Exhibit 6.33
LICENSE AGREEMENT
THIS AGREEMENT is dated effective September 1, 1998.
Between: IQ POWER TECHNOLOGY INC.
of 0000 Xxxx Xxxxxxxx Xxxxxx, Xxxxx 000-X, Xxxxxxxxx, XX, X0X 0X0
(the "Licensee")
And: MATTALEX MANAGEMENT LTD.
of 0000 Xxxx Xxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxxx, XX, X0X 0X0
(the "Licensor")
In consideration of the fees to be paid and the covenants on the part of the
Licensee to be performed, the undersigned licensor (the "Licensor") hereby
grants to the Licensee a non-exclusive license (the "License") to occupy the
Office Premises described below for its business office use on the following
terms and conditions:
Office: Premises: Southwest corner office in the Licensor's leased
office premises at 0000 Xxxx Xxxxxxxx Xxxxxx, Xxxxx 000,
Xxxxxxxxx, XX, or such equivalent office as may be
designated by the Licensor from time to time therein.
Access: The Licensee shall have access to the Office Premises
between the normal business hours of the Licensor.
Reception
Services: The Licensor shall provide the Licensee with the
non-exclusive services of a receptionist.
Telephone: The Licensor, at the expense of the Licensee, shall provide
the Licensee with telephone services through the Licensor's
normal office telephone system.
Term: The License shall have a term of one year commencing
September 1, 1998, and continuing thereafter on a month to
month basis until terminated, provided however, either party
may terminate the License on one month's notice at any time
after December 1, 1998.
Monthly Fee: The Licensee shall prepay to the Licensor on the first day
of each month a monthly fee of $750.00 for the use of the
Office Premises during the month. The Licensee shall on
execution of this License Agreement forthwith prepay $1,500,
one-half of which represents payment of the first month fee
and the remainder a deposit for the last month of the
License.
Other Charges: Except for the monthly fee, all other office services
provided to the Licensee by the Licensor or its authorized
suppliers shall be provided under the policies and at the
rates from time to time established by the Licensor. All
such charges shall be due on the rendering of an account
therefor.
Termination: If the Licensee
a. fails or refuses to comply with the orders or requests
of the Licensor, or
b. permits any conduct or act which in the opinion of the
Licensor is improper, or renders it inadvisable that
the Licensee should be allowed to continue occupying
the Office Premises under this License, or
c. fails to comply with the terms and conditions in this
License,
the Licensor may terminate this License and take possession
of the Office Premises and at the cost of the Licensee,
remove him and all property therefrom, by force if
necessary, and the Licensor shall not be liable in damages
or otherwise by reason thereof, and notwithstanding such
termination or removal the Licensee shall pay in full the
License Fee.
If payment of fees and all other moneys is not made in
accordance with the terms of this License, this License may
be canceled by written notice from the Licensor without
prejudice to the Licensor's rights to recover for moneys due
and owing hereunder.
Transferability: The License may not be assigned or transferred in whole or
in part.
In consideration of the grant of the License, the Licensee covenants and agrees
as follows:
1. to pay the monthly fee and all other charges due hereunder;
2. to indemnify the Licensor and its partners and employees from all
claims, costs and liabilities which may arise as a result of the
granting of this License;
3. the Licensor shall not be liable for the loss of or injury to any
property, goods or effects of the Licensee due to any cause whatsoever;
4 to procure at its own expense all licenses and permits from municipal
or provincial authorities which may be required to operate or conduct
its trade or business and to pay all taxes that may be levied against
it as a result of the operation of its trade or business in the Office
Premises; and
5. not to assign or transfer the License.
Executed and delivered by and on behalf of the Licensor at Vancouver, British
Columbia, effective the date above-noted.
IQ POWER TECHNOLOGY INC.
Per: --------------------------------
================================================================================
================================================================================
Executed and delivered by and on behalf of the Licensor at Vancouver, British
Columbia, effective the date above-noted.
MATTALEX MANAGEMENT LTD.
Per: --------------------------------
