Document:

Exhibit 10.9

REGISTRATION RIGHTS AGREEMENT

          REGISTRATION
RIGHTS AGREEMENT, dated as of August ___, 2007, between INCENTRA SOLUTIONS,
INC., a Nevada corporation (the “Company”), and PAUL CHOPRA (“Shareholder”). 

WITNESSETH:

          WHEREAS,
pursuant to the terms of a Stock Purchase Agreement dated as of August ___,
2007 (the “Purchase Agreement”) between the Company and Shareholder, the
Company has agreed to issue to the Shareholder a Convertible Promissory Note
(the “Convertible Note”), convertible into such number of shares of Common
Stock, $.001 par value, of the Company (the “Common Stock”) as determined
pursuant to the Convertible Note; and 

          WHEREAS, as a condition precedent to the
consummation of the transactions contemplated by the Purchase Agreement, the
Company has agreed to provide certain registration rights pursuant to the terms
of this Agreement; 

          NOW, THEREFORE, in consideration of the
mutual covenants and obligations hereinafter set forth, the parties hereto,
intending to be legally bound, hereby agree as follows: 

          1.
Definitions. For purposes of this Agreement, capitalized terms used
herein shall have the meanings set forth in the preambles hereto and in this
Section 1. 

                    1.1
“Commission” shall mean the Securities and Exchange Commission or any
other federal agency at the time administering the Securities Act. 

                    1.2
“Common Stock” shall mean the common stock, par value $.001 per share,
of the Company or, in the case of a conversion, reclassification or exchange of
such shares of such Common Stock, shares of the stock issued or issuable in
respect of such shares of Common Stock, and all provisions of this Agreement
shall be applied appropriately thereto and to any stock resulting therefrom. 

                    1.3
“Exchange Act” shall mean the Securities Exchange Act of 1934, as
amended, or any similar federal statute enacted hereafter, and the rules and
regulations of the Commission thereunder, all as the same shall be in effect
from time to time. 

                    1.4
“Existing Rights Agreements” shall mean (i) the Registration Rights
Agreement dated as of October 10, 2000 between the Company and Equity Pier LLC
(ii) the warrant agreement between the Company and Equity Pier LLC dated March
28, 2001, (iii) the Form S-1 Registration Statement filed on or about May 4,
2007, (iv) the Registration Rights Agreement between the Company and former
ManagedStorage International, Inc. shareholders 

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dated August
18, 2004, (v) the Registration Rights Agreement dated as of March 30, 2005
between the Company and Barry R. Andersen and Gary L. Henderson, (vi) the
Amended and Restated Registration Rights Agreement dated as of January 6, 2006,
between the Company and Laurus Master Fund Ltd., (vii) the Registration Rights
Agreement dated as of March 31, 2006 by and between the Company and Laurus
Master Fund Ltd. (viii) the Registration Rights Agreement dated as of April 13,
2006 between the Company and Joseph J. Graziano, (ix) the Registration Rights
Agreement dated as of April 13, 2006 between the Company and Transitional
Management Consultants, Inc., (x) the Registration Rights Agreement dated June
26, 2006 between the Company, RAB American Opportunities Fund Limited, RAB
North American Dynamic Fund and others, (xi) the Registration Rights Agreement
dated August 24, 2006 between the Company, Craig Armstrong and Amherst
Holdings, LLC, and (xii) the Registration Rights Agreement dated July 31, 2007
between the Company and Calliope Capital Corporation. 

                    1.5
“Holder” shall mean any holder of Registrable Securities; provided,
however, that any Person who acquires any of the Registrable Securities in a
distribution pursuant to a registration statement filed by the Company under
the Securities Act or pursuant to a public sale under Rule 144 under the
Securities Act or any similar or successor rule shall not be considered a
Holder. 

                    1.6
“Initiating Holders” shall mean Holders representing (on a fully diluted
basis) at least sixty-six and 2/3 percent (66 2/3%) of the total number of
Registrable Securities. 

                    1.7
“Person” shall mean any individual, firm, corporation, partnership,
trust, incorporated or unincorporated association, joint venture, joint stock
company, government (or an agency or political subdivision thereof) or other
entity of any kind. 

                    1.8
“Register”, “registered” and “registration” shall refer to a
registration effected by preparing and filing a registration statement with the
Commission in compliance with the Securities Act and applicable rules and
regulations thereunder, and the declaration or ordering of the effectiveness of
such registration statement by the Commission.  

                    1.9
“Registrable Securities” shall mean (A) the shares of Common Stock
issued to the Shareholder pursuant to the Purchase Agreement, (B) the shares of
Common Stock issued to the Shareholder upon conversion of the Convertible Note
and (C) any stock of the Company issued as a dividend or other distribution
with respect to, or in exchange for or in replacement of, the shares of Common
Stock referred to in clauses (A) and (B); provided, however, that such shares
of Common Stock shall only be treated as Registrable Securities hereunder if
and so long as they have not been sold in a registered public offering or have
not been sold to the public pursuant to Rule 144 under the Securities Act or
any similar or successor rule.  

                    1.10
“Registration Expenses” shall mean all expenses incurred by the Company
in compliance herewith, including, without limitation, all registration and
filing fees, printing expenses, fees and disbursements of counsel for the
Company, blue sky fees and expenses, the reasonable fees and expenses (subject
to documentation thereof) of one counsel for all Holders 

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and Other
Stockholders that offer securities being sold pursuant to the Existing Rights
Agreements, and the expense of any special audits incident to or required by
any such registration (but excluding the compensation of regular employees of
the Company, which shall be paid in any event by the Company). 

                    1.11
“Securities Act” shall mean the Securities Act of 1933, as amended, or any
similar federal statute enacted hereafter, and the rules and regulations of the
Commission thereunder, all as the same shall be in effect from time to time.  

                    1.12
“Selling Expenses” shall mean all underwriting discounts and commissions
applicable to the sale of Registrable Securities.  

          2. Requested
Registration.  

                    2.1
Request for Registration. At any time after August 14, 2009 (such date being
hereinafter referred to as the “Demand Date”), if the Company shall receive
from Initiating Holders a written request that the Company effect any
registration with respect to Registrable Securities the Company will:  

	
 

	
 

	
 

	
 

	
 

	
          (a)
 promptly give written notice of the proposed registration to all other
 Holders; and 

	
 

	
 

	
 

	
 

	
 

	
          (b)
 as soon as practicable, use all reasonable efforts to effect such
 registration (including, without limitation, the execution of an undertaking
 to file post- effective amendments, appropriate qualification under the blue
 sky or other state securities laws requested by Initiating Holders and
 appropriate compliance with applicable regulations issued under the
 Securities Act) as may be so requested and as would permit or facilitate the
 sale and distribution of all or such portion of such Registrable Securities as
 are specified in such request, together with all or such portion of the
 Registrable Securities of any Holder or Holders joining in such request as
 are specified in a written request given within thirty (30) days after
 receipt of such written notice from the Company; provided, that the Company
 shall not be obligated to effect, or to take any action to effect, any such
 registration pursuant to this Section 2: 

	
 

	
 

	
 

	
 

	
 

	
          (i)
 in any particular jurisdiction in which the Company would be required to
 execute a general consent to service of process in effecting such
 registration, qualification or compliance, unless the Company is already
 subject to service in such jurisdiction and except as may be required by the
 Securities Act or applicable rules or regulations thereunder; 

	
 

	
 

	
 

	
 

	
 

	
          (ii)
 less than ninety (90) calendar days after the effective date of any
 registration declared or ordered effective other than a registration on Form
 S-3 or Form S-8; 

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          (iii)
 if, while a registration request is pending pursuant to this Section 2, the
 Company determines, in the good faith judgment of the Board of Directors of
 the Company, with the advice of counsel, that the filing of a registration
 statement would require the disclosure of non-public material information the
 disclosure of which would have a material adverse effect on the Company or
 would otherwise materially adversely affect a financing, acquisition,
 disposition, merger or other significant transaction, the Company shall
 deliver a certificate to such effect signed by its President to the proposed
 selling Holders and the Company shall not be required to effect a
 registration pursuant to this Section 2 until the earlier of (A) three (3)
 days after the date upon which such material information is disclosed to the
 public or ceases to be material or (B) 90 days after the Company makes such
 good faith determination; provided, however, that the Company shall not
 utilize this right more than once in any twelve month period; or

	
 

	
 

	
 

	
 

	
 

	
          (iv)
 except as set forth in Section 2.5, after the second such registration
 pursuant to this Section 2.1 has been declared or ordered effective. 

          Subject
to the foregoing clauses (i), (ii), (iii) and (iv), the Company shall file a
registration statement covering the Registrable Securities so requested to be
registered as soon as practicable after receipt of the request or requests of
the Initiating Holders. 

                    2.2
Additional Shares to be Included. The registration statement filed pursuant
to the request of the Initiating Holders may, subject to the provisions of
Sections 2.4 and 3.3 below, include (a) other securities of the Company (the
“Additional Shares”) which are held by (i) officers or directors of the Company
who, by virtue of agreements with the Company, are entitled to include their
securities in any such registration or (ii) other persons who, by virtue of
agreements with the Company, including the Existing Rights Agreements, are
entitled to include their securities in any such registration (the “Other
Stockholders”), and (b) securities of the Company being sold for the account of
the Company. 

                    2.3
Underwriting. 

                    (a)
If the Initiating Holders intend to distribute the Registrable Securities
covered by their request by means of an underwriting, they shall so advise the
Company as a part of their request made pursuant to this Section 2 and the
Company shall include such information in the written notice to other Holders
referred to in Section 2.1 above. The right of any Holder to registration
pursuant to this Section 2 shall be conditioned upon such Holder’s
participation in such underwriting and the inclusion of such Holder’s
Registrable Securities in the underwriting to the extent provided herein and
subject to the limitations provided herein. A Holder may elect to include in
such underwriting all or a part of the Registrable Securities he holds. 

                    (b)
The Company shall (together with all Holders, officers, directors and Other
Stockholders proposing to distribute their securities through such
underwriting) negotiate 

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and enter into
an underwriting agreement in customary form with the representative of the
underwriter or underwriters selected for such underwriting by a majority in
interest of the Initiating Holders, which underwriter(s) shall be reasonably
acceptable to the Company; provided that no Holder shall be required to make
any representations or warranties to or agreements (other than a lock-up
agreement pursuant to Section 11) with the Company or the underwriters, other
than representations, warranties or agreements regarding the Holder, its
Registrable Securities and its intended method of distribution and any other
representation required by law. 

                    2.4
Limitations on Shares to be Included. Notwithstanding any other
provision of this Section 2, if the representative of the underwriters of a
firm commitment underwriting advises the Initiating Holders in writing that
marketing factors require a limitation on the number of shares to be
underwritten, the number of shares of securities that are entitled to be
included in the registration and underwriting shall be allocated as follows:
first, among the Other Stockholders that offer securities being sold pursuant
to the Existing Rights Agreements, in proportion, as nearly as practicable, to
the respective amounts of Additional Shares which they had requested to be
included in such registration pursuant to the Existing Rights Agreements;
second, among the Holders, in proportion, as nearly as practicable, to the
respective amounts of Registrable Securities which they had requested to be
included in such registration; third, to the Company for securities being sold
for its own account; and thereafter, the number of shares that may be included
in the registration statement and underwriting shall be allocated among all
officers or directors or remaining Other Stockholders, in each case in
proportion, as nearly as practicable, to the respective amounts of Additional
Shares which they had requested to be included in such registration at the time
of filing the registration statement. If the Company or any Holder, officer,
director or Other Stockholder who has requested inclusion in such registration
as provided above disapproves of the terms of any such underwriting, such
Person may elect to withdraw such Person’s Registrable Securities or Additional
Shares therefrom by written notice to the Company and the underwriter and the
Initiating Holders. Any Registrable Securities or other securities excluded
shall also be withdrawn from such registration. No Registrable Securities or
Additional Shares excluded from such registration by reason of such
underwriters’ marketing limitation shall be included in such registration. To
facilitate the allocation of shares in accordance with this Section 2.4, the
Company or underwriter or underwriters selected as provided above may round the
number of Registrable Securities of any Holder which may be included in such
registration to the nearest 100 shares. 

                    2.5
Additional Demand Registration. If with respect to the last registration
permitted to be exercised by the Holders of Registrable Securities under
Section 2.1, the Holders are unable to register all of their Registrable
Securities because of the operation of Section 2.4 hereof, such Holders shall
be entitled to require the Company to effect one additional registration to
afford the Holders an opportunity to register all such Registrable Securities.
Such additional registration shall again be subject to the provisions of this
Section 2. 

          3. Company
Registration. 

                    3.1
At any time after August 14, 2009, if the Company shall determine to register
under the Securities Act any of its equity securities or securities convertible
into equity securities either for its own account or the account of a security
holder or holders exercising any 

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demand
registration rights, other than a registration relating solely to employee
benefit plans, or a registration relating solely to a Commission Rule 145
transaction, or a registration on Form S-4 or S-8, or the Form SB-2 filed on or
about June 29, 2004, (or any successor forms thereto), the Company will: 

	
 

	
 

	
 

	
 

	
 

	
          (a)
 promptly give to each Holder written notice thereof (which shall include a
 list of the jurisdictions in which the Company intends to attempt to qualify
 such securities under the applicable blue sky or other state securities
 laws); and 

	
 

	
 

	
 

	
 

	
 

	
          (b)
 include in such registration (and, subject to Section 2.1(b)(i), any related
 qualification under blue sky laws or other compliance), and in any
 underwriting involved therein, all the Registrable Securities specified in a
 written request or request, made by any Holder within thirty (30) days after
 receipt of the written notice from the Company described in clause (a) above,
 except as set forth in Section 3.3 below. Such written request may specify
 all or a part of a Holder’s Registrable Securities. 

                    3.2
Underwriting. If the registration of which the Company gives notice is
for a registered public offering involving an underwriting, the Company shall
so advise the Holders as a part of the written notice given pursuant to Section
3.1(a). The right of any Holder to registration pursuant to this Section 3
shall be conditioned upon such Holder’s participation in such underwriting and
the inclusion of such Holder’s Registrable Securities in the underwriting to
the extent provided herein. All Holders proposing to distribute their
securities through such underwriting shall (together with the Company and any
officers, directors or Other Stockholders distributing their securities through
such underwriting) enter into an underwriting agreement in customary form with
the representative of the underwriter or underwriters selected by the Company;
provided that no Holder shall be required to make any representations or
warranties to or agreements (other than a lock-up agreement pursuant to Section
11) with the Company or the underwriters, other than representations,
warranties or agreements regarding the Holder, its Registrable Securities and
its intended method of distribution and any other representation required by
law. 

                    3.3
Limitations on Shares to be Included. Notwithstanding any other
provision of this Section 3, if the representative of the underwriters of a
firm commitment underwriting advises the Company in writing that marketing
factors require a limitation or elimination on the number of shares to be
underwritten, the representative may (subject to the allocation priority set
forth below) limit the number of or eliminate the Registrable Securities to be
included in the registration and underwriting. The Company shall so advise all
holders of securities requesting registration, and the number of shares of
securities that are entitled to be included in the registration and
underwriting shall be allocated as follows: first, if such underwritten
offering shall have been initiated by the Company for the sale of securities
for its own account, to the Company for securities being sold for its own
account; second, among the Other Stockholders that offer securities being sold
pursuant to the Existing Rights Agreements, in proportion, as nearly as
practicable, to the respective amounts of Additional Shares which they had
requested to be included in such registration pursuant to the Existing Rights
Agreements; third, among the 

6

Holders, in
proportion, as nearly as practicable, to the respective amounts of Registrable
Securities which they had requested to be included in such registration;
fourth, if such underwritten offering shall not have been initiated by the
Company, to the Company for securities being sold for its own account; and
thereafter, the number of shares that may be included in the registration
statement and underwriting shall be allocated among all officers or directors
or remaining Other Stockholders, in each case in proportion, as nearly as
practicable, to the respective amounts of Additional Shares which they had
requested to be included in such registration at the time of filing the
registration statement. If any Holder of Registrable Securities or any officer,
director or Other Stockholder disapproves of the terms of any such
underwriting, he may elect to withdraw therefrom by written notice to the
Company and the underwriter. Any Registrable Securities or other securities
excluded or withdrawn from such underwriting shall also be withdrawn from such
registration. The Company shall have the right to terminate or withdraw any
registration initiated by it under this Section 3 prior to the effectiveness of
such registration whether or not any Holder has elected to include securities
in such registration. 

          4.
Expenses of Registration. All Registration Expenses incurred in
connection with any registration, qualification or compliance pursuant to
Sections 2, 3 or 4 of this Agreement shall be borne by the Company, except that
Selling Expenses shall be borne pro rata by each Holder in accordance with the
number of shares sold. 

          5.
Registration Procedures. 

                    5.1
In the case of each registration effected by the Company pursuant to this
Agreement, the Company will keep each Holder advised in writing as to the
initiation of each registration and as to the completion thereof and will, at
its expense: 

	
 

	
 

	
 

	
 

	
 

	
          (a)
 use all reasonable efforts to keep such registration effective for a period
 of 180 days or until the Holder or Holders have completed the distribution
 described in the registration statement relating thereto, whichever first
 occurs; provided, however, that the Company will keep such registration
 effective for longer than 180 days if the costs and expenses associated with
 such extended registration are borne by the selling Holders; 

	
 

	
 

	
 

	
 

	
 

	
          (b)
 Prepare and file with the Commission such amendments and supplements to such
 registration statement and the prospectus used in connection with such
 registration statement as may be necessary to comply with the provisions of
 the Securities Act with respect to the disposition of all securities covered
 by such registration statement; 

	
 

	
 

	
 

	
 

	
 

	
          (c)
 Furnish such number of prospectuses and other documents incident thereto,
 including any amendment of or supplement to the prospectus, as a Holder from
 time to time may reasonably request; 

	
 

	
 

	
 

	
 

	
 

	
          (d)
 Notify each seller of Registrable Securities covered by such registration
 statement at any time when a prospectus relating thereto is required to be
 delivered under the Securities Act of the happening of any event as a result
 of 

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which the
 prospectus included in such registration statement, as then in effect,
 includes an untrue statement of a material fact or omits to state a material
 fact required to be stated therein or necessary to make the statements
 therein not misleading or incomplete in the light of the circumstances then
 existing, and at the request of any such seller, prepare and furnish to such
 seller a reasonable number of copies of a supplement to or an amendment of
 such prospectus as may be necessary so that, as thereafter delivered to the
 purchasers of such shares, such prospectus shall not include an untrue
 statement of a material fact or omit to state a material fact required to be
 stated therein or necessary to make the statements therein not misleading or
 incomplete in the light of the circumstances then existing; 

	
 

	
 

	
 

	
 

	
 

	
          (e)
 List all such Registrable Securities registered in such registration on each
 securities exchange or automated quotation system on which the Common Stock
 of the Company is then listed; 

	
 

	
 

	
 

	
 

	
 

	
          (f)
 Provide a transfer agent and registrar for all Registrable Securities and a
 CUSIP number for all such Registrable Securities, in each case not later than
 the effective date of such registration; 

	
 

	
 

	
 

	
 

	
 

	
          (g)
 Make available for inspection by any seller of Registrable Securities, any
 underwriter participating in any disposition pursuant to such registration
 statement, and any attorney or accountant retained by any such seller or
 underwriter, all financial and other records, pertinent corporate documents
 and properties of the Company, and cause the Company’s officers and directors
 to supply all information reasonably requested by any such seller, underwriter,
 attorney or accountant in connection with such registration statement; 

	
 

	
 

	
 

	
 

	
 

	
          (h)
 Furnish to each selling Holder upon request a signed counterpart, addressed
 to each such selling Holder, of 

	
 

	
 

	
 

	
 

	
 

	
          (i)
 an opinion of counsel for the Company, dated the effective date of the
 registration statement in form reasonably acceptable to the Company and such
 counsel, and 

	
 

	
 

	
 

	
 

	
 

	
          (ii)
 “comfort” letters signed by the Company’s independent public accountants who
 have examined and reported on the Company’s financial statements included in
 the registration statement, to the extent permitted by the standards of the
 American Institute of Certified Public Accountants, covering such matters as
 are customarily covered in opinions of issuer’s counsel and accountants’
 “comfort” letters delivered to underwriters in underwritten public offerings
 of securities; 

	
 

	
 

	
 

	
 

	
 

	
          (i)
 Furnish to each selling Holder upon request a copy of all documents filed
 with and all correspondence from or to the Commission in connection with any
 such offering; and

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          (j)
 Make available to its security holders, as soon as reasonably practicable, an
 earnings statement covering the period of at least twelve months, but not
 more than eighteen months, beginning with the first month after the effective
 date of the Registration Statement, which earnings statement shall satisfy
 the provisions of Section 11(a) of the Securities Act. 

                    5.2
It shall be a condition precedent to the obligations of the Company to take any
action pursuant to this Agreement that the Holders proposing to register
Registrable Securities shall furnish to the Company such information regarding
themselves, the Registrable Securities held by them, and their intended method
of distribution of such Registrable Securities as the Company shall reasonably
request and as shall be required in connection with the action to be taken by
the Company; provided that no Holder shall be required to make any
representations or warranties to or agreements (other than a lock-up agreement
pursuant to Section 11) with the Company or the underwriters, other than
representations, warranties or agreements regarding the Holder, its Registrable
Securities and its intended method of distribution and any other representation
required by law. 

                    5.3
In connection with the preparation and filing of each registration statement
under this Agreement, the Company will give the Holders on whose behalf such
Registrable Securities are to be registered and their underwriters, if any, and
their respective counsel and accountants, the opportunity to review such
registration statement, each prospectus included therein or filed with the
Commission, and each amendment thereof or supplement thereto, and will give
each such Holder such access to the Company’s books and records and such
opportunities to discuss the business of the Company with its officers, its
counsel and the independent public accountants who have certified the Company’s
financial statements, as shall be necessary, in the opinion of such Holders or
such underwriters or their respective counsel, in order to conduct a reasonable
and diligent investigation within the meaning of the Securities Act. 

          6.
Indemnification. 

                    6.1
Indemnification by the Company. The Company will indemnify each Holder,
each of its officers, directors and partners, and each person controlling such
Holder, with respect to which registration, qualification or compliance has been
effected pursuant to this Agreement, and each underwriter, if any, and each
Person who controls any underwriter, against all claims, losses, damages and
liabilities (or actions, proceedings or settlements in respect thereof) arising
out of or based on any untrue statement (or alleged untrue statement) of a
material fact contained in any prospectus, offering circular or other document
(including any related registration statement, notification or the like)
incident to any such registration, qualification or compliance, or based on any
omission (or alleged omission) to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading, or
any violation by the Company of the Securities Act or any rule or regulation
thereunder applicable to the Company and relating to action or inaction
required of the Company in connection with any such registration, qualification
or compliance, and will reimburse each such Holder, each of its officers,
directors and partners, and each Person controlling such Holder, each such
underwriter and each Person who controls any such underwriter, for any legal
and any other 

9

expenses
reasonably incurred in connection with investigating and defending or settling
any such claim, loss, damage, liability or action, provided that the Company
will not be liable in any such case to the extent that any such claim, loss,
damage, liability or expense arises out of or is based on any untrue statement
or omission made in reliance upon and based upon written information furnished
to the Company by such Holder or underwriter and stated to be specifically for
use therein. 

                    6.2
Indemnification by the Holders. Each Holder will, if Registrable
Securities held by him are included in the securities as to which such
registration, qualification or compliance is being effected, indemnify the
Company, each of its directors and officers and each underwriter, if any, of
the Company’s securities covered by such a registration statement, each person
who controls the Company (other than such Holder) or such underwriter within
the meaning of the Securities Act and the rules and regulations thereunder,
each other such Holder and each of their officers, directors and partners, and
each Person controlling such Holder or other stockholder, against all claims,
losses, damages, expenses and liabilities (or actions in respect thereof)
arising out of or based on any untrue statement (or alleged untrue statement)
of a material fact contained in any such registration statement, prospectus,
offering circular or other document, or any omission (or alleged omission) to
state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading, and will reimburse the Company,
each of its directors and officers, each underwriter or control Person, each
other Holder and each of their officers, directors and partners and each Person
controlling such Holder or other stockholder for any legal or any other
expenses reasonably incurred in connection with investigating or defending any
such claim, loss, damage, liability or action, in each case to the extent, but
only to the extent, that such untrue statement (or alleged untrue statement) or
omission (or alleged omission) is made in such registration statement,
prospectus, offering circular or other document in reliance upon and in
conformity with written information furnished to the Company by such Holder and
stated to be specifically for use therein. 

                    6.3
Notices of Claims, Procedures, etc. Each party entitled to
indemnification under this Section 6 (the “Indemnified Party”) shall give
notice to the party required to provide indemnification (the “Indemnifying
Party”) promptly after such Indemnified Party has actual knowledge of any claim
as to which indemnity may be sought, and shall permit the Indemnifying Party to
assume the defense of any such claim or any litigation resulting therefrom,
provided that counsel for the Indemnifying Party, who shall conduct the defense
of such claim or any litigation resulting therefrom, shall be approved by the
Indemnified Party (whose approval shall not be unreasonably withheld), and the
Indemnified Party may participate in such defense at the Indemnified Party’s
sole expense, and provided further that the failure of any Indemnified Party to
give notice as provided herein shall not relieve the Indemnifying Party of its
obligations under this Section 7 unless such failure is prejudicial to the
ability of Indemnifying Party to defend such claim or action. Notwithstanding
the foregoing, such Indemnified Party shall have the right to employ its own
counsel in any such litigation, proceeding or other action if (i) the
employment of such counsel has been authorized by the Indemnifying Party, in
its sole and absolute discretion, or (ii) the named parties in any such claims
(including any impleaded parties) include any such Indemnified Party and the
Indemnified Party and the Indemnifying Party shall have been advised in writing
(in suitable detail) by counsel to the Indemnified Party either (A) that there
may be one or more legal defenses available to such Indemnified Party 

10

which are
different from or additional to those available to the Indemnifying Party, or
(B) that there is a conflict of interest by virtue of the Indemnified Party and
the Indemnifying Parties having common counsel, in any of which events, the
legal fees and expenses of a single counsel for all Indemnified Parties with
respect to each such claim, defense thereof, or counterclaims thereto shall be
borne by Indemnifying Party. No Indemnifying Party, in the defense of any such
claim or litigation, shall, except with the consent of each Indemnified Party,
consent to entry of any judgment or enter into any settlement which does not
include as an unconditional term thereof the giving by the claimant or
plaintiff to such Indemnified Party of a release from all liability in respect
to such claim or litigation. Each Indemnified Party shall cooperate to the
extent reasonably required and furnish such information regarding itself or the
claim in question as an Indemnifying Party may reasonably request in writing
and as shall be reasonably required in connection with defense of such claim
and litigation resulting therefrom. 

          7.
Information by Holder. Each Holder of Registrable Securities shall
furnish to the Company such information regarding such Holder and the
distribution proposed by such Holder as the Company may reasonably request in
writing and as shall be reasonably required in connection with any
registration, qualification or compliance referred to in this Agreement;
provided that no Holder shall be required to make any representations or
warranties to or agreements (other than a lock-up agreement pursuant to Section
11) with the Company or the underwriters, other than representations,
warranties or agreements regarding the Holder, its Registrable Securities and
its intended method of distribution and any other representation required by
law. 

          8.
Transfer or Assignment of Registration Rights. The rights to cause the
Company to register securities granted by the Company under this Agreement may
be transferred or assigned by a Holder to a transferee or assignee of any
Registrable Securities; provided that the Company is given written notice at or
prior to the time of said transfer or assignment, stating the name and address
of said transferee or assignee and identifying the securities with respect to
which such registration rights are being transferred or assigned; and provided
further that the transferee or assignee of such rights assumes in writing the
obligations of a Holder under this Agreement to the Company and other Holders
in effect at the time of transfer under all effective agreements. 

          9.
Termination of Registration Rights. No Holder shall be entitled to
exercise any right provided for in Section 2 or Section 3 above after the
earlier of, as to each Holder, the time at which such Holder (i) has sold all
shares of Common Stock to which this agreement applies, or (ii) can sell all
shares of Common Stock held by it and to which this agreement applies without
restriction in compliance with Rule 144(k). 

          10.
Exchange Act Compliance. So long as the Company remains subject to the reporting
requirements of the Exchange Act, the Company shall file the reports required
to be filed by it under the Securities Act and the Exchange Act and the rules
and regulations adopted by the Commission thereunder, and will take all actions
reasonably necessary to enable holders of Registrable Securities to sell such
securities without registration under the Securities Act within the limitation
of the provisions of (a) Rule 144 under the Securities Act, as such Rule may be
amended from time to time, (b) Rule 144A under the Securities Act, as such Rule
may be 

11

amended from
time to time, if applicable or (c) any similar rules or regulations hereunder
adopted by the Commission. Upon the request of any Holder of Registrable
Securities, the Company will deliver to such Holder a written statement as to
whether it has complied with such requirements. After any sale of Registrable
Securities pursuant to the provisions of Rule 144 or 144A, the Company will, to
the extent allowed by law, cause any restrictive legends to be removed and any
transfer restrictions to be rescinded with respect to such Registrable
Securities. In order to permit a Holder to sell the same, if it so desires,
pursuant to Rule 144A promulgated by the Commission (or any successor to such rule),
the Company will comply with all rules and regulations of the Commission
applicable in connection with use of Rule 144A (or any successor thereto).
Prospective transferees of Registrable Securities that are Qualified
Institutional Buyers (as defined in Rule 144A) that would be purchasing such
Registrable Securities in reliance upon Rule 144A may request from the Company
information regarding the business, operations and assets of the Company.
Within five (5) business days of any such request, the Company shall deliver to
any such prospective transferee copies of annual audited and quarterly
unaudited financial statements of the Company and such other information as may
be required to be supplied by the Company for it to comply with Rule 144A. 

          11.
No Conflict of Rights. The Company will not hereafter enter into any
agreement with respect to its securities which is inconsistent with the rights
granted to the Holders in this Agreement. Without limiting the generality of
the foregoing, the Company will not hereafter enter into any agreement with
respect to its securities which grants, or modifies any existing agreement with
respect to its securities to grant, to the holder of its securities equal or
higher priority to the rights granted to the Holders under Sections 2 and 3 of
this Agreement. 

          12.
Lockup Agreement. In consideration for the Company agreeing to its
obligations hereunder, the Holders of Registrable Securities agree in
connection with any registration of the Company’s securities (which includes
Registrable Securities of at least $75,000 in value) pursuant to Section 3
hereof that, upon the request of the Company not to sell, make any short sale
of, loan, grant any option for the purchase of or otherwise dispose of any
Registrable Securities (other than those shares included in such registration)
without the prior written consent of the Company for such period of time (not
to exceed 180 days) from the effective date of such registration as the Company
may specify. 

          13.
Benefits of Agreement; Successors and Assigns. This Agreement shall be
binding upon and inure to the benefit of the parties and their respective
successors and permitted assigns, legal representatives and heirs. This
Agreement does not create, and shall not be construed as creating, any rights
enforceable by any other Person. 

          14.
Complete Agreement. This Agreement constitutes the complete
understanding among the parties with respect to its subject matter and
supersedes all existing agreements and understandings, whether oral or written,
among them. No alteration or modification of any provisions of this Agreement
shall be valid unless made in writing and signed, on the one hand, by the
Holders of a majority of the Registrable Securities then outstanding and, on
the other, by the Company. 

12

          15.
Section Headings. The section headings contained in this Agreement are
for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. 

          16.
Notices. All notices, offers, acceptances and other communications
required or permitted to be given or to otherwise be made to any party to this
Agreement shall be deemed to be sufficient if contained in a written instrument
delivered by hand, first class mail (registered or certified, return receipt
requested), telecopier or overnight air courier guaranteeing next day delivery,
if to the Company, at 1140 Pearl Street, Boulder, Colorado 80302, Attention:
Chief Financial Officer, with a copy to Reed Guest, Esq., 94 Underhill Road,
Orinda, CA 94563, and if to the Shareholder, at the address set forth next to
his name on Exhibit A, attached hereto and made a part hereof, or at such other
address or addresses as may have been furnished the Company in writing. 

          All
such notices and communications shall be deemed to have been duly given: at the
time delivered by hand, if personally delivered; five business days after being
deposited in the mail, postage prepaid, if mailed; when receipt acknowledged,
if telecopied; and the next business day after timely delivery to the courier,
if sent by overnight air courier guaranteeing next day delivery. Any party may
change the address to which each such notice or communication shall be sent by
giving written notice to the other parties of such new address in the manner
provided herein for giving notice. 

          17.
Governing Law. This Agreement shall be governed by, and construed and
enforced in accordance with, the laws of the State of Delaware without giving
effect to the provisions, policies or principles thereof respecting conflict or
choice of laws. 

          18.
Counterparts. This Agreement may be executed in one or more counterparts
each of which shall be deemed an original but all of which taken together shall
constitute one and the same agreement. 

          19.
Severability. Any provision of this Agreement which is determined to be
illegal, prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such illegality, prohibition or
unenforceability without invalidating the remaining provisions hereof which
shall be severable and enforceable according to their terms and any such
prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 

          IN
WITNESS WHEREOF, the parties have signed this Agreement as of the date first
set forth above. 

	
 

	
 

	
 

	
 

	
INCENTRA SOLUTIONS, INC. 

	
 

	
 

	
 

	
By:  

	
 

	
 

	
 

	

	
 

	
 

	
Name:
      Thomas P. Sweeney III

	
 

	
 

	
Title:
        Chief Executive Officer

13

	
 

	
 

	
 

	
THE SHAREHOLDER 

	
 

	
 

	
 

	

	
 

	
Paul Chopra 

14

EXHIBIT A

Shareholder Name and Address

Paul Chopra 

15Exhibit 10.10

EMPLOYMENT AGREEMENT

          This
AGREEMENT (the “Agreement”) is made as of the date signed (the “Effective
Date”), by and between Incentra Helio Acquisition Corp., a Delaware corporation
(“Employer”) with its headquarters located in Boulder, Colorado (the
“Employer”), and Dave Condensa (the “Executive”). In consideration of the
mutual covenants contained in this Agreement, the Employer and the Executive
agree as follows:

          1.
Employment. The Employer agrees to employ the Executive and the
Executive agrees to be employed by the Employer on the terms and conditions set
forth in this Agreement.

          2.
Capacity; Location. The Executive shall serve the Employer as President.
In his capacity as President, Executive will report to the President (the
“President ”) of Incentra Solutions, Inc., a Nevada corporation, the parent
corporation of Employer (“Parent”), and shall be responsible for Employer’s
overall operations activities subject to the direction of the President. In
such capacity, the Executive shall perform such services and duties in
connection with the business, affairs and operations of the Employer as may be
assigned or delegated to the Executive from time to time by or under the
authority of the President. Executive’s employment with Employer will be based
in Employer’s Santa Clara, California, offices; provided, that Employee
may be required from time to time to travel in connection with Employer’s
business needs.

          3.
Term. The term of this Agreement shall be three (3) years unless
otherwise terminated in accordance with its provisions.

          4.
Compensation and Benefits. The regular compensation and benefits payable
to the Executive under this Agreement shall be as follows:

	
 

	
 

	
 

	
          (a)
 Salary. For all services rendered by the Executive under this
 Agreement, the Employer shall pay the Executive a salary (the “Salary”) at
 the annual rate of One Hundred Twenty Thousand Dollars ($120,000.00), subject
 to increase from time to time in the discretion of the Employer. The Salary
 shall be payable in periodic installments in accordance with the Employer’s
 usual practice for its senior executives. 

	
 

	
 

	
 

	
          (b)
 Bonus and Commissions. For the fiscal year ending December 31, 2007,
 Executive shall be eligible for an annual bonus based upon performance as
 determined by the Compensation Committee of Employer’s Board of Directors 

1

	
 

	
 

	
 

	
(the
 “Compensation Committee”). Thereafter, Executive shall be eligible to
 participate in an incentive program established by the Compensation Committee
 of Employer’, with such terms as may be established in the sole discretion of
 the Compensation Committee. For the period from September 1, 2007 to August
 31, 2008, Executive shall be entitled to receive commissions as set forth in
 Exhibit A hereto.

	
 

	
 

	
 

	
          (c) Regular Benefits. The Executive shall be entitled to health
 insurance benefits from Employer, and shall also be entitled to participate
 in any employee benefit plans, life insurance plans, disability income plans,
 retirement plans, expense reimbursement plans and other benefit plans which
 the Employer may from time to time have in effect for all or most of its
 executive management employees. Such participation shall be subject to the
 terms of the applicable plan documents, generally applicable policies of the
 Employer, applicable law and the discretion of the Employer or any
 administrative or other committee provided for in or contemplated by any such
 plan. Except with respect to the aforementioned health insurance benefits,
 nothing contained in this Agreement shall be construed to create any
 obligation on the part of the Employer to establish any such plan or to
 maintain the effectiveness of any such plan which may be in effect from time
 to time.

	
 

	
 

	
 

	
          (d)
 Vacation. The Executive shall be entitled to vacation according to
 Employer’s vacation policy, such vacation time to accrue on a per-pay-period
 basis.

	
 

	
 

	
 

	
          (e)
 Taxation of Payments and Benefits. The Employer shall undertake to
 make deductions, withholdings and tax reports with respect to payments and
 benefits under this Agreement to the extent that it reasonably and in good
 faith believes that it is required to make such deductions, withholdings and
 tax reports. Payments under this Agreement shall be in amounts net of any
 such deductions or withholdings. Nothing in this Agreement shall be construed
 to require the Employer to make any payments to compensate the Executive for
 any adverse tax effect associated with any payments or benefits or for any
 deduction or withholding from any payment or benefit.

	
 

	
 

	
 

	
          (f)
 Expenses. The Employer shall reimburse the Executive for all
 reasonable and necessary business related travel and other business expenses
 incurred or paid by the Executive in performing his duties under this
 Agreement and which are consistent with applicable policies of the Employer.
 All payments for reimbursement of such expenses shall be made upon
 presentation by the Executive of expense statements or vouchers and such
 other supporting information as the Employer may from time to time reasonably
 request.

	
 

	
 

	
 

	
          (g)
 Stock Options. Executive shall also be eligible for participation in
 Employer’s Parent’s Stock Option Plan, and Executive shall be entitled to
 receive incentive stock options pursuant to the terms of option agreements.

2

	
 

	
 

	
 

	
          (h)
 Exclusivity of Salary and Benefits. The Executive shall not be
 entitled to any payments or benefits other than those provided under this
 Agreement, except as otherwise approved by the Compensation Committee.

          5.
Extent of Service. During the Executive’s employment under this
Agreement, the Executive shall devote the Executive’s full business time, best
efforts and business judgment, skill and knowledge to the advancement of the
Employer’s interests and to the discharge of the Executive’s duties and
responsibilities under this Agreement. The Executive shall not engage in any
other business activity, except as may be approved by the Employer; provided,
that nothing in this Agreement shall be construed as preventing the Executive
from:

	
 

	
 

	
 

	
          (a)
 investing the Executive’s assets in any company or other entity in a manner
 not prohibited by Section 7(d) and in such form or manner as shall not
 require any material activities on the Executive’s part in connection with
 the operations or affairs of the companies or other entities in which such
 investments are made; or

	
 

	
 

	
 

	
          (b)
 engaging in religious, charitable or other community or non-profit activities
 that do not impair the Executive’s ability to fulfill the Executive’s duties
 and responsibilities under this Agreement.

          6.
Termination. The Executive’s employment under this Agreement shall
terminate under the following circumstances set forth in this Section 6.

	
 

	
 

	
 

	
 

	
          (a)
 Termination by the Employer for Cause. The Executive’s employment
 under this Agreement may be terminated for “Cause” without further liability
 on the part of the Employer, effective immediately upon a vote of the
 managers of the Employer and written notice to the Executive. Only the
 following shall constitute “Cause” for such termination:

	
 

	
 

	
 

	
 

	
 

	
          (i)
 dishonest or fraudulent statements or acts of the Executive with respect to
 the Employer or any affiliate of the Employer; 

	
 

	
 

	
 

	
 

	
 

	
          (ii)
 the Executive’s conviction of, or entry of a plea of guilty or nolo
 contendere for, (A) a felony or (B) any misdemeanor (excluding minor traffic
 violations) involving moral turpitude, deceit, dishonesty or fraud;

	
 

	
 

	
 

	
 

	
 

	
          (iii)
 gross negligence, willful misconduct or insubordination of the Executive with
 respect to the Employer or any affiliate of the Employer; or

	
 

	
 

	
 

	
 

	
 

	
          (iv)
 material breach by the Executive of any of the Executive’s obligations under
 this Agreement,.

3

	
 

	
 

	
 

	
          (b)
 Termination by the Executive. The Executive’s employment under this
 Agreement may be terminated unilaterally by the Executive by written notice
 to Employer at least thirty (30) days prior to such termination.

	
 

	
 

	
 

	
          (c)
 Termination by Executive For Good
 Reason. The Executive may, at
 his option, terminate Executive’s employment for “Good Reason” by giving a
 notice of termination to Employer in the event that: (i) there is a
 failure of Employer (or successor employer) to promptly pay Executive’s
 salary or additional compensation or benefits hereunder in accordance with
 this Agreement in any material respect, (ii) Executive is assigned duties
 substantially inconsistent with his title without Executive’s prior written
 consent, (iii) Executive’s principal place of employment is assigned to a
 geographic location not agreed to by Executive, or (iv) any other material
 violation or breach by Employer of this Agreement. It shall also be
 considered Good Reason for termination by Executive if, in the event of a
 Change of Control (as hereinafter defined), any successor employer fails to
 fully assume Employer’s obligations under this Agreement. For the purposes of
 this Agreement, a “Change of Control” shall mean the occurrence of any
 of the following events: (A) a dissolution or liquidation of the Employer;
 (B) a sale or other disposition of all or substantially all of the Employer’s
 assets; (C) a merger or consolidation involving the Employer in which
 stockholders of the Employer immediately prior to such transaction do not own
 a majority of the voting power of the Employer or its successor immediately
 after such transaction; or (D) a sale or other transfer of capital stock of
 Employer in one or a series of related transactions whereby an individual or
 “group” (as such term is used in Section 13(d)(3) of the Securities Exchange
 Act of 1934, as amended) which did not previously have direct or indirect
 “control” (as such term is defined in Rule 12b-2 under the Securities
 Exchange Act of 1934, as amended) of Employer acquires such control.

	
 

	
 

	
 

	
          (d)
 Termination by the Employer Without Cause. Subject to the payment of
 Termination Benefits pursuant to Section 6(e), the Executive’s employment
 under this Agreement may be terminated by the Employer without Cause upon
 written notice to the Executive (a termination “Without Cause”).

	
 

	
 

	
 

	
          (e)
 Certain Termination Benefits. Unless otherwise specifically provided
 in this Agreement or otherwise required by law, all compensation and benefits
 payable to the Executive under this Agreement shall terminate on the date of
 termination of the Executive’s employment under this Agreement, if and only
 if such termination is consistent with termination For Cause under Section
 6(a), or unilateral termination by the Executive under Section 6(b) above. In
 the event of termination of the Executive’s employment with the Employer is
 for Good Reason pursuant to Section 6(c) or Without Cause pursuant to Section
 6(d) above, the Employer shall provide to the Executive the following
 termination benefits (“Termination Benefits”):

4

	
 

	
 

	
 

	
          (i)
 payment of the Executive’s Salary at the rate then in effect pursuant to
 Section 4(a) for the period from the date of termination until the date which
 is six (6) months after the date of termination; and

	
 

	
 

	
 

	
          (ii)
 continuation of group health plan benefits to the extent authorized by and
 consistent with 29 U.S.C. § 1161 et seq.
 (commonly known as “COBRA”), with the cost of the regular premium for such
 benefits shared in the same relative proportion by the Employer and the
 Executive as in effect on the date of termination for twelve (12) months and
 at a cost of 102% of premium provided under COBRA, for up to an additional
 six (6) months.

	
 

	
 

	
 

	
          Notwithstanding
 the foregoing, nothing in this Section 6(e) shall be construed to affect the
 Executive’s right to receive COBRA continuation entirely at the Executive’s
 own cost to the extent that the Executive may continue to be entitled to
 COBRA continuation after the Executive’s right to cost sharing under Section
 6(d)(ii) ceases.

	
 

	
 

	
 

	
          (f)
 Disability. If the Executive shall be disabled so as to be unable to
 perform the essential functions of the Executive’s then existing position or
 positions under this Agreement with reasonable accommodation, the Employer
 may remove the Executive from any responsibilities and/or reassign the
 Executive to another position with the Employer during the period of such
 disability. Notwithstanding any such removal or reassignment, the Executive
 shall continue to receive all payments and benefits contemplated under this
 Agreement the same as if the Executive employment with Employer was
 terminated Without Cause (in which case Executive would receive all
 Termination Benefits, less any disability pay or sick pay benefits to which
 the Executive may be entitled under the Employer’s policies). If any question
 shall arise as to whether during any period the Executive is disabled so as
 to be unable to perform the essential functions of the Executive’s then
 existing position or positions with reasonable accommodation, the Executive
 may, and at the request of the Employer shall, submit to the Employer a
 certification in reasonable detail by a physician selected by the Employer to
 whom the Executive or the Executive’s guardian has no reasonable objection as
 to whether the Executive is so disabled or how long such disability is
 expected to continue, and such certification shall for the purposes of this
 Agreement be conclusive of the issue. The Executive shall cooperate with any
 reasonable request of the physician in connection with such certification. If
 such question shall arise and the Executive shall fail to submit such
 certification, the Employer’s determination of such issue shall be binding on
 the Executive. Nothing in this Section 6(f) shall be construed to waive the
 Executive’s rights, if any, under existing law including, without limitation,
 the Family and Medical Leave Act of 1993, 29 U.S.C. §2601 et seq. and the Americans with Disabilities
 Act, 42 U.S.C. §12101 et seq.

5

	
 

	
 

	
 

	
7. Confidential
 Information, Noncompetition and Cooperation. 

	
 

	
 

	
 

	
          (a)
 Confidential Information. As used in this Agreement, “Confidential
 Information” means information belonging to the Employer which is of value to
 the Employer in the course of conducting its business and the disclosure of
 which could result in a competitive or other disadvantage to the Employer.
 Confidential Information includes, without limitation, financial information,
 reports, and forecasts; inventions, improvements and other intellectual
 property; trade secrets; know-how; designs, processes or formulae; software;
 market or sales information or plans; customer lists; and business plans,
 prospects and opportunities (such as possible acquisitions or dispositions of
 businesses or facilities) which have been discussed or considered by the
 management of the Employer. Confidential Information includes information
 developed by the Executive in the course of the Executive’s employment by the
 Employer, as well as other information to which the Executive may have access
 in connection with the Executive’s employment. Confidential Information also
 includes the confidential information of others with which the Employer has a
 business relationship. Notwithstanding the foregoing, Confidential
 Information does not include information in the public domain, unless due to
 breach of the Executive’s duties under Section 7(b).

	
 

	
 

	
 

	
          (b)
 Confidentiality. The Executive understands and agrees that the
 Executive’s employment creates a relationship of confidence and trust between
 the Executive and the Employer with respect to all Confidential Information.
 At all times, both during the Executive’s employment with the Employer and
 after its termination, the Executive will keep in confidence and trust all
 such Confidential Information, and will not use or disclose any such
 Confidential Information without the written consent of the Employer, except
 as may be necessary in the ordinary course of performing the Executive’s
 duties to the Employer.

	
 

	
 

	
 

	
          (c)
 Documents, Records, etc. All documents, records, data, apparatus,
 equipment and other physical property, whether or not pertaining to
 Confidential Information, which are furnished to the Executive by the
 Employer or are produced by the Executive in connection with the Executive’s
 employment will be and remain the sole property of the Employer. The
 Executive will return to the Employer all such materials and property as and
 when requested by the Employer. In any event, the Executive will return all
 such materials and property immediately upon termination of the Executive’s
 employment for any reason. The Executive will not retain with the Executive
 any such material or property or any copies thereof after such termination.

	
 

	
 

	
 

	
          (d)
 Noncompetition and Nonsolicitation. Without the prior written consent
 of Employer, during the period that Executive is employed by Employer and for
 five (5) years thereafter, the Executive (i) will not, directly or indirectly,
 whether as owner, partner, shareholder, consultant, agent, employee,
 co-venturer or otherwise, engage, participate, assist or invest in any
 Competing Business (as 

6

	
 

	
 

	
 

	
hereinafter
 defined); (ii) will refrain from directly or indirectly recruiting or
 otherwise soliciting, inducing or influencing any person to leave employment
 with the Employer; and (iii) will refrain from soliciting or encouraging any
 customer or supplier to terminate or otherwise modify adversely its business
 relationship with the Employer. The Executive understands that the
 restrictions set forth in this Section 7(d) are intended to protect the
 Employer’s interest in its Confidential Information and established employee,
 customer and supplier relationships and goodwill, and agrees that such
 restrictions are reasonable and appropriate for this purpose. The Executive’s
 obligation to keep the Confidential Information confidential expires at the
 same time as indicated in the first sentence of this subparagraph (d). For
 purposes of this Agreement, the term “Competing Business” shall mean any
 business that provides or intends to provide the same or similar types of
 services or products as those provided by Employer, its parent company, or
 any of such parent company’s subsidiaries during Executive’s employment with
 the Company in any geographic area then served by Employer, Employer’s parent
 company, or any of such parent company’s subsidiaries. Notwithstanding the
 foregoing, the Executive may own up to two percent (2%) of the outstanding
 stock of a publicly held corporation.

	
 

	
 

	
 

	
          (e)
 Third-Party Agreements and Rights. The Executive hereby confirms that
 the Executive is not bound by the terms of any agreement with any previous
 employer or other party which restricts in any way the Executive’s use or
 disclosure of information or the Executive’s engagement in any business. The
 Executive represents to the Employer that the Executive’s execution of this
 Agreement, the Executive’s employment with the Employer and the performance of
 the Executive’s proposed duties for the Employer will not violate any
 obligations the Executive may have to any such previous employer or other
 party. In the Executive’s work for the Employer, the Executive will not
 disclose or make use of any information in violation of any agreements with
 or rights of any such previous employer or other party, and the Executive
 will not bring to the premises of the Employer any copies or other tangible
 embodiments of non-public information belonging to or obtained from any such
 previous employment or other party.

	
 

	
 

	
 

	
          (f)
 Litigation and Regulatory Cooperation. During and after the
 Executive’s employment, the Executive shall reasonably cooperate with the
 Employer in the defense or prosecution of any claims or actions now in
 existence or which may be brought in the future against or on behalf of the
 Employer which relate to events or occurrences that transpired while the
 Executive was employed by the Employer. The Executive’s full reasonable
 cooperation in connection with such claims or actions shall include, but not
 be limited to, being available to meet with counsel to prepare for discovery
 or trial and to act as a witness on behalf of the Employer at mutually
 convenient times. During and after the Executive’s employment, the Executive
 also shall cooperate reasonably with the Employer in connection with any
 investigation or review of any federal, state or local regulatory authority
 as any such investigation or review relates to events or

7

	
 

	
 

	
 

	
occurrences
 that transpired while the Executive was employed by the Employer. The
 Employer shall reimburse the Executive for any reasonable out-of-pocket
 expenses incurred in connection with the Executive’s performance of
 obligations pursuant to this Section 7(f) and shall pay the Executive for his
 time at his annual salary rate in effect at the time of the termination of
 his employment.

	
 

	
 

	
 

	
          (g)
 Injunction. The Executive agrees that it would be difficult to measure
 any damages caused to the Employer which might result from any breach by the
 Executive of the promises set forth in this Section 7, and that in any event
 money damages would be an inadequate remedy for any such breach. Accordingly,
 subject to Section 8 of this Agreement, the Executive agrees that if the
 Executive breaches, or proposes to breach, any portion of this Agreement, the
 Employer shall be entitled, in addition to all other remedies that it may
 have, to an injunction or other appropriate equitable relief to restrain any
 such breach without showing or proving any actual monetary yet sustained by
 Employer.

          8.
Arbitration of Disputes. Any controversy or claim arising out of or
relating to this Agreement or the breach thereof or otherwise arising out of
the Executive’s employment or the termination of that employment (including,
without limitation, any claims of unlawful employment discrimination whether
based on age or otherwise) shall, to the fullest extent permitted by law, be
settled by arbitration in any forum and form agreed upon by the parties or, in
the absence of such an agreement, under the auspices of the American
Arbitration Association (“AAA”) in Denver, Colorado, in accordance with the
Employment Dispute Resolution Rules of the AAA, including, but not limited to,
the rules and procedures applicable to the selection of arbitrators. In the
event that any person or entity other than the Executive or the Employer may be
a party with regard to any such controversy or claim, such controversy or claim
shall be submitted to arbitration subject to such other person or entity’s
agreement. Judgment upon the award rendered by the arbitrator may be entered in
any court having jurisdiction thereof. This Section 8 shall be specifically
enforceable. Notwithstanding the foregoing, this Section 8 shall not preclude
either party from pursuing a court action for the sole purpose of obtaining a
temporary restraining order or a preliminary injunction in circumstances in
which such relief is appropriate; provided, that any other relief shall
be pursued through an arbitration proceeding pursuant to this Section 8.

          9.
Consent to Jurisdiction. To the extent that any court action is
permitted consistent with or to enforce Section 8 of this Agreement, the
parties hereby consent to the jurisdiction of the courts of the State of
Colorado. Accordingly, with respect to any such court action, the Executive and
Employer both (a) submit to the personal jurisdiction of such courts; (b)
consent to service of process; and (c) waive any other requirement (whether
imposed by statute, rule of court, or otherwise) with respect to personal
jurisdiction or service of process.

          10.
Integration. This Agreement constitutes the entire agreement between the
parties with respect to the subject matter hereof and supersedes all prior
agreements between the parties with respect to any related subject matter.

8

          11.
Assignment; Successors and Assigns, etc. Neither the Employer nor the
Executive may make any assignment of this Agreement or any interest herein, by
operation of law or otherwise, without the prior written consent of the other
party; provided, that the Employer may assign its rights under this
Agreement without the consent of the Executive in the event that the Employer
shall effect a reorganization, consolidate with or merge into any other
corporation, partnership, organization or other entity, or transfer all or
substantially all of its properties or assets to any other corporation,
partnership, organization or other entity. This Agreement shall inure to the
benefit of and be binding upon the Employer and the Executive, their respective
successors, executors, administrators, heirs and permitted assigns.

          12.
Enforceability. If any portion or provision of this Agreement
(including, without limitation, any portion or provision of any section of this
Agreement) shall to any extent be declared illegal or unenforceable by a court
of competent jurisdiction, then the remainder of this Agreement, or the
application of such portion or provision in circumstances other than those as
to which it is so declared illegal or unenforceable, shall not be affected
thereby, and each portion and provision of this Agreement shall be valid and
enforceable to the fullest extent permitted by law.

          13.
Waiver. No waiver of any provision hereof shall be effective unless made
in writing and signed by the waiving party. The failure of any party to require
the performance of any term or obligation of this Agreement, or the waiver by
any party of any breach of this Agreement, shall not prevent any subsequent
enforcement of such term or obligation or be deemed a waiver of any subsequent
breach.

          14.
Notices. Any notices, requests, demands and other communications
provided for by this Agreement shall be sufficient if in writing and delivered
in person or sent by a nationally recognized overnight courier service or by
registered or certified mail, postage prepaid, return receipt requested, to the
Executive at the last address the Executive has filed in writing with the
Employer or, in the case of the Employer, at 1140 Pearl Street, Boulder, CO
80302, ATTN: Thomas P. Sweeney III, and shall be effective on the date of
delivery in person or by courier or three (3) days after the date mailed.

          15.
Amendment. This Agreement may be amended or modified only by a written
instrument signed by the Executive and by a duly authorized representative of
the Employer.

          16.
Governing Law. This is an Illinois contract and shall be construed under
and be governed in all respects by the laws of the State of Colorado, without
giving effect to the conflict of laws principles of such State.

          17.
Counterparts. This Agreement may be executed in any number of
counterparts, each of which when so executed and delivered shall be taken to be
an original; but such counterparts shall together constitute one and the same
document.

9

IN WITNESS
WHEREOF, this Agreement has been executed by the Employer and by the Executive
as of the ___ day of August 2007.

	
 

	
 

	
 

	
 

	
 

	
INCENTRA
 HELIO ACQUISITION CORP.

	
 

	
 

	
 

	
By: 

	
 

	
 

	

	
 

	
Name: 

	
Thomas P.
 Sweeney III

	
 

	
Title: 

	
Chief
 Executive Officer

	
 

	
 

	
 

	
 

	
EXECUTIVE:

	
 

	
 

	
 

	

10

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