QT Imaging amends distribution deal with Canon subsidiary; extends term to 2026, sets minimum orders

QT IMAGING HOLDINGS, INC.

Term extended from Dec 2025 to Dec 2026; exclusivity conditioned on Canon Medical Systems Corp manufacturing pact by Dec 30, 2024.
Minimum order quantities (MOQs) set for 2025 and 2026; failure to order triggers invoice for shortfall.
Removed cap on NXC's resale markup; NXC may set resale price at its sole discretion.
Non-solicitation clause added: QTI cannot solicit NXC's customers/employees for 3 years post-term.
Warranty revised: 15 months from shipment or 12 months from customer acceptance, whichever shorter.

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