STRATEGIC ALLIANCE AGREEMENT
THIS STRATEGIC ALLIANCE AGREEMENT drafted this 13th day of April, 1999
is by and between XXXXXXXXXX.XXX, INC. (ICI), and XXXXXXXXXXXXXX.XXX, CORP.
(NCC).
WHEREAS ICI is able to provide technology and expertise for the
Internet and provide NCC feature sections and spotlight articles on the ICI Web
site to sell and cross promote NCC products and services on the ICI Web site;
and
WHEREAS NCC is to provide ICI the NCC Web site (XxxxxXxxxxxxxx.xxx),
and all content contained therein, as well as additional health related products
services, articles and reviews for the ICI Web site, and cross promote ICI's Web
site. NCC will also give ICI the XxxxxxXxxxxx.xxx domain name for consideration
contained within this agreement.
HERETOFORE, ICI and NCC wish to form a strategic alliance in order to
create a working relationship in which NCC will provide the above content,
advertising and cross promotional opportunities to ICI; and ICI will incorporate
said content within ICI's Web site, and feature NCC as a premier strategic
alliance partner. Both entities will utilize hyper-linked corporate logos to
drive site traffic to the ICI Web site.
1. STRATEGIC ALLIANCE. Pursuant to this Strategic Alliance Agreement, the
parties hereby formally acknowledge a Strategic Alliance whereby each
entity will perform various tasks to be described herein.
2. COMPETITION. The spirit of this Strategic Alliance is to complement and
cross promote NCC's products and services.
3. ICI RESPONSIBILITIES. ICI will incorporate the NCC site contents into
feature sections and spotlight articles on the ICI Web site to sell and
cross promote NCC products and services. ICI will also host the NCC
site for one hundred fifty dollars ($150.00) monthly hosting fee to be
paid by NCC. ICI will build an ICI banner and/or logo that NCC will
place on its home page, viewable by visitors that come from ICI's Web
site, that will allow visitors that come from ICI's Web site to return
to ICI's Web site, while they are inside NCC's Web site. ICI will use
best efforts to cross promote NCC's products and services on an ongoing
basis.
4. NCC RESPONSIBILITIES. NCC is to provide ICI NCC's Xxxxxxxxxxxxxx.xxx
Web site, and other valuable content in the form of products, services,
articles, reviews and the XxxxxxXxxxxx.xxx domain name, for the ICI Web
site. NCC will allow ICI banners and/or logos that will allow visitors
to NCC's Web site to enter ICI's Web site. The ICI logo/banner size on
NCC's site will be the same size or larger than any vendor on NCC's
site. NCC will use best efforts to promote ICI's Web site on an ongoing
basis.
5. REVENUE SHARING. For all NCC products sold via the XxxxxxXxxx.xxx
project, the parties agree that Gross Margins for products
that are sold via this Agreement shall be distributed with fifty (50%)
percent distributed to NCC and fifty (50%) percent distributed to ICI.
Gross Margin is defined as the gross revenue earned per item by NCC
minus the cost that NCC paid for that item minus returns, the hard
shipping costs to deliver that item to the end user or consumer. NCC
will provide an accurate list of product costs, and keep accurate
accounting of revenue distributions to ICI, and ICI shall have
reasonable audit rights to the books of NCC that relate to said
distributions. NCC, at its discretion may pay more than fifty percent
(50%) gross revenues on select items or promotions NCC creates and
offers to ICI. NCC will also use best efforts to cross promote ICI's
products and services on an ongoing basis. Above revenues are to be
paid to ICI on a monthly basis, by the fifth of each month, for sales
generated from the prior month.
6. CONTROL PERSONS. Each party hereto will appoint a single Control Person
who is responsible for all communication to and from the other party.
The initial NCC Control Person is Xxxxxxx Xxxxxxx and the initial ICI
Control Person is Xxxx Xxxxxxxxxx. These Control Persons may be changed
from time to time as deemed necessary. It is the Control Person's
responsibility to communicate the other party's request to his own
organization, to provide reports to the other party as necessary, to
provide a backup Control Person in his own absence and to track
projects for deadline and completion purposes.
7. CUSTOMER SERVICE. The parties hereto will develop Customer Service
procedures as this Strategic Alliance progresses. Complaints from any
visitor will be
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immediately communicated to both parties for timely solutions. At no
time shall one party be liable or responsible for the products or
services produced by the other party.
8. ORDER PROCESSING. NCC will be responsible for shipping, invoicing,
collecting and distributing, in a timely fashion, all NCC products and
services sold to visitors that come from ICI's Web site and purchase
NCC's products and services.
9. FEES. No up front fees are to be exchanged pursuant to this agreement,
without express written consent of both parties.
10. WEEKLY COMMUNICATION. On a weekly basis the Control Persons, and others
as deemed appropriate, shall effectively communicate the status of the
alliance.
11. MONTHLY REPORTS. On a monthly basis NCC shall prepare and present an
electronic and paper report detailing the state of the strategic
alliance, with an accounting of ICI sales of NCC products and services,
as well as results that are being generated from all cross promotional
efforts described in this document.
12. CAPTIONS. The captions, headings and arrangements used in this
Strategic Alliance Agreement are for convenience only and do not in any
way affect, limit, amplify, or modify the terms and provisions proposed
herein.
13. ASSIGNMENT. This Strategic Alliance is not assignable by either party
unless agreed to in writing by both parties.
14. TERM AND TERMINATION. The term of this Strategic Alliance shall be
structured in such a fashion as to exist in perpetuity, or as close to
this definition as is allowed by law. Either party may terminate this
Strategic Alliance Agreement with thirty (30) days written notice to
the other party at any time.
15. DEFAULTS AND REMEDIES. In the case of default, or upon the institution
of suit to enforce the rights and remedies by either party, then a
mediator shall immediately be appointed, with the usual powers of
mediators in such cases, to continue to act
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for such period of time as the mediator or the Court appointed said
mediator may deem just and proper.
The parties hereto have read and understand the terms and conditions
outlined herein and sign below to indicate their acceptance.
XxxxxXxxxxxxxx.xxx, Inc. XxxxxxXxxx.xxx, Inc.
/s/ XXXXXXX X. XXXXXXX /s/ XXXX XXXXXXXXXX
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By: Xxxxxxx X. Xxxxxxx, President By: Xxxx Xxxxxxxxxx, General Manager
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