Exhibit 10.11
Fulfillment Contract with Golden Gems Nevada, Ltd.
46
[INTERACTIVE PROCESSING, INC. LETTERHEAD]
FULFILLMENT CONTRACT
The following agreement is hereby dated on June 1 1996 between the following
parties:
Golden Gems Nevada Ltd. / Distribution Center
0000 X. Xxxxxx Xxxxx #000
Xxx Xxxxx, XX
00000
AND
Interactive Processing, Inc. / Client
000 Xxxxxxxxx Xx. #0000
Xxxxxxxxx X.X.
X0X 0X0
Golden Gems will be known as GG and Interactive Processing will be known as IP.
GG will be responsible for inventory control, transportation of merchandise,
mail, fedex, bulk boxes, credit card authorizations, and accounting.
1. CREDIT CARDS
GG shall pay for each credit card authorization, charges for all credit cards
carried by GG. The current credit cards available are Amex, Mastercard, Visa,
Discover. IP shall pay for any charge backs of fraudulent credit cards.
2. MAILINGS
GG shall charge IP $5.00 for each unit shipped to individual customers. $5.95
shipping & handling will be charged to customers at time of shipping. IP shall
cover the cost of Fedex via their account and any other customs and duty for off
shore shipping.
3. BULK SHIPMENTS
GG shall charge IP $0.50 each unit per 50 piece bulk box of TV Terminators for
shipping to Catalog Companies and Home Shopping Networks and all bulk shipments
sent F.O.B.
[Interactive Processing, Inc. Letterhead] Page 2
4. TERM
The Term of this contract shall be 1 year and if both parties wish to end this
agreement then that party shall give 30 days notice to the other party.
5. INVENTORY
GG shall keep an up to date inventory by the 15th of the following month and fax
and mail IP a spread sheet on all mailing, credit card sales and any other costs
to IP.
6. COSTS
IP shall cover any extra costs such as envelopes, long distance faxing, special
mailings authorized by IP and any other reasonable requests. GG shall not make
any other decisions not covered in this agreement without the written consent of
IP.
7. SPECIAL SHIPPING
IP and GG will discuss costing per special shipments to overseas or any other
shipments not covered in this agreement. IP will agree to pay GG on a per
special shipment basis.
Golden Gems Nevada Ltd. Interactive Processing, Inc.
By: /S/ XXXXX XXXXXXXXX By: /S/ XXXXXXX XXXXXXXXX
Xxxxx Xxxxxxxxx, President Xxxxxxx Xxxxxxxxx, President & CEO
