Letter Agreement Appointing Climate ESCO Ltd. as Sales Agent for Galaxia Electronics Co. Ltd. in British Columbia

Contract Categories: Business Operations › Agency Agreements
Summary

Galaxia Electronics Co. Ltd. appoints Climate ESCO Ltd. as its sales agent for LED White Solutions in British Columbia, Canada. The agreement allows Climate ESCO to sell these products within the specified region, with potential for additional products and territories subject to separate approval. Either party may terminate the agreement with 30 days' notice. The agreement is effective from the date of signature.

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EX-10.5 10 fs12011ex10v_climateesco.htm LETTER AGREEMENT WITH GALAXIA ELECTRONICS CO. LTD. fs12011ex10v_climateesco.htm
Exhibit 10.5
 
Letter of Appointment
 
 
February 22, 2011
 
 
Climate ESCO Ltd.
#4-2119 152nd Street
Vancouver, British Columbia, Canada, V4A 4N7
 
Galaxia Electronics Co. Ltd. ("Company) having its principal place of business at #15, Tech-Center, SKn Technopark 190-1, Sangdaewon-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea 462-721 duly appoints Climate ESCO Ltd. ("Agent") as an Agent of Company to sell products in Canada.
 
Terms and Conditions:
 
1.  
This letter of appointment is effective from the date of signature on the below.
 
2.  
Sales Area: Agent shall act as the Agent for the Company within the geographic area of British Columbia, Canada. Sales opportunities in other regions will be approved on a case by case scenario.
 
3.  
Products: All LED White Solutions. LED Display and Architectural LED Lighting can be approved on a case by case scenario.
 
4.  
Termination: This agreement can be terminated by either Agent or Company on a 30 day notice.
 
 
 
/s/ I. D. LEE                          
I. D. Lee
Senior Director
Feb. 22, 2011