EX-10 3 commercializationagreement.htm COMMERCIALIZATION AGREEMENT

COMMERCIALIZATION AGREEMENT


                                     Between


                              UNITECH ENERGY CORP.

                                   ("UNITECH")


                          Suite 1250, 520-5th. Ave. SW

                            Calgary, Alberta, T2P 3R7


                                       and


                                 LOGSEARCH INC.

                                  ("LOGSEARCH")

                          Suite 1250, 520-5th. Ave. SW

                            Calgary, Alberta, T2P 3R7


             (hereinafter collectively referred to as the "Parties")


     Whereas the Parties are desirous of entering into a business arrangement

for the purpose of commercializing certain Unitech software within the United

States of America, the Parties hereby agree as follows:


5.       Unitech hereby provides exclusive marketing and commercialization

         rights, to the Unitech database management system and analysis

 software, known as LeadScan, to LogSearch, within the geographic area of the United States of America.


6.       Unitech will provide software updates and support functions for

         LeadScan, on a "most-favored" nation basis.


7.       LogSearch will issue 17,000,000 shares of LogSearch common stock   to Unitech, said 17,000,000 shares representing the total issued and outstanding shares of LogSearch at the time of issue. Of the 17,000,000 shares, 7,000,000 are consideration for the exclusive licensing rights and 10,000,000 are issued as consideration for US$20,000 ($0.002 per share).


8.       LogSearch will be responsible for all expenses related to the

         implementation and operation pursuant to this License.



Signed and agreed to in Calgary, this 15th day of March , 2004.



Unitech Energy Corp.

per: /s/James Durward




LogSearch Inc.

per: /s/Darryl Cozac