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FOURTH AMENDMENT TO COLLABORATIVE RESEARCH, DEVELOPMENT, COMMERCIALIZATION AND LICENSE AGREEMENT

Real Estate License Agreement

FOURTH AMENDMENT

TO

COLLABORATIVE RESEARCH, DEVELOPMENT, COMMERCIALIZATION AND LICENSE AGREEMENT | Document Parties: Ajinomoto Co, Inc | Senomyx, Inc You are currently viewing:
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Ajinomoto Co, Inc | Senomyx, Inc

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Title: FOURTH AMENDMENT TO COLLABORATIVE RESEARCH, DEVELOPMENT, COMMERCIALIZATION AND LICENSE AGREEMENT
Date: 5/7/2009
Industry: Biotechnology and Drugs     Sector: Healthcare

FOURTH AMENDMENT

TO

COLLABORATIVE RESEARCH, DEVELOPMENT, COMMERCIALIZATION AND LICENSE AGREEMENT, Parties: ajinomoto co  inc , senomyx  inc
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Exhibit 10.1

 

***Text Omitted and Filed Separately with the Securities and

Exchange Commission.  Confidential Treatment Requested

Under 17. C.F.R. Sections 200.80(b)(4) and 240.24b-2.

 

Execution Copy

 

FOURTH AMENDMENT

TO

COLLABORATIVE RESEARCH, DEVELOPMENT, COMMERCIALIZATION AND LICENSE AGREEMENT

 

This Fourth Amendment is entered into as of March 22, 2009 (“Fourth Amendment Effective Date”), by and between Senomyx, Inc. (“Senomyx”) and Ajinomoto Co., Inc. (“Ajinomoto”).  Capitalized terms used herein without definition shall have the meaning provided therefor in the First Collaboration Agreement (as defined below).

 

BACKGROUND

 

WHEREAS, Senomyx and Ajinomoto have previously entered into that certain Collaborative Research, Development, Commercialization and License Agreement, effective March 23, 2006, that certain First Amendment thereto, dated October 6, 2006, that certain Second Amendment thereto, dated April 24, 2007, and that certain Third Amendment thereto, dated August 1, 2007 (collectively, the “First Collaboration Agreement”), for […***…] Program I and […***…] Program II;

 

WHEREAS, the parties desire to extend the Collaborative Period with respect to Senomyx […***…] Compounds; and

 

WHEREAS, the parties have agreed to amend the First Collaboration Agreement on the terms set forth herein and enter into this Fourth Amendment for the purpose of documenting such amendment as required by Section 17.7 of the First Collaboration Agreement;

 

NOW, THEREFORE, in consideration of the foregoing premises, the parties hereby agree to amend the First Collaboration Agreement as follows.

 

AGREEMENT

 

1.              Appendix A to the First Collaboration Agreement is hereby amended by either adding or amending, as provided below, the following definitions:

 

Collaborative Period ” means (i) in the case of […***…] Program I the period beginning on the Effective Date and ending three (3) years thereafter; and (ii) in the case of […***…] Program II the period beginning on the Effective Date and ending four (4) years thereafter, unless extended by Ajinomoto as provided above.

 

2.              […***…] for […***…] Program II within […***…] of the Fourth Amendment Effective Date.  After […***…], the Steering Committee will decide whether it approves the same.

***Confidential Treatment Requested

 



 

3.              Section 3.3(C) of the First Collaboration Agreement is hereby amended and restated in its entirety as follows:

 

“(C)          Extension of the Collaborative Period .  The original three (3) year Collaborative Period for […***…] Program II is extended for one (1) year, and thereafter, Ajinomoto shall have three (3) consecutive options (“Extension Options”) to extend the Collaborative Period for […***…] Program II each for consecutive one (1) year periods following the fourth year of the Collaborative Period.  If Ajinomoto chooses to extend the Collaborative Period for […***…] Program II, Ajinomoto must notify Senomyx at least […***…] prior to expiration of the Collaborative Period.  In such event, the Collaborative Period of […***…] Program II shall be extended for one (1) year; provided, however, that in no event shall the Research Fee in the Collaborative Period so extended […***…]”

 

4.              The fourth sentence of Section 7.3 of the First Collaboration Agreement is hereby replaced with the following two sentences:

 

“The Research Fees for the third year of the Collaborative Program shall be […***…].  The Research Fees for the fourth year of the Collaborative Program shall be […***…], and thereafter, the same will be decided through good faith negotiations between Senomyx and Ajinomoto.”

 

5.              By this Fourth Amendment, […***…] hereby agrees to reimburse […***…] for all actual and reasonable out-of-pocket costs incurred by […***…] for […***…] from […***…] Program II in an amount not to exceed […***…], subject to […***…] receipt from […***…] of reasonably persuasive written evidence of such costs.  […***…].  […***…] will share […***…] with […***…], which will be considered Confidential Information of […***…] under the First Collaboration Agreement.

 

6.              Except as specifically amended by this Fourth Amendment, the terms and conditions of the First Collaboration Agreement shall remain unchan


 
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