other material
confidence high
sentiment neutral
materiality 0.60
KORU Medical amends manufacturing agreement with Command; extends term to 2031, adds second site requirement
KORU Medical Systems, Inc.
- Amendment extends initial term to Dec 31, 2031, with auto-renewal unless 180-day non-renewal notice given.
- Command must obtain and qualify a second manufacturing site by Dec 31, 2027; KORU can terminate if not cured in 30 days.
- Pricing and payment terms modified, including annual price adjustments and pass-through cost savings.
- Command becomes exclusive manufacturer for a limited set of products; non-compete provision removed.
- IP ownership clarified and assignment rights made mutual between the parties.