EXHIBIT 10.51
*** TEXT OMITTED AND FILED SEPARATELY
CONFIDENTIAL TREATMENT REQUESTED
UNDER 17 C.F.R. SECTIONS 200.80 (B)(4),
AND 240.24B-2
THIRD AMENDMENT OF THE LICENSE AGREEMENT
This THIRD AMENDMENT OF THE LICENSE AGREEMENT (this "THIRD AMENDMENT") is
made and entered into as of March 29, 2004, by and between EPIMMUNE INC. (the
"COMPANY") and INNOGENETICS, NV ("INNOGENETICS") (collectively referred to
herein as the "PARTIES").
R E C I T A L S
WHEREAS, the Company and Genencor International, Inc. ("GENENCOR") entered
into that certain License Agreement, dated July 9, 2001 (the "LICENSE
AGREEMENT"), as amended by the First Amendment of the License Agreement, dated
October 16, 2002 (the "FIRST AMENDMENT"), and the Second Amendment of the
License Agreement, dated March 15, 2004 (the "SECOND AMENDMENT");
WHEREAS, Genencor proposes to assign its rights and obligations under the
License Agreement, as amended by the First Amendment and the Second Amendment,
to Innogenetics, in connection with a sale to Innogenetics of substantially all
of its business assets relating to vaccines for the prevention and/or treatment
of hepatitis B virus infections, hepatitis C virus infections and human
papilloma virus infections (the "TRANSACTION"); and
WHEREAS, contingent on and at the time of Genencor assigning to
Innogenetics its rights and obligations under the License Agreement, as amended
by the First Amendment and the Second Amendment, the Parties wish to amend the
License Agreement, as amended by the First Amendment and the Second Amendment,
on the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the mutual undertakings of the Parties
as set forth below as well as other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the Parties do hereby mutually
agree as follows:
1. EFFECTIVE DATE. This Third Amendment shall become effective upon the
date Genencor assigns to Innogenetics its rights and obligations under the
License Agreement, as amended by the First Amendment and the Second Amendment
("Effective Date"), and subject to the condition precedent of Genencor assigning
its rights and obligations under the License Agreement as amended by the First
Amendment and the Second Amendment. In the event Innogenetics provides the
Company with written notice of the termination of the Transaction within
[...***...] after the Effective Date, effective upon the date of such notice,
this Third Amendment shall automatically terminate and shall be void and have no
further effect. The Parties acknowledge that,
* CONFIDENTIAL TREATMENT REQUESTED
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as of the Effective Date, references to Genencor in the License Agreement, as
amended by its First Amendment, the Second Amendment and this Third Amendment
shall be amended so as to replace "GCOR" with "Innogenetics".
2. AMENDMENT TO LICENSE AGREEMENT.
SECTION 1.6. As of the Effective Date, Section 1.6 of the License
Agreement is hereby amended and restated in its entirety as follows:
"1.6 "Collaboration Term" shall mean the four and one-half (4-1/2) year
period from April 2, 2001 through September 30, 2005, unless
extended by mutual agreement or terminated early as provided for in
the Collaboration Agreement."
3. REPRESENTATIONS AND WARRANTIES. Both Parties agree that, effective
as of the Effective Date (Effective Date as defined in this Third Amendment
under Section 1 above), (1) Epimmune renews its representations and warranties
as mentioned under 7.1 of the License Agreement, as amended by the First
Amendment and the Second Amendment, and (2) Innogenetics makes the
representations and warranties as mentioned under 7.2 of the License Agreement,
as amended by the First and the Second Amendment.
4. OTHER TERMS REMAIN IN EFFECT. All terms and conditions of the
License Agreement as amended by the First Amendment and the Second Amendment,
which are not modified by this Third Amendment, shall remain in full force and
effect. From and after the Effective Date, for purposes of the License
Agreement, the term "Agreement" shall be deemed to mean the License Agreement as
amended by the First Amendment, the Second Amendment and this Third Amendment.
4. MISCELLANEOUS. This Third Amendment shall be governed by and
construed under the laws of the State of California as applied to agreements
among California residents entered into and to be performed entirely within
California. The provisions hereof shall inure to the benefit of, and be binding
upon, the successors and assigns of Innogenetics and the Company. Parties agree
that no press release or other communication will be issued relating to the
existence or the terms and conditions of this Third Amendment before the
Effective Date mentioned herein.
IN WITNESS WHEREOF, the Parties have executed this THIRD AMENDMENT OF THE
LICENSE AGREEMENT as of the date first above written.
INNOGENETICS, NV EPIMMUNE INC.
By: /s/ Philippe Archinard By: /s/ Xxxxxx X. De Vaere
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Name: Philippe Archinard Name: Xxxxxx X. De Vaere
Title: CEO Title: CFO
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