Letter of Understanding between Eternal Image, Inc. and Matthews InternationalLetter of Understanding • February 25th, 2010 • Eternal Image Inc • Miscellaneous manufacturing industries
In furtherance of the Confidentiality Agreement dated June 18, 2009 between Eternal Image, Inc. (“Eternal Image”) and Matthews International Corporation (“Matthews”), during the past several months representatives from Eternal Image and Matthews have mutually been engaged in good faith negotiations with a view towards the formation of an exclusive manufacturing and distribution arrangement between the parties. Specifically, the parties have discussed appointing Matthews as the exclusive manufacturing and distribution source of certain Eternal Image affinity funeral products which incorporate the proprietary trademarks, and/or logos of The Vatican Observatory and the Star Trek franchise (sometimes hereinafter referred to collectively as “the Mark(s)”) pursuant to our exclusive licensing rights with these respective organizations. We have specifically discussed a commercial arrangement whereby Matthews bronze division would initially manufacture and sell to Eternal Image certain branded
