Document:

f8k0710_x101-riic.htm

    

    MEMORANDUM
      OF AGREEMENT

    

    

    This
      agreement is made by and between:

    

    
      	
              1.  

            	
              Royal
                Invest International Corporation a publicly traded corporation trading
                on
                the Over the Counter (“OTC”) under the symbol RIIC, incorporated in the
                United States of America in the State of Delaware with its registered
                office located at 980 Post Road East, 2nd. floor, Westport, Connecticut
                06990, USA, legally represented by its CEO Mr. Jerry Gruenbaum and/or
                Royal Invest Europe BV - hereinafter jointly and individually referred
                to
                as  “BUYER”

            

    

    

    and

    

    
      	
              2.  

            	
              Machine
                Transport Midden Nederland BV, registered at the Chamber of Commerce
                number,  30157069 located Brouwersstraat 138 C, 2231 HV
                Rijnsburg, in The Netherlands;

            

    

    

    
      	
              3.  

            	
              FVG
                BV, Osdorperweg 518 E, 1067 SX registered at the Chamber of Commerce
                number 33242164,  located, in The
                Netherlands;

            

    

    

    
      	
              4.  

            	
              Emile-Staete
                BV, Osdorperweg 518 E, 1067 SX,  registered at the Chamber of
                Commerce number 33136291,  located, in The
                Netherlands;

            

    

    

    
      	
              5.  

            	
              Rico
                Staete  BV, registered at the Chamber of Commerce number
                33288149,  located, in The
                Netherlands;

            

    

    

    Parties
      2
      up to and including 5 hereinafter jointly and individually referred to as
“SELLER” and legally represented by L.J.C.M. Kassing

    

    And

    

    
      	
              6.  

            	
              E.C.M.
                Hoff Holding BV, registered at the Chamber of Commerce number, 4376171,
                located in The Netherlands, legally represented by D. Havenaar, “DEAL
                MANAGER”

            

    

    

    For
      purposes of this agreement BUYER and SELLER are collectively referred to as
      “PARTIES” and individually referred to as a “PARTY”.

    

    

    

    Whereas:

    

    
      	
              1.  

            	
              PARTIES
                desire to confirm the intermediate outcome of the negotiations which
                have
                taken place from January 2007 till to date by means of this
                agreement.

            

    

    
      
         

      

      
        1

      

      
         

      

    

    

    
      	
              2.  

            	
              SELLER
                is the owner of the commercial properties, accompanying premises
                and
                parking areas located at:

            

    

    

    

      
        	
                1.  

              	
                Meijlweg
                  7, in Vianen, the Netherlands

              

      

      
        	
                2.  

              	
                Berenkoog
                  53, Alkmaar, the Netherlands

              

      

      
        	
                3.  

              	
                Keulsekade
                  21, Utrecht, the Netherlands

              

      

      
        	
                4.  

              	
                Edisonweg
                  9, Woerden, the Netherlands

              

      

      
        	
                5.  

              	
                De
                  Schans 1802, Lelystad, the
                  Netherlands

              

      

      
        	
                6.  

              	
                Franciscusweg
                  8-10, Hilversum, the Netherlands

              

      

      
        	
                7.  

              	
                Tackenweide
                  48, Emmerich, Germany

              

      

    Hereafter
      referred to as the “PROPERTIES”.

    

    
      	
              3.  

            	
              The
                current officers and directors of Royal Invest International Corp
–
                including Mr Jerry Gruenbaum and Mr Nathan Lapkin - are not directly
                or
                indirectly affiliated to SELLER and /or DEAL MANAGER in any fashion
                what
                so ever.

            

    

    

    Therefore:

    

    In
      consideration of the potential undertakings and future covenants set forth
      in
      this agreement “PARTIES” agree as follows.

    

    
      	
              1.  

            	
              The
                “BUYER” will acquire the “PROPERTIES” as far as these are located in The
                Netherlands for the amount of 32.916.000 Euro
                (thirty-two-million-nine-hundred-sixteen-thousand) including transfer
                costs – excluding the costs for the notarial deeds. Under specific
                conditions, transfer costs for the Dutch properties are to be paid
                for by
                the “SELLER” in as far as relating to Dutch real estate transfer
                costs.  The BUYER” will acquire the “PROPERTIES” as far as these
                are located in Germany for the amount of 4.750.000 Euro
                (four-million-seven-hundred-fifty-thousand) excluding transfer costs.
                Transfer costs for the German properties are to be paid for by the
                “BUYER”. This transaction will be confirmed by “PARTIES” by means of one
                or more formal purchase agreement(s).  The terms of the agreed
                acquisition will be more particularly set forth in one or more purchase
                agreements and one or more definitive agreements (collectively the
                definitive agreements) to be mutually agreed upon by the “PARTIES”. Under
                the condition of due diligence and at the discretion of BUYER, the
                PROPERTY can also be purchased through the purchase of the shares
                in a
                corporation which fully owns the
                PROPERTIES.

            

    

    

    
      	
              2.  

            	
              PARTIES
                identify and agree that the location Emmerich, Germany mentioned
                above
                will be transferred by the sale and delivery of 94% of the issued
                and
                outstanding shares in Rico-Staete B.V. – whereby the shares purchased by
                BUYER will have all economical ownership rights. The attached balance
                sheet as per March 31, 2007 reflects a net asset value of € 1.038.969
                (Annex 1). If and when the transfer will be effectuated, the interim
                balance sheet as per the date of March 31, 2007 will taken as the
                moment
                for the economical date of transfer. PARTIES indentify and agree
                that
                BUYER has to refinance the current mortgage loan taken up by Rico-Staete
                B.V. at the moment of delivery to the amount of approximately €
                3.560.000.

            

    

    

    
      	
              3.  

            	
              All
                properties not being transferred through the sale and delivery of
                shares
                will be transferred on basis of the status per June 1, 2007 (whereby
                all
                income and costs relating as from that date onwards are for the account
                of
                BUYER – all to be determined and agreed between parties within two months
                following any transfer).

            

    

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
      	
              4.  

            	
              Determination
                of the number of shares to be issued by BUYER to SELLER as well as
                the
                final purchase price payable will based on the lower of a fixed currency
                exchange rate of the US$ / EURO of 1,36 or the currency exchange
                rate
                effectively as per July 1, 2007. The shares acquired by SELLER or
                a group
                company of SELLER will be delivered to this party no later than the
                Final
                Closing Date in the definitive
                agreements.

            

    

    

    
      	
              5.  

            	
              The
                BUYER intends to fund the purchase by obtaining a bank loan of
                31,000,000 Euro (thirty-one-million) from the Bank of
                Scotland. An amount of the purchase price payable limited to
                7.704.476 Euro (seven-million-seven-hundred-and four-thousand and
                four-hundred-seventy-six) will firstly be recorded as a convertible
                debentures and subsequently financially reorganized by conversion
                into the
                equivalent of a number of shares of the BUYER’s company common stock
                delivered in certificates bearing DEAL MANAGER’s or designated names with
                a lock-up period of 24 months upon issue at an agreed share price
                of  0.10 US Dollar;

            

    

    

    
      	
              6.  

            	
              BUYER
                will issue 1,000 (one-thousand) shares of the BUYER’s company preferred
                stock delivered in certificates bearing DEAL MANAGER’s or designated names
                at an agreed share price of 0.10 US Dollar payable in cash; Assumption
                is
                here that at closing of this deal these preferred shares will give
                the
                right to appoint one Member of RIIC’s Board of Directors and to request
                the Board organising a shareholders’
meeting.

            

    

    

    
      	
              7.  

            	
              DEAL
                MANAGER has on behalf of Royal Invest Europe BV organized a term
                sheet for
                a bank loan. DEAL MANAGER’s services have been agreed upon on basis of the
                attached consultancy agreement disclosing the commissions
                payable.

            

    

    

    
      	
              8.  

            	
              The
                parties will negotiate the terms and begin preparation of the Definitive
                Agreements that will govern all the above mentioned agreed items.
                To the
                extent appropriate for transactions of this type and size, the Definitive
                Agreements will contain but not limited to customary representations,
                warranties, covenants, indemnities and other agreements of the
                parties.

            

    

    

    
      	
              9.  

            	
              The
                Definitive Agreements shall include customary conditions precedent
                generally applicable to an acquisition of the nature and size of
                the
                transactions contemplated by this Agreement, each of which must be
                satisfied prior to the consummation of the transactions contemplated
                thereby. In general, the closing of the proposed acquisition and
                the
                obligations of each party under the Definitive Agreements will be
                subject
                to the satisfaction of the conditions precedent, which shall include
                but
                not be limited to:

            

    

    

    
      	
              (a)  

            	
              Satisfactory
                Results of Due Diligence

            

    

    The
      satisfactory completion of due diligence investigation and acquisition audit
      by
      BUYER (as provided in paragraph 10) showing that the assets of SELLER and any
      actual or contingent liabilities against those assets, and the prospective
      business operations by SELLER or SELLER’s business are substantially the same as
      currently understood by BUYER as of the date of this Agreement (determined
      without regard to any documents which BUYER or any party may have previously
      delivered to BUYER).

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
      	
              (b)  

            	
              Compliance

            

    

    Satisfactory
      determination that the acquisition and prospective business operations by BUYER
      of SELLER’s business will comply with all applicable laws and regulations,
      including antitrust and competition laws.

    

    
      	
              (c)  

            	
              Consents
                and Approvals

            

    

    The
      approval and consent of the Definitive Agreements by the respective Boards
      of
      BUYER and SELLER and the receipt of the consents and approvals from all
      governmental entities, utility providers, railways, material vendors, lenders,
      landlords, customers, and other parties which are necessary or appropriate
      to
      the acquisition of  the prospective business operation by BUYER, and
      the receipt of all necessary governmental approvals including the expiration
      or
      termination of all required waiting periods.

    

    
      	
              (d)  

            	
              Absence
                of Material Litigation or Adverse
                Change

            

    

    There
      must be no pending or threatened material claims or litigation involving SELLER,
      and no material adverse change in the business prospects of BUYER operating
      SELLER’s business.

    

    
      	
              (e)  

            	
              Delivery
                of Legal Opinions

            

    

    Customary
      legal opinions must be delivered, the content of which shall be mutually agreed
      upon.

    

    
      	
              (f)  

            	
              Muermans
                Deal

            

    

    This
      deal
      should become effective simultaneously with the acquisition by BUYER of the
      Assen Property located at the Schepermaat 4 (probably through the purchase
      of
      controlling stock in Muermans Vastgoed 46 BV).

    

    
      	
              (g)  

            	
              Financing

            

    

    Up
      to
      July 31, 2007 the BUYER can waive its obligations under this Agreement when
      the
      financing by Bank of Scotland and/or any other bank has not provided sufficient
      backing for 80% of the purchase price payable.

    

    
      	
              (h)  

            	
              Final
                transfer date

            

    

    The
      delivery of the properties (or the shares in the company owning the respective
      property) will take place no later than four weeks upon the final approval
      on
      the financing. When the delivery of the properties takes place, the economical
      ownership will be effectively recorded as from June 1, 2006 and for shares
      in
      the company owning the respective property as per April 1,
      2006.

    

    

    
      	
              10.  

            	
              From
                the date of acceptance by the parties of the terms of this Agreement,
                until the negotiations are terminated as provided in paragraph 11
                of this
                Agreement, SELLER will give BUYER and BUYER’s management personnel, legal
                counsel, accountants, and technical and financial advisors, full
                access
                and opportunity to inspect, investigate and audit the books, records,
                contracts, and other documents of SELLER as it relates to SELLER’s
                business and all of SELLER’s assets and liabilities (actual or
                contingent), including, without limitation, inspecting SELLER’s property
                and conducting additional environmental inspections of property and
                reviewing financial records, contracts, operating plans, and other
                business records, for the purposes of evaluating issues related to
                the
                operation of SELLER’s business. SELLER further agrees to provide BUYER
                with such additional information as may be reasonably requested pertaining
                to SELLER’s business and assets to the extent reasonably necessary to
                complete the Definitive Agreements.

            

    

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    
      	
              11.  

            	
              By
                their signature below, each party agrees to keep in strict confidence
                all
                information regarding the terms of the proposed acquisition of the
                Operations, except to the extent BUYER must disclose information
                to
                lenders and equity partners to obtain financing. If this proposal
                is
                terminated as provided in paragraph 14, each party upon request will
                promptly return to the other party all documents, contracts, records,
                or
                other information received by it that disclose or embody confidential
                information of the other party. BUYER agrees to keep all material
                and
                information provided to it, under paragraph five above, confidential
                and
                to promptly return the same to SELLER upon termination of this Agreement.
                The provisions of this paragraph shall survive termination of the
                agreements set forth in paragraphs
                9-15.

            

    

    

    
      	
              12.  

            	
              No
                party will make any public disclosure or issue any press releases
                pertaining to the existence of this Agreement or to the proposed
                acquisition and sale between the parties without having first obtained
                the
                consent of the other parties, except for communications with employees,
                customers, suppliers, governmental agencies, and other groups as
                may be
                legally required or necessary or appropriate (i.e., any securities
                filings
                or notices), and which are not inconsistent with the prompt consummation
                of the transactions contemplated in this Agreement. The provisions
                of this
                paragraph shall survive termination of the agreements set forth in
                paragraphs 9-15.

            

    

    

    
      	
              13.  

            	
              Except
                for breach of any confidentiality provisions hereof, no party to
                this
                Agreement shall have any liability to any other party for any liabilities,
                losses, damages (whether special, incidental or consequential), costs,
                or
                expenses incurred by the party in the event the negotiations among
                the
                parties are terminated as provided in paragraph 12. Except to the
                extent
                otherwise provided in any Definitive Agreement entered into by the
                parties, each party shall be solely responsible for its own expenses,
                legal fees and consulting fees related to the negotiations described
                in
                this Agreement, whether or not any of the transactions contemplated
                in
                this Agreement are consummated.

            

    

    

    
      	
              14.  

            	
              This
                Agreement assumes the Parties to sign the intended Definitive Agreements
                based on the results of previous negotiations and the previous good
                constructive talks no later than on July 25th, 2007. The negotiations
                shall only fail if a confident cooperation can no longer be ensured.
                Such
                a situation may not be caused intentionally by any of the Parties.
                The
                Parties do have the intention to sign the intended Definitive Agreements.
                The failure of the negotiations shall be announced in writing by
                a Party
                who shall also specify the reasons. This Party shall be entitled
                to
                convene a new negotiation meeting within two weeks in order to eliminate
                the grounds for failure and/or to claim damages on basis of the current
                status of negotiations – whereby this Party proofs that the reasons for
                the failure of the negotiations are not due to this Party and/or
                the other
                Party has no material evidence on failure due to issues arising from
                the
                due diligence review whereby one of the Parties can not guarantee
                adequately to the other Party that the SELLER’s business is substantially
                the same as currently understood by
                BUYER.

            

    

    

    
      	
              15.  

            	
              Parties
                agree that neither of them nor any of their affiliates will pursue,
                solicit or discuss any opportunities for any party other than to
                acquire
                or otherwise control the Operations until this Agreement is terminated
                by
                Parties or mutually by Parties or any of the events in paragraph
                14 do not
                occur by the dates stated and Parties in writing that they are pursuing
                other buyers for the PROPERTIES.

            

    

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
      	
              16.  

            	
              This
                Agreement shall be governed by, and construed and interpreted under
                the
                laws of The Netherlands.

            

    

    

    BUYER
      referred to this Agreement acknowledges the terms and conditions hereof, and
      agrees to be bound by the clauses included in this document,

    

    

    Royal
      Invest International Corp.  ( BUYER )

    Represented
      by Jerry Gruenbaum

    

     

    Signature:   /s/
      Jerry Gruenbaum,
      CEO                                            Date:
May 25, 2007

    

    

    SELLER
      referred to this Agreement acknowledges the terms and conditions
      hereof, and agrees to be bound by the clauses included in this
      document,

    

    Machine
      Transport Midden Nederland b.v.,  FVG BV, Emile-Staete BV, Rico
      Staete  BV

    (SELLER)

    

    Represented
      by L.J.C.M. Kassing

     

     

    Signature:   /s/
      L.J.C.M.
      Kassing                                                    
Date: May 25, 2007

    

    

    DEAL
      MANAGER referred to this Agreement acknowledges the terms and
      conditions hereof, and agrees to be bound by the clauses included in this
      document,

    

    E.C.M.
      Hoff Holding BV.  ( DEAL MANAGER )

    Represented
      by D. Havenaar

     

    Signature:   /s/
      David
      Havenaar                                                     
Date: May 25, 2007

    
      
         

      

      
        6f8k0711_x102-riic.htm

    CONSULTING
      AGREEMENT

    

    THIS
      CONSULTING AGREEMENT ("Agreement"), dated for reference purposes as of
May 25th 2007 is by and between

    

    
      	
              1

            	
              Royal
                Invest International Corporation (RIIC) a publicly traded corporation
                trading on the Over the Counter (“OTC”) under the symbol RIIC,
                incorporated in the United States of America in the State of Delaware
                with
                its registered office located at 980 Post Road East, 2nd. floor,
                Westport,
                Connecticut 06990, USA, legally represented by its CEO Mr. Jerry
                Gruenbaum, hereinafter also referred to as “RIIC” or
                “Client”

            

    

    

    
      	
              2

            	
              ECM
                HOFF HOLDING B.V.   David Havenaar geboren
                te ’s
                Gravenhage op zeven maart negentienhonderd drieenzestig, wonende
                te 3024
                VD  Rotterdam, Willembuytewechstraat 118 C2, ongehuwd, houder
                van een Nederlands paspoort, nummer: NK 4376171, handelend als zelfstandig
                bevoegd directeur van de besloten vennootschap met beperkte
                aansprakelijkheid E.C.M. Hoff Holding b.v., Statutair gevestigd te
                Steenbergen NB en kantoorhoudend te Ditlaar 7, te Amsterdam; Hierna
                te
                noemen ECM
                (“ECM” or "Consultant").

            

    

    

    

    RECITALS

    

    WHEREAS,
      Consultant is engaged in the business of providing consulting services; and
      WHEREAS, Client wishes to engage Consultant to provide certain business and
      financial consulting services in connection with the Client as described herein
      (the “Services”); and WHEREAS, Consultant desires to provide such Services upon
      the terms and conditions set forth herein.

    

    NOW,
      THEREFORE, in consideration of the mutual covenants and conditions contained
      herein, the parties hereto hereby agree as follows:

    

    AGREEMENT

    

    
      	
              I.  

            	
              Appointment.
                Client hereby engages Consultant to perform the Services
                and
                Consultant agrees to accept such engagement upon the terms and conditions
                set forth herein. Client acknowledges and agrees that Consultant
                shall
                have the exclusive right to perform the Services for all parties
                it
                introduces the Client to.

            

    

    

    
      	
              II.  

            	
              The
                Services. The services described hereunder will be performed
                on a “reasonable efforts” basis.

            

    

    

    
      	
              a.  

            	
              Finding
                Services. To assist Client in securing financing (debt or equity)
                for
                additional / acquisition / expansion capital in the form of equity,
                preferred equity, loan, credit facility, or any other debt instrument
                (“Financing”), by introducing client to equity and / or debt financing
                sources, including individuals, banks, finance companies, and other
                parties (“Qualified Investor(s)” or “Qualified Lender(s)”). No “firm
                commitment” for financing is either expressed or implied in any scenario.
                Company will rely solely on its own judgment and that of its legal
                counsel
                to determine the desirability of any
                transaction.

            

    

    

    
      	
              III.  

            	
              Compensation.
                Subject to the termination of this Agreement as provided
                herein, Client shall compensate Consultant for the performance of
                the
                Services hereunder upon the following terms and
                conditions:

            

    

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
      	
              a.  

            	
              Success
                Fee Compensation Qualified Lenders. A fee (“Success Fee”) of
                two percent (two hundred basis points) of the maximum proceeds available
                under the Financing provided by any Qualified Lender(s) (2.0%) introduced
                by Consultant to Client, immediately due and payable as part of the
                closing of the Financing. If the Financing is increased or subsequent
                Financings are issued to Client for the above specified project,
                by
                Qualified Lender(s), Consultant will be due additional Success Fees,
                at
                the same rate, for a period of Two Years from the closing of the
                first
                Financing. The Success Fee will be due and payable to Consultant
                whenever
                the proceeds of any Financing are made available to Client by a Qualified
                Lender(s), even if the term of this agreement has elapsed. Success
                Fee
                will be directly paid from any receipt of funds paid by Lender to
                Client.

            

    

    

    
      	
              b.  

            	
              Success
                Fee Compensation Qualified Investors. A fee (“Success Fee”)
                of eight percent (eight hundred basis points) of the maximum proceeds
                available under the Financing provided by any Qualified Investor(s)
                (8.0%)
                introduced by Consultant to Client, immediately due and payable as
                part of
                the closing of the Financing. If the Financing is increased or subsequent
                Financings are issued to Client for the above specified project,
                by
                Qualified Investor(s), Consultant will be due additional Success
                Fees, at
                the same rate, for a period of Two Years from the closing of the
                first
                Financing. The Success Fee will be due and payable to Consultant
                whenever
                the proceeds of any Financing are made available to Client by a Qualified
                Investor(s), even if the term of this agreement has elapsed. Success
                Fee
                will be directly paid from any receipt of funds paid by Investor(s)
                to
                Client.

            

    

    

    
      	
              c.  

            	
              Expenses.
                All reasonable out of pocket expenses associated with
                the
                execution of the Services including: telephone and travel expenses
                will be
                reimbursed by the Client within two weeks of their submission, provided
                that they are authorized in advance in writing by
                Client.

            

    

    

    
      	
              d.  

            	
              Non-Exclusive.
                Consultant agrees to perform the Services efficiently and to the
                best of
                Consultant's ability. It is anticipated that the Consultant shall
                spend as
                much time as deemed necessary in order to perform the obligations
                of
                Consultant hereunder. Notwithstanding the foregoing, Client acknowledges
                and agrees that Consultant’ engagement with Client is not exclusive and
                that the Consultant is engaged in other business endeavors and that
                each
                Consultant reserves the right to continue to do so throughout the
                term of
                this Agreement.

            

    

    

    
      	
              e.  

            	
              Exclusive.
                Client acknowledges and agrees that Client’s engagement with
                Consultant is exclusive for a period of 180 (one hundred and eighty)
                days
                starting from the execution of this agreement. During such time,
                Client
                shall not engage with any other firms to raise the requested
                capital.

            

    

    

    
      	
              IV.  

            	
              Non-Disclosure.
                Consultant and Client acknowledge that each may have
                access
                to proprietary information regarding the business operations of the
                other
                and agree to keep all such information secret and confidential and
                not to
                use or disclose any such information to any individual or organization
                without the non-disclosing parties prior written consent. It is hereby
                agreed that from time to time Consultant and the Client may designate
                certain disclosed information as confidential for purposes of this
                Agreement.

            

    

    

    
      	
              V.  

            	
              Independent
                Contractor. Both Client and Consultant agree that Consultant
                will act as independent contractor in the performance of their duties
                under this Agreement. Nothing contained in this Agreement shall be
                construed to imply that Consultant, or any employee, agent or other
                authorized representative of Consultant, are a partner, joint venture,
                agent, officer or employee of Client. Consultant acknowledges and
                agrees
                that Consultant has no authority whatsoever to enter into any binding
                agreements or contracts on behalf of the Client with any third party
                or to
                make any representations or warranties on behalf of the Client to
                third
                parties. Consultant each agrees to notify all third parties of its
                lack of
                authority to represent and act on behalf of the Client as provided
                herein.

            

    

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
      	
              VI.  

            	
              Term;
                Termination.

            

    

    

    
      	
              a.  

            	
              The
                term of the Agreement shall commence on INSERT DATE
                and continue until INSERT DATE or
                such time as the target funding amount has been reached unless mutually
                agreed to extend.

            

    

    

    
      	
              b.  

            	
              Client
                may terminate this agreement, for cause only, at any time with fifteen
                days written notice, and a fifteen-day period to cure any breach.
                For
                purposes of this subsection "cause" for termination shall be: (a)
                any
                felonious conduct or material fraud by Consultant in connection with
                Client; (b) any embezzlement or misappropriation of funds or property
                of
                Client by Consultant; (c) any material breach of or material failure
                to
                perform any covenant or obligation of Consultant under this Agreement;
                or
                (d) gross negligence by Consultant in the performance of their duties
                under this Agreement.

            

    

    

    
      	
              VII.  

            	
              Non-Solicitation.
                For a period of one year following termination of this
                Agreement, Consultant agrees not to do any of the following: (i)
                call on,
                solicit, or take away any of the Client’s customers or potential customers
                Consultant became aware of as a result of performing the Services
                under
                this Agreement; or (ii) solicit or hire away any of the Client’s employees
                or contractors which Consultant became aware of as a result of performing
                the Services under this Agreement.

            

    

    

    
      	
              VIII.  

            	
              Limitation
                on
                Liability/Indemnity.

            

    

    

    
      	
              a.  

            	
              Consultant
                will not be liable to Client, or to anyone who may claim any right
                due to
                a relationship with Client, for any acts or omissions in the performance
                of the Services under this Agreement unless such acts or omissions
                constitutes gross negligence or willful
                misconduct.

            

    

    

    
      	
              b.  

            	
              Client
                agrees to indemnify, defend and hold harmless Consultant, and its
                respective principals, affiliates, and agents (each, a “Consultant-Related
                Party”), from and against any and all liabilities, losses, damages,
                claims, costs, judgments, suits, demands, proceedings, assessments,
                and
                expenses that Consultant-Related Party shall incur or suffer that
                arise,
                result from or relate to the performance of the Services under this
                Agreement, unless Consultant are judged by a court of competent
                jurisdiction to be guilty of gross negligence or willful
                misconduct.

            

    

    

    
      	
              c.  

            	
              Consultant
                agrees to indemnify, defend and hold harmless Client, and its principals,
                affiliates, and agents (each, a “Client-Related Party”), from and against
                any and all liabilities, losses, damages, claims, costs, judgments,
                suits,
                demands, proceedings, assessments, and expenses that Client-Related
                Party
                shall incur or suffer that arise, result from or relate to the gross
                negligence or willful misconduct of the
                Consultant.

            

    

    

    
      	
              IX.  

            	
              Binding
                Effect. This Agreement shall be binding upon and inure to the
                benefit of the parties hereto their respective devisees, legatees,
                heirs,
                legal representatives, successors, and permitted assigns. The preceding
                sentence shall not affect any restriction on assignment set forth
                elsewhere in this Agreement.

            

    

    

    
      	
              X.  

            	
              Notices.
                Any notice, request, demand, or other communication
                given
                pursuant to the terms of this Agreement shall be deemed given upon
                delivery, if hand delivered, or forty-eight (48) hours after deposit
                in
                the United States mail, postage prepaid, and sent certified or registered
                mail, return receipt requested, correctly addressed to the addresses
                of
                the parties indicated below or at such other address as such party
                shall
                in writing have advised the other
                party.

            

    

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    If
      to
      Client:

    Royal
      Invest International Corporation (RIIC)

    980
      Post
      Road East, 2nd. floor, Westport, Connecticut 06990, USA

     

    Attn:  Jerry
      Gruenbaum

     

    If
      to
      Consultant:

    ECM
      HOFF
      HOLDING B.V.

    Ditlaar
      7

    Sloten

    The
      Netherlands

    

    Attn:
      David Havenaar

    

    
      	
              XI.  

            	
              Entire
                Agreement. Except as provided herein, this Agreement contains
                the entire agreement of the parties, and supersedes all existing
                negotiations, representations, or agreements and all other oral,
                written,
                or other communications between them concerning the subject matter
                of this
                Agreement.

            

    

    

    
      	
              XII.  

            	
              Counterparts;
                Facsimile Signatures; Signatures in PDF Form. This agreement
                may be executed in any number of counterparts, each of which will
                be
                deemed an original, but all of which taken together shall constitute
                one
                and the same instrument. Delivery of a copy of this agreement bearing
                a
                signature by facsimile transmission or e-mail in PDF form will have
                the
                same effect as physical delivery of the document bearing the original
                signature.

            

    

    

    
      	
              XIII.  

            	
              Modification.
                No change, modification, addition, or amendment to this
                Agreement shall be valid unless in writing and signed by all parties
                hereto.

            

    

    

    
      	
              XIV.  

            	
              Attorneys'
                Fees. Except as otherwise provided herein, if a dispute
                should arise between the Consultant and Client including, but not
                limited
                to arbitration, if the Consultant is the prevailing party, Client
                shall be
                reimburse Consultant for all reasonable expenses incurred in resolving
                such dispute, including reasonable attorneys' fees exclusive of such
                amount of attorneys' fees as shall be a premium for result or for
                risk of
                loss under a contingency fee
                arrangement.

            

    

    

    
      	
              XV.  

            	
              Assignment.
                Except as expressly provided herein, neither party shall
                assign its rights or obligations under this Agreement without the
                express
                prior written consent of the other
                party.

            

    

    

    
      	
              XVI.  

            	
              Governing
                Law. This Agreement shall be construed in accordance with
                and
                governed by the laws of the State of California of the United States
                of
                America, without reference to the conflicts of law’s provisions
                thereof.

            

    

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
      executed as of the date first set forth above.

     

    "Client"                                                                                                                                                                           
       "Consultant"

     

    ROYAL
      INVEST INTERNATIONAL
      CORP.                                                                                                                 ECM
      HOFF HOLDING B.V.

     

    By:
      /s/ Jerry
      Gruenbaum                                                                                                                                           
       By: /s/ David
      Havenaar

                   
      Jerry
      Gruenbaum                                                                                                                                                     
 David Havenaar

    Chief
      Executive
      Officer                                                                                                                                        
   Managing Partner

    

    

    
      
         

      

      
        4

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