EXHIBIT 10.5
MEDIVISOR
Accelerating Medical Communication
AGREEMENT
This agreement is entered into this day of September 20, 2006, between
Medivisor, Inc. ("Md", the company), Geopharma, Inc. ("Gp") and Cura
Pharmaceuticals Co. Inc. ("Cu").
For good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:
SCOPE
Geopharma hereby grants to Medivisor the exclusive rights to distribute,
promote, and sell the product Mucotrol through Cura Pharmaceuticals in the
Caribbean Islands, and/or Puerto Rico, in its entirety for the period of two
years. Medivosor shall also have the right to appoint any sub-distributor to
distribute, market, and/or sell Mucotrol in the region of the Caribbean islands,
and/or Puerto Rico.
The contract will terminate by itself if Medivisor is not able to generate a
minum of $3,000,000.00 (USD 3 Million) in sales in the first year.
COMPENSATION
Medivisor shall receive a minimum of $8.25 per bottle from the current
distributor, Cure Pharmaceutical.
GOVERNING LAW
This Agreement shall be construed in accordance with and governed in all
respects by the laws of the State of Florida. Any and all disputes and
controversies of every kind and nature between the parties hereto arising out of
or relating to this Agreement relating to the existence, construction, validity,
interpretation or meaning, performance, non-performance, enforcement, operation,
breach, continuance or termination thereof shall be subject to an arbitration
mutually agreeable to the parties or, in the absence of such mutual agreement,
then subject to arbitration in accordance with the rules of the American
Arbitration Association. It is the intent of the parties hereto and the purpose
of this provision to make the submission to arbitration of any dispute or
controversy arising there under an express condition precedent to any legal or
equitable action or proceeding of any nature whatsoever.
ARBITRATION
Any and all disputes that arise under this Agreement shall be decided under the
Rules of the American Arbitration Association, in the State of Florida.
NOTICE
All notices to be given under this Agreement shall be in writing, and may be
given, served or made by depositing the same in the U.S. mail addressed to the
party to be notified at the address set forth above, or the most recent address
used by the party, post-paid and registered or certified with return receipt
requested, or by recognized overnight delivery service, or by delivering the
same in person to such party.
IN WITNESS WHEREOF, the parties have executed this Agreement.
MEDIVISOR, INC. CURA PHARMACEUTICALS CO. INC GEOPHARMA, INC.
By: /s/ XXXX XXXXX By: /s/ XXXXX XXXXXXXX By: /s/ KOTIJA SEKHARAM
__________________ ______________________ _________________________
Xxxx Xxxxx CEO Xxxxx Xxxxxxxx CEO Kotija Sekharam PRESIDENT
