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EXHIBIT 10.30
AGREEMENT
MADE BETWEEN:
VIBRO-TECH INDUSTRIES, INC. (hereinafter referred to as "Vibro") the Party of
the First Part
And Xxxxxxxxx X. Xxxxxxxxx and Xx. X. Xxxxxxx the Party of the Second Part
IT IS HEREBY AGREED:
1. THAT Vibro shall extend to the Party of the Second Part the right to act as
Vibro's exclusive agent to market Vibro's products and designs in the
region of Russia for a period of two (2) years from the date of execution
of this agreement.
2 THAT Vibro will pay to the Party of the Second Part a commission of five
(5%) percent of the net price of each contract completed under this
agreement.
3. THAT the commission will be paid within twenty-one (21) days of Vibro's
receipt of the full payment of the contract price.
4. THAT the Party of the Second Part has a duty and an obligation to assist
Vibro in following up on the progress of each project referred to by the
Party of the Second Part.
5. THAT if, for any reason, a project referred under this agreement by the
Party of the Second Part is completed by Vibro but is not paid for in full,
the Party of the Second Party will not receive the commission for that
project.
6. THAT upon its expiration, this agreement may be renewed by the parties
hereto under such terms and conditions as may be deemed to be for their
mutual benefit.
Dated the 10th day of October, 1998 in the City of Guangzhou in the Guangdong
Province of China and signed in the presence of:
/s/ Xxxx Xxxx Vibro-Tech Industries Inc.
Xxxx Xxxx For: /s/ Xxx Xxxxx
Xxx Chungt
/s/ X. Xxxxxxxxx
X. Xxxxxxxxx
/s/ X. Xxxxxxx
X. Xxxxxxx
