Territorial Expansion Letter Agreement between Alfred E. Mann Foundation for Scientific Research and Axonics Modulation Technologies, Inc.
This letter agreement, dated October 1, 2013, is between the Alfred E. Mann Foundation for Scientific Research and Axonics Modulation Technologies, Inc. It confirms that Axonics has the option to expand the licensed territory under their existing License Agreement to worldwide coverage. Alternatively, Axonics may direct the Foundation to enter into a similar license for areas outside the United States with an entity controlled by Axonics' founders, on the same economic and other terms as the original agreement, except for the territory covered.
Exhibit 10.4
ALFRED E. MANN FOUNDATION FOR SCIENTIFIC RESEARCH
25 134 Rye Canyon Loop
Santa Clarita, CA 91355
October 1, 2013
Axonics Modulation Technologies, Inc.
16411 Scientific Way
Suite 200
Irvine, CA 92618
Dear Sirs:
Reference is made to that certain License Agreement of even date herewith between Axonics Modulation Technologies, Inc. and the undersigned. This will confirm that at your option the undersigned will expand the territories included under the license to be worldwide or, if you so direct, the undersigned will enter into a comparable license agreement covering areas outside the United States with an entity controlled by the founders of Axonics Modulation Technologies, Inc. In the latter case, such license would be based on economic and other terms, other than the territory covered, as is set forth in the License Agreement.
Very truly yours,
Alfred E. Mann Foundation for Scientific Research
| By: | /s/ John G. Petrovich | |
| Name: John G. Petrovich | ||
| Title: General Counsel | ||
