Reseller Agreement Between Z3 LLC and Koo'Toor Design Inc. for Calvin Klein Curator Collection

Contract Categories: Business Operations › Distribution Agreements
Summary

Z3 LLC and Koo'Toor Design Inc. have entered into an agreement granting Koo'Toor Design the exclusive right to resell the Calvin Klein Curator Collection in Northern and Southern California. Koo'Toor Design must open at least two stores in each region in 2016, each featuring a significant display of the collection and representing all product categories. Each store must achieve at least $750,000 in wholesale sales of the collection within the first year to retain these rights. The parties will review sales performance after nine months to determine ongoing rights.

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EX-10.3 7 ex103.htm RESELLER AGREEMENT BETWEEN THE COMPANY AND Z3 LLC. ex103.htm
 
Z3 LLC
300 Galleria Officentre. Suite 112
Southfield, MI 48034
T: (248) 864-4886                                     F: (248) 864-4887


 

 
May 4, 2016
 


Koo'Toor Design Inc.
Ruben Gonzales
113 Grove Street
Roseville, Ca 95678
 


    Dear Ruben,
 

Z3, LLC commits to the following of the Curator collection for your contemporary lifestyle stores your corporation will be opening in Northern and Southern California.

Z3, LLC grants Koo’Toor Design Incorporated the reseller rights and the rights to Northern and Southern California with the Calvin Klein Curator Collection based on the following:

 
1) Placement of any/all Koo’Toor Design stores that must include a significant presentation of the Curator Collection. Calvin Klein Furniture will deliver in assistance.
 
 
2) Koo’Toor Design agrees to open a minimum of two Northern California and two Southern California stores during the calendar year 2016. These stores must include a significant presentation of the Curator Collection. All categories of the Curator Collection must be represented in these stores - bedroom, dining room, upholstery, occasional, accents and all other Calvin Klein Home products.

 
3) Each of the two Northern California stores and the two Southern California stores must generate a minimum of $750,000 of wholesale Calvin Klein Curator Collection sales in the first twelve months from the opening date in order to retain rights to the Curator Collection.

 
4) Z3, LLC and Koo’Toor Design management will review the status of these first four stores Curator Collection sales performance at the end of the first nine months to determine the status of the rights at the end of the first full year of Curator Collection sales.
 
 
 
 
 

Ca l v i n K l e i n F u r n i t u r e
300  G a l l e r i a  O f f i c e n t r e ,  S t e  112 ,  S o u t h f i e l d ,  M I  48 034    ###-###-####   F a x   ###-###-####

 
 
 


 
-      Pg 2 Kde -
 

 
5) .Name on outside signage would be displayed as follows:

             Koo’Toor Design  featuring
 
            
 

 
     /s/Michael Foster                           /s/Ruben Gonzales                     
 
Michael Foster – President, CEO                                                                Ruben Gonzales – General Manager
    Z3 Limited LLC Calvin Klein Furniture                                                       Koo’Toor Design Inc.
 
 
 
 
 
 

 

Ca l v i n K l e i n F u r n i t u r e
300  G a l l e r i a  O f f i c e n t r e ,  S t e  112 ,  S o u t h f i e l d ,  M I  48 034    ###-###-####   F a x   ###-###-####