AGREEMENT
This Agreement is made this 1" January 2011 at Mumbai, between M/s. Infugen
Pharma Pvt. Ltd. 606 Ratan Galaxie, Near Mehul Cinema, J.N. Road Mulund
West, Mumbai - 400 080. (Wherein after called the first party) & M/s. MEDO
PHARM PVT LTD, 50 KAYARAMBEDU VILLAGE, GUDUVANCHERY 603 202
KANCHIPURAM DIST. TN . (Wherein after called the second party).
Whereas the second party has decided to manufacture the products of first party
& mutually agreed on the following terms & conditions:
1. That the second party will manufacture the below mentioned products for
the first party as per mutually agreed rates.
INFUMOX CV 625 MG TAB 10°
{ Amoxicillin 500 mg + Clavulanate potassium 125 me )
2. The second party will not sell the above mentioned branded products to
any other party than first party.
w
. That the ownership rights of the brand names. Logo, Trade Mark affixed on
this products will rest solely with the first party.
4. The first party will make payments to the second party as per mutually
agreed terms. The second party shall not be responsible for the unsold
stocks,
5. In the event of any batch of the products being declared as not of
Standards Quality by the Government Analyst, it will be joint responsible of
both the first party as well as second party for total withdrawal of the
particular batch of the product from the supply chain. The first party shall
inform to the second party immediately total distribution particulars of thatparticular batch of the products so that second party can initiate
withdrawal.
6. The second party shall be fully responsible for compliance of rules &
regulations of central excise. In the event of any dispute with regard to
payment of taxes including Excise Duty, the second party will represent the
matter with the relevant authorities in consultation with the first party
However, in the event of any liability for additional payment of any taxes
and or penalty/interest, the same will be borne by first party.
“
. The transactions between first party and second party will be on principal
to principal basis,
0
. Nothing herein contained shall constitute or be deemed to or is intended to
constitute second party as an agent of first party.
9. Nothing contained in this agreement shall be deemed to constitute
partnership between the parties hereto.
10.The second party will arrange for all the inputs required on its own.
11.The first party will get stock manufactured exclusively from and/or through
second party only.
12.This agreement is valid till mutual consent & can be terminated either
party with prior three months notice in writing.
13.Subject to Mumbai Jurisdiction.
For INFUGEN PHARMA PVT. LTD. For MEDO PHARM PVT LTD
For
| PAA
Le
\ (Sandeep'Bhate) “isnetory
Director(APPENDIX — 1)
TERMS OF PAYMENT
As agreed the payment will be made by the first party to the second party with
45 days PDC from the date of invoice of a single specific purchase.
(PorINFUGEN PHARMA PVT. LTD, \\ For MEDOPHARM PVT. LTD.
LUA
| MR. SANDEEP BHAT!
| DIRECTOR
MR. V. ANAND
VICE PRESIDENT - EXPORT!