Z3 LLC
Z3 LLC
300 Galleria Officentre . Xxxxx 000 Xxxxxxxxxx,Xx 00000
T: (000) 000-0000 F: (000) 000-0000
August 10,2016
Koo'Toor Design, Inc.
Xxxxx Xxxxxxxx, CEO
000 Xxxxx Xxxxxx
Roseville, Ca 95678
Dear Xxxxx,
In connection with the original agreement dated May 4, 2016, Z3, LLC has amended or revised this agreement to replace the previously agreement, and Z3, LLC grants Koo’Toor Design, Inc. the rights to Northern and Southern California with the Xxxxxx Xxxxx Curator Collection based on the following:
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1)
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All of Koo’Toor Design stores must include a significant presentation of the Curator Collection by Xxxxxx Xxxxx Furniture.
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2)
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Koo’Toor Design agrees to open a minimum of two Norther California and two Southern California stores over a 12-month period following the opening date of the first store. These stores must include a significant presentation of the Curator Collection. All categories of the Curator Collection must be represented in these stores – bedroom, dining room, upholstery, occasional, accents and all other Xxxxxx Xxxxx Home product.
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3)
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The parties all agree that the target sales for all four locations, inclusive of the two Northern California stores and the two Southern California store, combined, are targeted to generate a minimum of $750,000 of wholesale Xxxxxx Xxxxx Curator Collection sales during the first twelve months from the opening date of the first store. If for any reason the combined sales of the four locations are less than $750,000, all parties agree to work together to reach that minimum goal during the next 12 months and/or lower the expected $750,000 minimum in order to reach a more realistic sales goal as part of maintaining the rights to the Curator Collection.
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4)
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Z3, LLC and Koo’Toor Design Management will review the status of the first four store’s Curator Collection sales at the end of the twelve months in order to provide additional planning and support where required. The contract will automatically renew each 12 months thereafter, for a period fo 5 years as part of the rights to sell the Curator Collection with Xxxxxx Xxxxx.
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5)
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Name on outside signage would be displayed as follows:
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Koo'Toor Design
featuring
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/s/Xxxxxxx Xxxxxx
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/s/ Xxxxx Xxxxxxxx
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Xxxxxxx Xxxxxx – President, CEO
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Xxxxx Xxxxxxxx – General Manager
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Z3 Limited LLC Xxxxxx Xxxxx Furniture
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Koo’Toor Design Inc.
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