Exhibit 10.1 -- Material Contract
RIGHT TO SELL AGREEMENT
BY AND BETWEEN
A-1 JEWELRY AND FOXY JEWELRY, INC.
For and in consideration of Foxy Jewelry, Inc. ("FJ") services to
be rendered in Photographing and displaying for sale and in undertaking to
sell or find a purchaser for the jewelry and gemstones thoroughly described
and priced and which shall hereafter be attached and made part of this
agreement as exhibits. The parties understand and agree that this is a
marketing agreement to sell jewelry and gemstones that will be temporarily
consigned to FJ for photographing and cataloging for the Foxy Jewelry
Website and/or other media, then returned to A-1 for safe keeping until
such time as the piece is sold.
A-1 shall prepare an exhibit for each batch of goods showing cost
price basis for A-1, thorough description and weight of each piece, and
suggested retail price.
A-1 hereby gives FJ the right to market these pieces through personal
contact, internet contacts, internet website, advertising through any media
or any other way FJ may find to market jewelry &/or Gemstones. Upon the sale
of a piece that has been accomplished through the efforts of FJ, FJ shall pay
to A-1 or A-1 shall pay to FJ the sale price of any piece minus the cost
established by A-1 for each piece divided by two. For example, if a piece
sells for $100 and A-1 has established a cost of $20 the profit of $80 would
be divided equally and the recipient of the funds would disperse those funds
to the other party of $40. Payment shall be handled as follows:
All monies received by Friday on items sold shall be paid to the other
party on or before the following Friday. Monies received shall be defined as
MC/VISA credited into the account, cash received, checks that have cleared
the bank (for policy purposes checks will add one week to the payment
process) and/or any other form of payment whereby the funds have hit and
cleared the bank.
Inventory for sale, A-1 shall immediately inform FJ. If A-1 fails to
do so and FJ has a sale for the piece A-1 shall either 1) replace the piece
with one of a better quality to the FJ customer and pay FJ the profit that
should have been derived from the lesser quality piece, 2) &/or bear the
costs of any legal actions associated with FJ selling a piece that A-1 had
made available to FJ
FJ shall be responsible for all stones while out of control of A-1
during the cataloging process.
This agreement shall continue until midnight of September 30, 2001
Date: September 2, 2000
/s/ Xxxxx Xxxxxxxxx
--------------------------
A-1 Owner
Date: September 2, 2000
/s/ Xxxx Xxx
----------------------------
President Foxy Jewelry, Inc.
