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Document Preview Distribution and Licensing Agreement [Amendment No. 2] |
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Title: |
Distribution and Licensing Agreement [Amendment No. 2] |
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Date: |
2000 |
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Preview shows 3KB of 11KB total |
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$36 |
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ID: |
#308339 |
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AMENDMENT NO. 2 TO DISTRIBUTION AND LICENSING AGREEMENT
THIS AMENDMENT, made and entered into as of the 28th day of September,
2000, by and among KAMAR, INC., a Colorado corporation, together with any
subsidiaries or other affiliates (collectively, "Kamar"), IMMUCELL CORPORATION,
a Delaware corporation ("ImmuCell"), and KAMAR MARKETING GROUP, INC., a Colorado
corporation and a wholly-owned subsidiary of ImmuCell ("KMG"). ImmuCell and KMG
are sometimes hereinafter referred to collectively as "ImmuCell/KMG."
WITNESSETH:
WHEREAS, Kamar, ImmuCell and KMG are parties to a certain Distribution
and Licensing Agreement dated as of December 3, 1993, as amended by Amendment
No. 1 to Distribution and Licensing Agreement dated as of July 1, 1998 (the
"Agreement"); and
WHEREAS, Kamar, ImmuCell and KMG desire to amend the Agreement in
certain respects to provide for, among other things, the rendering by Kamar of
marketing services in connection with the sale of the Detectors and a further
extension of the term of the Agreement;
NOW, THEREFORE, in consideration of the mutual covenants set forth
herein and other good and valuable consideration, the receipt whereof is hereby
acknowledged, the parties hereto agrees as follows:
1. Paragraph 1.02 of the Agreement is amended by adding the
following new sentence at the end thereof:
"ImmuCell/KMG hereby appoints Kamar as a marketing and sales
representative to solicit orders for Detectors for sale by
ImmuCell/KMG. The parties understand and agree that Kamar may
provide the marketing and sales services to be provided to
ImmuCell/KMG under this Agreement through its subsidiary,
Kamar Products, LLC."
2. Paragraph 1.03 of the Agreement is hereby amended by adding
the following new Paragraph 1.03(c) thereto:
"Kamar shall use its best efforts to have Kamar Products exert
its best efforts to market and assist ImmuCell/KMG to sell the
maximum number of Detectors. Such efforts shall include,
without limitation, the hiring of a full-time person by Kamar
Products to direct the marketing campaign, which person shall
initially be Mr. Stafford C. Walker."
3. Paragraph 1.04(a) of the Agreement is amended by deleting the
works "market and" from such paragraph.
4. Paragraph 1.04(b) of the Agreement is amended by adding the clause
"and continuing through 2000" following the clause "Beginning in 1994" in the
first line of such paragraph.
5. Paragraph 1.04(b) of the Agreement is further amended by
adding the following sentence at the end thereof:
"Beginning in 2001, ImmuCell/KMG shall expend a minimum amount
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