ANNEX III
OFFICE EXPENSE AGREEMENT
THIS AGREEMENT, executed this _____ day of ____________, 1997, by and
between XXXXX PUBLICATIONS, INC. ("FPI"), XXXXX SYSTEMS, INC. ("FSI") and XXXXX
LONG DISTANCE SERVICE, INC. ("FLD").
WHEREAS, all three of the above parties use office space located at
000 Xxxxx Xxxx, Xxxxx 000, Xxxxxxx, Xxxxxx, which is leased in FPI's name only,
and
WHEREAS, presently rent is allocated between the three entities so
that each pays its own proportionate share; and
WHEREAS, the parties wish to include personnel and office expenses and
document their agreement by a contract in writing.
NOW THEREFORE, the parties agree as follows:
1. ALLOCATION OF EXPENSES. Each Entity, FPI, FSI, and FLD will
hereinafter pay its proportionate share of expenses actually
incurred in respect of office space, support facilities and
personnel. FPI and FSI will submit an itemized monthly
invoice to FLD covering each's proportionate share of such
expenses and FLD shall promptly pay their proportionate share
of such expenses. Likewise, FLD will submit an itemized
monthly invoice to FSI and FPI covering each's proportionate
share of such expenses and FSI and FPI shall promptly pay
their proportionate share of such expenses.
2. TERM AND BINDING EFFECT. This agreement shall remain in
effect for a term of five (5) years from ____________, 1997.
It is binding upon the parties hereto and their successors
and assigns.
IN WITNESS WHEREOF, the parties have set their hands the day and year
first above written.
XXXXX PUBLICATIONS, INC.
By:
-------------------------------
Xxx Xxxxx, President
XXXXX SYSTEMS, INC.
By:
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Xxx Xxxxx, President
XXXXX LONG DISTANCE SERVICES, INC.
By:
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Xxxx Xxxxx, President
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