LIGHTLAB - LANTIS LASER FIRST AMENDMENT
LIGHTLAB
- XXXXXX LASER
FIRST
AMENDMENT
THIS
FIRST AMENDMENT is made and entered into and is effective as of the date on
which the last party has signed below (“Effective Date”), by and between
LightLab Imaging, Inc., a Delaware corporation having its principal office
at
Xxx Xxxxxxxxxx Xxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxxxxx, XXX, 00000 (“LightLab”), and
Xxxxxx Laser, Inc., a corporation having its principal office at 0000 Xxxx
Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxx, 00000 (“Xxxxxx Laser” or
“Licensee”).
WHEREAS,
on August 8, 2001, LightLab and Licensee made and entered into a Non-Exclusive
License Agreement in the field of general dentistry, excluding oral surgery
and
imaging through a microscope (the “Agreement”);
WHEREAS,
LightLab and Licensee now wish to amend the Agreement to clarify the definition
of the Field and adjust the Term;
NOW,
THEREFORE, in consideration of the promises and mutual covenants contained
herein, and for other good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged, the parties hereby agree as
follows:
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1.
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The
definition of “Field” within SECTION 2 of the Agreement shall now be
amended to read:
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“Field”
shall
mean diagnostic applications within general dentistry, excluding oral surgery
and imaging through a microscope.
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2.
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SECTION
9.1 shall now be amended to read:
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9.1
Term.
This
Agreement, unless otherwise terminated as provided herein, shall remain in
effect for three (3) years following whichever of the following events occurs
first:
(a)
Licensee’s Release of a Licensed Product; (b) Licensee’s First Commercial Sale
of a Licensed Product; or (c) July 1, 2007.
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3.
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The
terms and conditions of the Agreement shall remain in effect, subject
to
the terms and conditions described
herein.
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IN
WITNESS WHEREOF, the parties have caused this FIRST AMENDMENT to be executed
under seal by their duly authorized representatives.
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LIGHTLAB
IMAGING, INC.
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XXXXXX
LASER, INC.
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By
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By
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Name:
Xxxxx Xxxxxx
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Name:
Xxxxxxx Xxxxx
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Title:
Chairman & CEO
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Title:
Chairman, President & CEO
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