BLAGMAN MEDIA INTERNATIONAL]
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[XXXXXXX MEDIA INTERNATIONAL]
Xx.
Xxxxxx Xxxxxxx
Millennium Multi Xxxxx.Xxx Corp.
Xxxxx 000
Xxxxxxx Xxxxx, XX 00000
Dear Xxxxxx,
The following, when signed by you in the space provided below and returned to us, will constitute an agreement under which we will provide advertising and media buying services to Millennium Multi Xxxxx.Xxx Corp.
- I.
- Exclusive Agency for Placement Services
You have engaged Xxxxxxx Media International (BMU) to be the exclusive Television, Radio and Print advertising, marketing/media, buying agency for Millennium Multi Xxxxx.Xxx Corp. in regards to the "Xxx Xxxxxxx project". The exclusive aspect refers to the length of this contract and for specific creative, media buying and marketing developed under this contract. Please do forward an Agency of record letter for our files and all inquiring parties.
- II.
- Fees and Charges
- A.
- The initial Consulting and marketing service fee is waived.
Services include:
- •
- Assistance
in cost analysis and planning.
- •
- Marketing
strategy and tactics.
- •
- Budget
recommendation/maintenance.
- •
- Demographic
and market research.
- •
- Involvement
in creative production, telemarketing, and fulfillment setup if needed.
- •
- Media
planning and acquisition.
- •
- Full disclosure of all media invoices.
- B.
- Charges for Placement Services
Our compensation for managing and handling the advertising/media buying for Millennium Multi Xxxxx.Xxx Corp. will be the standard agency commission (15%). Commissions are earned on all media negotiated and placed. BMU will remit to you, or you will retain from the media budget 1/3 of the 15% commission due the agency. (BMU 10%/Millennium 5%). During the media test BMU will retain a full 15% commission.
Media—All media will be billed in advance of the month in which it runs based on the media plan offered to Millennium. Subsequent contracts (purchase orders) entered into with stations will be issued. A reconciliation invoice will be issued subsequently for each month based on final station invoices/affidavits. Detailed media reports displaying all results and analysis will be faxed and/or e-mailed on a weekly basis (with daily reports made available as needed). All media is payable at least 17 days prior to the first air date for the entire test flight for applicable media providers. All stations will be paid in advance of their air dates (cash in advance status).
Creative charges are waived for the test creative. All creative and production charges will be the responsibility of Millennium Multi Xxxxx.Xxx Corp.
- C.
- Other Charges/Pre Approved Expenses/Reimbursements:
All out-of-pocket expenses incurred in servicing your account including, but not limited to production, dubbing, shipping charges, messenger service/air freight will be billed with documentation. As an advertising agency we are required to send out view tapes as well as payments to stations via express delivery (FedEx etc...). We can use Millennium's FedEx account or use Bio's. All charges will be paid by Millennium with documentation. All other charges will require pre approval in writing by Millennium for reimbursement.
You agree to provide Xxxxxxx Media International Inc. with such financial statements and other evidence of creditworthiness as Xxxxxxx Media International Inc. may, from time to time, request. Xxxxxxx Media International Inc. reserves the right to require payment in advance and or other form of credit protection acceptable to Xxxxxxx Media International, Inc. in the event it determines that your financial condition or liquidity creates an uncertainty as to your ability to comply with payment terms of the Agreement and or media outlets. All direct response advertising is payable in advance.
- III.
- Submission, Warranties, and Indemnities
We agree to submit all advertising and related materials to you for your approval prior to release to any media. You agree and warrant that your approval of such material verifies that the content therein is truthful and legal and that your product will perform as indicated within said material. If any lawsuit or other proceeding, whether instituted by any governmental body or any other person or organization is brought or threatened against Xxxxxxx Media International Inc., or any of its affiliates, executives, or employees, you will indemnify and hold harmless Xxxxxxx Media International Inc., or its affiliates, executives, or employees, as appropriate, for any and all damages resulting therefrom, including, but not limited to, actual damages, punitive damages and fines and the legal fees and other costs incurred in defending the said lawsuit or other proceeding. Xxxxxxx Media International Inc. hereby indemnifies Millennium Multi Xxxxx.Xxx Corp. in the event that Millennium Multi Xxxxx.Xxx Corp. incurs damages due to the invasion of privacy or liable/slander committed by Xxxxxxx Media International Inc.
- IV.
- Legal
Xxxxxxx Media International Inc. reserves the right, in the event any amounts claimed by Xxxxxxx Media International Inc. hereunder remain unpaid, to institute arbitration proceedings at the written election of Xxxxxxx Media International Inc., which proceedings shall be conducted in Los Angeles, California under the then current rules of the American Arbitration Association, and any award rendered therein in favor of Xxxxxxx Media International Inc. may be enforced in any court of competent jurisdiction. Nothing contained in this paragraph shall limit or deprive Xxxxxxx Media International Inc. of its rights to resort to judicial enforcement of any of your obligations incurred hereunder.
This agreement shall be interpreted in accordance with the laws of the State of California. In the event legal action becomes necessary to enforce any portion of this agreement, the nonbreaching party will be entitled to reasonable attorney's fees in addition to any relief awarded.
- V.
- Publicity
Any truthful news releases or other public disclosures of Xxxxxxx Media International Inc.'s relationship with Millennium Multi Xxxxx.Xxx Corp. are permitted.
VII. Confidentially
Under no circumstance may the media plans and or rates given to Millennium Multi Xxxxx.Xxx Corp. by BMU be made public or given to other advertising companies or buying services. Calls may not be made to any affiliate and or media entity without BMU approval. Affidavits are available for distribution.
VIII. Term
Your appointment of Xxxxxxx Media International Inc. as your exclusive marketing advertising agency for those products that are assigned to us shall commence upon the date hereof and shall continue until this agreement is terminated. Either party may terminate this agreement at any time upon 90 days written notice, except that the warranties and indemnities provided herein shall survive the cancellation of this agreement. All media placed will survive the termination of this contract should it apply.
If the above meets with your approval, please do sign below. If you have any changes or modifications, please call us so that we may discuss them.
We look forward to a long and mutually profitable relationship.
Sincerely yours, | ||
/s/ XXXXXX XXXXXXX Xxxxxx Xxxxxxx Chairman/CEO |
/s/ XXXXXXX XXXXX Xxxxxxx Xxxxx VP Director Media & Marketing |
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ACCEPTED THIS DAY OF , 2000 |
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/s/ MILLENNIUM MULTI XXXXX.XXX CORP. For: (Print company name—Millennium Multi Xxxxx.Xxx Corp.) |
||
/s/ XXXXXX XXXXXXX By: Xxxxxx Xxxxxxx |
By: (Print name—Xxxxxx Xxxxxxx |
|
/s/ XXXXXX XXXXXXX (Signature of Xxxxxx Xxxxxxx) |
/s/ XXXXX XXXXXXX (Signature of Xxxxx Xxxxxxx) |
|
/s/ XXXXXX XXXXXX Co-Chairman |
January 30, 2001