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EXHIBIT 10.3(b)
SECOND AMENDMENT TO AGREEMENT
This Second Amendment to Agreement (this "Second Amendment"),
is made by and between Atrix Laboratories, Inc., a Delaware corporation
("Atrix") with its principal place of business at 0000 Xxxxxxxx Xxxxx, Xxxx
Xxxxxxx, Xxxxxxxx 00000-0000 and Block Drug Corporation, a New Jersey
corporation ("Block") with its principal place of business at 000 Xxxxxxx
Xxxxxx, Xxxxxx Xxxx, Xxx Xxxxxx 00000-0000, as of this 31st day of July 1997,
with respect to that certain Agreement dated as of December 16, 1996 (the
"Agreement") between Atrix and Block, as amended by that certain First Amendment
to Agreement dated as of June 10, 1997.
WHEREAS, the parties desire to further amend the Agreement on
the terms and conditions set forth herein; and
WHEREAS, the Agreement was amended by that First Amendment
dated as of June 10, 1997 to extend the time period for Block to elect whether
or not to exercise the International Option.
NOW THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby amend the Agreement as follows:
1. Section 2.02 of the Agreement is hereby amended in its entirety to
read as follows:
Section 2.02. International Option. Block shall have the
option to acquire from Atrix an exclusive license in each country in
Group I, II and III, on a country by country basis, to market, promote,
advertise, distribute and commercialize Atridox(TM) upon the payment of
the following option fees (the "Option Fees") on or before September 8,
1997:
(a) [**] per country for each Group I country;
(b) [**] per country for each Group II country; and
(c) [**] per country for each Group III country.
Failure by Block to exercise the option by payment of the
Option Fees shall be deemed to be the termination of that part of the
option for which the Option Fees were not paid.
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** Confidential Treatment Requested by Atrix on March 23, 1999
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2. All capitalized terms used and not otherwise defined herein shall
have the same meanings as set forth in the Agreement.
3. Except as expressly modified by the terms hereof, the terms
and provisions of the Agreement shall remain in full force and
effect as originally written.
4. Signatures on this Second Amendment may be communicated by
facsimile transmission and shall be binding upon the parties
transmitting the same by facsimile transmission. Counterparts
with original signatures shall be provided to the other party
within five (5) days of the applicable facsimile transmission,
provided, however, that the failure to provide the original
counterpart shall have no effect on the validity or the
binding nature of this Second Amendment. If executed in
counterparts, this Second Amendment will be as effective as if
simultaneously executed.
IN WITNESS WHEREOF, the parties hereto have executed this Second
Amendment as of the date first written above.
ATRIX LABORATORIES, INC.
By /s/ Xxxxxxx X. Xxx
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Xxxxxxx X. Xxx, Ph.D., M.B.A.
Vice President of New Business Development
Dated July 31, 1997.
BLOCK DRUG CORPORATION
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx, Senior Vice
President Research and Technology
Dated July 31, 1997.
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STATE OF COLORADO )
) ss.
COUNTY OF LARIMER )
The above and foregoing was acknowledged before me by Xxxxxxx X. Xxx,
Ph.D., M.B.A., Vice President of New Business Development of Atrix Laboratories,
Inc. on the 31st day of July, 1997.
Witness my hand and official seal.
/s/ Xxx X. Xxxxxx
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Notary Public
My Commission expires: September 6, 0000
XXXXX XX XXX XXXXXX )
) ss.
COUNTY OF OCEAN )
The above and foregoing was acknowledged before me by Xxxxxxx X. Xxxxxx,
Senior Vice President Research and Technology of Block Drug Corporation on the
4th day of August, 1997.
Witness my hand and official seal.
/s/ Xxxxx Xxxxx
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Notary Public
My Commission expires: October 4, 1999
