Amendment, dated August 14, 2020, to Development and Supply Agreement with Qorvo Biotechnologies, LLC
Certain identified information has been excluded from this exhibit because it is both (i) not material and (ii) would likely cause competitive harm to the registrant if publicly disclosed. [*] indicates that information has been redacted.
|18683 Bearpath Trail|
Eden Prairie, MN 55347
Chief Executive Officer
August 14, 2020
Mr. Hanjoon Ryu
Qorvo Biotechnologies, LLC
14205 21st Avenue North (Suite 212)
Plymouth, MN 55447
This letter agreement (the "Agreement") is entered into between Qorvo Biotechnologies, LLC, having a principle place of business at 14505 21st Avenue North (Suite 212), Plymouth, MN 55447 ("Qorvo") and Zomedica Pharmaceuticals Corp., having a principle place of business at 100 Phoenix Drive (Suite 180), Ann Arbor, MI 48108 ("Zomedica") pursuant to Section 15.8 of the Development and Supply Agreement between Qorvo and Zomedica dated November 26, 2018 (the "Original Agreement") and is intended to amend the Original Agreement as set forth below. The defined terms used in this Agreement are as contained in the Original Agreement.
WHERAS, Zomedica and Qorvo desire to change the final Milestone Event.
NOW, THEREFORE, Qorvo and Zomedica, intending to be legally bound, agree as follows:
1. The final Milestone Event set forth in Section 6.1 of the Original Agreement; namely, "[*]" hereby is removed and replaced by: "[*]" For clarity, assays one through five are as identified in SCHEDULE 1.21-1 through SCHEDULE 1.21-5 to the Original Agreement.
2. No other section of the Original Agreement is revised in any way including, but not limited to, the $2,000,000 cash payment associated with the milestone revised in paragraph 1 hereinabove.
AGREED TO AND ACCEPTED BY:
|Qorvo Biotechnologies, LLC||Zomedica Pharmaceuticals Corp.|
|Signature:||/s/ Hanjoon Ryu||Signature:||/s/ Robert Cohen|
|Name:||Hanjoon Ryu||Name:||Robert Cohen|
|Title:||General Manager||Title:||Chief Executive Officer|
|Date:||August 20, 2020||Date:||August 29, 2020|