AGREEMENT
This agreement ("Agreement") made and entered into as of this 1st day of
November, 2000, by and between World Cyberlinks Corp. ("WCYB") on the one hand,
and Xxxxx Xxxxxxx (Xxxxxxx), on the other hand.
WHEREAS, Xxxxxxx has financially supported the startup activities and business
(the "Business") of WCYB; and
WHEREAS, Xxxxxxx desires to continue to support the Business and now provide
certain services ("Services") to WCYB; and
WHEREAS, WCYB desires Xxxxxxx to provide those Services; and
WHEREAS, WCYB and Xxxxxxx desire to have this Agreement control the rights,
liabilities, obligations and benefits of each party to the other.
NOW, THEREFORE, in consideration of the mutual promises contained herein, the
payment of Ten and NO/00 ($10.00) Dollars, the receipt of which is acknowledged
by the execution of this Agreement, and for other good and valuable
consideration, it is agreed as follows:
1. Xxxxxxx shall perform and hold the positions of Secretary and Treasurer to
the Company.
2. In the event WCYB accepts contracts from or contracts with any source
introduced by Xxxxxxx, then Xxxxxxx shall be entitled to a 5% fee, comprised
of 5% cash.
3. Xxxxxxx shall perform for a period of (2) years ending December 1, 2002
4. WCYB shall issue to Xxxxxxx 250,000 shares of Restricted Stock for the
Services provided by Xxxxxxx to WCYB over the term of the agreement together
with any other compensation approved by the Board of Directors.
5. This Agreement may be amended to limit, expand or define the Services herein
before set forth, but only in writing, signed by the parties hereto.
6. This Agreement contains the entire understanding of the parties, and merges
all prior understandings, both oral and written.
7. This Agreement shall be construed by the laws of the State of New York, and
in the event of any dispute, any legal action may only be commenced in the
courts located in the State of New York.
WORLD CYBERLINKS CORP.
BY: /s/ Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx
BY: /s/ Xxxxxxx Xxxxx
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Xxxxxxx Xxxxx
