NEC Partnership Westwood, MA 02090 October 13, 2005
Exhibit
10.9
NEC
Partnership
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▇▇▇▇▇▇▇▇,
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October
13, 2005
▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇, CEO
Integrated
Pharmaceuticals, Inc.
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▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇,
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Re:
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Amendment
to First Amendment and Restated Patent License Agreement (the
“License”)
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Dear
▇▇.
▇▇▇▇▇▇▇▇▇▇:
On
behalf
of NEC Partnership, the Licensor under the above-referenced License, we hereby
agree to modify section 5.4 of the License:
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1.
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by
waiving any right to royalties in any year in which the sales of
Licensed
Products is less than $5 million; and
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|
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2.
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by
waiving any right to royalties in any year in which the EBITDA
of the
Company from the sale of Licensed Products is less than 12.5% of
the
Company’s revenues from the sale of Licensed
Products.
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To
indicate the acceptance of Integrated Pharmaceuticals Inc. to these revised
terms, please sign the acceptance line below.
Very
truly yours,
NEC
PARTNERSHIP
/s/
▇▇▇▇▇▇ ▇. Furtado____
▇▇▇▇▇▇
▇.
▇▇▇▇▇▇▇, Partner
ACCEPTED
AND AGREED:
INTEGRATED
PHARMACEUTICALS, INC.
/s/
▇▇▇▇▇▇▇ Chatterjee____
By:
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Its:
CEO
