other material
confidence high
sentiment neutral
materiality 0.30
Establishment Labs extends NuSil silicone supply agreement to Dec 31, 2031
ESTABLISHMENT LABS HOLDINGS INC.
- Amendment No. 3 to the May 13, 2022 Master Supply Agreement extends the initial term from Dec 31, 2026 to Dec 31, 2031, with up to five automatic one-year renewals.
- Payment terms replaced with Net 30 EOM: full payment due 30 calendar days after the last day of the month the invoice is issued.
- ELSA must buy all or substantially all its silicone materials exclusively from NuSil; non-NuSil silicone cannot be used in shells or gels for implantable devices.
- Adds a maximum unsecured credit limit; above it NuSil may suspend shipments or require prepayment, a letter of credit or other credit support.
- On a NuSil change of control (50%+ voting power) or asset sale, Buyer may make a last-time buy at then-current prices; NuSil must keep continuity per NIST SP 800-171, ISO/IEC 27001:2022, ISO 22301.