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employment_agreement.htm

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    EXECUTIVE
      EMPLOYMENT AGREEMENT

     

    This
      Executive Employment Agreement ("Agreement") is made and deemed effective as
      of
      January 10, 2008, by and between US Biodefense, Inc., a Utah corporation
      ("UBDE"), on one side, and Scott Gallagher ("Executive"), on the other side,
      with reference to the herein recitals, terms and conditions.

     

    RECITALS

     

    WHEREAS,
      Executive is negotiating the purchase of 10,000,000 (ten million) shares of
      UBDE's common stock from the Company and Executive will thereby gain a
      significant equity position thereby;

     

    WHEREAS,
      UBDE recognizes the experience and knowledge of Executive in matters relating
      to
      the UBDE's future business activities as a public company, and further,
      recognizes that it is in the best interests of UBDE to retain the services
      of
      Executive;

     

    NOW,
      THEREFORE, in consideration of the mutual covenants and agreements contained
      in
      this Agreement, it is hereby agreed as follows:

     

    AGREEMENT

    

    Employment.

    

    UBDE
      hereby employs Executive as UBDE's Chairman of the Board and Chief Executive
      Officer, and Executive hereby accepts employment by UBDE in accordance with
      the
      terms and conditions set forth in this Agreement.

    

    Term.

    

    Executive's
      initial term of employment and the services to be provided hereunder shall
      commence on January 10th ,2008 and
      continue
      for a period of two (2) years from such date (the "Initial Term"), subject
      to
      earlier termination as hereinafter provided.

    

    Compensation.

    

    UBDE
      shall pay Executive the following aggregate compensation for all services
      rendered by him to UBDE under this Agreement:

    

    3.1
      Base Salary.

     

    UBDE
      shall pay Executive a base salary during the term of this Agreement commencing
      at the rate of one hundred thousand dollars ($100,000) per annum (the "Base
      Salary"). The Base Salary shall be payable in arrears, in substantially equal
      monthly installments or more frequently in accordance with the policies of
      UBDE.
      UBDE shall review Executive's base salary bi-annually with Executive for the
      purpose of determining a reasonable increase based on Executive's service and
      performance, taking into consideration a good-faith assessment of any other
      incentive and/or bonus plans to which Executive may be a party. Such review
      shall be in accordance with UBDE's policies and practices with other executives
      in similar positions with UBDE and its subsidiaries, if any. Notwithstanding
      the
      foregoing, any increase in Executive's Base Salary shall be determined by UBDE
      at its sole discretion. In the event that UBDE is not able to pay the
      Executive's salary in cash, the Executive's salary will accrue and may be
      converted into common stock at a discount to the trading market value. Market
      Value will be the average closing price of UBDE common stock over the preceding
      30 day period.

    

    3.2
      Annual Bonus.

     

    UBDE
      shall pay Executive an annual bonus (the "Annual Bonus") in a minimum amount
      of
      twenty five percent (25%) of Executive's annual Base Salary based on the
      achievement of certain predetermined quantitative and qualitative goals related
      to the operating performance of UBDE as mutually determined and agreed upon
      by
      Executive and UBDE and in accordance with UBDE’s policies and
      practices.

     

    3.3
      Payment of Annual Bonus.

    Executive's
      Annual Bonus for each fiscal year shall be determined as soon as practicable
      following the end of each fiscal year, but in no event later than sixty (60)
      days following the end of each fiscal year. Any Annual Bonus due to Executive
      shall be paid promptly upon its final determination. UBDE shall cause and
      arrange to provide Executive with an annual statement showing the manner in
      which the Annual Bonus was calculated.

    

    3.4
      Other Benefits.

     

     Executive
      shall be entitled to participate, to the full extent eligible and available
      in
      accordance with the terms of the program in which he desires to participate
      in
      all group life and medical insurance programs which UBDE shall from time to
      time
      have for the benefit of its officers, directors and/or employees, subject to
      the
      rules and requirements then in effect regarding participation of executives
      or
      employees therein. Executive shall also be entitled to participate in any
      management compensation and benefit program on a basis similar to that which
      is
      made available to other members of UBDE's management team operating in a similar
      capacity as the Executive. UBDE reserves the right to modify, terminate, and/or
      reduce benefits at any time, provided such modification, termination and/or
      reduction is applied to all other members of the management team operating
      in a
      similar capacity as Executive.

    

    3.5
      Signing Bonus.

    UBDE
      shall deliver to Executive, upon execution of this Agreement, one million
      five-hundred thousand (1,500,000) post spilt shares of its common stock (the
      "Stock"), which tender shall be irrevocable. The Stock shall be free and clear
      of all liens, restrictions, security interests, charges or other encumbrances
      and shall be registered on SEC form S-8.

    

    Duties
      of Executive.

    

    4.1
      Business Development/Operations.

    Subject
      to the oversight and direction of the UBDE’s board of directors, Executive shall
      be responsible for managing and developing all aspects of UBDE's operations
      and
      business development affairs.

    

    4.2
      Additions and Changes.

    Executive
      shall perform such reasonable additional work as may be required by UBDE from
      time to time under the terms and conditions and according to the directions,
      instructions and control of UBDE's board of directors.

    

    4.3
      Best Efforts.

    Executive
      shall devote his best skill, effort and attention to his duties set forth herein
      and to further enhance and develop UBDE's business affairs, interests and
      welfare. Executive shall be entitled to perform his duties from whatever
      location he deems appropriate.

    

    4.4
      Policies.

    Executive
      shall adhere to the employment policies of UBDE in effect from time to time.
      References to the policies or practices of UBDE shall mean its policies or
      practices of which Executive has notice as in effect and modified from time
      to
      time.

    

    4.5
      Other Employment.

    Executive
      may engage in other employment without prior written consent of UBDE. Further,
      this provision shall not be construed to prevent the Executive from personally,
      and for Executive's own account, owning, managing, investing or trading in
      real
      estate, stocks, bonds, securities, commodities, or any other forms of
      investment, so long as such owning, managing, investing or trading is not in
      competition with UBDE and does not interfere with the performance of Executive's
      duties hereunder. However, Executive is not required to devote his full time
      to
      UBDE.

    

    Expenses.

    

    UBDE
      shall reimburse Executive for reasonable and necessary business expenses in
      accordance with the expense reimbursement policies and practices of UBDE and
      in
      accordance with a predetermined budget to be approved by the board of directors
      of UBDE.

    

    Director's
      and Officer's Insurance.

    

    UBDE
      shall be required to maintain, for the benefit of Executive, a director's and
      officer's policy of insurance.

     

    Fringe
      Benefits.

    

    UBDE
      shall provide Executive with all fringe benefits regularly provided to other
      similarly situated officers, directors of UBDE, generally and with such other
      fringe benefits as the Executive and UBDE shall mutually agree upon in
      writing.

    

    7.1
      Vacation.

     UBDE
      shall provide Executive with two (2) weeks of paid vacation as well as holidays
      in accordance with UBDE's policies.

    

    7.2
      Insurance.

    UBDE
      shall provide Executive with family health insurance pursuant to UBDE's health
      insurance plan if one exists and in accordance with the policies and practices
      of UBDE.

    

    Termination.

    

    8.1
      Termination with Cause.

    UBDE
      may
      terminate Executive "with cause" without notice, for reason of Executive's
      (i)
      misappropriation or embezzlement of funds of UBDE, (ii) intentional
      misrepresentation of a product or service offered by UBDE, (iii) soliciting
      a
      client's or customer's business for personal or competitive gain, (iv) use
      or
      sale of illegal drugs in the work place, or repeated intoxication from alcohol
      or controlled substances in the work place, (v) physical, mental or sexual
      abuse
      or harassment of any employee, customer or prospective client or customer,
      (vi)
      criminal negligence or criminal acts in the work place; (vii) commission of
      a
      felony or crime of moral turpitude, (viii) selling or providing confidential
      information of UBDE to a competitor, or (ix) theft or destruction of property
      of
      UBDE. UBDE may terminate Executive "with cause" if, after ten (10) days prior
      written notice by UBDE to Executive, Executive has failed to cure any of the
      following occurrences: (i) violation of UBDE policies or procedures, (ii) breach
      of any other of the covenants of this Agreement not specifically set forth
      in
      (i) through (viii) above, or (iii) breach of an employee's customary obligations
      to the employer. In the event that Executive is terminated "with cause,"
      Executive shall be entitled solely to the payment of (i) Executive's then
      current Base Salary through the date Executive is terminated and (ii) all
      accrued and unused vacation and sick leave as of the date of termination.
      Executive shall not be entitled to receive any other amounts or benefits from
      UBDE.

    

    8.2
      No Termination Without Cause.

    UBDE
      may
      not terminate Executive "without cause." In the event that UBDE terminates
      Executive "without cause," Executive shall be paid (i) the equivalent of two
      years of Base Salary and minimum bonus commitment as well as all accrued and
      unpaid salary through the date of termination and (ii) all accrued and unused
      vacation and sick leave as of the date of termination in addition to other
      legal
      and equitable remedies available to Executive.

    

    8.3
      Termination Due to Executive's Death or Disability.

    In
      the
      event that this Agreement is terminated due to Executive's death or disability
      (as defined below), Executive (or Executive's legal representatives) shall
      be
      paid (i) nine (9) months' Base Salary as severance, (ii) Base Salary through
      the
      date of termination, (iii) all Bonus payments earned through the date of
      termination or previously awarded and unpaid and (iv) all accrued and unused
      vacation and sick leave as of the date of termination. For purposes of this
      Agreement, the term "Disability" shall mean the mental and physical inability
      to
      perform satisfactorily Executive's regular full time duties - with or without
      a
      reasonable accommodation - as determined by a physician chosen by mutual
      agreement of a physician selected by Executive and a physician selected by
      UBDE,
      provided, however, that any Disability which continues for thirty (30) days
      (whether or not consecutive) in any eighteen (18) month period shall be deemed
      a
      Disability.

    

    Indemnification.

    

    9.1
      Definition.

    As
      used
      in this provision, "Damages" means all claims, damages, liabilities, losses,
      judgments, settlements, and expenses, including, without limitation, all
      reasonable fees and disbursements of counsel incident to the investigation
      or
      defense of any claim or proceeding or threatened claim or
      proceeding.

    

    9.2
      Terms of Indemnification.

    UBDE
      agrees to indemnify, defend and hold harmless Executive from all Damages (i)
      proximately caused by the fault or negligence of UBDE, its officers, directors,
      employees or agents; (ii) which relate in any manner to the terms and
      obligations of this Agreement; (iii) which relate to any other failure by UBDE
      to comply with any terms of this Agreement; (iv) which relate to any failure
      by
      UBDE to comply with applicable laws and/or regulations in accordance with this
      Agreement; and/or (v) resulting from any breach of any representation, warranty,
      covenant or promise made by UBDE in this Agreement.

    

    9.3
      Notice of Claim.

    UBDE
      shall promptly notify Executive in writing of any claim asserted by a third
      person that might give rise to any indemnity obligation hereunder. Failure
      of
      any UBDE to promptly give such notice shall not relieve that individual of
      his
      indemnification obligations under this Agreement. Together with or following
      such notice, UBDE shall deliver to Purchaser copies of all notices and documents
      received by such party relating to the asserted claim (including court
      papers).

    

    9.4
      UBDE Indemnification.

     Executive
      will indemnify and hold harmless, previous board members and officers of the
      corporation from any claim that arises relating to the business activities
      of
      UBDE after the "closing" date.

    

    Transfer
      and Assignment of Intellectual Property Rights.

    

    Executive
      agrees to transfer and assign to UBDE all of his rights, if any, to that certain
      intellectual Internet property known as "InternetHoldingsCorp.com"
“InternetBizExchnage.com” subject to UBDE's full compliance with the terms and
      conditions of this Agreement. However, Executive expressly disclaims any (i)
      warranty as to the viability, marketability, and/or functionality of that
      Internet property. In no event shall Executive be liable or responsible for
      any
      claims made against that Internet property in any respect and UBDE will be
      indemnified for all claims made prior to the "closing" date, UBDE will not
      be
      held responsible for any claims or liabilities relating to the above mentioned
      Internet properties prior to closing.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Miscellaneous.

    

    12.1
      Survival of Representations and Warranties.

     The
      representations and warranties of the parties including indemnification
      obligations contained herein shall survive following the termination of
      Executive's employment with UBDE.

    

    12.2
      Waivers.

     No
      action taken pursuant to this Agreement, including any investigation by or
      on
      behalf of any party shall be deemed to constitute a waiver by the party taking
      such action or compliance with any representation, warranty, covenant or
      agreement contained herein, therein and in any documents delivered in connection
      herewith or therewith. The waiver by any party hereto of a breach of any
      provision of this Agreement shall not operate or be construed as a waiver of
      any
      subsequent breach.

    

    12.3
      Notices.

     All
      notices, requests, demands and other communications, which are required or
      may
      be given under this Agreement shall be in writing and shall be deemed to have
      been duly given if delivered or mailed, first class mail, postage prepaid:

    

    To
      US Biodefense, Inc.; David Chin, CEO

    13674
      E.
      Valley Rd.

    City
      of
      Inudustry, CA 91746

    

    To
      Executive: Scott Gallagher

    300
      State
      Street East, Suite 226

    Oldsmar,
      Florida 34677

     

    or
      to
      such other address as such party shall have specified by notice in writing
      to
      the other party.

     

    12.4
      Merger and Integration.

     

    This
      Agreement contains the entire understanding of the parties. There are no
      representations, covenants or understandings other than those, either express,
      implied or referred to herein. Each party acknowledges that there are no
      conditions to this agreement other than those expressed or referred to herein.
      Each party further acknowledges that no other party or any agent or attorney
      of
      any other party has made any promise, representation or warranty whatsoever,
      express or implied or statutory, not contained or referred to herein, concerning
      the subject matter hereof, to induce him to execute this Agreement, and he
      acknowledges that he has not executed this Agreement in reliance on any such
      promise, representation or warranty not specifically contained or referred
      to
      herein.

    

    12.5
      Sections and Other Headings.

     The
      section and other headings contained in this Agreement are for reference
      purposes only and shall not affect the meaning or interpretation of this
      Agreement.

    

    12.6
      Governing Law.

    This
      Agreement, and all transactions contemplated hereby, shall be governed by,
      construed and enforced in accordance with the laws of the State of Florida.
      The
      parties herein submit to personal jurisdiction and venue of a court of subject
      matter jurisdiction which is appropriate for Oldsmar, Florida.

    

    12.7
      Attorney's Fees and Court Costs.

     In
      the event that litigation results from or arises out of this Agreement or the
      performance thereof, the parties agree to reimburse the prevailing party's
      reasonable attorney's fees, court costs, and all other expenses, whether or
      not
      taxable by the court as costs, in addition to any other relief to which, the
      prevailing party may be entitled.

    

    12.8
      Contractual Procedures.

    Unless
      specifically disallowed by law, should litigation arise hereunder, service
      of
      process therefore, may be obtained through certified mail, return receipt
      requested; the parties hereto waiving any and all rights they may have to object
      to the method by which service was perfected.

    

    12.9
      Partial Invalidity.

    If
      any
      provision in this Agreement is held by a court of competent jurisdiction to
      be
      invalid, void, or unenforceable, the remaining provisions will nevertheless
      continue in full force without being impaired or invalidated in any
      way.

    

    12.10
      Further Assurances.

    The
      parties agree to take all further actions, including execution of documents,
      which are reasonably necessary to effectuate the transaction contemplated by
      this Agreement.

    

    12.11
      Binding on Successors.

    This
      Agreement and covenants and conditions herein contained shall apply to, be
      binding upon and inure to the benefit of the respective heirs, administrators,
      executors, legal representatives, assignees, successors and agents of the
      parties hereto.

    

    12.12
      Specific Performance.

    The
      parties agree that remedies, at least for any breach or threat of breach of
      this
      Agreement, may be inadequate and that, in the event of any such breach or threat
      of breach, the non-breaching party will be entitled, in addition to all other
      rights and remedies otherwise available at law or in equity, to the equitable
      remedy of injunctive relief to enforce the provisions of this
      Agreement.

    

    12.13
      Joint Preparation.

    This
      Agreement is to be deemed to have been jointly prepared by the parties hereto
      and any uncertainty and ambiguity existing herein shall not be interpreted
      against any party hereto, but according to the application of the rules of
      interpretation of contracts, if any such uncertainty or ambiguity
      exists.

    

    12.14
      Counterparts.

    This
      Agreement can be executed in one or more counterparts and the counterparts
      signed in the aggregate shall constitute a single, original instrument. A
      facsimile/photocopy of this Agreement may be used in lieu of the original for
      all purposes.

    

    12.15
      Contingencies.

    This
      agreement must be signed by all board members of UBDE in addition to the
      following other documents and actions: the lease agreement settlement must
      be
      signed, the stock purchase agreement must be signed, all board members must
      resign as officers and board members of UBDE effective immediately and Mr.
      Scott
      Gallagher must be elected as COB/CEO and is responsible for all outstanding
      obligations of UBDE.

     

    IN
      WITNESS WHEREOF, the parties have executed this Agreement (consisting of 6
      pages) so that it is deemed effective as of the day and year first written
      above.

    

    
      	
              US
                Biodefense,
                Inc.                                                         
                 Scott Gallagher

               

              By: 
                /s/ David Chin                                             /s/
                Scott Gallagher

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

                       
                David
                Chin/CEO                                                         Scott
                Gallagher

               

                     
                Dated:  1/10/08                                                            
                Dated:  1/10/08stock_agreement1.htm

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    AGREEMENT
      FOR PURCHASE AND SALE OF STOCK

    

         This
      Agreement for Purchase of Stock  ("Agreement") is made and deemed
      effective as of January 10, 2008, by and between US Biodefense, Inc. (referred
      to as "Seller"), on one side, and Scott Gallagher or his assigns, successors
      and/or nominees (referred to as "Purchaser"), on the other side, with reference
      to the herein recitals, terms and conditions.

    

    RECITALS

    

         A.
      Seller’s representative is a shareholder of record and current Chairman and CEO
      of U.S. Biodefense, Inc. a Utah Corporation (the "Corporation");

    

         B.
      Purchaser desires to purchase and Seller desire to sell or cause to be sold
      a
      certain number of common shares of the Corporation’s stock as identified in
      Exhibit  "A" (the  "Stock") upon the terms and subject to
      the conditions hereinafter set forth;

    

         C.
      Purchaser further desires to be retained by the Corporation as Chairman of
      the
      board of directors and Chief Executive Officer in conjunction with consummation
      of the transaction contemplated by this Agreement;

    

         NOW,
      THEREFORE, in consideration of the mutual covenants and agreements
      contained in this Agreement, it is hereby agreed as follows:

    

    AGREEMENT

    

         1.0
      Purchase and Sale; Closing.

    

         1.1
      Purchases and Sale of Corporation’s Common Stock.

         Subject
      to the terms and conditions hereinafter set forth, at the closing of the
      transaction (defined below) contemplated hereby, Seller shall collectively
      sell,
      convey and transfer, or cause to be sold, conveyed or transferred, the Stock
      and
      deliver to Purchaser certificates representing the Stock, and the Purchaser
      shall purchase from the Seller the Stock in consideration of the purchase price
      set forth in Section 2, below.  The certificates representing the
      Stock shall be duly endorsed for transfer or accompanied by appropriate stock
      transfer powers duly executed in blank, in either case with signatures
      guaranteed in the customary fashion, and shall have all the necessary
      documentary transfer tax stamps affixed thereto at Sellers' sole
      expense.

    

         1.2
      Procedure for Closing.

         The
      closing of the transaction contemplated by this Agreement shall be held on
      January 10, 2008 at 1:00 p.m. EST, or such other place, date and time as the
      parties hereto may otherwise agree (such date to be referred to in this
      Agreement as the "Closing Date").

    

         1.3
      Deliveries by Sellers.

         On
      the Closing Date, Sellers shall deliver to Purchaser the following:

    

                             
      A. Those certificates evidencing the Stock as set forth in Section 3.2,
      below; and

    
      	
              B.  

            	
              Executed
                resignation of David Chin; and

            

    

    
      	
              C.  

            	
              Executed
                Employment agreement for Scott
                Gallagher

            

    

    

         1.4
      Deliveries by Buyers.

         On
      the Closing Date, Purchaser shall deliver to Seller, in accordance with the
      allocations set forth in Exhibit "A" hereto, checks or wire transfers totaling
      $150,000 as full consideration of the contemplated purchase of 5,000,000 (FIVE
      MILLION) shares of the sellers common stock..

     

         2.0
      Amount and Payment of Purchase Price.

    

         The
      full purchase price of the Stock shall be $150,000 in accordance with the
      allocation set forth in Exhibit "A" attached and incorporated herein, all in
      the
      aggregate sum of One Hundred Fifty Thousand ($150,000) Dollars and
      00/100.

    

         3.0
      Sellers' Representations and Warranties.

         Seller
      hereby warrants and represent as follows:

    

         3.1.
      Validity of Agreement.

         This
      Agreement has been duly executed and delivered by Seller and is a legal, valid
      and binding obligation upon Seller, enforceable in accordance with its terms,
      except as may be limited by the laws of bankruptcy or equity.

    

         3.2
      Title to Shares.

         The
      ten million shares of Stock and free and clear of all liens, security interests,
      charges or other encumbrances, except as otherwise disclosed in writing by
      Seller. Seller is not party to any agreement, written or oral, creating rights
      in respect to the Stock in any third person or relating to the voting of the
      Stock. There are no existing warrants, options, stock purchase agreements,
      stock
      transfer restriction agreements, redemption agreements, calls or rights to
      subscribe of any character relating to the Stock, nor are there any securities
      convertible into such stock.

    

         3.3
      Voluntary and Intelligent Execution.

         Seller
      has entered into the transaction contemplated by this Agreement at Sellers'
      own
      free will and without any fraud or coercion of any kind. Seller has not relied
      on any representations not contained in this Agreement. Seller has had the
      opportunity to seek the advice of competent and independent legal counsel with
      respect thereto and undertaken such investigation into the relevant facts as
      Seller deemed necessary and appropriate.

    

         3.4
      Authority Relative to this Agreement.

         Except
      as otherwise stated herein, Seller has full power and authority to execute
      this
      Agreement and carry out the transaction contemplated by it and no further action
      is necessary by Seller to make this Agreement valid and binding upon Seller
      and
      enforceable against him, individually or jointly, in accordance with the terms
      hereof, or to carry out the actions contemplated hereby. The execution, delivery
      and performance of this Agreement by Seller will not:

    

              A.
      Constitute a breach or a violation of the Corporation's Certificate of
      Incorporation, By-Laws, or of any law, agreement, indenture, deed of trust,
      mortgage, loan agreement or other instrument to which any of them are a party,
      or by which it is bound;

    

              B.  Constitute
      a violation of any order, judgment or decree to which any of them are a party
      or
      by which its assets or properties are bound or affected; or

    

              C.
      Result in the creation of any lien, charge or encumbrance upon any of their
      assets or properties, except as stated herein.

    

          3.5
      Seller’s Liability Representation.

    Seller
      hereby represents that Schedule
“C” contains the full list of outstanding liabilities of the Company as of the
      Closing Date and hereby indemnifies the Purchaser for any and all amounts in
      excess of those described on Schedule “C”.

    

          3.6
      Audit Representation.

    To
      the best of Seller’s belief and
      knowledge, the Corporation’s books are “Auditable” for the fiscal year ended
      2007. Further the Seller guarantee’s that he will deliver complete audited
      financial results for the fiscal year ended December 31, 2007 at his full
      expenses by February 10, 2008. Further, at closing, the seller will deliver
      to
      the Purchaser the Corporate book, including copies of all of the Corporation’s
      executed board resolutions and approved contracts.  In addition the
      Seller pledges full cooperation with the Purchaser in completing the
      aforementioned transaction.

    

         4.0
      Release and Waiver.

         For
      the consideration and mutual promises herein contained, the Seller, on behalf
      of
      himself and for all of its officers, directors, trustees, shareholders, heirs,
      executors, administrators, attorneys, consultants, successors and assigns,
      principals, agents, servants, employees, representatives, and each of them,
      hereby forever release and discharge Purchaser and the Corporation and their
      companies, officers, directors, trustees, shareholders, heirs, executors,
      administrators, attorneys, consultants, successors and assigns, partners,
      principals, agents, servants, employees, representatives, and each of them,
      from
      any and all actions, causes of action, judgments, liens, promises, agreements,
      contracts, obligations, Transactions, indebtedness, costs, damages, losses,
      lawsuits, arbitrations, appeals, claims, liabilities, indemnifications, debts,
      restrictive covenants, demands, attorney’s fees or expenses of any nature
      whatsoever, except as expressly set forth in this Agreement, and rights of
      any
      kind or character, known or unknown or speculative, arising out of, based upon,
      or relating to any claim, whether known or unknown, concerning in any manner
      Purchaser or the Corporation.

    

         5.0
      Indemnification.

    

         5.1
      Definition.

         As
      used in this provision, "Damages” means all claims, damages, liabilities,
      losses, judgments, settlements, and expenses, including, without limitation,
      all
      reasonable fees and disbursements of counsel incident to the investigation
      or
      defense of any claim or proceeding or threatened claim or
      proceeding.

    

         5.2
      Terms of Indemnification.

         Seller
      agrees to jointly and severally indemnify, defend and hold harmless Purchaser
      from all Damages (i) proximately caused by the fault or negligence of Seller,
      its officers, employees or agents; (ii) which relate in any manner to the terms
      and obligations of this Agreement; (iii) which relate to any other failure
      by
      Seller to comply with any terms of this Agreement; (iv) which relate to any
      failure by Seller to comply with applicable laws and/or regulations in
      accordance with this   Agreement; (v) resulting from any breach
      of any representation, warranty, covenant or promise made by Seller in this
      Agreement; and/or (vi) resulting from any and all federal, state or local tax
      liabilities of Seller that in any manner impact Purchaser.

    

         5.3
      Notice of Claim.

         Seller
      shall promptly notify Purchaser in writing of any claim asserted by a third
      person that might give rise to any indemnity obligation hereunder. Failure
      of
      Seller to promptly give such notice shall not relieve that individual of his
      indemnification obligations under this Agreement.  Together with or
      following such notice, Seller shall deliver to Purchaser copies of all Notices
      and documents received by such party relating to the asserted claim (including
      court papers).

    

         6.0
      Expenses.

         Each
      of the parties hereto shall pay its own expense in connection with this
      Agreement and the transactions contemplated hereby, including the fees and
      expenses of its counsel and its certified public accountants and other
      experts.

    

         7.0
      Conditions Precedent.

    

         7.1
      Purchaser's obligations under this Agreement are expressly conditioned upon,
      among other requirements stated herein, (i) the negotiation and execution of
      an
      executive employment agreement between the Corporation and Purchaser’s
      representative, (ii) effective resignation of all present board members and
      officers of the Corporation, and (iii) the election of Purchaser’s
      representative as the CEO of the Corporation.  Seller acknowledges and
      understands that the Corporation intends to retain and employ Purchaser’s
      representative as an officer and/or director of the
      Corporation.  Seller further acknowledges and hereby waives any
      conflict of interest by virtue of the intended employment of Purchaser’s
      representative by the Corporation.

    

         7.2
      In the event that Purchaser, Corporation or any third party fails to execute
      any
      of the above referenced agreements for any reason, then any deposits made by
      Purchaser to Seller, either individually or collectively, towards purchase
      of
      the Stock shall be immediately refunded by Seller and Purchaser's obligations
      under this Agreement shall be fully extinguished. Further, in such event, all
      items delivered by Seller shall be returned to same, including the
      Stock.

    

         8.0
      Miscellaneous.

    

         8.1
      Waivers.

         No
      action taken pursuant to this Agreement, including any investigation by or
      on
      behalf of any party shall be deemed to constitute a waiver by the party taking
      such action or compliance with any representation, warranty, covenant or
      agreement contained herein, therein and in any documents delivered in connection
      herewith or therewith.  The waiver by any party hereto of a breach of
      any provision of this Agreement shall not operate or be construed as a waiver
      of
      any subsequent breach.

    

         8.2
      Notices.

         All
      notices, requests, demands and other communications, which are required or
      may
      be given under this Agreement shall be in writing and shall be deemed to have
      been duly given if delivered or mailed, first class mail, postage
      prepaid:

    

                         To
      Seller:                         See
      Exhibit "B"

    

                         To
      Purchaser:                 Scott
      Gallagher

    300
      State Street East, Suite
      226

    Oldsmar,
      Florida 34677

    813-749-8805/Voice

    727-417-7807/Cell

    215-689-2748/Fax

    

         Or
      to such other address as such party shall have specified by notice in writing
      to
      the other party.

    

         8.3
      Merger and Integration.

         This
      Agreement contains the entire understanding of the parties.  There are
      no representations, covenants or understandings other than those, either
      express, implied or referred to herein.  Each party acknowledges that
      there are no conditions to this Agreement other than those expressed or referred
      to herein.  Each party further acknowledges that no other party or any
      agent or attorney of any other party has made any promise, representation or
      warranty whatsoever, express or implied or statutory, not contained or referred
      to herein, concerning the subject matter hereof, to induce him to execute this
      Agreement, and he acknowledges that he has not executed this Agreement in
      reliance on any such promise, representation or warranty not specifically
      contained or referred to herein.

    

         8.4
      Sections and Other Headings.

         The
      section and other headings contained in this Agreement are for reference
      purposes only and shall not affect the meaning or interpretation of this
      Agreement.

    

         8.5
      Governing Law.

         This
      Agreement, and all transactions contemplated hereby, shall be governed by,
      construed and enforced in accordance with the laws of the State of
      Nevada.  The parties herein submit to personal jurisdiction and venue
      of a court of subject matter jurisdiction, which is appropriate for Tampa,
      Florida.

    

         8.6
      Attorney's Fees and Court Costs.

         In
      the event that litigation results from or arises out of this Agreement or the
      performance thereof, the parties agree to reimburse the prevailing party's
      reasonable attorney's fees, court costs, and all other expenses, whether or
      not
      taxable by the court as costs, in addition to any other relief to which, the
      prevailing party may be entitled.

    

         8.8
      Contractual Procedures.

         Unless
      specifically disallowed by law, should litigation arise hereunder, service
      of
      process therefore, may be obtained through certified mail, return receipt
      requested; the parties hereto waiving any and all rights they may have to object
      to the method by which service was perfected.

    

         8.9
      Partial Invalidity.

         If
      any provision in this Agreement is held by a court of competent jurisdiction
      to
      be invalid, void, or unenforceable, the remaining provisions will nevertheless
      continue in full force without being impaired or invalidated in any
      way.

    

         8.10
      Survival of Representations and Warranties.

         The
      representations and warranties of the parties including indemnification
      obligations contained herein shall survive following the Closing
      Date.

    

         8.11
      Further Assurances.

         The
      parties agree to take all further actions, including execution of documents,
      which are reasonably necessary to effectuate the transaction contemplated by
      this Agreement.

    

         8.12
      Binding on Successors.

         This
      Agreement and covenants and conditions herein contained shall apply to, be
      binding upon and inure to the benefit of the respective heirs, administrators,
      executors, legal representatives, assignees, successors and agents of the
      parties hereto.

    

         8.13
      Specific Performance.

         The
      parties agree that remedies, at least for any breach or threat of breach of
      this
      Agreement, may be inadequate and that, in the event of any such breach or threat
      of breach, the non-breaching party will be entitled, in addition to all other
      rights and remedies otherwise available at law or in equity, to the equitable
      remedy of injunctive relief to enforce the provisions of this
      Agreement.

    

         8.14
      Joint Preparation.

         This
      Agreement is to be deemed to have been jointly prepared by the parties hereto
      and any uncertainty and ambiguity existing herein shall not be interpreted
      against any party hereto, but according to the application of the rules of
      interpretation of contracts, if any such uncertainty or ambiguity
      exists.

    

         8.15
      Counterparts.

         This
      Agreement can be executed in one or more counterparts and the counterparts
      signed in the aggregate shall constitute a single, original
      instrument.  A facsimile/photocopy of this Agreement may be used in
      lieu of the original for all purposes.

    

         IN
      WITNESS WHEREOF, the parties have executed this Agreement (consisting
      of 9 pages including Exhibits "A", “B” and "C") so that it is deemed effective
      as of the day and year first written above.

    

    SELLER:                                                                                    
PURCHASER:

    US
      Biodefense,
      Inc.                                                                                     Scott
      Gallagher

    

    

    By:          /s/
      David
      Chin                                                   By:         /s/
      Scott
      Gallagher                                           

    David
      Chin,
      CEO                                                                                   Scott
      Gallagher, CIO

    

    Dated:  January
      10,
      2008                                                                                     Dated:  January
      10, 2008

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    EXHIBIT
      "A"

    

    SELLERS'
      ALLOCATION OF SHARES/PURCHASE PRICE

     

    SHARES
      TO BE DELIVERED:

    

    SHAREHOLDER                                               COMMON
      SHARES                                                                           

    

    Scott
      Gallagher                                                      5,000,000

    

    

    Total                                              
        5,000,000

               =======

     

    CASH
      DISBURSEMENT

    

    US
      BioDefense,
      Inc.                                            $150,000
      (to be applied to an existing debt obligation of the Company)

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