EUROPEAN INVESTOR SERVICES LTD
INTERNATIONAL INVESTOR COMMUNICATIONS 1& RELATIONS
CLIENT AGREEMENT
This Public Relations Services Agreement is made on the 5th day of February
1999 between the following parties under the Terms and Conditions set out
hereunder:
1. PARTIES
The parties to this Agreement are:
EUROPEAN INVESTOR SERVICES LTD. (hereinafter known as EIS ), a company
incorporated in the United Kingdom and whose registered office is situated at
00/00 Xxxxx Xxxxxx, Xxxxxx X0X 0XX, Xxxxxxx
and
CRYOPAK INDUSTRIES INC (hereinafter known as the 'Company'), Whose head office
is situated at Xxxxx 0000-000 Xxxx Xxxxxx, Xxxxxxxxx XX, Xxxxxx X0X0X0.
2. WHEREAS
The Company has requested EIS to provide European Investor Relations, and
Financial Media Relations for Cryopak Industries Inc. (the'Company').
3. SERVICES
The following general services will be provided by EIS during the term of this
agreement:
Identifying and maintaining a database of the Target Audience and fostering
an interest in the company by direct liaison, including organizing one to one
meetings, with institutional investment professionals and key private investors.
The opportunity exists to produce a report identifying current shareholders of
company in your sectoral peer group, utilizing our online CDA database at a
reduced cost.
Identifying current major shareholders,analyzing their current attitudes to
your company, and reporting to you on this.
Ensuring on-going contact with the Target Audience and existing investors,
updating them with regular information by telephone, fax and mail, to include
timely distribution of quarterly financials, annual reports, news/press
releases, brokers reports and other relevant corporate information. EIS shall
obtain the company's approval of all written material prior to any distribution
of same.
Providing information to, and raising the company's profile with the
financial media, broadsheets and news agencies and coordinating coverage.
Ensure participation in regional / sectoral survey features. Ensure distribution
of press releases and relevant information to news agencies i.e. Press
Association News, Dow Xxxxx, Reuters, Bloomberg where appropriate, Assess
possibilities for stories in the broadcast media i.e. business radio and
television.
Encourage industry and financial analysts to follow the company and
encourage the production of broker's reports.
Advising on corporate matters including presentation of your corporate
strategy, possibilities for share buy-backs, acquisitions, joint ventures, etc.
Advising on the opportunities and methods of financing available to the company,
and the possibilities and benefits of listing on other exchanges.
Providing representative office in London including use of boardroom, and
general administrative support where necessary.
4. REMUNERATION
EIS will be remunerated as follows:
(i) A Fee of 2,000 (Two thousand pounds) per month or part thereof payable
monthly in advance, commencing on the first day of this agreement, and to cover
day to day time and administrative costs incurred in the performance of the
services, Extraordinary items such as organizing roadshows, providing
promotional literature, arranging mailshots and entertaining clients on
the company's behalf, to be priced separately with the company's prior agreement
or treated as out-of-pocket expenses, subject to the provisions of Clause 4 (ii)
hereunder.
(ii) All travel/subsistence or other out-of-pocket expenses or costs incurred in
the performance of the services with the prior consent of the company being
required for all expense items over 200 (two hundred pounds).
(iii) All other investigatory costs and expenses, undertaken with the prior
consent of the company, including the use of outside consultants and carried out
in good faith in the performance of this Agreement.
(iv) All bought in items are charged to the client at cost plus a 15%
handling charge.
5. CONFIDENTIALITY
Both parties will treat all information provided to the other with the utmost
confidentiality, except as may be required to be disclosed in the reasonable
performance of this Agreement.
6. TERM
This Agreement will take effect on the 5th day of February, 1999 and remain in
force for six months from the date of signing whereupon it may be extended upon
the agreement of both parties. However, the remuneration of 2000 (two thousand
pounds) per month is subject to review after three months upon the written
agreement of both parties.
6.1 TERMINATION
Nonwithstanding any other provision of this Agreement, the Agreement may be
terminated at any time by either Party upon 30 days written notice to the other
Party.
7.GENERAL
Separability
The enforceability or unenforceability of any particular provision of this
Agreement shall not affect the other provisions herein and this Agreement shall
be construed as if such invalid or unenforceable provisions were omitted.
8. LAW
The terms of this Agreement shall be construed and governed in accordance with
the laws of the United Kingdom. EIS agrees to act in the company's best interest
and to comply with applicable laws including securities laws in addition, EIS
acknowledges being familiar with policy 8 of the VSE.
Signed this 5th day of February 1999 by the parties to this Agreement as,
CRYOPAK INDUSTRIES INC (The Company)
---------------- Director
EUROPEAN INVESTOR SERVICES (EIS)
--------------- Director
