EXHIBIT 10.16
LETTER OF AGREEMENT
This is an agreement between B&D Productions and Gold Recording and Publishing
Company. This agreement will begin on May 30, 1999 and expire on May 30, 2001.
Platinum and Gold Recording and Publishing Company has agreed to one CD, "Stolen
Goods" and "A Woman for All Seasons" vocalist Xxxxx Xxxxxxx.
Platinum and Gold Recording and Publishing Company will create a commercial to
market "Stolen Goods" and "A Woman for All Seasons" on television through 1-800
numbers. Major and small recording labels will receive a roster of states, times
and networks the commercial will air. Platinum and Gold Recording and Publishing
Company's best efforts will hopefully achieve a record label contract for Xxxxx
Xxxxxxx. Platinum and Gold Recording and Publishing Company will be responsible
for all expenses incurred for cost of commercials, printing of CD's and
cassettes.
B&D Productions through licensing masters of "Stolen Goods" and "A Woman for All
Seasons", authorizes Platinum and Gold Recording and Publishing Company to print
CD's and cassettes for marketing on TV 1-800 numbers and Platinum and Gold
Recording and Publishing Company's website Xxxxxxxx-Xxxx.xxx.
B&D productions will receive $1.00 for each album sold through any advertising
vehicle Platinum and Gold Recording and Publishing Company produces and uses. If
and when a recording contract is accepted, B&D productions will pay Platinum and
Gold Recording and Publishing Company, a finder's fee of 20% of contract.
In witness whereof, the parties hereto, intending to be legally bound, have
executed this agreement.
PLATINUM AND GOLD PUBLISHING AND RECORDING COMPANY
by: Xxxxxx X. Xxxxxx, President
/s/ Xxxxxx X. Xxxxxx Date: 2-22-00
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B & D PRODUCTIONS
by: Xxxxx Xxxxxxx
/s/ Xxxxx Xxxxxxx Date: 02-22-00
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by: Xxxxxxx Xxxxxx
/s/ Xxxxxxx Xxxxxx Date: 2/22/00
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