Exhibit 10.1

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Management Services and Technology
Consulting Agreement

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between

Adegu Canada Inc.

and

Monar International Inc.

 

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28 January 2011
 

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THIS AGREEMENT dated 28 January, 2011, is between Adegu Canada Inc., a
corporation incorporated under the Canada Business Corporations Act., Canada
(hereinafter referred to as "Adegu") and Monar International Inc. (“Monar"), a
corporation incorporated under the laws of the State of Nevada, USA.

In consideration of the mutual agreement contained herein, the parties hereby
agree as follows:

 
1.  
Management Services and Technology Consulting

 

Service provision
That as Monar wishes to obtain, and as Adegu is willing to provide, general
management services and access to certain technical understandings and
expertise.

Secondment
The Parties have jointly concluded the best and most effective method of
achieving this would be through the person of Medhat Mahmoud (the “Consultant”).
Therefore both agree that the Consultant shall be seconded to Monar for the
duration of this agreement; or as may further be mutually agreed.  The parties
further agree that the Consultant will provide his services from Adegu’s
location in Toronto, except as and to the extent that business requirements
necessitate travel to and/or temporary relocation elsewhere, primarily to
Montreal.

Services to be provided
The Services to be provided by Adegu to Monar shall be general management
services, business planning, product and service development and consulting on
certain technical fields in which the Consultant has specialist technical
expertise. In particular, these services will assess the potential for applying
Adegu’s Smart Screen technology to the development of Monar’s on line
merchandising business, as well as assessing the broader business potential of
Adegu’s Smart Screen technology in other applications.
 
2.  
Compensation

 

Basis of compensation
Adegu shall charge and invoice, and Monar agrees to pay, a monthly fee, as
herein mutually agreed and as from time-to-time may be amended, that reflects
the time and effort devoted by the Consultant to the conduct of business for,
with and on behalf of Monar. Expenses related to travel or relocation out of
Toronto shall be mutually agreed upon and invoiced to Monar.

Compensation
The fee for Management Services and Consulting shall initially be set at a rate
of Canadian Dollars Seven Thousand (CAD 7,000) per month.   The Parties
acknowledge that the first monthly fee has been paid.

Term
The term of this agreement is three (3) months, except as may be amended by
agreement of the Parties.
 
 
 
 
 
 

 
 
 

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3.  
MISCELLANEOUS.

 

Prior Agreements; Amendments
This Agreement supersedes all prior agreements and understandings between the
parties with respect to the subject matter hereof.  This Agreement may be
amended only by a written instrument duly executed by the parties hereto or
their respective successors or assigns.

Headings
The section and paragraph headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretations of
this Agreement.

Governing Law
This Agreement shall be governed by and construed and enforced in accordance
with the laws of Hong Kong, without regard to its conflict-of-laws rules and
venue of any actions brought under this Agreement will be in the courts of Hong
Kong.

Notices
All notices, requests, demands, and other communications hereunder shall be in
writing and shall be deemed to have been duly given if delivered or mailed
(registered or certified mail, postage prepaid, return receipt requested) or by
facsimile, as follows:

If to Adegu:
Adegu Canada Inc.
6 – 581 Scarlett Road
Toronto, ON
Canada
e-mail: MMahmoud <mmahmoud@adegu.com>

If to Monar:
Monar International Inc.
Suite 1302 Sino Favour Centre
1 On Yip Street
Chaiwan, Hong Kong
e-mail:  Robert Clarke <bob@rgclarke.com>

Effect
In the event any portion of this Agreement is deemed to be null and void under
any domestic or foreign law, all other portions and provisions not deemed void
or voidable shall be given full force and effect.

Counterparts
This Agreement may be executed simultaneously in several counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

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IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by Adegu
Canada Inc. and Monar International Inc. on the date first above written.

For and on behalf of
Adegu Canada Inc.
 
 
 
 
AMAL ISMAIL
 
Amal Ismail
President
 
For and on behalf of
Monar International Inc.
 
 
 
 
ROBERT CLARKE
 
Robert Clarke
Director & President

 
 
 
 
 
 
 
 
 

 

 
 

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