Document:

EXHIBIT 10.4

                          Contractor Services Agreement
                                 by and between
                       30DC, Inc. and 23V Industries Ltd.
                               dated July 1, 2009
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CONTRACT FOR SERVICES - AGREEMENT

30DC, INC.

and

23V Industries Ltd

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                                TABLE OF CONTENTS

1.       DEFINITIONS AND INTERPRETATION........................................1

         1.1      DEFINITIONS..................................................1
         1.2      INTERPRETATION...............................................2

2.       ENGAGEMENT............................................................3

         2.1      ENGAGEMENT...................................................3

3.       COMMENCEMENT..........................................................4

4.       REMUNERATION AND REVIEW...............................................4

         4.1      REMUNERATION.................................................4
         4.2      TAX..........................................................4
         4.3      PERFORMANCE BONUS............................................4
         4.4      REVIEW.......................................................4

5.       EXPENSES..............................................................5

         5.1      EXPENSES.....................................................5

6.       CONSULTING SERVICES...................................................5

7.       POLICIES AND PROCEDURES...............................................5

8.       INTELLECTUAL PROPERTY.................................................6

9.       CONFIDENTIALITY.......................................................6

10.      CONFLICT OF INTEREST..................................................7

11.      TERMINATION...........................................................7

         11.1     RESTRICTION ON TERMINATION...................................7
         11.2     BY THE COMPANY WITHOUT NOTICE................................7
         11.3     BY THE COMPANY WITH NOTICE...................................8
         11.4     BY THE CONTRACTOR WITH NOTICE................................8
         11.5     CONSEQUENCES OF TERMINATION..................................8
         11.6     BOARD REACTION TO TERMINATION................................8
         11.7     RETURN OF COMPANY PROPERTY...................................9

12.      REENGAGEMENT..........................................................9

         12.1     REENGAGEMENT.................................................9
         12.2     FURTHER AGREEMENT............................................9

13.      GRIEVANCE AND DISPUTE RESOLUTION PROCEDURE............................9

         13.1     DISPUTE......................................................9
         13.2     NOTICE OF DISPUTE............................................9
         13.3     DISPUTE RESOLUTION...........................................9

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14.      NOTICES..............................................................10

15.      GENERAL PROVISIONS...................................................11

         15.1     GOVERNING LAW...............................................11
         15.2     ENTIRE AGREEMENT............................................11
         15.3     NO RELIANCE.................................................11
         15.4     NO WAIVER...................................................11
         15.5     SEVERABILITY................................................11
         15.6     BINDING NATURE..............................................11
         15.7     NO VARIATION................................................11
         15.8     NO ASSIGNMENT...............................................11
         15.9     COUNTERPARTS................................................12
         15.10    EXTENT THAT THE LAW PERMITS.................................12
         15.11    SPECIFIC PERFORMANCE........................................12
         15.12    CUMULATIVE RIGHTS...........................................12

SCHEDULE 13

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CONTRACT FOR SERVICES AGREEMENT
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CONTRACT FOR SERVICES AGREEMENT

DATE
--------------------------

PARTIES
--------------------------
                                    30DC,  INC.  of 69  Ardmillan  Road,  Moonee
                                    Ponds, Victoria, Australia

                                                                       (COMPANY)

                                    23V   INDUSTRIES   LTD  of  7  Norman  Road,
                                    Runcorn, Cheshire, United Kingdom, WA7 5PE

                                                                    (CONTRACTOR)

BACKGROUND
--------------------------

                                    This Agreement memorializes the pre existing
                                    contractual  relationship  and formally sets
                                    the terms and conditions between the parties
                                    from    July   1,   2009   and   all   prior
                                    understandings  and  agreements  -  oral  or
                                    written  are  merged  herein.   The  parties
                                    acknowledge  that the effective date of this
                                    Agreement,  regardless  of the date  hereon,
                                    relates   back  to  the   inception  of  the
                                    contractual    relationship    between   the
                                    parties.

A.                                  The Company offers the Contractor engagement
                                    on the terms and  conditions set out in this
                                    Agreement.

B.                                  The Contractor wishes to accept the offer of
                                    engagement  on the  terms  set  out in  this
                                    Agreement.

                                    --------------------------------------------

AGREEMENT

1.       DEFINITIONS AND INTERPRETATION
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1.1      DEFINITIONS

         In this Agreement, unless the context otherwise requires:

         30 DAY CHALLENGE  BUSINESS  means the internet  marketing  business and
         educational program owned and operated by the Company;

         30DC GROUP means the  businesses  and  companies  operating  within the
         Company and includes the 30 Day Challenge Business,  the Immediate Edge
         Business and the Facebook Applications Business;

         AGREEMENT means this agreement, the Schedules and Annexures attached to
         this  agreement  and any  document or  documents  supplemental  to this
         agreement;

                                      -1-
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CONTRACT FOR SERVICES AGREEMENT
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         BOARD means the board of  directors  of the  Company,  and includes any
         committee of the Board duly appointed by it;

         BUSINESS  DAY  means a day  which is not a  Saturday,  Sunday or public
         holiday in Delaware, United States of America;

         CHAIRMAN  means the person  appointed  as  Chairman of the Board of the
         Company from time to time;

         COMMENCEMENT  DATE means the commencement date set out in Item 1 of the
         Schedule or such other date as agreed by the parties;

         CONFIDENTIAL INFORMATION has the meaning given in clause 9(a);

         ENGAGEMENT means the engagement of the Contractor under this Agreement;

         ENGAGEMENT  COST means the amount set out in Item 4 of the Schedule and
         is made up of a  remuneration  package  including cash payments and non
         cash  payments and benefits  (for the  avoidance of doubt this does not
         include  performance-based  bonuses referred to in clause 4.2) provided
         to  the  Contractor  in  accordance  with  clause  4 and  includes  any
         applicable  taxation  payable  on the  components  of the  remuneration
         package (whether income tax or otherwise);

         FACEBOOK  APPLICATIONS  BUSINESS  means the business of developing  and
         operating the Facebook  applications:  "Peel a Meal",  "Brimmies  Super
         Cups", "Blinko" and "Pop the Top", owned and operated by the Company;

         IMMEDIATE  EDGE  BUSINESS  means  the  online  education  and  training
         business in internet  marketing and small  business start up, owned and
         operated by the Company;

         INTELLECTUAL PROPERTY means:

         (a)      copyright;

         (b)      all rights  conferred  under statute,  common law or equity in
                  relation to inventions (including patents);

         (c)      registered and unregistered trademarks;

         (d)      registered and unregistered designs;

         (e)      circuit layouts; and

         (f)      all other agreed rights resulting from  intellectual  activity
                  in the industrial and mining fields;

         MONTH means calendar month; and

         TERM means the term set out in Item 2 of the Schedule.

1.2      INTERPRETATION

         In this Agreement, unless the context otherwise requires:

         (a)      the singular includes the plural and vice versa;

         (b)      a reference to gender includes both genders;

         (c)      the word "person" means a natural person and any  association,
                  body or entity whether incorporated or not;

                                      -2-
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CONTRACT FOR SERVICES AGREEMENT
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         (d)      headings in this Agreement are for convenience only and do not
                  affect its interpretation or construction;

         (e)      a reference  to writing  includes  any  communication  sent by
                  post, fax or e-mail transmission;

         (f)      where any word or phrase is defined,  any other part of speech
                  or other grammatical form of that word or phrase has a cognate
                  meaning;

         (g)      a  reference  to  any  statute,   proclamation,   rule,  code,
                  regulation or ordinance includes any amendment, consolidation,
                  modification,  re-enactment  or reprint of it or any  statute,
                  proclamation,  rule, code,  regulation or ordinance  replacing
                  it;

         (h)      a reference  to US DOLLARS or USD or US$ is a reference to the
                  lawful tender of the United States of America;

         (i)      a reference to time refers to time in Delaware,  United States
                  of America;

         (j)      mentioning anything after "include", "includes" or "including"
                  does not limit what else might be included;

         (k)      no rule of construction applies to the disadvantage of a party
                  because  this  Agreement is prepared by (or on behalf of) that
                  party;

         (l)      a reference  to any thing is a reference to the whole and each
                  part of it;

         (m)      a  reference  to a group of persons is a  reference  to all of
                  them collectively and to each of them individually;

         (n)      expressions  defined  in  Chapter  1 of  the  Law  have  (with
                  necessary modifications) corresponding meanings;

         (o)      any  direction,   approval,   discretion  or  decision  given,
                  exercised  or made by the Board under this  Agreement  will be
                  deemed to be a  direction,  approval,  discretion  or decision
                  given,  exercised  or  made  by  the  Company  pursuant  to an
                  irrevocable authority given to the Board by the Company to act
                  for and on its behalf; and

         (p)      any  direction,   approval,   discretion  or  decision  given,
                  exercised or made by the Chairman under this Agreement will be
                  deemed to be a  direction,  approval,  discretion  or decision
                  given,  exercised  or  made  by  the  Company  pursuant  to an
                  irrevocable  authority  given to the  Chairman by the Board to
                  act for and on behalf of the Company.

2.       ENGAGEMENT
--------------------------------------------------------------------------------

2.1      ENGAGEMENT

         The Contractor will:

         (a)      be engaged by the Company,  and will continue to be so engaged
                  for the Term unless the  Engagement  is  terminated  by either
                  party in accordance with the terms of this Agreement;

         (b)      provide the services set out in Item 3 of the Schedule to this
                  Agreement; and

         (c)      report to the Board or to such other  persons as the Board may
                  nominate from time to time.

                                      -3-
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CONTRACT FOR SERVICES AGREEMENT
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3.       COMMENCEMENT
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         The Contractor will commence the Engagement on the Commencement Date.

4.       REMUNERATION AND REVIEW
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4.1      REMUNERATION

         (a)      The Company will pay the Engagement  Cost to the Contractor as
                  remuneration for services under this Agreement.

         (b)      The Engagement  Cost shall be adjusted in accordance with this
                  Agreement.

         (c)      Subject to clause 4.1(d),  the Contractor  will be entitled to
                  receive the Engagement Cost wholly by way of cash or partly by
                  way of cash and  partly by way of such other  benefits  as the
                  Company may lawfully provide, as the Contractor may elect from
                  time to time consistent with the policy of the Company on such
                  matters, provided that the cost to the Company does not exceed
                  the Engagement Cost.

         (d)      The  Engagement  Cost will be paid to the  Contractor by equal
                  monthly  instalments  on the  15th  day of  each  Month  or as
                  otherwise agreed.

         (e)      The Engagement  Cost is compensation to the Contractor for all
                  services  agreed to be provided  under this  Agreement and the
                  Contractor is not entitled to additional payment unless agreed
                  otherwise or as varied under clauses 4.3 and 4.4.

4.2      TAX

         Contractor is an independent  business and shall be solely  responsible
         for making all its own tax  returns and  deductions  with regard to tax
         and national insurance.  The Contractor agrees to indemnify the Company
         in  respect  of any and all  claims  that  may be made by the  relevant
         authorities  against  the  Company  in  respect  of  tax  and  national
         insurance.

4.3      PERFORMANCE BONUS

         In addition to the Engagement  Cost, the Board and the Contractor  will
         agree upon  milestones for bonus  achievement.  The actual bonus amount
         and the  method  of  payment  will be  determined  by the  Board in its
         absolute  discretion,  details  of  which  are set out in Item 5 of the
         Schedule.

4.4      REVIEW

         (a)      The Contractor's remuneration will be subject to annual review
                  by the Board having regard to such matters as the quantity and
                  quality  of   services   provided  by  the   Contractor,   the
                  performance of the Company, the performance of the 30DC Group,
                  the  remuneration   available   outside  the  30DC  Group  for
                  contractors with responsibilities and experience equivalent to
                  those of the  Contractor  and the benefits  which have accrued
                  and will accrue to the Company as a result of the provision of
                  the Services.  The Engagement  Cost cannot be reduced  (except
                  with the  consent in writing of the  Contractor).  The Company
                  has the absolute discretion whether to increase the Engagement
                  Cost on review.

         (b)      The Contractor  may, at any time in writing,  request that the
                  Engagement Cost be varied.

                                      -4-
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CONTRACT FOR SERVICES AGREEMENT
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5.       EXPENSES
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5.1      EXPENSES

         The  Company  will   reimburse  the   Contractor   for  all  reasonable
         travelling,   hotel,  entertainment,   telephone,  internet  and  other
         expenses  properly incurred by the Contractor in the performance of the
         Agreement  provided  that the  Contractor  must produce to the Chairman
         such records and receipts  verifying those expenses as the Chairman may
         reasonably  request in  accordance  with the  Company's  policy in this
         regard from time to time.

6.       CONSULTING SERVICES
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         (a)      During the course of the Engagement, the Contractor:

                  (i)      will provide  services  appropriate to this Agreement
                           and in so  doing  must  use its  best  endeavours  to
                           further the  prosperity and enhance the reputation of
                           the Company and the 30DC Group; and

                  (ii)     must not,  without the prior  written  consent of the
                           Board,   directly   or   indirectly   be  engaged  or
                           interested in any other business  activity  competing
                           with that of the 30DC  Group  (for the  avoidance  of
                           doubt  this will not  preclude  the  Contractor  from
                           engaging  subcontractors in the provision of services
                           under this  Agreement) but this will not preclude the
                           Contractor from holding or acquiring not more than 5%
                           of  the  shares  or  securities  of  any  corporation
                           officially listed on any recognised stock exchange or
                           holding  or  acquiring  any real  property  by way of
                           passive   personal   investment   which   holding  or
                           acquisition  is not  inconsistent  with the intent of
                           the foregoing provisions of this clause.

         (b)      In addition to the above provisions the Contractor must:

                  (i)      provide  advice and  services  to the Company and the
                           30DC Group faithfully, efficiently and diligently and
                           exercise all due care and skill in the performance of
                           the Contractor's services under this Agreement;

                  (ii)     refrain  from  acting or  giving  the  appearance  of
                           acting  contrary to the  interests of the Company and
                           the 30DC Group;

                  (iii)    not solicit or attempt to persuade any clients of the
                           Company and the 30DC Group to use the services of any
                           other business; and

                  (iv)     keep  confidential all raw data and trade secrets the
                           Contractor  acquires  during the Engagement  with the
                           Company  and the 30DC  Group,  including  techniques,
                           product  information,  client  lists  and  any  other
                           information  which is confidential to the Company and
                           the 30DC Group.

         (c)      Where appropriate, the Contractor may be required to undertake
                  training as arranged  by, and paid for by, the Company and the
                  30DC Group to better  understand  the  business of the Company
                  and the 30DC Group.

         (d)      Each of the Company and the  Contractor  will act towards each
                  other  with  respect  to  this   Agreement   and  all  matters
                  incidental to it in good faith.

7.       Policies and procedures
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         (a)      The  Contractor  acknowledges  that the  Company,  in order to
                  comply with its legal obligations and best practice, will from
                  time to time introduce  policies and  procedures  with respect

                                      -5-
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CONTRACT FOR SERVICES AGREEMENT
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                  to, for example,  workplace surveillance  (including email and
                  internet   usage),   anti-discrimination,   equal   engagement
                  opportunity and occupational health and safety.

         (b)      The  Contractor  agrees to become  familiar with such policies
                  and  procedures  and,  insofar  as  the  carrying  out  of the
                  services by the  Contractor  will affect the  carrying  out of
                  those   policies  and   procedures  by  the  Company  and  its
                  employees, will not do anything which would result in a breach
                  of such policies and procedures.

         (c)      Subject to (b) these  polices and  procedures do not form part
                  of this Agreement and are not incorporated  into the terms and
                  conditions of the Engagement with the Company.

         (d)      A policy or  procedure  introduced  by the Company may contain
                  provisions  to redress  breach of that policy.  Steps taken by
                  the Company to redress  breach of a policy or procedure by the
                  Contractor   may  include   warning  or  termination  of  this
                  Agreement under clause 11.2.

8.       Intellectual Property
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         (a)      All rights of any nature in relation to Intellectual  Property
                  developed or created by the  Contractor for the purpose of the
                  Engagement  or using the  Company's  resources,  whether  such
                  Intellectual  Property was created  during  business  hours or
                  not,  will  vest  in  the  Company  upon  creation,   and  the
                  Contractor  will have no claim to or interest of any nature in
                  such Intellectual Property, unless otherwise agreed in writing
                  by the Contractor and the Company.

         (b)      Notwithstanding  clause 8(a), and to the extent possible,  the
                  Contractor  shall assign to the Company all present and future
                  rights in relation to any Intellectual  Property  developed or
                  created in the manner described in clause 8(a).

         (c)      The assignment in clause 8(b) is:

                  (i)      without restriction as to use or territory;

                  (ii)     in perpetuity; and

                  (iii)    effective   without  any   further   payment  to  the
                           Contractor,  whether by way of royalty or  otherwise,
                           in consideration for the assignment.

         (d)      The Contractor must do all things  necessary to give effect to
                  this assignment.

         (e)      It is  acknowledged  by the Company  that the  Contractor  has
                  developed  or  created  intellectual  property  prior  to this
                  Agreement and may in the future develop or create intellectual
                  property  neither for the purpose of the  Engagement nor using
                  the Company's  resources including but not limited to patents,
                  software, services, online marketing tools, and techniques for
                  the  arrangement  of software and online  marketing  tools and
                  services  and that  this  intellectual  property  shall at all
                  times be and remain the property of the Contractor.

9.       CONFIDENTIALITY
--------------------------------------------------------------------------------

         (a)      During the Engagement  and at all times after the  termination
                  of the Engagement, the Contractor must not, except:

                  (i)      in the proper course of providing services;

                  (ii)     as may be required by law; or

                                      -6-
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CONTRACT FOR SERVICES AGREEMENT
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                  (iii)    with the prior consent in writing of the Chairman,

                  divulge or disclose to any other person,  firm or  corporation
                  any  confidential  information  relating to the Company or the
                  30DC Group,  being specifically any raw data,  technology,  or
                  process which is confidential or of a sensitive nature and not
                  already  in the  possession  of the  Contractor  prior  to the
                  Engagement  or in the public  domain,  or any trade secrets of
                  which the  Contractor may become  possessed  whilst engaged in
                  any way whatsoever by the Company (collectively referred to as
                  the CONFIDENTIAL INFORMATION).

         (b)      The Contractor must not use or attempt to use the Confidential
                  Information  in any  manner  which  will  or may  cause  or be
                  calculated  to cause injury or loss to the Company or the 30DC
                  Group.

         (c)      During  the  Engagement,  the  Contractor  must  use its  best
                  endeavours  to prevent the  unauthorised  disclosure of any of
                  the Confidential Information by or to third parties.

         (d)      The provisions of clauses 9(a) and 9(b) of this Agreement will
                  continue to apply after termination of the Engagement  without
                  limitation  in  point  of time  but  will  cease  to  apply to
                  information  or  knowledge  which  may come  into  the  public
                  domain,  other  than  by  breach  by the  Contractor  of  this
                  Agreement.

         (e)      Since any breach of the  provisions of clauses 9(a),  9(b) and
                  9(c)  of  this   Agreement  may  diminish  the  value  of  the
                  Confidential Information, the Contractor acknowledges that the
                  Company,  for itself and on behalf of the 30DC Group,  will be
                  entitled to  equitable  relief,  including  but not limited to
                  injunctive relief and specific performance, without showing or
                  proving  actual  damages  sustained by the Company or the 30DC
                  Group and the Contractor  also  acknowledges  that the Company
                  and the 30DC Group will also be entitled to money damages.

10.      CONFLICT OF INTEREST
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         (a)      The Contractor must at the earliest  opportunity,  disclose in
                  writing to the Board any  financial,  legal,  professional  or
                  personal  interest  that may  conflict  with its  provision of
                  services  under this  Agreement  or with the  business  of the
                  Company and the 30DC Group.

         (b)      The  Contractor  must not  engage in  activities  outside  the
                  Engagement where:

                  (i)      the Contractor's involvement in such activities would
                           adversely affect its provision of services under this
                           Agreement;

                  (ii)     the Contractor's involvement in such activities would
                           result in a conflict of interest;

                  (iii)    Company  property  or  resources  are  used  for such
                           activities without express permission of the Board.

11.      TERMINATION
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11.1     RESTRICTION ON TERMINATION

         Subject to the  provisions  of clause 11.2,  this  Agreement may not be
         terminated by either party during the 24 Month period commencing on the
         Commencement Date.

11.2     BY THE COMPANY WITHOUT NOTICE

         (a)      Where  the Board  decides  to  terminate  the  Engagement  for
                  reasons  specified  in  this  clause,  it may do so by  giving

                                      -7-
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CONTRACT FOR SERVICES AGREEMENT
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                  notice   effective   forthwith  and  without  payment  of  any
                  remuneration,  allowances or  incentives of any nature,  other
                  than  as  accrued  to the  date  of  termination.  Termination
                  without   notice   may  occur  in   circumstances   where  the
                  Contractor:

                  (i)      fails  to  provide  services  or  becomes  unable  to
                           provide  the  services  under  this  Agreement  for a
                           period  of not  less  than one  Month or any  periods
                           aggregating  not less than one Month in any period of
                           12 Months;

                  (ii)     is guilty of any serious or wilful misconduct; or

                  (iii)    is charged  with any  criminal  offence  which in the
                           reasonable   opinion   of  the   Board   brings   the
                           Contractor,  the  Company  or  the  30DC  Group  into
                           serious disrepute.

                  (iv)     wilfully violates U.S. securities laws.

11.3     BY THE COMPANY WITH NOTICE

         After the initial 24 month restriction on termination,  the Company may
         terminate the  Engagement  at any time by giving six Months'  notice in
         writing to the Contractor.

11.4     BY THE CONTRACTOR WITH NOTICE

         After the initial 24 month  restriction on termination,  the Contractor
         may terminate the Engagement by giving six Months' notice in writing to
         the Company.  If the  Contractor  does not give the required  period of
         notice  then  the  Company  may  withhold   money   equivalent  to  the
         Contractor's  remuneration  for the shortfall in the required period of
         notice,  on the basis that amount be forfeited by the Contractor to the
         Company.

11.5     CONSEQUENCES OF TERMINATION

         Where either the  Contractor or the Company gives notice of termination
         of the  Engagement,  on the date  that  notice  is given or at any time
         after that during the currency of the notice, the Company may do either
         of (a) or (b) below:

         (a)      pay the  Contractor  a lump sum equal to at least the total of
                  all amounts that, if the  Engagement  had continued  until the
                  end of the required  period of notice,  the Company would have
                  become  liable  to  pay  to  the  Contractor  because  of  the
                  Engagement continuing during that period. If the Company makes
                  that payment then the  Engagement  terminates on tender by the
                  Company to the Contractor of that lump sum; or

         (b)      require the  Contractor to no longer  provide  services to the
                  Company (for the balance of the period of the notice).

         (c)      For the avoidance of doubt, termination notice also terminates
                  the   officer's   position   on  the  date   thereof   without
                  resignation.

11.6     BOARD REACTION TO TERMINATION

         If at any time  either the  Company or the  Contractor  gives the other
         notice of termination of the Engagement,  the Board will immediately be
         entitled to:

         (a)      appoint,  with effect from such date as may be  designated  by
                  the Board,  another  contractor  to provide the services  that
                  were being carried out by the Contractor  immediately prior to
                  the date upon which any such notice of  termination  is given;
                  and

         (b)      require  the  Contractor  to assist any  contractor  or person
                  appointed  to  provide  the  services  as the  Board  may deem
                  necessary  and for such period  within the six Month period of
                  notice  as the  Board  may  determine  to  ensure  an  orderly
                  handover  of the  Contractor's  services  to  the  replacement
                  provider.

                                      -8-
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11.7     RETURN OF COMPANY PROPERTY

         The Contractor  expressly  covenants that it shall immediately upon the
         termination   of  the   Engagement   deliver  up  to  the  Company  all
         correspondence,    documentation,   specifications,   papers,   records
         (including  for the  avoidance of doubt all records held in  electronic
         format)  and all other  property  of the 30DC Group which may be in its
         possession  or under its control and the  Contractor  warrants  that no
         copies  of  any  such  correspondence,  documentation,  specifications,
         papers, records or other property shall be retained by them.

12.      Reengagement
--------------------------------------------------------------------------------

12.1     REENGAGEMENT

         Subject to clause 12.2:

         (a)      at least six Months prior to the  expiration of the Term,  the
                  Company  and the  Contractor  shall  confer  with  the view to
                  reaching  agreement  as to  whether  the  Contractor  shall be
                  re-engaged for a further term, and if so, on the terms for re-
                  engagement; and

         (b)      each party  shall  advise the other no later than four  Months
                  (or such other  period as may be agreed in  writing)  prior to
                  the  expiration  of the Term of their  decision  regarding re-
                  engagement pursuant to clause 12.1(a).

12.2     FURTHER AGREEMENT

         (a)      Upon agreement in relation to re- engagement of the Contractor
                  in accordance with this clause 12 the Contractor shall enter a
                  further   agreement  on  termination  or  completion  of  this
                  Agreement;

13.      GRIEVANCE AND DISPUTE RESOLUTION PROCEDURE
--------------------------------------------------------------------------------

13.1     DISPUTE

         If any dispute arises out of this Agreement  (DISPUTE),  a party to the
         Agreement must not commence any court or arbitration proceedings unless
         the parties to the Dispute have complied with the following  provisions
         of this  clause 13,  except  where a party seeks  urgent  interlocutory
         relief.

13.2     NOTICE OF DISPUTE

         A party to this Agreement  claiming that a Dispute has arisen out of or
         in relation to this Agreement must give written notice  (NOTICE) to the
         other party to this Agreement specifying the nature of the Dispute.

13.3     DISPUTE RESOLUTION

         If the parties do not agree  within seven days of receipt of the Notice
         (or such further period as agreed in writing by them) as to the:

         (a)      dispute resolution  technique (e.g. expert  determination) and
                  procedures to be adopted;

         (b)      timetable for all steps in those procedures; and

         (c)      selection and compensation of the independent  person required
                  for such technique,

                                      -9-
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CONTRACT FOR SERVICES AGREEMENT
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         the parties must mediate the Dispute in  accordance  with the mediation
         rules of the State of Delaware and the mediator will be selected by the
         Superior Court of Delaware from the Superior Court's Mediator's List.

14.      NOTICES
--------------------------------------------------------------------------------

         (a)      A  party  must  ensure  that a  notice  it  sends  under  this
                  Agreement is in writing.

         (b)      Subject  to the  requirements  for  service  in  any  relevant
                  legislation, a notice is deemed to be given:

                  (i)      if sent by hand, at the time of delivery;

                  (ii)     if  sent  by  facsimile  transmission,  at  the  time
                           recorded on the transmission report;

                  (iii)    if sent  by  e-mail,  subject  to the  sending  party
                           receiving proof of a successful transmission,  on the
                           Business Day it is sent;

                  (iv)     if the notice is sent by prepaid post, seven Business
                           Days after posting; and

                  (v)      if the  notice  is sent  by  registered  mail,  seven
                           Business Days after the sender sends the notice.

         (c)      Clause 14(b)(ii) does not apply if:

                  (i)      the intended  recipient  promptly  informs the sender
                           that the  transmission  was received in an incomplete
                           or garbled form; or

                  (ii)     the  transmission  report of the sender  indicates  a
                           faulty or incomplete transmission.

         (d)      If delivery or receipt is not on a Business  Day or if receipt
                  is later than 5.00 pm,  local  time at the place of  delivery,
                  then the notice is deemed to have been  delivered and received
                  on the next Business Day.

         (e)      Subject  to clause  14(g),  a party  must  address a notice as
                  follows:

         If to the Contractor:

                   Address:         23V Industries Ltd
                                    of 7 Norman Road,
                                    Runcorn, Cheshire, United Kingdom, WA7 5PE

                   Email:           danraine@gmail.com
                   Attention:       Dan Raine

         If to the Company:

                   Address:         30DC, INC.
                                    69 Ardmillan Road
                                    Moonee Ponds  VIC  3039
                                    AUSTRALIA

                   Email:           eddale@mac.com
                   Attention:       Ed Dale

                                      -10-
<PAGE>
CONTRACT FOR SERVICES AGREEMENT
--------------------------------------------------------------------------------

         (f)      A party must  notify the other  party that it has  changed its
                  address.

         (g)      A party must send a notice to the other  party's last notified
                  address.

         (h)      Despite   anything  in  this  clause  14,  a  party  does  not
                  effectively  send a  notice  if  that  party  knows  that  the
                  intended  recipient will not see the notice for the whole or a
                  substantial part of the period in the notice.

15.      GENERAL PROVISIONS
--------------------------------------------------------------------------------

15.1     GOVERNING LAW

         This  Agreement is governed by the laws of Delaware,  United  States of
         America.

15.2     ENTIRE AGREEMENT

         (a)      This Agreement contains the entire  understanding  between the
                  parties in relation to its subject matter.

         (b)      There  are  no  express  or  implied  conditions,  warranties,
                  promises,  representations or obligations, written or oral, in
                  relation to this Agreement other than those  expressly  stated
                  in it or necessarily implied by law.

15.3     NO RELIANCE

         The  Contractor  acknowledges  that it has entered into this  Agreement
         without relying on any representation by the Company.

15.4     NO WAIVER

         (a)      No failure,  delay,  relaxation  or  indulgence  by a party in
                  exercising  any power or right  conferred  upon it under  this
                  Agreement will operate as a waiver of that power or right.

         (b)      No single or partial  exercise of any power or right precludes
                  any other or future  exercise  of it, or the  exercise  of any
                  other power or right under this Agreement.

15.5     SEVERABILITY

         If any provision of this Agreement is invalid,  void or  unenforceable,
         all other provisions which are capable of separate  enforcement without
         regard to an  invalid,  void or  unenforceable  provision  are and will
         continue to be of full force and effect in accordance with their terms.

15.6     BINDING NATURE

         This Agreement  binds and inures for the benefit of the parties,  their
         respective successors (including, in the case of natural persons, their
         legal personal representatives) and permitted assigns.

15.7     NO VARIATION

         This Agreement may not be varied except by written instrument  executed
         by the parties.

15.8     NO ASSIGNMENT

         The Contractor may not without the prior written consent of the Company
         assign or encumber all or any part of its rights  under this  Agreement
         or  attempt  or  purport  to  allow   another   entity  to  assume  the
         Contractor's obligations under this Agreement.

                                      -11-
<PAGE>
CONTRACT FOR SERVICES AGREEMENT
--------------------------------------------------------------------------------

15.9     COUNTERPARTS

         (a)      The  parties  may  execute  this  Agreement  in  two  or  more
                  counterparts.

         (b)      The parties deem that each counterpart is an original.

         (c)      All counterparts together constitute one instrument.

15.10    EXTENT THAT THE LAW PERMITS

         The terms of this Agreement apply to the extent the law permits.

15.11    SPECIFIC PERFORMANCE

         The parties agree that:

         (a)      damages for breach of this Agreement are inadequate; and

         (b)      a party is  entitled  to specific  performance  or  injunctive
                  relief or both.

15.12    CUMULATIVE RIGHTS

         A party's  rights under this Agreement are in addition to the rights of
         the parties at law.

                                      -12-

<PAGE>
CONTRACT FOR SERVICES AGREEMENT
--------------------------------------------------------------------------------

                                    SCHEDULE

ITEM 1                     1st  July 2009
Commencement Date

ITEM 2                     The period of three years from the Commencement Date
Term

ITEM 3                     The services to be supplied by Contractor are:
Services to be supplied

                           1.       web development;

                           2.       web design;

                           3.       copywriting;

                           4.       website administration;

                           5.       to make  available  Mr.  Dan Raine to act as
                                    Vice  President of Business  Development  of
                                    the  Company  and  Manager of the  Immediate
                                    Edge division as approved and subject to the
                                    direction  and  requirements  of  the  Chief
                                    Executive   Officer   and   the   Board   of
                                    Directors; and

                           6.       any other  services  the  parties  may agree
                                    upon from time to time.

ITEM 4                              US$250,000 PER ANNUM
Engagement Cost

ITEM 5
Performance Bonus          If the  revenue  of the 30DC Group in any year of the
                           Engagement  calculated from the Commencement  Date is
                           doubled,  the Company  shall issue to the  Contractor
                           that number of shares in the Company  comprising  50%
                           of the Engagement Cost.

                           The Contractor will be entitled to participate in any
                           stock  option plan  adopted by the Company on listing
                           on the OTC Bulletin Board.

                           The  Contractor   will  be  entitled  to  other  such
                           benefits  and  incentive  payments,  as may be deemed
                           appropriate by the Company and the 30DC Group.

                                      -13-
<PAGE>
CONTRACT FOR SERVICES AGREEMENT
--------------------------------------------------------------------------------

EXECUTED AS AN AGREEMENT

SIGNED SEALED AND DELIVERED for and on behalf of      )
30DC, INC. by authority of the directors in the       )
presence of:                                          )

....................................     .......................................
Secretary/Director                      Director

....................................     .......................................
Name (please Print)                     Name (please Print)

SIGNED by 23V INDUSTRIES LTD in                       )
the presence of:                                      )

....................................     .......................................
Signature of Witness                    Former Director of 23V INDUSTRIES LTD

....................................     .......................................
(Print) Name of Witness                 Name (Please Print)

                                      -14-WebFilings | EDGAR view

 

 
EXHIBIT 10.1
 
INDEMNIFICATION AGREEMENT
 
THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is entered into, effective as of [          ], by and between Informatica Corporation, a Delaware corporation (the “Company”), and [          ] (“Indemnitee”).  
WHEREAS, it is essential to the Company to retain and attract as directors and officers the most capable persons available;  
WHEREAS, Indemnitee is a [director][officer][director and officer] of the Company;  
WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and other claims currently being asserted against directors and officers of corporations; 
[WHEREAS, the Certificate of Incorporation of the Company eliminates the personal liability of directors to the fullest extent permitted by Section 102(b)(7) of the Delaware General Corporation Law.] 1 
WHEREAS, the Certificate of Incorporation and Bylaws of the Company require the Company to indemnify and advance expenses to its directors and officers to the fullest extent permitted under Delaware law, and the Indemnitee has been serving and continues to serve as a [director][officer][director and officer] of the Company in part in reliance on the Company's Certificate of Incorporation and Bylaws; and
WHEREAS, in recognition of Indemnitee's need for substantial protection against personal liability in order to enhance the Indemnitee's continued and effective service to the Company and specific contractual assurance that the protection promised by the Certificate of Incorporation and Bylaws will be available to Indemnitee (regardless of, among other things, any amendment to or revocation of the Certificate of Incorporation or Bylaws or any change in the composition of the Company's Board of Directors or acquisition transaction relating to the Company), and  in order to induce Indemnitee to provide effective services to the Company as a [director][officer][director and officer], the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses to Indemnitee to the fullest extent (whether partial or complete) permitted under Delaware law and as set forth in this Agreement, and, to the extent insurance is maintained that includes Indemnitee as a covered party, to provide for the continued coverage of Indemnitee under the Company's directors' and officers' liability insurance policies.  
NOW, THEREFORE, in consideration of the above premises and of Indemnitee continuing to serve the Company directly or, at its request, with another enterprise, and intending to be legally bound hereby, the parties agree as follows:  
 
1.Certain Definitions:  
(a)Board:  the Board of Directors of the Company.  
 
 
 
 
_________________________
1 Include if form is for a director of the Company.
 
 

1  

 

 
 
 
 
 
 
(b)Affiliate:  any corporation or other person or entity that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, the person specified.
 
(c)Change in Control:  shall be deemed to have occurred if (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”))(other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company), is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 30% or more of the total voting power represented by the Company's then outstanding Voting Securities, or (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board and any new director whose election by the Board or nomination for election by the Company's stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority of the Board, or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other entity, other than a merger or consolidation that would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity) at least 80% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or (iv) the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company (in one transaction or a series of transactions) of all or substantially all of the Company's assets.  
 
(d)Expenses:  any expense, liability, or loss, including attorneys' fees, judgments, fines, ERISA excise taxes and penalties, amounts paid or to be paid in settlement, any interest, assessments, or other charges imposed thereon, any federal, state, local, or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement, and all other costs and obligations, paid or incurred in connection with investigating, defending, being a witness in, participating in (including on appeal), or preparing for any of the foregoing in, any Proceeding relating to any Indemnifiable Event.  
 
(e)Indemnifiable Event:  any event or occurrence that takes place either prior to or after the execution of this Agreement, related to the fact that Indemnitee is or was a director or officer of the Company, or while a director or officer is or was serving at the request of the Company as a director, officer, employee, trustee, agent, or fiduciary of a foreign or domestic subsidiary of the Company or of any other foreign or domestic corporation, partnership, joint venture, employee benefit plan, trust, or other enterprise, or was a director, officer, employee, or agent of a foreign or domestic corporation that was a predecessor corporation of the Company or of another enterprise at the request of such predecessor corporation, or related to anything done or not done by Indemnitee in any such capacity, whether or not the basis of the Proceeding is alleged action in an official capacity as a director, officer, employee, or agent or in any other capacity while serving as a director, officer, employee, or agent of the Company, as described above.  
 
(f)Independent Counsel:  the person or body appointed in connection with Section 3.  
 
 
 
 
 
 

2  

 

 
 
 
 
 
 
(g)Proceeding:  any threatened, pending, or completed action, suit, or proceeding or any alternative dispute resolution mechanism (including an action by or in the right of the Company), or any inquiry, hearing, or investigation, whether conducted by the Company or any other party, that Indemnitee in good faith believes might lead to the institution of any such action, suit, or proceeding, whether civil, criminal, administrative, investigative, or other.  
 
(h)Reviewing Party:  the person or body appointed in accordance with Section 3.  
 
(i)Voting Securities:  any securities of the Company that vote generally in the election of directors.
  
2.Agreement to Indemnify.  
 
(a)General Agreement.  In the event Indemnitee was, is, or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, a Proceeding by reason of (or arising in part out of) an Indemnifiable Event, the Company shall indemnify Indemnitee from and against any and all Expenses to the fullest extent permitted by Delaware law, as the same exists or may hereafter be amended or interpreted. The parties hereto intend that this Agreement shall provide for indemnification in excess of that expressly permitted by statute, including, without limitation, any indemnification provided by the Company's Certificate of Incorporation, its Bylaws, vote of its stockholders or disinterested directors, or applicable law.  The only limitation that shall exist upon the Company's obligations pursuant to this Section 2 shall be that the Company shall not be obligated to make any payment to Indemnitee that is finally determined by the Court of Chancery of the State of Delaware (the “Delaware Chancery Court”) in a final judgment, not subject to appeal, to be unlawful.
 
(b)Initiation of Proceeding.  Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not be entitled to indemnification pursuant to this Agreement in connection with any Proceeding initiated by Indemnitee against the Company or any director or officer of the Company unless (i) the Company has joined in or the Board has consented to the initiation of such Proceeding; (ii) the Proceeding is one to enforce indemnification rights under this Agreement; or (iii) the Proceeding is instituted after a Change in Control (other than a Change in Control approved by a majority of the directors on the Board who were directors immediately prior to such Change in Control) and Independent Counsel has approved its initiation.  
 
(c)Expense Advances.  If so requested by Indemnitee, the Company shall advance (within ten business days of such request) any and all Expenses incurred by Indemnitee (an “Expense Advance”); provided that (i) such an Expense Advance shall be made only upon execution and delivery to the Company of this Agreement which shall constitute an undertaking by or on behalf of the Indemnitee to repay the amount thereof if and to the extent it is ultimately determined by the Delaware Chancery Court that Indemnitee is not entitled to be indemnified by the Company, and (ii) if and to the extent that the Reviewing Party determines that Indemnitee would not be permitted to be so indemnified under Delaware law, the Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all such amounts theretofore paid.  If Indemnitee has commenced or commences legal proceedings in the Delaware Chancery Court to secure a determination that Indemnitee should be indemnified under Delaware law, as provided in Section 4, any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified under Delaware law shall not be binding, and Indemnitee shall not be required to reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or have lapsed).  Indemnitee's obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.  To the extent permissible under third party policies, the Company agrees that invoices for Expense Advances shall be billed in the name of and be payable directly by the Company.

3  

 

 
 
 
 
 
 
(d)Mandatory Indemnification.  Notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any Proceeding relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, Indemnitee shall be indemnified against all Expenses incurred in connection therewith.  
 
(e)Partial Indemnification.  If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of Expenses, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.  Attorneys' fees and expenses shall not be prorated but shall be deemed to apply to the portion of indemnification to which Indemnitee is entitled.
 
(f)Prohibited Indemnification.  No indemnification pursuant to this Agreement shall be paid by the Company on account of any Proceeding in which judgment is rendered against Indemnitee for an accounting of profits made from the purchase or sale by Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the Exchange Act, or similar provisions of any federal, state, or local laws; provided, however, that notwithstanding any limitation set forth in this Section 2(f) regarding the Company's obligation to provide indemnification, Indemnitee shall be entitled under Section 2(c) to receive Expense Advances hereunder with respect to any such Proceeding unless and until a court having jurisdiction over the Proceeding shall have made a final judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee has violated said statute. 
 
3.Reviewing Party.  Prior to any Change in Control, the Reviewing Party shall be any appropriate person or body consisting of a member or members of the Board or any other person or body appointed by the Board who is not a party to the particular Proceeding with respect to which Indemnitee is seeking indemnification.  With respect to all matters arising after a Change in Control (other than a Change in Control approved by a majority of the continuing directors on the Board who were directors immediately prior to such Change in Control) concerning the rights of Indemnitee to indemnity payments and Expense Advances under this Agreement or any other agreement or under applicable law or the Company's Certificate of Incorporation or Bylaws now or hereafter in effect relating to indemnification for Indemnifiable Events, the Reviewing Party shall be Independent Counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld), and who has not otherwise performed services for the Company or the Indemnitee (other than in connection with indemnification matters) within the last five years.  The Independent Counsel shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee's rights under this Agreement.  Such counsel, among other things, shall render its written opinion to the Company and Indemnitee as to whether and to what extent the Indemnitee should be permitted to be indemnified under Delaware law.  The Company agrees to pay the reasonable fees of the Independent Counsel and to indemnify fully such counsel against any and all expenses (including attorneys' fees), claims, liabilities, loss, and damages arising out of or relating to this Agreement or the engagement of Independent Counsel pursuant hereto.
  
4.Indemnification Process and Appeal.  
(a)Indemnification Payment.  Indemnitee shall be entitled to indemnification of Expenses, and shall receive payment thereof, from the Company in accordance with this Agreement as soon as practicable after Indemnitee has made written demand on the Company for indemnification, unless the Reviewing Party has given a written opinion to the Company that Indemnitee has not met the applicable standard of conduct or otherwise is not entitled to indemnification under Section 145 of the Delaware General Corporation Law or this Agreement.  
 
 

4  

 

 
 
 
 
 
 
(b)Suit to Enforce Rights.  Regardless of any action by the Reviewing Party, if Indemnitee has not received full advancement or indemnification within thirty days after making a demand in accordance with Section 4(a), Indemnitee shall have the right to enforce his or her indemnification rights under this Agreement by commencing litigation in the Delaware Chancery Court seeking an initial determination by the court or challenging any determination by the Reviewing Party or any aspect thereof.  The Company hereby consents to service of process and to appear in any such proceeding.  Any determination by the Reviewing Party not challenged by the Indemnitee shall be binding on the Company and Indemnitee.  The remedy provided for in this Section 4 shall be in addition to any other remedies available to Indemnitee at law or in equity.  The Company shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 4(b) that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate that the Company is bound by all the provisions of this Agreement.
 
(c)Defense to Indemnification, Burden of Proof, and Presumptions.  It shall be a defense to any action brought by Indemnitee against the Company to enforce this Agreement (other than an action brought to enforce a claim for Expenses incurred in defending a Proceeding in advance of its final disposition where the required undertaking has been tendered to the Company) that it is not permissible under Delaware law for the Company to indemnify Indemnitee for the amount claimed.  In connection with any such action or any determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified hereunder, the burden of proving such a defense or determination shall be on the Company to establish by clear and convincing evidence that Indemnitee is not so entitled to indemnification.  It is the parties' intention that if Indemnitee commences legal proceedings to secure a judicial determination that Indemnitee should be indemnified under this Agreement or Delaware law, the question of Indemnitee's right to indemnification shall be for the court to decide, as a de novo trial on the merits and Indemnitee shall not be prejudiced in any way by reason of an adverse determination.  In addition, neither the failure of the Reviewing Party or the Company (including its Board, independent legal counsel, or its stockholders) to have made a determination prior to the commencement of such action by Indemnitee that indemnification of the claimant is proper under the circumstances because Indemnitee has met the standard of conduct set forth in Delaware law, nor an actual determination by the Reviewing Party or Company (including its Board, independent legal counsel, or its stockholders) that the Indemnitee had not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the Indemnitee has not met the applicable standard of conduct.  For purposes of this Agreement, the termination of any claim, action, suit, or proceeding, by judgment, order, settlement (whether with or without court approval), conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by Delaware law.  
 
(d)To the maximum extent permitted by Delaware law in making a determination with respect to entitlement to indemnification (or advancement of expenses) hereunder, the Reviewing Party shall presume that Indemnitee is entitled to indemnification (or advancement of expenses) under this Agreement if Indemnitee has submitted a request for advancement under Section 2(c) of this Agreement or indemnification in accordance with Section 4(a) of this Agreement, and the Reviewing Party shall have the burden of proof to overcome that assumption by clear and convincing evidence in connection with the making of any determination contrary to that presumption.
 
 
 
 
 
 
 
 

5  

 

 
 
 
 
 
 
(e)The Company acknowledges that a settlement or other disposition of a proceeding short of final judgment may constitute success by Indemnitee if it permits a party to avoid expense, delay, distraction, disruption and uncertainty.  In the event that any Proceeding to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without limitation, settlement of such Proceeding with or without payment of money or other consideration) it shall be presumed (unless there is clear and convincing evidence to the contrary) that Indemnitee has been successful on the merits or otherwise in such Proceeding.  Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion, by clear and convincing evidence.
 
5.Indemnification for Expenses Incurred in Enforcing Rights.  The Company shall indemnify Indemnitee against any and all Expenses that are incurred by Indemnitee in connection with any action brought by Indemnitee for:
		
	(i)    
	indemnification or advance payment of Expenses by the Company under this Agreement or any other agreement or under applicable law or the Company's Certificate of Incorporation or Bylaws now or hereafter in effect relating to indemnification for Indemnifiable Events; and/or

		
	(ii)    
	recovery under directors' and officers' liability insurance policies maintained by the Company, but only in the event that Indemnitee ultimately is determined to be entitled to such indemnification or insurance recovery, as the case may be.  

In addition, the Company shall, if so requested by Indemnitee, advance the foregoing Expenses to Indemnitee, subject to and in accordance with Section 2(c).
6.Notification and Defense of Proceeding.  
(a)Notice.  Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding, Indemnitee shall, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof; but the omission so to notify the Company will not relieve the Company from any liability that it may have to Indemnitee, except as provided in Section 6(c).  
(b)Defense.  With respect to any Proceeding as to which Indemnitee notifies the Company of the commencement thereof, the Company will be entitled to participate in the Proceeding at its own expense and except as otherwise provided below, to the extent the Company so wishes, it may assume the defense thereof with counsel reasonably satisfactory to Indemnitee.  After notice from the Company to Indemnitee of its election to assume the defense of any Proceeding, the Company shall not be liable to Indemnitee under this Agreement or otherwise for any Expenses subsequently incurred by Indemnitee in connection with the defense of such Proceeding other than reasonable costs of investigation, transition costs associated with the Company's assumption of the defense, or as otherwise provided below.  Indemnitee shall have the right to employ legal counsel in such Proceeding, but all Expenses related thereto incurred after notice from the Company of its assumption of the defense shall be at Indemnitee's expense unless:  (i) the employment of legal counsel by Indemnitee has been authorized by the Company, (ii) Indemnitee has reasonably determined that there may be a conflict of interest between Indemnitee and the Company in the defense of the Proceeding, (iii) after a Change in Control (other than a Change in Control approved by a majority of the directors on the Board who were directors immediately prior to such Change in Control), the employment of counsel by Indemnitee has been approved by the Independent Counsel, or (iv) the Company shall not in fact have employed counsel to assume the defense of such Proceeding, in each of which cases all Expenses of the Proceeding shall be borne by the Company.  The Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company or as to which Indemnitee shall have made the determination provided for in (ii), (iii) and (iv) above.  
 

6  

 

 
 
 
 
(c)Settlement of Claims.  The Company shall not be liable to indemnify Indemnitee under this Agreement or otherwise for any amounts paid in settlement of any Proceeding effected without the Company's written consent, such consent not to be unreasonably withheld; provided, however, that if a Change in Control has occurred (other than a Change in Control approved by a majority of the directors on the Board who were directors immediately prior to such Change in Control), the Company shall be liable for indemnification of Indemnitee for amounts paid in settlement if the Independent Counsel has approved the settlement.  The Company shall not settle any Proceeding in any manner that would impose any penalty or limitation on Indemnitee without Indemnitee's prior written consent.  The Company shall promptly notify Indemnitee once the Company has received an offer or intends to make an offer to settle any such Proceeding and the Company shall provide Indemnitee as much time as reasonably practicable to consider such offer; provided, however Indemnitee shall have no less than three (3) business days to consider the offer.  The Company shall not be liable to indemnify the Indemnitee under this Agreement with regard to any judicial award if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense of such action; the Company's liability hereunder shall not be excused if participation in the Proceeding by the Company was barred by this Agreement.  
 
7.Non-Exclusivity.  The rights of Indemnitee hereunder shall be in addition to any other rights Indemnitee may have under the Company's Certificate of Incorporation, Bylaws, applicable law, or otherwise; provided, however, that this Agreement shall supersede any prior indemnification agreement between the Company and the Indemnitee.  To the extent that a change in applicable law (whether by statute or judicial decision) permits greater indemnification than would be afforded currently under the Company's Certificate of Incorporation, Bylaws, applicable law, or this Agreement, it is the intent of the parties that Indemnitee enjoy by this Agreement the greater benefits so afforded by such change.  
 
8.Liability Insurance.   
(a)The Company hereby covenants and agrees that, so long as the Indemnitee shall continue to serve as an agent of the Company and thereafter so long as the Indemnitee shall be subject to any possible proceeding by reason of the fact that the Indemnitee was an agent of the Company, the Company, subject to section 8(b), shall use reasonable efforts to obtain and maintain in full force and effect directors' and officers' liability insurance (“D&O Insurance”) in reasonable amounts from established and reputable insurers and Indemnitee shall be a covered party under such insurance to the maximum extent of the coverage available for any director or officer of the Company.
(b)Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain D&O Insurance if the Company determines in good faith that such insurance is not reasonably available, the premium costs for such insurance are disproportionate to the amount of coverage provided, or the coverage is reduced by exclusions so as to provide an insufficient benefit.
 
9.Amendment of this Agreement.  No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto.  No waiver of any of the provisions of this Agreement shall be binding unless in the form of a writing signed by the party against whom enforcement of the waiver is sought, and no such waiver shall operate as a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver.  Except as specifically provided herein, no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute a waiver thereof.  
 
 
 
 
 
 

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10.Subrogation.  In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights.  
 
11.No Duplication of Payments.  The Company shall not be liable under this Agreement to make any payment in connection with any claim made against Indemnitee to the extent Indemnitee has otherwise received payment (under any insurance policy, Bylaw, or otherwise) of the amounts otherwise indemnifiable hereunder.  
 
12.Binding Effect.  This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof.  This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs, and personal and legal representatives.  The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation, or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.  The indemnification provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified capacity pertaining to an Indemnifiable Event even though he may have ceased to serve in such capacity at the time of any Proceeding.  
 
13.Severability.  If any provision (or portion thereof) of this Agreement shall be held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable, the remaining provisions shall remain enforceable to the fullest extent permitted by law.  Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of this Agreement containing any provision held to be invalid, void, or otherwise unenforceable, that is not itself invalid, void, or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, void, or unenforceable.  
 
14.Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in such State without giving effect to its principles of conflicts of laws.  
 
15.Consent to Jurisdiction.  The Company and Indemnitee hereby irrevocably (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the Delaware Chancery Court, (ii) consent to subject to the exclusive jurisdiction of the Delaware Chancery Court for purposes of any action or proceeding arising out of or in connection with this Agreement, and (iii) waive any objection to the venue of any such action or proceeding in the Delaware Chancery Court.
 
 
 
 
 
 
 
 

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16.Notices.  All notices, demands, and other communications required or permitted hereunder shall be made in writing and shall be deemed to have been duly given if delivered by hand, against receipt, or mailed, postage prepaid, certified or registered mail, return receipt requested, and addressed to the Company at:
				
	 
	Informatica Corporation
	 
	 

	 
	100 Cardinal Way
	 
	 

	 
	Redwood City, CA 94063
	 
	 

	 
	Attention:  General Counsel
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	and to Indemnitee at:
	 
	 

	 
	[
	]
	 

	 
	[
	]
	 

Notice of change of address shall be effective only when given in accordance with this Section.  All notices complying with this Section shall be deemed to have been received on the date of hand delivery or on the third business day after mailing.  
17.Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
 
 
[Remainder of page intentionally left blank.]
 
 
 
 
 
 
 
 
 
 

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IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the day specified above.
INFORMATICA CORPORATION
 
By:    _______________________________________________
[Authorized Officer]
[Title]
 
INDEMNITEE
By:    ________________________________________________
[               ]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Signature Page to Indemnification Agreement
 

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