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AMENDMENT TO LICENSE AGREEMENT

License Agreement

AMENDMENT TO LICENSE AGREEMENT | Document Parties: HEALTH DISCOVERY CORP | Clarient, Inc You are currently viewing:
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HEALTH DISCOVERY CORP | Clarient, Inc

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Title: AMENDMENT TO LICENSE AGREEMENT
Date: 2/5/2009
Industry: Biotechnology and Drugs     Sector: Healthcare

AMENDMENT TO LICENSE AGREEMENT, Parties: health discovery corp , clarient  inc
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Exhibit 10.2

 

 

AMENDMENT TO LICENSE AGREEMENT

 

This Amendment (herein, the “ Amendment ”) to that certain License Agreement dated as of July 31, 2007 (the “ Agreement ”), is entered into by and between Health Discovery Corporation, a Georgia corporation (“HDC”) and Clarient, Inc., a Delaware corporation (“Clarient”), effective as of January 13, 2009 (the “ Effective Date ”).  All capitalized terms not otherwise defined in this Amendment shall have the meaning as set forth in the Agreement.

 

WHEREAS, the parties wish to amend the terms of the Agreement as set forth in this Amendment in order to continue their contractual relationship on a modified basis.

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein the parties agree to this Amendment of the Agreement as follows:

 

1.             Article II.A of the Agreement is hereby amended and restated to read in its entirety as follows:

 

A.            Grant of License .

 

1.           As of the Effective Date of this Amendment, HDC hereby grants to CLARIENT a non-exclusive license, with the right to grant sublicenses to Affiliates, and, upon prior approval by HDC, to third parties under the Licensed Technology to import, make, have made, use and sell any Licensed Product in the Field of Use within the Licensed Territory with respect to both the commercial reference laboratory field and the academic and research fields .  For purposes of clarity, the above grant shall include the right for CLARIENT to incorporate the output and results from the Licensed Product into other tests or algorithms.

 

2.            HDC grants to CLARIENT an exclusive


 
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