Under the terms of the agreement, Wild is granted the non-exclusive worldwide right as a distributor to market and resell all stevia products manufactured by Sunwin and use of all trademarks.
In conjunction with the agreement, Wild also acquires an additional 7.67 million shares in exchange for its stake in Sunwin USA, and granting Sunwin exclusive ownership of certain flavour formulations for use with Sunwin’s stevia extracts developed by Wild.
In light of the new distribution agreement, both parties have agreed to terminate the previous distribution agreement between Wild Flavors and Sunwin USA.
Source: Sunwin Stevia International
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