Exhibit 10.30
To,
SUN PHARMACEUTICAL INDUSTRIES LIMITED
Sun House, 201 8/1, Western Express Highway,
Goregaon East,
Mumbai- 400063
Sub: Consent to Assignment
Ref: Supply and Marketing Agreement dated 10th day of October, 2016 read with Assignment Agreement dated 15th October, 2016 executed between Vyome Biosciences Private Limited (“Company”) and Sun Pharmaceutical Industries Limited (“Sun”) (hereinafter referred to as (“Agreement”).
Dear Sir/Madam,
We refer to the Agreement, wherein the Company holds the Intellectual Property and technical Dossier for the Product/s (as defined in the Agreement) and Sun has the expertise in marketing, selling and distributing pharmaceutical products in India. Both the parties have mutually agreed, to enter into an Agreement to record terms and conditions to carry out the commercialization of the Product/s (as defined in the Agreement) within the Territory (as defined in the Agreement) through Sun.
The Company is presently undergoing a restructuring process, whereby the research & development undertaking of the Company will be demerged and will form a part of an entity named, Vyome Therapeutics Limited, a public limited company incorporated under the Companies Act, 2013 having its corporate office at Plot No. 465, F.I.E. Patparganj Industrial Area, New Delhi- 110092 (“VTL”/ “Assignee”). The Hon’ble National Company Law Tribunal, Ahmedabad (“NCLT”) has, pursuant to an order dated October 31, 2018, sanctioned the Scheme of Arrangement (“Scheme”) for demerger of research and development undertaking of the Company to VTL. Consequently, the Agreement stands assigned by the Company to VTL in terms of NCLT order subject to the prior consent of Sun (“Assignment”).
The Company therefore, pursuant to the terms and conditions of clause 18 of the Agreement, seeks prior written consent of Sun, to assign all of its right, title, and interest in, to the said Agreement to the Assignee effective from October 1, 2017 (“Effective Date”). Accordingly, Sun hereby agrees to provide its consent to the said Assignment, subject to the terms and conditions mentioned below: