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Licensing Agreement Regarding DVD Distribution
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1)
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This agreement
is made as of this 20th day of
December , 2006 , by
and between NuTech Digital, Inc. a California
corporation located at P.O. Box 260678, Encino, California
91426-0678 (hereafter referred to as
“Licensor” ) and VCX Ltd.,
Inc. a Nevada Corporation located at 3430 Precision Drive,
North Las Vegas, NV 89032 (hereafter referred to as
“Licensee” ).
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2)
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Licensor hereby
grants to Licensee throughout North America (hereafter referred to
as “Territory”), the exclusive right to distribute and
sell the DVD’s, titles furnished as finished product
by Licensor only as listed on “Attachment A”
of this agreement, through the remainder of the licensing
agreements for North America as documented in “Attachment
A”.
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3)
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The whole,
subject to the following terms and conditions:
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A)
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“Titles” as used in this agreement
shall mean the sixty three (63) titles listed in “Attachment
A”.
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B)
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“Licensor” shall provide to
“Licensee” a current customer list with contact
information for all wholesale customers that have been sold the
titles in “Attachment A” in the last two
years.
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C)
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Both
“Licensor” and “Licensee” will make
separate announcements to the public and their customer base
detailing the fact that “Licensee” has acquired the
exclusive North American DVD distribution rights to the 63
titles.
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D)
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“Licensor” will retain the rights to
fulfill retail sales through it’s own websites.
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E)
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“Licensor” will not fulfill any
wholesale orders for the titles listed on “Attachment
A” of this agreement during the term of this agreement. Any
inquiries for said product will be referred to
“Licensee” during the term of this
agreement.
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