FIRST AMENDMENT TO AMENDED AND RESTATED LICENSE AGREEMENT
Exhibit 10.3
FIRST AMENDMENT TO AMENDED AND RESTATED LICENSE AGREEMENT
This Amendment to the Amended and Restated License Agreement (the “Amendment”) is entered into and effective as of May 25, 2021 by and between BC CANCER, part of the Provincial Health Services Authority amalgamated under the Society Act (British Columbia), having an office at Xxxxx 000, Xxxx 00xx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx, X0X 0X0 (“BC CANCER”) and The University of British Columbia, a corporation continued under the University Act (British Columbia), having its registered office at 000 – 0000 Xxxxxxxx Xxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx, X0X 0X0 (“UBC”) and ESSA Pharma Inc. a corporation incorporated under the laws of the Province of British Columbia located at 000 Xxxx Xxxxxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0 (“ESSA”) (each, a “Party” and collectively, the “Parties”).
WITNESSETH:
WHEREAS, BC CANCER, UBC and ESSA entered into an Amended and Restated License Agreement effective May 27, 2014 (the “Agreement”);
WHEREAS, the Parties wish to amend the Agreement.
Now therefore, in consideration of the foregoing, of the mutual covenants and undertakings set forth below, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:
1. | Certain Defined Terms. Words and phrases which are introduced by initial capitals and which are not otherwise defined in this Amendment shall have the same meaning as in the Agreement. |
2. | Replace Schedule “A” Description of “Technology” in the Agreement with Schedule “A” Description of “Technology” attached to this Amendment. |
3. | Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original of the Party or Parties who executed such counterpart, but all of which together shall constitute one and the same instruments. |
4. | Otherwise Unchanged. Except as amended by this Amendment, the Agreement shall remain unchanged, and the Agreement, as amended hereby, is hereby ratified, approved and confirmed in all respects by the Parties and shall remain in full force and effect. |
5. | Governing Law. This Amendment shall be governed by, and construed and enforced in accordance with, the laws of the Province of British Columbia, Canada, excluding its conflict of laws. |
(signature page follows)
IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed as of the date written above by their duly authorized officers.
| BC CANCER | |
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| By: | /s/ Xxxxx Xxxx Xxx |
| Name: | Xxxxx Xxxx Xxx |
| Title: | Director, Technology Development Office |
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| THE UNIVERSITY OF BRITISH COLUMBIA | |
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| By: | /s/ Xxxxx Xxxxx |
| Name: | Xxxxx Xxxxx |
| Title: | Associate Director UBC UILO |
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| By: | /s/ Xxxxx Xxxxxxxxx |
| Name: | Xxxxx Xxxxxxxxx |
| Title: | Chief Executive Officer |
