APPLERA CORP
JOINT VENTURE AGREEMENT
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<TYPE>EX-10.34
<SEQUENCE>8
<FILENAME>b400552ex10_34.htm
<DESCRIPTION>JOINT VENTURE AGREEMENT
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Prepared and filed by St Ives Burrups
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<PAGE><p align="right"><font size="2" face="serif"><b>EXHIBIT 10.34</b></font></p>
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<p align="center"><font size="2" face="serif"><b><font face="serif" size="5">AMENDMENT TO</font></b></font></p>
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<p align="center"><font size="2" face="serif"><b><font face="serif" size="5">CELERA DIAGNOSTICS</font></b></font></p>
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<p align="center"><font size="2" face="serif"><b><font face="serif" size="5">JOINT VENTURE AGREEMENT</font></b></font></p>
<p align="center"><font size="2" face="serif"><b><font face="serif" size="4">AS OF JUNE 22, 2004</font></b></font></p>
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<p align="center"><font size="2" face="serif"><b>AMENDMENT TO JOINT VENTURE AGREEMENT</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMENDMENT TO JOINT VENTURE AGREEMENT (this &#147;<b>Amendment</b>&#148;), dated as of the 22nd day of June, 2004, is by and among Applera Corporation (&#147;<b>Applera</b>&#148;), the Applied Biosystems Group of Applera (&#147;<b>ABI</b>&#148;), the Celera Genomics Group of Applera (&#147;<b>CRA</b>&#148;), Foster City Holdings, LLC (&#147;<b>ABI LLC</b>&#148;<b>)</b>, and Rockville Holdings, LLC (&#147;<b>CRA LLC</b>&#148;).</font></p>
<p align="center"><font size="2" face="serif"><u>RECITALS</u></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the parties have entered into a Joint Venture Agreement dated as of April 1, 2001 (the &#147;<b>JV Agreement</b>&#148;);</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the parties have proposed the amendments to the JV Agreement reflected herein to align certain procedural provisions of the JV Agreement with Applera practices, and those amendments have been approved by the Inter-Group Policy Committee as defined in, and required by, by the JV Agreement.</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, the parties hereto agree to the following amendments to the JV Agreement:</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.  The last paragraph of Section 2.3 of Annex E to the JV Agreement is hereby amended and restated in its entirety to read as follows:</font></p>
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<td align="left"><font size="2" face="serif">The JV Board shall review and approve the JV Company business plan and corresponding budget (including fixed and working capital requirements) for each of its fiscal years consistent with the timing of the Applera annual budgeting and planning processes, and at such other times as the JV Board determines from time to time.</font></td>
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<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.  The following sentence is hereby added to the end of Section 4.1(b) of Annex E to the JV Agreement:  &#147;Notwithstanding anything to the contrary contained herein, the approval of any matters by members of the JV Board at Applera Executive Committee or other meetings shall be deemed approval by them in their capacity as members of the JV Board, and therefore approval by the JV Board, without the need to call a separate JV Board meeting, provided that the quorum provisions of this paragraph shall have been met at any such meeting.&#148;</font></p>
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<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties agree to the foregoing as of the date first written above.</font></p>
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    <td>&nbsp;</td>
    <td colspan="2" align="left" valign="top"><font size="2" face="serif">APPLERA CORPORATION</font></td>
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    <td align="left" valign="top"><font size="2" face="serif">By:</font></td>
    <td align="left" valign="top"><font size="2" face="serif"><u>/s/ Tony L. White</u></font><br>
      <font size="2" face="serif"> Name: Tony L. White </font><br>
      <font size="2" face="serif"> Title: Chairman, President and </font><br>
      <font size="2" face="serif"> Chief Executive Officer </font></td>
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    <td colspan="2" align="left" valign="top"><font size="2" face="serif">APPLIED BIOSYSTEMS
        GROUP OF<br>
APPLERA CORPORATION</font></td>
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    <td>&nbsp;</td>
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    <td align="left" valign="top"><font size="2" face="serif">By: <u></u></font></td>
    <td align="left" valign="top"><font size="2" face="serif"><u>/s/ Catherine
          M. Burzik</u></font><br>
      <font size="2" face="serif"> Name: Catherine M. Burzik</font><br>
    <font size="2" face="serif"> Title: President</font></td>
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    <td colspan="2" align="left" valign="top"><font size="2" face="serif">CELERA GENOMICS
        GROUP OF<br>
APPLERA CORPORATION</font></td>
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    <td align="left" valign="top"><font size="2" face="serif">By: <u></u></font></td>
    <td align="left" valign="top"><font size="2" face="serif"><u>/s/ Kathy
          Ordo&ntilde;ez</u></font><br>
    <font size="2" face="serif"> Name: Kathy Ordo&ntilde;ez</font><br>
    <font size="2" face="serif"> Title: President</font></td>
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    <td colspan="2" align="left" valign="top"><font size="2" face="serif">FOSTER CITY HOLDINGS,
    LLC</font></td>
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    <td colspan="2" align="left" valign="top"><font size="2" face="serif">By: Applera Corporation,
        acting through the<br>
Applied Biosystems Group, as the sole member <br>
of Foster City Holdings, LLC</font></td>
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    <td align="left" valign="top"><font size="2" face="serif"><u></u></font></td>
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    <td align="left" valign="top"><font size="2" face="serif">By: </font></td>
    <td align="left" valign="top"><font size="2" face="serif"><u>/s/ Catherine
          M. Burzik</u>_</font><br>
          <font size="2" face="serif"> Name: Catherine M. Burzik</font><br>
    <font size="2" face="serif"> Title: President</font></td>
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    <td colspan="2" align="left" valign="top"><font size="2" face="serif">ROCKVILLE HOLDINGS,
    LLC</font></td>
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    <td colspan="2" align="left" valign="top"><font size="2" face="serif">By: Applera Corporation,
        acting through the<br>
Celera Genomics Group, as the sole member<br>
of Rockville Holdings, LLC</font></td>
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    <td align="left" valign="top"><font size="2" face="serif">By: <u></u></font></td>
    <td align="left" valign="top"><font size="2" face="serif"><u>/s/ Kathy
          Ordo&ntilde;ez</u></font><br>
      <font size="2" face="serif"> Name: Kathy Ordo&ntilde;ez</font><br>
      <font size="2" face="serif"> Title: President</font></td>
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