LICENSE AGREEMENT AMENDMENT #5
Exhibit 10.14
AMENDMENT #5
WHEREAS, effective as of December 1, 2014, and as further amended, Miromatrix Medical Inc., a corporation organized under the laws of the State of Delaware and having an office ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (“Miromatrix”) and Mayo Foundation for Medical Education and Research, a not for profit corporation with an address at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (“Mayo”) executed a License Agreement (the “Agreement”) for Services as outlined in the Agreement.
WHEREAS, Miromatrix and Mayo wish to amend said Agreement.
NOW, THEREFORE, Miromatrix and Mayo agree as follows:
| 1. | The Term of the Agreement shall be extended to March 31, 2020. |
| 2. | Miromatrix has agreed to provide additional funding of $200,000 for extension described in #1 above. Accordingly, the attached Exhibit B-3 shall amend Section 3 of the Agreement. |
| 3. | Except as specifically provided herein, the terms and conditions of the Agreement shall remain in force. |
IN WITNESS WHEREOF, the Parties have executed this Amendment which shall be effective as of the last dated signature below.
| MIROMATRIX MEDICAL INC. | MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH | |||
| By: | /s/ ▇▇▇▇ ▇▇▇▇ | By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |
| Name: | ▇▇▇▇ ▇▇▇▇ | Name: | ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |
| Title: | CEO | Title: | Sr. Contract Manager | |
| Date: | 5/12/2019 | Date: | 5/7/2019 | |
Budget – Exhibit B-3
