EXHIBIT 4.1
EXCLUSIVE DISTRIBUTION
AGREEMENT
THIS EXCLUSIVE DISTRIBUTION AGREEMENT (this
“Agreement”) is entered into this 25 day of JULY 2008
(the “Effective Date”), between CARBON REDUCER,
INDUSTRIES SDN.BHD., a Malaysian corporation, whose address is No.
2F/2F1, Jalan Pulai Perdana 11/1, Taman Sri Pulai Perdana, 81110,
Kangkar Pulai, Johor, Malaysia 9 ( CRI ) and CARBON CREDITS
INTERNATIONAL, INC. a Nevada corporation (“Licensee”
CCII).
RECITALS
WHEREAS CRI has developed certain energy
reduction products as more particularly described on Exhibit
“A” attached hereto (the “CRI Products”);
and
WHEREAS CRI desires to grant to Licensee an
exclusive license to distribute, market, advertise, and sublicense
the CRI Products throughout the Territory (as described below) upon
the terms and conditions set forth herein.
AGREEMENT
1.
GRANT OF RIGHTS . CRI hereby grants to Licensee
an exclusive, non-transferable right and license throughout the
Territory to distribute, market, advertise and sublicense the CRI
Products throughout the Territory during the Term. In addition,
Licensee shall have the exclusive, non-transferable right and
license throughout the Territory to distribute, market, advertise
and sublicense any future CRI Products developed by CRI throughout
the Territory during the Term.
2.
TERM . The term of this Agreement shall commence
upon the date hereof and shall continue in perpetuity except as
otherwise provided in this Agreement. (the
“Term”).
3.
TERRITORY . The territory shall be the world (the
“Territory”).
4.
PRODUCT DISTRIBUTION PRICING . Licensee shall
distribute CRI Products from CRI upon a mutually acceptable pricing
schedule for each of the CRI Products to be provided by CRI upon
the execution of this Agreement.
5.
MARKETING COSTS AND EXPENSES . Except as otherwise set forth
in this Agreement, Licensee shall be responsible for all of its
marketing costs and related expenses.
6.
WARRANTY, MAINTENANCE AND SUPPORT . CRI hereby
agrees to warrant all CRI Products distributed by Licensee and
Licensee’s customers in accordance with CRI’s
established warranty policies, as amended from time to time. CRI
also agrees to maintain and support the CRI Products, and to
provide upgrades, modifications and enhancements to Licensee and
its customers at CRI’s sole cost and expense. Licensee shall
incur no obligation to warrant, support or maintain any of the CRI
Products distributed by Licensee. For purposes of this paragraph,
“Licensee’s customers” shall include
Licensee’s direct customers or end-users, and any
sub-distributor of Licensee and the customers or end-users of any
such sub-distributor.
7.
REPRESENTATIONS AND WARRANTIES OF CRI . CRI
represents and warrants to Licensee that it owns all right, title
and interest in and to the CRI Products, has full authority to
enter into this Agreement and effectuate the transactions
contemplated hereunder, and that executing this Agreement shall not
infringe upon any third party right.
8.
REPRESENTATIONS AND WARRATIES OF LICENSEE
. Licensee represents and warrants to CRI that it has
obtained any and all necessary approvals, and has the authority to
enter into this Agreement.
9.1.
Governing Law and Venue . This Agreement shall be governed
and interpreted in accordance with the laws of the State of Nevada
without regard to principles of conflict of laws. Nevada courts
(state or federal) will have the exclusive jurisdiction over any
controversi