Exhibit 10.17
Applied DNA Sciences, Inc.
0000 X. Xxxxxx Xxxxxxxxx, Xxxxx 000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
October 20, 2005
Biowell Technology Inc.
00X, Xx. 000 Xxxxx-Xxxxx Xx.
Xxxxx-Xx Xxxx
Xxxxxx Xxxxxx
Xxxxxx 235
ROC
Re: Amended License Agreement
-------------------------
Dr. Jun-Xxx Xxxx:
As referenced in the Exclusive Licensing Agreement, dated as of July 12,
2005 (the "Agreement"), Applied DNA Sciences, Inc. and APDN (B.V.I.) Inc. hereby
agree to amend the Agreement to add a section 1.11 which shall read as follows:
1.11 Notwithstanding anything to the foregoing, in the event that, during
the term of the Agreement, any Biowell Territory is identified by the U.S.
State Department as a state sponsor of terrorism or is subject to economic
sanctions administered by the U.S. Treasury Department's Office of Foreign
Assets Control (a "Sanctioned Territory"), Biowell shall not have any
contact, direct or indirect, with such Sanctioned Territory until such time
as the Sanctioned Territory is no longer identified by the U.S. State
Department as a state sponsor of terrorism and is not subject to economic
sanctions administered by the U.S. Treasury Department's Office of Foreign
Assets Control. In addition, in the event that any Biowell Territory
becomes a Sanctioned Territory, all sections of this Agreement, including
minimum royalty fees, relating to such Sanctioned Territory, shall be
suspended while such Biowell Territory remains a Sanctioned Territory.
If this proposed amendment is acceptable to you, please execute below.
Very truly yours,
APPLIED DNA SCIENCES, INC.
By: /s/ XXXXX XXXXXXXXXX
Xxxxx Xxxxxxxxxx
President
By: /s/ XXXXX XXXXXXX
-----------------
Xxxxx Xxxxxxx
Chief Executive Officer
APDN (B.V.I.) INC.
By: /s/ XXXXX XXXXXXXXXX
---------------------
Xxxxx Xxxxxxxxxx
President
Agreed to and Accepted:
BIOWELL TECHNOLOGY INC.
By: /s/ JUN-XXX XXXX
-----------------
Jun-Xxx Xxxx
Chairman
Dated: October 20, 2005
