Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 12

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 12
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 at no additional cost to NXC.

On December 11, 2024, we and NXC entered into the Amended and Restated Distribution Agreement (the “ Amended Distribution Agreement ”), which amends and restates the NXC Distribution Agreement in its entirety, making some modifications to the NXC Distribution Agreement but retaining other terms. The Amended Distribution Agreement has a term that runs until December 31, 2026, unless earlier terminated or extended by mutual written agreement. The Amended Distribution Agreement provides for, among other things, that no later than five days prior to the end of each calendar quarter, NXC shall provide to us a Forecast (as defined in the Amended Distribution Agreement) of the anticipated purchases of QT Breast Scanners during the subsequent twelve month period. The Amended Distribution Agreement further provides that the Forecast for 2025 and 2026 shall be no less than the amounts (“ MOQs ”) set forth in an exhibit to the Amended Distribution Agreement, by quarter and by year. Furthermore, all purchase orders from NXC shall be for no less than the MOQs, which NXC must order on the quarterly and annual basis as set forth in an exhibit to the Amended Distribution Agreement. However, in the event that we do not enter into a separate original equipment manufacturing agreement with CMSC (as defined below), then the MOQs shall be non-binding only in the event that we cannot fulfill the manufacture and delivery volumes required for NXC to meet the MOQs. Furthermore, the Amended Distribution Agreement provides that should NXC fail to submit a purchase order for no less than the MOQs in any quarterly or annual period, then we may invoice NXC and NXC shall pay us for the difference between the Equipment purchased and the MOQs for such period.

NXC may set the resale price for customers at its sole discretion. Except as otherwise set forth in an applicable Approved Order, the Amended Distribution Agreement provides that we will invoice NXC for Equipment upon shipment of the Equipment and NXC shall pay the invoice by NET thirty days from shipment of the Equipment.

The Amended Distribution Agreement obligates us to continue to provide technical support, spare parts, and necessary know-how in order for NXC to continue to service and support Equipment for at least five years after installation of the Equipment at a customer site. The Amended Distribution Agreement also deleted a provision in the Distribution Agreement that required NXC to request each of its customers to have a qualified or trained breast radiologist