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LETTER OF INTENT
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THIS LETTER OF INTENT is acknowledged and agreed between Seapak
("the Processor") and Salmon Express Inc ("Salmon Express").
The two parties are hereinafter referred to as the "Parties".
WHEREAS, the Processor desires to sell its seafood products and Salmon Express
wishes to market and sell certain seafood products sold by the Processor through
the Salmon Express 1-800 number and Salmon Express internet web-site;
WHEREAS, the Parties execute this Letter of Intent strictly to demonstrate that
they have met and agree in principle to enter a future distribution arrangement;
and
WHEREAS, it is agreed that this letter of intent in no way binds either party to
any covenant or to perform any future service until such a time as a separate
distribution agreement is negotiated and executed between the Parties, and such
agreement may never be entered if agreeable terms cannot be reached;
NOW, the Parties:
Acknowledge and agree that they have met and discussed a distribution
arrangement whereby:
(1) Salmon Express would market certain seafood products through the salmon
express web-site and through various other forms of advertising, accept orders
from customers through it's 1-800 number and it's internet web-site and provide
the Processor with certain packaging and shipping materials, and provide the
Processor with access to an overnight shipping account number.
(2) The Processor would supply Salmon Express with certain seafood products
at market prices to be agreed, and take necessary steps to have such seafood
products delivered in quantities specified by Salmon Express, to addresses
(within the United States) provided by Salmon Express, in Salmon Express
packaging as provided by Salmon Express.
This Letter of Intent is freely revocable by either party at anytime, in writing
or otherwise.
/s/ Xxxx Xxxxx /s/ Xxxxxx Xxxxxx
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Salmon Express Inc. Seapak
Per Xxxx Xxxxx per Xxxxxx Xxxxxx
