Document:

Exhibit 10.1

EXHIBIT 10.1

STATEMENT OF WORK — Infrastructure and Support Services

1. Purpose

This Statement of Work dated as of August 1, 2008 is entered into between HMNA NA, Inc.
(hereinafter “HMNA”), having offices at 200 Park Avenue South Suite # 901 NY 10003, Helios Matheson
Global Services Pvt Ltd (HGS), HMNA’s wholly owned Indian subsidiary and IonIdea, Inc. (herein
after “IonIdea”), having its offices located at 3933 Old Lee Highway, Suite 33B, Fairfax, VA 22030.
The purpose of this Statement of Work is to set forth the Services to be provided by IonIdea.

2. Term

The Services shall commence on the Aug 1, 2010 and shall continue until July 31, 2011 (“End Date”).
HMNA and Ionidea may agree to extend this SOW as mutually acceptable.

3. Description Of Services — Deliverable

IonIdea shall provide Infrastructure and IT support services to HMNA. A few of the specified
services may vary and evolve during the term of this Agreement. IonIdea shall be responsible for
the primary services described as follows.

4. Ion Idea’s Responsibilities

	 	•	 	Provide working environment in Bangalore, India, for the HMNA employees / team
members.
	 
	 	•	 	Ion Idea’s team will interact closely with HMNA staff to ensure these services are
provided.
	 
	 	•	 	IonIdea will provide desktops for each of the HMNA team members. Additional hardware,
as listed in Appendix 1 is the current list of includes servers and laptops provided to
HMNA by IonIdea (see attached Appendix1). Further hardware needs, apart from desktops are
to be discussed and provided on mutual agreement on fully reimbursable basis.

5. HMNA Responsibilities

	 	•	 	Keep IonIdea informed of any changes that will impact usage of IonIdea infrastructure
& services

	 
	 	•	 	Keep IonIdea informed in advance of any additional manpower recruited by HMNA.
	 
	 	•	 	Any special servers required by specific projects will be the responsibility of HMNA
	 
	 	•	 	HMNA shall be liable to arrange and pay for any dedicated leased line charges etc. at
actuals, directly to the respective agencies

	 
	 	•	 	HMNA shall promptly comply with all the laws, rules and regulations of the government
and local authorities as may be required.

 

 

 

EXHIBIT 10.1

	 	•	 	HMNA shall keep the facility in clean and good condition and maintain the electrical,
sanitary, wooden and other fixtures, fitting and installations in the facility occupied by
him without causing any damage.

	 
	 	•	 	HMNA shall use the premises for Office purposes only

6. HMNA and IonIdea Responsibilities

	 	•	 	All persons on HMNA projects and IonIdea shall respect Confidentiality and
Non-Compete Agreements executed by either party with their clients.

	 
	 	•	 	All persons on HMNA projects shall not solicit other employees of IonIdea under any
circumstances.

	 
	 	•	 	HMNA shall not, without prior permission from IonIdea, bring any visitors to the
IonIdea facility.

7. Solicitation of Employees

IonIdea and HMNA agree that they shall not solicit employees of the other and shall ensure that all
persons contracted to perform services under this Agreement will not be hired by the other without
written release by current employer, for a period of 12 months from date of termination of
employment with the current employer.

8. Place of Performance of Services

The Services shall be performed at the IonIdea premises located at 38-40, Export Promotion
Industrial Park, Whitefield, Bangalore 560 066, India. Any change in the place of performance shall
be subject to agreement by both parties.

9. Parties’ Relationship Managers

IonIdea and HMNA primary contacts for all activities under this Statement of Work shall be those
identified in the table below or such other contact notified by a party to the other in writing.
The Relationship Managers listed below will ensure success of the relationship.

	 	 	 	 	 
	 	 	IONIDEA	 	HMNA
	Relationship Manager
	 	Brindala Ananthram	 	Suparna N R
	Secondary contact
	 	Dr. Harish Chouhan	 	Umesh Ahuja

 

 

 

EXHIBIT 10.1

10. Fees, Invoicing, And Expenses

HMNA shall pay a flat rate fee per person for all team members who are on HMNA’s payroll.

	 	 	 	 	 	 	 
	 	 	Fee per	 	 	 
	Service	 	month per	 	 	 
	Level	 	resource	 	 	Services Provided
	Bronze
	 	$	550	 	 	Bronze Level Service:  Cubicles, Desktop PC with basic OS and MS office suite, server/network and desktop support,  telecom services + Cafeteria

In addition to the above fee of $550 per team member, HMNA will also reimburse IonIdea the
transportation expense of $100 for each employee availing the transportation facility, making the
total monthly payment equal to $650 for these HMNA employees. This transportation provided will be
for one specific shift as specified by HMNA (currently 11 am to 7 pm). All other transportation
will be considered as ad-hoc transportation.

This transportation cost is to be reviewed on a half yearly basis to align on actual expenses. The
transportation cost may be revised if the actuals exceed by 10%.

Also the ad-hoc transportation needed for one off cases where team members require transportation
after regular office hours can be provided on actual costs

11. Invoicing Procedure

Invoices addressed to HMNA will be sent electronically to the designated HMNA Primary Contact
Person, as stated above. Payment terms are net 45 and late payments will be liable for interest @
1% per month from date of invoice.

Invoices will be raised on HMNA and payment is guaranteed by HMNA.

12. Termination of services

12.1 Termination for Convenience: Except as provided in a Statement of Work, Customer
shall have the right to elect to terminate a Statement of Work, at any time, by providing Supplier
with ninety (90) days prior written notice of said election.

12.2 Termination by Either Party for Material Breach and Bankruptcy: Either party may
terminate this Agreement (or any part thereof) or any Statement of Work upon written notice (a) if
the other party materially breaches this Agreement and fails to cure such breach within thirty (30)
days following receipt of written
notice specifying the breach in detail or (b) if either Party files a petition for relief under any
bankruptcy legislation, if any involuntary petition thereunder should be filed against either Party
and the same not be dismissed within thirty (30) days, if either Party is adjudicated a bankrupt or
if either Party makes an assignment for the benefit of creditors.

 

 

 

EXHIBIT 10.1

12.3 Hardware / Software :The generic hardware (Desktop) as specified earlier will be
provided by IonIdea. Any other specific hardware or software required for HMNA projects will not be
provided by IonIdea.

IN WITNESS WHEREOF, this Statement of Work has been executed as of the date first above written by
the undersigned authorized representatives of HMNA and IonIdea.

	 	 	 	 	 
	/s/ Dr. Harish Chouhan
 

Dr. Harish Chouhan,

	 	/s/ Suparna N R
 

Suparna N R
	 	 
	IonIdea Inc

	 	Chief Operating Officer, HMNA	 	 

Asset List

LAPTOP DETAILS OF TACT

	 	 	 	 	 	 	 
	SL. No.	 	Name	 	Type	 	Location
	1
	 	I2LT106	 	Laptop	 	AP02C001
	2
	 	I3LT009	 	Laptop	 	AP02C027
	3
	 	I3LT011	 	Laptop	 	AP02C016
	4
	 	I3LT012	 	Laptop	 	AP02C019

DESKTOP DETAILS OF TACT

	 	 	 	 	 	 	 
	SL. NO	 	Name	 	Type	 	Location
	1
	 	I1DT054	 	Desktop	 	AP02C011
	2
	 	I1DT052	 	Desktop	 	AP02C006
	3
	 	I1DT038	 	Desktop	 	AP02C002
	4
	 	I1DT048	 	Desktop	 	AP02C022

SERVER DETAILS OF TACT

	 	 	 	 	 	 	 
	SL. NO	 	Name	 	Type	 	Location
	1
	 	Firewall	 	Server	 	2nd Floor Server Room
	2
	 	Firewall	 	Server	 	2nd Floor Server RoomExhibit 10.2

EXHIBIT 10.2

MEMORANDUM OF UNDERSTANDING

This memorandum of understanding entered into this the 22nd day
of September, 2010 between M/s. HELIOS AND MATHESON INFORMATION TECHNOLOGY LIMITED,a Company
incorporated under the Companies Act, 1956 having its Registered Office at cybervale #02-01,
mahindra world city, Chennai 603 002

represented by its CEO and Managing Director Mr.G.K.Muralikrishna (hereinafter called HMIT)

And

HELIOS AND MATHESON NORTH AMERICA a corporation formed under the laws of Delaware, USA having its
Registered Office at 200, Park Avenue South, New York 10003 represented by its President and CEO
Divya Ramachandran (hereinafter called HMNA).

WHEREAS HMIT is engaged in providing a comprehensive range of IT Services and has been
delivering such services through its global delivery model and has invested several millions of
dollars in setting up state of the art off-shore developments centers;

AND WHEREAS HMNA is a subsidiary corporation of HMIT having its offices in USA for carrying on
business in and from U.S.A ;

AND WHEREAS HMNA does not have the off-shore infrastructure, nor the financial resources to
set up one and has requested HMIT’s help to execute such work for their clients.

AND WHEREAS at the request of HMNA, HMIT agreed to make available to HMNA the facilities of
dedicated Off-shore Development Centers (ODCs), technology and management support in running the
said ODCs established by it for utilization of the same by HMNA and its clients as may be
required from time to time.

AND WHEREAS HMIT undertakes to provide adequate support for performance by HMNA of all terms
including financial obligations to the latter’s clients.

AND WHEREAS HMIT and HMNA have come to an understanding regarding the remuneration and sharing
of the revenue and costs in respect of the businesses carried on for HMNA’s clients.;

AND WHEREAS the parties also desired that the terms and conditions regarding the said services
may be reduced to writing;

Now this memorandum of understanding witnesses as follows:

1. HMIT shall make available to HMNA the Off-shore Development Centers with state of the art
facilities of ODCs and also render services by way of human resources, support in technology,
client engagement, management and running the ODCs for HMNA.

2a). While HMIT incurs capital and revenue expenditure in India, HMNA incurs revenue
expenditure in the USA, HMNA captures all the revenue (income) from the clients. The fees and
charges shall be worked out on the basis that the on-site component of the revenue and costs are to
HMNA’s account and Off-shore component of revenue and costs are to HMIT’s account.

b) HMIT shall also capture whole revenue accrued for offshore resources travelling onshore for
knowledge transfer purposes.

c) HMIT shall invoice HMNA, at agreed frequency, the due amount as above with required
details.

d) Both HMIT and HMNA agree to follow transfer pricing guidelines as applicable from time to
time.

e) HMNA shall pay HMIT for the amount invoiced within 7 days of collecting the corresponding
dues from clients.

f) HMNA shall deduct all expenses incurred by it on behalf of HMIT from amount payable to
HMIT.

3a) In view of the commitment made by HMIT to capital expenditure, revenue expenses and also
to secure HMIT’s receivables from HMNA, it is also agreed between HMIT and HMNA that HMNA would
furnish security deposit of $1 million to HMIT as of now and would increase the said security
deposit as and when the business operations are scaled up.

 

 

 

EXHIBIT 10.2

b) It is also agreed between HMNA and HMIT that any damage, claim or expenses that HMIT may
suffer or incur while discharging its obligations under this Memorandum of Understanding may be
adjusted from and out of the security deposit;

c) It was also agreed between HMNA and HMIT that the security deposit will be refunded
to HMNA without interest on termination of this agreement subject to following:

i) Deduction of such amounts towards damages, claims or expenses arising out of acts,
deeds, commission, omission, etc of HMNA under this agreement;

ii) Deduction of any amount payable by HMNA to HMIT for services rendered by HMIT to
HMNA or its clients,

iii) Satisfactory discharge by HMNA of all obligation of HMIT taken on behalf of HMNA,

iv) Further, refund of such security deposit is subject to satisfactory closure of all
fiduciary obligations of HMIT under this agreement or other agreements that HMNA may have with its
clients.

4. HMNA and HMIT agree to support each other fully in order to comply with all requirements of
laws of USA and India respectively.

5. Termination of this MOU has to be mutually agreed by CEO’s of the two companies.

6. In view of the larger working relationship in the offing, both of the Boards of Directors
and management of HMNA and HMIT will convene in due course to reach a comprehensive agreement on or
before June 30, 2011.

In witness where of the parties have signed this memorandum of understanding this the
22nd day of September 2010.

	 	 	 	 	 
	/s/ G.K.Muralikrishna
 

G.K.Muralikrishna

	 	/s/ Divya Ramachandran
 

Divya Ramachandran
	 	 
	CEO & Managing Director

	 	President & CEO	 	 
	HMIT Ltd.

	 	HMNA Inc.

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