Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - EMCOR Holdings Inc. - Exhibit 10.1

 
EXHIBIT 10.1

 

	DATED: 31 March 2003

 

 

THE MOBILE WARRIOR TECHNOLOGY PARTNERSHIP
LLP

 

 

 

 - and -

 

 

 

LDC NETWORK LIMITED

	 	 	 
	 	AGENCY EXPLOITATION AGREEMENT
      	 
	 	for the commercial exploitation 	 
	 	of the Mobile Warrior Technology 	 
	 	 	 

 

 

Final Version, March 2003 
INN.Exploitation.Mobile.

THIS AGENCY AGREEMENT is made the day of March 2002

BETWEEN:

	(1) 	
      Paul T. Carter (“PTC”), Administrator of The Mobile
      Warrior Technology Partnership LLP (“the Partnership”) (a limited
      liability partnership registered in England and Wales with registered
      number 0C303543) whose registered office is situated at 1 Berkeley Street,
      London W1J 8DJ, as authorised signatory for and on behalf of the
      Partnership; and

	 	 
	(2) 	
      LDC Network Limited (a limited company registered in
      England and Wales with company number 04318606) whose registered office is
      situated at 27 New Bond Street, London W1S 2RH (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; 

	 	  	
      

	 	“Acquisition Agreement” 	
      means the agreement in the form attached as Schedule 3;
      

	 	  	
      

	 	“Business Day” 	
      any day other than a statutory Bank Holiday; 

	 	  	
      

	 	“Duties” 	
      duties of the Agent in relation to the exploitation of
      the Products as set out in this Agreement; 

	 	  	
      

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

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	 	“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 Limited Liability Partnership Deed made between PTC
      and others and dated 11/12/2002; 

	 	  	
       

	 	“Partnership” 	
      The Mobile Warrior Technology Partnership LLP 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 5 April 2003 and thereafter each
      successive period of twelve (12) calendar months. 

	 	  	
       

	 	“Products” 	
      the intellectual property rights to the technology and
      software for the Mobile Warrior Technology Partnership LLP 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 Products 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 directions 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

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

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	(v) 	
      accept the directions 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 PTC stating the total
      amount due by PlC 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
      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
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.

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.

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	(ii) 	
      In the event of termination for whatever reason the Agent
      shall forthwith pass to PTC all documents, samples and publicity
      promotional and advertising material in its possession or 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
ventures.

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 of 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 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

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the parties shall amend that 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 of personal service, any
      notice shall be sent or delivered to the party to be served 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 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.

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SCHEDULE I

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 is
using its 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 and its duties will include, but are not
restricted to, the following:

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

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

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SCHEDULE 2

Exploitation Forecast

 

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SCHEDULE 3

The Acquisition Agreement

 

 

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	EXECUTED and DELIVERED as a Deed 	) 	 
	for and on behalf of 	) 	 
	Mobile Warrior Technology LLP 	  	 
	represented by authorised signatories 	) 	 
	  	) 	 
	Paul T. Carter 	) 	/s/ Paul T. Carter                       
	Administrator 	) 	Administrator 
	  	  	 
	  	  	 
	EXECUTED and DELIVERED as a Deed 	) 	 
	for and on behalf of 	) 	 
	LDC Network LTD 	) 	 
	represented by authorised signatories 	) 	 
	  	) 	 
	 	) 	/s/ Ulrik DeBo                           
	Director and by Ulrik Debo	) 	Director 
	  	) 	 
	Director/Secretary Alistair Douglas	) 	/s/ Alistair Douglas                   
	  		Director/Secretary  

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  INN.Exploitation.Mobile.Filed by Automated Filing Services Inc. (604) 609-0244 - Coloured Industry Ltd. - Exhibit 10.2

	  	EXHIBIT 10.2 
	Lars Brannvall 	  
	Director 	20 September 2004 
	Coloured Industry Ltd 	  
	Vigilant House 	  
	120 Wilton Road 	  
	London 	  
	SW1V 1JZ 	  

Dear Lars, 

Agency Exploitation Agreement (AEA) —
assignment

This letter confirms our agreement that LDC Network Ltd has
assigned its interest, including all rights and obligations, in its Agency
Exploitation Agreement with The Mobile Warrior Technology Partnership LLP (MW)
to Coloured Industry Ltd (CIL)with effect from 2 April 2004.

In accordance with Clause 6 of the Agency Exploitation
Agreement, LDC has sought the permission of MW to make this assignment in a
letter dated 2 April 2004. MW gave its permission in its letter dated 21 July
2004, of which I attach a copy. 

CIL is registered in England no.04752451, with its registered
office at 27 New Bond Street, London, W1S 2RH. 

Please sign and date all three copies of this letter and return
two of them to me. I will keep one copy and send the other to MW at its office.
The third copy is yours to keep as your record of this agreement. 

Yours sincerely 

/s/ Ali Douglas

Ali Douglas
 Director 

for and on behalf of 
LDC Network Ltd

Signed for [new exploiter]:-

	/s/ Lars
      Brannvall 	 
	Lars Brannvall 	 
	Director 	 
	  	 
		 
	  	 
	for and on behalf of 	 
	Coloured Industry Ltd 	 

Registered Address; 27 New Bond Street, London W1S 2RH, UK

Company No: 04318606 VAT Registered: GB 79634120

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