Document:

xedar8kex103_4282008.htm

     

    
      

      

    

     

    Exhibit 10.3

      24 MONTH CONSULTING
AGREEMENT

      EXTINSION/ AMMENDMENT TO
AGREEMENT

      

      

      The
following is an extension dated April 23, 2008 to the agreement between Capital
Group Communications (CGC and XeDAR Corporation (XDR).

      

      RECITALS

      

      WHEREAS, Company is XeDAR
Corporation and Consultant is Capital Group Communications.

      

      WHEREAS, Company desires to
extend the services of Consultant to represent the company in investors'
communications and public relations with existing shareholders, brokers, dealers
and other investment professionals as to the Company's current and proposed
activities, and to consult with management concerning such Company
activities;

      

      NOW THEREFORE, in
consideration of the promises and the mutual covenants and agreements
hereinafter set forth, the parties hereto covenant and agree as
follows:

      

      
        	
                1)  

              	
                Remuneration.
      As full and complete compensation for services described in this
      Agreement, the Company shall compensate CGC as
  follows:

              

      

      

      For
undertaking this engagement and for other good and valuable consideration, the
Company agrees to issue and deliver to the Consultants a "Commencement Bonus"
payable in the form of 500,000 shares of the Company's Common Stock ("Common
Stock").  This Commencement Bonus shall be issued and delivered to
consultant immediately following the date that XeDAR Corporation's shares are
traded on the American Stock Exchange, so long as the listing occurs by July
31st,
2008.  These shares will be tradable under Rule 144, but will also be
restricted as follows: 50% will be restricted for 12 months from the date the
extension Agreement is executed; 25% will be restricted for 18months from the
date the extension Agreement is executed; and the remaining 25% will be
restricted for 24 months from the date the extension Agreement is
executed.  In the event of a change in control the restriction will be
removed from all of the shares. (In the event XeDAR is acquired or sold before
July 31st, 2008 CGC will be rewarded its shares as if it were
listed.  XeDAR agrees to accelerate its application and not impede
with the Listing or requirements to evade or forestall any payments under this
extension.)

      

      
        	
                a)  

              	
                 With
      each transfer of shares of Common Stock to be issued pursuant to this
      Agreement (collectively, the "Shares"), Company shall cause to be issued a
      certificate representing the Common Stock and a written opinion of counsel
      for the Company stating that said shares are validly issued, fully paid
      and non-assessable and that the issuance and eventual transfer of them to
      Consultant has been duly authorized by the Company.  Company
      warrants that all Shares issued to Consultant pursuant to this Agreement
      shall have been validly issued, fully paid and non-assessable and that the
      issuance and any transfer of them to Consultant shall have been duly
      authorized by the Company's board of
directors.

              

      

       

      1.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

       

      
        	
                b)  

              	
                Consultant
      acknowledges that the shares of Common Stock to be issued pursuant to this
      Agreement (collectively, the "Shares") have not been registered under the
      Securities Act of 1933, and Accordingly are "restricted securities" within
      the meaning of Rule 144of the Act.

              

      

      

      
        	
                c)  

              	
                In
      connection with the acquisition of Shares hereunder, the Consultant
      represents and warrants to the Company, to the best of its/his knowledge,
      as follows:

              

      

      

      
        	
                i)  

              	
                Consultant
      acknowledges that the Consultant has been afforded the opportunity to ask
      questions of and receive answers from duly authorized officers or other
      representatives of the Company concerning an investment in the Shares, and
      any additional information which the Consultant has
    requested.

              

      

      
        	
                ii)  

              	
                Consultant
      has had experience in investments in restricted and publicly traded
      securities, and Consultant has had experience in investments in
      speculative securities and other investments which involve the risk of
      loss of investment. Consultant acknowledges that an investment in the
      Shares is speculative and involves the risk of loss. Consultant has the
      requisite knowledge to assess the relative merits of this investment
      without the necessity of relying upon other advisors, and Consultant can
      afford the risk of loss of his entire investment in the
      Shares.

              

      

      

      This
extension shall not void the original agreement but shall constitute an
amendment to the agreement to extend such services for an additional 24
months.

      

      
        	
                2)  

              	
                Complete
      Agreement. This Agreement contains the entire agreement of the parties
      relating to the subject matter hereof. This Agreement and its terms may
      not be changed orally but only by an agreement in writing signed by the
      party against whom enforcement of any waiver, change, modification,
      extension or discharge is sought.

              

      

      

      AGREED
TO:

      

      
        	
                "Company"

              	 
      	
                XeDAR

                 

              
	
                Date:

              	
                By:

              	
                /s/ Hugh Williamson,
      III

                Hugh
      Williamson, III

                 

              
	
                "Consultant"

              	 
      	
                CAPITALGROUP
      COMMUNICATIONS, INC

                 

              
	
                Date:

              	
                By:

              	
                /s/ Devin Bosch,
      President

                Devin
      Bosch

                 

              

      

       

      
        2.benacq8k042308ex10-4.htm

    
      

      

    

    
      Exhibit
10.4

      

      BENACQUISTA GALLERIES,
INC.

      6870 La
Valle Plateada,

      Rancho
Santa Fe, California  92067

      

      
        	 
      	
                April
      23, 2008

              

      

      

      Vibe
Records, Inc.

      446
Edwards Avenue, Suite #1

      Calverton,
New York 11933

      

      To Whom
It May Concern:

      

      Reference
is made to the Agreement of Sale (“Agreement”), dated as of January 11,
2008  and the Letter Agreement dated April 4, 2008 (“Letter
Agreement”) by and between Vibe Records, Inc., a Delaware Corporation (“Vibe”), Benacquista
Galleries, Inc., a Nevada corporation (“Benacquista”), James
Price, an Individual (“Mr. Price”) and
Timothy Olphie, an individual (“Mr. Olphie”, and
together the “Parties”).  All
terms defined in the Agreement shall have the same meaning when used in this
letter unless otherwise defined herein.

      

      
        	
                1.

              	
                Benacquista
      and Mr. Price are willing to extend the termination date under the Letter
      Agreement from April 23, 2008 to April 29, 2008, in consideration for the
      payment of an additional $25,000 non-refundable deposit toward the
      purchase price of $425,000 (“Additional Payment”).  This payment
      must be received by April 24, 2008 at 5:00 PM
  EST.

              

      

      
        	
                2.

              	
                Benacquista
      and Mr. Price agree that no later than three business days after receipt
      of the Additional Payment and signed and executed copy of this document by
      Vibe and Mr. Olphie, they will prepare and file all necessary documents
      with the Securities and Exchange Commission to announce the terms of this
      Letter.  The failure of Benacquista and Mr. Price to file such
      documents within the timeframe set forth in this Paragraph will be deemed
      a material breach of this Letter, and Benacquista and Mr. Price agree that
      they will refund the Additional Payment to Vibe, unless such breach is
      waived in writing by Vibe and Mr.
Olphie.

              

      

      
        	
                3.

              	
                IN
      ADDITION, BENACQUISTA AGREES THAT IF THE ADDITIONAL PAYMENT IS MADE, IT
      WILL RESPOND TO ANY COMMENTS BY THE SEC REGARDING THE PRE 14C FILED ON
      APRIL 16, 2008 WITHIN TWO BUSINESS DAYS OF RECEIPT OF THE
      SAME.  EACH FULL DAY DELAY IN RESPONDING BEYOND TWO BUSINESS
      DAYS SHALL EXTEND THE MAY 7, 2008 TERMINATION DATE BY A FULL
      DAY.  HOWEVER, SUCH AN EXTENSION SHALL NOT OCCUR IF ANY
      PRO-FORMA CONSOLIDATED FINANANCIAL INFORMATION OR OTHER INFORMATION
      REQUIRED BY THE SEC FROM VIBE IS NOT RECEIVED WITHIN 48 HOURS OF RECEIPT
      OF SEC COMMENTS BY VIBE OR ITS COUNSEL.  IN THE EVENT
      BENACQUISTA RESPONDS TO SUCH SEC COMMENTS IN A TIMELY FASHION, BUT THERE
      ARE STILL OUTSTANDING SEC COMMENTS ON MAY 7, 2008, THIS FACT WILL NOT
      PROVIDE GROUNDS FOR ANY FURTHER EXTENSION UNDER THIS
      AGREEMENT.

              

      

      
        	
                4.

              	
                In
      the event that Vibe needs to extend the termination date past April 29,
      2008, Mr. Price and Benacquista are willing to grant Vibe a subsequent
      extension on the termination date from April 29, 2008 to May 7, 2008,
      however, IF THE FULL PAYMENT remaining of $400,000 IS NOT RECEIVED BY
      APRIL 29, 2008 AT 5:00 PM EST, THE ADDITIONAL PAYMENT MADE IN PARAGRAPH
      ONE  WILL NOT BE CREDITED TOWARD THE PURCHASE
      PRICE.  THIS MEANS THE PURCHASE PRICE WOULD INCREASE TO
      $425,000.  If the Additional Payment is made and the remaining
      balance is paid on time by May 7, 2008 at 5:00 PM EST, Benacquista and Mr.
      Price agree that Benacquista will issue shares of common stock to Mr.
      Robert McCoy valued at $50,000.

              

      

      
        	
                5.

              	
                In
      the event that Vibe does not pay the entire remaining balance of the
      purchase price by May 7, 2008 at 5:00 PM EST, any amounts paid under this
      letter shall be retained my Mr. Price as non-refundable option fees and
      Mr. Olphie and Vibe specifically waive and discharge any claim to recover
      the same for any reason.  All other terms of the Agreement shall
      apply. Time is of the essence with each date listed in this letter and
      such dates and times will be strictly enforced.  VIBE
      SPECIFICALLY ACKNOWLEDGES THAT NO MORE EXTENSIONS WILL BE
      GIVEN.

              

      

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      

      

      
        	 
      	
                BENACQUISTA
      GALLERIES, INC.

              
	 
      	 
      
	 
      	
                By:
      /s/ James
      Price                
      

              
	 
      	
                Name:
      James Price

              
	 
      	
                Title:
      President and CEO

              
	 
      	 
      
	 
      	
                By:
      /s/ James
      Price                
      

              
	 
      	
                James
      Price

              

      

      

      

      

      

      

      

      

      

      

      AGREED AND
ACKNOWLEDGED:

      

      VIBE
RECORDS, INC.

       

      

      By: /s/ Tim
Olphie                                 

      Name: Tim
Olphie

      Title:  CEO

      

      

      By: /s/ Tim
Olphie                                 

      Tim
Olphie

       

       

       

       

      
2

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