Amendment to Collaborative Research and License Agreement between Senomyx, Inc. and Nestec, Ltd.
Senomyx, Inc. and Nestec, Ltd. have agreed to extend their existing Collaborative Research and License Agreement, originally dated October 26, 2004. The amendment, decided at a steering committee meeting on January 9, 2007, extends the timeline for their joint work on discovering and commercializing new flavor ingredients for coffee and coffee whitener products. The new end date for the collaborative period is April 25, 2010, and the Go/No-Go decision date is now April 26, 2007.
EXHIBIT 10.42
STATEMENT REGARDING EXTENSION OF COLLABORATIVE RESEARCH AND LICENSE
AGREEMENT DATED OCTOBER 26, 2004 BETWEEN SENOMYX, INC. AND NESTEC, LTD.
At a steering committee meeting on January 9, 2007, the Company and Nestlé agreed to amend the agreement regarding the discovery and commercialization of novel flavor ingredients in the coffee and coffee whitener fields to extend the dates provided in Appendix A to April 25, 2010 (end date for Collaborative Period) and April 26, 2007 (Go/No-Go Decision Date).
