International Distributor Agreement - Markland Technologies Inc. and Tradeways Ltd.
INTERNATIONAL DISTRIBUTOR AGREEMENT
THIS AGREEMENT is made and entered into by and between Markland
Technologies, Inc., a Florida Corporation, with a mailing address of 54 Danbury
Road, Ridgefield, CT (hereinafter referred to as "Markland") and Tradeways,
Ltd., a Delaware Corporation, with a mailing address of 184 Duke of Gloucester
Street, Annapolis, Maryland 21401 (hereinafter referred to as "Tradeways").
IT IS AGREED AS FOLLOWS:
Tradeways hereby offers to sell the Shipboard ACADA (hereinafter called the
"Product") manufactured by Markland, to Argentina, Australia, Austria,
Bahrain, Canada, Chile, Croatia, Denmark, Egypt, Estonia, Finland,
Greece, Ireland, Israel, Italy, Japan, Jordan, Korea, Kuwait, Malaysia, The
Netherlands, New Zealand, Norway, Oman, Pakistan, Portugal, Qatar, Saudi
Arabia, Spain, Sweden, Taiwan, Turkey, United Arab Emirates (hereinafter
called the "Territory").
Tradeways shall, through the executions of its best efforts, solicit
orders, provide marketing services and promote sales of the Product and try to
develop the full sales potential in the Territory.
Markland agrees that it will sell the Product exclusively to Tradeways
for resale in the Territory. In addition, Markland shall advise Tradeways of all
inquiries for the Product involving the Territory. Markland shall not knowingly
issue price quotations for sale or delivery of the Product to the Territory.
Special care will be taken by Markland to screen inquiries from U.S. or foreign
export trading companies or third parties so that quotations are not issued for
ultimate delivery to the Territory. Such inquiries will be referred to
Tradeways.
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This Agreement shall be valid until December 31, 2005. Validity of this
Agreement can be extended upon mutual consent of both parties. This agreement
may be amended by mutual consent of both parties.
This Agreement can be terminated by either party to this agreement
sixty (60) days after notice by email to other party to this agreement.
In the event of expiration or termination of this Agreement, Markland
shall pay Tradeways a ten percent (10%) commission for any orders received for
sale or delivery to the Territory within a one (1) year period from the date of
such expiration or termination, if a proposal has been submitted by Tradeways to
a customer or if other substantial negotiations have commenced with a customer.
Upon such expiration or termination, Tradeways shall submit a list of such
proposals and negotiations to Markland and Markland shall abide by this list.
AGREED:
MARKLAND TECHNOLOGIES TRADEWAYS, LTD.
By: /s/ Kenneth P. Ducey, Jr. By: /s/ Jason Hinsch
----------------------------- ---------------------------------
Title: President Jason Hinsch
Project Manger
Date: Date:
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