Document:

Exhibit 4.5

Exhibit 4.5

 

OFFER AND AGREEMENT TO PURCHASE

 

THIS AGREEMENT is made as of the 12th day of December, 2008 (the "Effective Date") between Sprott-Shaw Degree College Corp., a British Columbia company having an office at Unit 1200, 777 West Broadway, Vancouver, BC, V5Z 4J7 (the "Purchaser"); Pan Pacific International College Inc. (the "Vendor"), a British Columbia Company, having its registered office address at 4th Floor, 1007 Fort Street, Victoria, British Columbia, Canada V8V 3K5; and Thaddeus Monckton (the "Covenantor"), an individual of ________, Victoria, British Columbia.

 

BACKGROUND

 

A.            The Vendor carries on the business of offering educational courses and instruction in various locations in British Columbia under the trade name "Pan Pacific International English College" and other similar names (the "Business").

 

B.            The Vendor has agreed to sell to the Purchaser, or its nominee corporation or assignee, and the Purchaser has agreed to purchase certain property and assets owned by the Vendor on the terms and subject to the conditions provided in this Agreement.

 

C.            The Covenantor owns and controls the Vendor and consequently has an interest in the transactions herein set forth.

 

TERMS OF AGREEMENT

 

In consideration of the premises and the covenants, agreements, representations, warranties and payments contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the parties agree as follows:

 

1.             DEFINITIONS

 

Whenever used in this Agreement or in the Schedules hereto, unless there is something in the subject matter or context inconsistent therewith, the following words and terms will have the indicated meanings and grammatical variations of such words and terms will have corresponding meanings:

 

(a)           "Approvals" means all licenses, approvals and authorizations required from all regulatory and governing bodies for the Purchaser to purchase the Assets and offer the Pan Pacific Courses and confer diplomas and degrees with respect to same;

 

(b)           "Assets" means those assets listed on Schedule A including without limitation the Pan Pacific Student Contracts and the IP Assets;

 

(c)           "Closing" means the 2nd day of January, 2009;

 

(d)           "Encumbrances" means mortgages, charges, pledges, security interests, liens, encumbrances, actions, rights and claims, adverse interests, acquisition rights of third parties, demands and equities of any nature, whatsoever or howsoever arising, and any rights or privileges capable of becoming any of the foregoing;

 

(e)           "Existing Pan Pacific Premises" means 810 Fort Street, Third Floor, Victoria, BC, V8W 1H8, at which the Vendor now offers the Pan Pacific Courses;

 

(f)            "Indemnity" has the meaning given to it in Section 11 hereof;

 

(g)           "IP Assets" means the IP Rights pertaining to this purchase agreement and included in Schedule A

 

(h)           "Monckton Agreement" means an employment agreement to be entered into between the Purchaser and the Covenantor on Closing;

 

(i)            "Pan Pacific Courses" means those courses offered by the Vendor at its locations in British Columbia: TEC/TESOL, TOEFL iBT, TOEIC, ESL.

 

SSDC- Pan Pacific Offer and Agreement to Purchase FINAL

 

 

 

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(j)            "Pan Pacific Financial Statements" mean financial statements for the Fiscal Year ending (the "Accountant Comment Statements") and for the interim first, second and third quarter period commencing (the "Interim Statements") financial statements for the operations of the Vendor which are attached as Schedule C;

 

(k)           "Pan Pacific Students" means students who have individually entered into a Pan Pacific Student Contract with the Vendor pursuant to which the Vendor still owes obligations to its student as set forth therein;

 

(l)            "Pan Pacific Student Contracts" means contracts entered into by the Vendor with students pursuant to which the Vendor has agreed to provide Pan Pacific Courses the terms of which are summarized on Schedule D.

 

1.2          Schedules

 

The following Schedules are attached to and form part of this Agreement: 

 

Schedule A - Assets

 

Schedule B - Monckton Agreement

 

Schedule C - Pan Pacific Financial Statements

 

Schedule D - Pan Pacific Student Contracts

 

2.            PURCHASE

 

2.1          Purchase

 

On Closing, the Vendor shall sell, assign and transfer to the Purchaser, and the Purchaser shall purchase the Assets, free and clear of any and all Encumbrances and the Vendor shall cease all operation of the Business as set out herein.

 

3.            PURCHASE PRICE

 

3.1          Purchase Price

 

In consideration for the Assets, the Purchaser shall assume the obligations of the Vendor under the Pan Pacific Student Contracts and enter into the Monckton Agreement.

 

4.            VENDOR AND COVENANTOR REPRESENTATIONS AND WARRANTIES

 

4.1          Representations and Warranties

 

The Vendor and Covenantor hereby jointly and severally represent and warrant to the Purchaser as follows:

 

(a)           the Assets are solely owned by the Vendor as the legal and beneficial owner free and clear of all Encumbrances except those Encumbrances which will be discharged by the Vendor on Closing;

 

(b)           the Vendor is duly licensed, registered and qualified as a corporation to carry on the Business as it is now being conducted and is up to date in the filing of all required corporate returns and other notices and filings and has the power and capacity to own and dispose of the Assets and to enter into this Agreement and carry out its terms to the full extent;

 

(c)           the execution and delivery of this Agreement and the completion of the transaction contemplated by this Agreement have been duly and validly authorized by all necessary corporate action on the part of the Vendor, and this Agreement constitutes a legal, valid and binding obligation of the Vendor enforceable against the Vendor in accordance with its terms;

 

SSDC- Pan Pacific Offer and Agreement to Purchase FINAL

 

 

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(d)           the Approvals are all of the approvals that are material to the operation of the Business and are valid and subsisting. True and complete copies of the Approvals have been delivered to the Purchaser prior to the date hereof. The Vendor is in compliance with in all material respects all terms and conditions of the Approvals. There are no proceedings in progress, or the knowledge of the Vendor or Covenantor pending or threatened, that could result in the revocation, cancellation or suspension of any of the Approvals;

 

(e)           all Approvals are in good standing and unamended and permit the Vendor to carry on the Business as it currently does and to confer the certificates referred to therein in accordance with the requirements thereof; the Vendor has not violated any term or provision of the Approvals and all operations of the Vendor are in material compliance therewith; and the Vendor has not received any notice containing any reference to any matter or event which may threaten or lead to the termination or suspension of the Approvals;

 

(f)            the Pan Pacific Student Contracts and all obligations thereunder are fully summarized in Schedule D attached hereto which contains all materials terms thereof including without limitation all outstanding liabilities and there are no defaults by the Vendor or any of the students thereunder;

 

(g)           the Vendor has paid or will pay on Closing all monies to all statutory and/or government agencies which, if not paid, could constitute or create a lien or charge on the Assets;

 

(h)           the Pan Pacific Financial Statements attached hereto have been prepared in accordance with generally accepted accounting principles ("GAAP") applied on a basis consistent with previous fiscal years, are true, correct and complete in all material respects and present fairly the assets, liabilities and financial condition of the Vendor (including any subsidiaries if consolidated) as at the respective dates thereof and the results of operations for the period to which such financial statements relate. All of the foregoing is done in accordance with GAAP;

 

(i)            neither the Vendor nor any company affiliated with the Vendor or in any way involved in the provision of educational services of any nature or kind as referred to herein is a party to any collective agreement with or commitment to any labour union, trade union, council of trade unions, employee bargaining agent or affiliated bargaining agent or employee association (collectively, "Labour Representatives") nor has it conducted negotiations with respect to any future such collective agreement or commitment;

 

(j)            the Vendor is a resident of Canada and is a GST registrant under the provisions of the Excise Tax Act under number ________; and

 

(k)           the Vendor has disclosed to the Purchaser all matters which are material to this transaction and has not failed to disclose any information or matter which would be of material significance in the determination by the Purchaser to proceed with this transaction. 

 

All covenants, representations and warranties herein contained are true and accurate as of the date hereof and shall be true and accurate on the Closing date and shall not merge on Closing and shall survive and continue in full force and effect following Closing.

 

5.            VENDORS COVENANTS

 

5.1          No Assumption of Liabilities by Purchaser

 

Except as here specifically set forth, the Purchaser will not assume any obligations, liabilities or contracts of the Vendor or the Business and the Vendor and Covenantor, jointly and severally, agree to indemnify and save harmless the Purchaser in respect of any liabilities, costs, damages or expenses of any nature or kind not specifically assigned herein including, without limitation, legal costs and disbursements.

 

5.2          Termination of Employees

 

On or before the Closing, the Vendor will cease operation of the Business and the Vendor will be fully responsible for and pay all liabilities related to its employees. The Purchaser agrees to offer employment

 

SSDC- Pan Pacific Offer and Agreement to Purchase FINAL

 

 

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or consulting agreements to such employees and consultants of the Vendor, as the case may be, as are selected by the Purchaser in its discretion.

 

6.            REGULATORY BODY REQUIREMENTS

 

6.1          Persons that are students enrolled in career programs approved by external regulatory bodies ("Pan Pacific Students"), are not party to this agreement.

 

6.2          Subject to the limitations in this section, Pan Pacific Student Contracts existing between the Pan Pacific Students and the Vendor prior to Closing or when this Agreement comes into effect will be assigned by the Vendor to the Purchaser and the Purchaser will accept the assignment and assume the liabilities under these student contracts associated with educational services that were to be provided by the Vendor to Pan Pacific Students from Closing until the termination date of the contract between the Vendor and Pan Pacific Students. The Vendor will be solely responsible for and the Purchaser will not be responsible for liabilities under the Pan Pacific Student Contracts that may remain in relation to the provision of educational services that were to be provided by the Vendor to the Pan Pacific Students prior to the Closing Date.

 

6.3          The Purchaser will, for the purpose of serving current Pan Pacific Students, adopt admission standards and fees for its programs and current students that are the same as those previously adopted by the Vendor, and accept that current Pan Pacific Students have met the standards for the programs they were enrolled in by the Vendor.

 

6.4          All Pan Pacific Students that intend to continue their studies as students with the Purchaser must have provided a written notice to the Purchaser that they agree to the assignment of the contract they had with the Vendor. In the event one or more Pan Pacific Students do not intend to continue their studies with the Purchaser, the Purchaser must within 10 working days of being so advised by the student(s), issue a prorated tuition refund to the student(s).

 

6.5          If any Pan Pacific Student does not intend to continue and the Purchaser must refund monies to such student, the amount so refunded shall be paid by the Vendor to the Purchaser forthwith on request.

 

7.            CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE PURCHASER

 

7.1          Conditions Precedent

 

The obligations of the Purchaser under this Agreement are subject to the following conditions for the exclusive benefit of the Purchaser being fulfilled or waived by the Purchaser on or before the date specified below:

 

(a)           on Closing, the Vendor shall have fulfilled and complied with all of its obligations herein contained and all the representations and warranties herein shall be true and accurate.

 

7.2          Right of Rescission

 

If any of the conditions in Article 7 are not fulfilled or waived, the Purchaser on Closing may, in addition to all other remedies, rescind this Agreement by notice in writing to the Vendor. In such event, the Purchaser may:

 

(a)           refuse to complete the transactions contemplated herein by notice to the Vendor and in such event each of the Vendor and the Purchaser shall be released from all obligations hereunder; or

 

(b)           complete the transaction contemplated herein, it being expressly understood and agreed that the Purchaser may rely, notwithstanding such completion, upon the covenants and conditions contained in this Agreement.

 

7.3          Waiver

 

The conditions in Article 7 may be waived by the Purchaser in whole or in part without prejudice to any right of rescission or any other right in the event of the non-fulfilment of any other condition or conditions. A waiver will be binding only if it is in writing.

 

SSDC- Pan Pacific Offer and Agreement to Purchase FINAL

 

 

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8.            CLOSING

 

8.1          Vendor Documents

 

On the Closing, the Vendor shall cause its solicitors or designate, to deliver the following documents to the Purchaser's solicitors in a form satisfactory to the Purchaser upon reasonable solicitor's trust conditions for use of the purchase monies to discharge existing financial encumbrances as are customary for transactions of this nature in British Columbia:

 

(a)           Assignment by the Vendor to the Purchaser all Pan Pacific Student Contracts;

 

(b)           Bill of Sale for the Assets;

 

(c)           an executed copy of the Monckton Agreement;

 

(d)           opinion of the Vendor's counsel regarding the status of the Vendor and authorization of this transaction;

 

(e)           Statutory Declaration of the Covenantor confirming accuracy of representations and warranties and fulfillment of closing conditions; and

 

(f)            such other documentation as the Purchaser reasonably requires to effect the terms and provisions of this Agreement including without limitation assignment of tradenames and trademarks associated with the education activities of the Vendor.

 

Documents shall generally be prepared by the Purchaser and submitted to the Vendor for execution in the normal course of transactions of this nature in the Province of British Columbia. On Closing the Vendor will deliver to the Purchaser possession of the Assets.

 

8.2          Purchaser's Documents

 

On the Closing, the Purchaser will deliver to the Vendor's solicitors, or designate, an executed copy of the Monckton Agreement on solicitor's trust conditions for discharge of Encumbrances and other matters as are reasonable for a transaction of this type in British Columbia.

 

8.3          Pre-Closing Obligations

 

From the date hereof and at all times prior to Closing, the Vendor and the Covenantor will:

 

(a)           assist and cooperate with the Purchaser to ensure that the transition of the Pan Pacific Student Contracts to the Purchaser on and after Closing will proceed in a proper and timely manner as required; and

 

(b)           deliver to the Purchaser all authorizations and documents necessary or reasonably required for the Purchaser to complete its due diligence.

 

8.4          Post Closing Obligations

 

Following Closing:

 

(a)           the Vendor and the Covenantor will do all things reasonably necessary as required by the Purchaser from time to time to ensure that the Purchaser becomes entitled to use all of the Approvals for the courses formerly offered by the Vendor as Pan Pacific Courses;

 

(b)           in conjunction with the transfer of the Approvals or issuance of new approvals to the Purchaser, the Vendor will not change its name and will continue to cooperate with and offer the Pan Pacific Courses in the name of the Vendor as required by and in cooperation with the Purchaser to conform with all of the requirements relative thereto pending the transfer of the Approvals to the Purchaser; and

 

(c)           if the Purchaser has agreed to complete this transaction but any closing document has not been delivered, the Vendor and Covenantor will obtain and deliver such documents as soon as possible following Closing

 

  
 

SSDC- Pan Pacific Offer and Agreement to Purchase FINAL

 

 

 

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(d)           the Vendor and Covenantor will use all reasonable efforts and cooperate with the Purchaser to ensure that all students enrolled in the Pan Pacific Location on Fort Street, will be transferred along with their courses to the Purchaser's campus at 2621 Douglas Street, Victoria, British Columbia.

 

9.             FURTHER ASSURANCES

 

The parties will execute such further and other documents and do such further and other things as may be necessary to carry out and give effect to the intent of this Agreement.

 

10.          SET-OFF

 

If, under this Agreement or any document delivered under this Agreement, the Vendor or the Covenantor become obligated to pay any sum of money to the Purchaser, then such sum may at the election of the Purchaser, and without limiting or waiving any right or remedy for the Purchaser under this Agreement, be set off against and will apply to any sum of money or security owed by the Purchaser to the Vendor or the Covenantor until such amount has been completely set off.

 

11.          INDEMNITY

 

11.1        The Vendor and the Covenantor hereby agree, jointly and severally, to indemnify and save the Purchaser harmless from and against all losses, damages, claims and or expenses of any nature or kind (including without limitation legal fees and expenses) incurred by the Purchaser as a result of:

 

(a)           any non performance or non fulfillment of any covenant or agreement on the part of the Vendors contained in this Agreement or in any document executed pursuant to, or contemplated by, this Agreement in order to carry out the transactions contemplated hereby; and

 

(b)           any misrepresentation, inaccuracy, incorrectness or breach of any representation or warranty made by the Vendor and/or Covenantor contained in this Agreement or contained in any document or certificate given in order to carry out the transactions contemplated hereby except that the Vendor and Covenantor shall not be required to indemnify or save harmless the Purchaser in respect of any such failure unless the Purchaser shall have provided notice thereof to the Vendors on or prior to the date which is six (6) months following the Closing.

 

12.          NOTICE

 

All notices required or permitted to be given under this Agreement will be in writing and delivered personally or by courier to the address of the intended recipient set forth on the first page of this Agreement or at such other address as may from time to time be notified by any of the parties in the manner provided in this Agreement. All notices to the Covenantor may be delivered to the address of the Vendor and if so delivered shall be deemed received by the Covenantor.

 

13.          ARBITRATION

 

If a dispute or disagreement arises as between the Vendor and the Purchaser in relation to any matter or issue respecting this Agreement or its terms, the same shall be resolved by binding arbitration under the Commercial Arbitration Act (British Columbia). Any such arbitration shall take place in the City of Vancouver, British Columbia.

 

14.          ENTIRE AGREEMENT

 

This Agreement and attached schedules constitute the entire agreement between the parties and there are no representations or warranties, express or implied, statutory or otherwise and no collateral agreements other than as expressly set forth or referred to in this Agreement.

 

SSDC- Pan Pacific Offer and Agreement to Purchase FINAL

 

 

 

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15.          ASSIGNMENT

 

This Agreement may not be assigned by the Vendor without the prior written consent of the Purchaser, which consent may be arbitrarily withheld. The Purchaser may assign this agreement to a nominee corporation without the prior consent of the Vendor or Covenantor.

 

16.          COVENANTOR

 

The Covenantor is jointly and severally liable with the Vendor to perform and comply with all obligations of the Vendor hereunder.

 

17.          TIME OF THE ESSENCE

 

Time will be the essence of this Agreement.

 

18.          APPLICABLE LAW

 

This Agreement will be governed by and interpreted in accordance with the laws of British Columbia.

 

19.          SUCCESSORS AND ASSIGNS

 

This Agreement will enure to the benefit of and be binding upon the parties and their respective successors and permitted assigns.

 

20.          HEADINGS

 

The headings appearing in this Agreement are inserted for convenience of reference only and will not affect the interpretation of this Agreement.

 

21.          COUNTERPARTS/FACSIMILE

 

This Agreement may be executed in any number of original counterparts, with the same effect as if all the parties had signed the same document, and will become effective when one or more counterparts have been signed by all of the parties and delivered to each of the other parties. This Agreement may be executed by the parties and transmitted by telecopy and if so executed and transmitted this Agreement will be for all purposes as effective as if the parties had delivered an executed and complete original Agreement.

 

AS EVIDENCE OF THEIR AGREEMENT the parties have executed this Agreement as of the day and year first above written. 

 

 

SPROTT-SHAW DEGREE COLLEGE CORP.

 

Per:

 

“signed”

Authorized Signatory

 

 

PAN PACIFIC INTERNATIONAL COLLEGE INC.

 

 

Per: “signed”

Authorized Signatory: President

 

SSDC- Pan Pacific Offer and Agreement to Purchase FINAL

 

 

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SIGNED, SEALED & DELIVERED by THADDEAUS MONCKTON in the presence of:

	
)

	
 

	
 

	
)

	
 

	
/s/ Cal Purcell

	
)

	
/s/ Thaddeaus Monckton

	
Signature of Witness

	
)

	
THADDEAUS MONCKTON

	
 

	
)

	
 

	
Name: Cal Purcell

	
)

	
 

	
 

	
)

	
 

	
Address: 4200 1405 Broadwa

	
)

	
 

	
 

	
)

	
 

	
 

	
)

	
 

	
 

	
)

	
 

	
Occupation: VP.

	
)

	
 

	
 

	
 

	
 

 

 

 

SSDC- Pan Pacific Offer and Agreement to Purchase FINAL

 

 

 

 

	
SCHEDULE A

 

ASSETS INCLUDING IP RIGHTS AND REGULATORY APPROVALS

 

 

•              Full right, title and interest in the name of "Pan Pacific International College Inc" and all variations thereof

 

•              All Courses material and copyright therein

 

•              The Pan Pacific Student Contracts

 

•              The Approvals for all educational courses offered by the Vendor to Pan Pacific Students

 

 

 

SSDC- Pan Pacific Offer and Agreement to Purchase FINAL

 

 

 

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SCHEDULE B

 

MONCKTON AGREEMENT

 

 

 

[attach Monckton Agreement]

 

 

 

SSDC- Pan Pacific Offer and Agreement to Purchase FINAL

 

 

 

	
SCHEDULE C

 

PAN PACIFIC INTERNATIONAL COLLEGE INC. FINANCIAL STATEMENTS

 

 

 

[Pan Pacific Interim Financial Statements are to be included when delivered by the Vendor to the Purchaser in accordance with this Agreement]

 

 

 

SSDC- Pan Pacific Offer and Agreement to Purchase FINAL

 

 

	
SCHEDULE D

 

PAN PACIFIC INTERNATIONAL COLLEGE INC. STUDENT CONTRACTS

 

 

 

 

 

SSDC- Pan Pacific Offer and Agreement to Purchase FINALExhibit 4.6

Exhibit 4.6

 

THIS MEMORANDUM OF UNDERSTANDING is made on this 

29th day of January, 2009,

between

SPROTT-SHAW DEGREE COLLEGE CORP. 

(a division of CIBT Education Group)

     DBA Sprott-Shaw Community College. 

Registered as a accredited private training institution

In the Province of British Columbia, Canada 

(hereafter referred as "SSDC")

AND:

MINISTRY OF LABOUR AND SOCIAL SECURITY
(a ministry of the Government of Jamaica)
(hereafter referred to as "the Ministry")

AND:

MARMICMON-INTEGRATED MARKETING AND COMMUNICATIONS

(hereafter referred as Marmicmon)

For the purpose of registering students at SSDC for the Introduction to the Tourism and Hospitality certificate program, effective March 1st 2009 to February 28, 2011.

WHEREAS SSDC and THE MINISTRY have entered into an agreement of cooperation where certain qualified students from Jamaica as selected by THE MINISTRY be provided with training in the tourism sector, and

WHEREAS SSDC and THE MINISTRY recognize the mutual benefits of entering into such an agreement; and

WHEREAS THE MINISTRY, a department of the Government of Jamaica, headquartered at 1F North Street, Kingston, Jamaica, contributes to the national development of that country through the provision of efficient and effective labour and social security services within the context of a globalised economy; and

WHEREAS SSDC is a private Canadian post-secondary college, located in the Province of British Columbia, training and evaluating students interested in participating in a program of study that consists of innovative and responsive public Canadian curriculum in the tourism sector, and

WHEREAS Marmicmon is a private marketing company specializing in the recruitment and job placement of candidates from various Caribbean government work and study programs.

NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the Parties agree as follows:

			
	Sprott-Shaw - THE MINISTRY Agreement 	- 1 -	June 18, 2008 

ARTICLE 1 

DEFINITIONS

	1.1	
In this Agreement, the following words have the following meanings:

	 	

		(a)	
"Academic year" means the period commencing the first day of September each year and ending on the thirty-first day of August immediately thereafter.

		 	
		(b)	
"Agreement" means this license agreement and any Schedules attached hereto, as amended;

		 	
		(c)	
"Effective Date" means the date upon which SSDC enrols the first cohort of students from Jamaica; or based on the renewal of the agreement

		 	
		(d)	
"Dollars" or "$CAD" means Canadian currency;

		 	
		(e)	
"Curriculum" means that curriculum more fully described in Schedule "A" attached to this Agreement;

		 	
		(f)	
"Courses" mean those courses in respect of that curriculum more fully described in Schedule "A" attached to this Agreement;

		 	
		(g)	
"Materials" mean those materials in respect to the curriculum more fully described in Schedule "A" attached to this Agreement including, without limitation, materials on any websites created for said courses. Such material shall include a copy of program charts, course outlines, recommended texts and other instructional resources normally available to SSDC faculty delivering the same course;

		 	
		(h)	
"Registered Students" mean those students enrolled at a SSDC facility and registered to take one or more of the courses more fully described in Schedule "A"; and

		 	
		(i)	
"Term" means the term of this Agreement as set forth in Section 2.2 below.

ARTICLE 2 

PURPOSE

	2.1	
SSDC hereby covenants to THE MINISTRY to provide a pilot project to registered students from Jamaica, using a curriculum designed to train students for employment in the tourism sector.

	 	
	2.2	
This Agreement and the license granted hereby shall be in effect from the Effective Date and thereafter for a period of 2 years, subject to renewal of this Agreement as more particularly set forth in Section 2.3 and subject to early termination pursuant to Article 8.

	 	
	2.3	
As soon as possible following the date of execution hereof, SSSC will seek the appropriate approvals to offer this program in BC.

	 	

			
	Sprott-Shaw - THE MINISTRY Agreement 	- 2 -	June 18, 2008 

ARTICLE 3 

INSTRUCTION AND ADMINISTRATION

	3.1	
SSDC shall have the sole responsibility for delivering instruction as it relates to the Curriculum, Courses and Materials to its students and for the administration of the program. SSDC shall ensure all such instructors are duly qualified to carry out such instruction.

	 	
	3.2	
All those instructors providing instruction in the SSDC programs shall be selected, hired and approved by SSDC.

	 	
	3.3	
THE MINISTRY shall provide full cooperation and assistance to SSDC in order to ensure twenty four qualified candidates are available and ready to begin the program on each start date.

	 	
	3.4	
SSDC shall administer all examinations and evaluations in accordance with the policies and procedures outlined by SSDC.

	 	
	3.5	
THE MINISTRY shall provide to SSDC a list of all Registered Students. Said list shall include the respective names, study visas and other identifying information for each registered student.

	 	
	3.6	
SSDC will prepare official transcripts and certification for each Registered Student upon completion of the program.

	 	
	3.7	
Marmicmon will ensure all registered students have suitable work studies available for the practical portion of each program intake.

	 	
	3.8	
Marmicmon will place the graduated students into suitable employment in the tourism sector and will ensure all students remaining in Canada will have the required immigration documents available for inspection.

ARTICLE 4 

PORTABILITY

	4.1	
Registered students shall be deemed students of SSDC, and shall receive full credit from SSDC for all licensed courses completed.

	 	
	4.2	
Students successfully completing any of the approved courses will receive SSDC certification and/or certification for courses from the American Hotel & Lodging Association (AHLA) if applicable.

	 	
	4.3	
Upon completion of their Introduction to Tourism program at SSDC, registered students shall be eligible to transfer to Diploma Programs at SSDC to continue their advanced education, subject to seat availability with every reasonable effort made to accommodate all eligible applicants. Upon application, registered students, at SSDC's discretion, may receive credit for any non-licensed courses completed in the pilot program.

	 	

			
	Sprott-Shaw - THE MINISTRY Agreement 	- 3 -	June 18, 2008 

	4.4      	
SSDC shall provide assistance to graduates of the "Introduction to Tourism" program, if and when graduates pursue transfer to Sprott-Shaw Degree College for Baccalaureate studies.

ARTICLE 5

RIGHTS AND OBLIGATIONS

	5.1	
At all times during the Term hereof, SSDC shall retain the ownership of, copyright in, and all intellectual property rights in and to the Curriculum, Courses and Materials, in whatever form and media, and all parts thereof. Unless SSDC otherwise agree or advise in writing, any and all of the Curriculum, Courses and Materials and all copies thereof used or distributed by THE MINISTRY pursuant hereto shall bear the name and logo of SSDC.

	 	
	5.2	
It is understood and agreed by the Parties that any recruitment of registered students to which the Curriculum, Courses and Materials relate shall be the sole responsibility of THE MINISTRY at its cost. To the fullest extent possible, SSDC shall assist THE MINISTRY in the recruitment of students by providing THE MINISTRY with such information and consultation as it reasonably requires for the effective recruitment of students. SSDC is obligated to provide appealing, accurate, and up-to-date promotional material.

	  	
 

	5.3	
It is further understood and agreed by the Parties that any and all facilities used for the delivery of the Curriculum, Courses and Materials shall be the sole responsibility of SSDC at it's cost.

	 	
	5.4	
THE MINISTRY shall encourage each Registered Student to purchase any and all supplementary Materials reasonably required by each Registered Student to complete the relevant Curriculum and/or Courses.

	 	
	5.5	
THE MINISTRY shall be solely responsible for the short listing, administering of assessments and rostering of the prospective students. They will also assist the students with the preparation of their documents for submission to the Embassy.

	 	
	5.6	
SSDC shall be solely responsible and shall take all such actions as may be necessary or required for SSDC to operate in accordance with the laws of Canada and the terms of this Agreement.

ARTICLE 6 

CONSIDERATION

	6.1      	
Upon this agreement having been signed by all parties, THE MINISTRY will then submit the names of students interested in the program to SSDC for the purpose of issue of letters of registration.

	 	
	6.2      	
SSDC shall invoice the registered students and will receive payment for the program delivery prior to each registered students acceptance letter being issued.

	 	

			
	Sprott-Shaw - THE MINISTRY Agreement 	- 4 -	June 18, 2008 

	6.3      	
All payments shall be made by Bank Draft or Direct Deposit in Canadian Dollars to the credit of a bank account designated by SSDC.

	 	
	6.4      	
SSDC will charge a per student fee of $3500 CAD for the delivery of the 32 week program. This cost includes the delivery of the curriculum (12 weeks, see schedule A), administration of the certification, placement of the students in work co-ops (16 weeks, by Marmicon), the self-directed learning (4 weeks following the Co-op), and all required textbooks.

	 	
	6.5      	
Location of the training will take place at the Kelowna Campus for the first intake and at a To Be Determined location in the Greater Vancouver Regional District or Fraser Valley for subsequent intakes.

ARTICLE 7

INDEMNITY AND DISCLAIMER OF WARRANTIES

	7.1	
THE MINISTRY hereby indemnifies and saves harmless SSDC, its governors, directors, officers, employees, agents and servants (collectively, the "SSDC Indemnities") from and against any and all claims, actions, liabilities, losses, damages, demands, costs and expenses of every nature and kind (collectively, "Claims") that SSDC or Indemnities may incur at any time arising from registered students not being able to begin the program in Canada. This includes, but is not limited to, Immigration issues, medical issues, or any other issues that prevent the registered students from participating in the program.

	 	
	7.2      	
Notwithstanding Sections 7.1 and 7.2, in no event shall any Party be liable for any indirect, consequential or incidental Claims incurred by any indemnified Party in respect of this Agreement.

	 	
	7.3      	
Notwithstanding any provision of this Agreement, SSDC hereby warrants and represents to THE MINISTRY that it has the right and authority to offer the Curriculum, Courses and Materials to Registered Students pursuant hereto.

	 	
	7.4      	
The indemnities set forth in Sections 7.1 and 7.2 shall survive the termination hereof.

ARTICLE 8 

EARLY TERMINATION

	8.1      	
In the event a Party shall default in fulfilling its obligations herein, then the non-defaulting Party shall give written notice to the defaulting Party specifying the particulars of such default and, in the event that the defaulting Party shall not remedy such default within 30 days after receipt of such notice, the non- defaulting Party may, at its option, terminate this Agreement and pursue its rights and remedies at law and in equity.

	 	
	8.2      	
Notwithstanding any provision hereof, either Party may terminate this Agreement upon 30 days prior notice in writing to the other Party.

	 	

			
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	8.3      	
No termination of this Agreement shall affect the right of either Party to enforce any obligation or liability of the other Party incurred under this Agreement prior to the effective date of termination.

ARTICLE 9 

DISPUTE RESOLUTION

	9.1      	
Any dispute between the Parties either with respect to the interpretation of any provision of this Agreement or with respect to any other matter arising out of this Agreement, shall be resolved in accordance with the following:

	 	

		9.1.1      	
The Parties shall first attempt to resolve any dispute amongst them.

		 	
		9.1.2      	
In the event the Parties are unable to resolve the dispute within 10 business days, the dispute shall be referred to the Signatories or their respective successors for review and resolution. The Signatories shall communicate with each other within 5 business days of the referral. The Signatories shall thereafter negotiate in good faith in an effort to resolve the dispute.

		 	
		9.1.3      	
In the event the Signatories are unable to resolve the dispute within 15 business days of the matter being referred to them, the dispute shall be referred to and resolved by final arbitration.

ARTICLE 10 

CONFIDENTIALITY

	10.1      	
The Parties shall not disclose to anyone, save as reasonably required for the purposes of this Agreement, nor use any confidential information attributable to a Party to this Agreement or their respective affiliates except as authorized by the affected Party in writing.

	 	
	10.2      	
Regardless of the term of this Agreement, the Parties shall be bound by the foregoing obligation until such time as the confidential information has become part of the public domain.

ARTICLE 11 

FORCE MAJEURE

	11.1      	
The Parties to this Agreement shall not be responsible for any delay or failure to perform their respective obligations under this Agreement, where such delay or failure is due to any cause beyond its control, including, without in any way limiting the generality of the foregoing, fire, flood, explosion, war, embargo, governmental action, extreme political instability, Act of Public Authority, or Act of God, but excepting labour disruption.

	 	
	11.2      	
In the event Force Majeure occurs, the Party who is delayed or fails to perform shall give prompt notice to the other Party and shall take all reasonable steps to eliminate the cause.

	 	
	11.3      	
In the event of Force Majeure, the Parties shall mutually decide on the appropriate action to be taken.

	 	

			
	Sprott-Shaw - THE MINISTRY Agreement 	- 6 -	June 18, 2008 

ARTICLE 12 

GENERAL

	12.1      	
All notices, communications and statements required or permitted under this Agreement shall be in writing and sent by registered mail (in which event, receipt shall be deemed to occur within 10 business days of mailing), courier services, or transmitted by facsimile or other electronic means, which produces a physical copy. Either Party may change its address by written notice to the other Party. The address of each Party is as follows:

a) to THE MINISTRY:

THE MINISTRY OF LABOUR AND SOCIAL SECURITY 

Government of Jamaica 

1F North Street, Kingston, Jamaica 

Attention: Donna Adams

b) to SSDC

SPROTT-SHAW DEGREE COLLEGE CORP. 

#200 1405 Broadway Street, Port Coquitlam, 

BC V3C 6L6 

Attention: Cal Purcell 

Executive Vice President of Business Development

c) to MARMICMON

MARMICMON-INTEGRATED MARKETING AND COMMUNICATIONS.

Attention: Michael Patterson 

President

None of the terms, covenants and conditions of this Agreement may be waived by either Party except by the written agreement of the Parties hereto.

	12.2      	
This Agreement may only be amended by a written document duly executed by the Parties.

	 	
	12.3      	
This Agreement is the sole and entire agreement between the Parties pertaining to the subject matter hereof and supersedes all prior oral and written negotiations, documents, agreements and representations.

	 	
	12.4      	
This Agreement will be construed, interpreted and applied in accordance with the laws of the Province of British Columbia and the federal laws of Canada applicable thereto.

	 	

			
	Sprott-Shaw - THE MINISTRY Agreement 	- 7 -	June 18, 2008 

	12.5      	
The governing language of this Agreement shall be the English language. All notices, correspondence, information, literature, data, manuals, procedures and other documents required under this Agreement shall be in the English language.

	 	
	12.6      	
Various issues which arise during the course of this agreement and which are not outlined within will be discussed and agreed upon.

IN WITNESS WHEREOF the Parties have executed this Agreement as of the date first above written.

THE MINISTRY

Name:

Title:

Signature: ___________________________________

SPROTT-SHAW DEGREE COLLEGE CORP.

		
	Name: 	Cal Purcell 
		 
	Title: 	Executive Vice President of Business Development 

Signature: /s/ Cal Purcell

MARMICMON

		
	Name: 	Michael Patterson 
	 	
	Title: 	President 

Signature: /s/ Michael Patterson

			
	Sprott-Shaw - THE MINISTRY Agreement 	- 8 -	June 18, 2008 

SCHEDULE "A"

PROGRAMS DESIGNED FOR DELIVERY.

The following Hospitality programs have been chosen by THE MINISTRY:

		
	CP100JAM	Intro to Computers 
	HS241	Food and Beverage Management (AHLA)
	HS338	Housekeeping Management (AHLA) 
	HS500	Industry Skills Enhancement (Foodsafe, Superhost, Serving it right) 
	ICM100JAM 	Interpersonal Communications 
	KE100JAM	Keyboarding 
	KE101JAM	Advanced Keyboarding 
	PR100JAM	Strategies for Success 
	PR202JAM	Customer Service 
	PR207JAM	Worksite Co-op 
	PR300JAM	Strategies for Employment 

SSDC reserves the right to modify, change, or otherwise rewrite course outlines for this program, books required and specific outcomes.

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