Amendment to Licensing Agreement between Fujifilm Medical Systems USA, Inc. and Virtual Radiologic Corporation
This amendment updates the licensing agreement between Fujifilm Medical Systems USA, Inc. and Virtual Radiologic Corporation, originally signed on April 1, 2006. The change modifies the timing for revenue sharing notifications, requiring them to be made no later than the first day of each calendar quarter, instead of at least ten days prior. All other terms of the original agreement remain unchanged. Both parties have agreed to this amendment as of March 26, 2007.
Exhibit 10.56
March 20, 2007
Clay Larsen
Fujifilm Medical Systems
419 West Avenue
Stamford, CT 06902
Re: Amendment to Licensing Agreement.
Dear Clay:
This letter will confirm our agreement to the following change to the licensing agreement between Fujifilm Medical Systems USA, Inc. and Virtual Radiologic Corporation executed on April 1, 2006, as amended August 1, 2006:
In section 3.1 of the agreement, titled “Revenue Sharing Arrangement”, the text below the table of paragraph (b) originally reading:
At least ten (10) days prior to the commencement of each calendar quarter of 2007 and of each succeeding year during the term of his Agreement…
is changed to read:
No later than the first day of each calendar quarter of 2007 and of each succeeding year during the term of his Agreement...
All other terms and conditions of the licensing agreement remain the same.
Please confirm your agreement to this change by signing and dating below in the place provided.
Please fax your acknowledgement to me at ###-###-####. If you have questions, you may contact me by phone at ###-###-####.
5995 Opus Parkway, Suite 200 · Minneapolis. MN ###-###-#### · Main: 952 ###-###-#### · Fax: 952 ###-###-#### · www.virtualrad.net
Thank you for your attention and courtesies.
| Regards, |
| /s/ George Frisch |
| George Frisch |
| General Counsel |
| Virtual Radiologic Corporation |
The foregoing change is acknowledged and agreed.
| Fuji Medical Systems | ||
| By: | /s/ Clay Larsen | |
| Clay Larsen | ||
| VP, Marketing and Network Business | ||
| Dated: 3/26/07 | ||
5995 Opus Parkway, Suite 200 · Minneapolis. MN ###-###-#### · Main: 952 ###-###-#### · Fax: 952 ###-###-#### · www.virtualrad.net
