Document:

AGREEMENT

I.    GENERAL

      o     The parties to this Agreement are Cyber Defense Systems, Inc.
            ("Cyber"), Sierra Nevada Corporation ("SNC") and Techsphere Systems
            International, Inc. ("TSI") (collectively the "Three Parties"). It
            is the intention of the Three Parties to work together as a team to
            obtain contracts for TSI's Airships.

      o     The parties desire to do business together and clarify the
            interaction of the Prior Agreements between and among the parties.

II.   CONFIRMATION OF PRIOR AGREEMENTS

      o     The Three Parties agree that the Prior Agreements shall remain in
            full force and effect except as expressly clarified or modified
            herein.

      o     The Three Parties are aware of and attach copies of the following
            agreements between and among them: (1) Exclusive Agreement to
            Provide Integration Services (the "Exclusive Agreement") dated June
            30, 2004; (2) Memorandum of Agreement (the "MOA") dated November 4,
            2004; and (3) Subcontract Agreement (the "IDIQ") dated May 11, 2005
            (collectively, the "Prior Agreements").

      o     In the event of an inconsistency between this Agreement and any of
            the remaining terms of the Prior Agreements, this Agreement shall
            control.

III.  TERMS OF AGREEMENT

      o     SNC shall serve as the prime contractor to Government End-Users for
            all TSI Airships; provided however, if a third party desires to
            purchase or lease a TSI Airship for a Government End-User, that
            third party may serve as prime contractor to the U.S. Government as
            long as SNC serves as the first tier subcontractor(1) under the
            third party prime contractor for design, construction, purchase,
            integration, and delivery of the Airship from TSI and further
            provided that under either situation TSI serves as the second tier
            subcontractor in accordance with the Exclusive Agreement and IDIQ
            for the design and construction of the Airship and its component
            parts, not including the Integrated Payload as defined in the
            Exclusive Agreement. This provision should not be construed to alter
            the requirements of the MOA, section 2.2 of the Exclusive Agreement
            or the IDIQ, such as: (1) no TSI Airships may be sold or leased to a
            Government End-User without an integrated payload; (2) SNC has the
            exclusive right to contract with any Government End-User to provide
            the integration of the Airships; (3) TSI will continue to be the
            manufacturer of the Airships to be purchased or leased as described
            in the IDIQ, with appropriate protections for each party's
            intellectual property rights as defined in the IDIQ. Neither of the
            Three Parties' rights shall be affected by a merger, sale or other
            change in control at either of the other parties.

------------
(1)   First tier subcontractor means a company awarded a subcontract directly by
      a prime contractor.

                                       1
<PAGE>

      o     Unless otherwise agreed to in a purchase order, all funds that flow
            through SNC in payment of the Airship or the component parts thereof
            will be paid according to the terms of the IDIQ.

      o     As the prime contractor (or first tier subcontractor), SNC has no
            intent to manufacture any type of Airship. SNC's future purchases of
            Airships from TSI shall be governed by the terms of the IDIQ;
            provided however, that this provision shall not be construed to
            limit the parties' rights and obligations under the Prior Agreements
            between the Three Parties for the full term of the 21st Century
            License Agreement dated January 16, 2004.

      o     Pursuant to section 1.) b. of the MOA and subject to the remaining
            terms of the MOA, SNC will give the first right of refusal to TSI
            (or its affiliated companies) to lease or sell other non-TSI
            manufactured airships to SNC as long as the leasing or procurement
            offer is cost competitive and meets customer requirements.

      o     As the prime contractor (or first tier subcontractor), after
            consultation with the TSI and Cyber contact person, SNC shall submit
            the Three Parties' Airship proposals to Government End-Users and to
            third parties serving as prime contractors to Government End-Users
            as set forth above. This provision shall not be construed to limit
            SNC's right of first refusal to integrate Payloads on Airships
            purchased or leased to non-Government End-Users for which TSI will
            serve as the prime contractor, so long as SNC is cost competitive
            and meets customer requirements.

      o     The Three Parties shall market the Airships as follows:

      o     Within two (2) business days after any of the Three Parties learns
            of a viable marketing opportunity for Airships and prior to any
            marketing presentation (whether written or oral), the party that
            learns of the opportunity shall provide written notice of the
            opportunity to the other parties for the purpose of the Three
            Parties developing an appropriate plan of action.

      o     Notice under this subsection shall be delivered to the designated
            contact person for each Party as follows:

      o     For SNC: Bill Anderson

      o     For Cyber/TSI: Keith Vierela

      o     It is understood that SNC, as the prime contractor, should be the
            party to schedule a meeting with, respond to an RFP from, or
            otherwise send materials to Government End-Users; however if another
            party has special contacts within a third party prime contractor
            which will be issuing an RFP which will enhance the contract being
            awarded for a TSI Airship, then the Three Parties will jointly
            determine the best course of action. All Government End-User Airship
            marketing activities shall be consistent with SNC's right under the
            MOA to "coordinate all marketing and sales activities to the US
            Government as the lead responsible party." This does not preclude
            Cyber/TSI from marketing or conducting business development for its
            airships, as long as it is consistent with SNC's right to
            "coordinate all marketing and sales activities to the US Government
            as the lead responsible party."

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<PAGE>

      o     SNC claims that it is owed the sum of $780,000.00 in overdue
            invoices by Cyber. On the condition that all of the remaining terms
            of this payment proposal are acceptable: (1) SNC will agree to
            reduce its claim for $780,000 by $280,000 (an amount incurred for
            the unmanned portion of the NAVAIR demonstration and other costs);
            (2) Cyber will deliver the four MAA SA-90 airship Pods to TSI free
            and clear of any liens or other encumbrance, within ninety (90) days
            of final signature of this Agreement; and (3) if a demonstration
            contract is awarded and TSI delivers to SNC the completed MAA-90
            airship, free and clear of any liens or other encumbrances, within
            one hundred twenty (120) days from the date of award of the
            demonstration contract, SNC will set-off the $500,000 payment due
            SNC from Cyber as described in the Delivery Order attached hereto
            and incorporated herein as Exhibit "A." To the extent that a
            demonstration contract is not awarded and TSI does not deliver to
            SNC the completed airship free and clear of any liens or other
            encumbrances within one hundred twenty (120) days from the date of
            award of the demonstration contract, the promissory note executed by
            Cyber attached hereto as Exhibit "B" shall become due and payable in
            full in accordance with its terms.

      o     SNC recognizes that TSI may need to secure financing from a third
            party in order to complete and deliver the MAA SA-90 set forth in
            the Delivery Order. As such, TSI may ask that any payments due from
            SNC to TSI be paid directly to that third party creditor. If
            requested by TSI, SNC will execute proper documentation to
            accomplish such direct payment to TSI's creditor on terms acceptable
            to SNC. Nothing in this provision shall be construed to waive or
            limit SNC's rights under the Delivery Order.

      o     Pursuant to a Marketing and Sales Agreement between TSI and Cyber
            dated May 1, 2004, Cyber may be entitled to certain sales
            commissions as set forth therein. For each commission claimed for
            sales to Government End-Users, Cyber must warrant that it qualifies
            as a "bona fide agency(2)" entitled to a "contingent fee(3)"
            commission under 48 C.F.R. 3.401.

------------
(2)   Bona fide agency means an established commercial or selling agency,
      maintained by a contractor for the purpose of securing business, that
      neither exerts nor proposes to exert improper influence to solicit or
      obtain Government contracts nor holds itself out as being able to obtain
      any Government contract or contracts through improper influence. Improper
      influence means any influence that induces or tends to induce a Government
      employee or officer to give consideration or to act regarding a Government
      contract on any basis other than the merits of the matter.)
(3)   Contingent fee means any commission, percentage, brokerage, or other fee
      that is contingent upon the success that a person or concern has in
      securing a Government contract.

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<PAGE>

      o     The Three Parties recognize and acknowledge that the other parties
            may have certain intellectual property rights in the materials and
            methods used for construction, integration, and delivery of
            Airships. Therefore, the Three Parties agree to cooperate in good
            faith such that the Airships may be constructed, integrated, and
            delivered with all parties IP rights preserved. Further, it is
            understood by the Three Parties that the exchange of drawing
            packages does not constitute the purchase of intellectual property,
            unless otherwise agreed in writing. Finally, the Three Parties agree
            to finalize a list of the Three Parties respective IP rights within
            thirty (30) days of signing this Agreement. Upon completion, such
            list shall be incorporated as Exhibit C to this Agreement.

      o     The Three Parties shall sign a new agreed upon mutual non-disclosure
            agreement.

                            [SIGNATURE PAGE FOLLOWS]

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<PAGE>

IN WITNESS WHEREOF, the Parties have executed this Agreement as of April 25,
2006.

SIERRA NEVADA CORPORATION

By:
   -------------------------------------
   NAME:  Jeff Johnson
   TITLE: Corporate Director, Contracts
   DATE:  __________________

TECHSPHERE SYSTEMS INTERNATIONAL

By:
   -------------------------------------
   NAME:  Keith Vierela
   TITLE:
   DATE:  __________________

CYBER DEFENSE SYSTEMS, INC.

By:
   -------------------------------------
   NAME:
   TITLE:
   DATE:  __________________

                                       5
<PAGE>

                                    Exhibit B
                                       To
                         Agreement Dated April 25, 2006

                                 PROMISSORY NOTE

$500,000                                                    Sparks, Nevada 89434
                                                                  April 25, 2006

FOR VALUE RECEIVED, Cyber Defense Systems, Inc. ("Maker") hereby promises to pay
to the order of Sierra Nevada Corporation ("Holder"), the principal sum of five
hundred thousand Dollars ($500,000) together with accrued interest at the rate
of eight and one half percent (8.5%) per annum, compounded annually. Interest
begins to accrue on the 25th day of August, 2006.

1. Payments of Principal and Interest. All payments of principal and interest
under this Note shall be made in lawful money of the United States of America in
immediately available funds at Sierra Nevada Corporation, 444 Salomon Circle,
Sparks, NV 89434. All principal and interest under this Note shall be due and
payable in full by the 25th day of August, 2006 or ten (10) business days after
written demand therefore from Holder to Maker (the "Maturity Date"). This Note
may be prepaid in whole or in part at any time and from time to time without
premium or penalty. If principal and interest is not paid in full on the 25th
day of August, 2006, a 24% penalty per annum on the unpaid principal and
interest balance will be due until such time as the principal, accrued interest
and penalties are paid in full. Provided that this Promissory Note shall be
marked "Paid in Full" and deemed satisfied and the security interest referenced
in Section 6 of this Promissory Note shall be cancelled, when Cyber fulfills the
terms and conditions of the paragraph on page 3 of the Agreement and the 001
paragraph in Exhibit A of the Agreement dated April 25, 2006 which reference
this Promissory Note, or otherwise pays off this Promissory Note in accordance
with its terms.

2. Waiver of Notice. Maker hereby waives presentment for payment, demand, notice
of dishonor, protest, notice of protest and all other demands and notices in
connection with the delivery, performance and enforcement of this Note or any
extension or renewal hereof and agrees that it will not be necessary for Holder
to first institute suit in order to enforce payment of this Note.

3. Events of Default. Each of the following shall constitute an "Event of
Default" hereunder:

      (a) Maker's failure to pay when due any amount under this Note; and

      (b) Maker's commencement of any voluntary proceeding under any bankruptcy,
insolvency or readjustment of debt law or statute, of any jurisdiction, whether
now or subsequently in effect; or Maker is adjudicated insolvent or bankrupt by
a court of competent jurisdiction; or Maker petitions or applies for, acquiesces
in, or consents to, the appointment of any receiver or trustee of Maker or for
all or substantially all of his property or assets; or Maker makes an assignment
for the benefit of his creditors; or Maker admits in writing his inability to
pay his debts as they mature.

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<PAGE>

4. Acceleration on Default. Upon the occurrence of an Event of Default the
entire unpaid principal balance and any other amounts owed by Maker to Holder
under this Note shall become immediately due and payable.

5. Remedies. Upon the occurrence of an Event of Default, Holder may avail itself
of any legal or equitable rights which Holder may have at law or in equity or
under this Note, including, without limitation, the right of offset against any
amounts Holder owes to Maker. Failure to exercise any right or remedy upon the
occurrence of an Event of Default shall not constitute a waiver of the right to
exercise the same. The acceptance by Holder of any payment hereunder that is
less than payment in full of all amounts due and payable at the time of such
payment shall not constitute a waiver of the right to exercise any of the rights
or remedies set forth herein. If this Note is referred to an attorney for
collection after the occurrence and during the continuance of an Event of
Default, Maker shall pay all of Holder's reasonable costs, fees (including
reasonable attorney's fees) and expenses in connection with such collection
efforts. The principal amount of this Note shall continue to be effective or be
reinstated, as the case may be, if at any time any amount received by Holder in
respect of this Note is rescinded or must otherwise be restored or returned by
Holder including without limitation upon the insolvency, bankruptcy,
dissolution, liquidation or reorganization of Maker or upon the appointment of
any intervenor or conservator of, or trustee or similar official for Maker or
any substantial part of its properties, or otherwise, all as though such
payments had not been made.

6. Security Interest. To secure timely payment and performance of its
obligations under this Note, Maker hereby grants to Holder a first-priority
security interest in Maker's Airship Pods (i.e., CYBER PODS) and all
improvements and additions thereto (the "Collateral"), and Maker hereby
authorizes Holder to file financing statements evidencing such security
interest. The Maker shall execute an agreement giving the Holder a security
interest in the Collateral within 15 days of signing this Note.

7. Governing Law. This Note shall be construed and enforceable in accordance
with, and be governed by the internal laws of, the State of Nevada without
regard to principles of conflict of laws. Maker agrees that the state and
federal courts in Nevada or any other court in which Holder initiates
proceedings have exclusive jurisdiction over all matters arising out of this
Note.

8. Jury Trial. MAKER HEREBY WAIVES THE RIGHT TO TRIAL BY JURY OF ANY MATTERS
ARISING OUT OF THIS NOTE.

9. Benefit and Binding Nature. This Note shall inure to the benefit of Holder
and his successors and assigns and shall be binding upon Maker and his
successors, beneficiaries, heirs, administrators and executors. This Note
constitutes the entire understanding and agreement between the parties with
regard to the matter hereof, and supercedes all prior agreements and
understandings, express or implied, oral or written, relating to the subject
matter hereof.

                                       7
<PAGE>

10. Confessed Judgment. MAKER HEREBY APPOINTS AND CONSTITUTES ______________ AS
HIS ATTORNEY-IN-FACT AND AUTHORIZES HIM, IN THE EVENT OF A DEFAULT, TO CONFESS
JUDGMENT AGAINST MAKER IN THE CLERK'S OFFICE OF ANY COURT IN THE STATE OF
NEVADA, UPON SUBMISSION TO SUCH COURT OF A WRITTEN VERIFIED STATEMENT FROM THE
HOLDER INDICATING (1) THE AMOUNT UNPAID AND OWING HEREON, TOGETHER WITH
ALLOWABLE COURT COSTS AND ACTUAL ATTORNEYS' FEES, (2) THE FACTS GIVING RISE TO
THE INDEBTEDNESS AND (3) SUCH OTHER INFORMATION REQUIRED BY LAW. SO LONG AS THIS
NOTE SHALL REMAIN UNPAID, THIS POWER OF ATTORNEY IS COUPLED WITH AN INTEREST AND
IRREVOCABLE. ]

                            [SIGNATURE PAGE FOLLOWS]

                                       8
<PAGE>

                                SIGNATURE PAGE TO

                                 PROMISSORY NOTE

IN WITNESS WHEREOF, Maker has duly executed and delivered this Promissory Note
as of the date first set forth above.

                                           MAKER

                                           -----------------------------
                                           [Name]

                                       9Unassociated Document

    
      Exhibit
        10.1

      

      

      EXECUTIVE
        AGREEMENT

       

      THIS
        EXECUTIVE AGREEMENT
        (the
        "Agreement") is made effective as of the 3rd day of April, 2006 (the "Effective
        Date") between Edward J. DiMaria, an individual resident of the State of
        Connecticut ("Executive"), and BANKRATE, INC., a Florida corporation with
        its
        principal places of business located in North Palm Beach, Florida and New
        York
        City (the "Company"). 

       

      WHEREAS,
        the Company desires to engage Executive to perform certain services for the
        Company, and Executive desires to accept said engagement from the Company;
        and

       

      WHEREAS,
        the Company and Executive have agreed upon the terms and conditions of
        Executive's engagement by the Company, and the parties desire to express
        the
        terms and conditions in this Agreement.

       

      WHEREAS,
        the Company and Executive intend for this Agreement to supersede all agreements
        between Executive and the Company.

       

      NOW,
        THEREFORE, in consideration of the mutual covenants and agreements contained
        herein and other good and valuable consideration, the receipt and sufficiency
        of
        which are hereby acknowledged and accepted, the parties hereby agree as
        follows:

       

      1. Employment
        of Executive.
        The
        Company hereby employs Executive initially as its Chief Financial Officer,
        and
        Executive hereby accepts such employment by the Company, under the terms
        of this
        Agreement subject to termination pursuant to the provisions of Section 8
        hereof.

       

      2. Duties
        and Location.

       

      A. Executive's
        position and duties will consist of a position and duties normally associated
        with the position identified in Section 1. Executive shall initially report
        to
        the Company’s Chief Executive Officer or his designee. Executive shall devote
        his full business time to the Company’s business and shall not render to others
        any service of any kind for compensation or engage in any activity which
        conflicts or interferes with the performance of his obligations under this
        Agreement without the express written consent of the Board; provided, however,
        that Executive may engage in non-profit or charitable activities which do
        not
        involve substantial time and which do not materially interfere with his
        employment under this Agreement and which activities are not in competition
        with
        the Company as determined in the discretion of the Board of Directors of
        the
        Company.

       

      B. Executive
        agrees that he shall at all times faithfully and to the best of his ability
        and
        experience perform all of the duties that may be required of him pursuant
        to the
        terms of this Agreement.

       

      C. Executive
        will perform his services from Company's New York City office in or at any
        other
        location within 50 miles of New York City at the Company’s discretion. Executive
        recognizes that his position will entail frequent travel to the company’s North
        Palm Beach office, and may at some point and at the Board’s discretion, require
        relocation to the company’s Florida office. 

       

      3. Base
        Salary.
        Executive shall receive a base salary commencing on the Effective Date and
        during his employment hereunder of $220,000 per annum (the "Base Salary"),
        which
        amount may be increase annually at the discretion of the Compensation Committee
        of the Board (the "Committee"). The Base Salary shall be paid to Executive
        by
        the Company in accordance with the Company's regular payroll practice as
        in
        effect from time to time.

       

      4. Annual
        Bonus.
        Executive will be eligible for an annual bonus program generally available
        to
        executive officers of the Company as approved at the discretion of the
        Compensation Committee of the Board. The Management Incentive Plan target
        bonus
        is to be $125,000.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      5.
        Stock Incentive.
        Executive shall be eligible to participate in the Company' stock option,
        stock
        purchase, or other stock incentive plans which are generally available to
        executive officers of the Company and shall be eligible for the grant of
        stock
        options, restricted stock or other awards there under in accordance with
        the
        terms and provisions of such plans. The executive will be granted 150,000
        options of the company’s stock, subject to the approval of the board of
        directors. The options will vest in accordance with the company’s stock option
        plan.

       

      Company
        represents and warrants that it shall timely prepare and file with the
        Securities and Exchange Commission all documents as may be necessary to comply
        with the provisions of the Securities Act of 1933 and the Securities Exchange
        Act of 1934, each as amended, with respect to such plans and Executive’s grants
        and awards thereunder.

       

      6. Executive
        Benefits.
        Executive shall be entitled to participate in all benefit plans as shall
        be in
        effect for other executive officers of Company from time to time, subject
        to the
        terms and conditions of each such plan. Executive shall be entitled to paid
        vacation each year in accordance with Company policy. All vacation times
        shall
        be subject to the approval of the Company’s Chief Executive Officer or, absent
        the Chief Executive Officer, the Board of Directors, which approval may not
        be
        unreasonably withheld. 

       

      7. Expenses.
        Executive shall be reimbursed by the Company monthly for the ordinary and
        necessary reasonable business expenses incurred by him in the performance
        of his
        duties for the Company, including travel and lodging expenses, meals, client
        entertainment, and cell phone expense, all in accordance with Company policy;
        provided that Executive shall first document said business expenses in the
        manner generally required by the Company under its policies and procedures,
        and
        in any event, in the manner required to meet applicable regulations of the
        Internal Revenue Service relating to the deductibility of such
        expenses.

       

      8. Termination.
        

       

      This
        Agreement shall terminate upon the occurrence of any of the following events:
        

       

      A. Death
        of
        Executive;

       

      B. Mental
        or
        physical disability of Executive which prevents him from performing
        substantially all of his duties hereunder for a period of 90 consecutive
        days or
        120 days during any one year.

       

      C. For
        Cause, as defined below:

       

      1. The
        Executive's material breach of this agreement which is not cured within ten
        (10)
        days of receipt of written notice to Executive specifying the
        breach;

       

      2. The
        Executive's dishonesty, fraud, malfeasance, gross negligence or misconduct
        which, in the reasonable judgment of the Board of Directors, is, or is likely
        to, lead to material injury to the Company or the business reputation of
        the
        Company;

       

      3. The
        Executive's willful failure to comply with the direction (consistent with
        the
        Executive's duties) of the Board or to follow the policies, procedures, and
        rules of the Company;

       

      4. The
        Executive's negligent failure to comply with the direction (consistent with
        the
        Executive's duties) of the Board or to follow the policies, procedures, and
        rules of the Company which is not cured within thirty (30) days of receipt
        of
        written notice;

       

      5. Executive's
        conviction of, or the Executive's entry of a plea of guilty or no contest
        to, a
        felony or crime involving moral turpitude; or

       

      6. Executive’s
        resignation.

       

      D. By
        either
        party in their sole discretion upon at least thirty (30) days’ prior written
        notice.

       

      E. Without
        Cause. "Without Cause" means any termination of employment by Company which
        is
        not defined in sub-sections A, B, or C, above.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      9. Post
        Termination Payment Obligations.

       

      A. If
        this
        Agreement terminates for any of the reasons stated in sub-sections A, B or
        C of
        Section 8 of this Agreement or is terminated by Executive pursuant to subsection
        D of Section 8 of this Agreement, then the Executive shall be entitled to
        receive his Base Salary at the then current rate and any accrued bonus through
        the effective date of the termination, payable within fifteen (15) days of
        the
        effective termination date, and thereafter the Company shall have no further
        obligations under this Agreement, but Executive shall continue to be bound
        by
        Sections 12, 13, and 14 and all other post-termination obligations contained
        in
        this Agreement and provisions of this Agreement that specifically survive
        termination of this Agreement.

       

      B. If
        this
        Agreement terminates in accordance with sub-sections E of Section 8 of this
        Agreement or is terminated by Company pursuant to subsection D of Section
        8 of
        this Agreement then Company shall pay Executive his Base Salary at the then
        current rate and any accrued bonus through the effective termination date,
        payable within fifteen (15) days of the termination date and the Company
        shall
        pay Executive a separation payment in the amount of twelve months Base Salary
        at
        the then current rate (the “Separation Payment”). The Separation Payment shall
        be paid in three installments as follows:

       

      1. One-Third
        of the Separation Payment shall be payable upon the later of (a) fifteen
        (15)
        days after the termination date or (b) the day after the expiration date
        of
        Executive’s legally required right, if any, to revoke his signature or agreement
        in connection with the Separation and Release Agreement described in Section
        9(C) below;

       

      2. One-Third
        of the Separation Payment shall be payable on the six (6) month anniversary
        of
        the termination date; and

       

      3. One-Third
        of the Separation Payment shall be payable on the twelve (12) month anniversary
        of the termination date.

       

      The
        post-termination obligations under this Section 9(B) shall be binding upon
        the
        Company regardless of the Executive's subsequent employment with any other
        person, firm, partnership, association, business organization, corporation
        or
        other entity which is not affiliated with the Company.

       

      C. In
        consideration of, and as a condition to the Company’s obligation to pay the
        Separation Payment, Executive shall:

       

      1. Execute
        a
        Separation and Release Agreement in a form prepared by and acceptable to
        the
        Company whereby Executive releases the Company from any and all liability
        and
        settles claims of any kind; and

       

      2. Comply
        with the restrictive covenants (Sections 12 and 13 of this Agreement), all
        other
        post-termination obligations contained in this Agreement and the provisions
        of
        this Agreement that specifically survive termination of this
        Agreement.

       

      10. Work
        Product.
        All Work
        Product (defined below) shall be work made for hire by Executive and owned
        by
        the Company. If any of the Work Product may not, by operation of law or
        otherwise, be considered work made for hire by Executive for the Company,
        or if
        ownership of all right, title, and interest to the legal rights therein shall
        not otherwise vest exclusively in the Company, Executive hereby assigns to
        the
        Company, and upon the future creation thereof automatically assigns to the
        Company, without further consideration, the ownership of all Work Product.
        The
        Company shall have the right to obtain and hold in its own name copyrights,
        patents, registrations, and any other protection available in the Work Product.
        Executive agrees to perform, during or after termination of Executive's
        employment by the Company, such further acts as may be necessary or desirable
        to
        transfer, perfect and defend the Company's ownership of the Work Product
        as
        requested by the Company. "Work Product" means the data, materials, formulas,
        research, documentation, computer programs, communication systems, audio
        systems, system designs, inventions (whether or not patentable), and all
        works
        of authorship, including all worldwide rights therein under patent, copyright,
        trade secret, confidential information, moral rights and other property rights,
        created or developed in whole or in part by Executive, while employed by
        the
        Company, within the scope of Executive's employment or which otherwise relates
        in any manner to the Company's Business. 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      11. Set-Off.
        If at
        the time of termination of this Agreement for any reason, Executive has any
        outstanding obligations to the Company, Executive acknowledges that the Company
        is authorized to deduct from Executive's final paycheck and the Separation
        Payment any then documented amounts owed to the Company.

       

      12. Trade
        Secrets and Confidential Information.
        During
        the course of Executive's employment with the Company, the Company may disclose
        to Executive Trade Secrets and Confidential Information (defined below).
        The
        Trade Secrets and the Confidential Information of the Company are the sole
        and
        exclusive property of the Company (or a third party providing such information
        to the Company). The disclosure of the Trade Secrets and the Confidential
        Information of the Company to Executive does not give the Executive any license,
        interest or rights of any kind in the Trade Secrets or Confidential
        Information.

       

      A. Executive
        may use the Trade Secrets and Confidential Information solely for the benefit
        of
        the Company while Executive is an employee of the Company. Executive shall
        hold
        in confidence the Trade Secrets and Confidential Information of the Company.
        Except in the performance of services for the Company, Executive shall not
        reproduce, distribute, transmit, reverse engineer, decompile, disassemble,
        or
        transfer the Trade Secrets or the Confidential Information of the Company
        or any
        portion thereof. 

       

      B. The
        obligations under this Agreement with regard to the Trade Secrets of the
        Company
        remain in effect as long as the information constitutes a trade secret under
        applicable law. The obligations with regard to the Confidential Information
        of
        the Company shall remain in effect while Executive is employed by the Company
        and for a period of three (3) years thereafter. 

       

      C. Executive
        agrees to return to the Company, upon Executive's resignation, termination,
        or
        upon request by the Company, the Trade Secrets and Confidential Information
        of
        the Company and all materials relating thereto. 

       

      D. As
        used
        herein, "Trade Secrets" means information of the Company, and its licensors,
        suppliers, clients and customers, including, but not limited to, technical
        or
        non-technical data, formulas, patterns, compilations, programs, devices,
        methods, techniques, drawings, processes, financial data, financial plans,
        product plans, or a list of actual or potential customers or suppliers, which
        is
        not commonly known or available to the public and which information (i) derives
        economic value, actual or potential, from not being generally known to, and
        not
        being readily ascertainable by proper means by, other persons who can obtain
        economic value from its disclosure or use and (ii) is the subject of efforts
        that are reasonable under the circumstances to maintain its
        secrecy.

       

      As
        used
        herein, "Confidential Information" means information, other than Trade Secrets,
        that is treated as confidential, and that would potentially damage or interfere
        with, in any manner, the Company's business if disclosed. Confidential
        Information includes, but is not limited to, information concerning the
        Company's financial structure, pricing, revenue sharing, partner agreements,
        customer agreements, marketing plans, methods of operation, and internal
        operating procedures. 

       

      Notwithstanding
        the foregoing, the provisions of this sub-section D do not apply to (i)
        information which is general knowledge in the Company's industry, (ii)
        information that has been disclosed to Executive by third parties who are
        unrelated to the Company and who are not bound by agreements of confidentiality
        with respect thereto, and (iii) as Executive may be required to disclose
        by law
        but only to the extent required by law. 

       

      13. Restrictive
        Covenants.

       

      A. Non-competition.
        Executive agrees that for so long as Executive is employed by the Company
        and
        for a period of one (1) year thereafter, Executive will not, individually
        or on
        behalf of any person, firm, partnership, association, business organization,
        corporation or other entity engaged in the Business of the Company, engage
        in or
        perform, anywhere within the United States, Canada and any other such geography
        in which the Company operates, which shall constitute the territory, any
        activities which are competitive with the Business of the Company. Nothing
        herein shall be construed to prohibit Executive from acquiring shares of
        capital
        stock of any public corporation, provided that such investment does not exceed
        5% of the stock of such public corporation.

       

      B. Non-Recruit.
        Executive agrees that for so long as Executive is employed by the Company
        and
        for a period of one (1) year thereafter, Executive will not call upon, solicit,
        recruit, or assist others in calling upon, recruiting or soliciting any person
        who is an employee of the Company and with whom Executive had contact or
        became
        aware of by virtue of Executive's employment, for the purpose of having such
        person work for Executive or for any Client (as defined below) of the Company,
        or for any other person, firm, corporation or entity which is engaged in
        the
        Business (defined below).

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      C. For
        purposes of this Section 13, the term "Business" shall mean the business
        of the
        delivery of editorial content and product research related to consumer financial
        services delivered in print or over the Internet; and the term "Client" shall
        mean any individual or business entity which employs the Company for purposes
        of
        delivery of editorial content and product research related to consumer financial
        services delivered in print or over the Internet. 

       

      14. Injunctive
        Relief.

       

      Executive
        acknowledges that breach of the provisions of Sections 12, and/or 13 of this
        Agreement would result in irreparable injury and permanent damage to the
        Company, which prohibitions or restrictions Executive acknowledges are both
        reasonable and necessary under the circumstances, singularly and in the
        aggregate, to protect the interests of the Company. Executive recognizes
        and
        agrees that the ascertainment of damages in the event of a breach of Sections
        12
        and/or 13 of this Agreement would be difficult, and that money damages alone
        would be an inadequate remedy for the injuries and damages which would be
        suffered by the Company from breach by Executive. 

       

      Executive
        therefore agrees: (i) that, in the event of a breach of Sections 12 and/or
        13 of
        this Agreement, the Company, in addition to and without limiting any of the
        remedies or rights which it may have at law or in equity or pursuant to this
        Agreement, shall have the right to injunctive relief or other similar remedy
        in
        order to specifically enforce the provisions hereof; and (ii) to waive and
        not
        to (A) assert any defense to the effect that the Company has an adequate
        remedy
        at law with respect to any such breach, (B) require that the Company submit
        proof of the economic value of any Trade Secret, or (C) require that the
        Company
        post a bond or any other security. Nothing contained herein shall preclude
        the
        Company from seeking monetary damages of any kind, including reasonable fees
        and
        expenses of counsel and other expenses, in a court of law. 

       

      15. Survival.
        The
        provisions of Paragraphs 9 through 31 shall survive termination of this
        Agreement.

       

      16. Invalidity
        of Any Provision.
        It is
        the intention of the parties hereto that Sections 12 through 14 of this
        Agreement shall be enforced to the fullest extent permissible under the laws
        and
        public policies of each state and jurisdiction in which such enforcement
        is
        sought, but that the unenforceability (or the modification to conform with
        such
        laws or public policies) of any provision hereof shall not render unenforceable
        or impair the remainder of this Agreement which shall be deemed amended to
        delete or modify, as necessary, the invalid or unenforceable provisions.
        The
        parties further agree to alter the balance of this Agreement in order to
        render
        the same valid and enforceable.

       

      17. Waiver
        of Breach.
        The
        waiver by either party of a breach of any provision of this Agreement by
        the
        other shall not operate or be construed as a waiver of any subsequent
        breach.

       

      18. Successors
        and Assigns.
        This
        Agreement shall be binding upon and shall inure to the benefit of the Company,
        its successors and assigns, and the Company shall require any successors
        and
        assigns to expressly assume and agree to perform this Agreement in the same
        manner and to the same extent that the Company would be required to perform
        it
        if no such succession or assignment had taken place. Neither this Agreement
        nor
        any right or interest hereunder shall be assignable or transferable by
        Executive, his beneficiaries or legal representatives, except by will or
        by the
        laws of descent and distribution.

       

      19. License.
        To the
        extent that any pre-existing materials are contained in the materials Executive
        delivers to the Company or the Company's customers, and such preexisting
        materials are not Work Product, Executive grants to the Company an irrevocable,
        nonexclusive, worldwide, royalty-free license to: (i) use and distribute
        (internally or externally) copies of, and prepare derivative works based
        upon,
        such pre-existing materials and derivative works thereof and (ii) authorize
        others to do any of the foregoing. Executive shall notify Company in writing
        of
        any and all pre-existing materials delivered to the Company by
        Executive.

       

      20. Release.
        Executive acknowledges that Executive may provide the image, likeness, voice,
        or
        other characteristics of Executive or third parties ("Owner") in the services,
        materials, computer programs and other deliverables that Executive provides
        as a
        part of this Agreement ("Deliverables"). Executive hereby consents to the
        use of
        such characteristics of Executive by the Company in the products or services
        of
        the Company and releases the Company, its agents, contractors, licensees
        and
        assigns from any claims which Executive has or may have for invasion of privacy,
        right of publicity, defamation, copyright infringement, or any other causes
        of
        action arising out of the use, adaptation, reproduction, distribution,
        broadcast, or exhibition of such characteristics ("Release"). Executive
        represents that Executive has obtained the same Release in writing benefiting
        Company from all third party Owners whose characteristics are included in
        the
        Deliverables.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      21. Severability.
        If any
        provision or part of a provision of this Agreement shall be determined to
        be
        void and unenforceable by a court of competent jurisdiction, the remainder
        of
        this Agreement shall remain valid and enforceable.

       

      22. Costs
        of Enforcement.
        In the
        event either party breaches this Agreement, the breaching party shall be
        liable
        to the non-breaching party for all costs of enforcement, including reasonable
        attorneys' fees and court costs, in addition to all other damages and redress
        available in equity or at law.

       

      23. No
        Prior Agreements.
        Executive hereby represents and warrants to Company that the execution of
        this
        Agreement by Executive and Executive's employment by Company and the performance
        of Executive's duties hereunder shall not violate or be a breach of any
        agreement with a former employer, client or any other person or
        entity.

       

      24. Entire
        Agreement.
        This
        Agreement represents the entire understanding of the parties concerning the
        subject matter hereof and supersedes all prior communications, agreements
        and
        understandings, whether oral or written, relating to the subject matter hereof.
        The language contained herein shall be deemed to be that negotiated and approved
        by both parties and no rule of strict construction shall be
        applied.

       

      25. Modification.
        This
        Agreement may be modified only by agreement in writing signed by both Company
        and Executive.

       

      26. Governing
        Law.
        This
        Agreement shall be governed in all aspects by the laws of the State of Florida
        without regard to its rules governing conflicts of law.

       

      27. Section
        Headings.
        The
        section headings are included for convenience and are not intended to limit
        or
        affect the interpretation of this Agreement.

       

      28. Notice.
        Whenever
        any notice is required, it shall be given in writing addressed as
        follows:

       

      To
        Company:

      Bankrate,
        Inc.

      11760
        U.S. Highway One Suite 500

      North
        Palm Beach, Florida 33408

      Attention:
        Thomas R. Evans

       

      With
        a
        copy to:

      David
        G.
        Bates, Esq.

      Gunster
        Yoakley & Stewart, P.A.

      777
        South
        Flagler Drive, Suite 500

      West
        Palm
        Beach, FL 33401

      

      

      To
        Executive: 
        Edward
        J. DiMaria 

       

      Notice
        shall be deemed given and effective three (3) days after the deposit in the
        U.S.
        mail of a writing addressed as above and sent first class mail, certified,
        return receipt requested, or when actually received. Either party may change
        the
        address for notice by notifying the other party of such change in accordance
        with this Section. 

       

      29. Indemnification.
        The
        Company agrees, to the extent permitted by applicable law and the Company's
        Articles of Incorporation, to defend, indemnify and hold harmless Executive
        against any and all loss, damage, liability and expense, including, without
        limitation, reasonable attorneys' fees, disbursements court costs, and any
        amounts paid in settlement and the costs and expenses of enforcing this section
        of the Agreement, which may be suffered or incurred by Executive in connection
        with the provision of his services hereunder, including, without limitation,
        any
        claims, litigations, disputes, actions, investigations or other matters,
        provided that such loss, damage, liability and expense (i) arises out of
        or in
        connection with the performance by Executive of his obligations under this
        Agreement and (ii) is not the result of any material breach by Executive
        of his
        obligations hereunder, and provided further that Company shall be under no
        obligation to defend, indemnify or hold harmless Executive if Executive has
        acted with gross negligence or willful misconduct.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      In
        addition to the foregoing, Company agrees to provide Executive with coverage
        under a Directors & Officers insurance policy to the same extent as the
        Company currently provides its executive officers.

       

      30. Jurisdiction
        and Venue. 
        The parties acknowledge that a substantial portion of the negotiations,
        anticipated performance and execution of this Agreement occurred or shall
        occur
        in Palm Beach County, Florida.  Any civil action or legal proceeding
        arising out of or relating to this Agreement shall be brought in the courts
        of
        record of the State of Florida in Palm Beach County or the United States
        District Court, Southern District of Florida.  Each party consents to the
        jurisdiction of such Florida court in any such civil action or legal proceeding
        and waives any objection to the laying of venue of any such civil action
        or
        legal proceeding in such Florida court.  Service of any court paper may be
        effected on such party by mail, as provided in this Agreement, or in such
        other
        manner as may be provided under applicable laws, rules of procedure or local
        rules.

       

      JURY
        WAIVER. 
        IN ANY
        CIVIL ACTION, COUNTERCLAIM, OR PROCEEDING, WHETHER AT LAW OR IN EQUITY, WHICH
        ARISES OUT OF, CONCERNS, OR RELATES TO THIS AGREEMENT, ANY AND ALL TRANSACTIONS
        CONTEMPLATED BY THIS AGREEMENT, THE PERFORMANCE OF THIS AGREEMENT, OR THE
        RELATIONSHIP CREATED BY THIS AGREEMENT, WHETHER SOUNDING IN CONTRACT, TORT,
        STRICT LIABILITY, OR OTHERWISE, TRIAL SHALL BE TO A COURT OF COMPETENT
        JURISDICTION AND NOT TO A JURY.  EACH PARTY HEREBY IRREVOCABLY WAIVES ANY
        RIGHT IT MAY HAVE TO A TRIAL BY JURY.  ANY PARTY MAY FILE AN ORIGINAL
        COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY COURT, AS WRITTEN EVIDENCE
        OF
        THE CONSENT OF THE PARTIES TO THIS AGREEMENT OF THE WAIVER OF THEIR RIGHT
        TO
        TRIAL BY JURY.  NEITHER PARTY HAS MADE OR RELIED UPON ANY ORAL
        REPRESENTATIONS TO OR BY ANY OTHER PARTY REGARDING THE ENFORCEABILITY OF
        THIS
        PROVISION.  EACH PARTY HAS READ AND UNDERSTANDS THE EFFECT OF THIS JURY
        WAIVER PROVISION.  EACH PARTY ACKNOWLEDGES THAT IT HAS BEEN ADVISED BY ITS
        OWN COUNSEL WITH RESPECT TO THE TRANSACTION GOVERNED BY THIS AGREEMENT AND
        SPECIFICALLY WITH RESPECT TO THE TERMS OF THIS SECTION.

       

      IN
        WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
        day
        and year first above written.

       

      
        	EXECUTIVE:	 	 	COMPANY:
	 	 	 	 
	 	 	 	BANKRATE,
                INC.
	 	 	 	 
	/s/ EDWARD
                J.
                DIMARIA	 	 	/s/ THOMAS
                R.
                EVANS
	
                
Edward
                J. DiMaria	 	 	
                
Thomas
                R. Evans
                President
                  & CEO

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