ROYALTY AGREEMENT
This Royalty Agreement made on the 1st day of June, 2000, by and between
Chiro-Partners, Ltd. I (CP) and Sundial Marketing Group, Inc. (SMGI) in
consideration of the following:
WHEREAS, SMGI provided capital investment and other support services in the
creation and establishment of CP and,
WHEREAS, SMGI assisted in the legal process of acquiring the marketing
agreement for the sale of Arthritis Relief Plus by CP and;
WHEREAS, CP is establishing a network of Chiropractic Doctors nationwide
and,
WHEREAS, CP will benefit greatly from the investment and support of SMGI;
THEREFORE, the following is mutually agreed upon:
1. Chiro-Partners, Ltd. I will pay Sundial Marketing Group, Inc. a seven and
one half percent (7.5%) royalty on the sale of each unit of Arthritis Relief
Plus sold by Chiro-Partners, Ltd. I, based on the price for which each unit is
sold.
2. CP financial records will be open for inspection to verify sales anytime
during working hours upon timely notice by a representative of SMGI. Timely
notice shall be at least two (2) days prior to inspection.
3. Payments shall be made at intervals mutually agreed upon in writing by
the parties to this Agreement. The payment schedule may be changed at any time
by written mutual agreement of these parties.
4. This Agreement may not be altered or amended without the expressed
written consent of all parties hereto.
5. This Agreemnt is made, executed, and entered into in Tarrant County,
Texas, and it is mutually agreed that the performance of all parts of this
Agreement shall be made in Tarrant County, Texas.
6. This Agreement is intented by the parties to be governed and construed in
accordance with the laws of the State of Texas.
7. This Agreement shall not be severable or divisible in any way but it is
specifically agreed that, if any provision should be invalid, that the
invalidity shall not affect the validity of the remainder of the Agreement.
THIS AGREEMENT IS EXECUTED ON THE ABOVE DATE BY:
CHIRO-PARTNERS, LTD. I SUNDIAL MARKETING GROUP, INC.
/s/ Xxxxxxx X. Xxxxxx /s/ Xxx Xxxxxxxx
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