Document:

exv10w25

 

Exhibit 10.25

ADVISORY SERVICES AGREEMENT

     This Advisory Services Agreement (this “Agreement”) is made and entered into as of this
26th day of February, 2004, by and between Save The World Air, Inc., a Nevada
corporation (the “Company”) and Sir Jack Brabham (“Advisor”), with reference to the following
facts.

RECITALS

	 	A.  	The Company has certain rights to a proprietary technology (the “Technology”)
for a product known as the Zero Emissions Fuel Saving device (“ZEFS Device”) that is
intended to be used on motor vehicles to reduce pollution and improve fuel efficiency.
The Company desires to further develop the Technology and market and sell the ZEFS
Device.
	 
	 	B.  	Advisor is well known to the public and associated with Grand Prix automobile
racing and products. The Company desires to engage Advisor, and Advisor desires to
serve the Company, in an advisory capacity on and subject to the terms of this
Agreement.

     THEREFORE, the Company and Advisor hereby agree as follows:

     Section 1.      Scope of Services Provided.

     1.1      Advisor shall provide advice, counsel and support to the Company’s Board of Directors and
management on an as-needed basis, by telephone or in person, in matters relating to the Company’s
business, including product development, marketing and promotion, and other matters concerning the
ZEFS Device as the Company may reasonably request from time to time during the term of this
Agreement. Advisor also agrees to serve on the “Board of Advisors” which shall report to the
Company’s Board of Directors.

     1.2      Advisor agrees to appear at not less than two events per year during the term of this Agreement
subject to Advisor’s prior commitments, schedule and availability, and at such other times as may
be mutually agreed, to assist and support the Company in promoting the ZEFS Device.

     Section 2.      Compensation; Expenses.

     2.1      As soon as practicable following the parties execution of this Agreement, the Company
shall issue to Advisor 50,000 shares of the Company’s common stock, par value $.001 per share (the
“Stock”). The Stock shall be deemed to have a value of $.001 per share. Advisor shall execute and
deliver to the Company a subscription agreement substantially in the form attached hereto in
Annex A, the provisions of which are incorporated herein by this reference.

     2.2      The Company shall reimburse Advisor for all reasonable and necessary out-of-pocket
expenses incurred by Advisor in performing the services requested by the Company hereunder,
including without limitation travel, meals, accommodations and phone charges, subject to Advisor’s
presentation to the Company of receipts for such charges, in accordance with the Company’s
practices and policies as adopted or approved from time to time.

     Section 3.      Non-Disclosure Obligations.

     Advisor acknowledges that the Technology is proprietary and agrees to execute a standard
confidentiality agreement substantially in the form attached hereto in Annex B, the
provisions of which are incorporated herein by this reference.

 

 

     Section 4.      Use of Advisor’s Name and Likeness.

     4.1      The Company will not use Advisor’s name or likeness in any advertising or
marketing/promotional material without Advisor’s prior written approval or consent, which shall not
be unreasonably withheld. Except as may be expressly agreed to by the parties hereto in writing,
the Company shall acquire no ownership or rights in or to Advisor’s name or likeness that by its
use or incorporation in any company advertising or promotional materials other than the right to
use, duplicate and distribute such name or likeness as and to the extent to which Advisor may have
previously consented.

     4.2      The Company may identify Advisor as member of the Company’s Board of Advisors and may make
such disclosures as may be necessary or advisable to comply with federal securities laws, including
without limitation disclosures in filings with the U.S. Securities and Exchange Commission or press
releases as to: (1) the terms of this Agreement; (2) the appointment of Advisor to the Company’s
Board of Advisors; and (3) Advisor’s Stock ownership.

     Section 5.      Miscellaneous Provisions.

     5.1      Term. The initial term of this Agreement is one year from the effective date of this
Agreement. This Agreement shall renew automatically from year to year unless terminated by either
party by giving the other not less than thirty (30) days’ prior written notice of its election to
terminate this Agreement.

     5.2      Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original, and all such counterparts when taken together shall be
deemed to be but one and the same instrument.

     5.3      Governing Law. This Agreement shall be governed by, and construed and enforced in
accordance with, the laws of the State of California.

     IN WITNESS WHEREOF, the parties hereto have executed or caused their respective duly
authorized officer to execute this Agreement as of the date first set forth above.

	 	 	 	 
	ADVISOR

	 	SAVE THE WORLD AIR, INC.
	 
	 	 
	By: /s/ JACK BRABHAM

	 	By: /s/ EUGENE E. EICHLER
	 	 	 	 	 
	       Sir Jack Brabham

	 	Name:  Eugene E. Eichler
	

	 	Title:   Chief
Operating Officer

 

 

Annex A

SUBSCRIPTION AGREEMENT

SAVE THE WORLD AIR, INC.

The undersigned hereby proposes to acquire Common Stock of Save the World Air, Inc., a Nevada
corporation (the “Company”).

The undersigned understands that the shares of Common Stock are being offered and sold without
registration under the Securities Act of 1933, as amended (the “Act”), in reliance upon the private
placement exemption contained in Sections 4(2) and 4(6) of the Act, and Regulation D promulgated
thereunder, and that such reliance is based on the undersigned’s representations set forth below.

To induce the Company to accept this subscription and issue and deliver the Common Stock, the
undersigned agrees, warrants, and represents as follows:

1. This offer is irrevocable until both parties execution and delivery of that
certain Advisory Services Agreement to which this subscription is a part and is
subject to acceptance or rejection by the Company in its sole discretion.

2. The undersigned is acquiring the Common Stock for investment for his or her own
account, and not with a view toward distribution thereof, and with no present
intention of dividing his or her interest with others or reselling or otherwise
disposing of all or any portion of the Common Stock. The undersigned has not
offered or sold a participation in this purchase of Common Stock, and will not
offer or sell the Common Stock or interest therein or otherwise, in violation of
the Act. The Undersigned further acknowledges that he or she does not have in mind
any sale of the Common Stock currently or after the passage of a fixed or
determinable period of time or upon the occurrence or non-occurrence of any
predetermined events or consequence; and that he or she has no present or
contemplated agreement, undertaking, arrangement, obligation, indebtedness or
commitment providing for or which is likely to compel a disposition of the Common
Stock and is not aware of any circumstances presently in existence that are likely
in the future to prompt a disposition of the Common Stock.

3. The undersigned acknowledges that the shares of Common Stock have been offered
to him or her in direct communication between himself or herself and the Company or
through registered broker-dealers and not through any advertisement of any kind.

4. The undersigned acknowledges that he or she has read or has had access to all of
the Company’s filings with the Securities and Exchange Commission under the
Securities Exchange Act of 1934, as amended, that the Company has not timely filed
its annual report of Form 10-KSB nor does it have current audited financial
statements, that the offer and sale of Common Stock to the undersigned were based
on the representations and warranties of the undersigned in this Subscription
Agreement, and acknowledges that he or she has been encouraged to seek his or her
own legal and financial counsel to assist him or her in evaluating this investment.
The undersigned acknowledges that the Company has given him or her and all of his
or her counselors access to all information relating to the Company’s business that
they or any one of them has requested. The undersigned acknowledges that he or she
has sufficient knowledge, financial and business experience concerning the affairs
and conditions of the Company so that he or she can make a reasoned decision as to
this investment in the Company and is capable of evaluating the merits and risks of
this investment. Based on the foregoing, the undersigned hereby agrees to indemnify
the Company thereof and to hold each of such persons and entities, and the
officers, directors and employees thereof harmless against all liability, costs or
expenses (including reasonable attorneys’ fees) arising by reason of or in
connection with any misrepresentation or any breach of such warranties of the
undersigned, or arising as a result of the sale or distribution of the Common Stock
by the undersigned in violation of the Act, the Securities Exchange Act of 1934, as
amended, or any other applicable law, either federal or state. This subscription
and the representations and warranties contained herein shall be binding upon the
heirs, legal representatives, successors and assigns of the undersigned.

 

 

5. The undersigned acknowledges that he or she is able to bear, and understands,
the economic risks of the proposed investment and all other risks of the company’s
business.

     The undersigned represents that he or she is:

(a) An Accredited Investor, as that term is defined by Regulations of the Securities
and
Exchange Commission, which means any investor meeting at least one of the
following
conditions:

	 	(i)  	Any natural person whose individual net worth (or joint net worth with
that person’s spouse. If applicable) at the time of purchase exceeds
$1000,000: or
	 
	 	(ii)  	Any natural person who had an individual income in excess of
$200,000 or joint income with that person’s spouse in excess of
$300,000 in each of the two most recent years and who reasonably
expects an income in excess of or joint income with that
person’s spouse in excess of $300,000 in the current year: or
	 
	 	(iii)  	Any other Accredited Investor as that term is defined in Regulation D
as adopted by the Securities and Exchange Commission.

6.

(a) The undersigned is aware of the restrictions of transferability of the
Common Stock and further understands and acknowledges that any certificates
evidencing the Common Stock will bear the following legends, to which such
interests will be subject:

THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR QUALIFIED FOR SALE UNDER ANY STATE SECURITIES LAWS
(COLLECTIVELY, “SECURITIES LAWS”) AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED
UNLESS REGISTERED OR QUALIFIED FOR SALE UNDER ALL APPLICABLE SECURITIES LAWS OR UNLESS, IN
THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER, IN FORM AND SUBSTANCE SATISFACTORY TO THE
ISSUER, ANY SUCH OFFER, SALE OR OTHER TRANSFER IS EXEMPT FROM THE REGISTRATION OR
QUALIFICATION REQUIREMENTS OF SUCH SECURITIES LAWS.

(b) The undersigned understands that following the purchase of the Common
Stock, the Common Stock may only be disposed of pursuant to either (i) an
effective registration statement under the Act, or (ii) an exemption from the
registration requirements of the Securities Act of 1933.

(c) The Company has neither filed such a registration statement with the SEC or
any state authorities nor agreed to do so, nor contemplates doing so in the
future for this offering of Common Stock, and in the absence of such a
registration statement or exemption, the undersigned may have to hold the Common
Stock indefinitely and may be unable to liquidate them in case of an emergency.

(d) The undersigned acknowledges that the Company is not obligated and does not
propose to furnish the undersigned with information necessary to enable it to be
able to make sales under Rule 144 of the Securities Act of 1933.

	 	7.  	The undersigned represents that he or she is a resident of
England_ and makes the following representation:
	 
	 	   	I, THE UNDERSIGNED, REPRESENT THAT I HAVE A PRE-EXISTING PERSONAL OR BUSINESS RELATIONSHIP
WITH THE COMPANY, ANY OFFICER, DIRECTOR OR CONTROLLING PERSON THEREOF OR HAVE, THROUGH
MYSELF OR THROUGH MY UNAFFILIATED PROFESSIONAL

 

 

	 	   	ADVISER, THE BUSINESS OR FINANCIAL EXPERIENCE TO PROTECT MY INTERESTS IN CONNECTION WITH MY
SUBSCRIPTION HERETO.
	 
	 	   	FURTHER, I AM PURCHASING THE COMMON STOCK OFFERED HEREBY FOR INVESTMENT AND NOT WITH A VIEW
TOWARD DISTRIBUTION THEREOF.
	 
	 	8.  	This Subscription Agreement has been delivered in, and shall be
construed in accordance with the laws of the State of California. Subject
to the provisions of the paragraph immediately following, any action in
connection with this Subscription Agreement shall be brought in the
appropriate state or federal court in and for the County of Los Angeles,
State of California, which shall have exclusive jurisdiction over such
action.

	 	 	 	 	 
	 	 	Executed as of this 26th day of February 2004
	 
	 	 	 	 
	

	 	By:
	 	     /s/ Jack Brabham
	

	 	 	 	 
	

	 	 	 	          Signature of Subscriber
	 
	 	 	 	 
	

	 	 	 	     Sir Jack Brabham
	

	 	 	 	 
	

	 	 	 	               Print Name

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

* * * * * * * * * * * * * *

The above and foregoing Subscription accepted this 26th day of February, 2004.

	 	 	 	 	 
	 	 	Save the World Air, Inc.

a Nevada corporation
	 
	 	 	 	 
	

	 	By:
	 	Eugene E. Eichler
	 	 	 
	 
	 	 	 	 
	

	 	Its:
	 	Chief Financial Officer
	

	 	 	 	 

 

 

Annex B

February 21,2003

STRICTLY PRIVATE AND CONFIDENTIAL

BY FACSIMILE

Save the World Air, Inc.

29229 Canwood Street, Suite 206

Agoura Hills, California 91301

Attention: Eugene E. Eichler, Chief Financial Officer

Gentlemen:

In connection with the advisory services that you have asked me to
provide to Save the World Air, Inc. (the “Company”) as a member of
its Advisory Board, I may be provided and/or have access to
technical and other information concerning the Company and its
proprietary technology (the “Technology”) for a product known as the
Zero Pollution-Fuel Saving Device (“ZERO Device”) that can be used
on motor vehicles to reduce pollution and improve fuel efficiency.
As a condition to my being furnished such information, I agree to
treat any information concerning the Technology (including without
limitation all specifications, designs, processes, concepts, ideas,
strategic plans, product development plans, research and
development, information about the Company’s operations, finances,
reports, interpretations, forecasts and records, and any analyses,
compilations, studies or other documents, whether prepared by the
Company or others, that contain or reflect such information
(collectively, the “Confidential Information”) in accordance with
the provisions of this letter. The term “Confidential Information”
does not include information which (a) was or becomes generally
available to the public other than as a result of a disclosure by me
or my agents or advisors, (b) was or becomes available to me on a
non-confidential basis from a source other than the Company or its
advisors provided that such source is not bound by a confidentiality
agreement with the Company, (c) was within my possession prior to
its being furnished to me by or on behalf of the Company, provided
that the source of such information was not bound by a
confidentiality agreement with the Company in respect thereof.

By this letter, I agree that the Confidential Information will be
used solely for the purposes in furtherance of my advisory services
to the Company and will not be used by me in any way detrimental to
the Company. I also agree that the Confidential Information will be
kept confidential by me, my agents and employees; provided, however,
that (i) any such information may be disclosed to my agents and
employees who need to know such information for the purpose of
providing the advisory services (it being understood that such
persons shall be informed by me of the confidential nature of such
information and shall be directed by me to treat such information
confidentially and shall assume the same obligations as I under this
letter) and (ii) any disclosure of such information may be made to
which the Company consents in writing. I shall be responsible for
any breach of this letter by my agents or employees.

In the event I am required by legal process to disclose any of the
Confidential Information, I shall provide you with prompt notice of
such requirement so that you may seek a protective order or other
appropriate remedy or waive compliance with the provisions of this
letter. In the event that a protective order or other remedy is
obtained, I shall use all reasonable efforts to assure that all
Confidential Information disclosed will be covered by such order or
other remedy. Whether such protective order or other remedy is
obtained or the Company waives compliance with the provisions of
this letter, I will disclose only that portion of the Confidential
Information that I am legally required to disclose. This letter
shall be governed by laws of California, U.S.A, in all respects.

* * *

	 	 	 	 
	

	 	Very truly yours,	 
	 
	 	 	
	

	 	     /s/ Jack Brabhamexv10w27

 

Exhibit 10.27

EXCLUSIVE CAPITAL RAISING AGREEMENT

     This Exclusive Capital Raising Agreement (the “Agreement”) is entered into as of the date set
forth on the signature page hereof by and between Save the World Air, Inc (“STWA”), and London
Aussie Marketing, Limited. (“Introducer”), a UK based financial consulting company, with respect to
the following:

     Introducer has indicated its desire to act as an Introducer for STWA with respect to locating
private equity entities or individuals (collectively, “Designated Prospects”), that are interested
in providing capital to STWA. STWA is agreeable to having an Introducer act in such capacity.

     STWA and Introducer hereby agree as follows:

	 	1.  	Amount of Capital to be Raised:  STWA has indicated its intention to
raise up to USD $10 million in a private placement. STWA grants exclusive rights to
Introducer to raise USD $5 million with private equity firms.
	 
	 	2.  	Start and End Date of Capital Raising:  It is STWA’s intention to
conclude the private placement by November 2004. STWA is not bound by this date.
	 
	 	3.  	Terms of Capital Raising: These are as set forth in the Private
Placement Memorandum dated July 26, 2004.

IMPACT

Given the benefits to STWA for accessing professional private equity firms, STWA will advise its
other sources that the total amount to be raised by other sources is less than USD $5 million.
This is because private equity firms have no interest in amount less than USD $5 million.

For example, if the private placement total is USD $7 million, then the Introducer is allocated USD
$5 million and USD $2 million is allocated to other sources.

The Introducer can raise more than USD $5 million, and can market to others the total private
placement. For example, the Introducer can market to Designated Prospects that the full amount of
the private placement is available for funding. However, any amounts greater than USD 5 million
raised by the Introducer must have prior approval of both Bruce McKinnon and Eugene Eichler.

The Introducer understands that if private individuals subscribe to the whole amount, then STWA has
the right to decide whether to go with the private investor or whether private equity funding would
be more or less beneficial.

	 	1.  	STWA hereby appoints Introducer, and Introducer agrees to use its best
efforts to (a) locate, and solicit Designated Prospects, (b) prepare reports to STWA
on the status of discussion with Designated Prospects and (c) devote as much time,
attention and skill as may be necessary to conduct such activities properly.
Introducer shall ask Eugene E. Eichler and Bruce McKinnon if they would like to attend
the introduction meetings prior to any formal presentations. Introducer shall have no
right to use the STWA logo in any manner or for any purpose without the prior written
consent of STWA. Introducer will also comply with any other requirements reasonably
requested by STWA. Introducer will only introduce Designated Prospects to whom
Introducer reasonably believes are “accredited investors” as defined by Rule 501 under
the Securities Act of 1933, as amended.

 

 

	 	2.  	Designation of Designated Prospects. A private equity, business
entity or individual shall be deemed a Designated Prospect hereunder, if introduced by
Mark Thornton, director of the Introducer.
	 
	 	3.  	Definition of Designated Person. A Designated Prospect is a person
who (i) is not an existing shareholder of STWA, a party to a contract with STWA or a
business entity or individual who can be demonstrated by written materials (such as
sales reports) to have already been known to STWA as a potential source of financing,
(ii) has not been brought or introduced to STWA by any other person in connection with
a capital raising transaction, and (iii) is an “accredited investor” as defined in
Rule 501 under the Securities Act of 1933, as amended. A person shall cease to be a
Designated Prospect for all purposes hereof upon the date twelve months following its
or his introduction to STWA by Introducer.
	 
	 	4.  	Effect of Direct or Indirect Introductions. A Designated Prospect
includes any person who invests in STWA through a direct or indirect introduction made
by Introducer.
	 
	 	5.  	Independent Contractor. Introducer is and at all times shall be an
independent contractor in all matters relating to this agreement. Introducer and its
employees are not agents of STWA for any purposes and have no power or authority,
whether apparent, actual, ostensible or otherwise, to bind or commit STWA in any way.
Introducer and its employees are not and shall not be employees of STWA for any
purpose and shall not be entitled to any benefits STWA provides to its employees.
	 
	 	6.  	Introducer’s Fee. In consideration for the services performed by
Introducer hereunder, STWA shall pay to Introducer an Introducer’s fee (“Introducer’s
Fee”) with respect to each capital raising transaction consummated with a Designated
Prospect. The Introducer’s Fee is a cash compensation calculated as eight percent (8%)
of the total proceeds received by STWA from Designated Prospect. Introducer’s Fee is
only upon STWA’s receipt of proceeds of a financing involving the Designated Prospect,
the receipt of which STWA has the right to accept or reject, in whole or in part, in
its sole and absolute discretion. STWA shall not be obligated to pay any fee to
Introducer with respect to a Designated Prospect for which a financing is not
completed.
	 
	 	7.  	Expenses. STWA shall not be responsible for any of the expenses
Introducer incurs in connection with Introducer’s performance of its services
hereunder.
	 
	 	8.  	No Obligation. Introducer acknowledges that the decision to pursue
discussions with a Designated Prospect with respect to a possible capital raising
transaction is solely STWA’s and that STWA shall have no obligation to pursue any
Designated Prospect that Introducer brings to STWA. Introducer agrees and understands
that the decision to accept or reject an investment from any potential investor is for
STWA to make, in its sole and absolute discretion, including reasons related to
shareholder limitations and confidentiality.
	 
	 	9.  	Compliance with Laws. Introducer shall not enter into any agreement,
contract or arrangement with any government or government representative or with any
other person, firm, corporation, entity or enterprise imposing any legal obligation or
liability of any kind on STWA. Without limiting the generality of the foregoing,
Introducer specifically shall not sign STWA’s name to any contract or other instrument
and shall not contract any debt or enter into any agreement, either express or
implied, binding to the payment of money or the

 

 

	 	   	performance of any obligation. Moreover, Introducer shall not make any
representations or warranties on behalf of STWA to any Designated
Prospects, it being understood that such representations and warranties
will be made by STWA only in the definitive financing documents.
Introducer represents and warrants that it will conduct all of its
activities hereunder in accordance with all applicable laws, including
laws relating to qualification and licensure of broker-dealers in the
several states of the United States.
	 
	 	10.  	Term. This letter agreement is effective as of the date hereof and
shall continue in effect for six months unless earlier terminated in writing by both
parties. Notwithstanding the previous sentence, the period during which Introducer
shall have the right to act exclusively on behalf of the Company in connection with a
capital raising transaction shall commence as of the date hereof and terminated on
November 15, 2004, unless extended by mutual agreement of the parties.
	 
	 	11.  	Termination.

(a) Upon the termination of this Agreement for any reason, Introducer’s
entitlement to compensation from STWA shall immediately cease. Introducer
shall be entitled to receive compensation, to the extent that Designated
Prospect referrals made on or before the termination date consummate a
capital raising transaction, and STWA receives all capital to be received
under the terms of the definitive agreements within 12 months of the date
of such termination.

	 	12.  	General Provisions.

(a) Governing Law; Severability. This Agreement shall be governed
by and under the laws of the State of New York without giving effect to
conflicts of law principles. If any provision hereof is found invalid or
unenforceable, that part shall be amended to achieve as nearly as possible
the same effect as the original provision and the remainder of this
Agreement shall remain in full force and effect.

(b) Construction. The headings set forth in this Agreement are for
convenience only and shall not be used in interpreting the text of the
section in which they appear. The parties acknowledge that each party and
its counsel has reviewed and revised this Agreement and that the rule of
construction to the effect that any ambiguities are to be resolved against
the drafting party shall not be employed in the interpretation of this
Agreement or any amendments or schedules hereto, or any documents executed
in connection herewith. When necessary herein, all terms used in the
singular shall apply to the plural, and all terms used in the masculine or
feminine gender shall apply to the neuter.

(c) Disputes. Any dispute arising under or in any way related to
this Agreement shall be submitted to binding arbitration by the American
Arbitration Association (the “Association”) in accordance with the
Association’s commercial rules then in effect. The arbitration shall be
conducted only in New York, New York. The arbitration shall be binding on
the parties and the arbitration award may be confirmed by any court of
competent jurisdiction. In no event shall the demand for arbitration be
made after the date when institution of legal or equitable proceedings
based on such claim, dispute or other matter in question would be barred
by the applicable statute of limitations. In the event of any dispute
between the parties hereto, arising out of or relating to this Agreement
or the breach hereof, or the interpretation hereof, the prevailing party
shall be entitled to recover from the losing party reasonable expenses,
attorneys’ fees, and costs incurred in connection therewith or in the
enforcement or

 

 

collection of any judgment or award rendered therein. The “prevailing
party” means the party determined by the arbitration proceeding to have
most nearly prevailed, even if such party did not prevail in all matters,
not necessarily the one in whose favor a judgment or award is rendered.
Further, in the event of any default by a party under this Agreement, such
defaulting party shall pay all the expenses and attorneys’ fees incurred
by the other party in connection with such default, whether or not any
arbitration is commenced.

(d) Confidential Information. Introducer acknowledges that, in the
course of performing its duties under this Agreement, it may obtain
information relating to STWA that is not available to the public
(“Confidential Information”). As a condition to entering into this
Agreement, Introducer shall have executed the customary form of
Confidentiality or Non- Disclosure Agreement used by STWA and Introducer
further agrees to execute any amended or revised agreement that may
subsequently be adopted by STWA. In amplification of Introducer’s duties
under such agreements Introducer agrees to hold at all times, both during
the term of this Agreement and at all times thereafter, such Confidential
Information in the strictest confidence, and shall not use such
Confidential Information for any purpose, other than as may be reasonably
necessary for the performance of its duties as an Introducer pursuant to
this Agreement, without STWA’s prior written consent. Introducer shall not
disclose any Confidential Information to any person or entity (other than
employees, consultants and advisors of Introducer who are obligated to
protect the Confidential Information from disclosure or misuse and as to
whom Introducer shall be responsible to STWA for any such unauthorized
disclosure or use), without STWA’s prior written consent. Notwithstanding
the above, the terms of this Agreement shall not alter, in any way, the
obligations of Introducer and STWA pursuant to any Confidentiality
Agreement or Non-Disclosure Agreement previously entered into between
Introducer and STWA. The terms of any such Confidentiality Agreement or
Non-Disclosure Agreement shall survive the termination of this Agreement.

(e) Entire Agreement. This Agreement constitutes the entire
Agreement and final understanding of the parties with respect to the
subject matter hereof and supersedes all prior and/or contemporaneous
understandings and/or discussions between the parties, whether written or
verbal, express or implied, relating in any way to the subject matter
hereof including, but not limited any other arrangements between the
parties for contingency fees. This Agreement may not be altered, amended,
modified or otherwise changed in any way except by a written agreement,
signed by both parties.

(f) Notices. Any notice or other communication pursuant hereto shall
be given to a party at the address below its signature hereto by (i) personal
delivery, (ii) commercial overnight delivery service with written
verification of receipt, or (iii) registered or certified mail. If so
mailed or delivered, a notice shall be deemed given on the earlier of the
date of actual receipt or three days after the date of transmission by
authorized means.

	 	(g)  	Nonassignability. Neither this Agreement, nor any
rights, duties or interest herein, shall be assigned, transferred,
pledged, hypothecated or otherwise conveyed by either party without
the prior written consent of the other party. Any such attempted
conveyance in violation of this paragraph shall be void and shall
constitute a default entitling the other party to terminate this
Agreement.

 

 

	 	(h)  	Due Authority. The signing officers of STWA and
Introducer represent and warrant to each other that they are
empowered to enter into, and to be legally bound by, this Agreement.

IN WITNESS WHEREOF, STWA and Introducer have executed this Agreement as of

July 29, 2004.

LONDON AUSSIE MARKETING LIMITED (“INTRODUCER”)

	 	 	 
	/s/ Mark Thornton

	 	 
	 	 	 
	By: Mark Thornton
	 	 
	Title: Director
	 	 
	 
	 	 
	SAVE THE WORLD AIR, INC. (“STWA”)
	 
	 	 
	/s/ Eugene E. Eichler
	 	 
	 	 	 
	By:
   Eugene E. Eichler
	 	 
	Title: President, Treasurer,

          Chief Financial Officer

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