Document:

Adoption Agreement

 Exhibit 10.3 
  
 The CORPORATEplan for RetirementSM 
 EXECUTIVE PLAN 
  
 Adoption
Agreement 
  
 IMPORTANT NOTE 
  
 This document has not been approved by the Department of Labor, the Internal Revenue
Service or any other governmental entity. An Adopting Employer must determine whether the plan is subject to the Federal securities laws and the securities laws of the various states. An Adopting Employer may not rely on this document to ensure any
particular tax consequences or to ensure that the Plan is “unfunded and maintained primarily for the purpose of providing deferred compensation to a select group of management or highly compensated employees” under the Employee Retirement
Income Security Act with respect to the Employer’s particular situation. Fidelity Management Trust Company, its affiliates and employees cannot provide you with legal advice in connection with the execution of this document. This document
should be reviewed by the Employer’s attorney prior to execution. 

  
 ADOPTION AGREEMENT

 ARTICLE 1 
  

	1.01	PLAN INFORMATION 

  

	 	(a)	Name of Plan: 

  
 This is the RCSH Management Inc. Deferred Compensation Plan (the “Plan”). 
  

	 	(b)	Name of Plan Administrator, if not the Employer: 

  

			
	 	  	 
	Address:	  	 Administrative Committee, Attn. Dione Heusel
 3321
Hessmer Ave.

	 	  	Metairie, LA 70002
		
	Phone Number:	  	504-454-9025

  
 The Plan
Administrator is the agent for service of legal process for the Plan. 
  

	 	(c)	Plan Year End is December 31. 

  

	 	(d)	Plan Status (check one): 

  

	 	(1)    þ	Effective Date of new Plan: 11/15/2005 

  

	 	(2)     ̈	Amendment Effective Date: ______________ 

  
 The original effective date of the Plan: ____________ 
  

	1.02	EMPLOYER 

  

					
	 (a)
	  	The Employer is:	  	RCSH Management Inc.
			
	 	  	Address:	  	 3321 Hessmer Ave.
 Metairie, LA
70002

	 	  	Contact’s Name:	  	Dione M. Heusel
	 	  	Telephone Number:	  	504-454-9025

  

	 	(1)	Employer’s Tax Identification Number: 72-1461294 

  

	 	(2)	Business form of Employer (check one): 

  

	 	(A)  þ	Corporation (Other than a Subchapter S corporation) 

  

	 	(B)   ̈	Other (e.g., Subchapter S corporation, partnership, sole proprietor) 

  

	 	(3)	Employer’s fiscal year end: last Sunday of the year 

  

 1 

	 	(b)	The term “Employer” includes the following Related Employer(s) 

 (as defined in Section 2.01 (a) (24)): 
  
 Ruth’s Chris Steak House, Inc. and all Related Employers 
  

	1.03	COVERAGE 

  

	 	(a)	The following Employees are eligible to participate in the Plan: 

  

	 	(1)     ̈	Only those Employees listed in Attachment A will be eligible to participate in the Plan. 

  

	 	(2)    þ	Only those Employees in the eligible class described below will be eligible to participate in the Plan: 

  
 Regional Vice President, Vice President, Senior Vice President, Executive Vice President, President. Employment title is
determined upon the date of hire or, if by promotion, as of the effective date stated in the Employee’s Personnel Action Request. Each individual with the above-named employment titles must have received or, pursuant to a salary increase or
bonus, expects to be paid annual compensation equal to or in excess of the definition of highly-compensated employee under Code Section 414(q)(l)(B) and each individual must be eligible for a company bonus. However, if the Administrator should
determine that the foregoing eligibility provision is such that the Plan would not be deemed maintained “primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees”, i.e. a
“top-hat plan” for purposes of ERISA, the Plan Administrator shall narrow the eligibility to the extent necessary in the Plan Administrator’s judgment in order to maintain the Plan’s status as a top-hat plan. If an Employee fails
to meet the eligibility requirements in the immediately preceding year such Employee will cease to be eligible to participate in the Plan. 
  

	 	(3)     ̈	Only those Employees described in the Board of Directors Resolutions attached hereto and hereby made a part hereof will be eligible to participate in the Plan.

  

	 	(b)	The Entry Date(s) shall be (check one): 

  

	 	(1)     ̈	each January 1. 

  

	 	(2)     ̈	each January 1 and each July 1. 

  

	 	(3)    þ	each January 1 and each April 1, July 1 and October 1. 

  

	 	(4)     ̈	the first day of each month. 

  

	 	(5)     ̈	immediate upon meeting the eligibility requirements specified in Subsection 1.03 (a). 

  

 2 

	1.04	COMPENSATION 

  
 For purposes of determining Contributions under the Plan, Compensation shall be as defined (check (a) or (b) below, as appropriate):

  

	 	(a)    þ	in Section 2.01(a)(8), (check (1) or (2) below, if and as appropriate)): 

  

	 	(1)     ̈	but excluding (check the appropriate box(es)): 

  

	 	(A)     ̈	Overtime Pay. 

  

	 	(B)     ̈	Bonuses. 

  

	 	(C)     ̈	Commissions. 

  

	 	(D)     ̈	The value of a qualified or a non-qualified stock option granted to an Employee by the Employer to the extent such value is includable in the Employee’s taxable income.

  

	 	(E)     ̈	The following: ___________________________________________________________ 

  

	 	(2)     ̈	except as otherwise provided below: ____________________________________________________________________________ 

  

	 	(b)     ̈	in the __________________ Plan maintained by the Employer to the extent it is in excess of the limit imposed under Code Section 401(a)(17).

  

	1.05	CONTRIBUTIONS 

  

	 	(a)	Employee contributions (Complete all that apply) 

  

	 	(1)    þ	Deferral Contributions. The Employer shall make a Deferral Contribution in accordance with, and subject to, Section 4.01 on behalf of each Participant who has an executed
salary reduction agreement in effect with the Employer for the calendar year (or portion of the calendar year) in question, not to exceed 100 % of Compensation, exclusive of any Bonus. 

  

	 	(2)    þ	Bonus Contributions. The Employer requires Participants to enter into a special salary reduction agreement to make Deferral Contributions of any percentage of Employer paid cash
Bonuses, up to 100% of such Bonuses. (The Compensation definition elected by the Employer in Section 1.04 must include Bonuses if Bonus contributions are permitted.) 

  

	 	(b)     ̈	Matching Contributions (Choose (1) or (2) below, and (3) below, as applicable.) 

  

	 	(1)     ̈	The Employer shall make a Matching Contribution on behalf of each Participant in an amount equal to the following percentage of a Participant’s Deferral Contributions during
the Plan Year (check one): 

  

	 	(A)     ̈	50% 

  

	 	(B)     ̈	100% 

  

	 	(C)     ̈	_____% 

  

	 	(D)     ̈	(Tiered Match) _____% of the first _______% of the Participant’s Compensation contributed to the Plan. 

  

 3 

	 	(E)     ̈	The percentage declared for the year, if any, by a Board of Directors’ resolution. 

  

	 	(F)     ̈	Other:     ____________ 

  

	 	(2)     ̈	Matching Contribution Offset. For each Participant who has made 401 (k) Deferrals at least equal to the maximum under Code Section 402(g) or, if less, the maximum
permitted under the Qualified Plan, the Employer shall make a Matching Contribution for the calendar year equal to (A) minus (B) below: 

  

	 	(A)	The 401(m) Match that the Participant would have received under the Qualified Plan for such calendar year on the sum of the Participant’s Deferral Contributions and the
Participant’s 401(k) Deferrals if no limits otherwise imposed by tax law applied to 401 (m) Match and deeming the Participant’s Deferral Contributions to be 401 (k) Deferrals. 

  

	 	(B)	The 401(m) Match actually allocated to such Participant under the Qualified Plan for the calendar year. 

  
 For purposes of this Section 1.05(b): “Qualified Plan” means the Plan; “401(k) Deferrals” means
contributions under the Qualified Plan’s cash or deferred arrangement as defined in Code Section 401 (k); and “401 (m) Match” means a matching contribution as defined in Code Section 401 (m). 
  

	 	(3)     ̈	Matching Contribution Limits (check the appropriate box(es)): 

  

	 	(A)     ̈	Deferral Contributions in excess of _____% of the Participant’s Compensation for the period in question shall not be considered for Matching Contributions.

  

	 	Note:  	If the Employer elects a percentage limit in (A) above and requests the Trustee to account separately for matched and unmatched Deferral Contributions, the Matching
Contributions allocated to each Participant must be computed, and the percentage limit applied, based upon each period. 

  

	 	(B)     ̈	Matching Contributions for each Participant for each Plan Year shall be limited to $.____ 

  

	 	(4)	Eligibility Requirement(s) for Matching Contributions. A Participant who makes Deferral Contributions during the Plan Year under Section 1.05 (a) shall be
entitled to Matching Contributions for that Plan Year if the Participant satisfies the following requirement(s) (Check the appropriate box(es). Options (B) and (C) may not be elected together): 

  

	 	(A)     ̈	Is employed by the Employer on the last day of the Plan Year. 

  

	 	(B)     ̈	Earns at least 500 Hours of Service during the Plan Year. 

  

	 	(C)     ̈	Earns at least 1,000 Hours of Service during the Plan Year. 

  

	 	(D)     ̈	Other: ___________________ 

  

	 	(E)     ̈	No requirements. 

  

 4 

 Note: If option (A), (B) or (C) above is selected, then Matching Contributions can only
be made by the Employer after the Plan Year ends. Any Matching Contribution made before Plan Year end shall not be subject to the eligibility requirements of this Section 1.05(b)(3)). 
  

	 	(c)	Employer Contributions 

  

	 	(1)     ̈	Fixed Employer Contributions. The Employer shall make an Employer Contribution on behalf of each Participant in an amount determined as described below (check at least one):

  

	 	(A)     ̈	In an amount equal to _____% of each Participant’s Compensation each Plan Year. 

  

	 	(B)     ̈	In an amount determined and allocated as described below: ________________________ 

  

	 	(C)     ̈	In an amount equal to (check at least one): 

  

	 	(i.)     ̈	Any profit sharing contribution that the Employer would have made on behalf of the Participant under the following qualified defined contribution plan but for the limitations
imposed by Code Section 401(a)(17): _________________ 

  

	 	(ii.)     ̈	Any contribution described in Code Section 401 (m) that the Employer would have made on behalf of the Participant under the following qualified defined contribution plan
but for the limitations imposed by Code Section 401(a)(17): _________ 

  

	 	(2)     ̈	Discretionary Employer Contributions. The Employer may make Employer Contributions to the accounts of Participants in any amount, as determined by the Employer in its sole
discretion from time to time, which amount may be zero. 

  

	 	(3)	Eligibility Requirement(s) for Employer Contributions. A Participant shall only be entitled to Employer Contributions under Section 1.05(c)(l) for a
Plan Year if the Participant satisfies the following requirement(s) (Check the appropriate box(es). Options (B) and (C) may not be elected together): 

  

	 	(A)     ̈	Is employed by the Employer on the last day of the Plan Year. 

  

	 	(B)     ̈	Earns at least 500 Hours of Service during the Plan Year. 

  

	 	(C)     ̈	Earns at least 1,000 Hours of Service during the Plan Year. 

  

	 	(D)     ̈	Other: _____________ 

  

	 	(E)     ̈	No requirements. 

  

 5 

	1.06	DISTRIBUTION DATES 

  
 Distribution from a Participant’s Account pursuant to Section 8.02 shall begin upon the following date(s) (check either (a) or (b); check
(c), if desired): 
  

	 	(a)     ̈	Non-Class Year Accounting (complete (I) and (2)). 

  

	 	(1)	The earliest of termination of employment with the Employer (see Plan Section 7.03) and the following event(s) (check appropriate box(es); if none selected, all distributions
will be upon termination of employment): 

  

	 	(A)     ̈	Attainment of Normal Retirement Age (as defined in Section 1.07(f)). 

  

	 	(B)     ̈	Attainment of Early Retirement Age (as defined in Section 1.07(g)). 

  

	 	(C)     ̈	The date on which the Participant becomes disabled (as defined in Section 1.07(h)). 

  

	 	(2)	Timing of distribution (check either (A) or (B)). 

  

	 	(A)     ̈	The distribution of the Participant’s Account will be begin in the month following the event described in (a)(1) above, however, if the event is termination of employment, then
such distribution will begin as soon as practicable on or after the 1st day of the seventh calendar month following such separation if the Participant was a Key Employee. 

  

	 	(B)     ̈	The distribution of the Participant’s Account will begin as soon as administratively feasible in the calendar year following distribution event described in (a)(l) above,
provided however, that if the event is termination of employment, in no event will such distribution begin earlier than the 1st day of the seventh calendar month following such separation if the Participant was a Key Employee.

  

	 	(b)    þ	Class Year Accounting (complete (1) and (2)). 

  

	 	(1)	Upon (check at least one; (A) must be selected if plan has contributions pursuant to section 1.05(b) or (c)): 

  

	 	(A)    þ	Termination of employment with the Employer (see Plan Section 7.03); provided however, that if the event is termination of employment, in no event will such distribution begin
earlier than the 1st day of the seventh calendar month following such separation if the Participant was a Key Employee. 

  

 6 

	 	(B)    þ	The date elected by the Participant, pursuant to Plan Section 8.02, and subject to the restrictions imposed in Plan Section 8.02 with respect to future Deferral
Contributions, in which event such date of distribution must be at least one year after the date such Deferral Contribution would have been paid to the Participant in cash in the absence of the election to make the Deferral Contribution.

  

	 	(2)	Timing of distribution subject to Subsection (b)(1)(A) above (check either (A) or (B)). See Amendment 

  

	 	(A)    þ	The Distribution of the Participant’s Account will begin ______ (specify month and day) following the event described in (b)(1) above. 

  

	 	(B)     ̈	The Distribution of the Participant’s Account will begin _________ (specify month and day) of the calendar year following the event described in (b)(1) above.

  

	 	(c)    þ	Upon a Change of Control in accordance with Plan Section 7.08. 

  
 See Amendment 
  
 Note: Internal Revenue Code Section 280G could impose certain, adverse tax consequences on both Participants and the Employer as a result of the
application of this Section 1.06(c). The Employer should consult with its attorney prior to electing to apply Section 1. 06(c). 
  

	1.07	VESTING SCHEDULE 

  

	 	(a)	The Participant’s vested percentage in Matching Contributions elected in Section 1.05(b) shall be based upon the schedule(s) selected below.

  

	 	(1)    þ	N/A - No Matching Contributions 

  

	 	(2)     ̈	100% Vesting immediately 

  

	 	(3)     ̈	3 year cliff (see C below) 

  

	 	(4)     ̈	5 year cliff (see D below) 

  

	 	(5)     ̈	6 year graduated (see E below) 

  

	 	(6)     ̈	7 year graduated (see F below) 

  

	 	(7)     ̈	G below 

  

	 	(8)     ̈	Other (Attachment “B”) 

  

 7 

																
	 	  	Vesting Schedule

	 
	 Years of
 Service for

Vesting

	  	C

	 	 	D

	 	 	E

	 	 	F

	 	 	G

	 
	0	  	0	%	 	0	%	 	0	%	 	0	%	 	 	 
	1	  	0	%	 	0	%	 	0	%	 	0	%	 	 	 
	2	  	0	%	 	0	%	 	20	%	 	0	%	 	 	 
	3	  	100	%	 	0	%	 	40	%	 	20	%	 	 	 
	4	  	100	%	 	0	%	 	60	%	 	40	%	 	 	 
	5	  	100	%	 	100	%	 	80	%	 	60	%	 	 	 
	6	  	100	%	 	100	%	 	100	%	 	80	%	 	 	 
	7	  	100	%	 	100	%	 	100	%	 	100	%	 	100	%

  

	 	(b)	The Participant’s vested percentage in Employer Contributions elected in Section 1.05(c) shall be based upon the schedule(s) selected below.

  

	 	(1)    þ	N/A - No Employer Contributions 

  

	 	(2)     ̈	100% Vesting immediately 

  

	 	(3)     ̈	3 year cliff (see C below) 

  

	 	(4)     ̈	5 year cliff (see D below) 

  

	 	(5)     ̈	6 year graduated (see E below) 

  

	 	(6)     ̈	7 year graduated (see F below) 

  

	 	(7)     ̈	G below 

  

	 	(8)     ̈	Other (Attachment “B”) 

  

																
	 	  	Vesting Schedule

	 
	 Years of
 Service for

Vesting

	  	C

	 	 	D

	 	 	E

	 	 	F

	 	 	G

	 
	0	  	0	%	 	0	%	 	0	%	 	0	%	 	 	 
	1	  	0	%	 	0	%	 	0	%	 	0	%	 	 	 
	2	  	0	%	 	0	%	 	20	%	 	0	%	 	 	 
	3	  	100	%	 	0	%	 	40	%	 	20	%	 	 	 
	4	  	100	%	 	0	%	 	60	%	 	40	%	 	 	 
	5	  	100	%	 	100	%	 	80	%	 	60	%	 	 	 
	6	  	100	%	 	100	%	 	100	%	 	80	%	 	 	 
	7	  	100	%	 	100	%	 	100	%	 	100	%	 	100	%

  

	 	(c)     ̈	Years of Service for Vesting shall exclude (check one): 

  

	 	(1)     ̈	for new plans, service prior to the Effective Date as defined in Section 1.01(d)(l). 

  

	 	(2)     ̈	for existing plans converting from another plan document, service prior to the original Effective Date as defined in Section 1.01(d)(2). 

  

 8 

	 	(d)     ̈	A Participant will forfeit his Matching Contributions and Employer Contributions upon the occurrence of the following event (s): _______________________

  

	 	(e)	A Participant will be 100% vested in his Matching Contributions and Employer Contributions upon (check the appropriate box(es), if any; if 1.06(c) is selected, Participants
will automatically vest upon Change of Control as defined in Section 1.12): 

  

	 	(1)     ̈	Normal Retirement Age (as defined in Section 1.07(f)). 

  

	 	(2)     ̈	Early Retirement Age (as defined in Section 1.07(g)). 

  

	 	(3)     ̈	Death. 

  

	 	(4)     ̈	The date on which the Participant becomes disabled, as determined under Section 1.07(h) of the Plan. 

  

	 	(f)	Normal Retirement Age under the Plan is (check one): 

  

	 	(1)    þ	age 65. 

  

	 	(2)     ̈	age ____ (specify from 55 through 64). 

  

	 	(3)     ̈	the later of age _____ (cannot exceed 65) or the fifth anniversary of the Participant’s Commencement Date. 

  
 If no box is checked in this Section 1.07(f), then Normal Retirement
Age is 65. 
  

	 	(g)     ̈	Early Retirement Age is the first day of the month after the Participant attains age _ (specify 55 or greater) and completes _________ Years of Service for
Vesting. 

  

	 	(h)     ̈	A Participant is considered disabled when that Participant (check one): 

  

	 	(1)     ̈	is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months. 

  

	 	(2)     ̈	is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less
than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering employees of the Employer. 

  

 9 

	1.08	PREDECESSOR EMPLOYER SERVICE 

  

	 	 ̈	Service for purposes of vesting in Section 1.07(a) and (b) shall include service with the following employer(s): 

  

	1.09	UNFORESEEABLE EMERGENCY WITHDRAWALS 

  
 Participant withdrawals for unforeseeable emergency prior to termination of employment (check one): 
  

	 	(a)    þ	will be allowed in accordance with Section 7.07, subject to a $ 25,000 minimum amount. (Must be at least $1,000)

  

	 	(b)     ̈	will not be allowed. 

  

	1.10	DISTRIBUTIONS 

  
 Subject to Articles 7 and 8 distributions under the Plan are always available as a lump sum. Check below to allow distributions in installment
payments: 
  

	 	þ	under a systematic withdrawal plan (installments) not to exceed 10 years which (check one if box for this Section is selected): 

  

	 	(a)     ̈	will not be accelerated, regardless of the Participant’s Account balance. 

  

	 	(b)     ̈	will be accelerated to a lump sum distribution in accordance with Section 8.03. 

  

	1.11	INVESTMENT DECISIONS 

  

	 	(a)	Investment Directions 

  
 Investments in which the Accounts of Participants shall be treated as invested and reinvested shall be directed (check one): 
  

	 	(1)     ̈	by the Employer among the options listed in (b) below. 

  

	 	(2)    þ	by each Participant among the options listed in (b) below. 

  

	 	(3)     ̈	in accordance with investment directions provided by each Participant for all contribution sources in a Participant’s Account except the following sources shall be invested as
directed by the Employer (check (A) and/or (B)): 

  

	 	(A)     ̈	Nonelective Employer Contributions 

  

	 	(B)     ̈	Matching Employer Contributions 

  
 The Employer must direct the applicable sources among the same investment options made available for Participant directed sources listed in the Service
Agreement. 
  

 10 

	 	(b)	Plan Investment Options 

  
 Participant Accounts will be treated as invested among the Investment Funds listed in the Service Agreement from time to time pursuant to Participant
and/or Employer directions, as applicable. 
  

	 	Note:	The method and frequency for change of investments will be determined under the rules applicable to the selected funds. Information will be provided regarding expenses, if
any, for changes in investment options. 

  

	1.12	RELIANCE ON PLAN 

  
 An adopting Employer may not rely solely on this Plan to ensure that the Plan is “unfunded and maintained primarily for the purpose of providing
deferred compensation for a select group of management or highly compensated employees” with respect to the Employer’s particular situation. This Agreement must be reviewed by the Employer’s attorney before it is executed. 

 
 This Adoption Agreement may be used only in conjunction with the
CORPORATEplan for Retirement Executive Plan Basic Plan Document. 
  

 11 

  
 EXECUTION PAGE

 (Fidelity’s Copy) 
  
 IN WITNESS WHEREOF, the Employer has caused this Adoption Agreement to be executed this ________________ day of ______________, 20__ . 
  

			
		
	 Employer  
	 	 
		
	By	 	 
		
	Title	 	 

  

			
		
	 Employer  
	 	 
		
	By	 	 
		
	Title	 	 

  

 12 

  
 EXECUTION PAGE

 (Employer’s Copy) 
  
 IN WITNESS WHEREOF, the Employer has caused this Adoption Agreement to be executed this __________ day of _________________, 20__. 
  

			
		
	 Employer  
	 	 
		
	By	 	 
		
	Title	 	 

  

			
		
	 Employer  
	 	 
		
	By	 	 
		
	Title	 	 

  

 13 

  
 Attachment A

  
 Pursuant to Section 1.03(a), the following are the Employees who
are eligible to participate in the Plan: 
  

			
		
	Employer  	 	 
		
	By	 	 
		
	Title	 	 
		
	Date	 	 

  

	Note:	The Employer must revise Attachment A to add Employees as they become eligible or delete Employees who are no longer eligible. Attachment A should be signed and dated every
time a change is made. 

  

 14 

  
 Attachment B

  

	(a)     ̈	The Participant’s vested percentage in Matching Contributions elected in Section 1.05(b) shall be based upon the following schedule:

  
 _____________________________________________________________________________________ 
  

	(b)     ̈	The Participant’s vested percentage in Employer Contributions elected in Section 1.05(c) shall be based upon the following schedule:

  
 _____________________________________________________________________________________ 
  

 15DISTRIBUTOR AGREEMENT

 

 

1.           THE  PARTIES:  WELLTEC USA, LLC, a Delaware,
U.S.A. Limited Liability Company,  having its registered offices at 21828 Lassen
Street, Unit G, Chatsworth, California 91311,  U.S.A., on the one part
and hereinafter  called  “SUPPLIER,”  and GRANT  ENTERPRISES,  LLC., a
Nevada,  U.S.A.  corporation having its registered offices at 9195 Sangria Lane,
Las   Vegas,   Nevada   89147  on  the  other   part  and   hereinafter   called
“DISTRIBUTOR.”

 

2.
           PURPOSE: SUPPLIER hereby appoints DISTRIBUTOR
as its sole  distributor for the purchase,  resale,  installation and service of
SUPPLIER  products  identified on Exhibit B (the  “Products”),  in the
territory  as  detailed  on  Exhibit  A.  SUPPLIER  agrees to sell the  products
identified on Exhibit B to DISTRIBUTOR  and the  DISTRIBUTOR  agrees to purchase
all such  products  from  SUPPLIER  upon the  terms and  conditions  hereinafter
provided.  This Agreement  shall not constitute a partnership or any other joint
venture between SUPPLIER and DISTRIBUTOR.  DISTRIBUTOR shall not be the agent or
legal representative of SUPPLIER for any purpose whatsoever.  DISTRIBUTOR is not
granted  any  right or  authority  to  assume or to  create  any  obligation  or
responsibility, expressed or implied, on behalf of or in the name of SUPPLIER or
to bind SUPPLIER in any manner.

 

3.           TITLE AND INFRINGEMENT. SUPPLIER represents and warrants that (a) WELLTEC INTERNATIONAL GmbH, is the manufacturer of the Products, (b) SUPPLIER is the exclusive United States distributor of the Products, and as such owns all rights, title and interest in and to the Products necessary to enter into and perform its obligations to DISTRIBUTOR hereunder, and (c) to the best of SUPPLIER’s knowledge, no Product sold to DISTRIBUTOR during the term of this Agreement, infringes upon the Intellectual Rights (as herein defined) of any other person or entity, and no suit or proceeding is pending or threatened, alleging that any Product or the use thereof infringes upon any Intellectual Rights. As used herein, the term “Intellectual Right” means any rights relating
to any trademark, tradename, service mark, copyright, patent, trade secret or other proprietary right.

 

4.           INDEMNIFICATION. SUPPLIER agrees to hold DISTRIBUTOR harmless and to indemnify, reimburse, and defend it upon request at its own cost for any proceedings related to any claim asserted against DISTRIBUTOR or its customers with respect to the Products, any information or materials provided by SUPPLIER pursuant to this Agreement, or which otherwise arises out of its relationship with DISTRIBUTOR, (including without limitation any claim that any Product infringes the Intellectual Rights of another) and shall pay DISTRIBUTOR for all amounts owed by it to third persons and expenses incurred by it in connection with any such claim  or suit. Notwithstanding the above, SUPPLIER shall not be responsible for indemnifying DISTRIBUTOR for claims resulting from (a) express
warranties by DISTRIBUTOR in excess of those provided by SUPPLIER; (b) gross negligence of DISTRIBUTOR; or (c) intentional misconduct by DISTRIBUTOR.

 

 

 

 

5.           INSURANCE.  (a) SUPPLIER shall maintain,  at
its expense, a policy or policies of product liability  insurance,  with a broad
form  Vendor’s  Endorsement  naming  DISTRIBUTOR as an additional  insured,
providing  coverage of not less than Two Million Dollars  ($2,000,000)  combined
single limit,  and shall  provide  DISTRIBUTOR  with a Certificate  of Insurance
(including broad form Vendor’s  Endorsement)  reflecting such coverage. The
Certificate  shall  provide for at least ten (10) days prior  written  notice of
cancellation or substantial change.

 

(b)         DISTRIBUTOR  shall  maintain,  at its  expense,  a policy or  policies of
commercial general liability  insurance  providing coverage of not less than Two
Million Dollars  ($2,000,000)  combined single limit and shall provide  SUPPLIER
with a Certificate of Insurance reflecting such coverage.

 

	
            6.
 	
            DISTRIBUTOR WILL:
 

 

 (a)
         
Sell  and  install  SUPPLIER  Products  in the  territory,  and will not sell or
install in the territory any products  which compete with the products  detailed
on Exhibit “B”.

 

 (b)
         
Not sell or install SUPPLIER products outside of the territory.

 

 (c)
         Service SUPPLIER products as agreed upon between the DISTRIBUTOR and its customers.

 

 (d)
         Undertake to stock appropriate level of spare parts.

 

 (e)
         Keep its employees trained in the proper installation and servicing of SUPPLIER products as required by SUPPLIER.

 

 (f)          Advertise SUPPLIER’s products appropriately, clearly identifying itself as a DISTRIBUTOR of SUPPLIER products, and at the same time clearly identify SUPPLIER’s products under SUPPLIER’s trademarks, trade names or symbols. The DISTRIBUTOR shall not register, or have registered, any of the trademarks, trade names or symbols of SUPPLIER (or which are similar to those of SUPPLIER), in the territory or elsewhere.

 

	
             
 	
            (g)
 	
            Meet minimum purchase quotas as specified in Exhibit D.
 

 

 

	
            7.
 	
            SUPPLIER WILL:
 

 

 (a)         Sell Products to DISTRIBUTOR according to the price list set forth on Exhibit B.

 

 

 

	
             
 	
            2
 

 

 

 

 (b)         Offer to DISTRIBUTOR the right to sell in the Territory all new Products marketed by SUPPLIER during the term of this Agreement.

 

(c)  Use reasonable efforts to ship Products to DISTRIBUTOR within five (5) days of the shipping date set forth in DISTRIBUTOR’s order for stock items. 

 

	
             
 	
            (d)
 	
            Warranty its products  per the Warranty Statement attached as Exhibit C.
 

 

(e)  Refer to DISTRIBUTOR all inquiries for Products where (i) the inquiry originates from within the territory, (ii) delivery will be made to a location within the territory, or (iii) delivery will be made to a location outside the territory but the ultimate use of the PRODUCT by the customer will be within the territory.

 

8.           TERMS OF SALE: All quotations for products will be on the basis of F.O.B. U.S. based distributing facility or as agreed. DISTRIBUTOR shall pay SUPPLIER in U.S. Dollars upon shipment, or as agreed.

 

9.           TECHNICAL AND PROMOTIONAL LITERATURE: Reasonable quantities of technical and promotional literature in English of a professional quality will be provided by SUPPLIER at its own expense and will be updated on a regular basis and will include all the latest specifications of the SUPPLIER products. 

 

10.        TERM OF AGREEMENT: This Agreement shall remain in effect for a period of five (5) years from the date of execution by SUPPLIER and shall thereafter be automatically renewed for successive periods of one year each unless not less than ninety (90) days before the expiration date of the original five (5) year term of this Agreement or any successive one year term, SUPPLIER or the DISTRIBUTOR notifies the other in writing that it elects not to renew this Agreement.

 

11.        RIGHTS ON TERMINATION: In the event of termination or expiration of this Agreement, all future and continuing rights and obligations hereunder shall cease and terminate. DISTRIBUTOR shall have the right to sell any remaining inventory.

 

	
            12.
 	
            MISCELLANEOUS:
 

 

(a)                       This Agreement shall be interpreted under and the parties’ rights and remedies governed by the internal laws (as opposed to conflicts of law provisions) of the State of Nevada, U.S.A. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this Agreement.

 

	
            (b)
 	
            All terms, conditions, or provisions which may appear as pre-printed
 

 

 

 

	
             
 	
            3
 

 

 

language or otherwise be inserted within any order, order confirmation or invoice for any Products shall be of no force and effect notwithstanding the execution or delivery of such other document subsequent to the date of this Agreement. 

 

(c)         This Agreement shall not be assignable by either of the parties without the prior written consent of the other, except that DISTRIBUTOR may assign its rights to Grant Enterprises LLC, a Nevada Limited Liability Company, without SUPPLIER’s consent. Neither party shall be made responsible for any failures or delays in performing any obligations agreed upon herein which result from causes beyond its control, including, but not limited to, acts of God or public enemy; any order of a government, not sought or motivated, either directly or indirectly by the benefitted party; fires, floods, epidemics, inland, ocean or air transportation strikes, or other strikes, embargoes, unduly severe weather, incidents of war; or the inability to perform of either party, when acting in good faith and with due diligence,
provided that all reasonable efforts have been made to overcome the consequences of such delays.

 

(d)         Waiver by either party hereto of any right hereunder or of any failure to perform or any breach of the other party shall not be deemed as the waiver of any other right hereunder, and shall not constitute the waiver of any other breach or failure of a party, whether of a similar nature or otherwise.

 

(e)         Client agrees in the event of any dispute, claim, question, or disagreement arising from or relating to this agreement or the breach thereof, which cannot be resolved by consultation and negotiation with each other in good faith, both parties agree to endeavor to settle the dispute by mediation administered by the American Arbitration Association under its Commercial Mediation Rules before resorting to arbitration. Any unresolved controversy or claim arising from or relating to this contract or breach thereof shall be settled by arbitration administered by the American Arbitration Association in accordance with with its Commercial Arbitration Rules, and the judgement on the award rendered by the arbitrator may be enter in any court having jurisdiction thereof. The contract shall be governed by the laws of the
state of Nevada. The place of arbitration shall be Las Vegas, Nevada. Each party shall bear its own costs and an equal share of the arbitrators and administrative fees of arbitration. Except as may be required by law, neither a party nor an arbitrator may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of both parties.

 

(f)          All notices required hereunder shall be in writing and addressed to the other party at the following address:

 

 

 

	
             
 	
            4
 

 

 

 

SUPPLIER:

	
             
 	
            WELLTEC U.S.A., LLC
 
	
             
 	
            21828 Lassen Street
 	
             

	
             
 	
            Unit G
 	
             

	
             
 	
            Chatsworth, CA  91311
 
				

 

DISTRIBUTOR:

 

	
             
 	
            GRANT ENTERPRISES, LLC.
 
	
             
 	
            9195 Sangria Lane
 	
             

	
             
 	
            Las Vegas, NV 89147
 	
             

				

 

Either party may by written notice specify a new address at any time. Notice shall be deemed effective when sent by registered or certified mail addressed as stated above, or by any other delivery method if receipt of the notice is acknowledged by the party entitled to notice.

 

(g)         No amendments to or modification of this Agreement shall be binding on the parties except by an instrument in writing signed by SUPPLIER and the DISTRIBUTOR and indicating specifically in what respects the instrument is an amendment to or modification of this Agreement.

 

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

 

	
            SUPPLIER:
 	
            DISTRIBUTOR:
 

 

	
            WELLTEC USA, LLC
 	
            GRANT ENTERPRISES, LLC.
 

 

 

	
            By
 	
            /s/Catherine Dammann-Fleishman
 	
            By         /s/  Richard S. Carrigan
 	
             

	
             
 	
            Catherine Dammann-Fleishman
 	
            Richard S. Carrigan, Manager
 
	
            Title  
 	
             

						

 

 

GUARANTEED:

 

WELLTEC INTERNATIONAL GmbH

 

	
            By  
 

 

	
            Title  
 

 

 

 

 

	
             
 	
            5
 

 

 

 

 

KINJOY DISTRIBUTOR AGREEMENT

EXHIBIT “A”

TERRITORY

 

 

 

	
             
 	
            The states of Michigan, Mississippi, Nevada and New Jersey.
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

	
             
 	
            6
 

 

 

 

 

KINJOY DISTRIBUTOR AGREEMENT

EXHIBIT “B”

PRODUCTS AND PRICING

 

 

 

	
             
 	
            Kinjoy Shiatsu Massage System
 

 

	
             
 	
            Product & Pricing:
 

 

	
             
 	
            •
 	
            Chair & Bill Acceptor
 	
            $ 4,100.00
 

 

	
             
 	
            •
 	
            Chair & Token Tower
 	
            3,600.00
 

 

	
             
 	
            •
 	
            Chair & Personal Control
 	
            2,600.00
 

 

	
             
 	
            •
 	
            Bill Acceptor & Tower
 	
            1,700.00
 

 

	
             
 	
            •
 	
            Token Tower
 	
            1,200.00
 

 

	
             
 	
            •
 	
            Personal Control
 	
            200.00
 

 

	
             
 	
            •
 	
            Chair
 	
            2,400.00
 

 

 

 

 

 

 

 

 

 

 

 

 

	
             
 	
            7
 

 

 

 

 

 

KINJOY DISTRIBUTOR AGREEMENT

EXHIBIT “C”

WARRANTY STATEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

	
             
 	
            8
 

 

 

 

 

 

 

KINGJOY DISTRIBUTOR AGREEMENT

EXHIBIT “D”

MINIMUM PURCHASE REQUIREMENTS

 

 

 

	
             
 	
            Period
 	
            # Units
 

 

	
             
 	
            (a)
 	
            Effective date through June 30, 2001
 	
            10
 

 

	
             
 	
            (b)
 	
            July 1, 2001 through September 30, 2001
 	
            10
 

 

	
             
 	
            (c)
 	
            Calendar quarters thereafter
 	
            15
 

 

 

Purchases count during the period specified for shipment of an order when the order meets shipment, i.e., five (5) days for stock items, and credit, i.e., letter of credit or other credit guarantee.

 

 

 

 

 

	
             
 	
            9

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