Exhibit 10.1
AGREEMENT
This Agreement (the "Agreement") is made and entered into effective
March 1, 2005 (the "Effective Date"), by and among American Consolidated
Management Group, Inc., a Utah corporation with its principal offices at 000
Xxxxxxxx Xxxx, Xxxxxxxxxx, XX 00000 ("Company"). and Nu Specialty Foods Group,
L.L.C., a North Carolina limited liability company ("Vendor"), with its
principal offices at X.X. Xxx 0000, Xxxxxx, X.X. 00000.
RECITALS
A. Company owns a technology, in the geographical area covered by this
Agreement, which technology concerns the prevention of the degradation of
vitamins and nutrients contained within fruits and vegetables during and
following their dehydration and/or freeze-drying, which technology is defined
hereinbelow, and owns the trademark term "Sunutra(TM)" for utilization with
products produced by this technology; and,
B. Vendor desires to purchase the compound produced from the subject
technology from the Company, and to produce, manufacture and market frozen
unbaked biscuit dough, frozen baked biscuits, and dry mixes and blends of
biscuits [hereinafter collectively referred to as the "Products"] which Products
will incorporate the natural dry compound covered by the trademark known as
"Sunutra(TM)," and which compounds shall generally be referred to throughout
this Agreement as "Sunutra(TM)."
NOW, THEREFORE, in consideration of the premises and the respective
representations, warranties, covenants and agreements contained herein, the
parties hereto hereby agree as follows:
ARTICLE I
DEFINITIONS
For purposes of this Agreement, the term:
"Licensed Patent" means the patent application filed in the United
States Patent Office on December 20, 2004, under serial number 11/015651,
including all divisions, continuations and reissues thereof, as well as all
additional applications, amendments and supplements filed by, or on behalf of
the Company. This term specifically covers all applications by the original
inventor Xxxx Xxxxxxx, and/or any collaborator thereof, including those that may
have yet to be filed with the U.S. Patent Office.
"Products" means frozen unbaked biscuit dough, frozen baked biscuits,
and biscuit-mix dry.
"Licensed Trademarks" means the "Sunutra(TM)", said term being
registered with the United States Patent and Trademark Office, on March 29, 2004
under serial number 78392304.
"Contract Territory" means the United States of America.
"Technology" means the technology currently owned by the Company which
produces a natural dry compound that molecularly adheres to food particles and
acts as a partition barrier from heat and degradation to micronutrients and
phytochemicals enabling such natural dry compound to be applied to both wet and
dry processed foods, and includes any future developments, improvements,
additions and inventions hereafter made to this Technology which may occur
throughout the duration and utilization of the Technology, and which includes
the Licensed Patent, and any and all subsequent patents obtained by the Company
.. This definition and this Agreement is specifically limited to applications of
this technology in processed foods.
"Related Agreements" means the Confidentiality Agreement and Materials
Transfer Agreement between the parties hereto.
ARTICLE II
LICENSES AND PRODUCT COMMITMENTS
2.1. Marketing Rights.
For the time period to be agreed upon between the parties, the Company
grants to Vendor the sole and exclusive right to market, distribute and sell the
Technology for utilization in the Products in the Contract Territory for a
period of three (3) years, beginning on January 1, 2006; provided that initial
purchase set out hereinbelow is fully consummated. Vendor may extend this period
of exclusivity for an additional two (2) year period; provided, that Vendor
shall comply with the minimum volumes set out herein below. In consideration for
this exclusivity, Vendor shall purchase and pay for 1,586 pounds of the Sunutra
blend agreed upon, on, or before June 1, 2005. It is further agreed and
understood that in the event that through the fault of the Company, Vendor has
not obtained its selected blend of Sunutra(TM), then in that event, Vendor's
obligation to purchase the aforesaid 1,568 pounds of Sunutra(TM) shall be
suspended until such time as Vendor obtains its selected blend. Notwithstanding
anything herein to the contrary, all exclusivity rights granted in this
Agreement are specially limited to sales into the Food Service Segment of the
Food Industry.
2.2. Fixed Purchase Price.
During the first two (2) years of this Agreement, Company shall timely
manufacture and deliver to Vendor all quantities of Sunutra(TM) and any other
natural dry compounds derived from the Technology required by Vendor at a price
of $68.00 per pound FOB, Poway, California, or any other point of delivery/sale
established by Company.
2.3. Licenses for Vendor re Trademarks and Patents. Throughout the term of this
Agreement, the Company grant to Vendor a license [as defined herein] to make,
use and sell the Technology for utilization in the Products under the Licensed
Trademarks throughout the Contract Territory on a royalty free basis. Vendor
shall have the right to use the Licensed Trademark, and to direct the
advertising, promoting, distributing and marketing of the Products, but only in
such manner as is reasonably calculated to maintain a high level of quality of
the goods manufactured and sold under the Licensed Trademark to protect
Company's proprietary interest in the Licensed Trademark. All labels, designs,
descriptive materials, promotional materials and advertising of any kind or
nature which includes the use of the Licensed Trademark shall be developed by
Vendor at its expense, but shall be subject to Company's prior approval, which
approval shall not be unreasonably withheld. The parties expressly agree that
Vendor shall not have any right, title or interest in the Licensed Trademark, or
Licensed Patent, except the right to use them in connection with the activities
of Vendor as set forth herein. Vendor agrees not to use the Licensed Trademark
or Licensed Patent other than as authorized hereunder without the prior written
consent of Company. Vendor agrees to terminate the use of the Licensed Trademark
and Licensed Patent upon the termination of this Agreement. Vendor agrees to
give adequate notice to the public that the Licensed Products are manufactured
under license, and Vendor agrees to provide legends on all Products or
containers for the Products with the legend "Patented," and/or "Patent Pending,"
as the case may be, together with the number of the Licensed Patents, and/or
Patent Pending, as the case may be from time to time. In any event, and
notwithstanding anything herein to the contrary, it is agreed and understood
that with regard to any products utilizing Sunutra(TM) will possess the
Sunutra(TM) brand logo visibly noticeable on the front of all retail packaging.
Notwithstanding anything herein to the contrary, it is specifically agreed and
understood that all packaging for the Products, and the uses of the Sunutra(TM)
logo shall be approved by the Company prior to the commercialization of any such
products. This prohibition includes any advertising conducted by customers of
Vendor in connection with any biscuit product sold by said customer(s).
2.4 Order and Payment Terms. All orders placed by Vendor shall be completed by
Company in a timely manner that meets the delivery requirements of Vendor, and
Company shall expend its best efforts to deliver regular, uniform quantities of
Sunutra(TM) and any related compounds so ordered. For purposes of this
Agreement, orders of Sunutra(TM) and related compounds shall not be deemed to be
accepted unless they are manufactured to Vendor's requirements, as the case may
be, suitable for market, and meet all quality control standards and tests which
may reasonably be required by Vendor. In this regard, the Company and Vendor
shall work together to develop each blend of Sunutra(TM) to meet Vendor's needs
and requirements, it being understood that each product to be supplied may
require a unique blend of fruits and/or vegetables. From time to time during the
term of this Agreement, Vendor shall submit purchase orders to Company for
Sunutra(TM) and the other compounds derived from the Technology, subject to the
terms and conditions set forth in the purchase order form to be mutually agreed
to by the parties hereto.
2.5 Product Liability Insurance. Company shall provide, at its expense, product
liability insurance for the Sunutra(TM) blends and Technology in an amount and
scope satisfactory to Vendor throughout the term of this Agreement, and Company
shall cause Vendor to be named as a co-insured on such policy or policies
throughout the term of this Agreement.
2.6 Sales Requirements and Renewal Term. Vendor shall be required to meet
minimum purchase requirements as follows: For the year July, 2005 through June
30, 2006, a minimum purchase of 2,586 pounds of Sunutra blend; for July 1, 2006
through June 30, 2007, a minimum purchase of 13,063 pounds of Sunutra blend, and
for July 1, 2007 through June 30, 2008, a minimum purchase of 28,739 pounds of
Sunutra blend.
Notwithstanding anything herein to the contrary, if Vendor fails to
meet the minimum purchase requirements then the exclusive rights granted herein
shall automatically expire and all rights shall become non-exclusive. In the
event that any exclusive rights shall terminate, then all subsequent sales shall
continue to be governed by the other terms and conditions of this Agreement. The
only penalty to Vendor for failure to meet these minimum purchases shall be the
loss of exclusivity as set out herein.
2.7 Confidentiality and Proprietary Info. Vendor and the Company shall not in
any time or in any manner, either directly or indirectly, divulge, disclose or
communicate to any person, firm, company or business, any information concerning
any matters affecting or relating to the business of Vendor, and the Company,
their respective manner of operation, methods of production, their plans,
processes, procedures, marketing strategies, contracts, customer lists, or other
data used in performing its obligations under this Agreement. The parties hereby
stipulate and agree that as between them, all such information of the Company
and Vendor is confidential and proprietary, and materially affects the
successful operation of Company's and Vendor's business and the preservation of
the Company's and Vendor's good will.
2.8 Continuing FDA and Regulatory Compliance by the Company. Throughout the term
of this Agreement, the Company at its expense, shall comply with any and all
governmental regulations relating to Sunutra(TM) and the Technology. Likewise,
Vendor shall fully comply with said rules and regulations, with the Company
assisting Vendor in any reasonable manner to insure said compliance with any
labeling requirements.
2.9 Covenant of Vendor Not to Reserve Engineer Sunutra. Vendor understands and
agrees that Sunutra(TM), the Technology and the Licensed Patents as well and any
other technology contemplated by this Agreement is a proprietary right(s) owned
by the Company, and that Vendor does not possess, nor shall it possess or won
any right(s) in such technologies and rights, except as may be expressly set out
in this Agreement. All such matters are trade secrets of the Company. Vendor
covenants and agrees that it shall not, either directly, or indirectly, make any
attempt to reverse engineer any matter or technology covered by this Agreement,
or any effort to determine the formula, recipe, processes, applications, and/or
any other aspect of the Technology, Licensed Patents, or other similar matters,
nor shall Vendor knowingly permit any third party to undertake any similar
actions; provided, that Vendor may, at its own expense test, or have a third
party test any of the Products solely for their nutrient values and contents.
The provisions of this section 2.9 shall survive the termination of this
Agreement. Vendor furthermore understands and agrees that the maintenance and
strict adherence to the terms of this section 2.9 is critical to the viability
of the Company, and is the single most critical provisions of this Agreement;
such that, any breach of this section 2.9 cannot be adequately addressed by
monetary determination; therefore, the Company shall be entitled to injunctive
relief, without bond, in the event of any such breach(es), and that upon the
issuance of injunctive relief, the Company shall also be entitled to a judgment
against Vendor for the Company's reasonable costs and attorney fees incurred in
the seeking and obtaining of such relief, as determined by the court of
competent jurisdiction handling the injunctive relief. Injunctive relief shall
not be the exclusive relief available to the Company, rather it shall be in
addition to any other relief afforded the Company by a court of competent
jurisdiction.
2.10 Termination Rights for Parties. Company shall have the right to terminate
this Agreement in the event Vendor fails to meet the sales requirements set
forth in Section 2.6 of this Agreement. In addition, either party may terminate
this Agreement upon sixty (60) days prior written notice in the event the other
party fails to cure any material breach of its duties and obligations hereunder.
ARTICLE III
REPRESENTATIONS AND WARRANTIES OF COMPANY
The Company represents and warrants to Vendor as follows:
3.1. Authority of Company.
The Company has all requisite power and authority to execute and
deliver this Agreement and each other agreement, instrument or document to be
executed by the Company pursuant hereto (collectively the "Related Agreements")
to perform its obligations hereunder and thereunder and to consummate the
transactions contemplated hereby and thereby. This Agreement has been duly
executed and delivered by the Company constitutes the valid and binding
obligation of the Company, enforceable against the Company in accordance with
its terms. Upon execution and delivery by the Company, each Related Agreement(s)
will constitute the valid and binding obligation of the Company enforceable
against it in accordance with their terms.
3.2. Organization and Qualification of the Company.
The Company is duly organized, validity existing and in good standing
under the laws of the state of Utah, and have all requisite power and authority
to own, license and use the Technology and their properties and assets and to
carry on their business as now being conducted.
3.3. No Conflict; Required Filings and Consents.
(a) This Agreement and the Related Agreements by Company do not, and
the performance of this Agreement and the Related Agreements by Company and the
consummation of the transactions contemplated hereby and thereby will not, (i)
conflict with or violate the articles of organization or operating agreement, in
each case as amended or restated, of Company, (ii) conflict with or violate any
United States federal, state, local or foreign law, statute, ordinance, rule,
regulation, order, judgment or decree applicable to Company or by or to which
any of its properties or assets is bound or subject or (iii) result in any
breach of, or constitute a default (or an event that with notice or lapse of
time or both would constitute a default) under, or give to others any rights of
termination, amendment, acceleration or cancellation of, or require payment
under, or result in the creation of any lien, encumbrance, security interest,
mortgage, pledge, claim, option or restriction of any kind whatsoever
(collectively "Liens") on any of the properties or assets of Company pursuant
to, any agreement, lease, license, contract, note, mortgage, indenture,
arrangement or other obligation ( collectively, "Contracts") to which the
Company is a party or by which any of its properties or assets is bound.
(b) The execution and delivery of this Agreement and the Related
Agreements by Company do not, and the performance by Company of this Agreement
and the Related Agreements and the consummation of the transactions contemplated
hereby and thereby will not, require the Company to obtain any consent,
approval, authorization or permit of, or to make any filing with or notification
to, any court, administrative agency or commission or other governmental entity,
authority or instrumentality, whether foreign or domestic (a "Governmental
Entity"), or any third party.
3.4. Warranty of Title.
The Company is the true and lawful owner of, and owns all right, title
and interest in and to, all of the assets used in the Technology, free and clear
of all Liens.
3.5. Permits.
The Company possess and shall, at its expense, maintain throughout the
term of this Agreement all FDA and other licenses, permits and other
authorizations from Governmental Entities required by applicable provisions of
laws, ordinances, rules and regulations (collectively, "Permits"), necessary for
the sale and marketing of Sunutra(TM)and the Technology.
3.6. Compliance with Law.
The Company is in compliance in all material respects with the terms
and conditions of all of the Permits and all laws, rules, regulations and orders
applicable to Company or its Technology in the past five years; and it has not
received any notification that Company or any of its business practices is in
violation of any Permit or any such law, rule, regulation or order.
3.7. No Misleading Statements.
Neither this Agreement, and Related Agreements nor any certificate or
other document delivered by the Company in connection herewith contains, or will
contain when delivered, any untrue statement of a material fact or omits to
state, or will omit to state when delivered, a material fact necessary in order
to make the statements made herein or therein, in light of the circumstances
under which they were made, not misleading.
3.8. Brokers.
No broker, finder or investment banker, including any director,
officer, employee, affiliate or associate of the Company, is entitled to any
brokerage, finder's or other fee or commission in connection with the
transactions contemplated by this Agreement based on arrangements made by or on
behalf of the Company or any of their affiliates.
ARTICLE IV
REPRESENTATIONS AND WARRANTIES OF VENDOR
Vendor hereby represents and warrants to the Company as follows:
4.1. Authority.
Vendor has all requisite power and authority to execute and deliver
this Agreement, to perform its obligations hereunder and to consummate the
transactions contemplated hereby. The execution and delivery of this Agreement
by Vendor, the performance of this Agreement by Vendor and the consummation of
the transactions contemplated hereby have been duly authorized and no other
proceeding on the part of Vendor is necessary to authorize this Agreement or to
consummate the transactions contemplated hereby. This Agreement has been duly
executed and delivered by Vendor and constitutes the valid and binding
obligation of Vendor, enforceable against Vendor in accordance with its terms.
4.2. Organization and Qualification of the Vendor.
The Vendor is duly organized, validity existing and in good standing
under the laws of the state of North Carolina, and have all requisite power and
authority to own, license and use the Technology and their properties and assets
and to carry on their business as now being conducted. The Vendor is, or shall
become duly qualified to do business and in good standing in each jurisdiction
in which the nature of its business or the ownership, licensing or operation of
its assets and business makes such qualification necessary.
4.3. No Conflict; Required Consents and Approvals.
(a) The execution and delivery of this Agreement by Vendor do not, and
the performance of this Agreement by Vendor and the consummation of the
transactions contemplated hereby will not, (i) conflict with or violate any
United States federal, state, local or foreign law, statute, ordinance, rule,
regulation, order, judgment or decree applicable to Vendor or by or to which any
of its properties or assets is bound or subject or (ii) result in any breach of,
or constitute a default (or an event that with notice or lapse of time or both
would constitute a default) under any Contracts to which Vendor is a party or by
which any of its properties or assets is bound.
(b) The execution and delivery of this Agreement by Vendor do not, and
the performance by Vendor of this Agreement and the consummation of the
transactions contemplated hereby will not, require Vendor to obtain any consent,
approval, authorization or permit of, or to make any filing with or notification
to, any court, administrative agency or commission or other Governmental Entity,
or any third party.
4.4. Intellectual Property.
Vendor acknowledges and agrees that it does not own or possess any
interest in the intellectual property of the Company that is the technology that
is the subject of this Agreement, including, but not limited to the Trademark
name Sunutra(TM), except for any rights thereto granted under this Agreement.
Vendor warrants and covenants that it shall not undertake any action regarding
this technology and trademark unless specifically approved herein, or by other
written agreement executed and delivered to Vendor by the Company. Vendor
covenants that it shall not undertake any act(s) that might infringe upon the
rights of the Company with regard to this technology and/or trademark, and that
it shall immediately inform the Company of any act, action, suit or proceeding
which may infringe and/or affect said rights. Vendor shall not posses, nor shall
it assign or convey any of its rights hereunder without the express written
permission of the Company.
4.5. Permits.
The Vendor shall obtain and possess and shall, at its expense, maintain
throughout the term of this Agreement all FDA and other licenses, permits and
other authorizations from Governmental Entities required by applicable
provisions of laws, ordinances, rules and regulations (collectively, "Permits"),
necessary for the sale and marketing of Sunutra(TM) and the Technology.
4.6. Compliance with Law.
The Vendor shall remain and maintain in full compliance in all material
respects with the terms and conditions of all of the Permits and all laws,
rules, regulations and orders applicable to the Vendor as concerns the
Technology.
4.7. Insurance.
(a) Vendor has provided the Company with a true, correct and complete
list of all products liability and other insurance policies currently held by or
on behalf of Vendor. Such policies are in amounts deemed to be adequate by
Vendor, are sufficient for compliance with all requirements of Governmental
Entities and Contracts to which Vendor is subject. All of such policies are in
full force and effect, all premiums with respect thereto are currently paid and
Vendor has received no notice of cancellation or other notice that any such
policy will not be renewed.
(b) Vendor has had no loss experience (i) for the current year through
September 30, 2004, and the year ended December 31, 2003, and has no currently
outstanding claims.
(c) Vendor shall insure and obtain copies of similar insurance policies
from any third party vendors it obtains pursuant to the terms of this Agreement.
4.8. No Misleading Statements.
Neither this Agreement, and Related Agreements nor any certificate or
other document delivered by the Vendor in connection herewith contains, or will
contain when delivered, any untrue statement of a material fact or omits to
state, or will omit to state when delivered, a material fact necessary in order
to make the statements made herein or therein, in light of the circumstances
under which they were made, not misleading.
4.9. Brokers.
No broker, finder or investment banker is entitled to any brokerage,
finder's or other fee or commission in connection with the transactions
contemplated by this Agreement based upon arrangements made by or on behalf of
Vendor; provided, that in the event that Vendor compensates any individual as a
result of this Agreement, Vendor hereby holds Company harmless from and against
any claim(s) of such individual(s).
ARTICLE V
INDEMNIFICATION
5.1. Generally.
The Company shall indemnify and hold Vendor harmless from and against
any liability, loss, damage, claim, cost or expense (including, without
limitation, expenses of investigation and defense and reasonable fees and
disbursements of counsel), Liens or other obligations of any nature whatsoever
(collectively, "Losses"), incurred by Vendor and arising out of or based upon
(a) any breach by the Company of its representations, warranties, covenants or
agreements set forth in this Agreement or in any document or instrument
delivered by the Company at the closing pursuant hereto; or (b) any claim,
action, suit, proceeding or investigation of any kind, at law or in equity,
arising from a liability of the Company, including, without limitation, any
liability that occurs or exists with respect to the Technology or Intellectual
Property at any time during or after the term of this Agreement.
5.2. Defense or Prosecution of Claims.
As promptly as practicable after its discovery of grounds for a claim
for indemnification hereunder, Vendor shall deliver a written claim for
indemnification to the Company (the "Indemnifying Party"), specifying in
reasonable detail the basis therefore and, if known, the amount, or an estimate
of the amount, of the Losses arising there from. Thereafter, Vendor shall
provide to Indemnifying Party all information and documentation reasonably
available to it to support and verify such claim. If the facts giving rise to a
claim for indemnification hereunder arise out of the claim of any third party,
or if there is any claim against a third party, Indemnifying Party may, at its
option, assume the defense or the prosecution thereof, with counsel reasonably
satisfactory to Vendor, at the sole cost and expense of Indemnifying Party,
unless (i) such claim seeks an order, injunction or other equitable relief
against Vendor or (ii) Vendor shall have reasonably concluded that there is a
conflict of interest between Indemnifying Party, on the one hand, and Vendor, on
the other hand, in the defense or prosecution of such claim, provided that in
either of such events, Indemnifying Parties may participate in the proceeding.
After any assumption of the defense or prosecution of any claim by Indemnifying
Party, they shall not be liable to Vendor for any legal expenses thereafter
incurred by Vendor. In any such event, whether or not Indemnifying Party do so
assume the defense or prosecution thereof, Indemnifying Party and Vendor shall
cooperate in the defense or prosecution thereof and shall furnish such records
and information and attend such proceedings as may be reasonably requested in
connection herewith. Indemnifying Party shall have no indemnification
obligations with respect to any claim or demand that is settled by Vendor
without the prior written consent of Indemnifying Party (which consent shall not
be unreasonably withheld), other than any claim or demand as to which Seller
shall not have assumed the defense or prosecution thereof.
5.3. Vendor Indemnity.
Vendor shall indemnify and hold the Company harmless from Losses
incurred by them and arising out of or based upon any breach by Vendor of its
representations, warranties, covenants or agreements set forth in this Agreement
or in any document or instrument delivered by Vendor in the identical manner and
with the identical rights set forth in paragraphs 5.1. and 5.2. hereinabove as
if said sections had been written with identical language except for the
identity of the respective parties.
ARTICLE VI
MISCELLANEOUS AND GENERAL
6.1. Payment of Expenses.
Each party hereto shall pay its own expenses incident to preparing
for, entering into and carrying out this Agreement and the transactions
contemplated hereby.
6.2. Survival.
The representations and warranties of the parties herein shall survive
the Closing.
6.3. Entire Agreement; Assignment; Etc.
This Agreement and the Related Agreements constitute the entire
agreement, and supersede all other agreements, understandings, representations
and warranties, both written and oral, among the parties with respect to the
subject matter hereof, and shall not be assignable by operation of law or
otherwise and are not intended to create any obligations to, or rights in
respect of, any persons other than the parties hereto.
6.4. Captions.
The Article, Section and paragraph captions herein are for convenience
of reference only, do not constitute part of this Agreement and shall not be
deemed to limit or otherwise affect any of the provisions hereof.
6.5. Severability.
If any term or other provision of this Agreement, or any portion
thereof, is invalid, illegal or incapable of being enforced by any rule of law
or public policy, all other terms and provisions of this Agreement, or remaining
portion thereof, shall nevertheless remain in full force and effect so long as
the economic or legal substance of the transactions contemplated hereby is not
affected in any manner materially adverse to any party. Upon such determination
that any such term or other provision, or any portion thereof, is invalid,
illegal or incapable of being enforced, the parties hereto shall negotiate in
good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible in an acceptable manner to the end that the
transactions contemplated hereby are consummated to the fullest extent possible.
6.6. Modification or Amendment.
The parties hereto may modify or amend this Agreement at any time, only
by a written instrument duly executed and delivered by each party hereto.
6.7. Notices.
All notices and other communications given or made pursuant hereto
shall be in writing and shall be deemed to have been duly given on the date
delivered, if delivered personally, on the third business day after being mailed
by registered or certified mail (postage prepaid, return receipt requested), in
each case, to the parties at the following addresses: ( or at such other address
for a party as shall be specified by notice given in accordance with this
Section):
(a) If to Vendor, to: Nu Specialty Foods Group, LLC Attn: Xxxxxx
X. Xxxx X.X. Xxx 0000 000 X. Xxxxxxxxx Xxxxxx Xxxxxx, Xxxxx
Xxxxxxxx 00000 Fax: 000-000-0000 email: xxxx@xxxxxxxxx.xxx
(b) If to Company to: Xxxxxxx X. Xxxxxx 0000 Xxxx Xxxx Xxxxx,
Xxxxx 000 Xxxxxxx, Xxxxx 00000 Fax: 000-000-0000 Email:
Xxxxxxx@xxxxxxxx.xxx
No provision of this Agreement, including this Section, shall be deemed
to constitute consent to the manner and address for service of process in
connection with any legal proceeding (including such arising out of or in
connection with this Agreement), which service shall be effected as required by
applicable law.
6.8. Failure or Delay Not Waiver; Remedies Cumulative.
No failure or delay on the part of any party hereto in the exercise of
any right hereunder shall impair such right or be construed to be a waiver of,
or acquiescence in, any breach of any representation, warranty, covenant or
agreement herein, nor shall any single or partial exercise of any such right
preclude other or further exercise thereof or of any other right. All rights and
remedies existing under this Agreement are cumulative to, and not exclusive of,
any rights or remedies otherwise available.
6.9. Counterparts.
This Agreement may be executed in the original or by telecopy in any
number of counterparts, each of which shall be deemed to be an original and all
of which together shall constitute one and the same instrument.
6.10. Governing Law.
This Agreement shall be governed by and construed in accordance with
the law of the State of Texas, without regard to the conflicts of laws
principles thereof.
IN WITNESS WHEREOF, the parties have executed this Exclusive Marketing
Agreement effective this 1st day of March, 2005.
"Company" "Vendor"
By: /s/ Xxxxxx Xxxxxx By: /s/ Xxxxxx X. Xxxx
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Xxxxxx Xxxxxx Xxxxxx X. Xxxx
Director
