, THEREFORE, for good and adequate consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Holder agree as follows:

AGREEMENT

1.           Section 2 of the Original Note is restated in its entirety as follows:

 

“2.           PAYMENT OF THE NOTE.  The Principal Amount of this Note shall be paid by the Company as follows:

 

(a) The Company shall pay the Holder Twelve Thousand Five Hundred Dollars ($12,500) on September 30, 2013; and

 

(b) The Company shall make twenty three (23) equal monthly installments of principal and interest of One Thousand Eight Hundred Eleven Dollars and Sixty Five Cents ($1,811.65) beginning September 30, 2013 and continuing on the 30th of each month thereafter.

 

If any payment of principal or interest under this Note shall not be made within ten (10) business days when due, a late charge of ten percent (10%) of the outstanding payment amount may be charged by Holder for the purpose of defraying the expenses incident to handling such delinquent payments.  Such late charge represents a reasonable sum considering all of the circumstances existing on the date of this Note and represents a fair and reasonable estimate of the costs that will be sustained by Holder due to the failure of Company to make timely payments.”

 

  

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2.           Other than as set forth herein, the terms and conditions of the Original Note shall remain in full force and effect.

 

IN WITNESS WHEREOF, Company and Holder have executed this Agreement on the date first written above.

	
“Holder”

	
“Company”

	  	  
	  	
SearchCore, Inc.

	  	
a Nevada corporation

	  	  
	  	  
	
/s/ Sabas Carrillo                                                 

	
/s/ James Pakulis                                                     

	By:	
Sabas Carrillo, an individual

	By:	
James Pakulis

	  	Its:	
President and Chief Executive Officer

	  	  
	  	  
	  	  
	  	  
	  	  

 

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EXHIBIT 10.3

 

  

1

  

 

  

2

  

 

  

3

  

 

 

  

 

4CONSULTING AGREEMENT

 

THIS CONSULTING AGREEMENT,
dated as of July 2, 2013 (the “Agreement”), by and between Pan Asia Infratech Corp., a Nevada corporation with
a business address located at 123 W. Nye Lane, Suite 455, Carson City, Nevada. (the “Company”), and Dr. Amanjit
Singh Josan, an individual with a primary residence located at 7673 Black Walnut Trail, Mississauga, Ontario, Canada (the “Consultant”)
(individually, a “Party”, collectively, the “Parties”).

 

RECITALS

 

WHEREAS, the Company
has requested of Consultant and the Consultant has agreed to provide certain Services (as defined below) to the Company.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants contained herein, the Parties agree as follows:

 

1. Services.
Consultant agrees to familiarize itself to the extent it deems appropriate and feasible with the business, operations, properties,
financial condition and prospects of the Company and to perform and provide, as the Company reasonably and specifically requests,
certain strategic and corporate consulting services to the Company (“Services”), including but not limited to:
(i) assessing the feasibility of starting a greenhouse business in India with a focus in Punjab to begin with and providing general
advice on how the Company should launch a greenhouse business in India; (ii) assisting with business development; (iii) reporting
as to developments concerning the industry which may be relevant or of interest or concern to the Company or the Company’s
business; and (iv) developing strategic planning issues. The parties contemplate that to a significant degree these services shall
be performed through the undertaking of various facility and site visits in Punjab, India and consulting with field and academic
experts on the ground. The results of the Services shall be reported in the form of a professional report, including recommendations.
NONE OF THE SERVICES PROVIDED BY CONSULTANT HEREIN SHALL INVOLVE FINANCIAL PUBLIC RELATIONS, INVESTOR RELATIONS OR THE RAISING
OF DEBT OR EQUITY CAPITAL, AND NOTHING IN THIS AGREEMENT SHALL BE CONSTRUED AS TO OBLIGATE OR REQUIRE THE CONSULTANT TO RAISE DEBT
OR EQUITY CAPITAL.

 

The Parties hereby confirm
and acknowledge that the Services rendered by Consultant hereunder: (a) consist and will consist of bona fide services rendered
and to be rendered to Company, (b) are not and will not be in connection with the offer or sale of securities in capital raising
transactions, and (c) do not and will not promote or maintain a market for the securities of Company.

 

2. Compensation.

 

(i) In consideration
of the Services to be provided by the Consultant, the Company agrees to pay to Consultant Seven thousand five hundred Dollars (US$7,500)
payable based on a travel schedule to be agreed between the parties; the Parties contemplate the amount payable to cover the travel
and other miscellaneous expenses of Consultant’s Services. If however the Consultant is required to visit states outside
of Punjab or New Delhi, the travel expenses will be provided by the Company in negotiation with the Consultant.

 

(ii) It is expressly
understood and agreed that in connection with the Services to be performed by the Consultant, the Consultant shall be solely responsible
for any and all taxes arising from the consulting fees paid to the Consultant hereinafter.

 

3. Term.
Consultant’s engagement shall be for a period of six (6) months (“Term”). Thereafter, the agreement may be terminated
by either the Company or Consultant at any time, with or without cause, upon written notice to that effect to the other party.
The Consultant will have a physical duration of consultancy in Punjab, India for a period of one (1) month (“Research Term”)
for study and research purposes.

 

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4. Information.
The Company shall furnish Consultant such information as Consultant reasonably requests in connection with the performance of its
services hereunder (all such information so furnished is referred to herein as the “Information”). The Company understands
and agrees that Consultant, in performing its services hereunder, will use and rely upon the Information as well as publicly available
information regarding the Company and any potential partners and that Consultant shall not assume responsibility for independent
verification of any information, whether publicly available or otherwise furnished to it, concerning the Company or any potential
partner, including, without limitation, any financial information, forecasts or projections, considered by Consultant in connection
with the rendering of its services. Accordingly, Consultant shall be entitled to assume and rely upon the accuracy and completeness
of all such information and is not required to conduct a physical inspection of any of the properties or assets, or to prepare
or obtain any independent evaluation or appraisal of any of the assets or liabilities, of the Company or any potential partner.
With respect to any financial forecasts and projections made available to Consultant by the Company or any potential partners and
used by Consultant in its analysis, Consultant shall be entitled to assume that such forecasts and projections have been reasonably
prepared on bases reflecting the best currently available estimates and judgments of the management of the Company or any potential
partner, as the case may be, as to the matters covered thereby.

 

5. Representations
and Warranties. The Consultant hereby represents and warrants to the Company that:

 

(i) he has full legal
capacity to enter into this Agreement and to provide the Services hereunder without violation or conflict with any other agreement
or instrument to which the Consultant is a party or may be bound;

 

(ii) in the course
of performing the Services hereunder, the Consultant will not infringe the patent, trademark or copyright (collectively, “Intellectual
Property”) of any third party;

 

(iii) the execution,
delivery and performance of this Agreement does not and will not conflict with, violate or breach its constituent documents or
any agreement (including, without limitation, any other distribution agreement), decree, order or judgment or any law or regulation
to which it is a party or subject or by which it or any of its properties or assets is bound.

 

6. Relationship
of the Parties. The Consultant shall be an independent contractor and the Consultant shall not be considered in any manner
an employee of the Company and the relationship of the Company and the Consultant shall not in any manner create an employer-employee
relationship between the parties.

 

7. No Waiver.
The failure of any of the parties hereto to enforce any provision hereof on any occasion shall not be deemed to be a waiver of
any preceding or succeeding breach of such provision or of any other provision.

 

8. Entire Agreement.
This Agreement constitutes the entire Agreement and understanding of the parties hereto.

 

9. Amendments.
No amendment, modification or waiver of any provision herein shall be effective unless in writing, executed by each of the parties
hereto.

 

10. Governing
Law; Jurisdiction. This Agreement shall be construed, interpreted and enforced in accordance with and shall be governed
by the laws of the State of Nevada applicable to agreements made and to be performed entirely therein. In the event that either
Party hereto shall take legal action to enforce any of the provisions of this Agreement, the Parties agree that the exclusive jurisdiction
for such legal action shall be the state courts of Nevada or the federal courts residing in the State of Nevada.

 

11. Binding
Effect; Nonassisgnable. This Agreement shall bind and inure to the benefit of the Parties, their successors and assigns.
This Agreement shall not be assignable by either party without the prior written consent of the nona party.

 

12. Notices.
Any notice under the provisions of this Agreement shall be deemed given when received and shall be given by hand, reputable overnight
courier service, by registered or certified mail, return receipt requested, directed to the addresses set forth above, or by delivery
to email addresses of regular correspondence if copied to CEO@panglobalcorp.com
for the Company and to amanjitjosan@yahoo.com for Consultant,
unless notice of a new addresses has been sent pursuant to the terms of this section.

 

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13. Unenforceability;
Severability. If any provision of this Agreement is found to be void or unenforceable by a court of competent jurisdiction,
the remaining provisions of this Agreement shall, nevertheless, be binding upon the Parties with the same force and effect as though
the unenforceable part had been severed and deleted.

 

14. Counterparts. This Agreement
may be executed in one or more counterparts, all of which shall be deemed to be duplicate originals.

 

IN WITNESS WHEREOF,
the Parties hereto have executed this instrument the date first above written.

 

	 	COMPANY:
	 	 
	 	PAN ASIA INFRATECH CORP.
	 	 
	 	By:	/s/ Bharat Vasandani
	 	Name:	Bharat Vasandani 
	 	Title:	President, Chief Executive Officer and Chief Financial Officer 
	 	 	 
	 	CONSULTANT:
	 	 
	 		/s/ Amanjit Singh Josan
	 	 	Dr. Amanjit Singh Josan

 

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