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Buy-Out Agreement

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Title:

Buy-Out Agreement

Entities:

Matrixx Initiatives, Inc.

Date:

2004

Size:

Preview shows 1KB of 6KB total

Price:

$38

ID:

#319044

► M&A ► Miscellany ► Buy-Out Agreements
► Biotech & Drugs ► Pharmaceutical Preparations

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                                BUY-OUT AGREEMENT



         THIS BUY-OUT AGREEMENT (this "Agreement") is made and entered into, as

of this 30 day of December, 2003 (the "Effective Date"), by and between Matrixx

Initiatives, Inc. (formerly Gum Tech International, Inc.) ("Matrixx") and Gary

Kehoe ("Kehoe"), who are collectively referred to herein as the "Parties."



                                    RECITALS



         A. Kehoe was formerly employed by Mattrix and is currently a Consultant

to Matrixx pursuant to that certain Consulting Agreement, dated June 2, 2000

(the "Consulting Agreement").



         B. The Parties desire to terminate the consulting relationship and

release Matrixx of any future obligations to Kehoe.

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