1
HEADS OF AGREEMENT
18TH MARCH 1999
This agreement is between Global Cyber Xxxxxx.xxx Inc, 0000 X.Xxxxxxxx
Xxxx Xxxx, Xxxxx 000, Xxxx Xxxxx, Xxxxxxx 00000, XXX
and
TSS&P Ltd, Xxxxxxxxxx Xxxxxxx Xxxxxx, Xxxxx Xxxx, Xxxxxxxxxx, XX0 0XX,
XX.
TSS&P Ltd is to grant Global Cyber Xxxxxx.xxx Inc the distribution
rights to the Ferrari merchandising for the North American retail
market (USA and Canada) and the Internet, with exception of distri-
bution to Ferrari car dealerships.
All retail distribution for Ferrari products will be subject to prior
approval by TSS&P/Ferrari under the terms of their license agreement.
TSS&P Ltd will sell the merchandise to Global Cyber Xxxxxx.xxx Inc at
the wholesale price less 35%.
TSS&P Ltd agree to supply Global Cyber Xxxxxx.xxx Inc, custom apparel
on a cost +20% basis.
On completion of this agreement Global Cyber Xxxxxx.xxx Inc is to
supply 75,000 shares of Global Cyber Xxxxxx.xxx Inc. stock (144) at a
cost of US$0.076 to TSS&P Ltd.
Signed: /s/ XXXXXX ORONTI Date: 29/3/99
----------------------------------- -------------------
Xx Xxxxxx Oronti
Chairman of Global Cyber Xxxxxx.xxx
Signed: /s/ XXXXXXX XXXXXXX XXXXXXXX Date: 29/3/99
----------------------------------- -------------------
Mr Xxxxxxx Xxxxxxx Xxxxxxxx
TSS&P
2
HEADS OF AGREEMENT
18 TH MARCH 1999
This agreement is between Global Cyber Xxxxxx.xxx Inc, 0000 X.Xxxxxxxx Xxxx
Xxxx. Xxxxx 000, Xxxx Xxxxx, Xxxxxxx 00000, XXX
and
TSS&P Ltd, Xxxxxxxxxx Xxxxxxx Xxxxxx, Xxxxx Xxxx, Xxxxxxxxxx, XX0 0XX, XX.
TSS&P Ltd is to grant Global Cyber Xxxxxx.xxx Inc the distribution rights to the
following Licensed Formula 1 apparel for the North American retail market (USA)
and the Internet:
- Benetton
- Xxxxxxx Xxxxxxxxxx
- Xxxx Xxxxxxxxxx
- Xxxxx Xxxx
- Xxxxxxxxx Xxxxxxxxxx
- Xxxxx Xxxxxx
- Xxxxxx Xxxxxxx
TSS&P Ltd will sell the merchandise to Global Cyber Xxxxxx.xxx Inc at the
wholesale price less 35%.
On completion of this agreement Global Cyber Xxxxxx.xxx Inc is to supply 20,000
shares of Global Cyber Xxxxxx.xxx Inc. stock (144) at a cost of US$0.076 to
TSS&P Ltd.
Signed: /s/ XXXXXX ORONTI Date: 29/3/99
------------------------------ ------------------------
Xx Xxxxxx Oronti
Chairman of Global Cyber Xxxxxx.xxx
Signed: /s/ XXXXXXX XXXXXXX XXXXXXXX Date: 29/3/99
------------------------------ ------------------------
Mr Xxxxxxx Xxxxxxx Xxxxxxxx
TSS&P
