Sale of Haidilao Customized Products Sample Clauses

Sale of Haidilao Customized Products. During the term of the Super Hi Master Sales Agreement, the Group is the supplier of Haidilao Customized Products to the Super Hi Group for use in its hot pot restaurants outside Greater China. The Super Hi Group is generally restricted from engaging third party suppliers to provide the Haidilao Customized Products unless (i) in the event that the Group is unable to satisfy the quantity or quality of the products demanded by the Super Hi Group, and such problem cannot be resolved within a reasonable period after negotiation between both parties, the Super Hi Group may engage other third party suppliers or (ii) the parties agree as otherwise. Under the Super Hi Master Sales Agreement, the Group may engage contract manufacturers to produce Haidilao Customized Products. Sale of Haidilao Customized Products will be made on the basis of individual orders specifying the type of product, purchase volume, sales price and delivery date etc. The sales price of Haidilao Customized Products shall be determined based on the pricing policy as set out below. The Super Hi Group owns the proprietary rights to the formulae of Haidilao Customized Products (the “Condiments Formulae”) and license the Condiments Formulae to the Group and the Group’s contract manufacturers to use for production on a royalty-free basis. The Group is subject to contractual obligations where it shall, and shall use reasonable efforts to procure its contract manufacturers to (i) keep confidential the Condiments Formulae, and (ii) unless the Super Hi Group has given written consent, refrain from selling products that use these formulae to any of the Super Hi Group’s major competitors. For any upgrades and developments in the Condiments Formulae made through the joint efforts of the Super Hi Group and the Group, the Super Hi Group will own the proprietary rights, and the Group and its contract manufacturers will be entitled to use such upgraded formulae for production of Haidilao Customized Products. In relation to the sales of products which will be produced with such upgraded formulae, and in accordance with the Super Hi Master Sales Agreement, a supplemental agreement will be entered into by the parties to confirm that the upgraded formulae are a result of joint efforts of the Super Hi Group and the Group. For any upgrades and developments in the Condiments Formulae made through the Group’s own efforts, the Group will own the proprietary rights of such upgraded formulae unless otherwise agreed betw...
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Sale of Haidilao Customized Products. The sale price of Haidilao Customized Products shall be determined by the parties after arm’s length negotiations with reference to (i) the historical sales price, (ii) the Group’s production cost, including the cost of raw materials, selling and administrative expenses, incurred in connection with the production of Haidilao Customized Products, (iii) the Group’s estimated overall net profit margin through sales to its independent third party distributors, and (iv) the market price of similar products purchased by the Super Hi Group from its independent and comparable suppliers.
Sale of Haidilao Customized Products. For sales to the hot pot restaurants of the Super Hi Group, payment shall be made based on the purchase volume per individual order.

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