Amendment to Distribution Agreement between Flurida Group Inc. and Zhong Nan Fu Rui Mechanical Electronics Manufacturing Co., Ltd.
Contract Categories:
Business Operations
›
Distribution Agreements
Summary
This amendment updates the distribution agreement between Flurida Group Inc. and Zhong Nan Fu Rui Mechanical Electronics Manufacturing Co., Ltd. Zhong Nan Fu Rui will be solely responsible for designing and developing icemakers and ice/water distributing systems, with input from Flurida. Additionally, Flurida will pay prices for these products that are comparable to those paid to unrelated parties in standard business transactions. All other terms of the original agreement remain unchanged.
EX-10.2 4 v119782_ex10-2.htm
AMENDMENT TO DISTRIBUTION AGREEMENT
This Amendment to Distribution Agreement made and entered into this 25th day of June 2008 by and between Flurida Group Inc. (hereinafter refers to as “Flurida”), having its principal offices at 800 W. 5th Ave. Suite 210, Naperville, IL 60563, USA, and Zhong Nan Fu Rui Mechanical Electronics Manufacturing Co., Ltd. (hereinafter refers to as “Zhong Nan Fu Rui”), having its principal offices at Plant 3# Xin`an Industrial Park, Economic and Technological Development Zone,Qingdao,China,266500 (collectively, the “Parties”).
NOW, THEREFORE, the Parties agree to the amendment as follows:
Part 1 - Cooperation on Ice making product lines
| A. | Amended to read as follows: Zhong Nan Fu Rui will design and develop icemakers and ice/water distributing systems with input from Flurida Group, Inc. All design and development responsibility shall be solely that of Zhong Nan Fu Rui. |
D. Section D added: The purchase price Flurida will pay for all products subject to this agreement will be comparable to what Flurida would have paid a non-related party in arm’s-length transactions
The remainder of the Agreement remains valid and in full force.
IN WITNESS WHEREOF, the Parties having agreed to the terms and conditions set forth herein signify their intention to be bound thereto through the signatures of their duly authorized representatives which are set forth below.
| Flurida Group Inc. | Zhong Nan Fu Rui |
| Mechanical Electronics Manufacturing Co., Ltd. | |
| By: /s/ Jianfeng Ding | By /s/ Jianfeng Ding |
| President | President |
| Date: June 25, 2008 | Date: June 25, 2008 |
