ADDENDUM TO AGREEMENT BETWEEN DOCTORDIRECTORY.COM, INC. AND MIDDLEBROOK PHARMACEUTICALS, INC. DATED FEBRUARY 3, 2010
EXHIBIT 10.2
ADDENDUM
TO AGREEMENT BETWEEN
XXXXXXXXXXXXXXX.XXX, INC. AND XXXXXXXXXXX PHARMACEUTICALS, INC.
DATED FEBRUARY 3, 2010
TO AGREEMENT BETWEEN
XXXXXXXXXXXXXXX.XXX, INC. AND XXXXXXXXXXX PHARMACEUTICALS, INC.
DATED FEBRUARY 3, 2010
THIS ADDENDUM is made and entered into as of March 12, 2010 (this “Addendum”), by and between
XxxxxxXxxxx Pharmaceuticals, Inc. (“MBRK”), a Delaware corporation with offices at 0 Xxxxxxx
Xxxxxx, Xxxxx 000, Xxxxxxxx, XX 00000, and XxxxxxXxxxxxxxx.xxx, Inc. (“DD”), a South Carolina
Corporation, with offices at Xxx Xxxx Xxxxxx, Xxxxx 000, Xxxxxxxxx, XX 00000. MBRK and DD may be
referred to collectively as the “Parties” and individually as the “Party”.
WHEREAS, on February 3, 2010, MBRK and DD entered into a Promotion Agreement (the “Agreement”)
pursuant to which DD agreed to provide and MBRK agreed to pay for certain services relating to the
promotion of MOXATAG,
WHEREAS, as contemplated in Section 5.4 of the Agreement, MBRK has requested and DD has agreed to
provide promotional services to those prescribers in territories that are not included in the
current DD Target Segment Prescribers List (as defined in EXHIBIT 1 to the Agreement),
NOW, THEREFORE, the Parties agree to the following:
1. | Capitalized terms in this Addendum shall have the terms ascribed in the
Agreement unless otherwise defined herein. |
||
2. | DD will promote MOXATAG to New DD Target Segment Prescribers set forth
in EXHIBIT 1 to this Addendum (“Incremental Promotional Services”). |
||
3. | DD shall provide Incremental Promotional Services commencing March 22,
2010, (“Incremental Services Commencement Date”) for a period of 24 weeks (the
“Initial Incremental Promotional Services Term”) or for such additional weekly
periods as the Parties shall agree in writing. |
||
4. | MBRK shall pay a deposit to DD equal to $60,000 (“Incremental Services
Deposit”) upon the Incremental Services Commencement Date. Thereafter, the Parties
will review the amount of the Incremental Services Deposit every fourteen (14) days
and where necessary, MBRK will make additional deposit payments to DD at an amount
equal to the promotion fees earned by DD for providing Incremental Promotional
Services pursuant to this Addendum (“Incremental Promotion Fees”) in the most
recent, preceding two-week period (“Incremental Promotional Measurement Period”). |
||
5. | Every two weeks, DD shall invoice MBRK for the Incremental Promotion
Fees due for the preceding two-week period. Such Incremental Promotion Fees shall
be calculated as follows: |
(a) | Weeks 1-4, $5.00 per total actual number of MOXATAG
prescriptions filled during the applicable Incremental Promotional
Measurement Period and written by New DD Target Prescribers as stipulated
by the Prescriber Data (“Actual New DD Target Segment MOXATAG TRx”) |
||
(b) | Weeks 5-8, $7.50 per Actual New DD Target Segment
MOXATAG TRx |
||
(c) | Weeks 9-12, $10.00 per Actual New DD Target Segment
MOXATAG TRx |
||
(d) | Weeks 13-24, $12.50 per Actual New DD Target Segment
MOXATAG TRx |
6. | In the event the Addendum is terminated by MBRK prior to the expiration
of the Initial Incremental Promotional Services Term, MBRK agrees to pay DD those
Incremental Promotion Fees that would have been earned through the end of the
Initial Incremental Promotional Services Term. |
||
7. | Except as supplemented by this Addendum, all terms and provisions of
the Agreement remain in full force and effect. This Addendum shall be deemed to be
part of the Agreement and, as supplemented in accordance herewith, the Agreement is
hereby ratified and declared in full force and effect. |
IN WITNESS WHEREOF, the Parties hereto, each by a duly authorized representative, have executed
this Addendum as of the date first written above.
XxxxxxXxxxxxxxx.xxx, Inc. | XxxxxxXxxxx Pharmaceuticals, Inc. | |||||||
By: |
/s/ Xxx Xxxxxxxxx | By: | /s/ Xxxxx Xxxxxx | |||||
Name: | Xxx Xxxxxxxxx | Name: | Xxxxx Xxxxxx | |||||
Title: | CEO | Title: | Executive Vice President, Chief Financial Officer |
|||||
Date: | March 12, 2010 | Date: | March 12, 2010 |
EXHIBIT 1
TO ADDENDUM
TO AGREEMENT BETWEEN
XXXXXXXXXXXXXXX.XXX, INC. AND XXXXXXXXXXX PHARMACEUTICALS, INC.
DATED FEBRUARY 3, 2010
TO ADDENDUM
TO AGREEMENT BETWEEN
XXXXXXXXXXXXXXX.XXX, INC. AND XXXXXXXXXXX PHARMACEUTICALS, INC.
DATED FEBRUARY 3, 2010
New DD Target Segment Prescribers
The Parties agree that the list of New DD Target Segment Prescribers (hereinafter, the “New DD
Target List”) will be provided to MBRK by DD. MBRK shall have final approval of the New DD Target
List, which shall be documented in writing by the Parties. The New DD Target Segment Prescribers
shall consist of only those licensed prescribers whose clinical practice is consistent with
MOXATAG’s approved labeling, uses, and indication.
The New DD Target List includes, among others, those prescribers that MBRK previously included in
its healthcare practitioner call list and telemarketing program. Any subsequent modifications to
the New DD Target List will be as approved in writing by the Parties.