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EXHIBIT 10.59
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["KUALA LUMPUR MUTUAL FUND" LOGO]
DISTRIBUTION AGREEMENT
This agreement is made on the 15th July, 0000 xxxxxxx Xxxxx Xxxxxx Mutual Fund
Berhad, Block B, Sri Damansara Business Park, Xxxxxxxxx Xxxxxxxx, Xxxxxx Xxx
Xxxxxxxxx, 00000 Xxxxx Xxxxxx (hereinafter called the "Publisher") on one part
and TechnoChannel Technologies Sdn Xxx, Xxxxx X, Xxxx X000 & X000, Xxxxxx
Xxxxxxxxx 0, Xx 0 Xxxxx Xxxxxxxxx, 00000 Petaling Jaya (hereinafter called the
"Distributor") on the other part.
Whereas the publisher publishes the book entitled FINANCIAL FREEDOM (the
Publication) and the Distributor shall act as an Agent of the Publisher to sell
and distribute the publication throughout Malaysia.
NOW IT IS HEREBY AGREED AS FOLLOWS:
1. The Publisher hereby appoints the Distributor to be its Agent for the
sales of the soft cover and hard cover edition of the publication
throughout Malaysia.
2. The Distributor will distribute through website.
3. The retail price per copy of the book is RM29.90 (Soft Cover) and
RM39.90 (Hard Cover) and the Publisher would offer the Distributor a
discount of [***] off the retail price. The selling price to the
distributor shall be [***] and [***] respectively per book.
4. The publication will be delivered to the Distributor's customers by the
Distributor and all delivery charges will be borne by the Distributor
unless other arrangements are agreed upon.
5. The Distributor agrees to pay the Publisher 30 days after each delivery
of the books from the Publisher to the Distributor.
6. Both sides agreed that this agreement may be ended by either side by
giving 3 months notice.
7. Notwithstanding Clause 6 above, the Publisher reserves the right to
terminate the agreement immediately if the Distributor is in breach of
any of the clauses herein mentioned before.
[***] Portions of this page have been omitted pursuant to a request for
Confidential Treatment and filed separately with the Commission.
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Distribution Agreement
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IN WITNESS WHEREOF the parties hereto have executed these presents and
duplicate hereof on the day, month and year first above written.
Signed by Xxxx Xxxx Xxxx Signature /s/ Xxxx Xxxx Xxxx
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Company's chop
For and on behalf of Date:
KUALA LUMPUR MUTUAL FUND BERHAD Witnessed by: /s/ Xxxx Xxxx
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Name: Xxxx Xxxx
Signed by Xxxxx Xxx Signature /s/ Xxxxx Xxx
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Company's chop
For and on behalf of
TechnoChannel Technologies Sdn Bhd Date:
Witnessed by: /s/ Xxxxx Xxx
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Name:
