DISTRIBUTOR AGREEMENT
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Terms and Conditions
This AGREEMENT is effective as of May 10, 1999, between Digital Video Display
Technology Corp. (DVDT), a Nevada corporation with an address for notices set
forth in Section 6 hereof, and Software Control Systems International Inc.
(SCSI) an Alberta corporation, with an address for notice as set forth in
Section 6 hereof.
1. DIstribution Rights
(a) DVDT as per the licensing agreement grants the Distributor the right to
act as the distribution agent with respect to the sale of DVDT juke system
products (Products) within the agreed upon territory in attachment 1.
(b) SCSI and DVDT agree that for all purposes hereunder SCSI is, and shall
be deemed to be, the exclusive distributor for the territory in attachment I
(c) SCSI has signed a letter of Intent with the Winfield Group ("affiliate")
to Joint Venture the systems in the territory.
2. Purchase of and payment for products
(a) SCSI agrees to purchase from DVDT and DVDT agrees to sell to SCSI,
Products at the terms below.
(i) Final price has yet to be determined
(ii) Standard payment terms are net 60 from the date of invoice, F. 0. B.
manufacturing plant.
(iii) DVDT will supply to SCSI and its affiliate 500 systems at a maximum price
of $7,500.00 that may be paid in full or at the rate of $150.00 per month for 60
months. These systems are to be placed with the affiliate's subsidiary company
"Inter State Amusements" and its locations.
3. Warranty
To be determined at a later date
4. Content
DVDT will be the exclusive supplier of the entertainment and advertising content
and the content will remain the property of DVDT.'
5. Royalties
DVDT shall be responsible for any and all royalties as it relates
to the content.
6. Advertising Revenue
(a) 25 % of advertising revenue will paid to SCSI and its affiliates until
all systems are fully paid for after which 50% of all advertising revenue will
be paid to SCSI and its affiliates
7. Coupon Dispensing
(a) to be determined at a later date
8. Content Provider
(a) Entertainment content will be supplied at a network cost of $100.00 per
month per system any additional content charges will be added to this cost.
Billing is to be determined at a later date.
9. E-Commerce
(a) to be determined
10. Service and Support
(a) Service will be supplied by Decision One or a like and similar provider
11. Coin Drop Revenue
(a) All coin drop revenue will be SCSI's or its affiliates
12. Notices
(a) All notices demands, and statements shall be deemed to have been
sufficiently served if sent to the party at the address below or at such address
as may be supplied.
If To DVDT
Digital Video Display Technology Corp.
do The Xxxxxxxx Xxxx
1065 Avenue of the Americas
Xxx Xxxx, Xxx Xxxx
X.X.X. 00000
Attn: Xxxxxxx Xxxx
If To SCSI
Software Control Systems International Inc.
#000-0000 Xx.0 Xxxx
Xxxxxxxx, X.X.
Xxxxxx X0X 0X0
Attn: Xxxxxx Xxxxxxx
(b) This agreement shall be construed in all respects and for all purposes in
accordance with the laws of the State of New York and subject solely to the
jurisdiction of the courts of the State of New York.
IN WITNESS WHEREOF. the parties have caused this Agreement to be
signed as of the first day and year written above.
Digital Video Display Corp. Software Control Systems International
Inc.
/s/ Xxx Xxxxxxxxx, President /s/ Xxxxxx Xxxxxxx, President
Distribution Territory:
The Country Of: Canada
And The States of:
Washington
Oregon
Hawaii
Montana
Idaho
Alaska
