EXHIBIT 6.03
CONTRACT
BETWEEN:
SHOWSTAR XXXXXX.XXX INC.
00-00000 Xxxxxxxxxxx Xxx
Xxxxxxxx, X.X.
X0X 0X0
(Hereinafter referred to as "Showstar")
AND:
Xxx Xxxxx
515 KSH Centre
000-000 Xxx Xxx Xxxx
Xxxx Xxxx, Xxxxxxx
Hong Kong
(Hereinafter referred to as "LZ")
WHEREAS Showstar agrees to enter into a contract with LZ and whereas LZ agrees
to enter into a contract with Showstar to establish a Joint Venture operation in
China, the following conditions are hereto agreed to in part and in full pending
the creation of a more formal contract:
LZ hereby agrees to:
1) Establish an office and presence, in Hong Kong and China for Xxxxxxx.xxx, a
division of ShowStar Xxxxxx.xxx, Inc., for the acquisition of content for the
web-sites.
2) Be the exclusive representative in China for Xxxxxxx.xxx and ShowStar
Xxxxxx.xxx, Inc.
3) Provide proper accounting records as specified by Xxxxxxx.xxx for all funds
associated with this agreement
SHOWSTAR agrees to:
1) Xxxxx XX the exclusive right to represent Xxxxxxx.xxx in Hong Kong and China.
2) Provide LZ $5,000 US per month starting November 1, 1999 to operate the
office
3) Provide LZ with funds to acquire content that has been pre-approved by
Showstar executive
4) Pay to LZ a reimbursement of expenses pre-approved by Showstar executive and
upon receipt of an expense report with required supporting documentation.
JOINT VENTURE
The Joint Venture structure and organization is to be negotiated before the end
of this contract.
XXX XXXXX COMPENSATION
In recognition of Xxx Xxxxx'x contribution and based on performance during the
life of this contract, ShowStar Xxxxxx.xxx, Inc. will grant him an option to
purchase 100,000 shares of Showstar common stock for $.50 per share on the
anniversary of signing this contract.
TERM
The term of this agreement shall be one year beginning November 1,
1999.
CANCELLATION OF CONTRACT
Either party can cancel the contract with 60 days notice in writing. LZ will be
compensated as above unless the contract is cancelled due to non-performance.
All amounts referred to in this contract are in US Dollars unless otherwise
specified.
The above named parties hereby consent to the terms and conditions of this
contract.
Dated this 27th day of October 1999 in the City of Richmond, B.C., Canada
For Showstar Xxxxxx.xxx, Inc. Witness
/s/ /s/
SIGNATURE
XXXX XXXXX XX XXXXXX
Print Name
For Xxx Xxxxx Witness
/s/ /s/
SIGNATURE
LI XXXXX XX XXX XXXX
Print Name
