Amendment to License Agreement Between NewLink Genetics Corporation and Medical College of Georgia Research Institute
NewLink Genetics Corporation and the Medical College of Georgia Research Institute have agreed to amend their existing license agreement regarding the use of certain immuno-regulation technologies. This amendment allows NewLink to add a new technology developed by the Institute to its licensed portfolio, under the same royalty and usage terms as before. The amendment becomes effective once the specified license fee is paid. Both parties have signed to confirm their agreement to these changes.
Exhibit 10.48
LICENSE AGREEMENT AMENDMENT
Inasmuch as NewLink Genetics Corporation of Ames, Iowa, and the Medical College of Georgia Research Institute of Augusta Georgia, have a valid and existing License Agreement related to the use of Indoleamine-2,3-Dioxygenase and its inhibitors in Immuno-regulation [*] dated September 13, 2005;
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Inasmuch as the parties agree that the License Agreement contains a provision (Section 4.1) for the acquisition of new, related Improvement Technologies by NewLink arising at MCGRI after the Agreement was signed
and
Inasmuch as NewLink has reviewed a new Improvement Technology [*], and wishes to exercise its option to incorporate those technologies into the existing License Agreement technology portfolio under its standard royalty terms and use conditions,
It is Agreed:
That the parties amend the License Agreement relative to its Exhibit A , such that MCG case [*] is to be included in the technology portfolio for development and commercialization by NewLink, effective the date that the License Fee of [*] is received at MCGRI.
This present amendment shall hereby be considered part of the original License Agreement and is hereto agreed by representatives of both parties signing below.
MEDICAL COLLEGE OF GEORGIA RESEARCH INSTITUTE |
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| NEWLINK GENETICS | ||
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By | /s/Betty Aldridge |
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| By: | /s/Nicholas N. Vahanian |
Name: | Betty Aldridge |
| Name: | Nicholas N. Vahanian | |
Title: | Executive Director |
| Title: | Chief Medical and Operations Officer | |
Date: | 4/27/06 |
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| Date: 4/21/06 |