This Engagement Agreement ("Contract") is entered into between Elco Securities Ltd. with principle offices located at Loyalist Plaza, Don Mackay Blvd., Marsh Harbour, Abaco, Bahamas ("Client") and Market Broadcast, LLC. ("Consultant") as of May 21, 2012 in Santa Ana, California. Consultant will provide services to Client on the terms set forth below. This Contract will not take effect, and Consultant will have no obligation to provide services, until seven days after both parties sign two copies of this Contract and all remuneration obligations have been met.
and compensation:
3. Renumeration. At least seven days prior to the commencement of services, Client will pay Consultant for services provided during the first 60 days of this open ended agreement, by causing the transfer of at least $50,000 into a nominee bank account of the Consultant and by providing Consultant with at least 300,000 common shares of the Subject to be electronically transferred into an account identified by the Consultant. These shares shall have no restrictive legend and shall be entirely free-trading, without limitation.
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