AGREEMENT FOR USE OF INTERACTIVE FRONTIERS, INC. TECHNOLOGY
AND INTERNET GOLF ACADEMY
THIS AGREEMENT IS MADE AS OF THE 28TH day of July 2000, between Data
Systems Network Corporation, a Michigan Corporation, doing business at 00000
Xxxx Xxxxxx Xxxx Xxxx, Xxxxx 000, Xxxxxxxxxx Xxxxx, Xxxxxxxx 00000 (DSNC) and
Interactive Frontiers, Inc., a Michigan Corporation, doing business at 00000
Xxxx Xxx Xxxx Xxxx, Xxxxx 000, Xxxxxxx, Xxxxxxxx 00000 (IF).
Whereby IF is allowing DSNC to use IF's technology and to participate
in the Internet Golf Academy. DSNC will be entitled to use IF's technology in
all of their promotional events. IF will place its software on DSNC's site,
which will allow DSNC's customers to view their golf lesson and associated golf
swings on an unlimited basis. DSNC will be allowed to place the DSNC Company
logo on IF's Internet site with a link to DSNC's site.
The effective date of this agreement will be August 1, 2000. The
duration will be for six (6) months, with a renewal of six (6) months upon the
election of DSNC (or its successors).
The fee to be paid to IF for the six-month period beginning August 1,
2000 is $126,000. DSNC will also be responsible for any related expenses, such
as, shipment of the equipment, cost of golf professional to analyze golf swings,
booth space for the equipment and any other expenses related to having the
equipment available at a promotional event.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first written above.
Interactive Frontiers, Inc. Data Systems Network Corporation
By:_____________________ By:____________________________
Name: Xxxxxxx X. Xxxxxxx Name: Xxxxxxx Xxxxxx
Title: Non-Executive Chairman Title: Chief Financial Officer
of the Board
