[EXHIBIT 99.5.1]
AMENDMENT
AMENDMENT, dated as of May 27, 1997 (this "Amendment"), to the
International Collaboration Agreement, effective as of June 28, 1996 (the
"Agreement") by and between Xxxxxx-Xxxxxxx Company, a Delaware corporation
("Xxxxxx-Xxxxxxx"), and Pfizer Inc., a Delaware corporation ("Pfizer").
Capitalized terms not otherwise defined herein have the meanings set forth
in the Agreement.
WHEREAS, Xxxxxx-Xxxxxxx has assigned certain of its rights and
obligations under the Agreement to Xxxxxx-Xxxxxxx Export Limited, a company
organized and existing under the laws of Ireland ("Export"), in accordance
with the Assignment and Assumption Agreement dated as of November 1, 1996;
and
WHEREAS, Pfizer has assigned certain of its rights and obligations
under the Agreement to Pfizer Overseas Inc., a corporation organized and
existing under the laws of Delaware ("Pfizer Overseas"); and
WHEREAS, upon this Amendment becoming effective, the parties have
agreed that certain provisions of the Agreement be amended in the manner
provided for in this Amendment;
NOW, THEREFORE, the parties hereto hereby agree as follows:
ARTICLE I - AMENDMENTS
SECTION 1.01. Amendments of Section 1.01.
(a) The definition of "Co-Promotion Territory" in Section 1.01 of the
Agreement is hereby amended by deleting from the second line thereof the
country "Greece,".
(b) The definition of "License Territory" in Section 1.01 of the
Agreement is hereby amended by inserting the countries "Egypt, Greece," in
the second line thereof before the country "Iceland."
SECTION 1.02. Amendment of Section 3.05(a). Section 3.05(a) is
hereby amended by inserting the following phrase after the words "Net
Sales" in the tenth line thereof: "or, to the extent that XXXXXX-XXXXXXX
packages the Products for PFIZER 30% of Net Sales,".
ARTICLE II - MISCELLANEOUS
SECTION 2.01. No Other Amendments; Confirmation. Except as expressly
amended, waived, modified and supplemented hereby, the provisions of the
Agreement are and shall remain in full force and effect.
SECTION 2.02. Governing Law. This Amendment shall be governed by and
construed in accordance with the law of the State of New York other than
those provisions governing conflicts of law.
SECTION 2.03. Headings. The headings used in this Amendment have
been inserted for convenience of reference only and do not define or limit
the provisions hereof.
SECTION 2.04. Third Party Beneficiaries. None of the provisions of
this Amendment shall be for the benefit of or enforceable by any third
party, including, without limitation, any creditor of either party hereto.
No such third party shall obtain any right under any provision of this
Amendment or shall by reason of any such provision make any claim in
respect of any debt, liability or obligation (or otherwise) against either
party hereto.
IN WITNESS WHEREOF, the parties hereto, by their duly authorized
officers, have executed this Amendment as of the date first written above.
XXXXXX-XXXXXXX PFIZER OVERSEAS INC.
EXPORT LIMITED
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxx X. Xxxxx Name: Xxxxxx X. Xxxxxx
Title: Managing Director Title: Vice President