Heres 1. Huge. IMO KND is a Saskatchewan, Canada based supplier to the livestock feed market, which has been in the feed/commodities sales business since the mid 1980’s. Under this marketing agreement, KND has committed to market the Company’s canola products. The agreement is comprehensive and sets sales estimates of 400 metric tons of canola oil and 600 metric tons of canola meal off take per month for the next five (5) years.
THIS AGREEMENT is made this 1 st day of January, 2011, by and between General Bio Energy Inc ., with its principal place of business located at 1620 McAra Street, Regina, Saskatchewan, S4N 6H6 (the "Company") and K.N.D. Feeds Ltd., of Box 225, Bjorkdale, Saskatchewan, S0E 0E0 (the "Distributor").
NOW, THEREFORE, in consideration of the promises hereinafter made by the parties hereto, it is agreed as follows:
ARTICLE I
APPOINTMENT OF DISTRIBUTORSHIP
1. Distribution Right . The Company hereby appoints and grants Distributor the exclusive and non-assignable right to sell the commodities, of the Company, namely canola oil and off-take canola meal ("Commodities"). The distribution right is for the non-exclusive right of worldwide distribution of the Company’s commodities.