Attached files
Exhibit 10.1
[ARMADA SPORTS & ENTERTAINMENT LOGO]
254 S Ronald Reagan Blvd, Ste 134
Longwood, FL 32750
321-295-7816
866-773-8630 (efax)
October 7, 2011
Mrs. Mary Beck
Via Email
RE: Letter of Appointment
Dear Mary:
This letter shall constitute as an appointment to the Board of Directors of
Armada Sports & Entertainment (DOMK) as a member. Among other lines of business,
the company is developing a series of golf events known as The Golf
Championships, which are made for television niche sports programming.
The terms of your engagement would be as follows:
1. The commence date of your engagement as a director would be October 15,
2011 for a term ending on October 14, 2012.
2. Your responsibilities as a director shall be to render the following
services to the Company:
* You would attend quarterly telephonic meetings of the board
* You would attend in person, the annual meeting of the board
* You would attend an initial telephonic conference with other board
members for introductory purposes
* You would leverage and/ or provide opportunities as a result of your
experience, background and relationships developed over the years to
maximize the economic benefit to the company and its shareholders.
4. Your compensation for service as a member of the board will be as follows:
* Cash compensation of $25,000 annually, payable in four quarterly
installments beginning with the quarter ending January 31, 2012.
* Stock compensation of 100,000 shares of restricted common stock. Stock
options of the company will be granted as determined by mutual
agreement.
* An all-expenses paid trip for you and a Guest to the site of the
annual meeting of the Board, to be held at the location of one of the
Company's events.
* Future service compensation beyond the term of this appointment will
be based upon the financial and market status of the company at that
time.
5. The Company shall maintain D&O Insurance of $5M during the term of your
service as a member of the Board of Directors. Upon your acceptance, a copy
of our D&O binder will be sent to you.
If these terms are acceptable, please indicate your acceptance below and return
to me either by PDF file or by fax to 407-349-1511.
Also, please forward the following when you return the letter acceptance:
A picture and approved bio to be used in our corporate materials. A JPEG or GIF
file is preferred.
I look forward to receiving your acceptance of the appointment and moving
forward on this exciting project with you.
Sincerely, Accepted:
/s/ Tom Kidd /s/ Mary Beck
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Tom Kidd, CEO Mary Beck
Chairma