EXHIBIT NO. DESCRIPTION
10.2 License Option Agreement between the Company
and Global Dairy Products Ltd. 8/8/97
GLOBAL DAIRY PRODUCTS LTD.
00 Xxxxxxxxxx Xxxxxx
X.X. Xxx X-0000 Tel: (000) 000-0000
Nassau, Bahamas Fax: (000) 000-0000
August 8, 1997
Say Yes Foods Inc.
0000 Xxxxx Xxxxxxx Xxxxxx
Xxxxx 0
Xxx Xxxxx, XX 00000
Attention: Xxxxxxx Xxxxxx
Dear Sir:
Re: Option to Acquire Additional Territorial Rights
Say Yes Foods Inc. has acquired the manufacturing and marketing rights to
our proprietary fat free milk formulation for the United States.
You have indicated that you have interest in acquiring rights to additional
territories.
Global Dairy Products Inc. hereby provides an option to Say Yes Foods Inc.
to acquire rights to all worldwide territories on the following conditions:
1. Presentation of a territory specific Business Plan outlining in detail
your plans for commercializing the product in such territory.
2. Financial estimates outlining your market development costs and
projected revenues including sub-licensing fee if any.
3. That a territory specific fee be negotiated in each case.
Such option is valid for a period ending August 15, 2005 and may be extended if
mutually agreed.
Yours truly,
GLOBAL DAIRY PRODUCTS LTD.
Xxxxx Xxxxxx
President
