Agreement Between Spare Backup and The Carphone Warehouse

Spare Backup entered into a data storage services agreement with The Carphone Warehouse Limited, a company incorporated under the laws of England and Wales, for purposes of providing data backup services for Carphone’s customers. The agreement is for a 12-month term subject to initial renewal periods as elected by the parties. Carphone is obligated to provide its reasonable best efforts to promote the Company’s backup service, and Spare Backup designed the data backup service and will create a backup Web site for Carphone. The Company will invoice Carphone customers directly for all monthly and annual fees and will pay to Carphone a revenue share based on a sliding revenue scale.