Document:

ex10-17.htm

     Exhibit
10.17 

     SPRINT
PCS ADVANTAGE AGREEMENT FOR BUSINESS 

     

     New
Agreement 

     Renewal
Agreement 

    
      	
               CUSTOMER
      ACCOUNT INFORMATION 

            	
               ROOT
      ACCOUNT NUMBER: 

            
	
               Customer’s
      Legal Name 

               Vemics,
      Inc. 

            	
               Federal
      Tax Identification Number: 

               13-4182867 

            

    

    
      	
               Street
      Address (P.O. Box not acceptable) 

               523
      Avalon Gardens Drive 

            
	
               City 

               Nanuet 

            	
               State 

               New
      York 

            	
               Zip 

               10954 

            	
               Business
      Phone 

               845-371-7380 

            	
               Email
      Address 

               Fzolla@vemics.com 

            
	
               Primary
      Contact 

               Fred
      Zolla 

            	
               Primary
      Contact Employment Title 

               CEO 

            
	
               City 

               Nanuet 

            	
               State 

               New
      York 

            	
               Zip 

               10954 

            	
               Business
      Phone 

               845-371-7380 

            	
               Email
      Address 

               Fzolla@vemics.com 

            
	
               Business
      Type (check one) 

                 Corporation       Partnership        Limited
      Liability
      Company/Partnership        Sole
      Proprietor       Other 

            

    

     

     1.
TERM AND SERVICE INFORMATION 

     

    
      	
               1.1 

            	
               Term (check
      one):   12 months   24 months   27
      months (including a three (3) -month Ramp Up Period) (defined as the
      "Term"). If no Term is checked, the Term is 27 months. This Agreement will
      be effective on the Effective Date as defined in the Standard Terms and
      Conditions. 

               

            

    

    
      	
               1.2 

            	
               Active Unit Commitment
      Level: q 1-4 Active Units
      q 5-24 Active
      Units q 25+
      Active Units. If no Active Unit Commitment Level is checked, the Active
      Unit Commitment Level is 5 Corporate-Liable Active Units. The Active Unit
      Commitment Level must include at least 5 Corporate-Liable Active
      Units. 

               

            

    

    
      	
               13 

            	
               Is this an Affiliate
      Market? q
      Yes    q No  If
      yes, name of Affiliate Market 

               

            

    

    
      	
               1.4 

            	
               Agreement. This Sprint
      PCS Advantage Agreement and any addenda, including the attached Sprint PCS
      Service Plan Addendum (collectively the "Agreement"), establish the terms
      and conditions governing Sprint's provision of the Sprint PCS Services
      over the Nationwide Sprint PCS® Network. Sprint Spectrum L.P. provides the
      Sprint PCS Products and Services listed in this Agreement. This Agreement
      and any information concerning its pricing, terms, and conditions are
      Sprint's proprietary information and are governed by the Sprint Standard
      Terms and Conditions for Communication Services ("Standard Terms and
      Conditions"). Sprint PCS Services are subject to the Standard Terms and
      Conditions, the Wireless Services Product Annex ("Product Terms and
      Conditions"), and, if applicable, any other wireless product or
      service-specific terms and conditions, all of which are incorporated into
      this Agreement as posted at www.sprint.com/ratesandconditions
      as of the date Customer signs this Agreement. All terms and conditions in
      this Agreement only refer to Active Units, Sprint PCS Services, and Sprint
      PCS Products operating on the Nationwide Sprint PCS® Network, unless
      otherwise specified. Customers purchasing 1-4 Active Units will not have
      access to the pricing in this Agreement beyond the Term. 

               

            

    

    
      	
               1.5 

            	
               Number Transfers. To the
      extent Customer wishes to port its current landline or wireless telephone,
      Customer gives consent to Sprint to proceed with the number portability
      request by signing this
Agreement. 

            

    

     

     2.    CUSTOMER
ACKNOWLEDGMENTS 

     

     To
become effective, this Agreement must be: (a) signed by an authorized Customer
representative; and (b) signed by a Sprint officer or authorized designee. If
Customer continues to receive Sprint PCS Services after expiration or
termination of this Agreement, Sprint may provide the Sprint PCS Services on a
month-to-month basis subject to the terms, conditions and pricing in this
Agreement or at standard list pricing subject to the then-current Standard Terms
and Conditions and Product Terms and Conditions, unless either party provides 30
days advance written notice to terminate. 

    

     Authorized
Customer
Signature:                                                                                                           Title:                        
 Date: 

     For
Sprint Solutions, Inc.
Signature:                                                                                                     Title:               
          Date: 

     

    
      	
               SPRINT
      BUSINESS REPRESENTATIVE USE ONLY 

            
	
               Sprint
      Representative Name 

               Don
      Kanarr 

            	
               Rep
      Phone Number 

               201-891-5667 

            	
               P2K
      Market Code 

            	
               ASI
      Market Code 

            
	
               Sprint
      Retail Store Number (if applicable) 

               

            	
               Pre-sale
      Credit Check Number 

            	
               Corporate
      Liable Node Number 

            	
               Employee
      Liable Node Number 

            
	
               Notes: 

               Sprint Partner
      Program:  Use appropriate submission forms, contact your
      Indirect Channel manager with questions. 

               Third Party
      Nationals:  Use appropriate submission forms, contact
      your Indirect Channel Manager with
  questions. 

            

    

     

    
   

    
      
         

      

      
         1 

        
          

        

      

      
         

      

    

     

     SPRINT
PCS ADVANTAGE AGREEMENT FOR BUSINESS 

    

     SPRINT
PCS SERVICE PLAN ADDENDUM 

    

    
      	
                
      

            	
               1.
      INTRODUCTION 

               

            

    

    
      	
                
      

            	
               1.1 Sprint PCS Services.
      This Sprint PCS Service Plan Addendum ("SPA") sets out the Sprint PCS
      Service Business Plans and pricing available to Customer. Capitalized
      terms not defined in the SPA have the meanings set out in the Agreement,
      Standard Terms and Conditions, or Product Terms and
      Conditions. 

               

            

    

    
      	
                
      

            	
               1.2 Sprint PCS Affiliate
      Markets. Prices may not apply if Corporate-Liable Active Units are
      activated in Sprint PCS Affiliate Markets. 

               

            

    

     2.
SPRINT NATIONWIDE VOLUME PROGRAM DISCOUNT 

     

    
      	
                
      

            	
               2.1 

            	
               The Nationwide Volume Program
      discount applies to eligible MRCs and is only available for Active Units
      using Sprint PCS Service activated on the Nationwide Sprint PCS® Network
      under this Agreement. To participate in the Nationwide Volume
      Program, Customer must agree to a 24- or 27-month (includes a three (3)
      month Ramp Up Period) Term and must have and maintain at least 5
      Corporate-Liable Active Units at all times during the Term of the
      Agreement. Customer's Nationwide Volume Program discount, described in the
      table below, is a percentage discount off the Net MRCs charged to Customer
      for Corporate-Liable Active Units on (1) the Business Plans, and (2) any
      other MRC, unless otherwise noted in the MRC description.
      Net MRCs means the base MRC listed before taxes and other charges
      and after calculation of all other discounts, rebates, service credits or
      any such similar credits. The Nationwide Volume Program discount does not
      apply to overage, usage-based or other charges. 

               

            

    

    
      	
                
      

            	
               2.2 

            	
               Active Unit Commitment Level
      and Nationwide Volume Program Discount. On the Effective Date,
      Customer warrants and represents that its selected Active Unit Commitment
      Level (specified below) is a good faith estimate of the number of Active
      Units that will be activated under Customer's Sprint account hierarchy
      initially or during the Ramp Up Period (if any) and maintained throughout
      the Term of the Agreement. If the Corporate-Liable Active Units and
      Individual-Liable Active Units aggregated together (only after the initial
      5 Corporate-Liable Active Units) are not equal to or greater than the
      selected Active Unit Commitment Level initially or by the end of the Ramp
      Up Period (if any), Sprint may reduce the discount Customer and Employees
      received initially or during the Ramp Up Period (if any) for the remaining
      Term. If Customer met the Active Unit Commitment Level listed in the table
      below initially or at the end of the Ramp Up Period (if any) but fails to
      maintain that Active Unit Commitment Level at any time during the
      remaining term, Sprint also may reduce the discount Customer and Employees
      received during the Ramp Up Period for the remaining
    Term. 

            

    

    

    
      	
               Active
      Unit Commitment
      Level 

            	
               Nationwide
      Volume Program Discount
      on  

               Corporate-Liable
      Active
      Units 

            	
               Nationwide
      Volume Program
      Discount  

               on
      Individual-Liable
      Active Units 

            
	
               
      5-24 

            	
               5% 

            	
               5% 

            
	
               
      25+ 

            	
               8% 

            	
               5% 

            

    

    

     3.
SPRINT PCS VOICE AND DATA PLANS FOR BUSINESS 

    
      	
                
      

            	
               3.1
      Sprint Business Essentials® with 7.PM.
Plan 

            

    

    
      	  
      	
               Business 

               Essentials 

               400 

            	
               Business 

               Essentials 

               1000 

            	
               Business 

               Essentials 

               1400 

            	
               Business 

               Essentials 

               2000 

            	
               Business 

               Essentials 

               3000 

            	
               Business 

               Essentials 

               4000 

            
	
               MRC 

            	
               $39.99 

            	
               $59.99 

            	
               $79.99 

            	
               $99.99 

            	
               $149.99 

            	
               $199.99 

            
	
               Anytime
      Minutes 

            	
               400 

            	
               1000 

            	
               1400 

            	
               2000 

            	
               3000 

            	
               4000 

            
	
               Anytime
      Minutes Overage 

            	
               $0.40/minute 

            	
               $0.40/minute 

            	
               $0.40/minute 

            	
               $0.40/minute 

            	
               $0.40/minute 

            	
               $0.40/minute 

            
	
               Mobile
      to Mobile 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            
	
               Unlimited
      Nights & Weekends starting at 7 pm 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            
	
               Shared
      Minutes 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            
	
               Nationwide
      Long Distance 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            
	
               Roaming 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            
	
               Caller
      ID &Voice Mail 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            

    

    

    
      
         

      

      
         2 

        
          

        

      

      
         

      

    

     

     SPRINT
PCS ADVANTAGE AGREEMENT FOR BUSINESS 

    

     3.2           Sprint
Free Incoming Plans 

    
      	  
      	
               Sprint
      Free 

               Incoming
      300 

            	
               Sprint
      Free 

               Incoming
      500 

            	
               Sprint
      Free 

               Incoming
      800 

            	
               Sprint
      Free 

               Incoming
      1000 

            
	
               MRC 

            	
               $49.99 

            	
               $59.99 

            	
               $79.99 

            	
               $99.99 

            
	
               Anytime
      Minutes 

            	
               300 

            	
               500 

            	
               800 

            	
               1000 

            
	
               Incoming
      Minutes 

            	
               Unlimited 

            	
               Unlimited 

            	
               Unlimited 

            	
               Unlimited 

            
	
               Unlimited
      Night & Weekend Minutes Starting at 9pm 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            
	
               Mobile
      to Mobile 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            
	
               Nationwide
      Long Distance 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            
	
               Anytime
      Minutes Overage 

            	
               $0.45/minute 

            	
               $0.45/minute 

            	
               $0.45/minute 

            	
               $0.45/minute 

            
	
               Shared
      Minutes 

            	
               Not
      Available 

            	
               Not
      Available 

            	
               Not
      Available 

            	
               Not
      Available 

            
	
               Domestic
      Voice Roaming 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            
	
               Domestic
      Voice Roaming Long Distance 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            
	
               Caller
      ID and Voicemail 

            	
               Included 

            	
               Included 

            	
               Included 

            	
               Included 

            

    

    

     3.3           Sprint
PCS Connection Card Plans 

    
      	
               MRC 

            	
               $39.99 

            	
               $79.99 

            
	
               Data
      Services in Megabytes ("MB") 

            	
               40MB 

            	
               Unlimited 

            
	
               Overage
      per kilobyte 

            	
               $0.001/KB 

            	
               Not
      Applicable 

            
	
               Monthly
      Maximum Charge (KBs of usage become unlimited after the maximum during the
      monthly usage period) 

            	
               $99.99 

            	
               Not
      Applicable 

            
	
               Voice
      Calls, including long distance (if card is capable) 

            	
               $0.20/minute 

            	
               $0.20/minute 

            

    

    

    
      	
               Note
      1 - 

            	
               All
      pricing and available MBs are the same whether Corporate-Liable Active
      Units use the wireless high speed data network or the Sprint PCS Vision
      1xRTT network. Wireless high speed data coverage is not available
      everywhere and requires a wireless high speed data-compatible connection
      card. Where the wireless high speed data network is available and a
      wireless high speed data-compatible connection card is used,
      Corporate-Liable Active Units will first attempt to connect to the
      wireless high speed data network, then default to the Sprint PCS Vision 1
      xRTT network depending on coverage and network
      availability. 

            

    

    
      	
               4. 

            	
               HANDSET ACTIVATION
      DISCOUNTS. New activations are eligible for the national device
      discount and upgrade policies. Certain wireless devices may qualify for an
      additional instant discount upon activation. For details on the eligible
      wireless devices, contact your Sprint Account
      Representative. 

            

    

    
      	
               5. 

            	
               WIRELESS MINIMUM SERVICE TERM
      REQUIREMENT. Wireless Services require a minimum service term
      ("Minimum Service Term") that begins on the wireless device purchase date
      and ends twenty four (24) months later. Service terminations before the
      end of the Minimum Service Term are subject to a $200 early termination
      fee per terminated Corporate-Liable Active Unit in addition to any other
      service charges that apply to the terminated unit. Corporate-Liable Active
      Units activated under superseded agreements will remain subject to the
      early termination fee until expiration of the original Minimum Service
      Term. 

            

    

    
      	
               6. 

            	
               ACTIVATION FEES. A
      nonrefundable activation fee of $36 will apply to each activated Customer
      account. Activation fees for Individual-Liable Active Units are governed
      by Sprint's consumer subscriber
agreement. 

            

    

     

     

     

    
      
         

      

      
         3 

        
          

        

      

      
         

      

    

     

     SPRINT
PCS ADVANTAGE AGREEMENT FOR BUSINESS 

    

     7.  ELECTRONIC
BILLING PRODUCTS 

     

    
      	
                
      

            	
               7.1 

            	
               The
      following electronic billing products are offered if Customer maintains at
      least 5 Corporate-Liable Active Units throughout the Term of the
      Agreement.  Customer must comply with the Electronic Invoice
      Reporting and Analytics Product Annex, which is incorporated into this
      Agreement as posted to www.sprint.com/ratesandconditions
      as of the date Customer signs the Agreement.  Each electronic
      billing product provides Corporate-Liable Active Unit call detail record
      (“CDR”) information.  The MRCs are as follows: 

               

            

    

    
      	
               ELECTRONIC
      BILLING PRODUCTS 

            	
               Invoice 

               Date 

            	
               Summary 

               Date 

            	
                      MRC 

            	
               One-time 

               Set-up
      Fee 

            
	
               eBilling
      & Analysis 

            	
               3
      months 

            	
               12
      months 

            	
               $35 

            	
               $200 

            
	
               Electronic
      Bill Transfer (EBT) 

            	
               2
      months 

            	
               Not
      Applicable 

            	
               Not
      Applicable 

            	
               Not
      Applicable 

            
	
               Electronic
      Data Interchange (EDI) 

            	
               1
      month 

            	
               Not
      Applicable 

            	
               Not
      Applicable 

            	
               Not
      Applicable 

            

    

    
      	
               7.2   

            	
               Customer
      may choose 1 electronic billing product, or eBilling & analysis and
      either EDI or EBT.  Customer may not choose the EDI and EBT
      products together.  Spring reserves the right to, upon 30 days
      prior written notice, migrate Customer to an updated or successor version
      of the selected electronic billing product, or if none exists, an entirely
      new electronic billing product. 

               

            

    

    
      	
               7.3   

            	
               Customer
      may choose to receive a summary invoice (without CDR information) or a
      remittance invoice at no additional charge.  If Customer chooses
      to receive a detailed paper invoice along with an electronic billing
      product, the following MRCs will apply. 

               

            

    

    
      	
               CORPORATE-LIABLE
      ACTIVE UNITS 

            	
               MRC 

            
	
               5-500 

            	
               $100 

            
	
               500+ 

            	
               $250 

            

    

     

     

    
   

    
      
         

      

      
         4 

        
          

        

      

      
         

      

    

     

     SPRINT
PCS ADVANTAGE AGREEMENT FOR BUSINESS 

     

     q New
Agreement 

     q Renewal
Agreement 

    

    
      	
               CUSTOMER
      ACCOUNT
      INFORMATION                    ROOT
      ACCOUNT NUMBER: 

            
	
               Customer's
      Legal Name 

               Vemics,
      Inc. 

            	
               Federal
      Tax Identification Number: 13-4182867 

            
	
               Street
      Address (P.O. Box not acceptable) 

               523
      Avalon Gardens Drive 

            
	
               City 

               Nanuet 

            	
               State 

               New
      York 

            	
               Zip 

               10954 

            	
               Business
      Phone 

               845-371-7380 

            	
               Email
      Address 

               Fzolla@vemics.com 

            
	
               Primary
      Contact 

               Fred
      Zolla 

            	
               Primary
      Contact Employment Title 

               CEO 

            
	
               City 

               Nanuet 

            	
               State 

               NY 

            	
               Zip 

               10954 

            	
               Business
      Phone 

               845-371-7380 

            	
               Email
      Address 

               Fzolla@vemics.com 

            
	
               Business
      Type (check one) 

               qCorporation                                q
      Partnership                                q Limited Liability
      Company/Partnershipq Sole
      Proprietor 

            

    

    

     1.
TERM AND SERVICE INFORMATION 

     1.1 Term (check one): q 12 months q 24 months q 27 months (including a
three (3) -month Ramp Up Period) (defined a the "Term"). If no Term is checked,
the Term is 27 months. This Agreement will be effective on the Effective Date as
defines in the Standard Terms and Conditions. 

    

     1.2 Active Unit Commitment
Level: q 1-4
Active Units q 5-24
Active Units 114 25+ Active Units. If no Active Unit Commitment Level is
checked, the Active Unit Commitment Level is 5 Corporate-Liable Active Units.
The Active Unit Commitment Level must include at least 5 Corporate-Liable Active
Units. 

    

     1.3 Is this an Affiliate
Market? q
Yes q No If yes,
name of Affiliate Market 

    

     1.4 Agreement. This Sprint PCS
Advantage Agreement and any addenda, including the attached Sprint PCS Service
Plan Addendum (collectively the "Agreement"), establish the terms and conditions
governing Sprint's provision of the Sprint PCS Services over the Nationwide
Sprint PCS40 Network. Sprint Spectrum L.P. provides the Sprint PCS Products and
Service listed in this Agreement. This Agreement and any information concerning
its pricing, terms, and conditions are Sprint: proprietary information and are
governed by the Sprint Standard Terms and Conditions for Communication Services
("Standard Terms and Conditions"). Sprint PCS Services are subject to the
Standard Terms and Conditions, the Wireless Services Product Annex ("Product
Terms and Conditions"), and, if applicable, any other wireless product or
service-specific terms am conditions, all of which are incorporated into this
Agreement as posted at www.sprint.com/ratesandconditions as of the date Customer
signs this Agreement. All terms and conditions in this Agreement only refer to
Active Units, Sprint PCS Services and Sprint PCS Products operating on the
Nationwide Sprint PCS Network, unless otherwise specified. Customers purchasing
1-4 Active Units will not have access to the pricing in this Agreement beyond
the Term. 

    

     1.5 Number Transfers. To the
extent Customer wishes to port its current landline or wireless telephone,
Customer gives wizen to Sprint to proceed with the number portability request by
signing this Agreement. 

    

     2.  CUSTOMER
ACKNOWLEDGMENTS 

     To become effective, this Agreement
must be: (a) signed by an authorized Customer representative; and (b) signed by
a Sprint officer or authorized designee. If Customer continues to receive Sprint
PCS Services after expiration or termination of this Agreement, Sprint may
provide the Sprint PCS Services on a month-to-month basis subject to the terms.
conditions and pricing it this Agreement or at standard list pricing subject to
the then-current Standard Terms and Conditions and Product Terms am
Conditions, unless either party provides 30 days advance written notice to
terminate. 

    

     Authorized
Customer Signature: /s/ Fred Zolla                                                 
Title:
CEO                      Date:
5/10/07 

     For
Sprint Solutions, Inc. Signature: /s/
Don
Kanarr                                         Title:                
              Date: 

     

    
   

    
      
         

      

      
         5 

        
          

        

      

      
         

      

    

     

    
      	
               SPRINT
      REPRESENTATIVE USE ONLY 

            
	
               Sprint
      Representative Name 

               Don
      Kanarr 

            	
               Rep
      Phone Number 

               201-891-5667 

            	
               P2K
      Market Code 

            	
               ASI
      Market Code 

            
	
               Sprint
      Retail Store Number (if applicable) 

            	
               Pre-sale
      Credit Check Number 

            	
               Corporate
      Liable Node Number 

            	
               Employee
      Liable Node Number 

            
	
               Notes: 

               Sprint Partner
      Program:   Use appropriate submission forms, contact your
      Indirect Channel Manager with questions 

               Third Party
      Nationals:  Use appropriate submission forms, contact
      your Indirect Channel Manager with
  questions. 

            

    

    

    
   

     

     

     

     

    
      
         

      

      
         6ex10-18.htm

     Exhibit
10.18 

     

     Agreement
Between 

     

     Thomas
Jefferson University 

     

     And 

     

     Vemics, Inc. 

    

    

     This Agreement entered into this
25th
day of May, 2007 by and between Thomas Jefferson University (“University”), a
Pennsylvania non-profit corporation including its Department of Health Policy,
whose address is 1015 Walnut Street, Suite 115 Curtis Building, Philadelphia, PA
19107 and VEMICS, Inc. (“Vemics”), a Nevada corporation whose address is 523
Avalon-Gardens Drive, Nanuet, NY 10954. 

    

     In consideration for the mutual
promises, terms, covenants and conditions set forth herein, and the other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by the parties, the parties intended to be legally bound hereby,
agree as follows: 

    

     1.           Responsibilities
of Parties: 

    

     1.1           University
shall: 

    

    
      	
                
      

            	
               a. 

            	
               Identify
      a University representative, Alexis Skoufalos, Ed.D., Program Director,
      Education, who shall be the main contact with VEMICS for purposes of this
      Agreement and who will be able to, subject to final written approval by
      Vemics and the University through the Chairman of the Department of Health
      Policy, determine the suitability of potential educational projects
      proposed by VEMICS and/or
University. 

            

    

    
      	
                
      

            	
               b. 

            	
               Develop
      curricula for projects negotiated and agreed upon in writing between
      representatives of VEMICS and University, through its Chairman of the
      Department of Health Policy.  Each such project must be mutually
      agreed upon in writing and will become an Appendix B (B-1, B-2 inc.) to
      this Agreement. 

            

    

    
      	
                
      

            	
               c. 

            	
               Provide,
      if applicable, all materials for educational
  programs. 

            

    

    
      	
                
      

            	
               d. 

            	
               Be
      solely responsible for the hiring, supervision, and evaluation of
      instructors for all projects. 

            

    

    

     1.2           Vemics
shall: 

    

    
      	
                
      

            	
               a. 

            	
               Provide
      Vemics Live Access hosted service solution as a platform (defined in
      Appendix A) for products to be offered by
  University. 

            

    

    
      	
                
      

            	
               b. 

            	
               Be
      responsible for marketing programs to potential participants with prior
      written approval of University of all marketing programs
      materials. 

            

    

    
      	
                
      

            	
               c. 

            	
               Provide
      the required number of virtual models as needed by
      University. 

            

    

    
      	
                
      

            	
               d. 

            	
               Provide
      technical support to the University, its instructors and/or its students
      and, if necessary, online training to the University, its instructors
      and/or its students. 

            

    

    
      	
                
      

            	
               e. 

            	
               Provide
      full Help Desk and Customer Service Support (M-F, 8 am to 3 pm
      EST). 

            

    

    
      	
                
      

            	
               f. 

            	
               Provide
      unlimited free download rights to Vemics LiveAccess client software with
      availability 24/7. 

            

    

    
      	
                
      

            	
               g. 

            	
               Offer
      at no additional cost any software upgrades that are or become
      available; 

            

    

    
      	
                
      

            	
               h. 

            	
               Provide
      total support for the Vemics LiveAccess Total Managed Event
      Service 

            

    

    
      	
                
      

            	
               i. 

            	
               Make
      available dedicated servers for University programs, seminars, and
      courses 

            

    

    
      	
                
      

            	
               j. 

            	
               Customize
      and brand Vemics interface used in University programs with University
      look and feel with written approval from University prior to
      use. 

            

    

    
      	
                
      

            	
               k. 

            	
               Identify
      a Vemics representative who shall be the main contact to the University
      for the purpose of this
Agreement. 

            

    

    

     2.           Financial
Terms: 

    

     All financial terms shall be
included in the written addendum for each project. 

    

    
      
         

      

      
         1 

        
          

        

      

      
         

      

    

     

     3.           Indemnification: 

    

     Each party (the “Indemnifying
Party”) to this Agreement agrees to indemnity, defend and hold harmless the
other party, including its trustees, officers, agents, servants and employees
against liability for all claims, demands, damages, actions, or causes of action
of whatever type or nature (including costs and expenses incurred) arising out
of a breach of this Agreement by the Indemnifying Party, or the gross negligence
or willful misconduct of the Indemnifying Party in connection with or related to
this Agreement. 

    

     Vemics shall indemnify, defend and
hold harmless University, and its trustees, officers, employees and students
from and against any claims, liabilities, costs including attorneys’ fees
arising from 1) any claim for infringement of any intellectual property rights
or trade secrets to the extent that such infringement is caused by Vemics’
content or products, brought against University, its trustees, officers,
employees or students and/or 2) any claim brought by any employee, subcontractor
or agent of Vemics against University, its trustees, officers, employees or
students. 

    

     University shall indemnify, defend
and hold harmless Vemics and its directors, officers, employees and students
from and against any claims, liabilities, costs including attorneys’ fees
arising from 1) any claim for infringement of any intellectual property rights
or trade secrets brought against Vemics, its directors, officers, employees or
students only to the extent that each infringement is caused solely for products
developed by University, and/or 2) any claim brought by any employee,
subcontractor or agent of University, against Vemics, its directors, officers,
employees or students based on a claim for infringement of intellectual property
rights or trade secrets by University’s content for products developed by the
University. 

    

     4.           Use
of Name: 

    

     Vemics shall not use the
University’s name or logo in any manner whatsoever unless and until the office
staff have reviewed and approved by the University, as communicated in writing
to Vemics by the Chairman of the Department of Health Policy of University or
his designee. 

    

     University shall not use the Vemics
name or logo in any manner whatsoever unless and until the same shall have first
been submitted and approved in writing by the CEO of Vemics or his
designee. 

    

     5.           Assignment: 

    

     Neither party will assign this
Agreement will assign this Agreement or any of its rights or obligations
thereunder without the prior written consent of the other party.  This
Agreement will be binding upon, enforceable by, and inure to the benefit of the
parties and their respective successors and permitted
assignees. 

    

     6.           Confidentiality: 

    

     Each party agrees that during the
term of this Agreement and for two (2) years thereafter, it shall not disclose
to any third party the terms or conditions of this Agreement or any Confidential
Information of the other party, except as expressly authorized
herein.  The term “Confidential Information” shall mean all non-public
information that either disclosing party designates as being confidential, or
which, under the circumstances of disclosure the receiving
party  knows  should be treated as
confidential.  “Confidential Information” shall not include
information that was known to the receiving party prior to the disclosing
party’s disclosure to the receiving party or information that becomes
publicly  available through no fault of the receiving
party. 

    

     7.           Representations
and Warranties: 

    

     Each party represents and warrants
that 

    
      	
                
      

            	
               a. 

            	
               It
      has the power and authority to enter into this Agreement and is permitted
      by applicable law and regulations to enter into this
      Agreement. 

            

    

    
      	
                
      

            	
               b. 

            	
               It
      will comply with all applicable laws in the performance of its obligations
      under this Agreement. 

            

    

    
      	
                
      

            	
               c. 

            	
               It
      is not subject to any other agreement that would conflict with its ability
      to perform its obligations under this
  Agreement; 

            

    

    
      	
                
      

            	
               d. 

            	
               It
      has all right, title and interest in or is duly licensed to use all of its
      technology, know-how and software used to develop the course(s) and with
      respect to Vemics, including the Vemics LiveAccess system, utilized under
      this Agreement. 

            

    

    

     8.           Insurance 

    

     Each party agrees to maintain,
during the term of this Agreement, general liability insurance with limits no
less than one million dollars ($1,000,000) each occurrence and two million
dollars ($2,000,000) in the aggregate as well as worker’s compensation insurance
in amounts as required by agreement.  Each party shall furnish a
certificate of insurance evidencing the foregoing insurance to the other party
within ten (10) days of a request for such certificates. 

    

    
      
         

      

      
         2 

        
          

        

      

      
         

      

    

     

     9.           Independent
Contractors 

    

     The parties expressly intend that
both shall be deemed independent contractors under this Agreement, that they
have no relationship other than the one created by this Agreement, and that the
parties shall not receive any benefits other than those expressly provided
herein.  The parties further agree that no agent, servant, contractor
or employee of one party shall be deemed to be an agent, servant contractor, or
employee of the other party. 

    

     10.           General
Procedures and Terms: 

     

    
       10.1                  
This Agreement shall be in effect for three (3) years commencing on the
Effective Date and ending three years from that date.  The Agreement
may be terminated by either party, with or without cause, effective upon ninety
(90) days written notice to the other party with the following
conditions: 

    

    

    
      	
                
      

            	
               a. 

            	
               Unless
      otherwise requested by University, any student currently enrolled at the
      time must be allowed to complete the certificate program in which they are
      registered; 

            

    

    
      	
                
      

            	
               b. 

            	
               Any
      student who enrolls during the 90 day may register providing the
      certificate program in which enrolling will occur within 90 days following
      the end date of the 90 day notice
period. 

            

    

     

     10.2                    Force
Majeure; each party will be excused from delay or failure in performance due by
caused by reason of any occurrence or contingency beyond its reasonable control
including without limitation, acts of God, earthquake, labor disputes and
strikes, riots, war, novelty of product manufacture or other unanticipated
product development problems, disruptions of Internet service, and governmental
requirements quakes, provided, however, that the other party must be promptly
notified of such delay and may, at its option, terminate the Agreement pursuant
to Section 1 above. 

     

     10.3                    Breach
or Default;  A party may terminate this Agreement upon thirty days
written notice to the party in default or breach of this Agreement provided that
the breaching defaulting party has not cured the default or breach within thirty
(30) days from receipt of the notice. 

     

     10.4                    Notices:  Any
notices given under this Agreement shall be delivered via certified or
registered mail, or by next day delivery service, postage prepaid and return
receipt requested and shall be deemed to have been given on the day when
received by the party to whom the notice is given.  Notices shall be
given at the following addresses, unless subsequently changed by notice
hereunder: 

    

     If to
Vemics:                          Fred
Zolla, CEO 

     523 Avalon Gardens
Drive 

     Nanuet, NY 10954 

    

     If to
University:                    David
Glover 

     1015 Walnut Street 

     Suite 115 Curtis
Building 

     Philadelphia, PA
19107 

     

     

    
      
         

      

      
         3 

        
          

        

      

      
         

      

    

     

     11.           Entire
Agreement: 

    

     This Agreement contains the entire
agreement between the parties with respect to the subject matter
hereof. 

    

     12.           Waiver: 

    

     No waiver or modification of any of
the provisions of this Agreement shall be valid unless set forth in writing and
signed by authorized representatives of each party. 

    

     13.           Governing
Law: 

    

     This Agreement shall be construed in
accordance with the laws of the Commonwealth of Pennsylvania and venue for any
action arising from this Agreement shall be in the state of Federal courts
located in Philadelphia, Pennsylvania. 

    

    

     In
Witness Whereof, Vemics and University agree to the terms and conditions set
forth in this Agreement. 

    

     VEMICS                                                                                  
   Thomas Jefferson University 

    

     BY:/s/                                                                                          
BY /s/                                      
 

    

     Fred
Zolla                                                                                    David
Nash 

     CEO,
Vemics,
Inc.                                                                     
 Chair Health Policy 

    

    

     Date:5/05/07                                                                               
Date: 6/1/07                               

     

    
   

    
      
         

      

      
         4 

        
          

        

      

      
         

      

    

     

     Appendix
A 

    

    

     Vemics
LiveAccessTM is a fully managed and hosted service of Vemics that delivers
next-generation video, wideband radio and a full suite of web-collaboration
tools in a single browser window accessible from PCs, _____ or laptops, enabling
organizations and individuals to work and learn “virtually” as if everyone were
in the same room. 

    

     Vemics,
using the public internet, will provide a cost effective Vemics LiveAccess
hosted total service solution for various ________ learning applications and
assistance with marketing, enrollment and administrative __________ that ______
all the dynamics present in a live, face-to-face classroom
including 

    

    
      	
               ·   

            	
               Vemics
      LiveAccess Solution (capability for up to 90 live, fully interactive
      sites) 

            

    

    
      	
               ·   

            	
               Up
      to 9 real-time, full motion videos (broadcast quality up to 30 frames per
      second) 

            

    

    
      	
               ·   

            	
               Wide
      band voice over internet (VOIF)
audio 

            

    

    
      	
               ·   

            	
               Full
      suite of collaboration tools 

            

    

    
      	   	   
	
               o   

            	
               Pre_____
      a document 

            

    

    
      	
               o   

            	
               Tear
      the _____ 

            

    

    
      	
               o   

            	
               Video
      ___________ ____ 

            

    

    
      	
               o   

            	
               Live
      application share (windows based software or
  internet) 

            

    

    
      	
               o   

            	
               Electronic
      whiteboard 

            

    

    
      	
               o   

            	
               Invite
      IP based video conference
_____________ 

            

    

    
      	
               o   

            	
               Use
      of multimedia 

            

    

    

    
      	
               ·   

            	
               Provide
      a cost-effective live, fully interactive online meeting service that
      ______ all the dynamics present in a face-to-face meeting for up to 90 end
      points without having office, home, ____________, _____
      etc. 

            

    

    
      	
               ·   

            	
               No
      proprietary equipment or additional bridging service required to buy or
      main high quality video and VOIF audio, ____ with a full _________
      collaboration tools. 

            

    

    
      	
               ·   

            	
               One-way
      streaming of the _____/video/______ to an unlimited number of sites with
      internet access.  Individuals can use any standard broadband
      connection to the internet. 

            

    

    
      	
               ·   

            	
               ____
      Record and provide web ____ to view the ______ version of the meeting or
      class which can be made available for scheduled or unscheduled amounts of
      time. 

            

    

    
      	
               ·   

            	
               Fully
      managed event service that can include live site set-up, email invitations
      with audio/video postcards, ___________training, ________ and event
      marketing email ________ and help
desk. 

            

    

    

    

    
      
         

      

      
         5

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