Sublicense Agreement - Training Resources International Inc. and NetGateway
SUBLICENSE AGREEMENT
This Sublicense Agreement (the "Agreement") is entered into as of March
27, 1998 (the "Effective Date"), by and between Training Resources
International, Inc., a Nevada Corporation ("TRI"), and NetGateway, a Nevada
corporation ("NetGateway")
WHEREAS, TRI and Prosoft I-Net Solutions, Inc., a Nevada corporation
("Prosoft") have entered into the Courseware Reproduction License Agreement
dated January 20, 1998, as amended pursuant to the Amendment No. 1 to Courseware
Reproduction License Agreement dated as of January 12, 1998 (such agreement,
together with this amendment and any other existing or future amendments,
replacements, modifications or supplements thereof, being referred to herein as
the "License"); and
WHEREAS, TRI and NetGateway wish to enter into an agreement whereby TRI
will sublicense its rights to NetGateway under the License to NetGateway.
NOW, THEREFORE, in consideration of the terms and conditions set forth
below and other sufficient consideration, the parties hereto agree as follows:
1. TRI hereby grants and assigns to NetGateway a sublicense to all of
its rights and interests under the License, including, without limitation, its
rights thereunder with respect to the Courseware Titles (as defined in the
License).
2. The term of this Agreement shall be from the date hereof until the
date that the License is terminated in accordance with its terms.
3. As total consideration for the grant of the sublicense set forth
herein, NetGateway shall pay to TRI, on or before the Payment Dates (as defined
below), all amounts owing and payable to TRI to Prosoft on and after the
Effective Date under the License. As used herein, a "Payment Date" shall mean 2
business days before any day that TRI is required to make a payment to Prosoft
under the License.
4. Prosoft, by signing the signature block set forth below, hereby
approves the grant of the sublicense upon the terms set forth herein, provided
that nothing in this Agreement shall relieve TRI of any of its obligations under
the License. Prosoft and TRI agree to provide NetGateway with any written
notification sent by either such party to the other party under the License to
NetGateway's office located at 300 Oceangate, 5th Floor, Long Beach, CA 90802,
Attention: Donald M. Corliss, Jr. Prosoft, TRI and NetGateway further agree that
NetGateway shall have the right to add its trade dress and/or branding to the
Courseware (on either an exclusive basis or on a co-branded basis with Prosoft,
in NetGateway's discretion), and NetGateway shall have the right to sell
site-licenses to end-user customers with respect to the Courseware (in which
such customer pays a flat-fee and is permitted to reproduce the Courseware in a
manner that is not inconsistent with the terms of the License), provided that
Prosoft shall have approved such trade dress or site-licensing (whether on an
exclusive or co-branded basis), as the case may be, which approval shall not be
unreasonably withheld.
5. This Agreement shall be governed by and construed in accordance with
the laws of the State of Texas, without regard to the conflict of laws
provisions thereof.
6. This Agreement supersedes all prior agreements between the parties
regarding the subject matter hereof and sets forth the entire agreement of the
parties concerning such subject matter. The sublicense of TRI's rights under the
License to NetGateway shall include any presently existing and any future rights
(whether by amendment, modification or otherwise of the License) of TRI.
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7. This Agreement may be executed in one or more counterparts, which
together will constitute one agreement.
8. TRI and NetGateway agree that all disputes and controversies arising
out of, or in any manner relating to, this Agreement which the parties do not
resolve in good faith within thirty (30) days after either of the parties
notifies the other of its desire to arbitrate such dispute or controversy shall
be settled by arbitration by the American Arbitration Association in accordance
with its then prevailing Commercial Arbitration Rules. Such arbitration shall be
conducted in Orange County, California. The award or decision made in such
arbitration shall be binding upon the parties and judgment upon the award may be
made in any court having jurisdiction. The prevailing party shall be entitled to
recover from the other party all reasonable costs and expenses of arbitration.
9. NetGateway shall have the right to approve in writing any future
amendments, modifications, supplements or extensions of the License between
Prosoft and TRI.
IN WITNESS WHEREOF, the undersigned have caused this Agreement to be
executed and acknowledged by duly authorized representatives as of the date set
forth above.
TRAINING RESOURCES INTERNATIONAL.,
INC., a Nevada corporation
By: /s/ Michael Khaled
--------------------------------
Name:
Title:
NETGATEWAY,
a Nevada corporation
By: /s/ Donald M. Corliss, Jr.
--------------------------------
Name: Donald M. Corliss, Jr.
Title: President
AGREED TO AND ACKNOWLEDGED:
PROSOFT I-NET SOLUTIONS, INC.,
a Nevada corporation
By: /s/ Jerrell M. Baird
--------------------------------
Name: Jerrell M. Baird
Title: Chariman