Attached files

file filename
EX-31.2 - EXHIBIT 31.2 SECTION 302 CERTIFICATION - Pharmagen, Inc.f10q063012_ex31z2.htm
EX-32.1 - EXHIBIT 32.1 SECTION 906 CERTIFICATION - Pharmagen, Inc.f10q063012_ex32z1.htm
EX-31.1 - EXHIBIT 31.1 SECTION 302 CERTIFICATION - Pharmagen, Inc.f10q063012_ex31z1.htm
EX-32.2 - EXHIBIT 32.2 SECTION 906 CERTIFICATION - Pharmagen, Inc.f10q063012_ex32z2.htm
EX-10.20 - SUNPEAKS HURRICANE SPORTS AGREEMENT (00054674).DOCX - Pharmagen, Inc.f10q063012_ex10z20.htm
EX-10.15 - EXHIBIT 10.15 AZ CARDINALS AGREEMENT - Pharmagen, Inc.f10q063012_ex10z15.htm
EX-10.14 - EXHIBIT 10.14 PHILADELPHIA SOUL AGREEMENT - Pharmagen, Inc.f10q063012_ex10z14.htm
EX-10.19 - EXHIBIT 10.19 PULSE ADVERTISING AGREEMENT - Pharmagen, Inc.f10q063012_ex10z19.htm
EX-10.13 - EXHIBIT 10.13 PASS THROUGH AGREEMENT TRAILBLAZER - Pharmagen, Inc.f10q063012_ex10z13.htm
EX-10.11 - EXHIBIT 10.11 PROMISSORY NOTE LYSANDER OVERSEAS - Pharmagen, Inc.f10q063012_ex10z11.htm
EX-10.18 - EXHIBIT 10.18 WFAN CBS RADIO AGREEMENT - Pharmagen, Inc.f10q063012_ex10z18.htm
10-Q - FORM 10-Q QUARTERLY REPORT JUNE 30 2012 - Pharmagen, Inc.f10q063012_10q.htm
EX-10.17 - EXHIBIT 10.17 DAYTON WALGREENS AGREEMENT - Pharmagen, Inc.f10q063012_ex10z17.htm

Exhibit 10.16


BINDING LETTER OF COMMITMENT


THIS BINDING LETTER OF COMMITMENT ("Commitment") is entered into as of April 19th, 2012 by SOVEREIGN TALENT GROUP, Inc (the "Team") located at 8421 Wilshire Blvd, Suite 200, Beverly Hills, CA 90211, and Healthcare Distribution Specialists "CLOTAMIN" located at 9337 Fraser Ave, Silver Spring, MD, 20895 (“Vendor”).


Description of Agreement


Burt Reynolds agrees to   appear in a print campaign for the product Clotamin for $70,000. One six hour work day, hair and makeup person, and transportation shall be provided. Term on the agreement is 6 months exclusive. There shall be no stand alone figures of Burt Reynolds in stores. Burt Reynolds’s photo shoot will be before 5/13/2012. Payment should be made out to Burt Reynolds's Corporation Clematis Productions Inc. Money is to be wired into Sovereign’s Escrow Account no later than noon on Friday 4/20/2012.


Burt Reynold's Responsibilities


·

Burt Reynold's agrees to appear in a print advertising campaign that includes but is not limited to newspapers, magazine, displays, and www.clotamin.com for a period of 6 months. Burt Reynold further agrees that the shoot will take place prior to 5/31/2012


HDS Responsibilities


·

HDS will pay Burt Reynold's Corporation Clematis Productions, Inc, a fee of $70,000 for use of Burt Reynold's image for a period of 6 months. HDS also agrees to provide one six hour work day, hair and makeup person, and transportation to the shoot. HDS agrees to no stand alone figures of Burt Reynold. HDS accepts financial responsibility for this agreement and further agrees to pay the Burt Reynolds's Corporation Clematis Productions Inc a fee of $70,000 net in exchange for these benefits. Funds will be sent to;


Sovereign’s wire information is as follows: Sovereign Talent Group Inc.

Wells Fargo Bank

Routing#: 122000247

Account#: 5968737584


Money is to be wired into Sovereign's Escrow Account no later than noon on Friday: 4/20/2012,


Mutual Indemnification


Each party hereto agrees to indemnify and hold harmless the other party and its respective officers, directors, partners, employees, agents and representatives, from and against all claims, suits, damages, costs, demands, liabilities and expenses, including reasonable attorneys' fees, arising from or relating to (i) third, party claims or (ii) any act or omission, or breach of any of the terms or conditions of this Agreement, by the indemnifying party, its officer, directors, partners, employees, agents and representatives, except to the extent of misconduct or negligence on the part of the indemnified party. Further, Burt Reynolds's Corporation Clematis Productions Inc and Burt Reynold’s will be held harmless should there be any issue that arises from use of Clotamin.


Accept and Agreed.


Healthcare Distributions

 

SOVEREIGN TALENT GROUP

Specialists, LLC

 

 

 

 

 

 

 

By:

/s/  Mackie Barch

 

By:

/s/  Peter Young

Printed Name:

Mackie Barch

 

Printed Name:

 

Title:

CEO

 

Title: President

 

 

Address: 9337 Fraser Avenue

 

Address:

 

 

Silver Spring, MD  20910