Document:

Exhibit 10.9

EXHIBIT 10.9

May 09,
2008

Mr. S. Jambunathan

Chairman of the Board of Directors of HMNA

c/o HMNA

200 Park Avenue South

New York, New York 10003

Re:
Amendment to Employment Agreement 

Dear Mr.
Quadrino:

Helios & Matheson North America — HMNA, (“Company”) hereby agrees to amend your Employment
Agreement dated as of May 01, 2006 (“Agreement”) entered into by and between The A Consulting Team
Inc. (former name of HMNA) and yourself, Salvatore M. Quadrino, (“Employee”) as follows:

	(1)	 	The content in Section 1 of Agreement will be replaced by the content provided in this bullet
point (1) of this Amendment.

The Company hereby employs Employee as Chief Financial Officer. The Company, HMNA, will provide
Employee with an office and appropriate computer and communications at metropolitan area office.
Employee hereby accepts employment in such capacity and conditions as hereinafter set forth.

In addition, for the interim period, beginning with the date of ratification of this Amendment and
until Company appoints a new Chief Executive Officer, Company offers and Employee accepts the
responsibility of Interim Chief Executive Officer, in addition to Employee’s role & responsibility
as Chief Financial Officer.

When Company hires a new Chief Executive Officer, Employee will revert back to the original role of
Chief Financial Officer.

As a condition of continued Employment, Employee agrees to perform as expected by the Company in
the capacity of Chief Financial Officer and Interim Chief Executive Officer, and bear all
appropriate responsibilities, including SEC related responsibilities that roles of Chief Financial
Officer and Chief Executive Officer have to bear.

	(2)	 	The content in Section 2 of Agreement will be replaced by the content provided in this bullet
point (2) of this Amendment.

This Agreement is for the time period May 1st 2008 to June 30th 2009 (Term).
Thereafter, the Agreement will automatically renew for additional 1-year terms (Renewal Terms),
unless either Party (Company or Employee) conveys in writing to the other, of its intention not to
renew the Agreement at least 30 days prior to the end of the
corresponding Term. Termination of Agreement by the Company will be governed by the
provisions of Section 8. The entire period in effect is hereinafter referred to as the
“Employment Period”.

 

 

 

	(3)	 	The content in Section 3 of Agreement will be replaced by the content provided in this
bullet point (3) of this Amendment.

The Company shall pay to Employee the following compensation for all the services to be
rendered by Employee in any capacity:

	 	•	 	A base salary at the rate of $200,000 per year (annual base salary of Two
Hundred Thousand US Dollars) payable twice a month, less all applicable and
required federal, state, local and authorized deductions.
	 
	 	•	 	Upon approval by the Board of Directors, the Company shall grant to Employee
options to shares of Company Common Stock, from time to time, in accordance
with the terms of Company’s Stock Option and Award Plan.
	 
	 	•	 	A Performance Based Bonus that is modifiable quarterly, semi-annually, or
annually, for expected performance, as reasonably determined appropriate by
Company, to motivate Employee to help achieve the operational and financial
goals of Company. The Performance Based Bonus plan along with Performance
Goals for Employee will be separately specified as Performance Target and
Bonus Plan (hereinafter called Performance Plan). Performance Plan may be
reasonably and periodically specified or modified by Company, at its sole
discretion, in the interests of Company and all of its stakeholders.
	 
	 	•	 	The use of a Company car and reimbursement of all related usage expenses.
The expenses will be capped at $500 per month, or $6,000 per annum, for all car
usage related expenses, except for car repairs, which the Company will pay in
addition to this budgeted cap.
	 
	 	•	 	Employee shall be entitled to participate in the Company’s employee and fringe
benefit plans and programs and shall be entitled to sick days and personal days
in accordance with the Company’s PTO policy for the Chief Financial Officer’s
position.

As long as Company offers and Employee continues to take on the responsibility of Interim
Chief Executive Officer, an additional gross salary at the rate of $60,000 per year
(additional annual salary of Sixty Thousand US Dollars) payable twice a month, less all
applicable and required federal, state, local and authorized deductions, will be paid to
Employee. This additional compensation will be withdrawn when Company withdraws the position
of Interim Chief Executive Officer from Employee.

 

 

 

	(4)	 	The content in Section 8 of Agreement will be replaced by the content provided in
this bullet point (3) of this Amendment.

The Employment Period shall be terminated at the time of the death of Employee or may be
terminated by Company if Employee shall fail to render the services provided for
hereunder for a continuous period of ninety (90) days because of Employee’s physical or
mental disability. Notwithstanding anything to the contrary herein, either party may
terminate the Employment Period, with or without cause and for any reason whatsoever, by
giving thirty (30) days prior notice to the other party.

In the event Company terminates Employee without Cause, death or disability, or if the
Employee should resign for a Sufficient Reason, as defined in this Employment Agreement,
Employee shall be entitled to receive as severance an amount equal to Six (6) months of
Employee’s then current base salary. In the event, Company terminates Employee without
Cause within 6 months after the appointment of a new Chief Executive Officer, Employee
shall be entitled to receive as severance an additional amount equal to Three (3) months
of Employee’s then current base salary.

For purposes of this Section 8, “Cause” shall mean: (a) Employee’s embezzlement,
negligence, willful breach of fiduciary duty or fraud with regard to Company or any of
Company’s assets or businesses, (b) Employee’s conviction of, or pleading of nolo
contendere with regard to a felony (other than a traffic violation) or any other crime
involving moral turpitude and involving activity related to the affairs of Company, (c)
Employee’s refusal or negligence in carrying out lawful requests or directives of the
Company after such requests or directives were issued after discussion with Employee, and
(d) any other breach by Employee of a material provision of this Agreement that remains
uncured for thirty (30) days after written notice thereof is given to Employee.

In the event Company terminates the Employment Period for Cause, Company’s sole
obligation is to pay Employee for that period actually worked by Employee (plus any
commissions and/or vacation pay due for that period, if applicable).

Employee may terminate the Employment Period for “Sufficient Reason” in accordance with
the provisions hereof. For purposes of this Agreement, Sufficient Reason shall mean any
material reduction in Employee’s base compensation by more than 25%, requirement by the
Company for the Employee to work from any location more than 50 miles away from the
current office location, or a written request by the Company to perform illegal acts
including but not limited to violating SEC or NASDAQ rules or regulations.

 

 

 

Please acknowledge your agreement to such extension of Employment by executing a copy of this
letter agreement and returning such executed copy to the Company.

	 	 	 
	Helios & Matheson North America

	 	 
	 
	 	 
	/s/ Srinivasaiyer Jambunathan
	 	 
	Mr. S. Jambunathan
	 	 
	Chairman of the Board of Directors of HMNA
	 	 
	 
	 	 
	Acknowledged and Agreed
	 	 
	 
	 	 
	/s/ Salvatore M. Quadrino
	 	 
	Mr. Salvatore M. Quadrino

	 	Date 5/9/2008Exhibit 10.14

EXHIBIT 10.14

STATEMENT OF WORK — Infrastructure and Support Services

1. Purpose

This Statement of Work dated as of August 1, 2008 is entered into between HMNA NA, Inc.
(hereinafter “HMNA”), having offices at 77 Brant Avenue, Suite 320, Clark, NJ 07066, Helios
Matheson Global Services Pvt Ltd (HGS), HMNA’s wholly owned Indian subsidiary and IonIdea,
Inc. (hereinafter “IonIdea”), having its offices located at 3933 Old Lee Highway, Suite 33B,
Fairfax, VA 22030. The purpose of this Statement of Work is to set forth the Services to be
provided by IonIdea.

2. Term

The Services shall commence on the Aug 1, 2008 and shall continue until July 31, 2010
(“End Date”). HMNA and IonIdea may agree to extend this SOW
as mutually acceptable.

3. Description Of Services — Deliverable

IonIdea shall provide Infrastructure & support services to HMNA. A few of the specified
services may vary and evolve during the term of this Agreement, IonIdea shall be
responsible for the primary services described as follows:

4. IonIdea’s Responsibilities

	 	•	 	Provide working environment in Bangalore, India, for the HMNA employees / team members.
	 
	 	•	 	IonIdea’s team will interact closely with HMNA staff to ensure these services are provided.
	 
	 	•	 	IonIdea will provide desktops for each of the HMNA team members. Additional hardware, as
listed in Appendix 1 is the current list of includes servers and laptops provided to
HMNA by
IonIdea (see attached Appendix 1). Further hardware needs, apart from desktops are to be
discussed
and provided on mutual agreement on fully reimbursable basis.

5. HMNA Responsibilities

	 	•	 	Keep IonIdea informed of any changes that will impact usage of IonIdea infrastructure & services.
	 
	 	•	 	Keep IonIdea informed in advance of any additional manpower recruited by HMNA.
	 
	 	•	 	Any special servers required by specific projects will be the responsibility of HMNA.
	 
	 	•	 	HMNA shall be liable to arrange and pay for any dedicated leased line charges etc. at actuals,
directly to the respective agencies.
	 
	 	•	 	HMNA shall promptly comply with all the laws, rules and regulations of the
government and local
authorities as may be required.
	 
	 	•	 	HMNA shall keep the facility in clean and good condition and maintain the electrical, sanitary,
wooden and other fixtures, fitting and installations in the facility occupied by him without causing
any damage.
	 
	 	•	 	HMNA shall use the premises for Office purposes only.

 

 

 

6.
HMNA and IonIdea Responsibilities

	 	•	 	All persons on HMNA projects and IonIdea shall respect Confidentiality and
Non-Compete
Agreements executed by either party with their clients.
	 
	 	•	 	All persons on HMNA projects shall not solicit other employees of
IonIdea under any
circumstances.
	 
	 	•	 	HMNA shall not, without prior permission from IonIdea, bring
any visitors to the IonIdea
facility.

7. Solicitation of Employees

IonIdea and HMNA agree that they shall not solicit employees of the other and shall ensure
that all persons contracted to perform services under this Agreement will not be hired by
the other without written release by current employer, for a period of 12 months from date
of termination of employment with the current employer.

8. Place of Performance of Services

The
Services shall be performed at the IonIdea premises located at 38-40, Export Promotion
Industrial Park, Whitefield, Bangalore 560 066, India. Any change in the place of
performance shall be subject to agreement by both parties.

9. Parties’ Relationship Managers

IonIdea and HMNA primary contacts for all activities under this Statement of Work shall be
those identified in the table below or such other contact notified by a party to the other
in writing. The Relationship Managers listed below will ensure success of the
relationship.

	 	 	 	 	 
	 

	 	IONIDEA
	 	HMNA
	Relationship Manager

	 	Brindala Ananthram
	 	Baba Gurjeet Bedi
	Secondary contact

	 	Savitha Mallappa
	 	Vikram Sankarlingam

10.
Fees, Invoicing, And Expenses

HMNA shall pay a flat rate fee per person for all team members who are on HMNA’s payroll.

	 	 	 	 	 	 	 
	Service Level

	 	Fee per month
 per
resource	 	 	Services Provided
	Bronze

	 	$	550	 	 	Bronze Level Service: Cubicles, Desktop PC with
basic OS and MS office suite,
telecom services + Cafeteria

In addition to the above fee of $550 per team member, HMNA will also reimburse IonIdea the
transportation expense of $100 for each employee availing the transportation facility,
making the total monthly payment equal to $650 for these HMNA employees. This transportation
provided will be for one specific shift as specified by HMNA (currently 11 am to 7 pm). All
other transportation will be considered as ad-hoc transportation.

This
transportation cost is to be reviewed on a half yearly basis to align on actual expenses. The transportation cost may be revised if the actuals exceed by 10%.

Also the ad-hoc transportation needed for one off cases where team members require
transportation after regular office hours can be provided on actual costs

 

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11. Invoicing Procedure

Invoices addressed to HMNA will be sent electronically to the designated HMNA Primary Contact
Person, as stated above. Payment terms are net 45 and late payments will be liable for
interest @ 1% per month from date of invoice.

12. Termination of services

12.1 Termination for Convenience: Except as provided in a Statement of Work, Customer shall
have the
right to elect to terminate a Statement of Work, at any time, by providing Supplier with ninety
(90) days
prior written notice of said election.

12.2
Termination by Either Party for Material Breach and
Bankruptcy: Either party may
terminate
this Agreement (or any part thereof) or any Statement of Work upon written notice (a) if the other
party
materially breaches this Agreement and fails to cure such breach within thirty (30) days following
receipt
of written notice specifying the breach in detail or (b) if either Party files a petition for
relief under any
bankruptcy legislation, if any involuntary petition thereunder should
be filed against either Party
and the
same not be dismissed within thirty (30) days, if either Party is adjudicated a bankrupt or if
either Party
makes an assignment for the benefit of creditors.

12.3
Hardware / Software: The generic hardware (Desktop) as specified earlier will be provided by
IonIdea. Any other specific hardware or software required for HMNA projects will not be provided
by
IonIdea.

IN WITNESS WHEREOF, this Statement of Work has been executed as of the date first above written
by the undersigned authorized representatives of IonIdea and HMNA.

	 	 	 	 
	Savitha
Mallappa, IonIdea Inc.

	 	Salvator M Quadrino, CEO
 Helios
& Matheson North America, Inc.	 
	 
	 	 	 
	/s/ [ILLEGIBLE]

	 	/s/ Salvator M Quadrino	 
	 
	 	 	 
	 

	 	Dated: 9/4/08	 

 

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SERVERS

	 	 	 	 	 	 	 
	SI No	 	Name	 	Model	 	OS
	 
	 	 	 	 	 	 
	1

	 	ADS
	 	Sky Runner
	 	Microsoft Windows 2003 Server Standard
	2

	 	HMNA-Fire01
	 	HP Compaq
	 	Linux Slackware
	3

	 	HMNASVN
	 	Assembled
	 	Linux Ubuntu
	4

	 	IONTACTISA
	 	Assembled
	 	Microsoft Windows 2003 Server Standard
	5

	 	TACTBLSRV1
	 	Super Micro
	 	Microsoft Windows 2003 Server Standard
	6

	 	TACTBLSRV3
	 	Super Micro
	 	Microsoft Windows 2003 Server Standard

LAPTOPS

	 	 	 	 	 	 	 	 	 
	SI No	 	Name	 	Serial Number	 	Model	 	OS
	 
	 	 	 	 	 	 	 	 
	1

	 	B11TO.TACTBLR
	 	GGFGK1S
	 	Dell Latitude D520
	 	Microsoft Windows XP Professional
	2

	 	IESDELLHWK0023
	 	CNU63515T4
	 	Dell Latitude D620
	 	Microsoft Windows XP Professional
	3

	 	IONTACT 044
	 	CNU63515T4
	 	HP Compaq nx6310
	 	Microsoft Windows XP Professional
	4

	 	Sandeep
	 	CNU631148P
	 	HP Compaq nx6310
	 	Microsoft Windows XP Professional
	5

	 	Vikram
	 	44046727PU
	 	Toshiba Tecra A3
	 	Microsoft Windows XP Professional

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