**Exhibit 10.1**

**UTEK**

 

STRATEGIC ALLIANCE AGREEMENT

 

                                                                                                                                                                                                                              

 

This            Strategic Alliance Agreement is made and entered into this 4th day of August            2006, by and between UTEK Corporation (“UTEK”), a Delaware Corporation,            2109 E Palm Avenue, Tampa, Florida 33605, and Cargo Connection Logistics Holding, Inc.            (“CRGO”), a Florida Corporation, 600 Bayview Avenue, Inwood, New York            11096.

 

WITNESSETH:

 

WHEREAS, CRGO desires to engage UTEK to provide the services as set            forth in this Agreement, and

             

WHEREAS, UTEK is agreeable to provide these services.

             

NOW THEREFORE, in consideration of the mutual promise made in this            Agreement, and for other good and valuable consideration, the receipt and sufficiency            of which is hereby acknowledged, the parties hereto agree as follows:

             
| I. | SERVICES |
|----|----------|

             
|   | A. | To identify technology acquisition opportunities for CRGO                        from research universities and government laboratories, while maintaining                        CRGO’s confidentiality. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | B. | In conjunction with the Services, UTEK agrees to: |
|--------|----|---------------------------------------------------|

             
|   | I. | Make itself available at the offices of CRGO or at another                        mutually agreed upon place, during normal business hours, for reasonable                        periods of time, subject to reasonable advance notice and mutually                        convenient scheduling. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | II. | Make itself available for telephone conferences with the                        principal officer(s) of CRGO during normal business hours. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | C. | CRGO will have 30-days from receipt of information to                        determine if they wish to go forward with the technology license. UTEK,                        after 30 days, shall have the right to present the technology to other                        clients. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | D. | CRGO acknowledges that the sources of technologies                        represented by UTEK are 3rd party research institutions for                        which UTEK does not control whether the technology will be shown to other                        parties by the licensor. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | E. | At CRGO’s request and upon mutual agreement between                        CRGO and UTEK, UTEK will negotiate and seek to acquire a license to the                        requested technology for subsequent sale to and acquisition by                        CRGO. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | F. | On a case-by-case basis, at CRGO’s request and                        UTEK’s sole discretion, UTEK will propose an equity-financing plan                        for CRGO’s consideration, to finance select technology acquisition                        opportunities for CRGO. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | G. | CRGO will not seek to acquire any technologies presented to                        CRGO by UTEK from the technology developer directly or indirectly for a                        period of 24 months following the termination of this Strategic Alliance                        Agreement. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             

-1-

 

 

----

 

 
|   | H. | UTEK shall devote such time and efforts, as it deems                        commercially reasonable, under the circumstances to the affairs of CRGO, as                        is commercially reasonable and adequate to render the Services contemplated                        by this Agreement. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | I. | UTEK cannot guarantee results on behalf of CRGO, but shall                        pursue all reasonable avenues available through its network of contacts.                        The acceptance and consumption of any transaction is subject to acceptance                        of the terms and conditions by in its sole discretion. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | J. | CRGO will cooperate with UTEK and will promptly provide UTEK                        with all pertinent materials and requested information in order for UTEK to                        perform its Services pursuant to this Agreement. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| II. | INDEPENDENT CONTRACTOR |
|-----|------------------------|

             

UTEK            shall be, and in all respects be deemed to be, an independent contractor in the            performance of its duties hereunder.

 
|   | A. | CRGO shall be solely responsible for making all payments to                        and on behalf of its employees and UTEK shall in no event be liable for any                        debts or other liabilities of CRGO. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | B. | UTEK shall not have or be deemed to have, fiduciary                        obligations or duties to, and shall be able to pursue, conduct and carry on                        for its own account (or for the account of others) such activities,                        ventures, businesses and other pursuits as UTEK in its sole, absolute and                        unfettered discretion, may elect. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | C. | Notwithstanding the above, no activity, venture, business or                        other pursuit of UTEK, during the term of this Agreement shall conflict                        with UTEK’s obligations under this Agreement. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| III. | EXPENSES |
|------|----------|

             

It            is expressly agreed and understood that each party shall be responsible for its own            normal and reasonable out-of-pocket expenses.               

 
| IV. | COMPENSATION |
|-----|--------------|

             
|   | A. | In consideration for providing these Services, CRGO shall                        pay UTEK $120,000 in the form of unregistered shares of common stock                        (4,838,710 shares) upon the execution of this Strategic Alliance Agreement.                        1/12th of the shares (403,226) shall vest each month during the                        term of this Agreement. In lieu of payment of shares, CRGO shall have the                        option of paying UTEK $10,000 per month for the Services described in this                        Agreement. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             

If this Agreement is terminated any unvested shares will be returned to            CRGO.

             
|   | B. | In consideration for the services to be provided herein,                        CRGO agrees that it will remit the agreed upon stock certificate or cash                        payment within five (5) days of both parties executing this Agreement. If                        no consideration is received in the timeline, UTEK has the unilateral                        option to terminate this Agreement. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | C. | CRGO agrees that UTEK shall be entitled to additional                        compensation as follows: |
|--------|----|-------------------------------------------------------------------------------------------------------|

             

Technology Transfer. When a technology is shown to CRGO that CRGO wants            to acquire, UTEK will seek to acquire the license to a technology through one of its            subsidiaries. UTEK will then seek to provide a term sheet to CRGO outlining the            consideration to be paid by CRGO for the acquisition of this technology. If CRGO            executes the term sheet, agreeing to the terms set forth, UTEK shall transfer this            subsidiary to CRGO in a stock for stock exchange under an “Agreement and Plan of            Acquistion.” The consideration to be paid by CRGO to UTEK will be based upon a            markup to the value of the license and other assets in the subsidiary as determined by            UTEK and agreed to by both parties.

             

-2-

 

 

----

 

 

 
| VI. | TERM AND TERMINATION |
|-----|----------------------|

             

The            term of the Agreement will be for 12 months unless terminated sooner. This Agreement            may be renewed upon mutual written agreement of the parties. Either party may terminate            this Agreement at any time with 30 days written notice.

 
| VI. | LEGAL COMPLIANCE |
|-----|------------------|

             

CRGO            agrees that it will put in place, if it has not already done so, policies and            procedures relating to an addressing, with the commercially reasonable intent to ensure            compliance with, applicable securities laws, rules and regulations, including, but not            limited to:

 
|   | A. | Disclosure requirements regarding the required disclosure of                        the nature and terms of UTEK’s relationship with, including, but not                        limited to press releases, publications on its web site, letters to                        investors and telephone or other personal communication with potential or                        current investors. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | B. | No press releases or any other forms of communication to                        third parties, which mention both UTEK and CRGO, shall be released without                        the prior written consent and approval of both UTEK and CRGO. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | C. | UTEK represents to CRGO that a) it has the experience as may                        be necessary to perform all the required, b) all Servicds will be performed                        in a professional manner, and c) all individuals it provides to perform the                        Services will be appropriately qualified and subject to appropriate                        agreements concerning the protection of trade secrets and confidential                        information of which such persons may have access to over the term of this                        Agreement. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | D. | Until termination of the engagement, CRGO will notify UTEK                        promptly of the occurrences of any event, which might materially affect the                        condition (financial or otherwise), or prospects of CRGO. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
| VII. | CONFIDENTIAL DATA |
|------|-------------------|

             
|   | A. | UTEK shall not divulge to others, any trade secret or                        confidential information, knowledge, or data concerning or pertaining to                        the business and affairs of CRGO, obtained by UTEK as a result of its                        engagement hereunder, unless authorized, in writing by CRGO, UTEK                        represents and warrants that it has established appropriate internal                        procedures for protecting the trade secrets and confidential information                        of, CRGO including, without limitation, restrictions on disclosure of such                        information to employees and other persons who may be engaged in such                        information to employees and other persons who may be engaged in rendering                        services to any person, firm or entity which may be a competitor                        of. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | B. | CRGO shall not divulge to others, any trade secret or                        confidential information, knowledge, or data concerning or pertaining to                        the business and affairs of UTEK or confidential information revealed by                        UTEK obtained as a result of its engagement hereunder, unless authorized in                        writing, by UTEK, and agreed to be bound by any confidentiality agreement                        entered into by UTEK with any third party for the purpose of reviewing                        technology acquisition opportunities. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | C. | UTEK shall not be required in the performance of its duties                        to divulge to CRGO, or any officer, director, agent or employee of CRGO,                        any secret or confidential information, knowledge, or data concerning any                        other person, firm or entity (including, but not limited to, any such                        person, firm or entity which may be a competitor or potential competitor                        of) which UTEK may have or be able to obtain other than as a result of the                        relationship established by this Agreement. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             

-3-

 

 

----

 

 
| VIII. | OTHER MATERIAL TERMS AND CONDITIONS |
|-------|-------------------------------------|

             
|   | A. | INDEMNITY. |
|--------|----|------------|

             
|   | 1. | UTEK shall indemnify, defend and hold harmless CRGO from and                        against any and all losses incurred by CRGO which arise out of or result                        from misrepresentation, breach of warranty or breach or non- fulfillment of                        any covenant contained herein or Schedules annexed hereto or in any other                        documents or instruments furnished by UTEK pursuant hereto or in connection                        with this Agreement. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | 2. | CRGO shall indemnify, defend and hold harmless UTEK from and                        against any and all losses incurred by UTEK which arise out of or result                        from misrepresentation, beach of warranty or breach of non-fulfillment of                        any covenant contained herein or Schedules annexed hereto or in any other                        documents or instruments furnished by CRGO pursuant hereto or in connection                        with this Agreement. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | B. | PROVISIONS. Neither termination nor completion of the                        assignment shall affect the provisions of this Agreement, and the                        Indemnification Provisions that are incorporated herein, which shall remain                        operative and in full force and effect. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | C. | SOLICITATION, CRGO agrees that for a twenty four months (24)                        following the execution of this Agreement, CRGO shall not, without                        UTEK’s prior written consent, directly or indirectly solicit for                        employment any present employee of UTEK, or requires, induce or advise any                        employee of UTEK to leave the employ of UTEK. In turn, UTEK agrees that it                        will not directly or indirectly solicit any present employee of                        CRGO. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | D. | ADDITIONAL INSTRUMENTS. Each of the parties shall from time                        to time, at the request of others, execute, acknowledge and deliver to the                        other party any and all further instruments that may be reasonably required                        to give full effect and force to the provisions of this                        Agreement. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | E. | ENTIRE AGREEMENT. Each of the parties hereby covenants that                        this Agreement, is intended to and does contain and embody herein all of                        the understandings and agreements, both written or oral, of the parties                        hereby with respect to the subject matter of this Agreement, and that there                        exists no oral agreement or understanding expressed or implied liability,                        whereby the absolute, final and unconditional character and nature of this                        Agreement shall be in any way invalidated, empowered or affected. There are                        no representations, warranties or covenants other than those set forth                        herein. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | F. | ASSIGNMENTS. The benefits of the Agreement shall inure to                        the respective successors and assignees of the parties and assigns and                        representatives, and the obligations and liabilities assumed in this                        Agreement by the parties hereto shall be binding upon their respective                        successors and assigns; provided that the rights and obligations of UTEK                        under this Agreement may not be assigned or delegated without the prior                        written consent of CRGO and any such purported assignment shall be null and                        void. Notwithstanding the foregoing, UTEK may assign this Agreement or any                        portion of its Compensation as outlined herein to its subsidiaries in its                        sole discretion. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | G. | ORIGINALS. This Agreement may be executed in any number of                        counterparts, each of which so executed shall be deemed an original and                        constitute one and the same agreement. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | H. | NOTICES. All notices that are required to be or may be sent                        pursuant to the provision of this Agreement shall be sent by certified                        mail, return receipt requested, or by overnight |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             

-4-

 

 

----

 

 

package delivery service to each of the parties at the addresses            appearing herein, and shall count from the date of mailing or the validated air            bill.

             
|   | I. | MODIFICATION AND WAIVER. A modification or waiver of any of                        the provisions of this Agreement shall be effective only if made in writing                        and executed with the same formality as this Agreement. The failure of any                        party to insist upon strict performance of any of the provisions of this                        Agreement shall not be construed as a waiver of any subsequent default of                        the same or similar nature or of any other nature. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | J. | INJUNCTIVE RELIEF. Solely by virtue of their respective                        execution of this Agreement and in consideration for the mutual covenants                        of each other, CRGO and UTEK hereby agree, consant and acknowledge that, in                        the event of a breach of any material term of this Agreement, the                        non-breaching party will be without adequate remedy-at-law and shall                        therefore, be entitled to immediately redress any material breach of this                        Agreement by temporary or permanent injunctive or mandatory relief obtained                        in an action on proceeding instituted in any court of competent                        jurisdiction without the necessity of proving damages and without prejudice                        to any other remedies which the non-breaching party may have at law or in                        equity. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | K. | ATTORNEY’S FEES. If any arbitration, litigation,                        action, suit, or other proceeding is instituted to remedy, prevent or                        obtain relief from a breach of this Agreement, in relation to a breach of                        this Agreement or pertaining to a declaration of rights under this                        Agreement, the prevailing party will recover all such party’s                        attorneys’ fees incurred in each and every such action, suit or other                        proceeding, including any and all appeals or petitions therefrom. As used                        in this Agreement, attorney’s fees will be deemed to be the full and                        actual cost of any legal services actually performed in connection with the                        matters involved, including those related to any appeal to the enforcement                        of any judgment calculated on the basis of the usual fee charged by                        attorneys performing such services. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             
|   | L. | INVESTMENT COMPANY STATUS, CRGO represents that it is not an                        investment company, registered or unregistered. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------|

             

APPROVED AND AGREED:

 

 
| UTEK Corporation |                    | Cargo Connection Logistics Holding, Inc. |
|------------------|-------------------------|------------------------------------------|
|             |                    |                                     |
|             |                    |                                     |
| By:              | /s/ Doug Schaedler      |                                     | By: | /s/ Jesse Dobrinsky |
|             | Doug Schaedler          |                                     |   | Jesse Dobrinsky |
|             | Chief Operating Officer |                                     |   | Chief Executive Officer |

 

 

 

 

 

 

 

-5-