Document:

ex 10.13 License Agreement with Nigeria

                                                                                                                          
    

    

     

    

Intelligent
      Business
      Systems Group, Inc.

    

    Digital
      Commerce Platform for the Development of Emerging Businesses In
      Nigeria

    

    

    

    

    

    June
      2004

    

    

    

    

    

    

    

    

    

    Disclosure
      of Propietary IBSG Data Notice
This document includes data that shall not be
      disclosed outside the CAC, and it shall not be duplicated, used, or

disclosed - in whole or in part - for any purpose other than use withen
      the
      CAC organization.  This restriction does not
limit the CAC's right to
      use information contained in this data if it is obtained from another source
      without
restriction.  The data subject to this restriction are contained
      in all pages.

    -1-

    

    

    

     

    Table
      of Contents

    

      

       

      
        	
                1

                 

              	
                Executive
                  Summary & License Description 

                 

              	
                3

                 

              
	
                2

                 

              	
                Purpose      

                 

              	
                4

                 

              
	
                3

                 

              	
                Scope      

                 

              	
                4 

                 

              
	
                4

                 

              	
                Objectives      

                 

              	
                5

                 

              
	
                5

                 

              	
                System
                  summary     

                 

              	
                5

                 

              
	
                6

                 

              	
                Technical
                  Approach    

                 

              	
                                           
                  5-6 

                 

              
	
                7

                 

              	
                Statement
                  of Work     

                 

              	
                6

                 

              
	
                8 

                 

              	
                Deliverables     

                 

              	
                                               
                  8

              
	
                9

                 

              	
                Place
                  of Performance    

                 

              	
                9

                 

              
	
                10
                  

                 

              	
                Cost
                  Schedule & Fee Description  

                 

              	
                9

                 

              
	
                11

                 

              	
                Related
                  Terms & Conditions   

                 

              	
                9

                 

              
	
                12

                 

              	
                Signature
                  of Parties    

                 

              	
                19

                 

              
	
                13 

                 

              	
                Attachment
                  A 

                 

              	
                 

              
	
                 

              	
                    NetPool
                  Description   

                 

              	
                               
                  20

                 

              
	
                14 

                 

              	
                Attachment
                  A-1

                 

              	
                 

              
	
                 

              	
                    NetPool
                  Installation Schedule  

                 

              	
                                23

                 

              
	
                 

              	
                    Software/Hardware
                  Requirements

                 

              	
                 

              
	
                15 

                 

              	
                Services
                  & Payment Schedule B   

                 

              	
                               
                  27

              
	
                16 

                 

              	
                Notes
                  & Provisions     

                 

              	
                               
                  29

                 

              
	
                17 

                 

              	
                Attachment
                  C      

                 

              	
                               
                  37

                 

              
	
                 

              	
                    Sample
                  of Roll Out Plan   

                 

              	 

      

      

       
 

    

    -2-

    

    

    

    Executive
      Summary

    

    

    In
      exchange for payments to be made through the revenue generated by the Corporate
      Affairs Commission (the CAC) hereunder, Intelligent Business Systems Group,
      Inc.
      (IBSG) agrees to establish a project and convey a non-exclusive,
      non-transferable Master license (the “LICENSE”) to the CAC to use and operate
      the NetPool
      Data System.’
      (the
      SYSTEM) as
      the
      digital management and commerce platform for the CAC. Primary functions will
      include:

    

      ·  CAC
        Service tracking and performance reporting

      ·  CAC
        On-line Budget Management, budget performance and reporting

      ·  Business
        to business, 

          ·  Bid
        management (RFP), 

          ·  Government
        to business Procurement. 

          ·  consumer
        to business e-commerce,

    Additional
      IBSG responsibilities will include full testing of the delivered SYSTEM, 24X7
      technical and maintenance support and train the trainer on SYSTEM use. Other
      services include marketing assistance (i.e. co-presenting, general marketing),
      SYSTEM hosting (optional), end user training and office set up. 

     

    1.0
      License

    The
      term
“Non-exclusive” refers to that fact that IBSG in no way conveys to the
CAC
      all
      rights to sell licenses of the SYSTEM and that the LICENSE is exclusive to
      the
CAC
      solely
      within the geographic area or market defined as the “Territory or Market” The
      CAC shall have an exclusive LICENSE to sell system licenses within the
      boundaries of Nigeria (territory). IBSG agrees that during the term of this
      Agreement it will not grant to any other parties a license permitting the
      granting of Sublicenses in the market territory as described above in the
      Nigeria region. This LICENSE shall be a site-based license for the master site,
      for unlimited use by the CAC’s employees and consultants (if applicable)
      inclusive of all CAC satellite offices. This license DOES NOT prevent IBSG
      from
      pursuing the other government entities in neighboring African nations.

     

    -3-

    

    
      	a.  	
              The
                SYSTEM shall be installed in a host server of the CAC unless IBSG
                agrees
                to provide database-hosting services. A CAC business customer of
                the CAC
                shall be defined as an individual user included in the CAC’S SYSTEM
                database as well as any holders of a SUBLICENSE (i.e. business
                association, government municipality, Fortune 1000
                corporation).

            

    

    
      	b.  	
              The
                CAC may not be installed and/or use the SYSTEM at additional host
                sites
                without written authorization from IBSG except as specified above.
                

            

    

    
      	c.  	
              The
                CAC will pay to IBSG those fees set forth in Attachment B hereto
                at the
                times set forth therein for each SUBLICENSE granted by the CAC. Each
                SUBLICENSE shall be subject to the same terms and conditions as contained
                in this Agreement for the LICENSE with the exception of territorial
                exclusivity or re-sale. No SUBLICENSE may be granted by a SUBLICENSEE.
                IBSG shall provide the form of SUBLICENSE that may be granted by
                CAC, and
                any modification to that form must be approved by IBSG in its sole
                discretion.

            

    

    
      	d.  	
              Nothing
                herein shall be construed as granting to the CAC a right to grant
                to
                others a Master License outside of the market region with out the
                expressed written consent of IBSG.

            

    

    
      	e.  	
              Except
                as specifically set forth herein, neither the CAC nor a SUBLICENSEE
                may
                duplicate, transfer, sell or give the SYSTEM in part or whole to
                anyone or
                any entity without the express written consent of
                IBSG.

            

    

     

    2.0
      Purpose

    This
      contract is provided to describe the management, administrative, and technical
      support for the implementation of the System that will provide a comprehensive
      digital management and commerce platform for the CAC. 

    

    3.0 Scope.

    

    The
      scopes of this work effort is specific to the implementation and roll out of
      the
      System inclusive of all marketing and is not intended to describe any other
      work
      effort unless stipulated in writing and agreed to by all parties in writing.
      The
      role out is completed in tandem with representatives as appointed by the CAC
      director and appropriate IBSG staff appointed by IBSG management to implement
      the digital management and commerce platform for the CAC and support the CAC
      in
      the role out process. 

    

    -4-

    
 

    4.0
      Objectives.

    

    
      	·  	
              Implement
                the System.
                The primary objective of this contract is System integration, testing,
                evaluation, accreditation, and acceptance to facilitate operational
                use
                into the CAC project as a fully functioning digital management and
                commerce center. The SYSTEM would digitally enable CAC management/staff
                to
                utilize a range of related functions (see attachment A); businesses
                served
                by the CAC to conduct commerce; and expand the CAC service outreach
                into
                the regions business sector through related entities such as business
                associations serving businesses and large corporations or government
                municipalities seeking qualified small-mid size businesses.
                

            

    

    
      	·  	
              Integration
                of the SYSTEM in the CAC Region.
                Public awareness and marketing of the SYSTEM will be integrated into
                the
                current public outreach programs of the CAC as a value added service
                to
                the small-mid size and emerging business sector. Inter CAC program
                awareness will be implemented to existing staff and consultants (if
                applicable) of the CAC to enhance internal staff support and enthusiasm
                (see attachment C; Marketing plan).

            

    

    

    5.0
      Summary of SYSTEM

    

    The
      SYSTEM is built on a dynamic
      platform,
      which provides current market information. The SYSTEM has over 7,500 functions
      and 800 viewable active server pages. The SYSTEM has internal data policing
      and
      archive analysis capabilities; an internal e-mail system; sophisticated
      security; full ad hoc reporting capabilities; complete business support
      services; is pending to be interactive video ready and; has multiple on-line
      billing features. Attachment A lists the core features of each section of the
      SYSTEM. The complete functionality of the SYSTEM will be reviewed in detail
      during each phase's training. 

     

    6.0
      Technical Approach

    
      	6.1  	
              IBSG
                will implement a proven methodology for system implementation and
                integration conforming to standard industry practices. IBSG will
                apply the
                following technical approach.

            

    

    

    
      	·  	
              Environment
                testing of Host server.

            

    

    
      	·  	
              System
                testing that conforms to established protocols for final SYSTEM
                acceptance.

            

    

    
      	·  	
              System
                engineering and integration
                services

            

    

    
      	·  	
              Maintenance
                and control of the core CAC NetPool Data System.’

            

    

    
      	·  	
              User
                training materials.

            

    

     

    -5-

    If
      the
      CAC requests any modifications to the SYSTEM, IBSG will apply;

    

    
      	·  	
              Configuration
                control of software changes and changes of connectivity to the existing
                database architecture.

            

    

    
      	·  	
              User
                training materials that reflect the
                changes.

            

    

    
      	·  	
              Management
                of a configuration control board including the
                following:

            

    

    

    
      	1.  	
              Identification
                of feasible solutions to proposed system
                changes.

            

    

    
      	2.  	
              Determining
                schedule and cost impact

            

    

    
      	3.  	
              Facilitate
                CAC approval of design and/or functionality changes that are
                recommended.

            

    

    

    All
      IBSG
      configuration management processes will conform to industry
      standards.

     

    7.0
      Statement of Work

     

    This
      statement of work (SOW) addresses the installation, testing and integration
      of
      the SYSTEM.

     

    Task
      1   System
      Installation.

    

     

    
      	7.1  	
              IBSG
                Will install system on CAC servers or designate servers to host the
                CAC
                system

            

    

    
      	7.2  	
              IBSG
                Will test the installation based on preset testing
                guidelines

            

    

     

    Task
      2 Administrative
      Support

    

    
      	2.1  	
              Document
                review. IBSG will review all documents associated with the work effort
                for
                technical completeness, accuracy, format, and
                content.

            

    

    
      
        	2.2  	
                IBSG
                  will ensure personnel competent in the subject area of the document
                  perform all administrative support
                  actions.

              

      

-6-

    
      	2.3  	
              The
                document of the following type fall within the scope of the
                SOW.

            

    

     

    
      	·  	
              Change
                Requests

            

    

    
      	·  	
              Testing
                Plans

            

    

    
      	·  	
              Management
                Engineering Plans

            

    

    
      	·  	
              Configuration
                Management Plans

            

    

    
      	·  	
              Installation
                and Integration Plans.

            

    

    
      	·  	
              Contract
                Requirements lists

            

    

    
      	·  	
              Statements
                of work

            

    

    
      	·  	
              Software
                documentation

            

    

    
      	·  	
              Administrative
                Documents

            

    

    

    

    Task
      3  Staff
      Awareness and Training.

    

    
      	3.1  	
              IBSG
                will provide the necessary personnel and material to train CAC training
                personnel on the use and operation of the
                SYSTEM.

            

    

    
      	 	
                      
                3.2

            	
              IBSG
                will work with personnel of the CAC to provide awareness and outreach
                information to staff and consultants (if applicable) on the purpose,
                benefits (where applicable), and goals for expanding CAC services
                through
                the SYSTEM inclusive of all satellite
                offices.

            

    

    

    Task
      4  Public
      Awareness and Marketing to the Business Sector.

    

    
      	4.1  	
              IBSG
                and CAC will act as marketing partners in providing public outreach
                to the
                CAC Regions business sector targeting entities identified by the
                CAC and
                IBSG as potential sublicenses.

            

    

    
      	4.2  	
              IBSG
                will provide a general 90 day roll out plan (45 day pre role out,
                45 day
                post role out).

            

    

     

    -7-

    Task
      5 Lifecycle
      Support

                           
      
      
        	5.1 	
                Lifecycle
                  Support. IBSG
                  will provide system-wide maintenance and support in accordance
                  with a
                  NetPool Data System’
                  Service and Use
                  Agreement.

              

      

    

    
      	5.1.1  	
              IBSG
                will participate in project reviews and make independent analyses
                of
                technical performance and progress when requested by the CAC Program
                Manager.

            

    

    
      
        	5.1.2  	
                IBSG
                  will provide 24X7 maintenance supports for SYSTEM
                  users.

              

      

      

        
          	5.2  	
                  Plans
                    and Analysis IBSG
                    will develop plans, provide analysis, and prepare cost estimates
                    including
                    all supporting data to execute this technical
                    contract.

                

        

    

    
      
        	5.3 	
                Testing
                  and Evaluations IBSG
                  will provide test plans and test the system periodically. IBSG
                  will
                  analyze test results and performance in addition to correcting
                  any identified
                  deficiencies.

              

      

    

     

    8.0
      Deliverables

     

    
      	8.1  	
              IBSG
                will provide the following deliverables in the performance of this
                statement of work. A specific delivery schedule will be agreed upon
                by
                both parties and can be found on attachment 1A:

            

    

    

    
      	
              Task
                Number

            	
              Title

            	
              Due
                Date

            
	
              1

            	
              Installation
                and testing plan

            	
              5
                days from CAC signing license agreement

            
	
              2

            	
              Description
                of initial operating system document

            	
              Upon
                final testing acceptance of the SYSTEM by CAC 

            
	
              3

            	
              Installation/deployment
                plan

            	
              5
                days from CAC signing license agreement

            
	
              4

            	
              IBSG
                certification that system is functioning as specified.

            	
              10
                days from final testing

            
	
              5

            	
              Training
                Plan (see notes following attachment b)

            	
              10
                days prior to scheduled training

            

    

    

    
      	8.2.1  	
              IBSG
                will deliver to the CAC Program Manager or the Program Manager’s
                representative items indicated in the table above, authenticated
                by an
                IBSG representative.

            

    

    

    
      	8.2.2  	
              IBSG
                will deliver the items indicated in the table above in either printed
                form, in an electronic medium compatible with personal computers
                and
                Microsoft XP Pro/Office 2000. 

            

    

     

    -8-

    9.0
      Place of Performance

    IBSG
      will
      perform the services within the scope of this SOW in Orlando, FL. 

     

    10.0
      Payment Schedule

     

    Fee
      Description.

    

    The
      CAC
      has the options of hosting the system themselves or having IBSG host the system
      (ASP model). The CAC, with direct assistance from IBSG, will attempt to sell
      sub
      license fees to other potential business partners (i.e. business associations,
      municipal governments) as well as charge businesses they serve or businesses
      of
      other organizations a monthly subscriber fee for the digital services offered
      through the system. The majority of these fees will be on a revenue sharing
      basis between CAC and IBSG. The fees schedule is reflected under attachment
      B.

    11.0
      Related terms and Conditions

    

    11.1. Price
      and Payment.

    

    
      	a.  	
              The
                CAC shall make payments to IBSG for the LICENSE and associated services
                pursuant to the Services and Payment Schedule set forth in Attachment
                B.
                The CAC certify that all funds have been allocated and sequestered
                from
                The US Grant for the Development of Commerce (the Grant) for the
                full term
                of this agreement. 

            

    

    
      	b.  	
              Failure
                to make payments as required herein and in Attachment B shall entitle
                IBSG
                to terminate the LICENSE, in addition to pursuing all other remedies
                that
                may be available to IBSG under this Agreement and applicable law.
                Additionally, IBSG reserves the right to report payment violations
                to the
                US federal government and that the CAC acknowledges that future access
                to
                the Grant may be interrupted until such time as all outstanding payments
                are made to IBSG as stipulated in the payment schedule (Attachment
                B).

            

    

    
      	c.  	
              Any
                payments made by CAC after a relevant due date will entitle IBSG
                to a late
                fee of 5% of the outstanding amount, compounded monthly. Late fees
                are due
                and payable upon demand by IBSG. 

            

    

    

    -9-

    
 

    11.2. System
      Software Ownership.

    

    IBSG
      represents that it has exclusive rights to license said SYSTEM, and that IBSG
      has the right to modify the same and to grant to the CAC a license for its
      use
      as described in this Agreement. CAC may modify or alter the SYSTEM in any
      material way. However, IBSG is not responsible for any changes made to the
      SYSTEM by the CAC or any CACs or SUBLICENSEES of the CAC. Once made, such
      changes will be considered to be at the CAC’S and/or SUBLICENSEE’S own risk. Any
      SYSTEM failure or malfunction as the result of such changes which requires
      IBSG
      staff to correct in order to restore functionality will be billed as
      customization work but will not require the development of a specification
      document by IBSG or the approval of the CAC and/or SUBLICENSEE, and any payment
      due for such customization work shall be made by CAC upon commencement of the
      customization work. Pricing will be in accordance with Attachment B. The CAC
      hereby acknowledges that any changes or modifications to the delivered version
      of the SYSTEM made by IBSG staff and/or by any other Party, including but not
      limited to the CAC or a SUBLICENSEE, shall be the exclusive property of, and
      solely owned by, IBSG International, the SYSTEM’S owner. 

    

    11.3. Term
      of License.

    

    
      	a.  	
              Unless
                sooner terminated in accordance with this Agreement, the LICENSE
                term
                shall be for five (5) years from the effective date of this Agreement.
                This Agreement shall be effective on the latest date that a party
                to this
                Agreement executes same. The five (5) year term will commence when
                the CAC
                first begins to charge fees to users of the SYSTEM. Additional extensions
                to the term of this Agreement may be negotiated between the parties
                (see
                Attachment B under “Notes and Provisions”).

            

    

    
      	b.  	
              Each
                SUBLICENSE granted by CAC in accordance herewith shall run concurrently
                with an active license between IBSG and the CAC unless otherwise
                agreed to
                by IBSG and the SUBLICENSEE in
                writing.

            

    

    
      	c.  	
              If
                IBSG and the CAC do not elect to extend the LICENSE beyond the initial
                period of five (5) years, then IBSG may, without the prior agreement
                of
                CAC, elect to convert a SUBLICENSE to a Master License or select
                a new
                regional Master licensee.

            

    

    -10-

     

        11.4. Additional
      Services; Cooperation of CAC.

    

    
      	a.  	
              IBSG
                agrees to perform the analysis, installation, training and maintenance
                services outlined in the attached under notes and provisions section
                of
                this agreement in order to install the SYSTEM for the CAC as described
                in
                Attachment A and to train staff (if applicable and agreed under separate
                terms from this agreement) of the CAC in order to utilize the SYSTEM.
                CAC
                acknowledges and agrees that IBSG shall have continuous REMOTE access
                to
                the SYSTEM at all times for purposes including, but not limited to,
                the
                monitoring of the SYSTEM and the performance as well as automated
                back up
                of the database or other work as IBSG deems necessary or
                appropriate.

            

    

    
      	b.  	
              Both
                IBSG and the CAC acknowledge that the CAC’s successful implementation of
                the SYSTEM pursuant to this Agreement shall require the full and
                mutual
                good faith cooperation of the parties hereto, and CAC agrees that
                it shall
                timely fulfill its responsibilities under this Agreement, including
                but
                not limited to those set forth in Attachments A and
                B.

            

    

    
    11.5. Termination.

    

    
      	a.  	
              It
                is expressly understood and agreed to that in the event that either
                IBSG
                or the CAC materially fails to fulfill any of its obligations under
                this
                Agreement and does not correct such failure within 30 days after
                receipt
                of written notice thereof from the other party, this Agreement may
                be
                terminated by the non-breaching party and, except as may be otherwise
                provided in this Agreement, all of IBSG’s and CAC future rights shall end
                except as otherwise provided herein or in the Attachments hereto.
                Termination shall be effective thirty (30) days following written
                notice
                to the defaulting party provided after the 30 day cure period has
                ended
                and no work will be undertaken after said notice is effective. Except
                as
                other wise provided in Attachment B or the Notes and Provisions thereto,
                in the event this Agreement is terminated by either party pursuant
                to this
                paragraph 6(a), IBSG shall be paid for services performed up to the
                date
                of the termination and for any fees due in
                arrears.

            

    

    
      	b.  	
              Notwithstanding
                any other provision in this Agreement, the CAC or IBSG may terminate
                this
                Agreement at any time if necessitated by law.

            

    

    
      	c.  	
              In
                the event that either party shall cease conducting business in the
                normal
                course, become insolvent, make a general assignment for the benefit
                of
                creditors, suffer or permit the appointment of a receiver for its
                business
                or assets or shall avail itself of, or become subject to, any preceding
                under the Federal Bankruptcy Act or any other statute of any state
                relating to insolvency or the protection of rights of creditors,
                then at
                option of the other party, this Agreement may be terminated with
                immediate
                effect.

            

    

    
      	d.  	
              Both
                parties acknowledge that funding for the contract is through the
                US Grant
                for development of commerce in designated regions including Nigeria.
                If at
                the end of the five year period, the Grant is not extended and the
                CAC can
                not fund the extension of the contract, termination will be granted
                by
                IBSG providing that all use of the CAC and it’s customers ceases. Further,
                all intellectual property and related material will be returned to
                IBSG
                within 30 days from the last day of the 5th
                year of the contract unless amended in writing by both
                parties.

            

    

    
-11-

     

         
      11.6. Effect
      of Termination.

    

    Upon
      termination of this Agreement, and except as otherwise specifically set forth
      herein, any amounts owing hereunder shall be paid in accordance with the terms
      of this Agreement, and all property of the each party, both tangible and
      intangible, shall forthwith be returned to such party. Specifically, the CAC
      shall immediately cease using the SYSTEM and shall prevent its own CAC’s from
      accessing the SYSTEM. Furthermore, any all SUBLICENSES shall terminate except
      as
      otherwise agreed to between IBSG and the SUBLICENSEE. 

    

    11.7. Independent
      Contractor

    

    IBSG
      shall be deemed at all times be deemed an independent contractor and shall
      be
      wholly responsible for the manner in which it performs the services required
      of
      it under the terms of this Agreement. Nothing contained herein shall be
      construed as creating an agency relationship or the relationship of employer
      and
      employee between the CAC and IBSG.

    

    11.8. Modification
      of Agreement.

    

    This
      Agreement may only be amended in writing with both parties’ consent.

    

    

    -12-

    

    11.9. Assignment.

    

    No
      party
      to this Agreement shall in any way contract on behalf of or in the name of
      the
      other party of this Agreement, and violations of this provision shall confer
      no
      rights on any party and shall be void. The CAC may not assign the Master license
      without written authorization from IBSG. Any unauthorized attempts of
      re-assignment of the license will constitute an immediate breach of the
      agreement and all outstanding payments due to IBSG will be due at the time
      of
      the breach. Nothing herein shall prohibit a successor entity to IBSG from
      performing the obligations of IBSG under this Agreement; further, and IBSG
      may
      assign payments earned hereunder to one or more other entities.

    

    11.10. Binding
      Arbitration for Agreement Interpretation.

    

    
      	 	 	
              Upon
                demand of either party hereto, whether made before or after institution
                of
                any judicial proceeding, any dispute, claim or controversy arising
                out of,
                connected with or relating to this Agreement between the parties
                hereto
                shall be resolved by binding arbitration as provided herein. Arbitration
                shall be conducted under and governed by the rules of the American
                Arbitration Association (the “AAA”) for commercial disputes then in
                effect. The decision of the arbitrator shall be in writing and shall
                contain findings of fact and conclusions of law. The requirement
                that the
                arbitrator so state findings of fact and conclusions of law shall
                not,
                however, be deemed to create a right of review in any court of competent
                jurisdiction that does not otherwise exist under applicable statutes
                or
                law. All arbitration hearings shall be conducted in Orlando, Fl.
                All
                applicable statutes of limitation shall apply to any such dispute,
                claim
                or controversy. The expedited procedures set forth in rules of the
                AAA
                shall be applicable to all disputes, claims or controversies involving
                claims of less than $1,000,000. The panel from which the single arbitrator
                shall be selected shall be comprised of attorneys licensed in the
                state
                where the arbitration is to be held. All reasonable attorneys’ fees of the
                damaged party can be recovered as part of final awarded damages of
                the
                prevailing party.

            

    

    

    11.11. Severability.

    

    
      	 	 	
              Any
                term or provision of this Agreement that is invalid or unenforceable
                in
                any situation in any jurisdiction shall not affect the validity or
                enforceability of the remaining terms and provisions hereof or the
                validity or enforceability of the offending term or provision in
                any other
                situation or in any other jurisdiction. If the final judgment of
                a valid
                board of arbitration or court of competent jurisdiction declares
                that any
                term or provision hereof is invalid, the parties hereto agree that
                the
                arbitrators or court making the determination of invalidity or
                unenforceability shall have the power to reduce the scope, duration
                or
                area of the term or provision, to delete specific words or phrases
                or to
                replace any invalid or unenforceable term or provision with a term
                or
                provision that is valid and enforceable and that comes closest to
                expressing the intention of the invalid or unenforceable term or
                provision, and this Agreement shall be enforceable as so
                modified.

            

    

     

    -13-

    11.12. Governing
      Law and Jurisdiction.

    

    This
      Agreement shall be governed by and under the laws of the United States Of
      America, State of Florida without regard to conflicts of laws provisions. The
      parties hereto agree that any disputes arising out of or under this Agreement
      not finally determined under the arbitration provision set forth above shall
      be
      adjudicated in either the United States District Court for the Southern District
      of Florida or the Circuit Court for the Eleventh Judicial Circuit in and for
      Miami-Dade County, Florida. Each party hereby submits to the jurisdiction of
      the
      courts of the State of Florida and hereby waives any objections
      thereto.

    

    11.13. Indemnification.

    
      
        	a.  	
                By
                  IBSG.

              

      

    

    

    IBSG
      shall defend, indemnify, and hold harmless the CAC and CAC’S, SUBLICENSEES,
      owners, shareholders, partners, members, directors, officers, managers and
      employees and agents from and against any and all claims, damages, losses and
      expenses, including but not limited to reasonable attorney’s fees, to the extent
      those claims, expenses, injuries, or damages are caused directly and proximately
      by the willful misconduct or gross negligence of IBSG in the performance of
      the
      services hereunder, provided, however, that if there also is fault on the part
      of the CAC or any entity or individual acting on the CAC’S behalf, the forgoing
      indemnification shall be enforced on a comparative fault basis. As a condition
      to the foregoing indemnity obligation, the CAC shall provide IBSG with prompt
      notice of any claim for which indemnification shall be sought hereunder and
      shall cooperate in all reasonable respects with IBSG in connection with any
      such
      claim. IBSG shall be entitled to control the handling of any claim in which
      it
      is allegedly that parties’ fault and to defend or settle any such claim, in its
      sole discretion, with counsel of its own choosing. In no event shall this
      indemnification extend to consequential damages alleged to be caused by the
      SYSTEM or services rendered by IBSG under this Agreement.

     

    -14-

    
      	b.  	
              By
                CAC.

            

    

    

    CAC
      shall
      defend, indemnify, and hold harmless IBSG and IBSG’s, shareholders, directors,
      officers, employees and agents from against any and all claims, damages, losses
      and expenses, including but not limited to reasonable attorney’s fees, to the
      extent those claims, expenses, injuries, or damages are caused directly and
      proximately by the willful misconduct or gross negligence of CAC in the
      performance of the services hereunder, provided, however, that if there also
      is
      fault on the part of IBSG or any entity or individual acting on IBSG’s behalf,
      the forgoing indemnification shall be enforced on a comparative fault basis.
      As
      a condition to the foregoing indemnity obligation, the IBSG shall provide the
      CAC with prompt notice of any claim for which indemnification shall be sought
      hereunder and shall cooperate in all reasonable respects with the CAC in
      connection with any such claim. The CAC shall be entitled to control the
      handling of any claim in which it is allegedly that parties’ fault and to defend
      or settle any such claim, in its sole discretion, with counsel of its own
      choosing. 

    

    11.14. Proprietary
      Information.

    

    IBSG
      understands and agrees that, in the performance of services provided under
      this
      Agreement or in contemplation thereof, IBSG may have access to private or
      confidential information which may be owned or controlled by the CAC and that
      such information may contain proprietary details, the disclosure of which to
      third parties will be damaging to the CAC. 

    

    IBSG
      agrees that all information disclosed by the CAC to IBSG shall be held in
      confidence and used only in performance of the Agreement, except as required
      to
      be disclosed by law, rule, regulation, subpoena, or other administrative or
      legal process or by applicable regulatory or professional standards. IBSG shall
      exercise the same standard of care to protect such information as is used to
      protect its own proprietary data. Confidential information shall not include
      that which is or becomes publicly known through no wrongful act of IBSG.

    
      -15-

    

    The
      CAC
      understands and agrees that, in the performance of its obligations under this
      Agreement, it shall be provided with proprietary information and materials
      of
      IBSG, which shall be used solely by the CAC for use of the CAC as, prescribed
      in
      this Agreement. The CAC and its employees shall have no rights to disseminate
      any of these materials outside the CAC and shall require that each employee
      who
      is given these materials agree to a non-disclosure agreement.

    

    The
      CAC
      acknowledges that the SYSTEM is copy written, Trade marked material and
      represents a significant financial investment and business asset to IBSG. The
      CAC and each SUBLICENSEE shall execute all necessary measures or refrain from
      taking any action, as the case may be, required to protect the unauthorized
      copying or theft of the SYSTEM or related marketing material. Upon any breach
      of
      this Agreement by CAC or a breach of a SUBLICENSEE, CAC and SUBLICENSEE will
      discontinue use of the SYSTEM, and IBSG will have all available remedies under
      law and in equity to recoup any losses and damages caused by any such breach
      of
      the CAC or SUBLICENSEE, including but not limited to injunctive relief as well
      as the recovery of attorney fees. The provisions of this Section 15 shall
      survive the termination of this Agreement.

    

    
      	 	
              11.15.

            	
              Notice
                to the Parties.

            

    

    

    Any
      notice, request or other communication required or allowed under this Agreement
      shall be in writing and shall be deemed given (a) upon personal delivery, (b)
      when sent by telecopy, provided that receipt thereof is confirmed verbally
      or by
      return telecopy, (c) on the first business day after receipted delivery to
      a
      courier service which guarantees next-business-day delivery, under circumstances
      in which such guaranty is applicable, (d) by e-mail with return receipt response
      or (e) on the earlier of delivery or three (3) business days after mailing
      by
      United States certified mail, postage and fees prepaid, to the appropriate
      party
      at the address set forth below or to such other address as the party so notifies
      the other in writing. Any notice sent by telecopy also shall be sent by
      certified mail, but shall be deemed to have been given when the telecopy has
      been transmitted.

    

    
      -16-

    

    
      	
              TO
                THE 

            	 	
              Dr.
                Ahmed Almustapha
Register General/Chief Executive

                Corporate
                  Affairs Commission

                Plot
                  565 Ndola Square

                Off
                  Michael Opara Street

                Wuse
                  Zone 5, Abuja

                PMB198
                  Garki, Abuja-Nigeria

                By
                  e-mail: 

                By
                  fax transmission: 

              

            

    

     

    
      	 	 	
               

            

    

    

    
      	
              TO
                IBSG:

            	 	
              Stephen
                Huber, PhD.

            

    

    
      	 	 	
              IBSG,
                Inc.

            

    

    
      	 	 	
              1132
                Celebration Blvd

            

    

    
      	 	 	
              Celebration,
                FL 34747

            

    

    
      	 	 	
              By
                e-mail: shuber@ibsgi.com

            

    

    
      	 	 	
              By
                telecopy transmission: (321)
                939-6381

            

    

    

    11.16. Waiver.

    

    The
      omission by either party at any time to enforce any default or right reserved
      to
      it, or to require performance of any of the terms, covenants, or provisions
      hereof by the other party at the time designated, shall not be a waiver of
      any
      such default or right to which the party is entitled, nor shall it in any way
      affect the right of the party to enforce such provisions
      thereafter.

    

    11.17. Section
      Headings.

    

    The
      sections headings contained herein are for convenience and reference purposes
      only and are not intended to define the scope of any provisions of this
      Agreement.

    

    11.18. Entire
      Agreement.

    

    This
      Agreement, including the Attachments referenced herein, constitutes the entire
      agreement between the parties hereto and supersedes any prior understandings,
      agreements or representations by or between the parties, written or oral, that
      may have related in any way to the subject matter hereof.

    

    
      -17-

    

    11.19. Force
      Majeure.

    

    Notwithstanding
      any other provision in this Agreement, IBSG shall not be liable or held
      responsible for any failure to perform or delays in performing its obligations
      under this Agreement, including but not limited to circumstances or causes
      beyond IBSG’s reasonable control including, without limitation, significant acts
      or omissions or the failure to substantially cooperate pursuant to this contract
      by the CAC (including, without limitation, entities or individuals under CAC’s
      control, or any of their respective officers, directors, employees, other
      personnel, and agents), acts of God, strike or labor dispute, war or other
      violence, or any law, order or requirement of any governmental agency or
      authority.

    

    

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement on the dates
      set forth below.

    

    Signature
      of Parties;

    

     

    
      
        	 Date
                6/22/2004
	 	 	 Date
                6/26/2004
	/s/ Michael
                Rivers, PhD.	 	 	/s/ Dr.
                Ahmed Almustapha 
	
                

              	 	 	
                

              
	
                Michael
                  Rivers, PhD.

                CEO

                IBSG
                  International, Inc.

              	 	 	
                Dr.
                  Ahmed Almustapha 

                Register
                  General/Chief Executive
Corporate Affairs
                  Commission

              

      

    

    

    

    

    -18-

    

    

    Attachment
      A

    

    NETPOOL
      DATA SYSTEM DESCRIPTION

    

    SYSTEM
      OVERVIEW

    

    The
      SYSTEM is built on a dynamic
      platform,
      which provides current market information. The SYSTEM has over 7,500 functions
      and 800 viewable active server pages. The SYSTEM has internal data policing
      and
      archive analysis capabilities; an internal e-mail system; sophisticated
      security; full ad hoc reporting capabilities; complete business support
      services; is pending to be interactive video ready and; has multiple on-line
      billing features. 

    

    Below
      are
      the core features of each section of the SYSTEM. The complete functionality
      of
      the SYSTEM will be reviewed in detail during each phase's training.

    

    Small
      Business Development Center (SBDC FUNCTIONS: 

    

    Lead
      Center

    

    
      	•  	
              All
                required SBDC reports and Ad-Hoc reporting features to create new
                reports

            

    

    
      	•  	
              Ability
                to develop its operating budget and track funds
                

            

    

    
      	•  	
              Ability
                to approve/disapprove SBDC budgets by
                SDBC

            

    

    
      	•  	
              Ability
                to receive and approve/deny budget modifications request submitted
                by
                SBDC’s

            

    

    
      	•  	
              Ability
                to monitor the SBDC’s (budget variance)

            

    

    
      	•  	
              Ability
                to maintain a historical record of budgets by
                SBDC

            

    

    
      	•  	
              Ability
                to track allocations by funding
                source

            

    

    
      	•  	
              Ability
                to Fiscally Manage their organization electronically by using the
                system’s
                fiscal management
                functionality

            

    

    
      	•  	
              Master
                Calendar/event management

            

    

    
      	•  	
              On-Line
                training 

            

    

    
      	•  	
              On-Line
                counseling

            

    

    
      	•  	
              PDA
                access*

            

    

     

    -19-

    Individual
      Small Business Development Center (SBDC):

    

    
      	•  	
              On-Line
                training 

            

    

    
      	•  	
              On-Line
                counseling

            

    

    
      	•  	
              Ability
                to develop its budget and track
                funds

            

    

    
      	•  	
              Ability
                to send budgets to Lead Center
                electronically

            

    

    
      	•  	
              Ability
                to create and manage its operating
                budget

            

    

    
      	•  	
              Ability
                to request and receive modifications to its budget through-out the
                fiscal
                year through the Lead Center

            

    

    
      	•  	
              Ability
                to import previous years budget numbers into a new
                budget

            

    

    
      	•  	
              Ability
                to maintain a historical record of
                budgets

            

    

    
      	•  	
              Ability
                to have automated tracking of possible budget
                overruns

            

    

    
      	•  	
              Ability
                to receive invoices from External Consultants (if applicable) for
                payment
                processing

            

    

    
      	•  	
              Ability
                for multiple security of users by Managers of SBDC; staff consultants
                (counselors); staff of SBDC; outside
                consultants

            

    

    
      	•  	
              Ability
                to assign counselors/consultants by specific expertise or general
                skills
                to cases and generate payment vouchers (if applicable).
                

            

    

    
      	•  	
              Ability
                to monitor counselor/consultant’s work effort and man-hours per case by
                business service or activity

            

    

    
      	•  	
              Ability
                to receive and approve/deny increases to counselor/consultant
                man-hours

            

    

    
      	•  	
              Ability
                to input and generate time sheet for staff counselors/consultants
                and
                track hours 

            

    

    
      	•  	
              Ability
                to manage clients (business management system) including tracking
                of
                various business goals

            

    

    
      	•  	
              Ability
                to capture critical data on businesses based on interviews with staff
                or
                consultants

            

    

    
      	•  	
              Ability
                to comment on outside consultant effectiveness through consumer
                satisfaction report

            

    

    
      	•  	
              Ability
                to Fiscally Manage local SBDC 

            

    

    
      	•  	
              Ability
                to generate a wide range of adHoc reports on service effectiveness
                and
                state/federal required reports

            

    

    
Core
      Business Features-

    

    The
      business-to-business and e-commerce capabilities of the SYSTEM are extensive.
      SEE BELOW

     The
      primary business functions include:

    
      	·  	
              Illustrate
                items or service with audio, video and written
                narrative

            

    

    
      	·  	
              On-line
                purchasing including credit/debit card
                verification

            

    

    
      	·  	
              Video
                messaging for conference and
                meetings

            

    

    
      	·  	
              Fiscal
                management including A/P, A/R and
                payroll

            

    

    
      	·  	
              Full
                bidding and sub-contracting
                process

            

    

    
      	·  	
              Dynamic
                market analysis by item or
                service

            

    

    
      	·  	
              Employee
                searches and interview
                scheduler

            

    

    
      	·  	
              Dynamic
                real time reports on business and market performance through the
                SYSTEM

            

    

    
      	·  	
              Internal/external
                messaging center

            

    

    
      	·  	
              SYSTEM
                developed digital catalogue and web
                pages

            

    

    

    -20-

    
 

    Core
      Government: 

    The
      following are some of the key features for government agencies related
      projects:

    
      	·  	
              Full
                government procurement
                management

            

    

    
      	·  	
              Comprehensive
                RFP management

            

    

    
      	·  	
              Ad
                Hoc reporting

            

    

    
      	·  	
              Benefit
                and program fiscal and usage
                tracking

            

    

    

    Core
      Educational Institution and Workforce Functions: 

    

    The
      following features are some of the key features of educational
      institutions:

    
      	·  	
              On-line
                class scheduling

            

    

    
      	·  	
              Full
                career services including on-line interview scheduling
                

            

    

    
      	·  	
              Automated
                retention tracking

            

    

    
      	·  	
              Financial
                aide management

            

    

    
      	·  	
              Long
                Distance learning

            

    

    
      	·  	
              On-line
                tracking of student
                performance

            

    

    
      	·  	
              Case
                management

            

    

    
      	·  	
              Benefit
                tracking and reporting

            

    

    
      	·  	
              All
                individual consumer features

            

    

    
      	·  	
              All
                business features

            

    

    

    Core
      Individual Consumer Functions:

    

    The
      following are some of the key features for individual
      consumers:

    
      	·  	
              SYSTEM
                generated resumes including photo and
                audio

            

    

    
      	·  	
              Dynamic
                employment market analysis including specific skills by demand for
                specific jobs

            

    

    
      	·  	
              On-line
                interview scheduling

            

    

    
      	·  	
              SYSTEM
                automated; interview follow up, employment record update by consumer
                and
                30, 60, 90 and 6 months employment
                verification

            

    

    
      	·  	
              Full,
                part time and internship
                placement

            

    

    
      	·  	
              Built-in
                e-mail messaging SYSTEM including video
                messaging

            

    

    
      	·  	
              Interactive
                video interviews and video interview
                library

            

    

    
      	·  	
              Vocational
                and educational plan development and
                tracking

            

    

    

    

    

    

    -21-

    

    Core
      General SYSTEM Functions: 

    
The
      following are some of the key functions of the SYSTEM and for the SYSTEM
      administration:

    
      	·  	
              Set
                all SYSTEM billing by each license
                holder

            

    

    
      	·  	
              Brand
                SYSTEM for each license holder

            

    

    
      	·  	
              Virtual
                trainer on each page to illustrate page and SYSTEM
                use

            

    

    
      	·  	
              Virtual
                trainer audio is multi-lingual

            

    

    
      	·  	
              Set
                SYSTEM default controls

            

    

    
      	·  	
              SYSTEM
                event and scheduler calendar

            

    

    
      	·  	
              Internal
                to external message center

            

    

    
      	·  	
              Full
                business search capabilities

            

    

    
      	·  	
              SYSTEM
                wide Ad hoc reports on SYSTEM activity and
                performance

            

    

    
      	·  	
              Self
                Log in by user type

            

    

    

    

    -22-

    
 

    ATTACHMENT
      A-1

    NETPOOL
      DATA SYSTEM INSTALLATION SCHEDULE

    

    

    

    The
      following proposed schedule can be modified by the CAC and IBSG as mutually
      agreed. 

    

    Date   Activity   Estimated
      Completion Time

    

    TBD__/__/04     Installation
      & Testing   
2
      Weeks
      from start of installation

    TBD__/__/04     Marketing
      training               90
      DAYS
      from completion of install 

    TBD__/__/04     Train
      the
      Trainer on SYSTEM      
3
      Days

    TBD__/__/04     SYSTEM
      Administration training  1/2
      Day

        System
      Operating Specifications;

    
The
      following described the SYSTEM specifications requires (hardware and software)
      to install and operate the SYSTEM. The CAC is responsible, unless agreed to
      in
      writing by both parties, to pay all costs to meet the operating specifications.
      Changes to the specifications may be required based on revisions of the SYSTEM
      by IBSG. IBSG will inform the CAC of any changes to operating specifications
      within 60 days of the change in writing. The CAC will be responsible for any
      and
      all associated costs that may result in the requirement to purchase additional
      hardware or software to comply with the modified specifications.

     

    -23-

    
    NetPool
      Configuration

     

    The
      configuration listed below is a recommended estimate. NetPool systems are
      scalable, both for processing power and mass storage. As usage of the NetPool
      system increases, the SYSTEM should be scaled
      accordingly to support the new usage requirements. Recommended NetPool Server
      Requirements (Dual server)

    
      	
              Hardware

            	
              Software

            
	
              NetPool
                Web Server

              Dual
                Intel Pentium III, 1 GHz Processors

              or
                Greater

              256
                K Internal Cache

              512
                MB Memory 1 Gig Recommended 

              20
                GB / 50 GB Storage Capacity 

              (See
                section below on hardware and storage considerations)

              3.5in.
                Floppy Drive

              40x
                SCSI-2 CD-Rom Drive

              3Com
                10/100TX Network Card 

              (Compatible
                with your network environment)

            	
              Microsoft
                Windows 2000 Server

              Microsoft
                Internet Information Server 5.0

              with
                all current security patches

              SA
                File UP

              Microsoft
                Streaming Media Encoder

            
	
              SQL
                Server

              Dual-Intel
                Pentium III 1 GHz Processors

              or
                Greater

              256
                K Internal Cache

              512
                MB Memory 1 Gig Recommended

              4x
                8GB Ultra-Wide SCSI-3 Hard Disk Drives

               (see
                section below on hardware and storage considerations)

              3.5in.
                Floppy Drive

              40x
                SCSI-2 CD-Rom Drive

              3Com
                10/100TX Network Card

              (compatible
                with your network environment)

            	
              Microsoft
                Windows 2000 Server

              With
                all current security patched

              Microsoft
                SQL Server 2000.

              With
                all current security patches

            

    

    

    Recommended
      NetPool Client Browser Requirements

    
      	
              Internet
                Explorer 5.5 or higher

            
	
              The
                NetPool Data System will work with Internet Explorer. It is recommended
                that you have version 5.5 (or higher) to access the NetPool Data
                System.
                The browser is readily available for downloading via the
                Internet.

            

    

     

    -24-

    Server
      Considerations and Requirements:

    
      	
              Microsoft
                Windows 2000 Server

            	
              Microsoft
                Windows 2000 Server with all current security
                patches

              File
                System -
                In order to implement the required level of security, NTFS partitions
                are
                required.

            
	
              Microsoft
                SQL Server 2000

            	Microsoft
              SQL Server 2000 -
              Microsoft SQL Server 2000 with all current security patches
              Licensing
                - Microsoft
                SQL Server 2000requires client licenses for database connections.
                There
                are many licensing strategies available to respond to your specific
                client
                usage projections. 

            
	
              Hardware
                Considerations

            	SCSI
              Hard Disk / Storage Considerations
              -
              Because of the database-intensive nature of NetPool, it is highly
              recommended that the system(s) that NetPool resides on have either
              dual
              SCSI hard drives and controller OR be placed on a system with a
              hardware-based RAID controller and hard disks.
	
              Video
                Considerations

            	Video
              Card -
              It
              is necessary for your servers to have video cards in them but as a
              server
              it is not necessary to have the greatest and fastest cards. Therefore
              we
              do not make any recommendations on video or graphics accelerators
              cards.
	
              Storage
                Considerations

            	The
              NetPool Data System - Allows
              the ability to store images, audio, contracts, and video files on the
              server. If you don’t allow users to store video you can use the 20 GB
              recommendation. If you allow user the full ability to store video files,
              we recommend the 50 GB as a starting point with the understanding that
              the
              need for more disk space will increase as more people use this
              feature.
	
              Network
                Considerations

            	TCP/IP
              Network Considerations
              -
              The server(s) that NetPool resides on must be placed on a TCP/IP-based
              network that provides proper access to ALL client systems that will
              require access to the NetPool system. If this includes systems connecting
              via the Internet or any other public TCP/IP network, then it is necessary
              for NetPool to be a permanent node on the Internet with a fully qualified
              domain name (FQDN).
              Proxy
                and/or Firewall Systems - There
                are additional considerations when applying NetPool into networks
                that use
                TCP/IP Proxy and/or Firewall systems to protect their network. The
                main
                consideration should be making sure that all client systems that
                will be
                accessing the NetPool web server(s) do so without interfering
                devices.

              TCP/IP
                Port Requirements
                -
                A list of NetPool TCP/IP port requirements is included later in this
                document. See the section titled ‘NetPool TCP/IP Port Requirements’. These
                are the TCP/IP ports that must be available for a direct and/or virtual
                connection to the NetPool system.

              Development
                Environment used to create the NetPool Data System.

              Majority
                of NetPool was developed using Visual Interdev and written in Active
                Server Pages (ASP). There are some pieces of the system that run
                on the
                server and perform special functions and these components were developed
                with Visual Basic. The virtual trainer files are created using Macromedia
                Flash and the online trainer files are Adobe pdf
                format.

            

    

     

    -25-

    Development
      Environment used to create the NetPool Data System.

    Majority
      of NetPool was developed using Visual Interdev and written in Active Server
      Pages (ASP). There are some pieces of the system that run on the server and
      perform special functions and these components were developed with Visual Basic.
      The virtual trainer files are created using Macromedia Flash and the online
      trainer files are Adobe pdf format.

    NetPool
      TCP/IP Port Requirements

    Because
      NetPool is a web-based system, it uses the TCP/IP stack of protocols. The
      majority of the NetPool system works via the HTTP protocol which resides on
      port
      80, however much of functionality of NetPool takes place on other TCP and UDP
      ports which are not “well-known ports” as assigned by the Internet Assigned
      Numbers Authority (IANA).

    Below
      is
      a list of the ports that the NetPool system uses:

    
      	·  	
              NetPool
                WWW Access (HTTP)Port
                80

            

    

    This
      port
      is required for WWW browsers to access the Microsoft Internet Information Server
      WWW Server. Port 80 is the established, well-known port for World Wide Web
      access.

    Other
      Considerations

     

    
      	
              Externally
                Hosted Sites

            
	
              NetPool
                Sites that are hosted external to IBSG must meet all the hardware
                and
                software requirements above.  In addition to the software
                requirements above there must be external access for IBSG via FTP
                and
                Remote control.  This allows for feature enhancements as well
                as
                routine maintenance.  This may require additional TCP Ports
                to have
                access through an existing
                firewall.

            

    

    

    
      -26-

    

    Services
      and Payment Schedule B

    

    

    The
      CAC
      agrees to make payments to IBSG in accordance with the following payment
      schedule for all contract fees and for associated services performed by IBSG.
      See Notes and Provisions below for specific references to payment
      schedule.

    

    
      	
              Item(s)

            	
              Amount

            	
              Due

            
	 1.
              Year 1 License Fee	 $250,000.00	50% at contr
              50%
              contract signing
	
               

            	
               

            	
              Balance
                upo balance upon completion

              Of
                host server installation & testing

            
	
              2.
                Monthly subscription-Usage Fee:

              Years
                1-5;

            	
              $6/business/month
                billed by CAC (total $15/month) in connection with the SYSTEM (i.e.
                monthly subscription revenue

            	
              Net
                60 days of receipt beginning with the first month of contract w/guarantee
                of 35,000 businesses. Billed on net 60, first 90 days billed at contract
                start. (payment to be digitally paid to IBSG when available) cont.
                each 90
                days

            
	
              4.
                Year 2-5 license

              Annual
                Maintenance Fee

            	
              25%of
                year one license fee w/10% increase per year for years 3-5

            	
              Annually
                at contract anniversary (years 2, 3, 4 and 5)

            
	
              5.
                Year 1 Sublicense Fees:

            	
              Fee
                To Be Determined

              IBSG:
                65% CAC: 35% of Sublicense fee

            	
              At
                execution of Sublicense Agreement

            
	
              6.
                Year 2-5 Sublicense

              Annual
                Maintenance Fee

            	
              Total
                to be a allocated between IBSG and CAC is 25% of year 1 license
                fee

              IBSG:
                60% of the 25%

              CAC:
                40% of the 25%

            	
              Annually
                at contract anniversary (years 2, 3, 4 and 5)

            
	
              7.
                Customization

              (optional)

            	
              $200/hour

            	
              25%
                due at CAC sign off of specification document prepared by IBSG. Balance
                due upon completion of customization by IBSG

            
	
              8.
                Initial Integration & Training:

            	
              N/A

            	
              N/A;
                to be scheduled as a separate work effort

            
	
              9.
                Host site Installation & Testing

            	
              N/A

            	
              N/A

            
	
              10.
                Travel and expenses

            	
              N/A
                for CAC; at cost plus (see
                below) for
                all Sub-licenses 

            	
              Due
                upon receipt of IBSG invoice for
                expense

            

    

    All
      fees
      are subject to a 10% processing fee per cost or monthly.

    

    -27-

    

    OPTIONAL

    

    

      
        	
                1.
                  Additional SYSTEM user 

              	
                $1,000/half
                  day

              	
                $500
                  due 7 days prior to

              
	
                   
                  training    

              	
                training
                  date.  

              	
                Balance
                  due 7 days

              
	 	 	
                after
                  training completed

              
	 	 	 
	
                2.
                  Additional train the trainer 

              	
                $1,500/day  

              	
                $750
                  due 7 days prior to

              
	 	 	
                training
                  date.

              
	 	 	
                Balance
                  due 7 days

              
	 	 	
                after
                  training completed.

              

      

    

     

    Taxes.

    

    Licensee
      CAC shall, in addition to the other amounts payable under this LICENSE
      Agreement, pay all applicable sales and other taxes, federal, state, or
      otherwise, however designated, which are levied or imposed by reason of the
      transactions contemplated by this LICENSE Agreement, and services rendered
      there
      under. Without limiting the foregoing, Licensee shall promptly pay to the
      Licensor an amount equal to any such items actually paid, or required to be
      collected or paid by the Licensor.

    

    
      -28-

    

    a.
      Notes and Provisions:

    

    

    
      	1.  	
              A
                10% administration fee will be added to all invoices with the exception
                of
                the year 1 Master license fee.

            

    

    
      	2.  	
              The
                CAC will be responsible to pay any travel, hotel, food and expenses
                related to implementing and maintaining this Agreement for the term
                of
                this Agreement. Any travel and expenses incurred as a result of an
                IBSG
                technician traveling on site of the CAC to diagnose a potential SYSTEM
                failure where IBSG determines that the failure is not attributed
                to the
                SYSTEM design or function will be the responsibility of the CAC.
                Any
                travel and expenses as well as man-hour costs that ARE related to
                a SYSTEM
                failure will be the responsibility of IBSG providing the LICENSE
                of the
                CAC has been maintained according to the terms of this Agreement.
                

            

    

    
      	3.  	
              The
                CAC agrees to schedule installation and training, as described in
                attachment A-1 within 90 days from execution of this Agreement, unless
                agreed to in writing by both parties. Failure to schedule the installation
                will result in real financial injury to IBSG. The CAC agrees to pay
                a
                delay fee equal to the outstanding balance of the year one (1)-license
                fees if they fail to provide for the installation of the SYSTEM as
                described herein within the 90-day period. The purpose of this clause
                is
                not to unduly delay the installation of the SYSTEM by the CAC so
                that no
                NetPool System is in the license area stipulated in this Agreement.
                

            

    

    
      	4.  	
              The
                license can be renewed for an additional five (5) years if mutually
                agreed
                to by both parties. The five (5) year term will begin when the CAC
                begins
                to charge fees to users of the
                SYSTEM.

            

    

    
      	5.  	
              IBSG
                must install the SYSTEM by the mutually agreed date (see attachment
                1-A).
                Failure to do so will result in IBSG forfeiting 10% of the year one
                license fee

            

    

    
      	6.  	
              All
                customization for CAC or SUBLICENSEES will be billed at a rate of
                $200/hour. Years 2-5 will increase the hourly rate by 10% per
                annum.

            

    

     

    -29-

     

    
      	7.  	
              IBSG
                will attempt to collect all monthly usage fees from the CAC through
                the
                on-line credit card service and will provide the CAC with an invoice
                each
                month for fees paid or direct billing. If IBSG’s attempt to collect
                monthly usage fees fails as the result of the CIUSTOMER’S credit/debit
                card not being authorized, the uncollected amount will be due immediately.
                IBSG will notify the CAC of the unsuccessful collection in writing
                and
                provide the CAC with an opportunity to effect payment with another
                form of
                credit card or debit card within 7 days of notice. IBSG reserves
                the right
                to suspend operation of the CAC until IBSG collects all IBSG outstanding
                fees (this
                service is not yet available).

            

    

    
      	8.  	
              The
                CAC agrees to charge NO LESS than $15 per business user that stores
                a
                business profile, items or describes any services in the SYSTEM,
                (minimum
                fee) for SYSTEM use per month (businesses
                being served as clients of the CAC are optionally charged at the
                sole
                discretion of the CAC). The
                minimum fee will begin no later than the first day from the date
                the
                business user is in the database as described above unless agreed
                to in
                writing by IBSG and the CAC. 35,000 Businesses are guaranteed by
                the CAC
                at the rate of $6/business/month to IBSG. Any business user not being
                charged the minimum fee as described above, and in the absence of
                written
                Agreement as stated, IBSG will be entitled to a fee of $6 per
                business/member/month in the CAC’s database or to suspend the user at the
                60-day mark (if digital collection service is in effect and fails).
                Payment will be due immediately. The CAC reserves the right to suspend
                any
                user that fails to pay its monthly user charges set by the
                CAC.

            

    

    
      	9.  	
              Any
                installations, training or marketing support scheduled and mutually
                agreed
                to by the CAC, IBSG or a SUBLICENSEE of the CAC that is cancelled
                by the
                CAC or the SUBLICENSEE in less than 7 calendar days from the scheduled
                date will be billed a cancellation fee of $400 by IBSG. Any expenses
                not
                refundable in full (i.e. hotel cancellation fees, airline tickets)
                charged
                to IBSG will be due in addition to the cancellation fee. All cancellation
                fees are due on a net 30-day from the date of the invoice generated
                by
                IBSG. This clause DOES NOT apply to re-scheduling mutually agreed
                to in
                writing by IBSG and the CAC.

            

    

    
      	10.  	
              The
                CAC MUST have all SUBLICENSE agreements approved by IBSG, in writing
                before issuing a SUBLICENSE. A copy of the final executed SUBLICENSE
                agreement must be provided to IBSG within 7 days of the execution
                date.
                Payment to IBSG should be paid within 30 days of execution of the
                SUBLICENSE agreement. Failure to obtain IBSG approval, provide an
                executed
                copy of the Agreement or make payment in a timely manner, at IBSG’s sole
                discretion, may result in any or all of the following; termination
                of the
                SUBLICENSE agreement, termination of operation of the SUBLICENSE
                entity by
                IBSG and a penalty payment of up to the value of the SUBLICENSE but
                no
                less than $25,000 to be paid by the CAC.

            

    

    
      	11.  	
              Installation
                is completed when IBSG informs the CAC that the SYSTEM is fully installed,
                tested and all deliverables have been provided as stipulated in this
                agreement by IBSG. All outstanding balances agreed to be paid following
                installation will be invoiced and due at that
                time.

            

    

    
      	12.  	
              The
                CAC agrees to provide the appropriate facilities to conduct ALL
                trainings.

            

    

    
      	13.  	
              Upon
                termination of the Agreement in the event of a breach by IBSG, IBSG
                will
                waive all fees not yet due at the effective date of the
                termination.

            

    

    
      	14.  	
              Upon
                termination of this Agreement in the event of a breach by CAC, all
                amounts
                already invoiced to CAC shall be paid immediately to IBSG by
                CAC.

            

    

     

    -30-

     

    b.
      Preliminary Analysis and Services.

    

    
      	1.  	
              IBSG
                will first analyze existing hardware, and network configurations
                at the
                CAC (non-IBSG Hosting). Any interfaces or other customizations of
                the
                SYSTEM will be defined and a Specifications Document will be created
                for
                the project prior to the initial installation unless an alternate
                arrangement is agreed upon by both parties. Training on the SYSTEM’s
                functions will be included in the initial work effort.
                

            

    

    
      	2.  	
              The
                CAC will make available at each location at which the SYSTEM is to
                be
                installed under this Agreement, computer equipment and software
                configurations approved by the Licensor as adequate for the implementation
                of the SYSTEM at such location (see attachment
                a-1).

            

    

    
      	3.  	
              All
                custom modifications to the SYSTEM, not including assisting the Licensee
                in implementation of the software job control language, shall be
                undertaken by Licensor at the charges stated herein. For each such
                custom
                modification, Licensee shall provide written specifications to the
                Licensor, which shall be mutually agreed upon prior to commencement
                of
                such custom modification effort. Customization includes any changes,
                subtractions, or additions to the SYSTEM from its delivered version
                INCLUDING INTERFACES WITH ANY EXISTING SYSTEMS. The cost for customization
                will be in accordance with Payment Schedule B. IBSG will produce
                a final
                Technical Specification Document of the customization request as
                part of
                the customization work and provide it to the CAC for approval. The
                Technical Specification Document will define the customization needs
                and
                the cost to complete the customization. All customization work will
                be
                done in accordance with this
                document.

            

    

    
      	4.  	
              The
                CAC will provide IBSG with all preliminary information necessary
                to
                connect to a Host Server to integrate and remotely install the SYSTEM.
                The
                information shall include but is not limited to existing hardware,
                software, networks, and number of in-house users, CAC’s and security
                levels.

            

    

    
      	5.  	
              The
                CAC will provide IBSG with network architecture prior to installation
                of
                the SYSTEM. The CAC will provide a detailed set of network needs
                to IBSG.
                IBSG will design the SYSTEM network architecture based on these needs.
                The
                network will conform to the needs of the CAC and must have signed
                approval
                by CAC before installation of the SYSTEM by IBSG.
                

            

    

    

    
      -31-

    

    c.
      Installation. 

     

    
      	1.  	
              IBSG
                will provide installation of the SYSTEM onto the CAC Host Server
                hardware
                designated to operate the SYSTEM at IBSG headquarters. Installation
                fees
                for all sites will be in accordance with Payment Schedule
                B.

            

    

    
      	2.  	
              IBSG
                will integrate the SYSTEM at the Host Server site of the CAC and
                at
                additional SUBLICENSE sites. Integration refers to the seamless operation
                within the CAC’S network architecture. If the CAC elects to have IBSG
                provide server hosting services, the integration may not be required
                with
                the exception of access to the SYSTEM by CAC’s local users via the CAC’S
                website. The fee for integration at the Host Server and each SUBLICENSE
                site will be in accordance with Payment Schedule
                B.

            

    

    
      	3.  	
              IBSG
                will test all integration, installation, and network design to assure
                function capability. The SYSTEM will be installed and tested on the
                CAC’s
                server (unless IBSG is Hosting) that houses the SYSTEM database remotely
                by IBSG. The installation will occur according Attachment A-1. Key
                functionality of the SYSTEM can be found in Attachment A. Additional
                testing will be provided as needed to assure SYSTEM
                function.

            

    

    

    d.
      Training.

    

    
      	1.  	
              IBSG
                will provide onsite training to 2 sessions of 10 staff selected by
                the CAC
                over the stipulated time frames in attachment A-1. This training
                will be
                conducted using a SYSTEM training from the SYSTEM with in person
                training
                to occur at a separate and mutually determined schedule utilizing
                a laptop
                of the IBSG trainer. IBSG will provide an on-line training for CAC
                staff
                as a separate and mutually agreed work effort and time. Costs for
                training
                will be in accordance with Payment Schedule developed specifically
                for the
                training.

            

    

    
      	2.  	
              The
                CAC shall provide a space for the training and adequate facilities
                to
                deliver the training. 

            

    

    

    e.
      Maintenance and Help Desk Services.

    

    
      	1.  	
              IBSG
                will provide toll-free telephone support at 1-888-300-9838. Support
                will
                be available Sunday through Saturday from 12:00 P.M. - 12:00 A.M.,
                excluding US federal holidays. The CAC understands and agrees that
                if IBSG
                is hosting the CAC’S SYSTEM database, IBSG can not guarantee that
                conditions beyond its control will cause the SYSTEM to be unavailable
                to
                the CAC or the CAC’S users. IBSG will make every effort to re-establish
                database access. IBSG is not responsible for any loss revenue of
                subsequent damages of the CAC or users of the CAC’S database
                unavailability. The CAC will direct all questions regarding SYSTEM
                functionality to this IBSG toll-free support line for years one through
                five of this Agreement. 

              The
                technical support line will be available for general questions and
                is not
                intended to answer hardware or non-SYSTEM questions. IBSG will also
                provide a web site for support needs at www.ibsgi.com.
                Continued support will be available providing the CAC maintains a
                LICENSE
                agreement with IBSG at the end of the five-year term of this Agreement.
                

            

    

     

    -32-

     

    
      	2.  	
              IBSG
                will provide remote and on-site support to the CAC as required or
                requested. Only management staff of the CAC identified in this agreement
                can request on-site support for SYSTEM malfunctions. If a SYSTEM
                function
                issue arises, IBSG can first attempt to resolve it remotely by Internet
                connection or telephone. IBSG will, at its own cost, travel on-site
                to
                each CAC site to correct any SYSTEM function issues (non-hosting).
                IBSG
                does not warranty any existing hardware, networks, or software of
                the CAC
                that have not been provided by IBSG. The CAC agrees to pay IBSG’s whatever
                are IBSG’s current support services market rates (currently $200/hour,
                plus travel and expenses) for any remote or on-site support that
                is not
                directly attributed to SYSTEM functionally or failure. The CAC agrees
                to
                provide IBSG’s technical support staff with administrative access to the
                SYSTEM at all times to remotely load revisions or diagnose and correct
                any
                SYSTEM errors that may occur without requiring IBSG to contact the
                CAC.
                IBSG will not be held responsible by the CAC or users of the SYSTEM
                IF
                IBSG is not provided access as described and the SYSTEM experiences
                any
                error requiring IBSG to correct or support the SYSTEM and the CAC.
                IBSG is
                not responsible for any loss revenue of subsequent damages of the
                CAC or
                users of the CAC’S database unavailability. As stated below, IBSG is not
                responsible to support the SYSTEM if modifications or changes by
                the host
                CAC or a SUBLICENSEE (if applicable) have been made to the IBSG installed
                SYSTEM configuration.

            

    

    
      	3.  	
              IBSG
                will provide a bulletin board to the CAC on IBSG’s website for SYSTEM
                comments, suggestions, requests, and information sharing. The CAC
                can make
                requests for SYSTEM revisions or access information about other SYSTEM
                users and IBSG will provide the CAC with information on the SYSTEM
                users
                and upcoming improvements or modifications to the SYSTEM. The CAC
                will not
                use the bulletin board for any other purpose without the express
                written
                approval of IBSG.

            

    

    
      	4.  	
              IBSG
                will make available to CAC and additional sites a remote database
                back-up
                service. The back-up service will be offered as part of the license
                and
                license maintenance service for CAC and SUBLICENSEES. The CAC and
                IBSG
                will mutually agree on a database backup schedule of each of the
                CAC
                SYSTEM databases. IBSG is not authorized to access any other CAC
                databases
                and will not back up the CAC SYSTEM at any other times beyond the
                scheduled times without written authorization from CAC. IBSG agrees
                to
                abide by all applicable rules and regulations established by the
                CAC
                regarding the stated information. Back up service will be provided
                IF
                remote access is available to IBSG as described above.
                

            

    

     

    -33-

     

    
      	5.  	
              IBSG
                will issue upgrades and enhancements/revisions for the SYSTEM no
                less than
                once a year. Revised functionality will be remotely loaded through
                Internet connection to CAC on-site SYSTEM. The CAC is responsible
                for the
                purchase of any new hardware or software required to support SYSTEM
                revisions or upgrades. To the extent possible, IBSG will provide
                a list of
                additional hardware and software needs it believes necessary to operate
                with the new revisions no less than 60 days prior to the release
                of a
                revision, if applicable. Revisions will be provided if the CAC and
                IBSG
                have a continuing agreement. Remote loading of revisions service
                will be
                provided IF remote access is available to IBSG as described above.
                

            

    

    
      	6.  	
              The
                CAC can revise the SYSTEM AT THEIR OWN RISK. Any modifications made
                to the
                SYSTEM by the CAC which prevents IBSG from carrying out any of it’s
                maintenance and support functions as described in this Agreement,
                at
                IBSG’s sole discretion, will void any and all of IBSG’s maintenance and
                support responsibilities until the SYSTEM is corrected to enable
                remote
                maintenance, revisions or back up of the CAC’S database by IBSG. If the
                CAC fails to either correct the modification or change or schedule
                IBSG’s
                technical staff to correct the modification or change made by the
                CAC, any
                outstanding fees due to IBSG including all license fees will be paid
                to
                IBSG within 30 days of IBSG providing written notification to the
                CAC that
                a correction must be made to the SYSTEM.

            

    

    

    f.
      Marketing Services.

    

    
      	1.  	
              IBSG
                will provide marketing support to the CAC for the purpose of increasing
                users in the CAC’S and SUBLICENSEE’S SYSTEMS. Marketing will also target
                the selling of SUBLICENSES in conjunction with the CAC. IBSG market
                support is defined as providing a remote general training to CAC
                staff on
                marketing the services of the SYSTEM; co-presenting to potential
                user
                groups and SUBLICENSEE prospects; providing a general marketing plan
                to
                the CAC; review and commenting on collateral material developed by
                the
                CAC. IBSG on site presentation support will be on a mutually agreed
                upon
                schedule by all parties. Marketing of SUBLICENSES and users of the
                SYSTEM
                will begin from the date of signing of this Agreement and continue
                for the
                life of the Agreement. The CAC and IBSG can not elect not dis-continue
                or
                suspend the marketing efforts without mutual written agreement of
                IBSG or
                proper termination of this Agreement as described in the Termination
                section of this Agreement. Unauthorized suspension or termination
                of the
                marketing effort will result in any all outstanding balances due
                to IBSG
                to be paid by the CAC immediately upon written notification of the
                termination or suspension to the CAC by IBSG.

            

    

    
      	2.  	
              The
                CAC will produce bi-weekly reports on marketing progress to IBSG.
                The
                report will include the number of contacts with local businesses,
                committees, colleges and other CACS in the region that are potential
                SUBLICENSEES. 

            

    

    
      	3.  	
              Marketing
                assistance will be provided to the CAC at no cost for the six moths
                from
                the date this Agreement in entered into by both parties. IBSG will
                also
                provide marketing assistance to any SUBLICENSEES of the CAC for the
                first
                90 days form the date a SUBLICENSE is entered into between the CAC
                and the
                SUBLICENSEE. Terms, conditions and range of service will be as described
                in the CAC’S marketing support. Continued marketing assistance will be
                provided at a mutually agreed set of payment terms by the CAC and
                or
                SUBLICENSEE and IBSG. 

            

    

    
    

    
      	4.  	
              IBSG
                will provide marketing assistance to SUBLICENSEES of the CAC for
                6 months
                from the date the SUBLICENSE agreement is entered into between the
                CAC and
                the SUBLICENSEE. Continued marketing assistance will be provided
                at a
                mutually agreed set of payment terms by the SUBLICENSE and IBSG.
                

            

    

     

    
      -34-<PAGE>

                                                                   Exhibit 10.19

                     Franklin Credit Management Corporation
                                6 Harrison Street
                           New York, New York 10013

                                                                  April 24, 1997

    Steven W. Lefkowitz
    President
    Wade Capital Corp.
    405 Lexington Avenue-54th Floor
    New York, New York 10174

    Gentlemen:

    We hereby grant you this warrant to purchase 17,400 shares of the common
    stock par value $.01 per share of our Company pursuant to the following
    terms and conditions:

    l.    The warrant gives you the right to purchase up to 17,400 shares of
          unissued or treasury stock at a price of $7.80 per share. The
          warrant will expire on April 30, 2002.

    2.   You may exercise all or any portion of your warrant at any time and
         from time to time prior to April 30, 2002 by delivering to us (i)
         written notice of your desire to exercise (ii) payment of the warrant.
         price and (iii) this warrant. To the extent you are not exercising this
         warrant in full, we will return to you a new letter setting forth the
         remaining portion of the warrants available to you.

         You may not exercise less than 10 shares at any one time unless the
         total number that you are exercising is the total number that may be
         purchased under the warrant.

   3.    You represent that when you exercise your warrant, you will be
         purchasing shares of stock for your own account and not on behalf of
         others, that you will not then be an Underwriter (as such term is
         defined under the Securities Act of 1933, as amended (the "1933
         Act")) and will be purchasing such stock solely for investment with
         no intention to resell. You understand and acknowledge that federal
         and state securities law govern and restrict your right to offer,
         sell, or otherwise dispose of any shares unless the shares are
         registered under the Securities Act of 1933 as amended and state
         securities laws or, in the opinion of our counsel, such offers,
         sales or other disposition is exempt from registration.

         You agree that you will not offer, sell, or otherwise dispose of any
         shares in any manner which would (i) require us to file any
         registration statement (or similar filing under state laws) with the
         Securities and Exchange Commission or to amend or supplement any such
         filing or (ii) violate or cause us to violate the 1933 Act, the rules
         and registrations promulgated thereunder or any state or federal law.
         You further understand that the

<PAGE>

    Steven W. Lefkowitz
    April 24, 1997
    Page 2

         certificates for the shares you purchase will bear such legends as our
         counsel deems necessary or desirable in connection with the 1933 Act
         or other rules, regulations or laws.

   4.    This warrant is not transferable.

   5.    If there is any change in the outstanding shares of our company by
         reason of a stock dividend or distribution, stock split up,
         recapitalization, combination or exchange of shares or by reason of
         any merger, consolidation, spin-off or other corporate
         reorganization in which we are the surviving corporation, the
         numbers of shares available for issuance in connection with the
         exercise of this warrant and the exercise price shall be equitably
         adjusted. After any such adjustment, the number of shares subject to
         the warrant shall be rounded to the nearest whole number.

    If the above is in accordance with our understanding, please sign one copy
    of this letter in the place provided and return it to me.

                                         Sincerely,

                                         FRANKLIN CREDIT MANAGEMENT CORPORATION

                                         /s/ Thomas Axen

                                         Thomas Axen
                                         President

The above is in accordance
with my understanding;

WADE CAPITAL CORPORATION

By  /s/ Steven W. Lefkowitz
   -----------------------------
Steven W. Lefkowitz, President

<PAGE>

               [FRANKLIN CREDIT MANAGEMENT CORPORATION LETTERHEAD]

                                                             June 21, 2005

VIA HAND DELIVERY

Mr. Steven W. Lefkowitz
53 7th Avenue
Brooklyn, New York 11217

         Re:  Confirmation of Warrant Extension

Dear Steve:

         This is to confirm with you that the expiration date of the 17,400
warrants of common stock (currently 87,000 due to a subsequent reverse split of
the stock) granted to you by Franklin Credit Management Corporation ("Franklin
Credit") on April 24, 1997, was extended in 2001 by Franklin Credit from
April 30, 2002 to April 30, 2006.

                                            Very truly yours,

                                            /s/ Joseph Caiazzo
                                            Joseph Caiazzo
                                            Secretary

ACKNOWLEDGED AND
AGREED TO

/s/ Steven W. Lefkowitz
-----------------------
Steven W. Lefkowitz

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