BRIDGE
TECHNOLOGY, INC.
AGREEMENT
This agreement supersedes the letter of intent of April 21, 1999 between
Bridge Technology, Inc. ("BTGY") and Global Pacific Wireless Internet, a
Division of Worldwide Wireless Networks, Inc. ("GP").
1. BTGY is a diversified research, manufacturing, computer systems
enhancement products company interested in developing a wireless internet
access communications system for the Asian market through a subsidiary,
Pacific Bridge Net ("PBN").
2. GP is designing, installing and operation wireless internet access
communications systems throughout the U.S.A., initially in Orange County,
California.
3. The capitalization of PBN initially is to be $250,000 of which GP is to
invest $50,000 for 20% and BTGY is to invest $200,000 for 80%.
4. Concurrent with funding PBN is to acquire the know-how, current and
developing for a wireless internet ATM ethernet bridge or router with voice
and video capability which complies with U.S. patent and FCC regulations for a
cash price of $50,000.
5. The know-how acquired by PBN includes specifications and parameters for
certain radio equipment and software to be developed, patented, licensed and
manufactured by PBN, in conjunction with others.
6. GP will have the exclusive sales rights for the radio equipment for the
U.S. market.
7. PBN agrees to have the radio equipment manufactured in Asia, probably
China, and to sell the radio equipment for the U.S. market on an exclusive
basis to GP at cost plus 10% handling fee.
8. In addition to purchasing the know-how for GP, GP agrees to offer and PBN
agrees to use the consulting services of both Xxxx Xxxxxxxxx and Xxxxxx Xxxx
to PBN and they are to be reimbursed by PBN for these expenses.
May 20, 1999
Bridge Technology, Inc.
/s/ Xxxxx D'jen
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Xxxxx D'xxx
President
May 20, 1999
Global Pacific
Division of Worldwide Wireless Networks, Inc.
/s/ Xxxx Xxxxxxxxx
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Xxxx Xxxxxxxxx
00000 Xxxxxxx Xxxxxx, Xxxxxx Xxxxx, XX 00000, Tel (000) 000-0000, Fax (714)
000-0000, xxx.xxxxxxxx.xxx
