AGREEMENT
This Agreement
is made by and between Celldonate Inc. ("CUSTOMER"), with its
principal place of business at 325 - 1130 West Pender Street,
Vancouver and Caring Capital Corporation ("FACILITATOR")
with its principal place of business at 305 - 1130 West Pender
Street, Vancouver.
WHEREAS,
CUSTOMER desires to retain FACILITATOR to Facilitate the Technology
Development (the "Project") for CUSTOMER as described in the Work
Plan (as defined in Section I below);
WHEREAS,
FACILITATOR desires to undertake the Project and agrees to do so
under the terms and conditions set forth in this
Agreement;
NOW, THEREFORE,
for good and valuable consideration, the parties agree as
follows:
Section
1. Work Plan . FACILITATOR has prepared a Work Plan
for the Project, which includes the following:
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the Hiring and
Payment of Development Contractors;
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the Hiring and
Payment of Development Personnel;
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the Payment of
costs involved with the development; and
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a timely
reimbursement invoice to CUSTOMER .
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Section 2.
Payment . The price for the Project shall be 1500 USD per
month and reimbursement of expenses made on behalf of CUSTOMER. The
FACILITATOR can at its sole discretion postpone invoices to a later
stage of the technology development. At the conclusion of the
project an additional 10% of the total invoices shall be due in
convertible equity, kept in Convertible Notes at a share price
valid on the date of this contract.
Section 3.
Changes in Workplan . If at any time following acceptance of
the Work Plan, CUSTOMER should desire to change the specifications
or other elements of the Work Plan, CUSTOMER shall submit to
FACILITATOR a written proposal specifying such changes. FACILITATOR
shall evaluate each such proposal and shall submit to CUSTOMER a
written response within five (5) working days following receipt
thereof. FACILITATOR’s response shall include a statement of
the availability of personnel and resources, as well as the effect
the proposed changes will have on the price, delivery dates or
warranty provisions of this Agreement.
Any changes to
the Work Plan shall be evidenced by a "Work Plan Amendment." The
Work Plan Amendment shall be signed by authorized representatives
of FACILITATOR and CUSTOMER, and shall be deemed a part of this
Agreement. If FACILITATOR does not approve the Work Plan Amendment,
he shall not be obligated to perform any additional services
hereunder.
Section 4.
Authority . FACILITATOR and CUSTOMER each hereby represent
and warrant that the execution, delivery and performance of this
Agreement has been duly authorized and that the Agreement is a
legal, valid and binding agreement of Web Designer and Customer,
enforceable in accordance with its terms. Web Designer and Customer
further represent that this Agreement does not breach or violate
any agreement to which it is a party or to which it is
bound.
Section 5.
Rights to Work Product . FACILITATOR hereby acknowledges
that the Deliverables and any other documentation, materials or
intellectual property hereunder (collectively, the "Work Product")
are works which have been specially commissioned by CUSTOMER and
are "work made for hire" for CUSTOMER and CUSTOMER shall own all
right, title, and interest therein. CUSTOMER shall be considered
the author of the Work Product for purposes of copyright and shall
own all the rights in and to the copyright of the Work Product and,
as between CUSTOMER and FACILITATOR, only CUSTOMER shall have the
right to obtain a copyright registration on the same which CUSTOMER
may do in its name, its trade name or the name of its nominee(s).
Accordingly, among other things, CUSTOMER is the author and owner
of the Work Product and shall have the sole and exclusive rights to
do and authorize any and all of the acts set forth in Section 106
of the Copyright Act with respect to the Work Product and any
derivatives thereof, and to secure any and all renewals and
extensions of such copyrights. To the extent FACILITATOR does not
own such Work Product as a work made for hire, FACILITATOR hereby
assigns, transfers, releases and conveys to Customer all rights,
title and interest to such Work Product, including but not limited
to all other patent rights, copyrights, and trade secret
rights.