CONTRACT FOR SERVICES
AND
OFFSET AGREEMENT
TO THE
PROFIT PARTICIPATION AGREEMENT
This agreeement is dated September 14, 1999 between Atlantic Syndication
Network, Inc. (ASNI) and Xxxxx Xxxxx (RBC).
RECITALS
1. ASNI agrees to provide contract services for RBC for consulting and
production of RBC's Dynamic Builders commercial for $25,000.
2. RBC has previously invested $100,000 as described in that certain Profit
Participation Agreement ("Profit Participation Agreement") dated January 17,
1999. It is understood that ASNI's projection of when the revenues were
anticipated to begin has been delayed. In consideration for the indefinite time
it may take to finish getting the project up and running, this additional
consideration to RBC is agreed to between the parties.
The parties hereby agree to the following:
(1) The services shall be completed by Nov. 19, 1999
(2) The $25,000 payment for these services shall be paid to ASNI by ASNI
reducing the $100,000 investment made by RBC in the referenced
Profit Participation Agreement to the amount of $75,000.
(3) It is agreed that all other terms and conditions of the Profit
Participation Agreement shall remain in full force and effect,
including ASNI shall receive the $10,000 per month for management
fees when the project is up and running.
ASNI
/s/ Xxxx X. Xxxxx, Xx.
------------------------
Xxxx X. Xxxxx, Xx.
President
RBC
/s/ Xxxxx Xxxxx
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Xxxxx Xxxxx
