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AGREEMENT

Cooperation Agreement

AGREEMENT | Document Parties: E-SMART TECHNOLOGIES INC | Mybi Co., LTD  | Samsung SDS Co., LTD You are currently viewing:
This Cooperation Agreement involves

E-SMART TECHNOLOGIES INC | Mybi Co., LTD | Samsung SDS Co., LTD

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Title: AGREEMENT
Date: 5/9/2005

AGREEMENT, Parties: e-smart technologies inc , mybi co.  ltd  , samsung sds co.  ltd
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Exhibit 10(q)

 

Agreement

 

December 3rd, 2004

 

e-Smart technologies, Inc.

 

Mybi Co., LTD

 

Samsung SDS Co., LTD

 


The following agreement (hereinafter “Agreement”) is signed and agreed by e-Smart technologies, Inc. (477, Madison, Ave. 12 th , Fl, New York, N.Y, 10022 hereinafter “e-Smart”), Mybi Co., LTD (Wooshin Building 12F 830-266, Beomll 2-dong, Dong-gu, Busan), and Samsung SDS Co., LTD (707-19 Yeoksam, Gangnam Seoul).

 

Article 1 Purpose of the Agreement

 

The Agreement is to define the scope of cooperation and other details in order to promote mutual cooperation and benefits of e-Smart, Samsung SDS and Mybi.

 

Article 2 Work Scope

 

The scope of cooperation (hereinafter “Cooperation Scope”) among “e-Smart”, “Mybi”, and “Samsung SDS” refers to Busan Metropolitan Healthcare Card System, and all other projects to deploy and setup user infrastructure of eSmart/Mybi Card within the business area of “Mybi”.

 

Article 3 Role Division

 

1 “e-Smart”, “Mybi”, and “Samsung SDS” will work and cooperate in good faith to achieve the objectives of the project.

 

2 “e-Smart” and “Mybi” will put “Mybi e-Cash” on top of “eSmart Card” (fingerprint recognition), and will do collaborative marketing activities within the business area of “Mybi” (hereinafter Mybi(e-Smart) Card).

 

3 Each party shall assume the following role.

 

A. “e-Smart”

 

 

1)

Distribution of “Mybi(e-Smart) Card” In a collective manner

 

 

2)

Investment into various online and offline Infrastructure for the use of “Mybi(e-Smart) Card”

 

 

3)

Collectively setup various online and offline infrastructure for the use of “Mybi(e-Smart) Card”

 

 

4)

Collective marketing activities to promote the use of “Mybi(e-Smart) Card”

 

 

5)

Collective development of additional services in relation to “Mybi(e-Smart) Card”

 


 

6)

Investment into the establishment of Busan Healthcare Web Portal project.

 

 

7)

Execution of contract with “Samsung SDS” without delay when member hospitals are fully selected for the phase 1 of Busan healthcare card project.

 

B. “Mybi”

 

 

1)

Best effort and support for the distribution of “Mybi(e-Smart) Card”

 

 

2)

Service fee distribution arising from the use of “Mybi(e-Smart) Card”

 

 

3)

Collection and clearance in relation to the use of “Mybi(e-Smart) Card”

 

 

4)

Collective setup of various online and offline infrastructure for the use of “Mybi(e-Smart) Card”.

 

 

5)

Collective development of various additional services in relation to “Mybi(e-Smart) Card”.

 

C. “Samsung SDS”

 

 

1)

Development and deploy of the system (server and SI requirements) that are needed for the Busan Healthcare Card Project.

 

 

2)

Mutual technical support and maint


 
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