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Exhibit 10.8  

 
 

ASSIGNMENT AGREEMENT    
    

        This Assignment Agreement (this "Agreement") is made as of July 25, 2005 (the "Effective Date"), by and between Whitney Information Network, Inc., a
Colorado corporation, Wealth Intelligence Academy, Inc. and Whitney Education Group, Inc., all with their principal place of business at 1612 East Cape Coral Parkway, Cape Coral, Florida
33904 ("Assignor"), and EduTrades, Inc., a Nevada corporation with its principal place of business at 12444 South Business Park Drive, Suite 230, Draper, Utah 84020 ("Assignee") (hereinafter
referred to collectively as the "Parties" and individually as a "Party"). 

RECITALS  

        WHEREAS, Assignor desires and agrees to irrevocably assign to Assignee as of the Effective Date all of its rights, title and interest, on a worldwide basis,
including, without limitation, all intellectual property rights, including copyrights, and moral rights, in and to certain proprietary products, patent applications, copyrights, internet property and
proprietary information, as set forth herein, that otherwise have not been transferred and assigned to Assignee prior to the Effective Date, as well as certain trademark rights as set forth herein; 

        WHEREAS,
except for any ownership interest already held by Assignee, Assignor is the sole owner of all rights, title and interest, including, without limitation, all intellectual
property rights, including copyrights, in and to such proprietary products, patents, trademarks, proprietary information and proprietary business information; and, with respect to the trademarks,
Assignee is a successor to a portion of the business of the Assignor to which these trademarks pertain; 

        WHEREAS,
Assignor has agreed to irrevocably assign to Assignee all of its rights, title and interest on a worldwide basis, including, without limitation, all intellectual property rights
and moral rights, in and to certain non-proprietary products set forth herein to the full extent that Assignor has a license for such rights and subject to and contingent upon Assignor
having the right and necessary consents to assign such license; 

        WHEREAS,
Assignor is a licensee of certain rights in and to such non-proprietary products; and 

        WHEREAS,
Assignor has agreed to license to Assignee certain rights in and to certain proprietary business information relating to the business operations of Assignee and the combined
business operations of Assignor and Assignee. 

        NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 

AGREEMENT  

	1.
	DEFINITIONS

        For
the purposes of this Agreement, the following terms will have the meanings ascribed to them as follows: 

        1.1   "Assigned
Property" means the Proprietary Products, Proprietary Information, Third Party Products, Internet Property, Trademarks and Patents. 

        1.2   "Internet
Property" means the domain names set forth in Exhibit F and all website content and material utilized with respect to Assignor's stock market investment
training products and services for the Teach Me To Trade, Star Trader and Stock Success brands. 

        1.3   "Patents"
means the patent applications set forth in Exhibit C. 

        1.4   "Price"
means a one-time payment of one dollar (US$1). 

 

        1.5   "Proprietary
Business Information" means any confidential or proprietary information, know-how, or trade secret pertaining to Assignor's stock market and
securities investment training products and services for the Teach Me To Trade, Star Trader and Stock Success brands, described or comprised in or relating to the general business operations of
Assignee, excluding Proprietary Information, that exists as of the Effective Date or that is subsequently provided by Assignor to Assignee at its sole discretion, and that is not in the public domain
or regularly disclosed by Assignor to third parties without confidentiality restrictions. 

        1.6   "Proprietary
Information" means any confidential or proprietary information, know-how, or trade secret pertaining to Assignor's stock market and securities
investment training products and services for the Teach Me To Trade, Star Trader and Stock Success brands, described or comprised in or relating to the Assigned Property that is not in the public
domain or regularly disclosed by Assignee to third parties without confidentiality restrictions. 

        1.7   "Proprietary
Products" means the products and materials set forth in Exhibit A, and all those utilized in with respect to Assignor's stock market and securities
investment training products and services for the Teach Me To Trade, Star Trader and Stock Success brands, including, without limitation, all training materials, training presentations, manuals,
books, workbooks, course catalogs, computer software, CD-ROMs, audio CDs, cassette tapes, videotapes, DVDs, online training presentations, advertisements, collateral and other
documentation and materials relating thereto; and any derivative works, foreign language versions, fixes, upgrades, updates, enhancements, new versions or previous versions thereof. 

        1.8   "Trademarks"
means the product marks and logos set forth in Exhibit D and all rights and goodwill associated therewith. 

        1.9   "Third
Party Products" means a mutually agreed upon subset of products selected by the Parties as set forth in Exhibit B (and such additional similar products as
the Parties may mutually agree), including, without limitation, any software and firmware relating thereto; all user manuals, reference manuals and other documentation and materials relating thereto;
and any derivative works, foreign language versions, fixes, upgrades, updates, enhancements, new versions or previous versions thereof provided by the third-party licensor of such products to
Assignor. 

	2.
	ASSIGNMENT

        Assignor
hereby irrevocably assigns, conveys, sells, grants and transfers and agrees to assign, convey, sell, grant and transfer to Assignee the following rights (collectively, the
"Rights"): 

        2.1   Proprietary
Products. Subject to the terms and conditions of this Agreement, Assignor hereby irrevocably assigns, conveys, sells, grants and transfers and agrees to
assign, convey, sell, grant and transfer to Assignee, its successors and assigns all of its rights, title and interest of every kind and character throughout the world in and to the Proprietary
Products to the full extent of its ownership or interest therein; including, without limitation, all federal, state, foreign, statutory and common law and other rights in patents, copyrights, moral
rights, trademarks, trade secrets, know-how, design rights and all other intellectual property and proprietary rights therein; all domestic and foreign intellectual property applications
and registrations therefor (and all divisions, continuations, continuations-in-part, reexaminations, substitutions, reissues, extensions, and renewals of such applications and
registrations, and the right to apply for any of the foregoing); all goodwill associated therewith; all rights to causes of action and remedies related thereto (including, without limitation, the
right to sue for past, present or future infringement, misappropriation or violation of rights related to the foregoing); and any and all other rights and interests arising out of, in connection with
or in relation to the Proprietary Products. Upon Assignee's reasonable request, Assignor will promptly take such actions, including, without limitation, the prompt execution and delivery of documents
in recordable form, as may be reasonably 

2

 

necessary
to vest, secure, perfect, protect or enforce the rights and interests of Assignee in and to the Proprietary Products. 

        2.2   Proprietary
Information. Subject to the terms and conditions of this Agreement, Assignor hereby irrevocably assigns, conveys, sells, grants and transfers and agrees to
assign, convey, sell, grant and transfer to Assignee, its successors and assigns all of its rights, title and interest of every kind and character throughout the world, including moral rights, in and
to the Proprietary Information to the full extent of its ownership or interest therein; including, without limitation, all intellectual property and proprietary rights therein, all goodwill associated
therewith, all rights to causes of action and remedies related thereto (including, without limitation, the right to sue for past, present or future infringement, misappropriation or violation of
rights related to the foregoing), and any and all other rights and interests arising out of, in connection with or in relation to the Proprietary Information. 

        2.3   Third
Party Products. Subject to the terms and conditions of this Agreement, and subject to and contingent upon Assignor obtaining any necessary and applicable third
party consents, Assignor hereby irrevocably assigns, conveys, sells, grants and transfers and agrees to assign, convey, sell, grant and transfer to Assignee, its successors and assigns all rights,
title and interest of every kind and character throughout the world, including moral rights, in and to the Third Party Products and any license agreements related thereto to the full extent of
Assignor's rights or interest therein (if any). Upon Assignee's request, Assignor will promptly take such actions, including, without limitation, the prompt execution and delivery of documents in
recordable form, as may be reasonably necessary to vest, secure, perfect, protect or enforce the rights and interests of Assignee in and to the Third Party Products and any license agreements related
thereto. 

        2.4   Patents.
Subject to the terms and conditions of this Agreement, Assignor hereby irrevocably assigns, conveys, sells, grants and transfers and agrees to assign, convey,
sell, grant and transfer to Assignee, its successors and assigns all of its rights, title and interest of every kind and character throughout the world, including moral rights, in and to the Patents
to the full extent of its ownership or interest therein; including, without limitation, all domestic and foreign patent applications and registrations therefor (and all patents that issue therefrom
and all divisions, continuations, continuations-in-part, reexaminations, substitutions, reissues, extensions, and renewals of such applications, registrations and patents, and
the right to apply for any of the foregoing); all goodwill associated therewith; all rights to causes of action and remedies related thereto (including, without limitation, the right to sue for past,
present or future infringement, misappropriation or violation of rights related to the foregoing); and any and all other rights and interests arising out of, in connection with or in relation to the
Patents. Upon Assignee's request, Assignor will promptly take such actions, including, without limitation, the prompt execution and delivery of documents in recordable form, as may be reasonably
necessary to vest, secure, perfect, protect or enforce the rights and interests of Assignee in and to the Patents. 

        2.5   Trademarks.
Subject to the terms and conditions of this Agreement, Assignor hereby irrevocably assigns, conveys, sells, grants and transfers and agrees to assign,
convey, sell, grant and transfer to Assignee, its successors and assigns all of its rights, title and interest of every kind and character throughout the world, including moral rights, in and to the
Trademarks to the full extent of its ownership or interest therein; including, without limitation, all federal, state, foreign, statutory and common law and other rights; all domestic and foreign
trademark applications and registrations therefor (and all extensions and renewals of such applications and registrations, and the right to apply for any of the foregoing); all goodwill associated
therewith symbolized by the Trademarks and the portion of the business of the Assignor to which the Trademarks pertain; all rights to causes of action and remedies related thereto (including, without
limitation, the right to sue for past, present or future infringement, misappropriation or violation of rights related to the foregoing); and any and all other rights and interests arising out of, in
connection with or in relation to the Trademarks. The Parties agree to have executed and file the confirmatory assignment with respect to the Trademarks attached 

3

 

hereto
as Exhibit E. Upon Assignee's request, Assignor will promptly take such other actions, including, without limitation, the prompt execution and delivery of documents in recordable form,
as may be reasonably necessary to vest, secure, perfect, protect or enforce the rights and interests of Assignee in and to the Trademarks. 

        2.6   Further
Assurances For Third Party Products. Assignor and Assignee will use their respective reasonable best efforts to obtain any consent, approval or amendment
required to novate and/or assign the Third Party Products; provided, however, that, except for filing and other administrative charges, Assignee shall not be obligated to pay any consideration
therefor to the third party from whom such consents, approvals and amendments are requested. In the event and to the extent that Assignee and Assignor are unable to obtain any such required consent,
approval or amendment, or if any attempted assignment would be ineffective or would adversely affect the rights of Assignor with respect to any Third Party Product so that Assignee would not in fact
receive all the rights with respect to such Third Party Product, Assignor and Assignee will cooperate (to the extent permitted by law or the terms of any applicable agreement) in a mutually agreeable
arrangement under which Assignee would, to the extent possible and permissible under any applicable agreement, obtain the benefits and assume the obligations with respect to such Third Party Product,
in accordance with this Agreement, including sub-contracting, sub-licensing, or sub-leasing to Assignee, or under which Assignor would enforce for the benefit of
Assignee, with Assignee assuming Assignor's obligations, any and all rights of Assignor against a third party thereto. Assignor shall, without further consideration therefor, pay and remit to Assignee
promptly all monies, rights and other considerations received in respect to Assignee's performance of such obligations and Assignee shall remit to Assignor (or pay directly) all amounts due with
respect to such Third Party Products to such third parties. If and when any such consent shall be obtained or such Third Party Product shall otherwise become assignable or able to be novated, Assignor
shall promptly assign and novate all of its rights and obligations thereunder to Assignee without payment of further consideration and Assignee shall, without the payment of any further consideration
therefor, assume such rights and obligations and Assignor shall be relieved of any and all liability hereunder. 

        2.7   Internet
Property. Subject to the terms and conditions of this Agreement, Assignor hereby irrevocably assigns, conveys, sells, grants and transfers and agrees to assign,
convey, sell, grant and transfer to Assignee, its successors and assigns all of its rights, title and interest of every kind and character throughout the world, including moral rights, in and to the
Internet Property to the full extent of its ownership or interest therein; including, without limitation, all domestic and foreign domain registrations therefor (and all divisions, continuations,
continuations-in-part, reexaminations, substitutions, reissues, extensions, and renewals of such applications and registrations, and the right to apply for any of the
foregoing); all goodwill associated therewith; all rights to causes of action and remedies related thereto (including, without limitation, the right to sue for past, present or future infringement,
misappropriation or violation of rights related to the foregoing); and any and all other rights and interests arising out of, in connection with or in relation to the Internet Property. Upon
Assignee's request, Assignor will promptly take such actions, including, without limitation, the prompt execution and delivery of documents in recordable form, as may be reasonably necessary to vest,
secure, perfect, protect or enforce the rights and interests of Assignee in and to the Internet Property. 

	3.
	LICENSE

        3.1   Subject
to the terms and conditions of this Agreement, Assignor hereby grants and agrees to grant to Assignee a worldwide, royalty-free, fully paid up,
perpetual, irrevocable, nonexclusive, transferable right and license (with the right to sublicense) to copy and use Proprietary Business Information for the purposes of conducting Assignee's business;
provided, however, Assignee takes such steps as are reasonably necessary to protect Assignor's rights in the Proprietary Business Information, including by providing the same protection that Assignor
affords to Proprietary Business Information and by treating Proprietary Business Information as confidential information, if appropriate. 

4

 
	4.
	PAYMENT

        As
payment for the assignment of Rights and the license granted pursuant to Sections 2 and 3, Assignee will pay to Assignor the Price, the receipt and full satisfaction of which is
hereby acknowledged by the Parties. 

	5.
	REPRESENTATIONS
AND WARRANTIES 

        UNLESS
EXPLICITLY STATED OTHERWISE IN THIS AGREEMENT, THE ASSIGNED PROPERTY, PRODUCTS IN EXHIBIT E, AND PROPRIETARY BUSINESS INFORMATION ARE PROVIDED "AS IS" AND THE PARTIES HEREBY
DISCLAIM ALL WARRANTIES OF ANY KIND WITH RESPECT TO NY OF THE ASSIGNED PROPERTY, PRODUCTS IN EXHIBIT E OR PROPRIETARY BUSINESS INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. 

	6.
	LIMITATION
OF LIABILITY 

        IN
NO EVENT WILL EITHER PARTY BE LIABLE FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL, INDIRECT, EXEMPLARY OR PUNITIVE DAMAGES, OR DAMAGES FOR ANY LOSS OF PROFITS, REVENUE OR BUSINESS, EVEN
IF SUCH PARTY IS NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. 

        The
Parties acknowledge that the limitation of liability in this Section 6 and the allocation of risk that it implements is an essential element of the bargain agreed to by the
Parties, without which the Parties would not have entered into this Agreement. 

	7.
	RIGHT
OF FIRST REFUSAL IN THE EVENT OF SUBSEQUENT TRANSFER 

        In
the event that Assignee desires to subsequently transfer of any or all of the rights to the Assigned Property granted herein to an unrelated third party, whether by merger, or
agreement to purchase all or substantially all of Assignee's assets, Assignee shall offer to Assignor a right of first refusal with respect to such proposed transaction for transfer of the Assigned
Property. Assignor shall have thirty (30) days from the date that such proposed transaction is formally presented in which to determine whether to exercise Assignor's right of first refusal.
Assignor's price for the execution of such right of first refusal shall be equal to the Price set forth herein. 

	8.
	GENERAL

        8.1   This
Agreement shall be deemed to have been made in the State of Florida. This Agreement and all matters arising out of or otherwise relating to this Agreement shall be
governed by the laws of the State of Florida. The parties hereby submit to the personal jurisdiction of the state and federal courts of the State of Florida. Exclusive venue for any litigation and all
claims arising from or in connection with the subject matter of this Agreement shall be with the state and federal courts in and for Lee, Palm Beach or Broward Counties, Florida, which shall be
decided by Whitney, and the parties hereby expressly waive any venue privileges which may be asserted in connection with this Agreement. 

        8.2   In
any arbitration and/or litigation arising out of this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs, including
attorneys' fees incurred on appeal. 

        8.3   No
delay, failure or waiver by either Party to exercise any right or remedy under this Agreement, and no partial or single exercise, will operate to limit, preclude,
cancel, waive or otherwise affect such right or remedy, nor will any single or partial exercise limit, preclude, impair or waive any further exercise of such right or remedy or the exercise of any
other right or remedy. 

        8.4   If
any provision of this Agreement is determined to be invalid or unenforceable, the validity or enforceability of the other provisions or of this Agreement as a whole
will not be affected; and, in 

5

 

such
event, such provision will be changed and interpreted so as best to accomplish the objectives of such provision within the limits of applicable law or applicable court decision. 

        8.5   Except
as provided in Section 8.1, this Agreement, including any exhibit(s) hereto which are incorporated herein by this reference, serves to document formally
the entire understanding between the Parties relating to the subject matter hereof, and supersedes and replaces any prior or contemporaneous agreements, negotiations or understandings (whether oral or
written), relating generally to the same subject matter. No amendment or modification of any provision of this Agreement will be effective unless in writing and signed by a duly authorized signatory
of the Party against which enforcement of the amendment or modification is sought. 

        IN
WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized representatives as of the Effective Date. 

	

WHITNEY INFORMATION NETWORK, INC.	
 	

EDUTRADES, INC.
	

/s/  RONALD S. SIMON      
 Ronald S. Simon, Secretary	
 	

/s/  NICOLAS MATURO      
 Nicolas Maturo, CEO
	Date:	 	 	 	Date:	 	 
	 	 	
	 	 	 	

	

WEALTH INTELLIGENCE ACADEMY, INC.	
 	

 	
 	

 
	

By:	
 	

/s/  RONALD S. SIMON      
 Ronald S. Simon, Secretary	
 	

 	
 	

 
	

Date:	
 	

 	
 	

 	
 	

 
	 	 	
	 	 	 	 
	

WHITNEY EDUCATION GROUP, INC.	
 	

 	
 	

 
	

By:	
 	

/s/  RONALD S. SIMON      
 Ronald S. Simon, Secretary	
 	

 	
 	

 
	

Date:	
 	

 	
 	

 	
 	

 
	 	 	
	 	 	 	 
	

 Reviewed by Legal	
 	

 	
 	

 

6

 
EXHIBIT A

Proprietary Products  

        All products, trainings, materials, advertising and other collateral utilized with respect to Assignor's stock market and securities investment trainings for the
Teach Me To Trade, Star Trader and Stock Success System brands, as designated by Assignor, including but not limited to the items outlined below. 

PRODUCTS & MATERIALS  

Teach Me To Trade  

FRONT END  

        Product offered or sold and distributed at sweep events—all © Teach Me To Trade (DBA of Whitney Education
Group, Inc.)

	1.
	Free
Gift—2 CD set titled "Instant Investor's Success Kit". First disk titled "Teach Me the Market"; second disk titled "Teach Me the Method"

	2.
	Perfect
bound 2-book set—Winning Market Strategies, Winning Investor Guide

	3.
	Original
2-book set in binders 

        General
Marketing and Operation Materials 

	1.
	Flyer

	2.
	Registration
Card

	3.
	Folder

	4.
	Contract(s)

FULFILLMENT  

        Product distributed at 3-day training event 

	1.
	Class
Manual/Workbook—© Teach Me To Trade

	2.
	Trade
Seeker software front-end interface and search queries and manual—© Teach Me To Trade

        General
Marketing and Operation Materials 

	1.
	Camp
Curriculum (branded WIA)

	2.
	Certificate
of Achievement

	3.
	Mentor
Flyer

	4.
	Name
Tags

	5.
	Contract(s) 

STAR TRADER  

FRONT END  

        Product offered or sold and distributed at sweep events 

	1.
	Free
Gift—2 CD set titled "Star-Trader Smart Start"—© STAR Trader (DBA of Whitney Education
Group, Inc.)

7

 

        First
disk, audio titled "Alternative to Mutual Funds"; second disk is collection of reports as well as one audio segment 

        General
Marketing and Operation Materials 

	1.
	Flyer

	2.
	Registration
Card

	3.
	Folder

	4.
	Contract(s)

FULFILLMENT  

        Product distributed at 3-day training event 

	1.
	Perfect
bound book set—5-Point Star Trader Program © STAR Trader

	2.
	Trade
Seeker software front-end interface and search queries and manual—© Teach Me To Trade

        General
Marketing and Operation Materials 

	1.
	Camp
Curriculum (branded WIA)

	2.
	Certificate
of Achievement

	3.
	Mentor
Flyer

	4.
	Name
Tags

	5.
	Contract(s)

STOCK SUCCESS SYSTEM BRAND—Alliance Product—© Wealth Intelligence Academy, Inc.  

        Product developed for sale at Alliance events 

	1.
	Advanced
Trading Principles manual

	2.
	Technical
Analysis audio CD

	3.
	Portfolio
Management and Assessing the Broad Markets audio CD

	4.
	Options
audio CD 

Wealth Intelligence Academy—Stock Division Training  

        —all manuals © Wealth Intelligence Academy

ADVANCED TRAINING  

        Training Events and Presentation Materials 

	1.
	Master
Trader

	2.
	Advanced
Technical Analysis / Advanced Master Trader (Metastock)

	3.
	Advanced
Covered Calls

	4.
	Trading
P.I.T.

	5.
	The
Advanced P.I.T. 

8

 

	6.
	The
Trading Room

	7.
	H.I.T.S.

        Product—Manuals
distributed to students attending 3-day advanced training events 

	1.
	Advanced
Covered Calls class manual

	2.
	Trading
P.I.T. class manual

	3.
	The
Advanced P.I.T. class manual

	4.
	The
Trading Room class manual

	5.
	H.I.T.S.
class manual

	6.
	Asset
Protection class manual

	7.
	Trading
P.I.T. DVD series

	8.
	Trading
P.I.T. Strategies Module—16 Audio CD set

	a.
	Accompanying
Manual

	9.
	Trading
P.I.T. Market Essentials—Basics Module—7 Audio CD Set

	a.
	Accompanying
Manual 

        WIA
Product currently in production 

	1.
	Advanced
Covered Calls OnDemand CD set

	2.
	Master
Trader OnDemand CD set

	3.
	Trading
P.I.T. OnDemand CD set

	4.
	Advanced
Technical Analysis class manual 

        Marketing
Materials 

	1.
	Certificate
of Achievement 

Product in Development  

	1.
	Threshold
Trading Method coaching system—© Wealth Intelligence Academy

	a.
	Manual

	b.
	Workbook 

ADVERTISING COLLATERAL  

        TEACH
ME TO TRADE 

	Infomercials	 	3 versions of 28:30
	 	 	1 version 1:20
	 	 	1 version :60
	 	 	1 New long form infomercial currently in production / development
	 	 	2 new short form infomercials currently in production / development
	Direct Mail	 	4 versions
	Newspaper	 	4 versions
	 	 	Various new newspaper ads currently in development

9

 

        STAR
TRADER 

	Infomercials	 	2 versions plus newly completed revised version 2005 (minor change)
	Direct Mail	 	1 version
	Newspaper	 	4 versions plus completed ads in development for Direct to Fulfillment

Note
for Star Trader: Prior to our acquisition their marketing was placed by Gen-M. They would have additional Newspaper, Radio and perhaps Direct Mail samples that we do not own. 

10

 
EXHIBIT B

Third Party Products  

	1.
	Trade
Center Software

	2.
	Star
Trader Software

	3.
	Trade
Seeker Software Back-End Search Engine

	4.
	Opus
Software

	5.
	Master
Trader Class Manual

	6.
	Asset
Protection Stock Market Training Event 

11

 
EXHIBIT C

Patent  

	1.
	Threshold
Trading Method Patent—U.S. Patent Application Serial No. 11/134,151 

12

 
EXHIBIT D

Trademarks  

Registered with USPTO  

	1.
	Teach
Me To Trade—Registration Number: 2786334

	2.
	TeachMeToTrade.com
(logo & design)—Registration Number: 2530410 

Common Law Interest / Subsequently Filed with USPTO by Owner EduTrades, Inc.  

	1.
	Star
Trader 

Common Law Interest / Not Registered or Filed with USPTO  

	1.
	Star
Trader (logo & design)

	2.
	Teach
Me To Trade (logo & design)

	3.
	Master
Trader

	4.
	Trading
P.I.T.

	5.
	H.I.T.S.

	6.
	Trading
Room

	7.
	Trade
Seeker

	8.
	Threshold
Trading Method

	9.
	Stock
Success System 

13

 
EXHIBIT E

Trademark Assignment  

        See attached Recordation Form Cover Sheet, Form PTO-1594, to be filed together with the instant Agreement with the United States Patent and
Trademark Office. 

14

 
EXHIBIT F

Internet Property  

star-trader.com

dcstartrader.com

startradersystem.com

tradeseeker.com

wealthnow.com

spreadtrader.com

startradersoftware.com

stocksuccessworkshop.com

stocksuccessconference.com

wealthnowworkshop.com

wealthnowworkshop.tv

eduvestinc.com

eduvestinc.us

eduvestinc.biz

eduvestinc.info

eduvestinc.net

eduvestinc.org

edutrade.org

edutrade.biz

edutrades.biz

edutrades.com

edutrades.info

edutrades.net

edutradz.biz

edutradz.com

edutradz.info

edutradz.net

teachmetotrade.com

tmtt.com

tmtt.net

teachmestocks.com

teachmestocks.tv

tradeseeker.com

tmttsoftware.com

teachmetotrade.co.uk

teachmetotrade.de

tmtt.com.sg

tmtt.com.au

startradersystem.com

tradeseeker.com

tmtt.net

teachmetotrade.de

tmtt.com.sg

tmtt.com.au 

15

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Exhibit 10.9  

 
 

LEAD MARKETING AGREEMENT    
    

        THIS LEAD MARKETING AGREEMENT ("Agreement") is made and entered into this 1st day of August, 2005,
("Effective Date"), between EduTrades, Inc., a corporation duly organized and incorporated in the State of Nevada ("EduTrades") and Whitney Education Group, Inc., to include its parent,
subsidiaries, affiliates, successors and assigns ("Whitney"), a corporation duly organized and incorporated in the State of Florida. 

WITNESSETH:  

        WHEREAS, EduTrades is in the business of developing, producing and marketing post secondary educational curriculum on securities and financial investment and
asset protection; 

        WHEREAS,
Whitney has entered into an Administrative Services Agreement with EduTrades to manage and maintain EduTrades' customer leads database ("Database"); 

        WHEREAS,
EduTrades is interested in soliciting Whitney's services with respect to marketing efforts to be conducted and targeted at the Database, and EduTrades desires to enter into a
binding agreement with Whitney, in accordance with the terms and conditions set forth below. 

        NOW,
THEREFORE, in good and valuable consideration of the mutual covenants and promises herein contained, the parties, each intending to be legally bound, hereby agree as follows: 

TERMS AND CONDITIONS  

 ARTICLE 1: SERVICES TO BE PERFORMED BY WHITNEY  

        1.01 In
conjunction with the management and maintenance of the Database addressed in the Administrative Services Agreement entered into by and between EduTrades and Whitney
concurrently with this Agreement ("Administrative Services Agreement"), Whitney shall serve EduTrades by conducting database marketing, through various efforts, to be determined by Whitney, including
but not limited to telemarketing calls, email campaigns, and direct marketing, for the purpose of selling products and services provided, offered or sold by or through EduTrades and Whitney. 

        1.02 Whitney
shall process all orders for products and services related to real estate and fulfilled by or through Whitney ("Whitney Products") through Whitney's merchant
accounts. Whitney shall process all orders for products and services related to stock market and securities and fulfilled by or through EduTrades ("EduTrades Products") through merchant account
specifically designated for EduTrades transactions. Whitney shall not process any other sales through the EduTrades designated merchant account(s) other than those which are fulfilled by or through
EduTrades. 

        1.03 Whitney
will conduct regularly scheduled monitoring sessions of its representatives' telemarketing calls to ensure that all calls that are placed are within the
guidelines of United States Federal and State laws, and will provide quality control feedback as a result of these monitoring sessions. Contractor shall assume complete and total liability for all of
its telemarketing calls, promotions, and projects. 

        1.04 Whitney
agrees to prepare and maintain full, accurate and complete records of each Database marketing project. Whitney agrees to provide EduTrades with reporting of
results in a format and frequency which has been mutually agreed upon by Whitney and EduTrades. 

        1.05 Whitney
shall provide the services under this Agreement in a professional, courteous manner, consistent with industry standards. Whitney shall comply with all
applicable association, local, state, and federal laws, ordinances, rules, regulations and codes, including but not limited to, the Telephone Consumer Protection Act of 1991, The Telemarketing Sales
Rule, and the Ethical Guidelines for Telemarketers as published by the Direct Marketing Association. Whitney shall keep all Confidential Information and information generated as a result of this
Agreement confidential and shall make all 

 

reasonable
efforts to keep such information away from competing companies. Whitney shall provide to EduTrades, in a mutually agreed upon frequency and format listed in Exhibit "A," the name of any
party who notifies Whitney that such party does not wish to be solicited by EduTrades. 

        1.06 Whitney
shall notify EduTrades promptly of any existing or possible litigation, which may be brought against Whitney regarding the services provided to EduTrades or to
any other customer or client of Whitney. 

        1.07 Whitney
shall use the customer database owned by EduTrades and maintained by Whitney, which Whitney agrees to keep confidential as set forth in ARTICLE 6:
CONFIDENTIAL INFORMATION. 

        1.08 Whitney
shall be solely responsible for and shall hold EduTrades harmless for any and all costs of its doing business including without limitation, all employees
Whitney chooses to hire, all taxes, income tax, FICA, workman's compensation, rent, utilities, withholding, postage, telephone, photocopying, salaries, travel, and all other direct and indirect
overhead costs. Whitney agrees to follow all wage and salary requirements as set forth by local, state and federal law. 

        1.09 In
the event that Whitney should subcontract to a third party any of the services contemplated by this Agreement, Whitney shall require such third party to comply with
all of the standards set forth in this Agreement. 

ARTICLE 2: SERVICES TO BE PERFORMED BY COMPANY  

        2.01 EduTrades
shall, as set forth in the Administrative Services Agreement, permit Whitney to manage and maintain the Database. EduTrades shall further permit Whitney to
market to such leads contained in the Database in any manner or method, at the sole discretion of Whitney, as set forth in the instant Agreement. EduTrades shall retain all ownership rights to the
Database, whether or not such leads contained therein are generated by Whitney under this Agreement. All customer leads generated from the sale or offer for sale of EduTrades Products shall be
considered as part of the Database and are EduTrades' Confidential Information. Whitney shall not use the Database for any other purpose other than as set forth in this Agreement. 

        2.02 EduTrades
shall provide Whitney with such promotional, sales and technical information, literature and brochures, catalog sheets, price lists, order forms, sales aids,
and other information (collectively, "Creative Elements"), which shall be used by Whitney to assist in marketing the EduTrades Products. All other Creative Elements intended to be used by Whitney must
be approved by EduTrades in writing. Whitney's use of unauthorized material constitutes breach of this Agreement and immediate grounds for termination at the discretion of EduTrades. 

        2.03 EduTrades
shall inform Whitney of any new, related, modified or changed information concerning the EduTrades Products. 

        2.04 EduTrades
shall retain control and complete ownership of the Database. Whitney shall not market to the Database in any manner other than those set forth in this
Agreement, unless EduTrades consents in writing. 

ARTICLE 3: COMPENSATION  

        3.01 As
compensation for the marketing services performed by Whitney under this Agreement, Whitney shall be compensated as set forth in the Administrative Services
Agreement. 

        3.02 All
refund requests received with respect to the sale of EduTrades Products, as transacted by Whitney under this Agreement, shall be processed by EduTrades. All refund
requests received with respect to the sale of Whitney Products, as transacted by Whitney under this Agreement, shall be processed by Whitney. 

2

 

ARTICLE 4: TERM AND TERMINATION  

        4.01 Term.
The date of commencement of this Agreement shall be on the Effective Date first set forth above and shall continue for one (1) year, to be automatically
renewed for one (1) year terms, subject to review and renegotiation of this Agreement by the parties. 

        4.02 Right
to Terminate on Notice. EduTrades and Whitney each shall have the right, exercisable in its absolute discretion, to terminate this Agreement upon thirty
(30) days prior written notice received by United States registered mail, certified mail, UPS Next Day Letter or Federal Express Next Day Letter by the other party. 

        4.04 Termination
of Rights. On the termination of this Agreement, all obligations of the parties hereunder shall terminate, except for rights to payments accrued prior to
such termination and the provisions applicable after termination. 

        4.05 Post-termination
Actions. Upon expiration or termination of this Agreement, Whitney shall cease selling all EduTrades Products, immediately cease and desist
from using or displaying any forms of advertising indicative of EduTrades and/or EduTrades Products, and cease utilizing the Database and/or proprietary information. Contractor shall also comply with
all provisions set forth in Article 6.03. 

ARTICLE 5: INDEMNIFICATION  

        5.01 Each
party shall release, defend, indemnify, and hold the other party and its parent, affiliates, subsidiaries, officers, directors, agents, owners, employees,
trustees, successors and assigns harmless with respect to any claims, actions, causes of action, damages, fines, expenses, court costs, attorney fees, liability damage or judgment suffered by either
party or his agents, resulting from or attributable to any breach of the other party's or his agent's responsibilities, representations and warranties herein, and/or arising from the purchase or use
of the party's products or services sold by the other party, and/or all negligent acts or omissions of a party or his agents contained herein. 

        5.02 These
indemnification obligations shall survive termination of this Agreement. 

ARTICLE 6: CONFIDENTIAL INFORMATION  

        6.01 Whitney
recognizes that it may be necessary for Whitney to receive Confidential or Proprietary Information with regard to this Agreement. This Confidential and
Proprietary Information has been compiled by EduTrades at great expense and over a great amount of time. The Confidential and Proprietary Information is the sole and exclusive property of EduTrades.
In performing the services under this Agreement, Whitney may be provided or may otherwise come into the possession of proprietary information, customer databases, customer leads, customer information,
product and service information, and other confidential information regarding the business and services of EduTrades (hereinafter, the "Confidential Information") all of which are valuable to
EduTrades or are required by law or good business practices to be held confidential. Whitney agrees to receive, hold and treat all Confidential Information received from EduTrades as confidential and
secret and agrees to use its best efforts to protect the confidentiality and secrecy of such Confidential Information. Whitney agrees to only divulge Confidential Information to its employees who are
required to have such knowledge in connection with the performance of their obligations under this Agreement, and Whitney shall not disclose, directly or indirectly, any Confidential Information
whatsoever, including without limitation, for its own benefit or any third party's benefit. Confidential Information does not include information which (i) was or becomes generally available to
the public, (ii) was or becomes available on a non-confidential basis, provided that the source of such information was not bound by a confidentiality agreement in respect thereof,
(iii) was within Whitney's possession prior to being furnished by or on behalf of EduTrades, provided that the source of such information was not bound by a confidentiality 

3

 

agreement
in respect thereof, or (iv) the information is a duplication of materials that Whitney already possesses. 

        6.02 The
provisions of Section 6.01 shall also apply to EduTrades in regards to any confidential information regarding the business and services of Whitney in all
aspects as set forth in Section 6.01. 

        6.03 Upon
termination of this Agreement, each party shall destroy all copies of Confidential Information, return all original documents and publicity materials, discontinue
all use of computer links, erase all of the other party's Intellectual Property contained in the party's computer memory or data storage, and destroy all Confidential Information stored on computer,
disk, CD-Rom or computer backup within five (5) days after this Agreement terminates. Each party shall provide a certified document within five (5) days stating that: "All
Confidential Information of the disclosing party in the receiving party's possession has either been destroyed, erased, or returned." 

        6.04 The
terms and conditions of this Agreement shall be considered Confidential Information and shall not be revealed to another party until five (5) years on or
after the date of termination. Additionally, each party agrees that it will not disclose any Confidential Information to any third party and will not use Confidential Information of the other party
for any purpose other than for the performance of the rights and obligations hereunder during the terms of this Agreement and for a period of five (5) years thereafter, without prior written
consent of the disclosing party. Each party further agrees that Confidential Information shall remain the sole property of the other party and that it will take all reasonable precautions to prevent
any unauthorized disclosure of Confidential Information by its employees. 

ARTICLE 7: INDEPENDENT CONTRACTOR RELATIONSHIP  

        The parties acknowledge and agree that in performance of the services under this Agreement, Whitney is acting as an independent contractor, and all Whitney's
employees, personnel and agents are not entitled to any EduTrades benefits, including but not limited to workers compensation. Nothing in this Agreement shall be construed or deemed to create any
joint venture, partnership, agency, employer-employee or other relationship between the parties. All personnel supplied by Whitney under this Agreement are not EduTrades' personnel or agents, and
Whitney assumes full responsibility for their acts. Whitney is not an agent of EduTrades and shall not enter into any agreements on behalf of EduTrades or bind EduTrades in any way. The rights and
obligations of the parties shall be limited to those expressly set forth herein. 

ARTICLE 8: PROPRIETARY INFORMATION  

        EduTrades shall have sole and exclusive ownership of all right, title and interest in and to EduTrades' Proprietary Information and Materials, including ownership
of all copyrights, trademarks, service marks, patents, and trade secrets pertaining thereto (collectively, the "Proprietary Information"). Whitney may use EduTrades' Confidential and Proprietary
Information and Materials subject only to the rights and privileges expressly granted by EduTrades. 

        EduTrades
claims and reserves all rights and benefits afforded under federal and international copyright law in all software programs and documentation included in the Materials and
copyrighted works. The binary or object doc version of such software programs may under no circumstances be reverse-engineered or reverse-compiled without Company's further written consent. 

        The
Confidential and Proprietary Information is considered to include valuable trade secrets of EduTrades. Whitney acknowledges that, in the event of any breach of this Agreement,
EduTrades will not have an adequate remedy in money or damages. EduTrades therefore shall be entitled in such event to obtain an injunction against such breach from any court of competent jurisdiction
immediately upon request. EduTrades' right to obtain such relief shall not limit its rights to obtain other remedies. 

4

 

ARTICLE 9: GENERAL PROVISIONS  

        9.01 Entire
Agreement. This Agreement supersedes any and all other agreements, either oral or in writing between the parties hereto with respect to the terms and conditions
of this Agreement, and contains all of the covenants and agreements between the parties with respect to same. Each party to this Agreement acknowledges that no representation, inducements, promises,
or agreements, orally or otherwise, have been made by any party, or anyone acting on behalf of any party, which are not embodied herein, and that no other agreement, statement, or promise not
contained in this Agreement shall be valid or binding on either party, except that any other written agreement dated concurrent with or after this Agreement shall be valid as between the signing
parties thereto. 

        9.02 No
Waiver. The failure of either party to insist on strict compliance with any of the terms, covenants or conditions of this Agreement by the other party shall not be
deemed a waiver of that term, covenant or condition, nor shall any waiver or relinquishment of any right or power at any one time or times be deemed a waiver or relinquishment of that right or power
for all or any other times under this Agreement. 

        9.03 Severability.
If any provision in this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions shall
nevertheless continue in full force without being impaired or invalidated in any way. 

        9.04 Notice.
Each notice, request or demand given or required to be given pursuant to this Agreement shall be in writing and shall be deemed sufficiently given if deposited
in the United States mail, First Class, postage pre-paid, and addressed to the address of the intended recipient set forth below, or to such other address as may be specified in this
Agreement or in writing by the parties: 

	If to Whitney:	 	Name:	 	Ronald S. Simon
	 	 	Address:	 	1612 E. Cape Coral Pkwy, Suite B

Cape Coral, FL 33904
	 	 	Telephone:	 	(239) 542-0643
	 	 	Facsimile:	 	(239) 540-6565
	

 	
 	

Copy to:	
 	

Marie B. Code, Esq.

1612 E. Cape Coral Pkwy, Suite A

Cape Coral, FL 33904
	

If to EduTrades:	
 	

Name:	
 	

	 	 	Address:	 	

	 	 	City, State, Zip:	 	

	 	 	Telephone:	 	

	 	 	Facsimile:	 	

        9.05 Governing
Law and Attorney Fees. This Agreement shall be deemed to have been made in the State of Florida. This Agreement and all matters arising out of or otherwise
relating to this Agreement shall be governed by the laws of the State of Florida. The parties hereby submit to the personal jurisdiction of the state and federal courts of the State of Florida.
Exclusive venue for any litigation and all claims arising from or in connection with the subject matter of this Agreement shall be with the state and federal courts in and for Lee, Palm Beach or
Broward Counties, Florida, which shall be decided by Whitney, and the parties hereby expressly waive any venue privileges which may be asserted in connection with this Agreement. In any arbitration
and/or litigation arising out of this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs, including attorneys' fees incurred on appeal. 

5

 

        9.06 Authority
to Enter Agreement. The parties warrant that they have the authority to enter into this Agreement and that entering into this Agreement is not restricted or
prohibited by any existing agreement to which they are parties. Additionally, the parties represent and warrant that this Agreement has been authorized and approved by all necessary corporate actions.
Both parties warrant and represent that all individuals executing this Agreement have the authority to do so. Any misrepresentations will bind the fraudulent party/signatory individually. 

        9.07 Right
to Audit. EduTrades shall have the right to audit Whitney's business records concerning services to be rendered under this Agreement, and any other matters
related to EduTrades' students, upon five (5) days prior written notice to Whitney. EduTrades shall have the right to receive photocopies of Whitney's business records concerning services
rendered under this Agreement, and any other matters related to EduTrades' students, upon five (5) days prior written notice provided to Whitney. Failure to abide by the terms of this provision
may result in the termination of this Agreement. 

        9.08 Assignment.
The rights and liabilities of this Agreement shall be binding on and inure to the benefit of the respective parties and their respective heirs, legal
representatives, successors and assigns. 

        9.09 Headings.
All section and subsection headings contained in this Agreement are for convenience only and shall not be deemed to constitute a part of this Agreement nor
affect the meaning of same. 

        9.10 No
Drafter. Both parties warrant and represent that each have had equal input in drafting this Agreement and have had the opportunity to consult with independent legal
counsel. 

        9.11 Assignment.
The parties shall not sell, transfer, assign, sublicense, or subcontract any right or obligation hereunder without the prior written consent of the other
party. 

        9.12 Force Majeure. Either party shall not be responsible for any failure to perform due to unforeseen circumstances or to
causes beyond its reasonable control, including but not limited to, acts of God, war, riot, embargoes, civil or military acts, terrorism, fire, flood, earthquakes, hurricanes, tropical storms,
tornadoes, other natural disasters, strikes, transportation shortages, fuel shortages, energy shortages, labor shortages, material shortages, telecommunications failures, hacking, SPAM, computer
failure, server failure, or software failure for so long as such event continues to delay the party's performance. If any force majeure event occurs,
the party shall give prompt written notice to the other party and will use commercially reasonable efforts to minimize the impact of the event. 

        9.13 Survival.
The parties' rights and obligations under Articles 5, 6, 7, and 8 shall survive any expiration or earlier termination of this Agreement. 

6

 

        IN
WITNESS THEREOF, the parties hereto, intending to be legally bound hereby, have caused this Agreement to be executed by their respective duly authorized representatives as of the day
indicated. 

	WHITNEY	 	EDUTRADES
	
Whitney Education Group, Inc.	
 	

EduTrades, Inc.
	

/s/  RONALD S. SIMON      
 Ronald S. Simon, Secretary	
 	

/s/  NICOLAS MATURO      
 Nicolas Maturo, CEO
	

 Date	
 	

 Date
	

 Reviewed by Legal	
 	

 

7

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LEAD MARKETING AGREEMENT

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