Replies to post #80492 on World Surveillance Group Inc (fka WSGI)

[Nando]

Question to the board?

1) Is it possible that Ulrich Altvater failed to provide the number of units & support hours per contract that GTEM filed the lawsuit against him?


a. Support. Altvater shall provide up to [***] support hours per month to assist GlobeTel to plan, install, and operate a HotZone Suite of Products and to train GlobeTel's personnel in planning, installing and operating the HotZone Product Suite. Such support hours may be accomplished on-site or off-site in Florida and shall be provided by Altvater employees or consultants mutually agreed upon by the parties. GlobeTel will provide Altvater with seven (7) days written notice in advance of the date that its physical presence is required for off-site services to be provided in Mexico. If such notice is provided then Altvater shall pay all travel expense for one off-site assignment and GlobeTel shall pay all other expenses for off-site services. If GlobeTel makes off-site requests without at least a 7-day notice, GlobeTel will be responsible for all travel expenses for the support personnel to any location.

c. Units. Altvater will build up to [***] units per month of the HotZone 4010 for GlobeTel at Altvater's offices in Naples, Florida. Cost of assembly and testing of such units is included in the monthly cost set forth in this agreement, except for the cost of parts as set forth in subparagraph d below.

h. Default. In the event that any party breaches any obligation or terms and conditions within this agreement, for any reason, the party may deliver to the default party a default notice detailing the default event and if the default is not cured by that party within seven (7) days after the default notice is given. In the case of GlobeTel being called into default Altvater may hold as collateral any inventory or test equipment that is the property of GlobeTel until the default is cured. In the case of a default is not cured by Altvater, Altvater shall lose all rights granted to him under this agreement including but not limited to those set forth in section entitled "Consideration to Altvater" and any unvested stock options granted to Altvater shall be lost.

[pokestake]

Nando.. those companies have to do with the licensing of wimax technology for use in the oem's products. Sort of like an Intel chip in your PC. The manufacturer of the motherboard is licensed by Intel to use the chip and market a product that is designed around that chip.