PRINCIPAL TERMS AND CONDITIONS Clause Samples

PRINCIPAL TERMS AND CONDITIONS. (“ Principal Terms” )

PRINCIPAL TERMS AND CONDITIONS. The Vendor agrees to lease a portion of the office space within the Building pursuant to Section 4.6. Following is a summary of the general business terms upon which the Vendor will lease premises within the Building, namely; Tenant: QLT Inc. Landlord: Discovery Parks Holdings Inc. or permitted assignee Building Address: ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇ Leased Area: Approximately 44,000 square feet of office and laboratory space in a location to be agreed upon. The Tenant will be responsible for all costs associated with the demise of the Leased Area and all work shall be completed to City of Vancouver code requirements. Term: Five (5) years Lease Commencement Date: Closing Date, with rent commencing on the first day of the month following the Closing Date. Renewal Options: Two options of five (5) years each to be exercised 12 months in advance of the expiry to the Term or any Renewal thereof. The renewal rent to be based upon market rent for similar premises and shall not be less than the rent paid by the Tenant during the last year of the Term or any renewal thereof. Form of Lease: Net lease Basic Rental Rate: $32.50 per square foot / annum Additional Rent: Proportionate share plus any additional costs attributed to the laboratory component of the Tenant’s tenancy

PRINCIPAL TERMS AND CONDITIONS. The Centre may terminate the Licence with immediate effect if there is non-payment by the Licensee, if there is any breach of this Licence, if the Licensee becomes insolvent or if the Licensor’s lease of the Centre is terminated. If a Licensee fails to pay all or part of their license fee on the due date, any credit and debit card payments held by the Centre on the Licensee’s behalf may be used by the Centre to settle the outstanding amount. If insufficient funds are available and the Licensee fails to resolve the outstanding amount within 14 days, then the Centre reserves the right to terminate the Licensee’s contract without further notice. The Centre also reserves the right to terminate the Licensee agreement without notice, if the Licensee behaves in an inappropriate or unethical manner. The License fee can be amended by the Centre upon giving three month’s written notice. No refunds or discounts will be made for any days when the Licensee is absent, including bank holidays. Please note that a reduced fee is already included for Mondays and Friday slots when more bank holidays tend to occur. Either party to this contract may terminate the agreement by giving to the other three calendar month’s notice in writing. The standing order must be maintained for the next three monthly payments. On termination of this agreement (however that shall have occurred), all remaining fees payable by the licensee to the Centre under the terms of this agreement will be paid in full, just as those charges would have been paid if the agreement had remained in effect. In signing this agreement, I also agree to abide by the Centre’s ‘conditions of license’ which I have been given alongside this document and any updates that may be given to me from time to time, as well as the ‘guidelines for therapists’. This agreement supersedes any prior agreement for the license specified above between the Centre and the Licensee whether written or verbal, and any such prior arrangements are cancelled with immediate effect, but without prejudice to any rights which have already accrued to either party. Rooms allocated for use by the Licensee are for temporary, non-exclusive use and do not constitute any form of tenancy of such rooms. Signed, for and on behalf of Light Centre Monument Ltd: …………………………………………………….. Date: ……………………… ▇▇▇▇ ▇▇▇▇▇▇▇▇, CEO Signed, for and on behalf of the Licensee: …………………………………………………….. Date: ……………………… The Licence fee is for use of a treatment room and its supplied...

PRINCIPAL TERMS AND CONDITIONS. Great Wall Kaifa shall purchase electronic components from Panda Crystal at market price. The prices for the said products shall be determined fairly, openly and in accordance with market practice;

PRINCIPAL TERMS AND CONDITIONS. We propose that the principal terms of the Merger would include, without limitation, the following: a. Merger Consideration. DDN currently has outstanding 2,314,597 shares of common stock, no par value per share ("DDN Common Stock"), warrants to purchase 1,840,000 shares of DDN Common Stock and options to purchase 675,000 shares of DDN Common Stock. ISN currently has outstanding approximately 5,000,000 shares of common stock, $.001 par value per share ("ISN Common Stock"). ISN and DDN shall enter into an agreement and plan of reorganization (the "Merger Agreement"). The Merger Agreement shall provide that shares of DDN Common Stock shall be issued to the shareholders of ISN in exchange for each share of ISN Common Stock (the aggregate number of shares of DDN Common Stock issued to be referred to as the "Merger Consideration"), such that following the Merger the outstanding common stock of the Surviving Corporation shall be held approximately 24% by the shareholders of DDN and approximately 76% by the shareholders of ISN (on a fully-diluted basis, excluding the DDN warrants).

PRINCIPAL TERMS AND CONDITIONS. MIB’s obligation to investigate claims and determine amount of award

PRINCIPAL TERMS AND CONDITIONS. Performance Period: Three calendar years (i.e., January 1 to December 31) Vesting: Continued employment until the last day of the performance period, except upon termination of employment under certain circumstances as set forth below, and achievement of performance goals Conversion: Performance Share Units to be converted into equivalent number of shares of Company common stock in accordance with their terms • 0% - 150% of shares granted • 0% if performance below threshold • 100% if performance is at target • 150% is maximum for performance 50% above target The following is provided as an example of a way in which Performance Share Units may be designed. It is understood that each year, following consultation with the Executive, the Management Compensation Committee of the Company will determine the performance targets and the design of the Performance Share Units. For performance levels between 50% below target and 50% above target, the number of shares earned will be calculated as a percentage equal to the percentage that actual performance is higher or lower than target. For example, if Target Performance is 12% Annual EPS Growth then: Annual EPS Growth below 6% earns NO (-0- ) shares Annual EPS Growth equal to 6% earns 50% (40,000) of the granted shares Annual EPS Growth equal to 9% earns 75% (60,000) of the granted shares Annual EPS Growth equal to 12% earns 100% (80,000) of the granted shares Annual EPS Growth equal to 15% earns 125% (100,000) of the granted shares Annual EPS Growth equal to 18% or more earns 150% (120,000) of the granted shares

PRINCIPAL TERMS AND CONDITIONS. The principal terms and conditions for the proposed purchase of 5 million common shares of GDI are as follows: ActiveCore shall sign a share subscription agreement to acquire 5 million common shares of GDI for USD 10,000,000, which may be accomplished over the next 180 days subject to certain financing to be arranged. II LOCK UP: It is hereby expressly agreed that GDI and any of its shareholders, managers or advisors will not engage in a process of seeking an alternative investor, whose investment would be in substitution for the investment provided for in this letter, during the period to end May 31, 2004. III ASSUMED CLOSING DATE: November 11, 2003 - Subscription Agreement May 31, 2004 (outside date for Escrow Release of funds) The investment in GDI shall be subject to due diligence by ActiveCore - already completed. The approval of ActiveCore's board of directors The approval of GDI's board of directors Legal documentation satisfactory to both parties' legal counsel Provision of the most recent two years audited financial statements in accordance with US GAAP and SEC accounting pronouncements for SEC purposes (to facilitate SB-2 approval of significant asset acquisition). Note if the SEC does not approve the SB-2 prior to February 14, 2004, the audited statements for the period to the end of December 31, 2003, will be required. GDI will cause an affidavit to be sworn to the effect that no relationship exists between any member of GDI management, including immediate family, and Ingeneus Research and its parent organization. Election of Brian MacDonald as a director o▇ ▇▇▇, ▇▇▇▇ ▇▇▇▇r Hamilton to be an accepte▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇al alternate in case of Brian MacDonald's absence, and ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇hat consultation will bre held between Brian MacDonald and the Chairma▇ ▇▇ ▇▇▇ ▇▇▇▇ ▇▇gard to the appointment of another independent director who may or may not have a seat on the board of directors currently.

PRINCIPAL TERMS AND CONDITIONS. Pursuant to the Property Leasing Framework Agreement, Tong ▇▇▇ ▇▇▇▇ Holdings has agreed to lease and procure other members of the Tong ▇▇▇ ▇▇▇▇ Group to lease certain premises to any members of the Group for the Group's productions and operations, including but not limited to office premises, warehouses and staff quarter.