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 Xxxxx Xxxxxxxx (Xxxxxxxx), on the other hand.
WHEREAS, Xxxxxxxx has supported the startup activities and business
(the "Business") of WCYB; and
WHEREAS, Xxxxxxxx desires to continue to support the Business and now
provide certain legal services ("Services") to WCYB; and
WHEREAS, WCYB desires Xxxxxxxx to provide those Services; and
WHEREAS, WCYB and Xxxxxxxx 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. Xxxxxxxx shall perform as President, Chief Executive Officer and
inside counsel.
2. In the event WCYB accepts contracts from or contracts with any
source introduced by Xxxxxxxx, then Xxxxxxxx shall be entitled to a 5% fee,
comprised of 5% cash.
3. Xxxxxxxx shall perform for a period of (5) five years ending
December 1, 2004
4. WCYB shall issue to Xxxxxxxx 1,000,000 shares of Restricted Stock
for the Services provided by Xxxxxxxx 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.
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
-----------------------------
Xxxxx Xxxxxxxx
BY: /s/ Xxxxxxx X. Xxxxx
-----------------------------
Xxxxxxx X. Xxxxx
