DISTRIBUTOR AGREEMENT
Pharmaceutical Specialties
and
AL-MERRI International EST
DRAFT 26 MAY 2015
THIS AGREEMENT made and entered into as of this _29th_____Day of July, 2015 (the “Effective Date”), between PHARMACEUTICAL SPECIALTIES, INC., a Minnesota, U.S.A., corporation having its principal place of business at 1620 Industrial Drive NW, Rochester, Minnesota, U.S.A. 55901 (hereinafter called "PSI") and AL-MERRI International EST, a corporation organized and existing under the laws of Kuwait, having its principal place of business at P.O. Box 1211, post code 13013, Safat, Kuwait, with its physical address at: Shop #62 - First Floor, Almadeenah Building - Mubarak Alkabeer Street - Block 9 – Alqeblah – Capital Governorate - Kuwait (hereinafter called "AL-MERRI"), and represented in this Agreement by its Owner and authorized agent, AL-MERRI Bakheet Ali Bakheet, residing at #258 Street 13 – Block 3 - Alriqqah - Kuwait.
RECITALS:
A. PSI manufactures and markets various types of pharmaceutical products; and
B. AL-MERRI wishes to market and sell in the territory identified in the attached Schedule A (the “Territory”) certain products manufactured and supplied by PSI; and
C. PSI wishes to appoint AL-MERRI as an independent authorized distributor for the promotion, distribution, and sale of Products (as hereinafter defined) in the Territory;
NOW, THEREFORE, in consideration of the premises and covenants contained herein, PSI and AL-MERRI (each a “Party” and collectively the “Parties”) hereby agree as follows: