SEC Form 6-K filed by Bon Natural Life Limited
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of May 2025
Commission File Number 001-40517
BON NATURAL LIFE LIMITED
(Translation of registrant’s name into English)
Room 601, Block C, Gazelle Valley, No.69, Jinye Road
High-Tech Zone, Xi’an, Shaanxi, China
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Supply Agreement
On May 12, 2025, our subsidiary Xi’an App-Chem Bio (Tech) Co., Ltd (“App-Chem”) entered into a Sales Cooperation Agreement (the “Agreement”) with Shanghai Risesun International Trade Co., Ltd. (“Shanghai Risesun”). Under the Agreement, App-Chem grants Shanghai Risesun the non-exclusive right to market, distribute and sell App-Chem’s Tea Pigment Series products, including, but not limited to (i) tea pigment powder, (ii) tea pigment tablets, (iii) tea pigment concentrated liquid, and (iv) tea pigment compound series products (collectively, the “Products”). The term of the Agreement is twenty-four (24) months.
App-Chem will be responsible for all research and development, production and quality control such that the Products are compliant with applicable national standards, and provide a Certification of Analysis (COA). App-Chem will also prioritize Product orders to Shanghai Risesun.
Pursuant to the Agreement Shanghai Risesun has guaranteed aggregate sales of no less than US$24,000,000 over the term.
Any quality claims from Shanghai Risesun must be submitted within two (2) months from the date on which they received the Products. App-Chem is not liable for any quality issues arising from improper storage or contamination during unpacking or handling by Shanghai Risesun. If any quality discrepancy arises, a re-inspection shall be conducted by a mutually agreed-upon third-party. If the re-inspection confirms non-conformity, App-Chem shall bear all costs incurred.
Products will be transported to such sites as designated by Shanghai Risesun, with warehouse charges remaining the sole responsibility of App-Chem. Shanghai Risesun will provide App-Chem notice for any specialized packaging and bear any additional costs incurred therefrom.
App-Chem must receive full payment from Shanghai Risesun for any Products before they are dispatched.
Either party that terminates the Agreement without justifiable reasons (as defined in the Agreement) or fails to fulfill its obligations under the Agreement shall compensate the other party with a liquidated damages equivalent to 15% of the total Agreement amount. Any lawsuits must be filed in a court located in the People’s Republic of China.
The foregoing is a summary of the material terms of the Agreement. The Agreement contains additional terms, covenants and conditions and should be reviewed in its entirety for additional information.
Exhibits
The following exhibits are included in this Form 6-K:
Exhibit No. | Description of Exhibit | |
10.1 |
Translation of Sales Cooperation Agreement with Shanghai Risesun International Trade Co., Ltd. | |
99.1 | Press Release dated May 22, 2025 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: May 22, 2025 | Bon Natural Life Limited | |
By: | /s/ Yongwei Hu | |
Yongwei Hu | ||
Chairman and Chief Executive Officer |