EXHIBIT 10.18
MASTER CONSULTING SERVICES AGREEMENT
THIS MASTER CONSULTING SERVICES AGREEMENT (the "AGREEMENT") is made and
entered into as of February 9, 2004 but is effective as of September 1, 2003
(the "EFFECTIVE DATE") by and between PENINSULA PHARMACEUTICALS, INC., a
Delaware corporation located at 0000 Xxxxxx Xxx Xxxxxxx, Xxxxxxx, XX 00000
("PENINSULA"), and INCLIN, INC., a corporation with an address at 0000 Xx Xxxxxx
Xxxx, Xxxxx X-00, Xxx Xxxxx, XX 00000 ("CONSULTANT").
WHEREAS, Consultant has been performing project management consulting
services for Peninsula pursuant to a Consulting Agreement between Peninsula and
Consultant dated April 1, 2002 (the "APRIL 2002 AGREEMENT"); and
WHEREAS, the parties desire to terminate the April 2002 Agreement and
enter into this Agreement in order to expand the scope of the consulting
services that Consultant will perform for Peninsula, modify the terms on which
Consultant will perform such services, and to provide a mechanism to expand the
scope of consulting services performed by Consultant for Peninsula in the future
if the parties so desire by attaching work orders covering such additional
services to this Agreement.
NOW THEREFORE, in consideration of the mutual obligations set forth
below, the parties hereby agree as follows:
1. WORK ORDERS. From time to time, the parties may agree that Consultant
shall perform certain clinical development services, including project
management, clinical trial site and study management, and essential document
management relating to Peninsula's products and clinical programs (the
"SERVICES") under one or more Work Orders. Each Work Order shall be agreed upon
by the parties on a project-by-project basis, and shall set forth with
specificity the following: (a) the specific Services to be performed by
Consultant for such project; (b) the specific individuals who will be performing
such Services on behalf of Consultant; (c) Consultant's fees for such Services;
(e) the terms on which the Services covered by such Work Order may be
terminated; and (f) all other matters pertinent to the completion of the
Services. The Work Order for each project will be attached hereto and
incorporated herein as a new "Work Order No. _____" as part of Schedule A. Each
Work Order shall expressly reference this Agreement and shall not be effective
until it has been signed by both parties. To the extent that any terms set forth
in a Work Order conflict with the terms of this Agreement, the terms of this
Agreement shall control unless the Work Order specifically references this
Agreement and indicates that the terms of the Work Order shall control. There
shall be no minimum or maximum number of Work Orders that may be attached and
incorporated herein. If Peninsula requests any changes with respect to a
particular Work Order, Consultant will prepare an amended Work Order reflecting
such changes. Upon Peninsula's written approval of the revised Work Order, such
Work Order shall be deemed amended and incorporated herein as part of Schedule
A, and Consultant shall perform the Services for the applicable project in
accordance with such amended Work Order.
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2. PERFORMANCE OF SERVICES. Consultant shall perform the Services for each
project in accordance with the applicable Work Order, Peninsula's instructions,
and the terms and conditions of this Agreement. The specific nature and amount
of the Services to be performed shall be determined by Peninsula during the term
of this Agreement, subject to the minimum hours of Services required (if any) as
set forth in a particular Work Order. Consultant shall perform the Services at
such times as may be mutually agreed upon by Consultant and Peninsula.
Consultant shall provide its own equipment, tools, and other materials required
to perform the Services at its own expense. Consultant shall perform the
Services at its principal place of business, Peninsula's principal place of
business, another Company location, or at other places upon mutual agreement of
the parties. Peninsula will make its facilities and equipment available to
Consultant when necessary. Consultant shall perform the Services in a timely and
professional manner consistent with industry standards, and shall comply with
all applicable laws and regulations in performing the Services.
3. COMPENSATION. Each Work Order shall include the fees for the Services
to be performed by Consultant under such Work Order. Peninsula shall pay
Consultant fees for Services performed under a Work Order based upon the
particular individual performing the Services in accordance with the rates
specified in such Work Order. Unless otherwise agreed by the parties, Consultant
shall provide to Peninsula, on a monthly basis, itemized invoices detailing the
amount and type of Services performed by Consultant under each Work Order during
the applicable month. Each invoice shall be consistent with the fee schedule and
payment terms set forth in the applicable Work Order. Peninsula shall pay each
such invoice within thirty (30) days of receipt unless the parties mutually
agree in writing to different payment terms. Peninsula shall also reimburse
Consultant for out-of-pocket expenses incurred by Consultant in performing the
Services that were pre-approved by Peninsula, provided that such expenses are
supported by written receipts. Peninsula shall not be obligated to pay
Consultant any amounts for the performance of the Services with respect to a
particular project other than the fees set forth in the applicable Work Order
unless the parties otherwise agree. The parties acknowledge and agree that
Peninsula has paid Consultant for all Services performed by Consultant under
Work Order No. 1 attached hereto and incorporated herein during the period
commencing on the Effective Date up through October 31, 2003.
4. NO DEBARRED PERSONNEL. Consultant represents and warrants that it shall
not employ, contract with, or retain any person directly or indirectly to
perform any Services under this Agreement if such a person is under
investigation by the FDA for debarment or is presently debarred by the FDA
pursuant to 21 U.S.C. Section 335a. If, during the term of this Agreement,
Consultant or any person employed or retained by it to perform the Services (i)
comes under investigation by the FDA for a debarment action or disqualification,
(ii) is debarred or disqualified, or (iii) engages in any conduct or activity
that could lead to any of the above-mentioned disqualification or debarment
actions, Consultant shall immediately notify Peninsula of same.
5. NO SOLICITATION. During the term of this Agreement and for one (1) year
after its termination, Consultant will not, whether for its own account or for
the account of any other
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individual, partnership, firm, corporation, or other entity, personally or
through others endeavor to entice away from Peninsula, recruit, solicit for
employment or the performance of services, or otherwise interfere with
Peninsula's relationship with, any person or entity who is, or was within the
immediately preceding one (1) year period, employed by Peninsula.
6. MAINTAINING CONFIDENTIAL INFORMATION.
6.1 CONFIDENTIAL INFORMATION. During the term of this Agreement
and in the course of Consultant's performance hereunder, all information that is
(a) "Confidential Information" (as such term is defined under the April 2002
Agreement), (b) disclosed by or on behalf of Peninsula to Consultant regarding
the Services, or (c) developed or generated by Consultant in the course of
performing Services under a Work Order shall be deemed to be "CONFIDENTIAL
INFORMATION". Confidential Information may include, without limitation, the
following: (i) business or technical information concerning research,
development, technology, commercial plans and strategies, experimental work,
design details and specifications, business operations and systems, marketing
techniques, marketing plans, material pricing policies, financial information,
procurement requirements, purchasing, manufacturing, customer lists, investors,
employees, business and contractual relationships, business forecasts, sales and
merchandising, customers, licensees, vendors, clinical development strategies,
and scientific evaluations, and (ii) any patent, patent application, trade
secret, invention, idea, know-how, procedure, formulation, process, formula,
chemical compound, biological material, assay, or data.
6.2 NON-DISCLOSURE AND NON-USE OF CONFIDENTIAL INFORMATION. All
Confidential Information is the sole and exclusive property of Peninsula.
Accordingly, Consultant agrees not to reproduce any Confidential Information
without the prior written consent of Peninsula, not to use Confidential
Information except in the performance of the Services, and not to disclose all
or any part of the Confidential Information in any form to any third party
without Peninsula's prior written consent except as required to perform the
Services, either during or after the term of this Agreement. In particular,
Consultant shall not file any patent application containing any claim the
subject matter of which is derived from Confidential Information.
6.3 EXCEPTIONS TO CONFIDENTIAL INFORMATION. Confidential
Information shall not be deemed to include information which: (a) is now, or
hereafter becomes, through no act or failure to act on the part of Consultant,
generally known or available; (b) is known by Consultant at the time of
receiving such information as evidenced by its written records; (c) is hereafter
furnished to Consultant by a third party, as a matter of right and without
restriction on disclosure, and outside the scope of Consultant's performance of
Services for Peninsula; or (d) is the subject of a written permission to
disclose provided by Peninsula.
6.4 THIRD PARTY INFORMATION. During the term of this Agreement,
Consultant agrees to properly protect any proprietary information or trade
secrets of Consultant's former or concurrent employers or companies, if any, and
agrees not to bring onto the premises of Peninsula any unpublished documents or
any property belonging to Consultant's former or concurrent employers or
companies unless consented to in writing by said employers or
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companies. Consultant further recognizes that Peninsula has received, and in the
future will receive, from third parties their confidential or proprietary
information subject to a duty on Peninsula's part to maintain the
confidentiality of such information and, in some cases, to use it only for
certain limited purposes. Consultant agrees, both during the term of
Consultant's engagement and thereafter, to hold all such confidential or
proprietary information in the strictest confidence and not to disclose it to
any third party unless Peninsula has given written permission to do so or use it
for the benefit of anyone other than Peninsula.
7. INTELLECTUAL PROPERTY.
7.1 DISCLOSURE OF INVENTIONS. Consultant shall promptly and fully
disclose to Peninsula all ideas, improvements, inventions, know-how, techniques,
and works of authorship, in each case that relate to the composition of matter,
method of using or method of administering Peninsula's products, that are
learned, conceived, or developed by Consultant, either alone or jointly with
others, pursuant to the performance of the Services under this Agreement or the
performance of consulting services under the April 2002 Agreement (the
"INVENTIONS"). Consultant agrees to keep and maintain adequate and current
records (in the form of books, records, notes, sketches, drawings or in any
other form that may be required by Peninsula) of all work performed relating to
the Services, including all proprietary information developed relating thereto,
and such records shall be available to and remain the sole property of Peninsula
at all times.
7.2 OWNERSHIP OF INVENTIONS. Consultant agrees that any and all
Inventions shall be the sole and exclusive property of Peninsula. Consultant
hereby irrevocably assigns to Peninsula all right, title, and interest worldwide
in and to all Inventions and all applicable intellectual property rights related
to the Inventions including, without limitation, copyrights, trademarks, trade
secrets, patent rights, and moral rights. Consultant retains no rights to use
the Inventions and agrees not to challenge the validity of Peninsula's ownership
in the Inventions. If Consultant has any rights to the Inventions that cannot be
assigned to Peninsula, Consultant unconditionally and irrevocably waives the
enforcement of such rights, and all claims and causes of action of any kind
against Peninsula with respect to such rights, and agrees, at Peninsula's
request and expense, to consent to and join in any action to enforce such
rights. If Consultant has any rights to the Inventions that cannot be assigned
to Peninsula or waived by Consultant, Consultant unconditionally and irrevocably
grants to Peninsula during the term of such rights, an exclusive, irrevocable,
perpetual, worldwide, fully-paid, royalty-free license, with rights to
sublicense through multiple tiers of sublicensees, to reproduce, create
derivative works of, distribute, publicly perform and publicly display by all
means now known or later developed, such rights.
7.3 PERFECTING PROPRIETARY RIGHTS. Consultant agrees to assist
Peninsula in every proper way to obtain and enforce United States and foreign
proprietary rights relating to the Inventions in any and all countries. To that
end, Consultant agrees to execute, verify and deliver such documents and perform
such other acts (including appearing as a witness) as Peninsula may reasonably
request for use in applying for, obtaining, perfecting, evidencing, sustaining,
and enforcing such proprietary rights and the assignment thereof. In addition,
Consultant agrees to
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execute, verify, and deliver assignments of such proprietary rights to Peninsula
or its designee. Consultant's obligation to assist Peninsula with respect to
proprietary rights in any and all countries shall continue beyond the
termination of this Agreement, but Peninsula shall compensate Consultant at a
reasonable rate after such termination for the time actually spent by Consultant
at Peninsula's request on such assistance.
7.4 DESIGNATION OF ATTORNEY IN FACT. In the event Peninsula is
unable for any reason, after reasonable effort, to secure Consultant's signature
on any document needed in connection with the actions specified in Section 7.3,
Consultant hereby irrevocably designates and appoints Peninsula and its duly
authorized officers and agents as Consultant's agent and attorney in fact to
execute, verify and file, with the same legal force and effect as if executed by
Consultant, any such documents and to do all other lawfully permitted acts to
further the purposes of the preceding paragraph. Consultant hereby waives and
quitclaims to Peninsula any and all claims of any nature whatsoever which
Consultant now or may hereafter have for infringement of any proprietary rights
assigned to Peninsula.
7.5 PERSONNEL. Consultant shall ensure that each of its employees,
agents, personnel, and any subcontractors performing any part of the Services
shall have a contractual obligation to assign all inventions and intellectual
property rights therein created, discovered, or generated by such personnel as a
result of performing the Services during the term of this Agreement to
Consultant so that Consultant can comply with its obligations under this Section
7, and Consultant shall promptly obtain such assignments.
7.6 LICENSE. Consultant hereby grants to Peninsula a worldwide,
non-exclusive license to use all know-how, processes, standard operating
procedures, data management processes, spreadsheets, tracking forms, and
analytical methods used by Consultant in the performance of the Services solely
for the purpose of Peninsula's drug development programs.
8. NO CONFLICTS. Consultant represents and warrants that it is not a party
to any existing agreement that will be breached by Consultant's performance of
the Services or that conflicts with the terms of this Agreement.
9. TERM AND TERMINATION.
9.1 TERM. This Agreement shall commence on the Effective Date and
shall continue in full force and effect until terminated in accordance with this
Section 9.
9.2 TERMINATION BY PENINSULA. Unless otherwise specified in a
particular Work Order, Peninsula may terminate this Agreement or any individual
Work Order for any reason upon written notice to Consultant. In the event of
such termination by Peninsula, Consultant shall be entitled to full payment for
Services performed up through the date of Consultant's receipt of notice of
termination of an individual Work Order and/or the Agreement as calculated in
accordance with the provisions of this Agreement and/or the applicable Work
Order including, without limitation, all earned fees and other non-cancelable
out-of-pocket expenses of Consultant for such Services; provided, however, that
InClin has used commercially reasonable efforts to
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cancel or otherwise limit such out-of-pocket expenses as of the date on which it
receives notice of termination. Termination of this Agreement shall terminate
all Work Orders, and termination of a Work Order shall terminate the
corresponding Services covered by such Work Order.
9.3 TERMINATION OF AGREEMENT FOR MATERIAL BREACH. Each party may
terminate this Agreement, an individual Work Order, and/or all Services then in
progress if the other party materially breaches this Agreement and such
breaching party fails to cure the breach within thirty (30) days after receipt
of written notice from the non-breaching party specifying in detail the nature
of such breach. Termination of this Agreement shall terminate all Work Orders,
and termination of a Work Order shall terminate the corresponding Services
covered by such Work Order.
9.4 TERMINATION BY CONSULTANT. Unless otherwise specified in a
particular Work Order, Consultant may terminate this Agreement or an individual
Work Order for any reason upon ninety (90) days' written notice to Peninsula.
9.5 EFFECTS OF TERMINATION. Promptly after the termination or
expiration of a particular Work Order or this Agreement, Consultant shall return
to Peninsula all whole and partial copies and derivatives of Confidential
Information, Inventions, other materials belonging to Peninsula, and all books,
records, documents, drawings and other items of whatever nature developed by
Consultant in the performance of the Services under such Work Order or under all
Work Orders covered by this Agreement, as applicable, that are in Consultant's
possession or under Consultant's direct or indirect control. Sections 5, 6, 7,
9, 12, 13, and 14 of this Agreement shall survive the termination or expiration
of this Agreement.
10. ASSIGNMENT. Consultant shall not assign or delegate its obligations
under this Agreement, either in whole or in part, without the prior written
consent of Peninsula. The parties' rights and obligations under this Agreement
will inure to the benefit of their respective successors and permitted assigns.
Any attempted assignment of Consultant's obligations or of this Agreement not in
compliance with this Section 10 shall be null and void.
11. INDEPENDENT CONTRACTOR. It is understood and agreed that Consultant is
an independent contractor and not an agent or employee of Peninsula, and is not
authorized to act on behalf of Peninsula. Consultant agrees not to hold itself
out as, or give any person any reason to believe that it is an employee, agent,
joint-venture partner, or other partner of Peninsula. Consultant will not be
eligible for any employee benefits, nor will Peninsula make deductions from any
amounts payable to Consultant for taxes. Consultant acknowledges and agrees
that: (a) Consultant will be solely responsible for and will file, on a timely
basis, tax returns and payments required to be filed with or made to any
relevant tax authorities with respect to Consultant's performance of Services;
and (b) Consultant is responsible for payment of all applicable workers'
compensation insurance, payroll and employment taxes, disability benefits and
unemployment insurance with respect to Consultant and Consultant's employees.
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12. REMEDIES. Consultant hereby acknowledges and agrees that in the event
of any breach of this Agreement by Consultant, including, without limitation,
the actual or threatened disclosure of Confidential Information or Inventions
without the prior express written consent of Peninsula, Peninsula will suffer an
irreparable injury, such that no remedy at law will afford it adequate
protection against, or appropriate compensation for, such injury. Accordingly,
Consultant hereby agrees that Peninsula shall be entitled to seek equitable and
such other further relief as may be granted by a court of competent
jurisdiction. The prevailing party in any action to enforce this Agreement shall
be entitled to recover legal costs and attorneys' fees incurred by such party in
enforcing this Agreement.
13. GOVERNING LAW; SEVERABILITY. Any claim, dispute, or controversy of
whatever nature arising out of or relating to this Agreement shall be governed
by and construed under the laws of the State of California without giving effect
to any choice of law principles that would require the application of the laws
of a different jurisdiction. Any claim, dispute, or controversy of whatever
nature arising out of or relating to this Agreement shall be brought exclusively
in a court of competent jurisdiction, federal or state, in the State of
California, and each party hereby consents to personal jurisdiction and venue
in, and agrees to accept service of process issued or authorized by, such court.
Notwithstanding the foregoing, either party may seek injunctive relief in any
court in any state where appropriate. If any provision of this Agreement is held
to be invalid or unenforceable by any court of competent jurisdiction from which
no appeal can be or is taken, such provision shall be considered severed from
this Agreement and shall not serve to invalidate any remaining provisions
hereof. The parties shall make a good faith effort to replace any invalid or
unenforceable provision with a valid and enforceable one such that the
objectives contemplated by the parties when entering this Agreement may be
realized.
14. ENTIRE AGREEMENT. This Agreement constitutes the final, exclusive, and
complete understanding and agreement of Peninsula and Consultant with respect to
the subject matter hereof. The parties hereby acknowledge and agree that this
Agreement, as of the Effective Date, terminates and supersedes in its entirety
the April 2002 Agreement. As indicated in Section 6.1, all "Confidential
Information" (as such term is defined in the April 2002 Agreement) shall be
deemed Confidential Information subject to the obligations of confidentiality
set forth in Section 6 of this Agreement. Any waiver, modification, or amendment
of any provision of this Agreement shall be effective only if in writing and
signed by all parties hereto.
15. NOTICES. Any notice required or permitted to be given under this
Agreement shall be in writing, shall specifically refer to this Agreement, and
shall be addressed to the appropriate party at the address specified below or
such other address as may be specified by such party in writing in accordance
with this Section 15, and shall be deemed to have been given for all purposes
(a) when received, if hand-delivered or sent by a reputable overnight delivery
service, or (b) three (3) business days after mailing, if mailed by first class
certified or registered mail, postage prepaid, return receipt requested.
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If to Peninsula: Peninsula Pharmaceuticals, Inc.
0000 Xxxxxx Xxx Xxxxxxx
Xxxxxxx, XX 00000
Attention: Vice President, Alliances & Project
Management
Tel: (000) 000-0000
Fax: (000) 000-0000
If to Consultant: InClin, Inc.
0000 Xx Xxxxxx Xxxx, Xxxxx X-00
Xxx Xxxxx, XX 00000
Attention: President & CEO
Tel: (000) 000-0000
Fax: (000) 000-0000
16. COUNTERPARTS. This Agreement may be executed in two (2) or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the Effective Date.
PENINSULA PHARMACEUTICALS, INC. INCLIN, INC.
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxxxx Xxxxxxx
__________________________________ ________________________________
Printed Name: Xxxx X. Xxxxx Printed Name: Xxxxxx Xxxxxxx
Title: President & CEO Title: President & CEO
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SCHEDULE A
All Work Orders executed by both parties and attached to this Schedule A are
incorporated into the Agreement.
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WORK ORDER #1
1. SERVICES. Consultant shall provide the Services described in this Work
Order and in the Master Consulting Services Agreement effective September 1,
2003 between the parties (the "Master Agreement"). Unless otherwise defined
herein, all initially capitalized terms used herein shall have the meaning set
forth in the Master Agreement. The Services covered under this Work Order
consist of project management of Peninsula's intravenous and inhaled doripenem
and TAK-599 programs, including project management of Peninsula's intravenous
doripenem Phase 3 clinical trials, inhaled doripenem Phase I clinical trials,
and TAK-599 Phase I clinical trials. The parties agree that Xxxxxx Xxxxxxx, Xxxx
Xxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxxx, Xxxx Xxxxx, and Xxxxxxx Xxxxx shall be
the individuals performing the Services on behalf of Consultant under this Work
Order.
2. RATE. The following individuals will perform the Services requested by
Peninsula at the following rates:
-------------------------------------------------------------------------------
RATE PER
JOB TITLE/ROLE: CONSULTANT: CONSULTANT:
-------------------------------------------------------------------------------
Project Manager (3x) 1) Xxxxxx Xxxxxxx $20,833.33 / Month
2) Xxxx Xxxxx
3) Xxxxxxxx Xxxxxxx*
4) Xxxxxx Xxxxxx*
-------------------------------------------------------------------------------
Clinical/Regulatory Document Xxxx Xxxxx $75.00 / HR
Administrator
-------------------------------------------------------------------------------
Senior Clinical Research Xxxxxxx Xxxxx $80.00 / HR
Associate
-------------------------------------------------------------------------------
Project management Services performed by Xxxxxx Xxxxxxx and Xxxx Xxxxx shall
each be billed at the monthly rate specified above until the later of the date
on which (a) all intravenous doripenem Phase 3 clinical trials have been
completed, (b) inhaled doripenem Phase I clinical trials have been completed,
and (c) TAK-599 Phase I clinical trials have been completed.
*Project management Services performed by Xxxxxxxx Xxxxxxx shall be billed at
the monthly rate specified above until December 31, 2003. The parties
acknowledge that as of January 1, 2004, Xxxxxxxx Xxxxxxx has become an employee
of Peninsula and as of that date, she shall no longer be performing Services
under this Agreement. Accordingly, Peninsula shall have no obligation to pay
Consultant for services performed by Xxxxxxxx Xxxxxxx after December 31, 2003.
Commencing in January 2004 up through March 1, 2004, Xxxxxx Xxxxxx shall perform
project management Services for Peninsula at an hourly rate of $100 per hour.
Thereafter, project management Services performed by Xxxxxx Xxxxxx shall be
billed at the monthly rate specified above.
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The rate of $20,833.33 per month ($250,000.00 per year) for project management
Services set forth under this Section 2 is based upon each Project Manager
performing 40 hours of Services per work week, with an annual total of 1936
hours worked. This allows for each Project Manager to have ten unpaid vacation
days and eight unpaid public holidays during the course of each calendar year in
which Services are performed. On a quarterly basis, the parties shall review the
actual number of hours worked by each Project Manager to determine if both
parties are adhering to the terms of this Agreement and whether the monthly rate
for Services performed by Project Managers should be adjusted going forward to
reflect the actual number of hours of Services performed by the Project
Managers.
3. TERM OF WORK ORDER. This Work Order shall be effective as of September
1, 2003 and, unless earlier terminated as permitted herein, shall expire on the
later of the date on which (a) all intravenous doripenem Phase 3 clinical trials
have been completed, (b) inhaled doripenem Phase I clinical trials have been
completed, and (c) TAK-599 Phase I clinical trials have been completed
4. TERMINATION OF WORK ORDER BY PENINSULA. This Section 4, rather than
Section 9.2 of the Master Agreement, shall govern the terms on which Peninsula
may terminate this Work Order. Prior to the completion of the intravenous
doripenem Phase III clinical trials, Peninsula may terminate this Work Order for
any reason upon ninety (90) days' written notice to Consultant. However,
Peninsula may terminate this Work Order effective upon Consultant's receipt of
written notice if there are significant or unexpected delays in the intravenous
doripenem Phase III clinical trials and/or if Peninsula's intravenous doripenem
program is terminated in its entirety. At any time after the completion of the
intravenous doripenem Phase III clinical trials, Peninsula may terminate this
Work Order effective upon Consultant's receipt of written notice. At any time
during the term of this Work Order, Peninsula shall have a right to terminate
this Work Order for an uncured material breach in accordance with the provisions
of Section 9.3 of the Master Agreement.
5. TERMINATION OF WORK ORDER BY CONSULTANT. This Section 5, rather than
Section 9.4 of the Master Agreement, shall govern the terms on which Consultant
may terminate this Work Order. Consultant shall only have a right to terminate
this Work Order for an uncured material breach in accordance with the provisions
of Section 9.3 of the Master Agreement.
6. PAYMENT. Payments shall be sent to Consultant at:
InClin, Inc.
0000 Xx Xxxxxx Xxxx, Xxxxx X00
Xxx Xxxxx, XX 00000
FEIN No.: 00-0000000
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The Parties have read this Work Order and the Master Agreement, and agree to and
accept the terms of this Work Order effective as of September 1, 2003:
PENINSULA PHARMACEUTICALS, INC. INCLIN, INC.
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxxxx Xxxxxxx
--------------------------------- ---------------------------------
Name: Xxxx X. Xxxxx Name: Xxxxxx Xxxxxxx
Date: February 10, 2004 Date: February 9, 2004
Title: President & CEO Title: President & CEO
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