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Exhibit 10.50
AMENDMENT NO. 1
TO
TRANSITION SERVICES AGREEMENT
THIS
AMENDMENT NO. 1 (this “Amendment”), dated May 11
, 2007 (the “Effective Date”), amends the Transition
Services Agreement between BIO-RAD LABORATORIES, INC .
(“BIO-RAD”) and CIPHERGEN BIOSYSTEMS, INC .
(“CIPHERGEN”) dated November 13, 2006 (the
“Agreement”). The parties hereby agree as
follows:
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1. |
The terms of Transition Service Schedules B and C are extended
through May 31, 2007, in order to allow the parties adequate
time to negotiate revised Transition Service Schedules B and C to
be effective through December 31, 2007. |
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2. |
Each party acknowledges that, from time to time, it may desire
to utilize the services of employees of the other party who are not
listed in the relevant Transition Service Schedule. In order to
facilitate each party’s access to such services, the parties
agree that the Transition Service Schedules may be amended from
time to time upon request by either party and with the consent of
the other party. |
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3. |
The parties shall use Attachments 1 and 2 hereto as the basis
for negotiating revised Transition Service Schedules B and C. |
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4. |
Except as expressly modified by this Amendment, all of the
terms and conditions of the Agreement shall remain in full force
and effect. |
IN WITNESS WHEREOF, the parties
hereto have caused this Amendment
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