MAP PRODUCT PRICING

Minimum Advertised Price Policy

Jovial Foods, Inc. has invested substantial resources in developing its bionaturae and jovial brands. In order to maintain and further enhance the (brand) image as a high quality and premium offering, and to further enhance its competitiveness in the marketplace Jovial Foods, Inc. is instituting a policy of minimum advertised price standards for bionaturae and jovial brand products. This Minimum Advertised Pricing Policy (“MAP Policy”) will become effective October 30, 2020 and will apply to retailers and distributors, including catalogs and internet retailers (collectively, “Resellers”), who resell Jovial Foods, Inc. products to end users located in the United States or resells Jovial Foods, Inc. products to other countries with the main domicile of the retailer based in the United States.

Jovial Foods, Inc. greatly values the efforts of all Resellers to distribute bionaturae and jovial products and support our customers. Jovial Foods, Inc. reserves the right to suspend and/or cancel all orders and terminate any supply connection with any Reseller that violates this MAP Policy, which is adopted for the benefit of all Resellers and will be uniformly enforced.

This MAP Policy shall work under the following guidelines:

Policy:  All Jovial Foods, Inc. products are subject to the MAPP. The current listing of products and applicable Minimum Advertised Price (“MAP”) will be posted and is available to all authorized Resellers electronically at bionaturae.com. MAP and the products subject to MAPP may be changed from time to time at Jovial Foods, Inc. sole discretion. Authorized Resellers are responsible for remaining current with the MAPP, products and pricing. Jovial Foods, Inc., at its sole discretion, reserves the right to discontinue doing business with any reseller that advertises any Jovial Foods, Inc. product at a price lower than the MAPP.

Scope: MAPP applies to any and all advertisements of Jovial Foods, Inc. products in any and all media including, without limitation, flyers, posters, coupons, mailers, inserts, newspapers, magazines, catalogs, mail order catalogs, Internet or similar electronic media including websites, forums, email newsletters, email solicitations, television, radio and public signage.

Official Policy and Guidelines:

1. The MAPP will be enforced by Jovial Foods, Inc. at its sole discretion. Product advertised on the internet below MAPP price will be a violation of MAPP.
2. Jovial Foods, Inc. reserves the right, to take additional action with respect to any Reseller that violates this MAPP, as available to Jovial Foods, Inc. by law.
3. Jovial Foods, Inc. recognizes that any authorized Jovial Foods, Inc. retailer can make its own decisions to advertise and sell any Jovial Foods, Inc. product at any price it chooses without consulting or advising Jovial Foods, Inc. Similarly, Jovial Foods, Inc. has the right to make its own independent decision at any time regarding product allocations and Reseller participation as a member of the Jovial Foods, Inc. Authorized Retailer Program.
4. Jovial Foods, Inc. will maintain an updated “MAPP Product Master List” of the products that will fall under this MAPP. Jovial Foods, Inc. reserves the right to update or modify this list at any time.
5. It shall not be a violation of this MAPP to advertise in general that the Reseller has “the lowest prices” or will match or beat its competitor’s prices, or to use similar phrases; so long as the Reseller does not include any advertised price below MAP and otherwise complies with this MAPP.
6. All products listed will have a MAP retail price. Listing a price below the MAP retail price next to the featured MAP product in any advertising will be viewed as a violation of this MAPP. This MAPP also applies to any activity which EJovial Foods, Inc. determines, in its sole discretion, is designed or intended to circumvent the intent of this MAPP such as solicitations for ‘group purchases’.
7. Resellers are also responsible for ensuring Jovial Foods, Inc. product pricing is at or above MAP on internet search engines. Resellers are free to set the actual resale price of any product as long as it is at or above the MAP given the most recent publication of the MAPP price list.
8. Pricing listed on an Internet site is considered an “advertised price” and must adhere to this MAP Policy. Once the pricing is associated with intent to purchase (added to shopping cart or order), the price becomes the selling price and is not bound by this MAP Policy. Statements such as “add to basket to see price”, “we will match any price”, “call for price” or phrases of similar import are acceptable as long as the price advertised or listed for the products is not less than the pricing floor listed above. In addition, discounts applied at checkout to the entire order based on a customer’s purchasing history with the Reseller, such as discounts for “frequent shoppers”, do not violate this MAP Policy.
9. Where Jovial Foods, Inc. products are bundled with or sold as part of a package that includes other products (whether or not manufactured by Jovial Foods, Inc., it shall be a violation of this MAPP to sell or advertise the bundle (or package) at a price that: (a) is lower than the total Minimum Advertised Price of the Jovial Foods, Inc. product or (b) violates the letter or spirit of the MAPP. It shall be a violation of this MAPP if products are bundled with or sold as part of a package that includes products not pre-approved by Jovial Foods, Inc.
10. Although Resellers remain free to establish their own resale prices, Jovial Foods, Inc. reserves the right to cancel all orders and indefinitely refuse to accept any new orders from any Reseller whose net retail sales price is less than the current MAP retail price established by Jovial Foods, Inc. in the absence of a specific exception contained in the MAPP.
11. Resale activities are only approved in channels and geographies where Jovial Foods, Inc. products are not sold directly by Jovial Foods, Inc. or through their negotiated retail partners. Retailer shall not promote, market, advertise, offer to sell, or sell the products on or through any third-party online marketplace or auction services such as Amazon, eBay, Walmart, Jet, Slick Deals, Groupon, Rakuten, or similar websites without prior written consent of Jovial Foods, Inc.
12. Any violation of this agreement results in suspension of payment terms, discounts, and all special programs until further notice.
13. Failure to comply with this policy may result in Jovial Foods, Inc. terminating relationship with Reseller immediately.

Modification: Jovial Foods, Inc. reserves the right at any time to modify, suspend, or discontinue the MAPP in whole or in part or designate promotional periods during which the terms of the policy change or designate periods of time during which the policy is not applicable. Policy modifications shall be communicated to authorized Resellers electronically.

Enforcement and Interpretation: Jovial Foods, Inc. will enforce the MAPP through its own staff and outside consultants and agents. Jovial Foods, Inc. will unilaterally and in its sole discretion make all determinations relating to a violation of the MAPP to its sole satisfaction. All matters of interpretation and application of the terms of the MAPP shall be made solely by Jovial Foods, Inc.

Severability: If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal, or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.

Questions: Any questions about this policy should be directed, in writing, to the policy administrator at compliance@bionaturae.com