R&D SERVICE AGREEMENT The following R&D Service Agreement has been concluded between: Okanagan Naturals Unit 7 740 – 11 Avenue Vernon, BC, V1T 9E9 LIST OF SERVICES PROVIDED AND THEIR PRICES During the period of this Agreement, the Service Provider shall have the responsibility to perform and provide the following services (hereinafter referred to as “Services”): Description Quantity Price New Product Formulation $ 600 depending on difficulty Test batch with samples to you $ 250 (not included ingredients) Additional test batch samples $ 100 for each additional test batch made for the same product (not included ingredients) Simple mold, fungus, bacteria test $ 220 30-day stability test $ 150 depending on difficulty Ingredient research to find studies backing your claim Starting at $ 250 depending on the job The Services are to be paid for as follows: Amount at signing of this Agreement: Amount at the completion of the Services: INVOICES All invoices are due upon invoice date. TERM OF AGREEMENT This Agreement shall be effective on the date of signing this Agreement (hereinafter referred to as the “Effective Date”) and will end on completion of the R&D project. At the end of the term of the Agreement, it will not be automatically renewed for a new term. TERMINATION This Agreement may be terminated in the event that any of the following occurs: Immediately in the event that one of the Parties breaches this Agreement. At any given time by providing written notice to the other party 10 days prior to terminating the Agreement. This Agreement will automatically end upon the completion of the provision of the Services and payment. RELATIONSHIP OF THE PARTIES The Parties agree that this is a non-exclusive agreement and that the Parties are regarded as independent contractors. AMENDMENTS The Parties agree that any amendments made to this Agreement must be in writing, where they must be signed by both Parties to this Agreement. Accordingly, any amendments made by the Parties will be applied to this Agreement. ASSIGNMENT The Parties are not entitled to assign the responsibilities that they have under this Agreement to anyone else, unless both Parties agree to the assignment and provide such agreement in writing. ENTIRE AGREEMENT This Agreement contains the entire agreement and understanding among the Parties to it with respect to its subject matter, and supersedes all prior agreements, understandings, inducements and conditions, express or implied, oral or written, of any nature whatsoever with respect to its subject matter. The express terms of the Agreement control and supersede any course of performance and/or usage of the trade inconsistent with any of its terms. SEVERABILITY In the event that any provision of this Agreement is found to be void and unenforceable by a court of competent jurisdiction, then the remaining provisions will remain in force in accordance with the Parties’ intention. GOVERNING LAW This Agreement shall be governed by and construed in accordance with the laws of British Columbia. ALTERNATIVE DISPUTE RESOLUTION Any dispute or difference whatsoever arising out of, or in connection with, this Agreement shall be submitted to arbitration/mediation/negotiation (circle one) in accordance with, and subject to the laws of British Columbia. SIGNATURE AND DATE The Parties hereby agree to the terms and conditions set forth in this Agreement and such is demonstrated by their signatures below: OKANAGAN NATURALS CLIENT Name: Darris Routley Name: Signature: Signature: Date: Date: Please leave this field empty. 53713
