EXHIBIT 10.3
TERMINATION AGREEMENT
THIS TERMINATION AGREEMENT is made as of March 28, 2005
B E T W E E N:
OCCULOGIX, INC., a corporation incorporated under the
laws of the State of Delaware
("OCCULOGIX")
- and -
APHERESIS TECHNOLOGIES, INC., a corporation incorporated
under the laws of the State of Florida
("ATI")
WHEREAS
OccuLogix Corporation (later Vascular Sciences Corporation and
now
OccuLogix) and ATI entered into a
distribution services agreement (the "ORIGINAL
DISTRIBUTION SERVICES AGREEMENT"), dated
May 1, 2002, pursuant to which ATI has
been providing to OccuLogix, on an
exclusive basis, warehousing, order
fulfillment, shipping, billing and customer
services;
AND
WHEREAS Vascular Sciences Corporation (now OccuLogix) and ATI
amended
the Original Distribution Services
Agreement by an amendment dated July 30, 2004
(the "AMENDMENT");
AND
WHEREAS OccuLogix LLC and ATI wish to terminate the Original
Distribution Services Agreement and the
Amendment as of the date hereof;
NOW
THEREFORE in consideration of the mutual covenants and
agreements
contained herein, and other good and
valuable consideration, the receipt of
which is hereby acknowledged, OccuLogix and
ATI hereby agree as follows:
1. Effective as of the
date hereof, the Original Distribution Services
Agreement
and the Amendment are hereby terminated and rendered
