This isn't new news, but some people missed it bec
Post# of 75388
(Total Views: 844)
Posted On: 09/01/2020 5:58:58 PM
This isn't new news, but some people missed it because they don't read all the way through filings when they are posted. It's another private label deal, and a good one. It came with the purchase of the bottling facility from Raw Pharma LLC. Here is a link to the 8-K filed May 8th , and some info on the accompanying Rhino Rush deal taken from the 8-K.
https://www.otcmarkets.com/filing/html?id=141...pRXNqfUI3h
Article VIIII
Pricing for Rhino Rush, 3GS, LLC or Rush Beverage
Section 1.0 Preferred Pricing. Rhino Rush 3GS, LLC or Rush Beverage (“Rush”) will have much of its product made with Purchaser. Pricing for Rush’s products will be as follows: Shot pricing: the greater of $.30 per finished individual shot; or, ingredient and packaging materials, supplied by Purchaser, (from Rush approved vendors) plus $.15 tolling, packed out as instructed by Rush, with a 3-pallet minimum. Can Pricing: the greater of $.37 per finished individual can; or ingredient and packaging materials, supplied by Purchaser, (from Rush approved vendors) plus $.11 tolling, packed out as instructed by Rush, with a 3-pallet minimum. (Example: ingredient cost $.07, Packaging costs $.05, tolling costs $.11 for a total project cost of $.23 but the quoted price of $.37 is greater, then Rush’s cost would be $.37). All finished goods will be delivered to Rush no longer than twenty (20) calendar days from date purchase order is sent electronically by Rush to Purchaser, and the payment for each purchase order will be made within forty-five (45) days of products delivery. Payments made after forty-five (45) days will begin accruing interest at a rate of eighteen-percent (18%) per year.
10
Section 1.1 Product delivery. Finished cans or shots will be considered “delivered” on the date that the completed order is ready for pick-up at Purchaser’s warehouse. If there is storage space available at Purchaser’s warehouse, then Rush may elect to have finished product stored at said warehouse for a fee of $4 per pallet per month. Components, parts, ingredients, packaging or otherwise for Rush’s products will be stored at no cost.
Section 2.0 Wholesale. Rush is currently working with a number of clients for the wholesale of hand sanitizer. Rush will be allowed to continue contract negotiations with: Target, Walmart, Costco, H-E-B, Kroger and other distributors/customers unencumbered. Pricing will be mutually agreed upon on an ongoing basis as needed, with all reasonable efforts being made by both parties to work together for the best of Rush’s customer. When available, a 50/50 split will be used as a standard where all revenue above Cost of Goods Sold (pricing of components, shipping, and testing) will be split between Rush and Purchaser.
Section 3.0 Building Access. Rush or Seller will be granted unrestricted access to any location where Rush’s ingredients, packaging, or finished product are being stored as well as unrestricted access to 1000 Shiloh Rd Suite: 200 Plano Texas. Rush may choose to occupy one (1) office in the 1000 Shiloh Rd Suite: 200 Plano, Texas address, and said office will be of Rush’s sole discretion. Conference room may be used by Rush, should it not conflict with Purchaser. Purchaser may choose to charge a rent for said Rush occupied office, however rent will not to exceed $800.00 per month and payment is due to the Purchaser the first Monday of each month.
(Signature page follows)
11
IN WITNESS WHEREOF, this Agreement has been executed effective the date and place first written above.
SELLER: RAW PHARMA, LLC
By: /s/ Jesse McMullin
Jesse McMullin - Member
PURCHASER: Rocky Mountain Productions, Inc.
By: /s/ Charles Smith
Charles Smith - C.E.O.
https://www.otcmarkets.com/filing/html?id=141...pRXNqfUI3h
Article VIIII
Pricing for Rhino Rush, 3GS, LLC or Rush Beverage
Section 1.0 Preferred Pricing. Rhino Rush 3GS, LLC or Rush Beverage (“Rush”) will have much of its product made with Purchaser. Pricing for Rush’s products will be as follows: Shot pricing: the greater of $.30 per finished individual shot; or, ingredient and packaging materials, supplied by Purchaser, (from Rush approved vendors) plus $.15 tolling, packed out as instructed by Rush, with a 3-pallet minimum. Can Pricing: the greater of $.37 per finished individual can; or ingredient and packaging materials, supplied by Purchaser, (from Rush approved vendors) plus $.11 tolling, packed out as instructed by Rush, with a 3-pallet minimum. (Example: ingredient cost $.07, Packaging costs $.05, tolling costs $.11 for a total project cost of $.23 but the quoted price of $.37 is greater, then Rush’s cost would be $.37). All finished goods will be delivered to Rush no longer than twenty (20) calendar days from date purchase order is sent electronically by Rush to Purchaser, and the payment for each purchase order will be made within forty-five (45) days of products delivery. Payments made after forty-five (45) days will begin accruing interest at a rate of eighteen-percent (18%) per year.
10
Section 1.1 Product delivery. Finished cans or shots will be considered “delivered” on the date that the completed order is ready for pick-up at Purchaser’s warehouse. If there is storage space available at Purchaser’s warehouse, then Rush may elect to have finished product stored at said warehouse for a fee of $4 per pallet per month. Components, parts, ingredients, packaging or otherwise for Rush’s products will be stored at no cost.
Section 2.0 Wholesale. Rush is currently working with a number of clients for the wholesale of hand sanitizer. Rush will be allowed to continue contract negotiations with: Target, Walmart, Costco, H-E-B, Kroger and other distributors/customers unencumbered. Pricing will be mutually agreed upon on an ongoing basis as needed, with all reasonable efforts being made by both parties to work together for the best of Rush’s customer. When available, a 50/50 split will be used as a standard where all revenue above Cost of Goods Sold (pricing of components, shipping, and testing) will be split between Rush and Purchaser.
Section 3.0 Building Access. Rush or Seller will be granted unrestricted access to any location where Rush’s ingredients, packaging, or finished product are being stored as well as unrestricted access to 1000 Shiloh Rd Suite: 200 Plano Texas. Rush may choose to occupy one (1) office in the 1000 Shiloh Rd Suite: 200 Plano, Texas address, and said office will be of Rush’s sole discretion. Conference room may be used by Rush, should it not conflict with Purchaser. Purchaser may choose to charge a rent for said Rush occupied office, however rent will not to exceed $800.00 per month and payment is due to the Purchaser the first Monday of each month.
(Signature page follows)
11
IN WITNESS WHEREOF, this Agreement has been executed effective the date and place first written above.
SELLER: RAW PHARMA, LLC
By: /s/ Jesse McMullin
Jesse McMullin - Member
PURCHASER: Rocky Mountain Productions, Inc.
By: /s/ Charles Smith
Charles Smith - C.E.O.
(8)
(0)