Sixth Amendment to the Mayo License Agreement, dated February 28, 2020, between the Registrant and Mayo Foundation for Medical Education and Research

Contract Categories: Intellectual Property - License Agreements
EX-10.15 29 tm2111005d7_ex10-15.htm EXHIBIT 10.15


Exhibit 10.15




WHEREAS, effective as of December 1, 2014, and as further amended, Miromatrix Medical Inc., a corporation organized under the laws of the State of Delaware and having an office 10399 West 70th Street, Eden Prairie, MN 55344 (“Miromatrix”) and Mayo Foundation for Medical Education and Research, a not for profit corporation with an address at 200 First Street SW, Rochester, MN 55905 (“Mayo”) executed a License Agreement (the “Agreement”) for Services as outlined in the Agreement.


WHEREAS, Miromatrix and Mayo wish to amend said Agreement.


NOW, THEREFORE, Miromatrix and Mayo agree as follows:


1.          The Term of the Agreement shall be extended to February 28, 2021.


2.          Miromatrix has agreed to provide additional funding of $400,000 for


extension described in #1 above. Accordingly, the attached Exhibit B-4 shall amend Section 3 of the Agreement.


Except as specifically provided herein, the terms and conditions of the Agreement shall remain in force.


IN WITNESS WHEREOF, the Parties have executed this Amendment which shall be effective as of the last dated signature below.


By: /s/ Jeff Ross   By: /s/ Randall S. Jones
Name: Jeff Ross   Name: Randall S. Jones
Title: CEO   Title: Operations Manager
Date: 2/27/2020   Date: 2/28/2020








Pl Name: Scott Nyberg, MD, PhD
MCR Funding Proposal Number: FP86573-Al-Al-Al-Al-Al-Al

Sponsor: Miromatrix Medical Inc.
Date: 2/27 /20

Study Title: Amendment #6: Miromatrix/Mayo Transplantable Liver Project (Nyberg)


   Additional funding to extend
project through 2/28/21 **
Personnel: $  $206,744 
Dr. Scott Nyberg, Pl     
Bruce Amiot, Business Analyst     
Lab Supplies & Internal Services: $  $100,949 
Sub-Total $   $307,693 
Indirects (30%) $   $92,307 
BUDGET TOTAL $  $400,000 


Payment Terms: The total budget above will be payable in 4 payments of $100,000 each. The first payment of $100,000 will be payable upon execution of contract amendment #6. The remaining payments will be invoiced at the beginning of each quarter thereafter. In addition to the $100,000 per quarter, if more than 6 liver transplants are performed per quarter then an additional $16,667 per transplant will be added to the invoice in the subsequent quarter.


* Salary and benefit rate information is confidential. Mayo cannot share individual costs or rate information, as this would be against Mayo policy


** This budget only reflects the additional funds that are being added with amendment #6.