EX-10.20
Nature's Best, Division of Puro Water Group, Inc.
56-45 58th Street, Maspeth, New York 00000-0000 000 000-0000, fax 000 000-0000
June 13, 1996
Messrs. Xxxxxx and Xxxx Xxxxxxx
Shawangunk Bulk Spring Water Corp.
000 Xxxxxx Xxxxxxx Xxxx Xxxx
Xxxx Xxxx, XX 00000
Gentlemen:
This will confirm our arrangement regarding the long term supply of bulk spring
water from your Indian Springs source to our operations. The terms of our
agreement are as follows:
1. The Indian Springs source shall be Puro's primary spring source for
its Long Island facility and secondary for its E. Orange, NJ,
facility.
2. The water shall continue to meet all applicable governmental, NSF, and
IBWA bulk spring water standards.
3. Puro shall be granted "most favored customer" status with respect to
product pricing whereby the price charged Puro shall be no
greater than that charged by the seller to any customer of equal
or lesser volume, and Puro shall have first priority drawing and
delivery rights to the Indian Springs source in the event of
rationing or prorating of the spring output; this understanding
shall remain in force for renewable three year periods from this
date subject to mutual renewal agreement by both parties.
4. This agreement is for fifteen three-year periods expiring in the year
2041 and is cancellable only upon the failure of either party to
renew at the end of any three year period or the failure of
either party to meet any of its obligations above.
5. This agreement shall be binding upon and inure to the benefit of both
parties and their respective successors, assigns, grantees and
legal representatives.
As agreed and accepted by:
/s/ Xxx Xxxxxxx
/s/ Xxxxx X. Xxxxxxxx /s/ Xxxx Xxxxxxx
----------------------------------- -----------------------------------
Xxxxx X. Xxxxxxxx, President Shawangunk Bulk Spring Water Corp.
Nature's Best Division, Puro Water
Group Inc.
/s/ Xxxx X. Xxxx
------------------------------------
Xxxx X. Xxxx, President, Puro Water
Group Inc.
