Document:

exv10w16

 

Exhibit 10.16

“ENGLISH TRANSLATION”

SUPPLY AGREEMENT

	 	 	 
	BETWEEN:	 	
LES SERVICES D’APPROVISIONNEMENT HEARING CARE OF AMERICA (SAHCA)
INC., a duly incorporated corporation established for a private
interest, having its head office at 2770 Chemin du Lac,
Longueuil, Quebec, J4N 1B8, herein represented by Mr. Steve
Forget, duly authorized as he so declares,
	 	 	 
	 	 	
(Hereinafter referred to as the “Company”);
	 	 	 
	AND:	 	
COUSINEAU, DOUCET, PARENT, FORGET, AUDIOPROTHÉSISTES, s.e.n.c., a
general partnership, having its head office at 44 Côte du Palais,
Quebec City, Province of Quebec, G1R 4H8, herein represented by
Mr. Martin Cousineau, duly authorized as he so declares,
	 	 	 
	 	 	
(Hereinafter referred to as “CDPF”);

WHICH SAID PARTIES DECLARE AS FOLLOWS:

WHEREAS CDPF operates one or more hearing aid clinics;

WHEREAS the Company wishes to provide requisitions and purchasing management
services to CDPF in connection with the purchasing of products, supplies and
stationery (hereinafter referred to as “Products”) that CDPF requires in order
to carry on its professional activities;

WHEREAS CDPF wishes the Company, from time to time, to manage its requisitions
and purchasing in regard to the Products that CDPF requires;

WHEREAS the requisitions and purchasing management services that the Company
will provide to CDPF will be performed in such a manner as will allow CDPF to
preserve complete professional freedom;

NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

	1.	 	PREAMBLE

	 	1.1	 	The preamble shall form an integral part of this Agreement
and shall guide the interpretation hereof.

 

-2-

	2.	 	OBJECT

	 	2.1	 	In consideration of what is set out hereinafter, CDPF may use
the Company’s services for the management of its requisitions and
purchasing of Products to be used by CDPF in carrying on its
profession.
	 
	 	2.2	 	The Company shall perform the aforementioned services for
CDPF upon the request and according to the instructions of CDPF.

	3.	 	CONFIDENTIALITY

	 	3.1	 	The Company shall ensure that the Company and all its
employees, agents and/or representatives keep confidential and
refrain from disclosing or using, in any manner whatsoever, for
their own benefit or the benefit of third parties, any information
or documentation concerning CDPF of which they may acquire knowledge
in the course of performing their duties hereunder or by virtue of
having access to CDPF’s premises and documents, and in particular,
but without limiting the generality of the foregoing, any
information or documentation having to do with CDPF’s clients or
their files. The Company acknowledges that any breach of this
undertaking of confidentiality will cause irreparable harm to CDPF
and that CDPF may exercise any and all remedies available to it for
the purpose of protecting such confidentiality in the event of such
breach.

	4.	 	CONSIDERATION

	 	4.1	 	In consideration of this Agreement, CDPF shall pay the
Company the prices set forth in the attached schedule. In this
regard, the Company shall invoice CDPF on a monthly basis, which
invoices shall be payable by CDPF to the Company ten (10) days
following receipt.
	 
	 	4.2	 	Interest at the prime rate of the Company’s banker plus five
percent (5%) per annum shall be added to any amount unpaid when due
by CDPF.
	 
	 	4.3	 	All applicable taxes including, but not limited to, the goods
and services tax and the Quebec sales tax shall be added to the sums
due by CDPF to the Company hereunder.

	5.	 	TERM AND RENEWAL

	 	5.1	 	This Agreement is made for a term of three (3) years from the
execution hereof and shall be renewable automatically from year to
year unless one of the parties prefers not to renew the said
Agreement. A party wishing to prevent the Agreement from being
renewed automatically shall send the other party, at least thirty
(30) days in advance of the renewal date, a written notice stating
that it does not intend to renew the Agreement.

	6.	 	TERMINATION

	 	6.1	 	This Agreement shall be terminated automatically within
thirty (30) days after the Company sends CDPF a notice stating that
it is in default or has refused or failed to comply with any of the
provisions contained herein, in the event that such default, refusal
or failure continues after the aforementioned period.

 

-3-

	7.	 	END OF AGREEMENT

	 	7.1	 	This Agreement shall also terminate forthwith, without any
prior notice being required, upon the occurrence of any of the
following events:

	 	7.1.1	 	if one of the parties makes an assignment for
the benefit of its creditors;
	 
	 	7.1.2	 	if a receiver, trustee or other similar official
is appointed to administer the property of one of the parties;
	 
	 	7.1.3	 	if a petition in bankruptcy or a petition for
reorganization pursuant to any legislation is made by or
against one of the parties hereto;
	 
	 	7.1.4	 	if one of the parties commits any other act of
bankruptcy or if a winding-up order is issued by a competent
court;
	 
	 	7.1.5	 	if one of the parties becomes insolvent;
	 
	 	7.1.6	 	if CDPF fails to make payment to the Company of
any sum owed as specified herein;
	 
	 	7.1.7	 	in the event of fraud, theft or
misrepresentation by the Company.

	8.	 	MISCELLANEOUS

	 	8.1	 	Election of Domicile

	 	8.1.1	 	For purposes of this Agreement, the parties
elect domicile in the judicial district of Quebec for all
legal purposes and jurisdiction of the courts.

	 	8.2	 	Amendment

	 	8.2.1	 	No amendment may be made to this Agreement
except by written instrument signed by all parties.
	 

	 	8.3	 	Notices

	 	8.3.1	 	All notices hereunder must be given in writing.
	 
	 	8.3.2	 	Any notice shall be validly given if delivered
in person, sent by registered mail or faxed to the intended
recipient at the address first stated above.
	 
	 	8.3.3	 	Any notice given in the manner aforesaid shall
be deemed to have been received at the time of delivery if
delivered in person, on the third business day following the
mailing date if mailed, or on the business day following the
transmission date if faxed.
	 
	 	8.3.4	 	Each party may notify the other, in the manner
aforesaid, of any change of address for purposes of the giving
of notices.

 

-4-

	 	8.4	 	No Waiver

	 	8.4.1	 	The failure of a party hereto to insist on the
full performance of any of the undertakings contained in this
Agreement or to exercise any of its rights conferred herein
shall not be deemed to be a waiver of such rights or of the
full performance of such undertakings for the future. No
waiver by a party hereto of any of its rights shall be
effective unless it is given in writing and any such waiver
shall apply only to the rights and circumstances expressly
covered therein.

	 	8.5	 	Entire Agreement

	 	8.5.1	 	This Agreement sets forth the entire agreement
between the parties and no representations are made or
warranties given other than those contained herein.

	 	8.6	 	Partial Invalidity

	 	8.6.1	 	Any decision of a court that may find any of the
provisions of this Agreement to be null or unenforceable shall
not affect the other provisions of this Agreement or the
validity or enforceability of such provisions.

	 	8.7	 	Assigns

	 	8.7.1	 	Subject to the provisions hereof, this Agreement
shall be binding on the successors and assigns and on the
heirs, executors and administrators of CDPF.

 

-5-

IN WITNESS WHEREOF, THE PARTIES HAVE SIGNED AT Montreal, ON DECEMBER 1, 2000

THE COMPANY:

LES SERVICES D’APPROVISIONNEMENT HEARING CARE OF AMERICA INC.

	 	 	 
	By:	 	 
	 	 	

Steve Forget

CDPF:

COUSINEAU, DOUCET, PARENT, FORGET, AUDIOPROTHÉSISTES, s.e.n.c.

	 	 	 
	By:	 	 
	 	 	

Martin Cousineau

 

 

SCHEDULE

PRICES

(Section 4.1)

The prices specified below are subject to change whenever the retail price of
the designated manufacturer is modified by such manufacturer, or from year to
year, whichever occurs first.

Subject to the foregoing, the prices are set as follows as of December 1, 2000:

[Refer to manufacturer’s list]exv10w17

 

Exhibit 10.17

“English Translation”

MANAGEMENT AGREEMENT

	 	 	 
	BETWEEN:	 	
LES SERVICES DE GESTION HEARING CARE OF AMERICA (SGHCA) INC., a
duly incorporated corporation established for a private interest,
having its head office at 2770 Chemin du Lac, Longueuil, Quebec,
J4N 1B8, herein represented by Mr. Steve Forget, duly authorized
as he so declares,
	 	 	 
	 	 	
(Hereinafter referred to as the “Manager”);
	 	 	 
	AND:	 	
COUSINEAU, DOUCET, PARENT, FORGET, AUDIOPROTHÉSISTES, s.e.n.c., a
general partnership, having its head office at 44 Côte du Palais,
Quebec City, Province of Quebec, G1R 4H8, herein represented by
Mr. Martin Cousineau, duly authorized as he so declares,
	 	 	 
	 	 	
(Hereinafter referred to as “CDPF”

WHEREAS CDPF is a firm of hearing aid acousticians;

WHEREAS in connection with the practice of its profession, CDPF requires
management expertise from time to time;

WHEREAS the Manager has renowned management expertise;

WHEREAS the Manager is prepared to provide CDPF, upon CDPF’s request and
according to its instructions, with the management expertise that CDPF requires
in order to carry on its professional activities;

NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

	1.	 	PREAMBLE

	 	1.1	 	The preamble shall form an integral part of this Agreement
and shall guide the interpretation hereof.

 

-2-

	2.	 	OBJECT

	 	2.1	 	Subject to the provisions of section 4 hereinafter, the
Manager, upon the request and according to the instructions of CDPF,
shall provide to CDPF all the management expertise that CDPF
requires for the practice of its profession, to the specific
exclusion of any professional acts required by law to be performed
solely by hearing aid acousticians.

	3.	 	DILIGENCE

	 	3.1	 	The Manager undertakes to provide its management services to
CDPF in a diligent and competent manner and in good faith whenever
the Manager’s management services are required by CDPF.

	4.	 	MANAGER’S TASKS

	 	4.1	 	For greater certainty and without limiting the generality of
the foregoing, the Manager shall perform, upon CDPF’s request and
according to its instructions, the following tasks for CDPF:

	 	4.1.1	 	the keeping of CDPF’s accounting books and
records in accordance with generally accepted accounting
standards, including the preparation of CDPF’s financial
statements;
	 
	 	4.1.2	 	the hiring, laying off and dismissal of and
setting of working conditions for CDPF’s non-professional,
clerical, support, administrative or other employees;
	 
	 	4.1.3	 	the remuneration of non-professional, clerical,
support, administrative or other employees;
	 
	 	4.1.4	 	the issuance and collection of CDPF’s cheques
and other commercial instruments, with the exception of those
issued in the name of the Manager;
	 
	 	4.1.5	 	the collection of CDPF’s receivables and the
payment of its accounts;
	 
	 	4.1.6	 	the administration of day-to-day relations with
CDPF’s suppliers, to the exclusion of the making of any
contracts;
	 
	 	4.1.7	 	any other day-to-day acts of management required
for the sound management of CDPF.

	5.	 	PROHIBITION

	 	5.1	 	It is expressly agreed between the parties that the Manager
and its employees, agents and/or representatives shall not be
entitled, in any manner, to present themselves as CDPF’s
representatives in connection with any acts other than those
described herein, nor may the Manager in any manner commence or
continue any legal proceeding concerning CDPF, appear in its name,
take up its defence or effect any settlement of any dispute
involving CDPF.

 

-3-

	6.	 	REPORT

	 	6.1	 	The Manager undertakes to provide CDPF with a report in
writing on its management within thirty (30) days after the end of
each month during which the Manager rendered management services to
CDPF. The said report shall be in such form as CDPF may require from
time to time. The Manager shall also be required, upon simple
written or verbal request by CDPF, to furnish any supporting
vouchers that CDPF may require, such as deposit slips, cheques,
invoices, etc.

	7.	 	OWNERSHIP

	 	7.1	 	All reports or documentation that relate to the management of
CDPF shall remain CDPF’s property at all times. The Manager
undertakes to remit forthwith all such reports and documentation
that may be in its possession or in the possession of its employees,
agents or representatives, upon simple written or verbal request by
CDPF.

	8.	 	CONFIDENTIALITY

	 	8.1	 	The Manager shall ensure that the Manager and all its
employees, agents and/or representatives keep confidential and
refrain from disclosing or using, in any manner whatsoever, for
their own benefit or the benefit of third parties, any information
or documentation concerning CDPF of which they may acquire knowledge
in the course of performing their duties hereunder or by virtue of
having access to CDPF’s premises and documents, and in particular,
but without limiting the generality of the foregoing, any
information or documentation having to do with CDPF’s clients or
their files.

	9.	 	CONSIDERATION

	 	9.1	 	In consideration of the management services provided by the
Manager to CDPF from time to time, CDPF shall pay the Manager the
fees set forth in the attached schedule. The said amount shall be
payable by CDPF to the Manager on the tenth day following the date
of the invoice sent by the Manager to CDPF.
	 
	 	9.2	 	Interest at the prime rate of the Manager’s banker plus five
percent (5%) per annum shall be added to any amount unpaid when due
by CDPF.
	 
	 	9.3	 	All applicable taxes including more specifically, but not
limited to, the goods and services tax and the Quebec sales tax
shall be added to the amount due by CDPF to the Manager hereunder.

	10.	 	TERM

	 	10.1	 	This Agreement is made for a term of three (3) years from the
execution hereof and shall be renewable automatically for an
additional period of one year unless one of the parties prefers not
to renew the said Agreement. A party wishing to prevent the
Agreement from being renewed automatically shall send the other
party, at least thirty (30) days in advance of the renewal date, a
written notice stating that it does not intend to renew the
Agreement.

 

-4-

	11.	 	TERMINATION

	 	11.1	 	This Agreement shall be terminated automatically within
thirty (30) days after CDPF sends the Manager a notice stating that
it is in default or has refused or failed to comply with any of the
provisions contained herein, in the event that such default, refusal
or failure continues after the aforementioned period.

	12.	 	END OF AGREEMENT

	 	12.1	 	This Agreement shall also terminate forthwith, without any
prior notice being required, upon the occurrence of any of the
following events:

	 	12.1.1	 	if one of the parties makes an assignment for the benefit of
its creditors;
	 
	 	12.1.2	 	if a receiver, trustee or other similar official is
appointed to administer the property of one of the parties;
	 
	 	12.1.3	 	if a petition in bankruptcy or a petition for reorganization
pursuant to any legislation is made by or against one of the
parties hereto;
	 
	 	12.1.4	 	if one of the parties commits any other act of bankruptcy or
if a winding-up order is issued by a competent court;
	 
	 	12.1.5	 	if one of the parties becomes insolvent;
	 
	 	12.1.6	 	if CDPF fails to make payment to the Manager of any sum owed
as specified herein;
	 
	 	12.1.7	 	in the event of fraud, theft or misrepresentation by the
Manager.

	13.	 	MISCELLANEOUS

	 	13.1	 	Election of Domicile

	 	13.1.1	 	For purposes of this Agreement, the parties elect domicile
in the judicial district of Quebec for all legal purposes and
jurisdiction of the courts.

	 	13.2	 	Amendment
	 

	 	13.2.1	 	No amendment may be made to this Agreement except by written
instrument signed by all parties.

	 	13.3	 	Notices
	 

	 	13.3.1	 	All notices hereunder must be given in writing.
	 
	 	13.3.2	 	Any notice shall be validly given if delivered in person,
sent by registered mail or faxed to the intended recipient at
the address first stated above.
	 
	 	13.3.3	 	Any notice given in the manner aforesaid shall be deemed to
have been received at the time of delivery if delivered in
person, on the third business

 

-5-

	 	 	 	day following the mailing date if mailed, or on the
business day following the transmission date if faxed.
	 
	 	13.3.4	 	Each party may notify the other, in the manner aforesaid, of
any change of address for purposes of the giving of notices.

	 	13.4	 	No Waiver

	 	13.4.1	 	The failure or delay by a party hereto to enforce a right,
remedy or prerogative hereunder shall not entail a waiver of
such right, remedy or prerogative, nor shall a party that
failed to fully exercise a right, remedy or prerogative be
prevented from exercising such right, remedy or prerogative,
in whole or in part, at any future time.
	 

	 	13.5	 	Entire Agreement

	 	13.5.1	 	This Agreement sets forth the entire agreement between the
parties and no representations are made or warranties given
other than those contained herein.

	 	13.6	 	Partial Invalidity

	 	13.6.1	 	Any decision of a court that may find any of the provisions
of this Agreement to be null or unenforceable shall not affect
the other provisions of this Agreement or the validity or
enforceability of such provisions.

	 	13.7	 	Assigns

	 	13.7.1	 	Subject to the provisions hereof, this Agreement shall be
binding on the successors and assigns and on the heirs,
executors and administrators of CDPF.

IN WITNESS WHEREOF, THE PARTIES HAVE SIGNED AT Montreal, ON DECEMBER 1, 2000

THE MANAGER:

LES SERVICES D’APPROVISIONNEMENT HEARING CARE OF AMERICA INC.

	 	 	 
	By:	 	 
	 	 	

Steve Forget

CDPF:

COUSINEAU, DOUCET, PARENT, FORGET, AUDIOPROTHÉSISTES, s.e.n.c.

 

-6-

	 	 	 
	By:	 	 
	 	 	

Martin Cousineau

 

 

SCHEDULE

FEES

(Section 9.1)

The Manager and CDPF agree that the Manager’s administrative workload is
directly related to the number of product units for each clinic operated by
CDPF. Consequently, the management fees are set in accordance with the
following table. The fees may be changed from time to time so as to take into
consideration, without limiting the generality of the foregoing, any changes in
manufacturers’ suggested retail prices, wages paid to clerical staff, taxes and
other similar increases. It is agreed that all base charges (wages and other
costs) will be charged back to CDPF at the Manager’s cost.

Subject to the foregoing, the fee table in effect as of December 1, 2000 is as
follows:

	1.	 	Minimum fee per clinic: $300 per month per clinic, for up to 12
prostheses sold during the month.
	 
	2.	 	Additional fee per clinic for every prosthesis sold in a given month over
and above the 12 prostheses referred to in the previous paragraph, in the
amount of $25 for each such additional prosthesis starting from the
thirteenth prosthesis.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}]]