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EX-10.11: SUPPLY AND DISTRIBUTION AGREEMENT

Supply Agreement

EX-10.11: SUPPLY AND DISTRIBUTION AGREEMENT | Document Parties: OMRIX BIOPHARMACEUTICALS, INC. | FFF ENTERPRISES, INC., You are currently viewing:
This Supply Agreement involves

OMRIX BIOPHARMACEUTICALS, INC. | FFF ENTERPRISES, INC.,

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Title: EX-10.11: SUPPLY AND DISTRIBUTION AGREEMENT
Governing Law: New York     Date: 12/4/2006
Industry: Biotechnology and Drugs     Sector: Healthcare

EX-10.11: SUPPLY AND DISTRIBUTION AGREEMENT, Parties: omrix biopharmaceuticals  inc. , fff enterprises  inc.
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                                                                   Exhibit 10.11


            SUPPLY AND DISTRIBUTION AGREEMENT: INVESTIGATIONAL PHASE

THIS AGREEMENT (the "AGREEMENT") is entered into by and between OMRIX
BIOPHARMACEUTICALS, LTD., an Israeli company (hereinafter, "OMRIX"), and FFF
ENTERPRISES, INC., a United States ("US") corporation organized and existing
under the laws of California (hereinafter, "FFF") together with Omrix, the
"PARTIES" and each individually a "PARTY," as of December 21, 2005 (the
"EFFECTIVE DATE").

WHEREAS:

A.    Omrix manufactures Omrigam NF, a proprietary immune globulin intravenous
     (IGIV), which has not been cleared by the United States (US) Food and Drug
     Administration (FDA) for marketing in the US;

B.    Omrix wishes to obtain FDA approval of a Biologics License Application
     (BLA) to market Omrigam NF in the US;

C.    Omrix is the sponsor of an active Investigational New Drug Application
     (hereinafter "OMRIX IND") to use Omrigam NF in clinical trials of patients
     with primary immune deficiency (hereinafter "CLINICAL TRIALS");

D.    FFF is a wholesale distributor of pharmaceutical products, including IGIV
     products, in the US and wishes to be the exclusive distributor of Omrigam
     NF in the US;

E.    FFF wishes to take over sponsorship of the amended Omrix IND (referred to
     as the FFF IND);

F.    FFF also wishes to be responsible for conducting the Clinical Trials and
     Omrix will use the data collected in the Clinical Trials to prepare a
     Biologics License Application ("BLA") to submit to the FDA under Omrix's
     name to market Omrigam NF commercially in the US;

G.    FFF wishes to distribute Omrigam NF in the US under a TREATMENT PROTOCOL,
     as defined below, until the BLA is approved by the FDA;

H.    FFF will conduct both the Clinical Trials and the Treatment Protocol under
     the FFF IND ;

I.    Omrix wishes to supply Omrigam NF exclusively to FFF for use in the
     Clinical Trials and under a Treatment Protocol (collectively the
     "INVESTIGATIONAL PHASE");

J.    Omrix wishes to designate FFF as its exclusive authorized distributor to
     market Omrigam NF in the US subsequent to FDA approval of the BLA for
     Omrigam NF (the "COMMERCIAL PHASE," as defined in section 1.5, below); and

K.    Simultaneous execution of the agreement between the Parties for the
     Commercial Phase, SUPPLY AND DISTRIBUTION AGREEMENT: COMMERCIAL PHASE,
     attached hereto as Exhibit A) is a concurrent condition to the complete
     execution of this Agreement:

NOW, THEREFORE, in consideration of the mutual promises and covenants contained
herein, effective upon the Effective Date, the Parties agree as follows:

1.    DEFINITIONS

As used in this Agreement the following definitions shall apply in each case
where the defined term appears in capitalized form:

     1.1. "BLA" - means a Biologics License Application, as defined in 21 CFR
          Section 601.2.

FFF - Omrix Agreement: Investigational Phase       CONFIDENTIAL       Page 1 of 27


PORTIONS OF THIS EXHIBIT MARKED BY AN *** HAVE BEEN OMITTED PURSUANT TO A
REQUEST FOR CONFIDENTIAL TREATMENT FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.
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     1.2. "CFR" - means the U.S. Code of Federal Regulations, as may be amended
          from time to time, and any successor thereto.

     1.3. "CGMP" - means current Good Manufacturing Practices and General
          Biological Products Standards as defined in 21 CFR Parts 210, 211 and
          600 and 606.

      1.4. "CLINICAL TRIALS" - means the Phase 2 and the Phase 3 Clinical Trials,
          as defined below.

     1.5. "COMMERCIAL PHASE" - means the phase of a relationship between the
          Parties after FDA approval of a Biologics License Application has been
          obtained and Omrigam NF may be marketed in the U.S. The agreement
          between the Parties for FFF to be the exclusive distributor of Omrigam
          NF for the Commercial Phase is attached hereto as Exhibit A (SUPPLY
          AND DISTRIBUTION AGREEMENT: COMMERCIAL PHASE).

     1.6. "DATA" - means data collected in the Clinical Trials.

     1.7. "DCI" - means DCI Management Group, LLC.

     1.8. "DCI CONTRACT" - means the Plasma Supply Agreement between Omrix and
          DCI Management Group, LLC, attached hereto as Exhibit B, execution of
          which is a condition precedent to this Agreement.

     1.9. "FDA" - means the US Food and Drug Administration.

     1.10. "FFF IND" -- means the Investigational New Drug Application approved
          by the FDA and held by FFF for Omrigam NF. This is the amended version
          of the Omrix IND

     1.11. "IGIV" - means immune globulin intravenous.

     1.12. "IND" - means an Investigational New Drug Application, as described
          in 21 CFR Part 312.

     1.13. "INSTITUTIONAL REVIEW BOARD" (IRB) - means the committee responsible
          for reviewing and approving biomedical research involving human
          subjects, as described in 21 CFR 50.3(i).

     1.14. "INVESTIGATIONAL DRUG" - means cGMP quality Omrigam NF prior to
          approval by the FDA of a Biologics License Application.

     1.15. "INVESTIGATIONAL PHASE" - means the phase of the relationship between
          the Parties described in this Agreement, which covers exclusive use by
          FFF and its agents of Omrigam NF in Clinical Trials and exclusive
          distribution by FFF of Omrigam NF under a Treatment Protocol,
          providing a Treatment Protocol is approved by the FDA.

     1.16. "INVESTIGATOR" - means an individual who actually conducts a clinical
          investigation (i.e., under whose immediate direction the drug is
          administered or dispensed to a subject), as defined in 21 CFR Section
          312.3. In a team of investigators, the Investigator is the leader of
          the team. A licensed practitioner who receives and dispenses the
          Investigational Drug under a Treatment Protocol is an Investigator, in
          accordance with 21 CFR Section 312.35(a)(3).

     1.17. "MANUFACTURING SPECIFICATIONS" - means the specifications in the
          Omrix IND, as amended from time to time, for compliance with cGMP
          standards and specifications for the chemistry, manufacturing and
          quality control, labeling, packaging and shipping of the
          Investigational Drug.

     1.18. "OMRIX IND" - means the Investigational New Drug Application
          submitted to the FDA by Omrix in 2001 and held by Omrix for Omrigam
          NF, until amended in December 2005 -- the amended IND is the FFF IND.


FFF - Omrix Agreement: Investigational Phase       CONFIDENTIAL       Page 2 of 27

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     1.19. "OMRIGAM NF" - means Omrix's proprietary polyvalent IGIV.

     1.20. "OMRIX TECHNOLOGY" - means all the technical information, whether
          tangible or intangible, including (without limitation) any and all
          data, techniques, discoveries, inventions, processes, formulations,
          know-how, patents (including any divisional, continuation, extension,
          reissue, reexamination certificate, or renewal patents), patent
          applications, inventor certificates, trade secrets, method of
          production and other proprietary information, that Omrix has rights to
          (as either owner, licensee or sublicense), or may hereafter obtain
          rights to, relating to Omrigam NF.

     1.21. "PHASE 2 CLINICAL TRIAL" - means a Phase 2 clinical trial conducted
          by FFF or its agents in which the safety and efficacy of the
           Investigational Drug are evaluated in up to five (5) human patients
          with primary immune deficiency for the purpose of obtaining approval
          from the FDA of a Biologics License Application and a Treatment
          Protocol.

     1.22. "PHASE 3 CLINICAL TRIAL" - means a Phase 3 clinical trial conducted
          by FFF or its agents in which the safety and efficacy of the
          Investigational Drug are evaluated in up to fifty (50) human patients
          with primary immune deficiency for the purpose of obtaining approval
          from the FDA of a Biologics License Application and a Treatment
          Protocol.

     1.23. "REGULATORY FILINGS" - means any document required under the US
          Federal Food, Drug and Cosmetics Act and associated regulations in
          Title 21 of the CFR.

     1.24. "SPONSOR" - means the same as in 21 CFR Section 312.3 and refers to
          the entity that holds the IND for the investigational drug. The
          Sponsor is responsible for compliance with all sponsor
          responsibilities set forth in 21 CFR Part 312. FFF is the Sponsor of
          the FFF IND, as defined in Section 1.10, above.

     1.25. "TAXES" - means all taxes associated with the distribution, sale and
           delivery of Omrigam NF, including but not limited to sales, use,
          excise, withholding, value-added and similar taxes and all customs,
          duties or other governmental impositions, but excluding taxes
          calculated on Omrix's net income.

     1.26. "TREATMENT PROTOCOL" - under this Agreement means a treatment
          protocol ("TREATMENT PROTOCOL"), as described in 21 CFR Section
          312.35(a), that will be submitted by FFF under the FFF IND to use the
          Investigational Drug to treat US patients with primary immune
          deficiency and other immune diseases who are not enrolled as subjects
          in the Clinical Trials. The FDA may approve a Treatment Protocol as
          early as during a Phase 2 clinical trial (21 CFR Section 312.34(a)).
          Under a Treatment Protocol, the Investigational Drug may be
          distributed to a specified group of physicians, who function as
          Investigators, and who may provide the Investigational Drug to
           patients in accordance with applicable informed consent (21 CFR Part
          50) and Institutional Review Board (21 CFR Part 56) requirements. In
          contrast to use in the Clinical Trials, the Parties may charge for the
          use of the Investigational Drug under a Treatment Protocol under
          conditions specified in 21 CFR Section 312.7(d)(2).

     1.27. "TREATMENT PROTOCOL CHARGE PRICE" - means the price authorizedby the
          FDA under 21 CFR Section 312.7(d)(2) to charge patients or their
          insurance for the Investigational Drug provided to patients under the
          Treatment Protocol.

     1.28. "TREATMENT PROTOCOL PURCHASE PRICE" - means the price FFF shall pay
          Omrix for the Investigational Drug that will be provided to patients
          under the Treatment Protocol.

2.    INVESTIGATIONAL DRUG

     2.1. Omrigam NF. The Investigational Drug under this Agreement is Omrigam
          NF, which may be used in the US only in the Clinical Trials and under
           a Treatment Protocol, prior to approval by


FFF - Omrix Agreement: Investigational Phase       CONFIDENTIAL       Page 3 of 27

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          the FDA of a Biologics License Application. Omrix is and remains under
          this Agreement the exclusive owner of Omrigam NF.

     2.2. Regulatory Status. The Investigational Drug is a biologic for which a
          BLA has not yet been submitted to the FDA to obtain approval to market
          the product in the US. FFF will be the sponsor of an amended IND for
          the Investigational Drug (i.e., the FFF IND). The Parties' intent
          under this Agreement is for FFF to use data collected in the Clinical
          Trials to prepare a BLA that Omrix will submit to the FDA for approval
           to market Omrigam NF in the US in the Commercial Phase, as defined in
          section 1.5, above, and in accordance with section 3, below.

     2.3. Quality Standards and Rejections.

          a.    Quality Standards. Omrix shall be responsible for supplying all
               Investigational Drug used under this Agreement in compliance with
               cGMP standards, the specifications in the Omrix IND for the
               chemistry, manufacturing and quality control and all applicable
                FDA requirements set forth in 21 CFR Part 312 for labeling,
               packaging and shipping of investigational drugs (hereafter
               collectively "MANUFACTURING SPECIFICATIONS").

          b.    Change in Manufacturing Specifications. Omrix will advise FFF in
               writing of any proposed modifications to the Manufacturing
               Specifications prior to implementation. Omrix will only implement
               the modified Manufacturing Specifications after submitting to the
               FDA (through FFF) an information amendment to supplement the IND,
               if necessary under 21 CFR 312.23.

          c.    Rejections. FFF shall have the right to return to Omrix any
               Investigational Drug FFF that upon receipt from Omrix does not
               comply with Omrix's Manufacturing Specifications. FFF shall have
               ten (10) calendar days ("Inspection Period") from receipt of a
               shipment to perform a visual inspection for damage to the
               packaging or immediate container and to reject any damaged
               Investigational Drug in the shipment. FFF must send a written
               rejection notice to Omrix within the ten (10) day Inspection
               Period and must detail the basis for the rejection. FFF shall
               return any damaged units of Investigational Drug to Omrix. Omrix
               shall replace any rejected and returned damaged units of
               Investigational Drug without cost to FFF providing that the
               damage was not sustained after receipt of the Investigational
               Drug by FFF. If FFF does not deliver written notice to Omrix
               within the applicable Inspection Period of receipt of a shipment
               that FFF rejects such shipment because of non-compliance, FFF
               will be deemed to have accepted the shipment. If after an inquiry
               by Omrix it will be determined that any rejection was made in
                error, FFF will bear all costs associated with making such
               determination and will immediately pay Omrix the above cost
               together with any unpaid sum relating to the alleged
               non-complying Investigational Drug, and any other cost incurred
               by Omrix in connection with the alleged non-compliance.

     2.4. Investigational Use. The Investigational Drug may be used under this
          Agreement in the US only in the Clinical Trials and under a Treatment
          Protocol, in compliance with all applicable FDA regulations and
          approvals and in accordance with this Agreement.

     2.5. Supply and Purchase Commitments.

          a.    Omrix shall supply all Investigational Drug necessary for timely
               completion of the Clinical Trials and as needed to meet demand
               under the Treatment Protocol, subject to the supply of recovered
               plasma volume provided to Omrix under the DCI Contract.

          b.    Omrix agrees to sell to FFF and FFF shall purchase all
               Investigational Drug produced by Omrix from recovered plasma
               purchased pursuant to the DCI Contract provided, however, that
               under no circumstances shall FFF be responsible for purchasing
               more than *** of the Investigational Drug in any calendar year
               unless Omrix has obtained prior written approval of FFF to
               purchase such additional


FFF - Omrix Agreement: Investigational Phase       CONFIDENTIAL       Page 4 of 27

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               amounts. Notwithstanding the foregoing, during any partial
               calendar year under this Agreement, the number of grams of
               Investigational Drug which FFF shall be required to purchase
               shall be a pro rata amount based on the actual number of days
               during such calendar year in which this Agreement is in force and
               during which the Treatment Protocol is approved and effective.

          c.    Omrix shall assure that the Investigational Drug is shipped with
               the statement, "Caution: New Drug - Limited by United States law
               to investigational use," on the package label as required by 21
               CFR Section 312.6.

     2.6. Exclusive Distributor. FFF shall be the exclusive distributor of the
          Investigational Drug in the US.

     2.7. Handling Specifications. FFF shall be responsible for assuring that
          the Investigational Drug is handled by FFF, Investigators, and FFF's
          agents and subcontractors according to Omrix's specifications set
          forth in the FFF IND for the handling, storage, use, transport and
          general possession of Omrigam NF ("HANDLING SPECIFICATIONS"). FFF
          shall be responsible for maintaining accurate and current records
          regarding handling, storage and transport of the Investigational Drug
          for review by Omrix and the FDA or other regulatory agencies.

     2.8. Unused Investigational Drug. All unused quantities of Investigational
          Drug that have been provided to FFF under this Agreement for use in
          the Clinical Trials shall be destroyed by FFF, or, at Omrix's option,
          returned to Omrix, at Omrix's cost, upon any of the following events:
          i) the conclusion or termination of the Clinical Trials; ii) the IND
          or Treatment Protocol is placed on clinical hold by the FDA under 21
          CFR Section 312.34(d) and Section 312.42 for in excess of six (6)
          months unless otherwise agreed by the Parties; iii) upon approval of a
          BLA for Omrigam NF; or iv) upon termination of this Agreement. FFF
          shall be responsible for assuring that Investigators return all unused
          Investigational Drug to FFF for destruction or return to Omrix, as
          applicable.

     2.9. DCI Contract. The Parties recognize that Omrix has entered into a
          5-year supply agreement with DCI (the "DCI Contract") that is
          necessary for Omrix to provide Investigational Drug to FFF for use
          under this Agreement. If this Agreement is terminated under Sections
          15.2.b, 15.2.c, 15.3.a, 15.3.c or 15.3.d, then the Parties agree to
          share equally any loss incurred or profit realized by Omrix under the
          DCI Contract, provided, however, that FFF shall not be responsible for
          any loss based on DCI providing Omrix with more than *** liters of
          recovered plasma per calendar year unless Omrix has obtained FFF's
          prior written agreement that FFF will bear responsibility for such
          loss. If this Agreement is so terminated as set forth in the previous
          sentence, Omrix will make commercially reasonable efforts to resell
          such plasma and FFF agrees to be responsible to Omrix for an amount
          equal to *** of the difference, if any, that the price Omrix pays for
          such plasma is greater than the price that Omrix receives upon a
           resale of such plasma *** and Omrix agrees to pay FFF an amount equal
          to *** of the difference, if any, that the price Omrix pays for such
          plasma is less than the price that Omrix receives upon a resale of
          such plasma ***. Accordingly, FFF shall pay to Omrix fifty percent
          (50%) of the amount due by Omrix under the DCI Contract at least five
          (5) business days prior to the date that Omrix is due to pay such
          amounts to DCI, and Omrix shall reimburse FFF such amount, less the
          *** (or plus ***),if any, upon receipt of payment by a third party
          for the plasma. For the purposes of this Section 2.9, the amount that
          Omrix receives upon a resale shall be calculated net of all taxes,
          shipping and other associated out of pocket expenses incurred by
          Omrix in the resale of the plasma. Alternatively, if Omrix assigns
          the DCI Contract, or agrees with DCI on a termination fee, or enters
          into any other arrangement for disposal of the DCI Contract, then FFF
          agrees to reimburse Omrix for *** of any cost or loss incurred by
          Omrix resulting from entering into any such arrangement, provided
          that such arrangement has been approved by FFF in advance and Omrix
          agrees to pay FFF *** of any profit realized by Omrix resultin from
          entering into any such arrangement. In addition, if this Agreement is
          terminated by Omrix under Section 15.2.a or 15.2.d, or by FFF under
          Section 15.3.e, FFF shall


FFF - Omrix Agreement: Investigational Phase       CONFIDENTIAL       Page 5 of 27

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          be responsible for all amounts committed by Omrix in connection with
          the DCI Contract; provided, however, that if Omrix requires FFF to
          bear such costs in connection with such contract, FFF will have the
          option to have the DCI Contract assigned to FFF, subject to the
          approval of DCI, and Omrix shall have no obligations or liability
          after such assignment. This Section 2.9 shall survive termination of
          this Agreement. If Omrix enters into any other long term supply
          agreements for recovered plasma during the Term, which are approved by
          FFF in writing, then each party's responsibilities under such
          agreements will be treated in the same manner as described in this
          Section regarding the DCI Contract.

     2.10. Payments to Fund Expansion. FFF shall pay to Omrix non-refundable
          payments aggregating to ***, which Omrix will apply to expansion of
          Omrix's capacity to manufacture Omrigam NF. Notwithstanding the
          foregoing, Omrix will refund this amount to FFF only if the Agreement
          is terminated under Section 15.2.b or 15.3.e (as regards the Treatment
          Protocol Charge Price), to the extent such amount has not been
          expended on such expansion. These payments will be made in six (6)
          equal monthly installments of *** each. In the event the FDA approves
          the use of the Investigational Drug in the Treatment Protocol for the
          primary immune deficiency, ITP, CLL. BMT, pediatric HIV and Kawasaki's
          Disease disease states, the first payment will commence ninety (90)
          days after the Treatment Protocol is approved by the FDA. In the event
          the FDA approves the use of the Investigational Drug in the Treatment
          Protocol for the foregoing six (6) disease states and also for the
          CIDP, GBS and Myasthenia Gravis neurological disorders, then the first
          payment will instead commence thirty (30) days after the Treatment
          Protocol is approved by the FDA.

3.    COMMERCIAL PHASE

     3.1. Post-FDA Approval. The Commercial Phase means the phase of the
          relationship between the Parties after FDA approval of a Biologics
          License Application has been obtained and Omrigam NF may be marketed
          in the US.

     3.2. Exclusive Distributor. The terms and conditions between the Parties
          for the Commercial Phase are set forth in the agreement, SUPPLY AND
          DISTRIBUTION AGREEMENT: COMMERCIAL PHASE ("COMMERCIAL PHASE
          AGREEMENT"), attached hereto as Exhibit A. Under the Commercial Phase
          Agreement, FFF shall be the exclusive distributor of Omrigam NF in the
          US.

     3.3. Commercial Phase Agreement. Execution of the Commercial Phase
          Agreement is a concurrent condition of execution of this Agreement.

4.    CLINICAL TRIALS

     4.1. General Responsibilities.

          a.    FFF. FFF will be the sponsor of the Clinical Trials under the FFF
               IND, as defined in section 1.10, above. FFF shall be responsible,
                at its own cost, for conducting the Clinical Trials through a
               qualified Contract Research Organization (CRO). FFF will be the
               exclusive contact with the FDA on all matters related to the FFF
               IND, the Clinical Trials and the Treatment Protocol. FFF shall
               use its best reasonable efforts to conduct the Clinical Trials in
               a timely manner and in accordance with this Agreement, the
               approved protocol for the individual Clinical Trial and all
               applicable federal, state and local regulatory requirements. FFF
               shall keep Omrix informed in a timely manner of all regulatory
               issues, the conduct of the Clinical Trials and use of the
                Investigational Drug under the Treatment Protocol and will obtain
               Omrix's approval prior to all regulatory decisions.

          b.    Omrix. Omrix shall use its best reasonable efforts to work
               collaboratively and in a timely manner with FFF in meeting all
               regulatory requirements related to the FFF IND, including


FFF - Omrix Agreement: Investigational Phase       CONFIDENTIAL       Page 6 of 27

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               without limitation providing information requested by FFF for use
               in correspondence with the FDA related to the Clinical Trials.

     4.2. FFF Responsibilities.

          a.    Sponsor's Obligations. FFF shall be responsible for assuring that
               all Sponsor obligations under 21 CFR Part 312 are met either by
               FFF or as delegated by FFF to the CRO.

          b.    Contract Research Organization. FFF shall be responsible for
               selecting and hiring a CRO to conduct the Clinical Trials, within
               thirty (30) days of notice from the FDA of approval of the FFF
               IND. FFF shall be responsible for overseeing and paying the CRO
               to conduct the Clinical Trials.

          c.    Clinical Trials. FFF shall contract with the CRO to conduct the
               following Clinical Trials:

               1.    Phase 2 Clinical Trial. Immediately upon hiring the CRO and
                    obtaining all necessary regulatory approvals from the FDA
                    and the IRB, the CRO shall initiate a Phase 2 Clinical Trial
                    with qualified Investigators in which the safety and
                    efficacy of the Investigational Drug will be evaluated in
                    five (5) or fewer patients with primary immune deficiency.
                    FFF and Omrix shall work closely with the CRO in preparing
                    detailed protocols for the Phase 2 Clinical Trial as needed
                    to obtain FDA clearance.

               2.     Phase 3 Clinical Trial. Upon conclusion of the Phase 2
                    Clinical Trial and obtaining all necessary regulatory
                    approvals from the FDA and the IRB, the CRO shall initiate a
                    Phase 3 Clinical Trial with qualified Investigators in which
                    the safety and efficacy of the Investigational Drug will be
                    evaluated in fifty (50) or fewer patients with primary
                    immune deficiency. FFF and Omrix shall work closely with the
                    CRO in preparing detailed protocols for the Phase 3 Clinical
                    Trial as needed to obtain FDA clearance.

          d.    Protection of Human Subjects. FFF shall be responsible for
               assuring that the Clinical Trials are conducted in compliance
               with all applicable FDA regulations protecting human subjects as
               set forth in 21 CFR Parts 50 and 56. FFF shall assure that no
               subject will receive the Investigational Drug until the
               Investigator's IRB has obtained IRB approval of the Clinical
               Trial protocol and informed consent form, the subject has been
               fully informed of the risks and benefits of participating in the
               Clinical Trial and the subject has signed the approved informed
               consent form.

          e.    Regulatory Compliance. FFF shall be responsible for assuring that
               the Clinical Trials are conducted in compliance with all
               applicable FDA regulations, including without limitation the
               following:

               1.    Compliance with Good Clinical Practices ("GCPS"), prudent
                    research practices and the IRB-approved protocol for the
                    individual Clinical Trial.

               2.    Compliance with the Health Insurance Portability and
                    Accountability Act of 1996, as codified at 42 USC Section
                    1320d ("HIPAA") and its implementing regulations, including
                    without limitation 45 CFR Parts 160 and 164 ("the Privacy
                    Regulations") and 45 CFR Parts 142 (the "Security
                    Regulations"), collectively the "HIPAA REQUIREMENTS." FFF
                    shall assure compliance with applicable HIPAA Requirements
                    for obtaining and disclosing protected health information
                    ("PHI"), as that term is defined in 45 CFR Section 164.501,
                     in the Clinical Trials.

               3.    The CRO shall not retain, employ or involve any person in
                    conducting the Clinical Trials if such person is (i)
                    debarred by the FDA under 21 USC 335a; (ii) the subject of a
                    disqualification proceeding or is disqualified as a clinical
                    investigator pursuant to 21 CFR.


FFF - Omrix Agreement: Investigational Phase       CONFIDENTIAL       Page 7 of 27

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                    Section 312.70; or (iii) has been excluded from
                    participation in any federal health care program pursuant to
                    Title XI of the Social Security Act.

               4.    FFF shall be responsible for obtaining from all
                     Investigators information regarding financial interests as
                    necessary for Omrix to comply with any disclosure
                    requirements to the FDA under 21 CFR Part 54.

          f.    Investigator's Brochure. FFF shall be responsible for assuring
               that all Investigators receive a copy of the Investigator's
               Brochure as required under 21 CFR Section 312.55(a).

          g.    Safety Information. FFF shall be responsible for assuring that
               safety information regarding life-threatening, serious and/or
               unexpected adverse drug experiences is collected during the
               Clinical Trials as required under 21 CFR Section 312.32 and in
               accordance with FDA guidance published November 30, 2005. FFF
               shall promptly provide to Omrix written reports of any and all
               such adverse drug experiences for Omrix's review and evaluation.
               FFF shall notify Omrix immediately by telephone of any unexpected
               or life-threatening adverse event associated with use of the
               Investigational Drug. FFF shall be responsible for investigating
               all safety information it receives and following-up as
               appropriate under 21 CFR Section 312.32(d). FFF shall be
               responsible for preparing and submitting written IND safety
               reports as required under 21 CFR Section 312.32(c) on all serious
               and unexpected adverse drug experiences to the FDA as soon as
               possible but not later than fifteen (15) calendar days of
               receiving notice of such experiences. FFF shall be responsible
               for notifying the FDA of any unexpected fatal or life-threatening
               drug experience by telephone or facsimile as soon as possible but
               not later than seven (7) calendar days of receiving information
               about such experiences.

          h.    Distribution and Disposition Investigational Drug. FFF shall be
               responsible for assuring that the Investigational Drug is
               distributed only to qualified Investigators for use in the
               Clinical Trials in accordance with the approved protocol. FFF
               shall assure that any and all unused quantities of the
               Investigational Drug dispensed to Investigators for use in the
               Clinical Trials are returned by Investigators to FFF and disposed
                of by FFF in accordance with section 2.8, above. FFF shall
               maintain complete, accurate and current records of the
               disposition of all Investigational Drug as required under 21 CFR
               Section 312.59 and provide such records to Omrix at the
               conclusion of the Clinical Trials.

          i.    IND Information. FFF shall provide to Omrix the complete FFF IND
               and copies of any amendments to the IND at least twenty-four (24)
                hours prior to submission to the FDA.

          j.    Maintain FFF IND. FFF shall be responsible for complying with all
               regulatory requirements necessary to maintain the FFF IND and
               providing the FDA with any supplemental information to amend the
               IND as required under 21 CFR Section 312.31.

          k.    Reports and Records. FFF shall be primarily responsible for
               preparing all FDA required reports and records in consultation
               with Omrix. FFF shall submit all required reports to the FDA. FFF
               shall maintain all FDA required records for two (2) years after
               approval of the BLA as required under 21 CFR Section 312.57(c) or
               two (2) years after termination of this Agreement, whichever
               occurs earlier.

     4.3. Omrix Responsibilities.

          a.    Supply Investigational Drug. Omrix shall supply to FFF all
               Investigational Drug necessary for the Clinical Trials at its
               expense and free of charge, subject to volumes of recovered
               plasma provided to Omrix under the DCI Contract. Omrix shall
               provide the Investigational Drug in compliance with all
               applicable FDA requirements for labeling, packaging and shipping
               of investigational drugs set forth in 21 CFR Part 312. Such
               packaging shall include all materials needed to infuse the
               Investigational Drug or placebo.


FFF - Omrix Agreement: Investigational Phase       CONFIDENTIAL       Page 8 of 27

<PAGE>

          b.    Maintenance of FFF IND. Omrix shall cooperate with FFF in
               complying with all regulatory requirements necessary to maintain
               the FFF IND as far as such requirements relate to the
               manufacturing, labeling and shipping of the Investigational Drug
               and providing FFF with any supplemental information needed to
               amend the IND as required under 21 CFR Section 312.31.

          c.    Records. FFF and Omrix shall maintain adequate records of
               shipments of Investigational Drug, as required under 21 CFR
               Section 312.57(a) including the recipient, date, quantity, and
                batch or code mark of each shipment.

          d.    Safety Information. Omrix shall review and evaluate all safety
               information received from FFF and provide timely feedback to FFF
               to allow FFF to comply with its safety reporting obligations as
               described in section 4.2.g, above. Omrix shall cooperate with FFF
               in investigating all serious adverse events associated with use
               of the Investigational Drug, as required under 21 CFR Section
               312.32(d).

          e.    Reports. Omrix shall cooperate with FFF as needed to prepare all
               reports required by the FDA to assure timely submission of
               complete and accurate reports.

     4.4. Data. FFF shall own all data generated in the Clinical Trials. The
          Parties shall consult with each other in the interpretation of the
          data. FFF shall maintain the data as needed to prepare reports and
          maintain records required under 21 CFR Part 312 and Omrix will use the
          data to prepare the BLA. FFF shall provide Omrix with copies of all
          data generated in the Clinical Trials on a regular basis, and, in any
          case, no less frequently than quarterly. Upon termination of this
          Agreement, Omrix shall cease to use all data provided to Omrix by FFF
          pursuant to this section 4.4 unless FFF agrees otherwise in writing or
          until the transfer of the data from FFF to Omrix in accordance with
           section 15.4 of this Agreement.

5.    TREATMENT PROTOCOL

     5.1. FFF Responsibilities.

          a.    Treatment Protocol. FFF shall be responsible for obtaining a
               Treatment Protocol, as defined in section 1.26, under the FFF IND
                and in accordance with the provisions of this section 5.1.

               1.    Treatment Protocol. FFF shall prepare a treatment protocol
                    ("Treatment Protocol") in consultation with and information
                    provided by Omrix and in accordance with 21 CFR Section
                    312.35(a) to use the Investigational Drug to treat patients
                    with primary immune deficiency who are not enrolled as
                    subjects in the Clinical Trials. FFF has been engaged in
                    discussions with the FDA regarding the Treatment Protocol
                    and shall continue to be responsible for negotiating the
                    terms of the Treatment Protocol with the FDA. FFF shall
                    prepare the Treatment Protocol in time for FFF to submit it
                    to the FDA immediately after initiation of the Phase 2
                    Clinical Trial with the goal of obtaining approval during or
                     immediately after the conclusion of the Phase 2 Clinical
                    Trial. FFF shall be the sponsor of the Treatment Protocol
                    and shall submit the Treatment Protocol to the FDA under the
                    FFF IND. In addition, FFF will provide Omrix with an
                    electronic copy of the packaging material which will be used
                    in the Treatment Protocol consistent with all FDA
                    requirements.

               2.    Approval of the Treatment Protocol. The Treatment Protocol
                    shall be deemed approved thirty (30) days after the date the
                    FDA receives the Treatment Protocol unless the FDA either:
                    (a) provides earlier notification that treatment use of the
                    Investigational Drug may begin or (b) places the Treatment
                    Protocol on clinical hold under 21 CFR Section 312.34(d). If
                    no communication has been received from the FDA within forty
                    (40) days of submission of the Treatment Protocol, Omrix and
                    FFF shall confirm with the FDA that treatment use of the
                    Investigational Drug may begin.


FFF - Omrix Agreement: Investigational Phase       CONFIDENTIAL       Page 9 of 27

<PAGE>

          b.    Contract Research Organization. FFF shall be responsible for
               selecting and hiring a CRO or equivalent within thirty (30) days
               of approval of the Treatment Protocol, as defined in Section
               5.1.a.2, above, to implement the Treatment Protocol, including
               without limitation selecting qualified physicians as
               Investigators, obtaining approval as needed by local IRBs,
               assuring patients who receive the Investigational Drug have been
               fully informed of the risks and benefits and have signed an IRB
               approved informed consent form.

          c.    Distribution and Disposition of Investigational Drug. FFF shall
               be the exclusive distributor of the Investigational Drug under
               the Treatment Protocol. FFF shall assure that the Investiga


 
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