Document:

EXHIBIT
      10.1

     

    SUBLEASE
      BETWEEN

    PARTMINER,
      INC., SUBLANDLORD

    AND

    FLAGSHIP
      HEALTHCARE MANAGEMENT, INC., SUBTENANT

     

    

    SUBLEASE
      made as of the 30th
      day of
      November, 2004, by and between PARTMINER, INC., a New York corporation, having
      an office at 80 Ruland Road, Melville, New York 11747 (hereinafter called
      "Sublandlord"), and FLAGSHIP HEALTHCARE MANAGEMENT, INC., a Delaware
      corporation, having an office at 645 Madison Avenue, 12th Floor, New York,
      NY
      10022 (hereinafter called "Subtenant").

    

    W
      I T N E
      S S E T H

    

    WHEREAS:

    

    A. By
      Standard Form of Loft Lease dated October 5, 2000, (which lease as the same
      has
      been or may be amended is hereinafter referred to as the "Overlease") 432 Park
      South Realty Co. LLC (hereinafter called "Overlandlord") leased to Sublandlord
      the entire 13th floor (hereinafter called the "Leased Space" or the “Premises”)
      in the building known as 432 Park Avenue South, New York, New York (hereinafter
      called the "Building") in accordance with the terms of the Overlease. A true
      and
      complete copy of the Overlease (from which certain terms which do not relate
      to
      Subtenant's obligations hereunder have been deleted) is annexed hereto as
Exhibit
      A.

    

    B. Sublandlord
      and Subtenant desire to consummate a subleasing of the Leased Space on terms
      and
      conditions contained in this agreement (hereinafter called the
      "Sublease").

    

    NOW,
      THEREFORE, in consideration of the mutual covenants and agreements hereinafter
      contained, it is hereby agreed as follows:

    

    l.

    1.1. Sublandlord
      hereby leases to Subtenant and Subtenant hereby hires from Sublandlord the
      Premises for a term (the "Sublease Term") to commence five (5) days after
      Sublandlord sends written notice to Subtenant by overnight courier for next
      day
      delivery that (i) the Sublandlord has received the Overlandlord’s consent to
      this Sublease, and (ii) the current subtenant has vacated the Premises and
      the
      Premises are vacant and available for Subtenant’s possession, provided
      Sublandlord may give said notice prior to the date of actual vacancy by the
      current subtenant, however, in no event shall the Sublease Commencement Date
      commence prior to vacant delivery of the Premises to Subtenant (hereinafter
      called the "Sublease Commencement Date") and to end on November 29, 2010
      (hereinafter called the "Sublease Expiration Date"), at an annual fixed rent
      (the “Fixed Rent”) of:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (i) Two
      Hundred Seventy Thousand and 00/100 Dollars ($270,000.00) per annum in equal
      monthly installments of Twenty Two Thousand Five Hundred and 00/100 Dollars
      ($22,500.00) per month during the period commencing sixty (60) days after the
      Sublease Commencement Date and ending on December 31, 2005,

    

    (ii) Two
      Hundred Seventy Eight Thousand One Hundred and 00/100 Dollars ($278,100.00)
      per
      annum in equal monthly installments of Twenty Three Thousand One Hundred Seventy
      Five and 00/100 Dollars ($23,175.00) per month during the period commencing
      on
      the January 1, 2006 and ending on December 31, 2006,

    

    (iii) Two
      Hundred Eighty Six Thousand Four Hundred Forty Three and 00/100 Dollars
      ($286,443.00) per annum in equal monthly installments of Twenty Three Thousand
      Eight Hundred Seventy and 25/100 Dollars ($23,870.25) per month during the
      period commencing on the January 1, 2007 and ending on December 31,
      2007,

    

    (iv) Two
      Hundred Ninety Five Thousand Thirty Six and 29/100 Dollars ($295,036.29) per
      annum in equal monthly installments of Twenty Four Thousand Five Hundred Eighty
      Six and 36/100 Dollars ($24,586.36) per month during the period commencing
      on
      the January 1, 2008 and ending on December 31, 2008,

    

    (v) Three
      Hundred Three Thousand Eight Hundred Eighty Seven and 37/100 Dollars
      ($303,887.37) per annum in equal monthly installments of Twenty Five Thousand
      Three Hundred Twenty Three and 95/100 Dollars ($25,323.95) per month during
      the
      period commencing on the January 1, 2009 and ending on December 31,
      2009,

    

    (vi) Three
      Hundred Thirteen Thousand Three and 99/100 Dollars ($313,003.99) per annum
      in
      equal monthly installments of Twenty Six Thousand Eighty Three and 67/100
      Dollars ($26,083.67) per month during the period commencing on the January
      1,
      2010 and ending on the Sublease Expiration Date,

    

    to
      be
      paid by Subtenant to Sublandlord at Sublandlord's office (or such other location
      as Sublandlord shall designate in writing) by check drawn on a bank which is
      a
      member of the New York Clearing House Association in advance, on the first
      day
      of each month during the Sublease Term without any set-off, off-set, abatement
      or reduction whatsoever, except that Subtenant shall pay the first monthly
      installment of annual fixed rent to Sublandlord upon the execution hereof which
      Sublandlord will apply to the first month’s annual fixed rent due
      hereunder.

    

    Any
      amount due from Subtenant to Sublandlord which is not paid when due shall bear
      interest at ten percent (10%) per annum (the “Default Rate”), from the date
      which is seven (7) days following the day such payment is due until paid, but
      the payment of such interest shall not excuse or cure any default by Subtenant
      under this Sublease. If Subtenant is more than five (5) days late in paying
      any
      installment of rent due under this Sublease, Subtenant shall further pay
      Sublandlord a late charge equal to five percent (5%) of the delinquent
      installment of rent. The parties agree that the amount of such late charge
      represents a reasonable estimate of the cost and expense that would be incurred
      by Sublandlord in processing each delinquent payment of rent by Subtenant and
      that such late charge shall be paid to Sublandlord as liquidated damages for
      each delinquent payment, but the payment of such late charge shall not excuse
      or
      cure any default by Subtenant under this Sublease. The parties further agree
      that the payment of late charges and the payment of interest provided for above
      are distinct and separate from one another in that the payment of interest
      is to
      compensate Sublandlord for the use of Sublandlord’s money by Subtenant, while
      the payment of a late charge is to compensate Sublandlord for the additional
      administrative expense incurred by Sublandlord in handling and processing
      delinquent payments.

     

    
      
         

      

      
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    1.2
       Fixed
      Rent includes payments due under the Lease by Sublandlord to Overlandlord for
      operating costs as provided in paragraph 124 of the Lease, and therefore
      Subtenant shall have no obligation to pay the same.

    

    2.

    2.1 Except
      as
      set forth in the Overlease, Subtenant shall not (a) assign this Sublease, nor
      (b) permit this Sublease to be assigned by operation of law or otherwise, nor
      (c) underlet all or any part of the Premises, nor (d) permit the Premises or
      any
      desk space therein to be occupied by any person(s) other than Subtenant, nor
      (e)
      pledge or encumber this Sublease, the term and estate hereby granted or the
      rentals hereunder. Subject to the terms of the Overlease and subject to
      Sublandlord’s consent, which shall not be unreasonably withheld, Subtenant shall
      have the right to assign this Sublease or sublet all of the Premises.
      Sublandlord’s consent shall not be required for an assignment of this Sublease
      or a further subletting of the Premises (in whole or in part) if such assignee
      or sub-sublessee is an affiliate or successor (as defined in Section 87D of
      the
      Overlease) of Subtenant.

     

    2.2 Notwithstanding
      anything the contrary contained in Section 2.1 above or in the Overlease, except
      for an assignment or sublet(s) as permitted by Section 87D of the Overlease
      or
      for subletting to any entity owned and controlled by Fred Nazem, Subtenant
      shall
      pay to Sublandlord one hundred percent (100%) of any profits or any other sums
      received (other than the proceeds of a sale of the Subtenant’s business
or
      other
      sums allocated to services rendered by Subtenant) by Subtenant from any
      sub-subtenant or assignees in excess of the Fixed Rent and additional rent
      payable from Subtenant to Sublandlord pursuant to the terms of this Sublease.
      In
      computing such sums due Sublandlord hereunder, Subtenant may deduct the
      reasonable out-of-pocket costs incurred for such assignment and/or subletting,
      such as broker and legal fees, fix-up costs and rent concessions.

    

    3.

    3.1 Except
      as
      herein otherwise expressly provided herein and except for the obligation to
      pay
      rent and additional rent under the Overlease, all of the terms, covenants,
      conditions and provisions in the Overlease are hereby incorporated in, and
      made
      a part of this Sublease, and such rights and obligations as are contained in
      the
      Overlease are hereby imposed upon the respective parties hereto, as the case
      may
      be; the Sublandlord herein being substituted for the Landlord named in the
      Overlease, and the Subtenant herein being substituted for the Tenant named
      in
      the Overlease; provided,
      however,
      that
      the Sublandlord herein shall not be liable for any defaults by Overlandlord;
      provided Sublandlord will join Subtenant, or to the extent that Subtenant cannot
      deal directly with Overlandlord, then notify any request of Subtenant to
      Overlandlord for repairs or other matters required of Overlandlord under the
      Lease at Subtenant’s sole cost and expense, however, there shall be no charge
      for ministerial acts such as giving notice. If the Overlease shall be terminated
      for any reason during the term hereof, then and in that event this Sublease
      shall thereupon automatically terminate and Sublandlord shall have no liability
      to Subtenant by reason thereof. Upon the termination of this Sublease, whether
      by forfeiture, lapse of time or otherwise, or upon the termination of
      Subtenant's right to possession, Subtenant will at once surrender and deliver
      up
      the Premises in condition and repair existing as of the Sublease Commencement
      Date, reasonable wear and tear and casualty excepted and nothing herein or
      in
      the Overlease shall require the Subtenant to restore the Premises to the
      condition it was in as of the Overlease Commencement Date. Notwithstanding
      any
      language to the contrary contained in this Sublease, Subtenant agrees that
      Sublandlord may at any time after the date hereof surrender the Overlease and
      the premises demised thereunder to Overlandlord, provided Overlandlord shall
      simultaneously deliver a written agreement to Subtenant providing that
      notwithstanding such surrender Overlandlord shall not disturb Subtenant's
      occupancy of the Premises pursuant to the same terms and conditions hereof
      at no
      additional cost to Subtenant,
      so long
      as Subtenant is not in default hereunder if Subtenant shall at Overlandlord's
      election either (i) attorn to Overlandlord as if Overlandlord were the
      Sublandlord hereunder or (ii) enter into a lease with Overlandlord for the
      remaining term of the Sublease on the same terms and conditions contained
      herein.
      In
      addition, Subtenant may, but shall not be obligated to, cure any monetary
      default of Sublandlord under the Overlease to preserve Subtenant’s rights to the
      Premises, and in any such case, the amounts expended by Subtenant in curing
      Sublandlord’s monetary default may be offset against the Fixed Rent or
      additional rents coming due under this Sublease.

     

    
      
         

      

      
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    3.2. For
      purposes of this Sublease, Articles 1, 52, 90,
      104,
      105, 107, 111, 125, 127, 129, 130, 131 and Exhibit A in the Overlease and all
      references in the Overlease to the aforesaid Articles or Exhibit of the
      Overlease together with rent in the preamble of Overlease, Articles 124
      (operating costs) and 62 (broker) of the Overlease shall not be deemed
      incorporated in or made a part hereof; and Subtenant shall have no obligations
      arising thereunder. 

    

    4.

    4.1 Subtenant
      has examined the Premises, is aware of the physical condition thereof, and
      agrees to take the same "as is," in its current condition and state of repair,
      with the understanding that there shall be no obligation on the part of
      Sublandlord to perform any work, supply any materials or incur any expense
      whatsoever in connection with the preparation of the Premises for Subtenant's
      occupancy thereof. Sublandlord shall have no obligations whatsoever to alter,
      improve, decorate, or otherwise prepare the Sublease Premises for Subtenant’s
      occupancy, except that on the Sublease Commencement Date, the Premises shall
      be
      vacant, there shall remain in the Premises the existing inventory (without
      representation or warranty of any kind by Sublandlord with respect to the
      condition of the same), as more particularly described on Exhibit
      "B"
      attached
      hereto, which shall become Subtenant's property.
      In
      furtherance thereof, Sublandlord represents that it has the authority to convey
      the Inventory to Subtenant and that the Inventory, when conveyed to Subtenant,
      will be owned by Subtenant free and clear of all liens and claims of any kind.
      On the Sublease Commencement Date, Sublandlord shall provide Subtenant with
      a
      bill of sale, with no representations or warranties of any type, for said
      inventory, in the form set forth as Exhibit "C" attached hereto.

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    5.

    5.1 Subtenant
      agrees that the Premises shall be occupied only as general and executive offices
      for Subtenant's business.

    

    6.

    6.1 This
      Sublease is conditioned upon the consent by Overlandlord to this Sublease,
      which
      consent shall be evidenced by Overlandlord's signature appended hereto or a
      separate consent in the form utilized by Overlandlord for such purposes.
      Sublandlord agrees to promptly submit this Sublease to Overlandlord for its
      consent and to pay all costs, expenses and fees due Overlandlord in connection
      with this consent. Should the Sublease Commencement Date not occur by January
      1,
      2005, provided said failure is not in any manner due to Subtenant, then
      Subtenant, at its option, may cancel this Sublease on or before January 15,
      2005
      and receive a prompt refund of all monies deposited or paid
      hereunder.

    

    6.2. Subtenant
      stipulates that it is familiar with the provisions of Article 119 of the
      Overlease. In the event that Overlandlord shall exercise any of its options
      pursuant to Article 119 of the Overlease with respect to the Premises upon
      Sublandlord's request for Overlandlord's consent to this Sublease, Sublandlord
      will so notify Subtenant and, upon receipt of such notification by Sublandlord,
      this Sublease shall be deemed to be null and void and without force or effect,
      and Sublandlord and Subtenant shall have no further obligations or liabilities
      to the other with respect to this Sublease, except that Sublandlord to promptly
      refund to Subtenant all monies paid or deposited by Subtenant to Sublandlord
      hereunder.

    

    6.3. Sublandlord
      makes no representation with respect to obtaining Overlandlord's approval of
      this Sublease and, in the event that Overlandlord notifies Sublandlord that
      Overlandlord will not give such approval, Sublandlord will so notify Subtenant
      and, upon receipt of such notification by Sublandlord of the disapproval by
      Overlandlord, this Sublease shall be deemed to be null and void and without
      force or effect, and Sublandlord and Subtenant shall have no further obligations
      or liabilities to the other with respect to this Sublease.

    

    6.4. Except
      as
      otherwise specifically provided herein, wherever in this Sublease Subtenant
      is
      required to obtain Sublandlord's consent or approval, Subtenant understands
      that
      Sublandlord may be required to first obtain the consent or approval of
      Overlandlord. If Overlandlord should refuse such consent or approval,
      Sublandlord shall be released of any obligation to grant its consent or approval
      whether or not Overlandlord's refusal, in Subtenant's opinion, is arbitrary
      or
      unreasonable. Subtenant agrees that Sublandlord shall not be required to dispute
      any determinations or other assertions or claims of Overlandlord regarding
      the
      obligations of Sublandlord under the Overlease for which Subtenant is or may
      be
      responsible under the terms of this Sublease. Should Sublandlord elect not
      to
      dispute any such determinations, assertions or claims by Overlandlord,
      Sublandlord hereby grants Subtenant the right to dispute the same in its own
      name without Sublandlord's consent and the right to resolve such disputes to
      its
      own satisfaction, provided that Subtenant shall bear any and all costs and
      expenses of any such dispute and/or settlement and provided further that
      Sublandlord shall not be bound without its consent, not to be unreasonably
      withheld or delayed, by any settlement, agreement or resolution reached by
      Subtenant and Overlandlord in regard to any such dispute, or by any decree,
      judgment or penalty resulting therefrom if such settlement agreement or
      resolution requires Sublandlord to incur any expense.

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    

    7.

    7.1. Subtenant
      acknowledges that all services, repairs, restorations, equipment to the Premises
      and access to the Building and for the Premises and any insurance coverage
      of
      the Building will in fact be provided by Overlandlord and Sublandlord shall
      have
      no obligation during the term of this Sublease to provide any such services,
      repairs, restorations, equipment, access to the Building or insurance. Subtenant
      agrees to look solely to Overlandlord for the furnishing of such services,
      repairs, restorations, equipment, access and insurance. Sublandlord shall in
      no
      event be liable to Subtenant nor shall the obligations of Subtenant hereunder
      be
      impaired or the performance thereof excused because of any failure or delay
      on
      Overlandlord's part in furnishing such services, repairs, restorations,
      equipment, access to the Building or insurance. If Overlandlord shall default
      in
      any of its obligations to Sublandlord with respect to the Premises, Subtenant
      shall be entitled to participate with Sublandlord in the enforcement of
      Sublandlord's rights against Overlandlord, but Sublandlord shall have no
      obligation to bring any action or proceeding to enforce Sublandlord's rights
      against Overlandlord. If, after written request from Subtenant, Sublandlord
      shall fail or refuse to take appropriate action for the enforcement of
      Sublandlord's rights against Overlandlord with respect to the Premises within
      a
      reasonable period of time considering the nature of Overlandlord's default,
      Subtenant shall have the right to take such action in its own name, and for
      that
      purpose and only to such extent, all of the rights of Sublandlord under the
      Overlease hereby are conferred upon and assigned to Subtenant and Subtenant
      hereby is subrogated to such rights to the extent that the same shall apply
      to
      the Premises. If any such action against Overlandlord in Subtenant's name shall
      be barred by reason of lack of privity, nonassignability or otherwise, Subtenant
      may take such action in Sublandlord's name provided Subtenant has obtained
      the
      prior written consent of Sublandlord, which consent shall not be unreasonably
      withheld or delayed, provided, Subtenant hereby agrees, that Subtenant shall
      indemnify and hold Sublandlord harmless from and against all liability, loss,
      damage or expense, including, without limitation, reasonable attorney's fees,
      which Sublandlord shall suffer or incur by reason of such action. 

    

    7.2. Anything
      contained in any provisions of this Sublease to the contrary notwithstanding,
      Subtenant agrees, with respect to the Premises, to comply with and remedy any
      default claimed by Overlandlord and caused by Subtenant and occurring on or
      after the Sublease Commencement Date, within the period allowed to Sublandlord
      as tenant under the Overlease, even if such time period is shorter than the
      period otherwise allowed in the Overlease, due to the fact that notice of
      default from Sublandlord to Subtenant is given after the corresponding notice
      of
      default from Overlandlord. Sublandlord agrees to promptly forward to Subtenant,
      upon receipt thereof by Sublandlord, a copy of each notice of default received
      by Sublandlord in its capacity as tenant under the Overlease or a copy of any
      governmental notice it receives pertaining to the Premises. Subtenant agrees
      to
      forward to Sublandlord, upon receipt thereof, copies of any notices received
      by
      Subtenant with respect to the Premises from Overlandlord or from any
      governmental authorities.

    

    8.

    8.1 Sublandlord
      warrants and represents to Subtenant the following:

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    

    (a)
       It
      is the
      holder of the interest of the tenant under the Overlease, 

    

    (b)
       The
      Overlease is in full force and effect, 

    

    (c)
       To
      the
      best of Sublandlord’s knowledge, there is no event now which is, or with the
      passage of time, the giving of notice and the expiration of applicable cure
      periods could be a default on the part of the Overlandlord and/or Sublandlord
      under the Overlease; and, to the best of Sublandlord’s knowledge, Overlandlord
      is not in default of any services required to be delivered to tenant under
      the
      Overlease;

    

    (d)
       Sublandlord
      has not received any notice from the Overlandlord;

    

    (e)
      Upon
      Overlandlord’s consent to this Sublease Agreement, Subtenant shall have the
      exclusive right to use and occupy the Premises subject only to the terms of
      the
      Overlease and the Sublease;

    

    (f)
       The
      party
      executing this Sublease Agreement on behalf of the Sublandlord and Subtenant
      represent that he/she has the authority to enter into this Sublease Agreement;
      and the execution and delivery of this Agreement is not in violation of any
      agreement by and between Sublandlord or Subtenant, as the case may be, and
      any
      third party, and the execution and delivery of this Sublease Agreement does
      not
      require the consent of any Court of competent jurisdiction, administrative
      agency or other third party other than the Overlandlord; and

    

    (g) That
      Exhibit A is a true and complete copy of the Overlease, and there are and have
      been no modifications or amendments to the Overlease.

    

    (h)
       That
      notwithstanding anything contained herein or elsewhere to the contrary,
      Subtenant shall not be required to perform any act, or incur any expense for
      anything that accrued in the Premises prior to the Sublease Commencement Date
      unless due to Subtenant; and Subtenant shall have no obligation for conditions
      in the Premises which pre-exist the Sublease Commencement Date as a result
      of
      Sublandlord or its prior subtenants/occupants use and occupancy.

    

    9.

    9.1 This
      Sublease is subject to, and Subtenant accepts this Sublease subject to, any
      amendments and supplements to the Overlease hereafter made between Overlandlord
      and Sublandlord, provided that any such amendment or supplement to the Overlease
      will not prevent or adversely affect the use by Subtenant of the Premises in
      accordance with the terms of this Sublease, increase the obligations of
      Subtenant or decrease its rights under the Sublease or in any other way
      materially adversely affect Subtenant.

    

    9.2. This
      Sublease is subject and subordinate to the Overlease and to all ground or
      underlying leases and to all mortgages which may now or hereafter affect such
      leases or the real property of which the Premises are a part and all renewals,
      modifications, replacements and extensions of any of the foregoing. This Section
      9.2 shall be self-operative and no further instrument of subordination shall
      be
      required. To confirm such subordination, Subtenant shall execute promptly any
      accurate certificate that Sublandlord may request.

     

    
      
         

      

      
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    10.

    10.1 Subtenant
      covenants, represents and warrants that Subtenant has had no dealings or
      communications with any broker or agent in connection with the consummation
      of
      this Sublease other than Williams Real Estate Co. Inc. and Newmark & Company
      Real Estate, Inc. (collectively, the “Broker”) and Subtenant covenants and
      agrees to pay, hold harmless and indemnify Sublandlord from and against any
      and
      all cost, expense (including reasonable attorneys' fees) or liability for any
      compensation, commissions or charges claimed by any broker or agent claiming
      to
      have dealt with Subtenant with respect to this Sublease or the negotiation
      thereof other than Broker. Sublandlord shall pay the Broker its commission
      pursuant to a separate agreement and shall hold Subtenant harmless from claims
      by Broker or from any compensation due any other broker that claims to have
      dealt with Sublandlord.

    

    11.

    11.1. Subtenant
      stipulates that it is familiar with the provisions of Article 113 of the
      Overlease. Commencing January 1, 2006, Subtenant shall pay as additional rent
      pursuant to this Sublease its share of Article 113 Rent (hereinafter called
      “Article 113 Rent”) based upon a modified base year of January 1, 2005 through
      December 31, 2005 (the “Modified Base Year”); it being the intention that
      Subtenant’s real estate tax contribution shall be equal to one hundred (100%) of
      increases in real estate taxes (as defined in Article 113 of the Overlease)
      over
      the real estate taxes imposed for the Modified Base Year. At any time after
      receipt by Sublandlord from Overlandlord of any Article 113 Rent statement,
      Sublandlord may deliver to Subtenant a statement with respect to the payment
      of
      the Article 113 Rent and, within twenty (20) days after delivery of such
      statement, Subtenant shall pay to Sublandlord additional rent determined as
      aforesaid in this Section 11.1. Additional rent payable pursuant to this Section
      11.1 shall be based solely upon actual payments made by Sublandlord pursuant
      to
      the provisions of Article 113 of the Overlease. Sublandlord shall be under
      no
      obligation to contest any such payment and Sublandlord shall furnish to
      Subtenant evidence of such payment.

    

    11.2 Subtenant
      shall also pay to Sublandlord any Tenant Surcharges (as that term is hereinafter
      defined). “Tenant Surcharges” shall mean any and all amounts other than Fixed
      Rent, Article 113 Rent and rent due under Article 124 of the Overlease which,
      by
      the terms of the Overlease, become due and payable by Sublandlord to
      Overlandlord as additional rent or otherwise from and after the Sublease
      Commencement Date (unless due to Subtenant) and which would not have become
      due
      and payable but for the acts, requests for services, and/or failures to act
      of
      Subtenant, its agents, officers, representatives, employees, servants,
      contractors, invitees, licensees or visitors under this Sublease, including,
      but
      not limited to: (i) any increases in Overlandlord's fire, rent or other
      insurance premiums, as provided in the Overlease, resulting from any act or
      omission of Subtenant, (ii) any additional charges to Sublandlord on account
      of
      Subtenant's use of heating, ventilation or air conditioning after hours, (iii)
      any charges which may be imposed on Sublandlord, to the extent that such charges
      are attributable to the Premises or the use thereof or services or utilities
      provided thereto from and after the Sublease Commencement Date (unless due
      to
      Subtenant), and (iv) any additional charges to Subtenant on account of
      Subtenant's use of cleaning and elevator services after hours or in excess
      of
      normal usage. Within a reasonable time after receipt by Sublandlord of any
      statement or written demand from Overlandlord including any Tenant Surcharges,
      Sublandlord will furnish Subtenant with a copy of such statement or demand,
      together with Sublandlord's statement of the amount of any such Tenant
      Surcharges, and Subtenant shall pay to Sublandlord the amount of such Tenant
      Surcharges within twenty (20) days after Subtenant's receipt of such statement
      or demand; provided,
      however,
      that in
      any instance in which Subtenant shall receive any such statement or demand
      directly from Overlandlord, Subtenant may pay the amount of the same directly
      to
      Overlandlord. Payments shall be made pursuant to this Section 11.2
      notwithstanding the fact that the statement to be provided by Sublandlord is
      furnished to Subtenant after the expiration of the term of this Sublease and
      notwithstanding the fact that by its terms this Sublease shall have expired
      or
      have been cancelled or terminated; provided that any such charges shall have
      accrued during the Sublease Term.

     

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    

    12.

    12.1 Any
      notice, demand or communication which, under the terms of this Sublease or
      under
      any statute or municipal regulation must or may be given or made by the parties
      hereto, shall be in writing and given or made by mailing the same by registered
      or certified mail, return receipt requested, or by reputable overnight courier,
      in each case addressed as follows (or addressed and sent to such other place
      as
      either party may from time to time designate in a notice to the
      other):

     

    
      
        
          	 	
                  Subtenant
                    (prior to Sublease

                	
                  Flagship
                    Healthcare Management, Inc.

                
	 	
                  Commencement
                    Date):

                	
                  645
                    Madison Avenue, 12th Floor

                
	 	 	
                  New
                    York, NY 10022

                
	 	 	
                  Attention:
                    Chief Financial Officer

                
	 	 	 
	 	
                  Subtenant
                    (subsequent to

                	
                  Flagship
                    Healthcare Management, Inc.

                
	 	
                  Sublease
                    Commencement Date):

                	
                  432
                    Park Avenue South, 13th
                    Floor

                
	 	 	
                  New
                    York, NY 10016

                
	 	 	
                  Attention:
                    Chief Financial Officer

                
	 	 	 
	 	
                  With
                    a copy of default notice to:

                	
                  Mandell,
                    Mandell, Okin & Edelman, LLP

                
	 	 	
                  3000
                    Marcus Avenue, Suite 2E7

                
	 	 	
                  Lake
                    Success, NY 11042

                
	 	 	
                  Attention:
                    Glen S. Edelman, Esq.

                
	 	 	 
	 	
                  Sublandlord:

                	
                  PartMiner,
                    Inc.

                
	 	 	
                  80
                    Ruland Road

                
	 	 	
                  Melville,
                    New York 11747

                
	 	 	
                  Attention:
                    Mr. Michael R. Manley

                
	 	 	 
	 	
                  With
                    a copy of default notice to:

                	
                  Until
                    November 11, 2004:

                
	 	 	
                  Morrison
                    Cohen Singer & Weinstein, LLP

                
	 	 	
                  750
                    Lexington Avenue

                
	 	 	
                  New
                    York, New York 10022

                
	 	 	
                  Attention:
                    Stephen Soleymani, Esq.

                
	 	 	 
	 	 	
                  After
                    November 11, 2004:

                
	 	 	
                  Morrison
                    Cohen LLP

                
	 	 	
                  909
                    Third Avenue

                
	 	 	
                  New
                    York, New York 10022

                
	 	 	
                  Attention:
                    Stephen Soleymani, Esq.

                
	 	 	 

        

      

    

    All
      notices shall be deemed to have been received upon receipt or refusal of
      receipt.

    

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    13.  

    13.1. Subtenant's
      use of electric current in the Premises shall not at any time exceed the
      capacity of any of the electrical conductors and equipment in or otherwise
      serving the Premises. Subtenant shall not make or perform or permit the making
      or performing of, any alterations to wiring installations or other electrical
      facilities in or serving the Premises without the prior consent of Overlandlord
      and Sublandlord in each instance. In no event shall any installation of
      additional lighting, electrical appliances and equipment result in an increase
      in Sublandlord's own expenses for electrical energy usage under the Overlease
      unless the same constitutes a Tenant Surcharge. Subtenant hereby agrees to
      pay
      all costs of operating such additional lighting, appliances and equipment,
      and
      agrees to indemnify Sublandlord for any and all costs that may be charged to
      Sublandlord by reason of Subtenant's installation or use of such additional
      lighting, appliances and equipment. If, as a condition to giving its consent
      to
      such installation, Overlandlord requires Sublandlord to pay for the additional
      facilities needed to provide the additional capacity, Subtenant will, as and
      when such payment or payments are required to be made, pay Sublandlord the
      amount of such payment or payments.

    

    13.2. Sublandlord
      shall not be liable in any way to Subtenant for any failure or defect in the
      supply or character of electric energy furnished to the Premises by reason
      of
      any requirement, act or omission of the public utility serving the Building
      with
      electricity or for any other reason not attributable to Sublandlord.

    

    14.

    14.1 Subtenant
      may make no changes, alterations, additions, improvements or decorations in,
      to
      or about the Premises without Sublandlord's prior written consent and, to the
      extent required by the Overlease, Overlandlord’s consent. Notwithstanding the
      foregoing, Subtenant may, in accordance with the terms of the Overlease, perform
      the following work in the Premises: paint the Premises, clean or replace the
      carpeting, install portable partitions, install mirror by 13th
      floor
      elevators and install additional lighting, if necessary.

    

    15.

    15.1 Intentionally
      deleted.

    

    16.

    16.1 So
      long
      as Subtenant pays all of the rent and additional rent due under this Sublease
      and performs all of Subtenant's other obligations hereunder, Sublandlord shall
      not disturb or terminate Subtenant's leasehold estate hereunder, subject,
      however, to the terms, provisions and obligations of this Sublease and the
      Overlease.

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    

    17.

    17.1 This
      Sublease may not be changed orally, but only by an agreement in writing signed
      by the party against whom enforcement of any waiver, change, modification or
      discharge is sought.

    

    17.2. This
      Sublease shall not be binding upon Sublandlord unless and until it is signed
      by
      Sublandlord and a fully-executed counterpart thereof has been delivered to
      Subtenant. This Section 17.2 shall not be deemed to modify the provisions of
      Article 6 hereof.

    

    17.3. This
      Sublease constitutes the entire agreement between the parties and all
      representations and understandings have been merged herein.

    

    17.4. This
      Sublease shall inure to the benefit of all of the parties hereto, their
      successors and (subject to the provisions hereof) their assigns.

    

    17.5. The
      term
      "Sublandlord" as used in this Sublease shall mean only the Sublandlord named
      herein, so that in the event of any assignment of the Overlease, the Sublandlord
      named herein shall be and hereby is entirely freed and relieved of all future
      covenants, obligations and liabilities of Sublandlord hereunder, and it shall
      be
      deemed and construed without further agreement between the parties or their
      successors in interest that the assignee of the Overlease has assumed and agreed
      to carry out any and all such covenants, obligations and liabilities of
      Sublandlord hereunder.

    

    17.6. Upon
      the
      expiration of the Sublease Term or any earlier termination of the Sublease,
      Subtenant shall remove Subtenant's property and surrender the Sublease Premises
      to Sublandlord broom-clean and in good condition, ordinary wear and tear and
      damage from causes beyond Subtenant's reasonable control excepted.

    

    If
      Subtenant retains possession of the Sublease Premises or any part thereof after
      the expiration of the Sublease Term or earlier termination of the Sublease,
      Subtenant shall become a tenant from month-to-month until such possession shall
      cease, and Subtenant shall pay to Sublandlord (i) an amount equal to two and
      one-half times the immediately preceding Fixed Rent for the time Tenant thus
      remains in possessions, (ii) an amount equal to two and one-half times the
      additional rent for such period, including any adjustment of rents pursuant
      to
      the Sublease, and (iii) all damages, consequential and direct, sustained by
      Sublandlord by reason of Subtenant's retention of possession.

    

    Nothing
      contained in the Lease shall be construed as a consent by Sublandlord to the
      occupancy or possession by Subtenant of the Sublease Premises beyond the
      expiration or prior termination of the Sublease Term, and Sublandlord, upon
      such
      expiration or prior termination of the Sublease Term shall be entitled to the
      benefit of all legal remedies now in force or hereafter enacted relating to
      the
      speedy repossession of the Sublease Premises.

     

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

    

     

    18.

    18.1 Subtenant
      shall deposit with Sublandlord on the signing of this Sublease, a clean,
      unconditional, irrevocable and transferable letter of credit (the “Letter of
      Credit”) in the amount of One Hundred Thirty Five Thousand and 00/100 Dollars
      ($135,000.00), satisfactory to Sublandlord, issued by and drawn on a bank
      satisfactory to Sublandlord, for a term of not less than one (1) year, as
      security for the faithful performance and observance by Subtenant of the terms,
      covenants, conditions and provisions of this Sublease, including, without
      limitation, the surrender of possession of the Premises to Sublandlord as herein
      provided. Notwithstanding the foregoing, two (2) years after the Sublease
      Commencement Date, the amount of such Letter of Credit shall be reduced to
      the
      sum of Seventy-One Thousand Six Hundred and 00/100 Dollars ($71,600.00);
      provided that, Subtenant has met or exceeded the following financial target:
      Subtenant's cash balance as of December 31, 2006 is equal to or exceeds the
      annualized, aggregated, cash burn rate of the third and fourth quarter of 2006.
      In the event the cash balance is lower than the annualized cash burn rate then
      the amount secured by the Letter of Credit will remain unchanged from the
      previous year. The cash burn rate will be equal to EBITDA as defined by GAAP,
      minus capital expenditures, debt and interest payments, equity distributions
      and
      dividends. If an event of default under this Sublease shall occur and be
      continuing after Sublandlord’s notice, if required hereunder, and the expiration
      of the applicable cure period, if any, Sublandlord may present the Letter of
      Credit for payment and apply the whole or any part of the proceeds thereof,
      as
      the case may be, (i) toward the payment of any fixed rent, Article 113 Rent,
      additional rent or any other item of rental as to which Subtenant is in default,
      (ii) toward any sum which Sublandlord may expend or be required to expend by
      reason of Subtenant’s default in respect of any of the terms, covenants and
      conditions of this lease, including, without limitation, any damage, liability
      or expense (including, without limitation, reasonable attorneys’ fees and
      disbursements) incurred or suffered by Sublandlord, and (iii) toward any damage
      or deficiency incurred or suffered by Sublandlord in the reletting of the
      Premises, whether such damages or deficiency accrue or accrues before or after
      summary proceedings or other re-entry by Sublandlord. If Sublandlord applies
      or
      retains any part of the proceeds of the Letter of Credit, Subtenant, upon
      demand, shall deposit with Sublandlord the amount so applied or retained so
      that
      Sublandlord shall have the full deposit on hand at all times during the Term.
      If
      Subtenant shall fully and faithfully comply with all of the terms, provisions,
      covenants and conditions of this Sublease, the Letter of Credit shall be
      returned to Subtenant after the end of the term of the Sublease, as same may
      be
      extended, and after delivery of possession of the Premises to Sublandlord.
      Subtenant shall not assign or encumber or attempt to assign or encumber the
      Letter of Credit and neither Sublandlord nor its successors or assigns shall
      be
      bound by any such assignment, encumbrance, attempted assignment or attempted
      encumbrance. Subtenant shall renew any Letter of Credit from time to time,
      at
      least thirty (30) days prior to the expiration thereof, and deliver to
      Sublandlord a new Letter of Credit or an endorsement to the Letter of Credit,
      and any other evidence required by Sublandlord that the Letter of Credit has
      been renewed for a period of at least one (1) year. If Subtenant shall fail
      to
      renew the Letter of Credit as aforesaid, Sublandlord may present the Letter
      of
      Credit for payment and retain the proceeds thereof as security in lieu of the
      Letter of Credit.

     

    
      
         

      

      
        -12-

        
          

        

      

      
         

      

    

     

    19.

    19.1
      Subtenant acknowledges that the Premises are now occupied by Niteo Partners,
      Inc. ("NPI") and that this Sublease is subject to the termination of the current
      sublease between NPI and PartMiner, Inc. and NPI's vacation of the
      Premises.

    

    20.

    20.1 If
      necessary, Sublandlord shall join in Subtenant’s initial request to Overlandlord
      (which shall be limited to writing a letter and making a telephone call to
      Overlandlord) to list Subtenant on the Building’s lobby directory, if
      any.

     

    
      
         

      

      
        -13-

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the parties have hereunto set their hands and seals as of
      the
      day and year first above written.

    

    

    PARTMINER,
      INC., Sublandlord

     

    By: 
      /s/
      Michael R. Manley

      
        

      

    

    Name:
      Michael R. Manley

    Title:
      President

     

    FLAGSHIP
      HEALTHCARE MANAGEMENT, INC., Subtenant

     

    By: 
      /s/
      Richard R. Howard

      
        

      

    

    Name:
      Richard R. Howard

    Title:
      President

     

    Landlord’s
      Consent and Acknowledgment:

    Landlord,
      432 Park South Realty Co., LLC, hereby consents to the above Sublease to
      Flagship Healthcare Management, Inc.

     

    Dated:
      November __, 2004

    Landlord

    432
      PARK
      SOUTH REALTY CO., LLC

     

    By:

      
        

      

    

    Name:

    Title:

     

    
      
         

      

        -14-CONSULTING
      AGREEMENT

    

    THIS
      CONSULTING AGREEMENT
      (the
“Agreement”) is entered into as of January 27, 2006, by and among SMARTVIDEO
      TECHNOLOGIES, INC.,
      a
      Delaware corporation (“Company”) and GROWTH
      CONSULTANTS, LLC
      (“Consultant”) and, solely for the purpose of Section 16 of this Agreement,
      N. John Simmons, Jr. ("Simmons"). 

    

    
      	 	
              1.

            	
              Term.
                This
                agreement shall be deemed effective as of January 18, 2006 and continue
                in
                force until June 30, 2006, unless either party terminates the agreement
                upon 30 days prior written notice.

            

    

    

    
      	 	
              2.

            	
              Payment
                by Company.
                (a) As consideration for its services, Company shall pay to
                Consultant a consulting fee of $100 per hour for services rendered
                by John
                Simmons plus reasonable travel and other expenses which shall be
                payable
                monthly within 14 days of month end. Consultant agrees to make John
                Simmons available for a minimum of 80 hours per month and will obtain
                written approval if its personnel will render more than 120 hours
                of
                service in any calendar month. Simultaneously with the execution
                of this
                Agreement, the Company will also issue to the Consultant ten-year
                warrants
                to purchase 300,000 shares of the Company’s common stock. The exercise
                price for each warrant shall be the lower of $3.00, the closing price
                on
                the day five business days immediately prior to the date of this
                Agreement
                or the average closing price for the 30 trading days ending five
                business
                days immediately prior to the date of this Agreement, and all such
                warrants will immediately vest. All such warrants shall be transferable
                by
                the Consultant and may be exercised from time to time prior to their
                expiration. The warrants shall contain a customary cashless exercise
                feature. The warrants and the shares underlying the warrants shall
                be
                covered by a registration statement filed no later than March 15,
                2006;
                provided however, if the Company files a registration statement after
                the
                date of this Agreement but prior to March 15, 2006 (the "Prior
                Registration Statement") then such warrants and shares shall be included
                in the Prior Registration Statement, (b) At the beginning of each
                subsequent quarter (starting April 1, 2006), the Company shall issue
                options under the same terms and conditions as set forth above (with
                the
                exception of pricing) to purchase 150,000 shares of the Company’s common
                stock to Simmons. On April 1, 2006, the exercise price of one-half
                of the
                options (i.e. for 75,000 shares) will be determined in the same method
                as
                the exercise price for the warrants for 300,000 shares above and
                the
                remaining options, as well as subsequent quarter grants of options
                for the
                entire 150,000 shares beginning July 1, 2006, will be priced at the
                lower
                of: (i)  the closing price on the day five business days immediately
                prior to the first business day of the quarter or (ii) the average
                closing price for the 30 trading days ending five business days prior
                to
                the first business day of the quarter. The options shall contain
                a
                customary cashless exercise feature. The shares underlying all of
                such
                options shall be covered by a registration statement on
                Form S-8.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	 	
              3.

            	
              Duties.
                Subject to the terms and conditions of this Agreement, Company engages
                Consultant to provide mutually agreed upon consulting and related
                services
                concerning accounting, finance, computer and other information systems,
                business strategies, administration and such other mutually agreed
                upon
                matters as are within the scope of Consultant’s expertise or experience.
                See Addendum I for a representative list of duties to be performed
                by
                Consultant. All of such services will be merely advisory in nature.
                The
                Company shall make all decisions as to whether to implement such
                advice.
                

            

    

    

    
      
        	 	
                4.

              	
                Other
                  Consulting.
                  Consultant and its principals may work for other persons or entities
                  during the term of this Agreement. The Company acknowledges that
                  the
                  Consultant is in the business of providing services to a wide range
                  of
                  entities. 

              

      

      
        	 	 	 

      

      
        	 	5.	Independent
                Contractor. In
                all matters relating to this Consulting Arrangement, Consultant shall
                be
                acting as an independent contractor. The Consultant (including its
                officers, directors, managers, employees and equityholders) shall
                not be
                deemed to be a partner, employee, officer or director of the
                Company.

      

    

     

    
      	 	
              6.

            	
              No
                Agency.
                Consultant
                shall have no authority to enter into any contracts or agreements
                binding
                upon Company, or to create any other obligations on the part of
                Company.

            

    

    

    
      
        -2-

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      
        	 	
                7.

              	
                Confidentiality.
                  During the term of this Agreement and for a period of three (3)
                  years
                  thereafter, Consultant and its officers, directors, managers, employees
                  and equityholders shall keep in strictest confidence and will not
                  disclose
                  or make accessible to any other person or entity without the prior
                  written
                  consent of the Company, the Company’s Confidential Information (as such
                  term is defined hereinafter). For purposes of this Agreement, Confidential
                  Information shall mean the Company’s products, services and technology,
                  both current and under development, promotion and marketing programs,
                  trade secrets, financial information and business plans.
                  

              

      

      
        	 	 	 

      

      
        	 	 	Notwithstanding
                the foregoing, Confidential Information does not include information
                which: (a) was known to the Consultant
                prior to disclosure of the Confidential Information, (b) is, or shall
                become other than by an act or omission of the Consultant, generally
                available to the public, (c) shall, by lawful means, be made available
                to
                the Consultant by a third party having a right to disclose it, and
                (d) is
                required to be disclosed by regulation, statute or court order; provided,
                however, that the Consultant takes all reasonable actions to provide
                the
                Company with prior notice so that the Company has an opportunity
                to obtain
                an order protecting the Confidential Information.

      

    

     

    
      	 	
              8.

            	
              Attorney’s
                Fees and Costs.
                In
                the event of any litigation arising out of or with respect to this
                Agreement, the non-prevailing party shall pay the costs of the prevailing
                parties including their reasonable attorneys’ fees incurred in connection
                therewith through and including the costs of any appeals and appellate
                costs relating thereto, and the reasonable attorneys’ fees and costs
                incurred in connection with any bankruptcy or collection proceeding.
                

            

    

    

    
      
        -3-

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	 	
              9.

            	
              Termination.
                This
                Agreement will terminate as outlined in paragraph 1
                above.

            

    

    

    
      
        	 	
                10.

              	
                Indemnification. Company
                  agrees to indemnify and hold harmless the Consultant, together
                  with its
                  officers, managers, directors, equityholders, employees and agents,
                  and
                  each person, if any, who controls the Consultant and any of its
                  affiliates
                  within the meaning of Rule 12(b)-2 under the regulations promulgated
                  under
                  the Securities Exchange Act of 1934, as amended (all of the foregoing
                  are
                  referred to collectively as “Indemnified Parties” and individually as an
                  “Indemnified Party”), from any and all losses, suits, actions, judgments,
                  penalties, fines, costs, damages, liabilities or claims of any
                  kind or
                  nature, whether joint or several, (including, without limitation,
                  any
                  reasonable legal or any other expenses as they are incurred by
                  an
                  Indemnified Party in connection with the preparation or defense
                  of any
                  action, claim or proceeding, whether or not resulting in any claim
                  or
                  liability) (all of the foregoing being collectively defined as
                  the
                  “Indemnified Claims”) to which such Indemnified Party may become subject
                  or liable or which may be incurred by or assessed against any Indemnified
                  Party under any statute, rule, regulation, case law, contract or
                  otherwise, relating to or arising out of any of: (a) any actions
                  or
                  omissions of the Company or anyone acting on the Company’s behalf,
                  including its employees, officers, advisors, directors and agents;
                  (b)
                  this Agreement or the services to be performed pursuant to the
                  Agreement;
                  (c) any securities, tax, corporate, or other filings of the Company;
                  (d)
                  any transactions regarding which any Indemnified Party renders
                  any advice
                  or service and (e) any action or inaction of the Consultant; provided,
                  however, that the Company shall not be liable to an Indemnified
                  Party in
                  any such case solely to the extent that any such Indemnified Claim
                  is
                  found, in a final, unappealable judgment by a court of competent
                  jurisdiction, to have resulted as a direct and proximate cause
                  from said
                  Indemnified Party’s willful misconduct or gross negligence in the
                  performance of services under this Agreement.

              

      

      
        	 	 	 

      

      
        	 	 	Promptly
                after a receipt by an Indemnified Party of notice of the occurrence
                of an
                Indemnified Claim, or any claim or the commencement of any action
                or
                proceeding in respect of which indemnity may be sought against Company,
                such Indemnified Party will notify Company in writing of the commencement
                thereof or such Indemnified Claim, and the Company shall immediately
                assume the full defense thereof (including the employment of counsel
                reasonably satisfactory to the Indemnified Party and the payment
                of the
                fees and expenses of such counsel). Notwithstanding the preceding
                sentence, the Indemnified Parties will be entitled to employ one
                legal
                counsel in such circumstance if the Indemnified Parties are advised
                in
                written opinion of counsel that a conflict if interest exists which
                makes
                representation by counsel chosen by Company not advisable. In such
                event,
                the reasonable fees and disbursements of one separate counsel for
                the
                Indemnified Parties will be paid by the Company, unless the Indemnified
                Parties are advised in a written opinion of counsel that it would
                be a
                conflict of interest for one legal counsel to represent all Indemnified
                Parties.

      

      
        	
              	 	 

      

      
        	 	 	If for any reason (other than as specifically
                provided
                herein) in the foregoing indemnity for an Indemnified Claim is unavailable
                to an Indemnified Party or insufficient to fully hold and Indemnified
                Party harmless, then Company shall contribute to the amount paid
                or
                payable by such Indemnified Party as a result of such Indemnified
                Claim in
                such proportion as it is appropriate to reflect the relative benefits
                received by and fault of Company on the one hand, and the relative
                benefits received by and fault of the Indemnified Party on the other
                hand,
                as well as any relevant equitable considerations. Notwithstanding
                any
                provisions herein to the contrary, the aggregate contributions of
                all of
                the Indemnified Parties for all Indemnified Claims shall not exceed
                the
                amount of compensation actually received by the Consultant pursuant
                to the
                Agreement. For the avoidance of any doubt, the value of the Warrants
                issued to the Consultant shall be included as part of the compensation
                paid to the Consultant for purposes of this Section 10. No Indemnified
                Party shall have any liability to Company or any other person in
                connection with the services rendered pursuant to this Agreement
                except
                for any liability for losses, claims, damages or liabilities finally
                judicially determined to have resulted from actions taken or omitted
                to be
                taken as a direct result of such Indemnified Party’s gross negligence or
                willful misconduct. The indemnity, contribution and expense reimbursement
                agreements and obligations set forth in the Agreement shall be in
                addition
                to any other rights, remedies or indemnification which any Indemnified
                Party may have or be entitles to at common law or otherwise, and
                shall
                remain operative and in full force and effect regardless of any
                investigation made by or on behalf of any Indemnified Party. Company
                further agrees that the indemnification and expense advance and
                reimbursement obligations set forth in this Agreement, shall apply
                whether
                or not the Consultant or any other Indemnified Party is a formal
                party
                under any such Indemnified Claim. Company will not be permitted to
                settle
                an Indemnified Claim without the prior consent of the Consultant
                or any
                Indemnified Party involved in such claim (which consent will not
                be
                unreasonable withheld). Company shall not, without prior written
                consent
                of an Indemnified Party, effect any settlement and pending or threatened
                action, suit or proceeding in respect of which an Indemnified Party
                is or
                could have been a party and indemnity could have been sought under
                this
                Agreement by such Indemnified Party, unless such settlement includes
                and
                unconditional release of such Indemnified Party from all liability
                on
                claims that are the subject matter of such action, suit or
                proceeding.

      

      
        	 	 	
              

      

      
        	 	 	It
                is further understood that this Company shall, within 30 days of
                written
                request by an Indemnified Party either: (a) reimburse such
                Indemnified Party for all reasonable expenditures paid by such Indemnified
                Party in the defense or investigation of any claims against him,
                her or it
                (including, without limitation, any reasonable attorneys fees and
                expenses
                at all levels of proceedings) or (b) advance of all funds necessary
                to pay
                the reasonable expenses of such indemnified party incurred in the
                defense
                or investigation of any claims against him, her or it (including,
                without
                limitation, reasonable attorneys fees and expenses at all levels
                of
                proceedings). 

      

      
        	 	 	
              

      

    

     

    
      
        -4-

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	 	
              11.

            	
              Notices.
                All notices under this Agreement shall be in writing and shall be
                hand
                delivered or sent certified or registered mail, return receipt requested,
                postage prepaid, and addressed to the party for whom it is intended
                as
                follows:

            

    

    

    If
      to the
      Company: 

    

    SmartVideo
      Technologies, Inc.

    3505
      Koger Boulevard

    Suite
      400

    Duluth,
      GA 30096

    Attention:
      President

    

    If
      to the
      Consultant:

    

    Growth
      Consultants, LLC

    140
      Fountain Parkway

    Suite
      420

    St.
      Petersburg, FL 33716

    Attention:
      Mr. N. John Simmons, Jr.

    

    
      	 	
              12.

            	
              Applicable
                Law.
                This Agreement shall be governed by and construed in accordance with
                the
                laws of the State of Georgia. Any claim or dispute arising out of,
                connected with, or in any way related to this Agreement. Any
                dispute arising out of or related to this Agreement shall be submitted
                to
                arbitration in Washington, D.C. before a single arbitrator (the
                "Arbitrator") selected in accordance with the rules and procedures
                of the
                American Arbitration Association, as the exclusive remedy of such
                dispute;
                provided, however, the provisional injunctive relief may, but not
                need be,
                sought in any court of law having jurisdiction while arbitration
                proceedings are pending, and any provisional injunctive relief granted
                by
                such court will remain effective until the matter is finally determined
                by
                the Arbitrator. Final resolution of any dispute through arbitration
                may
                include any remedy or relief which the Arbitrator deems just and
                equitable, including permanent injunctive relief or specific performance,
                or both, and the Arbitrator is under this Agreement empowered to
                award
                such relief. Any award or relief granted by the Arbitrator shall
                be final
                and binding on the Parties and may be enforced by any court having
                jurisdiction. The costs of such arbitration shall be apportioned
                in the
                Arbitrator's sole discretion, based upon the success of the Parties'
                claims.

            

    

    
    

     

    
      
        -5-

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        	 	
                13.

              	
                Headings.
                  The descriptive headings contained in this Agreement are for convenience
                  of reference only and shall not affect in any way the meaning or
                  interpretation of this Agreement. 

              

      

      
        	 	 	 

      

    

    
      
        	 	
                14.

              	
                Entire
                  Agreement.
                  This Agreement constitutes the entire agreement of the parties
                  hereto and
                  supersedes all prior agreements and understandings, whether oral
                  or in
                  writing, with respect to the subject matter hereof. This Agreement
                  may be
                  modified in writing and shall be enforceable in accordance with
                  the terms
                  when signed by both parties. 

              

      

      
        	 	 	 

      

    

    
      
        	 	
                15.

              	
                Counterparts.
                  This Agreement may be executed in one or more counterparts, each
                  of which
                  shall be deemed to be an original but all of which together shall
                  constitute one and the same instrument.

              

      

      
        	 	 	 

      

    

    
      	 	
              16.

            	
              Shares.
                None of the shares underlying the options and warrants granted pursuant
                to
                Section 2 of this Agreement may be sold prior to August 1,
                2006.

            

    

    

    [The
      balance of this page is intentionally left blank]

     

     

     

    
 

    
      
        -6-

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    SMARTVIDEO
      TECHNOLOGIES, INC.,  

    a
      Delaware corporation

    

    

    

    By:
      /s/ Richard E. Bennett,
      Jr.                            

    Richard
      E. Bennett, Jr., its President and CEO

    

    

    

    GROWTH
      CONSULTANTS, LLC,

    a
      Florida
      limited liability corporation

    

    

    

    By:
      /s/ N. John Simmons,
      Jr.                               

    Print
      Name:  N. John Simmons,
      Jr.                     
      

    Its:  
      President

    

     

    
      By:
        /s/ N. John Simmons,
        Jr.                               

    

    N.
      John
      Simmons, Jr., solely as to Section 16

    

    

     

    
      
        -7-

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Addendum
      I

     

    SmartVideo
      Technologies, Inc.

    Representative
      List of Consultant Duties

    

    

    

    Assist
      in
      the planning, management and execution of:

    

    Dell
      and
      other channel roll-outs including staffing, ad preparation, enrollment, customer
      service protocols, tracking and billing.

    

    Business
      plan including channel/customer models, projections and staffing.

    

    Recruiting
      and hiring of personnel.

    

    Selection
      and negotiation of content provider contracts.

    

    Design
      and execution of disaster recovery plan.

    

    Implement
      tracking of shareholder transactions and positions.

    

    Selection
      and installation of accounting systems.

    

    Preparation
      and analysis of customer surveys.

    

    Coordinate
      professional services including legal, audit and tax.

    

    Oversee
      investor relations services.

    

    Oversee
      human resource activities including employee benefits.

    

    Development
      of advertising sales plan.

    

     

    
      
        -8-

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