February 11, 2005
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February 11, 2005
Xxxx
Xxxxxxx
President
Osmotics Pharma, Inc.
0000 Xxxxx Xxxxxx, Xxxxx 000
Xxxxxx, XX 00000
RE: License agreement effective May 1, 2004 between Xxxxxxx Young University and Osmotics Corporation and Osmotics Pharma, Inc.
Dear Xx. Xxxxxxx:
In accordance with the terms of Section 18, "Licensee Assignment", of the above referenced license agreement, you have requested permission to transfer all of Osmotics Corporation's rights in said agreement to Osmotics Pharma, Inc.
Xxxxxxx Young University hereby grants its consent to the assignment of all of Osmotics Corporation's rights, title and interest in said license agreement to Osmotics Pharma Inc.
Please provide the BYU Technology Transfer Office with a copy of the assignment for our files.
We are very pleased with the progress that you are making, and we are looking forward to a very successful and mutually beneficial enterprise.
| Sincerely, | ||
/s/ XXXX X. XXXXXX Xxxx X. Xxxxxx, Ph.D. Associate Academic Vice President |
