Exhibit 10.5
DAC
TECHNOLOGIES
AGREEMENT
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This Agreement is entered into this date by and between DAC Technologies Group
International, Inc.(DAC) and Nimax Los Angeles Corporation (Nimax).
It is understood and agreed that DAC wishes Nimax to manufacture gun locks for
DAC, and that Nimax wishes to manufacture said gun locks for DAC.
DAC shall pay for all tooling and molds, and such molds shall be the property of
DAC. Said molds shall be used only to manufacture products for DAC and not for
any other third party. It is also understood that Nimax will not manufacture
locks for any third party that violate any of DAC's patents or patents pending.
Nimax also agrees not to manufacture locks for any third party that are
identical, derived from, or copies of DAC's gun locks. Nimax shall have the
right to continue to manufacture the plastic trigger lock for Shot Lock, and DAC
agrees not to pursue its patent rights on this product against Shot Lock.
Agreed to this 17th day of March 2000
Nimax Los Angeles Corporation DAC Technologies Group International, Inc.
By: /s/ By: /s/
------------------------- ------------------------
Xxxxx Ni Xxxxx X. Xxxxxxx
*Signature only valid with the following additional conditions:
- Review of above agreement every two years.
- If after six months of business inactivity between DAC and Nimax, the
above agreement will be terminated. Nimax will continue to uphold DAC's
rights to its patents and patents pending.
- All toolings an molds paid for by DAC will be returned to DAC if
business between DAC and Nimax becomes terminated.
Please initial and return a copy.
D.C.
0000 Xxxxxxx Xxxxxx XXXXX
Xxxxxx Xxxx, Xxxxxxxxxx 00000 LOS ANGELES
TEL: (000) 000-0000, 000-0000 CORPORATION
FAX: (000) 000-0000 SINCE 1982
xxxx://xxx.xxxxxxxxx.xxx
Dac quote revision April 11, 2000
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Model Description Quotation
(U.S.$)
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MTL-099 o Steel trigger lock 0.436
o One key Same
o Poly-bag and instructions Same
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MTL-099 Tooling 2,980.00
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MTL-099 Blister packaging with card 0.550
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MTL-100 Three MTL-099's in blister pack with card 1.42 each
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PTL-101 o Plastic version of MTL-099 0.250
o One key same
o Poly-bag and instructions same
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PTL Tooling 1,000.00
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PTL-099 Blister packaging with card 0.330
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PTL-100 Three PTL-101's in blaster packaging with card 0.900
3-pack
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PLT-101C TVP-101 chrome-plated 0.295
PLT-101C Blister packaging with card 0.393
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GL-100 Keyed gun look 0.880
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GL-100 Blister packaging with card 0.960
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GL-100 Tooling 8,800.00
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GL-100 o Cable look with new curved latch 0.580
o Regular plastic bag
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CL-003 Tooling 1,950.00
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LHL-096 o Level Hammer Look 0.320
o Poly-bag with instructions
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LHL-096 Blister packaging with card 0.470
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LHL-096 Tooling 1,250.00
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LHL-096 o Old plastic trigger lock 0.180
o One key
o Poly-bag with instructions
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TVP-095 o Three TVP-096's in blister packaging with card (0.720)
o One key per lock (67)
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TVP-096 Tooling 1,000.00
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TVP-096E TVP-096 with the new English threaded bolt 0.25
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TVP-096E Three TVP-096's in blister pack with card 0.90
(3-pack)
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