AMENDMENT NO. 2 TO LICENSE AGREEMENT
EXHIBIT 10.11
AMENDMENT NO. 2 TO
Amendment No. 2 to License (this “Amendment”) made as of March 8, 2007, by and between Acuity
Pharmaceuticals, Inc., a Delaware corporation, with its principal offices at 0000 Xxxxxx Xxxxxx,
Xxxxxxxxxxxx, XX, 00000 (“Acuity”) and Pathogenics, Inc., a Delaware Corporation with its principal
offices at 00 Xxxxx Xxxxxx, Xxxxx 000, Xxxxxxx, XX 00000 (“Pathogenics”).
BACKGROUND
WHEREAS, Acuity and Pathogenics entered into a License Agreement (the “License Agreement”) on
April 13, 2006 which was amended on August 2, 2006;
WHEREAS, Pathogenics and Acuity have agreed to enter into this Amendment to amend and restate
section 4.7(a) to provide that Acuity will provide notice to Pathogenics of the achievement of a
milestone within two (2) business days of the achievement of such milestone.
NOW, THEREFORE, in consideration of the mutual promises, covenants, agreements,
representations and warranties hereinafter set forth, and intending to be legally bound, the
Parties hereby agree as follows:
1. Section 4.7(a) of the License Agreement shall be replaced with the following new Section
4.7(a):
“(a) Acuity shall provide written notice to Pathogenics the satisfaction of such milestone
trigger within two (2) business days of the achievement of each applicable milestone.”
(Signature Page Follows)
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly
authorized representatives as of the day and year first indicated above.
ACUITY PHARMACEUTICALS, INC. | ||||||
By: | /s/ Xxxx X. Xxxxx
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Name: Xxxx X. Xxxxx | ||||||
Title: President and Chief Executive Officer | ||||||
PATHOGENICS, INC. | ||||||
By: | /s/ Xxxxxxxx X. Xxxxx
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Name: Xxxxxxxx X. Xxxxx | ||||||
Title: President and Chief Executive Officer |