AMENDMENT NO.1
SECURITY DEPOSIT RETURN
This Amendment No. 1 dated July 31, 1996 is between the University of Florida
Research Foundation, Inc., a not-for-profit corporation duly organized and
existing under the laws of the State of Florida and having its office in 000
Xxxxxxx Xxxx, Xxxxxxxxxxx, XX 00000-0000 ("UFRFI"), and Ixion Biotechnology,
Inc., a company duly organized under the laws of Delaware, and having its
principle office at 00000 Xxxxxxxx Xxxxx, Xxxxxxx, Xxxxxxx 00000 ("Ixion")
WITNESSETH
WHEREAS, UFRFI and Ixion entered into an Incubator License Agreement
relating to licensed space at the Xxx Xxxxxx Biotechnology Development
Institute in Alachua, Florida, dated June 26, 1995 (the "XXX"), and
WHEREAS, UFRFI and Ixion desire to amend the XXX in connection with the
exercise by Ixion of the option for the first renewal term ending July 31,
1997;
NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein the parties agree as follows:
1. UFRFI shall reimburse Ixion $1,065, the full amount of the security
deposit previously deposited pursuant to Section 10 of the XXX;
2. Ixion, having accepted the return of the one month license fee,
agrees to pay a $200.00 non-refundable occupancy fee upon invoice; and
3. Section 10 of the XXX shall be deleted and replaced in its entirety
with the following:
10. Occupancy Fee. Licensee shall pay to UFRFI a non-
refundable sum of $200.00 to cover key lock changes, minor adaptations and
other incidental expenses related to the occupancy of the Licensee. The
Occupancy Fee shall be paid at the beginning of the initial term as an
addition to the first month's payment of license fees pursuant to Section 3
(a).
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals
and duly executed this agreement as of the day and the year first set forth
above.
University of Florida Research Foundation, Inc. Ixion
Biotechnology, Inc.
Xxxxxx X. Xxxxxxxxx, Ph.X.
Xxxxxx X. Xxxxxx
Executive Director
Chairman and Chief Executive Officer
