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To: StockDung who wrote (5206)	10/10/2003 7:51:09 PM
From: Tommy Hicks	Read Replies (1) \| Respond to of 12465

secinfo.com Will-Shown On December 5, 2000, we entered into a license agreement with Will-Shown Technology Company, Ltd. ("Will-Shown"), granting Will-Shown a nonexclusive, nontransferable worldwide license to incorporate MediaCloQ(tm) into its CD products. The license is exclusive only as it relates to artists that Will-Shown promotes and distributes pursuant to a written exclusive recording agreement with such artists. As a condition to Will-Shown's rights arising under this license, Will-Shown must pay a $40,000 advanced royalty, and will pay a three percent (3%) royalty on the net factory sales price on each unit sold incorporating MediaCloQ(tm) , but in no event shall we receive a royalty of less than twenty cents ($0.20) for each unit sold. Payment shall be calculated on a monthly basis and shall be paid within thirty (30) days from the end of each prior month. The initial term of the license is seven (7) years with three (3) consecutive option periods of two (2) years each, beginning at the end of the initial term. Each option is subject to meeting the minimum performance requirements described above. See Exhibit 10.07. Will-Shown has not yet paid the advanced royalty of $40,000, and the Company and Will-Shown have each mutually agreed to defer the effective date of the license agreement so we may focus our efforts on the domestic market.