Document:

SETTLEMENT
      AGREEMENT 

     

    This
      SETTLEMENT
      AGREEMENT (the
      “Agreement”) is made and entered into as of this 15th day of April, 2008, by and
      between Richard P. Sommerfeld, Jr. (“Sommerfeld”), on the one hand, and Airbee
      Wireless, Inc. (“Airbee”), (each a Party and, together, the “Parties”).

     

    RECITALS: 

     

    WHEREAS,
      Sommerfeld
      filed an action against Airbee and others in the Circuit Court for Montgomery
      County, Maryland (the “Court”) entitled Richard
      P. Sommerfeld, Jr. v. Airbee Wireless, Inc.,
      Civil
      Case No. 265130-V, in which Airbee filed certain counterclaims against
      Sommerfeld (the “Action”); 

     

    WHEREAS,
      on
      June 8, 2007, the Court issued an Order that, inter
      alia,
      required Airbee to pay Sommerfeld $183,316.64 in accrued but unpaid salary,
      together with pre-judgment interest on the accrued unpaid salary, calculated
      from the date each payment was due until the date final judgment was entered
      in
      the case; 

     

    WHEREAS,
      on
      July 1, 2007, the Parties entered into a Settlement Agreement (the
“July 2007 Agreement”) pursuant to which they resolved their differences
      without either party admitting any liability or wrongdoing; 

     

    WHEREAS,
      Airbee
      did not perform its obligations under the July 2007 Agreement, and
      accordingly judgment was entered against Airbee on September 26, 2007 in
      the amount of $700,000, plus interest and costs of the Action, such that as
      of
      April 26, 2008, the amount owed on the judgment will be $740,833.33, plus
      costs, with interest continuing to accrue until the judgment is paid in full;
      

     

    WHEREAS,
      Airbee
      has not paid any portion of the judgment entered against it; 

     

    WHEREAS,
      as of
      September 26, 2007, the value of the Court’s June 8, 2007 award to
      Sommerfeld had increased to $211,657.90 due to accretion of prejudgment
      interest; 

     

    WHEREAS,
      as of
      February 29, 2008, Sommerfeld had incurred legal fees, court costs and
      other expenses in the amount of $148,737.21 in the Action and in enforcing
      his
      judgment, such that the total amount owed to Sommerfeld as of March 1, 2008
      (excluding legal fees incurred after February 29, 2008 was $912,078.47); and
      

     

    WHEREAS,
      the
      Parties wish to fully and finally resolve all disputes existing between them.
      

     

    NOW,
      THEREFORE, in
      consideration of the premises and mutual promises herein, the Parties do hereby
      agree as follows: 

     

    
      	
              1.

            	
               

            	
              Entire
                Agreement Between the Parties:
                It
                is specifically understood and agreed that this Agreement sets forth
                and
                constitutes the sole and entire agreement between the Parties, any
                and all
                prior and/or contemporaneous agreements, discussions or understandings
                between the parties pertaining to the subject matter hereof (including,
                but not limited to, the July 2007 Agreement) are superseded by this
                Agreement.

            

    

    

    
      	
              2.

            	
               

            	
              Payments
                by Airbee to Sommerfeld.
                In full and final settlement of all disputes between the parties,
                whether
                known or unknown, and in exchange for the full release set forth
                in
                Paragraph 4 below, the Parties agree that Airbee shall pay Sommerfeld
                a total of Eight Hundred Fifteen Thousand Dollars ($815,000) in the
                following manner:

            

    

    

    
      	
               

            	
              a.

            	
               

            	
              On
                or before April 18, 2008, Airbee shall pay to Sommerfeld the sum of
                Three Hundred Fifty Thousand Dollars ($350,000) via wire transfer
                to the
                Savit & Szymkowicz, LLP Trust Account, Account #70035617, ABA
                #055002707, located within the Sun Trust Bank Wildwood Branch, 10245
                Old
                Georgetown Road, Bethesda, MD 20814, Telephone (301) 493-8635. The
                amount paid shall be deemed to include payment of $183,316.64 in
                salary
                per the June 8, 2007 court order and $148,737.21 in legal fees and
                expenses.

            

    

    

    
      	
               

            	
              b.

            	
               

            	
              On
                or before April 15, 2008, Airbee shall issue to Sommerfeld a
                subordinated secured convertible debenture, substantially in the
                form
                attached hereto as Exhibit
                A,
                in the principal amount of Four Hundred Sixty Five Thousand Dollars
                ($465,000) (the “Subordinated Debenture”). The shares of Airbee’s common
                stock, par value $0.00004 per share (the “Common Stock”), issuable upon
                conversion of the Subordinated Debenture are referred to herein as
                the
                “Conversion Shares.”

            

    

    

    
      	
               

            	
              c.

            	
               

            	
              On
                or before April 15, 2008, Airbee shall issue to Sommerfeld certain
                warrants (the “Warrants”), substantially in the form attached hereto as
                Exhibit B,
                each evidencing the right to purchase an aggregate of 2,841,667 shares
                of
                Common Stock. The purchase price of the Common Stock issuable upon
                exercise of the Warrants (the “Warrant Shares”) shall be as follows:
                1,550,000 of the Warrant Shares shall have a purchase price of $0.10
                per
                share; 775,000 of the Warrant Shares shall have a purchase price
                of $0.20
                per share; and 516,667 of the Warrant Shares shall have a purchase
                price
                of $0.30 per share.

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    
      	
              3.

            	
               

            	
              Termination
                of the Action Upon Payment Under Paragraph 2.
                Immediately upon receipt of the payment described in Paragraph 2(a)
                above,
                and the execution of all documents necessary to convert the outstanding
                judgment balance to the Subordinated Debenture described in Paragraph
                2(b)
                above, Sommerfeld shall:

            

    

    

    
      	
               

            	
              a.

            	
               

            	
              File
                a Line, in the form attached hereto as Exhibit C,
                asking the Court to mark the judgment entered in the Action “Paid and
                Satisfied;”

            

    

    

    
      	
               

            	
              b.

            	
               

            	
              Consent
                to a Joint Motion for Return of Seized Property to be filed by Airbee
                at
                its expense, in the form attached hereto as Exhibit D,
                asking the Court to direct, at the earliest possible time, the Montgomery
                County Sheriff (the “Sheriff”) to permit Airbee to retrieve (at Airbee’s
                expense) all property seized by the Sheriff from Airbee’s offices in
                Rockville, Maryland on February 27,
                2008;

            

    

    

    
      	
               

            	
              c.

            	
               

            	
              After
                the Court has entered the relief requested by the Line referenced
                in
                Paragraph 3(a) and the Consent Motion referenced in Paragraph 3(b),
                file a Stipulation of Dismissal With Prejudice, in the form attached
                hereto as Exhibit E,
                dismissing the Action.

            

    

    

    
      	
               

            	
              d.

            	
               

            	
              File
                a termination statement (or equivalent instrument) with respect to
                each
                financing statement, judgment notice or other instrument filed with
                any
                filing office (including, without limitation the Maryland Secretary
                of
                State, the Delaware Secretary of State, the California Secretary
                of State,
                and any county filing office) where any such financing statement,
                judgment
                notice or other instrument was filed or recorded by Sommerfeld with
                respect to the judgment obtained by him against Airbee, in each case
                terminating such filing, all such filings to be at Airbee’s
                expense.

            

    

    

    
      	
               

            	
              e.

            	
               

            	
              Enter
                into an Intercreditor and Subordination Agreement (the “Intercreditor
                Agreement’), substantially in the form attached hereto as Exhibit F,
                with Airbee and the Senior Creditors (as defined
                therein).

            

    

    

    
      	
              4.

            	
               

            	
              Full
                and Final Releases.
                Upon execution of this Agreement, and for good and valuable consideration,
                the receipt and sufficiency of which is acknowledged by each of the
                Parties:

            

    

    

    
      	
               

            	
              a.

            	
               

            	
              Sommerfeld,
                for himself, and for his heirs, attorneys, legal representatives,
                agents,
                estates, successors in interest and assigns, hereby irrevocably and
                unconditionally releases, acquits and forever discharges Airbee and
                its
                parent companies, subsidiaries, predecessors, successors, attorneys,
                legal
                representatives, insurance carriers, officers, directors, employees,
                servants, shareholders, agents, assigns, affiliates and investors
                from any
                and all claims whatsoever (including, but not limited to, causes
                of
                action, suits, charges, debts, dues, liabilities, sums of money,
                accounts,
                reckonings, bonds, bills, specialties, covenants, contracts, torts,
                controversies, agreements, promises, variances, trespasses, damages,
                requests for costs or attorney’s fees, judgments, obligations, extends,
                executions, actions, rights, claims and demands) in law, admiralty,
                equity
                or federal or state statute of whatever kind and character, which
                Sommerfeld ever had, now has, or may have (including any claim for
                damages
                occurring at any time after the date of this Agreement because of
                alleged
                continuing effects of any alleged acts or omissions involving the
                Parties
                which occurred on or before the date of this Agreement), whether
                such
                claims are known or unknown, by reason of, or arising out of, touching
                upon, or concerning his employment with Airbee or termination therefrom,
                and any and all other matters of whatever kind, nature or description,
                including, but not limited to, any and all claims for breach of contract
                or implied contract, breach of the covenant of good faith and fair
                dealing, inducement of breach, wrongful or unlawful discharge or
                demotion,
                violation of public policy, retaliation, intentional or negligent
                infliction of emotional distress, intentional or negligent
                misrepresentation, tortious denial of contract, interference with
                proprietary interests, failure to pay wages, bonuses, benefits, vacation
                pay, severance pay or other compensation of any sort, defamation,
                unlawful
                efforts to prevent employment, violation of constitutional rights,
                discrimination or harassment on the basis of race, color, sex, sexual
                orientation, national origin, religion, age (including but not limited
                to
                claims arising under the Age Discrimination in Employment Act and
                Older
                Worker Benefit Protection Act, 29 U.S.C. § 621, et
                seq.),
                disability, medical condition or marital status, and/or violation
                of any
                statutes, rules, regulations or ordinances, whether federal, state
                or
                local, including, but not limited to, Title VII of the Civil Rights
                Act of
                1964, the California Fair Employment and Housing Act, and actions
                pursuant
                to any federal, state or local statute, rule, regulation or
                ordinance.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    
      	
               

            	
              b.

            	
               

            	
              Airbee,
                for itself, and for its heirs, attorneys, legal representatives,
                officers,
                directors, employees, servants, shareholders, agents, assigns, affiliates
                and investors, hereby irrevocably and unconditionally releases, acquits
                and forever discharges Sommerfeld and his predecessors, attorneys,
                legal
                representatives, estates, successors in interest, insurance carriers,
                employees, servants, agents, assigns and affiliates from any and
                all
                claims whatsoever (including, but not limited to, causes of action,
                suits,
                charges, debts, dues, liabilities, sums of money, accounts, reckonings,
                bonds, bills, specialties, covenants, contracts, torts, controversies,
                agreements, promises, variances, trespasses, damages, requests for
                costs
                or attorney’s fees, judgments, obligations, extends, executions, actions,
                rights, claims and demands) in law, admiralty, equity or federal
                or state
                statute of whatever kind and character, which Airbee ever had, now
                has, or
                may have (including any claim for damages occurring at any time after
                the
                date of this Agreement because of alleged continuing effects of any
                alleged acts or omissions involving the Parties which occurred on
                or
                before the date of this Agreement), whether such claims are known
                or
                unknown.

            

    

     

    
      
        
          	
                  5.

                	
                   

                	
                  
                    Grant
                      of Security Interest
                      Airbee hereby grants to Sommerfeld a subordinated security
                      interest in and
                      to: (a) all goods of Airbee, including, without limitation,
                      machinery, equipment, furniture, furnishings, fixtures, signs,
                      lights,
                      tools, parts, supplies and motor vehicles of every kind and
                      description,
                      now or hereafter owned by Airbee or in which Airbee may have
                      or may
                      hereafter acquire any interest, and all replacements, additions,
                      accessions, substitutions and proceeds thereof, arising from
                      the sale or
                      disposition thereof, and where applicable, the proceeds of
                      insurance and
                      of any tort claims involving any of the foregoing; (b) all inventory
                      of Airbee, including, but not limited to, all goods, wares,
                      merchandise,
                      parts, supplies, finished products, other tangible personal
                      property,
                      including such inventory as is temporarily out of Airbee’s custody or
                      possession and including any returns upon any accounts or other
                      proceeds,
                      including insurance proceeds, resulting from the sale or disposition
                      of
                      any of the foregoing; (c) all contract rights and general intangibles
                      of Airbee, including, without limitation, goodwill, trademarks,
                      trade
                      styles, trade names, leasehold interests, partnership. limited
                      liability
                      company, or joint venture interests, patents and patent applications,
                      copyrights, deposit accounts whether now owned or hereafter
                      created;
                      (d) all documents, warehouse receipts, instruments and chattel
                      paper
                      of Airbee whether now owned or hereafter created; (e) all accounts
                      and other receivables, instruments or other forms of obligations
                      and
                      rights to payment of Airbee (herein collectively referred to
                      as
                      “Accounts”),
                      together with the proceeds thereof, all goods represented by
                      such Accounts
                      and all such goods that may be returned by Airbee’s customers, and all
                      proceeds of any insurance thereon, and all guarantees, securities
                      and
                      liens which Airbee may hold for the payment of any such Accounts
                      including, without limitation, all rights of stoppage in transit,
                      replevin
                      and reclamation and as an unpaid vendor and/or lienor, all
                      of which Airbee
                      represents and warrants will be bona fide and existing obligations
                      of its
                      respective customers, arising out of the sale of goods by Airbee
                      in the
                      ordinary course of business; (f) to the extent assignable, all of
                      Airbee’s rights under all present and future authorizations, permits,
                      licenses and franchises issued or granted in connection with
                      the
                      operations of any of its facilities; (g) all products and proceeds
                      (including, without limitation, insurance proceeds) from the
                      above-described pledged property (collectively referred to
                      as the
                      “Pledged
                      Property”)
                      in order to secure the repayment of the Subordinated Debenture
                      issued to
                      Sommerfeld pursuant to Section 2(b) of this Agreement (such
                      secured
                      obligations, the “Obligations”).

                  

                
	 	 	
                

        

      

    

    
      	
               

            	
              a.

            	
               

            	
              Subordination
                of Obligations and Liens Under Intercreditor Agreement.
                The Obligations and all liens, security interests and other encumbrances
                of any nature (including judgment liens) granted to Sommerfeld hereunder
                or otherwise held at any time by Sommerfeld in and to the Pledged
                Property
                are subordinated in right and priority of payment to the Senior Debt
                (as
                defined in and provided for pursuant to the Intercreditor Agreement.
                Notwithstanding any provision in this Agreement, the Subordinated
                Debenture or any other document to the contrary, all of Sommerfeld’s
                rights and remedies with respect to the Obligations or any other
                indebtedness owing by Airbee to Sommerfeld are subject in all respect
                to
                the terms of the Intercreditor Agreement. In the event of any conflict
                or
                inconsistency between the terms of this Agreement, the Subordinated
                Debenture or any other agreement or law with respect to issues governed
                by
                the Intercreditor Agreement, the terms of the Intercreditor Agreement
                shall control to the full extent permitted by applicable
                law.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    
      	
               

            	
              b.

            	
               

            	
              Rights;
                Interests; Etc.
                So long as no default shall have occurred and be continuing under
                the
                Subordinated Debenture (an “Event of
                Default”):

            

    

    

    
      	
               

            	
              (i)

            	
               

            	
              Airbee
                shall be entitled to exercise any and all rights pertaining to the
                Pledged
                Property or any part thereof for any purpose not inconsistent with
                the
                terms hereof; and

            

    

    

    
      	
               

            	
              (ii)

            	
               

            	
              Airbee
                shall be entitled to receive and retain any and all payments paid
                or made
                in respect of the Pledged Property.

            

    

    

    
      	
               

            	
              c.

            	
               

            	
              Default
                and Remedies.
                If an Event of Default occurs, then in each such case Sommerfeld
                may
                declare the Obligations to be due and payable immediately, by a notice
                in
                writing to Airbee, and upon any such declaration, the Obligations
                shall
                become immediately due and payable; provided,
                however,
                that the Obligations shall become immediately due and payable without
                the
                requirement of the giving of any notice upon an Event of Default
                occurring
                as the result of Airbee being dissolved or liquidated (or any judgment,
                order or decree therefor shall be entered); or if a creditors’ committee
                shall have been appointed for the business of Airbee; or if Airbee
                shall
                have made a general assignment for the benefit of creditors or shall
                have
                been adjudicated bankrupt and if not an adjudication based on a filing
                by
                Airbee, it shall not have been dismissed within thirty (30) days, or
                shall have filed a voluntary petition in bankruptcy or for reorganization
                or to effect a plan or arrangement with creditors or shall fail to
                pay its
                debts generally as such debts become due in the ordinary course of
                business (except as contested in good faith and for which adequate
                reserves are made in such party’s financial statements); or shall file an
                answer to a creditor’s petition or other petition filed against it,
                admitting the material allegations thereof for an adjudication in
                bankruptcy or for reorganization; or shall have applied for or permitted
                the appointment of a receiver or trustee or custodian for any of
                its
                property or assets; or such receiver, trustee or custodian shall
                have been
                appointed for any of its property or assets (otherwise than upon
                application or consent of Airbee) and shall not have been removed
                within
                thirty (30) days; or if an order shall be entered approving any
                petition for reorganization of Airbee and shall not have been reversed
                or
                dismissed within thirty (30) days; or if Airbee shall take any action
                (corporate or other) authorizing or in furtherance any of the actions
                described above in this subsection.

            

    

    

    
      	
               

            	
              d.

            	
               

            	
              Method
                of Realizing Upon the Pledged Property; Other Remedies.
                Upon the occurrence of an Event of Default, in addition to any rights
                and
                remedies available at law or in equity, the following provisions
                shall
                govern Sommerfeld’s right to realize upon the Pledged
                Property:

            

    

    

    
      	
               

            	
              (i)

            	
               

            	
              Any
                item of the Pledged Property may be sold for cash or other value
                in any
                number of lots at brokers board, public auction or private sale and
                may be
                sold without demand, advertisement or notice, except that Sommerfeld
                shall
                give Airbee ten (10) days’ prior written notice of the time and place
                or of the time after which a private sale may be made (the “Sale
                Notice”),
                which notice period is hereby agreed to be commercially reasonable.
                At any
                sale or sales of the Pledged Property, Airbee may bid for and purchase
                the
                whole or any part of the Pledged Property and, upon compliance with
                the
                terms of such sale, may hold, exploit and dispose of the same without
                further accountability to Sommerfeld. Airbee will execute and deliver,
                or
                cause to be executed and delivered, such instruments, documents,
                assignments, waivers, certificates, and affidavits and supply or
                cause to
                be supplied such further information and take such further action
                as
                Sommerfeld reasonably shall require in connection with any such
                sale.

            

    

    

    
      	
               

            	
              (ii)

            	
               

            	
              Any
                cash being held by Sommerfeld as Pledged Property and all cash proceeds
                received by Sommerfeld in respect of, sale of, collection from, or
                other
                realization upon all or any part of the Pledged Property shall be
                applied
                as follows:

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    
      	
               

            	
              (A)

            	
               

            	
              to
                the payment of the Senior Debt pursuant to the terms of the Intercreditor
                Agreement;

            

    

    

    
      	
               

            	
              (B)

            	
               

            	
              to
                the payment of all amounts due Sommerfeld for the expenses reimbursable
                to
                it hereunder or owed to it pursuant to Section 5.f.
                hereof;

            
	 	 	 	 
	 	(C)	 	to the payment
              of the
              Obligations then due and unpaid; and 

    

     

    
      	
               

            	
              (D)

            	
               

            	
              the
                balance, if any, to the person or persons entitled thereto, including,
                without limitation, Airbee.

            

    

    

    
      	
               

            	
              (iii)

            	
               

            	
              In
                addition to all of the rights and remedies which Sommerfeld may have
                pursuant to this Agreement, Sommerfeld shall have all of the rights
                and
                remedies provided by law, including, without limitation, those under
                the
                Uniform Commercial Code.

            

    

    

    
      	
               

            	
              (iv)

            	
               

            	
              Sommerfeld
                is specifically entitled to file, in his sole discretion, UCC-1 statements
                reflecting this Agreement in any jurisdiction in which Airbee is
                incorporated, the costs of preparing and filing such statements to
                be paid
                by Airbee.

            

    

    

    
      	
               

            	
              e.

            	
               

            	
              Proofs
                of Claim.
                In case of the pendency of any receivership, insolvency, liquidation,
                bankruptcy, reorganization, arrangement, adjustment, composition
                or other
                judicial proceeding relating to Airbee or the property of Airbee,
                subject
                to the Intercreditor Agreement, Sommerfeld (irrespective of whether
                the
                Obligations shall then be due and payable as therein expressed or
                by
                declaration or otherwise and irrespective of whether Sommerfeld shall
                have
                made any demand on Airbee for the payment of the Obligations), subject
                to
                the rights of prior security holders, shall be entitled and empowered,
                by
                intervention in such proceeding or
                otherwise:

            

    

    

    
      	
               

            	
              (i)

            	
               

            	
              to
                file and prove a claim for the whole amount of the Obligations and
                to file
                such other papers or documents as may be necessary or advisable in
                order
                to have the claims of Sommerfeld (including any claim for the reasonable
                legal fees and expenses and other expenses paid or incurred by Sommerfeld
                permitted hereunder and of Sommerfeld allowed in such judicial
                proceeding), and

            

    

    

    
      	
               

            	
              (ii)

            	
               

            	
              to
                collect and receive any monies or other property payable or deliverable
                on
                any such claims and to distribute the same; and any custodian, receiver,
                assignee, trustee, liquidator, sequestrator or other similar official
                in
                any such judicial proceeding is hereby authorized by Sommerfeld to
                make
                such payments to Sommerfeld and, in the event that Sommerfeld shall
                consent to the making of such payments directed to Sommerfeld, to
                pay to
                Sommerfeld any amounts for expenses due it
                hereunder.

            

    

    

    
      	
               

            	
              f.

            	
               

            	
              Expenses.
                In the event of an Event of Default, and subject to the Intercreditor
                Agreement, including, but in no way limited to, Section 7.2(j)(b)(B)
                of the Intercreditor Agreement, Airbee will pay to Sommerfeld the
                amount
                of any and all reasonable expenses, including the reasonable fees
                and
                expenses of its counsel, which Sommerfeld may incur in connection
                with:
                (i) the custody or preservation of, or the sale, collection from, or
                other realization upon, any of the Pledged Property; (ii) the
                exercise or enforcement of any of the rights of Sommerfeld hereunder
                or
                (iii) the failure by Airbee to perform or observe any of the
                provisions hereof.

            

    

    

    
      	
               

            	
              g.

            	
               

            	
              Continuing
                Security Interest.
                This Section 5 shall create a continuing security interest in the
                Pledged Property and shall: (i) remain in full force and effect until
                payment in full of the Obligations or conversion of the Subordinated
                Debenture; and (ii) be binding upon Airbee and its successors and
                heirs and (iii) inure to the benefit of Sommerfeld. Upon the payment
                or satisfaction in full of the Obligations or conversion of the
                Convertible Debenture, Airbee shall be entitled to the return, at
                its
                expense, of such of the Pledged Property as shall not have been sold
                in
                accordance with Section 5.d. hereof or otherwise applied pursuant to
                the terms hereof.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    
      	
              6.

            	
               

            	
              Representations
                and Warranties of Airbee.
                Airbee hereby represents and warrants to Sommerfeld
                that:

            

    

    

    
      	
               

            	
              a.

            	
               

            	
              Authorization.
                Airbee has the requisite corporate power and authority to execute
                this
                Agreement and perform its obligations hereunder. All corporate action
                on
                the part of Airbee necessary for the authorization, execution and
                delivery
                of this Agreement, the performance of Airbee hereunder and the
                authorization, issuance and delivery of the Subordinated Debenture
                and the
                Warrants has been taken or will be taken, and each of this Agreement,
                the
                Subordinated Debenture and Warrants when executed and delivered by
                Airbee,
                shall constitute valid and legally binding obligations of the Company,
                enforceable in accordance with their respective terms, except (a) as
                limited by applicable bankruptcy, insolvency, reorganization, moratorium,
                fraudulent conveyance, and other laws of general application affecting
                enforcement of creditors’ rights generally and (b) as limited by laws
                relating to the availability of specific performance, injunctive
                relief,
                or other equitable remedies.

            

    

    

    
      	
               

            	
              b.

            	
               

            	
              Valid
                Issuance of the Securities.
                The Subordinated Debenture and Warrants that are being issued to
                Sommerfeld hereunder, when issued and delivered in accordance with
                the
                terms of this Agreement for the consideration expressed herein, will
                be
                duly and validly issued and fully paid and non-assessable, will be
                free of
                restrictions on transfer other than restrictions on transfer under
                this
                Agreement and applicable state and federal securities laws and will
                be
                issued in compliance with applicable state and federal securities
                laws.
                The Conversion Shares and the Warrant Shares to be issued and delivered
                upon conversion of the Subordinated Debenture or upon exercise of
                the
                Warrants, in accordance with the terms thereof for the consideration
                expressed therein, will be duly and validly issued, fully paid and
                non-assessable, will be free of restrictions on transfer other than
                restrictions on transfer under this Agreement and applicable state
                and
                federal securities laws and will be issued in compliance with applicable
                state and federal securities laws. Airbee (i) has duly and validly
                authorized and reserved for issuance shares of Common Stock, which
                is a
                number sufficient for the Conversion Shares and the Warrant Shares
                and
                (ii) at all times from and after the date hereof shall have a
                sufficient number of shares of Common Stock duly and validly authorized
                and reserved for issuance to satisfy the issuance of the Conversion
                Shares
                and Warrant Shares in full. The Debentures, Warrants, Conversion
                Shares
                and Warrant Shares are collectively referred to herein as the
                “Securities.”

            
	 	 	 	 
	 	c.	 	Private
              Placement.
              Assuming the accuracy of Sommerfeld’s representations and warranties set
              forth in Section 7 hereof, no registration under the Securities Act
              of 1933, as amended (the “Securities Act”), is required for the offer and
              issuance of the Securities by Airbee to Sommerfeld as contemplated
              hereby.

    

     

    
      	
               

            	
              d.

            	
               

            	
              No
                Conflicts.
                The execution and delivery of this Agreement and the consummation
                of the
                transactions herein contemplated will not conflict with or result
                in a
                breach of any of the terms or provisions of, or constitute a default
                under, any indenture, mortgage, deed of trust or other agreement
                or
                instrument to which Airbee is a party or by which Airbee or any of
                its
                respective properties is bound, or of the articles of incorporation
                or
                by-laws of Airbee or any law, order, rule or regulation, judgment,
                writ or
                decree applicable to Airbee of any court or of any government, regulatory
                body or administrative agency or other governmental body having
                jurisdiction.

            

    

    

    
      	
               

            	
              e.

            	
               

            	
              Absence
                of Litigation.
                There is no action, suit, claim, investigation, inquiry or proceeding
                pending against Airbee before any court or administrative agency
                or
                otherwise, which if determined adversely to Airbee would prevent
                the
                consummation of the transactions contemplated
                hereby.

            

    

    

    
      	
               

            	
              f.

            	
               

            	
              No
                Assignment or Subrogation of Rights.
                Airbee has not assigned or subrogated any of said rights, claims
                and
                causes of action referenced in Section 4(b) above, or authorized
                any other
                person or entity to assert such a claim or claims on its behalf,
                and
                agrees to indemnify and hold Sommerfeld harmless against and from
                any and
                all liability, damages, awards, costs and expenses of any kind whatsoever,
                by reason of, or arising out of, touching upon, or concerning the
                assignment of said rights, claims and/or causes of
                action.

            

    

    

    
      	
              7.

            	
               

            	
              Representations
                and Warranties of Sommerfeld.
                Sommerfeld hereby represents and warrants to Airbee
                that:

            

    

    

    
      	
               

            	
              a.

            	
               

            	
              Authorization.
                Sommerfeld has full power and authority to enter into this Agreement.
                Each
                of the Agreement, the Debentures and Warrants, when executed and
                delivered
                by Sommerfeld, will constitute valid and legally binding obligations
                of
                Sommerfeld, enforceable in accordance with its terms, except (a) as
                limited by applicable bankruptcy, insolvency, reorganization, moratorium,
                and other laws of general application affecting enforcement of creditors’
                rights generally and (b) as limited by laws relating to the
                availability of a specific performance, injunctive relief, or other
                equitable remedies.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    
      	
               

            	
              b.

            	
               

            	
              Purchase
                Entirely for Own Account.
                This Agreement is made with Sommerfeld in reliance upon Sommerfeld’s
                representation to Airbee, which by Sommerfeld’s execution of this
                Agreement, Sommerfeld hereby confirms, that the Subordinated Debenture
                and
                Warrants to be acquired by Sommerfeld hereunder, and the Conversion
                Shares
                and Warrant Shares to be issued to Sommerfeld upon conversion of
                the
                Subordinated Debenture or upon exercise of the Warrants, will be
                acquired
                for investment for Sommerfeld’s own account, not as a nominee or agent,
                and not with a view to the resale or distribution of any part thereof,
                and
                that Sommerfeld has no present intention of selling, granting any
                participation in, or otherwise distributing the same. By executing
                this
                Agreement, Sommerfeld further represents that Sommerfeld does not
                presently have any contract, undertaking, agreement or arrangement
                with
                any person to sell, transfer or grant participations to such person
                or to
                any third person, with respect to the Subordinated
                Debenture.

            

    

    

    
      	
               

            	
              c.

            	
               

            	
              Disclosure
                of Information.
                Sommerfeld believes he has received all the information he considers
                necessary or appropriate for deciding whether to acquire the Subordinated
                Debenture and Warrants. Sommerfeld further represents that he has
                had an
                opportunity to ask questions and receive answers from Airbee regarding
                the
                terms and conditions of the offering of the Subordinated Debenture
                and
                Warrants and the business, properties, prospects and financial condition
                of Airbee.

            

    

    

    
      	
               

            	
              d.

            	
               

            	
              Investment
                Experience; Independent Counsel.
                Sommerfeld acknowledges that he can bear the economic risk of his
                investment, and has such knowledge and experience in financial or
                business
                matters that it is capable of evaluating the merits and risks of
                the
                investment in the Subordinated Debenture and Warrants. Sommerfeld
                is
                represented by his own legal counsel in connection with this Agreement,
                the related agreements and the transactions contemplated hereby,
                and has
                not been represented by, or been provided with any legal advice of
                Airbee’s counsel in connection
                herewith.

            

    

    

    
      	
               

            	
              e.

            	
               

            	
              Accredited
                Investor.
                Sommerfeld is an “accredited investor” within the meaning of Rule 501
                of Regulation D under the Securities
                Act.

            

    

    

    
      	
               

            	
              f.

            	
               

            	
              Restricted
                Securities.
                Sommerfeld understands that the Securities have not been, and will
                not be,
                registered under the Securities Act, by reason of a specific exemption
                from the registration provisions of the Securities Act which depends
                upon,
                among other things, the bona fide nature of the investment intent
                and the
                accuracy of Sommerfeld’s representations as expressed herein. Sommerfeld
                understands that the Securities are “restricted securities” under
                applicable United States federal and state securities laws and that,
                pursuant to these laws, Sommerfeld must hold the Securities indefinitely
                unless they are registered with the Securities and Exchange Commission
                and
                qualified by state authorities, or an exemption from such registration
                and
                qualification requirements is available. Sommerfeld acknowledges
                that
                Airbee has no obligation to register or qualify the Securities for
                resale.
                Sommerfeld further acknowledges that if an exemption from registration
                or
                qualification is available, it may be conditioned on various requirements
                including, but not limited to, the time and manner of sale, the holding
                period for the applicable Securities, and on requirements relating
                to
                Airbee which are outside of Sommerfeld’s control, and which Airbee is
                under no obligation and may not be able to
                satisfy.

            

    

    

    
      	
               

            	
              g.

            	
               

            	
              Further
                Limitations on Disposition.
                Without in any way limiting the representations set forth above,
                Sommerfeld further agrees not to make any disposition of all or any
                portion of the Securities, unless and until the transferee has agreed
                in
                writing for the benefit of Airbee to be bound by this Section 7,
                provided and to the extent this Section 7(g) is then applicable,
                and:

            

    

    

    
      	
               

            	
              (i)

            	
               

            	
              There
                is then in effect a registration statement under the Securities Act
                covering such proposed disposition and such disposition is made in
                accordance with such registration statement;
                or

            

    

    

    
      	
               

            	
              (ii)

            	
               

            	
              Sommerfeld
                shall have notified Airbee of the proposed disposition and shall
                have
                furnished Airbee with a detailed statement of the circumstances
                surrounding the proposed disposition, and (ii) if reasonably
                requested by Airbee, Sommerfeld shall have furnished Airbee with
                an
                opinion of counsel, reasonably satisfactory to Airbee that such
                disposition will not require registration of such shares under the
                Securities Act.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    
      	
               

            	
              h.

            	
               

            	
              Legends.
                Sommerfeld understands that the Securities may bear one or all of
                the
                following legends:

            

    

    

    
      	
               

            	
              (i)

            	
               

            	
              “THE
                SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
                SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER THE
                SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO
                RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED
                OR
                RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND APPLICABLE
                STATE
                SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.
                HOLDERS
                SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS
                OF
                THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE ISSUER OF THESE
                SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE
                REASONABLY SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED
                TRANSFER OR RESALE IS IN COMPLIANCE WITH THE SECURITIES ACT AND ANY
                APPLICABLE STATE SECURITIES LAWS.”

            

    

    

    
      	
               

            	
              (ii)

            	
               

            	
              Any
                legend required by the Blue Sky laws of any state to the extent such
                laws
                are applicable to the shares represented by the certificate so
                legended.

            

    

    

    
      	
               

            	
              f.

            	
               

            	
              No
                Assignment or Subrogation of Rights.
                Sommerfeld
                has not assigned or subrogated any of said rights, claims and causes
                of
                action referenced in Section 4(a)
                above, or authorized any other person or entity to assert such a
                claim or
                claims on his
                behalf, and agrees to indemnify and hold Airbee
                harmless against and from any and all liability, damages, awards,
                costs
                and expenses of any kind whatsoever, by reason of, or arising out
                of,
                touching upon, or concerning the assignment of said rights, claims
                and/or
                causes of action.

            

    

     

    8. Tax
      Matters. 

     

    
      	
               

            	
              a.

            	
               

            	
              Notwithstanding
                anything in this Agreement to the contrary, the Parties acknowledge
                and
                agree to treat the payments described in Section 2 of this Agreement
                as follows for federal and state income tax purposes: (i) $183,316.64
                of
                the payment as salary; (ii) $17,946.15 of the payment as interest;
                and (iii) $148,737.21 as legal fees and
                expenses.

            

    

    

    
      	
               

            	
              b.

            	
               

            	
              The
                portion of the payments treated as salary (i) shall be deemed paid
                from the cash portion of the payment described in Section 2(a), and
                (ii) will be reported for federal and state income and employment tax
                purposes as compensation income to Sommerfeld on Form W-2 and VA-2.
                By
                execution of this Agreement, Sommerfeld hereby authorizes Airbee
                to deduct
                and withhold from the salary portion of the payment all legally required
                payroll withholdings and deductions upon such amount, including federal
                and state income taxes and the employee’s share of FICA and Medicare.
                Sommerfeld acknowledges and agrees that he will only receive the
                net
                amount of such salary, after withholding, on the applicable payment
                date
                but that the gross amount of such salary shall be deemed paid to
                Sommerfeld pursuant to this
                Agreement.

            

    

    

    
      	
               

            	
              c.

            	
               

            	
              Sommerfeld
                shall provide Airbee with all information required from time to time
                to
                perform tax reporting on IRS Form W-2, VA-2 and/or 1099 on or prior
                to the
                applicable payment date.

            

    

    

    
      	
               

            	
              d.

            	
               

            	
              Sommerfeld
                shall indemnify and hold harmless Airbee, and its officers, directors,
                former officers, former directors, legal predecessors, successors,
                assigns, and those who at any time purport for any reason to be acting
                in
                association with them or on their behalf, from and against any liability
                paid or incurred as a result of any federal, state or local income
                and
                employment reporting and withholding tax obligations related in any
                way to
                the payments made to Sommerfeld pursuant to Section 2 of this
                Agreement, including, without limitation, interest, penalties, attorneys’
                fees and other out of pocket costs.

            

    

    

    
      	
              9.

            	
               

            	
              Notices
                of Certain Events.
                Airbee shall promptly provided written notice to Sommerfeld, if either
                Airbee’s Chief Executive Officer or Chief Financial Officer obtains actual
                knowledge (without any duty of diligence or investigation being implied)
                of the occurrence or existence of any of the following: (i) an
                increase in the principal amount of, acceleration of the obligations
                under
                or extension of the maturity date of, the Senior Debt (as that term
                is
                defined in the Intercreditor Agreement; (ii) an event of default
                under the Senior Debt for which the Senior Creditors (as that term
                is
                defined in the Intercreditor Agreement) deliver a notice of default
                to
                Airbee; and (iii) any waivers, forbearances or other agreements with
                the Senior Creditors relating to any events of default as to which
                the
                Senior Creditors have previously provided Airbee with written notice
                of.

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    
      	
              10.

            	
               

            	
              Miscellaneous.
                Within 10 days following execution of this agreement, Airbee will, at
                its expense, file a consent motion, substantially in the form attached
                hereto as Exhibit
                G,
                asking the Court to place under seal the copy of Airbee’s answers to
                Sommerfeld’s interrogatories in aid of execution that was filed with
                Airbee’s January 2, 2008 motion to compel
                discovery.

            

    

    

    
      	
               

            	
               

            	
               

            	
               

            	
               

            
	
              11.
                

            	
               

            	
              Severability.

            	
               

            	
              If
                at any time after the full execution of this Agreement,
                any provision of this Agreement shall be
                held by any court or other forum of competent jurisdiction
                to be illegal, void, or unenforceable,
                such provision shall be of no force and
                effect. The illegality or unenforceability of such
                provision, however, shall have no effect upon,
                and shall not impair the enforceability of, any
                other provision of this Agreement.

            
	12.	 	Choice
              of Law.
              The
              terms of this agreement and all rights and obligations of
              the parties hereto, including its enforcement, shall be interpreted
and
              governed by the laws of the State of Maryland, without regard to conflicts
              of law principles.
	
              13.
                

            	
               

            	
              Forum.

            	
               

            	
              Any
                action brought pursuant to this agreement, or in
                any way related thereto, shall be brought in a court
                of competent jurisdiction in the State of Maryland.
                The Parties expressly consent to personal
                jurisdiction in the State of Maryland in any
                such proceedings.

            

    

    

    
      	
              14.

            	
               

            	
              Attorney
                Fees to Prevailing Party in Dispute Regarding
                Agreement.
                In the event that a dispute arises between the Parties under this
                Agreement, the prevailing Party shall be entitled, in addition to
                any
                other relief obtained, to recover his/its costs, including reasonable
                attorney’s fees.

            

    

    

    
      	
               

            	
               

            	
               

            	
               

            	
               

            
	
              15.

            	
               

            	
              
                Modification
                  of Agreement.No
                  provision of this agreement may be modified, altered, waived or
                  discharged
                  unless such modification, alteration, waiver or discharge is agreed
                  to in
                  writing and signed by the parties hereto. No waiver by either party
                  hereto
                  of any condition or provision of this agreement to be performed
                  by such
                  other party shall be deemed a waiver of similar or dissimilar provisions
                  or conditions at the same or at any prior or subsequent
                  time.

              

            
	
              16.

            	
               

            	
              
                
                  Headings.
                    The
                    headings of the sections contained in this agreement are for
                    convenience
                    only and shall not be deemed to control or affect the meaning
                    or
                    construction of any provision of this
                    agreement.

                

              

            
	
              17.

            	
               

            	
              
                Continuing
                  Obligations.Each
                  Party acknowledges that the terms of this Agreement shall survive
                  the
                  execution of the Agreement and the provision of payments specified
                  herein.

              

            
	
              18.
                

            	
               

            	
              Counterparts.

               

            	
               

            	
              
                This
                  Agreement may be executed simultaneously in two (2) or more
                  counterparts, each of which shall be deemed an original and all
                  of which
                  together shall constitute but one and the same instrument. For
                  purposes of
                  this Agreement, facsimile signatures are valid and have the same
                  force and
                  effect as original
                  signatures.

              

            

    

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    
      	
              19.           

            	
               

            	
              Acknowledgments. 

            	
               

            	
              The
                Parties acknowledge that:

            
	
               

            	
               

            	
               
                

            	
               

            	 

    

    

    
      	
               

            	
              a.

            	
               

            	
              No
                promises or inducements have been made to them except as expressly
                set
                forth in this agreement;

            

    

    

    
      	
               

            	
              b.

            	
               

            	
              No
                Party is relying upon any promises, inducements, representations
                or
                statements not expressly set forth in this
                agreement;

            

    

    

    
      	
               

            	
              c.

            	
               

            	
              All
                Parties have had the opportunity adequately to review and consider
                the
                terms and provisions of this
                Agreement;

            

    

    

    
      	
               

            	
              d.

            	
               

            	
              Each
                Party has consulted with an attorney of his or its own choosing prior
                to
                executing this Agreement;

            

    

    

    
      	
               

            	
              e.

            	
               

            	
              All
                Parties have carefully read this Agreement in its entirety and fully
                understand the significance of all of the terms and
                provisions;

            

    

    

    
      	
               

            	
              f.

            	
               

            	
              The
                Agreement was drafted by attorneys for both Parties, and thus language
                contained herein shall not be construed against either Party;
                and

            

    

    

    
      	
               

            	
              g.

            	
               

            	
              All
                Parties are signing this Agreement voluntarily and of it or their
                own free
                will and each assents to all the terms and conditions contained
                herein.

            

    

    

    
      	
              20.

            	
               

            	
              No
                Admission of Liability.
                This Agreement does not constitute an admission of any kind by Airbee
                or
                Sommerfeld. The Parties hereto desire to resolve their disputes in
                an
                amicable fashion and have entered into this Agreement with the desire
                to
                forever resolve between them those matters described in this
                Agreement.

            

    

    

    
      	
              21.

            	
               

            	
              Time
                Is of the Essence.
                Time
                is of the essence with respect to the obligations set forth in this
                agreement.

            

    

    

    
      	
               

            	
               

            	
               

            
	
              22. 

            	
               

            	
              Notices.
                Any
                notice required to be sent under this Agreement 

              shall
                be given in writing, as follows:

            
	
               

            	
               

            	
              To
                Airbee:

            
	
               

            	
               

            	
              Airbee
                Wireless, Inc.

              9400
                Key West Avenue

              Rockville,
                Maryland 20850

            

    

     

    Attention:
      E. Eugene Sharer, President 

     

    Facsimile:
      (301) 57-1861 

     

    with
      a
      copy to: 

     

    Stradling
      Yocca Carlson & Rauth 

     

    1600
      Newport Center Drive, Suite 1600 

     

    Newport
      Beach, California 92660 

     

    Attention:
      Shivbir S. Grewal, Esq. 

     

    Telephone:
      (949) 725-4123 

     

    Facsimile:
      (949) 725-4100 

     

    To
      Sommerfeld: 

     

    Richard
      P. Sommerfeld, Jr. 

     

    115
      S.
      Oak Street 

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    Falls
      Church, Virginia 22046 

     

    with
      a
      copy to: 

     

    Savit
      & Szymkowicz, LLP 

     

    7315
      Wisconsin Avenue 

     

    Suite 601N
      

     

    Bethesda,
      Maryland 20814 

     

    Attention:
      Diana M. Savit, Esq. 

     

    Telephone:
      (301) 951-9191 

     

    Facsimile:
      (301) 718-7788 

     

    The
      contact information provided herein for each party shall be presumed accurate
      unless new or different information is provided in writing to the other party
      at
      the address provided in this paragraph. 

        

    The
      notice provision in this paragraph will not, however, apply to any court
      filings, which will be served in accordance with the applicable Rules of Civil
      Procedure. 

     

    [Signature
      Page Follows] 

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, intending
      to be legally bound, the Parties have executed this settlement agreement.

     

     

    RICHARD
      P. SOMMERFELD, JR. 

     

    By:
      /s/Richard
      P. Sommerfeld, Jr. 

    Name:
      Richard P. Sommerfeld, Jr. 

     

     

    AIRBEE
      WIRELESS, INC. 

     

    By:
      /s/
      E.
      Eugene Sharer

    Name:
      E.
      Eugene Sharer

    Title:
      President

     

    
      
        
        

      

      
        12Exhibit
      10.18

     

    [CONFIDENTIAL
      TREATMENT HAS BEEN REQUESTED AS TO CERTAIN PORTIONS OF THIS DOCUMENT. EACH
      SUCH
      PORTION WHICH HAS BEEN OMITTED HEREIN AND REPLACED WITH AN ASTERISK [***] HAS
      BEEN FILED SEPARATELYWITH THE SECURITIES AND EXCHANGE
      COMMISSION.]

    

    AMENDMENT
      NO.
      1
      TO
      SOFTWARE LICENSE AND
      SERVICES
      AGREEMENT 

     

    THIS
      AMENDMENT NO. 1
      TO
      SOFTWARE LICENSE AND SERVICES AGREEMENT (the
      “Amendment”)
      is
      entered as of this 14th
      day
      of
      January 2008 (the “Effective
      Date”), 

    BETWEEN:
      

     

    PLUS
      44
      HOLDINGS
      INC., 
      a
      corporation incorporated pursuant to the laws of the Republic of Panama,
with
      offices
      at Edificio ADR,
      Piso
      13,
      Avenida
      Samuel Lewis y
      Calle
      58,
      Obarrio,
      Panama City,
      Republic
      of Panama (“PLUS 44”)
      

    

    -
      and -

    

    CUCHULAINN
      HOLDINGS,
      INC.
      a corporation
      incorporated pursuant to the laws of the Republic of Panama, with offices at
      Casa 9, Calle 5, Villa Zaita, Las Cumbres, Republic of Panama (“LICENSEE”)
      

    Plus
      44
      and Licensee are each a “party”
      and
      may
      collectively be referred to as the “parties”. 

     

    1.
      Background
      

     

    1.1
      WHEREAS, the
      parties entered into a SOFTWARE
      LICENSE AND
      SERVICES
      AGREEMENT,
      dated
      as
      of November 3, 2007 (the
      "Agreement");
      and
      

     

    1.2
      WHEREAS,
      the
      parties contemplated that the "Go-Live
      Date" under
      the
      Agreement would occur during the third calendar quarter of 2008; and
      

     

    1.3
      WHEREAS,
      LICENSEE,
      upon the advice of
      its
      financial advisors and shareholders, desires, that, in order to facilitate
      its
      raising
      of capital and for competitive reasons, the Go-Live Date be advanced to occur
      during the second calendar quarter of 2008;
      and
      

     

    1.4
      WHEREAS,
      PLUS
      44
      is
      willing to take such measures as are reasonable to cause the Go-Live
      Date
      to occur during the second calendar quarter of 2008, in exchange for a payment
      by LICENSEE
      to
      PLUS
44
      in
      the
      amount of [***], representing its fees and costs therefore, 

     

    NOW
      THEREFORE,
      in
      consideration of the mutual promises and covenants set forth herein, the
      sufficiency of which is hereby acknowledged, PLUS
      44
      and
      the
      LICENSEE agree as follows: 

     

    2.
      Go-Live
      Date 

     

    Plus
      44
      shall take such reasonable measures as are in its judgment required to cause
      the
"Go-Live Date" to occur during the second
      calendar quarter of 2008. Because of the possibilities, among others, that
      technical difficulties may supervene or that the software that is developed
      may
      not be competitive with software developed by third parties, Plus 44 does not
      guarantee that the Go-Live Date will so occur. 

     

    3.
      Fee

     

    LICENSEE
      shall pay a fee to Plus 44 or its designee in the amount of [***], which shall
      be in addition to all other amounts
      payable by
      it
      under
      the Agreement, upon the signing of this Amendment. 

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    [CONFIDENTIAL
      TREATMENT HAS BEEN REQUESTED AS TO CERTAIN PORTIONS OF THIS DOCUMENT. EACH
      SUCH
      PORTION WHICH HAS BEEN OMITTED HEREIN AND REPLACED WITH AN ASTERISK [***] HAS
      BEEN FILED SEPARATELYWITH THE SECURITIES AND EXCHANGE
      COMMISSION.]

     

    3.
      General Provisions

     

    3.1
      The provisions of sections 2 and 3 shall supersede all conflicting provisions
      of
      the Agreement.
      

     

    3.2
      Modification;
      Full Force and
      Effect.
      Except as expressly modified and superseded by this Amendment,
      the terms, representations, warranties, covenants and other provisions of the
      Agreement
      are and shall continue to be in full force and effect in accordance with their
      respective terms. 

     

    3.3
      References to the Agreement. After the date hereof, all references to
      the Agreement shall refer
      to
      the Agreement as amended by this Amendment. 

     

    IN
      WITNESS
      WHEREOF, the
      parties have executed this Agreement on the date first written. 

     

    
      	 	 	 
	 	PLUS
44
              HOLDINGS
              INC.
              
	 
 	 
 	 
 
	 	Per: 	/s/ Juan
              Montes                                 
              
	 	Name:  	 Juan
              Montes
	 	Title: 	 President

    

    
       

      
        	 	 	 
	 	CUCHULAINN HOLDINGS,
                INC.
                
	 
 	 
 	 
 
	 	Per: 	/s/ Juan
                Montes                                 
                
	 	Name:  	 Juan
                Montes
	 	Title: 	 President

      

       

       

      
        
          
          

        

        
          2

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