[LETTERHEAD OF HYDRON TECHNOLOGIES, INC.]
May 20, 1997
Mr. Xxxxxxx Xxx
Xxxxxxx Xxx Associates, Inc.
00-00 Xxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Dear Xxxxxxx:
This will confirm our agreement with regard to your television appearances
on QVC for the two (2) year period of May 1, 1997 through April 30, 1999.
Xxxxxxx Xxx agrees to be available to appear on live television broadcasts at
the studios of QVC, as may be requested by Hydron Technologies, Inc. ("HyTech")
or QVC, for the purpose of marketing products of HyTech. In consideration
thereof, XxXxxx agrees to pay Xxxxxxx Xxx a royalty fee out of the sales of
products based upon patents assigned by Xxxxxxx Xxx to HyTech equal to the sum
of $3,000 per month for each month during which you make personal "appearances"
at QVC. As you are aware, the term "appearances" is defined in the License
Agreement (as amended) with QVC and means live appearances over a one (1) to
three (3) consecutive day period, on dates determined by QVC and HyTech, during
hours determined by QVC.
During the term of this letter agreement, Xxxxxxx Xxx agrees to be
available to appear for taping or retaping of one (1) or more infomercials for
the purpose of marketing products of HyTech. For purposes hereof, such
appearance at a taping for an infomercial shall also constitute an appearance
for which Xxxxxxx Xxx shall be paid the above royalty fee.
Xxxxxxx Xxx hereby consents to the use in perpetuity of the name, image,
likeness, signature and voice of the undersigned in any and all manner, method
and media as Hydron Technologies, Inc. shall in its sole and absolute discretion
determine.
If Xxxxxxx Xxx shall travel outside of the State of New Jersey at the
request of HyTech, then HyTech shall reimburse Xxxxxxx Xxx for the reasonable
expenses of such traveling.
If this accurately sets forth our agreement and understanding, kindly
indicate your acceptance by signing all three (3) duplicates in the lower left
hand corner, retain one for your files and return the other two (2) to me.
Very truly yours,
/s/ Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx,
Executive Vice President
Accepted and Agreed:
/s/ Xxxxxxx Xxx 5/22/97
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Xxxxxxx Xxx
