AMENDMENT No. 2 TO the AGREEMENT dated 21 December 2012 between LONZA SALES AG and NEXVET BIOPHARMA PTY LTD
Exhibit 10.3
| Confidential |  |
AMENDMENT No. 2
TO
the AGREEMENT
dated 21 December 2012
between
LONZA SALES AG
and
NEXVET BIOPHARMA PTY LTD
Schedule 2
Stage 1B - ***
Schedule 3
Price and Payment
*** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.
| Confidential | |
THIS AMENDMENT is made the 17th day of June 2013
BETWEEN
| 1. | LONZA SALES AG, of Muenchensteinerstrasse 38, Ch-4002 Basel, Switzerland (“Lonza”) and |
| 2. | NEXVET BIOPHARMA PTY LTD, of 9 Meaden Street, Southbank, 3006, Victoria, Australia (“Customer”). |
WHEREAS
| A. | Customer and Lonza entered into an agreement dated 21 December 2012 referring to NV-01, (the “Agreement”), under which Lonza is required to perform Services relating to the Cell line and Product described. |
| B. | Customer would like Lonza to carry out additional activities under the Agreement. |
| C. | Lonza is prepared to perform the additional activities. |
NOW THEREFORE it is agreed hereby by the parties to amend the Agreement and perform additional services as follows:
| Confidential | |
| 1. | Schedule 2 of the Agreement shall be amended to delete the original optional Stage 1B and replace it with the following Stage. |
SCHEDULE 2
***
*** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.
| Confidential | |
| 2. | Schedule 3 of the Agreement shall be amended by the addition of the following provisions in respect of the additional Stages contained in this Amendment No. 2: |
SCHEDULE 3
PRICE AND TERMS OF PAYMENT
| 1. | Price |
In consideration for Lonza performing the Services as detailed in Schedule 2 Customer shall pay Lonza as follows:
| Stage | Price (UK £ Sterling) | |
| Stage 1B - *** | £*** (1,2) |
Notes:
| (1) | As described in Clause 4 - “Delivery, Transportation of Product and Customer Tests” of the Agreement, additional costs and expenses incurred by Lonza in arranging insurance and transportation in order to ship samples, Product, and Cell Line shall be charged to Customer in addition to the price. |
| (2) | Price for replacement Stage 1B is unchanged from original optional Stage 1B. The additional scope contained within the replacement Stage 1B shall be absorbed by Lonza as agreed at the Joint Steering Committee meeting on 20th May 2013. |
| 2. | Payment |
Payment by Customer of the Price for each Stage shall be made against Lonza’s invoices as follows:
| 2.1 | For Stage 1B |
***% upon commencement.
***% upon completion.
*** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.
| Confidential | |
| 3. | Save as herein provided all other terms and conditions of the Agreement shall remain in full force and effect. |
AS WITNESS WHEREOF the parties have caused this Amendment No. 2 to be executed by their representatives thereunto duly authorised as of the day and year first written.
| NEXVET BIOPHARMA PTY LTD | LONZA SALES AG | |
| Signature: /s/ Mark Heffernan | Signature: /s/ Janet White | |
| Printed Name: Mark Heffernan | Printed Name: Janet White | |
| Title: CEO | Title: | |
| Signature: | Signature: /s/ Oliv Brunner | |
| Printed Name: | Printed Name: Oliv Brunner | |
| Title: | Title: Legal Counsel | |
