Medchem (P.R.), Inc. - Page 63




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               ninety (90) day period prior to the effective                          
               termination of this Agreement so that MedChem [P.R.]                   
               may maintain sufficient inventory to continue normal                   
               sales activity while it commences operation at the                     
               MedChem [P.R.] Plant. * * *                                            
                         5.4  Orders and Quarterly Updates.  Within a                 
               reasonable time after the date of this Agreement, and                  
               at least 15 days prior to January 1, April 1, July 1                   
               and October 1 of each year thereafter, MedChem [P.R.]                  
               shall furnish to Alcon [P.R.] (i) a binding order for                  
               Avitene to be processed and Delivered by Alcon [P.R.]                  
               on a date of Delivery specified by MedChem [P.R.],                     
               which will allow Alcon [P.R.] at least 30 days from the                
               date of receipt of such Order before such Delivery is                  
               required, and (ii) a forecast of MedChem[ P.R.]’s                      
               projected requirements of Avitene for the three                        
               calendar months following the calendar quarter covered                 
               by the relevant Order * * *.  Alcon [P.R.] shall                       
               Deliver the specified quantity and type of Avitene                     
               within not more than seven days after the Delivery date                
               specified in the Order.  It is understood and agreed                   
               that in the event Alcon [P.R.] is unable or unwilling                  
               through no fault of MedChem [P.R.] to process Avitene                  
               ordered by MedChem [P.R.] in the amount forecast and/or                
               ordered, MedChem [P.R.] is free, without thereby                       
               restricting any rights or remedies it may have against                 
               Alcon [P.R.] as a result of such nonperformance                        
               hereunder, to seek the contract services of third                      
               parties to process the incremental quantities which                    
               Alcon [P.R.] is unable or unwilling to provide.                        
                         5.5.  Invoices.  Alcon [P.R.] shall submit to                
               MedChem [P.R.] an invoice as soon as practicable after                 
               delivery of Avitene to MedChem [P.R.].  Such invoice                   
               shall specify the amount and type of Avitene Delivered                 
               pursuant to the relevant Order, the date of shipment,                  
               and the Processing Cost, and a calculation of the                      
               Processing Fee allocable to the Order.                                 
                         *    *    *    *    *    *    *                              
                    6.  Packaging and Labeling.                                       
                         6.1  Design of Package.  MedChem [P.R.] shall                
               be responsible for preparing and providing to Alcon                    
               [P.R.] labeling copy and/or artwork, as appropriate,                   
               for Avitene, and MedChem [P.R.] hereby warrants that                   





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Last modified: May 25, 2011