Master Restructuring Agreement - 范本

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CONFORMED COMPOSITE COPY

 

 

 

 

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MASTER RESTRUCTURING AGREEMENT

 

Dated as of June 19, 1998

 

Between

 

ASTRA AB,

MERCK& CO., INC.,

ASTRA MERCK INC.,

ASTRA USA, INC.,

KB USA, L. P.,

ASTRA MERCK ENTERPRISES INC.,

KBI SUB INC.,

MERCK HOLDINGS, INC.

and

ASTRA PHARMACEUTICALS, L. P.

 

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Confidential portions of this exhibit have been omitted and filed separately with the Securities and Exchange Commission with a request for confidential treatment pursuant to Rule 24 b-2. The location of an omitted portion is indicated by an asterisk within brackets ("[*]").

 

全文目录如下:

详细内容见附件

 

ARTICLE 1  CERTAIN DEFINITIONS

1.1 Definitions.

ARTICLE 2  EXECUTION OF AGREEMENTS; PRE-CLOSING EVENTS; CLOSING

2.1 Execution and Delivery of Initial Agreements

2.2 Other Pre-Closing Events

2.3 Closing

2.4 Actions to be Taken at the Closing

2.5 Certain Adjustments.

2.6 KBI Shared Liabilities.

2.7 Other Actions

2.8 Termination of Certain Agreements

ARTICLE 3  CERTAIN OPERATIONAL PROVISIONS

3.1 Exclusive Distributorship Agreement.

3.2 Competition.

3.3 Ownership of KBI, KBLP and Other Affiliates.

3.4 Use of Names.

3.5 Put Option.

3.6 Outlicensing of Group D Compounds, KB USA Compounds and Group E Compounds.

3.7 Computation of Certain Contingent Amounts

3.8 Inflation Adjustment

3.9 Payments

3.10 Maintenance and Access to Books and Records

3.11 Business of KBLP

3.12 Business of KBI Parties

3.13 Notice of Events of Bankruptcy

3.14 Certain Actions in Respect of Contingent Amounts

3.15 Trigger Event

3.16 [Intentionally Omitted].

3.17 KB Obligations in Respect of Certain Loans

3.18 Other KB Outlet.

3.19 Information Concerning Compounds

3.20 Determination of Critical Compounds

3.21 Preparation of Tax Returns and Financial Statements

3.22 Co-promotions

3.23 Lexxel Agreements

ARTICLE 4  CONFIDENTIALITY

4.1 Confidentiality.

4.2 Exceptions

ARTICLE 5  REPRESENTATIONS AND WARRANTIES

5.1 Representations and Warranties of TR and TR Holdings

5.2 Representations and Warranties of KB Parties

5.3 Representations Concerning KBI

ARTICLE 6  INTERIM COVENANTS

6.1 Filings; Consents

6.2 Notification of Certain Matters. Between the date hereof and the Closing

ARTICLE 7  CONDITIONS TO CLOSING

7.1 Condition to Obligations of KB Parties

7.2 Condition to Obligations of TR Parties

7.3 Additional Condition to Certain Obligations of TR Parties

ARTICLE 8  GUARANTEES OF PERFORMANCE

8.1 Guarantee by KB

8.2 Guarantee by TR

8.3 Definitions

8.4 Liability of Guarantor Unconditional

8.5 Direct Action Against a Guarantor

8.6 Continuing Guarantee

8.7 Subordination

8.8 Limits on Subrogation

8.9 Obligations Additional

8.10 Remedies Not Exclusive

8.11 Effect of Assignment

ARTICLE 9  ARBITRATION

9.1 Binding Arbitration; Rules

9.2 Venue; Language

9.3 Arbitrators

9.4 Interim Relief

ARTICLE 10  INDEMNIFICATION

10.1 By the KB Parties

10.2 By TR

10.3 Indemnification Procedures

10.5 Survival

10.6 Limitation on Damages

ARTICLE 11  TERM AND TERMINATION

11.1 Term

11.2 Cut-Off Date

11.3 Exercise of KBI-E Asset Option and KBI Shares Option

11.4 Survival

11.5 Unilateral Termination

ARTICLE 12  MISCELLANEOUS

12.1 Entire Agreement; Waiver or Modification

12.2 Third Party Beneficiaries

12.3 Force Majeure

12.4 Miscellaneous

12.5 Binding Effect; Assignment

12.6 Further Assurances

12.7 Affiliates

12.8 Notices

12.9 Governing Law

12.10 Severability

12.11 Remedies

12.12 Expenses

12.13 Execution

12.14 Publicity

12.15 Service of Process

 

Schedule 1.1 Certain KB USA Products

Schedule 1.2 Classification of Combinations

Schedule 2.5 Closing Statements Schedule 3.2 (b) TR Joint Ventures

Schedule 3.7 Base Sales Weightings and Relative Sales Weightings

Schedule 3.8 Example of Computation of Inflation Adjustments

Schedule 3.15A Trigger Event: Certain Financial Calculations

Schedule 3.15B Trigger Event: Qualified Persons

 

Appendix I Ancillary Agreements

 

Exhibit A Form of Amended and Restated KBI License

Exhibit B Form of Distribution Agreement

Exhibit C Form of Exclusive Distributorship Agreement

Exhibit D Form of KB USA Asset Contribution Agreement

Exhibit E Form of KBI Asset Contribution Agreement

Exhibit F Form of KBI License Assignment and Assumption Agreement

Exhibit G Form of KBI Plan of Recapitalization

Exhibit H Form of KBI Shares Option Agreement

Exhibit I Form of KBI Sub Assignment and Assumption Agreement (#1)

Exhibit J Form of KBI Sub Assignment and Assumption Agreement (#2)

Exhibit K Form of KBI Supply Agreement

Exhibit L Form of KBI-E Asset Contribution Agreement

Exhibit M Form of KBI-E Asset Option Agreement

Exhibit N Form of KBLP Assignment and Assumption Agreement

Exhibit O Form of Manufacturing Agreement

Exhibit P Form of Partnership Agreement

Exhibit Q Form of Pledge Agreement

Exhibit R Form of Selected Compounds Contribution Agreement

Exhibit S Form of Trademark Rights Contribution Agreement

Exhibits T Form of Agreements rePermitted Transfers

Exhibit U Form of Clinical Supply Agreement

Exhibit V Form of KBI sublicense Agreement

Exhibits W Form of Security Agreement

 

MASTER RESTRUCTURING AGREEMENT

MASTER RESTRUCTURING AGREEMENT, dated as of June 19, 1998, between ASTRA AB, a company limited by shares organized and existing under the laws of Sweden ("KB"), MERCK& CO., INC., a New Jersey corporation ("TR"), ASTRA MERCK INC., a Delaware corporation ("KBI"), ASTRA USA, INC., a New York corporation and an indirect wholly-owned subsidiary of KB ("KB USA"), KB USA, L. P., a Delaware limited partnership of which KBIs the general partner and KB USA is the limited partner ("KBLP"), ASTRA MERCK ENTERPRISES INC., a Delaware corporation and a direct wholly-owned subsidiary of KBI ("KBI-E"), KBI SUB INC., a Delaware corporation and a direct wholly-owned subsidiary of KBI ("KBI Sub"), MERCK HOLDINGS, INC., a Delaware corporation and a direct wholly-owned subsidiary of TR ("TR Holdings"), and ASTRA PHARMACEUTICALS, L. P. (f/k/a KB Operating, L. P.), a Delaware limited partnership (the "Partnership").

WITNESSETH:

WHEREAS, KB and TR Holdings own all the outstanding shares of KBI;

WHEREAS, in the case of KB, such shares constitute (i) 50,000 shares of Class A Common Stock, par value$.01 per share ("Class A Common Stock"); (ii) one (1) share of Class C Common Stock, par value$.01 per share ("Class C Common Stock"); (iii) 187,500 shares of Class A Non-Voting Preferred Stock, par value$12,160 per share ("Class A Preferred Stock"); and (iv) 12,500 shares of Class C Voting Preferred Stock, par value$9,600 per share ("Class C Preferred Stock");

WHEREAS, in the case of TR Holdings, such shares constitute (i)50,000 shares of Class B Common Stock, par value$.01 per share ("Class B Common Stock"); (ii) 187,500 shares of Class B Non-Voting Preferred Stock, par value$12,160 per share ("Class B Preferred Stock"); and (iii) 12,500 shares of Class D Voting Preferred Stock, par value$9,600 per share ("Class D Preferred Stock");

WHEREAS, KBI is a joint venture of KB and TR formed pursuant to that certain Agreement dated as of July 12, 1982, among TR, KB, KB USA and KBI, as amended by the Transfer Consummation Agreement dated as of November 1, 1994, among TR, KB, and KBI (such agreement, as so amended, being referred to herein as the "1982 JV Agreement");

WHEREAS, pursuant to a Limited Partnership Agreement, dated as of October 21, 1997 (the "Original Partnership Agreement"), the Partnership has been formed and, contemporaneously with the execution and delivery of this Agreement, the partnership interests therein are being acquired by KBLP, as general partner, and KB USA, as limited partner;

WHEREAS, KB and TR desire to restructure their joint venture through the termination of the Original Partnership Agreement, the acquisition by KBI Sub of the limited partner's interest in the Partnership, including its status as limited partner, and the entry into the Partnership Agreement (as defined below) by KBLP and KBI Sub (upon its acquisition of the limited partnership interest in the Partnership), the capitalization of the Partnership and the modification of certain other contractual arrangements, as provided in the Initial Agreements (as defined below), the Partnership Agreement and the Ancillary Agreements (as defined below), and, in furtherance thereof, the parties hereto are entering into this Agreement and the other Initial Agreements (as applicable) as of the date hereof;

NOW, THEREFORE, in consideration of the premises and the representations, warranties and agreements contained herein and in the other Initial Agreements, the Partnership Agreement and the Ancillary Agreements, the parties hereto hereby agree as follows:

ARTICLE 1 
CERTAIN DEFINITIONS

1.1 Definitions.

(a) Without limiting any other terms defined herein, as used in this Agreement the following terms shall have the following respective meanings:

"ABCV Compound" shall mean the Parenteral Form of (i) any Licensed Compound which is a Group C Compound, (ii) any Group D Compound or (iii) any Group E Compound that, in any such case, also has other routes of administration or has an antibiotic, anticancer or antiviral use.

"Accounting Procedures" shall have the meaning set forth in the Amended and Restated KBI License.

"Acquisition of KB" shall have the meaning set forth in Section 3.15 (b).

"Actual Formula Price" shall mean the actual Formula Price determined in accordance with the KBI-E Asset Option Agreement.

"Actual Formula Price Statement" shall have the meaning set forth in Section 3.15 (f).

"Additional KBLP GP" shall have the meaning set forth in Section 3.3 (f).

附件:

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Master Restructuring Agreement - Astra AB, Merck & Co. Inc., Astra Merck Inc., Astra USA Inc., KB USA LP, Astra Merck Enterprises Inc., KBI.docx 下载
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