SEC Contract Filing

Filing Date: 2024-12-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>qti-nxcamendedandrestatedd.htm
<DESCRIPTION>EX-10.1
<TEXT>
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<title>Document</title></head><body><div id="i1ceff0f370384fe4b550f834b4d351c7_1"></div><div style="min-height:67.68pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Exhibit 10.1</font></div><div style="text-align:right"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Certain of the exhibits and schedules to this exhibit have been omitted in accordance with Regulation S-K Item 601(b)(2) because it is both (i) immaterial and (ii) treated by the Company as private and confidential. The Registrant agrees to furnish supplementally a copy of all omitted exhibits and schedules to the SEC upon request.</font></div><div style="margin-top:12pt;padding-left:116.47pt;padding-right:116.47pt;text-align:center;text-indent:-35.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%;text-decoration:underline">AMENDED AND RESTATED</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%"> </font></div><div style="margin-top:1pt;padding-left:116.47pt;padding-right:116.47pt;text-align:center;text-indent:-35.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%;text-decoration:underline">DISTRIBUTION AGREEMENT</font></div><div style="padding-left:77.5pt;padding-right:77.5pt;text-align:center"><font><br></font></div><div style="margin-top:12pt;padding-left:6pt;padding-right:6.25pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">On this </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">11th</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> day of December, 2024 (the &#8220;Effective Date&#8221;), NXC Imaging, a wholly owned subsidiary of Canon Medical Systems USA, Inc. a California corporation (&#8220;Distributor&#8221; or &#8220;NXC&#8221;) and QT Imaging Holdings, Inc., a Delaware corporation (&#8220;Seller&#8221; or &#8220;QTI&#8221;) (each individually a &#8220;Party&#8221; and collectively the &#8220;Parties&#8221;) make and enter into this Amended and Restated Distribution Agreement (the &#8220;Agreement&#8221;). As of the Effective Date, this Agreement amends and restates in its entirety, and supersedes, the Distribution Agreement entered into by and between NXC and QTI on June 10, 2024 (the &#8220;Original Agreement&#8221;).</font></div><div style="margin-top:12pt;padding-left:0.05pt;padding-right:0.05pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">RECITALS</font></div><div style="margin-top:12pt;padding-left:6pt;padding-right:6.55pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, QTI is in the business of manufacturing and supplying the products set forth in Exhibit A (Product Specifications) (the &#8220;Equipment&#8221;), and providing certain professional training and maintenance services as set forth in this Agreement&#59;</font></div><div style="margin-top:12pt;padding-left:6pt;padding-right:6.4pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, NXC is in the business of selling such products to its customers and distributors (each, a &#8220;Customer&#8221;)&#59;</font></div><div style="margin-top:12pt;padding-left:6pt;padding-right:6.25pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, the Parties desire for NXC to resell certain equipment manufactured by Seller pursuant to the terms of this Agreement&#59;</font></div><div style="margin-top:12pt;padding-left:6pt;padding-right:6.45pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, the Parties on June 10, 2024 entered into the Original Agreement for the sale and resale of QTI&#8217;s products by NXC&#59; and</font></div><div style="margin-top:12pt;padding-left:6pt;padding-right:6.25pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, the Parties now desire to amend and restate in its entirety the Original Agreement such that this Agreement will take effect and supersede the Original Agreement in its entirety, and acknowledge that this Agreement is intended for the sale and resale of QTI&#8217;s products by NXC beginning as of the Effective Date.</font></div><div style="margin-top:12pt;padding-left:42pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">NOW, THEREFORE, the Parties agree as follows&#58;</font></div><div style="margin-top:12pt;padding-left:0.07pt;padding-right:0.07pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">AGREEMENT</font></div><div style="margin-top:12pt;padding-left:6pt;padding-right:6.3pt;text-align:justify;text-indent:36pt"><f