<SEC-DOCUMENT>0001078782-14-000290.txt : 20140303
<SEC-HEADER>0001078782-14-000290.hdr.sgml : 20140303
<ACCEPTANCE-DATETIME>20140303144557
ACCESSION NUMBER:		0001078782-14-000290
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20140223
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Changes in Control of Registrant
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140303
DATE AS OF CHANGE:		20140303

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SMARTDATA CORP
		CENTRAL INDEX KEY:			0000827876
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				870449945
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53498
		FILM NUMBER:		14659868

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 1593
		CITY:			MOAB
		STATE:			UT
		ZIP:			84532
		BUSINESS PHONE:		801-557-6748

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1593
		CITY:			MOAB
		STATE:			UT
		ZIP:			84532
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k022814_8k.htm
<DESCRIPTION>FORM 8-K CURRENT REPORT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Form 8-K Current Report</TITLE>
<META NAME="author" CONTENT="Zach Bradford">
<META NAME="date" CONTENT="02/28/2014">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin:0px" align=center><B>UNITED STATES</B></P>
<P style="margin:0px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C. 20509</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center><B>Pursuant to Section 13 or 15(d) of the</B></P>
<P style="margin:0px" align=center><B>Securities Exchange Act</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>Date of Report (Date of Earliest event Reported):&nbsp;<B>February 23, 2014</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:14pt" align=center><B><U>SMARTDATA CORPORATION</U></B></P>
<P style="margin:0px" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=184.667 /><TD width=184.667 /><TD width=184.733 /></TR>
<TR><TD style="margin-top:0px" valign=top width=184.667><P style="margin:0px" align=center><U>Nevada</U></P>
</TD><TD style="margin-top:0px" valign=top width=184.667><P style="margin:0px" align=center><U>000-53498</U></P>
</TD><TD style="margin-top:0px" valign=top width=184.733><P style="margin:0px" align=center><U>87-0449945</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=184.667><P style="margin:0px" align=center>(State or other jurisdiction of incorporation or organization)</P>
</TD><TD style="margin-top:0px" valign=top width=184.667><P style="margin:0px" align=center>(Commission File Number)</P>
</TD><TD style="margin-top:0px" valign=top width=184.733><P style="margin:0px" align=center>(IRS Employer Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>P.O. Box 1593</B></P>
<P style="margin:0px" align=center><B><U>Moab, Utah 84532</U></B></P>
<P style="margin:0px" align=center>(Address of principal executive offices, including zip code)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B><U>(801) 557-6748</U></B></P>
<P style="margin:0px" align=center>(Registrant&#146;s telephone number, including area code)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B><U>N/A</U></B></P>
<P style="margin:0px" align=center>(Former name or former address, if changed since last report)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Calibri,Times New Roman">&nbsp;<FONT style="margin-bottom:1.333px; padding-top:1.333px; font-size:6pt; border:1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="font-size:6pt; color:#FFFFFF">.</FONT><FONT style="font-family:Times New Roman">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Calibri,Times New Roman">&nbsp;<FONT style="margin-bottom:1.333px; padding-top:1.333px; font-size:6pt; border:1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="font-size:6pt; color:#FFFFFF">.</FONT><FONT style="font-family:Times New Roman">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Calibri,Times New Roman">&nbsp;<FONT style="margin-bottom:1.333px; padding-top:1.333px; font-size:6pt; border:1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="font-size:6pt; color:#FFFFFF">.</FONT><FONT style="font-family:Times New Roman">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Calibri,Times New Roman">&nbsp;<FONT style="margin-bottom:1.333px; padding-top:1.333px; font-size:6pt; border:1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="font-size:6pt; color:#FFFFFF">.</FONT><FONT style="font-family:Times New Roman"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=justify><B>Section 1 - Registrant's Business and Operations</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Item 1.01&nbsp; Entry into a Material Definitive Agreement</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>On February 24, 2014, the Company entered into a Debt Settlement Agreement with Burkeley J. Priest, former sole director and officer of the Company, to settle all outstanding convertible debts which consists of advances provided to the Company of $81,158. Pursuant to the Debt Settlement Agreement, a cash payment of $19,500 and a $33,341 non-interest bearing promissory note due on February 24, 2016 has been issued to Mr. Priest as full consideration for all outstanding convertible debts. A gain on settlement of debt of approximately $28,318 will be recognized as a result of the Settlement Agreement. A copy of the Debt Settlement Agreement and $33,341 Promissory Note is attached hereto as Exhibit 10-2 and 10-3, respectively.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>On February 24, 2014, the Company entered into a Debt Settlement Agreement with Munson Family Limited Partnership, an entity controlled by Gerard Rice, a former director and officer of the Company, to settle all outstanding convertible debts which consists of advances provided to the Company of $16,659. Pursuant to the Debt Settlement Agreement, a $16,659 non-interest bearing promissory note due on February 24, 2016 has been issued to Munson Family Limited Partnership as full consideration for all outstanding convertible debts. &nbsp;A copy of the Debt Settlement Agreement and $16,659 Promissory Note is attached hereto as Exhibit 10-2 and 10-4, respectively.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>The Company held a $15,500 convertible note due to Marcel Vifian. &nbsp;On February 24, 2014 the board approved the repayment of the outstanding debt in cash.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Section 2 - Financial Information</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><FONT style="background-color:#FFFFFF"><B>Item 2.03&nbsp; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant</B></FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><FONT style="background-color:#FFFFFF">The information contained in Item 1.01 of this Form 8-K is incorporated herein by reference.</FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><FONT style="background-color:#FFFFFF"><B>Section 3 - Securities and Trading Markets</B></FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><FONT style="background-color:#FFFFFF"><B>Item 3.02&nbsp; Unregistered Sales of Equity Securities</B></FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><FONT style="background-color:#FFFFFF">In connection with the appointment of Bruce Lybbert as the Sole director, the Company will issue 1,500,000 shares of restricted common stock as consideration for his appointment. The shares were authorized for issuance pursuant to an exemption under Section 4(2) of the Securities Act of 1933.</FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Section 5 - Corporate Governance and Management</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Item 5.01&nbsp; Changes in Control of Registrant</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>On February 23, 2014, Bruce L. Lybbert was appointed as the sole officer and director for the company. &nbsp;As consideration for his appointment Mr. Lybbert received 1,500,000 shares of the Company's common stock. &nbsp;The shares received represent 61.2% of the Company's issued and outstanding shares of common stock.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Item 5.02&nbsp; Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>(b) Resignation of Director and Officer</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>On February 23, 2014, Burkeley J. Priest resigned as the as the Sole officer and Director of the Company. &nbsp;Mr. Priest's resignation was not a result from any disagreements with the Company of Management</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>(c) Appointment of Officers</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B><U>Bruce L. Lybbert</U></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>On February 23, 2014, concurrent with Mr. Priest's resignation. Mr. Lybbert was appointed to serve as the sole officer and director of Smartdata Corporation ( the &#147;Company&#148;)</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px" align=center>2</P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=justify><B><I>Bruce L. Lybbert</I></B>, 70, A seasoned veteran of the brokerage industry and Wall Street has served on the Board of Directors in several Companies in the public and Private sectors. &nbsp;Mr. Lybbert co-founded Tel America, Inc in 1982, growing it into a successful communications giant, <A NAME="_GoBack"></A>which became the largest regional long distance carrier in the western United States. Mr. Lybbert holds a B.A. in finance and marketing from Weber State University and pursued post-graduate studies in finance at New York University. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><FONT style="background-color:#FFFFFF">Mr. Lybbert will receive 1,500,000 shares for his appointment as the Sole Officer and Director of the Company. Currently, the Company has no plans to provide Mr. Lybbert with additional compensation for his services. </FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><FONT style="background-color:#FFFFFF">(d) Election of new Directors</FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><FONT style="background-color:#FFFFFF">On February 23, 2014 the board of directors elected Bruce L. Lybbert as the sole officer and director of the Company.</FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Section 9 - Financial Statements and Exhibits</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><FONT style="background-color:#FFFFFF"><B>Item 9.01&nbsp; Financial Statements and Exhibits</B></FONT><FONT style="background-color:#FFFFFF">.</FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><FONT style="background-color:#FFFFFF">(c) Exhibits</FONT></P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=73.867 /><TD width=9.2 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=73.867><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=9.2><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom><P style="margin:0px" align=justify>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:2px solid #000000" valign=bottom width=73.867><P style="margin:0px"><B>Exhibit No.</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=9.2><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:2px solid #000000" valign=bottom><P style="margin:0px" align=justify><B>Description</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=73.867><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=9.2><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px" align=justify>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=73.867><P style="margin:0px">Exhibit&nbsp;10.1</P>
</TD><TD style="margin-top:0px" valign=top width=9.2><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px" align=justify>Unanimous written consent in lieu of special meeting of the Board of Directors of SmartData Corporation. dated February 23, 2014</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=73.867><P style="margin:0px">Exhibit&nbsp;10.2</P>
</TD><TD style="margin-top:0px" valign=top width=9.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px" align=justify>Debt Settlement Agreement dated February 24, 2014</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=73.867><P style="margin:0px">Exhibit&nbsp;10.3</P>
</TD><TD style="margin-top:0px" valign=top width=9.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px" align=justify>Promissory Note dated February 24, 2014</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=73.867><P style="margin:0px">Exhibit&nbsp;10.4</P>
</TD><TD style="margin-top:0px" valign=top width=9.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px" align=justify>Promissory Note dated February 24, 2014</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=73.867><P style="margin:0px">Exhibit&nbsp;10.5</P>
</TD><TD style="margin-top:0px" valign=top width=9.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px" align=justify>Unanimous written consent in lieu of special meeting of the Board of Directors of SmartData Corporation. dated February 24, 2014</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><FONT style="background-color:#FFFFFF"><B><U>SIGNATURES</U></B></FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><FONT style="background-color:#FFFFFF">Pursuant to the requirements of the Securities Exchange Act of 1934,&nbsp;the Registrant has duly caused this report to be signed on its behalf by the&nbsp;undersigned hereunto duly authorized.</FONT></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=19.267 /><TD width=341 /></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px">Date:&nbsp;February 28, 2014</P>
</TD><TD style="margin-top:0px" valign=top width=360.267 colspan=2><P style="margin:0px">SmartData Corporation</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=360.267 colspan=2><P style="margin:0px">(Registrant)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=19.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=341><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=19.267><P style="margin:0px">By:</P>
</TD><TD style="margin-top:0px" valign=top width=341><P style="margin:0px"><I><U>/s/ Bruce Lybbert</U></I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=19.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=341><P style="margin:0px">Bruce Lybbert, Director</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px" align=center>3</P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
</DIV></BODY>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>f8k022814_ex10z1.htm
<DESCRIPTION>EXHIBIT 10.1 UNANIMOUS WRITTEN CONSENT OF BOARD OF DIRECTORS
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 10.1 Unanimous Written Consent of Board of Directors</TITLE>
<META NAME="author" CONTENT="zach">
<META NAME="date" CONTENT="02/28/2014">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin:0px" align=right><B><U>Exhibit 10.1</U></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>UNANIMOUS CONSENT IN LIEU OF A SPECIAL MEETING</B></P>
<P style="margin:0px" align=center><B>OF THE BOARD OF DIRECTORS OF</B></P>
<P style="margin:0px" align=center><B>SMARTDATA CORPORATION.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>The Undersigned, being the sole Director of Smart Data, Inc. (the Company), hereby takes the following action;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>WHEREAS, </B>Burkeley J. Priest is desirous of resigning as the sole Officer and Director of the Company;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>WHEREAS, </B>&nbsp;&nbsp;The Board of Directors deems it in the best interest of the Company to elect Bruce Lybbert to serve as the sole Officer and Director of the Company.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>WHEREAS, </B>&nbsp;&nbsp;The Board of Directors deems it in the best interest of the Company issue 1,500,000 shares of SmartData, Inc. Common stock to Bruce Lybbert as compensation for his appointment as the Sole Officer and Director of the Company.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>WHEREAS, </B>Bruce Lybbert has accepted his appointment as the sole Officer and Director of the Company.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>THEREFORE BE IT RESOLVED, </B>Bruce Lybbert be appointed as the sole Officer and Director of the Company; </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>BE IT FURTHER RESOLVED,</B> that 1,500,000 shares of common stock be issued in the name of Bruce Lybbert or his chosen designee; </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>BE IT FURTHER RESOLVED,</B> that the Company accept the resignation of Burkeley J. Priest as the sole Officer and Director of the Company, effective immediately;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>BE IT FURTHER RESOLVED, </B>that this Unanimous Consent be placed into the minute book of the Company with the proceedings of the Board of Directors and that this consent shall have the same force and effect as if a meeting of the directors were held.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>IN WITNESS WHEREOF, </B>the undersigned has executed this document to be effective this 23rd day of February, 2014.</P>
<P style="margin:0px" align=justify><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=367.2 /><TD width=367.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px"><I><U>/s/Burkeley J. Priest</U></I></P>
</TD><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px"><I><U>/s/Bruce Lybbert</U></I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px">Burkeley J. Priest</P>
</TD><A NAME="_GoBack"></A><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px">Bruce Lybbert</P>
</TD></TR>
</TABLE>
<DIV style="width:720px"><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>f8k022814_ex10z2.htm
<DESCRIPTION>EXHIBIT 10.2 DEBT SETTLEMENT AGREEMENT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 10.2 Debt Settlement Agreement</TITLE>
<META NAME="author" CONTENT="Zach Bradford">
<META NAME="date" CONTENT="02/28/2014">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin:0px" align=right><B><U>Exhibit 10.2</U></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>DEBT SETTLEMENT AGREEMENT</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify>THIS DEBT SETTLEMENT AGREEMENT (the &#147;Agreement&#148;) is entered into as of February 24, 2014 by and between <B>SmartData Corporation</B> &nbsp;(&#147;SmartData&#148;) whose address is &nbsp;P.O. Box 1593, Moab, Utah and <B>Burkeley J. Priest </B>(&#147;Priest&#148;), whose address is P.O. Box 1593 Moab, Utah 84532 and <B>Munson Family Limited Partnership </B>(&#147;Munson&#148;), whose address is 3374 Starview Dr. Bend, OR 97701.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>WHEREAS, SmartData wishes to settle $97,817.61 in convertible debt, which the parties agree represents all of the outstanding convertible debt owed to Priest and Munson as of February 23, 2014.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>NOW THEREFORE, in consideration of the covenants contained herein, the above recitals and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Priest shall receive $19,500 in Cash and a promissory note for $33,341, a copy of which is attached hereto (&#147;Burkeley Note&#148;).</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Munson Family Limited Partnership shall receive a promissory note for $16,659, a copy of which is attached hereto (&#147;Munson Note&#148;)</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>For valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and with the intent to be legally bound hereby, Priest and Munson do hereby release, acquit, and forever discharge SmartData from and does hereby covenant and agree never to institute or cause to be instituted any suit or other form of action or proceeding of any kind or nature whatsoever based upon the Settlement of the Debt against SmartData, its successors and assigns and each of their respective past and present, direct and indirect, subsidiary, parent, and affiliated entities, and to each of their respective past and present employees, agents attorneys in fact, attorneys at law, representatives, officers, directors, shareholders, partners and joint ventures.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>This agreement shall be construed according to the laws of the State of Nevada.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>IN WITNESS WHEREOF, the parties, intending to be bound hereby, have executed this agreement as of the date first written above.</P>
<P style="margin:0px"><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=367.2 /><TD width=367.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px">SmartData Corporation</P>
</TD><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px">Bu<A NAME="_GoBack"></A>rkeley J. Priest</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px"><I><U>/s/ Bruce Lybbert</U></I></P>
</TD><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px"><I><U>/s/Burkeley J. Priest </U></I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px">By: Bruce Lybbert, Director</P>
</TD><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px">By: Burkeley J. Priest</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px">Munson Family Limited Partnership</P>
</TD><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px"><I><U>/s/ Gerald Rice</U></I></P>
</TD><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px">By: Gerald Rice </P>
</TD><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<DIV style="width:720px"><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: 00847C22 -->
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>f8k022814_ex10z3.htm
<DESCRIPTION>EXHIBIT 10.3 PROMISSORY NOTE
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 10.3 Promissory Note</TITLE>
<META NAME="author" CONTENT="zach">
<META NAME="date" CONTENT="02/28/2014">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin:0px" align=right><B><U>Exhibit 10.3</U></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>PROMISSORY NOTE- BURKELEY J. PRIEST</B></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=367.2 /><TD width=348 /></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px"><B>$33,341</B></P>
</TD><TD style="margin-top:0px" valign=top width=348><P style="margin:0px" align=right><B>Date: February 24, 2014</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>FOR VALUE RECEIVED, the undersigned, SmartData Corporation, of P.O. Box 1593 Moab, UT 84532 promises to pay to the order of <B>Burkeley J. Priest</B> (&quot;Lender&quot;), whose address is 1593 Moab, UT 84532, or such place as the Lender may designate in writing to the undersigned, the principal sum of <B>Thirty-Three Thousand and Three Hundred and Forty-One Dollars ($33,341). </B>The entire principal amount shall be repaid on or before <B>February 24, 2016.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>ARTICLE I</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>GENERAL PROVISIONS</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify>1.1<FONT style="font-size:9pt">&nbsp;</FONT> <U>Interest.</U> The principal amount shall not be subject to interest.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>1.2<FONT style="font-size:9pt">&nbsp;</FONT> <U>Prepayment.</U> All or part of the aforesaid principal sum may be prepaid at any time and from time to time without penalty. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><B>ARTICLE II</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>EVENTS OF DEFAULT</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>The occurrence of any of the following events of default (&#147;Event of Default&#148;) shall, at the option of the Holder hereof, make all sums of principal and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>2.1<FONT style="font-size:9pt">&nbsp; </FONT><U>Failure to Pay Principal</U>. &nbsp;The Company fails to pay any installment of Principal Amount or other sum due under this Debenture when due and such failure continues for a period of thirty (30) days after the due date and written notice to the Company from the Holder.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M55"></A><P style="margin:0px" align=justify>2.2<FONT style="font-size:9pt">&nbsp; </FONT><U>Breach of Covenant</U>. &nbsp;The Company breaches any material covenant or other term or condition of this Debenture in any material respect and such breach, if subject to cure, continues for a period of ten (10) business days after written notice to the Company from the Holder.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M56"></A><P style="margin:0px" align=justify>2.3<FONT style="font-size:9pt">&nbsp; </FONT><U>Receiver or Trustee</U>. &nbsp;The Company or any Subsidiary of Company shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for them or for a substantial part of their property or business; or such a receiver or trustee shall otherwise be appointed.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>2.4<FONT style="font-size:9pt">&nbsp; </FONT><U>Judgments</U>. &nbsp;Any money judgment, writ or similar final process shall be entered or filed against Company or any subsidiary of Company or any of their property or other assets for more than $<A NAME="_DV_C37"></A>1,000,000,<A NAME="_DV_M59"></A> and shall remain unvacated, unbonded, unappealed, unsatisfied, or unstayed for a period of forty-five (45) <A NAME="_DV_M60"></A><A NAME="_DV_M61"></A>days.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M62"></A><P style="margin:0px" align=justify>2.6<FONT style="font-size:9pt">&nbsp; </FONT><U>Bankruptcy</U>. &nbsp;Bankruptcy, insolvency, reorganization, or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Company or any Subsidiary of Company and if instituted against them are not dismissed within forty-five (45) <A NAME="_DV_M66"></A>days of initiation.</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>ARTICLE III</B></P>
<P style="margin:0px" align=center><BR></P>
<A NAME="_DV_M75"></A><A NAME="_DV_M78"></A><P style="margin:0px" align=center><B>MISCELLANEOUS</B></P>
<P style="margin:0px" align=center><BR></P>
<A NAME="_DV_M79"></A><P style="margin:0px" align=justify>3.1<FONT style="font-size:9pt">&nbsp; </FONT><U>Failure or Indulgence Not Waiver</U>. &nbsp;No failure or delay on the part of Holder hereof in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege. &nbsp;All rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise available.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M80"></A><P style="margin:0px" align=justify><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=justify>3.2<FONT style="font-size:9pt">&nbsp; </FONT><U>Notices</U>. &nbsp;All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written notice. &nbsp;Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. &nbsp;The addresses for such communications shall be: (i) if to the Company to the Company at its address in the Memorandum dated February 17, 2014 or if the Company becomes a reporting company, on the address of its last report filed with the SEC and (ii) if to the Holder, to the name and address set forth on the Debenture Register. </P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M82"></A><P style="margin:0px" align=justify>3.3<FONT style="font-size:9pt">&nbsp; </FONT><U>Amendment Provision</U>. &nbsp;The term &#147;Debenture&#148; and all reference thereto, as used throughout this instrument, shall mean this instrument as originally executed, or if later amended or supplemented, then as so amended or supplemented.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M83"></A><P style="margin:0px" align=justify>3.4<FONT style="font-size:9pt">&nbsp; </FONT><U>Assignability</U>. &nbsp;This Debenture shall be binding upon the Company and its successors and assigns, and shall inure to the benefit of the Holder and its successors and assigns.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M84"></A><P style="margin:0px" align=justify>3.5<FONT style="font-size:9pt">&nbsp; </FONT><U>Cost of Collection</U>. &nbsp;If default is made in the payment of this Debenture, Company shall pay the Holder hereof reasonable costs of collection, including reasonable attorneys&#146; fees.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M85"></A><P style="margin:0px" align=justify>3.6<FONT style="font-size:9pt">&nbsp; </FONT><U>Governing Law</U>. &nbsp;This Debenture shall be governed by and construed in accordance with the laws of the State of Nevada, <B>including, but not limited to, Nevada statutes of limitations</B>. &nbsp;Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the civil or state courts of Nevada or in the federal courts located in the State of Nevada, Clark County. &nbsp;Both parties and the individual signing this Agreement on behalf of the Company agree to submit to the jurisdiction of such courts. &nbsp;The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. &nbsp;In the event that any provision of this Debenture is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or unenforceability of any other provision of this Debenture. &nbsp;The parties waive trial by jury. &nbsp;</P>
<A NAME="_DV_M89"></A><P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>3.7<FONT style="font-size:9pt">&nbsp; </FONT><U>Maximum Payments</U>. &nbsp;Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. &nbsp;In the event that the rate of interest required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company to the Holder and thus refunded to the Company.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M90"></A><P style="margin:0px" align=justify>3.8<FONT style="font-size:9pt"> &nbsp;&nbsp;</FONT><U>Construction</U>. &nbsp;&nbsp;Each party acknowledges that its legal counsel participated in the preparation of this Debenture and, therefore, stipulates that the rule of construction that ambiguities are to be resolved against the drafting party shall not be applied in the interpretation of this Debenture to favor any party <A NAME="_DV_M91"></A>against the other.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M92"></A><P style="margin:0px" align=justify>3.9<FONT style="font-size:9pt">&nbsp; </FONT><U>Shareholder Status</U>. &nbsp;The Holder shall not have rights as a shareholder of the Company with respect to its ownership of this Debenture.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>3.10<FONT style="font-size:9pt">&nbsp; </FONT><U>Non-Business Days</U>. &nbsp;&nbsp;Whenever any payment or any action to be made shall be due on a Saturday, Sunday or a public holiday under the laws of the State of Nevada, such payment may be due or action shall be required on the next succeeding business day and, for such payment, such next succeeding day shall be included in the calculation of the amount of accrued interest payable on such date.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>3.11<FONT style="font-size:9pt">&nbsp; </FONT><U>Officers or Directors</U>. This Debenture is a direct obligation of the Company and no director or officer shall be personally obligated hereon. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>IN WITNESS WHEREOF</B>, Company has caused this Debenture to be signed in its name by an authorized officer as of the 24th day of February, 2014.</P>
<P style="margin:0px"><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=283.2 /><TD width=451.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=283.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=451.2><P style="margin:0px"><B>SmartData Corporation</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=283.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=451.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=283.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=451.2><P style="margin:0px">By: <I><U>/s/ Bruce Lybbert</U></I>, Director</P>
</TD><A NAME="_DV_M97"></A></TR>
<TR><TD style="margin-top:0px" valign=top width=283.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=451.2><P style="margin:0px">Authorized Officer</P>
</TD></TR>
</TABLE>
<DIV style="width:720px"><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: 8E9D3739 -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>f8k022814_ex10z4.htm
<DESCRIPTION>EXHIBIT 10.4 PROMISSORY NOTE
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 10.4 Promissory Note</TITLE>
<META NAME="author" CONTENT="zach">
<META NAME="date" CONTENT="02/28/2014">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin:0px" align=right><B><U>Exhibit 10.4</U></B></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=367.2 /><TD width=348 /></TR>
<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px"><B>Principal Amount: $16,659</B></P>
</TD><TD style="margin-top:0px" valign=top width=348><P style="margin:0px" align=right><B>Issue Date: February 24, 2014</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B><U>PROMISSORY NOTE- MUNSON FAMILY LIMITED PARTNERSHIP</U></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify>FOR VALUE RECEIVED, the undersigned, SmartData Corporation, of P.O. Box 1593 Moab, UT 84532 promises to pay to the order of <B>Munson Family Limited Partnership</B> (&quot;Lender&quot;), whose address is 3374 Starview Dr. Bend OR 97701, or such place as the Lender may designate in writing to the undersigned, the principal sum of <B>&nbsp;Sixteen Thousand and Six Hundred and Fifty-Nine Dollars ($16,659) </B>(&quot;Principal Amount&quot;).<B> </B>The entire principal amount shall be repaid on or before <B>February 24, 2016.</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><B>ARTICLE I</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>GENERAL PROVISIONS</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify>1.1 <U>Interest.</U> The principal amount shall not be subject to interest.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>1.2 <U>Prepayment.</U> All or part of the aforesaid principal sum may be prepaid at any time and from time to time without penalty. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>ARTICLE II</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>EVENTS OF DEFAULT</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify>The occurrence of any of the following events of default (&#147;Event of Default&#148;) shall, at the option of the Holder hereof, make all sums of principal and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>2.1<FONT style="font-size:9pt">&nbsp;</FONT> <U>Failure to Pay Principal</U>. &nbsp;The Company fails to pay any installment of Principal Amount or other sum due under this Debenture when due and such failure continues for a period of thirty (30) days after the due date and written notice to the Company from the Holder.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M55"></A><P style="margin:0px" align=justify>2.2<FONT style="font-size:9pt">&nbsp;</FONT> <U>Breach of Covenant</U>. &nbsp;The Company breaches any material covenant or other term or condition of this Debenture in any material respect and such breach, if subject to cure, continues for a period of ten (10) business days after written notice to the Company from the Holder.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M56"></A><P style="margin:0px" align=justify>2.3<FONT style="font-size:9pt">&nbsp;</FONT> <U>Receiver or Trustee</U>. &nbsp;The Company or any Subsidiary of Company shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for them or for a substantial part of their property or business; or such a receiver or trustee shall otherwise be appointed.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>2.4<FONT style="font-size:9pt">&nbsp;</FONT> <U>Judgments</U>. &nbsp;Any money judgment, writ or similar final process shall be entered or filed against Company or any subsidiary of Company or any of their property or other assets for more than $<A NAME="_DV_C37"></A>1,000,000,<A NAME="_DV_M59"></A> and shall remain unvacated, unbonded, unappealed, unsatisfied, or unstayed for a period of forty-five (45) <A NAME="_DV_M60"></A><A NAME="_DV_M61"></A>days.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M62"></A><P style="margin:0px" align=justify>2.6<FONT style="font-size:9pt">&nbsp;</FONT> <U>Bankruptcy</U>. &nbsp;Bankruptcy, insolvency, reorganization, or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Company or any Subsidiary of Company and if instituted against them are not dismissed within forty-five (45) <A NAME="_DV_M66"></A>days of initiation.</P>
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<P style="margin:0px" align=center><B>ARTICLE III</B></P>
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<A NAME="_DV_M75"></A><A NAME="_DV_M78"></A><P style="margin:0px" align=center><B>MISCELLANEOUS</B></P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M79"></A><P style="margin:0px" align=justify>3.1<FONT style="font-size:9pt">&nbsp;</FONT> <U>Failure or Indulgence Not Waiver</U>. &nbsp;No failure or delay on the part of Holder hereof in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege. &nbsp;All rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise available.</P>
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<A NAME="_DV_M80"></A><P style="margin:0px" align=justify><BR>
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<P style="margin:0px; page-break-before:always" align=justify>3.2<FONT style="font-size:9pt">&nbsp;</FONT> <U>Notices</U>. &nbsp;All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written notice. &nbsp;Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. &nbsp;The addresses for such communications shall be: (i) if to the Company to the Company at its address in the Memorandum dated February 17, 2014 or if the Company becomes a reporting company, on the address of its last report filed with the SEC and (ii) if to the Holder, to the name and address set forth on the Debenture Register. </P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M82"></A><P style="margin:0px" align=justify>3.3<FONT style="font-size:9pt">&nbsp;</FONT> <U>Amendment Provision</U>. &nbsp;The term &#147;Debenture&#148; and all reference thereto, as used throughout this instrument, shall mean this instrument as originally executed, or if later amended or supplemented, then as so amended or supplemented.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M83"></A><P style="margin:0px" align=justify>3.4<FONT style="font-size:9pt">&nbsp;</FONT> <U>Assignability</U>. &nbsp;This Debenture shall be binding upon the Company and its successors and assigns, and shall inure to the benefit of the Holder and its successors and assigns.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M84"></A><P style="margin:0px" align=justify>3.5<FONT style="font-size:9pt">&nbsp;</FONT> <U>Cost of Collection</U>. &nbsp;If default is made in the payment of this Debenture, Company shall pay the Holder hereof reasonable costs of collection, including reasonable attorneys&#146; fees.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M85"></A><P style="margin:0px" align=justify>3.6<FONT style="font-size:9pt">&nbsp;</FONT> <U>Governing Law</U>. &nbsp;This Debenture shall be governed by and construed in accordance with the laws of the State of Nevada, <B>including, but not limited to, Nevada statutes of limitations</B>. &nbsp;Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the civil or state courts of Nevada or in the federal courts located in the State of Nevada, Clark County. &nbsp;Both parties and the individual signing this Agreement on behalf of the Company agree to submit to the jurisdiction of such courts. &nbsp;The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. &nbsp;In the event that any provision of this Debenture is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or unenforceability of any other provision of this Debenture. &nbsp;The parties waive trial by jury. &nbsp;</P>
<A NAME="_DV_M89"></A><P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>3.7<FONT style="font-size:9pt">&nbsp;</FONT> <U>Maximum Payments</U>. &nbsp;Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. &nbsp;In the event that the rate of interest required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company to the Holder and thus refunded to the Company.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M90"></A><P style="margin:0px" align=justify>3.8.<FONT style="font-size:9pt">&nbsp;</FONT> <U>Construction</U>. &nbsp;&nbsp;Each party acknowledges that its legal counsel participated in the preparation of this Debenture and, therefore, stipulates that the rule of construction that ambiguities are to be resolved against the drafting party shall not be applied in the interpretation of this Debenture to favor any party <A NAME="_DV_M91"></A>against the other.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_DV_M92"></A><P style="margin:0px" align=justify>3.9<FONT style="font-size:9pt">&nbsp;</FONT> <U>Shareholder Status</U>. &nbsp;The Holder shall not have rights as a shareholder of the Company with respect to its ownership of this Debenture.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>3.10<FONT style="font-size:9pt">&nbsp;</FONT> <U>Non-Business Days</U>. &nbsp;&nbsp;Whenever any payment or any action to be made shall be due on a Saturday, Sunday or a public holiday under the laws of the State of Nevada, such payment may be due or action shall be required on the next succeeding business day and, for such payment, such next succeeding day shall be included in the calculation of the amount of accrued interest payable on such date.</P>
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<P style="margin:0px" align=justify>3.11<FONT style="font-size:9pt">&nbsp;</FONT> <U>Officers or Directors</U>. This Debenture is a direct obligation of the Company and no director or officer shall be personally obligated hereon. </P>
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<P style="margin:0px" align=justify><B>IN WITNESS WHEREOF</B>, Company has caused this Debenture to be signed in its name by an authorized officer as of the 24th day of February, 2014.</P>
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<TR><TD style="margin-top:0px" valign=top width=283.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=451.2><P style="margin:0px"><B>SmartData Corporation</B></P>
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<TR><TD style="margin-top:0px" valign=top width=283.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=451.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=283.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=451.2><P style="margin:0px">By: <I><U>/s/ Bruce Lybbert</U></I>, Director</P>
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<TR><TD style="margin-top:0px" valign=top width=283.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=451.2><P style="margin:0px">Authorized Officer</P>
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<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>f8k022814_ex10z5.htm
<DESCRIPTION>EXHIBIT 10.5 UNANIMOUS WRITTEN CONSENT OF BOARD OF DIRECTORS
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<TITLE>Exhibit 10.5 Unanimous Written Consent of Board of Directors</TITLE>
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<META NAME="date" CONTENT="02/28/2014">
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<DIV style="width:720px"><P style="margin:0px" align=right><B><U>Exhibit 10.5</U></B></P>
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<P style="margin:0px" align=center><B>UNANIMOUS CONSENT IN LIEU OF A SPECIAL MEETING</B></P>
<P style="margin:0px" align=center><B>OF THE BOARD OF DIRECTORS OF</B></P>
<P style="margin:0px" align=center><B>SMARTDATA CORPORATION.</B></P>
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<P style="margin:0px" align=justify>The Undersigned, being the sole Director of SmartData Corporation (the Company), hereby takes the following action;</P>
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<P style="margin:0px" align=justify><B>WHEREAS, </B>SmartData Corporation is desirous of settling all outstanding convertible debts of $81,158 due to Burkeley J. Priest a former sole Officer and Director of the Company. Such settlement to occur through the execution of a debt settlement agreement which requires a cash payment of $19,500 and the issuance of a $33,341, two year, noninterest bearing promissory note due February 24, 2016.</P>
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<P style="margin:0px" align=justify><B>WHEREAS, </B>SmartData Corporation is desirous of settling all outstanding convertible debts of $16,659 due to the Munson Family Limited Partnership, an entity controlled by Gerard Rice, a former director and officer of the Company. Such settlement to occur through the execution of a debt settlement agreement which requires the issuance of a $16,659, two year, noninterest bearing promissory note due February 24, 2016.</P>
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<P style="margin:0px" align=justify><B>WHEREAS, </B>SmartData Corporation is desirous of settling all outstanding convertible debts of $15,500 due to Marcel Vifian. &nbsp;Such settlement to occur through a cash payment of $15,500.</P>
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<P style="margin:0px" align=justify><B>WHEREAS, </B>&nbsp;&nbsp;The Board of Directors deems it in the best interest of the Company to settle all outstanding convertible debts as of February 24, 2014.</P>
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<P style="margin:0px" align=justify><B>THEREFORE BE IT RESOLVED, </B>SmartData Corporation shall execute a Debt Settlement Agreement with Burkeley J. Priest which requires a cash payment of $19,500 and the issuance of a $33,341, two year, noninterest bearing promissory note due February 24, 2016;</P>
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<P style="margin:0px" align=justify><B>BE IT FURTHER RESOLVED,</B> SmartData Corporation shall execute a Debt Settlement Agreement with Munson Family Limited Partnership which requires the issuance of a $16,659, two year, noninterest bearing promissory note due February 24, 2016.</P>
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<P style="margin:0px" align=justify><B>BE IT FURTHER RESOLVED,</B> SmartData Corporation shall settle the outstanding convertible debt due to Marcel Vifian through a $15,500 cash payment.<A NAME="_GoBack"></A></P>
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<P style="margin:0px" align=justify><B>BE IT FURTHER RESOLVED, </B>that this Unanimous Consent be placed into the minute book of the Company with the proceedings of the Board of Directors and that this consent shall have the same force and effect as if a meeting of the directors were held.</P>
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<P style="margin:0px" align=justify><B>IN WITNESS WHEREOF, </B>the undersigned has executed this document to be effective this 24th day of February, 2014.</P>
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<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px"><I><U>/s/Bruce Lybbert</U></I></P>
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<TR><TD style="margin-top:0px" valign=top width=367.2><P style="margin:0px">Bruce Lybbert</P>
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