Entry into a Material Definitive

On November 13, 2015, Bemax Inc. (the Company) entered into an exclusive supplier agreement (the Agreement) with Bethel Imports Marketing Limited (the Customer), whereby the Customer shall purchase exclusively from Company, in accordance with the terms of the Agreement, Companys private label brands of Disposable Baby Diapers, including, without limitation, all various training, consulting, and support services necessary for Customer to sell, operate and manage the distribution of Companys Disposable Baby Diaper. Pursuant to the Agreement, when Customer is in need of supply of Disposable Baby Diapers or Services to be provided by the Company under the terms of this agreement, Customer shall issue purchase order to the Company specifying the type and amount of Disposable Baby Diaper, and Services to be purchased from the Company. During the term of this Agreement, Customer agrees that it will not purchase Disposable Baby Diapers or Services specified in this Agreement from any vendor, other than from the Company, unless Company consents in writing to such purchase. The purchase price for the Disposable Baby Diapers and Services shall be Company's directwholesale price listing in effect at the time Customer issues a purchase order.

Item 9.01

Exhibits

Exhibit NumberDescription of Exhibit

10.1Exclusive Supplier Agreement

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 16, 2015

Bemax, Inc.

By:/s/ Taiwo Aimasiko

President/CEO

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