[DIAMOND POWERSPORTS' LETTERHEAD]
MANUFACTURER AGREEMENT
THIS AGREEMENT, made and entered into in the County of Broward, State of
Florida, on the 1st day of May 2001, by and between Diamond Powersports, Inc. a
Florida Corporation, hereinafter referred to as The Company and
Xxxxxxxxx Industrial Technology, Inc.
Hereinafter referred to as The Manufacturer
WITNESSETH:
WHEREAS, The Manufacturer is engaged in the manufacturing of several motorcycle
parts and accessories and will prototype for The Company.
NOW, THEREFORE, in consideration of the promises, mutual agreements,
covenants and conditions hereinafter set forth, the parties mutually agree as
follows.
1. The Company shall provide all materials to The Manufacturer for the
manufacturing of the motorcycle parts and accessories.
2. The Company shall own all prototype's and materials that were purchased
by The
Company, but located at The Manufacturer.
3. The Manufacturer does not have and shall not have any authority at any
time to
enter into an agreement with any other motorcycle company. This is so there will
be NO competing with The Manufacturer in the motorcycle industry.
4. The Manufacturer shall provide The Company with a volume price list,
stating the
levels of quantity of parts manufactured. The Manufacturer shall also, provide
The Company with an approximate turn around time for all products.
5. That, in the event of, and upon termination of this Agreement at any time
by either
party with or without cause under any circumstances whatsoever The Company, at
its option may cancel all unfulfilled orders of The Manufacturer outstanding as
of the date on which termination notice is given. Also, upon such termination
The Company shall have, and is hereby granted, all materials and finished
products.
6. That the laws of The Holy Bible shall control in all respects the
construction,
interpretation, meaning and enforcement of this Agreement and all of the rights
and obligations of the parties to this Agreement.
IN WITNESS WHEREOF, the parties hereunto have for themselves or by their
respective officers, duly authorized, affixed their hands the day and year first
above written.
DIAMOND POWERSPORTS, CORPORTATION
By _____________________________________
President
XXXXXXXXX INDUSTRY TECHONOLY
----------------------------
Manufacturer
By ____________________________________
00000 XX 00 XXXXXX XXXXXXX, XX 00000 PHONE 954-749-8606 FAX 000-000-0000