EXHIBIT 10.5
May 11, 2009
Michael F. Newborg, Executive Director
University of Connecticut Health Center
Center for Science and Technology Commercialization
263 Farmington Ave
Farmington, CT 06030-6207
Re: | License Agreement between University of Connecticut Health Center (“UConn”) and Antigenics Inc. effective May 25, 2001, as amended (the “Agreement”) |
Dear Dr. Newborg:
As you are aware, Antigenics and UConn have been in good faith negotiations regarding our proposal of a potential [**] in certain annual license fee terms per section 3.1 of the Agreement and an [**] in certain milestone payments per section 3.2.
This letter serves to memorialize the parties’ agreement to extend the date for Antigenics to fulfill its obligations under section 3.1 of the Agreement until June 15, 2009, while the parties continue their current negotiations to amend the terms of the Agreement.
All other obligations of the parties under the Agreement shall remain in force.
Please confirm your agreement by kindly signing and returning one fully executed version of this letter to: Antigenics Inc., 3 Forbes Road, Lexington, MA 02421, Attention: Legal Department.
Sincerely, |
/s/ Karen Valentine |
Karen Valentine Vice President and General Counsel |
Acknowledged and Agreed:
University of Connecticut Health Center
By: | /s/ Michael F. Newborg | |
Title: | Michael F. Newborg, Executive Director |
Date: 5/11/09
[**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. An unpredicted version of this exhibit has been filed separately with the Commission.