First Amendment to License Agreement between Rodan & Fields, LLC and Helix BioMedix, Inc.
This amendment updates the original License Agreement between Rodan & Fields, LLC and Helix BioMedix, Inc. It changes the definition of "Products" to exclude Rodan & Fields' ANTI-AGE Eye Cloths, meaning no royalties are owed to Helix BioMedix for sales of that product. All other terms of the original agreement remain unchanged and in effect. The amendment is signed by authorized representatives of both companies in February 2009.
Exhibit 10.18(a)
FIRST AMENDMENT TO
LICENSE AGREEMENT
This First Amendment to License Agreement (the First Amendment) is made and entered into by and between Rodan & Fields, LLC (Licensee) and Helix BioMedix, Inc. (Licensor) and amends that certain License Agreement dated as of August 27, 2008 (the Agreement). Capitalized terms included in this First Amendment and not otherwise defined herein have the meanings given to them in the Agreement.
1. | Amendment. |
The definition in Section 1.6 of the Agreement is hereby deleted and replaced in its entirety by the following:
1.6 Products means final, marketable cosmetic or over-the-counter personal skin care formulations developed by Licensee hereunder; provided, however, that Products shall not include Licensees ANTI-AGE Eye Cloths product, and no royalty shall be payable to Licensor hereunder for Licensees sales of such product during the term of the Agreement.
2. | Force and Effect. |
The remainder of the Agreement is not amended hereby and shall remain in full force and effect. The parties hereby ratify and confirm the terms and conditions of the Agreement, as amended by this First Amendment.
IN WITNESS WHEREOF, the parties have caused this First Amendment to be executed by their duly authorized representatives as of the date first set forth above.
LICENSEE: | LICENSOR: | |||||||
RODAN & FIELDS, LLC | HELIX BIOMEDIX, INC. | |||||||
By: | /s/ Lori Bush | By: | /s/ Robin L. Carmichael | |||||
Name: | Lori Bush | Name: | Robin L. Carmichael | |||||
Title: | President and General Manager | Title: | Vice President, Marketing and Business Development | |||||
Date: | February 23, 2009 | Date: | February 25, 2009 |