EX-10.10 19 tm2210382d1_ex10-10.htm EXHIBIT 10.10

 

Exhibit 10.10

 

AMENDMENT FIVE

To

LIMITED EXCLUSIVE

PATENT LICENSE AGREEMENT

 

For

 

DIAGNOSTIC KIOSK

For Food Safety, Water Quality Monitoring, and
Human/Veterinary Clinical Diagnostics

 

Between

 

LAWRENCE LIVERMORE NATIONAL SECURITY, LLC

 

and

 

BIONOMICS DIAGNOSTICS, INC.,

a wholly-owned subsidiary of LexaGene Holdings, Inc.

 

LLNL Case No. TL02679.5

 

Lawrence Livermore National Laboratory
Innovation and Partnerships Office
P.O. Box 808, L-795, Livermore, CA 94551

 

April 12, 2021

 

 

 

 

Bionomics Diagnostics, Inc., a wholly-owned subsidiary

LexaGene Holdings, Inc.

Diagnostic Kiosk

Amendment Five

 

AMENDMENT FIVE

April 12, 2021

 

to

 

License Agreement - LLNL Case Number TL02679

for Diagnostic Kiosk

between Lawrence Livermore National Security, LLC and Bionomics Diagnostics, Inc.

effective June 22, 2015

 

This Amendment Five to the License Agreement by and between Lawrence Livermore National Security, LLC (“LLNS”) and Bionomics Diagnostics, Inc. (“LICENSEE”) is effective as of the date of execution of this Amendment by the last signing Party. This Amendment and the associated License Agreement are subject to overriding obligations to the Federal Government pursuant to the provisions of LLNS’s Contract No DE-AC52-07NA27344 with the United States Department of Energy (“DOE”) for the operation of the Lawrence Livermore National Laboratory (“LLNL”).

 

This Amendment Five will modify Exhibit B (RIGHTS GRANTED AND PERFORMANCE OBLIGATIONS). All other terms and conditions remain the same.

 

Therefore, in consideration of the mutual covenants and obligations recited herein, LLNS and LICENSEE hereby amend the License Agreement as follows:

 

1.Exhibit B (RIGHTS GRANTED AND PERFORMANCE OBLIGATIONS), Paragraph B.5 (Performance Obligations)

 

Delete Paragraph B.5 in its entirety and replace with the following:

 

B.5Performance Obligations

 

B.5.1LICENSEE will complete proof-of-concept prototype by January 31, 2018.

 

B.5.2LICENSEE will achieve First Commercial Sale (“FCS”) in the United States by December 31, 2020.

 

B.5.3LICENSEE will:

 

B.5.3.1research veterinary diagnostics markets in the United States by December 31, 2020; and

 

B.5.3.2submit an Emergency Use Authorization (EUA) application to the U.S. Food and Drug Administration (FDA) by December 31, 2021.

 

21GM0412 1

TL02679.5

Amendment Five

 

Bionomics Diagnostics, Inc., a wholly-owned subsidiary

LexaGene Holdings, Inc.

Diagnostic Kiosk

Amendment Five

 

B.5.4LICENSEE will achieve cumulative sales of more than Ten Million Dollars ($10,000,000) within three (3) years of FCS.

 

B.5.5LICENSEE will achieve FDA clearance to perform human clinical diagnostics in the United States by December 31, 2022.

 

B.5.6The sales requirements specified above may, by mutual written consent of LICENSEE and LLNS, be amended and/or extended at the written request of LICENSEE to LLNS, based upon legitimate business reasons specified in reasonable detail in such written request.

 

B.5.7The first progress report will be due on February 28, 2016.

 

B.5.8LICENSEE will diligently proceed to commercially develop, file relevant regulatory applications for, and attempt to obtain relevant regulatory commercialization approvals with respect to the manufacturing, marketing, and sale of Licensed Products.

 

Both LLNS and LICENSEE have executed this Agreement by their respective authorized representatives on the day and year hereinafter.

 
BIONOMICS DIAGNOSTICS, INC., a wholly-owned subsidiary of LexaGene Holdings, Inc   LAWRENCE LIVERMORE NATIONAL SECURITY, LLC LAWRENCE LIVERMORE NATIONAL LABORATORY
     
By: /s/ Jack Regan   By: /s/ Richard Rankin
         
Name: Jack Regan   Name: Richard A. Rankin
         
Title: Chief Executive Officer   Title: Director, Innovation and Partnerships Office
         

Date Signed: 4/16/2021   Date Signed: 4/16/2021

 

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TL02679.5

Amendment Five