CLIENT SERVICE AGREEMENT
THIS AGREEMENT is made and entered into this eleventh day of
March, 1997 by and between MEDIACOMM MARKETING
INTERNATIONAL, located at 000 Xxxxx Xxxxxxxxx, Xxxxx 000,
Xxxxxx, Xxxxxxxx 00000, hereinafter sometimes referred to as
(MMI) and RED OAK HEREFORD FARMS INC. located at 0000
Xxxxxxxx Xxxxx, Xxx Xxx, Xxxx 00000, hereinafter sometimes
referred to as ("HERF") or the ("Company").
WITNESSETH:
WHEREAS, MMI is a financial public relations and direct
marketing advertising firm specializing in the dissemination
of information about publicly traded companies, and;
WHEREAS, HERF, represents a publicly held or soon to be
publicly held company with its common stock trading on one
or more stock exchanges and/or Over The Counter, NASDAQ or
the Vancouver Stock Exchange, and;
WHEREAS, HERF, desires to publicize its representative with
the intention of making its name and business better known
to its shareholders, investors, and brokerage houses, and;
WHEREAS, MMI is willing to accept the Company, on a best
efforts basis, as a client.
NOW THEREFORE, in consideration of the mutual covenants
herein contained, it is agreed:
1. INFORMATION PACKAGE: The Company shall furnish an
Information Package to MMI including disclosure and filing
materials, financial statements, business plans, promotional
materials, annual reports and press releases. MMI may rely
on, and assume the accuracy of the Information Package.
2. MARKETING PROGRAM: Based on the information
Package, MMI will initiate and complete all service set
forth proposal dated March 11, 1997 with adjustments for
later starting date and/or holiday consideration.
3. TIME OF PERFORMANCE: Services to be performed
under this Agreement shall commence March 17, 1997 and shall
continue until completion, which generally is expected to
occur within three months.
4. COMPENSATION AND EXPENSES: In consideration of the
services to be performed by MMI, the Company agrees to pay
compensation to MMI of $90,000.00 U.S. in cash as set forth
below, time being of the essence.
5. PAYMENT: MMI shall be entitled to receive from the
Company installments, upon the following terms and
conditions:
(A) $30,000.00 (cash) Due March 17, 1997.
(B) $30,000.00 (cash) Due April 14, 1997.
(C) $30,000.00 (cash) Due May 12, 1997.
6. ENTIRETY OF AGREEMENT: This writing contains the
entire agreement of the parties and excludes any verbal
guarantees, assurances or representations. Proper venue and
jurisdiction shall be in the District Court in Denver
County, Colorado.
Executed as a sealed instrument as of the day and year first
above written.
MEDIACOMM MARKETING INTERNATIONAL, INC.
BY:____________________________DATE: 3/11/97
Xxx Xxxxxxxx - President
RED OAK HEREFORD FARMS INC.
BY:___________________________ DATE: 3/1/97
Xxxxxx Xxxxxxxxx- President
