SPECTRUM PLASTICS, INC.
March 27, 2008
Mr. Anthony Tracy
Perf-Go Green, Inc.
645 Fifth Avenue
New York, New York 10022
Re: Exclusive Manufacturing Arrangement
Dear Mr. Tracy:
This letter is to confirm our mutual understanding and agreement concerning the manufacture by Spectrum Plastics, Inc. (“Spectrum”) of certain biodegradable plastic products on behalf of Perf-Go Green, Inc. (“Perf’). Commencing the date hereof, Spectrum shall manufacture and ship the biodegradable plastic products set forth on Schedule A annexed
hereto, which may be amended upon the parties mutual agreement, (the “Products”) exclusively for Perf. This exclusivity right shall continue for so long as Perf purchases, on a monthly basis, not less than five standard cargo containers in the aggregate of Products, (the “Minimum Purchase Requirement”) commencing 180 days from the date hereof. During the initial 180 day period following the execution of this letter, Perf shall not be required to purchase the
Minimum Purchase Requirement.
All Products shall be manufactured to specifications mutually agreed upon between Perf and. Spectrum. Pricing and terms of sale for Products shall be mutually agreed upon between Perf and Spectrum at the time of the placing of orders. Please acknowledge your acceptance of the foregoing where indicated below.
Very Truly Yours,
/s/ Ben Tran
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