Transition Agreement
July 7, 1999
It is agreed as of this date between Dr. Xxxx Enterprises (DJE) and Trilogy
International, Inc. (Trilogy) the following:
As of August 31, 1999:
DJE will cease all sales of Dr. Xxxx Products.
Trilogy will acquire all remaining inventory of Dr. Xxxx products in the care
custody and/or control of DJE.
As consideration for said inventory Trilogy will assume the debt of DJE to
Pharma Chemie and Professional Pet Products up to an amount not to exceed a
total of both debts of $9,000.
All orders for Dr. Xxxx Products received by DJE subsequent to August 31, 1999
will be forwarded by DJE to Trilogy International together with payment for any
such orders.
So long as Trilogy International has remaining inventory of Dr. Xxxx Products on
hand, such orders will be filled and shipped by Trilogy.
Other than that inventory on hand acquired by Trilogy from DJE as described
above, no additional Dr. Xxxx products will be ordered or purchased by Trilogy.
If orders are received by DJE and forwarded to Trilogy subsequent to the
exhaustion of said inventory, customers will be contacted by Trilogy and offered
Trilogy products.
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Xxxxx Xxxx, President Xxxxx Xxxxxxx, President
Dr. Xxxx Enterprises Trilogy International, Inc.
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