i) Store Locator – Place a store landlord on the V2CIGS web platform if Intrepid has achieved distribution in 10,000 retail accounts, as measured by Intrepid`s RW3 software, MSA or any other reliable source of such data, including, but not limited to, employers and non-reporting subcontractors. 8) “Bricks & Mortar Distribution Channel” means U.S. sellers of tobacco products who sell or distribute products, including tobacco, primarily on a physical site and not on the Internet. The signatures of the senior management of the Parties indicate that the Parties agree and intend to be bound by this Agreement. i. Upon the conclusion of this agreement, cease all efforts to obtain a new distribution of V2 products within the stationary distribution channel; The company has developed Beyond Tobacco™ the nicotine-free and tobacco-free base material for taat, its flagship product. Taat is a flammable analogue to tobacco cigarettes that has been carefully designed to accurately mimic the experience of smoking a tobacco cigarette by mimicking the sensory and motor components of “ritual” smoking. A finishing technique of Beyond Tobacco™ patent-pending base material, results in a tobacco-like fragrance and taste, although the base material does not control actual tobacco. In mid-2020, retail market testing in California and Nevada showed that current legal-age tobacco smokers, who tried taat for the first time, had no significant experience with traditional cigarettes. v.
Payment shall be made by the party to blame for a price fixing within thirty (30) days of the distribution of the corresponding minutes, unless such minutes are contested. In the event of a dispute, payment must be made within thirty (30) days of the settlement of the dispute. Any undisputed amount must be paid within the initial period of thirty (30) days. With the development of Beyond Tobacco™ that contains neither tobacco nor nicotine, taat aims to introduce an innovative and experience-based alternative to tobacco cigarettes for tobacco smokers who want to turn nicotine behind them. Beyond Tobacco™ offered in the “original” and “menthol” varieties, has been designed to accurately mimic every aspect of smoking in a traditional cigarette. From cigarette-style packaging and stick-sized packaging, to the blend of proprietary flavors that give tobacco the taste and smell, to the draw sensation and the amount of smoke exhaled™ Beyond Tobacco has been carefully developed to allow smokers to continue enjoying the ritual of smoking while nicotine absorption is interrupted. Taat intends to launch Beyond Tobacco™ in the middle of the fourth quarter of 2020 and aims to position itself in the global tobacco industry with a value of $814 billion (2018)1, in order to take advantage of the growing global demand for alternatives to conventional cigarettes. 2. Authority – The Parties warrant that they have the right to enter into this Agreement and that this Agreement and compliance with the terms of this Agreement do not violate other agreements of the Party or benefit from an agreement or authorization that has not already been obtained. 1. Integration – This Agreement and the attached Annexes constitute the comprehensive and unique agreement between the Parties with respect to the subject matter of this Agreement and all other negotiations, assurances, agreements and prior arrangements are superseded, including the Specific Statement of Intent, which was implemented on 15 March 2013 on behalf of VMR and on 18 March on behalf of NTC. 2013, and the Parties waive each other and NTC from all obligations arising from this Statement of Intent and previous agreements.
. . .