AMENDMENT No. 3 to the Intuitive-Luna Development Supply Agreement dated June 11, 2007 (“Original Agreement”) between INTUITIVE SURGICAL, INC. (“Intuitive”) and LUNA INNOVATIONS INCORPORATED (“Luna”)
Exhibit 10.5
***Text Omitted and Filed Separately
Confidential Treatment Requested
Under 17 C.F.R. §§ 200.80(b)(4) and 240.24b-2
AMENDMENT No. 3
to the
Intuitive-Xxxx Development Supply Agreement dated June 11, 2007 (“Original Agreement”)
between
INTUITIVE SURGICAL, INC. (“Intuitive”)
and
XXXX INNOVATIONS INCORPORATED (“Xxxx”)
This Amendment No. 3 is entered into by and between Intuitive and Xxxx on September 2, 2010 (“Amendment Date”).
BACKGROUND
| A. | Intuitive and Xxxx agreed to amend the Original Agreement by Amendment No. X dated May 20, 2008 to replace Exhibit 2.1 of the Original Agreement. |
| B. | As part of settlement of certain litigation between Xxxx and Xxxxxx Medical, Inc., Intuitive and Xxxx agreed to amend the Agreement by Amendment No. 1 dated January 12, 2010. |
| C. | Intuitive and Xxxx agreed to further amend the Agreement by Amendment No. 2 dated April 20, 2010, in regard to development work to be performed in 2010. |
| D. | The Original Agreement as amended by Amendments No. X, 1, and 2 shall be referred to as the “Agreement”. |
| X. | Xxxx [***] upon the [***] in [***]. The parties now wish to amend the Agreement further in respect of the [***] for the [***] and the dollar amount of the [***] requested for [***]. Because the [***] upon the [***], however, the [***] must also be amended for this purpose. By this Amendment No. 3, the dollar amount of [***] requested by Intuitive for [***] is [***] from $[***] to $[***], which the parties acknowledge [***] for Xxxx to [***] to [***] the [***] in [***]. |
Intuitive and Xxxx agree to amend the Agreement as follows:
| 1. | Terms not defined in this Amendment No. 3 shall have the meaning assigned to them in the Agreement. |
| 2. | Milestones and Xxxx Product Specifications (Exhibit 2.1) to the Agreement are hereby deleted in their entirety and replaced by new Milestones and Xxxx Product Specifications (Exhibit 2.1) attached to this Amendment No. 3. |
| 3. | In [***], Intuitive hereby requests that Xxxx perform [***] of [***] pursuant to Exhibit 2.1 attached hereto. Because Intuitive has requested Xxxx to [***] in [***] to [***], [***] may [***], in which case Intuitive would need to request [***] in [***] or in [***]. |
| 4. | Except as specifically provided for herein, all of the terms and conditions of the Agreement shall remain in full force and effect. In the event of a conflict or inconsistency between the terms and conditions contained in this Amendment No. 3 and the Agreement, the provisions herein shall prevail. |
*** Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
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***Text Omitted and Filed Separately
Confidential Treatment Requested
Under 17 C.F.R. §§ 200.80(b)(4) and 240.24b-2
IN WITNESS WHEREOF, the parties have caused this Amendment No. 3 to be executed as of the Amendment Date.
| INTUITIVE SURGICAL, INC. | XXXX INNOVATIONS INCORPORATED | |||||||
| Sign: | /s/ Xxxxx Xxxx |
Sign: | /s/ Xxxx Xxxxxxx | |||||
| Name: | Xxxxx Xxxx |
Name: | Xxxx Xxxxxxx | |||||
| Title: | VP, Product Development |
Title: | Interim President and COO | |||||
| Date: | September 10, 2010 |
Date: | September 2, 2010 | |||||
*** Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
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***Text Omitted and Filed Separately
Confidential Treatment Requested
Under 17 C.F.R. §§ 200.80(b)(4) and 240.24b-2
EXHIBIT 2.1
MILESTONES AND XXXX PRODUCT SPECIFICATIONS
[***]
*** Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
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