Letter Agreement Amending Registration Rights Agreement Between Introgen Therapeutics, Inc. and Aventis Pharmaceuticals Inc.
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Summary
This letter agreement, dated February 24, 2006, is between Introgen Therapeutics, Inc. and Aventis Pharmaceuticals Inc. It modifies certain obligations under their existing Registration Rights Agreement regarding the registration of 4,322,369 shares of Introgen's common stock held by Aventis. Introgen agrees to keep the registration statement effective for at least 90 days, and potentially up to one year or until Aventis no longer owns the shares. Aventis must notify Introgen quarterly about shares sold and when it no longer owns any shares. All other terms of the original agreement remain unchanged.
EX-10.55 2 d33432exv10w55.htm LETTER AGREEMENT exv10w55
EXHIBIT 10.55
February 24, 2006
Aventis Pharmaceuticals Inc.
300 Somerset Corporate Blvd.
Bridgewater, New Jersey 08807
300 Somerset Corporate Blvd.
Bridgewater, New Jersey 08807
Re: | Registration Rights Agreement dated as of June 20, 2001, by and among Introgen Therapeutics, Inc. (Introgen), Aventis Pharmaceuticals Inc. (Aventis) and Rhône-Poulenc Rorer International (Holdings), Inc. (the Registration Rights Agreement) |
Gentlemen:
This letter sets forth our agreement with respect to Introgens obligations under Section 4.1(a) of the Registration Rights Agreement in connection with the registration of 4,322,369 shares (the Shares) of Common Stock of Introgen held by Aventis pursuant to a Registration Statement on Form S-3 (Registration No. 333-129687) (the Registration Statement) as requested by Aventis under the Registration Rights Agreement. Defined terms used herein but not otherwise defined shall have the meaning given such terms in the Registration Rights Agreement. In connection with the registration of the Shares, Introgen is required to keep the Registration Statement effective for a period of ninety (90) days or any lesser period of time in the event the distribution described in the Registration Statement has been fully completed. After such ninety (90) day period has expired and in the event Aventis still owns any of the Shares, Introgen shall use its commercially reasonable efforts to keep the Registration Statement effective until the earlier of (i) the first anniversary of the date that the Registration Statement becomes effective and (ii) the date that Aventis no longer owns any of the Shares. In consideration of the foregoing, during the time that the Registration Statement is effective, Aventis agrees that it shall notify Introgen in writing (i) within 10 business days of the end of each calendar quarter, the number of Shares sold by Aventis during such calendar quarter and (ii) within 10 business days of the date that it no longer owns any of the Shares. Except as amended by this letter agreement, all provisions of the Registration Rights Agreement shall remain in full force and effect. This letter agreement shall be governed in all respects by and in accordance with the laws of the State of Delaware, without regard to the principles of conflicts of law thereof. This letter agreement may be executed in two or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.
Please acknowledge your agreement with the foregoing by executing this letter agreement below.
Sincerely, INTROGEN THERAPEUTICS, INC. | ||||
By: | /s/ David G. Nance | |||
David G. Nance, Chief Executive Officer | ||||
Agreed and acknowledged:
AVENTIS PHARMACEUTICALS INC.
By: | /s/ Joseph F. Haggerty | By: | /s/ Gregory Irace | |||
Name: | Joseph F. Haggerty | Name: | Gregory Irace | |||
Title: | Vice President and General Counsel | Title: | Chief Financial Officer | |||