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.
ESE Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held