ex102.htm


 

EXHIBIT 10.2

 

SUPPLY OF SERVICES AGREEMENT

 





 

THIS SUPPLY OF SERVICES AGREEMENT (the “Agreement”) is entered into with effect from 1st July 2009 the “Effective
Date”, between Flex Fuels Energy, Inc a Nevada corporation c/o Office of CSC Services of Nevada Inc, Resident Agent for Flex Fuels Energy Inc, 502 E John Street, Carson City, Nevada, 89706, USA (the “Company”), and Thomas Barr, of 46 Chobham Road, Ottershaw, Surrey KT16 0NN, United Kingdom, whereby Thomas Barr (“the Contractor”) agrees to provide certain services (“the Services”) to the Company. The Parties
to this Agreement are the Company and Thomas Barr.

 





 

NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and agreements contained herein, and for other valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

ARTICLE I :  Definitions and Interpretations

 

1.1 Definitions

 

For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires, the following terms shall have the following respective meanings:

 

“Base Fee” shall have the meaning specified in Section 3.1.

 

“Board of Directors” shall mean the Board of Directors of the Company.

 

“Cause” shall have the meaning specified in Section 4.3.

 

“Company” will also include its subsidiaries, parents and affiliates where it is reasonably logical the use of the word would include such other entities, and include any successor to its business and/or substantially all its assets which executes and delivers the Agreement
as provided for in Section 7.4 or which otherwise becomes bound by all terms and provisions of this Agreement by operation of law.

 

“Confidential Information” shall have the meaning specified in Section 5.1(a).

 

“Disability” shall mean a physical or mental condition of one of the Contractors that, in the good faith judgment of not less than a majority of the Board of Directors, prevents that individual from being able to perform the services required under this Agreement. If
any dispute arises as to whether a Disability has occurred, or whether a Disability has ceased and the Contractor is able to resume duties, then such dispute shall be referred to a licensed physician mutually agreed upon by the Contractor and the Company, which physician will not be any of the Contractor’s regular physicians.  The Contractor shall submit to such examinations and provide information as such physician may request and the determination of such physician as to the Contractor's physical
or mental condition shall be binding and conclusive on the parties.  The Company shall pay the cost of any such physician and examination.

 

 



 



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“Dispute” shall have the meaning specified in Article VI.

 

 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

 

“Expiration Date” shall have the meaning specified in Section 2.2.

 

“Notice of Termination” shall mean a notice purporting to terminate this Agreement in accordance with Section 4.1, 4.2 or 4.3.

 

“Person” shall mean and include an individual, a Partnership, a joint venture, a corporation, a trust and an unincorporated organization.

 

“Incentive Fee” shall have the meaning specified in Section 3.2.

 

“Term” shall have the meaning specified in Section 2.2.

 

“Termination Date” shall mean the termination date specified in a Notice of Termination delivered in accordance with this Agreement.

 

1.2 Interpretations

 

(a) In this Agreement, unless a clear contrary intention appears, (i) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any
particular Article, Section or other subdivision, (ii) reference to any Article or Section, means such Article or Section hereof, (iii) the words “including” (and with correlative meaning “include”) means including, without limiting the generality of any description preceding such term, and (iv) where any provision of this Agreement refers to action to be taken by either party, or which such party is prohibited from taking, such provision shall be applicable whether such action is taken
directly or indirectly by such party.

 

(b) For the avoidance of doubt this Agreement refers to the provision of certain services to be provided by the Contractor.

 

(c) The Article and Section headings herein are for convenience only and shall not affect the construction hereof.

 

(d) For the avoidance of doubt it is specifically agreed between the Parties that nothing in this agreement shall be construed as inferring any employment rights and obligations between the Company and/or any of its subsidiaries and associates
and the Contractor and, as a result, the Company shall have no obligation or right to make any withholding tax deductions, unless required to do so by law. The Contractor warrants and represents to The Company that it shall be solely responsible for any income, social security or other taxation liabilities that are payable on the compensation referred to herein. The Company agrees that it or any subsidiary that benefits from the service provided by Contractor will pay VAT, if any, that is payable or is subsequently
deemed to be payable on invoices raised by the Contractor, even if such VAT is not initially included in invoices by virtue of the Parties understanding that the service provided are not subject to VAT because they are effectively exported and therefore believes to be zero rated.

 

ARTICLE II : Services, Compensation etc.

 

2.1 Service Arrangement

 

The Company agrees to contract with the Contractor to provide the Services of the Contractor as further described herein and the Contractor agrees to provide such services.

 

2.2 Term of Agreement

 

 

 



 



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Unless sooner terminated pursuant to Article IV, the term of this Agreement (the “Term”) shall end on 30th June, 2010, subject to extension as herein provided.  The Term will be automatically
extended by an additional twelve (12) months unless one party gives written notice to the other at least 6 months before the then effective Expiration Date indicating that the party does not extend Term of the Agreement.  If the Term is extended, then the Expiration Date will be automatically extended by a corresponding twelve (12) months.  The right not to extend the Term and corresponding Expiration Date is separate from the right to give a Notice of Termination herein.

 

2.3 Services

 

(a) During the Term of the Agreement, the Contractor shall provide such professional and related services as are commensurate with the position of Chief Executive Officer and to include but not be limited to the development and execution
if the Company plan, financing activities and market communications.  In addition, the Contractor shall agree that the Contractor shall accept appointment as a director and/or officer of the Company and its subsidiaries, as shall be agreed from time to time with the Company, and, as such, the Contractor shall have the responsibilities and authorities designated to him by the bylaws of the Company, if stated therein, and the Board of Directors.

 

(b) During the Term of the Agreement, the Contractor shall (i) report to the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the Board of Directors and the Company that are consistent
with the provisions of this paragraph 2.3.

 

(c) During the Term of the Agreement, the Contractor shall (i) devote his business time, attention, skill and efforts to the faithful and efficient performance of the provision of the Services as is reasonably required, subject always
to a maximum average time commitment by the Contractor of 5 days a week for 46 weeks in any one year (the “Time Commitment”) .

 

(d) The Company acknowledges that the Contractor may occasionally have other clients and that the Contractor may have other commitments which he needs to attend to. The Contractor agrees as follows: (i) that his obligations to provide
service to the Company shall take priority to other commitments and (ii) to not accept any other client that may create a conflict with services to be provided to the Company and (iii) to take reasonable steps to resign his role in relation to any client that may come into conflict with the Company, the Company acknowledges and accepts that the Contractor’s existing directorships and relationships as disclosed in Schedule 1 (“Disclosed Relationships”) to this agreement do not represent an employment
conflict and (iv) to accept the decision of the Board of Directors of the Company as to whether a conflict situation exists and to draw any client situation to the attention of the Board of Directors if the Contractor believes that a conflict does or may arise.

 

(e) During the currency of this Agreement, the Contractor shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public
at large.

 

(f) If elected or appointed thereto, and only for the duration of such elected term or appointment, the Contractor shall, as an integral part of and to facilitate the provision of the Services referred to herein, serve as a director and/or
officer of the Company and any of its subsidiaries and/or in one or more executive positions of any of such subsidiaries, provided that the Contractor is indemnified for serving in any and all such capacities on a basis consistent with that provided by the Company to other directors and executive officers of the Company or similarly situated executive officers of any such subsidiaries.

 

(g) The Contractor represents that there are no restrictions imposed upon him by any covenants or agreements arising out of any prior engagement which materially affect his ability to provide the services set forth in this Agreement.
The Contractor agrees to indemnify and hold the Company harmless for any judgment and related costs, including attorney’s fees, which may be entered against the Company as a result of a breach of any such covenants or violation of any such restrictions, and agrees that any such breach or violation shall qualify for “Cause” termination pursuant to Section 4.3 below.

 

ARTICLE III : Fees and Expenses

 

3.1 Base Fee

 

(a) For services rendered by the Contractor under this Agreement, the Company shall pay to the Contractor a base monthly fee of £7,916 to be paid at the end of each month in GBP to a bank account nominated by the Contractor and maintained
in his name. The amount is exclusive of any VAT that is or may be payable.

 

(b) The Contractor shall be granted such stock warrants as the Company shall for time to time agree to grant as further consideration for the Services and to provide incentive.

 

 



 



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(c) The Contractor shall be entitled to participate in any bonus scheme arrangements that the Company deems as appropriate to incentivize and reward exceptional efforts by the Contractor in carrying out his services.

 

3.2 Incentive Fee

 

During the Term, the Parties may agree from time to time to modify this Agreement so as to engage the Contractor to provide services over and above those set out in this Agreement and/or to provide incentive to the Contractor to add exceptional value such as by virtue of his corporate finance / M&A know-how and expertise and / or network.

 

3.3 Period of Absence

 

The Company accepts that the Contractor may from time to time take vacation from his full time client commitments to the Company (Period of Absence). During such periods the Contractor shall ensure that adequate base coverage is provided by the Contractor so as not to prejudice the quality of the overall service. On no account shall the
Contractor take a Period of Absence other than in accordance with the following: (a) it shall be within the overall average annual Time Commitment calculation; (b) it shall only exceed 14 consecutive business days with the prior agreement of the Board of the Company, which shall not be unreasonably denied.

 

3.4 Expense Reimbursement

 

The Company shall reimburse the Contractor for all reasonable travel and other business expenses incurred by its Contractors in the performance of the Services. Such expenses shall be submitted monthly in arrears and the Contractor shall retain and make available for inspection all supporting
vouchers for the duration of the Agreement. Expense reimbursements shall be made in line with the principles set out in the Companies policies that apply to its employees as modified by agreement from time to time made in writing between the Parties.

 

ARTICLE IV : Termination

 

4.1 Termination by the Contractor

 

The Contractor may, at any time prior to the Expiration Date, terminate the provision of the Agreement for any reason by delivering a Notice of Termination to the Board of Directors.  The Notice of Termination shall be effective not less than three months after the date of the notice and state the effective Termination Date and
if none is specified then the Termination Date will be three months after the date of the Notice of Termination.  The Termination Date under this provision may be beyond the Expiration Date.

 

4.2 Termination by the Company

 

The Board of Directors may, at any time one month after the date of this Agreement and prior to the Expiration Date, terminate the Agreement for any reason by delivering a Notice of Termination to the Contractor.  The Notice of Termination by the Company shall be effective not less than 90 days after the date of the notice and
state the effective Termination Date and if none is specified then the Termination Date will be the 90th day after the date of the Notice of Termination.  The Termination Date under this provision may be beyond the Expiration Date.

 

4.3 Termination for Cause

 

The Company may terminate the Agreement for “Cause” upon the giving of a Notice of Termination to the Contractor, subject to the terms of this sub-part, which shall be effective immediately.  The Notice of Termination for Cause shall state the basis for the notice.  The
Company shall have “Cause” to terminate the Agreement during the Term of this Agreement, if the Contractor’s actions result in:

 

 



 



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(a) Failure to materially provide the Services to a reasonable standard after written notice and reasonable opportunity for cure, all as reasonably determined by the Board of Directors upon a vote of a majority of its members, such vote
not including the Contractor.  Any such notice will allow for a minimum of one (1) month for the Contractor to cure such failure from the date of such notice.  Any determination of whether the Contractor has failed to materially perform his duties shall not be based on performance or the financial condition of the Company or the ability of the Contractor to effectuate such Company performance or financial condition.

 

(b) Conviction of the Contractor of a felony or any crime involving embezzlement or theft during the Term or any embezzlement or theft from the Company whether or not the subject of a conviction; or

 

(c) Serious willful misconduct by the Contractor, including fraud willful dishonesty or the substantial breach of any fiduciary duty owed to the Company.

 

4.4 Resignations

 

In the event of a termination of this Agreement the Contractor shall immediately resign any office or directorship in the Company or any of its Subsidiaries of Associates which he holds by virtue of this Agreement or otherwise this contract is to be replaced with a similar contract under
circumstances where at its sole discretion the Board of Directors shall determine that the Contractor should continue to serve in any office or directorship.

 

4.5 Payment in the event of Termination.

 

(a) After the termination of the Agreement for any reason by the Company, including the inability of the Contractor to provide services due to disability of the Contractor, but other than for Cause, the Company shall pay to the Contractor
the aggregate of (i) any unpaid Base Fee earned by that Contractor hereunder prior to the Termination Date and any unreimbursed expenses, plus an amount equal to the equivalent of the daily per diem rate inherent in the base fee multiplied by the number of excess days spent prior to the Termination Date over the number of days in the current annual period spent in excess of the Time Commitment apportioned on a straight line time basis, AND (ii) an amount, which is to be regarded as compensation for early termination,
equal to the Base Fee which would otherwise have been due from the Termination Date to the then Expiration Date of the then Term, if the Expiration Date is after the Termination Date.

 

(b) Upon termination of the Agreement by the Company for Cause the Company shall pay the Contractor the unpaid Base Fee earned through the Termination Date and unreimbursed, actual expenses incurred by Executive in furtherance of the
Company’s business, subject to any rights of set off for damages to the Company as it asserts.  Except as provided in this agreement or by law, upon termination for Cause, the Company shall have no further financial obligation to Executive.

 

(c) Upon termination of the Agreement by the Contractor (and for this purpose the death of the Contractor shall be regarded as Termination by the Contractor with Notice given from the date of the Contractor’s death) the Company
shall pay the Contractor any unpaid Base Fee earned hereunder prior to the Termination Date and any unreimbursed expenses.

 

ARTICLE V : Confidential Information and Non-Competition

 

5.1 Confidential Information

 

(a) The Contractor recognizes that the services to be performed hereunder are special, unique, and extraordinary and that, by reason of the Agreement, the Contractor may acquire Confidential Information concerning the operation of the
Company, the use or disclosure of which would cause the Company substantial loss and damages which could not be readily calculated and for which no remedy at law would be adequate.  Accordingly, the Contractor  and agrees with the Company that he will not (directly or indirectly) at any time, whether during or after the Term, (i) knowingly use for an improper personal benefit any Confidential Information that the Contractor may learn or has learned by reason of the Agreement with the Company
or (ii) disclose any such Confidential Information to any Person except (A) in the performance of the Contractor’s obligations to the Company hereunder, (B) as required by applicable law, (C) in connection with the enforcement of the Contractor’s rights under this Agreement, (D) in connection with any disagreement, dispute or litigation (pending or threatened) between the Contractor and the Company or (E) with the prior written consent of the Board of Directors.  As used herein, “Confidential
Information” includes information with respect to the operation and performance of the Company, its investments, portfolio companies, products, services, facilities, product methods, research and development, trade secrets and other intellectual property, systems, patents and patent applications, procedures, manuals, confidential reports, product price lists, customer lists, financial information, business plans, prospects or opportunities (including, as applicable, all of the foregoing information
regarding the Company's past, current and prospective portfolio companies); provided, however, that such term, shall not include any information that (x) is or becomes generally known or available other than as a result of a disclosure by the Contractor or (y) is or becomes known or available to the Contractor on a non-confidential basis from a source (other than the Company) that, to the Contractor's knowledge, is not prohibited from disclosing such information to the Contractor by a legal, contractual, fiduciary
or other obligation to the Company.

 

 

 



 



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(b) The Contractor confirms that all Confidential Information is the exclusive property of the Company.  All business records, papers and documents kept or made by the Contractor during the Term relating to the business of the
Company shall be and remain the property of the Company at all times.  Upon the request of the Company at any time, the Contractor shall promptly deliver to the Company, and shall retain no copies of, any written materials, records and documents made or coming into the Contractor’s possession during the Term concerning the business or affairs of the Company other than personal materials, records and documents (including notes and correspondence) of the Contractor not containing proprietary information
relating to such business or affairs.  Notwithstanding the foregoing, the Contractor shall be permitted to retain copies of, or have access to, all such materials, records and documents relating to any disagreement, dispute or litigation (pending or threatened) between them and the Company.

 

5.2 Non-Competition

 

(a) Within the Term of the Agreement and for a period of one year thereafter (such period being the “Restricted Period”), the Contractor shall not, unless the Contractor
receives the prior written consent of the Board of Directors, own a material interest in, manage, operate, join, control, lend money or render financial or other assistance to or participate in or be connected with, as an officer, employee, Contractor, stockholder, consultant or otherwise, any Person that competes with the Company in owning, operating or managing and oilseed crush or biodiesel plant located in England or Wales, or any other business actively being pursued by or developed by the Company during
the Term provided this is in line with the business plan as approved by the board of directors of the Company.

 

(b) The Contractor has carefully read and considered the provisions of this Section 5.2 and, having done so, agrees that the restrictions set forth in this Section 5.2 (including the Restricted Period,
scope of activity to be restrained and the geographical scope) are fair and reasonable and are reasonably required for the protection of the interests of the Company, its officers, directors, employees, creditors and shareholders.  The Contractor understands that the restrictions contained in this Section 5.2 may limit his ability to engage in a business similar to the Company's business, but acknowledges that he will receive sufficiently high remuneration from the Company hereunder to justify such
restrictions.

 

(c) During the Restricted Period, the shall not, whether for his own account or for the account of any other Person (excluding the Company), intentionally (i) solicit, endeavor to entice or induce any employee or contractor of the Company
to terminate the Executive's employment or contractors contract with the Company or accept employment with anyone else or (ii) interfere in a similar manner with the business of the Company including its contracting parties, customers or clients, suppliers, creditors and financiers.

 

(d) In the event that any provision of this Section 5.2 relating to the Restricted Period or the areas of restriction shall be declared by a court of competent jurisdiction to exceed the maximum time period or areas such court deems reasonable
and enforceable, the Restricted Period or areas of restriction deemed reasonable and enforceable by the court shall become and thereafter be the maximum time period and/or areas.

 

5.3 Injunctive Relief

 

The Contractor acknowledges that a breach of any of the covenants contained in this Article V may result in material irreparable injury to the Company for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of such a breach, any payments remaining
under the terms of this Agreement shall cease and the Company shall be entitled to obtain a temporary restraining order or a preliminary or permanent injunction restraining the Contractor from engaging in activities prohibited by this Article V or such other relief as may be required to specifically enforce any of the covenants contained in this Article V.  The Contractor agrees to and hereby does submit to in personal jurisdiction before each and every such court for that purpose.

 

ARTICLE VI : Dispute Resolution

 

6.1 Disputes

 

In the event a dispute shall arise between the parties as to whether the provisions of this Agreement have been complied with (a “Dispute”), the parties agree to resolve such Dispute in accordance with the following procedure:

 

(a) A meeting shall be held promptly between the parties, attended (in the case of the Company) by one or more individuals with decision-making authority regarding the Dispute, to attempt in good faith to negotiate a resolution of the
Dispute.

 

(b) If, within 10 days after such meeting, the parties have not succeeded in negotiating a resolution of the Dispute, the parties agree to submit the Dispute to mediation in accordance with the Commercial Mediation Rules of the American
Arbitration Association except that Disputes with regard to the existence of a Disability shall be resolved in accordance with the definition of the term “Disability” above.

 

 



 



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(c) The parties will jointly appoint a mutually acceptable mediator, seeking assistance in such regard from the American Arbitration Association if they have been unable to agree upon such appointment within 10 days following the 10-day
period referred to in clause (b) above.

 

(d) Upon appointment of the mediator, the parties agree to participate in good faith in the mediation and negotiations relating thereto for 15 days.

 

(e) If the parties are not successful in resolving the Dispute through mediation within such 15-day period, the parties agree that the Dispute shall be settled by arbitration in accordance with the Expedited Procedures of the Commercial
Arbitration Rules of the American Arbitration Association.

 

(f) The fees and expenses of the mediator/arbitrators shall be borne solely by the non-prevailing party or, in the event there is no clear prevailing party, as the mediator/arbitrators deem appropriate.

 

(g) Except as provided above, each party shall pay its own costs and expenses (including, without limitation, attorneys' fees) relating to any mediation/arbitration proceeding conducted under this Article VI.

 

(h) All mediation/arbitration conferences and hearings will be held in the greater London area.

 

(i) In the event there is any disputed question of law involved in any arbitration proceeding, such as the proper legal interpretation of any provision of this Agreement, the arbitrators shall make separate and distinct findings of all
facts material to the disputed question of law to be decided and, on the basis of the facts so found, express their conclusion of the question of law.  The facts so found shall be conclusive and binding on the parties, but any legal conclusion reached by the arbitrators from such facts may be submitted by either party to a court of law for final determination by initiation of a civil action in the manner provided by law.  Such action, to be valid, must be commenced within 20 days after receipt
of the arbitrators' decision.  If no such civil action is commenced within such 20-day period, the legal conclusion reached by the arbitrators shall be conclusive and binding on the parties.  Any such civil action shall be submitted, heard and determined solely on the basis of the facts found by the arbitrators.  Neither of the parties shall, or shall be entitled to, submit any additional or different facts for consideration by the court.  In the event any civil action
is commenced under this paragraph (i), the party who prevails or substantially prevails (as determined by the court) in such civil action shall be entitled to recover from the other party all costs, expenses and reasonable attorneys' fees incurred by the prevailing party in connection with such action and on appeal.

 

(j) Except as limited by paragraph (i) above, the parties agree that judgment upon the award rendered by the arbitrators may be entered in any court of competent jurisdiction.  In the event legal proceedings are commenced to
enforce the rights awarded in an arbitration proceeding, the party who prevails or substantially prevails in such legal proceeding shall be entitled to recover from the other party all costs, expenses and reasonable attorneys' fees incurred by the prevailing party in connection with such legal proceeding and on appeal.

 

(k) Except as provided above, (i) no legal action may be brought by either party with respect to any Dispute and (ii) all Disputes shall be determined only in accordance with the procedures set forth above.

 

ARTICLE VII : Miscellaneous

 

7.1 Assignability

 

The obligations of the Contractor hereunder are personal to the Contractor and may not be assigned or delegated by the Contractor or transferred in any manner whatsoever, nor are such obligations subject to involuntary alienation, assignment or transfer.  The Company shall have the right to assign this Agreement and to delegate
all rights, duties and obligations hereunder as provided in Section 4, provided always that it will continue to be liable for the obligations of the assignee in the event of default by the assignee.

 

7.2 Notices

 

All notices and all other communications provided for in the Agreement shall be in writing and addressed (i) if to the Company, addressed at its principal office address or such other address as it may have designated by written notice to the Executive for purposes hereof, directed to the attention of the CEO with a copy to the Secretary
of the Company and (ii) if to the Contractor, at the address written above, or to such other address as the Contractor may have designated to the Company in writing for purposes hereof.  Each such notice or other communication shall be deemed to have been duly given when delivered to the receiving party by registered post to the address referred to above where such delivery requires signature as proof of delivery by the receiving party.

 

7.3 Severability

 

The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.

 

7.4 Successors: Binding Agreement

 

(a) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance reasonably
acceptable to the Contractor, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.  Failure of the Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement.

 

(b) This Agreement and all rights of the Contractor hereunder shall inure to the benefit of and be enforceable by the Contractor’s personal or legal representatives, executors, administrators, successors, heirs, distributes, devisees
and legatees.  If the Contractor should die while any amounts would be payable to the Contractor hereunder if the Contractor had continued to live, all such amounts, unless otherwise provided herein, shall be paid, in an amount calculated in accordance with the terms of this Agreement, to the Contractor’s devisee, legatee, or other designee (as notified to the Company) or, if there be no such designee, to the Contractor's estate. For the avoidance of doubt the Company agrees that such payments
will be made in this manner.

 

 



 



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7.5 Amendments and Waivers

 

No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by the Company.  No waiver by either party hereto at any time of any breach by the other party hereto of, or in compliance with, any condition or provision of this Agreement to
be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.

 

7.6 Entire Agreement, Termination of Other Agreements

 

This Agreement is an integration of the parties' agreement and no agreement or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party that are not set forth expressly in this Agreement. This Agreement supersedes any and all previous agreements, oral or otherwise,
express or implied, with respect to the subject matter hereof between the parties.

 

7.7 Governing Law

 

THE VALIDITY, INTERPRETATION, CONSTRUCTION AND PERFORMANCE OF THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF ENGLAND AND WALES.

 

7.8 Counterparts

 

This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together will constitute one and the same instrument.

 

[Signature page follows]

 

 

 



 



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IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the date first above written.

 



	 	FLEX FUELS ENERGY, INC.	 
	 	 	 	 
	
 
	
By: 
	/s/ Robert Galvin 	 
	 	 	Name: ROBERT GALVIN	 
	 	 	Chief Financial Officer & Director	 
	 	 	 	 






	 	THE CONTRACTOR	 
	 	 	 	 
	
 
	
By: 
	/s/  Thomas Barr   	 
	 	 	Name: Thomas Barr	 
	 	 	 	 
	 	 	 	 




 

 



 



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Schedule 1

 





 

Disclosed Relationships

 





 

NONE.

 





 

 

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