SOFTWARE LICENSE AGREEMENT Agreement No.
AN AGREEMENT made the 16th day of November, 2000 between
TCS (CANADA) LIMITED, a Company incorporated under the laws of Ontario, with registered offices located
at 700 Dorval Drive, Suite 202, Oakville, Ontario, Canada, L6K 3V3, (hereinafter referred to as the "Licensor")
SECURITY BANCORP INC., a Company incorporated under the laws of Alberta with registered offices at
Bldg. F, Unit 3 - 5508 1st Street S.E., Calgary, Alberta, Canada, T2H 2W9, (hereinafter referred to as the
(a) the Licensor developed and markets certain TCS Point of Sale Terminal Application products, each of which
contains programs and documentation; and
(b) the Licensee desires to acquire one or more licenses to use these products. The TCS Point of Sale Terminal
Applications licensed under this agreement are specifically named in Schedule A.
NOW THEREFORE for good and valuable consideration, the receipt of which by each is hereby
acknowledged, Licensor and Licensee agree as follows:
The following expressions shall, where the context so permits, have the meanings hereby respectively assigned to
1.1 "Acceptance" is as defined in section 2.2.
1.2 "Agreement" means this Agreement concluded between the Licensee and
the Licensor named therein incorporating these Conditions and
(a) any alteration of the said Agreement which may be agreed in
writing between the Licensee and the Licensor, and
(b) all specifications or other documents which are prepared
pursuant to the said Agreement which may be agreed in writing
between the Licensee and the Licensor.
1.3 "Delivery" is completed when the Licensee initially receives
shipment of the System or if the Licensee has assigned the task of
installation to the Licensor, which said service is