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EXHIBIT 10
IMMUCELL
CORPORATION
EXHIBIT 10
(REDACTED)
SECOND
AMENDMENT
TO
LICENSE
AGREEMENT
This Second Amendment
(“Amendment”) is dated as of September 25, 2006,
by and between IMMUCELL CORPORATION , a corporation
organized under the laws of the State of Delaware and having its
principal place of business at 56 Evergreen Drive, Portland, Maine
04103 (“IMMUCELL”), and PFIZER INC. , a
corporation organized under the laws of the State of Delaware and
having its principal place of business at 235 East 42nd Street, New
York, New York, 10017 (“PFIZER”), with regard to that
certain License Agreement dated as of December 21, 2004,
supplemented thereafter on May 20, 2005 and with the First
Amendment dated May 10 th 2006 (as amended, the
“License Agreement”). Capitalized terms not otherwise
defined herein shall have the meanings set forth in the License
Agreement.
WHEREAS , the parties
wish to amend the License Agreement in order to modify the dates of
payment of certain milestones to reflect changes in the Patent
status, all on the terms and conditions stated herein.
NOW, THEREFORE , for
good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, and in consideration of the mutual
covenants and agreements provided herein, and intending to become
le
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