EXHIBIT 10.17


                    LICENSE AGREEMENT BETWEEN KOKI NAGASHIMA
                      AND GLOBAL ASSETS AND SERVICES INC.

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                                LICENSE AGREEMENT

    THIS LICENSE AGREEMENT, including the exhibits referred to herein and
    attached hereto (the "Agreement"), effective as of 25th day of August 2003
    (the "Effective Date"), is entered into between Koki Nagashima, a Japanese
    individual, Global Assets and Services Inc., a Florida Corporation and Epond
    Inc.

                                    Recitals

    A. Koki Nagashima (hereafter called NAGASHIMA), the Patentee of the
     international patent application No. PCT/JP02/00019(PCT WO 03/058471 Al)
     for "INFORMATION SYSTEM USING PCMCIA CARD, FUTURE-GENERATION DISTRIBUTION
     SYSTEM, AND ITS PRINCIPLE"(hereafter called INVENTION) with The
     International Bureau of WIPO are the individual residing at 3-12-48
     Shinjuku, Zushi-Shi, Kanagawa-Ken, Japan. (See the Exhibit A for the
     pending Patent Description.)

    B. NAGASHIMA, inventor of "INVENTION" is the individual residing the address
       indicated in Article A.


    C. Global Assets and Services, Inc., a Florida corporation (hereinafter
       called GAS) publicly traded on the NASDAQ OTCBB under the symbol "GAST"
       has its principle place of business at 1514 1/2 E 8th Avenue Suite 5
       Tampa, Florida 33606 USA




          NOW, THEREFORE, in consideration of the mutual covenants and
    obligations set forth herein, and for other good and valuable consideration,
    the receipt and sufficiency of which is hereby acknowledged and hereby agree
    as follows:


1.       DEFINITIONS

           As used in this Agreement, the following terms shall have the
meanings indicated:

          1.1.  "Confidential  Information"  shall have the meaning set forth in
          Section 10.1 below.

          1.2  "Improvements"  shall mean the  improvements,  modifications,  or
          enhance- ments to the Licensed Patent.


         1.3. "Licensed Patent" shall mean those patent, inventors' certificates
         and patent applications, together with any renewal, division,
         continuation, continued prosecution application or continuation-in-part
         of any of such patents, certificates and applications, any and all

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         patents or certificates of invention issuing thereon, and any and all
         reissues, reexamination, extensions, divisions, renewals of or to any
         of the foregoing, and any foreign counterparts of any of the foregoing.

         1.4. "Sublicensee(s)" shall mean any third party to whom Licensee has
         sublicensed any or all of the rights in, to and under the Licensed
         Patent licensed to Licensee hereunder.



         1.5. "Licensor" shall mean the following parties: Koki Nagashima.


         1.6.  "Licensee" shall mean the following party: Global Assets &
         Services, Inc.




2.  ASSIGNMENT OF RIGHTS AND COMPENSATION

         2.1 NAGASHIMA will receive new 750,000 restricted shares of  GAS to be
         issued.

         2.2 GAS will have the exclusive rights for the licensed patent and its
         pertained rights to produce and sell product using INVENTION in all
         known nations and territories in the world.

         2.3 NAGASHIMA will receive 57.1% of license fees of the licensed patent
         which GAS would receive from sublicensee(s).


3.       LICENSES


        3.1 License Grant. Subject to the terms and conditions of this
         Agreement, Licensor hereby grant to Licensee, GAS exclusive license,
         including the right to grant sublicenses in accordance with Section
         3.2.

        3.2. Sublicenses. Subject to the terms and conditions of this Agreement,
         Licensee shall have the right to sublicense any or all of the rights
         granted to Licensee under Section 3.1, provided that any such
         sublicense shall be made pursuant to a binding and written agreement
         which protects the Licensors' interests and rights in its proprietary
         information and intellectual property to at least the same extent as
         this Agreement.


 4    PAYMENTS AND RELATED OBLIGATIONS


         4.1 Payment Terms.GAS will pay 57.1% of the license fees to NAGASHIMA.
         Such payment shall take place by the end of the subsequent month, and
         shall be payable in Yen.

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         4.2. Taxes. All parties shall be responsible for all appropriate taxes
         and shall indemnify and hold harmless each other.

         4.3.  Inspection of Books and Records.  NAGASHIMA has the right to
         review books and records pertaining to the license fees of GAS.


5.   IMPROVEMENTS AND JOINT INVENTIONS .


         5.1. Disclosure. As soon as reasonably possible, either upon creation,
         development of an Improvement or conception or reduction to practice of
         a Joint Invention, as the case may be, each party shall disclose the
         same in writing to the other. All such disclosures shall be maintained
         in confidence by the receiving party.



         5.2. Improvements. the event that Licensee develops or creates
         Improvements, and subject to the terms and conditions of this
         Agreement, Licensee agrees to grant and hereby grants to the Licensors,
         sublicensable, no cancelable, right and license, under Licensee's
         right, title and interest to and under the Improvements to make, use,
         sell, distribute, offer to sell, import and export such Improvements
         (and to have such rights exercised on the Licensors, behalf by third
         parties) outside the Field.



6.       PATENT MAINTENANCE AND ENFORCEMENT

         6.1.         Patent Enforcement.

         6.1.1. If either party hereto becomes aware that any Licensed Patent or
         Joint Patents are being or have been infringed by any third party in
         the Field, such party shall promptly notify the other party hereto in
         writing initial right, but not the obligation, as to Licensee to
         institute, prosecute and control any action, suit or proceeding (an
         "Action") with respect to such infringement in the Field, including any
         declaratory judgment action, at its expense, using counsel of its
         choice and Licensee shall cooperate reasonably with Licensors.

         6.1.2  In the event Licensors fail to initiate any Action involving the
         Licensed Patents or Joint Patents within 30 days of receiving notice of
         any commercially significant infringement, Licensee shall have the
         right, but not the obligation, to initiate and/or maintain such Action
         at its expense, and Licensor shall cooperate reasonably with Licensee,
         at Licensee's request.

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         6.1.  Cooperation. In any Action, the parties shall provide each other
         with reasonable cooperation and assistance, including agreeing to be
         named as a party to such Action, and, upon the request and at the
         expense of the party bringing such Action, the other party shall make
         available, at reasonable times and under appropriate conditions, all
         relevant personnel, records, papers, information, samples, specimens,
         and the like in its possession. Notwithstanding any other provision of
         this Article 6, neither party shall make any settlements of any suit,
         proceeding or action relating to an infringement of any Licensed
         Patents in the Field or Joint Patents that would materially and adverse
         -ly affect the other party or the rights and licenses granted hereunder
         without first obtaining such other party's prior written consent, such
         consent not to be unreasonably withheld or delayed.



7.   REPRESENTATIONS, WARRANTIES AND COVENANTS

          7.1. Representations,  Warranties and Covenants of Licensor represents
          and warrants that, as of the Effective Date:

          7.1.1.  NAGIASHIMA has the right and authority to grant the rights and
          'Licenses granted to Licensee under this Agreement.


          7.2. Representations,  Warranties and Covenants of Licensee.  Licensee
          represents warrants and covenants that, as of the Effective Date:


          7.2.1. Licensee is corporation, duly organized validly existing and in
          good standing under the laws of its state of incorporation;

          7.2.2.  The execution,  delivery and performance of this Agreement has
          been duly authorized by all necessary  corporate action on the part of
          Licensees; and

          7.2.3.  Licensee  will not  practice any of the rights in, to or under
          the Licensed Patents or Joint Patents outside of the Field.

          7.3. Nothing in this Agreement shall be construed as conferring, by
          implication, or otherwise, any license or rights under any patents of
          the Licensors other than the Licensed Patents, regardless of whether
          such patents are dominant or subordinate to the Licensed Patents.



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          7.4. Disclaimer. EXCEPT AS EXPRESSLY PROVIDED FOR IN THIS AGREEMENT,
          NEITHER PARTY MAKES, AND EACH PARTY HEREBY DISCLAIMS, ANY AND ALL
          REPRESENTATIONS AND WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, WITH
          RESPECT TO THE SUBJECT MATTER OF THIS AGREEMENT, INCLUDING WITHOUT
          LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
          PURPOSE AND NONINFRINGEMENT AND ANY WARRANTY ARISING OUT OF PRIOR
          COURSE OF DEALING AND USAGE OF TRADE.

 8.       INDEMNIFICATION

         Indemnity. Licensee shall indemnify, defend and hold harmless
         Licensors, and its directors, officers, employees, agents and
         consultants (each an "Indemnities") from and against any and all
         liabilities, damages, losses, costs or expenses (including reasonable
         attorneys' and professional fees and other expenses of litigation
         and/or arbitration) (a "Liability") resulting -from or arising out of a
         claim, suit or proceeding brought by a third party against an
         Indemnities for personal injury, death, product liability or property
         damage arising out of or related to the manufacture, use, or sale of
         Licensed Products except to the extent such claim is caused by the
         gross negligence or willful misconduct of the Licensors.




 9.       TERMS OF CONTRACT

         Terms. The term of this Agreement shall commence on the Effective Date
         and continue in full force and effect until expiration or termination
         on November 27, 2018.




 10.  CONFIDENTIAL INFORMATION

         10.1. Confidentiality. In connection with this Agreement, the parties
         will provide to each other Confidential Information, including but not
         limited to each party's know-how, invention disclosures, proprietary
         materials and/or technologies, economic information, business or
         research strategies, trade secrets and material embodiments thereof. As
         used herein, "Confidential Information" means any information of a
         confidential or proprietary nature disclosed by a party to this
         Agreement to the other party in written or oral form.

         10.2  Legal Disclosure. It shall not be a violation of
         this Article 10 to disclose Confidential Information required to be
         disclosed under applicable law, but such disclosure shall be only for
         the sole purpose of and solely to the extent required by such law, and
         provided that the recipient, to the extent possible, shall give the
         disclosing party prior written notice of the proposed disclosure and
         cooperate fully with the disclosing party to minimize the scope of any
         such required disclosure, to the extent possible and in accordance with
         applicable law.

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 11. MISCELLANEOUS


          11.1.  Press  Releases.  The  parties may agree to issue a joint press
          release upon execution of this Agreement or as promptly as practicable
          thereafter. The content of any such joint press release will be agreed
          upon by both parties.


          11.2.  Governing  Law.  This  Agreement  shall  be  governed  by,  and
          construed and interpreted, in accordance with the internal laws of the
          State of Florida.


          11.3.  Export  Regulations.  Licensee  agrees that this  Agreement  is
          subject  in all  respects  to the laws and  regulations  of the United
          States of America, including the Export Administration Act of 1979, as
          amended, and any regulations there under.

          11.4.  Limitation  of  Liability.  EXCEPT WITH RESPECT TO EACH PARTY'S
          INDEMNITY OBLIGATIONS UNDER ARTICLE 8 AND CONFIDENTIALITY  OBLIGATIONS
          UNDER  ARTICLE  10,  IN NO EVENT  SHALL  EITHER  PARTY BE  LIABLE  FOR
          INCIDENTAL,  CONSEQUENTIAL,  INDIRECT,  PUNITIVE OR SPECIAL DAMAGES OF
          THE OTHER PARTY ARISING OUT OF OR RELATED TO THIS  AGREEMENT,  HOWEVER
          CAUSED,  UNDER  ANY  THEORY  OF  LIABILITY  EVEN  IF  ADVISED  OF  THE
          POSSIBILITY OF SUCH DAMAGES.

          11.5. Arbitration. All disputes arising between the parties under this
          Agreement  will be settled by  arbitration  conducted  in the  English
          language in accordance  with the Commercial  Arbitration  Rules of the
          American Arbitration Association. The parties will cooperate with each
          other  in  causing  the  arbitration  to be held in as  efficient  and
          expeditious  a  manner  as  practicable.  Any  arbitration  proceeding
          instituted  under  this  Agreement  will  be  brought  in  a  mutually
          agreeable  neutral  territory.  Any award rendered by the  arbitrators
          will be final and binding upon the parties  hereto.  Judgment upon the
          award maybe entered in any court of record of competent  jurisdiction.
          Each party will pay its own expenses of  arbitration  and the expenses
          of the  arbitrators  will be equally  shared  unless  the  arbitrators
          assess  as part of  their  award  all or any  part of the  arbitration
          expenses of one party (including  reasonable  attorneys' fees) against
          the other party. Each party irrevocably and  unconditionally  consents
          to the  jurisdiction  of any such  proceeding and waives any objection
          that it may have to  personal  jurisdiction  or the laying of venue of
          any such proceeding.




          11.6.  Force Majeure.  Neither party shall be held responsible for any
          delay or failure in performance  (with the exception of the payment of
          money)   hereunder  to  the  extent  caused  by  strikes,   embargoes,
          unexpected  government  requirements,  civil or military  authorities,

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          acts of God,  earthquake,  or by the  public  enemy  or  other  causes
          reasonably  beyond such party's control and without such party's fault
          or   negligence;   provided  that  the  affected  party  notifies  the
          unaffected  party  as  soon  as  reasonably   possible,   and  resumes
          performance   hereunder  as  soon  as  reasonably  possible  following
          cessation of such force majeure event.



         11.7. Independent Contractors. The relationship of the Licensors and
         Licensee established by this Agreement is that of independent
         contractors. Nothing in this Agreement shall be constructed to create
         any other relationship between the Licensors and Licensee. Neither
         party shall have any right, power or authority to bind the other or
         assume, create or incur any expense, liability or obligation, express
         or implied, on behalf of the other.




         11.8.   Assignment. The parties agree that their rights
         and obligations under this Agreement may not be transferred or assigned
         to a third party without the prior written consent of the other party
         hereto. Notwithstanding the foregoing, a party may transfer or assign
         its rights and obligations under this Agreement, without consent, to a
         successor to all or substantially all of its business or assets
         relating to this Agreement whether by sale, merger, operation of law or
         otherwise.




         11.8.1 In the event that NAGASHIMA loses the patent right for any
         reason, GAS will retain, per this agreement, all rights pertaining to
         the manufacture, sales, and distribution of product using INNOVATION
         based upon the Licensed Patent in the all known nations and
         territories.


         11.9. Notices. Any notice, report, communication or consent required or
         permitted by this Agreement shall be in writing and shall he sent (a)
         by prepaid registered or certified mail, return receipt requested, (b)
         by overnight express delivery service by a nationally recognized
         courier, or (c) via confirmed facsimile or telecopy, followed within
         five (5) days by a copy mailed in the preceding manner, addressed to
         the other party at the address shown below or at such other address for
         which such party gives notice hereunder. Such notice will be deemed to
         have been given when delivered or, if delivery is not accomplished by
         some fault of the addressee, when tendered.


         Koki Nagashima
         3-12-48 Shinjuku, Zushi-Shi, Kanagawa-Ken, Japan


         Global Assets and Services, Inc.
         1514 1/2 E 8th Avenue Suite 5 Tampa, FL 33605 USA

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          11.10.  Modification;  Waiver.  This  Agreement  may  not be  altered,
          amended  or  modified  in any way  except by a  writing  signed by all
          parties.


          11.11. Entire Agreement. The parties hereto acknowledge that this
          Agreement, together with the exhibits attached hereto, set forth the
          entire agreement and understanding of the parties as to the subject
          matter hereto, and supersedes all prior and contemporaneous
          discussions, agreements and writings in respect hereto.

          11.12. Headings. The article, section and paragraph headings contained
          herein are for the purposes of convenience  only and are riot intended
          to  define  or  limit  the  contents  of  the  articles,  sections  or
          paragraphs to which such headings apply.


          11.13.  Counterparts.  This  Agreement  may be executed in two or more
          counterparts,  each of which  shall be deemed an  original  and all of
          which together shall constitute one instrument.


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                                    EXHIBIT A



                          Description of License Patent





1. International  Patent Pending Number  PCT/JP021/00019  With The International
Bureau of WIPO at 34, chemin des Colombettes, 1211 Geneva 20, Switzerland




2. PCT NO.: WO 03/058471 Al





3. Title: INFORMATION  DISTRIBUTION SYSTEM USING PCMCIA CARD,  FUTURE-GENERATION
DISTRIBUTION SYSTEM AND ITS PRINCIPLE