Attached files
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EX-10 - Charlie's Holdings, Inc. | ex10-08252011_090844.htm |
(Exact name of small business issuer as specified in its charter)
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)
(Address of principal executive offices)
(Registrant's Telephone number)
(Former Name or Former Address, if Changed Since Last Report)
On August 17, 2011, Bazi International Inc. (the "Company") entered into an exclusive supply agreement with Orthopedic National Network, LLC ("ONN"). Under the terms of the agreement ONN shall purchase a joint health supplement functional beverage recently developed by Bazi for ONN ("Bazi Joint"), for an exclusive period of two years. In exchange for the exclusive distribution period, ONN will provide the Company with product testimonials, research and endorsement of Bazi Joint. The Company will receive 25% of the net profits derived from ONN from the sale of Bazi Joint during the two year distribution period. Upon expiration of the distribution period, the Company will continue to sell Bazi Joint on a non-exclusive basis to ONN, and pay ONN a royalty of 7.5% of net sales for a period of twenty years from the expiration of the initial distribution period.
Bazi International, Inc. |
By: | /s/ John Pougnet |
Name: John Pougnet | |
Title: Chief Financial Officer |
Exhibit No.
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Description
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EX-10.10
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ONN Exclusive Supply Agreement
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