Purchase Order Agreement between Zosano Pharma Corporation and Harro Hofliger Packaging Systems for Commercial Packaging Machine
Zosano Pharma Corporation has placed a purchase order with Harro Hofliger Packaging Systems for a commercial coating and primary packaging machine valued at $11,545,711, plus applicable tax, totaling $12,159,076.90. The agreement outlines staged payment terms, including initial payments upon order and at set milestones such as design approval, manufacturing completion, and shipment. The machine will be shipped to Zosano Pharma's facility in Fremont, California, with payment due in full within 30 days of the final invoice. This contract specifies delivery, payment schedule, and contact details for both parties.
Exhibit 10.1
 | Purchase Order #9186G |
| Vendor: Harro Hofliger Packaging Systems 350 S. Main St. Suite 315 Doylestown, PA 18901 Contact: Joe Pistorius Email: ***@*** Web: www.x-rates.com/calculator.html | Ship To: Zosano Pharma Corporation 34790 Ardentech Court Fremont, California 94555 US Attn: Hayley Lewis, Room: 2114 Email: ***@*** Web: www.zosanopharma.com | Bill To: Zosano Pharma Corporation 34790 Ardentech Court Fremont, California 94555 US Email: ***@*** | ||||||||||||||||||
| Order Date: 5/23/18 Carrier: Best Way FOB: Ship Point Terms: Net 30 Agent: Scott Cosner, ***@*** | ||||||||||||||||||||
| Quote | ETA | Delivery | Product No. | Item Description | Qty | U of M | Tax | Price | Ext | |||||||||||||||||
| 1. | 4853 - 5499/18_PR108313 | Standard Shipping | ZCAPX M207 Commercial Coating and Primary | 11,545,711 | Dollars | 5.3125 | % | $ | 1.00 | $ | 11,545,711.00 | |||||||||||||||
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| • Payment terms: $1,500,000.00 upon order $1,500,000.00 at 60 days after PO acceptance 25% after finalizing/approval of design 20% after completion of manufacturing of parts/at assembly start 20% after approval at manufacturer’s plant & before shipment 10% within 30 days at the latest after date of invoice, net |
| Subtotal: | $ | 11,545,711.00 | ||||||||||||||||||||||
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| Tax: | $ | 613,365.90 | ||||||||||||||||||||||||
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| Misc: | $ | 0.00 | ||||||||||||||||||||||||
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| Freight: | $ | 0.00 | ||||||||||||||||||||||||
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| Total: | $ | 12,159,076.90 | ||||||||||||||||||||||||
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