LIMITED TERM & TERRITORY LICENSE AGREEMENT
LIMITED
TERM & TERRITORY LICENSE
AGREEMENT
THIS
AGREEMENT
(hereinafter “License Agreement”) is entered into on the date indicated herein
below, by and among Alkemi
International Pty Ltd (“Licensee”),
with its place of business at CAN
091 104 997 of Xxxxx 0, 0 Xxxxxx Xxxx, Xxxxxxxxx Xxxxxxxx 0000
Xxxxxxxxx
and
Future Now, Inc.(“FNI”), a Delaware corporation with its principal place of
business at 0000 Xxxx 00xx Xxxxxx, Xxxxxxxx, XX. 00000, and Persuasion
Architecture, Inc. (“PAI”), Delaware corporation with its principal place of
business at 0000 Xxxx 00xx Xxxxxx, Xxxxxxxx, XX, 00000 a wholly-owned subsidiary
of FNI (both “FNI” and “PAI” together, referred to as the “Licensor”). This
Agreement hereby supersedes any and all prior written or verbal agreements
between the Licensor and Licensee.
WHEREAS,
the
Licensee is in the business of, among other things, Internet marketing
consultation; and
WHEREAS,
the
Licensor owns and continues to developed a proprietary methodology and business
process which it calls Xxxxxxx Architectural Process (“MAP”) and previously
entered into an Agreement dated July 28, 2004, with the Licensee relating to
the
license or sale to Licensee of the MAP Technology (the “Prior Agreement”); and
WHEREAS,
the
Licensee and Licensor (the “Parties” or, individually, a “Party”) wish to enter
into this License Agreement pursuant to which the Licensor grants to the
Licensee the limited
term exclusive right and license
to MAP
during the term of this License Agreement under the terms and conditions
contained herein; and
NOW
THEREFORE,
agreeing and acknowledging that this License Agreement is supported by good
and
valuable consideration, the sufficiency and adequacy of which are hereby
expressly acknowledged, the Parties hereby agree as follows:
1. Definitions:
As used
herein the following terms have the following meanings:
1.1 The
Parties:
The term
“Party” or “Parties” shall mean Alkemi on the one hand and PAI and FNI -
collectively - on the other hand. Wherever a Party has an obligation under
this
License Agreement, or a right as described herein, PAI and FNI shall be
considered one Party.
1.2 MAP
Technology.
The
term “MAP Technology” shall mean all of the following owned or used by FNI
and/or PAI, now or at any time in the future that relate to the creation of
persuasive websites, including without limitation, any patent rights that may
develop, the Xxxxxxx Architecture Process, and all copyrights, trade secrets,
know-how and proprietary and confidential information related thereto;
inventions; processes; systems; designs and specifications; and books, records,
writings, computer storage media, and other physical manifestations, embodiments
or incorporations of any of the foregoing.
1.3 Improvements.
The
term “Improvement” means any and all improvements to or derivatives of the
patent rights or MAP Technology, including without limitation, enhancements,
modifications, updates, new versions, features or functionality.
1.4 Territory.
The
term “Territory” shall mean Australia and New Zealand.
1.5
Licensed
Products.
The
term “Licensed Products” shall mean all products that are made or used by the
Licensee with the scope of the MAP Technology.
1.5 Term.
The
term “Term” shall mean the time period identified in Section 6.1.
1
2.
Grant of Rights and License. Subject
to the terms of this License Agreement, and in consideration of the payment
of
the amounts set forth herein and, if applicable, payments previously made by
the
Licensee, the Licensor hereby grants to the Licensee the exclusive right as
further described in this License Agreement, and as only limited in terms of
Territory and Term, to practice under the MAP Technology and the Improvements,
and to make, have made, practice, have practiced, use, sell, copy, distribute,
modify, create, copy and distribute derivative works, market, promote, license
and otherwise commercially exploit the MAP Technology, all related intellectual
property rights and all products or services (including training or support)
which embody the foregoing.
3.
Improvements. If
the
Licensor has previously developed or hereafter develops any Improvement to
the
MAP Technology, Licensor shall promptly disclose such Improvements to Licensee
and such Improvements shall become a part of this Agreement and licensed to
the
Licensee hereunder. If any such Improvement may be patentable, the Licensor
shall have the first option to file a patent application in it’s name. The
expense (including all attorney’s fees) of filing, securing, prosecuting and
maintaining patent or other intellectual protection on such Improvement shall
be
borne by the Licensor.
4.
Notice
of Infringements; Protection of Intellectual Property
Rights.
The
Licensee shall immediately notify and inform the Licensor of any actual or
potential infringement of the MAP Technology, which may come to the Licensee’s
attention. Subject to the additional provisions of this section, the Licensor
may, in its sole discretion, take whatever steps it deems necessary or advisable
to terminate or resolve any such actual or potential infringement. If the
Licensor shall elect not to pursue or defend any action, the Licensee, at its
sole cost and expense and with the Licensor’s approval, may undertake such
action to resolve or terminate such infringement, and the Licensor shall
cooperate with the Licensor to resolve or terminate such
infringement.
(a) The
Licensor shall maintain any patent rights it so obtains in good standing and
shall pay all maintenance fees due thereon during the term. The Licensor, having
the right of ownership of any Improvement hereunder, shall be responsible for
all costs and expenses of applying for any U.S. or foreign patent protection.
(b) In
the
case of any infringement of any patent rights or any violation of any other
intellectual property right in the MAP Technology by any third party during
the
term of this Licensee Agreement, the Licensor shall have the right, at its
own
expense, to cause such third party to cease such infringement and to otherwise
enforce such patent rights or such other intellectual property right. The
Licensee shall assist the Licensor as reasonably requested, at the Licensor’s
expense, in taking any such action against any such infringer. This paragraph
shall survive the termination or expiration of this License
Agreement.
5.
Obligations
of the Parties.
The
Parties agree that each will perform the following services or provide the
following products, or otherwise have the following obligations during the
term
of this License Agreement:
5.1 By
Licensor:
The
Licensor shall provide to Licensee, and Licensee shall purchase, license and/or
pay the Licensor the amounts set forth on Exhibit “A” to this License Agreement
for the products, services, or training/support (the “Licensor Offerings”) also
set forth in Exhibit “A” which Exhibit is hereby made a part of this License
Agreement by specific reference. The Licensor shall accept such amounts in
full
payment and satisfaction for the provision of the Licensor Offerings as
described in Exhibit “A.”
5.2 By
Licensee:
The
Licensee shall sell
directly or through resellers
the
delivery of the Licensor Offerings to its current and/or prospective clients,
and/or to the current or prospective clients of any reseller. The Licensee
shall
pay the Licensor the amounts set forth on Exhibit “A,” and Licensor shall accept
such amounts in full payment and satisfaction of the payment obligation(s)
of
the Licensee.
2
5.3 Exclusivity
Clause:
The
Parties agree that this License Agreement and the rights granted to Licensee
in
this License Agreement shall be “exclusive” as set forth below:
5.3(a)
Exclusivity:
The
Licensor shall not enter into an agreement with any other search engine
optimization, positioning or marketing firm or any agency, advertising agency
or
organization engaged, whether directly or indirectly, in the performance of
search engine optimization, positioning or marketing, to offer, license,
distribute, sell or resell, or otherwise commercially exploit Licensor’s
products or services during the Term of this Licensing Agreement and any
subsequent renewals thereto within the Territory as defined herein.
Notwithstanding the foregoing, and on a “case-by-case basis,” where the Licensor
encounters a business opportunity which may violate this provision, the Licensor
shall not enter any agreement without first obtaining written authorization
from
the Licensee to be relieved from this exclusivity clause, such relief to be
considered on a case-by-case basis.
6.
Additional
Terms & Conditions.
The
Parties agree that the following additional terms and conditions shall apply
to
this License Agreement and the resulting relationship between the
Parties:
6.1 Term
and Termination.
This
License Agreement is for a set term of 18 months from the effective date set
forth below. At the end of such term, Licensee shall have the option to renew
this License Agreement for successive 18-month periods (“Renewal Period”) by
sending notice to the Licensor of such election at least ten (10) days prior
to
the end of the initial term or any renewal term. For a Renewal Period to be
made
effective the Licensee must receive written acknowledgement of the Licensor’s
acceptance of the renewal option. The amounts due to either Party under any
renewal of this License Agreement shall be those amounts reflected in Exhibit
“A” under “Renewal Amounts.” Notwithstanding this automatic renewal clause,
either Party may terminate this Agreement as follows:
6.1(a) A
non-breaching Party, at their sole and exclusive election, may terminate this
License Agreement, or suspend performance of its obligations hereunder, upon
written notice, if the other Party shall be subject to one or more of the
following events; the
filing by a Party of an involuntary petition in bankruptcy, the entry of a
decree or order by a court or agency or supervisory authority of competent
jurisdiction for the appointment of a conservator, receiver, trustee in
bankruptcy or liquidator for a Party in any insolvency, readjustment of debt,
marshaling of assets and liabilities, bankruptcy or similar proceedings, or
the
winding up or liquidation of its affairs, and the continuance of any such
petition, decree or order undismissed or unstayed and in effect for a period
of
sixty (60) consecutive days; or the consent by a Party to the appointment of
a
conservator, receiver, trustee in bankruptcy or liquidator in any insolvency,
readjustment of debt, marshaling of assets and liabilities, bankruptcy or
similar proceedings of or relating to a Party, or relating to substantially
all
of its property, or if a Party shall admit in writing its inability to pay
its
debts generally as they become due, file a petition to take advantage of any
application insolvency, reorganization or bankruptcy statute, make an assignment
for the benefit of its creditors or voluntarily suspend payment of its
obligations.
6.1(b) A
non-breaching Party may also terminate this Licensing Agreement or suspend
performance of its obligations hereunder, upon written notice at any time as
a
result of a material breach of this Licensing Agreement as follow: (i) the
non-breaching Party shall provide written notice of its claim of a material
breach; (ii) the Party receiving such notice shall be afforded 30 days to cure
the breach; and (iii) if, after providing notice of a material breach and where
the Party receiving such notice fails to cure the conditions causing such
material breach, this Licensing Agreement shall be terminated (or suspended,
at
the election of the non-breaching Party).
6.1(c) Either
Party may terminate this Licensing Agreement with the expressed written consent
of the other Party.
3
6.1(d) All
rights and obligations of both Parties as contained in each and every paragraph
of this Licensing Agreement shall remain in full force and effect during the
notice period. Upon termination of this Licensing Agreement for any reason
in
accordance with this Licensing Agreement, and at the specific written request
of
either Party, each Party so requested shall return any products or materials
of
the other Party which such Party may have in its possession within five (5)
business days after the date of termination. Termination by either Party shall
relieve both Parties of any remaining obligations under this Licensing
Agreement, but shall not affect any existing rights of either Party under this
Licensing Agreement that exist at the time of termination. The following
paragraphs of this Licensing Agreement shall survive termination: 6.2, 6.3,
6.5
and 6.8.
6.2 Confidentiality
& Non-Disclosure Obligation.
The
Parties understand and acknowledge that in the course of the business
relationship contemplated under this Licensing Agreement, information of a
confidential, proprietary and/or trade secret nature may be revealed by one
Party (the “Disclosing Party”) to the other Party (the “Receiving Party”) and
that such information constitutes valuable business assets of the Disclosing
Party. “Confidential Information” means any and all proprietary information,
trade secrets, know-how and technical data, including but not limited to,
products, data, compilations, algorithms, code, software, processes, systems,
technology, and databases, whether on computer discs, tapes, CD, DVD or other
media for sorting, storing or displaying information and including information
that is marked as “confidential” or should be reasonably understood to be
confidential or proprietary by either Party. The Receiving Party agrees that
for
the Term of this Licensing Agreement and for two (2) years after termination
of
this Licensing Agreement, the Receiving Party will not disclose the Confidential
Information to any third party (except as required by law), nor use the
Confidential Information for any purpose not permitted under this Licensing
Agreement or any purpose not specifically linked to the Services. The
nondisclosure obligations set forth in this Section shall not apply to
information that the Receiving Party can document is generally available to
the
public (other than through breach of this Agreement) or was already lawfully
in
the Receiving Party’s possession at the time of receipt of the information from
the Disclosing Party. The Parties further agree that documents created, source
code developed and methodologies generated including but without limitation,
all
copyrights, remain the property of the Party possessing such right(s) and that,
except for the licenses and rights to use any confidential information granted
under this Licensing Agreement, the other Party shall not disclose, use, employ,
task, distribute, transfer or sell any such materials without the prior express
written permission and consent of the other. Such intellectual property is
specifically not designated as “works made for hire” pursuant to 17 U.S.C. §101.
6.3 Non-Solicitation.
The
Parties agree that neither Party will hire, recruit, solicit, employ, or make
any offer of employment to, or cause or encourage another to hire, recruit,
solicit, employ or make any offer of employment to, any employee of the other
Party until one (1) year after the termination of such employee’s employment
with a Party; and that neither Party will encourage or cause another to
encourage any employee of the other Party to terminate his/her employment with
that Party. The Parties further agree that they will not encourage any employee
to breach any non-compete nor non-disclosure agreement in effect between any
employee/former employee of the other and any such Party.
6.4 Warranties
and Disclaimers.
The
Parties agree to the following warranties and/or disclaimers as they pertain
to
their respective services or obligations under this License
Agreement:
6.4(a) The
Licensee represents and warrants that that it will use its best efforts and
professional abilities in implementing the MAP Technology under this License
Agreement.
6.4(b) The
Licensor represents that it has used its best efforts and professional abilities
to test its’ business processes and that M.A.P. will perform as represented to
create persuasive architecture.
6.4(c) The
Licensor represents that its deliverable products shall meet the needs of the
Licensee or Licensee’s clients for creating persuasive
architecture.
4
6.5 Indemnification.
The
Parties agree to the following indemnifications with respect to the respective
services or obligations under this Agreement:
6.5(a) The
Licensee shall indemnify and hold the Licensor and its officers, directors,
employees and agents harmless from and against any and all third party claims,
actions, losses, damages, liability, costs and expenses (including, without
limitation, reasonable attorneys’ fees) arising out of or in connection with the
sole gross negligence or willful misconduct of the Licensee, its employees,
officers, directors or agents as it pertains to the provision of services to
clients, including, if applicable, resellers under this License Agreement.
The
Licensee shall further indemnify and hold the Licensor, harmless from and
against any and all third party claims alleging violations or infringement
by
the Licensee of patents, trademarks or copyrights of any third party.
6.5(b) The
Licensor shall indemnify and hold harmless the Licenser and its officers,
directors, managers, members, stockholders, employees, customers, and agents
and
their successors and assigns (each a “Licensee Indemnitee”), against third party
claims, suits, actions, demands or judgments whether arising directly or
indirectly (i.e., a cross-claim or third-party claim) against any Licensee
Indemnitee that any claim covered by the MAP Technology or Improvements
developed by the Licensor infringes a patent, trademark, copyright or other
intellectual property of a third party, or misappropriates a trade secret of
a
third party.
6.6 Interpretation.
The
subject headings herein are for convenience of reference only and shall in
no
way affect interpretation of this License Agreement. This License Agreement
may
be executed in counterparts, all of which together shall be deemed one and
the
same License Agreement. In the event of a dispute hereunder, this License
Agreement shall be interpreted in accordance with its fair meaning and shall
not
be interpreted for or against a Party hereto on the ground that such Party
drafted or caused to be drafted this License Agreement or any part thereof.
6.7 Applicable
Law.
The
validity, interpretation, enforceability, and performance of this Agreement
shall be governed by and construed in accordance with the law of the State
of
New York without regard to any conflicts of laws provisions or any provisions
and the Parties to this License Agreement consent to the jurisdiction of the
courts, whether state or federal, located in the New York City. If any part,
term or provision of the License Agreement shall be held illegal, unenforceable,
or in conflict with any law of a federal, state or local government having
jurisdiction over this License Agreement, the validity of the remaining portions
of provisions shall not be affected thereby and each and every term shall be
valid and enforceable to the fullest extent and in the broadest application
permitted by law.
6.8 Limitation
and Exclusion of Liability.
The
Parties agree that neither the Licensor nor Licensee shall be liable to each
other or any other third party, where applicable, for any loss, cost, damage
or
expense incurred as a result of, but not limited to any unavailability or
inoperability of the either Party’s web site or the Internet, technical
malfunction, computer error or loss or corruption of data, or other injury,
damage or disruption of any kind. In no event shall either Party be liable
for
any indirect, incidental, consequential, special or exemplary damages,
including, but not limited to, loss of profits, or loss of business opportunity,
even if such damages are foreseeable and whether or not either Party has been
advised of the possibility thereof. This limitation of liability shall not,
however, apply to violations of paragraphs 6.2, 6.3, 6.4, and 6.5.
6.9 Resolution
of Disputes.
The
Parties shall attempt to resolve any controversy or claim arising out of or
relating to the creation, performance, termination and/or breach of this License
Agreement in the first instance through non-binding good faith negotiation
and
mediation between the Parties. In the event that such negotiation and mediation
fails to resolve such claim or controversy, or if either Party fails to
reasonably participate in or respond to negotiation or mediation or attempts
by
a Party to negotiate or mediate in good faith, the Party seeking redress under
this License Agreement may be relieved from any further obligation to proceed
with negotiation, and the controversy or claim shall be submitted to the courts
of the State of New York.
5
6.10 Severability.
Each
provision of this License Agreement is intended to be severable. If any term
or
provision hereof shall be determined by legal or proper authority to be illegal
or invalid for any reason whatsoever, such provision shall be severed from
this
License Agreement and shall not affect the validity of the remainder of this
License Agreement.
6.11 Modifications
and Waivers.
No
failure or delay on the part of either Party in exercising any right, power
or
remedy under this License Agreement shall operate as a waiver of such right,
power or remedy, nor shall any single or partial exercise of any such right,
power or remedy preclude any other right, power or remedy. Unless otherwise
specified, any amendment, supplement or modification of or to any provision
of
this License Agreement, any waiver of any provision of this License Agreement
and any consent to any departure by the Parties from the terms of this License
Agreement, shall be effective only if it is made or given in writing and signed
by both Parties.
6.12 Notices.
All
notices, requests and communications required or permitted hereunder shall
be in
writing and shall be sufficiently given and deemed to have been received (i)
upon delivery, if delivered personally with written receipt, (ii) three (3)
days
after posting by certified mail, postage prepaid, return receipt requested,
(iii) upon confirmed receipt, if delivered by telecopier, or (iv) the next
day
if delivered by a recognized overnight commercial carrier, such as Federal
Express or DHL, addressed in each instance to the Parties at the addresses
set
forth below at the end of this License Agreement (or at such other addresses
as
shall be given by either of the Parties to the other in accordance with this
Section).
6.13 No
Agency.
The
Parties to this Licensee Agreement are independent contractors. Neither Party
is
an agent, representative, or partner of the other Party. Neither Party shall
have any right, power, or authority to enter into any agreement for or on behalf
of, or to incur any obligation or liability of, or to otherwise bind the other
Party.
6.14 No
Assignment.
This
License Agreement may not be assigned by either Party without the prior, written
consent of the other Party, except for an assignment to an acquiring Party
in
the event of the acquisition of all, or substantially all, of the capital stock
or assets of the assigning Party or the merger of the assigning Party in a
business combination. No such assignment shall be effective without the written
agreement of the assignor and assignee to fulfill all of the obligations of
the
assignee under this License Agreement and the assignor shall also be liable
to
the extent the obligations of the assignee are not fully performed to the
satisfaction of the non-assigning Party. This License Agreement shall be binding
on, and shall inure to the benefit of, the authorized successors and assigns
of
the Parties hereto.
6.15 Reseller
Arrangements.
The
Parties agree that during the term of this License Agreement, or any extensions
thereto, the Licensee may enter into Reseller Agreements, strictly within the
Territory as defined, and as explicitly provided for under an Licensor approved
form - Reseller Agreement.. Within thirty (30) days of the execution of a
Reseller Agreement, the Licensee must deliver a copy of such to the Licensor.
A
failure of such delivery will represent a material breach here in under of
this
Licensing Agreement and be immediate grounds for Termination. It is understood
by the Parties that no intellectual property rights will be granted under the
Reseller Agreement and that all services provided under such will be performed
by either the Licensor or the Licensee, as properly trained and certified under
Section 6.18 below.
6.16 Non-Compete
Covenant of Licensee.
The
Parties further agree that Licensee shall treat and otherwise recognize the
Licensor as a third party beneficiary to any non-disclose/non-compete agreement
executed by any Licensee senior manager in any way involved in selling or
performing the Licensor services pursuant to this License
Agreement.
6
6.17 Custom
Consulting.
The
Parties further agree that the Licensor shall, but only as requested, provide
any and all reasonable, necessary and proper consulting and support services
to
assist Licensee in implementing MAP or selling other products to clients
(collectively “Custom Consulting”). The specific costs of providing such Custom
Consulting shall be agreed to by both parties on a case-by-case
basis.
6.18 Certification
of Licensee.
The
Licensor shall, upon provision of reasonable training and support, certify
and
identify the Licensee, and/or associated employees, resellers, other referred
third parties, as “MAP Certified Persuasion Architects.”
6.19 Record-Keeping
and Audit Rights.
The
Licensee will keep accurate books and records showing all financial transactions
and contract information, which is or are the subject of this License Agreement
or which would otherwise obligate a Party to make payment(s) to the other.
The
Licensor shall have the right, but not more than twice annually, and at a
reasonable time and upon reasonable written notice, to inspect the relevant
books and records of the Licensee (wherever located) and create summaries
related to any financial transactions that are the subject of this License
Agreement. If any inspection reveals an error in the calculation of amounts
owing the Licensor, the Licensee will promptly pay the difference. If any error
is five percent (5%) or more of the amount owed to the Licensor, then the
Licensee will pay the Licensor’s reasonable out-of-pocket costs with respect to
that examination and the next subsequent re-examination. This is not limited
to,
but will include, any third party costs required to accomplish the inspection
including reasonable accounting and/or audit services and travel related
costs.
6.20 General.
Any
provision of this License Agreement which is prohibited or unenforceable shall
be ineffective only to the minimum extent necessary without invalidating the
remaining provisions of this License Agreement or affecting the validity or
enforceability of such provisions. Neither Party shall be liable for, nor shall
either Party be considered in breach of this License Agreement due to, any
failure to perform its obligations under this License Agreement as a result
of a
cause beyond its reasonable control, including, but not limited to any act
of
God or a public enemy, act of any military, civil or regulatory authority,
change in any law or regulation, fire, flood, earthquake, storm or other like
event, disruption or outage of communications, power or other utility, labor
problem, unavailability of supplies, or any other cause, whether similar or
dissimilar to any of the foregoing, which could not have been prevented by
the
non-performing Party with reasonable care. The drafting and negotiation of
this
License Agreement has been participated in by each of the Parties and/or their
counsel, and for all purposes this License Agreement shall be deemed to have
been drafted jointly by both Parties, and shall not be strictly construed
against any Party hereto on the basis of any principle or provision of law
providing for strict construction against the drafting Party.
6.21 Due
Authority.
Each of
the Parties represent and warrant to the other that the execution and delivery
of this License Agreement and the performance of the obligations under this
License Agreement have been duly authorized by all requisite action of the
governing body of the Party, if any, and that the person executing this
Agreement is fully authorized to bind that Party.
6.22 Entire
Agreement.
This
License Agreement constitutes the entire agreement of the Parties and
supercedes, amends and restates the Prior Agreement. Any inconsistent prior
statements, understandings, agreements, or promises, oral or written, concerning
the subject matter of this License Agreement shall have no force or effect.
This
License Agreement can only be amended by a written instrument signed by both
Parties. Each Party acknowledges that in entering into this License Agreement
it
does not do so on the basis of and does not rely on any representation,
warranty, or other provision except as expressly provided in this License
Agreement and all conditions, warranties, and other terms implied by statute
or
common law are hereby excluded to the fullest extent permitted by
law.
7
6.23 Injunctive
Relief.
The
Parties agree that there is no adequate remedy at law for a breach or threatened
breach of this License Agreement by a Party, including the license grant,
exclusivity, and confidentiality provisions contained herein, and that such
a
breach would irreparably harm the non-breaching Party and that the non-breaching
Party shall be entitled to equitable relief without the necessity of posting
a
bond (including injunctive relief) regarding any breach or potential breach,
in
addition to the other remedies available at law.
[Rest
of Page Intentional Left Blank - Signature Page to Follow]
8
IN
WITNESS WHEREOF,
the
Parties hereto have executed this License Agreement by their duly authorized
representatives as of the last date set forth below.
Future
Now, Inc.
Persuasion
Architecture, Inc.
0000
Xxxx 00xx Xxxxxx
Xxxxxxxx,
XX 00000
Tel:
000-000-0000
Fax:000-000-0000
|
Alkemi
International Pty Ltd.
CAN
000-000-000
Of
Xxxxx 0, 0 Xxxxxx Xx, Xxxxxxxxx
Xxxxxxxx
0000 Xxxxxxxxx
Tel:
(x00 0) 0000-0000
Fax:
(x00 0) 0000-0000
|
||
Signature:
|
Signature:
|
||
Xxxxxxx
Xxxxxxxxx, CEO
|
Name:
|
||
Title:
|
|||
Dated:
______________________
|
Dated:
______________________
|
9
Exhibit
A: Licensing Agreement Fees
Section
I - Referral Fees Schedule - For Licensee
Type
of Referral
|
Description
|
Percentage
|
||
Class
1 (*)
|
Licensee
passes a referral (Referred Customer) to Licensor without qualification
and Licensor performs the majority of work to complete a Service
Agreement.
|
5%
|
||
Class
2 (*)
|
Licensee
qualifies a Referred Customer and assists the Licensor with closing
the
sale then supports the on-going Service Agreement.
|
10%
|
||
Class
3
|
Custom
Consulting Engagements - As also detailed under Section
6.17
|
On
a Deal-by-Deal Basis
|
(*)
The
then current, Licensor standard Services and Statement of Work Agreement
(“Services Agreement”) must be in place between the Licensor and end client for
any percentages to earned by the Licensee. The Licensee must assist with the
execution efforts of the Services Agreement.
All
Referral Fees paid by the Licensor are calculated based on the Licensors total
revenues received from a Service Agreement, or series of agreement addendums
with the Referred Customer for a period of three years following the initial
Service Agreement date.
Section
II - Referral Fees Schedule - For Licensor
Type
of Referral
|
Description
|
Percentage
|
||
Class
1
|
Licensor
passes a referral (Referred Customer) to Licensee without qualification
and Licensee performs the majority of work to complete a Service
Engagement.
|
5%
|
||
Class
2
|
Licensor
qualifies a Referred Customer and assists the Licensee with closing
the
sale then supports the on-going Service Engagement.
|
10%
|
||
Class
3
|
Custom
Consulting Engagements.
|
On
a Deal-by-Deal Basis
|
All
Referral Fees paid by the Licensee are calculated based on the Licensees total
revenues (net of any V.A.T) received from a Service Engagement, or series of
engagements, with the Referred Customer for a covered period of three years
following the initial Service Engagement Agreement Date.
10
Section
III - Schedule of Other Fees
License
Fees & Royalties:
·
|
For
any other Licensor product or service offering that do not use the
MAP
Technology - the licensee will receive a 10% referral fee of the
Total
Gross Revenues, net of any V.A.T. received by the
Licensor.
|
·
|
Any
Licensor service offering that does utilizes the MAP Technology -
a fee of
USD $5,000 per twelve month access to plus 10% of Total Gross Revenues,
net of any V.A.T, will be due the
Licensor.
|
Section
IV - Payment Terms and Methods
Payment
Terms:
All
amounts are payable on a quarterly basis, within thirty(30) days following
the
close of any quarterly period.
All
payments to Licensor will be made by wire to:
Account
of:
|
Future
Now Inc.
|
|
Account
Number:
|
103077502865
|
BANK
INFORMATION:
Bank:
|
|
XX
Xxxxxx Xxxxx Bank
|
Address:
|
0000
Xxxx 00xx Xxxxxx, Xxxxxxxx, XX 00000
|
|
ABA
#:
|
000000000
|
All
payments due the Licensee will be made by check to the name and address first
mentioned above and within thirty(30) days following the close of any quarterly
period.
11
Section
V - Product Pricing Matrix and Referral Fee
Forms:
Product
Pricing Matrix:
The
chart
below is to be used as a benchmark reference for Licensees and as a pricing
guideline for direct and reseller sales. As the Licensee completes the required
open section, the information should immediately be sent to the Licensor for
review and comment.
Licensee
Product/Service Pricing
Matrix
|
Updated
Licensor Information as of June 1, 2007
|
|||||||||||||
Licensor
Reference Detail
|
||||||||||||||
Product/Service
Line
|
Size
|
Description
|
Future
Now Benchmark Pricing (USD)
|
(a)
Local
Licensee Direct Pricing
|
(b)
Local
Reseller Pricing
|
(c)
Est
Cost to Deliver (*)
|
((a)
or (b)-(c)/100)
Targeted
Gross Margin %
|
|||||||
Conversion
Optimization
|
Tall
|
Conversion
Coaching
|
3,500
|
|
||||||||||
Grande
|
Conversion
Consulting
|
8,000
|
||||||||||||
Venti
|
Personality
Profiles plus Conversion Consulting
|
11,000
|
||||||||||||
|
||||||||||||||
Persuasion
Scenario Analysis
|
Tall
|
PSA
with 4 profiles / 2 scent trails across stages of buying process
(bp)
|
17,500
|
|||||||||||
Grande
|
PSA
with 4 profiles / 1or2 scent trails, across multiple driving
points, all
bp
|
35,000
|
||||||||||||
Venti
|
PSA
with 5+ Personas, 2 scent trails, multiple driving points, all
bp
|
75,000
|
||||||||||||
|
||||||||||||||
Marketing
Planning & Optimization
|
Tall
|
Strategic
Uncovery
|
50,000
|
|||||||||||
Grande
|
Strategic
Uncovery plus Persona Creation
|
75,000
|
||||||||||||
Venti
|
Full
website (re)design with Persuasion Architecture
|
150,000
|
(*)
Must include the commissions earned by a reseller.
12
Referral
Fee Submission Form:
The
following form is provided as an example of what needs to be submitted by
Licensees on a predetermined basis. Each Licensee will be provide with an excel
format of the form and submit such to the Licensor as provided.
Licensee
Referral Fee Submission Form
|
Results for the Period Ending: |
Instructions:
On
or
before the 20th of each month, Licensees must submit an updated form with
the
results of the previous month to xxxxx@xxxxxxxxxxxx.xxx. All payments due
under
the Licensing Agreement must also be submitted according to
agreement.
Licensee
Service/Product Sale Details
|
Licensee
Referral/Royalty Fee Calculations
|
|||||||||||||||
Product/Service
Name
|
Client
Name
|
Date
Completed
|
(A)
Gross Pricing Licensee
|
(B)
Gross Pricing from Reseller
|
Local
Cost to Deliver
|
Actual
Gross Margin
|
(A)
or (B) Times % Referral Fees Due FNI
|
Date
Fees Paid to FNI
|
||||||||
|
|
|
|
|
|
#DIV/0!
|
|
|
||||||||
|
|
|
|
|
|
#DIV/0!
|
|
|
||||||||
|
|
|
|
|
|
#DIV/0!
|
|
|
||||||||
|
|
|
|
|
|
#DIV/0!
|
|
|
||||||||
|
|
|
|
|
|
#DIV/0!
|
|
|
||||||||
|
|
|
|
|
|
#DIV/0!
|
|
|
13