Document:

nsj_ex106.htm

EXHIBIT 10.6

 

Agency Agreement

 

 

December 20, 2011

 

 

This Agreement made and entered into this 20th day of December of 2011 by and between NET CREATION CO., LTD. a corporation duly organized and existing under the laws of Japan and having its principal place of business at 1-8-10 TOKO Bldg, Muromachi, Nihonbashi, Chuo-ku, Tokyo 103-0022, Japan(hereinafter called Supplier) and NSJ-US Co., LTD. a corporation duly organized and existing under the laws of the State of Nevada and having its principal place of business at 1955 BARING BLVD, SPARKS, NV 89434, USA(hereinafter called Agent)

 

WITNESSETH:

 

WHEREAS, Supplier is desirous of exporting the services hereinafter specified to the territory hereinafter specified and to appoint Agent as its sole agent under the terms and conditions stipulated herein, and

 

WHEREAS, Agent is desirous of acting as a commission agent for Supplier's sales of the said products under the said terms and conditions in the said territory,

 

NOW, THEREFORE, it is mutually agreed as follows:

 

Article 1 Appointment

 

During the life of this Agreement, Supplier hereby appoints Agent as its commission agent to solicit orders for Services as stipulated in Article 2 hereof, from customers in Territory as stipulated in Article 3 hereof, and Agent accepts such appointment.

 

Article 2 Services

 

The services covered under this Agreement shall be confined to deputize services of Google adwards and Yahoo! Listing advertisement (hereinafter called Services).

 

Article 3 Territory

 

The territory covered under this Agreement shall be confined to

 

U.S.A (hereinafter called Territory).

 

  

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Article 4 Privity

 

(1) Agent's function hereby entrusted shall consist in soliciting orders from customers for Supplier and in affording a reasonable assistance for the sake of Services in Territory with a view to helping Supplier.

 

(2) gent shall not be authorized to conclude contract or receive payment on Supplier's behalf, and shall not make any representation, warranty, promise or any other act binding Supplier.

 

Agent shall protect, defend, indemnify and reimburse Supplier from any claim, debt and liability resulting from any act made by Agent in excess of or contrary to Agent's function specified hereunder.

 

Article 5 Exclusivity

 

Agent shall not solicit orders outside Territory nor tender Services to any person or corporation whose business domicile is outside Territory. However, Agent shall forward to Supplier without any claim to commission any inquiry or order from such person or corporation.

 

Article 6 Scope of Work.

 

(1) Supplier shall make the materials for marketing and report the required information for sales to Agent.

 

(2) When Supplier accepts an order from Agent, Supplier shall supply the services without delay.

 

(3) Agent shall do sales promotion for Services

 

(4) When Agent accepts an order from client, Agent shall report the order to Supplier by mail without delay.

 

(5) Agent shall collect the bill of Services.

 

  

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Article 7 Commission

 

(1) Supplier bills Agent for amount of sixty (60) percent of Service charge by cycle billing.

 

(2) Agent shall pay the amount to Supplier’s bank account before the final day of next month.

 

Article 8 Confidentiality

 

The commercial information given by Supplier will be supplied and disclosed to Agent in confidence. Except where such confidential information otherwise becomes public knowledge, Agent shall not disclose such confidential information or otherwise use it except for such disclosure to employees and buyers as may be necessary in connection with sale and use of Services.

 

The obligations of this Article shall survive termination of this Agreement for the period of one(1) year after such termination.

 

(2) Before engaging in any or particular advertising for Supplier, such as press advertisements, pamphlets, circulars, exhibition arrangements, etc., Agent shall obtain Supplier's approval in writing.

 

(3) Agent shall give Supplier all reasonable assistance in advertising campaigns to be run by Supplier itself in Territory.

 

(4) Supplier shall provide Agent free of charge with all available documentation required to exercise agent business.

 

Such documentation shall include catalogs, pamphlets, price lists, Supplier's general terms and conditions of sale, contract forms used by Supplier, etc.

 

Article 9 Compliance

 

Agent states compliance with any law in sales promotion.

 

Article 10 Force Majeure

 

(1) Supplier shall report contingency on server system to Agent without delay.

 

(2) In case of (1), Supplier shall discuss with Agent.

 

  

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Article 11 Duration

 

(1) This Agreement shall be valid and in force for a period of one (1) year commencing from the date appearing at the first above written upon the signing of both Supplier and Agent and shall be automatically renewed thereafter on a year to year basis, unless either party hereto gives the other party a written notice not to renew this Agreement at least thirty (30) days before expiration of the original term or any extension of this Agreement.

 

(2) Either party hereto may cause this Agreement to be terminated upon the expiration of the said one year or renewed term without paying the other party any remuneration for such termination.

 

Article 12 Termination

 

(1) In case there is a default by either party of any provision of this Agreement during the life of this Agreement, the parties hereto shall first of all try to settle any matter arising from such default as soon and amicably as possible to mutual satisfaction. Unless settlement should be reached without delay after notification in writing of the other party, such other party has the right to terminate this Agreement and the loss and damages sustained thereby shall be indemnified by the party responsible for such default.

 

(2) Either party hereto has the right to terminate this Agreement without any notice to the other party in the event of such other party's bankruptcy, insolvency, dissolution, modification, consolidation, receivership proceedings affecting the operation of business or discontinuation of business for any reason and/or reorganization by the third party.

 

Article 13 Assignment

 

The right and obligations of this Agreement shall not be assigned without the prior written consent of the other party.

 

Article 14 Exclusive Court

 

An exclusive court under this agreement is a district court of Tokyo.

 

Article 15 Trade Terms & Governing Law

 

This Agreement shall be governed by and under the laws of Japan as to all matters including validity, construction and performance.

 

  

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement and duplicate to be signed and sealed by their duly authorized officers or representatives on the date first above written.

 

Supplier:

 

NET CREATION CO., LTD.

 

Representative Director  Takanaga Ichikawa

 

Agent:NSJ-US Co., Ltd.

 

President  Toshikazu Joko

 

  

5wns_ex42.htm

Exhibit 4.2

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT") OR UNDER THE LAWS OF ANY STATE OR OTHER JURISDICTION. THIS NOTE MAY NOT BE OFFERED OR SOLD UNLESS REGISTERED UNDER THE ACT AND UNDER THE LAWS OF THE STATES WHERE EACH SALE IS MADE, OR AN EXEMPTION FROM THE

REGISTRATION REQUIREMENTS IS AVAILABLE IN THE OPINION OF COUNSEL SATISFACTORY TO THE BORROWER.

 

PROMISSORY NOTE

 

FOR VALUE RECEIVED, WNS Studios, Inc., a Nevada corporation with an address at 3811 13th Avenue, Brooklyn, NY 11218 (the "Borrower"), hereby promises to pay to the order of P&G Holdings LLC. (the "Holder"), with an address at 3811 13th Avenue Brooklyn NY 11218, the aggregate principal amount of the Loan (as defined below) which is outstanding from time to time and evidenced hereby plus interest thereon as set forth below.

 

Until the 4th anniversary of the date of this Note, upon at least two (2) business days' prior written notice to the Holder, the Borrower may borrow from the Holder, from time to time, any amount in increments of up to $100,000.00 and the Holder shall advance to the Borrower such amount that is so requested by the Borrower; provided, however, that the aggregate principal amount outstanding under this Note shall not exceed $126,274.70 at any given time and the Holder shall not be obligated to make any advances if an Event of Default has occurred and is continuing. The principal amount borrowed and outstanding under this Note is sometimes referred to herein as the "Loan".

 

Interest shall accrue on the outstanding principal amount of this Note at the rate of Six percent (6.0%) per annum, beginning on the date of this Note until this Note is paid in full. The principal amount of the Loan and all accrued and unpaid interest shall be due and payable on November 1, 2015 (the "Maturity Date"). Upon the occurrence and during the continuance of any Event of Default (as defined below), the amounts then due and payable under this Note (including the entire principal and accrued interest if such payments are accelerated at the election of the Holder) shall bear interest equal to the lesser of (a) the maximum amount pemiitted to be charged under applicable law or (b) fifteen (15%) percent per annum from the due date thereof until paid in full or such Event of Default has been cured or waived (the "Default Interest Rate").

 

The following additional terms shall apply to this Note:

 

ARTICLE I

 

GENERAL

 

1.1 Payment records: The amount, date and unpaid balance of the loan shall be as evidenced by the applicable books and recors of the Holder, wich shall be conclusive evidence thereof in the absence of manifest error. The Holder is hereby authorized to endorse such particulars of the Loan on the grid attached hereto.

 

  

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1.2 Payment on Non-Business Day. If this Note, or any payment hereunder, falls due on a Saturday, Sunday or a New York public holiday, this Note shall fall due or such payment shall be made on the next succeeding business day and such additional time shall be included in the computation of any interest payable hereunder.

 

1.3 Cost of Collection. If any payment due hereunder is not paid when due, the Borrower agrees to pay all costs of collection, including attorney's fees, all of which shall be added to the amount due hereunder, such charges to bear interest at the Default Interest Rate. In addition, if this Note is referred by Holder to any attorney for collection, the Borrower shall pay all attorney fees incurred by Holder therefor.

 

1.4 Prepayment. The Borrower may prepay all or part of this Note without penalty or premium.

 

ARTICLE II

 

EVENTS OF DEFAULT

 

The occurrence of any of the following events of default (each an "Event of Default") shall, at the option of the Holder, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable:

 

2.1 The Borrower fails to pay the principal of this Note or interest hereon when due.

 

2.2The Borrower breaches any material covenant or other material term or condition of this Note.

 

2.3 Any representation or warranty of the Borrower made herein or in any certificate given in writing pursuant hereto or in connection herewith shall be false or misleading in any material respect.

 

2.4 The Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for its or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

 

2.5 Any money judgment, writ or similar process shall be entered or filed against Borrower or any of its property or other assets for more than $2,000, and shall remain unvacated, unbonded or unstayed for a period of thirty (30) days.

 

2.6 Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower.

 

  

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ARTICLE III

 

REPRESENTATIONS OF BORROWER

 

Representations and Warranties of the Borrower. The Borrower hereby represents and warrants to the Holder that:

 

3.1 Organization, Good Standing and Qualification. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada.

 

3.2 Authorization. All organizational action on the part of the Borrower, its officers and directors necessary for the authorization, execution and delivery of this Note and the performance of all obligations of the Borrower hereunder has been taken and the Note constitutes valid and legally binding obligations of the Borrower, enforceable against the Borrower in accordance with its terms.

 

3.3 Governmental Consents. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority on the part of the Borrower is required in connection with the consummation of the transactions contemplated by this Note.

 

3.4 Compliance with Other Instruments. The Borrower is not in violation or default of any provisions of its Certificate of Incorporation or By-laws or of any material instrument, judgment, order, writ, decree or contract to which it is a party or by which it is bound or of any provision of federal or state statute, rule or regulation applicable to the Borrower. The execution, delivery and performance of this Note and the consummation of the transactions contemplated hereby will not result in any such violation or be in conflict with or constitute, with or without the passage of time and giving of notice, either a default under any such provision, instrument, judgment, order, writ, decree or contract or an event which results in the creation of any lien, charge or encumbrance upon any assets of the Borrower.

 

ARTICLE IV

 

MISCELLANEOUS

 

4.1 Failure or Indulgency Not Waiver. No failure or delay on the part of Holder hereof in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege. All rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise available.

 

4.2 Notices. All notices or other communications given or made hereunder shall be in writing and shall be deemed delivered the day such notice is delivered by personal service or mailed by overnight courier to the party to receive the same at its address set forth below or to such other address as either party shall hereafter give to the other by notice duly made under this Section 4.2: (i) if to the Borrower, to same at the address of Borrower set forth above, and (ii) if to the Holder, to the address of Holder set forth above.

 

  

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4.3 Amendment. This Note shall only be amended by a writing signed by both parties hereto.

 

4.4 Assignability. The Borrower may not assign the rights and obligations under this Note to a third party without the prior written consent of the Holder. This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to the benefit of the Holder and its successors and assigns.

 

4.5 Governing Law. This Note has been executed in and shall be governed by the internal laws of the State of New York, without regard to the principles of conflict of laws. Borrower consents to the jurisdiction of the courts sitting in New York in connection with any and all actions arising under this Note.

 

IN WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer on this Is' day of November, 2011.

 

 

	 	

WNS STUDIOS, INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Moses Gross	 
	 	 	Name: Moses Gross	 
	 	 	Title: President	 
	 	 	 	 
	 	
P&G HOLDINGS, LLC.

 

	 
	 	By: 	/s/ Moses Gross	 
	 	 	Name: Moses Gross	 
	 	 	Title: Managing Member	 

	  

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