exhibit 10. 4 master agreement this master agreement, effective as of december 15, 2010 ( the “ effective date ” ), is entered by and between oxygen biotherapeutics, inc., with its principal place of business at 2530 meridian parkway, suite 3078, durham, nc 27713 ( “ obi ” ) and dermacyte switzerland ltd. with a place of business located at etzelbiickstrasse i, 8834 schindellegi, switzerland ( “ company ” ). whereas, obi is the owner of certain cosmetic products that it wishes to sell in europe ; and whereas, company desires to become the exclusive distributor of the obi cosmetic products in europe ; now, therefore, in consideration of the foregoing and the mutual covenants herein contained, the parties hereto agree as follows : 1. definitions. 1. definitions. ( a ) “ cif ” stands for cost insurance freight and means cargo insurance and delivery of goods to the named port of destination is responsibility of obi, whether by ocean or air freight. ( a ) “ cif ” stands for cost insurance freight and means cargo insurance and delivery of goods to the named port of destination is responsibility of obi, whether by ocean or air freight. ( b ) “ ddu ” stands for delivery duty unpaid and means company is responsible for the import customs clearance and payment of customs duties and taxes. obi delivers the products to a specified location un - cleared for import, be it a port or terminal. company is then responsible for freight and all costs from that location to theirs. ( b ) “ ddu ” stands for delivery duty unpaid and means company is responsible for the import customs clearance and payment of customs duties and taxes. obi delivers the products to a specified location un - cleared for import, be it a port or terminal. company is then responsible for freight and all costs from that location to theirs. ( c ) " deliverables " means the number of units of product and other terms described in a purchase request ( c ) " deliverables " means the number of units of product and other terms described in a purchase request ( d ) “ government authority " means any governmental authority or court, tribunal, agency, department, commission, arbitrator, board, bureau, or instrumentality of the united states of america or any other country or territory, or domestic or foreign state, prefecture, province, commonwealth, city, county, municipality