SEC Contract Filing

Filing Date: 2021-05-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>f10k2020ex10-4_scworx.htm
<DESCRIPTION>USA PROCUREMENT PURCHASE AGREEMENT DATED MAY 26, 2020
<TEXT>
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<P STYLE="text-align: right; font: 9.5pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 10.4</B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-bottom: 0pt; font: 10.5pt Times New Roman, Times, Serif">
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 <TD STYLE="padding-left: 0pt; text-indent: 0pt; width: 0pt">TERMS AND CONDITIONS OF PURCHASE</TD>
 <TD STYLE="width: 0pt">&nbsp;</TD>
 <TD STYLE="padding-left: 0pt; text-indent: 0pt; width: 0pt">Number:</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; margin-left: 0"></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin-bottom: 0pt; margin-left: 0">&nbsp;</P>

<P STYLE="margin: 0pt; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10.5pt">THESE
TERMS AND CONDITIONS OF PURCHASE <U>(&ldquo;Terms &amp; Conditions&rdquo;)</U> are made and effective this 26th day of May, 2020, by and
between SCWorx Corp., a Delaware Corporation</FONT> <B>(&ldquo;Purchaser&rdquo;), </B><FONT STYLE="font-size: 10.5pt">and USA Procurements,
LLC, 1100 Poydras St, New Orleans, LA 70163 (hereinafter) </FONT><B>(&ldquo;Seller&rdquo;).</B> <FONT STYLE="font-size: 10.5pt">Purchaser
and Seller are sometimes hereinafter referred to individually as &ldquo;Party&rdquo; and collectively as the &ldquo;Parties&rdquo;.</FONT></P>

<P STYLE="margin: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;</P>

<P STYLE="margin: 0pt; font: 10.5pt Times New Roman, Times, Serif; text-align: justify">This Agreement for
the purchase oflevel 4 blue medical gowns (double laminate, 35g weight), <U>(&ldquo;Products&rdquo;),</U> together with the Escrow Agreement,
if required, by and between Seller, Purchaser and the Escrow Agent, constitute the entire and sole basis upon which Purchaser agrees
to purchase Products from Seller, and are the exclusive understanding between Purchaser and Seller covering the Products (hereinafter
collectively &ldquo;the Contract&rdquo;). Any additional or different terms and/or conditions proposed by Purchaser or Seller, whether
by: (i) quotation; (ii) acknowledgment; (iii) invoice; (iv) separate written document; and/or (v) any other means, do not constitute
part of the Contract. Any such additional or different terms shall be considered proposals to amend, which are not accepted, unless mutually
agreed to in a writing signed by the Parties and/or Manufacturer as applicable. All prior general terms and conditions, contracts, representations,
statements, negotiations, and undertakings, whether oral or written, are superseded hereby.</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin-bottom: 0pt; margin-left: 6.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 77.85pt"></TD><TD STYLE="width: 36.15pt"><FONT STYLE="font-weight: normal">&#9679;</FONT></TD><TD>Price, Payment, and Requirement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0pt 8.35pt 0pt 77.95pt; text-align: justify; text-indent: 71.85pt"><U>Price</U>.
Seller will furnish the Products called for hereby in accordance with the specifications, quantities, prices and delivery stated herein.
All prices are stated in U.S. Dollars. The line item prices listed herein include all applicable taxes that Seller is legally obligated
to collect, except sales tax, which is separately shown where applicable. If Purchaser furnishes a valid tax exemption certificate to
Seller, Seller shall neither remit sales or use tax nor charge Purchaser for sales or use tax to the extent permitted by the exemption
certificate.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 114.15pt"></TD><TD STYLE="width: 35.85pt"><FONT STYLE="font-weight: normal">&#9679;</FONT></TD><TD>Purchase Price.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 9.5pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt">The purchase price is $3.00 per unit.
Price may be subject to change for any future orders under this Agreement. Any future orders shall be pursuant to a Purchase Order which
incorporates the terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 150.6pt"><U>Payment.</U> Any payments hereunder shall be made to
USA Procurement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 9.5pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt">Payments:
Purchaser agrees to an initial deposit of 30% of the purchase price $135,000 within one business day of signing this agreement, subject
to the terms specif