6th AMENDMENT TO AMENDED AND RESTATED LICENSE AGREEMENT
6th AMENDMENT TO AMENDED AND RESTATED LICENSE AGREEMENT
6th AMENDMENT TO AMENDED AND RESTATED LICENSE AGREEMENT, (“6th Amendment”) effective as of June 10, 2016 (“Effective Date”), by and between The University of North Carolina at Chapel Hill, having an address at 000 Xxxxxx Xxxxx, Xxxxx 000, Xxxxxx Xxxx, Xxxxx Xxxxxxxx 00000, (“University”), and Liquidia Technologies, Inc., a corporation existing under the laws of Delaware, and having an address at 000 Xxxxx Xxxxx, Xxxxx 000, Xxxxxxxxxxx, XX 00000 (“Licensee”).
WITNESSETH:
WHEREAS, Licensee and University have entered into an Amended and Restated License Agreement dated as of December 15, 2008, First Amendment dated June 8, 2009, Second Amendment dated June 1, 2012, Third Amendment dated October 7, 2014, 4th Amendment dated July 22, 2015, and 5th Amendment dated November 12, 2015 (collectively the “Agreement”); and
WHEREAS, University and Licensee wish to amend the Agreement to extend the term for Milestone U under the Agreement upon the terms and conditions set forth below.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged and in consideration of the promises and mutual covenants contained in the Agreement and herein, the parties hereto agree as follows:
1. The date for completion of Milestone U shall be amended to replace “January 1, 2018”, with “December 31, 2020”.
2. This 6th Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this 6th Amendment to Amended and Restated License Agreement by their duly authorized officers or representatives.
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THE UNIVERSITY OF NORTH CAROLINA, CHAPEL HILL |
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LIQUIDIA TECHNOLOGIES, INC. | ||
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BY: |
/s/ Xxxxxxxxxx Xxxx |
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BY: |
/s/ Xxxxx Xxxxxxx |
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Name: |
Xxxxxxxxxx Xxxx |
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Name: |
Xxxxx Xxxxxxx |
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Title: |
Director of Licensing, OCED |
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Title: |
VP Legal Affairs & Secretary |
