Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 11

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 11
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 change upon 60 days’ prior written notice by us). Each order will include information reasonably requested by us. Each order is subject to our acceptance, after which it becomes an approved order (“ Approved Order ”). Any such Approved Orders are non-cancellable and not subject to rescheduling after acceptance by us. Any orders not accepted by us in writing are deemed rejected.

Under the terms of the NXC Distribution Agreement except as otherwise set forth in an applicable Approved Order, we invoiced NXC for Equipment as follows: fifty percent upon receipt of the applicable Approved Order, and fifty percent upon shipment of the Equipment. We retain a security interest in the Equipment to secure payment of the purchase price and NXC will take all actions reasonably requested to perfect such security interest.

Except as otherwise set forth in an applicable Approved Order, delivery of the Equipment and all other items supplied from us to NXC will be F.O.B. Origin QTI (Novato, California). Title and risk of loss of the Equipment and all other items will pass to NXC upon pickup from our site.

The NXC Distribution Agreement contains limited warranties with respect to the Equipment and relevant spare parts, a disclaimer of other warranties, rights to indemnification as stated in the NXC Distribution Agreement, and a limitation of liability. The NXC Distribution Agreement also addresses after sale servicing, and the provision of space parts, although we are under no obligation to provide spare parts to NXC but may elect to supply NXC with spare parts during the term of the NXC Distribution Agreement upon reasonable request by NXC and subject to availability of such parts to us. NXC is required to maintain an adequate supply of spare parts to provide timely support of Equipment. When introducing, during or for five years after the term of the NXC Distribution Agreement, (i) an upgrade to software (i.e., added functionality) for use with the Equipment, we shall, on NXC’s request,

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provide NXC with a media device containing the software so upgraded at reasonable prices to be agreed upon between the parties in writing; (ii) a premium upgrade (i.e., GPU upgrades) for use with the Equipment, we may, at our sole discretion, provide the upgrade to the Equipment at an additional cost to NXC to be agreed upon between the parties in writing; or (iii) an update to the software (i.e., bug fixes or error corrections) for use with the Equipment, we shall provide the update to the Equipment