Document:

Filed by Bowne Pure Compliance

 

Exhibit 10(a) (8)

EMPLOYMENT, CONSULTING

(AND NON-COMPETITION) AGREEMENT

	 	 	 	 	 
	DATE:

	 	June 15, 2007	 	 
	 
	 	 	 	 
	PARTIES:

	 	Robert K. Hill
	 	Universal Forest Products Western Div., Inc.
	 

	 	5974 Watson Drive
	 	(and its affiliates and subsidiaries)
	 

	 	Fort Collins, CO 80528
	 	2801 East Beltline NE
	 

	 	(herein “Hill”
	 	Grand Rapids, MI 49525
	 

	 	 	 	(herein “UFP” or the “Company”)

The Parties agree as follows:

SECTION 1. RETIREMENT.

Hill is currently the President of Universal Forest Products Western Division, Inc. From June
15, 2007 to December 31, 2007, Hill shall remain an officer of UFP. The Company will appoint a new
President of Universal Forest Products Western Division, Inc., effective July 1, 2007. Effective
January 1, 2008 (the “Effective Date”), Hill shall be deemed to have resigned as an officer of the
Company and will become a consultant to the Company. As of the Effective Date, Hill releases UFP
from any employment obligations and wishes to enter into a consulting agreement as described in
this document.

SECTION 2. RETENTION OF HILL AS CONSULTANT.

2.1 Effective Date. As of the Effective Date, UFP shall retain Hill as an independent
contractor and consultant. Hill accepts such consulting relationship upon the terms and conditions
set forth in this Agreement.

2.2 Services. Hill agrees to provide sales, manufacturing and purchasing consulting
for the exclusive benefit of UFP. Hill shall perform such consulting services faithfully for UFP
during the term of this Agreement. The initial consulting services are listed on Appendix “A” and
may be amended in writing as agreed by the parties.

2.3 Condition Precedent. UFP’s obligations hereunder, including but not limited to
the Compensation described in Section 3 of this Agreement, are expressly conditioned upon the
execution of the Full and Final Release by Hill on or before December 31, 2007. The Full and Final
Release is attached as Appendix “B.”

 

1

 

SECTION 3. COMPENSATION.

3.1 Employment Compensation. For the period ended fiscal year 2007, Hill shall
receive his normal base salary, ROI bonus consisting of 25% of the Universal Forest Products
Western Division pool plus a portion of the discretionary pool (minimum 10% and maximum 25%), as
determined by Hill and the CEO, and officer benefits package.

3.2 Consulting Fee and Expense Reimbursement. On the Effective Date, in full
satisfaction for all consulting services rendered by Hill for UFP under this Agreement, UFP shall
pay Hill’s consulting business a consulting fee as follows:

(a) Thirty Thousand Three Hundred Fifty Two Dollars and 08/100 ($30,352.08) per month, in
exchange for up to two (2) days or twenty (20) hours per week. Some weeks may require more time,
and other weeks may require less time, as agreed by the parties.

(b) Hill and his spouse shall be eligible for COBRA continuation of medical benefits effective
January 1, 2008. The fee for standard salaried insurance will be paid by UFP for the 18 months of
COBRA coverage, or longer, if eligible. From July 1, 2009 through November 30, 2012, UFP shall pay
the premium for a Colorado Preferred Blue Cross policy, or its similarly priced equivalent, with a
reasonable deductible, for Hill and his spouse. Hill shall be responsible for all deductibles,
co-pays and policy limitations.

(c) After December 31, 2007, Hill will be responsible for all of Hill’s costs to perform the
obligations under this agreement. UFP will reimburse Hill for business telephone and internet
access used for UFP business as agreed by the CEO and Hill. If Hill is required by UFP to travel
to perform specific duties, UFP will reimburse the ordinary and necessary costs to travel and
perform such duties.

3.3 Other Compensation and Fringe Benefits. Except as set forth in this Agreement,
Hill shall not receive any other compensation from UFP or participate in or receive benefits under
any other UFP fringe benefit programs, including, without limitation, disability, life insurance,
bonus, and profit sharing benefits. On the Effective Date, Hill shall receive a one-time payment
of Five Thousand Dollars ($5,000.00).

SECTION 4. NATURE OF RELATIONSHIP; EXPENSES.

4.1 Independent Contractor. As of the Effective Date, Hill shall be an independent
contractor and shall not be the employee, servant, agent, partner, or joint venturer of UFP, or
any of its officers, directors, or consultants. Except as expressly provided herein, Hill
shall not have the right to or be entitled to any of the employee benefits of UFP or its
subsidiaries except as expressly agreed in writing. Hill has no authority to assume or create any
obligation or liability, express or implied, on UFP’s behalf or in its name or to bind UFP in any
manner whatsoever.

 

2

 

4.2 Insurance and Taxes. Hill agrees to arrange for Hill’s own liability, disability,
and workers’ compensation insurance, and that of Hill’s employees, if any. Hill agrees to be
responsible for Hill’s own tax obligations accruing as a result of payments for services rendered
under this Agreement, as well as for the tax withholding obligations with respect to Hill’s
employees, if any. It is expressly understood and agreed by Hill that should UFP for any reason
incur tax liability or charges whatsoever as a result of not making any withholdings from payments
for services under this Agreement, Hill will reimburse and indemnify UFP for the same. Hill agrees
to sign independent contractor agreement(s) containing terms sufficient to comply with Colorado and
Federal law regarding his status as an independent contractor.

4.3 Equipment, Tools, Consultants and Overhead. Except as set forth in this
Agreement, Hill shall provide, at his own expense, all equipment and tools needed to provide
services under this Agreement, including the salaries of and benefits provided to any employees of
Hill. Hill shall be responsible for all of Hill’s overhead costs and expenses.

SECTION 5. TERM.

5.1 Initial Term; Renewal. The consulting relationship under this Agreement shall
commence on the Effective Date and continue in effect until December 31, 2010. The parties may
mutually agree in writing to extend this Agreement.

5.2 Effect of Termination. Termination of the consulting relationship shall not
affect the provisions of Sections 6, 7 and 8, which provisions shall survive any termination in
accordance with their terms.

SECTION 6. DISCLOSURE OF INFORMATION.

Hill acknowledges that UFP’s trade secrets, private or secret processes as they exist from
time to time, and information concerning customers and their identity, products, developments,
manufacturing techniques, new product plans, equipment, inventions, discoveries, patent
applications, ideas, designs, engineering drawings, sketches, renderings, other drawings,
manufacturing and test data, computer programs, progress reports, materials,
costs, specifications, processes, methods, research, procurement and sales activities and
procedures, promotion and pricing techniques, and credit and financial data concerning customers of
UFP, as well as information relating to the management, operation, or planning of UFP, herein the
(“Proprietary Information”) are valuable, special, and unique assets of UFP, access to and
knowledge of which may be essential to the performance of Hill’s duties under this Agreement as an
employee or as a consultant.

 

3

 

In light of the highly competitive nature of the industry in which
UFP conducts business, Hill agrees that all Proprietary Information obtained by Hill as a result of
its relationship with UFP shall be considered confidential. In recognition of this fact, Hill
agrees that Hill will not, during and after the Consulting Period, disclose any of such Proprietary
Information to any person or entity for any reason or purpose whatsoever, and Hill will not make
use of any Proprietary Information for Hill’s own purposes or for the benefit of any other person
or entity (except UFP) under any circumstances. Notwithstanding anything herein to the contrary,
no obligation or liability shall accrue hereunder with respect to any of the Proprietary
Information to the extent that such Proprietary Information (1) is or becomes publicly available
other than as a result of acts by Hill in violation of this Agreement; or (2) is, on the advice of
counsel, required to be disclosed by law or legal process.

SECTION 7. NONCOMPETITION AGREEMENT.

In order to further protect the confidentiality of the Proprietary Information and in
recognition of the highly competitive nature of the industries in which UFP conducts its
businesses, and for the consideration set forth herein, Hill further agrees that during and for the
period June 15, 2007 and ending on December 31, 2010.

7.1 Hill will not directly or indirectly engage in any Business Activities (hereinafter
defined), other than on behalf of UFP, whether such engagement is as an officer, director,
proprietor, employee, partner, investor (other than as a holder of less than 1% of the outstanding
capital stock of a publicly-traded corporation), consultant, advisor, agent, or other participant,
in any geographic area in which the products or services of UFP have been distributed or provided
during the period of Hill’s employment or consulting relationship with UFP. For purposes of this
Agreement, the term “Business Activities” shall mean the design, development, manufacture, sale,
marketing, or servicing of UFP’s products, together with all other activities engaged in by UFP or
any of its subsidiaries at any time during Hill’s employment or consulting relationship with UFP,
and activities in any way related to activities with respect to which Hill renders consulting
services under this Agreement.

7.2 Hill will not directly or indirectly engage in any of the Business Activities (other than
on behalf of UFP) by supplying products or providing services to any customer
with whom UFP has done any business during the consulting relationship with UFP, whether such
engagement is as an officer, director, proprietor, employee, partner, investor (other than as a
holder of less than 1% of the outstanding capital stock of a publicly traded corporation),
consultant, advisor, agent, or other participant.

 

4

 

7.3 Assistance to Others. Hill will not directly or indirectly assist others in
engaging in any of the Business Activities in any manner prohibited to Hill under this Agreement.

SECTION 8. DESIGNS, INVENTIONS, PATENTS AND COPYRIGHTS.

8.1 Intellectual Property. Hill and UFP shall agree, at the outset of any project, as
to the scope of the project and Hill’s role therein (the “Project Scope”). Hill shall promptly
disclose, grant, and assign to UFP for its sole use and benefit any and all designs, inventions,
improvements, technical information, know-how and technology, and suggestions within the Project
Scope relating in any way to the products of UFP or capable of beneficial use by customers to whom
products or services of UFP are sold or provided, that Hill may conceive, develop, or acquire while
consulting with UFP (whether or not during usual working hours), together with all copyrights,
trademarks, design patents, patents, and applications for copyrights, trademarks, divisions of
pending patent applications, applications for reissue of patents and specific assignments of such
applications that may at any time be granted for or upon any such designs, inventions,
improvements, technical information, know-how, or technology (Intellectual Property).

8.2 Assignments and Assistance. In connection with the rights of UFP to the
Intellectual Property, Hill shall promptly execute and deliver such applications, assignments,
descriptions, and other instruments as may be necessary or proper in the opinion of UFP to vest in
UFP title to the Intellectual Property and to enable UFP to obtain and maintain the entire right
and title to the Intellectual Property throughout the world. Hill shall also render to UFP, at
UFP’s expense, such assistance as UFP may require in the prosecution of applications for said
patents or reissues thereof, in the prosecution or defense of interferences which may be declared
involving any of said applications or patents, and in any litigation in which UFP may be involved
relating to the Intellectual Property.

8.3 Copyrights. Hill agrees to, and hereby grants to UFP, title to all copyrightable
material first designed, produced, or composed in the course of or pursuant to the performance of
work under this Agreement, which material shall be deemed “works made for hire” under Title 17,
United States Code, Section 1.01 of the Copyright Act of 1976. Hill hereby grants to UFP a
royalty-free, nonexclusive, and irrevocable license to reproduce,
translate, publish, use, and dispose of, and to authorize others so to do, any and all
copyrighted or copyrightable material created by Hill as a result of work performed under this
Agreement but not first produced or composed by Hill in the performance of this Agreement, provided
that the license granted by this paragraph shall be only to the extent Hill now has, or prior to
the completion of work under this Agreement or under any later agreements with UFP relating to
similar work may acquire, the right to grant such licenses without UFP becoming liable to pay
compensation to others solely because of such grant.

 

5

 

SECTION 9. MISCELLANEOUS PROVISIONS.

9.1 Assignment. This Agreement shall not be assignable by either party, except by UFP
to any subsidiary or affiliate of UFP (now or hereafter existing) or to any successor in interest
to UFP’s business.

9.2 Binding Effect. The provisions of this Agreement shall be binding upon and inure
to the benefit of the heirs, personal representatives, successors, and assigns of the parties.

9.3 Notice. Any notice or other communication required or permitted to be given under
this Agreement shall be in writing and shall be mailed by certified mail, return receipt requested,
postage prepaid, addressed to the parties at the address stated on the first page of this
Agreement. The address of a party to which notices or other communications shall be mailed may be
changed from time to time by giving written notice to the other party.

9.4 Litigation Expense. In the event of a default under this Agreement, the
defaulting party shall reimburse the nondefaulting party for all costs and expenses reasonably
incurred by the nondefaulting party in connection with the default, including without limitation
attorney’s fees. Additionally, in the event a suit or action is filed to enforce this Agreement or
with respect to this Agreement, the prevailing party or parties shall be reimbursed by the other
party for all costs and expenses incurred in connection with the suit or action, including without
limitation reasonable attorney’s fees at the trial level and on appeal.

9.5 Waiver. No waiver of any provision of this Agreement shall be deemed, or shall
constitute, a waiver of any other provision, whether or not similar, nor shall any waiver
constitute a continuing waiver. No waiver shall be binding unless executed in writing by the party
making the waiver.

9.6 Applicable Law. This Agreement shall be governed by and shall be construed in
accordance with the laws of the State of Colorado. Venue for any action brought to enforce this
Agreement shall be brought in the courts of the State of Colorado.

9.7 Entire Agreement. This Agreement constitutes the entire Agreement between the
parties pertaining to its subject matter, and it supersedes all prior contemporaneous agreements,
representations, and understandings of the parties. No supplement, modification, or amendment of
this Agreement shall be binding unless executed in writing by all parties.

 

6

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	UNIVERSAL FOREST PRODUCTS	 	 
	 	 	WESTERN DIVISION, INC.:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Robert K. Hill	 	 

 

7

 

APPENDIX A

INITIAL CONSULTING SERVICES

	1.	 	Provide consultation to the CEO of UFP, the President of Universal Forest Products Western
Division, Inc., or other employees of the Company, as approved by the CEO and Hill.

	 
	2.	 	Provide information on Hill’s past activities on behalf of the Company.

	 
	3.	 	Cooperate with UFP to ensure a smooth management transition.

 

8

 

APPENDIX B

FULL AND FINAL RELEASE

In consideration of the benefits provided to me by Universal Forest Products, Inc. contained
in the Employment, Consulting (and Non-Competition) Agreement (the “Agreement”) dated June 15,
2007, I hereby agree as follows:

1. The Company. When used herein, “the Company” includes any parent, subsidiary, and
affiliated companies of Universal Forest Products, Inc. and its and their successors, assigns,
officers, directors, agents, employees and attorneys, past, present or future, jointly and
individually (collectively, “the Company”).

2. Release of Claim. I release and forever discharge the Company from any and all
claims, disputes, causes of action, administrative proceedings, legal actions, whether arising out
of statutory law, common law or equity, and damages, known or unknown, which I have or may have
against the Company, however denominated (the “Claims”), including, but not limited to, Claims
related to my employment, the conduct of business during my employment, any claims of
discrimination under any Federal, state or local law, rule or regulation, including claims under
the Age Discrimination in Employment Act (ADEA), any claims under the Older Workers Benefits
Protection Act, Title VII of the Civil Rights Acts of 1964, the Civil Rights Act of 1991, the
Employee Retirement Income Security Act of 1974, the Michigan Elliott-Larsen Civil Rights Act, the
Michigan Handicappers’ Civil Rights Act, the Michigan Workers Disability Compensation Act, the
Americans with Disabilities Act, any Claim for violation of any other federal, state or local law,
rule or regulation, any Claim for wrongful termination of employment, wrongful layoff, failure to
recall to work, breach of contract, violation of any policy, practice or procedure of the Company,
denial of any employment benefit, constructive discharge, retaliatory discharge, breach of the
covenant of good faith and fair dealings, detrimental reliance, termination in violation of public
policy, violation of any whistleblowers statute, negligent supervision, negligent conducting of
performance appraisal, libel, slander, defamation, sexual or any other type of harassment,
intentional or negligent infliction of emotional distress, tortious interference with business
relations or prospective employers, providing false references, any Claims to reinstatement or
future employment, any Claim for damages, attorney fees or costs and any Claims occurring or
existing through the date of this Release. Employee does not waive the right to file a lawsuit to
enforce the Agreement and this Appendix B. The right to file the lawsuit shall apply solely to the
equity powers of the court to enforce the arbitration provisions herein.

3. Scope of Release. Except as provided below, this Release covers all Claims arising
from or in connection with my employment with and separation from the Company as well as any Claims
occurring or existing through the date of this Release. This Release does not apply to (a) my
rights under the Consulting Agreement, (b) Claims against any person other than the Company that is
unrelated to my employment and the conduct of business during my employment.

 

1

 

4. Prior Claims. I have not filed any claim, administrative proceedings or legal
action against the Company.

5. Subsequent Legal Action. I will not initiate, assist or cooperate in any
charge, claim, complaint or legal action against the Company with any federal, state or local
administrative agency or court, or with any other person (the term “person” shall mean and include
an individual, a partnership, a joint venture, a corporation, a limited liability entity, a trust,
an unincorporated organization, and a government or any department or agency thereof), unless so
ordered by a duly authorized court, legislative committee or grand jury, as for enforcement of this
Agreement.

6. Derogatory Comments. I shall not make any derogatory statements regarding the
Company.

7. Resignations. Effective with the date of my separation from employment, I resign
as an employee, officer and /or a director of the Company, and its subsidiaries and affiliates.

8. Finality of Release. I recognize that I may be mistaken as to the facts and/or law
upon which I may be relying in executing this Release or that additional facts may exist of which I
am not presently aware. Nonetheless, I have been fully advised and understand the finality of this
Release and intend to be bound by it.

9. Review of Document. I acknowledge that the Company has advised me in writing to
consult with an attorney regarding this Agreement. I have had the opportunity to read and discuss
this Release with the Company and I have had an opportunity to review this Release with my own
legal counsel.

10. Review and Revocation Periods. I have been given twenty one (21) days within
which to consider this Release before executing it. I have been advised that I may revoke this
Release for a period of seven (7) calendar days following the execution of this Release and that
this Release is not effective until the revocation period has expired.

 

2

 

11. Authority to Release. I have the authority to release the claims which are
released herein, and no claims referred to herein have been previously assigned to or are owned by
any other person or entity.

12. Arbitration. Any dispute arising out of the interpretation or application of this
Agreement shall be submitted to binding arbitration and the fees and expenses of the Arbitrator
shall be paid by the unsuccessful party.

13. Entire Agreement. No other written or oral promises, inducement or agreements
have been made by the Company to me other than those made in the Consulting Agreement, attached
hereto. I understand that this Release may not be modified, altered or changed in any respect,
except upon the express prior written consent by me and the Company.

14. Severability. If after the date of execution of this Release, any
provision of this Release is held to be illegal, invalid or unenforceable, such provision shall be
fully severable. In lieu thereof, there shall be added a provision as similar in terms to such
illegal, invalid or unenforceable provision as may be possible and be legal, valid and enforceable.

15. Governing Law. This Release shall be construed in accordance with and shall be
governed by the internal laws of the State of Colorado.

 

3

 

IN WITNESS WHEREOF, the parties have executed this Release as of the date first above written.

THIS IS A RELEASE. READ BEFORE SIGNING.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	UNIVERSAL FOREST PRODUCTS
	 	 
	 	 	WESTERN DIVISION, INC.	 	 
	 
	 	 	 	 	 	 
	Witness:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Witness:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Robert K. Hill	 	 
	 
	 	 	 	 	 	 
	Acknowledged by Counsel 

for Employee:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

 

4Filed by Bacchus Filings Inc. 604.632.1285       Mantra Venture Group Ltd. Form S-1

	CONSULTING AGREEMENT 
	  
	THIS CONSULTING AGREEMENT (the "Agreement") effective as of February 8, 2008 (the “Effective Date”)   
	
	  
	BETWEEN  
	  
	                                       MANTRA VENTURE GROUP LTD.  
	                                       207 West Hastings Street, Suite 1209  
	                                       Vancouver, British Columbia  
	                                       Canada V6B 1H7  
	                                                                                                                                                                                                                     (the "Company")  
	  
	AND  
	  
	                                       METRADON VENTURES LIMITED  
	                                       Unit 2905, Block E  
	                                       Tung Ning House  
	                                       9 Oi Yin Street  
	                                       Shaukiwan, Hong Kong  
	  
	  
	                                                                                                                                                                                                                   (the “Consultant”)  

WHEREAS:

A. The Company engaged in the acquisition and development of technologies and services that reduce the environmental impact of energy production and resource consumption;

B. The Company desires to retain the Consultant to provide certain business development consulting services to the Company on the terms and subject to the conditions of this Agreement.

THIS AGREEMENT WITNESSES THAT in consideration of the premises and mutual covenants contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound hereby, agree as follows:

1. ENGAGEMENT AS A CONSULTANT

1.1 The Company hereby engages the Consultant as a consultant to provide the services of the Consultant in accordance with the terms and conditions of this Agreement and the Consultant hereby accepts such engagement.

2. TERM OF THIS AGREEMENT

2.1 The initial term of this Agreement shall begin as of the date of this Agreement and shall continue until August 31, 2008 (the “Initial Term”). The Company may, in its sole discretion, extend the Initial Term by a period of 6 months by providing not less than 30 days written notice to the Consultant prior to the expiration of the Initial Term. (the Initial Term and any extension of the Initial Term are hereinafter referred to as the “Term”).

3. CONSULTANT SERVICES

3.1 The Consultant agrees to perform the following services during the Term and undertake the following responsibilities and duties to the Company as consulting services (the "Consulting Services"):

 

 

The Consultant shall:

a) assist the Company in business development in South East Asia, Hong Kong, and China;

b) assist the Company in identifying and acquiring new technology through licensing, strategic alliances and business acquisitions;

c) assist the Company in targeting and procuring potential mergers and acquisitions of businesses complimentary to the Company;

d) assist the Company in seeking and procuring strategic partners to market the services of the Company and its subsidiaries divisions of the Company throughout the region;

At no time shall the Consultant be asked to provide investor relations services or capital raising services for the Company.

3.2 The Consultant shall devote its time, attention and energies to the business affairs of the Company as may be reasonably necessary for the provision of the Consulting Services, provided, however, the Consultant may engage in other personal and business activities that do not interfere with the Consultant's obligations hereunder.

3.3 In providing the Consulting Services, the Consultant shall: 

a) comply with all applicable federal, provincial, state, municipal and foreign statutes, laws and regulations; 

b) not make any misrepresentation or omit to state any material fact that shall result in a misrepresentation regarding the business of the Company; 

c) not disclose any information about the Company, its business, or its subsidiaries to anyone prior to the information being released to the general public, unless specifically given written permission to make the specific disclosure by the Company; 

d) exercise only such powers and perform such duties in relation to the business of the Company as may from time to time be vested in or assigned to it in writing by the Company and comply with all reasonable directions given to it by the Company in connection with the provision of the Services; 

e) not hold itself out as being able to commit the Company, or hold itself out as an agent, partner, joint venturer, employee, director or officer of the Company; and 

f) not employ any person in any capacity, or contract for the purchase or rental of any service, article or material, nor make any commitment, agreement or obligation whereby the Company shall be required to pay any monies or other consideration without the Company's prior consent in each instance.

3.4 The Consultant shall at all times be an independent contractor and the Consultant shall not be deemed to be an employee of the Company.

4. CONSULTANT FEE

4.1 In consideration for the provision of the Consulting Services during the Term, the Company shall pay the Consultant by the issuance of 600, 000 Units with each Unit consisting of 1 common share of the Company and 1 warrant to purchase one additional common share of the Company at $0.40 US per share, exercisable for a period of six months from the date of issuance (collectively the “Units”). The exercise period of the warrants shall extend automatically for an additional period of 6 months upon Company’s exercise of its option to extend the Term hereof. Notwithstanding the foregoing, the Company may otherwise extend the exercise period of the warrants in its sole discretion with notice to Consultant. The Units shall be subject to the subscription agreement attached hereto and incorporate into this Agreement as Exhibit “A”. The Units shall be valued at the current market value of the Company’s common stock at the time of issuance.

4.2 From time to time during the Term, at the sole discretion of the Company, the Company shall review the services provided by the Consultant hereunder, and determine, in its sole discretion, whether it shall issue a bonus payment to the Consultant for meeting or exceeding management’s expectations of services delivered by the Consultant.

 

4.3 (a) Upon the acquisition by the Company of any technology procured by the Consultant pursuant to this Agreement and protected by a patent for a period of not less than five years from the date of such acquisition, the Company shall compensate the Consultant by the issuance of 100,000 common shares in the capital stock of the Company.

(b) Upon the acquisition by the Company of any revenue producing business or corporation procured by the Consultant pursuant to this Agreement, the Company shall compensate the Consultant by the issuance of 500,000 common shares in the capital stock of the Company.

(c) Nothing in this section 4.3 shall obligate the Company to complete any acquisition procured by the Consultant.

(d) Any shares provided to the Consultant in accordance with this section 4.3 shall be subject to the same restrictions applicable to the share forming part of the Units payable to Consultant hereunder, provided, however, that the Company shall have no obligation to file any registration statement in respect of such additional shares.

5. REGISTRATION RIGHT

5.1 The Company shall include the shares and warrants constituting the Units in the Company's next Form S-1 that shall be submitted for registration with the SEC.

6. NO REIMBURSEMENT OF EXPENSES

6.1 The consultant fees described above include all fees and expenses. The Company shall have no obligation to pay any expenses incurred by the Consultant or by any third party on behalf of Consultant for the provision of the Consulting Services.

7. CONFIDENTIALITY

7.1 “Confidential Information” means the specific terms and conditions set forth in this Agreement, and any information of the Company, or of any entity controlling, controlled by, or under common control with the Company (individually and collectively an “Affiliate”), which information is non-public, confidential or proprietary in nature, including, without limitation, business information, trade secrets, technical or non-technical data, know-how, formulas, patterns, compilations, computer programs and software (including source and object code), devices, drawings, processes, methods, techniques, financial and product plans or data, lists of or information regarding actual or potential customers or suppliers, and other business information which: (i) derives economic value, actual or potential, from not being generally known to or readily ascertainable by proper means, by other persons who can obtain economic value from its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

7.2 Consultant acknowledges that certain of the material and information made available to Consultant by the Company in the performance of the Consulting Services shall constitute Confidential Information. Consultant recognizes that the Confidential Information is the sole and exclusive property of the Company, and Consultant shall use its best efforts and exercise utmost diligence to protect and maintain the confidentiality of the Confidential Information.

Consultant shall not, directly or indirectly, use or disclose the Confidential Information, whether or not acquired, learned, obtained or developed by Consultant alone or in conjunction with others, except as such disclosure or use may be required in connection with the performance of the Services or as may be consented to in writing by the Company.

7.3 The Confidential Information is and shall remain the sole and exclusive property of the Company regardless of whether such information was generated by Consultant or by others, and Consultant agrees that upon termination of this Agreement it shall deliver promptly to the Company all such tangible parts of the Confidential Information including records, data, notes, reports, proposals, client lists, correspondence, materials, marketing or sales information, computer programs, equipment, or other documents or property which are in the possession or under the control of Consultant without retaining copies thereof.

	7.4      	
Each of the obligations of Consultant in this section 7 shall also apply to any confidential information of customers, joint venture parties, partners, employees, contractors, directors, officers or shareholders of the Company or an Affiliate, or to any other entities of any nature whatsoever with whom the Company or any Affiliate has business relations.

	 
	7.5      	
Notwithstanding the foregoing provisions of this clause, Consultant shall not be liable for the disclosure or use of any of the Confidential Information to the extent that the Confidential Information:

	 
	 	(a)      	
was in the public domain prior to the Effective Date of this Agreement or subsequently came into the public domain through no fault of Consultant;

	 
	 	(b)      	
was lawfully received by Consultant from a third party, which third party was, to the knowledge of Consultant, free of any obligation of confidentiality;

	 
	 	(c)      	
was already in the lawful possession of Consultant without an obligation to maintain its confidentiality prior to its disclosure to Consultant;

	 
	 	(d)      	
is required to be disclosed by applicable law, or in a judicial or administrative proceeding, but only so long as Consultant, to the extent it is not legally prohibited, gives the Company notice, prior to any disclosure, of any request to disclose Confidential Information so that the Company has an opportunity to object to the production or disclosure of the requested information. In the event that Confidential Information is produced under such legal compulsion, such production shall be strictly limited to the requesting party as dictated by applicable law or court order, shall be limited in scope to the extent practicable, and shall not otherwise affect the confidential nature of such Confidential Information;

	 
	 	(e)      	
can be proven to have been subsequently and independently developed, without violation of this Agreement, by employees, consultants or agents of the Consultant who did not have access to the Confidential Information; or

	 
	 	(f)      	
is disclosed by Consultant in accordance with the prior written approval of the Company, but only to the extent allowed and for the limited purposes specified in such written approval. Such permitted disclosure shall not otherwise affect the confidential nature of such Confidential Information.

	 
	7.5      	
For purposes of this Agreement, Confidential Information shall not be deemed to be in the public domain or be in Consultant’s lawful possession merely because it consists of components that are within the public domain.

	 
	7.6      	
The covenants and agreements contained in this section 7 shall survive the expiration or termination of this Agreement.

	 
	8.      	
NON-SOLICITATION

	 
	8.1      	
Consultant shall not during the Term of this Agreement hire or take away or cause to be hired or taken away any employee or consultant of the Company. Additionally, for a period of 12 months following the termination of this Agreement, Consultant shall not hire or take away or cause to be hired or taken away any employee or consultant who was in the employ of the Company during the 12 months preceding such termination.

	 
	      	
 

	 

	9.	
REPRESENTATIONS AND WARRANTIES

		

	9.1      	
The Consultant represents that it is a corporation in good standing in the place of its incorporation, that it has the lawful right and corporate authority to enter into and carry out its obligations under this Agreement and that the person signing on behalf of Consultant has the authority to bind Optionor to the terms and conditions of this Agreement.9.2 The Company represents that it is a corporation in good standing in the place of its incorporation, that it has the lawful right and corporate authority to enter into and carry out its obligations under this Agreement and that the person signing on behalf of the Company has the authority to bind the Company to the terms and conditions of this Agreement.

	 
	10.      	
TERMINATION

	 
	10.1      	
Termination without Cause. Each party shall have the right to terminate this Agreement at any time by providing written notice to the other not less than 30 days prior to the desired date of termination.

	 
	10.2      	
Termination for Default. If either party (i) breaches any warranty or other material provision of this agreement, (ii) files a voluntary petition in bankruptcy, (iii) is subject to an involuntary petition in bankruptcy filed against it, or (iv) if a trustee or liquidator is appointed for either party, whether directly or in relation to that parties properties (each and all such events being herein defined as “default”) then at any time during the continuance of such default the other party may, in addition to any other rights it may have at law or in equity, suspend delivery or performance of the Services as are affected by such default, and/or terminate this Agreement with respect to all Services or such Services as are affected by such default. A default by either party under this Agreement shall not be deemed to be a default under any and all other agreements between Consultant and the Company.

	 
	 	
Notwithstanding the foregoing, the party relying on such default shall provide written notice of its intention to terminate this Agreement by reason of default hereunder and the defaulting party shall have seven days from its receipt of such notice within which to cure such default (provided that the foregoing notice requirement shall not apply in the case of default which, by its nature, cannot be cured within seven days).

	 
	10.3      	
Force Majeure. If it shall be impossible or become illegal for either party to substantially perform hereunder as required for a temporary period due to strike, flood or other natural calamity or catastrophe or due to governmental law, order or regulation, then such impossibility shall not constitute a default hereunder, and each of the provisions hereof shall continue with full force and effect; except that the Term of this Agreement shall be extended for a term equal to the duration of such temporary impossibility of performance. If such impossibility by either party shall continue for a period of more than seven days, either party may then terminate this Agreement by providing written notice to the other.

	 
	11.      	
MISCELLANEOUS

	 
	11.1      	
Relationship Between the Parties. Nothing contained in this Agreement shall be construed as creating any relationship (whether by way of employer/employee, agency, joint venture, association, or partnership). It is expressly understood that the relationship between the parties shall be that of independent contractors, whether for the purposes of any federal, state or provincial tax taxation law, rule or regulation of the United States of America, Canada, or otherwise.

	 
	11.2      	
Time. Time is of the essence of this Agreement.

	 
	11.3      	
Presumption. This Agreement or any section thereof shall not be construed against any party due to the fact that said Agreement or any section thereof was drafted by said party.

	 
	11.4      	
Titles and Captions. All article, section and paragraph titles or captions contained in this Agreement are for convenience only and shall not be deemed part of the context nor affect the interpretation of this Agreement.

	 

11.5 Further Action. The parties hereto shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary or appropriate to achieve the purposes of this Agreement.

11.6 Good Faith, Cooperation and Due Diligence. The parties hereto covenant, warrant and represent to each other good faith, complete cooperation, due diligence and honesty in fact in the performance of all obligations of the parties pursuant to this Agreement. All promises and covenants are mutual and dependent.

11.7 Savings Clause. If any provision of this Agreement, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this Agreement, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.

11.8 Assignment. This Agreement may not be assigned by either party hereto without the written consent of the other, but shall be binding upon the successors of the parties.

11.9 Notices. All notices required or permitted to be given under this Agreement shall be given in writing and shall be delivered, either personally or by express delivery service, to the party to be notified. Notice to each party shall be deemed to have been duly given upon delivery, personally or by courier, addressed to the attention of the officer at the address set forth heretofore, or to such other officer or addresses or by such other means as either party may designate, upon at least five days written notice, to the other party.

11.10 Entire agreement. This Agreement contains the entire understanding and agreement among the parties. There are no other agreements, conditions or representations, oral or written, express or implied, with regard thereto. This Agreement may be amended only in writing signed by all parties.

11.11 Waiver. A delay or failure by any party to exercise a right under this Agreement, or a partial or single exercise of that right, shall not constitute a waiver of that or any other right.

11.12 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. In the event that the document is signed by one party and faxed to another the parties agree that a faxed signature shall be binding upon the parties to this Agreement as though the signature was an original.

11.13 Successors. The provisions of this Agreement shall be binding upon all parties, their successors and assigns.

11.14 Counsel. The parties expressly acknowledge that each has been advised to seek separate counsel for advice in this matter and has been given a reasonable opportunity to do so.

11.15 Jurisdiction. The parties hereby attorn to the jurisdiction of the provincial and federal courts located in the city of Vancouver, British Columbia for all matters arising from this Agreement.

IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement as of the date first written above.

MANTRA VENTURE GROUP LTD.

Per:/s/ Larry Kristof

       Larry Kristof, President

	 
	METRADON VENTURES LIMITED

  
	/s/ Wai Ching Chung  
	Wai Ching Chung, Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]