FIRST AMENDMENT TO RESEARCH SERVICES, LICENSE AND COLLABORATION AGREEMENT
Exhibit 10.1
FIRST AMENDMENT
TO
RESEARCH SERVICES, LICENSE AND COLLABORATION AGREEMENT
This First Amendment to Research Services, License and Collaboration Agreement (this “First Amendment”) is entered into as of October 29, 2021 (the “First Amendment Effective Date”) by and between Repare Therapeutics, Inc., a corporation organized and existing under the laws of Canada and having its principal place of business at 0000 Xxxxxxxxx-Xxxxxxx, Xx-Xxxxxxx, Xxxxxx, X0X 0X0, Xxxxxx (“Repare”) and Ono Pharmaceutical Co., Ltd., a corporation organized and existing under the laws of Japan and having an address of 0-0, Xxxxxxxxxxxx 0-xxxxx, Xxxx-xx, Xxxxx 000-0000, Xxxxx (“Ono”). Repare and Ono may each be referred to herein as a “Party” or collectively as the “Parties.”
WHEREAS, Repare and Ono entered into that certain Research Services, License and Collaboration Agreement, dated as of January 31, 2019 (the “Agreement”); and
WHEREAS, the Parties wish to amend the Agreement to extend and clarify the Research Term based on the amendment of the Research Plan which was reviewed and discussed at the JRC meeting held on October 13 (EST) /14 (JST), 2021 and was mutually agreed by the Parties with the letter dated October 29, 2021, in accordance with Section 2.4.3 of the Agreement;
NOW, THEREFORE, the Parties, intending to be legally bound, hereby agree as follows:
1.142 “Research Term” means the period commencing on the Effective Date and ending upon the earlier of (a) the fourth (4th) anniversary of the Effective Date or (b) the date of submission of the first IND in the United States or in Japan. Any extension of the Research Term will require the mutual written agreement of both Parties.
15.1 Term. The Agreement shall be effective as of the Effective Date and, unless terminated earlier pursuant to Section 15.2 (Termination Rights), this Agreement shall continue in effect until (a) if Ono timely provides Repare with a DC Selection Notice pursuant to Section 3.4, the expiration of the last to expire of the Royalty Terms or (b) if Ono does not timely provide Repare with a DC Selection Notice pursuant to Section 3.4, the end of the Drug Candidate Selection Period. If Ono timely provides Repare with a DC Selection Notice pursuant to Section 3.4, then, for the avoidance of doubt, Ono and Repare will have the licenses set forth in Sections 10.1.2 and 10.2.2 and will become subject to the diligence obligations set forth in Sections 4.2.2 and 4.2.3.
[THE REMAINDER OF THIS PAGE HAS BEEN LEFT INTENTIONALLY BLANK]
IN WITNESS WHEREOF, and intending to be legally bound hereby, the Parties have caused this First Amendment to Research Services, License and Collaboration Agreement to be executed by their respective duly authorized officers as of the First Amendment Effective Date.
REPARE THERAPEUTICS, INC.
By: /s/ Xxxxx X. Xxxxx
Name: Xxxxx X. Xxxxx
Title: President & CEO
ONO PHARMACEUTICAL CO., LTD.
By: /s/ Xxxxx Xxxxxxx
Name: Xxxxx Xxxxxxx
Title: Senior Director, Research Center of Oncology