Mikart, Inc. Letterhead] October 27, 2006
Exhibit 10.123
[Mikart, Inc. Letterhead]
October 27, 2006
TEAMM Pharmaceuticals, Inc.
3000 Aerial Center Parkway
Suite 110
Morrisville, North Carolina 27560
Attn: | Xxxxxx X. Xxxx, |
President and Chief Executive Officer
Re: | Manufacturing and Supply Agreement, dated as of |
June 6, 2003 (the “Agreement”), between Mikart, Inc. |
(“Mikart”) and TEAMM Pharmaceuticals, Inc. (“TEAMM”) |
Dear Xxxxxx:
By executing this letter below, Mikart and TEAMM hereby terminate the Agreement effective as of the date hereof. Notwithstanding anything in the Agreement to the contrary, neither party shall have any further obligation thereunder to the other, except with respect to Sections 2.3, 3.2, 3.3(f), 8.1, 10.1 and 13.10 thereof (all of which shall survive the termination of the Agreement).
Please indicate your agreement with the foregoing terms by executing this letter in the space provided below.
Very truly yours, | ||
MIKART, INC. | ||
By: | /s/ Xxxxxx X. Xxxxxxx | |
Xxxxxx X. Xxxxxxx, Chairman and | ||
Chief Executive Officer |
Agreed:
TEAMM PHARMACEUTICALS, INC. | ||
By: | /s/ Xxxxxxxx X. Xxx | |
Xxxxxxxx X. Xxx | ||
Vice President, Finance |