Exhibit 10.6
AGREEMENT
IT IS HEREBY AGREED, THAT GINSITE MATERIALS, INC. WILL PAY THE SUM OF 20%
COMMISSION ON ALL SALES GENERATED FROM THE INTERNET FOR THE PERIOD OF ONE YEAR
FROM THE DATE OF THE FIRST SALE, AND A 10% COMMISSION STARTING THE DAY AFTER THE
FIRST YEAR EXPIRATION AND CONTINUING FOR ONE YEAR. THE SUM OF THE MONTHLY
COMMISSION DUE SHALL BE CALCULATED AT THE END OF THE CALENDAR MONTH AND PAID NO
LATER THAN THE 7TH OF THE FOLLOWING MONTH. THE SUM OF THE COMMISSION PAYABLE
SHALL BE SPLIT IN EQUAL PAYMENTS AND PAID TO XXXXX X. XXXX, ###-##-####, AT 0000
XXXXXXXXX XXXXX, XX. XXXXXXXXXX, XX 00000; AND COMPUSOURCE. THE COMMISSION
PAYABLE SHALL BE CONSIDERED PAYMENT IN FULL FOR ALL DEVELOPMENT COST ASSOCIATED
WITH THE INTRANET, INCLUDING THE PROGRAMMING AND MARKETING EFFORTS. AT THE END
OF THE COMMISSION PERIOD, GINSITE MATERIALS, INC. SHALL OWN FULL AND CLEAR, ANY
ASSET VALUE OF SAID INTERNET, INCLUDING ANY ENHANCEMENTS DURING THE COMMISSION
PERIOD. IN THE EVENT OF CHANGE IN OWNERSHIP OF GINSITE MATERIALS INC., THIS
CONTRACT SHALL BE ENFORCED UNDER FLORIDA LAW IN THE EVENT OF ANY DISPUTES. THE
TERMS OF THE CONTRACT SHALL BE ASSIGNED TO THE NEW OWNER IN THE EVENT OF SALE,
OR MAY BE BOUGHT OUT UNDER TERNS ACCEPTABLE TO BOTH PARTIES.
WE FURTHER AGREE, THAT GINSITE MATERIALS INC. SHALL PAY THE SUM OF 10% ON THE
NON-INTERNET SALES THAT ARE THE DIRECT RESULT OF XXXXX X. XXXX, (including sales
from internet communications not booked on the Internet, direct mail, email,
phone, accounts brought directly to the company, previous contacts that did not
purchase but do so now from his contact). THESE SALES CONSTITUTE BOTH INDIVIDUAL
ORDERS AND REPEAT CORPORATE CUSTOMERS. THIS COMMISSION SHALL BE PAID UNDER THE
SAME PAYMENT TERMS AS ABOVE, EXCEPT ALL COMMISSION PAYABLE WILL BE PAID TO XXXXX
X. XXXX. THE TERM OF REPEAT CUSTOMERS SHALL RUN FOR NOT MORE THAN TWO (2) YEARS
FROM THE DATE OF THE FIRST SALE. AT THE END OF THE COMMISSION PERIOD (2 YEARS)
GINSITE WILL HAVE THE RIGHT TO CONVERT THESE ACCOUNTS TO THE STATUS OF A HOUSE
ACCOUNT AND NOT FURTHER COMMISSION SHALL BE PAYABLE OR DUE XXXXX X. XXXX.
IF DURING THE EFFORTS OF DEVELOPING MARKETS AND MARKET SHARE FOR GINSITE OR
REPRESENTING GINSITE ANY CAPACITY, THESE EFFORTS OF XXXXX X. XXXX SHOULD PRODUCE
A BUYER FOR THE COMPANY OR PRODUCT LINE, HE SHALL BE COMPENSATED AT A RATE OF 5%
OF THE PURCHASE PRICE. THE PAYMENT SHALL BECOME DUE AND PAYABLE AT THE TIME SUCH
SALE IS CONSIDERED COMPLETE OR TRANSFER OF OWNERSHIP OCCURS.
IN CONSIDERATION OF THIS AGREEMENT XXXXX X. XXXX SHALL SIGN A CONFIDENTIALITY
AGREEMENT AND FURTHER AGREE TO PROTECT THE INTEREST
OF GINSITE MATERIALS, INC. AT ALL TIMES. XXXXX X XXXX SHALL KEEP GINSITE
INFORMED OF HIS EFFORTS AND GIVE ADVANCE NOTICE WHEN HIS EFFORTS COULD PRODUCE
MAJOR IMPACT ON THE COMPANY. TRAVELING TO DEVELOP AND SERVE THE BEST INTEREST OF
GINSITE MATERIALS, INC. SHALL BE COMMUNICATED AND APPROVED IF THAT TRAVEL IS
EXPECTED TO BE REIMBURSED.
/s/ X. Xxxxxxxx, Pres. /s/ Xxxxx X. Xxxx
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GINSITE XXXXX X. XXXX
4/15/99
