EXHIBIT 10.2
COMPENSATION AGREEMENT
This Compensation Agreement is dated as of January 16, 2006 among Global
Realty Development Corp., a Delaware corporation (the "Company") and Sichenzia
Xxxx Xxxxxxxx Xxxxxxx LLP ("Consultants").
WHEREAS, the Company has requested the Consultants to provide the Company
with legal services in connection with their business, and the Consultants have
agreed to provide the Company with such legal services; and
WHEREAS, the Company wishes to compensate the Consultants 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 up to 200,000 shares of the Company's common
stock, $.001 par value per share, to such members or employees of the
Consultants as the Consultants shall designate. 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
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Xxxxxx Xxxx, CEO
SICHENZIA XXXX XXXXXXXX XXXXXXX LLP
/s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx, Partner
