Exhibit 4.7
Website Development Agreement
THIS AGREEMENT is effective February 6th, 2004, by and between of MERIDIAN CO.,
LTD. (hereinafter referred to as "Client"), 0X, Xxxxxxxxxx Xxxx., 000-0,
Xxxxxxxxx-xxxx, Xxxxxx-xx Xxxxx, Xxxxxxxx of Korea, and Xx. Xxxxx Xxxxx
(hereinafter referred to as "Service Provider" or "Provider")3240 X. 00xx Xxx.
Xxxxxxxxx, XX, Xxxxxx X0X 0X0
W I T N E S S E T H
1. Construction Defined. Construction is defined as all work done in connection
with planning and building Client's Web site and online database management
system.
2. Maintenance Defined. Maintenance is defined as all work done after Client's
Web site has been constructed. Maintenance is almost certainly done on a Web
site and online database management system that is housed on Service Provider's
server.
3. Services.
3.1 Construction Services. the Provider shall perform all services required by
the Client with regard to the construction of Client's Web site. This may also
require work beyond construction if, for instance, Client requires changes to
the Web site in the future. Future changes to the Web site will be covered under
maintenance services below.
3.2 Maintenance Services. the Provider shall perform all services required by
the Client with regard to the maintenance of Client's Web site until the last
day of December 2004.
4. Term of Agreement.
4.1 In regard to the construction and the maintenance of Client's Web site,
there is no set term, as the services will be provided and paid for until the
services are no longer needed.
5. Payments. Client shall pay to CONSULTANT $16,000 US or 100,000 of the
Client's common shares ($0.16 US per share)
6. Termination of Agreement. This Agreement shall be terminated at the last day
of December 2004.
7. Limitation of Warranties. Client expressly agrees that use of this service,
which includes the contents thereof or use of information, is at the Client's
sole risk. Service Provider makes no warranties that the services will be
uninterrupted or error free; nor does the Service Provider make any warranty as
to the results to be obtained from the use of this service. This service is
provided on an "as is" basis without warranties of any kind, either express or
implied. Neither Service Provider nor any of its employees or agents involved in
delivering access to the service shall be liable for any direct, indirect,
incidental, special or consequential damages arising out of use of this service
or inability to use this service.
8. Indemnification. Client agrees to indemnify the Service Provider against
liability for any and all use of this service.
9. Miscellaneous.
9.1 Severability. In the event that any part of this Agreement is held to be
invalid or unenforceable by court order or other governmental action, the
remainder of the Agreement shall remain in full force and effect.
9.2 Entire Agreement. This Agreement contains the complete agreement of the
parties and supersedes all prior discussions, communications and agreements
between the parties with respect to the subject matter hereof and cannot be
amended except in writing signed by both parties. If a conflict arises between
the terms of any appendix or attachment subsequently added to the Agreement,
this Agreement shall govern.
IN WITNESS WHEREOF, we the undersigned have executed this Agreement on the dates
indicated below.
Meridian Co., Ltd.
/S/Xxxxx Xxxxx Myeong FEBRUARY 6TH 2004
By: ______________________________________________ _________________
Xxxxx Xxxxx Xxxxxx, CEO/President Date
Xxxxx Xxxxx
/S/XXXXX XXXXX FEBRUARY 6TH 2004
By: ______________________________________________ _________________
XXXXX XXXXX Date
