EX-10.6
from 8-K
3 pages
1. That Wcv Currently Has a Distribution Agreement With Ves to Purchase 1000 Kiosks at a Fixed Cost Not to Exceed $2,500 Per Kiosk and to Install Them in Pre-Agreed Locations in the United States. 2. That, Based Upon Verified Information Received by You and/or Wcv, Each Kiosk Has the Potential to Generate Net Income of Approximately $1,000 Per Kiosk Per Month. 3. That Each Kiosk Comes Preloaded With Licensed and Authorized Software From Ves. 4. Aside From a Monthly Maintenance Fee Payable to Ves of $300 Per Month, Per Machine, for Maintenance, Upkeep and Software Updates, There Are No Other Operating Expenses or Fees to Operate the Kiosks at Their Locations. 5. That the Owner of Each of the Locations Where the Kiosks Will Be Installed and in Operation (Referred to in This Letter as the “Location Owner”) Is Entitled to Receive 50% of the Net Income (After Deducting the $300 Monthly Maintenance Fee) Generated by the Kiosk. 6. That, Pursuant to the Distribution Agreement, Wcv Is Solely Responsible for Receiving Revenue Due From the Kiosk From the Location Owner via Ach Debit and Distribution of the Location Owner’s Share to the Location Owner
12/34/56