Annual report pursuant to Section 13 and 15(d)

EXCLUSIVE SUPPLY AND PURCHASE AGREEMENTS

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EXCLUSIVE SUPPLY AND PURCHASE AGREEMENTS
 12 Months Ended
Nov. 30, 2019
Exclusive supply and purchase agreement [Abstract]  
EXCLUSIVE SUPPLY AND PURCHASE AGREEMENTS [Text Block]
13. EXCLUSIVE SUPPLY AND PURCHASE AGREEMENTS
   
 

The Company executed a manufacturing agreement with Roboro effective December 1, 2019 (binding agreement July 2019), whereby Roboro is its exclusive manufacturer in South Africa of various products including the Byrna® HD. Roboro's manufacturing activities will include plastic molding component production and assembly, dispatch and other services The contract term is through November 30, 2021 with two-year renewal terms. Roboro provided manufacturing services during the year end November 30, 2019.
   
  The Company entered into a Development, Supply and Manufacturing Agreement with the BIP manufacturer on August 1, 2017. This agreement provides the Company to order and purchase only from the BIP manufacturer certain BIP assemblies and components for use by the Company to produce less-lethal and training projectiles as described in the agreement. The agreement is for a term of four years with an automatic extension for additional one-year terms if neither party has given written notice of termination at least sixty (60) days prior to the end of the then- current term. The agreement does not contain any minimum purchase commitments.
   
  The Company entered a License and Supply Agreement with Safariland, LLC on May 1, 2017. This agreement provides the Company to license and sell only to Safariland, LLC for certain BIP standard payloads for integration with and production of certain less-lethal impact munitions in North America. This agreement is for a term of four years with an automatic extension for an additional one-year term if neither party has given written notice of termination at least 90 days prior to the end of the then-current term.