Document:

ex10-51separationheinen.htm

Exhibit 10.51

 

	
SEPARATION AGREEMENT AND GENERAL RELEASE

This Separation Agreement and General Release (the "Agreement") is made as of December 20, 2010 by and between Glowpoint, Inc. (the "Company") and Edwin F. Heinen ("Employee").

WHEREAS, Employee was employed at the Company as Chief Financial Officer until his reassignment, effective as of November 30, 2010;

WHEREAS, Employee and the Company are parties to that certain Amended and Restated Employment Agreement dated as of August 30, 2010 (the “Employment Agreement”); and

WHEREAS, the Company and Employee have reached certain agreements regarding the rights and obligations of the Company and Employee after the Effective Date (as defined below).

NOW, THEREFORE, in consideration of the promises and of the mutual covenants contained herein, and for other good and valuable consideration as described herein, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Continued Employment.

 

Since November 30, 2010, Employee has been employed by the Company in the position of interim Controller, assisting in the transfer of responsibilities to the Company’s new chief financial officer (the “Transition Services”).  As of the Effective Date, the Transition Services will be provided by Employee on an "at-will" basis, which means that such employment may be terminated, by Employee or by the Company, at any time and for any reason.

2. Separation Benefits and Accrued Wages.

       (a) Provided Employee (i) has not revoked this Agreement as set forth below in Section 3(f), (ii) has returned all Company Property (as defined below) upon termination of the Transition Services and (iii) is in full compliance with the terms of this Agreement and the Employment Agreement, then the Company shall provide Employee with the following benefits (collectively, the “Separation Benefits”):

         (i) Cash severance payments equal to twelve (12) months of his current base salary, which severance shall be paid as salary continuation in accordance with the Company’s regular payroll practices commencing with the payroll period immediately following January 1, 2011, less applicable taxes (the "Severance Payments"); provided, that notwithstanding the foregoing, in the event of a Change of Control or Corporate Transaction (as each is defined in the Company’s 2007 Stock Incentive Plan), the payment of all unpaid Severance Payments will be accelerated and become immediately due and payable upon the consummation of such Change of Control or Corporate Transaction;

          (ii) Notwithstanding the vesting provisions of any applicable equity grant agreement to the contrary, 15 months of accelerated vesting for all issued and outstanding shares of restricted stock and for all unvested options to purchase shares of Company common stock held by Employee (i.e., for purposes of vesting and such vesting only, the Company shall deem March 31, 2012 to be Employee’s termination date); and

          (iii) If Employee timely elects COBRA coverage, the Company will pay for COBRA coverage on Employee’s behalf (less the employee contribution portion, if any, immediately prior to such separation from service) until the earlier to occur of (A) the date that Employee is entitled to receive substantially similar health insurance coverage from another source and (B) the first anniversary of the date that Employee ceases to provide the Transition Services.

  

  

  

       (b) Notwithstanding the foregoing and even if Employee revokes this Agreement, the Company shall pay Employee all due and accrued wages and any unused paid-time-off (in accordance with the Employee Handbook in effect at the time) as of his employment termination date.  Further, as of and after the Effective Date, the Company shall continue to pay Employee’s current base salary (in addition to making the Severance Payments) for so long as Employee continues to provide the Transition Services.

       (c) Employee acknowledges and agrees that the Company does not make any representation or warranty as to whether the Separation Benefits satisfy the provisions of Section 409A of the Internal Revenue Code of 1986, as amended.

       (d) For purposes of this Section 2, the term “Company Property” shall mean all Company property and all material or documents containing confidential information (as defined in Section 5 of the Employment Agreement), including, without limitation, keys, credit cards, sound systems, stereo equipment, televisions, card access to any Company building, customer lists, computer disks, reports, files, memoranda, records and software, computer access codes or disks and instructional manuals, internal policies, and other similar materials or documents which you received or prepared or helped prepare in connection with your employment with the Company, but specifically excluding the laptop computer and cell phone currently in Employee’s possession, ownership of which Company shall transfer and convey to Employee as of the Effective Date without need for further act or deed.

3. Release of the Company.

       (a) Release.  Employee, his heirs, legal representatives and assigns (collectively, "Releasor") hereby waives, releases and forever discharges, and will not file or permit to be filed against the Company and its stockholders, directors, officers, agents, representatives, investors, employees and affiliates (separately and collectively, the "Company") any and all claims, counterclaims, demands, actions, causes of action, suits or liabilities of any nature whatsoever, whether known or unknown, which Releasor ever had, now has or hereafter can, shall or may have against the Company, for, upon, or by reason of any matter, cause or thing whatsoever, including, without limitation, the Employment Agreement, (collectively, the “Claims”) arising from the beginning of the world to the Effective Date (the “Release”).

       (b) Claims Included in this Release.  Releasor acknowledges that by executing this Release, Releasor is releasing any and all claims, whether or not related to Releasor's employment, including, without limitation, any form of legal claim, charge, complaint or any other form of action against the Company seeking any form of relief, including, without limitation, equitable relief (whether declaratory, injunctive or otherwise), the recovery of any damages or any other form of monetary recovery whatsoever (including, without limitation, back pay, front pay, compensatory damages, emotional distress damages, punitive damages, attorneys' fees and any other costs) (collectively, "Claims") against the Company, for any alleged action, inaction or circumstance existing or arising through the date Releasor signs this Release.  Without limiting the foregoing general waiver and release, Releasor specifically releases the Company from (and the Release is expressly deemed to include) any Claim arising from or related to Releasor's employment relationship with the Company or the termination thereof, including, without limitation:

          (i) Claims under any state or federal discrimination, fair employment practices or other employment related statute, regulation or executive order prohibiting discrimination or harassment based upon any protected status, including, without limitation, race, national origin, age, gender, marital status, disability, veteran status or sexual orientation.  Without limitation, specifically included in this paragraph are any Claims arising under:  the Age Discrimination in Employment Act, as amended; the Older Worker Benefits Protection Act; Title VII of the Civil Rights of 1964, as amended; Sections 1981 through 1988 of Title 42 of the United States Code; the Civil Rights Act of 1991; the Americans with Disabilities Act; the Rehabilitation Act; the Family and Medical Leave Act; the Fair Labor Standards Act; the Worker Adjustment and Retraining Notification Act; the National Labor Relations Act; the Fair Credit Reporting Act; the Uniformed Services Employment and Reemployment Act; the Employee Polygraph Protection Act; the Immigration Reform Control Act; the retaliation provisions of the Sarbanes-Oxley Act of 2002; the New Jersey Law Against Discrimination; the New Jersey Conscientious Employee Protection Act; the New Jersey Family Leave Act; the New Jersey Genetic Privacy Act; the New Jersey Fair Credit Reporting Act; and any similar or other federal or state statute;

  

  

  

          (ii) Claims under any other state or federal employment related statute, regulation or executive order relating to wages, hours or any other terms and conditions of employment.  Without limitation, specifically included in this paragraph are any Claims arising under:  the Fair Labor Standards Act; the Equal Pay Act; the Occupational Safety and Health Act; the Employee Retirement Income Security Act of 1974, as amended (excluding claims for accrued, vested benefits under any employee benefit plan of Glowpoint in accordance with the terms of such plan and applicable law); the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA); the New Jersey Wage and Hour Law; the New Jersey Equal Pay Law; the New Jersey Occupational Safety and Health Law; the New Jersey Smokers’ Rights Law; ; the retaliation provisions of the New Jersey Workers’ Compensation Law; and any similar or other federal or state statute; and

          (iii) Claims under any state or federal common law theory, including, without limitation, wrongful discharge, breach of express or implied contract, including, without limitation, any written offers of employment or employment agreements between Releasor and the Company, and all stock option or other equity compensation agreements or plans, promissory estoppel, unjust enrichment, breach of a covenant of good faith and fair dealing, violation of public policy, defamation, interference with contractual relations, intentional or negligent infliction of emotional distress, invasion of privacy, misrepresentation, deceit, fraud or negligence including, without limitation, any claims asserted or purported to be asserted on behalf of the Company as a shareholder arising through the Effective Date.

       (c) Claims Not Included in this Release. This Release shall not be construed to release any Claims accruing after the Effective Date.  Furthermore, nothing in this Release shall be construed to prevent Releasor from filing a claim with an administrative agency charged with the investigation of or enforcement of discrimination laws, nor shall Releasor be prevented from participating or assisting in the investigation of such claims.  However, in such event, the Company shall be permitted to rely upon this Release in all respects.

       (d) Acknowledgment and Delivery of Consideration.  Employee acknowledges and agrees that, but for providing this Release, Employee would not be receiving the consideration in the form of the Separation Benefits.

       (e) Advice to Seek Counsel/Understanding the Terms of this Release.  It is understood that Employee will have not less than 21 days to consider the terms of this Agreement.  It is the Company's desire and intent to make certain that Employee fully understands the provisions and effects of this Release.  To that end, Employee expressly acknowledges and agrees that (i) he has had ample opportunity to consult with an advisor for the purpose of reviewing the terms of this Release and (ii) if he executes this Agreement before the end of the 21-day period, then such early execution was completely voluntary.  Employee acknowledges that he understands the meaning and effect of this Release, he has had reasonable and sufficient time to review this Release, discuss it with an advisor, and is voluntarily signing it without duress or coercion on the date set forth above.

       (f) Right of Rescission/Effective Date. This Agreement will not become effective or enforceable until the eighth calendar day after Employee has signed it (such date, the "Effective Date").  Employee understands that if he wishes to revoke this Agreement for any reason or for no reason at all, he may do so during the first seven (7) calendar days following his signing it by delivering written notice of such revocation to Glowpoint, Inc., Attention:  General Counsel, at 225 Long Avenue, Hillside, New Jersey 07205, and the General Counsel or the Company must actually receive such notice of revocation no later than 11:59 p.m. on the seventh day following such signature.  Employee also understands that if no such notice of revocation is received by the date and time indicated, this Agreement shall become effective and enforceable as of the eighth day following his signing of it.

4. No Payments Due/Consideration.

       (a) Employee acknowledges that, except as specifically provided in this Agreement, no wages or any other reimbursements, buyouts or other payments of any kind or nature whatsoever are due to him from the Company.

 

  

  

  

       (b) Employee acknowledges that the Severance Payments are a special payment to which Employee might not otherwise be entitled and which is not normally provided by the Company, but is being given as special consideration for this Agreement.

       (c) Employee represents and warrants that he is not aware of any material non-public information concerning the Company, its business or its affiliates that he has not disclosed to the Company prior to the date of this Agreement or that is required to be disclosed by the Company in its filings under the Securities Exchange Act of 1934 with the Securities and Exchange Commission and that has not been so disclosed.

5. No Disparagement.

       (a) Employee on the one hand, and the Company's senior managers on the other, each represent that they will not in any way disparage the other, nor will the parties make or solicit any comments, statements, or the like to the media or others that may be considered derogatory or detrimental to the good name or reputation of the other.  For purposes of this Agreement, the term "disparage" shall mean any statement or representation that, directly or by implication, tends, in the minds of a reasonable audience, to create a negative impression about the subject of the statement or representation.

       (b) It is the Company's policy not to provide employment references except upon a prior written release from Employee.  If contacted by a future employer, absent such a release, the Company shall only provide Employee's title, dates of employment, and salary level.

6. Confidentiality.

 

Employee agrees not to disclose, either directly or indirectly, any information whatsoever regarding the existence or substance of this Agreement including specifically any of the terms of any monies paid hereunder.  This nondisclosure includes, but is not limited to, members of the media, present and former employees of the Company and other members of the public, but does not include an attorney or accountant or tax preparation service or financial advisor with whom Employee chooses to consult or seek advice regarding any aspect of this Agreement.  The making of this Agreement is not intended, and shall not be construed, as an admission that the Company has violated any federal, state or local law, ordinance or regulation, breached any contract, or committed any wrong whatsoever against Employee.  Further, this Agreement shall not be admissible in any proceeding, except to enforce the terms set forth herein.

7. Survival of Certain Employment Obligations.

 

Notwithstanding the covenants set forth in this Agreement, Employee shall observe Employee's post-employment covenants set forth in the Company's Employee Handbook and the Employment Agreement, including, without limitation, the negative covenants set forth in Sections 5 and 6 of the Employment Agreement.

8. Governing Law.

 

This Agreement shall be governed by the laws of the State of New Jersey and the parties in any action arising from this Agreement, including any claim of statutory discrimination, shall be submitted to arbitration that will be held in Newark, New Jersey, before a mutually agreed upon single arbitrator licensed to practice law and on the employment-arbitration panel of the American Arbitration Association (“AAA”).  The arbitrator shall follow the rules and procedures then in effect for the AAA from which he/she has been selected; and he/she shall have authority to award or grant legal, equitable, and declaratory relief.  For injunctive relief, it is agreed that a court of competent jurisdiction in the State of New Jersey, County of Essex may also entertain an application by either party.  Any award of the arbitrator shall be final and binding, subject only to any right of appeal or vacatur that is available under applicable law.  Employee hereby agrees that the existence of any such arbitration, as well as any decision, award or settlement and the terms thereof shall be confidential and shall not be disclosed to any third party except as required by law and except to Employee’s immediate family, attorney, financial advisor and tax advisor, and only then after securing their consent to keep such information confidential.

 

  

  

  

9. Miscellaneous.

       (a) Employee acknowledges that all of the agreements and warranties set forth above are material terms of this Agreement without which the Company would not provide the payments and other benefits discussed in this Agreement.  In addition to any other remedy available to the Company, in the event that Employee files a lawsuit or administrative charge relating to any claim released in this Agreement or materially violate one or more of these agreements and warranties, Employee agrees that any remaining payment obligations from the Company to Employee are null and void and, to the maximum extent permitted by law, that Employee must return to the Company all sums paid and other consideration granted to Employee pursuant to this Agreement.  Employee further agrees that, if it is determined by a court or arbitrator that Employee has materially breached any of the agreements and warranties above, the Company shall also be entitled to recover from Employee all costs and reasonable attorneys’ fees incurred as a result of its attempts to redress such breach or to enforce its rights and protect its legitimate interests.

       (b) The parties agree that no changes to this Agreement will be effective unless made in writing and signed by all parties wherein specific reference is made to this Agreement.  This Agreement sets forth the entire agreement between the parties hereto and fully supersedes any prior agreements or understandings between the parties (except as specifically set forth in this Agreement); provided, that in the event of a conflict between the terms of this Agreement and that of the Employment Agreement, this Agreement shall govern.  Employee also acknowledges that in deciding to enter into this Agreement, he has not received and is not relying on any representations, promises, or assurances of any kind other than those expressly set forth in writing in this Agreement.  In the event that any provision of this Agreement is held to be void or unenforceable by a court of competent jurisdiction, the remaining provisions of this Agreement will nevertheless be binding upon the parties as though the void or unenforceable part had been deleted.  This Agreement is binding upon, and shall inure to the benefit of, the parties and their respective heirs, executors, administrators, successors, and assigns, including the Company’s successor entity in the event of a sale or other change in control of the Company.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first written above.

	
Glowpoint, Inc.

By:                                                      

Name:  Joseph Laezza

Title:  President and CEO

	
Employee

By:                                                      

Name:  Edwin F. Heinen

Date:Exhibit 10.12

                 STRATEGIC ALLIANCE AND LICENSING AGREEMENT

   THIS STRATEGIC ALLIANCE AND LICENSING AGREEMENT is made as of March 14th,
2011, by and between the Monster Offers (MONT) P.O. Box 1092, Bonsall, CA
92003, a Nevada corporation and SSL5 (SSL5), 4625 West Nevso Dr., Suite 2 &
3, Las Vegas, NV  89103, a Nevada corporation.  MONT and SSL5 are sometimes
hereinafter referred to collectively as the "Parties" and individually as a
"Party".

                                  RECITALS

   WHEREAS, SSL5 has developed technology services pertaining to a mobile
financial services platform, which provides secure person-to-person mobile
money transfer services (herein called Existing SSL5 Intellectual Property or
SSL5 Services);

   WHEREAS, MONT has developed a technology platform and Deal of the Day
content aggregation service (herein called Existing MONT Intellectual
Property or MONT Services);

   WHEREAS, MONT and SSL5 desire to form a strategic alliance with respect to
the integration, use and commercialization of the MONT and SSL5 Existing
Intellectual Property to create new and derivative intellectual property to
introduce to various markets;

   WHEREAS, MONT agrees to obtain a license of the Existing SSL5 Intellectual
Property for the exclusive use of the strategic alliance.  As consideration
for the license, MONT will issue 3,000,000 of its unregistered restricted
shares to SSL5.

   WHEREAS, MONT agrees to establish a new company (NewCo) as a 100% owned
subsidiary of MONT, in the state of Nevada, and to contribute the license of
the Existing SSL5 Intellectual Property into the NewCo for its use and future
development of new and derivative intellectual property.

   WHEREAS, MONT and SSL5 agree that all new and derivative intellectual
property developed in conjunction with this Strategic Alliance and Licensing
Agreement shall be owned exclusively by NewCo.

   WHEREAS, MONT agrees to provide SSL5 with a consulting agreement, stock
options, and a seat on the MONT board of directors as consideration for
ongoing product strategy and development services.

   NOW, THEREFORE, in consideration of the mutual agreements, undertakings
and covenants herein and therein, the sufficiency of which is hereby
acknowledged, the Parties hereby agree as follows:

1.  NewCo Intellectual Property.  "NewCo Intellectual Property" shall mean
all new intellectual property developed, and derivative intellectual property
rights related to the resultant integration of MONT and SSL5 Services, or
derivatives thereof as developed or created by or within NewCo, or may be
developed or created by or within NewCo in the future.

2.  Existing SSL5 Intellectual Property.  The SSL5 Services developed prior
to entering this strategic alliance and prior to receiving the consideration
from MONT for a license for use in developing NewCo Intellectual Property.
For avoidance of doubt, this shall include the P2P money transfer service
owned by SSL5 known as www.MyZala.com.

3.  Existing MONT Intellectual Property.  The MONT Services developed prior
to entering this strategic alliance and prior to paying SSL5 the
consideration for an exclusive license for use in developing NewCo
Intellectual Property.  For avoidance of doubt, this shall include the daily
deal aggregation engine, deal search filter algorithms, database, email
notification system, social media communication platform, and the website
www.monsteroffers.com.

4.  Ownership of NewCo Intellectual Property.  The Parties hereto
acknowledge, recognize and agree that NewCo shall be the sole and exclusive
owner of the NewCo Intellectual Property developed or created by or within
NewCo.

a)  Licensing of the NewCo Intellectual Property.  The Parties agree to
cooperate to commercialize, utilize and exploit the NewCo Intellectual
Property for mutual benefit.

b)  Ownership of the NewCo . The parties agree that MONT will establish a new
company (NewCo) as a 100% owned subsidiary of MONT, in the state of Nevada.

c)  Revenue Distribution.  To the extent NewCo generates revenues from
licensing the NewCo Intellectual Property to third-parties; the revenue shall
be shared in accordance with the schedule set forth in Appendix A.

5.  Purpose.  MONT and SSL5 hereby enter into a strategic alliance (the
"Strategic alliance") with the following purpose:

a)  MONT and SSL5 agree to work jointly to fully scope out Deal of the Day
("DOTD") mobile application(s) and requirements to further develop and
enhance the SSL5 "MyZala platform" for use in the DOTD industry, and to
support co-branded offerings such as a MONT powered MyZala Prepaid Visa Card
or Master Card and MONT mobile application.

b)  MONT and SSL5 agree that business opportunities will be pursued jointly
as they are identified.

c)  MONT agrees to pay for the development costs associated with the NewCo
Intellectual Property to be developed per a Statement of Work ("SOW")
approved by MONT and SSL5.  MONT will be charged the actual costs for these
development efforts and SSL5 agrees not to "mark-up" these costs to the
extent SSL5 is carrying out the SOW for NewCo.

d)  MONT and SSL5 agree to share the cost of ongoing maintenance associated
with the NewCo Intellectual Property.

6.  Term.  The term of the Strategic alliance shall commence as of the
effective date of this Agreement and, unless sooner terminated in accordance
with the provisions of Clause 13 below, shall continue for the aggregate term
of any and all agreements relating to NewCo (the "Term").

7.  Exclusivity.  MONT and SSL5 agree to the following:

a)  SSL5 grants MONT a license of the SSL5 Existing Intellectual Property for
worldwide exclusive use in the Deal of the Day industry.  MONT will
contribute the license to NewCo.

b)  MONT will issue 3,000,000 unregistered restricted shares to SSL5 as
consideration for the exclusive license.

c)  SSL5 will include the MONT Services on the MyZala branded mobile
application as and when developed or integrated by NewCo.

d)  SSL5 will, on an exclusive basis offer its B2B partners and platform
licensees the option to include the MONT Services feed as part of any private
label derivative of the MyZala Service.

e)  MONT will, on an exclusive basis offer the SSL5 service in connection
with the MONT Services and will not otherwise utilize technology from any
SSL5 competitive service.

   This exclusivity specifically means that SSL5 will not enter into any
other relationship to provide its mobile financial services platform, or
derivatives thereof to any other company for the purpose of marketing,
selling or offering any type of daily deal, flash deal, weekly deal,
loyalty/rewards program, or special offer without the written agreement in
advance of MONT, excluding service provided through NewCo.

   Neither MONT nor SSL5 shall be exclusive to the strategic alliance and may
develop other businesses and engage in other activities that are separate and
apart from the strategic alliance and each other.  However, it is agreed that
MONT and SSL5 shall each devote as much time as shall be reasonably necessary
to fulfill his or its duties and obligations in connection with the strategic
alliance.

8.  Title.  Any and all property and assets that are created new as a result
of the strategic alliance and or NewCo Intellectual Property, as well as all
rights, including without limitation, all copyrights, trade names and
trademarks, in and to NewCo and all other business related to NewCo, and all
ancillary rights, shall be owned by and title held in the name of NewCo.  In
other words, NewCo will own the Intellectual Property rights to the NewCo
Intellectual Property.  MONT and SSL5 each agree to execute any assignment of
rights that is required to implement this provision.

9.  Contracts and Agreements.  All contracts or agreements to be entered into
by, on behalf of, or for the benefit of NewCo must be signed by a NewCo
executive.

10.  Formation and Name of Corporation.  Following the execution of this
Agreement, MONT shall form a Limited Liability Corporation (LLC) incorporated
in the State of Nevada ("Corporation") as a 100% owned subsidiary of MONT.
This LLC will be the legal corporate entity that will own, control, and
manage all rights in the business of the strategic alliance. The name of the
LLC shall be the (To Be Determined).

11.  Books, Records, and Bank Accounts.  MONT and SSL5 agree as follows:

a)  At all times during the term hereof, NewCo and SSL5 shall each keep or
cause to be kept, at their principal place of business or at such other place
as NewCo and SSL5 respectively may determine, books and accounting records
for the business and operations of NewCo and SSL5. Such books shall be open
to inspection by NewCo or SSL5, or their authorized representatives, during
reasonable working hours upon Fifteen (15) days advance written notice.  The
accounting for NewCo purposes, including the determination of "net profits"
and "net losses" shall be in accordance with generally accepted accounting
principles consistently applied.

b)  There shall be maintained for NewCo and SSL5 a detailed revenue share
accounting.

c)  NewCo shall be on a calendar year basis for accounting purposes (the "tax
year").  As soon after the close of each tax year as is reasonably practical,
a full and accurate accounting shall be made of the affairs of NewCo as of
the close of each tax year.

12.  Opportunities and Conflicts of Interest.  MONT and SSL5 may engage or
possess an interest in any other business of every kind, nature and
description, excepting ventures or enterprises which may be competitive in
nature with the strategic alliance and NewCo, and neither MONT, SSL5 or NewCo
shall have any rights in and to said business ventures, or to the income or
profits derived there from. For avoidance of doubt, The Parties acknowledge
that Miles Paschini, as a beneficial owner of SSL5 has a minority interest in
WCHL, a provider of core financial services to SSL5, which has customers
throughout the world in many facets of payment services. Activities, clients
and services offered by WCHL shall specifically be excluded from this clause
and any activity which may be deemed competitive to the Strategic Alliance.

13.  Termination.  The strategic alliance shall be terminated upon the first
to occur of the following:

1)  The expiration of the term referred to in Clause 2, above;

2)  Mutual agreement of MONT and SSL5, in writing, at any time during the
Term of this Agreement;

3)  Operation of law;

4)  Material breach of this Agreement by MONT, NewCo, or SSL5, which breach
is not cured within thirty (30) days after written notice thereof from the
non-defaulting party; provided, however, it is understood that only the non-
defaulting party shall have the right to terminate the Agreement pursuant to
this Clause 13.  Such termination shall not release the defaulting party from
any obligations or liabilities to the other party, whether pursuant to the
provisions of this Agreement or at law or in equity.

14.  Warranties and Indemnifications.

a)  MONT and SSL5 hereby warrants and represents to the other that he or it:

1.  Has the right and capacity to enter into this Agreement;

2.  Shall not assign, mortgage, hypothecate or encumber his or its interest
in the strategic alliance without the written consent of the other party:

3.  Shall not incur any cost, expense, liability or obligation in the name or
on the credit of the other party without the written consent of the other
party;

b)  MONT and SSL5 hereby indemnifies and holds harmless each other from and
against any and all claims, liabilities, damages and costs (including but not
limited to reasonable attorneys' fees and court costs) arising from any
breach by such party of any representation, warranty, or agreement made by
such party hereunder.

15.  Notices.  All such notices which MONT or SSL5 is required or may desire
to serve hereunder shall be in writing and shall be served by personal
delivery to the other party or by prepaid registered or certified mail
addressed to the party at their respective addresses, or at such other
address as the parties may from time to time designate in writing, or by
facsimile with written verification of receipt.

16.  Arbitration. Any controversy or dispute arising out of or relating to
the strategic alliance or the breach or alleged breach of any provision of
this Agreement shall be settled by arbitration, in accordance with the rules
of the American Arbitration Association and judgment upon the award rendered
by the arbitrator may he entered in any court having jurisdiction thereof.
The prevailing party in any such arbitration shall be entitled to recover
from the other party reasonable attorney fees and costs incurred in
connection therewith.  The determination of the arbitrator in such proceeding
shall be final, binding and non-appealable.  Nothing contained in this clause
shall preclude any party from seeking and obtaining any injunctive or other
provisional remedy available in a court of law.

17.  Governing Law.  This Agreement shall be construed, interpreted and
enforced in accordance with the laws of the State of Nevada applicable to
agreements executed and to be wholly performed within such state.

18.  No Waiver. No waiver by any party hereof of any failure by any other
party to keep or perform any covenant or condition hereof shall be deemed a
waiver of any preceding or succeeding breach of the same or any other
covenant or condition.

19.  Amendment. This Agreement may not be amended or changed except by a
written instrument duly executed by both MONT and SSL5.

20.  Entire Agreement. This Agreement contains the sole and only agreement of
MONT and SSL5 relating to the strategic alliance and correctly sets forth the
rights, duties and obligations of each to the other as of its date.  Any
prior agreements, promises, amendments, negotiations or representations not
expressly set forth in this Agreement are of no force and effect.

   IN WITNESS WHEREOF, the Parties hereto have set their hands as of the date
first set forth above.

Monster Offers                        SSL5

/s/ Paul Gain                         /s/ Miles Paschini
---------------------------------     -----------------------------------
By: Paul Gain                         By: Miles Paschini
Title: President and Chairman         Title: Chief Executive Officer

<PAGE>

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