Exhibit 10(i)
MEDIA AGREEMENT
Monday, June 9, 2003
Xx. Xxxxxxx X. Xxxxxx
President
Suncoast Naturals, Inc.
0000 Xxxxxxx Xxxxx
Xxxxxxx, XX 00000
Ph: 000-000-0000
Fax: 000-000-0000
Re: Newspaper and Radio Campaign Rollout for Suncoast Naturals, Inc.
NewsUSA is pleased to present this offer to distribute your nationally
syndicated newspaper features to 10,250 daily and weekly newspapers, news and
wire services. Our services will include: feature consultation and development,
writing and editing, printing, delivery, clippings and readership reports
including comparable advertising space value reports. You will have final
approval on all copy.
Your features will be distributed on computer disks, by direct electronic feed,
in camera-ready format, and will be placed on the Internet via NewsUSA's
homepage. News USA will deliver clipping reports beginning ten (10) weeks after
media pick up; these reports will continue to be sent on a monthly basis for one
(1) calendar year from delivery (date feature was distributed).
Although public relations placement is subject to individual editorial
discretion, NewsUSA offers the following courtesy guarantee: each print feature
must receive placements in at least one hundred (100) newspapers [twenty-five
(25) actual clips received]. If the placements do not equate this number of
actual clips within a six (6) month period, NewsUSA will re-write and/or
re-distribute that feature at no cost to you.
Companion Radio. NewsUSA will create radio broadcast news features and
distribute them to 6,600 radio stations nationwide. Our services will include:
feature consultation and development, writing and editing, delivery, tracking
and coverage reports based on station verification. You will have final approval
on all copy and agree to hold harmless and defend NewsUSA from its content and
publication.
Our rates are the following:
50 two-column print features, including Internet distribution via
the NU homepage @ $5,000 each..........................................$250,000
50 radio features @ $5,000 each....................................... $250,000
Subtotal...............................................................$500,000
PROPOSAL/LETTER OF AGREEMENT Page Two
Re: Newspaper and Radio Campaign
Monday, June 9, 2003
Xx. Xxxxxxx X. Xxxxxx, Suncoast Naturals
Payment for contract will consist of $250,000 in cash and $250,000 in equity.
The cash portion of the contract will be paid as follows: $5,000 will be due
upon contract signing and $2,500 will be due with each feature. NewsUSA will
also receive 100,000 shares and 200,000 $1 Registered Warrants based upon a
schedule to be mutually agreed by the parties, except that 50,000 $1 Registered
Warrants will be due upon contract signing and is non-refundable as
consideration for NewsUSA to enter into this contract.
In addition, client agrees to use and/or pay for features at a pace of no less
than 6 newspaper and/or 6 radio features every 3 months beginning with the first
day of November, 2003. Client may, however, use and pay for more features sooner
at their discretion. Client agrees to pay upon receipt of invoice for each
feature at ($5,000 less credit for equity of half) $2,500 each. For any invoice
where payment is received more than 15 calendar days from date of invoice,
client will not benefit from the credit for equity and will pay the full $5,000
per feature.
Client will pay in accordance with the terms of this Agreement or News USA will
put all remaining work on hold and be entitled to all money due under the full
contract and all attorney and collections fees plus 1.5% interest per month
interest paid in cash on the outstanding balance as indicated above. Once News
USA has been paid in full for entire amount of the contract, News USA will
resume with the fulfillment of its work as specified under the terms of the
contract. This agreement shall be governed and judged by the laws of the State
of Virginia.
Please indicate your acceptance of this Agreement by signing below, then please
fax the original at your earliest convenience to:
Xxxx Xxxxx
CEO
NewsUSA 000 Xxxx 00xx Xxxxxx Xxx Xxxx, XX 00000 Ph: 000-000-0000 Fax:
000-000-0000
Agreed and Accepted:
Client: /s/ Xxxxxxx X. Xxxxxx
---------------------
Xxxxxxx X. Xxxxxx
Date: July 15, 2003
Agreed:
NewsUSA Inc.: /s/ Xxxx Xxxxx
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Xxxx Xxxxx
Date: July 18, 2003
