Exhibit 10.16
[LOGO OF CHAMPIONLYTE]
0000 XX 000xx Xxxxxxxx, XX 00000 Phone: (000) 000-0000 Fax: (000) 000-0000
Mr. Xxxxxx Xxxxxxxxx
00000 Xxxxxx Xxxx 000
Xxxxxx, XX 00000
Dear Xx. Xxxxxxxxx:
This agreement, dated May 20, 2003, is to serve as a letter of intent between
ChampionLyte Beverages, Inc. ("ChampionLyte" or "the Company") and Xxxxxx
Xxxxxxxxx ("Xxxxxxxxx"), with respect to the personal service of Xxxxxxxxx.
Whereas ChampionLyte wishes to retain Xxxxxxxxx, a retired Professional Football
Player, to represent the ChampionLyte products, the following outlines the
agreed terms of that agreement:
1. SERVICES- Xxxxxxxxx agrees to provide his endorsement to ChampionLyte's
products whereby the Company may use Xxxxxxxxx'x likeness, voice or
performance, and biographical material solely for the purpose of
advertising and promoting ChampionLyte's products. Any use o f National
Football League logos or trademarks, are strictly prohibited.
Xxxxxxxxx will be available %or print, radio, and television
photography/video sessions twice per year. Additionally, ChampionLyte
shall be entitled to a minimum of 6 promotional days each year. This
would include press conferences, major trade show appearances, and
business trips to promote a major sale, as well as any consumer
appearances. (This would include any autograph sessions, and time spent
with winners of promotional events.)
All scheduling of said appearances will be considerate of Xxxxxxxxx'x
time and availability. All advertising material/media and press
releases will be cleared with Xxxxxxxxx or his agent prior to release.
ChampionLyte will provide all transportation and lodging costs
associated with any such travel.
2. TERM- The duration of this agreement shall be a period of one year from
the date hereof. It is also understood that For the duration of the
said period, Xxxxxxxxx will not engage in a similar arrangement
involving any parties, companies or products considered Lo be of a
competing nature.
3. COMPENSATION- in consideration of the obligations set forth in
paragraph 1, ChampionLyte agrees to pay Xxxxxxxxx 100,000 unrestricted
common shares of ChampionLyte. The first payment of 50,OOO will be made
within seven days of the date of this agreement. The second 50,000
shall be issued on the six-month anniversary of the agreement.
If the following accurately sets forth your understanding, please sign below and
return.
CHAMPIONLYTE BEVERAGES, INC.
BY: /s/ Xxxxx Xxxxxxxx
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PRINT: XXXXX XXXXXXXX
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DATE: 5/20/03
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XXXXXX XXXXXXXXX
BY: /s/ Xxxxxx Xxxxxxxxx
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PRINT: XXXXXX XXXXXXXXX
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DATE: 5/30/03
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