Memorandum of Understanding between DuraMed, Sam, and ZetrOZ
DURAMED INC. January 10, 2019
960 South Broadway
Suite 120
Hicksville, NY 11801
Attn: Stan Teeple
Re: sam® Pro 2.0 Exclusivity in the United States PIP/No Fault market for 2019
The following is a Memorandum of Understanding between Sam International (CCRX), ZetrOZ Systems LLC, and Duramed Inc. (COMPANY) for the EXCLUSIVE distribution of sam® Pro 2.0 (SA271) in the United States for the PIP/No Fault Market, in accordance with the following terms and conditions:
1.
The exclusivity for COMPANY to distribute sam® Pro 2.0 (SA271) and sam® Gel Coupling Patches (UB-14-72) shall extend from January 2019 thru December 2019; provided the following minimum purchase quantities are met:
Calendar Month | sam® Pro 2.0 Unit Order Volume | sam® Pro 2.0 Unit Price (US$) |
Jan 2019 | 100 | $2,447 |
Feb 2019 | 110 | $2,447 |
March 2019 | 120 | $2,447 |
April 2019 | 130 | $2,447 |
May 2019 | 140 | $2,447 |
June 2019 | 150 | $2,447 |
July 2019 | 150 | $2,447 |
Aug 2019 | 150 | $2,447 |
Sept 2019 | 150 | $2,447 |
Oct 2019 | 150 | $2,447 |
Nov 2019 | 150 | $2,447 |
Dec 2019 | 150 | $2,447 |
2019 Annual | 1,650 |
|
2.
There are no minimum monthly order volumes for the packs of sam® Gel Capture Patches (UB-14-24)
Bulk Pricing for sam® Gel Capture Patches (UB-14-24): monthly Packs of Gel Capture Patches shall have the following discount price schedule on monthly orders/shipments:
·
1 – 299 Packs: US$ 107.50/Pack
·
300 - 599 Packs: US$ 103.50/Pack
·
600 & UP Packs: US$ 99.50/Pack
3.
Payments Terms to Sam International/CCRX are 100% at time of shipment (FOB: Trumbull, CT)
4.
Volume Rebate Schedule:
Tiers Rebate %
·
$750,000 - $1,500,000
2%
·
$1,500,001 – uncapped
3%
·
Rebate to be paid annually from dollar specified based upon attainment of the purchase goals listed above.
·
Payment to be made by check by:
February 1, 2020
5.
ZetrOZ will provide and permit COMPANY to use all Product Marketing Material; including but not limited to Product Photos, Model Placement Photo Protocols, Logos, Brochures....to promote sam® Pro 2.0
6.
This agreement will automatically renew at the end of each calendar year if minimum quantities are met.
7.
Monthly minimum orders after year one will be 160 per month in 2020 and 175 per month in 2021.
Agreed and accepted by mutual parties for Exclusivity in The United States PIP/No Fault market (less limited existing distributors); signatures below:
___________________________________ (Date)
President
Duramed Inc.
___________________________________
James M. Morton
President |
Sam International
Client Care Rx. Inc.
___________________________________
James S. Molinaro
Chief Commercial Officer
ZetrOZ Systems LLC
SAM INTERNATIONAL PO BOX 583 JAMISON PA. 18929 [P] 215 ###-###-#### [F] 855 ###-###-####
