EXHIBIT 10.4
AGREEMENT
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THIS AGREEMENT, made
as of April 13, 2005, by and
between
Icy Splash Food &
Beverage, Inc.,
a New York
corporation
having an office
at
535 Wortman Avenue,
Brooklyn, New York, NY
11208 (hereinafter called "Icy
Splash"), and MountSpil
Products Corp., a New York corporation having an
office at 653 Atkins Avenue,
Brooklyn, New York 11208 (hereinafter called
"MountSpil"),
W I T N E S S E T H :
WHEREAS, MountSpil is
the importer of
MountSpil Farms Honey,
Shan Preserves and Shan Peanut
Butter, MountSpil has created a logo and
trade
name for the products
(which are "MountSpil
Farms" and "Shan"),
and
MountSpil
also repacks many types of dried fruits, nuts and candy under the
MountSpil
Farms trade name;
and
WHEREAS, in order
to preserve the value of its trade
names,
MountSpil wishes to allow Icy
Splash to sell MountSpil's products exclusively to
retailers, distributors and
others in the tri-state area of New York, New Jersey
and Connecticut and to
operate using the trade names MountSpil, MountSpil Farms
and Shan (the "Trade Names");
and
WHEREAS, MountSpil
understands and agrees that Icy Splash may
market and sell other food items and use
the Trade Names in connection with its
food division, including with
respect to other than MountSpil products; and
WHEREAS, MountSpil
wishes to allow Icy Splash to use parts of
MountSpil's warehouse and is willing to
provide certain Warehouse Services (as
hereinafter defined) to Icy Splash, as well as to assist Icy Splash with
collections from customers;
and
WHEREAS, MountSpil
intends to bill Icy Splash for
Warehouse
Services, collection and any
other services to be
provided, such services to be
authorized in writing in
advance by Icy Splash;
NOW, THEREFORE, MountSpil and Icy Splash, in consideration
of
the mutual covenants and
agreements hereinafter set forth, covenant and agree as
follows:
1. License. (a) "Licensed Products" shall mean all products bearing
the
Trade Names, now or hereafter
produced, marketed or sold by MountSpil and/or Icy
Splash, and all logos, trademarks, trade names, service marks and brands
associated with such
products.
(b) MountSpil hereby irrevocably grants to Icy Splash, and Icy
Splash
hereby accepts, for the Term
(as hereinafter defined) of this Agreement and upon
the terms and conditions
herein set forth, a royalty-free license to produce and
market and sell, within the
states of New York, New Jersey and Connecticut (the
"Territory"), the Licensed
Products.
(c) The license granted herein shall be exclusive, in that only
Icy
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Splash and its affiliates shall have the right
during the Term to
market and
sell the Licensed Products in
the Territory.
(d) MountSpil
understands and agrees
that Icy Splash may market and
sell other food items and use the Trade Names in connection with its food
division, and MountSpil irrevocably consents to Icy Splash's
doing business
during the Term as
"MountSpil, a division
of Icy Splash Food & Beverage, Inc."
and/or making the appropriate filing(s) to use any of the Trade
Names as an
assumed name and so using the
Licensed Products.
2. Warehouse
Services. (a)MountSpil
agrees to provide the following
warehouse services (the "Warehouse Services") to Icy Splash at MountSpil's
premises. MountSpil shall
bill Icy Splash, and Icy Splash shall pay to MountSpil
an amount equal to $8,000 per
week for storage,
receiving and tracking, loading
and order preparation of
merchandise in limits as listed below:
(i) Storage - up to 300 pallet loads
(ii) Receiving and tracking- up to 100 pallet loads per
week
(iii) Loading -up to 100 pallet loads per week
(iv) Order preparing - up to 100 pallet loads per week
(b) For any
other services
requested in writing by Icy Splash to be
provided by MountSpil,
including any trucking and collection services,
MountSpil
will bill Icy Splash separately at prices to be agreed upon in advance in
writing by the parties
hereto. MountSpil shall not be obligated
to provide any
trucking or delivery services
to Icy Splash hereunder.
(c) MountSpil shall
perform all
Warehouse Services and all other
services in a lawful,
timely, efficient and workman-like manner, using such
technology as is reasonably necessary for MountSpil to provide the
Warehouse
Services.
3. Term. The term of this Agreement shall commence on the date
hereof
(the "Commencement Date"),
and sha