Document:

Exhibit
10.9

    

    AGREEMENT
FOR USE OF OFFICE

    AND
ADMINISTRATIVE SERVICES

    

    This Agreement, entered into
this 4th day of
September, 2009 by and between Patriot Rail Corp. (“Patriot”)
and BHIT, Inc. a Delaware Corporation (“BHIT”).

    

    Whereas:  Patriot
currently is a Subtenant of Suite 342W. (the “Suite”), at 2255 Glades Road, Boca
Raton, FL pursuant to a Sublease Agreement, and

    

    Whereas:  Patriot
has available offices with the Suite and BHIT desires to use such offices in the
Suite on a month to month basis, and

    

    Whereas: Patriot has
administrative services available with the Suite including secretarial,
receptionist, telephone answering services, coffee service and the like,
(“Services”), and BHIT desires to use such services on a month to month basis,
and

    

    Whereas:  The
parties desire to set forth the terms of the relationship in this
Agreement.

    

    Now, therefore, the parties,
intending to be legally bound, hereby agree as follows:

    

    
      	
               
      

            	
              1.

            	
              Patriot
      shall permit BHIT full or partial use of two offices in the Suite which
      have been shown to it and Patriot shall allow BHIT to use the Services on
      a month to month basis beginning September 4, 2009.  The offices
      are currently designated for the Controller of B.H.I.T. Inc. on a full
      time basis and for the Vice President of B.H.I.T. Inc. on a part time
      basis.  BHIT agrees that only its designated personnel shall be
      permitted to use such office and the
Services.

            

    

    
      	
               
      

            	
              2.

            	
              The
      monthly fee for such office use if Five Thousand ($5000.00) dollars
      payable in advance and due no later than the fifth day of each
      month.

            

    

    
      	
               
      

            	
              3.

            	
              Patriot
      shall supply a desk and chairs together with internet access located
      within the office.

            

    

    
      	
               
      

            	
              4.

            	
              Either
      party shall have the right to terminate this agreement for any reason upon
      thirty (30) days prior written notice to the
  other.

            

    

    
      	
               
      

            	
              5.

            	
              BHIT
      shall pay the first month’s fee of $5000.00 at the time of the execution
      of this Agreement.

            

    

    
      	
               
      

            	
              6.

            	
              BHIT
      agrees to follow the rules and regulations of the building and any
      additional reasonable rules set forth during the term of the
      Agreement.

            

    

    
      	
               
      

            	
              7.

            	
              Any
      notices shall be given as follows:

            

    

    

    To
Patriot Rail Corp:

    Gary O.
Marino, CEO

    Patriot
Rail Corp.

    2255
Glades Road, Suite 342W

    Boca
Raton, FL 33431

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    To
B.H.I.T., Inc.:

    

    
      	 	
              Copy
      to:

            	
              Lawrence
      Rutstein

            

    

    VP-Administration

    B.H.I.T.,
Inc.

    2255
Glades Road, Suite 342W

    Boca
Raton, FL 33431

    

    
      	
               
      

            	
              8.

            	
              This
      Agreement shall not be amended or modified except in writing and Agreed
      by both parties hereto.

            

    

    

    In witness whereof, the
parties have caused this Agreement to be executed effective as of the day and
year first above written.

    

    
      
        
          
            
              
                	
                        Patriot
      Rail Corp

                      
	 
      	 
      
	
                        By:

                      	
                        /s/ Gary O. Marino

                      
	 
      	
                        Gary
      O. Marino

                      
	
                        Its:

                      	
                        President
      and CEO

                      
	 
      	 
      
	
                        B.H.I.T.
      Inc.

                      
	 
      	 
      
	
                        By:

                      	
                        /s/ Lawrence Rutstein

                      
	 
      	
                        Lawrence
      Rutstein

                      
	
                        Its:

                      	
                        VP
      AdministrationExhibit
10.12

    

    Bridge
Loan and Financing Agreement

    

    This
Bridge Financing Agreement (the “Agreement”) is related to
funding provided by Pope Asset, Ancora Greater China Fund, LP and MMH Group LLC.
(collectively, “Investors”) that will be
utilized to complete the pre-reverse merger activities for Korea Jinduren
International Fashion Co. Ltd. (“vLov”), a Chinese company
based at No. 1 Building, West Xiangjiang Road, Shishi City, Fujian Province,
China which designs, manufactures, markets and sells branded contemporary
fashion clothing and accessories to the 15-34 age group (30% of the PRC
Population) through 650 points of sale which are located at retail
and  department stores throughout the PRC. vLov shall proceed through
the process of reverse merger (“RTO”) to be listed as a public
company in the United States and to close a financing at the same time in the
minimum amount of $6,000,000 (the “Financing;” collectively with
the RTO, referred to herein as the “APO”).

    

    A.  Parties to this
Agreement:

    
      	
              (1)

            	
              Investors will
      provide a bridge loan of US$550,000 towards covering the costs for
      pre-auditing, U.S. auditing, China legal, US legal and other necessary
      professional fees for vLov to complete the reverse merger process to
      obtain public status in the US.

            

    

    
      	
              (2)

            	
              The
      investors and their affiliates, have experience and knowledge in the
      reverse merger process.  The Company’s advisors shall manage,
      the entire process including but not limited to, auditing, legal, roadshow
      coordination, etc. necessary for vLov to become a public company in the
      U.S.  Investors will provide, but are not obligated to provide
      assistance in this process.

            

    

    

    B.  Obligations:

    
      	
              (1)

            	
              Investors
      shall provide a bridge Loan of US$550,000 to be held in an
      escrow  established by the Company’s US legal firm, Richardson
      Patel (“Richardson Patel
      LLP”) to cover the
following:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Engagement
      and payment through escrow to a Chinese accounting and legal firm, to
      perform the required pre-audit and the legal due diligence, setting up the
      off-shore structure, etc. for vLov.

            

    

    
      	
               
      

            	
              (b)

            	
              Engagement
      of and payment through escrow to a U.S. auditing firm (“Moore Stephens”) and
      Richardson Patel, which are necessary to complete an SEC-approved audit
      and the required reverse merger of
vLov.

            

    

    
      	
               
      

            	
              (c)

            	
              Investors
      will have the right of first refusal to provide the capital for the
      Financing. The specifics of the Financing proposal by the Investors will
      be clearly delineated in a separate Letter of Intent or Term Sheet which
      will be presented to the Company; provided, however, that the minimum
      pre-money valuation for the Financing is US$52.5M (based on  7X
      2007 Net Profits of US$7.5M).

            

    

    
      	
               
      

            	
              (d)

            	
              The
      investors shall provide a public shell company quoted on the OTC Bulletin
      Board suitable for the RTO that is acceptable to the
  vLov.

            

    

    
      	
               
      

            	
              (e)

            	
              Any
      extra payments beyond $550,000 that are deemed necessary to complete the
      reverse merger process for vLov, not including any cash component
      necessary to acquire the shell, will be negotiated in good faith with vLov
      directly and payment for such services being made at the time the
      RTO/Funding is completed and as a portion for a use of
      proceeds.

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
 

    
      	
              (2)

            	
              The
      Company’s Financial Advisor/Consultant and the Company (where
      necessitated) shall provide the
following:

            

    

    
      	
               
      

            	
              (a)

            	
              Assisting
      and managing the process so Investors can complete further due diligence
      of vLov.

            

    

    
      	
               
      

            	
              (b)

            	
              Engagement
      with Richardson Patel LLP to set up the escrow account and manage the
      payment from the escrow account to various professionals engaged to
      perform the necessary services required for the reverse
      merger.

            

    

    
      	
               
      

            	
              (c)

            	
              Coordinating
      between Investors, consultants and vLov, in addition to investment bankers
      (only if necessary), to ensure a smooth completion of the reverse merger
      and funding process for vLov.

            

    

     

    C.  Terms:

    Commitment. Within seven (7)
business days after all parties execute this Agreement, Investors, on a prorata
basis, shall transfer US$250,000 of the required $550,000 to an escrow account
established by Richardson Patel LLP specifically for the use of payment to
designated service providers and consultants for vLov, as set forth on Schedule
A, attached hereto. Once the formal agreements between Richardson Patel and
Moore Stephens have been established and provided for review, the Investors will
contribute the additional $300,000 on a prorate basis, by wire no less than five
(5) business days to the escrow account.

    

    
      	
              (1)

            	
              Repayment of Bridge Loan and
      Entitlement of Pubco shares.  The parties agree that VLOV
      shall have no obligation to repay the Bridge Loan prior to October 1,
      2009, provided that VLOV shall be obligated to repay the Bridge Loan in
      full on or after October 1, 2009 when the initial private (or public)
      placement is completed. The Investors shall also receive stock of Pubco
      (as defined below) upon the closing of the APO equal to 1.0% of the total
      shares of common stock outstanding after the RTO, but before the
      Financing, on a prorata basis per the ownership percentages in Schedule A
      attached hereto.  These shares issued to the Investors, or its
      nominees, shall be initially restricted 144 shares.  After the
      completion of the Financing, vLov agrees to
      register these shares in the registration statement to be filed under the
      same terms as in the Financing Agreement. This agreement does not expire
      until the shares are issued and the loan of $550,000 is returned to the
      Investors, at which time all the obligations from both parties pursuant to
      this Agreement shall be considered
fulfilled.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

    
      	
              (2)

            	
              Provision of
      Shell.  The Investors shall provide a qualified merger
      candidate that is a US public company quoted on the OTC Bulletin Board
      (“Pubco”).  The total consideration paid by vLov for Pubco will
      be 4.0% of the total outstanding common shares of Pubco at the time of the
      RTO (but before the issuance of stock to investors in the
      Financing).  No other cash consideration shall be paid by vLov
      for Pubco.  For avoidance of doubt, the 4.0% of the total
      outstanding common shares of Pubco provided to the Investors shall be
      proportioned to each Investor based upon the amount of funds contributed
      by each Investor to obtain, acquire, etc. the Pubco divided by total cost
      of Pubco.  Additionally, each Investor has the right, but not
      the obligation, to contribute their prorate share of the Pubco cost based
      upon the ownership percentages outlined in Schedule
  B.

            

    

    

    
      	
              (3)

            	
              Entire
      contribution.  US$550,000 is the entire contribution
      obligation of the Investors, excluding any monies that the investors might
      pay to acquire the public shell company. There shall be no additional
      contribution from, nor refund to Investors regardless of the actual cost
      situation.

            

    

    

    
      	
              (4)

            	
              Failure. In case the
      reverse merger process is aborted at any time by the vLov side after
      consummating this agreement, vLov shall refund all the costs spent up to
      the time of termination back to the Investors and the balance of the
      monies in the Escrow will also be forwarded back to the Investors. In
      addition, any failure of the reverse merger process directly related to
      changes in the overall Chinese law or regulations, the Company agrees to
      reimburse the investors for the money spent through that point, including
      all monies remaining in escrow.  In both cases, no equity of any
      kind shall be granted to the Investors and Investors shall have no
      obligation of any kind to vLov.

            

    

    

    
      	
              (5)

            	
              Put Option. In the event
      that the Chinese Government (or any agency) proceeds with an action
      against or challenges specifically the vLov merger (not including an
      overall blanket ruling) that adversely affects this proposed transaction
      and vLov cannot cure such governmental action or otherwise address the
      material adverse effect to the reasonable satisfaction of the Investors,
      vLov shall promptly pay to the Investors, an amount equal to the monies
      loaned up to that point, including any monies left in escrow.
      Additionally, if the auditor or legal counsel resigned due to a dispute
      with vLov and another firm can not be retained due to Company’s
      shortcomings, Investors would be paid back all money loaned up to that
      point.

            

    

    

    
      	
              (6)

            	
              Make Whole. To the
      extent that vLov’s audited 2007 Net Income falls below $7.0 million US,
      Investors’ equity position (on a pro-rata basis) at the time of the share
      exchange will be adjusted proportionately to reflect such
      shortfall.  The Investors’ equity interest is to be adjusted
      upward by the product of the formula: ($7.0 million/ Audited 2007 Net
      Income) x current Investor ownership percentage (1.0%).  For
      avoidance of doubt, if the Company’s audited 2007 Net Income was $5
      million, the Investment Group’s equity position (1.0%) in the Pubco
      referenced above would be increased by 40% to 1.40% on a pro-rata basis.
      Additionally, if the audited 2007 net income for vLov were to be less than
      $3.5 million, the investors would at their option be able to recover all
      monies loaned to date, including money in escrow and terminate this bridge
      agreement.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
 

    
      	
              (7)

            	
              Indemnification and
      Confidentiality. The parties shall provide standard indemnification
      and defense for claims arising on the reverse merger and on the resulting
      Pubco. All parties agree to abide by the standard confidentiality terms.
      No portion of this Agreement, nor any info on vLov, Pubco or any project
      related information shall be disclosed to any third
  party.

            

    

    

    
      	
              (8)

            	
              Entire
      Agreement.  This Agreement, the Promissory Note and the
      Escrow Agreement constitutes the entire agreement of the parties on the
      bridge financing  portion of the transations contemplated
      hereby.

            

    

    

    
      	
              (9)

            	
              Participation Right. In
      the event the APO closes, for a period of Twelve (12) months following the
      execution of this agreement following the closing of the APO, vLov agrees
      to give Investors, and
      their nominees or affiliates, the right to participate on any type of debt
      or equity securities issued or proposed to be issued by
      Pubco  (“Future  Securities”)
      in the same amount as such Investor invested in the Financing (if
      any).  The Investors and their nominees or affiliates, will have
      the right, but not the obligation, to participate and invest up to the
      same about such Investor invested in the Financing (if
      any).  This right to participate shall survive any termination
      of this Agreement or repayment of the monies invested by the Investors
      pursuant hereto for the full 12 month
term.

            

    

    

    
      	
              (6)

            	
              Execution of
      Agreement.  The parties may execute this Agreement
      individually or in combination, in one or more counterparts, each of which
      shall be an original and all of which will constitute one and the same
      agreement.  The parties hereby agree that an executed facsimile
      copy of this Agreement may be transmitted to either party and be deemed an
      original for purposes hereof.

            

    

    

    
      	
              (7)

            	
              Lock-Up
      Agreement. Shares
      owned by senior management, their relatives, and affiliates will be
      locked-up until twelve (12) months after the registration statement
      associated with this transaction and the RTO is declared
      effective.

            

    

    

    
      	
              (8)

            	
              Governing Law. This
      agreement will be government under a binding arbitration agreement with
      the State of New York, United States of
America.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
 

    
      	
              (9)

            	
              Additional Actions. vLov
      and the Investors agree that the closing of the RTO will have to be
      concurrent with the closing of the Financing accepted by both vLov and
      Investors and or other funding sources. vLov and the Investors also agree
      that it will be necessary and appropriate to enter into other documents to
      set forth the terms of the various steps of the RTO as contemplated by
      this Agreement, including but not limited to, (i) a share exchange
      agreement with the public shell; and (ii) a registration rights agreement;
      and (iii) a securities purchase agreement, and the parties covenant and
      agree to negotiate in good faith such additional agreements to contain
      terms and provisions customary in transactions of such nature, and upon
      agreement in good faith of such terms, to execute and deliver such
      additional agreements.  vLov agrees to retain Hayden
      Communications International, Inc. to provide Investor Relations and
      consulting services for the company under a one year agreement just prior
      to the completing of the RTO.

            

    

    

    
      	
              (10)

            	
              Signatory. Mr. Qing Qing
      Wu, Chairman, and as a majority shareholder, has full authority and board
      approval to enter into this binding
agreement.

            

    

    

    Agreed to
and approved by:

    

    Pope
Asset Management, LLC, Manager of

    Pope
Investments II LLC

    

    By: /s/ William P.
Wells_________________________   June 11,
2008

    William
P. Wells, Managing Member

    

    Ancora
Greater China Fund, LP (Ancora)

    

    By: /s/ John
Micklitsch__________________________   June 11,
2008

    John
Micklitsch, Managing Member

    

    MMH
Group, LLC

    

    By: /s/ Matthew
Hayden_________________________   June 11,
2008

    Matthew
Hayden, President

    

    Korea
Jinduren International Fashion Co. Ltd. (vLov)

    

    By: /s/ Qing Qing
Wu___________________________   June 11, 2008

    Qing Qing
Wu, Chairman

    Jinduren
International Fashion Co. Ltd

    

    

     

     

    5

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