Document:

Exhibit 10.1 - Letter Agreement between ASDS & Gary Boyd

    Exhibit
      10.1

    
 

    September
      6, 2006

    

    

    Gary
      W.
      Boyd

    6601
      Castle Pines Dr.

    Plano,
      Texas 75093

    

    

    Re:
      Agreement to provide transition and other necessary advisory
      services

    

    

    Dear
      Mr.
      Boyd:

    

    This
      letter sets forth our understanding of your agreement to provide services to
      Ascendant Solutions, Inc. and its subsidiaries (the “Company”) in the transition
      from your role as CFO of the Company to your new position with the Company’s
      affiliate, CLB Partners, Ltd. You have agreed to the following:

    

    	1.  	
            Provide
              transfer of all files, work materials, computer programs and other
              information necessary for the Company’s new CFO to adequately perform his
              job functions.

          

    	2.  	
            Be
              available to answer questions and as necessary, provide onsite or detailed
              explanations to the new CFO for any required tasks that he may
              perform.

          

    	3.  	
            Assist
              with the preparation and/or review of SEC filings including but not
              limited to conversion to HTML and transmission to the SEC of all
              filings.

          

    	4.  	
            Assist
              with transition of quarterly reviews by the Company’s auditors and the
              year end audit process to the new CFO.

          

    	5.  	
            As
              needed, fulfill any other requests in the transition of your position
              to
              the new CFO.

          

    	6.  	
            Be
              available to answer any questions I might
              have.

          

    

    In
      exchange for your services outlined above, the Company’s Board of Directors has
      elected to vest 43,334 shares (See table below) of previously unvested
      restricted stock held by you.

    

    
      	
              Original
                Grant Date

            	
              No.
                of Shares

            	
              Original
                Vest Date

            
	
              October
                18, 2004

            	
              16,667

            	
              October
                18, 2006

            
	
              May
                24, 2006

            	
              3,334

            	
              May
                24, 2007

            
	
              October
                18, 2004

            	
              16,667

            	
              October
                18, 2007

            
	
              May
                24, 2006

            	
              3,334

            	
              May
                24, 2008

            
	
              May
                24, 2006

            	
              3,333

            	
              May
                24, 2009

            
	 	 	 

    

    

    If
      you
      are in agreement with the foregoing, please sign and date in the space
      below.

    

    

    Sincerely,

    

    /s/
      David
      E. Bowe

     

    David
      E.
      Bowe

    President
      & CEO

     

    

    
      	
              ACCEPTED
                & AGREED:

            	 	 
	 	 	 
	 /s/
              Gary W. Boyd	 	 9-6-06
	
              Gary
                W. Boyd

            	 	
              Date

            
	 	 	 

    

     

     

     -5-Exhibit 10.2 - Agreement between ASDS & GaylerSmith Group LLC

    Exhibit
      10.2

     

    PERSONAL
      AND CONFIDENTIAL

     

    May
      16,
      2005

    

    

    Mr.
      Gary
      W.
      Boyd

    Chief
      Financial Officer

    Ascendant
      Solutions

    16250
      Dallas Parkway, Suite 102

    Dallas,
      Texas 75248

    

    Dear
      Gary:

    

    I
      have
      discussed with you, on a confidential basis that Ascendant Solutions (“the
      Company")
      is
      currently searching for possible acquisition candidates ("Targets"). This letter
      will confirm an understanding between GaylerSmith Group, LLC ("GSG") and the
      Company in the event that (i) GSG introduces a Target to the Company and/or
      (ii)
      the Company specifically requests that GSG review a Target for possible
      acquisition by
      the
      Company (the “Transaction”).
      To the extent necessary,
      our services
      would include assisting
      you in the negotiation of the financial aspects of the
      proposed
      transaction, and if requested by the Company, assist in due diligence and /
      or
      raising capital to accomplish the Transaction.

    

    As
      compensation for services, the Company agrees to pay GSG the following
      fees:

    

    Retainer
      Fee

    

    No
      retainer fee will be required at this time.

    

    Transaction
      Fee

    

    A
      transaction fee equal to three percent (3.00%) of the aggregate consideration
      paid by the
      Company up to $5 million plus one percent (1.0%) of the aggregate
      consideration paid
      by
      the Company
      in excess of $5 million (the "Transaction Fee") which shall be payable in cash
      promptly upon closing of a Transaction.

    

    The
      aggregate consideration shall be deemed to be the total amount received by
      the
      Target
      and its
      stockholders upon consummation of the acquisition (including any debt or capital
      lease obligations
      assumed, extinguished or discharged), plus, in the case of an acquisition of
      assets, the net value
      of
      any operating current assets not sold by the Target. The net value of any
      operating current asset
      not
      sold by the Target will not be considered part of the aggregate consideration
      if
      the signed
      Letter
      of Intent specifically excludes the operating current assets from the
      Transaction.

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    

    

    If
      the
      consideration per share to be received by the holders of the Targets common
      stock exceeds the conversion price of any of the Target's outstanding
      convertible securities (excluding stock
      options), such securities shall be considered to have been converted for
      purposes of calculating
      the
      amount of aggregate consideration.

    

    If
      such
      aggregate consideration may be increased by contingent payments related to
      future earnings or operations, the portion of our fee relating thereto shall
      be
      calculated and paid when and as such contingent payments are made.

    

    In
      the
      event that the consideration is paid in whole or in part in the form of
      securities of the Company, the value of such securities, for purposes of
      calculating our fee, shall be the fair market value thereof, as the parties
      hereto shall mutually agree, on the day prior to the closing of the sale;
provided,
      however, that if such securities consist of stock with an existing public
      trading market,
      the value
      thereof shall be determined by the last sales price for such stock on the last
      trading day thereof
      prior to
      such closing.

    

    Financing
      Fees

    

    If
      the
      Company requests that GSG assist the Company with respect to financing of the
      Transaction and, as a direct or proximate result of GSG's assistance, financing
      is obtained and utilized by the Company, the Company will pay to GSG a fee
      as
      follows:

    

    The
      Company will pay GSG (or cause GSG to be paid) a fee equal to one percent (1.0%)
      of the
      aggregate purchase price of senior securities or bank debt; two percent
      (2.0%)
      of
      the aggregate purchase
      price of subordinated securities; three percent (3.0%) of the aggregate purchase
      price of preferred stock or common stock which fee shall be
      payable at the time of the funding of such financing.

    

    Consulting
      Fee

    

    If
      the
      Company requests that GSG assist the Company with respect with due diligence
      or
      other projects, the Company agrees to pay GSG a consulting fee of $95 per hour.
      Such consulting fee
      is
      not contingent upon the successful completion of the transaction contemplated
      hereunder, and
      shall be
      payable as billed by GSG from time to time.

    

    Any
      consulting fee paid by or due from the Company to GSG directly related to the
      acquisition
      of the Target will reduce the Transaction Fee upon closing of a Transaction
      in
      an amount
      not to
      exceed $10,000.

    

    Expenses

    

    In
      addition to the cash fee that the Company agrees to pay for the services to
      be
      performed as set
      forth
      above, the Company agrees to reimburse GSG for all out-of-pocket expenses
      incurred on this project. Such expense reimbursement is not contingent upon
      the
      successful completion of the transaction
      contemplated hereunder, and shall be payable as billed by GSG from tune to
      time.

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    

    

    Indemnity

    

    

    In
      addition to the fee which the Company has agreed to pay GSG for the services
      to
      be preformed on behalf of the Company, the Company agrees to indemnify and
      hold
      GSG and its officers, directors, agents and controlling persons harmless against
      and from any and all losses, claims, and damages or liabilities, joint and
      several, to which GSG and it officers, directors, agents and controlling persons
      may become subject in connection with the transactions referred to in this
      agreement under an of the Federal securities laws, under any other statute,
      at
      common law or otherwise, and to reimburse GSG and its officers, directors,
      agents and controlling persons for any legal
      or
      other expenses, including the cost of investigation and preparation, incurred
      by
      GSG and its
      officers, directors, agents and controlling persons arising out of or in
      connection with any action or claim
      in
      connection therewith, whether or not resulting in any Liability.

    

    The
      indemnity provided in this paragraph shall cover any loss, claim, damage,
      liability or expense incurred by an indemnified party regardless of the
      negligence, or strict liability, of such indemnified party, but shall not cover
      any loss, claim damage, liability or expense resulting primarily from such
      indemnified party's gross negligence or willful misconduct. The indemnity
      provided in this agreement shall be in addition to any other rights any
      indemnified party may have with respect to the Company or
      otherwise.

    

    Arbitration

    

    Any
      controversy or dispute arising out of or relating to the Transaction or the
      breach
      or
alleged
      breach of any provision of this Agreement which cannot be resolved by mediation
      shall be settled by arbitration in Dallas, Texas, in accordance with the rules
      of the American Arbitration Association and judgment upon award rendered the
      arbitrator may be entered in any court having jurisdiction
      thereof. The prevailing party in any such arbitration shall be entitled to
      recover from the other
      parity reasonable attorneys' fees and costs incurred in connection therewith.
      The determination
      of the
      arbitrator in such proceeding shall be final, binding and
      non-appealable.

    

    Termination
      and Other

    

    The
      Company or GSG may terminate this agreement at any time with or without cause,
      upon written advice to that effect to the other party. Notwithstanding any
      termination or expiration of this agreement, if during the two (2) year period
      after such termination or expiration a transaction of the nature contemplated
      by
      this agreement is consummated involving the
      Company and any party to whom the
      Company
      was introduced by GSG, or who was contacted by GSG in connection with its
      services hereunder or who was contacted by any party who was contacted by GSG
      in
      connection herewith, then the Company shall, immediately upon the closing of
      such transaction, pay to GSG the fees set forth above as if such transaction
      had
      been
      consummated prior to the termination or expiration of this agreement. The
      indemnity provisions as set forth above shall survive any termination or
      expiration of this agreement.

    

    This
      agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of Texas, without regard to the principles of conflicts of
      laws thereof.

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    

    

    If
      the
      foregoing correctly sets forth our understanding, please so indicate by signing
      and returning to us the enclosed copy.

    
 

    Very
      truly yours,

    GaylerSmith
      Group, LLC.

     

    
      	
              By:
                /s/
                Michal L. Gayler

            	 
	
              Michal
                L. Gayler

            	 
	
              President

            	 

    

    

    

    
      	
              Agreed
                to and accepted this 18th day of May 2005.

            
	 
	 
	
              By:
                /s/
                Gary W. Boyd

            
	
              Gary
                W. Boyd

            

    

     

     

    -9-

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