Extension Letter Agreement to Manufacturing Services Agreement between Olaplex Inc. and Cosway Company Inc.
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Summary
Olaplex Inc. and Cosway Company Inc. have agreed to extend their existing Manufacturing Services Agreement, originally set to terminate, for an additional three months until March 31, 2023. During this extension, the exclusivity provisions of the original agreement will not apply. This extension allows both parties more time to negotiate a new manufacturing agreement. Both companies have acknowledged and agreed to these terms in writing.
EX-10.6 3 ex106letteragreementdatedd.htm EX-10.6 Document
Exhibit 10.6
December 23, 2022
VIA ELECTRONIC MAIL
Cosway Company Inc.
20633 South Fordyce Avenue
Carson, CA 90810
Re: Extension of Manufacturing Services Agreement
Dear Cosway Legal Department,
Notwithstanding Olaplex Inc.’s (“Olaplex”) prior written notice terminating the Manufacturing Services Agreement ("Agreement") between Olaplex and Cosway Company Inc. ("Cosway") dated January 1, 2020, the parties have decided to extend the Agreement for three (3) months while the parties continue to negotiate a new manufacturing agreement. The Agreement will now expire on March 31, 2023. Further, the parties agree that the exclusivity provisions set forth in Section 14 of the Agreement will not be applicable during the extension period.
By signing below, Cosway acknowledges and agrees to this extension.
If you have any questions, please feel free to Alex Kirby, Director of Sourcing & Procurement, at Olaplex.
Best Regards,
/s/ Tracie Chesterman
Tracie Chesterman
Deputy General Counsel
Acknowledged and agreed:
By: /s/ Greg Chambers
Name: Greg Chambers
Date: 2/9/2023
