EXHIBIT 10.1
REVENUE SHARE AGREEMENT
This Revenue Sharing Agreement ("Agreement") is made as of October 20th, 2008, by and between SVC Cards, Inc., and/or its assigns (hereinafter "SVC"), 1830 S. Alma School Road, Suite
114, Mesa, Arizona 85210 and Oasis Online Technologies, Corp, and/or its assignees with offices at 4710 N Falcon Drive, Suite 213, Mesa, AZ 85215 (hereinafter "OASIS").
WHEREAS, OASIS and SVC are both in the business of providing
financial solutions to their respective customers, and desire to develop a long-term, close working relationship with the other to create additional business and to enhance existing programs as represented by OASIS and SVC to their respective customers.
WHEREAS, OASIS desires to enter into an agreement with SVC, so that OASIS can market the Card of America, Allow Card, Flex Wireless, Flex EFS, and Amerinet ACH. OASIS and SVC will execute such a Distribution Agreement for each program;
WHEREAS,
SVC is a consumer centric electronic transaction and card processing company. SVC performs the issuing and processing tasks of bank-centric processors, while offering a complete suite of customer support services. By contracting and servicing several
branded debit card products, SVC helps to create additional value by educating marketing partners in order to penetrate the consumer market through its online and retail networks. SVC's products serve all consumer markets including the unbanked, under-banked
and convenience users. By integrating its cards through these software providers, SVC is able to offer an integrated card solution throughout the industry and offer products and services to millions of consumers.
WHEREAS, SVC Cards, Inc., Allow
Card of America, Inc., Card of America, Inc., Flex Wireless, Inc. and Flex EFS are subsidiaries of COA Holdings, Inc.
WHEREAS, SVC offers its customers a variety of banking products and services, including but not limited to prepaid debit card
and related services, under its name and other brand names (collectively the "SVC Products");
WHEREAS, SVC markets the SVC Products in various ways, including, without limitation, through relationships such as the one being established by this
Agreement;
WHEREAS, Oasis has certain business relationships and industry connections which would allow Oasis to be able to successfully market and sell the products set forth in this Agreement.
WHEREAS, SVC and OASIS desire to work
together to the mutual benefit of the parties whereby OASIS shall distribute the SVC Products through Oasis' business contacts and relationships in multiple markets and specifically in the locations set forth in this Agreement;
NOW, THEREFORE,
in consideration of the mutual promises set forth herein, it is agreed by and between SVC and OASIS as follows:
ARTICLE I
GENERAL AGREEMENT
All of the recitals are incorporated herein as part of the agreement. The Parties agree to share revenue generated from the sale and continued use of the SVC products by
OASIS and or OASIS' customers and SVC customers referred to it by OASIS or for those sales generated in the Caribbean and Brazil.
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