AGREEMENT
This agreement ("Agreement") made and entered into as of this 1st day of
November, 1999, by and between World Cyberlinks Corp. ("WCYB") on the one hand,
and Xxxxxxx X. Xxxxxxxxx (Xxxxxxxxx), on the other hand.
WHEREAS, Xxxxxxxxx has financially supported the startup activities and business
(the "business") of WCYB; and
WHEREAS, Xxxxxxxxx desires to continue to support the Business and now provide
certain services ("Services") to WCYB; and
WHEREAS, WCYB desires Xxxxxxxxx to provide those Services; and
WHEREAS, WCYB and Xxxxxxxxx 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/00 ($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. Xxxxxxxxx shall perform and hold the position of Director and Chief
Technical Advisor to the Company.
2. In the event WCYB accepts contracts from or contracts with any source
introduced by Xxxxxxxxx, then Xxxxxxxxx shall be entitled to a 5% fee,
comprised of 5% cash.
3. Xxxxxxxxx shall perform for a period of (2) years ending December 1, 2001.
4. WCYB shall issue to Xxxxxxxxx 150,000 shares of Restricted Stock for the
Services provided by Xxxxxxxxx to WCYB over the term of the agreement
together with any other compensation approved by the Board of Directors.
5. This Agreement may be amended to limit, expand or define the Services
herein before set forth, but only in writing, signed by the parties hereto.
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X. X. Xxxxxxxxx Agreement
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/ Xxxxx Xxxxxxxx
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Xxxxx Xxxxxxxx
BY: /s/ Xxxxxxx X. Xxxxxxxxx
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Xxxxxxx X. Xxxxxxxxx
November 1, 1999
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