Pro Gym Equipment definition
Examples of Pro Gym Equipment in a sentence
Seller and CPI hereby agree that the consideration to be paid to Seller in the event that the Agreed Option is exercised and a new distribution agreement for all Pro Gym Equipment is executed by Seller and CPI shall be $100,000, which will be payable either (a) in cash or (b) by a number of shares of CPI common stock with a fair market value equal to $100,000.
After the per unit price of New Pro Gym Equipment is established by Seller and Distributor, the price of such New Pro Gym Equipment shall remain the same until modified in accordance with this Section 4.2.
Seller desires Distributor to be the exclusive distributor of all Modified Pro Gym Equipment and New Pro Gym Equipment manufactured by Seller on the terms and subject to the conditions set forth in this Agreement, and Distributor desires to distribute the Modified Pro Gym Equipment and New Pro Gym Equipment manufactured by Seller on the terms and subject to the conditions set forth in this Agreement.
During the first year of this Agreement, the per unit cost of all Modified Pro Gym Equipment to be charged to Distributor will be an amount not to exceed the per unit prices set forth on Exhibit B.
At any time during the term of this Agreement, Seller and CPI may mutually agree (the "Agreed Option") to make CPI the exclusive and perpetual distributor of all Pro Gym Equipment.
The form of consideration for the new distribution agreement for Pro Gym Equipment shall be determined by CPI in its sole discretion.
Distributor will order from Seller, and Seller agrees to manufacture for Distributor, an amount of Modified Pro Gym Equipment and New Pro Gym Equipment as required by Distributor in its sole discretion.
From time to time, CPI will request that Seller modify some of its Pro Gym Equipment for distribution to CPI's customers (all such Pro Gym Equipment that is modified by Seller at the request of CPI and manufactured by Seller is collectively referred to herein as the "Modified Pro Gym Equipment").
Pro Gym Equipment" shall mean all weight lifting and exercise equipment and other recreational and sporting goods, along with all component parts and related accessories, manufactured by Seller.
Section 5.1 Mutual Option to Appoint CPI as Exclusive Distributor for Pro Gym Equipment.