Notice of Assignment of Stock Issuance and Exclusive Channel Collaboration Agreements from Intrexon to ILH Holdings
Intrexon Corporation is notifying Oragenics, Inc. that it is assigning its rights and obligations under the Stock Issuance Agreement and the Exclusive Channel Collaboration Agreement, both dated June 5, 2012, to ILH Holdings, Inc., a Delaware affiliate. This assignment is part of a business reorganization related to the sale of Intrexon's API fermentation business, effective January 1, 2020. ILH Holdings will assume all responsibilities under the agreements, and the change will not negatively affect the agreements' terms.
Exhibit 10.6
Intrexon | 20374 Seneca Meadows Pkwy Germantown, MD 20376 (+1) 301 ###-###-#### dna.com |
Better DNA
December 23, 2019
Oragenics, Inc.
4902 Eisenhower Blvd., Suite 125
Tampa, FL 33634
Attention: Chief Executive Officer
| Re: | Letter providing Notice of Assignment (“Notice”) regarding the Stock Issuance Agreement and the Exclusive Channel Collaboration Agreement (as amended), each dated 6/5/2012 (collectively, the “Agreement(s)”) by and between Oragenics, Inc. and Intrexon Corporation (“Intrexon”) |
Dear Sir or Madam:
Intrexon has recently executed an agreement to sell several of its business units, including its API fermentation business, in a transaction expected to close in early 2020 (the “Transaction”). For details regarding the Transaction, see the press release located on Intrexon’s website at https://investors.dna.com/press. In preparation for the Transaction closing, Intrexon has reorganized the entirety of its ongoing API fermentation operations and assets into ILH Holdings, Inc., a Delaware company and affiliate of Intrexon. ILH Holdings, Inc. is assuming all of Intrexon’s business relating to the above referenced Agreement(s), and therefore this Notice is provided pursuant to the Agreement(s) to notify you of Intrexon’s intent to assign the entirety of the Agreement(s) to ILH Holdings, Inc. effective Jan. 1, 2020. This reorganization will not negatively impact the Agreement(s), and ILH Holdings, Inc. agrees to comply with all obligations under the assigned Agreement(s). The Notice address for ILH Holdings, Inc. under the Agreement(s) will be:
ILH Holdings, Inc.
c/o Intrexon Corporation
20374 Seneca Meadows Parkway
Germantown, MD 20876
Attn: Legal Department
If you have questions, please contact Vanessa Hon of Intrexon Corporation, care of the above Intrexon address or by email to ***@***.
Sincerely,
Intrexon Corporation
| /s/ Donald P. Lehr | ||
| Donald P. Lehr | ||
| Chief Legal Officer |
