GLOBE MEDICAL TECH, INC.
0000 X. XXX XXXXXXX XXXX X. XXXXXXX, XX 00000, X.X.X.
TEL: (000) 000-0000 FAX: (000) 000-0000
XXX.XXXXXXXXXXXX.XXX
Manufacturing and Development Agreement
(See Addendum Attached)
November 13, 2003
This Purchasing Agreement is for Development and manufacturing of Maxxon 3cc
safety syringe design with locking mechanism with the following terms and
conditions:
Globe's responsibilities include making production mold, product development
assistance and validation of the initial assembly process, all product testing,
test data and prototype product samples for submission to the FDA in connection
with the planned 510(k) submission. Globe will produce 10,000,000 (10 Million)
pcs Maxxon safety syringes package and sterilized using multi cavity production
mold as listed below:
Cylinder: 24 cavities
Seat: 32 cavities
Piston: 24 cavities
Stopper: 26 cavities
Plunger: 12 cavities ( two molds, total 24 cavities)
Rear Stop: 28 cavities
Total cost for above project $1.4 million
*After the first 10,000,000 pcs Maxxon safety syringe production, the syringe
price shall be: $0.10 per syringe packaged and sterilized with minimum order of
one million pcs.
*The production capacity: Two million syringes per month
*Material: Rubber parts are made of thermal plastic rubber
Other parts are made of PP
*Estimated Mold Making Schedule:
Six to eight weeks for making production molds
Page 1 of 2
November 13, 2003
Globe & Maxxon Purchasing Agreement cont'd
*Payment Terms:
50% due at the purchase order signed.
25% due after FDA approval of the syringe
25% due after receiving the safety syringes
Note: 1. The price is based on FOB West Coast, USA
2. This price is based on full container shipment.
3. The price is valid for three months.
Signed and agreed:
Maxxon, Inc.
Signed by:/s/ Xxxxxxx Xxxxx date signed: November 13, 2003
--------------------------- -----------------
Xx. Xxxxxxx Xxxxx / President & CEO
Maxxon, Inc.
0000 Xxxxx Xxxxxx Xxx
Xxxxx, XX 00000
Telephone: (000) 000-0000 Fax: 000-000-0000
Globe Medical Tech, Inc.
Signed by:/s/ Xxxx Xx date signed: November 13, 2003
--------------------------- -----------------
Xxxx Xx / President & CEO
Globe Medical Tech, Inc.
0000 Xxxx Xxx Xxxxxxx Xxxxxxx X.
Xxxxxxx, XX 00000
END - Page 2 of 2
ADDENDUM TO PURCHASING AGREEMENT
DATED: NOVEMBER 13, 2003
By this addendum, the parties to the Purchasing Agreement signed between Globe
Medical Tech, Inc. and Maxxon, Inc. on November 13, 2003 do hereby agree to
change the title of the agreement from "Purchasing Agreement" to "Manufacturing
and Development Agreement".
Signed and Agreed to by:
Maxxon, Inc.
BY: /s/ Xxxxxxx Xxxxx Date signed: November 17, 2003
------------------------------- -----------------
Xxxxxxx Xxxxx
President and CEO
Maxxon, Inc.
0000 Xxxxx Xxxxxx Xxx
Xxxxx, XX 00000
Globe Medical Tech, Inc.
BY: /s/ Xxxx Xx Date signed: November 17, 2003
------------------------------- -----------------
Xxxx Xx
Presidnt and CEO
Globe Medical Tech, Inc.
0000 Xxxx Xxx Xxxxxxx Xxxxxxx X.
Xxxxxxx, Xxxxx 00000
