Amendment No. 07 to Research Agreement Between HyperSolar, Inc. and The Regents of the University of California

Contract Categories: Business Finance › Modification Agreements
Summary

This amendment extends the term of a research agreement between HyperSolar, Inc. and The Regents of the University of California by one year, changing the end date from June 30, 2016 to June 30, 2017. No additional costs are incurred by HyperSolar, Inc. as a result of this extension. All other terms of the original agreement remain unchanged and in effect.

Read More Arrow
EX-10.6 3 f10k2016ex10vi_hypersolar.htm AMENDMENT DATED APRIL 26, 2016 TO RESEARCH AGREEMENT BETWEEN HYPERSOLAR, INC. AND THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, UNIVERSITY OF CALIFORNIA.

Exhibit 10.6

 

AMENDMENT NO. 07 

 

This Amendment No. 07 of Research Agreement dated February 16, 2012, (the “Agreement”) by and between THE REGENTS OF THE UNIVERSITY OF CALIFORNIA (hereinafter “University”) and HYPERSOLAR, INC., (hereinafter “Sponsor”) is made this 26th day of April, 2016.

 

WHEREAS, the parties wish to extend the period of performance of the Agreement at no additional cost to Sponsor;

 

NOW THEREFORE, the Agreement is hereby amended as follows:

 

1.Capitalized Terms. Capitalized terms not defined herein shall have the same meaning set forth in the Agreement.

 

2.In Article 3, Period of Performance and Term of the Agreement, the sentence in the Agreement:

 

“The Period of Performance and the Term of this Agreement shall be from February 1, 2012 through June 30, 2016.”

 

is hereby deleted in its entirety and replaced with the sentence:

 

“The Period of Performance and the Term of this Agreement shall be from February 1, 2012 through June 30, 2017.”

 

3.Except as expressly modified herein, all other provisions of the Agreement remain in full force and effect and are hereby reaffirmed by the parties.

 

ACCEPTED AND AGREED:    
     
HYPERSOLAR, INC.   THE REGENTS OF THE UNIVERSITY OF CALIFORNIA
     
By: /s/ Tim Young   By: /s/ Kevin S. Stewart
  Tim Young     Kevin S. Stewart
         
Its: Chief Executive Officer   Its: Associate Director, Industry Contracts
         
Date: 4/27/16   Date: 4/27/16