Document:

EXHIBIT 10

EXHIBIT 10.35

Mr. Jonathan Hintz

October 14th, 2005

Vice President - Operations

WindStor

37889 Twelve Mile Road

Farmington Hill, MI  48331

WindStor Wind Turbine – 200 Kw Design, Analysis, Optimization, and Engineering Service Provider (ADSC Quotation # 5160-0)  

Analytical Design Service Corp. is pleased to provide this proposal for engineering services in regards to the WindStor 200 Kw Wind Turbine.

Scope of work

ADSC will provide engineering services addressing the 91 item design matrix reviewed in our October 7th, 2005 meeting, the Scope of Work, copies of which are attached to this letter agreement and made a part hereof.  Line items 62 and 63, in regards to the heated blade inserts will need additional research and will be addressed later in the design and analysis process and are not included in this proposal.

Delivery

ADSC will start work immediately after execution of this agreement and receipt of all other necessary information provided by WindStor.  This will include CAD or design files, 100Kw WWT design and development reports, any testing or analysis reports, and individual component manufacturing specifications.  Initial analysis results of the current 100 Kw design, PE certification, optimization, and design / detailing of the 200 Kw design for fabrication will be provided by ADSC within 60 days from receipt of the purchase order.

Costs

Costs for professional services, computer time, software, reports, and other miscellaneous items totals $198,600.00.  An initial $50,000.00 will be required at start with another $50,000.00 payment after 30 days.  Upon substantial completion, the balance of $98,600.00 will be due.  Note that $48,600.00 of the 

final balance can be paid via stock.  Travel is not included in the base proposal and will be billed at cost after approved by WindStor in advance, on as needed basis.

In addition, ADSC would like to target a 5 year exclusive agreement with WindStor whereby ADSC will not do similar mechanical design and structural engineering services for any other company which sells or leases, or which sells electric power from, a wind turbine.  Future annualized engineering costs (mechanical and structural) could be structured based on the revenue performance of WindStor and our ability to continually improve the WindStor Wind Turbine.  Our commitment is to a long term partnership focusing on continuous improvement and profitability for both organizations.

Each new project will be evidenced by a purchase order, issued by WindStor and accepted by us, setting forth the work to be done, the time schedule, the compensation for the work to be done and such other items as the parties might include.  The work to be done under this letter agreement, including all future projects, will be governed by the Master Terms and Conditions which are attached to this letter.

We appreciate the opportunity to provide this proposal and concepts to WindStor.  We look forward to the opportunity to further discuss this win / win relationship and how to structure the contract.  I’m confident our collaborative efforts will pay dividends for future success.

Sincerely,

Michael Holmes

Business Development Manager

Accepted:

 

WindStor Power Co.

/s/ Doris F. Galvin

By: Doris F. Galvin

Its:  President

Master Terms and Conditions

These Master Terms and Conditions are an addendum to the Letter Agreement dated October 14, 2005 between ANALYTICAL DESIGN SERVICE CORPORATION (ADSC) and WINDSTOR POWER CO. (WindStor). These Master Terms and Conditions shall govern the relationship between the parties under the Letter Agreement and all future relationships between the parties as evidenced by accepted purchase orders.

1.

Confidential Information shall mean any and all information and proprietary products transferred by WINDSTOR to ADSC including all information relating to patent rights owned or held by WINDSTOR, its parent company or any brother-sister company including granted patents and any patent applications whether foreign or domestic together with all registrations, provisional applications, divisionals, continuations, continuations in part, re-examinations and re-issues which are issued or published during any period of time during which ADSC is rendering consulting services to WINDSTOR and any and all technical data and/or specifications, designs, drawings, engineering information, process or production information, formulas, information on compositions of matter, techniques or methods, software or computer programs and proprietary tools disclosed or transferred by WINDSTOR to ADSC including trade secrets.  

2.

The parties understand and agree that WINDSTOR has spent significant amounts of time and money developing the technology used in the design and construction of WINDSTOR’s vertical axis wind turbine and the proprietary system integrator and controller.  The parties also understand that this technology, its improvements and trade secrets are not available to the general public or to others in the industry and that ADSC and its employees will be privileged to this information and that WINDSTOR’s business would be irreparably and greatly damaged by the use of this information other than for the purposes of giving consulting services to WINDSTOR.  Accordingly, ADSC agrees that during the term of this agreement and thereafter ADSC, its agents and employees will not disclose any Confidential Information concerning any of WINDSTOR’s technologies and that ADSC shall not for any reason allow any programs, figures, calculations, letters, papers, drawings, process descriptions or copies thereof or other Confidential Information be released to any person other than an authorized employee of WINDSTOR or ADSC.  The parties understand and agree that protection of WINDSTOR’s Confidential Information, proprietary processes and trade secrets is an essential and material part of this agreement and that WINDSTOR’s business will be irreparably damaged by breach of any of the provisions of this paragraph and that WINDSTOR may in the event of any such breach seek injunctive relief as well as such other remedies as are consistent with the terms and conditions of the agreement between the parties.  

3.

The obligations set forth in paragraph 2 above shall not apply to information that on the date of disclosure is in the public domain, information that is published or otherwise becomes part of the public domain through no fault of ADSC after the date of the disclosure, information that is already known and in the possession of ADSC on the date of disclosure hereunder as evidenced by written records, information that is independently developed by ADSC, information that ADSC can show is received by it after the date of disclosure hereunder from a third party who did not receive such information under an obligation of confidentiality, or information that ADSC is required to disclose to a third party by virtue of a court order or statutory obligation provided that notice is given by ADSC to WINDSTOR reasonably.  

4.

Upon receiving Confidential Information from WINDSTOR, ADSC shall:

A.

take reasonable security precautions at least as great as the precautions it takes to protect its own confidential information but no less than reasonable care to keep confidential the Confidential Information of WINDSTOR.

B.

permit WINDSTOR’s Confidential Information to be viewed only by employees of ADSC who have a need to know such Confidential Information and who have been advised by ADSC of ADSC’s obligations of confidence in respect of WINDSTOR’s Confidential Information.

C.

permit a reasonable number of copies of WINDSTOR’s Confidential Information to be made but only to be viewed or used by ADSC employees and only if a log of all copies is maintained.

D.

take all reasonable measures to keep WINDSTOR’s Confidential Information in the strictest confidence and not disclose it to others, and

E.

if WINDSTOR’s Confidential Information is in digital form and if the Confidential Information is copied onto a hard disk or other form of computer-executable media, keep secure that media and allow access to that media only by ADSC employees.

5.

The parties acknowledge that all Confidential Information shall remain the property of WINDSTOR and no license, express or implied, under any patent or other intellectual property right is granted by WINDSTOR to ADSC under this agreement.  All processes, products, procedures and trade secrets developed by or for WINDSTOR or that arise in the future during the course of work conducted on behalf of WINDSTOR by ADSC shall be the property of WINDSTOR including any improvements made to any of the processes, procedures and patentable inventions which comprise the Confidential Information of WINDSTOR.

6.

ADSC will not compete with WINDSTOR POWER CO. or circumvent WINDSTOR’s relationship with its vendors or suppliers any time during their relationship or for a minimum of five years upon termination of any relationship between the parties.  

7.

ADSC will fully cooperate with WINDSTOR in applying for and securing in the name of WINDSTOR or its designee a patent or patents with respect to any of the processes, products, procedures and/or trade secrets developed by or for WINDSTOR including any improvements in each country in which WINDSTOR may desire to secure patent protection.  ADSC will promptly execute all proper documents presented to it for signature by WINDSTOR to enable WINDSTOR to secure such patent protection and to transfer legal title therein together with any patents that may be issued thereon to WINDSTOR.

Dated: October 14, 2005.  

Accepted:

ANALYTICAL DESIGN SERVICE CORPORATION

By:Michael Holmes

Michael Holmes

Its:

Business Development Manager

WINDSTOR POWER CO.

By:Doris F. Galvin

Doris F. Galvin

Its:

PresidentEXHIBIT
10.1

THIS PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “ACT”), OR UNDER ANY APPLICABLE STATE OR
FEDERAL SECURITIES LAW. NO OFFER, SALE, TRANSFER, PLEDGE, HYPOTHECATION OR
OTHER DISPOSITION OF THIS PROMISSORY NOTE MAY BE MADE UNLESS THIS
PROMISSORY NOTE IS REGISTERED UNDER THE ACT AND ANY OTHER APPLICABLE SECURITIES
LAW, OR AN EXEMPTION FROM ANY SUCH REGISTRATION REQUIREMENTS IS APPLICABLE TO
SUCH TRANSACTION.

THIS PROMISSORY NOTE IS BEING EXECUTED AND DELIVERED IN CONNECTION WITH
THE AGREEMENT AND PLAN OF MERGER (THE “MERGER AGREEMENT”) BY AND AMONG TUCOWS
(DELAWARE) INC., TUCOWS (NEVADA) INC., MAILBANK.COM, INC., RAWLEIGH H. RALLS,
AS THE STOCKHOLDERS’ REPRESENTATIVE, THE STOCKHOLDERS IDENTIFIED ON THE SIGNATURE
PAGE THEREOF AND, SOLELY WITH RESPECT TO SECTION 11.4, TUCOWS INC.

PROMISSORY
NOTE

Principal
Amount: $6,000,000.00                                                                                                                      Date:
June 19, 2006

FOR
VALUE RECEIVED, TUCOWS (DELAWARE) INC., a Delaware corporation (the “Company”),
promises to pay to Rawleigh H. Ralls, as Stockholders’ Representative under the
Merger Agreement (“Payee”), at 744 Spruce Street, Boulder, CO  80302 or such other place as may be
designated in writing by Payee at least seven days prior to any payment, the
principal sum of Six Million Dollars ($6,000,000.00) (the “Principal Amount”)
in accordance with the terms of this Promissory Note. The Principal Amount is
subject to deferral and reduction pursuant to Section 6 below.

SECTION 1.   Principal and Interest Payments.
Interest shall accrue on the Principal Amount outstanding from time to time at
a simple rate per  annum
equal to seven percent (7%) and all such accrued interest shall be payable
quarterly in arrears beginning October 1, 2006 and the first business day
of each of the months of January, April, July and October thereafter
(each, an “Interest Payment Date”). The Principal
Amount, together with all accrued and unpaid interest, shall be payable on the
second anniversary of the date hereof. The Principal Amount is subject to
deferral and reduction pursuant to Section 4 below. Any such deferrals and
reductions in principal shall be applied against the earliest next unpaid
installment payment in the Principal Amount hereunder. If any payment date is
not a day on which banks in Wilmington, Delaware are open for business, such
payment shall become due on the next succeeding day on which banks in such
states are open. All payments under this Promissory Note shall be paid by check
or wire transfer of immediately available funds in lawful money of the United
States of America on the date when due to an account designated in writing by
Payee. Interest shall be calculated on the basis of a 360-day year
consisting of twelve 30-day months in accordance with the terms set forth
below in this Promissory Note.

SECTION 2.   Voluntary
Prepayment. The Company may prepay this Promissory Note in full or in part
without premium or penalty. Any such prepayments shall first be applied against
accrued interest and thereafter against any unpaid Principal Amount.

SECTION 3.   Default.
The entire principal amount of, and all accrued interest on, this Promissory
Note shall become due and payable, at the option of Payee exercised by written
notice to the Company if any one or more of the events specified in Section 3(a) shall
have occurred and be then continuing, and immediately upon the occurrence of
any of the events specified in Sections 3(b) or 3(c) below (each of
the events specified in Sections 3(a) through 3(c), inclusive, being
referred to herein as an “Event of Default”):

 

(a)    The
Company shall fail to make any payment required to be made under this
Promissory Note within ten (10) days after its receipt of notice from
Payee that any such required payment has not been made;

(b)    The
Company shall (i) commence a voluntary case under the Bankruptcy Code of
1978, as amended, or other federal bankruptcy law (as now or hereafter in
effect); (ii) file a petition seeking to take advantage of any other laws,
domestic or foreign, relating to bankruptcy, insolvency, reorganization,
winding up or composition for adjustment of debts; (iii) consent to or
fail to contest in a timely manner any petition filed against it in an
involuntary case under such bankruptcy laws or other laws; or (iv) apply
for or consent to, or fail to contest in a timely manner, the appointment of,
or the taking of possession by, a receiver, custodian, trustee, or liquidator
of itself or of a substantial part of its property, domestic or foreign; or 

 

(c)    a case or
other proceeding shall be commenced and not discharged, dismissed or stayed
within thirty (30) days, against the Company in any court of competent
jurisdiction seeking (i) relief under the Bankruptcy Code of 1978, as
amended or other federal bankruptcy law (as now or hereafter in effect) or under any other laws,
domestic or foreign, relating to bankruptcy, insolvency, reorganization,
winding up or adjustment of debts or (ii) the appointment of a trustee,
receiver, custodian, liquidator or the like for the Company or all or any
substantial part of the assets, domestic or foreign, of the Company.

SECTION 4.   Deferral
and Reduction in Principal Amount.

(a)    Deferral
of Principal Amount. The Principal
Amount is subject to deferral for any amount that may be owing, and to
reduction for any amount that is agreed by the Company and Payee to be owing,
by a Stockholder (including a Principal Stockholder) (as defined in the Merger
Agreement) to the Company or another Parent Indemnitee under the Merger
Agreement. In the event that the Company has delivered a Notice of Claim under Section 9.3
of the Merger Agreement (the “Claim”), the Company shall send a notice to Payee
in the form attached hereto as Annex A (the “Preliminary
Notice”). Upon receipt of the Preliminary Notice by Payee, upcoming principal
payment obligations under this Promissory Note shall be deferred in an amount
equal to the amount of the Claim until resolution of the matter described in
the Preliminary Notice. Provided, however, that interest shall continue to
accrue on the outstanding principal balance due hereunder, including any such
amount subject to a Claim, following a Preliminary Notice. In the event an
Interest Payment Date arises prior to final resolution of a Claim, whether by
receipt of a Final Notice (as defined below), the Company shall continue to
make interest payments in accordance with SECTION 1 above on the full
amount of the unpaid principal hereof, including any amount of principal
deferred as a result of the delivery of a Preliminary Notice.

(b)    Reduction of Principal Amount by Mutual Agreement. Following receipt of a Preliminary Notice, Company and
Payee shall resolve the Claim in accordance with Article IX 8 of the
Merger Agreement. Once any such claim has been resolved, and in accordance with
the relevant provisions of Article IX of the Merger Agreement, the Company
shall promptly send a second notice to Payee in the form attached hereto as Annex B (the “Final Notice”). Upon acceptance of the Final
Notice by Payee, which acceptance shall not be unreasonably withheld, the
Principal Amount shall be reduced by the amount of the claim set forth in the
Final Notice accepted by Payee. If the Principal Amount deferred pursuant to
the Preliminary Notice was greater than the agreed reduction to the Principal
Amount in respect of the Claim and the date for payment of the same has passed,
the amount of such excess shall be paid to Payee upon Payee’s acceptance of the
Final Notice.

SECTION 5.   Notices.
All communications provided for in this Promissory Note shall be in writing and
sent (a) by first class registered or certified mail, return receipt requested
(postage prepaid), (b) by a recognized overnight delivery service (charges
prepaid), or (c) by messenger (charges prepaid). The address of the
Company for the purposes of this Promissory Note is set forth on the signature page to
this Promissory Note and the address of Payee for purposes of this Promissory
Note shall be 744 Spruce Street, Boulder, CO 
80302 or such other address as Payee shall have provided to the Company
in writing. Each of the Company and Payee may change its address by notice to
the other in accordance with this Section 5. Communications under this
Promissory Note shall be deemed received (i) in the case of mailing, on
the third business day after posting; (ii) in the case of overnight
delivery service, the first business day after delivery to the overnight
delivery service; and (iii) in the case of messenger, on the date of
actual delivery.

 

 

SECTION 6.   Binding
Effect; No Assignment. This Promissory Note is being executed and delivered
in connection with, and is subject to, the Merger Agreement. This Promissory
Note may not be assigned by the Company or Payee without the prior written
consent of the other party.

SECTION 7.   Governing
Law. This Promissory Note shall be governed by the laws of the State of
Delaware without giving effect to the choice of law rules of Delaware or
any other jurisdiction.

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

 

IN WITNESS
WHEREOF, the Company has caused this Promissory Note to be executed on the date
first above written.

 

	
   

  	
  TUCOWS (DELAWARE) INC.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ ELLIOT NOSS

  
	
   

  	
   

  	
   

  
	
   

  	
  Name: Elliot Noss

  
	
   

  	
   

  
	
   

  	
  Title: President

  
	
   

  	
   

  
	
   

  	
  Address for Notices

  
	
   

  	
   

  
	
   

  	
  Tucows Delaware Inc.

  
	
   

  	
  c/o Tucows Inc.

  
	
   

  	
  96 Mowat Avenue

  
	
   

  	
  Toronto, Ontario M6K 3M1

  
	
   

  	
  Canada

  
	
   

  	
  Attn: Chief Executive Officer

  
	
   

  	
  Facsimile:

  
	
   

  	
   

  
	
   

  	
  With a required copy (which shall not constitute

  
	
   

  	
  notice) to

  
	
   

  	
  Morgan, Lewis & Bockius LLP

  
	
   

  	
  1701 Market Street

  
	
   

  	
  Philadelphia, Pennsylvania 19103

  
	
   

  	
  Attn: Joanne R. Soslow, Esquire

  
	
   

  	
  Facsimile: 215.963.5001

  

 

	
  ACCEPTED AND AGREED

  	
   

  
	
  as of the date
  first set forth above

  	
   

  
	
   

  	
   

  
	
  STOCKHOLDERS’
  REPRESENTATIVE

  	
   

  
	
   

  	
   

  
	
  /s/ RAWLEIGH H.
  RALLS

  	
   

  
	
  Name: Rawleigh
  H. Ralls

  	
   

  

 

 

 

Annex A

Form of
Preliminary Notice

[                        ]

Stockholders’
Representative

[address]

[DATE]

	
  Re:

  	
  Promissory Note, dated June      
  , by Tucows (Delaware) Inc.

  
	
   

  	
  (the “Company”) to [            ],
  as Stockholders’ Representative (the “Promissory Note”)

  	
   

  

 

Dear [                     ]:

This Preliminary Notice
is being submitted in accordance with Section 4(a) of the Promissory
Note. The Company certifies that it has delivered a Notice of Claim under and in
accordance with Article IX of the Merger Agreement, and a copy of which is
annexed hereto. As provided for in Article IX of the Merger Agreement, the
amount or the Company’s reasonable good faith estimate (to the extent currently
feasible) of the amount that is the subject of the Claim Notice is $[                     ],
and upcoming principal payment obligations under the Promissory Note shall be
deferred in such amount until resolution of the Claim.

Capitalized terms used
herein and not defined herein shall have the meaning given to such terms in the
Merger Agreement.

 

	
  TUCOWS (DELAWARE) INC

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

 

 

Annex B

Form of Final
Notice

[                        ]

Stockholders’
Representative

[address]

[DATE]

	
  Re:

  	
  Promissory Note, dated June    ,
  by Tucows (Delaware) Inc.

  
	
   

  	
  (the “Company”) to
  [                     ],
  as Stockholders’ Representative (the “Promissory Note”)

  	
   

  

 

Dear [                     ]:

This Final Notice is
being submitted in accordance with Section 4(b) of the Promissory
Note and the Preliminary Notice, dated [                     ],
a copy of which is attached hereto. The claim described in the Preliminary
Notice has been resolved, and we have agreed that the Principal Amount under
the Promissory Note is hereby reduced by $[                     ]
as a result thereof. [If applicable: Since the Principal Amount deferred
pursuant to the Preliminary Notice was greater than the agreed reduction to the
Principal Amount in respect of the Claim, upon your acceptance of this Final
Notice we will pay you the amount of such excess.]

Capitalized terms used
herein and not defined herein shall have the meaning given to such terms in the
Merger Agreement.

	
  TUCOWS (DELAWARE) INC

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

	
  ACCEPTED AND AGREED

  	
   

  
	
  as of the date
  first set forth above

  	
   

  
	
   

  	
   

  
	
  STOCKHOLDERS’
  REPRESENTATIVE

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Name:

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