Notice of Termination of Distribution Agreement between Ferring International Center S.A., INVO Bioscience, Inc., and Bio X Cell, Inc.
Ferring International Center S.A. is notifying INVO Bioscience, Inc. and Bio X Cell, Inc. of its decision to terminate their distribution agreement, originally dated November 12, 2018. The termination is for convenience, as allowed under the agreement, and will take effect 90 days from the notice date, on January 31, 2022. The parties will coordinate further discussions and transition activities to ensure an orderly conclusion of their business relationship.
Exhibit 10.1
November 2, 2021
INVO Bioscience Inc.
407 R. Mystic Ave
Suite 34C
Medford, MA 02155
Attention: Mr. Steve Shum
Bio X Cell, Inc.
407 R. Mystic Ave
Suite 34C
Medford, MA 02155
Attention: Mr. Steve Shum
Re: Notice of Termination
Dear Mr. Shum,
Ferring International Center S.A. (“Ferring”), INVO Bioscience, Inc. (“Invo”), and Bio X Cell, Inc., are parties to a distribution agreement dated November 12, 2018 (the “Agreement”). Capitalized terms used in this letter but not defined have the meanings given to them in the Agreement.
As discussed with you and Bipin Dalmia and David Powley, this notice shall serve as our notice of termination for convenience pursuant to Section 14.2(b) of the Agreement. The effective date of termination/expiration of the Term shall be ninety (90) days from the date of this notice – January 31, 2022.
Bipin, David and potentially other members of our Ferring team will be in touch separately to coordinate further discussions and transition activities with you and your team.
Regards,
/s/ Curt McDaniel
Curt McDaniel
Chief Legal Officer
Ferring International Center S.A.
Copy to:
Shulman Rogers
12505 Park Potomac Avenue
6th Floor
Potomac, MD 20854
Attn: Scott Museles
