EXHIBIT 10.1
COMPENSATION AGREEMENT
This Compensation Agreement is dated as of January 16, 2006 among Global
Realty Development Corp., a Delaware corporation (the "Company") and MDM
Corporate Filer's Inc. ("Consultant").
WHEREAS, the Consultant has requested the Consultant to provide the Company
with business services in connection with its business; and
WHEREAS, the Company wishes to compensate the Consultant with shares of its
common stock for such services rendered;
NOW THEREFORE, in consideration of the mutual covenants hereinafter stated,
it is agreed as follows:
1. The Company will issue Twenty-Three Thousand Forty-Eight (23,048) shares
of the Company's common stock, $.001 par value per share, to the Consultant.
Subsequent to the filing of a registration statement on Form S-8 with the
Securities and Exchange Commission registering such shares, as set forth in
Section 2 below, the shares to be issued shall represent consideration for
services to be performed by the Consultant on behalf of the Company.
2. The above compensation shall be registered using a Form S-8. The Company
shall file such Form S-8 with the Securities and Exchange Commission within 30
days of the execution of this agreement.
IN WITNESS WHEREOF, this Compensation Agreement has been executed by the
Parties as of the date first above written.
GLOBAL REALTY DEVELOPMENT CORP.
/s/ Xxxxxx Xxxx
-------------------------
Xxxxxx Xxxx, CEO
MDM CORPORATE FILER'S INC.
/s/Xxxxxxx Xxxxxx
-------------------------
Xxxxxxx Xxxxxx, President
