- 2 -
July 1, 2002
December 30, 2001
Xxxxxxxxxx.Xxx, Inc.
Xxxxxxx X. Xxxxxx
0000 Xxxxxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Dear Xxxxxxx X. Xxxxxx:
This letter of understanding is to confirm our discussions regarding the
agreement between DRM, Inc. (DRM) and subsidiaries (RMC Group, Inc. and RMC
Group Canada, Ltd.) and Xxxxxxxxxx.Xxx, Inc. (Peoplesway).
DRM assigns Peoplesway as its exclusive worldwide sales and marketing agent
effective January 1, 2002. We feel this agreement will be mutually beneficial
to DRM and Peoplesway to increase the DRM product line's presence in the
marketplace and sales and revenues for Peoplesway.
Peoplesway agrees to make its best effort to market the DRM product lines and
other product lines that DRM may elect to offer through alliances and affiliate
programs. Peoplesway will also market and maintain the sites of site owners
within the multi-eNetwork on its server. This will include acquiring all
necessary equipment, programming and staff to necessary to provide this service.
In addition to products, DRM will also provide warehouse space (aprox. 1900 sq.
ft.), office space (approx. 2600 sq. ft.), customer service, warehouse and
management personnel, supplies and other items necessary to promote the
products.
Each subsidiary of DRM will also invoice Peoplesway for all services and
personnel provided on their behalf at actual costs, plus a management fee of 3%
of Product Volume.
The product cost will be invoiced to Peoplesway at cost plus 10%. The invoice
will be submitted based on the cost of the product sold each month.
This agreement will be reviewed every 12 months and revised as needed.
We are excited about the opportunity for growth by both our companies through
our internet sales and marketing agreement. If we can be of any assistance,
please do not hesitate to contact us.
Regards,
X. X. Xxxxx
Vice President / Secretary
Agreed to by Xxxxxxx X. Xxxxxx on behalf of Xxxxxxxxxx.Xxx, Inc.
_______________________ ___________
Xxxxxxx X. Xxxxxx Date
