Dated this 1st day of January 1998 MOMENTUM INTERNET INC.
and
CROSSBOW CONSULTANTS LIMITED
AGREEMENT
Xxxxxxx & Xxxxx
16"' Floor On Hing Building
No. I On Hing Terrace
Central
Hong Kong
Tel. No.: 0000 0000
AN AGREEMENT made the 1st day of January One Thousand
Nine Hundred Ninety-Eight
BETWEEN
MOMENTUM INTERNET INC. whose registered address is situate at P.O. Box
957, Offshore Incorporated Centre, Road Town, Tortola, British Virgin Islands
(hereinafter called "MII") of the one part and
CROSSBOW CONSULTANTS LIMITED whose registered address is situate at P.O. Box
957, Offshore Incorporated Centre, Road Town, Tortola, British Virgin Islands
(hereinafter called "the Consultant") of the other part.
WHEREBY IT IS AGREED as follows:-
1) MII engages the Consultant to provide all administrative, promotional
and technical support services to enable M11 to carry on business as
an internet publishing and marketing company as effectively as
possible on the following, terms and conditions.
2) The Consultant agrees:
(a) To assist in the internet publishing and marketing of products
of MII which include Swiftrade, M Finance, PINmail, MediaHits,
Search Dragon and others to be added from time to time;
(b) To provide professional, administrative and technical
assistance required in relation to the holding of internet
assets, to assist in the acquiring of equipment and machinery
including computers and at the direction of M11 the training of
personnel in relation thereto;
(c) To undertake any other action necessary, and which it can
reasonably provide, to enable MII to continue in operation with
adequate administrative and technical support.
3) M11 agrees to pay the Consultant a service fee of US$10,000 per month
for the period from 1st January 1998 up to 31st December 1998.
Thereafter the fee for each succeeding year shall be agreed during the
three months prior to I" January of every succeeding year with
provision for renegotiation during the currency of any particular year
if rising costs due to inflation or changed circumstances warrant. In
the event that agreement on the service fee cannot be reached before
1st January of any particular year this Agreement shall terminate
three months after that date.
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4) The terms of this Agreement shall commence on 1st January 1998 up to
31st December 1998 and shall be renewed automatically unless either
party shall have given at least one month's notice in writing to
terminate this Agreement.
IN WITNESS whereof the parties have hereunto set their hands the day and year
first above written.
SIGNED by Xxxxx Xxxxxx Xxxxx )
for and on behalf of ) /s/
Momentum Internet Inc. )
in the presence of, )
SIGNED by Xxxxxxx Xxxxxxx Xxxxx )
for and on behalf of ) /s/
Crossbow Consultants Limited )
in the presence of, )
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