AGREEMENT
This agreement ("Agreement") made and entered into as of this 30th day of
May, 1999, by and between World Cyberlinks Corp. ("WCYB") on the one hand, and
Xxxxxxx Xxxxxxx (Xxxxxxx) on the other hand.
WHEREAS, Xxxxxxx has financially supported the startup activities and
business (the "Business") of WCYB; and
WHEREAS, Xxxxxxx desires to continue to support the Business and now accept
the position of Secretary and Treasurer ("Services") to WCYB; and
WHEREAS, WCYB desires Xxxxxxx to provide those Services; and
WHEREAS, WCYB and Xxxxxxx desire to have this Agreement control the rights,
liabilities, obligations and benefits of each party to the other.
NOW, THEREFORE, in consideration of the mutual promises contained herein,
the payment of Ten and NO/OO ($10.00) Dollars, the receipt of which is
acknowledged by the execution of this Agreement, and for other good and valuable
consideration, it is agreed as follows:
1. Xxxxxxx shall perform as Vice President of the Company. In the event
WCYB accepts contracts from or contracts with any source introduced by Xxxxxxx,
then Xxxxxxx shall be entitled to a 5% fee, comprised of 5% cash.
2. Xxxxxxx shall also provide sales and marketing services consulting and
distribution Services by seeking markets for the sale of WCYB products.
3. WCYB shall issue to Xxxxxxx 750,000 shares of Stock for the Services
provided by Xxxxxxx to WCYB.
4. Xxxxxxx will provide these services for a period of 4 four years ending
December 1, 2003.
5. This Agreement may be amended to limit, expand or define the Services
herein before setforth, but only in writing, signed by the parties hereto.
6. This Agreement contains the entire understanding of the parties, and
merges all prior understandings, both oral and written.
7. This Agreement shall be construed by the laws of the State of New York,
and in the event of any dispute, any legal action may only be commenced in the
courts located in the State of New York
WORLD CYBERLINKS CORP.
BY: /s/ Xxxx X. Xxxxxxx
-----------------------
Xxxx X. Xxxxxxx
President
Xxxxxxx Xxxxxxx
BY: /s/ Xxxxxxx Xxxxxxx
