pTrac Siemens FW contractCollaboration Agreement • May 12th, 2006 • 2-Track Global, Inc. • Search, detection, navagation, guidance, aeronautical sys • England
THIS AGREEMENT is made the 10th day of May, 2006 BETWEEN: 1. 2-TRACK LIMITED (registered in England under number 4560034) whose registered office is at 6th Floor, Holborn Hall, 100 Gray's Inn Road, London, WC1X 8BY ("2-Track"); and 2. CHENGHOLIN TECHNOLOGY a company registered under the laws of Taiwan whose principal place of business is at 10F, No.25, Lane 155, BeiShen Road Sec 3, Shen Keng 222, Taipei, Taiwan ("ChengHolin"). BACKGROUND A. 2-Track is the proprietor of the innovative CONDOR tracking and monitoring technology. B. ChengHolin as part of its business activities designs and manufactures telematics components for use with tracking and monitoring solutions. C. 2-Track and ChengHolin wish to collaborate on a Project to further develop the CONDOR technology by developing a solution for tracking primarily Fleet vehicle and associated assets known as “CONDOR FMS” as more particularly described in Schedule 1 to this Agreement. D. The parties intend by this A
