Search Results  >  Agreement Preview
Agreement#: AG-407915
Pages: 6 pages
Format: MS Word, WordPerfect and other RTF formats are supported. MS Word Compatible
Price: $35.00
Click the "Add To Cart" button to download the full agreeement.
Add To Cart


Exclusive Distribution Agreement

Exhibit 10.15

Term Sheet for Exclusive Distribution Agreement

February 2006

Nidaria Technology Ltd.

And

Teeka Tan Products


Parties

Nidaria Technology Ltd. (" Nidaria" ) and Teeka Tan Products intend to enter into an exclusive distribution agreement (the " Agreement" ) for purposes of commercializing the sun care product line by the name of Safe SeaTM, with active ingredients which have the effect of jellyfish sting inhibitor (the " Products" ).


Terms

Five (5) year exclusive agreement for defined " Retail Consumer Markets" in certain territories as described below (the " Territory" ).


Products price

Teeka Tan will pay the cost listed below per product. The products would be supplied as bulk in one of the two alternatives, at Nidaria' s decision:

1. $14 per Kg (SPF0 SPF30) FOB Israel.

2. $14.8 per Kg (SPF0 SPF30) DDU Daytona Beach, FL (sea freight).


ullet Bottle Label and fill are at the expense of Teeka Tan

ullet The price for SPF50 will be higher by $3.15 per Kg.


Payment terms will be one of the two, at Teeka Tan' s decision:

1. In advance of production by wire transfer or credit card.

2. 60 days from B.L by an irrevocable confirmed LC, by wire transfer.


Appointment and License

Nidaria will grant Teeka Tan a non-exclusive, personal, limited, and non-transferable license for the term of the Agreement, to use and display the Nidaria Trademarks for the sole purpose and in accordance with Teeka Tan obligations under this Agreement. Trademarks shall mean those:

ullet Trademarks;

ullet Trade names

ullet Service marks;

ullet Trade Dress;

ullet Logo

ullet Copyrights in advertising and promotional materials; and

ullet Website and all website links in the territory.

ullet Teeka Tan has the right to appoint sublicenses subject to the control and responsibility of Teeka Tan.


Nidaria endash Teeka Tan Distribution Term Sheet

February 2006

Minimum Purchases and Warrant

Teeka Tan agrees to purchase an aggregate minimum amounts per each 12 months period starting on the signing date (each a " contract year" ) as follows:

1st Year 3,750 Kg

2nd Year 6,250 Kg

3rd Year 7,500 Kg

4th year 11,875 Kg

5th year 15,625 Kg


Additionally, Teeka Tan will issue Nidaria a warrant to purchase up to 1 million shares of Teeka Tan' s restricted common stock, at a price per share of .05. The warrant shall be exercisable during a period of 5 years.


Territory and Channels

The agreement will grant Teeka Tan exclusive rights to market the Products as described herei ...

*End of Preview*
Click the 'Add to Cart' button to download the complete and formatted agreement.