FORM OF Logistics AgreementForm Of • April 1st, 2010 • Clear-Lite Holdings, Inc. • Electric lighting & wiring equipment • Florida
THIS AGREEMENT (this “Agreement”) is made and entered into this ______ day of ____________________ 20__ by and between TAG Industries, Inc., A Wholly Owned Subsidiary of Clear-Lite Holdings, Inc. (“TAG” or the “Company”) having its principal place of business at 102 NE 2nd Street, PMB 400, Boca Raton, FL 33432-3908 U.S.A., and _________________________ (”Logistics Provider” or “LP”) having its principal place of business at ______________________________________________ (collectively, the “Parties”).
Personal and Confidential In Store USA Attn: Michael Davidson Mississauga, Ontario, L4W 2R2 Canada Re: Non-Binding Term Sheet Dear Michael:Personal and Confidential • April 1st, 2010 • Clear-Lite Holdings, Inc. • Electric lighting & wiring equipment • Ontario
This Agreement confirms the commercial structure of the business transaction between Clear-Lite Holdings, Inc. (“Parent”) and TAG Industries, Inc. (“TAG”), with In-Store Group (the “Company”) and Michael Davidson (the “Principal Unitholder”) with respect to the principal terms and conditions under which TAG will become the exclusive supplier of all the existing products relative to the environmental bags, for of the Company, effective April 15, 2010 (the “Effective Date”). This Agreement will run for a period of three (3) years from the Effective Date for all products presently sourced by the Company with its existing suppliers, or any new suppliers that TAG might source, with the approval of the Company. It is understood that from the Effective Date, and for a period of three (3) years, TAG will exclusively manage all the sourcing of the environmental bag products, presently sold by the Company.
