MIRNA THERAPEUTICS LETTERHEAD]
Exhibit 10.3(G)
[XXXXX THERAPEUTICS LETTERHEAD]
[***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
CONFIDENTIAL
August 24, 2015
Marina Biotech, Inc.
0000 Xxxxx Xxxxx Xxxxxxx
Xxxxxxx, Xxxxxxxxxx 00000
Attn: J. Xxxxxxx Xxxxxx, President & Chief Executive Officer
Re: Selection and Agreement Regarding Option Compound
Dear Xxxxxxx:
Reference is made to that certain License Agreement effective December 22, 2011 by and between Xxxxx Therapeutics, Inc., a Delaware corporation (“MirnaRx”), and Marina Biotech, Inc., a Delaware corporation (“Marina Bio”), as amended by Amendment No. 1 effective December 27, 2013 and Amendment No. 2 effective May 11, 2015, and as further supplemented by Side Letters dated December 22, 2011, November 16, 2012, and January 9, 2014 (collectively, as amended, the “Agreement”). Capitalized words used but not defined herein shall have the meaning ascribed to such terms in the Agreement.
MirnaRx and Marina Bio agree as follows:
1. MirnaRx desires to select the Option Compound [***] as the fifth Selected MirnaRx Compound in accordance with Section 2.6 of the Agreement. Marina Bio confirms that the selected Option Compound is Available and shall be deemed a Selected MirnaRx Compound.
2. With respect to the associated selection fee payment set forth in Section 5.2(b)(i) of the Agreement, (a) the initial portion of the selection fee shall be [***] provided that it is [***] by MirnaRx to Marina Bio on or before [***], and (b) the [***] due upon MirnaRx’s sublicensing to a Sublicensee of the Licensed Product containing the selected Selected MirnaRx Compound, as set forth in Section 5.2(b)(ii) of the Agreement.
3. The sequence of the selected Selected MirnaRx Compound is the highly confidential information of MirnaRx, and Marina Bio shall comply with the confidentiality obligations set forth in the Agreement with respect thereto.
4. This side letter (the “Side Letter”) shall be subject to the terms and conditions of the Agreement; provided that, to the extent that the terms set forth in this Side Letter conflict with the terms of the Agreement, the terms of this Side Letter shall govern and control.
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AGREED TO BY: |
XXXXX THERAPEUTICS, INC. | |
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Signature: |
/s/ Xxxx XxXxxxx |
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Xxxx XxXxxxx | |
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Chief Business Officer | |
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MARINA BIOTECH, INC. | |
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Signature: |
/s/ J. Xxxxxxx Xxxxxx |
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J. Xxxxxxx Xxxxxx | |
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President & Chief Executive Officer | |
Xxxxx Therapeutics Inc. | 0000 Xxxxxxxx Xx., Xxxxx 000 x Xxxxxx, XX 00000 | 1.512.901.0900 | xxx.xxxxxxx.xxx
