EXHIBIT 10.3 FEE AGREEMENT WITH BLENDER MEDIA
XXXXX 000- 000 XXXX XXXXXX XXXXXX
XXXXXXXXX, XX X0X 0X0
TEL. (000) 000-0000
FAX (000) 000-0000
URL: XXX.XXXXXXXXXXXX.XXX
DATE: AUGUST 7, 2002
AGREEMENT (the "Agreement") Made as of the 7th day of August, 2002 (the
"Effective Date") by and between Blender Media, having its principal place of
business at 000-000 Xxxx Xxxxxx Xxxxxx, Xxxxxxxxx, X.X. and MIV Therapeutics
Inc. ("the client"), having its principal place of business at Xxxx 0 - 0000 Xxx
Xxxxxx, Xxxxxxxxx, X.X.
WHEREAS, the client desires to establish a branded web site on the World Wide
Web; and WHEREAS, Blender Media is in the business of providing software,
design, and computer consulting services in connection with creating and
operating sites on the World Wide Web and desires to provide corporate identity
and website design, development and implementation services to the client.
THE PROJECT
To develop an informative, user friendly, and visually appealing corporate
website and PowerPoint presentation.
SPECIFICS
Blender Media will undertake and complete the following tasks and services in
order to successfully complete the project:
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WEBSITE
Design and development of new website
Integration of Content Management System
Integration of Contact Management System
Stock quote and chart integrated into
the website template
*(DETAILS FOR THE ABOVE FEATURES ARE OUTLINED IN THE
ATTACHED "SOLUTION'S OVERVIEW".) $4500.00
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POWERPOINT PRESENTATION
Design and development of Power Point & Print
templates
Preparation & testing of the overall presentation
Print 20 bound copies of presentation $1881.17
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*All amounts are in Canadian Dollars, excluding applicable taxes.
PAYMENT
The total cost for the design and development of the website and the Power point
presentation is $6381.17 plus any applicable taxes. Fees for professional
services do not include outside purchases, such as (but not limited to)
printing, typography, photography, art and color proofing materials, shipping
and messengers. Expenses are itemized on each invoice. Fees to Blender Media are
due and payable according to the following schedule:
$1,881.17(plus any applicable taxes) to begin the project, to be paid by cash or
cheque
And
$4,500 (plus any applicable taxes) upon completion of both the website and
PowerPoint presentation, payable in cash or the equivalent dollar amount in MIV
Therapeutics Inc. (MIVT:OTCBB) shares (based on market price on settlement
date).
The following rates will apply after the launch of the website:
Updates to the website:....Free for first three months. Thereafter, $50 per hour
Hosting: Free for the first year. All amounts are in Canadian Dollars, excluding
applicable taxes.
TIMELINES
The client will approve each part of the process. All timelines will be
discussed and outlined with the client to ensure that the website's progress is
on track.
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TERMS AND CONDITIONS
The agreement contained in this "Website Design Contract" constitutes the sole
agreement between Blender Media and Windridge Holdings Limited regarding the
website design work. Any additional work not specified in this contract must be
authorized by a written change order.
COPYRIGHTS AND TRADEMARKS: Windridge Holdings Limited ("the client") represents
to Blender Media and unconditionally guarantee that any elements of text,
graphics, photos, designs, trademarks, or other artwork furnished to Blender
Media for inclusion in web-pages are owned by the client, or that the client has
permission from the rightful owner to use each of these elements, and will hold
harmless, protect, and defend Blender Media and its subcontractors from any
claim or suit arising from the use of such elements furnished by the client.
RIGHTS OF OWNERSHIP: Once a project has been delivered by us and is fully paid
for the client, Blender Media will assign the reproduction rights of the design
for the use(s) described in the proposal. According to Copyright Law, the rights
to all design and art work, including but not limited to photography and/or
illustration created by independent photographers or illustrators retained by
Blender Media or purchased from a stock agency on your behalf, remain with the
individual designer, artist, photographer, or illustrator. Unless a purchase of
"all rights" (a "buyout") is negotiated with Blender Media and/or with the
photographer, illustrator, stock agency or his/her authorized representative,
you may not use or reproduce the design or the images therein for a purpose
other than the one(s) initially stipulated. If you wish to use a design we have
created and/or the images within it for another purpose or project, including a
reprint or exhibition, you must contact us to arrange the transfer of rights and
any additional fees before proceeding.
The undersigned agrees to the terms of this agreement on behalf of his or her
organization or business. For purposes of venue, this agreement was signed in
Vancouver, British Columbia, and any dispute will be litigated or arbitrated in
Vancouver, British Columbia, Canada.
On behalf of the client (name & authorized signature):
/s/ Xxxxxxx X. XxXxxxx Date August 7, 2002
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Xxxxxxx X. XxXxxxx, CFO
On behalf of Blender Media (name & authorized signature):
Xxxx Xxxxxx, Director Date August 7, 2002
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