Document:

Unassociated Document

    Exhibit 10.1

    
 

    PROMISSORY
NOTE

    

    August
9, 2010

    

    
      	
              $100,000.00

            

    

    

    FOR VALUE RECEIVED, the
undersigned corporation (the “Company”), promises
to pay to MR. LEONID
PUSHKANTSER and MRS.
ANNA YANOVSKAYA, husband and wife with the Right of Survivorship,
residing at 251 Warren Avenue, Fort Lee, NJ 07024 (the “Lender”) or other
address as the Lender shall specify in writing, the principal sum of One Hundred
Thousand Dollars and Zero Cents
($100,000.00) and interest at the annual rate of five percent (5%) on the unpaid balance
pursuant to the following terms:

     

    1. Principal
and Interest. For
value received, the Company hereby promises to pay to the order of the Lender in
lawful money of the United States of America and in immediately available funds
the principal sum of One Hundred Thousand Dollars and Zero Cents ($100,000.00), together with
interest on the unpaid principal of this note at the rate of five
percent (5%) per
year (computed on the basis of a 365-day year) from the date and upon the
conditions specified in Section 2 of this Promissory Note (the “Note”) until paid in
full. Interest shall begin to accrue as of the date of this Note.

     

    2. Principal
and Interest Installment Payments. Repayment of this note shall
commence on the first day of the month following the execution of this Note, at
the rate of $5,000.00 per month, plus interest as specified in Section 1, until
the principal is paid off together with all interest due. At Company’s option,
the loan may be prepaid without penalty. Interest shall begin to accrue as of
the date of this Note.

    

    All
principal and accrued interest shall be due and payable five (5) calendar years
from the date of this Note (the “Term”), in cash, notwithstanding the provisions
of this Section 2. All payment amounts shall be first applied to interest, if
any, and then to the balance to principal.

    

    3. Right of
Prepayment. Notwithstanding the payments pursuant to Section 2, the
Company at its option shall have the right to prepay a portion or all
outstanding principal of the Note. There shall be no prepayment fee or
penalty.

     

    4. Waiver
and Consent. To the fullest extent permitted by law and except as
otherwise provided herein, the Company waives demand, presentment, protest,
notice of dishonor, suit against or joinder of any other person, and all other
requirements necessary to charge or hold the Company liable with respect to this
Note.

     

    5. Costs,
Indemnities and Expenses. In the event of default as described herein,
the Company agrees to pay all reasonable fees and costs incurred by the Lender
in collecting or securing or attempting to collect or secure this Note,
including reasonable attorneys’ fees and expenses, whether or not involving
litigation, collecting upon any judgments and/or appellate or bankruptcy
proceedings. The Company agrees to pay any documentary stamp taxes, intangible
taxes or other taxes which may now or hereafter apply to this Note or any
payment made in respect of this Note, and the Company agrees to indemnify and
hold the Lender harmless from and against any liability, costs, attorneys’ fees,
penalties, interest or expenses relating to any such taxes, as and when the same
may be incurred.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6. Unsecured
Nature of the Note.
This Note is not secured by any collateral or any tangible or intangible
assets of the Company.

     

    7. Event of
Default. An “Event of Default”
shall be deemed to have occurred upon the occurrence of any of the following:
(i) the Company should fail for any reason or for no reason to make any payment
of the principal, interest, costs, indemnities, or expenses pursuant to this
Note within ten (10) days of the date due as prescribed herein; (ii) any
default, whether in whole or in part, in the due observance or performance of
any obligations or other covenants, terms or provisions to be performed by the
Lender under this Note, or any other related agreements hereunder between the
Company and the Lender of even date herewith which is not cured by the Company
by any applicable cure period therein, (iii) a breach of any representations or
warranties, or (iii) the Lender shall: (1) make a general assignment for
the benefit of its creditors; (2) apply for or consent to the appointment
of a receiver, trustee, assignee, custodian, sequestrator, liquidator or similar
official for itself or any of its assets and properties; (3) commence a
voluntary case for relief as a debtor under the United States Bankruptcy Code;
(4) file with or otherwise submit to any governmental authority any
petition, answer or other document seeking: (A) reorganization, (B) an
arrangement with creditors or (C) to take advantage of any other present or
future applicable law respecting bankruptcy, reorganization, insolvency,
readjustment of debts, relief of debtors, dissolution or liquidation;
(5) file or otherwise submit any answer or other document admitting or
failing to contest the material allegations of a petition or other document
filed or otherwise submitted against it in any proceeding under any such
applicable law, or (6) be adjudicated a bankrupt or insolvent by a court of
competent jurisdiction. Upon an Event of Default (as defined above), the entire
principal balance and accrued interest outstanding under this Note, and all
other obligations of the Company under this Note, shall be immediately due and
payable without any action on the part of the Lender, interest shall accrue on
the unpaid principal balance at twenty-four percent (24%) per year or the
highest rate permitted by applicable law, if lower, and the Lender shall be
entitled to seek and institute any and all remedies available to
it.

     

    8. Maximum
Interest Rate. In no event shall any agreed to or actual interest
charged, reserved or taken by the Lender as consideration for this Note exceed
the limits imposed by New Jersey law. In the event that the interest provisions
of this Note shall result at any time or for any reason in an effective rate of
interest that exceeds the maximum interest rate permitted by applicable law,
then without further agreement or notice the obligation to be fulfilled shall be
automatically reduced to such limit and all sums received by the Lender in
excess of those lawfully collectible as interest shall be applied against the
principal of this Note immediately upon the Lender’s receipt thereof, with the
same force and effect as though the Company had specifically designated such
extra sums to be so applied to principal and the Lender had agreed to accept
such extra payment(s) as a premium-free prepayment or prepayments.

     

    9. Issuance
of Capital Stock. So long as any portion of this Note is outstanding, the
Company shall not, without the prior written consent of the Lender, (i) issue or
sell shares of common stock or preferred stock without consideration or for a
consideration per share less than the bid price of the common stock determined
immediately prior to its issuance, (ii) issue any warrant, option, right,
contract, call, or other security instrument granting the holder thereof, the
right to acquire common stock without consideration or for a consideration less
than such common stock’s bid price value determined immediately prior to it’s
issuance, (iii) enter into any security instrument granting the holder a
security interest in any and all assets of the Company, or (iv) file any
registration statement on Form S-8.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    10. Cancellation
of Note. Upon the repayment by the Company of all of its obligations
hereunder to the Lender, including, without limitation, the principal amount of
this Note, plus accrued but unpaid interest, the indebtedness evidenced hereby
shall be deemed canceled and paid in full. Except as otherwise required by law
or by the provisions of this Note, payments received by the Lender hereunder
shall be applied first against expenses and indemnities, next against interest
accrued on this Note, and next in reduction of the outstanding principal balance
of this Note.

     

    11. Severability. If any provision of this
Note is, for any reason, invalid or unenforceable, the remaining provisions of
this Note will nevertheless be valid and enforceable and will remain in full
force and effect. Any provision of this Note that is held invalid or
unenforceable by a court of competent jurisdiction will be deemed modified to
the extent necessary to make it valid and enforceable and as so modified will
remain in full force and effect.

     

    12. Amendment
and Waiver. This
Note may be amended, or any provision of this Note may be waived, provided that
any such amendment or waiver will be binding on a party hereto only if such
amendment or waiver is set forth in a writing executed by the parties hereto.
The waiver by any such party hereto of a breach of any provision of this Note
shall not operate or be construed as a waiver of any other breach.

     

    13. Successors. Except as otherwise provided
herein, this Note shall bind and inure to the benefit of and be enforceable by
the parties hereto and their permitted successors and assigns.

     

    14. Assignment. This Note shall not be
directly or indirectly assignable or delegable by the Company. The Lender may
assign this Note as long as such assignment complies with the Securities Act of
1933, as amended.

     

    15. No Strict
Construction. The
language used in this Note will be deemed to be the language chosen by the
parties hereto to express their mutual intent, and no rule of strict
construction will be applied against any party.

     

    16. Further
Assurances. Each
party hereto will execute all documents and take such other actions as the other
party may reasonably request in order to consummate the transactions provided
for herein and to accomplish the purposes of this Note.

     

    17. Notices,
Consents, etc. Any notices, consents, waivers or other communications
required or permitted to be given under the terms hereof must be in writing and
will be deemed to have been delivered: (i) upon receipt, when delivered
personally; (ii) upon receipt, when sent by facsimile (provided confirmation of
transmission is mechanically or electronically generated and kept on file by the
sending party); or (iii) one (1) trading day after deposit with a nationally
recognized overnight delivery service, in each case properly addressed to the
party to receive the same. The addresses and facsimile numbers for such
communications shall be:

     

    
      
        
        

      

      
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                If
      to Company:

              	
                BAETA
      Corp.

              
	 
      	
                Att:
      Dr. Alexander Gak

              
	 
      	
                1
      Bridge Plaza

              
	 
      	
                Second
      Floor, Suite 275

              
	 
      	
                Fort
      Lee, NJ 07024

              
	 
      	 
      
	
                If
      to the Lender:

              	
                Mr.
      Leonid Pushkantser

              
	 
      	
                Mrs.
      Anna Yanovskaya

              
	 
      	
                251
      Warren Avenue

              
	 
      	
                Fort
      Lee, NJ 07024

              

      

       

    

    
    

    or at
such other address and/or facsimile number and/or to the attention of such other
person as the recipient party has specified by written notice given to each
other party three (3) trading days prior to the effectiveness of such change.
Written confirmation of receipt (A) given by the recipient of such notice,
consent, waiver or other communication, (B) mechanically or electronically
generated by the sender's facsimile machine containing the time, date, recipient
facsimile number and an image of the first page of such transmission or (C)
provided by a nationally recognized overnight delivery service, shall be
rebuttable evidence of personal service, receipt by facsimile or receipt from a
nationally recognized overnight delivery service in accordance with clause (i),
(ii) or (iii) above, respectively.

     

    18. Remedies,
Other Obligations, Breaches and Injunctive Relief. The Lender’s remedies
provided in this Note shall be cumulative and in addition to all other remedies
available to the Lender under this Note, at law or in equity (including a decree
of specific performance and/or other injunctive relief), no remedy of the Lender
contained herein shall be deemed a waiver of compliance with the provisions
giving rise to such remedy and nothing herein shall limit the Lender’s right to
pursue actual damages for any failure by the Company to comply with the terms of
this Note. No remedy conferred under this Note upon the Lender is intended to be
exclusive of any other remedy available to the Lender, pursuant to the terms of
this Note or otherwise. No single or partial exercise by the Lender of any
right, power or remedy hereunder shall preclude any other or further exercise
thereof. The failure of the Lender to exercise any right or remedy under this
Note or otherwise, or delay in exercising such right or remedy, shall not
operate as a waiver thereof. Every right and remedy of the Lender under any
document executed in connection with this transaction may be exercised from time
to time and as often as may be deemed expedient by the Lender. The Company
acknowledges that a breach by it of its obligations hereunder will cause
irreparable harm to the Lender and that the remedy at law for any such breach
may be inadequate. The Company therefore agrees that, in the event of any such
breach or threatened breach, the Lender shall be entitled, in addition to all
other available remedies, to an injunction restraining any breach, and specific
performance without the necessity of showing economic loss and without any bond
or other security being required.

     

    
      
        
        

      

      
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    19. Governing
Law; Jurisdiction.
THIS NOTE SHALL BE ENFORCED, GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW JERSEY APPLICABLE TO AGREEMENTS MADE AND TO BE
PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO THE PRINCIPLES OF
CONFLICT OF LAWS. THE BORROWER HEREBY SUBMITS TO THE EXCLUSIVE JURISDICTION OF
THE UNITED STATES FEDERAL COURTS LOCATED IN NEW JERSEY, NEW JERSEY WITH RESPECT
TO ANY DISPUTE ARISING UNDER THIS NOTE, THE AGREEMENTS ENTERED INTO IN
CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. BOTH
PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO THE
MAINTENANCE OF SUCH SUIT OR PROCEEDING. BOTH PARTIES FURTHER AGREE THAT SERVICE
OF PROCESS UPON A PARTY MAILED BY FIRST CLASS MAIL SHALL BE DEEMED IN EVERY
RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH SUIT OR
PROCEEDING. NOTHING HEREIN SHALL AFFECT EITHER PARTY’S RIGHT TO SERVE PROCESS IN
ANY OTHER MANNER PERMITTED BY LAW. BOTH PARTIES AGREE THAT A FINAL
NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND
MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY OTHER
LAWFUL MANNER. THE PARTY WHICH DOES NOT PREVAIL IN ANY DISPUTE ARISING UNDER
THIS NOTE SHALL BE RESPONSIBLE FOR ALL FEES AND EXPENSES, INCLUDING ATTORNEYS’
FEES, INCURRED BY THE PREVAILING PARTY IN CONNECTION WITH SUCH
DISPUTE.

     

    20. No
Inconsistent Agreements. None of the parties hereto
will hereafter enter into any agreement, which is inconsistent with the rights
granted to the parties in this Note.

     

    21. Third
Parties. Nothing
herein expressed or implied is intended or shall be construed to confer upon or
give to any person or entity, other than the parties to this Note and their
respective permitted successor and assigns, any rights or remedies under or by
reason of this Note.

     

    22. Waiver of Jury Trial.
AS A MATERIAL INDUCEMENT FOR THE LENDER TO LOAN TO THE COMPANY THE MONIES
HEREUNDER, THE COMPANY HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING RELATED IN ANY WAY TO THIS AGREEMENT AND/OR ANY AND ALL OF THE OTHER
DOCUMENTS ASSOCIATED WITH THIS TRANSACTION.

     

    23. Entire
Agreement. This Note (including any recitals hereto) set forth the entire
understanding of the parties with respect to the subject matter hereof, and
shall not be modified or affected by any offer, proposal, statement or
representation, oral or written, made by or for any party in connection with the
negotiation of the terms hereof, and may be modified only by instruments signed
by all of the parties hereto.

     

    

    [REMAINDER
OF PAGE INTENTIONALY LEFT BLANK]

     

    
      
        
        

      

      
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    IN WITNESS WHEREOF, this
Promissory Note is executed by the undersigned as of the date
hereof.

     

    
      
        	 	
                BAETA
      Corp.

              	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Alexander
      Gak	 
	 	 	Name:
       Alexander Gak 	 
	 	 	Title: 
        President	 
	 	 	Date:  
       August 9, 2010	 

      

    

     

    
 

    Acknowledged
and Agreed to:

    

    NOTE
HOLDERS:

     

    
      Mr.
Leonid Pushkantser

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        	 	 	 	 	 	 
	By: 	
                                /s/
      Leonid Pushkantser

                              	 	 	
                                 

                              	 
	Name: 
      Mr. Leonid Pushkantser	 	 	
                                 

                              	 
	
                                Date:   August
      9, 2010

                              	 	 	 	 

                      

                    

                  

                

              

            

          

        

      

    

     

     

     

    Mrs. Anna Yanovskaya

     

    
      
        	 	 	 	 	 	 
	By: 	
                /s/
      Anna Yanovskaya

              	 	 	
                 

              	 
	Name: 
      Mrs. Anna Yanovskaya	 	 	
                 

              	 
	
                Date:   August
      9, 2010

              	 	 	 	 

      

    
      
        
        

      

      
        6Restricted
Stock Unit Agreement

    

    
      This
Restricted Stock Unit Agreement  (“Agreement”) is entered into
as of March 23, 2010, by Horne
International , Inc., a Delaware corporation (the “Company”), and INTELLIGENT
DECISIONS, INC. a
Delaware limited liability company (the “INTELLIGENT”).

    

    

    Recitals

     

    WHEREAS,
the parties entered into a Services Agreement of even date herewith (the
“Services Agreement), pursuant to which, in exchange for services rendered, the
Company granted INTELLIGENT a certain number of Restricted Stock Units
representing the contingent right to 12,500,000 of shares of the Company’s
Common Stock (the “Common Stock”); and

     

    WHEREAS,
the parties wish to establish certain restrictions on the grant of the
Restricted Stock Units, to set forth conditions under which the units shall
vest, and otherwise to set forth the rights of the parties thereto;
and

     

    WHEREAS,
capitalized terms not defined above are defined in Section 15 of this
Agreement.

     

    NOW,
THEREFORE, in consideration of the mutual promises and covenants set forth
herein, the parties hereby agree as follows:

     

    SECTION
1.      GRANT AWARD.   In
consideration of the INTELLIGENT’S services to the Company, the Company hereby
grants to INTELLIGENT 12,500,000 restricted stock units each with a par value of
$.08 (the “Restricted Stock Units”).  Restricted Stock Units are
notational units of measurement denominated in shares of Common
Stock.  Each Restricted Stock Unit represents one hypothetical share
of Common Stock, subject to the conditions and restrictions set forth below and
in the Services Agreement.  

     

    SECTION
2.       FORFEITURE;
VESTING.

     

    (a)          Forfeiture.  Until
they vest in accordance with Subsection (b) below, the Restricted Stock
Units shall be non-vested, restricted and subject to the
forfeiture.  In the event that the Restricted Stock Units have not
vested in accordance with Subsection (b) within three (3) years of the date
hereof, INTELLIGENT shall immediately
forfeit such Restricted Stock Units and this Agreement, and the parties’ rights
hereunder,    shall terminate.  In the event of
any forfeiture of the Restricted Stock Units, such forfeiture shall be automatic
and without further act or deed by INTELLIGENT. Upon forfeiture, neither
INTELLIGENT nor any successors, heirs, assigns or legal representatives shall
thereafter have any further rights or interest in the unvested Restricted Stock
Units or certificates therefor.  Notwithstanding the foregoing, if
requested by the Company (or its agent), INTELLIGENT shall execute such
documents (including, without limitation, a power of attorney in favor of the
Company) and take such other action deemed necessary or desirable by the Company
to evidence such forfeiture.

     

    (b)          Vesting.  The
restrictions set forth herein on the Restricted Stock Units shall lapse and the
Restricted Stock Units shall immediately become 100% vested in INTELLIGENT on a pro rata basis as follows:

     

    (i)           Business
Support Services described in the Services Agreement provided by INTELLIGENT to
the Company the value of which shall be calculated as set forth in the Services
Agreement;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (ii)           a
Change of Control, provided that if such Change of Control is announced or
occurs within 30 days of the date on which the Services Agreement is executed,
then the Restricted Stock Units shall be forfeited back to the Company, and the
parties shall proceed as set forth in the Services Agreement; or

     

    (c)          Escrow.  Upon
execution of this Agreement, the certificate(s) for Restricted Stock Units shall
be deposited in escrow with the Company’s legal counsel to be held in accordance
with the provisions of this Agreement.  Any additional or exchanged
securities or other property described in Subsection (d) below shall
immediately be delivered to the Company to be held in
escrow.  Dividend Equivalents on unvested Restricted Stock Units due
at such time as all ordinary cash dividends as provided in Section 4 (or on
other securities held in escrow) shall be paid directly to INTELLIGENT and shall
not be held in escrow.  Restricted Stock Units, together with any
other assets held in escrow under this Agreement, shall be (i) surrendered
to the Company upon forfeiture or (ii) released to INTELLIGENT to the
extent that Restricted Stock Units have vested and are no longer subject to the
restrictions set forth herein.  In the event that the Restricted Stock
Units have vested and INTELLIGENT elects to receive the shares of Common Stock
represented thereby, such shares shall be issued to INTELLIGENT within
30 days of such election.

     

    (d)          Additional or Exchanged Securities
and Property.  In the event of a stock split, the declaration
of a stock dividend, the declaration of an extraordinary dividend payable in a
form other than stock, a spin-off, an adjustment in conversion ratio, a
recapitalization or a similar transaction affecting the Company’s outstanding
securities, any securities or other property (including cash or cash
equivalents) that are by reason of such transaction exchanged for, or
distributed with respect to, the Company’s outstanding securities, appropriate
adjustments shall be made to the number and/or class of the Restricted Stock
Units to reflect the exchange or distribution of such securities or
property.

     

    (e)          Transfer of Restricted Stock
Units.  INTELLIGENT shall not transfer, assign, encumber or
otherwise dispose of any Restricted Stock Units without the Company’s written
consent.  If  INTELLIGENT transfers any Restricted Stock
Units as provided herein, then this Agreement shall apply to the Transferee to
the same extent as to INTELLIGENT.

     

    SECTION
3.   REGISTRATION
RIGHTS.  In the event that the Restricted Stock Units are
vested in  INTELLIGENT and Registrable Securities are issued pursuant
thereto, INTELLIGENT shall enjoy the following registration
rights.  If the Company proposes to register (including, for this
purpose, a registration effected by the Company for stockholders other than
INTELLIGENT) any of its Common Stock under the Securities Act of 1933, as
amended, and the rules and regulations promulgated thereunder (the “Securities
Act”) and the registration form to be used may be used for the registration of
the Registrable Securities, the Company shall, at such time, promptly give
INTELLIGENT notice of such registration.  Upon the request
of  INTELLIGENT given within twenty (20) days after such notice is
given by the Company, the Company shall cause to be registered all of the shares
of Common Stock that  INTELLIGENT has requested to be included in such
registration.

     

    SECTION
4.    RIGHTS AS A STOCKHOLDER.

     

                          INTELLIGENT
shall have no rights as a stockholder of the Company and no voting rights with
respect to the Restricted Stock Units unless, until and only to the extent that
INTELLIGENT becomes the holder of record of fully vested shares of Common
Stock.  The Company will pay to INTELLIGENT an amount of cash equal to
all dividends and other distributions (or the economic equivalent thereof) that
are payable by the Company on shares of Common Stock to stockholders of
record.

     

    
      
         

      

      
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    SECTION
5.      SUCCESSORS AND
ASSIGNS.

     

    Except as
otherwise expressly provided to the contrary, the provisions of this Agreement
shall inure to the benefit of, and be binding upon, the Company and its
successors and assigns and be binding upon  INTELLIGENT and
INTELLIGENT’s legal representatives, heirs, legatees, distributees, assigns and
transferees by operation of law, whether or not any such person has become a
party to this Agreement or has agreed in writing to join herein and to be bound
by the terms, conditions and restrictions hereof.

     

    SECTION
6.      NO RETENTION RIGHTS.

     

    Nothing
in this Agreement shall confer upon INTELLIGENT any right to continue providing
services to the Company pursuant to the Services Agreement or interfere with or
otherwise restrict in any way the rights of the Company or
of  INTELLIGENT, which rights are hereby expressly reserved by each as
set forth in the Services Agreement; provided however that this Agreement and
the grant of the Restricted Stock Units hereunder shall survive for a period of
four years from the date hereof.

     

    SECTION
7.       LEGEND.

     

    The
Company may at any time place legends referencing any applicable federal, state
or foreign securities law restrictions on all certificates representing the
Restricted Stock Units or shares of Common Stock issued upon vesting.  All
certificates evidencing the Restricted Stock Units shall bear the following
legend (in addition to any legend(s) required by applicable law):

     

    “THE
RESTRICTED STOCK UNITS REPRESENTED HEREBY MAY NOT BE SOLD, ASSIGNED,
TRANSFERRED, ENCUMBERED OR IN ANY MANNER DISPOSED OF, EXCEPT IN COMPLIANCE WITH
THE TERMS OF A WRITTEN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER
OF THE RESTRICTED STOCK UNITS (OR THE PREDECESSOR IN INTEREST TO SUCH
UNITS).  THE SECRETARY OF THE COMPANY WILL UPON WRITTEN REQUEST
FURNISH A COPY OF SUCH AGREEMENT TO THE HOLDER HEREOF WITHOUT
CHARGE.”

     

    SECTION
8.       NATURE OF
ARRANGEMENT.

     

    INTELLIGENT’s rights under this
Agreement shall be only contractual in nature unsecured by any assets of the
Company. The Company shall not be required to segregate any specific funds,
assets or other property with respect to the Restricted Stock Units. To the
extent that this Agreement provides for a deferral of compensation within the
meaning of Section 409A of the Internal Revenue Code of 1986, as amended,
this Agreement is intended to comply with Section 409A of the Code and
shall be interpreted consistent with such intent.

     

    SECTION
9.       COMPLIANCE WITH SECURITIES
LAWS; BLACKOUT PERIODS.

     

    The Company will not be required to
deliver any shares of Common Stock pursuant to this Agreement if, in the opinion
of its counsel, such issuance would violate the Securities Act or any other
applicable federal or state securities laws or regulations.  Prior to
the issuance of any shares pursuant hereto, the Company may require the
INTELLIGENT to enter into such written representations and agreements as the
Company may reasonably request in order to comply with applicable securities
laws or with this Agreement.

     

    
      
         

      

      
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    Prior to each issuance of any shares
pursuant hereto, the Company hereby undertakes to provide notice to INTELLIGENT
of any Company “blackout” policy or other trading restriction imposed by the
Company that may be in effect on the date of such issuance.  If
INTELLIGENT elects to receive the shares of Common Stock deliverable upon
vesting of the Restricted Stock Units pursuant to Section 2 above, the Company
shall ensure that INTELLIGENT is not in receipt of material non-public
information that would in anyway restrict INTELLIGENT’s ability to trade in the
Company’s securities, acknowledging any restrictions on trading that may be
imposed pursuant to this Agreement or under the Securities Act.  If
INTELLIGENT is subject to any “blackout” policy or other Company imposed trading
restriction, such issuance of shares shall be instead made on the earlier of (i)
the date INTELLIGENT is not subject to any such policy or restriction and (ii)
the earlier of (A) the end of the calendar year in which such distribution would
otherwise have been made and (B) a date that is immediately prior to 2.5 months
following the date such distribution would otherwise have been
made.

     

    SECTION
10.     TAXES.

     

    
      INTELLIGENT shall be liable for any and
all taxes arising out of this grant or the vesting of Restricted Stock Units
hereunder

    

     

    SECTION
11.     NOTICE.

     

    Any
notice required by the terms of this Agreement shall be given in
writing.  It shall be deemed effective upon (i) personal
delivery, (ii) deposit with the United States Postal Service, by registered
or certified mail, with postage and fees prepaid or (iii) deposit with
Federal Express Corporation or any other nationally recognized overnight
carrier, with shipping charges prepaid.  Notice shall be addressed to
the Company at its principal executive office and to the INTELLIGENT at the
address most recently provided to the Company in accordance with this
Section 11.

     

    SECTION
12.     ENTIRE AGREEMENT; AMENDMENT;
SEVERABILITY.

     

    This
Agreement, along with the Services Agreement, constitutes the entire agreement
between the parties hereto with regard to the subject matter
hereof.  It supersedes any other agreements, representations or
understandings (whether oral or written and whether express or implied) which
relate to the subject matter hereof.  Any amendment, modification or
waiver of the terms hereof shall be in writing and signed by both
parties.  The invalidity or unenforceability of any particular
provision of this Agreement shall not affect the other provisions hereof, and
this Agreement shall be construed in all respects as if such invalid or
unenforceable provision had been omitted.

     

    SECTION
13.     CHOICE OF LAW; DISPUTES.

     

    This Agreement shall be governed by,
and construed in accordance with, the laws of the State of Delaware, as such
laws are applied to contracts entered into and performed in such State. Any
question of interpretation, dispute or disagreement that arises under, or as a
result of, this Agreement shall be settled in accordance with the dispute
resolution provisions set forth in the Services Agreement.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    SECTION 14.   
  COUNTERPARTS.

     

    This Agreement may be executed in any
number of counterparts, each of which shall constitute an original and all of
which taken together shall constitute one and the same
instrument.  Delivery of an executed signature page by facsimile
transmission shall be as effective as delivery of a manually executed
counterpart hereof.

     

    SECTION
15.      DEFINITIONS.

     

    (a)           “Change in Control” shall mean
one or more transactions resulting in (i) the liquidation, dissolution or
winding up of the Company, (ii) the transfer of all or substantially all of the
assets of the Company, (iii) a merger or consolidation of the Company with
another entity where the Company is not the surviving or successor entity, (iv)
a reverse merger involving the Company with another entity; or (v) one or more
persons or entities (other than the shareholders of the Company that are
existing as of the date hereof) either (A) owning in the aggregate in excess of
50% of the then outstanding capital stock of the Company or (B) being able to
elect a majority of the Board or otherwise to exercise, directly or indirectly,
a controlling influence over the management or policies of the
Company.

     

    (b)           “Qualifying Investment” shall
mean one or more capital raising events (whether by way of a secondary public
offering or other investment transaction involving the sale of securities
(including, for this purpose, any convertible securities), which in the
aggregate exceeds $5,000,000.

     

    (c)           “Registrable Securities” means
the shares of Common Stock issuable or issued upon lapse of the restrictions as
set forth in Section 2(b).

     

    (d)           “Transferee” shall mean any
person to whom the INTELLIGENT has directly transferred Restricted Stock
Units.

     

    *           *           *

     

    {Signatures
appear on the Following Page}

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
      In
Witness Whereof, each of the parties has caused this Restricted Stock
Unit Agreement to be duly executed by its duly authorized officers as of the day
and year first above written.

    

     

    
      
        
          
            
              
                	
                        Horne
      International, Inc.

                      	 
      	
                        INTELLIGENT
      DECISIONS, INC.

                      
	 	 	 	 
	
                        By:

                      	
                        /s/ Darryl K.
      Horne

                      	 
      	
                        By:

                      	
                        /s/ HARRY I. MARTIN, JR.

                      
	
                        Name:

                      	
                         
        Darryl K. Horne

                      	 
      	
                        Name:

                      	
                         
        Harry I. Martin, Jr.

                      
	
                        Title:

                      	
                           
        President

                      	 
      	
                        Title:

                      	
                           
       
President

                      

              

            

          

        

      

    

    
      
         

      

      
        6

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