Second Addendum to Master Manufacturer Agreement between Rocky Mountain High Brands, Inc., CBD ALIMENTOS SA DE CV, and CBD Life S.A. DE C.V.

Contract Categories: Business Finance › Modification Agreements
Summary

This addendum updates the original manufacturing agreement between Rocky Mountain High Brands, Inc. and CBD ALIMENTOS SA DE CV by transferring all distributor rights to CBD Life S.A. DE C.V. It also defers and modifies the new distributor's purchase requirements until April 30, 2019, after which both parties will set new terms. The company agrees to provide certain finished products promptly and will assign specific U.S. trademarks to the new distributor once registered. All other terms of the original agreement remain unchanged.

Read More Arrow
EX-10.2 3 ex10_2.htm

 

SECOND ADDENDUM TO MASTER MANUFACTURER AGREEMENT

 

 

This Second Addendum amends and modifies that certain Master Manufacturer Agreement (“Agreement”) dated effective December 4, 2017 by and between Rocky Mountain High Brands, Inc. (“Company”) and CBD ALIMENTOS SA DE CV (“Distributor”) as follows:

 

a.Distributor assigns all rights under the above referenced Agreement to CBD Life S.A. DE C.V. (“New Distributor”)
b.Company will defer until April 30, 2019, and modify New Distributor’s purchase requirement under Schedule A, Section 2 – Payment and Purchase Order, Item 2 of the Agreement. By April 30, 2019, Company and New Distributor will meet to determine the modified purchase requirements through the end of 2019 and beyond.
c.Company will provide New Distributor with the finished product of Rocket High, California Black Tea, and California Lemonade as soon as possible.
d.Company applied for U.S. Trademark protection for Rocket High and California Rush and will assign those trademarks to New Distributor once they are issued by the U.S. Trademark office.

 

All other terms of the Agreement and the First Addendum to the Master Manufacturing Agreement shall remain in full force and effect.

 

Signed this 23rd day of January 2019.

 

Distributor:   Company:  
       
CBD ALIMENTOS SA DE CV   Rocky Mountain High Brands, Inc.  
       
By: /s/ Daniel Zamacona   By: /s/ Michael R. Welch  
Name: Daniel Zamacona   Name: Michael R. Welch  
Title: Legal Representative   Title: President and CEO  
       
       
New Distributor:      
       
CBD Life S.A. DE C.V.      
       
By: /s/ Daniel Zamacona      
Name: Daniel Zamacona      
Title: Legal Representative