Exhibit 10.13
XXXXXXXX ACQUISITIONS INC.
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January 10, 2001
MUSCUM HOLDING LTD.
Xxxxxxxx Xxxxx, Xxxxxx Xxxx
X.X. Xxx 000, Xxxxxxxxxx
Dear Sir;
Re: MEMORANDUM OF UNDERSTANDING
This M.O.U. is entered between Xxxxxxxx Acquisitions Inc. (a company registered
in Delaware U.S.A. hereinafter: "BAI") and Muscum Holding (a company registered
in Panama hereinafter: "Muscum")
WHEREAS BAI wish to engage in the business of Hotel Outsourcing Services and;
Whereas Muscum has the contacts and the capabilities to assist BAI in an M&A
with Bartech Mediterranean Ltd.
(hereinafter: "Bartech");
1. Muscum undertakes:
1.1 To promote and consult BAI regarding the merger with Bartech.
1.2 To help to raise financing in the amount that will be required for
such event.
1.3 To help BAI to promote the Hotel Outsourcing Services, following on
the success in the U.S.A., in Europe, Asia and Australia through
introduction to major hotel chains, negotiate deals on BAI's behalf,
marketing, selling and financing.
2. In consideration to Muscum's undertakings BAI undertakes to issue 3,000,000
BAI shares to Muscum or to any entity according to Muscum's instructions at
par value of $0.001 per each share.
3. It is hereby agreed that a binding detailed agreement between BAI and
Muscum will be signed not late than December 21, 2001.
XXXXXXXX ACQUISITIONS INC.
MUSCUM HOLDING LTD.
BY: /S/ XXXXXX XXXXXXXX BY: /S/ X. XXXXX
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European Rep.
