This Joint Venture JV Agreement involves
Title: GENERAL AGREEMENT
Governing Law: California Date: 6/29/2005
Industry: Recreational Products
THIS AGREEMENT, made this 10 th day of March 2003, by and between Amerikal Nutraceutical Corporation (First Party) and Dover Heights Enterprises Ltd. (Second Party).
WITNESSETH, That in consideration of the mutual covenants and agreements to be kept and performed on the part of said parties hereto, respectively as herein stated, the First Party does hereby covenant and agree that it shall for a period of five years:
I Pay to Second Party a commission of 15% of all sales to Asia.
II To pay Second Party for the marketing expenses up to 20% of the sales amount.
III To reimburse Second Party for any third party expenses.
IV To reimburse Second Party for traveling and storage charges.
And, the Second Party covenants and agrees that it shall:
I Get the sales as much as possible.
II To maintain a good relationship with all the clients to ensure that all of the requirements of the health department are fulfilled.
Other terms to be ob