Document:

f10k2013ex10vii_pacificgreen.htm

Exhibit 10.7

 

DATED 5 March, 2013

 

	 	
(1) EnviroResolutions Inc.

 

(2) Peterborough Renewable Energy Limited

 

(3) Green Energy Parks Limited

	 

 

	
 

SUPPLEMENTAL AGREEMENT

	
-RELATING TO-

	
THE CONTINGENT SALE AGREEMENT BETWEEN

	
ENVIRORESOLUTIONS INC. AND PETERBOROUGH RENEWABLE

	
ENERGY LIMITED

 

 

  

  

  

 

 

THIS SUPPLEMENTAL AGREEMENT is made the 5th day of March 2013 

 

BETWEEN:

 

	
(1)  

	
EnviroResolutions Inc. a company incorporated in British Columbia, Canada under company number BC0630906 whose registered office is at #101-4338, Main Street, Vancouver BC V5V 3P9, Canada ("Enviro");

 

	
(2)  

	
Peterborough Renewable Energy Limited incorporated in the United Kingdom under company number 4537833 whose registered office is at Midas Building Unit A, Roundhouse Close, Peterborough, Cambridgeshire PEI 5TA, United Kingdom ("PREL");

 

	
(3) 

	
Green Energy Parks Limited, a company incorporated in England under number 06865576 whose registered office is at Midas Building Unit A, Roundhouse Close, Peterborough, PE1 5TA, United Kingdom ("GEP").

 

WHEREAS:

 

	
A. 

	
Enviro, GEP and PREL are parties to an agreement dated 5 October 2011 (the "Original Agreement") whereby Enviro contracted to supply PREL with a wet scrubbing emission control system for PREL's proposed waste to energy power plant in Peterborough that is to be constructed and financed by KNM (and ultimately owned by EPIL (as defined herein)) and located at Storey's Bar Road, Peterborough ("the Peterborough Facility").

 

	
B. 

	
PREL owns a 20% interest in the share capital of Energy Park Investments Limited, a company registered in England under company number 07211183 with registered address as at the date of this Agreement situated at Ruthlyn House, 90 Lincoln Road, Peterborough, Cambridgeshire PEI. 2SP ("EPIL").

 

	
C. 

	
The parties hereto desire to enter into this Deed to vary the Original Agreement as hereinafter set out.

 

IT IS HEREBY AGREED as follows:

 

1.        Interpretation

 

Unless the context otherwise requires and save as herein varied words and phrases in this Supplemental Agreement shall have the same meaning as set out or referred to in the Original Agreement as the case may require and the interpretation provisions in the Original Agreement shall apply equally to this Agreement as if set out herein. For the purpose of this Agreement KNM shall have the following meaning: KNM Group Berhad and its subsidiaries, associates and affiliates.

 

2.        Variation

 

Upon notification by Enviro or PREL, the parties have agreed to cancel the Original Agreement subject to:

 

  

  

  

 

	
2.1

	
within 7 days of cancellation of the Original Agreement, PREL assigning 75of its shares in EPIL to Enviro (or such other entity as Enviro may specify), such number representing 7.5% of EPIL as at the date of this Supplemental Agreement. If the directors of EPIL fail to approve the transfer of 75 shares in EPIL to Enviro (or such other entity as Enviro may specify), then Enviro (or such other entity as Enviro may specify) shall instead be entitled to 40% of GEP's shareholding in PREL;

 

	
2.2

	
in addition to clause 2.1 above, GEP making a payment to Enviro (or suchother entity as Enviro may specify) of 17.5% of any income GEP (or any of GEP's affiliates, associates or subsidiaries) receives from KNM in respect of the Peterborough Facility as and when such income has been paid by KNM to GEP;

 

	
2.3 

	
at such time as Enviro (or its successors in title to the terms of thisSupplemental Agreement) has received US$14million in cash under clauses 2.1 and 2.2 above, Enviro (or its successors in title to the terms of this Supplemental Agreement) agrees that for the sum of US$1 it shall irrevocably sell back to GEP half the shares in EPIL or PREL (as the case may be under clause 2.1) that were transferred to Enviro (or its successors in title to the terms of this Supplemental Agreement) under the terms of this Supplemental Agreement;

 

	
2.4

	
GEP (or a GEP subsidiary nominated by GEP) becoming Enviro's agent onthe basis that it should receive 17.5% of any income generated by Enviro as a result of Enviro's involvement in the Peterborough Facility or any other project that may be introduced to Enviro by GEP.

 

3.        Confirmation

 

The Original Agreement shall remain in full force and effect as varied by this Deed and the terms of the Original Agreement shall have effect as though the provisions contained in this Deed had been originally contained in the Original Agreement. 

 

IN WITNESS WHEREOF this Agreement has been duly executed as a deed the day and year first above written

 

	
EXECUTED AS A DEED

by the above-named 

Green Energy Parks Limited

	 
	 	 
	 
Witness 

Signature LISA WILLIAMS

Name LISA WILLIAMS

Address 335A THORPE RD 

Occupation SECRETARY

PET. PE36LV

EXECUTED AS A DEED

by the above-named

Peterborough Renewable Energy Limited

	 

 

Witness 

Signature LISA WILLIAMS

Name LISA WILLIAMS

Address 335A THORPE RD 

Occupation SECRETARY

PETERBOROUGH PE36LV

EXECUTED AS A DEED

by the above-named

EnviroResolutions Inc.

 

Witness

Signature

Name

Address

OccupationSETTLEMENT AND CONSULTANT

AGREEMENT

 

This Settlement and Consultant Agreement is
entered into this 18th day of June, 2013 (the "Agreement") by and between Harmonic Energy Inc., a Nevada corporation
(the "Company") and Kouei International Inc., a company incorporated in Antigua ("Kouei International").

 

RECITALS

 

WHEREAS the Company entered into that
certain license purchase agreement dated March 14, 2012 (the "License Agreement") with Kouei International pursuant to
which the Company acquired from Kouei International the exclusive rights to that certain license agreement that Kouei International
has with Kouei Industries Co. Ltd. of Japan (the "License");

 

WHEREAS in accordance with the terms and
provisions of the License Agreement, the Company was required to pay Kouei International: (i) $175,000 within ninety days of execution
of the License Purchase Agreement; (ii) a second payment of $175,000 within ninety days from the first payment (the "Second
Payment"); and (iii) a third and final payment of $175,000 within ninety days from the Second Payment date (the "Third
Payment");

 

WHEREAS in further accordance with the
terms and provisions of the License Agreement, Kouei International shall provide for a two year period assistance with transactions
involving the License and with successful implementation of technology transfer, including engineering expertise and participation
in industry technology presentations (the "Consulting Services");

 

WHEREAS on May 30, 2012, the Company entered
into that certain extension to payment term of License Purchase Agreement of Tyrolysis technology dated March 14, 2012 (the "Amendment
to License Agreement"), pursuant to which the Company and Kouei International agreed that the Company shall have until June
30, 2013 to make the Second Payment and further shall have until September 30, 2013 to make the Third Payment;

 

WHEREAS the Company has failed to make
the Second Payment and Kouei International has agreed to waive the Second and Third Payment;

 

WHEREAS Kouei International has further
agreed to provide the Consulting Services and further consulting services to the Company in consideration for the issuance to its
officers, directors and/or employees of an aggregate 7,000,000 shares of the Company's common stock at a per share price of $0.05
in consideration, and that such shares will be subject to an S-8 registration statement (the "S-8 Registration Statement).

    	 

    	 

    

 

AGREEMENT

 

NOW THEREFORE, in consideration of the
recited ongoing relationship of the parties and the promises, covenants and assurances provided by and between the parties all
of which is mutually acknowledged as good and sufficient consideration, by and between the parties hereto, the Company and Kouei
International hereby promise, covenant and agree as follows:

 

1. Consultant Services. (a)
During the term of this Agreement, Kouei International shall provide consulting services and its engineering expertise to the
Company, including participation in industry technology presentations, and keep the Company advised of the nature and services
performed relating to the License and shall further provide all personnel, equipment, labor and other requirements reasonably necessary
to carry out its consultant services herein.

 

(b) Kouei International shall
provide full access to the Company of its properties, books, records, information, technical drawings, contacts and anything related
to the License and the License Agreement and Tyrolysis Technology and equipment supplied by Kouei Industries Co. Ltd.

 

(c) Kouei International shall
provide the Company and its representative’s full access to any personnel and all properties, documents, contracts, book,
records and operations of Kouei International relating to the purchase of the License. Kouei shall furnish the Company with copies
of documents and all other information related to the License as the Company may request.

 

(d) Kouei International shall
use its reasonable best efforts to preserve intact the business organization and employees and other business relationships. 

 

2. Settlement and Waiver of Second
Payment and Third Payment. Kouei International agrees to release the Company and forever discharge any and all claims, manner
of actions, whether at law or in equity suits, judgments, debts, liens, liabilities, demands, damages, losses, sums of money, expenses
or disputes, known or unknown, fixed or contingent, which it now has or may have hereafter, directly or indirectly, individually
or in any capacity against the Company, its successors and assigns, as well as its present or former owners, directors, officers,
stockholders, employees, agents, heirs, by reason of any act, omission, matter, cause, or thing whatsoever, from the beginning
of time to, and including the date of the execution of this Agreement, relating to the Second Payment and the Third Payment.

 

3. Consideration for Consulting
Services. The Company shall issue to the employees and/or agents of Kouei International 7,000,000 shares of its common stock
at a per share price of $0.05 (which per share price was determined and agreed upon by the parties on June 18, 2013). The Company
further agrees that it shall file an S-8 registration statement with the Securities and Exchange Commission registering the 7,000,000
shares of common stock.

 

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4. Representation by Kouei International.
Kouei International acknowledges that: (i) S-8 shares cannot be issued in connection with promotion of the Company’s shares;
(ii) S-8 shares cannot be used if it or the Company controls or directs the resale of the shares; (iii) S-8 shares cannot be part
of a capital raising-scheme or if the Company receives a share of the proceeds of resales; (iv) S-8 shares cannot be issued to
persons who arrange reverse mergers; and (v) S-8 shares must be issued to natural persons for bona fide services to the Company.

 

5. Term of the Agreement. Unless
otherwise agreed to in writing by the parties, this Agreement will commence on June 18, 2013 and continue on for a two-year period
at which date it shall terminate (herein called the “Termination Date”). The Agreement may be renewed on an annual
basis thereafter upon the mutual consent of the parties.

 

6. Confidentiality, Non-Disclosure,
Non-Competition and Non-Circumvention. Kouei International hereby covenants, promises and agrees that it will be provided with
confidential, proprietary and valuable information by the Company about its clients, properties, prospects and financial circumstances
from time to time during the term of this Agreement, in order to permit Kouei International to properly, effectively and efficiently
carry out its tasks, duties and activities hereunder. However, by providing such disclosure of Confidential Information to Kouei
International, the Company relies on Kouei International to hold such information as confidential and only disclose the same to
those parties, whether directors, officers, employees, agents, representatives or clients and contacts of Kouei International “who
need to know”, in order that Kouei International can carry out the objects of this Agreement as provided for herein and as
communicated as between the Company and Kouei International during the term of this Agreement.

 

7. This Agreement shall be effective
as of June 18, 2013 and shall be binding upon and insure to the benefit of the parties hereto and their respective successors.

 

 

Harmonic Energy Inc.

 

Date: June 18, 2013 By: /s/ Jamie
Mann

 

  

Kouei International
Inc.

 

Date: June 18, 2013 By: /s/ Authorized
Signatory

 

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