Document:

Exhibit
      10.1

    
      
         

        ASSET
          PURCHASE AGREEMENT

        

        

        This
          Asset Purchase Agreement (the “Agreement”) is made this the 15th
          day of
          February, 2007 as a revision to Membership Purchase Agreement entered into
          the
          27th
          day of
          September, 2006, by and between Secured Financial Network, Inc., a Nevada
          Corporation (Buyer) and Virtual Payment Solutions, LLC, a Nevada Limited
          Liability Corporation (Seller).

        

        Whereas,
          Seller desires to sell and buyer desires to purchase certain assets for
          the
          consideration as set forth, the parties to this Agreement hereby agree
          as
          follows:

        

        
          	 	
                  1.

                	
                  Assets
                    to be purchased from Seller are the
                    following:

                

        

        
          	 	
                  a.

                	
                  Name
                    only “Virtual
                    Payment Solutions”

                

        

        
          	 	
                  b.

                	
                  Domain
                    names: Virtual
                    Payment Solutions.com and
                    .net

                

        

        
          	 	
                  c.

                	
                  Envoii
                    Deployment License Agreement as attached in Exhibit
                    I

                

        

        

        
          	 	
                  2.

                	
                  Purchase
                    Price

                

        

        

        Upon
          the
          terms and conditions set forth in this Agreement and upon the representations
          and warranties of the Sellers right to sell assets listed above, the purchase
          price for said assets will be $385,000.

         

        
          	 	
                  3.

                	
                  Payment
                    of Purchase Price

                

        

        

        It
          is
          agreed that the payment for purchase of assets listed have been paid in
          full via
          wire transfer of funds to Seller October 31, 2006. It is agreed that payment
          shall also include a $15,000 first year maintenance fee as outlined in
          Exhibit
“B” of Envoii License Agreement.

        

        This
          Agreement, together with the Exhibits attached hereby constitutes the final
          written expression of all of the Agreements between the parties and is
          the
          complete and exclusive statement of the terms. This Agreement supercedes
          any
          prior Agreements and understandings between the parties and is the exclusive
          statement of those terms.

        

        
          	 	
                  4.

                	
                  Governing
                    Law under this Agreement shall be the State of Nevada and will
                    be governed
                    by and construed in accordance with Nevada
                    law.

                

        

        

        In
          witness whereof, the parties have executed this Agreement and caused the
          same to
          be delivered on their behalf on the day and year first above
          written.

        

         

         

      

      SELLER:

      

      Virtual
        Payment Solutions, LLC

      

      By:
        /s/ Scott Haire

      Scott
        Haire, Managing Director

      

      BUYER:

      

      Secured
        Financial Network, Inc

      

      By:
        /s/ Jeffrey Schultz

      Jeffrey
        Schultz,
        Pres./CEO

      

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

    

     

    

      EXHIBIT
        I

      ENVOII
        DEPLOYMENT LICENSE AGREEMENT

      

      This
        Agreement is entered into as of November 1, 2006 (the “Effective Date”) between
        Envoii Technologies LLC (“Envoii”), a Nevada limited liability company, and
        Virtual Payments Solutions, LLC, (“Licensee”), a Nevada limited liability
        company. 

      

      

      
        	1.	
                DEFINITIONS.

              

      

      

      As
        used
        herein:

      

      
        	 	
                1.1

              	
                 “Customer”
                  means a business entity which uses Licensee’s Payment
                  Solution.

              

      

      

      
        	 	
                1.2

              	
                “Deploy”
                  means provide access to the functionality of a Solution on the
                  Envoii
                  Engine.

              

      

      

      
        	 	
                1.3

              	
                “Envoii
                  Engine”
                  means Envoii's proprietary client-side computer software program,
                  which
                  may support tracking, and associated runtime files required to
                  enable and
                  playback Solutions.

              

      

      

      
        	 	
                1.4

              	
                “Solution”
                  means a client-side content object, component or application that
                  incorporates and complies with the Solution File
                  Format.

              

      

      

      
        	 	
                1.5

              	
                “Solution
                  File Format”
                  means Envoii's proprietary file format, specifications, and core
                  technology that are incorporated into and used by a Solution to
                  enable
                  playback on Envoii Engines, as more fully described in Exhibit
                  A.

              

      

      

      
        	 	
                1.6

              	
                “Users”
                  means association of a specific Solution with a unique Envoii Engine
                  ID.

              

      

      

      
        	 	
                1.7

              	
                “CardVoii
                  Patent”
                  means International Patent Application number PCT/US01/28150 filed
                  9/06/01
                  entitled Method and Paratus for a Portable Information Account
                  Access
                  Agent, as detailed in Exhibit
                  D.
                  

              

      

      

      
        	 	
                1.8

              	
                “CardVoii
                  Solutions” are
                  Envoii Solutions based on the CardVoii
                  Patent.

              

      

      

      
        	 	
                1.9

              	
                “Payment
                  Solution”
                  means Licensee’s business of providing a hosted online payment solutions
                  exclusively that enables transactions between businesses and consumers,
                  employing CardVoii Solution(s) using any of Licensee’s backend
                  platform

              

      

      

      
        	 	
                1.10

              	
                “Bridge
                  Demo Solution” means the Envoii demo system using the Bridge E
                  wallet and is downloadable from the Envoii Site and Server. Licensee
                  may
                  with after submits it backend solution to change the name from
                  Bridge to
                  its current E wallet product.

              

      

      

      

      
        	
                2.

              	
                GRANT
                  OF LICENSE. 

              

      

      

      
        	 	
                2.1

              	
                Exclusive
                  License Grant.
                  Envoii hereby grants to Licensee an exclusive and nontransferable
                  right to
                  (a) Deploy CardVoii Solutions that Licensee will Develop for its
                  Payment
                  Solution Business; and (b) make available to users of its Payment
                  Solution
                  Business, the Envoii Engine in English language version through:
                  (i)
                  downloading from Envoii’s website; (ii) distributing in a form of a medium
                  such as CD-ROM appended to any magazines; (iii) installation of
                  the Envoii
                  Engine in the appliances manufactured by Licensee's affiliated
                  companies.
                  Envoii
                  hereby reserves all rights to the CardVoii Patent, and any copyrights,
                  patents, or trademarks embodied therein, except for the rights
                  expressly
                  granted herein.

              

      

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      
        	
              	2.2	
                Quality
                  Assurance.
                  Envoii may in its discretion test each Solution, whether before
                  or after
                  Deployment, for compliance with this Agreement. Licensee shall
                  deliver to
                  Envoii all code and other materials essential for such tests, at
                  Envoii's
                  request. In the event that Solutions are found not to be in compliance
                  herewith, Licensee shall have 30 days to correct such Solutions.
                  In
                  case there are defects with the Envoii Engine or the Solution File
                  Format,
                  Envoii shall make every reasonable effort to repair such
                  defects.

              

      

      

      
        	 	
                2.3

              	 	
                Restrictions.
                  Licensee
                  shall not modify, translate, reverse compile or disassemble the
                  Solution
                  File Format. Licensee acknowledges that no copy of the source code
                  of the
                  Solution File Format will be provided to Licensee and Licensee
                  has no
                  right to develop, possess, or use the source
                  code.

              

      

      

      
        	
                3.

              	
                ENVOII
                  ENGINE. Envoii
                  will make available to Licensee the Envoii Engine (in English language
                  version). Licensee shall notify its internal users of such availability
                  and shall ensure that each Customer is responsible for notifying
                  its users
                  of the availability of the Envoii Engine. Unless otherwise set
                  forth in
                  2.1, Licensee shall not distribute, sell, lease, license or sublicense
                  the
                  Envoii Engine or any language extensions, or modify the Envoii
                  Engine in
                  any way. 

              

      

      

      
        	
                4.

              	
                SERVICES.
                  Envoii shall provide to Licensee the maintenance and support services
                  set
                  forth in Exhibit
                  B,
                  on the terms and conditions therein.

              

      

      

      
        	
                5.

              	
                FEES.

              

      

      

      
        	 	
                5.1

              	
                CardVoii
                  Exclusivity Fees.
                  The Exclusivity Fee shall be $385,000, to be paid in full by November
                  1,
                  2006. 

              

      

      

      
        	 	
                5.2

              	
                CardVoii
                  Royalties.
                  During the initial two year term of this contract and thereafter
                  so long
                  as the contract is renewed Licensee shall pay to Envoii Royalties
                  for
                  CardVoii Solutions based on transactions from the Payment Solution
                  (or
                  fees which Customers pay Licensee for the Payment Solution). The
                  Royalties
                  shall be $0.20 per transaction or 20% of the gross transaction
                  excluding
                  micropayment transations Licensee shall guarantee minimum Royalties
                  of
                  $50,000 for year two starting November 1, 2007 , $100,000 for year
                  three,
                  and $250,000 per year four thereafter to keep exclusive contract
                  for
                  payments.

              

      

      

      
        	 	
                5.3

              	
                Third
                  Party Deployment of Solutions.
                  Should a Third Party enter a negotiation with Envoii to deploy
                  a Payment
                  Solution, Licensee must approve of such transaction. Envoii shall
                  pay
                  Licensee 20% of CardVoii patent licensing revenues from any such
                  transaction as long as Licensee is still the exclusive licensee
                  the
                  developed payment Solution. 

              

      

      

      
        	 	
                5.4

              	
                Payment
                  of Fees. Licensee
                  shall pay Envoii all licensing, development, royalty, maintenance
                  and
                  other fees in the US Dollars by wire transfer to the bank account
                  designated in writing by Envoii.

              

      

      

      
        	 	
                5.5

              	
                Taxes.
                  All charges and fees provided for in this Agreement are exclusive
                  of any
                  taxes, duties, or similar charges imposed by any government. Licensee
                  shall pay or reimburse Envoii for all federal, state, dominion,
                  provincial, or local sales, use, personal property, excise or other
                  taxes,
                  fees, or duties arising out of this Agreement or the transactions
                  contemplated by this Agreement (other than taxes on the net income
                  of
                  Envoii). Notwithstanding anything to the contrary set forth herein,
                  in the
                  event any withholding taxes or other similar taxes are required
                  to be paid
                  by Licensee on any amounts to be paid under this Agreement, Licensee
                  shall
                  deduct such withholding or similar taxes from the amounts agreed
                  in this
                  Agreement and pay Envoii the amount less the deducted tax. Licensee
                  shall
                  effect the payment of such tax to the appropriate tax authorities
                  of the
                  government and promptly send to Envoii an official tax certificate
                  or
                  other evidence issued by such authorities.

              

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      
        	6.	
                MARKETING
                  AND PUBLICITY

              

      

      

      
        	 	
                6.1

              	
                Joint
                  Marketing.
                  As soon as practicable after the Effective Date, upon Envoii's
                  reasonable
                  request, Licensee shall use commercially reasonable efforts to
                  prepare for
                  and participate in public events specified by Envoii to announce
                  the
                  relationship between Envoii and Licensee established hereby and
                  to promote
                  public acceptance and use of the Envoii platform. Such public events
                  may
                  include without limitation trade shows, press and analyst meetings,
                  executive briefings, technology discussion panels, and interviews
                  with the
                  media.

              

      

      

      
        	 	
                6.2

              	
                Publicity.
                  Envoii may use Licensee's name in press releases, product brochures
                  and
                  financial reports indicating that Licensee is a customer of Envoii,
                  provided that Envoii gives Licensee prior reasonable notice of
                  its use. If
                  Envoii wishes to use a Customer's name in publicity and marketing
                  materials as a customer of the Envoii engine, Envoii shall give
                  Licensee a
                  prior reasonable notice of its use.

              

      

      

      
        	
                7.

              	
                REPORTS
                  AND AUDITS.

              

      

      

      
        	 	
                7.1

              	
                Reports.
                  Licensee shall maintain complete and accurate records and shall
                  report to
                  Envoii at the end of each calendar quarter identifying all Solutions
                  offered,
                  used internally, and delivered, the names and addresses for each
                  Customer,
                  the actual usage and transaction volume and value, and such other
                  information regarding its performance hereunder as Envoii may reasonably
                  request. 

              

      

      

      
        	 	
                7.2
                  

              	
                Audits.
                  Envoii
                  reserves the right to inspect and test Solutions Deployed by Licensee.
                  In
                  all cases, Envoii shall provide 14 days' written notice of such
                  inspections and tests. Each party shall bear its own costs in such
                  audits,
                  unless they uncover a 5% or greater underreporting of usage by
                  Licensee in
                  any quarter, in which case Licensee shall pay or reimburse Envoii's
                  reasonable cost therefore.

              

      

      

      

      
        	8.	
                TRADEMARK
                  LICENSE.

              

      

      

      
        	 	
                8.1

              	
                License
                  Grant.
                  Envoii hereby grants to Licensee a worldwide, limited, nonexclusive,
                  nontransferable, royalty-free, revocable right to use Envoii trademarks,
                  designated by Envoii in Exhibit
                  D (the
                  “Marks”) solely for the promotion, marketing, and sale of Solutions, in
                  accordance with Envoii's Branding Requirements set forth in Exhibit
                  D,
                  as the same may be revised by mutual Agreement by the
                  parties.

              

      

      

      
        	 	
                8.2

              	
                Quality.
                  Licensee shall ensure that all Solutions satisfy the performance
                  and other
                  specifications set
                  forth in Exhibit
                  D.
                  Envoii may inspect such Solutions which use the Marks on the website,
                  to
                  ensure that such usage complies herewith. Each party shall bear
                  its own
                  costs in such inspections, unless they uncover material breaches
                  hereof by
                  Licensee, in which case Licensee shall pay or reimburse Envoii's
                  reasonable cost therefore.

              

      

      

      
        	 	
                8.3 

              	
                Ownership
                  of Marks.
                  Envoii is the sole owner of the Marks and all goodwill associated
                  therewith. Licensee's use of the Marks inures solely to the benefit
                  of
                  Envoii. Licensee shall take no action inconsistent with Envoii's
                  rights in
                  the Marks. If at any time Licensee acquires any rights in, or
                  registrations or applications for, the Marks by operation of law
                  or
                  otherwise, it will immediately upon request by Envoii and at no
                  expense to
                  Envoii assign such rights, registrations, or applications to Envoii,
                  along
                  with any and all associated goodwill. Envoii may control any litigation
                  concerning the Marks.

              

      

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      
        	9.	
                ESCROW.

              

      

      

      
        	
              	9.1	
                Source
                  Code Package Definition.
                  The term “Source Code Package” for the Solution File Format, Software,
                  Documentation or Envoii Engine
                  means:

              

      

      

      
        	
              	(a)	
                A
                  fully commented and documented copy of the source code for the
                  Solution
                  File Format, Software, Documentation or Envoii Engine as applicable;
                  and

              

      

      

      
        	
              	(b)	
                A
                  complete copy of all explanations, flow charts, algorithms and
                  subroutine
                  descriptions, memory and overlay maps and any other documentation
                  of the
                  source code described above. 

              

      

      

      
        	
              	9.2	
                Delivery
                  of Source Code Package.
                  ,
                  Envoii shall deliver the Source Code Package to its escrow
                  agent.

              

      

      

      
        	
              	9.3	
                Delivery
                  of New Source Code into Escrow.
                  When and if, from time to time Envoii provides Licensee with any
                  modifications, improvements, or any release, revision or upgrade
                  version
                  of the Solution Format File, Software, Documentation or the Envoii
                  Engine
                  (collectively, “New Source Code”), Envoii shall within 10 business days
                  thereafter deposit with the Escrow Agent a Source Code Package
                  for such
                  New Source Code and give Licensee notice of such
                  delivery.

              

      

      

      
        	
              	9.4	
                Escrow
                  Agent and Fees. It
                  is anticipated that Jackson Walker, LLP, a Dallas-based law firm,
                  shall
                  serve as Escrow Agent at Licensee’s expense.

              

      

      

      
        	
              	9.5	
                Release
                  Events for Source Code Escrow Package.
                  The Source Code Escrow Package(s) may be released from the Escrow
                  Agent to
                  Licensee only if Envoii ceases doing business by virtue of its
                  becoming
                  insolvent, party to any bankruptcy under Chapter 7 of the Bankruptcy
                  Code,
                  or party to receivership proceedings that are not dismissed within
                  ninety
                  (90) days of the filing thereof (“Escrow Release
                  Events”).

              

      

      

      
        
          
            	
                  	9.6	
                    Release
                      Event Procedures.
                      If
                      Licensee desires to obtain any Source Code Escrow Package from
                      the Escrow
                      Agent upon the occurrence of one or more of the Escrow Release
                      Events,
                      then Licensee shall comply with the procedures set forth in
                      the Escrow
                      Agreement to document the occurrence of the one or more of
                      the Escrow
                      Release Events. 

                  

          
 

      

      

      
        	10.	
                WARRANTY
                  AND LIMITATION OF
                  LIABILITY.

              

      

      

      
        	
              	10.1	
                Limited
                  Warranty.
                  Envoii warrants that the Solution File Format will perform in substantial
                  accordance with Envoii's published documentation when used in according
                  with this Agreement for a period of one hundred and twenty (120)
                  days. If
                  during this time the Solution File Format does not perform as warranted,
                  Envoii shall make every reasonable effort to correct or replace
                  the
                  Solution File Format. The
                  foregoing remedies are Licensee's sole and exclusive remedies,
                  and
                  Envoii's sole and exclusive duties, for ANY breach of THIS
                  warranty.

              

      

      

      
        	
              	10.2	
                Warranty
                  Disclaimer.
                  Except
                  as set forth above, Envoii hereby disclaims all warranties, whether
                  express, implied, or statutory regarding or relating to the Solution
                  File
                  Format, or any materials or services furnished or provided to Licensee
                  under this Agreement, INCLUDING WITHOUT LIMITATION THE IMPLIED
                  WARRANTIES
                  OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT
                  WITH RESPECT TO THE SOLUTION FILE FORMAT AND SAID OTHER MATERIALS
                  AND
                  SERVICES, AND WITH RESPECT TO LICENSEE'S USE OF ANY OF THE
                  FOREGOING.

              

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      
        	
              	10.3	
                Limitation
                  of Liability.
                  IN
                  NO EVENT WILL ENVOII BE LIABLE FOR ANY LOSS OF PROFITS, LOSS OF
                  USE,
                  BUSINESS INTERRUPTION, LOSS OF DATA, COST OF COVER OR INDIRECT,
                  SPECIAL,
                  INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY KIND IN CONNECTION WITH
                  OR
                  ARISING OUT OF THE FURNISHING, PERFORMANCE OR USE OF THE SOLUTION
                  FILE
                  FORMAT OR SERVICES PERFORMED HEREUNDER, EVEN IF ENVOII HAS BEEN
                  ADVISED OF
                  THE POSSIBILITY OF SUCH DAMAGES. ENVOII'S LIABILITY UNDER THIS
                  AGREEMENT
                  FOR DAMAGES WILL NOT, IN ANY EVENT, EXCEED THE LICENSE FEE PAID
                  BY
                  LICENSEE TO ENVOII UNDER THIS
                  AGREEMENT.

              

      

      

      
        	11.	
                INDEMNIFICATION
                  FOR INFRINGEMENT.

              

      

      

      
        	 	
                11.1 

              	
                Indemnity.
                  Envoii shall, at its expense, defend or settle any claim, action
                  or
                  allegation brought against Licensee that the Solution File Format
                  infringes any copyright or trade secret of any third party and
                  shall pay
                  any final judgments awarded or settlements entered into, provided that
                  Licensee gives prompt written notice to Envoii of any such claim,
                  action
                  or allegation of infringement and gives Envoii the authority to
                  and
                  exclusive right to defend any such claim, action or allegation
                  and make
                  settlements thereof at its own discretion, and Licensee may not
                  settle or
                  compromise such claim, action or allegation, except with prior
                  written
                  consent of Envoii. Licensee shall give such assistance and information
                  as
                  Envoii may reasonably require to settle or oppose such
                  claims.

              

      

      

      
        	 	
                11.2

              	
                Options. 
                  In
                  the event any such infringement, claim, action or allegation is
                  brought or
                  threatened, Envoii may, at its sole option and expense: (a) procure
                  for
                  Licensee the right to continue use of the Solution File Format
                  including
                  allegedly infringing part thereof; (b) modify or amend the Solution
                  File
                  Format or infringing part thereof, or replace Solution File Format
                  or
                  infringing part thereof with other technology having substantially
                  the
                  same or better capabilities; or (c) if (a) and (b) are commercially
                  unfeasible, Envoii may terminate this Agreement and refund to Licensee
                  any
                  fees and royalties paid by Licensee hereunder.

              

      

      

      
        	 	
                11.3

              	
                Exclusions.
                  The foregoing obligations will not apply to the extent the infringement
                  arises as a result of modifications to the Solution File Format
                  made by
                  any party other than Envoii or Envoii's authorized representative,
                  or uses
                  not permitted hereunder.

              

      

      

      
        	 	
                11.4

              	
                Limitation.
                  This Section states the entire liability of Envoii with respect
                  to
                  infringement of any patent, copyright, trade secret or other proprietary
                  right.

              

      

      

      
        	 	
                11.5

              	
                Licensee's
                  Duty. Licensee
                  shall defend, indemnify and hold Envoii harmless against all claims
                  arising from Licensee's marketing, delivery, or Deployment of Solutions
                  or
                  related services, using the Envoii
                  Technology..

              

      

       

      
        
          	12.	
                  PROPRIETARY
                    RIGHTS. 

                

        

      

      

      
        	 	
                12.1

              	
                Ownership.
                  Licensee acknowledges that Envoii owns all intellectual property
                  rights,
                  including without limitation copyrights, patents, trademarks and
                  trade
                  secrets, in the Solution File Format, as well as any improvements
                  to and
                  derivations of said Solution File Format, whether created by Envoii
                  or
                  Licensee. Licensee hereby assigns to Envoii all improvements to
                  and
                  derivations of the Solution File Format created by License, whether
                  or not
                  authorized. 

              

      

      

      

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      
        	
              	12.2	
                Restrictions.
                  Licensee
                  shall not modify, translate, reverse compile or disassemble the
                  Solution
                  File Format. Licensee acknowledges that no copy of the source code
                  of the
                  Solution File Format will be provided to Licensee and Licensee
                  has no
                  right to develop, possess, or use the source code except as may
                  otherwise
                  be provided herein. 

              

      

      

      

      
        	13.	
                CONFIDENTIALITY.
                  

              

      

      

      
        	
              	13.1	
                Confidential
                  Information.
                  By virtue of this Agreement, the parties may have access to information
                  that is confidential to one another (“Confidential
                  Information”).
                  A party's Confidential Information will include only such information
                  as
                  is clearly identified as confidential, and, in the case of providing
                  the
                  information in intangible form initially, the party providing the
                  information shall promptly reduce the information to tangible form
                  and
                  provide it to the other party. A party's Confidential Information
                  will not
                  include information that: (i) is or becomes generally known to the
                  public through no act or omission of the other party; (ii) was in the
                  other party's lawful possession prior to the disclosure; (iii) is
                  lawfully disclosed to the other party by a third-party without
                  restriction
                  on disclosure; or (iv) is independently developed by the other party
                  without use of or reference to the other party's Confidential Information.
                  

              

      

      

      
        	
              	13.2	
                Restrictions.
                  The parties will hold each other's Confidential Information in
                  confidence,
                  and will not make each other's Confidential Information available
                  in any
                  form to any third-party for any purpose except to the extent necessary
                  to
                  exercise its rights under this Agreement. Each party will limit
                  the
                  disclosure of Confidential Information to those of its employees
                  and
                  agents who have a need to know such Confidential Information and
                  who have
                  been made aware of the party's obligations under this Section,
                  and each
                  party will take all reasonable steps to ensure that Confidential
                  Information is not disclosed or distributed by its employees or
                  agents in
                  violation of the terms of this Agreement. Each party will use the
                  other
                  party's Confidential Information only for its own internal business
                  purposes.

              

      

      

      
        	
              	13.3	
                Return
                  of Materials. Upon
                  the termination of this Agreement, each party shall deliver to
                  the other
                  party all of such other party's Confidential Information that such
                  party
                  may have in its possession or
                  control.

              

      

      

      
        	14.	
                TERM
                  AND TERMINATION.

              

      

      

      
        	
              	14.1	
                Term.
                  This Agreement will continue for a term of 24 months from the Effective
                  Date, unless sooner terminated in accordance herewith. This Agreement
                  shall be automatically renewed for additional 12 months unless
                  either
                  party gives the other written notice of terminating this agreement
                  for any
                  reason within one month before the end of this Agreement.
                  

              

      

      

      
        	
              	14.2	
                Termination
                  by the parties.
                  The parties may, by written notice to the other party, terminate
                  this
                  Agreement if: (a) either party commits a material breach hereunder
                  which
                  by its nature is incurable; (b) either party is in material breach
                  of any
                  other term, condition or provision of this Agreement, which breach,
                  if
                  capable of being cured, is not cured within 30 days after giving such
                  party written notice of such breach; or (c) the parties terminates
                  or
                  suspends its business, becomes insolvent, admits in writing its
                  inability
                  to pay its debts as they mature, makes an assignment for the benefit
                  of
                  creditors, or becomes subject to direct control of a trustee, receiver
                  or
                  similar authority, or becomes subject to any bankruptcy or insolvency
                  proceeding under federal or state
                  statutes.

              

      

      

      
        	
              	14.3	
                Survival.
                  All provisions which by their nature or express terms survive termination
                  or expiration of this Agreement, including without limitation obligations
                  regarding treatment of Confidential Information, provisions relating
                  to
                  the payment of amounts due, or provisions limiting or disclaiming
                  Envoii's
                  liability, will continue until fully
                  performed.

              

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      
        	
              	14.4	
                Effect
                  of Termination.
                  Immediately upon termination hereof, Licensee shall not Deploy,
                  distribute, sell, lease, license or sublicense any Solutions, but
                  the
                  sublicenses already granted to Customers as of such termination
                  may
                  continue until terminated in accordance with the terms of the sublicenses
                  therein.

              

      

      

      
        	15.	
                MISCELLANEOUS.

              

      

      

      
        	
              	15.1	
                Independent
                  Contractors.
                  Envoii is an independent contractor under this Agreement. Nothing
                  in this
                  Agreement creates a partnership, joint venture, or agency relationship
                  between the parties.

              

      

      

      
        	
              	15.2	
                Law
                  and Venue.
                  Licensee acknowledges that Envoii is based in the State of California,
                  U.S.A. and requires uniformity and consistency in the laws under
                  which it
                  deals with all of its domestic and international Licensees. Accordingly,
                  this Agreement shall be governed and construed, and all arbitrations
                  hereunder shall be determined, in accordance with the laws of the
                  State of
                  California, without regard to its conflicts of laws rules. The
                  United
                  Nations Convention on Contracts for International Sale of Goods
                  shall not
                  apply to this Agreement.

              

      

      

      
        	
              	15.3	
                Force
                  Majeure.
                  Neither party shall be responsible for any failure to perform due
                  to
                  causes beyond its reasonable
                  control.

              

      

      

      
        	
              	15.4	
                Notice.
                  All notices, including notices of address change, required to be
                  sent
                  hereunder will be in writing and will be deemed to have been given
                  when
                  mailed by first-class mail, return receipt requested and supported
                  by fax
                  transmission to the address for the party after its signature
                  below.

              

      

      

      
        	
              	15.5	
                Severability
                  and Waiver.
                  If any provision of this Agreement is held to be unenforceable,
                  such
                  provision will be enforced to the extent possible consistent with
                  the
                  stated intention of the parties, or, if incapable of such enforcement,
                  will be deemed to be severed from this Agreement, while the remainder
                  of
                  this Agreement will continue in effect. The waiver by either party
                  of any
                  breach of this Agreement will not constitute a waiver of any other
                  or
                  subsequent breach.

              

      

      

      
        	
              	15.6	
                Assignment.
                  Each party may not assign, sell, transfer, delegate, or otherwise
                  dispose
                  of, whether voluntarily or involuntarily, by operation of law or
                  otherwise, this Agreement or any rights or obligations under this
                  Agreement without the prior written consent of the other party.
                  Any
                  purported assignment, transfer, or delegation by Licensee will
                  be null and
                  void. 

              

      

      

      
        	
              	15.7	
                Export.
                  Licensee will comply fully with all relevant export laws and regulations
                  of the United States.

              

      

      

      
        	
              	15.8	
                Entire
                  Agreement.
                  This Agreement together with its exhibits constitutes the complete
                  agreement between the parties and supersedes all prior or contemporaneous
                  agreements or representations, written or oral, concerning the
                  subject
                  matter of this Agreement. This Agreement may not be modified or
                  amended
                  except in writing signed by a duly authorized representative of
                  each
                  party.

              

      

      

      
        	
              	15.9	
                English
                  Language.
                  English is the authoritative text of this Agreement, and all
                  communications, arbitrations, and other adjudications hereunder
                  shall be
                  made and conducted in English. 

              

      

      

      

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      
        	
              	15.10	
                Dispute
                  Resolution.
                  

              

      

      

      
        	 	
                (a)

              	
                Except
                  as otherwise provided below, any controversy or claim arising out
                  of or
                  relating to this Agreement shall be submitted to final and binding
                  arbitration before, and in accordance with, the commercial rules
                  of the
                  International Chamber of Commerce (“ICC”). All arbitrators shall have
                  expertise in the subject matter of the dispute. Judgment upon any
                  arbitration award may be entered in any court having jurisdiction
                  thereof.
                  This provision is self-executing, and in the event that either
                  party fails
                  to appear at any properly noticed arbitration proceeding, an award
                  may be
                  entered against such party notwithstanding said failure to appear.
                  Such
                  arbitration shall be conducted at the ICC's facilities in San Francisco,
                  California, USA. This clause shall survive the termination of this
                  Agreement. 

              

      

      

      
        	 	
                (b)

              	
                Notwithstanding
                  the foregoing: (1) any claim relating to the validity of any of
                  the
                  parties' intellectual property shall not be determined by arbitration,
                  but
                  only by a court located in San Francisco, California, U.S.A., to
                  whose
                  exclusive jurisdiction the parties hereby consent; and (2) either
                  party
                  may seek injunctive and other equitable relief in any court of
                  competent
                  jurisdiction.

              

      

      

       

      

      
        	 ENVOII
                TECHNOLOGIES	 	 	  LICENSEE
	 	 	 	 
	 	 	 	 
	By:
                /s/ Scott A. Haire	 	 	By:
                /s/ 
	
                
Name
                Scott A. Haire	 	 	
                
Name:
	
                Title:President
Address:
                  2225 E. Randol Mill Road -Suite 305

                Arlington, Texas 76011

              	 	 	Title:
                President
Address: 

      

      

      

      

      

      

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
        A

      Envoii
        Solution File Format

      

      1.
         The
        Envoii .nvx file format (uncompressed content).

      

      2.
         The
        Envoii .nvz file format (compressed content).

      

      3.
         Envoii
        class ID references (CLSID).

      

      4.
         Compressed
        Envoii byte code resources. 

      

      5.
         Envoii
        .pth path format.

      

      6.
         Envoii
        3D
        data format.

      

      7.
         Use
        of
        Envoii communication protocols. 

      

      8. Use
        of
        Envoii global identifiers.

      

      9.
         All
        other
        Envoii proprietary formats which are defined in the Software

      

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      EXHIBIT
        B

      Envoii
        Services

      

      Licensee
        technical support and Envoii engine maintenance

      Licensee
        will pay a maintenance fee of $15,000 per year beginning when the CardVoii
        Solution is deployed. Technical support is for Licensee only and is offered
        Monday through Friday, 9 a.m. to 5 p.m. Pacific Time. Envoii Engine maintenance
        consists of free Envoii Engine upgrades,
        which include only bug fixes and free Envoii Engine additions
        and does not include any additional or new Envoii Engine services.
        

      

      Licensee
        Payment solutions Development:

      

      Licensee
        and Licensor shall work on a Project by project Basis to determine the
        applications that Licensee will use under this License agreement. The timing
        and
        cost will be at a Cost plus 20% mark up for developing such solutions to
        be paid
        to Envoii Technologies 

      

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      EXHIBIT
        C

      Envoii
        Marks and Branding Requirements

      

      
        	1.	
                Envoii
                  Marks

              

      

      

      The
        Trade Marks are the Triangle the bears the Envoii Trade Mark in
        it. 

      

      
        	2.	
                Branding
                  Requirements

              

      

      

      
        	 	
                There
                  are certain generic operations and user interactions that are required
                  to
                  be implemented in all Solutions, regardless of the content creator:
                  

              

      

      

      
        	 	
                ·

              	
                Dragging
                  a Solution from place to place. A small “envoii” cursor text appears (this
                  may be replaced with something else in the
                  future);

              

      

      

      
        	 	
                ·

              	
                Interacting
                  with a Solution on the desktop to minimize, maximize, destroy,
                  clone, or
                  stow it;

              

      

      

      
        	 	
                ·

              	
                Interacting
                  with Solutions on the desktop tray;
                  and

              

      

      

      
        	 	
                ·

              	
                Indicating
                  state of a Solution on mouse-over (i.e.“you
                  can drop a Solution on me,” “you can copy me,” “you can drag me to
                  desktop.”).

              

      

      

      Envoii
        may prescribe by written notice the appearance, design, colors, etc. of text,
        icons, highlight techniques associated with these activities. The overall
        objective is to develop a universal and consistent visual vocabulary associated
        with Solutions.

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      EXHIBIT
        D

      

      Envoii
        Pending Patents

      

      

      

      
        	
                Patent
                  Application Title

              	
                Patent
                  Application Serial #

              	
                App
                  filing date

              	
                Status

              	
                Reel/Frame
                  # 

              
	
                Method
                  and Apparatus for a Distributable Envoii Object

              	
                09/852,971

              	
                5/8/2001

              	
                Pending

              	
                012639/0315

              
	
                Method
                  and Apparatus for Enabling a Portable Graphic Object

              	
                09/852,979

              	
                5/8/2001

              	
                Pending

              	
                012152/0362

              
	
                Method
                  and Apparatus for a Distributable Object Architecture

              	
                09/852,963

              	
                5/8/2001

              	
                Pending

              	
                012440/0756

              
	
                Method
                  and Apparatus for a Portable Information Account Access
                  Agent

              	
                PCT/US01/28150

              	
                9/6/2001

              	
                Pending
                  status expected May, 2003

              	
                No
                  assignment yet executed or recorded

              
	
                Method
                  and Apparatus for a Distributable Globe Graphical Object

              	
                09/954,724

              	
                9/12/2001

              	
                Pending

              	
                012690/0924

              

      

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    12Exhibit 10.5 for Form 10-K 123106

     

    

    

    FACILITIES
      OCCUPANCY, MANAGEMENT AND SUPPORT SERVICES

    AGREEMENT

    

    

    

    

    This
      Facilities Occupancy, Management and Support Service Agreement (this
“Agreement”) is entered into as of the first day of November, 2006, by and
      between Citicorp North America, Inc. (“Manager”), a Delaware corporation having
      an office at 3800 Citibank Center, Tampa, Florida, and The Student Loan
      Corporation (“Customer”), a Delaware corporation having an office at 99 Garnsey
      Road, Pittsford, New York.

    

    

    WHEREAS,
      Customer is the tenant of certain premises more particularly described in
      Exhibit A attached hereto (the “Property”) in the building known as 99 Garnsey
      Road, Pittsford, New York;

    

    WHEREAS,
      Customer desires continued occupancy rights, access to and use of the
      Property;

    

    WHEREAS,
      Customer desires to obtain from Manager, in connection with its occupancy of
      the
      Property, certain facilities management and support services (“Services”) as set
      forth in this Agreement, and 

    

    WHEREAS,
      Manager
      is willing to provide such occupancy rights, access to and use of the Property
      and facilities management and support services on the terms and conditions
      as
      set forth in this Agreement.

    

    NOW
      THEREFORE,
      in
      consideration of a fee and of the mutual covenants and agreements hereinafter
      set forth and other valuable consideration, the receipt and adequacy of which
      is
      hereby acknowledged, the parties agree as follows:

    

    

    

    SECTION
      A: OCCUPANCY

    

    
      	1.  	
              Access.
                Subject to the terms and conditions of this Agreement, Manager hereby
                grants to the Customer access to and use of a portion of the Property
                (as
                set forth in Exhibit A). Manager shall permit the customerto use
                the
                Property for the operation of the Business. The Customer, its employees,
                agents and invitees shall have full and unlimited access to use the
                Customer’s portion of the Property and the common area related thereto
                only for the purposes described herein and, in its use of the Property,
                the Customer shall observe the restrictions and any other rules or
                regulations of Manager relating to the use of the Property. The Customer,
                its employees, agents and invitees will have access to and use of
                the
                cafeteria, elevators and corridors during the term of this Agreement.
                Manager shall not use, or permit the use of, the Property in a way
                which
                materially diminishes the rights granted to the Customer hereby.
                Manager
                shall cooperate with and accommodate the Customer, its employees,
                agents
                and invitees in providing reasonable access to the Property at all
                times
                to the same extent such access is available to Manager, subject only
                to
                restrictions agreed upon by the Customer, caused by intervention
                of
                governmental authority or force
                majeure.

            

    

     

     

     

    1

    
 

    
      	2.  	
              Use.
                The Customer shall use the Property only for substantially the same
                purposes as they currently are used in connection with the operation
                of
                the Business, and shall comply with all laws, rules, regulations
                and
                ordinances at any time pertinent to the Property. The Customer
                acknowledges that rules and regulations promulgated by Manager with
                respect to the Property may be subject to change over time in Manager’s
                reasonable discretion upon consultation with the
                Customer.

            

    

    

    
      	3.  	
              Parking
                Spaces. Manager
                shall provide adequate parking for the Customer’s employees, agents and
                invitees at reasonable volume levels within the existing parking
                area.
                Space for handicapped persons and other special employees (such as,
                by way
                of example and not limitation, service incentive recipients) shall
                be
                provided in substantially the same manner as provided prior to the
                date
                hereof.

            

    

    

    

    

    SECTION
      B
BUILDING
      OPERATIONS AND EXPENSES

    

    Property
      Maintenance
      Manager
      shall use its best efforts to maintain the Property in substantially the same
      manner as the Property had been maintained prior to the date hereof, reasonable
      wear and tear excepted. Necessary repairs shall be made promptly and in
      workmanlike manner. Manager shall provide exterior and interior building
      structure, grounds, furniture, fixture and equipment maintenance and repair,
      and
      assume responsibility for the operating expenses of the Property (as set forth
      in Exhibit B attached hereto).

    

    

    SECTION
      C
PREMISES
      SERVICES

    

    
      	1.  	
              Services
                to be Performed.
                Manager shall perform the following services (the “Service”) for Customer
                in connection with its occupancy of the Property as more full described
                in
                Exhibits B and C attached hereto:

            

    

    

    
      	1.  	
              Real
                Estate and Construction Services;

            

    

    

    
      	2.  	
              Property
                Management Services; and

            

    

    

    
      	3.  	
              Life
                Safety Services.

            

    

    

    

    To
      Coordinate provision of the Services at the Property, a Site Manager located
      on
      premises will be assigned by Manager to support Customer. Although the Customer
      may contact the Manager directly, the Site Manager will serve as a local contact
      for the Customer’s routine needs. Upon request from Customer, other building
      services may be performed by Manager as set forth in Exhibit D, at an additional
      cost to the Customer.

    

    
      	2.  	
              Service
                Standards.
                During the Term (as hereinafter defined) of the Agreement, Manager
                will
                perform the Services in accordance with the standards set forth in
                Exhibit
                E attached hereto (“Service Level Standards”). Where appropriate, specific
                MIS will be developed to measure Manager’s performance against Service
                Level Standards. From time to time, Manager may request Customer
                to
                provide feedback in the form of meetings, questionnaires, or data
                collection so that Manager is able to access its progress against
                Service
                Standards. Periodically, Manage will meet with Customer to formally
                request feedback on the overall quality of the Services being provided,
                identify areas for improvement and develop suggestions to improve
                Service
                delivery.

            

    

     

    2

     

     

    
      	3.  	
              Responsibility
                of Customer.
                Customer agrees to undertake certain obligations to facilitate Manager’s
                provision of the Services, which shall include, without limitations,
                the
                following:

            

    

    

    Customer
      will appoint as liaison with Coordinating Manager an individual (the “Customer
      Coordinator”) who will be responsible for coordinating real estate,
      construction, safety and property support services issues for Customer and
      the
      communication of other service-related issues between Customer and
      Manager.

    

    

    
      	4.  	
              Authority
                of Manager.
                Manager shall perform the Service for Customer as an independent
                contractor on a non-exclusive basis, and nothing contained herein
                shall be
                deemed to create any association, partnership, joint venture, or
                relationship of employer and employee between the parties hereto
                or any of
                their respective affiliates or subsidiaries. Customer hereby appoints
                Manager as its agent to negotiate and/or award any and all contracts
                incidental and necessary to the performance by Manager of the Services
                and
                to approve and pay any and all invoices for services provided for
                the
                Property to the extent such contracts and invoices comply with Citicorp
                policies. In each instance, Manager shall execute such contract or
                approve
                such invoices on behalf of Customer. Manager shall obtain and maintain
                evidence of: (i) current liability insurance (including, without
                limitation, employer’s liability, automobile liability and comprehensive
                general liability) in such amounts as shall be determined by Manager,
                (ii)
                fidelity insurance containing a third party endorsement, if available,
                in
                form and amounts determined by Manager, and (iii) worker’s compensation
                insurance in statutory amounts, from all third parties performing
                Services
                specified herein or such other services as customer shall request
                from
                Manager from time to time in writing, except that Manager shall have
                authority to perform those acts incidental and necessary to its
                performance hereunder.

            

    

    

    

    
      	5.  	
              Compliance
                with Laws.
                Each party hereto agrees that it shall comply with all applicable
                federal,
                state, and local laws, ordinances, codes and regulations in the
                performance of its obligations under this Agreement, including the
                procurement of permits and certificates where required. If at any
                time
                during the term of this Agreement, a party is informed or information
                comes to its attention that it is or may be in violation of any law,
                ordinance or code (or if it is so determined by any court, tribunal
                or
                other authority), that party shall immediately take all appropriate
                steps
                to remedy such violation and comply with such law, regulation, ordinance
                or code in all respects. Further, each party shall establish and
                maintain
                all proper records (particularly, but without limitation, accounting
                records) required by any law, code of practice or corporate policy
                applicable to it from time to time.

            

    

    

    

    
      	6.  	
              Indemnification.
                Each party to this Agreement shall indemnify and hold harmless the
                other
                party and any of its directors, officers, employees and agents from
                and
                against any action or threatened action, suit or proceeding arising
                out of
                or as a result of, the indemnifying party’s performance under this
                Agreement and against any and all claims, expenses, losses or damages
                (including reasonable attorneys’ fees that result from the actions or
                inaction of the indemnifying party); provided, however, that in no
                event
                shall a party to this Agreement be obligated for any claims, expenses,
                losses, or damages resulting from the negligent or willful acts or
                omissions of the other party, its agents, employees or
                subcontractors.

            

    

    

    A
      party
      seeking indemnification under this Agreement shall (i) give prompt written
      notice to the indemnifying party as to the existence of the indefinable event,
      (ii) provide such information, cooperation and assistance as may reasonably
      be
      necessary for the defense of such action or claim and (iii) grant full authority
      to the indemnifying party to defend or settle such action or claim. A party
      seeking indemnification shall not compromise or settle any action or claim
      without the consent of the indemnifying party.

     

     

    3

     

     

    
      	7.  	
              Force
                Majeure.
                In
                the event that either party is unable to fulfill any of its obligations
                under this Agreement, other than the payment of money, because of
                causes
                beyond its reasonable control, such party will give immediate notice
                thereof to the other party and, upon such notice being given, such
                obligation or obligations shall be suspended during the continuance
                of
                such cause beyond such party’s control. Causes beyond a party’s control
                shall include fire, flood or other natural disaster, wars, civil
                wars,
                riots or civil commotion; priorities or other government allocations
                or
                controls; lockouts, strikes or other work stoppages; interference
                or
                restraint of public authority (whether lawful or not); explosion
                or
                accident; epidemics or quarantine restrictions; or any cause which
                it
                cannot provide against by the exercise of reasonable
                diligence.

            

    

    

    
      	8.  	
              Confidentiality.
                The Customer and the Manager agree that all information provided
                pursuant
                to this Agreement by each party to the other party is confidential
                and
                proprietary to the party providing the information and no party shall
                use
                any information provided by the other party for any purpose other
                than as
                permitted or required for performance under this Agreement. Each
                party
                agrees not to disclose or provide any information provided by the
                other
                party to any third party (with the exception of (i) any parent, affiliate
                or subsidiary, which is bound to retain the confidentiality of the
                information; (ii) employees who have a need to know in the course
                of
                performing Services pursuant to this Agreement, provided that such
                employees are bound to retain the confidentiality of the information;
                (iii) third party vendors as necessary for the Manager to provide
                Services
                to the Customer under this Agreement, provided that such vendors
                are bound
                to retain the confidentiality of this information; and (iv) the Customer’s
                disclosure of data to its external auditors) without the express
                written
                consent of the other party, and each party agrees to take all reasonable
                measures, including, without limitation, measures taken by each party
                to
                safeguard its own confidential information to prevent any such disclosure
                by employees, agents, or contractors. In no event shall the Customer
                divulge to any third party the contents in any invoices/charge
                documentation that it receives from the Manager, without the written
                consent of the Manager. Nothing provided herein shall prevent any
                party
                from disclosing information to the extent the information (i) is
                or
                hereafter becomes part of the public domain through no fault of that
                party; (ii) is received from or furnished to a third party without
                similar
                restriction of the third party’s rights; (iii) is independently developed
                by it; (iv) is disclosed pursuant to requirements of law; or (v)
                is
                already known to it. If either party hires another person to assist
                it in
                the performance of this Agreement, or assigns any portion of its
                rights or
                delegates any portion of its responsibilities or obligations under
                this
                Agreement to another persona, the assigning or delegating party shall
                cause its assignee or delegate to be bound to retain the confidentiality
                of the information.

            

    

    

    
      	9.  	
              Taxes.
                Customer shall pay all taxes levied or based upon the Services rendered
                in
                accordance with this Agreement, and Manager has the right to collect
                any
                and all applicable sales or use taxes from the Customer. If Manager
                does
                not impose sales and use taxes, then Customer agrees to self-impose
                such
                taxes on payments under this Agreement and shall not hold Manager
                responsible for any unpaid taxes not charged or self-imposed by Customer.
                Notwithstanding the foregoing provision, Customer shall have no liability
                and Manager shall be solely responsible for the payment of any taxes
                which
                are based on Manager’s income and any assessments/penalties related
                thereto.

            

    

    

    
      	10.  	
              Assignment.
                Neither party may assign any of its rights, obligations or
                responsibilities under this Agreement at any time without the prior
                written consent of the other (such consent not to be unreasonably
                withheld), except that either party may assign such obligations and
                responsibilities at any time to its parent or any of its subsidiaries
                or
                affiliates having reasonably adequate resources to perform the obligations
                and undertake the responsibilities under this Agreement. All terms
                and
                conditions of the agreement shall be binding upon and shall inure
                to the
                benefit of the parties hereto and their successors and authorized
                assigns.
                Notwithstanding the foregoing, it is expressly understood and agreed
                by
                Customer that Manager may provide the Service through an affiliate
                of
                Manager or other third party.

            

    

    

    

     

    4

     

     

     

    
      	11.  	
              Corporate
                Authority; Further Assurances.
                Each party represents that it has taken all necessary corporate action
                to
                authorize the execution and consummation of this Agreement and will
                furnish the other party with satisfactory evidence of same upon request.
                Each party agrees to negotiate in good faith the execution of such
                other
                documents or agreements as may be necessary or desirable for the
                implementation of this Agreement and the effective execution of the
                transactions contemplated hereby, and will continue to do so during
                the
                term of the Agreement.

            

    

    

    
      	12.  	
              Notices.
                All notices, demands and other communications hereunder shall be
                in
                writing and shall be deemed given to the other party when delivered
                in
                person, by overnight delivery or sent by certified or registered
                mail,
                return receipt requested, postage prepaid, to the following
                address:

            

    

    

    

              
      Manager:                Citicorp
      North America, Inc.

             
      Attn: Christine Fogarty, VP/Sr. Asset Manager

             
      1000 Technology Drive, MS #401

             
      O’Fallon, MO 63368-2240

    

               Customer:               The
      Student Loan Corporation

             
      Attn: Legal Department

             
      99 Garnsey Road

     
              Pittsford, NY 14534

     

    SECTION
      D FEE

     

    
      	1.  	
              Payment
                for Services and Expenses.
                As compensation for the Occupancy, and Facility Management and Support
                Services, Customer shall pay to Manager or such third party as Manager
                may
                designate, on or before the tenth (10th)
                day of every month, the amount set forth in Exhibit F attached hereto
                (the
                “Fee”), which fee represents the fair market value of the use of the
                Property and Services provided. Manager and Customer agree to renegotiate
                the fee in good faith on an annual basis, such new fee to be effective
                for
                a twelve (12) month period beginning January 1st
                of
                each year, but subject to adjustment during that twelve month period
                if
                required due to change(s) in level of Service, execution of major
                projects
                or scope of Customer’s tenancy. Customer further agrees to reimburse
                Manager for any third party fees or expenses which Manager may be
                requested to incur as a direct result of providing any Service hereunder
                to the extent such third party fees and expenses comply with Citigroup
                policies. All other costs for Services not specifically provided
                for in
                this Agreement will be negotiated between Customer and Manager. Any
                proposed change to the Fee resulting from a change in the level or
                nature
                of the Services provided or an increase in the Customer’s occupancy square
                footage must be approved in writing by Customer and Manager prior
                to the
                change. A change in Customer’s square footage occupancy shall result in a
                corresponding change to the fee and space allocation, such change
                to be
                approved in writing by Manager and
                Customer.

            

    

    

    Customer
      shall have the right, during normal business hours, to inspect Manager’s books
      and records with respect to the Services. Manager shall keep adequate records
      of
      its Services hereunder and all costs and expenses associated
      therewith.

     

     

    Term
      and Termination.
      This
      Agreement shall commence on the date hereof and will continue in full force
      and
      effect until May 31, 2014, or sooner termination, provided any such sooner
      termination is previously mutually agreed to by Manager and
      Customer.

    5

     

     

    
Entire
      Agreement.
      This
      Agreement is the sole agreement between the parties with respect to the
      provision of the Services, and supercedes
      all prior oral or written agreements
      for the
      Services. This agreement may be signed in counterparts, all of which taken
      together shall constitute one instrument. This Agreement may be amended only
      by
      the written agreement of the parties.

    

    

    Waiver.
      Either
      party may delay or forego exercising any of its rights under this Agreement
      without waiving any of its rights.

    

    

    Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York.

    

    

    

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto have caused this Agreement to be executed as of the date first
      written above.

    

    

    

    CUSTOMER:      MANAGER:

    

    

    The
      Student Loan Corporation    Citicorp
      North America, Inc.

    

    

    

    By:       
      /s/ M J Reardon                            By:
      /s/ Michael P. Zahn

    

    Name: 
      Michael J. Reardon          
Name: 
      Michael P. Zahn

    Title:    President
      and CEO              Title:    
      Sr. Vice President

    

    

     

     

     

     

     

     

     

     

    
 

    

    

    6

    

     

    

    

    EXHIBIT
      A

    

    

    

    PROPERTY

    

    

    

    

    For
      purposes of this Agreement, in 2006, the Customer occupies approximately
      Seventy-one thousand eight hundred eighty-three (71,883) rentable square feet
      of
      office space and allocated common space at the Property located at 99 Garnsey
      Road, Pittsford, New York.

    

    Effective
      January 1, 2007, Customer’s allocated rentable square footage shall be 75,596
      rentable square feet.

    

    The
      Customer’s rentable square footage is subject to annual adjustment during the
      term of this Agreement, upon the terms and conditions of this
      Agreement.

    

    

    

    

    

    

    

    

    

    

     

     

     

    

    

    

    

    

    

    

    

    

    

    

    
7

    
 

    EXHIBIT
      B

    

    PREMISES
      SERVICES INCLUDED IN FEE

    

    

    
      	·  	
              Base
                Building Operations

            

    

    

    
      	o  	
              Property
                and School Taxes including any levies or special
                assessments

            

    

    
      	o  	
              Utilities
                services including heat, electricity, water and gas/oil. All
                telecommunications usage expenses associated with the Customer will
                be the
                sole responsibility of the
                Customer.

            

    

    
      	o  	
              Security
                Systems maintenance and repair

            

    

    
      	o  	
              Building
                Access Control and Security Maintenance and
                Repair

            

    

    
      	o  	
              Electrical
                distribution System Maintenance and
                Repair

            

    

    
      	o  	
              Emergency
                Generator, transfer switch, UPS System Maintenance and
                Repair

            

    

    
      	o  	
              HVAC
                Systems Maintenance and Repair

            

    

    
      	o  	
              Life/Fire/Safety
                Systems Maintenance and Repair

            

    

    
      	o  	
              Interior
                and Exterior water systems Maintenance and
                Repair

            

    

    
      	o  	
              Roof,
                structure, glass, building structure Maintenance and
                Repair

            

    

    
      	o  	
              Parking
                Lot Maintenance (including resurfacing as needed, plowing and
                salting)

            

    

    
      	o  	
              Exterior
                Building Signage and Flag Pole Maintenance and
                Repair

            

    

    
      	o  	
              Exterior
                Landscape service

            

    

    
      	o  	
              Interior
                office/common area plant care (excludes any employee purchased
                plants)

            

    

    
      	o  	
              Light
                bulb/Lighting replacement

            

    

    
      	o  	
              Environmental
                monitoring, maintenance and repairs as
                needed

            

    

    
      	o  	
              Elevators
                maintenance and repair

            

    

    
      	o  	
              General
                touch-up building interior painting

            

    

    

    

    
      	·  	
              Building
                Services

            

    

    

    
      	o  	
              Cleaning
                services (Including vacuuming, general dusting, lavatory cleaning
                and
                supply replacement, floor washing, window cleaning, carpet shampoo
                maintenance program

            

    

    
      	o  	
              Emergency
                Lock replacement or access service (Furniture and
                Office)

            

    

    
      	o  	
              Coordinate
                and implement fire and safety evacuation
                plans

            

    

    
      	o  	
              Rubbish
                collection and removal

            

    

    
      	o  	
              Recycle
                collection and removal

            

    

    
      	o  	
              Pest
                Control

            

    

    
      	o  	
              Minor
                furniture repairs/replacement
                services

            

    

    
      	o  	
              Minor
                AV support and presentation set up services (Excluding cost of out-source
                labor or equipment if required)

            

    

    
      	o  
	Building
              Furniture Storage Management (Does not include businesses supplies
              and
              equipment storage costs) 

      	o  	
              Restack
                coordination and implementation services (excludes actual cost of
                labor,
                equipment, telecom charges or any other hard costs associated with
                a move
                or cubical reconfiguration).

            

    

    

     

     

    
 

    8

     

     

    EXHIBIT
      C

    

    SERVICES

    

     

    The
      Services to be provided pursuant to this Agreement shall include the
      following:

     

    
      	·  	
              Real
                Estate and Construction Services, including
                without limitation, site acquisitions, property disposition, leasing,
                construction project management, relocation and space
                planning.

            

    

    

    
      	·  	
              Property
                Management Services,
                including, without limitation, maintenance operations, contract building
                services, occupancy expense management and leased property
                administration.

            

    

    

    
      	·  	
              Life
                Safety Management Services,
                including, without limitation, physical security, safety management
                and
                environmental management.

            

    

    

    

    
      	1.  	
              REAL
                ESTATE and CONSTRUCTION
                SERVICES

            

    

    

    

    
      	·  	
              Leasing/Site
                Acquisitions

            

    

    

    With
      respect to leasing, upon request from the Customer, Manager will review existing
      availability of Citicorp properties, secure as necessary, brokers and legal
      counsel to satisfy leasing objectives; and negotiate lease terms on behalf
      of
      Customer. Customer will have final approval of any proposed lease as well as
      the
      expense associated therewith.

    

    With
      respect to site acquisitions, upon request from Customer, Manager will perform
      all necessary research, studies and analysis, and negotiate the acquisition
      on
      behalf of Customer. Such activities will be guided by objectives as provided
      by
      Customer. Legal fees and other third-party related charges associated with
      the
      acquisition shall be the responsibility of Customer. Customer will have final
      approval of any proposed site acquisition as well as the expenses associated
      therewith.

    

    
      	·  	
              Property
                Disposition

            

    

    

    Upon
      request from Customer, Manager will review the market and obtain brokers as
      required, and negotiate the sale, sublease or termination of the existing lease
      on behalf of Customer. Legal fees and other third-party related charges
      associated with the disposition will be the responsibility of Customer. Customer
      will have final approval of any proposed disposition as well as the expense
      associated therewith.

    

    
      	·  	
              Construction
                Project Management

            

    

    

    A
      Project
      Manager will be assigned with the responsibility for preparing project plans
      and
      schedules (utilizing a Citicorp approved architectural firm); coordinate
      telecom/datacom requirements with CGTI; present for business approval drawings,
      color and finish schemes, and prepare budgets and expense forecasts for Customer
      to develop an MEP.

     

    
 

    9

     

     

    Upon
      receipt of an approved MEP, the Project Manager will select a general
      contractor, prepare bid documents and award construction contracts on behalf
      of
      Customer. The Project Manager has the responsibility to take all steps necessary
      to effectively manage and monitor the construction and installation (including
      applicable systems and equipment) against the project plan, schedule and budget.
      Customer will continually be advised of project status including the cost and
      timing implication of out-of-scope additions or deletions. All construction
      activities, signage, etc., and the acquisition of FF&E, artwork, etc., will
      follow Citicorp policies and be in accordance with all applicable local, state
      and federal ordinances, laws and regulations.

    

    
      	·  	
              Space
                Planning

            

    

    

    A
      Space
      Planning Manager will review with Customer various space requirements to achieve
      a complete understanding of Customer’s operations and physical requirements,
      including, without limitation; organizational structure; relationships and
      interface requirements; and systems and equipment. A program report will be
      prepared by the Space Planning Manager detailing the space requirements along
      with the planning and design criteria.

    

    
      	·  	
              Continuity
                of Business (COB) Planning

            

    

    

    A
      Project
      Manager will review with Customer various COB requirements to achieve a complete
      understanding of Customer’s operational and physical requirements. The Project
      Manager will work with Customer to develop and maintain a COB plan as it
      pertains to premises related issues.

    

    

    
      	2.  	
              PROPERTY
                MANAGEMENT

            

    

    

    
      	·  	
              Maintenance
                Operations

            

    

    

    A
      Maintenance Operations Manager will provide, directly through contract vendors
      or, where Customer leases the Property, indirectly through Landlord, appropriate
      services to maintain, and when necessary repair, the structural elements and
      mechanical systems of the Property, including, without limitation, signage;
      HVAC; electrical and plumbing systems; structural components; janitorial and
      carpentry services; painting; and carpet cleaning.

    

    Maintenance
      service can be regularly requested by Customer as may be required utilizing
      a
      work-order system. For emergency conditions/situations, Customer may contact
      Manager directly. Manager agrees to provide Customer with such emergency
      services are required after normal working hours.

    

    
      	·  	
              Contract
                Building Services

            

    

    

    Utilizing
      industry standards and the requirements of Customer, Manager will prepare
      specifications and bid documents, award service contracts and, in conjunction
      with the Site Manager, implement a quality assurance program to ensure that
      optional performance is continually provided by the third party
      contractors.

    

    
      	·  	
              Occupancy
                Expense Management

            

    

    

    Manager
      will develop with Customer all premises related budgets and will regularly
      monitor and maintain actuals and forecasts for Customer on a per Property basis.
      This includes all capital maintenance and project (WIP) related accounting
      practices. Where applicable, Manager will perform occupancy allocations based
      on
      square footage.

     

     

    10

     

     

    
      	·  	
              Leased
                Property Administration

            

    

    

    Manager
      is responsible for the verification and payment of rent on leased facilities.
      Where applicable, Manager will also perform/process receivables on tenant
      related spaces/facilities and oversee payment and where appropriate, the
      protesting of real estate taxes. Property information will be maintained so
      that
      critical information pertaining to lease provisions and physical characteristics
      of the Property are adequately maintained and made readily available to
      Customer.

    

    

    
      	3.  	
              LIFE
                SAFETY MANAGEMENT

            

    

    

    All
      safety, security and environmental activities will be performed in accordance
      with all applicable local, state and federal codes, ordinances, laws and
      regulations. Manager will interpret regulatory matters as required and inform
      Customer of any regulatory concerns which may impact its operation. On behalf
      of
      Customer, Manager will ensure adherence with local, state and federal codes,
      laws and ordinances and Citicorp policy. Manager will be available to consult
      with Customer on these matters as may be required.

    

    

    

    
      	·  	
              Safety
                Management

            

    

    

    Manager
      will regularly perform audits of the Property following the Citicorp Safety
      & Fire Prevention Program, Occupational Safety & Health Act (OSHA), and
      other standards or laws which may be imposed on Customer. These audit findings
      will be reported to Customer and will identify any corrective action needed.
      Manager will also provide specialized training as may be required by Citicorp
      policy or governmental agencies.

    

    
      	·  	
              Environmental
                Management

            

    

    

    Manger
      will perform environmental assessments to determine the presence of any health
      or environmental risks associated with the Property. A typical assessment will
      include; prior and present use; neighboring activities; underground storage
      tanks; asbestos; and PCB’s. Based on findings of an assessment, Manager will
      implement, with Customer, appropriate risk management plans, including, without
      limitation, an operations and maintenance (O&M) program and abatement or
      remediation action.

    

    

    

     

     

     

     

     

    
 

     

     

     

     

     

    11

     

     

    EXHIBIT
      D

    

    PREMISES
      SERVICES AVAILABLE AT ADDITIONAL CHARGE

    

    

    
      	·  	
              Project
                Management

            

    

    
      	o  	
              Consultants
                (Architects, Engineers, etc.)

            

    

    
      	o  	
              Construction
                of interior office space

            

    

    
      	o  	
              Furniture

            

    

    
      	o  	
              Relocation
                Services

            

    

    

    
      	·  	
              Supplemental
                Cleaning Services (Including
                Furniture)

            

    

    

    
      	·  	
              Free-Standing
                Water Cooler Installation and
                Servicing

            

    

    

    
      	·  	
              Painting
                (outside of General Maintenance &
                Upkeep/Touch-up)

            

    

    

    
      	·  	
              Porter
                assistance for special services, events, staff moves, shelving and
                furniture installation or moves)

            

    

    

    
      	·  	
              Cubicle
                reconfiguration

            

    

    

    
      	·  	
              Ordering
                and installation of name plates, poster boards, interior &
                exterior business specific signage

            

    

    

    
      	·  	
              Minor
                data and telcom cabling

            

    

    

    
      	·  	
              Facilitating
                locksmith services for safes or other secured areas (Common office
                furniture and office door lock repair and replacement included in
                base
                fee)

            

    

    

    

    This
      listing represents services most frequently requested, and is not intended
      to be
      all inclusive.

    Services
      are building-specific to 99 Garnsey Road, Pittsford New York.

    

    

    

     

     

     

     

     

     

    
 

     

     

     

     

    12

     

     

    EXHIBIT
      E

    

    SERVICE
      LEVEL STANDARDS

    

    

    The
      following is an outline of Service Level Standards and associated response
      times
      to those services:

    

    

    
      	ITEM 	COVERAGE 	RESPONSE TIME 
	 	 	 
	
              Emergency Situations

               

            	
              24 hours a day

              7 days a week 

            	
              Immediate

               

            
	 	 	 
	
              Building Critical Systems

               

            	
              24 hours a day

              7 days a week 

            	
              Immediate

               

            
	 	 	 
	
              Security
                Services

               

            	
              24
                hours a day

              7
                days a week 

            	
              Immediate

               

            
	 	 	 
	
              Furniture & Equipment*

              (Repairs and purchases) 

            	
              8am
                - 5pm

              Monday
                - Friday 

            	
              10
                Business Days

               

            
	 	 	 
	
              Maintenance & Repair

               

            	
              8am
                - 5pm

              Monday
                - Friday 

            	
              10
                Business Days

               

            
	 	 	 
	
              Financial Reporting

               

            	
              8am
                - 5pm

              Monday
                - Friday 

            	
              20 Business Days

               

            

    

      

     

        

    
 

    Staffing

    

    A
      minimal
      level of staffing will be established to maintain the Property. The primary
      responsibility of these individuals will be the Garnsey Road premises. The
      minimum level of staffing will be as follows:

    

    
      	(1)  	
              Building
                Operations Manager

            

    

    

     

    

    *Subject
      to Citicorp Purchasing Policies

     

     

     

     

     

    13

     

     

    

    EXHIBIT
      F

    

    FEE

    

    

    

    The
      Fee
      for the Occupancy of the Property and Services provided by Manager to Customer
      in 2006 shall be an estimated sum of approximately Two Million Three Hundred
      Three Thousand One Hundred Thirty-One Dollars and Thirty-Two Cents
      ($2,303,131.32) per annum, payable in estimated monthly installments of
      approximately One Hundred Ninety-One Thousand Nine Hundred Twenty-Seven Dollars
      and Sixty-One Cents ($191,927.61).

    

    The
      estimated Fee for the Occupancy of the Property and Services provided by Manager
      to Customer in 2007 shall be Two Million Three Hundred Seventy-Four Three
      Hundred Eighty-Five Dollars and Ninety Cents ($2,374,385.90) per annum, payable
      in estimated monthly installments of approximately One Hundred Ninety-Seven
      Thousand Eight Hundred Sixty-Five Dollars and Forty-Nine Cents
      ($197,865.49).

    

    The
      Fee
      for Occupancy and Services is subject to annual adjustment during the term
      of
      this Agreement, upon the terms and conditions of this Agreement.

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    14

     

     

     

    EXHIBIT
      G

     

    

      

        

          
            	
                    Total
                      Site 2007 forecast as of Aug 15, 2006

                  	
                    PITTSFORD,
                      NY (GARNSEY RD)

                  	 	 	 	 	 	 	 	 	 
	 	
                    Forecast

                  	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Garnsey
                      Road = 78,993 RSF Total

                  	
                    Year
                      2007

                  	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    SLC
                      = 75,596 RSF (95.7%)

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	
                    Rate

                  
	
                    CIB
                      COB = 3,397 RSF (4.3%)

                  	 	 	 	 	 	 	 	 	 	 	 	 	
                     Per
                      RSF/Yr

                  
	 	
                    Jan
                      

                  	
                    Feb
                      

                  	
                    Mar
                      

                  	
                    Apr
                      

                  	
                    May
                      

                  	
                    Jun
                      

                  	
                    Jul
                      

                  	
                    Aug
                      

                  	
                    Sep
                      

                  	
                    Oct
                      

                  	
                    Nov

                  	
                    Dec

                  	
                    Full
                      Year

                  	
                    78993

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Base
                      Rent

                  	
                    116,366
                      

                  	
                    116,366
                      

                  	
                    116,366
                      

                  	
                    116,366
                      

                  	
                    116,366
                      

                  	
                    116,366
                      

                  	
                    116,366
                      

                  	
                    116,366
                      

                  	
                    116,366
                      

                  	
                    116,366
                      

                  	
                    116,366
                      

                  	
                    116,366
                      

                  	
                    1,396,392
                      

                  	
                    $
                      17.68 

                  
	
                    Utilities
                      Paid to Landlord

                  	
                    10,210
                      

                  	
                    10,210
                      

                  	
                    10,210
                      

                  	
                    10,210
                      

                  	
                    10,210
                      

                  	
                    10,210
                      

                  	
                    10,210
                      

                  	
                    10,210
                      

                  	
                    10,210
                      

                  	
                    10,210
                      

                  	
                    10,210
                      

                  	
                    10,210
                      

                  	
                    122,520
                      

                  	
                    $ 
                       1.55 

                  
	
                    Oper
                      Exp/Escalations Paid

                  	
                    -
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    20,000
                      

                  	
                    20,000
                      

                  	
                    $ 
                       0.25 

                  
	
                    Rent
                      Expense - GAAP Adjust

                  	
                    7,622
                      

                  	
                    7,622
                      

                  	
                    7,622
                      

                  	
                    7,622
                      

                  	
                    7,622
                      

                  	
                    7,622
                      

                  	
                    7,622
                      

                  	
                    7,622
                      

                  	
                    7,622
                      

                  	
                    7,622
                      

                  	
                    7,622
                      

                  	
                    7,622
                      

                  	
                    91,460
                      

                  	
                    $ 
                       1.16 

                  
	
                    Rent
                      Paid

                  	
                    134,198
                      

                  	
                    134,198
                      

                  	
                    134,198
                      

                  	
                    134,198
                      

                  	
                    134,198
                      

                  	
                    134,198
                      

                  	
                    134,198
                      

                  	
                    134,198
                      

                  	
                    134,198
                      

                  	
                    134,198
                      

                  	
                    134,198
                      

                  	
                    154,198
                      

                  	
                    1,630,372
                      

                  	
                    $
                      20.64 

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Depreciation
                      Leashold Improvement

                  	
                    15,622
                      

                  	
                    15,622
                      

                  	
                    15,622
                      

                  	
                    15,622
                      

                  	
                    15,622
                      

                  	
                    15,741
                      

                  	
                    12,069
                      

                  	
                    10,864
                      

                  	
                    10,864
                      

                  	
                    10,864
                      

                  	
                    10,864
                      

                  	
                    10,864
                      

                  	
                    160,240
                      

                  	
                    $ 
                       2.03 

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Cleaning

                  	
                    7,725
                      

                  	
                    7,725
                      

                  	
                    7,725
                      

                  	
                    7,725
                      

                  	
                    7,725
                      

                  	
                    7,725
                      

                  	
                    7,725
                      

                  	
                    7,725
                      

                  	
                    7,725
                      

                  	
                    7,725
                      

                  	
                    7,725
                      

                  	
                    7,725
                      

                  	
                    92,700
                      

                  	
                    $ 
                       1.17 

                  
	
                    Maintenance
                      Contracts

                  	
                    2,800
                      

                  	
                    2,800
                      

                  	
                    2,800
                      

                  	
                    2,800
                      

                  	
                    2,800
                      

                  	
                    2,800
                      

                  	
                    2,800
                      

                  	
                    2,800
                      

                  	
                    2,800
                      

                  	
                    2,800
                      

                  	
                    2,800
                      

                  	
                    2,800
                      

                  	
                    33,600
                      

                  	
                    $ 
                       0.43 

                  
	
                    Repairs

                  	
                    -
                      

                  	
                    -
                      

                  	
                    6,000
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    2,100
                      

                  	
                    2,400
                      

                  	
                    154
                      

                  	
                    -
                      

                  	
                    -
                      

                  	
                    10,654
                      

                  	
                    $ 
                       0.13 

                  
	
                    Miscellaneous
                      (Janit. Supplies, Etc.)

                  	
                    713
                      

                  	
                    1,430
                      

                  	
                    200
                      

                  	
                    1,943
                      

                  	
                    200
                      

                  	
                    1,430
                      

                  	
                    713
                      

                  	
                    1,430
                      

                  	
                    200
                      

                  	
                    1,943
                      

                  	
                    200
                      

                  	
                    1,430
                      

                  	
                    11,830
                      

                  	
                    $ 
                       0.15 

                  
	
                    Premises

                  	
                    161,057
                      

                  	
                    161,775
                      

                  	
                    166,545
                      

                  	
                    162,287
                      

                  	
                    160,545
                      

                  	
                    161,894
                      

                  	
                    157,504
                      

                  	
                    159,117
                      

                  	
                    158,187
                      

                  	
                    157,683
                      

                  	
                    155,787
                      

                  	
                    177,017
                      

                  	
                    1,939,396
                      

                  	
                    $
                      24.55 

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Depreciation
                      Furniture

                  	
                    11,152
                      

                  	
                    11,152
                      

                  	
                    11,152
                      

                  	
                    11,152
                      

                  	
                    11,152
                      

                  	
                    11,152
                      

                  	
                    11,152
                      

                  	
                    11,152
                      

                  	
                    11,152
                      

                  	
                    11,152
                      

                  	
                    11,152
                      

                  	
                    11,152
                      

                  	
                    133,824
                      

                  	
                    $ 
                       1.69 

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    CGIN
                      Telecom Chargebacks

                  	
                    300
                      

                  	
                    300
                      

                  	
                    300
                      

                  	
                    300
                      

                  	
                    300
                      

                  	
                    300
                      

                  	
                    300
                      

                  	
                    300
                      

                  	
                    300
                      

                  	
                    300
                      

                  	
                    300
                      

                  	
                    300
                      

                  	
                    3,600
                      

                  	
                    $ 
                       0.05 

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    COF
                      / Interest Expense

                  	
                    9,000
                      

                  	
                    9,000
                      

                  	
                    9,000
                      

                  	
                    9,000
                      

                  	
                    9,000
                      

                  	
                    9,000
                      

                  	
                    9,000
                      

                  	
                    9,000
                      

                  	
                    9,000
                      

                  	
                    9,000
                      

                  	
                    9,000
                      

                  	
                    9,000
                      

                  	
                    108,000
                      

                  	
                    $ 
                       1.37 

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Total
                      Premises Expense

                  	
                    181,509
                      

                  	
                    182,227
                      

                  	
                    186,997
                      

                  	
                    182,739
                      

                  	
                    180,997
                      

                  	
                    182,346
                      

                  	
                    177,956
                      

                  	
                    179,569
                      

                  	
                    178,639
                      

                  	
                    178,135
                      

                  	
                    176,239
                      

                  	
                    197,469
                      

                  	
                    2,184,820
                      

                  	
                    $
                      27.66 

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    CRS
                      Overhead (Salaries, Etc.)

                  	
                    25,247
                      

                  	
                    24,529
                      

                  	
                    19,759
                      

                  	
                    24,017
                      

                  	
                    25,759
                      

                  	
                    24,410
                      

                  	
                    28,800
                      

                  	
                    27,187
                      

                  	
                    28,117
                      

                  	
                    28,621
                      

                  	
                    30,517
                      

                  	
                    9,287
                      

                  	
                    296,252
                      

                  	
                    $ 
                       3.75 

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Total
                      CRS Direct Charge - Garnsey Rd.

                  	
                    206,756
                      

                  	
                    206,756
                      

                  	
                    206,756
                      

                  	
                    206,756
                      

                  	
                    206,756
                      

                  	
                    206,756
                      

                  	
                    206,756
                      

                  	
                    206,756
                      

                  	
                    206,756
                      

                  	
                    206,756
                      

                  	
                    206,756
                      

                  	
                    206,756
                      

                  	
                    2,481,072
                      

                  	
                    $
                      31.41 

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	
                    SLC
                      

                  	
                    2,374,386
                      

                  	 
	 	 	 	 	 	 	 	 	 	 	 	 	
                    CIB
                      

                  	
                    106,686
                      

                  	 

          

        

         

      

    

     

     

     

     

     

     

     

     

     

     

     

     

     

    15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]