Document:

Exhibit 10.7

 

Exhibit
A

 

HEALTHCARE
TRIANGLE, INC.

Non-Qualified
Stock Option Agreement

 

Section
1. Grant of Option.

 

(a)
Option. On the terms and conditions set forth in the Notice of Non-Qualified Stock Option Grant (the “Grant
Notice”) and this Stock Option Agreement (the “Agreement”), the Company grants to the Optionee on
the Effective Date of Grant the option (the “Option”) to purchase at the Exercise Price the number of Shares
Subject to Option (“Shares”) set forth in the Grant Notice. This Option is intended to be a Non-Qualified Stock
Option ("NSO") as provided in the Notice of Stock Option Grant.

 

(b)
Plan and Defined Terms. The Option granted by this Agreement is granted as a stand-alone grant, separate and apart from,
and outside of, the Company’s 2020 Stock Incentive Plan (the “Plan”), and shall not constitute an award
granted under or pursuant to the Plan. Notwithstanding the foregoing, the terms, conditions, and definitions set forth in the
Plan shall apply to the Option as though the Option had been granted under the Plan, and the Option shall be subject to such terms,
conditions, and definitions, which are hereby incorporated into this Agreement by reference; provided that, for the avoidance
of doubt, the Option granted by this Agreement shall not reduce and shall have no impact on the number of shares available for
grant under the Plan. To the extent any provision hereof is inconsistent with a provision of the Plan, the provisions of this
Agreement will govern. All capitalized terms that are used in the Grant Notice or this Agreement and not otherwise defined therein
or herein shall have the meanings ascribed to them in the Plan.

 

Section
2. Right to Exercise.

 

The
Option hereby granted shall be exercised by written notice to the Chief Executive Officer or such person designated by the Chief
Executive Officer (the “Administrator”) using the form of Notice of Exercise attached hereto as Annex 1, specifying
the number of Shares the Optionee desires to purchase together with provision for payment of the Exercise Price. Payment of the
Exercise Price may be made by (a) check payable to the order of the Company, for an amount in United States dollars equal to the
aggregate Exercise Price of such Shares, (b) by broker-assisted exercise, or (c) by a combination of such methods, or (d) by a
cashless exercise[1]. The Company may require the Optionee to furnish or execute
such other documents as the Company shall reasonably deem necessary (i) to evidence such exercise and (ii) to comply with or satisfy
the requirements of the Securities Act of 1933, as amended, the Exchange Act, applicable state or non-U.S. securities laws or
any other law.

 

Section
3. Term and Expiration.

 

This
Option shall expire as set forth in the Grant Notice.

 

The
Optionee may exercise all or part of this Option at any time before its expiration under the preceding sentence, but, subject
to the following sentence, only to the extent that the Option had become vested before the Optionee’s employment or service
terminated. When the Optionee’s employment or service terminates, this Option shall expire immediately with respect to the
number of Shares for which the Option is not yet vested. If the Optionee dies after termination of employment or service, but
before the expiration of the Option, all or part of this Option may be exercised (prior to expiration) by the personal representative
of the Optionee or by any person who has acquired this Option directly from the Optionee by will, bequest or inheritance, but
only to the extent that the Option was vested and exercisable upon termination of the Optionee’s employment or service.

 

Section
4. Transferability of Option.

 

This
Option shall not be transferable by the Optionee other than by will or the laws of descent and distribution, and this Option shall
be exercisable during the Optionee’s lifetime only by the Optionee or on his or her behalf by the Optionee’s guardian
or legal representative.

 

Section
5. Investment Intent; Restrictions on Transfer.

 

Optionee
represents and agrees that if Optionee exercises this Option in whole or in part, Optionee will in each case acquire the Shares
upon such exercise for the purpose of investment and not with a view to, or for resale in connection with, any distribution thereof;
and that upon such exercise of this Option in whole or in part, Optionee (or any person or persons entitled to exercise this Option
under the provisions hereof) shall furnish to the Company a written statement to such effect, satisfactory to the Company in form
and substance. If the Shares represented by this Option are registered under the Securities Act, either before or after the exercise
of this Option in whole or in part, the Optionee shall be relieved of the foregoing investment representation and agreement and
shall not be required to furnish the Company with the foregoing written statement.

 

Optionee
further represents that Optionee has had access to the financial statements or books and records of the Company, has had the opportunity
to ask questions of the Company concerning its business, operations and financial condition, and to obtain additional information
reasonably necessary to verify the accuracy of such information.

 

Unless
and until the Shares represented by this Option are registered under the Securities Act, all certificates representing the Shares
and any certificates subsequently issued in substitution therefor and any certificate for any securities issued pursuant to any
stock split, share reclassification, stock dividend or other similar capital event shall bear legends in substantially the following
form:

 

THESE
SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE
APPLICABLE OR SECURITIES LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED
OR OTHERWISE DISPOSED OF IN THE ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE,
UNLESS PURSUANT TO EXEMPTIONS THEREFROM.

 

and/or
such other legend or legends as the Company and its counsel deem necessary or appropriate. Appropriate stop transfer instructions
with respect to the Shares have been placed with the Company’s transfer agent. Any transfer of Shares will be subject to
compliance with the procedures of the Company’s transfer agent.

 

 

Section
6. Miscellaneous Provisions.

 

(a)
Acknowledgements.

 

(i)
The Optionee hereby acknowledges that he or she has read and understands the terms of the Plan and this Agreement, and agrees
to be bound by their respective terms and conditions. The Optionee acknowledges that there may be tax consequences upon the exercise
or transfer of this Option and that the Optionee should consult an independent tax advisor prior to any exercise of the Option.

 

(b)
Tax Withholding. Pursuant to Article 20 of the Plan, the Company shall have the power and the right to deduct or withhold,
or require the Optionee to remit to the Company, an amount sufficient to satisfy federal, state and local tax purposes, as applicable,
including payroll taxes) that could be imposed on the transaction, and, to the extent the Administrator so permits, amounts in
excess of the minimum statutory withholding to the extent it would not result in additional accounting expense. Such election
shall be irrevocable, made in writing, signed by the Optionee, and shall be subject to any restrictions or limitations that the
Administrator, in its sole discretion, deems appropriate.

 

(c)
Notice Concerning Disqualifying Dispositions. If this Option is an Incentive Stock Option, the Optionee shall notify
the Administrator of any disposition of Shares issued pursuant to the exercise of this Option if the disposition constitutes a
“disqualifying disposition” within the meaning of Sections 421 and 422 of the Code (or any successor provision of
the Code then in effect relating to disqualifying dispositions). Such notice shall be provided by the Optionee to the Administrator
in writing within 10 days of any such disqualifying disposition.

 

(d)
Rights as a Stockholder. Neither the Optionee nor the Optionee’s transferee or representative shall have any rights
as a stockholder with respect to any Shares subject to this Option until this Option has been exercised and share certificates
or a book entry statement have been issued to the Optionee, transferee or representative, as the case may be. 

(e)
Ratification of Actions. By accepting this Agreement, the Optionee and each person claiming under or through the Optionee
shall be conclusively deemed to have indicated the Optionee’s acceptance and ratification of, and consent to, any action
taken under this Agreement and Grant Notice by the Company, the Board, or the Administrator.

 

(f)
Notice. Any notice required by the terms of this Agreement shall be given in writing and shall be deemed effective upon
personal delivery or upon deposit with the United States Postal Service, by registered or certified mail, with postage and fees
prepaid. Notice shall be addressed to the Company at its principal executive office and to the Optionee at the address that he
or she most recently provided in writing to the Company.

 

(g)
Choice of Law. This Agreement and the Grant Notice shall be governed by, and construed in accordance with, the laws of
the State of Delaware, without regard to any conflicts of law or choice of law rule or principle that might otherwise cause this
Agreement or the Grant Notice to be governed by or construed in accordance with the substantive law of another jurisdiction.

 

(h)
Arbitration. Any dispute or claim arising out of or relating to this Agreement or the Grant Notice shall be settled by
binding arbitration before a single arbitrator in New York and in accordance with the Commercial Arbitration Rules of the American
Arbitration Association. The arbitrator shall decide any issues submitted in accordance with the provisions and commercial purposes
of this Agreement and the Grant Notice, provided that all substantive questions of law shall be determined in accordance with
the state and Federal laws applicable in the state in which the Company is incorporated, without regard to internal principles
relating to conflict of laws.

 

(i)
Modification or Amendment. This Agreement may only be modified or amended by written agreement executed by the parties
hereto; provided, however, that the adjustments permitted pursuant to Article 4.3 of the Plan may be made without such written
agreement.

 

(j)
Severability. In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality
or invalidity shall not affect the remaining provisions of this Agreement, and this Agreement shall be construed and enforced
as if such illegal or invalid provision had not been included.

 

(k)
References to Plan. All references to the Plan shall be deemed references to the Plan as may be amended from time to
time.

 

(l)
Section 409A Compliance. To the extent applicable, it is intended that this Agreement comply with the requirements of
Code Section 409A and any related regulations or other guidance promulgated with respect to such Section by the U.S. Department
of the Treasury or the Internal Revenue Service and the Agreement and the Grant Notice shall be interpreted accordingly.

 

    	1 

    	 

    

 

Annex
1

 

 

NOTICE
OF EXERCISE

 

To:Healthcare
Triangle, Inc.

 

(1)       I
hereby exercise the Option granted to me on [*], 2020 by Healthcare Triangle, Inc. (the “Company”) with respect to
_______ Shares.

 

(2)       Payment
shall take the form of (check applicable box):

 

[
] lawful money of the United States in the amount of $________________; or

 

[
] if cashless exercise, the cancellation of such number of Shares as is necessary, in accordance with the formula set forth in
footnote 1 to the Stock Option Agreement, to exercise this Option with respect to the number of Shares set forth in (1) above.

 

(3)       Please
issue my shares in (check applicable box):

 

[
] a certificate or certificates representing said shares of common Stock in the name of the undersigned or in such other name
as is specified below:

 

_______________________________

(Name)

 

[
] book entry form in the name of the undersigned or in such other name as is specified below:

 

_______________________________

(Name)

 

 

___________________________________

(Name)

 

_______________________________________________________

(Date)(Signature)

 

___________________________________

(Address)

Received
by Healthcare Triangle, Inc. on

 

______________________________

(Date)

 

 

    	2 

    	 

    

 

HEALTHCARE
TRIANGLE, INC.

Notice
of Incentive Stock Option Grant

 

You
(the “Optionee”) have been granted the following option (the “Option”) to purchase shares
of common stock of Healthcare Triangle, Inc. (the “Company”), par value $0.00001 per share. This
grant is subject to all of the terms and conditions set forth in the Stock Option Agreement (the “Agreement”),
attached hereto as Exhibit A and the Company’s 2020 Stock Incentive Plan (the “Plan”),
which is attached hereto as Exhibit B. Capitalized but undefined terms shall have the meanings set forth in the Plan.

 

Name
of Optionee:[*].

 

Shares
Subject to Option:[*].

 

Type
of Option:Incentive Stock Options (ISOs).

 

Exercise
Price Per Share:$0.40.

 

Effective
Date of Grant:[*].

 

Vesting
Schedule:This Option will become exercisable (“vest”) as to 25% of the Shares Subject to Option ([NUMBER OF SHARES])
on the first anniversary of the Effective Date of Grant. With respect to the remaining 75% of the Shares Subject to Option, [NUMBER
OF SHARES] Shares Subject to Option shall vest at the end of each monthly period following the first anniversary of the Effective
Date of Grant until the fourth anniversary of the Effective Date of Grant [INCLUDE THIS IS THE TOTAL NUMBER OF OPTIONS IS NOT
DIVISABLE BY THE NUMBER OF YEARS OF VESTING] [; except that [NUMBER OF SHARES] Shares Subject to Option shall vest on the fourth
anniversary date of the Effective Date of Grant]. The right of exercise shall be cumulative so that to the extent this Option
is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with
respect to all Shares Subject to Option for which it is vested until the earlier of the date on which this Option is fully exercised
and the Expiration Date.

 

Expiration
Date:Upon the Optionee no longer being an employee of the Company or one of its Subsidiaries for any reason (the “Termination”),
this Option shall no longer include any Shares Subject to Option that are not vested. With respect to vested Shares Subject to
Option, this Option shall expire 90 days after the date of Termination and not be exercisable for any shares of the Company’s
common stock. Notwithstanding anything to the contrary contained herein, this Option shall expire on the tenth (10th) anniversary
date of the Effective Date of the Grant and shall not be exercisable for any shares of the
Company’s common stock.

 

The
Optionee and the Company hereby agree and acknowledge that this Option is governed by the terms and conditions of the Agreement
and the Plan, which are incorporated herein by reference. The Optionee confirms that the Optionee has been provided with a copy
of the Agreement and the Plan.

 

	OPTIONEE:	HEALTHCARE
    TRIANGLE, INC.
	 	 
	 

         

        _____________________
	 

         

        By:
        __________________________

	[*]	Name:
    Suresh Venkatachari
	 	Title:
    Chairman and CEO
	 	 
	 	 
	 	 

 

    	3Exhibit 10.8 

HEALTHCARE
TRIANGLE INC.

MASTER
SERVICES AGREEMENT

 

THIS
Master Services Agreement (the “Agreement”) is entered into as of 01 January, 2020 (the “Effective
Date”) by and between by and between Healthcare Triangle Inc., a Nevada corporation having its principal place of business
4309 Hacienda Dr, Suite 150, Pleasanton, CA 94588, (the “Company”) and 8K Miles Software Services Inc., a Nevada
corporation having its principal place of business at 4309 Hacienda Dr, Suite 150, Pleasanton, CA 94588, (the “Supplier”).
The Company and the Supplier are hereinafter sometimes referred to as the “Parties” and individually as a “Party.”
This Agreement is not a purchase commitment or request for delivery by Company of any Supplier services. Any services to be performed
under this Agreement by Supplier will be authorized only by signed Purchase Orders.

 

WHEREAS,
Company is in the business of providing Healthcare and Life Sciences solutions using Cloud, Big Data, Security and Compliance
related consulting and managed services for various enterprise clients ("Client").

 

WHEREAS,
the Supplier has certain expertise in developing computer software products, providing Cloud devops, IT consulting and cloud managed
services.

 

WHEREAS,
the Company desires to have Supplier develop for Company, and Supplier desires to develop for Company, certain computer software
products (the “Developed Software”) and provide associated IT Development/Consulting/Managed Services Support
(collectively, the “Services”) as described in Exhibit A, in accordance with the terms and conditions
of this Agreement

 

WHEREAS,
it is the intent of the Parties that all transactions under this Agreement will fully comply with the letter and the spirit of
all applicable laws.

 

NOW,
THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the Parties agree as follows:

 

1. 
Relationship of the Parties. The Parties will agree in advance on the terms and conditions under which the Supplier
will offer its Services to Company. Such terms and conditions will be agreed to and set forth in the applicable statement of work
(“Statement of Work” or “SOW”). The Parties agree that each Party will bear all of its costs
associated with its obligations herewith. The Parties will act as independent contractors and neither Party will act as agent
for or partner of the other Party for any purpose whatsoever, and the employees of one Party will not be deemed the employees
of the other Party. Neither Party may bind the other Party without the prior written consent of the other Party. The Parties agree
that this Agreement creates a relationship of trust and good faith between the Parties.

 

2. 
Statement of Work. The Parties will execute one or more SOWs in materially the form attached hereto as Exhibit
A. Each SOW will list the Services to be provided by the Supplier, the scope of the project, the agreed to fees to be charged
by the Supplier for the Services (the “Fees”), and the deliverables to be provided by the Supplier (the “Deliverables”).
Each SOW will incorporate the terms of this Agreement by reference. A SOW is not valid or effective unless signed by both Parties.
A SOW may not be revised without the prior written consent of each of the Parties. A SOW will not be binding effective until signed
by both of the Parties. Once signed, the SOW will be binding on both Parties.

 

    	1 

    	 

    

 

3.  Term
of Agreement. The term of the Agreement will commence on the Effective Date and terminate in twenty-four (24) months
(the “Initial Term”) unless terminated early or extended in accordance with the terms set forth
below. Company may terminate this Agreement at any time upon sixty (60) days’ prior notice to the Supplier.
Should either Party default in the performance of this Agreement or materially breach any of its obligations under this
Agreement, the non-breaching Party may terminate this Agreement immediately if the breaching Party fails to cure the breach
within thirty (30) days after having received written notice by the non-breaching Party of the breach or default. This
Agreement may be terminated at any time upon the consent of both Parties. The Agreement will automatically extend for one (1)
year periods (each an “Additional Term,” and, with the Initial Term, collectively the
“Term”) unless either Party notifies the other Party at least sixty (60) days before the end of the
Term.

 

4. 
Fees and Invoicing. The Parties agree that Fees to be charged to by the Supplier for the Services will be set forth
in the SOW. The Parties will agree in good faith on the Fees. Company will pay the Supplier’s Fees for the Services within
sixty (60) days of receipt of the invoice, unless otherwise agreed upon in an applicable SOW. Both Parties will be responsible
for the payment of taxes associated with the payments they receive.

 

5. 
Indemnification. Each Party hereby agrees to defend, indemnify, and hold harmless the other Party from and against
any and all third party claims, demands, damages, expenses and liabilities (including any related losses, costs, expenses, and
attorney fees) of whatever nature resulting from or arising in connection with such Party’s performance under this Agreement
or any breach by such Party of any of such Party’s covenants contained in this Agreement or any acts or omissions of such
Party. This indemnification obligation will survive any termination of this Agreement.

 

6.
Limitation of Liability.

 

6.1 
No Special Damages. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EXCEPT FOR FRAUD, WILFUL MISCONDUCT, DEATH, BODILY INJURY,
TANGIBLE PROPERTY DAMAGE, INFRINGEMENT OF THIRD PARTIES’ INTELLECTUAL PROPERTY, A PARTY’S INDEMNIFICATION OBLIGATIONS,
OR BREACH OF CONFIDENTIALITY OBLIGATIONS, IN NO EVENT WILL EITHER PARTY OR ITS RESPECTIVE AFFILIATES, SUBSIDIARIES, EMPLOYEES,
OFFICERS, AND DIRECTORS BE LIABLE FOR ANY AMOUNTS FOR (i) LOSS OF INCOME, GOODWILL, PROFIT, REVENUE, OR ANTICIPATED SAVINGS OF
THE OTHER PARTY OR ITS RESPECTIVE AFFILIATES, SUBSIDIARIES, EMPLOYEES, OFFICERS, AND DIRECTORS, OR (ii) INCIDENTAL, CONSEQUENTIAL,
SPECIAL, INDIRECT, PUNITIVE, OR EXEMPLARY LOSS OR DAMAGE SUFFERED BY THE OTHER PARTY OR ITS RESPECTIVE AFFILIATES, EMPLOYEES,
OFFICERS, AND DIRECTORS ARISING FROM OR RELATED TO THIS AGREEMENT, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
LOSSES OR DAMAGES.

 

6.2 
Maximum Aggregate Liability. EXCEPT FOR FRAUD, WILFUL MISCONDUCT, DEATH, BODILY INJURY, TANGIBLE PROPERTY DAMAGE, INFRINGEMENT
OF THIRD PARTIES’ INTELLECTUAL PROPERTY, A PARTY’S INDEMNIFICATION OBLIGATIONS, OR BREACH OF CONFIDENTIALITY OBLIGATIONS,
IN NO EVENT WILL THE AGGREGATE LIABILITY OF EITHER PARTY UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ITS SUBJECT MATTER, UNDER
ANY LEGAL OR EQUITABLE THEORY, INCLUDING BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, AND OTHERWISE, EXCEED
ONE TIMES (1X) THE AGGREGATE AMOUNT PAID OR PAYABLE UNDER THIS AGREEMENT IN THE TWELVE-MONTH PERIOD PRIOR TO THE EVENT GIVING
RISE TO LIABILITY.

    	2 

    	 

    

7. 
Ownership of the Developed Software. Company will own all right, title, and interest in and to the Developed Software,
including all intellectual property rights (“Intellectual Property Rights”) therein. “Intellectual
Property Rights” means patent rights (including patent applications and disclosures), copyright rights, trade secret
rights, know-how, and any other intellectual property or proprietary rights recognized in any country or jurisdiction in the world.
Supplier irrevocably transfers and assigns to Company, and agrees to irrevocably transfer and assign to Company, all right, title,
and interest in and to the Developed Software, including all Intellectual Property Rights therein. At Company’s request
and expense, during and after the term of this Agreement, Supplier will assist and cooperate with Company in all respects (and
will cause its employees and subcontractors to assist and cooperate with Company in all respects), and will execute documents
(and will cause its employees and subcontractors to execute documents), and will take such further acts reasonably requested by
Company to enable Company to acquire, perfect, maintain and enforce Company’s Intellectual Property Rights in and to the
Developed Software. Supplier hereby appoints the officers of Company as Supplier’s attorney-in-fact to execute documents
on behalf of Supplier and its employees and subcontractors for this limited purpose. Supplier also, on behalf of itself and its
employees and subcontractors, irrevocably transfers and assigns to Company, and agrees to irrevocably transfer and assign to Company,
and waives and agrees never to assert, any and all rights that Supplier or its employees or subcontractors may have in or with
respect to the Developed Software, even after termination of this Agreement.

 

8. 
Confidentiality of Proprietary Information. Each Party agrees not to disclose any confidential information of the
other Party to any third party without the prior written consent of the other Party. Each Party agrees to maintain the confidentiality
of the confidential information in the same manner that it maintains the confidentiality of its own confidential information.
Each Party agrees not to directly or indirectly use or disclose any confidential information at any time except (i) in connection
with the performance of its duties and obligations hereunder or (ii) as compelled by applicable law. Each Party agrees to keep
the terms of this Agreement confidential. Each Party acknowledges, agrees, and understands that its obligations will continue
until such time as the confidential information is publicly known, without fault any on the part of it.

 

9. 
Non-Solicitation of Employees and Contractors. Each Party agrees that, during and for a period of two (2) years
following termination of this Agreement, it will not, without the prior permission of the other Party, directly or indirectly,
solicit or participate in the solicitation of or attempt to solicit the other Party’s employees or contractors for the Party’s
own benefit or for the benefit of another person or entity.

 

10.
Miscellaneous.

 

10.1 
Assignment. Neither Party may assign, sublicense, delegate, or otherwise transfer any of its rights or obligations under
this Agreement without the prior written consent of the other Party. Notwithstanding the foregoing, either Party may, without
the consent of the other Party, assign this Agreement to an entity merging with, consolidating with, or purchasing substantially
all its assets or stock, provided that the Party assuming obligations agrees to do so in writing and has adequate resources to
meet its obligations hereunder. Any permitted assignment of this Agreement will be binding upon and enforceable by and against
the Parties’ successors and assigns, provided that any unauthorized assignment will be null and void and constitute a breach
of this Agreement. Supplier will be fully responsible for any and all actions and omissions of its subcontractors, whether or
not Company has approved such subcontractors.

 

10.2 
Record Maintenance. Supplier agrees to maintain records for a period of three (3) years following the completion of services
provided hereunder which adequately substantiate the applicability and accuracy of all charges, as well as specific employee wage
and markup rates for such

    	3 

    	 

    

services.
Supplier also agrees to produce such records for audit by Company upon the provision of reasonable advance notice. The length
of this record retention period may be increased via Attachments or Purchase Orders pertaining to specific Client engagements.

 

10.3 
Entire Agreement. This Agreement, any exhibits and amendments thereto, any Statements of Work entered into concurrently
with or in connection with this Agreement constitute the entire agreement between the Parties and supersede all previous agreements,
oral or written, with respect to the subject matter of this Agreement. This Agreement may not be amended without the prior written
consent of both Parties.

 

10.4 
Force Majeure. Except for payment obligations, if either Party is prevented from performing or is unable to perform any
of its obligations under this Agreement due to causes beyond the reasonable control of the Party invoking this provision, including
but not limited to acts of God, acts of civil or military authorities, riots or civil disobedience, wars, strikes or labor disputes
(other than those limited to the affected Party) (each, a “Force Majeure Event”), such Party’s performance
will be excused and the time for performance will be extended accordingly provided that the Party affected immediately notifies
the other Party and immediately takes all reasonably necessary steps to resume full performance. If Force Majeure Event lasts
for more than thirty (30) days, then the affected Party may terminate this Agreement or the applicable Statement of Work.

 

10.5 
Insurance. Prior to the provision of services under this Agreement, and at its own expense, Supplier will obtain for itself
and its employees, the following types and levels of insurance:

 

(a) 
Commercial General Liability insurance covering bodily injury, death, and property damage, arising from acts or omissions by Supplier
or its employees, with a minimum limit of $1,000,000.

 

(b) 
Workers Compensation insurance, as required by law, including employer's liability insurance with a minimum limit of $100,000
per occurrence.

 

(c) 
Business automobile insurance covering bodily injury, death, and property damage with a minimum limit of $1,000,000 (if vehicle
will be used in conjunction with services provided under this Agreement).

 

(d) 
Professional errors and omissions liability insurance with minimum limits of $1,000,000 per occurrence and $ 1,000,000 aggregate.

 

(e) 
Umbrella or Excess Liability insurance with limits not less than $2,000,000 per occurrence/aggregate, which shall provide additional
limits for employers’ liability, general liability and automobile liability insurance.

 

Limits
of liability may be increased by modification to this Agreement or to individual Purchase Orders depending upon Client specific
requirements, as applicable. Supplier agrees to name Company as an Additional Insured and will provide Company a copy of the Certificate
of Insurance prior to commencing any work under this Agreement. Supplier will also provide a copy of its insurance binder or policy.

 

10.6 
Governing Law. This Agreement will be governed by and interpreted in accordance with the laws of the State of California
without giving effect to its conflicts of law rules. Each of the Parties to this Agreement consents to the exclusive jurisdiction
and venue of the state and federal courts located in the State of California.

 

10.7 
Notices. All notices and other communications hereunder will be in writing and will be deemed to have been duly given when
delivered in person (including by overnight courier) or three

    	4 

    	 

    

(3)
days after being mailed by registered or certified mail (postage prepaid, return receipt requested), and on the date the notice
is sent when sent by verified facsimile, in each case to the respective Parties at the address first set forth hereto. Either
Party may change its contact information by providing the other Party with notice of the change in accordance with this subsection.

 

10.8 
Severability. If any provision of this Agreement is held invalid or unenforceable, it will be replaced with the valid provision
that most closely reflects the intent of the Parties and the remaining provisions of the Agreement will remain in full force and
effect.

 

10.9 
Waiver. No delay or failure by either Party to exercise any right or remedy under this Agreement will constitute a waiver
of such right or remedy. All waivers must be in writing and signed by an authorized representative of the Party waiving its rights.
A waiver by any Party of any breach or covenant will not be construed as a waiver of any succeeding breach of any other covenant.

 

10.10 
Dispute Resolution and Arbitration. Prior to the filing of any suit with respect to such dispute of any nature between
the Parties, including, without limitation, a dispute with respect to this Agreement (the “Dispute”), the Party
believing itself aggrieved (the "Invoking Party") will call for progressive management involvement in the Dispute
negotiation by giving written notice to the other Party. Such a notice will be without prejudice to the Invoking Party's right
to any other remedy at law, in equity or as permitted by this Agreement. The Parties will use best efforts to arrange personal
meetings and/or telephone conferences as needed, at mutually convenient times and places, between their negotiators at the director
and executive management levels, each of which will have a period of allotted time as specified below in which to attempt to resolve
the Dispute. The Parties agree that any controversy or claim arising out of or relating to this contract, or the breach thereof,
shall be settled by mandatory and binding arbitration administered by the American Arbitration Association in accordance with
its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction
thereof. The Parties hereby waive any right that they might have to have the Dispute decided by a jury or by court judge.

 

 

[SIGNATURE
PAGE FOLLOWS]

    	5 

    	 

    

IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement by persons duly authorized as of the Effective Date.

 

 

	HEALTHCARE TRIANGLE INC.	8K MILES SOFTWARE SERVICES INC.
	 	 
	Signature: /s/ Suresh Venkatachari	Signature: /s/ Lakshmanan Kannappan
	Name: Suresh Venkatachari	Name: Lakshmanan Kannappan
	Title: President	Title: Chief Operating Officer
	Email: sureshv@healthcaretriangle.com	Email: lkannappan@8kmiles.com
	Cell: 781-354-0843	Cell: 408-605-7548
	Date Signed: 01/01/2010	Date Signed: 01/01/2020

    	6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}]]