Exhibit 10.1 Joseph Stevens agreement Proposed Term Sheet (Strictly Confidential) Issuer: Emergency Filtration Products (OTC BB: EMFP) Amount of Placement: A minimum of $300,000 and a maximum of $600,000. Securities: Authorized but unregistered common...Proposed Term Sheet • October 23rd, 2003 • Emergency Filtration Products Inc/ Nv • Orthopedic, prosthetic & surgical appliances & supplies
Securities: Authorized but unregistered common stock priced at $.18 per share plus one three year, non callable warrant for every dollar invested exercisable at $0.25. The warrant will be registered with the above issued common stock.
