Golden Ally LifeTech Group Inc (AQPW)

[JMMatthews]

On June 24, 2022 Golden Ally Lifetech Group, Inc. (“Golden Ally”), a subsidiary of Signet International Holdings, Inc., entered into a Bottling Agreement (the “Agreement”) with Azure Water Bottling of Florida, LLC (“Azure”) pursuant to which Azure will produce, bottle, label and ship Golden Ally’s AQP active water products. The Agreement is for an initial one-year term, subject to potential renewal at the election of Golden Ally. Azure is an integrated OEM bottler that supplies many beverage products on the market.

The Agreement sets the prices and terms by which Azure will produce, bottle, label and ship products for Golden Ally, and also sets the parameters for the product order and size requirements, and other matters such as quality control and production process control. Under the Agreement Golden Ally will make available and license to Azure certain technology and rights in order for Azure to produce and package the products and Golden Alley will remain the owner of any such technology and rights.

In addition, the Agreement provides that Azure will produce, package and label the products pursuant to forecasts and purchase orders issued by Golden Alley, and according to the specifications provided to Azure by Golden Ally. The Agreement includes various other terms and conditions that are customary for an agreement of this nature, including provisions related to delivery of the products and risk of loss, product inspection rights, insurance covenants of each party, representations and warranties of the parties that are customary for an agreement of this nature, and compliance obligations of each party.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1317833/000149315222018175/form8-k.htm

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