Document:

ex_10-3.htm

    
      

      

    

    
      EXHIBIT
10.3

       

      PLATFORM
DEVELOPMENT AGREEMENT

       

      THIS
PLATFORM DEVELOPMENT AGREEMENT IS MADE AND ENTERED INTO AS OF THE EFFECTIVE DATE
BY AND BETWEEN:

       

      1.           NXP
SOFTWARE B.V., a private company with limited liability incorporated under the
laws of the Netherlands, having its registered office in Eindhoven, the
Netherlands, with registration number 17192886 in the trade register of the
Netherlands Chamber of Commerce and Industry for Oost-Brabant, having a
principal place of business at High Tech Campus 41, 5656 AE Eindhoven, the
Netherlands (“NXP SOFTWARE”); and

       

      2.           LOCATION
BASED TECHNOLOGIES INC., a company incorporated in the state of Nevada, having
its principal place of business at 4989 E. La Palma Avenue, Anaheim, California,
92807 (“LBT”).

       

      WHEREAS:

       

      A.          NXP
SOFTWARE develops and licenses, amongst others, real-time software GPS
technologies;

       

      B.          NXP
SOFTWARE provides, amongst others, Internet-based GPS assistance
services;

       

      C.          LBT
develops GPS based consumer products for locating persons and/or
items;

       

      D.          NXP
SOFTWARE is willing to provide licenses and services for use of its software GPS
technologies by LBT in some or all of their consumer GPS-based
products;

       

      E.           The
Parties have executed a Framework Agreement that sets forth the principal terms
under which the parties shall conduct business;

       

      F.           This
Platform Development Agreement sets forth the additional terms under which NXP
Software shall develop technologies for integration into the Technology
Platform.

       

      SECTION
1.0 – FRAMEWORK AGREEMENT

       

      The terms
of the Framework Agreement shall apply to this Platform Development Agreement
mutatis mutandis.  In the event that any term or clause herein shall
be in conflict with any term or clause within the Framework Agreement then the
terms of this Platform Development Agreement shall prevail for the exclusive and
limited scope of this Platform Development Agreement..

       

      ARTICLE
2.0 – PLATFORM DEVELOPMENT

       

      2.1         Development
Activities.  NXP SOFTWARE shall use commercially reasonable
efforts to undertake the development activities and to deliver the Deliverables
as set forth in the Statement of Work within Exhibit PDA1 (the “Platform
Development Activities”).

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      2.2         Timescales.  NXP
SOFWARE shall use commercially reasonable efforts to undertake the Platform
Development Activities and to perform to the timescales defined within the
Milestone Schedule within Exhibit PDA1.  In the event that NXP
SOFTWARE foresees that it will not be able to (i) timely meet a Milestone; or
(ii) timely deliver a Deliverable; or (iii) perform any other material
obligation in connection with this Platform Development Agreement, it shall
promptly notify LBT thereof.  In the event that any material delay in
the timescales occurs or is likely to occur, the parties shall meet to determine
an appropriate period of extension of the term of the Platform Development
Activities.

       

      2.3         Acceptance
Test.  At a date to be agreed upon by the parties but no longer
than 10 days after delivery of the Deliverables, the parties will use all
reasonable efforts to perform the Acceptance Test as set forth in the Statement
of Work at NXP SOFTWARE’s premises in Redhill, the UK.  In the event
the Acceptance Test has not been performed within these 10 days and this is
attributable to LBT the Acceptance Test is deemed to be accepted.

       

      ARTICLE
3.0 - FEES

       

      In
consideration of the activities (to be) undertaken under this Platform
Development Agreement, LBT shall pay to NXP SOFTWARE the non-refundable fees and
charges as set forth in the Milestone Schedule within Exhibit PDA1 to this
Platform Development Agreement.  Individual payment milestones shall
become payable on completion of their respective Milestone
Objectives.

       

      ARTICLE
4.0 - DURATION AND TERMINATION

       

      4.1         Duration.  This
Platform Development Agreement shall become effective as of the date that the
Framework Agreement will become effective and shall remain in effect until the
acceptance of the Deliverables in accordance to the Acceptance Test or the
expiration or termination of the Framework Agreement, whatever occurs
earlier.

       

      ARTICLE
5.0 –INTELLECTUAL PROPERTY RIGHTS

       

      5.1         Background Intellectual
Property Rights.  All right, title and interest in and to any
and all Background Intellectual Property Rights shall remain solely and
exclusively with the respective party or its Affiliated Companies or its third
party suppliers, as the case may be.

       

      5.2         Foreground Intellectual
Property Rights.  All right, title and interest in and to
Foreground Intellectual Property Rights related to the Technology Platform shall
vest in NXP Software.

       

      5.3         License for
Project.  Each party hereby grants and shall cause its
Affiliates to grant to the other party and the other
party’s  Associated Companies a non-exclusive, non-transferable,
world-wide, royalty-free license, without the right to grant sub-licenses, under
any and all Intellectual Property Rights owned or controlled by that party or
its Affiliates, solely for the purpose of performing activities necessary for
the Platform Development Activities during the term of this Platform Development
Agreement.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      ARTICLE
6.0 – NO WARRANTY

       

      6.1         No
Warranty.  Any and all activities performed under this
Framework Development Agreement, any and all information as may be disclosed in
connection with this Framework Development Agreement and any and all
Deliverables delivered under this Framework Development Agreement shall be on an
“AS IS” basis, without any representation or warranty whatsoever.  Any
and all waranties, whether express, implied or statutory, including, but not
limited to any and all warranties related to merchantability, fitness for a
particular purpose, absence of errors and/or bugs, accuracy or completeness of
results, validity, scope or non-infringement of any Intellectual Property
Rights, are expressly disclaimed.

       

      IN
WITNESS WHEREOF, the parties have executed this Supplemental Agreement by their
duly authorized officers as of the Effective Date.

       

      
        
          
            
              	LOCATION
      BASED TECHNOLOGIES INC.	 	 	NXP
      SOFTWARE B.V.	 
	 	 	 	 	 
	
                      By:
      /s/ Joseph F. Scalisi

                    	 	 	
                      By:
      /s/ Stefan Franco 

                    	 
	
                      Name:
      Joseph F. Scalisi

                    	 	 	
                      Name:
      Stefan Franco 

                    	 
	
                      Title:
      Chief Development Officer

                    	 	 	
                      Title:
      Financial Director

                    	 
	Date:  February
      28, 2008	 	 	Date:  29
      February 2008	 

            

          

           

          
            
              	
                      Address
      for notices:

                    	 	 	
                      By:
      /s/ K. H. Van Holten 

                    	 
	
                       

                    	 	 	
                      Name:
      K. H. Van Holten 

                    	 
	
                      Location
      Based Technologies Inc.

                    	 	 	
                      Title:
      Director

                    	 
	4989
      E. La Palma Avenue	 	 	Date:  29
      February 2008	 
	Anaheim	 	 	 	 
	California
      92708	 	 	By:
      /s/ P.H.J. De Koning	 
	United
      States	 	 	
                      Name:
      P.H.J. De Koning

                    	 
	
                      Fax
      no: +1 (714) 200-0287

                    	 	 	
                      Title:
      Director

                    	 
	 	 	 	Date:  29
      February 2008	 
	 	 	 	 	 
	 	 	 	Address
      for notices:	 
	 	 	 	 	 
	 	 	 	Attention:
      Stefan Franco	 
	 	 	 	NXP
      Software B.V.	 
	 	 	 	High
      Tech Campus 41	 
	 	 	 	5656
      AE	 
	 	 	 	Eindhoven	 
	 	 	 	
                      Fax
      no: +31 40 27 25500

                    	 

            

          

        

      

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      EXHIBIT
PDA1

       

      Statement of
Work

       

      NXP
SOFTWARE will accelerate its Sy.sol based swGPS A-GPS product
roadmap.  NXP SOFTWARE and LBT intent to integrate the swGPS
technologies to provide a Technology Platform for LBT to build their
PocketFinder products upon.  NXP Software intents to make deliveries
in accordance with the Milestone Schedule detailed below.

       

      Milestone
Schedule

       

      
        
          	
                  #

                	
                  Description

                   

                	
                  Acceptance
      Criteria

                	
                  Date

                	
                  Value
      EUR

                
	
                  1

                	
                  Signature
      of this Platform Development Supplemental Agreement

                   

                	
                  Agreement
      Signature

                	
                  27/02/2008

                	
                  46,525

                
	
                  2

                	
                  Delivery
      of Arikara Embedded DSP engine to SMS Data Systems GmbH

                   

                	
                  As
      defined within the Arikara product specification v1 §3.1

                	
                  28/02/2008

                	
                  93,050

                
	
                  3

                	
                  Availability
      of development server for integration with LBT’s
      servers.  Delivery of service API documentation

                	
                  Delivery
      of API documentation and availability of service over IP
      connection

                   

                	
                  03/03/2008

                	
                  46,525

                
	 
      	 
      	 
      	
                  TOTAL

                	
                  186,100ex_10-4.htm

    
      

      

    

    
      EXHIBIT
10.4

       

      ASSISTANCE
SERVICES AGREEMENT

       

      THIS
ASSISTANCE SERVICES AGREEMENT IS MADE AND ENTERED INTO AS OF THE EFFECTIVE DATE
BY AND BETWEEN:

       

      1.           NXP
SOFTWARE B.V., a private company with limited liability incorporated under the
laws of the Netherlands, having its registered office in Eindhoven, the
Netherlands, with registration number 17192886 in the trade register of the
Netherlands Chamber of Commerce and Industry for Oost-Brabant, having a
principal place of business at High Tech Campus 41, 5656 AE Eindhoven, the
Netherlands (“NXP SOFTWARE”); and

       

      2.           LOCATION
BASED TECHNOLOGIES INC., a company incorporated in the state of Nevada, having
its principal place of business at 4989 E. La Palma Avenue, Anaheim, California,
92807 (“LBT”).

       

      WHEREAS:

       

      A.          NXP
SOFTWARE develops and licenses, amongst others, real-time software GPS
technologies;

       

      B.          NXP
SOFTWARE provides, amongst others, Internet-based GPS assistance
services;

       

      C.          LBT
develops GPS based consumer products for locating persons and/or
items;

       

      D.          NXP
SOFTWARE is willing to provide licenses and services for use of its software GPS
technologies by LBT in some or all of their consumer GPS-based
products;

       

      E.           The
Parties have executed a Framework Agreement that sets forth the principal terms
under which the parties shall conduct business;

       

      F.           This
Assistance Service Agreement sets forth the additional terms under which NXP
Software shall provide Internet based Assistance Services for use with NXP
SOFTWARE’s GPS technologies to LBT.

       

      SECTION
1.0 – FRAMEWORK AGREEMENT

       

      The terms
of the Framework Agreement shall apply to this Assistance Service Supplemental
Agreement (the “Supplemental Agreement”) mutatis mutandis.  In the
event that any term or clause herein shall be in conflict with any term or
clause within the Framework Agreement then the terms of this Assistance Service
Agreement shall prevail  for the exclusive and limited scope of this
Assistance Service Agreement.

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      ARTICLE
2.0 - ASSISTANCE SERVICES; LIMITED SERVICE LICENSE

       

      2.1         Service
Provision.  Subject to LBT’s payment of the Service Fees and
during the term of this Assistance Services Agreement, NXP SOFTWARE shall use
commercially reasonable efforts to provide the Assistance Services to LBT for
the exclusive use of the Assistance Services with the Products.

       

      2.2         Internet
Delays.  NXP SOFTWARE’s ASSISTANCE SERVICES MAY BE SUBJECT TO
LIMITATIONS, DELAYS, AND OTHER PROBLEMS INHERENT IN THE USE OF THE INTERNET AND
ELECTRONIC COMMUNICATIONS.  NXP SOFTWARE IS NOT RESPONSIBLE OR LIABLE
FOR ANY DELAYS, SERVICE FAILURES, OR OTHER DAMAGE RESULTING FROM SUCH
PROBLEMS.

       

      2.3         Failure of Third
Parties.  NXP SOFTWARE’S ASSISTANCE SERVICES ARE DEPENDENT UPON
THIRD PARTIES’ DELIVERIES AND SERVICES.  NXP SOFTWARE  IS
NOT RESPONSIBLE OR LIABLE FOR ANY DELAYS, SERVICE FAILURES, OR OTHER DAMAGES
RESULTING FROM THE FAILURE OF THIRD PARTIES TO DELIVER THESE DELIVERIES AND/OR
TO PERFORM THESE SERVICES.

       

      2.3         Service
License.  Subject to the terms and conditions of this
Assistance Service Agreement, NXP SOFTWARE hereby grants to LBT, and LBT hereby
accepts from NXP SOFTWARE, a non-exclusive, personal, non-transferable worldwide
usage license, without the right to sublicense, to the Assistance Services
(hereafter the “Licensed Services”), to:

       

          
(i)            use
the Licensed Services to implement a Cached Proxy Assistance
Service;

       

          
(ii)           use the
Cached Proxy Assistance Service for exclusive use in conjunction with the
Licensed Technology in Products;

       

          
(iii)          use the Cached
Proxy Assistance Service for maintaining and supporting its Products with the
integrated Licensed Software including, but not limited to:

       

                                    a.    performing
error-correction and Customer support on said Products;

       

                                    b.    testing and
evaluating the (performance of) the Licensed Software; and

       

                                    c.    training its
(support) engineers;

       

      2.4         No Other Rights or
Licenses.  Other than the limited usage license granted to LBT
under section 2 herein, no other rights or licenses are granted, or implied by
estoppel or otherwise, under any Intellectual Property Rights of NXP SOFTWARE
and/or its Affiliates or any intellectual property residing in the Assistance
Service of the Licensed Technology.

       

      2.5         End User Use by Cached
Proxy.  It is agreed by the Parties that End Users shall not
directly access the Licensed Services.  LBT shall take sole
responsibilities for implementing and maintaining a Cached Proxy Assistance
Service.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      2.6         Service
Level.  NXP SOFTWARE shall use all reasonable commercial
efforts to ensure that the Assistance Services do not experience more than four
(4) Service Outages in any calendar year.  Any Service Outage shall
not exceed four (4) hours in duration.

       

      2.7         Scheduled
Downtime.  NXP SOFTWARE reserves the right to schedule and
carry out Service Maintenance Downtimes for the Assistance Service for the
purposes of maintenance and upgrade.  In the event that NXP SOFTWARE
must carry out a Service Maintenance Downtime and prior to it being carried out,
the Parties shall agree in good faith a suitable time for such Service
Maintenance Downtime.

       

      2.8         No End User
License.  This Agreement shall not grant any license whatsoever
to any End User.

       

      ARTICLE
3.0 - SERVICE FEES

       

      In
consideration of the Services (to be) provided under this Assistance Services
Agreement, LBT shall pay to NXP SOFTWARE the non-refundable Service Fees as set
forth in Exhibit SA1.  In the event that parties wish to continue this
Services beyond the timeframe stipulated in Exhibit SA1, the parties shall enter
into negotiations to agree upon the new Service Fees and upon agreement of the
new Service Fees shall execute an appropriate amendment to this Assistance
Services Agreement to cover the extended period for which the Assistance
Services shall be continued.

       

      ARTICLE
4.0 - DURATION AND TERMINATION

       

      4.1         Duration.  This
Assistance Service Agreement shall become effective as of the date that the
Framework Agreement will become effective and shall remain in force for as long
as the Framework Agreement remains effective unless parties explicitly agree
otherwise.

       

      4.2         Termination.  LBT
may terminate this Assistance Services Agreement by serving a minimum of thirty
(30) days notice to NXP SOFTWARE prior to the next Service Fee Due
Date.  Such termination shall come into effect at the next Service Fee
Due Date.

       

      ARTICLE
5.0 – INTELLECTUAL PROPERTY RIGHTS

       

      5.1         Ownership of Assistance
Service.  NXP Software, its Affiliates licensors or suppliers
shall retain all right, title and interest, including all related Intellectual
Property Rights, in and to the Assistance Service and the Service
Infrastructure.

       

      5.2         No Offer of
Sale.  This Assistance Service does not, and shall not be
construed to , grant any license, right or title in, nor offer for sale, or
otherwise transfer, the Assistance Service, Licensed Technology or Service
Infrastructure, or any part thereof, to LBT or any other third
party.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      ARTICLE
6.0 – SERVICE INTEGRATION SUPPORT

       

      6.1         Integration
Support.  NXP SOFTWARE shall provide email and telephone based
technical support during the UK working hours of 9am GMT to 5pm GMT to LBT for
the limited purpose of integration of the Assistance Service from the Effective
Date until 1st May 2008.

       

      IN
WITNESS WHEREOF, the parties have executed this Supplemental Agreement by their
duly authorized officers as of the Effective Date.

       

      
        
          
            
              
                	LOCATION
      BASED TECHNOLOGIES INC.	 	 	NXP
      SOFTWARE B.V.	 
	 	 	 	 	 
	
                        By:
      /s/ Joseph F. Scalisi

                      	 	 	
                        By:
      /s/ Stefan Franco 

                      	 
	
                        Name:
      Joseph F. Scalisi

                      	 	 	
                        Name:
      Stefan Franco 

                      	 
	
                        Title:
      Chief Development Officer

                      	 	 	
                        Title:
      Financial Director

                      	 
	Date:  February
      28, 2008	 	 	Date:  29
      February 2008	 

              

            

             

            
              
                	
                        Address
      for notices:

                      	 	 	
                        By:
      /s/ K. H. Van Holten 

                      	 
	
                         

                      	 	 	
                        Name:
      K. H. Van Holten 

                      	 
	
                        Location
      Based Technologies Inc.

                      	 	 	
                        Title:
      Director

                      	 
	4989
      E. La Palma Avenue	 	 	Date:  29
      February 2008	 
	Anaheim	 	 	 	 
	California
      92708	 	 	By:
      /s/ P.H.J. De Koning	 
	United
      States	 	 	
                        Name:
      P.H.J. De Koning

                      	 
	
                        Fax
      no: +1 (714) 200-0287

                      	 	 	
                        Title:
      Director

                      	 
	 	 	 	Date:  29
      February 2008	 
	 	 	 	 	 
	 	 	 	Address
      for notices:	 
	 	 	 	 	 
	 	 	 	Attention:
      Stefan Franco	 
	 	 	 	NXP
      Software B.V.	 
	 	 	 	High
      Tech Campus 41	 
	 	 	 	5656
      AE	 
	 	 	 	Eindhoven	 
	 	 	 	
                        Fax
      no: +31 40 27 25500

                      	 

              

            

          

        

      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
SA1

       

      Description of Assistance
Services

       

      The
Assistance Service is described in the Arikara Product Specification v1.0
§3.2

       

      The
Assistance Service is designed to provide this assistance data to LBT’s server
which shall cache this data and provide it LBT’s Products as
required.

       

      LBT’s
server shall connect to the Assistance Server periodically to update the
assistance data that is has within its cache (hereafter the “Cache Update
Period”).  The Cache Update Period shall be no more frequently than
five (5) minutes.

       

      Service
Fees

       

      The
Service Fees are paid on a pre-payment basis on calendar quarters according to
the following schedule:

       

      
        	
                Calendar
      Quarter

              	
                Service Fee Due
      Date

              	
                Service
      Fee

                 

              
	
                Q2/2008

                 

              	
                1st
      April 2008

              	
                EUR

              	
                20,000.00

              
	
                Q3/2008

                 

              	
                1st
      July 2008

              	
                EUR

              	
                30,000.00

              
	
                Q4/2008

                 

              	
                1st
      October 2008

              	
                EUR

              	
                40,000.00

              
	
                Q1/2009

                 

              	
                1st
      January 2009

              	
                EUR

              	
                40,000.00

              
	 
      	
                Total

              	
                EUR

              	
                130,000.00

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