EXHIBIT 1
SWISS ARCTIC TRADERS -- WORLDWIDE WEB DESIGNERS
AGREEMENT
Effective Date: May 8, 2001
This Agreement is made between Swiss Arctic Traders Ltd., a Turks and
Caicos Island company ("Swiss Arctic"), and Worldwide Web Designers, Inc., a
Florida corporation ("WWW").
In consideration for the recited promises and the actions to be taken,
the parties agree as follows:
1. Swiss Arctic will enter into an Internet website service agreement with
WWW by which WWW will provide maintenance services for the websites of
Swiss Arctic's newly acquired subsidiaries, X-Xxxx.xx.xx, Plc. and
Xxxxxxxxxxx.xx.xx, Plc.
2. WWW shall provide the general maintenance and hosting services for the
websites which shall operate using software and designs licensed to
Swiss Arctic for the Xxxxxxxxxxxxxxxxxxx.xxx, Xxxxxxxx.xxx, and
X-Xxxxxxxx.xxx websites. Swiss Arctic shall pay or arrange for payment
for the basic service in the amount of $2,000 per month payable in
monthly. The agreement may provide for additional charges for costs
outside the standard fees. The initial term shall be one year.
3. Upon signing the service agreement and the payment of the initial
monthly service fee, WWW shall release and transfer the 20% of the
outstanding shares of Swiss Arctic which it holds pursuant to the
transaction made on January 20, 2000 relating to the purchase of the
shares of E-Pawn, Inc.
4. In addition, WWW hereby consents to the assumption by Fortuna Holdings
Limited of the $500,000 promissory note made by Swiss Arctic as part of
the consideration for the sale of the E-Pawn, Inc. shares under the
Agreement made on January 20, 2000. The assumption is made pursuant to
that certain Assignment and Assumption agreement between Swiss Arctic
and Fortuna Holdings Limited on even date herewith.
SWISS ARCTIC TRADER LTD. WORLDWIDE WEB DESIGNERS, INC.
By: By:
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