Document:

Exhibit

Exhibit 10.2

Car Rental Referral Agreement

THE PARTIES TO THIS AGREEMENT ARE:

The Agent:     Many Domingo

                       D&B AUTO repair

                       213 Franklin street, Paterson NJ 07524

The Company:   AAA Best Auto Rental Inc

                           351 E 16th street, Paterson NJ 07524

                           Tel 973-851-6863

Whereas the Agent may from time to time refer potential customers to the Company for a referral fee.

The Parties agree to the following:

1.    The referral fee shall be calculated as  ten per cent (10%) of the net value of car rental  sold by the Company as a direct result of a referral. Net value shall exclude value added tax, postage and packaging, insurance, refunds and payments not honored by a financial institution. Subsequent sales of goods or services to the referred customer shall not be subject to a referral fee except where such subsequent purchase is the direct result of a repeat referral.

2.    Upon reconciliation of referral fees due, the Agent shall issue an invoice to the Company and payment shall be effected within thirty (30) days of submission of said invoice.

3.    Placement of advertisements and referral methods for the Company are at the sole discretion of the Agent. However, in order to solicit sales, the Agents shall not make promises or issue any warranty either expressed or implied pertaining to the goods or services offered by the Company unless authorized in writing by the Company to do so.

4.    The Agent may make use of the Company's trademarks for the sole purpose of promoting the Company's goods or services. Any such use shall be in accordance with the Company's trademark policies. It is expressly understood that this referral agreement does not grant the Agent any interest in the Company's trademarks or any other intellectual property rights.

5.    The relationship between the parties shall at all times be that of independent contractors. No employment, partnership or joint venture relationship is formed by this referral agreement and at no time may the Agent position itself as affiliated to the Company, except as an independent referrer. In view of this independent relationship the Agent shall not enter into any agreements on behalf of the Company, shall make no warranty either expressed or implied on behalf of the Company and shall not incur any expenses on behalf of the Company.

6. This referral agreement does not grant exclusive rights to the Agent to act as referrer on behalf of the Company and the Agent shall have no rights under any other agreements entered into by the Company with other Agents.

7.    The Agent agrees not to disclose any confidential information pertaining to the Company's goods or services nor that of prospective or existing customers to any third party. The Agent may do follow-up enquiries with its referred customers to confirm their purchase and to gather feedback about their experience with the Company's goods or services as supplied.

8.    Either party may terminate this referral agreement at any time by giving the other party ten (10) days prior written notice. Upon termination by either party all outstanding referral fees due to the Agent at that time shall be settled in full within thirty (30) days.

9.    Each party shall indemnify, defend and hold the other party (and any other relation to the other party) harmless against any and all claims of whatsoever nature arising from misrepresentation, default, misconduct, failure to perform or any other act related to this agreement.

10.    This agreement constitutes the whole agreement between the parties and any alteration must be in writing and signed by both parties.

Signed on September  23 , 2010.

 /S/Many Domingo

Many Domingo /D&B Auto repair

Agent

/S/ Suresh Gupta

Suresh Gupta / AAA Best Car Rental Inc

Company

Both signatories duly warrant their authority to sign this agreement.corpgty.htm

EXHIBIT 10.1

 

IN THE NAME OF ALLAH

 

THE MERCIFUL, THE BENEFICENT

 

 

Saudi Industrial Development Fund                                                                                                                                                                           GUARANTEE

P.O. Box 4143 , Riyadh – 11149

The Kingdom of Saudi Arabia       

                                                                                                                                                                      Date of Guarantee

(16/11/1431 H.)

(24/10/2010 Gr.)

                                                                                  

Loan Agreement No. 2234

 

	
Guarantor (Guarantors):

Name: Arabian American Development Co.

Signature:_/s/ Ghazi Sultan__

 

As per Identity Card No:

Percentage of Liability of Guarantor: 41%

 

	
Date of SIDF’s Loan Agreement: 2234

     22/09/1431 H.

     01/09/2010 Gr.

  Amount of the Loan:

SR 330,000,000  (Only Three Hundred & Thirty Million Saudi Riyals)

	
Borrower:

AL-MASANE AL-KOBRA MINING COMPANY

 

Address: P.O. Box (55696) Jeddah 21544

 

Legal Entity: Closed Joint stock company Organized and existing under the Laws and Regulations of the Kingdom of Saudi Arabia and Registered in the Commercial Registration of city Jeddah under No: (4030175345) Date: 7/1/1429H.

 

 

 

	
 

WITNESS

Signature:_/s/Abdulrahman Baamir__

Name: _Abdulrahman Baamir_______

Address: Jeddah

 

	
 

WITNESS

Signature:_/s/ Mohammed Salel Al-hammed_

Name: _Mohammed Salel Al-hammed_

Address: _Riyadh

 

The Guarantor hereby irrevocably and unconditionally guarantees to the Fund the payment by the Borrower, in accordance with the provisions of the Loan Agreement between the Borrower and the Fund referred to above, of any and all moneys as and when the same shall becoming payable under the Loan Agreement and any other related or Supplement Agreement (whether by acceleration or otherwise) in respect of a principal and any other amount payable hereunder in accordance with the Loan Agreement and any other related Agreement, amendment or addition thereto, accordingly, the following provisions shall apply:-

 

1) If and whenever the Borrower shall make default in the payment in accordance with the terms and conditions of the Loan Agreement of any principal moneys due or payable in respect of the Loan Agreement or in the payment of any other amounts under the Loan Agreement the Guarantor shall forthwith in virtue of demand made in writing by the Fund pay to the Fund an amount equal to all amounts due or becoming due under the Loan Agreement or any other relevant agreements.

 

  

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2) The guarantee herein contained shall be a primary obligation and principal debt of the Guarantor and shall continue in full force and effect notwithstanding any change in the status of the Borrower, and all amounts for which the Guarantor would otherwise by liable by virtue of this guarantee but which may not be recoverable from him as guarantor whether by reason of any legal limitation, disability or incapacity of the Borrower or any other fact or circumstance and whether known to the Fund or not shall nevertheless be recoverable from the Guarantor.

 

3) The Guarantor shall not be exonerated or discharged from liability under this guarantee by time being given to the Borrower by the Fund or by any other indulgence or concession to the Borrower granted by the Fund or by anything done by the Fund in exercise of its any powers, authorities or discretion vested by the Loan Agreement or by anything the Fund in exercise of its any powers, authorities or discretion vested by the Loan Agreement or by anything the Fund may omit or neglect to do or by any other dealing or thing which in the absence of this provision might operate to exonerate or discharge the Guarantor from any of its covenants herein contained.

 

4) The guarantee herein contained is to be abstract, absolute, and continuing guarantee and accordingly shall remain in operation until all moneys owing in respect of the Loan Agreement and hereunder have been repaid or satisfied, and is in addition to and not in substitution for any other rights which the Fund may have under or by virtue of the same and may be enforced without firstly having recourse to any such rights and without taking any steps or proceedings against the Borrower.

 

5) All payments to be made by the Guarantor hereunder shall be made in immediately available funds and in lawful money of Saudi Arabia without any deduction or withholding whatsoever.

 

6) Except as otherwise stated on Page (1) the liability of each Guarantor hereunder if more than one is joint and several. If stated otherwise on Page (1) the liability is several in the proportions stated thereon with respect to each amount due or becoming due.

 

7) Except as otherwise specified herein, all notices, requests and requirements shall be deemed to have been sufficiently given to either party hereto when deposited in the mails, full postage prepaid, addressed to such party at his or its address set forth above or at such other address as it or he may have notified to the other party for the purpose and in accordance with this paragraph.

 

8) A statement in writing signed by the Fund certifying the total amount due at any time from the Borrower or from the Guarantor shall be conclusive evidence of the matter so stated.

 

9) The Guarantor agrees to pay all costs and expenses in connection with the preparation, execution, delivery and enforcement of this Guarantee.

 

10) This Guarantee will be subject to the Saudi Public Funds Collection Regulation.

 

11) This Guarantee shall exist for the benefit of and be enforceable by the Fund and its successors or assignees as well as The Guarantor’s Liability will remain enforceable by virtue of this Guarantee and still binding on his estate and before his successors. (Private or Public).

 

12) In the event of conflict between the Arabic and English versions of this Guarantee the Arabic Version shall in all cases prevail but the English version shall be used to assist in any interpretation.(End)...

 

  

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