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Exhibit 10.4  

	[LOGO]	 	 	 	480 S. Holly Street. Suite 5

Denver, Colorado 80246

Main: 303-316-8577

Toll Free: 800-313-2234

Fax: 303-316-9004

www.v3s.com

 
 

EMPLOYMENT AGREEMENT BETWEEN
  VITACUBE SYSTEMS HOLDINGS, INC. AND TIM TRANSTRUM    
    

        This Employment Agreement ("the Agreement") between VitaCube Systems Holdings, Inc. and Timothy F. Transtrum ("Employee") entered effective as of the 1st
day of February 2004 ("Effective Date"), sets forth the terms which shall govern the employment of Employee with VitaCube Systems Holdings, Inc. ("Employer" or the "Company"). 

1.    EMPLOYMENT.    

        (a)   Employer
agrees to employ Employee, and Employee agrees to be employed by Employer, as Chief Operating Officer for the term of four years commencing on the date of hire.
Employee's job title and description may be amended from time to time by the Company's President. Employee hereby accepts
employment by the Company and agrees diligently and faithfully to perform his duties pursuant to this Agreement on a full time basis. 

        (b)   Employee
will devote his full business hours and energies to the business of the Employer to accomplish all duties reasonably assigned, and will devote his best efforts
to advance the interests of the Employer. During the term of this Agreement, without the prior approval of the Company's President, Employee shall not be engaged in any other business activity,
whether or not pursued for gain, profit or other pecuniary advantage, which may interfere with his duties under this Agreement. Employer however understands that Employee will maintain ownership in
Employee's current consulting practice. Employee once fully employed by the Company will eliminate direct involvement with his former client activities, however will continue in a Board of Directors
position and will maintain an advisory role with partners and/or subcontractors who will service these former clients. 

        (c)   Employee's
duties shall include: management of operations of the Company, marketing and strategic planning for the Company, supervision and direction of employees, and
all other duties necessary to perform the foregoing responsibilities. Employee will have the authority to perform and execute the necessary actions to implement the operational initiatives set by the
Employee and the Companies directors. 

        (d)   EMPLOYEE
ACKNOWLEDGES AND THE PARTIES AGREE THAT EMPLOYEE IS ONE OF THE COMPANY'S EXECUTIVE AND MANAGEMENT PERSONNEL AND THAT THE CONFIDENTIALITY AND
NON-SOLICITATION COVENANTS AND PROVISIONS CONTAINED IN THIS AGREEMENT ARE FULLY ENFORCEABLE AGAINST HIM. 

2.    COMPENSATION.    

        (a)   Employee
will receive as compensation for all responsibilities a salary beginning at $110,000.00 per year, payable according to the salary schedule of Employer. It is
understood that 

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the
beginning salary of $110,000 is a start-up base salary that will be adjusted as the Company continues to grow as provided below. 

	i.
	Employee
salary shall be increased as monthly sales (gross sales of all divisions less discounts) increase per the table below: 

	Monthly Gross Sales
	 	Monthly Increase
	 	Monthly Salary
	 	Annualized

	$	100,000.00	 	$	833.00	 	$	10,000.00	 	$	120,000.00
	$	200,000.00	 	$	833.00	 	$	10,833.00	 	$	130,000.00
	$	350,000.00	 	$	833.00	 	$	11,667.00	 	$	140,000.00
	$	500,000.00	 	$	833.00	 	$	12,500.00	 	$	150,000.00
	$	650,000.00	 	$	833.00	 	$	13,333.00	 	$	160,000.00

	ii.
	Employer
agrees to make available to Employee consolidated monthly sales detail in order to monitor the timing of the salary increases;

	iii.
	Once
the average sales of any two consecutive months meet or exceed the specified gross sales benchmarks stipulated in the above table, Company's President will notify
payroll of the appropriate increase to Employee's salary to begin the first pay period following the second of the two consecutive months;

	iv.
	Should
the average sales of any two (2) consecutive months increase beyond two or more benchmarks in any rolling two (2) consecutive month period, all
applicable salary increases will become effective beginning the first pay period following the second of the two consecutive months;

	v.
	Once
Employee salary has been appropriately increased, Employee's salary shall remain at that level and not decrease should sales in subsequent months drop below the
benchmark;

	vi.
	Once
sales increase beyond the benchmarks stipulated in the above table for two consecutive months, Employee's salary shall be reviewed annually. 

        (b)   Pursuant
to the commitment made by Employer at the commencement of Employee's employment (February 1st, 2004), Employee also shall receive, pursuant to the terms
of Employer's 2003 Stock Incentive Plan (the "ISOP"), options (the "Options") to purchase, at a price of $1.00 per share, an aggregate of 250,000 shares of Employer's common stock. Pursuant to the
ISOP, the grant of the Options shall be effective the date of Employee's employment. The Options shall vest, effective on December 31, in equal amounts over a four year period, such that
Employer shall receive the right to purchase 62,500 shares, commencing December 31, 2004. 

3.    DEDUCTIONS.    To the extent required by law, all compensation the Company
pays Employee is subject to federal, state, and municipal withholding requirements, any applicable occupational privilege tax and any court ordered deductions such as garnishments. Compensation may
also be reduced by deductions the Employee authorizes for insurance, 401(k) contributions, and other similar purposes. 

        The
Employee's final paycheck will be reduced by the amount of any lawful charge or indebtedness the Employee owes the Company. 

4.    BONUSES.    Employer intends to initiate an incentive executive bonus plan.
Employee will aid the Board of Directors in developing performance and discretionary bonus plans in which the Employee shall participate. Employer has advised that the Employee Bonus program will have
a target maximum payout of 30% of the then base salary of all eligible employees, including Employee, and that the Bonus program will be initiated when the Company's average gross monthly sales reach
$300,000.00 (the estimated break-even point) over any two (2) consecutive months, with the bonus to be measured 

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monthly
and paid quarterly. The standards to be considered as criteria for the Bonus program shall include, but are not limited to, the following: 

	a.
	Growth—indirect
impact of high service levels on growth; up to a specific % of the growth over previous monthly high sales mark

	b.
	Profitability—performance
against plan/budget; up to a specific % of the amounts exceeding established monthly profitability targets

	c.
	Retention—direct
impact of returning customers; specific dollar amount for every customer retained above the industry average 

Both
parties agree to work together in good faith to initiate the incentive executive bonus plan as stipulated and intended above. Employee acknowledges that the final form of bonus plan is subject to
approval by the board. 

5.    BENEFITS.    Employee will be entitled to participate in any and all benefit
plans, including health insurance, provided to other senior executive employees. 

	a.
	Employer
shall provide a company car to Employee when monthly gross sales reach $150,000.00; this will be provided through a Company-paid lease not to exceed $500 per month
for a car chosen by Employee which meets the make, model, style and appearance fitting the position and the Company's image.

	b.
	Company
will maintain director/officer liability insurance at all times during the term of Employee's employment and Employee will be notified of any change to the insurance policy
prior to the change being made.

	c.
	Employee
shall be entitled to four (4) weeks of paid vacation each year, with such vacation to be scheduled and taken in accordance with the Company's standard vacation policies
applicable to such personnel. In addition, Employee shall be entitled to such sick leave and holidays at full pay in accordance with the Company's policies established and in effect from time to time. 

6.    EXPENSES.    Employee shall be promptly reimbursed for all expenses reasonably
and necessarily incurred by him in the performance of his duties under this Agreement upon prior approval for all such expenses in excess of $250 and subsequent presentation of proof of such expenses
in a form acceptable to the Company. In addition, the Company shall pay the expenses reasonably incurred by Employee in connection with a cellular telephone and a home high-speed digital
telephone/internet connection. 

7.    CONFIDENTIAL INFORMATION.    

        (a)   Employee
recognizes and acknowledges that he will have access to, become acquainted with, and obtain certain confidential and proprietary information of the Employer,
and that such information constitutes valuable, special and unique property of the Employer. Employee acknowledges and agrees that such information shall include, but is not limited to, trade secrets,
know-how, formulas, ingredients, inventions, techniques, processes, computer programs, schematics, data, designs, financial information, studies, supply contracts, formulations, strategic
and marketing plans and data, sales and marketing plans, nutritional and fitness plans, and vendor and customer lists. Employee will not disclose any of such confidential, proprietary or trade secret
information except as is necessary to perform his duties for the Employer. Employee further agrees that he will not at any time use any of such confidential information in competing with Employer.
Employee further agrees that he shall maintain, at all times, the Employer's confidential, proprietary and trade secret information in a confidential manner and protect it from disclosure to any
person who is not subject to a Confidentiality Agreement with the Employer. 

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        (b)   In
the event of a breach or threatened breach by Employee of this Section, Employee agrees that irreparable harm would come to Employer under such circumstances, and
that, in such event, Employer's remedy at law for such a breach or threatened breach would be inadequate and that Employer shall be entitled at its election, to injunctive relief, without the
necessity of posting bond therefore, against such breach or threatened breach and to specific performance of this Agreement, in addition to any other remedies at law or in equity available to Employer
for such breach or threatened breach, including the recovery of damages, court costs, and attorneys' fees. 

        (c)   The
restrictions and obligations in the preceding subparagraphs (a) and (b) shall survive for three (3) years past the termination of this Agreement
and the termination of Employee's employment by Company. 

8.    OWNERSHIP AND ASSIGNMENT OF PROPRIETARY INFORMATION.    Upon termination of
Employee's employment with Employer or at Employer's request, Employee shall promptly deliver to Employer all documents, material and property in Employee's possession or control (such as drawings,
notebooks, reports, sketches, records, fitness and nutritional plans, computer programs, and the like) whether delivered to Employee or made by Employee in the performance of services for Employer,
relating in any way to Employee's employment and the business activities of Employer, and containing any data or information whatsoever, whether or not it is confidential. Employee further agrees that
Employer is the sole owner of any formulas, information technology, processes, or other property rights created by Employee in the performance of services for Employer, including but not limited to,
the right to use, sell, license or otherwise transfer to exploit the formulas, information technology, processes and other property rights and the right to make such changes in them and the uses
thereof as Employer may from time to time determine. Employee hereby assigns to Employer, without further consideration, Employee's entire right, title, and interest worldwide, free and clear of all
encumbrances, in and to all material, designs, and other property created for Employer by Employee pursuant to his employment during the term of this Agreement, all of which property shall be the sole
property of Employer. Employee also agrees to cooperate with Employer both during and after the term of performance of this Agreement, in evidencing, maintaining, defending, obtaining and enforcing
patents, trademarks, copyrights and other protection of Employer's right to formulas, processes and other property rights created pursuant to this Agreement. In the event Employer is unable for any
reason to secure Employee's signature to any lawful and necessary documents required to apply for or execute any patent, trademark, copyright or other applications with respect to any property for
which such an application may be presented (including improvements, renewals, extensions, continuations, divisions or continuations in part thereof), Employee hereby irrevocably designates and
appoints Employer and its duly authorized officers and agents as his agent and attorney-in-fact to act for and in his behalf and instead of Employee, to execute and file such
application and to do all otherwise lawfully permitted acts to further the prosecution and issuance of patents, trademarks, copyrights, and other rights with the same legal force and effect as if
executed by Employee. 

9.    TERMINATION.    The employment relationship established herein is "at will"
and shall continue so until terminated by fourteen (14) days written advance notice to the Employer or the Employee, unless the Employee is terminated by the Employer for "just cause." The
confidentiality provisions of Section 7 shall remain in full force and effect following termination of Employee's employment with Employer. 

        (a)   For
Cause. If the Employee is terminated for "just cause," the Employer will give the Employee one (1) day written advance notice. For all purposes under this
Agreement, "just cause" shall mean (i) willful failure or unjustifiable neglect by the Employee to substantially perform his duties hereunder after written notice to Employee and subsequent
failure to perform within five (5) days, (ii) a willful act by the Employee which constitutes gross misconduct, (iii) a willful breach by the Employee of a material provision of
this Agreement, or (iv) a material and willful violation of a federal or state law or regulation applicable to the business of the Company or its status as a 

4

 

public
company. The obligations and agreements of the Employee to the Employer shall survive the termination of the employment relationship as provided by this Agreement. 

        (b)   Without
Cause. In the event that the Employee is terminated without cause, Employee is entitled to receive six (6) months salary and all accrued earnings, payable
over six (6) equal monthly installments, and 50% of Employees un-vested options would vest immediately, and Employee has the right to exercise all vested options pursuant to
Employer's 2003 ISOP. "All accrued earnings" is defined here to include any and all compensation (salary, performance bonus, discretionary bonus, profit sharing, unused vacation, and other earnings
which may come into effect in the future) which Employee has earned and to which he is entitled which have not yet been disbursed by Employer. 

        (c)   Resignation.
(i) In the event that Employee terminates his employment after one (1) year from the commencement of employment, Employee is entitled to
receive two (2) months salary and all accrued earnings as defined above, payable over two (2) equal monthly installments, and the right to exercise all vested options pursuant to
Employer's 2003 ISOP; however, (ii) if Employee terminates his employment in less than one year from the commencement of employment, Employee will not receive salary or bonuses not earned as of
the date of resignation. 

        (d)   Change
of Control or Dissolution. (i) This Agreement shall not be terminated by the voluntary or involuntary dissolution of the Company resulting from a "change
of control," as defined below. In the event of any such "change of control," the Company's rights hereunder shall be assigned to the surviving or resulting company, which company shall then honor this
Agreement with Employee. 

        (ii)   Notwithstanding
the foregoing or any other provision of this Agreement, should a "change of control" occur, Employee, at his sole option and discretion, may terminate
his employment under this Agreement at any time within one (1) year after such "change of control" upon fourteen (14) days written notice. 

        (iii)  In
the event of such termination by Employee, the Company shall pay to Employee two (2) months salary for each full year of employment with Company, up to a
maximum of six (6) months salary, and all accrued earnings as defined above, payable in equal monthly installments, and all of Employees un-vested options would vest immediately
pursuant to Employer's 2003 ISOP. 

        (iv)  For
purposes of this Section 9 (d), a "change in control" means: (i) the acquisition, without the approval of the Company's board of directors, by any
person or entity, other than the Company or a "related entity," of more than twenty percent (20%) of the outstanding shares of the Company's voting common stock through a tender offer, exchange offer,
or otherwise; or (ii) the liquidation or dissolution of the Company following a sale or other disposition of all or substantially all of its assets; a merger of consolidation involving the
Company which results in the Company not being the surviving parent corporation. A related entity is the parent, a subsidiary, or any employee benefit plan (including a trust forming a part of such a
plan) maintained by the Company, its parent, or a subsidiary. 

10.    SEVERABILITY.    The provisions of this Agreement are severable. The
invalidity of any provision shall not affect the validity of any other provision. A Court or other tribunal is required upon a finding of invalidity of any provision of Section 7 to enforce the
remainder of the invalid Sections or interpret the language to fully comply and satisfy the parties' interest. 

11.    WAIVER.    No waiver of any of the provisions of this Agreement shall be
deemed or constitute, a waiver of any other provision, whether or not similar, nor shall said waiver constitute a continuing waiver. No waiver shall be binding unless executed in writing by the party
making the waiver. 

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12.    NOTICES.    All notices required or permitted to be given hereunder shall be
in writing and shall be deemed effective when personally delivered or, if mailed, when deposited in the U.S. Mail, postage prepaid, registered or certified, return receipt requested. Unless changed by
written notice given to a party by the other, such notices shall be given to the Employer at the following address: 

	 	 	VitaCube Systems, Inc.

480 South Holly Street, Suite 5

Denver, Colorado 80246

Attention: Mr. Sanford D. Greenberg	 	 

and
such notices shall be given to Employee at the following address: 

	 	 	Timothy F. Transtrum

1720 Whitehall Drive

Longmont, CO 80501	 	 

13.    ASSIGNABILITY.    The duties and obligations of Employee under this Agreement
are personal unto him and may not be assigned or otherwise transferred, in whole or in part, by Employee, but rights of Employee under this Agreement shall inure to the benefit of Employee. Employer
may assign this Agreement, or any benefit, duty or obligation thereof hereunder. 

14.    APPLICABLE LAW.    The terms and conditions of this Agreement shall be
construed under, governed by and enforced in accordance with the laws of the State of Colorado. 

15.    ENTIRE AGREEMENT; AMENDMENT.    This Agreement constitutes the entire
Agreement between the parties and supersedes any and all prior agreements, either oral or written, between the parties hereto with respect thereto. Any modifications to this Agreement must be made in
writing and signed by both parties. 

16.    ARBITRATION.    Any dispute relating to this Agreement, or to the Breach of
this Agreement, except such as may concern Section 7, arising between the Employer and Employee, shall be settled by arbitration in accordance with the commercial arbitration rules of the
American Arbitration Association ("AAA"), which arbitration may be initiated by any party hereto by written notice to the other of such party's desire to arbitrate the dispute. The arbitration
proceedings shall take place in Denver, Colorado, and shall be administered by AAA. Any arbitration under this Agreement shall be governed by Colorado's Uniform Arbitration Act of 1975, C.R.S.
§13-22-201 et seq. as amended. Employer's right to equitable relief set forth in Section 9 may be brought and
enforced in any court of competent jurisdiction. Employee agrees and consents to the District Court of the City and County of Denver, State of Colorado, having jurisdiction over any such dispute. 

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        IN
WITNESS WHEREOF, the parties have executed this Agreement on the day and year written above. 

	 	 	EMPLOYER:
	

 	
 	

VITACUBE SYSTEMS, INC.
	

 	
 	

By:	
 	

/s/  SANFORD D. GREENBERG      

	 	 	 	 	Sanford D. Greenberg, President
	

 	
 	

Date:	
 	

 

	

 	
 	
EMPLOYEE:
	

 	
 	

 	
 	

/s/  TIMOTHY F. TRANSTRUM      

	 	 	 	 	Timothy F. Transtrum
	

 	
 	

Date:	
 	

 

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Exhibit 10.8    
    

MDB CAPITAL GROUP, LLC

401 WILSHIRE BOULEVARD—SUITE 1020

SANTA MONICA CALIFORNIA 90401  

February 29,
2004 

VitaCube
Systems Holdings, Inc.

480 South Holly Street

Denver, Colorado 80246 

Ladies
and Gentlemen: 

        This
is to confirm our agreement (the "Agreement") whereby VitaCube Systems Holdings, Inc., a Nevada corporation (the "Company") has agreed to engage MDB Capital Group, LLC, a
California limited liability company (the "Finder"), to introduce the Company to prospective sources of capital. 

        1.    Engagement and Compensation.    

        (a)   The
Company hereby authorizes Finder to introduce to the Company potential investors ("Investors") in connection with the Company's proposed sale of approximately
$2,300,000 (the "Offering") of equity securities of the Company (the "Securities"), pursuant to the form of investor stock purchase agreement ("Stock Purchase Agreement") annexed as  Exhibit A
hereto. The Offering shall be made in accordance with Regulation D under the Securities Act of 1933, as amended, or another
exemption from registration under applicable securities laws. The Offering will be subject to satisfaction of various conditions prior to the Investors making their investment, some of the conditions
are currently set forth in the form of Stock Purchase Agreement, but are subject to further conditions as may be raised by the Investors and/or Finder during the offering period. All proceeds of the
Offering will be wired or otherwise paid directly to the Company. It is contemplated that there will be only one closing. This Agreement may be terminated by the Company at any time, but the Company
shall remain obligated to pay compensation to Finder and to indemnify Finder, as set forth herein. 

        (b)   At
closing of the Offering, the Company shall compensate the Finder for its locating Investors for the Offering by issuing to Finder (or its designees) a warrant to
purchase shares of common stock, $.001 par value ("Common Stock") of the Company, exercisable for a period of five years from the date of closing and exercisable at a per share price of $.30. The
number of shares that will be purchasable under the warrant will be not less than 2,000,000 shares, and this minimum number is subject to a proportionate upward adjustment for that number of
securities sold in the Offering in excess of the Securities sold for $2,300,000. (For example, if the Company sells 7,666,666 shares of common stock at $.30, then the Finder will receive a warrant for
2,000,000 shares at $.30 per share. If the Company sells in excess of 7,666,666 shares of common stock, the number of shares underlying the warrant will be determined as follows: 2,000,000 times the
actual number of shares sold in the Offering divided by 7,666,666). The warrant will be in Finder's customary form, and contain registration rights, cashless exercise and indemnification provisions
customary for the Finder. 

        (c)   If
during the term of this Agreement or during the twenty four (24) month period immediately after the later of the termination of this Agreement or the Closing,
any investment (other than in the Offering) is made in the Company or any of its affiliates ("Investment") by any person (or any affiliate thereof) first introduced to the Company by Finder
(collectively "Sources") then the Company (i) shall pay to Finder a cash fee equal to 10 percent (10%) of the total gross proceeds received by the Company from the Sources and
(ii) issue to Finder one or more warrants to purchase ten percent (10%) of the number of securities purchased by the Sources at the price paid by the Sources (the warrants shall be in a form
substantially similar to the form of warrant referred to in 

1

 

(b) above).
The Company agrees that it will not engage in any transaction with a Source during the term of this Agreement or the twenty four (24) month period immediately after the later
of the termination of this Agreement or the Closing, (other than the investment contemplated by the Offering or an investment which is from a Source for which the above compensation applies) without
first paying the above compensation to Finder. 

        (d)   Notwithstanding
the provisions of Section 1(c), if any Source makes an Investment in an underwritten public offering of securities by the Company, an affiliate of
the Company or selling security holder of the company by purchasing securities through the underwriter or any member of the selling group, and the Company and its affiliates or its security holders
have not given the name of the Source to the underwriter or any member of the selling group, then the Finder will not be entitled to any fee therein set forth in respect of the Investment by the
Source. 

        (e)   The
Company acknowledges that the name of any Source is confidential, proprietary information of the Finder, and the Company will not disclose the name of any Source to
any third person without the written permission of the Finder, which may be withheld for any reason. 

        2.    Expenses.    In addition to the compensation described above, the Company shall reimburse the Finder for the
actual and reasonable out-of-pocket expenses incurred by the Finder in connection with the performance of its services hereunder; provided,
however, that the Company shall not reimburse Finder for expenses in excess of $20,000. Notwithstanding the foregoing, the parties hereto recognize that during the course of
the engagement, Finder's expenses may rise to exceed the above stated limit, and the parties agree to negotiate in good faith Finder's request for reimbursement of any amount of expenses in excess of
$20,000. 

        3.    Indemnity.    Because Finder will be acting on the Company's behalf, it is Finder's practice to receive
indemnification. A copy of Finder's standard indemnification provisions is attached to this Agreement and is incorporated herein and made a part hereof. 

        4.    Status as Independent Contractor.    The Finder shall perform its services as an independent contractor and not
as an employee of the Company or affiliate thereof. It is expressly understood and agreed to by the parties hereto, that the Finder and any individual or entity that the Finder shall employ in order
to perform its services hereunder, shall have no authority to act for, represent or bind the Company or any affiliate thereof in any manner, except as may be expressly agreed to by the Company in
writing from time to time. The Company acknowledges that the Finder and/or its affiliates are in the business of providing financial and investment banking services and consulting advice to others.
Nothing herein contained shall be construed to limit or restrict the Finder in conducting such business with others, or in rendering such advice to others. 

        5.    Representations and Warranties.    

        (a)   Finder
represents and warrants to, and covenants with, the Company that (i) Finder is duly licensed to perform the services contemplated by this Agreement in any
jurisdiction where such license may be required, (ii) Finder shall not amend or supplement any investment information or purchase materials supplied by the Company without the prior written
consent of the Company, and (iii) in performing services hereunder Finder shall comply with all applicable laws and regulations. 

        (b)   The
Company represents and warrants to Finder that (i) this Agreement has been duly authorized, executed and delivered by the Company, and, assuming due execution
by Finder, constitutes a legal, valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, and (ii) the Company will comply, at its expense, with
all applicable laws and regulations with respect to the Offering, including any applicable state "blue sky" laws. 

        6.    Notices.    Any notices required or permitted to be given hereunder shall be in writing and shall be deemed
given when delivered or sent overnight by private courier service or when mailed by 

2

 

certified
mail, return receipt requested, addressed to each party at its respective addresses set forth above, or such other address as may be given by either party in a notice given pursuant to this
Section 6. 

        7.    Miscellaneous.    

        (a)   Finder
will hold in confidence any confidential information that the Company provides to Finder pursuant to this Agreement. Notwithstanding the foregoing, Finder shall
not be required to maintain confidentiality with respect to information (i) which is or becomes part of the public domain not due to the breach of this Agreement by Finder; (ii) of which
it had independent knowledge prior to disclosure; (iii) which comes into the possession of Finder in the normal and routine course of its own business from and through independent
non-confidential sources; or (iv) which is required to be disclosed by Finder by laws, rules or regulations. If Finder is requested or required to disclose any confidential
information supplied to it by the Company, Finder shall, unless prohibited by law, promptly notify the Company of such request(s) so that the Company may seek an appropriate protective order. 

        (b)   This
Agreement (i) may only be modified by a written instrument which is executed by both parties hereto, (ii) constitutes the entire agreement between the
parties with respect to the subject matter hereof; provided, however, that all prior agreements, both written and oral, between the parties with respect
to any other subject matter remain in full force and effect; and (iii) may not be assigned by either party without the written consent of the other; provided, however, that the Agreement shall
be binding upon and shall inure to the benefit of the parties hereto and, except where prohibited, to their successors and assigns. 

3

 

        If
the foregoing correctly sets forth the understanding between the Finder and the Company with respect to the foregoing, please so indicate your agreement by signing in the place
provided below, at which time this letter shall become a binding contract. This Agreement may be executed in counterparts. 

	 	 	 	 	 	 	MDB CAPITAL GROUP, LLC
	

 	
 	

 	
 	

 	
 	

By:	
 	

/s/  ANTHONY DIGIANDOMENICO      

	 	 	 	 	 	 	 	 	Name:	 	Anthony DiGiandomenico
	 	 	 	 	 	 	 	 	Title:	 	Managing Member
	

AGREED AND ACCEPTED BY:	
 	

 	
 	

 	
 	

 
	

VITACUBE SYSTEMS HOLDINGS, INC.	
 	

 	
 	

 	
 	

 
	

By:	
 	

/s/  SANFORD D. GREENBERG      
	
 	

 	
 	

 	
 	

 
	 	 	Name:	 	Sanford Greenberg	 	 	 	 	 	 
	 	 	Title:	 	Chief Executive Officer	 	 	 	 	 	 

4

 
INDEMNIFICATION PROVISIONS  

        VitaCube Systems Holdings, Inc. (the "Company") agrees to indemnify and hold harmless MDB Capital Group, LLC ("Finder") and its officers, directors,
employees, managers, legal counsel, consultants, shareholders or members, agents, affiliates and controlling persons against any and all losses, claims, damages, obligations, penalties, judgments,
awards, liabilities, costs, expenses and disbursements (and any and all actions, suits, proceedings and investigations in respect thereof and any and all reasonable legal and other costs, expenses and
disbursements in giving testimony or furnishing documents in response to a subpoena or otherwise), including without limitation, the reasonable costs, expenses and
disbursements, as and when incurred, of investigating, preparing or defending any such action, suit, proceeding or investigation (whether or not in connection with litigation in which Finder is a
party), directly or indirectly, caused by, relating to, based upon, arising out of, or in connection with Finder's performance of services for the Company, including, without limitation, any act or
omission by Finder in connection with its acceptance of or the performance or non performance of its obligations under the agreement dated February    , 2004 between the Company and Finder
to which these indemnification provisions are attached and form a part (the "Agreement"); provided, however, that the Company shall not be
obligated to indemnify, defend or hold harmless Finder for losses, claims, damages, obligations, penalties, judgments, awards, liabilities, costs, expenses and disbursements suffered by or paid by
Finder as a result of acts or omissions of Finder which have been made or not made in bad faith or which constitute willful misconduct or gross negligence. 

        All
references to Finder in these indemnification provisions shall be understood to include any and all of the indemnified parties in the first sentence of the first paragraph hereof.
The indemnification provisions shall be in addition to any liability which the Company may otherwise have to Finder. 

        If
any action, suit, proceeding or investigation is commenced, as to which Finder proposes to demand indemnification (a "Claim"), it shall notify the Company promptly but in any event
within 15 days from the time Finder has any knowledge of such action, suit, proceeding or investigation. If the Company so elects, the Company will assume the defense of such Claim, including
the employment of counsel reasonably satisfactory to Finder and the payment of the fees and expenses of such counsel. In the event, however, that legal counsel to Finder reasonably demonstrates to the
Company, that having common counsel would present such counsel with a conflict of interest, then Finder may employ its own separate counsel (but not more than one firm of attorneys, and to the extent
necessary, local counsel) to represent or defend it in any such Claim and the Company shall pay the reasonable fees and expenses of such counsel. Notwithstanding anything herein to the contrary, in
any Claim in which the Company assumes the defense, the Finder shall have the right to participate in such Claim and to retain its own counsel therefor at its own expense. If the Company shall fail to
assume the defense of such claim or to employ counsel, reasonably satisfactory to Finder, Finder shall be entitled to employ its own counsel (but not more than one firm of attorneys, and to the extent
necessary, local counsel) and the Company shall reimburse Finder for the reasonable fees and expenses of such counsel. 

        The
Company shall be liable for any settlement of any claim against Finder only if made with the Company's written consent. The Company shall not, without the prior written consent of
Finder, settle or compromise any claim, or permit a default or consent to the entry of any judgment in respect thereof, unless such settlement, compromise or consent includes, as an unconditional term
thereof, the giving by the claimant to Finder of an unconditional release from all liability in respect of such claim. If the Company makes any indemnity payment hereunder this Agreement and
thereafter a determination is found in a final judgment by a court of competent jurisdiction (not subject to further appeal) that the Company did not owe indemnity under this Agreement, Finder shall
immediately repay all amounts paid pursuant to the indemnity provisions of this Agreement. 

        In
order to provide for just and equitable contribution, if a claim for indemnification pursuant to these indemnification provisions is made but it is found in a final judgment by a
court of competent 

5

 

jurisdiction
(not subject to further appeal) that such indemnification may not be enforced in such case, even though the express provisions hereof provide for indemnification in such case, then the
Company, on the one hand, and Finder, on the other hand, shall contribute to the losses involved in such proportion as is appropriate to reflect (i) the relative benefits received by the
Company, on the one hand, and Finder, on the other hand, (ii) the relative fault of the Company, on the one hand, and Finder, on the other hand, in connection with the statements, acts or
omissions which resulted in such losses, and (iii) the relevant equitable considerations. No person found liable for a fraudulent misrepresentation shall be entitled to contribution from any
person who is not also found liable for fraudulent misrepresentation. Notwithstanding the foregoing, Finder shall not be obligated to contribute any amount hereunder that exceeds the amount of fees or
the value of the equity compensation (valued on the date of final judgment) previously received by Finder pursuant to the Agreement. 

        Neither
termination nor completion of the engagement of Finder referred to above shall affect these indemnification provisions which shall then remain operative and in full force and
effect. 

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QuickLinks

Exhibit 10.8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}]]