CONTRACT TO SUPPLY ACTIVE INGREDIENTS
CONTRACT
TO SUPPLY ACTIVE INGREDIENTS
Between:
§
|
SIRTON
PHARMACEUTICALS S.p.A
,
whose registered office is in Villa Guardia (CO), Xxxxxx XX Xxxxxxxxx
xx.
0, Tax Code 01192270138, represented by xx. Xxxxx Xxxx Xxxxx, Deputy
Chairwoman (hereinafter referred to as SIRTON)
|
AND
§
|
GENTIUM
S.p.A. ,
whose registered office is in Villa Guardia (CO), Xxxxxx XX Xxxxxxxxx
xx.
0. Tax Code 02098100130, represented by dr. Xxxxxxxxx Xxxxxxxxx,
Director
of Administration (hereinafter referred to as GENTIUM);
|
WHEREAS:
§
|
GENTIUM
produces
and sells active ingredients for pharmaceutical use and raw materials
for
pharmaceutical use;
|
§
|
SIRTON
uses said active ingredients to produce specialty pharmaceutical
products
|
NOW,
THEREFORE, THE PARTIES AGREE AS FOLLOWS:
1.
|
GENTIUM
undertakes
to supply SIRTON with its active ingredients on the basis of standard
purchase orders issued by SIRTON;
|
2.
|
SIRTON
undertakes
to provide GENTIUM with purchase orders three months before the date
envisaged for the supply of such as well as purchase forecasts for
rolling
12 month periods on the basis of which GENTIUM may plan its production
activities;
|
3.
|
The
sale price of each active ingredient will be established as indicated
in
attachment “A” to this contract.
|
4.
|
SIRTON
undertakes to pay the agreed amounts on submission of standard invoices
and will pay via direct bank transfer 60 days from the end of the
month in
which the invoice is dated.
|
5
|
The
contract will be effective as of 02/01/2006 and will expire on 31/12/2006
and will be considered tacitly renewed from year to year unless one
of the
parties gives notice to the other, sent at least one month prior
to
expiry.
|
4.
|
The
Parties reserve the right to revise the contractual conditions on
expiry
or during the life of the contract if there are any significant changes
to
the services rendered or the cost of such.
|
The
Parties shall have the right to withdraw from the contract if the revised
conditions are not accepted.
5.
|
The
Parties acknowledge, with immediate effect, the right to negotiate
variations of the fees established above on the basis of the actual
amount
of services rendered.
|
6.
|
All
correspondence regarding this Contract must be made in writing and
sent by
hand, by fax, telegram or registered mail with return receipt to
the
registered office of each Party.
|
7.
|
Any
dispute regarding this Contract will be settled by a Board of Arbitration;
each of the Parties will nominate its own arbitrator, who in turn
will
choose the third member of the Board of Arbitration, who will act
as
Chairman of said Board.
|
8.
|
This
Contract cancels and replaces all previous service provision agreements
between the Parties and may not be amended or changed in any way
with the
exception of that expressly provided for herein or with the written
agreement of the Parties signed by their authorised
representatives.
|
Read,
confirmed and signed.
Villa
Guardia, 2 January 2006
/s/ Xxxxx Xxxx Xxxxx | /s/ Xxxxxxxxx Xxxxxxxxx | ||
Sirton Pharmaceuticals S.p.A |
Gentium S.p.A. |
||
Deputy
Chairwoman
(xx.
Xxxxx Xxxx Xxxxx)
|
Director
of
Administration
(dr. Xxxxxxxxx
Xxxxxxxxx)
|