Exclusive Provider Agreement
Exhibit 99.15
The Agreement (dated April 1st, 2007) is entered into
between CryptoMetrics, Inc., a company organized under the laws
of the State of Delaware, USA (“CryptoMetrics”) and
BioDentity Systems, LLC, a company organized under the laws of
the United Arab Emirates (“BioDentity”).
WHEREAS BioDentity wishes to provide the Government of the
United Arab Emirates (or its designees or assignees) technology
for protecting critical infrastructure and key assets
comprehensive security solutions.
WHEREAS CryptoMetrics is a leading provider of security solutions
designed to protect critical infrastructure and key assets of a
nation and that of its businesses, its citizens and visitors.
WHEREAS BioDentity agrees to grant CryptoMetrics the exclusive
right to provide all such technology (both present and future
enhancements) and operational support to BioDentity for its
endeavors to provide comprehensive security solutions to its
customers and partners, wherever contractually located.
WHEREAS BioDentity (its successors or assignees) agrees to grant
this exclusive right to CryptoMetrics in perpetuity.
WHEREAS CryptoMetrics grants to BioDentity a license to utilize
CryptoMetrics technology in providing security solutions to
BioDentity, its customers and partnerships.
WHEREAS Xx. Xxxxxx Xxxxx and Mr. Xxx Xxxx, on behalf
of CryptoMetrics shareholders of record, have also entered into
certain arrangements in conjunction with providing a National
Infrastructure Security (NISEC) System to the United Arab
Emirates (the “UAE”).
THEREFORE, in consideration of the above:
1. BioDentity agrees to repay any and all amounts expended
by CryptoMetrics in conjunction with the implementation of the
NISEC System and its deployment of the NISEC System within the
UAE.
2. CryptoMetrics also agrees to advance to BioDentity up to
one million (1,000,000) dollars (US Funds) to fund initial
working capital and startup costs, as needed.
3. BioDentity agrees to repay this amount to CryptoMetrics
within the first full year of its operation.
4. BioDentity acknowledges that, although it will
exclusively use CryptoMetrics technology in its endeavors,
CryptoMetrics retains all of the rights and ownership of its
technology and is not restricted to sell or provide its
technology to others.
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CryptoMetrics, Inc.
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BioDentity Systems, LLC |
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By: /s/ Xxxxxx
Xxxxx Name: Xxxxxx Xxxxx Title: Co-Founder and CEO |
By: /s/ Xxx
Xxxxxxxxxx Name: Xxx Xxxxxxxxxx Title: General Manager |
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