AMENDMENT #7 TO: EXCLUSIVE LICENSE BETWEEN KINEMED INC. AND THE REGENTS OF THE UNIVERSITY OF CALIFORNIA FOR
Exhibit 10.17
*** INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
AMENDMENT #7 TO:
BETWEEN
AND
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA
FOR
***
U.C. Agreement No.: ***
UC Case Nos: ***
AMENDMENT #7 TO:
***
U.C. Case Nos: ***
Effective April 11, 2011 (the “EFFECTIVE DATE OF AMENDMENT #7”), THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, a California corporation, whose legal address is 0000 Xxxxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxxx, Xxxxxxxxxx 00000-0000, acting through its Office of Technology Licensing, at the University of California, Berkeley, 0000 Xxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxx, XX 00000-0000 (“REGENTS”) and KINEMED, INC., a Delaware corporation having a principal place of business at EmeryStation North, 0000 Xxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxxxx, XX 00000-0000 (“LICENSEE”), agree to amend that certain Agreement between REGENTS and LICENSEE which bears an effective date of February 16, 2001 (as amended previously through Amendments #0, #0, #0, #0, #0 and #6 said Amendments bearing effective dates of June 15, 2002, October 15, 2002, March 25, 2003, November 6, 2003, March 1, 2004, and September 22, 2005 respectively), as follows:
ARTICLE 4.1(a) (SUBLICENSES) substitute the following:
(a) LICENSEE will have the right to sublicense to third party sublicensees (“SUBLICENSEES”) the rights granted in Article 3.1, provided that LICENSEE has current exclusive rights under this AGREEMENT, and provided that LICENSEE pays to REGENTS within *** days following execution of any sublicense agreement the following percentage of the SUBLICENSE FEES:
| (i) | *** of SUBLICENSE FEES up to *** of SUBLICENSE FEES; |
| (ii) | *** of the SUBLICENSE FEES in excess of *** up to *** of SUBLICENSE FEES; |
| (iii) | *** of the SUBLICENSE FEES in excess of *** up to *** of SUBLICENSE FEES; and, |
| (iv) | *** of the SUBLICENSE FEES in excess of *** of SUBLICENSE FEES. |
For the avoidance of doubt the value of SUBLICCENSE FEES for the percentage calculation in (i) to (iv) shall be a cumulative value that will be a sum based on all SUBLICENSES.
*** INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
| Amendment #7 KINEMED | Page 2 of 3 |
All remaining terms and conditions of the Agreement (as amended) remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement in duplicate originals by their duly authorized officers or representatives.
| THE REGENTS OF THE | KINEMED, INC. |
| UNIVERSITY OF CALIFORNIA |
| By: | /s/ Xxxxx X. Xxxxxxx, Ph.D. | By: | /s/Xxxxx X. Xxxxxxx | ||
| Xxxxx X. Xxxxxxx, Ph.D. | Xxxxx X. Xxxxxxx | ||||
| Associate Director | President and CEO | ||||
| Office of Technology Licensing |
| Date: | April 15, 2011 | Date: | April 12, 2011 |
*** INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
| Amendment #7 KINEMED | Page 3 of 3 |
