0000950153-06-003075 Sample Contracts

JOINT VENTURE AND LIMITED LIABILITY COMPANY AGREEMENT by and among Teknik Digital Arts, Inc. and Powergrid Fitness, Inc.
Joint Venture Agreement • December 28th, 2006 • Teknik Digital Arts Inc. • Services-prepackaged software • Arizona

THIS AGREEMENT is entered into as of August 1, 2006, by and between Teknik Digital Arts, Inc., a Nevada corporation (“Teknik”), and Powergrid Fitness, Inc. a Delaware corporation (“Powergrid”)

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EXERCISE AND WELLNESS CONSULTING AGREEMENT
Exercise and Wellness Consulting Agreement • December 28th, 2006 • Teknik Digital Arts Inc. • Services-prepackaged software

This Exercise and Well ness Consulting Agreement is made and entered into this 21st day of August, 2006, by and between Teknik Digital Arts, Inc.(“TKNK”), a Nevada Corporation, 7518 Elbow Bend Road #B-9, P.O. Box 2800-314, Carefree, Arizona 85377 and Dr. Charles Corbin (“CORBIN”), of Phoenix, Arizona.

August 15, 2006 PERSONAL AND CONFIDENTIAL Mr. John Ward Chief Executive Officer Teknik Digital Arts, Inc. 7518 Elbow Bend Road, Suite B-9 P. O. Box 2800-314 Carefree, Arizona 85377 Dear Mr. Ward:
Consulting Agreement • December 28th, 2006 • Teknik Digital Arts Inc. • Services-prepackaged software • Arizona

This letter (“Consulting Agreement”) confirms that Alare Capital Partners, LLC (“Alare”, “we” or “our” or “us”) has been engaged by Teknik Digital Arts Inc., a Nevada corporation, its subsidiaries, successors or affiliates (the “Company”, “you”, or “your”), to act as your consultant for the purpose of rendering to you business advice and other services in such capacity, on the terms and conditions hereinafter set forth. Our engagement shall become effective as of the date set forth above.

TEKNIK DIGITAL ARTS, INC. CONVERTIBLE NOTE PURCHASE AGREEMENT
Convertible Note Purchase Agreement • December 28th, 2006 • Teknik Digital Arts Inc. • Services-prepackaged software • Arizona

THIS CONVERTIBLE NOTE PURCHASE AGREEMENT (the “Agreement”) is made as of the ___day of ___, 2006 by and between Teknik Digital Arts, Inc., a Nevada corporation (the “Company”), and the investors listed on Exhibit A attached to this Agreement (each a “Purchaser” and collectively, the “Purchasers”).

TEKNIK-POWERGRID JV LICENSE AGREEMENT
License Agreement • December 28th, 2006 • Teknik Digital Arts Inc. • Services-prepackaged software • Arizona

AGREEMENT made as of August 1, 2006 between Powergrid Fitness, Inc. (“Powergrid”), whose address is 8681 Cherry Lane, Laurel, Maryland 20707 and Teknik-Powergrid, JV, LLC. (“JV”) whose address is 36889 N. Tom Darlington Drive, Suite B6-314, PO Box 2800-314, Carefree, Arizona 85377 Attention: John Ward,

MEDICAL AND WELLNESS CONSULTING AGREEMENT
Medical and Wellness Consulting Agreement • December 28th, 2006 • Teknik Digital Arts Inc. • Services-prepackaged software

This Exercise and Well ness Consulting Agreement is made and entered into this 21st day of August, 2006, by and between Teknik Digital Arts, Inc.(“TKNK”), a Nevada Corporation, 7518 Elbow Bend Road #B-9, P.O. Box 2800-314, Carefree, Arizona 85377 and Craig Phelps (“PHELPS”), of Scottsdale, Arizona.

MARKETING CONSULTING AGREEMENT
Marketing Consulting Agreement • December 28th, 2006 • Teknik Digital Arts Inc. • Services-prepackaged software

This Exercise and Well ness Consulting Agreement is made and entered into this 21st day of August, 2006, by and between Teknik Digital Arts, Inc.(“TKNK”), a Nevada Corporation, 7518 Elbow Bend Road #B-9, P.O. Box 2800-314, Carefree, Arizona 85377 and Ray Artigue (“ARTIGUE”), of Phoenix, Arizona.

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