International
MASTER DISTRIBUTOR AGREEMENT


 


International Master Distributor Agreement


Entered into on the 13th day of August
2015


 


by and between


 


ECO-LOGICAL CONCEPTS, Inc. (herein called
“COMPANY”)


a US corporation having its principal place
of business at


420 JERICHO TURNPIKE, SUITE 110


JERICHO NY 11753-1319


 


and


 


ECO LOGIC LIMITED. (hereinafter called
“Distributor”)


a New Zealand registered company having
its principal place of business at


2/33 NEWTON STREET, MT MAUNGANUI, TAURANGA,
3116


NEW ZEALAND


 


COMPANY is engaged in the design, manufacture,
distribution, sale and license of the Products and has the right to appoint a distributor thereof, and the Distributor
desires to act as the sole distributor appointed by COMPANY in the Region. In consideration of the mutual promises and
covenants herein contained, the parties hereto agree as follows:


 


	1.	Definitions


 


	 	a)	“Region”
    refers to the territories for which Distributor is hereby granted master distributor rights, listed as follows:


 


All countries on the African continent
and the surrounding Indian Ocean Islands;


 


the countries of the S/W Pacific which
are referred to collectively as Australasia, including:


 


	 	AUSTRALIA	TUVALU	SOLOMON ISLAND
	 	FRENCH POLYNESIA	COCOS KEELING ISLAND	WALLIS FUTUNA
	 	NIUE	NAURU	FIJI
	 	TONGA	PITCAIRN ISLAND	NEW ZEALAND
	 	CHRISTMAS ISLAND	VANUATU	TOKELAU
	 	KIRIBATI	COOK ISLAND	WESTERN SAMOA
	 	PAPUA NEW GUINEA	NEW CALEDONIA	 


 


Germany and The Netherlands


 


	 	b)	“Products” refers to a range of products for use in the biological treatment of wastewater, produced in tablet form and in granular form, currently sold under the following labels: Waste Eze; Trap Eze; Pond Eze; Sept Eze; Porta Eze; Shock Eze.


 




    	 



    	 



    

 


	2.	Sole Distributor


 


a) COMPANY hereby
appoints Distributor, and Distributor agrees to act, as the sole distributor for the Products in the Region during
the term hereof.


 


b) Distributor
shall have the right (i) to use the Products solely for demonstration purposes; (ii) to use the Trademarks solely in connection
with its marketing and distribution of Products hereunder, in accordance with applicable law and COMPANY’s policies
(to include a copy of Company’s policies) regarding Trademark usage as established from time to time; and (iii) to distribute
the Products and their documentation to Customers at prices and on terms determined by Distributor.


 


c) Distributor
agrees to use its best efforts to promote vigorously the marketing and distribution of the Products within the Region.


 


d) Distributor
has the right to assign sub-distributors within the Region.


 


e) Distributor reserves
all rights to the NOVA TABS trademarks (names and logos) and will retain all such rights indefinitely.


 


f) Company shall
label all product manufactured and/or ordered by or for Distributor with the NOVA TABS label and logo provided for
Company’s use by Distributor. Company undertakes not to use, or to supply product using the Nova Tabs
trademark label or name to any parties outside of this agreement. On termination of this agreement all rights to the use of the
Nova Tabs name and logo shall remain with Distributor and Company shall cease to use same and will return or supply
any labels or products bearing the Nova Tabs name or logo or destroy the same in a manner agreed by the parties.


 


g) Distributor
shall at all times conduct its business according to the highest standards and in a manner calculated to protect and promote the
reputation of the Products.


  


	3.	Order Procedure and Terms



 


(a) Orders and Credit


 


Orders for Products will
be placed by Distributor with COMPANY or COMPANY’s authorized source. Distributor will make
payment, in U.S. dollars by wire transfer of immediately available funds to COMPANY or such bank account as COMPANY
shall specify to Distributor in writing, within 7 days after the date of dispatch of the goods.


 


(b) Shipments


 


All shipments of Products
shall be F.O.B. COMPANY’s facility, currently located in Missouri, USA and shall be shipped to Distributor’s
delivery address as specified by Distributor on individual purchase orders.


 




    	 



    	 



    

 


Unless Distributor’s order specifies
the name of a carrier, COMPANY will select the carrier. All arrangements for transportation and insurance at full value
of Products shipped will be made by COMPANY.


 


COMPANY will use reasonable efforts
to make deliveries promptly of order so accepted, but COMPANY will not be liable for any damages to Distributor
or to any other person for any freight line delay.


 


(c) Controlling Terms


 


The terms and conditions
of this Agreement and of the applicable COMPANY invoice or confirmation and Standard Terms and Conditions of Sale will
apply to each order accepted or shipped by COMPANY hereunder.


 


The provisions of Distributor’s
form of purchase order or other business forms, if any, will not apply to any order notwithstanding COMPANY’s acknowledgment
or acceptance of such order.


 


(d) Cancellation


 


COMPANY reserves
the right to cancel orders placed by Distributor if Distributor (i) fails to make any payment as provided in the Agreement
or on the terms of payment set forth in any invoice, (ii) fails to meet reasonable credit or financial requirements established
by COMPANY, including any limitations on allowable credit or (iii) otherwise fails to comply with the terms and conditions
of this Agreement. No such cancellation, refusal or delay shall be deemed a termination (unless COMPANY so advises Distributor)
or breach of this Agreement by COMPANY.


 


	4.	Prices


 


(a) Product Purchase


 


COMPANY shall invoice
Distributor each time Products are shipped. All prices are F.O.B. COMPANY’s facility and include export packaging.


 


Prices are also sole of
any sales, use, excise, value added, withholding or similar tax of any kind Distributor agrees to pay, and to indemnify
and hold COMPANY harmless from any sales, use, excise, value added, withholding or similar tax levied outside of the United
States on the Products.


 


(b) Price List: Pricing fixed for minimum 1
year starting Jan 1, 2015.


 


	5.	Support


 


Distributor shall
provide in a timely fashion the same technical and sales support services to Customers as provided by COMPANY to Distributor.
COMPANY will at its own expense, provide training to distributor and / or distributors sales team in order
for Distributor to perform sales of Products effectively.


 




    	 



    	 



    

 


	6.	Literature, Sales Aids,
    Demonstration Equipment


 


COMPANY will provide
an Initial Marketing Package, with Distributor’s initial order. COMPANY also agrees to provide such price
lists, photographs, video-tapes, pre- releases, demonstration scripts and bulletins prepared by COMPANY in the ordinary
course of business useful to the Distributor in carrying out its responsibilities hereunder. COMPANY will provide
customary support in the form of telephone/fax support, software and documentation updates for the demonstration sets.


 


	7.	Compliance with Governmental
    Regulations


 


The obligation of COMPANY
to supply the products shall be, at all times, subject to any applicable U.S. export control laws and regulation and import
control laws. Distributor will comply with such laws and regulations.


 


Distributor acknowledges
that COMPANY is subject to regulation under laws of the United States, under which export or diversion of COMPANY
Products to certain countries is prohibited.


 


Distributor agrees
that it will not export or re-export outside the Region, directly or indirectly, any Products or technical data relating to Products
without the prior written consent of COMPANY and complying with all applicable regulations.


 


	8.	Relationship Between Parties


 


COMPANY and Distributor
are independent contractors and are not, and shall not represent themselves as, principal and agent or joint ventures. Distributor
shall act as a principal on its own behalf and has no legal power or authority, express or implied, to act for or obligate
COMPANY in any manner.


 


	9.	Proprietary Rights


 


The parties agree not
to disclose to a third party any confidential technical information concerning the Products or any other information of a confidential
nature about COMPANY. The Parties acknowledge that they each retain all copyrights and other proprietary rights to the
Products and Trademarks, and specifically Distributor obtains only the rights to the Products specifically granted in Section
2 hereof.


 


Distributor shall
include a copy of the MSDS sheet for each particular product delivery.


 






    	 



    	 



    

 


	10.	Assignability


 


Neither this Agreement
nor any of the rights granted under it shall be assignable by Distributor without the prior written consent of COMPANY.


 


	11.	Duration


 


This Agreement shall commence
on the date first above written and shall remain in effect for five (5) years and shall be automatically renewed for successive
five (5) year terms if, and continue in effect if, on each 5th anniversary of the date hereof, it has not been terminated by either
party in accordance with any of the terms of this Agreement.


 


	12.	Termination Upon Default


 


This agreement may be terminated as follows:


 


a) by either party by written
notice to the other party if (i) a receiver shall have been appointed over the whole or any substantial part of the assets of the
other party, (ii) a petition or similar document is filed by the other party initiating any bankruptcy or reorganization proceeding
(iii) such a petition is filed against the other party and such proceeding shall not have been dismissed or stayed within 60 days
after such filing.


 


(b) Following the initial
6 months of this agreement, by either party upon written notice if the other party has breached the terms of this Agreement in
any material respect and fails to cure such breach with 60 days after such other party’s receipt of written notice of such
default;


 


	13.	Effect of Termination 


 


Upon termination of this Agreement:


 


(a) COMPANY, at
its option, will repurchase any or all Products then in Distributor’s possession at a price not greater than the
price paid by Distributor for such Products. Upon receipt of any Products so repurchased from Distributor, COMPANY shall
issue an appropriate credit to Distributor’s account.


 


(b) Distributor’s
existing company name is Eco Logic Ltd.. Distributor has the right to retain this name.


 


(c) NEITHER COMPANY
NOR DISTRIBUTOR SHALL BE LIABLE TO THE OTHER FOR DAMAGES OF ANY KIND, INCLUDING INCIDENTAL OR CONSEQUENTIAL DAMAGES,
ON ACCOUNT OF THE TERMINATION OF THIS AGREEMENT FOR ANY REASON.


 






    	 



    	 



    

 


(d) Neither party will
be entitled to any reimbursement in any amount for any training, market development, investments or other costs expended by either
party before the termination of this Agreement.


 


	14.
    	Limited
    Liability


 


IN NO EVENT SHALL COMPANY
BE LIABLE FOR INDIRECT, SPECIAL INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY NATURE WHATSOEVER, INCLUDING WITHOUT LIMITATION
LOSS OF PROFITS, USE OF DATA OR OTHER COMMERCIAL LOSS WHETHER OR NOT COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES. THIS LIMITATION SHALL APPLY TO ANY CLAIM OR CAUSE OF ACTION WHETHER IN CONTRACT OR TORT (INCLUDING NEGLIGENCE), IN LAW
OR EQUITY, STRICT PRODUCT LIABILITY OR OTHERWISE, OR UNDER ANY OTHER THEORY INCLUDING CLAIMS CONCERNING PATENT, COPYRIGHT OR OTHER
PROPRIETARY RIGHTS INFRINGEMENT.


 


	15.	Miscellaneous


 


(a) Notices. All
notices or reports permitted or required under this Agreement must be in writing and must be delivered by personal delivery, telegram,
telex,, facsimile transmission or by certified or registered mail, return receipt requested, and shall be deemed given upon personal
delivery, five (5) days after deposit in the mail, or upon acknowledgment or receipt of electronic transmission. Notices shall
be sent to the address set forth on the signature page of this Agreement or such other address as either party may specify in
writing. All other notices to COMPANY shall be sent to its Principals.


 


(b) Force Majeure.
Neither party will be liable hereunder by reason of any failure or delay in the performance of its obligations hereunder (except
for the payment of money) on account of strikes, shortages, riots, insurrection, fires, flood, storm, explosions, acts of God,
war, governmental action, labor conditions, earthquakes, or any other similar cause which is beyond the reasonable control of such
party.


 


(c) Waiver. The
failure of either party to require performance by the other party of any provision hereof will not affect the full right to require
such performance at any time thereafter nor will the waiver by either party of a breach of any provision hereof be taken or held
to be a waiver of the provision itself.


 


(d) Severability.
In the event that any provision of this Agreement is found to be unenforceable or invalid under any applicable law or is so held
by a court of competent jurisdiction, such unenforceability or invalidity will not render this Agreement unenforceable or invalid
as a whole, and, in such event, such provision will be changed and interpreted so as best to accomplish the objectives of such
unenforceable or invalid provision within the limits of applicable law or applicable court decisions.


 






    	 



    	 



    

 


(e) Hiring of Personnel.
Both parties agree that the hiring and training of personnel by each other to carry out duties pursuant with this contract represents
significant investments. In recognition of this both parties agree:


 


(i) During the term of
this agreement not to enter into any relationship of employment, consultancy or agency with any person who, at any time during
the previous year to the relationship with COMPANY was an employee of the Distributor.


 


(ii) In the event of termination
of this agreement by the COMPANY with the intent of appointing as distributor a selling organization in the territory then COMPANY
agrees, for the duration of one year after expiration of this agreement, not to enter into any relationship of employment,
consultancy or agency, with any person who, at anytime in the twelve months prior to the expiration date of the contract, was
an employee or sub distributor of the Distributor.


 


(f) Governing
Law. This Agreement will be governed in all respects by the laws of the State of New York, U.S.A.. Distributor
hereby irrevocably consents to the personal jurisdiction of the courts of the State of New York, which courts shall have Sole
jurisdiction over any claim or dispute arising hereunder, and to service of process within or without the said State by
certified mail requiring a signed receipt. The parties agree that the United Nations Convention on Contracts for the
International Sales of Goods (1980) is specifically excluded from application to this Agreement.


 


(g) Headings. The
section headings appearing in the Agreement are inserted only as a matter of convenience and in no way define, limit, construe
or describe the scope or extent of such section and in no manner affect this Agreement.


 


(h) Arbitration.
Any claim, dispute or controversy arising out of or in connection with or relating to this Agreement or the breach or alleged breach
of this Agreement will be submitted by the parties to arbitration by the American Arbitration Association in the State of New York,
U.S.A. under the commercial rules then in effect for that Association. All proceedings will be held and a transcribed record prepared
in English. The parties will choose, by mutual agreement, one arbitrator with 30 days of receipt by a party of the other party’s
notice of its intent to arbitrate. If no arbitrator is appointed within the time in this Agreement provided or any extension of
time which is mutually agreed upon, such Association will make such appointment within 30 days of such failure. The award rendered
by the arbitrator shall include costs of arbitration, reasonable attorneys’ fees and reasonable costs for expert and other
witness, and judgment on such award may be entered in any court having jurisdiction thereof.


 


(i) Amendments.
The parties agree that this Agreement may be amended upon mutual agreement of COMPANY and Distributor. Each amendment to
this agreement shall be signed by both parties to this Agreement.


 


(j) Counterparts.
This Agreement may be signed in two counterparts each of which shall be deemed to be original, but which together will form a single
agreement as if both parties had executed the same document.


 


(k) Authority. Each
party warrants that (x) it has full power and authority to enter into and perform its obligations under this Agreement,(y) this
Agreement has been duly authorized by and is binding and enforceable upon such party and (z) the person signing this Agreement
on that party’s behalf has been duly authorized and empowered to enter into this Agreement. Each party further acknowledges
that it has read this Agreement, understands it, and agrees to be bound by it.


 






    	 



    	 



    

 


(l) Approvals. In
each case where approvals or consents of either party are required under this Agreement, such approvals or consents shall not be
unreasonably withheld.


 


(m) Indemnity.
Both COMPANY and the Distributor agree to indemnify each other and hold each other harmless from any losses, claims,
or damages (including attorneys’ fees) incurred as a result of any breach of this Agreement by themselves, or incurred as
a result of any negligence, misrepresentation, error, or omission by either party or its agents or employees.


 


(n) Additional Products.
This agreement shall apply to any new product introduced by COMPANY into its product range.


 


(o) Entire Agreement.
This Agreement sets forth the entire understanding and agreement of the parties as to the matter covered hereby. This Agreement
supersedes, any prior or collateral agreements with respect to the matters covered by this agreement.


  


	EXECUTED by the parties:	 	 	 
	 	 	 	 	 
	COMPANY	 	Distributor
	 	 	 	 	 
	Signature: 	/s/ JOEL FALITZ 	 	Signature: 	/s/ BEN VAN DER WEIDE 
	(Duly Authorized)  	 	(Duly Authorized) 
	 	 	 	 	 
	Name:	JOEL FALITZ	 	Name:	BEN VAN DER WEIDE
	Title: 	PRESIDENT	 	Title: 	MANAGING DIRECTOR