On January 10, 2019, Youngevity International, Inc. (the “Company”) entered into an exclusive agreement with Icelandic Water Holdings hf. (“IWH”), an Icelandic public limited company (the “Exclusive Agreement”). Pursuant to the Exclusive Agreement, for an initial term of three (3) years (and any extension), the parties agreed to an exclusive marketing partnership for the cross-promotion of products with dietary supplements (including CBD) and other products which may be jointly developed. During the term of the Exclusive Agreement, the parties intend to jointly develop and market new products, including dietary supplements and ready to drink CBD products, children’s drinks, pet products and coffee products. Pursuant to the Exclusive Agreement, the Company has agreed not to promote other bottled water products and IWH has agreed not to promote other supplement products. IWH also agreed to promote the Company’s products to its customers using e- mail direct marketing at least twice a year.
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