Document:

EXHIBIT 10(v)(c)

                                OPTIONABLE, INC.
                       NONSTATUTORY STOCK OPTION AGREEMENT

            THIS NONSTATUTORY STOCK OPTION AGREEMENT (the "AGREEMENT") is made
and entered into as of December 3, 2004 (the "GRANT DATE") by and between
Optionable, Inc., a Delaware corporation (the "COMPANY"), and Albert Helmig (the
"OPTIONEE").

            WHEREAS, the Company desires to grant the Optionee a stock option
under the Company's 2004 Stock Option Plan (the "PLAN") to acquire shares of the
Company's Common Stock, $0.001 par value per share (the "COMMON STOCK").

            WHEREAS, Section 5 of the Plan provides that each option is to be
evidenced by an award agreement, setting forth the terms and conditions of the
option.

            NOW THEREFORE, in consideration of the premises and of the mutual
covenants and agreements contained herein, the Company and the Optionee hereby
agree as follows:

      1. Grant of Option. The Company hereby grants to the Optionee, under the
Plan and subject to the terms and conditions of the Plan, a stock option (the
"OPTION") to purchase all or any part of the number of shares of Common Stock
(the "SHARES") set forth below the Optionee's name on the signature page hereto,
on the terms and conditions hereinafter set forth. The Option granted hereunder
shall be treated as a nonstatutory stock option and is not intended to
constitute an incentive stock option under section 422 of the Internal Revenue
Code of 1986, as amended (the "CODE").

      2. Exercise Price. The exercise price per share ("EXERCISE PRICE") for the
Shares covered by the Option shall be twenty cents ($.20) per Share, subject to
adjustment pursuant to Section 10.

      3. Vesting.

            The right to exercise the Option shall be twenty percent (20%)
vested upon the Grant Date. The "VESTED PERCENTAGE" of the Option shall be as
follows:

            December 3, 2004: 20%

            September 24, 2005: 60%*

            September 24, 2006: 100%*

<PAGE>

            *Provided, Optionee remains a member of the Board of the Company.
            Should the Optionee not be a member of the Company's Board on this
            date, this vesting will not take place.

            The right to exercise this Option shall immediately vest in the
event of a "Change of Control" of the Company. For this purpose, a "Change of
Control" means the acquisition after the date hereof, directly or indirectly, by
any Person of ownership of, or the power to direct the exercise of voting power
with respect to, a majority of the issued and outstanding voting shares of the
Company. For this purpose, a "Person" means an individual or a corporation,
partnership, trust, incorporated or unincorporated association, joint venture,
limited liability company, joint stock company, government (or an agency or
political subdivision thereof) or other entity of any kind.

      4. Term of Options.

            (a) Cancellation and Forfeiture. The Option shall be cancelled and
shall be null and void, and the Optionee shall forfeit all rights pursuant to
the Option, (i) if the Optionee does not execute and return this Agreement to
the Company within sixty (60) days of the Grant Date, (ii) unless otherwise
agreed to in writing by the Board, upon the Optionee's bankruptcy, and (iii)
upon the Optionee's attempted assignment or transfer of the Option in violation
of Section 9.

            (b) Termination. The Option shall terminate and shall no longer be
exercisable, even if vested, upon the earliest to occur of the following events:

                  (i) if the Optionee dies, the first anniversary of the date of
death; and

                  (ii) immediately upon the termination of the Optionee's
employment or service as a consultant for Cause, or because the Optionee is in
breach of any employment or consulting agreement with the Company or one of its
subsidiaries, in each case as determined by the Board. For purposes of this
Agreement "CAUSE" shall mean (A) deliberate or intentional failure, in a
continuing or repeated manner, by the Optionee to substantially perform the
material duties of Optionee's employment or consulting relationship (other than
due to Disability), (B) deliberate or intentional engagement by the Optionee in
conduct which is materially detrimental to the reputation, goodwill, business or
operations or the Company or any of its subsidiaries, (C) willful fraud or
material dishonesty by the Optionee in connection with the performance of the
duties of the Optionee or (D) conviction or plea of nolo contendere by the
Optionee to a felony or to a misdemeanor involving moral turpitude, all as
determined by the Board.

      5. Exercise of Option.

            (a) Exercisability. The Option shall be exercisable at any time
prior to its termination pursuant to Section 4(b) only to the extent of the
Vested Percentage as of that time. Notwithstanding termination of the Option
pursuant to Section 4(b), the Board, in its discretion, may extend the period of
exercisability of the Option for such time period as it deems appropriate.

                                      -2-
<PAGE>

            (b) Method of Exercise. To the extent the Option is exercisable
pursuant to Section 5(a), the Optionee may exercise the Option in full or in
part by giving written notice to the Company, signed by the Optionee (or his
legal representative or heir, in the event of the Optionee's death), stating the
Optionee's election to exercise the Option and the number of whole Shares for
which the Option is being exercised. The written notice must be accompanied by
(i) full payment of the exercise price for the number of Shares being purchased,
and (ii) an executed copy of the form of investor representation letter referred
to in Section 6(b), if required pursuant to such Section 6(b).

            (c) Payment of Exercise Price. Payment of the exercise price for the
number of Shares for which the Option is being exercised shall be made:

                  (i) In cash or by check payable to the order of the Company;

                  (ii) at the discretion of the Board, by tender to the Company
of shares of Common Stock owned by the Optionee, acceptable to the Board, having
a Fair Market Value (as defined in the Plan) on the date of exercise at least
equal to the exercise price;

                  (iii) at the discretion of the Board, by a combination of the
methods described above; or

                  (iv) by such other method as may be approved by the Board.

            (d) Maintenance of Shares. The Company shall at all times during the
term of the Option reserve and keep available such number of shares of its
Common Stock as will be sufficient to satisfy the requirements of the Option.

      6. Securities Law Restrictions.

            (a) The grant of the Option and the issuance of Shares upon exercise
of the Option shall be subject to compliance with all applicable requirements of
federal, state or foreign law with respect to such securities. The Option may
not be exercised if the issuance of Shares upon such exercise would constitute a
violation of any applicable federal, state or foreign securities laws or other
law or regulations. In addition, the Option may not be exercised unless (i) a
registration statement under the Securities Act of 1933, as amended (the
"SECURITIES ACT"), shall at the time of exercise of the Option be in effect with
respect to the Shares to be issued upon exercise of the Option or (ii) in the
opinion of legal counsel to the Company, the Shares to be issued upon exercise
of the Option may be issued in accordance with the terms of an applicable
exemption from the registration requirements of the Securities Act. THE Optionee
IS CAUTIONED THAT THE OPTION MAY NOT BE EXERCISABLE UNLESS THE FOREGOING
CONDITIONS ARE SATISFIED. ACCORDINGLY, THE Optionee MAY NOT BE ABLE TO EXERCISE
THE OPTION WHEN DESIRED EVEN THOUGH THE OPTION IS VESTED. As a condition to the
exercise of the Option, the Company may require the Optionee to satisfy any
qualifications that may be necessary or appropriate, to evidence compliance with
any applicable law or regulation and to make any representation or warranty with
respect thereto as may be requested by the Company.

            (b) In the event that, as of the date on which the Option is
exercised in whole or in part, the Shares to be issued upon exercise of the
Option shall not be effectively registered under the Securities Act, the person
exercising the Option shall give a written representation to the Company in the
form attached hereto as Exhibit A and the Company shall place an "investment
legend," as described in Exhibit A, upon any certificate for the Shares issued
by reason of such exercise.

                                      -3-
<PAGE>

            (c) The Company shall be under no obligation to cause a registration
statement or a post-effective amendment to any registration statement to be
prepared for the purposes of covering the issue of Shares.

      7. Tax Withholding. Upon exercise of the Option, in whole or in part, and
as a condition thereto, the Optionee shall remit to the Company an amount
sufficient to satisfy the Optionee's share of all United States federal, state
and local withholding tax requirements, in such manner and amount as shall be
specified by the Board. With respect to an Optionee that is an employee or
consultant of Company, the Company shall have the right to withhold (or to cause
one of the Company's subsidiaries to withhold), from compensation otherwise
payable to the Optionee, an amount sufficient to satisfy all federal, state and
local withholding tax requirements prior to the issuance of such Shares and the
delivery of any certificate or certificates for such Shares, and from time to
time thereafter to the extent such withholding obligations arise in connection
with the Option, including, without limitation, obligations arising upon (i) the
exercise, in whole or in part, of the Option, (ii) the transfer, in whole or in
part, of any Shares acquired on exercise of the Option, (iii) the operation of
any law or regulation providing for the imputation of interest, or (iv) the
lapsing of any restriction with respect to any Shares acquired on exercise of
the Option. The Optionee acknowledges that the Company may issue a Form W-2,
W-2c, 1099 or substitute therefore, as appropriate, to the Optionee with respect
to any United States income recognized by the Optionee with respect to the
Option.

      8. Non-Transferability.

            (a) Unless otherwise approved by the Board in its discretion, the
Option may be exercised during the lifetime of the Optionee only by the Optionee
and may not be assigned or transferred in any manner, except by will or by the
laws of descent and distribution. Upon the Optionee's death, the Optionee's
legal representative, or any person empowered under the Optionee's will or under
applicable laws of descent and distribution, may exercise the Option to the
extent unexercised and exercisable by the Optionee as of the date of death.

            (b) Except as provided in Section 9(a), without the prior written
consent of the Board, no right or benefit under this Agreement shall be subject
to anticipation, alienation, sale, assignment, pledge, encumbrance or charge,
and any attempt to anticipate, alienate, sell, assign, pledge, encumber or
charge the same without such consent, if applicable, shall be void. Except with
such consent, no right or benefit under this Agreement shall in any manner be
liable for or subject to the debts, contracts, liabilities or torts of the
Optionee.

      9. Change in Stock Subject to Option. In the event of a recapitalization,
reclassification, stock dividend, stock split, reverse stock split, or other
change in corporate structure affecting the Common Stock, the Board may adjust
the terms of the Option in accordance with Section 3 of the Plan.

                                      -4-
<PAGE>

      10. No Special Rights; Duties of Optionee.

            (a) The Optionee shall have no rights as a stockholder with respect
to any Shares covered by the Option until the date of the issuance of a
certificate or certificates for the Shares for which the Option has been
exercised. No adjustment shall be made for dividends or distributions or other
rights for which the record date is prior to the date such certificate or
certificates are issued, except as provided pursuant to Section 10.

            (b) Nothing contained in this Agreement shall be construed or deemed
by any person under any circumstances to bind the Company to commence or
continue the employment or consulting relationship of the Optionee for the
period within which this Option may be exercised, nor shall this Agreement be
construed to create any duty of the Company or any of its affiliates or any of
its other shareholders to the Optionee, or any duty of the Optionee to the
Company or any of its affiliates or other shareholders, comparable to the duties
which partners or joint venturers may owe to each other. However, during the
period that the Optionee provides employment or consulting services to the
Company, the Optionee shall render diligently and faithfully the services which
are assigned to the Optionee from time to time by the Board or by the executive
officers of the Company. The Optionee shall at no time take any action which
directly or indirectly would be inconsistent with the best interests of the
Company.

      11. Notices. Any notices or other communications required to be given
hereunder shall be given by hand delivery or by certified or registered mail,
return receipt requested, with all fees prepaid and addressed, if to the
Company, to it at 555 Pleasantville Road, South Building, Suite 110, Briarcliff
Manor, New York 10510, and if to the Optionee, at the address set forth on the
signature page hereto, or to such other address as either party may specify in
writing from time to time.

      12. Termination or Amendment. The Board may terminate or amend the Plan
and/or the Option at any time; provided, however, that no such termination or
amendment may adversely affect the Option or any unexercised portion thereof
without the written consent of the Optionee.

      13. Integrated Agreement. This Agreement constitutes the entire
understanding and agreement of the Optionee and the Company with respect to the
subject matter contained herein and supersedes any prior understanding or
agreement between the parties, whether or not in writing, including, but not
limited to, any prior grant by the Company or any of its officers or authorized
representatives to the Optionee of an option or warrant to purchase Common
Stock. There are no agreements, understandings, restrictions, representations,
or warranties among the Optionee and the Company other than those as set forth
or provided for herein. To the extent contemplated herein, the provisions of
this Agreement shall survive any exercise of the Option and shall remain in full
force and effect.

      14. Binding Effect. This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective heirs, executors,
administrations, successors and assigns.

      15. Governing Law. This Agreement shall be governed by, and construed and
enforced in accordance with, the internal laws of the State of New York, without
regard to principles of conflicts of laws.

                                      -5-
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                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -6-
<PAGE>

            IN WITNESS WHEREOF, the parties hereto have executed this
Nonstatutory Stock Option Agreement as of the Grant Date.

                                   OPTIONABLE, INC.

                                   By: /s/ Edward J. O'Connor
                                       --------------------------
                                   Name:  Edward J. O'Connor
                                   Title: President

            The undersigned Optionee represents that the Optionee is familiar
with the terms and provisions of this Nonstatutory Stock Option Agreement and
the Plan, and hereby accepts the Option subject to all of the terms and
provisions thereof. The Optionee hereby agrees to accept as binding, conclusive
and final all decisions or interpretations of the Board upon any questions
arising under this Nonstatutory Stock Option Agreement and the Plan. The
undersigned acknowledges receipt of a copy of the Plan.

                                   /s/ Albert Helmig

                                   Signature of Optionee

                                   Address:

                                   --------------------

                                   --------------------

                                   --------------------

                                   Social Security Number:

                                   Number of Shares Subject to Option:  250,000

                                      -7-
<PAGE>

                                                                       EXHIBIT A

                            Date:___________________

Optionable, Inc.
555 Pleasantville Road
South Building
Suite 110
Briarcliff Manor, New York 10510

Ladies and Gentlemen:

            In connection with the acquisition by me of [ ] shares of common
stock, $0.0001 par value per share (the "Shares"), of Optionable, Inc., a
Delaware corporation (the "Company"), I hereby represent to the Company as
follows:

            (a) I hereby confirm that: (i) the Shares to be received by me will
be acquired for investment only, for my own account, not as a nominee or agent
and not with a view to the sale or distribution of any part thereof; and (ii) I
have no current intention of selling, granting participation in or otherwise
distributing the Shares. I further represent that I do not have any contract,
undertaking, agreement or arrangement with any person to sell, transfer or grant
participation to such person, or to any third person, with respect to any of the
Shares.

            (b) I understand that the Shares have not been registered under the
Securities Act of 1933, as amended (the "1933 Act") on the basis that the
acquisition of the Shares by me and the issuance of securities by the Company to
me is exempt from registration under the 1933 Act and that the Company's
reliance on such exemption is predicated on my representations set forth herein.

            (c) I represent that I have, either alone or together with the
assistance of a "purchaser representative" (as that term is defined in
Regulation D promulgated under the 1933 Act), such knowledge and experience in
financial and business matters as to be capable of evaluating the merits and
risks of my investment in the Company. I further represent that I am familiar
with the business and financial condition, properties, operations and prospects
of the Company. I further represent that I have had, prior to my acquisition of
the Shares, the opportunity to ask questions of, and receive answers from, the
Company concerning the terms and conditions of the issuance and to obtain
information (to the extent the Company possessed such information or could
acquire it without unreasonable effort or expense) necessary to verify the
accuracy of any information furnished to me or to which I have had access. I am
satisfied that there is no material information concerning the condition,
properties, operations and prospects of the Company of which I am unaware. I
have made, either alone or together with my advisors, such independent
investigation of the Company as I deem to be, or my advisors deem to be,
necessary or advisable in correction with this investment.

                                      -1-
<PAGE>

            (d) I understand that the Shares may not be sold, transferred or
otherwise disposed of without registration under the 1933 Act and applicable
state securities laws, or an exemption there from, and that in the absence of an
effective registration statement covering the Shares or an available exemption
from registration tinder the 1933 Act or applicable state securities laws, the
Shares must be held indefinitely. In particular, I acknowledge that I am aware
that the Shares may not be sold pursuant to Rule 144 promulgated under the 1933
Act unless all of the conditions of that Rule are met. Among the current
conditions for use of Rule 144 by certain holders is the availability to the
public of current information about the Company. Such information is not now
available, and the Company has no current plans to make such information
available. I represent that, in the absence of an effective registration
statement covering the Shares or an available exemption from registration under
the 1933 Act or applicable state securities laws, I will not sell, transfer or
otherwise dispose of the Shares.

            (e) I represent that I (i) am capable of bearing the economic risk
of holding the unregistered Shares for an indefinite period of time and have
adequate means for providing for my current needs and contingencies, (ii) can
afford to suffer a complete loss of my investment in the Shares, and (iii)
understand and have taken cognizance of all risk factors related to the
acquisition of the Shares.

            (f) I understand that the acquisition of the Shares involves a high
degree of risk and there is no established market for the Company's capital
stock and it is not likely that any public market for such stock will develop in
the near future.

            (g) I represent that neither I nor anyone acting on my behalf has
paid any commission or other remuneration to any person in connection with the
acquisition of the Shares.

            (h) Independent of the additional restrictions on the transfer of
the Shares contained herein, I agree that I will not make a transfer,
disposition or pledge of any of the Shares other than pursuant to an effective
registration statement under the 1933 Act and applicable state securities laws,
unless and until: (i) I shall have notified the Company of the proposed
disposition and shall have furnished the Company with a statement of the
circumstances surrounding the disposition and (ii) if requested by the Company
and at my expense or at the expense of my transferee, I shall have furnished to
the Company an opinion of counsel, reasonably satisfactory (as to counsel and as
to substance) to the Company and its counsel, to the effect that such transfer
may be made without registration of the Shares under the 1933 Act, and
applicable state securities laws.

            (i) I acknowledge that all certificates evidencing the Shares shall
bear a legend in substantially the following form:

                              "TRANSFER RESTRICTED"

            The shares represented by this certificate have not been registered
            under the Securities Act of 1933 and applicable state securities
            laws. These shares have been acquired for investment and not with a
            view to distribution or resale, and may not be sold, mortgaged,
            pledged, hypothecated or otherwise transferred without an effective
            registration statement for such shares under the Securities Act of
            1933 and applicable state securities laws, or an opinion of counsel
            satisfactory to the Company that registration is not required under
            such Act and applicable state securities laws.

                                      -2-
<PAGE>

            The shares of stock represented by this certificate are subject to
            certain restrictions on transfer, repurchase rights and lock-up
            provisions as set forth in the certain Stock Option Agreement
            pursuant to which such shares were acquired. Such Agreement is
            available for inspection without charge at the office of the
            Secretary of the Company.

            (j) The certificates evidencing the Shares shall also bear any
legend required by any applicable state securities law.

            (k) In addition, the Company shall make a notation regarding the
restrictions on transfer of the Shares in its stock books, and the Shares shall
be transferred on the books of the Company only if transferred or sold pursuant
to an effective registration statement under the 1933 Act and applicable state
securities laws covering such Shares or pursuant to and in compliance with the
provisions of the Stock Option Agreement referenced above. A copy of this
Agreement, together with any amendments thereto, shall remain on file with the
Secretary of the Company and shall be available for inspection to any properly
interested person without charge within five (5) days after the Company's
receipt of a written request therefore.

                                          Sincerely yours,

                                          -------------------------------------
                                          Signature of Optionee

                                      -3-MANAGEMENT FEE ALLOCATION CONTRACT
                              CONTRACT NO. N059-000

I.    RECITALS

      The  contracting  parties are Vivid Learning  Systems,  Inc., a Washington
      corporation located at 2345 Stevens Drive, Suite 200, Richland, Washington
      99354 (hereinafter "Vivid"), and Nuvotec USA, Inc., a Delaware corporation
      located  at 723  The  Parkway,  Richland,  Washington  99352  (hereinafter
      "Contractor").

      This contract is made for the procurement of management and administrative
      services  needed in connection with the management and operation of Vivid.
      The contract is a management fee allocation contract.

      WHEREAS, Vivid is positioning itself for outside investment; and

      WHEREAS,  Contractor  has been  providing  management  and  administrative
      services to Vivid since its inception; and

      WHEREAS,  Contractor  possesses unique  capabilities,  relationships,  and
      applicable expertise; and

      WHEREAS,  the parties  agreed that Nuvotec would perform these  management
      and administrative services with full cost recovery;

      NOW, THEREFORE, the parties hereto agree as follows:

II.   AGREEMENTS

      1.    Contract Date: The contract effective date shall be October 1, 2004.

      2.    Completion  Date: All work shall continue  through  October 1, 2005.
            This  contract  shall  have two (2) two (2) year  options to extend.
            Further,  this contract may be extended by mutual written  agreement
            of the  parties.  The  Statement  of Work  and the  related  support
            activities shall be reviewed  quarterly to assure Vivid is receiving
            the appropriate level of support and Nuvotec is being  appropriately
            compensated.  Any material change in the scope or actual hours spent
            in providing  the services  delineated  in the Statement of Work can
            cause the monthly  management fee allocation to increase or decrease
            accordingly.  A material change in the scope is defined as impacting
            the management fee by ten percent (10%).

      3.    Monthly  Management  Fee  Allocation:  The  monthly  management  fee
            allocation  shall be  equal to six  percent  (6%) of  revenue.  This
            allocation is consistent  with the  allocation  charged to all other
            Contractor subsidiaries.

      4.    Expenses:  Other  direct costs  including  travel  expenses  must be
            approved in writing in advance by Vivid and will be invoiced at cost
            plus  the   application   of  a  five   percent   (5%)  general  and
            administrative expense.

      5.    Invoices:  Invoices will not be required. The monthly management fee
            allocation  will be paid  via  draws  and  pay-downs  on the line of
            credit.

<PAGE>

      6.    Contract  Contents:  In  addition  to this  Schedule,  the  contract
            consists of:

            o     Statement of Work, dated October 2004, Attachment No. 1

            o     General Provisions, dated October 2004, Attachment No. 2

      7.    Contract   Modifications:   This   contract   contains   the  entire
            understanding between the parties and there are no understandings or
            representations  not set forth or incorporated by reference  herein.
            No  communication,  written or oral,  by other than the Vivid  Chief
            Executive  Officer  (CEO) shall be  effective to modify or otherwise
            affect the provisions of this contract.

      8.    Waiver: The waiver of any breach of any term, covenant, or condition
            herein  contained  shall  not be  deemed  a  waiver  of  such  term,
            covenant, or condition for any subsequent breach of the same.

      9.    Merger:    This   contract   contains   all   of   the   agreements,
            representations,  and  understandings  of  the  parties  hereto  and
            supercedes and replaces all previous understandings, commitments, or
            agreements,  oral or written,  related to the subject matter of this
            contract.

      10.   Severability:  If any party,  term,  or provision  of this  contract
            shall be held void, illegal,  unenforceable, or in conflict with any
            law of a federal,  state, or local  government  having  jurisdiction
            over this  contract,  the  validity  of the  remaining  portions  of
            provisions shall not be affected thereby.

III.  SIGNATURES

      VIVID LEARNING SYSTEMS, INC.             NUVOTEC USA, INC.

      By:      /s/ Kevin  A. Smith             By:      /s/ Kala K. Suhadolnik
         -------------------------------           -----------------------------

      Name:    Kevin A. Smith                  Name:    Kala K. Suhadolnik

      Title:   President & CEO                 Title:   Contracts Manager

      Date:    October 1, 2004                 Date:    October 1, 2004
           -----------------------------             ---------------------------

<PAGE>

                                                    VIVID CONTRACT NO. N059-000
                                                              ATTACHMENT NO. 1

                                STATEMENT OF WORK

                       MANAGEMENT & ADMINISTRATIVE SUPPORT
                                  OCTOBER 2004

--------------------------------------------------------------------------------

Contractor shall provide selected management and administrative support to Vivid
associated with the management and operation of Vivid.

Support related to the monthly  management fee allocation will include  services
of the Chairman of the Board, the Chief Financial Officer,  and General Counsel.
Support to these  individuals  for these  services  will also be  provided  from
legal/contracts staff, finance staff, and executive management.

The monthly  management fee allocation  also includes  central rent expenses and
other overhead expenses not specifically paid for directly by Vivid.

<PAGE>

                                                    VIVID CONTRACT NO. N059-000
                                                               ATTACHMENT NO. 2

GENERAL PROVISIONS
OCTOBER 2004

Independent Contractor:

Contractor  represents,  warrants,  and agrees that Contractor  shall act at all
times as an independent  contractor  under this contract and shall  undertake to
perform all acts, including the payment of any applicable tax and acquisition of
any required licenses or permits,  necessary to allow Contractor to perform this
contract as an independent contractor. Contractor shall at no time be considered
or hold itself out as employees of Vivid.

Confidential Information:

The  parties  acknowledge  that in the course of  performance  of this  contract
certain confidential,  proprietary, and/or business sensitive information may be
exchanged.  Each  party  agrees  to  keep  all  such  information  in  strictest
confidence and shall not disclose such without the written  consent of the party
to whom said information belongs. The level of care to be given said information
is the same that the party would afford its own such information.  If a separate
confidentiality  agreement  is  executed  between  the  parties,  it shall  take
precedence over this clause.

Assignment:

Neither  this  contract  nor any rights  under this  contract may be assigned or
otherwise transferred by either party, in whole or in part, whether voluntary or
by operation of law, without the prior written consent of the other party, which
consent will not be unreasonably withheld. Notwithstanding the foregoing, either
party may assign this contract to a successor to all or substantially all of its
assets  related to this contract by merger,  sale, or otherwise.  Subject to the
foregoing,  this  contract will be binding upon and will inure to the benefit of
the parties and their respective successors and assigns.

Termination:

The parties  reserve the right to terminate  this contract upon a sixty (60) day
written notice by mutual agreement or in the event either party is in default of
their contractual obligations, having failed to cure a material breach after ten
(10) days written notice to cure.

Force Majeure:

Neither party shall be liable to the other in any way for failure to perform any
provision  of this  contract  (with the  exception  of the  payment of  monetary
obligations)  if such failure is caused by any law, rule, or regulation,  act of
God, or any cause beyond the control of the party in default.

Governing Law/Jurisdiction:

This contract  shall be governed by the laws of the State of Washington  without
giving  effect to any choice of law or conflicts  of law  provision or rule that
would  cause  the  application  of the  domestic  substantive  laws of any other
jurisdiction.

Disputes and Claims:

Any dispute or claim related to this  contract,  which the parties cannot settle
by mutual  agreement,  may be resolved through an appropriate  Alternate Dispute
Resolution  (ADR) or legal  proceedings.  Pending  resolution  of any dispute or
claim,  the  parties  shall  proceed  diligently  with the  performance  of this
contract.  In the event the  parties  are unable to reach  resolution  by mutual
agreement,  then the parties shall pursue  resolution via an ADR process such as
mediation. In the event ADR fails to bring resolution,  the parties shall pursue
resolution via a court of competent  jurisdiction under the laws of the State of
Washington.

<PAGE>

Indemnification:

Each party shall indemnify and save harmless the other for, from and against all
actions, liabilities,  losses, damages, claims and demands whatsoever, including
costs,  expenses and attorney's  fees resulting from or claimed to have resulted
from any  intentional  or negligent  acts or omissions of the  indemnitor or its
employees or agents  engaged in the work under this  contract at the time of the
event or occurrence upon which such actions,  claims or demands are based. Where
both  parties,  or their  respective  employees or agents,  participated  in the
liability  causing event,  each party shall contribute to the common liability a
pro rata share based upon its relative degree of fault.

Limitation of Liability:

IN NO EVENT SHALL CONTRACTOR'S LIABILITY ARISING OUT OF THIS CONTRACT EXCEED THE
TOTAL AMOUNT OF FEES PAID OR PAYABLE  HEREUNDER.  IN NO EVENT WILL CONTRACTOR BE
LIABLE FOR ANY CONSEQUENTIAL, INCIDENTAL, INDIRECT, SPECIAL, OR PUNITIVE DAMAGES
WHATSOEVER  (INCLUDING WITHOUT LIMITATION,  DAMAGES FOR LOSS OF PROFITS, LOSS OF
USE, BUSINESS INTERRUPTION, LOSS OF DATA OR OTHER PECUNIARY LOSS), IN CONNECTION
WITH THIS  CONTRACT,  WHETHER  BASED UPON  CONTRACT,  TORT,  OR ANY OTHER  LEGAL
THEORY,  INCLUDING NEGLIGENCE,  EVEN IF THERE HAS BEEN ADVISE OF THE POSSIBILITY
OF SUCH DAMAGES. THIS LIMITATION SHALL APPLY NOT WITHSTANDING ANY FAILURE OF THE
ESSENTIAL PURPOSE OF ANY LIMITED REMEDY PROVIDED HEREIN.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}]]