Re: Termination of Amended and Restated Distribution and Supply Agreement between TEAMM Pharmaceuticals, Inc. (“TEAMM”) and Respirics, Inc. (“Respirics”)Distribution Agreement • February 14th, 2008 • Accentia Biopharmaceuticals Inc • Pharmaceutical preparations • North Carolina
TEAMM and Respirics entered into an Amended and Restated Distribution and Supply Agreement, effective as of August 12, 2005 (the “Agreement”), pursuant to which Respirics granted TEAMM the right to sell Respirics’ MD Turbo™ product in the United States, and Respirics agreed to supply such product to TEAMM. As discussed, for a variety of reasons, both parties wish to terminate the Agreement, as further described below. All capitalized terms not otherwise defined in this letter shall have the meanings provided in the Agreement. By execution of this letter agreement, and in consideration of the mutual promises and undertakings set forth hereinafter, Respirics and TEAMM hereby agree that:
