Side Letter Agreement between Maxygen, Inc. and Codexis, Inc. regarding License Agreement Compliance (February 18, 2005)

Summary

This agreement is between Maxygen, Inc. and Codexis, Inc. It confirms that Codexis has met certain requirements under a previous License Agreement related to specific product development. As a result, Maxygen agrees that certain monomers can now be considered Supplemental Products for use in making polymers, with some exclusions. The agreement is effective as of February 18, 2005, and is confirmed by both parties' signatures.

EX-10.2E 17 dex102e.htm SIDE LETTER - DATED FEBRUARY 18, 2005. Side Letter - dated February 18, 2005.

[*] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

EXHIBIT 10.2E

 

   Maxygen, Inc.

200 Penobscot Drive

Redwood City, CA 94063

650 ###-###-#### main

650 ###-###-#### fax

www.maxygen.com

February 18, 2005

Dr. John Grate

Codexis, Inc.

200 Penobscot Drive

Redwood City, CA 94063

Dear John:

I acknowledge your letter dated February 17, 2005, retracting the letter dated January 6, 2005 from Tassos Gianakakos.

This will confirm our agreement reached in our meeting of February 18, 2005 that, based on Codexis’ representations in its letter dated February 8, 2005 regarding the expenditures made by Codexis, Inc. and Cargill, Inc. with respect to 3-HP, Codexis has satisfied the requirements of Section 2.1.6(a) of the License Agreement entered March 28, 2002, between Codexis and Maxygen, as amended, for Subfield I, Category (b) set forth on Exhibit G to the License Agreement.

Accordingly, Maxygen agrees that, as of the date of this letter, [*] monomers that are amino carboxylic acids, hydroxy carboxylic acids, olefinic carboxylates and/or hydroxy acids, shall be Supplemental Products (as defined in the Agreement) that may be used to make polymers (excluding polymers for use for [*] and/or [*]).

Please indicate Codexis’ agreement to the foregoing by countersigning below.

Yours sincerely,

/s/ Michael S. Rabson

Michael S. Rabson

 

UNDERSTOOD AND AGREED

BY CODEXIS, INC.

By:    /s/ John H. Grate
Name:    John H. Grate
Title:    VP, R&D and CTO
Date:    3-4-05