CONSULTING AGREEMENT entered into this 5th day of August 2009, by and between Seafarer Exploration
Corp. (the "Company"), and Shane Ivancoe ("Consultant").
WHEREAS, the Company desires to hire the consulting services of Consultant in the areas of Business
Development. Mergers and Acquisitions and Business Strategy for the Company (the "Services") in connection
the Company's business.
WHEREAS, in consideration for the Services. the Company shall issue its common stock upon the terms and
conditions hereinafter set forth.
NOW, THEREFORE. for valuable consideration, the receipt and sufficiency of which are hereby acknowledged.
the parties hereto agree as follows:
1. Provision of Services
Duties of Consultant, The Consultant will provide such services and advice to the Company so as to advise the
Company in business development, mergers and acquisitions, business strategy and specifically for analysis of the
treasure industry. Without limiting the generality of the foregoing, Consultant will assist the Company in
developing. studying and evaluating acquisition proposals. prepare reports and studies thereon when advisable.
Consultant will also assist the Company in evaluating the treasure industry and web sites. Nothing contained
herein constitutes a commitment on the part of the Consultant to find an acquisition target for the Company or, it
such target is found, that any transaction will be completed. This Agreement is not a contract for listing services,
and nothing in this Agreement will require the Consultant to negotiate on behalf of the Company with corporations
that are involved with listings or making a market in corporate securities in the OTC markets. Consultant would
undertake such services under the direction of Kyle Kennedy. Company President.
1.1 Duties Expressly Excluded. This Agreement expressly excludes the Consultant from providing public
relation services to the Company inclusive of but not lim