For Purposes of this Section control shall mean: (a) in the case of corporate entities, the direct or indirect ownership of more than one-half of the stock or participating shares entitled to vote for the election of directors and (b) in the case of a partnership the power to direct the management and polices of such partnership. Affiliate shall mean an entity or person which controls, is controlled by, or is under common control with either party. NOW THEREFORE in consideration of the mutual covenants and provisions contained in this Agreement the parties agree as follows:Īs used herein, the following terms shall have the following definitions: During the term of this Agreement, as requested by Nordion, INIS will supply Nordion the Cobalt-60 Pellets in accordance with the pricing, terms and conditions set out in this Agreement and the Appendices attached. INIS has the ability and expertise to provide such services and desires to provide such services to Nordion. During the term of this Agreement Nordion, on a non-exclusive basis, will purchase from INIS and INIS shall supply Cobalt-60 Pellets in accordance with this Agreement meeting the specifications set out in Appendix A. Nordion requires INIS to provide certain on-going services to Nordion with respect to the supply of Cobalt-60 Pellets.
( INIS) having its principal address of business at 4137 Commerce Circle, Idaho Falls, Idaho, 83401. as general partner of and on behalf of Nordion Sterilization LP (a limited partnership constituted under the laws of the Province of Ontario, Canada ( Nordion), having its principal address of business at 447 March Road, Ottawa, Ontario, Canada, K2K 1X8 and International Isotopes Inc. THIS AGREEMENT is made effective as of this 7th day of April, 2015, by and between Nordion (Canada) Inc. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED WITH THE U.S. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.
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