Document:

Exhibit 10.74

 

CONSULTANT
AGREEMENT

 

This Consultant Agreement (this “Agreement”),
effective February 2, 2006 (the “Effective Date”), is entered into by
and between Tasker Capital Corp., a corporation organized under the laws of
Nevada, USA, with a place of business at 39 Old Ridgebury Road, Suite 14,
Danbury, CT, USA (the “Company”) and Gordon O. Davis, Jr. P.O. Box,
Westminster, MA 01473 (“Consultant”). For good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
Consultant and the Company agree as follows:

 

1.                                       Services
and Payment.

 

a.                                       Engagement.
The Company hereby engages Consultant to provide sales and marketing services
assigned by the Company from time to time (the “Services”), and
Consultant accepts such engagement. Consultant agrees to use his best efforts
to undertake and complete the Services in accordance with the descriptions and
schedules specified therefor. Consultant will report to the Chief Executive
Officer of the Company (the “Board”). Nothing herein shall be construed as to
require Consultant to devote his entire Professional time to provision of the
Services, it being understood by the Company that, subject to the provisions of
Section 2, Consultant may perform work for others during the term of this Agreement,
as it may be extended from time to time.

 

b.                                      Fees
and Expenses. As compensation for all services performed during the term
hereof, the Company will pay Consultant monthly at the rate of $120,000 per
annum for Services performed (“Consultant Fees”). Subject to ordinary
documentation, the Company will reimburse Consultant for documented
out-of-pocket expenses reasonably incurred in providing the Services.

 

c.                                       Stock
Options.

 

(i)                                     Consultant
shall be granted an option to purchase, at a price of One Dollar ($1.00) per
share, 1,750,000 shares of common stock, $0.001 par value per share, of the
Company (the “Option”). The option for Four Hundred Thirty-Seven Thousand Five
Hundred (437,500) shares shall vest on the date of grant. The option for the
remaining One Million Three Hundred Twelve Thousand Five Hundred (1,312,500)
shares shall vest in equal monthly installments over the twenty-four (24)
months from the date of this agreement. Such vesting shall cease if Consultant’s
engagement under this Agreement is terminated, unless termination is by the
Company other than for Cause by Consultant for Good Reason, or as a result of
the Consultant’s death. In the event of the death of Consultant, all vested
options shall pass to Consultant’s designated beneficiary or, if no beneficiary
has been designated by Consultant, to his estate.

 

(ii)                                  In
the event the Company undergoes a Change in Control, as defined below, one
hundred percent (100%) of the then unvested portion of the Option shall become
vested and exercisable upon the occurrence of such Change in Control. A Change
in Control means the occurrence of any of the following events:  (a) the Company is a party to, or the
stockholders approve, a merger, consolidation or reorganization with another
corporation (other than a merger, consolidation or reorganization that (i)
would result in the voting power immediately before to continue to represent
either by remaining outstanding or by being converted into securities of the
surviving entity, more than 50% of the voting power thereafter, or (ii) in
which no person or group would acquire more than 20% of the voting power); (b)
a sale of all, or substantially all, of the assets of the Company; (c) any
individual, partnership, firm, corporation, association, trust, unincorporated
organization or other entity, or any syndicate or group deemed to be a person
under Section 14(d)(2) of the Exchange Act, is or becomes the “beneficial owner”
(as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of
shares of common stock of the Company representing 35% or more of the voting
power of the Company’s then outstanding securities entitled to vote in the
election of directors of the Company; or (d) the Company is dissolved or
liquidated; provided however,
that a change in control under clause (a), (b), (c), or (d) shall not be deemed
to be a Change in Control as a result of an acquisition of securities of the
Company by an employee benefit plan maintained

 

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by the Company for its employees.

 

d.                                      Company
Automobile. The Company will provide Consultant with a Company automobile
during the term hereof, and will reimburse the Consultant for all reasonable
automobile expenses.

 

2.                                       Intellectual
Property.

 

a.                                       Inventions
Assignment. The Company will own all right, title and interest (including
without limitation patent rights, copyright rights, trade secret rights, mask
work rights, trademark rights , sui generis
database rights and all other intellectual and industrial property rights of
any sort throughout the world) relating to any and all inventions (whether or
not patentable), works of authorship, mask works, designations, designs,
know-how, ideas and information made or conceived or reduced to practice, in
whole or in part, by Consultant during the term of this Agreement that relate
to or are based on the subject matter of, or arise out of, the Services or any
Proprietary Information (as defined below) (collectively, “Inventions”).
Consultant will obtain assignments, consents and authorizations, for the
Company’s exclusive benefit, from each person who provides any Services
hereunder sufficient to vest in the Company the foregoing rights. Consultant
will promptly disclose and provide all Inventions to the Company. All
Inventions are works made for hire to the extent allowed by law and, in
addition, Consultant hereby makes and agrees to make all assignments necessary
to accomplish the foregoing ownership. Consultant will further assist the
Company, at the Company’s expense, to further evidence, record and perfect such
assignments, and to perfect, obtain, maintain, enforce, and defend any rights
assigned. Consultant hereby irrevocably designates and appoints the Company as
his agent and attorney-in-fact to act for and in Consultant’s behalf to execute
and file any document and to do all other lawfully permitted acts to further
the foregoing with the same legal force and effect as if executed by
Consultant.

 

b.                                      License.
If, notwithstanding the assignments in Section 2(a), any part of the Services
or Inventions is based on, incorporates, or is an improvement or derivative of,
or cannot be reasonably and fully made, used, reproduced, distributed and
otherwise exploited without using or violating any technology or intellectual
property rights owned or licensed by Consultant and not assigned hereunder,
then Consultant hereby grants and agrees to grant to the Company and its
affiliates and successors a perpetual, irrevocable, worldwide, royalty-free,
fully-paid, nonexclusive, fully transferable, sublicensable right and license
to exploit and exercise all such technology and intellectual property rights in
support of the Company’s exercise or exploitation of the Services, Inventions,
other work performed hereunder, or any assigned rights (including any
modifications, improvements and derivatives of any of them).

 

c.                                       Moral
Rights. To the extent allowed by law, Section 2(a) and any license to The
Company hereunder includes all rights of paternity, integrity, disclosure and
withdrawal and any other rights that may be known as or referred to as “moral
rights,” “artist’s rights,” “droit moral,”
or the like. To the extent any of the foregoing is ineffective under applicable
law, Consultant hereby provides any and all ratification and consents necessary
to accomplish the purposes of the foregoing to the extent possible. Consultant
will confirm any such ratification and consents from time to time as requested
by the Company. Consultant will obtain the foregoing ratification, consents and
authorizations, for the Company’s exclusive benefit, from each person who
provides any Services hereunder.

 

d.                                      Confidentiality.
Consultant agrees that all Inventions and all other business, technical,
financial and other information (including, without limitation, the identity of
and information relating to customers, prospects, vendors, affiliates and
employees) that Consultant develops, learns or obtains in connection with the
Services, or that are received by or for the Company in confidence, constitute
the “Proprietary Information” of the Company. Consultant will hold in
confidence and not disclose or, except in performing the Services, use any
Proprietary Information. However, Proprietary Information will not include
information that Consultant can document is or becomes readily publicly
available without restriction through no fault of Consultant. Upon termination
and at the Company’s request at any other time, Consultant will promptly return
to the Company all materials and copies containing or embodying

 

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Proprietary Information, except that Consultant may keep his personal
copy of his compensation records and this Agreement.

 

e.                                       Restrictions.
As additional protection for Proprietary Information, Consultant agrees that during
the period over which he is (or is supposed to be) providing Services and for
one (1) year thereafter, Consultant will not, directly or indirectly, (i)
encourage or solicit any employee, consultant or contractor of the Company to
leave the Company for any reason, or divert, entice or otherwise take away from
the Company the business or patronage of any customer, supplier or prospect,
(ii) engage in any activity that is in any way competitive with the business or
demonstrably anticipated business of the Company or (iii) assist (in any
capacity) any other person or organization in competing or in preparing to
compete with any business or demonstrably anticipated business of the Company. Consultant
understands that the restrictions set forth in this Section 2(e) are intended
to protect the Company’s interest in its proprietary information and
established relationships and goodwill with employees and business partners,
and Consultant agrees that such restrictions are reasonable and appropriate for
this purpose.

 

3.                                       Warranty.
Consultant represents and warrants that: (a) the Services will be performed in
a professional and workmanlike manner; (b) none of the Services or any part of
this Agreement is or will be inconsistent with any obligation Consultant may have
to others; (c) all work under this Agreement will be Consultant’s original work
and none of the Services or Inventions or any development, use, production,
distribution or exploitation thereof will infringe, misappropriate or violate
any intellectual property or other right of any person or entity (including,
without limitation, Consultant itself); (d) Consultant has the full right to
provide the Company with the assignments and rights provided for herein; (e)
without limiting any of the foregoing, none of the Inventions or work product
produced hereunder will include any third party materials or content, including
without limitation any open source code; and (f) Consultant will not disclose
to the Company or use for its benefit any trade secrets or confidential or
proprietary information of any other party. Consultant hereby agrees to
indemnify and hold harmless the Company and its affiliates and all of their
respective shareholders, directors, officers, employees, agents, successors and
assigns, from any and all injuries, losses, claims and damages to any person or
property, and all costs and expenses, including without limitation attorneys’
fees, and any other liabilities incurred by any of the foregoing as a result of
any breach or alleged breach of Consultant of the foregoing representations and
warranties.

 

4.                                       Term
and Termination.

 

(a)                                  Term.
Subject to earlier termination as hereafter provided, this Agreement shall have
an original term of three (3) years commencing on the effective date hereof and
shall be automatically extended thereafter for successive terms of one (1) year
each, unless either party provides notice to the other at least thirty (30)
days prior to the expiration of the original or any extension term that the
Agreement is not to be extended. The term of this Agreement, as from time to
time extended or renewed, is hereafter referred to as “the term of this
Agreement” or “the term hereof.”

 

(b)                                 Termination.
Notwithstanding the provisions of Section 4(a) hereof, Consultant’s engagement
hereunder shall terminate prior to the expiration of the term under the
following circumstances:

 

(1)                                  Death.
In the event of Consultant’s death during the term hereof, Consultant’s
engagement hereunder shall immediately and automatically terminate. In such event,
the Company shall pay to Consultant’s designated beneficiary or, if no
beneficiary has been designated by Consultant, to his estate, (i) Consultant
Fees earned but not paid through the date of termination, (ii) any business
expenses incurred by Consultant but un-reimbursed on the date of termination,
provided that such expenses and required substantiation and documentation are
submitted within sixty (60) days of termination and that such expenses are
reimbursable under Company policy, and (iii) a termination fee of: (a) One
Hundred Twenty Thousand Dollars ($120,000.00) and (b) the vesting of all
unvested options provided for in Section 1(c)(i) above (all of the foregoing
(i), (ii) and (iii) are the “Final Compensation”). The Company shall have no
further obligation to Consultant hereunder.

 

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(2)                                  Disability.

 

(i)                                     The
Company may terminate Consultant’s engagement hereunder, upon notice to
Consultant, in the event that Consultant becomes disabled during his engagement
hereunder through any illness, injury, accident or condition of either a
physical or psychological nature and, as a result, is unable to perform
substantially all of his duties and responsibilities hereunder for one hundred
twenty (120) consecutive days during any period of three hundred and sixty-five
(365) consecutive calendar days. In the event of such termination, the Company
shall pay to Consultant his Final Compensation.

 

(ii)                                  If
any question shall arise as to whether during any period Consultant is disabled
through any illness, injury, accident or condition of either a physical or
psychological nature so as to be unable to perform substantially all of his
duties and responsibilities hereunder, Consultant may, and at the request of
the Company shall, submit to a medical or psychological examination by a
physician selected by the Company to whom Consultant or his duly appointed
guardian, if any, has no reasonable objection to determine whether Consultant
is so disabled and such determination shall for the purposes of this Agreement
be conclusive of the issue. If such question shall arise and Consultant shall
fail to submit to such medical examination, the Company’s determination of the
issue shall be binding on Consultant.

 

(3)                                  By
the Company for Cause. The Company may terminate Consultant’s engagement
hereunder for Cause at any time upon notice to Consultant setting forth in
reasonable detail the nature of such Cause. The following, as determined by the
Board in its reasonable judgment, shall constitute Cause for termination:

 

(i)                                     Consultant’s
conviction of a felony or conviction of any other crime involving dishonesty or
moral turpitude (which specifically excludes all traffic violations);

 

(ii)                                  Consultant’s
theft, embezzlement, misappropriation of or intentional and malicious
infliction of damage to the Company’s business or property;

 

(iii)                               Consultant’s
gross dereliction of duties or gross negligence.

 

Upon the giving of notice of termination of Consultant’s engagement
hereunder for Cause, the Company shall have no further obligation to
Consultant, other than for Consultant Fees earned through the date of
termination and any un-reimbursed business expenses. Nothing in this Section
4(b)(3) shall affect any vested options of stock provided for in Section
1(c)(i) above.

 

(4)                                  By
the Company Other than for Cause. The Company may terminate Consultant’s
engagement hereunder other than for Cause at any time upon notice to Consultant.
In the event of such termination, then for the remainder of the term hereof if
such termination takes place within Twelve (12) months following the effective
date of this Agreement or for Twelve (12) months if such termination takes
place thereafter, the Company shall continue to pay Consultant Fees at the rate
in effect on the date of termination, and stock options provided for in Section
1(c) shall continue to vest during such payment period. Any obligation of the
Company to Consultant hereunder is conditioned, however, upon Consultant’s
signing a release of claims in the form provided by the Company (the “Consultant
Release”) within twenty-one (21) days (or such greater period as the Company
may specify) following the later of the date on which Consultant (or, in the
case of termination by Consultant for Good Reason, the Company) receives notice
of termination of engagement or the date Consultant receives a copy of the
Consultant Release and upon Consultant not revoking the Consultant Release in a
timely manner thereafter. Fees to which Consultant is entitled hereunder shall
be payable in accordance with the normal payment practices of the Company.

 

(5)                                  By
Consultant for Good Reason. Consultant may terminate his engagement
hereunder for Good Reason, upon notice to the Company setting forth in
reasonable detail the nature of

 

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such Good Reason. The following shall constitute Good Reason for
termination by the Consultant:

 

(i)                                     Material
diminution in the nature or scope of Consultant’s responsibilities, duties or
authority; provided however, any diminution of the business of the Company or
any sale or transfer of any or all of the equity, property or other assets of
the Company shall not constitute “Good Reason”; or

 

(iii)                               Material
failure of the Company to provide Consultant the fees for services and other
payment in accordance with this Agreement, excluding an inadvertent failure
which is cured within ten (10) business days following notice from Consultant
specifying in detail the nature of such failure.

 

In the event of termination in accordance with this Section (b)(5),
Consultant will be entitled to the same payments and options vesting that he
would have been entitled to receive had Consultant been terminated by the
Company other than for Cause in accordance with Section (b)(4) above; provided
that Consultant satisfies all conditions to such entitlement, including without
limitation the signing of an effective Consultant Release.

 

(6)                                  By
Consultant Other than for Good Reason. Consultant may terminate his
engagement hereunder at any time upon thirty (30) days’ notice to the Company. In
the event of termination of Consultant pursuant to this section (b)(6), the
Company shall have no further obligation to Consultant, other than for any
Final Compensation due to him and any vested options provided for in Section
1(c) above. The Company may elect to waive the period of notice, or any portion
thereof.

 

(7)                                  Non-Renewal
of Agreement. In the event this Agreement is not extended beyond the
initial term hereof pursuant to paragraph 4(a), then Consultant will be
entitled to the same payments he would have been entitled to receive had
Consultant been terminated by the Company other than for Cause in accordance
with Section (b)(4) above; provided that Consultant satisfies all conditions to
such entitlement, including without limitation the signing of an effective
Consultant Release.

 

Sections 2 through 9 (inclusive) of this Agreement, and any remedies
for breach of this Agreement, will survive any termination or expiration.

 

5.                                       Relationship.
Notwithstanding any provision hereof, for all purposes of this Agreement each
party will be and act as an independent contractor and not as partner, joint
venturer, employee, or agent of the other and will not bind nor attempt to bind
the other to any contract. Consultant is an independent contractor and is
solely responsible for all taxes, withholdings, and other statutory or
contractual obligations of any sort, including, but not limited to, Workers’
Compensation Insurance.

 

6.                                       Assignment.
This Agreement and the performance contemplated hereunder are personal to
Consultant and Consultant will not have the right or ability to assign,
transfer, or subcontract any obligations under this Agreement without the prior
written consent of the Company. Any attempt to do so will be void and of no
effect. This Agreement will be binding upon, and inure to the benefit of, the
successors, representatives and permitted assigns of the parties.

 

7.                                       Notice.
Any notice required or permitted to be given hereunder will be effective upon
receipt and will be given in writing, and delivered in person, via established
express courier service (with confirmation of receipt), confirmed facsimile or
registered or certified mail, postage prepaid, return receipt requested, to the
parties at their respective addresses given above or at such other address
designated by written notice.

 

8.                                       Miscellaneous.
Consultant agrees that any breach or threatened breach of Sections 2 or 3 will
cause irreparable harm to the Company for which money damages would not be an
adequate remedy. Therefore, Consultant agrees that the Company will be entitled
to seek injunctive relief with respect thereto, without the necessity of
posting any bond, in addition to any other remedies at law or equity. This
Agreement constitutes the entire agreement, and supersedes all prior
negotiations, understandings or

 

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agreements (oral or written), between the parties concerning the
subject matter of this Agreement. The failure of either party to enforce its
rights under this Agreement at any time for any period will not be construed as
a waiver of such rights. No change, modification or waiver to this Agreement
will be effective unless in writing and signed by both parties. In the event
that any provision of this Agreement shall be determined by any court of
competent jurisdiction to be unenforceable by reason of its being extended over
too great a time, too large a geographic area or too great a range of
activities, such provision shall be deemed to be modified to permit its
enforcement to the maximum extent permitted by law. This Agreement will be
governed by and construed in accordance with the laws of the State of
Connecticut, USA, without regard to the conflicts of laws provisions thereof.
Exclusive jurisdiction and venue for any action arising under this Agreement is
in the federal and state courts located in Connecticut, USA, and both parties
hereby consent to such jurisdiction and venue for this purpose. In any action
or proceeding to enforce rights under this Agreement, the prevailing party will
be entitled to recover costs and attorneys fees. Headings are for convenience
of reference only and will in no way affect interpretation of the Agreement.
This Agreement may be executed in one or more counterparts, each of which will
be deemed an original, but all of which taken together will constitute one and
the same instrument. This Agreement may be executed by facsimile signature.

 

IN WITNESS WHEREOF, intending to be legally bound, the
parties have executed this Agreement as an instrument under seal as of the
Effective Date.

 

 

	
  TASKER CAPITAL CORP.

  	
   

  
	
   

  	
  /s/ Gordon O.
  Davis Jr.

  	
   

  
	
  by:

  	
   /s/ Richard D. Falcone

  	
   

  	
  Signature: Gordon O. Davis, Jr.

  
	
  Authorized Signature

  	
   

  
	
   

  	
   

  
	
  Richard D.
  Falcone

  	
   

  	
   

  
	
  Name (Print or Type)

  	
  02/16/06

  	
   

  
	
   

  	
  Date

  
	
  CEO

  	
   

  	
   

  
	
  Title

  	
   

  
	
   

  	
   

  
	
  02/17/06

  	
   

  	
   

  
	
  Date

  	
   

  

 

6Exhibit 4.2

AMENDMENT No. 1 TO AGREEMENT and PLAN OF MERGER

This AMENDMENT No. 1 dated as of May 26 ,
2006 (“Amendment”) is by and among: (i) Adjoined Consulting LLC, a
Delaware limited liability company (successor by merger to Adjoined Consulting, Inc.)
(the “Parent”); (ii) Gazelle Acquisition Inc., a Delaware corporation (“Merger
Sub”); (iii) GZC Group, LLC, a Georgia limited liability company (“GZC LLC”);
(iv) Joe Moye, Steve Bowles, The Lanier Corporation, Robb Jenkins, Jacque
Jenkins, Cheri Bowles, Sam Boyd, Charlie Simpson, Brookside Management, L.W.
Cummings, David Burre, and Frontier Fund I, L.P. (each, a “Member” and,
collectively, the “Members”); and (v) with respect to Sections 1.02(a)b.,
1.02(b) and 2 only, Kanbay International, Inc. (“Kanbay”), to the
Agreement and Plan of Merger (the “Agreement”) effective as of September 1,
2005, by and among Adjoined Consulting, Inc., Merger Sub, Gazelle
Consulting, Inc., a Georgia corporation (“Company”), GZC LLC and the
Members.

RECITALS

A.    Immediately
prior to the Agreement, GZC LLC owned all the Company’s outstanding shares of
capital stock.

B.     Pursuant
to the Agreement, all the Company’s outstanding shares of capital stock were
converted into the right to receive the Merger Consideration (as defined in the
Agreement) from Adjoined Consulting, Inc.

C.     Subsequent
to the date of the Agreement, Adjoined Consulting, Inc. was merged with
and into Adjoined Consulting LLC, a wholly-owned subsidiary of Kanbay (the “Adjoined-Kanbay
Merger”).

D.     By
operation of law, pursuant to the Adjoined-Kanbay Merger, Adjoined Consulting
LLC assumed the obligation to pay the Merger Consideration to GZC LLC.

E.     The
parties propose to amend the Agreement upon the terms and subject to the
conditions set forth herein.

AGREEMENT

NOW, THEREFORE, in consideration of the premises and
of the mutual covenants contained herein, the parties agree as follows:

1.   Amendment.   Section 1.02
of the Agreement is hereby deleted in its entirety and replaced with the
following:

1.02     Merger
Consideration. The total Merger Consideration payable to GZC LLC of Eight
Million Eight Hundred Thousand UNITED STATES DOLLARS (US$8,800,000) shall be
payable as described in this Section 1.02.

(a)            On
the date hereof:

a.                  Parent
shall deliver to GZC LLC fifty eight percent (58%) of the Merger Consideration,
consisting of the sum of Five Million One Hundred Four Thousand

 

 

UNITED STATES DOLLARS (US$5,104,000), by wire transfer
pursuant to the following wire instructions:

Bank of America
(Georgia Bank)

Routing # 026009593 Account # 003281012130

Contact: Brian Coonfield (678-581-7208); and

b.                 Kanbay
shall deliver to GZC LLC forty two percent (42%) of the Merger Consideration,
consisting of 240,469 shares of Kanbay’s common stock, $0.001 par value per
share (“Shares”) (using a value of $15.37 per share (3 day closing average for April 20,
2006, April 21, 2006 and April 24, 2006 )). The Shares shall be
delivered by reputable overnight courier service to GZC, LLC at the address
listed below:

GZC, LLC

Attention: Steve Bowles

700 Owens Lake Road

Alpharetta, GA 30004

(b)           Kanbay
hereby grants to GZC LLC registration rights related to the Shares as follows:

a.                  Kanbay
shall, as soon as is reasonably practicable, amend with the Securities and
Exchange Commission (the “Commission”) the registration statement filed on Form S-3
by Kanbay on April 7, 2006 (“Resale Registration Statement”) to include
the Shares.

b.                 Kanbay
will use its best efforts to maintain the effectiveness of the Resale
Registration Statement for such time as the underwriters need to complete the
distribution of the registered offering (or until March 9, 2008; provided,
however, that such period shall be extended by that number of days included in
a Blackout Period (as hereinafter defined) imposed by Kanbay) of any
registration statement pursuant to which any of the Shares are being offered,
and from time to time will amend or supplement such registration statement and
the prospectus contained therein to the extent necessary to comply with the
Securities Act of 1933, as amended, or any similar federal statute, and the rules and
regulations of the Commission thereunder, all as the same shall be in effect at
the time (“Securities Act”), and any applicable state securities statute or
regulation.

c.                  Notwithstanding
anything in this Amendment to the contrary, at any time after the date the
Resale Registration Statement is declared effective by the Commission (“Effective
Date”), Kanbay shall have the right to suspend sales under the Resale
Registration Statement for a period of not more than 45 days (a “Blackout
Period”), if, based on the advice of outside legal counsel for Kanbay, sales
under such registration statement need to be suspended because Kanbay would
otherwise be required to disclose material information which Kanbay has a bona
fide business purpose for preserving as confidential; provided that Kanbay
shall notify GZC LLC that sales pursuant to such registration statement may be
resumed as soon as such need to suspend sales no longer applies; provided
further that in no event shall the Blackout Period extend beyond the date
Kanbay is otherwise required to disclose

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such material
information pursuant to the rules and regulations of the Commission
(including on Form 8-K) or Nasdaq; and provided further that Kanbay
shall be entitled to only one Blackout Period.

d.                 Without
the prior written consent of Kanbay, GZC LLC shall not, pursuant to the Resale
Registration Statement, sell or otherwise dispose of any Shares during the six
month period immediately following the Effective Date.

e.                  In
the event that Kanbay registers any of the Shares under the Securities Act,
Kanbay will indemnify and hold harmless GZC LLC, its officers, directors,
managers, members, affiliates and partners and each underwriter of the Shares
(including their officers, directors, managers, affiliates and partners) so
registered (including any broker or dealer through whom such shares may be
sold) and each Person, if any, who controls GZC LLC or any such underwriter
within the meaning of Section 15 of the Securities Act from and against
any and all losses, claims, damages, expenses or liabilities, joint or several,
to which they or any of them become subject under the Securities Act,
applicable state securities laws or under any other statute or at common law or
otherwise, as incurred, and, except as hereinafter provided, will reimburse GZC
LLC, its officers, directors, managers, members, affiliates and partners and
each such underwriter and each such controlling Person, if any, for any legal
or other expenses reasonably incurred by them or any of them in connection with
investigating or defending any actions whether or not resulting in any
liability, as incurred, insofar as such losses, claims, damages, expenses,
liabilities or actions arise out of or are based upon any untrue statement or
alleged untrue statement of a material fact contained in the registration
statement, in any preliminary or amended preliminary prospectus or in the final
prospectus (or the registration statement or prospectus as from time to time
amended or supplemented by Kanbay) or arise out of or are based upon the
omission or alleged omission to state therein a material fact required to be
stated therein or necessary in order to make the statements therein not
misleading, or any violation by Kanbay of any rule or regulation
promulgated under the Securities Act or any state securities laws applicable to
Kanbay and relating to action or inaction required of Kanbay in connection with
such registration, unless such untrue statement or alleged untrue statement or
omission or alleged omission was made in such registration statement,
preliminary or amended preliminary prospectus or final prospectus in reliance
upon and in conformity with information furnished in writing to Kanbay in
connection therewith by GZC LLC (in the case of indemnification of GZC LLC),
any such underwriter (in the case of indemnification of such underwriter) or
any such controlling Person (in the case of indemnification of such controlling
person) expressly for use therein. Such indemnity shall remain in full force
and effect regardless of any investigation made by or on behalf of GZC LLC or
any such director, officer, underwriter or controlling person and shall survive
the transfer of Shares by GZC LLC.

f.                    Promptly
after receipt by GZC LLC, its officers, directors, managers, affiliates and
partners or any underwriter or any controlling Person of notice of the
commencement of any action in respect of which indemnity may be sought against
Kanbay, GZC LLC, its officers, directors, managers, members, affiliates and
partners or such underwriter or such controlling person, as the case may be,
will notify Kanbay in writing of the commencement thereof (provided that
failure to so notify Kanbay shall not relieve Kanbay from any liability it may
have hereunder) and, subject to the

 3
 

 

 

provisions
hereinafter stated, Kanbay shall be entitled to assume the defense of such
action (including the employment of counsel, who shall be counsel reasonably
satisfactory to GZC LLC, such underwriter or such controlling Person, as the
case may be), and the payment of expenses insofar as such action shall relate
to any alleged liability in respect of which indemnity may be sought against
Kanbay.

g.                 GZC
LLC, its officers, directors, managers, members, affiliates and partners and
any such underwriter or any such controlling Person shall have the right to
employ separate counsel in any such action and to participate in the defense
thereof but the fees and expenses of such counsel subsequent to any assumption
of the defense by Kanbay shall not be at the expense of Kanbay unless the
employment of such counsel has been specifically authorized in writing by
Kanbay or counsel to GZC LLC, its officers, directors, managers, members,
affiliates and partners, the underwriter or any controlling Person has
determined that defenses not available to Kanbay exist for such party or the
interests of such party and Kanbay may be adverse. Kanbay shall not be liable
to indemnify any Person for any settlement of any such action effected without
Kanbay’s written consent. Kanbay shall not, except with the approval of each
party being indemnified under this Section, consent to the entry of any
judgment or enter into any settlement unless such judgment or settlement
provides solely for the payment of damages, costs or expenses by Kanbay to any
claimant or plaintiff and includes as an unconditional term thereof the giving
by the claimant or plaintiff to the parties being so indemnified of a release
from all liability with respect to such claim or litigation.

h.                 In
order to provide for just and equitable contribution to joint liability under
the Securities Act in any case in which GZC LLC, or any controlling person of
GZC LLC, makes a claim for indemnification pursuant to this Section but it
is judicially determined (by the entry of a final judgment or decree by a court
of competent jurisdiction and the expiration of time to appeal or the denial of
the last right of appeal) that such indemnification may not be enforced in such
case notwithstanding the fact that this Section provides for
indemnification in such case, then Kanbay and GZC LLC will contribute to the aggregate
losses, claims, damages or liabilities to which they may be subject (after
contribution from others) in such proportion as is appropriate to reflect the
relative fault of Kanbay on the one hand and GZC LLC on the other in connection
with the statements or omissions which resulted in such losses, claims, damages
or liabilities, as well as any other relevant equitable considerations. The
relative fault of Kanbay on the one hand and of GZC LLC on the other shall be
determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or omission or alleged omission to state a
material fact relates to information supplied by Kanbay on the one hand or by
GZC LLC on the other; provided, however, that,
in any such case, (i) GZC LLC will not be required to contribute any
amount in excess of the public offering price, less underwriters’ discounts and
commissions (the “Net Proceeds”), of all Shares offered by it pursuant to such
registration statement; and (ii) no person or entity guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the
Securities Act) will be entitled to contribution from any person or entity who
was not guilty of such fraudulent misrepresentation.

i.                     In
the event that Kanbay registers any of the Shares under the Securities Act, GZC
LLC will indemnify and hold harmless Kanbay, each of its directors, each of its

 4
 

 

 

officers who have
signed or otherwise participated in the preparation of the registration
statement, each underwriter of the Shares so registered (including any broker
or dealer through whom such of the shares may be sold) and each Person, if any,
who controls Kanbay within the meaning of Section 15 of the Securities Act
from and against any and all losses, claims, damages, expenses or liabilities,
joint or several, to which they or any of them may become subject under the
Securities Act, applicable state securities laws or under any other statute or
at common law or otherwise, and, except as hereinafter provided, will reimburse
Kanbay and each such director, officer, underwriter or controlling Person for
any legal or other expenses reasonably incurred by them or any of them in
connection with investigating or defending any actions whether or not resulting
in any liability, insofar as such losses, claims, damages, expenses,
liabilities or actions arise out of or are based upon any untrue statement or
alleged untrue statement of a material fact contained in the registration
statement, in any preliminary or amended preliminary prospectus or in the final
prospectus (or in the registration statement or prospectus as from time to time
amended or supplemented) or arise out of or arc based upon the omission or
alleged omission to state therein a material fact required to be stated therein
or necessary in order to make the statements therein not misleading, but only
insofar as any such statement or omission was made in reliance upon and in
conformity with information furnished in writing to Kanbay in connection
therewith by GZC LLC expressly for use therein; provided,
however, that GZC LLC’s obligations hereunder shall be limited to an
amount equal to the Net Proceeds received by GZC LLC of Shares sold in such
registration.

j.                     Promptly
after receipt of notice of the commencement of any action in respect of which
indemnity may be sought against GZC LLC, Kanbay will notify GZC LLC in writing
of the commencement thereof (provided that failure to so notify GZC LLC shall
not relieve GZC LLC from any liability it may have hereunder), and GZC LLC
shall, subject to the provisions hereinafter stated, be entitled to assume the
defense of such action (including the employment of counsel, who shall be
counsel reasonably satisfactory to Kanbay) and the payment of expenses insofar
as such action shall relate to the alleged liability in respect of which
indemnity may be sought against GZC LLC. Kanbay and each such director,
officer, underwriter or controlling Person shall have the right to employ
separate counsel in any such action and to participate in the defense thereof,
but the fees and expenses of such counsel subsequent to any assumption of the
defense by GZC LLC shall not be at the expense of GZC LLC unless employment of
such counsel has been specifically authorized in writing by GZC LLC. GZC LLC
shall not be liable to indemnify any Person for any settlement of any such
action effected without GZC LLC’s written consent.

k.                  In
order to provide for just and equitable contribution to joint liability under
the Securities Act in any case in which Kanbay exercising its rights under this
Section, makes a claim for indemnification pursuant to this Section, but it is
judicially determined (by the entry of a final judgment or decree by a court of
competent jurisdiction and the expiration of time to appeal or the denial of
the last right of appeal) that such indemnification may not be enforced in such
case notwithstanding that this Section provides for indemnification, in
such case, then, Kanbay and GZC LLC will contribute to the aggregate losses,
claims, damages or liabilities to which they may be subject (after contribution
from others) in such proportion as is appropriate to reflect the relative fault
of Kanbay on the one hand and of GZC LLC

 5
 

 

 

on the other in
connection with the statements or omissions which resulted in such losses,
claims, damages or liabilities, as well as any other relevant equitable
considerations. The relative fault of Kanbay on the one hand and of GZC LLC on
the other shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact relates to information supplied by Kanbay on
the one hand or by GZC LLC on the other; provided, however, that,
in any such case, (i) GZC LLC will not be required to contribute any
amount in excess of the Net Proceeds of the sale of all such Shares offered by
it pursuant to such registration statement; and (ii) no person or entity
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) will be entitled to contribution from any person or entity
who was not guilty of such fraudulent misrepresentation.

1.                  So
long as Kanbay remains subject to the reporting requirements of either Section 13
or Section 15(d) of the Exchange Act, Kanbay will use its best
efforts to timely file with the Commission such information as the Commission
may require under either of said Sections; and in such event, Kanbay shall use
its best efforts to take all action as may be required as a condition to the
availability of Rule 144 or Rule 144A under the Securities Act (or
any successor exemptive rule hereinafter in effect) with respect to Kanbay’s
common stock. Kanbay shall furnish to GZC LLC forthwith upon request (i) a
written statement by Kanbay as to its compliance with the reporting
requirements of Rule 144, (ii) a copy of the most recent annual or
quarterly report of Kanbay as filed with the Commission, and (iii) such
other reports and documents as GZC LLC may reasonably request in availing
itself of any rule or regulation of the Commission allowing GZC LLC to
sell any such Shares without registration. Kanbay agrees to use its best
efforts to facilitate and expedite transfers of the Shares pursuant to Rule 144
under the Securities Act, which efforts shall include timely notice to its
transfer agent to expedite such transfers of Shares.

m.               Subject
to Section 1.02(b)d., the Shares and the rights to register securities
granted by Kanbay may be transferred and assigned by GZC LLC provided that such
transfer may otherwise be and is effected in accordance with applicable
securities laws.

n.                 In
connection with the Resale Registration Statement, Kanbay agrees that it shall
also do the following: (A) subject to Section 1.02(b)b. and c.,
prepare and file with the Commission such amendments (including post-effective
amendments) and supplements to such registration statement and the prospectus
used in connection therewith as may be necessary to keep such registration
statement effective and to comply with the provisions of the Securities Act
with respect to the disposition of all Shares and other securities covered by
such registration statement until March 9, 2008; (B) furnish to GZC
LLC such number of conformed copies of such registration statement and of each
such amendment and supplement thereto (in each case including all exhibits),
such number of copies of the prospectus included in such registration statement
(including each preliminary prospectus and any summary prospectus), in
conformity with the requirements of the Securities Act, such documents
incorporated by reference in such registration statement or prospectus, and
such other documents, as GZC LLC may reasonably request in order to facilitate
the sale or disposition of the Shares; (C) use best efforts to register or
qualify the Shares covered by said registration statement under the applicable securities
or “Blue Sky” laws of such jurisdictions as GZC LLC may reasonably
request and do any and

 6
 

 

 

all other acts and
things that may be necessary to enable GZC LLC to consummate the disposition in
such jurisdictions of its Shares covered by such registration statement; provided, however, that Kanbay shall not be obligated to
qualify to do business in any jurisdictions where it is not then so qualified
or to take any action which would subject it to the service of process in suits
other than those arising out of the offer or sale of the securities covered by
the registration statement in any jurisdiction where it is not then so subject;
(D) furnish to GZC LLC a signed counterpart, addressed to GZC LLC, of: (x) an
opinion of counsel for Kanbay, dated the effective date of the registration
statement and the closing of the sale of any securities thereunder, as well as
a consent to be named in the registration statement or any prospectus thereto,
and (y) “comfort” letters as well as an audit opinion and consent to be
named in the registration statement or any prospectus relating thereto signed
by Kanbay’s independent public accountants who have examined and reported on
Kanbay’s financial statements included in the registration statement, to the
extent permitted by the standards of the American Institute of Certified Public
Accountants, covering substantially the same matters with respect to the
registration statement (and the prospectus included therein) and (in the case
of the accountants’ “comfort” letters) with respect to events subsequent to the
date of the financial statements, as are customarily covered in opinions of
issuer’s counsel and in accountants’ “comfort” letters delivered to the
underwriters in underwritten public offerings of securities, to the extent that
Kanbay is required to deliver or cause the delivery of such opinion or “comfort”
letters to the underwriters in an underwritten public offering of securities; (E) furnish
to GZC LLC a copy of all documents filed with and all correspondence from or to
the Commission in connection with the Resale Registration Statement or other
offering of securities; (F) use its best efforts to ensure the obtaining
of all necessary approvals from the National Association of Securities Dealers, Inc.
(the “NASD”); (G) otherwise use its best efforts to comply with all
applicable rules and regulations of the Commission; and (H) immediately
notify GZC LLC at any time when a prospectus relating thereto is required to be
delivered under the Securities Act, of the happening of any event as a result
of which the prospectus included in such registration statement, as then in
effect, includes an untrue statement of a material fact or omits to state any
material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing or if it
is necessary to amend or supplement such prospectus to comply with law, and at
the request of GZC LLC prepare and furnish to GZC LLC a reasonable number of
copies of a supplement to or an amendment of such prospectus as may be
necessary so that, as thereafter delivered to the purchasers of such Shares or
securities, such prospectus shall not include an untrue statement of a material
fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in the light of the
circumstances then existing and shall otherwise comply in all material respects
with law and so that such prospectus, as amended or supplemented, will comply
with law.

o.                 GZC
LLC agrees to timely provide to Kanbay, at its request, such information and
materials as it may reasonably request in order to effect the registration of
the Shares.

p.                 Kanbay
shall bear all reasonable costs and expenses of the registration on behalf of
GZC LLC, including, but not limited to, Kanbay’s printing, legal and accounting
fees and expenses, Commission and NASD filing fees and “Blue Sky” fees and
expenses and the reasonable fees and disbursements of one counsel for GZC LLC
in

 7
 

 

 

connection with the registration of their Shares;
provided, however, that Kanbay shall have no obligation to pay or otherwise
bear any portion of the underwriters’ commissions or discounts attributable to
the Shares being offered and sold by GZC LLC, or the fees and expenses of more
than one counsel for GZC LLC in connection with the registration of the Shares.
Kanbay shall pay all expenses of GZC LLC in connection with any registration
initiated pursuant to this Section which is withdrawn, delayed or
abandoned at the request of Kanbay, except if such withdrawal, delay or
abandonment is caused by the fraud, material misstatement or omission of a
material fact by GZC LLC to be included in such registration.

2.   Consents.   Kanbay
and Adjoined Consulting LLC have received all consents and approvals that were
required for this Amendment.

3.   Assignment.   In accordance
with Section 8.08 of the Agreement, by signing this Amendment (and subject
to the delivery of the Merger Consideration), the parties hereto consent to the
transfer of Adjoined Consulting, Inc.’s rights and obligations under the
Agreement by operation of law to Adjoined Consulting LLC.

4.   Miscellaneous.   On and after the effective date of this Amendment,
each reference in the Agreement to “this Agreement”, “hereunder” or words of
like import referring to the Agreement shall mean and be a reference to the
Agreement, as amended by this Amendment. The Agreement as amended by this
Amendment is and shall continue to be in full force and effect and is hereby in
all respects ratified and confirmed. This Amendment may be executed in any
number of counterparts and by any combination of the parties hereto in separate
counterparts, each of which counterpart shall be an original and all of which
taken together shall constitute one and the same Amendment.

 8

 

 

IN WITNESS WHEREOF, each of the parties hereto has
executed this Amendment, all as of the day and year first above written.

	
  

  	
  ADJOINED CONSULTING LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ WILLIAM WEISSMAN

  
	
   

  	
   

  	
  Name:

  	
  William Weissman

  
	
   

  	
   

  	
  Title:

  	
  Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GAZELLE ACQUISITION INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ WILLIAM WEISSMAN

  
	
   

  	
   

  	
  Name:

  	
  William Weissman

  
	
   

  	
   

  	
  Title:

  	
  Treasurer

  

 

[Additional
signatures on following page]

 

 

	
  

  	
  MEMBERS:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ JOE MOYE

  
	
   

  	
  Joe Moye

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ STEVE BOWLES

  
	
   

  	
  Steve Bowles

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  The Lanier Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN P. BOWLES

  
	
   

  	
   

  	
  Name:

  	
  Steven P. Bowles

  
	
   

  	
   

  	
  Title:

  	
  VP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ ROBB JENKINS

  
	
   

  	
  Robb Jenkins

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ JACQUE JENKINS

  
	
   

  	
  Jacque Jenkins

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ CHERI BOWLES

  
	
   

  	
  Cheri Bowles

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ SAM BOYD

  
	
   

  	
  Sam Boyd

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ CHARLIE SIMPSON

  
	
   

  	
  Charlie Simpson

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Brookside Management, LP

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Brookside Properties, Inc., General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ CHARLES L. SIMPSON

  
	
   

  	
   

  	
  Name:

  	
  Charles L. Simpson

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ L. W. CUMMINGS

  
	
   

  	
  L. W. Cummings

  

 

 

 

 

	
  

  	
  MEMBERS:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ DAVID BURRE

  
	
   

  	
  David Burre

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Frontier Fund I, L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Frontier Investment Group, LLC, Its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ ANDREW LINDER

  
	
   

  	
   

  	
  Name:

  	
  Andrew Linder

  
	
   

  	
   

  	
  Title:

  	
  Partner

  

 

[Additional
signatures on following page]

 

 

 

	
  

  	
  GZC LLC:

  
	
   

  	
   

  
	
   

  	
  GZC Group, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN P. BOWLES

  
	
   

  	
   

  	
  Name:

  	
  Steven P. Bowles

  
	
   

  	
   

  	
  Title:

  	
  Manager/Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  With respect to Sections 1.02(a)b.,
  1.02(b) and 2 only:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  KANBAY INTERNATIONAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ WILLIAM WEISSMAN

  
	
   

  	
   

  	
  Name:

  	
  William Weissman

  
	
   

  	
   

  	
  Title:

  	
  CFO

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