Document:

ex10_2.htm

EXHIBIT 10.2

 

 

** Information marked as "[redacted **]" has been omitted pursuant to a request for confidential treatment and has been filed separately with the Securities and Exchange Commission.

 

ADDENDUM NO.2 to SUPPLY AND DISTRIBUTION AGREEMENT

This Addendum No. 2 to Supply and Distribution Agreement ("Addendum No. 2") is made as of August 1, 2007, (the "Effective  Date") by and between Synergetics  USA, Inc. (f/k/a Valley Forge Scientific Corp. (referred to herein as "VFS") and Stryker Instruments Division of Stryker Corporation, a Michigan corporation ("Distributor"). Capitalized terms used herein and not otherwise defined shall have the same meanings as given them in the Agreement (as such tennis defined below).

 

WHEREAS, VFS and Distributor are parties to that certain Supply and Distribution Agreement dated as of October 25, 2004, as amended by that certain Addendum No. I dated November 15  2006 (collectively, the "Agreement"); and

 

WHEREAS, VFS and Distributor desire to amend the Agreement upon the terms and conditions noted below.

 

NOW THEREFORE, the parties hereto, in exchange for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, hereby agree

 

1.         Section 1., Paragraph  1.5  of  the Agreement is hereby amended  and  modified to  provide as follows:

 

(a)        The agreed upon Initial Products Minimums for the Generator Product for the remaining Agreement Years of the term of the Agreement (as extended in Paragraph 3 of this Addendum No.2) are as follows:

 

	
Agreement  Year

	
Initial Products Minimum

	
2007

	
[Redacted **]

	
2008

	

[Redacted **]

	
2009

	

[Redacted **]

	
2010

	

[Redacted **]

 

(b)        Notwithstanding any other provisions of Paragraph 1 of the Agreement to the contrary, in addition to the other bases for reduction of the minimum purchase requirements set forth in Paragraph 1.5, Initial Products Minimum for each Agreement Year shall also be reduced in direct proportion to the amount that actual purchases during the immediately preceding Agreement Year exceed the Initial Product Minimum for such Agreement Year.  For purposes of clarification, if the actual purchases of   Generator Products for 2007 equal [redacted**] units, then the Initial Products Minimum for 2008 will be reduced to [redacted**] units.

 

2.         Section 1., Paragraph  2  of  the  Agreement is hereby amended  and  modified to  provide that notwithstanding any other provision of Paragraph 2 or the Agreement to the contrary, the pricing for the Generator Product effective as of June 1, 2007, is [redacted**]. Subject to the terms of this Section 2, the Generator Product price will remain fixed thereat for the duration of the term of the Agreement. VFS and Distributor may review the price of the Generator Product during the last calendar month of each Agreement Year.  The Generator Product price may be adjusted to reflect increases or decreases in VFS' production costs solely as a direct  result of changes in VFS' component parts costs (other than those components set forth  on Exhibit  1 attached  hereto, collectively  referred to herein as the "Excluded Components"); provided however, that (i) such Generator Product price increase or decrease will only be necessary to the extent that the aggregate percentage cost increases of the non-Excluded Components results in a net cost increase or decrease for the Generator Product of [redacted**], and (ii) the net price increase or decrease for the Generator Product shall be limited to not more than [redacted**] change from the price in effect for the preceding Agreement Year.  VFS shall present Distributor with a detailed list of proposed changes in the price of Generator Product (with supporting documentation) at least forty-five (45) days before the annual review. Any pricing  revisions  shall  be effective as of the first day of the immediately  following Agreement Year.  Price revisions shall be documented in writing as an amendment to the Agreement.

 

  

  

  

 

3.         Section  III., Paragraph   1.1  of  the  Agreement  is hereby amended  and  modified  to delete  such section in its entirety and substitute therefor the following:

 

"Unless  terminated  sooner  pursuant to Section III., Paragraph  2 hereof  or extended  as provided herein, the term of this Agreement  shall commence on the Effective  Date and shall continue  in force until December  31, 2010.   If on or before December 31, 2009 the term of this Agreement has not been extended  beyond December 31, 2010 by written agreement  of Distributor and VFS, the parties on written  notice  from either  party shall for a period  of  ninety (90) days after such written notice (but in no event shall such period extend past the end of the sixth Agreement Year) conduct good faith discussions at mutually convenient  times regarding  the terms and conditions of an extension  to this Agreement.   While the parties are obligated to discuss an extension in good faith, there is no obligation  on the part of either party to agree to an extension.

 

4.         This  Addendum  No. 2  may  be executed  in one or  more counterparts, each  of which  shall  be deemed an original, and all of which shall constitute one and the same instrument.

 

5.         Except  as  provided  herein,  all  other  terms,  conditions  and  provisions  of  the Agreement  shall remain in full force and effect.

 

6.        This Addendum No. 2, Addendum No.I and the Agreement, including all documents referred to herein or therein and attached hereto or thereto, constitute the entire agreement of the parties on the subject matter hereof and supersedes all prior representations, understandings and agreements between the parties with respect to such subject matter. The documents referred to herein or therein and attached hereto or thereto shall be read together with this Third Amendment, the Second Amendment, the First Amendment and the Agreement to determine the parties' intent. In the event of a conflict between or among such documents, the documents shall govern in this order: (1) the Agreement, (2) this Addendum No. 2, and (3) Addendum No. 1.

 

IN  WITNESS   WHEREOF  the  parties  have  executed   this  Addendum   No.  2  through   their authorized  representatives.

 

	
SYNERGETICS USA, INC.

	  	
STRYKER CORPORATION

	  
	  	  	  	  
	
By:

	/s/ Gregg D. Scheller	  	
By:

	/s/ Stephen S. Johnson	  
	 	 	 	 	 	 
	Name:	
Gregg D. Scheller

	 	Name:	
Stephen S. Johnson

	 
	 	 	 	 	 	 
	Title:	
President & CEO

	 	Title:	
Vice Presidentex10_3.htm

EXHIBIT 10.3

 

 

Acknowledgement of

 

Amendment of Solicitation / Modification of Contract

 

Date: January 9, 2012

 

From: Kara Morse, OEM Commodity Manager

 

To: Jerry L. Malls, M.D. Executive V.P. Chief Scientific Officer

 

Dear Jerry,

 

We would like to extend the existing contract term through March 31, 2012.

If you are in agreement with this extenstion, please sign, date and return to your Stryker representative for final evaluation and your approval.  Please provide  your email address and a copy will be electronically sent to you for your records.

If you have any questions, please let me know.

 

I herby acknowledge the receipt of amendment with an effective date of the January 1, 2012.

	
STRYKER INSTRUMENTS

	 	SYNERGETICS INC.	 
	 	 	 	 	 
	
By:

	/s/ Shane Partington	 	
By:

	/s/ J. MALIS	 
	 	 	 	 	 	 
	Printed Name:	Shane Partington	 	Printed Name:	J. MALIS	 
	 	 	 	 	 	 
	Title:	Director, CM OEM Management	 	Title:	EX. VP & CSOex10_4.htm

EXHIBIT 10.4

 

 

Acknowledgement of

 

Amendment of Solicitation / Modification of Contract

 

Date: March 19, 2012, 2012

 

From: Lisa Holmes, OEM Commodity  Manager

 

To: Kurt Gampp, Executive V.P. Chief Operations Officer

 

Dear Kurt,

 

We would like to extend the existing contract term through June 30, 2012.

 

If you are in agreement with this extenstion, please sign, date and return to your Stryker representative for final evaluation and your approval. Please provide your email address and a copy will be electronically sent to you for your records.

 

If you have any questions, please let me know.

 

I herby acknowledge the receipt of amendment with an effective date of the April 1, 2012.

 

	
STRYKER INSTRUMENTS

	 	SYNERGETICS INC.	 
	 	 	 	 	 
	
By:

	/s/ Chad A. McVey	 	
By:

	/s/ Kurt W. Gampp	 
	 	 	 	 	 	 
	Printed Name:	Chad A. McVey	 	Printed Name:	Kurt W. Gampp	 
	 	 	 	 	 	 
	Title:	Assoc. Director of Strategic Sourcing	 	Title:	EVP/COOex10_5.htm

EXHIBIT 10.5

 

 

Acknowledgement of

 

Amendment of Solicitation / Modification of Contract

Date: June 26, 2012

 

From: Lisa Holmes, OEM Commodity Manager

 

To: Peter Rasche, General Counsel

 

Re: Supply and Distribution Agreement, by and between Synergetics USA, Inc (f/k/a Valley Forge Scientific Corp.) and Stryker Instruments Division of Stryker Corp., effective as of October 25, 2004, amended by Addendum No. 1 dated November 15, 2006, and Addendum  No. 2 dated August 1, 2007, and extended through June 30, 2012,by separate Acknowledgements dated January 9, 2012, and March 19, 2012.

 

Dear Peter,

 

We would like to extend the contract term of the existing Distribution Agreement (referenced above) through October 31, 2012.

 

If you are in agreement with this extenstion, please sign, date and return to your Stryker representative for final evaluation and your approval. Please provide your email address and a copy will be electronically sent to you for your records.

 

If you have any questions, please  let me know.

 

I herby acknowledge the receipt of and approve this amendment  with an effective date of the June 27, 2012.

	
STRYKER INSTRUMENTS

	 	SYNERGETICS USA, INC.	 
	 	 	 	 	 
	
By:

	/s/ Chad A. McVey	 	
By:

	/s/ Pamela G. Boone	 
	 	 	 	 	 	 
	Printed Name:	Chad A. McVey	 	Printed Name:	Pamela G. Boone	 
	 	 	 	 	 	 
	Title:	Assoc. Director of Sourcing	 	Title:	EVP & CFO

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