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EXCLUSIVE MARKETING BILATERAL AGREEMENT
BE IT RESOLVED, that in consideration of the desire of Moonlighting
Distribution Corporation-USA, hereinafter [sic] to as Grantor, and Summit
Technologies, Inc., hereinafter referred to as Licensee, the parties to this
agreement do hereby agree to the mutual promises and covenants contained herein:
Pursuant to the agreement between the parties executed October 6, 1997,
Licensee hereby exercises its rights granted Licensee by Grantor in paragraph
[sic] of said agreement:
1) Grantor agrees to transfer and assign all marketing rights
(exclusively) without limitation to Licensee.
2) Grantor agrees to the licensing of its Chitosan Trim-Away Weight
Management systems for $10,000 to be paid with the execution of this
agreement.
3) Grantor agrees to the licensing of its Pannache by Xxxxx Skin Care
and related product lines for $10,000 to be paid with the execution
of this agreement.
4) Licensee agrees to the pricing schedule contained herein as Exhibit A.
5) Grantor grants to Licensee all trade names, rights and intellectual
property by virtue hereof.
6) Grantor warrants to Licensee that there shall be no other sales of
this unique formulation except to Licensee, except the grandfathered
accounts, Moonlighting International-Philippines and Pannache Salons
Limited.
7) Grantor agrees that this agreement shall remain in effect with
Licensee, their heirs, successors or assigns so long as the
production requirements of Exhibit A (attached hereto) are
continually met.
8) In the event of any dispute in connection herewith, THE AMERICAN
ARBITRATION ASSOCIATION, and the laws thereof shall prevail. Court
costs and attorney's fees shall be paid by the non-prevailing party.
9) Each party hereto stipulates that any and all names, telex, faxes,
or telephone numbers and fax numbers, and properly identified as
confidential in accordance with paragraph 7 hereto shall be kept
totally confidential and not be further distributed without
permission by the other party to do so. A separate license fee will
be payable for each line (i.e. weight loss, herbal, aromatherapy, and
auto products).
10) For this agreement to be applicable to a specific matter, the
providing party shall identify the matter to the receiving party in
writing citing this agreement.
Exhibit 10.6
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In witness thereof, we have subscribed our names thereto and agree that
this agreement became effective the 26th of June, 1998.
For Moonlighting Distribution For Summit Technologies, Inc.
Corporation-USA
/s/ Xxxxx Xxxxxx /s/ B. Xxxxx Xxxxxx
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Xxxxx Xxxxxx, President B. Xxxxx Xxxxxx, Chairman-CEO
State of Texas
County of Xxxxx
This instrument was acknowledged before me on 6-26-98 by Xxxxx Xxxxxx and Xxxxx
Xxxxxx.
(Seal) /s/ Xxxxxxxx X. Xxxxxxxx
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Notary Public, State of Texas
My commission expires 7-25-2001
Exhibit 10.6
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