Amendment to Services and License Agreement
Exhibit 10.1
Amendment to Services and License Agreement
This Amendment (“Amendment”) is entered into as of November 18, 20 14 (“Effective Date”), between Invention Development Management Company, LLC (“IDMC”) and Visualant, Inc. (“Visualant”). The parties hereby agree as follows:
1. Background
1.1 IDMC and Visualant are parties to that certain Services and License Agreement (Agreement No.
L-30240), dated November 11, 2013 (the “Agreement’).
1.2 IDMC and Visualant desire to amend the Agreement as set forth in this Amendment, as of Effective Date.
2. Terms Used in This Amendment
Unless defined in this Amendment, capitalized terms used in this Amendment have the same meanings as in the Agreement.
3. Amendments to Agreement
Section 3.1 of the Agreement is hereby amended and restated as follows:
“1.26. “Licensed IP” means the Patent Applications, IDMC Technology, and Patents which cover the Inventions listed in Exhibit C.”
The Agreement is hereby amended and restated to include Exhibit C which is attached in the following page of this Amendment.
4. No Other Changes
This Amendment amends the Agreement and all prior amendments with respect to the subject matter of this Amendment, and supersedes all prior and contemporaneous negotiations and other writings with respect to such matters. In the event that a conflict arises between this Amendment and the Agreement or a prior amendment, this Amendment controls. Except for the changes made herein, the terms and conditions of the Agreement and its Exhibits shall remain unchanged and in full force and effect.
Invention Development Management Company, LLC | Visualant, Inc. |
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Signature: /s/ Xxxxx Xxxxxxxx | Signature: /s/ Xxxxxx X. Xxxxxxxx |
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Name: Xxxxx Xxxxxxxx | Name: Xxxxxx X. Xxxxxxxx |
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Title: Executive Vice President | Title (If Applicable): CEO |
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Address: 0000 Xxxxxx Xxxxxx | Address: 000 Xxxxx Xxxxxx, Xxxxx 000 |
Xxxxxxxxxx, Xxxxxxxx 00000 | Xxxxxxx, XX 00000 |
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Email Address: Xxxxxx-XX@xxxxxx.xxx | Email Address: xxx@xxxxxxxxx.xxx |
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EXHIBIT C
List of Inventions
Reference No. | Solution Report Title | Date of License | |||||
US-882663 | Microscope With ChromalD | 11/18/2014 | |||||
US-893653 | Three-Dimensional Imaging for Analysis of Nonplanar Surfaces Using the ChromalD Spectrophotometric Scanner | 11/ 18/2014 | |||||
IL-891618 | Reducing the cost and size of the Visualant sensor by integrated packaging | 11/ 18/2014 | |||||
IL-891619 | Concurrent analysis of multiple illumination sources in Visualant system | 11/18/2014 | |||||
US-895746 | The Chroma ID Technology for the Quality Control of Dairy Products | 11/18/2014 | |||||
US-893669 | Optical Fingerprint in Gemstones | 11/18/2014 | |||||
US-895791 | Quality Control of Chromatic Profiles | Fruits, | Juices, | and | Wine | Using | 11/18/2014 |
US-897203 | Meat Quality Assessment Using ChromalD | 11/18/2014 | |||||
CN-893659 | A Novel Medical Application for Visualant’s Chroma ID technology | 11/18/2014 | |||||
IL-891621 | Measuring refractive index over a wide frequency range | 11/18/2014 | |||||
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