Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Coloured Industry Ltd. - Exhibit 10.13

EXHIBIT 10.13 

TERMINATION AND RELEASE AGREEMENT

(AGENCY EXPLOITATION AGREEMENT – MOBILE WARRIOR
TECHNOLOGY)

THIS TERMINATION AND RELEASE AGREEMENT dated for
reference the 28th of February, 2006,

BETWEEN:

THE MOBILE WARRIOR TECHNOLOGY
PARTNERSHIP LLP a limited liability partnership whose principal address is 4
Bedford Row, London, England (the “Licensor”); and 

COLOURED INDUSTRY
LIMITED, a limited company registered in England & Wales
whose business address is at Suite 5.15, 130 Shaftesbury Avenue, London England
(the “Agent”)

WHEREAS the following terms set out the agreement
between the Licensor and the Agent, in connection with the termination of an
Agency Exploitation Agreement (the “Agency Exploitation Agreement”) between the
Licensor and LDC Network Limited dated effective March 31, 2003, as assigned
from LDC Network Limited to the Agent effective April 2, 2004 whereby the
Licensor provided the Agent with the right to commercially exploit the
intellectual property rights to the technology and software that relates to the
Mobile Warrior Technology, including all future upgrades.

NOW THEREFORE in consideration of the respective
covenants and agreements of the parties contained herein, the sum of one Pound
Sterling (“GBP”) paid by each party hereto to each of the other parties and
other good and valuable consideration (the receipt and sufficiency of which is
hereby acknowledged by each of the parties hereto), it is agreed as follows:

	1. 	
      Termination of Agency Exploitation
      Agreement. Effective as of the date first written above the Agency
      Exploitation Agreement is hereby terminated, and is null and void and of
      no further force or effect.

	 	 
	2. 	
      No Claims / No Pledge of Claims. The
      parties each warrant, represent, acknowledge and agree to and with each
      other that they have no outstanding claims under the Agency Exploitation
      Agreement or otherwise, against the any of the other parties to this
      Agreement and that none of them has heretofore received, or agreed to, any
      assignment, transfer, lien, security interest, encumbrance or
      hypothecation by pledge to any other person of any of his rights, claims,
      demands, causes of action or damages that are the subject matter of this
      Agreement.

	 	 
	3. 	
      Non-Disclosure of the Terms of this Agreement.
      The parties each agree with the other parties to this Agreement
      that the terms of this Agreement are not to be revealed to anyone except
      for the purposes of obtaining financial or other professional advice.
      Further, each of the parties agree that they will not
  directly

		
or indirectly make any statements about any of the other parties in any manner that could be considered disparaging or negative or directly or indirectly make any statements about the terms of this Agreement other than to
communicate any statement of facts agreed to in writing in advance by each and all of the parties.

	
	 	 
	
4. 		
Return of Property. The Agent will return forthwith all property of the Licensor now in his possession, including but not limited to all papers, plans, materials, software and any and all documents of the
Licensor.

	
	 	 
	
5. 		
Release of Agent and Licensor. In consideration of the foregoing the parties hereby release and forever discharge each other and their directors, employees, officers and representatives, of and from all manner of
actions, causes of action, suits, debts, accounts, covenants, contracts, claims and demands whatsoever, whether or not now known, suspected or claimed, which the other party has had, now has or which his legal personal representatives, heirs,
executors, administrators or assigns or any of them, hereafter can, shall or may have against the other party or its directors, employees, officers and representatives, by reason of any cause, matter or thing whatsoever arising in connection with
the Agency Exploitation Agreement including, without limitation, the termination of the Agency Exploitation Agreement.

	
	 	 
	
6. 		
No Other Agreements. Each of the parties hereto acknowledges and represents to the other that this Agreement is executed without reliance upon any agreement, promise, statement or representation by or on behalf of
any of the other parties hereto except as set forth herein, and each of the parties hereto acknowledges that no other party hereto nor any agent of such party has made any promises, representations or warranties whatsoever, whether expressed or
implied, which are not contained herein in writing concerning the matters herein set forth.

	
	 	 
	
7. 		
Legal Advice. The Parties acknowledge that they have each been requested to obtain independent legal advice with respect to the entering into of this Agreement and have been provided with sufficient time to obtain
such legal advice.

	
	 	 
	
8. 		
Counterparts. This Agreement may be executed in as many counterparts as may be necessary and by facsimile, each of such counterparts so executed will be deemed to be an original and such counterparts together will
constitute one and the same instrument and notwithstanding the date of execution will be deemed to bear the date as of the day and year first above written.

	

IN WITNESS WHEREOF the parties have duly executed this
Termination and Release Agreement as of the date first written above.

THE MOBILE WARRIOR TECHNOLOGY PARTNERSHIP LLP

 

	 	/s/ Paul Carter	 
	Per: 	 	 
	 	Authorized Representative and 	 
	 	Designated Partner 	 
	 	  	 
	 	  	 
	COLOURED INDUSTRY LIMITED 	 
	 	 	 
	 	 	 
	 	  	 
	 	/s/ Lars Brannvall	 
	Per: 	 	 
	 	Authorized SignatoryFiled by Automated Filing Services Inc. (604) 609-0244 - Coloured Industry Ltd. - Exhibit 10.14

EXHIBIT 10.14

COLOURED INDUSTRY

DEBENTURE

Issued under the authority of the Company's 
Memorandum &
Articles of Association 
and pursuant to resolution of the Directors

dated the 8th day of October 2003

THIS DEBENTURE is made BETWEEN

	(1) 	
      Coloured Industry Ltd of 130 Shaftesbury Avenue, Suite
      5.15, London W1D 5EU ("the Company");

	 	 
	(2) 	
      Coloured Industry Inc of FDICIC Building., Lower Factory
      Road, St John’s, Antigua ("the Debenture Holder")

WHEREAS the Company is indebted to the Debenture Holder for all
principal monies lent to it by the Debenture Holder and or any other
indebtedness of the Company to the Debenture Holder whether actual future or
contingent and whether by subrogation or otherwise ("the Principal Monies")

NOW THIS DEED WITNESSETH AS FOLLOWS:-

1.     THE Company hereby covenants
  with the Debenture Holder that it will on demand in writing made by the Debenture
  Holder pay or discharge to the Debenture Holder the Principal Monies

2.      AS security for the
payment and discharge of the Principal Monies and liabilities aforesaid the
Company as beneficial owner hereby:-

	(1) 	
      Charges to the Debenture Holder by way of Legal Mortgage
      all freehold and leasehold property (including all fittings and fixtures
      and fixed plant and machinery thereon) and now owned by the Company.
      Particulars of the freehold and leasehold property of the Company are set
      out in Schedule 1 ("the Legally Mortgaged Property")

	 	 
	(2) 	
      Charges to the Debenture Holder by way of specific
      equitable charge all estates and interests and charges in or over any
      freehold and leasehold property (except the Legally Mortgaged Property)
      now or at any time during the continuance of this security owned acquired
      by or charged to the Company ("the Equitable Charged Property")

	 	 
	(3) 	
      Assigns to the Debenture Holder all debts other sums of
      money and other claims of a monetary nature which are now or at any future
      time belonging to or received or receivable by or which become payable to
      or vested in the Company ("the Debts") and the benefit of all securities
      for the same and all interest (if any) due or which becomes due in respect
      thereof TO HOLD the same unto the Debenture Holder subject only to the
      proviso for redemption hereinafter contained

	 	 
	(4) 	
      Charges to the Debenture Holder by way of fixed
      charge:-

	 	(i) 	
      All stocks shares and other interests including (without
      prejudice to the generality of the foregoing) loan capital indebtedness or
      liabilities on any account or in any manner owing to the Company both
      present and future of the Company in (and from) any company person or body
      wheresoever situate; and

	 	 	 
	 	(ii) 	
      The goodwill and uncalled capital of the Company both
      present and future

	 	 	 
	 	(iii) 	
      All patents patent applications trademarks trade names
      registered designs and copyrights and all licences and ancillary and
      connected rights relating to the intan-gible property both present and
      future of the Company

	 	 	 
	 	(iv) 	
      All monies received or receivable by the Company
      comprising the surplus upon realisation by a prior chargee of its security
      after discharge of all monies and liabilities secured by such prior
      charge

	(5) 	
      Charges to the Debenture Holder by way of floating charge
      the whole of the remainder of the Company's undertaking property rights
      and assets both present and future and wheresoever situate including
      uncalled capital

	 	 	 
	(6) 	
      With reference to the Equitable Charged Property the
      company undertakes:-

	 	 	 
		(i) 	
      To deposit with the Debenture Holder the deeds and
      documents of title relating thereto;

	 	 	 
		(ii) 	
      At any time upon request to execute over all or any part
      thereof a legal mortgage or legal sub-mortgage as the case may be in
      favour of the Debenture Holder in such form as he shall require

	 	 	 
	(7) 	
      The Debenture Holder may at any time by notice in writing
      to the Company convert the aforesaid floating charge into a fixed charge
      as regards any assets specified in such notice

	 	 	 
	(8) 	
      The property charged by this clause is hereinafter
      collectively referred to as "the Mortgaged
Property"

3.      UNLESS and until the
security hereby constituted shall have become enforceable the floating charge
hereby created shall not hinder or prevent the Company from selling or otherwise
disposing of any part of the assets which are the subject of such floating
charge by way of bargain made at arms length on normal commercial terms in the
ordinary course of the Company's business and for the purposes of carrying on
the same so long as the Company fully complies with the covenants herein
contained. Provided always that the Company shall not be entitled to sell the
whole or any substantial part of its undertaking or assets whether in one
transaction or by a series of transactions

4.      THE Company shall not
have power without the consent of the Debenture Holder to create any mortgage or
charge on its undertaking or assets or any part thereof ranking in priority to
or pari passu with the charge hereby created 

6.      THE Company will at any
time if and when required to do so by the Debenture Holder execute to the
Debenture Holder or as the Debenture Holder shall direct such legal or other
mortgage or other charges of and on all the Company's estate and interest in any
property of the Company which may hereafter be acquired by or belong to the
Company, such mortgages or charges to be prepared by or on behalf of the
Debenture Holder at the cost of the Company and to contain an immediate power of
sale and all other clauses for the benefit of the Debenture Holder as the
Debenture Holder may require

2

7.      THE Debenture is issued
subject to and with the benefit of the conditions endorsed hereon

8.      THE parties hereto do
not intend that any term of this Agreement should be enforceable by any third
party as provided by The Contracts (Rights Of Third Parties) Act 1999

IN WITNESS WHEREOF this Deed has been executed as a deed and
delivered on the day and year first above written as follows:

SCHEDULE I
Present Freehold and Leasehold Property

NONE

SCHEDULE II
Present Charges and Factoring
Agreements

NONE

CONDITIONS

	1. 	
      THE Principal Monies and interest hereby secured
      shall become immediately repayable and enforceable:-

	 	 	 
		(1) 	
      If the Company makes default in the payment or repayment
      of any Principal Monies to the Debenture Holder and the Debenture Holder
      by notice in writing to the Company or otherwise calls for repayment of
      the Principal Monies; or

	 	 	 
		(2) 	
      If a distress or execution is levied or issued against
      any of the property of the Company and is not paid out within seven days;
      or

	 	 	 
		(3) 	
      If the Company is made or an effective resolution is
      passed for winding up of the Company; or

	 	 	 
		(4) 	
      If the Company ceases or threatens to cease to carry on
      its business or substantially the whole of its business; or

	 	 	 
		(5) 	
      If an encumbrancer takes possession or a receiver is
      appointed of any part of the assets of the Company;
or

3

	 	(6) 	
      If the Company is unable to pay its debts within the
      meaning of Section 123 of the Insolvency Act, 1986 or any statutory
      modification or re-enactment thereof; or

	 	 	 
	 	(7) 	
      If the Company makes default in observing or fulfilling
      any of its obligations arising under this Debenture and the Debenture
      Holder by notice in writing to the Company declares the security
      constituted by this Debenture to be
enforceable

	2 	(1) 	
      IN this Debenture any reference to a receiver
      shall be deemed to include a reference to an administrative receiver
    

	 	(2) 	
      At the request of the Company or at any time after the
      Principal Monies hereby secured shall have become immediately payable the
      Debenture Holder may appoint by writing a receiver of the property hereby
      charged upon such terms as to remuneration and otherwise as the Debenture
      Holder shall think fit and may from time to time remove the receiver so
      appointed and appoint another in his stead. The receiver so appointed
      shall be the agent of the Company and the Company shall be responsible for
      the acts of such receiver and his defaults and for his remuneration costs
      charges and expenses to the exclusion of liability on the part of the
      Debenture Holder

	3. 	
      A receiver so appointed shall be entitled to
      exercise all powers conferred on a receiver by the Law of Property Act
      1925 and by way of addition to and without limiting those powers such
      receiver shall have the power:-

	 	 	 
		(1) 	
      To take possession of and get in the property hereby
      charged

	 	 	 
		(2) 	
      To carry on or concur in carrying on the business of the
      Company and for this purpose to borrow money on the security of the
      property hereby charged in priority to this Debenture or
  otherwise

	 	 	 
		(3) 	
      To sell or concur in selling any of the property hereby
      charged or otherwise deal therewith on such terms in the interests of the
      Debenture Holder as it shall think fit PROVIDED ALWAYS that Section 103 of
      the Law of Property Act 1925 shall not apply

	 	 	 
		(4) 	
      To make any arrangement or compromise which he shall
      think expedient in the interests of the Debenture Holder

	 	 	 
		(5) 	
      To do all such other acts and things as may be considered
      to be incidental or conducive to any of the matters and powers aforesaid
      and which the receiver may or can lawfully do as agent for the
    Company

	 	 	 
	4. 	
      THE net profits of carrying on the business of the
      Company and the net proceeds of any sale by the receiver shall be applied
      by him after provision for all matters specified in Paragraphs (i) (ii)
      (iii) of sub-section 8 of the Section 109 of the Law of Property Act 1925
      and Sections 298 300 614 and Schedule 19 of the Companies Act 1985 in or
      towards satisfaction of all Principal Monies and other monies due to the
      Debenture Holder hereunder PROVIDED THAT any payment made by the receiver
      to the Debenture Holder may be made on account of Principal Monies or
      interest so due or partly in any one way and partly in the other as the
      receiver shall deem expedient. Any surplus shall be paid to the
    Company

4

	5. 	
      NOTICES hereunder may be given by the Debenture
      Holder or by the Company by posting the same in prepaid letter addressed
      to the Company or the Debenture Holder at the registered
  office

	SIGNED as a DEED by 	/s/ Paul Carter 
	COLOURED INDUSTRY INC 	Power of attorney on behalf of Laura Mouck
  
	a Company incorporated in Antihua 	ND Holdings Ltd. 
	acting by a person who in accordance with 	  
	the laws of that territory is acting under 	  
	the authority of the Company:- 	  
	  	  
	  	  
	  	  
	  	  
	EXECUTED as a deed by 	  
	COLOURED INDUSTRY LIMITED acting 	  
	by a Director and Company 	  
	Secretary or by two Directors 	  

	 	 	 
	Director	/s/ Lars Brannvall	 
	  	 	 
	  	 	 
	  	 	 
	  	 	 
	 	 	 
	Witness 	/s/ M. Johnson	 
		M. Johnson 	 
		7 Burnthouse Lane
    	 
		Pilley 	 
		Lymington 	 
		Hants S041 5QN 	 

5

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