Elite Pharmaceuticals Inc (ELTP): Here is the contract between Elite & Lan...

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Elite Pharmaceuticals Inc (ELTP)

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Re: imanjen13 post# 372436

Wednesday, 08/17/2022 1:40:17 PM

Wednesday, August 17, 2022 1:40:17 PM

Here is the contract between Elite & Lannett:

https://www.sec.gov/Archives/edgar/data/1053369/000121390019011224/f10k2019ex10-50_elitepharma.htm

Termination: Excluding specific reasons (force majeure, bankruptcy, etc) Lannett can terminate agreement with 6 months notice:

Other Termination Rights. In addition to Article 8.2, (i) either Party may terminate this Agreement pursuant to Articles 14.3 (Assignment without Consent) and 14.5 (Force Majeure), and (ii) LANNETT may terminate this Agreement pursuant to Article 4.4 (Failure to Supply) and Article 9.2(c) (Debarred), and (iii) ELITE may terminate this Agreement pursuant to Article 9.3(c) (Debarred). LANNETT may terminate this Agreement for any reason upon providing ELITE with six (6) months written notice.

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