Development and Exclusive Option Agreement Sample Contracts

DEVELOPMENT AND EXCLUSIVE OPTION AGREEMENT
Development and Exclusive Option Agreement • February 9th, 2007 • Quick Med Technologies Inc • Surgical & medical instruments & apparatus • Florida

This Development and Exclusive Option Agreement (this “Agreement”), effective as of February 1st, 2007 (the “Effective Date”) is entered into by and between HANESBRANDS INC., having an address and contact person at 1000 East Hanes Mill Road, Winston-Salem, North Carolina 27105 (Attention: Mike Abbott) (“HBI”) and QUICK-MED TECHNOLOGIES, INC., having an address and contact person at 3427 SW 42nd Way, Gainesville, Florida 32608 (Attention: David Lerner, President) (“Quick-Med”). HBI and Quick-Med are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.

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