SEC Contract Filing

Filing Date: 2019-03-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.29
<SEQUENCE>7
<FILENAME>a12312018-10kexhibit1029.htm
<DESCRIPTION>EXHIBIT 10.29
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2019 Workiva -->
 <title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s33E92B0622F0CC02DEE5A55832786303"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.29</font></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">[***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;">Execution Copy </font></div><div style="line-height:134%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECOND AMENDMENT TO</font></div><div style="line-height:134%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOVAN PATENT AND KNOW-HOW LICENSE AGREEMENT</font></div><div style="line-height:134%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THIS SECOND AMENDMENT TO NOVAN PATENT AND KNOW-HOW LICENSE AGREEMENT </font><font style="font-family:inherit;font-size:12pt;">(this &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Second Amendment</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is made as of November 2, 2018 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Second Amendment Effective Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;) by and between </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Novan, Inc.</font><font style="font-family:inherit;font-size:12pt;">, a Delaware corporation with a principal place of business at 4105 Hopson Road, Morrisville, North Carolina 27560 (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Novan</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">KNOW Bio, LLC</font><font style="font-family:inherit;font-size:12pt;">, a North Carolina limited liability company with a principal place of business at 4222 Emperor Blvd. Suite 470, Durham, NC 27703 (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Licensee</font><font style="font-family:inherit;font-size:12pt;">&#8221;). Novan and Licensee may each be referred to as a &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Party</font><font style="font-family:inherit;font-size:12pt;">,&#8221; and together as the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Parties</font><font style="font-family:inherit;font-size:12pt;">.&#8221; </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">RECITALS</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS, </font><font style="font-family:inherit;font-size:12pt;">Novan and Licensee entered into that certain Novan Patent and Know-How License Agreement dated December 29, 2015, as amended on October 13, 2017 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">License Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;);</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:12pt;">and</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;Novan and Licensee desire to amend the terms of the License Agreement to update the Novan Patents, Separately-Licensed Patents and Additional UNC Patents licensed under the License Agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW, THEREFORE, </font><font style="font-family:inherit;font-size:12pt;">for good and valuable consideration, receipt of which is hereby acknowledged, the Parties agree as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent: