Document:

Exhibit 4.2.5

FIFTH AMENDMENT TO THE REVOLVING CREDIT AGREEMENT

THIS FIFTH AMENDMENT to the REVOLVING CREDIT
AGREEMENT, dated as of this 28th day of August, 2006 (the “Fifth Amendment”),
is entered into in connection with and as an amendment to that certain
Revolving Credit Agreement, dated as of March 10th,
2003 (the “Credit Agreement”), as amended by that First Amendment, dated as of
August 31st, 2003, as further amended by that Second
Amendment, dated as of February 27th, 2004, as
further amended by that Third Amendment, dated as of August 30th, 2004, as further amended by that Fourth Amendment, dated as of August
24th, 2005, and as further amended, restated or
modified from time to time, by and between First National Bank of Omaha (the “Bank”)
and Ballantyne of Omaha, Inc. (the “Borrower”). 
All capitalized terms used but not otherwise defined herein shall have
their respective meanings as prescribed in the Credit Agreement.

WHEREAS, the maturity date for the Base Revolving
Credit Facility pursuant to the Credit Agreement is currently August 28th, 2006; and

WHEREAS, the Borrower and the Bank desire to extend
the maturity date of the Base Revolving Credit Facility to August 27th, 2007 and to make such other amendments as discussed below.

NOW, THEREFORE, the parties hereby agree that as of
the date hereof:

1.             The following definition in Article I of the
Credit Agreement is hereby amended to read as follows:

Termination Date: August 27,
2007, or such later date as is approved in writing by FNBO.

2.             Section 2.1 of the Credit Agreement is hereby
amended by replacing the phrase “Until August 28, 2006” with “Until August 27,
2007”.

3.             This Fifth Amendment shall not affect any and
all amounts and obligations that may be outstanding from the Borrower to the
Bank under the Credit Agreement, and all such obligations remain secured by the
Collateral.

4.             This Fifth Amendment may be executed in
several counterparts, and such counterparts together shall constitute one and
the same instrument.

5.             Except as expressly agreed herein, all terms
o the Credit Agreement shall remain in full force and effect.

[Signature page follows]

 

IN WITNESS WHEREOF, the Borrower and the Bank have
caused this Fifth Amendment to be executed as of the day and year first above
written.

	
  

  	
  BANK:

  
	
   

  	
   

  
	
   

  	
  FIRST NATIONAL BANK OF OMAHA

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Marc T.
  Wisdom

  
	
   

  	
   

  	
  Marc T. Wisdom, Second Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BORROWER:

  
	
   

  	
   

  
	
   

  	
  BALLANTYNE OF
  OMAHA, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John P.
  Wilmers

  	
   

  
	
   

  	
   

  
	
   

  	
  Its:

  	
  President /
  C.E.O

  
					

 

 

NOTICE: A credit agreement must be in writing to be enforceable under
Nebraska law.  To protect you and us from
any misunderstandings or disappointments, any contract, promise, undertaking,
or offer to forebear repayment of money or to make any other financial
accommodation in connection with this loan of money or grant or extension of
credit, or any amendment of, cancellation of, waiver of, or substitution for
any or all of the terms or provisions of any instrument or document executed in
connection with this loan of money or grant or extension of credit, must be in
writing to be effective.

	
  INITIALED: 

  	
  JPW

  	
   

  
	
   

  	
  BorrowerExhibit
4.2.6

CONSENT
AND WAIVER AGREEMENT

This
Consent and Waiver Agreement (the “Waiver”) is given as of this 29th day of September, 2006, by
the undersigned First National Bank of Omaha, as lender (the “Lender”), under
that certain Revolving Credit Agreement, dated as of March 14, 2003, as the
same has been amended, restated and supplemented from time to time, by and
among the Lender and Ballantyne of Omaha, Inc., as borrower (the “Borrower”)
(the “Credit Agreement”).  All
capitalized terms used but not otherwise defined herein shall have their
respective meanings as prescribed in the Credit Agreement.

WHEREAS,
under Section 6.1 of the Credit Agreement an Event of Default will occur if the
Borrower experiences a Change of Control as defined under the Credit Agreement;
and

WHEREAS,
the Borrower has announced that Mr. Brad French, the current Chief Financial
Officer of the Borrower, intends to retire from his position as Chief Financial
Officer effective as of November 15, 2006; and

WHEREAS,
such retirement by Mr. French will be deemed a Change of Control under the
terms of the Credit Agreement and accordingly will cause an Event of Default
thereunder; and

WHEREAS,
the Borrower has requested that the Lender waive such Event of Default and
consent to the resignation of Mr. French and the appointment of Mr. Kevin
Herrmann as the Borrower’s new Chief Financial Officer (the “Appointment”); and

WHEREAS,
the Lender has agreed to waive such Event of Default and to consent to the
Appointment upon the terms and conditions provided herein; and

WHEREAS,
the Lender and the Borrower have agreed to certain amendments to the Credit
Agreement and the other Operative Documents in connection with the Appointment
upon the terms and conditions provided herein.

NOW,
THEREFORE, the parties hereto agree as follows:

1.                                       The
Lender hereby waives the Event of Default in connection with the Appointment
and hereby consents to the Appointment.

2.                                       The
definition of “Change of Control” in Article I of the Credit Agreement is
hereby amended by replacing “Brad J. French” with “Kevin Herrmann.”

3.                                       Section
7.3 of the Credit Agreement is hereby amended by replacing “Mr. Brad J. French”
with “Chief Financial Officer.”

4.                                       Section
9 of the Guaranty Agreement is hereby amended by replacing “Brad J. French”
with “Chief Financial Officer.”

 

5.                                       Section
8.1 of the Stock Pledge Agreement is hereby amended by replacing “Brad J.
French” with “Chief Financial Officer.”

6.                                       Section
8(h) of the Security Agreement is hereby amended by replacing “Brad J. French”
with “Chief Financial Officer.”

7.                                       Except
as expressly provided herein, this Waiver shall not act as a waiver of or
consent to any other default, breach, transaction, action or inaction by the
Borrower.

8.                                       This Waiver shall not affect any and all amounts and
obligations that may be outstanding from the Borrower to the Lender under the
Credit Agreement, and all such obligations remain secured by the Collateral.

9.                                       Except as
expressly agreed herein, all terms of the Credit Agreement shall remain in full
force and effect.

10.                                 This
Waiver may be executed in multiple counterparts and such counterparts together
shall constitute one and the same instrument. 
This Waiver may be executed by telefacsimile transmission, and such
telefacsimile signatures shall be binding, of full force and effect and treated
as original signatures.

[Signature page
follows]

 

 

Executed as of the date first above written.

 

	
  LENDER:

  	
   

  	
  FIRST NATIONAL
  BANK OF OMAHA

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Marc T. Wisdom

  
	
   

  	
   

  	
  Name:

  	
   

  	
  Marc T. Wisdom

  
	
   

  	
   

  	
  Title:

  	
   

  	
  Second V.P.

  

 

Accepted and
acknowledged as of this 29th day of September, 2006.

	
  BORROWER:

  	
   

  	
  BALLANTYNE OF
  OMAHA, INC.

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ John P. Wilmers

  
	
   

  	
   

  	
  Name:

  	
   

  	
  John Wilmers

  
	
   

  	
   

  	
  Title:

  	
   

  	
  President/CEOExhibit 10.1

AGREEMENT ON DISTRIBUTION OF

DLP CINEMATM PROJECTORS

THIS AGREEMENT, made and entered into as of October 1, 2006 and
deemed to be effective as of the 1st day of October, 2006 (the “Effective Date”) by and among Strong Westrex Company, Asia,
a corporation organized and existing under the laws of Hong Kong and having its
principal place of business at Room 3707, 37/F., China Recourses Building, 26
Harbour Road Wanchai, Hong Kong, (“STRONG W”), and
NEC Viewtechnology, Ltd. a corporation organized and existing under the laws of
Japan and having its principal place of business at 686-1, Nishioi, Oi-Machi,
Ashigarakami-Gun, Kanagawa 258-0017, Japan (“NECVT”);

WITNESSETH:

WHEREAS, NECVT will
provide STRONG W with NECVT
Products and Parts, and STRONG W will
purchase such NECVT Products and Parts from NECVT directly, in accordance with the terms of this
Agreement.

WHEREAS, STRONG W has
the right to use the DLP CinemaTM
trade mark, pursuant to the terms and conditions hereof and those of the TI
guideline.

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

Article 1.  Definitions

As used herein, the following terms shall
have the meanings set forth below.

1.1           “Products”
means the DLP CinemaTM projector and its options
to be developed and manufactured by NECVT in Japan,
which is listed in the Annex 1
attached hereto, and their successor products.

1.2           “Parts”
means service parts which will be required for the repair of Products.

1.3           “NEC Group”
means NECVT, any holding company of NECVT, any subsidiaries of such holding company and NECVT’s subsidiaries;

1.4           “Trademark”
means the trademark owned by NECVT.

 

1.5           “Territory” means Hong Kong

Other territories inside People’s
Republic of China are not included.

1.6           “TI”
means the Texas Instruments Incorporated, a corporation organized and existing
under the law of the USA and having its principal place of business at 6550
Chase Oaks Blvd., Plano, Texas75023, USA. TI is the
developer of the DLP technologies and the owner of DLP Cinema license, which
was licensed to NECVT.

1.7           “Original
Lamp” means the lamps incorporated in the
Products.

1.8           “Manual”
means the user’s manual for the Products.

1.9           “Service Jig”
means any tools which will be required for repair or maintenance of the
defective Products.

1.10         “Contract
Year” shall mean each twenty four (24)-month period
commencing from the Effective Date.

Article
2.   Terms of Appointment

2.1           Subject to the terms and conditions contained herein, NECVT hereby appoints STRONG W and STRONG W hereby accepts its appointment as a non-exclusive
distributor of Products in the Territory.

2.2           STRONG W shall take reasonable measures to
ensure that all of its customers are fully informed of and properly instructed
in all aspects of the installation, operation and maintenance of Products and of any trade regulations or procedures relating
thereto, and STRONG W shall bear the costs
relating thereto.   NECVT shall provide sales and
service training for STRONG W personnel
free of charge at NECVT’s
premises in Japan as and when NECVT deems reasonably required for this purpose.

2.3           STRONG W shall not seek customers,
establish any branch office or maintain any distribution depot for the Products in any country which is outside the Territory during the term of this
Agreement.

 

Article
3.   Terms of License

3.1           Only for the purpose of fulfilling
the purpose of this Agreement, NECVT hereby grants to STRONG W a
non-exclusive, non-transferable, non-assignable limited license for the term of
this Agreement in the
Territory:-

3.1.1 market,
offer for sale, sell and otherwise dispose of Products
using the DLP CinemaTM technology; and

3.1.2 use the DLP CinemaTM trademark
with Products ; 

provided always
that STRONG W shall strictly and
faithfully comply with, abide by and observe in relation to such use (i) those
restrictions and conditions set forth in the Brand Guidelines,
and the DLP CinemaTM OEM Trademark and Promotional Guidelines published by TI from time to time,
copies of the current version of which are attached hereto as Annex 2, and (ii) such other instructions and/or guidelines
as may be agreed from time to time between TI and/or NECVT and STRONG W.

3.2           STRONG W shall take reasonable measures to
ensure that all of its customers are fully informed of and properly instructed
in all aspects of the installation, operation and maintenance of Products and of any safety regulations or procedures
relating thereto, and STRONG W shall
bear the costs relating therefore.

Article
4.   Sales Promotion

4.1           STRONG W shall promote diligently and aggressively the sale of the Products by:

(1)           cooperating in every way possible
with NECVT to establish and maintain good reputation
of the Products, complying with all
reasonable suggestions made by NECVT for the
sales promotion of the Products;
and

(2)           advertising, at its expense, in
such manner and to such extent as may reasonably be required to keep customers
and prospective customers adequately informed of the quality and price of the Products.

(3)           using NEC trade mark for
promotional documents such as product catalogue, datasheet etc and tradeshows
prior to mutual consultation and agreement.

 

4.2           NECVT shall provide STRONG W with certain materials (written in English or
Japanese) relating to the installation, operation and maintenance of Products, in such form as deemed appropriate by NECVT acting reasonably. 
Such materials will be provided at no charge to STRONG W
so long as the number required is deemed reasonable by NECVT.

4.3           NECVT will, at its sole discretion,
provide STRONG W free of charge with such
materials (written in English or Japanese) as NECVT
deems necessary for STRONG W to
prepare catalogues, pamphlets and other literature for the sales promotion of Products. The materials provided to STRONG W
will be in such form as deemed appropriate by NECVT.

4.4           Subject
to the provisions of Clause 4.6, STRONG W shall take all reasonable measures
to protect NECVT’s rights in the documents, manuals and other
materials provided to STRONG W under this Agreement, including those measures
for securing NECVT’s copyrights thereto.  NECVT acknowledges that, subject to the
terms of the foregoing sentence and confidentiality obligations set forth in
Article 21 STRONG W shall be entitled to duplicate or otherwise
reproduce such documents and materials for distribution to third parties.

Article
5.   Licenses and Regulations

5.1           NECVT shall obtain and maintain in full
force and effect any necessary licenses and consents required in connection
with the manufacture of Products and Parts and shall comply with all laws and regulations
governing its activity as a manufacturer and/or distributor of Products and Parts.

5.2           Save as otherwise provided in
Clause 5.1, STRONG W shall obtain and maintain
in full force and effect any necessary licenses and consents required to carry
on business as a distributor of Products, and
shall comply with all laws and regulations applicable in the Territory in which its promotion, marketing and sales
activities are conducted,
governing its activity as a distributor of Products.

Article
6.   Minimum Quantity

6.1           STRONG W shall use reasonable commercial
efforts to distribute the minimum quantity of Products as
set forth in Article 6.3 below (“Minimum Quantity”)
for each Contract Year during the term of this Agreement.

 

6.2           If in any Contract
Year  STRONG W fails to distribute the Minimum Quantity then, save where such failure arises as a
result of an event of Force Majeure as set out in Article 20,
or as a result of such facts, including, without limitation, the size of the
DLP CinemaTM market in Hong Kong
and/or competitive pricing (recognizing the need for STRONG W to
make an acceptable margin on the sale of Products), that
it would be unreasonable to expect STRONG W to
achieve the Minimum Quantity,  NECVT shall be
entitled to serve 6 months prior notice on STRONG W to
terminate this Agreement (such notice to expire
at the end of a Contract Year), provided no such
notice may be served during the first Contract Year
after the Effective Date.

6.3           The Minimum
Quantity of NECVT Products of the first Contract Year shall be twelve [12]
units for the first 12 months and Quantity for the second 12 months shall be
fixed 4 months before the end of first 12 month. STRONG W
and NECVT shall negotiate in good faith to
agree the Minimum Quantity of Products for each Contract Year,
taking into account the size of the Digital CinemaTM Market in the Territory.

Article
7.   Order Entry

7.1           Any purchase and sale of Products and/or Parts between STRONG W and NECVT under this Agreement
shall be effected by means of a written order placed by STRONG W
and of a written acceptance (or deemed acceptance as referred to below) thereof
by NECVT. 
All orders from STRONG W shall
contain (1) description and quantity of ordered Products
and/or Parts, (2) applicable prices as
determined in accordance with Article 9, (3) requested delivery date(s) and (4)
requested delivery places, and shall be sent to Mr. Kazuya
Morigaki,  NECVT at the
address specified in Article24 below. NECVT’s written
notice of acceptance or rejection shall be sent to STRONG W
within seven (7)-day of receipt of the written order, at the address
specified in Article 24 below.  Any order
placed by STRONG W shall not be binding upon NECVT unless and until accepted in writing by NECVT, provided that NECVT shall be
deemed to have accepted any order which it does not accept or reject within the
aforementioned seven (7)
days. NECVT
shall not unreasonably reject any order.

7.2           Except to the extent that other
terms and conditions are provided in writing, signed by and among STRONG W and NECVT
specifically stating that such other terms and conditions shall apply instead
of or in addition to the terms and 

 

conditions provided for herein,
and notwithstanding anything to the contrary provided in STRONG W’s
order, each purchase and sale of Products and Parts between STRONG W and NECVT shall be subject only to the terms and conditions set
forth in this Agreement.

7.3           STRONG W shall submit within the five (5)- working days monthly to NECVT
its three (3)-
month confirmed order and additional one (6 )-month best updated forecast of Products
and/or Parts. The ordered Products shall be shipped by end of the
fourth month commencing the month of the ordered month. Forecast shall be the Products which may be shipped by the end of
seventh month of submit of forecast. Such forecast shall not be considered as a
commitment by STRONG W to purchase and by NECVT to sell Products and/or
Parts.

Article
8.   Reports

STRONG W
shall once every month submit to NECVT a sales
report describing its sales activities for the Products for
the immediately preceding month.

Article
9. Price

The price of Products and Parts to be purchased by STRONG W
shall be quoted on an FOB Japan basis
and in the United States dollars and shall be
as specified in applicable NECVT’s price
list. Such prices shall only be changed by NECVT on giving
STRONG W three ( 3
) months prior notice in writing.  The such changed prices for the Products and Parts shall not
apply to any orders placed by STRONG W prior
to the effective date of the price change. As used herein, “FOB” shall be
interpreted in accordance with INCOTERMS 2000 Edition.

The price of Products
and/or Parts shall be quoted on a separate
sheet and will be specified on each quotation form given by NECVT to STRONG W.

Article
10.   Payment

10.1         Subject to Article 10.2, STRONG W shall
pay to NECVT the price in the United States
dollars of purchased Products
and/or Parts by irrevocable Letter of Credit
60 days after B/L or Airway Bill date confirmed by the first class bank in
Japan. The relative bank interest as well as the confirming charge incurred in
Japan shall be borne and paid by L/C applicant.

 

10.2         If STRONG W shall
notify NECVT in accordance with Article 12
that any Products have failed to satisfy the
test and inspection procedures, STRONG W shall have
no obligation to make any payment to NECVT, in
respect thereof unless and until any faults have been corrected and such Products shall have fully satisfied the test and inspection
procedures.

Article
11. Delivery and Packing

11.1         Title to and risk of loss of or
damage to Products and Parts
shall pass to STRONG W at the time the Products and Parts are
delivered on an FOB Japan basis.

11.2         Unless otherwise notified by STRONG W, NECVT shall
pack Products and Parts by
its standard export cartons for container shipment.  Any extra cost for packing in accordance with
STRONG W’s specific requests shall be
borne and paid by STRONG W.

Article
12.   Inspection and Acceptance Test

12.1         Products shall be deemed satisfactory and
accepted with respect to quality and quantity when they have passed the tests
and inspections performed by STRONG W in
accordance with the procedures to be mutually agreed by the parties. Such tests
and inspection procedures shall be consistent with industry standards for
testing and acceptance. STRONG W shall
notify NECVT in writing of the result of such
test and inspection within seven (7)-day of receipt
by STRONG W of the Products,
provided that if STRONG W fails to so notify NECVT within such seven (7)-day period,
such Products shall be deemed satisfactory
and accepted by STRONG W.

12.2         The failed units at inspection and
acceptance test shall be called “ Out Of Box Failed Units”
(herein after called as “OOBFU”)

12.2         .1 a) STRONG W
shall repair the OOBFU using the Parts which is kept at STRONG W for
regular service to repair. The defective Parts
must be shipped back to Japan for confirmation of the cause of the failure; or

b) STRONG W shall send the defective Parts of OOBFU to NECVT for repair; or

c) STRONG W shall send OOBFU
themselves to NECVT for repair if STRONG W  

 

finds the defect is at NECVT engine assembly. NECVT shall
repair those defective Parts or OOBFU sent from STRONG W and send
the repaired units back to STRONG W after
the repair or send new Parts for
replacement. (If NECVT can not find any problem
with the defective Parts or OOBFU sent from STRONG W to NECVT for repair, NECVT will
charge certain amount of cost of transaction to STRONG W.

12.2.2      STRONG W shall bear the labor cost for the
repair of the Parts of OOBFU or OOBFU
repaired by STRONG W. NECVT shall
bear the labor cost for Repair of the Parts
of OOB FAILED UNITS or OOBFU repaired by NECVT.

12.2.3      STRONG W shall bear the shipping cost for
the repair of the Parts of OOBFU or OOBFU
shipped by STRONG W to NECVT. NECVT
shall bear the shipping cost for return of the repaired Parts of OOBFU
or OOBFU or replacement Parts shipped by NECVT to STRONG W.

Article
13.   Warranty

13.1         NECVT warrants that Products shall conform to the specifications separately
provided to STRONG W at the time
of delivery of such Products to STRONG W in
all respects and be free from defects in materials for a period of twelve (12) months from the date of FOB Japan of such Products (“Warranty Period”).
If the date of FOB Japan of the Products is not
available by any reason, Warranty Period
shall be fourteen (14) months from the month of
production at NECVT, which will be shown as part
of serial number.

13.2         If Products are
found by STRONG W to be
nonconforming to the Specifications in any respects, and further such
nonconformance is found and recognized by NECVT and still
further provided such nonconformance is promptly notified by STRONG W to NECVT
within the Warranty Period, NECVT shall, at its expense, 
repair such Products (or
replace such Products as soon as commercially
possible).

13.3         The process of the repair of the
nonconforming Products shall be as follows. STRONG W shall request NECVT
to send the Parts to be required
for the repair of the nonconforming Products using
the Repair Requisition form which is attached hereto as Annex 3. STRONG W shall send the
nonconforming Products, Parts or
components of Products at STRONG W’s expense to NECVT for the verification of the cause of the nonconformity
and/or repair of the Products by NECVT. If the nonconformity is recognized and verified by 

 

NECVT caused by NECVT’s
fault NECVT shall send the Parts for repair at STRONG
W or new NECVT  Products at NECVT’s
expense.

13.4         Notwithstanding Article 13.1 above, NECVT shall
have no obligation to provide repair Parts
to STRONG W or assist STRONG W to
repair or replace nonconforming Products, if
such repair or replacement is required due to normal wear and tear, due to, in
whole or in part, any fault or negligence of STRONG
W or its customers, due to STRONG
W’s or its customers’ improper use or installation or modification
of Products without NECVT’s
prior written approval, or due to STRONG W’s
or its customer’s incorporation of Parts
or components not approved in writing by NECVT.

13.5         Notwithstanding Article 13.1 above, the Warranty Period of the Original Lamp shall be twelve  (12) months from the date of FOB Japan of Products, or the periods which shall be specified separately
and attached to the price quotation whenever it becomes necessary.

13.6         EXCEPT AS SPECIFICALLY SET FORTH
IN THIS ARTICLE 13, NECVT
DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO,
WARRANTY OF MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE.  THE REMEDIES SPECIFIED IN THIS ARTICLE 13 ARE THE SOLE AND EXCLUSIVE REMEDY OF STRONG W FOR
BREACH OF WARRANTY, PROVIDED THAT IF NECVT FAILS TO
PERFORM ITS OBLIGATIONS UNDER THIS ARTICLE 13, STRONG W CAN RELY ON ITS RIGHT UNDER ARTICLE 22.1.

13.7         All
warranties that NECVT provides to STRONG W
under this Agreement are solely for STRONG W ‘s benefit.  STRONG W
will not transfer or assign any of these warranties to others, including, but
not limited to, its customers.

Article 14.
Engineering Change Notice

If any modification of the Products or Parts is
required for improvement of its performance and/or reliability, NECVT shall notify STRONG
W the general outline of the such
modification in writing such as Service Bulletin
and/or any other format prior to the such modification. NECVT shall
provide STRONG
W necessary Parts or
software at no charge if such modification to be done by STRONG W in the Territory
due to certain reason.

 

Article 15. Product Liability

Nothing in this
Agreement shall exclude or limit NECVT’s
liability to a third party for death or personal injury caused by their
negligence (or that of their servants or agents) or by a defect in any Products and/or Parts.

Article
16.   Service Support

16.1         STRONG W shall have the responsibility to
undertake the servicing of the Products sold by NECVT.

16.2         To ensure its prompt maintenance,
repair and service of Products, STRONG W shall
purchase and maintain in stock reasonable quantities of Parts
of Products based on the suggestion by NECVT to be provided for the items and its quantity .

16.3         STRONG W shall store Products
and Parts thereof at all times in suitable,
dry and clean premises and comply in all respects with any reasonable
instruction for storage that NECVT may give
from time to time.

16.4         NECVT shall, at its own discretion,
provide STRONG W training and/or
seminar for the maintenance and repair of the Products
in Japan. STRONG W shall attend such training and/or seminar at its own
expense.

16.5         NECVT shall supply the Parts to be required for the maintenance or repair of the Products for the period of five (5)
years after the last delivery of the Products specified
in Annex 1 to STRONG W under this Agreement.

NECVT may notify STRONG W  its intent to discontinue
the supply of the Parts before five (5) years from the last delivery of the Products to STRONG W under this Agreement
and STRONG W shall then place
final order for the Parts during the three (3) months period following such notice from NECVT.

Article
17.   Discontinuance of the Products

STRONG W acknowledges and agrees that NECVT may discontinue supply of the Products and/or
if TI and/or NECVT cease to manufacture or
supply such Products provided that NECVT is obliged to notify STRONG W in writing six (6) months prior to
such discontinuance.

 

Article
18.   Indemnification

18.1         If any patent, copyright, misuse
of confidential information or other intellectual property infringement claim,
suit or proceeding is brought against STRONG
W in connection with sale, lease, use or other disposition of Products and/or Parts by STRONG W
purchased hereunder, NECVT will
defend or settle such claim, suit or proceeding and pay the damages and costs
awarded in a final judgment or settlement, provided that STRONG W shall give NECVT
(i) prompt written notice thereof,  (ii)
control and authority to defend or settle the same, and (iii) reasonable
assistance (at NECVT’s cost) for such defense or
settlement.

NECVT shall not be responsible for any
settlement or compromise made by STRONG W without NECVT’s prior
written consent.

18.2         In case the sale, lease, use or
other disposition of Products or Parts hereunder is enjoined or, in NECVT’s
judgment, is likely to be enjoined, NECVT may, at
its election, (i) modify the Products or Parts so that they become non-infringing, but without
materially affecting functionality and performance (ii) procure necessary
licenses, or (iii) refund the price of purchased Products
or Parts to STRONG W upon return of the purchased Products
or Parts.

18.3         Notwithstanding the foregoing, NECVT shall have no liability with respect to any patent,
copyright or other intellectual property infringement claim, suit or proceeding
arising from (i) NECVT’s compliance with STRONG W’s instructions or specifications,
(ii) STRONG W’s modification of Products or Parts otherwise
than on the instructions of NECVT, (iii)
combination of Products or Parts
with any other hardware or software, or (iv) any other event attributable to STRONG W.

18.4         This Article 18 states the entire
liability of NECVT and the sole and exclusive
remedy of STRONG W with respect to
infringement of any patent, copyright or other intellectual property.

Article
19. Limitation of Liability

IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHERS FOR
INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES OR LOSS OF PROFIT,
GOODWILL, OPPORTUNITIES, BUSINESS, ANTICIPATED SAVINGS, REVENUE OR 

 

REPUTATION WHETHER BASED ON CONTRACT, TORT, OR ANY OTHER LEGAL
THEORY, AND EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Article
20.   Force Major

20.1         If the whole or any part of the
performance by NECVT or STRONG W of any part of such party’s
obligations under this Agreement
is prevented, hindered or delayed or otherwise made impracticable by reason of
strikes, labor troubles, floods, fires, accidents, earthquakes, riots,
explosions, wars, hostilities, acts of government, customs barriers or taxes,
export/import control regulations, interruption or shortage of or delay in
transportation, inability to obtain key raw materials, components or supplies
or other causes of like or different character beyond the reasonable control of
such party, they shall be excused from such performance during the continuance
of such contingency and for so long as such contingency shall continue to
prevent, hinder or delay such performance.

20.2         If the contingency
specified in Article 20.1 above shall continue for more than six (6) months from its occurrence, either party may terminate this Agreement forthwith without any liability by giving a
written notice to the other party or parties.

Article
21.   Confidential Treatment

21.1         During the term of this Agreement and thereafter, each party shall keep
confidential any and all information which has been disclosed by the other
party(s) to such party under this Agreement and
designated as confidential at the time of the disclosure, and such party shall
not disclose the same to any third party unless specifically authorized by the
other party(s) in writing nor shall any party disclose the same to its
employees other than to the extent necessary to enable them to perform properly
their duties relating to the performance of this Agreement.  None of the parties shall use any
confidential information of any other party for any purpose other than the
performance of this Agreement.  Notwithstanding the foregoing, any party may
disclose the confidential information to its subsidiaries, NEC Group
and subcontractors to the extent necessary for the purpose of this Agreement, provided that such party will impose on
them confidentiality obligations equivalent to those contained in this Article
21.1.

21.1         A party may disclose information
which would otherwise be confidential if and 

 

not extent;

21.1.1 required by the law of any
relevant jurisdiction or for the purpose of any judicial proceeding; or

21.1.2 required by any regulatory
or governmental body to which either party is subject or submits; or

21.1.3 the information is
disclosed to that party’s director, officers or employees or members of the
party’s group or to an employee whose function requires that such information
is disclosed to him provided that in each case such disclosure is subject to
the terms set our sub-clause 21.1; or

21.1.4 the information has come
into the public domain otherwise than through a fault of that party; or

21.1.5 the other party has given
prior written consent to the disclosure; or

21.1.6 required to enable that
party to enforce its rights or remedies under this

Agreement, provided that any such information disclosed by STRONG W pursuant to this sub-close 21.1 shall
be disclosed only after consultation with NECVT.

Article
22.   Termination

22.1         Either NECVT
or STRONG W may terminate this Agreement forthwith, without any compensation to the
other (the “Defaulting Party”), by giving
written notice of termination to the Defaulting Party in
the event that such Defaulting Party commits
any material breach of the terms of this Agreement,
including, in the case of STRONG W,
the breach of the obligation in respect of the Minimum
Quantity under Article 7, or any individual contract pertaining to this Agreement and such breach is not corrected within sixty (60) days after notice specifying the nature of the breach.

22.2         NECVT may terminate this
Agreement forthwith, without any compensation to STRONG W, by giving written notice
of termination to STRONG W, in the
event that TI Agreements, which grants NECVT  DLP Cinema
license, are terminated for any reason. Should
NECVT terminate the
Agreement under this Article 22.2, NECVT
shall be obligated to fulfill orders made by STRONG
W within two (2) months after
written notice of termination under this Article 22.2 

 

and accepted by NECVT for a further four (4) months after service of such termination notice, to the
extent permitted under TI Agreements.

22.3         Either NECVT
or STRONG W may terminate this Agreement forthwith, without any compensation to the
other by giving written notice of termination to such other party, in the event
that the other party is adjudicated bankrupt, becomes insolvent, makes a
general assignment for the benefit of creditors, or enters administration,
dissolution or liquidation proceedings or any similar or equivalent process.

22.4         If a Change of Control occurs in
relation to STRONG W after the
date hereof, or as a result of which any competitor of NECVT
obtains Control of STRONG W, NECVT
may, at its sole discretion, terminate this Agreement,
however NECVT will fulfill outstanding
confirmed orders at that date.  For the
purposes of this Article 22.4, a Change of Control shall be deemed to have
occurred in the event of any person, who is not currently a member of STRONG W obtaining Control over 50.01% in
nominal value of the ordinary shares in the capital of STRONG W then in issue and “Control” shall
mean the right by virtue of holding shares in or the possession of voting power
in or in relation to STRONG W or
any other body corporate to exercise or procure the exercise of voting rights
attached to the relevant shares.

22.5         The termination of this Agreement for any reason whatsoever shall be without
prejudice to any rights or obligations which shall have accrued prior to such
termination and shall not destroy or diminish the binding force or effect of
any of the provisions of this Agreement
which are expressly or impliedly to come into force or to remain in force after
such termination.

22.6         Upon termination of this Agreement as a result of STRONG W’s material breach hereunder or pursuant to Article
22.4 above, all the payments to be made by STRONG
W under this Agreement shall
become immediately due and payable.

22.7         Within one (1) month of termination of this
Agreement by whatever
cause each party shall return to the other party (s) confidential information
thereof or destroy the same.

 

Article
23.   Term and Renewal

23.1         This Agreement shall become effective as of the Effective Date
and shall remain In full force and effect to the extent the TI Agreements remain in full force and effect, unless
earlier terminated pursuant to Article 22 above.  For the avoidance of doubt, if NECVT negotiates with TI any
extension of the term of the TI Agreements, such
extension shall apply equally to this Agreement so
long as STRONG W complies with all
the conditions and obligations specified by herein.

23.2         Except in case of breach of the terms of this
Agreement by NECVT, at the
time of expiration of this Agreement,
NECVT shall not, in any event, be
required to pay any compensation of whatsoever nature to STRONG W in connection with this Agreement.

Article
24.   Notices

All notices required or permitted to be made hereunder by any
party hereto shall be delivered by postage pre-paid, registered airmail or by
facsimile addressed to the party for whom intended at the following address
specified in this Agreement or at such other
addresses as the intended recipient previously shall have designated by written
notice:

	
  If to STRONG W:

  	
  Strong Westrex
  Company, Asia,

  
	
   

  	
  Room 3707,
  37/F., China Recourses Building, 26 Harbour Road

  
	
   

  	
  Wanchai, Hong
  Kong,

  
	
   

  	
  Mr. John P.
  Wilmers

  
	
   

  	
   

  
	
  If to NECVT:

  	
  NEC
  Viewtechnology, Ltd.

  
	
   

  	
  686-1, Nishioi,
  Oi-machi, Asigarakami-gun, Kanagawa 258-0017,

  
	
   

  	
  Japan

  
	
   

  	
  Mr. Masayuki
  Maeda

  
	
   

  	
  General
  Manager, 1st Sales and Marketing
  Promotion Div.

  

 

Article
25.    Governing Law and Dispute
Resolution

The validity and construction of this
Agreement shall be governed by the law of 

 

Japan.
The parties hereto shall endeavor to settle all disputes, controversies or
differences which may arise between them out of or in relation to or in
connection with this Agreement amicably by mutual
consultation.  In the event that the
parties fail to reach an amicable settlement within sixty (60) days after the
occurrence of such disputes, controversies or differences, such disputes,
controversies or differences shall be finally settled by binding arbitration
under the Rules of Arbitration of the International Chamber of Commerce.  The arbitration shall be conducted in Tokyo, Japan The award of arbitration shall be final and
binding upon the parties hereto.

Article
26.   Export Control Regulations

Each of NECVT and STRONG W shall
perform their obligations hereunder in strict compliance with export and import
control laws, and all other applicable laws, regulations and administrative
guidance of any country having competent jurisdiction.

Nothing herein shall be construed to require NECVT
to take any action contrary to any export control or other applicable laws and
regulations of Japan or any other country having
competent jurisdiction. STRONG W
confirms that it shall not transfer, export or re-export, either directly or
indirectly, any technical information furnished to it under this Agreement, in contravention of any law or regulation of
the country of origin of such technical information or other country having
competent jurisdiction.

Article
27.   Non-assignability

STRONG W shall not, nor shall it attempt
to, assign, delegate, transfer or otherwise dispose of the rights or the
obligations under this Agreement
without the prior written consent of NECVT which
shall not be unreasonably withheld.

Article
28.   Partial Invalidity

28.1         In the event that any
provision of this Agreement shall be held
invalid or unenforceable, the invalidity or unenforceability of such provision
shall not affect other provisions hereof, which shall remain in force unless
such partial nullity changes the major conditions of this
Agreement.

28.2         If any provision
contained in this Agreement, or conduct of
either party required hereunder, is precluded or materially modified by law,
regulation, 

 

order or act of any competent authority, then the
parties hereto shall negotiate in good faith with respect to alternative or
modified provisions which will accomplish the objectives of this Agreement consistent with applicable laws.

Article
29.   Failure to Enforce

The failure of any party to enforce at any time any of the
provision of this Agreement or any rights in
respect thereto or to exercise any election herein provided shall in no way be
considered to be a waiver of such provisions, rights or elections by such
party, and any exercise of its rights or elections hereunder shall not preclude
or prejudice such party from exercising the same or any other rights it may have
under this Agreement, irrespective of any
previous action taken by such party hereunder.

Article
30.   Relationship between the Parties

The relationship between the parties hereto under this Agreement shall be solely that of independent
contractor and the relationship between NECVT and STRONG W hereunder shall be seller and
buyer.    For the avoidance of doubt,
nothing contained in this Agreement
shall be construed as creating a partnership between or among any of the
parties hereto.

Article
31.   Remedies

Except as otherwise expressly provided herein, all remedies
afforded in this Agreement shall be taken and
construed as cumulative; that is, in addition to every other remedy provided
herein or by law.

Article
32.   Entire Agreement

All prior negotiations between the parties hereto shall be merged
into this Agreement.  This Agreement and
the agreements referred to herein constitute the entire agreement between the
parties with respect to the subject matter hereof, and there are no
understandings, representations or warranties of any kind except as expressly
provided herein provided that nothing in this Article 30 shall operate to
exclude liability for fraudulent misrepresentation. This
Agreement cannot be altered, changed, supplemented or amended except
by written instrument(s) signed by the parties hereto.

Article
33.   Headings

The headings to the Articles in this
Agreement are inserted for the convenience of 

 

reference only and shall not affect the construction of this Agreement.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year first
written above.

	
  Strong Westrex
  Company, Asia,.

  
	
   

  
	
  BY

  	
  /s John P. Wilmers

  	
   

  
	
   

  
	
  Name: John P. Wilmers

  
	
   

  
	
  Title: President & CEO

  
	
   

  
	
   

  
	
  NEC Viewtechnology Ltd.

  
	
   

  
	
  By

  	
     /s/ Masayuki Maeda

  	
   

  
	
   

  
	
  Name: Masayuki Maeda

  
	
   

  
	
  Title:  General Manager

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