EXHIBIT 10.14
AMENDMENT TO AGREEMENT
Ferro: Xxxxxx X. Xxxxx, Ph.D., 5868 Suncreek, Lake Oswego,Oregon 97034
Epitope: Epitope, Inc., 0000 X.X. Xxxxxxxxx Xxxxx, Xxxxxxxxx, Xxxxxx
00000
Agritope: Agritope, Inc., 0000 X.X. Xxxxxxxxx Xxxxx, Xxxxxxxxx, Xxxxxx
00000
SAMase
Technology: SAMase ethylene control technology described and claimed in
United States patent 5,416,250, issued May 16, 1995, for an
invention titled "Genetic Control of Ethylene Biosynthesis in
Plants using S-Adenosylmethionine Hydrolase," invented by
Xxxxxx X. Xxxxx, Xxxxxxx X. Xxxxxxxx, and Xxxx X. Xxxxx.
Date: November 11, 1996
BACKGROUND
Ferro is a co-inventor of the SAMase Technology, which was transferred to
Agritope in 1987 upon the merger of Agricultural Genetic System, Inc., into
Agritope. On December 9, 1987, Ferro and Epitope entered into an Agreement
(the "1987 Agreement") providing for payment of a royalty on the SAMase
Technology to Ferro in connection with the acquisition of the SAMase
Technology by Agritope. The parties wish to amend the 1987 Agreement to
provide for a one-time payment.
AGREEMENT
Payment. Upon execution of this agreement, Epitope shall pay Ferro
$590,000 as the final payment for the acquisition of the SAMase Technology.
Amendment and Release. Ferro accepts the foregoing payment in full
satisfaction of Epitope's remaining obligations with respect to acquisition of
the SAMase Technology under the 1987 Agreement, and agrees that the 1987
Agreement is superseded by this agreement. Ferro hereby releases Epitope from
any further obligations under the 1987 Agreement. Ferro warrants that he has
not assigned any interest in the 1987 Agreement to any other party.
Miscellaneous. This agreement is the entire agreement with respect to
its subject matter, is governed by Oregon law, and shall be binding upon and
inure to the benefit of the parties and their permitted successors and
assigns.
EPITOPE, INC.
By
Xxxxxx X. Xxxxx, Ph.X. Xxxxxxx X. Xxxxxx
Executive Vice President
and Chief Financial Officer
AGRITOPE, INC.
By
Xxxxxxx X. Xxxxxx
Executive Vice President
and Chief Financial Officer
