EX-10.6
VARSAL TECH, INC.
Exhibit 10.6
THREE-WAY RESEARCH AND PRODUCT DEVELOPMENT AGREEMENT
This Three-Way Research and Product Development Agreement (“Agreement”) is entered into as of July 1, 2018, by and among:
| 1. | VARSAL CHEMICALS (TANGSHAN) CO., LTD., a company organized under the laws of the People’s Republic of China, with its principal place of business at TANGSHAN SEAPORT DEVELOPMENT ZONE, TANGSHAN, HEBEI, CHINA (“Varsalchem Tangshan”); | |
| 2. | SHANGHAI VARSAL CO., LTD., a company organized under the laws of the People’s Republic of China, with its principal place of business at Suite 1203, No. 939 Jin Qiao Road, Shanghai, China (“Shanghai Varsal”); and | |
| 3. | VARSAL LLC, a company organized under the laws of the United States of America, with its principal place of business at 363 Ivyland Road, Warminster, PA (“Varsal”). |
Collectively, the above parties are referred to as the “Parties,” and individually as a “Party.”
1. Purpose
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