Armada Sports & Entertainment Board Appointment Letter Agreement with Mary Beck

Summary

Armada Sports & Entertainment appoints Mary Beck as a member of its Board of Directors for a one-year term starting October 15, 2011. Beck is required to attend quarterly telephonic meetings, an annual in-person meeting, and an initial introductory call, and to use her experience to benefit the company. Compensation includes $25,000 annually, 100,000 shares of restricted stock, potential stock options, and an all-expenses-paid trip to the annual meeting. The company will provide $5 million in directors and officers insurance during her term.

EX-10.1 2 ex10-1.txt LETTER AGREEMENT Exhibit 10.1 [ARMADA SPORTS & ENTERTAINMENT LOGO] 254 S Ronald Reagan Blvd, Ste 134 Longwood, FL 32750 ###-###-#### ###-###-#### (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 ----------------------------------- ----------------------------------- Tom Kidd, CEO Mary Beck Chairman