Document:

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 PRINCIPLEEXHIBIT 10.18

              LICENSE AGREEMENT BY AND AMONG DR. SHIGETOMI KOMATSU
            JAPAN ZXY CO. LTD., ASIA GLOVE, INC., ZYX INTERNATIONAL,
                    INC, 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 September 20, 2002 (the
"EffectiveDate"), is entered into, by and among Dr. Shigetomi Komatsu, a
Japanese individual, Japan ZXY Co. Ltd., a Japanese Corporation, Asia Glove
Inc., a Japanese Corporation, ZYX International Inc., a Nevada Corporation, and
Global Assets and Services Inc., a Florida Corporation.

                                    Recitals

     A.   Dr. Shigetomi Komatsu,(hereafter called KOMATSU), the Patentees of the
          Japanese Patents  No.3175072 and others (See the Exhibit A) with Japan
          Patent  Office and the  related  existing  and  pending  international
          patents,  is an individual  residing at 865  Jyunisou,  Kamakurao-Shi,
          Kanagawa-Ken, Japan (See the Exhibit A for the Patents Descriptions.)

     B.   SK ZYX Research Co., (hereinafter called SKZYX) who has certain rights
          pertained to the patents of  "Tomigel"(Patent  No.3175072)  and "Junon
          Systems,"(Patent  -see the Exhibit  A)),  including  the existing  and
          pending  international  patents,  is a corporation  duly organized and
          existing  under  and by  virtue  of the law of Japan  and  having  its
          principle place of business at 8-6-7 Nishi- gotanda,  Shinagawa, Tokyo
          Japan  and  herein   represented   by   Shigetomi   Komatsu,   as  the
          Representative Director President

     C.   Japan ZYX Co., (hereinafter called JZC) is the registered owner of the
          these Patents and has the right to grant licenses under certificate of
          patents  #3175072 and the others(See the Exhibit A) for "Tomigel", and
          "Junon   Sytems,"   respectively,   including   existing  and  pending
          international  patents ,is a corporation  duly  organized and existing
          under and by virtue of the law of Japan and having its principle place
          of business at 1-7-10  Hirakawa-cho S building 5th floor,  Tokyo Japan
          and  herein  represented  by Renji  Shirakami,  in his  company as the
          Representative Director Vice President

     D.   Asia Glove, Inc., (hereinafter called AGI) who has the exclusive sales
          and  manufacturing  rights of these  patents for  "Tomigel" and "Junon
          System," in North America and South America, is a corporation duly

<PAGE>

          organized  and  existing  under  and by virtue of the law of Japan and
          having its  principle  place of  business  at 1-7- 10  Hirakawa-cho  S
          building  5th  floor,  Tokyo  Japan  and  herein  represented  by Koki
          Nagashima, as the Representative Director President

     E.   ZYX  International,  Inc.,  (hereinafter  known  as ZII)  is a  Nevada
          Corporation,  and a wholly  owned  subsidiary  of  Global  Assets  and
          Services,  Inc., and has its principle  offices at 3816 West Linebaugh
          Ave, Suite 200, Tampa, FL 33624,.

     F.   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 3816 West Linebaugh Ave,
          Suite 200, Tampa, FL 33624,.

            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
enhancements to the Licensed Patents.

     1.3.    "Licensed Patents" shall mean those patents, 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 patents or
certificates of invention issuing thereon, and any and all reissues, reexamina-
tions, extensions,

<PAGE>

divisions, renewals of or to any of the foregoing, and any foreign counterparts
of any of the foregoing.

     1.4.   "Licensed Product" shall mean any material, composition, product,
device, or procedure.

     1.5    "Gross Revenues" shall mean one-third of gross revenues received by
Japan ZYX Co.

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

     1.7    "Licensors" shall mean the following parties: Dr. Shigetomi Komatsu,
SK ZYX Research Co.,Japan ZYX Co., and Asia Glove, Inc.

     1.8    "Licensees" shall mean the following parties: ZYX International,
Inc., and Global Assets and Services, Inc.

2.   ASSIGNMENT OF RIGHTS AND COMPENSATION

        2.1  JZC will receive 20% of ZII's shares issued and
     outstanding. (10 million out of 50 million shares).

        2.2  AGI will receive 25% of ZII's shares issued and
     outstanding. (12.5 million out of 50 million shares).

        2.3  ZII will have exlusive rights to produce produce and
             sell "Tomigel" and "Junon System" in North America and South
             America and their territories, based upon these patents
             defined in the Exhibit A.

        2.4  ZII will receive one third of all revenues of JZC.

3.   LICENSES

        3.1  License Grant.  Subject to the terms and conditions of this Agree-
ment, Japan ZYX Co. hereby grants to Licensee, ZYX International, Inc. one-third

<PAGE>

of gross revenues of Japan ZYX Co., 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 Japan ZYX Co./Asia
Glove, Inc's. 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.  Japan ZYX Co., Ltd shall pay the one-third gross
revenue payment monthly. Such payment shall take place by the end of the
subsequent month, and shall be payable in Yen.

     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. Global Assets and Services, Inc.
shall have the right to review books and records pertaining to the gross
revenues of Japan ZYX Co.  Upon two weeks prior notice to Japan ZYX Co., Global
Assets and Services, Inc., or independent accountants selected by Global Assets
and Services, Inc., may have access to such books and records to prepare the
necessary regulatory reports for filings of the Security and Exchange
Commission.

<PAGE>

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. In 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 Japan ZYX Co./Asia Glove, Inc.,
sublicensable, non-cancellable, 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 Japan ZYX Co./Asia Glove, Inc., 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
Patents 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 Japan ZYX Co./Asia Glove, Inc.

                6.1.2.  In the event Japan ZYX Co./Asia Glove, Inc. fails to
initiate any Action involving the LicensedPatents 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 Japan ZYX Co./Asia
Glove, Inc. shall cooperate reasonably with Licensee, at Licensee's request.

     6.2. 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

<PAGE>

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 adversely 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 Japan ZYX Co./Asia
Glove, Inc. represents and warrants that, as of the Effective Date:

             7.1.1.  Japan ZYX Co./Asia Glove Inc. are corporations, duly
organized, validly existing and in good standing under the laws of its state of
incorporation;

             7.1.2.  Japan ZYX Co./Asia Glove Inc. have the right and authority
to grant the rights and licenses granted to Licensee under this Agreement;

             7.1.3. The execution, delivery and performance of this Agreement
has been duly authorized by all necessary corporate action on the part of Japan
ZYX Co./Asia Glove, Inc.

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

         7.2.1.  Licensees are corporations, 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 Japan ZYX
Co./Asia Glove, Inc. other than the Licensed Patents, regardless of whether such
patents are dominant or subordinate to the Licensed Patents.

<PAGE>

     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 NON-INFRINGEMENT AND
ANY WARRANTY ARISING OUT OF PRIOR COURSE OF DEALING AND USAGE OF TRADE.

8.   INDEMNIFICATION

       Indemnity. Licensee shall indemnify, defend and hold harmless Japan ZYX
Co./Asia Glove, Inc., and its directors, officers, employees, agents and
consultants (each an "Indemnitee") 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 Indemnitee 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 Japan ZYX Co./Asia
Glove, Inc.

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, 2014. If notice of termination is not received from either party within
thirty days prior to expiration date, terms and agreements of this contract are
automatically extended for five years.

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

<PAGE>

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 Disclosures. 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.

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
thereunder.

     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.

<PAGE>

     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 may be
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, 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 Japan ZYX Co./Asia
Glove Co. Ltd. and Licensee established by this Agreement is that of independent
contractors. Nothing in this Agreement shall be constructed to create any other
relationship between Japan ZYX Co./Asia Glove, Inc. 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 Japan ZYX Co./Asia Glove, Inc., loses
the patent right for any reason, ZYX International will retain, per this
agreement, all rights pertaining to the manufacture, sales, and distribution of

<PAGE>

"Tomigel" and "Junon System" in North America and South America. This shall be
agreed upon by SK ZYX Research Co., and Dr. Shigetomi Komatsu.

     11.9. Notices.  Any notice, report, communication or consent required or
permitted by this Agreement shall be in writing and shall be 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.

Dr. Shigetomi Komatsu
865 Jyunisou, Kamukuraoshi, Kanagawa-Ken,
Japan

Japan ZYX Co.
1-7-10 Hirakawa-cho S building 5th floor, Tokyo Japan

Asia Glove, Inc.
1-7-10 Hirakawa-cho S building 5th floor, Tokyo Japan

ZYX International, Inc.
3816 West Linebaugh Ave, Suite 200, Tampa, FL 33624.

Global Assets and Services, Inc.
3816 West Linebaugh Ave, Suite 200, Tampa, FL 33624.

        11.10. Modification; Waiver. This Agreement may not be altered, amended
or modified in any way except by a writing signed by all parties. The failure of
any party to enforce any rights or provisions of the Agreement shall not be
construed to be a waiver of such rights or provisions, or a waiver by such party
to thereafter enforce such rights or provision or any other rights or provisions
hereunder. No waiver shall be effective unless made in writing and signed by the
waiving party.

<PAGE>

     11.11.  Entire Agreement.  The parties hereto acknowledge that this Agree-
ment, 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 not 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.

       IN WITNESS WHEREOF, All parties indicated below and Licensee has executed
this Agreement by their respective duly authorized representatives.

Licensors:                                      Licensee:

/s/ Dr. Shigetomi Komatsu                       /s/ Steve Oto
--------------------------                      ------------------------------
Dr. Shigetomi Komatsu                           Steve Oto

                                                Parent Company of Licensee:
/s/ Shigetomi Komatsu
--------------------------
SK ZYX Research Co.
                                                /s/ Bertram Cutler
                                                --------------------------------
                                                Global Assets and Services, Inc.

/s/ Renji Shirakamil
--------------------------
Japan ZYX Co.

/s/ Koki Nagashima
--------------------------
Asia Glove, Inc

<PAGE>

                                    EXHIBIT A

                             Description of Patents

     A.  "Tomigel"

       1. Patent Number 3175072, with Commissioner, JAPAN PATENT
          OFFICE, granted and registered April 6th, 2001

          Title of Invention : INORGANIC HARDENING AGENT AND
          ITS MANUFACTURING METHOD

       2. International Patent filed on September, 2002 with
          The International Patent Office in Switzerland.

     B     "Junon System"

      1.  Patent Numbers, with Commissioner, JAPAN PATENT
           OFFICE, granted and registered on dates indicated below:

           Patent No.:
            No. 1581420                                   October 11, 1990
            No. 3156127                                   September 11, 1998

           Registered New Application No.:
            No. 3047761                                   October 2, 1998
            No. 3060372                                   June 9, 1999

      2.   International Patents:

              a.  Patent No. 2,105,142 with Canadian Intellectual Property
                  Office, granted and registered on March 03, 2001

                 Title of Invention : METHOD OF RECOVERING
                                      POLYSTYRENE WASTE MATERIALS
                                      ITS APPARATUS FOR DISSOLVING

<PAGE>

                                   APOSTILLE

                   (Convention de La Haye du 5 Octobre 1961)

        1.      Country:        JAPAN

                this public document

        2.      has been signed by Toshiaki HOUKIN

        3.      acting in the capacity of Director of the Tokyo Legal Affairs
                Bureau

        4.      bears the seal/stamp of

                                    Certified

        5.      at Tokyo                             6.  Sep 12 2002

        7.      by the Ministry of Foreign Affairs

        8.      02 - No 000976

        9.      Seal/stamp:                          10. Signatures:

                                                   /s/ S. Hagiwara
                                                   Shinichi HAGIWARA
                                                   ------------------------
                                                   For the Minister for Foreign
                                                   Affairs

                                                         Registration NO.1320

<PAGE>

                              NOTARIAL CERTIFICATE

        This is to certify that Mr. koki NAGASHIMA, President of Asia

        Glove, Inc., has acknowledged himself in my very presence that

        the signature on the foregoing document is his own.

                Dated this 12th day of Sep., 2002.

                                /s/ Akira Kitan
                                --------------------------------
                                AKIRA KITAN

                                NOTARY

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