Choice of Law and Dispute Resolution from Acknowledgement and Agreement
This Acknowledgement and Agreement is entered into as of August 13, 2013 by and between SECUREALERT, INC., a Utah corporation, having its principal place of business at 150 W. Civic Center Drive, Suite 400, Sandy, Utah 84070 ("SCRA") and SAPINDA ASIA LIMITED a British Virgin Islands corporation having its principal place of business at Rooms 803-4, 8/F, Hang San Wanchai Bldg., 200 Hennessy Road, Wanchai, Hong Kong ("Sapinda").
Choice of Law and Dispute Resolution. This Agreement shall be governed by the laws of the State of New York. In the event of any controversy, claim or action arising out of or relating to this Agreement, or breach thereof, the Parties shall consult and negotiate with each other and, recognizing their mutual interests, attempt in good faith to reach a mutually satisfactory solution. If the Parties are unable to reach a settlement within a period of twenty (20) calendar days, then, upon written notice by either Party to the other, any unresolved controversy or claim shall be settled by arbitration administered by the International Centre for Dispute Resolution (the "ICDR") in accordance with the provisions of its International Arbitration Rules. The number of arbitrators shall be one, selected in accordance with ICDR rules. The place of arbitration shall be New York City, New York (U.S.A.) and the language of the arbitration shall be English.