EX-10.1
from 8-K
~5
pages
Collaboration Agreement Dr. Foods Co., Ltd., (Hereafter, “Partner A”) and Next Meats Co., Ltd., (Hereafter, “Partner B”) Agree on a Basis of Mutual Trust to the Following Collaboration Concerning the Process of Development (Hereafter, “Development Process”) of New Artificial Meat Products (Hereafter, “New Products”). (Objectives) Article 1: The Purpose of This Agreement Is to Enable Partner a and Partner B to Cooperate in Advancing the Development Process of New Artificial Meat Products by Collaborating and Contributing Towards Development of New Products and Technologies. Partner a and Partner B Will Discuss and Confirm in Writing the Respective Allotment of Tasks as It Relates to the Development Process(es) of Any and All New Products/Technologies. (Scope of Tasks) Article 2: The Scope of the Tasks in Which Partner a and Partner B Will Cooperate Under This Agreement Will Be Research and Development and Distribution. Partner a Will Primarily, Although Not Exclusively, Contribute to Research and Development, and Partner B Will Primarily, Although Not Exclusively, Contribute to Distribution of New Products/Technologies. Costs Pursuant to the Collaborative Efforts of the Partners, Will Be the Respective Responsibility of the Party Responsible for Fulfilling Such Tasks. Partner a and Partner B Mutually Affirm That This Agreement Will Not Regulate Development or Other Activities That Either Party Is Able to Accomplish Independently. (Provision of Data and Materials) Article 3: Upon the Execution of This Agreement, Partner a and Partner B Will Promptly Provide Each Other With Existing Materials and Information Required for the Research and Development Covered by the Collaboration Agreement. (Reporting of Progress) Article 4: During the Term of This Agreement, Partner a and Partner B Will Hold Ongoing and Regular Reporting Conferences, Submit Reports Reciprocally as to Progress on the Development Process, and Will Discuss Progress on Any Other Relevant Processes
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