Document:

Master Supply Agreement, date June 13, 2003

 EXHIBIT 10.50 
  
 MASTER SUPPLY AGREEMENT 
  

			
	 Contract Number:
	  	 MRYMDT003
	  	 
			
	 Effective Date:
	  	 13-Jun-03
	  	 
			
	 Parties:
	  	 “Medtronic”
	  	 “Supplier”

			
	 Legal Name:
	  	 Medtronic, Inc.
	  	 Memry Corporation

			
	 Address:
	  	 710 Medtronic Parkway
 Minneapolis, MN 55432
	  	 3 Berkshire Blvd.
 Bethel, CT 06801

			
	 Type of Entity:
	  	 Minnesota corporation
	  	 Delaware Corporation

  
 RECITALS

  

	A.	 	Supplier manufactures and/or supplies “Products”, (as defined below), and 

  

	B.	 	Medtronic is a manufacturer of medical devices and wishes to purchase Products for use in its devices; 

  
 TERMS OF AGREEMENT 
  
 For good, valuable and sufficient consideration, Medtronic and Supplier have entered into this Agreement as of the Effective Date, subject to the following terms and
conditions: 
  

	1.	 	DEFINITIONS 

  
 Capitalized terms used in this Agreement will have the following meanings: 
  

	 	A.	 	“Agreement” means this Agreement and all its attachments. 

  

	 	B.	 	“Commercial Phase” shall mean, for each and every Product, the time from and after First Commercial Release of a Medtronic device using any Product.

  

	 	C.	 	“Confidential Information” is defined in section 4, below. 

  

	 	D.	 	“Effective Date” is as specified at the beginning of this Agreement. 

  

	 	E.	 	“Facility” means a Medtronic facility, business unit or division, which elects to participate in this Agreement by execution of a Facility Supply Agreement.

  

	 	F.	 	“Facility Supply Agreement” means an attachment to this Agreement (in substantially the form attached as Exhibit A and Exhibit B) which may be executed on behalf of
Supplier and a Facility from time to time during the term of this Agreement covering Products to be supplied to such Facility. 

  

	 	G.	 	“First Commercial Release” shall mean the first sale of a Medtronic device in a country where the Medtronic device is approved for sale and general distribution by the
government. 

  

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	 	H.	 	“Investigational Phase” shall mean, for each and every Product, the time from the Effective Date to the First Commercial Release of each Medtronic device using any
Product. 

  

	 	I.	 	“Part Family” shall have the meaning given in a Facility Supply Agreement. 

  

	 	J.	 	“Part Number” shall have the meaning given in a Facility Supply Agreement. 

  

	 	K.	 	“Product” means products described in Facility Supply Agreements, as such may from time to time be amended by written agreement of the parties. 

 

	 	L.	 	“Specifications” means all applicable specifications and protocols relative to the design, physical characteristics, function, performance, manufacture, packaging and
quality of the Products. 

  

	 	M.	 	“Primary Source Requirement” means the requirement that Supplier shall manufacture for Medtronic no less than fifty percent (50%) of all purchased Products in each Part
Family listed in the applicable Facility Supply Agreement; provided that Medtronic will have the right to terminate the Primary Source Requirement at any time after the occurrence of: (i) a material breach by Supplier of any term or provision of
this Agreement or any Facility Supply Agreement, which breach is not cured within 30 days after notice is given thereof; (ii) a Chronic Late Event; or (iii) a Chronic Quality Event. Products that Medtronic produces itself shall be excluded from the
Primary Source Requirement. 

  

	 	N.	 	“Chronic Late Event” means the failure of Supplier to supply the quantity of Products ordered in accordance with the scheduled delivery dates set forth on two or more
occasions in any particular calendar quarter, except where such failure is attributable to an event described in Section 3.H. 

  

	 	O.	 	“Chronic Quality Event” means the rejection by Medtronic or any Facility in accordance with Section 3.F of more than 5% of all Product in any particular Part Family
shipped in any particular quarter. 

  

	2.	 	SALE AND PURCHASE OF PRODUCT 

  

	 	A.	 	Sale of Products. During the term of this Agreement, Supplier will sell and supply the Products listed in each Facility Supply Agreement, and Medtronic will purchase the
Products listed in each Facility Supply Agreement, all pursuant to the terms and conditions set forth herein. Additional Products may be added to a Facility Supply Agreement by mutual agreement of the parties in writing. 

  

	 	B.	 	Forecasting; Binding Commitments. For Products ordered under this Agreement during the Investigational Phase, there will be no forecasts and no binding commitment of
Medtronic to purchase unless and until purchase orders are sent to and acknowledged by Supplier as described below. Unless otherwise noted in a Facility Supply Agreement, after the First Commercial Release of a Product, each participating Facility
shall issue to Supplier a twelve (12) month rolling forecast of its requirements for Product (“Forecast”), which Forecast shall, unless otherwise specified in a Facility Supply Agreement, comply with the requirements set forth in this
Section 2.B. This Forecast will be updated no less often than monthly as provided for in Section 2.C, and Medtronic will use commercially reasonable efforts to level load (i.e., allocate annual demand equally across all 12 months of the Forecast)
the Forecast. The first three (3) months of the Forecast will be provided by specific Part Number and is a firm 

  

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commitment to purchase those volumes of each such Part Number. The following nine (9) months of the Forecast will be provided by Part Family only. In each
such successive monthly update of the Forecast, each Facility may decrease the total amount of Products in each Part Family provided that: 

  

	 	    	 	(i) the aggregate decrease for such Part Family for a particular month from the point at which such month is month six (6) in a Forecast until the time that same month becomes month
three (3) of a Forecast shall not exceed twenty percent (20%) of the amount forecast for such Part Family for such month when it was month six (6) of the Forecast; 

  

	 	    	 	(ii) the aggregate decrease for such Part Family for a particular month from the point at which such month is month nine (9) in a Forecast until the time that same month becomes
month six (6) of a Forecast shall not exceed thirty-five percent (35%) of the amount forecast for such Part Family for such month when it was month nine (9) of the Forecast; and 

  

	 	    	 	(iii) the aggregate decrease for such Part Family for a particular month from the point at which such month is month twelve (12) in a Forecast until the time that same month becomes
month nine (9) of a Forecast shall not exceed thirty-five percent (35%) of the amount forecast for such Part Family for such month when it was month twelve (12) of the Forecast. 

  

	 	C.	 	Orders. 

  

	 	(1)	 	Products will be ordered via standard Medtronic purchase orders, which may be submitted via mail, fax or, if mutually agreed by the parties, electronic data interchange (EDI).
Supplier will acknowledge receipt of orders within (5) business days. Orders will be deemed accepted upon Supplier’s acknowledgement of same, unless Supplier provides notice of rejection in the aforesaid acknowledgement. Supplier may not reject
purchase orders within any particular Part Family unless the amount so ordered exceeds any of (i) 150% of the greatest forecast for such Part Family received in the 10th, 11th or 12th months prior to the month of the order, (ii) 135% of the greatest forecast for such Part Family received in the 9th, 8th, or 7th months prior to the date of order, or (iii) 120% of the greatest forecast for such Part
Family received in the 6th, 5th or 4th months prior to the date of order. Each purchase order
accepted (or deemed accepted) by Supplier shall give rise to a contract between Medtronic and Supplier for the purchase and sale of the Products ordered and shall be subject to and governed by the terms of this Agreement and any the particular
Facility Supply Agreement. 

  

	 	(2)	 	Ten (10) days prior to the start of each month, each Facility or Medtronic will issue to Supplier purchase orders for the next upcoming month, along with the revised rolling
forecast described in Section 2.B. In the event that a Forecast is not received by the aforementioned time period, the then current forecast will automatically roll and extend one month in equal volume to the previous month 12 volume.

  

	 	D.	 	Prices. 

  

	 	(1)	 	Pricing. The prices for Products are set out in the applicable Facility Supply Agreements. 

  

	 	(2)	 	 Favored-customer pricing and terms. Excluding United States Government contracts, if Supplier offers a product comparable in quality and design to any
Product covered by this Agreement to any third party at pricing or terms more 

  

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favorable (based on comparable quantities) than this Agreement, Supplier will promptly notify Medtronic and extend the more favorable pricing or terms to
Medtronic. 

  

	 	(3)	 	Cost reductions. On an ongoing basis, Supplier will use reasonable commercial efforts to reduce the cost of Products (subject to the provisions of subsection 3.B relative to
design and process changes) and commits to work with Medtronic suggestions in development of a cost reduction plan for each participating Facility on an ongoing basis; provided, however, that (i) the foregoing shall not require Supplier to bear any
material internal development costs not underwritten by Medtronic, and (ii) any cost reductions so achieved by virtue of Medtronic’s suggestions shall reduce the costs of the Product by the actual amount of any such savings.

  

	 	E.	 	Payment Terms. Except as otherwise specified in an applicable Facility Supply Agreement, payment shall be due net 30 days from the date of delivery plus five (5) days, or
from the date of receipt of correct invoice, whichever date is later. Medtronic shall be entitled to a two percent (2%) discount off payments remitted within ten (10) calendar days from the date of delivery of the Product, or from the date of
receipt of correct invoice, whichever date is later. 

  

	 	F.	 	Delivery. Supplier will ship Products for delivery as specified in Medtronic purchase orders. Unless otherwise specified in an applicable purchase order, delivery of Products
will be F.O.B. Supplier’s facility of manufacture and freight collect, and title and risk of loss will pass from Supplier to Medtronic when Products are tendered for shipment on behalf of Medtronic. Unless otherwise specified in an applicable
purchase order, Supplier shall deliver Products using Medtronic’s preferred shipping vendors and shall use the Medtronic account number with such vendors when shipping Products. Supplier shall verify with Medtronic that a shipping vendor is a
preferred Medtronic shipping vendor before shipping Products with such vendor. 

  
 Medtronic shall not be obliged to accept any deliveries tendered before the agreed date and may return the Product to the Supplier at the Supplier’s sole risk and expense if delivered more than five (5) days
early, except where product shipments are based upon acceptable overage amounts if so specified in the applicable Facility Supply Agreement. Alternatively Medtronic may elect to retain such Products and keep them at the risk of the Supplier and pay
the price thereof in accordance with this Agreement upon receipt of an invoice effective at the specified date of delivery. 
  

	 	G.	 	Allocation. Should Supplier be unable to supply the specified quantities or to meet the specified delivery date, Medtronic will be a preferred customer for delivery of what
Product is available and in no case will receive less than a pro rata share based on volume purchased over the past year. No such preferred allocation will relieve Supplier of any liability hereunder for breach. 

  

	 	H.	 	Alternative Supply. It is understood that nothing in this Agreement will prevent Medtronic from developing products similar to the Products covered by this Agreement or from
sourcing such products or the Products from another vendor, provided that Medtronic complies with the Primary Source Requirement. 

  

	 	I.	 	Third Party Fabricators. If requested by Medtronic, Supplier will ship Product to third party fabricators identified by Medtronic. Supplier will invoice the cost of Product
(at the prices specified herein) to Medtronic. 

  

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	 	J.	 	New Product Development and Prototypes. In the event Medtronic, desires to engage Supplier for consultation, design assistance, prototype development or any other form of
development assistance prior to the time of the First Commercial Release and related to the use of shape memory alloys, or components made therefrom, Supplier shall provide such assistance on a “most favored” basis.

  
 Such guidelines will be in effect until
Medtronic has achieved a “design freeze”, is about to enter clinical trials, has received CE mark approval, or has determined the product is ready for commercial release. Alternatively, Medtronic may advise Supplier that the development
program, as defined between the parties, is concluded. Any on-going involvement Supplier may have beyond this development stage shall be negotiated separately. 
  

	3.	 	PRODUCTION 

  

	 	A.	 	Compliance with Specifications. Supplier will manufacture the Products in strict accordance with the applicable Specifications. 

  

	 	B.	 	Changes. 

  

	 	(1)	 	If Supplier finds it necessary or desirable to change the Specifications for any Product, or to change the design or production processes affecting the form, fit, function,
performance or chemical composition of any Product, Supplier will give Medtronic notice and not implement any such change without Medtronic’s prior written consent. 

  

	 	(2)	 	If Medtronic similarly finds it necessary or desirable to change the applicable Specifications for any Product, then it will so notify Supplier. Supplier will use commercially
reasonable efforts to make any such changes at such an adjusted purchase price as Medtronic and Supplier may agree to in writing pursuant to good faith negotiations, it being agreed and understood that the starting point for such negotiations shall
be the changes to Supplier’s costs caused by the changes. 

  

	 	(3)	 	Any agreed changes to the Specifications will be reduced to writing. 

  

	 	C.	 	Packaging and Labeling. All Products will be packaged and labeled in accordance with the applicable Facility Supply Agreement and any applicable Specifications. All Product
shall be packaged in a commercially reasonable manner. Supplier shall have the packaging approved by Medtronic and such approval shall not be unreasonably withheld. 

  

	 	D.	 	Quality. Unless otherwise specifically agreed in writing by Medtronic, all Products supplied under this Agreement will be manufactured in accordance with all applicable laws
and regulations, including: (1) all applicable standards of the International Standards Organization (ISO) and applicable ISO-certified processes and all applicable FDA GMP requirements and (2) all other quality standards and quality assurance plans
referenced in the Specifications. 

  

	 	E.	 	Compliance. Supplier represents and warrants that the Product delivered to Medtronic will not: (1) be adulterated or misbranded within the meaning of the United States Food,
Drug, and Cosmetic Act, or (2) be in violation of any governmental statutes, orders, ordinances or regulations. 

  

	 	F.	 	Non-conforming Product. 

  

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	 	(1)	 	Medtronic will have the right to reject any Product which does not meet the applicable Specifications, within 90 days after actual delivery for all parameters that can be tested at
the time of receipt. For parameters that cannot be tested at that time, Supplier’s warranty will address any non-conforming products. 

  

	 	(2)	 	In the event that any Product does not meet applicable Specifications and Medtronic has notified Supplier, Supplier will replace such Product free of charge and Supplier shall cover
expenses (including freight and customs clearance, if any) incurred by Medtronic in connection with (a) shipment of replacement Product to the same location and (b) shipment of the nonconforming Product back to Supplier (if so requested by
Supplier). In the event of a rejection of defective Product, Supplier will make best efforts to ship replacement Product within thirty (30) days of its receipt of a rejection notice from Medtronic. 

  

	 	G.	 	Approvals. Medtronic will be responsible for obtaining any regulatory approvals for the Products. Supplier will provide reasonably necessary assistance to Medtronic in
obtaining those approvals. 

  

	 	H.	 	Excused Performance. A party’s obligations hereunder, including any delays in deliveries hereunder, will be excused only to the degree affected by and after reasonable
efforts to avoid strikes, riots, war, invasion, acts of God, fire, explosion, floods, delay of common carrier, acts of government agencies or instrumentalities, judicial action, and other contingencies beyond the reasonable control of the party.
Medtronic may terminate a purchase order for any affected Product if Supplier remains unable to provide such Product more than sixty (60) days after the scheduled date of delivery. 

  

	 	I.	 	Subcontracting. Supplier may not subcontract any of its obligations under this Agreement without the prior written consent of Medtronic, not to be reasonably
withheld. 

  

	4.	 	CONFIDENTIALITY AND PUBLICITY 

  

	 	A.	 	Confidential Information. “Confidential Information” will mean all data, information and know-how disclosed by one party (“Discloser”) to the other party
(“Recipient”) during the term of this Agreement regarding technology, designs, know-how, computer programs, products, markets and business plans relating to the subject matter of this Agreement (but will not include information excluded by
subsection 4.C, below). Disclosures may be made in any manner, including through written documents, magnetic media, electronic transmissions, verbal disclosures, visual presentations, and facility tours. The obligations of this Agreement will apply
to all information which the Recipient knows or has reason to know or believe that the Discloser considers to be Confidential Information. 

  

	 	B.	 	Obligations. Each party agrees it shall make no use of Confidential Information of the other party except for the purpose of this Agreement. Such Confidential Information
will not be disclosed to third parties without written permission of the owner. 

  

	 	C.	 	 Exclusions. These obligations will not apply to a party’s information to the extent that it (1) was already legally in the possession and control of the
Recipient prior to its receipt from the Discloser; (2) is independently developed by the Recipient without use of the Discloser’s Confidential Information; (3) is or becomes a matter of public knowledge through no fault of Recipient, (4) is
disclosed to a third party by Discloser without a duty of confidentiality on the third party; (5) is disclosed under operation of law; (6) is 

  

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disclosed by Recipient with Discloser’s prior written approval or (7) is lawfully obtained from a third party under no obligation of confidentiality to
the Discloser. 

  

	 	D.	 	Publicity. Neither party may make any public announcement about or advertise the existence of this Agreement or divulge its terms and conditions other than with the prior
written agreement of the other party or as is required to be disclosed by law. 

  

	5.	 	WARRANTY 

  

	 	A.	 	Product Warranty. Supplier warrants that each Product sold to Medtronic under this Agreement will conform with the Specifications and that the Product will be free from
defects in materials and workmanship. 

  

	 	B.	 	Warranty of Non-Infringement, Indemnity. Supplier warrants and represents to the best of its knowledge and belief that the manufacturing methods used for making Product
infringes no patent or other intellectual property right of any third party. This does not apply to the extent the manufacturing method or design for a Product is specified by Medtronic, or to the extent the infringement arises out of the
combination of the Product with other products not supplied by Supplier. 

  

	 	C.	 	Disclaimer. THE ONLY WARRANTY GIVEN BY THE SUPPLIER WITH RESPECT TO THE PRODUCT IS EXPLICITLY STATED IN THIS AGREEMENT. SUPPLIER MAKES NO OTHER WARRANTY AND HEREBY EXPRESSLY
DISCLAIMS ALL OTHER REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. NO IMPLIED WARRANTY OF MERCHANTABILITY, NO IMPLIED WARRANTY OF FITNESS FOR ANY PARTICULAR PURPOSE, AND NO IMPLIED WARRANTY ARISING BY USAGE OF TRADE, COURSE OF
DEALING OR COURSE OF PERFORMANCE IS MADE BY SUPPLIER. NO REPRESENTATIVE OF SUPPLIER IS AUTHORIZED TO GIVE OR MAKE ANY OTHER REPRESENTATION OR WARRANTY, OR TO MODIFY THE FOREGOING WARRANTY IN ANY WAY. 

  

	 	D.	 	Compliance with Law. Medtronic will not be liable for, and Supplier assumes responsibility for and will defend, indemnify and save harmless Medtronic and its affiliates from,
all personal injury and property damages that occur during production (i.e. the formulation, fabrication, or manufacturing) of a Product or for claims based on violations of federal, state or local laws (including those applicable to employee or
environmental protection) in connection with such production (e.g., a claim based on Supplier’s violations of environmental standards or standards dealing with providing a safe place to work or the maintenance of hazardous materials).

  

	 	E.	 	Conflicts. Supplier represents and warrants to Medtronic that it has not entered into any agreement which conflicts with the terms of this Agreement and that it will not do
so during the term of this Agreement. 

  

	 	F.	 	 Medtronic Responsibility for Products Liability. Medtronic agrees to indemnify and hold harmless Supplier, its officers, agents, employees and authorized
representatives from and against any and all costs or damages arising out of or related to any claim or lawsuit alleging personal injury or death to any person as a result of the use of any Medtronic device in which Product is used, as long as
Product conforms to the Specifications and is free from defects in materials and workmanship. Medtronic will defend, manage and assume all costs of any lawsuit or claim related to this indemnification and Medtronic shall have the sole control of the
defense and settlement of any such claim. Supplier will notify Medtronic promptly after Supplier becomes aware 

  

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of any claim by any third party with respect to which Supplier would be entitled to indemnification hereunder. Supplier will not settle or offer to settle
any such claim or lawsuit without Medtronic’s prior written approval and the indemnity provided for in this Section 5.F shall not apply to amounts paid in settlement of any indemnifiable costs or damages if such settlement is effected without
the consent of Medtronic. 

  

	 	G.	 	Limitation of Remedies. IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER FOR ANY CONSEQUENTIAL, INDIRECT, INCIDENTAL, EXEMPLARY OR SPECIAL DAMAGES OF ANY KIND.

  

	 	H.	 	Representation. Each party hereto represents and warrants to the other that: (a) each party has the power and authority to execute and deliver this Agreement and each
Facility Supply Agreement and to perform its obligations hereunder and thereunder, (b) this Agreement and each Facility Supply Agreement has been duly authorized by all requisite corporate action, executed and delivered by such party, and
constitutes the legal, valid and binding obligation of such party, enforceable in accordance with their terms, subject, as to the enforcement of remedies, to the discretion of the courts in awarding equitable relief and to applicable bankruptcy,
reorganization, insolvency, moratorium and similar laws affecting the rights of creditors generally, and (c) the execution and delivery by such party of this Agreement and each Facility Supply Agreement and the performance by such party of its
obligations hereunder and thereunder will not violate or conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under, any provision of the Articles of Incorporation or By-laws of such party, as
amended from time to time hereafter, or any indenture, agreement or other instrument to which such party is now or hereafter a party or by which such party or any of such party’s properties or assets is now or hereafter bound.

  

	6.	 	INTELLECTUAL PROPERTY RIGHTS  

  

	 	A.	 	Medtronic Intellectual Property. 

  

	 	(1)	 	If Medtronic makes any know-how, trade secret or other intellectual property of Medtronic available to Supplier relative to the design or production of a Product, Supplier will be
deemed to receive a non-exclusive, non-transferable, revocable implied license under such intellectual property, Supplier acknowledges that such license is a “personal license” expressly limited to only such intellectual property of
Medtronic as is required for Supplier to produce and have produced the Products for supply to Medtronic. All such intellectual property will remain the property of Medtronic and will be subject to the confidentiality provisions of this Agreement. In
no case will Supplier use any such intellectual property for the benefit of any third party. 

  
 Supplier shall not have the right to sublicense any of its license rights hereunder. The license granted under this Section 6.A shall continue until the
date that this Agreement expires or is terminated, at which time said license shall terminate. Upon termination of said license, Supplier shall return to Medtronic all documentation in its possession containing or concerning any of the intellectual
property described in this Section 6.A. 
  

	 	(2)	 	No other license. No other license under any patents, know-how, trade secrets or other intellectual property of Medtronic is granted, and none is to be implied.

  

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	 	B.	 	Supplier Intellectual Property. 

  

	 	(1)	 	Agreement to Grant License. Supplier agrees to grant Medtronic a worldwide, non- transferable, paid-up non-exclusive license under all applicable intellectual property and
know how (including manufacturing processes) owned or otherwise licensable by Supplier to enable Medtronic to make, use, offer for sale, sell and import Products, in the event,and only in the event, that prior to the expiration of the term hereof,
Supplier is unable to provide specified quantities of Product under this Agreement, due to Supplier business failure, sustained business interruption or similar event, except in instance of the sale of all or substantially all of Supplier’s
assets to other than a direct competitor of Medtronic for the Products. . In no event shall the foregoing license, if and when granted, permit Medtronic to make, use, offer for sale, sell or import any product or service other than Products nor
permit Medtronic to have Products made by any third party. 

  

	 	(2)	 	Supplier Insolvency. Supplier agrees and acknowledges that the license to Medtronic in the intellectual property of Supplier shall at all times include at least each
applicable (A) trade secret; (B) invention, process, design, or plant protected under 35 U.S.C. §101 et seq., (C) patent application; (D) plant variety; (E) work of authorship protected under U.S. Copyright Law (17 U.S.C. §101 et
seq.); or (F) mask work protected under applicable U.S. Copyright Law (17 U.S.C. §101 et seq.) that is employed in the production of Products. In the event that a bankruptcy petition is filed by or on behalf of Supplier and Supplier,
or a custodian or trustee acting on behalf of Supplier, rejects this Agreement, Medtronic shall be permitted to elect to retain such license pursuant to §365(n) of the federal bankruptcy code (11 U.S.C. §101 et seq.).

  

	 	(3)	 	Any Invention (as defined below) conceived, reduced to practice or otherwise made, developed or acquired by one or more employees or agents of Supplier based on or derived in any
respect from any Confidential Information of Medtronic, by one or more employees or agents of Medtronic, or jointly by one or more employees or agents of both Supplier and Medtronic in connection with the performance of this Agreement, and which are
in the Field of Use, shall be the exclusive property of Medtronic. Supplier agrees to disclose to and assign to Medtronic all Inventions in the Field of Use and shall execute any and all documentation reasonably requested by Medtronic in connection
therewith. The decision of whether to file a patent application, and the filing of any such patent application, in respect of such Invention shall remain solely with Medtronic. 

  

	 	(4)	 	“Invention” means U.S. and foreign patents and patent applications, know-how, trade secrets, inventions, discoveries and technical information including but not limited to
information embodied in drawings, designs, copyrights, copyright applications, trademarks and trademark applications, material specifications, processing instructions, formulas, equipment specifications, product specifications, confidential data,
computer software, electronic files, research notebooks, invention disclosures, research and development reports and the like related thereto and all amendments, modifications, and improvements to any of the foregoing; and “Field of Use”
means medical devices for implantation into the human body which are functional substitutes for, or which are similar in function to, any of the Products identified in any Facility Supply Agreement, as modified from time to time provided that the
Field of Use does not include any methods or processes for making such medical devices nor the materials from which such medical devices are made. 

  

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	 	(5)	 	No other License. No other license under any patents, know-how, trade secrets or other intellectual property of Supplier is granted, and none is to be implied

  

	7.	 	CONTINUATION 

  
 If Supplier elects to exit the business of making a Product, except in connection with the sale of all or substantially all of its assets, Supplier will
give Medtronic notice twelve (12) months before such exit. Upon receipt of such notice, Medtronic will have an option, exercisable within 3 months thereafter, to invoke the license and technology transfer specified under paragraph 6.B. above for
such Product, and Medtronic and any applicable Facility will be entitled to submit a purchase order for Products in a quantity not in excess of the amount of Product purchased by Medtronic or the Facility during the previous twelve months, which
purchase order may not be rejected by Supplier. 
  

	8.	 	TERM AND TERMINATION 

  

	 	A.	 	Term. This Agreement shall become effective on the date first set forth above and unless earlier terminated in accordance with the terms herein, shall continue in force for
three (3) years. This Agreement shall renew for additional two (2) year renewal terms if Medtronic notifies Supplier in writing at least one (1) year prior to the scheduled expiration date of the initial term or any renewal term of Medtronic’s
intention to renew the Agreement, provided, Supplier shall have thirty (30) days from the date of Medtronic’s renewal notice to reject Medtronic’s renewal, in which case this Agreement shall expire on the scheduled expiration date.

  

	 	B.	 	Termination. This Agreement may be terminated as follows: 

  

	 	(1)	 	By either party for a material breach. Notice of default must be given, including specific charges of default and reasonable requirements to cure. The party in default will have 30
days after notice to cure. If the defaulting party fails to cure within that time, or if it cannot reasonably be expected that the defaulting party will achieve a cure within 30 days after the 30-day period, despite taking substantial steps to do
so, the party giving notice may terminate this Agreement immediately. 

  

	 	(2)	 	By Medtronic at any time after the occurrence of a Chronic Quality Event or a Chronic Late Event. 

  

	 	(3)	 	The bankruptcy, liquidation, dissolution of either party will entitle the other party to terminate this Agreement by notice, such termination to take effect immediately.

  

	 	(4)	 	Medtronic may terminate upon at least three (3) months’ advanced written notice to Supplier in the event of a Change in Control Event (as defined below), provided that such
notice is given within 180 days of Supplier’s giving notice of the Change in Control Event. 

  

	 	(5)	 	If Supplier (including its permitted assigns) elects to exit the business of making Product, Supplier shall give Medtronic written notice at least twelve (12) months before such
exit, in which case Medtronic may terminate this Agreement effective at the end of the twelve month notice period, or effective on any earlier date specified in a written notice given at least three (3) months in advance of such termination date.

  

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	 	(6)	 	Medtronic may terminate this Agreement on the date that is one (1) year prior to the scheduled expiration date of the initial term for any reason or no reason by providing notice to
Supplier to such effect prior to such date. 

  

	 	C.	 	Termination of Purchase Orders. Either party will have the right to terminate a purchase order in the event the other party fails to cure a material breach with respect to
the purchase order within thirty days after notice. Medtronic will have the right to terminate any purchase order for safety or regulatory reasons. 

  

	 	D.	 	Survival. All provisions which are continuing in nature, including but not limited to those involving confidential information, will survive termination of this Agreement.

  

	9.	 	MISCELLANEOUS 

  

	 	A.	 	Change in Control Event. In the event that Supplier is, or public disclosure is made by Supplier of any proposal for Supplier to be merged, sold, combined or consolidated
with another company which is a competitor to Medtronic, (including, but not limited to: Boston Scientific Corporation and its affiliates and any successor to, or assignee of, all or substantially all of its assets relating to its vascular business,
Johnson & Johnson and its affiliates and any successor to, or assignee of, all or substantially all of its assets relating to its vascular business and Guidant Corporation and its Affiliates and any successor to, or assignee of, all or
substantially all of its assets relating to its vascular business), Supplier shall, subject to applicable laws, provide Medtronic written notice identifying in detail the nature of such Change in Control Event (including but not limited to the
identification of parties involved or otherwise affected by such Change in Control Event) as soon as reasonably possible after Supplier learns of such Change in Control Event or such public disclosure is made, as the case may be.

  

	 	B.	 	Competitive Products. In the event that Supplier designs, manufactures, or sells Competitive Products (as defined below) for other customers, then the following provisions,
in addition to all other terms and conditions herein, shall apply at all times: 

  

	 	(1)	 	Supplier shall not disclose to such customers, shall take all possible steps to prevent disclosure to such customers of, and shall not in any fashion incorporate into any
Competitive Product, any Medtronic information, ideas, inventions, documentation, processes, in whatever form (whether written, oral, or electronic) that relate in any way to the Products. 

  
 “Competitive Products” shall mean products, components of/for
products, or assemblies of/for products which are competitive directly or indirectly with, or are otherwise functional substitutes for, the Products. 
  

	 	C.	 	Assignment. This Agreement may not be assigned by either party, without the prior written consent of the other party, except to (1) a direct or indirect wholly-owned
subsidiary, (2) any third party who will acquire, by sale of assets or otherwise (including merger), all or substantially all of the assets of such party or in the case of Medtronic, all or substantially all of its vascular business assets or (3)
any majority-owned or majority-controlled entity of the party. No such assignment will relieve the assigning party of its obligations hereunder. 

  

	 	D.	 	 Notices. All notices, requests or other communication required or permitted to be given under this Agreement will be in writing and will be delivered in
person (including express courier, such as Federal Express) or sent by certified or registered mail, postage and certification prepaid, to Medtronic or Supplier, at the address first above written. Any 

  

	 Memry Master Supply Agreement
	  	Page 11 of 13

	 	 
notice given as aforesaid will be deemed given and effective upon actual delivery. Any party may change its address for notice by notice given in accordance
herewith. 

  

	 	E.	 	Consents. Any approval, authorization or consent required by this Agreement must be in writing, duly signed by an authorized representative of the granting party.

  

	 	F.	 	No Joint Venture. Nothing contained in this Agreement will be deemed to create a joint venture, partnership, agency or similar endeavor between the parties hereto. Each party
will act solely as an independent contractor and neither part will have any power or authority to direct or indirectly bind or act on behalf of the other. 

  

	 	G.	 	Governing Law and Venue. This Agreement will be construed in accordance with and governed by the laws of the State of Minnesota, USA, without reference to its conflict of
laws principles. Any actions brought under this Agreement will be subject to the jurisdiction of the federal and state courts for Minnesota. 

  

	 	H.	 	Dispute Escalation. The parties will in good faith endeavor to resolve any disputes or differences of interpretation of this Agreement amicably, through dialog and
cooperation. In the event a dispute or difference is not promptly resolved at operational levels of the two organizations, the parties will escalate it for a good faith effort to achieve an amicable resolution at a senior business management level.

  

	 	I.	 	Merger. This Agreement and any Facility Supply Agreement(s) (including accompanying purchase orders) represent the complete agreement of the parties relative to the covered
subjects and supersedes and controls any prior representations or agreements relative to those subjects. 

  

	 	J.	 	Waiver; Amendment. No waiver by either party of any default of the other party will be held to be a waiver of any other or subsequent default. No term or condition of this
Agreement or any Facility Supply Agreement may be amended except in a writing executed by each party hereto or thereto. 

  

	 	K.	 	Severability. If any provision contained or referred to in the Agreement shall be determined to be legally invalid or unenforceable, such provision shall be ineffective to
the extent of such invalidity or unenforceability without affecting the remaining provisions of the Agreement which shall continue to be valid and enforceable to the fullest extent permitted by law. 

  

	 	L.	 	Order of Precedence. In order of priority, the terms of any order will be defined by the terms of (a) this Agreement, (b) the Facility Supply Agreement, (c) the typed
portions of Medtronic’s purchase order, (d) the typed portions of Supplier’s acceptance and (e) the printed terms of Medtronic’s order. 

  

	 	M.	 	Business Reviews. Periodic Facility business reviews will be held in conjunction with Medtronic and Supplier, on a periodic basis as agreed to, to discuss the following
issues: 

  

	 	(1)	 	General Business Update 

  

	 	(2)	 	Quality Performance, any Corrective Actions, and Goal Setting 

  

	 	(3)	 	Delivery Performance and any Corrective Actions 

  

	 	(4)	 	Engineering Support Issues including review of existing and planned projects 

  

	 	(5)	 	Cost Review including Cost Adjustments and Cost Reduction Goal Setting 

  

	 Memry Master Supply Agreement
	  	Page 12 of 13

 The parties have caused this Agreement to be executed as of the Effective Date. 
  

	 Memry Corporation
 (“Supplier”)
	  	 MEDTRONIC, INC.
 (“Medtronic”)

		
	 By:
  
 /s/ James G. Binch

	  	 By:
  

/s/ Roger Chapman

		
	 Type/Print Name:
  
 James G. Binch

	  	 Type/Print Name:
  
 Roger Chapman

		
	 Title:
  

Chairman & CEO

	  	 Title:
  
 VP SANTA ROSA OPERATIONS

  

	 Memry Master Supply Agreement
	  	Page 13 of 13

 EXHIBIT A 
  

Contract No. MRYMDT003 
  
 FACILITY SUPPLY AGREEMENT 
  
 This Facility Supply Agreement is made pursuant and subject to the terms and conditions of the Master Supply Agreement (the “Master Agreement”) dated June 13,
2003 between Medtronic Inc., a Minnesota corporation (“Medtronic”), and Memry Corporation, a Delaware corporation (“Supplier”). 
  
 Medtronic Facility: Medtronic AVE 
  
 Term: Beginning on June 13, 2003 and continued in force for three years, as per the Master Supply Agreement dated June 13, 2003 by and between Medtronic, Inc. and
Memry Corporation. 
  
 Products: See Exhibit A1. 
  
 Prices: To be developed on a separate letter agreement. 
  
 Specifications: See Exhibit A1 (the specifications in this exhibit are incorporated
into this Agreement by reference) 
  
 Initial Forecast: See Exhibit A2

  
 Right of First Refusal: Supplier is hereby granted the Right of First
Refusal for all future iterations of Products as listed herein, during the term of the Agreement. Supplier will be awarded the prototype development and production rights for same contingent upon its ability to meet the quality and comparable price
of any alternate Supplier. 
  
 This Facility Supply Agreement is executed as of
the 13th day of June, 2003. 
  

	  

 (“Supplier”)
	  	
 Medtronic
“Facility”

		
	 By:
  
       /s/ James G. Binch

	  	 By:
  

      /s/ Roger Chapman

		
	 Type/Print Name:
  
       James G. Binch

	  	 Type/Print Name:
  
       Roger Chapman

		
	 Title:
  

      Chairman & CEO

	  	 Title:
  
       VP Operations—Santa Rosa

 EXHIBIT A1 
  

Product Description 

  
 AVE Nitinol Tubing 
  
 Tube BB 67x86x60 
  
 MPN # 10287w 
  
 Tube BB 67X80.4X60 
  
 MPN # 10290w 
  
 Tube BB 156.6x184x60 
  
 MPN # 10278w 
  
 AneuRx Stent Rings 
  
 Talent
Stent Rings—Including, but not limited to, Singles, Doubles, and Tapered Rings 
  
 Flat Springs 
  
 Flat Springs 
  
 Guide Cores 
  
 WM0507—Thoracic, no tip 
 MPN 10019e 
 WM1748—Thoracic .032 
 MPN 10552e 
 WM1749—Abdominal .032 
 MPN 10553E

 WM105914—Abdominal Roughened flex. tip 
 MPN 10731E

  
 Specifications: 
  
 Attached as Exhibit A3 to Facility Agreement

  
 Additional Products may be added to this Exhibit A by written
addendum signed by 
 an authorized representative of each party. 

 EXHIBIT A2 
  

	 	 	Jul

	 	Aug

	 	Sep

	 	Oct

	 	Nov

	 	Dec

	 	Jan

	 	Feb

	 	Mar

	 	Apr

	 	May

	 	Jun

	 AneuRx
	 	23,000	 	23,000	 	23,000	 	20,000	 	20,000	 	20,000	 	12,000	 	12,000	 	12,000	 	1,000	 	1,000	 	1,000
													
	 Talent-Non Patient
 Specific
  
 350 equivalents daily
	 	7700	 	7700	 	7700	 	7700	 	7700	 	7700	 	7700	 	7700	 	7700	 	7700	 	7700	 	7700
													
	 WM0539
 Flat Springs
  
 monthly avg = 195
	 	254	 	198	 	205	 	212	 	164	 	176	 	139	 	218	 	218	 	192	 	215	 	145
													
	 WM1748
  
 Core Wire, Thoracic
  
 monthly avg = 478
	 	815	 	490	 	610	 	545	 	410	 	450	 	285	 	400	 	510	 	395	 	410	 	415
													
	 WM1749
  
 Core Wire, Abdominal
  
 monthly avg = 573
	 	1520	 	650	 	755	 	625	 	450	 	435	 	295	 	445	 	500	 	405	 	375	 	425
													
	 WM105914
  
 Core Wire, Flex Tip
  
 monthly avg = 627
	 	365	 	240	 	310	 	435	 	490	 	610	 	560	 	850	 	1085	 	845	 	875	 	855

  
 Initial Forecast for
all above AVE Tubing Products will be submitted to Supplier once products are entered into the BOM System. This forecast, once provided, will constitute the Initial Forecast and will be subject to all terms and conditions under this Agreement.

 EXHIBIT B 
  

Contract No. MRYMDT003 
  
 FACILITY SUPPLY AGREEMENT 
  
 This Facility Supply Agreement is made pursuant and subject to the terms and conditions of the Master Supply Agreement (the “Master Agreement”) dated June 13,
2003 between Medtronic Inc., a Minnesota corporation (“Medtronic”), and Memry Corporation, a Delaware corporation (“Supplier”). 
  
 Medtronic Facility: Medtronic AVE Massachusetts 
  
 Term: Beginning on June 13, 2003 and continued in force for three years, as per the Master Supply Agreement dated June 13, 2003 by and between Medtronic, Inc. and
Memry Corporation. 
  
 Products: See Exhibit B1. 
  
 Prices: To be developed on a separate letter agreement. 
  
 Specifications: See Exhibit B1 (the specifications in this exhibit are incorporated
into this Agreement by reference) 
  
 Initial Forecast: See Exhibit B2

  
 Right of First Refusal: Supplier is hereby granted the Right of First
Refusal for all future iterations of Products as listed herein, during the term of the Agreement. Supplier will be awarded the prototype development and production rights for same contingent upon its ability to meet the quality and comparable price
of any alternate Supplier. 
  
 This Facility Supply Agreement is executed as of
the 13th day of June, 2003. 
  

	  

 (“Supplier”)
	  	
 Medtronic
“Facility”

		
	 By:
  
       /s/ James G. Binch

	  	 By:
  

      /s/ John Mazzola

		
	 Type/Print Name:
  
       James G. Binch

	  	 Type/Print Name:
  
       John Mazzola

		
	 Title:
  

      Chairman & CEO

	  	 Title:
  
       Site VP

 EXHIBIT B1 
  

Product Description 

 MC1038-06 Rev K Hypotube, Straight Nitinol 
 RM00890 Rev 02 173cm Nitinol Hypotube 
  
 Specifications: 
  
 Attached as Exhibit B3 to Facility Agreement 
  
 Forecasting; Binding Commitments. 
  
 Medtronic AVE Massachusetts shall issue to Supplier a twelve (12) month rolling forecast of its requirements for Product (“Forecast”). This Forecast will be
updated no less often than monthly as provided for in Section 2.C of the Master Supply Agreement, and Medtronic will use commercially reasonable efforts to level load (i.e., allocate annual demand equally across all 12 months of the Forecast) the
Forecast. The first three (3) months of the Forecast will be a firm commitment to purchase those volumes of each such Part Number. In each such successive monthly update of the Forecast, Medtronic may decrease the total amount of Products provided
that: 
  
 (i) the aggregate decrease for such Part Family for a
particular month from the point at which such month is month six (6) in a Forecast until the time that same month becomes month three (3) of a Forecast shall not exceed twenty percent (20%) of the amount forecast for such Part Family for such month
when it was month six (6) of the Forecast; 
  
 (ii) the aggregate
decrease for such Part Family for a particular month from the point at which such month is month nine (9) in a Forecast until the time that same month becomes month six (6) of a Forecast shall not exceed twenty-five percent (25%) of the amount
forecast for such Part Family for such month when it was month nine (9) of the Forecast; and 
  
 (iii) the aggregate decrease for such Part Family for a particular month from the point at which such month is month twelve (12) in a Forecast until the time that same month becomes month nine (9) of a Forecast shall
not exceed thirty percent (30%) of the amount forecast for such Part Family for such month when it was month twelve (12) of the Forecast. 
  
 Firm orders for first three months of RM00890 will be provided in the form of a purchase order and future requirements beyond 3 months will be included in the forecasts
for MC1038-06 until this is moved into a production part. 
  
 Additional Products may be added to this Exhibit B by written addendum signed by an 
 authorized representative of each party.

 EXHIBIT B2 
  

Initial Forecast: 
  
 7/18 & 7/25 thru 8/22 thru 9/26 thru 10/24 thru 11/21 thru 12/26 thru 1/23/04 thru 2/20 thru 3/26 thru 4/30 thru 5/27 
  

	 # days in
 fiscal month
	  	21	  	20	  	24	  	20	  	20	  	20	  	19	  	20	  	25	  	20	  	20	  	25
	 	  	July

	  	Aug

	  	Sept

	  	Oct

	  	Nov

	  	Dec

	  	Jan

	  	Feb

	  	Mar

	  	Apr

	  	May

	  	June

	 MC1038-06
	  	2,000	  	4,400	  	5,500	  	4,000	  	5,000	  	4,000	  	4,000	  	4,000	  	5,000	  	4,000	  	4,000	  	5,000
	 	  	1	  	2	  	3	  	4	  	5	  	6	  	7	  	8	  	9	  	10	  	11	  	12

  
 Tubes will be shipped
throughout the month on a weekly basisAgreement dated January 30, 2003

 EXHIBIT 10.51 
  
 AGREEMENT 
  
 THIS AGREEMENT (the “Agreement”) is made effective as of this 30th day of January 2003, by and between Memry Corporation, having its principal
place of business at 3 Berkshire Boulevard, Bethel, CT 06801 (“Memry”), and United States Surgical, Division of Tyco Healthcare Group LP, having its principal place of business at 195 McDermott Road, North Haven, CT 06473, on its own
behalf and on behalf of its subsidiaries and affiliates (“Customer”). 
  
 Recitals: 
  

	A.	 	Customer develops, manufactures and sells certain medical products on a worldwide basis for use in critical medical procedures. 

  

	B.	 	Customer desires to obtain, and Memry desires to manufacture for and make available to Customer, products for Customer’s use in the manufacture of various products.

  

	C.	 	Memry has been supplying Customer with products for certain of such products. 

  

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, the parties agree as follows: 
  
 Article I: Manufacture, Purchase and Supply of Products; Terms;
Acceptance  
  
 1.1 Supply. 
  

	A.	 	Memry shall supply the products listed and further described on Exhibit A (the “Products”) on the terms and conditions set forth in this Agreement.

  

	B.	 	Subject to the provisions of Section 1.3 of this Agreement, during the term of this Agreement, Customer shall be required to purchase the Products exclusively from Memry and
Customer shall be precluded from manufacturing the Products internally. 

  
 1.2 Purchase Orders. Customer or its designee shall issue a purchase order to Memry for the Products as desired. Each order placed by Customer for Products during the term of this Agreement (“Purchase
Order”) shall be subject to the terms and conditions set forth in this Agreement, including Customer’s Standard Terms and Conditions referred to herein. In the event of modifications from a Purchase Order after its original submission,
Memry shall use reasonable efforts to satisfy Customer’s revised volume and/or timing requirements. If there is any conflict between the terms of this Agreement and Customer’s Standard Terms and Conditions, the terms of this Agreement
shall control. Customer shall issue a Purchase Order for Products 30 days prior to the beginning of each Contract Year during the term of this Agreement, and each Purchase Order shall, consistent with the terms of this Agreement, specify applicable
prices, quantities, delivery schedule, destination, any special specifications, trace documentation, and other information necessary for the Purchase Order to be processed. Not less than 30 days prior to the beginning of each quarterly period in the
Contract Year Customer may revise the quantities and delivery schedule applicable to such quarterly period and the balance of such Contract Year. Each Purchase Order shall be subject to Customer’s Purchase Order Standard Terms and Conditions
set forth in Exhibit C, except where terms are conflicting to those indicated in this Agreement, at which point the Agreement terms shall prevail. 
  
 1.3 Exclusivity. During the term of the Agreement, Memry shall not manufacture or supply any organ retrieval bags to any customers other than Customer. Customer
will not purchase Nitinol based components for organ retrieval bags from any other supplier, nor shall Customer purchase finished sub-assembly products as outlined in Exhibit A, from any supplier other than Memry unless, during the term of this
Agreement, Customer develops an organ retrieval bag other than those listed on Exhibit A, and pursuant to section 7.9 of this Agreement, Memry is unable to demonstrate to the satisfaction of Customer that it can manufacture and supply such items, or
the pricing, quality, or service levels provided by Memry, are unacceptable to Customer. 

 1.4 Volume Assumptions. The prices set forth in Exhibit A are based on estimated annual volume of 600,000 to
750,000 units per year. If actual volume for any quarter is less than 150,000 units or greater than 187,500, Customer and Supplier agree to negotiate in good faith revised pricing. Notwithstanding the foregoing, Customer shall have no minimum volume
purchase obligations or requirements. 
  
 1.5 Price. The prices to be paid
by Customer for the Products purchased hereunder are set forth on Exhibit A or, for new items added as Products during the term of this Agreement, as may be agreed upon in writing by the parties. These prices include packaging costs and all
applicable taxes and other governmental charges, but do not include shipping costs, which Customer shall pay. 
  
 1.6 Payment Terms. Memry shall submit invoices upon shipment of the applicable Products, and Customer shall pay such invoices in full within 45 days after the later of: (a) acceptance of the Products, or (b)
receipt of the related invoices, unless Customer disputes the invoice. Memry shall also give Customer a 2% discount for payments made within 10 days after the later of receipt of the applicable invoice or receipt of the applicable Products.
Notwithstanding the foregoing, upon the request of any subsidiary of Customer, Memry shall directly invoice such subsidiary for, and such subsidiary shall directly be responsible for payment of Products ordered by such subsidiary. 
  
 1.7 Shipping. Memry shall ship all Products according to Customer’s shipping
instructions, FOB delivered freight prepaid, with title to the Products and risk of loss and damage passing to Customer upon delivery of the Products to the carrier specified by Customer. Memry shall pack all Products suitably for shipment according
to the common carrier’s requirements and in such manner as to secure lowest transportation cost and to protect against damage during transport. Memry shall manufacture, store and transport all Products consistent with the applicable
requirements to ensure the quality of the Products, including without limitation all requirements relating to storage, handling, temperature, humidity controls, etc. Customer shall pay all actual shipping costs. 
  
 1.8 No Back orders. Memry shall plan production schedules and provide the Products in
accordance with the Purchase Orders, to the extent that such Purchase Orders are consistent with the then current forecasts, without back orders. 
  
 1.9 Acceptance. Customer may inspect Products at its facility. Products will be deemed accepted by Customer unless Customer notifies Memry in writing that such
Products have been rejected within ten business days of their delivery to Customer. Customer may return non-conforming Products to Memry for credit, refund of purchase price or replacement at Customer’s option. Memry shall bear all costs
(including shipping) and risk of loss for such returned Products provided that Memry has provided Customer written authorization to return such Products, which authorization shall not be unreasonably withheld. Products shall be deemed non-conforming
if Customer determines in its reasonable inspection that they fail to materially comply with the Product Specifications (defined below) and timely furnish Memry with a written report specifying such non-conformity. All Products returned to Memry for
replacement shall be replaced by Memry and shipped to Customer at Memry’s expense within ten (10) business days of Memry’s receipt of notice from Customer concerning the non-conforming Product(s). 
  
 1.10 Inventory. Memry agrees to maintain a two (2) week inventory of P/N 10000-12043,
or P/N 10000-20114, if the former is superseded by the latter, based upon shipping an average of 16,000 units per week. This inventory will be maintained on a constant basis, as safety stock to account for fluctuations in demand. In the event one
half or greater of this inventory is depleted at any given time, Memry will advise Customer of rebuild schedule therefore simultaneous to current shipment schedule, such rebuild schedule not to exceed a six month time period. Said six month schedule
will also be consistent to original build of inventory, unless Memry can reasonably complete same in a shorter time period. 

 Article II. Specifications; Quality Assurance; Inspections; Manufacture Support 
  
 2.1 Product Specifications and Quality Assurance. 
  

	A.	 	All Products supplied by Memry shall: 

  

	(i.)	 	Meet all standards and specifications set forth in this Agreement, including those set forth on Exhibit B hereto, subject to change upon 90 days prior written notice by Customer
(the “Specifications”) and all other applicable specifications, drawings, samples and descriptions approved by Customer. Notwithstanding the foregoing, Memry shall not be required to accept changes to the Specifications if the resulting
Product is not within Memry’s then-current production capabilities. In the event Memry is unable to accept the Specification changes as provided above, Memry shall provide Customer with documentation to support its claim that such Specification
changes are not within Memry’s then-current production capabilities. 

  

	(i.i.)	 	comply with all applicable laws and regulations, including without limitation those relating to manufacturing, packaging, labeling and sale of the Products and the Fair Labor
Standards Act and all regulations and orders issued thereunder; 

  

	(i.i.i.)	 	meet ISO 9001 standards; 

  

	(i.i.i.i)	 	consist only of materials, components and other items that are new and of suitable quality for their intended purpose; and 

  

	(i.i.i.i.i)	 	be free from any defects in material or workmanship; (clauses (i) through (iiiii) are collectively referred to herein as “QA Standards”). 

  

	B.	 	Memry agrees to maintain ongoing quality assurance and testing procedures sufficient to satisfy: (a) the QA Standards; (b) Memry’s quality assurance policies and procedures;
and (c) Customer’s standard requirements to be approved as a vendor. If Customer determines that the Products are subject to review and periodic audits of supplied data, Memry shall supply a certificate of compliance setting forth information
required by Customer pertaining to each lot of Products to verify compliance with minimum levels of conformance according to the Specifications. Memry may use any of its nitinol ingot melters and/or vendors to supply the nitinol for the Products
provided that the material meets Memry’s then current specifications for incoming nitinol alloys and provided that the Products manufactured from said incoming nitinol alloys meet the Specifications. Upon Customer’s request, Memry shall
perform any failure analyses and take any necessary corrective action with respect to any defects in any Product. 

  

	C.	 	Memry shall take all actions necessary to become and remain a “certified supplier” under Customer’s corporate quality assurance requirements.

  

	D.	 	Memry agrees to give Customer prompt written notice if it becomes aware of any adverse facts or issues relating to the safety or efficacy of any Product sold hereunder to Customer.

  
 2.2 Documentation and Inspections. Memry agrees to
provide Customer with copies of all: (a) reasonably requested documentation in its possession relating to Products, Specifications, compliance with QA Standards, raw material vendor, manufacturing processes and proof of manufacturability (including
packaging and labeling); and (b) U.S. and international regulatory approvals, regulatory inspections, and other communications with regulatory authorities related to the Products. Upon two business days written notice, Customer and its
representatives shall have the right, during regular business hours, to enter upon and examine the plants and other facilities where the Products are manufactured, packaged and/or stored, and to make any further examination reasonably necessary to
properly ascertain compliance with the QA Standards and this Agreement. In connection therewith, Customer may to the extent it deems reasonably 

 necessary or appropriate, observe and examine all operating methods, quality assurance procedures and production and
inventory records relevant to the business conducted pursuant to this Agreement. Customer’s rights under this Section 2.2 shall not extend to those portions of information, records, processes, or procedures that reveal Memry’s trade
secrets or which Memry is obligated to keep confidential by virtue of agreements with third parties. 
  
 2.3 Required Notification. Memry shall, at least 90 days prior to making any substantial changes in the materials, processing, composition, Specifications, manufacturing processes, manufacturing locations,
inspection, testing, or performance characteristics of any Product: (i) give notice to Customer disclosing in reasonable detail the proposed change and the possible effects, if any, on the Products; and (ii) provide a sample of the affected Product,
incorporating such proposed change for Customer’s review and approval. Memry shall not implement any such change without Customer’s prior written approval, which may be withheld, by Customer as it deems necessary or desirable. 

 
 2.4 Tracing. Memry agrees to trace and maintain records regarding the source and
lot number of each Product. Memry agrees to maintain such records for not less than five years after the termination or expiration of this Agreement. 
  
 Article III: Confidentiality 
  
 3.1 Confidential Information. 
  

	A.	 	For purpose of this Agreement, “Confidential Information” means all information disclosed by or on behalf of one party to the other party, or any of their respective
employees, officers, directors affiliates, agents, representatives, successors or assigns (“Representatives”) regarding the party’s or any of its agents’ or affiliates’ technology, designs, know-how, computer programs,
products, markets, business plans, and the terms and conditions and the conditions and the nature of this Agreement, except information that: (a) is at the time of disclosure, or thereafter becomes, a part of the public domain without breach of this
Agreement by the receiving party; (b) is lawfully in the possession of the receiving party prior to disclosure by the disclosing party as shown by the receiving party’s written records; (c) is lawfully disclosed to the receiving party by a
third party that did not acquire such information under an obligation of confidentiality to the disclosing party; (d) is independently developed by the receiving party without use of the disclosing party’s Confidential Information as shown by
written records; or (e) is required to be disclosed in compliance with a governmental regulation, provided that the receiving party shall notify the disclosing party in advance of any such disclosure, if feasible. The parties agree to: (x) limit
dissemination of Confidential Information to only those Representatives having a “need to know”; (y) advise each Representative who receives Confidential Information that such information is confidential; and (z) require each
Representative to comply with all obligations of the respective party relating to confidentiality and non-disclosure. 

  

	B.	 	Neither party shall issue a press release or other announcement concerning this Agreement, the transactions contemplated herein or the relationship between the parties without the
prior written approval of an authorized representative of the other party, which approval shall not be unreasonably withheld if such disclosure is required by law. 

 3.2 Confidentiality Obligation. Neither party shall: (i) disclose the other party’s Confidential Information
to any person or entity other than its Representatives on a “need to know” basis only; nor (ii) appropriate or use the other party’s Confidential Information in its own manufacture of products or for any other purpose. Neither party
shall, by virtue of either this Agreement or its manufacture of the Products, obtain any title to or any interest or license in, any of the other party’s Confidential Information. Within 60 days after termination or expiration of this
Agreement, each party shall return to the other party all Confidential Information of the other party (including all copies thereof) that the party received from the other party, or prepared from Confidential Information received from the other
party, provided however that each party shall have the right to retain one copy of all Confidential Information, or prepared from Confidential Information received from the other party, of the other party in its law department files for archival
purposes. 
  
 3.3 Injunctive Relief. Each of the parties agree that any
breach by a party under this Article III may cause irreparable injury to the other party which may be difficult to quantify. Therefore, the non-breaching party may seek the entry of temporary and permanent injunctive or other equitable relief, as
well as any other remedies available at law. 
  
 Article IV:
Representations and Warranties; Additional Covenants; Limitation of Warranty; Limitation of Liabilities 
  
 4.1 Of Memry. Memry represents and warrants that the Products that are delivered to Customer hereunder shall: 
  

	(a)	 	conform to and be manufactured, packaged and stored in accordance with the QA Standards and Memry’s quality assurance polices and procedures; 

  

	(b)	 	conform in all respects with the requirements of this Agreement, including the then-current Specifications, and the applicable Purchase Order; 

  

	(c)	 	subject to Section 5.4, not infringe the patent claims or trade secrets of any person and Memry shall indemnify and defend Customer and its affiliates against all such infringement
claims, demands, actions, losses, damages, fines, penalties, costs and expenses (including attorneys’ fees); and 

  

	(d)	 	be free and clear of all liens and encumbrances, or other defects in title. 

  
 The foregoing representations and warranties shall survive inspection, delivery, and payment of the applicable Products, and shall be for the benefit of Customer and its
customers. 
  
 4.2 Other Representations and Warranties. Each of the
parties hereby represents and warrants to the other that; (a) it has full power and authority required to enter into, execute and deliver this Agreement, to carry out its obligations hereunder and to perform the transactions contemplated; (b) this
Agreement has been duly executed and delivered by, is the valid and binding obligation of and is enforceable against such party in accordance with its terms; and (c) the execution, delivery and performance of this Agreement by such party does not
conflict with or violate any other agreement to which it is a party or by which it is bound, or any applicable law to which it is bound or subject. 
  
 4.3 Use of Name. Neither party shall, without the prior written consent of the other party, use in advertising, publicity, or otherwise, the name, trademark, logo,
symbol, or other image of the other party including without limitation, any of such relating to Customer or any affiliate of Customer 

 4.4 Warranty and Liability Limitation. Other than the express warranties made in Article IV and elsewhere in
this agreement Memry makes no warranty or representation, express or implied, by operation of law or otherwise, as to the merchantability or fitness for a particular purpose of the goods sold hereunder. Customer acknowledges that it alone has
determined that the goods purchased hereunder will suitably meet the requirement of their intended use. 
  
 It is expressly understood that any technical advice furnished by Memry with respect to the use of its goods or services is given without charge, and Customer assumes no obligation or liability for the advice given
or results obtained, all such advice being given and accepted at Customer’s risk. 
  
 Except as set forth in Sections 4.1 and 5.1 should Memry breach any express warranties made herein Customer’s only remedy and Memry’s only obligation shall be the replacement or repair by Memry of such
non conforming goods F.O.B. Memry’s plant, or the refund of the price paid for such defective goods, at Memry’s option. Memry will not be liable for consequential, incidental or any damages other than repair or replacement of defective
goods or refund of the purchase price paid for such defective goods, at Memry’s option. 

 Article V: Indemnification; Insurance 
  
 5.1 Indemnification by Memry. Memry shall indemnify, defend and hold harmless,
Customer and its affiliated entities (including subsidiaries), and Customer’s and such entities’ respective officers, directors, agents, insurers, employees, shareholders, and customers, from and against all claims, suits, liability, and
expense (including but not limited to reasonable attorneys’ fees), (each a “Liability”), whether or not such Liability is stated as a product liability claim, a strict liability claim or other similar claim, that is caused by or based
upon any: (a) breach by Memry of any of the representations or warranties in Article IV, including without limitation any Liability based upon any alleged defect in a Product resulting form Memry’s failure to meet the Specifications or QA
Standards; (b) material breach by Memry of any other provision of this Agreement; or (c) the negligence, misconduct, or violation of any applicable law, rule or regulation by Memry or any of its affiliates in the performance of Memry’s
obligations under this Agreement; provided, however, that Customer shall: (i) give Memry prompt notice of any such Liabilities; (ii) give Memry all information in its possession relating to such Liabilities; (iii) permit Memry to defend the same
through its counsel and (iv) give its authorization for and assistance in such defense. 
  
 5.2 Indemnification by Customer. Customer shall indemnify, defend and hold harmless Memry and its affiliated entities (including subsidiaries), and Memry’s and such entities’ respective officers, directors, agents,
insurers, employees, and shareholders (“Memry Indemnities”) from and against all Liabilities relating to any product manufactured or sold by Customer that incorporates a Product to the extent such Liabilities are based upon allegations of
personal injuries, death, or property damages or loss proximately caused by the use of a product manufactured or sold by Customer, whether such Liability is stated as a product liability claim, a strict liability claim or other similar claim;
provided, however, that 
  

	A.	 	Memry shall: (i) give Customer prompt notice of any such Liabilities; (ii) give Customer the right to assume full and sole control of the defense or settlement of the same through
Customer’s counsel; (iii) give Customer all information in its possession relating to such Liabilities; (iv) give its authorization for and assistance in such defense; and (v) give Customer the right to approve any settlement, which approval
shall not be unreasonably withheld; and 

  

	B.	 	Customer shall not indemnify, defend or hold harmless the Memry Indemnities for any matter which would give rise to a claim by Customer for indemnity from Memry under Section 5.1.

  

	C.	 	Customer shall have sole and unqualified discretion to select attorneys to defend any Liability which is the subject of Customer’s obligations hereunder, and, notwithstanding
anything contained herein to the contrary, Customer’s Liability for attorney fees will only apply to Customer-selected attorneys. 

  
 5.3 Insurance. 
  

	A.	 	Memry shall purchase and maintain in full force and effect, during the term hereof and for a period of 10 years after the termination or expiration of this Agreement, comprehensive
general liability insurance or equivalent self-insurance (including but not limited to product liability, completed operations, vendor’s coverage, and contractual liability, including Memry’s indemnification obligations under Article V of
this Agreement), in an amount not less than $5 million in the aggregate and $2 million per occurrence. 

	B.	 	Customer shall purchase and maintain in full force and effect, during the term hereof and for a period of 10 years after the termination or expiration of this Agreement,
comprehensive general liability insurance or equivalent self-insurance (including but not limited to product liability, completed operations, vendor’s coverage, and contractual liability, including Customer’s indemnification obligations
under Article V of this agreement), in an amount not less than $5 million in the aggregate and $2 million per occurrence. 

  

	C.	 	Upon Memry’s or Customer’s written request, the other party shall provide a certificate of insurance evidencing the coverage required under this Section 5.3 which provides
that the insurer(s) will endeavor to give the requesting party at least 30 days written notice prior to any non-renewal, cancellation or reduction of such coverage. 

  
 5.4 Patent Infringement. Customer will defend and indemnify Memry and its directors, officers, and employees, in any claim or action
brought against Memry, alleging that a Product infringes a United States patent, copyright, or trade secret right because it contains the component purchased by Memry from the bag subsupplier specified by Customer. Memry must promptly notify
Customer of the claim or action, give reasonable assistance to Customer, and permit Customer the exclusive control of the defense. Memry must not take any action that impairs Customer’s defense. Customer will pay all damages and costs finally
awarded against Memry in any suit based on the infringement claim, but Customer will have no liability for settlements or costs incurred without its consent 
  
 Article VI: Term and Termination 
  
 6.1 Term. Subject to Section 6.2, the initial term of this Agreement shall commence on the date hereof and end as September 30, 2005. As used in this Agreement,
the term “Contract Year” shall mean each of the 12-month periods beginning on October 1 during the term of this Agreement; provided, however, that the initial “Contract Year” shall mean the period commencing on the date of this
Agreement and ending on September 30, 2003. The parties shall begin discussions on or about October 1, 2004 regarding whether to extend the term of this Agreement beyond the initial term, and any such extension beyond the initial term shall be in
writing and signed by both parties. 
  
 6.2 Early Termination. 

 

	A.	 	Notwithstanding Section 6.1 hereof, either party shall have the right to terminate this Agreement without liability therefore, after written notice to the other if the other party:
(i) breaches any of its obligations under this Agreement and fails to cure such breach within 60 days of receiving written notice from the non-breaching party; or (ii) becomes the subject of voluntary or involuntary bankruptcy, reorganization,
receivership, or insolvency proceedings that are not dismissed within 60 days after commencement thereof. 

  

	B.	 	Notwithstanding Section 6.1 hereof, Customer shall also have the right to terminate this Agreement and its obligations hereunder (other than its obligations with respect to the
Products scheduled to be released in the 90 days after issuance of such notice to termination) upon 90 days’ prior written notice to Memry, if Customer deems necessary, if Customer’s related product launches are delayed or canceled as a
result of regulatory delays or other regulatory or clinical issues. 

  

	C.	 	Notwithstanding Section 6.1 hereof, Memry shall also have the right to terminate this Agreement after 45 days written notice to Customer of Customer’s failure to pay any
undisputed invoice from Memry and Customer fails to cure such default within such 45 day period. 

  

	D.	 	In the event that Customer terminates this Agreement and its obligations hereunder pursuant to Section 6.2 B, Customer shall nevertheless be obligated to immediately purchase from
Memry the 

	 	 
inventory described in Section 1.10 above at then current prices. 

  

	E.	 	Customer may terminate this Agreement, with a 1 year written notice, subsequent to year one of initial term, if product other than the Products listed in Exhibit A, is introduced by
Customer during the term of this Agreement as substitute or replacement for Products listed in Exhibit A. Under these circumstances no penalty or other obligation shall be the responsibility of the Customer, provided that Section 7.9 is satisfied.

  
 6.3 Force Majeure. Neither party shall be in default in
the performance of its obligations under this Agreement if such performance is prevented or delayed because of war or similar unrest, labor dispute or strike, transportation difficulties, unavailability of necessary raw materials, an act or omission
of Memry’s bag subsupplier for which Memry was not at fault, epidemic, fire, natural disaster, any law, rule or regulation of any government or other authority, acts of God, or other similar cause, that is beyond the control of or could not
have reasonably been prevented by the party whose performance is affected; provided, however, that if such delay continues for 90 days or more, then Customer may upon written notice immediately cancel all or any portion of unfilled Purchase Orders
and terminate this Agreement, except in the instance of an act or omission of Memry’s bag subsupplier for which Memry was not at fault, in which case a viable bag alternative that is qualified by Customer, and meets Customer’s
specifications, pricing, quality, and service levels, will be sourced for supply continuation, and in that case this Agreement will remain in full force and effect, in accordance with the terms hereof. 
  
 Article VII: Miscellaneous 
  
 7.1 Independent Contractors. The parties hereto are independent contractors and
nothing contained in this Agreement shall be deemed to create the relationship of employment, partnership, joint venture or any association or relationship between the parties other than that of supplier and buyer. 
  
 7.2 Entire Agreement; Amendments. The terms of this Agreement shall constitute the
entire agreement between the parties as to each and all manufacturing and sales of Products. No additional or different terms set forth in correspondence concerning such manufacturing and sales, including Purchase Orders, shall be of any force or
effect. All exhibits attached to this Agreement, and the Specifications and other documentation referenced herein, are hereby incorporated by reference in this Agreement and made a part hereof. This Agreement may be amended only by a writing signed
by both parties. This Agreement is intended to be for the benefit of Customer and its subsidiaries and affiliates. 
  
 7.3 Governing Law: Severability. This Agreement shall be governed by and construed in accordance with the internal laws of the state of Connecticut (without
reference to principles of conflicts of laws). If any provision of this Agreement is determined to be unenforceable or prohibited by applicable law, such provision shall be ineffective only to the extent of such unenforceability or prohibition,
without invalidating the remaining provision of this Agreement, as long as the general intent of the Agreement remains capable of being effected.  
  
 7.4 Waiver; Remedies. The waiver of a breach of provision of this Agreement shall not be deemed a waiver of any other breach of the same or different provision of
this Agreement. Termination of this Agreement, or the exercise of any remedy herein, shall not be deemed to be an exclusive remedy, and shall be in addition to any other remedies available at law or in equity. The parties acknowledge and agree that
time is of the essence with respect to all matters under this Agreement. 

 7.5 Assignment; Subcontracting. Neither party shall assign this Agreement, whether voluntarily or involuntary,
without the prior written consent of the other, except that Customer may assign this Agreement to one of its subsidiaries or affiliates or to the purchaser of all or substantially all of its assets. This Agreement shall be binding on the permitted
successors and assigns, and shall inure to the benefit of the permitted successor and assigns of the party hereto. Memry may subcontract its obligations, subject to the following: 
  

	(a)	 	Memry shall not subcontract the tube drawing of the Products; and 

  

	(b)	 	Memry shall continue to be accountable, responsible, and liable, for all work performed by subcontractors, and Memry shall ensure that all Products and services provided under this
Agreement meet QA Standards; and 

  

	(c)	 	Memry receives Customer’s prior written consent, which shall not be unreasonably withheld. 

  
 7.6 Notices. All notices, consents or approvals required or permitted hereby shall be deemed given only upon: 
  

	(a)	 	transmission by telecopier, acknowledged by the recipient at the fax number indicated below; 

  

	(b)	 	enclosure thereof in an adequately post-paid envelope, sent certified mail – return receipt; or 

  

	(c)	 	sent via a nationally-recognized express delivery service that guarantees express delivery; and addressed to the party to be given notification at the address/facsimile number given
below or such change of address/facsimile number as may be hereafter supplied in writing. 

  
  

	 If to Memry:
	  	 If to Customer:

	 Memry Corporation
	  	 United States Surgical

	 3 Berkshire Boulevard
	  	 Division of Tyco Healthcare Group LP

	 Bethel, CT 06801
	  	 195 McDermott Road

	 Attn: Director of Marketing
	  	 North Haven, CT 06473

	 Fax: (203) 798-6606
	  	 Attn: Vice President—Manufacturing

	 	  	 Fax: (203) 492-8369

  
 With a copies
to: 
  
 Memry Corporation 
 3 Berkshire Boulevard 
 Bethel, CT
06801—USA 
 Attn: Chief Executive Officer 
 Fax: (203) 748-6207 
  
 Finn
Dixon & Herling LLP 
 One Landmark Square 
 Suite 1400 
 Stamford, CT 06901 
 Attn: David I. Albin, Esq. 
 Fax: (203) 348-5777 
  
 7.7 Survival. In any event, all obligations which are by their nature continuing,
including without limitation the obligations contained in Sections 2.4, 6.1, and 6.3 and Article III, Article IV and V shall survive the expiration and/or termination of this Agreement. 

 7.8 Compliance with Law. During the term of this Agreement, each of the parties agrees to comply with all
applicable laws, rules and regulations relating to the performance of the services contemplated by this Agreement and the performance of each party’s obligations hereunder. 
  
 7.9 Preferred Supplier. 
  

	 	(a)	 	During the term of this Agreement, Memry shall be considered a “preferred supplier” (as defined by Customer) of Customer for any and all development and further production
agreements relating to successor products to the Products, including (but not limited to) those designs utilizing nitinol components. 

  

	 	(b)	 	During the term of this Agreement, Customer recognizes Memry as a preferred supplier. As a preferred supplier, Customer will include Memry in all development activities for organ
retrieval bag assemblies that may or may not involve nitinol. These activities may include ESI (Early Supplier Involvement) meetings and RFQ’s (Requests for Quote). If Memry demonstrates to the satisfaction of Customer that it can manufacture
and supply such items, and the pricing, quality, and service levels provided by Memry are acceptable to Customer, then Memry and Customer will use reasonable efforts to enter into an agreement providing for the supply of such items based on mutually
acceptable terms and conditions. 

  
 IN WITNESS
WHEREOF, the parties hereto have executed this Agreement as of the first date set forth above. 
  

	 MEMRY Corporation
	 	 	 	 UNITED STATES SURGICAL
 DIVISION OF TYCO HEALTHCARE GROUP LP

					
	 By
	 	 /s/ James G. Binch

	 	 	 	 By
	 	 /s/ Steven Amelio

	 Print Name:
	 	 James G. Binch

	 	 	 	 Print Name:
	 	 Steven Amelio

	 Title
	 	 Chairman & CEO

	 	 	 	 Title
	 	 Vice President and Controller

	 Date
	 	 1/31/03

	 	 	 	 Date
	 	 2/13/03

 EXHIBIT A 
  
 PRICING FOR PRODUCTS 
  
 Product: USS P/N: 10000-12043 
 $*** per unit 
  
 Product: USS P/N: 10000-20114 
 Year 1: $*** per unit 
 Year 2: $*** per unit

 Year 3: $*** per unit 
  
 INVOICE PRICING: Customer shall be invoiced throughout the Contract Year at the applicable price for the amount of Product shipped pursuant to each Purchase
Order. 

	***	 	Denotes confidential information that has been omitted from the exhibit and filed separately, accompanied by a confidential treatment request, with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. 

 EXHIBIT B  
  
 SPECIFICATIONS FOR PRODUCTS 
  
 See attached drawings. 

 EXHIBIT C  
  
 CUSTOMER’S PURCHASE ORDER STANDARD TERMS AND CONDITIONS 
  
 * * * * * * * * * U.S.S. LIMIT OF LIABILITY * * * * * * * * * * * 

U.S.S. LIMITS LIABILITY ON COMPONENTS AND ASSEMBLIES AT OUR SUPPLIERS TO FOUR (4) WEEKS OF FINISHED COMPONENTS/ASSEMBLIES AND AN ADDITIONAL NINE (9) WEEKS RAW MATERIAL
ON ALL ITEMS WITH MORE THAN ONE SCHEDULED DELIVERY ON THE P.O. THIS LIABILITY LIMIT SHALL BE BASED UPON THE DELIVERY DATE ON THE P.O. OR OPEN ORDER REPORT, WHICH EVER IS MOST RECENT. THE NEW DELIVERY DATES LISTED ON THE OPEN ORDER REPORT THAT FALL
WITHIN FOUR (4) CALENDAR WEEKS ARE FIRM PLANNED REQUIREMENTS (FPR). THE FOLLOWING NINE (9) CALENDAR WEEKS OF REQUIREMENTS ARE ESTIMATED PLANNED REQUIREMENTS (EPR). THE BALANCE OF THE SCHEDULE ARE FORECASTED REQUIREMENTS FOR PLANNING PURPOSES ONLY.

  
 THIS PURCHASE ORDER INCLUDES ALL THE TERMS AND CONDITIONS ON
THE FACE HEREOF. ACKNOWLEDGEMENT MUST BE RETURNED WITHIN FIVE DAYS OF RECEIPT WITH CONFIRMED DELIVERY DATE(S) TO THE PLANNER/BUYER. 
  
 UNITED STATES SURGICAL, A DIVISION OF TYCO HEALTHCARE GROUP LP 
  

TERMS AND CONDITIONS OF PURCHASE 
  
 General Provisions 
  
 1. Definitions 
  
 The term “Buyer” in this document is United States Surgical (USS), a division of Tyco Healthcare Group LP, and the term “Seller” is
the organization(s) or individual(s) to whom this Purchase Order is addressed as such name(s) appears on the top of this Purchase Order. 
  
 2. Acceptance 
  
 By accepting this Purchase Order, either by acknowledgment or performing hereunder, Seller agrees: (a) that the terms and conditions set forth on the face
hereof, and all documents expressly included by reference herein constitute the entire agreement between the parties regarding the subject matter hereof, and (b) to comply fully with the terms and conditions of purchase set forth on the face of this
document. Acceptance of this Purchase Order is expressly limited to the terms and conditions of this Order and none of Seller’s terms 

 and conditions shall apply in acknowledging this Order, or in the acceptance of this Order, unless
expressly agreed in writing by Buyer’s authorized representative. Neither reference to Seller’s bids or proposals, nor acceptance by Buyer of the goods, services or work delivered under this Purchase Order shall constitute agreement to
Seller’s terms or conditions or otherwise modify the terms or conditions hereof. Stenographic and clerical errors and omissions are subject to correction by Buyer at any time. 
  
 An acknowledgment is requested to be returned upon receipt of order. 
  
 3. Modification 
  
 Changes, modifications, waivers, additions or amendments to the terms and
conditions of this Order shall be binding on Buyer only if such changes, modifications, waivers, additions or amendments are in writing and signed by a duly authorized representative of Buyer. A “verbal” Purchase Order number given by
Buyer must be confirmed by receipt by Seller of a hard copy Purchase Order within five (5) business days or further work against such “verbal” Purchase Order number must terminate. 
  
 4. Advertising or Release of Information 
  
 Neither party hereto shall, without the prior written consent of the other
party (which shall not be unreasonably withheld), publicly announce or otherwise disclose to third parties, by advertising, publicity or other oral or written communication, the existence or terms of this Purchase Order or the purchases referred to
herein. This provision will survive the expiration, termination, or cancellation of this Purchase Order. 
  
 5. Applicable Law 
  
 The validity interpretation and performance of these terms and conditions and any purchase made hereunder shall be governed by the laws of the State of
Connecticut in force at the date of this Order. Where not modified by the terms herein, the provisions of such State’s enactment of Article 2 of the Uniform Commercial Code shall apply to this transaction. No rights, remedies and warranties
available to Buyer or Seller under this contract or by operation of law are waived or modified unless expressly waived or modified by Buyer or Seller in writing. Any failure of the Buyer or Seller to enforce at any time, or for any period of time,
any of the provisions of this Purchase Order, shall not constitute waiver of such provisions of Buyer’s or Seller’s right to enforce each and every provision. 

 6. Compliance With Law 
  
 In filing this Order, Seller certifies, warrants and represents that it has complied with all applicable Federal, State and
local laws, rules, regulations and /or ordinances in the manufacture, sale or other performance with respect to the goods or services that are the subject of this Purchase Order. Such laws and rules include, but are not limited to, the Fair Labor
Standards Act, Civil Rights Act of 1964, Title VII, Executive Order 11246, as amended, Executive Order 11701, as amended and the provisions of 38 USC 2012, the Vietnam Era Veterans Readjustment Assistance Act of 1974, as amended, Executive Order
11758, as amended and the provisions of Section 503 of the Rehabilitation Act of 1973, the Federal Occupational Safety and Health Act and Executive Order 11625, as amended. Further, Seller certifies, represents and warrants that Seller does not
maintain segregated facilities for it’s employees at any of it’s establishments and that it will forward notice to obtain identical certifications from its subcontractors and will otherwise comply with the May 21, 1968 Order of Elimination
of Segregated Facilities by the Secretary of Labor (33 Fed. Reg. 2804, May 28, 1968). Seller further certifies, represents, warrants that (i) No Federal appropriated funds have been paid or will be paid, by or on behalf of the Seller, to any person
for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any Federal contract, the making of
any Federal grant, the making of any Federal loan, the entering into of any cooperative agreement, or the extension, continuation, renewal, amendment, or modification of any Federal contract, grant, loan or cooperative agreement; (ii) if any funds
other than Federal appropriated funds have been paid or will be paid to any person for influencing or attempting to influence an officer or employee of any agency, Member of Congress, an officer or employee of Congress, or an employee of a Member of
Congress in connection with this Federal contract, grant, loan or cooperative agreement, the Seller shall complete and submit Standard Form LLL “Disclosure Form to Report Lobbying” in accordance with its instructions; and (iii) The
undersigned shall require that the language of this certification be included in the award documents for all subawards at all tiers (including subcontracts, subgrants, and contracts under grants, loans, and cooperative agreements) and that all
subrecipients shall certify and disclose accordingly. 
  
 7.
Confidential Information 
  
 Seller shall not disclose to any
person outside of it’s employ, or use for any purpose other than to fulfill it’s obligations under this Purchase Order, any information received from Buyer pursuant to this Purchase Order, which has been disclosed to Seller by Buyer,
except such information which is otherwise publicly available or is publicly disclosed by Buyer subsequent to Seller’s receipt of such information or is rightfully received by 

 Seller from a third party. Seller will maintain in confidence such information at least to the same
extent as with Seller’s proprietary information. Upon termination or fulfillment of the Purchase Order, Seller shall return to Buyer all drawings, blueprints, descriptions or other material received from Buyer and all materials containing said
confidential information. Seller shall not disclose to Buyer any information which Seller deems to be confidential, and it is understood that any information received by Buyer, including all manuals, drawings and documents, will not be of a
confidential nature and there shall be no restrictions on the use of such information by Buyer. Seller agrees that any legend or other notice on any information supplied by Seller, which is inconsistent with the provisions of this Paragraph 7 does
not create any obligation on the part of Buyer. 
  
 8. Indemnity

  
 In the event Seller, its officers, employees, and agents, a
subcontractor, or any of them enter premises owned, leased, occupied by or under the control of Buyer in the performance of or in connection with this Purchase Order, Seller agrees to indemnify and hold Buyer, its officers, agents and employees
harmless from any loss, cost, damage or bodily injury (including death) of whatsoever kind of nature, arising out of such entry and to the extent occasioned in whole or in part by any action or omission of Seller, its employees, officers and agents
or any of them. Seller will maintain workmen’s compensation insurance covering it’s officers, employees or agents while on such premises of Buyer and general comprehensive liability, property damage and automobile liability insurance,
including contractual endorsements and products hazards coverage, in reasonable amounts covering the obligations set forth in this Purchase Order but not less than $2,000,000 and, upon request, it will provide Buyer with a Certificate of Insurance
indicating the amount of such insurance. Workmen’s Compensation Insurance shall include a waiver of subrogation in favor of United States Surgical, a division of Tyco Healthcare Group. Contractors or subcontractors providing construction or
installation shall include “completed operations” endorsements to their liability insurance. 
  
 9. Product Specifications 
  
 Specifications, drawings, notes, instructions, engineering information or technical data furnished by either Buyer or Seller to the other, or referred to
in this Purchase Order shall be incorporated into this Purchase Order by their reference. Seller shall be fully and solely responsible for obtaining data adequate to design, manufacture, fabricate, construct, and deliver the items in compliance with
all requirements of the order. The finished items delivered to Buyer under this Purchase Order will be supplied according to Buyer’s instructions regarding the above information and in accordance with the FDA Quality System Regulation (21CFR
Part 

 820) and all applicable international standards. No changes are to be made to the specifications or the
items manufactured from those specifications without written approval from Buyer. Seller shall obtain from Buyer written approval of all specification deviations. This shall include deviations for all items produced from Buyer tooling which are not
in compliance with Buyer drawings or specifications. Buyer shall retain title to all such documents which it provides or causes to be given to Seller. Seller shall not use any of such documents or the information contained therein for any purpose
other than in performance of this Purchase Order. Seller shall not disclose such documents or information to any party other than Buyer or party duly authorized by the Buyer. Upon Buyer’s request, Seller shall promptly return to Buyer all such
documents and copies. 
  
 10. Packaging, Shipping and Delivery

  
 All packaging and shipping memoranda must bear this ORDER
NUMBER. Packaging, etc., must be PLAINLY MARKED and accompanied by a shipping memorandum specifying: A. Goods and Quantities in each container. B. Material Number and Revision Level. C. Certificate of Compliance (as required) which will accurately
reflect materials, methods of construction and other manufacturing aspects as may be so specified on the Certificate. Packages must show gross, tare and net weights and/or quantity. The Seller, or carrier it uses to transport the items on this
order, whichever is applicable, shall maintain a satisfactory safety rating from the U.S. Department of Transportation. The Seller or carrier shall provide Buyer with written proof of such rating on request, if the carrier is a motor carrier. Seller
shall deliver the item(s) specified on this order to the Buyer on the date(s) specified on this Purchase Order. If Seller fails to make delivery of any part of quantity of items on the date(s) indicated, Buyer may terminate this Purchase Order and
pursue other remedies. Shipments to Buyer’s offshore facilities of production parts and raw material will be F.O.B. Seller’s facility. Shipments to Buyer’s facility in the U.S. will be F.O.B. destination. Seller shall not be liable
for any non-delivery or delay in delivery of any goods covered by this Purchase Order, insofar as such non-delivery or delay is due to one or more of the following causes: acts of God, fires, strike, lock out, epidemics, floods, accidents, war,
blockades, embargoes, new governmental regulations or requirements, restraining orders or decrees of any court or judge or causes clearly beyond the control of Seller; provided that the Seller has promptly notified Buyer of any delay or any
anticipated delay in delivery, and uses it’s best efforts to effect such delivery as soon as possible. 
  
 11. Patents and Copyrights 

 Seller agrees to indemnify, defend and save Buyer, its subsidiaries, affiliates, and respective officers,
agents, employees, and vendees from any and all proceedings, suits, loss, expense damage, liability, claims or demands either at law or in equity, including attorneys fees for actual or alleged infringement of any U.S. or foreign patent (including
utility models), design, trademark or copyright arising from the purchase, use or sale of materials or articles required by the Purchase Order, except where such infringement or alleged infringement arises by reason of designs for such materials or
articles originally furnished to Seller by Buyer. Buyer will give Seller reasonable notice of any patent, trademark, or copyright claim of infringement. 
  
 12. Changes 
  
 Buyer may change from time to time any of the drawings, specifications or instructions for work covered by this Purchase Order and Seller shall comply
with such change notices. If such changes result in a decrease or increase in Seller’s cost or in the time for performance, an equitable adjustment in the price and time for performance may be made by the parties in writing. In such an event
Seller must notify Buyer, in writing, of the request for such adjustments within five (5) working days after receipt by Seller of the change notice or such claim shall be null and void. Only duly authorized representatives of Buyer may issue, change
or amend any Buyer Purchase Order. Seller work performed without a written Purchase Order signed by a duly authorized representative of Buyer or a “verbal” purchase order number issued and confirmed in accordance with Paragraph 3 above,
will not be recognized as or constitute Buyer’s responsibility of liability. 
  
 13. Assignments And Subcontracts 
  
 Performance obligations shall not be assigned or transferred by Seller without prior written approval by Buyer, and any attempted assignment or transfer without such consent shall be void. Any such work subcontracted will be controlled by
the Seller in accordance with the requirements of this Purchase Order. Purchase of parts and materials normally purchased by Seller or required by this Purchase Order shall not be construed as subcontracts or delegations. The Seller will obtain and
maintain on file a confidentiality agreement satisfactory to Buyer signed by each design, tooling and production sub-contractor of the Seller where such work is identifiable to a Buyer Purchase Order. Such agreement will contain the same
undertakings by the sub-contractor as are set forth in Paragraph 7 hereof. A list of all design, tooling and production subcontractors performing work for the Seller against Buyer’s Purchase Orders will be submitted to Buyer monthly.

  
 14. Acceptance And Warranty 

 Final acceptance of articles or material by Buyer will not occur until after arrival of the same at the
Buyer’s facility from which this Purchase Order originates, unless otherwise specified herein. Seller warrants that all articles, materials and work supplied or performed by Seller under this Purchase Order conform to the requirements,
specifications, drawings, samples or other descriptions furnished or adopted by Buyer and that they are merchantable, suitable for the use intended, of good material and workmanship and free from all defects in workmanship, manufacture, material or
design. All warranties shall run to Buyer and its customers, and shall not be deemed to exclude other rights and remedies of Buyer under law, equity or this Purchase Order. All articles and material are subject to Buyer’s inspection and
acceptance without time restrictions. If specifications, warranties or other requirements under this Purchase Order are not met, the non- conforming articles or material may be returned at the Seller’s expense for a full refund, and in the case
of non-conforming services, at Buyer’s option and without limiting Buyer’s other rights and remedies under law, equity or this Purchase Order, shall be re-performed at Seller’s expense. Payment shall not constitute an acceptance of
non-conforming articles, material or services nor impair Buyer’s right to inspect the same or any of Buyer’s rights and remedies. 
  
 15. Sales And Use Tax Exemption 
  
 It is hereby certified that the above described articles and material is exempt from the sales, and use tax, unless otherwise noted, for the reason that
such property is purchased for resale or will become an ingredient or component part of, or be incorporated into, or used or consumed in a manufactured product produced for ultimate sale at retail. In those municipalities where the foregoing does
not apply, such charges are to be incorporated into the unit component price appearing on the face of this Purchase Order. 
  
 16. Termination 
  
 In addition to any other rights Buyer might have to terminate this Purchase Order, Buyer may terminate this Purchase Order and the work to be performed
hereunder, in whole or in part, at any time without cause by written notice to Seller. Such notice shall state the extent and effective date of such termination and, upon the receipt of such notice, Seller will comply with the directions pertaining
to work stoppage, hereunder and the placement of further orders or subcontracts hereunder. Within five (5) business days of receiving such notice, Seller shall provide to Buyer a written, detailed and itemized report of all materials, labor and
other costs, if any, incurred by Seller for purposes of completing work which has been stopped in accordance with Buyer’s termination notice. The parties shall thereupon employ commercially reasonable efforts to agree by negotiation, within two
(2) months of such termination, the amount of compensation, if any, to be paid to 

 Seller with respect for such termination. Termination under this Paragraph 16 shall not be deemed a
breach of contract. The provisions of this paragraph shall not limit or affect the right of Buyer to terminate this Purchase Order for cause and shall not apply to any such termination. Seller shall mitigate any claim for compensation to the maximum
extent possible. In no event shall any claim be payable by Buyer insofar as this Purchase Order relates to Seller’s standard commercial products. Without limiting the foregoing, no claim shall exceed or be payable by Buyer in excess of the fair
market value or, if less, Seller’s actual and administrative cost plus it’s standard profit for work and raw materials that (i) are in process by Seller or in it’s inventory or contracted for by it, specifically for this Purchase
Order, as of the date of Seller’s receipt of Buyer’s termination notice, and (ii) cannot be directed by Seller for other uses or, if raw materials, cancelled or returned. Should Buyer so desire, payment of compensation in connection with a
termination of this Purchase Order will be subject to Buyer’s prior audit of Seller’s relevant books and records. 
  
 17. Attachments And Precedence 
  
 Any attachments referenced on this Purchase Order shall be deemed for all purposes to be an integrated part of this Purchase Order. In the event of
irreconcilable conflict between such referenced attachments and the terms stated herein, the terms of such attachments shall control. 
  
 18. Overshipments 
  
 Seller is instructed to ship only the quantity(ies) specified in this Purchase Order. However, any small (less than 5%) deviation caused by conditions of
loading, shipping, packing, or allowances in manufacturing processes may be accepted by Buyer. Buyer reserves the right to return any overshipment in excess of the allowance at the Sellers expense. 
  
 19. Inspection of Records and Facilities 
  
 All articles, materials and workmanship, as well as facilities where they
are produced, will be subject to inspection and tests by Buyer, the FDA, or Buyer’s ISO Notified Body during manufacture and at all times and places to the extent practicable. Seller shall provide and shall require all of Seller’s
subcontractors to provide full opportunity for such inspections in a manner acceptable to the inspectors. If an inspection or test is made on Seller’s premises, Seller shall provide all reasonable facilities and assistance for the safety and
convenience of the inspectors in the performance of their duties. In the event this Purchase Order is in excess of $2,500, the duly authorized representatives of the Buyer and the government of the United States shall, 

 until three years after final payment under this Purchase Order or until such further time as may be
designated in the applicable government regulations, have access to and the right to examine any pertinent books, papers, documents and records of Seller involving manufacturing and quality assurance transactions related to this Purchase Order other
than financial records. The Seller agrees to retain in proper order for efficient retrieval, all such records for a period of five (5) years. Seller agrees to include in each subcontract Seller might make hereunder appropriate provisions to the same
effect. 
  
 20. Extra Charges 
  
 No charges of any kind, including charges for boxing or cartage, freight or
special handling, will be allowed unless specifically agreed to by Buyer in writing. Pricing by weight, where applicable, covers net weight of material, unless otherwise agreed. 
  
 21. Notice Of Labor Disputes Or Plant Shutdown 
  
 Whenever any actual or potential labor dispute delays or threatens to delay the timely performance of this Purchase Order,
Seller shall immediately give notice thereof to Buyer. Any plant shutdowns for vacation or other reasons planned by the Seller requires at least three (3) months prior written notification to Buyer. 
  
 22. Price 
  
 The price for the items on this Purchase Order shall be that which is stated on this order, unless that price exceeds the
lowest price at which the Seller is offering or selling the same or similar items to it’s other customers as of the date of delivery to Buyer. In this case, the lower price shall be the price for items on this Purchase Order. If prior to
delivery of all articles, materials or services to be delivered or performed by Seller under this Purchase Order, Buyer is able to purchase from another seller a portion or all of the same or similar articles, materials or services of like quality
at a price which is less than the price applicable thereto pursuant to this Purchase Order, Buyer may so notify Seller. In such event, should Seller fail to promptly agree to an amendment of this Purchase Order to meet the lower price, Buyer may, at
it’s option, purchase the applicable articles, material or services from the other source at the lower price, and, thereupon, Buyer shall be relieved of it’s obligation to purchase and any liability for termination of this Purchase Order
as to, and Seller shall be relieved of it’s obligation to manufacture or perform, the articles, material or services so purchased from the other source. 

 23. Payments and Invoices 
  
 The specific terms of payment for all items are stated in this Purchase Order. Unless otherwise specified, there or in a
separate written instrument signed by the Buyer, no invoice shall be issued before shipment or performance of the items covered thereby. No payment shall be made before receipt of items and of a proper invoice for such items. Buyer may withhold any
payment otherwise due under this Purchase Order to such extent as necessary to protect Buyer from loss which it incurred or may incur as a result of: (a) any actual or reasonably anticipated financial difficulty of Seller which might prevent
complete performance of this Purchase Order by the Seller; or (b) a breach by the Seller of any provision of this Purchase Order.

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