ESE 0.00% 1.8¢ esense-lab ltd

Ann: eSense-Lab signs AU$1.1m Distribution and Sales Agreement, page-25

  1. 12,454 Posts.
    lightbulb Created with Sketch. 265
    LOL ...No it's NOT a "Binding distribution agreement" my friend, it's a "Binding SALES AND distribution agreement"!

    "Agreed terms include distribution and minimum sales of terpenes strains in the UAE .... agreement signed by IC is for a period of 3 years, with a commitment by IC to purchase Terpene Strains from eSense totalling AUD$ 1,100,000 with a minimum commitment in the first year (commencing before 30 September 2018) of AUD$366,000."

    The exclusive distribution agreement is a separate entity.

    Good Lord! This is all very clear!

    This is not a company-making deal, but it's a significant start.
 
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