DATED 1st November 2000
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MANAGEMENT SERVICE AGREEMENT
Myoffiz Inc. - Xxxxxxx.xxx Pte Ltd
Myoffiz Inc.
("MOI")
and
Xxxxxxx.xxx Pte Ltd.
("MO")
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SERVICE AGREEMENT
Myoffiz Inc - Xxxxxxx.xxx Pte Ltd
This Agreement (the "Agreement") is made and entered into as
of 1st November, 2000, by and between Myoffiz Inc, a company
incorporated under the laws of the State of Nevada ("MOI"),
and Xxxxxxx.xxx Pte Ltd., a company incorporated under the
laws of Singapore, ("MO"), (hereinafter the "Parties").
RECITALS
A. Myoffiz Inc has established, owns and represents, a
corporation capable of providing office supplies, products and
services on a click and mortar mode; and
B. Myoffiz Inc has acquired the assets, rights, domain-
names and internet mall for conduct of business in
office supplies, products and services on a click
and mortar mode, and wishes to capitalize on this
opportunity with the best available management
B. Xxxxxxx.xxx Pte Ltd desires to ensure commercial success
by providing management and marketing services for Myoffiz
Inc, and Myoffiz Inc desires to accept these services and
obligations under the terms and conditions of this Agreement
NOW, THEREFORE in consideration of the mutual promises
contained herein, the receipt and sufficiency of which is
hereby acknowledged, the parties consent and agree as
follows:
ACCORDINGLY, for good and valuable consideration, and in
further consideration of the forgoing and the mutual
covenants, agreements, representations and warranties
herein contained, the Parties hereby further agree as
follows:
Article 1 SERVICES
Xxxxxxx.xxx Pte Ltd shall provide on a needs basis,
marketing and management services for Myoffiz Inc,
including the establishment of a permanent Management
Team, during the Term, and Myoffiz Inc hereby accepts
such services and obligations upon the terms and
conditions contained herein
Article 2. CONSIDERATION
In consideration of the management and marketing services
provide by Xxxxxxx.xxx Pte Ltd under this Agreement,
Myoffiz Inc shall pay Xxxxxxx.xxx Pte Ltd a management
fee of Two Thousand and three hundred Dollars (US$2,300)
per month payable in advance, plus any and all business
expenses incurred by Xxxxxxx.xxx Pte Ltd while providing
the services under this Agreement, for the duration of
the Term of this Agreement. The Consideration can be
varied by mutual written consent of the Parties.
Article 3. NO COMPETITION
Xxxxxxx.xxx Pte Ltd, nor its agents, employees, partners,
officers, directors or any other company or person with
which Xxxxxxx.xxx Pte Ltd has any other commercial
relationship, association, affiliation and/or agreement,
other than specifically provided for in this Agreement,
shall
3.1 neither appoint nor otherwise allow any other entity,
either directly or indirectly to, manufacture, import, sell,
market or distribute the products of Myoffiz Inc as may
reasonably deemed to compete with the products, services
supplies by Myoffiz Inc, nor
3.2 offer services to any other entity, either directly or
indirectly, as may reasonably be deemed to compete with the
Products and Services and Website under this Agreement.
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Article 4 CONFIDENTIALITY
Xxxxxxx.xxx Pte Ltd and Myoffiz Inc shall keep
confidential all proprietary information pertaining to
the products, services and supplies offered by Myoffiz
Inc.
Article 5. RELATIONSHIP OF PARTIES
The relationship of the parties of this Agreement shall
be that of independent contractors. Nothing contained in
this agreement shall be construed to create an agency,
partnership, joint-venture or employment relationship
between the Parties, nor to make Xxxxxxx.xxx Pte Ltd, the
agent for Myoffiz Inc for any purpose, and no party
hereto shall have any right whatsoever to incur any
liabilities or obligations on behalf of or binding upon
the other Party.
Article 6. TERM
The Term of this Agreement shall be deemed to commence
from the 1st day, November 2000. Notwithstanding, the
management fee payment shall commerce only from 1st day
January 2001, with the first payment be made for the
month of January 2001. This Agreement may be terminated
by mutual written consent of the Parties.
Articles 7. ASSIGNMENT of AGREEMENT
Myoffiz Inc may assign the rights, interest and
obligations under the Agreement to a successor entity,
but Myoffiz Inc is not otherwise entitled to assignment
the benefits of this Agreement to any subsidiary,
division or other company through which Myoffiz Inc may
from time to time enter into agreements to exclusively or
otherwise conduct its business.
Article 8. SEVERABILITY
If any provision of this Agreement is held to be
prohibited by or invalid under any applicable law by any
court or tribunal, such provision shall be ineffective
only to the extent of such prohibition and shall not
effect the validity of the remaining provisions hereof.
Article 9. ENTIRE AGREEMENT
This Agreement constitutes the entire Agreement between
the parties, supersedes all prior oral and written
agreements and understandings between the parties, and
can be altered, amended or modified only in writing and
as duly executed by all parties.
Article 10. BINDING AGREEMENT
This Agreement shall be binding upon and shall inure to
the respective parties hereto and their legal successors,
heirs, administrators and assigns.
Article 11. EXECUTION OF AGREEMENT
This Agreement embodied in the English language and is
executed as of two original counterparts made between
Myoffiz Inc and Xxxxxxx.xxx Pte Ltd each of which are
signed by an authorised officer of each organisation who
represent that they have the authority to enter this
agreement on behalf of their respective organisations.
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Article 12. GOVERNING LAW
This Agreement must be interpreted in conformity with the
laws of the State of Nevada and the parties submit to the
non-exclusive jurisdiction of the Courts of that State
and all courts of appeal therefrom.
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the day and year first above written.
For and on behalf of For and on behalf of
Myoffiz Inc. Xxxxxxx.xxx Pte Ltd
By: /s/ Xxxxx Xxxx By: /s/ Kwek Swee Cheow
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Xx. Xxxxx Xxxx, President Xx. Xxxx Swee Cheow,
Managing Director
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