Australian TAGLaw member, Piper Alderman, recently advised The Food Revolution Group Ltd (ASX:FOD) on a strategic distribution agreement and investment by Careline. The proposed distribution agreement provides FOD with access to Careline’s extensive product distribution network in China.
Careline is incentivised, through the issue and conversion of up to 280million Performance Shares at staged hurdles, to lift FOD’s revenue from $35 million per annum to up to $500 million per annum, marking this as a significant deal in the history of the company.