Dephasium Corp. has entered into an exclusive distribution agreement with Dephasium Ltd. to make and sell Dephasium Ltd.'s products in the United States and Canada. The agreement provides for a term of five years with successive five year renewals.

Pursuant to the Agreement, the company will receive a fee equal to 30% of all sales in the United States and Canada. Dephasium Ltd. has agreed to train the company's staff and to help in the marketing of the products.