THIS AGREEMENT is made between Xxxxx X. Xxxxxx ("XXXXXX"), TC Ventures, LLC
("TCV"), and Collectible Concepts Group, Inc. ("CCGR")
NOW, THEREFORE, in consideration of the mutual promises and covenants herein
contained, and in reliance thereof, the parties hereto agree to the following
terms and conditions:
1. TCV assigns to CCGR all rights, interests, liabilities, ownership and
control it has in the existing Internet Site License Agreement (the
"Agreement") with XXXXXX
2. XXXXXX agrees to extend the termination date of the Agreement to
December 31, 2001.
3. XXXXXX authorizes CCGR to use the name and likeness of XXXXXX,
including, but not limited to, "Xxxx X. Xxxxxx", "Xxxx Xxxxxx" and
"Mini-V", as the official spokesman for any and other CCGR, owned
and/or operated, Internet sites relating to "Xxxxxx Xxxxxx" and
authorizes cross-linking of CCGR's "Xxxxxx Xxxxxx" Internet sites.
4. XXXXXX agrees to make reasonable efforts to perform promotional duties
related to the aforementioned CCGR "Xxxxxx Xxxxxx" Internet sites.
These duties include, but are not limited to, Radio and/or Television
commercial appearances supporting the CCGR "Xxxxxx Xxxxxx" Internet
sites and any other personnal appearances and performances which
XXXXXX and CCGR deem relevant. CCGR will pay all reasonable travel,
lodging, transportation and per diem expenses related to promotional
duties and appearances.
5. CCGR affirms all the terms and conditions of the Agreement, and
acknowledges that the selection of merchandise provided, relating to
"Xxxx Xxxxxx" and "Mini-V", is at the sole discretion of XXXXXX.
6. CCGR issued to TCV 400,000 common shares of CCGR to be lettered and
restricted pursuant to SEC Rule 144.
7. CCGR issues to XXXXXX 400,000 common shares of CCGR to be lettered and
restricted pursuant to SEC Rule 144.
8. CCGR pays to XXXXXX, on a monthly basis, two percent (2%) of gross
revenues generated by all CCGR Internet sites, other than the XXXXXX
site, relating to "Xxxxxx Xxxxxx".
Entered into this 16th day of December, 1999, at San Diego, California, by:
Executive Manager Xxx Xxxxxxxx
/s/ Xxxxx X. Xxxxxx /s/ Xxx Xxxxxxxx
------------------------- --------------------------
Xxxxx X. Xxxxxx
/s/ Xxxxxxx X. Xxxxx, Esq.
--------------------------
Xxxxxxx X. Xxxxx, Esq.
Chairman and Member, TC Ventures, LLC ("TCV")
/s/ Xxxx X. Xxxxxxxxx
--------------------------
Xxxx X. Xxxxxxxxx
President, Collectible Concepts Group, Inc. ("CCGR")
