1
CERTAIN PORTIONS OF THIS EXHIBIT, DESIGNATED BY AN ASTERISK, HAVE BEEN OMITTED
IN RELIANCE ON RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
AND A COPY OF THE UNREDACTED EXHIBIT HAS BEEN SUBMITTED TO THE SECURITIES AND
EXCHANGE COMMISSSION
EXHBIT 10.47
BULK PHARMACEUTICAL SALES CONTRACT
This CONTRACT (the "Contract"), dated September 23, 1994 between
AEROJET-GENERAL CORPORATION, an Ohio corporation ("Aerojet"), and GUILFORD
PHARMACEUTICALS INC., a Delaware corporation ("Buyer").
WHEREAS, Buyers desires to purchase from Aerojet and Aerojet desires
to sell to Buyer bulk pharmaceuticals ("Products").
NOW, THEREFORE, in consideration of the mutual provisions herein
contained and other valuable consideration, Aerojet and Buyer hereby agree as
follows:
Article 1: General Terms
This document shall become a Contract when signed by both parties and received
by Seller. This document and attached specifications ("Specifications") hereby
incorporated by reference, constitute the entire agreement between the parties
with respect to the sale and purchase of the Products.
Article 2: Terms and Conditions of Sale
2.1 Acceptance by Buyer: Nothing contained in any other agreement
or document which Buyer submits to Aerojet in connection with the purchase of
Products will be deemed to be incorporated herein or to modify, supplement or
explain any terms or conditions contained in this Contract, which shall
exclusively govern the purchase and sale of Products. Seller accepts no term
or condition not set forth herein and specifically rejects any terms or
conditions of Buyer which conflict with, add to, or differ from the terms and
conditions set forth herein.
2.2 Modification: No term, condition, prior course of dealing,
course of performance by Aerojet, or Buyer, usage of trade, legend, purchase
order, order acceptance or other document purporting to modify, vary,
supplement or explain any provision of this Contract shall be effective unless
in writing, which (a) specifically refers to and states that it is intended to
amend this Contract and (b) is signed by representatives of both parties
authorized to amend this Contract. Any reference by Aerojet to Buyer's
specification and similar requirements is only to describe the products covered
hereby and no warranties or other terms contained in such documents of Buyer
shall have any force or effect. Catalogs, circulars and similar publications
of Aerojet are issued for general information purposes only and shall not be
deemed to modify any provision hereof.
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CERTAIN PORTIONS OF THIS EXHIBIT, DESIGNATED BY AN ASTERISK, HAVE BEEN OMITTED
IN RELIANCE ON RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
AND A COPY OF THE UNREDACTED EXHIBIT HAS BEEN SUBMITTED TO THE SECURITIES AND
EXCHANGE COMMISSSION
2.3 Quantities and Prices: Aerojet hereby sells and Buyer hereby
purchases the following Products, for the price specified below (exclusive of
all taxes) and upon the terms and conditions stated in this Contract:
Unit Extended
Quantity Product Price Price
-------- ------- ----- -----
[ * ] BCNU N/A $[ * ]
-
Total Price $[ * ]
=
Article 3: Delivery, Acceptance, Prices and Other Charges
3.1 Delivery: Deliveries shall be made in accordance with the
quantities and schedule specified in Aerojet's quotation and will be made
F.O.B. Aerojet's plant. Aerojet reserves the right to make deliveries prior to
the scheduled delivery date. Aerojet will deliver the Products to Buyer in
accordance with the following schedule:
Quantity Product Delivery Date
[ * ] BCNU [ * ]
3.2 Packing and Freight: Aerojet will pack Products for shipment
to Buyer in accordance with applicable law and good shipping practices. Buyer
will be responsible for arranging and paying for all freight handling,
insurance and transportation expenses. Buyer shall notify Aerojet of such
arrangements prior to the delivery date specified on the date of this Contract.
3.3 Acceptance and Title: Title and risk of loss with respect to
Products shall pass to Buyer upon delivery to Buyer at Aerojet's plant. Buyer
will be deemed to have accepted the shipment of Products 30 days after delivery
to Buyer unless Buyer notifies Aerojet in writing within such 30 day period
that Buyer is rejecting a shipment of Products, together with a full
description of the reasons for such rejection. Buyer's rejection of a shipment
of Products is limited solely to failure to meet Specifications which
substantially impair the value of the Products. There shall be no revocation
of acceptance.
3.4 Invoices and Payments: Buyer shall pay to Aerojet the
purchase price for Products and any other amount due hereunder within (30) days
after the date of the invoice. Aerojet shall issue the invoice upon delivery
of the Product(s). If Buyer has not paid the invoice with thirty (30) days,
Buyer shall pay interest on any unpaid amounts at the rate of 1-1/2% per month
or the maximum rate allowed by law. All payments due by Buyer to Aerojet are
to be paid in full without discount, set off or other reductions. All payments
shall be made in U.S. dollars.
3.5 Taxes: Buyer will pay Aerojet for of all federal, state,
municipal or other governmental taxes (including but not limited to sales, use,
excise, value added, and like taxes but excluding any income, franchise or
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CERTAIN PORTIONS OF THIS EXHIBIT, DESIGNATED BY AN ASTERISK, HAVE BEEN OMITTED
IN RELIANCE ON RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
AND A COPY OF THE UNREDACTED EXHIBIT HAS BEEN SUBMITTED TO THE SECURITIES AND
EXCHANGE COMMISSSION
other taxes based upon the revenue or income of Aerojet), now or hereinafter in
effect, which Aerojet may be required to pay or collect upon the sale of
Products to Buyer hereunder; provided that, if Buyer furnished to Aerojet a
resale certificate or other writing which lawfully exempts Buyer's purchase of
such Products from any applicable sales, use or other taxes. Buyer will have
no obligation to pay any such taxes to Aerojet. Buyer also shall pay all
increases in Aerojet's cost resulting directly from any changes in governmental
regulation and/or legislation after this Contract is signed by both parties and
received by Aerojet.
Article 4: Warranties by Aerojet
4.1 Title: Aerojet warrants that, as of the time of delivery as
herein provided, title to Products will pass to Buyer free and clear of all
liens, charges, encumbrances and other restrictions; provided that Aerojet
hereby reserves a vendor's security interest in Products delivered hereunder to
secure performance of Buyer's obligations hereunder.
4.2 Defects: Aerojet warrants to the Buyer that the Products
supplied hereunder will conform to the Specifications at the time of delivery.
Buyer shall provide Aerojet with written notice of any breach of the warranty
set forth in this Section 4.2 within thirty (30) calendar days of the delivery.
Buyer's failure to provide timely written notice to Aerojet of any alleged
breach of such warranty shall fully and completely release and discharge
Aerojet from any obligations or liability for that breach of warranty. Tthe
foregoing warranty extends only to Buyer and to no other entity or person. THE
FOREGOING WARRANTY SHALL NOT COVER AND AEROJET MAKES NO WARRANTIES WITH RESPECT
TO: (A) ANY PRODUCTS THAT HAVE BEEN SUBJECT TO: (i) ABUSE, MISUSE,
MISAPPLICATION, NEGLECT, ALTERATION OR ACCIDENT; OR (ii) TO ABNORMAL CONDITIONS
OF USE; OR (B) ANY MATERIALS, PARTS, GOODS OR OTHER COMPONENTS NOT SUPPLIED BY
AEROJET WHICH ARE USED BY BUYER IN CONNECTION WITH THE PRODUCTS.
4.3 Correction: Buyer's exclusive remedy upon any breach of the
warranty in Section 4.2 shall be the replacement by Aerojet of the defective
Product(s). If requested by Aerojet, Products alleged to be defective shall be
returned by Buyer to Aerojet at Aerojet's expense. No Products shall be
returned to Aerojet without Aerojet's prior written authorization. If Aerojet
determines that any Products so returned are not covered by the warranty set
forth in Section 4.2, Aerojet reserves the right to charge Buyer for all costs
and expenses incurred by Aerojet in transporting, examining and handling such
Products.
4.4 Limitation of Rights and Remedies: THE WARRANTIES CONTAINED
IN THIS ARTICLE 4 ARE THE EXCLUSIVE WARRANTIES MADE BY AEROJET IN RESPECT OF
THE PRODUCTS, AND ALL OTHER WARRANTIES RELATION THERETO, EXPRESS OR IMPLIED,
INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY AND FITNESS FOR
A PARTICULAR PURPOSE AND WARRANTIES AGAINST INFRINGEMENT, HEREBY ARE WAIVED BY
BUYER AND EXCLUDED. ANY CLAIM BY BUYER THAT THE PRODUCTS ARE DEFECTIVE MUST BE
ASSERTED WITHIN NINETY (90) DAYS OF DELIVERY OR SHALL BE DEEMED WAIVED.
Article 5: Safety Precaution and Buyer's Liability
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CERTAIN PORTIONS OF THIS EXHIBIT, DESIGNATED BY AN ASTERISK, HAVE BEEN OMITTED
IN RELIANCE ON RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
AND A COPY OF THE UNREDACTED EXHIBIT HAS BEEN SUBMITTED TO THE SECURITIES AND
EXCHANGE COMMISSSION
5.1. SAFETY PRECAUTIONS: The Products may be toxic, hazardous or
contain hazardous constituents, or otherwise pose risk of hazard, and Buyer has
undertaken its own investigation of such matters. Buyer acknowledges that the
safe use, handling, transportation and/or disposal requires qualified personnel
with requisite skills, training and experience. Buyer shall provide all means
appropriate to train and protest all employees, agents, and third parties from
injury which may result from transportation, use, processing, incorporation
into other goods or disposal of the Products. Buyer shall strictly comply with
all laws and regulations affecting the Products or Buyer's sale or use thereof,
including, without limitation, laws relating to product liability, protection
of the environment and employee safety.
5.2 Assumption of Liability: Buyer hereby assumes responsibility
for: (a) having qualified personnel with requisite skills, training and
experience to work with the Products, (b) the suitability of such Products for
the use intended by the Buyer; (c) identifying and issuing and following all
required instructions, labeling requirements and warnings concerning the sale,
use, transportation, processing, incorporation into other goods or disposal
thereof and complying with all federal, state and local laws, ordinances,
rules and regulations with respect thereto; and, (d) all liability to third
persons with respect thereto.
5.3 Remedies: AEROJET'S TOTAL LIABILITY ON ALL CLAIMS OF ANY KIND,
WHETHER AS A RESULT OF BREACH OR CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE
OR PATENT INFRINGEMENT), STRICT LIABILITY OR OTHERWISE, ARISING OUT OF
CONNECTED WITH, OR RESULTING FROM, THE PERFORMANCE OR NON-PERFORMANCE OF THIS
CONTRACT, OR FROM THE MANUFACTURE, SALE, DELIVERY, RESALE, REPAIR OR
REPLACEMENT OF USE OF ANY PRODUCTS OR THE FURNISHING OF ANY SERVICES, SHALL NOT
EXCEED THE PRICE ALLOCABLE TO THE PRODUCTS OR SERVICES WHICH GIVES RISE TO THE
CLAIMS, EXCEPT AS TO TITLE, ANY AND ALL LIABILITY BY AEROJET SHALL TERMINATE
UPON THE EXPIRATION OF THE WARRANTY SPECIFIED IN CLAUSE 4.
OTHER PROVISIONS HEREOF NOTWITHSTANDING, THE REMEDIES AVAILABLE TO
BUYER UNDER THIS CONTRACT ARE THE EXCLUSIVE REMEDIES OF BUYER WITH RESPECT TO
THE PRODUCTS, AND ALL OTHER REMEDIES IN RESPECT THERETO, WHICH OTHERWISE WOULD
BE AVAILABLE TO BUYER, ARE WAIVED BY BUYER AND EXCLUDED.
IN NO EVENT, WHETHER AS A RESULT OF BREACH OF CONTRACT, WARRANTY, TORT
(INCLUDING WITHOUT LIMITATION, NEGLIGENCE), STRICT LIABILITY OR OTHERWISE, AND
WHETHER ARISING BEFORE OR AFTER DELIVERY, SHALL AEROJET OR ITS SUPPLIERS BE
LIABLE FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, INDIRECT, PUNITIVE OR
EXEMPLARY DAMAGES, INCLUDING, BUT IN NO WAY LIMITED TO, COVER, LOSS OF PROFIT
OR REVENUE; LOSS OR USE OF SUPPLIES OR ANY ASSOCIATED EQUIPMENT; COST OF
CAPITAL; COST OF SUBSITUTE FACILITIES OR SERVICES; DOWNTIME COSTS; COST OF
PURCHASED OR REPLACEMENT SUPPLIES; CLAIMS OF CUSTOMERS OF BUYER FOR SUCH
DAMAGES.
ANY ACTION AGAINST AEROJET PERMITTED UNDER THIS CONTRACT AND NOT
BROUGHT WITHIN 12 MONTHS AFTER THE CAUSE OF ACTION ACCRUES SHALL BE DEEMED
WAIVED BY
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5
CERTAIN PORTIONS OF THIS EXHIBIT, DESIGNATED BY AN ASTERISK, HAVE BEEN OMITTED
IN RELIANCE ON RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
AND A COPY OF THE UNREDACTED EXHIBIT HAS BEEN SUBMITTED TO THE SECURITIES AND
EXCHANGE COMMISSSION
BUYER. IF BUYER TRANSFERS TITLE TO OR LEASES THE SUPPLIES SOLD HEREUNDER TO,
OR OTHERWISE PERMITS OR ALLOWS USE BY, ANY THIRD PARTY A PROVISION AFFORDING
AEROJET AND ITS SUPPLIERS THE PROTECTION OF THE PRECEDING SENTENCE.
Article 6: Indemnification and Insurance
6.1 Insurance: Buyer, at its own expense, will maintain, with
insurers which are rated A- or better by A.M. Best, a Pharmaceutical Products
Liability insurance program in the amount of $5,000,000. Buyer will cause (a)
Aerojet to be named as an additional insured under such liability insurance
policy or policies, (b) such insurance to be designated as primary to any
insurance which may be carried by Aerojet, and (c) such insurance to provide
that it can only be canceled or materially altered upon not less than thirty
(30) days notice to Aerojet. Buyer shall not asset against Aerojet and hereby
waives any and all claims against Aerojet for losses, damages, liability,
judgements, costs and expenses (including attorney's fees) imposed upon or
incurred by Buyer as a result of or arising out of any claim covered by such
insurance to the extent of such coverage and Buyer shall cause such insurance
to provide that the insurer shall have no right of subrogation against Aerojet
or its officers, directors, employees, agents or assigns.
6.2 Insurance Certificates: Prior to issuing the first purchase
order to Aerojet and from time to time thereafter as required by Aerojet, Buyer
shall furnish Aerojet with an insurance certificate(s) evidencing compliance
with Section 6.1 above.
6.3 Indemnity: Notwithstanding the existence or lack of
insurance, Buyer shall defend, indemnify and hold Aerojet harmless from any and
all losses, claims, demands or suits by third parties, including but not
limited to claims by those from Buyer's employees and customers, for bodily
injury (including death) or property damage, however arising out of, or related
in any way, to Buyer's possession, use, sale, distribution, processing
shipment, storage or disposal of the Products or any derivative thereof,
including reasonable attorney's fees and costs. Buyer shall have the duty to
defend against any losses, claims, damages or suits notwithstanding any
allegations about the type of extent of Aerojet's negligence.
6.4 Costs & Expenses: The indemnities in Paragraph 6.3 of this
Clause include all costs and expenses reasonable required to investigate and to
defend any such claim or action, any amount paid or required to be paid to
settle such claim or action, or any amount finally awarded by a court as
damages or otherwise in any such action, provided that nether party will have
an obligation to pay or to reimburse the other party for the amount of any
internal expenses (including, but not limited to, compensation paid to its
employees) that it may incur in connection with its cooperation in the
investigation and/or defense of such claim or action.
6.5 Limitation of Liability: IN NO EVENT SHALL AEROJET HAVE ANY
LIABILITY TO BUYER HEREUNDER OR OTHERWISE FOR ANY LOSS OF PROFITS, COST OF
COVER OR ANY SPECIAL CONSEQUENTIAL, INCIDENTAL, INDIRECT OR PUNITIVE DAMAGES,
HOWEVER CAUSED, WHETHER BY AEROJET'S BREACH OF ANY EXPRESS OR IMPLIED WARRANTY,
NEGLIGENCE, STRICT LIABILITY UNDER LAW OR OTHERWISE.
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CERTAIN PORTIONS OF THIS EXHIBIT, DESIGNATED BY AN ASTERISK, HAVE BEEN OMITTED
IN RELIANCE ON RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
AND A COPY OF THE UNREDACTED EXHIBIT HAS BEEN SUBMITTED TO THE SECURITIES AND
EXCHANGE COMMISSSION
6.6 Patent Indemnity: Buyer will defend, indemnify and hold
Aerojet harmless, in respect of any loss, liability, damage, judgement, cost,
or expense (including attorney's fees) arising from any claim of patent
infringement directly or indirectly related to Buyer's use of Products by way
of combination with other substances, products or components. Buyer, at its
expense, will defend any claim or legal proceeding within the foregoing
indemnity which is brought against Aerojet and/or Buyer and Buyer will pay any
judgement finally awarded in any such legal proceeding; provided that, Aerojet
promptly gives Buyer notice of such claim or legal proceeding asserted against
Aerojet, furnishes a copy of all documents and instruments served upon Aerojet
in connection therewith and reasonably cooperates with Buyer in such defense.
6.7 Survival: The provisions of this Clause shall survive the
expiration and/or termination of this Contract.
Article 7: Termination
7.1 Default: Either party will be deemed in default of its
obligations under this Contract if: (a) such party fails to pay any sum of
money required to be paid hereunder by such party within the (10) days after
notice from the other party that such sum was not paid when due and payable;
(b) such party fails to perform any other material obligation required to be
performed hereunder by such party within sixty (60) days after notice from the
other party that such obligation was not performed at the time herein specified
for performance, or if notice is specified within sixty (60) days after such
notice: (c) such party becomes insolvent, is unable to pay its debts as they
become due, makes an assignments for the benefit of creditors, or files a
petition in any state insolvency proceeding or in any federal bankruptcy
proceeding; or (d) a receiver or liquidator is appointed for any of such
party's properties or assets, or a petition is filed against such party to
appoint a receiver or liquidator and such receiver or liquidator is not
discharged, or such petition is not withdrawn, within ninety (90) days after
such appointment or filing.
7.2 Excusable Delay in Performance: Aerojet will not be deemed in
default of its obligations under this Contract if its failure to perform any
such obligations arises from causes beyond its reasonable control and the time
for performance of such obligation will be extended for a period equal to the
number of days of such delay. Such causes include, but are not limited to,
acts of God, a public enemy or government, failure to obtain any and all
necessary government approvals, fires, floods, earthquakes, epidemics,
quarantine restrictions, strikes, freight embargoes, unusually sever weather
and the default of shippers. Aerojet will use reasonable efforts to give Buyer
notice of any such cause which will or is likely to result in any delay in its
performance of any of its obligations hereunder.
Article 8: Miscellaneous
8.1 Headings: The headings and titles to the Articles and Sections
of this Contract are inserted for convenience only and shall not be deemed a
part hereof or affect the constructions or interpretation of any provision
hereof.
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CERTAIN PORTIONS OF THIS EXHIBIT, DESIGNATED BY AN ASTERISK, HAVE BEEN OMITTED
IN RELIANCE ON RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
AND A COPY OF THE UNREDACTED EXHIBIT HAS BEEN SUBMITTED TO THE SECURITIES AND
EXCHANGE COMMISSSION
8.2 Waiver: No waiver of any right or remedy in respect of any
occurrence or event on one occasion shall be deemed a waiver of such right or
remedy in respect of such occurrence or event on any other occasion.
8.3 Entire Contract: This Contract contains the entire agreement
of the parties with respect to the subject matter hereof.
8.4 Controlling Law: All questions concerning the validity and
operation of this Contract and the performance of the obligations imposed upon
the parties hereunder shall be governed by the laws of the State of California,
exclusive of laws relating to the conflicts of law. Any dispute arising under
this Contract that is not settled by agreement of the Parties shall be
submitted to the exclusive jurisdiction of the courts of the State of
California. Each of Buyer and Aerojet waives its right to a jury trial in any
dispute arising under this Contract.
8.5 Counterparts: This Contact has been executed in several
counterparts, each of which shall be deemed to be an original, and all such
counterparts together shall constitute but one and the same instrument.
8.6 Attorney's Fees: If either Aerojet or Buyer institutes any
suit against the other to enforce any right hereunder, the party prevailing in
such suit will be entitled to recover from the other party an amount which the
court determines is a reasonable attorney's fees.
8.7 Assignment: Neither party may assign its rights nor delegate
its duty to perform all of any part of this Contract without the prior written
consent of the other party. Any purported assignment or delegation in
violation of this Contract will be null and void.
8.8 Notices: Any notice, communication or statement required or
permitted to be given hereunder shall be in writing and deemed to have been
sufficiently given:: (a) if sent by hand or overnight courier, upon delivery
thereof, (b) if sent by facsimile transmission, upon confirmation of receipt of
such facsimile, and (c) if sent by mail, three (3) days after having been sent
by registered or certified mail, postage prepaid, return receipt requested, to
the address of the respective parties below:
If to Aerojet:
Xx. Xxxxxxxx Xxxxxxxxxx
Aerojet-General Corporation
XX Xxx 00000
Xxxxxxxxxx, Xx 00000-0000
Telefax: (000) 000-0000
If to Guilford:
Xx. Xxxx X. Xxxxxxx
Vice President, Operations
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CERTAIN PORTIONS OF THIS EXHIBIT, DESIGNATED BY AN ASTERISK, HAVE BEEN OMITTED
IN RELIANCE ON RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
AND A COPY OF THE UNREDACTED EXHIBIT HAS BEEN SUBMITTED TO THE SECURITIES AND
EXCHANGE COMMISSSION
Guilford Pharmaceuticals Inc.
0000 Xxxxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Telefax: (000) 000-0000
8.9 Severability: If any Section, subsection, sentence or clause
of this Contract shall be adjudged illegal, invalid or unenforceable in any
jurisdiction, such illegality, invalidity or unenforceability shall not effect
the legality, validity or enforceability of this Contract in any other
jurisdiction or as a while or of any Section, subsection, sentence or clause
hereof not so adjudged. In the event that any provision of this Contract shall
be finally determined by a court of competent jurisdiction to be unenforceable
to the maximum extent permitted by law and the parties shall abide by such
court's determination. If such provision cannot be reformed, such provision
shall be deemed to be severed from this Contract, but every other provision of
this Contract shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Contract as of the
date and year first shown hereinabove.
AEROJET-GENERAL CORPORATION
---------------------------
By: /s/ Xx. Xxxxxxxx Xxxxxxxxxx
-------------------------------
Name:Xx. Xxxxxxxx Xxxxxxxxxx
-----------------------------
Title: Contract Manager
----------------------------
GUILFORD PHARMACEUTICALS INC.
By: /s/ Xxxx X. Xxxxxxx
-------------------------------
Name: Xxxx X. Xxxxxxx
----------------------------
Title: Vice President, Operations
----------------------------
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