Document:

f8k101909ex10x_pashmina.htm

    Exhibit
10.10

     

    TECHNOLOGY
TRANSFER AND RESEARCH AGREEMENT

     

    between

     

    Ecole
Polytechnique Federate de Lausanne

    CH -1015
Lausanne, Switzerland

     

    represented
by Prof. Jean-Louis Scartezzini, 

    Head of
the Solar Energy and Building Physics Laboratory (LESO-PB)

     

    hereinafter
referred to as "EPFL",

     

    and

     

    Swiss-Indo
Trade & Invest S.A

     

    represented
by Mr Michel Gruering and Dr Yves Ducommun

    Route de
Fribourg 15, CH - 1723 Marly, Switzerland

     

    hereinafter
referred to as "COMPANY", 

     

    (hereinafter
individually referred to as "Party" or collectively as "Parties")

     

    Preamble

     

    EPFL/LESO-PB
has developed novel technologies for solar glazing applied to solar thermal
collectors and wishes that this technology is transferred to industry to benefit
the public.

    

     

    Swiss-Judo
Trade & Invest S.A. is a private Swiss company founded in 2004, based in
Marly, Switzerland,
with a subsidiary in New Delhi, India. Swiss-Indo's primary focus is the
manufacture
and trade of advanced green technologies applied to environmentally neutral
industrial
applications characterized by strong economic growth. Target sectors are
renewable energies
and natural resources conservation and improvement. Swiss-Indo is interested in
having
the solar glazing technology developed at EPFL/LESO-PB transferred in order to
further
develop it and bring it to the
market.                                          

    

    
      
        
        

      

      
        Page 1 of
7

        
          

        

      

      
        
        

      

    

     

    1.  Statement
of Work

     

    1.1 EPFL
hereby undertakes to make its best efforts to accomplish the transfer of
knowledge related to the technology of color glazing by magnetron sputtering for
solar thermal collectors stemming from the Solar Energy and Building Physics
Laboratory (LESO-PB) (hereafter "Technology") and to perform the research work
described in Enclosure 1 (hereinafter referred to as "the Project"), which shall
be an integral part of this Agreement. The Project shall be carried out by the
Solar Energy and Building Physics Laboratory, under the supervision of Dr
Andreas Schuler.

     

    1.2 COMPANY
hereby undertakes to make its best efforts to collaborate with EPFL during the
Project and to bring its competencies for the benefit of the Project and to
furnish EPFL with documentation, information and data necessary to accomplish
the Project according to Enclosure 1. Whenever it is deemed necessary during the
Project, the Parties may mutually agree upon regular or separate meetings to be
held at the place of business of one of the Parties hereto.

     

    1.3 Any
modifications to the scope of the Project, to the budget, any priorities and
scientific options to be decided in the course of the Project shall be subject
to prior mutual written agreement.

    

    2.  Term
of Agreement

    

    This
Agreement shall become effective on January 1st,
2009 and remain effective for the duration of the Project, i.e. until December
31st,
2012. It may be extended subject to prior written agreement by both
Parties.

    
3.  Payments

     

    3.1 The
financial contribution of COMPANY to EPFL for the Project is agreed to be equal
to CHF 920'000 excluding VAT.

     

    3.2 The
payment schedule shall be the following according to the budget
planning:

     

    - CHF
300'000 on March 15th
2009

    - CHF
300'000 on January 15th,
2010

    - CHF
160'000 on January 15th,
2011

    - CHF
160'000 on December 15th,
2012.

     

    EPFL
shall send invoices to COMPANY according to this schedule and the payments shall
be done by COMPANY to EPFL within 30 days of receipt of the
invoices.

     

    4. 
Results and Intellectual Property

     

    4.1   EPFL
shall transfer to COMPANY the scientific and technical knowledge with respect to
the Technology (hereafter "Background Knowledge") in order for COMPANY to
further develop and commercially exploit the Technology. EPFL shall not enter
into other such transfer agreements on the Technology in the Field of Use
(as defined in article 4.5 hereinafter) for the duration of the Project. The
Background Knowledge is summarized in Enclosure 1 to this Agreement. In
case COMPANY does not fulfill its obligations according to article 3 herewith,
EPFL shall have no more obligations according to this article 4

     

    
      
        
        

      

      
        Page 2 of
7

        
          

        

      

      
        
        

      

       

    

    4.2 Furthermore, all results,
patentable or not, copyrightable or not, obtained in the execution of the
Project by EPFL (hereinafter referred to as "EPFL Results") shall be
communicated to COMPANY in form of common meetings, reports or publication
drafts. Subject to the provisions of articles 4.3 to 4.11 of this Agreement,
EPFL and COMPANY shall be free to use such results.

     

    4.3 COMPANY
shall notify EPFL in writing of its interest for legal protection of EPFL
Results, in which case COMPANY shall have the right to file a patent application in its
own name and at its own expenses. This notification shall reach EPFL within
three (3) months from the date the concerned results were first disclosed to
COMPANY, subject to the one month period set forth in Article 6.2 in case that
EPFL submit a draft of scientific publication.

     

    4.4 Title to
an invention conceived or first reduced to practice by EPFL in the performance
of the Project shall be transferred from EPFL to COMPANY upon COMPANY filing a
patent application on such invention, provided that such filing occurs within
three (3) months from the date COMPANY notified EPFL of its interest according
to 4.2. COMPANY shall bear all costs related to the patent prosecution and shall
inform EPFL of all rhajor steps in such prosecution and of any decision to
abandon the patent; COMPANY shall provide EPFL with a copy of any patent
application(s) and of any issued patent(s).

    

    During
the deadlines pursuant to Articles 4.3 and 4.4, each Party agrees to treat the
EPFL Results concerned as confidential.

     

    4.5  In the event
that COMPANY files a patent application pursuant to 4.4, COMPANY shall
have under any such patent application and patent issued thereon (hereinafter
referred to as "a
Patent") exclusive exploitation rights for applications, which are within the
following field of
use:

     

        Coatings by
magnetron sputtering for colored glazing of solar thermal
collectors

     

        (referred to
in this Agreement as "the Field of Use").

     

    COMPANY
hereby grants EPFL an exclusive, royalty-free and irrevocable license under any
Patent with the right to grant sublicenses for applications that are outside
tile Field of Use.

     

    EPFL may
use any Patent for education and research purposes in any field;

     

    4.6 COMPANY
shall demonstrate reasonable efforts to develop and commercialize the technology
covered by a Patent in the Field of Use.

     

    4.7 In the
event that COMPANY fails to file a Patent according to 4.4, title to the
invention concerned shall remain with EPFL and EPFL shall be free to patent or
not such invention.

     

    If
COMPANY files a Patent, but renounces to seek protection in the following
countries/region : USA, Japan, China and Europe, then COMPANY shall timely
inform EPFL and give the latter the opportunity to file in its own name and at
its, own costs a patent application in the abovementioned countries/region that
are not covered by COMPANY Patent.

     

    Should
COMPANY decide to abandon a Patent in any countries, COMPANY shall offer to EPFL
the assignment of such Patent free of charge. COMPANY shall inform EPFL of such
decision at least four (4)
months before the deadline for the performance of the formalities necessary for the
maintain of the Patent.

     

    
      
         

      

      
        Page 3 of
7

        
          

        

      

      
         

      

    

    4.8 In the
event that EPFL is the owner of a patent application or patent under EPFL
Results according fo 4.7, EPFL hereby grants COMPANY a royalty-free,
non-exclusive and irrevocable license for the use of any such patent application
or patent in the Field of Use without the right to grant sub-licenses except to
Affiliates of COMPANY. For the purposes of this Agreement, theterm affiliate
(hereinafter referred to as "Affiliate") shall mean any legal entity which is
controlled by, has control over or is under common control with COMPANY whereby
"control" shall mean the holding of more than fifty (50) percent of the capital
stock or participating shares entitled to vote for the election of
directors.

     

    4.9 For
computer software developed in the Project by EPFL, EPFL hereby grants COMPANY a
royalty-free non-exclusive license to copy, modify, adapt, translate,
distribute, sale, display and run such computer software, provided that COMPANY
shall not pass the source code of such software outside of COMPANY and
Affiliates without EPFL's prior written approval.

     

    4.10 Any
intellectual property solely developed by COMPANY during the course of the
Project shall be COMPANY'S
property.

     

    4.11 Subject
to article 4.1, it is hereby agreed that neither right of use nor license of any
kind is hereunder granted to COMPANY on EPFL's intellectual property obtained
before, after and/or outside of the Project.

     

    5.  Confidentiality

     

    5.1 Each
Party (Recipient) agree to keep confidential and not to use for another purpose
than the performance of this Agreement all information belonging to the other
Party (the Disclosing Party) with which it may come in contact during the course
of the Project, provided that such information have been clearly labeled as
confidential by the Disclosing Party or, if disclosed orally, have been
confirmed in writing as being confidential within ten (10) days from their
disclosure. Each Party shall be responsible for the compliance by its personnel
with these confidentiality obligations.

     

    5.2 The
obligations under article 5.1 shall not apply to any information that:
were in
the public domain or open to the public at the time they were transmitted to
Recipient, or became
public or open to the public for reasons other than an action or omission
attributable to Recipient, or were in
Recipient's possession, without any limitation regarding their disclosure at the
time they were transmitted to Recipient, provided that such prior possession is
supported by a written evidence, or were
obtained in good faith by Recipient and without any commitment relating to
confidentiality from a third party entitled to disclose them.

    

    5.3 The obligations under
this article 5 shall remain effective for five (5) years after termination
of this Agreement or for a period defined by the Disclosing Party at tine time
of communication
of such confidential information to Recipient.

     

    
      
        
        

      

      
        Page 4 of
7

        
          

        

      

      
        
        

      

    

     

    6.   Scientific
publications

     

    6.1 COMPANY
recognizes that EPFL is entitled to publish its scientific results obtained in
the performance of the Project.

     

    6.2 Prior to
the publication of such results, EPFL shall submit a draft of the information to
be disseminated to COMPANY for review. COMPANY shall then have one (1) month
to:

    

    (a) notify
EPFL of any objection. If an objection is raised, discussion shall be held
without delay to determine acceptable modifications to resolve the issue and
allow dissemination within three (3) months; and/or

     

    (b) request
the postponement, for no more than three (3) months, of the publication of EPFL
Results for which COMPANY wishes to file a patent application according to
Article 4.3.

     

    Failure
to respond within the abovementioned one month period is considered as approval
of the publication by COMPANY.

     

    6.3  In case of public
presentations in particular at scientific conferences; EPFL shall submit
to
COMPANY a written summary of the intended presentation and the provisions of
Article 6.2 shall
apply, whereby the time indicated under (a) shall be reduced to one (1)
month.

    

    7.  No
Warranties

     

    7.1 EPFL
shall perform said Project by applying its best scientific knowledge and best
efforts.

     

    7.2 EPFL
makes no warranties, either express or implied, including but not limited to
warranties of originality, accuracy, property, merchantability, fitness for a
particular purpose of the Background Knowledge and EPFL Results.

     

    8.  Liability

     

    8.1 EPFL
shall be liable towards COMPANY only in the event of fraud or gross negligence
for any damages suffered in connection with this Agreement.

     

    8.2 In the
event that COMPANY decides to use and commercially exploit the Background
Knowledge and/or EPFL Results, COMPANY shall bear the sole responsibility for
the implementation, use and commercial exploitation of the Background Knowledge
and/or EPFL Results and conception of products or services based thereon and
shall be liable towards third parties in connection with this implementation,
use and commercialization. COMPANY agrees to indemnify and defend EPFL against
any such claim from third parties brought against EPFL; to this end, COMPANY
agrees to maintain an adequate insurance covera

     

    8.3 Neither
Party shall be entitled to commit the other Party to any obligation in
connection with this Agreement, without the prior written consent of the other
Party.

     

    
      
        
        

      

      
        Page 5 of
7

        
          

        

      

      
        
        

      

    

     

    9.  Communication

     

    Any
notice or communication to be given within the framework of this Agreement shall
be forwarded to the following contact persons:

     

    For
COMPANY:

     

    -      
SWISS-INDO SA 

    Dr Yves
Ducprnmun 

    Chemin du
Jura 5 

    1024
Ecublens

    e-mail:
yves.ducommun@swiss-indo.ch

    Telephone:079
286 91 31

     

    For
the EPFL:

     

    -      
Ecole
Polytechnique Federate de Lausanne 

    Laboratoire
d'Energie Solaire

    Dr
Andreas Schiiler 

    Station
18

    CH- 1015
Lausanne, Switzerland 

    e-mail:
andreas.schueler@epfl.ch

    Telephone:
021 693 45 44

     

    Communications
pursuant to Article 4 (Results and Intellectual Property) shall also be sent
to:

     

    Ecole
Polytechnique Federate de Lausanne 

    Industrial
Relations Office (SRI) 

    Andre
Catana 

    CM -
Station 10

    CH-1015
Lausanne, Switzerland 

    e-mail:
andre.catana@epfl.ch

    Telephone:
021 693 55 81

    

    10.   Assignment

    

    Should
COMPANY assign its rights to EPFL Results and/or to a Patent, then COMPANY shall
impose all the obligations deriving from this Agreement on the
assignee.

    

    11.   Survival

     

    The
provisions of articles 4, 7, 8, 10 and 12 shall survive any expiration or
termination of this Agreement.

     

    12.   Applicable
Law and place of jurisdiction

     

    12.1 This
Agreement shall be governed by the laws of Switzerland.

     

    12.2 The
exclusive place of jurisdiction shall be Lausanne.

     

    This
Agreement is executed in two originals and duly signed by the authorized
representatives of the
Parties hereto, as printed below:  

     

    
      
         

      

      
        Page 6 of
7

        
          

        

      

      
         

      

    

     

    
      	
              Ecole
      Polytechnique Federale de 

              Lausanne,
      EPFL

            	COMPANY
	
              

               

            	
              

            

    

     

     

    Enclosure 1:
Description (with milestones) of the Project (description of the Technology,
transfer of knowledge and research project), budget

     

     

     

     Page
7 of 7f8k101909ex10xi_pashmina.htm

    Exhibit
10.11

     

    TECHNICAL
COOPERATION AGREEMENT

     

    THIS
AGREEMENT, entered into on August 10, 2009, by and between

     

    Membran-Flltrations-Technik GmbH,
a corporation organized and existing under the laws of the Federal
Republic of Germany, having its main office and place of business at Vitalisstr.
314, D-50829 Koln, Germany, thereafter named MFT, and

    

    Swiss-lndo Trade and Invest SA,
a corporation organized and existing under the laws of Switzerland,
having its place of business at Route de Fribourg 15, CH 1723 Marly, Switzerland
thereafter named Swiss-lndo.

    

    WITNESSETH
:

     

    WHEREAS,
MFT is engaged in the manufacture and sale of Membrane Filtration Plant Products
and

     

    WHEREAS,
MFT has acquired and possesses valuable technical information on the design,
manufacture, construction or assembly of Membrane Products; and

     

    WHEREAS,
MFT has the right to use this technical information and industrial property
rights

    and

     

    WHEREAS,
Swiss-lndo desires to obtain and MFT is willing to transfer this information for
manufacture, use and sell of the Membrane Products utilizing this technical
information.

     

    NOW,
THEREFORE in consideration of the premises and covenants herein set forth the
parties hereto agree as follows:

    

    Article 1 Definitions

     

    As used
in this Agreement, the following terms have the following meanings
respectively:

     

    
      	
              1.  

            	
              "Membrane
      Products" are defined as MFT designed assembly of Microfiltration
      Ultrafiltration, Nanofiltration and Reverse Osmosis equipment fortreatinq
      water with membrane technology

            

    

     

    
      	
              2.  

            	
              'Technical
      Information" means all the up to date technical knowledge know-how
      standard calculations, data and information developed or otherwise,
      patented or unpatented generally used by MFT pertaining to the manufacture
      use and sale of the Membrane
Products.

            

    

     

    
      	
              3.  

            	
              "Industrial
      Property Rights" means any or all rights under patent, utility models and
      application thereof presently owned or during the term hereof acquired by
      MFT and/or which MFT has the right to control which are applicable to or
      may be used in manufacture of the Membrane
  Products.

            

    

     

    Article 2. Grant of
Information                                                                                                                                          

     

    1. MFT
hereby grants to Swiss-lndo the exclusive riqht to manufacture use and sell the
Membrane Products using the Industrial Property Rights and Technical Information
furnished by MFT.

     

    2. Swiss-lndo
shall manufacture the Membrane Products in the same quality as
MFT.     

     

    3. Swiss-lndo
agrees not to contest any of the patent and any of the Industrial Property
Rights. 

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

Article
3. Information

     

    1. Upon
written request of Swiss-lndo, MFT shall furnish personnel, engineering
information with necessary drawings, technical data and price information on a
breakdown basis in order to enable Swiss-lndo to build up a production and
assembly line for producing membrane equipment.

     

    2. To assist
Swiss-lndo in marketing and selling the Membrane Products, MFT will furnish
Swiss-lndo with one complete set of current materials, generally used by MFT for
sales promotion, such as brochures, catalogues and technical data available form
MFT, which cover the entire range of Membrane Products.

    

    Article
4. Technical Assistance and Services

     

    1. MFT
shall, as part of the Technical Information and against payment of the Technical
Information Payment as provided in Article 6, supply Swiss-lndo with the
following data for 3 standard plant sizes (5,13 and 42 m3 per
hour) in order that Swiss-lndo may manufacture to their best advantage the
Membrane Products without delay;

     

    (a) Drawings
for designing, piping and instrumentation plans, and layouts

    (b) Specifications,

    (c) Materials
list.

    (d) General
calculation sheet,

    (e) Operating
& instruction manuals,

    (f) Any other
necessary technical data and know-how generally used by MFT.

     

    2. MFT
shall by request of Swiss-lndo help to arrange for the manufacturing facility of
Swiss-lndo in Switzerland. MFT will on request of Swiss-lndo carry out design
and operational training in Switzerland. MFT, within its possibilities without
interfering with its ongoing business, shall arrange to make available qualified
personnel for consultation with, and training of Swiss-lndo personnel. Cost for
trips, meals, lodging, and other expenses of those MFT personnel shall be borne
by Swiss-lndo. Swiss-lndo shall pay EUR 800. - (eight hundred) per day for each
of those MFT personnel..

     

    3. MFT
shall, by request of Swiss-lndo, made after consultation with MFT permit
technical personnel designated by Swiss-lndo to have an opportunity to study, at
reasonable times, the design and manufacture of the Membrane Products at MFT's
place of business. MFT within its possibilities without interfering with its
ongoing business, shall arrange to make available qualified personnel for
consultation with, and training of such Swiss-lndo personnel. Cost for round
trips, meals, lodging, and other expenses of personnel dispatched for training
shall be borne by Swiss-lndo.

     

    Article 5. Payment

     

    1. In
consideration of the Technical Information and the Industrial Property Rights
furnished by MFT to Swiss-lndo, Swiss-lndo shall pay to MFT the following
compensation in the amount and in the manner specified below.

     

    (a)
Initial Payment

     

    Swiss-lndo
shall pay MFT an initial payment in the amount of EUR 250.000.
-(twohundredfivtythousand) (herein referred to as the Initial Payment). The
Initial Payment shall
be made within 30 working days from the date this Agreement is
entered.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (b)
Royalty

     

    Swiss-lndo
shall pay Royalty of 3 % (three percent) of the net selling price (herein
referred to as the Royalty for each sale of the Membrane Products (herein
referred to as the Net Selling Price). A minimum royalty payable at the
beginning of each calendar of EUR 30.000 year shall be due. The agreed
percentage royalty will be accounted against the minimum Royalty payable in such
year. The overlapping percentage royalty will be due at the end of every
accounting month.

     

    2. The
Net Selling Price shall be the gross invoice price of Membrane Products sold or
otherwise
disposed of by Swiss-lndo in normal, bonafide, commercial transaction without
any deduction
..

     

    3. All
payments due under this Article shall be made in EURO currency.

     

    4. All
direct taxes, such as sale or value added tax payable on the Initial Payment,
Minimum Royalty
or Royalty shall be borne by Swiss-lndo.

     

    Article 6. Supply of components, parts and raw
materials

     

    Upon
Swiss-indo's written request, MFT shall supply components, parts and raw
materials to Swiss-lndo in due time and at reasonable and competitive
prices.

     

    Article
7. Consultancy Services

     

    1. Upon
Swiss-lndo's written request, MFT shall provide consultancy services to
Swiss-lndo by M. Hans-Ulrich Hubbel.

     

    2. Cost for
trips, meals, lodging, and other expenses linked to these services and aqreed by
Swiss-lndo shall be borne by Swiss-lndo.

     

    3.    Swiss-lndo
shall pay EUR 2000.- (two thousand) per day of consultancy time of M.
Hubbel.

     

    Article 8. Records, Auditing and
Reports

     

    1. Swiss-lndo
shall keep proper records of each sale of Membrane Products for determininq the
Royalty and keep those records at its offices for at least five years, including
the overall order price with clients, the number, and the type of the membrane
Products sold or used under this.

     

    2. Swiss-lndo
shall calculate the Royalty for each six months period and send its statement of
Royalty for the immediately preceding six months period to Licensor, taking
account for the Minimum Royalty paid for the respective calendar year, together
with full evidences of the Records.

     

    3. mft shall
be entitled to inspect the Records at the offices of Swiss-lndo. at any
reasonable time by its representatives or by an independent auditor. If an audit
reveals that Swiss-lndo the Records are incorrect, the Swiss-lndo has to pay the
cost of such audit.

     

    Article 9. Liability

     

    1. MFT
represents that to its knowledge there are no defects in the Industrial Property
Riqhts or defects to the invention underlying a Patent however MFT does not
quarantee the complete absence of defects.

     

    2. MFT
shall not be responsible for any damaqe resultino from faultv application by
Swiss-lndo of Technical Information and
information received under the Industrial Property
Rights.   

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    3. Nothing
contained in this Agreement shall be construed as constituting either party as a
partner, joint venturer, employee, or agent of the other, it being intended that
each remain an independent contractor responsible only for its own
actions.

     

    4. Neither
party shall be bound by or be liable for any act or omission by the other party,
or for any promise, warranty, representation, obligation or debt incurred by the
other party. To this end, each of the parties agrees to Indemnify the other or
its representatives against any claim, demand, cause of action, loss, cost or
expense arising out of or in connection with any actions or omissions of that
party in breach of this Agreement including any professional fees incurred by
the injured party in the prosecution or defence or settlement of any such claims
or causes of action.

     

    Article
10. Non Competition

     

    1. MFT
agrees that it shall not without prior written consent of Swiss-lndo,
manufacture and/or sell Membrane Products linked to renewable energies projects
or to be powered by renewable energies.

     

    2. Swiss-indo
agrees that it shall not without prior written consent of MFT, manufacture
and/or sell Membrane Products not linked to renewable energies projects or not
planned to be powered by renewable energies.

     

    Article
11. Duration and Termination

     

    1. This
Agreement shall be effective for an initial period of five years from the
Effective Date of this Agreement. After the end of this period, this Agreement
is automatically renewed, unless either of the parties states in writing that he
does not want to renew the Agreement, at least 90 days prior to its end
date.

     

    2. If either
party hereto continues in default of any obligation imposed on it herein for
more than 30 (thirty) days after notice has been given by the other party
requesting the party in default to remedy such default, the other party may
terminate this Agreement to this effect by notice to the first party and this
Agreement shall terminate on the date of dispatch of such notice.

     

    3. In the
event of bankruptcy, receivership, insolvency or assignment for the benefit of
creditors of either party hereto, the other party may terminate this Agreement
effective immediately by giving the first party written notice to that
effect.

     

    Article
12. Secrecy

     

        Swiss-lndo
agrees that it shall not without prior written consent of MFT sell assign or
divulge the patented or unpatented Technical Information disclosed and furnished
by MFT or received otherwise form MFT hereunder in any manner to anyone except
those of its employees and its subcontractors who will be using such Technical
Information in the manufacture and assembly of the Membrane Products. The
secrecy obligation will survive any termination or expiration of this Agreement
and shall remain in effect for further 10 (ten) years thereafter.

    

    Article
13. Force Majeure

     

        1. Neither
party shall be liable in any manner for failure or delay upon fulfilment of all
or part of its obligations under this Agreement (other then the obligation to
make payment hereunder), directly or indirectly owing to any causes or
circumstances beyond its reasonable control, including fire, flood strikes,
labour troubles or other industrial disturbances, unavoidable accidents'
governmental regulations, riots and insurrections.

     

        2. Upon
occurrence of any of the said causes or circumstances, the affected party
shall immediately notify the other party with such detail as possible and
shall promptly inform the other party of any further developments. Immediately
after the cause is removed the affected party shall perform

    

    
      
        
           

        

        
          4

          
            

          

        

        
           

        

      

    

     

    such
obligations with all due speed. The time of fulfilment shall be extended until
such causes or circumstances shall have been eliminated.

     

        3. If an
event of force majeure continues for more than 6 months the other party has the
right to terminate this Agreement with thirty (30) days prior written notice to
the party claiming force majeure.

    

    Article
14. Assignment

     

        1. Neither
party shall assign, transfer or otherwise dispose of this Agreement in whole or
in part to any third party without the prior written consent of the other party
in writing.

     

    Article
15. Language, Applicable Law

     

        1. Except
where otherwise provided herein the language to be used under this Agreement
shall be the English language.

     

        2. This
Agreement shall be construed and interpreted in accordance with the laws of
Switzerland.

    

    Article
16. Notices

     

    All
communication notices or the like between the parties shall be valid when made
by e-mail or telefax communication subsequently to be confirmed in writing and
addressed to the followinq addresses:

     

    To:
Membran-Fiitrations Technik GmbH 

    Vitalisstr.
314 

    D-50829
Koln 

    Germany

    Tel. 0049
- (0)221 - 9499070 

    Fax 0049
- (0)221 - 9499077

     

    To:
Swiss-lndo Trade & Invest SA

    Route de
Fribourg 15 

    CH 1723
Marly 

    Switzerland

    Tel.0041-264353333

    Fax
0041-264353334

     

    Article
17. Entire Agreement

     

    This
Agreement constitutes the entire agreement and understanding between the parties
hereto relative to the subject matter hereof and there are no understandings
agreements, conditions and representations, oral or written, expressed or
implied, with reference to the subject matter hereol that are not merged herein
or superseded hereby..

     

    Article
18. Settlement of Disputes

     

    Both
parties shall first try to settle, upon friendly consultation between them, all
disputes which may arise in connection with this Aqreement
includinq anv breach hereof and if agreement shall not be
arrived at between them, such disputes shall be finally settled by arbitration
pursuant to the Rules of'Arbitraftion
of the International Chamber of Commerce by which each partv shall be bound
Arbitration
shall be held in Geneva, Switzerland, in the English languag, unless the
parties agree

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    otherwise.
For evidence that friendly agreement has not been reached, notice to the other
party that agreement has not been reached is sufficient.

     

    Article
19. Waiver, Amendments

     

    Failure
of either party at any time to require the strict performance by the other party
of any of the provisions of this Agreement shall in no way affect the right
thereafter to enforce the same, nor shall the waiver of any term or provision
hereof be taken or held to be a waiver of any subsequent breach thereof or as
nullifying the effectiveness of such term or provision. Any waiver or
modification or alteration or addition to this Agreement or any of its terms or
provisions shall not be binding on either party unless made in writing and
signed by the duly authorized legal representatives of the parties
respectively.

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Agreement in duplicate to
be executed by their respective duly authorized representatives on the day and
year first above written, and each party shall keep one (1) copy hereof for
itself.

     

     

    MFT

    Membran-Filtrations-Technik
GmbH

     

     

    By:  /s/  Hans-Ulrich Hubbel       

    Hans-Ulrich Hubbel,
President

     

    Signing Date:  10.08.09

     

    Swiss-Indo

     

     

    By:  /s/  Michel Gruering         

    Michel Gruering, President

     

    
      Signing Date: 
12.08.09

    

     

     

     

     

     

    

      
        
           

        

        
          6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}]]