PishPosh, Inc. - FORM S-1 - EX-10.17 - LETTER AGREEMENT - November 12, 2014

Attached files

file filename
S-1 - REGISTRATION STATEMENT - PishPosh, Inc.fs12014_pishposh.htm
EX-2.1 - CERTIFICATE OF MERGER - PishPosh, Inc.fs12014ex2i_pishposh.htm
EX-3.2 - BYLAWS - PishPosh, Inc.fs12014ex3ii_pishposh.htm
EX-3.3 - CERTIFICATE - PishPosh, Inc.fs12014ex3iii_pishposh.htm
EX-21 - SUBSIDIARIES - PishPosh, Inc.fs12014ex21_pishposh.htm
EX-23.1 - CONSENT - PishPosh, Inc.fs12014ex23i_pishposh.htm
EX-10.5 - LOCKUP AGREEMENT - PishPosh, Inc.fs12014ex10v_pishposh.htm
EX-10.1 - SECURITIES PURCHASE AGREEMENT - PishPosh, Inc.fs12014ex10i_pishposh.htm
EX-10.11 - PURCHASE, PUT AND ESCROW AGREEMENT - PishPosh, Inc.fs12014ex10xi_pishposh.htm
EX-10.6 - COMMON STOCK PURCHASE WARRANT - PishPosh, Inc.fs12014ex10vi_pishposh.htm
EX-10.15 - CONSENT AND AMENDMENT AGREEMENT - PishPosh, Inc.fs12014ex10xv_pishposh.htm
EX-10.2 - REGISTRATION RIGHTS AGREEMENT - PishPosh, Inc.fs12014ex10ii_pishposh.htm
EX-10.4 - PLACEMENT AGENT AGREEMENT - PishPosh, Inc.fs12014ex10iv_pishposh.htm
EX-10.9 - IRREVOCABLE PROXY - PishPosh, Inc.fs12014ex10ixb_pishposh.htm
EX-10.7 - EMPLOYMENT AGREEMENT - PishPosh, Inc.fs12014ex10vii_pishposh.htm
EX-10.12 - INDUSTRIAL LEASE - PishPosh, Inc.fs12014ex10xii_pishposh.htm
EX-10.15 - CONSENT AND AMENDMENT AGREEMENT - PishPosh, Inc.fs12014ex10xiv_pishposh.htm
EX-10.16 - CONSULTING SERVICES AGREEMENT - PishPosh, Inc.fs12014ex10xvi_pishposh.htm
EX-10.19 - FORM OF COMMON STOCK PURCHASE WARRANT - PishPosh, Inc.fs12014ex10xix_pishposh.htm
EX-10.3 - COMMON STOCK PURCHASE WARRANT - PishPosh, Inc.fs12014ex10iii_pishposh.htm
EX-10.13 - LETTER AGREEMENT - PishPosh, Inc.fs12014ex10xiii_pishposh.htm
EX-10.8 - EMPLOYMENT AGREEMENT - PishPosh, Inc.fs12014ex10viii_pishposh.htm
EX-10.18 - LETTER AGREEMENT - PishPosh, Inc.fs12014ex10xviii_pishposh.htm
EX-10.10 - PISHPOSH, INC. 2014 STOCK OPTION PLAN - PishPosh, Inc.fs12014ex10xstockoptionplan.htm
EX-5.1 - OPINION OF DAVID LUBIN & ASSOCIATES, PLLC - PishPosh, Inc.fs12014ex5i_pishposh.htm
EX-3.1 - ARTICLE OF INCORPORATION - PishPosh, Inc.fs12014ex3i_pishposh.htm

Exhibit 10.17

 

Pish Posh Baby
320 Cross St

Lakewood, NJ 08701

July 24, 2014

 

SGI Group

Abe Sova Manager

 

Dear Abe:

 

Here's the promised summary of what we have agreed upon regarding the inventory investment.

 

SGI Group will purchase inventory that is recommended and sourced by Pish Posh. Pish Posh will purchase inventory directly from SGI for a 3%-6% increase in price. The details of agreement are the following:

 

 ●Pishposh will cover the costs of, inbound freight, warehousing and fulfillment.
   
●All inventory that we sell within 3 months of purchase will be a 3% fee, after 3 months will be a 6% fee . At the sole option of SGI, they have the irrevocable right at their sole discretion to sell any remaining inventory from their purchases back to Pishposh at SGI cost with the respective mark up included.
   
●SGI allows Pishposh to bring in more inventories then sold to help the efficiency and allows us to place orders weekly rather than daily.
   
●Pishposh will keep a log of sales and inventory on hand and will be making weekly payments based on the log and sales report.
   
 ●At end of run we will go through log and make sure everything is aligned properly.

 

Sincerely,

 

/s/ Abe Sova  
SGI Group By Abe Sova Manager  
   
/s/ Eli Nojovitz  

Eli Nojovitz

COO