AMENDMENT
EXHIBIT 10.2
AMENDMENT
This Amendment is made this 27th day of June 2017, by and between ImmuCell Corporation, 00 Xxxxxxxxx Xxxxx, Xxxxxxxx, Xxxxx (“ImmuCell”) and Plas-Pak Industries, Inc., 00 Xxxxxxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxxxxx (“Plas-Pak”).
WHEREAS, ImmuCell and Plas-Pak entered into a buying agreement (“Agreement”) with an effective date of January 4, 2010 whereunder the terms by which Plas-Pak would sell Products to ImmuCell were defined; and
WHEREAS, the Agreement was subsequently amended effective October 31, 2015; and
WHEREAS, the parties desire to modify the Agreement.
NOW, THEREFORE, as to the terms of the Amendment, ImmuCell and Plas-Pak agree as follows:
1. | Term. The Term of the Agreement shall be expire January 1, 2024. |
All other terms of this Article shall remain in full force and effect.
2. | Appendix B. The memo for Xxxxxxx Xxxxx regarding pricing dated 2007 is hereby replaced by the attached Exhibit B. |
All other terms and conditions of this Article and the Agreement shall remain in full force and effect.
ImmuCell Corporation | Plas-Pak Industries, Inc. | |
/s/ Xxxxxxx X. Xxxxxxx | /s/ Xxxxxxxx Xxxxxxxxxxx | |
Name: Xxxxxxx X. Xxxxxxx | Name: Xxxxxxxx Xxxxxxxxxxx | |
Title: President and CEO | Title: VP & GM Nordson EFD | |
Date: June 27, 2017 | Date: July 24, 2017 |