COLLECTION AGREEMENT
-between-
DAPEY ASSAF-DAPEY ZAHAV
and
DAPEY ASSAF-HAMADRIKH LEASSAKIM ISRAELIM BE NEW YORK
THIS AGREEMENT made this __ day of ________, 199_, by and between DAPEY
ASSAF-DAPEY ZAHAV (hereinafter "DZ"), a New York corporation, and DAPEY
ASSAF-HAMADRIKH LEASSAKIM ISRAELIM BE NEW YORK (hereinafter "DA"), also a New
York corporation.
W I T N E S S E T H :
WHEREAS, DZ desires and needs an entity to collect advertising fees
from customers; and
WHEREAS, DA desires to represent DZ in the collection of advertising
revenues from customers;
NOW, THEREFORE, in consideration of the foregoing premise and the
mutual covenants and agreements herein contained, the parties hereto agree as
follows:
1. Representational Duties and Terms: DA agrees to collect advertising
revenues for DZ from DZ customers.
Commission and marketing expenses incurred by DA during the pendency of
this agreement shall be paid by DZ.
By virtue of this Agreement, withdrawals by executives and shareholders
of DA from funds collected shall be endorsed to DZ.
This Agreement shall begin on ______________ and shall continue until
October 31, 199_.
2. Compensation: During the term of this Agreement, DA shall be paid
the sum of ________ by DZ.
IN WITNESS WHEREOF, the parties have signed this Agreement on the day
and year first above written.
DAPEY ASSAF-DAPEY ZAHAV
By: /s/ ASSAF RAN
---------------------------
President
DAPEY ASSAF-HAMADRIKH
LEASSAKIM ISRAELIM BE NEW YORK
By: /s/ ASSAF RAN
---------------------------
President
