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EXHIBIT 6.7
[COMPANY LETTERHEAD]
This letter is an agreement between WSL, Inc. and Team Sports of New
Zealand.
WSL, Inc. will provide all designs and source of raw and finished
material and provide assembly instructions for all Rawlings Golf products made
in New Zealand or Australia. This is for the purpose of building and
distributing Rawlings Golf products as a joint venture partner, for the
countries of New Zealand and Australia only.
WSL, Inc. will provide $30,000 in cash or raw materials and Team Sports
will provide $30,000 in U.S. currency as start up monies and material for this
new joint venture.
Team Sports will deduct all overhead and normal cost to run the business
and will split all profits. Team Sports will pay quarterly all royalties of all
Rawlings product sold at wholesale at the rate of 5%.
Team Sports will provide full sales information quarterly for all sales
and royalty payments.
By /s/ Xxx XxxXxxx By /s/ Xxxxxx Xxxx
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Xxx Xxxxxxx/Team Sports Xxxxxx Xxxx/WSL, Inc.
3-94 3-94
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Dated Dated
