AMENDMENT#4 TO JOINT DEVELOPMENT AGREEMENT

EX-10.16 3 f8k051915ex10xvi_mydxinc.htm AMENDED AMENDMENT NO. 4 DATED MAY 19, 2015 TO JOINT DEVELOPMENT AGREEMENT, DATED AS OF NOVEMBER 1, 2013, BETWEEN CDX, INC. AND NEXT DIMENSION TECHNOLOGIES, INC.

Exhibit 10.16

 

AMENDMENT #4 TO JOINT DEVELOPMENT AGREEMENT

 

WHEREAS, CDx, Inc. ("CDX") and Next Dimension Technologies, Inc. ("NDT") are parties to a Joint Development Agreement executed by the parties on November 1, 2013, as modified by Amendment #1, Amendment, #2, and Amendment #3 to the Joint Development Agreement executed by the parties on April 21, 2014, July 1, 2015, and March 13, 2015, respectively (the "Agreement"); and

 

WHEREAS, pursuant to Paragraph 11.3 of the Agreement, both parties now desire to further modify and amend the Agreement;

 

NOW, THEREFORE, in consideration of the mutual undertakings of the parties as set forth below as well as other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, CDX and NDT do hereby mutually agree as follows:

 

1.     With respect to Exhibit B, Paragraph 4, NDT agrees to extend, at no additional cost, the license agreement negotiation period beyond ninety (90) days to no later than May 19, 2015.

 

2.     All remaining terms and conditions of Agreement remain in full force and effect, as modified and amended hereby and are hereby ratified by the parties.

 

3.     After full execution of this Amendment #4, the Agreement shall be deemed to include the modifications and amendments herein.

 

IN WITNESS WHEREOF, the parties have caused this Amendment #4 to be executed by their authorized representatives as of the respective dates written below.

 

CDX, Inc.   Next Dimension Technologies, Inc.
     
By: /s/ Daniel Yazbeck   By: /s/ William Royea

Name:

Daniel Yazbeck   Name: William Royea
Title: President   Title: President
         
Date: May 19, 2015 Date:

May 19, 2015