Memorandum of Understanding
This Memorandum of Understanding is between Laser Barcode Solutions, Inc
(LBS), a Hawaii Corporation authorized to do business in the State of
Nevada (hereinafter "LBS") and Anonymous Data Corporation, a Nevada
Corporation (hereinafter "ADC").
Whereas LBS has a Value Added Reseller (VAR) contract with several
manufacturers of bar code equipment and
Whereas ADC is in the business of identification of individuals in relation
to storing and retrieving that individuals' medical analysis data for
medical tests using bar code equipment, and
Whereas LBS and ADC believe there may be viable profitable markets in which
bar code equipment may be utilized in the identification, storing and
retrieval of the results of laboratory analysis for medical testing,
Now therefore LBS and ADC agree as follows:
1. LBS will disclose to ADC details of all pertinent LBS VAR contract terms
in reference to bar code equipment of interest to ADC.
2. LBS will provide bids on bar code equipment to ADC on ADC request.
3. LBS will make available equipment for ADC purchase at a price that
equally devides the LBS VAR discount between LBS and ADC.
The consideration for this Memorandum of Understanding is the opportunity
for LBS and ADC to determine whether each party's products, services and
expertise used together with the other parties' products, services and
expertise can produce a viable and profitable product in the marketplace.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the day and year first written below.
ANONYMOUS DATA LBS
CORPORATION CORPORATION
By:/s/ Xxxxx X. Xxxxxxx By:/s/ Xxxxxx Xxxxxxxx
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Xxxxx X. Xxxxxxx, MD Xx. Xxxxxx Xxxxxxxx
President President
Dated: 11/24/98 Dated: 11/24/98
