COMPENSATION AGREEMENT
This Compensation Agreement is dated as of May 22, 2006 among Intellego,
LLC ("Consultants") and Secured Digital Applications, Inc., a Delaware
corporation (the "Company").
WHEREAS, the Company has engaged the Consultants as to provide consulting
and management services in connection with the Company's offering of
import/export management services, logistics management services and consulting
services, including facilities and staffing to conduct such operations, and the
Consultants have agreed to provide such 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. As compensation for the foregoing consulting services, the Company shall
issue 500,000 shares of common stock, $.00001 par value per share,
quarterly to such members or employees of the Consultants as the
Consultants shall designate.
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
60 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.
SECURED DIGITAL APPLICATIONS, INC.
/s/Xxxxxxx Soon-Xxxx Xxx
-------------------------
Xxxxxxx Soon-Xxxx Xxx
Chairman
INTELLEGO, LLC
/s/Xxx X. XxXxxxxx
-------------------
Xxx X. XxXxxxxx
