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SECOND AMENDMENT TO LICENSE AGREEMENT

License Agreement

SECOND AMENDMENT TO LICENSE AGREEMENT | Document Parties: ANGIOTECH PHARMACEUTICALS INC You are currently viewing:
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ANGIOTECH PHARMACEUTICALS INC

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Title: SECOND AMENDMENT TO LICENSE AGREEMENT
Date: 3/16/2009
Industry: Biotechnology and Drugs     Sector: Healthcare

SECOND AMENDMENT TO LICENSE AGREEMENT, Parties: angiotech pharmaceuticals inc
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Exhibit 10.13

 

THE SYMBOL ‘***’ IS USED THROUGHOUT THIS EXHIBIT TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED AS CONFIDENTIAL.

 

 

United States Public Health Service

Second Amendment L-103-96/2

 

This second amendment (“ Second Amendment ”) to the License Agreement L-103-96/0 entered into on November 19, 1997, as amended by Amendment L-103-96/1 entered into on March 28, 2002 (collectively, the “ Original Agreement ”) by the Public Health Service (hereinafter “ PHS ”) through the Office of Technology Transfer, National Institutes of Health, 6011 Executive Boulevard, Suite 325, Rockville, Maryland 20852-3804 and Angiotech Pharmaceuticals, Inc. (hereinafter “ Licensee ”), a Canadian corporation having its principal office at 1618 Station Street, Vancouver, B.C. CANADA, V6A 1B6, is effective as of the last signature date below.

 

WHEREAS,

 

A.

PHS and Licensee wish to allow Licensee additional time to submit royalty reports and royalty payments under the Original Agreement .

 

B.

PHS and Licensee wish to modify the method of measuring the value of access to the valid and enforceable Licensed Patent Rights with respect to certain Licensed Products .

 

C.

PHS and Licensee have determined the desirability of amending the Original Agreement to facilitate the development of Licensed Products under the Licensed Patent Rights .

 

NOW THEREFORE, in consideration of the mutual covenants set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Licensee and PHS agree as follows:

 

1.

Section 9.04 .   Licensee and PHS hereby agree to amend Section 9.04 of the Original Agreement by deleting in its entirety the first sentence of such section and replacing it with the following:

 

Licensee shall submit to PHS within seventy-five (75) days after each calendar half-year ending June 30 and December 31 a royalty report setting forth for the preceding half-year period the amount of the Licensed Products sold or Licensed Processes practiced by or on behalf of Licensee in each country within the Licensed Territory , the Net Sales , and the amount of royalty accordingly due.”

 

2.

Section 2.07 (Licensed Processes) .   Licensee and PHS hereby agree to amend Section 2.07 of the Original Agreement by deleting in its entirety the text of such section and replacing it with the following:

 

Amendment L-103-96/2

PHS and Angiotech Pharmaceuticals, Inc.

Page 1 of 5, File: L13962

 

 

 



 

 

 

“Licensed Process(es)” means processes which, in the course of being practiced in:

 

(a)

the [***] or [***] would, in the absence of this Agreement, infringe one or more claims of the Licensed Patent Rights in [***] that have not been held invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction, where such activity is [***]; or

 

(b)

[***] would, in the absence of this Agreement, infringe one or more claims of the Licensed Patent Rights in [***] that have not been held invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.”

 

3.

Section 2.08 (Licensed Products) .   Licensee and PHS hereby agree to amend Section 2.08 of the Original Agreement by deleting in its entirety the text of such section and replacing it with the following:

 

“Licensed Product(s)” means tangible materials the manufacture, use, or sale of which in:

 

(a)

the [***] or [***] would, in the absence of this Agreement, infringe one or more claims of the Licensed Patent Rights in [***] that have not been held invalid or unenforceable by an unappealed or unappealable jud


 
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