Notice of Assignment of Lantibiotic ECC and Lantibiotic SIA by and between Oragenics, Inc. and Intrexon Corporation (n/k/a Precigen Inc.) to ILH Holdings Inc. effective January 1, 2020

Contract Categories: Business Finance - Assignment Agreements
EX-10.6 3 ex10-6.htm

 

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