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, ..I AGREEMENT FOR CONTRACT MANUFACTURING
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PART ONE: HIRAL LABS LIMITED ( to be addressed a& T~ COMPANY)
represented by Mr. Haider Ali Saiyed, Director of the company, having.its regis
_· tered
ofAce at 26, Shah-e-Alam Society, Nr. N. V. Patel School, Shah-e-Alam, Ahmedabad-28
pharma formulation manufacturing . unit near Roorkee, Uttrakhand, and shall

l inl!lude its subsidiaries, legal representa~ves and authorized concerns.

Ph T TWO: M/s. BIOVION PH.ARMA PVT LTD(to ·be addressed as THE

Mf\RKETING FIRM) represented by Mr. Syed SajjadAli S/o Syed RiyasatAliDirector
of\he firm/company, having its office at PLOT NO. RH-57/02, BAJAJNAGAR, MIDC
W. LUJ, AURANGABAD-431136, MAHARASHTRAand pharmaceutical whole sale
lici nse at the address of Shop no. 5&6, Low,er Gro~nd Floor, Plot no. RH-57.,1)2, MIDC,
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 Bajajnagar, Waluj-431136, Aurangabad, Maharashtraand shall include its heirs,
subsidiaries, legal representatives and authorized concerns.

HIRAL LABS LIMITED is manufacturer of pharmaceutical formulations having spare

capacity to manufacture pharmaceutical goods & M/S. BIOVION PHARMA PVT
LTDis marketer of pharma goods having marketing set up in India. Marketing firm is
desirous get pharma goods manufactured for marketing and the company is ready to

-November of the year j

manufacture pharma goods and hence this agreement is enacted on this 51Hday of
unde,;

1. Nature of transaction & legal relationship between the company . and the
marketing firm shall be that of seller and buyer. ·
2. Marketing firm will provide brand names and composition of the products to be
manufactured and company will manufacture the said products to be marketed
by marketing firm.
3. Marketing firm will be the ·owner of the brand names and ·HIRAL LABS
LIMITED (the company) shall not manufacture any goods in the said brand
names for any other concern in India durirtg-op.eration of this agreement, except
as indicated in clause 9.
4. In case of any dispute or claim regarding Brand names/Trade names with any
third party all liabilities- legal and financial, expenses etc. shall be ·solely_of the
marketing firm and marketing firm. If manufacturer suffers any losses ont 6·
account of such dispute then marketing firm shall compensate all losses incurred ~O
by the company in this regards. . ~ ·
5. Responmbility regarding manufacturing quality of the products .a s per drug and *
·c osmetic act shall be that of the Company: Marketing company will be \ R•~

responsible for storage of products at all selling points as per label claim. \ 0_,,,, _
6. Company will affix MRP as requested by the marketing firm. Responsibility of
providing appropriate MRP taking into consideration provisipns of Drug Price
Control Order or any other law prevalent in the country shall be that of the
marketing firm. Once product is delivered to marketing firm and then after ceiling price
of product is declared by NPP A, then responsibility to affix stickers of MRP as per
declared ceiling prices as well as providing revised prices list in From-Vat all selling
points will be that of marketing firm. Marketing firni shall be solely responsible to ensure
that at all selling points product is sold in accordance with :provisions of declared ceiling
price case where ceiling price is either declared or -changed after delivery of products
by the manufacturer. Any legal, statuary or financial liabilityincluding but not
limited to recovery of overcharged amount by any authority arising due to
happening of any of the above stated events, lapse, non-compliance of provisions
of law etc. shall be solely of marketing firm and for the purpose of DPCO
marketing firm agrees to be considered as manufacturer. Any losses suffered,
expenses incurred, monetary and/ or otherwise by the manufacturing company
shall be compensated by the marketing firm. - -r
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 Produc~on and delivery time of goods, sale price of products and payment
terms will be as mutually agreed time to time.
8. Products once ready are to be lifted by the marketing firm from the
~ufacturing site of the company within 7 days of intimation of the same,
failing so marketing firm shall be liable to pay complete cost of products and
storage charges if any. If goods are not lifted within 30 days for whatsoever
r~asons ~en company will have right to dispose of the same in manner it deems
fit and claim losses suffered on this behalf from marketing firm.
9. If any dues are unrealized whether during continuation of this agreement or
after termination of agreement then company will have all right to recover
pending dues by disposing off un-lifted material of marketing firm as it deems
fit. Further more in such event company may manufacture, sell or market the
brand name products (even if brand names are trade mark registered in the
name of marketing firm) of the marketing firm as it deems fit, if dues are not
paid within 30 days of demand raised by the company. These actions are in
addition to other legal recourse available to the company.
10. This agreement is for Syears and will be extended unless cancelled for next 5
years without modification. However parties may anytime during the life of this
agreement may modify terms of the agreement in writing as may be mutually
agreed.
11. That all disputes and conflicts under this agreement shall be subject to
~ . Jurisdiction of ROORKEE court only.
lAfry ._

. V

0 t · igned & Sealed 1. Witness

-- __,. ·· By the Company
(PART ONE)

a,~- 2. Witness
~ Sealed
By the Marketing Firm
(PART TWO)
·SIOVl0N PHARMA PRIVATE U~~iTEO