Pure Play Music ltd.(fka PPML)

[RandyKCMO]

11/10/2008 8-K SOUNDS TOO GOOD TO BE TRUE....

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6241332-1160-9619&type=sect&dcn=0001019687-08-004934

On November 10, 2008, the Company executed an Agreement (the “Agreement”) with DSG International, PLC. (“DSG”), one of Europe’s largest retailers of electrical goods, to offer a music content promotional program for the sale of co-branded MP3 Players with Pure Play Music, Ltd. (PPM or Pure Play) to be titled “The Great Digital Music Download”. A summary of key provisions of the Agreement follows;

The Sale of Co-Branded MP3 Players

Under the terms of the Agreement DSG shall purchase from Pure Play 500,000 co-branded MP3 Players, pre-loaded with 60 different music tracks pre-selected by Pure Play ,on the following terms:



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The term of the agreement shall be for 12 months. PPM has the option to renew for an additional 12 months for the sale of an additional 500,000 MP3 Players on the same terms and conditions;



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During the first 12 month period, PPM shall supply, and DSG shall Purchase, 200,000 (two hundred thousand) low-spec MP3 Players . Unit. Units shall be delivered in four tranches of 50,000 units each to the Buyer’s main distribution warehouse.



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During the first 12 month period, PPM shall supply, and DSG shall Purchase, 300,000 (three hundred thousand) high-spec MP3 Players .. Units will be delivered in four tranches of 75,000 units each to the Buyer’s main distribution warehouse.



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During the first 12 month period of the agreement PPM shall realize gross revenue of $12,535,050 USD.



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Upon PPM exercising its option for an additional 12 month period PPM shall realize additional revenues of $12,535,050, bringing PPM’s total gross revenues for the sale of 1 million MP3 Players pursuant to this agreement to $25,070,100 USD.



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Payment for each tranche will be paid within 30 days of delivery.