Document:

THIS
      NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS NOTE AND THE
      COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED
      FOR
      SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO THE TUBE MEDIA CORP. THAT SUCH REGISTRATION IS NOT
      REQUIRED.

    

    
      	
              Principal
                Amount $40,000.00

            	
              Issue
                Date: October 23, 2006

            

    

    

    CONVERTIBLE
      NOTE

    

    FOR
      VALUE
      RECEIVED, THE TUBE MEDIA CORP., a Delaware corporation (hereinafter called
      "Borrower"), hereby promises to pay to Michael Brauser located at Marlin Capital
      Partners, 595 S Federal Highway, Boca Raton, FL 33432 (the "Holder") or order,
      without demand, the sum of Forty Thousand Dollars ($40,000.00), with interest
      accruing thereon, on December 31, 2006 (the "Maturity Date"), if not retired
      sooner.

    

    The
      following terms shall apply to this Note:

    

    ARTICLE
      I

    

    GENERAL
      PROVISIONS

    

    1.1 Interest
      Rate.
      Interest shall accrue on this Note at the rate of 8% per annum based on 365
      day
      calendar year. Following the occurrence and during the continuance of an Event
      of Default, which, if susceptible to cure is not cured within ten (10) days,
      otherwise then from the first date of such occurrence, the annual interest
      rate
      on this Note shall (subject to Section 4.7) be fifteen percent (15%) and
      calculated on a 365 day year.

    

    1.2 Maturity
      Date.
      Subject
      to the right of the Holder with respect to its conversion rights hereunder,
      all
      principal with interest accruing thereon is otherwise due on the earlier
      December 31, 2006 (the "Maturity Date"); provided
      however, that should the Borrower close a subsequent financing transaction
      of
      either debt or equity in an amount exceeding $1,000,000 prior to the Maturity
      Date, then this Note shall become due and payable in full at such closing of
      the
      subsequent financing, inclusive of all interest

    

    1.3 Conversion
      Privileges.
      The
      Conversion Privileges set forth in Article II shall remain in full force and
      effect immediately from the occurrence of an Event of Default as defined in
      Article III hereof and until the Note is paid in full regardless of the
      subsequent cure of the Event of Default. The Note shall be payable in full
      on
      the Maturity Date, unless previously converted into Common Stock in accordance
      with Article II hereof.

    
      
        
        

      

      
        1

        
          

        

      

       

    

    ARTICLE
      II

    

    CONVERSION
      RIGHTS

    

    The
      Holder shall have the right to convert the principal and any interest due under
      this Note into Shares of the Borrower's Common Stock, $.0001 par value per
      share
      (“Common Stock”) as set forth below.

    

    2.1. Conversion
      into the Borrower's Common Stock.

    

    (a) The
      Holder shall have the right from and after the date of the occurrence of an
      Event of Default and then at any time until this Note is fully paid, to convert
      any outstanding and unpaid principal portion of this Note, and accrued interest,
      at the election of the Holder (the date of giving of such notice of conversion
      being a "Conversion Date") into fully paid and nonassessable shares of Common
      Stock as such stock exists on the date of issuance of this Note, or any shares
      of capital stock of Borrower into which such Common Stock shall hereafter be
      changed or reclassified, at the conversion price as defined in Section 2.1(b)
      hereof (the "Conversion Price"), determined as provided herein. Upon delivery
      to
      the Borrower of a completed Notice of Conversion, a form of which is annexed
      hereto, Borrower shall issue and deliver to the Holder within three (3) business
      days after the Conversion Date (such third day being the “Delivery Date”) that
      number of shares of Common Stock for the portion of the Note converted in
      accordance with the foregoing. At the election of the Holder, the Borrower
      will
      deliver accrued but unpaid interest on the Note, if any, through the Conversion
      Date directly to the Holder on or before the Delivery Date (as defined in the
      Subscription Agreement). The number of shares of Common Stock to be issued
      upon
      each conversion of this Note shall be determined by dividing that portion of
      the
      principal of the Note and interest, if any, to be converted, by the Conversion
      Price.

    

    (b)  Subject
      to adjustment as provided in Section 2.1(c) hereof, the Conversion Price per
      share shall be $2.25 (“Conversion Price).

    

    (c) 
      The
      Conversion Price and number and kind of shares or other securities to be issued
      upon conversion determined pursuant to Section 2.1(a), shall be subject to
      adjustment from time to time upon the happening of certain events while this
      conversion right remains outstanding, as follows:

    

    A. Merger,
      Sale of Assets, etc. If the Borrower at any time shall consolidate with or
      merge
      into or sell or convey all or substantially all its assets to any other
      corporation, this Note, as to the unpaid principal portion thereof and accrued
      interest thereon, shall thereafter be deemed to evidence the right to purchase
      such number and kind of shares or other securities and property as would have
      been issuable or distributable on account of such consolidation, merger, sale
      or
      conveyance, upon or with respect to the securities subject to the conversion
      or
      purchase right immediately prior to such consolidation, merger, sale or
      conveyance. The foregoing provision shall similarly apply to successive
      transactions of a similar nature by any such successor or purchaser. Without
      limiting the generality of the foregoing, the anti-dilution provisions of this
      Section shall apply to such securities of such successor or purchaser after
      any
      such consolidation, merger, sale or conveyance.

    

    B. Reclassification,
      etc. If the Borrower at any time shall, by reclassification or otherwise, change
      the Common Stock into the same or a different number of securities of any class
      or classes that may be issued or outstanding, this Note, as to the unpaid
      principal portion thereof and accrued interest thereon, shall thereafter be
      deemed to evidence the right to purchase an adjusted number of such securities
      and kind of securities as would have been issuable as the result of such change
      with respect to the Common Stock immediately prior to such reclassification
      or
      other change.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    C. Stock
      Splits, Combinations and Dividends. If the shares of Common Stock are subdivided
      or combined into a greater or smaller number of shares of Common Stock, or
      if a
      dividend is paid on the Common Stock in shares of Common Stock, the Conversion
      Price shall be proportionately reduced in case of subdivision of shares or
      stock
      dividend or proportionately increased in the case of combination of shares,
      in
      each such case by the ratio which the total number of shares of Common Stock
      outstanding immediately after such event bears to the total number of shares
      of
      Common Stock outstanding immediately prior to such event..

     

    (d) Whenever
      the Conversion Price is adjusted pursuant to Section 2.1(c) above, the Borrower
      shall promptly mail to the Holder a notice setting forth the Conversion Price
      after such adjustment and setting forth a statement of the facts requiring
      such
      adjustment.

    

    2.2 Method
      of Conversion.
      This
      Note may be converted by the Holder in whole or in part as described in Section
      2.1(a) hereof and the Subscription Agreement. Upon partial conversion of this
      Note, a new Note containing the same date and provisions of this Note shall,
      at
      the request of the Holder, be issued by the Borrower to the Holder for the
      principal balance of this Note and interest which shall not have been converted
      or paid.

    

    2.3 Maximum
      Conversion.
      The
      Holder shall not be entitled to convert on a Conversion Date that amount of
      the
      Note in connection with that number of shares of Common Stock which would be
      in
      excess of the sum of (i) the number of shares of Common Stock beneficially
      owned
      by the Holder and its affiliates on a Conversion Date, (ii) any Common Stock
      issuable in connection with the unconverted portion of the Note, and (iii)
      the
      number of shares of Common Stock issuable upon the conversion of the Note with
      respect to which the determination of this provision is being made on a
      Conversion Date, which would result in beneficial ownership by the Holder and
      its affiliates of more than 4.99% of the outstanding shares of Common Stock
      of
      the Borrower on such Conversion Date. For the purposes of the provision to
      the
      immediately preceding sentence, beneficial ownership shall be determined in
      accordance with Section 13(d) of the Securities Exchange Act of 1934, as
      amended, and Regulation 13d-3 thereunder. Subject to the foregoing, the Holder
      shall not be limited to aggregate conversions of only 4.99% and aggregate
      conversion by the Holder may exceed 4.99%. The Holder shall have the authority
      and obligation to determine whether the restriction contained in this Section
      2.3 will limit any conversion hereunder and to the extent that the Holder
      determines that the limitation contained in this Section applies, the
      determination of which portion of the Notes are convertible shall be the
      responsibility and obligation of the Holder. The Holder may waive the conversion
      limitation described in this Section 2.3, in whole or in part, upon and
      effective after 61 days prior written notice to the Borrower to increase such
      percentage to up to 9.99%. 

    

    ARTICLE
      III

    

    EVENT
      OF DEFAULT

    

    The
      occurrence of any of the following events of default ("Event of Default") shall,
      at the option of the Holder hereof, make all sums of principal and interest
      then
      remaining unpaid hereon and all other amounts payable hereunder immediately
      due
      and payable, upon demand, without presentment, or grace period, all of which
      hereby are expressly waived, except as set forth below:

    

    3.1 Failure
      to Pay Principal or Interest.
      The
      Borrower fails to pay any installment of principal, interest or other sum due
      under this Note when due and such failure continues for a period of ten (10)
      days after the due date. The ten (10) day period described in this Section
      3.1
      is the same ten (10) day period described in Section 1.1 hereof.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    3.2 Breach
      of Covenant.
      The
      Borrower breaches any material covenant of this Note in any material respect
      and
      such breach, if subject to cure, continues for a period of ten (10) business
      days after written notice to the Borrower from the Holder.

    

    3.3 Breach
      of Representations and Warranties.
      Any
      material representation or warranty of the Borrower made herein, or in any
      agreement, statement or certificate given in writing pursuant hereto or in
      connection therewith shall be false or misleading in any material respect as
      of
      the date made and the Closing Date, and would otherwise have a material adverse
      effect on the Borrower.

    

    3.4 Receiver
      or Trustee.
      The
      Borrower shall make an assignment for the benefit of creditors, or apply for
      or
      consent to the appointment of a receiver or trustee for it or for a substantial
      part of its property or business; or such a receiver or trustee shall otherwise
      be appointed.

    

    3.5 Judgments.
      Any
      money judgment, writ or similar final process shall be entered or filed against
      Borrower or any of its property or other assets for more than $500,000, and
      shall remain unvacated, unbonded or unstayed for a period of forty-five (45)
      days.

    

    3.6 Bankruptcy.
      Bankruptcy, insolvency, reorganization or liquidation proceedings or other
      proceedings or relief under any bankruptcy law or any law, or the issuance
      of
      any notice in relation to such event, for the relief of debtors shall be
      instituted by or against the Borrower and if instituted against Borrower are
      not
      dismissed within 45 days of initiation.

    

    3.7  Delisting.
      Delisting of the Common Stock from any Principal Market; failure to comply
      with
      the requirements for continued listing on a Principal Market for a period of
      seven consecutive trading days; or notification from a Principal Market that
      the
      Borrower is not in compliance with the conditions for such continued listing
      on
      such Principal Market.

    

    3.8 Non-Payment.
      A
      default by the Borrower under any one or more obligations in an aggregate
      monetary amount in excess of $500,000 for more than twenty days after the due
      date, unless the Borrower is contesting the validity of such obligation in
      good
      faith.

    

    3.9 Stop
      Trade.
      An SEC
      or judicial stop trade order or Principal Market trading suspension that lasts
      for five or more consecutive trading days.

    

    3.10 Failure
      to Deliver Common Stock or Replacement Note.
      Borrower's failure to timely deliver Common Stock to the Holder pursuant to
      and
      in the form required by this Note or, if required, a replacement
      Note.

    

    3.11 Reservation
      Default.
      Failure
      by the Borrower to have reserved for issuance upon conversion of the Note the
      amount of Common stock as set forth in this Note.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IV

    

    HOLDER
      REPRESENTATIONS

    

    Holder
      hereby represents and warrants to and agrees with the Company only as to such
      Holder that:

    

    (a) Information
      on Company.
      The
      Holder has been furnished with or has had access at the EDGAR Website of the
      Commission to the Company's Form 10-KSB for the year ended December 31, 2005
      and
      all periodic reports filed with the Commission thereafter not later than five
      days before the Closing Date (hereinafter referred to as the "Reports").
      In
      addition, the Holder has received in writing from the Company such other
      information concerning its operations, financial condition and other matters
      as
      the Holder has requested in writing (such other information is collectively,
      the
      "Other
      Written Information"),
      and
      considered all factors the Holder deems material in deciding on the advisability
      of investing in the Securities. 

    

    (b) Information
      on Holder.
      The
      Holder is, and will be at the time of the conversion of the Notes, an
      "accredited investor", as such term is defined in Regulation D promulgated
      by
      the Commission under the 1933 Act, is experienced in investments and business
      matters, has made investments of a speculative nature and has purchased
      securities of United States publicly-owned companies in private placements
      in
      the past and, with its representatives, has such knowledge and experience in
      financial, tax and other business matters as to enable the Holder to utilize
      the
      information made available by the Company to evaluate the merits and risks
      of
      and to make an informed investment decision with respect to the proposed
      purchase, which represents a speculative investment. The Holder has the
      authority and is duly and legally qualified to purchase and own the Securities.
      The Holder is able to bear the risk of such investment for an indefinite period
      and to afford a complete loss thereof. The information set forth on the
      signature page hereto regarding the Holder is accurate.

    

    (c) Purchase
      of Notes.
      On the
      Closing Date, the Holder will purchase the Notes as principal for its own
      account for investment only and not with a view toward, or for resale in
      connection with, the public sale or any distribution thereof, but Holder does
      not agree to hold the Notes and Warrants for any minimum amount of
      time.

    

    (d) Compliance
      with Securities Act.
      The
      Holder understands and agrees that the Securities have not been registered
      under
      the 1933 Act or any applicable state securities laws, by reason of their
      issuance in a transaction that does not require registration under the 1933
      Act
      (based in part on the accuracy of the representations and warranties of Holder
      contained herein), and that such Securities must be held indefinitely unless
      a
      subsequent disposition is registered under the 1933 Act or any applicable state
      securities laws or is exempt from such registration. Notwithstanding anything
      to
      the contrary contained in this Agreement, such Holder may transfer (without
      restriction and without the need for an opinion of counsel) the Securities
      to
      its Affiliates (as defined below) provided that each such Affiliate is an
“accredited investor” under Regulation D and such Affiliate agrees to be bound
      by the terms and conditions of this Agreement. For the purposes of this
      Agreement, an “Affiliate”
of
      any
      person or entity means any other person or entity directly or indirectly
      controlling, controlled by or under direct or indirect common control with
      such
      person or entity. Affiliate when employed in connection with the Company
      includes each Subsidiary [as defined in Section 5(a)] of the Company. For
      purposes of this definition, “control”
means
      the power to direct the management and policies of such person or firm, directly
      or indirectly, whether through the ownership of voting securities, by contract
      or otherwise.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (e) Shares
      Legend.
      The
      Shares shall bear the following or similar legend:

     

    "THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED. THESE SHARES MAY NOT BE SOLD, OFFERED FOR
      SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT UNDER SUCH SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAW
      OR AN
      OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE TUBE MEDIA CORP. THAT SUCH
      REGISTRATION IS NOT REQUIRED."

    

    (f) Note
      Legend.
      The
      Note shall bear the following legend:

     

    "THIS
      NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS NOTE AND THE
      COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED
      FOR
      SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO THE TUBE MEDIA CORP. THAT SUCH REGISTRATION IS NOT
      REQUIRED."

     

    (g) Communication
      of Offer.
      The
      offer to sell the Securities was directly communicated to the Holder by the
      Company. At no time was the Holder presented with or solicited by any leaflet,
      newspaper or magazine article, radio or television advertisement, or any other
      form of general advertising or solicited or invited to attend a promotional
      meeting otherwise than in connection and concurrently with such communicated
      offer.

     

    (h) Authority;
      Enforceability.
      This
      Agreement and other agreements delivered together with this Agreement or in
      connection herewith have been duly authorized, executed and delivered by the
      Holder and are valid and binding agreements enforceable in accordance with
      their
      terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization,
      moratorium and similar laws of general applicability relating to or affecting
      creditors’ rights generally and to general principles of equity; and Holder has
      full corporate power and authority necessary to enter into this Agreement and
      such other agreements and to perform its obligations hereunder and under all
      other agreements entered into by the Holder relating hereto.

    

    (i) No
      Governmental Review.
      Holder
      understands that no United States federal or state agency or any other
      governmental or state agency has passed on or made recommendations or
      endorsement of the Securities or the suitability of the investment in the
      Securities nor have such authorities passed upon or endorsed the merits of
      the
      offering of the Securities.

    

    (j) Correctness
      of Representations.
      Holder
      represents as that the foregoing representations and warranties are true and
      correct as of the date hereof and, unless a Holder otherwise notifies the
      Company prior to the Closing Date shall be true and correct as of the Closing
      Date.

    

    (k) Survival.
      The
      foregoing representations and warranties shall survive the Closing Date until
      three years after the Closing Date.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    ARTICLE
      V

    

    MISCELLANEOUS

    

    5.1 Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of Holder hereof in the exercise of any power,
      right or privilege hereunder shall operate as a waiver thereof, nor shall any
      single or partial exercise of any such power, right or privilege preclude other
      or further exercise thereof or of any other right, power or privilege. All
      rights and remedies existing hereunder are cumulative to, and not exclusive
      of,
      any rights or remedies otherwise available.

    

    5.2 Notices.
      All
      notices, demands, requests, consents, approvals, and other communications
      required or permitted hereunder shall be in writing and, unless otherwise
      specified herein, shall be (i) personally served, (ii) deposited in the mail,
      registered or certified, return receipt requested, postage prepaid, (iii)
      delivered by reputable air courier service with charges prepaid, or (iv)
      transmitted by hand delivery, telegram, or facsimile, addressed as set forth
      below or to such other address as such party shall have specified most recently
      by written notice. Any notice or other communication required or permitted
      to be
      given hereunder shall be deemed effective (a) upon hand delivery or delivery
      by
      facsimile, with accurate confirmation generated by the transmitting facsimile
      machine, at the address or number designated below (if delivered on a business
      day during normal business hours where such notice is to be received), or the
      first business day following such delivery (if delivered other than on a
      business day during normal business hours where such notice is to be received)
      or (b) on the second business day following the date of mailing by express
      courier service, fully prepaid, addressed to such address, or upon actual
      receipt of such mailing, whichever shall first occur. The addresses for such
      communications shall be: (i) if to the Borrower to: The Tube Media Corp., 1451
      West Cypress Creek Road, Ft. Lauderdale, FL 33309, Attn: Celestine F. Spoden,
      telecopier: 954-714-8500, with a copy by telecopier only to: Blank Rome LLP,
      1200 N. Federal Highway, Suite 417, Boca Raton, FL 33432, Attn: Bruce C.
      Rosetto, Esq., telecopier: (561) 417-8186, and (ii) if to the Holder, to the
      name, address and telecopy number set forth on the front page of this
      Note.

    

    5.3 Amendment
      Provision.
      The
      term "Note" and all reference thereto, as used throughout this instrument,
      shall
      mean this instrument as originally executed, or if later amended or
      supplemented, then as so amended or supplemented.

    

    5.4 Assignability.
      This
      Note shall be binding upon the Borrower and its successors and assigns, and
      shall inure to the benefit of the Holder and its successors and
      assigns.

    

    5.5 Cost
      of Collection.
      If
      default is made in the payment of this Note, Borrower shall pay the Holder
      hereof reasonable costs of collection, including reasonable attorneys'
      fees.

    

    5.6 Governing
      Law.
      This
      Note shall be governed by and construed in accordance with the laws of the
      State
      of Florida. Any action brought by either party against the other concerning
      the
      transactions contemplated by this Agreement shall be brought only in the state
      courts of Florida or in the federal courts located in the state of Florida.
      Both
      parties and the individual signing this Agreement on behalf of the Borrower
      agree to submit to the jurisdiction of such courts. The prevailing party shall
      be entitled to recover from the other party its reasonable attorney's fees
      and
      costs.

    

    5.7 Maximum
      Payments.
      Nothing
      contained herein shall be deemed to establish or require the payment of a rate
      of interest or other charges in excess of the maximum permitted by applicable
      law. In the event that the rate of interest required to be paid or other charges
      hereunder exceed the maximum permitted by such law, any payments in excess
      of
      such maximum shall be credited against amounts owed by the Borrower to the
      Holder and thus refunded to the Borrower.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    5.8 Shareholder
      Status.
      The
      Holder shall not have rights as a shareholder of the Borrower with respect
      to
      unconverted portions of this Note. However, the Holder will have all the rights
      of a shareholder of the Borrower with respect to the shares of Common Stock
      to
      be received by Holder after delivery by the Holder of a Conversion Notice to
      the
      Borrower.

     

    [THIS
      SPACE INTENTIONALLY LEFT BLANK]

    
      
        
        

      

      
        8

        
          

        

      

       

    

    IN
      WITNESS WHEREOF,
      Borrower has caused this Note to be signed in its name by an authorized officer
      as of the 23rd day of October, 2006.

    
      	 	 	 
	 	THE
              TUBE MEDIA
              CORP.
	 
 	 
 	 
 
	 	By:  	/s/
              Celestine F. Spoden
	 	
              
Name:
              Celestine F. Spoden
	 	Title:
              Chief Financial Officer

    

     

    
      	WITNESS:	 	 	 
	 	 	 	 
	 	 	 	 
	/s/
              Deborah
              Ely	 	 	 
	
              
Deborah
              Ely	 	 	
            

    

     

     

    
      
        
        

      

      
        9

        
          

        

      

       

    

    NOTICE
      OF CONVERSION

    

    (To
      be
      executed by the Registered Holder in order to convert the Note)

    

    The
      undersigned hereby elects to convert $_________ of the principal and $_________
      of the interest due on the Note issued by The Tube Media Corp. on October ___,
      2006 into Shares of Common Stock of The Tube Media Corp. (the "Borrower")
      according to the conditions set forth in such Note, as of the date written
      below.

     

    

    Date
      of
      Conversion:
      ____________________________________________________________________

    

    

    Conversion
      Price:
      ______________________________________________________________________

    

    

    Shares
      To
      Be Delivered:
      _________________________________________________________________

    

    

    Signature:
      ____________________________________________________________________________

    

    

    Print
      Name:
      __________________________________________________________________________

    

    

    Address:
      _____________________________________________________________________________

    

     ____________________________________________________________________________

     

    
      
        
        

      

      
        10EXHIBIT
        10.1

       

      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

    
 

      This
        Software License and Services Agreement (“Agreement”) 

    dated
      the
      2nd
      day of
      November, 2006,
      is
      between

     

     

    Expert
      System S.p.A. (“Expert”) 

    Via
      Virgilio 56/ Q - Staircase 5

    41100
      Modena Italy

     

    and
      

     

    InfoByPhone,
      Inc. 

    a
      Delaware corporation that is a wholly owned 

    subsidiary
      of Ocean West Holding Corporation, 

    d/b/a
      AskMeNow (“AskMeNow”). 

    26
      Executive Park, Suite 250

    Irvine,
      California 92614 USA.

     

      The
        terms
        of this Agreement shall apply to the
        Program
        license granted and to all services provided by Expert under this Agreement,
        including future Licenses and Services, which shall be governed by this
        Agreement, unless otherwise stated therein. 

       

    
      	
              I.

            	
              DEFINITIONS

            

    

     

    In
      this
      Agreement the following words and expressions have the following
      meanings:

     

    
      	
              1.1

            	
              “Program”
                means the Cogito® Contact Mobile Product for structured and unstructured
                databases and natural language query and answer capability, as more
                specifically described on Schedule 1 annexed hereto, and the Documentation
                therefor and Updates thereof .

            

      	 	 

    

      
        	
                1.2

              	
                “Documentation”
                  means the user guides and manuals for installation and use of the
                  Program
                  software. The
                  Documentation
                  shall
                  be
                  provided in CD-ROM or written
                  form, whichever is generally available
                  at
                  the time of the execution of this Agreement.

              

      

    

    
      	
              1.3

            	
              “Start-Up
                Phase” means the installation, customization and integration of the
                Programming software in the existing application environment in order
                to
                provide automatic reply with data extracted from its content databases
                to
                natural language queries sent via SMS messages. The Start-Up Phase
                is
                expected to last approximately 5 months, however, in any event, will
                end
                on or before March 1, 2007. The content databases to be integrated
                in the
                Start-Up Phase are:

            

    

     

    411
      

    

    Sports
      

    Includes
      Sports Network + 4 Sports-Reference

    Ring
      Tones/Wallpaper/Games 

    Includes
      lyrics (which may be added later)

    Travel
      

    Includes
      Hotels, Flights & Rental Cars

    Shopping
      

    Stocks
      

    Weather
      

    Astrology
      

    Wikipedia
      - 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

      
        	
                1.4

              	
                “On-Going
                  Technical Support” means Program support provided by Expert under the
                  policies set forth on Schedule 2 annexed hereto. It starts at the
                  end of
                  the Start-Up Phase and includes on-going technical support, maintenance
                  (rules refinements and fine-tuning), software updates of the integrated
                  databases and the integration of new databases. The On-Going Technical
                  Support phase continues
                  for a period of 7 years
                  from the end of the Startup Phase.

              

        	 	 

      

      
        	
                1.5

              	
                “Update”
                  means a subsequent release of the Program which Expert generally
                  makes
                  available for Program licenses at no additional license fee other
                  than
                  media and handling
                  charges,
                  provided AskMeNow is not
                  in default
                  under the terms of this agreement for the
                  Program
                  for the relevant time period. 

              

        	 	 

      

    
      	
              1.6

            	
              “Designated
                System” means the single processor computer hardware and operating system
                designated where the Program will be installed.

            

      	 	 

    

      
        	
                1.7

              	
                “Commencement
                  Date” means the date on which the Program
                  are delivered by Expert to AskMeNow.

              

        	 	 

      

      
        	
                1.8

              	
                “Term”
                  means the period of validity of the Agreement as set forth
                  in
                  section 4.1.

              

        	 	 

      

      
        	
                1.9

              	
                “AskMeNow’s
                  Co-Marketing Partners” means those customers of
                  AskMeNow that
                  have entered into a distribution
                  agreement to distribute their content through AskMeNow and receive
                  a share of the revenue generated as a result of the distribution
                  of their
                  content.

              

        	 	 

      

    
      	
              II.

            	
              PROGRAM
                LICENSE

            

      	 	 

    

    
      	
              2.1

            	
              Rights
                Granted

            

      	 	 

    

      
        	 	
                (a)

              	
                Subject
                  to the terms and conditions set forth in this Agreement, in consideration
                  of the payments from AskMeNow as set forth below, Expert grants
                  to
                  AskMeNow an exclusive worldwide (exclusive of Italy) perpetual
                  license
                  (the “License”) for the mobile communications industry to use the Cogito®
                  Contact Mobile Product and the Expert System Technology of Text
                  Mining for
                  structured and unstructured databases and natural language query
                  and
                  answer capability,
                  as
                  described in Schedule 1 as
                  follows:

              

      

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
       

      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

      
        	 	
                (i)

              	
                to
                  use the Program
                  solely for AskMeNow’s operations on the Designated System or on a backup
                  system if the Designated System is inoperative consistent with
                  the use
                  limitations specified or referenced in this Agreement, or in the
                  Documentation. AskMeNow may not relicense, rent or lease the Program
                  for third-party training, commercial time-sharing or service bureau
                  use;

              

      

       

    
      	 	
              (ii)

            	
              to
                use the Documentation provided with the Program in support of AskMeNow’s
                authorized use of the Program;

            

      	 	 	 

    

      
        	 	
                (iii)

              	
                to
                  copy the Program
                  for archival or backup purposes, and to make a sufficient number
                  of copies
                  for the use specified in this Agreement. All titles, trademarks,
                  and
                  copyright and restricted rights notices shall be reproduced in
                  such
                  copies; and

              

        	 	 	 

      

    
      	 	
              (iv)

            	
              To
                integrate the program with other software
                products.

            

      	 	 	 

    

      
        	 	
                (b)

              	
                AskMeNow
                  shall not copy or use the Program
                  (including the Documentation),
                  except as specified in this Agreement. 

              

        	 	 	 

      

      
        	 	
                (c)

              	
                AskMeNow
                  agrees
                  not to cause or permit the reverse engineering, disassembly or
                  decompilation of the Program,
                  except to the extent required to obtain interoperability with other
                  independently created software or as specified by
                  law.

              

        	 	 	 

      

      
        	 	
                (d)

              	
                Expert
                  shall retain all title, copyright and other proprietary rights
                  in the
                  Program.
                  AskMeNow does not acquire any rights, express or implied, in the
                  Program,
                  other than those specified in this
                  Agreement.

              

        	 	 	 

      

    
      	
              2.2

            	
              Exclusivity

            

      	 	 

    

      
        	 	
                (a)

              	
                Subject
                  to section 6.1(f)(iv)
                  hereof, for the Term of the Agreement Expert shall not provide
                  technology
                  and services competitive with the
                  Program,
                  technology and services provided to AskMeNow (i.e. enterprise and
                  Internet
                  search, natural language based search and queries) to any, direct
                  or
                  indirect, competitor of AskMeNow, including, but not limited to,
                  Content
                  Aggregators, MVNO’s, Cellular Carriers, Search Engine Providers,
                  Television Networks, Newspaper Groups, MultiMedia Providers, and
                  Cellular
                  Handset Manufacturers.

              

        	 	 	 

      

    
      	 	
              (b)

            	
              Any
                Expert technology and services that do not compete with AskMeNow’s
                business (including, but not limited to, open sources intelligence,
                eCRM
                solutions, e-translation, automatic document categorization) will
                be
                exempted from this exclusivity provision.

            

      	 	 	 

    

      
        	 	
                (c)

              	
                Any
                  enterprise which is not included in the list set out in paragraph
                  (a)
                  of this section 2.2. is exempted from this non-compete provision,
                  provided
                  that
                  it
                  offers its content in the form of a single content category and
                  not as a
                  content aggregator.

              

        	
              	 	 

      

       

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

    
      	
              2.3

            	
              Transfer
                and Assignment

            

      	 	 

    

      AskMeNow
        may not transfer a Program license to any affiliate (any company it controls,
        is
        a subsidiary of its parent or is otherwise under common control with), without
        obtaining the prior written consent of Expert. Expert shall not unreasonably
        withhold or delay such consent, provided that the new licensee shall execute
        a
        license agreement with Expert that reproduces, mutatis mutandis, the same
        terms
        and conditions of this Agreement in respect of the transferred licensed Program
        and provided further that AskMeNow shall remain jointly and severally liable
        with the new licensee for the fulfillment
        of the
        obligations assumed by the new licensee under such new license
        agreement.

       

    
      	
              2.4

            	
              Audit
                rights

            

      	 	 

    

    
      	 	
              (a)

            	
              At
                Expert’s written request, not more frequently than once each year during
                the Term, AskMeNow shall furnish Expert with a signed certification
                verifying that the Program is being used pursuant to the provisions
                of
                this Agreement.

            

      	 	 	 

    

      
        	 	
                (b)

              	
                Expert
                  or its designee shall have the right to inspect AskMeNow’s books and
                  records
                  relating to the use of the Program
                  for the purpose of verifying that it has complied with this Agreement
                  regarding the use of the Program and the payment of the fees provided
                  in
                  article 6 below. Such inspections will be made no more frequently
                  than
                  once each year during the Term on not less than ten (10) days written
                  notice, during regular business hours. Any such audit shall be
                  conducted
                  at AskMeNow’s facilities and shall not unreasonably interfere with
                  AskMeNow’s business activities. If an audit reveals that AskMeNow has
                  underpaid fees to Expert, AskMeNow shall be invoiced for such underpaid
                  fees. Expert shall bear the expense of such inspection unless the
                  inspection reveals license fee(s) that vary more than five percent
                  (5%)
                  from the license fee(s) paid to Expert, in which case AskMeNow
                  shall bear
                  the reasonable costs associated with the audit.
                  

              

        	 	 	 

      

    
      	
              III.

            	
              TECHNICAL
                SUPPORT SERVICES

            

      	 	 

    

    Expert
      undertakes to provide the following support services.

     

    
      	
              3.1

            	
              Start-Up
                and On-Going Technical Support Services

            

      	 	 

    

      Expert
        will provide Technical
        Support Services for
        the
        Program in accordance with
        Expert’s
        Technical Support policies as set forth in Schedule 2
        (“Technical Support Services”).

       

    
      	
              3.2

            	
              Consulting
                and Training Services

            

      	 	 

    

    Expert
      will provide consulting and training services agreed to by the parties as
      specified in Schedule 3 annexed hereto (“Services”). All Services
      billed
      on a time and materials basis unless the parties expressly agree otherwise
      in
      writing.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

    
      	
              3.3

            	
              Incidental
                Expenses

            

      	 	 

    

      For
        any
        on-site Services
        requested by AskMeNow, AskMeNow shall reimburse Expert for actual, reasonable
        travel and out-of-pocket expenses incurred that have been requested or approved
        in writing in advance of the incurrence of the expenses.

       

    
      	
              3.4

            	
              No
                subcontracting

            

      	 	 

    

    Expert
      may not subcontract any of the Services without the prior written consent of
      AskMeNow in each instance.

     

    
      	
              3.5

            	
              Acceptance
                Testing.

            

      	 	 

    

      Within
        a
        reasonable period of time after the completion of the installation of the
        Program
        and the
        completion of the each integration with AskMeNow content Database
        rendered
        during the Start-Up Phase, AskMeNow shall commence performance of acceptance
        testing and shall complete such tests as promptly as is practicable under
        the
        circumstances. Such acceptance tests shall be conducted at AskMeNow’s site and
        on its equipment in order to determine whether the Program
        meets
        the
        acceptance criteria set forth in Schedule 4 and to ensure that the Program
        can be
        effectively utilized in AskMeNow’s operating environment, are capable of running
        on a variety of data without failure, as applicable, and meets the AskMeNow’s
        runtime performance requirements. If and when AskMeNow reasonably determines
        that the acceptance tests establish that the Program
        are
        performing satisfactorily, AskMeNow shall so advise Expert within five
        (5)
        days.
        In the
        event AskMeNow does not notify Expert of its acceptance or rejection of the
        Program
        within
        ten (10) days after the satisfactory completion of acceptance testing, the
        Program
        shall be
        deemed accepted.

       

      If
        AskMeNow determines that the Program
        have not
        successfully completed acceptance testing, AskMeNow shall promptly notify
        Expert
        in writing (hereinafter referred to as the ‘First Notice of Failure’) and shall
        specify with as much detail as possible in which respects the Program
        failed
        to pass acceptance testing. Expert shall then make such necessary corrections
        and modifications to the Program
        as will
        permit the same to be ready for re-testing by AskMeNow no later than ten
        (10)
        business days from the date of receipt of the First Notice of Failure. Expert
        shall notify AskMeNow when such corrections and modifications have been made,
        and AskMeNow shall commence re-testing the Program
        as
        promptly as possible. If AskMeNow reasonably determines that the Program
        still
        have not successfully completed the acceptance test by meeting all applicable
        criteria, then AskMeNow shall promptly notify Expert in writing, specifying
        in
        as much detail as possible in which respects the Program
        failed
        to pass acceptance testing (a “Subsequent Notice of Failure”). Expert shall then
        make such necessary connections in the Program
        as will
        permit the Program
        to be
        ready for retesting by AskMeNow no later than ten (10) business days from
        the
        date of receipt of the Subsequent Notice of Failure. AskMeNow shall then
        retest
        the Program
        and
        advise Expert of the results. If the Program
        again
        fail acceptance testing, AskMeNow shall again issue a Subsequent Notice of
        Failure and the same process shall continue until either the Program
        passes
        acceptance testing or the Start-up Phase has expired. If the Program
        have not
        passed acceptance testing by the end of the Start-up Phase, then AskMeNow
        shall
        have that right to terminate this Agreement, in which case each of the
parties
        will
        have no right to request indemnification or compensation from the
        other,
        AskMeNow
        shall promptly return the Program software and all Documentation to Expert
        at
        the expense of Expert.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

      If
        the
        failure of the acceptance testing concerns a specific integration or application
        of the Program which would not affect the license
        and/or
        customization of any
        other
integration
        or application of the Program,
        this
        Agreement shall remain in full force and effect and AskMeNow shall have the
        right not to pay the fees
        attributable to
        the
        specific integration that did
        not
        pass the
        acceptance test.

       

    
      	
              IV.

            	
              TERM
                AND TERMINATION

            

      	 	 

    

    
      	
              4.1

            	
              Term

            

      	 	 

    

      Unless
        earlier terminated in accordance with this Agreement, the term of this Agreement
        shall commence on the Commencement Date and continue until the seventh
        anniversary of the date of conclusion of the Start-Up Phase.

       

    
      	
              4.2

            	
              Termination
                by AskMeNow

            

      	 	 

    

    AskMeNow
      shall have the right at any time after the completion of the On-Going Support
      Phase to terminate the License and this Agreement on ninety (90) days’ prior
      written notice to Expert.

     

    
      	
              4.3

            	
              Termination
                by Expert

            

      	 	 

    

      
        	 	
                (a)

              	
                Expert
                  may terminate this Agreement and
                  the
                  License upon written notice if AskMeNow fails to pay to Expert
                  any
                  amounts due under this Agreement within fifteen
                  (15)
                  days of the date such amount is due and such failure continues
                  for a
                  period of fifteen (15) days following receipt of notice of such
                  failure.

              

        	 	 	 

      

      
        	 	
                (b)

              	
                Expert
                  may terminate this Agreement and
                  the
                  License upon written notice if AskMeNow materially breaches any
                  provisions of this
                  Agreement
                  other than an obligation to pay amounts due
                  and fails to correct the breach within sixty
                  (60)
                  days following written notice specifying the
                  breach.

              

        	 	 	 

      

      
        	 	
                (c)

              	
                Expert
                  may terminate this Agreement and
                  the
                  License upon written notice in the event that AskMeNow (i) suffers
                  any
                  insolvency proceeding, either voluntary or involuntary, or is adjudicated
                  bankrupt, (ii) is the subject of any proceeding, not dismissed
                  within
                  sixty (60) days, related to its liquidation, insolvency or the
                  appointment
                  of a receiver or similar officer for the administration or liquidation
                  of
                  its business, (iii) makes an assignment for the benefit of all
                  or
                  substantially all of its creditors, (iv) takes any corporate action
                  for
                  its winding-up, dissolution or administration, or
                  (v)
                  ceases
                  to carry on its business.

              

        	 	 	 

      

    
      	 	
              (d)

            	
              Expert
                may terminate this Agreement and
                the
                License upon written notice in the event of i)any
                failure
                by
                AskMeNow
                to
                notify Expert of any Change of Control (as such term is defined below)
                of
                AskMeNow within fifteen
                (15)
                days from its
                occurrence,
                or ii) any change in control or disposal of 80% or more of the assets
                notified by AskMeNow in accordance with the requirements of section
                4.3d
                (i), however, Expert will not unreasonably terminate this Agreement
                due to
                such change of control or disposal of assets.
                For the purposes set out herein, there is a Change in Control of
                AskMeNow
                if a transaction is made which results in AskMeNow being controlled
                by, or
                being under common control by any other entity. In this clause the
                term
                “Control” shall mean the possession by any person(s) or nominee(s)
                directly or indirectly of the power to direct or cause the direction
                of
                another person and “Change of Control” is to be construed in accordance
                with Italian law.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

      
        	 	
                (e)

              	
                Expert
                  may terminate this Agreement and
                  the
                  License upon written notice if AskMeNow does not comply with the
                  minimum
                  payment obligations set out in Sections
                  6.1(f)(ii), (iii)
                  and (iv)
                  of
                  this Agreement.

              

        	 	 	 

      

      
        	 	
                (f)

              	
                Expert
                  may terminate this Agreement or any License in years 4-7 upon written
                  notice if the revenue generated by AskMeNow is no more than 50%
                  of the
                  revenue necessary to meet the minimum required payments to Expert
                  from the
                  revenue sharing plan set
                  forth in Section 6.1(f)(iv)(B)
                  of
                  this Agreement.

              

        	 	 	 

      

    
      	
              4.4

            	
              Effect
                of Termination

            

      	 	 

    

    
      	 	
              (a)

            	
              Upon
                the expiration or termination of this Agreement for any
                reason:

            

      	 	 	 

    

      
        	 	
                (i)

              	
                all
                  rights and licenses
                  granted by Expert shall cease immediately;
                  and

              

        	 	 	 

      

      
        	 	
                (ii)

              	
                AskMeNow
                  shall cease using the Program,
                  shall thereafter immediately delete from its systems the Program
                  and shall promptly return to Expert, or destroy and certify the
                  destruction of, all copies of the applicable Program
                  and the Documentation.

              

        	 	 	 

      

      
        	 	
                (b)

              	
                Termination
                  of this Agreement or the
                  License shall not limit either party from pursuing other remedies
                  available to it, including injunctive relief, nor shall such termination
                  relieve obligation to pay all fees that have accrued or are otherwise
                  owed
                  by AskMeNow under this Agreement.

              

        	 	 	 

      

      
        	 	
                (c)

              	
                The
                  parties’ rights and obligations under Sections 2.1,2.3,and
                  2.4 (for a period of one year), and
                  Articles V
                  and VII shall survive termination of this Agreement.
                  

              

        	 	 	 

      

    
      	
              V.

            	
              INDEMNITY,
                WARRANTIES, REMEDIES

            

      	 	 

    

    
      	
              5.1

            	
              Representations,
                Warranties and Related Covenants;
                Disclaimers

            

      	 	 

    

      Expert
        hereby represents, warrants and covenants that 

    

      
        	 	
                (a)

              	
                it
                  has the right to enter into this License Agreement
                  and
                  it
                  is the sole owner of all intellectual property rights in and to
                  the
                  Program
                  and Documentation,

              

      

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

      
        	 	
                (b)

              	
                the
                  use of the Program
                  or
                  the exercise of the License granted hereunder, will not violate
                  or
                  interfere with the intellectual property or contractual rights
                  of any
                  third party, including without limitation, those rights arising
                  under
                  copyright, trademark, trade secret or patent law.
                  

              

        	 	 	 

      

    
      	 	
              (c)

            	
              For
                a period of one year from the Commencement Date that each Program
                will
                perform the functions described in the Documentation unless modified
                by
                AskMeNow without the authorization of
                Expert.

            

      	 	 	 

    

      
        	 	
                (d)

              	
                Expert’s
                  Technical Support
                  Services
                  and Services
                  will be performed on a timely basis consistent with best industry
                  standards and will not infringe upon or otherwise violate the intellectual
                  property rights of any third parties. This warranty shall be valid
                  for 180
                  days from the completion of the performance of the relevant
                  service.

              

        	 	 	 

      

      
        	 	
                (e)

              	
                There
                  is no outstanding civil or criminal litigation, arbitrated matter
                  or other
                  dispute to which it or any of its affiliates or any of their respective
                  directors, officers, employees or contractors is party which, (i)
                  if
                  decided unfavorably against any of them, would reasonably be expected
                  to
                  have a material adverse effect on the ability of Expert to perform
                  its
                  obligations under this Agreement or (ii) involves the Program
                  or
                  the furnishing of
                  the Technical Consulting Services or
                  the Services being furnished toAskMeNow hereunder. Expert shall
                  notify
                  AskMeNow in writing (and include a copy of any service of process
                  and
                  related documents served on Expert), within ten (10) days of its
                  actual
                  knowledge of any such pending or anticipated civil or criminal
                  litigation,
                  arbitration or other dispute or the occurrence of any act or omission
                  reasonably expected to give rise to the same.

              

        	 	 	 

      

    
      	 	
              (f)

            	
              The
                Program, Technical Support Services
                and Services being provided by Expert hereunder do not and shall
                not
                contain any virus, time bomb, Trojan horse, worm or other harmful
                or
                disabling code or device which will have an adverse effect upon the
                operability, functionality or performance of AskMeNow’s computers,
                networks or systems.

            

      	 	 	 

    

      
        	 	
                (g)

              	
                Expert
                  has and will employ best industry standards and the Program
                  include best industry standard means for providing for the security
                  of
                  data and systems.

              

        	 	 	 

      

      
        	 	
                (h)

              	
                Expert
                  shall provide the necessary skilled personnel to perform the Technical
                  Support Services and the Services
                  and shall ensure the continuity of all personnel involved in the
                  providing
                  of the
                  same
                  to
                  AskMeNow.

              

        	 	 	 

      

    
      	
              5.2

            	
              Disclaimers

            

      	 	 

    

    THE
      WARRANTIES ABOVE ARE EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES, WHETHER
      EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND
      FITNESS FOR A PARTICULAR PURPOSE.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

      Expert
        does not warrant that the Program
        will
        operate in combinations other than as specified in the Documentation or that
        the
        operation of the Program
        will be
        uninterrupted or error-free. Pre-production releases of Program
        and
        computer-based training products (versions
        delivered during the Start-Up Phase) are
        distributed “AS IS.”

       

      Expert
        shall have no obligation or other liability with regard to any error or non
        compliance with the warranties set forth above that is caused, in whole or
        in
        part by; (a) modifications or alterations to the Licensed Program
        made
        other than by Expert or a third party under contract with Expert; (b) use
        of the
        Licensed Program
        by
        AskMeNow other than as contemplated herein, or in an amendment hereto signed
        by
        the parties
        other
        than the Designated System;
        (c)
        hardware, software or other products not provided by Expert; (d) the negligence
        or willful misconduct of AskMeNow; (e) AskMeNow’s implementation and
        installation of the Program
        other
        than in accordance with instructions furnished by Expert; or (f) electrical
        malfunction.

       

    
      	
              5.3

            	
              Infringement
                Indemnity

            

      	 	 

    

      Expert
        hereby agrees to defend and hereby indemnifies AskMeNow and holds it harmless
        from and against all claims, losses, causes of action, costs and expenses
        (including reasonable attorneys’ fees) which AskMeNow may incur by reason
        of
        any
        claim that the Program
        infringe
        the copyright, patent or other intellectual property right
        of third
        parties,
        provided that: (a) AskMeNow notifies Expert in writing within 30 days of
        the
        claim; (b) Expert has sole control of the defense and all related settlement
        negotiations
        (provided that a settlement does not provide for the taking of any action
        by
        AskMeNow other than the cessation of the use of the Program and/or
        Services);
        and (c)
        AskMeNow provides Expert with reasonable assistance, information and authority
        to assist Expert to perform Expert’s obligations under this Section. Expert will
        reimburse AskMeNow’s reasonable out-of-pocket expenses incurred in providing
        such assistance. Expert shall have no liability for any claim or infringement
        based on use of a superseded or altered release of Program
        if the
        infringement would have been avoided by the use of a current unaltered release
        of the Program
        which
        Expert provides to AskMeNow.

       

      If
        the
Program
        is
        held or
is
        believed
        by Expert to infringe, Expert shall have the option, at its expense, to (a)
        modify the Program
        to be
        noninfringing; or (b) obtain for AskMeNow a license to continue using the
        Program.
        If it
        is not commercially reasonable to perform either of the above options, then
        Expert may terminate the license for the infringing Program
        and
        refund the license and any other fees paid for the
        Program and pay any balance of any damages due to a third party intellectual
        property holder that has asserted its rights against AskMeNow as a result
        of the
        use of the Program, Technical Support Services or Services.
        This
        Section 5.3 states Expert’s entire liability and AskMeNow’s exclusive remedy for
        infringement.

       

    
      	
              5.4

            	
              Exclusive
                Remedies for malfunctioning

            

      	 	 

    

    Expert
      hereby agrees to defend and hereby indemnifies AskMeNow and holds it harmless
      from and against all claims, losses, causes of action, costs and expenses
      (including reasonable attorneys’ fees) which AskMeNow may incur by reason of:
      (i) any breach or alleged breach by the Expert of any of Expert’s warranties,
      covenants or representations contained in section 5.1
      above,
      or (ii) the negligence or willful misconduct of Expert’s employees or
      contractors during the course of its performance of this Agreement.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

    AskMeNow
      may elect to participate in any such action with an attorney of its own choice
      at its own expense. 

     

      If
        the
        malfunctioning of the Program or any part of the Program
        has
        resulted from accident, abuse, or misapplication of the Licensed Program
        attributable to AskMeNow’s negligence, then Expert shall
        have no
        obligation to remedy the malfunctioning under this limited
        warranty.

       

      For
        any
        breach of the warranties contained in Sections 5.1 (c)
        and
(d),
        AskMeNow’s exclusive remedy, and Expert’s entire liability, shall
        be:

       

      
        	 	
                (a)

              	
                For
                  the
                  Program

              

        	 	 	 

      

      The
        correction within 2 business days of Program errors that cause breach of
        the
        warranty, or if Expert is unable to make the Program operate as warranted,
        AskMeNow shall be entitled to terminate the Program license and recover all
        of
        the fees paid to Expert for the Program
        license.

       

      
        	 	
                (b)

              	
                For
                  Technical Support Services and
                  Services

              

        	 	 	 

      

      The
        prompt reperformance of the Technical
        Support Services or Services,
        or if Expert is unable to perform them
        as
        warranted, AskMeNow shall be entitled to recover the fees paid to Expert
        for all
        Services provided hereunder.

       

    (INSERT
      PARAGRAPH OUTLINING YOUR INSURANCE PROTECTION)

     

    
      	
              VI.

            	
              PAYMENT
                PROVISIONS

            

      	 	 

    

    
      	
              6.1

            	
              Invoicing
                and Payment [*]

            

      	 	 

    

    
      	
              6.2

            	
              Taxes

            

      	 	 

    

      The
        fees
        listed in this Agreement do not include taxes; if Expert is required to pay
        sales, use, property, value-added or other taxes based on the License
        granted
        or
        the
        Services
rendered
        in accordance with the terms of
        this
        Agreement,
        or on
        AskMeNow’s use of the
        Program
        or
        Services, then such taxes shall be billed to and paid by AskMeNow. This Section
        shall not apply to taxes based on Expert’s income.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

    
      	
              VII.

            	
              GENERAL
                TERMS

            

      	 	 

    

    
      	
              7.1

            	
              Confidentiality.

            

      	 	 

    

      Each
        party (the “Receiving Party”) understands that the other party (the “Disclosing
        Party”) has disclosed or may disclose information that has commercial and other
        value in the Disclosing Party’s business and is confidential or proprietary in
        nature, hereinafter referred to as “Proprietary Information” of the Disclosing
        Party. The Receiving Party agrees (a) to hold the Disclosing Party’s Proprietary
        Information in confidence and to take all precautions to protect such
        Proprietary Information as the Receiving Party employs with respect to its
        most
        confidential materials, but in no case shall the Receiving Party employ less
        than reasonable precautions, (b) not to disclose any such Proprietary
        Information or any information derived therefrom
        to any
        third person and (c) not to make any use whatsoever at any time of such
        Proprietary Information except for the purposes required for its performance
        of
        its obligations under this Agreement. Although each party may review the
        other
        party’s intellectual property information, it shall not make or take copies
        thereof or use them, or the names and data contained therein, should this
        transaction terminate for any reason whatsoever. Proprietary Information
        shall
        not include information that the Receiving Party can document (i) is or becomes
        (through no improper action or inaction by the Receiving Party or any affiliate,
        agent, consultant or employee) generally available to the public, or (ii)
        was in
        its possession or known by it prior to receipt from the Disclosing
        Party,
        or (iii)
        was rightfully disclosed to it by a third party without restriction. Upon
        the
        expiration or termination of this Agreement, each party shall return to the
        other party all hard copies containing Proprietary Information and destroy
        all
        Proprietary Information on electronic media and confirm to the other party
        that
        it is done so. The obligations contained in this paragraph shall survive
        the
        termination of this Agreement.

       

    
      	
              7.2

            	
              Governing
                Law

            

      	 	 

    

    This
      Agreement, and all matters arising out of or relating to this Agreement, shall
      be governed by the laws of Italy.

     

    
      	
              7.3

            	
              Resolution
                of Disputes

            

      	 	 

    

      Any
        controversy or claim arising out of this agreement which is not settled between
        the parties themselves,
        shall be
finally
        settled
        under
        the Rules of Arbitration
        of the International Chamber of Commerce by one or more arbitrators appointed
        in
        accordance with such Rules. The hearings shall take place in Zurich,
        Switzerland.

       

    The
      language of the arbitration shall be English. 

     

    
      	
              7.4

            	
              Notices

            

      	 	 

    

    All
      notices, including notices of address change, required to be sent hereunder
      shall be in writing and shall be deemed to have been given when received if
      sent
      by registered mail, facsimile confirmed by registered mail within 48 hours
      or
      Federal Express or other recognized courier service providing overnight
      delivery, to the addresses of the parties first listed above. The fax numbers
      of
      the parties for the purposes of giving notices are:

     

    If
      to
      Expert :+39.059894099.

     

    If
      to
      AskMeNow: 949-861-2591.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

    To
      expedite order processing, AskMeNow agrees that Expert may treat documents
      faxed
      by AskMeNow to Expert as original documents; nevertheless, either party may
      require the other to exchange original signed documents.

     

    
      	
              7.5

            	
              Limitation
                of Liability

            

      	 	 

    

    IN
      NO
      EVENT SHALL EITHER PARTY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL OR
      CONSEQUENTIAL DAMAGES, OR DAMAGES FOR LOSS OF PROFITS, REVENUE, DATA OR USE,
      INCURRED BY EITHER PARTY OR ANY THIRD PARTY, WHETHER IN AN ACTION IN CONTRACT
      OR
      TORT, EVEN IF THE OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
      DAMAGES. 

     

    Except
      as
      provided in Section 5.3 of this Agreement, Expert’s
      liability for damages hereunder shall in no event exceed the amount of fees
      paid
      by AskMeNow under this Agreement, and if such damages result from Customer’s use
      of the Program or services, such liability shall be limited to fees paid for
      the
      relevant Program or Services giving rise to the liability.

     

    The
      provisions of this Agreement allocate the risks between Expert and Customer.
      Expert’s pricing reflects this allocation of risk and the limitation of
      liability specified herein.

     

    
      	
              7.6

            	
              Severability

            

      	 	 

    

    If
      any
      provision of this Agreement is held to be invalid or unenforceable, the
      remaining provisions of this Agreement will remain in full force.

     

    
      	
              7.7

            	
              Waiver

            

      	 	 

    

    The
      waiver by either party of any default or breach of this Agreement shall not
      constitute a waiver of any other or subsequent default or breach. 

     

    
      	
              7.8

            	
              Entire
                Agreement

            

      	 	 

    

    This
      Agreement constitutes the complete agreement between the parties and supersedes
      all prior or contemporaneous agreements or representations, written or oral,
      concerning the subject matter of this Agreement, including the letter of intent
      between the parties signed August 22, 2006. This Agreement may not be modified
      or amended except in a writing signed by a duly authorized representative of
      each party; no other act, document, usage or custom shall be deemed to amend
      or
      modify this Agreement.

     

    It
      is
      expressly agreed that the terms of this Agreement and any Order Form shall
      supersede the terms in any AskMeNow purchase order or other ordering document.
      This Agreement shall also supersede all terms of any unsigned or “shrinkwrap”
license included in any package, media, or electronic version of
      Expert-furnished software and any such software shall be licensed under the
      terms of this Agreement, provided that the use limitations contained in an
      unsigned ordering document shall be effective for the specified
      licenses.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

    
      	
              7.9

            	
              Publicity

            

      	 	 

    

    Expert
      may not use AskMeNow’s name, trademarks, tradenames or other intellectual
      property for any purposes, including, without limitation, AskMeNow lists or
      press statements, without AskMeNow’s prior written consent, which consent may be
      withheld or revoked at any time by AskMeNow in its sole discretion. Neither
      party may issue press releases regarding the existence, or general
      non-confidential business terms of this Agreement and subsequent task orders
      hereunder, subject to prior written approval of the other party, which approval
      may be withheld in such other party’s sole and absolute discretion.

     

    
      	
              7.10

            	
              Escrow
                of Source Code

            

      	 	 

    

      Within
        thirty (30) days of the date of execution of this Agreement, Expert will
        enter
        into a software escrow agreement (“Escrow Agreement”) and deposit a copy of the
        source code of the Application with Dott. Fabrizio Figurelli Studio Notarile
        (Notary) (“Escrow Agent”) located in Piazza Tre Martiri 1, 41032 Cavezzo (MO)
        Italy. Such source code will be updated with each new release or Upgrade
        of the
Program,
        which
        will also be deposited with the Escrow Agent. Such copies of the source code
        will be held in escrow and in the event that Expert (i) files for bankruptcy,
        (ii) is the subject of any proceeding, not dismissed within thirty (30) days,
        related to its liquidation, insolvency or the appointment of a receiver or
        similar officer for the administration or liquidation of its business, (iii)
        makes an assignment for the benefit of all or substantially all of its
        creditors, (iv) takes any corporate action for its winding-up, dissolution
        or
        administration, (v) enters into an agreement for the extension or readjustment
        of substantially all of its obligations, (vi) recklessly or intentionally
        makes
        any material misstatement as to financial condition, (vii) ceases to carry
        on
        its business, or (viii) is in material breach of its support obligations
        hereunder and fails to cure such breach within thirty (30) days of notice
        thereof (“Release Events”), then AskMeNow, subject to the terms and conditions
        herein and in accordance with the Escrow Agreement, will be entitled to obtain
        a
        copy of such source code from the Escrow Agent. AskMeNow shall only use such
        copy of the source code internally to support the Program
        and
        within the terms and conditions set out in this Agreement. 

       

    AskMeNow
      shall be added to the Escrow Agreement as a beneficiary to such agreement within
      forty-five (45) days from the date of execution of this Agreement. Expert shall
      cause the Escrow Agent to acknowledge to AskMeNow that it is a beneficiary
      of
      the Escrow Agreement. AskMeNow shall be responsible of any initial and annual
      escrow fees, update deposit fees and any other fees and charges associated
      with
      the Escrow Agent’s services, as well as for the payment of any beneficiary
      release request and deposit release fees and costs in accordance with the
      published fee schedule of the Escrow Agent then in effect. The Escrow Agent’s
      only responsibility will be to use its good faith efforts to cause a copy of
      the
      source code, in the form as delivered by Expert, to be delivered to AskMeNow
      upon the occurrence of one of the Release Events set forth above.

     

      The
        Effective Date of this Agreement shall be November
        2,
        2006.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
      “CONFIDENTIAL
        TREATMENT IS BEING REQUESTED FOR THE PORTIONS OF THIS DOCUMENT SET FORTH
        IN BOLD
        TYPE AND MARKED AS FOLLOWS: [*].”

    

     

     

    OCEAN
      WEST HOLDING CORPORATION

     

    By:
      /s/
      Darryl Cohen   

     

    Darryl
      Cohen, President and CEO

     

    EXPERT
      SYSTEM S.p.A.

     

    By:
      /s/
      Stefano Spaggiari  

    .

    Name:
      Stefano Spaggiari

    

    
      
        
        

      

      
        14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00112-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00112-of-00352.parquet"}]]