FIRST ADDENDUM
FIRST ADDENDUM
to |
Administrative Services Agreement 2005 ("Agreement") |
dated |
29 November 2004 |
between |
A. L. Industrier ASA, Xxxxxxxxxxxxx, 0, 0000 Xxxx, Xxxxxx ("A. L. Industrier") |
and |
ALPHARMA AS, Xxxxxxxxxxxxx 0, 0000 Xxxx, Xxxxxx ("Alpharma") |
WHEREAS the terms used in the First Addendum shall have the same meaning as in the Agreement unless otherwise indicated herein;
WHERAS the Agreement expires on 31 December 2005 but the parties have decided that Alpharma will continue to provide the services according to the Agreement for an additional period of 6 months (1 January 2006 to 30 June 2006) and, thus, to extend the term of the Agreement accordingly;
NOW, THEREFORE, in consideration of the mutual covenants and agreement contained herein and intending to be legally bound, the Parties hereto agree as follows:
1) Clause 4.1 of the Agreement is amended as follows: The Agreement shall continue in force for additional 6 months, i.e. until 30 June 2006, after which it will automatically expire.
2) Clause 3.1 of the Agreement is amended as follows: A.L. Industrier shall pay to Alpharma an additional fixed fee of NOK 200,000, exclusive of VAT, for the Services rendered in the extended period 1 January 2006 - 30 June 2006 according to the Agreement. The fee will be paid in 6 equal monthly installments.
IN WITNESS WHEREOF, the duly authorized representatives of each Party have executed this Agreement as of the date above written.
Signed for and on behalf of |
Signed for and on behalf of |
A. L. INDUSTRIER ASA: |
Alpharma AS: |
/s/ Xxxxx Aukner |
/s/ Xxxx Aake Carlsson |
By: Xxxxx Aukner |
By: Xxxx-Aake Carlsson |
Title: Managing Director |
Title: Managing Director |
Date: April 21, 2006 |
Date: April 21, 2006 |