Document:

fs1a2ex10_elmaniel.htm

     

    
      
        	
                Barbara
      Tejeda

              	
                January
      1st,
      2008

              
	
                CEO

              	 
      
	
                El
      Maniel

              	 
      
	
                7424
      Brighton Village Dr.

              	 
      
	
                Raleigh,
      NC 27616

              	 
      

      

     

     

    Lic. José
Matías Maragoto González

    CEO

    ABAM
S.A.

    Calle
Marcos Ruiz #79

    Villa
Juana, Santo Domingo Dominican Republic

     

     

    Dear Lic.
José Matías,

     

                Per
our discussion, your signature below certifies the pricing terms on the
agreement letter signed on September 3rd
2007 are guaranteed through 2008 and governed by North Carolina State
Law.

     

    The
pricing terms of $1.60 per cigar are detailed in you November 7, 2007 email and
your invoice number 200777 which highlights our costs of $1.60 per
cigar.

     

     

     

    Yours
Truly

     

    /s/
Barbara Tejeda

    Barbara
Tejeda

    CEO

     

     

     

     

    
      ACCEPTED
AND AGREED:

     

     

    Lic. José
Matías Maragoto González

     

     

     

     

     

     

     

    /s/
Lic. José Matías Maragoto
González               
Date:
January 1st,
2008EX-10.1

Exhibit 10.1

Consulting Agreement

This Consulting Agreement (the “Agreement”) effective April 22, 2008, is made by and between
Smart Online, Inc., whose address is 2530 Meridian Parkway, Second Floor, Durham, North Carolina
27713 (the “Company”), AND George Cahill doing business as Cahill Financial Consulting, whose
address is 3001 Sandia Drive, Raleigh, North Carolina 27607, (“Consultant”).

	 	1.	 	Consultation Services. The Company hereby employs Consultant to serve as the Company’s
interim chief financial officer in accordance with the terms and conditions set forth in
this Agreement, and his duties and responsibilities shall include but not be limited to:
overseeing all Company accounting practices, including accounting departments, preparing
budgets, financial reports, tax and audit functions; directing financial strategy, planning
and forecasts; preparing financial and periodic reports for the Securities and Exchange
Commission (including signing, in the capacity of interim chief financial officer, any
public filings covering periods during term of consultancy); and consulting with the
officers and employees of the Company concerning matters relating to the financial
management and organization of the Company, its financial policies specifically relating to
the Company’s strategic financial plan, and generally any matter arising out of the business
affairs of the Company (the “Services”).

	 	2.	 	Consultant’s Representations and Warranties. Consultant represents and warrants to the
Company that: (a) Consultant has all necessary authority, corporate or otherwise, to enter
into and perform all of its obligations under this Agreement and has taken all necessary
action, corporate or otherwise, to authorize the execution, delivery and performance of this
Agreement, and that the execution, delivery and performance of this Agreement does not
violate any other agreement or understanding to which Consultant is a party or by which he
may be bound or to which any of his assets or properties may be subject and (b) Consultant
shall render and complete the Services in accordance with the highest professional
standards, applicable guidelines and all relevant federal, state and local laws, regulations
and policies.

	 	3.	 	Term of Agreement. This Agreement will begin at the effective date (as mentioned above)
and shall continue until the Services are completed. The Company or Consultant may
terminate this Agreement at any time by 30 calendar days’ written notice to the other party.
In addition, if Consultant is convicted of any crime or offense, fails or refuses to comply
with the written policies or reasonable directive of the Company, is guilty of serious
misconduct in connection with performance hereunder, or materially breaches provisions of
this Agreement, the Company at any time may terminate the engagement of Consultant
immediately and without prior written notice to Consultant. In addition, if Company or its
Officers are convicted of any crime or offense, fail or refuses to comply with legal or
prudent business practices, or materially breach provisions of this Agreement, the
Consultant at any time may terminate the consultancy on 5 calendar days’ written notice.

	 	4.	 	Time Devoted by Consultant. Consultant will be required to devote as much time as
necessary and use reasonable efforts during the term of this Agreement to meet all
objectives of the Services outlined above. The particular amount of time may vary from day
to day or week to week; but, the Company has suggested a 2 to 3 day commitment per week by
Consultant is contemplated at this time.

	 	5.	 	Location of Services. Consultant will be required to perform Services at the Company’s
offices, except in such instances when doing so is determined by the Company not to be
necessary to meet particular requirements.

	 	6.	 	Payment to Consultant. For the first 12 calendar weeks of this agreement, Consultant
will be paid at the rate of $140.00 per hour for work performed in accordance with this
Agreement. At the end of this initial 12 week period, by written agreement of Company and
Consultant, the payment may be made either with all cash of $125 per hour or, at the
Company’s option, an agreed upon split between cash and shares of the Company’s common stock
based upon the average closing price of the shares during the five trading days prior to the
date of a monthly invoice. In addition, the Company shall reimburse Consultant for any
reasonable pre-approved out of pocket expenses incurred by Consultant pursuant to the terms
of this Agreement. For the first 12 calendar weeks of this agreement, Consultant will
submit an itemized invoice for each 2 week period setting forth the time spent and Services
rendered, and the Company will pay Consultant the amounts due within five business days of
receipt. After the initial 12 week period, monthly accounting for services will occur.

	 	7.	 	Independent Contractor. Both the Company and Consultant agree that Consultant will act
as an independent contractor in the performance of its duties under this contract.
Accordingly, Consultant acknowledges and agrees that Consultant is obligated to report as
income all compensation received by Consultant pursuant to this Agreement, and Consultant
agrees to and acknowledges the obligation to pay all income, employment and other taxes
thereon. The Company shall not be required to withhold from the consulting fee any state or
federal income taxes or to make payments for Social Security tax, unemployment insurance, or
any other payroll taxes. Consultant shall indemnify and hold the Company (which term shall
include its affiliates and its and their officers, directors, employees, agents and business
advisors) free and harmless, to the full extent permitted by law or in equity, for and from
any and all income, employment and other taxes arising from this Agreement. The Company
shall not be responsible for, and shall not obtain, worker’s compensation, disability
benefits insurance, or unemployment security insurance coverage for Consultant.

	 	8.	 	Liability. With regard to the services to be performed by Consultant under this
Agreement, Consultant shall not be liable to the Company, or to anyone who may claim any
right due to the relationship with the Company, for any acts or omissions in the performance
of Services on the part of Consultant, except when the acts or omissions of Consultant are
due to willful misconduct, fraud or negligence.

	 	9.	 	Confidential Information. Consultant recognizes and acknowledges that by reason of the
Services, it will have access to information of or relating to the Company, including,
without limitation, information and knowledge pertaining to products and services offered,
inventions, innovations, designs, ideas, plans, trade secrets, software, proprietary
information, manufacturing, advertising, distribution and sales methods and systems,
financial information, sales and profit figures, customers and client lists, relationships
between the Company and dealers, distributors, wholesalers, customers, clients, suppliers
and others who have business dealings with the Company and other information (collectively,
“Confidential Information”). Consultant acknowledges that the Confidential Information is a
valuable and unique asset of the Company. Accordingly, Consultant covenants that, unless
such information is in the public domain through no fault of Consultant or except as may be
required by law, and except as directed in writing in advance by the Company, Consultant
will not at any time during or after the term or termination of this Agreement (i) use
Confidential Information for its own benefit, or for the benefit of any party other than the
Company, (ii) disclose Confidential Information to any person or entity whatsoever other
than representatives or affiliates of Consultant who are aware of the confidentiality
obligation, or (iii) permit any person or entity whatsoever to examine and/or make copies
of, any Confidential Information or any material evidencing or reflecting Confidential
Information, whether in written, digital or other media. Upon request by the Company,
Consultant will immediately deliver to the Company all Confidential Information, in whatever
media whatsoever (including all copies), in its possession or under its control. All such
Confidential Information written or verbal, tangible or intangible, made available,
disclosed, or otherwise made known to Consultant as a result of Services under this
Agreement shall be considered the sole property of Company. The Confidential Information
shall be used by Consultant only for purposes of performing the obligations hereunder.
These obligations of confidentiality and nondisclosure shall remain in effect for a period
of ten (10) years after the completion or termination of the Services.

	 	10.	 	Inventions, patents, rights, title, documents, files etc. Upon the termination of this
Agreement or upon an earlier request by the Company, Consultant will return all Company
property to the Company unless Consultant has written permission to keep it. Consultant
agrees that all materials, notes, records, drawings, designs, inventions, improvements,
developments, discoveries and trade secrets (collectively, “Inventions”) conceived, made or
discovered by Consultant, solely or in collaboration with others, during the period of this
Agreement which relate in any manner to the business of the Company that Consultant may be
directed to undertake, investigate or experiment with, or which Consultant may become
associated with in work, investigation or experimentation in the line of business of Company
in performing the Services hereunder, are the sole property of the Company. Consultant
further agrees that the product of all work which is performed under this Agreement shall be
the sole property of the Company, and the Company shall have the right to use, patent, sell,
license, publish, or otherwise disseminate or transfer rights in such work product.
Consultant agrees to assign its rights in all such Inventions and/or work product to the
Company.

	 	11.	 	Non-solicitation. During the term of this Agreement and for two (2) years thereafter,
Consultant will not directly or indirectly solicit or hire any employee or consultant of the
Company or directly or indirectly solicit any of the Company’s customers.

	 	12.	 	Miscellaneous. Consultant shall not assign rights or delegate responsibilities under
this Agreement without the Company’s prior written approval. This Agreement is made under
and shall be construed according to the laws of North Carolina. This Agreement contains the
entire understanding of the parties and may not be amended without the specific written
consent of both parties.

	 	13.	 	Survival. Notwithstanding any provision in this Agreement to the contrary, the
provisions of Section 9 (Confidential Information), Section 10 (Inventions, patents,
rights, title, documents, files etc) and Section 11 (Non-solicitation) hereof shall survive
any termination of this Agreement and Consultant’s engagement hereunder.

The above parties have duly executed this Agreement as of the day and year above written.

	 	 	 
	David Colburn	 	George Cahill
	President and CEO	 	Consultant
	Smart Online, Inc.	 	Cahill Financial Consulting
	By: /s/ David Colburn

	 	By: /s/ George Cahill
	 

	 	 
	Date: 4/21/08

	 	Date: 4/21/08

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