AMENDMENT
TO THE
LICENSE AGREEMENT
BY AND BETWEEN
HYBRIDON, INC.
AND
XXXX X. XXX-XXXXX, M.D., PH.D.
This Amendment, effective the 4th day of February, 2005, ("Effective Date") is
an Amendment to the License Agreement dated the 30th day of October, 1995, (the
"Agreement"), between Hybridon, Inc., a Delaware corporation, having its
principle place of business at 000 Xxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
(hereinafter "HYBRIDON") and Xxxx X. Xxx-Xxxxx, M.D., Ph.D. (hereinafter
"XXX-XXXXX").
WHEREAS Hybridon and Xxx-Xxxxx desire to reaffirm the terms and
obligations of the Agreement and to amend the Agreement as defined under this
Amendment hereto;
NOW, THEREFORE, in consideration of the mutual agreement hereinafter set
forth, Hybridon and Xxx-Xxxxx hereby agree to amend the Agreement as follows:
In SECTION 8.1 (a) insert the following text immediately before `; and' at
the end of this Section:
"and thereafter by an additional two periods of one (1) year each by paying
XXX-XXXXX US$150,000 for each such extension Period, and thereafter by an
additional four periods of one (1) year each by paying XXX-XXXXX US$175,000 for
each such extension Period, and thereafter by an additional four periods of one
(1) year each by paying XXX-XXXXX US$200,000 for each such extension Period, all
such payments to be paid in two equal installments due on June 30th and December
31st of each year"
In ARTICLE XII. NOTICES - change the respective notice addresses to:
For XXX-XXXXX: FOR HYBRIDON:
Xxxx X. Xxx-Xxxxx, M.D., Ph.D. Hybridon, Inc.
000 Xxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxxxxxxx 00000
ATTN.: Xxxxxx X. Xxxxxxxx, CFO
and VP Operations
IN ALL OTHER RESPECTS, THE AGREEMENT REMAINS IN FULL FORCE AND EFFECT.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year set forth above.
HYBRIDON, INC. XXXX X. XXX-XXXXX, M.D., PH.D.
By: /s/ Xxxxxx X. Xxxxxxxx By: /s/ Xxxx X. Xxx-Xxxxx
---------------------------------- ----------------------------------
Name: Xxxxxx X. Xxxxxxxx Name: Xxxx X. Xxx-Xxxxx, M.D., Ph.D.
Title: Chief Financial Officer and
VP Operations
Date: 4 Feb. 2005 Date: 4 Feb. 2005
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