ICHARGEIT, INC.
SALES AGENCY AGREEMENT
THIS SALES AGENCY AGREEMENT (Agreement) is entered into effect as of the
11th day of March, 1999, by and between Massiano de Milano, a Delaware
corporation (Principal) and iChargeit, Inc., a Nevada corporation (Agent).
In consideration of the mutual terms, conditions and covenants hereinafter set
forth, Principal and Agent agree as follows:
1. A) Principal appoints Agent as an authorized Internet sales
representative to sell the products of the Principal as listed in
the attached Schedule A.
B) Principal agrees to pay Agent $140 per month for site maintenance.
C) Principal agrees to afford the Agent the right to purchase 500,000
shares of Principal's publicly traded stock for .001 cents per
share if the stock is trading at $1.00 or more per share and if the
publicly traded stock is trading for less than $1.00 per share than
Agent may purchase the stock for .0001 cents per share, in exchange
for provision by the Agent of e-commerce enabled storefront to be a
featured store in the iChargeit.com cybermall. Principal will also
be included in the homepage rotation of featured products. Said
rotation is to be determined exclusively by Agent.
D) Principal agrees to allow Agent to publicly disseminate information
regarding Principal's presence in the cybermall.
2. Agent accepts the appointment and agrees to promote, market and
sell the products or services of the Principal at the prices set
forth in Schedule A. Said prices have been set by Principal and
marked up by Agent.
3. The parties agree that the list of products, services and/or prices
may be amended from time to time. Principal or Agent may
unilaterally remove products from the list or change prices.
Additions to the product list shall be by mutual Agreement.
4. Principal shall furnish to Agent, in advance, sales materials for
the products listed on Schedule A and shall keep material up to
date. Principal agrees to provide a minimum of products on hand or
else the shopping cart will cease to function so that sale will cease.
5. Agent shall use it's best efforts to promote, market and sell the
products of Schedule A, devote such time and attention as may be
reasonably necessary. Agent shall design end maintain a web page
for the Principal, which shall be utilized for the Internet sales.
Ownership and control of the web page is solely that of the Agent.
6. Agent shall obtain, at its own expense, all necessary licenses and
permits to allow Agent to conduct business as contemplated herein.
Agent represents and warrants that Agent shall conduct business in
strict conformity with all local, state and federal laws, rule and regulations.
7. Principal agrees that Agent may employ representatives in
furtherance of this Agreement. Agent agrees that Agent shall be
solely responsible for the payment of wages or commissions to those
representatives and that under no circumstances shall Agent's
representatives be deemed employees of the Principal for any purpose whatsoever.
8. This Agreement shall be for a period of two years unless sooner
terminated by either party upon sixty (60) days written notice,
without cause. Agent is not responsible for refunding any fees or
costs if Principal terminates the Agreement.
9. Agent is an independent contractor and nothing contained in this
Agreement shall be deemed or interpreted to constitute the Agent as
a partner or employee of the Principal. Nor shall either party
have any authority to bind the other party in any respect. It
being understood and agreed that all orders submitted by Agent are
subject to acceptance by Principal in its sole discretion.
10. Principal is solely responsible for merchantability and safety of
the product(s) or services being sold. Principal is solely
responsible for all representations and warrantees concerning the
products or services. If the product or service is defective, or
causes injuries, losses or harm, Principal agrees to indemnify and
defend Agent, its officers, its principals and its employees for
all claims related to the products or services. Principal agrees to
maintain a contract of insurance to protect against such claims and
agrees to name Agent as an insured on the policy.
11. There is potential that the Year 2000 (A.K.A. Y2K) problems may
cause malfunctions with the Internet. Agent is not responsible for
any Y2K problems or down time. Agent is not responsible for any
business related losses caused by Y2K problems.
12. Principal is responsible for all representations made on the web
site regarding Principal's products or services. Principal is
responsible for confirming the accuracy of all representations on
the web site including prices or price changes.
13. The amount of text and artwork devoted to the web page is not
infinite, nor are changes to the web page. Schedule B sets forth
the amount of space given to Principal and the number of changes allowable.
14. It is agreed between the parties that there are no other Agreements
or understandings between them relating to the subject matter of
this Agreement. This Agreement supersedes all prior Agreements,
oral or written, between the parties and is intended as a complete
and exclusive statement of the Agreement between the parties. No
change or modification of this Agreement shall be valid unless the
same is in writing and signed by the parties.
15. This Agreement shall not be assigned by Agent or Principal without
the prior written consent of the other. 2
16. All notices required or permitted to be given hereunder shall be in
writing and may be delivered personally or by Certified Mail Return
Receipt Requested, postage prepaid, addressed to the party's last
known address.
17. This Agreement shall be construed in accordance with and governed
by the laws of the State of Nevada.
18. This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective heirs, executors,
administrators, legal representatives, successors and assigns where
permitted in this Agreement.
19. If any one or more of the provisions contained in this Agreement
for any reason are held invalid, illegal, or unenforceable in any
respect, such invalidity, illegality or unenforceability shall not
affect any provisions thereof and this Agreement will be construed
as if such invalid, illegal or unenforceable provisions had never
been contained herein.
IN WITNESS WHEREOF, the parties hereto have caused this AGREEMENT to be executed
effective under proper authority as of the date and year first above written.
/s/ (illegible) 3/11/99
- ----------------------------------- -----------
Principal/ Massiano de Milano Date
/s/ Jesse Cohen 3/11/99
- ----------------------------------- -----------
iChargeit, Inc. Date 3
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FAQs
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