Oral Manufacturing and Supply Agreement between E-World USA and Global Power Plus, Inc.
E-World USA and Global Power Plus, Inc. have an oral agreement under which Global Power Plus manufactures O2 Cell Products using its own formulations and packages them with E-World USA's branding. E-World USA is authorized to sell these products worldwide under its brand. There is no formal written contract, and payment and pricing terms are decided with each order placed. The agreement allows E-World USA to sell the products without infringing on Global Power Plus's rights.
Exhibit 10.3
The Company has an oral agreement with Global Power Plus, Inc. to manufacture O2 Cell Product for the Company. Global Power Plus, Inc. owns the formulations for the product. Global Power Plus, Inc. manufactures the products and packs it with E-World USA designed packaging under an oral agreement with the Company. The Company is authorized by to sell the product worldwide under the E-World brand name with infringing any rights of Global Power Plus, 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.
