EXHIBIT 10.41
DATED: July 10, 2001
BIOPROGRESS TECHNOLOGY INTERNATIONAL INC
and
FARMASIERRA, S.A.
-------------------------------------------
MACHINE SUPPLY AGREEMENT
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DATE: 2001
PARTIES:
1 'The Company': BIOPROGRESS TECHNOLOGY INTERNATIONAL INC, a corporation
organised under the laws of the State of Nevada, United States of America, of
Xxxx 0, Xxxxxxx Xxxx, Xxxxx, Xxxxxxxxxxxxxx, XX00 0XX, Xxxxxxx, and
2 'The Purchaser': FARMASIERRA, S.A. a Spanish company whose registered office
is at Carretera de Irun, Km. 26,200 28700 San Sebastian de los Xxxxx Xxxxxx,
Spain.
RECITAL:
The purpose of this agreement is to record the terms under which the Company has
agreed to sell and the Purchaser to purchase certain equipment.
OPERATIVE PROVISIONS:
1 Interpretation
1.1 In this Agreement, unless the context otherwise requires:
(a) 'Acceptance Criteria' means compliance with the Specification and
clause 7.1
(b) 'Acceptance Date' means in respect of each Machine the date upon which
such Machine is accepted by the Purchaser in accordance with clause 4
(c) 'Confidential Items' means those parts of the Machine which are listed
in Schedule 4
(d) 'Documentation' means all instruction manuals, documents and drawings
that the Purchaser may require to safely own, operate and maintain the
Machines
(e) 'Employees' means all of the personnel (including subcontractors or
agents and the personnel of any subcontractor or agent) used by the
Company from time to time in performing its obligations under this
Agreement
(f) 'an Expert' means a person to whom a reference is made under
clause 10.1
(g) 'Force Majeure' means, in relation to either party, any circumstances
beyond the reasonable control of that party (including, without
limitation, any strike, lock-out or other industrial action)
(h) 'the Machine' means the machine described in Schedule 1 and 'Machines'
shall be construed accordingly
(i) 'the Patent Licence' means a patent licence agreement between the
parties of even date with this agreement relating to patent application
numbers [CONFIDENTIALITY REQUESTED]
(j) 'Premises' means any of the Purchaser's premises to which a Machine is
to be delivered or is situated
(k) 'Purchaser's Authorised Representative' means the Purchaser's
President/CEO from time to time (being Xx. Xxxxx Xxxxxxx Xxxxx at the
date
of this Agreement)
(l) 'the Specification' means the specification set out in Schedule 2 as
upgraded from time to time by the Company at its discretion or any other
specification agreed in writing between the Company and the Purchaser from
time to time
1.2 Any reference in this Agreement to 'writing', or cognate expressions,
includes a reference to any communication effected by telex, cable, facsimile
transmission or any comparable means.
1.3 The headings in this Agreement are for convenience only and shall not affect
its interpretation.
2 Sale of Machines
2.1 During the continuance of this Agreement the Company shall sell and the
Purchaser shall purchase such quantities of Machines as may be ordered by the
Purchaser from time to time under clause 2.3, subject to the terms and
conditions of this Agreement.
2.2 During the continuance of this Agreement the Purchaser shall purchase all of
its requirements for Machines from the Company and accordingly, except as
otherwise provided in this Agreement, the Purchaser shall not purchase Machines
from any other person.
2.3 Orders for Machines shall be given by the Purchaser to the Company in
writing or, if given orally, shall be confirmed by the Purchaser in writing not
more than [CONFIDENTIALITY REQUESTED] after the order is given by the Purchaser.
2.4 Whilst the Company agrees to take all such steps as may reasonably be
required to fulfill its obligations under this Agreement in the normal course,
the Company shall not be obliged to give the Purchaser any priority over any
other customer of the Company with regard to the supply or delivery of the
Machines.
3 Specification of the Machine
3.1 All Machines sold by the Company to the Purchaser pursuant to this Agreement
shall conform to the Specification.
3.2 The Company shall consult with the Purchaser from time to time during the
continuance of this Agreement in order to ensure that the Specification of the
Machines to be sold by the Company to the Purchaser is acceptable to both
parties, but the Company shall not be obliged to agree to any change to the
Specification requested by the Purchaser (except, for the avoidance of doubt,
any change to the Specification required to ensure that the Machines comply with
clause 7.1.4 to which the Company will be obliged to agree).
4 Manufacture, delivery and installation of Machines
4.1 The Company shall deliver each of the Purchaser's orders for the Machine on
any date confirmed by the Company upon receipt of the order as the delivery date
but time of delivery shall not be of the essence.
4.2 The Company shall deliver the Machine to the Premises and shall commence and
thereafter expeditiously continue installation of the Machine as soon as
reasonably practicable after such delivery.
4.3 The Company will carry out the installation of each Machine:
4.3.1 with all due skill and care and to the highest professional
standards;
4.3.2 using suitable and trained employees with appropriate experience and
qualifications; and
4.3.3 in compliance with all relevant standards, codes of practice
statutory requirements and regulations.
4.4 The Company will advise the Purchaser in writing when it considers the state
of the Machine to be such that it meets the Acceptance Criteria.
4.5 Within [CONFIDENTIALITY REQUESTED] of the service of the notice referred to
in clause 4.4 the parties will inspect and test each Machine in the presence of
the Purchaser's Authorised Representative to establish whether the Machine meets
the Acceptance Criteria.
4.6 Within [CONFIDENTIALITY REQUESTED] of the inspection pursuant to clause 4.5
a joint written report will be prepared recording the detailed results of the
inspection and testing referred to in clause 4.5 and commenting on whether the
Machine Acceptance Criteria have been met.
4.7 If the report is agreed and demonstrates that the Acceptance Criteria have
been met to the satisfaction of the Purchaser's Authorised Representative he
will issue a written notice certifying this fact and the Machine shall be deemed
to be accepted on the date of such notice.
4.8 If the report records that the Acceptance Criteria have not been met the
Company shall as soon as possible prepare (and copy to the Purchaser) and
implement a remedy programme to correct the matters that led to such failure and
the procedures set out in clauses 4.4 to 4.7 shall be repeated as soon as
possible until successful compliance with the Acceptance Criteria is achieved.
4.9 If there is any difference of opinion between the parties as to whether the
inspection tests and other procedures carried out demonstrate that the
Acceptance Criteria have been achieved the matter shall, at the request of
either the Company or the Purchaser, be determined by an Expert.
4.10 Risk in and responsibility for each Machine shall pass to the Purchaser on
the Acceptance Date for each Machine.
4.11 The Purchaser shall allow the Company including the Employees such
reasonable access to the Premises at reasonable times as it shall from time to
time require to perform its obligations under this agreement.
4.12 The Company shall procure that all Employees who may have access to the
Premises in connection with this Agreement are fully aware of and fully comply
with the Purchaser's health and safety, fire and other rules applying to the
Premises (from time to time).
4.13 Whilst on the Premises the Company shall, and will ensure that the
Employees shall, comply with the Health and Safety at Work Xxx 0000 and all
other applicable health and safety regulations.
4.14 The Company shall take out and maintain at its own expense a policy or
policies of insurance with reputable insurers in respect of employer's liability
to the Employees and damage caused to the Premises by the Employees' negligence.
4.15 The Company shall be responsible for the behaviour of the Employees whilst
on the Premises, whether or not any act or omission by them falls within the
scope of their employment or authority. In particular the Company shall comply
with the Purchaser's regulations as to the behaviour of persons whilst on its
sites. The Company shall promptly exclude from the Premises any of the Employees
whose behaviour in the Purchaser's opinion is unsuitable or inappropriate.
4.16 The Company will carry out its obligations under this Agreement in such a
manner so as not to interfere with the orderly carrying out of the Purchaser's
business at the Premises or cause any damage to the Premises.
5 Price of the Machines
5.1 Subject to clause 5.3, the price for each Machine purchased by the Purchaser
from the Company hereunder shall be calculated by reference to the number of
Machines forming the subject of each order placed by the Purchaser, in
accordance with the table set out in Schedule 3.
5.2 The purchase price for each Machine purchased by the Purchaser from the
Company hereunder shall be paid:
(a) as to [CONFIDENTIALITY REQUESTED]% on the placing of the order for the
Machine in question in accordance with clause 2.3, and
(b) as to [CONFIDENTIALITY REQUESTED]% no later than seven days after
the Acceptance Date.
5.3 Subject to clause 5.4 the Company reserves the right, by giving notice to
the Purchaser at any time, to increase the price of Machines to reflect any
increase in the cost to the Company which is due to any factor beyond its
control (such as, without limitation, currency regulation, alteration of duties,
significant increase in the costs of labour, materials or other costs of
manufacture ), any change in delivery dates, or specifications which is
requested by the Purchaser, or any delay caused by any instructions of the
Purchaser or failure of the Purchaser to give the Company adequate information
or instructions (provided that the Purchaser has been given reasonable notice of
the information and instructions which the Company requires) PROVIDED THAT:
(i) subject to clause 5.9 the first such notice of increase shall not take
effect before [CONFIDENTIALITY REQUESTED] and subsequent notices shall not
take effect [CONFIDENTIALITY REQUESTED]; and
5.4 The Price of each Machine will be [CONFIDENTIALITY REQUESTED].
5.5 The Purchaser shall obtain the Confidential Items only from the Company but
shall be free to obtain other spare parts and/or tooling for the Machine from
any supplier. The Company undertakes to maintain such stock of Confidential
Items as may be necessary to enable it to supply such items to the Purchaser
within 24 hours of receipt of any order therefor from the Purchaser.
5.6 The prices for any spare or replacement Machine parts or tooling purchased
by the Purchaser from the Company shall be the Company's standard
prices for such parts applicable on the date of order provided that such spare
parts and tooling will be supplied to the Purchaser at a cost no greater than
the Company charges to third parties (who purchase the same quantity or fewer
spare parts and tooling as the Purchaser) for the same spare parts and/or
tooling.
5.7 Unless otherwise expressly agreed in writing all prices referred to in this
agreement or elsewhere shall be exclusive of:
(a) any costs of packaging, carriage and insurance of the Machines,
(b) any applicable value added tax or other sales tax or duty, which shall
be added to the sum in question.
5.8 If the Purchaser fails to pay on the due date any amount which is payable to
the Company under this Agreement then, without prejudice to clause 12.2:
(a) that amount shall bear interest from the due date until payment is
made in full, both before and after any judgment, at 4 per cent per annum
over Barclays Bank plc base rate from time to time; and
(b) the Company shall be entitled to suspend deliveries of Machines until
the outstanding amount has been received by the Company from the
Purchaser.
5.9 The restrictions on the frequency of price increases contained in clause
5.3(i) shall not apply in circumstances where the reason for the increased cost
incurred by the Company is that changes in the Specification have required
increased quantities of materials or different specifications or grades of
materials to be used in the manufacture of the Machines.
6. Title to Machines and documentation
6.1 Title to any Machine shall not pass to the Purchaser until the date that the
Purchase Price for the Machine in question and value added tax thereon (if
applicable) and any applicable packaging, carriage and insurance charges have
been paid in full to the Company ('the Payment Date').
6.2 Until the Payment Date the Purchaser shall not be entitled to sell transfer
lease charge assign by way of security or otherwise deal in or encumber the
Machine in question and the relationship between the Company and the Purchaser
in respect of such Machine including any proceeds of sale or other consideration
therefor shall be a fiduciary one.
6.3 If either:
6.3.1 the Purchaser fails to effect payment in full of all sums due
hereunder by the due date, or
6.3.2 prior to the Payment Date the Purchaser convenes a meeting of its
creditors or a proposal is made for a voluntary arrangement within Part I
of the Insolvency Xxx 0000 or a proposal for any other composition scheme
or arrangement with (or assignment for the benefit of) the Purchaser's
creditors or if the Purchaser is unable to pay its debts within the
meaning of section 123 of the Insolvency Xxx 0000 or if a trustee receiver
administrative receiver or similar officer is appointed in respect of all
or any part of the business or assets of the Purchaser or if a meeting is
convened for the purpose of considering a resolution or other steps are
taken for the winding up of the Purchaser or for the making of an
administration order (otherwise than for the purpose of an amalgamation or
reconstruction) then the Company (without prejudice to any other legal
remedies it may have) shall at any time thereafter be entitled to enter on
the Purchaser's premises or any other premises where the Machine in
question is located (without notice to the Purchaser) and remove the
Machine in question.
6.4 If in breach of clause 6.2 above the Purchaser sells any Machine prior to
the Payment Date then any proceeds of sale in respect thereof and all rights
arising under or in respect of said sale shall be held (in the case of the
proceeds of sale in a separate account) by the Purchaser as trustee for the
Company.
6.5 With effect from the date of delivery up to and including the Payment Date
the Purchaser shall insure the Machine in question for its full replacement
value with the Royal and Sun Alliance or such other insurance company as the
Company shall approve (such approval not to be unreasonably withheld) and shall
provide a copy of the insurance certificate to the Company promptly upon
request.
7 Warranty in respect of Machines
7.1 Subject to the limitations upon its liability set out in clause 8 below the
Company warrants to the Purchaser that each Machine will for a period of
[CONFIDENTIALITY REQUESTED] from the Acceptance Date in respect of each Machine:
7.1.1 be free from defects in or arising from design materials workmanship
delivery or installation;
7.1.2 conform in all respects with the Specification;
7.1.3 be of satisfactory quality within the meaning of the Sale of
Goods Xxx 0000 (as amended) and fit for its purpose; and
7.1.4 comply with all statutory and EC requirements and regulations
relating to the Machine.
7.2 Subject to the limitations upon its liability in clause 8 below the Company
warrants to the Purchaser that the Company will:
7.2.1 carry out the installation of the Machines with all due skill, care
and diligence; and
7.2.2 comply with all applicable legislation, statutory provisions and
regulations in performing its obligations under the Agreement.
7.3 The Purchaser shall give notice to the Company as soon as it is reasonably
able upon becoming aware of a breach of warranty.
7.4 The Company shall as soon as it is reasonably able investigate any alleged
breach of warranty and shall remedy the same free of charge by either:
7.4.1 carrying out such repairs modifications or alterations to the
Machine as it shall in its absolute discretion think fit (or authorising
the Purchaser to carry out such repairs, modifications or alterations at
the Company's cost) or (at its discretion)
7.4.2 replacing the Machine or any part of it.
7.5 Any defective Machine or component parts replaced by the Company pursuant to
clause 7.4.2 above ('Replaced Equipment') shall upon replacement become the
property of the Company and the Purchaser warrants that its title to such
Replaced Equipment shall be free and unencumbered or that it shall have all
necessary consents and authorities to part with possession of the Replaced
Equipment.
7.6 Any new parts of a Machine used by the Company to replace Replaced Equipment
will be guaranteed on the terms set out in clause 7.1 for the unexpired portion
of such warranty.
7.7 Subject to the foregoing and with the exception of the condition and
warranties implied by section 12 of the Sale of Goods Xxx 0000 all conditions
warranties terms and undertakings express or implied statutory or otherwise in
respect of any Machines purchased hereunder are hereby excluded.
7.8 During the term of this Agreement and for one (1) year thereafter, the
Company shall maintain product liability insurance on the Machine with minimum
limits of the sterling equivalent of $1,000,000 (ONE MILLION DOLLARS) per
occurrence and $10,000,000 (TEN MILLION DOLLARS) in the aggregate with an
insurance company registered in the United Kingdom and being a member of the
British Insurers Association. The Company shall provide the Purchaser with a
copy of the certificate of such insurance and evidence of the payment of
premiums therefor promptly upon request.
7.9 For the avoidance of doubt all deductibles under insurance policies
maintained by the Company will be the sole and exclusive responsibility of the
Company and clause 7.8 will not be deemed to limit in any way the Company's
liability under this Agreement.
8 Limitation of liability
8.1 The following provisions set out the Company's entire liability (including
any liability for the acts and omissions of its employees agents and
sub-contractors) to the Purchaser in respect of:
8.1.1 any breach of its contractual obligations arising under this
agreement; and
8.1.2 any representation statement or tortious act or omission including
negligence arising under or in connection with this agreement AND THE
PURCHASER'S ATTENTION IS IN PARTICULAR DRAWN TO THE PROVISIONS OF THIS
CLAUSE 8.
8.2 Any act or omission on the part of the Company or its employees agents or
sub-contractors falling within clause 8.1 above shall for the purposes of this
clause 8 be known as an 'Event of Default'.
8.3 The Company's liability to the Purchaser for:
8.3.1 death or injury resulting from its own or its employees' agents' or
subcontractors' negligence; and
8.3.2 all damage suffered by the Purchaser as a result of the implied
statutory undertakings as to title quiet possession and freedom from
encumbrances shall not be limited.
8.4 Subject to the provisions of clause 8.3 above the Company's entire liability
in respect of each Event of Default shall be limited to damages of an amount
equal to (pound)[CONFIDENTIALITY REQUESTED].
8.5 If a number of Events of Default give rise substantially to the same loss
then they shall be regarded as giving rise to only one claim under this
agreement.
8.6 Except in the case of an Event of Default arising under clause 8.3 above the
Company shall have no liability to the Purchaser in respect of any Event of
Default unless the Purchaser shall have served notice of the same upon the
Company within 12 months of the date it became aware of the circumstances giving
rise to the Event of Default.
8.7 Nothing in this clause 8 shall confer any right or remedy upon the Purchaser
to which it would not otherwise be legally entitled.
9 Documentation
9.1 The Company will on or prior to the Acceptance Date provide complete and
accurate Documentation to the Purchaser for the Machine in question.
9.2 The Documentation provided by the Company to the Purchaser hereunder is the
copyright of the Company and contains confidential information of the Company.
9.3 The Purchaser shall take all such steps as shall be necessary to protect the
Company's copyright and confidential information in such documentation and
without prejudice to the generality of the foregoing shall not copy or reproduce
the same nor distribute sell or disclose the contents of the same to any third
party without the prior consent of the Company (such consent not to be
unreasonably withheld or delayed). For the avoidance of doubt nothing in this
clause shall prevent the Purchaser from handing over the Documentation to any
third party to whom it may sell any Machines at any future date.
9.4 The Purchaser undertakes to the Company to make its employees agents and
sub-contractors aware of the provisions of this clause 9 and to use all
reasonable endeavours to ensure compliance by its said employees agents and
sub-contractors with the obligations set out in clause 9.3 above.
10 Expert determination
10.1 Where under any provision of this Agreement any matter is to be determined
by an Expert, the matter shall be referred at the instance of either party to
such person as may be appointed by agreement between the parties or, in default
of agreement, nominated on the application of either party by the President for
the time being of the Institute of Mechanical Engineers.
10.2 Any person to whom a reference is made under clause 10.1 shall act as an
expert and not as an arbitrator and shall be entitled to appoint such technical
expert or experts as he considers necessary to assist him in determining the
matter referred to him. The decision of the Expert (which shall be given by him
in writing stating his reasons therefor) shall be final and binding on the
parties.
10.3 Each party shall provide any Expert with such information as he may
reasonably require for the purposes of his determination; if either party claims
any such information to be confidential to it then, provided that in the opinion
of the Expert that party has properly claimed the same as confidential, the
Expert shall not disclose the same to the other party or to any third party.
10.4 The costs of any Expert (including the costs of any technical expert
appointed by him) shall be borne in such proportions as the Expert may determine
to be fair and reasonable in all the circumstances or, if no such determination
is made by the Expert, by the parties in equal proportions.
11 Force majeure
11.1 If either party is affected by Force Majeure it shall promptly notify the
other party of the nature and extent of the circumstances in question.
11.2 Notwithstanding any other provision of this Agreement, neither party shall
be deemed to be in breach of this Agreement, or otherwise be liable to the
other, for any delay in performance or the non-performance of any of its
obligations under this Agreement, to the extent that the delay or
non-performance is due to any Force Majeure of which it has notified the other
party, and the time for performance of that obligation shall be extended
accordingly.
11.3 If at any time the Company claims Force Majeure in respect of its
obligations under this Agreement with regard to the supply of the Machines, the
Purchaser shall be entitled to obtain from any other person such quantity of the
Machines as the Company is unable to supply.
12 Duration and termination
12.1 This Agreement shall come into force on the date at the top of page 1 above
and, subject to the following provisions of this clause, shall continue in force
for as long as the Patent Licence continues in force.
12.2 Either party shall be entitled forthwith to terminate this Agreement by
written notice to the other if:
12.2.1 that other party commits any continuing or material breach of any
of the provisions of this Agreement and, in the case of such a breach,
which is capable of remedy, fails to remedy the same within 30 days after
receipt of a written notice giving full particulars of the breach and
requiring it to be remedied;
12.2.2 an encumbrancer takes possession or a receiver is appointed
over any of the property or assets of that other party;
12.2.3 that other party makes any voluntary arrangement with its creditors
or becomes subject to an administration order;
12.2.4 that other party goes into liquidation (except for the purposes of
an amalgamation, reconstruction or other reorganisation and in such manner
that the company resulting from the reorganisation effectively agrees to
be bound by or to assume the obligations imposed on that other party under
this Agreement); or
12.2.5 that other party ceases, or threatens to cease, to carry on
business.
12.3 For the purpose of clause 12.2.1, a breach shall be considered capable of
remedy if the party in breach can comply with the provision in question in all
respects other than as to the time of performance (provided that time of
performance is not of the essence).
12.4 Any waiver by either party of a breach of any provision of this Agreement
shall not be considered as a waiver of any subsequent breach of the same or any
other provision.
12.5 The rights to terminate this Agreement given by this clause shall not
prejudice any other right or remedy of either party in respect of the breach
concerned (if any) or any other breach.
12.6 Upon the termination of this Agreement for any reason, subject as otherwise
provided in this Agreement and to any rights or obligations which have accrued
prior to termination, neither party shall have any further obligation to the
other under this Agreement.
13 Nature of agreement
13.1 Either party shall be entitled to perform any of the obligations undertaken
by it and to exercise any of the rights granted to it under this Agreement
through any other company which at the relevant time is its holding company or
subsidiary (as defined by section 736 of the Companies Xxx 0000, as amended) or
the subsidiary of any such holding company, and any act or omission of any such
company shall for the purposes of this Agreement be deemed to be the act or
omission of such party to this Agreement.
13.2 Subject to the Purchaser's consent (which shall not be unreasonably
withheld or delayed) the Company shall be entitled to carry out its obligations
under this Agreement through any agents or sub-contractors appointed by it in
its absolute discretion for that purpose.
13.3 Except as provided in clauses 13.1 and 13.2, this Agreement is personal to
the parties, and neither of them may, without the written consent of the other,
assign, mortgage, charge (otherwise than by floating charge) or dispose of any
of its rights hereunder, or sub-contract or otherwise delegate any of its
obligations under this Agreement.
13.4 Nothing in this Agreement shall create, or be deemed to create, a
partnership between the parties.
13.5 This Agreement contains the entire agreement between the parties with
respect to its subject matter, supersedes all previous agreements and
understandings between the parties, and may not be modified except by an
instrument in writing signed by the duly authorised representatives of the
parties.
13.6 Each party acknowledges that, in entering into this Agreement, it does not
do so on the basis of or rely on any representation, warranty or other provision
except as expressly provided in this Agreement, and accordingly all conditions,
warranties or other terms implied by statute or common law are hereby excluded
to the fullest extent permitted by law provided that this shall not exclude any
liability which either party would otherwise have to the other in respect of
statements made fraudulently by that party prior to the date of this Agreement.
13.7 If any provision of this Agreement is held by any court or other competent
authority to be void or unenforceable in whole or part, the other provisions of
this Agreement and the remainder of the affected provisions shall continue to be
valid.
13.8 This Agreement shall be governed by and construed in all respects in
accordance with the laws of England, and the Purchaser agrees to submit to the
exclusive jurisdiction of the English courts.
13.9 The parties hereby agree that they do not intend that any third party,
which may benefit from this Agreement, shall have any rights of enforcement
under the terms of the Contract (Rights of Third Parties) Xxx 0000.
14 Notices
14.1 Any notice required to be given hereunder by either party to the other
shall be in writing and may be given by hand or sent by first class pre-paid
post or facsimile transmission and shall be deemed to be duly served:
14.1.1 if delivered by hand, when left at the proper address for
service;
14.1.2 is given or made by prepaid first class post, 48 hours after being
posted (excluding Saturdays, Sundays and public holidays);
14.1.3 if given or made by facsimile transmission at the time of
transmission, provided that a confirming copy is sent by first class
prepaid post to the other party within 24 hours after transmission,
provided that, where in the case of delivery by hand or transmission by
facsimile, such delivery or transmission occurs either after 4.00 pm on a
Business Day, or on a day other than a Business Day, service shall be
deemed to occur at 9.00 am on the next following Business Day (such times
being local time at the address of the recipient).
14.2 Any demand, notice or communication shall be made in writing or by
facsimile addressed to the recipient at its registered office or its address
stated in this Agreement (or such other address or facsimile number as may be
notified in writing from time to time) and shall be marked for the attention of
the Company Secretary in the case of the Purchaser or the Chief Financial
Officer in the case of the Company.
14.3 For the purposes of this clause 14 "Business Day" means any day other than
Saturdays, Sundays and public or statutory holidays.
SCHEDULE 1
The Machine (Clause 1.1(h))
SCHEDULE 2
The Specification (Clause 1.1(l))
SCHEDULE 3
Prices (Clause 5)
Number of Machines forming the subject of the order in question
Price per machine
[CONFIDENTIALITY REQUESTED]
SCHEDULE 4
Confidential Items
SIGNED
Xxxxxx X.X. Hind
.................................................................
on behalf of BioProgress Technology International Inc
Xxxxx Xxxxxxx
..................................................................
on behalf of Farmasierra S. A.
