Document:

exhibit_4-26.htm

Exhibit 4.26

 

-Confidential-

 

1st AMENDMENT TO DISTRIBUTION AGREEMENT

 

This 1st amendment (the "Amendment") to the Distribution Agreement entered into as of August 2nd, 2011 (the "Distribution Agreement"), by and between Kamada Ltd., a company organized under the laws of the State of Israel, with its principal office in 7 Sapir St., Kiryat Weizmann, Ness-Ziona 74036, Israel ("Kamada"), and TUTEUR S.A.C.I.F.I.A., a corporation organized under the laws of Argentina, having its registered office at Av. Juan de Garay 848, 1153 Buenos Aires, Argentina (the "Distributor"), is entered into as of August 19, 2014 (the "Effective Date").

 

RECITALS

 

WHEREAS, under the terms of the Distribution Agreement, Kamada has appointed the Distributor as its exclusive distributor for the Product within the Territory, and the Distributor has accepted such appointment, all on the terms and subject to the conditions set forth therein; and

 

WHEREAS, the parties wish to amend the terms of the Distribution Agreement by extending the Term, adding additional country to the Territory and adding additional product to be distributed by the Distributor in the Territory.

 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants, terms and conditions set forth herein, Kamada and the Distributor hereby agree to amend the Distribution Agreement as follows:

 

	
  

	
1.

	
Unless otherwise indicated, all terms written in capital letters in this Amendment will have the same meaning already defined in the Distribution Agreement.

 

	
  

	
2.

	
The definitions of the terms specified below shall replace the definitions of those terms as specified in the Distribution Agreement:

 

1.3           "Product(s)" shall mean those products specified in Schedule A attached hereto, as may be amended by the parties in writing from time to time.

 

1.10           "Launch Date" with respect to each of the Products, on a country by country basis, means the date that the Distributor commences Sales of such Product in each country in the Territory, which date shall be no later than [*****] months after the grant of the License by the Competent Authorities in each country.

 

1.12           "Minimum Purchase Requirement" means the minimum quantity of a specific Product, on a country by country basis, commencing on the second year after the Launch Date and in all subsequent years during the Term, as set forth in Schedule B hereto and specified in Section 3.2 hereof.

 

1.18     "Territory" means Argentina, Paraguay, Uruguay and Bolivia.

 

1.19           "Third Party Product(s)" means any AAT product or Anti-D product, other than the Products specified in Schedule A.

 

[*****] Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission.

 

Kamada – Tuteur – 1st Amendment to Distribution Agreement

 

  

  

  

 

-Confidential-

 

	
  

	
3.

	
Section 3.2 of the Distribution Agreement, entitled “Minimum Purchase Requirement” is hereby replaced by the following paragraph:

 

3.2           Minimum Purchase Requirement. Commencing on the second year after the Launch Date of each Product in each countries of the Territory, and at all subsequent years during the Term, the Distributor shall purchase from Kamada, on a Product by Product basis and on a country by country basis, minimum annual quantity of Products as set forth in Schedule B hereto.

 

	
  

	
4.

	
Section 13.1 of the Distribution Agreement, entitled “Term” is hereby replaced by the following paragraph:

 

13.1           Term. The term of the Distribution Agreement shall commence on the Effective Date thereof and, unless terminated sooner pursuant to Sections 13.2 or 13.3 thereof, and except for Bolivia, shall expire on December 31, 2019, which shall be the "Expiration Date". The Expiration Date for Bolivia shall be, five (5) years from Launch Date unless terminated sooner pursuant to Sections 13.2 or 13.3. The period from the Effective Date of the Distribution Agreement to the earlier date of termination hereunder or the Expiration Date is the "Term" of this Agreement.

 

	
  

	
5.

	
following Section 8.2 of the Distribution Agreement, a new section 8.2A entitled “Partial Termination” is hereby added as follows:

 

8.2A           Partial Termination. Kamada may also terminate this Agreement in accordance with the terms of Section 13.3(iii) (an Event of Default) with respect to sales of a specific Product, upon failure of the Distributor to comply with its obligation to purchase from Kamada minimum annual quantity of such Product for the distribution in a specific country, as set forth in Schedule B hereto. The terms of Sections 13.4 – 13.7 shall apply mutatis mutandis with respect to such partial termination.

 

	
  

	
6.

	
All provisions of the Distribution Agreement, which are not expressly amended by the terms of this Amendment shall remain in effect and without change.

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective, duly authorized, officers, as of the day and year first above written.

 

	
KAMADA LTD.

/s/ David Tsur

By: Mr. David Tsur, CEO

	
TUTEUR S.A.C.I.F.I.A S.A.

/s/ Jonathan Hahn

By: Jonathan Hahn, President

	
 

/s/ Gil Efron

By: Mr. Gil Efron, CFO

	  

 

[*****] Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission.

 

Kamada – Tuteur – 1st Amendment to Distribution Agreement

 

  

Page 2

  

 

-Confidential-

 

SCHEDULE A –

 

	
Product

	
Product Specifications

	
AAT IV

	
In accordance with the approved dossier in each country of the Territory.

	
Anti D

	
In accordance with the approved dossier in each country of the Territory.

 

SCHEDULE B –

 

Distributor’s Minimum Purchase Requirement:

 

	
Product

	
Minimum Annual Purchase Requirement on a Country by Country Basis

	
Argentina

	
Paraguay

	
Uruguay

	
Bolivia

	
AAT IV

	
[*****]

	
[*****]

	
[*****]

	
[*****]

	
Anti D

	
[*****]

	
[*****]

	
[*****]

	
[*****]

Kamada’s Maximum Supply Obligation:

 

	
Product

	
Maximum Supply Obligation per annum for all countries in the Territory

	
AAT IV

	
up to [*****] (i.e amount of products required for the treatment of up to [*****] patients).

	
Anti D

	
[*****]

 

SCHEDULE C – Trademarks: "KAMADA", "RESPIRA", "GLASSIA", "KamRHO"; Product Logos.

 

[*****] Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission.

 

Kamada – Tuteur – 1st Amendment to Distribution Agreement

 

  

Page 3

  

 

-Confidential-

 

SCHEDULE D – Procedure of Storage, Transport and maintenance of Sterility of the Products by Distributor:

 

	
Product

	
Storage / OC

	
Transport / OC

	
AAT IV

	
2-8

	
0-25 (up to 120h out of 2-8 within 0-25 is permitted)

	
Anti D

	
2-8

	
0-25 (up to 120h out of 2-8 within 0-25 is permitted)

 

SCHEDULE E – Minimum Supply Price:

 

	
Product

	
Minimum Supply Price – in all countries

	
AAT IV

	
[*****]

	
Anti D

	
[*****]

[*****] Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission.

 

Kamada – Tuteur – 1st Amendment to Distribution Agreement

 

Page 4EX-4.35

 Exhibit 4.35 

/ Sberbank of Russia Letterhead / 

AMENDING AGREEMENT No. 5 

to Non-Revolving Loan Facility Agreement No. 5593 dated October 9, 2012 

 

	 The City of Moscow 
	 October 31, 2014 

SBERBANK OF RUSSIA, an open joint stock company (Sberbank of Russia JSC) (company name in Russian:

 “

”), (the “Lender”), as represented by Fedor V. Sapronov, Managing Director and Director of the Lending and Project Financing Group of the Corporate Financing Department of Sberbank of Russia, acting
by virtue of the Lender’s Articles of Association and under Power of Attorney No. 413-D dated August 22, 2014, on the one hand; and SOUTHERN KUZBASS COAL COMPANY OAO, an open joint stock company (Southern Kuzbass OAO), (company
name in Russian:

 “

 “

”) (the “Borrower”), as represented by Alexey I. Lyapin, Deputy Managing Director for Economics and Finance, acting under a Power of Attorney w/o number dated November 01, 2013, on the
other hand; the Lender and the Borrower being hereinafter collectively referred to as the “Parties”; 
 have entered into this amending
agreement No. 5 (the “Amending Agreement”) to the Non-Revolving Loan Facility Agreement No. 5593 dated October 09, 2012 (the “Loan Agreement”) and agreed upon the following: 

 

	 	1.	The Borrower represents and warrants that as of the date of execution of this Agreement it is not aware of any corporate or other similar agreements signed between its shareholders or between its shareholders and third
parties that would restrict its rights as a Lender’s contractor or would otherwise influence its ability to sign a Loan Agreement or fulfill its obligations under the Loan Agreement and other agreements signed between it and the Lender.

  

	 	2.	Add Sub-clauses 9.1.4 and 9.1.5 into Clause 9.1. as follows: 

 “9.1.4. Pledge ordinary
shares of Mechel Mining OAO, an open joint stock company (Mechel Mining OAO, located 1 Krasnoarmeyskaya Moscow 125993, Russia, registered under the number (OGRN): 1085406013846, Taxpayer Number (INN): 5406437129, (company name in Russian:

, address in Russian: 125993,

,

,

,

.. 1), hereinafter referred to as the “Issuer”, owned by Mechel OAO as its property, its nominal value equal to 7.37 (Seven 37/100 rubles) per one ordinary share in the quantity making not less than 25
(Twenty-five) percent plus 1 (One) ordinary share of the total number of the listed ordinary shares of Mechel Mining OAO as of the date of the securities pledge agreement. 

  
 1 

 

			
	Lender		Borrower
	<Signature>		<Signature>

 Amending Agreement No.5 dated October “31”, 2014 to
Non-Revolving Loan Facility Agreement No. 5593 dated October 9, 2012 

 
Further on in case of additionally issued and listed ordinary shares of Mechel Mining OAO the Borrower undertakes within 10 (Ten) business days from the date the respective report on shares
issuance has been registered with the authorized state bodies to ensure for the Lender to be provided with such quantity of ordinary shares of Mechel Mining OAO that the ordinary shares pledged with the Lender would make 25 (Twenty-five) percent
plus 1 (One) ordinary share of the total number of the listed ordinary shares of Mechel Mining OAO after such additional listing. 
 9.1.5.
Pledge movable estate owned by Lender as its property. 
 The net book value of the pledge asset as of June 30, 2014 is 360,695,662.50
(Three hundred sixty million six hundred ninety-five thousand six hundred and sixty-two 50/100) rubles. 
 The value of the pledge asset
subject shall be defined based on its netbook value as of June 30, 2014 with the application of the pledge discount equal to 40 (Forty) percent”. 
  

	 	3.	Restate Clause 10.2 of the Loan Agreement as below: 

 “10.2. If the Borrower fails to repay
the loan principal as it comes due, the Borrower shall pay to the Lender a penalty at the annual interest rate determined under Clause 4.1 hereof and applicable as of the date when such payment amount becomes overdue, multiplied by two (2). 

If the Borrower fails to repay the interest or Fees, excluding the prepayment fee, as they come due, the Borrower shall under the Lender’s
request pay to the Lender a penalty: 
  

	 	•	 	at the annual interest rate determined under Clause 4.1 hereof and applicable as of the date when such payment amount becomes overdue, multiplied by two (2)during the period from the Date of the Loan Agreement signing
up to October 01, 2014 (inclusively); 

  

	 	•	 	at the annual interest rate determined under Clause 4.1 hereof and applicable as of the date when such payment amount becomes overdue during the period from October 01, 2014 (not inclusively) up to the date when
such overdue payment is made in full (inclusively). 

 Such penalty shall incur as annual interest on the overdue payment
amount for each day of delay in payment, for the entire period starting from, but excluding, the date when such amount first becomes overdue and up to and including the date when such overdue payment is made in full. 

As used herein, the date when an amount payable hereunder becomes overdue means the Payment Date on which the Borrower defaults on its
respective payment obligation”. 
  

	 	4.	The Parties have agreed that in accordance with Clause 2 of Article 425 of the civil Code of the Russian Federation the terms of the Loan Agreement mentioned in Clause 3 of this Amending Agreement shall apply to the
legal relations between the Parties to the Loan Agreement starting from October 1, 2014. 

  

	 	5.	This Amending Agreement is made in two counterparts having equal legal force, one for the Lender and one for the Borrower. 

  

	 	6.	This Amending Agreement shall take effect as of the date of its execution by both Parties. 

  
 2 

 

			
	Lender		Borrower
	<Signature>		<Signature>

 Amending Agreement No.5 dated October “31”, 2014 to
Non-Revolving Loan Facility Agreement No. 5593 dated October 9, 2012 

	 	7.	Parties’ Location and Bank Details 

 LENDER: 

Location and mailing address: 19 Vavilov Str., Moscow 117997, Russia (

, 117997,

,

,

 19) 
 Taxpayer Number (INN): 7707083893 

Company Number (OGRN): 1027700132195 

Taxpayer Record Validity Code (KPP): 775001001 

Russian National Company and Business Classification Code (OKPO): 00032537 

For payments in RUR: 

Receiver: Sberbank of Russia JSC, account No.30301810000006000014; Correspondent Account No.30101810400000000225 with OPERU of the Moscow GTU
of the Bank of Russia; BIC 044525225 
 For payments in USD: 

Account with Institution: IRVTUS3N, Bank of New York Mellon, New York, NY 

Beneficiary Institution: SABRRUMM, SBERBANK, MOSCOW. 

Sender to Receiver Information:/BNF/ 30301840300006000014 

For payments in EUR: 

Account with Institution: DEUTDEFF, Deutsche Bank AG, Frankfurt am Main. 

Beneficiary Institution: SABRRUMM, SBERBANK, MOSCOW. 

No.30301978400001000014 with Sberbank, Moscow, SWIFT SABRRUMM 

Sender to Receiver Information:/BNF/ 30301978900006000014 

Tel: (495) 747-3798; Fax: (495) 957-5568 

BORROWER: 
 Location and
mailing address: 6 Yunosti Str., Mezhdurechensk, Kemerovo Region, 652877, Russia (

, 652877,

,

,

,

..6) 
 Taxpayer Number (INN): 4214000608 

Company Number (OGRN): 1024201388661 

Current Account No.40702810026070100405 with Kemerovo Branch No.8615 of Sberbank of Russia 

Tel: (384-75) 7-22-37, 7-23-96; Fax: (384-75) 7-22-41 

Email: mechel@mechel.com; prl@uk.mechel.com 

  
 3 

 

			
	Lender		Borrower
	<Signature>		<Signature>

 Amending Agreement No.5 dated October “31”, 2014 to
Non-Revolving Loan Facility Agreement No. 5593 dated October 9, 2012 

 Parties’ Signatures 

 

					
	LENDER				BORROWER
			
	 Managing Director
 Deputy Director of
the Lending and Project Financing Group of the Financing Department
  
 Sberbank
of Russia
				 Deputy Managing Director for Economics and Finance
  

Southern Kuzbass OAO

			
	 /s/ Fedor V. Sapronov
  

/seal/
				 /s/ Alexey I. Lyapin
  

/seal/

  
 4 

 

			
	Lender		Borrower
	<Signature>		<Signature>

 Amending Agreement No.5 dated October “31”, 2014 to
Non-Revolving Loan Facility Agreement No. 5593 dated October 9, 2012

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