Artemis Therapeutics, Inc.
EXHIBIT 10.3
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>exhibit_10-3.htm
<DESCRIPTION>EXHIBIT 10.3
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<p style="margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

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<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>Exhibit 10.3</u></font></p>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE
HARM TO MANUKA LTD. IF PUBLICLY DISCLOSED. OMISSIONS ARE DENOTED IN BRACKETS WITH ASTERISKS THROUGHOUT THIS EXHIBIT.</font></p>

<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif"><b>AGREEMENT</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif">This
Agreement (the &ldquo;<b>Agreement</b>&rdquo;) is made as of July 20, 2021 (the &ldquo;<b>Effective Date</b>&rdquo;) by and between
<b>Waitemata Manuka Honey Direct Ltd</b> (&ldquo;<b>WMHD</b>&rdquo;), and <b>Waitemata Honey Co Ltd</b> (&ldquo;<b>WHC</b>&rdquo;),
organized under the laws of New Zealand, with offices at 8 Te Kea Place, Rosedale Industrial Centre, Auckland, NZ (jointly referred
to as the &ldquo;<b>Companies</b>&rdquo;) and <b>MANUKA LTD</b>, a limited company organized and existing under the laws of the
State of Israel, with offices at 19 Haim Bar-Lev St., Ramat-Gan, Israel (the &ldquo;<b>Reseller</b>&rdquo;).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><b>WHEREAS
</b>the Companies manufacture and sell products from manuka honey (the &ldquo;<b>Products</b>&rdquo;); and <b>WHEREAS</b> it has
been agreed between the parties that the Reseller shall purchase the Products from WMHD and resell them to its customers, as set
forth herein; <b>NOW THEREFORE</b>, in consideration of the mutual promises and undertakings contained herein, the parties hereby
agree, covenant, declare and warrant as follows:</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in; text-align: justify"></td><td style="width: 0.25in; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Preamble,
                                         Headings and Appendices</u>. The preamble and appendices to this Agreement shall form
                                         an integral part thereof. The headings in this Agreement are inserted for convenience
                                         only and shall not be used in any manner in the interpretation of this Agreement.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<td style="width: 0in; text-align: justify"></td><td style="width: 0.25in; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Framework
                                         Agreement</u>. This Agreement sets forth the terms and conditions under which the Reseller
                                         will, from time to time, purchase the Products from WMHD for the purpose of reselling
                                         them to its customers (the &ldquo;<b>Customers</b>&rdquo;). Unless otherwise agreed to
                                         in writing, the terms and conditions of this Agreement shall exclusively govern the transactions
                                         resulting from any order for the Products issued by the Reseller to WMHD and accordingly,
                                         except for the quantities of the Products ordered and reasonable invoicing instructions,
                                         the terms of a purchase order used by either party shall not derogate, in any manner,
                                         from the foregoing. The Reseller shall have the right to purchase the Products from the
                                         Companies as private label products, and to sell the Products under its own branding
                                         while the Products are bearing the labels containing the Reseller&rsquo;s name and logo,
                                         along with the Companies&rsquo; name and address under &lsquo;Manufactured by...&rdquo;
                                         as well as the UMFHA license number. For further clarity, it&rsquo;s agreed between the
                                         parties that the label shall comply with any and all requirements as laid out by Israel
                                         MOH and New Zealand&rsquo;s Ministry of Primary Industries (MPI). A sample of the label
                                         is attached hereto as <b><u>Appendix B</u></b>.*</font></td></tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in; text-align: justify"></td><td style="width: 0.25in; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Manufacturing
                                         the Products</u></font></td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in; text-align: justify"></td><td style="width: 0.35in; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif">The
                                         Companies agree to comply with all laws, regulations and standards, applicable to the
                                         manufacture of the Products, and will obtain and maintain all applicable permits and
                                         licenses required in connection with its obligations under this Agreement. Without derogating
                                         from the generality of the foregoing, the Companies undertake to manufacture the Products
                                         in accordance with the terms of the Certification (as defined below).</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in; text-align: justify"></td><td style="width: 0.35in; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif">Since
                                         the Israeli Ministry of Health requires that any honey products imported to Israel shall
                                         be manufactured by manufacturers holding ISO (International Organization for Standardization)
                                         or BRC (British Retail Consortium) certificate (the &ldquo;<b>Certification</b>&rdquo;),
                                         it has been agreed between the parties that the Companies shall take the required
                                         actions needed in order to obtain such Certification, that the Reseller shall bear the
                                         costs of such Certification up to 10,000 New Zealand Dollars and that such costs that
                                         shall be paid by the Reseller shall be offset from the payments due to the WMHD for the
                                         Products to be purchased by the Reseller from time to time as set out below. The Companies
                                         shall choose whether to obtain ISO Certification or BRC Certification.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in; text-align: justify"></td><td style="width: 0.35in; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.3</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif">The
                                         Companies hereby confirm that Reseller has advanced the Companies a down payment in the
                                         amount of 2,000 New Zealand Dollars on account of the Certification&rsquo;s costs, and
                                         that the Reseller shall pay the Companies additional payments (up to an aggregate amount
                                         of 10,000 New Zealand Dollars) upon the presentation of receipts evidencing the payments
                                         made by the Companies in order to obtain said Certification. The Companies undertake
                                         to start the Certification process promptly following the execution of this Agreement
                                         and to make its best efforts in order to complete such process as soon as practicably
                                         possible.</font></td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif">*
The label is still a work in progress</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif"><img src="img101_v1.jpg" alt=""><font style="font-size: 10pt; font-weight: normal; font-style: normal; font-variant: normal; color: black">&nbsp;</font></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif">&nbsp;</font></p>



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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>




<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.35in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.4</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif">In
                                         the event that the Companies shall decide to withdraw from the Certification process
                                         and/or to stop it before its completion, they shall return the Reseller, within 7 working-days
                                         as of the Reseller&rsquo;s request, all the payments paid to the Companies by the Reseller
                                         prior to such withdrawal/stop.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.35in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.5</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif">The
                                         parties further agree that, with respect to each shipment of the Products to be ordered
                                         by the Reseller from the WHMD from time to time, an amount equal to 10% of the ex-works
                                         order value, as evidenced in a duly presented invoice, shall be deducted from the payments
                                         due to WMHD by the Reseller for such shipment, until the aggregate amount of such deductions
                                         shall equal the total aggregate payments made by the Reseller to the Companies in order
                                         to finance the Certification.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Purchase
                                         Orders</u>. The Reseller shall order the Products from the WMHD, from time to time, by
                                         issuing purchase orders (the &ldquo;<b>Purchase Order(s)</b>&rdquo;), which Purchase
                                         Orders are to be placed by e-mail. Each Purchase Order shall include, as appropriate:
                                         (i) description and quantity of each Product ordered; (ii) requested shipment date; (iii)
                                         requested shipment address; (iv) shipping and insurance instructions; and/or (v) any
                                         additional required information as applicable. Each Purchase Order shall be deemed approved
                                         by WMHD within 10 working-days from the date it has been sent to the WMHD by the Reseller,
                                         unless WMHD has notified the Reseller, in writing, that it disagrees with the content
                                         of such Purchase Order until the lapse of such 10-days period. WMHD may not disagree
                                         to any term set forth in the Purchase Order that is consistent with the terms of this
                                         Agreement.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Packing
                                         and Labeling the Products</u>. The Companies undertake that all the Products shall be
                                         packed in a manner which is suitable for protection of said Products during their shipment
                                         and storage and in accordance with the reasonable shipping and storage directions of
                                         the Reseller. Damage to any Products resulting from improper packing will be charged
                                         to the Company. All Products shall be marked and labeled in accordance with the instructions
                                         of the Reseller, and the Reseller shall provide the Companies with the graphics and design
                                         of the labels to be placed on the Products. Without derogating from the generality of
                                         the foregoing, WHC shall stamp on each Product the relevant production data that shall
                                         enable tracing of such Product&rsquo;s manufacture, including without derogating from
                                         the generality of the foregoing, manufacturer name, manufacturing location, manufacturing
                                         date and batch number.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Shipment
                                         Documents</u>. The Companies shall attach to each shipment of the Products, the documents
                                         that shall be required by the relevant International Courier and the tax authorities,
                                         such as invoice, packing list, bill of lading, the applicable quality standard documents
                                         etc.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-family: Times New Roman, Times, Serif">7.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Delivery</u>.
                                         The Products ordered hereunder shall be manufactured by WHC and ready for shipment not
                                         later than the delivery dates set forth in <b><u>Appendix A</u></b> hereto (the &ldquo;<b>Delivery
                                         Schedule</b>&rdquo;). The Companies shall use all reasonable efforts to deliver the Products
                                         to the Reseller in accordance with the shipment terms specified in each Purchase Order,
                                         or as otherwise agreed in writing, not later than the dates set out in the Delivery Schedule.</font></td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: -16pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Late
                                         Delivery</u>. It is agreed that time is important in the performance of this Agreement
                                         by the Companies and the Companies shall do their best to adhere to the Delivery Schedule.
                                         However, it is noted that shipping arrangements between New Zealand and Israel can be
                                         uncertain and agreed delivery dates are to be read as statements of best intention. Additionally,
                                         vagaries of weather and general growing conditions and seasonal variations may interfere
                                         with the best endeavors to meet production and delivery dates. There will be no penalties
                                         if best endeavors have been exercised to mitigate these matters. It is acknowledged that
                                         goodwill and transparent communication is important in handling these matters if they
                                         arise.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Products
                                         Inspection</u>. The Reseller shall conduct a visual and physical inspection of the Products
                                         after it shall receive them and shall provide the Companies with written notice of any
                                         defects or damage to the delivered Products, including any claimed non-conformance with
                                         the relevant Purchase Order. For the avoidance of doubt, the Reseller shall have no obligation
                                         to conduct analysis of the Products. In the event that any Product delivered to the Reseller
                                         is damaged and/or defected and/or non-compliant with this Agreement and/or the applicable
                                         Purchase Order, as more fully described in clause 10 below, WMHD shall fully refund the
                                         Reseller, within 10 working-days as of the Companies receipt of the Reseller&rsquo;s
                                         presentation of proof of damage with any payments paid by the Reseller for such damaged
                                         or non-compliant Product. For the sake of clarity, the terms &lsquo;Product&rsquo; or &lsquo;Products&rsquo;
                                         in this section 9 do not refer to a whole shipment, but to damaged items within a shipment.</font></td>
</tr></table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif"><img src="img101_v1.jpg" alt=""></font></p>

<p style="margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"></p>

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<p style="margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: -16pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Products&rsquo;
                                         Warranty</u>. The Companies warrant that the Products that shall be purchased by the
                                         Reseller shall be of excellent quality, shall be free from any third-party rights and/or
                                         claims, shall have a shelf life of at least 4 (four) years as of the delivery thereof
                                         to the Reseller, and shall be free from defects or damages. A Product shall be deemed
                                         defective and/or damaged in the following events: (a) broken jar, (b) broken or open
                                         jar&rsquo;s seal, (c) defective label, (d) spoiled Product. In that event the Reseller
                                         shall notify the Companies of any defective/damaged Product, the Companies shall fully
                                         refund the Reseller with the payment made by the Reseller for such Product. Photographic
                                         evidence shall be sent to the Companies before any refunds are actioned as Honey cannot
                                         be sent back to NZ.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Consideration</u>.
                                         In consideration for the purchased Products, the Reseller shall pay WMHD the payments
                                         set forth in <b><u>Appendix A</u></b> hereto (the &ldquo;<b>Consideration</b>&rdquo;).
                                         Any change to the Consideration shall require the prior written consent of both parties,
                                         and in event shall not apply to any Purchase Order already executed by the parties prior
                                         to such change notice. The Reseller shall pay the Consideration to WMHD pursuant to the
                                         payment terms set forth in <b><u>Appendix A</u></b>. The prices in Appendix A are ex-works
                                         prices. In addition to those costs there will be shipping costs that may include freight,
                                         duties, taxes and other costs associated with the export and importation of Product into
                                         Israel. It is agreed that such extra costs are borne by the Reseller. For the sake of
                                         clarity, those costs incurred in New Zealand will be added to the invoices issued by
                                         WMHD, and those costs incurred in Israel will be borne by the Reseller.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Taxes
                                         and Duties</u>. Each party shall bear its own taxes.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Term</u>.
                                         The term of this Agreement shall commence as of the Effective Date and shall terminate
                                         upon the lapse of sixty (60) months thereafter (the &ldquo;<b>Term</b>&rdquo;). Upon
                                         the expiration of the Term, the Agreement shall renew automatically for successive twenty-four
                                         (24) months&rsquo; periods, unless either party has provided the other party with a written
                                         notice of its election not to renew the Agreement at least thirty (30) days prior to
                                         the end of the Term or any renewal thereof.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Miscellaneous</u></font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.35in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.1</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Entire
                                         Agreement</u>. This Agreement represents the entire agreement between the parties on
                                         the subject matter hereof and supersedes all prior discussions, agreements and understandings
                                         of every kind and nature between them. No modification of this Agreement will be effective
                                         unless in writing, signed by both parties.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.35in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.2</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Force
                                         Majeure</u>. Neither party shall be liable for any failure or delay in performing its
                                         obligations under this Agreement, that is caused by flood, fire, earthquakes, epidemic,
                                         strike, war, governmental action or other cause reasonably beyond the control of the
                                         party, provided that such party takes diligent action to perform its obligations as promptly
                                         as possible after the condition has abated.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.35in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.3</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Governing
                                         Law/Jurisdiction</u>. This Agreement shall be exclusively governed by, interpreted and
                                         construed in accordance with the laws of New Zealand, the competent court in Auckland.
                                         New Zealand shall have sole and exclusive jurisdiction regarding any dispute or claim
                                         arising hereunder.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.35in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.4</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><u>Severability</u>.
                                         Any provision hereof which is found to be invalid, illegal or unenforceable under any
                                         applicable laws, shall be amended to the extent required to render it valid, legal and
                                         enforceable under such laws (or deleted if no such amendment is feasible), and such amendment
                                         or deletion shall not affect the enforceability of the other provisions hereof.</font></td>
</tr></table>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif"><img src="img101_v1.jpg" alt=""><font style="font-size: 10pt">&nbsp;</font></font></p>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"></p>

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    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&nbsp;</p></div>
    <!-- Field: /Page -->

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.35in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.5</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>Waiver</u>.
                                         The parties agree that failure of either party at any time to require performance by
                                         the other party of any of the provisions herein shall not operate as a waiver of the
                                         right of that party to request strict performance of the same or like provisions, or
                                         any other provisions hereof, at a later time.</font></td>
</tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.35in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.6</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>Notice</u>.
                                         Notice as required hereunder shall be delivered by hand, by courier service, by e-mail,
                                         or by registered or certified mail, return receipt requested, postage prepaid. A notice
                                         shall be addressed to the other party at the address listed above, or to another address,
                                         which may subsequently be specified in writing by a party. A notice shall be effective
                                         one (1) working day after being delivered by hand, courier service or by e-mail, and
                                         fifteen (15) working days after being sent by registered mail.</font></td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.35in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.7</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>Assignment</u>.
                                         Neither party may assign any right or obligation hereunder without the prior written
                                         consent of the other party.</font></td>
</tr></table>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.35in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.8</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>Counterparts</u>.
                                         This Agreement may be executed in any number of counterparts, all of which together will
                                         constitute one and the same Agreement.</font></td>
</tr></table>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.35in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.9</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>Binding
                                         Signature</u>. Each of the undersigned hereby represents and warrants that it is authorized
                                         to sign this Agreement on behalf of the party for which it is signing, and that said
                                         party authorized and approved this Agreement.</font></td>
</tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date set forth above:</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top; background-color: white">
    <td colspan="2" style="border-top: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif"><b>Waitemata Manuka Honey Direct Ltd</b></font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td colspan="2" style="border-top: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>MANUKA
    LTD</b></font></td></tr>
<tr style="vertical-align: top; background-color: white">
    <td colspan="2">&nbsp;</td>
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 5%; text-align: left; vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</font></td>
    <td style="border-bottom: Black 1pt solid; width: 42%; padding-bottom: 1pt; text-align: left; vertical-align: bottom"><img src="img105_v1.jpg" alt=""><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></font></td>
    <td style="width: 5%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="width: 5%; text-align: left; vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</font></td>
    <td style="border-bottom: Black 1pt solid; width: 43%; padding-bottom: 1pt"><img src="img102_v1.jpg" alt="">&nbsp;</td></tr>
</table>

<p style="margin: 0"></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top; background-color: white">
    <td style="width: 5%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</font></td>
    <td style="border-bottom: Black 1pt solid; width: 42%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">John Martin</font></td>
    <td style="width: 5%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="width: 5%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</font></td>
    <td style="border-bottom: Black 1pt solid; width: 30%">&nbsp;</td>
    <td style="width: 13%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>MANUKA
    LTD.</b></font></td></tr>
<tr style="vertical-align: top; background-color: white">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</font></td>
    <td style="border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</font></td>
    <td style="border-bottom: Black 1pt solid">&nbsp;</td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">VAT 516179181</font></td></tr>
</table>
<p style="margin-top: 0; margin-bottom: 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 5%">&nbsp;</td>
    <td style="vertical-align: bottom; width: 42%">&nbsp;</td>
    <td style="vertical-align: top; width: 52%">&nbsp;</td>
    <td style="vertical-align: top; width: 1%">&nbsp;</td></tr>
<tr style="background-color: white">
    <td colspan="2" style="vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Waitemata Honey Co Ltd</b></font></td>
    <td rowspan="8"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;<img src="img104_v1.jpg" alt=""></font></td>
    <td style="vertical-align: top">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-bottom: 1pt"><img src="img103_v1.jpg" alt=""></td>
    <td style="vertical-align: top">&nbsp;</td></tr>
<tr style="vertical-align: top; background-color: white">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</font></td>
    <td style="border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Neil Stuckey</font></td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; background-color: white">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</font></td>
    <td style="border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</font></td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; background-color: white">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; background-color: white">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; background-color: white">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
</table>


<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p>

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    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&nbsp;</p></div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><u>Appendix
A</u></b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">[**]</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p>

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