EX-10.35 2 dex1035.htm SUPPLY AND DISTRIBUTION AGREEMENT [****] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION...
Exhibit 10.35
[****] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE EXCHANGE ACT OF 1934, AS AMENDED.
SUPPLY AND DISTRIBUTION AGREEMENT
This agreement is made as of January 1, 2005 (the “Effective Date”) by and between Biomateriali Srl, an Italian limited liability company having its registered offices at Xxxxxxxxxx xxxxx Xxxxxxx x.x.0 xxx Xxxxxxx, 00000 Xxxxxxxx, Xxxxx (“BIOMATERIALI”) and Xxxxxxx Lifesciences AG, a corporation organised under the laws of Switzerland and having its business office at Xxxxxx xx Xxxxxx 0, 0000 Xxxxx-Xxxx, Xxxxxxxxxxx (“XXXXXXX”).
1. | APPOINTMENT |
1.3 | Sub-distributors. XXXXXXX may appoint sub-distributors or agents to promote and/or distribute the Products within the Territory. |
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2. | OBLIGATIONS/LIMITATIONS OF XXXXXXX |
2.1 | Marketing Efforts. XXXXXXX shall have the following obligations with respect to the marketing and distribution of the Products: |
(a) | To use reasonable commercial efforts to further the promotion, marketing, and distribution of the Products in the Territory; |
(b) | To provide adequate and appropriate training to its staff concerning the Products; |
(c) | To use sales and technical literature as well as promotional artwork and training materials provided by BIOMATERIALI. XXXXXXX may alter such materials or develop any other materials in connection with the marketing and distribution of Products (product brochures and sales aids), which shall be subject to BIOMATERIALI’s prior written approval. BIOMATERIALI retains all right, title and interest in and to such materials thereof; |
(d) | To provide twice any calendar year BIOMATERIALI with a report showing the purchased Products allocated to Group A and Group B Territory. |
(e) | Where appropriate according to XXXXXXX’ own judgement, to translate Product-related materials into the language or languages of any parts of the Territory and provide BIOMATERIALI with copies of such translations. Should this Agreement be terminated prior to its term for reasons other than XXXXXXX’ malfeasance, BIOMATERIALI will reimburse XXXXXXX for such translations. BIOMATERIALI retains all right, title and interest in and to such translated versions thereof. |
2.2 | Inventory. XXXXXXX shall at all times make his best efforts to maintain an inventory of the Products sufficient to meet anticipated demand but calculated to result in the minimum possible return of Products under Section 2.5. |
2.3 | Customer Service. XXXXXXX shall provide customer service, including, but not limited to, taking orders, responding to customer inquiries, fulfilling requests for quotes on Product pricing, forwarding Product complaints to BIOMATERIALI on a timely basis and providing such assistance and information as is reasonably requested. |
2.4 | Defective Products. XXXXXXX shall process and return any defective Products to BIOMATERIALI for credit or replacement, as XXXXXXX shall determine. Should the Product in question be defective, all expenses related to its return and replacement shall be borne by BIOMATERIALI. |
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2.5 | Expired Products. XXXXXXX shall not sell any Products beyond their stated expiration date. Expired products will be handled according to the verified XXXXXXX quality control systems guidelines and will be discarded. Alternatively, at XXXXXXX’ election, the products will be shipped back to BIOMATERIALI for disposal. |
2.6 | Alteration of Products. XXXXXXX shall not alter the Products or any Product packaging or labelling except with the prior written consent of BIOMATERIALI. |
2.7 | Target Purchase Quantities. During the term of this Agreement, Xxxxxxx shall use its commercially reasonable effort to purchase the target quantities of [*****] ([***]) units of Product (“Target Purchase Quantity”) at the prices shown in Exhibit A, for any twelve month period starting with the Effective Date of the Agreement (“Supply Year”). |
2.8 | Forecasts. XXXXXXX agrees to provide BIOMATERIALI with a non-binding twelve (12) month forecast indicating XXXXXXX’ projected purchase of Products for the Territory. Such forecast shall be updated by XXXXXXX on a rolling quarterly basis for each succeeding twelve (12) month period, and each updated forecast must be received by BIOMATERIALI no later than thirty (30) days prior to the first day of the period to which it relates. Such forecasts by XXXXXXX shall be used for purposes of facilitating BIOMATERIALI and its suppliers’ planning to meet lead times delivery for the Products, and shall not constitute binding commitments to purchase upon XXXXXXX. XXXXXXX will use its best efforts to notify BIOMATERIALI promptly of any changes in its forecast. |
2.9 | Import and Others Sales Governmental Requirements. Except as otherwise agreed by BIOMATERIALI in writing, XXXXXXX shall be responsible for compliance with applicable requirements for importing the Products into, marketing and distributing the Products within the Territory, including but not limited to all custom requirements. BIOMATERIALI shall provide XXXXXXX with assistance in this matter as XXXXXXX may reasonably request. XXXXXXX shall obtain any necessary import licenses, at its own expense. |
2.10 | Notice of Intellectual Property Infringement. XXXXXXX shall promptly notify BIOMATERIALI in writing of any patent, copyright infringement or unauthorized use of BIOMATERIALI’s trade secrets or trademarks in the Territory of which XXXXXXX has become aware. BIOMATERIALI reserves the right in its sole discretion to institute any proceedings against such third party infringers in its name and on its behalf. XXXXXXX shall cooperate fully with BIOMATERIALI in any legal action taken by BIOMATERIALI against such third parties, provided that BIOMATERIALI shall pay all expenses of such action and all damages relating to damage suffered personally by BIOMATERIALI which may be awarded or agreed upon in settlement of such action shall accrue to BIOMATERIALI, without prejudice to the right of XXXXXXX to initiate any proceedings against third party infringers in order to obtain compensation for damages suffered. |
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2.11 | Compliance with Laws of the Territory. Upon knowledge, XXXXXXX will do its commercial reasonable efforts to inform BIOMATERIALI of any legal requirements in the Territory that may affect the use or distribution of the Products, marketing materials or Product packaging and labelling. Notwithstanding the above BIOMATERIALI will remain fully responsible to comply with any legal and regulatory requirements related to the Products in the countries belonging to the European Union. |
2.12 | Insurance. XXXXXXX shall maintain in force, during the term of this Agreement, one or more policies of liability insurance in amounts adequate to cover all obligations of XXXXXXX hereunder. |
2.13 | Adverse Reactions. In the event that either party receives any complaint regarding the Product, it shall notify the other party immediately after becoming aware of it. XXXXXXX will make an assessment of each complaint it receives, provide BIOMATERIALI with these complaint assessments and will coordinate all follow-up and customer communication that it deems appropriate. XXXXXXX will assist BIOMATERIALI in its decision process about whether a complaint shall have to be notified to a local competent authority and the Notified Body or not and for implementing of appropriate Field Corrective Actions. |
In the event that any customer of XXXXXXX rejects or returns a Product to XXXXXXX as a result of a Product performance problem, XXXXXXX shall immediately so notify BIOMATERIALI and confirm in writing. If the reason for such performance problem is reasonably determined to be failure of the Product to meet its specifications, then BIOMATERIALI will replace, at its sole expense, the non-conforming Product which XXXXXXX elects to so replace. In such case, BIOMATERIALI will pay all shipping and handling costs of XXXXXXX relating to the handling, replacement and return of the rejected Product.
3. | OBLIGATIONS OF BIOMATERIALI |
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3.4 | Non-sterile Demonstration Samples. BIOMATERIALI shall provide, free of charge and upon XXXXXXX’ request, up to a maximum of 50 non-sterile demonstration sample sets each year (1 sample set consist of: 1 AMC 1809, 1 ATC 1528, 1 AMC1508 graft) for the duration of this Agreement. |
3.5 | Product Specifications, Packaging and Labelling. |
(a) | Product Release. BIOMATERIALI is responsible for producing and releasing the Product in compliance with the specifications as communicated to and agreed with XXXXXXX. BIOMATERIALI warrants that the Product will (i) conform to specifications and may be used for, and in the manner identified in, the Product Label and directions for use (if any), (ii) be free from defects in design, formulation, workmanship and material, and (iii) are manufactured and tested, and at the time of delivery to XXXXXXX will be, in accordance/conformity with the state of the scientific and technological art as well as the EC-guidelines for good manufacturing and practice for drugs, and applicable provisions for quality and documentation for approved registration/regulatory files. |
(b) | Packaging and Labelling. BIOMATERIALI, at its expense, shall provide XXXXXXX with any product instruction for use and labelling required for the distribution in the Territory. BIOMATERIALI shall take care of all the appropriate changes on all product instructions for use and labelling of the Products, if any, in order to comply with European and national regulations. The Product labelling shall include the statement “Manufactured exclusively for XXXXXXX Lifesciences by BIOMATERIALI” and be provided in a multi-language format that will enable it to be sold throughout the Territory. |
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During the term of this Agreement and for so long as necessary to cover any claims that may he made thereafter regarding the Products, XXXXXXX, its Affiliates and subsidiaries shall be additionally insured (so-called vendor endorsement). XXXXXXX shall be provided with 30 days prior written notice of any cancellation, non-renewal or material change in the terms of such policy.
For the purpose of this Agreement, the term “Affiliates or Affiliate Entity” shall mean (i) any other entity/person of which the securities or other ownership interests representing fifty percent (50%) or more of the equity or fifty percent (50%) or more of the ordinary voting power or fifty percent (50%) or more of the general partnership interests are, at the time of such determination, owned, controlled or held, directly or indirectly, by such entity/person, or (ii) any other entity/person, which at the time of such determination, is controlling, controlled by or under common control with such entity/person. As used herein, the term “Control”, whether used as a noun or verb, refers to the possession, directly or indirectly, of the power to direct, or cause the direction of, the management or policies of a entity/person, whether through the ownership of voting securities, by contract or otherwise.
4. | PURCHASES AND PAYMENT TERMS |
4.3 |
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they exceed XXXXXXX’ by ten percent (10%) the forecast. Unless otherwise agreed in writing by BIOMATERIALI and XXXXXXX, all deliveries of the Products shall be FCA, INCOTERMS 2000, at Biomateriali’s facilities in Brindisi, Italy and, upon request, BIOMATERIALI shall organize and coordinate the shipment to XXXXXXX’ premises according to XXXXXXX’ reasonable instructions provided that shipping charges shall be paid by XXXXXXX. |
4.5 | Prices and Annual True-Up. Pricing will be in Euro. XXXXXXX shall pay BIOMATERIALI the prices as stated in Exhibit A for Products (including Sterile Samples) sold in Group A and Group B countries. BIOMATERIALI will invoice for, and XXXXXXX shall initially pay, all delivered and accepted Products (including Sterile Sample) at prices set forth for Group A country in the Territory during each Supply Year irrespective where in the Territory the Products are finally sold. Not later than February 28th of each next Supply Year, XXXXXXX shall provide BIOMATERIALI with the report of the total sales of the Products in Group A and Group B countries in the Territory for the previous Supply Year, in order to calculate the annual payment adjustments and credit XXXXXXX with the amount based on the difference between the amount actually invoiced and the amount that should have in fact been invoiced and paid by XXXXXXX in accordance with the then-current related prices listed in the Exhibit A, as amended, and considering the volume of Products sold in the Group A, Group B countries in the Territory and the Sterile Samples in Section 3.3. Any special packing or handling requested by XXXXXXX shall be at the sole expense of XXXXXXX. |
4.6 |
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applicable date of such price increase. It is furthermore understood and agreed by the parties that the Target Purchase Quantity in Section 2.7 are strictly related to the purchase prices of the Products; therefore, in case of any price increase, the annual Target Quantities for the subsequent Supply Year will be reviewed accordingly. |
The parties may at any time agree to negotiate fixed prices other than as specified in Exhibit A, in response to changing market conditions (including if labour costs or raw material costs increase by more than [****] ([***])) or facing a high-volume opportunity.
4.8 | Resale Prices. XXXXXXX may offer the Products in the Territory at such prices as XXXXXXX, in its sole discretion, shall determine. |
(a) | Change the specification or discontinue the production of one or more Products. In such case of changed of discontinued Product, BIOMATERIALI and XXXXXXX shall evaluate in good faith the ongoing supply contract with the XXXXXXX’ customers and shall make all reasonable commercial efforts to secure, supply of the changed or discontinued product for existing supply contracts with XXXXXXX’ customers. |
(b) | Commence the development and distribution of new products or of modifications or improvements to the Products having features which may make the Products wholly or partially obsolete. Subject to the terms set forth below, XXXXXXX shall have exclusive right to distribute new products and modifications or improvements to Products. The parties shall negotiate in good faith for the applicable prices for such new products. |
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5. | REGULATORY AFFAIRS |
6. | QUALITY MANAGEMENT SYSTEM, TRACEABILITY |
6.1 |
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XXXXXXX any significant changes in the production and quality assurance team for the Products in existence at the time the present Agreement is executed, including but not limited to the team members and quality assurance procedures. Such communication is to be made on a timely basis prior to making any projected changes. Should XXXXXXX be dissatisfied with any projected changes, the parties agree to review and discuss them. The parties agree to attempt to resolve their differences within a period not to exceed six (6) weeks, after which, should no agreement be reached, the distribution Agreement may he amicably terminated. |
6.3 | Compliance Inspection. BIOMATERIALI shall inspect and test Products prior to delivery to XXXXXXX to ensure compliance with the Product Specifications. |
7. | REPORTING, VIGILANCE, RECALL |
7.1 | Reporting. It is BIOMATERIALI sole responsibility to file Medical Device Reports or Vigilance Reports to any legal authority for the Products in order to comply with the applicable laws and regulations in the Territory. Only, if XXXXXXX by any applicable law or regulation is obliged to report medical device incidents, this Agreement shall not prevent XXXXXXX to do so. |
7.2 | Safety Notification. In case a Product is potentially deviating from its Specification, or under any other circumstance where such Product might cause, or already has caused harm to a patient, user or other person, each party shall notify |
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the other party in writing (“Safety Notification”), irrespective of the time or location of detection of the potentially faulty Product, as soon as the respective party gains knowledge of such circumstance. Safety Notifications and any other complaints on the Products are to be effected to the following addresses: |
BIOMATERIALI Srl, Xx. Xxxxxx Xxxxxxxx
Xxxxxxxxx xxxxx Ricerca s.s.7 per Mesagne
00000 Xxxxxxxx
Xxxxx (tel. x00 0000 000 000, Fax: x00 0000 000 000)
email: x.xxxxxxxx@xxxxxxx.xx
Xxxxxxx Lifesciences S.L., Xxx. Xxxxx Xxxxxx
Avda. Xxxx de la Cierva 27
Parque Xxxxxxxxxxx xx Xxxxxxxx
00000 Xxxxxxx, Xxxxxxxx
Xxxxx (tel. x00 0 00 00 00 00, Fax x00 0 00 00 00 00)
email: xxxxx_xxxxxx@xxxxxxx.xxx
7.3 | No Statement. In the event of a (alleged) malfunction or defect of a Product, XXXXXXX or its representatives or agents will not make any statement as to the cause, before having informed BIOMATERIALI and having received BIOMATERIALI written analysis of the malfunction or defect, and will then not render statements different from the results of such analysis. |
7.4 | Sales Records. XXXXXXX will maintain complete and accurate lists and records reflecting all Product sales and related transactions as may be required by law and to comply with the EU regulations, regulations of the EC-Council Directive concerning medical devices or other legal requirements applicable for a country of the Territory to secure full traceability of each Product. |
7.5 | Product Recall. If either party believes that a recall of any Products in the Territory is desirable or required by law in the Territory or elsewhere, it shall immediately notify the other party. The parties shall then discuss reasonably and in good faith whether such recall is appropriate or required and the manner in which any mutually agreed recall shall be handled. BIOMATERIALI will be responsible for making the decision whether to inform the local competent authority and the Notified Body or not. XXXXXXX shall make commercially reasonable efforts to assist BIOMATERIALI in giving effect to the recall, including communication with any customer or user. BIOMATERIALI shall bear all costs and expenses of any recall, including, without limitation, expenses or obligations to third parties, the costs of notifying customers and costs associated with the shipment of recalled Product from customer to XXXXXXX or BIOMATERIALI, and replacement of such Products. |
7.6 | Remedial Actions. It is BIOMATERIALI exclusive right and obligation to issue recalls, safety alerts, advisory notices or similar remedial actions on the Products. In such case, XXXXXXX will support and fully co-operate with BIOMATERIALI |
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to comply with the applicable laws and regulations. Furthermore, in such case XXXXXXX will notify its customers and, upon BIOMATERIALI’s request retrieve identified Products. BIOMATERIALI shall bear all direct costs and expenses of any recall, including, without limitation, expenses or obligations to third parties, the costs of notifying customers and costs associated with the shipment of recalled Product from customer to XXXXXXX or BIOMATERIALI, and replacement of such Products. |
7.7 | Survival. The provisions of this section Reporting, Vigilance, Recall shall survive the termination of the Agreement. |
8. | LIABILITY AND INDEMNIFICATION |
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9. | CONFIDENTIALITY |
(a) | Information which is or becomes in the public domain through no fault or act of Receiving Party; |
(b) | Information which was independently developed by Receiving Party without the use of or reliance on Confidential Information; |
(c) | Information which was provided to Receiving Party by a third party under no duty of confidentiality to the Disclosing Party; or |
(d) | Information which is required to be disclosed by law, provided, however, prompt prior notice thereof shall be given to Disclosing Party and disclosure shall be limited to the maximum extent possible. |
10. | TRADEMARKS |
10.1 |
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use of the BIOMATERIALI trademark. XXXXXXX shall not remove or alter any BIOMATERIALI trade names, trademarks, copyright notices, serial numbers, labels, tags or other identifying marks, symbols or legends affixed to any Products, documentation or containers or packages. XXXXXXX shall not adopt, use or register any words, phrases or symbols, which are identical to or confusingly similar to any of BIOMATERIALI’s trademarks. |
11. | TERM AND TERMINATION |
11.2 | Termination. Either party may terminate this Agreement at any time with immediate effect by either party: |
(a) | if the other party shall be or become bankrupt or insolvent or if there are instituted by or against it proceedings in bankruptcy or under insolvency laws or for its reorganization, receivership, liquidation or dissolution; |
(b) | if the other party is in serious material breach of this Agreement and has failed to cure such breach within sixty (60) days of receipt of written notice thereof from the first party; |
(c) | either party or either party’s employees, officers, sub-distributors or agents engages in unethical business conduct or is convicted of a crime (other than a misdemeanour) that, in the reasonable discretion of either party, is likely to cause or has caused harm or disrepute to the reputation of the other party, or harm to the public; |
(d) | there is a major material change in the management of or operation of either party’s business; or |
(e) | any law or government-enacted regulation or decree renders the performance by either party of its respective obligations hereunder unduly onerous or otherwise inexpedient. |
11.3 | Additionally BIOMATERIALI may terminate this Agreement immediately upon written notice to XXXXXXX if XXXXXXX breaches any obligation to BIOMATERIALI regarding BIOMATERIALI’s intellectual property, alters any Product or the labelling therefore without BIOMATERIALI’s prior written consent or sells a Product beyond its expiration date; or |
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(a) | Neither party shall be released from the obligation to make payment of all amounts then or thereafter due and payable; |
(b) | The duties of confidentiality under Article 10 and the duties of both parties concerning dispute resolution under Article 13 shall survive the termination of this Agreement; |
(c) | Except as provided in Section 11.6, XXXXXXX shall cease to distribute the Products and shall return to BIOMATERIALI all copies of promotional and technical materials and artwork provided by BIOMATERIALI; |
(d) | BIOMATERIALI will repurchase XXXXXXX’ inventory of non-obsolete and non-expired Products at the price paid by XXXXXXX for such Products or direct XXXXXXX to sell them to the third party or parties selected by BIOMATERIALI; |
(e) | XXXXXXX shall return or, if requested by BIOMATERIALI, destroy all Confidential Information, including, if applicable all electronic copies thereof and shall certify in writing that it has done so; and |
(f) | XXXXXXX shall cease any use of the BIOMATERIALI trademark in any manner. In addition, XXXXXXX hereby empowers BIOMATERIALI and shall assist BIOMATERIALI, if requested, to cancel, revoke or withdraw any governmental registration or authorisation, permitting XXXXXXX to use BIOMATERIALI trademark in the Territory. |
12. | CHANGE OF CONTROL, RIGHT OF FIST REFUSAL |
12.1 | If BIOMATERIALI ceases, or threatens to cease, to carry on its business or the production of the Products, BIOMATERIALI shall immediately inform XXXXXXX of its intention before informing any third party and, in such cases; XXXXXXX shall have the option right to place an offer to acquire BIOMATERIALI or part of its business related to the Products. XXXXXXX shall |
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notify BIOMATERIALI its intention to exercise such option right within sixty (60) days from the notification of BIOMATERIALI intention to abandon or sell in full or in part its business. |
12.2 | In the event BIOMATERIALI receives a bona fide offer for all or part of its business from any third party, during the term of this Agreement, XXXXXXX shall have the right of first refusal to purchase business. If this occurs XXXXXXX shall notify BIOMATERIALI its intention to proceed with a due diligence on BIOMATERIALI business and eventually match the purchase offer of such third party within sixty (60) days from the date it receives the notification of the intended transaction. |
12.3 | Notwithstanding Articles 12.1 and 12.2 above, in the event of a Change of Control (as defined below) of either party occurs, the party with respect to which the Change of Control has occurred shall give notice to the other party (the “Non-Affected Party”) within thirty (30) days after the occurrence of such Change of Control. The Non-Affected Party may terminate the Agreement upon the expiry of a twelve (12) months’ notice. In the event of a Change in Control of BIOMATERIALI, if this Agreement is terminated on notice to XXXXXXX, BIOMATERIALI shall pay XXXXXXX a cancellation fee (the “Cancellation Fee”) in an amount equal to XXXXXXX’ purchase orders for Products (the “Product Purchases”) for the twelve (12) months immediately preceding the date on which XXXXXXX is notified by BIOMATERIALI of such Change of Control. For the purpose of this Article 11.3, “Change of Control” shall mean: |
(i) | the acquisition, directly or indirectly, by any individual or legal entity of at least fifty percent (50%) of the voting stock of any party to this Agreement or any individual or legal entity that controls either party. |
(ii) | a merger involving either party which, directly or indirectly, controls or is controlled by or is under the same control as either party hereto, “control” meaning the ability to exercise or to procure the exercise, directly or indirectly, of at least fifty percent (50%) of the voting stock of a company. |
13. | GOVERNING LAW AND ARBITRATION |
13.1 | This Agreement shall be governed by and construed and enforced in accordance with the Italian law. |
13.2 | Any dispute, controversy or claim arising under, out of or relating to this contract and any subsequent amendments of this contract, including, without limitation, its formation, validity, binding effect, interpretation, performance, breach or termination, as well as non-contractual claims, shall be referred to and finally determined by arbitration in accordance with the WIPO Arbitration Rules. The arbitral tribunal shall consist of three arbitrators and the place of arbitration shall be Geneva, Switzerland. The language to be used in the arbitral proceedings shall be English. |
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13.3 | The arbitral award will be final and binding on the parties, and the prevailing party shall be entitled to recover attorney’s fees and costs awarded by the arbitration. The provision of this Section shall not restrict the right of either party to seek and obtain provisional remedies from any court of competent jurisdiction. |
14. | MISCELLANEOUS |
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14.5 | Notices. Notices permitted or required to be given hereunder shall be given: |
(a) | by XXXXXXX to BIOMATERIALI’s statutory seat at the address set forth on page 1 or such other address of which BIOMATERIALI may notify XXXXXXX in writing; |
(b) | by BIOMATERIALI to XXXXXXX’ statutory seat at the address set forth on page 1 or such other address of which XXXXXXX may notify BIOMATERIALI in writing. |
Notices shall be deemed sufficient if given by (a) registered or certified mail, postage prepaid, return receipt requested, (b) private courier service, or (c) facsimile with electronic confirmation of receipt, addressed to the respective addresses of the parties as first above written or at such other addresses as the respective parties may designate by like notice from time to time. Notices so given shall be effective upon (a) receipt by the party to which notice is given, or (b) on the fifth (5th) day following domestic mailing or the tenth (10th) day following international mailing, as may be the case, whichever occurs first.
14.7 | Amendment. This Agreement may be modified, amended, rescinded, cancelled or waived, in whole or in part, by written amendment signed by both parties. |
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BIOMATERIALI SRL | XXXXXXX LIFESCIENCES AG | |||
/s/ Xxxxxxxxx Xxxxxx | /s/ Xxxxxxx Xxxxxxx | |||
Xxxxxxxxx Xxxxxx | Xxxxxxx Xxxxxxx | |||
Managing Director | President Europe |
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List of Exhibits
A. | Products, Prices |
B. | Territory |
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BIOMATERIALI
EXHIBIT A - PRODUCTS, PRICES
Graft Type/Length | Unit Price | Sterile Sample Price | ||||||||||||
Group A | Group B | Group A | Group B | |||||||||||
Albograft without Collagen (AMO, ATO) | ||||||||||||||
Straight tube | Any length | [***] | € | [***] | € | [***] | [***] | |||||||
Bifurcation | [***] | € | [***] | € | [***] | [***] | ||||||||
Albograft with Collagen (AMC, ATC) | ||||||||||||||
Straight tube | 7.5cm length | [***] | € | [***] | € | [***] | € | [***] | € | |||||
15cm length | [***] | € | [***] | € | [***] | € | [***] | € | ||||||
30cm length | [***] | € | [***] | € | [***] | € | [***] | € | ||||||
40 cm length | [***] | € | [***] | € | [***] | € | [***] | € | ||||||
60 cm length | [***] | € | [***] | € | [***] | € | [***] | € | ||||||
100cm length | [***] | € | [***] | € | [***] | € | [***] | € | ||||||
Bifurcation | [***] | € | [***] | € | [***] | € | [***] | € | ||||||
Albopass with Collagen (ATC 90XX) | ||||||||||||||
Tube with side arm | 60cm tube/ 40cm side arm | [***] | € | [***] | € | [***] | € | [***] | € |
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EXHIBIT B—DISTRIBUTION TERRITORY
GROUP A | GROUP B | |||
Europe | Europe | Middle East / Far East and Africa | ||
Andorra | All EU Accession countries | All Middle East countries acc. to British definition | ||
Austria | Albania | China | ||
Belgium | Armenia | Hong-Kong | ||
Denmark | Azerbaijan | Indonesia | ||
Finland | Belarus | Korea | ||
France | Bosnia-Herzegovina | Malaysia | ||
Germany | Bulgaria | Morocco | ||
Greece | Croatia | Philippines | ||
Xxxxxxxxxxxx | Georgia | Singapore | ||
Luxembourg | Iceland | South Africa | ||
Monaco | Ireland | Taiwan | ||
Norway | Italy | Thailand | ||
San Marino | Macedonia | Tunisia | ||
Spain | Moldova | Vietnam | ||
Sweden | Montenegro | |||
Switzerland | Netherlands | |||
Portugal | ||||
Romania | ||||
Russia | ||||
Serbia | ||||
Turkey | ||||
United Kingdom (UK) | ||||
Ukraine | ||||
Vatican City |
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AMENDMENT TO THE SUPPLY AND DISTRIBUTION AGREEMENT
entered into between
Biomateriali Srl, an Italian limited liability company having its registered offices at Xxxxxxxxxx xxxxx Xxxxxxx x.x.0 xxx Xxxxxxx, 00000 Xxxxxxxx, Xxxxx
and
Xxxxxxx Lifesciences AG, a corporation organised under the laws of Switzerland and having its business office at Xxxxxx xx Xxxxxx 0, 0000 Xxxxx-Xxxx, Xxxxxxxxxxx.
*****
By signing this Amendment, the Parties agree to amend their “Supply and Distribution Agreement” made as of January 1, 2005 (hereinafter: “the Agreement”) as follows:
1. | The amendments to the Agreement stated hereafter shall take effect on January 1, 2007. |
2. | The Agreement shall last until December 31, 2011, this date referring to the “Initial Term” as mentioned under section 11.1. |
3. | The following sections of the Agreement shall not be effective anymore: |
• | 2.1. d) |
• | 3.3. |
• | 3.4. |
4. | Section 2.7 is amended and replaced as follows: |
“Target Purchase Quantities. During the term of this Agreement, Xxxxxxx shall use its commercially reasonable effort to purchase the target quantities of [***] ([***]) units of Product (“Target Purchase Quantity”) at the prices shown in Exhibit A, for any twelve month period starting on January 1, 2007 (“Supply Year”).”
5. | Section 4.5 is amended and replaced as follows: |
“Prices. Pricing will be in Euro. BIOMATERIALI shall invoice for, and XXXXXXX shall pay BIOMATERIALI all delivered and accepted Products at prices set forth in Exhibit A in the Territory set forth in Exhibit B during each Supply Year. Any special packing or handling requested by XXXXXXX shall be at the sole expense of XXXXXXX.”
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6. | Exhibits A and B of the Agreement are replaced by the Exhibits A and B attached to the present Amendment. |
BIOMATERIALI SRL | XXXXXXX LIFESCIENCES AG | |||
/s/ Xxxxxxxxx Xxxxxx | /s/ Xxxxxxx Xxxxxxx | |||
Xxxxxxxxx Xxxxxx | Xxxxxxx Xxxxxxx | |||
Managing Director | President Europe | |||
| 23 Jan 2007 | |||
Place and Date: | Place and Date: |
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List of Exhibits
A. | Products, Prices |
B. | Distribution Territory |
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EXHIBIT A—PRODUCTS AND PRICES
Graft Type / Length | Unit Price effective from Jan 1, 2007 | ||||
Albograft without Collagen (AMO, ATO) | |||||
Straight tube | Any length | [***] | € | ||
Bifurcation | [***] | € | |||
Albograft with Collagen (AMC, ATC) | |||||
Straight tube | 7.5cm length | [***] | € | ||
15cm length | [***] | € | |||
30cm length | [***] | € | |||
40cm length | [***] | € | |||
60cm length | [***] | € | |||
100cm length | [***] | € | |||
Bifurcation | [***] | € | |||
Albograft with Collagen (ATC 90XX) | |||||
Straight tube with 1 side arm | 60cm tube length/ 40cm side arm | [***] | € |
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EXHIBIT B—DISTRIBUTION TERRITORY
Europe | Middle East / Far East and Africa | |||
Andorra | All EU Accession countries | All Middle East countries acc. to British definition | ||
Austria | Albania | China | ||
Belgium | Armenia | Hong-Kong | ||
Denmark | Azerbaijan | Indonesia | ||
Finland | Belarus | Korea | ||
France | Bosnia-Herzegovina | Malaysia | ||
Germany | Bulgaria | Morocco | ||
Greece | Croatia | Philippines | ||
Xxxxxxxxxxxx | Georgia | Singapore | ||
Luxembourg | Iceland | South Africa | ||
Monaco | Ireland | Taiwan | ||
Norway | Italy | Thailand | ||
San Marino | Macedonia | Tunisia | ||
Spain | Moldova | Vietnam | ||
Sweden | Montenegro | |||
Switzerland | Netherlands | |||
Portugal | ||||
Romania | ||||
Russia | ||||
Serbia | ||||
Turkey | ||||
United Kingdom (UK) | ||||
Ukraine | ||||
Vatican City |
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