This Internet Advertising Services Agreement effective the Effective Date indicated below is made by and between Marketingsector.com Inc. of Vancouver, British Columbia, Canada (“MSI”) and the Advertiser identified below (the “Advertiser”) (collectively the “Parties” and each a “Party”). For valuable consideration, the receipt and sufficiency of which each of the Parties acknowledges, the Parties hereby covenant and agree as follows:
1. Background
1.1. MSI is in the business
of providing Internet advertising services whereby MSI publishes third party
advertisements on third party Internet websites and other Internet resources
(each a “Site”). Advertiser wishes to engage MSI to publish
advertisements for Advertiser or its clients (the “Advertising Services”)
as set forth in this Agreement.
1.2. In this Agreement (including all referenced
Schedules and Orders): (a) “Advertisements” means advertisements
that Advertiser wishes MSI to Publish on Sites; (b) “Ad Content”
means the content of Advertisements, the information, business, goods and
services provided through or referenced in Advertisements, and the websites and
other Internet locations and materials Users may access or link to through
Advertisements or other Ad Content; (c) “Publish” means cause an
Advertisement to be displayed to Users of Sites as specified in the applicable
Order (defined in paragraph 2.2); and (d) “User” means an
individual user of a Site as identified by the IP address of the user’s
computer as determined by MSI based upon server data transmission logs provided
by the Site or MSI systems. Other capitalized terms are defined elsewhere in
this Agreement, including the MSI Fee Schedule available on the MSI website at www.marketingsector.com (the “Fee Schedule”).
2. Engagement, Orders & Advertising Services
2.1. Engagement and Orders: Advertiser hereby engages MSI to provide Advertising Services to
Advertiser during the term of this Agreement (the “Term”) pursuant to
individual Orders (defined in paragraph 2.2).
2.2. Order Processing:
Each time Advertiser wishes to request specific Advertising Services from MSI, Advertiser will sign and deliver to MSI a completed insertion order in the form prescribed by MSI from time to time (each an “Order”).
An Order submitted by Advertiser will not be binding on MSI unless and until MSI accepts the Order in writing. MSI may in its discretion refuse to accept any Order.
2.3. Advertising Services: For each Order, MSI will Publish the Advertisements specified in the Order to achieve
the Advertising Services metrics (the “Metrics”) specified in the Order
and subject to such other restrictions, if any, specified in the Order.
3. Advertisements and Metrics
3.1. Advertisements: Advertiser
will provide MSI with all Advertisements to be Published pursuant to this
Agreement in accordance with the specifications and technical requirements
prescribed by MSI. Advertiser is solely responsible and liable for
Advertisements and Ad Content, and will ensure that Advertisements and Ad
Content strictly comply with this Agreement and the applicable Order. MSI is not obliged to review or monitor Advertisements or Ad Content to determine if they comply
with the requirements of this Agreement, but MSI may do so in its discretion. MSI may in its discretion refuse to Publish any Advertisement MSI considers inappropriate or
unsuitable.
3.2. Advertiser’s Servers: This provision applies if Advertisements will be accessed from
Advertiser’s servers. Advertiser will ensure that Advertiser’s servers: (a)
are fully functional and operational 24 hours a day, 365 days a year; (b) immediately
respond to requests for Advertisements by MSI’s servers; and (c) do not
distribute anything to MSI’s servers except Advertisements. Advertiser is
solely responsible and liable for obtaining, provisioning, configuring,
maintaining, paying for, and protecting from loss and damage its servers and
all equipment (including without limitation computer hardware and software) and
services (including without limitation Internet access services) necessary for
the operation of its servers.
3.3. Changes/Placement: Subject to the requirements expressly set forth in the applicable
Order, MSI: (a) may change the size of Advertisements as Published,
provided that the changes do not degrade or change the physical appearance
(other than the size) of the Advertisements; and (b) will determine the
positioning of Advertisements on Sites and the method of presentation
(including pop-up, pop-under, banner or other presentation methods).
3.4. Metrics: MSI will determine the Metrics rendered in connection with each Order. Absent manifest
error, MSI’s determination of Metrics rendered in connection with each
Order will be conclusive and binding upon Advertiser.
3.5. Codes: During
the Term, Advertiser may access information regarding Metrics for each
Order through MSI’s computer systems using access codes (“Codes”)
provided by MSI. Advertiser is fully responsible and liable for the security
of the Codes and all use and misuse of the Codes. Advertiser will keep the
Codes secure and confidential at all times and not disclose the Codes to any
unauthorized person. Advertiser will ensure that all uses of the Codes comply
with this Agreement. Advertiser will immediately notify MSI if Advertiser knows or suspects any unauthorized access to or use of a Code. MSI is not under any obligation to verify the actual identity or authority of any person using
Codes. MSI may immediately suspend or cancel a Code without any notice or
liability to Advertiser or any other person if MSI considers the Code to be
insecure or to have been used inappropriately.
3.6. Privacy: To
protect privacy, MSI will not be obligated to disclose to Advertiser or any
other person the names, contact information, URLs or other personal information
of Users or persons that own or operate Sites.
4. Compensation
4.1. Fees: In respect
of each Order, Advertiser will pay to MSI the applicable fees (the “Fees”) based upon the rates
specified in the Order, or if no such rates are specified the rates in the Fee
Schedule. MSI may in its discretion change the Fee Schedule from time to time
without any prior notice to Advertiser or any other person by posting the
amended Fee Schedule on MSI’s website, provided that the changes will not apply
to Orders previously accepted by MSI.
4.2. Taxes: Fees are
exclusive of all applicable federal, state, provincial, and municipal sales,
use, value-added, property, excise, import, foreign, withholding and other
governmental taxes, duties, charges, levies, fees, excises, tariffs and
assessments, of any nature whatsoever now or hereafter imposed (collectively, “Taxes”).
Advertiser is solely responsible and liable for, and will pay to MSI, all Taxes (other than corporate income taxes payable by MSI) associated with, based on or
due as a result of the Fees, and all related interest, penalties and expenses.
4.3. Payments: For
each Order, MSI will
prepare and deliver an invoice to Advertiser setting out the applicable Fees
and Taxes payable to MSI. Each invoice will be due and payable in accordance
with the payment terms and method set forth in the Order or otherwise agreed to
in writing by the parties. MSI may deliver invoices to
Advertiser by email. MSI may require advance payment of an invoice before
providing related Advertising Services. Except as set forth in paragraph 9.2,
advance payments of Fees and Taxes are non-refundable under any circumstances,
including if Advertiser cancels the Order. Advertiser will make payments by
the methods (including wire transfer) set forth in the Order or otherwise
prescribed by MSI in its discretion from time to time. Overdue payments will
be subject to interest at a rate of 1½% for each month (18% per annum)
or fraction thereof that the payment is overdue, or the highest rate permitted
by applicable law, whichever is lower.
4.4. Withholdings:
Except to the extent required by law, all amounts payable to MSI under this Agreement are payable in full without any deduction or withholding. If Advertiser
is prohibited by law from making payments under this Agreement free of
deductions or withholdings, Advertiser will pay such additional amounts to MSI as may be necessary to ensure that the actual amount received by MSI after deduction or
withholding and after payment of any additional Taxes or other charges due as a
consequence of the payment of such additional amounts will equal the amount
that would have been received by MSI if such deductions or withholdings were
not required.
4.5. Costs/Equipment/Services: Advertiser is solely responsible and liable for all costs and
expenses incurred directly or indirectly by Advertiser arising from, connected
with, or relating to Advertiser’s performance of its obligations under this
Agreement.
5. Proprietary Rights
5.1. Advertisements: Advertiser or
its clients will at all times own and retain all right, title and interest
(including without limitation all intellectual property rights) in, to and
associated with Advertisements, except that Advertiser (on its own behalf and
on behalf of its clients) hereby grants to MSI a non-exclusive, royalty free, world-wide right and license during
the Term to use (including without limitation access, load, execute, store,
copy, reproduce, transmit, distribute, publish, publicly display and perform)
the Advertisements as may be required to provide the
Advertising Services and perform MSI’s obligations under this Agreement.
5.2. Advertising Services: MSI or its licensors will at all times own and retain all right,
title and interest (including without limitation all intellectual property
rights) in, to and associated with the Advertising Services and all related
software and technologies. Advertiser will not acquire any right, title or
interest in, to or associated with Advertising Services or related software or
technologies.
5.3. Reservation: All
rights not expressly granted under this Agreement are reserved to the Parties.
6. Confidential Information
6.1. Confidentiality Obligation: By virtue of this Agreement, Advertiser may have access to
information that is proprietary or confidential to MSI, including but not limited to
information, in any form (whether written, electronic or oral) about this
Agreement, the Advertising Services, Sites, and Users, and other information
that derives actual or potential value from not being generally known or
readily ascertainable or is clearly identified as confidential (collectively, “Confidential
Information”). Advertiser will: (a) use Confidential Information only
as necessary to exercise its rights and perform its obligations under this Agreement;
(b) disclose Confidential Information only to such persons and only to the
extent that such disclosure is necessary to exercise its rights and perform its
obligations under this Agreement; (c) both during and after the Term,
maintain the strict confidentiality of Confidential Information using the same
degree of care as it affords to its own confidential information of a similar
nature which it desires not to be published or disseminated, and in no event
less than reasonable care, to prevent the unauthorized use or disclosure of
Confidential Information; and (d) ensure that each person to whom it
discloses Confidential Information (including without limitation its clients) maintains the strict confidentiality of Confidential
Information and fully complies with the requirements of this Section 6.
6.2. Permitted Disclosures: Notwithstanding the restrictions set forth in paragraph 6.1,
Advertiser may disclose Confidential Information to
the extent such disclosure is required by a valid order of a court, tribunal or
governmental body or institution of competent jurisdiction and authority or by
applicable law, provided that before making any such disclosure Advertiser gives reasonable notice to MSI of the potential disclosure and reasonably assists MSI in seeking a protective
order preventing or limiting the potential disclosure or use of Confidential
Information.
6.3. Return and Destruction of Confidential
Information: At any time upon request by MSI and immediately upon termination of
this Agreement, Advertiser will promptly: (a) deliver to MSI all originals and copies of Confidential Information and all documents, records, data and
materials containing Confidential Information in Advertiser’s possession, power
or control; (b) delete all Confidential Information from all of
Advertiser’s computer systems, retrieval systems and databases; and (c) if
requested by MSI, deliver to MSI a declaration signed by a senior
Representative of Advertiser certifying that Advertiser has complied with this
paragraph 6.3.
7. Risk Allocation
7.1. Representations and Warranties of Advertiser: Advertiser represents and warrants to MSI that now and at all times during the
Term:
(a) Advertiser has the right, power, capacity and
authority to enter into and perform its obligations under this Agreement;
(b) Advertiser has all requisite consents, licenses,
rights, authorizations and permissions from all interested persons, including
without limitation Advertiser’s clients, and the right and full power and
authority under all applicable laws to authorize and permit MSI to provide the Advertising Services;
(c) all information provided by Advertiser to MSI in an Order or otherwise is true, accurate, current and complete;
(d) each and every Advertisement and Ad Content: (i) complies
with this Agreement; (ii) complies with all applicable laws (including
without limitation laws regarding advertising, consumer protection, defamation,
discrimination, gaming or gambling, Internet regulation, marketing, obscenity,
pornography, data protection, privacy and spam) and all applicable community
standards; (iii) does not infringe or violate the rights (including
without limitation intellectual property, industrial property, moral, privacy
and publicity rights) of any person; (iv) is not intended for or directed to
persons under 13 years of age; (v) is not and does not contain, reference
or distribute, directly or indirectly through links to other websites, any
statements, messages, images or other materials that are abusive, contain
nudity, deceptive, defamatory, derogatory, discriminatory, false, fraudulent,
harassing, harmful, hateful, indecent, lascivious, lewd, libellous, misleading,
objectionable, obscene, offensive, pornographic, profane, racist, sexist,
sexually explicit, slanderous, threatening, violent, vulgar or otherwise
objectionable or unlawful, or which advocate, depict, encourage, or tend to
incite any such conduct, the commission of a crime or other unlawful activities
(including pyramid schemes); and (vi) does not contain any intentional or
unintentional virus, trojan horse, worm, time bomb, cancelbot, spyware,
malware, disabling device or other computer code that may damage, disrupt,
disable, compromise, degrade, harm, detrimentally interfere with,
surreptitiously intercept or expropriate, interrupt, lock, disable, erase,
limit the functionality or use of, or otherwise adversely affect, or facilitate
unauthorized access to or use of, any Site or other websites, computer system,
hardware, software, or telecommunications equipment, or any related data or
information;
(e) Advertiser is not aware of any Claims or
Proceedings (defined in paragraph 8.2) arising from, connected with or related
to any Advertisement or Ad Content; and
(f) the possession and use (including without
limitation the accessing, storing, coping, reproduction, transmission,
distribution, publishing and display) of Advertisements and Ad Content by
Advertiser and MSI and the provision of Advertising Services in respect of
Advertisements and Ad Content by MSI does not and will not violate or infringe
the rights (including without limitation intellectual property, industrial
property, moral, privacy and publicity rights) of any person or result in the
breach or violation of any applicable law (including without limitation laws
regarding advertising, marketing, obscenity, pornography, gaming, spam,
defamation and discrimination) or any applicable community standards or any
statutory, contractual or other obligation or prohibition.
7.2. Representations and Warranties of MSI: MSI represents and warrants to Advertiser that MSI has the corporate power, capacity and
authority to enter into this Agreement.
7.3. Disclaimers: The representations and warranties set forth in paragraph 7.2 are in lieu of all other representations, warranties,
conditions and guarantees from MSI. Except for the representations and warranties set forth in paragraph 7.2, the Advertising Services are provided “as is and with all faults”, and without any representations, warranties, conditions or guarantees
of any nature or kind whatsoever, whether express, implied or statutory, or
arising from custom or trade usage or by any course of dealing or course of
performance, including without limitation any representations, warranties,
conditions or guarantees of or relating to: accuracy; capacity; completeness;
delays; durability; errors; fitness for a particular purpose; lack of
negligence, viruses or other harmful component, errors, or interrupted service;
merchantability; non-infringement; performance; quality; results; suitability;
timeliness; title; or workmanlike effort; all of which are hereby disclaimed by
MSI to the fullest extent permitted by law. Advertiser is solely responsible and liable for the selection of the Advertising Services to achieve the results desired by
Advertiser and its clients. Without limiting the generality of the foregoing:
(a) MSI does not represent, warrant, or guarantee that Advertising
Services will meet the needs or expectations of Advertiser or its clients or be
free from errors or uninterrupted service; and (b) MSI is not responsible or liable for any Sites or Site content. if Advertiser is dissatisfied
with the Advertising Services, Advertiser’s sole and exclusive remedy is to
terminate this Agreement.
7.4. Exclusion/Limitation
Of Liability: Notwithstanding
any other provision of this agreement, and to the maximum extent permitted by applicable law:
(a) Exclusions: MSI’s liability (if any) under this
Agreement or otherwise is limited to direct damages suffered by Advertiser, and in no event will MSI be liable to Advertiser or any other person (including without
limitation Advertiser’s clients) for any indirect, incidental, consequential,
special, punitive or exemplary loss or damage, arising from, connected with, or
relating to the Advertising Services, this Agreement, the subject matter of
this Agreement, or otherwise, including but not limited to loss of data, information, business, markets, savings, income, profits, use, production, or goodwill,
anticipated or otherwise (including without limitation by reason of any
expenditures, investments, leases or commitments made in anticipation of the
continuance or performance of this agreement), or economic loss, under any
theory of liability (whether in contract, tort, strict liability or any other
theory or law or equity);
(b) Limitations: in no event will MSI’s total aggregate liability to Advertiser and any other person (including without limitation
Advertiser’s clients) under this Agreement or any theory of liability (whether
in contract, tort, strict liability or any other theory or law or equity)
exceed the lesser of: (i) the Fees paid by Advertiser in respect of the
Order relating to the liability; or (ii) $1,000;
(c) Release: Advertiser
hereby releases, remises and discharges MSI from all obligations, liabilities,
claims or demands in excess of the exclusions and limitations set forth in this
paragraph 7.4; and
(d) General/Definition: this paragraph 7.4
applies regardless of any negligence or other fault or wrongdoing (including
fundamental breach or gross negligence) by MSI or any person for whom MSI is responsible, and even if MSI has been advised of the possibility of the loss or damage
being incurred; and in this paragraph 7.4, “MSI” includes MSI and its past, present and future Representatives (defined in paragraph 8.2), jointly and severally.
7.5. Fair
Allocation of Liability:
Advertiser acknowledges and agrees that this Agreement
presents a fair allocation of risk and liability, and the provisions in this
Section 7 are an essential part of this Agreement.
8. Indemnity
8.1. Indemnity:
Advertiser will defend, indemnify, and save and hold harmless MSI and its Representatives from and
against all Claims and Proceedings directly or indirectly arising from,
connected with, or relating to: (a) any negligence, misconduct or breach
of this Agreement by Advertiser or any other person for whom Advertiser is
under this Agreement or in law responsible; and (b) the Advertisements and
Ad Content. MSI and its
Representatives will have sole control over the defence of and settlement
negotiations with third parties relating to all third party Claims and third
party Proceedings. Advertiser will assist and co-operate as fully as reasonably
required by MSI in the defence of all third party Claims and third party
Proceedings.
8.2. Definitions: In
this Agreement: (a) “Claims” means claims, counterclaims,
complaints, demands, causes of action, liabilities, obligations, damages,
losses, legal fees, costs, expenses and disbursements (including reasonable
attorneys’ fees and court costs) of any nature or kind, whatsoever and
howsoever arising, whether known or unknown, whether in law or in equity or pursuant
to contract or statute, and whether in any court of law or equity or before any
arbitrator or other body, board or tribunal; (b) “Proceedings”
means actions, suits, proceedings and hearings of any nature and kind in any
court of law or equity or before any arbitrator or other body, board or
tribunal; and (c) “Representatives” means past, present and future
directors, officers, employees, agents, representatives, service providers,
subcontractors, suppliers, licensors, licensees, successors, heirs, executors,
assigns, personal representatives and related persons and each of them.
9. Term, Termination and Suspension
9.1. Term: This
Agreement will be effective as of the Effective Date and remain in full force
and effect unless and until terminated pursuant to this Agreement (the “Term”). The term of each Order will commence on the effective date
specified on the Order and expire when the Metrics specified in the Order has
been achieved, unless terminated earlier pursuant to this Agreement or the
terms of the Order. Upon the termination of this Agreement for any reason, all
then-current Orders will automatically and immediately terminate.
9.2. Termination for Convenience by Either Party: Notwithstanding any other provision of this Agreement, either
Party may in its discretion terminate either (a) one or more Orders, or (b) this
Agreement and all Orders, at any time for its sole convenience upon delivering
to the other Party 24 hours prior notice of termination. If an unfulfilled Order is terminated by MSI pursuant to this
paragraph 9.2, MSI will refund to Advertiser any unearned portion of any
advance payment of Fees and related Taxes pursuant to the terminated Order.
9.3. Suspension of Services by MSI:
Notwithstanding any other provision of this Agreement, if Advertiser fails to
make a required payment under this Agreement, or if MSI is notified of any
proven or unproven allegation or claim, or has reason to believe, that any
Advertisement, Ad Content or the Advertising Services, or any portion thereof,
infringes or violates any applicable laws or any rights (including without
limitation intellectual property, industrial property, proprietary rights or
privacy rights) of any other person or is contrary to any of the provisions of
this Agreement, then MSI may immediately suspend the provision of all or any
portion of the Advertising Services without any notice to Advertiser or any
other person. No such suspension will be a breach of
this Agreement by MSI, entitle Advertiser to a refund of fees, or give rise
to any liability by MSI to Advertiser or any other person.
10. General Provisions
10.1. Interpretation: In this Agreement: (a)
a reference to “this Agreement” and other similar terms refers to this Internet
Advertising Services Agreement and all referenced Schedules and Orders, each of
which is incorporated herein by reference, as a whole and not just to the
particular provision in which those words appear; (b) headings in this
Agreement are for reference only and do not define, limit or enlarge the scope
or meaning of this Agreement or any of its provisions; (c) words importing
persons include individuals, partnerships, associations, trusts, unincorporated
organizations, societies and corporations; (d) words importing the
singular number only include the plural and vice versa; (e) words
importing either gender include both genders; (f) references to a day,
month, or year, mean a calendar day, month, or year, unless expressly indicated
otherwise; and (g) references to currency are to the currency of the
United States of America, unless expressly indicated otherwise. To the extent
that specific provisions of a Schedule or Order conflict with the terms and
conditions of the main body of this Agreement, the provisions of the main body
of this Agreement will take priority over the specific provisions of the
Schedule or Order.
10.2. Notices: Except
for Orders and Invoices (which may be transmitted by email), all notices to be
given under this Agreement will be in writing and will be delivered by personal
delivery, by overnight or express courier, or by facsimile transmission to a
Party at the address and facsimile number indicated in this Agreement or at
such other addresses and facsimile numbers as may from time to time be notified
in writing by that Party pursuant to this paragraph 10.2. A notice
delivered personally or by courier will be deemed to have been received on the
next business day following the date of such delivery. A notice delivered by
facsimile will be deemed to have been received on the next business day following
the date of transmittal and acknowledgement of receipt by the recipient’s fax
machine.
10.3. Subcontractors: MSI may engage
subcontractors and service providers to perform any or all of MSI’s obligations under this Agreement, provided that MSI will remain responsible for the
performance of all of its obligations under this Agreement.
10.4. Survival: Notwithstanding any other provision of
this Agreement, the following provisions of this Agreement, and all other
provisions necessary to their interpretation or enforcement, will survive
indefinitely after the termination of this Agreement and will remain in full
force and effect and be binding upon the Parties as applicable: Sections 4, 5, 6, 7, 8, 10.
10.5. Force Majeure: Notwithstanding any
other provision of this Agreement, MSI will not be liable to Advertiser or any other
person for any delay in performing or failure to perform any of its obligations
under this Agreement to the extent performance is delayed or prevented due to
any cause or causes that are beyond MSI’s reasonable control, including without limitation
any: (a) act of God, accident, or natural disaster; (b) war, terrorism, or
civil unrest; (c) labor, industrial or trade disputes or disturbances; (d) theft
or sabotage; (e) failure, malfunction or unavailability of power,
utilities, telecommunications, data communications, or related services; (f)
act or omission by a government or court; or (g) applicable laws. Any
delay or failure of this kind will not be deemed to be a breach of this
Agreement by MSI, and the time for MSI’s performance of the
affected obligation will be extended by a period that is reasonable in the
circumstances.
10.6. Severability: If any provision of this Agreement is held to be invalid
or unenforceable for any reason, then the provision will be deemed to be
severed from this Agreement and the remaining provisions will continue in full
force and effect without being impaired or invalidated in any way, unless as a
result of any such severance this Agreement would fail in its essential
purpose.
10.7. No Waiver: No
consent or waiver by a Party to or of any breach by the other Party in its
performance of its obligations under this Agreement will be: (a) deemed or
construed to be a consent to or waiver of a continuing breach or any other
breach of those or any other obligations of that Party; or (b) effective
unless in writing and signed by both Parties.
10.8. Enurement and Assignment: The
provisions of this Agreement will enure to the benefit of and be binding upon
the Parties and their respective successors and permitted assigns. Advertiser
may not assign this Agreement without MSI’s prior written consent, which consent may be withheld in MSI’s discretion. MSI may assign or license all or any portion of its rights and interests under the
Agreement as it sees fit in its discretion.
Advertiser’s clients are not parties to or beneficiaries of this Agreement.
10.9. Cumulative Remedies: Except as
expressly set forth in this Agreement, the Parties’ respective rights and
remedies under this Agreement are cumulative and not exclusive of any other
rights or remedies to which the Parties may be lawfully entitled under this
Agreement or at law or equity, and the Parties will be entitled to pursue all
of their respective rights and remedies concurrently, consecutively and
alternatively.
10.10. Records: During the Term and for six (6) years after the end of the Term,
each Party will create and retain all usual and proper records and books of
account relating to the performance of its obligations under this Agreement.
10.11. Further
Assurances: Each of the Parties will execute any
further documents and do any further acts or things that may be necessary to implement
and carry out the intent of this Agreement.
10.12. Governing
Law: This Agreement
(including all Schedules and Orders) and the subject matter of this Agreement
and all related matters will be governed by, and construed in accordance with,
the laws of British Columbia, Canada and applicable federal laws of Canada,
excluding the United Nations Convention On Contracts For The International Sale
Of Goods and any rules of private international law or the conflict of laws
that would lead to the application of any other laws.
10.13. Dispute
Resolution: All disputes, controversies and claims
arising under, out of, in connection with, or in relation to this Agreement
(including all Schedules and Orders), or the making or validity of this
Agreement, or its interpretation, or any breach thereof, or the Advertising
Services, or any related matters or any legal relationship associated therewith
or derived therefrom (collectively “Disputes”) will be referred to and
finally resolved by binding arbitration under the International Commercial
Arbitration Rules of the British Columbia International Commercial Arbitration
Centre (the “BCICAC”) by one arbitrator appointed in accordance with
those rules. The arbitration will be private and confidential and will be
administered by the BCICAC in accordance with its rules. If the BCICAC is not
operative, the arbitration will proceed ad hoc and be governed by the Commercial
Arbitration Act (British Columbia). The place of arbitration will be the
City of Vancouver, British Columbia and the language to be used in the
arbitration will be the English language. Any awards rendered in any such
arbitration are final and binding and judgment thereon may be entered in any
court having jurisdiction for its enforcement. Notwithstanding the foregoing,
the Parties may seek appropriate judicial equitable remedies from the Supreme
Court of British Columbia sitting in Vancouver, British Columbia regarding all
Disputes prior to or during the arbitration of Disputes, and the Parties hereby
irrevocably submit and attorn to the sole and exclusive jurisdiction of that
court in respect of all such matters.
10.14. Counterparts
and Execution: This Agreement may be executed in one or more
counterparts, which may be delivered by facsimile transmission or
electronically in PDF or similar secure format, and each counterpart when
executed and delivered will be deemed an original, and all such counterparts
will together constitute one and the same document.
10.15. Complete Agreement: This
Agreement (including all Schedules and Orders) sets forth the entire agreement
of the Parties with respect to the subject matter of this Agreement and
supersedes all previous communications,
representations, negotiations, discussions, agreements
or understandings, whether oral or written, between
them with respect to the subject matter of this Agreement. This Agreement may be modified only by a written instrument
signed by the Parties or their successors or permitted assigns.