Document:

exv10w59

 

EXHIBIT 10.59

MARKETING DEVELOPMENT AGREEMENT

between

Taiwan Kolin Company Limited

and

Syntax Groups Corporation

	1	 	PARTIES

This Marketing Agreement (“Agreement”) is made and entered into, by and between Taiwan Kolin
Company Limited, incorporated in Taiwan, whose registered office is at 11/F No.86, Section 1, Chung
Ching South Road, Taipei, Taiwan (the “Supplier”), and Syntax Groups Corporation, incorporated in
the State of California, the United States of America, whose registered office is at 20480 e.
Business Parkway, City of Industry, CA91789, U.S.A. (the “Customer”).

	2	 	RECITALS

The Customer is the sole distributor for the Supplier’s products in the consumer electronic field,
which includes but not limited with the LCD/ LCOS TV product lien up; at the time of execution of
this Agreement an authorized 2.5% per each invoice dollar amount (USD) in which will be calculated
by the end of each month will be issued and are fully paid and credit as fully paid as the Market
Development Fund from the Supplier to the Customer.

The Supplier has agreed to provide up to 2.5% per each invoices amount in the efforts of the
Customer in developing the entire America continent markets upon the terms and conditions
hereinafter contained.

NOW, THEREFORE, in consideration of the mutual benefits to be derived from this Agreement, the
receipt and sufficiency of which are hereto hereby agree as follows:

	3	 	ISSUE AND CREDITED AMOUNT
	 
	3.1	 	The CUSTOMER shall issue to the Supplier an invoice or debit memo by the end of each month
based on the current month total invoice value of 2.5% as the Market Development Fund
supported by the Supplier to the Customer.

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	3.2	 	The Customer shall provide the monthly total actual expenses to the Supplier as the proof of
the Market Development efforts conducted during the current month.
	 
	4	 	EXECUTION
	 
	4.1	 	The Supplier shall sign off the monthly debit memo provided by the Customer execution of this
Agreement:
	 
	4.1.1	 	This Agreement will be in full force from March 1st 2003 with continued executions for each
month till the end of business relationship between the Supplier and the Customer with 90 days
advance notice by either party.
	 
	4.1.2	 	Such other and further; documents as may be reasonably required to cause and effect the
transaction contemplated by this Agreement.
	 
	5	 	ACCESS OF INFORMATION

The directors, officers, shareholders, employees, agents and representatives (“Representatives”) of
the Customer shall grant the Supplier and its Representatives full access to the Customer’s
properties, inventory on hand, facilities, books and records, financial and operating data,
contracts and other documents or information as the Supplier or its Representatives may reasonably
request.

	6	 	NO MATERIAL CHANGES

The Customer agrees that from and after the execution of this Agreement until the earlier of the
termination of this Agreement or the execution and delivery of a new agreement, the Customer’s
business and operations will be conducted in the ordinary course and in substantially the same
manner as such business and operations have been conducted in the past. The Customer will notify
the Supplier of any extraordinary transactions, financing or business involving the Customer or its
affiliates.

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	7	 	WARRANTIES OF THE CUSTOMER
	 
	7.1	 	The Customer hereby warrants and represents to the Supplier that the Customer is a
corporation duly organized, validly existing and in good standing under the laws of the
State of California, the U.S.A.
	 
	7.2	 	The Customer hereby warrants and represents that the Customer knows of no judgments, claims,
liens or proceedings against the Customer, or against its assets.
	 
	7.3	 	In the event that any warranty or representation contained herein above is deemed
unenforceable under the laws of any jurisdiction, the remaining warranties and representations
to the extent they are enforceable shall remain in full force and effect, and the Supplier and
the Customer hereby agree that a court or arbitrator may cause these warranties and
representations concerning disclosure of confidential and sensitive business information to
the reasonable extent possible given the express intentions and agreements of the Supplier and
the Customer to have such warranties and representations construed and enforced.
	 
	8	 	WARRANTIES OF THE SUPPLIER
	 
	8.1	 	The Supplier hereby warrants and represents to the Customer that the Supplier is a
corporation duly organized, validly and in good standing under the laws of Taiwan.
	 
	8.2	 	The Supplier hereby warrants that the Supplier has all requisite power and authority to
execute and perform its obligations under this Agreement and consummate the transactions
contemplated hereby.
	 
	8.3	 	There is no litigation, suit, proceeding, action, claim or investigation, at law or in
equity, pending, or to the best knowledge of the Supplier, threatened against, or affecting in
any way, the Supplier’s ability to perform its obligations as contemplated by this Agreement.

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IN WITNESS WHEREOF, the Parties have executed this Agreement as of dates indicated herein below.

	 	 	 	 	 
	Taiwan Kolin Company Limited	 	 
	 
	 	 	 	 
	Name:

	 	Roger Kao	 	 
	 

	 	Vice President	 	 
	 
	 	 	 	 
	Signed:

	 	/s/ Roger Kao	 	 
	 

	 	 

	 	 
	Date:

	 	03/1/04	 	 
	 
	 	 	 	 
	Syntax Groups Corporation	 	 
	 
	 	 	 	 
	Name:

	 	James Li	 	 
	 

	 	Chief Executive Officer	 	 
	 
	 	 	 	 
	Signed:

	 	/s/ James Li	 	 
	 

	 	 

	 	 
	Date:

	 	3/1/2004	 	 

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EXHIBIT 10.60

TECHNOLOGY RESEARCH AND DEVELOPMENT

ALLOWANCE AGREEMENT

between

Taiwan Kolin Company Limited

and

Syntax Groups Corporation

	1	 	PARTIES

This Agreement (“Agreement”) is made and entered into, by and between Taiwan Kolin Company Limited,
incorporated in Taiwan, whose registered office is at 11/F No. 86, Section 1, Chung Ching South
Road, Taipei, Taiwan (the “Manufacturer”), and Syntax Groups Corporation, incorporated in the State
of California, the United States of America, whose registered office is at 20480 East Business
Parkway, City of Industry, CA91789, U.S.A. (“Syntax”).

	2	 	RECITALS

WHEREAS, Syntax designs various consumer electronic-related Products (as hereafter defined) for
manufacture and distribution under and in connection with the trademarks and trade name, inter
alia, ÖLEVIA; and

WHEREAS, Manufacturer is a designer and manufacturer of Liquid Crystal Display (LCD) and Liquid
Crystal On Silicon (LCOS) televisions and has in place the necessary facilities, permits, licenses
and financing to satisfy Syntax’s requirements for such LCD and LCOS Products.

Pursuant to the Manufacturing Agreement dated March 9, 2004, Syntax has appointed the Manufacturer
to manufacture the products in the consumer electronic field, which includes but not limited to the
LCD/ LCOS TV product line. Currently, the Manufacturer is manufacturing 20,” 27” and 30” LCD TVs
for Syntax and shall expand the product line to other sizes of LCD TV and LCOS TV from time to time
agreed by both parties (the “Products”).

Following the execution of the Manufacturing Agreement, the research and development (R&D) teams of
both parties have regularly conducted R&D meetings to exchange latest technological information and
designs. To facilitate the R&D facilities and know-how provided by Syntax, the Manufacturer wishes
to offer Syntax a technology research and development allowance (the

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“Allowance”) for the compensation of the utilization of such facilities and know-how.

NOW, THEREFORE, in consideration of the mutual benefits to be derived from this Agreement, the
receipt and sufficiency of which are hereto hereby agree as follows:

	3	 	VOLUME INCENTIVE PROGRAM
	 
	3.1.	 	The Manufacturer agrees to pay the Allowance to Syntax, the calculation of which shall be 3%
of each monthly shipment of the Products.
	 
	3.2.	 	Syntax shall prepare a quarterly shipment report to specify the shipment of the Products
covering the last three months period and the total amount of the Allowance, and submit the
report to the Manufacturer for verification and confirmation.
	 
	3.3.	 	Upon confirmation of the Allowance agreed by both parties, the Manufacturer shall settle the
Allowance at the beginning of the following quarter by issuing a credit memorandum which shall
be applied to off-set the total outstanding account payable owed to the Manufacturer by
Syntax.
	 
	4	 	EXECUTION
	 
	4.1.	 	Upon execution of this Agreement:
	 
	4.1.1	 	This Agreement will be in full force from March 9, 2004 with continued executions till the
end of business relationship between the Manufacturer and Syntax with 90 days advance notice
by either party.
	 
	4.1.2	 	Such other and further documents as may be reasonably required to cause and effect the
transaction contemplated by this Agreement.
	 
	5	 	ACCESS OF INFORMATION

The directors, officers, shareholders, employees, agents and representatives (“Representatives”) of
Syntax shall grant the Manufacturer and its Representatives full access to Syntax’s properties,
inventory on hand, facilities,

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books and records, financial and operating data, contracts and other documents or information as
the Manufacturer or its Representatives may reasonably request.

	6	 	WARRANTIES OF SYNTAX
	 
	6.1.	 	Syntax hereby warrants and represents to the Manufacturing that Syntax is a corporation duly
organized, validly existing and in good standing under the laws of the State of California,
the U.S.A.
	 
	6.2.	 	There is no litigation, suit, proceeding, action, claim or investigation, at law or in
equity, pending, or to the best knowledge of Syntax, threatened against, or affecting in any
way, Syntax’s ability to perform its obligations as contemplated by this Agreement.
	 
	6.3.	 	In the event that any warranty or representation contained herein above is deemed
unenforceable under the laws of any jurisdiction, the remaining warranties and representations
to the extent they are enforceable shall remain in full force and effect, and the Manufacturer
and Syntax hereby agree that a court or arbitrator may cause these warranties and
representations concerning disclosure of confidential and sensitive business information to
the reasonable extent possible given the express intentions and agreements of the Manufacturer
and Syntax to have such warranties and representations construed and enforced.
	 
	7	 	WARRANTIES OF THE MANUFACTURER
	 
	7.1.	 	The Manufacturer hereby warrants and represents to Syntax that the Manufacturer is a
corporation duly organized, validly and in good standing under the laws of Taiwan.
	 
	7.2.	 	The Manufacturer hereby warrants that the Manufacturer has all requisite power and authority
to execute and perform its obligations under this Agreement and consummate the transactions
contemplated hereby.
	 
	7.3.	 	There is no litigation, suit, proceeding, action, claim or investigation, at law or in
equity, pending, or to the best knowledge of the Manufacturer, threatened against, or
affecting in any way, the Manufacturer’s ability to perform its obligations as contemplated by
this Agreement.

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IN WITNESS WHEREOF, the Parties have executed this Agreement as of dates indicated herein below.

	 	 	 	 	 
	Taiwan Kolin Company Limited	 	 
	 
	 	 	 	 
	Name:

	 	Roger Kao	 	 
	 

	 	Vice President	 	 
	 
	 	 	 	 
	Signed:

	 	/s/ Roger Kao	 	 
	 

	 	 

	 	 
	Date:

	 	03/09/04	 	 
	 
	 	 	 	 
	Syntax Groups Corporation	 	 
	 
	 	 	 	 
	Name:

	 	James Li	 	 
	 

	 	Chief Executive Officer	 	 
	 
	 	 	 	 
	Signed:

	 	/s/ James Li	 	 
	 

	 	 

	 	 
	Date:

	 	3/9/2004	 	 

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