Document:

Blue Sphere Corp.: Exhibit 10.2 - Filed by newsfilecorp.com

BS AND MR PROJECT MANAGEMENT AND BUSINESS DEVELOPMENT
AGREEMENT 

               THIS
AGREEMENT (this “Agreement”) is dated 22 February 2010 and is entered
into by and between Blue Sphere Corporation, a corporation organised under the
laws of Nevada (together with its affiliates, “BS”), and Mark Radom, an
individual residing in Israel (“MR”). Reference is made to the MPV and
Blue Sphere Corporation Assignment and Conveyance Agreement dated of even date
herewith between BS and Carbon MPV Limited (the “AC Agreement”).
Capitalised terms used but not defined herein have the meanings assigned to such
terms in the AC Agreement. 

               Whereas,
Carbon MPV Limited has assigned and conveyed to BS its right, title and
interest in, to and under the Potential Projects pursuant to the AC Agreement;
and 

               Whereas,
BS desires to retain MR as an independent contractor to perform project
management services with respect to such Projects and to identify and source new
Projects and MR accepts and agrees to such retention; 

               Now,
therefore, in consideration of the mutual premises and covenants contained
herein, and subject to the terms and conditions hereof, and intending to be
legally bound, the parties hereto agree as follows: 

1.           Project
Management Services and Business Development 

	1.1 	
      On the terms and subject to the conditions of this
      Agreement, BS hereby enlists and retains MR as an independent contractor
      to perform (or procure the performance of) all work (or part of it, as
      requested by BS) necessary or desirable with respect to Projects that are
      assigned and conveyed to BS in such a manner as to ensure a smooth and
      successful implementation and to expedite and optimize registration and
      receipt of carbon credits and receipt of other revenues therefrom; among
      other things, such services will include selecting third-party services,
      goods and technology providers, overseeing the registration process,
      overseeing the project implementation and managing the relationship
      between and respective performance by of all participating parties and the
      generation of new business relating to carbon credit and ecological
      projects (the “Services”). MR will have the right to use its
      reasonable discretion in making decisions regarding the performance of the
      Services subject to a pre-agreed action plan and to prior consultation
      with BS, whose decision in its sole discretion in such matters will be
      final. MR will report to BS on a day to day ongoing basis on work
      performed and on any event that may affect its business. The reporting
      method will be defined by the parties at a later stage.

	 	 
	1.2 	
      Respecting the generation of new business relating to
      carbon credit and ecological projects, BS and MR will use their best
      efforts to develop guidelines and/or criteria, which MR will follow in
      incurring any expense toward developing new business.

	 	 
	1.3 	
      MR acknowledges and agrees that the generation of new
      business relating to carbon credit and ecological projects is performed
      for behalf of BS for compensation and consequently all new potential
      projects or project leads of any nature generated by MR shall be the sole
      exclusive property of BS and all information related thereto shall be
      considered to be the Confidential Information (as defined below) of
    BS.

	 	 
	1.4 	
      In exchange for the provision of such management and
      business development services, BS agrees to cover and pay for 100% of the
      reasonable costs and expenses to be incurred by MR in the course of
      providing such services according to a pre-agreed budget and procedure to
      be agreed by the parties in writing. While it is envisioned that such
      costs will primarily consist of travel, accommodation, telecommunication
      and office expenses, the parties acknowledge and agree that other costs of
      an unknown nature may arise in the course of managing the Projects. In
      addition to covering 100% of such costs and expenses incurred by MR acting
      pursuant to the agreed procedures of the parties as shall be established,
      subject to the following sentence, BS will pay MR US$7,000 per month (the
      “Advance Payment”) in accordance with instructions to be
      provided by MR and agreed upon by BS and continuing until the earlier of
      (i) this Agreement is terminated in accordance with its terms or (ii)
      until the date on which income from carbon credits is generated. It is
      agreed that, in the event that the U.S. dollar falls in value as of the
      date hereof against the Israeli shekel by 10% or more, the Advance Payment
      amount (i.e., U.S. $7,000 per month) shall be adjusted upward to
      compensate MR for the exchange rate change. Any amounts constituting the
      Advance Payment paid to MR pursuant to this Section 1.4 shall be deducted
      from the first (and if necessary subsequent) cash to be paid to MR
      pursuant to Section 1.2 of the AC Agreement. For the avoidance of doubt,
      it is agreed that BS will continue to pay 100% of the reasonable costs and
      expenses to be incurred pursuant to this Agreement pursuant to the
      pre-approved budget and as long as the expenses are made according to BS
  procedures for so long as this Agreement is in force.

1 

	1.5 	
      The Fee is inclusive of all applicable Taxes.
      “Taxes” are defined as - all taxes applicable to the transaction
      contemplated hereunder or resulting therefrom, including, without
      derogating from the generality of the above, income taxes, profit taxes,
      withholding taxes and any other compulsory payment applicable under any
      applicable law. In addition, BS shall have the right to deduct or withhold
      from any fee to be paid, any such taxes, charges or levies, in respect of
      which such deduction or withholding is required to be made according to
      any applicable law or jurisdiction.

	 	 
	1.6 	
      BS will include MR in a future grant of options to
      employees and will be considered a senior manager for the purpose of such
      grant.

	 	 
	1.7 	
      MR agrees that it will keep confidential and not disclose
      to (and require its representatives or any parties it works with in
      connection with any transaction to keep confidential and not disclose to)
      any other person any information that it receives that is designated as
      confidential as well as information derived therefrom (“Confidential
      Information”) unless authorised to do so by the BS or required to do
      so by law. MR acknowledges and agrees that the generation of new business
      relating to carbon credit and ecological projects is performed for behalf
      of BS for compensation and consequently all new potential projects or
      project leads of any nature generated by MR shall be the sole exclusive
      property of BS and all information related thereto shall be considered to
      be the Confidential Information (as defined below) of BS. MR further
      agrees to refrain from taking any action (and to cause its representatives
      or any parties it works with in connection with any transaction to refrain
      from taking any action) using the Confidential Information that will have
      the effect or the potential effect of circumventing or pre- empting, to
      any degree, the disclosing party’s full and unfettered use of and benefit
      from its Confidential Information. MR shall only put any of such
      Confidential Information to its own use after receiving proper, explicit
      and prior authorization from BS, in writing, to do so. It is hereby agreed
      that (i) the identity of any financier or investor providing finance for
      any transaction contemplated hereby is Confidential Information and (ii)
      MR shall not make any use whatsoever of the contacts brought by BS,
      including its clients, government officials, facilitators or any parties
      using these connections unless it has BS’s consent
  thereto.

2.           Covenants

	2.1 	
      Each party shall render assistance in handling
      applications for approvals, permits and licenses and similar formalities
      necessary for the establishment and operation of their legal and
      commercial relationship.

	 	 
	2.2 	
      Each party agrees to execute, on request, all other
      documents and instruments as the other Party shall reasonably request, and
      to take any actions, which are reasonably required or desirable to carry
      out obligations imposed under, and effect the purposes of, this
      Agreement.

	 	 
	2.3 	
      Each party agrees to use its reasonable commercial
      efforts to accomplish the purpose of this Agreement and to comply with all
      applicable laws and regulations.

	 	 
	2.4 	
      MR represents and warrants that he has no outstanding
      agreement or obligation that is in conflict with any of the provisions of this Agreement or the rendering of the
Services, or that would preclude him from complying with the provisions hereof
and that he will not enter into any agreement or undertake any obligation which
will create such a conflict of interests. Furthermore, MR hereby expressly
certifies and represents that in performing the Services to BS he is not in
breach of any obligation towards any third party. 

2 

3.           Entry
into Force and Term 

               Subject
to the following sentence, this Agreement shall enter into force from the date
hereof and will terminate on the earlier of (i) 25 years from the date on which
this Agreement enters into force or (ii) the Kyoto Protocol, as amended or
extended, terminates or (iii) 15 April 2010 unless MPV delivers by such time to
BS at least two signed Project agreements and two signed project memoranda of
understanding.

After 15 April 2010, BS may terminate this Agreement on 90
days’ written notice to MR for any reason or no reason at all. After 1 March
2011, MR may terminate this Agreement on 90 days’ written notice to BS for any
reason or no reason at all. Either party may terminate by written notice to the
other party if the other party materially breaches this Agreement and fails to
cure such breach within fourteen (14) calendar days of receiving written notice
thereof. Any and all rights to accrued benefits or obligations to be performed
after such time shall survive any termination hereof.

4.          
Miscellaneous 

                    No
provision of this Agreement may be amended, modified or waived only in writing
signed by MR or a duly authorized officer of BS. This Agreement constitutes the
entire agreement of the parties with respect to the subject matter hereof and
supersedes all previous agreements and understandings, written or oral, between
the parties or their affiliates or agents with respect to the subject matter
hereof. The headings in this Agreement are for convenience of reference only,
and shall not alter or affect the meaning of any provision. Each party
acknowledges that it has not relied upon any representation of the other party,
except for any representation made by such party under the express terms of this
Agreement, in entering into and undertaking the obligations imposed by this
Agreement. This Agreement shall be construed, interpreted and enforced in
accordance with the substantive laws of Israel. The parties agree that any
action brought to resolve any controversy arising under or relating to this
Agreement shall be subject to the non-exclusive jurisdiction of the courts of
Israel and any court which may hear appeals from those courts in relation to any
disputes arising out of or in connection with this Agreement. No Party shall be
liable under this Agreement, for consequential, indirect, special, or punitive
damages. 

5.           Transfer
to Affiliate 

               BS
acknowledges that MR may open a new company and that, once opened and
registered, BS agrees that MR may transfer and convey all of his rights,
obligations, title and interest in, to and under this Agreement to such company
without the need for any further action or consent on the part of BS (it being
understood that such company will formally acknowledge such transfer and
conveyance for its own internal purposes). 

6.          
Severability 

               Should
any part of this Agreement be rendered or declared invalid by a court or
arbitrator of competent jurisdiction, such invalidation of such part or portion
of this Agreement will not invalidate the remaining portions thereof and they
shall remain in full force and effect. It is further agreed that if part of this
Agreement is determined to be invalid, either party may open negotiations solely
with respect to a substitute for such part within two (2) weeks after such
determination has been made. 

3 

7           Independent
Contractor 

7.1      The relationship between
BS and MR, or any on its behalf, is that of independent contractor. Neither MR
nor any on its behalf shall be deemed to be the agents, partners or employees of
BS. Neither Party shall have the right, power or authority to bind the other
Party, enter into an agreement, grant a promise, provide warranties, guarantees
or commitments, transact any business in the other Party's name or in its behalf
or incur any liability for or on behalf of the other Party, and each Party shall
remain an independent contractor and responsible for its own actions. 

7.2      All employees,
representatives, subcontractors or any person engaged, by MR subject to the
terms hereof, will be deemed under the complete control of MR and
notwithstanding anything to the contrary, this Agreement will not be interpreted
as creating any contractual relationship, including employment relationship,
between any such employee, representative or subcontractor or any such other
person and BS. MR shall be solely responsible for the safety of its own
employees, representatives or subcontractors or any such other person, at all
times during the performance of the Services.

7.3      In the event that MR, or
any on its behalf, shall claim, and a competent court determines pursuant to
such claim, the existence of an employment relation between BS and MR or any on
its behalf, despite the Parties' explicit intention as reflected in this
Agreement, and consequently resolves that MR, or any on its behalf, is an
employee of BS and therefore is entitled to further payments or benefits, then
MR agrees to indemnify BS and hold BS harmless from any liability, damages or
costs (including reasonable attorney's fees) incurred by BS as a result of such
claim. 

7.4      MR hereby warrants and
represents that it is aware that BS has entered into this Agreement in reliance
on MR's status as an independent contractor, as set forth in Section 7.1
. 

7.5      MR shall not be entitled to
exclusivity in the provision of the Services and BS shall be entitled at its
sole discretion to request any other entity to provide the Services.

IN WITNESS WHEREOF, the parties have executed this Agreement as
of the date first written above. 

Mark Radom 

/s/ Mark Radom

____________________________ 

 

Blue Sphere Corporation 

 ____________________________

By: 
Title: 

4Blue Sphere Corp.: Exhibit 10.5 - Filed by newsfilecorp.com

ASSIGMENT OF BORISPOL LANDFILL CARBON PROJECT AGREEMENT

THIS ASSIGNMENT AGREEMENT (this
“Assignment”) is dated 18 March 2010 and is entered into by
and between Blue Sphere Corporation, a corporation organised under the laws of
Nevada (together with its affiliates, “BS”), and Mark
Radom, an individual residing in Israel “MR”).

               Whereas,
MR has been irrevocably assigned the rights, title and interest in, under
and to that certain Borispol Landfill Agreement dated 15 April 2009 between
Carbon Markets Corporation Limited and Eco-Service Limited Liability Company
(“the Project Agreement”) attached at Annex A hereto; 

               Whereas,
MR desires to irrevocably assign to BS the Project Agreement and BS accepts
and agrees to such assignment; and 

               Whereas,
  the Parties have entered into a general assignment agreement dated
  22 February 2010 (the "General Assignments Agreement")

               Now,
therefore, the parties hereto agree as follows: 

	1.1 	
      MR hereby irrevocably hereby assigns and conveys any and
      all of its right, title and interest in to the Project
Agreement.

	 	 
	1.2 	
      Except as otherwise provided herein, all terms and
      conditions of the Project Agreement shall remain effective.

	 	 
	1.3 	
      Notwithstanding anything to the contrary in the General
      Assignment Agreement, if there is a conflict between the terms of the
      General Assignment Agreement and the terms of this Assignment, the terms
      of this Assignment shall prevail. No provision of this Assignment may be
      amended, modified or waived only in writing signed by a duly authorized
      officer of BS and MR. This Assignment may be executed in any number of
      counterparts, each of which when executed and delivered is an original,
      but all the counterparts together constitute the same
  document.

               IN
WITNESS WHEREOF, the parties have executed this Assignment as of the date first
written above. 

Mark Radom 

/s/ Mark Radom                                       
  

Blue Sphere Corporation 

_____________________________
By: 
Title: 

 

 

Annex A

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