EX-10.18 11 cirtransb2a2ex10-18.txt ================================================================================ [PORTIONS OF THIS EXHIBIT HAVE BEEN REDACTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.] APPENDIX A-8 PRODUCTS Product Name: Denise Austin Pilates - AB-108N Product Description: Yoga Trainer Product Projected Units Sold next 24 months: XXXXXX Manufacturer: CirTran-Asia Sub-Manufacturer: Zhejiang Hengtai Machinary Manufacturing Co., Ltd Marketing Partner Contact Info: Tri-Star Current Sale Price: $XXXXXX USD - CIRTRAN-ASIA Current Cost to Manufacturer: $XXXXXX USD Total Tooling/Development Costs: $20,000 USD Gross Profit Margin Per Unit - $XXXXXX CirTran-Asia $ 0.30 USD Charles Ho $ 0.95 USD Denise Austin Pilates Stock Option Schedule Upon full execution of this Agreement, Cirtran's parent CirTran Corporation will issue the following options to purchase restricted common stock: Charles Ho 500,000 shares These initial options will vest and be exercisable only after Cirtran has sold 200,000 Denise Austin Pilates units. The options will be exercisable at $.06 per share after vesting. The options will expire and will no longer be exercisable on the date one year after the date hereof. In addition, for each whole multiple of 100,000 Denise Austin Pilates units sold by Cirtran during the first 24 months of this Agreement in excess of the initial 200,000 units, CirTran Corporation will grant Charles Ho an option to purchase 100,000 shares. Each such additional option will be exercisable for a period of 12 months at an exercise price equal to the fair market value of CirTran Corporation stock on the date of grant (i.e. the mean between the high bid and low asked prices for the stock for the date of determination). As a condition to grant of the options, each option holder will be required to make standard investment representations to CirTran Corporation. [XXXXX - REDACTED PURSUANT TO REQUEST FOR CONFIDENTIAL TREATMENT FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.] --------------------------------------------------------------------------------