10. The “parties” to this Agreement agree that while the intent is to mutually agree to do business in an honorable and honest manner, there may be times when disputes, if any, can-not be resolved in an amicable manner. Where any such controversy, claim or dispute arises between the “parties” hereto, they shall be settled by the “parties” in accordance with the following procedures which are intended to set a formal arbitration method to deal with such unforeseen disputes that cannot be settled amicably.