Addendum No. 1 to Contract No. 840/08624332/1609-14 between JSC INM and IsoRay Medical Inc.
This addendum is an agreement between Open Joint Stock Company Institute of The Nuclear Materials (JSC INM) in Russia and IsoRay Medical Inc. in the USA. It extends the validity of their original contract until March 31, 2015, and sets payment terms requiring IsoRay to pay within 60 days of delivery. All other terms of the original contract remain unchanged. The addendum is legally binding and may be signed by email.
Exhibit 10.79
Addendum No.1 to
Contract № 840/08624332/1609-14
Date of signature: July 31, 2014
THE SELLER/THE MANUFACTURER
Open Joint Stock Company «Institute of The Nuclear Materials» (JSC «INM»)
624250, Russia, Sverdlovsk Region,
Zarechniy, PO Box 29
Phone.: 7 (34377) 362 64
FAX: 7 (34377) 733 46
E-mail: ***@***
THE BUYER
The Company IsoRay Medical Inc.
350 Hills Street, Suite 106
Richland, WA ###-###-#### USA
THE CONSIGNEE
The Company IsoRay Medical Inc.
350 Hills Street, Suite 106
Richland, WA ###-###-#### US
Airport of destination: Seattle or Portland, USA
NOTIFICATION
FedEX Trade Networks 16353 NE Cameron Blvd
Portland, Oregon 97230 USA
Phone: +1503 ###-###-####
THE END USER
The Company IsoRay Medical Inc.
350 Hills Street, Suite 106
Richland, WA ###-###-#### USA
THE SHIPPER
Open Joint Stock Company “Institute of The Nuclear Materials” (JSC “INM”)
P.O. Box 29, Zarechny,
Sverdlovsk Region, Russia, 624250
Tel:7 (34377) 362 64
Fax: 7 (34377) 333 96
TERMS OF DELIVERY
CPT airport Seattle or Portland, USA
(Incoterms 2010)
THE BUYERS and THE SELLERS have mutually agreed that under the present Contract The payment is to be received on the account of the Seller not later than in 60 (sixty) calendar days from the date of the delivery of the goods.
To prolong the period of validity of the present contract till the 31st of March, 2015.
All other terms and conditions of Contract № 840/08624332/1609-14 remind unchanged.
The present Addendum is an integral part of the above mentioned contract and may be signed by E-mail.
| THE SELLERS | THE BUYERS |
| /s/ Dmitrii Vladimirovich Markov | /s/ Brien Ragle |
| Director of Closed Stock Company «Science and Inovation», | Brien Ragle |
| a managing company for JSC «INM» | CFO IsoRay Medical |
