Document:

ex10_12.htm

    
      

    

    
      
         

        Consulting
          Agreement

        

        This
          Consulting Agreement ("Agreement") is made and entered into as
          of  September 18, 2007, by Ignis Petroleum Group, Inc, a Nevada
          corporation (the "Company"), and Lifestyles Integration, Inc, a Texas
          corporation ("Consultant").

        

        Recitals

         

        
          	
                  A.

                	
                  The
                    Company is currently engaged in the business of exploration for
                    and
                    production of natural gas and oil.

                

        

         

        
          	
                  B.

                	
                  The
                    Company has recently experienced financial difficulties, has
                    found it
                    difficult to grow the company, and has lost key executives. The
                    President
                    and CEO (“CEO”) has determined it is in the best interest of the Company
                    to obtain interim executive leadership for the
                    Company.

                

        

         

        
          	
                  C.

                	
                  Consultant
                    has substantial expertise in executive leadership and consulting
                    with and
                    providing management advice to companies involved in the energy
                    industry
                    in connection with the formulation of business plans and strategies
                    enabling growth and analysis of business and operating
                    procedures.

                

        

         

        
          	
                  D.

                	
                  Consultant
                    has been providing consulting services to the Company since January
                    31,
                    2006 pursuant to a Consulting Agreement dated January 24, 2006
                    (the “Prior
                    Consulting Agreement”).  Although the Prior Consulting Agreement
                    expired April 30, 2006, the Consultant has continued to provide
                    consulting
                    services to the Company under the terms of the Prior Consulting
                    Agreement
                    on a month-to-month basis through the date
                    hereof.

                

        

         

        
          	
                  E.

                	
                  Consultant
                    and the Company have agreed on the terms and conditions pursuant
                    to which
                    Consultant will continue to be retained to provide consulting
                    services to
                    the CEO.  This agreement will document and govern the terms and
                    conditions of Consultant’s provision of Consulting Services from May 1,
                    2006 through December 31, 2007 as more fully set forth
                    below.

                

        

        

        NOW,
          THEREFORE, the parties agree as follows:

        

        
          	
                  1.

                	
                  Appointment
                    of Consultant

                

        

        

        Appointment;
          Reporting

        

        By
          this
          Agreement, the Company appoints Consultant, and Consultant accepts such
          appointment, to provide advice and consulting services to the Company’s CEO, in
          accordance with the terms and conditions of this Agreement.  It is
          expressly understood
          and agreed that Consultant is
          appointed by, and shall report to, the Company’s CEO.

        
          
            
            

          

          
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        Nature
          of Consulting Services

         

        Consultant
          is retained to perform the following consulting services (the
          "Services"):

         

        
          	
                   

                	
                  (a)

                	
                  To
                    review the Company’s current position, assist Company in selecting from
                    among the available strategic options for stabilization/growth,
                    and
                    recommend a path forward;

                

        

         

        
          	
                   

                	
                  (b)

                	
                  Support
                    the Company’s efforts to expand by analyzing and negotiating, under the
                    CEO’s direction, potential acquisitions using input data provided
                    by the
                    Company.  Provide Company with scenarios for the potential
                    future performance of the prospects under the range of conditions
                    defined
                    by the Company;

                

        

         

        
          	
                   

                	
                  (c)

                	
                  Generate
                    structural options for making and financing proposed acquisitions
                    based on
                    the Company’s stated objectives and resources.  Discuss options
                    with Company Senior management and document options
                    selected.  Participate in negotiating such documents, under the
                    CEO’s direction.

                

        

         

        
          	
                   

                	
                  (d)

                	
                  Support
                    the Company in the development of communications materials for
                    use by
                    Company Management in presenting to Funding Sources and sellers
                    of assets
                    of interest.

                

        

         

        
          	
                   

                	
                  (e)

                	
                  Provide
                    comments and advice to Company Senior Management on negotiating
                    positions
                    taken and written communications as requested by Company Senior
                    management
                    and negotiate on the company’s behalf, under the CEO’s
                    direction.

                

        

         

        The
          Company expressly acknowledges and agrees that Consultant is retained to
          analyze
          and provide advice and recommendations regarding the foregoing matters
          and
          execute tasks given by the CEO under the direction of the CEO, and that
          Consultant does not guarantee or warrant any specific results or outcome
          of any
          of the Services.

         

        It
          is
          expressly agreed that Consultant will provide services similar to those
          typically provided by an Executive Vice President and Chief Operating Officer
          (“COO”), however; the Company acknowledges and agrees:

         

        
          	
                   

                	
                  ·

                	
                  That
                    the Consultant’s role is to provide advice to the Company’s management
                    based on data provided and approved by the
                    Company.

                

        

         

        
          	
                   

                	
                  ·

                	
                  The
                    Company, its board of directors, and officers remain solely responsible
                    for all business decisions in accordance with the Company’s bylaws and
                    other applicable law.

                

        

         

        
          	
                   

                	
                  ·

                	
                  The
                    Consultant does not accept the legal duties owed by officers
                    and directors
                    to the Company’s shareholders, and the Company has not retained the
                    Consultant to discharge any such
                    duties.

                

        

         

        Services
          NOT Provided

         

        Consultant
          does NOT provide any of the following services and Company explicitly
          acknowledges that it has obtained or will obtain the services of others
          to
          advise Company in these areas;

         

        
          	
                   

                	
                  (a)

                	
                  Legal
                    services,

                

        

         

        
          	
                   

                	
                  (b)

                	
                  Valuation
                    services

                

        

         

        
          	
                   

                	
                  (c)

                	
                  Investment
                    banking services

                

        

         

        
          	
                   

                	
                  (d)

                	
                  Landman
                    services

                

        

        
          
            
            

          

          
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                  (e)

                	
                  Environmental
                    services

                

        

         

        
          	
                   

                	
                  (f)

                	
                  Geological/Geophysical
                    services

                

        

         

        
          	
                   

                	
                  (g)

                	
                  Engineering
                    services

                

        

         

        The
          above
          list is provided to illustrate services not provided and is not intended
          to be
          exhaustive.

         

        Reporting

         

        Therefore
          it is mutually agreed that there will be no formal progress reports made
          during
          the conduct of this engagement.  Consultant will maintain close
          working contact with the Company’s CEO and provide him with work product
          required by him to support the objectives of the Company in the form of
          spreadsheets, emails, presentation materials, or other forms as required
          to
          deliver the Services defined above.  

         

        Hours
          of Consulting; Personnel; Additional
          Consultants

         

        It
          is
          expressly agreed that Consultant will provide the services of its President
          (“President”) to perform the Services.  President will devote a
          minimum of three working days per week to performing the services excluding
          reasonable periods of vacation and public holidays defined by Consultants
          policies.

         

        Status
          of
          Consultant

         

        Consultant
          and the Company expressly agree that Consultant is an independent contractor,
          and all Services performed under this Agreement are performed by Consultant
          as
          an independent contractor.  Consultant shall control the time, manner,
          and place of performance of the Services.

         

        
          	
                  2.

                	
                  Term;
                    Termination or Suspension

                

        

         

        
          	
                   

                	
                  (a)

                	
                  Except
                    as provided below, this Agreement, and the Services to be performed
                    under
                    it, commenced on May 1, 2006, and shall continue thereafter until
                    terminated by either party as described below.

                

        

         

        
          	
                   

                	
                  (b)

                	
                  The
                    Company may terminate this Agreement at any time, but the Company
                    shall
                    continue to pay the Consultant for the Services through December
                    1, 2007
                    unless the termination is for cause.  The term “cause” shall
                    mean:

                

        

         

        
          	
                   

                	
                  (i)

                	
                  Consultant
                    willful failure, neglect, refusal, or nonperformance, at any
                    time, of
                    Consultant's duties or obligations set forth in this Agreement
                    or in
                    Consultant’s Retention Bonus Agreement with the Company dated June 1, 2007
                    (the “Retention Bonus Agreement”), or a willful breach by Consultant of
                    this Agreement or the Retention Bonus
                    Agreement;

                

        

         

        
          	
                   

                	
                  (ii)

                	
                  Consultant
                    conviction or no contest or guilty plea to or indictment for
                    (or its
                    procedural equivalent) a felony or crime involving moral turpitude,
                    or
                    Consultant or Consultant’s Employee’s guilty plea or no contest plea to a
                    lesser included offense or crime in exchange for withdrawal of
                    a felony
                    indictment, felony charge by information, or a charged crime
                    involving
                    moral turpitude, whether the charge arises under federal, state
                    or local
                    law;

                

        

         

        
          
            
            

          

          
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                  (iii)

                	
                  Consultant’s
                    Employee’s death or disability rendering
                    Consultant’s employee incapable of performing duties or obligations set
                    forth in this Agreement or in the Retention Bonus Agreement for
                    longer
                    than 4 weeks;

                

        

         

        
          	
                   

                	
                  (iv)

                	
                  Consultant
                    appropriation (or attempted appropriation) of a material business
                    opportunity of the Company or any of its affiliates, including,
                    without
                    limitation, attempting to secure or securing, any personal profit
                    in
                    connection with any transaction entered into on behalf of the
                    Company or
                    any of its affiliates;

                

        

         

        
          	
                   

                	
                  (v)

                	
                  Consultant
                    commission of an act of fraud, illegality, theft or willful misconduct
                    toward the Company or any of its affiliates in the course of
                    employment
                    with the Company that relates to the Company's or any of its
                    affiliates'
                    assets, activities, operations or other
                    employees;

                

        

         

        
          	
                   

                	
                  (vi)

                	
                  Consultant’s
                    repeated intoxication with alcohol or drugs while on the Company's
                    premises during regular business hours;
                    or

                

        

         

        
          	
                   

                	
                  (vii)

                	
                  Consultant’s
                    gross incompetence that has a material adverse impact on the
                    Company's
                    finances or operations or a pattern of gross incompetence of
                    Consultant’s
                    Employee’s, in each case as determined in good faith by the Board of
                    Managers of the Company;

                

        

         

        
          	
                   

                	
                  (c)

                	
                  After
                    December 1, 2007, the Company may terminate this Agreement upon
                    giving 30
                    days' prior written notice thereof to
                    Consultant.

                

        

         

        
          	
                   

                	
                  (d)

                	
                  After
                    December 1, 2007, and upon termination or cancellation of this
                    Agreement,
                    the Company shall have no liability to Consultant under this
                    Agreement
                    except for charges for Services performed by Consultant and accepted
                    by
                    the Company prior to receipt of notice of termination or cancellation
                    and
                    the 30 day notice period provided for in Paragraph 2(c).  The
                    terms and conditions in this Agreement that by their sense and
                    context are
                    intended to survive the performance hereof by either or both
                    parties
                    hereunder shall so survive the termination, cancellation, or
                    completion of
                    performance of this Agreement.

                

        

         

        
          	
                   

                	
                  (e)

                	
                  The
                    Consultant may terminate this Agreement upon giving 30 days'
                    prior written
                    notice thereof to Company or for good reason.  The term “good
                    reason” shall mean the Company’s breach of this Agreement or the Retention
                    Bonus Agreement and the continuing breach by the Company after
                    receiving
                    written notice by the Consultant giving the Company at least
                    15 days to
                    cure such breach.  If this Agreement is terminated for good
                    reason by Consultant prior to December 1, 2007, Company shall
                    continue to
                    pay the Consultant for the Services through December 1,
                    2007.

                

        

         

        
          	
                   

                	
                  (f)

                	
                  Upon
                    termination or cancellation of this Agreement, the Consultant
                    shall have
                    no liability to Company under this agreement.  The terms and
                    conditions in this Agreement that by their sense and context
                    are intended
                    to survive the performance hereof by either or both parties hereunder
                    shall so survive the termination, cancellation, or completion
                    of
                    performance of this Agreement.

                

        

        
          
            
            

          

          
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                  (g)

                	
                  Upon
                    completion of Consultant's services hereunder or at such other
                    time as may
                    be requested by Company, Consultant shall return to Company all
                    documents,
                    records, notebooks, including copies thereof, whether prepared
                    by
                    Consultant or others, in Consultant's
                    possession.

                

        

         

        
          	
                  3.

                	
                  Compensation;
                    Expenses

                

        

         

        Consulting
          Fees

         

        
          	
                   

                	
                  (a)

                	
                  Consultant
                    acknowledges that he was previously paid, as compensation for
                    the
                    performance of the Services during the period from May 1, 2006
                    through May
                    31, 2007, the following amounts:

                

        

         

        
          	
                   

                	
                  (i)

                	
                  The
                    sum of $10,000 per month; and

                

        

         

        
          	
                   

                	
                  (ii)

                	
                  The
                    sum of 30,000 shares of the Company’s restricted Common Stock per
                    month.

                

        

         

        
          	
                   

                	
                  (b)

                	
                  As
                    compensation for the performance of the Services beginning June
                    1, 2007
                    and continuing thereafter during the term of this Agreement,
                    Consultant
                    shall be paid the following amounts (with the Consultant acknowledging
                    that he has previously been paid such amounts for services provided
                    through August 31 2007):

                

        

         

        
          	
                   

                	
                  (i)

                	
                  The
                    sum of $12,500 per month (“Monthly Compensation”), paid in advance to
                    Consultant for each month during the term of this Agreement,
                    as
                    compensation for the Services performed while working three days
                    per week;
                    and

                

        

         

        
          	
                   

                	
                  (ii)

                	
                  The
                    sum of $2,083 per day (twice the daily rate implied by the Monthly
                    Compensation assuming 12 standard work days each month), payable
                    on
                    receipt of an invoice from Consultant, as compensation for the
                    Services
                    performed for each day worked beyond three days in any given
                    week;
                    and

                

        

         

        
          	
                   

                	
                  (iii)

                	
                  30,000
                    shares of the Company’s restricted Common Stock per month, granted in
                    advance to Consultant for each month during the term of this
                    Agreement, as
                    compensation for the Services
                    performed.

                

        

         

        The
          compensation described in this Section 3.1 excludes any amounts payable
          to
          Consultant under the Retention Bonus Agreement.

         

        
          
            
            

          

          
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        Reimbursement
          of Expenses

         

        The
          Company shall reimburse Consultant for all reasonable and necessary business
          and
          travel expenses actually incurred by Consultant in performing the services,
          subject to receipt of a written request for reimbursement.  Expenses
          include but are not limited to travel, lodging, meals, copying, printing,
          telecommunications, and IT costs.  Company may request appropriate
          supporting documentation which Consultant will provide, at Company’s expense,
          within 7 business days per month of documentation
          requested.  Consultant may request prepayment of expected expenses
          reimbursement not more frequently than once every two (2) weeks during
          the term
          of this Agreement, and the Company shall pay Consultant within 5 business
          days
          following receipt of such request.  Consultant shall adjust each
          request for prepayment of expected expenses by the difference between the
          previous periods expected expenses and the expenses actually
          incurred.  Consultant’s final invoice will, when paid, result in total
          expense reimbursements from Company equaling actual expenses
          incurred.

         

        Withholding;
          Benefits

         

        All
          fees
          payable to Consultant under this Agreement shall be made in full, and without
          any withholding, deduction, or offset of any state or federal withholding
          taxes,
          FICA, SDI, or income taxes, nor shall the Company be obligated to pay any
          of
          Consultant's employees' taxes.  Consultant hereby covenants and agrees
          that it shall be solely responsible for all taxes, withholding, FICA, SDI,
          and
          other similar items (both employee and employer portions) with respect
          to all
          fees paid by the Company under this Agreement, and agrees to indemnify
          and hold
          the Company harmless with respect to such taxes and
          withholding.  Neither Consultant nor Principal shall be eligible for,
          shall participate in, or shall be entitled to compensation in lieu of any
          insurance, benefit, retirement, or other plan or program provided by the
          Company
          to its employees.

         

        
          	
                  4.

                	
                  Confidentiality

                

        

         

        Definitions

         

        As
          used
          in this Agreement, the following words, terms, and phrases shall have the
          meanings set forth below:

         

        
          	
                   

                	
                  (a)

                	
                  "Confidential
                    Information" shall mean and include any and all Information (as
                    defined in
                    this Agreement) of the following types: (i) business or financial
                    information, financial statements, projections, business plans,
                    or
                    strategic or marketing plans, market studies, or analyses; (ii)
                    cost and
                    expense information, pricing and discount information, gross
                    or net profit
                    margins, or analyses; (iii) technical data, specifications, computer
                    software (including both source code and object code or "executable"
                    software), databases, and database designs; (iv) processes, transactions,
                    and transaction procedures; (v) production data, shop drawings,
                    engineering studies or reports, feasibility studies or manufacturing
                    studies, parts lists, product specifications, identity of suppliers
                    or
                    terms of supply agreements or arrangements, production procedures,
                    trade
                    secrets, or secret or proprietary processes and formulae; (vi)
                    marketing
                    and customer data (including, but not limited to, identity or
                    demographic
                    analyses of customers), focus group reports, "shopping" reports,
                    and
                    marketing or advertising studies; (vii) terms, conditions, provisions,
                    or
                    obligations of any contracts or agreements to which the Company
                    is a party
                    or to which any of its assets are subject, or the identity of
                    any Person
                    who is a party to any contract or agreement with the Company;
                    (viii)
                    procedural or operational manuals, employee manuals, training
                    manuals, or
                    programs; (ix) site selections or review reports, site selection
                    criteria,
                    demographic analyses of or regarding any locations of retail
                    outlets of
                    the Company, the terms of any lease for any such retail outlet,
                    or any
                    summary thereof; (x) the identity of any employee of the Company,
                    and the
                    compensation, benefits, or terms of employment of any such employee;
                    and
                    (xi) such other information of or regarding the Company that
                    the Company
                    actually maintains as confidential or proprietary; provided,
                    however, that
                    such information shall be deemed confidential only to the extent
                    that it
                    (a) has not been previously disclosed to the public, or (b) is
                    not
                    ascertainable from public or published information or trade sources,
                    or
                    (c) is not subsequently publicly disclosed (other than by a violation
                    of
                    this Agreement).  Any Information that is marked or otherwise
                    identified as "Confidential Information" at the time of Disclosure
                    shall
                    be presumed to be Confidential Information for the purposes of
                    this
                    Agreement.

                

        

        
          
            
            

          

          
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                  (b)

                	
                  "Information"
                    shall mean and include any data or information Disclosed  (as
                    defined in this Agreement) in the form of (i) any written information,
                    reports, documents, books, notebooks, memoranda, charts, or graphs;
                    (ii)
                    computer tapes, disks, CD-ROM, files, or other mechanical or
                    electronic
                    media; (iii) oral statements, representations, or presentations;
                    (iv)
                    audio, visual, or audio-visual materials or presentations, including
                    audiotapes, videocassettes, laser discs, or CDs; and (v) any
                    other
                    documentary, written, magnetic, or other permanent or semi-permanent
                    form.

                

        

         

        
          	
                   

                	
                  (c)

                	
                  "Disclose"
                    or "Disclosure" shall mean and include any delivery, transmittal,
                    presentation, or representation of Information, by any Person
                    to any other
                    Person.

                

        

         

        
          	
                   

                	
                  (d)

                	
                  "Person"
                    shall mean and include any individual or natural person, corporation,
                    trust, proprietorship, partnership, limited partnership, joint
                    venture,
                    limited liability company, limited liability partnership, or
                    any other
                    entity.

                

        

         

        Agreement
          to Provide Information

         

        In
          connection with the performance of the Services by Consultant, the Company
          agrees to promptly and fully Disclose to Consultant any Information of
          or
          regarding the Company, its business, or operations, including Confidential
          Information, as Consultant may reasonably request.

         

        Agreement
          to Maintain Confidentiality

         

        Consultant
          agrees to retain and maintain in strict
          confidence, and to require its representatives, agents, employees, officers,
          directors, shareholders, partners, principals, successors, assignees, members,
          affiliates, consultants, or professional representatives and advisors to
          retain
          in confidence any and all Confidential Information of the
          Company.  Consultant agrees that, without the prior express written
          consent of the Company, Consultant shall not,:  (i) Disclose any such
          Confidential Information to any other Person; (ii) use any such Confidential
          Information for the benefit of any Person other than the Company; or (iii)
          permit any Confidential Information to be Disclosed to or used by any Person
          other than the Company.

         

        Continuation
          of Covenant; Obligations on
          Termination

         

        Consultant
          expressly agrees and acknowledges that the obligation of Consultant pursuant
          to
          Section 4.3 of this Agreement shall continue, notwithstanding the expiration
          of
          this Agreement, the completion of the Services, and/or any termination
          of this
          Agreement by either Consultant or the Company, so long as Consultant, has
          any
          knowledge, possession, or control of, or access to, any Confidential Information
          of the Company.  Upon the completion of the Services, or any other
          termination or expiration of this Agreement, for any reason, Consultant
          shall,
          if required to do so by the Company, promptly return to the Company (without
          retaining copies, in any medium) any and all Confidential Information of
          the
          Company in the possession or control of Consultant.

        
          
            
            

          

          
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                  5.

                	
                  Indemnification.

                

        

         

        General
          Agreement for Indemnification.

         

        The
          Company hereby agrees to indemnify, defend and hold Consultant harmless
          from and
          against all claims, liabilities, losses, damages and expenses as they are
          incurred, including legal fees and disbursements of counsel and the costs
          of
          Consultant’s professional time, relating to or arising out of any transaction or
          matter which is related to the subject matter of this Agreement, including
          any
          legal proceeding in which Consultant may be required or agree to participate
          but
          in which it is not a party.  THIS INDEMNITY SHALL APPLY TO
          MATTERS THAT ARISE OUT OF THE NEGLIGENCE, STRICT LIABILITY OR OTHER GUILT
          OR
          RESPONSIBILITY BY SUCH CONSULTANT OR CONSULTANT’S EMPLOYEE; PROVIDED, HOWEVER,
          THAT THIS INDEMNITY SHALL NOT APPLY TO MATTERS ARISING OUT OF THE GROSS
          NEGLIGENCE, WILLFUL MISCONDUCT, OR BREACH OF THIS AGREEMENT BY SUCH CONSULTANT
          OR CONSULTANT’S EMPLOYEE.

         

        Consultant
          agrees to notify the Company of the commencement of any action for which
          indemnification is sought hereunder, but the failure so to notify the Company
          will not relieve the Company from liability hereunder unless and to the
          extent
          such failure prejudices the Company or results in the forfeiture by the
          Company
          of any rights and/or defenses.  The Company shall, upon notice to
          Consultant, be entitled to assume the defense of any action for which
          indemnification is sought hereunder with counsel of the Company’s own choice at
          the Company’s expense (in which case the Company shall not thereafter be
          responsible for the fees and expenses of any separate counsel retained
          by
          Consultant except as set forth below), provided, however, that such counsel
          shall be satisfactory to Consultant.  The Company shall continue to be
          responsible for any reasonable costs incurred by Consultant for investigation
          requested by the Company or for providing evidence as a witness in such
          proceeding.  Notwithstanding the Company’s election to assume the
          defense of such action, Consultant shall have the right to employ separate
          counsel and to participate in the defense of such action, and the Company
          shall
          bear the reasonable fees, costs and expenses of such separate counsel if
          (i) the
          use of counsel chosen by the Company to represent Consultant would present
          such
          counsel with a conflict of interest, or such counsel fails to make a
          determination that it has no conflict of interest with respect to its
          representation of Consultant; (ii) the actual or potential defendants in,
          or
          targets of, any such action include both the Company and Consultant, and
          Consultant shall have reasonably concluded that there may be legal defenses
          available to Consultant which are different from or additional to those
          available to the Company (in which case the Company shall not have the
          right to
          assume the defense of such action on Consultant’s behalf); (iii) the Company
          shall not have employed counsel satisfactory to Consultant to represent
          Consultant within a reasonable time after notice of the institution of
          such
          action; or (iv) the Company shall authorize Consultant to employ separate
          counsel at the Company’s expense.  The Company shall not settle any
          proceeding without the consent of Consultant, unless such settlement includes
          a
          provision releasing Consultant from all liability in respect to the claims
          against Consultant.

        
          
            
            

          

          
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        Survival
          and Succession.

         

        The
          Company’s obligation to indemnify Consultant as provided in paragraph 5.1 shall
          survive the termination of this Agreement.  Further, this Agreement,
          in its entirety, shall inure to the benefit of and be binding on the successors
          and assigns of the Company and Consultant, and the indemnity agreement
          set forth
          in Paragraph 5.1 hereof shall extend to and inure to the benefit of any
          affiliates, stockholders and employees of Consultant and any successors,
          assigns, heirs and personal representatives of any such person or
          entity.

         

        Notices

         

        Any
          notices to be given under this Agreement shall be in writing, sent by registered
          or certified mail, postage prepaid, return receipt requested,, addressed
          to such
          party as follows:

         

        
          	
                   

                	
                  (a)

                	
                  Notices
                    to the Company:

                

        

         

         

        Ignis
          Petroleum Group, Inc

         

        One
          Legacy Town Center

         

        7160
          Dallas Parkway, Suite 380

         

        Plano,
          Texas 75024

         

         

        Attn.:
          Michael Piazza, President and CEO

         

         

        
          	
                   

                	
                  (b)

                	
                  Notices
                    to Consultant:

                

        

         

         

        Lifestyles
          Integration, Inc.

         

        4208
          Bamford Dr.

         

        Austin,
          Texas 78731

         

         

        Attn.:
          Eric Hanlon

         

         

        Notices
          sent in accordance with this Section shall be deemed effective on the date
          of
          dispatch.  Any changes in the information set forth in this Section
          shall be upon notice to the other party delivered in the manner set forth
          above.

         

        Entire
          Agreement

         

        This
          Agreement, as supplemented by the Retention Bonus Agreement, constitutes
          the
          entire understanding between the parties, and supersedes all prior agreements
          and negotiations, whether oral or written. There are no other agreements
          between
          the parties, except as set forth in this Agreement and the Retention Bonus
          Agreement.  No supplement, modification, waiver, or termination of
          this Agreement shall be binding unless in writing and executed by all parties
          to
          this Agreement.

        
          
            
            

          

          
            Page
              9 of
              11

            
              

            

          

          
            
            

          

        

         

        Assignment;
          Binding
          Effect

         

        Neither
          this Agreement nor any rights, benefits, or obligations under it may be
          assigned
          by any party to this Agreement without the prior express written consent
          of the
          other party.  Subject to the foregoing, this Agreement shall inure to
          the benefit of and be binding upon all of the parties to this Agreement
          and
          their respective executors, administrators, successors, and permitted
          assigns.

         

        Severability

         

        In
          the
          event any of the provisions of this Agreement are found by a court of competent
          jurisdiction to be invalid, illegal, or unenforceable, the validity, legality,
          and enforceability of the remaining provisions shall not be
          affected.

         

        Construction

         

        The
          headings of the Sections contained in this Agreement are for reference
          purposes
          only, and shall not affect the meaning or interpretation of this
          Agreement.  The parties have been advised by counsel in connection
          with this Agreement.  This Agreement shall be construed and
          interpreted in accordance with the
          plain meaning
          of its language, and not for or against either party, and as a whole, giving
          effect to all of the terms, conditions, and provisions of this
          Agreement.

         

        Governing
          Law

         

        This
          Agreement shall be governed by and construed in accordance with the laws
          of the
          State of Texas.

         

        Counterparts

         

        This
          Agreement may be executed in two or more counterparts, which shall together
          constitute one and the same agreement.

         

        Attorney
          Fees

         

        In
          the
          event that any party to this Agreement shall commence any suit or action
to interpret
          or enforce this Agreement, the
          prevailing party in such action shall recover that party's costs and expenses
          incurred in connection with the suit or action, including attorney fees
          and
          costs of appeal, if any.

         

        Limitation
          of Liability

         

        The
          Company further agrees that if Consultant should be liable for loss or
          damage of
          any kind, including any claim of loss or damage arising out of the failure
          of
          Consultant to discharge Consultant’s duties under this Agreement, other than
          that arising out of the willful misconduct or gross negligence by Consultant
          or
          Consultant’s employee, Consultant’s liability will be limited to a sum equal to
          $20,000.00 and that the provisions of this paragraph will apply if loss
          or
          damage, irrespective of cause or origin, results directly or indirectly,
          to
          persons or property from the performance of obligations imposed by this
          Agreement, or from negligence, active or otherwise, of Consultant, its
          agents
          and employees. The Company must provide Consultant written notice of any
          claim
          of loss or damage, irrespective of cause or origin, including any claim
          of loss
          or damage arising out of the failure of Consultant to discharge Consultant’s
          duties under this Agreement, within Four weeks of the act or omission of
          Consultant that the Company contends was the cause of any such loss or
          damage.  Any such claim for loss or damage on the part of the Company
          against Consultant for which timely written notice is not provided as required
          by this paragraph is expressly waived by the Company.

        
          
            
            

          

          
            Page
              10 of
              11

            
              

            

          

          
            
            

          

        

         

        IN
          WITNESS WHEREOF, the parties have executed this
          Agreement as of the date first written above.

         

         

        COMPANY

         

        By:
          Michael P. Piazza

         

        /s/
          Michael P. Piazza

         

        Its:
          President and CEO

         

         

        CONSULTANT

         

        /s/
          Eric
          B. Hanlon

         

        Eric
          B.
          Hanlon

    

     

     

    Page
      11 of
      11Exhibit
      10.1

    VOTING
      TRUST AGREEMENT

    

    THIS
      VOTING TRUST AGREEMENT (the “Agreement”) is dated as of October 15, 2007, by and
      among Margie Chassman (the “Stockholder”), Collexis Holdings, Inc., a Nevada
      corporation (the “Company”) and William D. Kirkland, Chief Executive Officer of
      the Company (the “Trustee”).

    

    RECITALS

    

    A.    The
      Stockholder currently owns 30,999,456 shares (the “Initial
      Shares”)
      of the
      Company’s Common Stock (the “Common
      Stock”).
      The
      Stockholder currently owns no other shares of the Company’s capital
      stock.

    

    B.    The
      Initial Shares constitute approximately 48.8% of the outstanding Common Stock
      as
      of the date of this Agreement.

    

    C.    The
      Stockholder believes that it is in her best interests and in the best interests
      of the Company to transfer all of the Trust Shares (as hereinafter defined)
      to
      the Trustee in trust for the purpose of permitting the Trustee to vote those
      shares as provided in this Agreement.

    

    D.    In
      accordance with the provisions of this Agreement, the Stockholder has agreed
      to
      deposit, or cause to be deposited, into the Trust: (i) the Initial Shares;
      and
      (ii) any other shares of the Company’s capital stock that the Stockholder
      hereafter acquires (including, without limitation, any shares of capital stock
      of the Company that may be issued upon the exercise of rights, warrants or
      options to purchase, or other securities convertible into or exchangeable for,
      the Common Stock) (collectively, the “Additional
      Shares”).

    

    E.    The
      Stockholder desires to empower the Trustee to vote all of the shares of the
      Company’s capital stock that become subject to the terms and conditions of this
      Agreement.

    

    AGREEMENT

    

    NOW,
      THEREFORE, in consideration of the foregoing and of the agreements contained
      in
      this Agreement, the parties hereby agree as follows:

    

    1.    Definitions.
      For all
      purposes of this Agreement, except as otherwise expressly provided in this
      Agreement or unless the context otherwise requires:

    

    (i)    
      capitalized
      terms defined in the Recitals to this Agreement have the meanings assigned
      to
      them there;

    

    (ii)    capitalized
      terms defined in other Sections of this Agreement have the meanings assigned
      to
      them there;

    

    (iii)   all
      capitalized terms defined in this Agreement include the plural as well as the
      singular and vice versa, when the context requires; and

    

    (iv)   where
      appropriate, all references to the masculine in this Agreement include both
      the
      feminine and the neuter, and vice versa, when the context requires.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    “Chassman
      Affiliate”
means:
      (i) a Chassman Family Member; (ii) an individual that is supported, directly
      or
      indirectly, to a material extent by Chassman or any Chassman Family Member;
      (iii) an individual that is (or has been during the past three months) employed
      directly or indirectly by Chassman or any Chassman Family Member; (iv) an
      individual or entity that is (or has been during the past three months) retained
      by Chassman or any Chassman Family Member as a consultant generally operating
      at
      the direction of Chassman or such Chassman Family Member; or (v) an entity
      that
      controls, is controlled by, or is under common control with, the Stockholder
      or
      any Chassman Family Member. Notwithstanding the foregoing, the following shall
      not be deemed to be a Chassman Affiliate for purposes of Section 3(c) and,
      pursuant to such Section 3(c), shall not be required to deposit shares of the
      Company into the Trust: officers, directors and employees of the Company who
      would not otherwise meet the definition of a Chassman Affiliate but for their
      position as an officer, director or employee of the Company or any subsidiary
      of
      the Company, including but not limited to any joint venture in which the Company
      has an interest.

    

    “Chassman
      Family Member”
means
      any former, existing or future spouse, parent, child, sibling, mother-in-law,
      father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law
      of
      the Stockholder.

    

    “control”
      (including the terms “controlled by” and “under common control with”) means the
      possession, direct or indirect, of the power to direct or cause the direction
      of
      the management and policies of any entity, whether through the ownership of
      voting securities, by contract or otherwise.

    

    “Excluded
      Shares”
means:
      all shares of the Company’s capital stock acquired by all Chassman Affiliates in
      the aggregate on or after the date of this Agreement until the number of shares
      so acquired equals one percent (1%) of the Company’s issued and outstanding
      capital stock. Conversely, all shares of the Company’s capital stock acquired by
      all Chassman Affiliates in the aggregate on or after the date of this Agreement
      that are in excess of one percent (1%) of the Company’s issued and outstanding
      capital stock shall not constitute Excluded Shares.

    

    “Trust
      Beneficiary”
means
      the Stockholder and any other beneficial owner of shares of the Company’s
      capital stock who or that becomes subject to the terms and conditions of this
      Agreement.

    

    “Trust
      Shares”
means
      the Initial Shares, the Additional Shares and any other shares of the Company’s
      capital stock that become subject to the terms and conditions of this Agreement
      (including, without limitation, any Initial Shares or Additional Shares or
      other
      shares of the Company’s capital stock that are acquired by a Chassman Affiliate
      on or after the date of this Agreement), provided,
      however,
      that
      all Excluded Shares acquired on or after the date of this Agreement shall not
      be
      included in the definition of “Trust Shares” and will not be subject to the
      terms and conditions of this Agreement. 

    

    2.    Appointment
      of the Trustee.
      The
      Stockholder hereby appoints the Trustee to serve as the Trustee of the Collexis
      Holdings, Inc. Voting Trust, the trust established by this Agreement (the
“Trust”), and the Trustee hereby accepts such appointment and agrees to act as
      Trustee of the Trust in accordance with the terms of this Agreement.

    

    3.    Deposit
      of Shares.

    

    (a)    Deposit
      of Initial Shares.
      Concurrently with the execution of this Agreement, the Stockholder will endorse
      in blank and assign and deliver to the Trustee all certificates for the Initial
      Shares and shall do all things necessary for the transfer of the Initial Shares
      to the Trustee on the books of the Company.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    (b)    Deposit
      of Additional Shares.
      For so
      long as this Agreement remains in effect, the Stockholder agrees to deliver
      to
      the Trustee certificates for all Additional Shares hereafter acquired by the
      Stockholder or any Chassman Family Member immediately upon becoming the record
      or beneficial owner of those shares, duly endorsed for transfer or accompanied
      by duly executed instruments of transfer.

    

    (c)    Deposit
      of Shares to be Acquired by a Chassman Affiliate.
      For so
      long as this Agreement remains in effect, the Stockholder agrees to cause any
      Chassman Affiliate who intends to acquire any Trust Shares (hereinafter, a
      “Chassman
      Affiliate Stockholder”):
      (i)
      to become a party to this Agreement; and (ii) to consent to the registration,
      transfer and issuance of those shares in the name of the Trustee (for the
      benefit of such Chassman Affiliate Stockholder). Thereafter, such Chassman
      Affiliate Stockholder shall be included within the definition of “Trust
      Beneficiary”
for
      all
      purposes of this Agreement.

    

    (d)    Release
      of Shares from Trust.
      If the
      Stockholder or any Chassman Affiliate Stockholder sells or transfers any of
      the
      Trust Shares to a third party (other than to the Stockholder, a Chassman Family
      Member, a Chassman Affiliate or a Chassman Affiliate Stockholder), then, upon
      the closing of such transaction or upon written notice thereafter, the Trust
      Shares so transferred shall be released from this Trust.

    

    4.    Trustee’s
      Powers and Duties.

    

    (a)    Voting
      Powers.
      Until
      the termination of this Agreement in accordance with Section 8, the Trustee
      shall have the right, in person or by proxy, to exercise all voting rights
      and
      powers in respect of the Trust Shares, and to take part in or consent to any
      corporate or stockholder’s action of any kind whatsoever. The right to vote
      shall include the right to vote for the election of directors and in favor
      of or
      against any resolution or proposed action of any kind or character that may
      be
      presented at any meeting of the stockholders of the Company (whether at an
      annual or special meeting of stockholders of the Company or by written consent
      action of the stockholders of the Company), including without limitation the
      dissolution, consolidation, merger, reorganization or recapitalization of the
      Company.

    

    (b)    Voting
      Procedures.
      With
      regard to any matter submitted to the Company’s stockholders for a vote
      (including by written consent), the Trustee shall give instructions to the
      Company (which may be done by executing and delivering a proxy) to the effect
      that the Trust Shares are being voted on such matter “on a pro rata basis
      proportionate to all other votes actually cast.” The Trustee shall vote the
      Trust Shares on a pro rata basis proportionate to all other votes, other than
      the Trust Shares, actually cast on the particular matter, except with respect
      to
      matters that under current or future Nevada law require approval by a class
      of
      outstanding shares of the Company, which class includes the Trust Shares, and
      in
      such event the Trust Shares shall be voted on a pro rata basis proportionate
      to
      all other votes of Shares of such class actually cast, other than Trust Shares,
      actually voting on the particular matter.

    

    5.    Sales
      of Trust Shares.
      The
      Trustee shall have no authority to sell or otherwise dispose of or to pledge,
      encumber or hypothecate any of the Trust Shares. Subject to compliance with
      applicable securities laws and any contractual restrictions to which any Trust
      Beneficiary or the Trust Shares may be subject, the Trust Beneficiaries shall
      have the right, in their sole discretion, to sell or otherwise dispose of or
      to
      pledge, encumber or hypothecate, any of the Trust Shares, provided,
      however,
      that
      any such transfer to a Chassman Affiliate shall be subject to the condition
      precedent that such Chassman Affiliate agrees in writing to be bound by this
      Agreement.

    

    6.    Dividends
      and Distributions on the Trust Shares.
      Upon
      the declaration of any dividends or the payment of any other distribution of
      the
      Company with respect to Trust Shares held for the benefit of the Trust
      Beneficiaries (other than pro rata distributions of additional voting shares
      of
      the Company, which shall be deposited into the Trust), the Trustee shall
      distribute or cause the Company to distribute all such dividends and
      distributions to the Trust Beneficiaries. In the event of the dissolution,
      liquidation or winding up of the Company during the term of this Agreement
      in
      such manner as to entitle the Trust Beneficiaries to liquidating dividends
      in
      respect of the Trust Shares, the Trustee shall distribute or cause the Company
      to distribute all such liquidating dividends with respect to the Trust Shares
      to
      the Trust Beneficiaries.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    7.    The
      Trustee.

    

    (a)    Company’s
      Chief Executive Officer as Trustee.
      The
      Trustee is the Company’s Chief Executive Officer as of the date of this
      Agreement, and he shall continue to serve as Trustee for as long as he serves
      as
      the Company’s Chief Executive Officer. Effective immediately on the retirement,
      removal or resignation of the Trustee from his position as Company’s Chief
      Executive Officer, the Trustee shall be deemed to have resigned from his
      position as Trustee, and in such event the Trustee’s successor as the Company’s
      Chief Executive Officer shall automatically become the Trustee, provided,
      however,
      that if
      for any reason there shall not be an immediate successor to the position of
      Chief Executive Officer, then the Company’s Secretary (and in the absence of the
      Secretary, the Company’s Chairman of the Board of Directors) shall thereupon
      assume the position of Trustee until a successor Chief Executive Officer is
      properly appointed or elected. Any successor Trustee shall enjoy all the rights,
      powers, interests and immunities of the Trustee as originally designated, and
      the title to the Trust Shares of any Trustee who may be replaced as provided
      above shall, upon such replacement, vest in the successor Trustee.

    

    (b)    Relationship
      of Parties.
      The
      Trust created by this Agreement is not intended to be, and shall not be deemed
      to be, and shall not be treated as, a general partnership, limited partnership,
      joint venture, corporation, or joint stock company or association. The
      relationship of the Trust Beneficiaries to the Trustee shall be solely that
      of
      stockholder and beneficiary of the Trust created by this Agreement, and their
      rights shall be limited to those conferred by this Agreement.

    

    (c)    Consultation
      with Outside Advisors.
      The
      Trustee may consult with legal counsel, which may be counsel to the Company
      or
      any of its affiliates or any of its or its affiliates’ officers, directors or
      partners.

    

    (d)    Liability
      of Trustee.
      In
      voting on all matters that may come before any meeting of stockholders of the
      Company, the Trustee shall vote the Trust Shares in the manner prescribed by
      this Agreement, and it is understood that the Trustee shall not incur
      responsibility by reason of any error of judgment or of law or by any matter
      or
      thing done or omitted under this Agreement, except for his own individual gross
      negligence or willful misconduct. The Trustee shall always be protected and
      free
      from liability in acting upon any notice, request, consent, instruction,
      certificate, declaration, telefax, guarantee, affidavit, or other paper or
      document or signature reasonably believed by him to be genuine and to have
      been
      signed by the proper party or parties or by the party or parties purporting
      to
      have signed the same.

    

    (e)    Trustee’
      Indemnity.
      The
      Company shall indemnify, defend and hold harmless the Trustee against any and
      all losses, damages, liabilities, obligations, claims, demands, judgments,
      settlements, governmental investigations, costs and expenses of any nature
      whatsoever, including the reasonable fees and expenses of attorneys, accountants
      and consultants (collectively, “Damages”),
      incurred in connection with or arising from the performance of his duties under
      this Agreement (except for the Trustee’s gross negligence or willful
      misconduct). Such indemnification shall be paid as incurred and on demand,
      subject to an undertaking by the Trustee to repay if it is ultimately determined
      that he is not entitled to such indemnification. If any Trust Beneficiary shall
      request the Trustee to bring an action on his or her behalf, then such Trust
      Beneficiary shall pay in advance all the expense of prosecuting such action
      and
      shall indemnify, defend and hold harmless the Trustee against all Damages
      incurred in connection with such action. The Trustee shall have no obligation
      to
      commence or proceed with such suit unless he is satisfied that all necessary
      monies have been paid in advance for this purpose.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    8.    Continuance
      and Termination of Trust.

    

    (a)    Term
      and Termination.
      This
      Agreement shall become effective as of the date of this Agreement and shall
      terminate on the earlier of: (i) the 10th anniversary of the date of this
      Agreement; (ii) at such time as the aggregate Trust Shares represent, in the
      aggregate, less than 19% of the voting interest of the Company’s outstanding
      capital stock; provided,
      however,
      that
      notwithstanding the foregoing, this Agreement shall not terminate if its
      continued existence is required by a third party regulatory authority (e.g.,
      if
      required as a condition to the continued listing of the Company’s, or any
      successor’s, equity securities on the principal trading market for such equity
      securities). Except as otherwise provided in this Agreement, the Trust created
      by this Agreement is hereby expressly declared to be irrevocable.

    

    (b)    Consolidation,
      Exchange, Recapitalization.
      In the
      event of a consolidation, share-for-share exchange, recapitalization or other
      reorganization involving the Company, this Agreement shall be effective and
      shall remain in force for its full term, substituting, where appropriate, (i)
      new Trust Shares for the shares issued in such consolidation, exchange,
      recapitalization or other reorganization, and (ii) the successor’s Chief
      Executive Officer as the Trustee.

    

    (c)    Actions
      Following Termination.

    

    (i)    As
      soon
      as practicable after the termination of this Agreement, the Trustee shall by
      formal assignment of the Trust Shares cause the Company to deliver to the Trust
      Beneficiaries share certificates or securities representing the number of Trust
      Shares (together with any other property distributed in respect of such Trust
      Shares and not yet delivered to the relevant Trust Beneficiary).

    

    (ii)   If
      any
      Trust Beneficiary cannot be located, the Trustee may in his discretion deliver
      the appropriate Trust Shares and/or other property to the Company for the
      benefit of the person or persons entitled to those Trust Shares and/or other
      property. Upon any such delivery, the Trustee shall be fully acquitted and
      discharged with respect to the delivery of those Trust Shares and/or other
      property.

    

    9.    Inspection
      of Records.
      The
      Trustee shall keep at the Company’s principal executive office (the
“Executive
      Office”),
      correct books of account of all business and transactions conducted under this
      Agreement, and a record of the names of all persons who are subject to this
      Agreement, showing their places of residence and the number and type of shares
      they delivered to the Trustee as provided in this Agreement. 

    

    10.    Miscellaneous.

    

    (a)    Filing
      of Agreement.
      The
      Trustee shall cause to be filed a copy of this Agreement, and every amendment
      or
      supplement to it, in the registered office of the Company and at the Executive
      Office, which Agreement shall be open to the inspection by any Trust Beneficiary
      or any stockholder of the Company, or the attorney of agent of either, during
      business hours of the Company.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    (b)    Successors
      and Assigns.
      This
      Agreement shall bind the Trustee, the Company and the Trust Beneficiaries and
      each and all of their respective heirs, executors, administrators, personal
      representatives, successors, assigns and permitted transferees, and shall inure
      to the benefit of the Trustee, the Company and the Trust Beneficiaries and
      their
      respective heirs, executors, administrators, personal representatives,
      successors, assigns and permitted transferees.

    

    (c)    Notices.
      Unless
      otherwise expressly provided in this Agreement, all notices, requests, demands,
      instructions, documents and other communications to be given under this
      Agreement by any party to another shall be in writing, shall be sent to the
      address/fax number set forth below (provided that any party may at any time
      change its address for notice or other such information by giving written notice
      thereof in accordance with this Section), and shall be deemed to be duly given
      upon the earliest of: (i) hand delivery; (ii) the first business day after
      sending by reputable overnight delivery service for next-day delivery; (iii)
      the
      fifth business day after sending by first class United States mail, postage
      prepaid; (iv) the time of successful facsimile transmission (or in the event
      the
      time of receipt of the fax in the city where the fax is received is not during
      regular business hours on a business day, then at the customary hour for the
      opening of business on the next business day); or (v) the date actually received
      by the other party:

    

    
      	
              If
                to the Stockholder:

            	
              (to
                be provided)

               

            
	
              If
                to theTrustee:

            	
              William
                D. Kirkland

              Chief
                Executive Officer

              Collexis
                Holdings, Inc.

              1201
                Main Street

              Suite
                980

              Columbia,
                SC 29201

              TEL:
                (803) 727-1113

              FAX:
                (803) 727 1118

               

            
	
              If
                to the Company:

            	
              Collexis
                Holdings, Inc.

              1201
                Main Street

              Suite
                980

              Columbia,
                SC 29201

              TEL:
                (803) 727-1113

              FAX:
                (803) 727 1118

              ATTN:
                Corporate Secretary

            

    

    

    (d)    Counterparts.
      This
      Agreement may be executed in multiple counterparts, each of which shall be
      deemed an original but all of which taken together shall constitute one
      instrument.

    

    (e)    Enforceability.
      If in
      any judicial proceedings, a court shall refuse to enforce any of the provisions
      of this Agreement, then such unenforceable provision shall be deemed modified
      or
      limited so as to effectuate, to the maximum extent possible, the parties’
expressed intent, and, if no such modification or limitation could render it
      enforceable, it shall be eliminated from this Agreement, and, in any event,
      the
      remaining provisions of this Agreement shall remain in full force and effect.
      Each of the parties to this Agreement shall take any and all actions necessary
      for the enforceability of this Agreement under Nevada law, including without
      limitation any necessary filings or actions required by Section 78.365 of the
      Nevada Revised Statute.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    (f)    Entire
      Agreement.
      This
      Agreement is the entire agreement of the parties with respect to the subject
      matter of this Agreement, and supersedes all prior and contemporaneous
      negotiations, understandings, arrangements and agreements. The Stockholder
      represents and warrants that this Agreement is fully integrated and not in
      need
      of parol evidence to reflect the intention of the parties. Moreover, the
      Stockholder acknowledges: (i) that she intends the literal words of the
      Agreement to govern and for all prior and contemporaneous negotiations, drafts
      and other extrinsic communications to have no significance or evidentiary
      effect; and (ii) that this Agreement has been fully negotiated by the parties
      and that accordingly it shall be construed “evenly” and not for or against any
      party. By signing this Agreement, the Stockholder further acknowledges that
      she
      has consulted with legal counsel about the effect of this Section and
      understands its effect.

    

    (g)    Compensation
      of Trustee; Payment of Costs.
      The
      Trustee shall not be entitled to any compensation for his services as Trustee.
      The Trustee agrees that the Trust Beneficiaries shall have no obligation to
      pay
      to the Trustee any amount whatsoever as fees or in respect to the Trustee’s
      costs or expenses related to this Agreement, except as provided in Sections
      7(e)
      and 10(k). The Trustee will look solely to the Company for reimbursement of
      any
      amounts he incurs or expends in connection with his duties under this Agreement,
      except as provided in Sections 7(e) and 10(k), and expressly waives any rights
      that he might otherwise have to charge the trust corpus for any costs, fees
      or
      expenses related to this Agreement, or to withhold any amounts from or set
      off
      any amounts against the shares he receives in trust or any distributions on
      those shares.

    

    (h)    Amendment
      and Modification.
      This
      Agreement may not be amended without: (i) the prior written consent of the
      Company, acting by unanimous vote of the independent members of its Board of
      Directors; (ii) the written approval of the independent certified accounting
      firm that is at the time engaged as the Company’s primary outside auditor; and
      (iii) with respect to any proposed amendment to the definition of “Trust Shares”
in Section 1, or to Section 3(d), Section 5, Section 6 or Section 8 only, a
      majority in interest of the Trust Beneficiaries; provided,
      however,
      that
      the parties to this Agreement may enter into any amendment of this Agreement,
      without regard to this Section, and each Trust Beneficiary hereby agrees to
      enter into such amendment, if that amendment is in the opinion of legal counsel
      to the Company necessary or appropriate to maintain compliance of this Agreement
      with the laws of the State of Nevada. Notwithstanding the foregoing, the
      substitution of a Trustee under this Agreement, the substitution, addition
      or
      subtraction of one or more Trust Beneficiaries under this Agreement, or the
      transfer or issuance of additional Trust Shares under this Agreement after
      the
      original date of execution of this Agreement, shall not be considered an
      amendment or modification requiring the prior approval specified in this Section
      10(h).

    

    (i)    Governing
      Law.
      This
      Agreement shall be governed by the internal laws of the State of Nevada without
      regard to its conflict of laws principles.

    

    (j)    Section
      78.365 of the Nevada Revised Statute.
      This
      Agreement is intended to create a voting trust pursuant to and subject to
      Section 78.365 of the Nevada Revised Statute. If for any reason the voting
      trust
      so established is determined to be invalid or unenforceable, this Agreement
      and
      the relationship of the parties under this Agreement shall be deemed to be
      and
      shall be reconstituted as a voting agreement under Section 78.365(3) of the
      Nevada Revised Statute, and all provisions of this Agreement shall apply to
      the
      maximum extent possible to effectuate the intention of the parties that the
      substantive provisions of this Agreement shall govern the voting of Trust Shares
      by or for the parties to this Agreement.

    

    (k)    Equitable
      Remedies.
      Each of
      the parties hereby acknowledges and agrees that the legal remedies available,
      if
      the covenants and agreements made in this Agreement are violated, would be
      inadequate and that any party shall be entitled, without posting any bond or
      other security, to temporary, preliminary and permanent injunctive relief,
      specific performance and other equitable remedies in the event of such a
      violation, in addition to any other remedies that such party may have at law
      or
      in equity.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    (l)    COUNSEL.
      THE
      STOCKHOLDER ACKNOWLEDGES THAT SHE HAS HAD THE OPPORTUNITY TO CONSULT WITH HER
      OWN LEGAL ADVISORS AND THAT THE LAW FIRM OF NELSON MULLINS RILEY &
SCARBOROUGH LLP REPRESENTS THE COMPANY AND NOT THE STOCKHOLDER.

    

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
      and
      delivered by their proper and duly authorized representatives as of the day
      and
      year first above written.

    
      	 	 	 
	 	
              “THE
                TRUSTEE”

            
	 
 	 
 	 
 
	
            	
            	/s/
              William D. Kirkland
	 	
              

              William
                D. Kirkland

            

      	 	 	 
	 	 
	 	
              “THE
                STOCKHOLDER”

            
	 
 	 
 	 
 
	
            	
            	/s/
              Margie Chassman
	 	
              

              Margie
                Chassman

            

      	 	 	 
	 	 
	 	
              “THE
                COMPANY”

               

              
                COLLEXIS
                  HOLDINGS, INC.

              

            
	 
 	 
 	 
 
	
            	By:  	/s/
              William D. Kirkland
	 	
              

              William
                D. Kirkland

              Chief
                Executive Officer

            

    
      
        
        

      

      
        9

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