Document:

EX-10.2 MOBILE BUSINESS SALES & LICENSE AGREEMENT

 

Exhibit 10.2

Mobile Business Sales & License Agreement

This agreement (the “Agreement”) is made and entered into as of September 27,
2004 (Japan Time) by and between ATLUS, Co., Ltd. (“ATLUS”), a corporation
organized and existing under the laws of Japan and BBMF Corporation (“BBMF”), a
corporation organized and existing under the laws of Nevada, USA with reference
to the following facts:

	A.	 	ATLUS is engaged in development and sales of software products for video
games, on-line computer games and mobile games, and is also engaged in
operation of mobile game sites for mobile phones.
	 
	B.	 	BBMF is engaged in developing and providing mobile games to the mobile
phones in many countries in the world, and desires to purchase from ATLUS
mobile business which ATLUS now operates and to obtain an exclusive
license to use ATLUS’s proprietary game software, characters and
applications used in the games for provision to mobile phones.
	 
	C.	 	ATLUS is willing to and has obtained all the necessary internal approvals
to sell such mobile business to BBMF and to grant a license to use
ATLUS proprietary rights for distribution by BBMF, its subsidiary or
affiliate.

THEREFORE, it is agreed.

Article 1. (Sales of mobile business)

ATLUS agrees to sell and deliver to BBMF and BBMF agrees to purchase and take
delivery of the entire mobile distribution business described below that ATLUS
now operates including all the necessary assets and information used for the
business operation.

	1)	 	ATLUS Web-i for NTT Docomo

	 
	2)	 	ATLUS V-NET for Vodafone

	 
	3)	 	ATLUS web-EZ for au

	 
	4)	 	MEGATEN α for NTT (FOMA)

26

 

Article 2. (Delivery date and Belonging of revenue/cost)

ATLUS shall deliver to BBMF the mobile business provided for in Article 1. on
September 30, 2004. All the revenue, costs and liabilities deriving from the
mobile business on and before September 30 shall belong to ATLUS, and those
revenue, costs and liabilities thereafter shall belong to BBMF.

Article 3 (License of proprietary rights)

1. ATLUS grants to BBMF an exclusive, worldwide license to use ATLUS game
contents, characters and applications used in the games and “ATLUS” trademark
in which ATLUS has proprietary rights (“ATLUS proprietary rights”) for
development and distribution of mobile games & applications related to the
games of ATLUS to mobile phones by BBMF or its subsidiary or affiliate. This
license includes a right to sublicense by BBMF to its subsidiary or affiliate.

	2.	 	1) Irrespective of the preceding 1 BBMF acknowledges and accepts that
ATLUS has already licensed some mobile contents consisting of
[****************] series and [*********************] series under the
contracts listed in Appendix A to be provided before October 1, 2004, and
that such contracts shall continue to be valid after the signing of this
Agreement. At the end of the respective terms of such contracts, ATLUS
will inform the related parties its intention to terminate such contracts
by sending out notices of termination.
	 
		 	2) Since ATLUS has already licensed the [********] series exclusively to a
third party, BBMF acknowledges and accepts that the game will not be
available to BBMF.
	 
		 	3) With regard to [***********] series ATLUS has been negotiating to
license the game to another third party. ATLUS shall make reasonable efforts to
make the game available to BBMF. ATLUS and BBMF shall confer with each
other on the way and specifications of the license of the game.

3. ATLUS and BBMF acknowledge that some game contents in which third parties
have co-ownership of copyrights with ATLUS shall be excluded from the license
provide for in 1. above. However, in the event that the third parties agree

	*	 	Material has been omitted pursuant to a request for confidential treatment

27

 

to license these game contents to BBMF, such game contents shall be included in
the license.

Article 4 (Payment)

In consideration for the purchase of mobile business and licensed proprietary
rights BBMF shall pay to ATLUS under the following conditions.

	 	 	 
	1) purchase of mobile business:

	 	300,000,000JPY
	time of payment:

	 	within 2 weeks after execution of this
Agreement
	2) license of proprietary rights:

	 	[*********] from game distribution
using ATLUS’ proprietary rights
after deducting charges of
mobile phone carriers and distributors
	time of payment
        .

	 	monthly payment, details shall be
discussed between the parties.

Article 5 (Entrustment of mobile business)

Until BBMF is able to manage operation of mobile business by itself or by its
subsidiary or affiliate, BBMF will entrust ATLUS with operation, administration
and transfer of mobile business [*************]. ATLUS undertakes to manage
these business including informing mobile carriers of the grant of license to
BBMF. BBMF shall pay to ATLUS direct operation expenses and content development
cost provide for in Article 6. incurred on and after October 1. However this
transition period during which ATLUS is entrusted with the operation shall not
exceed 3 months. In case the transition period exceeds 3 months, both parties
will confer over the measures.

Article 6 (Delivery of games under development)

ATLUS shall deliver mobile games under development on an “as is” basis to BBMF
on September 30, 2004. ATLUS shall bear the development cost on and before
September 30 and BBMF shall bear the cost thereafter.

	*	 	Material has been omitted pursuant to a request for confidential treatment

28

 

Article 7 (Publicity)

When either party desires to make public the sale and/or license in this
agreement within Japan, the party shall confer with another party about the
publicity. When BBMF desires to make public the sale and/or license in this
agreement outside of Japan, BBMF shall do so at its sole discretion.

Article 8 (Copyright and ownership)

BBMF acknowledge and agrees that the exclusive rights to all the proprietary
rights of ATLUS including copyrights and ATLUS trademark used in connection
with the licensed proprietary rights shall remain in sole property of ATLUS.

Article 9 (Control of Quality)

BBMF agrees that the mobile games created by using ATLUS’s proprietary rights
shall be of high standard and such quality as to enhance the reputation and
prestige of ATLUS trademarks. BBMF shall also ensure that BBMF, its subsidiary
or affiliate comply and observe any recommendation of ATLUS with regard to
quality keeping of proprietary rights of ATLUS.

Article 10 (Non-competition)

ATLUS agrees not to engage in any business with a purpose to distribute mobile
games and applications related to the games for mobile phones through mobile
phone carriers by ATLUS or its subsidiary or affiliate in which ATLUS has [****
***********] of the voting right during the term of this Agreement.

Article 11(Defense against infringement)

If either ATLUS or BBMF finds any third-party infringement, misappropriation or
other unauthorized use of any licensed proprietary rights of ATLUS, that party
shall promptly notify the other party thereof. Upon such notification, ATLUS
and BBMF shall discuss whether or not any action should be taken against such
infringement.

Article 12 (Withholding tax)

ATLUS shall bear the tax to be levied on the income of ATLUS arising under this
Agreement. In the event that such tax is or should be deducted from the amount
of remittance to ATLUS by BBMF, BBMF shall provide ATLUS with a tax

	*	 	Material has been omitted pursuant to a request for confidential treatment

29

 

certificate showing the payment of such tax without delay.

Article 13 (Term)

The term of this Agreement shall be effective for a period of 10 years
commencing on the date of this Agreement.

Article 14 (Governing Law & Language)

This Agreement shall be governed by and construed in accordance with the laws
of Japan. The English version of this Agreement shall be official and
controlling, and the Japanese version shall be referential.

Article 15 (Conference & Arbitration)

Any difference or dispute between the parties concerning the interpretation or
validity of this Agreement or the rights and liabilities, which cannot be
satisfactorily settled by the conference between the parties, shall be finally
settled by arbitration in Tokyo, Japan in accordance with the Rules of
Procedures of Japan Commercial Arbitration Association.

IN WITNESS WHEREOF, the parties have caused this Agreement in 3 copies executed
by their duly authorized representatives as of the date first above written.

	 	 	 
	ATLUS Co., Ltd.	 	
BBMF Corporation
	By	 	By
	          Nobuyuki Okude

          Representative Director, President	 	        Han Lian

        President, CEO

30EXHIBIT 10.1

                              SEPARATION AGREEMENT

     This  Separation  Agreement  (this  "Agreement")  by  and  between  Snap-on
Incorporated,  a Delaware corporation (the "Company"),  and Dale F. Elliott (the
"Executive"),  is  entered  into  effective  as  of  November  [13],  2004  (the
"Execution Date").

     WHEREAS,  the  Executive  has been  employed  by the  Company  as its Chief
Executive  Officer and President and has served as Chairman  ("Chairman") of the
Company's Board of Directors (the "Board"); and

     WHEREAS,  the  Executive  and the  Company  are  parties  to an  Employment
Agreement entered into as of April 27, 2001 (the "Employment Agreement"); and

     WHEREAS,  the  Executive  and  the  Company  have  agreed  that,  as of the
Execution  Date,  Executive  shall cease to be employed by the Company and shall
cease to serve as  Chairman  and as a member of the Board,  and they wish to set
forth their mutual agreement as to the terms and conditions thereof;

     NOW, THEREFORE, the Company and the Executive hereby agree as follows:

     1.  Separation.  Effective as of the Execution  Date,  the Executive  shall
cease to be employed by the  Company and shall  resign from his  position as and
cease to be Chairman and a member of the Board,  and shall resign from and cease
to hold all other  positions the Executive  held as of the Execution  Date as an
officer or member of the board of directors of any of the Company's subsidiaries
or  affiliates  (the  Company and all of its  subsidiaries  and  affiliates  are
hereinafter  referred to as the  "Affiliated  Entities").  The Executive  hereby
agrees to execute any and all  documentation  in  connection  with the foregoing
upon request by the Company,  but he shall be treated for all purposes as having
ceased to be so employed and as having so resigned effective as of the Execution
Date, regardless of when or whether he executes any such documentation.

     2. Employment Agreement. Effective as of the Execution Date, the Employment
Agreement shall terminate and shall  thereafter be of no force and effect except
that  Sections  8, 9, 10,  and  1l(b) of the  Employment  Agreement  (which  are
incorporated  herein by  reference)  shall  survive such  termination  and shall
remain in full  force and  effect  in  accordance  with  their  terms,  it being
understood that the Restricted  Period (as defined in the Employment  Agreement)
applicable to the provisions of Section 8(b) of the Employment  Agreement  shall
be one year following the Execution  Date.  Other than as expressly set forth in
or contemplated  by this Agreement and other than vested benefits  accrued under
employee  benefit plans of the Company,  the Executive  shall not be entitled to
receive any benefits,  payment or other  compensation from the Company or any of
the  Affiliated  Entities in connection  with his cessation of employment or his
ceasing to serve as Chairman  and as a member of the Board,  including,  without
limitation,  severance  and  benefits  under  the  Employment  Agreement  or the
Restated Senior Officer Agreement between the Company and the Executive.
<PAGE>
     3. Separation Benefits: Mutual Release.

     (a) Subject to the provisions of Section 8 of the Employment Agreement, and
subject to Section 3(b) below,  the Executive  shall be entitled to receive from
the Company the payments  and  benefits set forth in Section 5(a) of  Employment
Agreement.

     (b) If the  Executive  executes  a Release,  substantially  in the form set
forth in  Appendix A hereto  (the  "Release"),  and does not revoke the  Release
within the time provided therein for such revocation,  then in consideration for
the Release (i) the Company shall pay to the Executive,  promptly  following the
end  of  the  revocation  period   contemplated  by  the  Release  and  in  full
satisfaction  of  the  Company's  obligations  under  Section  5(a)(ii)  of  the
Employment  Agreement,  a lump sum cash payment  equal to the amount  determined
pursuant to Section 5 (a)(ii) of the  Employment  Agreement,  less the amount of
any installment  payments  previously made to Executive pursuant to such Section
and (ii) the Company shall also execute the Release.

     4. Nondisparagement.

     (a) The  Executive  shall  not  make,  participate  in the  making  of,  or
encourage  any other  person to make,  any  statements,  written or oral,  which
criticize  or  disparage  the goodwill or  reputation  of any of the  Affiliated
Entities  or any of  their  respective  past  or  present  directors,  officers,
executives or employees.

     (b) The Company shall instruct its directors and officers and the directors
and officers of its Affiliated  Entities not to make,  participate in the making
of, or encourage  any other  person to make any  statements  which  criticize or
disparage the Executive's integrity or moral character.

     (c) Notwithstanding the foregoing, nothing in this Section 4 shall prohibit
any person from making truthful  statements when required by order of a court or
other body having jurisdiction,  or as otherwise may be required by law or legal
process.

     5. Tax Withholding.  Notwithstanding any other provision of this Agreement,
the Company may withhold from any amounts payable under this  Agreement,  or any
other benefits received  pursuant hereto,  any amounts required or authorized to
be withheld under any applicable law or regulation including any Federal,  state
and/or local taxes.

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

     7. Entire Agreement. This Agreement represents the entire agreement between
the  parties  with  respect  to the  subject  hereof  and  supersedes  all prior
discussions,  representations,  arrangements  and agreements with respect to the
subject matter hereof.

     8.  Governing  Law. This  Agreement  shall be governed by, and construed in
accordance  with,  the laws of the  State of  Wisconsin,  without  reference  to
principles of conflict of laws.

                                       -2-
<PAGE>
     IN WITNESS  WHEREOF,  each of the  parties  hereto has duly  executed  this
Agreement as of the date first set forth above.

                                       Snap-on Incorporated

                                       By: /s/Bruce S. Chelberg
                                           -------------------------------
                                       Name: Bruce S. Chelberg
                                       Title: Chairman, Organization & Executive
                                       Compensation Committee

                                       /s/ Dale F. Elliott
                                       -----------------------------------

                                       -3-

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