Attached files
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| 8-K - FORM 8-K - PACIFICHEALTH LABORATORIES INC | t68601_8k.htm |
Exhibit
10.1
Signal
Nutrition LLC
247 Kemp
Ave.
Fair
Haven, NJ 07704
July 27,
2010
PacificHealth
Laboratories
100
Matawan Rd
Matawan,
NJ 07747
Based
upon your input I have set forth terms of a consulting agreement.
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I.
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Parties
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a.
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This
consulting agreement is between PacificHealth Laboratories and Signal
Nutrition LLC
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II.
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Responsibilities
of Signal Nutrition, LLC
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a.
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Science
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i.
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Develop
a cohesive scientific posture for the sales group using new and existing
studies
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ii.
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Work
with outside researchers to set up new studies that will support and
extend the benefits of PHLI’s line of endurance
products
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iii.
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Design,
solicit and review study protocols to be conducted by outside
investigators
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iv.
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Analyze
any existing research that can be submitted for publication and used in
marketing and sales efforts
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v.
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Assist
in getting studies published
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vi.
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Liaison
with potential licensees for PHLI
technology
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b.
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Marketing/Communications
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i.
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Analyze
existing sales data and tactics
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ii.
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Formulate
strategies that can help re-establish PHLI as a leader in
sports nutrition
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iii.
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Draft
a 2011 marketing plan based upon product and corporate
goals
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iv.
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Based
upon approved marketing strategy, develop a detailed communication plan
that includes elements, tactics, budget and
timing.
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v.
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Manage
outside creative group to develop creative elements to implement plan
including ads, consumer, and trade
brochures
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c.
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New
products
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i.
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Develop
multiple new product concepts that complement existing endurance line and
develop specific sales, marketing and science strategies to launch such
products
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ii.
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Work
with outside formulators to develop commercially viable
products
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d.
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Other
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i.
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Author
articles as requested for submission to specialty sports
journals
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ii.
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Give
lectures and talks as requested to consumers and trade on endurance
nutrition
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III.
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Time
Requirement
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a.
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It
is estimated that Signal Nutrition would spend 80 hours per month in
execution of this agreement
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IV.
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Compensation
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a.
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PacificHealth
Laboratories will pay Signal Nutrition a monthly fee $11,000 on the first
of every month, commencing on September 1,
2010.
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b.
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Additionally,
PacificHealth Laboratories will pay any travel expenses for travel
requested and approved by PacificHealth
Laboratories
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c.
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After
6 months, both parties will review the monthly fee and, if necessary, make
any adjustments based on future anticipated
activity.
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V.
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Term
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a.
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Subject
to Article VI below, this agreement will run for 6 months starting on
August 1, 2010 with the option to renew for an additional 6
months.
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VI.
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Termination
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a.
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This
agreement can be terminated by either party on 15 days notice.
PacificHealth Laboratories will be responsible for paying any fees or
approved travel expenses thru the date of
termination
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| Sincerely, | |||
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|
/s/ Robert Portman | |
| Dr. Robert Portman |
Agreed
to
| /s/ Fred Duffner | |
| Fred Duffner | |
| CEO | |
| PacificHealth Laboratories |