Document:

Consulting Services Agreement

     

    Exhibit
      10.1

     

    
      CONSULTING
        SERVICE AGREEMENT

      

      This
        Consulting Service Agreement (this “Agreement”)
        is
        made this 26th day of April, 2007 (the “Commencement
        Date”)
        by and
        between MTM Technologies, Inc. (the “Company”),
        with
        offices at 1200 High Ridge Road, Stamford, CT, 06905, Francis J. Alfano
        (“FJA”)
        and
        Tory Ventures LLC (the “Consultant”),
        each
        of which has an address c/o Shechtman Halperin Savage LLP, One North Broadway,
        Suite 1004, White Plains, NY 10601.

       

      
        	
                1.

              	
                Engagement.

              

      

       

      The
        Company hereby engages Consultant to render to the Company the services
        described in Section 2 of this Agreement, during the term described in Section
        3
        of this Agreement. 

       

      
        	
                2.

              	
                Services.

              

      

       

      The
        scope
        of the services to be performed by Consultant will consist of advice and
        consultation regarding the business and operations of the Company, as
        the
        Company and the Consultant shall agree upon from time to time (together,
        the
“Services”),
        provided that this Agreement shall not require Consultant to make any minimum
        time commitment to providing Services to the Company. All of the Services
        shall
        be performed exclusively by FJA. FJA may perform the Services from a remote
        location. FJA will cooperate with reasonable requests of the Company in
        transitioning relationships with vendors and customers of the Company and
        taking
        such other actions as the Company may reasonably request, including, without
        limitation, appearing and providing testimony on behalf of the Company in
        judicial, arbitral and administrative proceedings; provided the Company agrees
        to reimburse FJA’s documented, out-of-pocket expenses incurred in connection
        with such cooperation in accordance with Section 4 of this
        Agreement.

       

      
        	
                3.

              	
                Term
                  and Termination.

              

      

       

      (a)   This
        Agreement will be effective, and Consultant will provide the Services,
        commencing on the Commencement Date, and continuing thereafter through and
        including June 30, 2009, (the “Term”).
        

       

      (b)   This
        Agreement may be terminated by the parties prior to its expiration, as
        follows:

       

      (i)    By
        the
        Company:  If Consultant or FJA (1) commits willful or grossly negligent
        acts to the substantial detriment of the Company; (2) breaches any provision
        of
        Section 7 of the Employment Agreement between FJA and the Company, dated
        as of
        June 28, 2006 (the “Employment
        Agreement”),
        as
        modified by the Agreement and General Release made on the date hereof by
        the
        Company and FJA (the “Release
        Agreement”)
        or (3)
        breaches any material term or provision of this Agreement or the Release
        Agreement and, in the case of (1), (2) or (3), such act or breach is not
        cured
        within ten (10) days after the Company gives FJA or Consultant written notice
        complaining of such act or breach. 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (ii)   By
        Consultant:  If the Company breaches any material term or provision of this
        Agreement or the Release Agreement and such breach is not cured within ten
        (10)
        days after FJA or Consultant gives the Company written notice complaining
        of
        such breach; provided,
        however
        that
        with respect to a failure by the Company to make payments hereunder such
        cure
        period shall be five (5) days after written notice thereof.

       

      (c)   This
        Agreement and Consultant’s Services hereunder will terminate automatically upon
        Consultant’s death. In such event, the Company shall pay to Consultant’s estate
        all compensation that would have been owed to Consultant under this Agreement
        through the Term of this Agreement, had Consultant lived. Such compensation
        shall be paid in accordance with Section 4(a) of this Agreement.

       

      
        	
                4.

              	
                Compensation
                  and Other Benefits.

              

      

      

        (a)   Compensation. 
          For services rendered under this Agreement, the Company will pay Consultant
          (i)
          a signing bonus of Fifty-Eight Thousand, Three Hundred and Thirty-Three
          Dollars
          and Thirty-Three Cents ($58,333.33) on May 15, 2007 in accordance with
          the
          normal payroll practices of the Company and (ii) fees at the rate of Twenty-Nine
          Thousand, One Hundred and Sixty-Six Dollars And Sixty-Seven Cents ($29,166.67)
          per month, payable in arrears in twice monthly payments of Fourteen Thousand,
          Five Hundred and Eighty Three Dollars and Thirty-Three Cents ($14,583.33)
          with
          the initial payment on May 15, 2007 in accordance with the normal payroll
          practices of the Company, provided
          that a
          lump sum payment on March 31, 2008 shall be made which shall include fees
          from
          April 1, 2008 through March 31, 2009. No fee shall be payable with respect
          to
          services under this Agreement from April 1, 2009 to June 30, 2009. Upon
          a
“change of control” of the Company all compensation under this Agreement shall
          become immediately due and payable; provided, however, that the March 31,
          2008
          payment shall, in no event be paid to Consultant prior to the date that
          is six
          months following the date hereof. . For the purposes of this Agreement,
“change
          of control” shall have the meaning given such term in Section 409A of the
          Internal Revenue Code and the regulations promulgated thereunder. 

         

        (b)   Other
          Benefits. 
          The
          Consultant shall be provided telephonic, voicemail, e-mail and other such
          services as may be determined by the Company during the Term, provided
          that such
          services are to be used by Consultant for the purpose of providing Services
          under this Agreement.

         

        (c)   Expenses. 
          During the Term, the Company shall not be obligated to reimburse the Consultant
          for any business expenses Consultant incurs in the performance of the Services,
          unless the Company, in its sole discretion, approves reimbursement of such
          business expenses, in advance, and in writing.

         

        (d)   Stock
          Options. 
          The Options will be treated in accordance with Section 8(b)(i) of the Stock
          Option Award Agreements dated June 28, 2006, April 15, 2005 and May 21,
          2004 and
          the and Restricted Stock Units will be treated in accordance with Section
          6(b)(i) Restricted Stock Unit Award Agreement dated April 15, 2005.

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        (e)   Payments. 
          All fees payable by the Company under the terms of this Agreement shall
          be paid
          to Consultant. Consultant has provided to the Company a complete and fully
          executed IRS Form W-9. The Company will provide Consultant with a Form
          1099
          reflecting the fees paid to Consultant pursuant to this Agreement during
          each
          affected tax year. Payments made under Section 4(a) and Section 4(b) of
          this
          Agreement shall be made by wire transfer of immediately available funds
          to such
          account as designated in writing from time to time by the Consultant to
          the
          Company.

         

        (f)   Acceleration
          of Payments. 
          If the Company fails to make any payment under this Agreement or the Release
          Agreement within five (5) days of the date it is required to be made, or
          if the
          Consultant terminates this Agreement pursuant to Section 3(b)(ii), the
          Consultant shall have the right, by written notice to the Company, to declare
          all unpaid compensation under Section 4(a) of this Agreement and under
          Section
          4(a) of the Release Agreement to be immediately due and payable, and the
          Company
          shall pay such unpaid compensation within five (5) days of receipt of such
          notice; provided, however, that the March 31, 2008 payment shall, in no
          event be
          paid to Consultant prior to the date that is six months following the date
          hereof. 

      

       

      
        	
                5.

              	
                Independent
                  Contractor.

              

      

       

      The
        relationship between the Company and each of FJA and Consultant is that of
        independent contractors, and the Company and each of FJA and Consultant will
        represent, and will cause its officers, employees, agents and representatives,
        if any, to represent to third parties that each of FJA’s and Consultant’s
        capacity hereunder is that of a “consultant” or “advisor”. No party will be the
        agent of the other for any purpose whatsoever, have power or authority to
        make
        or give any promise, to execute any contract or otherwise create, or to assume
        any liability or obligation in the name of or on behalf of any other party.
        No
        party will misrepresent, and each party will cause its officers, employees,
        agents and representatives, if any, not to misrepresent, to any third party
        that
        it has any power or authority which is denied to it by the preceding sentence.
        The making of any such misrepresentation is a breach of a material term of
        this
        Agreement, is not capable of cure, and is sufficient reason for termination
        of
        this Agreement pursuant to Section 3(b)(i). As an independent contractor,
        neither FJA nor Consultant will (except as otherwise provided in the Release
        Agreement and this Agreement) be entitled to participate in any
        Company-sponsored employee benefits programs. Each of FJA and Consultant
        will be
        wholly and fully responsible for any taxes owed to any governmental authority
        with respect to the fees set forth in Section 4 of this Agreement. Each of
        FJA
        and Consultant represents and warrants that FJA and Consultant will pay any
        such
        taxes as and when due.

       

      
        	
                6.

              	
                Assignment.

              

      

       

      This
        Agreement is personal to the parties hereto and neither party may assign
        its
        rights or delegate its obligations hereunder without the prior written consent
        of the other party, which may be withheld without cause or explanation; provided
        that Consultant may assign the right to receive payments under this Agreement
        to
        FJA or to any corporation or other entity which is wholly-owned by FJA or
        Consultant. Any purported assignment or delegation in violation of this Section
        shall be void.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                7.

              	
                Notice.

              

      

       

      All
        notices, requests and other communications pursuant to this Agreement shall
        be
        in writing and shall be deemed effective upon (a) personal delivery, if
        delivered by hand, (b) the next business day, if sent by a prepaid overnight
        courier service, or (c) three days after the date of deposit in the mails,
        if
        mailed by registered or certified mail, and in each case addressed as
        follows:

       

      
        	 	
                If
                  to FJA or Consultant:

              	
                Francis
                  J. Alfano

                c/o
                  Shechtman Halperin Savage LLP

                One
                  North Broadway, Suite 1004

                White
                  Plains, NY 10601

                Attn:
                  Bruce S. Klein, Esq.

                 

              
	 	
                With
                  a copy to:

              	
                Bruce
                  S. Klein, Esq.

                Shechtman
                  Halperin Savage LLP

                One
                  North Broadway, Suite 1004

                White
                  Plains, NY 10601

                 

              
	 	
                If
                  to the Company:

              	
                MTM
                  Technologies, Inc.

                1200
                  High Ridge Road, Stamford, CT, 06905

                Stamford,
                  Connecticut 06905

                Attn.:
                  Chief Executive Officer

                Attn.:
                  General Counsel

                 

              
	 	
                With
                  a copy to:

              	
                E.
                  Ann Gill, Esq.

                Thelen
                  Reid Brown Raysman & Steiner LLP

                875
                  Third Avenue

                New
                  York, New York 10022-6225

              

      

      

      Either
        party may change the address to which notices to such party are to be sent
        by
        giving notice of such change of address in the manner provided by this Section
        7.

       

      
        	
                8.

              	
                Waiver
                  of Breach.

              

      

       

      Any
        waiver of any breach of this Agreement shall not be construed to be a continuing
        waiver or consent to any subsequent breach on the part either of Consultant
        or
        of the Company.

       

      
        	
                9.

              	
                Severability.

              

      

       

      To
        the
        extent any provision of this Agreement or portion thereof shall be invalid
        or
        unenforceable, it shall be considered deleted therefrom and the remainder
        of
        such provision and of this Agreement shall be unaffected and shall continue
        in
        full force and effect and this Agreement shall be construed to the greatest
        extent possible to carry out the intent of the parties hereto.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                10.

              	
                Counterparts.

              

      

       

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

       

      
        	
                11.

              	
                Governing
                  Law.

              

      

       

      This
        Agreement shall be construed, interpreted and enforced in accordance with
        the
        laws of the State of Connecticut, without giving effect to the choice of
        law
        principles thereof.

       

      
        	
                12.

              	
                Entire
                  Agreement. 

              

      

       

      This
        Agreement contains the entire agreement between the Company, FJA and Consultant
        with respect to Consultant’s provision of services to the Company.

       

      
        	
                13.

              	
                Amendment.

              

      

       

      No
        provision of this Agreement may be canceled or amended by the parties hereto
        except by an instrument in writing signed on behalf of each of the parties
        hereto. A provision of this Agreement may be waived only by a written instrument
        signed by the party against whom or which enforcement of such waiver is
        sought.

       

      
        	
                14.

              	
                Dispute
                  Resolution.

              

      

       

      (a)   Except
        as
        specifically provided herein, any dispute or controversy arising under or
        in
        connection with this Agreement shall be, upon the demand of either party,
        subject to a non-binding mediation proceeding before a mediator on the panel
        of
        the CPR Institute for Dispute Resolution, such mediator to be agreed upon
        by the
        parties. 

       

      (b)   If
        a
        mediator is not agreed upon or if mediation is not successful, any dispute
        or
        controversy between the Company and Consultant arising under or in connection
        with this Agreement (except any claim by the Company relating to Consultant’s
        breach of Section 7 of the Employment Agreement, as modified by the Release
        Agreement) shall be settled by binding arbitration before a single arbitrator
        in
        Stamford, CT pursuant to the Employment Dispute Resolution Rules of the American
        Arbitration Association (“AAA”). Each party shall bear its own costs, expenses
        and fees, including, without limitation, attorneys’ fees and experts’ fees with
        respect to any such arbitration. The parties shall share equally the fees
        of the
        arbitrator and the AAA. Judgment upon any resulting arbitration award may
        be
        entered in any court of competent jurisdiction.

       

      (c)   Neither
        party shall be required to mediate or arbitrate any dispute arising between
        it
        and the other party relating to any breach of Section 7 of the Employment
        Agreement, as modified by the Release Agreement, but shall have the right
        to
        institute judicial proceedings in the United States District Court or in
        a state
        court having jurisdiction in Stamford, Connecticut, with respect to such
        dispute
        or claim. Each party hereby consents to, and waives any objection to, the
        personal jurisdiction and venue of the aforesaid courts,

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      and
        waives any claim that the aforesaid courts constitute an inconvenient forum
        and
        any right to trial by jury. If such judicial proceedings are instituted,
        the
        parties agree that such proceedings shall not be stayed pending the outcome
        of
        any arbitration proceedings hereunder.

       

      
        	
                15.

              	
                Insider
                  Trading.

              

      

       

      Consultant
        acknowledges and agrees that he is subject to the terms and conditions of
        the
        Company’s Insider Trading Policy, as the same exists from time to time, and that
        he will comply with the terms of such policy during the period beginning
        on the
        Commencement Date and ending ninety (90) days thereafter.

       

      
        	
                16.

              	
                Other
                  Activities.

              

      

       

      Subject
        to the restrictions imposed upon Consultant by the provisions of Section
        7 of
        the Employment Agreement, as modified by the Release Agreement, the parties
        agree that Consultant may enter into agreements to provide consulting services
        to other persons or entities.

       

      
        	
                17.

              	
                Resignation
                  from the Board of Directors.

              

      

       

      FJA
        hereby resigns from the Board of Directors of the Company.

       

      
        	
                18.

              	
                Attorneys’
                  Fees. 

              

      

       

      The
        Company agrees to reimburse the Consultant and FJA for fees and expenses
        of
        counsel in connection with the negotiation of this Agreement and the Release
        Agreement in an amount not to exceed $5,000. Such reimbursement shall be
        made on
        May 15, 2008; provided, that the Company has received a copy of the invoice
        therefor. If the Company is found, by a final judgment of a court of competent
        jurisdiction, which judgment is not subject to appeal, to have breached this
        Agreement or the Release Agreement in a manner that is materially detrimental
        to
        the Consultant or FJA, the Company agrees to reimburse the Consultant and
        FJA
        for fees and expenses of counsel incurred in obtaining such judgment in an
        amount not to exceed $10,000. 

       

      IN
        WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
        date
        first written above.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                MTM
                  TECHNOLOGIES, INC.

                 

                 

              	 	 	 
	
                By:

              	/s/
                Jay W. Braukman III	 	
                /s/
                  Francis J. Alfano

              
	 	
                Name:
                  Jay W. Braukman III

                Title:  
                  Chief Financial Officer

              	 	
                 FRANCIS
                  J. ALFANO

              
	 	 	 	 	 
	 	 	 	
                TORY
                  VENTURES LLC

                 

                 

              
	 	 	 	
                By:

              	
                /s/
                  Francis J. Alfano

              
	 	 	 	 	
                Name:
                  Francis J. Alfano

                Title:  
                  MemberRelease Agreement

     

    Exhibit
      10.2

     

    
      AGREEMENT
        AND GENERAL RELEASE

       

      This
        Agreement and General Release (the “Agreement”)
        is
        made as of the 26th day of April, 2007 (the “Effective
        Date”),
        at
        Stamford, CT, by and between MTM Technologies, Inc. (the “Company”),
        with
        offices at 1200 High Ridge Road, Stamford, CT, 06905, and Francis J. Alfano
        (the
“Executive”),
        having an address c/o Shechtman Halperin Savage LLP, One North Broadway,
        Suite
        1004, White Plains, NY 10601.

       

      WHEREAS,
        the Company and Executive are parties to an Employment Agreement dated as
        of
        June 28, 2006 (the “Employment
        Agreement”);
        and

       

      WHEREAS,
        during the month of March, 2007, the Company and Executive engaged in
        discussions regarding the various responsibilities and lines of reporting
        for
        the Company’s executive level employees, including the ongoing roles of various
        Company executives, including Executive; and

       

      WHEREAS,
        during the month of March, 2007, the Company and Executive reached an agreement
        in principle regarding the departure of Executive from the Company;
        and

       

      WHEREAS,
        the Company and Executive desire to document such agreement in principle;
        and

       

      WHEREAS,
        the Company, Executive and Tory Ventures LLC are entering into a Consulting
        Service Agreement made on the date hereof (the “Consulting
        Agreement”);
        and

       

      WHEREAS,
        the parties do now desire to settle fully and finally any and all differences
        between them, including, but not limited to, any differences that might arise
        out of Executive’s employment with the Company and the conclusion
        thereof;

       

      NOW,
        THEREFORE, IT IS AGREED THAT:

       

      1.    Executive’s
        employment with the Company ended or will end effective at the close of business
        on the Effective Date, and the Employment Agreement will be deemed to have
        terminated as of the Effective Date. Except as provided in the Consulting
        Agreement, Executive acknowledges and agrees that Executive will not be
        reemployed by the Company, and Executive will not accept, apply for, or
        otherwise seek employment with the Company or its controlling shareholders,
        subsidiaries or related companies at any time without giving such party prior
        notice of this Agreement.

       

      2.    Executive
        acknowledges and agrees that the Company has paid to Executive all of
        Executive’s wages, commissions, bonuses, and accrued vacation pay, and that the
        Company owes Executive no other wages, commissions, bonuses, vacation pay,
        employee benefits, or other compensation or payments of any kind or nature,
        other than as provided in this Agreement or the Consulting Agreement.

       

      3.    (a)   Except
        as
        provided in Paragraph 3(c) below, Executive
        represents and warrants that Executive has returned to the Company any and
        all
        documents, software, equipment (including, but not limited to, computers
        and
        computer-related items), Company credit cards, and all other materials or
        other
        things in Executive’s possession, custody, or control

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      which
        are
        the property of the Company, including, but not limited to, any Company
        identification, keys, and the like, wherever such items may have been located;
        as well as all copies (in whatever form thereof) of all materials relating
        to
        Executive’s employment, or obtained or created in the course of Executive’s
        employment, with the Company or any predecessor of the Company.

       

      (b)   Except
        as
        provided in Paragraph 3(c) below, Executive
        hereby
        represents that, other than those materials Executive has returned to the
        Company pursuant to Paragraph 3(a), above, Executive has not copied or caused
        to
        be copied, and has not printed-out or caused to be printed-out, any software,
        computer disks, or other documents other than those documents generally
        available to the public, or retained any other materials originating with
        or
        belonging to the Company, and that Executive will not do so. Except as provided
        in Paragraph 3(c) below, Executive further represents that Executive has
        not
        retained and will not retain in Executive’s possession any software, documents
        or other materials in machine or other readable form, which are the property
        of
        the Company, originated with the Company, or were obtained or created in
        the
        course of Executive’s employment, or relate to Executive’s employment, with the
        Company or any predecessor of the Company.

       

      (c)   The
        Company and Executive agree that Executive may retain possession of the
        Company’s laptop computer, together with peripheral equipment thereto currently
        located in Executive’s office, including, but not limited to, a docking station,
        monitor, mouse, printer and cables (collectively, the “Laptop
        Equipment”).
        The
        Company acknowledges and agrees that the BlackBerry wireless handheld device
        (the “Blackberry”)
        and
        the cellular telephone that are currently in Executive’s possession are owned by
        Executive. Notwithstanding the foregoing, within thirty (30) days following
        the
        Effective Date of this Agreement, Executive shall return the Laptop and the
        BlackBerry to the Company so that the Company can delete from the Laptop
        and the
        BlackBerry all Company software, computer programs, and confidential and
        proprietary information of the Company. After making such deletions, the
        Company
        will return the Laptop and the BlackBerry to Executive. 

       

      4.    As
        consideration for this Agreement and in full, final, and complete settlement:
        

       

      
        (a)    The
          Company shall pay Executive a lump sum payment, not otherwise owed to Executive,
          in the gross amount of Twenty-Nine Thousand, One Hundred and Sixty-Six
          Dollars
          And Sixty-Seven Cents ($29,166.67), less applicable federal, state and
          local
          taxes and other payroll deductions, and in accordance with the Company’s normal
          payroll practices on May 15, 2007.

         

        (b)    Other
          Benefits. 
          During the period from the date hereof to June 30, 2009 at the cost of
          the
          Company, Executive will be entitled to a continuance of coverage under
          all
          health, life, disability and similar employee benefit plans and programs
          of the
          Company on the same basis as Executive was entitled to participate immediately
          prior to the date hereof, provided that Executive’s continued participation is
          possible under the general terms and provisions of such plans and programs.
          In
          the event that Executive’s participation in any such plan or program is barred
          for any reason, the Company shall arrange to provide Executive with benefits
          substantially similar to those which Executive would otherwise have been
          entitled to receive under such plans and programs from which his continued
          participation is barred, provided however, that the aggregate cost of providing
          benefits to Executive pursuant to this Section 4(b) shall not be materially
          increased as a result of providing such alternative coverage.

         

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

         

        On
          and
          after June 30, 2009, Executive shall be entitled to any rights guaranteed
          by the
          Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
          (“COBRA”).
          Premium and other payments required for continued health insurance coverage
          under COBRA will be Executive’s sole responsibility. In the event that Executive
          is covered under substitute benefit plans of another employer prior to
          June 30,
          2009, the Company will no longer be obligated to continue the respective
          coverages provided for in this Section 4(b). 

      

       

      5.    In
        further consideration of this Agreement and the mutual promises set forth
        herein, Executive and the Company shall enter into a Consulting Service
        Agreement, in the form annexed hereto as Exhibit A
        (the
“Consulting
        Agreement”).

       

      6.    (a)   Executive,
        in consideration of the monies and other consideration paid to Executive
        pursuant to this Agreement, releases and forever discharges
        the
        Company and its current, former, and future shareholders, members, subsidiaries,
        affiliates, related companies, divisions, directors, trustees, officers,
        employees, agents, attorneys, successors, and assigns (and the current, former
        and future shareholders, members, directors, trustees, officers, employees,
        agents, and attorneys of such shareholders, members, subsidiaries, affiliates,
        related companies and divisions), and all persons acting by, through, under,
        or
        in concert with any of them (the Company and the foregoing other persons
        and
        entities are hereinafter defined separately and collectively as the
“Company
        Releasees”),
        from
        all actions, causes of action, claims, and demands whatsoever, whether known or unknown,
        in law
        or equity, whether statutory or common law, whether federal, state, local,
        or
        otherwise, including, but not limited to, any claims related to, or arising
        out
        of any aspect of Executive’s employment with the Company, any agreement
        concerning such employment, or the conclusion of such employment, including,
        but
        not limited to, any and all claims of or for: wrongful discharge or breach
        of
        contract; equitable estoppel; employee benefits, including, but not limited
        to,
        under the Employee Retirement Income Security Act of 1974, as amended, or
        the
        Family and Medical Leave Act of 1993; employment discrimination on any basis
        or
        unlawful retaliation, including, but not limited to, under Title VII of the
        Civil Rights Act of 1964, as amended; the Age Discrimination in Employment
        Act
        of 1967, as amended (“ADEA”);
        the
        Civil Rights Act of 1866; 42 U.S.C. § 1981, as amended; the Americans With
        Disabilities Act of 1990, as amended; the Civil Rights Act of 1991, as amended;
        the Immigration Reform and Control Act of 1986, as amended; the New York
        State
        Human Rights Law, as amended; the New York City Human Rights Law, as amended;
        the Connecticut Human Rights And Opportunities Law, as amended; and any claim
        for attorneys’ fees, experts’ fees, disbursements, or costs; which against the
        Company Releasees, Executive, Executive’s heirs, executors, administrators, or
        assigns ever had, now have, or hereafter may have, by reason of any matter,
        cause, or thing whatsoever from the beginning of the world to the date of
        Executive’s execution of this Agreement. Notwithstanding the foregoing, the
        Executive does not release or discharge actions, causes of action, claims
        or
        demands under this Agreement or the Consulting Agreement.

       

      (b)   The
        Company, in further consideration of this Agreement, releases and forever
        discharges Executive and his respective heirs, executors, administrators,
        successors, and assigns (Executive and the foregoing other persons are
        hereinafter defined separately and collectively as the “Executive
        Releasees”),
        from
        all actions, causes of action, suits, debts, dues, sums of money, accounts,
        reckonings, bonds, bills, specialties, covenants, contracts, controversies,
        agreements, promises, variances, trespasses, damages, judgments, executions,
        claims, and demands whatsoever, whether known or unknown, in law or equity,
        whether

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

         

      

      statutory
        or common law, whether federal, state, local, or otherwise, including, but
        not
        limited to, any claims related to, or arising out of any aspect of Executive’s
        employment with the Company, or the termination of such employment, and all
        agreements concerning such employment. Notwithstanding the foregoing, the
        Company Releasees do not release Executive from (i) any claims related to
        fraud,
        criminal activity, or any claims which may arise out of the provisions that
        survived the termination of his Employment Agreement pursuant to Paragraph
        12 of
        this Agreement, or that are related to the surviving agreements that are
        referenced in Paragraph 12 of this Agreement (hereinafter defined, separately
        and collectively, as the “Claims”)
        or
        (ii) actions, causes of action, claims or demands under this Agreement or
        the
        Consulting Agreement. The Company represents that, as of the Effective Date of
        this Agreement, the members of the Company’s Board of Directors as of the
        Effective Date of this Agreement and the following Company employees have
        no
        actual knowledge of a factual basis for any such Claims by the Company against
        Executive: Steven Stringer; Jay Braukman, John F. Kohler, Esq. and David
        J.
        Shimp.
        

       

      7.    (a)   Except
        as
        otherwise provided in Paragraphs 7(b) and 16 of this Agreement, Executive
        represents and warrants that Executive has never commenced or filed, and
        covenants and agrees never to commence, file, aid, or in any way prosecute
        or
        cause to be commenced or prosecuted against the Company Releasees, or any
        of
        them, any action, charge, complaint, or other proceeding, whether
        administrative, judicial, legislative, or otherwise, including, but not limited
        to, any action or proceeding for attorneys’ fees, experts’ fees, disbursements,
        or costs, based upon or seeking relief on account of actions or failures
        to act
        by the Company Releasees, or any of them, which may have occurred or failed
        to
        occur before Executive’s execution of this Agreement; provided,
        however,
        that
        Executive may enforce his rights under this Agreement and the Consulting
        Agreement and the rights of Tory Ventures LLC under the Consulting
        Agreement.

       

      (b)   Executive
        further acknowledges, represents, and warrants that Executive has not reported
        any purported improper, unethical or illegal conduct or activities to any
        supervisor, manager, department head, Human Resources representative, Corporate
        Compliance representative, agent or other representative of the Company or
        to
        any member of the Company’s legal or compliance departments, and Executive has
        no knowledge of any such improper, unethical or illegal conduct or activities.
        Notwithstanding the foregoing, nothing in this Agreement shall prohibit or
        restrict Executive from (i) making any disclosure of information required
        by
        law; (ii) providing information to, or testifying or otherwise assisting
        in any
        investigation or proceeding brought by any federal, state or local regulatory
        or
        law enforcement agency or legislative body, any self-regulatory organization,
        or
        the Company’s legal or compliance departments; or (iii) testifying,
        participating in or otherwise assisting in a proceeding relating to an alleged
        violation of the Sarbanes-Oxley Act of 2002, or any federal, state or municipal
        law relating to fraud or any rule or regulation of the Securities and Exchange
        Commission, or any self-regulatory organization.

       

      8.    Executive
        represents and warrants that Executive has not assigned and will never assign
        any claim based on or arising out of any alleged discriminatory, unlawful,
        wrongful, tortious, or other conduct against Executive by the Company Releasees,
        or any of them, including, but not limited to, any and all claims for attorneys’
fees, experts’ fees, or damages resulting as a consequence thereof, based upon
        or seeking relief on account of actions or failures to act by the Company
        Releasees, which may have occurred or failed to occur before Executive’s
        execution of this Agreement and that in the event any such claim is filed
        or
        prosecuted by any

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      other
        person or entity, Executive will reasonably cooperate with the Company
        Releasees, and will use reasonable efforts to withdraw Executive’s name and to
        disassociate Executive completely from any such claim, will request such
        person
        or entity to withdraw such claim with prejudice, and except as may be required
        by law or a lawfully issued subpoena, will not voluntarily cooperate with
        or
        testify on behalf of the person or entity prosecuting such claim.

       

      9.    (a)   Executive
        agrees, warrants, and represents that he will not disclose facts relating
        to or
        disparage, denigrate, or otherwise demean the Company or any of the other
        Company Releasees, or their business, operations, personnel, policies or
        procedures, to any person, firm, corporation, governmental agency, or other
        entity; provided,
        however,
        that
        notwithstanding the foregoing, nothing in this Agreement shall prohibit or
        restrict Executive from (i) making any disclosure of information required
        by
        law; (ii) providing information to, or testifying or otherwise assisting
        in any
        investigation or proceeding brought by any federal, state or local regulatory
        or
        law enforcement agency or legislative body, any self-regulatory organization,
        or
        the Company’s legal or compliance departments; (iii) testifying, participating
        in or otherwise assisting in a proceeding relating to an alleged violation
        of
        the Sarbanes-Oxley Act of 2002, or any federal, state or municipal law relating
        to fraud or any rule or regulation of the Securities and Exchange Commission,
        or
        any self-regulatory organization; or (iv) providing information to any federal,
        state, or local regulatory or law enforcement agency or legislative body,
        any
        self-regulatory organization, the Company’s legal, human resources, or
        compliance departments, or the Company’s outside counsel, in connection with the
        Company’s investigation of, or defense of, any threatened legal claims against
        the Company, any charges or complaints filed against the Company, any
        investigation commenced against the Company, or any lawsuits filed against
        the
        Company.

       

      (b)   The
        Company agrees that the following persons will not disparage, denigrate,
        or
        otherwise demean Executive, to any person, firm, or corporation: Steven
        Stringer; Jay Braukman, John F. Kohler, Esq.; David J. Shimp and the members
        of
        the Company’s Board of Directors as of the Effective Date of this Agreement. The
        Company further agrees that the foregoing persons will not disclose facts
        relating to Executive to any person, firm, corporation, governmental agency,
        or
        other entity; provided,
        however,
        that
        notwithstanding the foregoing, nothing in this Agreement shall prohibit or
        restrict the Company or any of the aforementioned persons from (i) making
        any
        disclosure of information required by law; (ii) providing information to,
        or
        testifying or otherwise assisting in any investigation or proceeding brought
        by
        any federal, state or local regulatory or law enforcement agency or legislative
        body, any self-regulatory organization, or the Company’s legal or compliance
        departments; (iii) testifying, participating in or otherwise assisting in
        a
        proceeding relating to an alleged violation of the Sarbanes-Oxley Act of
        2002,
        or any federal, state or municipal law relating to fraud or any rule or
        regulation of the Securities and Exchange Commission, or any self-regulatory
        organization; or (iv) providing information to any federal, state, or local
        regulatory or law enforcement agency or legislative body, any self-regulatory
        organization, the Company’s legal, human resources, or compliance departments,
        or the Company’s outside counsel, in connection with the Company’s investigation
        of, or defense of, any threatened legal claims against the Company, any charges
        or complaints filed against the Company, any investigation commenced against
        the
        Company, or any lawsuits filed against the Company.

       

      10.    Executive
        agrees to indemnify and hold harmless each and all of the Company Releasees
        from
        and against any and all loss, cost, damage, or expense, including, but not
        limited

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      to,
        attorneys’ fees, incurred by the Company Releasees arising out of any breach by
        Executive of this Agreement, or the fact that any representation made by
        Executive in this Agreement was false when made.

       

      11.   Should
        any provision of this Agreement be declared or determined by a court to be
        illegal or invalid, the validity of the remaining provisions will not be
        affected thereby and said illegal or invalid provision will be deemed not
        to be
        a part of this Agreement.

       

      12.   With
        the
        exception of the Consulting Agreement, this Agreement sets forth the entire
        agreement between the parties hereto, fully supersedes any and all prior
        agreements or understandings between the parties hereto pertaining to the
        subject matter hereof, including without limitation, the Employment Agreement,
        and may not be modified orally. The
        foregoing notwithstanding, Executive and the Company each represents, and
        agrees
        that: (i) the terms of and obligations imposed on the Company by Section
        6 of
        the Employment Agreement and on Executive by Section 7(a) through (f) (including
        any and all subparts) of the Employment Agreement survive the termination
        of the
        Employment Agreement, and remain in full force and effect, and are in no
        way
        diminished or modified by this Agreement, provided,
        however,
        that:
        Section 7(d) of the Employment Agreement is hereby modified to provide that
        the
        period during which Executive will not engage in the conduct prohibited by
        such
        Section 7(d) shall extend through and including the earlier of the date that
        is
        two years from the Effective Date and the date of termination of the Consulting
        Agreement by Executive.

       

      13.   (a)   Except
        as
        specifically provided herein, any dispute or controversy arising under or
        in
        connection with this Agreement shall be, upon the demand of either party,
        subject to a non-binding mediation proceeding before a mediator on the panel
        of
        the CPR Institute for Dispute Resolution, such mediator to be agreed upon
        by the
        parties. 

       

      (b)    If
        a
        mediator is not agreed upon or if mediation is not successful, any dispute
        or
        controversy between the Company and Executive arising under or in connection
        with this Agreement (except any claim by the Company relating to Executive’s
        breach of Section 7 of the Employment Agreement, as modified by Paragraph
        12 of
        this Agreement) shall be settled by binding arbitration before a single
        arbitrator in Stamford, CT pursuant to the Employment Dispute Resolution
        Rules
        of the American Arbitration Association (“AAA”). Each party shall bear its own
        costs, expenses and fees, including, without limitation, attorneys’ fees and
        experts’ fees with respect to any such arbitration. The parties shall share
        equally the fees of the arbitrator and the AAA. Judgment upon any resulting
        arbitration award may be entered in any court of competent
        jurisdiction.

       

      (c)   Neither
        party shall be required to mediate or arbitrate any dispute arising between
        it
        and the other party relating to any breach of Section 7 of the Employment
        Agreement, as modified by Paragraph 12 of this Agreement, but shall have
        the
        right to institute judicial proceedings in the United States District Court
        or
        in a state court having jurisdiction in Stamford, CT, with respect to such
        dispute or claim. Each party hereby consents to, and waives any objection
        to,
        the personal jurisdiction and venue of the aforesaid courts, and waives any
        claim that the aforesaid courts constitute an inconvenient forum and any
        right
        to trial by jury. If such judicial proceedings are instituted, the parties
        agree
        that such proceedings shall not be stayed pending the outcome of any arbitration
        proceedings hereunder.

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      14.   This
        Agreement will be deemed to have been made in Stamford, CT, and will be
        interpreted, construed, and enforced pursuant to the substantive laws of
        the
        State of Connecticut, without giving effect to its conflict or choice of
        law
        principles.

       

      15.   This
        Agreement will not in any way be construed as an admission by the Company
        or the
        Company Releasees of any liability, or of any wrongful acts whatsoever against
        Executive or any other person.

       

      16.   Notwithstanding
        any other provision of this Agreement to the contrary:

      

        (a)   The
          Company and Executive agree that, by entering into this Agreement, Executive
          does not waive rights or claims that may arise after the date this Agreement
          is
          executed.

         

        (b)   The
          Company and Executive agree that this Agreement does not affect the rights
          and
          responsibilities of the U.S. Equal Employment Opportunity Commission (the
          “EEOC”) or like agencies to enforce the ADEA and other laws, and will not affect
          or be used to interfere with Executive’s protected right to file a charge or
          participate in an investigation or proceeding conducted by the EEOC or
          like
          agencies. The Company and Executive further agree that Executive knowingly
          and
          voluntarily waives all rights or claims (that arose prior to Executive’s
          execution of this Agreement) Executive may have against the Company Releasees
          to
          receive any benefit or remedial relief (including, but not limited to,
          reinstatement, back pay, front pay, damages, and attorneys’ fees) as a
          consequence of any charge filed with the EEOC or like agencies, or of any
          litigation concerning any facts alleged in any such charge.

         

        (c)   For
          a
          period of seven (7) days following the execution of this Agreement, Executive
          has the right to revoke this Agreement by written notice by hand delivery,
          overnight courier or fax to John F. Kohler, Esq., Senior Vice President
&
General Counsel, MTM Technologies, Inc., 1200 High Ridge Road, Stamford,
          CT,
          06905. The Company and Executive further agree that this Agreement shall
          not
          become effective or enforceable until the eighth (8th) day after the execution
          of this Agreement; and that in the event Executive revokes this Agreement
          prior
          to the eighth (8th) day after the execution of this Agreement, this Agreement,
          the Consulting Agreement, and the promises contained in this Agreement
          and the
          Consulting Agreement, shall automatically be deemed null and void.

         

        (d)   The
          Company hereby advises and urges Executive in writing to consult with an
          attorney prior to executing this Agreement. Executive represents and warrants
          that the Company gave Executive a period of at least twenty-one (21) days
          in
          which to consider this Agreement before executing this Agreement. 

         

        (e)   Executive’s
          acceptance of the monies and other consideration paid by the Company, as
          described in Paragraph 4 of this Agreement, at any time more than seven
          (7) days
          after the execution of this Agreement shall constitute an admission by
          Executive
          that Executive did not revoke this Agreement during the revocation period
          of
          seven (7) days; and shall further constitute an admission by Executive
          that this
          Agreement has become effective and enforceable.

         

        (f)   If
          Executive executed this Agreement at any time prior to the end of the greater
          than forty-five (45) day period that the Company gave Executive in which
          to
          consider

         

        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

         

        this
          Agreement, such early execution was a knowing and voluntary waiver of
          Executive’s right to consider this Agreement for at least forty-five (45) days,
          and was due to Executive’s belief that Executive had ample time in which to
          consider and understand this Agreement, and in which to review this Agreement
          with an attorney.

         

        (g)   This
          Agreement shall not affect or be used to interfere with Executive’s protected
          right to test in any court, under the Older Worker Benefit Protection Act,
          or
          like statute or regulation, the validity of the waiver of rights set forth
          in
          this Agreement.

         

      

      17.   EXECUTIVE
        EXPRESSLY ACKNOWLEDGES, REPRESENTS, AND WARRANTS THAT EXECUTIVE: HAS CAREFULLY
        READ THIS AGREEMENT; FULLY UNDERSTANDS ITS TERMS, CONDITIONS, AND SIGNIFICANCE;
        HAS HAD AMPLE TIME TO CONSIDER AND NEGOTIATE IT; HAS BEEN ADVISED AND URGED
        BY
        THE COMPANY TO CONSULT WITH AN ATTORNEY CONCERNING THIS AGREEMENT; HAS HAD
        A
        FULL OPPORTUNITY TO REVIEW THIS AGREEMENT WITH AN ATTORNEY; AND HAS EXECUTED
        THIS AGREEMENT VOLUNTARILY, KNOWINGLY, AND WITH SUCH ADVICE FROM HIS ATTORNEY,
        BRUCE S. KLEIN, ESQ., OF SHECHTMAN HALPERIN SAVAGE LLP, AS EXECUTIVE DEEMED
        APPROPRIATE. 

      

       

      PLEASE
        READ CAREFULLY. THIS AGREEMENT AND GENERAL RELEASE HAS IMPORTANT LEGAL
        CONSEQUENCES.

       

      
        	
                MTM
                  TECHNOLOGIES, INC.

                 

              	 	 
	
                By:

              	/s/
                Jay W. Braukman III	 	
                /s/
                  Francis J. Alfano

              
	 	
                Name:
                  Jay W. Braukman III

                Title:  
                  Chief Financial Officer

              	 	
                FRANCIS
                  J. ALFANO

              

      

      

       

      STATE
        OF
        CONNECTICUT        )

                        
        :ss:

      COUNTY
        OF
        ______________ )

       

      On
        ___________, 2007 before me personally came Francis J. Alfano, to me known
        and
        known to me to be the individual described in and who executed the foregoing
        Agreement, and he duly acknowledged to me that he voluntarily and knowingly
        executed the said Agreement, after having read and understood said
        document.

      

      
        	 	 
	 	
                Notary
                  Public

              

      

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      Exhibit
        A

       

      CONSULTING
        SERVICE AGREEMENT

       

      
        
          
          

        

        
          9

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