EXHIBIT 10.7
PLATINUM AND GOLD RECORDING AND PUBLISHING CORP.
0000 Xxxxxx Xxxx, Xxxxx 000 x Xxxx Xxxxx, XX 00000
Phone: (000) 000-0000 o Fax: (000) 000-0000
July 1, 1998
Xxxxx Xxxxxx
000 XX 0xx Xxxxxx
Ft. Lauderdale, FL 33304
This letter is to express the intent of Platinum and Gold Recording and
Publishing Corp. to enter into a contract with you for the purposes of recording
a single compact disc and cassette to be sold through a TV 800 number by either
QVC, Home Shopping Network, Cable TV or all of them. This will furnish the
capability to complete an album with you through a joint-venture formed by
Platinum and Gold Recording and Publishing and a renown company.
This Letter of Intent will formerly go into contract within 10 to 15 weeks.
Recording at New River Recording Studio will begin at that time. Capital will be
raised through a private placement for the completion of these two projects. We
will proceed to contract if agreeable by both parties.
In addition, it is the intent of Platinum and Gold Recording and Publishing
Corp., to act as an agent/manager to secure musicians and appearances for the
purpose of performing track dates for radio and TV.
The structure of the agreement is complete and shall be governed in all respects
by the laws of the State of Florida.
An executed copy of this Letter of Intent shall be deemed to be an original,
enforceable and admissible document for all purposes as may be necessary to
enforce the terms hereof.
Sincerely,
Platinum and Gold Recording and Publishing Corp.
by: by:
/s/ Xxxxxxx X. Xxxxxx /s/ Xxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx
President/CEO VP/Secretary
/s/ Xxxxx Xxxx
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Xxxxx Xxxx
CFO/Treasurer
Xxxxxx to and accepted this 1st day of July, 1998.
/s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx
