Document:

ex10_8.htm

     

    Exhibit
      10.8

     

    MASTER
      SUBCONTRACTING AGREEMENT

    

    

    THIS
      AGREEMENT (“Agreement”) made as of February 1, 2005 (hereinafter “Effective
      Date”) by and between Information Systems Associates, Inc. (“Subcontractor”), a
      Florida corporation, which has its principal offices at 2423 SE St. Lucie Blvd,
      Stuart, FL 34996, and Aperture Technologies Inc. (“Aperture”), with its
      principal office at 9 Riverbend Drive South, Stamford, CT
      06907.

    

    RECITALS

    

    Subcontractor
      and APERTURE are both engaged in the field of software and software development.
      At various times, APERTURE may require the assistance of Subcontractor in
      connection with services that APERTURE is performing for its
      customers.

    

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

    

    

    
      	
              1.  

            	
              Scope
                and Term

            

    

    

    Subject
      to the provisions of Section 5 hereof, Subcontractor shall provide, on a non-
      exclusive basis, Services as set forth in various work orders to this Agreement.
      The term of this Agreement shall commence on the Effective Date and shall
      continue for twelve months unless earlier terminated pursuant to Section 10.
      The
      term of this Agreement shall automatically renew upon each anniversary of the
      Effective Date for an additional twelve month term unless either party elects
      not to renew this Agreement by written notice to the other party at least 60
      days prior to such anniversary.

    

    

    
      	
              2.  

            	
              Compensation

            

    

    

    APERTURE
      shall pay Subcontractor for Services rendered base upon the compensation
      structure set forth in the applicable work order, which will set forth the
      description of Services. Subcontractor shall invoice APERTURE for work
      accomplished on a monthly basis and payments will be made by APERTURE to
      Subcontractor within thirty (30) days upon receipt of a properly prepared and
      verifiable invoice.

    

    

    
      	
              3.  

            	
              Invoices

            

    

    

    Subcontractor
      shall submit to APERTURE, periodically, but not less than monthly, an invoice
      in
      a form acceptable to APERTURE, a Statement of Professional Services, addressed
      and sent to:

    Aperture
      Technologies Inc.

    9
      Riverbend Drive South

    Stamford,
      CT 06907

    Attn:
      Accounts Payable

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    
      	
              4.  

            	
              Travel
                and Reimbursables

            

    

    

    APERTURE
      will not reimburse travel and living expenses without specific prior
      authorization by APERTURE when Subcontractor is requested by APERTURE to travel
      in connection with the performance of Services hereunder, the actual reasonable
      cost of such travel and living expenses will be reimbursed. All air travel
      will
      be reimbursed based on actual cost, providing travel was at Coach Class or
      less.
      First Class or Business Class travel are not authorized except where it is
      the
      only class available. All claims for expense reimbursement shall be submitted
      as
      a line item on the aforementioned Statement of Professional Services in Section
      3 above. Records of incurred expenses shall be retained by Subcontractor and
      shall be made available to APERTURE’s auditor at Subcontractor’s office to
      verify incurred expenses.

    

    In
      addition, APERTURE agrees to pay the reasonable out-of-pocket expenses incurred
      by Subcontractor during performance of a Schedule. Any out-of-pocket expenses
      costing more than $100 must not be incurred without the prior approval of
      APERTURE.

    

    
      	
              5.  

            	
              Independent
                Contractor

            

    

    

         
      It is mutually agreed and understood that Subcontractor is an independent
      contractor performing Services under this Agreement and is not to be considered
      an employee of APERTURE nor shall Subcontractor be entitled to any rights,
      benefits or privileges of  APERTURE employees. Subcontractor shall not
      have, nor represent that it has, any right, power or authority to bind APERTURE,
      or to assume or create any obligation or responsibility, express or implied,
      on
      behalf of APERTURE, except as expressly permitted in writing by
      APERTURE.

    

    
      	
              6.  

            	
              Subcontractor
                and APERTURE
                Representatives.

            

    

    

         
      Subcontractor’s representative for this Agreement shall be Joseph P. Coschera,
      or such other individual or individuals as may be from time to time designated
      in writing by Subcontractor to APERTURE. APERTURE’s representative for this
      Agreement shall be ____________, or such other individual or individuals as
      may
      be from time to time designated in writing by APERTURE to Subcontractor. Such
      individual(s) shall not have the authority to waive or modify the terms of
      this
      Agreement.

    

    
      	
              7.  

            	
              Indemnification

            

    

    

    Subcontractor
      shall indemnify APERTURE against all liability and loss in connection with,
      and
      shall assume full responsibility for, payment of all federal, state and local
      taxes or contributions imposed or required under unemployment insurance, social
      security and income tax laws, with respect to performance of work by
      Subcontractor under this Agreement.

    

    
      	
              8.  

            	
              Conflicts
                of Interest

            

    

    

        
      Subcontractor certifies by its signature herein that there is no conflict of
      interest between Subcontractor’s performance of this Agreement and the legal
      obligations to others.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    
      	
              9.  

            	
              Assignments
                and Subcontracting.

            

    

    

        
      Subcontractor shall neither assign nor subcontract the performance of any of
      the
      Services which are to be performed by Subcontractor under this Agreement. Any
      such action shall be void.

    

    
      	
              10.  

            	
              Termination

            

    

    

        
      Either party may terminate this Agreement or any Schedule if the other party
      is
      in material breach or default of any obligation hereunder, which breach or
      default is not cured within fifteen (15) days of written notice from the other
      party. Neither party will stop work on a work order based on an arbitrary
      preference to pursue a more profitable business opportunity.

    

        
      APERTURE may, at its option, require delivery of a report summarizing work
      accomplished at the time of termination. Upon such termination, APERTURE shall
      be liable to Subcontractor only for payment of the value of the Services already
      performed hereunder and in any event, not to exceed the amounts specified in
      the
      applicable work order.

    

    
      	
              11.  

            	
              Applicable
                Law.

            

    

    

    This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State  of New York.

    

    
      	
              12.  

            	
              Notices

            

    

    

    Notices
      and other communications by a party under this Agreement, other than invoices,
      shall be deemed given when received by Certified United States mail, Return
      Receipt Requested, postage pre-paid, addressed as follows:

    

    Subcontractor:  
      Information Systems Associates, Inc.

    2423
      SE St. Lucie Blvd.

    Stuart,
      FL 34996

    Attn.:
      Joseph P. Coschera,
      President

    

    APERTURE:    Aperture
      Technologies Inc.

                                        
      9
      Riverbend Drive South

                                        
      Stamford,
      CT 06907

                                        
      Attn.:
      Diane Mays

    

    
      	
              13.  

            	
              Records
                and Reports

            

    

    

         
      Subcontractor agrees to keep separate written records in reasonable detail
      of
      all work performed pursuant to this Agreement (a daily log indicating start
      and
      stop times applicable to Services hereunder satisfies the aforementioned
      requirement) and all written records and any other data, drawings, prints and
      information of whatsoever form prepared during or evolved from its Services
      for
      APERTURE pursuant to this Agreement.  Such records and reports shall
      be the property of APERTURE and shall be available to APERTURE at all reasonable
      times. APERTURE shall have the right to audit such records and reports and
      the
      right to request further substantiating data where such reports and records
      fail
      to support the billing and invoicing under this Agreement. Further, where such
      audits fail to substantiate the invoicing pursuant to the Agreement,
      Subcontractor shall make appropriate refunds.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    
      	
              14.  

            	
              Confidential
                Data and Disclosures; Restrictive
                Covenant

            

    

    

         
      All information which has been obtained by Subcontractor from APERTURE, others
      not employees of APERTURE, or gathered by Subcontractor (or by others under
      their direction or supervision) in connection with the performance of this
      Agreement or from contact with employees of APERTURE, shall be deemed to be
      confidential information belonging to APERTURE. During the terms of this
      Agreement and thereafter, Subcontractor shall not use or disclose such
      information for any purpose (not permit its use or disclosure by others who
      are
      under Subcontractor supervision or direction) except to the extent necessary
      to
      perform  work pursuant to this Agreement, unless Subcontractor
      demonstrates to the satisfaction of APERTURE that such information was actually
      known to Subcontractor prior this Agreement, or was independently properly
      obtained or evolved by Subcontractor apart from any connection with APERTURE
      or
      its employees,  directly or indirectly, without breach of any
      confidential relationships, or was publicly available. Subcontractor represents
      that it has the full and unrestricted right to disclose any information,
      knowledge and data which it may disclose to APERTURE in the course of
      performance of its Services hereunder, and such disclosure shall be deemed
      to be
      confidential information belonging to Subcontractor.

    

       
      During the term of this Agreement and for a period of two (2) years after the
      termination of non-renewal of this Agreement for any reason, Subcontractor
      shall
      not (i) perform services of any sort for any Customer of APERTURE for whom
      Subcontractor performed services pursuant to this Agreement; (ii) accept
      employment by any Customer of APERTURE for whom Subcontractor performed services
      pursuant this Agreement; (iii) hire any employee of APERTURE; or (iv) solicit,
      raid, entice or induce any employee of APERTURE to become employed by
      Subcontractor or any person, firm, corporation or entity that is in competition
      with APERTURE.

     

    
      	
              15.  

            	
              Documentation
                Rights

            

    

    

    All
      material, documentation and other tangible expression of information including
      but not limited to computer programs, technical programs, sales and marketing
      information either in final production, draft or outline form, which result
      from
      any work which maybe done by Subcontractor pursuant to this Agreement
      (“Documentation”) shall be deemed to be works made for hire and all rights,
      title and interest therein shall belong exclusively to APERTURE. If by operation
      of law any of the Documentation is held not to be works made for hire, then
      Subcontractor agrees that it shall promptly assign all right, title and interest
      therein to APERTURE, including, without limitation, all copyrights thereto.
      Subcontractor agrees to provide any assistance required to permit APERTURE
      to
      obtain, hold and perfect in its own name, copyrights, registrations and other
      proprietary right documentation, and other tangible expression of information
      including but not limited to advertising materials and marketing aids, sales
      aids, sales and technical publications. Documentation which results from any
      work which may be done by Subcontractor pursuant to this Agreement shall remain
      the sole and exclusive property of APERTURE or its nominee without additional
      compensation of whatsoever kind or nature to Subcontractor. This provision
      shall
      apply irrespective of whether Subcontractor shall obtain patent or copyright
      on
      such Documentation, and shall survive termination of this
      Agreement.

    

    Subcontractor
      shall not use any computer program, code or any materials developed by or for
      the Subcontractor independently of this Agreement (“Pre-Existing Materials”) in
      the performances of the services hereunder, except with APERTURE’s prior written
      consent. If any Pre-Existing Materials are used by the Subcontractor for
      performance of a work order without such APERTURE consent, Subcontractor shall
      not retain any rights Subcontractor may have in the Pre-Existing Materials.
      In
      the event that APERTURE provides such consent, Subcontractor shall specify
      on
      the applicable work order the specific Subcontractor Pre-Existing Materials
      that
      Subcontractor anticipates it will need to use in providing the services
      applicable to that work order, and Subcontractor shall retain any and all rights
      Subcontractor may have in its Pre-Existing Materials. Subcontractor hereby
      grants to APERTURE a non-exclusive, perpetual, world-wide, fully paid up license
      to use, reproduce, modify and distribute to its customer the source code version
      of Subcontractor’s Pre-Existing Materials and any derivates thereof, for the
      purposes of performing the specific services for the customer under the
      applicable work order, and the foregoing rights shall also be extended to any
      customer contractors for the purpose of providing services to customer.
      Subcontractor further grants to the customer a non-exclusive, perpetual,
      world-wide, fully paid up license to use, reproduce and distribute to its end
      users the object code version of Subcontractor’s Pre-Existing Materials and
      derivates thereof, as an integrated part of the customer’s software, but not as
      a standalone product, and to further sublicense such rights to the customer’s
      distributors.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    
      	
              16.  

            	
              Inability
                to Perform

            

    

    

    In
      the
      event of acts of God or other unforeseeable circumstances beyond the
      commercially reasonable control of Subcontractor, the Subcontractor is not
      responsible to perform the terms of this Agreement and APERTURE holds the
      Subcontractor harmless for the inability to perform except for the requirements
      of Sections 7,14 and 15.

    

    
      	
              17.  

            	
              Severability

            

    

    

    In
      the
      event of the invalidity of any provisions of this Agreement under any applicable
      law, the parties hereto agree that such invalidity shall not affect the validity
      of the remaining portions of this Agreement, and further agree to substitute
      for
      the invalid provision a valid provision that most closely approximates the
      effect and intent of the invalid provision.

    

    
      	
              18.  

            	
              Intellectual
                Property

            

    

    

    Subcontractor
      warrants that the services and or software to be provided to APERTURE hereunder
      do not infringe upon or violate any U.S. patent, copyright, trace secret, trade
      name or trademark or any other proprietary right of any third party. If any
      claim of infringement is made by any third party against APERTURE or its
      customers (“Indemnified Parties”) arising from use of Subcontractor’s services
      or software, APERTURE agrees to promptly notify Subcontractor and Subcontractor
      shall defend against the claim on behalf of the Indemnified Parties at
      Subcontractor’s expense. Subcontractor shall indemnify and hold the Indemnified
      Parties harmless against any damages, costs, attorney’s fees, expenses, and
      liabilities arising out of any such claim, whether or not the claim is
      successful. Should a service or software being approved by Subcontractor become,
      in Subcontractor’s opinion, the subject of any claim of infringement,
      Subcontractor shall either (a) procure the right for APERTURE to continue
      utilizing such service or software or (b) replace or modify the service or
      software to make it non-infringing, provided that any such replaced or modified
      service or software meets APERTURE’s requirements as set forth in this
      Agreement. In the event Subcontractor is unable to procure such right, or
      replace or modify the infringing services or software, APERTURE may immediately
      terminate this Agreement and Subcontractor shall immediately thereupon refund
      to
      APERTURE the price paid for the affected services or software.

    

    
      	
              19.  

            	
              Limitation
                of Liability

            

    

    

         
      Except for personal injury or willful misconduct, the Subcontractor’s sole
      liability under this Agreement for any claims, losses, damages or expense from
      any cause whatsoever (including acts or omissions of third parties), regardless
      of the form of action, whether in contract, tort, warranty, or otherwise, shall
      not exceed the direct damages actually proven.

    

    NEITHER
      PARTY SHALL BE LIABLE TO THE OTHER FOR SPECIAL, INCIDENTAL OR CONSEQUENTIAL
      DAMAGES EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

     

    
      	
              20.  

            	
              Warranty

            

    

    

         
      Subcontractor warrants that it will perform the services described herein in
      a
      professional and workmanlike manner and in accordance with the terms of each
      work order.

    

        
      EXCEPT AS IS SET FORTH IN SECTIONS 18 AND 19 OF THIS AGREEMENT, NO OTHER
      WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, INCLUDING WARRANTY OF MECHANTABILITY
      OR FITNESS FOR A PARTICULAR PURPOSE, SHALL APPLY.

    

    
      	
              21.  

            	
              Entire
                Agreement

            

    

    

    This
      Agreement (and Exhibit(s)) sets forth the entire and only Agreement between
      APERTURE and Subcontractor relative to the ordering and delivery of Services.
      Any representation, promise or condition, whether oral or written, not
      incorporated herein, shall not be binding upon either party. No waiver,
      modification, amendment, decision or other change to this Agreement shall be
      binding on either party unless made in writing and signed by authorized
      representatives of both parties.

    

    
      	
              22.  

            	
              Acceptance
                and Removal of Assigned
                Personnel.

            

    

    

     APERTURE
      shall have the right to accept or reject personnel assigned by Subcontractor
      to
      perform services under this Agreement. APERTURE reserves the right to request
      immediate removal of assigned personnel. In the event an employee
      of.

    

    
      
         

      

      
        5ex10_4.htm

     

    Exhibit
      10.4

    
       

       

      MORTGAGE

      

      This
        mortgage made this 4th day of
        June, 2003,
        is given by DUANE C. BENNETT hereinafter BORROWER, of Chimney Rock, North
        Carolina to VLADIMIR VDOVICHENKO hereinafter LENDER, of 324 Wells Street,
        Greenfield, Massachusetts to secure the payment of the principal sum of FORTY
        THOUSAND AND 00/100 ($40,000.00) DOLLARS, all as provided in a Note having
        the
        same date as this Mortgage, due and payable on or before June 4, 2008, and
        also
        to secure the performance of all the terms, covenants, agreements, conditions
        and extensions of the Note and this Mortgage.

      

      In
        consideration of the loan made by LENDER to BORROWER and for the purpose
        expressed above, the BORROWER does hereby grant and convey to LENDER, with
        MORTGAGE COVENANTS, the land with the buildings situated thereon and all
        the
        improvements and fixtures now and hereafter a part thereof, being more
        particularly described in Exhibit A attached hereto and made a part thereof
        and
        having a street address of 80 and 84-86 Cochran Street, Chicopee,
        Massachusetts.

      

      BORROWER
        further covenants and agrees that:

      

      1.           No
        superior mortgage or the note secured by it will be modified without the
        written
        consent of LENDER hereunder.

      

      2.           BORROWER
        will pay when due all real estate taxes, betterment assessments and other
        municipal charges, which can become a lien against the mortgage
        premises.

      

      3.           In
        the event that BORROWER fails to carry out the covenants and agreements as
        set
        forth herein, the LENDER may do and pay for whatever action is necessary
        to
        protect the value of and the LENDER’s rights in the mortgaged property and any
        amounts so paid shall be added to the Principal Sum due the LENDER
        hereunder.

      

      4.           As
        additional security hereunder, BORROWER hereby assigns to LENDER, BORROWER’s
        rents and leases from the mortgaged property, and upon default the rents
        may be
        collected by LENDER without the necessity of making entry upon the mortgaged
        premises.

      

      5.           In
        the event that any condition of this Mortgage or any senior mortgage should
        be
        in default for fifteen (15) days, the entire debt shall become immediately
        due
        and payable at the option of the LENDER.  LENDER shall be entitled to
        collect all collection costs and expenses, including reasonable attorney’s fees
        incurred.

      

      6.           In
        the event that the BORROWER transfers ownership in the mortgaged property,
        whether in full or part, the LENDER may at her option declare the entire
        debt
        due and payable.

      

      7.           BORROWER
        shall maintain adequate insurance on the mortgaged property in amounts and
        form
        of coverage acceptable to LENDER and LENDER shall be a named insured as her
        interests may appear.

      

      8.           BORROWER
        shall not commit waste or permit others to commit actual, permissive or
        constructive waste on the mortgaged property.

      

      9.           BORROWER
        shall be entitled to a release of the real estate knows as 80 Cochran Street,
        Chicopee upon the pre-payment of TWENTY-FIVE THOUSAND AND 00/100 ($25,000.00)
        DOLLARS to the LENDER and also shall be entitled to a release of the real
        estate
        known as 84-86 Cochran Street, Chicopee upon the pre-payment of FIFTEEN THOUSAND
        AND 00/100 ($15,000.00) DOLLARS to the LENDER.

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      This
        Mortgage is upon the STATUTORY CONDITION and the other conditions stated
        herein,
        for breach of which LENDER shall have and may invoke the STATUTORY POWER
        OF SALE
        and any other remedies permitted by applicable law.

      

      IN
        WITNESS THEREOF, BORROWER has executed this Mortgage under seal this 4th day of
        June,
        2003.

      

      

      WITNESS

      

      /s/
        Jeffery S.
        Bennett                                                                                     /s/
        Duane C. Bennett

      Jeffery
        S. Bennett,
        Witness                                                                            Duane
        C. Bennett

      

      

      COMMONWEALTH
        OF MASSACHUSETTS

      

      Hampden,
        ss                                                                    June
        4, 2003

      

      Then
        personally appeared to the above-named DUANE C. BENNETT and acknowledged
        the
        foregoing instrument to be his free act and deed, before me

      

      /s/
        Jeffery S.
        Bennett

      Jeffery
        S. Bennett

      Notary
        Public

      My
        Commission Expires:
        05.27.05

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      EXHIBIT
        A

      

      

      Parcel
        I:

      

      The
        land
        in Chicopee, Hampden County, Massachusetts, being known and designated as
        Lot
        #19 (nineteen) as shown on a plan of lots of C.C. Abbey recorded in Hampden
        County Registry of Deeds, Book 474, Page 601 said lot being more particularly
        bounded and described as follows:

      

      

      NORTHERLY                                by
        Cochran Street, fifty-three (53) feet;

      

      
        	
                EASTERLY

              	
                by
                  Lot #21 (twenty-one) as shown on said plan, one hundred twenty
                  (120)
                  feet;

              

      

      

      
        	
                SOUTHERLY

              	
                by
                  Lot #18 (eighteen) as shown on said plan, fifty-three (53) feet;
                  and

              

      

      

      
        	
                WESTERLY

              	
                by
                  Lot #17 (seventeen) as shown on said plan, one hundred twenty (120)
                  feet.

              

      

       

      
        	
                 

              	
                Parcel
                  II:

              

      

      

      
        	
                 

              	
                The
                  land in Chicopee, Hampden County, Massachusetts, described as
                  follows:

              

      

      

      Certain
        real estate situated in that part of Chicopee, Hampden County, Massachusetts,
        known as Chicopee Falls, being known and designated as Lot #21 (twenty-one)
        as
        shown on a plan of lots recorded in Hampden County Registry of Deeds in book
        474, Page 601, said lot being more particularly bounded and described as
        follows:

       

      NOTHERLY                                           by
        Cochran Street, fifty-three (53) feet;

      

      
        	
                EASTERLY

              	
                by
                  Lot #23 (twenty-three) as shown on said plan, one hundred twenty
                  (120)
                  feet;

              

      

      

      
        	
                SOUTHERLY

              	
                by
                  Lot #20 (twenty) as shown on said plan, fifty-three (53) feet;
                  and

              

      

      

      
        	
                WESTERLY

              	
                by
                  Lot #19 (nineteen) as shown on said plan, one hundred twenty (120)
                  feet.

              

      

      

      BEING
        the
        same premises as conveyed to the mortgagor by deed of Vladimir Vdovichenko
        recorded in the Hampden County Registry of Deeds herewith.

       

      
        
           

        

        
          3

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