Web Hosting Agreement With Lenka Gazova, Dated January 1, 2005

WEB HOSTING SERVICE AGREEMENT


This Web Hosting Service Agreement (this " Agreement" ), made and effective this 1st day of January, 2005, by and between First Source Data, Inc., a company incorporated under the laws of the State of Nevada (the " Company" ), and Lenka Gazova, of 155 Dalhousie Street, Suite 1111, Toronto, Ontario, Canada M5B 2P7 (the " Service Provider" ).


WHEREAS the Company is engaged in the business of providing online management, marketing, consulting, and related services;

AND WHEREAS the Service Provider is in the business of providing web hosting services;

AND WHEREAS the Company wishes to engage the Service Provider to provide web hosting services;

AND WHEREAS the parties to this Agreement agree that it would be in their mutual interests to formalize their contractual relationship;

NOW THEREFORE, THIS AGREEMENT WITNESSES that for and in consideration of the premises and mutual covenants and agreements hereinafter contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto covenant and agree as follows:


CLAUSE 1

SERVICES AND COMPANY RESPONSIBILITIES


1.1.

The Service Provider shall provide to the Company the services set out in Schedule ' A' (the " Services" ).

1.2.

The Service Provider agrees to provide the Services during the term of this Agreement in accordance with the reasonable requirements of the Company and its management.

1.3.

So far as it is not inconsistent with or in conflict with the terms of this Agreement or any other contract to which the Service Provider is a party, the Service Provider is free to engage in any other remunerative contract, calling or occupation, and the Company is free to retain any other person, company, or other entity to provide services similar to or the same as the Services of the Service Provider.


CLAUSE 2

FEES


Web Hosting Service Agreement

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2.1.

For Services performed to the satisfaction of the Company, the Company shall pay the Service Provider as compensation the amounts set out in Schedule ' A' (" Compensation" ) within thirty (30) days of the Effective Date of this Agreement (as defined in sub-clause 3.1 of this Agreement).


2.2.

The above-noted fees include all applicable taxes. The Service Provider shall be liable for all federal, provincial, state and income taxes payable in respect of all amounts payable under this Agreement. The Service Provider agrees that additional fees relating to taxes may be payable under this Agreement and it agrees to indemnify and save harmless the Company, and any of the Company' s officers, directors or servants from any demands or liability in respect of any taxes or levies in respect of the amounts payable under this Agreement.


2.3.

The Company shall have no liability to the Service Provider for any amounts other than as set out in this Agreement.


2.4

If the Service Provider and Company agree in writing to a new Schedule of Compensation to replace that set out in Schedule ' A' , from the time of such agreement Compensation shall be calculated according to the new Schedule.


CLAUSE 3

TERM

3.1.

The term of this Agreement shall begin on the effective date set out on the first page above (the " Effective Date" ) and will continue until terminated in accordance with sub-clause 3.2 below (the " Term" ).


3.2.

This Agreement shall terminate at the earlier of 44 months following the Effective Date or the occurrence of one of the following events:


a) The Service Provider may terminate this Agreement by providing the Company with thirty (30) days' written notice.

b) The Company may terminate this Agreement by providing the Service Provider with thirty (30) days' written notice.

c) Either party may terminate this Agreement without advance notice if the other party ceases to function as a going concern; admits in writing its inability to pay its debts generally as they become due; becomes, or is declared, bankrupt or insolvent; makes, or is deemed to have made, an assignment for the benefit of creditors; seeks the protection of any legislation for the benefit of bankrupt or insolvent debtors; a liquidator, trustee in bankruptcy, custodian, receiver, or any other person with similar powers is appointed over all or part of its assets or applied for; a petition under a bankruptcy or insolvency statute is filed by or against it; or an application is made in respect of it under a company creditors arrangement statute; and the termination of this Agreement in such circumstances shall be effective immediately prior to the occurrence of any of the foregoing ev ents.


Web Hosting Service Agreement

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3.3.

Subject to sub-clauses 3.4 and 3.5 of this Agreement, upon the termination of this Agreement and the Service Provider' s relationship with the Company, neither party shall have any claim against the other party, its directors, officers, employees, subsidiaries, affiliates, and parent company, for damages or any other compensation or relief, arising out of or in respect of this Agreeme ...