Inventory Investment Letter Agreement between Pish Posh Baby and Ber-Line
This agreement is between Pish Posh Baby and Ber-Line. Ber-Line will purchase inventory recommended by Pish Posh, and Pish Posh will buy this inventory from Ber-Line at a 12% markup per item, except for the final investment, which is at a 6% markup. Pish Posh covers shipping, warehousing, and fulfillment costs, pays only for items sold, and is not liable for unsold inventory. Weekly sales logs and payments are required, with periodic reconciliations to ensure accuracy.
Exhibit 10.18
Pish Posh Baby
320 Cross St
Lakewood, NJ 08701
July 24, 2014
Ber-Line
Asher Berliner
Dear Asher:
Here's the promised summary of what we have agreed upon regarding the inventory investment.
Ber-Line will purchase inventory that is recommended and sourced by Pish Posh. Pish Posh will purchase inventory directly from Ber-line for a rounded 12% increase in price per item except for the final investment which is at a rounded 6% per item. The details of agreement are the following
| • | Pishposh will cover the costs of, inbound fright, warehousing and fulfillment |
| • | Pishposh will not be liable for inventory that doesn't get sold |
| • | Pishposh will only pay for items sold. |
| • | Ber-line allows Pishposh to bring in more inventories then sold to help the efficiency and allows us to place orders weekly rather than daily. |
| • | Pishposh will keep a log of sales and inventory on hand and will be making weekly payments based of the log and sales report |
| • | A tend of run we will go through log and make sure everything is aligned properly |
| Date | Investment | Amount Owed |
| 11/13/2013 | 214,605.00 | 240,960.00 |
| 11/19/2013 | 214,605.00 | 240,960.00 |
| 12/18/2013 | 212,040.00 | 238,080.00 |
| 1/30/2014 | 23,840.00 | 26,361.00 |
| 3/24/2014 | 37,400.00 | 41,996.00 |
| 3/26/2014 | 182,380.00 | 204,763.00 |
| 4/10/2014 | 12,780.00 | 14,346.00 |
| 5/26/2014 | 163,000.00 | 173,000.00 |
| Total | $ 1,060,650.00 | $ 1,180,466.00 |
We thank you for your generosity and assistance.
Sincerely,
 | |
| Asher Berline | |
| /s/ Eli Nojovitz | |
| Eli Nojovitz | |
| COO |
