SALES REPRESENTATION AGREEMENT
THIS SALES REPRESENTATION AGREEMENT (“Agreement”) is made on this 1st day of September, 2003 by and
between Mirenco, Inc., a corporation formed under the laws of Iowa with its principal place of business at 206 May Street,
Radcliffe, Iowa 50230 (“Mirenco”), and THE NEVISON GROUP, INC. , a corporation formed under the laws of New York with
its principal place of business at 1104 Saddleback Way, Bel Air, Maryland 21014 (“Representative”).
This Agreement witnesses that for good and valuable consideration the parties agree as follows.
1. Appointment : Mirenco hereby appoints Representative as Mirenco’s exclusive sales Representative to offer, market and
promote the sale of Mirenco’s products which are specifically described in Schedule A as attached hereto (the “Products”) in
the territory specifically described in Schedule B as attached hereto (the “Territory”) to public transit authorities and bus
manufacturers (the “Customer”) subject to the terms of this Agreement.
2. Duties of Representative :
(a) Representative shall maintain a sales office in the Territory and devote such time as may be reasonably necessary to
sell and promote Mirenco’s Products within the Territory.
(b) Representative will:
(i) conduct all of its business in its own name and in such manner it may see fit,
(ii) subject to Paragraph 7 below, pay all expenses whatsoever of its office and activities,
(iii) be responsible for the acts and expenses of its employees,
(iv) materially comply with all applicable governmental laws, rules, regulations, ordinances and orders while marketing
(v) forward to Mirenco all Orders for Products and all payments for any Product,
(vi) which may have been made to Representative, provided that Representative shall inform all Customers that all
payments for Products are to be made to the order of and forwarded directly to Mirenco,
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