Document:

Exhibit
10.4

     

    CONSULTING
AGREEMENT

    
       

      
        

      

    

     

    THIS
CONSULTING AGREEMENT (this “Agreement”) is made
and entered into this 24th day of
March, 2010, and shall be effective as of the Closing Date (as such term is
defined in the Asset Purchase Agreement (as hereinafter defined)) (the “Effective Date”), by
and between Corporate Resource Development Inc., a Delaware corporation
(“Buyer”) and Eric Goldstein (the “Consultant”).
Capitalized terms used but not defined herein shall have the meanings ascribed
to them in the Asset Purchase Agreement (as defined below).

     

    W I T N E
S S E T H:

     

    WHEREAS,
Buyer has entered into a Foreclosure and Asset Purchase Agreement, on the date
hereof (the “Asset
Purchase Agreement”), with Rosenthal & Rosenthal, Inc., the
Consultant, GT Systems Inc. (“GT”), certain of GT’s
operating affiliates party thereto (the “Operating Affiliates”
and collectively with GT and the Consultant, “Obligors”), and
certain other persons party thereto;

     

    WHEREAS,
pursuant to the Asset Purchase Agreement, Buyer purchased assets relating to the
temporary and permanent placement of employees (excluding the business related
to the temporary and permanent placement of employees in the light industrial
industry and for translation and interpreting services, the “Business”);

     

    WHEREAS,
the Consultant has a 100% ownership interest in GT and the Operating Affiliates
and, pursuant to the Asset Purchase Agreement, transferred the goodwill
associated with the Purchased Assets;

     

    WHEREAS,
the Consultant has specialized and unique skills, knowledge and contacts with
respect to the Business; and

     

    WHEREAS,
Buyer desires to retain the Consultant as a consultant in order to assist Buyer
in the maintenance and development of the Business.

     

    NOW,
THEREFORE, in consideration of the terms and mutual undertakings herein
contained, Buyer and the Consultant hereby agree as follows:

     

    1. Consulting Services; Term;
Termination for Cause.  Commencing on the Effective Date and,
unless extended as provided herein, ending on the third anniversary of the
Effective Date (such period, the “Term”), the
Consultant agrees to make himself reasonably available to provide to Buyer the
consulting services (the “Consulting Services”)
described on Exhibit
A hereto. The Consultant shall provide such Consulting Services during
regular business hours and otherwise as and to the extent described on Exhibit A
hereto.  The Consultant shall report to the President and Chief
Executive Officer of Corporate Resource Services, Inc. (“CRS”) or such other
person acting in such capacity or such other senior executive officer of CRS as
may be acting in such capacity (such person to whom the Consultant shall report,
the “CEO”).  The
Consultant shall not have any responsibility or authority for the supervision or
management of the employees of CRS, Buyer or its subsidiaries.  The
Term may be extended by mutual agreement of the parties hereto in accordance
with Section 9(c).

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    Buyer may
end the Term at any time for Cause, effective upon delivery of prior written
notice to the Consultant.  For purposes of this Agreement, “Cause”
shall mean the Consultant’s (i) breach of his obligations set forth in Section 7
hereof, (ii) fraud or dishonesty in the course of the performance of his duties
hereunder, in either case resulting in material economic harm or material damage
to Buyer, or (iii) conviction or pleading guilty or nolo contendere to any
felony charge in connection with any acts committed by the Consultant on or
after the Effective Date.

     

    Upon the
expiration of the Term, (i) Buyer will pay (or cause to be paid) all accrued but
unpaid Consulting Compensation (as defined below) set forth on Exhibit A hereto and
expense reimbursements as of the date of such expiration; and (ii) this
Agreement will terminate except that Sections 3, 5, 6, 7 and 8 will continue in
full force and effect.

     

    2. Compensation and
Expenses.  As compensation for performing the Consulting
Services, Buyer will pay (or cause to be paid) to the Consultant the Consulting
Compensation set forth on Exhibit A hereto (the
“Consulting
Compensation”).  Buyer will reimburse the Consultant for any
and all reasonable, documented out-of-pocket expenses incurred by the Consultant
with Buyer’s prior written consent in performing the Consulting Services; provided, however, the
Consultant shall not be required to obtain such prior written consent with
respect to the incurrence of any expenses in performing the Consulting Services
of less than $500 in the aggregate per month.

     

    3. Confidentiality.  In
connection with performing the Consulting Services, the Consultant may come into
possession of information regarding Buyer and its parent, subsidiaries,
partners, manager, Affiliates and their respective representatives, agents,
employees, officers and directors (collectively, “Confidential
Information”).  During and after the Term, the Consultant
agrees to refrain from disclosing any Confidential Information to any person or
entity, except to the extent (i) required by law, regulation, subpoena or other
legal process or proceeding (and only after prior notice to Buyer); (ii)
required in connection with performing the Consulting Services; (iii)
Confidential Information is or becomes generally available to the public through
no action or omission of the Consultant; or (iv) Buyer has consented in writing
to such disclosure.  Upon the expiration of the Term or upon the
written request of Buyer, the Consultant will return to Buyer all Confidential
Information that has been provided to the Consultant.

     

    4. Independent Contractor
Status.  The relationship of the Consultant to Buyer in
performing the Consulting Services shall be that of an independent contractor,
and nothing contained in this Agreement shall create or imply a partnership,
joint venture, agency or employment relationship between the Consultant and
Buyer.  Without Buyer’s written consent, the Consultant, when acting
as a consultant under the terms of this Agreement, is not authorized to bind
Buyer or its parent or subsidiaries or to otherwise make any representation,
agreement or commitment on behalf of Buyer.  Buyer will not withhold
any federal, state or local payroll taxes or any state unemployment or similar
taxes in respect of the Consulting Compensation.  The Consultant will
be responsible for the payment of all applicable federal, state or local taxes
relating to the Consulting Compensation.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    5. Notices.  All
notices, requests, demands and other communications under this Agreement shall
be in writing, shall be addressed as follows, and shall be deemed to have been
duly given on the date of delivery:

     

    
      	
              If
      to Buyer:

            	 	
              Corporate
      Resource Development Inc.

            
	 
      	 	
              160
      Broadway, 15th
      Floor

            
	 
      	 	
              New
      York, New York 10038

            
	 
      	 	
              Telephone:  (212)
      346-7960

            
	 
      	 	
              Attention:  Jay
      Schecter

            
	 
      	 	 
      
	
              with
      a copy to:

            	 	
              Bryan
      Cave LLP

            
	 
      	 	
              1290
      Avenue of the Americas

            
	 
      	 	
              New
      York, NY 10104

            
	 
      	 	
              Telephone:
      (212) 541-2275

            
	 
      	 	
              Attention:
      Kenneth L. Henderson, Esq..

            
	 	 	 
	
              If
      to the Consultant:

            	 	
              Eric
      Goldstein

            
	 
      	 	
              64
      Osborn Road

            
	 
      	 	
              Harrison,
      New York. 10528

            
	 	 	 
	
              with
      a copy to:

            	 	
              Todtman,
      Nachamie, Spizz & Johns, P.C.

            
	 
      	 	
              425
      Park Avenue

            
	 
      	 	
              New
      York, New York  10022

            
	 
      	 	
              Telephone:
      (212) 754-9400

            
	 
      	 	
              Attention:  Alex
      Spizz, Esq.

            

    

     

    Either
party hereto may change its address for purposes of this Section 5 by giving the
other party hereto written notice of the new address in the manner set forth
above.

     

    6. Indemnity.  Except
to the extent caused by the negligence, fraud or intentional misconduct of the
Consultant or as a result of or in connection with a breach by the Consultant of
this Agreement, Buyer will indemnify and hold the Consultant harmless against
any and all liability of the Consultant arising out of any third party claim,
suit, action or proceeding (each a “Claim” and
collectively, “Claims”) in which the
Consultant is made a defendant so far as such Claim is based upon, with respect
to, or in connection with, or arises out of, results from, or relates to the
Consultant’s relationship with Buyer or the Consultant’s performance of the
Consulting Services, and shall pay all costs, including reasonable attorneys’
fees and expenses, incurred by or on behalf of the Consultant to defend such
Claims.  The Consultant shall not settle any matter that would give
rise to indemnification obligations of Buyer hereunder without Buyer’s prior
written approval.  It is expressly agreed and understood that the
indemnification obligation set forth in this Section 6 shall not apply to any
Excluded Liabilities (as such term is defined in the Asset Purchase Agreement)
or to any liability of Consultant arising or incurred prior to the Closing Date,
whether or not in connection with the Business.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    7. Non-Competition;
Non-Solicitation.

     

    
      	
               
      

            	
              (a)

            	
              The
      Consultant hereby acknowledges that he is familiar with the Business and
      the trade secrets and with other confidential information related to the
      Business.  The Consultant acknowledges and agrees that Buyer and
      General Employment would be irreparably damaged if the Consultant were to
      provide services to or otherwise participate in the business of any Person
      competing with the Business in a similar business and that any such
      competition by the Consultant would result in a significant loss of
      goodwill by Buyer and General Employment.  The Consultant
      further acknowledges and agrees that the covenants and agreements set
      forth in this Section 7 were good and sufficient consideration for the
      Consultant and were a material inducement to Buyer to enter into this
      Agreement and to perform its obligations hereunder, and that Buyer would
      not obtain the benefit of the bargain set forth in this Agreement as
      specifically negotiated by the parties hereto if the Consultant breached
      the provisions of this Section 7.  Therefore, the Consultant
      agrees, in further consideration of the Consulting Services and the
      goodwill of the Business sold by him, that during the three (3) year
      period after the Effective Date (the “Restricted
      Period”), the Consultant shall not (and shall cause his Affiliates
      not to) directly or indirectly own any interest in, manage, control,
      participate in (whether as an owner, officer, director, manager, employee,
      partner, agent, representative or otherwise), consult with, render
      services for, or in any other manner engage anywhere in New York, New
      Jersey, Pennsylvania, Connecticut, the District of Columbia and Florida
      (the “Restricted
      Territory”) in any business engaged directly or indirectly relating
      to the Business or the business engaged in by Buyer; provided that nothing
      herein shall prohibit the Consultant or any of his Affiliates from being a
      passive owner of not more than 2% of the outstanding stock of any class of
      a corporation which is publicly traded so long as none of such Persons has
      any active participation in the business of such corporation. The
      Consultant acknowledges that the Business and Buyer’s business have been
      conducted or are presently proposed to be conducted throughout the
      Restricted Territory and that the geographic restrictions and time
      periods, as well as all other restrictions and covenants contained in
      Section 7 are reasonable and necessary, and supported by good and valuable
      consideration, to protect the goodwill of Buyer’s business and the
      Business being transferred by Obligors pursuant to the Asset Purchase
      Agreement.

            

    

     

    
      	
               
      

            	
              (b)

            	
              The
      Consultant agrees that he shall not (and shall cause his Affiliates not
      to) directly, or indirectly through another Person during the Restricted
      Period, (i) induce or attempt to induce any employee of the Business, or
      any of their Affiliates to leave the employ of the Business, Buyer or any
      of their Affiliates, or in any way interfere with the relationship between
      the Business, Buyer or any of their Affiliates and any employee thereof,
      (ii) hire any person who was an employee of the Business, Buyer or any of
      their Affiliates at any time during the twelve-month period immediately
      prior to the date on which such hiring would take place (it being
      conclusively presumed by the parties so as to avoid any disputes under
      this Section 7(b) that any such hiring within such twelve-month period is
      in violation of clause (i) above), or (iii) call on, solicit or service
      any client, customer, supplier, licensee, licensor or other business
      relation of Buyer, the Business, or any of their Affiliates (including any
      Person that was a client, customer, supplier or other potential business
      relation of Buyer, the Business, or any of their Affiliates at any time
      during the twelve month period immediately prior to such call, solicit or
      service), induce or attempt to induce such Person to cease doing business
      with the Business, Buyer or any of their Affiliates, or in any way
      interfere with the relationship between any such customer, supplier,
      licensee, licensor or business relation and the Business, Buyer or any of
      their Affiliates (including making any negative statements or
      communications about the Business, Buyer or any of their
      Affiliates).

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (c)

            	
              If,
      at the time of enforcement of the covenants contained in this Section 7
      (the “Restrictive
      Covenants”), a court shall hold that the duration, scope or area
      restrictions stated herein are unreasonable under circumstances then
      existing, the parties agree that the maximum duration, scope or area
      reasonable under such circumstances shall be substituted for the stated
      duration, scope or area and that the court shall be allowed and directed
      to revise the restrictions contained herein to cover the maximum period,
      scope and area permitted by law.  The Consultant has consulted
      with legal counsel regarding the Restrictive Covenants and based on such
      consultation has determined and hereby acknowledges that the Restrictive
      Covenants are reasonable in terms of duration, scope and area restrictions
      and are necessary to protect the goodwill of the Business, Buyer’s
      business and the substantial investment in the Business made by General
      Employment and Buyer under the Asset Purchase
  Agreement.

            

    

     

    
      	
               
      

            	
              (d)

            	
              If
      the Consultant or an Affiliate of the Consultant breaches, or threatens to
      commit a breach of, any of the Restrictive Covenants, Buyer shall have the
      following rights and remedies, each of which rights and remedies shall be
      independent of the others and severally enforceable, and each of which is
      in addition to, and not in lieu of, any other rights and remedies
      available to Buyer at law or in equity: (i) the right and remedy to have
      the Restrictive Covenants specifically enforced by any court of competent
      jurisdiction, it being agreed that any breach or threatened breach of the
      Restrictive Covenants would cause irreparable injury to the Business and
      Buyer and that money damages would not provide an adequate remedy to Buyer
      and that a bond of no more than $250 is sufficient to any action by Buyer
      for temporary or injunctive relief; and (ii) the right and remedy to
      require the Consultant to account for and pay over to Buyer any profits,
      monies, accruals, increments or other benefits derived or received by such
      Person as the result of any transactions constituting a breach of the
      Restrictive Covenants.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (e)

            	
              In
      the event of any breach or violation by the Consultant of any of the
      Restrictive Covenants, the time period of such covenant shall be tolled
      until such breach or violation is
resolved.

            

    

     

    
      	
               
      

            	
              (f)

            	
              Nothing
      contained in this Agreement shall prohibit the Consultant and any
      Affiliates of the Consultant, from (i) collecting any receivables of
      Obligors arising from the operation of the Business prior to the closing
      of the Asset Purchase Agreement, (ii) winding down the business of
      Obligors (other than the Business sold pursuant to the Asset Purchase
      Agreement), or (ii) actively participating or engaging in the business of
      the Excluded Industries.

            

    

     

    8. Assignment of Intellectual
Property.

     

    
      	
               
      

            	
              (a)

            	
              The
      Consultant will promptly disclose to Buyer any concept, idea, invention,
      discovery, improvement or material, whether subject to intellectual
      property protection or not, in any and all forms whatsoever (“Creations”),
      conceived or made by him, alone or with others at any time during its
      consultancy.  The Consultant agree that Buyer owns any such
      Creations, conceived or made by the Consultant alone or with others at any
      time during his consultancy, and the Consultant hereby assigns and agrees
      to assign to Buyer all rights he has or may acquire therein and agrees to
      execute any and all applications, assignments and other instruments
      relating thereto which Buyer deems necessary or
      desirable.  These obligations shall continue beyond the
      termination of his consultancy with respect to Creations and derivatives
      of such Creations conceived or made during his service with
      Buyer.  The Consultant understands that the obligation to assign
      Creations to Buyer shall not apply to any Creation which is developed
      entirely on the Consultant’s own time without using any of Buyer’s
      equipment, supplies, facilities, and/or Confidential Information unless
      such Creation (a) relates in any way to the Business or to the current or
      anticipated research or development of Buyer or any of its Affiliates
      (except any Creations which relate to the business of the Excluded
      Industries); or (b) results in any way from his work at
    Buyer.

            

    

     

    
      	
               
      

            	
              (b)

            	
              The
      Consultant will not assert any rights to any concept, material, invention,
      discovery, idea or improvement, in any and all forms whatsoever, relating
      to the business of Buyer or any of its Affiliates or to his duties
      hereunder as having been made or acquired by the Consultant prior to his
      work for Buyer, except for the matters, if any, described in Exhibit B to
      this Agreement.

            

    

     

    
      	
               
      

            	
              (c)

            	
              During
      the Term, if  the Consultant incorporates into a product or
      process of Buyer or any of its Affiliates anything listed or described in
      Exhibit
      B, Buyer is hereby granted and shall have an exclusive,
      royalty-free, irrevocable, perpetual, worldwide license (with the right to
      grant and authorize sublicenses) to make, have made, modify, use, sell,
      offer to sell, import, reproduce, distribute, publish, prepare derivative
      works of, display, perform publicly and by means of digital audio
      transmission and otherwise exploit as part of or in connection with any
      product, process or machine.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (d)

            	
              The
      Consultant agrees to cooperate fully with Buyer, both during and after the
      Consultant’s service with Buyer, with respect to the procurement,
      maintenance and enforcement of copyrights, patents, trademarks and other
      intellectual property rights (both in the United States and foreign
      countries) relating to such Creations which are owned by Buyer
      hereunder.  The Consultant shall sign all papers, including,
      without limitation, copyright applications, patent applications,
      declarations, oaths, formal assignments, assignments of priority rights
      and powers of attorney, which Buyer may deem necessary or desirable in
      order to protect its rights and interests in any Creations.  The
      Consultant further agrees that if Buyer is unable, after reasonable
      effort, to secure the necessary signature on any such papers, any officer
      of Buyer shall be entitled to execute such papers as its, his or her agent
      and attorney-in-fact and the Consultant hereby irrevocably designates and
      appoints each officer of Buyer as its attorney-in-fact to execute any such
      papers on its behalf and to take any and all actions as Buyer may deem
      necessary or desirable in order to protect its rights and interests in any
      Creations, under the conditions described in this
    paragraph.

            

    

     

    9. Miscellaneous.

     

    
      	
               
      

            	
              (a)

            	
              Governing
      Law.  This Agreement shall be governed by, and construed
      in accordance with, the laws of the State of New York applicable to
      contracts executed in and to be performed entirely in that State, without
      regard to conflicts of laws principles thereof to the extent that the
      general application of the laws of another jurisdiction would be required
      thereby.  The parties hereto hereby irrevocably submit to the
      jurisdiction of any state or federal court sitting in the County of New
      York, State of New York, in any action or proceeding arising out of or
      relating to this Agreement, and the parties hereby irrevocably agree that
      all claims in respect of such action or proceeding may be heard and
      determined exclusively in such state or federal court.  The
      parties hereto hereby irrevocably waive, to the fullest extent permitted
      by law, any objection which they or any of them may now or hereafter have
      to the laying of the venue of any such action or proceeding brought in any
      such court, and any claim that any such action or proceeding brought in
      any such court has been brought in an inconvenient
  forum.

            

    

     

    
      	
               
      

            	
              (b)

            	
              Severability.  The
      provisions of this Agreement shall be deemed severable and the invalidity
      or unenforceability of any provision shall not affect the validity or
      enforceability of the other provisions
hereof.

            

    

     

    
      	
               
      

            	
              (c)

            	
              Waivers and
      Amendments.  This Agreement may be amended, modified,
      superseded, canceled, renewed or extended, and the terms and conditions
      hereof may be waived, only by a written instrument executed by each of the
      parties hereto or, in the case of a waiver, by the party waiving
      compliance.  The failure of any party hereto at any time or
      times to require performance of any provision hereof shall in no manner
      affect the right at a later time to enforce such provision.  No
      waiver by any party of the breach of any term or covenant contained in
      this Agreement, whether by conduct or otherwise, in any one or more
      instances, shall be deemed to be, or construed as, a further or continuing
      waiver of any such breach, or a waiver of the breach of any other term or
      covenant contained herein.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (d)

            	
              Entire
      Agreement.  This Agreement constitutes the entire
      agreement between the parties hereto with respect to the subject matter
      hereof and supersedes all other prior agreements and understandings, both
      written and oral, between the parties with respect to the subject matter
      hereof.

            

    

     

    
      	
               
      

            	
              (e)

            	
              Assignment.  The
      Consultant may not assign this Agreement, or any right or obligation
      hereunder, without the prior written consent of Buyer.  Any such
      attempted assignment shall be null and void. Notwithstanding the
      foregoing, (i) this Agreement shall inure to the benefit of the
      Consultant’s estate and heirs and (ii) Consultant may, without the prior
      written consent of Buyer within 60 days of the Effective Date, assign his
      right to the Consulting Compensation hereunder to an Affiliate of the
      Consultant.  Upon receipt of written notice from the Consultant
      designating the Affiliate to which such right to the Consulting
      Compensation has been assigned, Buyer shall thereafter pay the Consulting
      Compensation directly to such Affiliate of the
  Consultant.

            

    

     

    
      	
               
      

            	
              (f)

            	
              Audit
      Rights.  Buyer shall deliver to the Consultant, not less
      than once per calendar quarter, a detailed calculation of gross sales
      applicable to the preceding quarter. Upon delivery of the calculation of
      gross sales to the Consultant, Buyer shall provide the Consultant and his
      representatives, at the Consultant’s sole expense and not more often than
      once per calendar quarter, with reasonable access to the books, records
      and financial information relating to the Business and the Purchased
      Assets, to the extent reasonably necessary for the Consultant’s evaluation
      of the gross sales.  The Consultant may dispute the calculation
      of gross sales by notifying Buyer of such disagreement in writing, setting
      forth in reasonable detail the particulars of such disagreement (including
      supporting calculations), within thirty (30) calendar days after the
      Consultant’s receipt of the determination of gross sales.  In
      the event that the Consultant does not provide such a notice of
      disagreement within such thirty (30) calendar day period, the Consultant
      shall be deemed to have accepted the calculation of gross sales delivered
      by Buyer, which shall then be final, binding and conclusive for all
      purposes hereunder.  In the event any such notice of
      disagreement is provided within such thirty (30) calendar day period,
      Buyer and the Consultant shall use their commercially reasonable efforts
      for a period of thirty (30) calendar days to resolve any disagreements
      with respect to the calculation of gross sales.  If the parties
      are unable to resolve such disagreements and if the items that remain in
      dispute at the end of such thirty (30) calendar day period (the
      “Unresolved Items”) (x) total less than $10,000, then the Unresolved Items
      shall be deemed to have been resolved by Buyer and the Consultant by
      splitting equally the amount of such Unresolved Items, and the calculation
      of gross sales shall be finally modified so as to reflect such resolution
      of the Unresolved Items; or (y) total at least $10,000, then, within
      thirty (30) calendar days thereafter, either Buyer or the Consultant may
      submit the dispute to binding arbitration before the American Arbitration
      Association in New York, New York, and a final and conclusive
      determination of gross sales shall be made by a single
      arbitrator.  All costs or expenses incurred by either Buyer or
      the Consultant (including attorneys’ fees) in connection with such
      arbitration shall be the sole responsibility of the party incurring such
      costs or expenses.

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (g)

            	
              Death and Disability
      Benefits.  If the Consultant dies during the Term, all
      Consulting Compensation to which the Consultant is entitled shall be paid,
      during the remainder of the Term, in accordance with the terms of this
      Agreement (including the timing of such payments included herein), to such
      Affiliate of the Consultant as shall have been theretofore designated by
      the Consultant pursuant to Section 9(e) hereof, or, in the absence of any
      such designation, to the Consultant’s estate or a beneficiary designated
      by the Consultant.  If the Consultant becomes disabled during
      the Term such that he is unable to provide the Consulting Services, all
      Consulting Compensation to which the Consultant is entitled shall be paid,
      during the remainder of the Term, in accordance with the terms of this
      Agreement (including the timing of such payments included herein), to such
      Affiliate of the Consultant as shall have been theretofore designated by
      the Consultant pursuant to Section 9(e) hereof, or, in the absence of any
      such designation, to the Consultant.  Notwithstanding anything
      to the contrary herein or in any Exhibit hereto, and for the avoidance of
      any doubt, the inability of Consultant to provide Consulting Services
      hereunder by reason of death or disability shall not be a defense to the
      payment of any and all Consulting Compensation
  hereunder.

            

    

     

    
      	
               
      

            	
              (h)

            	
              Counterparts.  This
      Contract may be executed in duplicate counterparts, each of which shall be
      deemed an original hereof.

            

    

     

    *   *   *   *

     

    [Signature
Page Follows]

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement
on the date first above written.

     

    
      
        	 	
                CORPORATE
      RESOURCE DEVELOPMENT INC.

              
	 	 	 
	
              	
                By:
      

              	
                /s/
      Jay H. Schecter

              
	 	 	
                
                  Name: Jay H.
      Schecter

                

              
	 	 	
                
                  Title: Chief Executive
      Officer

                

              
	 	 	 

      

    

     

    
      	 
      	
              CONSULTANT:

            
	 
      	 
      
	 
      	
              
                /s/
      Eric
      Goldstein

              

            
	 
      	
              Name: Eric
      Goldstein

            

    

     

    CRS
hereby unconditionally guarantees to the Consultant (or its assignee) the due
and punctual payment of all compensation payable by Buyer to the Consultant (or
its assignee) hereunder.  The foregoing guaranty of CRS is a guaranty
of payment and not a guaranty of collection.

     

    
      
        	 	
                CORPORATE
      RESOURCE SERVICES, INC.

              
	 	 	 
	
              	
                By:
      

              	
                /s/
      Jay H. Schecter

              
	 	 	Name:
      Jay
      Schecter 
	 	 	Title: 

      

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
A

     

    CONSULTING
SERVICES.  The Consulting Services shall consist of the
following services that Buyer may request from time to time during the
Term:

     

    
      
        	
              	
                1.

              	
                Functioning
      as consultant to Buyer with respect to the business of Buyer and the
      Business.

              

      

    

    
       

      
        	
              	
                2.

              	
                Consulting
      services with respect to general administration and oversight with respect
      to the business of Buyer and the Business, including maintaining customer
      and client relationships.

              

      

    

    
       

      
        	
              	
                3.

              	
                It
      is understood that the services of the Consultant will not require his
      full time or attention or regular attendance at the offices of Buyer and
      that the Consultant may engage in other business activities in accordance
      with this Agreement, including without limitation, Section 7
      hereof.  Except in the case of death or disability, the
      Consultant shall be required to devote a minimum of 20 hours per week,
      during forty-six (46) weeks in each calendar year, to providing the
      Consulting Services.

              

      

    

    

    CONSULTING
COMPENSATION.  In consideration of performing the Consulting
Services, Buyer will pay (or cause to be paid) to the Consultant the following
Consulting Compensation during the Term:

     

    
      	
               
      

            	
              1.

            	
              Annual
      base compensation: $200,000, paid in accordance with Buyer’s payroll
      practices, but not less frequently than twice per
  month.

            

    

     

    
      	
               
      

            	
              2.

            	
              Periodic
      sales-based compensation: Buyer shall pay to the Consultant, not less
      frequently than twice per month, 0.4% of the gross sales applicable to
      each pay period.

            

    

     

    
      	
               
      

            	
              3.

            	
              Annual
      sales-based compensation:  With respect to each twelve-month
      period during the Term (the first such period beginning on the Effective
      Date), Buyer shall pay to the Consultant 0.6% of the portion, if any, of
      the gross sales that exceeds $80,000,000 in such twelve-month
      period.  Payment of such amount shall be made within thirty (30)
      days from the end of the applicable twelve-month period and based upon
      Buyer’s preliminary financial information available at such time (such
      payment, the “Preliminary Payment”), provided, however, that
      upon completion of the preparation of Buyer’s audited annual financial
      statements, any difference between the Preliminary Payment and the amount
      due in accordance with such audited financial statements (the “Final
      Annual Amount”) shall be paid (a) by Buyer to Consultant, in the event the
      Preliminary Payment is less than the Final Annual Amount, or (b) by
      Consultant to Buyer, in the event the Preliminary Payment is greater than
      the Final Annual Amount.

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
B

     

    
      
        
        

      

      
        12Exhibit
10.5

    SERVICES
AGREEMENT

     

    This
SERVICES AGREEMENT (this
“Agreement”) is made and entered into as of March 29, 2010 and shall be
effective as of the Effective Date (as hereinafter defined) by and between CORPORATE RESOURCE DEVELOPMENT
INC., a Delaware corporation (“CRD”), and NOOR ASSOCIATES, INC., a New
York corporation (“Noor”).  CRD, Noor and HN (as hereinafter defined)
are each referred to individually as a “Party” and collectively as the
“Parties.”

     

    BACKGROUND

     

    WHEREAS, CRD has extensive
back office capabilities to service the business of temporary staffing (the
“Business”);

     

    WHEREAS, Noor is engaged in
the Business;

     

    WHEREAS, Noor is 100% owned by
Habib Noor (“HN”);

     

    WHEREAS, HN is also an
employee of CRD;

     

    WHEREAS, the terms of HN’s
employment with CRD are governed by that certain Employment Agreement, dated as
of the date hereof and effective as of the Effective Date, between HN and CRD
(the “Employment Agreement”);

     

    WHEREAS, the Parties would not
be entering into this Agreement without also entering into the Employment
Agreement;

     

    WHEREAS, Noor desires that CRD
will be the employer of record of temporary staffing employees for the Business
of Noor (the “Temporary Employees”) and provide certain back office services in
support of the Business; and

     

    NOW, THEREFORE, in
consideration of the mutual covenants herein and for good and valuable
consideration, receipt of which is hereby acknowledged, the Parties agree as
follows.

     

    AGREEMENT

     

    1.           Service Provider’s
Obligations.

     

    1.1            Services
Generally.  Subject to the terms and conditions of this
Agreement, during the Term (as hereinafter defined), CRD or an affiliate or
designee thereof (the “Service Provider”) will be the employer of record of the
Temporary Employees and provide the back-office services set forth on Schedule 1
attached hereto (the “Services”) to Noor.  Payroll to the Temporary
Employees will be paid by the Service Provider on the day of the week which Noor
instructs such payroll to be paid. Without limiting the rights of the Service
Provider with respect to its Temporary Employees, Noor shall have full right to
direct Service Provider concerning the Temporary Employees in full compliance
with applicable laws, including, with respect to hiring and firing; provided,
however, Service Provider may terminate such Temporary Employees for cause
without the consent of Noor.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    1.2            Service Provider
Responsibility.  Notwithstanding anything to the contrary in
this Agreement, all Services shall be performed, and all information shall be
delivered, in good faith.

     

    1.3            Compliance with
Laws.  The Service Provider shall provide the Services in
accordance in all material respects with all applicable laws.  The
Service Provider shall not be obligated to provide, or cause to be provided, any
Service if the provision of such Service would require it or any of its
employees, agents or representatives to violate any applicable law.

     

    1.4            Service
Data.  Noor is responsible, from and after the date of this
Agreement, for (a) the accuracy and completeness of all data submitted by Noor
to the Service Provider for processing or transmission in connection with the
Services, and (b) any errors in and with respect to data or information obtained
from the Service Provider to the extent caused by inaccurate or incomplete data
submitted by Noor.

     

    1.5            Treatment of
Employees.  All employees and representatives of the Service
Provider, including, without limitation, Temporary Employees, are considered,
for purposes of all compensation and employee benefits matters to be employees
or representatives of Service Provider, as applicable, and not employees or
representatives of Noor.  CRD agrees to indemnify, defend and hold
harmless Noor from any and all claims, demands, liabilities, costs and expenses
resulting from (a) claims by governmental agencies or others for taxes or other
contributions allegedly due with respect to the employees of CRD and (b) claims
by the employees of CRD for benefits.  CRD’s obligation to indemnify
Noor with respect to Temporary Employees is limited to the Services and services
directed by Noor.

     

    2.           Noor’s
Obligations.

     

    2.1            Compliance with Laws and
Policies.  Each Party agrees to comply with all applicable laws
in the provision of the Services.  Noor agrees to (a) comply with any
policies and reasonable instructions provided by the Service Provider that are
necessary or desirable for the Service Provider to provide the Services in
accordance with this Agreement, and (b) make available to the Service Provider
the books and records of Noor to the extent necessary for the Service Provider
to perform its obligations under this Agreement, including without limitation,
its obligations set forth in Section 3 hereto.

     

    2.2            Cooperation.  In
order to enable the Service Provider to provide the Services, Noor will provide
the Service Provider with cooperation and assistance as the Service Provider
reasonably requests as required to facilitate provision of the
Services.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    3.           Compensation.

     

    3.1            Compensation of Service
Provider.  All fees generated from clients of Noor shall be the
property of Noor. As compensation for the Services provided under the terms of
this Agreement, Noor shall pay CRD a fee equal to the first 20% of the gross
payroll (the “Fee”) for each client of Noor that has been generated by Noor plus
CRD’s cost of payroll taxes actually paid or payable (but excluding FICA (Social
Security/Medicare), FUTA (Federal unemployment insurance), SUTA (state
unemployment insurance) & workers compensation) (the “Payroll
Amounts”). Noor
will be entitled to the remaining billed amount (the “Remainder”) in accordance
with Section 3.3 below.  By way of example only, (a) if Noor has
generated gross payroll to a client of $100,000 with a mark-up of 36% or
$36,000, CRD will be entitled to the first 20% of the payment or $20,000 and
Noor shall be entitled to the remaining $16,000; (b) If the mark-up on a payroll
to a client of $100,000 is only 20% then CRD shall be entitled to the entire 20%
of the payment or $20,000 and Noor shall not be entitled to any Remainder; and
(c) if the mark-up on a gross payroll of $100,000 is 50% or $50,000, then CRD
will be entitled to 20% or $20,000 and Noor would be entitled to the remaining
30% or $30,000. 

     

    3.2            Payment.  (a)  CRD
shall off-set the Fee and the Payroll Amounts from any and all amounts that the
Service Provider bills for Noor as part of the Services pursuant to the terms of
this Agreement and shall pay Noor the excess generated on an accrual basis. Any
shortfall in collections shall result in an adjustment in computing the
Remainder as provided in Section 3.3, but Noor in no event shall be liable to
pay Service Provider for any shortfall.

     

    (b)           Starting
on the Effective Date, within 20 days of the end of each quarter thereafter, CRD
shall remit or cause the Service Provider to remit to Noor the Reconciliation
Amount (as defined below).

     

    3.3            Reconciliation
Amount.  At the end of each three-month anniversary during the
Term, beginning on the Effective Date, CRD shall calculate the “Reconciliation
Amount” as follows:  Revenues (as such term is defined in the
Employment Agreement), if any, up to, but not in excess of
$525,000,  plus the Remainder, if any,
minus
$600,000.  By way of example only, if Revenues equal $525,000 and the
Remainder equals $800,000, then the Reconciliation Amount shall equal $725,000
((525,000 + 800,000 = 1,325,000) – 600,000 = 725,000).  In the event
that the Reconciliation Amount is a negative number, it shall be deemed to be $0
for purposes of this Agreement.  Notwithstanding the foregoing, the
Parties acknowledge and agree that the Bonus (as such term is defined in the
Employment Agreement) is not factored into the calculation of the Reconciliation
Amount.  In the event that the Employment Agreement is terminated, CRD
shall no longer calculate the Reconciliation Amount but shall remit the
Remainder to Noor in accordance with the terms of Section 3.2(b)
above.  Any account amount not paid within ninety (90) days of the
billing date shall be deducted in computing the Remainder and added back if
later collected.

     

    3.4            Audit
Rights.  (a) Noor shall have the right, at its sole expense, at
reasonable business hours and upon three (3) Business Days’ notice, and no more
than four (4) times per year, at the place where such records are normally
maintained, to inspect, audit, examine and make copies of such books and records
and all other documents and material in the possession or control of CRD
regarding the Reconciliation Amount or any Services performed, each to the
extent reasonably necessary for Noor’s evaluation of the Reconciliation Amount
and any other amounts calculated in connection therewith.  All such
books and records shall be retained by CRD for the period required by law, but
not less than four (4) years.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (b)            Noor
shall have the right during business hours at all reasonable times to review and
receive copies of records in connection with any reasonable inquiry relating to
the conduct of the Business of Noor upon reasonable notice.

     

    3.5            Expenses.  Except
as otherwise expressly provided in this Agreement, each Party will bear its own
costs and expenses incurred in the performance of this Agreement (it being
understood that expenses shall not include expenses for the provision of
services that are payable under this Agreement).

     

    4.           Confidentiality.

     

    4.1            Confidentiality
Obligations.  During the term of this Agreement, a Party
(“Recipient”) may be provided with, have access to, or otherwise learn
confidential and/or proprietary information of another Party (“Discloser”)
(including, with respect to Discloser, certain information and materials
concerning Discloser’s business, plans, customers, technology, and products)
that is of substantial value to Discloser, which is identified as confidential
at the time of disclosure or which should reasonably be considered, under the
circumstances of its disclosure, to be confidential to Discloser (“Confidential
Information”).  All Confidential Information remains the property of
Discloser.  Recipient may disclose the Confidential Information of
Discloser only to Recipient’s employees and contractors who need to know the
Confidential Information for purposes of performing under this Agreement and who
are bound by confidentiality obligations that are at least as protective as this
Section
4.  Recipient will not use the Confidential Information without
Discloser’s prior written consent except in performance under this
Agreement.  Recipient shall take measures to maintain the
confidentiality of the Confidential Information equivalent to those measures
Recipient uses to maintain the confidentiality of its own confidential
information of like importance but in no event less than reasonable
measures.  Recipient shall give prompt notice to Discloser of any
unauthorized use or disclosure of the Confidential Information that comes to the
attention of the Recipient and agrees to assist Discloser in remedying such
unauthorized use or disclosure.  Upon termination or expiration of
this Agreement, Recipient shall return to Discloser all tangible copies of
Confidential Information of Discloser in Recipient’s possession or control and
shall erase from their computer systems all electronic copies thereof. Service
Provider acknowledges and agrees that all information referred to in Section
7.16 is Confidential Information and the property of Noor.

     

    4.2            Exceptions.  The
confidentiality obligations do not extend to Confidential Information which (a)
becomes part of the public domain without the fault of Recipient; (b) is
rightfully obtained by Recipient from a third party who Recipient reasonably
believes has the right to transfer such information without obligation of
confidentiality; (c) is independently developed by Recipient without reference
to or use of Discloser’s Confidential Information; or (d) was lawfully in the
possession of Recipient at the time of disclosure, without restriction on
disclosure.  In addition, Recipient may disclose Confidential
Information of Discloser as may be required by law, a court order, or a
governmental agency with jurisdiction, on condition that before making that
disclosure Recipient first notifies Discloser to give Discloser an opportunity
to seek confidential treatment or seek a protective order or otherwise limit the
disclosure, and cooperates with Discloser if Discloser as reasonably
requested.  If any portion of the Confidential Information falls
within any of the above exceptions, the exception will apply only to that
specific portion and the remainder of Discloser’s Confidential Information will
continue to be subject to the confidentiality requirements of this
Agreement.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    4.3            Access to Computer
Systems.  If a Party is given access to any equipment,
computer, software, network, electronic files, or electronic data storage system
owned or controlled by the other Party, such accessing Party will limit such
access and use solely to provide or receive Services under this Agreement and
shall not access or attempt to access any equipment, computer, software,
network, electronic files, or electronic data storage system, other than those
specifically required to provide or receive the Services.  All user
identification numbers and passwords disclosed to a Party and any Confidential
Information obtained by a Party as a result of their access to and use of any
equipment, computers, software, networks, clean-rooms electronic files, and
electronic data storage systems owned or controlled by the other Party, is
deemed to be, and will be treated as, Confidential Information under applicable
provisions of this Agreement.  The Parties agree to cooperate in the
investigation of any apparent unauthorized access  to any equipment,
computer, software, network, clean-room, electronic file, or electronic data
storage systems owned or controlled by the other Party, or any apparent
unauthorized release of Confidential Information.

     

    4.4            Injunctive
Relief.  The Parties hereto acknowledge and agree that a Party
would suffer irreparable harm for which monetary damages would be an inadequate
remedy if there were a breach by the other Party of its obligations under this
Section 4.  The
Parties hereto further acknowledge and agree that equitable relief, including
injunctive relief, is appropriate to protect a Party’s rights and interests if a
breach were to arise, be threatened, or be asserted, and such Party is entitled
to the entry of an order for immediate injunctive relief.

     

    5.           Limitations of
Liability.

     

    5.1            Consequential Damages
Waiver.  IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR ANY LOSS
OF PROFIT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES
ARISING OUT OF OR RELATING TO THIS AGREEMENT.

     

    5.2            Basis of the
Bargain.  EACH PARTY ACKNOWLEDGES THAT THE MUTUAL LIMITATIONS
OF LIABILITY CONTAINED IN THIS SECTION 5
REFLECT THE ALLOCATION OF RISK SET FORTH IN THIS AGREEMENT AND THAT NO PARTY
WOULD ENTER INTO THIS AGREEMENT WITHOUT THESE LIMITATIONS ON
LIABILITY.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    6.           Term and
Termination.

     

    6.1            Term of
Agreement.  Except for the provisions of Section 7 which shall
be effective as of the date hereof, this Agreement shall be effective (the
“Effective Date”) on the date on which the transactions contemplated by that
certain Foreclosure and Asset Purchase Agreement dated as of March 24, 2010 (the
“Asset Purchase Agreement”) by and among CRD as Buyer, Rosenthal &
Rosenthal, Inc., a New York corporation, as Secured Party Seller, GT Systems
Inc., a New York corporation (“GT”) and certain of GT’s operating affiliates
party thereto, as Borrowers and Obligors, Eric Goldstein, as an Obligor, and
Corporate Resource Services, Inc, a Delaware corporation and Tri-State
Employment Services, Inc., a Nevada corporation, each as a Guarantor are
consummated and become effective (such date, the “Effective Date”) and, unless
terminated earlier by the mutual agreement of the Parties or pursuant to Section
6.2 below, will continue for a period of three years thereafter (such period of
time, the “Term”).  Noor hereby acknowledges and agrees that nothing
in this Agreement shall be deemed to obligate CRD to consummate the transactions
contemplated by the Asset Purchase Agreement pursuant to the terms thereof of or
otherwise.  In the event that the Asset Purchase Agreement is
terminated, the provisions set forth in Sections 7 shall remain in full force
and effect.  If the Asset Purchase Agreement is terminated
and  CRD or any affiliate thereof enters into an agreement for a
transaction substantially similar to the transaction contemplated by the Asset
Purchase Agreement with the parties thereto, then this Agreement shall become
effective on the date on which the transactions contemplated by such agreement
are consummated and become effective.  In the event CRD fails to
consummate the transactions contemplated by the Asset Purchase Agreement within
ninety (90) days from the date hereof, Noor upon three (3) business days notice
to CRD (the “Notice Date”) shall have the right to deem this Agreement to be of
no further force and effect, except for the provisions set
forth in Section 7 which shall remain in effect.  If CRD consummates
the transactions contemplated by the Asset Purchase Agreement after the Notice
Date, CRD shall immediately notify Noor of such event and Noor then shall have
the right upon ten (10) business days notice to CRD that Noor either is deeming
this entire Agreement effective as of the closing date thereof or that this
Agreement shall remain of no force and effect, other than Section 7 which shall
remain in effect.  If Noor fails to deliver such notice within such
10-business day period, other than Section 7, this Agreement will continue to
have no further force or effect.

     

    6.2            Termination.  A
Party may terminate this Agreement immediately, upon written notice, as
follows:  (a) upon the institution by or against the other Party of
insolvency, receivership or bankruptcy proceedings or any other proceedings for
the settlement of the other Party’s debts, which case is not dismissed within 60
days of filing; (b) upon the other Party’s making an assignment for the benefit
of creditors; or (c) upon the other Party’s dissolution or ceasing to conduct
business in the normal course, or the other Party’s failure to pay its debts as
they mature in the ordinary course of business.  CRD may terminate
this Agreement in the event that HN’s employment with CRD is terminated for
Cause (as such term is defined in the Employment Agreement).  Noor may
terminate this Agreement in the event that HN terminates his employment with CRD
for Good Reason (as such term is defined in the Employment Agreement) or HN’s
employment is terminated due to death or Disability (as defined in the
Employment Agreement) of HN, or CRD terminates HN’s employment without
Cause.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    6.3            Effect of
Termination.  Upon termination or expiration of this Agreement
for any reason, (a) the Service Provider will cooperate with Noor in
transitioning all work in progress to Noor, or Noor’s designee, and will
otherwise cooperate with Noor as reasonably requested to prevent disruption to
Noor’s business and operations; and (b) each Party shall return to the other
Party or certify in writing to the other Party that it has destroyed all
documents and other tangible items that it or its employees, contractors and
agents have received or created pertaining, referring or relating to the
Confidential Information of the other Party furnished under this Agreement, and
erase or destroy all electronic or magnetic records in computer memory, tape or
other media containing any Confidential Information, provided however a party
may retain on a confidential basis copies of documents required to comply with
legal obligations.  Upon termination or expiration of this Agreement,
Service Provider shall immediately deliver all Confidential Information to Noor
and terminate all Temporary Employees in accordance with all applicable
law.  Termination of this Agreement shall not limit either Party from
pursuing any other remedies available to it at law or in
equity.  Neither Noor, on the one hand, nor the Service Provider, on
the other hand, will be liable to the other because of any proper termination of
this Agreement for compensation, reimbursement, or damages for the loss of
prospective profits, anticipated sales or goodwill.  The provisions of
this Agreement that by their nature continue and survive will survive any
termination or expiration.  The Parties hereto acknowledge and agree
that so long as the Service Provider is providing Services, even in the event
that this Agreement has been terminated and the work in progress is being
transitioned in accordance with clause 6.3(a) above, the provisions of Section 3
shall apply for so long as any Services are being performed by the Service
Provider.  Sections 7.13, 7.14 and 7.15 shall survive any termination
or expiration of this Agreement.

     

    7.           General.

     

    7.1            Notices.  All
notices and other communications under this Agreement shall be in writing and
shall be deemed given (a) when delivered personally by hand (with written
confirmation of receipt) or (b) one business day following the day sent by
nationally-recognized overnight courier (with written confirmation of receipt),
in each case at the following addresses (or to such other address as a Party may
have specified by notice given to the other Party pursuant to this
provision):

     

    if to
Noor:

     

    115
Overlook Road

    Pamona,
NY  10970

    Telephone:

    

    with a
copy to:

     

    Tannenbaum
Helpern Syracuse & Hisschtritt LLP

    900 Third
Avenue

    New York,
NY  10022

    Telephone:  212-508-6700

    Attention:  Joel
A. Klarreich, Esq.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    if to
CRD:

     

    Corporate
Resource Development Inc.

    160
Broadway, 11th
Floor

    New York,
NY  10038

    Telephone:
(212) 346-7960

    Attention:  Jay
Schecter

     

    with a
copy to:

     

    Bryan
Cave LLP

    1290
Avenue of the Americas

    New York,
New York  10104

    Telephone:
(212) 541-2000

    Attention:  Kenneth
L. Henderson, Esq.

     

    Any
notice or other communication that has been given or made as of a date that is
not a business day shall be deemed to have been given or made on the next
succeeding day that is a business day.

     

    7.2            Choice of
Law.  This Agreement shall be governed by and construed in
accordance with the laws of the State of New York (regardless of the laws that
might otherwise govern under applicable principles of conflicts of laws thereof)
as to all matters, including, but not limited to, matters of validity,
construction, effect, performance and remedies.

     

    7.3            Assignment.  Neither
this Agreement nor the rights, duties and obligations of either Party under this
Agreement may be assigned, delegated or otherwise transferred by a Party, in
whole or in part, by operation of law or otherwise, without the prior written
consent of the other Party and any purported assignment in violation of the
foregoing is void; except that either Party may assign or otherwise transfer its
rights and/or obligations under this Agreement without the other Party’s consent
in the event of a merger, change of control or sale of all or substantially all
of the assets of such Party to which this Agreement relates.  In
addition, either Party may assign or otherwise transfer its rights, duties
and/or obligations to a subsidiary or affiliate, provided that any such
assignment shall not relieve the assignor from any liability or obligations
hereunder.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    7.4            Jurisdiction.  Each
of the Parties hereto hereby irrevocably submits to the exclusive jurisdiction
of any New York State or United States Federal Court located in New York County
over any action or proceeding arising out of this Agreement or the relationship
between them, and each Party hereby irrevocably agrees that all claims in
respect of such action or proceeding may be held and determined in such New York
State or Federal Court.  Each Party hereto hereby waives any right to
a jury trial in any civil action in which they are adverse parties and which
arises from the relationship between them including, without limitation, any
actions asserting statutory claims, common law tort claims, or breach of
contract claims (including, without limitation, claims arising out of or related
in any way to this Agreement).  Each Party agrees that a final
judgment in any such action or proceeding shall be conclusive and may be
enforced in any other jurisdiction by suit on the judgment or in any other
manner provided by law.  Each Party hereby further waives, to the
fullest extent permitted by law, any objection he or it may nor or hereafter
have to the laying of venue in New York County and any objection to any action
or proceeding in New York County on the basis of an inconvenient
forum.

     

    7.5            Entire Agreement; Amendment;
Waivers.  This Agreement, together with all Schedules hereto,
constitute the entire agreement between the Parties pertaining to the subject
matter hereof and supersedes all prior agreements, understandings, negotiations
and discussions, whether oral or written, of the Parties.  The only
representations and warranties made by the parties hereto with respect to the
subject matter hereof are the representations and warranties contained in or
made pursuant to this Agreement.  This Agreement, and the terms and
provisions hereof, may not be modified, waived or amended except by an
instrument or instruments in writing signed by the Party against whom
enforcement of any such modification or amendment is sought (or, in the case of
a waiver, by the intended beneficiary of the waived term or
provision).  No failure or delay by any Party in exercising any right,
power or privilege hereunder shall operate as a waiver thereof nor shall any
single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege.  The
rights and remedies herein provided shall be cumulative and not exclusive of any
rights or remedies provided by law.  The Parties acknowledge and agree
that HN and CRD are entering into the Employment Agreement simultaneously
herewith.

     

    7.6            Severability.  If
any term or other provision of this Agreement is invalid, illegal or incapable
of being enforced by any rule of law, or public policy, all other conditions and
provision of this Agreement shall nevertheless remain in full force and
effect.  Upon a determination that any term or other provision is
invalid, illegal or incapable of being enforced, the Parties shall negotiate in
good faith to modify this Agreement so as to effect the original intent of the
Parties as closely as possible.

     

    7.7            Construction.  The
headings of the Sections herein are inserted for convenience of reference only
and are not intended to be a part of or to affect the meaning or interpretation
of this Agreement.  When a reference is made to a Section, Schedule or
Exhibit such reference shall be to a Section or Schedule of or to this Agreement
unless otherwise indicated.  The definitions in this Agreement shall
apply equally to both the singular and plural forms of the terms
defined.  Whenever the words “include,” “includes” or “including” are
used in this Agreement, they shall be deemed to be followed by the words
“without limitation.”  In the event an ambiguity or question of intent
or interpretation arises, this Agreement shall be construed as if drafted
jointly by the Parties hereto and no presumption or burden of proof shall arise
favoring or disfavoring any Party hereto by virtue of the authorship of any
provisions of this Agreement.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    7.8            Parties Obligated and
Benefited.  This Agreement is binding upon the Parties hereto
and their respective permitted assigns and successors in interest and will inure
solely to the benefit of such Parties and their respective permitted assigns and
successors in interest, and no other Person.

     

    7.9            Relationship.  Nothing
in this Agreement will be deemed or construed as creating a joint venture or
partnership between the Parties or is intended or shall be construed to create
any third party beneficiaries.  Neither Party is by virtue of this
Agreement authorized as an agent, employee, or legal representative of the other
Party, and the relationship of the Parties is, and at all times will continue to
be, that of independent contractors.

     

    7.10          Counterparts.  This
Agreement may be signed in any number of counterparts, each of which shall be
deemed an original, with the same effect as if the signatures were upon the same
instrument.

     

    7.11          Execution.  This
Agreement may be executed by facsimile or electronic (pdf.) signatures and such
signature will be deemed binding for all purposes of this Agreement, without
delivery of an original signature being thereafter required.

     

    7.12          Disputes.  (a)  In
the case of any disputes under this Agreement, the Parties hereto shall first
attempt in good faith to resolve such dispute informally; provided, however,
that this Section
7.12 shall not be construed to alter or delay either Parties right to
avail itself of the remedies and dispute resolution mechanisms available to the
Parties under this Agreement.

     

    (a)           Arbitration.  Notwithstanding
the foregoing clause (a), the Company and the Employee agree that any dispute,
controversy or claim between the parties arising out of, relating to or
concerning the Employee’s employment with the Company, termination of such
employment or this Agreement shall be finally settled by arbitration in New
York, New York before and in accordance with the Employment Arbitration Rules
and Mediation Procedures of the American Arbitration Association before a single
arbitrator.  The arbitrator’s award shall be final and binding upon
all parties and judgment upon the award may be entered in any court of competent
jurisdiction in any state of the United States.  Each party shall bear
its own costs and expenses incurred in connection with any such arbitration
proceeding.  For purposes of any actions or proceedings ancillary to
the arbitration referenced above, the Company and the Employee agree to submit
to the exclusive jurisdiction of a state court or federal court located in the
City of New York, New York; provided that, if a federal court has jurisdiction
over the subject matter thereof, then such action shall be brought in federal
court.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    7.13            
General
Release.  In exchange for the consideration set forth in this
Agreement, the adequacy and sufficiency of which are acknowledged, HN, as the
100% owner of Noor, on behalf of himself and his current and former agents,
attorneys and employees, and the heirs, executors, administrators, receivers,
predecessors, successors and assigns of each of the foregoing persons and
entities (collectively, “Releasor”), does hereby irrevocably and unconditionally
release and forever discharge (i) Corporate Resource Development, Inc.,
Corporate Resource Services, Inc., Tri-State Employment Services, Inc.,
Tri-State Employment Inc. and Accountabilities, Inc. (ii) all persons and
entities which control, are controlled by or are under common control with any
of the persons or entities referred to in clause (i) above, (iii) any and all
present or former officers, directors, partners, members, shareholders, direct
and indirect owners, affiliates and principals (disclosed or undisclosed), of
any of the persons or entities referred to in clauses (i) and (ii) above,
including, without limitation, John Messina, Jay H. Schecter, Robert Cassera,
Jeffrey Raymond and Janet Colon, and (iv) any successors or assigns of any of
the persons or entities referred to in clauses (i), (ii) or (iii) above (the
persons and entities referred to in clauses (i) through (iv) above shall be
collectively referred to herein as the “General Releasees”) from any and all
claims, accounts, actions, agreements, bonds, bills, causes of action, charges,
controversies, complaints, contracts, covenants, damages, demands, dues,
guaranties, judgments, liabilities, obligations, promises, specialties, sums of
money or suits of any kind or nature whatsoever, whether in law, admiralty,
equity, contract or otherwise (including arbitration) based on any matter
whatsoever, and whether known or unknown or foreseen or unforeseen or suspected
or unsuspected, which Releasor may have had, now has, or may ever have against
the General Releasees, singly or in any combination, on account of, arising out
of, or is in connection with any thing, cause, matter, transaction, act or
omission of any nature whatsoever, including, without limitation: (a) a certain
Nondisclosure Agreement entitled “Non-Disclosure Agreement Between Habib Noor
and Jeffrey Raymond of Accountabilities, Inc.,” purportedly executed on or about
February 18, 2010 by Habib Noor, Jeffrey Raymond and John Messina; (b) a certain
Nondisclosure Agreement entitled “Non-Disclosure Agreement Between Habib Noor
and Tri-State Employment Inc.,” purportedly executed on or about February 23,
2010 by Habib Noor, John Messina, and Robert Cassera; (c) the sale or proposed
sale of any of the assets of GT Systems Inc. and its affiliates to Corporate
Resource Development Inc. and/or its affiliates (the “Asset Sale”); (d) the
Asset Purchase Agreement; and (e) any and all agreements, whether oral or
written purporting to cover the subject matter covered by the agreements or
transactions set forth in clauses (a), (b), (c) or (d) above, and (f) any and
all negotiations and communications (including, without limitation, letters of
intent) between and among any of Releasor and the General Releasees that relate
to, arise out of or are in connection with (directly or indirectly) the Asset
Sale or the Asset Purchase Agreement.  Notwithstanding the foregoing,
the Parties hereto acknowledge and agree that this Section 7.13 shall not apply
to any claims, accounts, actions, agreements, bonds, bills, causes of action,
charges, controversies, complaints, contracts, covenants, damages, demands,
dues, guaranties, judgments, liabilities, obligations, promises, specialties,
sums of money or suits of any kind or nature whatsoever, arising our of or in
connection with this Agreement and/or the Employment Agreement.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    7.14            Limited
Release.  In exchange for the consideration set forth in this
Agreement, the adequacy and sufficiency of which are acknowledged, Releasor does
hereby irrevocably and unconditionally release and forever discharge (i)
Rosenthal & Rosenthal, Inc., GT Systems Inc., Accounteknology Group Inc.,
Aldan Troy Group, Inc., B. Barnes Associates Inc., Creative Network Systems
Inc., Decorum Consulting Group Inc., Diversity Services of DC, Inc., Diversity
Staffing, Inc., F.S.I. Services, Inc., H R Staffing Inc., J.D. & Tuttle
Hospitality Staffing, Inc., Lerner, Cumbo & Associates, Inc., On The Marks
Personnel Inc., Paulson Search Inc., People Finders Plus, Inc., Personnel
Specialist Inc., Prompt Personnel Associates Inc., Pyramid Staffing Service,
Inc., RWP Solutions Inc., Searchpoint1 Inc., Segue Search of Connecticut, Inc.,
Segue Search, Inc., Staff  “One” Inc., Staff Design, Inc., Staffing
Remedies Inc., Staffing Remedies, LLC, Staffing Unlimited.Com Inc., Strategic
Resources Staffing Inc., Synergy Personnel Inc., TDF Consulting Group Inc.,
Temporary Alternatives, Inc., Temporary Services Inc., The Drayer Search Group
Inc., The Employment Sources Inc., The Gold Standard Inc., The Miller Cang
Agency Inc., The Professionals Personnel Inc., The Tuttle Agency Inc., Triangle
Personnel Associates Inc., Troy Associates Inc., Tuttle Agency of Pennsylvania,
Inc., Eric Goldstein, and Integrated Consulting Group of NY LLC, (ii) all
persons and entities which control, are controlled by or are under common
control with any of the persons or entities referred to in clause (i) above,
(iii) any and all present or former officers, directors, partners, members,
shareholders, direct and indirect owners, affiliates, principals (disclosed or
undisclosed), agents, representatives, employees, consultants, administrators
and legal representatives of any of the persons or entities referred to in
clauses (i) and (ii) above, and any agents, representatives, employees,
consultants, administrators and legal representatives of the General Releasees,
and (iv) any successors or assigns of any of the persons or entities referred to
in clauses (i), (ii) or (iii) above (the persons and entities referred to in
clauses (i) through (iv) above shall be collectively referred to herein as the
“Limited Releasees”) from any and all claims, accounts, actions, agreements,
bonds, bills, causes of action, charges, controversies, complaints, contracts,
covenants, damages, demands, dues, guaranties, judgments, liabilities,
obligations, promises, specialties, sums of money or suits of any kind or nature
whatsoever, whether in law, admiralty, equity, contract or otherwise (including
arbitration) based on any matter whatsoever, and whether known or unknown or
foreseen or unforeseen or suspected or unsuspected, which Releasor may have had,
now has, or may ever have against the Limited Releasees, singly or in any
combination, on account of, arising out of, or is in connection with (a) a
certain Nondisclosure Agreement entitled “Non-Disclosure Agreement Between Habib
Noor and Jeffrey Raymond of Accountabilities, Inc.,” purportedly executed on or
about February 18, 2010 by Habib Noor, Jeffrey Raymond and John Messina, (b) a
certain Nondisclosure Agreement entitled “Non-Disclosure Agreement Between Habib
Noor and Tri-State Employment Inc.,” purportedly executed on or about February
23, 2010 by Habib Noor, John Messina, and Robert Cassera; (c) the sale or
proposed sale of any of the assets of GT Systems Inc. and its affiliates to
Corporate Resource Development Inc. and/or its affiliates (the “Asset Sale”);
(d) the Asset Purchase Agreement.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    7.15            CRD
Release.  In exchange for the consideration set forth in this
Agreement, the adequacy and sufficiency of which are acknowledged, the General
Releasees (collectively, “ CRD Releasor”), do hereby irrevocably and
unconditionally release and forever discharge Noor and HN (collectively, the “
Noor Releasees”) from any and all claims, accounts, actions, agreements, bonds,
bills, causes of action, charges, controversies, complaints, contracts,
covenants, damages, demands, dues, guaranties, judgments, liabilities,
obligations, promises, specialties, sums of money or suits of any kind or nature
whatsoever, whether in law, admiralty, equity, contract or otherwise (including
arbitration) based on any matter whatsoever, and whether known or unknown or
foreseen or unforeseen or suspected or unsuspected, which a CRD Releasor may
have had, now has, or may ever have against the Noor Releasees, singly or in any
combination, on account of, arising out of, or is in connection with any thing,
cause, matter, transaction, act or omission of any nature whatsoever, including,
without limitation: (a) a certain Nondisclosure Agreement entitled
“Non-Disclosure Agreement Between Habib Noor and Jeffrey Raymond of
Accountabilities, Inc.,” purportedly executed on or about February 18, 2010 by
Habib Noor, Jeffrey Raymond and John Messina; (b) a certain Nondisclosure
Agreement entitled “Non-Disclosure Agreement Between Habib Noor and Tri-State
Employment Inc.,” purportedly executed on or about February 23, 2010 by Habib
Noor, John Messina, and Robert Cassera; (c) the Asset Sale (d) the Asset
Purchase Agreement; and (e) any and all agreements, whether oral or written
purporting to cover the subject matter covered by the agreements or transactions
set forth in clauses (a), (b), (c) or (d) above (f) any and all negotiations and
communications (including, without limitation, letters of intent) between and
among any of the CRD Releasor and the Noor Releasees that relate to, arise out
of or are in connection with (directly or indirectly) the Asset Sale or the
Asset Purchase Agreement.  Notwithstanding the foregoing, the Parties
hereto acknowledge and agree that this Section 7.15 shall not apply to any
claims, accounts, actions, agreements, bonds, bills, causes of action, charges,
controversies, complaints, contracts, covenants, damages, demands, dues,
guaranties, judgments, liabilities, obligations, promises, specialties, sums of
money or suits of any kind or nature whatsoever, arising our of or in connection
with this Agreement and/or the Employment Agreement.

     

    7.16            The
Parties hereto acknowledge and agree that upon the expiration or termination of
this Agreement for any reason, the Business, including without limitation, any
information with respect to the Temporary Employees and any customer lists,
databases, forms, files and records are assets of Noor.

     

    [Signature
Page to Follow]

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

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

     

    
      
        	
                NOOR
      ASSOCIATES, INC.

              	 	 	
                CORPORATE
      RESOURCE DEVELOPMENT INC.

              	 
	 	 	 	 	 
	
                
                  By:  /s/ Habib
      Noor

                  
                    
      

                  Name:  Habib
      Noor

                  Title:  President

                

              	 	 	
                
                  By:  /s/ Jay H.
      Schecter

                  
                    

                    Name:  Jay H.
      Schecter

                    
                      Title:
      Chief Executive
      Officer

                    

                  

                

              	 
	
              	 	 	
              	 
	

                With
      Respect to Section 7 only:

              	 	 	 	 
	 	 	 	 	 
	
                /s/ Habib
      Noor

              	 	 	 	 
	
                Habib
      Noor

              	 	 	 	 

      

       

      
        [Signature
Page to Services Agreement]

      

    

    
      
        
        

         

      

      
        14

        
          

        

      

      
         

      

    

    SCHEDULE
1

    SERVICES

     

    
      
        
          	
                  1.

                	
                  Employ
      all temporary employees as directed by Noor in accordance with all
      applicable laws and service all clients directed by Noor on payroll and
      billing terms as directed by Noor.

                
	 	 
	
                  2.

                	
                  Pay
      payroll and all related payroll taxes and mandatory insurance coverages
      for all temporary workers, 

                
	 	 
	
                  3.

                	
                  Prepare
      and file all appropriate payroll tax returns for the
      foregoing.

                
	 	 
	
                  4.

                	
                  Bill
      all clients in the name of Noor.

                
	 	 
	
                  5.

                	
                  Process
      and collect all accounts receivable.

                
	 	 
	
                  6.

                	
                  Provide
      to Noor all reports and records reasonably appropriate to the
      foregoing.

                
	 	 
	
                  7.

                	
                  Provide
      all telephone, reception, copying and mail services and other office
      related services for the Business as currently provided to
      Noor.

                
	 	 
	
                  8.

                	
                  All
      back office and payroll support related to the
  foregoing.

                
	 	 
	
                  9.

                	
                  Payment
      of rent for office space for Noor, which shall include the space Noor
      Associates occupies prior to the date hereof and any additional space
      available if the Business expands to a degree where said additional space
      is needed.

                

        

      

    

    

      
        
          
          

           

        

        
          15

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