Allstar Marketing Inc MARKETING & DISTRIBUTION AGREEMENT
EX-10.1 2 dex101.htm MARKETING AND DISTRIBUTION AGREEMENT TERM SHEET WITH ALLSTAR MARKETING GROUP, LL Marketing and Distribution Agreement Term Sheet with Allstar Marketing Group, LL
Exhibit 10.1
Allstar Marketing Inc
MARKETING & DISTRIBUTION AGREEMENT
TERM SHEET
AGREEMENT EFFECTIVE DATE: | 6/9/09 | |
PARTIES: | Dynamic Response Group 4770 Biscayne Blvd, Ste 780 Miami, FL 33137 Contact: Melissa Rice, CEO ***@*** | |
AMG | Allstar Marketing Group, LLC (herein referred to as AMG) 4 Skyline Drive Hawthorne, NY 10532 Contact: Scott Boilen, President ***@*** | |
PRODUCTS, COMPONENT PARTS, & DESCRIPTION/USE | Gem Magic | |
TERRITORY | Us & Canada | |
DISTRIBUTION CHANNELS | Direct Response (TV, Internet & Print) | |
TERMS | 40% To Allstar- 60% to DRG profit split based on Net income. | |
TERM OF AGREEMENT | 1 year with automatic Renewals upon sales of 100K units. | |
SPECIAL TERMS & CONDITIONS | Allstar Marketing Inc will sell the Product to DRG at Allstars actual cost of goods. Allstar will provide all footage on the Product to DRG for DRG to utilize in its advertisement. | |
At the point in which DRG spends 1,000,000 in TV advertising, AMG agrees to pay DRG a reverse royalty of 40% of the profits generated through the sale of the Product by AMG through all other channels of distribution. |
The Parties each agree to the terms of this Agreement which expression includes this Term Sheet.
Signed for and on behalf of: | Signed for and on behalf of: Allstar Marketing Group, LLC | |||
Date: _____________________________________________ | Ron Steblea, Executive Vice President | |||
Date: 7-13-09 |