Document:

EXHIBIT 10.33
                                                                   -------------

                                    AGREEMENT
                                    ---------

         This Agreement is made and entered into the 25th day of May, 2000 by
and between Valueflash.Com, Inc., a Delaware corporation with an office at 250
West 57th Street, New York, New York 10019 ("V-Flash) Value Flash Japan Inc., a
Japanese corporation with offices at 5th Floor, Meguro Kowa Building, 14-9
Karni-Osaka 2 chome, Shingawa-ku, Tokyo, JAPAN ("VFJAPAN").

         1.   (a) VFJAPAN will pay an initial agency fee of US$1,000,000 payable
as follows: US$500,000 within 75 days from the execution hereof, US$250,000 by
no later than August 21, 2000, and US$250,000 by no later than November 20,
2000. Payment is to be made by certified or bank check (drawn on a United States
bank) or wire transfer of available funds.

              (b) VFJAPAN will pay an annual fee as follows:
                        US$1,000,000 for 20001
                        US$2,000,000 for 2002
                        US$3,000,000 for 2003
                        US$4,000,000 for 2004
                        US$5,000,000 for 2005
                        US$5,000,000 for each year thereafter

Each such annual fee is payable in two equal payments no later than July 10 and
December 31 of each such year. Payment is to be made by certified or bank check
(drawn on a United States bank) or wire transfer of available funds.

In the event that VFJAPAN becomes listed on a stock exchange in Japan, then,
during the period in which VFJAPAN continues to be listed, the annual fee
requirement terminates as of the date of such listing, with a payment of the
annual fee for the period up to such listing to be prorated on a daily basis
against the year in which the listing takes place and being payable upon such
closing.

         2.   VFJAPAN shall have the right to make, have made, render services
in relation to, distribute or otherwise deal with, exclusively in Japan, any and
all products which are, or will be, developed, acquired or otherwise dealt with
by V-Flash currently or in any future, including without limitation the V-Flash
module and the Value Flash Solution, ("V-Flash Products"), under any and all
patent applications or issued patents in the United States of America and/or
Japan owned or controlled by V-Flash and any and all technology, know-how, trade
secret, data and other confidential and/or proprietary information developed or
acquired by V-Flash relating to the V-Flash Products (collectively, "V-Flash
Technology"). For avoidance of doubt it is confirmed by both parties that the
services to be rendered by VFJAPAN in relation to the V-Flash Products include
hosting, graphic design and client data base management in connection with the
V-Flash Technology (collectively, "V-Flash Hosting Services"). Software
maintenance is the responsibility of, and will be rendered by, V-Flash. It is
further agreed by both parties that any doubt about the scope of the exclusivity
for the VFJAPAN's dealing with the V-Flash
<PAGE>

Products will be solved through a good faith discussion of both parties to the
maximum benefit enjoyable mutually.

         3.   V-Flash will provide training for VFJAPAN's personnel at the
V-Flash offices (each such company will be responsible for the costs and fees
incurred by their employees in connection with such training). VFJAPAN agrees to
employ such employees in connection with the provision of V-Flash Hosting
Services as will have the requisite skills and experience to be able to perform
at high quality once trained. VFJAPAN agrees that it will not take any action in
connection with the provision of V-Flash Hosting Services that will result in
any actions or disrepute against V-Flash or any of the companies utilizing such
services. Any and all initial and future capital requirements for VFJAPAN will
not require a contribution by V-Flash and will not result in any dilution of
V-Flash's interest in VFJAPAN.

         4.   Twenty (20%) percent of shares of stocks of VFJAPAN will be
acquired by V- Flash; however, VFJAPAN ensures that its other shareholders will
not be able to sell, dispose, transfer, encumber, assign or otherwise alienate
any of their eighty percent interest in VFJAPAN without the prior written
consent of V-Flash. Provided, however, that VFJAPAN shall be able to increase
its stocks by issuance of new stocks to be allotted to any of such other
shareholders as VFJAPAN deems appropriate, and that V-Flash shall take any and
all such actions of a shareholder as VFJAPAN necessary for implementation of
said increase in stocks. Provided, further, that V-Flash's shareholding
percentage in VFJAPAN shall not be diluted by any further issuance or offering
by VFJAPAN of equity less than twenty (20%) percent of shares of stocks of
VFJAPAN outstanding any time prior to the public listing of VFJAPAN. VFJAPAN
will deliver monthly reports to V-Flash detailing the gross revenues collected,
expenses paid and incurred, invoices and/or purchase orders sent or received and
agreements entered into (all agreements will be based on business models and
prices mutually agreed between VFJAPAN and V-Flash). Such reports will be
delivered by no later than the fifteenth (15) day of the following month.
VFJAPAN hereby grants to V-Flash the right to audit the books and records of
VFJAPAN, upon two (2) business day's notice, in order to verify the accuracy and
completeness of the monthly reports.

         5.   Within five (5) business days from the execution of this Agreement
V-Flash shall disclose or deliver most appropriate in the manner VFJAPAN for the
purpose of licensing of the V-Flash Technology all such V-Flash Technology
necessary for VFJAPAN to start up the business in relation to the V-Flash module
and the V-Flash Solution in Japan, including rendition of the AV-Flash Hosting
Services. It is explicitly agreed that the above disclosure of the V-Flash
Technology shall include, without limitation, the disclosure and transfer of
documents and materials titles of which are listed in the Appendix "List of
V-Flash Technology initially disclosed". It is further agreed that V-Flash shall
dispatch its qualified technicians to VFJAPAN's office to assist VFJAPAN in
starting up above business for a period of time to be determined by V-Flash in
its discretion, at the cost and expense of V-Flash, including without limitation
expenses for airfares and hotel accommodations for such technicians. Thereafter,
and from time to time, V-Flash shall disclose or deliver VFJAPAN such part of
V-Flash Technology necessary for its continuation or further development of the
business relating to the V-Flash Products. V-Flash shall keep VFJAPAN informed
of any development of addition to or other changes in the V-Flash Products
and/or the V-Flash Technology.

                                       -2-
<PAGE>

         6.   (a) This Agreement shall be effective upon the date of execution
of this Agreement and continue to be valid for a period of ten years (subject to
early termination as provided for in this agreement) and shall be automatically
renewed for another ten years unless either party gives to the other one year
prior notice to not renew upon the end of the initial ten year period.

              (b) Either party may, at its option, terminate this Agreement for
cause in the event the other party shall commit a material breach of this
Agreement and shall fail to cure such breach within thirty (30) days of notice
of such breach from the non-breaching party. After the end of the applicable
cure period the party who has the right of termination may exercise its
termination option by giving the breaching party written notice of at least
fifteen (15) days of its election to terminate. Any termination of this
Agreement shall not release the breaching party from any obligations incurred
hereunder.

              (c) In the event that a party is subject to any proceeding under
the bankruptcy laws or to the appointment of a receiver, trustee or liquidator
of its business or substantially all of its assets and such proceeding, if
involuntary, is not dismissed or discharged within ninety (90) days after such
proceeding is instituted, or upon the liquidation, dissolution, or winding up of
its business, then this Agreement shall be terminated in its entirety for cause
upon a notice of at least fifteen (15) days in writing to that party from the
party who is not bankrupt or insolvent.

              (d) VFJAPAN, shall be free to use and to register a license to use
in a any trademark office in Japan any trademark for use with the V-Flash
Products during the term of this Agreement.

              (e) The parties agree to abide by the U.S. laws and regulations
governing exports and re-exports of the V-Flash Products and the V-Flash
Technology or any other technology or software developed or disclosed as a
result of this Agreement. The V-Flash represents and warrants to VFJAPAN that,
as of the date of the execution of this Agreement, none of performance under
this Agreement is subject to any restrictions which may be imposed by the United
States laws and regulations governing exports and re-exports.

              (f) V-Flash represents and warrants to VFJAPAN that none of the
V-Flash Products or the V-Flash Technology infringes any patent, copyrights or
other proprietary rights of any third party.

         7.   VFJAPAN may not assign any of its rights to any of V-Flash's
competitor or potential rival, technology providers, nor to any person or entity
who might bring disrepute to V-Flash (for example, a pornography site or a
criminal). No permitted assignment may be made unless V-Flash receives no less
than five (5) business days prior written notice of such assignment.

         8.   All notices permitted, required or provided for this Agreement
shall be made in writing , and shall be deemed adequately delivered if delivered
by hand or by mailing of the notice in the [U.S.] mail, prepaid certified or
registered mail, return receipt requested, or by

                                       -3-
<PAGE>

priority overnight by a nationally recognized overnight courier service that
regularly maintains records of its pick-ups and deliveries, or by facsimile
followed by one of the other means of delivery, to the parties at their
respective addresses as stated first above or to any other address designated by
a party hereto by written notice of such address change, with a copy of any and
all such notices to Moritt, Hock, Hamroff & Horowitz, LLP, 400 Garden City
Plaza, Suite 202, Garden City, New York 11530 (facsimile number (516) 873-2010),
Attention: Steven A.Horowitz, Esq. and Koga & Partners, Suite 401, Shuwa Daini
Shiba-koen 3 chome Bldg., 22-1, Toranomon 3 chome, Minato-ku, Tokyo, 105-0001,
Attention: Isomi Suzuki, Esq. Notices delivered personally shall be deemed
communicated as of the date of actual receipt, mailed notices shall be deemed
communicated as of the date five (5) business days after mailing, couriered or
faxed notices as of the date two (2) business days after delivery to the courier
or the faxing, as appropriate.

         9.   This Agreement may not be modified or amended, except by an
instrument in writing signed by the party or parties against whom enforcement of
any such modification or amendment is sought.

         10.  Each of the parties hereto hereby agrees to execute and deliver
any further instruments, certificates and documents as may be reasonably
requested by any other party hereto to carry out the terms and conditions of
this Agreement.

         11.  Any term or provision of this Agreement which is invalid or
unenforceable in any Jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such invalidity or unenforceability without rendering invalid
or unenforceable the remaining terms or provisions of this Agreement in any
other jurisdiction. Further, to the extent that any term or provision hereof is
deemed invalid, void or otherwise unenforceable, but may be made so that the
same shall, nevertheless, be enforceable to the fullest extent permissible under
the laws and public policies applied in any such jurisdiction in which
enforcement is sought.

         12.  This Agreement shall be interpreted, construed and performed, and
the rights and liabilities of the parties hereto determined, in accordance with
the laws of the State of New York, without regard to any conflicts of law
principles. Any legal action resulting from, arising under, out of connection
with, directly or indirectly, this Agreement shall be commenced in the Federal
or State Courts located in the State of New York, County of Nassau, if initiated
by VFJAPAN or the Japanese District Court located in Tokyo, if initiated by
V-Flash. All parties to this Agreement hereby submit themselves to the
jurisdiction of any such court, and agree that service of process on them in any
such action, suit or proceeding may be effected by the means by which notices
are to be given under this Agreement.

         13.  The parties hereby agree that any remedy at law for a violation of
any of the provisions of this Agreement is not, in itself, adequate to protect
the parties hereto, and each party therefore shall be entitled to specific
performance or any other mode of injunctive and/or other equitable relief to
enforce his or its rights hereunder or any other relief a court may award.

         14.  Any waiver of any of the provisions of this Agreement, or of any
inaccuracy in or non-fulfillment of any of the representations, warranties or
obligations hereunder contemplated

                                       -4-
<PAGE>

hereby, shall not be effective unless made in writing and signed by the party
against whom the enforcement of any such waiver is sought. A waiver given in any
case shall only apply with respect to that particular act, omission or breach,
and shall not be effective as to any further or subsequent act, omission or
breach, regardless of whether they be of the same or similar nature.

         15(a). This Agreement sets forth the entire agreement and understanding
of the parties hereto in respect of the subject matter contained herein, and
supersedes all prior agreements, promises, understandings, letters of intent,
covenants, arrangements, communications, representations or warranties, whether
oral or written, by any party hereto or by any related or unrelated third party.

         (b). All exhibits and schedules attached hereto, and all certificates,
documents and other instruments delivered or to be delivered pursuant to the
terms hereof are hereby expressly made a part of this Agreement as fully as
those set forth herein, and all references herein to the terms this Agreement,
hereunder, herein, hereby and hereto shall be deemed to refer to this Agreement
and to all such writings.

         16.  This Agreement may be executed in counterparts, each of which
shall be deemed an original, but all of which shall constitute one and the same
instrument.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement, in
duplicate originals, by their respective officers thereunto duly authorized, the
day and year herein written.

VALUE FLASH.COM, INC.                           VALUE FLASH JAPAN, INC.

By _____________________                        By _____________________

Name____________________                        Name____________________

Title___________________                        Title___________________

                                       -5-EXHIBIT 10.34
                                                                   -------------

V-FLASH

June 12, 2000

Mr. Raymond Butkus
Senior Vice President
Naviant
475 Park Avenue South - 17th Floor
New York, NY  10016

Dear Ray,

This letter (this "Letter Agreement") will state the terms of an agreement
between Naviant Marketing Solutions, Inc. ("Naviant"), and ValueFlash.com, Inc.
("Vflash").

Whereas, Naviant is in the business of database management, list services,
direct marketing and other professional services; and

Whereas, Vflash is in the business of designing customized Internet based
applications, direct marketing and proprietary methods of producing multimedia
CDs via partner company CDKnet; and

Whereas Naviant desires to participate in the House of Blues project (as
described herein, the "Project"), and Vflash desires Naviant's participation
therein;

Now, therefore, Naviant and Vflash agree as follows:

PROJECT BACKGROUND
------------------

House of Blues will be running a summer promotion entitled "Run of the House"
giving fans the opportunity to win two "all-access" passes to House of Blues
venues around the country. The promotion is being supported by online
advertising as well as the distribution of 2 million multimedia CDs, to be
produced by CDKnet, will include information on this promotion, with a link to
an online entry form, as well as video clips and interviews from House of Blues
performances.

Additionally, the CD will include a software installation for a "Music Vflash"
that will provide fans with music news, artist info, performance schedules, Web
cast announcements, etc.

<PAGE>

TERMS OF NAVIANT'S PARTICIPATION IN PROJECT
-------------------------------------------

Naviant shall participate in the project by including a free Club Rewards
membership offer to consumers who subscribe to the Music Vflash service, whether
prompted from the CD, from the on-line promotion or the HOB.com website. As
such, the Music Vflash "download" page will include a prominent promotional
message for the free fight offer sponsored and administered by Naviant or its
Affinity partners (the "Navaint Offer"). The Club Rewards membership
registration and each Naviant Affinity Offer will require the consumer to
provide personal information to participate in the respective offer (see Exhibit
A).

The Club Rewards site and each Naviant Affinity Offer shall be accessible to
consumers who subscribe to Music Vflash. Upon completing the Music Vflash
registration application, a Club Rewards icon will be automatically dropped to
the desktop. The consumer will also be prompted join Club Rewards (a proprietary
Naviant program that offers consumers free gifts from multiple participating
Affinity partners identified by Naviant). A promotional incentive may be used to
entice persons to join Club Rewards.

CONSUMER DATA: Vflash hereby grants Naviant a world-wide, royalty-free perpetual
license to use all data collected by Vflash from Music Vflash Subscribers (the
"End-User Data") who do not select to participate in the "Club Rewards" program
during the course of the project collected from both the CD, on-line promotional
activities and HOB web site. Naviant hereby grants Vflash a world-wide,
royalty-free perpetual license to use End-User Data collected by Naviant from
participants in the "Club Rewards" program (resulting from subscriptions to
Music Vflash) during the course of the project. Notwithstanding the foregoing,
(I) neither Naviant nor Vflash shall not disclose to third parties (a) that
End-Users are customers of either Naviant or Vflash, or (b) which product or
service an End-User purchased, and (ii) Naviant and Vflash shall comply with all
applicable laws and regulations regarding privacy of End-User Data. (iii)
Naviant and Vflash shall both warrantee that appropriate consumer permissioning
techniques are used in all data collection activities.

PAYMENT TERMS: Naviant shall pay to Vflash $0.23 per distributed CD, not to
exceed a total of $460,000. This shall be payable in two installments as
follows: $230,000 on June 26, 2000 and balance upon the latter of receipt of
first shipment of data to Naviant or August 1, 2000.

If the foregoing accurately represents our agreement, please indicate your
willingness to be bound hereby by executing both enclosed copies of this letter
Agreement and return one to me.

                                           Respectfully,

                                           VALUEFLASH.COM, INC.

                                           By:  /s/ Shai Bar-Lavi
                                           Name: Shai Bar-Lavi
                                                 ------------------------------
                                           Title: CEO
                                                  -----------------------------

                                       -2-
<PAGE>

Agreed and accepted:

NAVIANT MARKETING SOLUTIONS, INC.

By:    /S/ R.T. Butkus
      ----------------------------------
Name: R.T. Butkus
      ----------------------------------
Title: Senior Vice President
       ---------------------------------
Date: 6/12/00
      ----------------------------------

                                      -3-
<PAGE>

EXHIBIT A

                      MUSIC VFLASH/CLUB REWARDS INTEGRATION

Step 1            Consumer receives HOB promo CD or links to Music Vflash
                  download page from HOB.com. Both communications will include
                  the message "Receive a free gift when you register with Music
                  Vflash."

Step 2            Consumer installs Music Vflash and links to registration page.

Step 3            Consumer completes Music Vflash registration page and its
                  directed to Club Rewards page where they can select as many
                  free offers as they like. A Club Rewards icon will be
                  automatically dropped to the desktop upon completion of the
                  Vflash registration.

Step 4            To join Club Rewards, consumer is prompted to provide personal
                  data. Data is captured by Naviant and provided to the various
                  Affinity partners based upon offer acceptance. The Affinity
                  partners, by contract, are responsible for fulfilling the
                  offers.

EXHIBIT B

                                     TIMING

Timeline TBD and agreed upon by both parties.

                                      -4-
<PAGE>

                           DATABASE LICENSE AGREEMENT

This Database License Agreement (this "Agreement"), effective as of June 13,
2000 (the "Effective Date"), is by and between Naviant Marketing Solutions, Inc.
("Naviant") and the ValueFlash.com, Inc. ("Customer").

SECTION 1. DATABASE. The term "Database" means the high-tech Household database
(the "Database") owned and/or licensed by Naviant, or any portion thereof or
information derived either in whole or in part therefrom, as it may be changed
from time-to-time by Naviant.

SECTION 2. LICENSE. Subject to the terms, restrictions and conditions set forth
herein, Naviant hereby grants to Customer a non-exclusive non-transferable
license to the fields indicated on Schedule 1 hereto of 1,000,000 records within
the Database having an e-mail address, solely for (and only to the extend of)
Customer's own internal use and for Customer's own sales and marketing purposes
in the United States, subject to Customer's compliance with the use restrictions
set forth in Schedule 2 (the "Use Restrictions"). If, during the first thirty
(30) after Customer's initial batch usage of e-mail addresses, Customer
determines that any records in the Licensed File do not have a valid e-mail
address (after at least three (3) attempts to use the e-mail address), Naviant
shall provide a new record (each, a "Replacement Record." And each of which
shall be considered part of the Licensed File) for each such record in the
Licensed File without a valid e-mail address. Except as otherwise provided for
herein, customer shall not provide, make available, permit or otherwise allow
the Licensed File to be provided to or made available to any third party.
Consistent with. the foregoing. Naviant reserves all rights to use and/or
license the Database. Naviant shall deliver to Customer one copy of the Licensed
File to the following location: 250 W 57th Street, Suite 1101, New York, NY
10019. Customer will store the Licensed File at such location and will not make
any copies of the Licensed File without the prior written consent of Naviant;
provided, however, one copy of the Licensed File may be made for back-up
purpose.

SECTION 3. CONSIDERATION. In consideration for the license to the Licensed File,
Customer shall pay Naviant $250,000.00 within forty-five (45) days of receipt of
the Licensed File. Any payment not received when due shall be subject to a late
charge of 1.5% per month, or the maximum rate allowed by law if such rate is
lower than 1.5% per month.

SECTION 4. TERM; TERMINATION; INJUNCTIVE RELIEF. The term (the "Term") of this
Agreement shall commence on the Effective Date, and shall expire twelve (12)
months after delivery of the Licensed File to Customer. Notwithstanding the
foregoing, this Agreement may be terminated upon the occurrence of any of the
following events: (a) either party's failure to cure any material breach of a
term, covenant, condition or agreement contained in this Agreement within 30
days after the breaching party receives written notice of such breach; (b) upon
the giving of notice by Naviant if Customer or any Approved Third Party,
provides or otherwise makes the Licensed File available to a third party other
than in accordance with the provisions of this Agreement; (c) notice is given by
Naviant or Customer pursuant to section 7. Termination pursuant to the preceding
sentence shall be effective upon the date set forth in a notice of termination
which shall be provided in writing by the terminating party. Upon

                                       -5-
<PAGE>

termination of this Agreement for any reason whatsoever, Customer shall either
return to Naviant or destroy all copies of the Licensed File in its possession
together with all excerpts of or extracts therefrom and provide a certificate
from a senior officer certifying compliance with this provision. Customer
acknowledges that Naviant cannot be adequately compensated in money damages in
the event of any improper disclosure of the Licensed File and agrees that, in
addition to its other remedies hereunder in the event of any such disclosure,
Naviant shall be entitled to an order enjoining and further disclosure.

SECTION 5. INDEMNIFICATION. Each party (the "Indemnifying party") shall defend,
indemnify and hold harmless the other party and its affiliates (the "Indemnified
party") from all damages, liabilities and expenses (and all legal costs
including attorneys' fees, court costs, expenses and settlements resulting from
any action or claim) (Collectively, "Losses"), arising out of, connected with,
or resulting in any way from (a) any misrepresentation or breach of any
warranty, covenant or agreement made by the Indemnifying Party in this
Agreement, (b) if Naviant is the Indemnifying Party, any allegation that the
possession, distribution or use by Customer of the Database infringes an
intellectual property right unless the allegation is based on infringement
arising from any modification to the Licensed File by Customer (e.g., the
inclusion in the Licensed File of data not provided by Naviant) or the
combination or use of the Licensed File with any other data or materials not
furnished by Naviant; and 9c) if Customer is the Indemnifying Party, (I) use of
the Licensed File by Customer or any third party gaining access, directly or
indirectly, to the Licensed File through Customer, whether or not a violation of
this Agreement or (ii) any direct or indirect disclosure of the source of the
Database or any of its elements; provided, however, that no such obligation
shall arise unless (X) the Indemnified Party gives the Indemnifying Party
written notice of the claim in a timely manner after it receives actual notice,
and (Y) the Indemnified party cooperates with the Indemnifying party in
defending any such action. Notwithstanding anything contained herein to the
contrary, neither party shall be liable or required to indemnify the other party
for such other party's gross negligence or intentional wrongdoing.

SECTION 6. DEFENSE OF CLAIMS. The Indemnifying Party shall have the right at its
expense to employ counsel reasonably acceptable to the Indemnified Party to
defend against the claim but not to settle the claim. If the Indemnifying Party
does not avail itself of the opportunity to defend against or resist the claim
or proceeding within 30 days after receipt of notice thereof (or such shorter
time specified in the notice as circumstances may dictate), the Indemnified
party shall be free to investigate, defend, compromise, settle or otherwise
dispose of the claim or proceeding and be reimbursed for all costs associated
therewith by the Indemnifying Party.

SECTION 7. INTELLECTUAL PROPERTY CLAIM REMEDIES. If the Database, or any portion
thereof (including the Licensed File) becomes, or in Naviant's opinion is likely
to become, the subject of any claim or action that it violates the intellectual
property rights of another persons, then Naviant, at its option and expense, may
either: (1) procure the right to continue using the Database; (ii) modify the
Database to render it non-infringing; or (iii) replace the Database or any
portion thereof (including the Licensed File) with equally suitable,
functionally equivalent, compatible, non-infringing data. If none of the
foregoing are commercially practicable, Naviant may terminate this Agreement
unless Customer desires to continue using the Licensed File after the removal of
the infringing portion thereof. In the event that Naviant makes any material

                                       -6-
<PAGE>

modification to the Licensed File pursuant to the provisions of this Section
that has a material adverse effect on Customer's ability to conduct that part of
its business relating to the Licensed File, Customer may, at its option,
terminate this Agreement. The remedies set forth in Section 5 and this Section 7
constitute Naviant's total liability with respect to any claim against Customer
for intellectual property infringement by the Database. Naviant's obligation to
provide a Replacement Record shall be Customer's sole remedy in the event any
e-mail address is not valid.

SECTION 8. DISCLAIMER OF WARRANTY. Except as expressly otherwise provided in
this Agreement, Naviant disclaims all representations and warranties of any kind
or nature, express or implied, arising out of or related to this Agreement and
the Database (including the Licensed file), including, without limitation, any
warranties regarding quality, correctness, completeness, comprehensiveness,
suitability, merchantability, fitness for a particular purpose, title and
non-infringement or otherwise (irrespective of any course of dealing, custom or
usage of trade) and each of which is hereby excluded by agreement of their
parties.

SECTION 9. EXCLUSION OF DAMAGES. Notwithstanding any provision of this Agreement
to the contrary, with the exception of claims arising from a claim by a third
party arising from a breach of Section 2, 5, 11 or 12, neither party shall be
liable to the other for lost profits, lost revenues, lost business
opportunities, exemplary, punitive, or consequential damages.

SECTION 10. LIMITATION OF LIABILITY. Except for claims arising under Sections 2,
3, 5, 11 or 12, each party's commutative liability for all losses relating to or
arising in connection with this Agreement shall not under any circumstances
exceed the payments made by Customer to Naviant hereunder.

SECTION 11. TAXES. Customer shall pay all taxes (excluding those based upon
Naviant's income), fees and assessments now or hereafter imposed by any
governmental authority with respect to: (a) the license granted hereunder by
Naviant; and (b) Customer's or Approved Third Parties' use of the Licensed File.

SECTION 12. CONFIDENTIALITY. During the Term, and for a period of two years
thereafter, each party shall: (a) limit access to any Confidential Information
of the other party received by it to its employees who have a need-to-know in
connection with the performance of such party's duties and obligations under
this Agreement; (b) advise its employees having access to the Confidential
Information of the other party of the proprietary nature thereof and of the
obligations set forth in this Agreement; (c) safeguard all Confidential
Information of the other party received by its using a reasonable degree of
care, but not less than that degree of care used by it in safeguarding its own
similar information or material; (d) not disclose any Confidential Information
of the other party received by it to third parties otherwise than in conformity
with the provisions of this Agreement; (e) not disclose the terms and conditions
of this Agreement to any third party; and (f) be responsible for any breach of
the terms hereunder by the party or any person who receives any Confidential
Information from such party. As used in this Agreement, the term "Confidential
Information" includes, without limitation, any data or information that: (I) is
labeled as proprietary or confidential; (ii) is identified at the time of its
disclosure as confidential; (iii) a reasonably prudent person would recognize
would not be made available to

                                       -7-
<PAGE>

third parties without restriction or payment; (iv) is competitively sensitive
material, and not generally known to the public. Confidential Information
includes, without limitation, this Agreement, the Database, the Licensed File
and/or the configuration thereof. Confidential Information does not include
information that: (w) was or is in the public domain prior to the date of
disclosure; (x) was or is lawfully received by the recipient party from a third
party without obligation of confidentiality; (y) was or is already known by or
in the possession of the recipient party; or (z) is required to be disclosed by
under applicable law or by a governmental order, decree, regulation or the rule
(provided that the recipient party gives written notice to the disclosing party
as far in advance as possible prior to disclosure.

SECTION 13. AUDIT. Customer shall maintain current, accurate and complete books
and records regarding the Licensed File and the use thereof. During the Term of
this Agreement, and for a period of 2 years thereafter, Naviant may, either
itself or through a third party, up to two times per year, examine, inspect,
audit and copy such books and records and any source documents pertaining
thereto to determine Customer's compliance with the terms and conditions of this
Agreement. Such audit shall be conducted at Naviant's sole cost and expense;
provided, however, if such audit reveals that Customer failed to properly use
the Licensed File in conformance with the terms and restrictions set forth
herein, Customer shall, in addition to promptly cease such usage, reimburse
Naviant for the expense of such audit.

SECTION 14.       MISCELLANEOUS.

     14.1 INDEPENDENT CONTRACTORS. The relationship of Naviant to Customer
hereunder shall be solely that of an independent contractor. Naviant and
Customer each acknowledge and agree that neither is an employee, employer,
agent, partner, or joint venturer of the other.

     14.2 NON-ASSIGNMENT. Neither this Agreement nor the license granted
hereunder nor any rights or obligations set forth herein may be assigned,
delegated or otherwise transferred, by Customer to any third party, whether by
operation of law or otherwise, without the express prior written consent of
Naviant, which consent shall not be unreasonably withheld.

     14.3 FORCE MAJEURE. No delay or failure of Naviant to perform any of its
obligations under the Agreement shall be considered a breach of this Agreement
if it results from any cause beyond its control including, without limitation,
any act of God, earthquake, hurricane, flood, fire, natural catastrophe, severe
weather, public emergency, accident, labor difficulty, strike, lock-out or other
dispute, riot, civil commotion, insurrection, equipment or system failure or
changes in any federal, state, or local laws, statutes, rules, regulations, or
ordinances or other action of any governmental authority having jurisdiction.

     14.4 NOTICES. All notices, requests, demands and other communications
required or permitted to be given under this Agreement shall be in writing, and
shall be deemed to be given when delivered in person, or when sent by facsimile
(with receipt confirmed), or on the first business day after posting thereof
with a nationally recognized overnight courier as follows (or such other address
as the parties may designate by written notice in the manner aforesaid):

                                       -8-
<PAGE>

<TABLE><CAPTION>
<S>                                    <C>                                 <C>
TO NAVIANT:                            WITH A COPY TO:                     TO CUSTOMER:
Naviant Marketing Solutions, Inc.      Naviant Marketing Solutions, Inc.   The ValueFlash.com, Inc.
475 Park Avenue South, 17th Floor      14 Campus Boulevard, Suite 200      250 W. 57th Street, Suite 1101
New York, NY  10016                    Newton Square, PA  19073            Attention:  Shai Bar-lavi
Attention:  Raymond T. Butkus          Attention:  General Counsel         Facsimile Number:  (212) 265-3878
</TABLE>

     14.6. SEVERABILITY. Any determination by any court of competent
jurisdiction of the invalidity any provision of this Agreement shall not effect
the validity of any other provision of this agreement, which shall remain in
full force and effect and which shall be construed as valid under applicable
law.

     14.7. GOVERNING LAW. This Agreement shall be construed in accordance with
the laws of the State of New York without giving effect to any choice or
conflict of law provision or rule.

     14.8. ENTIRE AGREEMENT. This Agreement sets forth the entire agreement of
this parties with respect to the subject matter hereof.

     14.9. ATTORNEYS' FEES. If litigation between the parties arises out of or
relates to this Agreement, the prevailing party of any such litigation shall be
entitled to recover from the other party its reasonable attorneys' fees and
other costs incurred in such litigation.

     14.10. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, including facsimile counterparts, each of which shall be deemed to
be an original and all of which together shall constitute one and the same
agreement.

     14.11 TITLE TO DATABASE AND LICENSED FILE. Customer agrees that other than
the license granted pursuant to this Agreement, neither Customer nor any other
third party, including, without limitation, Approved Third Parties, has any
other right, title, or interest in the Database or the License File.

     14.12 DISPUTE RESOLUTION. Any controversy or claim relating to this
Agreement shall be exclusively settled by binding arbitration administered by
the American Arbitration Association ("AAA") conducted in New York, New York, in
accordance with the then current Commercial Arbitration Rules of the AAA.

     14.13. SURVIVAL. Section 3, 5, 8, 9, 10, 11, 12, 13 and 14 shall survive
the termination or expiration of this Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

                                      -9-
<PAGE>

         IN WITNESS WHEREOF, each party hereto has caused this Agreement to be
executed by its duly authorized representative as of the date first written
above.

NAVIANT MARKETING SOLUTIONS, INC.

By:      /s/ Raymond T. Butkus
         -------------------------------------------
         Name:  Raymond T. Butkus
         Title:  Senior Vice President (Sales & Marketing)

VALUEFLASH.COM, INC.

By:      /s/ Shai Bar-Lavi
         -------------------------------------------
         Name:  Shai Bar-Lavi
         Title:  CEO

                                      -10-
<PAGE>

SCHEDULE 2:  LICENSED FILE FIELDS
-----------  --------------------

The Licensed File shall contain, where available, the following fields: e-mail
address, name, age, sex, age of head of household. presence of children, income,
length of residence and dwelling type.

The Licensed File shall be sorted in ascending order by age of head of
household. File shall represent the 1,000,000 youngest age of head of household
records with e-mail addresses.

                                      -11-
<PAGE>

SCHEDULE 2:  USE RESTRICTIONS
-----------------------------

For purposes of this Schedule, the term "Recipients" shall refer to Customer and
to the extent applicable, Approved Third Parties.

1. Recipient shall not copy, duplicate or reproduce in any manner the Database
except as consistent with this Agreement and these Use Restrictions. The
Licensed File is for one (1)-time use only; dispatch of multiple messages to an
e-mail address is not permitted (other than in the case of a returned/rejected
message). Customer shall not conduct direct marketing to persons in the Licensed
File, other than via e-mail. The Database may contain decoy names to permit
detection of unauthorized use.

2. Recipient shall provide Naviant, upon request, with all requested advertising
copy, e-mail message copy, scripts or other communications produced by or for
Recipient using information derived from the Database. Recipient covenants that
it will not disclose, directly or indirectly, the source of the Database or any
of its elements.

3. Recipient shall use the database in compliance with: (a) all federal, state
and local laws, statutes, rules, regulations and ordinances including, without
limitation, the Fair Credit Reporting Act (15 U.S.C. Sections 1681-1681t, as
such act may be amended, modified or supplemented from time to time); (b) all
applicable privacy and data protection laws, rules and regulations; (c) all
reasonable regulations, rules and policies adopted by Naviant; and (d) all
regulations, rules and policies published by the Direct Marketing Association.

4. All marketing efforts, solicitations, advertising copy and other
communications produced by or for Recipient and derived either in whole or in
part from the Database shall: (a) not contain any reference to any selection
criteria or presumed knowledge concerning the intended recipient of such
solicitation or the source of such recipient's name and address or e-mail; (b)
be designed such that the recipient of such communication cannot determine that
state title or registration information was used as an information source; and
(c) be in good taste in accordance with generally recognized standards of high
integrity.

5. Unless otherwise permitted by Naviant, Recipient shall not provide, or
otherwise make available, the Database or any excerpts therefrom, or any
information derived either in whole or in part therefrom, or any copies of the
foregoing, to any third party for any purpose.

6. Recipient shall not make the Database, or any excerpts thereof or any
information derived either in whole or in part from the Database available in an
on-line environment except by an appropriately secured and encrypted bulletin
board service, tape-to-tape batch transmission or remote job entry. For purposes
of this paragraph, the term "on-line" means the delivery of data from the
Database residing in Recipient's host computer using telecommunications to
transport the data to another location.

7. Recipient shall not use the Database, either in whole or in part, as a factor
in: (a) establishing an individual's eligibility for credit or insurance; (b)
connection with underwriting individual insurance; (c) evaluating an individual
for employment or promotions, reassignment

                                      -12-
<PAGE>

or retention as an employee; (d) in connection with a determination of an
individual's eligibility for a license or other benefit granted by a
governmental authority; or (e) in any other manner in which the usage of the
Database or any information contained authority having jurisdiction over Naviant
any of its successors or the Database.

8. Subject to the terms, restrictions and conditions set forth herein, Customer
may also provide the Licensed File to a third party which performs (itself, not
through any subcontractors) one of the following services for Customer and is
under contract with Customer for such services: (a) telemarketing or mailing
services in connection with marketing Customer's products ("Channel Marketer");
or (b) database processing services ("Processor," and, together with Channel
Marketer, "Approved Third Parties"); provided, however, that providing the
Licensed File to Approved Third Parties shall be subject to the following: (i)
Customer shall obtain Naviant's prior written consent; (ii) Approved Third
Parties use shall be limited to providing the services to Customer; (iii)
Approved Third Parties shall have no right to use the Licensed File for their
own internal purposes; or for the resale to others; (iv) Customer shall not
reveal to Approved Third Parties the fact that the origin of the Licensed File
is from Naviant without obtaining the prior written consent of Naviant; (v)
Customer shall be responsible for obligating Approved Third Parties to comply
with the terms of this Agreement, including, without limitation, the terms of
this Section and the Use Restrictions, to the extent applicable; (vi) Customer
shall be responsible for any improper use of the Licensed File by Approved Third
Parties; (vii) Customer shall not provide, or otherwise allow, the Licensed File
to be made available to any Approved Third Party prior to the execution by such
party of an agreement, satisfactory to Naviant, containing, among other things,
the applicable terms, permitted uses, use restrictions and confidentiality
provisions set forth in this Agreement; (viii) Customer hereby assigns to
Naviant any rights to any causes of action which relate to the improper use or
misappropriation of the Lisenced File under such agreements between Customer and
Approved Third Parties; and (ix), upon Naviant's election, Customer shall name
Naviant as a third party beneficiary to applicable agreement between Customer
and the Approved Third Party.

9. Customer shall not sell or license the Licensed File without the prior
written consent of Naviant.

                                      -13-

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