Exhibit 10.14
[LOGO OF CHAMPIONLYTE]
0000 XX 000xx Xxxxxxxx, XX 00000 Phone: (000) 000-0000 Fax: (000) 000-0000
Mr. Xxxxx Xxxxxx
0000 XX 000xx Xxxxxx
Xxxxx, XX 00000
Dear Xx. Xxxxxx:
This agreement, dated May 20, 2003, is to serve as a letter of intent between
ChampionLyte Beverages, Inc. ("ChampionLyte" or "the Company") and Xxxxx Xxxxxx
("Xxxxxx"), with respect to the personal service of Xxxxxx.
Whereas ChampionLyte wishes to retain Xxxxxx, a retired Professional Baseball
Player, to represent the ChampionLyte products, the following outlines the
agreed terms of that agreement:
1. SERVICES- Xxxxxx agrees to provide his endorsement to ChampionLyte's
products whereby the Company may use Xxxxxx'x likeness, voice or
performance, and biographical material solely for the purpose of
advertising and promoting ChampionLyte's products. Any use of National
Baseball League logos or trademarks, are strictly prohibited.
Xxxxxx will be available for 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 Xxxxxx'x time
and availability. All advertising material/media and press releases
will be cleared with Xxxxxx 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, Xxxxxx will not engage in a similar arrangement involving
any parties, companies or products considered to be of a competing
nature.
3. COMPENSATION- In consideration of the obligations set forth in
paragraph 1, ChampionLyte agrees to pay Xxxxxx 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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XXXXX XXXXXX
BY: /s/ Xxxxx Xxxxxx
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PRINT: XXXXX XXXXXX
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DATE: 5/29/03
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