Document:

fs1a1ex10iii_soact.htm

    
      
        
           

        

      

    

    
      Exhibit 10.3

       

      GIGABLAST
PROFESSIONAL SERVICES AGREEMENT

       

      This
Professional Services Agreement (the "Agreement') is made and entered into
effective as of January 19, 2009 (the "Effective Date") by and between Gigablast
Inc., a Delaware corporation with its principal offices at 4001 Rogan Ave. NE,
Suite A, Albuquerque, New Mexico, 87109, and So Act Network, Int. ("Customer), a
Delaware corporation with its principal offices at 5715 Will Clayton Parkway,
#6572, Humble, TX 77338.

       

      1.            Professional
Services.

       

      1.1            Gigablast
will provide to Customer the professional services ("Services") that are
described
in the Statement of Work, attached hereto as Exhibit A, (the
'Statement of Work') under the terms and conditions of this Agreement Such
Statement of Work may be amended or modified by supplementary work orders agreed
to in writing by both parties hereto and attached to the Statement of Work, and
thereafter the Services shall be deemed to include the services described in
such supplementary work orders.

       

      1.2            Gigablast
will provide such resources and utilize such employees and/or consultants as
it deems
reasonably necessary to perform the Services. The manner and means used by Gig
ablest to perform the Services are in the reasonable discretion and control of
Gigablast All work shall be performed at Gigablast facilities unless otherwise
mutually agreed. Gigablast shall use commercially reasonable efforts to meet the
schedules and time of performance for the Services as set forth in the Statement
of Work.

       

      1.3            Customer
agrees to provide Gigablast with such information and materials as Gigablast
reasonably
requires in order to perform the Services.

       

      1.4            Customer
and Gigablast agree to cooperate in good faith to achieve completion of the
services in a
timely and professional manner. Customer understands and agrees that Gigablast's
provision of the Services may depend on completion of certain Customer tasks or
adherence by Customer to schedules within Customer's control; consequently, the
schedule for completion of the Services or any portion thereof may require
adjustments or changes in the event Customer changes such tasks or schedules.
Gigablast shall bear no liability or otherwise be responsible for reasonable
delays in the provision of Services or any portion thereof occasioned by
Customer's failure to complete a Customer task or adhere to a Customer schedule.
Subject to the foregoing, Gigablast shall make commercially reasonable efforts
to meet milestone and delivery schedules contained in Exhibit A or any statement
of work.

       

      2.           Term of Agreement. The
Agreement portion related to Engine and Network construction commences
on the Effective Date and shall continue until completion of the Services as
described in Exhibit A, unless terminated earlier as provided herein. The
Agreement portion related to Engine and Network hosting commences upon the
launch of the live So Act Search Engine and So Act Network and shall continue
for as long as the parties with to continue the relationship, unless terminated
earlier as provided herein. Gigablast recognizes
that ongoing operation of the So Act Engine and Network is vital to Its success, so in the
event service to Customer's search engine and network is terminated for any
reason, Gigablast agrees to assist in an orderly transition to another provider
at Customers expense to insure no interruption and

       

       

      
        
          
            	
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      Initials

                  
	
                     

                  	 	 
	  

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      CONFIDENTIAL

       

      no loss
of service to Customer or Customer's customers, including but not limited to
transfer of software and correct ongoing operation of So Act Search Engine and
Network.

       

      3.           Service Fees and
Expenses.

       

      3.1           For
the Services provided by Gigablast and subject to the provisions of this
Agreement, Customer
agrees to pay Gigablast the fees set forth in the payment schedule of the
Statement of Work attached hereto plus any applicable sales or use taxes or
other charges as dismissed in Section
3.2. Customer also shall reimburse Gigablast for pre-authorized, actual,
reasonable travel and out-of-pocket expenses incurred for any Services that must
be performed away from Gigablast facilities.

       

      3.2         
The amounts payable to Gigablast set forth in the Payment Schedule do not
include any sales taxes. if Customer becomes obligated to pay any sales taxes on
the payments set forth in the Payment Schedule, attached hereto as Exhibit A such
obligation shall not in any way reduce the amounts due and payable to Gigablast
hereunder.

       

      4.            Invoicing and Payment.
Gigablast shall receive advance payment retainer of $20,000 for services
to be rendered upon execution of this document. All other charges are to be
billed and itemized with an accounting of the relevant charges on a Net 30 basis
in accordance with the Fees and Expenses outlined hereunder in EXHIBIT A
below.

       

      5.           Intellectual Property
Rights.

       

      5.1           As
used herein, the term IP Rights shall mean recognized protectable intellectual
property
such as, without limitation: patents and patent applications, copyrights,
trademarks, trade secrets, mask works, industrial design rights, rights of
priority and any and all other legal rights protecting intangible proprietary
information. Examples of inventions, innovations, and for developments that may
contain protectable IP Rights include, without limitation: formulas, know-how,
algorithms, methods, methodologies, design flows, processes, databases,
mechanical and electronic hardware, electronic components, computers and their
parts, computer languages, computer programs and their documentation, encoding
techniques, articles, writings, compositions, works of authorship, and
improvements.

       

      5.2           Customer
shall own all IP Rights to all software developed by Gigablast and paid for by
Customer
in the Statement of Work ("Software"), with the one exception that Gigablast
will exclusively own any modifications to its search engine source code,
including, but not restricted to, the Gigabit generator modifications as
specified in #19. For the term of this Agreement, Customer has the right to use
all Software for the fees and conditions set forth in the Statement of Work Use
of Gigablast's Search Engine, which includes any modifications to the search
engine source code developed for Customer, is subject to a monthly fee based on
the number of servers employed, and is given in the pricing chart in the
Statement of Work.

       

      5.3           Upon
written notice, Customer may have all Software for which it owns the IP Rights,
transferred
or uploaded to a third party for a transfer fee of $1,000.00.

       

      5.4        
 Customer agrees to assist and cooperate with Gigablast in all reasonable
respects, and execute all documents and, subject to reasonable availability,
give testimony and take all further acts reasonably necessary to acquire,
transfer, maintain, and enforce Gigablast's IP Rights.

       

      
         

        
          
            
              	
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      CONFIDENTIAL

       

      6.           
Limited Warranties and
Exceptions.

       

      6.1           Gigablast
warrants that the Services provided hereunder will be performed in a diligent
and
professional manner and consistent with the quality of Gigablast's performance
of services for similarly situated Customers. In addition, Gigablast represents
and warrants-that the Services will comply in all significant respects with the
specifications provided to Gigablast by Customer.

       

      6.2           THE
WARRANTY ABOVE IS EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES,
WHETHER EXPRESSED OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT, WHICH ARE
EXPRESSLY DISCLAIMED.

       

      6.3           In
order to receive warranty remedies, deficiencies in the Services must be
reported to Gigablast
in writing within 30 days of completion of the Services, and the warranties
above are void to the extent that any deficiency is caused by additions,
modifications or deletions to the Services or Software by Customer or any third
party. Customer's sole remedy shall be to have the deficiencies remedied or to
receive a refund of the pro rata amount of the fees allocable to such Services,
at Gigablast's option.

       

      6.4           in
the event that Gigablast fails to be able to provide the services listed in the
Statement of Work
due to the effective closing of the business, Customer has the right to transfer
all Software, and transfer the object code required to run the Search Engine, to
itself or a third party in order to continue to run the service, provided that
such designee assume full responsibility for protecting all II' rights in the
transferred data.

       

      7.        
   Termination.

       

      7.1           This
Agreement may be terminated by either party upon 45 days prior written notice if
the other
party materially breaches or fails to perform any material term hereof and the
breaching party fails to cure such breach within the 60-day period;
notwithstanding the foregoing, the cure period for any failure of Customer to
pay fees and charges due hereunder shall be 30 days from the data of receipt by
Customer of any notice of breach relating thereto. In addition to termination
for material breach, Customer may terminate this Agreement for convenience upon
60 days prior written notice to the other party at any time during the term of
the Agreement.

       

      7.2           Each
party's obligations under Sections 3-13 of the Agreement shall survive
termination or
expiration of the Agreement. Within sixty (60) days of termination of this
Agreement for any reason, Gigablast shall submit to Customer an itemized invoice
for any fees or expenses accrued and unpaid under this Agreement prior to the
date of such termination.

       

      B.           Indemnification.
Customer's rights to indemnity, if any, with respect to the Software
shall be as set
forth in the License Agreement.

       

      9.           Limitations on
Liability. EXCEPT FOR LIABILITY ARISING UNDER SECTIONS 5 AND
8 ABOVE
OR FOR BREACHES OF SECTION 10 BELOW, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO
THE OTHER FOR SPECIAL, CONSEQUENTIAL INCIDENTAL

      
         

        
          
            
              	
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      CONFIDENTIAL

       

      INDIRECT,
PUNITIVE OR EXEMPLARY DAMAGES, HOWEVER CAUSED, WHETHER FOR BREACH OF WARRANTY,
CONTRACT, TORT NEGLIGENCE, STRICT LIABILITY OR OTHERWISE, EVEN IF SUCH PARTY HAS
BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT WILL GIGABLAST BE
LIABLE TO Customer UNDER THIS AGREEMENT FOR AN AMOUNT IN EXCESS OF THE FEES PAID
HEREUNDER TO GIGABLAST.

       

      10.           Confidentiality and
Non-Use.

       

      10.1         Customer
acknowledges its confidentiality obligations with respect to the Software
(including
any Software developed hereunder) as set forth in Section 9 of the License
Agreement. With respect to any other confidential information of a party
disclosed hereunder, each
party agrees that such information shall be deemed Confidential Infomation
hereunder only if
it is clearly marked or otherwise dearly designated as confidential or the
equivalent or confirmed in writing as confidential within ten (10) days
following oral disclosure. However, a party's Confidential Information shall not
include any information that (a) is or becomes a part of the public domain
through no act or omission of the other party; or (b) was in the other party's
lawful possession prior to the disclosure and had not been obtained by the other
party either directly or indirectly from the disclosing party; or (c) is
lawfully disclosed to the other party by a third party without restriction on
disclosure; or (d) is independently developed by the other party by employees or
agents without access to or other use of the party's Confidential
Information.

       

      10.2         Each
party agrees, for the term of this Agreement and five years after its expiration
or termination,
to hold the other party's Confidential information in strict confidence, not to
disclose such Confidential Information to third parties not authorized by the
disclosing party to receive such Confidential Information, and not to use such
Confidential Information for any purpose except as expressly permitted
hereunder. Each party agrees to take all reasonable steps to protect the other
party's Confidential Information to ensure that such Confidential Information is
not disclosed, distributed or used in violation of the provisions of this
Agreement, and shall not disclose such Confidential Information to any person
who has not entered into a written agreement with such party containing
provisions covering the Confidential Information that are at least as protective
as those set forth herein. The foregoing prohibition on disclosure of
Confidential information shall not apply to the extent certain Confidential
Information is required to be disclosed by the receiving party as a matter of
law or by order of a court, provided that the receiving party uses reasonable
efforts to provide the disclosing party with prior notice of such obligation to
disclose and reasonably assists in obtaining a protective order
therefore.

       

      10.3         Each
party recognizes that the other party has received and in the future will
receive from
third parties their confidential or proprietary information subject to a duty to
maintain the confidentiality of such information and to use it only for certain
limited purposes. Each party agrees that it owes to the other party and to such
third parties, during the term of this Agreement and thereafter, a duty to hold
all such confidential or proprietary information in the strictest confidence and
not to disclose it to any person, firm or corporation or to use it except as
necessary in carrying out the provisions of this Agreement and the License
Agreement.

       

      10.4        Upon
the termination of this Agreement and the License Agreement, or upon a party's
earlier
request, the other party shall deliver to the requesting party all of the
requesting party's Confidential Information in tangible form that the other
party may have in its possession or control and certify such return in writing
to the requesting party.

      
         

        
          
            
              	
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      CONFIDENTIAL

       

      11.           Independent Contractors.
Gigablast shall perform the Services as an independent contractor,
and nothing contained in this Agreement shall be construed to create or imply a
joint venture, partnership, principal-agent or employment relationship between
the parties. Neither party shall take any action or permit any action to be
taken on its behalf which purports to be done in the name of or on behalf of the
other party and shall have no power or authority to bind the other party to
assume or create any obligation or responsibility express or implied on the
other party's behalf or in its name, nor shall such party represent to any one
that it has such power or authority.

       

      12.           Governing Law. This
Agreement will be governed by the procedural and substantive laws of
the State of the defendant without regards to its conflicts of laws principles.
This Agreement is prepared and executed and shall be interpreted in the English
language only, and no translation of Agreement into another language shall have
any effect. The parties agree that the
United Nations Convention on Contracts for the International Sale of Goods is
specifically excluded from and shall not apply to this Agreement. Any dispute
hereunder shall be adjudicated in the state and federal courts located in the
state of the defendant and the parties both hereby expressly consent to the
jurisdiction of such courts and to venue in such forum.

       

      13.           Miscellaneous.

       

      13.1         Notices. Notices to
be given or submitted by either party to other pursuant to this Agreement
shall be in writing and directed to the other party at such party's address as
set forth above. All notices shall be evidenced by means of a delivery receipt
and shall be effective upon receipt

       

      13.2         Severability. If any term or
provision of this Agreement is determined to be invalid or unenforceable
for any reason, it shall be adjusted rather than voided, if possible, to achieve
the intent of the parties to extent possible. In any event, all other terms and
provisions shall be deemed valid and enforceable to the maximum extent
possible.

       

      13.3        Force Majeure.
Gigablast shall not be liable for any loss, damage, or penalty arising
from
delay due to causes beyond its reasonable control.

       

      13.4        Assignment. Neither
party shall assign, delegate, or subcontract any portion of its rights,
duties,
or obligations under this Agreement without the prior written consent of the
other party, which consent will not be unreasonably withheld or delayed.
Notwithstanding the foregoing, a party may assign any of all of its rights, in
whole or in part, to any corporation, company, partnership or other entity that
controls, is controlled by or is under common control with such
party.

       

      13.5        Export Administration and
Compliance with Laws. Each party agrees to comply fully with all
relevant regulations of the U.S. Department of Commerce and with the U.S. Export
Administration Act to assure that deliverables and technical data are not
exported in violation of United States Law and to comply fully with any other
regulations or laws relating to such export or import into another country.
Customer shall be responsible for any
duties, customs charges or other taxes or fees relating to such export. Each
party shall comply with all applicable laws, rules and regulations in its
performance under this Agreement.

      
         

        
          
            
              	
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      CONFIDENTIAL

       

      13.6       
Complete Agreement.
This Agreement is the complete and exclusive statement of the Agreement
between the parties regarding the subject matter hereof, which supersedes all
proposals, oral or written, and all other communications between the parties
relating to such subject matter. This Agreement specifically supersedes any
prior Professional Services Agreement that may have been in effect between the
parties.

       

      13.7       
Modification. Customer
agrees that any preprinted terms and conditions of any purchase order or other
instrument issued by Customer in connection with the Agreement that are in
addition to or inconsistent with the terms and conditions of this Agreement
shall be of no force or effect. This Agreement may be modified only by a written
instrument duly executed by an authorized representative of Gigablast and
Customer.

       

      13.8       
No Waiver. The
failure of a party to enforce any provision of this Agreement shall not
constitute a waiver of such provision or the right of such party to enforce such
provision or any other provision.

       

      13.9.      
In the event it becomes necessary or feasible for Company to turn this account
over for collection to our attorney, or collection agency, or in the event court
action is instituted by Company for collection of any items herein, all
collection costs, incurred interest and reasonable attorney's fees will be
payable by Customer.

       

      14.         
Facsimile and Email
Copies. All Facsimile
and/or Email copies duly executed in whole or in counterparts are recognized by
the parties as fully binding under any and all applicable laws.

       

      In
witness whereof, the parties hereto have executed this Agreement as of the
Effective Date.

       

      
        
          	 Gigablast Inc.	 	 	 So Act Network,
      Inc.	 
	
                  /s/ 
      Matt Wells

                	 	 	
                  /s/ 
      Greg Halpern

                	 
	
                  Name
      Matt Wells

                	 	 	
                  Name Greg
      Halpern

                	 
	
                  Title CEO

                	 	 	
                  Title
      PRESIDENT

                	 

        

      
        	
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      CONFIDENTIAL

       

      EXHIBIT
A

       

      Statement
of Work (Confidential) 

      Description
of Services (Confidential):

       

      Gigablast
Inc. will construct social networking software according to specifications as
provided by Customer. Gigabfast will attempt to use open source solutions if it
deems them as time­saving solutions..

      Specifications
currently include, but may be modified in the future:

       

      
        
          	
                  1.

                	 Formulate
      a timeline for the work below
	
                  2.

                	
                   Provide
      a weekly progress report. Upload it to a web page or tool used for
      measuring progress.

                

        

      

      
        	
                3.

              	
                A
      user accounting system.

              
	
                4. 

              	 The
      ability for one user to connect to another as a
  "friend''

      

      
        	
                5.

              	
                The
      ability for a user to create and moderate groups which other users can
      join, with permission from the
creator.

              

      

      
        	
                6.

              	
                The
      ability to message all members of a
group.

              

      

      
        	
                7.

              	
                A
      private email module.

              

      

      
        	
                8.

              	
                A
      search module so a user can search pages in the network as well as pages
      on the web, where the web search does not use inlink information to rank
      the search results.

              

      

      
        	
                9.

              	
                The
      search module should also quote queries by default. Display unquoted
      results below those, with a disclaimer, "The results below are not exactly
      quoted matches, but may be
      useful'

              

      

      
        	
                10.

              	
                A
      commerce module to charge users $40/Year to become members and thus belong
      to the "member" group. Commerce module should connect to a billing service
      to conduct the actual transaction. PayPal should be supported. Module
      should record all transactions and make them easy to
  view.

              

      

      
        	
                11.

              	
                A
      permission system so a user can control permissions for his/her pages and
      files based on groups or
      individual users.

              

      

      
        	
                12.

              	
                Initial
      groups will include "Media Allies' (members of the press), 'Investors",
      "Members", "Public", "Connections" ("friends' of the user, varies from
      user to user)

              

      

      
        	
                13.

              	
                A
      Inspirational module to display one of 365 personal and life wisdom
      success items (quotations, uplifting thoughts, etc.). Only available to
      members. There might already be a module for this in elgg.com,
      etc.

              

      

      
        	
                14.

              	
                Page
      Builder Module. Make it easy to create a page describing an Initiate.
      Initiative (kind of like a business plan) includes information on the
      following topics: Objective, Management, Resources, and Requirements.
      Select a stock clip art icon for each topic and then fill in the blanks.
      Consider using a "drag & drop" of the clip art so it seems
      slick

              

      

      
        	
                15.

              	
                 An
      alert module to email and message a user when new results match his/her
      query. Used to aid in connecting users. One user may have certain
      resources that another user
requires.

              

      

       

      
        	
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      Initials

              
	
                 

              	 	 
	
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      CONFIDENTIAL

       

      
        	
                16. 

              	
                Allow
      creation of other pages and files that go into more detail about the initiative
      but are meant only for non-public
groups.

              

      

      
        	
                17. 

              	
                An
      advertising system only usable by members. Investigate open source
      solutions for this_

              

      

      
        	
                18.

              	
                 A
      module for doing press releases. Members can pay
      $10 (uses Commerce module) and So Act will automatically submit
      their press release to various sources which the users has check marked.
      Press release will be recorded as a file in case user wants to allow other
      groups to view it.

              

      

      
        	
                19.

              	
                 Search
      module should ultimately ask a series of questions to narrow search
      results. For now we will attempt to restrict gigabits to headers, etc. to
      obtain an ontology for the search results. If that works well
      we will investigate creating a series of questions based on the
      generated ontology.

              

      

      
        	
                20.

              	
                When
      first searching ask user two select either button #1 or #2. #1 = 'Show me
      only ads that relate directly to my exact search", #2 = "No, I do not
      like ads". Ask them that once per day. Put buttons at bottom of search
      results. Show ads by default.

              
	
                21.

              	
                 All
      non-member (public) users need to give extra information in order to
      bypass ads in the search results. If they select the "No thanks" button,
      it says "We're happy to give you a fabulous more relevant and intuitive
      search experience with no ads but first we ask that
      you give us an email and your age range. We also ask that you Agree to our
      Terms of Service and allow us the option of sending you one non-spam email
      a month updating you of developments around the world that will make cur
      lives infinitely better on the planet. And don't worry; you can opt out of
      the emails at any time in the
  future."

              

      

      
      

      
        
        

      

      
        	
                22.

              	
                Show
      search results from within the network on top of web search results,
      but only for members. Non-members do not get to search the network. Allow
      user to keep searching on either the network or the web exclusively by
      providing separate "Next 10" links.

              

      

      
        	
                23.

              	
                If
      user answers a 10-item demographics questionnaire they receive the So Act
      newsletter and get access to the Inspirational
  module.

              

      

      
        	
                24.

              	
                Make
      the network look similar to facebook.com or
      myspace.com if
      simple and possible.

              

      

      
        	
                25.

              	
                Make
      a way to send everyone the newsletter to their internal email
      address.

              

      

      
        	
                26.

              	
                A
      user can pay a one-time fee of $1000 and
      $500 annually to be a "Certified Green Member" and be in the
      "Green" group. They must e-sign a sworn
      statement of accuracy (TBD). Their pages and files will get a boost in the
      search results.

              

      

      
        	
                27.

              	
                Write
      some software, kind of
      like and Instant Messenger, that runs on the desktop. Gives a user
      access to their list of connections, who wants to connect to them, chat,
      email, alerts and search, just like the web page does, but it a
      tighter/smaller space.

              

      

      
        	
                28.

              	
                Investigate
      using open source software for the social networking platform, including:
      http://www.elgg.orgiscreenshots.php http://drupal.org/image http://joomla.com 
      http://www.phpizabi.net http://www.boonex.com/products/dorphin/

              
	
                29.

              	Investigate
      using open source software/modules for the other
  components.

      

      
        	
                30.

              	
                Build
      a small search engine without using link information to rank indexed
      terms. So that for a search, the results are unaffected by link
      popularities. Pricing sheet was already given to Customer. Size of cluster
      needs to be determined, waiting for Customer on
  that.

              

      

      
        	
                31.

              	
                Obtain
      Terms of Service from Customer so we can display on the website. 32. Host
      the social network service on a single machine using raid level 1. Backup
      the server
      on a nightly basis to another server located 100 ft. or more away in a
      different.
      room. The social network service servers are separate from the search
      engine servers.

              

      

       

      
        	
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      CONFIDENTIAL

       

      Fees and Expenses: Payment
Terms:

      Customer
agrees to the discounted billing rate of $150.00 per hour for all custom
software engineering services rendered by a Gigablast software engineer other
than Matt Wells, and $375.00 per hour for Matt Wells. Customer will provide
Gigablast with a retainer of $20,000.00. When ready to go live Customer will pay
Gigablast a fee of $500 per month to host the Social Network server, which
includes nightly backups mentioned in 32) above.

       

      Pricing
Chart for Search Engine: (These charges begin after launch of So Act Engine
& Network)

       

      
        
          
            
              	
                      Up to This Many 25KB
      Documents in Index (In Millions)

                    	
                       Max 25KB Pages
      Downloaded Per Day (In Millions) 

                    	
                       Max Typical
      Queries Per Day 

                    	
                       Flat
      Monthly Fee

                    
	 25	1 	4,000,000 	$3,000 
	 50	2	4,000,000 	$4,500
	 100	4	4,000,000 	$6,750
	 200	8	4,000,000 	 $10,125
	 500	16 	4,000,000 	 $15,187
	 1000	30 	4,000,000 	 $22,781
	 2000	50 	4,000,000 	 $34,171
	 5000	
                      100 

                    	
                      4,000,000 

                    	
                      $49,257

                    

            

          

        

      

       

       

      

       

      
        	
                 Gigablast
      Representative's Initials

              	 	
                 Customer's
      Initials

              
	
                 

              	 	 
	
                /s/
    MW

              	  

                Page 9
      of  9

              	
                 /s/
      GHfs1a1ex10iv_soact.htm

    
 

    Exhibit 10.4

    
      
        
          
            
               

               

               

               

               

               

              GLOBEX TRANSFER,
LLC

              Transfer Agent
Agreement

               

                
                  

                

              

            

             

             

             

             

            Globex Transfer, LLC

            780 Deltona Blvd., Suite 202

            Deltona, FL 32725

            Phone: 386-206-1133

            Fax: 386-267-3124

             

             

             

            
               

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

            

             

             

            This Transfer Agent
Agreement (this "Agreement") is made and entered into as of the date set forth
herein below by and between  So
Act Network, Inc.("Company") and GLOBEX TRANSFER, LLC a FLORIDA Limited
Liability Company ("GLBX").

             

            WHEREAS, GLBX is a
transfer agent in the business of maintaining stock ownership and transfer
records for companies;

             

            WHEREAS, Company wishes to
utilize the services of GLBX as its transfer agent under the term of this
Agreement and GLBX wishes to become Company's transfer agent;

             

            NOW, THEREFORE, in
consideration of the mutual promises herein contained, the parties hereto hereby
agree as follows:

             

            
              	
                      1)

                    	
                      Documents
      to be Delivered. The Company must provide to GLBX the following
      documents, certified as
required:

                    

            

            
              	
                      a)

                    	
                       Copy of
      Articles of Incorporation and all amendments
  thereto

                    

            

          

          
            	
                    b)

                  	
                     Copy of
      by-laws as presently in
effect

                  

          

        

        
          	
                  c)

                	
                   Copy of
      Resolution of the Board of Directors appointing
  GLBX

                

        

        
          	
                  d)

                	
                   Copy of
      Secretary

                

        

        
          	
                  e)

                	
                   Specimen
      certificates

                
	
                  f)
 	 Certificate of
      Authority of officers of the Company with specimen signatures of those who
      will sign certificates, written instructions, requests, and other
      instruments on behalf of the Company

        

        
          	
                  g)

                	
                   Signed copy of
      opinion of counsel addressed to GLBX stating
  that:

                

        

        
          	
                  i)

                	
                     The
      Company is duly organized and validly existing and has the requisite
      corporate power and authority to see and issue its
    securities.

                

        

        
          	
                  ii)

                	
                     Any
      stock issued and outstanding, or reserved for issuance, prior to, or at
      the time of the agreement of GLBX, has been (or shall be when issued in
      the case of reserved shares) properly and validly issued and is fully paid
      and non-assessable and such stock has been issued in compliance with
      applicable federal and state securities
laws.

                

        

        
          	
                  h)

                	
                   A
      Certified list or other media, in detail, showing all
      outstanding shares/amounts
indicating:

                

        

        
          	
                  i)

                	
                     Name,
      address, taxpayer identifying number, Federal Tax withholding election
      from each shareholder account, and the name, address, taxpayer identifying
      number, Federal Tax withholding election for each shareholder's pledgee,
      if any,  of uncertificated
shares.

                

        

        
          	
                  ii)

                	
                     Date of
      issuance, certificate number, share denomination for each outstanding
      certificate, relative to each shareholder account, including Treasury
      shares, and total number of shares.

                

        

        
          	
                  iii)

                	
                     The
      number of uncertificated shares issued, if any, relative to each
      shareholder account.

                

        

        
          	
                  iv)

                	
                     Stop
      transfer orders against any such certificate due
  to:

                

        

        
          	
                  (1)

                	
                     Loss of
      Certificate

                

        

        
          	
                  (2)

                	
                    
      "Investment Stock"

                

        

        
          	
                  (3)

                	
                    
      "Control Stock"

                

        

        
          	
                  (4)

                	
                    
      Litigation

                

        

        
          	
                  v)

                	
                   Undelivered
      cash, stock dividends and interest and records of the
  same.

                

        

        
          	
                  vi)

                	
                   Other
      historical data as may be
available.

                

        

        
          	
                  i)

                	
                     Company
      Contact Form

                

        

        
          	
                  2)

                	
                  Recapitalization
      or Readjustment. In the event of any recapitalization or
      readjustment, involving an increase or decrease in the number of
      shares/amounts which GLBX as Transfer Agent or Registrar is authorized to
      issue, transfer or register, including shares issued as stock dividend or
      any changes in the classes of stock, there shall be filed
      :

                

        

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          	
                  a)

                	
                     A copy
      of the relative amendment, if necessary, to the Articles if Incorporation
      B. A copy of the authorizing resolution of the Board of Directors and of
      the shareholders (if required) of the Company, certified as provided in
      paragraph 7.

                

        

        
          	
                  b)

                	
                     An
      Opinion of Counsel as to the validity of such recapitalization or
      readjustment and as to the compliance with federal and state securities
      laws of any issuance of stock pursuant to such recapitalization or
      readjustment.

                

        

        
          	
                  3)

                	
                     Temporary
      Certificates. If temporary certificates are issued at any time,
      GLBX will issue or register definitive certificates, when the same are
      ready in exchange for, or in transfer of, such
    certificates.

                

        

        
          	
                  4)

                	
                     Death,
      Resignation, or Removal of Signing Officer. In case any officer of
      the Company who shall have signed blank certificates or whose facsimile
      signature appears thereon shall cease to be such officer prior to the
      issuance of such certificates, GLBX may nevertheless thereafter issue or
      register such certificates if not in conflict with the laws of the state
      of incorporation of the Company.

                

        

        
          	
                  5)

                	
                     Future
      Amendment of Charter and By-Laws. The Company shall promptly file
      with GLBX a copy of all amendments to its Articles of Incorporation and
      By-Laws made after the date of this agency, certified as provided in
      paragraph 7.

                

        

        
          	
                  6)

                	
                     Instructions
      From the Company and opinion From Counsel. GLBX, at any time,
      may apply to any officer of the Company for instructions, and may seek
      advice from legal counsel for the Company or its own legal counsel,
      at the expense of the Company, with respect to any other matter
      relating to the agency, and it shall not be liable and shall be
      indemnified and held harmless by the Company for any action taken or not
      taken or taken or suffered by it in good faith in accordance with such
      instructions or the opinion of either of such
  counsel.

                

        

        
          	
                  7)

                	
                     Certification
      of Documents. The Secretary of State of the state of incorporation
      thereto shall certify the copy of the Articles of Incorporation of the
      Company and all amendments. A copy of the articles of Incorporation and
      amendments certified by an officer  having custody of the
      records may be substituted by the discretion of GLBX. A copy of the
      permits or orders of the appropriate Commissioner of the State of 
      Incorporation and/or of the officer or board of any Federal or State
      Agency whose consent is required for the issuance of stock shall be
      certified by the Secretary of Clerk of the Commission or other body
      issuing the permits or orders, or by the officer having custody of the
      records. The copy of the By-Laws and copies  of all amendments
      thereto, copies of all resolutions of the Board of Directors of the
      Company, specimen certificates and specimens of genuine signatures shall
      be certified by the Secretary or Assistant Secretary of the Company.
      

                

        

        
          	
                  8)

                	
                     Signatures.
      GLBX shall be protected and held harmless by the Company in acting upon or
      recognizing any paper or document believed by it to be genuine and
      believed by it to have been signed by the person or persons by whom it
      purports to be signed. It shall also be protected and held harmless by the
      Company in acting upon or recognizing such certificates, which it
      reasonably believes to bear the genuine or facsimile seal thereof and the
      genuine counter-signature of the Transfer Agent or Registrar or any
      Co-Transfer Agent or Co-Registrar.

                

        

        
          	
                  9)

                	
                     Records.
      GLBX may retain all records, which it deems proper or necessary in
      connection with its agency during and upon termination of the
      agreement.

                

        

        
          	
                  10)

                	
                     Resignation
      or Removal. GLBX may resign at any time by giving written notice of
      such resignation to the Company at its last known address, and thereupon
      its duties as Transfer Agent, Registrar, or as Dividend/ Interest
      Disbursing Agent, as the case may be shall cease. GLBX may be removed at
      any time by resolution of the Board of Directors of the Company, such
      removal to become effective upon the receipt by GLBX of a certified copy
      of such resolution and upon payment of any amount due GLBX in connection
      with the agency.

                

        

        
          	
                  11)

                	
                     Non-Responsibility.
      Anything herein to the contrary notwithstanding, GLBX shall in no event be
      liable for any damage resulting from any action taken, omitted or suffered
      by it in connection with any of the foregoing agencies, unless resulting
      from its gross negligence or willful
misconduct.

                

        

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          	
                   

                	
                   

                
	
                  12) 

                	
                  Certificates.
      The Company shall furnish GLBX with a sufficient supply of unissued
      certificates and from time to time shall renew such supply upon the
      request of GLBX. Unissued certificates shall be signed by the Corporate
      officers authorized to sign certificates and shall bear the corporate
      steal, or shall bear, to the extent permitted by law, the facsimile
      signature of each such officer and/or corporate
      seal.

                
	
                  13) 

                	
                  Original
      issue of Shares of Stock.  GLBX will make original issue of
      shares of stock upon the written instructions of any officer of the
      corporation whose name and specimen signature appears on the Certificates
      of Authority filed with GLBX, together with an Opinion of Counsel with
      respect to such issuance. GLBX shall be furnished with a certificate
      of the Treasurer or other proper officer of the Company stating that it
      has received full consideration for the shares which are to be issued and
      a certified copy of the resolutions authorizing the original issuance of
      the shares of stock and authorizing such action by GLBX. The requisite
      documentation is described in paragraph 2, as it would apply to such
      issuance.

                

        

        
          	
                  14)

                	
                  Transfer
      of Stock. Transfer of shares will be registered
      and

                

        

        
          	
                  a) 
      

                	
                   new
      certificates issued upon surrender of old certificates properly endorsed
      for transfer or

                
	

                  b) 
      
 	
                  uncertificated
      shares issued upon submission of an Internal Transfer Instruction; with
      all necessary endorsers' signature guaranteed in such a manner and form as
      GLBX may require, by a guarantor reasonably believed to be responsible by
      GLBX; accompanied by such assurance as
      GLBX shall deem necessary or appropriate to evidence the genuineness and
      effectiveness of each necessary endorsement; and accompanied by
      satisfactory transfers, GLBX as Transfer Agent may rely upon the Uniform
      Commercial Code or any other statutes and provisions of applicable law
      which in the opinion of counsel protect GLBX and this Company in not
      requiring complete documentation, in registering transfer without inquiry,
      or in refusing registration where in its judgment an adverse claim
      requires such
refusal.

                

        

        
        

      

      
        
          	
                  15)

                	
                  Subscription
      Warrant. GLBX as Transfer Agent, will issue and mail
      warrants for rights to subscribe to stock and will accept subscriptions
      and issue certificates for shares of stock therefore upon receiving
      written instructions from the President or Vice
      President and
      Secretary or Assistant Secretary of the Company,
      upon being supplied with such warrant
      together  with  a certified copy of the
      resolutions authorizing the issuance of the warrants and
      authorizing such action by GLBX and an Opinion of Counsel with respect to
      such issuance.

                

        

        
          	
                  16)

                	
                  Restrictions
      on Transfer or Exchange.
      No
      restriction placed by the Company on the transfer or exchange
      of any certificate or shares of stock, whether due to a provision in the
      Company's Articles of
      incorporation, By-Laws, or to other reasons,
      will
      be honored by GLBX
      unless:

                

        

        
          	
                  a)  

                	
                  such
      restriction or a reference thereto is dearly imprinted on the stock
      certificate;

                
	b)  	
                  GLBX
      has received written instructions from the Company as to be procedure to
      be followed by GLBX upon the presentation, for transfer or exchange, of a
      certificate for shares of stock which is subject
      to restrictions and an
      Opinion of Counsel to the effect that the removal of such
      restriction (and any related restrictive legend on the certificate) is
      legally valid under applicable federal and state securities laws. The
      Company agrees to Indemnify and hold GLBX
      and its affiliates and agents harmless against any expenses,
      losses, claims, damages, or liabilities to which GLBX may become subject
      by virtue of honoring the instructions referred to in this
      paragraph.

                

        

        
        

        
          	
                  17)

                	
                  Lost
      Certificates. GLBX may issue new certificates in place of
      certificates verified to be lost,
      destroyed, or stolen upon receiving instructions torn the Company
      (if necessary) and indemnity satisfactory to GLBX, the Company and the
      Registrar, and may issue new certificates in exchange for and upon
      surrender of, mutilated certificates. Such instructions from the Company
      shall be in the form of a certified copy of resolutions of the Board of
      Directors of the Company (unless otherwise directed by such Board of
      Directors) and shall be in accordance with the provisions of law and of
      the By-Laws of the Company governing such
      matter.

                

        

        
          	
                  18)  

                	
                  Stock
      Dividends and Stock Splits. GLBX will issue and mail certificates
      for shares of stock representing a stock dividend or stock split upon
      receiving written instructions from the President or Vice-president and
      Secretary or Assistant Secretary of the Company together with a certified
      copy of the Resolutions authorizing the issuance of the stock and
      authorizing such action by GLBX, and any applicable documents required
      under paragraph 2 and not previously
    furnished.

                

        

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

         

        
          	
                  19)  

                	
                  Stockholder's
      LISTs. GLBX
      will furnish a stockholder's fist to the Company for its annual
      meeting upon receiving a written request signed by a duly authorized
      officer of the Company. It will also furnish hats at such other times as
      may be requested by the Company.

                

        

        
          	
                  20)  

                	
                  Notices
      to Stockholders. At the request of the Company, GLBX will
      address and mail notices and/or other materials to stockholders.
      Such material and the envelopes Ni which they are to be malted must be in
      the possession of GLBX on the record date for the
  mailing.

                

        

        
          	
                  21)  

                	
                  Disposition
      of Canceled Certificates. GLBX
      may deliver to the Company certificates, which have been canceled
      in transfer, redemption, conversion, or in exchange and thereafter be free
      of all responsibility
      therefor.

                

        

        
          	
                  22)  

                	
                  Disposition
      of Unissued Certificates. If GLBX's agency is terminated, GLBX may
      deliver unissued certificates to a printer for blocking out the name of
      GLBX as Agent, and arrange for subsequent delivery to the Company, or GLBX
      may shred such certificates upon written instructions from the Company,
      and furnish an Authentication of Shredding
      thereof.

                

        

        
          	
                  23)  

                	
                  Inspection
      of Stock Books. In case of any demand for the inspection of the stock
      books or records of the Company, GLBX will endeavor to notify the Company
      and to secure instructions frank as to permitting or refusing such
      inspection. GLBX reserves
      the right however, to exhibit the stock books Or records whenever
      it is advised by its counsel that it may be held responsible for failure
      to do so.

                

        

        
          	
                  24)  

                	
                  Closing
      of Books. Prior to any record date, the Company shall notify GLBX, by
      letter signed by a duly authorized officer of the Company, of such record
      date for any closing of its books in order that GLBX may ascertain the
      names of the stockholders as of that date and the number of shares of
      stock held by each.

                

        

        
          	
                  25)  

                	
                  Agreement.
      GLBX will act as Dividend/Interest Disbursing Agent upon receipt or a
      certified copy of the resolution of the Board of Directors appointing GLBX
      as Dividend/Interest Disbursing
Agent.

                

        

        
          	
                  26)  

                	
                  Notice
      and Provision of Funds. GLBX will pay dividends upon receipt of
      instructions from the Company and a certified copy of the resolution of
      the Board of Directors of the corporation declaring the dividend,
      certified to by the Secretary or
      Assistant Secretary of the Company, and the deposit with GLBX of
      the necessary funds before the close of banking hours at least two
      business days before the dividend is to be mailed. GLBX will pay interest
      based on the terms of the bond/debenture agreement and the deposit with
      GLBX of the necessary funds before the dose of banking hours at least two
      business days before the interest payment is to be
  mailed,

                

        

        
          	
                  27)  

                	
                  Form of
      Check. Checks shall be of
      a form and size compatible for use on the mechanical equipment
      of GLBX. A sufficient supply of such checks must be in the
      possession of GLBX on the record
date.

                

        

        
          	
                  28)  

                	
                  Unpaid
      Checks. In the payment of addend/interest, GLBX shall be deemed the Agent
      of the Company and not a trustee for the stockholders, GLBX shall continue
      to
      hold unpaid or undisbursed . funds, unless instructed otherwise by
      the Company.

                

        

        
          	
                  29)  

                	
                  Withholding. The
      Company shall notify GLBX of any and all amounts to be withheld from
      holders subject to withholding under any law or government regulation. The
      Company indemnifies and holds GLBX harmless against any expenses, losses,
      claims, damages, or Hebrides
      to which GLBX may become
      Noble by virtue of the Company's failure to notify GLBX of any such
      withholdings.

                

        

        
          	
                  30)  

                	
                  Notice,
      Proxy issuance and Tabulation. GLBX upon receiving written Instructions
      signed by a duly authorized officer of the
      Company, and upon, being furnished, on the record date, with
      proxies of a form and size compatible  for use on
      its mechanical equipment, will address and mail said proxies to all
      shareholders as of a given record date.
      GLBX, shall also, if requested, examine and tabulate said modes,
      and report the result
      of said
      tabulation
      to the Company provided GLBX is furnished with the necessary signed
      instructions which will include directions as to the acceptance and
      rejection of nodes

                

        

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
 

         

        
          	
                  31)  

                	
                  Fees
      and Payment of Fees. The Company agrees to pay fees as outlined in Exhibit
      A - Fee Schedule. GLBX's fees may be increased at GLBX's sole discretion
      upon thirty (30) days written notice to the Company. The Company agrees to
      pay all amounts due to GLBX under this-Agreement within 30 days of
      billing. Company
      specifically agrees that GLBX shall have a lien against all
      Company records to secure any amounts owed to GLBX. In addition, Company
      specifically agrees that GLBX
      may, at its option, refuse to make any transfers of Company's
      securities until all past due amounts have been paid in full. All invoices
      are Net 30 Days. A 1.5% per month, 18% per annum, service charge will be
      added on all past due amounts. Al collection/attorney fees incurred by
      GLBX will be bled accordingly.

                

        

        
          	
                  32)  

                	
                  Indemnity.
      Company assumes full responsibility and agrees to indemnify and save
      harmless GLBX from and against all liabilities, losses, damages, costs,
      charges, counsel fees and other expenses of every kind, nature and
      character, which GLBX
      may incur as a result of acting as Company's Transfer Agent,
      Dividend/Interest Disbursing Agent and/or Proxy Agent, or as a result of
      actions of any predecessor Transfer Agent, Dividend/Interest Disbursing
      Agent and/or Proxy Agent The responsibility of the Company to indemnify,
      hold harmless and contribute as herein provided is limited to acts, which
      were conducted by GLBX in good faith. GLBX may request company to post
      collateral which is sufficient in the opinion of GLBX
      or its counsel to secure this indemnity agreement. GUM shall not be
      under any obligation to prosecute or to defend any action or suit in
      relation to the Transfer Agent, Dividend/Interest Disbursing Agent and/or
      Proxy Agent relationship between GLBX and the Company which, in the
      opinion of GLBX or its counsel may involve an expense or liability on
      behalf or against GLBX, unless the Company shirk when such occasion
      arises, furnish GLBX
      with satisfactory security for expense or liability. Additionally,
      Company grants GLBX the following rights and
  remedies:

                

        

        
          	
                  a)  

                	
                  Right
      of contribution to GLBX by Company for amounts paid to third parties,
      based on an act or acts of GLBX as Transfer Agent, Dividend/Interest
      Disbursing Agent and/or Proxy Agent for
Company.

                

        

        
          	
                  b)  

                	
                  GLBX
      may request an opinion of counsel when GLBX requires, relative to
      any matter, which may arise in the performance of GLBX's duties as
      Company's Transfer Agent, Dividend/Interest Disbursing Agent and/or Proxy
      Agent which opinion shall be at the expense of the
      Company.

                

        

        
          	
                  c)  

                	
                  A
      security interest in any books and records of Company which are in
      possession of GLBX. and

                

        

        
          	
                  d)  

                	
                  Right
      to obtain from Company any books, records, or memoranda which are required
      by GLBX in defense of
      any claim which may arise in
      the performance of GLBX's duties as Transfer Agent,
      Dividend/Interest Disbursing Agent and/or Proxy
  Agree.

                

        

        
          	
                  33)  

                	
                  Interpretation.
      In the event any claim is made by any party relating to conflict,
      omission, or ambiguity in this Agreement, no presumption or burden of
      proof or persuasion shaft be implied by virtue of the fact that this
      Agreement was prepared by, or the request of, a particular party or
      counsel

                

        

        
          	
                  34)  

                	
                  Governing
      Law and Jurisdiction. This Agreement shall be governed by the laws of the
      State of FLORIDA and Jurisdiction for all proceedings in connection with
      this Agreement shall be Clark County,
FLORIDA

                

        

        
          	
                  35)  

                	
                  Severability.
      If any provision of this Agreement, or the application of such provision
      to any person or circumstance, shall be held invalid, the remainder of
      this Agreement shall not be affected
thereby.

                

        

        
          	
                  36)  

                	
                  Waiver.
      The waiver of any provision or breach of this Agreement in any instance or
      instances shall not constitute a waiver or a release of any other
      provision or breach of this Agreement in any other instance or
      instances.

                

        

        
          	
                  37)
      

                	
                  Complete
      Agreement. This Agreement constitutes the complete, exclusive, and final
      expression of the agreement between the parties with respect to the
      subject matter herein, and replaces and supersedes all prior written and
      oral agreements, discussions, understandings, or statements by, and
      between parties hereto. This Agreement, or any provision thereof, may only
      be amended or waived by writing signed by an authorized person
      representing both parties.

                

        

        
          	
                  30)
      

                	
                  Binding
      Effect. This Agreement shall be binding upon and inure to the benefit of,
      the parties hereto and their respective successors and
    assigns

                

        

        
          	
                  39)  

                	
                  Termination.
      The Agreement  may be terminated by either party upon giving 30
      days prior written notice thereof to the other at its last address of
      record, but no termination shall affect the obligation of the Company to
      pay for services rendered prior to the effective date of such termination.
      GLBX surrender to the company all records and documents of the Company
      upon receipt of a corporate resolution terminating GLBX and its agents,
      and upon payment of all fees owed
GLBX.

                

        

        
          	
                  40)  

                	
                  Attorneys
      Fees. In the event
      any suit is brought to collect any sums due hereunder, or to
      enforce any of the provisions of
      this agreement. The prevailing party shall be entitled to recover
      from the non-providing party all reasonable fees. costs, expenses of
      enforcing any
      right of the prevailing party. Including without limitation,
      reasonable attorney's fees and
expenses.

                

        

         

         

      

       

      
        
          
            	 GLOBEX
      TRANSFER, LLC            	 	 	 So
      Act Network, Inc.	 
	
                    /s/
      Micheal Turner

                  	 	 	
                    /s/
      Greg Halpern

                  	 
	
                    Name
      Micheal Turner

                  	 	 	
                    Name Greg
      Halpern

                  	 
	
                    Title Managing
      Member

                  	 	 	
                    Title
      President

                  	 
	 Date
      1/20/2009	 	 	 Date 1/20/
      2009

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