ShieldZone Agreement CareFit USA
SHIELDZONE
ShieldZone
Agreement CareFit USA
ShieldZone
Corporation agrees to the following partnership between ShieldZone and CareFit
USA:
ShieldZone
Corporation hereby grants the exclusive marketing, distribution and retail
rights to market ShieldZone products, including the invisibleSHIELD, to CareFit
USA for the country of Japan.
ShieldZone
will maintain exclusive website rights for Japan, but will allow CareFit to
have
the exclusive marketing rights for that website, based on criteria and revenue
share that is yet to be determined and outlined.
These
rights shall commence Oct. 3, 2006 and will be reviewed every six months, based
on reaching certain pre-determined milestones. The milestones for the first
six
months are as follows:
1.
CareFit USA will have 1 retail location open in Tokyo Dec. 1, 2006 and by June
of 2007 will have 20 retail locations within Japan.
2. CareFit
USA will have 1 manufacturing relationship within Japan by February
2007.
3.
Gross
Revenue projections are $100,000 per month by Feb. 1, 2007 and are $500,000
per
month by July 2007.
Revenue
Share
CareFit
USA will revenue share with ShieldZone a standard 35% on all gross revenues
from
the retailing and reselling of the ShieldZone products and services in Japan.
This revenue share will be determined and paid monthly. Pricing and revenue
share for a manufacturing partnership and web sales will be discussed between
CareFit USA and Shield Zone Corporation.
These
rights are not transferable, unless ShieldZone agrees in writing to transfer
these rights.
/s/
▇▇▇▇▇▇▇ ▇. Chipping
▇▇▇▇▇▇▇
▇. Chipping October 3, 2006
President
& Founder ShieldZone
/s/
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▇▇▇▇▇▇▇▇ ▇▇ October 3, 2006
Chairman
& CEO ShieldZone
/s/
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▇▇▇▇▇ October 3, 2006
Director
CareFit USA
ShieldZone
Corporation ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ office
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