DISTRIBUTOR SALES AGREEMENT FOR CLIP MOBILE COUPON APPLICATIONDistributor Sales Agreement for Clip Mobile Coupon Application • June 15th, 2011 • Portlogic Systems Inc. • Services-prepackaged software
This shall constitute an Agreement made on June 10, 2011 (“Effective Date”) between Portlogic Systems Inc. (“Distributor”) and Clip Mobile Inc. (“Clip”) whereby the above named Distributor shall be authorized to distribute Clip’s software solutions pursuant to the following terms and conditions.
CLIP MOBILE - AGENT PARTNER PRODUCT DISTRIBUTION AND PROMOTION AGREEMENT Partner Term Sheet – PORTLOGIC SYSTEMS INC.Portlogic Systems Inc. • June 15th, 2011 • Services-prepackaged software
Appointment of Agent This Agreement is made and entered into on June 10, 2011, between Clip Mobile Inc., a Canadian Federal Corporation, located at 225-167 Church Street Toronto, ON M5B 1Y6. and Portlogic Systems Inc. , a US publically traded company located at 100 King Street West, Suite 5700, Toronto, ON M5X 1K7. Background A. Clip Mobile is the Developer and owner of all rights to (or has a license to) the Clip Mobile Coupon Platform in Canada. B. Portlogic Systems Inc. desires to enter into an Agent Distribution Agreement with Clip Mobile Inc. As an Agent, Portlogic Systems Inc. is entitled to sell the Clip Mobile Coupon Platform to End Users and Portlogic Systems Inc. will earn a share of revenues derived from the accounts they manage as an affiliate local marketer. C. Agent agrees to distribute the Clip Mobile Coupon Platform in accordance with the terms of this Agreement and in agreement with the application User Agreement.
