Yunhong CTI enters exclusive US distribution deal for biodegradable balloons with Kunshan Fair Craft

YUNHONG GREEN CTI LTD.

Exclusive distribution rights in the US for biodegradable balloons from Kunshan Fair Craft.
Initial term ends Jan 31, 2024, auto-renewing annually unless notice given.
No minimum purchase obligation for Yunhong CTI.
Distributor may independently develop competing products.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

YUNHONG GREEN CTI LTD. entered into Exclusive Distribution Agreement with Kunshan Fair Craft Product Co., Ltd. (effective 2023-01-28).

Action: entry
Agreement: supply
Counterparty: Kunshan Fair Craft Product Co., Ltd.
Effective: 2023-01-28

Exact text from the filing

On January 28, 2023, Yunhong CTI Ltd (the “Company” or “YCTI”) entered into an Exclusive Distribution Agreement (the “Agreement”) with Kunshan Fair Craft Product Co., Ltd. (“FAIR”) to facilitate the sale and market development of balloons with biodegradable features in the United States.

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YUNHONG GREEN CTI LTD. filing history →

Source: SEC EDGAR

accession 0001493152-23-003353

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