Document:

Exhibit 10.2

 

CONSULTING AGREEMENT

 

CONSULTING AGREEMENT (the “Agreement”), made
this 14th day of July, 2005 by and between MONSTER WORLDWIDE, INC., a Delaware
corporation (the “Corporation”) and JEFFREY C. TAYLOR (“Consultant”).

 

P R E L I M I N A R Y

R E C I T A L S

 

WHEREAS, Consultant has considerable
knowledge and experience in the business conducted and to be conducted by the
Corporation from time to time, including but not limited to the business of
Monster, the Corporation’s online careers property; and

 

WHEREAS, the Corporation desires to obtain
the benefit of Consultant’s special knowledge and experience; and

 

WHEREAS, Consultant desires to serve as a
consultant to the Corporation;

 

NOW, THEREFORE, in consideration of the
premises and the mutual covenants and agreements herein contained, the
Corporation and Consultant hereby agree as follows:

 

1.                                       Term. 
The Corporation hereby engages Consultant to render the consulting
services as hereinafter set forth, and Consultant hereby agrees to render such
services, for a period of eighteen (18) months (the “Term”) beginning on August 1,
2005 (the “Effective Date”). Notwithstanding the foregoing, this Agreement
shall be deemed null and void ab initio in the event that (i) Consultant
exercises any right to revocation contemplated by Paragraph 6 of the other
Agreement between the Corporation and Consultant of even date herewith (the “Other
Agreement”), (ii) the Other Agreement is terminated by the Corporation in
accordance with Paragraph 12 of the Other Agreement, (iii) Consultant has
not executed, dated and delivered the Second Release in accordance with
Paragraph 5(a) of the Other Agreement, or (iv) there is no
satisfaction of the Precondition (as defined in the Other Agreement) on or
before August 30, 2005. The Term may be extended by mutual written
agreement of the parties.

 

2.                                       Consulting Services.  The Corporation hereby retains Consultant from and after the Effective Date to render consulting and advisory services to the Corporation during the Term in connection with the Business, from time to time, as, when and where the Corporation may reasonably request.  Consultant shall use commercially reasonable efforts to render such services from time to time as, when and where reasonably requested by the Corporation.  The services to be performed by Consultant from time to time under this Agreement during the Term include, but are not limited to, the following as, when and where reasonably requested by the Corporation:
 
(a)                                  consultation regarding strategic issues and brand-building initiatives;
 
(b)                                 speaking and promotional engagements, including without limitation those relating to the monthly release of the Monster Employment Index and/or relating to the Monster

 

 

Interviewing and Monster Networking publications; such speaking engagements may include appearances on CNBC, Bloomberg and other television and radio programs;
 
(c)                                  speaking at a variety of speaking engagements, including but not limited to those which are currently scheduled;
 
(d)                                 radio and television shows promoting the Corporation; and
 
(e)                                  participation in meetings with management, employees, clients, investors and others.
 
The Corporation agrees that the services required of Consultant hereunder during the Term shall not unreasonably interfere with Consultant’s primary obligations to his proposed new business venture.
 

3.                                       Consulting Fees.  In consideration for the services to be
rendered by Consultant during the Term, the Corporation will pay Consultant the
sum of $13,888.88 per month for eighteen (18) months, the first such payment to
be made upon the satisfaction of the Precondition, if any, and the remaining
payments to be made within 5 days of the beginning of each subsequent calendar
month within the Term thereafter. In the event that this Agreement shall be
deemed null and void ab initio pursuant to Section 1 above,
Consultant shall not be entitled to any consulting fees hereunder and shall
return any such fees that may have been paid to him hereunder.

 

4.                                       Relationship of Parties.  Consultant in the performance of the
consulting services shall be deemed an independent contractor and not an
employee of the Corporation; therefore, Consultant shall have no right or
authority to assume or create any obligations on behalf of the Corporation or
to make any representations on its behalf, except with the prior written
consent of the Corporation.  Without
limiting the generality of the foregoing, the Corporation shall not be required
to furnish to Consultant vacation pay, sick leave, retirement benefits, social
security, workers’ compensation, unemployment benefits or any other employee
benefits.

 

5.                                       Expenses. 
All ordinary and reasonable out-of-pocket expenses incurred by
Consultant in connection with the performance of his services hereunder,
including without limitation ordinary and reasonable out-of-pocket travel
expenses, shall be reimbursed to Consultant by the Corporation only to the
extent and in the event that (i) such expenses shall have been approved in
writing in advance in the particular case by the Corporation and (ii) Consultant
submits such evidence of and documentation relating to such expenses as the
Corporation may reasonably request.

 

6.                                       Termination.  The Corporation may terminate this Agreement
by written notice to Consultant in the event of:

 

(a)                                  the
willful failure or gross negligence of Consultant to perform or in performing
Consultant’s duties hereunder that continues for thirty (30) days after the
Corporation has given written notice to Consultant specifying in reasonable
detail the manner

 

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in which Consultant has failed to perform such duties;

 

(b)                                 the
determination by the Corporation that Consultant has committed an act or acts
constituting (i) dishonesty or disloyalty with respect to the Corporation,
which if capable of being cured, has not been cured to the reasonable
satisfaction of the Corporation within thirty (30) days of the date that
written notice of such dishonesty or disloyalty has been provided to Consultant
(which notice shall specify in reasonable detail the dishonesty or disloyalty
at issue) or (ii) fraud;

 

(c)                                  commission
by Consultant of (i) a felony, or (ii) any crime involving moral
turpitude;

 

(d)                                 a material breach by
Consultant of any of the Restrictive Covenants (as defined below); or

 

(e)                                  a material breach by
Consultant of any of the terms or conditions of this Agreement (other than the
Restrictive Covenants) that continues for thirty (30) days after the
Corporation has given written notice to Consultant specifying in reasonable
detail the manner in which Consultant has breached the Agreement.

 

In the event of a termination
pursuant to this Section 6, from and after the effective date of the
termination, the Corporation shall have no future consulting fee or expense payment
obligations (except payment of consulting fees which have accrued through the
effective date of termination and payment of expenses incurred prior to the
effective date of termination in accordance with Section 5 above), and the
Corporation shall continue to have all other rights available hereunder
(including but not limited to all rights under Sections 7, 8, 9 and 11 at law
or in equity). Any termination by the Corporation hereunder shall be effective
on the date of service of the written notice called for by this Section 6,
unless a later date is specified in the Corporation’s notice, in which case it
shall be effective on such later date.

 

7.                                       Restrictive Covenants.

 

(a)                                  During the term of this Agreement and
thereafter, Consultant shall keep secret and retain in strictest confidence,
and shall not, without the prior written consent of the Corporation, furnish,
make available or disclose to any third party or use for the benefit of
Consultant or any third party, any Confidential Information.  As used in this Section 8, “Confidential
Information” shall mean any information relating to the business or affairs of
the Corporation or its Affiliates, including but not limited to information
relating to financial statements, customer identities, potential customers,
employees, suppliers, servicing methods, equipment, programs, strategies and
information, analyses, profit margins or other proprietary information used by
the Corporation or its Affiliates in connection with their respective
businesses; provided, however, that Confidential Information shall not include
information which Consultant can show (i) satisfies
each of the following three conditions: (x) was already in Consultant’s
possession prior to disclosure by the Corporation, any of its Affiliates or any
other Releasee (as defined in the Other Agreement), (y) was not in Consultant’s
possession as a result of, and was not developed by Consultant as part of,
Consultant’s employment with or provision of services to, the Corporation,
Monster, Inc, Adion, Inc., Adion Information Services, Inc., HGI

 

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Acquisition Corp. or any other
Releasee (as defined in the Other Agreement), and (z) was not previously
assigned by Consultant to any Releasee or which Consultant previously agreed in
writing was the property of any Releasee, (ii) is or becomes generally
available to the public other than as a result of a breach by Consultant of any
of his legal, contractual, fiduciary or other obligations to the Corporation, any
of its Affiliates or any other Releasee, or (iii) becomes available to
Consultant outside the scope of his employment or provision of services to the
Corporation, any of its Affiliates or any other Releasee on a non-confidential
basis from a source other than the Corporation, any of its Affiliates or any
other Releasee, which source is not prohibited from disclosing the information
to Consultant by a legal, contractual, fiduciary or other obligation to the
Corporation, any of its Affiliates or any other Releasee. Furthermore, in the
event Consultant reasonably believes after consultation with counsel that
Consultant is required by law to disclose any confidential information of the
Corporation, any of its Affiliates or any other Releasee, Consultant will (i) provide
the Corporation prompt notice before such disclosure in order that the
Corporation or other Releasee may attempt to obtain a protective order or other
assurance that confidential treatment will be accorded such confidential
information, and (ii) cooperate with the Corporation and the other
Releasees, at the Corporation’s sole cost and expense, in attempting to obtain
such order or assurance. Consultant
acknowledges that the Confidential Information is vital, sensitive,
confidential and proprietary to the Corporation and/or its Affiliates.  As used in this Agreement, the term “Affiliate”
shall have the meaning ascribed to such term in Rule 405 of the Securities
Act of 1933, as amended, and shall include each past and present Affiliate of
such person or entity.

 

(b)                                 Without limiting the provisions of Section 7(a) above,
during the longer of (i) the Term or (ii) the periods of time
called for by the non-solicitation, confidentiality, non-competition, nonraid
and/or similar obligations of Consultant referred to in Section 8 of the
Other Agreement as modified by such Section 8 (collectively, the “Specified
Provisions”), Consultant shall comply with each and every Specified Provision.
For purposes of clarity, it is understood and agreed that in the event the
duration of the Term exceeds the duration of a particular Specified Provision,
the Specified Provision is by virtue of and for purposes of this Agreement
extended to be coextensive with the Term, but that this Agreement shall in no
way be deemed to shorten the duration of any Specified Provision or modify the
terms of the agreements in which the Specified Provisions are contained.

 

8.                                       Remedies. 
Consultant acknowledges and agrees that the covenants set forth or
described in Section 7 of this Agreement (collectively, the “Restrictive
Covenants”) are reasonable and necessary for the protection of the business
interests of the Corporation and its Affiliates, that irreparable injury will
result to the Corporation and its Affiliates if Consultant breaches any of the
terms of the Restrictive Covenants, and that in the event of Consultant’s
actual or threatened breach of any such Restrictive Covenants, the Corporation
and its Affiliates will have no adequate remedy at law.  Consultant accordingly agrees that in the
event of any actual or threatened breach by him of any of the Restrictive
Covenants, the Corporation and its Affiliates shall be entitled to immediate
temporary injunctive and other equitable relief, without bond and without the
necessity of showing actual monetary damages. 
Nothing contained herein shall be construed as prohibiting the
Corporation and its Affiliates from pursuing any other remedies available to
them for such breach or threatened breach, including the recovery of damages.
The provisions of Sections 7, 8, 9 and 11 shall survive the termination or
expiration of this Agreement.

 

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9.                                       Ownership
of Deliverables.  All tangible and
intangible material and work product provided or delivered by Consultant under
this Agreement (collectively, the “Deliverables”) will become the property of
Corporation.  It is the intention of the
parties that all right, title and interest (including without limitation
copyright, patent and trade secret rights) in and to the Deliverables or any
aspect thereof shall belong exclusively to Corporation. The parties agree that
the Deliverables, insofar as they constitute works of authorship or
contributions to works of authorship, shall be deemed works specially ordered and
commissioned by the Corporation and “works made for hire” under the United
States copyright laws (17 U.S.C. §§ 101 et seq.).  If for any reason the Deliverables, or any
part of them, cannot as a matter of law constitute “works made for hire” under
the United States copyright laws, Consultant hereby assigns and agree to assign
the entire copyright therein (and all rights comprising said copyright) to the
Corporation. Consultant assigns and agrees to assign all other intellectual
property rights, including without limitation patent and trade secret rights,
and all right, title and interest in and to the Deliverables, or any aspect
thereof, to Corporation. Consultant agrees to execute, upon request by
Corporation, any and all additional documents, including assignments, necessary
to effectuate the intent of this paragraph or to confirm or register
Corporation’s rights in the Deliverables. The Deliverables, or the content
thereof, shall not be used, sold, licensed or disclosed by Consultant under any
circumstances except as expressly permitted by the Corporation in connection
with Consultant’s performance of his duties hereunder.

 

10.                                 Tax Matters.  Consultant and the Corporation acknowledge
that it is the intention of the Corporation to deduct all amounts paid under
this Agreement as ordinary and necessary business expenses for income tax
purposes.  Consultant agrees and
represents that he will treat all such amounts in a manner consistent with the
foregoing.  Consultant acknowledges that
the Corporation may deduct from amounts payable to him under this Agreement any
tax withholdings and payments, if any, required by law to be so deducted.

 

11.                                 During the Term, the Corporation shall
provide Consultant with such computers, cell phones and a Blackberry, as well
as such access to email, Blackberry and data storage services of the
Corporation, in each case as the Corporation may from time to time in its
reasonable discretion deem necessary or useful for Consultant’s performance of
services herunder. Upon the earlier of the end of the Term or the Corporation’s
request therefore, Consultant shall promptly return to the Corporation any and
all such items that may have been supplied to Consultant.

 

12.                                 Notices. 
All notices, demands or other communications to be given or delivered
under or by reason of the provisions of this Agreement shall be in writing and
shall be deemed to have been properly served if (a) delivered personally, (b) delivered
by courier, or (c) delivered by certified or registered mail, return
receipt requested and first class postage prepaid, in each case to the parties
at their addresses set forth below or such other addresses as the recipient
party has specified by prior written notice to the sending party.  All such notices and communications shall be
deemed received upon the actual delivery thereof in accordance with the
foregoing.

 

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(a)                                  If to Consultant:

 

Jeffrey C. Taylor

c/o The Feinberg Law Group, LLC

57 River Street, Suite 204

Wellesley, MA 02481

 

with a copy to:

 

The Feinberg Law Group, LLC

57 River Street, Suite 204

Wellesley, MA 02481

Attention: 
David Feinberg

 

(b)                                 If to the Corporation:

 

Monster Worldwide, Inc.

622 Third Avenue, 39th Floor

New York, NY 
10017

Attention: 
Andrew J. McKelvey

Myron F. Olesnyckyj

 

13.                                 Assignability.  This Agreement shall inure to the benefit of
and be binding upon the parties, their successors and permitted assigns.
Consultant may not assign this Agreement or his rights or obligations hereunder
without the prior written consent of the Corporation.

 

14.                                 Entire Agreement.  This Agreement contains the entire agreement
between the parties as to the subject matter herein and supersedes all prior
agreements and understandings relating thereto. This Agreement may be modified only
by a written instrument signed by the parties.

 

15.                                 Governing Law; Disputes. This Agreement
shall be governed by and construed and enforced in accordance with the laws of
the State of New York without giving effect to the provisions thereof regarding
conflict of laws. Any disputes arising out of or in connection with this
Agreement shall be submitted to arbitration in accordance with the applicable
provisions of the Specified Option Agreements (as defined in the Other
Agreement).

 

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

 

17.                                 Descriptive Headings;
Interpretation.  The descriptive headings
in this Agreement are inserted for convenience of reference only and are not
intended to be part of or to affect the meaning or interpretation of this
Agreement.  The use of the word “including”
in this Agreement shall be by way of example rather than by limitation.  The Preliminary Recitals set forth above are
incorporated by reference into this Agreement.

 

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18.                                 No Strict Construction.  The language used in this Agreement will be
deemed to be the language chosen by the parties hereto to express their mutual
interest, and no rule of strict construction will be applied against any
party hereto.

 

 

	
   

  	
  MONSTER WORLDWIDE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Myron Olesnyckyj

  	
   

  
	
   

  	
  By:
  Myron Olesnyckyj

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CONSULTANT:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Jeffrey C. Taylor

  	
   

  
	
   

  	
  JEFFREY
  C. TAYLOR

  
				

 

7Exhibit
10.3

 

SUBSCRIPTION
AGREEMENT

 

THE PROMISSORY NOTE OFFERED HEREBY BY EONS, INC. (THE
“COMPANY”) AND THE SHARES OF CAPITAL STOCK ISSUABLE UPON CONVERSION THEREOF
(THE “SHARES”) HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) NOR ANY STATE SECURITIES
REGULATORY AGENCY, NOR HAS THE COMMISSION NOR ANY STATE SECURITIES REGULATORY
AGENCY PASSED UPON THE ACCURACY OR ADEQUACY OF ANY OFFERING MATERIALS.  ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.

 

THE PROMISSORY NOTE
OFFERED HEREBY AND THE SHARES HAVE NOT BEEN REGISTERED FOR OFFERING AND SALE
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”).  THE PROMISSORY NOTE AND THE SHARES MAY NOT BE
SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF BY AN INVESTOR EXCEPT IN COMPLIANCE
WITH THE FEDERAL AND RELEVANT STATE SECURITIES LAWS AND THE REQUIREMENTS AND
LIMITATIONS IN THE SUBSCRIPTION AGREEMENT, IF ANY, AS WELL AS A SATISFACTORY
OPINION OF COUNSEL REGARDING SAME.

 

AN INVESTMENT IN THE PROMISSORY
NOTE OFFERED HEREIN AND THE SHARES IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF
RISK OF LOSS.  THE PROMISSORY NOTE AND
THE SHARES ARE NOT FREELY TRANSFERABLE AND NO MARKET FOR THE PROMISSORY NOTE OR
THE SHARES EXISTS OR IS EXPECTED TO DEVELOP. 
THE PROMISSORY NOTE SHOULD BE PURCHASED ONLY BY PERSONS OF SUBSTANTIAL
MEANS WHO HAVE NO NEED FOR LIQUIDITY WITH RESPECT TO THIS INVESTMENT, WHO CAN
HOLD THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME, AND WHO CAN BEAR THE
ECONOMIC RISK OF A TOTAL LOSS OF THEIR INVESTMENT.

 

NO PERSON HAS BEEN
AUTHORIZED BY THE COMPANY TO GIVE ANY INFORMATION OR TO MAKE ANY
REPRESENTATIONS OF ANY KIND WHATSOEVER CONCERNING THE COMPANY OR THIS OFFERING
OTHER THAN THE REPRESENTATIONS CONTAINED OR REFERRED TO HEREIN, AND, IF GIVEN
OR MADE, SUCH OTHER REPRESENTATIONS OR INFORMATION MUST NOT BE RELIED UPON AS
HAVING BEEN AUTHORIZED BY THE COMPANY. 
THIS DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY STATE TO ANY
PERSON TO WHOM SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

 

PROSPECTIVE INVESTORS ARE
NOT TO CONSTRUE THE CONTENTS OF THIS AGREEMENT AS LEGAL ADVICE.  EACH INVESTOR SHOULD CONSULT HIS, HER OR ITS
OWN ATTORNEY OR BUSINESS ADVISOR AS TO THE LEGAL, TAX AND OTHER CONSIDERATIONS
RELATING TO AN INVESTMENT IN THE PROMISSORY NOTE AND THE SHARES.

 

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NOTICE TO NEW YORK
RESIDENTS

 

                THIS AGREEMENT HAS NOT BEEN REVIEWED BY THE ATTORNEY
GENERAL OF THE STATE OF NEW YORK PRIOR TO ITS ISSUANCE AND USE.  THE ATTORNEY GENERAL OF THE STATE OF NEW YORK
HAS NOT PASSED ON OR ENDORSED THE MERITS OF THIS OFFERING.  ANY REPRESENTATION TO THE CONTRARY IS
UNLAWFUL.  THIS AGREEMENT DOES NOT
CONTAIN AN UNTRUE STATEMENT OF A MATERIAL FACT OR OMIT TO STATE A MATERIAL FACT
NECESSARY TO MAKE THE STATEMENTS MADE, IN LIGHT OF THE CIRCUMSTANCES UNDER
WHICH THEY ARE MADE, NOT MISLEADING.  IT
CONTAINS A FAIR SUMMARY OF THE MATERIAL TERMS OF DOCUMENTS PURPORTED TO BE
SUMMARIZED HEREIN.

 

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SUBSCRIPTION
AGREEMENT

 

2005
Bridge Loan Financing 

 

This is a limited
offering by Eons, Inc., a Delaware corporation (the “Company”), of a
Convertible Promissory Note in the aggregate principal amount of $300,000, with
terms as set forth in Exhibit A (the “Promissory Note”).  

 

The Promissory Note is
being offered in connection with the Company’s July 2005 financing (the “Offering”)
in which the Company is proposing to issue certain of the Company’s securities
to various third party investors on the date hereof.

 

Subject to the terms and
conditions contained in this Subscription Agreement (the “Agreement”), the
undersigned (the “Subscriber”) hereby irrevocably subscribes (the “Subscription”)
to purchase the Promissory Note from the Company for a total subscription price
equal to Three Hundred Thousand dollars ($300,000) (the “Total Subscription
Price”).       

 

1.       GENERAL

 

1.1          Payment; Acceptance of
Subscriptions.  At
the Closing (as defined below), the Subscriber shall deposit with the Company,
payment of the Total Subscription Price via wire transfer, certified check or
bank check.  By signing below, the
Company agrees to issue the Promissory Note to the Subscriber at the Closing.  

 

1.2          Closing.  Subject to the satisfaction
of the conditions to Closing specified in Section 1.5 below, this Agreement
constitutes an irrevocable offer by the Subscriber to purchase the Promissory
Note offered hereby and the irrevocable commitment of the Company to issue and
sell such Promissory Note.  The purchase
and sale of the Promissory Note hereunder shall take place on the date hereof
at a closing (the “Closing”) promptly following satisfaction of the conditions
to Closing specified in Section 1.5 below.   

 

1.3          Authorization.  The Company has duly authorized the sale and
issuance, pursuant to the terms of this Offering, of the Promissory Note.  

 

1.4          Reliance by Company.  The Company may rely, and shall be protected
in acting upon, any papers or other documents that may be submitted to the
Company by or on behalf of the Subscriber in connection with the Promissory
Note and which are believed by it to be genuine and to have been signed or
presented by the proper party or parties, and the Company shall not have any
liability or responsibility with respect to the form, execution, or validity
thereof.

 

1.5          Conditions to Closing.  The Subscriber’s
obligation to purchase the Promissory Note at the Closing hereunder is subject
to the Company having delivered to the Subscriber (i) a fully executed copy of
this Agreement and the Right of First Refusal Agreement by and among the
Company, the Subscriber and each of the other investors in connection with the Offering
(the “Right of First Refusal Agreement”), (ii) the Promissory Note purchased
hereunder and

 

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registered in the
Subscriber’s name,  (iii) fully executed
copies of the investment documents by and between the Company and General
Catalyst Partners or its affiliated funds (“GCP”) providing for GCP’s purchase
of certain securities of the Company, each in a form reasonably acceptable to
the Subscriber, and  (iv) fully executed
copies of the investment documents by and between the Company and Jeffrey C.
Taylor (“Taylor”) providing for Taylor’s purchase of certain securities of the
Company, each in a form reasonably acceptable to the Subscriber. 

 

1.6          Further Undertakings.  Each party shall undertake to execute and
deliver to the other party within five (5) days after receipt of the request
thereof, such further designations, powers of attorney and other instruments as
are necessary or appropriate to carry out the provisions of this Agreement.

 

1.7          Exemption from Registration
Provisions.  The
Subscriber acknowledges that the Promissory Note is being sold to him, her or
it pursuant to exemptions from the registration provisions of the Securities
Act of 1933, as amended (the “Act”), and the securities laws of the state of
his, her or its legal residence, in reliance upon the representations made by
the Subscriber herein.

 

2.                                      REPRESENTATIONS,
WARRANTIES AND COVENANTS OF THE SUBSCRIBER.

 

The Subscriber
represents, warrants and covenants to the Company as follows:

 

2.1          Enforceability.  This Agreement constitutes a valid and
binding agreement of the Subscriber, enforceable against the Subscriber in
accordance with its terms, except to the extent that the enforceability thereof
may be subject to (i) bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance and other similar laws now or hereafter in effect
relating to creditors’ rights generally and (ii) general principles of equity
(regardless of whether enforceability is considered in a proceeding at law or
in equity).

 

2.2          Authorization.  The Subscriber has full power and authority
to execute and deliver this Agreement and to consummate the transactions
contemplated hereby.  This Agreement has
been duly executed and delivered by the Subscriber.  Except for approvals already obtained and in
full force and effect, consummation of the transactions contemplated hereby
will not require the approval of any third person.

 

2.3          No Violation.  The execution, delivery and performance by
the Subscriber of this Agreement and the consummation of the transactions
contemplated hereby will not result in any third person or entity having the
right to cause all or a portion of the Subscriber’s Total Subscription Price to
be rescinded, whether by the Subscriber or otherwise.

 

2.4          Representations in the Agreement.  All representations and warranties contained
in or made pursuant to this Agreement, or contained in any certificate,
agreement or other document delivered in connection herewith, by or on behalf
of the Subscriber, were, are and will be, true and correct on the date hereof.

 

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2.5          Tax Consequences.  The Subscriber confirms and warrants to the
Company that it is relying on its own advisors with respect to all income tax
consequences of its subscription hereby, and acknowledges that the Company has
not offered or provided any tax, legal, investment or other advice to it in
connection herewith except as expressly set forth in this Agreement.

 

2.6          Risk Factors.  The Subscriber represents and warrants that
he, she or it has been offered the opportunity to ask questions of
representatives of the Company regarding the business, affairs and prospects of
the Company and the terms of the Promissory Note, that the Subscriber fully
understands the speculative nature of this investment and that the Subscriber
may suffer a complete loss of the value of the Subscriber’s investment in the
Promissory Note.

 

2.7          Covenant to Execute Financing
Documents.  The
Subscriber hereby covenants and agrees that in connection with any conversion
of the Promissory Note, the Subscriber shall deliver to the Company all
documents required to be executed by any other purchasers of the equity
securities issued in a Qualified Financing (as defined in the Promissory Note),
including without limitation, any stock purchase, shareholders or investor
rights agreements, it being understood that the Subscriber shall have an
opportunity to review and comment on such documents prior to their execution,
and that the Company agrees to reasonably consider such comments.

 

3.                                      REPRESENTATIONS,
WARRANTIES AND COVENANTS OF THE COMPANY. 

 

The Company hereby
represents, warrants and covenants to the Subscriber as follows:

 

3.1          Corporate Organization.

 

(a)           The Company is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware with all requisite power and authority to own, operate and lease its
properties and to carry on its business as now being conducted, and, as of the Closing,
will be duly qualified to do business and in good standing in each jurisdiction
in which the property owned, leased or operated by it or the nature of the
business conducted by it makes such qualification necessary, except where the
failure to be so qualified would not have a material adverse effect on the
Company.

 

(b)           The Company’s Board of Directors has
adopted resolutions that remain in effect and have not been modified, revoked
or rescinded by any subsequent action of the Company authorizing (i) the
execution, delivery and performance by the Company of this Agreement and the Right
of First Refusal Agreement and the performance by the Company of each of the
obligations of the Company assumed hereby and thereby, and (ii) the issuance of
the Promissory Note in exchange for the Subscriber’s Total Subscription Price
hereunder. 

 

3.2          Authorization.  The Company has the full corporate power and
authority to execute and deliver this Agreement and the Right of First Refusal
Agreement and to consummate

 

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the transactions
contemplated hereby and thereby (including the issuance of the Promissory
Note), and no other proceedings on the part of the Company are necessary to
approve and authorize the execution and delivery of such documents and the
consummation of the transactions contemplated hereby and thereby (including the
issuance of the Promissory Note).  

 

3.3          Enforceability.  This Agreement , the Right of First Refusal
Agreement and the Promissory Note constitute the valid and binding agreements
of the Company, enforceable against the Company in accordance with their
respective terms, except to the extent that the enforceability thereof may be
subject to (i) bankruptcy, insolvency, reorganization, moratorium, fraudulent
conveyance and other similar laws now or hereafter in effect relating to
creditors’ rights generally and (ii) general principles of equity (regardless
of whether enforceability is considered in a proceeding at law or in equity).

 

3.4          Use of Proceeds.  The Company will use the proceeds of the
Subscriber’s purchase of the Promissory Note for working capital and general
corporate purposes.

 

3.5          Capitalization.  As of the date hereof (immediately
prior to the Closing), the authorized capital stock of the Company consists of
(i) 7,500,000 shares of Common
Stock, $.001 par value, of the Company (the “Common Stock”), of which 920,000
shares are issued and outstanding; and (ii) 2,500,000 shares of Preferred
Stock, $.001 par value, of the Company, none of which are issued and
outstanding.  Except as contemplated by
the Offering Documents (as defined below), there are no outstanding options,
warrants, rights (including conversion or preemptive rights and rights of first
refusal or similar rights) or agreements, orally or in writing, to purchase or
acquire from the Company any shares of capital stock of the Company, and there
are no rights of first refusal, co-sale, registration or other similar rights
or voting commitments or restrictions with respect to the capital stock of the
Company.  All of the issued and
outstanding capital stock of the Company is held by Jeffery C. Taylor.  The shares of capital stock or other
securities issued upon conversion or exchange of the Promissory Note, when
delivered to the Subscriber in accordance with the terms hereof and thereof,
shall be duly authorized by appropriate corporate action and shall constitute
validly issued and outstanding securities of the Company.

 

3.6          No Operations; No Liabilities.  The Company has had no operations and has not
entered into any contracts or other arrangements on or prior to date hereof,
other than this Agreement, the Right of First Refusal Agreement, the Promissory
Note and the other subscription agreements and other investment documents
executed and delivered in connection with the Closing, as described in Section
1.5 (the “Offering Documents”) and that certain Standard Form Commercial Lease
with Werner Bundschuh, Trustee of The Royalston Trust with regard to office
space at The Muster House, 31 Fifth Street, Charlestown, Massachusetts (the “Office
Lease”).  The Company does not have any
liabilities or obligations of any nature, whether accrued, absolute, contingent
or otherwise, asserted or unasserted, known or unknown (including, without
limitation, liabilities as guarantor or otherwise with respect to obligations
of others), other than liabilities under the Office Lease, liabilities to counsel
in connection with the formation of the Company, the filing of trademark
registration applications and the consummation of the Offering, and
miscellaneous additional expenses incurred by Jeffrey C.

 

6

 

Taylor not to exceed
$5,000.  The investment documents
delivered to the Subscriber described in Section 1.5 above, collectively with
this Agreement and the Promissory Note, constitute all of the documents
executed and delivered by the Company and the other investors in connection
with the Offering.

 

3.7          Representations in the Agreement.  All representations and warranties contained
in or made pursuant to this Agreement, or contained in any certificate,
agreement or other document delivered in connection herewith, by or on behalf
of the Company, were, are and will be, true and correct at the Closing.

 

3.8          No Other Warranties.  Except as expressly set forth in this Section
3, the Company makes no other representations and warranties, express or
implied, to the Subscriber in connection with this Agreement or the
transactions contemplated hereby.

 

4.             INVESTMENT REPRESENTATIONS;
VALUATION.

 

4.1          Investment Representations.  

 

(a)           The Subscriber and the Company
understand and acknowledge hereby that the Promissory Note or the shares of
capital stock issuable upon conversion or exchange of the Promissory Note have
not been registered under the Act nor under any state securities laws, and that
the Company is not obligated to register the Promissory Note or such shares of
capital stock issuable upon conversion or exercise thereof on behalf of any
Subscriber or to assist them in complying with any exemption from registration.

 

(b)           In connection with its decision to
acquire the Promissory Note, the Subscriber represents and warrants, for
itself, that it has had access to all information concerning the Company
requested by it, and that it has been afforded access to all such information
concerning the Company and the terms of the issuance of the Promissory Note
that it considers necessary or appropriate to make such decision, and has been
provided full opportunity to ask questions of, and receive answers from, each
of the other parties hereto concerning same.

 

(c)           The Subscriber represents and
warrants, for itself, that it is acquiring the Promissory Note for its own
account, for investment, and not with a view toward any distribution,
subdivision or fractionalization thereof. 
The Subscriber represents and warrants, for itself, that it has not
entered into any contract, undertaking, agreement or arrangement with any
person or entity to distribute, sell, transfer or pledge to such person, entity
or any other party the Promissory Note acquired by it hereby or any portion
thereof, including any interest or any share of the Company’s profits, losses,
or distributions thereunder, and the Subscriber represents, for itself, that it
has no present plans to enter into such contracts, undertakings, agreements or
arrangements, and that it will not sell or transfer, or purport to sell or transfer,
the Promissory Note or any portion thereof acquired hereby without registration
thereof under the Act and any applicable state securities laws, unless an
exemption from registration is available.

 

7

 

(d)           The Subscriber represents and
warrants that it is an “accredited investor” within the meaning of Regulation D
under the Act and meets the criteria set forth in Rule 501(a).

 

4.2          Valuation; Other Terms.  The Subscriber understands and acknowledges
hereby that the Company has not made and does not make hereby to the Subscriber
any representation or warranty concerning the value of the Promissory Note.  The Subscriber acknowledges and agrees that
the other investors purchasing securities in the Offering may purchase
securities with terms and benefits more favorable to such investors than those
granted to the Subscriber hereunder.

 

5.             PREEMPTIVE RIGHTS.

 

5.1          Subscriber
Preemptive Rights.  In connection with the Qualified Financing
(as defined in the Promissory Note), the Company hereby grants to the
Subscriber a preemptive right to purchase (at the same time and on the same
terms as GCP and any other investor purchasing the next largest portion of the
New Securities in connection with such Qualified Financing) up to the
Subscriber Applicable Percentage of the New Securities to be offered and issued
in such Qualified Financing (which the Subscriber Applicable Percentage shall
include the Subscriber Conversion Securities). 
The Company shall provide the Subscriber with a copy of a letter of
intent or term sheet relating to a Qualified Financing promptly following
execution of the same and afford the Subscriber at least fifteen (15) days
following delivery of such letter of intent or term sheet to notify the Company
in writing as to the extent to which the Subscriber intends to participate in
the Qualified Financing.  In the event
that the Subscriber does not provide the Company with written notice within
such 15-day period that it intends to exercise its right to participate in the
Qualified Financing to the full extent permitted by this Section 5.1, the
Company may permit Taylor or other third parties designated by Taylor to
purchase the New Securities that otherwise would have been issued and sold to
Subscriber pursuant to this Section 5.1 had the Subscriber exercised its rights
hereunder in full.

 

5.2          Certain Definitions.  For purposes of this Section 5, the following terms shall have the
following meanings: (a) “New Securities” means the shares of convertible
preferred stock issued in the Qualified Financing, as well as any other
securities issued in connection therewith or in respect thereof (other than any
shares of capital stock of the Company of the class and/or series issuable upon
conversion of such convertible preferred stock issued to GCP at the closing of
the Qualified Financing); (b) “Subscriber Applicable Percentage” means (i) 7.5%
in connection with any Qualified Financing with gross proceeds to the Company
(including proceeds attributable to any convertible promissory notes that are
converted into shares of capital stock of the Company in connection with such
financing) up to and including $10,000,000 or (ii) 9% in connection with any
Qualified Financing with gross proceeds to the Company (including proceeds
attributable to any convertible promissory that are converted into shares of
capital stock of the Company in connection with such financing) in excess of
$10,000,000; and (c) “Subscriber Conversion Securities” means any New
Securities issued to the Subscriber upon conversion of the Promissory Note in
accordance with the terms thereof.

 

8

 

6.             MISCELLANEOUS PROVISIONS

 

6.1          Governing Law.  This Agreement shall be governed by and
construed in accordance with the internal laws of the State of Delaware,
excluding its conflict of law principles. 

 

6.2          Entire Agreement; Modification.  This Agreement constitutes the entire
agreement between the parties and supersedes any prior understanding or
agreements concerning the subject matter hereof.  This Agreement may be amended, modified, or
terminated only by a written instrument signed by the parties hereto.

 

6.3          Waiver.  No waiver of any right
under this Agreement shall be deemed effective unless contained in a writing
signed by the party charged with such waiver, and no waiver of any right
arising from any breach or failure to perform shall be deemed to be a waiver of
any future such right or of any other right arising under this Agreement.

 

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

 

6.5          Unenforceability; Severability.  If any provision of this
Agreement is or becomes or is deemed invalid, illegal, or unenforceable in any
jurisdiction, to the maximum extent permissible, such provision shall be deemed
amended to conform to applicable laws so as to be valid and enforceable or, if
it cannot be so amended without materially altering the intention of the
parties, it shall be stricken and the remainder of this Agreement shall remain
in full force and effect.  The invalidity
or unenforceability of any provision hereof shall in no way affect the validity
or enforceability of any other provision.

 

6.6          Assignment.  Neither party may assign this Agreement or
its rights hereunder without the prior written consent of the Company and investors
investing a majority-in-interest of the proceeds investing in the Company in
connection with the Offering.

 

5.7          Multiple Subscribers.  If more than one Subscriber
is signing this Agreement, each representation, warranty, and undertaking
stated herein shall be the joint and several representation, warranty, and
undertaking of each such person.  The Subscriber
understands the meaning and legal consequences of the representations and
warranties contained in this Agreement.

 

5.8          Notices.  All notices, requests, demands, and
communications related to this Agreement will be deemed given if and when
delivered personally or sent by registered or certified mail, return receipt
requested, postage prepaid, to the addresses indicated on the signature page of
this Agreement.

 

5.9          Headings; Use of Speech.  Headings contained in this Agreement are
inserted only as a matter of convenience and in no way define, limit, extend,
or describe the scope of this Agreement or the intent of any provisions
hereof.  All pronouns contained herein
and any

 

9

 

variations thereof shall
be deemed to refer to the masculine, feminine or neuter, singular or plural, as
the identity of the parties may require.

 

5.10        Counterparts.  This Agreement may be executed simultaneously
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 binding all parties, notwithstanding that
all parties are not signatories to the same counterpart.

 

[Remainder of Page
Intentionally Left Blank]

 

10

 

Subscription
Agreement Signature Page

 

By executing and
delivering this signature page, the undersigned hereby becomes a Subscriber
hereunder, irrevocably agrees to purchase the subscribed for Promissory Note in
accordance with the terms hereof and agrees to be bound by the terms and
conditions of this Agreement.

 

	
   

  	
  MONSTER WORLDWIDE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
      /s/
  Myron Olesnyckyj

  	
   

  
	
   

  	
   

  
	
   

  	
  Name: Myron Olesnyckyj

  
	
   

  	
   

  
	
  Date: July 15, 2005

  	
  Title: Senior Vice
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
  Name to appear on
  Promissory Note:

  	
  Record Address:

  
	
   

  	
   

  
	
  Monster Worldwide, Inc.

  	
   

  	
  622 Third Avenue

  
	
   

  	
   

  	
  New York, New York
  10017

  

 

Subscription

 

Total Subscription Price:
$300,000

 

 

	
   

  	
  *****

  

 

 

Agreed
and Accepted with respect to the Subscription in the aggregate amount of $300,000:

 

	
   

  	
  EONS,
  INC.

  
	
   

  	
  57 River Street, Suite
  204

  
	
   

  	
  Wellesley,
  Massachusetts 02481

  
	
   

  	
  c/o The Feinberg Law
  Group, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
  Date: July 15, 2005

  	
  By:

  	
    /s/ Jeffrey
  C. Taylor

  	
   

  
	
   

  	
   

  
	
   

  	
  Name: Jeffrey C. Taylor

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  President
  and Chief Executive Officer

  	
   

  
						

 

11

 

Exhibit A

 

THIS NOTE AND
ANY SECURITIES ACQUIRED UPON CONVERSION OF THIS NOTE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED
UNDER THE SECURITIES OR “BLUE SKY” LAWS OF ANY JURISDICTION. SUCH SECURITIES
MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS THE REGISTRATION
PROVISIONS OF SAID ACT AND THE REGISTRATION, QUALIFICATION AND FILING
REQUIREMENTS OF ALL APPLICABLE JURISDICTIONS HAVE BEEN COMPLIED WITH OR UNLESS
EONS, INC. HAS RECEIVED AN OPINION OF ITS COUNSEL OR LEGAL COUNSEL REASONABLY
SATISFACTORY TO IT THAT SUCH REGISTRATION IS NOT REQUIRED OR THAT THE PROPOSED
TRANSACTION WILL BE EXEMPT FROM REGISTRATION, QUALIFICATION AND FILING IN ALL
SUCH JURISDICTIONS.

 

CONVERTIBLE
PROMISSORY NOTE 

 

July 2005 Financing

 

	
  $300,000

  	
   

  	
  July 15, 2005

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  No. 002

  

 

FOR VALUE RECEIVED, Eons,
Inc., a Delaware corporation, with its principal office address at 57 River
Street, Suite 204, Wellesley, Massachusetts 02481, c/o The Feinberg Law Group,
LLC (the “Maker”), promises to pay to the order of Monster Worldwide, Inc., a
Delaware corporation, with its principal place of business at 622 Third Avenue
New York, New York 10017 (the “Holder”), the principal sum of Three Hundred
Thousand Dollars ($300,000) together with simple interest (“Interest”) on the
unpaid principal balance of this Note from time to time outstanding at the rate
of 5% per annum, until paid in full. 
Interest on the outstanding principal amount of this Note shall be
calculated on the basis of the actual number of days elapsed over an assumed
365 day year.  Interest shall accrue
daily, and shall be due and payable upon the earlier to occur of (i) the Due
Date (defined below) or (ii) the occurrence of an Event of Default, as set
forth in Section 1 below.  

 

Subject to the conversion
rights set forth herein and Section 3 hereof, all outstanding principal under
this Note, together with accrued and unpaid Interest thereon, shall be paid on
December 31, 2006 (the “Due Date”).

 

This Note is being issued
in connection with the Maker’s July 2005 financing (the “Financing”) pursuant
to the terms of one or more Subscription Agreements, dated as of July 15, 2005,
by and among the Maker and the Holder and the other purchasers of securities of
the Maker in connection therewith, and may be converted into shares of capital
stock of the Maker in accordance with the terms and conditions set forth in
Section 1 below. 

 

 

1.             Conversion.

 

(a)           Conversion upon a Qualified
Financing.   Upon the initial closing
of the Maker’s first Qualified Financing (as defined below) consummated after
the date hereof, all of the outstanding principal and all accrued and unpaid
Interest under this Note shall automatically, and without further action on the
part of the Holder, be converted into a number of shares of convertible
preferred stock issued in the Qualified Financing (the “Financing Conversion
Securities”) determined by (A) dividing the entire amount of the outstanding
principal plus accrued but unpaid interest under this Note, by the price paid
by investors in such Qualified Financing for shares of the Financing Conversion
Securities and (B) rounding to the nearest whole share any resulting fraction
of a share.  A “Qualified Financing”
shall mean any convertible preferred stock financing led by a venture
capitalist or other institutional investor for the account of the Maker on an
arm’s length basis which results in the Maker receiving immediately available
gross proceeds in excess of $5,000,000 (excluding any proceeds attributable to
promissory notes that are converted into shares of capital stock of the Company
in connection with such financing (including this Note)) to be used for working
capital and other general corporate purposes.

 

(b)           Conversion Procedures.  To effect the conversion of this Note in
accordance with Section 1(a), promptly upon receipt of notice from the Maker
indicating that the outstanding principal and all accrued and unpaid Interest under
this Note has been converted pursuant to Section 1(a), the Holder shall
surrender this Note to the Maker.  In
connection with a conversion of this Note in accordance with Section 1(a), the
Holder shall also deliver to the Maker all other documents that the Maker
reasonably requests to be executed in connection with such conversion,
including without limitation, such documents required to be executed by any
other purchasers of Financing Conversion Securities in a Qualified Financing,
including without limitation, any stock purchase, shareholders or investor
rights agreements, it being understood that the Holder shall have an
opportunity to review and comment on such documents prior to their execution,
and that the Maker agrees to reasonably consider such comments.  This Note and all documents and instruments
that are being delivered to the Maker shall be sent to the Maker’s principal
business address set forth above or such other address as may be designated by
the Maker.  On the date of conversion of
this Note, the Maker, at its expense, will cause to be issued in the name of
the Holder of this Note, a certificate or certificates for the number of equity
securities to which the Holder is entitled. 
Such certificate or certificates shall be delivered to the Holder
promptly after the date of conversion of this Note to the Holder’s address set
forth above or such other address as may be designated by the Holder.

 

2.             Payment.

 

(a)           Payment of Principal and Interest.  Payment of principal and Interest shall be
made in lawful tender of the United States and shall be credited first to the
accrued Interest then due and payable, with the remainder applied to principal.

 

(b)           No Prepayment of the Note.  This Note may not be prepaid in whole or in
part without the consent of a majority-in-interest of the outstanding principal
balance of the convertible promissory notes issued in connection with the
Financing (the “Bridge Loan Notes”), and in such event, only in the same
proportion as all other Bridge Loan Notes are prepaid.

 

 

3.             Default. 
The entire unpaid principal balance of this Note and all accrued and
unpaid Interest thereon and all other fees, charges, costs and expenses
hereunder shall become immediately due and payable, without demand, prior to
the maturity of this Note, at the election of holders of a majority-in-interest
of the aggregate principal balance under the Bridge Loan Notes, upon the
occurrence of any one or more of the following events (each, an “Event of
Default”):

 

(i)            The failure of the Maker to pay any
amount when due under this Note or any of the other Bridge Loan Notes;

 

(ii)           The material breach by the Company of
(x) any other term or condition under this Note or any of the other Bridge Loan
Notes or (y) any term or condition under any Subscription Agreement by and
between the Company and any holder of a Bridge Loan Note or that certain
Investor Rights Agreement by and among the Company and the holders of the
Bridge Loan Notes, which breach is not remedied within thirty (30) days after the
Company receives written notice thereof;

 

(iii)          The filing of any complaint,
application or petition seeking relief or the entry of any order or judgment
for any such relief with respect to the Maker pursuant to the United States
Code entitled “Bankruptcy,” as amended from time to time, or pursuant to any
similar state or federal law or procedure for any reorganization, arrangement,
composition, readjustment, liquidation, dissolution or similar relief for
debtors; 

 

(iv)          The appointment of any trustee, receiver,
master, assignee, liquidator, custodian, or other similar party with respect to
the Maker or any of its property; the taking of possession, custody or control
of, the attachment by judicial process of, the issuance of an injunction with
respect to, or creation of any other lien (other than a residential mortgage)
upon, any part of the Maker’s property by any such party, all pursuant to court
action or otherwise; or

 

(v)           The death or disability of Jeffrey C.
Taylor or the failure of Jeffrey C. Taylor to be actively and substantially
engaged in the business and affairs of the Company from and after September 7,
2005.

 

4.             Miscellaneous Provisions.

 

(a)           The Holder agrees that no
shareholder, director or officer of the Maker shall have any personal liability
for the repayment of this Note.

 

(b)           If any provision of this Note shall
be determined to be invalid or unenforceable under law, such determination
shall not affect the validity or enforcement of the remaining provisions of
this Note.  Notwithstanding any provision
contained herein, the maximum amount of Interest and other charges in the
nature thereof contracted for, or payable hereunder, shall not exceed the
maximum amount that may be lawfully contracted for, charged and received in
this loan transaction, all as determined by the final judgment of a court of
competent jurisdiction, including all appeals therefrom.  

 

 

(c)           None of the terms or provisions of
this Note may be excluded, modified or amended except by a written instrument
duly executed on behalf of the Maker and holders of a majority-in-interest of
the aggregate outstanding principal balance under the Bridge Loan Notes.  Any exclusion, modification or amendment
effected in accordance with the preceding sentence shall be binding on the Holder;
provided that any amendment or modification that affects the rights and
obligations of the Holder differently than the rights and obligations of the
other holders of the Bridge Loan Notes in light of each of their existing
rights and obligations shall require the prior written consent of the Holder to
be binding on the Holder.

 

(d)           All rights and obligations hereunder
shall be governed by the laws of the Commonwealth of Massachusetts and this
Note shall have the effect of a sealed instrument.

 

 

[Remainder of Page
Intentionally Left Blank]

 

 

IN WITNESS WHEREOF, the
undersigned has executed this Note as an instrument under seal as of the date
first written above. 

 

	
   

  	
  EONS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

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