Document:

Exhibit 10.5

                               SERVICES AGREEMENT

      THIS SERVICES AGREEMENT (the "Agreement") is made and entered into this
___ day of __________, by and between EXECUTE SPORTS, INCORPORATED, a Nevada
corporation ("EXSP"), and VALLEY FINANCIAL HOLDING CORP, a corporation organized
and existing under the laws of the BVI ("VFHC"), collectively referred to
hereinafter as the "Parties" or individually as a "Party."

                                 R E C I T A L S

                                   -----------

      EXSP desires to engage BWC, and BWC desires to accept such engagement from
EXSP, to perform various business advisory and business development services
including, but not limited to, the preparation of marketing presentations,
website optimization and conference webcasts on behalf of EXSP.

      This Agreement contains the entire understandings between the Parties
concerning the subject matter hereof, and all other agreements, understandings
and documents are hereby merged into this Agreement and made a part hereof.

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

                                A G R E E M E N T

                                 --------------

1. TERM. This Agreement shall commence on the Effective Date and may be
terminated by either Party at any time with thirty (30) days' written notice to
the other Party of the intent to terminate. Upon the termination of this
Agreement, all obligations of the Parties shall cease, except that the
provisions of this Agreement contained in Sections 8 and 9 shall continue in
effect.

2. SERVICES.

      2.1. During the term of this Agreement, BWC agrees to provide the Services
as requested by EXSP on a continuous basis. BWC also agrees to provide the
Services pursuant to the guidelines and requirements promulgated by EXSP from
time to time and provided to BWC by EXSP.
<PAGE>

      2.2. During the term of this Agreement, EXSP understands, agrees and
acknowledges that by performing the Services for and on behalf of EXSP, BWC:

            (a) is acting as an independent contractor to provide the Services,
and that no employment, partnership, joint venture, or fiduciary relationship
has been created by this Agreement;

            (b) will not incur any liability to EXSP in respect of any breach of
applicable laws or regulations where BWC has acted in good faith in the absence
of or in accordance with such advice.

3. FEES AND EXPENSES.

      3.1. FEES. In exchange for his Services under this Agreement, BWC shall
receive from EXSP a non-refundable fee in the amount of One Hundred and Eighty
Seven Thousand, Five Hundred and No Cents ($187,500.00), payable in the
Company's Common Stock, or Seven Hundred and Fifty Thousand (750,000) Shares at
the Company's sole discretion in lieu of cash with piggy back registration
rights as of the Effective Date of this Agreement.

      3.2. EXPENSES. Unless otherwise specified in writing, BWC shall be
responsible for all expenses incurred while performing services under this
Agreement. This includes license fees, memberships and dues; general automobile
and other travel expenses; meals and entertainment; insurance premiums; and all
salary expenses and other compensation paid to employees or contract personnel
BWC hires to complete the work under this Agreement, unless approved by EXSP in
advance. Notwithstanding the above, EXSP will reimburse BWC for documented,
out-of-pocket expenses incurred in connection with the Services performed by BWC
under this Agreement.

4. OBLIGATIONS OF EXSP.

      4.1. Information. EXSP will provide BWC with all material information
relevant in his performance of the Services under this Agreement. EXSP will
ensure that information so supplied is true and accurate in all material
respects and is not misleading, whether by omission or otherwise.

      4.2. Authorization. EXSP confirms and undertakes that it has all necessary
powers and has obtained or will obtain all necessary authorizations, consents
and approvals, including from the board of directors of EXSP, validly and
lawfully required to enter into this Agreement. The entering into of this
Agreement does not violate the Bylaws of EXSP or any other agreement.
<PAGE>

5. OBLIGATIONS OF BWC.

      5.1. Licenses and Education. BWC shall be responsible for preparation and
presentation of various collateral materials, the maintenance and optimization
of EXSP's website and electronic marketing strategies.

      5.2. No Conflicts. BWC hereby represents that, to the best of his
knowledge and belief, the performance by BWC of all of the terms of this
Agreement and work as an independent contractor for EXSP does not breach any
oral or written agreement which BWC has made prior to the Effective Date of this
Agreement.

6. INDEPENDENT CONTRACTOR STATUS. BWC is an independent contractor, not an
employee of EXSP. Any employee or contract personnel employed or hired by BWC to
complete the work under this Agreement are not employees of EXSP. BWC and EXSP
agree to the following terms and conditions consistent with an independent
contractor relationship:

      6.1. This Agreement is non-exclusive, and BWC has the right to perform
services for others during the term of this Agreement, provided such services
are not in conflict with the Services to be performed by BWC under this
Agreement;

      6.2. BWC has the sole right to control and direct the means, manner and
method by which the Services will be performed;

      6.3. BWC has the right to perform the Services at any place, location or
time;

      6.4. BWC will furnish all equipment and materials used to provide the
Services;

      6.5. BWC has the right to hire assistants as subcontractors, or to use
employees to provide the Services, without the approval of EXSP;

      6.6. Neither BWC nor any employee or contract personnel employed or hired
by BWC shall receive any training from EXSP in the skills necessary to perform
the Services; and

      6.7. EXSP shall not require BWC or any employee or contract personnel
employed or hired by BWC to devote full time to performing the Services.

7. BENEFITS.

      7.1. Fringe Benefits. BWC understands that neither BWC nor any employee or
contract personnel employed or hired by BWC are eligible to participate in any
employee pension, health, vacation pay, sick pay or other fringe benefit plan of
CTI.

      7.2. Workers' Compensation. EXSP shall not obtain workers' compensation
insurance on behalf of BWC or any employee or contracted personnel employed or
hired by BWC.
<PAGE>

      7.3. Unemployment Compensation. EXSP shall make no state or federal
unemployment compensation payments on behalf of BWC any employee or contract
personnel employed or hired by BWC. BWC will not be entitled to these benefits
in connection with the Services performed under this Agreement.

      7.4. Insurance. EXSP shall not provide any insurance coverage of any kind
for BWC or any employee or contract personnel employed or hired by EXSP.

8. CONFIDENTIAL INFORMATION. BWC acknowledges that during the term of this
Agreement, EXSP will develop, discover, have access to, and become acquainted
with technical, financial, marketing, personnel, and other information relating
to the present or contemplated products or the conduct of business of EXSP which
is of a confidential and proprietary nature (the "Confidential Information").
BWC agrees that all files, records, documents, and the like relating to such
Confidential Information, whether prepared by him or otherwise coming into his
possession, shall remain the exclusive property of EXSP, and BWC hereby agrees
to promptly disclose such Confidential Information to EXSP upon request and
hereby assigns to EXSP any rights which BWC may acquire in any Confidential
Information. BWC further agrees not to disclose or use any Confidential
Information and to use his best efforts to prevent the disclosure or use of any
Confidential Information either during the term of this Agreement or at any time
thereafter, except as may be necessary in the ordinary course of performing the
Services under this Agreement. Upon termination of this Agreement for any
reason, BWC shall promptly deliver to EXSP all materials, documents, data,
equipment, and other physical property of any nature containing or pertaining to
any Confidential Information, and BWC shall not take from EXSP, without its
prior written consent, any such material or equipment or any reproduction
thereof.

9. INDMENITY. EXSP hereby agrees to indemnify and hold harmless BWC, its agents,
representatives, employees, partners and independent contractors for any losses,
damages or expenses that may be incurred by BWC or such other parties as a
result of any breach of any covenant, agreement, representation or warranty made
hereunder or any other loss, damage or expenses incurred by BWC or such other
parties resulting from the acts or actions of EXSP under this Agreement. BWC
hereby agrees to indemnify and hold harmless EXSP, its agents, representatives,
employees and independent contractors for any losses, damages or expenses that
may be incurred by EXSP or such other parties as a result of any breach of any
covenant, agreement, representation or warranty made under this Agreement by BWC
in connection herewith.

10. MISCELLANEOUS.

      10.1. Waiver. Any term or condition of this Agreement may be waived at any
time by the Party that is entitled to the benefit thereof, but no such waiver
shall be effective unless set forth in a written instrument duly executed by or
on behalf of the Party waiving such term or condition. No waiver by any party of
any term or condition of this Agreement, in any one or more instances, shall be
deemed to be or construed as a waiver of the same or any other term or condition
of this Agreement on any future occasion. All remedies, either under this
Agreement or by law or otherwise afforded, will be cumulative and not
alternative.
<PAGE>

      10.2. Amendment. This Agreement shall not be amended or modified, nor
rights hereunder waived, except by writing, signed by both Parties.

      10.3. No Third Party Beneficiary. The terms and provisions of this
Agreement are intended solely for the benefit of each Party hereto and their
respective successors or permitted assigns, and it is not the intention of the
parties hereto to confer third-party beneficiary rights upon any person.

      10.4. Invalid Provisions. If any provision of this Agreement is held to be
illegal, invalid or unenforceable under any present or future law, and if the
rights or obligations of any Party hereto under this Agreement will not be
materially and adversely affected thereby, (a) such provision will be full
severable, (b) this Agreement will be constituted and enforced as if such
illegal, invalid or unenforceable provision had never comprised a part hereof,
(c) the remaining provisions of this Agreement will remain in full force and
effect and will not be affected by the illegal, invalid or unenforceable
provision, there will be added automatically as a part of this Agreement a
legal, valid and enforceable provision as similar in terms to such illegal,
invalid or unenforceable provision as may be possible.

      10.5. Counterparts. This Agreement nay be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. The Parties acknowledge
that the persons named below have the requisite authority to execute this
Agreement and bind their respective principals.

      10.6. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of California without regard to the
conflict of laws. The Parties further agree that proper venue and jurisdiction
for any dispute under this agreement shall be the courts in the State of
California.

      10.7. Notices. All notices, demands to other communications to be given
under or by reason of the Agreement shall be in writing and shall be deemed to
have been received when delivered personally, or when transmitted by facsimile
or by overnight delivery service, addressed as follows:

      If to BWC:

      If to EXSP:

            Execute Sports, Inc.
            Attention: Don Dallape
            1284 Puerta Del Sol #150
            San Clemente, CA 93673
<PAGE>

Either Party hereto may change its address for notices, demands and other
communications hereunder by giving notices of such change to the other party in
accordance with this Section 10.7.

      10.8. Assignment; Binding Effect. This Agreement may not be assigned by
either Party without the prior written consent of the other. This Agreement
shall bind the Parties hereto and their assigns and successors in interest.

      IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be
duly executed as of the date set forth above.

                                       Blue Water Capital Group, Ltd. ("BWC")

                                       -----------------------------------------
                                       Authorized Signature

                                       -----------------------------------------
                                       Print Name and Title

                                       Execute Sports, Inc. ("EXSP")

                                       -----------------------------------------

                                       -----------------------------------------
                                       Don Dallape, PresidentExhibit 10.6

CORPORATE CONSULTING AGREEMENT

This Agreement ("Agreement") dated March 1, 2005 is by and between Execute
Sports, Inc., a Nevada corporation located at 1284 Puerta Del Sol, Suite 150
(the "Company" ) and EGA LLC , a California Limited Liability Company located at
4801 67th Street, San Diego, CA 92115 (the "Consultant").

WHEREAS, the Company manufactures and markets motocross graphics kits, wetsuits,
and other power sports related products and clothing.

WHEREAS, Consultant is engaged in providing business services, market research
and financial analysis.

WHEREAS, the Company desires to obtain the benefits of Consultant's experience
and know-how, and accordingly, the Company has offered to engage Consultant to
render consulting and advisory services to the Company on the terms and
conditions hereinafter set forth.

WHEREAS, Consultant desires to accept such engagement upon such terms and
conditions hereinafter set forth.

NOWTHEREFORE in consideration of the foregoing, the parties agree as follows:

Section 1.                   SERVICES RENDERED

Consultant shall provide the following to the Company market research, benchmark
analysis, M&A valuation services, and financial modeling services for a period
of two years.
<PAGE>

Section 2.                     COMPENSATION

For services rendered under Section 1, Consultant shall be paid the following,
by the Company:

(a) CONSULTING FEES. In consideration for the availability of Consultant during
the term hereunder and the services rendered pursuant to this Agreement,
promptly upon execution of this Agreement, the Company shall;

(i) Pay to Consultant; two hundred and fifty thousand (250,000) shares of the
Company's Common Stock ("Stock"), with piggy back registration rights.

(b) REIMBURSEMENT OF EXPENSES. The Company shall reimburse Consultant for those
reasonable and necessary out-of-pocket expenses (including but not limited to
travel, transportation, lodging, meals etc.) which have been approved by the
President of the Company prior to their incurrence and which have been incurred
by Consultant in connection with the rendering of services hereunder. Any
reimbursement to be made by the Company pursuant to this Section shall be made
following submission to the Company by Consultant of reasonable documentation of
the expenses incurred.

Section 3.                     RELATIONSHIP OF PARTIES

      This Agreement shall not constitute an employer-employee relationship. It
is the intention of each party that Consultant shall be an independent
contractor and not an employee of the Company. All compensation paid to
Consultant shall constitute earnings to Consultant and be classified as normal
income. The Company shall not withhold any amounts therefrom as U.S. federal or
state income tax withholding, or as employee contribution to Social Security or
any other employer withholding applicable under state or federal law.

Section 4.                     TERM

      The term of this Agreement shall be twenty four (24) months commencing on
the date and year first above written.

Section 5.                     TERMINATION

      This Agreement may be terminated by either party with cause only, and only
under the following circumstances; when either party (i) knowing and willfully
breaches any term(s) of this Agreement, or (ii) knowing and willfully commits
any act(s) related to the normal conduct of business which are unlawful, or any
serious criminal action as promulgated pursuant to local, state, or federal law.

      Termination of the Agreement does not relieve the Company of its
obligation to remunerate Consultant pursuant to the terms of this Agreement.
Upon termination, any outstanding remuneration due Consultant for services
rendered shall be paid within 3 (three) business days following termination.
<PAGE>

Section 6.                     INDEMNIFICATION

(a) In consideration of Consultant' execution and delivery of the this Agreement
in addition to all of The Company's other obligations under this Agreement, The
Company shall defend, protect, indemnify and hold harmless Consultant and all of
its officers, directors, employees and direct or indirect investors and any of
the foregoing person's agents or other representatives (including, without
limitation, those retained in connection with the transactions contemplated by
this Agreement) (collectively, the "CONSULTANT INDEMNITEES") from and against
any and all actions, causes of action, suits, claims, losses, costs, penalties,
fees, liabilities and damages, and expenses in connection therewith
(irrespective of whether any such Indemnitee is a party to the action for which
indemnification hereunder is sought), and including reasonable attorneys' fees
and disbursements (the "CONSULTANT INDEMNIFIED LIABILITIES'), incurred by any
Indemnitee as a result of, or arising out of, or relating to (i) any
misrepresentation or breach of any representation or warranty made by The
Company in this Agreement or any other certificate, instrument or document
contemplated hereby or thereby (ii) any breach of any covenant, agreement or
obligation of The Company contained in this Agreement or any other certificate,
instrument or document contemplated hereby or thereby, (iii) any cause of
action, suit or claim brought or made against such Indemnitee by a third party
and arising out of or resulting from the execution, delivery, performance or
enforcement of this Agreement or any other certificate, instrument or document
contemplated hereby or thereby, except insofar as any such misrepresentation,
breach or any untrue statement, alleged untrue statement, omission or alleged
omission is made in reliance upon and in conformity with written information
furnished to Consultant by The Company. To the extent that the foregoing
undertaking by The Company may be unenforceable for any reason, The Company
shall make the maximum contribution to the payment and satisfaction of each of
the Consultant Indemnified Liabilities which is permissible under applicable
law. The indemnity provisions contained herein shall be in addition to any cause
of action or similar rights Consultant may have, and any liabilities Consultant
may be subject to.

(b) In consideration of The Company's execution and delivery of the this
Agreement and in addition to all of the Consultant' other obligations under this
Agreement, Consultant shall defend, protect, indemnify and hold harmless The
Company and all of its subsidiaries, shareholders, officers, directors and
employees and any of the foregoing person's agents or other representatives
(including, without limitation, those retained in connection with the
transactions contemplated by this Agreement) (collectively, the "THE COMPANY
INDEMNITEES") from and against any and all actions, causes of action, suits,
claims, losses, costs, penalties, fees, liabilities and damages, and expenses in
connection therewith (irrespective of whether any such The Company Indemnitee is
a party to the action for which indemnification hereunder is sought), and
including reasonable attorneys' fees and disbursements (the "THE COMPANY
INDEMNIFIED LIABILITIES'), incurred by any The Company Indemnitee as a result
of, or arising out of, or relating to (i) any misrepresentation or breach of any
representation or warranty made by Consultant in the Agreement or any other
certificate, instrument or document contemplated hereby or thereby, (ii) any
breach of any covenant, agreement or obligation of Consultant contained in the
Agreement or any other certificate, instrument or document contemplated hereby
or thereby, (iii) any cause of action, suit or claim brought or made against
such The Company Indemnitee by a third party and arising out of or resulting
from the execution, delivery, performance or enforcement of the Agreement or any
other certificate, instrument or document contemplated hereby or thereby, and
except insofar as any such misrepresentation, breach or any untrue statement,
alleged untrue statement, omission or alleged omission is made in reliance upon
and in conformity with written information furnished to The Company by
Consultant. To the extent that the foregoing undertaking by Consultant may be
unenforceable for any reason, Consultant shall make the maximum contribution to
the payment and satisfaction of each of the The Company Indemnified Liabilities
which is permissible under applicable law. The indemnity provisions contained
herein shall be in addition to any cause of action or similar rights The Company
may have, and any liabilities The Company may be subject to.
<PAGE>

(c) Indemnification Procedure. Any party entitled to indemnification under this
Section (an "INDEMNIFIED PARTY") will give written notice to the indemnifying
party of any matters giving rise to a claim for indemnification; provided, that
the failure of any party entitled to indemnification hereunder to give notice as
provided herein shall not relieve the indemnifying party of its obligations
under this Section except to the extent that the indemnifying party is actually
prejudiced by such failure to give notice. In case any action, proceeding or
claim is brought against an indemnified party in respect of which
indemnification is sought hereunder, the indemnifying party shall be entitled to
participate in and, unless in the reasonable judgment of counsel to the
indemnified party a conflict of interest between it and the indemnifying party
may exist with respect to such action, proceeding or claim, to assume the
defense thereof with counsel reasonably satisfactory to the indemnified party.
In the event that the indemnifying party advises an indemnified party that it
will contest such a claim for indemnification hereunder, or fails, within thirty
(30) days of receipt of any indemnification notice to notify, in writing, such
person of its election to defend, settle or compromise, at its sole cost and
expense, any action, proceeding or claim (or discontinues its defense at any
time after it commences such defense), then the indemnified party may, at its
option, defend, settle or otherwise compromise or pay such action or claim. In
any event, unless and until the indemnifying party elects in writing to assume
and does so assume the defense of any such claim, proceeding or action, the
indemnified party's costs and expenses arising out of the defense, settlement or
compromise of any such action, claim or proceeding shall be losses subject to
indemnification hereunder. The indemnified party shall cooperate fully with the
indemnifying party in connection with any settlement negotiations or defense of
any such action or claim by the indemnifying party and shall furnish to the
indemnifying party all information reasonably available to the indemnified party
which relates to such action or claim. The indemnifying party shall keep the
indemnified party fully apprised at all times as to the status of the defense or
any settlement negotiations with respect thereto. If the indemnifying party
elects to defend any such action or claim, then the indemnified party shall be
entitled to participate in such defense with counsel of its choice at its sole
cost and expense. The indemnifying party shall not be liable for any settlement
of any action, claim or proceeding effected without its prior written consent.
Notwithstanding anything in this Section to the contrary, the indemnifying party
shall not, without the indemnified party's prior written consent, settle or
compromise any claim or consent to entry of any judgment in respect thereof
which imposes any future obligation on the indemnified party or which does not
include, as an unconditional term thereof, the giving by the claimant or the
plaintiff to the indemnified party of a release from all liability in respect of
such claim. The indemnification required by this Section shall be made by
periodic payments of the amount thereof during the course of investigation or
defense, as and when bills are received or expense, loss, damage or liability is
incurred, within ten (10) Business Days of written notice thereof to the
indemnifying party so long as the indemnified party irrevocably agrees to refund
such moneys if it is ultimately determined by a court of competent jurisdiction
that such party was not entitled to indemnification. The indemnity agreements
contained herein shall be in addition to (a) any cause of action or similar
rights of the indemnified party against the indemnifying party or others, and
(b) any liabilities the indemnifying party may be subject to.

Section 7.                     GOVERNING LAW

      Any controversy, claim or dispute arising from the interpretation of this
Agreement, or breach thereof, shall settled by arbitration in Orange County, CA
in accordance with the rules of the American Arbitration Association there in
effect, except that the parties thereto shall have any right to discovery as
would permitted by the Federal Rules of Civil Procedure. The prevailing Party
shall be entitled to reimbursement of actual costs and attorney's fees from the
arbitration and the decision of the Arbitrator(s) shall be final.
<PAGE>

Section 8                      ASSIGNABILITY.

      This Agreement and the rights and obligations of the parties hereto shall
bind and inure to the benefit of Consultant and its legal representatives and
heirs and the Company and any successor or successors of the Company by
reorganization, merger, or consolidation and any assignee of all or
substantially all of its business and properties, but, except as to any such
legal representatives or heirs of Consultant or successor or assignee of the
Company, neither this Agreement nor any rights or benefits hereunder may be
assigned by the Company or the Executive. Nothing in this Agreement, express or
implied, is intended to or shall confer upon any other person any right, benefit
or remedy of any nature whatsoever under or by reason of this Agreement.

Section 9.                     ENTIRE AGREEMENT

      This Agreement constitutes the entire agreement of the Company and the
Consultant as to the subject matter hereof, superseding all prior written and
prior or contemporaneous oral understanding or agreements, including any
previous agreements, or understandings with respect to the subject matter
covered in this Agreement. This Agreement may not be modified or amended, nor
may any right be waived, except by a writing which expressly refers to this
Agreement, states that it is intended to be a modification, amendment, or waiver
and is signed by both parties in the case of a modification or amendment or by
the party granting the waiver. No course of conduct or dealing between the
parties and no custom or trade usage shall be relied upon to vary the terms of
this Agreement. The failure of a party to insist upon strict adherence to any
term of this Agreement on any occasion shall not be considered a waiver or
deprive that party of the right thereafter to insist upon strict adherence to
that term or any other term of this Agreement.

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

By Execute Sports, Inc.

---------------------------------------------
                     Don Dallape
                     President

By Emergent Growth Analytics LLC

---------------------------------------------
                     Justin Frere
                     President

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