EUROPEAN MARKETING CONSULTING AGREEMENT
Exhibit 4.3
EUROPEAN MARKETING CONSULTING AGREEMENT
This Marketing Agreement (“Agreement”) is dated for reference this 1st day of April 2005
| BETWEEN: | MS. HONG IN YOO of X-000 Xxxxx xxxxx 00-000, Xxxxxxxx-xxxx, Xxxxxxxx-xx, Xxxxx, Xxxxx (“Consultant”) |
| AND: | MERIDIAN CO., LTD., of 0X, Xxxxxxxxxx Xxxx., 000-0, Xxxxxxxxx-xxxx, Xxxxxx-xx Xxxxx, Xxxxxxxx of Korea (“MERIDIAN”) |
BACKGROUND FACTS:
| A. | CONSULTANT has extensive experience in marketing and research in European territory. | |
| B. | MERIDIAN considers it to be in its best interest to engage CONSULTANT to receive marketing consulting services for its products in Europe on the terms and subject to the conditions hereinafter set forth. | |
In consideration of the covenants and Agreements herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties hereby agree as follows:
A. SERVICES
CONSULTANT shall be responsible for investigating potential marketing venues and methods appropriate for Europe and shall research competitor products for the purpose of establishing a competitive pricing structure and marketing methods.
CONSULTANT also shall be responsible for conducting market research in European territory and preparing a marketing plan for MERIDIAN.
CONSULTANT during his research shall communicate with representatives from the Company from time to time during the market development process and shall assist the Company for as the agents of EU member countries and other European nations for the Company for all business the Company conducts within the European territory.
B. CONSIDERATION
| 2.1 | In consideration for the Services, MERIDIAN shall
pay CONSULTANT the minimum monthly retainer of $14,000 US or number
of the MERIDIAN’s common shares equivalent to the value of $14,000
US ($0.20 US per share) invoiced in advance each month. |
C. EXPENSES AND COSTS
| 3.1 | Company shall pay all costs and expenses incurred
by CONSULTANT, its directors, officers, employees, and agents, in carrying
out its duties and obligations pursuant to the provisions of this Agreement,
excluding CONSULTANT's general and administrative expenses and costs,
but including and not limited to the following costs and expenses: |
| a. | Travel expenses, including, but not limited to transportation, lodging and food expenses, when such travel is conducted on behalf of the Company. (If requested) |
| b. | Seminars, expositions, marketing campaign. |
| c. | Printing and publication costs of brochures and marketing materials. |
| d. | Postage on all packages mailed. |
| 3.2 | All expenses and costs shall be paid by cash or number of the MERIDIAN’s common shares equivalent to the total amount. |
D. TERM
CONSULTANT will prepare a business plan and present the first draft version to MARIDIAN within two months from the date first written above.
E. CONFIDENTIALITY
| 5.1 | All reports, documents, concepts and products together
with any business contracts or any business opportunities prepared, produced,
developed or acquired by CONSULTANT, directly or indirectly, in connection
with CONSULTANT performing the Services (collectively, the “Work
Product”) will belong exclusively to MERIDIAN which will be entitled
to all rights, interest, profits or benefits in respect thereof. |
| 5.2 | No copies, summaries or other reproductions of any
Work Product shall be made by CONSULTANT without the express permission
of MERIDIAN, provided that CONSULTANT is given permission to maintain
one copy of the Work Product for its own use. |
| 5.3 | CONSULTANT will not disclose any information, documents
or Work Product which is developed by CONSULTANT or to which CONSULTANT
may have access by virtue of its performance of the Services to any person
not expressly authorized by MERIDIAN for that purpose. CONSULTANT will
comply with such directions as MERIDIAN may make to ensure the safeguarding
or confidentiality of all such information, documents and Work Product.
|
| 5.4 | CONSULTANT may not disseminate nor distribute to
the media, members of the public, shareholders of MERIDIAN, prospective
investors, members of the investment or brokerage community, securities
regulators or any other third party any of the Work Product or any other
written or printed information about MERIDIAN or its business, without
MERIDIAN first reviewing and approving the Work Product or other information
prior to dissemination or distribution. |
F. LAW
| 6.1 | This agreement shall be governed by and construed in accordance with the laws of the Republic of Korea and the parties hereby irrevocably attorn to the courts of such country. |
IN WITNESS THEREOF, the parties above have caused this Agreement to be duly executed, as of the day and year set out below.
| _______________________________ | ____________ |
| HONG INN YOO | Date |
| MERIDIAN CO., LTD., | |
| By: ____________________________ | ____________ |
| Xxxxx Xxxxx Xxxxxx, CEO/President | Date |
