Exhibit 10.3
FINDERS' FEE AND MARKETING AGREEMENT
This Finder's Fee and Marketing Agreement is made as of the 2nd day of August,
2001.
BETWEEN : MAGNUM INDUSTRIES INC., with its address at Suite 000 - 000 Xxxx
Xxxxxxxx, Xxxxxxxxx, X.X. Xxxxxx X0X 0X0.
( hereinafter called the " Company " ) OF THE FIRST PART
AND: EN MARINE INTERNATIONAL GROUP INC., with its address at 19J,
000 Xxxxxx Xxxxxx, International Shipping & Xxxxxxx Xxxxxxxx,
Xxxxxxxx 000000, Xxxxx.
( hereinafter called the " EN MARINE ") OF THE SECOND PART
WHEREAS :
A. The Company will enter into a Share Exchange Agreement with a Chinese
company ( Changzhou Broadway Business Development Co. Ltd ) introduced
through the efforts of EN MARINE, whereby the Company will assume all the
assets of the Chinese company, and in exchange the Company will allot and
issue its common to the shareholders of the Chinese company.
B. EN MARINE will endeavor to source private placement funding for the Company
on an ongoing basis.
C. EN MARINE will be instrumental in arranging the transfer of the above
assets of the Chinese company, as well as assist in arranging private
placement funding for the Company. As consideration thereof, the Company
desires to pay to EN MARINE by allotting and issuing 1,625,000 common
shares.
NOW THEREFORE THIS AGREMENT WITNESSES that in consideration of the premises and
mutual covenants and agreements herein contained the parties hereto agree as
follows :
1. The Company will allot and issue common shares with a par value of $0.001
to the following personnel of EN MARINE. Such allotted shares ill be issued
at a later date.
No. of Shares Recipient Name Recipient Address
620,000 En Marine #436-5525 W. Boulevard
International Group Inc Xxxxxxxxx, XX X0X 0X0
Quartz International #000-000 X. Xxxxxxxx, Xxxxxxxxx, XX
375,000 Group Inc. X0X 0X0
5,000 Xxxxxxx Xxxxxx Xxxx 000, Xx. 0 Xxxxxxxx, Xxxx 000,
Xxxx Baoxing Road, 200081, Shanghai,
China.
625,000 Yuh Xxxx Xxx Suite 777 - 000 Xxxx Xxxxxxxx Xxxxxxxxx
X.X. Xxxxxx X0X 0X0
---------------
1,625,000 Total
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2. EN MARINE shall be paid a finder's fee of 10% of the total funds raised
from such Private Placements that are acceptable to the Company. Such fees
are paid as consideration of the Finder for its participation in arranging
the Private Placements.
3. The fee shall be paid to the Finder within five (5) business days of
receipt of the funds from such Private Placements.
4. Any notice to be given under this agreement shall be in writing and shall
be delivered personally or mailed by registered post, postage prepaid, and
addressed to the parties at their addresses as given on the first page of
this agreement or at such address as may from time to time be notified in
writing by any of the parties. Any such notice shall be deemed to have been
given if delivered by hand on the day delivered, and if mailed, five (5)
business days following the date of posting, provided that if there shall
be at the time of mailing or between the time of mailing and the fifth
business day following the date of posting, a mail strike, slowdown or
other labour dispute which might affect delivery of such notice by mail,
then such notice shall be effective only if actually delivered.
5. This agreement may not be amended or otherwise modified except by an
instrument in writing signed by both parties.
6. The parties hereto shall execute such further and other documents and
instruments and do such further and other things as may be necessary to
implement and carry out the intent of this agreement.
7. This agreement will be construed under and governed by the laws of the
State of Nevada.
8. This agreement represents the entire agreement between the parties and
supersedes any and all prior agreements and understandings, whether written
or oral, between the parties.
9. The agreement shall be binding upon and shall ensure to the benefit of the
parties hereto and their respective heirs, executors, administrators,
successors and permitted assigns.
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IN WITNESS WHEREOF the parties hereto have duly executed this agreement as of
the day, month and year first above written.
MAGNUM INDUSTRIES INC.
/s/ Xxxxx Xxxxx
____________________________
Authorized Signatory
EN MARINE INTERNATIONAL GROUP INC.
/s/ Xxxx Xxxxx
____________________________
Authorized Signatory
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