Document:

EX-10.10

DATE: May 6, 1998 

TO: Universal Battery Corporation 

FROM: Stan Battat 

ATT: Randy T. Hardin 

PAGES: 1 

CUSTOMER NON DISCLOSURE AND SUPPLY AGREEMENT 

THIS AGREEMENT IS MADE THIS 6TH DAY OF MAY, 1998 BY AND BETWEEN STAN BATTAT D/B/A IMPORT CONSULTANTS OF TRUMBULL CONNECTICUT (“IMPORT”) AND UNIVERSAL BATTERY
CORPORATION OF DALLAS, TEXAS. 

WHEREAS IMPORT HAS VAST EXPERIENCE LOCATING FACTORIES AND OTHER BUSINESSES THAT SELL PRODUCTS/SERVICES THE TYPE OF WHICH UNIVERSAL IS IN THE MARKET TO PURCHASE; AND WHEREAS UNIVERSAL IS PREPARED TO PAY IMPORT A COMMISSION FEE ON
ALL PURCHASES IT MAY HEREAFTER MAKE FROM ANY SUPPLIER TO WHOM IT IS INTRODUCED BY IMPORT; 

NOW THEREFORE, IN CONSIDERATION OF THE FOREGOING RECITALS AND OTHER VALUABLE CONSIDERATIONS, THE SUFFICIENCY AND RECEIPT OF WHICH IS HEREBY MUTUALLY ACKNOWLEDGED, THE PARTIES HEREBY AGREE THAT: 

(1) UNIVERSAL SHALL PAY A COMMISSION FEE TO IMPORT OF 6.00% (SIX PERCENT) OF FACTORY NET INVOICE AMOUNTS ON ANY AND ALL PURCHASES IT MAY HEREAFTER MAKE AND WHICH GOODS ARE RECEIVED BY IT FROM ANY AND ALL SUPPLIER(S) TO WHOM IT IS
INTRODUCED BY IMPORT (FEE TO BE PAID) 

(2) UNIVERSAL AGREES THAT ONCE IT IS INTRODUCED TO A SUPPLIER(S) BY IMPORT IT MAY NOT MAKE ANY PURCHASES FROM [SIC] SUCH SUPPLIER WITHOUT PAYING IMPORT ITS FEE NOR APPROACH SUCH SUPPLIER FOR PURPOSES OF PLACING ANY ORDERS AND
AGREES TO CONTEMPORANEOUSLY PROVIDE IMPORT WITH A COPY OF SUCH ORDER. 

(3) IMPORT HEREBY ACKNOWLEDGES THAT NOTHING CONTAINED HEREIN SHALL PREVENT UNIVERSAL FROM MAKING ANY PURCHASES FROM OTHER SUPPLIERS NOT INTRODUCED TO THEM BY IMPORT AND ON SUCH PURCHASES NO COMMISSION SHALL BE DUE IMPORT.

Page 1 

(4) ALL FEES AND COMMISSIONS DUE TO IMPORT HEREUNDER SHALL BE BASED ON ALL MERCHANDISE ACTUALLY RECEIVED BY UNIVERSAL AND SHALL BE PAID TO IMPORT WITHIN FIFTEEN (15) DAYS OF THE RECEIPT OF MERCHANDISE; ALL OF WHICH SHALL BE IN
CONFORMITY WITH UNIVERSAL PURCHASE ORDERS. 

	_________________________	_________________________
	
RANDY T. HARDIN, 
		
STAN BATTAT D/B/A 
	
	
UNIVERSAL BATTERY CORPORATION 
		
IMPORT CONSULTANTS 
	

FACTORIES TO BE INTRODUCED (OTHERS MAY BE ADDED LATER BY MUTUAL WRITTEN AGREEMENT: 

CGB, HENDA POWER (BATTERIES) 

YUSHENG (SIRENS) 

E-HWA (TRANSFORMERS) 

Page 2Exhibit 10.1 - Stock Option Grant Notice and Letter Agreement

    Exhibit
      10.1 

     

    BioSpecifics
      Technologies Corp.

    35
      Wilbur Street

    Lynbrook,
      NY. 11563

    

    STOCK
      OPTION GRANT NOTICE AND LETTER AGREEMENT 

    Option
      grant date: _________

    [Date]

    

    Dear
      _________:

    

    I
      am
      pleased to inform you that the Stock Option Committee of the Board of Directors
      ("the Committee") approved a grant of an option for you to purchase up to
      _________ shares of the $.001 par value Common Stock of BioSpecifics
      Technologies Corp. ("the Company") at a price of $______per share, a price
      that
      is not less than 100% of the Fair Market Value (as defined in the BioSpecifics
      Technologies Corp. 2001 Stock Option Plan (the “Plan")), of the stock on
      _____________ ("the date of grant"); provided , however, that the exercise
      price
      per Common Share of any qualified incentive stock option granted to a
      Ten-Percent Stockholder (as defined in the Plan) shall not be less than 110%
      of
      such fair market value.

    

    This
      option grant is subject to all the terms and conditions of the Plan, and
      stockholder approval of the Plan, and any rules and regulations promulgated
      by
      the Committee with respect to the Plan. If you wish to see terms and conditions
      of our past plans in detail, you may obtain a copy of previously approved plans
      from the Treasurer of the Company. By signing and returning a copy of the second
      page of this letter to the Treasurer of the Company, you agree to those
      anticipated conditions. The anticipated terms and conditions include but are
      not
      limited to the
      following:

    

    1.  This
      option is:

     

    
      
        	
                ____

              	
                intended
                  to qualify as an incentive stock option within the meaning of Section
                  422
                  of the Internal Revenue Code of 1986, as amended (the "Code") and
                  shall be
                  so construed; provided, however, that nothing in this option grant
                  letter
                  shall be interpreted as a representation, guarantee, or undertaking
                  on the
                  part of the Company that the option is or will be determined to
                  be an
                  incentive stock option within the meaning of Code Section 422;
                  or

              
	 	 
	
                ____

              	
                intended
                  to be a nonqualified stock
                  option.

              

      

    

     

    
      
        	
                2.

              	
                If
                  this is an incentive stock option grant, certain dispositions (see
                  paragraph 8) can cause the option to fail to qualify as an incentive
                  stock
                  option with respect to some or all the shares covered by the
                  option.

              

      

      

      
        	
                3.

              	
                This
                  option vests immediately and may be exercised in part at any time
                  beginning _____________, and until ____________, _______ years
                  from the
                  date of grant.

              

      

      

       

    

    
      
         

      

      
        
          Page
            1 of
            2

        

        
          

        

      

      
         

      

    

    

      
        	
                4.

              	
                You
                  are the only person who may exercise an option during your lifetime.
                  You
                  may not transfer it other than by will or under the laws of descent
                  and
                  distribution (see paragraph 6).

              
	 	 
	
                5.

              	
                All
                  the options will terminate immediately, and any unexercised option
                  may not
                  be exercised if you breach any provision of this agreement; or
                  if your
                  employment by the Company or any of its subsidiaries is terminated
                  for
                  cause.

              
	 	 
	
                6.

              	
                The
                  options will terminate, and any unexercised option may not be exercised
                  to
                  the extent that the options are not exercised within thirty (30)
                  days
                  following your termination of employment or , if applicable, termination
                  of your directorship or consultancy, if such termination was not
                  a result
                  of retirement, death, or for cause. The options expire no later
                  than six
                  (6) months following termination of employment if because of retirement
                  or
                  death.

              
	 	 
	
                7.

              	
                No
                  representation is made to you with respect to the tax effect upon
                  your
                  receipt of the options, your exercise thereof, or the sale of the
                  shares
                  so acquired.

              
	 	 
	
                8.

              	
                If
                  you make a disposition within the meaning of Code Section 424(c)
                  and the
                  regulations promulgated thereunder of any shares issued pursuant
                  to your
                  exercise of an incentive stock option within the two year period
                  commencing on the day after the grant or within the one year period
                  commencing on the date of transfer of such shares to you pursuant
                  to such
                  exercise, you must notify the Company within 10 (ten) days
                  thereof.

              
	 	 
	
                9.

              	
                To
                  the extent that the Company is required to withhold taxes upon
                  exercise,
                  or taxes are due upon any disposition, you may be required to immediately
                  deliver to the Company the amount of all applicable withholding
                  taxes, if
                  any, under Federal, state and local law.

              
	 	 
	
                10.

              	
                To
                  the extent that anything contained herein or in any such rules
                  or
                  regulations are inconsistent with the Plan, the terms of the Plan
                  shall
                  govern.

              

      

    

     

    Please
      confirm your agreement herewith by signing and dating this
      grant letter
      in the space provided below and returning the signed copy of
this
      grant letter
      to the Treasurer of the Company.

    

    Yours
      truly,

     

    
      	
              BioSpecifics
                Technologies Corp.

               

               

              By:
                _______________________________

              Thomas
                L. Wegman

              President

            	
              ACCEPTED
                AND SIGNED:

               

               

              ___________________________

               

              ___________________________

              (Date)

            

    

     

     

    
      
         

      

      
        
          Page
            2 of
            2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]