EX-10.5 9 ex10-5.htm EX-10.5

 

Exhibit 10.5

 

FIRST AMENDMENT TO THE RESEARCH AND LICENSE AGREEMENT

 

This First Amendment to the Research and License Agreement (“First Amendment”) is made as of August 15, 2021 (the “Amendment Effective Date”), by and between:

 

YISSUM RESEARCH DEVELOPMENT COMPANY OF THE HEBREW UNIVERSITY OF JERUSALEM, LTD., of Hi Tech Park, Edmond J. Safra Campus, Givat Ram, Jerusalem 91390, Israel (“Yissum”) of the first part; and

 

InnoCan Pharma A Ltd., of 10 Hamenofim Street, Herzelia, Israel (the “Company”), of the second part;

 

(each of Yissum and the Company, a “Party”, and collectively the “Parties”)

 

WHEREAS: the Parties signed a Research and License Agreement, on January 21, 2020 (the “License Agreement”)
   
WHEREAS: the Parties wish to amend the License Agreement as set forth herein.

 

NOW THEREFORE THE PARTIES DO HEREBY AGREE AS FOLLOWS:

 

1. Interpretation and Definitions

 

  1.1. The preamble to this First Amendment constitutes an integral part hereof and shall be read jointly with its terms and conditions.
     
  1.2. In this First Amendment, unless otherwise required or indicated by the context, the singular shall include the plural and vice-versa, the masculine gender shall include the female gender, and the use of the word “or” shall mean “and/or”.
     
  1.3. The headings of the sections in this First Amendment are for the sake of convenience only and shall not serve in the interpretation of the First Amendment.
     
  1.4. In this Amendment, any capitalized terms that are used but not defined herein shall carry the meaning attributed to them in the License Agreement.

 

2. The following patent application shall be added to Appendix A of the License Agreement, and shall be included in the Licensed Patents:

 

  Patent application: 63/086,223 (Yissum Ref No.: 6741) entitled: PROTEIN BOUND CANNABINOID FORMULATIONS AND USES THEREOF

 

 
 

 

The Parties have agreed to update Appendix A attached to the License Agreement by replacing it in its entirety by the new Appendix A attached to this First Amendment.

 

3. This First Amendment shall amend and supplement the License Agreement only to the extent expressly set forth above. This First Amendment does not constitute, directly or by implication, an amendment or waiver of any provision of the License Agreement, or any other right, remedy, power or privilege of any Party, except as expressly set forth herein. To the extent of any inconsistency between the License Agreement and this First Amendment, this First Amendment shall control and shall supersede the License Agreement. The License Agreement is and shall remain in full force and effect to the extent not amended by this First Amendment. The terms of this First Amendment shall be governed by and construed in a manner consistent with the provisions of the License Agreement.

 

IN WITNESS WHEREOF, the Parties have executed this First Amendment as of the Amendment Effective Date first written above.

 

YISSUM   THE COMPANY
         
By: /s/ Keren-Or Amar   By: /s/ Itzik Goldwaser
Name: Dr. Keren-Or Amar   Name: Dr. Itzik Goldwaser
Title: VPBD   Title: CEO
 Date:

August 15, 2021

  Date:

August 15, 2021

 

I the undersigned, Prof. Chezy Barenholtz, have reviewed, am familiar with and agree to all of the above terms and conditions. I hereby undertake to cooperate fully with Yissum in order to ensure its ability to fulfill its obligations hereunder, as set forth herein.

 

/s/ Chezy Barenholtz   August 15, 2021
Prof. Chezy Barenholtz   Date signed

 

 
 

 

Appendix A

 

LICENSED PATENTS

 

Family: 6657 Title: LIPOSOMAL CANNABINOIDS AND USES THEREOF

 

Inventors

 

Inventor ID   Inventor Name
20828  

BAVLI Yaelle

9290  

CERN Ahuva

20829   HOD Atara
25297   Zilbersheid Daniel
1291   Barenholz Yechezkel

 

                Application   Publication

Patent

ID

  Continuity   Status   Country   Date   Number   Date   Number
6657-00   Priority   Filed   US   3/10/2019   62/910,097        
6657-01   PCT   Published   PCT   1/10/2020   PCT/IL2020/051068   8/4/2021   WO 2021/064730

 

Family: 6741 Title: PROTEIN BOUND CANNABINOID FORMULATIONS AND USES THEREOF

 

Inventors

 

Inventor ID   Inventor Name   Main
20828  

BAVLI Yaelle

   
9290  

CERN Ahuva

   
20829   HOD Atara    
25297   Zilbersheid Daniel    
1291   Barenholz Yechezkel   v

 

                Application   Publication

Patent

ID

  Continuity   Status   Country   Date   Number   Date   Number
6741-00   Priority   Filed   US   1/10/2020   63/086,223        

 

 
 

 

THE COMPANY   YISSUM
         
By: /s/ Iris Bincovich   By: /s/ Keren-Or Amar
Name: Iris Bincovich   Name: Dr. Keren-Or Amar
Title: CEO   Title: VPBD
Date: August 15, 2021   Date: August 15, 2021

 

      By: /s/ Dr. Itzik Goldwaser
      Name: Dr. Itzik Goldwaser
      Title: CEO
      Date: August 15, 2021