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February 29, 2000
August 31, 1999
Xxxxxxxxxx.Xxx, Inc.
Xxxxxxx X. Xxxxxx
0000 Xxxxxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Dear Xxxxxxx X. Xxxxxx:
This letter of understanding is to confirm our discussions regarding the
agreement between DRM, Inc. (DRM) and subsidiaries (RMC Group, Inc. and RMC
Group Canada, Ltd.) and Xxxxxxxxxx.Xxx, Inc. (Peoplesway).
DRM will utilize Peoplesway as its exclusive internet sales and marketing agent
beginning September 1, 1999. We feel this agreement will be mutually beneficial
to DRM and Peoplesway to create an internet presence and sales.
Peoplesway agrees to make its best effort to market on the internet the DRM
product lines and other product lines that DRM may elect to offer through
alliances and affiliate programs. Peoplesway will also market and maintain the
sites of site owners within the multi-eNetwork. It will also understood that
Peoplesway will begin the process of becoming the host for all sites. This will
include acquiring all necessary equipment, programming and staff to necessary to
provide this service.
In addition to products, DRM will also provide warehouse space, office space,
customer service, warehouse and management personnel, supplies and other items
necessary to promote the products.
The product cost will be invoiced to Peoplesway at cost plus 10%. The invoice
will be submitted by the appropriate subsidiary based on the cost of the product
sold on the internet for each subsidiary.
Each subsidiary will also invoice Peoplesway for all services and personnel
provided on their behalf, based on the percentage of internet sales compared to
their total sales.
We are excited about the opportunity for growth by both our companies through
our internet sales and marketing agreement. If we can be of any assistance,
please do not hesitate to contact us.
Regards,
X. X. Xxxxx
Vice President / Secretary
Agreed to by Xxxxxxx X. Xxxxxx on behalf of Xxxxxxxxxx.Xxx, Inc.
_______________________ ___________
Xxxxxxx X. Xxxxxx Date
