Document:

Exhibit
      4.1

    

    SMART
      ENERGY SOLUTIONS, INC.

    2007
      STOCK INCENTIVE PLAN

    

    Section
      1. Purpose.
      The
      purposes of this Smart Energy Solutions, Inc. 2007 Stock Incentive Plan (the
      "Plan") are to encourage selected employees, officers, directors and consultants
      of, and other individuals providing services to, Smart Energy Solutions, Inc.
      (together with any successor thereto, the "Company") and its Affiliates (as
      defined below) to acquire a proprietary interest in the growth and performance
      of the Company, to generate an increased incentive to contribute to the
      Company's future success and prosperity thus enhancing the value of the Company
      for the benefit of its stockholders, and to enhance the ability of the Company
      and its Affiliates to attract and retain exceptionally qualified individuals
      upon whom, in large measure, the sustained progress, growth and profitability
      of
      the Company depend.

    

    Section
      2. Definitions.
      As used
      in the Plan, the following terms shall have the meanings set forth
      below:

    

    "Affiliate"
      shall mean (i) any entity that, directly or through one or more intermediaries,
      is controlled by the Company and (ii) any entity in which the Company has a
      significant equity interest, as determined by the Board.

    

    "Award"
      shall mean any Restricted Security granted under the Plan.

    

    "Award
      Agreement" shall mean any written agreement, contract or other instrument or
      document evidencing any Award granted under the Plan.

    

    "Board"
      shall mean the Board of Directors of the Company.

    

    "Cause,"
      as used in connection with the termination of a Participant's employment or
      a
      Participant's consulting relationship, as the case may be, shall mean (i) with
      respect to any Participant employed under a written employment agreement or
      otherwise providing services to the Company pursuant to a written agreement
      with
      the Company or an Affiliate of the Company which agreement includes a definition
      of "cause," "cause" as defined in such agreement or, if such agreement contains
      no such definition, a material breach by the Participant of such agreement,
      or
      (ii) with respect to any other Participant, the failure to perform adequately
      in
      carrying out such Participant's employment or consulting responsibilities,
      as
      the case may be, including any directives from the Board, or engaging in such
      behavior in his personal or business life as to lead the Board in its reasonable
      judgment to determine that it is in the best interests of the Company to
      terminate his employment or consulting relationship, as the case may
      be.

    

    "Common
      Stock" shall mean the common stock of the Company, no par value.

    

    "Code"
      shall mean the Internal Revenue Code of 1986, as amended from time to time,
      and
      the regulations promulgated thereunder.

    

    "Common
      Shares" shall mean any or all, as applicable, of the Common Stock and such
      other
      securities or property as may become the subject of Awards, or become subject
      to
      Awards, pursuant to an adjustment made under Section 4(b) of the Plan and any
      other securities of the Company or any Affiliate or any successor that may
      be so
      designated by the Board.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    "Employee"
      shall mean any employee of the Company or of any Affiliate.

    

    "Exchange
      Act" shall mean the Securities Exchange Act of 1934, as
      amended.

    

    "Fair
      Market Value" shall mean (A) with respect to any property other than the Common
      Shares, the fair market value of such property determined by such methods or
      procedures as shall be established from time to time by the Board; and (B)
      with
      respect to the Common Shares, the last sale price regular way on the date of
      reference, or, in case no sale takes place on such date, the average of the
      high
      bid and low asked prices, in either case on the principal national securities
      exchange on which the Common Shares are listed or admitted to trading, or if
      the
      Common Shares are not listed or admitted to trading on any national securities
      exchange, the last sale price reported on the National Market System of the
      National Association of Securities Dealers Automated Quotation System ("NASDAQ")
      on such date, or the last sale price in the over-the-counter market reported
      on
      the NASD OTC Bulletin Board on such date, whichever is applicable, or if there
      are no such prices reported on the NASD OTC Bulletin Board on such date, as
      furnished to the Board by any New York Stock Exchange member selected from
      time
      to time by the Board for such purpose. If there is no bid or asked price
      reported on any such date, the Fair Market Value shall be determined by the
      Board in accordance with the regulations promulgated under Section 2031 of
      the
      Code, or by any other appropriate method selected by the Board.

    

    "Good
      Reason", as used in connection with the termination of a Participant's
      employment or consulting relationship, as the case may be, shall mean (i) with
      respect to any Participant employed under a written employment agreement or
      otherwise providing services to the Company pursuant to a written agreement
      with
      the Company or an Affiliate of the Company, "good reason" as defined in such
      written agreement or, if such agreement contains no such definition, a material
      breach by the Company of such agreement, or (ii) with respect to any other
      Participant, a failure by the Company to pay such Participant any amount
      otherwise vested and due and a continuation of such failure for 30 business
      days
      following notice to the Company thereof.

    

    "Participant"
      shall mean any individual granted an Award under the Plan.

    

    "Person"
      shall mean any individual, corporation, partnership, association, joint-stock
      company, trust, unincorporated organization, or government or political
      subdivision thereof.

    

    "Released
      Securities" shall mean securities that were Restricted Securities but with
      respect to which all applicable restrictions have expired, lapsed or been waived
      in accordance with the terms of the Plan or the applicable Award
      Agreement.

    

    "Restricted
      Securities" shall mean any Common Shares granted under Section 6(a) of the
      Plan,
      any right granted under Section 6(a) of the Plan that is denominated in Common
      Shares or any other Award under which issued and outstanding Common Shares
      are
      held subject to certain restrictions.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    "Securities
      Act" shall mean the Securities Act of 1933, as amended.

    

    Section
      3. Administration.
      The
      Plan shall be administered by the Board. Subject to the terms of the Plan and
      applicable law, and in addition to other express powers and authorizations
      conferred on the Board by the Plan, the Board shall have full power and
      authority to: (i) designate Participants; (ii) determine the type or types
      of
      Awards to be granted to an eligible Employee or other individual under the
      Plan;
      (iii) determine the number of Common Shares to be covered by Awards; (iv)
      determine the terms and conditions of any Award; (v) determine whether, to
      what
      extent, and under what circumstances Awards may be settled or exercised, or
      canceled, forfeited or suspended, and the method or methods by which Awards
      may
      be settled, exercised, canceled, forfeited or suspended; (vi) determine
      requirements for the vesting of Awards or performance criteria to be achieved
      in
      order for Awards to vest; (vii) determine whether, to what extent and under
      what
      circumstances Common Shares payable with respect to an Award under the Plan
      shall be deferred either automatically or at the election of the holder thereof
      or of the Board; (viii) interpret and administer the Plan and any instrument
      or
      agreement relating to, or Award made under, the Plan; (ix) establish, amend,
      suspend or waive such rules and regulations and appoint such agents as it shall
      deem appropriate for the proper administration of the Plan; and (x) make any
      other determination and take any other action that the Board deems necessary
      or
      desirable for the administration of the Plan. Unless otherwise expressly
      provided in the Plan, all designations, determinations, interpretations and
      other decisions under or with respect to the Plan or any Award shall be within
      the sole discretion of the Board, may be made at any time and shall be final,
      conclusive and binding upon all Persons, including the Company, any Affiliate,
      any Participant, any holder or beneficiary of any Award, any stockholder and
      any
      Employee. No Awards under this Plan shall be granted after December 31,
      2014.

    

    Section
      4. Common
      Shares Available for Awards.

    

    (a)
       Common
      Shares Available.
      Subject
      to adjustment as provided in Section 4(b):

    

    (i)
       Calculation
      of Number of Common Shares Available.
      The
      number of Common Shares available for granting Awards under the Plan shall
      be
      10,000,000, any or all of which may be or may be based on Common Stock, any
      other security which becomes the subject of Awards, or any combination thereof.
      Initially 10,000,000 shares of Common Stock shall be reserved for Awards
      hereunder. Further, if, after the date of the Plan, any Common Shares covered
      by
      an Award granted under the Plan or to which such an Award, are forfeited, or
      if
      an Award otherwise terminates or is canceled without the delivery of Common
      Shares, then the Common Shares covered by such Award or to which such Award
      relates, or the number of Common Shares otherwise counted against the aggregate
      number of Common Shares available under the Plan with respect to such Award,
      to
      the extent of any such forfeiture, termination or cancellation, shall again
      be,
      or shall become, available for granting Awards under the Plan.

    

    (ii)
       Sources
      of Common Shares Deliverable Under Awards.
      Any
      Common Shares delivered pursuant to an Award may consist, in whole or in part,
      of authorized and unissued Common Shares or of treasury Common
      Shares.

    

    (b)
       Adjustments.
      In the
      event that the Board shall determine that any dividend or other distribution
      (whether in the form of cash, Common Shares, other securities or other
      property), recapitalization, stock split, reverse stock split, reorganization,
      merger, consolidation, split-up, spin-off, combination, repurchase or exchange
      of Common Shares or other securities of the Company, or other similar corporate
      transaction or event affects the Common Shares such that an adjustment is
      determined by the Board to be appropriate in order to prevent dilution or
      enlargement of the benefits or potential benefits intended to be made available
      under the Plan, then the Board shall, in such manner as it may deem equitable,
      adjust any or all of (i) the number and kind of Common Shares (or other
      securities or property) which thereafter may be made the subject of Awards,
      (ii)
      the number and kind of Common Shares (or other securities or property) subject
      to outstanding Awards, and (iii) the grant or exercise price with respect to
      any
      Award or, if deemed appropriate, make provision for a cash payment to the holder
      of an outstanding Award; provided, however, that the number of Common Shares
      subject to any Award denominated in Common Shares shall always be a whole
      number.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Section
      5. Eligibility.
      Any
      Employee, including any officer or employee-director of the Company or of any
      Affiliate, and any consultant of, or other individual providing services to,
      the
      Company or any Affiliate shall be eligible to be designated a
      Participant.

    

    Section
      6. Awards.

    

    (a)
      Restricted
      Securities.

    

    (i)
       Issuance.
      The
      Board is hereby authorized to grant to eligible Employees "Restricted
      Securities" which shall consist of the right to receive, by purchase or
      otherwise, Common Shares which may be subject to such restrictions as the Board
      may impose (including, without limitation, any limitation on the right to vote
      such Common Shares or the right to receive any dividend or other right or
      property), which restrictions may lapse separately or in combination at such
      time or times, in such installments or otherwise, as the Board may deem
      appropriate. Notwithstanding the foregoing, if the Company registers this Plan
      or the Restricted Securities which may be issued hereunder, the Securities
      shall
      have no transfer restrictions thereon

    

    (ii)
       Registration.
      Restricted Securities granted under the Plan may be evidenced in such manner
      as
      the Board may deem appropriate, including, without limitation, book-entry
      registration or issuance of a stock certificates or certificates. In the event
      any stock certificate is issued in respect of Restricted Securities granted
      under the Plan, such certificate shall be registered in the name of the
      Participant and shall bear an appropriate legend referring to the terms,
      conditions and restrictions applicable to such Restricted
      Securities.

    

    (iii)
       Forfeiture.
      Except
      as otherwise determined by the Board, upon termination of a Participant's
      employment or a Participant's consulting relationship, as the case may be,
      for
      any reason during the applicable restriction period, all of such Participant's
      Restricted Securities which had not become Released Securities by the date
      of
      termination of employment or consulting relationship shall be forfeited and
      reacquired by the Company; provided, however, that the Board may, when it finds
      that a waiver would be in the best interests of the Company, waive in whole
      or
      in part any or all remaining restrictions with respect to such Participant's
      Restricted Securities. Unrestricted Common Shares, evidenced in such manner
      as
      the Board shall deem appropriate, shall be issued to the holder of Restricted
      Securities promptly after such Restricted Securities become Released
      Securities.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)
      General.

    

    (i)
      Limits
      on Transfer of Awards.

    

    (A)
      No
      Award (other than Released Securities), and no right under any such Award,
      may
      be assigned, alienated, pledged, attached, sold or otherwise transferred or
      encumbered by a Participant otherwise than by will or by the laws of descent
      and
      distribution (or, in the case of Restricted Securities, to the Company) and
      any
      such purported assignment, alienation, pledge, attachment, sale or other
      transfer or encumbrance shall be void and unenforceable against the Company
      or
      any Affiliate.

    

    (B)
      Each
      Award, and each right under any Award, shall be exercisable, during the
      Participant's lifetime only by the Participant or if permissible under
      applicable law, by the Participant's guardian or legal
      representative.

    

    (ii)
       Terms
      of Awards.
      The
      term of each Award shall be for such period as may be determined by the
      Board.

    

    (iii) Common
      Share Certificates.
      All
      certificates for Common Shares delivered under the Plan pursuant to any Award
      or
      the exercise thereof shall be subject to such stop transfer orders and other
      restrictions as the Board may deem advisable under the Plan or the rules,
      regulations, and other requirements of the Securities and Exchange Commission,
      any stock exchange upon which such Common Shares are then listed, and any
      applicable Federal or state securities laws, and the Board may cause a legend
      or
      legends to be put on any such certificates to make appropriate reference to
      such
      restrictions.

    

    (v)
       Delivery
      of Common Shares or Other Securities and Payment by Participant of
      Consideration.
      No
      Common Shares or other securities shall be delivered pursuant to any Award
      until
      payment in full of any amount required to be paid pursuant to the Plan or the
      applicable Award Agreement is received by the Company. Such payment may be
      made
      by such method or methods and in such form or forms as the Board shall
      determine, including, without limitation, cash, Common Shares, other securities,
      other Awards or other property, or any combination thereof; provided that the
      combined value, as determined by the Board, of all cash and cash equivalents
      and
      the Fair Market Value of any such Common Shares or other property so tendered
      to
      the Company, as of the date of such tender, is at least equal to the full amount
      required to be paid pursuant to the Plan or the applicable Award Agreement
      to
      the Company.

     

    Section
      7. Amendments.
      Except
      to the extent prohibited by applicable law:

    

    (a)
       Amendments
      to the Plan.
      The
      Board may amend, alter, suspend, discontinue, or terminate the Plan without
      the
      consent of any stockholder, Participant, other holder or beneficiary of an
      Award, or other Person; provided, however, that any amendment, alteration,
      suspension, discontinuation, or termination that would impair the rights of
      any
      Participant, or any other holder or beneficiary of any Award theretofore
      granted, shall not to that extent be effective without the consent of such
      Participant, other holder or beneficiary of an Award, as the case may
      be.

    

    (b)
       Amendments
      to Awards.
      The
      Board may amend any terms of, or alter, suspend, discontinue, cancel or
      terminate, any Award theretofore granted, prospectively or retroactively;
      provided, however, that any amendment, alteration, suspension, discontinuation,
      cancellation or termination that would impair the rights of any Participant
      or
      holder or beneficiary of any Award theretofore granted, shall not to that extent
      be effective without the consent of such Participant or holder or beneficiary
      of
      an Award, as the case may be.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Section
      8. General
      Provisions.

    

    (a)
       No
      Right to Awards.
      No
      Employee or other Person shall have any claim to be granted any Award under
      the
      Plan, and there is no obligation for uniformity of treatment of Employees,
      or
      holders or beneficiaries of Awards under the Plan. The terms and conditions
      of
      Awards need not be the same with respect to each recipient.

    

    (b)
       Correction
      of Defects, Omissions, and Inconsistencies.
      The
      Board may correct any defect, supply any omission, or reconcile any
      inconsistency in the Plan or any Award in the manner and to the extent it shall
      deem desirable to carry the Plan into effect.

    

    (c)
       Withholding.
      The
      Company or any Affiliate shall be authorized to withhold from any Award granted,
      from any payment due or transfer made under any Award or under the Plan or
      from
      any compensation or other amount owing to a Participant the amount (in cash,
      Common Shares, other securities, other Awards, or other property) of withholding
      taxes due in respect of an Award, its exercise, or any payment or transfer
      under
      such Award or under the Plan and to take such other action as may be necessary
      in the opinion of the Company or Affiliate to satisfy all obligations for the
      payment of such taxes. 

    

    (d)
       No
      Right to Employment.
      The
      grant of an Award shall not be construed as giving a Participant the right
      to be
      retained in the employ of the Company or any Affiliate. Further, the Company
      or
      an Affiliate may at any time dismiss a Participant from employment, free from
      any liability, or any claim under the Plan, unless otherwise expressly provided
      in the Plan or in any Award Agreement.

    

    (e)
       Governing
      Law.
      The
      validity, construction, and effect of the Plan and any rules and regulations
      relating to the Plan shall be determined in accordance with the laws of the
      State of Nevada and applicable Federal law.

    

    (f)
       Severability.
      If any
      provision of the Plan or any Award is or becomes or is deemed to be invalid,
      illegal or unenforceable in any jurisdiction or as to any Person or Award under
      any law deemed applicable by the Board, such provision shall be construed or
      deemed amended to conform to applicable laws, or if it cannot be construed
      or
      deemed amended without, in the determination of the Board, materially altering
      the intent of the Plan or the Award, such provision shall be stricken as to
      such
      jurisdiction, Person or Award and the remainder of the Plan and any such Award
      shall remain in full force and effect. 

    

    (g)
       No
      Trust or Fund Created.
      Neither
      the Plan nor any Award shall create or be construed to create a trust or
      separate fund of any kind or a fiduciary relationship between the Company or
      any
      Affiliate and a Participant or any other Person. To the extent that any Person
      acquires a right to receive payments from the Company or any Affiliate pursuant
      to an Award, such right shall be no greater than the right of any unsecured
      general creditor of the Company or any Affiliate.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (h)
       No
      Fractional Common Shares.
      No
      fractional Common Shares shall be issued or delivered pursuant to the Plan
      or
      any Award, and the Board shall determine whether cash, other securities, or
      other property shall be paid or transferred in lieu of any fractional Common
      Shares or whether such fractional Common Shares or any rights thereto shall
      be
      canceled, terminated, or otherwise eliminated.

    

    (i)
       Headings.
      Headings are given to the Sections and subsections of the Plan solely as a
      convenience to facilitate reference. Such headings shall not be deemed in any
      way material or relevant to the construction or interpretation of the Plan
      or
      any provision thereof.

    

    Section
      9. Adoption,
      Approval and Effective Date of the Plan.
      The
      Plan was adopted by the Board effective June 19, 2007.Unassociated Document

    EXHIBIT
      10.1

    

    SERVICES
      AGREEMENT

     

    THIS
      SERVICES AGREEMENT, effective as of July 1, 2007, is entered into by and between
      SP Corporate Services, LLC (“SP”), a Delaware limited liability company, having
      an office 590 Madison Avenue, 32nd Floor, New York, New York 10022, and CoSine
      Communications, Inc. (the “Company”) having an office at 61 East Main Street,
      Suite B, Los Gatos, CA 95031.

    

    W
      I T N E
      S S E T H:

    

    WHEREAS,
      the Company desires to have SP furnish certain services to the Company, as
      set
      forth on Exhibit A attached hereto as it may be amended from time to time
      pursuant to the terms hereof (the “Services”), and SP has agreed to furnish
      Services, pursuant to the terms and conditions hereinafter set forth;
      and

    

    WHEREAS,
      this Agreement has been approved by a majority of the disinterested directors
      of
      the Company.

    

    NOW,
      THEREFORE, the parties hereto, intending to be legally bound, hereby agree
      as
      follows:

    

    Section
      1. Engagement
      of SP.

    

    1.01. During
      the term of this Agreement, SP shall provide to the Company such Services,
      as
      more fully described and defined on Exhibit A, as may be necessary or desirable
      or as may be reasonably requested or required, in connection with the business,
      operations and affairs, both ordinary and extraordinary, of the Company and
      its
      subsidiaries and affiliates. 

    

    In
      performing Services, SP shall be subject to the supervision and control of
      the
      disinterested directors of the Company. In no event shall SP incur an obligation
      or enter into any transaction on behalf of the Company involving in excess
      of
      $50,000 without the prior approval of the disinterested directors of the
      Company.

    

    1.02. While
      the
      amount of time and personnel required for performance by SP hereunder will
      necessarily vary depending upon the nature and type of Services, SP shall devote
      such time and effort and make available such personnel as may from time to
      time
      reasonably be required for the performance of Services hereunder.
      Notwithstanding the foregoing, SP shall make Terry R. Gibson available to act
      as, and he shall devote such time and effort as is necessary to fulfill the
      statutory and fiduciary duties of, the Chief Executive Officer, President,
      Chief
      Financial Officer and Secretary of the Company until such time as otherwise
      instructed or removed by the board of directors of the Company or the
      resignation of Terry R. Gibson in any of the capacities. 

    

    1.03. Exhibit
      A
      may be amended from time to time to provide for additional Services, the
      elimination of certain Services, increases or decreases to the compensation
      paid
      hereunder, or other changes, upon the mutual agreement of the parties
      hereto.

     

    Section
      2. Term.

    

    This
      Agreement shall commence effective as of July 1, 2007, and shall continue
      through June 30, 2008, and shall automatically renew for successive one (1)
      year
      periods unless and until terminated by either party, on any anniversary date,
      upon not less than thirty (30) days prior written notice to the other.
      Notwithstanding the foregoing, this Agreement shall terminate upon 30 days
      prior
      written notice from the Company received by SP within 60 days following the
      death of Terry R. Gibson or his resignation as Chief Executive Officer, Chief
      Financial Officer or Secretary of the Company.

    

    Section
      3. Payments
      to SP.
      

    

    3.01. In
      consideration of Services furnished by SP hereunder, the Company shall pay
      to SP
      a fixed monthly fee as set forth in Section 3.02, which shall be adjustable
      annually upon mutual agreement by the parties or at other times upon the
      amendment of Exhibit A pursuant to Section 1.03. In addition, the Company shall
      reimburse SP for all reasonable and necessary business expenses, including
      legal
      expenses, incurred on behalf of the Company.

    

    3.02. The
      Company shall pay SP a fixed monthly fee in the amount set forth on Exhibit
      A in
      advance on the first day of each month.

    

    Section
      4. Limitation
      on Liability.

    

    To
      the
      fullest extent permitted by law and as consistent with the Company's Bylaws
      and
      Fourth Amended and Restated Certificate of Incorporation (the "Company's Charter
      Documents"), SP shall not be liable to the Company, any affiliate thereof or
      any
      third party for any losses, claims, damages, liabilities, penalties, obligations
      or expenses, including reasonable legal fees and expenses, of any kind or nature
      whatsoever due to any act or omission in connection with the rendering of
      Services hereunder, unless that act or omission constitutes gross negligence,
      willful misconduct or fraud. Further, SP shall reasonably rely on information
      provided to it about the Company, if any, that is provided by the Company or
      the
      Company’s affiliates, employees or agents. In no event shall SP be liable for
      any error or inaccuracy of any report, computation or other information or
      document produced in accordance with this Agreement, for whose accuracy the
      Company assumes all responsibility, unless resulting from the gross negligence,
      willful misconduct or fraud of SP or SP’s officers, directors, employees or
      agents. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Section
      5. Indemnity.

    

    To
      the
      fullest extent permitted by law and as consistent with the Company's Charter
      Documents, the Company shall defend, indemnify, save and hold harmless SP from
      and against any claims, liabilities, damages, losses, costs or expenses,
      including amounts paid in satisfaction of judgments, in compromises and
      settlements, as fines and penalties and legal or other costs and reasonable
      expenses of investigating or defending against any claim or alleged claim of
      any
      nature whatsoever resulting from SP’s actions under the terms of this Agreement,
      except to the extent occasioned by the gross negligence, willful misconduct
      or
      fraud of SP or SP’s officers, directors, employees or agents. To the fullest
      extent permitted by law and as consistent with the Company's Charter Documents,
      the Company’s obligation to indemnify SP hereunder shall extend to and inure to
      the benefit of SP’s officers, directors, members, employees, affiliates and
      consultants. If SP should reasonably determine, its interests are or may be
      adverse to the interests of the Company, SP may retain its own counsel in
      connection with such claim or alleged claim or action, in which case the Company
      shall be liable, to extent permitted under this Section 5, to SP for any
      reasonable and documented legal, accounting or other directly related fees
      and
      expenses incurred by SP in connection with its investigating or defending such
      claim or alleged claim or action.

    

    Section
      6. Confidential
      Information.

    

    SP
      shall
      not at any time during or following the termination or expiration for any reason
      of this Agreement, directly or indirectly, disclose, publish or divulge to
      any
      person (except where necessary in connection with the furnishing of Services
      under this Agreement), appropriate or use, or cause or permit any other person
      to appropriate or use, any of the Company’s inventions, discoveries,
      improvements, trade secrets, copyrights or other proprietary, secret or
      confidential information not then publicly available.

    

    Section
      7. Non-Exclusive
      Arrangement; Conflicts of Interest.

    

    The
      Company acknowledges that SP may from time to time enter into agreements similar
      to this Agreement with other companies pursuant to which SP may agree to provide
      services similar in nature to the Services being provided hereunder. The Company
      understands that the person or persons providing the Services hereunder may
      also
      provide similar or additional services to other companies, including as officers
      and directors of such companies. In addition, to the extent business
      opportunities arise, the Company acknowledges that SP will be under no
      obligation to present such opportunity to the Company, and SP may, in its sole
      discretion, present any such opportunity to whatever company it so chooses,
      or
      to none at all; provided, however, nothing contained herein shall affect or
      otherwise limit the fiduciary obligations of the officers or directors of the
      Company. 

    

    Section
      8. General.

    

    8.01. This
      Agreement constitutes the entire agreement between the parties hereto pertaining
      to the subject matter hereof and supersedes all prior representations and
      agreements, whether oral or written, and cannot be modified, changed, waived
      or
      terminated except by a writing signed by both of the parties hereto. No course
      of conduct or trade custom or usage shall in any way be used to explain, modify,
      amend or otherwise construe this Agreement.

    

    8.02. All
      notices, requests, demands and other communications required or permitted under
      this Agreement shall be in writing and shall be deemed to have been duly given
      if personally delivered, sent by nationally recognized overnight carrier, one
      day after being sent, or mailed by first class registered or certified mail,
      return receipt requested, five days after being sent.

    

    8.03. This
      Agreement shall be construed under the laws of the State of New York and the
      parties hereby submit to the personal jurisdiction of any federal or state
      court
      located therein, and agree that jurisdiction shall rest exclusively therein,
      without giving effect to the principles of conflict of laws.

    

    8.04. This
      Agreement may not be assigned by any party without the prior written consent
      of
      the other parties to this Agreement.

    

    8.05. This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed to be an original but all of which together shall constitute one and
      the
      same instrument.

    

    8.06. Sections
      4, 5 and 6 shall survive any expiration or termination of this
      Agreement.

    
       

    

    
       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    IN
      WITNESS WHEREOF, the parties have duly executed this Agreement as of June 15,
      2007 . 

     

    
      	 	
              SP
                CORPORATE SERVICES LLC

            
	 	 
	 	
              By:

            	
              /s/ 
                Terry R. Gibson

            
	 	 	
              Name: 
                Terry
                R. Gibson

            
	 	 	
              Title: Managing
                Director

            
	 	 
	 	
              COSINE
                COMMUNICATIONS, INC.

            
	 	 
	 	
              By:

            	
              /s/ 
                Terry R. Gibson

            
	 	 	
              Name: 
                Terry
                R. Gibson

            
	 	 	
              Title: President
                

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

    
 

    The
      “Services” shall include the following:

    

    1. Provide
      the non-exclusive services of Terry R. Gibson to serve as the Company’s Chief
      Executive Officer, President, Chief Financial Officer and Secretary (the
      "Company's Officers"). Such person, in his capacity as the Company's Officers,
      will perform all duties normally associated with that of each of the Company's
      Officers, including without limitation:

    

    • Responsibility
      for any and all financing matters for the Company and its subsidiaries including
      but not limited to debt, equity or other financings, whether through the public
      markets or in private transactions, or otherwise, including the negotiation
      and
      consummation of all of the foregoing.

    

    • Review
      of
      annual and quarterly budgets and related matters.

    

    • Supervise
      and administer, as appropriate, all accounting/financial duties and related
      functions on behalf of the Company for its operations and business matters
      (including control of the Company’s cash, checking accounts, revenue receipts,
      disbursements, bookkeeping, accounts, ledgers, billings, payroll and related
      matters).

    

    • Provide
      or engage the non-exclusive services of a person or persons to conduct the
      periodic review of the Company’s Net Operating Losses (“NOL”), including the
      impact of changes in Company shareholders on the availability of any NOL’s
      (“Provided NOL Services”). The Provided NOL Services will not include so-called
“382 studies” or updates to 382 studies due to changes in shareholders or other
      Company activities (“Extra NOL Services”). If SP or Terry R. Gibson procures or
      provides Extra NOL Services to the Company, upon prior Company approval, the
      Company will be billed separately and additionally by SP therefore.

    

    • Review
      and supervise the Company’s presently existing reporting obligations under
      United States Securities and Exchange Commission regulations for a public
      corporation, including Quarterly Reports on Form 10-Q and Annual Reports on
      Form
      10-K, as well as under related state laws.

    

    • Act
      as
      and perform the duties of the Company's Principle Executive Officer and
      Principle Accounting Officer. 

    

    • Organization
      and preparation for board meetings, corporate record keeping, management of
      due
      diligence for corporate transactions, review and maintenance of D&O
      insurance policies, and other similar items.

    

    • Maintain
      the Company’s corporate office and legal address.

    

    • All
      other
      duties of the Company's Officers as set forth in the Company's Bylaws, as
      amended.

    

    2. Provide
      the non-exclusive services of such other personnel as necessary for the
      performance of SP’s obligations under this Agreement.

    

    The
      monthly fee for providing the Services shall be $17,000.

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