Exhibit 10.25
THIS AGREEMENT is entered into on this 24 day of March 2000 by and between eNote.com, Inc., a
Delaware corporation with a registered address at 185 Allen Brook Lane, Williston, Vermont 05495, Delaware,
United States ("ENOTE"), and EESKY TELECOM a.s., a Czech joint stock company with a registered address
at Olsanska 5, Prague 3 130 00 ("TELECOM", and together with eNote, collectively, the "Parties" and each a
"Party" (including, possibly, a subsidiary of Party, as noted below)).
RECITALS
WHEREAS, eNote is engaged in the business of developing, manufacturing and marketing low cost Internet
appliances for consumers and businesses;
WHEREAS, eNote has developed TVemail(TM), a television based, non-interactive, low-cost, easy-to-use
appliance that allows customers access to email, news, information and shopping via the Internet without the need
for a PC or any Internet related know-how (the "SERVICE");
WHEREAS, eNote and Telecom desire to explore opportunities for cooperation in marketing and distributing the
Service in the Czech Republic and the Slovak Republic, with a view to potentially expanding the relationship to
market and distribute the Service in other countries throughout Central and Eastern Europe and beyond;
WHEREAS, pursuant to Section 269(2) of Act No. 513/1999 Coll., as amended, the Commercial Code of the
Czech Republic, the Parties have entered into this Agreement to set forth their mutual understandings in respect of
a possible transaction on the terms set forth herein;
NOW, THEREFORE, the Parties hereby agree as follows:
1. THE VENTURE. It is presently contemplated that the venture (the "VENTURE") would involve the Parties
cooperating in marketing and distributing the Service in the Territory on substantially the following terms and
conditions:
(a) THE TERRITORY. Initially, the Territory would be the Czech Republic and the Slovak Republic. The Parties
would negotiate to expand the Territory on mutually agreeable terms to include any or all of those countri