Exhibit 10.1
CONTRACT for CARD CREDIT PROCESSING SERVICES
This Agreement is made effective as of September 15, 1998, by and between
Access Network Corp. of 000 Xxxx Xxxx, Xxx Xxxxx, XX. 00000, and MK Resources,
Inc of 0000 X. Xxxxxx Xxx., Xxxxx # 000, Xxx Xxxxx, XX. 00000. In this
Agreement the party who is contracting to receive services shall be referred
to as "the Company", and the party who will be providing the services shall be
referred to as "MK Resources".
MK Resources is willing to provide services to the Company for credit card
processing services.
The Company desires to have services provided by MK Resources.
Therefore, the parties agree as follows:
1. DESCRIPTION OF SERVICES. Beginning on September 15, 1998, MK Resources,
will provide the following services, (collectively the "Services"): the
processing of credit card orders provided by the Company.
2. PAYMENT. The Company will receive a monthly billing statement and a
check for processed orders beginning December 1, 1998, at which time a fee of
2.5% of orders processed will be assessed to the Company. This fee shall be
deducted on a monthly bases and deducted from the month check received by the
Company.
Upon termination of this Agreement, payments under this paragraph shall
cease-, provided, however, MK Resources shall be entitled to payments for
processed orders or partial periods that occurred prior to the date of
termination and for which MK Resources, Inc., has not yet been paid.
3. TERMINATION. This Agreement may be terminated by either party upon 30
days written notice to the other party
4. RELATIONSHIP OF PARTIES. It is understood by the parties that MK
Resources is an independent contractor with respect to the Company, and not an
employee of the Company. the Company will not provide fringe benefits,
including health insurance benefits, paid vacation, or any other employee
benefit, for the benefit of Consultant.
5. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any
provision of this Agreement shall not be construed as a waiver or limitation
of that party's right to subsequently enforce and compel strict compliance
with every provision of this Agreement.
APPROVED BY:
Access Network Corp.
/s/ Xxxxxxx Xxxxxxxxxxx
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Xxxxxxx Xxxxxxxxxxx
MK Resources, Inc.
/s/ Xxxxxx Xxxxx
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Xxxxxx X. Xxxxx
President
