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Sample Business ContractsHome: Sample Business Contracts: AMENDMENT NO. 1 to the July 17, 2002 RESEARCH AGREEMENT
This AMENDMENT NO. 1 (the Amendment) to the July 17, 2002 RESEARCH AGREEMENT (the Agreement) is entered into as of April 17, 2003 (the Amendment Effective Date) by and between GENENTECH and ACLARA. Unless otherwise noted, all defined terms set forth in this Amendment shall have the same meaning as set forth in the Agreement.
RECITALS
1. ACLARA and GENENTECH entered into the Agreement on July 17, 2002, under which the Parties conducted Stage I of the Study.
2. The Parties, having completed the research described in Stage I of the Study, desire to conduct additional research as set forth in Exhibit A1, attached hereto and incorporated herein.
NOW, THEREFORE, ACLARA and GENENTECH hereby agree to amend the Agreement as follows:
4. Payments and [ * ].
(a) In consideration of ACLARAs [ * ] performing the Study, GENENTECH shall, subject to the conditions noted below, make the following non-refundable payments to ACLARA by wire transfer:
Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [ * ]. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.
It is understood that, following delivery of [ * ] to GENENTECH, GENENTECH shall determine whether or not it wishes to [ * ] by written notice to ACLARA within thirty (30) days [ * ].
(b) GENENTECH shall [ * ].
Such [ * ] following delivery of Aclara Results regarding the Stage II research to GENENTECH and, upon GENENTECH [ * ] by written notice to ACLARA and election to proceed with Stage III research, GENENTECH shall pay to ACLARA a [ * ] fee of [ * ] ($[ * ]) within 30 days of such notice, and the parties shall diligently negotiate in good faith the terms of the License and Co-Development Agreement until [ * ]. In the event the parties are not able to reach mutually agreeable terms within such [ * ] period, after such exclusivity period ACLARA shall be free to supply ACLARA Materials and/or license ACLARA Technology to any Third Party. The terms of such agreement shall be negotiated in good faith between the parties, shall take into account the relative contributions of each party and shall include terms that are normal and customary in the industry.
[ * ] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
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In addition, the following language shall be added between the first and second sentence in Section 9: Aclara Results regarding [ * ] were presented to Genentech [ * ]. It is anticipated that Aclara Results [ * ] will be provided to Genentech [ * ] of this Amendment and that Aclara Results [ * ].
IN WITNESS WHEREOF, the undersigned represent that they are duly authorized to execute this Amendment.
[ * ] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
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Exhibit 1A
[ * ] Research Plans
Technology Development Goals:
[ * ]
Materials provided by Genentech:
[ * ]
Experimental Goals:
[ * ]
(subject to modification [ * ])
Materials provided by Genentech:
[ * ] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
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