Document:

Long Term Incentive Plan

    inVENTIV
      HEALTH, INC.

    

    2006
      LONG-TERM INCENTIVE PLAN

    

    inVentiv
      Health, Inc. (the “Company”), a Delaware corporation, hereby establishes and
      adopts the following 2006 Long-Term Incentive Plan (the “Plan”).

     

    1. PURPOSE
      OF THE PLAN

    

    The
      purpose of the Plan is to assist the Company and its Subsidiaries in attracting
      and retaining selected individuals to serve as directors, employees,
      consultants and/or advisors of the Company and its Subsidiaries who are expected
      to contribute to the Company's success and to achieve long-term objectives
      which
      will inure to the benefit of all stockholders of the Company through the
      additional incentives inherent in the Awards hereunder.

    

    
      	
              2.

            	
              DEFINITIONS

            

    

     

    2.1. “Award”
      shall mean any Option, Stock Appreciation Right, Restricted Stock Award, Other
      Stock Unit Award, Performance Award or any other right, interest or option
      relating to Shares or other property (including cash) granted pursuant to the
      provisions of the Plan.

     

    2.2. “Award
      Agreement” shall mean any written agreement, contract or other instrument or
      document evidencing any Award granted by the Committee hereunder, including
      through an electronic medium.

     

    2.3. “Board”
      shall mean the board of directors of the Company.

     

    2.4. “Change
      of Control” shall mean a transaction or a series of related transactions
      involving (i) a sale, transfer or other disposition of all or substantially
      all
      of the Company’s assets, (ii) the consummation of a merger or consolidation of
      the Company or (iii) a sale or exchange of capital stock of the Company, in
      any
      case as a result of which the stockholders of the Company immediately prior
      to
      such transaction or series of related transactions own, in the aggregate, less
      than a majority of the outstanding voting capital stock or equity interests
      of
      the surviving, resulting or transferee entity. 

     

    2.5 “Code”
      shall mean the Internal Revenue Code of 1986, as amended from time to
      time.

     

    2.6. “Committee”
      shall mean the Compensation Committee of the Board or a subcommittee thereof
      formed by the Compensation Committee to act as the Committee hereunder. The
      Committee shall consist of no fewer than two Directors, each of whom is (i)
      a
“Non-Employee Director” within the meaning of Rule 16b-3 of the Exchange Act,
      (ii) an “outside director” within the meaning of Section 162(m) of the Code, and
      (iii) an “independent director” for purpose of the rules and regulations of the
      NASDAQ Stock Market (or such other principal securities market on which the
      Shares are traded).

     

    2.7. “Covered
      Employee” shall mean an employee of the Company or its Subsidiaries who is a
“covered employee” within the meaning of Section 162(m) of the
      Code.

     

    2.8. “Director”
      shall mean a non-employee member of the Board.

     

    2.9. “Dividend
      Equivalents” shall have the meaning set forth in Section 12.5.

     

    2.10. “Employee”
      shall mean any employee of the Company or any Subsidiary and any prospective
      employee conditioned upon, and effective not earlier than, such person’s
      becoming an employee of the Company or any Subsidiary. Solely for purposes
      of
      the Plan, an Employee shall also mean any consultant or advisor who is a natural
      person and who provides services to the Company or any Subsidiary, so long
      as
      such person (i) renders bona fide services that are not in connection with
      the offer and sale of the Company's securities in a capital-raising transaction
      and (ii) does not directly or indirectly promote or maintain a market for
      the Company's securities.

     

    2.11. “Exchange
      Act” shall mean the Securities Exchange Act of 1934, as amended.

     

    2.12. “Fair
      Market Value” shall mean, with respect to any property other than Shares, the
      market value of such property determined by such methods or procedures as shall
      be established from time to time by the Committee. The Fair Market Value of
      Shares as of any date shall be the per Share closing price of the Shares as
      reported on the NASDAQ Stock Market on that date (or if there were no reported
      prices on such date, on the last preceding date on which the prices were
      reported) or, if the Company is not then listed on the NASDAQ Stock Market,
      on
      such other principal securities exchange on which the Shares are traded, and
      if
      the Company is not listed on the NASDAQ Stock Market or any other securities
      exchange, the Fair Market Value of Shares shall be determined by the Committee
      in its sole discretion using appropriate criteria. 

     

    2.13. “Limitations”
      shall have the meaning set forth in Section 10.5.

     

    2.14. “Option”
      shall mean any right granted to a Participant under the Plan allowing such
      Participant to purchase Shares at such price or prices and during such period
      or
      periods as the Committee shall determine.

     

    2.15. “Other
      Stock Unit Award” shall have the meaning set forth in
      Section 8.1.

     

    2.16. “Participant”
      shall mean an Employee or Director who is selected by the Committee to receive
      an Award under the Plan.

     

    2.17. “Payee”
      shall have the meaning set forth in Section 13.1.

     

    2.18. “Performance
      Award” shall mean any Award of Performance Shares, Performance Units or a
      Performance Cash Award granted pursuant to Article 9.

     

    2.19. “Performance
      Cash Award” shall mean any cash incentive granted pursuant to Article 9,
      the value of which will be paid to the Participant in cash (unless the Committee
      determines in its discretion to make payment thereof in Shares), upon
      achievement of such performance goals during the Performance Period as the
      Committee shall establish. 

     

    2.20. “Performance
      Period” shall mean that period established by the Committee at the time any
      Performance Award is granted or at any time thereafter during which any
      performance goals specified by the Committee with respect to such Award are
      to
      be measured.

     

    2.21. “Performance
      Share” shall mean any grant pursuant to Article 9 of a unit valued by
      reference to a designated number of Shares, which value may be paid to the
      Participant by delivery of such property as the Committee shall determine,
      including cash, Shares, other property, or any combination thereof, upon
      achievement of such performance goals during the Performance Period as the
      Committee shall establish at the time of such grant or thereafter.

     

    2.22. “Performance
      Unit” shall mean any grant pursuant to Section 9 of a unit valued by
      reference to a designated amount of property other than Shares (including cash),
      which value may be paid to the Participant by delivery of such property as
      the
      Committee shall determine, including cash, Shares, other property, or any
      combination thereof, upon achievement of such performance goals during the
      Performance Period as the Committee shall establish at the time of such grant
      or
      thereafter.

     

    2.23. “Permitted
      Assignee” shall have the meaning set forth in Section 12.3.

     

    2.24. “Prior
      Plan” shall mean the Company’s 1999 Stock Incentive Plan.

     

    2.25. “Restricted
      Stock” shall mean any Share issued with the restriction that the holder may not
      sell, transfer, pledge or assign such Share and with such other restrictions
      as
      the Committee, in its sole discretion, may impose (including any restriction
      on
      the right to vote such Share and the right to receive any dividends), which
      restrictions may lapse separately or in combination at such time or times,
      in
      installments or otherwise, as the Committee may deem appropriate.

     

    2.26. “Restricted
      Stock Award” shall have the meaning set forth in Section 7.1. 

     

    2.27. “Shares”
      shall mean the shares of common stock of the Company, par value $0.001 per
      share.

     

    2.28. “Stock
      Appreciation Right” shall mean the right granted to a Participant pursuant to
      Section 6.

     

    2.29. “Subsidiary”
      shall mean any corporation (other than the Company) in an unbroken chain of
      corporations beginning with the Company if, at the time of the granting of
      the
      Award, each of the corporations other than the last corporation in the unbroken
      chain owns stock possessing 50% or more of the total combined voting power
      of
      all classes of stock in one of the other corporations in the chain.

     

    2.30. Substitute
      Awards” shall mean Awards granted or Shares issued by the Company in assumption
      of, or in substitution or exchange for, awards previously granted, or the right
      or obligation to make future awards, by a company acquired by the Company or
      any
      Subsidiary or with which the Company or any Subsidiary combines.

     

    2.31. “Vesting
      Period” shall have the meaning set forth in Section 7.1.

     

    3. SHARES
      SUBJECT TO THE PLAN

     

    3.1 Number
      of
      Shares. (a) Subject to adjustment as provided in Sections 3.1(d) and 12.2,
      a total of 2,100,000 Shares shall be authorized for grant under the Plan, plus
      any Shares remaining available for grant under the Prior Plan on the effective
      date of the Plan. Any Shares that are subject to Awards of Options or Stock
      Appreciation Rights shall be counted against this limit as one Share for every
      one Share granted. Any Shares that are subject to Awards other than Options
      or
      Stock Appreciation Rights shall be counted against this limit as 1.5 Shares
      for
      every one Share granted.

     

    (b) If
      any
      Shares subject to an Award or to an award under the Prior Plan are forfeited
      or
      expire, or any Award or award under the Prior Plan is settled for cash, the
      Shares shall, to the extent of such forfeiture, expiration or cash settlement,
      again be available for Awards under the Plan, subject to Section 3.1(d) below.
      Notwithstanding anything to the contrary contained herein, the following Shares
      shall not be added to the Shares authorized for grant under paragraph (a) of
      this Section: (i) Shares tendered by the Participant or withheld by the Company
      in payment of the purchase price of an Option, (ii) Shares tendered by the
      Participant or withheld by the Company to satisfy any tax withholding obligation
      with respect to an Award, (iii) Shares repurchased by the Company with Option
      proceeds, and (iv) Shares subject to a stock-settled Stock Appreciation Right
      that are not issued in connection with the stock settlement of the Stock
      Appreciation Right on exercise thereof.

     

    (c) Substitute
      Awards shall not reduce the Shares authorized for grant under the Plan or
      authorized for grant to a Participant in any calendar year.

     

    (d) Any
      Shares that again become available for grant pursuant to this Article shall
      be
      added back as (i) one Share if such Shares were subject to Options or Stock
      Appreciation Rights granted under the Plan or options or stock appreciation
      rights granted under the Prior Plan and (ii) as 1.5 Shares if such Shares were
      subject to Awards other than Options or Stock Appreciation Rights granted under
      the Plan or awards other than options or stock appreciation rights granted
      under
      the Prior Plan. 

     

    3.2. Character
      of Shares. Any Shares issued hereunder may consist, in whole or in part, of
      authorized and unissued shares, treasury shares or shares purchased in the
      open
      market or otherwise. 

     

    4. ELIGIBILITY
      AND ADMINISTRATION

     

    4.1. Eligibility.
      Any Employee or Director shall be eligible to be selected as a
      Participant.

     

    4.2. Administration.
      (a) The Plan shall be administered by the Committee. The Committee shall have
      full power and authority, subject to the provisions of the Plan and subject
      to
      such orders or resolutions not inconsistent with the provisions of the Plan
      as
      may from time to time be adopted by the Board, to: (i) select the Employees
      and Directors to whom Awards may from time to time be granted hereunder;
      (ii) determine the type or types of Awards, not inconsistent with the
      provisions of the Plan, to be granted to each Participant hereunder;
      (iii) determine the number of Shares to be covered by each Award granted
      hereunder; (iv) determine the terms and conditions, not inconsistent with
      the provisions of the Plan, of any Award granted hereunder; (v) determine
      whether, to what extent and under what circumstances Awards may be settled
      in
      cash, Shares or other property; (vi) determine whether, to what extent, and
      under what circumstances cash, Shares, other property and other amounts payable
      with respect to an Award made under the Plan shall be deferred either
      automatically or at the election of the Participant; (vii) determine whether,
      to
      what extent and under what circumstances any Award shall be canceled or
      suspended; (viii) interpret and administer the Plan and any instrument or
      agreement entered into under or in connection with the Plan, including any
      Award
      Agreement; (ix) correct any defect, supply any omission or reconcile any
      inconsistency in the Plan or any Award in the manner and to the extent that
      the
      Committee shall deem desirable to carry it into effect; (x) establish such
      rules and regulations and appoint such agents as it shall deem appropriate
      for
      the proper administration of the Plan; (xi) determine whether any Award will
      have Dividend Equivalents; and (xii) make any other determination and take
      any other action that the Committee deems necessary or desirable for
      administration of the Plan. Except as otherwise provided in Section 10, the
      Compensation Committee may accelerate the vesting of any Award in its
      discretion.

     

    (b) Decisions
      of the Committee shall be final, conclusive and binding on all persons or
      entities, including the Company, any Participant, and any Subsidiary. A majority
      of the members of the Committee may determine its actions and fix the time
      and
      place of its meetings. No members of the Committee or the Board shall be
      personally liable for any action or determination made in good faith with
      respect to the Plan, any Award or any settlement of any dispute between a
      Participant and the Company. 

     

    (c) To
      the
      extent not inconsistent with applicable law, including Section 162(m) of the
      Code, or the rules and regulations of the principal securities market on which
      the Shares are traded, the Committee may delegate to a committee of one or
      more
      directors of the Company or, to the extent permitted by law, to one or more
      executive officers or a committee of executive officers the right to grant
      Awards to Employees who are not Directors of the Company and the authority
      to
      take action on behalf of the Committee pursuant to the Plan to cancel or suspend
      Awards to Employees who are not Directors or executive officers of the Company.
      

     

    5.
       OPTIONS

     

    5.1. Grant
      of
      Options. Options may be granted hereunder to Participants either alone or in
      addition to other Awards granted under the Plan. Options shall be subject to
      such terms and conditions, not inconsistent with the provisions of the Plan,
      as
      shall be determined from time to time by the Committee in its sole discretion.
      

     

    5.2. Award
      Agreements. All Options granted pursuant to this Article shall be evidenced
      by a
      written Award Agreement. The terms of Options need not be the same with respect
      to each Participant. Granting an Option pursuant to the Plan shall impose no
      obligation on the recipient to exercise such Option. Any individual who is
      granted an Option pursuant to this Article may hold more than one Option granted
      pursuant to the Plan at the same time. 

     

    5.3. Option
      Price. Other than in connection with Substitute Awards, the option price per
      each Share purchasable under any Option granted pursuant to this Article shall
      not be less than 100% of the Fair Market Value of such Share on the date of
      grant of such Option. Other than pursuant to Section 12.2, the Committee shall
      not without the approval of the Company’s stockholders (a) lower the option
      price per Share of an Option after it is granted, (b) cancel an Option in
      exchange for cash or another Award (other than in connection with Substitute
      Awards) or (c) take any other action with respect to an Option that may be
      treated as a repricing under the rules and regulations of the principal
      securities market on which the Shares are traded.

     

    5.4. Option
      Term. The term of each Option shall be fixed by the Committee in its sole
      discretion; provided that no Option shall be exercisable after the expiration
      of
      ten (10) years from the date the Option is granted.

     

    5.5. Exercise
      of Options. Vested Options granted under the Plan shall be exercised by the
      Participant or by a Permitted Assignee thereof (or by the Participant’s
      executors, administrators, guardian or legal representative, as may be provided
      in an Award Agreement) as to all or part of the Shares covered thereby, by
      the
      giving of notice of exercise to the Company or its designated agent (including
      any broker designated as an administrator or service provider with respect
      to
      any or all Awards) and paying or making arrangements for the payment of the
      purchase price for the number of Shares being purchased in accordance with
      the
      terms of the applicable Award Agreement and any procedures established by the
      Company its designated agent. Unless otherwise provided in an Award Agreement,
      full payment of such purchase price shall be made at the time of exercise and
      shall be made (a) in cash or cash equivalents (including certified check or
      bank
      check or wire transfer of immediately available funds), including cash or cash
      equivalents generated from the sale of a number of Shares sufficient for such
      purpose in accordance with a broker-assisted exercise program approved by the
      Company, (b) by tendering previously acquired Shares (either actually or by
      attestation, valued at their then Fair Market Value), (c) with the consent
      of
      the Committee, by delivery of other consideration (including, where permitted
      by
      law and the Committee, other Awards) having a Fair Market Value on the exercise
      date equal to the total purchase price, (d) with the consent of the Committee,
      by withholding Shares otherwise issuable in connection with the exercise of
      the
      Option, (e) through any other method specified in an Award Agreement or (f)
      any
      combination of any of the foregoing. In no event may any Option granted
      hereunder be exercised for a fraction of a Share. No adjustment shall be made
      for cash dividends or other rights for which the record date is prior to the
      date of such issuance. 

     

    5.6. Form
      of
      Settlement. In its sole discretion, the Committee may provide that the Shares
      to
      be issued upon an Option's exercise shall be in the form of Restricted Stock
      or
      other similar securities.

     

    5.7. Incentive
      Stock Options. The Committee may grant Options intended to qualify as “incentive
      stock options” as defined in Section 422 of the Code, to any employee of the
      Company or any Subsidiary, subject to the requirements of Section 422 of the
      Code. Solely for purposes of determining whether Shares are available for the
      grant of “incentive stock options” under the Plan, the maximum aggregate number
      of Shares that may be issued pursuant to “incentive stock options” granted under
      the Plan shall be 2,100,000 Shares. 

     

    6. STOCK
      APPRECIATION RIGHTS

     

    6.1. Grant
      and
      Exercise. The Committee may provide Stock Appreciation Rights, whether or not
      in
      conjunction with all or part of any Option or other Award granted under the
      Plan, upon such terms and conditions as the Committee may establish in its
      sole
      discretion.  

     

    6.2. Terms
      and
      Conditions. Stock Appreciation Rights shall be subject to such terms and
      conditions, not inconsistent with the provisions of the Plan, as shall be
      determined from time to time by the Committee in its sole discretion, including
      the following: 

     

    Upon
      the
      exercise of a Stock Appreciation Right, the holder shall have the right to
      receive the excess of (i) the Fair Market Value of one Share on the date of
      exercise over (ii) the grant price of the right on the date of grant, as
      specified by the Committee in its sole discretion, which, except in the case
      of
      Substitute Awards or in connection with an adjustment provided in
      Section 12.2, shall not be less than the Fair Market Value of one Share on
      such date of grant of the right. 

     

    Upon
      the
      exercise of a Stock Appreciation Right, the Committee shall determine in its
      sole discretion whether payment shall be made in cash, in whole Shares or other
      property, or any combination thereof. 

     

    The
      provisions of Stock Appreciation Rights need not be the same with respect to
      each recipient. 

     

    The
      Committee may impose such other conditions or restrictions on the terms of
      exercise and the exercise price of any Stock Appreciation Right, as it shall
      deem appropriate. Notwithstanding the foregoing provisions of this Section
      6.2,
      but subject to Section 12.2, a Stock Appreciation Right shall generally
      have the same terms and conditions as Options, including (i) an exercise price
      not less than Fair Market Value on the date of grant to an employee of the
      Company or a Subsidiary and (ii) a term not greater than ten (10) years. In
      addition to the foregoing, except as provided in Section 12.2, the Committee
      shall not without the approval of the Company’s stockholders (a) lower the grant
      price per Share of any Stock Appreciation Right after it is granted, (b) cancel
      any Stock Appreciation Right in exchange for cash or another Award (other than
      in connection with Substitute Awards) or (c) take any other action with respect
      to any Stock Appreciation Right that may be treated as a repricing under the
      rules and regulations of the principal securities market on which the Shares
      are
      traded. 

     

    
      	
              7.

            	
              RESTRICTED
                STOCK AWARDS

            

    

     

    7.1. Grants.
      Awards of Restricted Stock may be issued hereunder to Participants either alone
      or in addition to other Awards granted under the Plan (a “Restricted Stock
      Award”), and such Restricted Stock Awards shall also be available as a form of
      payment of Performance Awards and other earned cash-based incentive
      compensation. A Restricted Stock Award shall be subject to restrictions imposed
      by the Committee covering a period of time specified by the Committee (the
      “Vesting Period”). Restricted Stock Awards shall be subject to such terms and
      conditions, not inconsistent with the provisions of the Plan, as shall be
      determined from time to time by the Committee in its sole discretion. Without
      limitation of the foregoing, the Committee has absolute discretion to determine
      whether any consideration (other than services) is to be received by the Company
      or any Subsidiary as a condition precedent to the issuance of Restricted
      Stock.

     

    7.2. Award
      Agreements. The terms of any Restricted Stock Award granted under the Plan
      shall
      be set forth in a written Award Agreement. The terms of Restricted Stock Awards
      need not be the same with respect to each Participant

     

    7.3. Rights
      of
      Holders of Restricted Stock. Unless otherwise provided in the Award Agreement,
      beginning on the date of grant of the Restricted Stock Award (and subject to
      execution of the Award Agreement, to the extent execution of the Award Agreement
      is provided for), the Participant shall become a shareholder of the Company
      with
      respect to all Shares subject to the Award Agreement and shall have all of
      the
      rights of a shareholder, including the right to vote such Shares and the right
      to receive distributions made with respect to such Shares; provided, however,
      that except as otherwise provided in an Award Agreement any Shares or any other
      property (other than cash) distributed as a dividend or otherwise with respect
      to any Restricted Stock as to which the restrictions have not yet lapsed shall
      be subject to the same restrictions as such Restricted Stock.

     

    
      	
              8.

            	
              OTHER
                STOCK UNIT AWARDS

            

    

     

    8.1. Grants.
      Other Awards of units having a value equal to an identical number of Shares
      (“Other Stock Unit Awards”) may be granted hereunder to Participants, in
      addition to other Awards granted under the Plan. Other Stock Unit Awards shall
      also be available as a form of payment of other Awards granted under the Plan
      and other earned cash-based incentive compensation.

     

    8.2. Award
      Agreements. The terms of Other Stock Unit Award granted under the Plan shall
      be
      set forth in an Award Agreement. Other Stock Unit Awards shall be subject to
      such terms and conditions, not inconsistent with the provisions of the Plan,
      as
      shall be determined from time to time by the Committee in its sole discretion.
      The terms of such Awards need not be the same with respect to each
      Participant.

     

    8.3. Payment.
      Except as maybe provided in an Award Agreement, Other Stock Unit Awards may
      be
      paid in cash, Shares, other property, or any combination thereof, in the sole
      discretion of the Committee at the time of payment. Other Stock Unit Awards
      may
      be paid in a lump sum or in installments or, in accordance with procedures
      established by the Committee, on a deferred basis subject to the requirements
      of
      Section 409A of the Code. 

     

    9. PERFORMANCE
      AWARDS

     

    9.1. Grants.
      Performance Awards in the form of Performance Shares, Performance Units or
      Performance Cash Awards, as determined by the Committee in its sole discretion,
      may be granted hereunder to Participants, for no consideration or for such
      minimum consideration as may be required by applicable law, either alone or
      in
      addition to other Awards granted under the Plan. The performance goals to be
      achieved for each Performance Period shall be conclusively determined by the
      Committee and may be based upon the criteria set forth in Section 10.2.

     

    9.2. Award
      Agreements. The terms of any Performance Award granted under the Plan shall
      be
      set forth in an Award Agreement. Performance Awards shall be subject to such
      terms and conditions, not inconsistent with the provisions of the Plan, as
      shall
      be determined from time to time by the Committee in its sole discretion,
      including whether such Awards shall have Dividend Equivalents. The terms of
      Performance Awards need not be the same with respect to each
      Participant.

     

    9.3. Terms
      and
      Conditions. The performance criteria to be achieved during any Performance
      Period and the length of the Performance Period shall be determined by the
      Committee upon the grant of each Performance Award, provided that a Performance
      Period shall not be shorter than 12 months. The amount of the Award to be
      distributed shall be conclusively determined by the Committee. 

     

    9.4. Payment.
      Except as provided in Article 11 or as may be provided in an Award Agreement,
      Performance Awards will be distributed only after the end of the relevant
      Performance Period. Performance Awards may be paid in cash, Shares, other
      property, or any combination thereof, in the sole discretion of the Committee
      at
      the time of payment. Performance Awards may be paid in a lump sum or in
      installments following the close of the Performance Period or, in accordance
      with procedures established by the Committee, on a deferred basis subject to
      the
      requirements of Section 409A of the Code.

     

    10. CODE
      SECTION 162(m) PROVISIONS

     

    10.1. Covered
      Employees. Notwithstanding any other provision of the Plan, if the Committee
      determines at the time a Restricted Stock Award, a Performance Award or an
      Other
      Stock Unit Award is granted to a Participant who is, or is likely to be, as
      of
      the end of the tax year in which the Company would claim a tax deduction in
      connection with such Award, a Covered Employee, then the Committee may provide
      that this Article 10 is applicable to such Award. 

     

    10.2. Performance
      Criteria. If the Committee determines that a Restricted Stock Award, a
      Performance Award or an Other Stock Unit Award is subject to this Article 10,
      the lapsing of restrictions thereon and the distribution of cash, Shares or
      other property pursuant thereto, as applicable, shall be subject to the
      achievement of one or more objective performance goals established by the
      Committee, which shall be based on the attainment of specified levels of one
      or
      any combination of the following: net sales; revenue; revenue growth; operating
      income; pre- or after-tax income (before or after allocation of corporate
      overhead and bonus); net earnings; earnings per share; net income; return on
      equity; total shareholder return; return on assets or net assets; attainment
      of
      strategic and operational initiatives; appreciation in and/or maintenance of
      the
      price of the Common Stock or any other publicly-traded securities of the
      Company; market share; gross profits; earnings (including earnings before taxes,
      earnings before interest and taxes or earnings before interest, taxes,
      depreciation and amortization); economic value-added models; comparisons with
      various stock market indices; reductions in costs; cash flow or cash flow per
      share (before or after dividends); return on capital (including return on total
      capital or return on invested capital; cash flow return on investment;
      improvement in or attainment of expense levels or working capital levels; cash
      margins; and EBIT margins. Such performance goals also may be based solely
      by
      reference to the Company’s performance or the performance of a Subsidiary,
      division, business segment or business unit of the Company, or based upon the
      relative performance of other companies or upon comparisons of any of the
      indicators of performance relative to other companies. The Committee may also
      exclude charges related to an event or occurrence which the Committee determines
      should appropriately be excluded, including (a) restructurings, discontinued
      operations, extraordinary items, and other unusual or non-recurring charges,
      (b)
      an event either not directly related to the operations of the Company or not
      within the reasonable control of the Company’s management, or (c) the cumulative
      effects of tax or accounting changes in accordance with generally accepted
      accounting principles. Such performance goals shall be set by the Committee
      within the time period prescribed by, and shall otherwise comply with the
      requirements of, Section 162(m) of the Code, and the regulations
      thereunder. After establishment of a performance goal, the Committee shall
      not
      revise such performance goal or increase the amount of compensation payable
      thereunder (as determined in accordance with Section 162(m) of the Code) upon
      the attainment of such performance goal. 

     

    10.3. Adjustments.
      Notwithstanding any provision of the Plan (other than Article 11), with respect
      to any Restricted Stock, Performance Award or Other Stock Unit Award that is
      subject to this Section 10, the Committee may reduce or eliminate the
      number of Shares granted or the number of Shares vested upon the attainment
      of
      the applicable performance goal or reduce or eliminate the amount of any cash
      or
      other property payable upon the attainment of such performance goal pursuant
      to
      such Award, and the Committee may not waive the achievement of the applicable
      performance goals, except in the case of the death or disability of the
      Participant or as otherwise determined by the Committee in special
      circumstances.

     

    10.4. Restrictions.
      The Committee shall have the power to impose such other restrictions on Awards
      subject to this Article as it may deem necessary or appropriate to ensure
      that such Awards satisfy all requirements for “performance-based compensation”
within the meaning of Section 162(m) of the Code.

     

    10.5. Limitations
      on Grants to Individual Participants. Subject to adjustment as provided in
      Section 12.2, no Participant may be granted (i) Options or Stock Appreciation
      Rights during any calendar year with respect to more than 1,000,000 Shares
      or
      (ii) Restricted Stock, Performance Awards and/or Other Stock Unit Awards that
      are denominated in Shares in any calendar year with respect to more than 500,000
      Shares (the “Limitations”). In addition to the foregoing, the maximum dollar
      value payable to any Participant in any 12-month period with respect to
      Performance Awards payable in cash is $10,000,000. If an Award is cancelled,
      the
      cancelled Award shall continue to be counted toward the applicable Limitations.
      

     

    11. CHANGE
      OF
      CONTROL PROVISIONS

     

    11.1. Impact
      on
      Certain Awards. Award Agreements may provide that in the event of a Change
      of
      Control of the Company, Options and Stock Appreciation Rights outstanding as
      of
      the date of the Change of Control shall be cancelled and terminated without
      payment therefor if the Fair Market Value of one Share as of the date of the
      Change of Control is less than the per Share Option exercise price or Stock
      Appreciation Right grant price, and (ii) all Performance Awards shall be
      considered to be earned and payable (either in full or pro rata based on the
      portion of Performance Period completed as of the date of the Change of
      Control), and any deferral or other restriction shall lapse and such Performance
      Awards shall be immediately settled or distributed.

     

    11.2. Assumption
      or Substitution of Certain Awards. (a) Unless otherwise provided in an Award
      Agreement, in the event of a Change of Control of the Company in which the
      successor company assumes or substitutes for an Option, Stock Appreciation
      Right, Restricted Stock Award or Other Stock Unit Award, if a Participant’s
      employment with such successor company (or a subsidiary thereof) terminates
      within six months following such Change of Control (or such other period set
      forth in the Award Agreement, including prior thereto if applicable) and under
      the circumstances specified in the Award Agreement: (i) Options and Stock
      Appreciation Rights outstanding as of the date of such termination of employment
      will immediately vest, become fully exercisable, and may thereafter be exercised
      for 90 days, (ii) restrictions and deferral limitations on Restricted Stock
      shall lapse and the Restricted Stock shall become free of all restrictions
      and
      limitations and become fully vested, and (iii) the restrictions and deferral
      limitations and other conditions applicable to any Other Stock Unit Awards
      or
      any other Awards shall lapse, and such Other Stock Unit Awards or such other
      Awards shall become free of all restrictions, limitations or conditions and
      become fully vested and transferable to the full extent of the original grant.
      For the purposes of this Section 11.1, an Option, Stock Appreciation Right,
      Restricted Stock Award or Other Stock Unit Award shall be considered assumed
      or
      substituted for if following the Change of Control the Award confers the right
      to purchase or receive, for each Share subject to the Option, Stock Appreciation
      Right, Restricted Stock Award or Other Stock Unit Award immediately prior to
      the
      Change of Control, the consideration (whether stock, cash or other securities
      or
      property) received in the transaction constituting a Change of Control by
      holders of Shares for each Share held on the effective date of such transaction
      (and if holders were offered a choice of consideration, the type of
      consideration chosen by the holders of a majority of the outstanding shares);
      provided, however, that if such consideration received in the transaction
      constituting a Change of Control is not solely common stock of the successor
      company, the Committee may, with the consent of the successor company, provide
      that the consideration to be received upon the exercise or vesting of an Option,
      Stock Appreciation Right, Restricted Stock Award or Other Stock Unit Award,
      for
      each Share subject thereto, will be solely common stock of the successor company
      substantially equal in fair market value to the per share consideration received
      by holders of Shares in the transaction constituting a Change of Control. The
      determination of such substantial equality of value of consideration shall
      be
      made by the Committee in its sole discretion and its determination shall be
      conclusive and binding.

     

    (b)
       Unless otherwise provided in an Award Agreement, in the event of a Change
      of Control of the Company in which the successor company does not assume or
      substitute for an Option, Stock Appreciation Right, Restricted Stock Award
      or
      Other Stock Unit Award: (i) Options and Stock Appreciation Rights outstanding
      as
      of the date of the Change of Control shall immediately vest and become fully
      exercisable, (ii) restrictions and deferral limitations on Restricted Stock
      shall lapse and the Restricted Stock shall become free of all restrictions
      and
      limitations and become fully vested, and (iii) the restrictions and deferral
      limitations and other conditions applicable to any Other Stock Unit Awards
      or
      any other Awards shall lapse, and such Other Stock Unit Awards or such other
      Awards shall become free of all restrictions, limitations or conditions and
      become fully vested and transferable to the full extent of the original grant.
      

     

    (c)
      Notwithstanding any other provision of the Plan, the Committee, in its
      discretion, may determine that, upon the occurrence of a Change of Control
      of
      the Company, each Option and Stock Appreciation Right outstanding shall
      terminate within a specified number of days after notice to the Participant,
      and/or that each Participant shall receive, with respect to each Share subject
      to such Option or Stock Appreciation Right, an amount equal to the excess of
      the
      Fair Market Value of such Share immediately prior to the occurrence of such
      Change of Control over the exercise price per share of such Option and/or Stock
      Appreciation Right; such amount to be payable in cash, in one or more kinds
      of
      stock or property (including the stock or property, if any, payable in the
      transaction) or in a combination thereof, as the Committee, in its discretion,
      shall determine.

     

    12. GENERALLY
      APPLICABLE PROVISIONS

     

    12.1. Amendment
      and Termination of the Plan. The Board may, from time to time, alter, amend,
      suspend or terminate the Plan as it shall deem advisable, subject to any
      requirement for stockholder approval imposed by applicable law, including the
      rules and regulations of the principal securities market on which the Shares
      are
      traded, provided that the Board may not amend the Plan in any manner that would
      result in noncompliance with Rule 16b-3 of the Exchange Act; and further
      provided that the Board may not, without the approval of the Company's
      stockholders, amend the Plan to (a) increase the number of Shares that may
      be
      the subject of Awards under the Plan (except for adjustments pursuant to Section
      12.2), (b) expand the types of awards available under the Plan, (c) materially
      expand the class of persons eligible to participate in the Plan, (d) amend
      any
      provision of Section 5.3, (e) increase the maximum permissible term of any
      Option specified by Section 5.4 or the maximum permissible term of a Stock
      Appreciation Right specified by Section 6.2(d), (f) amend any provision of
      Section 10.5, or (g) take any other action with respect to an Option that may
      be
      treated as a repricing under the rules and regulations of the principal
      securities market on which the Shares are traded. In addition, subject to
      Section 11, no amendments to, or termination of, the Plan shall in any way
      impair the rights of a Participant under any Award previously granted without
      such Participant's consent.

     

    12.2. Adjustments.
      Subject to Section 11, in the event of any merger, reorganization,
      consolidation, recapitalization, dividend or distribution (whether in cash,
      shares or other property, other than a regular cash dividend), stock split,
      reverse stock split, spin-off or similar transaction or other change in
      corporate structure affecting the Shares, such adjustments and other
      substitutions shall be made to the Plan and to Awards as the Committee, in
      its
      sole discretion, deems equitable or appropriate taking into consideration the
      accounting and tax consequences, including such adjustments in the aggregate
      number, class and kind of securities that may be delivered under the Plan,
      the
      Limitations, the maximum number of Shares that may be issued under “incentive
      stock options” and, in the aggregate or to any one Participant, in the number,
      class, kind and option or exercise price of securities subject to outstanding
      Awards granted under the Plan (including, if the Committee deems appropriate,
      the substitution of similar options to purchase the shares of, or other awards
      denominated in the shares of, another company) as the Committee may determine
      to
      be appropriate in its sole discretion; provided, however, that the number of
      Shares subject to any Award shall always be a whole number.

     

    12.3. Transferability
      of Awards. Except as provided below, no Award and no Shares subject to Awards
      described in Article 8 that have not been issued or as to which any applicable
      restriction, performance or deferral period has not lapsed, may be sold,
      assigned, transferred, pledged or otherwise encumbered, other than by will
      or
      the laws of descent and distribution, and such Award may be exercised during
      the
      life of the Participant only by the Participant or the Participant’s guardian or
      legal representative. If provided for in the Award Agreement a Participant
      may
      assign or transfer an Award with the consent of the Committee (each transferee
      thereof, a “Permitted Assignee”) to (i) the Participant’s spouse, children or
      grandchildren (including any adopted and step children or grandchildren, (ii)
      to
      a trust or partnership for the benefit of one or more of the Participant or
      the
      Persons referred to in clause (i), or (iii) for charitable donations; provided
      that such Permitted Assignee shall be bound by and subject to all of the terms
      and conditions of the Plan and the Award Agreement relating to the transferred
      Award and shall execute an agreement satisfactory to the Company evidencing
      such
      obligations; and provided further that such Participant shall remain bound
      by
      the terms and conditions of the Plan. The Company shall cooperate with any
      Permitted Assignee and the Company’s transfer agent in effectuating any transfer
      permitted under this Section. 

     

    12.4. Termination
      of Employment. The Committee shall determine and set forth in each Award
      Agreement whether any Awards granted in such Award Agreement will continue
      to be
      exercisable, and the terms of such exercise, on and after the date that a
      Participant ceases to be employed by or to provide services to the Company
      or
      any Subsidiary (including as a Director), whether by reason of death,
      disability, voluntary or involuntary termination of employment or services,
      or
      otherwise. The date of termination of a Participant’s employment or services
      will be determined by the Committee, which determination will be final. Unless
      otherwise determined by the Committee, vesting of an Award shall cease on the
      date of termination of employment or service, and an Option or Stock
      Appreciation Right shall terminate and cease to be exercisable (i) on the date
      which is three (3) months after the date on which the Participant terminates
      employment or service for any reason other than death, disability or cause,
      (ii)
      the date that is one (1) year after the date on which the Optionee terminates
      employment or service as a result of death or Disability and (iii) immediately
      upon termination for cause.

     

    12.5. Deferral;
      Dividend Equivalents. The Committee shall be authorized to establish procedures
      pursuant to which the payment of any Award may be deferred. Subject to the
      provisions of the Plan and any Award Agreement, the recipient of an Award
      (including any deferred Award) may, if so determined by the Committee, be
      entitled to receive, currently or on a deferred basis, cash, stock or other
      property dividends, or cash payments in amounts equivalent to cash, stock or
      other property dividends on Shares (“Dividend Equivalents”) with respect to the
      number of Shares covered by the Award, as determined by the Committee, in its
      sole discretion. The Committee may provide that such amounts and Dividend
      Equivalents (if any) shall be deemed to have been reinvested in additional
      Shares or otherwise reinvested and may provide that such amounts and Dividend
      Equivalents are subject to the same vesting or performance conditions as the
      underlying Award.

     

    13. MISCELLANEOUS

     

    13.1. Tax
      Withholding. The Company shall have the right to make all payments or
      distributions pursuant to the Plan to a Participant (any such person, a “Payee”)
      net of any applicable federal, state, local and foreign taxes required to be
      paid or withheld as a result of (a) the grant of any Award, (b) the exercise
      of
      an Option or Stock Appreciation Right, (c) the delivery of Shares or cash,
      (d)
      the lapse of any restrictions in connection with any Award or (e) any other
      event occurring pursuant to the Plan. The Company or any Subsidiary shall have
      the right to withhold from wages or other amounts otherwise payable to such
      Payee such withholding taxes as may be required by law, or to otherwise require
      the Payee to pay such withholding taxes. If the Payee shall fail to make such
      tax payments as are required, the Company or its Subsidiaries shall, to the
      extent permitted by law, have the right to deduct any such taxes from any
      payment of any kind otherwise due to such Payee or to take such other action
      as
      may be necessary to satisfy such withholding obligations. The Committee shall
      be
      authorized to establish procedures for election by Participants to satisfy
      such
      obligation for the payment of such taxes by tendering previously acquired Shares
      (either actually or by attestation, valued at their then Fair Market Value),
      or
      by directing the Company to retain Shares (up to the Participant’s minimum
      required tax withholding rate or such other rate that will not trigger a
      negative accounting impact) otherwise deliverable in connection with the Award.
      

     

    13.2. Right
      of
      Discharge Reserved; Claims to Awards. Nothing in the Plan nor the grant of
      an
      Award hereunder shall confer upon any Employee or Director the right to continue
      in the employment or service of the Company or any Subsidiary or affect any
      right that the Company or any Subsidiary may have to terminate the employment
      or
      service of (or to demote or to exclude from future Awards under the Plan) any
      such Employee or Director at any time for any reason. Except as specifically
      provided by the Committee, the Company shall not be liable for the loss of
      existing or potential profit from an Award granted in the event of termination
      of an employment or other relationship. No Employee or Participant shall have
      any claim to be granted any Award under the Plan, and there is no obligation
      for
      uniformity of treatment of Employees or Participants under the
      Plan.

     

    13.3. Prospective
      Recipient. To the extent an Award Agreement provides for execution by a
      prospective recipient, the prospective recipient shall not, with respect to
      the
      applicable Award, be deemed to have become a Participant, or to have any rights
      with respect to such Award, until and unless such recipient shall have executed
      such Award Agreement and delivered a copy thereof to the Company, and otherwise
      complied with the then applicable terms and conditions of the Plan and the
      Award
      Agreement. To the extent an Award Agreement does not provide for execution
      by a
      prospective recipient, the prospective recipient shall not, with respect to
      the
      applicable Award, be deemed to have become a Participant, or to have any rights
      with respect to such Award, until and unless such recipient shall have complied
      with the then applicable terms and conditions of the Plan and the Award
      Agreement.

     

    13.4. Substitute
      Awards. Notwithstanding any other provision of the Plan, the terms of Substitute
      Awards may vary from the terms set forth in the Plan to the extent the Committee
      deems appropriate to conform, in whole or in part, to the provisions of the
      awards in substitution for which they are granted.

     

    13.5. Cancellation
      of Award. Notwithstanding anything to the contrary contained herein, an Award
      Agreement may provide that the Award shall be canceled if the Participant has
      committed an act of embezzlement, fraud, dishonesty, nonpayment of any
      obligation owed to the Company, breach of fiduciary duty or deliberate disregard
      of Company policy resulting in loss, damage, or injury to the Company, or if
      such Participant makes any unauthorized disclosure of any trade secret or
      confidential information, breaches any written agreement with the Company,
      engages in any conduct constituting unfair competition, induces any customer
      to
      breach a contract with the Company, or solicits or attempts to solicit any
      employee of the Company to terminate employment with the Company. In making
      such
      determination, the Committee shall act fairly and shall give the Participant
      an
      opportunity to appear and present evidence on his or her behalf at a hearing
      before the Committee. The Committee may provide in an Award Agreement that
      if
      within the time period specified in the Agreement the Participant establishes
      a
      relationship with a competitor or engages in an activity referred to in the
      second preceding sentence, the Participant will forfeit any gain realized on
      the
      vesting or exercise of the Award and must repay such gain to the
      Company.

     

    13.6. Stop
      Transfer Orders. All certificates for Shares delivered under the Plan pursuant
      to any Award shall be subject to such stop-transfer orders and other
      restrictions as the Committee may deem advisable under the rules, regulations
      and other requirements of the Securities and Exchange Commission, any stock
      exchange upon which the Shares are then listed, and any applicable federal
      or
      state securities law, and the Committee may cause a legend or legends to be
      put
      on any such certificates to make appropriate reference to such
      restrictions.

     

    13.7. Nature
      of
      Payments. All Awards made pursuant to the Plan are in consideration of services
      performed or to be performed for the Company or any Subsidiary, division or
      business unit of the Company. Any income or gain realized pursuant to Awards
      under the Plan and any Stock Appreciation Rights constitute a special incentive
      payment to the Participant and shall not be taken into account, to the extent
      permissible under applicable law, as compensation for purposes of any of the
      employee benefit plans of the Company or any Subsidiary except as may be
      determined by the Committee or by the Board or board of directors of the
      applicable Subsidiary.

     

    13.8. Other
      Plans. Nothing contained in the Plan shall prevent the Board from adopting
      other
      or additional compensation arrangements, subject to stockholder approval if
      such
      approval is required; and such arrangements may be either generally applicable
      or applicable only in specific cases.

     

    13.9. Severability.
      If any provision of the Plan shall be held unlawful or otherwise invalid or
      unenforceable in whole or in part by a court of competent jurisdiction, such
      provision shall (a) be deemed limited to the extent that such court of competent
      jurisdiction deems it lawful, valid and/or enforceable and as so limited shall
      remain in full force and effect, and (b) not affect any other provision of
      the
      Plan or part thereof, each of which shall remain in full force and effect.
      If
      the making of any payment or the provision of any other benefit required under
      the Plan shall be held unlawful or otherwise invalid or unenforceable by a
      court
      of competent jurisdiction, such unlawfulness, invalidity or unenforceability
      shall not prevent any other payment or benefit from being made or provided
      under
      the Plan, and if the making of any payment in full or the provision of any
      other
      benefit required under the Plan in full would be unlawful or otherwise invalid
      or unenforceable, then such unlawfulness, invalidity or unenforceability shall
      not prevent such payment or benefit from being made or provided in part, to
      the
      extent that it would not be unlawful, invalid or unenforceable, and the maximum
      payment or benefit that would not be unlawful, invalid or unenforceable shall
      be
      made or provided under the Plan. 

     

    13.10. Construction.
      As used in the Plan, the words “include” and “including,” and variations
      thereof, shall not be deemed to be terms of limitation, but rather shall be
      deemed to be followed by the words “without limitation.” 

     

    13.11. Unfunded
      Status of the Plan. The Plan is intended to constitute an “unfunded” plan for
      incentive compensation. With respect to any payments not yet made to a
      Participant by the Company, nothing contained herein shall give any such
      Participant any rights that are greater than those of a general creditor of
      the
      Company. In its sole discretion, the Committee may authorize the creation of
      trusts or other arrangements to meet the obligations created under the Plan
      to
      deliver the Shares or payments in lieu of or with respect to Awards hereunder;
      provided, however, that the existence of such trusts or other arrangements
      is
      consistent with the unfunded status of the Plan.

     

    13.12. Governing
      Law. The Plan and all determinations made and actions taken thereunder, to
      the
      extent not otherwise governed by the Code or the laws of the United States,
      shall be governed by the laws of the State of Delaware, without reference to
      principles of conflict of laws, and construed accordingly.

     

    13.13. Effective
      Date of Plan; Termination of Plan. The Plan shall be effective on the date
      of
      the approval of the Plan by the holders of the shares entitled to vote at a
      duly
      constituted meeting of the stockholders of the Company. The Plan shall be null
      and void and of no effect if the foregoing condition is not fulfilled and in
      such event each Award shall, notwithstanding any of the preceding provisions
      of
      the Plan, be null and void and of no effect. Awards may be granted under the
      Plan at any time and from time to time on or prior to the tenth anniversary
      of
      the effective date of the Plan, on which date the Plan will expire except as
      to
      Awards then outstanding under the Plan. Such outstanding Awards shall remain
      in
      effect until they have been exercised or terminated, or have
      expired. 

     

    13.14. Foreign
      Employees. Awards may be granted to Participants who are foreign nationals
      or
      employed outside the United States, or both, on such terms and conditions
      different from those applicable to Awards to Employees employed in the United
      States as may, in the judgment of the Committee, be necessary or desirable
      in
      order to recognize differences in local law or tax policy. The Committee also
      may impose conditions on the exercise or vesting of Awards in order to minimize
      the Company's obligation with respect to tax equalization for Employees on
      assignments outside their home country.

     

    13.15. Compliance
      with Section 409A of the Code. This Plan is intended to comply and shall be
      administered in a manner that is intended to comply with Section 409A of the
      Code and shall be construed and interpreted in accordance with such intent.
      To
      the extent that an Award or the payment, settlement or deferral thereof is
      subject to Section 409A of the Code, the Award shall be granted, paid, settled
      or deferred in a manner that will comply with Section 409A of the Code,
      including regulations or other guidance issued with respect thereto, except
      as
      otherwise determined by the Committee. Any provision of this Plan that would
      cause the grant of an Award or the payment, settlement or deferral thereof
      to
      fail to satisfy Section 409A of the Code shall be amended to comply with Section
      409A of the Code on a timely basis, which may be made on a retroactive basis,
      in
      accordance with regulations and other guidance issued under Section 409A of
      the
      Code.

     

    13.16. Captions.
      The captions in the Plan are for convenience of reference only, and are not
      intended to narrow, limit or affect the substance or interpretation of the
      provisions contained herein.ASSET PURCHASE AGREEMENT

Exhibit 10.7 

 

ASSET PURCHASE AGREEMENT

AGREEMENT made this                day of March, 2006 by and among Infe-Human Resources of New York, Inc., a Nevada corporation  (“Buyer”)  and  Express Employment Agency Corporation,  a New Jersey corporation (“Seller”) 

RECITALS:

A.

Seller is engaged in the employee staffing business (the “Business”).

B.

Seller desires to sell, and Buyer desires to purchase, the Business by acquiring all of the assets of the Seller related thereto

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto agree as follows:

ARTICLE I

PURCHASE AND SALE

1.1.

 Purchased Assets.  Subject to the terms and conditions of this Agreement, on the Closing Date (defined below), Seller will sell to Buyer, and Buyer will purchase from Seller, the assets of Seller listed below (collectively, the "Purchased Assets"). The Purchased Assets will be purchased free and clear of all security interests, liens, restrictions, claims, encumbrances or charges of any kind ("Encumbrances"), except as provided herein. The Purchased Assets will include the following items:

(a)  All equipment, furniture and other personal property of Seller used in the Businesses as set forth in the attached Schedule 1.1(a);

(b)  The personal property leases of Seller used in the Business as set forth in the attached Schedule 1.1(b);

(c)  The client accounts, agreements, understandings and contracts of Seller used in the Business as set forth in the attached Schedule 1.1(c)  (the “Assumed Contracts”);

(d)  All trademarks and trademark applications, and all patents and patent applications, including specifically those set forth in attached Schedule 1.1(d), all goodwill associated therewith, and all computer software developed by Seller, including all documentation thereof and all other Intellectual Property (as defined in Section 3.5) of Seller, and all rights to use the name “Express Employment Agency” and “Express Staffing Services”.

(e)  All marketing or promotional designs, brochures, advertisements, concepts, literature, books, media rights, rights against any other person in respect of any of the foregoing and all other promotional properties, in each case primarily used or useful or developed or acquired by the Seller for use in connection with the ownership and operation of the Business and the Purchased Assets 

(f)  All other intangible assets, including without limitation all supplier lists, customer lists, goodwill, "know-how," proprietary information and trade secrets relating to the Business; and all manufacturers' warranties (including pending warranty claims) and manuals relating to the Purchased Assets;

(g)  All of the Seller's lease deposits on leases assumed by Buyer as set forth in attached Schedule 1.1(g);

(h)  All permits relating to the operation of the Business, to the extent such permits are transferable and whether or not all action necessary to effect such transfer has been taken prior to the Closing;

(i)  All real property leases of Seller, to the extent such are assignable, as set forth in Schedule 1.1(i)

(j)  All telephone and facsimile machine numbers assigned to Seller, in­cluding without limitation tele­phone book listings, and all goodwill associated therewith as set forth in attached Schedule 1.1(j);

(k)  Except as expressly set forth in Section 1.3, all papers, documents, computerized databases, books and records (including all data stored on discs, tapes or other media) of Seller related to the Purchased Assets and Business operations, including without limitation all software design documents, source code, employer records and workers’ compensation records relating to employees hired by the Buyer, sales records, marketing records, accounting and financial records, and maintenance and production records as set forth in attached Schedule 1.1(k); and

(l)  All claims, causes of action, rights of recovery and rights of setoff of every type and kind relating to the Purchased Assets and all claims, causes of action, rights of recovery and rights of setoff of every type and kind relating to the Assumed Obligations (as defined in Section 1.2), in each case whether accruing before or after the Closing; provided, however, that the definition of Purchased Assets shall not include any items defined as Excluded Assets in Section 1.3.

1.2.

Assumed Obligations. The Buyer is purchasing the Assets free and clear of any and all liabilities, except only those continuing obligations associated with assumed contracts and leases as set forth in the Schedules hereto.    Except as expressly set forth in this Section 1.2, the Buyer shall have no responsibility for any of the Seller's obligations (including contracts, taxes, leases, product warranties, purchase orders and liabilities of any type, kind or nature), whether fixed, accrued, contingent or otherwise, and whether arising in contract, in tort, by violation of law, by operation of law, or otherwise, and all such obligations shall remain with the Seller and are herein referred to as the "Excluded Obligations."

1.3.

Excluded Assets.  The Purchased Assets shall not include any of the Seller's rights, privileges, title or interest in the following assets (hereafter referred to as the "Excluded Assets"):

(a)  All of the Seller's minute books, stock books, tax returns and books and records directly relating to the Excluded Obligations and all of Seller's books and records except to the extent that such records relate to the intellectual property purchased hereunder;

(b)  All rights and claims of the Seller under this Agreement;

(c)  All rights of the Seller in, to and under those leases, purchase orders, contracts and other agreements not being assigned to the Buyer pursuant to Section 1.1; and

(d)  those assets set forth on the attached Schedule 1.3(d).

1.4.

Completion of Asset Transfer.  At the Closing, Seller shall transfer and assign to Buyer good and valid title to the Purchased Assets free and clear of all liens and encumbrances, except as disclosed herein.  Seller shall take all other steps as may be reasonably necessary to put 

2

Buyer in actual possession and operating control of the Purchased Assets. 

1.5.

Purchase Price. The pur­chase price (the "Purchase Price") is one hundred seventy thousand dollars ($170,000):

(a)  Payment.  The Purchase Price shall be payable as fol­lows:

(i)  on or prior to the date hereof, Buyer shall have delivered to Seller twenty five thousand dollars ($25,000) as a refundable down payment,

(ii)  Eighty five thousand dollars ($85,000) at Closing, and

(iii)  the balance of the Purchase Price of sixty thousand dollars ($60,000) shall be payable in thirty-six (36) consecutive equal monthly installments of one thousand six hundred sixty-seven dollars ($1,667) plus 5.00% simple annual interest on the unpaid balance, with the first monthly installments due on the first day of the next month following closing.  In the event that Buyer pays the entire principal balance of said obligation within twelve (12) of Closing, seller shall reduce said Purchase Price by Six thousand dollars ($6,000).  Said obligation shall be evidenced by a promissory note, which note shall allow prepayment of principal without penalty, the form of which is attached hereto as Exhibit “A”  (the “Promissory Note”). 

1.6.

Subsequent Documentation.  At any time and from time to time after the Closing, upon the request of the other Party and without further consideration, but with each Party bearing their own respective expenses coincident thereto, the Parties, shall do, execute, acknowledge and deliver, or will cause to be done, executed, acknowledged and delivered, all such further acts, assignments, transfers, conveyances, assumptions, powers of attorney and assurances as may be reasonably required for the better assigning, transferring, granting and conveying to Buyer or for aiding and assisting in collecting and reducing to possession and control of Buyer any or all of the Purchased Assets. 

ARTICLE II

THE CLOSING

2.1  Timing.  Subject to the satisfaction or waiver of each of all pre-closing conditions, the Closing shall take place and be effective on the ___ day of ­March, 2006 at the offices of               Buyer, located at 67 Wall Street, 22nd Floor, New York, NY  10005-3198 or on such other date and at such other location and time as may be mutually agreed upon by the parties(the “Closing Date”). 

2.2

Buyer's Deliverables.  At the Closing, Buyer shall deliver to Seller:

(a)

a cashier's check payable to Express Employment Agency Corp, Inc. in the amount of Eighty Five Thousand Dollars ($85,000);

(b)

the Employment Agreement described in Section 7.6 and  

(c)

the Promissory Note in the form attached hereto as Exhibit “A”.

2.3  Seller's Deliverables.  At the Closing, Seller shall deliver to Buyer:

(a)

a bill of sale in the form attached hereto as Exhibit “B” for the Purchased Assets executed by Seller in favor of Buyer (the “Bill of Sale); and

(b)

an assignment agreement in the form attached hereto as Exhibit “C” for 

3

the balance of the Purchased Assets executed by Seller in favor of Buyer (the “Assignment Agreement”); 

2.4  Prorations.  All transferable taxes, insurance, licenses, rents, utilities, and other customarily prorated items shall be prorated as of the Closing Date.

2.5     Other.  Each party shall execute and deliver such other agreements and/or documents as may be reasonab­ly necessary to effectuate the transaction con­templated hereby.

ARTICLE III

REPRESENTATIONS, WARRANTIES AND COVENANTS OF SELLER

3.1

Power and Authority of Seller.

(a)

Seller is duly organized, validly existing and in good standing under the laws of the State of New Jersey.  Seller has full power and authority to carry on the Business as now conducted and to own or lease the Purchased Assets as such assets are now owned or leased.

(b)

Seller has full power and authority to execute and deliver this Agreement and any other instruments to be executed and delivered by Seller in connection herewith and to consummate the transaction contemplated hereby, and all acts required to be taken by or on the part of Seller to carry out its obligations under this Agreement and such other instruments, and the transac­tion contemplated hereby and thereby have been duly and proper­ly taken, including, without limitation, the approval of Seller's members; this Agreement has been, and such other instruments shall be, duly executed and delivered by Seller and constitutes legal, valid and binding obligations of Seller enforceable in accordance with their respective terms.

3.2

No Conflict.  The execution, delivery and performance of this Agreement by Seller will not (i) violate any provisions of any Law (as hereinafter defined, including any foreign law or regulation), judgment, decree or order applicable to Seller or require the approval, authorization or consent of any governmen­tal agency or authority, or (ii) conflict with or result in any breach of any of the terms, conditions or provisions of, or con­stitute a default under, the Certificate or Articles of Incorporation or bylaws of Seller or any agreement, instrument, arrangement, con­tract, obligation, commitment or understanding to which Seller is a party or by which any of the Purchased Assets are bound, or require the consent of any other party.

3.3

Taxes.

(a)

"Tax" shall mean any federal, state, local or other tax (whether income, sales, withholding, franchise, real or personal property or other kind of tax), assessment, levy, impost, with­holding or other governmental charge and shall include all inter­est and penalties thereon.

(b)

Seller is not required to file any foreign Tax return or to pay any foreign Tax.

(c)

There have been filed all returns, reports and forms concerning Taxes that are required to be filed as of the date hereof by Seller with respect to the  Business.  Seller shall 

4

timely file all Tax returns, reports and forms with respect to the business of Seller for all periods ending on or before the Closing Date.  All Taxes for which Seller is or will be liable (or that are imposed with respect to the Business) and that are due on or before the Closing Date (including all Taxes shown to be due on all Tax returns, reports and forms filed on or before the Closing Date) shall be paid by and the sole responsibility of Seller.  Seller represents and warrants that although Seller is aware of tax liability, Seller has not been put on notice of and is not aware of any facts or circumstances upon which such tax liability would extend to a lien on the Acquired Assets.

(d)

No taxing author­ity is now asserting or threaten­ing to assert any deficiency or assess­ment for additional Taxes or any interest, penalties or fines against Seller in respect of the Business.

(e)

Mr. Felix Pena personally and unconditionally guarantees the payment of all taxes due or owing or which become due or owing, which taxes were incurred prior to the Closing date, and agrees to indemnify and hold Buyer harmless from any and all such tax obligations.  

3.4

No Subsidiary.  Seller has no subsidiaries or interest in any other corporation, partnership or other entity.

3.5

Intellectual Property.

(a) Seller owns, free and clear of any Encumbrance, or has the valid right to use all Intellectual Property (as defined below) used by them in the Business as currently conducted. Each employee of Seller who created any of Sellers’ Intellectual Property and each independent contractor engaged by Seller who created any of Seller's Intellectual Property has assigned to Seller all of such employee's or contractor's right, title and interest in such Intellectual Property. No other Person (other than licensors of software that is generally commercially available, licensors of Intellectual Property under the agreements disclosed pursuant to paragraph (c) below and non-exclusive licensees of Seller's Intellectual Property in the ordinary course of Seller's business) has any rights to any of the Intellectual Property owned or used by Seller and, to Seller's knowledge, no other person or entity is infringing, violating or misappropriating any of the Intellectual Property that Seller owns or has an exclusive license to use. For purposes of this Agreement, "Intellectual Property" means all (i) patents and patent applications, (ii) copyrights, and registrations thereof, (iii) mask works and registrations and applications for registration thereof, (iv) computer software, data and documentation, (v) trade secrets and confidential business information, whether patentable or unpatentable and whether or not reduced to practice, know-how, manufacturing and production processes and techniques, research and development information, copyrightable works, financial, marketing and business data, pricing and cost information, business and marketing plans and customer and supplier lists and information, (vi) trademarks, service marks, trade names, domain names and applications and registrations therefor and (vii) other proprietary rights relating to any of the foregoing.

(b) None of the activities or business conducted by Seller and none of the Intellectual Property owned or used by Seller (other than "off-the-shelf" generally commercially avail

5

able software) infringes, violates or constitutes a misappropriation of (or in the past infringed, violated or constituted a misappropriation of) any Intellectual Property of any other person or entity. Seller has not received any written complaint, claim or notice alleging any such infringement, violation or misappropriation.

(d) Seller has taken reasonable precautions (i) to protect its rights in its and its subsidiaries' Intellectual Property and (ii) to maintain the confidentiality of its and its subsidiaries' trade secrets, know-how and other confidential Intellectual Property, and to Seller's knowledge, there have been no acts or omissions by the officers, directors, employees and agents of Seller, the result of which would be to materially compromise the rights of Seller to apply for or enforce appropriate legal protection of Sellers’ Intellectual Property.

3.6

Legal Proceedings, etc.  There is no action, suit, claim, proceeding or investigation pending or threatened against Seller or any of its officers or managers in connection with the Business (such actions, suits, claims, proceedings or investiga­tions are herein referred to as "Legal Proceedings"), at law or in equity, or before any court or federal, state, county, local or other governmental department, commission, board or agency or in arbitration or mediation (herein collectively referred to as "Governmental Authorities").  Seller is not subject to any order, writ, injunction or decree of any Governmental Authority with respect to any contract or other matter relat­ing to the Business or the Purchased Assets.

3.7

Compliance with Laws.  Seller is in compliance in all material respects with all statutes, laws, ordinances, rules and regula­tions (herein collec­tively called "Laws") ap­plicable to the Busi­ness.  Seller has all licenses and other required governmen­tal approvals, permits or authorizations the failure to possess which would have an adverse effect on Seller.

3.8

Contracts.  Except as listed on the Schedule 1.1(c), there are no agreements, instruments, arrangements, con­tracts, obligations, commitments or understand­ings involving payments to which the Purchased Assets are pledged as security. 

3.9

No Violation.  The execution, delivery and perfor­mance of this Agreement by Seller will not impair in any respect any right, title or interest of Seller under or in respect of any material properties, assets, licenses or contracts of Seller.  No consent, approval or agreement of any person, party, court, government or entity is required to be ob­tained by Seller in con­nec­tion with the ex­ecu­tion and delivery of this Agreement or the perfor­mance of Seller hereunder except as otherwise set forth and disclosed in this Agreement.

3.10

Financial Statements.  Seller has not produced financial statements but has given Buyer access to Seller’s books and records to the extent requested by Buyer.

3.11  Absence of Certain Changes.  Except as disclosed herein, since the date of inception of negotiations and discussions regarding this transaction, there has been no material adverse change in the business, properties, operations, financial condition or results of operations of the Seller. The Seller has not taken any steps, and does not currently expect to take any steps, to seek protection pursuant to any Bankruptcy Law nor does the Seller or any of its Subsidiaries have any knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy or 

6

insolvency proceedings. The Seller is financially solvent and is generally able to pay its debts as they become due. 

3.12

Title to Assets.  Seller has good, absolute and mar­ketable title to the Purchased Assets, free and clear of lien and encum­brances.

3.13

Representations True at the Closing Date.  The rep­re­senta­tions and warranties made in this Agreement by Seller will be true and correct on and as of the Closing Date with the same effect as though such representations and warranties had been made on and as of the Closing Date, except that any such repre­senta­tions and warranties which expressly relate to an ear­lier date shall be true as of the such earlier date.

ARTICLE IV

REPRESENTATIONS, WARRANTIES AND COVENANTS OF BUYER

4.1

Power and Authority of Buyer.

(a)

Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada

(b)

Buyer has full power and authority to execute and deliver this Agreement and any other instruments to be ex­ecuted and delivered by Buyer in connection herewith and therewith and to consummate the transactions contemplated hereby and thereby and all acts required to be taken by or on the part of Buyer to carry out this Agreement, and such other instru­ments and transactions contemplated hereby and thereby have been duly and properly taken; and this Agreement has been, and such other instruments will be, duly executed and delivered by Buyer.  This Agreement and such other instru­ments will consti­tute legal, valid and binding obligations of Buyer, enforce­able in accordance with their respective terms (sub­ject, as to the enforcement or reme­dies, to applicable bankrupt­cy, reorgani­zation, insolvency, moratorium or other similar laws affecting the enforcement of creditors' rights generally from time to time in effect).

4.2

No Conflict.  The execution, delivery and performance of this Agreement by Buyer will not (i) violate any provi­sions of any applicable Law (including any foreign law or regula­tion), judgment, decree or order or (ii) conflict with, or result in any breach of, any of the terms, conditions or provisions of, or constitute a default under, the Articles of Incorporation of Buyer, or any agreement, instrument, arrangement, contract, obligation, commitment or understanding to which Buyer is a party or by which any properties of Buyer are bound.

4.3

No Consent.  No consent, approval or agreement of any person, party, court, government or entity is required to be obtained by Buyer in connection with the execution and deliv­ery of this Agreement or the performance by Buyer hereunder.

4.4

SEC Documents; Financial Statements.  Except as disclosed herein, the Buyer has timely filed all reports, schedules, forms, statements and other documents required to be filed by it with the SEC pursuant to the reporting requirements of the Securities Exchange Act of 1934, 

7

as amended (the "1934 Act") (all of the foregoing filed prior to the date hereof and all exhibits included therein and financial statements and schedules thereto and documents incorporated by reference therein being hereinafter referred to as the "SEC Documents").  As of their respective dates (except as they have been correctly amended), the SEC Documents complied in all material respects with the requirements of the 1934 Act and the rules and regulations of the SEC promulgated thereunder applicable to the SEC Documents, and none of the SEC Documents, at the time they were filed with the SEC (except as they may have been properly amended), contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. As of their respective dates (except as they have been properly amended), the financial statements of the Buyer included in the SEC Documents complied as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto.  Such financial statements have been prepared in accordance with generally accepted accounting principles, consistently applied, during the periods involved (except (i) as may be otherwise indicated in such financial statements or the notes thereto or (ii) in the case of unaudited interim statements, to the extent they may exclude footnotes or may be condensed or summary statements) and fairly present in all material respects the financial position of the Buyer as of the dates thereof and the results of its operations and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments). 

4.5

Representations True on the Closing Date.  The repre­senta­tions and warranties made in this Agreement by Buyer will be true and correct on and as of the Closing Date with the same effect as though such representations and warranties had been made on and as of the Closing Date except that any such repre­sen­tations and warranties which expressly relate to an ear­lier date shall be true as of such earlier date.

ARTICLE V

CONDITIONS TO THE OBLIGATIONS OF BUYER

­The obligations of Buyer under this Agreement are subject to, at the option of Buyer, the satisfaction or waiver of the following conditions prior to or on the Closing Date: all the terms, covenants, agreements and conditions of this Agreement to be complied with and performed by Seller on or prior to the Closing Date shall have been fully complied with and performed; the representations and warranties made by Seller in this Agreement shall be true and correct in all materi­al respects.

ARTICLE VI

CONDITIONS TO THE OBLIGATIONS OF SELLER

­The obligations of Seller under this Agreement are subject to, at the option of Seller, the satisfaction or waiver of the following conditions prior to or on the Closing Date: all the terms, covenants, agreements and conditions of this Agreement to be complied with and performed by Buyer on or prior to the Closing Date shall have been fully complied with and performed; the representations and warranties made by Buyer shall be true and correct in all material respects.

ARTICLE VII

OTHER AGREEMENTS

8

7.1

Inspection of Records.  At all times prior to the full payment of the Purchase Price­, Buyer and its designated officers, employees, attorneys, accountants and other autho­rized representatives shall (i) have all reasonable access during normal business hours to the offices and properties of Seller in order that Buyer may have full opportunity to make such reasonable legal, business or other reviews or investi­ga­tions of the Business­, it being understood that such access shall not cause any unreasonable burden on or interruption to the nor­mal opera­tions of Seller and Buyer shall give Seller reasonable notice of any such inspections, (ii) receive from Seller such additional information as to the Purchased Assets, properties, operations and prospects of the Business as Buyer shall from time to time reason­ably re­quest, and (iii) receive Seller's  cooperation in permitting appropri­ate and applicable investigation of the Business and properties of Seller­.

7.2

Maintenance.   At all times prior to the full payment of the Promissory Note, Buyer shall maintain in full force and effect (and renew, when required) all licenses, per­mits, consents and authorizations which are material to the Business as a whole and prosecute diligently any pending applica­tions with respect thereto, perform all obligations imposed upon it by law and to retain and maintain all the proper­ty used in the oper­a­tion of the Business.

7.3

Confidential Information.  Seller and Buyer hereby agree that neither one will, at any time from and after the Closing Date, directly or indirectly, without the prior written consent of the other, disclose (other than to its designated officers, employees, attorneys, accountants, assignees and other autho­rized representatives), the terms or conditions of the transaction contemplated herein, and the records, information, trade secrets, and other information obtained by Buyer in its inspection and due diligence concerning the Seller's records of the Business and properties.   

7.4

Preservation of Business Organization.  Except as oth­erwise contemplated by this Agreement, at all times prior to the Closing Date and Buyer taking possession of the Purchased Assets and Business, (A) Seller shall (i) cause the Business to be managed in accordance with the best interests of the  Business and substantially as heretofore managed and conduct­ed, and (ii) use its best efforts, to the extent that it is in the best interests of the Business, to keep available to Buyer the services of its present employees and to preserve the present relationships of the suppliers and others having business rela­tions with Seller; and (B) without limiting the generality of the foregoing, Seller shall not, without prior written consent of Buyer, (i) dispose of any of its assets or properties or incur any obligation or liability other than as required in con­nection with this Agreement, or in "arms-length" transactions in the usual and ordinary course of business consistent with the business practices heretofore followed by Seller; (ii) take or suffer any action which may adversely affect the normal conduct of the Business; (iii) increase salaries of any employees or engage any new employee; (iv) make or commit to make any capital expenditures; (v) fail to keep its assets and properties in good repair, order and condition, reasonable wear and tear except­ed, or to maintain its existing insurance in effect; or (vi) incur any material obligations or liabilities or enter into any materi­al transaction except in the ordinary course of busi­ness consis­tent with past practices.  During the period from the date hereof to the Closing Date, Seller shall consult with one or more desig­nated representatives of Buyer as to material operation­al matters and the general status of ongoing operations.  Seller shall notify Buyer of any emergency or unanticipated change in the normal course of the Business which is or may be material thereto and shall keep Buyer fully informed of such events and permit Buyer's representatives to participate in all discussions relating there­to.

9

7.5

Employment.  Buyer shall enter into an employment agreement with Felix Pena  for the provision management services for two (2) years at an annual salary of $50,000, plus commissions.  The terms of said arrangement shall be set forth in an Employment Agreement, the form of which is attached hereto as Exhibit “D”.  Said agreement shall include a non-compete restriction whereby Pena shall not compete, directly or indirectly, with the business of the Seller for a period of two (2) years within the State of New Jersey.

7.6

Tax Obligations.  Seller shall apply all of the proceeds received herein and hereby to any and all tax obligations owed to the IRS by Felix Pena and/or Seller.

ARTICLE VIII

FURTHER ASSURANCES

Each of the Parties shall promptly and duly execute and deliver such documents, instruments and other assurances as may be from time to time reasonably necessary or desirable to carry out the provisions of this Agreement and to establish and protect the rights created or intended to be created in favor of the Parties hereunder.

ARTICLE IX

EXPENSES

Seller shall pay all of its expenses incurred in the preparation, negotiations and per­for­mance of this Agreement and the other agreements, instru­ments and documents contemplated hereby, including the fees and expens­es of counsel, accountants and other advisors except that Buyer shall bear (but only if such transactions are consum­mated) all sales or other transfer taxes (but not income taxes) arising out of such transactions.  The Buyer shall bear all of its ex­penses in the preparation, agreements and performance of this Agreement and the other agree­ments, in­stru­ments and docu­ments con­tem­plat­ed hereby, in­cluding the fees and expens­es of counsel, ac­coun­tants and other advisors.  

ARTICLE X

BROKERS

The parties further acknowledge that no brokers have participated in this transaction.

ARTICLE XI

INDEMNIFICATION

11.1 

 Seller Indemnity.  

 

(a)  Seller agrees to indemnify Buyer and hold Buyer harmless from and against all liabilities, losses, damages, costs or expenses (including without limitation reasonable legal fees and expenses) incurred by the Buyer, to the extent such liabilities, losses, damages, costs or expenses ("Damages") are occasioned, caused by or arise directly out of :

(b)  any breach of any of the representations or warranties or failure to perform any of the covenants made by the Seller in this Agreement, or any certificate, exhibit, instrument or other document delivered pursuant to this Agreement; or

10

(c)  any debts, claims, liabilities, or obligations of the Seller not expressly assumed by Transferee pursuant to this Agreement.

11.2  

Buyer Indemnity.

(a)  Buyer agree to indemnify Seller and hold it harmless from and against any and all liabilities, losses, damages, costs or expenses (including without limitation reasonable legal fees and expenses) incurred by the Seller to the extent that such Damages are occasioned by, caused by or arise directly out of:

(b)  any breach of any of the representations or warranties or failure to perform any of the covenants made by Buyer in this Agreement, or any certificate, exhibit, instrument or other document delivered pursuant to this Agreement.

11.3  

Indemnification Claims.  If either Party hereto (the "Claimant") wishes to assert an indemnification claim against the other Party hereto, the Claimant shall deliver to the other Party a written notice setting forth:

(a) the specific representation and warranty alleged to have been breached by such other Party;

(b)  a detailed description of the facts and circumstances giving rise to the alleged breach of such representation and warranty; and

(c)  a detailed description of, and a reasonable estimate of the total amount of, the Damages actually incurred or expected to be incurred by the Claimant as a direct result of such alleged breach.

11.4  

Defense Of Third Party Actions.  If either Party hereto (the "Indemnified Party") receives notice or otherwise obtains knowledge of the commencement or threat of any claim, demand, dispute, action, suit, examination, audit, proceeding, investigation, inquiry or other similar matter that may give rise to an indemnification claim against the other party hereto (the "Indemnifying Party"), then the Indemnitee shall promptly deliver to the Indemnified Party a written notice describing such complaint or the commencement of such action or proceeding; provided, however, that the failure to so notify the Indemnifying Party shall relieve the Indemnifying Party from liability under this Agreement with respect to such claim only if, and only to the extent that, such failure to notify the Indemnifying Party results in the forfeiture by the Indemnifying Party of rights and defenses otherwise available to the Indemnifying Party with respect to such claim or the opportunity to defend or participate in the defense of said claim.  The Indemnifying Party shall have the right, upon written notice delivered to the Indemnified Party within 20 days thereafter to assume the defense of such action or proceeding, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of the fees and disbursements of such counsel.  In the event, however, that the Indemnifying Party declines or fails to assume the defense of the action or proceeding or to employ counsel reasonably satisfactory to the Indemnified Party, in either case within such 20 day period, then such Indemnified Party may employ counsel, reasonably acceptable to the Indemnifying Party, to represent or defend it in any such action or proceeding and the Indemnifying Party shall pay the reasonable fees and disbursements of such counsel as incurred; provided, however, that the Indemnifying Party shall not be required to pay the fees and disbursements of more than one counsel for all Indemnified Parties in any jurisdiction in any single action or proceeding.  In any action or proceeding with respect to which indemnification is being sought hereunder, the Indemnified Party or the Indemnifying Party, whichever is not assuming the defense of such action, shall have the right to participate in such litigation and to retain its own counsel at such party's own expense.  The Indemnifying Party or the Indemnified Party, as the case may be, shall at all times use all commercially 

11

reasonable efforts to keep the Indemnifying Party or the Indemnified Party, as the case may be, reasonably apprised of the status of the defense of any action, the defense of which they are maintaining, and to cooperate in good faith with each other with respect to the defense of any such action. No Indemnified Party may settle or compromise any claim or consent to the entry of any judgment with respect to which indemnification is being sought hereunder without the prior written consent of the Indemnifying Party, which shall not be unreasonably  withheld.  The Indemnifying Party shall not settle any claim or assertion, unless the Indemnified Party consents in writing to such settlement, which consent shall not be unreasonably withheld.

11.5  Expiration of Representations and Warranties.  All of the representations and warranties set forth in this Agreement shall terminate and expire, and shall cease to be of any force or effect on the second anniversary of the Closing Date, and all liability of the parties with respect to such representations and warranties shall thereupon be extinguished; provided, however, that if, prior to such second anniversary, Claimant delivers a written notice to the other party hereto, then the specific indemnification claim set forth in such notice shall survive such second anniversary (and shall not be extinguished thereby) until the settlement of such specific claim.

ARTICLE XII

MISCELLANEOUS

12.1

Entire Agreement.  This Agreement and any closing docu­ments or agreements delivered in connection with this Agree­ment contain the entire agreement between Seller and Buyer with respect to the transactions contemplated herein and super­sede all other prior arrangements made by them with respect thereto.  Neither Party has made any oral representations.

12.2  

No Oral Changes.  This Agreement cannot be orally changed, amended or terminated, and no provision or requirement hereof may be orally waived.

12.3  

Binding upon Successors.  This Agreement shall be binding upon and inure to the benefit of Seller and Buyer and their respective successors and assigns.

12.4  

Notices.  All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified; (b) when sent by confirmed telex or facsimile if sent during normal business hours of the recipient, if not, then on the next Business Day; (c) five (5) Business Days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (d) one (1) Business Day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt.  All communications shall be sent in each case to the respective address specified below:

(a)

If to Seller, to:

Express Employment Agency /Staffing Services

3604 Palisade Avenue

Union City, New Jersey 07087.

ATTN:  Felix Pena

Fax No.____________________

With a copy to:

__________________________

__________________________

12

(b)

 If to Buyer, to:

Infe-Human Resources, Inc.

67 Wall Street

22nd Floor

New York, NY  10005-3198

Fax No. (718)409-6599

With a copy to:

Legal & Compliance, L.L.C.

C/o Laura Anthony

330 Clemantis Street, Ste 217

West Palm Beach, FL 33401

Fax No. (561) 514-0832

or at such other address as the parties may designate by ten (10) days advance written notice to the other parties hereto.  "Business Day" means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by law to be closed in the state of Florida.

12.5

Governing Law; Section Headings.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York.  The section headings contained in this Agree­ment are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

12.6

Enforcement Costs.

If any legal action or other pro­ceeding is brought for the enforcement of this Agreement, or because of an alleged dispute, breach, default or misrepresenta­tion in connection with any provision of this Agreement, the successful or prevailing party or parties shall be entitled to recover reasonable attorneys' fees, court costs and all expenses even if not taxable as court costs (including, without limita­tion, all such fees, costs and expenses incident to arbitration, appellate, bankruptcy and post-judgment proceedings), incurred in that action or proceeding, in addition to any other relief to which such party or parties may be entitled.

12.7  

Severability.  If any provision of this Agreement shall be declared by any court of competent jurisdiction to be illegal, void or unenforceable, all other provisions of this Agreement shall not be affected and shall remain in full force and effect.

12.8

Survivability.  Except as otherwise set forth in this Agreement, the parties hereto acknowledge that this Agreement shall survive the Closing Date as to the terms and conditions herein.

12.9

Construction.   This Agreement shall not be construed for or against any Party by reason of being responsible for its drafting.

IN WITNESS WHEREOF, Seller and Buyer have caused this Agreement to be duly executed as of the day and year first above written

Seller:

Express Employment Agency Corporation

13

By:________________________

Name:______________________

Title:_______________________

Buyer

Infe-Human Resources of New York, Inc.

By:_________________________

Name:_______________________

Title:________________________

14

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