Document:

CONSULTING AGREEMENT

      THIS CONSULTING  AGREEMENT is made as of the 31st day of July, 2005 by and
between MultiGrow Advisors, LLC (the "Consultant"), and HealthRenu Medical Inc.,
a Nevada corporation (collectively with its affiliates the "Company").

                                    RECITALS:

      WHEREAS,  the Company wishes to engage the Consultant to render consulting
services  to  the  Company  regarding  potential  strategic   relationships  and
alliances in the personal skin care,  wound care and  pharmaceutical  industries
and the Consultant wishes to render such services, all as provided below.

      NOW, THEREFORE, in consideration of the premises and the mutual agreements
contained  in this  Agreement,  and of  other  consideration  (the  receipt  and
sufficiency  of which are  acknowledged  by each  party),  the parties  agree as
follows:

                                    ARTICLE 1

                               CONSULTING SERVICES

1.1   Consulting Services

      (a)   For the 12-month period commencing on the effective date of this
Agreement  as set  forth in  Section  1.4  below  (the  "Effective  Date"),  the
Consultant  shall  provide the Company  with such regular and  customary  advice
regarding potential  strategic  relationships and alliances in the personal skin
care, wound care and pharmaceutical industries as is reasonably requested by the
Company,  provided that the Consultant shall not be required to undertake duties
not reasonably  within the scope of the advisory  services  contemplated by this
Agreement.  It is understood and  acknowledged  by the Parties that the value of
the  Consultant's  advice is not readily  quantifiable,  and that the Consultant
shall be  obligated to render  advice upon the request of the  Company,  in good
faith,  but shall not be obligated  to spend any  specific  amount of time in so
doing. The Consultant's duties may include,  but will not necessarily be limited
to, providing recommendations concerning the following matters:

            1.    Arranging,  on behalf of the Company,  at  appropriate  times,
                  meetings with  representatives  of personal  skin care,  wound
                  care and pharmaceutical companies;

            2.    Disseminating  information  about the Company to the  personal
                  skin care, wound care and pharmaceutical  industries at large;
                  and

            3.    Rendering   advice  and  assistance  in  connection  with  the
                  preparation  of reports or other  communications  to  personal
                  skin care, wound care and pharmaceutical industries.

                                       1
<PAGE>

      (b)   In addition to the foregoing, the Consultant agrees to furnish
advice to the Company as reasonably requested by the Company, in connection with
the  acquisition,  merger,  joint  venture  or other  strategic  partnership  or
alliance with other personal skin care, wound care and pharmaceutical companies,
or any other similar transaction.

      (c)   The Consultant shall render such other advisory services as may from
time to time be agreed upon by the Consultant and the Company.

1.2   Information

      In connection with Consultant's  activities on the Company's  behalf,  the
Company will cooperate  with  Consultant  and will furnish  Consultant  with all
information and data concerning the Company which Consultant reasonably believes
appropriate to the  performance of services  contemplated by this Agreement (all
such  information  so  furnished  being  the  "Information")  and  will  provide
Consultant  with  reasonable  access  to  the  Company's  officers,   directors,
employees, independent accountants and legal counsel. The Company recognizes and
confirms that  Consultant (i) will use and rely primarily on the Information and
on information  available from generally recognized public sources in performing
the  services  contemplated  by  the  Agreement,  without  having  independently
verified  same,  (ii)  does  not  assume  responsibility  for  the  accuracy  or
completeness of the  Information  and such other  information and (iii) will not
make an independent appraisal of any of the Company's assets. The Information to
be  furnished  by the  Company,  when  delivered,  will  be,  to the best of the
Company's  knowledge,  true and correct in all  material  respects  and will not
contain any material  misstatements  of fact or omit to state any material  fact
necessary to make the statements  contained therein not misleading.  The Company
will  promptly  notify  Consultant  if it learns of any material  inaccuracy  or
misstatement in, or material omission from any information  thereto delivered to
Agent.  Consultant  agrees  to keep  the  Information  confidential  and only to
release the  Information  with the consent of the Company.  Upon  termination of
this  Agreement  for whatever  reason,  Consultant  will return the  Information
(without  keeping  any  copies  thereof)  forthwith  on demand  by the  Company.
Consultant on its part  represents,  warrants,  and agrees that it has complied,
and at all times while it is performing  services  under this  Agreement it will
comply,  with all laws,  rules,  and regulations  applicable to it in connection
with the services it performs under this Agreement.

1.3   Compensation

      In consideration  for the services to be rendered by the Consultant to the
Company pursuant to this Agreement, the Company shall issue to the Consultant on
the Effective Date 500,000  warrants,  each warrant to purchase one share of the
Company's  common stock at an exercise  price of $0.50 per share.  The shares of
common stock  underlying  the  warrants  shall be entitled to be included in any
registration  statement  filed by the Company under the  Securities Act of 1933,
subject to customary  cutbacks on a pro rata basis with shares of other  selling
stockholders  included in the  registration  statement  pursuant to  "piggyback"
registration rights.

                                       2
<PAGE>

1.4   Effective Date

      This Agreement  shall become  effective on the next business day following
the date of the  closing  (or final  closing,  if more than one  closing) of the
private  placement of the Company made pursuant to the Placement Agent Agreement
between the Company and North Coast Securities  Corporation dated as of July 28,
2005.

                                    ARTICLE 2
                                     GENERAL

2.1   Indemnification

      The Company  agrees to  indemnify  and hold  harmless  Consultant,  to the
fullest  extent  permitted by law, from and against any and all losses,  claims,
damages, liabilities, obligations, penalties, judgments, awards, costs, expenses
and   disbursements   (and  any  and  all  actions,   suits,   proceedings   and
investigations  in  respect  thereof  and any and all  legal  and  other  costs,
expenses  and  disbursements  in giving  testimony  or  furnishing  documents in
response to a subpoena or otherwise,  including,  without limitation, the costs,
expenses and disbursements, as and when incurred, of investigating, preparing or
defending any such action, suit, proceeding or investigation  (whether or not in
connection  with  litigation  in which  Consultant  is a  party)),  directly  or
indirectly,  caused by, relating to, based upon, arising out of or in connection
with Consultant's acting for the Company, including, without limitation, any act
or  omission  by  Consultant  in  connection  with  its  acceptance  of  or  the
performance  or  nonperformance  of its  obligations  under  the  Agreement,  or
otherwise arising from this Agreement;  provided,  however,  that such indemnity
agreement  shall not  apply to any  portion  of any such  loss,  claim,  damage,
liability,  obligation,  penalty, judgment, award, cost, expense or disbursement
to  the  extent  it is  found  in a  final  judgment  by a  court  of  competent
jurisdiction (not subject to further appeal) to have resulted primarily from the
negligence,  gross negligence or willful misconduct of Consultant, in which case
Consultant  shall  indemnify  the Company to the same extent as set forth herein
with respect to the Company's indemnification obligations to Agent.

      These  Indemnification  provisions  shall be in addition to any  liability
which a party may otherwise  have to the other party or the persons  indemnified
below in this sentence and shall extend to the following:  the parties and their
respective affiliated entities,  directors,  officers, employees, legal counsel,
agents and  controlling  persons  (within the meaning of the federal  securities
law). All  references to a party in these  indemnification  provisions  shall be
understood to include any and all of the foregoing.

      If any action, suit, proceeding or investigation is commenced, as to which
a party proposes to demand indemnification, it shall notify the other party with
reasonable promptness;  provided,  however, that the indemnifying party shall be
relieved  from  its  obligations  hereunder  to  the  extent  a  failure  by the
indemnified  party to notify the indemnifying  party with reasonable  promptness
results  in a  significant  increase  in the  indemnifying  party's  obligations
hereunder.  The indemnified  party shall have the right to retain counsel of its
own choice to represent it, which counsel shall be reasonably  acceptable to the
indemnifying  party, and the  indemnifying  party shall pay the reasonable fees,
expenses and  disbursements  of such  counsel;  and such counsel  shall,  to the
extent  consistent with its  professional  responsibilities,  cooperate with the
indemnifying  party and any counsel  designated by the  indemnifying  party. The
indemnifying  party shall be liable for any  settlement of any claim against the
indemnified  party made with the  indemnifying  party's written  consent,  which
consent shall not be unreasonably  withheld.  The indemnifying  party shall not,
without prior written consent of the indemnified party, settle or compromise any
claim,  or permit a default or consent to the entry of any  judgment  in respect
thereof, unless such settlement,  compromise or consent includes, as a condition
or term  thereof,  the giving by the  claimant  to the  indemnified  party of an
unconditional  and  irrevocable  release  from all  liability in respect of such
claim.

                                       3
<PAGE>

      In order to provide for just and  equitable  contribution,  if a claim for
indemnification  pursuant to these indemnification  provisions is made but it is
found in a final judgment by a court of competent  jurisdiction  (not subject to
further appeal) that such indemnification may not be enforced in such case, even
though the express  provisions hereof provide for  indemnification in such case,
then the  Company,  on the one had,  and  Consultant,  on the other hand,  shall
contribute to the losses, claims, damages,  obligations,  penalties,  judgments,
award,  liabilities,  costs, expenses and disbursements to which the indemnified
persons may be subject in accordance with the relative  benefits received by the
Company, on the one hand, and Consultant,  on the other hand, in connection with
the  statements,  acts or  omissions  which  resulted  in such  losses,  claims,
damages, obligations, penalties, judgments, awards, liabilities, costs, expenses
or  disbursements  and  the  relevant  equitable  considerations  shall  also be
considered.  No person found liable for a fraudulent  misrepresentation shall be
entitled to  contribution  from any person who is not also found liable for such
fraudulent  misrepresentation.  Notwithstanding the foregoing,  Consultant shall
not be obligated to contribute  any amount  hereunder that exceeds the amount of
fees previously  received by Consultant  pursuant to the Agreement nor shall the
Company be obligated to contribute any amount  hereunder that exceeds the amount
of the net proceeds received by Company from  transactions  consummated with the
advise or other services of the Consultant as contemplated by this Agreement.

      Neither  termination  nor  completion  of  the  engagement  of  Consultant
referred to the above shall affect these indemnification  provisions which shall
continue to remain operative and in full force and effect.

2.2.1 Interpretation and Enforcement

      (a) The  benefits of this  Agreement  shall  inure to the parties  hereto,
their respective successors and assigns and to the indemnified parties hereunder
and  their  respective  successors  and  assigns  and  representatives,  and the
obligations  and  liabilities  assumed in this  Agreement by the parties  hereto
shall be binding upon their respective successors and assigns.

      (b) Each of the Company and  Consultant  (and, to the extent  permitted by
law,  on  behalf  of their  respective  equity  holders  and  creditors)  hereby
knowingly,  voluntarily and irrevocably  waives any right it may have to a trial
by jury in respect of any claim based upon, arising out of or in connection with
this Agreement and the transactions contemplated hereby. Each of the Company and
Consultant hereby certify that no representative or agent of the other party has
represented expressly or otherwise that such party would not seek to enforce the
provisions  of  this  waiver.   Further  each  of  the  Company  and  Consultant
acknowledges  that each party has been induced to enter this Agreement by, inter
alia, the provisions of this Section.

      (c)  If  it  is  found  in a  final  judgment  by  a  court  of  competent
jurisdiction  (not subject to further appeal) that any term or provision  hereof
is invalid or unenforceable, (i) the remaining terms and provisions hereof shall
be unimpaired  and shall remain in full force and effect and (ii) the invalid or
unenforceable provision or term shall be replaced by a term or provision that is
valid and enforceable and that comes closest to expressing the intention of such
invalid or unenforceable term or provision.

                                       4
<PAGE>

      (d) This Agreement  embodies the entire agreement and understanding of the
parties  hereto and supersedes any and all prior  agreements,  arrangements  and
understanding  relating  to the matters  provided  for  herein.  No  alteration,
waiver,  amendment,  change or  supplement  hereto shall be binding or effective
unless  the  same  is  set  forth  in  writing  signed  by  a  duly   authorized
representative of each party.

      (e)  This  Agreement  does not  create,  and  shall  not be  construed  as
creating,  rights enforceable by any person or entity not a party hereto, except
those entitled thereto by virtue of the  indemnification  provisions hereof. The
Company acknowledges and agrees that with respect to the services to be rendered
by  Consultant,  Consultant  is not and shall not be construed as a fiduciary of
the Company  and shall have no duties or  liabilities  to the equity  holders or
creditors of the Company or any other person by virtue of this Agreement and the
retention of Consultant hereunder, all of which are hereby expressly waived. The
Company  also agrees that  Consultant  shall not have any  liability  (including
without  limitation,   liability  for  losses,  claims,  damages,   obligations,
penalties,  judgments,  awards,  liabilities,  costs,  expenses or disbursements
resulting  from any negligent act or omission of  Consultant,  whether direct or
indirect,  in  contract,  tort or  otherwise)  to the  Company  or to any person
(including,  without  limitation,  equity  holders and creditors of the Company)
claiming  through  the  Company  for or in  connection  with the  engagement  of
Consultant,  this Agreement and the transactions contemplated hereby, except for
liabilities  which  arise as a result of the  negligence,  gross  negligence  or
willful  misconduct  of Agent.  The Company  acknowledges  that  Consultant  was
induced to enter into this  Agreement  by, inter alia,  the  provisions  of this
Section.

2.3   Representations

      (a) The Company has all requisite  corporate  power and authority to enter
into this Agreement and the transactions contemplated hereby. This Agreement has
been duly and validly  authorized by all necessary  corporate action on the part
of the  Company  and has been duly  executed  and  delivered  by the Company and
constitutes a legal, valid and binding agreement of the Company,  enforceable in
accordance with its terms (except as enforceability may be limited by applicable
bankruptcy, insolvency or similar laws).

      (b)  Consultant has all requisite  corporate  power and authority to enter
into this Agreement and the transactions contemplated hereby. This Agreement has
been duly and validly  authorized by all necessary  corporate action on the part
of  Consultant  and has been duly  executed  and  delivered  by  Consultant  and
constitutes a legal,  valid and binding agreement of Consultant,  enforceable in
accordance with its terms (except as enforceability may be limited by applicable
bankruptcy, insolvency or similar laws).

                                       5
<PAGE>

2.4   Applicable Law

      The validity and  interpretation  of this Agreement  shall be governed by,
and construed and enforced in accordance with, the laws of the State of New York
applicable to agreements made and to be fully performed therein  (excluding such
state's conflicts of laws rules).

2.5   Counterparts

      This  Agreement  may be  executed  in any  number  of  counterparts.  Each
executed   counterpart  shall  be  deemed  to  be  an  original.   All  executed
counterparts taken together shall constitute one Agreement.

      IN  WITNESS  OF their  agreement,  the  parties  have duly  executed  this
Agreement as of the date first written above.

                                     MULTIGROW ADVISORS, LLC

                                     By:
                                        ----------------------------------------
                                        Name:
                                        Title:

                                     HEALTHRENU MEDICAL, INC.

                                     By:
                                        ----------------------------------------
                                        Robert W. Prokos
                                        President and Chief Executive Officer

                                       6EXHIBIT
      10.10

    

      DEBTRESOLVE
        CUSTOMIZED SOLUTION PROGRAM

      LICENSE
        AGREEMENT

      

      
        	
                Parties:
                  Debt
                  Resolve, Inc. (“DebtResolve”)

              	
                [INSERT
                  CLIENT NAME]_
                  (“Client”)

              
	 	 	 
	
                Address:

              	
                707
                  Westchester Ave., Suite L7

              	
                [ADDRESS]
                  ____________

              
	 	
                White
                  Plains, NY 10604

              	
                _______________________

              
	 	
                Attn:
                  General Counsel

              	
                _______________________

              
	 	 	 
	
                Entity
                  Type:

              	
                Delaware
                  Corporation

              	
                _______________________

              
	 	 	 
	
                Effective
                  Date:

              	
                __________________
                  (the
                  “Effective
                  Date”)

              	 
	 	 	 
	
                Term:
                  _____________________(such
                  period, the “Initial
                  Term”)

              

      

       

      DebtResolve
        and Client are hereby each a “Party”
        and
        collectively, the “Parties”.

      

      * * * * *

      

      WHEREAS,
        DebtResolve provides proprietary internet-based software tools and technology,
        utilizing a blind bidding system, based upon patented technology licensed
        to
        DebtResolve, for the collection of consumer debts to financial institutions,
        lenders and holders of consumer debt to assist such persons with the collection
        of such debts (collectively, the “DebtResolve
        System”);
        and

      

      WHEREAS,
        Client is a financial institution, debt collector or other holder of consumer
        indebtedness, and desires to license the DebtResolve System described on
        Exhibit
        A
        from
        DebtResolve for purposes of evaluating its effectiveness, in accordance with
        the
        terms and conditions as set forth herein.

      

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

      

      1.  DEFINITIONS.
        The
        following are the definition of certain capitalized terms used in this
        Agreement.

       

      1.1.  “Agreement”
        means
        this DebtResolve Customized Solution Program License Agreement.

       

      1.2.  “End-User”
        shall
        mean each of Client’s customer debtors whose Debtor Account Information is
        provided to DebtResolve by Client and entered into the Customized Solution
        Database. 

       

      1.3.  “Intellectual
        Property”
        means,
        for any person or entity, patents (including patent applications), know-how,
        trademarks, trade names, service marks, domain names, trade dress, logos
        or
        other identifying indicia, trade secrets, copyrights and copyrighted materials,
        software, Confidential Information, systems, technology, supplier data and
        access to any other intellectual property owned or controlled by, or licensed
        to
        such person or entity.

       

      2.  SUMMARY
        OF PROGRAM. DebtResolve
        shall create a series of Web pages using the DebtResolve System described
        on
Exhibit
        A
        prominently branded with the Client’s trademarks and logos (such customized
        version of the DebtResolve System identified on Exhibit
        A
        may be
        referred to herein as the “Customized
        Solution”).
        DebtResolve shall be responsible for hosting the Customized Solution. From
        time
        to time as agreed by the Parties, Client shall forward to DebtResolve the
        Debtor
        Account Information to facilitate use of the Customized Solution. The Debtor
        Account Information permits an End-User to access the Customized Solution
        over
        the Internet and utilize the Customized Solution to attempt to resolve the
        account with Client. Client will be solely responsible for establishing
        settlement parameters (amount, terms, etc.) for all accounts. The Customized
        Solution shall be enabled to accept payments so that the End-User can make
        payment in full, or the first payment of an agreed upon payment plan, as
        part of
        the agreed upon resolution.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      3.  LICENSE
        TO CUSTOMIZED SOLUTION.For
        the
        duration of the Term, provided that the Client is not in material breach
        of any
        term or condition of this Agreement, DebtResolve hereby grants to Client,
        and
        Client hereby accepts, subject to the terms and conditions of this Agreement,
        a
        non-exclusive, non-transferable and nonassignable license, without the right
        to
        sublicense, to use the DebtResolve System, in the form of the Customized
        Solution, while hosted by DebtResolve, and to permit End-Users to access
        the
        Customized Solution through the Internet, for use solely in connection with
        the
        collection of consumer debts (the “Licensed
        Field”)
        within
        the United States of America and, to the extent agreed to in writing by the
        Parties, other specifically identified countries (collectively, the
“Licensed
        Territory”).
        All
        software used in connection with the Customized Solution shall be hosted
        by or
        at the direction of DebtResolve. Accordingly, no physical media containing
        the
        software for the Customized Solution shall be provided to Client. The foregoing
        license grant is personal to Client and shall not include any affiliates,
        subsidiaries or other related parties of Client, unless this Agreement expressly
        provides otherwise. Except
        for such rights expressly granted to Client herein, no license, right, title
        or
        interest in or to the DebtResolve System, the Customized Solution or any
        other
        Intellectual Property of DebtResolve is granted to Client or any other person
        or
        entity, either expressly or by implication, estoppel or otherwise. 

       

      4.  PARTIES’
        RESPONSIBILITIES
         

        4.1.  Creation
          of the Customized Solution. Following the Effective Date, DebtResolve, with
          the assistance and cooperation of Client, will take the necessary actions
          to
          create the Customized Solution and make the same available for access by
          Client’s customers over the Internet. Client shall provide DebtResolve with
          digital versions of the Client Trademarks and Client Copyrightable Materials
          in
          any format reasonably requested by DebtResolve. The Customized Solution
          shall
          include the DebtResolve logo and phrase “Powered by DebtResolve.TM”
          at appropriate positions as mutually agreed by the Parties. Before the
          Customized Solution is made available generally to End-Users, DebtResolve
          shall
          make the proposed Customized Solution available to Client for review and
          approval of the use of the Client Trademarks therein, such approval not
          to be
          unreasonably withheld or delayed. Once Client had approved the Customized
          Solution, it shall be made available to End-Users generally over the Internet
          on
          Web pages within Client’s primary second-level domain. Accordingly, the URL for
          the web pages containing the Customized Solution shall have the second
          level
          domain name consistent with that of Client’s primary web site (e.g.,
          www.client.com), evidencing to an End-User that they are dealing directly
          with
          Client at an URL to be suggested by DebtResolve as the host of the Customized
          Solution, usually somehost.clientdomain.com. The date on which Client approves
          the Customized Solution may be referred to as the “Approval
          Date.”

      

       

      4.2.  Procedures.
        

       

      4.2.1.  From
        time
        to time as agreed by the Parties, for each debtor, Client shall provide
        DebtResolve with the information identified on Exhibit
        B
        hereto
        (such information, collectively, the “Debtor
        Account Information”),
        which
        DebtResolve shall upload into a database accessible through the Customized
        Solution (the “Customized
        Solution Database”).
        An
        invitation code (the “Invitation
        Code”),
        different from the account number, shall be given to each account of an End-User
        by Client, which Invitation Code shall be established by using an algorithm
        provided to Client by DebtResolve. Once Client provides DebtResolve with
        the
        Debtor Account Information with respect to any account, Client shall not
        utilize
        or attempt to utilize any other collection methods with respect to such account
        during the Term.

       

      4.2.2.  Upon
        transfer of Debtor Account Information to DebtResolve, Client shall take
        reasonable actions to contact the End-User on each such account to (a) advise
        End-User of the availability of the Customized Solution tool to resolve the
        End-User’s account, (b) encourage the End-User to utilize the Customized
        Solution; and (c) provide each End-User with his or her unique Invitation
        Code,
        which will permit the End-User to access the Customized Solution. These contacts
        shall take the form of regular mailings, billing stuffers, words on an
        End-User’s account statement or other account correspondence, telephone calls
        and/or e-mail, as appropriate, all as agreed to by the Parties.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      4.2.3.  Client
        agrees to be bound by any settlement within the settlement parameters it
        provides to DebtResolve, subject to all payments being made in accordance
        with
        the terms of such settlement. Client agrees to hold DebtResolve harmless
        from
        any and all costs, damages, expenses, and losses, including, without limitation,
        reasonable attorneys’ fees (collectively, “Losses”),
        DebtResolve may incur as a result of, or arising from, claims related to
        the
        Customized Solution settling an account within the settlement parameters
        provided by Client. 

       

      4.3.  Payments
        from End-Users.
        Upon
        reaching a settlement, the Customized Solution will require the End-User
        to
        either make payment in full (if that was a condition of the settlement) or
        make
        the first payment of the scheduled payments pursuant to the agreed upon
        settlement. Client shall make available to DebtResolve for interface with
        and
        use in the Customized Solution, one or more electronic payment methods, which
        shall enable such payments to be received directly by Client. In no event
        shall
        DebtResolve receive or be responsible to collect from End-Users any payments
        made in satisfaction of a debt. Where the settlement provides for more than
        one
        payment, the End-User shall make all such payments through the payment methods
        made available in the Customized Solution to the extent such payments become
        due
        during the Term. 

       

      4.4.  Reports.
        Client
        shall have real-time access to the data specified on Exhibit
        C
        hereto.
        Customized reports shall be provided to Client as agreed to in writing by
        the
        Parties.

       

      5.  FEES.
        Client
        shall pay to DebtResolve the fees (collectively, the “Fees”)
        identified on, and in accordance with the payment schedule in, Part I of
        Exhibit
        D.
        Client
        shall be responsible for any and all taxes due, assessments or other charges
        of
        any kind that may be imposed on DebtResolve or Client by any governmental
        taxing
        authority as a result of the goods or services provided under this Agreement
        other than any taxes based upon the income of DebtResolve. 

       

      6.  TERM
        AND TERMINATION
         

      

      6.1.  Following
        the Initial Term (or any extension thereof), the term of this Agreement shall
        be
        automatically extended for additional six (6) month periods unless either
        party
        provides the other with written notice at least thirty (30) days prior to
        the
        end of the then-current term that it does not intend to extend the current
        term.
        The Initial Term plus all extensions thereof may be referred to as the
“Term.”
        Notwithstanding anything herein to the contrary, Client shall not provide
        to
        DebtResolve, and DebtResolve shall not be required to process, any Debtor
        Account Information first provided following any notice of an intent not
        to
        renew pursuant to this Section 6.1 or a notice to terminate pursuant to Section
        6.2.

       

      6.2.  Client
        acknowledges that DebtResolve has extended to Client special introductory
        pricing and other terms during the Initial Term. Each of the parties
        acknowledges and agrees to negotiate in good faith during the thirty (30)
        day
        period immediately prior to the end of the Initial Term revised pricing and
        terms for the balance of the Term following the Initial Term. Notwithstanding
        anything herein to the contrary, in the event the parties cannot reach mutually
        agreeable pricing and terms for the period following the Initial Term, either
        party may terminate this Agreement following the Initial Term by providing
        ten
        (10) days prior written notice to the other.

       

      6.3.  Either
        Party may terminate this Agreement upon written notice in the event the other
        party materially breaches any of the material terms of this Agreement. Prior
        to
        any termination, however, the non-breaching Party will notify the breaching
        party in writing of all outstanding deficiencies and/or complaints, and the
        breaching party will have (i) thirty (30) (or, in the event of a payment
        default
        under Section 5 of this Agreement, five (5)) calendar days (the “Cure
        Period”),
        to
        cure such deficiencies or complaints or begin to do so in good faith. If
        the
        breaching Party cures all such deficiencies or complaints within the Cure
        Period, the material breach will be deemed corrected, and the non-breaching
        Party shall not be entitled to terminate this Agreement. Immediately upon
        termination or expiration of the Term, (a) Client agrees to: (i) stop using
        the
        Customized Solution and any and all related documentation (not including
        reports
        provided to Client hereunder) and to return all such documentation to
        DebtResolve; (ii) return to DebtResolve any other Intellectual Property or
        Confidential Information of DebtResolve, and (iii) if so requested, certify
        in
        writing that it has complied with the foregoing; and (b) DebtResolve agrees
        to:
        (i) stop using the Client Trademarks and Client Copyrightable Materials;
        (ii)
        return to Client any other Intellectual Property or Confidential Information
        of
        Client, and (iii) if so requested, certify in writing that it has complied
        with
        the foregoing. Termination or expiration of this Agreement shall not effect
        Client’s obligation to make payment of all Fees or other costs related to a
        period prior to the effective date of such termination or expiration or
        otherwise in accordance with their terms to the extent any Fee obligation
        may
        arise following any such termination or expiration.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      6.4.  Survival
        of Terms.
        Terms
        and conditions which by their nature survive the termination of this Agreement
        shall survive and continue beyond the term and termination of this Agreement,
        including, without limitation, Sections 5, 6 and 7 (including Exhibit
        E).

       

      7.  MISCELLANEOUS

       

      7.1.  Program
        Standard Terms and Conditions; Exhibits.
        The
        DebtResolve Program Standard Terms and Conditions, a copy of which is attached
        hereto as Exhibit
        E,
        are
        incorporated herein by reference and shall have the same force and effect
        as if
        such provisions were set forth herein in their entirety. Moreover, all Exhibits
        referenced in this Agreement are incorporated into this Agreement by reference
        herein and shall have the same force and effect as if the provisions thereof
        were explicitly included herein.

       

      7.2.  Notices.
        Except
        as otherwise permitted by this Agreement, any notice required by this Agreement
        will be in writing and sent to the other Party by United States certified
        mail
        or by nationally recognized overnight courier service to the addresses of
        the
        Parties set forth on the first page of this Agreement or to such other address
        as a Party may provide in accordance with the provisions of this Section.
        All
        notices will be deemed given or delivered when actually received. 

       

      7.3.  Headings.
        The
        titles and headings of the various sections and paragraphs in this Agreement
        are
        intended solely for convenience of reference and are not intended for any
        other
        purpose whatsoever, or to explain, modify or place any construction upon
        or on
        any of the provisions of this Agreement.

       

      7.4.  Counterparts.
        This
        Agreement may be executed in one or more counterparts, each of which will
        be
        deemed an original, but which collectively will constitute one and the same
        instrument.

       

      [Signature
        page follows]

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF,
        the
        Parties hereto have caused this Agreement to be executed by their duly
        authorized representatives as of the date first above written.

       

      
        	DEBT RESOLVE, INC.	 	 	[INSERT CLIENT
                NAME]
	 	 	 	 
	 	 	 	 
	By:	 	 	By:
	
                
                  
Name:
Title:

              	 	 	
                
                  
Name:
Title:

              

      

      

          

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A

      DESCRIPTION
        OF THE DEBTRESOLVE SYSTEM

      

      The
        DebtResolve System is largely comprised of a software product made available
        over the Internet that permits holders of consumer debts (“Creditors”)
        to
        utilize a patented blind bidding system to facilitate the settlement of such
        debts with the debtor. The DebtResolve System is designed in such a manner
        as to
        enable the debtor to interact directly with the Creditor in connection with
        the
        outstanding debt. 

      

      The
        DebtResolve System permits the Creditor administrator access by which Creditor
        establishes the settlement parameters to be used by the DebtResolve System.
        Creditor may establish settlement parameters that are a function of both
        time
        and amount. For example, for an outstanding balance of $1,000, Creditor could
        establish settlement parameters that would accept (i) a lump-sum payment
        of
        $500, (ii) three monthly payments of $200 for an aggregate payment of $600,
        or
        (iii) six monthly payments of $150 for an aggregate payment of $750. The
        direct
        administrator access permits the settlement parameters may be modified at
        any
        time directly by Creditor without the knowledge or involvement of DebtResolve.
        DebtResolve will not establish, and shall not be responsible for establishing,
        settlement parameters for the Creditor.

      

      When
        a
        debtor utilizes the Debtresolve System, following compliance by debtor with
        required security log-in procedures, the debtor will be provided with his
        or her
        outstanding balance. The DebtResolve System has the ability to provide a
        debtor
        the opportunity to dispute the outstanding debt and provide Creditor an
        explanation for the dispute. If the debtor is provided this opportunity and
        disputes the debt, his or her ability to continue using the DebtResolve System
        will terminate, and the dispute notice will be transmitted to Creditor. If
        the
        debtor does not dispute the debt (or if this option is not provided), the
        debtor
        will have an opportunity to make an offer to settle the debt by specifying
        a
        payment amount offered by the debtor and selecting from a schedule of payment
        options established by Creditor by way of the settlement parameters inputted
        though Creditor’s administrative access. The DebtResolve System will compare the
        settlement offer against the settlement parameters established by Creditor.
        

      

      If
        the
        debtor’s offer is within Creditor’s settlement parameters, the debtor will
        receive an immediate reply that the offer was accepted. The debtor will be
        able
        to confirm his or her agreement with the settlement and to enter information
        to
        permit processing of the payment amount due at that time. Payments are made
        by
        debtors directly to Creditor. DebtResolve does not receive payments from
        any
        debtor but may provide access to electronic payment gateways.

      

      If
        the
        offer is rejected, the debtor will be provided at least two more opportunities
        to make a better offer. A final opportunity to make an improved offer may
        be
        extended after an unsuccessful third round if the third round offer is close
        to
        the settlement parameters set by Creditor. Whether an offer is close enough
        to
        invite a fourth offer is among the parameters to be set by Creditor. If still
        unsuccessful after completion of this process, the debtor will have an
        opportunity to submit any suggestions or other offers directly to Creditor
        by
        email. This information is provided directly to Creditor, and no further
        screens
        are presented to the debtor until Creditor has contacted the
        debtor.

      

      If
        a
        debtor seeks assistance, the DebtResolve System will provide the debtor with
        two
        different telephone numbers: one, Client’s customer service line, to allow
        discussion of the debtor’s account, and the other for technical questions on the
        use of the DebtResolve System. Client’s customer service line shall be the sole
        and absolute responsibility of Client. DebtResolve will not be involved in
        any
        conversations relating to the debtor’s account. The technical support telephone
        line will be the responsibility of DebtResolve. Technical Support shall be
        limited to assisting debtors in utilizing or navigating the DebtResolve System.
        In no event will technical support include any assistance relating to the
        debt
        owed. Operators at the technical support line will direct debtors with any
        questions concerning their debts or accounts to call the Creditor customer
        service line.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        B

      DEBTOR
        ACCOUNT INFORMATION

      

      

      Invitation
        Code

       

      Product
        Code

       

      Product
        Account Number

       

      Client
        Account Number

       

      SS
        Number

       

      Status
        Indicator

       

      Balance

       

      Date
        Last
        Payment

       

      Days
        Past
        Due

       

      Last
        Pay
        Amount

       

      Account
        Score

       

      Cure
        Amount

       

      First
        Name

       

      Middle
        Name

       

      Last
        Name

       

      Address
        1

       

      Address
        2

       

      City

       

      State

       

      Zip

       

      Country

       

      Home
        Phone

       

      Work
        Phone

       

      Mobile
        Phone

       

      Fax
        Phone

       

      Email
        Address

       

      Comaker
        Flag

       

      Manual
        Settlement

       

      Settlement
        Percent

       

      Floor
        Amount

       

      Manual
        Max Term

       

      Discount
        Amount

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
        C

      DATA
        AVAILABLE FOR REAL-TIME ACCESS

      

      Client
        shall have the ability to view the following types of data, on a real-time
        basis, with respect to each account of an End-User within the Customized
        Solution database, by accessing the Customized Solution over the Internet
        through a password-protected log-in made available to Client:

      

      
        	Ø  	
                Detailed
                  User Activity

              

      

      
        	§  	
                customer
                  details

              

      

      
        	§  	
                account
                  details

              

      

      
        	§  	
                settlement
                  floor & overrides

              

      

      
        	§  	
                workflow
                  (time stamped passage through
                  system)

              

      

      
        	§  	
                offer
                  history

              

      

      
        	§  	
                disputes

              

      

      
        	§  	
                qualifying
                  treatment

              

      

      
        	§  	
                payment
                  history

              

      

      
        	§  	
                notification
                  history

              

      

      
        	§  	
                login
                  history

              

      

      

      
        	Ø  	
                Group/Product
                  Usage Statistics

              

      

      
        	§  	
                balances
                  settled

              

      

      
        	§  	
                dollars
                  impacted

              

      

      
        	§  	
                registered
                  users

              

      

      
        	§  	
                accounts
                  invited

              

      

      

      
        	Ø  	
                Bidding
                  Process Statistic

              

      

      

      
        	Ø  	
                Payment
                  Summary/Detail Statistics

              

      

      

      
        	Ø  	
                All
                  Registrations/Logins

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
        D

      FEES

      

      

      Client
        shall pay to DebtResolve the following Fees, in accordance with the time
        schedule specified herein. DebtResolve shall be entitled to be reimbursed
        for
        any transaction fees, discounts or other third party expenses incurred in
        processing any payment.

      

      
        	·  	
                Fixed
                  Licensing Fee for the Term paid on a monthly
                  basis.

              

      

      
        	·  	
                One-Time
                  Customized Solution Set-Up
                  Fee

              

      

      
        	·  	
                Fixed
                  Web pages monthly maintenance
                  fee

              

      

      
        	·  	
                Boarding/Setup
                  Fee for each Debtor account inputted into the Customized
                  Solution

              

      

      
        	·  	
                Click
                  Fees for each visit to Customized Solution Web pages and a Set-Up
                  Fee

              

      

      
        	·  	
                Transaction
                  fees for each Debtor offer submitted and responded to on behalf
                  of
                  creditor

              

      

      
        	·  	
                Fixed
                  “success fee” for each accepted payment arrangement (consider whether tail
                  is necessary)

              

      

      
        	·  	
                Percentage
                  “success fee” for each payment actually received on behalf of Client
                  (consider whether tail is
                  necessary)

              

      

       

      Client
        shall pay to DebtResolve an amount equal to ____ percent (___%) of the aggregate
        amounts paid to Client (prior to any reduction in the amounts paid due to
        transaction fees, discounts, or other third party expenses incurred in
        collection of, or processing, the amounts paid) on any account of any End-User
        who (i) utilized the Customized Solution and satisfied all or any portion
        of his
        or her account obligations through the Customized Solution; or (ii) satisfied
        all or any portion of his or her account obligations other than through the
        Customized Solution during a period commencing on the date on which such
        End-User’s Debtor Account Information is provided to DebtResolve and ending ___
        (___) days thereafter. 

      

      Any
        payment of a Fee shall be due and payable on or prior to the tenth
        (10th)
        day of
        the calendar month immediately following the month in which the collection
        giving rise to such Fee occurred. The payment of such Fee shall be accompanied
        by a monthly report from Client indicating the proceeds collected from each
        End-User during such month, including for each End-User account: (i) what
        amount
        of such collections were made through the Customized Solution, (ii) what
        amount
        of such collections were made other than through the Customized Solution,
        (iii)
        if payment was made other than through the Customized Solution, the date
        on
        which such payment was made and whether such payment was within the period
        for
        which Client owes DebtResolve a Fee; and (iv) the amount of any Fee owed
        DebtResolve as a result of payments made other than through the Customized
        Solution. To the extent DebtResolve has custody of such collected funds,
        DebtResolve shall have the right to deduct any Fees owed DebtResolve before
        transferring such proceeds to Client. 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        E

      PROGRAM
        STANDARD TERMS AND CONDITIONS

      

      The
        following are the Program Standard Terms and Conditions (the “Terms
        and Conditions”)
        incorporated into the DebtResolve Customized Solution Program License Agreement
        (the “Agreement”).
        By
        agreeing to the terms of the Agreement, the parties are agreeing to the terms
        and provisions included herein. Capitalized terms used but not defined herein
        shall have the meanings ascribed to them in the Agreement.

       

      1.  Regulatory
        Compliance. DebtResolve
        acknowledges that Client may be in a regulated industry, or subject to
        legislative requirements that relate to customer data privacy and information
        security. To the extent applicable to Client, promptly upon execution of
        the
        Agreement, Client shall provide DebtResolve with written instructions detailing
        Client’s privacy and information security requirements and procedures
        established for its contractors. DebtResolve agrees to use commercially
        reasonably efforts to abide by such privacy and information security
        requirements. Client acknowledges and agrees that DebtResolve has not
        represented itself to Client as a debt collector nor has DebtResolve offered
        to
        perform the services of a debt collector. To the extent Client’s activities ay
        be subject to debt collection or similar laws or regulations, whether state
        or
        federal, compliance with such laws or regulations shall be the sole
        responsibility of Client.

       

      2.  Intellectual
        Property Protections.

       

      2.1.  No
        Right to Own Derivative Works; No Reverse Engineering.
        Client
        shall not, nor shall Client permit any third party to, disassemble, reverse
        engineer, de-compile, alter, or otherwise modify the DebtResolve System or
        the
        Customized Solution, including without limitation, the software used in
        connection with such system. Any derivative works from, or other improvements
        or
        enhancements to, the DebtResolve System or the Customized Solution and any
        other
        Intellectual Property created, acquired or developed by or for Client that
        is
        directly or indirectly derived from the DebtResolve System or the Customized
        Solution shall be owned exclusively by DebtResolve. Client shall not
remove,
        nor permit any person to remove any copyright, trademark, patent, or other
        proprietary notices from any portion of the DebtResolve System or Customized
        Solution, including, without limitation, the software associated
        therewith.
        Client
        shall have no right to receive or use the source code of the software associated
        with the DebtResolve System or the Customized Solution. Client shall not
        take
        any action that is inconsistent with DebtResolve’s ownership of the DebtResolve
        System and Customized Solution.

       

      2.2.  Terms
        of Use.
        No
        End-User shall be permitted to utilize or access the Customized Solution
        until
        such End-User shall have agreed to Client’s terms of use, as the same may be
        amended from time to time (the “Terms
        of Use”).
        Such
        Terms of Use will be a click-wrap agreement made available as part of the
        End-User’s registration to use the Customized Solution.

       

      3.  CLIENT
        INTELLECTUAL PROPERTY LICENSES
         

      

      3.1.  Trademark.
        Client
        hereby grants to DebtResolve for the Term of this Agreement a nonexclusive,
        royalty-free right and license to use, display and reproduce Client’s name,
        logo, trademarks and service marks (collectively, the “Client
        Trademarks”),
        solely for the purpose of effectuating DebtResolve’s duties and obligations
        under this Agreement, including, without limitation, use in connection with
        the
        Customized Solution. All of Client’s rights in and to the Client Trademarks will
        remain at all times the sole and exclusive property of Client. DebtResolve
        shall
        comply with the standards established by Client and provided to DebtResolve
        in
        writing with respect to the form of the Client Trademarks, their usage, and
        the
        underlying goods and/or services. All use of the Client Trademarks shall
        inure
        to the benefit of Client. 

       

      3.2.  Copyright.
        Client
        hereby grants to DebtResolve for the Term of this Agreement a nonexclusive,
        royalty-free right and license to use, display and reproduce all copyrighted
        and
        copyrightable materials supplied to DebtResolve by or on behalf of Client,
        including, without limitation, Client’s web site privacy policy and Terms of Use
        (such materials, collectively, the “Client
        Copyrightable Materials”)
        solely
        for the purpose of effectuating DebtResolve’s duties and obligations under this
        Agreement. All of Client’s rights in and to the Client Copyrightable Materials
        will remain at all times the sole and exclusive property of Client.

       

      4.  Representations
        and Warranties.

       

      4.1.  Mutual
        Representations and Warranties.
        Each
        Party represents and warrants to the other Party that: (i) it is a corporation,
        limited liability company, or other entity (as set forth on the first page
        to
        the Agreement), duly organized, validly existing and in good standing under
        the
        laws of its state of organization (as set forth in the introductory paragraph
        to
        the Agreement) (ii) it
        has
        full power and authority to enter into this Agreement and to consummate the
        transactions and perform its obligations contemplated hereby; (iii) the
        execution, delivery and performance by such Party of this Agreement have
        been
        duly authorized by all requisite company action; (iv) this Agreement has
        been
        duly executed and delivered by such Party and constitutes a valid and binding
        agreement of it, enforceable in accordance with its terms, except as
        enforceability may be limited by bankruptcy, insolvency, reorganization or
        similar laws affecting creditors' rights generally or by general equitable
        principles; and (v) the
        execution, delivery and performance of this Agreement by such Party does
        not
        constitute or cause a breach of its organizational documents, governing
        documents, any license or permit, or any other agreement to which it is a
        party.

       

      4.2.  Disclaimer
        of Representations and Warranties.
        TO THE
        MAXIMUM EXTENT PERMITTED BY LAW, EXCEPT AS SET FORTH IN THIS AGREEMENT, EACH
        PARTY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS, IMPLIED
        OR
        STATUTORY, ORAL OR IN WRITING, ARISING UNDER THE LAWS OF THE UNITED STATES,
        INCLUDING, WITHOUT LIMITATION, WITH RESPECT TO VALIDITY, ENFORCEABILITY,
        NON-INTERRUPTION, ERROR-FREE OPERATION, MERCHANTABILITY, FITNESS FOR A
        PARTICULAR PURPOSE, NON-INFRINGEMENT OR THE LIKE WITH RESPECT TO THIS AGREEMENT,
        THE TRANSACTIONS CONTEMPLATED HEREBY AND THE GOODS AND SERVICES TO BE PROVIDED
        HEREUNDER.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      5.  Infringement.

       

      5.1.  Defense
        Against Infringement Claims.
        .
        Subject to the penultimate sentence of this paragraph, DebtResolve shall
        defend
        and hold harmless Client from and against any infringement claims, demands
        or
        actions by a third party relating to the use of the Customized Solution in
        the
        Licensed Field and Licensed Territory (“Third
        Party Infringement Claims”).
        Client agrees to cooperate with DebtResolve with respect to the foregoing.
        Client shall have no claim of any kind against DebtResolve based on or arising
        from DebtResolve’s handling of or decisions concerning any such Third Party
        Infringement Claim, or any settlement or compromise thereof, and Client hereby
        irrevocably releases DebtResolve from any such claim. DebtResolve shall have
        no
        obligation pursuant to this Section 5 in connection with any claim that arises
        because of (i) any modification or enhancement to the Customized Solution
        other
        than by DebtResolve; (ii) specifications required by Client or materials
        provided by Client that are included in the Customized Solution (including,
        without limitation, the Customized Solution Database, Terms of Use, Client
        Trademarks, Client Copyrightable Materials and privacy policy); (iii) use
        of the
        Customized Solution in any way other than as intended and permitted by the
        Agreement, or (iv) Client’s failure to use a work-around or substitute made
        available by DebtResolve for the Intellectual Property at issue. In the case
        of
        any claim arising by reason identified in the immediately preceding subsections
        (i), (ii), (iii) or (iv), Client will defend, indemnify and hold DebtResolve
        harmless from any such claims.

       

      5.2.  Infringement
        Remedy.
        In the
        event that the Customized Solution is held by a court of competent jurisdiction,
        pursuant to a final order from which no legal appeal can be taken, to infringe
        the Intellectual Property rights of a third party in the Licensed Territory,
        or
        threatened to so infringe, then DebtResolve shall use commercially reasonable
        efforts to either (i) procure for Client the right to continue using the
        Customized Solution; or (ii) replace or modify the Customized Solution to
        make
        the same noninfringing. In the event DebtResolve determines it not to be
        commercially reasonable to either (i) procure for Client the right to continue
        using the Customized Solution or (ii) replace or modify the Customized Solution
        to make the same noninfringing, then DebtResolve may terminate the Agreement,
        which termination shall relieve Client of its obligations to pay Fees following
        the date of such final order and entitle Client to reimbursement of any Fees
        previously paid for the period following the date of the final order. This
        Section 5.2 sets forth Client’s sole and exclusive rights and remedies, and
        DebtResolve’s sole and exclusive obligations and liability, under this Agreement
        with respect to any infringement, misappropriation, dilution or other violation
        of the Intellectual Property rights of any third party.

       

      6.  Record
        Retention and Inspection.
        DebtResolve shall retain the records relating to transactions that occur
        through
        the Customized Solution (the “Transaction
        Records”)
        for a
        period of one (1) year or longer, if required by law. Upon reasonable written
        notice, during the Term, Client shall be permitted to inspect the Transaction
        Records at DebtResolve’s place of business unless the Parties mutually agree on
        a different location. Client’s inspection shall be performed during normal
        business hours and shall be performed in such a manner so as to not interfere
        with the regular operations of DebtResolve.

       

      7.  Indemnification
         

      

      7.1.  Indemnification.
        Subject
        to Sections 5.2 and 7.3 of these Terms and Conditions, each Party (an
“Indemnifying
        Party”)
        agrees
        to defend, indemnify, and hold the other Party, and its respective directors,
        officers, employees and agents (the “Indemnified
        Party”),
        harmless from and against any and all Losses, resulting from, arising out
        of, or
        in any way connected with claims due to (i) the material breach by the
        Indemnifying Party of any of its representations, warranties, covenants or
        agreements contained herein, or (ii) the grossly negligent, intentionally
        wrongful or illegal acts or omissions of the Indemnifying Party or any of
        its
        dealers, agents, employees or subcontractors. In addition, Client agrees
        to
        defend, indemnify, and hold DebtResolve, and its respective directors, officers,
        employees and agents harmless from and against any and all Losses resulting
        from
        claims, arising out of, or in any way connected with, (a) the Client Trademarks,
        (b) the Client Copyrightable Materials, or (c) compliance by DebtResolve
        with
        any specifications required by Client in connection with the Customized Solution
        or the related services. Notwithstanding anything herein to the contrary,
        the
        foregoing indemnification shall not apply to any Losses by Client resulting
        from, arising out of, or in any way connected with Third Party Infringement
        Claims. 

       

      7.2.  Procedures.
        With
        respect to any third-party claims, it will be an ongoing condition of the
        foregoing indemnity that the Indemnified Party give the Indemnifying Party
        prompt written notice of any actual or threatened claim, and provide the
        Indemnifying Party with all reasonably accessible information regarding such
        claims in the Indemnified Party’s possession. If the Indemnifying Party fails to
        undertake and continue such defense, the Indemnified Party will have the
        right
        (but not the obligation) to make and continue such defense as it considers
        appropriate, and the expenses and costs thereof, including but not limited
        to
        reasonable attorneys’ fees, out-of-pocket expenses and the costs of an appeal
        and bond thereof, together with the amounts of any judgment rendered against
        the
        Indemnified Party, will be paid by the Indemnifying Party. The Indemnifying
        Party shall not enter into any settlement of an indemnified claim that does
        not
        provide the Indemnified Party with a general release as a condition of
        settlement without the prior written approval of the Indemnified Party.

       

      7.3.  Damage
        Limitations.
        NOTWITHSTANDING
        ANY PROVISIONS IN THIS AGREEMENT TO THE CONTRARY, UNDER
        NO
        CIRCUMSTANCES WILL EITHER PARTY BE LIABLE TO THE OTHER PARTY WITH RESPECT
        TO ANY
        SUBJECT MATTER OF THIS AGREEMENT FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL,
        SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES ARISING FROM ANY PROVISION OF THIS
        AGREEMENT, SUCH AS, BUT NOT LIMITED TO, LOSS OF REVENUE OR ANTICIPATED PROFITS
        OR LOST BUSINESS EVEN IF INFORMED OF THE POSSIBILITY THEREOF. THESE LIMITATIONS
        SHALL APPLY NOTWITHSTANDING ANY FAILURE OF ESSENTIAL PURPOSE AND APPLIES
        TO ALL
        CAUSES OF ACTION IN THE AGGREGATE INCLUDING, WITHOUT LIMITATION, BREACH OF
        CONTRACT, BREACH OF WARRANTY, NEGLIGENCE, STRICT LIABILITY, MISREPRESENTATION,
        AND OTHER TORTS.
        DEBTRESOLVE’S MAXIMUM LIABILITY UNDER THIS AGREEMENT SHALL BE AN AMOUNT EQUAL TO
        THE FEES ACTUALLY RECEIVED BY IT DURING THE TERM.

       

      
        
          
          

        

        
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      7.4.  Survival.
        The
        indemnification obligations contained in this Section 7 of these Terms and
        Conditions will survive the termination or expiration of the Agreement for
        a
        period of one (1) year after the date of such termination or
        expiration.

       

      8.  Confidential
        Information

       

      8.1.  “Confidential
        Information”
        means:
        (i) the specific terms and conditions of this Agreement (but not the existence
        hereof); (ii) any information, in whatever form, designated by a Party
        (“Disclosing
        Party”)
        in
        writing as confidential, proprietary and marked with words of like import
        when
        first provided to the other Party (“Receiving
        Party”);
        and
        (iii) information the Receiving Party knew or reasonably should have known
        was
        confidential. Confidential Information will not include information which:
        (i)
        at or prior to the time of disclosure was known to the Receiving Party through
        lawful means; (ii) at or after the time at which the disclosure by the
        Disclosing Party becomes generally available to the public through no act
        or
        omission on the Receiving Party’s party; (iii) is
        developed by the Receiving Party independent of any Confidential Information
        it
        receives from the Disclosing Party;
        or (iv)
        the Receiving Party lawfully receives from a third party free to make such
        disclosure without breach of any legal obligation on such third party.
        Aggregated Debtor Account Information and Customized Solution transaction
        data
        (in each case, that do not contain any personally identifying information)
        and
        End-User e-mail addresses shall not be deemed Confidential Information and
        DebtResolve shall be permitted to use such information for purposes of
        benchmarking, evaluating and demonstrating results and other uses.

       

      8.2.  Requirements.
        Each
        Party shall use the Confidential Information of the other Party solely to
        fulfill its obligations and exercise its rights under this Agreement and,
        without the prior written consent of the Disclosing Party, otherwise shall
        not
        disclose any of the Disclosing Party’s Confidential Information to any third
        party. Except as otherwise provided in the Agreement, all Confidential
        Information of the Disclosing Party shall remain at all times the sole and
        exclusive property of the Disclosing Party. The Receiving Party shall use
        the
        same measures used to protect the Disclosing Party’s Confidential Information as
        it uses to protect its own Confidential Information, but in no event less
        than
        commercially reasonable measures. 

       

      8.3.  Disclosure
        Due to Legal Obligations.
        The
        Receiving Party may disclose Confidential Information pursuant to any statute,
        regulation, order subpoena or document discovery request, including, without
        limitation, in publicly filed disclosure documents of the Receiving Party
        under
        federal or state securities laws if deemed reasonably necessary on advice
        of
        legal counsel; provided that prior written notice of such disclosure is
        furnished to the Disclosing Party as soon as practicable in order to afford
        it
        an opportunity to seek a protective order (it being agreed that if the
        Disclosing Party is unable to obtain or does not seek a protective order
        and the
        Receiving Party is legal compelled to disclose such information, disclosure
        of
        such information may be made without liability).

       

      8.4.  Return
        of Information.
        The
        Receiving Party shall, at the request of the Disclosing Party, retrieve all
        Confidential Information from its officers, employees, agents, advisors and
        subcontractors and thereafter shall (a) promptly return all Confidential
        Information held or used by the Receiving Party in whatever form, or (b)
        at the
        discretion of the Disclosing Party, promptly destroy all such Confidential
        Information, and promptly cause an officer of the Receiving Party to certify
        that the requirements of this Section 8.4 of these Terms and Conditions have
        been fully complied with; provided, that during the Term the Disclosing Party
        shall not make such a request with respect to Confidential Information necessary
        for the Receiving Party to perform its obligations hereunder.

       

      8.5.  Injunctions.
        In view
        of the difficulties of placing a monetary value on the Confidential Information,
        the Disclosing Party shall be entitled to a preliminary and final injunction
        without the necessity of posting any bond or undertaking in connection therewith
        to prevent any further breach of this Section or further unauthorized use
        of its
        Confidential Information. This remedy is separate from and in addition to
        any
        other remedy the Disclosing Party may have at law or equity.

       

      9.  Hosting.
        The
        Customized Solution shall be hosted on secure servers, located behind a
        firewall, maintained by DebtResolve. DebtResolve agrees to make commercially
        reasonable efforts to keep the Customized Solution operational 99.99% of
        the
        time, 24 hours a day, seven days a week, except for scheduled system
        maintenance. Client acknowledges and agrees that the Internet and Internet
        servers are susceptible to terminations and other interruptions and down
        time
        that are beyond the control of DebtResolve and for which DebtResolve shall
        not
        be liable. 

       

      10.  Miscellaneous
         

      

      10.1.  Assignment.
        This
        Agreement will be binding on and will inure to the benefit of the Parties
        hereto
        and their respective successors and assigns. This Agreement may not be assigned
        or otherwise transferred by either Party without the express written consent
        of
        the other Party. 

       

      10.2.  Client
        Link Placement.
        Client
        shall place hyperlinks within its website, on pages and locations on pages
        as
        agreed by the Parties, to the web pages containing the Customized Solutions,
        for
        purposes of encouraging use of, and facilitating access to, the web pages
        containing the Customized Solution. 

       

      10.3.  Force
        Majeure.
        Neither
        Party
        hereto
        shall be liable for loss or damage resulting from any delay or non-performance,
        or be held to be in breach, nor shall the other Party be entitled to terminate
        this Agreement, due to any cause or causes beyond its reasonable control,
        including, without limitation, an act of the other party, malfunctioning
        or
        nonfunctioning of equipment, a delay in transportation, acts of God, fire,
        flood, earthquake, storm, war, sabotage, riot, civil commotion, or because
        of
        any law, rule, regulation, order or other action by any public
        authority.

       

      10.4.  Entire
        Agreement; No Waiver.
        The
        Agreement contains the entire agreement between the Parties and may not be
        modified or amended except by a written instrument signed by both Parties.
        Neither the failure to insist upon strict performance of any of the terms,
        covenants or conditions of the Agreement, nor the acceptance of monies due
        hereunder with knowledge of a breach of this Agreement, shall be deemed a
        waiver
        of any rights or remedies that either Party may have or a waiver of any
        subsequent breach or default in any of such agreements, terms, covenants
        and
        conditions. 

       

      10.5.  Modification
        and Severability.
        Wherever
        possible, each provision of this Agreement shall be interpreted in such manner
        as to be effective and valid under applicable law, but if any provision of
        this
        Agreement shall be prohibited by or invalid under applicable law, such provision
        shall be deemed modified to the extent necessary to make it enforceable under
        applicable law. If any such provision is not enforceable as set forth in
        the
        preceding sentence, the unenforceability of such provision shall not affect
        the
        other provisions of this Agreement, but this Agreement
        shall be construed as if such unenforceable provision had never been contained
        herein.

       

      
        
          
          

        

        
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      10.6.  Governing
        Law.
        This
        Agreement will be governed by the laws of the State of New York without regard
        to its principles of conflicts of laws. 

       

      10.7.  Dispute
        Resolution; Arbitration.
        Any
        dispute between the Parties arising out of or related to this Agreement shall
        be
        resolved by final and binding arbitration to be conducted within Westchester
        County, New York, before a single arbitrator in accordance with the then
        current
        Commercial Arbitration Rules of the American Arbitration Association
        (“AAA”
        and
“Rules
        of the AAA”).
        Either Party may commence arbitration. The arbitrator shall be selected by
        the
        Members from the AAA panel list in accordance with the appointment Rules
        of the
        AAA. Any award of the arbitrator shall be in writing, shall state the reasons
        for the award (including any findings of fact and conclusions of law), and
        shall
        explain the basis for any damages awarded. The United States Arbitration
        Act, 9
        U.S.C. Sections 1 to 14 (as amended), shall govern the interpretation and
        enforcement of this Section 10.7 of these Terms and Conditions. Judgment
        upon
        the arbitration award shall be entered in any court having jurisdiction over
        (a)
        the party against whom the judgment was rendered or (b) such party’s property.
        Notwithstanding the foregoing, either party may seek equitable relief in
        a court
        of competent jurisdiction to preserve the status
        quo
        until
        such time as a decision by the arbitrator is rendered.
        

       

      10.8.  Export
        Control Regulations.
        Client
        acknowledges and agrees that none of the software or technology underlying
        the
        Customized Solution may be downloaded or otherwise exported or re-exported
        into
        or to a national or resident of any country to which the United States has
        embargoed goods or to anyone on the U.S. Treasury Department’s List of Specially
        Designated Nationals or the U.S. Commerce Department’s Table of Denial Orders.
        Client represents and warrants that it is not located in, under the control
        of,
        or a national or resident of any such country or on any such list.

       

      10.9.  Interpretation.
        The
        Parties acknowledge and agree that this Agreement has been freely negotiated
        and
        entered into by each Party and that no court should in any manner construe
        any
        ambiguity against the draftsman solely by virtue of its role as draftsman.
        Unless the context indicates otherwise, the term “or” shall be deemed to include
        the term “and” and the singular or plural number shall be deemed to include the
        other.

       

      10.10.  Independent
        Parties.
        The
        parties acknowledge, confirm and agree that they are independent contractors
        and
        this Agreement is not intended to create a joint venture, association,
        partnership, franchise or other form of business or relationship. Except
        as
        expressly provided in this Agreement, neither Party will have, nor hold itself
        out as having, any right or power or authority to assume, create or incur
        any
        expense, liability or obligation, express or implied, on behalf of the other
        Party, or to act on behalf of the other Party in any capacity or in any
        manner.

       

       

      [End
        of
        General Terms and Conditions]

       

      
        
          
          

        

        
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