This letter sets forth the terms of an exclusive option to license granted by Genaera Corporation (“Genaera”) to MacroChem Corporation (“MacroChem”). Capitalized terms used but not defined in this letter shall have the meanings given to them in the...License Agreement • July 10th, 2007 • Genaera Corp • Biological products, (no disgnostic substances) • Delaware
THIS LICENSE AGREEMENT is made this [ ] day of [ ], 2007 (“Effective Date”) by and between MacroChem Corporation, a corporation organized and existing under the laws of Delaware having a principle place of business at 40 Washington Street, Suite 220, Wellesley Hills, Massachusetts 02481 (“MACROCHEM”), and Genaera Corporation a corporation organized and existing under the laws of Delaware having a principle place of business at 5110 Campus Drive, Plymouth Meeting, Pennsylvania 19462 (“GENAERA”). Capitalized terms used but not defined in this Preamble to this Agreement shall have the meanings defined in Section 1.
