Addendum No. 8 to Contract No. 840/08625142/25/158-15 between JSC Isotope and IsoRay Medical Inc.
This addendum extends the contract between JSC Isotope and IsoRay Medical Inc. for the supply of goods until December 31, 2019. It sets a limit on additional shipments for the first half of 2019 and requires both parties to agree on volumes and prices for the second half of 2019 by May 31, 2019, with a new contract to be signed for that period. The contract amount is increased, and all other terms remain as previously agreed. The addendum is legally binding and may be signed by email.
Exhibit 10.4
Addendum No. 8 to
Contract No. 840/08625142/25/158-15 dtd. 2015.12.07
Date of signature: 14.12.2018
THE SELLER
Joint Stock Company «Isotope»,
(JSC «Isotope»)
Pogodinskaya str., 22, Moscow, 119435, Russia.
Phone: +7(499) 245-01-18, 245-13-81.
THE BUYER
The Company IsoRay Medical Inc.
350 Hills Street, Suite 106
Richland, WA ###-###-#### USA
THE BUYER and THE SELLERS have mutually agreed about the following:
| 1. | Validity of the present Contract is extended till December 31, 2019. |
| 2. | Total activity of additional shipments of the Goods during Q1-Q2 2019 will not exceed [**]. |
| 3. | Until May 31, 2019 the Parties shall agree on volumes and price of the Goods, supplied during Q3-Q4 2019, and shall sign a new Contract. |
Amount of the Contract increases for [**] USD and equals to [**] USD ([**] US Dollars Only).
The present addendum is the integral part of contract 840/08625142/25/158-15 and may be signed by E-mail.
All other terms and conditions are in accordance with Contract No. 840/08625142/25/158-15, Appendices 1 and 2, Addenda 1, 2, 3, 4, 5, 7.
| THE SELLER | THE BUYER |
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| /s/ Boris Akakiev | /s/ William Cavanagh |
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| Boris Akakiev | W. Cavanagh |
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| Advisor to Director General | 21 Dec 2018 | ||
| JSC Isotope | IsoRay - COO |
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