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Is this contract valid?

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Junior Member
What is the name of your state (only U.S. law)? California

Here's the image of the contract, http://i.imgur.com/fooF6or.png

The color in Red is my name,
The color in Black is the name of person I made the contract with
The colors in Blue / Purple are the names of the Facebook Pages.
THe color in Green is the name of the man we're purchasing the facebook page from.

Is the contract in the image Valid?
I heard that it's illegal to buy Facebook pages, because of Facebook's Terms of Service.
If so, is the Severability clause at the bottom of the contract still valid (Or is the whole contract itself voided)

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