Document:

Exhibit 4.17

Exhibit 4.17

 

ASSIGNMENT OF AHLA AGREEMENT

 

This Agreement made as of the 1st day of May, 2008.

 

BETWEEN:

 

 

		
AMERICAN HOTEL & LODGING EDUCATION INSTITUTE 

(hereinafter called the "EI")

 

- and –

 

 

GLOBAL EDUCATION IN TOURISM LTD. 

(hereinafter called the "Assignor")

 

 

- and –

 

 

CIBT EDUCATION GROUP CORP. 

(hereinafter called the "Assignee")

 

 

	

OF THE FIRST PART

 

 

 

 

 

OF THE SECOND PART

 

 

 

 

OF THE THIRD PART

WHEREAS:

 

A.            By an License Agreement made April 16, 2007 (the "License Agreement") originally between The Education Institute Of The American Hotel & Lodging Association and now known as EI and Assignor , EI agreed, inter alia, to grant the Assignor a license to use and market certain products on terms and conditions more particularly described therein.

 

B.            The Assignor wishes to assign the License Agreement and all rights thereunder to the Assignee for the remainder of the term of the License Agreement which expires on November 30th, 2012.

 

C.            The License Agreement contains a prohibition against assignment or subletting of the License Agreement by Assignor without first obtaining the consent of EI in writing thereto.

 

D.            The Assignor has requested that EI consent to this Assignment.

 

NOW THEREFORE in consideration of the consent of EI and the covenants and agreements of the Assignor and the Assignee hereinafter contained, the parties hereto covenant and agree with each other as follows:

 

1.             ASSIGNMENT

 

1.1          The Assignor hereby grants and assigns to the Assignee the License Agreement and all rights, benefits and interest granted to the Assignor in the License Agreement.

 

1.2          Subject to EI's consent as set out herein, the Assignor has the right, power and authority to assign the License Agreement and all other rights of Assignor thereunder free and clear of all liens, charges or other encumbrances.

 

1.3          The Assignor hereby indemnifies and agrees to save harmless the Assignee from all actions, suits, costs, losses, charges, demands and expenses for and in respect of any non-fulfillment of the obligations of Assignor under the License Agreement that have accrued or occurred up to the date hereof including any costs or expenses in respect thereof.

 

 

 

 

1.4          The Assignor shall from time to time, at the request and cost of the Assignee, execute such further assurances as the Assignee shall reasonably require.

 

1.5          The Assignee will save the Assignor harmless from all actions, suits, costs, losses, charges, demands and expenses with respect to the non-fulfilment of any of Assignor's obligations under the License Agreement accruing or occurring after the date hereof including any costs or expenses in respect thereof.

 

2.            EI’S CONSENT

 

2.1          EI hereby consents to the assigning of the License Agreement for the unexpired residue of the Term of years granted under the License Agreement on and subject to the terms and conditions hereinafter contained.

 

2.2          [Sprott-Shaw Degree College Corp. hereby guarantees the performance of all obligations and liabilities of Assignee hereunder and under the License Agreement].

 

2.3          This consent is not, and shall not be construed as, a consent to anything other than the particular assigning by Assignor described above. This consent and the assignment of the License Agreement shall not relieve Assignor of any obligations or liabilities under the License Agreement, each of which survive assignment and shall remain in full force and effect, enforceable by EI.

 

2.4          EI hereby represents as of the date hereof to the Assignee that there is no default under the License Agreement by EI and EI is not aware of any default or breach by Assignor of its obligations under the License Agreement and that there are no monies currently owing by the Assignor to EI under the License Agreement.

 

3.            ASSIGNOR'S COVENANTS

 

3.1          Assignor hereby covenants with the Assignee that the License Agreement has not been amended and that the License Agreement is in full force and effect and in good standing with no default thereunder on the part of either Assignor or EI.

 

4.            ASSIGNEE'S COVENANTS

 

4.1          The Assignee covenants to EI that the Assignee (as fully and completely as if the Assignee had originally executed the License Agreement as Assignor under such License Agreement) shall:

 

(a)           duty and punctually pay all amounts payable by Assignor pursuant to the terms of the License Agreement; and

 

(b)           completely and punctually perform all of the terms, covenants, conditions and agreements contained on the part of Assignor pursuant to the terms of the License Agreement.

 

4.2          The Assignee covenants to EI that EI shall have the same rights and remedies with respect to the Assignee as EI has, or shall have, with respect to Assignor pursuant to the terms of the License Agreement.

 

 

4.3          The Assignee acknowledges it has made whatever adjustments that are necessary with Assignor The Assignee covenants to EI that all business and operations of the License Agreement will remain unchanged from the current business and operations performed by the Assignor and that the Assignor, in particular, Roxanne Ang, has entered into an Employment Agreement with the Assignee for a period of five years commencing May 1, 2008 and will continue to be responsible for the business and operations of the License Agreement.

 

5.            GENERAL PROVISIONS

 

5.1          The liability of Assignor and Assignee to EI hereunder shall be joint and several.

 

5.2          The License Agreement shall be varied and amended so as to comply with the intention of this Agreement, provided however, that in all other respects the License Agreement is to remain in full force and effect and is hereby ratified and confirmed.

 

5.3          This Agreement shall not be changed, modified, discharged or terminated in any manner, except by an agreement, in writing, signed by the parties hereto or their respective successors and assigns.

 

5.4          This Agreement and everything herein contained shall enure to the benefit of the parties hereto, their respective heirs, executors, administrators, successors and permitted assigns and shall be binding upon the parties hereto, their respective heirs, executors, administrators, successors and assigns.

 

5.5          Any notice, request or demand given hereunder shall be sufficiently given if personally delivered or if mailed by registered mail, return receipt requested, addressed as follows:

 

To EI:

 

To Assignee:

Unit 1200, 777 West Broadway 

Vancouver, BC, V5Z 4J7

Attn:

 

or such other address of which notice is given as aforesaid by any party to each of the other parties. Any notice given as aforesaid shall be conclusively deemed to have been given on the date of personal delivery or on the third (3rd) business day following the date on which such notice is mailed as aforesaid.

 

5.6          This Agreement may be signed by the parties in as many counterparts as may be necessary and by facsimile transmission or other means of electronic communication producing a printed copy, each of which so signed shall be deemed to be an original, and such 

 

 

counterparts together shall constitute one and the same instrument and notwithstanding the date of execution shall be deemed to bear the date first set forth above.

 

IN WITNESS WHEREOF the parties hereto have executed this Agreement.

 

 

THE AMERICAN HOTEL & LODGING

EDUCATION INSTITUTE

 

Per: /s/ Roy Kennington, President and COO

Authorized Signatory

 

GLOBAL EDUCATION IN TOURISM LTD.

 

Per:________________

Authorized Signatory

 

 

CIBT EDUCATION GROUP CORP.

 

Per:"signed"_________

Authorized Signatory

 

 

SPROTT-SHAW DEGREE COLLEGE CORP.

 

Per:"signed"_________

Authorized Signatory

 

 

counterparts together shall constitute one and the same instrument and notwithstanding the date of execution shall be deemed to bear the date first set forth above.

 

IN WITNESS WHEREOF the parties hereto have executed this Agreement.

 

THE AMERICAN HOTEL & LODGING

EDUCATION INSTITUTE

 

Per: /s/ Roy Kennington, President and COO

Authorized Signatory

 

GLOBAL EDUCATION IN TOURISM LTD.

 

Per:"signed"_________

Authorized Signatory

 

 

CIBT EDUCATION GROUP CORP.

 

Per:_________________

Authorized Signatory

 

 

SPROTT-SHAW DEGREE COLLEGE CORP.

 

Per:_________________

Authorized SignatoryExhibit 4.18

Exhibit 4.18

WEIFANG UNIVERSITY AND CIBT CANADIAN INSTITUTE OF BUSINESS AND

TECHNOLOGY CORP. AGREEMENT TO ESTABLISH CIBT BEIHAI INTERNATIONAL

 

MANAGEMENT SCHOOL

 

 

Party A: Weifang University (WFU)

 

Address: 149 E. Dongfeng Street, Weifang, Shandong Province, PR China 

 

Party B: CIBT Canadian Institute of Business and Technology Corp. (CIBT) 

 

Address: 1200 — 777 W. Broadway, Vancouver, B.C. Canada V5Z 4J7

 

 

Party A and Party B have had sufficient consultation and are both in agreement to cooperate, and intend to cooperate as follows:

 

1. About Cooperation

Both parties, through cooperation, would together establish "CIBT Beihai International 

Management School", launch internationally partnered educational programs, bring in advanced teaching concepts, course curricula and materials, qualified instructors and management framework, etc., to enhance teaching standards.

•           Nature: CIBT Beihai International Management School is a prestigious learning ground, internationally partnered by Weifang University and CIBT Canadian Institute of Business and Technology Corp.

•           Mission: To nourish and develop Chinese talents capable of working in the global economy, and to contribute to the international expansion of Weifang University and CIBT Canadian 

 

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Institute of Business and Technology Corp.; and subject to permissions granted from policy and regulations, bring benefits of all kinds to the both parties.

•           Positioning: CIBT Beihai International Management School is situated in Weifang, and positions itself as a secondary college of Weifang University incorporated in Weifang University's overall planning. Like all other WFU colleges and departments, CIBT Beihai International Management School conducts education and instruction activities under the general guidance of Weifang University.

•           Legal Status: To maximize the benefits of such internationally partnered venture, CIBT Beihai International Management School owns a board of directors. CIBT Beihai International Management School management team reports to the board of directors and at the same time, reports to Weifang University as a secondary college.

•           Board of Directors: CIBT Beihai International Management School has 7 board members with three of them from Weifang University and four from CIBT;

•           Management: Management personnel for CIBT Beihai International Management School are all hired from within Weifang University and other places. These managers are not counted in Weifang University personnel quota.

 

2. Cooperation Details

Presently, the two parties plan to cooperate on the following programs:

n         Bachelor degree programs from Western International University (WIU) of Apollo Group, USA;

n         Masters degree programs from Western International University (WIU) of Apollo Group, USA;

 

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n         Bachelor degree programs from ITT, USA;

n         MBA program from City University, USA;

n         Cooperative bachelor degree programs with other countries.

 

3. Roles and Responsibilities

Party A -- Weifang University

1. Agrees to transfer 60% ownership of its subsidiary, Beihai College, to CIBT and rename the college as CIBT Beihai International Management School. Agrees to transfer the existing Beihai College students to CIBT Beihai International Management School temporarily, with the tuition remaining unchanged. Is responsible for applying to the related Chinese government agencies, administering all necessary procedures for CIBT Beihai International Management School, harmonizing the relationship with government agencies and other organizations, and submitting any projects and programs that are beneficial to the development of CIBT Beihai International Management School to related government agencies.

2. Starting from the year 2005, an active role will be taken in rallying support from Shandong Provincial Ministry of Education. Will progressively obtain 600 to 1000 student enrollment quota (half for associate degree students and half for bachelors degree students, adjustment in this matter can only be made with the approval of two parties), the tuition will be in consensus with the rates for internationally partnered educational programs. When the time is right, to assist CIBT Beihai International Management School in applying for authority to deliver related masters degree programs.

 

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3. Assists CIBT Beihai International Management School by coordinating implementation and management of teaching activities and providing supervision and guidance to maintain teaching qualities.

4. Depending on the scale of CIBT Beihai International Management School, is responsible to provide CIBT Beihai International Management School with sufficient area (2,000 to 8,000 square meters) to use, length of time for usage being seven years. Subject to approval from the two parties, the usage time may be extended to ten years. Students from CIBT Beihai International Management School are permitted to use the cafeteria, dormitory, library, physical educational center, etc. and to enjoy the same benefits as Weifang University students. Also responsible for providing the instructors and management personnel of CIBT Beihai International Management School the necessary working and living conditions and facilities.

5. Based on the development of CIBT Beihai International Management School, agrees to make further investment for future expansion. The investment is in the form of land and facilities and is made in proportion to ownership.

6. Is responsible, upon completion of programs, to award students with the corresponding Chinese academic degrees.

Party B — CIBT Institute of Business and Technology Corp.

1. To invest in cash and equipment as needed during the development of CIBT Beihai International Management School, including the cash and equipment investment worth of RMB 5 million in exchange for 60% ownership of CIBT Beihai International Management School. The investment will be made in phases within the six months after the formal agreement is signed.

 

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2. Subject to CIBT Beihai International Management School's development, to make further investment in the form of cash and equipment for expansion purposes. The investment will be made in proportion with the percentage of ownership.

3. To assist CIBT Beihai International Management School in raising fund from the international market through financing activities, to ensure the school has sufficient capital to further expand into a China-wide network that is characterized by international education and online education.

4. Before CIBT Beihai International Management School assumes an independent legal entity status, the investment made and the equipment purchased by Party B belongs to Party's B's representative organizations in China. After CIBT Beihai International Management School assumes an independent legal entity status, Party B agrees to transfer the above ownership to CIBT Beihai International Management School.

5. Is responsible for brining in foreign advanced educational programs, program design, course curricula, course materials, and foreign instructors.

6. Is responsible, upon completion of programs, to award students with the corresponding foreign academic degrees.

7. Working together with Party A to manage the school.

 

4. Operation

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1. CIBT Beihai International Management School should be run in accordance to The People's Republic Of China Regulations Regarding Sino-Foreign Cooperation Education.

2. As a secondary college under Weifang University, CIBT Beihai International Management School should draw on CIBT's various North American channels to assist and support the development of other WFU departments in the internationalization of Weifang University, particularly in such areas as introducing education programs for other WFU departments, creating opportunities for Sino-foreign cooperation, hosting western-standard management, English language, and career development related training sessions for Weifang University students.

3. CIBT Beihai International Management School should keep "international" as its distinctive feature in running foreign and Sino-foreign cooperative programs. At the same time, CIBT Bcihai International Management School shall run Weifang University programs and integrate them with foreign programs wherever possible.

4. CIBT Beihai International Management School will be managed by a special joint administration organization that is responsible for all operation related affairs and decisions.

5. CIBT Beihai International Management School maintains its own accounting procedures and is obliged to remit tuition and training fees to the foreign partner according to the agreement. Upon the approval of the board of directors, the payment will be made through the channels and in the ways that are specified by state regulations. The balance will be distributed proportionally to the cooperation parties based on their investment proportion.

 

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Anything that is not specified here will be decided by both parties through consultation. Disputes that may occur will be brought forward to Shandong Provincial Ministry of Education for coordination and resolving.

 

The agreement is valid for seven years following the day when the formal agreement is signed. Within six months before the agreement expires, the two parties will consult with each other and decide whether or not to renew the agreement.

 

The agreement has both English and Chinese versions. When conflict in content between the two versions occurs, the Chinese version has the overriding power. The agreement is made in two copies; each has the same legal binding. The signatures below indicate the approval from the signatory parties.

	Party A -- Weifang University		Party B -- CIBT Canadian Institute of Business and Technology Corp.
	Signature of representative:		Signature of representative:
					
					
	Date:	 		Date	 

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