INDEPENDENT CONTRACTOR AGREEMENT

 

 

                        INDEPENDENT CONTRACTOR AGREEMENT

 

 

This  Independent  Contractor  Agreement  ("Agreement")  is between  ICOA,  Inc.

("Company"),  with its principal place of business at 111 Airport Road, Warwick,

RI 02889 , and Thomas P. Cannon ("Contractor").

 

In  consideration  of the  agreements  set forth  below,  the  parties  agree as

follows:

 

1.0  SCOPE OF SERVICES

 

     Contractor shall furnish services to the Company as described in Exhibit A,

attached  hereto and  incorporated  herein by this reference  (the  "Services").

Contractor  shall  determine  the method,  details and means of  performing  the

Services.

 

2.0  TERM

 

     The Effective Date of the Agreement shall be April 1, 2005.

 

     The term of this  Agreement  ("Term")  shall commence on the Effective Date

and shall  continue  through  October 1, 2005 unless  terminated by either party

pursuant to paragraph 7 or extended by written mutual  agreement of the parties.

.

 

3.0  CONSIDERATION

 

     Company shall pay to Contractor, as consideration for Contractor's complete

performance  of the  Services  the  amount  or  rate  specified  in  Exhibit  A.

Contractor  shall bill Company  monthly,  with payment to be made within  thirty

days of receipt of the invoice from Contractor.  Contractor shall be responsible

for all expenses  incurred in association  with the performance of the Services;

except to the extent such  expenses are  approved in advance by the Company,  in

which case they shall be reimbursed by the Company.

 

4.0  TAXES

 

     Contractor shall have sole  responsibility for payment of any and all taxes

incurred as a result of Contractor's  compensation hereunder,  including but not

limited to, estimated, foreign, federal, state, and local taxes or contributions

imposed or required under unemployment insurance, social security and income tax

laws and for filing all  required  tax forms with respect to any amounts paid by

Company to Contractor  hereunder.  Contractor  further agrees to provide Company

with proof of such payments  upon demand.  Contractor  shall  indemnify and hold

Company harmless against any claim of liability, including penalties, damages or

injuries  suffered by Company  resulting  from failure of Contractor to pay such

taxes or contributions, or failure of Contractor to file any such tax forms.

 

 

                                       1

 

<PAGE>

 

5.0  INVENTIONS, CREATIONS, IMPROVEMENTS OR OTHER DEVELOPMENTS

 

     Contractor shall disclose and does hereby assign to Company, its successors

and  assigns,  any  and  all  inventions,  creations,   improvements,  or  other

developments,  each whether  patentable,  copyrightable or not, which Contractor

may  hereafter  make or assist in making  and  which  result  from the  Services

performed  under this  Agreement.  Contractor  hereby  assigns to  Company,  its

successors  or  assigns,  any  and all  patents,  copyrights,  and  applications

therefore,  both in the United States and in any foreign country,  in connection

with any such inventions,  creations,  improvements, or developments, and to do,

and cause its  employees  to do, any and all acts,  and to  execute  any and all

instruments,  which  Company may  reasonably  request to secure for itself,  its

successors  or  assigns,  any rights  relating  to such  inventions,  creations,

improvements, developments, patents, copyrights, or registrations.

 

6.0  CONFIDENTIALITY

 

     6.1    Except  as   hereinafter  specifically  provided,  all   information

     disclosed by Company to Contractor  pursuant to this Agreement  shall be in

     confidence.  Contractor shall not use such information, except as needed to

     perform  his/her  obligations  under  this  Agreement,  and shall  take all

     reasonable  precautions to prevent such information from being disclosed to

     third parties.  All materials containing such information shall be returned

     to Company upon termination of this Agreement.

 

     6.2    The following information shall not be considered confidential:

 

            (a) Information which was known by Contractor as of the date of this

                Agreement;

 

            (b) Information which  is  publicly  known  as of the  date  of this

                Agreement;

 

            (c) Information which hereafter becomes publicly known,  unless as a

                result of the fault of Contractor; and

 

            (d) Information which Company agrees in writing is not confidential.

 

     6.3    In addition, all information and data developed by Contractor as a

     result of performing  Services under this Agreement shall be transmitted by

     Contractor  to  Company,  shall  become the  property  of Company and shall

     likewise be regarded by  Contractor