Texas
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000-11808
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59-2219994
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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16633 Dallas Parkway, Suite 250
Addison, Texas
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75001 | |
(Address of principal executive offices) | (zip code) |
Exhibit No. | Description | |
10.1 |
First Amendment to Shipping and Consulting Agreement
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WOUND MANAGEMENT TECHNOLOGIES, INC. | |||
Date: June 4, 2015
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By:
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/s/ Darren Stine | |
Darren Stine, Chief Financial Officer | |||
1.
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SECTION THREE - ONLINE RETAIL SALES, Resale: WDH currently has a designated employee to answer phones and process retail orders from consumers, hospitals, physicians, etc. for Company. Effective on or before June 15, 2015, Company will no longer require this service by WDH and will handle these calls and processing internally. This decision by Company does not affect the provisions of Section Three - Online Retail Sales, which will remain intact for the purposes of processing retail orders of Wound Care Products through WDH’s online pharmacy, PlanetRx.
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2.
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SECTION FOUR - PAYMENT AND INVOICING, Statement of Account: Effective as of January 1, 2015, the third sentence of this section shall read: “Within 45 days of the end of each fiscal quarter during the term of the Agreement, the Company shall make a payment (“Administration Fee”) to WDH in an amount equal to 5% of an amount equal to the difference of (i) the Company’s gross revenues for sales of Product shipped by WDH during such fiscal quarter as determined in accordance with the Company’s audited financial statements for such quarter, minus (ii) any such revenues attributable to sales made by WDH pursuant to Section Three hereof.” In the event WDH’s Administration Fees reach $400,000 USD, going forward, the Administration Fee will then be reduced to and remain at 3%.
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3.
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SECTION FIVE - TERM, Renewals: Per the Agreement, either party may terminate this Agreement effective September 19th of each year provided that such party gives written notice to the other party of such termination prior to June 15th of that year. Termination of Agreement includes all counterparts. See SECTION TEN - GENERAL PROVISIONS, Notices, for further information and SECTION ELEVEN - EXECUTION, Addresses for Notices.
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WDH, LLC | Wound Management Technologies, Inc. | ||||
Signature: |
/s/ Doug Taylor
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Signature: |
/s/ Robert Lutz
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Print Name: |
Doug Taylor
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Print Name: |
Robert H. Lutz, Jr.
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Title: |
EVP, Sales and Market Development
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Title: |
CEO
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Date: | 5/28/15 | Date: | 6/1/15 |