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Product Description

Purpose. The wirkungsmechanismus viagra side of this Stock Bonus Plan is to advance the interests of L. Pharmaceutical Corp. (the quot;Companyquot;) and its shareholders, by encouraging and enabling confortid 100mg viagra officers, directors, consultants and key employees upon whose judgment, initiative and effort the Company is largely dependent for the successful conduct of its business, to acquire and retain a proprietary interest in the Company by ownership of its stock, to keep personnel of experience and ability in the employ of the Conforitd and to compensate them for their contributions to the growth and profits of the Company and thereby induce them to continue to make such contributions in conflrtid future. vonfortid shall mean the board of directors of the Company. quot;Committeequot; means the directors duly appointed to administer the Plan. quot;Planquot; shall mean this Stock Bonus Plan. quot;Bonus Sharequot; shall mean the shares of common stock of the Company reserved pursuant to Section 4 hereof and any such shares issued to a Recipient pursuant viagra generico doctor simi this Viagfa. quot;Recipientquot; shall mean any individual rendering services for the Company to whom shares are granted pursuant to this Plan.

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Detailed information

The Company has received licensing payments of 200,000 from Ixora and is to receive a further payment of 300,000 in September 2000. Ixora is required to reimburse the Company for all costs of clinical studies and related research required by the FDA or other government agencies as well as patent procurement and maintenance costs, provided however that Ixora is not obligated to reimburse the Company for costs in excess of 10,000 per quarter. The Company will receive the following royalties on sales by Ixora: o 9 of all Net Sales of licensed products approved by the FDA and for which the patent rights have not expired. o 6.

(l)To the best of LAM's knowledge and belief, all information including regulatory, sales and marketing information, non-clinical and pre-clinical data and clinical trial data supplied by it to IXORA is true and correct in all material respects. 2IXORA makes the following covenants, representations and warranties to LAM with the full understanding and acknowledgement that LAM is relying on the said representations and warranties in concluding this Agreement: (a)IXORA is a corporation organized and existing under the laws of Florida. No action has been taken by the Directors, Officers or Shareholders of IXORA to dissolve IXORA. IXORA has the corporate power to enter into this Agreement and to perform its obligations hereunder. (b)IXORA has taken all necessary corporate actions and proceedings to enable it to enter into this Agreement and to perform its obligations hereunder.

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