Bemax Inc (BMXC)

[612rat]

On February 28, 2017, Bemax Inc. (the "Company") entered into a Private Label Manufacturing Agreement (the "Initial Agreement") with North American Diaper Company, LLC, a U.S. Corporation (the "Manufacturer"). Pursuant to the Agreement, the Company will purchase, distribute and export disposable baby diapers produced by the manufacturer in a private labeled format in packaging not trademarked or registered by the manufacturer. This Initial Agreement relate to Mother's Touch, one of the Company's two private label brands. Both parties agreed to commence discussion relating to future collaborations and to enter into a comprehensive private label manufacturing and supplier's agreement within ninety days of signing the Initial Agreement. The term of the Agreement is for 5 years with Five (5) ONE (1) year renewal options, or until terminated with mutual written consent of both parties.