EXECUTION VERSION
CONFIDENTIAL
RESEARCH AND OPTION AGREEMENT
This Research and Option Agreement (this "Agreement") is made and entered into effective as of 12 May 2022 (the "Effective Date") by and between CureVac AG, Friedrich-Miescher-Str. 15, 72076 Tübingen, Germany ("CureVac"), and myNEO NV, Ottergemsesteenweg Zuid 808 box 511, 9000 Ghent, Belgium ("myNEO"). CureVac and myNEO are sometimes referred to herein individually as a "Party" and collectively as the "Parties."
RECITALS
WHEREAS, myNEO has developed and possesses proprietary rights in the myNEO bioinformatic screening platform that focuses on identifying, exploring and validating immunogenic alterations present in a specific patient.
WHEREAS, applying myNEO's personalized neoantigen discovery platform on gathered datasets allows for shared immunogenic target discovery.
WHEREAS, CureVac is a biotech company focusing on the development, manufacture and commercialization of mRNA-based products.
WHEREAS, the Parties wish to enter into a joint research and option agreement under which myNEO will identify new antigen targets that can be used by CureVac to develop and commercialize new medicinal products for the treatment of non-small cell lung cancer, melanoma and potentially other indications, in accordance with the terms and conditions set out in this Agreement.
NOW, THEREFORE, in consideration of the premises and the mutual promises and conditions hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, do hereby agree as follows:
ARTICLE 1.
DEFINITIONS
Unless otherwise specifically provided herein, the following terms shall have the following meanings:
1.1 | "Accounting Standards" means with respect to a Party, that such Party shall maintain records and books of accounts in accordance with recognized accounting standards, customarily and consistently applied by such Party. |
1.2 | "Affiliate" means any Person that controls, is controlled by, or is under common control with another Person. A Person will be regarded as under the control of another Person if the latter Person owns, or directly or indirectly controls, fifty percent (50%) or more of the voting stock or other ownership interest of the former Person, or if the latter Person possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of the former Person or the power to elect or appoint fifty percent (50%) or more of the members of the governing body of the former Person, provided, however, that [*****]. |
1.3 | "Applicable Law" means federal, state, local, national and supra-national laws, statutes, rules, and regulations, including any rules, regulations, regulatory guidelines, or other requirements of the Regulatory Authorities, major national securities exchanges or major securities listing organizations, that may be in effect from time to time during the Term and applicable to a particular activity or country or other jurisdiction hereunder. |
1.4 | "Background IP" has the meaning set forth in Section 6.1. |