Official Termination Letter for International Marketing Agreement between SOTA Instruments Inc., Essential Innovations Asia Limited, and Essential Innovations Technology Corp.

Summary

SOTA Instruments Inc., Essential Innovations Asia Limited, and Essential Innovations Technology Corp. have mutually agreed to immediately terminate their International Marketing Agreement, originally signed on April 9, 2002. The parties have waived any required advance notice periods and confirm that the termination is amicable, based solely on their businesses moving in different directions. All parties express gratitude for their past collaboration and confirm the agreement is officially ended as of August 16, 2004.

EX-10.01 2 ex1001form8k081604.txt OFFICIAL TERMINATION LETTER Exhibit 10.01 August 16th, 2004 International Marketing Agreement Official Termination Letter Between: SOTA Instruments Inc. ("SOTA"), and Essential Innovations Asia Limited ("EIAL"), and Essential Innovations Technology Corp. ("EITC") To: Russell Torlage President, SOTA From: Mr. Jason McDiarmid President/CEO, EIAL and EITC Re: Termination and Cancellation of the International Marketing Agreement, (the "Agreement") originally dated April 9th, 2002 It is hereby agreed between SOTA Instruments Inc., Essential Innovations Asia Limited and Essential Innovations Technology Corp. that as of the date of this letter of August 16th, 2004, the International Marketing Agreement dated April 9th, 2002, shall officially be terminated. In cancellation of the Agreement, all parties wish to sincerely express to each other their gratitude in having worked together over the last couple of years, and to be clear about the fact that the cancellation of this agreement is based solely on the fact that each of the organizations is going in different directions with their collective businesses. By executing this document, SOTA, EIAL and EITC agree to waive any of the 30 and/or 60-day notice provisions required under Section 10 - Clause 10.01 - 10.03 of the Agreement and to thereby willingly terminate the Agreement immediately. IN WITNESS WHEREOF, SOTA, EIAL and EITC have caused this Agreement to be executed and delivered by the undersigned duly authorized officers as of the day and year first above written. Essential Innovations Asia Limited, and SOTA Instruments Inc. Essential Innovations Technology Corp. By: /s/ Jason McDiarmid /s/ Russell Torlage ------------------------------- --------------------------- Jason McDiarmid, President/CEO Russell Torlage, President