Document:

exv10w26

 

Exhibit 10.26

Master Consulting Agreement

THIS MASTER CONSULTING AGREEMENT (“Agreement”) made this 6th day of October, 2006
(the “Effective Date”), which agreement supersedes all prior agreements between the parties hereto,
is between enherent Corp., a Delaware corporation, having its principal place of business at 192
Lexington Avenue, New York, New York 10016, (hereinafter referred to as the “Company”), and The
Wedgewood Group, LLC, a Connecticut corporation, having a place of business at 43 Sequin Street,
Newington, CT 06111 (hereinafter referred to as the “Consulting Firm”).

	1.	 	Agency
	 
	 	 	Consulting Firm shall provide services as set forth in the Task Order attached hereto as
Exhibit A to Company.
	 
	2.	 	Contract Price and Invoicing
	 
	2.1	 	Company shall pay Consulting Firm a fee as set forth in said Task Order or any other rate to
which the parties from time to time agree in writing.
	 
	2.2	 	Consulting Firm shall submit monthly invoices on the last day of each month on its own
letterhead or form for services performed by its employees, agents, or subcontractors
(hereinafter collectively referred to as “Consultants”). Consulting Firm shall submit
Client’s signed time sheets on a weekly basis with such invoices as a prerequisite for payment
of invoice. Payment for services and reimbursement for expenses shall be made thirty (30) days
following receipt and processing of invoices, provided that they are properly submitted by
Consulting Firm in a prompt and timely manner. In the event Consulting Firm fails to invoice
Company for any charges for a period of ninety (90) days after the expiration of the
applicable billing period, then Company shall not be obligated to pay the charges attributable
to Consulting Firm’s failure to invoice within said ninety (90) day period.
	 
	2.3	 	Consulting Firm will be responsible for its Consultants’ travel and business expenses.
	 
	3.	 	Independent Contractor Status
	 
	3.1	 	Consulting Firm represents that neither it nor its Consultants are employees of Company or
Client and they are not entitled to any fringe benefits or employment rights from Company or
Client. Consulting Firm alone shall be responsible for any of its Consultants’ fringe
benefits including, but not limited to, vacation, sick leave and holidays, health liability
insurance, and for paying any payroll-related taxes or contributions required by law.
	 
	3.2	 	Consulting Firm represents that its Consultants have the necessary expertise to do the tasks
as listed in the Task Order(s) and that, therefore, they do not need to be trained or
supervised by Company or its representatives. Neither Consulting Firm nor its Consultants has
the right or ability to bind Company to any obligations with a third party without Company’s
express written permission.
	 
	3.3	 	Consulting Firm reserves the right to provide services through other brokers or directly to
other clients simultaneously with this Agreement, providing such services are not in conflict
with Paragraph 8 hereinafter.
	 
	4.	 	Liability
	 
	4.1	 	Consulting Firm alone has the responsibility and shall withhold from its employees’ salaries
or pay, as the case may be, and, as required by law, all contributions and taxes for all
applicable federal, state, and local employment taxes, social security, disability, workers’
compensation, unemployment, disability benefits, and the like.
	 
	4.2	 	In the event that the Internal Revenue Service, or any state or local government agency or
any other applicable entity, determines that any Consultant of Consulting Firm is an employee
of Company or Client for the purpose of any tax liability, or liability for any other
statutory payment, Consulting Firm agrees to indemnify Company and its officers and directors
from any liability arising thereon and releases them from all liabilities, costs, and expenses
(including, but not limited to, attorneys’ fees) associated with the defense of such claim(s).

 

 

	5.	 	Consulting Firm’s Representations
	 
	5.1	 	Consulting Firm represents and warrants that its Consultants have the expertise to provide
services hereunder required for completion of the project without supervision and in
accordance with the standards of good professional practice. Company will not be responsible
for determining the manner and means in which to carry out the tasks hereunder.
	 
	5.2	 	Consulting Firm further represents and warrants that it and its Consultants are under no
restriction, contractually or otherwise, to any present or former broker, client, employer,
associate, partnership, corporation, business entity, or person which would prevent or
restrict them in any manner whatsoever from performing under this Agreement.
	 
	6.	 	Term and Termination
	 
	6.1	 	The term of this Agreement is for one (1) year, commencing on the Effective Date reflected
above. The end of such term shall be the “Expiration Date”. Each Task Order shall be for the
period set forth therein.
	 
	6.2	 	Task Order(s) and this Agreement, where applicable, may not be terminated by either party
except as provided herein:

	 	A.	 	Company may terminate for cause or for any reason whatsoever, including but not
limited to convenience, cause or for violation by Consulting Firm or its Consultants of
Paragraphs 8, 9, or 10;
	 
	 	B.	 	Consulting Firm may terminate if Company fails or refuses to pay invoices rendered
by Consulting Firm providing that such invoices are due and payable under the terms of
this Agreement and further providing Consulting Firm has given written notice to Company
of failure to pay and Company does not remedy same within a reasonable period of time.

	6.3	 	In the event that a Task Order has a term that exceeds the Expiration Date of this
Agreement, the parties agree that the terms and conditions of this Agreement shall
continue to control the relationship of the parties until such time as all services under the
applicable Task Order have been completed or the Task Order has been terminated in accordance
with the terms of this Agreement.
	 
	7.	 	Restrictive Covenant
	 
	7.1	 	Consulting Firm agrees during the term of this Agreement, or any extension thereof, and for a
period of one (1) year thereafter, that neither it nor any of its Consultants will directly or
indirectly, or in any capacity, compete or attempt to compete with Company, any parent,
subsidiary, or affiliate of Company, or any corporation merged into or merged or consolidated
with Company, to provide computer programming or data processing services (a) by soliciting
clients or (b) by soliciting any project work at a client which was either being solicited by,
or which was under contract to, Company during the term of this Agreement (or any extension
thereof) or by performing or causing to be performed in any capacity including, but not
limited to, that as an employee, any project work which was either being solicited by or which
was under contract to Company during the term of this Agreement (or any extension thereof) or
(c) by inducing any personnel of Company to engage in activities prohibited under this
Paragraph or by employing any such personnel for the purpose of engaging in such activities.
The provisions of this Paragraph shall be construed as an agreement independent of any other
provision contained herein and shall be enforceable in both law and equity, including by
temporary or permanent restraining orders, notwithstanding the existence of any claim or cause
of action by Consulting Firm or any of its consultants against Company, whether predicated on
this Agreement or otherwise.
	 
	7.2	 	In the event that the scope or enforceability of this Paragraph is found by a judge or other
trier of fact to be too broad, it may be modified and enforced to the extent deemed reasonable
under the circumstances existing at that time.
	 
	7.3	 	This Paragraph shall survive termination of this Agreement.

 

 

	8.	 	Ownership
	 
	8.1	 	Except as otherwise noted, Client will own all technical notes, programs, specifications,
documentation, and other information, tangible and intangible property, and work products
prepared in connection with performance of this Agreement or required to be delivered and/or
purchased and/or created under this Agreement. Consulting Firm hereby releases to Company any
right, title, and interest that it might have to any work product, tangible or intangible,
produced for Company during the term of this Agreement. At project completion, Consulting
Firm will promptly deliver, or cause its Consultants to deliver, to Company all tangible
properties and work products produced, purchased, created, or which contributed to the tasks
performed hereunder.
	 
	8.2	 	Title to all material and documentation including, but not limited to, system specifications
furnished by Company, shall remain the property of Company and whenever such material is
delivered by Company into the possession of Consulting Firm or its Consultants, it shall
return the same, or cause its Consultants to return same, to Company forthwith at Company’s
request or upon termination of this Agreement.
	 
	8.3	 	This Paragraph shall survive termination of the Agreement.
	 
	8.4	 	Consulting Firm agrees to sign any consents, licenses, or other documents reasonably
necessary to accomplish such assignment.
	 
	9.	 	Confidential Information
	 
	9.1	 	Consulting Firm agrees that the following constitutes confidential information or trade
secrets and agrees not to disclose same to anyone during the term of this Agreement or
thereafter:

	 	A.	 	Nonpublic information acquired during the performance of this Agreement;
	 
	 	B.	 	The finances, business affairs, and circumstances of Company or Company; and
	 
	 	C.	 	All information and data relating to the work project hereunder and its operation.

	9.2	 	Consulting Firm and Consulting Firm Employee agree not to discuss or divulge any matters
pertaining to the business terms of this Agreement including but not limited to the Rate paid
or payable hereunder to Consulting Firm.
	 
	9.3	 	This Paragraph shall survive termination of this Agreement.
	 
	10.	 	Remedies
	 
	10.1	 	Consulting Firm acknowledges that compliance with Paragraphs 8, 9, and 10, are necessary to
protect the business and good will of Company and that a breach of those sections will
irreparably and continually damage Company for which money damages may not be adequate.
	 
	10.2	 	Consequently, Consulting Firm agrees that in the event of a breach or threatened breach of
these covenants by Consulting Firm or its Consultants, Company shall be entitled to both
(a) a preliminary or permanent injunction in order to prevent the continuation of such harm
and (b) money damages insofar as they can be determined. Nothing in this Agreement, however,
shall be construed to prohibit Company from also pursuing any other remedy, the parties having
agreed that all remedies shall be cumulative.
	 
	11.	 	Waiver or Breach
	 
	 	 	If either party breaches or fails to comply with any term of this Agreement, and the other
party elects to waive same, such waiver shall not be construed as a waiver of future breaches
or failures to comply.
	 
	12.	 	Entire Agreement
	 
	 	 	This document contains the entire agreement of the parties’ relationship to the subject
matter hereof. No waiver, change, or modification of any of the terms hereof or extension of
discharge of this Agreement shall be binding on Company unless in writing, signed by an
authorized person of Company.

 

 

	13.	 	Law of New York
	 
	 	 	This Agreement shall be construed and enforced in accordance with the laws of the State of
New York, without giving effect to its conflict of law principles. The parties agree to
submit to the exclusive jurisdiction of the state and federal courts of New York with respect
to disputes between the parties arising under or related to this Agreement.
	 
	14.	 	Severability
	 
	 	 	If any of the provisions of this Agreement shall be invalid, illegal, or unenforceable, such
invalidity, illegality, or unenforceability shall not render the entire Agreement invalid and
shall be construed as if not containing the particular invalid, illegal, or unenforceable
provision(s), and the rights and obligations of each party shall be construed and enforced
accordingly.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written.

	 	 	 	 	 	 	 
	enherent Corp.	 	The Wedgewood Group, LLC
	 
	 	 	 	 	 	 
	By:

	 	/s/ Pamela Fredette
	 	By:
	 	/s/ Roger DiPiano
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Name:

	 	Pamela Fredette
	 	Name:
	 	Roger DiPiano
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Title:

	 	Chairman, Chief Executive Officer and President
	 	Title:
	 	President
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Date:

	 	October 6, 2006
	 	Date:
	 	October 6, 2006
	 

	 	 
	 	 	 	 

 

 

EXHIBIT A — TASK ORDER

	1.	 	Client: enherent Corp.
	 
	2.	 	Consulting Firm Employee: Roger DiPiano
	 
	3.	 	Start Date: October 9, 2006
	 
	4.	 	Period:* Through April 8, 2007
	 
	5.	 	Rate: $1,000.00 (One Thousand Dollars) per day
	 
	6.	 	Overtime Rate: Not Applicable
	 
	7.	 	Special Conditions: Consulting Firm’s Employee will perform consulting services as
requested by Company’s CEO.

* This Task Order shall, subject to the terms and conditions in the Agreement, be
for a maximum period of six (6) months and shall be automatically renewed for a like
period(s) unless terminated by either party. However, in no event will this Task Order be
extended beyond the term as set forth in the Agreement, unless otherwise agreed to in
writing between the parties. In addition, the parties specifically agree that the rate as
set forth above will remain in effect for a minimum period of one (1) year from the date
services started under this Task Order issued pursuant to the Agreement. This provision
will survive the expiration of any Task Order and will continue for the duration of the
Agreement.

This Task Order has been duly signed by Company and Consulting Firm on the respective dates
indicated below.

	 	 	 	 	 	 	 
	enherent Corp.	 	The Wedgewood Group, LLC
	 
	 	 	 	 	 	 
	By:

	 	/s/ Pamela Fredette
	 	By:
	 	/s/ Roger DiPiano
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Name:

	 	Pamela Fredette
	 	Name:
	 	Roger DiPiano
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Title:

	 	Chairman, Chief Executive Officer and President
	 	Title:
	 	President
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Date:

	 	October 6, 2006
	 	Date:
	 	October 6, 2006exv4w1

 

Exhibit 4.1

CERTIFICATE OF MEMBERSHIP UNITS

[LOGO]

			
	 	 	 
	

Number

   
	

	Membership

Units     

   

NORTHWEST IOWA RENEWABLE ENERGY, LLC

A Limited Liability Company

Organized Under the Laws of the State of Iowa

     THIS CERTIFIES THAT                                          is/are the
owner(s) of                                         UNITS (                     ) of the Membership Units of Northwest Iowa Renewable Energy,
LLC, an Iowa limited liability company (the “Company). Changes in the actual Membership Units
held by the Members are reflected in the Certificate of Registration of the Company.

The Membership Units represented by this Certificate may not be transferred or assigned except
in compliance with the Operating Agreement of the Company, a copy of which is available at the
principal office of the Company.

IN WITNESS WHEREOF, the Company has caused this Certificate to be signed by its duly
authorized President and Secretary as of this                      day of                     , 20                     .

	 	 	 	 	 	 	 	 	 
	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	John Lucken, Chairman
	 	 	 	Steve Rowe, Secretary
	 	 

 

 

FOR
VALUE RECEIVED,
                    
hereby sell, assign, and transfer unto
                               
                    Units
represented by the within Certificate, and do hereby irrevocably constitute and appoint                     
Attorney to transfer the said Units on the books of the within named Company with full power
of substitution in the premises.

     Dated                                         ,                     .

	 	 	 	 	 	 	 
	In Presence of
	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 

	 	 	THE TRANSFERABILITY OF THE MEMBERSHIP UNITS REPRESENTED BY THIS CERTIFICATE IS
RESTRICTED. SUCH UNITS MAY NOT BE SOLD, ASSIGNED, OR TRANSFERRED, AND NO
ASSIGNEE, VENDEE, TRANSFEREE OR ENDORSEE THEREOF WILL BE RECOGNIZED AS HAVING
ACQUIRED ANY SUCH UNITS FOR ANY PURPOSES, UNLESS AND TO THE EXTENT SUCH SALE,
TRANSFER, HYPOTHECATION, OR ASSIGNMENT IS PERMITTED BY, AND IS COMPLETED IN STRICT
ACCORDANCE WITH, APPLICABLE FEDERAL AND STATE LAW AND THE TERMS AND CONDITIONS SET
FORTH IN THE OPERATING AGREEMENT OF THE COMPANY, AS AMENDED FROM TIME TO TIME.
	 
	 	 	THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, OFFERED FOR SALE
OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, AND UNDER APPLICABLE STATE SECURITIES LAWS, OR AN OPINION
OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH TRANSACTION IS EXEMPT FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND UNDER APPLICABLE
STATE SECURITIES LAWS.

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