Exhibit 10.3
AMENDMENT NUMBER 1
TO THE MASTER DISTRIBUTION AGREEMENT
This Amendment Number 1 is made this 10 day of June 2002, by and between Aspect
Medical Systems Inc. 000 Xxxxxxx Xxxxxx, Xxxxxx XX 00000, XXX, fax x0 000 000
7400,("Aspect") and Datex-Ohmeda Division, Instrumentarium Corp. Xxxxxxxxxxxxxx
0, XXX 00000 Xxxxxxxx, Xxxxxxx, fax x000 00 000 0000, ("D-O").
BACKGROUND
Aspect and D-O are parties to the Master Distribution Agreement dated September
1, 2001 (the "Agreement").
The parties now wish to amend make certain amendments to the Agreement; change
the number of the members of the Steering Committee, change the number of
meetings of the Steering Committee and change the persons originally nominated
by the parties as the Alliance Managers.
AGREEMENT
1. All capitalized terms used but not defined herein but which are defined in
the Agreement shall have the meanings provided in the Agreement. Provisions of
the Agreement, as amended hereinafter, are incorporated herein by reference
unless explicitly excluded.
2. Steering Committee. Members
The amount of members in the Steering Committee set forth in the Clause 4.1.1.
of the Agreement is hereby amended the way that each party shall appoint three
(3) representatives in the Steering Committee. The parties have also agreed that
a minimum of four (4) Steering Committee members must agree upon any decision to
be made by the Steering Committee.
3. Replacing and adding members of the Steering Committee representing D-O
The members representing D-O at the Steering Committee are the following: Antti
Ritvos, Xxxxx Xxxxxx and Xxxxx Xxxxxxx. (Xxxx Ervio will be replaced, and new
members shall be Xxxxx Xxxxxx and Xxxxx Xxxxxxx.)
4. Replacing and adding members of the Steering Committee representing Aspect
The members representing Aspect at the Steering Committee are the following:
Xxxxxxxxx Xxxxxx, Xxxx Xxxxx and Xxxx Xxxxxxxx.
5. Number of Steering Committee's meetings
The amount of the meetings of the Steering Committee set forth in the Clause
4.1.2 of the Agreement is hereby amended the way that at least one (1) meeting
must take place during calendar year.
6.Replacing the current Alliance ManagersBoudewijn Bollen shall act as Alliance
Manager for Aspect and Xxx Xxxxxxxxxx shall act as Alliance Manager for D-O.
All other provisions of the Agreement remain unchanged and in full force and
effect. This Amendment is effective from and including the date first written
above.
IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by
their duly authorized representatives on the day and year first written above.
DATEX-OHMEDA DIVISION, ASPECT MEDICAL SYSTEMS INC.
INSTRUMENTARIUM CORP.
/s/ Arto Kontturi /s/ X. Xxxxxxxxxxxx Eagle
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Name: ARTO KONTTURI Name: X. X. EAGLE
Title: COO Title: CHAIRMAN
/s/ Xxxxx Xxxxxxx
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Name: XXXXX XXXXXXX
Title: EXECUTIVE DIRECTOR
