Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Coloured Industry Limited - Exhibit 10.3

EXHIBIT 10.3

DATED 6 August 2003 

 

 

 

THE COLOURED INDUSTRY TECHNOLOGY PARTNERSHIP 

- and -

 

COLOURED INDUSTRY LIMITED

 

 

AGENCY EXPLOITATION AGREEMENT 

for the commercial exploitation 

of the Coloured Industry Technology

 

 

 

Keydata Technology Partnership 3 LLP
1164874.1

THIS AGENCY AGREEMENT is made the 6th day of
August 2003

B E T W E E N : 

	(1) 	
      Paul T Carter (“PTC”), Administrator of The Coloured
      Industry Technology Partnership (“the Partnership”) (a general partnership
      registered in England and Wales and with registered number OC304283) whose
      registered office is situated iat 4 Bedford Row, London WC1R 4DF, as
      authorized signatory for and on behalf of the Partnership; and

	 	 
	(2) 	
      Coloured Industry Limited (a limited company registered
      in England and Wales with company number 04752451) whose registered office
      is situated at 2nd floor, 93A

	 	 
		
      Rivington Street, London EC2A 3AY (“the
  Agent”)

WHEREAS

(A)      PTC is Administrator of the
Partnership (as that term is defined below) and PTC wishes the Agent to carry
out the Duties (as that term is defined below) on the terms and subject to the
conditions set out in this Agreement.

IT IS AGREED as follows:

	1. 	
      DEFINITIONS AND INTERPRETATION

	 	 
		
      In this Agreement the following words and expressions
      will have the following meanings:

	 	“Accounts” 	The audited accounts of the
      Partnership in respect of each period; 

	 	“Accounts” 	
      means the agreement in the form attached as Schedule 3
      

	 	“Business Day” 	
      Any day other than a Saturday or Sunday or statutory Bank
      Holiday; 

	 	“Duties” 	
      duties of the Agent in relation to the commercial
      exploitation of the rights as set out in the Schedule 1 to this Agreement;
      

	 	“Exploitation Forecast” 	
      the forecasts of income and expenditure for the
      exploitation set out in Schedule 2 to this Agreement; 

Keydata Technology Partnership 3 LLP

1164874.1

	 	“Minimum” 	
      eighty (80) per cent of the LIBOR rate in existence at
      the date of the transfer of the Products pursuant to the Acquisition
      Agreement; 

	 	“Partnership Agreement” 	
      The Partnership Deed made between PTC and others and
      dated 24 March 2003 

	 	“Partnership” 	
      The Coloured Industry Technology Partnership constituted
      by the Partnership Agreement 

	 	“Payment” 	
      a sum equivalent to 25% (Twenty Five per cent) of the Net
      Profit of the Partnership over the Minimum in respect of each Period by
      reference to the Accounts; 

	 	“Period” 	
      each accounting period of the partnership, the first of
      which will be the period ending 31 July 2003 and thereafter each
      successive period of twelve (12) calendar months 

	 	“Products” 	
      the intellectual property rights to the technology and
      software for the Coloured Industry Technology Partnership listed in
      schedule 1 of the Acquisition Agreement. 

	 	“Turnover” 	
      the gross income (exclusive of VAT) from the Exploitation
      of the products 

	2. 	
      DUTIES OF THE AGENT

	 	 
		
      The agent will commercially exploit the rights and
      will:

(i)     
carry out its Duties and use its best endeavours to achieve an exploitation
result in accordance with the Exploitation Forecast.

(ii)     accept and carry out work and
services related to the exploitation in accordance with instructions and
direction given by PTC.

(iii)    participate in at least one monthly
management meeting with PTC and report the exploitation results for the month in
a format directed by PTC.

Keydata Technology Partnership 3 LLP

  1164874.1

(iv)     participate as may from time to
time be required in any other meeting with any member of the Partnership.

(v)     
accept the directors and requests from PTC and carry out work resulting from the
directions and requests in a proper manner.

	3. 	
      PAYMENT TO THE AGENT

	 	 	 
		3.1 	
      In consideration of the Agent carrying out the Duties and
      giving the warranty in clause 4, PTC (on behalf of the Partnership) agrees
      that the Agent shall be entitled to the Payment.

	 	 	 
		3.2 	
      The Payment shall be made to the Agent within fourteen
      (14) Business Days of the finalisation of the Accounts of the Partnership
      in respect of each period.

	 	 	 
		3.3 	
      A Certificate in writing signed by the Licensors stating
      the total amount due to the Agent shall in the absence of manifest error
      be conclusive evidence thereof.

	4. 	
      WARRANTY

	 	 	 
		(i) 	
      The agent hereby confirms that the Exploitation Forecast
      is reasonable and expresses the Agent’s current expectations of turnover
      and Costs as a result of the exploitation of the Products.

	 	 	 
		(ii) 	
      The Agent warrants to PTC that the Turnover of the of the
      Partnership in any Period as a result of the Agent carrying out the Duties
      shall not be less than the Minimum.

	 	 	 
	5. 	
      INDEMNITY

	 	 	 
		
      The Agent agrees to indemnify and keep indemnified PTC
      (as a trustee for the Partnership) from and against any and all losses,
      costs, damages, claims, demands, expenses and liabilities incurred or
      suffered (together with legal fees and costs incurred thereon) by PTC as a
      result of any breach by the agent or its agents, employees, licensees or
      customers pursuant to the terms of this Agreement provided that such
      liability has not been incurred by the Agent through any default by
      PTC.

	 	 	 
	6. 	
      ASSIGNMENT

	 	 	 
		
      Each party shall be entitled to assign or otherwise
      transfer all or any of its rights or obligations under this agreement only
      with the written consent of the other party.

Keydata Technology Partnership 3 LLP

1164874.1

	7. 	
      TERMINATION

	 	 	 
		(i) 	
      This Agreement shall terminate in the event of either of
      the parties giving to the other not less than thirty (30) Business Days
      notice in writing at any time after the third anniversary of this
      Agreement.

	 	 	 
		(ii) 	
      In the event of termination for whatever reason the Agent
      shall forthwith pass to PTC all documents, sample and publicity
      promotional and advertising material in its possession ore under its
      control and shall forthwith cease to make any representation that it is in
      any way involved with PTC or the Partnership.

	 	 	 
		(iii) 	
      Termination for whatever reason shall not affect the
      right of the Agent to receive monies referred to in clause 3 where such
      monies have been earned prior to the date of termination.

	 	 	 
		(iv) 	
      The agent agrees that it shall not be entitled to any
      compensation in the event of this Agreement being terminated for whatever
      reason.

	 	 	 
	8. 	
      ENTIRE AGREEMENT

	 	 	 
		
      The parties acknowledge that this Agreement constitutes
      the whole agreement between the parties and shall supersede any prior
      agreements between the parties whether written or oral and that any such
      prior agreements are cancelled as at the date hereof.

	 	 	 
	9. 	
      NO PARTNERSHIP

	 	 	 
		
      The parties confirm that they are not partners or joint
      venturers.

	 	 	 
	10. 	
      LAW

	 	 	 
		
      The Parties agree that this Agreement shall be governed
      by English law and each party hereby agrees to submit to the non-exclusive
      jurisdiction to the Courts of England.

	 	 	 
	11. 	
      Waiver

	 	 	 
		
      Failure by either party to enforce at any time or for any
      period any one or more of the terms and conditions of this Agreement shall
      not be a waiver of it or them or of the right at any time subsequently to
      enforce all terms and conditions of this Agreement.

	 	 	 
	12. 	
      FORCE MAJEURE

	 	 	 
		
      Each party will be released from its respective
      obligations in the event of national emergency, war, prohibitive
      government regulations or if any other cause beyond
the

Keydata Technology Partnership 3 LLP

1164874.1

		
      reasonable control of the parties renders the performance
      of this Agreement impossible provided that this clause shall have effect
      only at the discretion of PTC except where such event renders performance
      impossible for a continuous period of twelve calendar months.

	 	 	 
	13. 	
      SEVERANCE

	 	 	 
		
      In the event that any provision of this Agreement is
      declared by any judicial or other competent authority to be voidable,
      illegal or otherwise unenforceable the parties shall amend the provision
      in such reasonable manner as achieves the intention of the parties without
      illegality or at the discretion of PTC it may be severed from the
      Agreement.

	 	 	 
	14. 	
      NOTICES

	 	 	 
	14.1 	
      Any notice shall be in writing and signed by or on behalf
      of the person giving it. Except in the case o personal service, any notice
      shall be sent or delivered to the party to be severed at the registered
      office of the party in question. Any alteration of address shall, to have
      effect, be notified to the other party in accordance with this
    clause.

	 	 	 
	14.2 	
      Service of a notice must be effected by one of the
      following methods;

	 	 	 
		14.2.1 	
      Personally and shall be treated as served at the time of
      such notice;

	 	 	 
		14.2.2 	
      By pre-paid first class post (or by air mail from one
      country to another) and shall be treated as served on the second (or if by
      air mail on the fourth) Business Day after the date of posting. In proving
      this it shall be sufficient to prove that the envelope containing the
      notice was correctly addressed, postage paid and posted; 

	 	 	 
	 	or	 
	 	 	 
		14.2.3 	
      By delivery of the notice through the letterbox of the
      party to be served and shall be treated as served on the first Business
      Day after the date of such delivery.

IN WITNESS WHEREOF the parties have executed this instrument
  as a deed and have delivered it upon dating it.

Keydata Technology Partnership 3 LLP

  1164874.1

SCHEDULE 1

The Agent’s Duties

The Agent will be responsible to the Partnership for the
commercial exploitation of the Products. PTC, as administrator, will manage the
Agent to ensure that it is maximising the commerciality of the Products and I
using best endeavours to ensure that the Exploitation Forecast is achieved. The
Partnership’s trade is the commercial exploitation of the Products and the Agent
is acting as appointed agent to carry on this trade. The Agent will commercially
exploit the Products ad its duties will include, but are not restricted, to;

	(i) 	
      carrying out its Duties and using its best endeavours to
      achieve an exploitation result in accordance with the exploitation
      forecast;

	 	 
	(ii) 	
      accepting and carrying out work and services related to
      the exploitation in accordance with instructions and directions given by
      PTC;

	 	 
	(iii) 	
      participating in at least one monthly management meeting
      with PTC and reporting the exploitation results for the month in a format
      directed by PTC;

	 	 
	(iv) 	
      participating as may from time to time be required in any
      other meeting with any member of the Partnership;

	 	 
	(v) 	
      accepting the directions and requests from PTC and
      carrying out work resulting from the directions and requests in a proper
      manner;

	 	 
	(vi) 	
      providing to PTC, for circulation to the members of the
      Partnership, quarterly reviews of the public reactions to the Products and
      a financial comparison between actual performance and results against
      those in the Exploitation forecast;

	 	 
	(vii) 	
      discussing with PTC possible changes to the financial
      assumptions in sufficient time before the end of the financial year to
      enable budgets to be prepared for the following year;

	 	 
	(viii) 	
      be prepared t meet with the members of the Partnership at
      least once a year to update them on the progress of the exploitation of
      the Products;

Keydata Technology Partnership 3 LLP

1164874.1

	
(ix) 		
undertaking any other duties or activities relating to the Rights which may reasonably be requested by the PTC.

	

 

Keydata Technology Partnership 3 LLP

  1164874.

SCHEDULE 2

Exploitation Forecast

 

 

 

Keydata Technology Partnership 3 LLP

  1164874.

SCHEDULE 3 

The Acquisition Agreement

 

Keydata Technology Partnership 3 LLP

  1164874.

	EXECUTED and DELIVERED as A Deed for 	 	 
	and behalf of 	)	
	The Coloured Industry
      Technology	)	 
	Partnership 	)	
	Represented by authorised signatory 	)	
	   	)	 
	Paul T. Carter 	)	 /s/ Paul T. Carter 
	  	  	Administrator 
	In The Presents Of 	  	  
	  	  	  
	/s/ JCL
      Bailey 	  	  
	Witness Signature 	  	  
	  	  	  
	Name               
      JCL Bailey 	 	  
	  	  	  
	Address          
      4 Bedford Row 	  	  
	                          
      London WC1R 4DG 	  	  
	  	  	  
	Occupation       Solicitor
	  	  
	  	  	  
	EXECUTED and DELIVERED as a Deed for 	)	
	and on behalf of 	)	
	Coloured Industry Limited 	)	  
	Represented by authorised signatories 	)	
	   	)	 
	Director and by 	)	
	  	  	  
	Lars Brannvall 	  	/s/
      Lars Brannvall 
	Director/Secretary 	  	
	  	  	Director (for and on behalf of Chalfen
    
	In The Presents Of 	  	Secretaries Limited) 
	  	  	  
	/s/ Peter
      Hanford 	  	
	Witness Signature 	  	Director/Secretary 
	  	  	  
	Name               
      Peter Hanford 	  	  
	  	  	  
	Address 	  	  
	                          
        15 Park Lane, Earls Colne	  	  
	                          
      Essex – C06 2R5 	  	  
	  	  	  
	Occupation       M.D	 	  

  

  Keydata Technology Partnership 3 LLP

    1164874.1Filed by Automated Filing Services Inc. (604) 609-0244 - Coloured Industry Limited - Exhibit 10.4

EXHIBIT 10.4

THIS AGREEMENT is made the 6th day of August
2003

B E T W E E N :-

	1) 	
      The Company specified in the Schedule hereto ("the Company")
      

      and

	 	 
	2) 	
      The person specified in the Schedule hereto ("the
      Officer")

	 	 
	3) 	
      The Owner specified in the Schedule hereto (“the
      Owner”)

W H E R E A S :-

	(A) 	
      The Company carries on the business shown in the Schedule
      hereto ("the Business") from the premises shown in the Schedule hereto
      ("the Premises")

	 	 
	(B) 	
      It has been agreed that the Company will employ the
      Officer who will serve the Company upon the terms and conditions
      hereinafter contained

NOW IT IS HEREBY AGREED as follows:-

	1. 	
      THE Company will employ the Officer and the Officer will
      serve the Company in accordance with his job title and specific
      responsibilities detailed in the Schedule hereto at the Premises/or such
      other place of work and subject to the directions of the Owner, its
      authorised agents and representatives of the Company

	 	 
	2. 	
      THE Officer hereby agrees that he will devote all of his
      time and attention and give his best effort and skills exclusively to the
      Business and interests of the Company and that he will perform such
      services in and about such business of the Company as may from time to
      time be assigned to him and will do his utmost to further enhance and
      develop the best interests and welfare of the Company in all
    respects

	 	 
	3. 	
      THE Officer's date of commencement of employment is shown
      in the Schedule hereto and his employment will continue until termination
      as hereinafter provided.

	 	 
	4. 	
      THE remuneration of the Officer per annum is shown in the
      Schedule hereto

	 	 
	5. 	
      THE Officer will be required to carry out his duties when
      and where required by the Owner hereunder from Monday to Friday
      (inclusive) during normal working hours of the Business and such further
      time as the Company will reasonably require The parties acknowledge that
      the Officer has autonomous decision-taking powers and that he is able to
      determine the duration of his own working time, and that, as a result, the
      exemptions available in Regulation 20 of the Working Time Regulations 1998
      will apply

	 	 
	6. 	
      DURING the continuance of his employment hereunder the
      Officer will devote his whole time and attention to the Business of the
      Company and will do all in his power to promote, develop, extend and
      represent the Business of the Company and will at all times and in all
      respects conform to and comply with the directions and regulations made by
      the Owner Board or Superior Officers of the Company and also will not
      without the previous consent in writing of the Ownera Director duly
      authorised by Resolution of the Board:-

	 	(1) 	
      engage in any other business or

1

		(2) 	
      be concerned or interested in any other business of a
      similar nature to or competitive with that carried on by the
  Company

	 	 	 
	8. 	
      THE Officer will (in addition to the usual Public and
      Bank Holidays) be entitled to the number of weeks holiday in each year
      shown in the Schedule hereto such holiday to be taken at a time or times
      convenient to the Company. No more than two weeks holiday may be taken at
      any one time unless the Officer has obtained approval of a
  Director.

	 	 	 
		
      The Company's holiday year begins on 1 January and no
      holiday entitlement may be carried forward from one year to another but
      must be taken in the appropriate year. For service of less than one year
      holiday entitlement will accrue pro rata the number of calendar months of
      service completed

	 	 	 
	9. 	
      THE employment of the Officer hereunder will be
      determined forthwith by the Company without payment in lieu of notice
      if:-

	 	 	 
		(1) 	
      he is guilty of any gross default or misconduct in
      connection with or affecting the Business of the Company or any breach or
      non-observance of any of the terms and conditions herein
  contained;

	 	 	 
		(2) 	
      he becomes bankrupt;

	 	 	 
		(3) 	
      he shall be convicted of an indictable offence other than
      an offence under the Road Traffic Acts;

	 	 	 
		(4) 	
      he shall have been unable to fulfil his duties hereunder
      through illness or mental disability or other cause for an aggregate
      period exceeding 2 weeks in any period of 13 weeks or a consecutive period
      of 3 weeks;

	 	 	 
		(5) 	
      while he is a patient within the meaning of the Mental
      Health Act 1983;

	 	 	 
	11. 	
      THE Officer hereby agrees and undertakes with the Company
      that he will not either solely or jointly with or as employee or agent for
      any other person firm either directly or indirectly:-

	 	 	 
		(1) 	
      Reveal to any person firm company or third party
      whatsoever any of the trade secrets secret or confidential operations
      process of dealings or any other information concerning the organisation
      business finances transactions affairs suppliers or customers of the
      Company which may come to his knowledge and will keep with complete
      secrecy all confidential information entrusted to him and shall not use or
      attempt to use any such information in any manner which may injure or
      cause loss either directly or indirectly to the Company or its Business or
      may be likely to do so. This restriction will continue to apply after the
      termination of this Agreement without limit in point of time

	 	 	 
	 	(2) 	Within a period of six months after the termination of
      this Agreement (howsoever caused) in connection with any business similar
      to that carried on by the Company at the date of such termination solicit
      the custom of or deal with any person firm or company who at any time
      during the three years preceding such termination (or the Officer's
      employment hereunder whichever is the shorter) has been an Agent or Client
      of the Company or entice employees of the Company to be employed by him or
      to employ any person firm or company who at any time during the three
      years preceding such termination has been an employee of the
  Company.

	 	(3) 	
      Forthwith upon the termination of this Agreement
      (howsoever caused) deliver to the Company all documents including
      correspondence lists of customers notes memoranda plans drawings and other
      documents of what-so-ever nature made or compiled by him and concerning
      the business finances dealings transactions products or affairs of the
      Company. For the avoidance of doubt it is hereby

2

	 		
      declared that the property in all such documents as
      aforesaid shall at all times be vested in the Company

	 	 	 
	 	(5) 	
      Each of the above sub-clauses is given as a separate and
      distinct agreement and the invalidity or unenforceability of any one or
      more of the sub-clauses will not affect the validity or enforceability of
      the remainder

	12.1 	
      THE Officer AGREES that any invention discovery design or
      improvement made by him at any time since the commencement of his
      employment with the Company and/or during the continuance of his
      appointment hereunder and in any way connected with the Business or
      applicable to the products manufactured and/or sold by or the methods of
      manufacture of such products by the Company belongs to the Company and
      that he will forthwith disclose the same to the Company and
  that:-

	 	 	 
		(i) 	
      he will not without the written consent of the Company
      apply for Letters Patent in the United Kingdom or in any part of the world
      for any invention discovery design or improvement so made by
him;

	 	 	 
		(ii) 	
      he will if and whenever required so to do by the Company
      apply as nominee of the Company or join with it in applying for Letters
      Patent in the United Kingdom or in any other part of the world for any
      invention discovery design or improvement so made by him as the Company
      shall in its sole discretion decide and will at all times sign all such
      documents and do all such things as may be requisite and desirable to vest
      the said Letters Patent when granted and all the rights title and interest
      to and in the same in the Company absolutely as sole beneficial owner or
      as the Company may direct

	 	 	 
	12.2 	
      The Company will pay all expenses in connection with such
      applications for Letters Patent made by the Officer as nominee for or
      jointly with the Company pursuant to sub- clause (i) hereof and will hold
      him indemnified against all liabilities in connection with or arising out
      of such applications or Letters Patent when granted

	 	 	 
	12.3 	
      The expression "Letters Patent" in this Agreement shall
      mean and include letters patent brevet d'intervention petty patent
      gebrauchmuster utility model design registration or any other form of
      protection for any invention discovery design or improvement that can be
      obtained in the United Kingdom or in any other part of the world

	 	 	 
	13. 	
      PURSUANT to Section 3(1)(b)(ii) of the Employment Rights
      Act 1996 ("the Act") the Company hereby notifies the Officer should he
      have any grievance relating to his employment he should give notice in
      writing to the Board or their nominee for the time being setting out the
      details of such grievance. The Board of Directors' decision, or that of
      their nominee, in relation to such grievance will be final and binding and
      will be communicated to the Officer in writing

	 	 	 
	14. 	
      ANY notice hereunder may be served by sending the same
      through the post addressed in the case of the Company to its registered
      office for the time being and in the case of the Officer to his aforesaid
      address or such other address as he will have given to the Company for
      service upon him. Any notice served pursuant to this Clause shall be
      deemed to have been served twenty four hours after the time of posting by
      first class mail and service thereof shall be sufficiently proved by
      proving that the notice was duly dispatched through the post in a prepaid
      envelope addressed as aforesaid

	 	 	 
	15. 	
      THE employment of the Officer will also be subject to the
      terms set out in paragraph 2 of the Schedule hereto which is added in
      accordance with the requirements of the Act

	 	 	 
	16. 	
      The Owner shall indemnify and hold harmless the Officer
      from and against any judgments, losses, damages, liabilities, costs or
      expenses of any kind attributable to

3

		
      any employment in the Company arising from: (i) any
      breach or claimed breach of the Company representations and warranties;
      (ii) damage to the Company’s products (iii) any lawsuit resulting from
      disputes with clients or any other third parties (v) any third party claim
      or action brought against an Indemnified Party alleging that any Products
      or any portion thereof (a) infringes, misappropriates or violates in any
      manner, any Intellectual Property Right, right of publicity, right of
      privacy, moral right, or any other proprietary right of a third party; or
      (b) contains material or information that is fraudulent, deceptive,
      misleading, obscene, defamatory, trade libelous, libelous, slanderous, or
      unlawfully harassing or injurious, or is in violation of personal or
      property rights, regulation or law, or other common law or statutory
      rights.

	 	 
	17. 	
      ANY obligation or duty of the Officer in favour of the
      Company shall likewise be an obligation or duty of the Officer in favour
      of any associated or subsidiary company of the
Company

IN WITNESS whereof these presents have been executed the
day and year first above written

	SIGNED for and on behalf of 	  
	The Company 	/s/ Mark Christian Gebhard 
		 
	 	 
	Signed for and on behalf of 	/s/ Mark Christian Gebhard 
	The Owner 	power
      of attorney for Laura Mouck, ND Holdings 
	 	 
	SIGNED by the Officer 	 
	  	/s/ Lars Brannvall 

4

THE SCHEDULE

	 	The Company - 	
      COLOURED INDUSTRY LIMIITED whose registered office is at
      2nd Floor, 93a Rivington Street, London, EC2A 3AY 

	 	  	
       

	 	The Officer - 	
      Lars Brannvall, 7 Phyllis Hodges, Aldenham street, London
      NW1 1SN 

	 	  	
       

	 	The Owner - 	
      COLOUR INDUSTRY INC whose registered office is at FDICIC
      Building, Lower Factory Road, St. John’s, Antigua 

	 	  	
       

	 	The Business - 	
      The exploitation of the Colour Industry mobile gaming
      applications 

	 	  	
       

	 	The Premises - 	
      To be determined 

	2. 	
      In accordance with Section 1(4) of the Act the following
      terms of the Officer's employment apply on the date of the Agreement to
      which this is a schedule

	 	
       
	
       
	
       

		
      (a) 
	
      Date of commencement of employment with the Company:
      August 15th , 2003.

	 	
       
	
       
	
       

		
      (b) 
	
      Job title: Managing Director

	 	
       
	
       
	
       

		
      (c) 
	
      Remuneration: £24,000 per annum paid monthly, plus
      participation in the Company’s option scheme. The option scheme will be
      negotiated in a separate agreement. After 90 days the remuneration package
      will be reviewed and a private health care plan will be made
    available

	 	
       
	
       
	
       

		
      (d) 
	
      Hours of work: 9.00am - 6.00pm, Monday to Friday
      (inclusive) less one hour for lunch but the Officer may be required to
      work outside these hours without additional payment at Company's
      discretion and at such other premises as the Board may direct

	 	
       
	
       
	
       

		
      (e) 
	
      Holidays: the Officer is entitled to 4 weeks holidays
      with pay on a pro rata basis during the first year of the
  employment

	 	
       
	
       
	
       

		
      (f) 
	
      Specific responsibilities:

	 	
       
	
       
	
       

			
      3.1. 
	
      Use best effort to ensure the exploitation of the
      Tracksys application

			
      3.2. 
	
      Hire, maintain and motivate a sales team in accordance
      with the budget and current forecast

			
      3.3. 
	
      Work with the attorney and accountant to ensure proper
      company documentation

			
      3.4. 
	
      Produce an annual budget and business plan for Board
      approval by agreed dates.

			
      3.5. 
	
      Ensure adequate cash flow for smooth running of the
      business

			
      3.6. 
	
      Aim to achieve the targeted profitability as reflected in
      the budget

			
      3.7. 
	
      Present to the Board on a monthly basis the past month’s
      activities, results and an updated forecast

			
      3.8. 
	
      Maintain and monitor the service level agreements to
      ensure adherence to contract

			
      3.9. 
	
      Act in good faith as a consultant to the Company in the
      Company's best interests;

			
      3.10. 
	
      Carry out any other duties reasonably required by the
      Company befitting to the Consultant's status and which are in
  the

5

Company reasonable opinion
complementary to or beneficial for the proper fulfilment of his duties
hereunder. 

	 	(g) 	
      Sickness or injury: If you are absent from work on a day
      on which you are required to be available for work you must in the morning
      of the first day of absence telephone or arrange for a friend or relative
      to telephone the Board's nominee. If absent for more than one day but less
      than 7 days a "self- certificate" must be produced. This will comprise of
      notification in writing giving wherever possible details of symptoms. If
      absent for more than 7 days a Doctor's certificate must be
  produced.

	 	 	 
	 		
      Qualifying days for which statutory sick pay will be
      payable are days of the working week on which you are required by this
      Contract to be available for work

	 	 	 
	 		
      The Company operates its own sick pay schemes as well as
      the SSP scheme and the qualifying periods of service and scale of
      benefits

	 	Continuous Service 	Payment during illness 
	 	  	  
	 	 Up to 6 months 	Nil 
	 	 6-12 months 	1 week on full pay 
	 	 1-4 years 	2 weeks on full pay 
	 	 4 plus years 	4 weeks on full pay 

The above voluntary payments are
inclusive of SSP

Odd days reported sickness will count
towards the total paid absence allowed each year

	 	(h) 	 Notice:

	 	 	 
	 		 Subject to the provisions of Clause 9

	 	 	(i) 	By the Company and Officer where the employment has lasted:-

1 week – 3
months             -
1 week
 3 months
+                          -
30 days

In accordance with Section 197(3) of
the Act the Officer waives his right or entitlement to any payment under that
Act in respect of the termination of his appointment hereunder by effluxion of
time

The Officer hereby agrees that no
claim or rights shall arise in relation to this Agreement under Section 94 of
the Act in respect of the termination of his appointment hereunder by effluxion
of time

In the event that the Company provides
written notice to the Officer the Company may elect to terminate the employment
of the Officer immediately with pay

	3. 	
      The following information is supplied pursuant to the Act
      and reflects the Company's current practice

	 	 	 
		(a) 	
      Disciplinary rules - You are subject to the directions of
      the Board or its nominee

	 	 	 
		(b) 	
      Grievance procedure - See Clause 13

	 	 	 
		(c) 	
      Appeals procedure - None

6

	 	(d) 	
      Pensions - a contracting-out certificate is not in force
      in respect of this employment - State scheme applies.

	 	 	 
	 	(e) 	
      Union Membership - No
restrictions

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]