Document:

ex1013.htm

Exhibit 10.13

ASSIGNMENT AND ASSUMPTION AGREEMENT

This Assignment and Assumption Agreement (this “Agreement”) is made as of July 22, 2010 (the “Effective Date”), by and among Thomas Rickards, an individual (“Assignee”), and Energy Telecom, Inc., a Florida corporation (“Assignor”).

W I T N E S S E T H:

WHEREAS, on March 10, 1995, Assignor issued to Sami A. Issa an 18% Promissory Note in the principal amount of $25,000 (the “Issa Note”); and

WHEREAS, on July 16, 1996, Assignor issued to Hopkins Carter Marine Hardware (“Hopkins”) a 12% Promissory Note in the principal amount of $5,000 (the “Hopkins Note” and together with the Issa Note, the “Notes”); and

WHEREAS, as of the Effective Date, the Assignor owed an aggregate of $93,057 pursuant to the Notes, which includes outstanding principal and accrued interest; and

WHEREAS, on the Effective Date, the Assignor agreed to assign to Assignee all of Assignor’s rights, duties and obligations under the Notes and Assignee agreed to accept assignment of such rights, duties and obligations thereunder for 186,114 shares of common stock of Assignor; and

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which the parties acknowledge, Assignor and Assignee, intending to be legally bound, hereby agree as follows:

1. Assignment and Assumption. Effective as of the Effective Date, (a) Assignor hereby conveys, assigns, transfers and delegates to Assignee, its successors and permitted assigns, all of Assignor’s rights, duties and obligations to be performed pursuant to the Notes on or after the Effective Date, and (b) Assignee hereby accepts the above assignment of all of Assignor’s rights, duties and obligations to be performed pursuant to the Notes and agrees to be bound by and to assume such duties and obligations.

2. Compensation. As compensation for Assignee accepting the assignment of all of Assignor’s rights, duties and obligations to be performed pursuant to the Notes, the Assignor shall issue to Assignee 186,114 shares of common stock of Assignor.

3. Representations and Warranties of Assignor. Assignor represents and warrants to Assignee as of the date hereof and as of the Effective Date that:

  

  

  

a. Assignor has the legal right and requisite power and authority to make and enter into this Agreement, and to perform its obligations hereunder and to comply with the provisions hereof. The execution, delivery and performance of this Agreement by Assignor has been duly authorized by all necessary company action on its part.

b. No consent, approval, order or authorization of, or registration, declaration or filing with, any governmental or regulatory authority or any other person or entity (other than any of the foregoing which have been obtained and, at the date in question, are then in effect) is required under existing laws as a condition to the execution, delivery or performance of this Agreement by Assignor.

4. Representations and Warranties of Assignee. Assignee represents and warrants to Assignor as of the date hereof and as of the Effective Date that:

a. Assignee has the legal right and requisite power and authority to make and enter into this Agreement, and to perform its obligations hereunder and to comply with the provisions hereof.

b. No consent, approval, order or authorization of, or registration, declaration or filing with, any governmental or regulatory authority or any other person or entity (other than any of the foregoing which have been obtained and, at the date in question, are then in effect) is required under existing laws as a condition to the execution, delivery or performance of this Agreement by Assignee.

5. Further Assurances. Each party to this Agreement agrees to execute, acknowledge, deliver, file and record, and to cause to be executed, acknowledged, delivered, filed and recorded, such further certificates, instruments, and documents and to do, and cause to be done, all such other acts and things as may be required by law, or as may, in the reasonable opinion of the other party hereto, be necessary or advisable to carry out the purposes of this Agreement.

6. Binding Effect; Amendments. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective legal representatives, successors and assigns. No modification, amendment or waiver of any provision of, or consent or approval required by, this Agreement, nor any consent to or approval of any departure herefrom, shall be effective unless it is in writing and signed by the party against whom enforcement of any such modification, amendment, waiver, consent or approval is sought.

7. Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Florida, without regard to the principles of conflicts of law thereof.  Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in St. Johns County, Florida for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper.  Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery). Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. Each party irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. If either party shall commence an action or proceeding to enforce any provisions of the documents contemplated herein, then the prevailing party in such action or proceeding shall be reimbursed by the other party for its attorney’s fees and other costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding.

  

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8. Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.

9. Entire Agreement.  The Agreement contains the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules

10. Survival.  The representations, warranties, agreements and covenants contained herein shall survive the Closing.

11. No Waiver.   The waiver by any party of the breach of any of the terms and conditions of, or any right under, this Agreement shall not be deemed to constitute the waiver of any other breach of the same or any other term or condition or of any similar right.  No such waiver shall be binding or effective unless expressed in writing and signed by the party giving such waiver.

12. Execution.  This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart.  In the event that any signature is delivered by facsimile transmission, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) the same with the same force and effect as if such facsimile signature page were an original thereof.

[Remainder of page intentionally left blank; signature page follows]

  

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IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Assumption Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

ASSIGNOR:

ENERGY TELECOM, INC.

By: /s/ THOMAS RICKARDS

Name: Thomas Rickards

Title: Chief Executive Officer

ASSIGNEE:

THOMAS RICKARDS

/s/ THOMAS RICKARDS

4ex1014.htm

Contract Distributor Sales Agreement, July 30, 2010

 

	
  

	
*** Certain information in this agreement has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

Exhibit 10.14

 

CONTRACT DISTRIBUTOR SALES AGREEMENT

This Agreement is entered into by and between Tolson Uniforms, of Melbourne, FL, the Contract Distributor (hereafter known as Distributor) and Energy Telecom, Inc. (hereafter known as ENERGY), of St. Augustine, FL

Distributor clearly understands and agrees to be bound by the terms herein, including the ENERGY sales, delivery, service and warranty policies.

TELECOM EYEWEAR PRODUCT FAMILY AND DISPLAY

Contract Distributors must display the entire family of ENERGY telecom eyewear products in a prominent and appropriate section of the retail outlet(s).  Periodically but no less than once each year an updated display plan will be transmitted by ENERGY Technical Support. New ENERGY telecom eyewear products  will automatically be sent to the Distributor.   Specific description of the telecom eyewear product family may be found on Attachment `A'.

GENERAL SALES POLICY

An opening order is required for a Distributor account. Annual sales volume of at least $5,000.00 in ENERGY merchandise at Distributor price is a requirement for annual Distributorship renewal. Products are shipped in accordance with published prices in effect at the time of shipment. The terms and conditions of the ENERGY Sales Policy are in effect for one year from the date of this contract. ENERGY reserves the right to change this Sales Policy without notice.

DISTRIBUTOR QUALIFICATION

All new ENERGY accounts must be personally interviewed and set up by an ENERGY Manager.  Establishment of an ENERGY account is at the sole discretion of ENERGY. Distributors are selected according to their standing in the community and ability to meet ENERGY Distributor qualifications. ENERGY appoints only a limited number of Distributors worldwide. All ENERGY Distributors must maintain a full time place of business and hold a current state sales tax license. Distributor must stock all telecom eyewear and accessory products. Part time or special order Distributors cannot be accepted.

To maintain an ENERGY account, Distributors must:

	
1.  

	
Instruct sales personnel in the technical knowledge necessary to adequately demonstrate and sell ENERGY products.

	
2.  

	
Conduct a year round promotional effort through a catalog, flyers. telemarketing or other means to inform the public that the Distributor stocks ENERGY products.

	
3.  

	
Prominently display ENERGY plaques, decals and other material furnished by ENERGY.

	
4.  

	
Order at least $5,000.00 of ENERGY merchandise each year at Distributor price.

 

CONFIDENTIAL - 1

  

  

  

Contract Distributor Sales Agreement, July 30, 2010

 

DISTRIBUTOR DISCOUNT

Distributor pricing is as shown on Attachment `B'.

MSRP

All products from ENERGY must be sold at Manufacturer's Suggested Retail Price, unless otherwise agreed to in writing by ENERGY.

WEB SITE SALES

Only registered ENERGY Distributors or their registered dealers are authorized to use ENERGY trademarks and copyrighted images on the World Wide Web (www). It is the policy of ENERGY to vigorously enforce the authorized use of its protected trademarks and images. Web sites violating terms of the ENERGY Sales Agreement should be reported to ENERGY.

TERRITORY

Distributors may sell ENERGY products only in areas where they have an active sales presence. Active sales presence is defined as having full time, salaried sales personnel in the field calling on agencies to introduce ENERGY products and service accounts following the sale. Unless otherwise agreed in writing, Distributor may not quote or sell ENERGY products in foreign countries.  Quoting, selling or shipping ENERGY products outside of the designated sales territory will result in termination of the Distributorship, void product warranties and preclude factory repair service. The sale of ENERGY products to other Distributors or resellers is strictly prohibited. Setting or shipping ENERGY products to other Distributors will result in termination of the Distributorship.

RESTOCKING

Contract Distributor agrees that Managers representing ENERGY are authorized to survey and enter a purchase order for any Telecom eyewear products that are out of stock

LABELING

All ENERGY products display Uniform Product Council (UPC) machine readable bar code labels. There is an additional charge for additional product labels.

ORDER CHANGE

Once an order has been entered into the automated shipping system, any changes will require a $25.00 processing fee which will be added to the invoice.

DROP SHIPMENT

ENERGY products will be drop shipped only to locations within the state where the selling Distributor is located.

FREIGHT AND HANDLING

All products are FOB Sunman, Indiana 47041. Shipment is made via UPS wherever possible. A street address (not Post Office Box) is required for all orders, Each ENERGY order is subject to a $5.00 handling charge for the first box and $1.00 for each additional box or a $25.00 per pallet charge. Full freight and handling, excluding UPS Next Day, 2nd Day. 3rd Day and Federal Express charges, is allowed on all orders totaling $1,500.00 or more at Distributor cost when paid in full within 10 days from invoice date. Application for freight and handling allowance must be submitted within 90 days of the invoice date.

 

CONFIDENTIAL - 2

  

  

  

Contract Distributor Sales Agreement, July 30, 2010

 

TERMS

All invoices are Net 30. A 3% discount (less freight) is allowed on orders paid within 10 days of invoice dale. Distributors who do not have an established credit history with ENERGY must provide prepayment by check or money order.

COOPERATIVE ADVERTISING

Cooperative Advertising is available to all Distributors. To quality for Cooperative Advertising funds for a catalog, ENERGY products trust be used in 75% of the photos where items from an ENERGY category of products are featured as auxiliary props in the photo for another product. Competitors products may not be pictured with ENERGY products in such a way that they  may be mistaken for ENERGY products. ENERGY products pictured with competitive products in this manner are not eligible for an advertising allowance.  All Cooperative Advertising must be preapproved and signed by the ENERGY.

MASTER DISTRIBUTOR REBATE QUALIFICATION

To qualify for a rebate under the Master Distributor Program, the Distributor most carry and promote the full line of ENERGY products.

BACK ORDERS

Due to the unprecedented demand for ENERGY products, occasionally ENERGY may be unable to fill an order completely. Back ordered items will be noted on the invoice and shipped as promptly as possible. No shipping charges are billed for back orders sent to Contract Distributors who display a current and complete selection of Energy products.

PAST DUE ACCOUNTS

ENERGY reserves the right to refuse shipment and cancel Distributor discounts on past due accounts. A finance charge of 15% per want (18% per year) is added to all past due balances. This interest rate is modified consistent with prevailing state laws. Accounts past 60 days will be placed on COD status. Accounts past 90 days will be closed.

RETURNED CHECKS

Checks returned by the bank for any reason will be subject to a $30.00 service charge and is cause to terminate this Agreement.

COLLECTION

In the event that collection is required, the Distributor agrees to pay all ENERGY's costs and expenses in securing the unpaid indebtedness including actual attorney fees.

 

 

CONFIDENTIAL - 3

  

  

  

Contract Distributor Sales Agreement, July 30, 2010

 

ORDERING

Include your Distributor number on all orders to insure proper discount. Use product code numbers on all orders. Any order received with incomplete information will be shipped in the most popular configuration.

PRICING

All prices are subject to change without notice.

RETURNS

	
ü  

	
Authorization from the factory or a Return Authorization (RA) Number are not required for return shipments.

	
ü  

	
Only items currently on the ENERGY price list can be returned.

	
ü  

	
Products with expiration dates can only be returned within 90 days of their purchase.

	
ü  

	
Telecom eyewear products require a minimum of one be retained for display.

	
ü  

	
Stock balancing is allowed at the time of return.

	
ü  

	
Non-balanced merchandise returned through no fault of ENERGY is subject to a 20% restocking charge.

	
ü  

	
Refurbishing or repair costs required to put retuned merchandise in new condition will be assessed in addition to the 20% restocking charge.

	
ü  

	
Returns most be shipped prepaid to ENERGY.

	
ü  

	
Invoice numbers on which return items were originally received are required for credit.

SHORTAGE CLAIM

ENERGY is not responsible for shortage or damage incurred during shipment. Contact the carrier to report opened or damaged parcels. Shortage or incorrect order claims against ENERGY must be made within ten (10) days of delivery after which no claims will be accepted.

TERMINATION

This Agreement terminates one year from the date of this contract. In addition, ENERGY retains the right to terminate a Distributorship for cause due to violation of any condition set forth herein. ENERGY retains the option to terminate a Distributorship upon transfer of ownership, failure to meet credit requirements or delinquency of the account. Purchase of less than $5,000.00 of ENERGY merchandise at Distributor cost during any calendar year or the sale, bidding or shipment of ENERGY products into foreign countries in violation of this Agreement constitutes cause for termination.

WARRANTY

All products are warranted to be free from defects in material or workmanship. Specific product warranties are packaged with each item. No warranties will be honored on products sold into foreign countries in violation of the terms and conditions of this Agreement.  In such cases, warranty service or replacement becomes the sole responsibility of the selling Distributor.

SERVICE

Products resumed for warranty repair will be processed on a no charge basis. Repair due to damage or misuse will be billed at a fair and reasonable service rate. Merchandise returned to the factory for service will be processed as promptly as workloads permit. A repair estimate will be provided prior to any non-warranty work. No factory repair service will be provided on products sold into foreign countries in violation of the tennis and conditions of this Agreement, in such cases, service or repair becomes the sole responsibility of the selling Distributor.

 

CONFIDENTIAL - 4

  

  

  

Contract Distributor Sales Agreement, July 30, 2010

 

DIRECT SALES

ENERGY reserves the exclusive right to sell and deliver ENERGY products directly to agencies of the United States Government, foreign governments, its own employees and OEM accounts.

PRODUCT AWARENESS

ENERGY will provide national training and advertising.  Sales aids will be provided to Distributors on a no charge basis at the option of ENERGY.

TRADE SECRETS

This Agreement, all technical information about ENERGY products,  information about the pricing and distribution of ENERGY products and the identities of customers of ENERGY are confidential trade secret information entrusted to Distributor solely for use in its capacity as a Distributor of ENERGY products and shall not be divulged to any person outside of Distributor's employ except with the written consent, or at the written direction of ENERGY.  The terms of this paragraph survive termination of this Agreement.

TRADEMARKS AND TRADE NAMES

Distributor shall not use, except with regard to the resale of ENERGY products, the trademarks and trade names used by ENERGY for the sale of ENERGY products, including, but not limited to Safe-Talk, Energytele.com, the Energy logo, or any similar marks or trade names that may confuse or tend to confuse customers with regard to product origin or endorsement. ENERGY Is the sole and exclusive owner of and has all right, title and interest to its trademarks and trade names and reserves all rights and remedies for infringement thereof. The terms of this paragraph survive termination of this Agreement.

INSTRUCTIONS

All ENERGY products are packaged with complete Instructions. These Instructions most be read in order to ensure that ENERGY products are handled and used in a safe manner. It is the Distributors responsibility to ensure that this material is provided to the customer. Distributors must include this material with each ENERGY product sold.

DISTRIBUTOR INPUT

ENERGY has been built on the input received from Distributors and their customers. Suggestions concerning new products, modifications to existing products or changes in sale procedures, pricing and distribution are encouraged. ENERGY will periodically survey Distributors to obtain input regarding products being considered for intro action. In addition, pre-production samples of new products may be sent to Distributors who serve on the ENERGY Test Panel. Distributors interested in obtaining information concerning a position on the panel should contact the factory.

 

CONFIDENTIAL - 5

  

  

  

Contract Distributor Sales Agreement, July 30, 2010

 

SALES REPRESENTATIVES

For prompt personal attention and professional assistance, contact Energy Telecom, Inc. for the name of the ENERGY Technical Support Manager for your area

APPLICABLE LAW

This Agreement shall be construed and governed by the laws of the Sate of Florida. USA, and all actions based on this Agreement or for breach thereof shall be venued in Circuit Court for the State of Florida, or the United States' Court for the State of Florida.

 

 

	FOR THE CONTRACT DISTRIBUTOR  	 	 	FOR ENERGY TELECOM, INC.	 
	 	 	 	 	 
	
/s/ ERIC M. TOLSON    

	 	 	
 /s/ TOM RICKARDS 

	 
	
SIGNATURE

	 	 	
SIGNATURE

	 
	
 

	 	 	
 

	 

 

	Eric M. Tolson, Co-Owner	 	Tom Rickards, president	 
	 	 	 	 
	NAME (please print)  	 	NAME (please print)	 
	 	 	 	 
	7/30/10   	 	7/30/10	 
	DATE: ________________   	 	DATE: ________________	 

 

                                                                                  

CONFIDENTIAL - 6

  

  

  

Contract Distributor Sales Agreement, July 30, 2010

                                                                                                                                

Attachment `A':

Product Description

Safe-Talk ST-1000 telecommunication eyewear for general phone and music use at home and outdoors:

	
ü  

	
Samsin noise reducing earplugs.

	
ü  

	
Samsin stereo earpieces.

	
ü  

	
Samsin active electronic noise reduction.

	
ü  

	
Impact resistant clear Uvex lenses.

	
ü  

	
Bluetooth V2.1, A2DP, HSP and HFP profiles.

	
ü  

	
USB charging cable and 110VAC adapter.  Charge provides six hours of talk, eight hours of music, seven days on standby.

	
ü  

	
Optional snap-in prescription lense holder.

 

Safe-Talk ST-3000 sight and hearing protection eyewear for phone and walkie-talkie use, with quality stereo music, while near or working in hazardous environments:

 

 

	
ü  

	
Howard Leight disposable noise reducing earplugs tested in accordance with ANSA S.#.19-1074, NRR of 20.

	
ü  

	
High-Fidelity stereo earpieces with Knowles balanced armature drivers with 180Hz-15kHz response.

	
ü  

	
Samsin active electronic noise reduction.

	
ü  

	
Impact resistant clear and dark grey Uvex lenses.

	
ü  

	
Eyewear certified to ANZI Z87.1 and CAN/CSA Z94.3.

	
ü  

	
Bluetooth V2.1, A2DP, HSP and HFP profiles.

	
ü  

	
USB charging cable and 110VAC adapter.  Charge provides six hours of talk, eight hours of music, seven days on standby.

	
ü  

	
Optional snap-in prescription lense holder.

 

 

CONFIDENTIAL - 7

 

  

  

  

Contract Distributor Sales Agreement, July 30, 2010

 

 

Attachment `B':

 

 

Distributor's Pricing

 

 

 

	  	
WHOLESALE PRICING FOR DIRECT SALES

	  
	
MODEL NUMBER

	
200-1,000 units/each

	
1,001-5,000 units/each

	
5,001-20,000 units/each

	
ST-1000

	
[***]

	
[***]

	
[***]

	  	  	  	  
	
ST-3000

	
[***]

	
[***]

	
[***]

	  	  	  	  
	  	  	  	  
	  	
WHOLESALE PRICING FOR DROP-SHIP SALES

	  
	
MODEL NUMBER

	
200-1,000 units/each

	
1,001-5,000 units/each

	
5,001-20,000 units/each

	
ST-1000

	
[***]

	
[***]

	
[***]

	  	  	  	  
	
ST-3000

	
[***]

	
[***]

	
[***]

 

 

Note:  the minimum order for this Agreement is to be established by common agreement of ENERGY and the Contract Dis

 

 

CONFIDENTIAL - 8

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