Item 1.01 Entry into a Material Definitive Agreement.
On
Pursuant to the Reseller Agreement, Eagle Lake appointed the Company as a
non-exclusive reseller of Eagle Lake's products and services. As a reseller for
Eagle Lake, the Company has agreed to, among other things, use its best efforts
to solicit orders from interested parties for Eagle Lake's products and
services, secure channel partners and distributors for Eagle Lake's products and
services, and to resell Eagle Lake's products and services to industry,
government entities, quasi-governmental agencies, nonprofit organizations, and
non-governmental organizations in
The Company may terminate this agreement for any reason upon 30 days' written notice to Eagle Lake. Eagle Lake may terminate the agreement upon 120 days' notice to the Company, but only in the case of a material breach of the Reseller Agreement by the Company. The Reseller Agreement does not have any specified term or termination date.
The Reseller Agreement contains confidentiality provisions, and each of the Company and Eagle Lake have agreed to use reasonable best efforts to protect all non-public information and know-how received from each other during the term of the Reseller Agreement. If the Reseller Agreement is terminated by either party, for any reason, the Company has agreed to not compete in any way with Eagle Lake on its existing products and services.
The foregoing description of the Reseller Agreement is qualified entirely by the Reseller Agreement itself, which is attached as Exhibit 10.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Reseller Agreement between the Company and
datedAugust 20, 2020
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