Document:

Filed by sedaredgar.com - Liberty Star Unranium & Metals Corp. - Exhibit 10.5

GUARANTY

1.    
   Identification. 

          This
Guaranty (the “Guaranty”), dated as of May ___, 2009, is entered into by Big
Chunk Corp., an Alaska corporation (“Guarantor”), for the benefit of the
Collateral Agent identified below and the parties identified on Schedule A
hereto (each a “Lender” and collectively, the “Lenders”). 

2.        Recitals.

          2.1    
    Guarantor is a direct subsidiary of Liberty Star Uranium
& Metals Corp., a Nevada corporation (“Parent”). The Lenders have made
and/or are making loans to Parent (the “Loans”). Guarantor has and will obtain
substantial benefit from the proceeds of the Loans. 

          2.2    
    The Loans are and will be evidenced by certain promissory
Notes issued by Parent at or about the date of this Guaranty (each a “Note” and
collectively “Notes”) as described on Schedule A hereto pursuant to subscription
agreements dated at or about the date hereof (“Subscription Agreements”). The
Notes are further identified on Schedule A hereto and were or will be executed
by Parent as “Borrower” or “Debtor” for the benefit of each Lender as the
“Holder” or “Lender” thereof. 

          2.3     
   In consideration of the Loans made, being made, and to be made by
Lenders to Parent and for other good and valuable consideration, and as security
for the performance by Parent of its obligations under the Notes and as security
for the repayment of the Loans and all other sums due from Parent to Lenders
arising under the Notes (collectively, the “Obligations”), Guarantor, for good
and valuable consideration, receipt of which is acknowledged, has agreed to
enter into this Guaranty.

          2.4   
     The Lenders have appointed Collateral Agents, LLC
as Collateral Agent pursuant to that certain Collateral Agent Agreement dated as
of August 28, 2008 (“Collateral Agent Agreement”), among the Lenders and
Collateral Agent. 

3.        Guaranty.

          3.1     
   Guaranty. Guarantor hereby unconditionally and irrevocably
guarantees, jointly and severally with any other Guarantor, the punctual
payment, performance and observance when due, whether at stated maturity, by
acceleration or otherwise, of all of the Obligations now or hereafter existing,
whether for principal, interest (including, without limitation, all interest
that accrues after the commencement of any insolvency, bankruptcy or
reorganization of Parent, whether or not constituting an allowed claim in such
proceeding), fees, commissions, expense reimbursements, liquidated damages,
indemnifications or otherwise (such obligations, to the extent not paid by
Parent being the “Guaranteed Obligations”), and agrees to pay any and all
reasonable costs, fees and expenses (including reasonable counsel fees and
expenses) incurred by Collateral Agent and the Lenders in enforcing any rights
under the guaranty set forth herein. Without limiting the generality of the
foregoing, Guarantor’s liability shall extend to all amounts that constitute
part of the Guaranteed Obligations and would be owed by Parent to Collateral
Agent and the Lenders, but for the fact that they are unenforceable or not
allowable due to the existence of an insolvency, bankruptcy or reorganization
involving Parent. 

          3.2      
  Guaranty Absolute. Guarantor guarantees that the Guaranteed
Obligations will be paid strictly in accordance with the terms of the Notes,
regardless of any law, regulation or order now or hereafter in effect in any
jurisdiction affecting any of such terms or the rights of Collateral Agent or
the Lenders with respect thereto. The obligations of Guarantor under this
Guaranty are independent of the Guaranteed Obligations, and a separate action or
actions may be brought and prosecuted against Guarantor to enforce 

1 

such obligations, irrespective of whether any action is brought
against Parent or any other Guarantor or whether Parent or any other Guarantor
is joined in any such action or actions. The liability of Guarantor under this
Guaranty constitutes a primary obligation, and not a contract of surety, and to
the extent permitted by law, shall be irrevocable, absolute and unconditional
irrespective of, and Guarantor hereby irrevocably waives any defenses it may now
or hereafter have in any way relating to, any or all of the following: 

                    (a)
any lack of validity of the Notes or any agreement or instrument relating
thereto; 

                    (b)
any change in the time, manner or place of payment of, or in any other term of,
all or any of the Guaranteed Obligations, or any other amendment or waiver of or
any consent to departure from the Notes, including, without limitation, any
increase in the Guaranteed Obligations resulting from the extension of
additional credit to Parent or otherwise; 

                    (c)
any taking, exchange, release, subordination or non-perfection of any
Collateral, or any taking, release or amendment or waiver of or consent to
departure from any other guaranty, for all or any of the Guaranteed Obligations;

                    (d)
any change, restructuring or termination of the corporate, limited liability
company or partnership structure or existence of Parent; or 

                    (e) any
other circumstance (including, without limitation, any statute of limitations)
or any existence of or reliance on any representation by Collateral Agent or the
Lenders that might otherwise constitute a defense available to, or a discharge
of, Parent or any other guarantor or surety. 

          This
Guaranty shall continue to be effective or be reinstated, as the case may be, if
at any time any payment of any of the Guaranteed Obligations is rescinded or
must otherwise be returned by Collateral Agent, the Lenders or any other entity
upon the insolvency, bankruptcy or reorganization of the Parent or otherwise
(and whether as a result of any demand, settlement, litigation or otherwise),
all as though such payment had not been made. 

          3.3    
    Waiver. Guarantor hereby waives promptness, diligence,
notice of acceptance and any other notice with respect to any of the Guaranteed
Obligations and this Guaranty and any requirement that Collateral Agent or the
Lenders exhaust any right or take any action against any Borrower or any other
person or entity or any Collateral. Guarantor acknowledges that it will receive
direct and indirect benefits from the financing arrangements contemplated herein
and that the waiver set forth in this Section 3.3 is knowingly made in
contemplation of such benefits. Guarantor hereby waives any right to revoke this
Guaranty, and acknowledges that this Guaranty is continuing in nature and
applies to all Guaranteed Obligations, whether existing now or in the future.

          3.4    
    Continuing Guaranty; Assignments. This Guaranty
is a continuing guaranty and shall (a) remain in full force and effect until the
later of the indefeasible cash payment in full of the Guaranteed Obligations and
all other amounts payable under this Guaranty, the Subscription Agreements and
the Notes, (b) be binding upon Guarantor, its successors and assigns and (c)
inure to the benefit of and be enforceable by the Lenders and their successors,
pledgees, transferees and assigns. Without limiting the generality of the
foregoing clause (c), any Lender may pledge, assign or otherwise transfer all or
any portion of its rights and obligations under this Guaranty (including,
without limitation, all or any portion of its Notes owing to it) to any other
Person, and such other Person shall thereupon become vested with all the
benefits in respect thereof granted such Collateral Agent or Lender herein or
otherwise. 

          3.5    
    Subrogation. Guarantor will not exercise any
rights that it may now or hereafter acquire against the Collateral Agent or any
Lender or other Guarantor (if any) that arise from the existence, payment, 

2 

performance or enforcement of such Guarantor’s obligations
under this Guaranty, including, without limitation, any right of subrogation,
reimbursement, exoneration, contribution or indemnification, whether or not such
claim, remedy or right arises in equity or under contract, statute or common
law, including, without limitation, the right to take or receive from the
Collateral Agent or any Lender or other Guarantor (if any), directly or
indirectly, in cash or other property or by set-off or in any other manner,
payment or security solely on account of such claim, remedy or right, unless and
until all of the Guaranteed Obligations and all other amounts payable under this
Guaranty shall have been indefeasibly paid in full.

          3.6      
  Maximum Obligations. Notwithstanding any provision herein
contained to the contrary, Guarantor’s liability with respect to the Obligations
shall be limited to an amount not to exceed, as of any date of determination,
the amount that could be claimed by Lenders from Guarantor without rendering
such claim voidable or avoidable under Section 548 of the Bankruptcy Code or
under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent
Conveyance Act or similar statute or common law. 

4.       
Miscellaneous.

          4.1     
   Expenses. Guarantor shall pay to the Lenders, on
demand, the amount of any and all reasonable expenses, including, without
limitation, attorneys’ fees, legal expenses and brokers’ fees, which the Lenders
may incur in connection with exercise or enforcement of any the rights, remedies
or powers of the Lenders hereunder or with respect to any or all of the
Obligations. 

          4.2      
  Waivers, Amendment and Remedies. No course of dealing by the
Lenders and no failure by the Lenders to exercise, or delay by the Lender in
exercising, any right, remedy or power hereunder shall operate as a waiver
thereof, and no single or partial exercise thereof shall preclude any other or
further exercise thereof or the exercise of any other right, remedy or power of
the Lenders. No amendment, modification or waiver of any provision of this
Guaranty and no consent to any departure by Guarantor therefrom, shall, in any
event, be effective unless contained in a writing signed by the Majority in
Interest (as such term is defined in the Collateral Agent Agreement) or the
Lender or Lenders against whom such amendment, modification or waiver is sought,
and then such waiver or consent shall be effective only in the specific instance
and for the specific purpose for which given. The rights, remedies and powers of
the Lenders, not only hereunder, but also under any instruments and agreements
evidencing or securing the Obligations and under applicable law are cumulative,
and may be exercised by the Lenders from time to time in such order as the
Lenders may elect. 

          4.3     
   Notices. All notices or other communications given or made
hereunder shall be given in the same manner as set forth in Section 13(b) of the
Subscription Agreement to the party to receive the same at its address set forth
below or to such other address as either party shall hereafter give to the other
by notice duly made under this Section: 

	 	To Guarantor, to: 	Liberty Star Uranium & Metals Corp. 
	 	  	5610 E. Sutler Lane 
	 	  	Tucson, Arizona 85712 
	 	  	Attn: James A. Briscoe, President 
	 	  	Fax: (520) 844-1118 
	 	  	  
	 	With a copy by telecopier only to: 	 
	 	  	  
	 	  	Clark Wilson LLP 
	 	  	800-885 West Georgia Street 
	 	  	Vancouver, B.C. Canada 
	 	  	Attn: Bernard Pinsky, Esq. 

3 

	 	  	Fax: (604) 687-6314 
	 	  	  
	 	To Lenders: 	To the addresses and telecopier numbers set
  
	 	  	Forth on Schedule A 
	 	  	  
	 	To the Collateral Agent: 	Collateral Agents, LLC 
	 	  	111 West 57th Street, Suite 1416
  
	 	  	New York, NY 10019 
	 	  	Attn: General Counsel 
	 	  	Fax: (212) 245-9101 
	 	  	  
	 	  	  
	 	If to Guarantor, Lender or 	  
	 	Collateral Agent, with a copy by telecopier only to: 	 
	 	  	  
	 	  	Grushko & Mittman, P.C. 
	 	  	551 Fifth Avenue, Suite 1601 
	 	  	New York, New York 10176 
	 	  	Fax: (212) 697-3575 

Any party may change its address by written notice in
accordance with this paragraph. 

          4.4        
Term; Binding Effect. This Guaranty shall (a) remain in full force and
effect until payment and satisfaction in full of all of the Obligations; (b) be
binding upon Guarantor and its successors and permitted assigns; and (c) inure
to the benefit of the Lenders and their respective successors and assigns. All
the rights and benefits granted by Guarantor to the Collateral Agent and Lenders
hereunder and other agreements and documents delivered in connection therewith
are deemed granted to both the Collateral Agent and Lenders. Upon the payment in
full of the Obligations, (i) this Guaranty shall terminate and (ii) the Lenders
will, upon Guarantor’s request and at Guarantor’s expense, execute and deliver
to Guarantor such documents as Guarantor shall reasonably request to evidence
such termination, all without any representation, warranty or recourse
whatsoever. 

          4.5       
 Captions. The captions of Paragraphs, Articles and Sections in this
Guaranty have been included for convenience of reference only, and shall not
define or limit the provisions hereof and have no legal or other significance
whatsoever. 

          4.6       
 Governing Law; Venue; Severability. This Guaranty shall be governed
by and construed in accordance with the laws of the State of New York without
regard to principles of conflicts or choice of law. Any legal action or
proceeding against Guarantor with respect to this Guaranty must be brought only
in the courts of the State of New York or of the United States for the Southern
District of New York, and, by execution and delivery of this Guaranty, Guarantor
hereby irrevocably accepts for itself and in respect of its property, generally
and unconditionally, the jurisdiction of the aforesaid courts. Guarantor hereby
irrevocably waives any objection which they may now or hereafter have to the
laying of venue of any of the aforesaid actions or proceedings arising out of or
in connection with this Guaranty brought in the aforesaid courts and hereby
further irrevocably waives and agrees not to plead or claim in any such court
that any such action or proceeding brought in any such court has been brought in
an inconvenient forum. If any provision of this Guaranty, or the application
thereof to any person or circumstance, is held invalid, such invalidity shall
not affect any other provisions which can be given effect without the invalid
provision or application, and to this end the provisions hereof shall be
severable and the remaining, valid provisions shall remain of full force and
effect. This Guaranty shall be deemed an unconditional obligation of
Guarantor for the payment of money and, without limitation to any other remedies
of Lenders, may be enforced against 

4 

Guarantor by summary proceeding pursuant to New York Civil
Procedure Law and Rules Section 3213 or any similar rule or statute in the
jurisdiction where enforcement is sought. For purposes of such rule or statute,
any other document or agreement to which Lenders and Guarantor are parties or
which Guarantor delivered to Lenders, which may be convenient or necessary to
determine Lenders’ rights hereunder or Guarantor’s obligations to Lenders are
deemed a part of this Guaranty, whether or not such other document or agreement
was delivered together herewith or was executed apart from this Guaranty.
Each party hereby irrevocably waives personal service of process and
consents to process being served in any suit, action or proceeding in connection
with this Agreement or any other Transaction Document by mailing a copy thereof
via registered or certified mail or overnight delivery (with evidence of
delivery) to such party at the address in effect for notices to it under this
Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any other manner permitted by
law. Each Guarantor irrevocably appoints Parent its true and lawful agent for
service of process upon whom all processes of law and notices may be served and
given in the manner described above; and such service and notice shall be deemed
valid personal service and notice upon each such Guarantor with the same force
and validity as if served upon such Guarantor. 

          4.7       
 Alaska Acknowledgement. For the purpose of complying with Alaska
Statute 34.20.160 for the benefit of Collateral Agent and the Lenders, Guarantor
acknowledges and agrees as follows: GUARANTOR IS PERSONALLY OBLIGATED AND FULLY
LIABLE FOR THE AMOUNTS DUE UNDER THIS GUARANTY. EACH OF THE LENDERS AND THE
COLLATERAL AGENT SEVERALLY HAS THE RIGHT TO SUE ON THIS GUARANTY AND TO OBTAIN A
PERSONAL JUDGMENT AGAINST GUARANTOR FOR SATISFACTION OF THE AMOUNTS DUE UNDER
THIS GUARANTY EITHER BEFORE OR AFTER A JUDICIAL FORECLOSURE UNDER ALASKA
STATUTES 09.45.170 -09.45.220 OF ANY MORTGAGE OR DEED OF TRUST GIVEN BY
GUARANTOR TO SECURE PAYMENT OF THE AMOUNTS DUE UNDER THIS GUARANTY. 

          4.8       
 Satisfaction of Obligations. For all purposes of this Guaranty, the
payment in full of the Obligations shall be conclusively deemed to have occurred
when either the Obligations have been indefeasibly paid or all outstanding Notes
have been converted to common stock pursuant to the terms of the Notes and the
Subscription Agreements. 

          4.9        
  Counterparts/Execution. This Agreement may be executed in any number
  of counterparts and by the different signatories hereto on separate counterparts,
  each of which, when so executed, shall be deemed an original, but all such counterparts
  shall constitute but one and the same instrument. This Agreement may be executed
  by facsimile signature and delivered by facsimile transmission.

[THE BALANCE OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]

5 

          IN
WITNESS WHEREOF, the undersigned have executed and delivered this Guaranty,
as of the date first written above. 

“GUARANTOR” 
BIG CHUNK CORP. 
an Alaska
corporation 

 

 

By: _____________________________________

Its: _____________________________________ 

 

 

 

This Guaranty Agreement may be signed by facsimile signature
  and 

  delivered by confirmed facsimile transmission. 

6 

SCHEDULE A TO GUARANTY 

	LENDERS 	NOTE PRINCIPAL AMOUNT 
	ALPHA CAPITAL ANSTALT 
Pradafant 7 
9490 Furstentums
      
Vaduz, Lichtenstein 
Fax: 011-42-32323196 	$91,658.00 

	HARBORVIEW MASTER FUND L.P. 
Harbor House, 2nd
      Floor 
Waterfront Drive, Road Town 
Tortola, BVI 
Fax:
      (284) 494-4771 	$22,185.00 

	PLATINUM PARTNERS LONG TERM GROWTH VI 
152 West
      57th Street 
New York, NY 10019 
Attn: Mark Nordlicht
      
Fax: (212) 	$34,561.00 

	BRIDGEPOINTE MASTER FUND, LTD. 
1120 Sanctuary
      Parkway-Suite 325 
Alpharetta, GA 30004 
Fax: (770) 777-5844 	$39,331.00 

	BRIO CAPITAL LP 
401 E. 34th St.-Suite South
      33C 
New York, NY 10016 
Fax: (646) 390-2158 	$8,324.00 

	DOUBLE U MASTER FUND LP 
Harbour House, 
Waterfront
      Drive, Road Town 
Tortola, BVI 
Fax: (284) 494-4771 	$7,008.00 

	IROQUOIS MASTER FUND LTD. 
c/o Iroquois Capital
      Management, LLC 
641 Lexington Avenue, 26th Floor 
New
      York, NY 10022 
Fax: (212) 207-3452 	$6,932.00

7Exhibit 10.1

                              CONSULTING AGREEMENT

         AGREEMENT made as of this 15th day of May, 2009 by and between INTREorg
Systems Inc., INC. the ("Company"),  located at 501 Trophy Lake Drive, Suite 314
PMB 106,  Trophy  Club,  Texas 7262,  and JH BRECH,  LLC located at 1101 E. Duke
Street, Hugo, Oklahoma 74743(the "Consultant").

         WHEREAS, the Company desires professional guidance and advice regarding
financing of all types and desires Consultant to aid it in business matters; and

         WHEREAS,  Consultant has expertise in the area of corporate  structure,
strategic planning an capital development and implementation;  and is willing to
act as a consultant  to the Company upon the terms and  conditions  set forth in
this Agreement;

         NOW,  THEREFORE,  in  consideration  of the  foregoing  and the  mutual
promises herein contained, the parties hereto agree as follows:

1.       Duties, Scope of Agreement, and Relationship of the Parties

         (a) The company  hereby  agrees to retain  Consultant as an advisor and
consultant  on business  matters,  consistent  with  Consultant's  expertise and
ability,  and  Consultant  agrees to consult with the Company during the term of
this Agreement.  All parties  understand that Consultant has many other business
interests  and will devote as much time as in its  discretion  as  necessary  to
perform its duties under this Agreement.  In addition,  the company  understands
that  consultant's  efforts  on behalf of his other  interests  are the sole and
separate property of Consultant.

         (b) The services rendered by consultant to the company pursuant to this
Agreement  shall be as an  independent  contractor,  and this Agreement does not
make Consultant the employee,  agent, or legal representative of the Company for
any purpose  whatsoever,  including  without  limitation,  participation  in any
benefits or  privileges  given or extended by the Company to its  employees.  No
right or  authority  is  granted  to  Consultant  to  assume  or to  create  any
obligation or responsibility, express or implied, on behalf of or in the name of
the company,  expect as may be set forth herein.  The company shall not withhold
for  Consultant  any  federal  or state  taxes  from the  amounts  to be paid to
consultant  hereunder,  and Consultant  agrees that he will pay all taxes due on
such amounts.

         (c) Consultant agrees to make available to Company its services,  which
include strategic planning, assistance in business development, internal capital
structuring,  and the structuring of new debt and equity  offerings.  Consultant
shall  provide  planning  for and other  advisory  services  as the  Company may
specifically  request.  Specific  fees for each  separate  service  rendered  by
Consultant shall be established at the time Consultant is requested to undertake
each service.

                                   Page 1 of 5

Initials_____                                                     Initials _____

<PAGE>

2.       Compensation

           There are no forms of compensation  under this Agreement,  except for
those expenses as set forth below in paragraph (3).

3.       Expenses

         The Company shall reimburse Consultant for all pre-approved  reasonable
and  necessary  expenses  incurred by it in carrying  out its duties  under this
Agreement.  Consultant shall submit related receipts and documentation  with his
request for reimbursement.

4.       Renewal; Termination

         (a)     This Agreement shall continue in effect until terminated by the
parties.

         (b) Subject to the continuing obligations of Consultant under Section 5
below,  either party may terminate this Agreement at any time if the other party
shall fail to fulfill any material obligation under this Agreement and shall not
have cured the breach within 10 days after having received notice thereof.

         (c)  Termination or expiration of this  Agreement  shall not extinguish
any rights of compensation that shall accrue prior to the termination.

5.       Confidential Information

         (a)  "Confidential  Information,"  as  used in this  Section  5,  means
information  that is not generally  known and that is proprietary to the Company
or that the  Company is  obligated  to treat as  proprietary.  This  information
includes, without limitation:

                  (i)      Trade secret  information about the  Company  and its
                           products;

                  (ii)     Information concerning the  Company's business as the
                           Company has conducted it since the Company's incorpo-
                           ration or as it may conduct it in the future; and

                  (iii)    Information  concerning  any of the  Company's  past,
                           current,  or  possible  future  products,   including
                           (without limitation)  information about the Company's
                           research,   development,   engineering,   purchasing,
                           manufacturing,  accounting,  marketing,  selling,  or
                           leasing efforts.

         (b) Any information that Consultant  reasonably considers  Confidential
Information,  or that the Company treats as  Confidential  Information,  will be
presumed to be Confidential Information (whether Consultant or others originated
it and regardless of how it obtained it).

                                   Page 2 of 5
Initials_____                                                     Initials _____

<PAGE>

         (c) Except as required in its duties to the  Company,  Consultant  will
never,  either  during  or after  the term of this  Agreement,  use or  disclose
confidential  Information to any person not authorized by the Company to receive
it.

         (d) If this Agreement is terminated, Consultant will promptly turn over
to the Company all records and any compositions,  articles,  devices,  apparatus
and other items that disclose,  describe,  or embody  Confidential  Information,
including  all  copies,   reproductions,   and  specimens  of  the  Confidential
Information  in its  possession,  regardless of who prepared them. The rights of
the  Company  set forth in this  Section 5 are in  addition to any rights of the
Company with respect to protection of trade secrets or confidential  information
arising  out of the common or  statutory  laws of the State of  Colorado  or any
other  state or any country  wherein  Consultant  may from time to time  perform
services  pursuant  to  this  Agreement.   This  Section  5  shall  survive  the
termination or expiration of this Agreement.

6.       False or Misleading Information

         The Company  warrants  that it will provide  Consultant  with  accurate
financial,  corporate,  and other data required by Consultant  and necessary for
full  disclosure  of all facts  relevant to any efforts  required of  Consultant
under this Agreement. Such information shall be furnished promptly upon request.
If the Company fails to provide such information, or if any information provided
by the Company to  Consultant  shall be false or  misleading,  or if the Company
omits or  fails  to  provide  or  withholds  relevant  material  information  to
Consultant or to any  professionals  engaged  pursuant to paragraph  5(d) above,
then,  in such  event,  any and all fees  paid  hereunder  will be  retained  by
Consultant as liquidated  damages and this Agreement  shall be null and void and
Consultant shall have no further obligation hereunder.  Further, by execution of
this Agreement, the Company hereby indemnifies Consultant from any and all costs
for expenses or damages incurred and holds Consultant  harmless from any and all
claims  and/or  actions  that may arise  out of  providing  false or  misleading
information or by omitting  relevant  information in connection with the efforts
required of Consultant under this Agreement.

7.       Miscellaneous

         (a) Successors and Assigns. This Agreement is binding on and ensures to
the  benefit  of the  Company,  its  successors  and  assigns,  all of which are
included  in the term the  "Company"  as it is used in this  Agreement  and upon
Consultant,  its successors and assigns.  Neither this Agreement nor any duty or
right  hereunder  will be assignable or otherwise  transferable  by either party
without the written  consent of the other party,  except that the Company  shall
assign this Agreement in connection  with a merger,  consolidation,  assignment,
sale or other disposition of substantially  all of its assets or business.  This
Agreement will be deemed materially  breached by the Company if its successor or
assign does not assume substantially all of the company's obligations under this
Agreement.

         (b)      Modification.  This Agreement  may be modified or amended only
by a writing signed by both the Company and Consultant.

                                   Page 3 of 5
Initials_____                                                     Initials _____

<PAGE>

         (c)  Governing  Law.  The laws of Colorado  will  govern the  validity,
construction, and performance of this Agreement. Any legal proceeding related to
this Agreement will be brought in an appropriate  Colorado  court,  and both the
Company and  Consultant  hereby  consent to the exclusive  jurisdiction  of that
court for this purpose.

         (d) Construction.  Wherever possible,  each provision of this Agreement
will be  interpreted  so that it is  valid  under  the  applicable  law.  If any
provision of this Agreement is to any extent  invalid under the applicable  law,
that  provision  will still be  effective  to the extent it remains  valid.  The
remainder  of this  Agreement  also will  continue  to be valid,  and the entire
Agreement will continue to be valid in other jurisdictions.

         (e) Waivers. No failure or delay by either the Company or Consultant in
exercising  any right or remedy under this Agreement will waive any provision of
the Agreement,  nor will any single or partial exercise by either the Company or
Consultant of any right or remedy under this Agreement  preclude  either of them
from  otherwise or further  exercising  these  rights or remedies,  or any other
rights or remedies granted by any law or any related document.

         (f)      Captions.  The headings in this Agreement are  for convenience
only and do not affect this Agreement's interpretation.

         (g)      Entire Agreement.  This Agreement supersedes all  previous and
contemporaneous  oral negotiations,  commitments,  writings,  and understandings
between the parties concerning the matters in this Agreement.

         (h) Notices. All notices and other communications required or permitted
under this  Agreement  shall be in writing  and sent by  registered  first-class
mail,  postage  prepaid,  and shall be effective  five days after mailing to the
addresses  stated  below.  These  addresses  may be  changed at any time by like
notice.

         In the case of the Company:
                                            Russell K. Boyd, President
                                            INTREorg Systems Inc.
                                            501 Trophy Lake Drive
                                            Suite 314, PMB 106
                                            Trophy Club, TX 76262
                                            Phone:  (817) 491-8611
                                            Fax: (817) 491-4955

         In the case of Consultant:
                                            Charles J. Webb
                                            Manager/Member
                                            1101 E. Duke
                                            Hugo, Oklahoma 74743
                                            Phone: (580) 326-1960

                                   Page 4 of 5
Initials_____                                                     Initials _____

<PAGE>

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

"The Company"                               "Consultant"

By:                                         By:
   ---------------------------------            --------------------------------
         Russell K. Boyd                         Charles Webb, Manager
         President

                                   Page 5 of 5
Initials_____                                                     Initials _____

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