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Tuesday, 11/23/2010 2:26:55 PM

Tuesday, November 23, 2010 2:26:55 PM

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EC3 Global has a wholly owned subsidiary Green Globe Asia Pacific Pty Ltd (“GGAP”).

Since 1999 GGAP has had a license from the owner of the Green Globe brand, Green Globe Limited (“GGL”), to use the brand name and trade mark “Green Globe”, “Green Globe 21” and the Green Globe logo (together the “Green Globe Brands”) for the purpose of providing an environmental certification program and related products, services and activities for the travel and tourism industry.

GGAP’s current license is worldwide and is exclusive in the Asia Pacific Region. The Asia Pacific Region includes Australia, Antarctica, Bangladesh, Bhutan, Borneo, Cambodia, East Timor, Fiji, French Polynesia, India, Indonesia, Japan, Hong Kong, Kirghizia, Laos, Malaysia, Maldives, Mariana Islands, Micronesia, Mongolia, Myanmar, North Korea, Nepal, New Caledonia, New Zealand, Pakistan, Papua New Guinea, Philippines, South Korea, Singapore, Solomon Islands, Sri Lanka, Taiwan, Tajiskistan, Thailand, Tonga, Vanuatu, Vietnam and Western Samoa.

The exclusive nature of GGAP’s license prevents the use of the Green Globe Brand by any other person or organization for any purpose in the Asia Pacific Region. The Asia Pacific Region does not include Mainland China where GGAP’s rights are non-exclusive.

GGAP’s license is irrevocable and expires in May 2014 although GGAP has an option to extend its licence for a further five year period. In accordance with its agreement, GGAP sub-licenses all of its rights to use the Green Globe Brands to EC3 Global.

EC3 Global, pursuant to its sub-licence delivers and manages globally its Green Globe benchmarking and certification program, underpinned by EarthCheck science. EC3 Global has the exclusive, worldwide rights to the EarthCheck science. Consequently, while there are other licensees of the Green Globe brand outside the Asia Pacific Region, none of those licensees can underpin their product with the EarthCheck science.
http://www.earthcheck.org/en-us/green_globe/green_globe.aspx

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