Amendment to Research and Development Agreement between BioRestorative Therapies, Inc. and Rohto Pharmaceutical Co., Ltd.
BioRestorative Therapies, Inc. and Rohto Pharmaceutical Co., Ltd. have agreed to extend the term of their existing Research and Development Agreement. The agreement, originally set to expire on March 19, 2015, will now continue until June 19, 2015, allowing more time for BioRestorative Therapies to deliver the final report to Rohto. All other terms of the original agreement remain unchanged. This amendment is governed by New York law and may be executed via electronic signatures.
Exhibit 10.58
BioRestorative Therapies, Inc.
40 Marcus Drive, Suite 1
Melville, New York 11747
February 11, 2015
Rohto Pharmaceutical Co., Ltd
1-8-1, Tatsumi-nishi, Ikuno-ku,
Osaka ###-###-####, Japan
Gentlemen:
Reference is made to the Research and Development Agreement, dated as of March 19, 2014 (the “Agreement”), between BioRestorative Therapies, Inc. (“BRT”) and Rohto Pharmaceutical Co., Ltd. (“Rohto”). All capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Agreement.
The Parties acknowledge and agree that the Term of the Agreement currently expires on March 19, 2015 and that additional time is needed for BRT to deliver the Final Report to Rohto.
Accordingly, the Parties hereby agree that Section 4.01 of the Agreement is amended to read as follows:
“4.01 Term. This Agreement shall commence as of the Effective Date and, unless sooner terminated or extended as provided hereunder, shall end on June 19, 2015 (the "Term"). The Term and the scope of this Agreement may be extended and expanded by mutual written agreement.”
Except as amended hereby, the Agreement shall continue in full force and effect in accordance with its terms.
This letter may be executed in counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument.
This letter shall be governed by, and construed in accordance with, the laws of the State of New York, excluding choice of law principles thereof.
Signatures hereon which are transmitted via facsimile or email shall be deemed original signatures.
Very truly yours, | ||
BIORESTORATIVE THERAPIES, INC. | ||
By: | ||
Mark Weinreb, Chief Executive Officer |
Agreed:
ROHTO PHARMACEUTICAL CO., LTD.
By: |