BMA VENTURES, INC. AGREEMENT
THIS AGREEMENT made this 1st day of October 2003, by and between:
BMA Ventures, Inc.
00000 Xxxxxxx Xx., Xxxxx #0-000 Xxxxxx, XX 00000
(Hereinafter referred to as "BMA"), and GK Intelligent Systems, Inc.
(Hereinafter referred to at "GKIG")
Collectively BMA and GKIG hereinafter referred to as "the Parties".
A. Engagement:
1. GKIG hereby appoints and engages BMA to disseminate data on GKIG
through fax broadcasting upon the terms and conditions of this Data
Dissemination Agreement. BMA accepts such engagement and agrees to
perform the services upon the terms and conditions of said Data
Dissemination Agreement.
B. The Parties agree that the duties of BMA are as follows:
1. Authority and Description of Services. During the term of this Data
Dissemination Agreement, BMA shall disseminate data through fax
broadcasting as specifically requested by GKIG.
a. BMA shall disseminate data on GKIG through fax broadcasting as
specifically requested by GKIG for the duration of the terms of
said Data Dissemination Agreement.
b. BMA shall assemble data on GKIG through information provided by
GKIG, GKIG's CEO, officers, directors, investor relations,
websites, press releases, SEC filings, etc.
2. Term of Data Dissemination Agreement. This agreement shall become
effective on 10/7/03 and shall continue thereafter and remain in
effect of a period of three weeks and must be renewed in writing by
both GKIG and BMA if desired. It is expressly acknowledged and agreed
by and between the Parties hereto that BMA shall not be obligated to
provide any services and/or perform any work related to this Data
Dissemination Agreement until such time any agreed and/or specified
retainer (deposit, initial fee, down-payment) in U_S. funds, and/or
other specified and/or agreed valuable consideration, has been
received by BMA.
1
C. The Parties agree that the duties of GKIG are as follows:
1. GKIG (through its CEO, officers, directors, investor relations,
websites, press releases, SEC filings, etc.) shall assist BMA, on a
regular and timely basis with all data on the company, its management,
its products, its operations, with all data and information supplied
to any analyst, broker-dealer, market maker, or other member of the
financial community; and with all productiservices brochures, sales
materials, etc.
2. In that BMA relies on information provided by GKIG to assemble data,
GKIG must represent (through CEO, officer or director of GKIG signing
final approved data to be disseminated) that the information is
neither false nor misleading, and agrees to hold BMA harmless and
indemnify BMA for any information supplied to BMA by GKIG that was not
truthful; and GKIG agrees to hold AMA harmless and indemnify BMA for
any claims (including any and all attorney's fees) relating to the
dissemination of assembled data, unless BMA is found by a Court of law
to have been negligent and/or willfully disseminated false or
misleading information about GKIG, or any information that GKIG or any
regulatory body would deem as confidential or "inside"
D. Payment. 250,000 shares of GKIG (@ 0.06 per fax) shall be paid to BMA in
consideration for data dissemination.
GKIG
Date: 11/11/03 Printed Name: Xxxx X. Xxxxxxx
Title: CEO Signatur: /S/ Xxxx X. Xxxxxxx
For and in behalf of:
BMA Ventures, Inc.
Xxxxxxx Xxxxxx, President
Signature: /S/ Xxxxxxx Xxxxxx
2
