Earth Science Tech Inc. (OTCMKTS:ETST) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
Effective December 16, 2018, the Registrant entered into an
agreement with Dermagate, Inc. to manufacture, assemble, and
supply 5,000 units of its MSN-2 medical device, Hygee , for
purchase by Registrant, on an exclusive basis (Hygee). The
parties have agreed to start manufacturing the 5,000 Hygee units
in the weeks following execution of the agreement. The pricing
will be based upon the labor costs and a portion of Dermagates
administrative costs in producing the units. In addition
Dermagate will receive a fraction of the profit made on each sale
of Hygee based on the country where Hygee will be marketed.
The agreement is preliminary in certain respects and fixed as to
others, the parties have determined the initial number of units
that will be produced and the method of determining cost;
however, the final numbers and percentage of profits as to
specific countries is still being determined as of the execution
of the agreement.
The Hygee/MSN-2 Device
The Hygee device itself, is a modified panty liner worn by women
to allow for the self-collection of a gynecological specimen.
Currently the device allows human cells to be collected and
tested for two types of infections, Chlamydia and Gonorrhea. It
provides women with the ability to be self-collect specimens in a
non-clinical setting, send them to a laboratory that will process
the specimens and notify them if they test positive for either
sexually transmitted disease so that they can seek treatment.
This technology allows the Company to provide diagnostic services
to high-risk women and girls who are not inclined to visit
traditional medical settings. The kit can be ordered on-line for
home screening.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description |
| 10.1 |
Agreement between Registrant and Dermagate, Inc. dated December 16, 2018 |
Earth Science Tech, Inc. Exhibit
EX-10.1 2 ex10-1.htm Exhibit 10.1 DISTRIBUTOR: EARTH SCIENCE TECH INC. CONTACT: Nickolas S. Tabraue MANUFACTURER: DERMAGATE INC. CONTACT: Gaétan Houle EFFECTIVE DATE: December 16th,…
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About Earth Science Tech Inc. (OTCMKTS:ETST)
Earth Science Tech, Inc. is a biotechnology company. The Company is focused on nutraceuticals and bioceuticals for use in various industries, such as health, wellness, nutritional supplements, cosmetic and alternative medicine to manage illnesses and the quality of life for consumers around the world. The Company sells its products through its retail store located in Coral Gables, Florida, and through the Internet. The Company is focused on delivering nutritional and dietary supplements that help with treating symptoms, such as chronic pain, joint pain, inflammation, seizures, high blood pressure, memory loss, depression, weight management, nausea and aging. This may include products, such as vitamins, minerals, herbs, botanicals, personal care products, homeopathies, functional foods and other products. These products will be in various formulations and delivery forms, including capsules, tablets, soft gels, chewables, liquids, creams, sprays, powders and whole herbs.