Sixth Amendment to the Supply Agreement by and between MannKind Corporation and Amphastar Pharmaceuticals, Inc., dated May 24, 2021
Exhibit 10.1
CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS ([***]), HAS BEEN OMITTED BECAUSE
THE INFORMATION (I) IS NOT MATERIAL AND
(II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.
SIXTH AMENDMENT TO SUPPLY AGREEMENT
This sixth amendment (“Sixth Amendment”) to the Supply Agreement by and between MannKind Corporation (“MannKind”) and Amphastar Pharmaceuticals, Inc. (“Amphastar”), originally dated July 31, 2014 and as previously amended on October 31, 2014 (“First Amendment”), November 9, 2016 (“Second Amendment”), April 11, 2018 (“Third Amendment”), December 24, 2018 (“Fourth Amendment”) and August 2, 2019 (the “Fifth Amendment”) (collectively, the “Agreement”), is hereby made as of the 24th day of May, 2021, by and between MannKind on the one hand, and on the other hand, Amphastar.
RECITALS
WHEREAS, MannKind and Amphastar entered into the Agreement pursuant to which Amphastar is to manufacture and supply the Product to MannKind, and MannKind is to purchase certain minimum quantities of the Product; and
WHEREAS MannKind and Amphastar have determined it to be mutually beneficial to amend the Agreement as set forth herein.
NOW, THEREFORE, for good and valuable consideration, MannKind and Amphastar hereby agree to amend the Agreement as follows:
Amount | Payment Due Date |
$1,000,000 | June 30, 2021 |
$1,000,000 | January 31, 2022 |
Calendar Year | Purchase Commitment Quantities (kg) | Purchase Price (per gram) | Delivery and Payment |
2021 | [***] | [***] | Q1: [***] kg (delivered March 29, 2021) |
2022 | [***] | [***] | 25% of the Purchase Commitment Quantities shall be purchased on a Quarterly basis. |
2023 | [***] | [***] | 25% of the Purchase Commitment Quantities shall be purchased on a Quarterly basis. |
2024 | [***] | [***] | 25% of the Purchase Commitment Quantities shall be purchased on a Quarterly basis. |
2025 | [***] | [***] | 25% of the Purchase Commitment Quantities shall be purchased on a Quarterly basis. |
2026 | [***] | [***] | 25% of the Purchase Commitment Quantities shall be purchased on a Quarterly basis. |
2027 | [***] | [***] | 25% of the Purchase Commitment Quantities shall be purchased on a Quarterly basis. |
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IN WITNESS WHEREOF, each of MannKind and Amphastar has caused this Sixth Amendment to be executed by their duly authorized officers.
MannKind Corporation By: /s/Steven B. Binder Name: Steven B. Binder Title: Chief Executive Officer | Amphastar Pharmaceuticals, Inc. By: /s/ Jacob Liawatidewi Name: Jacob Liawatidewi Title: EVP Corporate Administration Center |
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