CONSENT TO ASSIGNMENT AGREEMENT
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CONSENT TO ASSIGNMENT AGREEMENT
This Consent to Agreement ("Consent") is entered into by and between ev3, Inc., a Delaware corporation ("ev3"), Microvena Corporation, a Minnesota corporation (Microvena"), and SurModics, Inc., a Minnesota corporation ("SurModics").
- 1.
- As
of the Effective Date defined in Paragraph 6 below, Microvena, through a merger and change of corporate name, has assigned to ev3 the Master License Agreement entered into
between SurModics and Microvena, with an effective date of December 29,1998, and its Attachments A, B1 and B2, as amended from time to time (collectively, the "License Agreement").
- 2.
- As
of the Effective Date defined in Paragraph 6 below, Microvena, through a merger and change of corporate name, has assigned to ev3 the SurModics-Modified Product Agreement
entered into between SurModics and Microvena, with an effective date of February 21, 2001, and its Attachment A and Exhibit 1, as amended from time to time (collectively, the "Modified
Product Agreement").
- 3.
- SurModics
hereby consents to the assignment of all of Microvena's rights and obligations under the License Agreement and the Modified Product Agreement to ev3 and the assumption by ev3
of all of Microvena's rights and obligations under the License Agreement and the Modified Product Agreement as of the Effective Date of this Consent.
- 4.
- ev3
hereby acknowledges that it has assumed Microvena's obligations and liabilities in the License Agreement and the Modified Product Agreement and agrees to be bound by and to perform
in accordance with the terms of the License Agreement and the Modified Product Agreement, commencing on the Effective Date of this Consent.
- 5.
- The
License Agreement and the Modified Product Agreement remain in full force and effect.
- 6.
- This
Consent shall be effective September 6, 2002 ("Effective Date").
- 7.
- This
Consent shall be governed by the laws of the State of Minnesota.
- 8.
- This
Consent may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.
- 9.
- The parties to this Consent agree to acknowledge, accept, and treat facsimile
1
signatures as original signatures.
IN WITNESS WHEREOF, intending to be legally bound, the parties hereto have executed this Consent as of the Effective Date defined above.
Accepted by: Microvena Corporation |
Accepted by: ev3 Inc. |
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/s/ Xxxxxx Xxxxx Signature |
/s/ Xxxxxx Xxxxx Signature |
|
Xxxxxx Xxxxx Printed Name |
Xxxxxx Xxxxx Printed Name |
|
V. P. and General Counsel Title |
V. P. and General Counsel Title |
|
Accepted by: SurModics, Inc. |
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/s/ Xxxxxx X. Xxxxxxx, Xx. Signature |
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Xxxxxx X. Xxxxxxx, Xx. Printed Name |
||
Vice President, Licensing Counsel Title |
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CONSENT TO ASSIGNMENT AGREEMENT