Document:

EX-10.4

McKESSON CORPORATION

2005 MANAGEMENT INCENTIVE PLAN

	 	A.	 	NAME; EFFECTIVE TIME

The name of this plan is the McKesson Corporation 2005 Management Incentive Plan. The Plan
replaces in its entirety the Company’s 1989 Management Incentive Plan. The Plan is effective,
subject to approval by the Company’s stockholders, for fiscal years of the Company commencing on
and after April 1, 2005.

	 	B.	 	PURPOSE

The purpose of the Plan is to advance and promote the interests of the Company and its
stockholders by providing performance-based incentives to certain employees and to motivate those
employees to set and achieve above-average financial and non-financial objectives.

	 	C.	 	ADMINISTRATION

The Committee shall have full power and authority, subject to the provisions of the Plan, (i)
to designate employees as Participants, (ii) to add and delete employees from the list of
designated Participants, (iii) to establish Individual Target Awards for Participants, (iv) to
establish performance goals upon achievement of which the Individual Target Awards will be based,
and (v) to take all action in connection with the foregoing or in relation to the Plan as it deems
necessary or advisable. Decisions and selections of the Committee shall be made by a majority of
its members and, if made pursuant to the provisions of the Plan, shall be final.

Notwithstanding the foregoing, the Committee may delegate to the Chief Executive Officer (the
“CEO”) the power and authority, subject to the provisions of the Plan, (i) to designate employees
who are not members of the Officer Group as Participants, (ii) to recommend members of the Officer
Group to the Committee for designation as Participants; provided that the Committee shall review
and approve members of the Officer Group as Plan Participants recommended by the CEO, (iii) to add
and delete employees who are not members of the Officer Group from the list of designated
Participants, (iv) to establish Individual Target Awards for Participants who are not members of
the Officer Group, (v) to establish performance goals upon achievement of which such Individual
Target Awards will be based, and (vi) to review and approve, modify or disapprove, or otherwise
adjust or determine the amount, if any, to be paid to Participants who are not members of the
Officer Group for the applicable Plan Year based on such Participants’ performance goals and
individual performance. In addition to the forgoing, the CEO may further delegate his authority to
other executive offices of the Company, except that the CEO may not delegate his authority to
recommend members of the Officer Group to the Committee for designation as Participants.
References to the Committee herein shall include references to the CEO and his designees to the
extent that the Committee has delegated power and authority under the Plan to the CEO and to the
extent that the CEO has further delegated power and authority under the Plan to other executive
officers of the Company.

The Committee may promulgate such rules and regulations as it deems necessary for the proper
administration of the Plan and the CEO (but not his designees) may promulgate rules and regulations
as he deems necessary for the proper administration of the Plan with respect to Participants who
are not members of the Officer Group. The Committee may interpret the provisions and supervise the
administration of the Plan, and take all action in connection therewith or in relation to the Plan
as it deems necessary or advisable. The interpretation and construction by the Committee of any
provision of the Plan or of any award shall be final.

	 	D.	 	PARTICIPATION

	 	1.	 	Eligibility — Executives, Managers and Professionals

Only active employees of the Company who are employed in an executive, managerial or
professional capacity may be designated as Participants under the Plan.

	 	2.	 	Designation of Participants

No person shall be entitled to any award under the Plan for any Plan Year unless he or she is
so designated as a Participant for that Plan Year.

	 	E.	 	INDIVIDUAL TARGET AWARDS FOR PARTICIPANTS

At the beginning of each Plan Year, the Committee shall establish an Individual Target Award
for each Participant. An Individual Target Award shall only be a target and the amount of the
target may or may not be paid to the Participant. Establishment of an Individual Target Award for
an employee for any Plan Year shall not imply or require that an Individual Target Award or an
Individual Target Award at any specified level will be set for any subsequent year. The amount of
any actual award paid to any Participant may be greater or less than this target. As set forth in
paragraph G.4 below (but subject to the limitations applicable to Covered Employees contained in
Article H), the actual award may be as much as three times target or as low as zero for any Plan
Year.

	 	F.	 	BASIS OF AWARDS

	 	1.	 	Performance Goals

The Committee shall establish measures, which may include financial and non-financial
objectives (“Performance Goals”) for each segment of the Company. These Performance Goals shall be
determined by the Committee in advance of each Plan Year or within such period as may be permitted
by the regulations issued under Section 162(m), and to the extent that awards are paid to Covered
Employees, the performance criteria to be used shall be any of the following, either alone or in
any combination, which may be expressed with respect to the Company or one or more operating units
or groups, as the Committee may determine: cash flow; cash flow from operations; total earnings;
earnings per share, diluted or basic; earnings per share from continuing operations, diluted or
basic; earnings before interest and taxes; earnings before interest, taxes, depreciation, and
amortization; earnings from operations; net asset turnover; inventory turnover; capital
expenditures; net earnings; operating earnings; gross or operating margin; debt; working capital;
return on equity; return on net assets; return on total assets; return on investment; return on
capital; return on committed capital; return on invested capital; return on sales; net or gross
sales; market share; economic value added; cost of capital; change in assets; expense reduction
levels; debt reduction; productivity; stock price; customer satisfaction; employee satisfaction;
and total shareholder return.

	 	2.	 	Adjustment of Performance Goals

Performance Goals may be determined on an absolute basis or relative to internal goals or
relative to levels attained in prior years or related to other companies or indices or as ratios
expressing relationships between two or more Performance Goals. In addition, Performance Goals may
be based upon the attainment of specified levels of Company performance under one or more of the
measures described above relative to the performance of other corporations. The Committee shall
specify the manner of adjustment of any Performance Goal to the extent necessary to prevent
dilution or enlargement of any award as a result of extraordinary events or circumstances, as
determined by the Committee, or to exclude the effects of extraordinary, unusual, or non-recurring
items; changes in applicable laws, regulations, or accounting principles; currency fluctuations;
discontinued operations; non-cash items, such as amortization, depreciation, or reserves; asset
impairment; or any recapitalization, restructuring, reorganization, merger, acquisition,
divestiture, consolidation, spin-off, split-up, combination, liquidation, dissolution, sale of
assets, or other similar corporate transaction.

	 	3.	 	Performance Goals related to More than One Segment of the Company

Awards may be based on performance against objectives for more than one segment of the
Company. For example, awards for corporate management may be based on overall corporate
performance against objectives, but awards for a unit’s management may be based on a combination of
corporate, unit and sub-unit performance against objectives.

	 	4.	 	Individual Performance

Subject to the limitations set forth in Article H below, individual performance of each
Participant may be measured and used in determining awards under the Plan.

	 	G.	 	AWARD DETERMINATION

	 	1.	 	Award Determined by Committee

After any Plan Year for which an Individual Target Award is established for a Participant
under the Plan, the Committee shall review and approve, modify or disapprove the amount, if any, to
be paid to the Participant for the Plan Year. The amount paid shall be the Individual Target Award
adjusted to reflect both the results against the Participant’s Performance Goals and the
Participant’s individual performance. All awards are subject to adjustment at the sole discretion
of the Committee.

	 	2.	 	Financial and Non-Financial Performance

Individual Target Award amounts will be modified based on the achievement of financial and
non-financial objectives by the Company and relevant units and/or sub-units. Performance results
against objectives shall be reviewed and approved by the Committee in accordance with paragraph F.2
above, as applicable.

	 	3.	 	Individual Performance

Any Individual Target Award, adjusted to reflect financial performance, may be further
adjusted with the review and approval of the Committee to give full weight to the Participant’s
individual performance during the Plan Year.

	 	4.	 	Overall Effect

The combination of any financial performance adjustment and individual performance adjustment
may increase the amount paid under the Plan to a Participant for any Plan Year to as much as three
times the Individual Target Award, and may reduce any amount payable to zero, subject to Article H.

	 	H.	 	PROCEDURES APPLICABLE TO COVERED EMPLOYEES

Awards under the Plan to Participants who are Covered Employees shall be subject to
preestablished Performance Goals as set forth in this Article H. Notwithstanding the provisions of
paragraph G.3 above, the Committee shall not have discretion to modify the terms of awards to such
Participants except as specifically set forth in this Article H.

At the beginning of a Plan Year, the Committee shall establish Individual Target Awards for
such of the Participants who may be Covered Employees, payment of which shall be conditioned upon
satisfaction of specific Performance Goals for the Plan Year established by the Committee in
writing in advance of the Plan Year, or within such period as may be permitted by regulations
issued under Section 162(m). The Performance Goals established by the Committee shall be based on
one or more of the criteria set forth in paragraph F.1 above. The extent, if any, to which an
award will be payable will be based upon the degree of achievement of the Performance Goals in
accordance with a pre-established objective formula or standard as determined by the Committee.
The application of the objective formula or standard to the Individual Target Award will determine
whether the Covered Employee’s award for the Plan Year is greater than, equal to or less than the
Participant’s Individual Target Award. To the extent that the minimum Performance Goals are
satisfied or surpassed, and upon written certification by the Committee that the Performance Goals
have been satisfied to a particular extent, payment of the award shall be made as soon as
reasonably practicable after the Payment Date in accordance with the objective formula or standard
applied to the Individual Target Award unless the Committee determines, in its sole discretion, to
reduce or eliminate the payment to be made.

Notwithstanding any other provision of the Plan, the maximum award payable to any Participant
who is a Covered Employee for any Plan Year shall not exceed $6,000,000.

	 	I.	 	PAYMENT OF AWARDS

An award under the Plan shall be paid in a single sum to the Participant as soon as reasonably
practicable after Payment Date, unless the Participant elects to defer his or her award pursuant to
the terms and conditions of the Company’s Deferred Compensation Administration Plan II or any
successor plan (“DCAP II”) and in compliance with Section 409A of the Code. No awards may be
deferred by a Participant under DCAP II unless he or she is an active employee of the Company on
the date the award is paid or he or she retired after December 31 of such Plan Year.

	 	J.	 	EMPLOYMENT ON PAYMENT DATE

No award shall be made to any Participant who is not an active employee of the Company on the
Payment Date; provided, however, that the Committee, in its sole and absolute discretion, may make
pro-rata awards to Participants in circumstances that the Committee deems appropriate including,
but not limited to, a Participant’s death, disability, retirement or other termination of
employment prior to the Payment Date. Any such pro-rated awards shall be determined by the
Committee in accordance with Article G above after taking into account the portion of the Plan Year
completed.

	 	K.	 	CHANGE IN CONTROL

In the event of a Change in Control, the Company or any successor or surviving corporation
shall pay to each Participant an award for the Plan Year in which the Change in Control occurs and
for any previous Plan Year for which awards have been earned but not yet paid or deferred. Each
such award shall be equal to the greatest of the following: (i) the Participant’s Individual
Target Award for the applicable Plan Year; (ii) the Participant’s Individual Target Award for the
applicable Plan Year adjusted based on the actual performance outcome for that Plan Year, provided,
that the Committee may not invoke its discretionary authority to reduce the amount of such an
award; or (iii) the average of awards earned and paid to (or deferred by) the Participant in the
three (or such fewer number of years that the Participant has been eligible for such an award)
completed Plan Years immediately preceding the applicable Plan Year. Such awards shall be paid by
the Company or any successor or surviving corporation at such time as the awards otherwise would be
payable under the Plan; provided, however, that if a Participant is terminated without Cause or
terminates for Good Reason within twelve months after a Change in Control, then such Participant
shall be paid his or her awards determined under this Article K, within thirty days of such
termination. Notwithstanding the foregoing, any award determined pursuant to this Article K shall
be reduced by any corresponding award payable under a Participant’s individually negotiated
agreement, if any.

	 	L.	 	FORFEITURE

Any other provision of the Plan to the contrary notwithstanding, if the Committee determines
that a Participant has engaged in any of the actions described below, then upon written notice from
the Company to the Participant (i) the Participant shall not be eligible for any award for the year
in which such notice is given or for the preceding year, if such award has not been paid as of the
date of the notice, (ii) any payment of an award received by the Participant within twelve months
prior to the date that the Company discovered that the Participant engaged in any action described
below shall immediately be repaid to the Company by the Participant in cash (including amounts
withheld pursuant to Article M) and (iii) any award deferred pursuant to Article I within twelve
months prior to the date that the Company discovered that the Participant engaged in any action
described below shall be forfeited immediately and shall not be distributed to the Participant
under any circumstances.

The consequences described above shall apply if the Participant, either before or after
termination of employment with the Company:

1. Discloses to others, or takes or uses for his or her own purpose or the purpose of others,
any trade secrets, confidential information, knowledge, data or know-how or any other proprietary
information or intellectual property belonging to the Company and obtained by the Participant
during the term of his or her employment, whether or not they are the Participant’s work product.
Examples of such confidential information or trade secrets include, without limitation, customer
lists, supplier lists, pricing and cost data, computer programs, delivery routes, advertising
plans, wage and salary data, financial information, research and development plans, processes,
equipment, product information and all other types and categories of information as to which the
Participant knows or has reason to know that the Company intends or expects secrecy to be
maintained; or

2. Fails to promptly return all documents and other tangible items belonging to the Company in
the Participant’s possession or control, including all complete or partial copies, recordings,
abstracts, notes or reproductions of any kind made from or about such documents or information
contained therein, upon termination of employment, whether pursuant to retirement or otherwise; or

3. Fails to provide the Company with at least thirty (30) days’ written notice prior to
directly or indirectly engaging in, becoming employed by, or rendering services, advice or
assistance to any business in competition with the Company. As used herein, “business in
competition” means any person, organization or enterprise which is engaged in or is about to become
engaged in any line of business engaged in by the Company at the time of the termination of the
Participant’s employment with the Company; or

4. Fails to inform any new employer, before accepting employment, of the terms of this section
and of the Participant’s continuing obligation to maintain the confidentiality of the trade secrets
and other confidential information belonging to the Company and obtained by the Participant during
the term of his or her employment with the Company; or

5. Induces or attempts to induce, directly or indirectly, any of the Company’s customers,
employees, representatives or consultants to terminate, discontinue or cease working with or for
the Company, or to breach any contract with the Company, in order to work with or for, or enter
into a contract with, the Participant or any third party; or

6. Engages in conduct which is not in good faith and which disrupts, damages, impairs or
interferes with the business, reputation or employees of the Company; or

7. Directly or indirectly engages in, becomes employed by, or renders services, advice or
assistance to any business in competition with the Company, at any time during the twelve months
following termination of employment with the Company.

The Committee shall determine in its sole discretion whether the Participant has engaged in
any of the acts set forth in subsections 1 through 7 above, and its determination shall be
conclusive and binding on all interested persons.

Any provision of this Article L which is determined by a court of competent jurisdiction to be
invalid or unenforceable should be construed or limited in a manner that is valid and enforceable
and that comes closest to the business objectives intended by such invalid or unenforceable
provision, without invalidating or rendering unenforceable the remaining provisions of this Article
L.

	 	M.	 	WITHHOLDING TAXES

Whenever the payment of an award is made, such payment shall be net of an amount sufficient to
satisfy federal, state and local income and employment tax withholding requirements and authorized
deductions.

	 	N.	 	EMPLOYMENT RIGHTS

Neither the Plan nor designation as a Plan Participant shall be deemed to give any individual
a right to remain employed by the Company. The Company reserves the right to terminate the
employment of any employee at any time, with or without cause or for no cause, subject only to a
written employment contract (if any).

	 	O.	 	NONASSIGNMENT; PARTICIPANTS ARE GENERAL CREDITORS

The interest of any Participant under the Plan shall not be assignable either by voluntary or
involuntary assignment or by operation of law (except by designation of a beneficiary or
beneficiaries to the extent allowed under DCAP II with respect to amounts deferred under Article I)
and any attempted assignment shall be null, void and of no effect.

Amounts paid under the Plan shall be paid from the general funds of the Company, and each
Participant shall be no more than an unsecured general creditor of the Company with no special or
prior right to any assets of the Company for payment of any obligations hereunder. Nothing
contained in the Plan shall be deemed to create a trust of any kind for the benefit of any
Participant, or create any fiduciary relationship between the Company and any Participant with
respect to any assets of the Company.

	 	P.	 	AMENDMENT OR TERMINATION

The Board of Directors may terminate or suspend the Plan at any time. The Committee may amend
the Plan at any time; provided that (i) to extent required under Section 162(m), the Plan will not
be amended without prior approval of the Company’s stockholders, and (ii) no amendment shall
retroactively and adversely affect the payment of any award previously made. Notwithstanding the
foregoing, no amendment adopted following the occurrence of a Change in Control shall be effective
if it (a) would reduce a Participant’s Individual Target Award for the Plan Year in which the
Change in Control occurs, (b) would reduce an award payable to a Participant based on the
achievement of Performance Goals in the Plan Year before the Plan Year in which the Change in
Control occurs, or (c) modify the provisions of this paragraph.

	 	Q.	 	SUCCESSORS AND ASSIGNS

This Plan shall be binding on the Company and its successors or assigns.

	 	R.	 	INTERPRETATION AND SEVERABILITY

The Plan is intended to comply with Section 162(m), and all provisions contained herein shall
be construed and interpreted in a manner to so comply. In case any one or more of the provisions
contained in the Plan shall for any reason be held to be invalid, illegal or unenforceable in any
respect, such invalidity, illegality or unenforceability shall not affect any other provision of
the Plan, but the Plan shall be construed as if such invalid, illegal or unenforceable provisions
had never been contained herein.

	 	S.	 	DEFINITIONS

“Cause” shall mean termination of the Participant’s employment upon the Participant’s
willful engagement in misconduct which is demonstrably and materially injurious to the Company. No
act, or failure to act, on the part of the Participant shall be considered “willful” unless done,
or omitted to be done, by the Participant not in good faith and without reasonable belief that the
Participant’s action or omission was in the best interest of the Company.

“Change in Control” A Change in Control shall be deemed to have occurred if any of
the events set forth in any of the following paragraphs shall occur:

a. any “person” (as defined in section 3(a)(9) of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”) and as such term is modified in sections 13(d) and 14(d) of the
Exchange Act), excluding the Company or any of its subsidiaries, a trustee or any fiduciary holding
securities under an employee benefit plan of the Company or any of its subsidiaries, an underwriter
temporarily holding securities pursuant to an offering of such securities or a corporation owned,
directly or indirectly, by the Company’s stockholders in substantially the same proportions as
their ownership of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company representing 30% or
more of the combined voting power of the Company’s then outstanding securities; or

b. during any period of not more than two consecutive years, individuals who at the beginning
of such period constitute the Board of Directors and any new members of the Board of Directors
(other than a member designated by a “person” who has entered into an agreement with the Company to
effect a transaction described in Sections a, c and d of this definition) whose election by the
Board of Directors or nomination for election by the Company’s stockholders was approved by a vote
of at least two-thirds (2/3) of the members of the Board of Directors then still in office who
either were members of the Board of Directors at the beginning of the period or whose election or
nomination for election was previously so approved, cease for any reason to constitute a majority
thereof; or

c. consummation of a merger or consolidation of the Company with any other corporation, which
has been approved by the shareholders of the Company, other than (I) a merger or consolidation
which would result in the voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity), in combination with the ownership of any trustee or other
fiduciary holding securities under an employee benefit plan of the Company, at least 50% of the
combined voting power of the voting securities of the Company or such surviving entity outstanding
immediately after such merger or consolidation, or (II) a merger or consolidation effected to
implement a recapitalization of the Company (or similar transaction) in which no person acquires
more than 50% of the combined voting power of the Company’s then outstanding securities; or

d. the shareholders of the Company approve a plan of complete liquidation of the Company or an
agreement for the sale or disposition by the Company of all or substantially all of the Company’s
assets.

Notwithstanding the foregoing, no Change in Control shall be deemed to have occurred if there
is consummated any transaction or series of integrated transactions immediately following which the
holders of the Company’s common stock immediately prior to such transaction or series of
transactions continue to have the same proportionate ownership in an entity which owns all or
substantially all of the assets of the Company immediately prior to such transaction or series of
transactions.

“Code” shall mean the Internal Revenue Code of 1986, as amended.

“Committee” shall mean the Compensation Committee of the Board of Directors of
McKesson Corporation; provided, however, that the Committee shall consist solely of two or more
“outside directors”, in conformance with Section 162(m) of the Code.

“Company” shall mean McKesson Corporation, a Delaware corporation, including its
subsidiaries and affiliates.

“Covered Employee” shall mean an eligible Participant designated by the Committee who
is, or is expected to be, a “covered employee” within the meaning of Section 162(m) for the Plan
Year in which an award is payable hereunder.

“Good Reason” shall mean any of the following actions, if taken without the express
written consent of the Participant:

a. any material change by the Company in the functions, duties, or responsibilities of the
Participant, which change would cause such Participant’s position with the Company to become of
less dignity, responsibility, importance, or scope from the position and attributes that applied to
the Participant immediately prior to the Change in Control;

b. any reduction in the Participant’s base salary;

c. any material failure by the Company to comply with any of the provisions of any employment
agreement between the Company and the Participant;

d. the requirement by the Company that the Participant be based at any office or location more
than 25 miles from the office at which the Participant is based on the date immediately preceding
the Change in Control, except for travel reasonably required in the performance of the
Participant’s responsibilities and commensurate with the amount of travel required of the
Participant prior to the Change in Control; or

e. any failure by the Company to obtain the express assumption of this Plan by any successor
or assign of the Company.

“Individual Target Award” shall mean the target award established for each Participant
under Article E, which shall be a percentage of the Participant’s base salary or a fixed dollar
amount, as determined by the Committee.

“Officer Group” shall mean the Covered Employees and any other officer of the Company
designated as part of the Officer Group by the Committee.

“Participants” shall mean those employees specifically designated as Participants for
a Plan Year under Article D.

“Payment Date” shall mean the date following the conclusion of a Plan Year on which
the Committee certifies that applicable Performance Goals have been satisfied and authorizes
payment of corresponding awards.

“Performance Goals” shall have the meaning set forth in Article F hereof.

“Plan” shall mean the McKesson Corporation 2005 Management Incentive Plan.

“Plan Year” shall mean the fiscal year of the Company.

“Section 162(m)” shall mean Section 162(m) of the Code and regulations promulgated
thereunder, as may be amended from time to time.

	 	T.	 	EXECUTION

Executed effective as of      , 2005.

McKESSON CORPORATION

ByExhibit 10.3

                       This licensee agreement is between

                   L R Global Marketing Pty Ltd ACN 097443082
  As trustee for Fit For Business Australia/New Zealand Trust ("the Applicant")

                                       and

              Fit For Business (Australia) Pty Ltd ("the Company")
                               ABN 96 085 568 672

1. Acceptance. Upon acceptance of this agreement by L R Global Marketing Pty Ltd
as trustee for Fit For Business Australia/New Zealand Trust (the Applicant), and
"Fit For Business" ("the company"),  the undersigned  applicant has the right to
represent  Fit For  Business  the  company the Fit For  Business  program in the
marketplace, in the way it was intended by the company in the Country specified.
2. Representation.  This entitles the applicant to represent Fit for Business as
a Licensee in Australia and New Zealand.  The applicant  will agree to adhere to
all Fit For Business standards and systems in its entirety including all Quality
Assurance  requirements Privacy Policy and Code of Conduct,  which may be issued
from time to time by Fit For Business.  All advertising  must be approved by Fit
For  Business.  Applicants  must  also  maintain  the  integrity  of the Fit For
Business Marketing Plan.
3.   Right of  Ownership.  Under this  agreement  any  contracts  secured by the
applicant  will then become the  property and  responsibility  of the company to
implement  and maintain,  with the  assistance of the applicant It is agreed the
company will service and maintain ail contracts  secured by the applicant.  ("as
per Fit For Business Training Manual)
4.   Permission.  This agreement gives permission solely to the applicant to use
the Fit For  Business  logo and  materials  in the  pursuit  of  contracts  from
prospective companies.
5.   Confidentiality   Agreement.   The  applicant   agrees  to  adhere  to  the
confidentiality   agreement,   and  agrees  to  obtain  signed   confidentiality
agreements  from any other  individual  to whom he discusses the company and its
objectives other than companies with which he is negotiating.
6.  Licensing  Fee. The  applicant  agrees to pay the company a licensing fee of
US$5OO,OOO/licence/country.
7.   Term. This agreement will be deemed to have commenced on the date appearing
at the bottom of the last page and will  continue  for the duration of 10 years,
or unless terminated beforehand pursuant to clause 9 (Termination)
8.   Return.  In response,  the company  agrees to issue the  applicant  500,000
restricted shares @US.50cents.  Upon sale these shares are to be offered back to
Fit For Business for first right to purchase.  This  agreement also entitles the
applicant to participate in licensing bonuses (to be determined).  The applicant
is also invited to sit on the Management Team.
9.   Termination.  This  Agreement  will be  terminated  if any of the following
occur:
     a. The company gives in their absolute  discretion  gives written notice of
immediate  termination  to the  applicant,  in the event that the  company  have
reasonable  grounds for believing that the applicant has breached any provisions
of this agreement or any part of the Fit For Business confidentiality agreement.
     b. The  company in their  absolute  discretion  gives one  month's  written
notice of termination  to the applicant,  which it is agreed shall be sufficient
notice.
10.  The Applicant's Obligations on Termination. The applicant acknowledges that
if the agreement is terminated  for any reason,  the company shall not be liable
for any incidental or consequential damaged caused by their breach, cancellation
or  suspension  of  this  agreement,  whether  or  not  the  company  knows  the
possibility for such damages. On termination the application must
     a. Ensure that any  obligations  under any Fit For Business  contracts  are
transferred  to Fit  For  Business,  so that  no  damage  is done to the Fit For
Business reputation.

<PAGE>

     b. Return to the company all materials relating to Fit For Business

11. No disclosure after  termination.  For a period of 3 years after termination
of this  Agreement,  the applicant  will hold in confidence  any trade  secrets,
formulas,  sales and distribution  systems,  business information and literature
which the Owners  acquired  during the term of this Agreement in relation to the
Fit for Business program and will not use directly or indirectly such items.

12.  Indemnity.  In  consideration  of  the  acceptance  of the  applicant,  the
applicant covenants that he will not make any unauthorised statements, claims or
representations  about the Fit for Business  program and agrees to indemnify and
hold the Company  safe from all  liability or costs and  proceedings  of damages
suffered  by the  Company  arising  from any  breach  of this  Agreement  by the
applicant;.

13.  No  assignment.  This  Agreement  may not be  assigned  without the written
consent of the  Company,  which  consent can be withheld by the Company in their
absolute discretion.

14.  Agreement  binds  successors.  This Agreement is binding on and endures for
the   benefit  of  the   parties   and  their   respective   heirs,   executors,
administrators, successors and assigns.

15.  Governing  Law. The laws of the  particular  State in Australia  where this
Agreement is made govern this Agreement.

Dated at Brisbane this 25th day of August 2004.

Application accepted on behalf of the Applicant.

 /s/ Laraine Richardson                     /s/ Dianne Waghorne
.......................................     .....................................
Applicant's Signature                      Applicant's Signature

 /s/ Linda Tyrell                           /s/ Linda Tyrell
.......................................     .....................................
Witness                                    Witness

Application accepted on behalf of the Company.

 /s/ Mark Poulsen
.......................................
Fit For Business Representative

 /s/ Linda Tyrell
.......................................
Witness

<PAGE>

Appendix A

Payment details

Licensing fee US$500,000

To be paid as follows:

1.   AUD $100,000 to be paid on or before 25/08/04
2.   AUD $100,000 to be paid on or before 30/09/04
3.   Balance of AUD $500,000 due on or before 31st December 04
     (Exact figure to be based upon US exchange rate on day)

All monies to be deposited to:
Fit For Business (Australia) Pty Ltd
BSB 084255
Account 539883329

 /s/ Laraine Richardson                     /s/ Dianne Waghorne
.......................................     .....................................
Applicant's Signature                      Applicant's Signature

 /s/ Linda Tyrell                           /s/ Linda Tyrell
.......................................     .....................................
Witness                                    Witness

Application accepted on behalf of the Company.

 /s/ Mark Poulsen
.......................................
Fit For Business Representative

 /s/ Linda Tyrell
.......................................
Witness

<PAGE>

                 THIS DEED is made on the 14th day of JUNE, 2005

           This extension of time to pay licensing fee deed is between

FIT  FOR  BUSINESS   AUSTRALIA  PTY  LTD  (ABN  96085568672)  FIT  FOR  BUSINESS
INTERNATIONAL,  INC. (their successors and assigns jointly and severally "FFBI")
AND

LR GLOBAL MARKETING PTY LTD, (ACN 097443082),  an Australian  Corporation acting
as trustee for Fit For Business  Australia/New Zealand Trust (the "trust").  The
Director of LR Global  Marketing  Pty Ltd,  Laraine  Richardson  and the Company
Secretary Dianne Waghorne, and the beneficiaries of the trust Laraine Richardson
and Dianne  Waghorne  (their  successors  and assigns  jointly and severally "LR
Global")

Whereas
     1.   L R  Global  Marketing  Pty  Ltd  as  trustee  for  Fit  For  Business
          Australia/New  Zealand Trust (the  Applicant),  and "Fit For Business"
          ("the company"),  executed a licensing agreement on the 25th of August
          2004 for the right to represent  the Fit For  Business  program in the
          marketplace; and
     2.   The licensing  fee of U5$500,000  was due and payable by the applicant
          in total on or before 31st December 2004; and
     3.   The applicant had paid AUD$165,000 on the 4th January 2006; and
     4.   That the  remainder  of the  license  fee being;  the  license  fee of
          USD$500,000;  less; the part payment of  AUD$165,000  would be due and
          payable as at the 31st of May 2005; and

it is now agreed:

     5.   L R  Global  Marketing  Pty  Ltd  as  trustee  for  Fit  For  Business
          Australia/New  Zealand Trust (the  Applicant),  will pay AUD$10,000 to
          the company by 14th June 2005.
     6.   That the  remainder  of the  license  fee being;  the  license  fee of
          USD$500,000;  lees;  the part payment of  AUD$165,000  and  AUD$10,000
          would be due and payable  within sixty days of FFBI common stock being
          quoted on the OTC Bulletin Board (or any other  recognized  exchange);
          and
     7.   That LR Global and their  successors and assigns jointly and severally
          will  personally  gurantee the payment of the remainder of the licence
          fee as determined by this deed; and
     8.   The  determination  of the remainder of the license fee amount will be
          ascertained by utilising the exchange rates as notified by the Reserve
          Bank of Australia on the date of final payment.

<PAGE>
<TABLE>
<CAPTION>
<S>                                                    <C>

SIGNED, SEALED AND DELIVERED by Laraine Richardson )
....................as Guarantor in the presence of: )     /s/ Laraine Richardson                         X
                                                        -------------------------------------------------
                                                        Signature of Guarantor
  /s/ Allan                                      X
-------------------------------------------------
Signature of Witness

                                                 X
-------------------------------------------------
Name

                                                 X
-------------------------------------------------
Address

SIGNED, SEALED AND DELIVERED by Dianne Waghorne    )
....................as Guarantor in the presence of: )      /s/ Dianne Waghorne                           X
                                                        -------------------------------------------------
                                                        Signature of Guarantor
  /s/ Allan                                      X
-------------------------------------------------
Signature of Witness

                                                 X
-------------------------------------------------
Name

                                                 X
-------------------------------------------------
Address

<PAGE>

EXECUTED AS A DEED

FOR AND ON BEHALF OF LR GLOBAL MARKETING PTY
LTD. (ACN 097443082) in the presence of

  /s/ Allan                                      X     /s/ Laraine Richardson                         X
-------------------------------------------------    -------------------------------------------------
Signature of Witness                                 Signature of Authorized Officer

                                                 X         LARAINE RICHARDSON                         X
-------------------------------------------------    -------------------------------------------------
Name                                                 Name

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Address                                              Address

SIGNED FOR AND ON BEHALF OF LR GLOBAL MARKETING
PTY LTD. (ACN 097443082) in the presence of

  /s/ Allan                                      X      /s/ Dianne Waghorne                           X
-------------------------------------------------    -------------------------------------------------
Signature of Witness                                 Signature of Authorized Officer

                                                 X          Dianne Waghorne                           X
-------------------------------------------------    -------------------------------------------------
Name                                                 Name

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Address                                              Address

SIGNED FOR AND ON BEHALF OF Fit For Business  Australia/New Zealand Trust in the
presence of

  /s/ Allan                                      X      /s/ Dianne Waghorne                           X
-------------------------------------------------    -------------------------------------------------
Signature of Witness                                 Signature of Authorized Officer

                                                 X          Dianne Waghorne                           X
-------------------------------------------------    -------------------------------------------------
Name                                                 Name

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Address                                              Address

SIGNED FOR AND ON BEHALF OF FIT FOR BUSINESS AUSTRALIA
PTY LTD (ABN 96085568672) in the presence of

  /s/ Sandra Wendt                               X      /s/ Mark Poulsen                              X
-------------------------------------------------    -------------------------------------------------
Signature of Witness                                 Signature of Authorized Officer

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Name                                                 Name

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Address                                              Address

SIGNED FOR AND ON BEHALF OF FIT FOR BUSINESS AUSTRALIA
PTY LTD (ABN 96085568672) in the presence of

  /s/ Sandra Wendt                               X      /s/ Prins Ralston                             X
-------------------------------------------------    -------------------------------------------------
Signature of Witness                                 Signature of Authorized Officer

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Name                                                 Name

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Address                                              Address

</TABLE>

<PAGE>

PERSONAL AND DIRECTORS GUARANTEE and IDEMNITY
---------------------------------------------

THIS DEED is made on the 14th day of JUNE, 2005

BETWEEN:       FIT FOR  BUSINESS  AUSTRALIA  PTY LTD (ABN  96085568672)  FIT FOR
               BUSINESS  INTERNATIONAL,   INN,  (their  successor*  and  assigns
               jointly and severalty "FFBI")

AND:           THE LICENSEE,  LR GLOBAL MARKETING PTY LTD. (ACN  097443082),  an
               Australian  Corporation  acting as trustee  for Fit For  Business
               Australia/New  Zealand Trust,  its personal  representatives  and
               permitted  assigns  and  if a  corporation,  its  successors  and
               assigns, jointly and each of them severally ("the Licensee")

AND:           THE GUARANTORS,  Laraine Richardson and Dianne Waghorne named and
               described   in  the   Schedule   hereto   and,   their   personal
               representatives  and permitted  assigns and assigns,  jointly and
               each of them severally ("the Guarantors")

IN  CONSIDERATION  of  FFBI  agreeing  to  the  Extension  of  Time  Deed  ("the
Agreement") dated June 2005, the Licensee AGREES that if FFBI executes the deed,
then the Licensee and Guarantors  shall be bound by the terms and conditions set
out herein ("this Agreement"):

In  consideration  of FFBI at the request of the  Guarantors  entering into this
Agreement with the Licensee the Guarantees covenants and agrees, with FFBI that:

1.   The  Guarantors  guarantee  to FFBI  that  they  will be with the  Licensee
     jointly and  severally  liable to FFBI for the due payment of all moneys to
     be paid by the Licensee under the Agreement and for the due performance and
     observance by the Licensee of all the covenants terms and conditions of the
     Agreement on the part of the Licensee to be performed and observed.

2.   The Guarantors  will  indemnify  FFBI and agrees at all times  hereafter to
     keep FFBI  indemnified  from and against all losses and expenses which FFBI
     may suffer or incur in consequence of my breach or non-observance of any of
     the  covenants  terms and  conditions  of the  Agreement an the part of the
     Licensee to be  performed or observed  and the  Guarantors  agrees that the
     Guarantors shall remain liable to FFBI under this Indemnity notwithstanding
     as a consequence of such breach or non-observance FFBI has exercised any of
     its  rights  under the  Agreement  including  its  rights of  re-entry  and
     notwithstanding  that the  Licensee  (being a  company)  maybe  wound up or
     dissolved  or  (being  a  natural  person)  may be  declared  bankrupt  and
     notwithstanding  that the guarantee  given by the Guarantors may be for any
     reason whatsoever be unenforceable either in whole or in part.

3.   On any default or failure by the Licensee to observe and perform any of the
     covenants  terms  and  conditions  of the  Agreement  the  Guarantors  will
     forthwith  on demand by FFBI pay all  monies  outstanding  and make good to
     FFBI all losses and expenses  sustained or incurred by FFBI by reason or in
     consequence of any such default or failure by the Licensee or in performing
     or observing  any of the  covenants  terms and  conditions of the Agreement
     without the necessity of any prior demand having been made on the Licensee.
     A demand on the Guarantors  shall be deemed to have been duly made if it is
     in  writing  and  signed  on behalf of FFBI by its  authorised  officer  or
     solicitor and has been given to the  Guarantors or left at or posted to the
     address  of the  Guarantors  as shown in the  Schedule  or such last  known
     address as notified to FFBI in writing by the  Guarantors.  This deed shall
     not be  affected  by any action  taken or notice  issued in relation to any
     other securities.

4.   FFBI shall be under no obligation  to marshall in favour of the  Guarantors
     any security whatsoever held by FFBI.

5.   The liability of the Guarantors  under this  guarantee and indemnity  shall
     not be affected  by the  granting  of time or any other  indulgence  to the
     Licensee  or by  the  compounding  compromise  release  abandonment  waiver
     variation  or renewal of any of the rights of FFBI  against the Licensee or
     by any  variation of the Agreement or by any neglect or emission to enforce
     such rights or by any other thing which under the law  relating to sureties
     would or might but for this provision release the Guarantors in whole or in
     part from his obligations under this guarantee.

<PAGE>

6.   Notwithstanding  that  as  between  the  Guarantors  and the  Licenses  the
     Guarantors may be a surety only  nevertheless as between the Guarantors and
     FFBI the  Guarantors  shall be deemed to be a primary debtor and contractor
     jointly and severally with the Licensee.

7.   To the fullest extent permitted by law the Guarantors hereby waives such of
     their  rights  as surety  or  indemnifier  (legal  equitable  statutory  or
     otherwise) which may at any time be inconsistent with any of the provisions
     of the guarantee and indemnity contained in this guarantee.

8.   The covenants and agreements  made or given by the Guarantors  shall not be
     conditional  or  contingent  in any way or  dependent  upon the validity or
     enforceability  of the  covenants  and  agreements  of any other person and
     shall be and remain binding notwithstanding that any other person shall not
     have  executed  or  duly  executed  the  Agreement  or this  guarantee  and
     indemnity.

9.   The  obligations  of the  Guarantors  under  the  guarantee  and  indemnity
     contained  in this deed shall  continue to remain in force until all moneys
     payable  pursuant to the Agreement shall have been paid and until all other
     obligations  and  indemnities  shall  have  been  performed   observed  and
     satisfied  and such  obligations  shall not be reduced or  affected  by any
     notice  to quit  given  by  either  party  to the  Agreement  or the  death
     insolvency  liquidation or dissolution of the Licensee or the Guarantors at
     either  of  them  and  this  Guarantee  shall  be  a  continuing   security
     irrespective of any amounts which may be paid to FFBI by or on behalf of or
     for the credit of the Licensee at any time.

10.  Where  there  is  more  than  one  person  or  corporation  which  together
     constitute the Guarantors to this Agreement the obligations and liabilities
     of each and every such person or corporation shall be joint and several.

11.  The Guarantors  acknowledges  that FFBI has given the  Guarantors  full and
     unrestricted  opportunity  to  seek  independent  legal  advice  as to  the
     Guarantors obligations hereunder prior to the signing of this Guarantee and
     the Guarantors  acknowledges that FFBI is under no obligation to notify the
     Guarantors  of any  changes  to the  Agreement  or any  dealings  with  the
     Licensee.

12.  In the event of liquidation  or bankruptcy of the Licensee,  the Guarantors
     will not prove in such liquidation or bankruptcy in competition with FFBI.

13.  The laws of Queensland in Australia  where the Agreement and this deed have
     been made govern this Agreement.

                                    SCHEDULE

Licensee:     Name: LR GLOBAL MARKETING PTY LTD.(ACN 097443082),

              Address    P.O. Box 3085
                      -------------------------------

              State      Wamberal N.S.W. 2260
                      -------------------------------

              Fax     +65 62517370 - Fax +65 62524983
                      -------------------------------

Guarantors: Laraine Richardson                          Dianne Waghorne

Address ____________________________   Address ____________________________

        ____________________________           ____________________________

Fax     ____________________________   Fax     ____________________________

<PAGE>
<TABLE>
<CAPTION>
<S>                                                  <C>

EXECUTED AS A DEED

FOR AND ON BEHALF OF LR GLOBAL MARKETING PTY
LTD. (ACN 097443082) in the presence of

  /s/ Allan                                      X     /s/ Laraine Richardson                         X
-------------------------------------------------    -------------------------------------------------
Signature of Witness                                 Signature of Authorized Officer

                                                 X         LARAINE RICHARDSON                         X
-------------------------------------------------    -------------------------------------------------
Name                                                 Name

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Address                                              Address

SIGNED FOR AND ON BEHALF OF LR GLOBAL MARKETING
PTY LTD. (ACN 097443082) in the presence of

  /s/ Allan                                      X      /s/ Dianne Waghorne                           X
-------------------------------------------------    -------------------------------------------------
Signature of Witness                                 Signature of Authorized Officer

                                                 X          Dianne Waghorne                           X
-------------------------------------------------    -------------------------------------------------
Name                                                 Name

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Address                                              Address

SIGNED FOR AND ON BEHALF OF Fit For Business  Australia/New Zealand Trust in the
presence of

  /s/ Allan                                      X      /s/ Dianne Waghorne                           X
-------------------------------------------------    -------------------------------------------------
Signature of Witness                                 Signature of Authorized Officer

                                                 X          Dianne Waghorne                           X
-------------------------------------------------    -------------------------------------------------
Name                                                 Name

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Address                                              Address

SIGNED FOR AND ON BEHALF OF FIT FOR BUSINESS AUSTRALIA
PTY LTD (ABN 96085568672) in the presence of

  /s/ S. Wendt                                   X      /s/ Prins Ralston                             X
-------------------------------------------------    -------------------------------------------------
Signature of Witness                                 Signature of Authorized Officer

      S. Wendt                                   X          Prins Ralston                             X
-------------------------------------------------    -------------------------------------------------
Name                                                 Name

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Address                                              Address

SIGNED FOR AND ON BEHALF OF Fit For Business  Australia/New Zealand Trust in the
presence of

  /s/ S. Wendt                                   X      /s/ Mark Poulsen, CEO                         X
-------------------------------------------------    -------------------------------------------------
Signature of Witness                                 Signature of Authorized Officer

      S. Wendt                                   X          Mark Poulsen                              X
-------------------------------------------------    -------------------------------------------------
Name                                                 Name

                                                 X                                                    X
-------------------------------------------------    -------------------------------------------------
Address                                              Address

<PAGE>

SIGNED, SEALED AND DELIVERED by Laraine Richardson )
....................as Guarantor in the presence of: )    /s/ Laraine Richardson                       X
                                                       -----------------------------------------------
                                                       Signature of Guarantor

  /s/ Allan                                      X
-------------------------------------------------
Signature of Witness
                                                 X
-------------------------------------------------
Name
                                                 X
-------------------------------------------------
Address

SIGNED, SEALED AND DELIVERED by Dianne Waghorne    )
....................as Guarantor in the presence of: )    /s/ Dianne Waghorne                          X
                                                       -----------------------------------------------
                                                       Signature of Guarantor

   /s/ Allan                                     X
-------------------------------------------------
Signature of Witness
                                                 X
-------------------------------------------------
Name
                                                 X
-------------------------------------------------
Address

</TABLE>

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