Document:

Exhibit 10.2

	

 
 	

MASTER NOTE

	

	

$1,700,000
 	

Date:  June 29, 2006

          FOR VALUE RECEIVED, the undersigned, a Delaware corporation, promises to pay to the order of CITIBANK, N.A. (the “Bank”), on or before June 30, 2007 (the “Maturity Date”), the sum of One Million Seven Hundred Thousand Dollars ($1,700,000), or, if less, the aggregate unpaid principal amount of all advances made by the Bank pursuant to the line of credit, not to exceed an aggregate amount at any one time outstanding of One Million Seven Hundred Thousand Dollars ($1,700,000), available to the undersigned hereunder (the “Line”).

          The undersigned also promises to pay interest in like money on the unpaid principal amount hereof from time to time outstanding at a fluctuating rate per annum equal to the prime rate of interest as published in the Money Rates column of the Wall Street Journal from time to time (the “Prime Rate”) plus a margin of 0% per annum (the “Prescribed Rate”). Any change in the Prescribed Rate shall take effect on the date of the change in the Prime Rate. Interest shall be calculated on the basis of a 360-day year for the actual number of days elapsed and shall be payable on the first day of each month commencing on the first such date to occur after the date the first advance is made, and on the Maturity Date. All payments hereunder shall be payable in immediately available funds in lawful money of the United States. The undersigned authorizes the Bank to charge any of the undersigned’s
accounts for payments of principal or interest.

          Any payment of principal of or interest payable hereunder which is not paid when due, whether at maturity, by acceleration, or otherwise, shall bear interest from the date due until paid in full at a rate per annum equal to three percent (3%) above the Prescribed Rate.

          All requests for advances shall be irrevocable and shall be for a minimum of $25,000 and must be received by the Bank no later than 12:00 noon on the date of the proposed advance. The Bank may act without liability upon the basis of telephonic notice believed by the Bank in good faith to be from the undersigned. In each such case, the undersigned hereby waives the right to dispute the Bank’s record of the terms of such telephonic notice. The undersigned shall immediately confirm to the Bank in writing each telephonic notice. All advances under the  Line are at the Bank’s sole and absolute discretion and the Bank, at its option and in its sole and absolute discretion and without notice to the undersigned, may decline to make any advance requested by the undersigned.

          Subject to the terms and conditions hereof and the terms and conditions set forth in any agreement in writing between the Bank and the undersigned, the undersigned may borrow, repay in whole or in part, and reborrow on a revolving basis, up to the maximum amount of the Line. Advances may be prepaid without premium or penalty together with accrued interest thereon to and including the date of prepayment. The Bank shall maintain its records to reflect the amount and date of each advance and of each payment of principal and interest thereon. All such records shall, absent manifest error, be conclusive as to the outstanding principal amount hereof; provided, however, that the failure to make any notation to the Bank’s records shall not limit or otherwise affect the obligations of the undersigned to repay each advance made by the Bank, in accordance with the terms hereof.

          As security for the payment of this Note and of all other obligations and liabilities of the undersigned to the Bank, whether now or hereafter existing, joint, several, direct, indirect, absolute, contingent, secured, matured or unmatured, the undersigned grants to the Bank a right of setoff against, a continuing security interest in, and an assignment and pledge of all moneys, deposits (general or special), securities and other property of the undersigned and the proceeds thereof, now or hereafter held by the Bank on deposit, in safekeeping, in transit or otherwise, at any time credited by or due from the Bank to the undersigned, or in which the undersigned shall have an interest.

          Upon the occurrence and continuance of any of the following (each an “Event of Default”): (a) default in the payment when due of any amount hereunder; (b) filing by or against the undersigned of a petition commencing any proceeding under any bankruptcy, reorganization, rearrangement, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction, now or hereafter in effect; (c) making by the undersigned of an assignment for the benefit of creditors; (d) petitioning or applying to any tribunal for the appointment of a custodian, receiver or trustee for the undersigned or for a substantial part of its assets; (e) death or incapacity of the undersigned (if an individual); (f) entry of any judgment or order of attachment, injunction or governmental tax lien or levy issued against the undersigned or against any property of the undersigned; (g) consent by the undersigned to
assume, suffer or allow to exist, without the prior written consent of the Bank, any lien, mortgage, assignment or other encumbrance on any of its assets or personal property, now owned or hereafter acquired, except those liens, mortgages, assignments or other encumbrances in, existence on the date hereof and consented to in writing by the Bank; (h) default in the punctual payment or performance of this or any other obligation to the Bank or to any other lender at any time; (i) the existence or occurrence at any time of one or more conditions or events which, in the sole opinion of the Bank, has resulted or is reasonably likely to result in a material adverse change in the business, properties or financial condition of the undersigned; (j) failure on request to furnish any financial information or to permit inspection of the books and records of the undersigned; (k) any warranty, representation or statement in any application, statement or agreement which proves

false in any material respect, (I), default in the observance or performance of any covenant or agreement of the undersigned herein or in any other agreement between the Bank and the undersigned; or (m) any of the foregoing events (other than the event described in clause (a)) shall occur with respect to any guarantor of the undersigned’s obligations hereunder then this Note shall, at the sole option of the Bank, become due and payable without notice or demand; provided, however, if an event described in clause (b), clause (c) or clause (d) above occurs, this Note shall automatically become due and payable.

          Upon the occurrence and during the continuance of an Event of Default, the Bank shall be entitled to setoff against and apply to the payment hereof the balance of any account or accounts maintained with the Bank by the undersigned and to exercise any other right or remedy granted hereunder, or under any agreement between the undersigned and the Bank or available at law or in equity, including, but not limited to, the rights and remedies of a secured party under the New York Uniform Commercial Code. The failure by the Bank at any time to exercise any such right shall not be deemed a waiver thereof, nor shall it bar the exercise of any such right at a later date. Each and every right and remedy granted to the Bank hereunder or under any agreement between the undersigned and the Bank or available at law or in equity shall be cumulative and not exclusive of any other rights, powers, privileges or remedies,
and may be exercised by the Bank from time to time and as often as may be necessary in the sole and absolute discretion of the Bank.

          The undersigned agrees to pay, on demand, all of the Bank’s costs and expenses, including reasonable counsel fees (whether in-house or outside counsel), in connection with the collection of any amounts due to the Bank hereunder or in connection with the enforcement of the Bank’s rights under this Note.

          This Note shall be governed by and construed in accordance with the laws of the State of New York without giving effect to principles of conflict or choice of laws.

          THE UNDERSIGNED HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY FEDERAL OR STATE COURT IN THE STATE OF NEW YORK IN ANY ACTION, SUIT OR PROCEEDING BROUGHT AGAINST IT AND RELATED TO OR IN CONNECTION WITH THIS NOTE OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY AND CONSENTS TO THE PLACING OF VENUE IN THE COUNTY OF NEW YORK OR OTHER COUNTY PERMITTED BY LAW. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE UNDERSIGNED HEREBY WAIVES AND AGREES NOT TO ASSERT BY WAY OF MOTION, AS A DEFENSE OR OTHERWISE, IN ANY SUCH SUIT, ACTION OR PROCEEDING ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF SUCH COURTS, THAT THE SUIT, ACTION OR PROCEEDING IS BROUGHT IN AN INCONVENIENT FORUM, THAT THE VENUE OF THE SUIT, ACTION OR PROCEEDING IS IMPROPER, OR THAT THIS NOTE OR ANY OTHER DOCUMENT OR INSTRUMENT REFERRED TO HEREIN MAY NOT BE LITIGATED IN OR BY SUCH COURTS. NOTWITHSTANDING THE FOREGOING,
THE BANK SHALL HAVE THE RIGHT TO BRING ANY ACTION OR PROCEEDING AGAINST THE GUARANTOR OR ITS PROPERTY IN THE COURTS OF ANY OTHER JURISDICTION. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE UNDERSIGNED AGREES NOT TO SEEK AND HEREBY WAIVES THE RIGHT TO ANY REVIEW OF THE JUDGMENT OF ANY SUCH COURT BY ANY COURT OF ANY OTHER NATION OR JURISDICTION WHICH MAY BE CALLED UPON TO GRANT AN ENFORCEMENT OF SUCH JUDGMENT. THE UNDERSIGNED AGREES THAT SERVICE OF PROCESS MAY BE MADE UPON IT BY CERTIFIED OR REGISTERED MAIL TO ITS ADDRESS SET FORTH BELOW OR SUCH OTHER ADDRESS THAT THE UNDERSIGNED SHALL HAVE NOTIFIED THE BANK IN WRITING OR ANY METHOD AUTHORIZED BY THE LAWS OF THE STATE OF NEW YORK. EXCEPT AS PROHIBITED BY LAW, THE UNDERSIGNED HEREBY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NOTE.

          The undersigned and the Bank hereby agree and acknowledge that any and all information relating to the undersigned which is
 furnished by the undersigned to the Bank (or to any affiliate of the Bank), and which is non-public, confidential or proprietary in nature, shall be kept confidential by the Bank or such affiliate in accordance with applicable law; provided, however, that such information and other credit information relating to the undersigned may be distributed by the Bank or such affiliate (a) to the Bank’s or such affiliate’s directors, officers, employees, attorneys, affiliates, attorneys, auditors and regulators, and (b) upon the order of a court or other governmental agency having jurisdiction over the Bank or such affiliate, to any other party. The undersigned and the Bank further agree that this provision shall survive the termination of this Note.

          The Bank shall not, by any act, delay, omission or otherwise, be deemed to have waived any of its rights and/or remedies hereunder. No change, amendment, modification, termination, waiver, or discharge, in whole or in part, of any provision of this Note shall be effective unless in writing and signed by the Bank, and if so given by the Bank, shall be effective only in the specific instance in which given. The undersigned acknowledges that this Note and the undersigned’s obligations under this Note are, and shall at all times continue to be, absolute and unconditional in all respects, and shall at all times be valid and enforceable irrespective of any other agreements or circumstances of any nature

2

whatsoever which might otherwise constitute a defense to this Note and the obligations of the undersigned under this Note. The undersigned absolutely, unconditionally and irrevocably waives any and all right to assert any set-off, counterclaim or crossclaim of any nature whatsoever with respect to this Note or the undersigned’s obligations hereunder.

          In the event any one or more of the provisions contained in this Note should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.

          The undersigned hereby waives presentment, demand for payment, protest, notice of dishonor, and any and all other notices or demands in connection with the delivery, acceptance, performance, default, or enforcement of this Note.

          The term “Bank” as used herein shall be deemed to include the Bank and its successors and assigns, and any holder hereof.

          The term “undersigned” as used herein shall, if this Note is signed by more than one party, unless otherwise stated herein, mean the “undersigned and each of them” and each undertaking herein contained shall be their joint and several undertaking. The Bank may proceed against One or more of the undersigned at one time or from time to time as it elects in its sole and absolute discretion.

          At no time shall the rate of interest charged under this Note exceed the maximum rate of interest permitted under applicable law. If at any time the Prescribed Rate shall exceed such maximum rate, and thereafter the Prescribed Rate is below such maximum rate, then the Prescribed Rate shall be increased to the maximum rate for such period of time as is required so that the total amount of interest received by the Bank is that which would have been received by the Bank but for the first sentence of this paragraph.

          In the event that any change in applicable law or regulation, or in the interpretation thereof by any governmental authority charged with the administration thereof, shall impose on or deem applicable to the Bank any reserve requirements against this Note or the Line or impose upon the Bank any other costs or assessments, the undersigned shall pay to the Bank on demand an amount sufficient to compensate the Bank for the additional cost resulting from the maintenance or imposition of such reserves, costs or assessments.

          Any consents, agreements, instructions or requests pertaining to any matter in connection with this Note, signed by any one of the undersigned, shall be binding upon all of the undersigned. This Note shall bind the respective successors, heirs or representatives of the undersigned. This Note and the Line shall not be assigned by the undersigned without the Bank’s prior written consent.

          IN WITNESS WHEREOF, the undersigned has duly executed this Note the day and year first above written.

 

	
	
   
  	
   
  
	 International Smart Sourcing, Inc. 
	
   

  
	By:
 Name:	
	
      Title: 
  	  

Borrower’s Address:
 320 Broad Hollow Road
 Farmingdale, NY 11735

3Testing Agreement

    Exhibit
      10.1

    

    MICROSOFT
      .NET CONNECTED LOGO PROGRAM

    TESTING
      AGREEMENT

    

    This
      Microsoft .NET Connected Logo Program Testing Agreement
      (the
      "Agreement") is by and between MICROSOFT CORPORATION, a Washington corporation
      ("Microsoft"), and the individual or entity who agrees and accepts the following
      terms and conditions of this Agreement by typing their name and clicking "I
      Accept" below ("Company''). The date upon which this Agreement takes effect
      is
      the date Microsoft counter accepts this Agreement (the "Effective Date").
      Microsoft and Company may be referred to herein individually as a "party" or
      collectively as the "parties."

     

    Backqround

    

    A. Company
      is the owner or authorized licensor of certain XML web services and applications
      defined as "Company Products" herein;

    

    B. Company
      desires to Test and certify that its Company Products meet the Microsoft .NET
      Connected Logo Program Technical Specifications as identified herein and has
      designed the Company Products to be in compliance with the same throughout
      the
      Term as defined herein; and

    

    C.
      Microsoft further desires the right to list Company Products on the ".NET
      Connected Directory" for such Company Products certified to be compliant, solely
      as permitted by the terms and conditions herein.

     

    Agreement

    

    Now,
      therefore,
      the
      parties agree as follows:

    

    1.
      Definitions.

    (a)
      ".NET
      Connected Directory" means the online directory located at
      http://www.microsoft.com/net/directory for web services and applications that
      conform to the Microsoft .NET Connected Logo Program Technical
      Specifications.

    

    (b)
      "Company
      Products" means Company's XML web services and applications.

    

    (c)
      "Criteria" means the requirements set forth in the Microsoft .NET Connected
      Logo
      Program Technical Specifications for the Microsoft .NET Connected
      Designation.

    

    (d)
      "Microsoft
      .NET Connected Designation" means (1) the Base Logo, or (2) the Premium Logo
      referenced at, and subject to the terms and conditions of use, located at
      www.microsoft.com/net/logo.

    

    (e)
      "Microsoft
      .NET Connected Logo Program Technical Specifications" means the technical
      requirements and Testing procedures located at
      www.microsoft.com/net/logo.

    

    (f)
      "Test",
      "Tested" or "Testing" means testing by Company of the Company Product for
      compliance with the Microsoft .NET Connected Logo Program Technical
      Specifications.

    

    2.
      Microsoft
      Certification Testing and Standards.

    (a)
      Microsoft
      shall at all times establish the requirements for conformance testing, pursuant
      to procedures established by Microsoft from time to time and described in the
      Microsoft .NET Connected Program Technical Specifications.

    

    (b)
      Company
      shall ensure each Company Product meets the Criteria and remains in compliance
      throughout the Term as set forth in the then-current Microsoft .NET Connected
      Logo Program Technical Specifications.

    

    (c)
      Microsoft may post information regarding any Company Product in the .NET
      Connected Directory provided (i) such Company Product meets the Criteria
      described herein; and (ii) Company continues to support such Company Product
      for
      operation in compliance with the Microsoft .NET Connected Logo Program Technical
      Specifications and has not requested that Microsoft exclude such Company Product
      from the .NET Connected Directory. Company may 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    elect
      to
      exclude Company Product from the .NET Connected Directory by checking the
      appropriate box during registration.

    

    (d)
      Company
      shall be responsible for maintaining and supporting the Company Products and
      shall continue to support the Company Products for so long as each applicable
      Company Product is listed in the .NET Connected Directory, and shall notify
      Microsoft at least ninety (90) days in advance of any cessation of
      support.

    

    3.
      Testing
      of Company Products.

    (a)
      Testing
      By Company. Company shall conduct Testing of Company Products to ensure to
      the
      best of Company's knowledge that such Company Product meets the Criteria. Any
      and all Testing by Company shall be performed at Company's sole
      expense.

    

    (b)
      Audit.
      Microsoft shall have the right, upon written notice to Company, to conduct
      an
      audit of any Company Products Tested by Company for the purposes of validating
      Test results and ensuring compliance with the Criteria. Within five (5) days
      of
      the date of the audit notice, Company shall send the Company Products requested
      or otherwise enable Microsoft to confirm the applicable Company Products meet
      the Criteria. In addition, Company shall also provide Microsoft with any user,
      technical reference and/or instruction guides for the Company Products, as
      well
      as any other documentation or information reasonably requested by Microsoft
      for
      using Company Products and/or conducting the confirmation activities. If, as
      a
      result of such audit, Microsoft determines, in its sole discretion, that a
      Company Product Tested by Company did not actually pass the relevant conformance
      test, Microsoft shall so notify Company in writing, and Company shall have
      thirty (30) days from the date of such notice to correct and re-test such
      Company Product at Company's expense. In the event the Company Product still
      fails conformance testing, Microsoft's acceptance of such Company Product shall
      be deemed revoked.

    

    4.
      Disclaimer
      of Warranties.

    MICROSOFT'S
      TESTING SERVICES ARE PROVIDED "AS IS" AND WITH ALL FAULTS, AND MICROSOFT
      DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE,
      INCLUDING WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS
      FOR A PARTICULAR PURPOSE. IN ADDITION, THERE IS NO WARRANTY OF ACCURACY OF
      INFORMATION, FUNCTIONALITY, SERVICES AND/OR AVAILABILITY OR LACK THEREOF FOR
      THE
      TESTING SERVICES AND/OR ANY MICROSOFT WEBSITE REFERRED TO OR UTILIZED PURSUANT
      TO THIS AGREEMENT.

    

    5.
      Limitation
      of Liabilities.

    NEITHER
      PARTY SHALL BE LIABLE FOR ANY INDIRECT, CONSEQUENTIAL, INCIDENTAL, PUNITIVE,
      SPECIAL OR OTHER DAMAGES (INCLUDING, WITHOUT LIMITATION, LOSS OF BUSINESS
      PROFITS OR OPPORTUNITIES OR DAMAGES RESULTING FROM DELAYS IN TESTING), EVEN
      IF
      SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT
      WILL
      MICROSOFT OR ITS AFFILIATES BE LIABLE TO COMPANY, ITS AFFILIATES OR TO ANY
      THIRD
      PARTY, WHETHER IN CONTRACT (INCLUDING ANY PROVISION OF THIS AGREEMENT), TORT,
      OR
      OTHERWISE, IN ANY AMOUNT THAT EXCEEDS AMOUNTS PAID BY COMPANY TO MICROSOFT
      UNDER
      THIS AGREEMENT.

    

    6.
      Nondisclosure.

    (a)
      Subject
      to Section 6(b), each party expressly undertakes to retain in confidence all
      non-public information and know-how transmitted to the other that the disclosing
      party has identified as being proprietary and/or confidential or that, by the
      nature of the circumstances surrounding the disclosure, ought in good faith
      to
      be treated as proprietary and/or confidential, and will make no use of such
      information and know-how except under the terms and during the existence of
      this
      Agreement. However, neither party shall have an obligation to maintain the
      confidentiality of information, however designated, that (i) it received
      rightfully from another party prior to its receipt from the disclosing party;
      (ii) the disclosing party has disclosed to a third party without any obligation
      to maintain such information in confidence; or (iii) is independently developed
      by the receiving party. Further, either party may disclose confidential
      information as required by governmental or judicial order, provided such party
      gives the other prompt notice prior to such disclosure and complies with any
      protective order (or equivalent) imposed on such disclosure. Each party's
      obligation under this Section 6 shall extend to the earlier of such time as
      the
      information protected hereby is publicly available through no fault of the
      obligated party or five (5) years following receipt of the confidential
      information.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)
      Notwithstanding anything to the contrary herein, Company expressly agrees that
      the only information it shall provide under this Agreement shall be limited
      to
      information necessary solely in connection with Testing to confirm that a
      Company Product meets the Criteria through the procedures and standards of
      the
      Microsoft .NET Connected Logo Program Technical Specifications.

    

    (c)
      The
      parties' obligations of confidentiality under this Agreement shall not be
      construed to limit either party's right to independently develop or acquire
      products without use of the other party's confidential information. Further,
      either party shall be free to use for any purpose the residuals resulting from
      access to or work with such confidential information, provided that such party
      shall maintain the confidentiality of the confidential information as provided
      herein. The term "residuals" means information in non-tangible form, which
      may
      be retained by persons who have had access to the confidential information,
      including ideas, concepts, know-how or techniques contained therein. Neither
      party shall have any obligation to limit or restrict the assignment of such
      persons or to pay royalties for any work resulting from the use of residuals.
      However, the foregoing shall not be deemed to grant to either party a license
      under the other party's copyrights or patents.

    

    7.
      Term
      and Termination.

    (a) Term.
      The
      initial term of this Agreement shall commence as of the Effective Date and
      shall
      continue for a period of one (1) year (the "Term"). This Agreement may be
      renewed for additional one (1) year term(s), provided (i) Company is not in
      breach of this Agreement; (ii) Company re-Tests each Company Product to certify
      that such products comply with the then-current Microsoft .NET Connected Logo
      Program Technical Specifications; and (iii) Microsoft counter accepts such
      renewal at that time.

    

    (b) Termination.
      Either
      party may terminate this Agreement at any time upon thirty (30) days' prior
      written notice to the other party.

    

    (c) Survival.
      Sections
      2(d), 3(b), and 4-9 shall survive termination or expiration of this
      Agreement.

    

    8.
      Notices.
      All
      notices, authorizations, and requests In connection with this Agreement shall
      be
      in writing, addressed as stated herein, (or to such other address as the party
      to receive the notice so designates by written notice to the other) and shall
      be
      deemed given when: (i) deposited in the mail, postage prepaid, certified or
      registered, return receipt requested; or (ii) sent by air express courier,
      charges prepaid. The parties shall fax a copy of any such notices to the fax
      numbers identified below on the same day.

    

    MICROSOFT:

    

    Microsoft
      Corporation

    One
      Microsoft Way

    Redmond,
      WA 98052-6399

    Attention:
      Lynn Cafferty

    Re:
      Microsoft .NET Connected Logo Program Testing Agreement

    FAX:
      425-936-7329

    

    With
      Copy
      To:

    

    Microsoft
      Corporation

    One
      Microsoft Way

    Redmond,
      WA 98052-6399

    Attention:
      Law & Corporate Affairs

    Re:
      Microsoft .NET Connected Logo Program Testing Agreement

    Fax:
      425-936-7329

     

    COMPANY:

    

    Information
      listed in the registration form.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    9.
      Miscellaneous.

    

    (a) Governing
      Law.
      This
      Agreement shall be construed and controlled by the laws of the State of
      Washington, and Company consents to exclusive jurisdiction and venue in the
      federal courts sitting in King County, Washington, unless no federal
      jurisdiction exists, in which case Company consents to exclusive jurisdiction
      and venue in the Superior Court of King County, Washington. Company waives
      all
      defenses of lack of personal jurisdiction and forum non conveniens. Process
      may
      be served on either party in the manner authorized by applicable law or court
      rule.

    

    (b)
      Attorneys' Fees.
      If
      either party employs attorneys to enforce any rights arising out of or relating
      to this Agreement, the prevailing party shall be entitled to recover its
      reasonable costs and attorneys' fees.

    

    (c)
      Entire Agreement.
      This
      Agreement constitutes the entire agreement between the parties with respect
      to
      the subject matter hereof and supersedes all prior and contemporaneous
      agreements or communications with respect to the subject matter hereof. This
      Agreement shall not be modified except by a written agreement dated subsequent
      to the date of this Agreement and signed on behalf of Company and Microsoft
      by
      their respective duly authorized representatives. For the avoidance of doubt,
      nothing in this Agreement shall limit Microsoft's ability to modify the
      Microsoft .NET Connected Logo Program Technical Specifications and/or terms
      of
      use for the Microsoft .NET Connected Designation after the Term. No waiver
      of
      any breach of any provision of this Agreement shall constitute a waiver of
      any
      prior, concurrent or subsequent breach of the same or any other provisions
      hereof, and no waiver shall be effective unless made in writing and signed
      by an
      authorized representative of the waiving party.

    

    (d)
      Prohibition on Assignment.
      This
      Agreement may be assigned by Microsoft but shall not be assigned by Company
      without Microsoft's prior written approval. Except as otherwise provided, this
      Agreement shall be binding upon and inure to the benefit of the parties'
      successors and lawful assigns.

    

    (e)
      No Partnership.
      Neither
      this Agreement, nor any terms or conditions contained herein, shall be construed
      as creating a partnership, joint venture, agency relationship or franchise.
      Except as used in this Section, the use of the term "partner" or "partnership"
      shall have no legal significance as those terms are construed under the
      statutory or common law of any national, state or local
      jurisdiction.

    

    (f)
      Severability.
      If any
      provision of this Agreement shall be held by a court of competent jurisdiction
      to be illegal, invalid or unenforceable, the remaining provisions shall remain
      in full force and effect.

    

    (g)
      Section Headings.
      The
      Section headings herein are for the convenience of the parties and shall not
      be
      deemed to supersede or modify any provisions.

     

    

    [Agreement
      entered into on January 21, 2003 online by Tim Napoleon on behalf of the
      Company]

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