Oral Manufacturing and Supply Agreement between E-World USA and Genepharm, Inc.
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Summary
E-World USA and Genepharm, Inc. have an oral agreement under which Genepharm manufactures and packages three cosmetic products using its own formulations, with packaging designed by E-World. E-World is allowed to sell these products worldwide under its brand without infringing Genepharm's rights. Payment and pricing are not fixed in advance but are agreed upon with each order. There is no formal written contract outlining all terms.
EX-10.2 14 eworld_ex102.htm SUMMARY OF ORAL AGREEMENT WITH GENEPHARM, INC. eworld_ex102.htm
EXHIBIT 10.2
The Company has an oral agreement with Genepharm Inc. to manufacture three types of cosmetic products for the Company. Genepharm, Inc. owns the formulations for the products. Genepharm manufactures the products and packs them with E-World USA designed packaging under an oral agreement with the Company. The Company is authorized by to sell the products worldwide under the E-World brand name with infringing any rights of Genepharm, Inc.
There is no formal agreement on all the payment and purchase terms. We basically agree to purchase from them. Each payment and pricing is determined when we make an order from them.
