Exhibit 10.21
[GRAPHIC]
tpm
Thursday, December 06, 2001
Xx. Xxxxxx Xxxxxxx
PowerChannel Holdings Inc.
20 Xxxxxxxx Xxxx.
New City, NY 10956
Dear Xxxxxx:
The following letter shall constitute the points of agreement between Target
Promotions & Marketing, Inc. (TPM) and PowerChannel Holdings, Inc. (PC) with
regards to marketing services offered by TPM.
1. Term. The term of this agreement is for four (4) months
beginning December 1, 2001 and ending on March 31, 2002.
2. Duties. TPM has been retained to provide marketing services
for PC, specifically:
a. Develop marketing strategies to help launch PC in the
US Hispanic market.
b. Research marketing alliances/cross-partnerships
among appropriate partners.
c. Provide TPM sales contacts and resources to help
secure these relationships.
d. Represent PC to appropriate partners and sponsors.
e. Provide ongoing PR, coordination, partnership sales
and management support for the project after launch.
f. Submit and execute media/marketing plans and budgets.
g. Perform services, as required, to support the above
efforts.
3. Compensation. PC agrees to pay TPM a monthly fee of Eighteen
Thousand Five Hundred Dollars ($18,500) per month on the first
day of each month beginning December, 2001 and running through
March, 2002.
4. Expenses. PC agrees to reimburse TPM within 15 days of invoice
for any pre-approved expenses, such as travel, hotel,
entertainment, phone, faxes, supplies that are required to
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xxx@xxxxxxxx.xxx
fulfill the above obligations. Any expense under $250 will not
require pre-approval. Any pre-approved expense not paid within
15 days is subject to a 10% penalty.
5. Additional Materials and/or Services. Any additional materials
and/or other services, which are not specifically delineated
herein that are authorized by PC shall be billed to PC for
payment in advance.
6. The Agreement and the rights and obligations of the parties
shall be construed in accordance with and be governed by the
laws of the State of California. The venue for any arbitration
or litigation related to this Agreement shall be Los Angeles
County - California.
7. This Agreement cannot be amended or modified without a writing
executed by both parties.
Xxxxxx, thank you for your continued belief in our work.
Sincerely,
Xxx Xxxxxxx
Chairman
cc. Xxxxxx Xxxxx
Xxxxxxx X. Xxxxxxx
AGREED TO AND ACCEPTED BY:
/s/ Xxxxxx Xxxxxxx
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for PowerChannel Holding, Inc.
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for Target Promotions & Marketing, Inc.
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[p] 310-276-8944 o [f] 000-000-0000
xxx@xxxxxxxx.xxx
