Document:

ex_206029.htm

 

Exhibit 10.1

 

 

This Agreement for Professional Services (the “Agreement”), effective June 1, 2020, is by and between Vado Corp., located at 81 Prospect Street Brooklyn, NY 11201 (hereinafter “Vado Corp.” or “Client ”), and Accelerated Online Inc, located at 70 Washington St., Suite 6K Brooklyn, NY 11201 (hereinafter “Accelerated Online” or “Company”).

 

	
			I.

				
			Scope of Work: Accelerated Online will provide corporate and executive management consulting services to Client.

			

 

	
			II.

				
			Payment Terms: The Company shall be paid $15,000 monthly upon execution of this Agreement until the Agreement is terminated. Payments are due upon receipt of any invoice. The Client will reimburse the Company for any extraordinary out-of-pocket expenses that have been approved in advance by the Client.

			

 

	
			III.

				
			Additional Fees: At any time Client may request services and/or projects that are not covered by the Scope of Work ("Additional Services"). Additional consulting services are available to Client and will be scoped and priced on a case-by-case basis.

			

 

	
			IV.

				
			Independent Contractor Assignment: The parties agree that Accelerated Online is an independent contractor. Neither party may assign this agreement without the express written consent of the other party.

			

 

	
			V.

				
			Intellectual Property Ownership: The results of any work provided under this Agreement and any deliverables under this Agreement conceived or reduced to practice by Company in the course of performing consulting services hereunder (the “Intellectual Property”), shall be the sole and exclusive property of Client and shall be a “work for hire” under the copyright laws of the United States.

			

 

	
			VI.

				
			Termination: This Agreement shall be subject to termination without cause upon thirty (30) days written notice to the other party, by email or overnight mail to the addresses listed above

			

 

	
			VII.

				
			Indemnification: Because of Client's intimate familiarity with Client's business, Accelerated Online cannot undertake to verify all the facts supplied to Accelerated Online by Client. Because of this, Client agrees to indemnify, defend and hold harmless Accelerated Online and our employees, officers, directors, shareholders, licensees and agents from and against all liabilities, losses, damages or expenses, including reasonable attorneys’ fees and costs, which we or such other person may incur as the result of any brought or threatened claim, suit or proceeding arising from, related to or in connection with the use of any facts or information supplied to Accelerated Online by Client (a “Claim”), including, without limitation, any Claim for (a) infringement or violation of copyright, patent, trademark, or license, or (b) defamation arising out of the nature or use of Client products or services or any assertions we may make on Client's behalf, including assertions about Client, Client products or services, or about Client competitors and any of their products or services, in any materials we may prepare for Client, if the assertions are based on information, representations, reports, data or releases supplied to Accelerated Online by or through Client, or, to the extent different from the foregoing, for which Client is required or undertake to obtain releases or consents, or otherwise which Client approves (“Client Material”) (excluding claims covered under our indemnity below).

			

 

Accelerated Online shall indemnify, defend and hold harmless, Client and its affiliates, and its respective directors, officers, employees and agents from and against any and all claims, demands, suits, actions, judgments, cost and liabilities (including reasonable attorney’s fees) each an “indemnified loss” that arises out of, results from, or is incidental to this Agreement or the work or services performed by Accelerated Online under this Agreement, to the extent such indemnified loss is caused by or results from our negligence or fault of our employees, agents and/or subcontractors.

 

Accelerated Online’s total aggregate liability for any claim of any kind arising as a result of or related to this Agreement, whether based in contract, warranty, or any other legal or equitable grounds, shall be limited to the amounts received by Accelerated Online from Client for the particular project(s) which form(s) the basis of such claim.

 

1

 

 

 

 

EXCEPT FOR LIABILITY ARISING UNDER THIS SECTION, IN NO EVENT WILL EITHER PARTY BE LIABLE FOR ANY INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT.

 

	
			VIII.

				
			Entire Agreement: This agreement sets forth the entire agreement and understanding of the parties with respect to the subject matter set forth herein and thereby supersedes all prior agreements, arrangements and understandings relating to the subject matter. This agreement may be amended only by a written instrument executed by the parties hereto.

			

 

	
			IX.

				
			Amendment and Waiver: This agreement may not be amended except by written agreement of the parties.

			

 

	
			X.

				
			Governing Law: This agreement has been made in the State of New York.

			

 

 

 

Vado Corp.

 

	 	 	 	 
	
			By: David Lelong 

			Title: CEO

			Email: david@vadocorphq.com

				 	Date	 

 

 

Accelerated Online

 

	 	 	 	 
	
			By: David Lelong

			Title: CEO

			Email: david@acceleratedonline.net

				 	Date	 

 

 

 

2Exhibit 10.1

 

		
        Innodata Inc.

        55 Challenger
        Road - Suite 202

        Ridgefield Park, NJ 07660

	 	 

September 30, 2020

 

Via Email

 

Mark
Spelker

 

 

Dear Mark:

 

Congratulations on your decision to join
Innodata. I am confident that you will be instrumental in helping us drive results that matter for our company, our clients and
our shareholders.

 

You will be employed by Innodata Inc. (the
 “Company”) as Chief Financial Officer and Executive Vice President. You will also serve as the Company’s Principal
Financial Officer and Principal Accounting Officer. In this position you will be responsible for overseeing the financial reporting
for the Company and executing various strategic efforts.

 

The purpose of this letter (the “Offer
of Employment”) is to set forth the general terms of our employment offer to you. Please bear in mind that this Offer of
Employment does not constitute an employment contract.

 

		1)	Part Time Employment. The Company will employ you in a part-time capacity. You agree to provide
the Company with base services of approximately four weeks of services per quarter. In addition, you agree to provide the Company,
and the Company agrees to obtain from you, an additional eight weeks (or more, if mutually agreeable) per calendar year of additional
services.

 

		2)	Salary. Your part-time base salary shall be $100,000 per annum.
Weeks of additional services shall be compensated at $6,250 per week (or pro rata portion thereof). Your salary will be paid along
with regularly scheduled payroll.

 

		3)	Reporting. You will report directly to Jack Abuhoff, Chief Executive Officer of the Company.

 

		4)	Office Location. You will be based out of the Company’s Ridgefield Park, New Jersey headquarters.
Your position will necessitate occasional travel to the Company’s global facilities (including a minimum of one visit per
year to the Company’s Manila office for planning sessions with accounting team and auditor visit). You shall be permitted
to work from your home office when appropriate.

 

		5)	Employment Commencement. Your employment commencement date shall be October 2, 2020.

 

		6)	Benefits. You agree to adhere to our “Personnel Handbook for U.S. Based Employees (a copy
of which is contained herewith). As a part-time employee you will not be eligible for health insurance benefits, vacation or other
benefits to which our full-time employees are entitled.

 

		7)	Confidentiality Agreement. You agree to sign the Company’s “Agreement
Concerning Confidentiality and Non-Disclosure” (the “CNDA”) contemporaneously with the commencement
of employment (a copy of which is contained herewith). In the event of a direct conflict between the terms of the CNDA and the
terms of this Offer of Employment, the terms of this Offer of Employment will govern and control.

 

     

    Mark Spelker
Page 2 of 3

    

 

		8)	Other Activities. While you render services to the Company, you also will not assist any person
or organization in competing with the Company, in preparing to compete with the Company, or in hiring any employees of the Company.
Additionally, you agree that for twelve (12) months after you leave the Company (whether voluntarily or involuntarily), you will
not anywhere in the world directly or indirectly compete with the Company or be employed by: (i) any person or entity in a division
or other department which then competes with the Company to any material extent, or (ii) any person or entity the major business
of which is competitive with the Company, nor will you directly or indirectly own any interest in any such person or entity or
render to it any consulting, brokerage, contracting, or other services. The foregoing shall not prohibit you from owning not in
excess of 2% of the outstanding stock of any company that is a reporting company under the Securities Act of 1934. You also agree
that for twelve (12) months after you leave the Company (whether voluntarily or involuntarily), you will not, directly or indirectly,
solicit, divert or appropriate or attempt to solicit, divert or appropriate any customers or clients of the Company who are customers
or clients of the Company at the time of the termination of your employment with the Company, or who were customers or clients
of the Company during the prior twelve (12) month period, for purposes of offering to such customers or clients of the Company
products or services which are directly competitive to the products and services offered by the Company as of the date of your
termination or resignation from employment with the Company for any reason. You shall be permitted to perform other part-time assignments,
provided no such assignment shall contravene the foregoing or prevent or impede you from fulfilling your obligations hereunder.

 

		9)	Inconsistent Obligations. By signing this Offer of Employment, you represent and warrant to the
Company that (i) you are under no contractual commitments inconsistent with your obligations to the Company; (ii) you will not,
during the period of your employment with the Company, use any confidential or proprietary information of any third party whatsoever,
including, without limitation that of any previous employer; (iii) you will adhere to any legally binding contractual obligations
that survive the termination of your previous employment, including, without limitation, those relating to confidentiality and
non-solicitation.

 

		10)	Period of Employment. Notwithstanding anything to the contrary contained herein, you shall be and
remain an employee at will, meaning that either you or the Company will be entitled to terminate your employment at any time and
for any reason, with or without cause. Any contrary representations, which may have been made to you, are superseded by this Offer
of Employment. This is the full and complete agreement between you and the Company on this term. The “at will” nature
of your employment may only be changed in an express written agreement signed by you and the Chief Executive Officer of the Company.
Nothing contained herein shall be deemed to constitute or create an employment agreement.

 

		11)	Withholding Taxes. All forms of compensation referred to in this Offer of Employment are subject
to reduction to reflect applicable withholding and payroll taxes.

 

		12)	Amendment and Governing Law. This Offer of Employment may not be amended or modified except by
an express written agreement signed by you and the Chief Executive Officer of the Company. The terms of this Offer of Employment
and the resolution of any disputes will be governed by New Jersey law.

 

		13)	Entire Agreement. This Offer of Employment supersedes any prior understandings or agreements, whether
oral or written, between you and the Company.

 

		14)	Conditional Offer. Please note that as required by law, the Offer of Employment, and your employment
with the Company, is contingent upon your providing legal proof of your identify and authorization to work in the United States.

 

     

    Mark Spelker
Page 3 of 3

    

 

We hope that you find the foregoing terms
acceptable. In order to indicate your agreement with these
terms and acceptance of this Offer of Employment you
should sign and date both a copy of this letter
and the enclosed Confidentiality and Non-Disclosure agreement and
return
them to Marcia Novero, Director of Human Resources.

 

Once again, congratulations on your decision
to join Innodata. We look forward to your active engagement on our team. If you have any questions or need additional information,
please call Marcia at (201) 371-8015.

 

 

Welcome to Innodata.

 

 

Very truly yours,

 

/s/ Jack Abuhoff

Jack S. Abuhoff

Chief Executive Officer

 

Enclosures

 

 

I hereby acknowledge that I have read and
understood the terms of this Offer of Employment and hereby accept employment under the terms outlined above.

 

	/s/ Mark Spelker	 	10/2/2020	 
	Signature	 	Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}]]