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COMPENSATION AGREEMENT

Executive Compensation Plan Agreement

COMPENSATION AGREEMENT | Document Parties: VERIFY SMART CORP. You are currently viewing:
This Executive Compensation Plan Agreement involves

VERIFY SMART CORP.

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Title: COMPENSATION AGREEMENT
Date: 10/2/2009

COMPENSATION AGREEMENT, Parties: verify smart corp.
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                                                                    Exhibit 10.1

                             COMPENSATION AGREEMENT

THIS COMPENSATION  AGREEMENT is dated and made for reference effective as of the
22nd day of September, 2009.

BETWEEN:

          VERIFYSMART CORP. with its address for notice hereunder at Fort Legend
          Towers,  Suite 2002 - 3rd Avenue  corner 31st Street,  E-Square,  Fort
          Bonifacio Global City, Taguig, Metro Manila, Philippines

          (hereinafter referred to as the "Company");

                                                               OF THE FIRST PART

AND:

          AMG GROUP INC.  with its address for notice  hereunder at P.O. Box 38,
          Riderwood, MD USA 21139-0038

          (hereinafter referred to as the "Consultant").

                                                              OF THE SECOND PART

(together   hereinafter   also  referred  to   individually  as  a  "Party"  and
collectively as "Parties")

WHEREAS:

A.   The  Company  is in  the  business  of  growing  its  verified  transaction
     software,  credit card  anti-fraud  program and  internet  business  and is
     seeking clients and partners; and

B.   The  Consultant has access to high quality  clients and partner  potentials
     who would have an appetite for the Company's products;

     NOW THEREFORE THIS AGREEMENT  WITNESSES that in consideration of the mutual
covenants and provisions herein contained, THE PARTIES HERETO AGREE AS FOLLOWS:

1.  In  consideration  of the  Consultant's  assistance  in  identifying  and/or
securing for the Company high quality clients and partners who are lawfully able
to participate with the Company then in the event of election for closing by the
Company with such  introduced by the Consultant the Company hereby agrees to pay
to the Consultant fees (the "FEE") as follows:

     (a)  asset  acquisition,  merger, or other value acquisition or disposition
          (the "Event") - the Company will pay within 30 days of closing of such
          an Event an amount equal to, at the Consultant's  election,  five (5%)
          in cash or ten (10%) in  common  stock  with the  stock  priced at the
          weighted  average stock price for the year, on the stated value of the
          Event or,  failing  contractual  value,  the fair market  value of the
          Event;
<PAGE>
                                      -2-


     (b)  card  issuers  or  internet  users  - the  Company  will  pay  to  the
          Consultant an amount of ten percent (10%) of cash flow received by the
          Company  (less direct third party costs) from banks,  other  financial
          institutions,  and any other business paying the Company based on card
          use or internet use of the Company's products for the first five years
          and five percent (5%)  thereafter for an additional five years and for
          the first  institution  of in excess of one million  cards  signed the
          Company  will pay the  Consultant  one  million  common  shares of the
          Company. For clarity, this Fee is applied to each new client such that
          the 10% applies to the first five years revenue of each client.

     (c)  the Company shall pay the Consultant a monthly fee of $5000US starting
          July 1 and pre-approved  expenses (such as flights and  accomodation).
          The consultant  will employ  reasonable best efforts to introduce high
          quality clients as soon as possible.

2. The term of this Agreement  shall be two (2) years from the date first herein
set forth.  Any earned Fee shall continue  beyond 


 
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