Exhibit 10(i)
Letter of Agreement between Supply Chain Services, Inc. and
Yellowstone Corporate Services, Inc. entered into in February 2002
with regards to the listing of Supply Chain Services, Inc. common
stock
Yellowstone Corporate Services, Inc.
1201 Xxxxxxxxx Xxxxx, 00-00 Xxxxxx Xxxx, Xxxxxxx, Xxxx Xxxx
Telephone : (000) 0000-0000; Facsimile : (000) 0000-0000; Email :
xxxx00@xxxxxxxxxx.xxx
21 February 2002
Xx. Xxxxxx Xxx
Director and President
Supply Chain Services, Inc.
0/X, Xxxxxxxxx Textile Centre
00 Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx
Xxxx Xxxx
Dear Xx. Xxx,
We wish to seek confirmation from Supply Chain Services, Inc.
("SCS") that SCS confirms/agrees with the followings:-
1. The Board of Directors of SCS has agreed to proceed with the
proposal put forth by Yellowstone Corporate Services, Inc.
("Yellowstone") on 5 February 2002, whereby for a total
consideration of US$5,000.00, SCS will issue new common stock of
621,497 shares to Yellowstone, which will then distribute these
shares to Yellowstone stockholders (the "Distribution").
2. Yellowstone elects to purchase only 618,497 shares of SCS's
newly issued common stock for the Distribution (the "Distribution
Shares") at a total consideration of US$5,000.00.
3. SCS will engage a qualified United States securities lawyer to
develop and file a Registration Statement on Form SB-2 (the "SB2")
with the United States Securities and Exchange Commission ("SEC"),
which registers the shares for the Distribution and certain SCS
common stock offered for sale by several SCS stockholders.
4. Yellowstone will only subscribe and pay for the Distribution
Shares and distribute them to Yellowstone stockholders upon the SB-
2 being declared effective by the SEC.
5. Yellowstone has to make a NON-REFUNDABLE deposit of
US$5,000.00 to SCS prior to SCS's filing of the SB2. This deposit
shall be applied towards the subscription of the Distribution
Shares upon the SB2 being declared effective by the SEC.
6. After the SB2 has been declared effective by the SEC,
Yellowstone is to introduce a Market Maker to SCS to sponsor it to
file Form 211 with the National Securities and Dealers Association
(the "F-211") to apply for quotation of SCS common stock on the
United States Over-The-Counter Bulletin Board.
7. SCS will engage a qualified United States securities lawyer to
develop and file the F-211.
If SCS agrees with all of the above, please sign below and return a
copy of the duly signed letter back to us.
Yours truly,
For and on behalf of
YELLOWSTONE CORPORATE SERVICES, INC.
/s/ King Xxxx Xx
------------------
King Xxxx Xx
Director & President
We confirm that Item (1) as set out in this letter is true and that
we agree on Items (2) to (7).
For and on behalf of
SUPPLY CHAIN SERVICES, INC.
/s/ Xxxxxx Xxx
----------------------
Name and title: Xxxxxx Xxx, President
Date: Feb. 22, 2002
