Document:

ex10_7.htm

    
      

    

    Exhibit
      10.7

     

    POWER
      OF THE DREAM VENTURES, INC.

    1095
      Budapest

    Soroksari
      ut 94-96

    Hungary

    TEL:
      +36-1-456-6061

    

    

    April
      26,
      2007

    

    CONFIDENTIAL

    

    Mr.
      Eugene L. Guhne

    585
      Cross
      Creek Tr

    Gibsonville,
      North Carolina 27249

    

    
      	
               

            	
              Re:

            	
              Business
                & Financial Services Consulting
                Agreement

            

    

    

    Dear
      Mr.
      Guhne:

    

    This
      letter (this “Agreement”) constitutes the agreement between Power of the Dream
      Ventures, Inc., a Delaware corporation and Mr. Eugene L. Guhne (“Consultant” or
“GG”) pursuant to which GG will serve as a business and financial consultant to
      the Company with respect to its business and financial matters.  The
      terms of this Agreement are as follows:

    

    
      	
               

            	
              A.

            	
              Services.
                At the Company’s request, GG shall provide general business and
                financial consulting services including, but not limited to the
                following:

            

    

    

    
      	
               

            	
              1.

            	
              assisting
                with the development and refinement of the Company’s business plan on a
                going forward basis;

            

    

    

    
      	
               

            	
              2.

            	
              advising
                the Company on optimizing its business model and, in connection therewith,
                reviewing technologies and related commercialization possibilities
                with
                the Company’s management; and

            

    

    

    
      	
               

            	
              3.

            	
              identifying
                to the Company technology sources.

            

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Mr.
      Eugene L. Guhne

    April
      26,
      2007

    Page
      2

    

    

    
      	
            	
              B.

            	
              Fees
                and Expenses. In connection with the
                services described in Section A above, the Company shall issue to
                GG a
                one-time payment of one million (1,000,000) shares of the Company’s common
                stock, $.0001 par value per share upon the execution hereof, in
                consideration of securing his commitment to the Company for the term
                herein provided.  In addition, the Company hereby agrees, from
                time to time upon request, to reimburse GG for all reasonable travel
                and
                other out-of-pocket expenses incurred in connection with GG’s engagement
                hereunder; provided, however, that each individual expense in
                excess of Two Hundred Fifty and 00/100 Dollars ($250.00) shall require
                the
                prior written approval of the Company and, in any event, cumulative
                expenses of GG hereunder shall not exceed five thousand and 00/100
                Dollars
                ($5,000.00).

            

    

    

    
      	
            	
              C.

            	
              Term
                of Engagement.Except as set forth below, the initial term of
                GG’s engagement will begin on the date hereof and end twelve (12) months
                from the date hereof.  Either party may terminate GG’s
                engagement before the end of the initial term hereto at any time,
                with or
                without cause, upon ten (10) days’ prior written notice to the other
                party.  Notwithstanding any such termination, the provisions in
                this Agreement regarding Fees and Expenses, Use of Information, Indemnity,
                Arbitration of Disputes and Confidentiality shall survive and remain
                in
                full force and effect and be binding on any successors of the
                Company.

            

    

    

    
      	
            	
              D.

            	
              Use
                of Information.The Company will furnish GG such information
                as GG reasonably requests in connection with the performance of his
                services hereunder. The Company understands, acknowledges and agrees
                that,
                in performing his services hereunder, GG will use and rely entirely
                upon
                such information as is provided by the Company as well as publicly
                available information regarding the Company and that GG does not
                assume
                responsibility for independent verification of the accuracy or
                completeness of any information, whether publicly available or otherwise
                furnished to GG, concerning the Company including, without limitation,
                any
                financial information, forecasts or projections considered by GG
                in
                connection with the provision of his services.  Accordingly, GG
                shall be entitled to assume and rely upon the accuracy and completeness
                of
                all such information and shall not be required to conduct a physical
                inspection of any of the properties or assets or to prepare or obtain
                any
                independent evaluation or appraisal of any of the assets or liabilities
                of
                the Company. With respect to any financial forecasts or projections
                made
                available to GG by the Company and used by GG in his analyses, GG
                shall be
                entitled to assume that such forecasts or projections have been reasonably
                prepared and reflect the best currently available estimates and judgments
                of the management of the Company as to the matters covered
                thereby.  If any information provided to GG by the Company
                becomes inaccurate, incomplete or misleading in any material respect
                during GG’s engagement hereunder, the Company shall so advise
                GG.

            

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Mr.
      Eugene L. Guhne

    April
      26,
      2007

    Page
      3

    

    

    
      	
            	
              E.

            	
              Confidentiality.GG
                agrees to keep confidential during the term, and for 12 months after
                any
                termination of this Agreement, all material nonpublic information
                provided
                to it by the Company, except as required by law, pursuant to an order
                of a
                court of competent jurisdiction or the request of a regulatory authority
                having jurisdiction over GG, or as contemplated by the terms of this
                Agreement.  Notwithstanding anything to the contrary herein, GG
                may disclose nonpublic information to his affiliates, agents and
                advisors
                whenever GG determines that such disclosure is necessary to provide
                the
                services contemplated hereunder.

            

    

    

    
      	
            	
              F.

            	
              Indemnity.GG
                and the Company agree to the provisions with respect to indemnification
                by
                the Company of GG and certain other parties as set forth on Annex
                A
                attached hereto.

            

    

    

    
      	
            	
              G.

            	
              Limitation
                of GG’s Engagement by the Company. The
                Company acknowledges that GG has been retained only by the Company,
                that
                GG is providing services hereunder as an independent contractor (and
                not
                in any fiduciary or agency capacity), and that the Company’s engagement of
                GG is not deemed to be on behalf of, and is not intended to confer
                rights
                upon, any shareholder, owner or partner of the Company or any other
                person
                not a party hereto as against GG. Unless otherwise expressly agreed
                in
                writing by GG, no one other than the Company is authorized to rely
                upon
                this engagement or any other statements or conduct of GG, and no
                one other
                than the Company is intended to be a beneficiary of this Agreement.
                The
                Company acknowledges that any recommendations or advice, written
                or oral,
                given by GG to the Company in connection with GG’s engagement are intended
                solely for the benefit and use of the Company’s management and directors,
                and any such recommendations or advice are not on behalf of, and
                shall not
                confer any rights or remedies upon, any other person or be used or
                relied
                upon for any other purpose.

            

    

    

    
      	
            	
              H.

            	
              Limitation
                on GG’s Liability to the Company.GG and the Company further
                agree that GG shall have no liability to the Company, its security
                holders
                or creditors, or any person asserting claims on behalf of or in the
                right
                of the Company (whether direct or indirect, in contract, tort, for
                an act
                of negligence or otherwise) for any losses, fees, damages, liabilities,
                costs, expenses or equitable relief arising out of or relating to
                this
                Agreement or the services to be rendered hereunder, except for losses,
                fees, damages, liabilities, costs or expenses that arise out of or
                are
                based on any action of or failure to act by GG and that are finally
                determined (by a court of competent jurisdiction and after exhausting
                all
                appeals or in an arbitration conducted in accordance with this Agreement)
                to have resulted solely from the gross negligence or willful misconduct
                of
                GG.

            

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Mr.
      Eugene L. Guhne

    April
      26,
      2007

    Page
      4

    

    

    
      	
            	
              I.

            	
              Governing
                Law. This Agreement shall be governed by and construed in
                accordance with the laws of the State of New
                York.

            

    

    

    
      	
            	
              J.

            	
              Arbitration
                of Disputes. Except as provided below, any
                claim or controversy arising out of or relating to this Agreement,
                or the
                breach thereof, shall be settled by arbitration in accordance with
                the
                Commercial Arbitration Rules of the American Arbitration Association,
                and
                judgment on the award rendered by the arbitrator(s) may be entered
                in any
                court having jurisdiction thereof. The arbitration of any such claim
                or
                controversy shall take place in New York,
                NY.

            

    

    

    
      	
            	
              K.

            	
              Miscellaneous.This
                Agreement shall not be modified or amended except in writing signed
                by GG
                and the Company. This Agreement shall not be assigned without the
                prior
                written consent of GG and the Company.  This Agreement
                constitutes the entire agreement of GG and the Company with respect
                to the
                subject matter hereof and supersedes all prior agreements.  If
                any provision of this Agreement is determined to be invalid or
                unenforceable in any respect, such determination shall not affect
                such
                provision in any other respect, and the remainder of the Agreement
                shall
                remain in full force and effect.  This Agreement may be executed
                in counterparts, each of which shall be deemed an original, but all
                of
                which together shall constitute one and the same
                instrument.

            

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Mr.
      Eugene L. Guhne

    April
      26,
      2007

    Page
      5

     

     

    In
      acknowledgment that the foregoing correctly sets forth the understanding reached
      by GG and the Company, please sign in the space provided below, whereupon this
      letter shall constitute a binding Agreement as of the date indicated
      below.

    

    
      	 	
               Sincerely,

            
	 	 
	 	
              POWER
                OF THE DREAM VENTURES, INC.

            
	 	 
	 	 
	 	
               

            	
                       
                

            
	 	 	By:	
              /s/
                Viktor
                Rozsnyay, President

            
	 	
               

            	
              
                Name:

              

            	
                  
                Viktor Rozsnyay, President

            

    

    

    

    
      	
              ACCEPTD
                AND AGREED THIS

               26
                DAY OF APRIL , 2007:

            	 
	 	 
	
              CONSULTANT:

            	 
	By: 	
              /s/
                Eugene
                L. Guhne

            	 
	
              Name:

            	
                   Eugene
                L. Guhne

            	 

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ANNEX
      A

    

    In
      connection with GG’s engagement to advise and to assist the Company pursuant to
      the Agreement dated April 26 2007 to which this Annex A is attached, the Company
      agrees to indemnify and to hold harmless GG (hereinafter referred to as an
      “Indemnified Party”), to the full extent allowed by law or equity, from and
      against any and all judgments, losses, claims (whether or not valid), damages,
      costs, fees, expenses or liabilities, joint or several, to which an Indemnified
      Party may become subject, related to or arising out of GG’s engagement or
      performance under the Agreement, the transaction contemplated thereby, the
      services rendered by GG under the Agreement, or any actual or threatened claim,
      litigation, investigation, proceeding or action in any court of before any
      regulatory, administrative or other body relating to any of the foregoing
      (hereinafter referred to collectively as a “Claim”), and shall, upon request,
      reimburse an Indemnified Party for all legal and other costs, fees and expenses
      as they are incurred in connection with investigating, preparing or defending
      a
      Claim, whether or not such Indemnified Party is ever made party to any legal
      proceedings; provided, however, that no such indemnification
      shall be required to be paid to an Indemnified Party with respect to a Claim
      that is finally determined by a court of competent jurisdiction (after
      exhaustion of all appeals) or in an arbitration conducted in accordance with
      this Agreement to have resulted solely from the gross negligence or willful
      misconduct of such Indemnified Party.

    

    In
      the
      event that the foregoing indemnity is unavailable or insufficient for any reason
      (other than by reason of the terms hereof) to hold any Indemnified Party
      harmless, then the Company shall contribute to any amounts paid or payable
      by an
      Indemnified Party in such proportion as appropriately reflects the relative
      benefits received by such Indemnified Party and to the Company in connection
      with the matters to which the Claim relates.  If an allocation solely
      on the basis of benefits is judicially determined to be impermissible, then
      the
      Company shall contribute in such proportion as appropriately reflects the
      relative benefits and relative fault of the Company and such Indemnified Party,
      as well as any other equitable considerations.  In no event shall the
      Company contribute less than the amount necessary to ensure that the aggregate
      liability of GG for contribution pursuant to this paragraph in connection with
      all Claims do not exceed the amount of fees actually received by GG under the
      Agreement.  For purposes hereof, relative benefits to the Company and
      GG shall be deemed to be in the same proportion that the total value received
      or
      contemplated to be received by the Company and/or its security holders bears
      to
      the fees paid to GG under the Agreement, and other relative fault of each
      indemnified party an the Company shall be determined by reference to, among
      other things, whether the actions and omissions to act were by such Indemnified
      Party or the Company and the parties’ relative intent, knowledge, access to
      information, and opportunity to correct or prevent such action or
      omission.

    

    All
      amounts due to an Indemnified Party hereunder shall be payable by the Company
      promptly upon request by such Indemnified Party.  In addition, the
      Company agrees to pay all costs and expenses (including attorneys’ fees)
      incurred by an Indemnified Party to enforce the terms of this Annex
      A.

    

    
      
        
          
          

        

        
          A-1

          
            

          

        

        
          
          

        

      

    

    

    The
      Company agrees not to enter into any waiver, release or settlement of any Claim
      (whether or not GG is a formal party to such Claim) in respect of which
      indemnification may be sought hereunder without the prior written consent of
      GG
      (which consent will not be unreasonably withheld), unless such waiver, release
      or settlement includes an unconditional release of GG from all liability arising
      out of such claim.

    

    The
      provisions of this Annex A shall be in addition to any liability which the
      Company may otherwise have to GG; shall not be limited by any rights that GG
      may
      otherwise have; shall remain in full force and effect regardless of any
      termination of GG’s engagement; and shall be binding upon any successors or
      assigns of GG and the Company.

     

     

    A-2ex10_8.htm

    
      

    

    Exhibit
      10.8

     

    
      POWER
        OF THE DREAM VENTURES, INC.

      1095
        Budapest

      Soroksari
        ut 94-96

      Hungary

      Tel: +36-1-456-6061

      Fax:
        +36-1-456-6062

      

      June
        1,
        2007

      
 

      CONFIDENTIAL

       

      Mr.
        Mihaly Zala

      1163
        Budapest

      Kerepesi
        ut 190

      Hungary

      

       

      Re:           Business
        Services Consulting Agreement

      

      

      Dear
        Mr.
        Zala:

      

      This
        letter (this “Agreement”)
        constitutes the agreement between Power of the Dream Ventures, Inc., a Delaware
        corporation and Mr. Mihaly Zala (“Consultant” or “MZ”) pursuant to which MZ will
        serve as a the legal representative of the company with respect to its business
        matters in Hungary.  The terms of this Agreement are as
        follows:

      

      
        	
                 

              	
                A.

              	
                Services.  At
                  the Company’s request, MZ shall provide general business consulting
                  services including, but not limited to the
                  following:

              

      

      

      
        	
                 

              	
                1.

              	
                technology
                  evaluation, selection, development and management expertise. Mr.
                  Zala’s
                  expertise are highlighted by his curriculum vitas in Annex
                  B;

              

      

      

      
        	
                 

              	
                2.

              	
                interfacing
                  with inventors, whose products are considered for acquisition or
                  development, and with companies, in which an equity participation
                  or
                  investment is contemplated;

              

      

      

      
        	
                 

              	
                3.

              	
                and
                  with day to day managerial task related to Power of the Dream Ventures’
                  Hungarian wholly owned subsidiary, Vidatech
                  Kft.

              

      

      

      
        
          
          

        

        
          
          

          
            
              

            

            Mr.
              Mihaly
              Zala

            June
              1,
              2007

            Page
              2

          

        

        
          
          

        

      

      

      B.           Fees
        and Expenses.  In connection with the
        services described in Section A above, the Company shall issue to MZ a one-time
        payment of one hundred thousand (100,000) shares of the Company’s common stock,
        $.0001 par value per share upon the execution hereof, in consideration of
        securing his commitment to the Company for the term herein provided. In
        addition, the Company hereby agrees, from time to time upon request, to
        reimburse MZ for all reasonable travel and other out-of-pocket expenses incurred
        in connection with MZ’s engagement hereunder; provided,
however, that each individual
        expense in excess of
        Two Hundred Fifty and 00/100 Dollars ($250.00) shall require the prior written
        approval of the Company and, in any event, cumulative expenses of MZ hereunder
        shall not exceed two thousand and 00/100 Dollars
        ($2,000.00).

      

      

       

      
        	
                 

              	
                D.

              	
                Term
                  of Engagement. Except as set forth below,
                  the initial term of MZ’s engagement will begin on the date hereof and end
                  twenty four (24) months from the date hereof.  Either party may
                  terminate MZ’s engagement before the end of the initial term hereto at any
                  time, with or without cause, upon ten (10) days’ prior written notice to
                  the other party.  Notwithstanding any such termination, the
                  provisions in this Agreement regarding Fees and Expenses, Use of
                  Information, Indemnity, Arbitration of Disputes and Confidentiality
                  shall
                  survive and remain in full force and effect and be binding on any
                  successors of the Company. MZ acknowledges that all materials produced
                  as
                  part of this agreement become the exclusive property of the Company
                  and
                  that MZ may not use any of said materials without the express written
                  consent of the Company.

              

      

      

      
        	
                 

              	
                E.

              	
                Use
                  of Information. The Company will furnish MZ
                  such information as MZ reasonably requests in connection with the
                  performance of his services hereunder.  The Company understands,
                  acknowledges and agrees that, in performing his services hereunder,
                  MZ
                  will use and rely entirely upon such information as is provided
                  by the
                  Company as well as publicly available information regarding the
                  Company
                  and that MZ does not assume responsibility for independent verification
                  of
                  the accuracy or completeness of any information, whether publicly
                  available or otherwise furnished to MZ, concerning the Company
                  including,
                  without limitation, any technical information, engineering data
                  or
                  prototype plans considered by MZ in connection with the provision
                  of his
                  services.  Accordingly, MZ shall be entitled to assume and rely
                  upon the accuracy and completeness of all such information and
                  shall not
                  be required to conduct a physical inspection of any of the properties
                  or
                  assets or to prepare or obtain any independent evaluation or appraisal
                  of
                  any of the assets or liabilities of the Company. With respect to
                  any
                  technical data made available to MZ by the Company and used by
                  MZ in his
                  work, MZ shall be entitled to assume that such technical drawings
                  have
                  been reasonably prepared and reflect the best currently available
                  information of the management of the Company as to the matters
                  covered
                  thereby.  If any information provided to MZ by the Company
                  becomes inaccurate, incomplete or misleading in any material respect
                  during MZ’s engagement hereunder, the Company shall so advise
                  MZ.

              

      

       

      
        
          
          

        

        
          
          

          
            
Mr.
            Mihaly Zala
            June
              1,
              2007

            Page
              3

          

        

        
          
          

        

         

      

      
        	
                 

              	
                F.

              	
                Confidentiality.
                  MZ agrees to keep confidential during the term, and for
                  24 months
                  after any termination of this Agreement, all material nonpublic
                  information provided to it by the Company, except as required by
                  law,
                  pursuant to an order of a court of competent jurisdiction or the
                  request
                  of a regulatory authority having jurisdiction over MZ, or as contemplated
                  by the terms of this Agreement. Notwithstanding anything to the
                  contrary
                  herein, MZ may disclose nonpublic information to his affiliates,
                  agents
                  and advisors whenever MZ determines that such disclosure is necessary
                  to
                  provide the services contemplated
                  hereunder.

              

      

      

      
        	
                 

              	
                G.

              	
                Indemnity.
                  MZ and the Company agree to the provisions with respect
                  to
                  indemnification by the Company of MZ and certain other parties
                  as set
                  forth on Annex A attached
                  hereto.

              

      

      

      
        	
                 

              	
                H.

              	
                Limitation
                  of MZ’s Engagement by the Company. The
                  Company acknowledges that MZ has been retained only by the Company,
                  that
                  MZ is providing services hereunder as an independent contractor
                  (and not
                  in any fiduciary or agency capacity), and that the Company’s engagement of
                  MZ is not deemed to be on behalf of, and is not intended to confer
                  rights
                  upon, any shareholder, owner or partner of the Company or any other
                  person
                  not a party hereto as against MZ.  Unless otherwise expressly
                  agreed in writing by MZ, no one other than the Company is authorized
                  to
                  rely upon this engagement or any other statements or conduct of
                  MZ, and no
                  one other than the Company is intended to be a beneficiary of this
                  Agreement.  The Company acknowledges that any recommendations or
                  advice, written or oral, given by MZ to the Company in connection
                  with
                  MZ’s engagement are intended solely for the benefit and use of the
                  Company’s management and directors, and any such recommendations or advice
                  are not on behalf of, and shall not confer any rights or remedies
                  upon,
                  any other person or be used or relied upon for any other
                  purpose.

              

      

       

      
        
          
          

        

        
          
          

          
            
Mr.
            Mihaly Zala
            June
              1,
              2007

            Page
              4

          

        

        
          
          

        

         

      

      
        	
                 

              	
                I.

              	
                Limitation
                  on MZ’s Liability to the Company. MZ and the
                  Company further agree that MZ shall have no liability to the Company,
                  its
                  security holders or creditors, or any person asserting claims on
                  behalf of
                  or in the right of the Company (whether direct or indirect, in
                  contract,
                  tort, for an act of negligence or otherwise) for any losses, fees,
                  damages, liabilities, costs, expenses or equitable relief arising
                  out of
                  or relating to this Agreement or the services to be rendered hereunder,
                  except for losses, fees, damages, liabilities, costs or expenses
                  that
                  arise out of or are based on any action of or failure to act by
                  MZ and
                  that are finally determined (by a court of competent jurisdiction
                  and
                  after exhausting all appeals or in an arbitration conducted in
                  accordance
                  with this Agreement) to have resulted solely from the gross negligence
                  or
                  willful misconduct of MZ.

              

      

      

      
        	
                 

              	
                J.

              	
                Governing
                  Law. This Agreement shall be governed
                  by and
                  construed in accordance with the laws of the State of New
                  York.

              

      

      

      
        	
                 

              	
                K.

              	
                Arbitration
                  of Disputes. Except as provided below, any
                  claim or controversy arising out of or relating to this Agreement,
                  or the
                  breach thereof, shall be settled by arbitration in accordance with
                  the
                  Commercial Arbitration Rules of the American Arbitration Association,
                  and
                  judgment on the award rendered by the arbitrator(s) may be entered
                  in any
                  court having jurisdiction thereof. The arbitration of any such
                  claim or
                  controversy shall take place in New York,
                  NY.

              

      

      

      
        	
                 

              	
                L.

              	
                Miscellaneous.
                  This Agreement shall not be modified or amended except
                  in writing
                  signed by MZ and the Company.  This Agreement shall not be
                  assigned without the prior written consent of MZ and the
                  Company.  This Agreement constitutes the entire agreement of MZ
                  and the Company with respect to the subject matter hereof and supersedes
                  all prior agreements.  If any provision of this Agreement is
                  determined to be invalid or unenforceable in any respect, such
                  determination shall not affect such provision in any other respect,
                  and
                  the remainder of the Agreement shall remain in full force and effect.
                  This
                  Agreement may be executed in counterparts, each of which shall
                  be deemed
                  an original, but all of which together shall constitute one and
                  the same
                  instrument.

              

      

       

      
        
          
          

        

        
          
          

          
            
Mr.
            Mihaly Zala
            June
              1,
              2007

            Page
              5

          

        

        
          
          

        

      

       

      In
        acknowledgment that the foregoing correctly sets forth the understanding
        reached
        by MZ and the Company, please sign in the space provided below, whereupon
        this
        letter shall constitute a binding Agreement as of the date indicated
        below.

      

      
        	 	
                Sincerely, 

              	 
	 	 	 	 	 
	 	
                POWER
                  OF THE DREAM VENTURES, INC.

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	
                By

              	
                /s/
                  Viktor Rozsnyay 

              	 
	 	 	
                Name:

              	
                Viktor
                  Rozsnyay, President

              	 

      

      

      

      
        	
                ACCEPTD
                  AND AGREED THIS 

              	 
	
                1
                  DAY OF JUNE, 2007:  

              
	 	 	 
	
                CONSULTANT: 

              	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	
                /s/
                  Mihaly Zala 

              	 
	
                Name:

              	
                Mr.
                  Mihaly Zala

              	 

      

       

      
        
          
          

        

        
          
          

          
            
Mr.
            Mihaly Zala
            June
              1,
              2007

            Page
              6

          

        

        
          
          

        

      

       

      ANNEX
        A

      

      In
        connection with MZ’s engagement to
        advise and to assist the Company pursuant to the Agreement dated June 6 2007
        to
        which this Annex A is attached, the Company agrees to indemnify and to hold
        harmless MZ (hereinafter referred to as an “Indemnified Party”), to the full
        extent allowed by law or equity, from and against any and all judgments,
        losses,
        claims (whether or not valid), damages, costs, fees, expenses or liabilities,
        joint or several, to which an Indemnified Party may become subject, related
        to
        or arising out of MZ’s engagement or performance under the Agreement, the
        transaction contemplated thereby, the services rendered by MZ under the
        Agreement, or any actual or threatened claim, litigation, investigation,
        proceeding or action in any court of before any regulatory, administrative
        or
        other body relating to any of the foregoing (hereinafter referred to
        collectively as a “Claim”), and shall, upon request, reimburse an Indemnified
        Party for all legal and other costs, fees and expenses as they are incurred
        in
        connection with investigating, preparing or defending a Claim, whether or
        not
        such Indemnified Party is ever made party to any legal proceedings;
provided, however, that no such indemnification
        shall be required to be paid to an Indemnified Party with respect to a Claim
        that is finally determined by a court of competent jurisdiction (after
        exhaustion of all appeals) or in an arbitration conducted in accordance with
        this Agreement to have resulted solely from the gross negligence or willful
        misconduct of such Indemnified Party.

      

      In
        the event that the foregoing
        indemnity is unavailable or insufficient for any reason (other than by reason
        of
        the terms hereof) to hold any Indemnified Party harmless, then the Company
        shall
        contribute to any amounts paid or payable by an Indemnified Party in such
        proportion as appropriately reflects the relative benefits received by such
        Indemnified Party and to the Company in connection with the matters to which
        the
        Claim relates.  If an allocation solely on the basis of benefits is
        judicially determined to be impermissible, then the Company shall contribute
        in
        such proportion as appropriately reflects the relative benefits and relative
        fault of the Company and such Indemnified Party, as well as any other equitable
        considerations.  In no event shall the Company contribute less than
        the amount necessary to ensure that the aggregate liability of MZ for
        contribution pursuant to this paragraph in connection with all Claims do
        not
        exceed the amount of fees actually received by MZ under the
        Agreement.  For purposes hereof, relative benefits to the Company and
        MZ shall be deemed to be in the same proportion that the total value received
        or
        contemplated to be received by the Company and/or its security holders bears
        to
        the fees paid to MZ under the Agreement, and other relative fault of each
        indemnified party an the Company shall be determined by reference to, among
        other things, whether the actions and omissions to act were by such Indemnified
        Party or the Company and the parties’ relative intent, knowledge, access to
        information, and opportunity to correct or prevent such action or
        omission.

      

      All
        amounts due to an Indemnified Party
        hereunder shall be payable by the Company promptly upon request by such
        Indemnified Party.  In addition, the Company agrees to pay all costs
        and expenses (including attorneys’ fees) incurred by an Indemnified Party to
        enforce the terms of this Annex A.

      

      
        
          
          

        

        
          
          

          
            
Mr.
            Mihaly Zala
            June
              1,
              2007

            Page
              7

          

        

        
          
          

        

         

      

      The
        Company agrees not to enter into
        any waiver, release or settlement of any Claim (whether or not MZ is a formal
        party to such Claim) in respect of which indemnification may be sought hereunder
        without the prior written consent of MZ (which consent will not be unreasonably
        withheld), unless such waiver, release or settlement includes an unconditional
        release of MZ from all liability arising out of such claim.

      

      The
        provisions of this Annex A shall be
        in addition to any liability which the Company may otherwise have to MZ;
        shall
        not be limited by any rights that MZ may otherwise have; shall remain in
        full
        force and effect regardless of any termination of MZ’s engagement; and shall be
        binding upon any successors or assigns of MZ and the Company.

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