Exhibit 10.4.1
CONFIDENTIAL TREATMENT REQUESTED UNDER 17 C.F.R. §§ 200.80(B)(4) AND 230.406. THE CONFIDENTIAL PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED AND ARE MARKED ACCORDINGLY. THE CONFIDENTIAL PORTIONS
HAVE BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A CONFIDENTIAL TREATMENT REQUEST.
AXOGEN
AMENDED AND RESTATED NERVE TISSUE PROCESSING AGREEMENT
|
|
|
| “LIFENET HEALTH” |
|
“AXOGEN” |
|
|
| LifeNet Health |
|
AXOGEN CORPORATION |
| 0000 Xxxxxxx Xxxxx |
|
00000 Xxxxxxxx Xxxx |
| Xxxxxxxx Xxxxx, XX 00000 |
|
Xxxxx 000 |
|
|
Xxxxxxx, XX 00000 |
This Amended and Restated AXOGEN Nerve Tissue Processing Agreement (“Agreement”) consists of this
signature page, the attached Terms and Conditions, and the Exhibits marked below. This Agreement authorizes LIFENET HEALTH to process human cadaveric tissue for AXOGEN. The term of this Agreement shall commence on the Effective Date
and shall end as provided in the Terms and Conditions. For purposes of this Agreement, the “Effective Date” shall be the last date executed below. This Agreement becomes legally binding upon signature below by authorized representatives of
the parties, and supersedes the AXOGEN Nerve Tissue Processing Agreement by and between the parties, dated November 16, 2007 (the “Original Agreement”).
Exhibits
A — BATCH SCHEDULE
B — FEE SCHEDULE
|
|
|
|
|
|
|
|
|
| LIFENET HEALTH |
|
|
|
AXOGEN |
|
|
|
|
|
| By: |
|
/s/ Xxxxxx Xxxxxxxxxxxx |
|
|
|
By: |
|
/s/ Xxxxx X. Xxxxxx |
|
|
|
|
|
| Title: |
|
CFO |
|
|
|
Title: |
|
CEO |
|
|
|
|
|
| Date: |
|
2-26-08 |
|
|
|
Date: |
|
2/27/08 |
TERMS AND CONDITIONS
AXOGEN shall provide
LIFENET HEALTH with aseptically procured human allograft nerve tissue from its donor sources, suitable for Processing (as defined below) by LIFENET HEALTH into Product, and distribution by AXOGEN for clinical
implantation. The term “Product” means human nerve allografts based on AxoGen’s proprietary technology that meet Product Specifications (as defined below) and meet applicable federal, state and local regulations and in accordance with
the Standards for Tissue Banking of the AATB. The term “aseptic procurement” means the procurement of nerve tissues under aseptic conditions using aseptic techniques.
LIFENET HEALTH shall
receive aseptically procured nerve tissues for processing in accordance with all applicable federal, state and local regulations and in accordance with the Standards for Tissue Banking of the AATB and, on a schedule agreed to in writing by the
parties, manage, perform and document aseptic debriding, processing and packaging of aseptically procured nerve tissues in accordance with AXOGEN’s proprietary process (“Process” or the act of “Processing”).
LifeNet Health will follow instructions and meet quality standards defined in AXOGEN created SOPs governing Processing and revised from time to time by AXOGEN and approved by LIFENET HEALTH on an ongoing basis and incorporated
herein and in accordance with all applicable federal, state and local regulations and in accordance with the Standards for Tissue Banking of the AATB (the “Product Specifications”). LIFENET HEALTH shall not make any changes to the
Process or Product Specifications without the prior written consent of AXOGEN. LIFENET HEALTH shall provide routine sterilization of daily supplies. LIFENET HEALTH reserves the right to refuse to Process any donor or donor
material that it, in its reasonable discretion, finds unacceptable.
AXOGEN shall supply
LIFENET HEALTH with all processing reagents and equipment (“Equipment”) necessary to Process each nerve tissue, excluding freezers, refrigerators, sealers (to be maintained by LIFENET HEALTH) and various disposable supplies
such as sterile gowns, sleeves, gloves, table covers, and various cleaning supplies, which shall be supplied by LIFENET HEALTH. AXOGEN shall own all the Equipment. LIFENET HEALTH shall assist AXOGEN in making any UCC or other
filings necessary to secure and evidence AXOGEN’s ownership of such Equipment as and when requested by AXOGEN. AXOGEN shall also supply the necessary calibration and preventative maintenance documents required for all
Equipment purchased for LIFENET HEALTH. LIFENET HEALTH will work with AXOGEN to perform the necessary Equipment calibrations and preventative maintenance. LIFENET HEALTH shall (i) use the Equipment only for
the purposes authorized by AXOGEN, (ii) restrict access to and use of the Equipment to those individuals for whom such access and use is required to conduct activities on behalf of AXOGEN and (iii) deliver the
Equipment to AXOGEN or its designee on the earlier of the termination or expiration of this Agreement, or as otherwise requested by AXOGEN. In the event that any item of Equipment under LIFENET HEALTH’s control
becomes damaged or rendered unusable due to negligence, LIFENET HEALTH shall replace or repair such Equipment at its own expense, with AXOGEN’S prior written approval.
| 4. |
DOCUMENTATION AND RECORD MAINTENANCE |
AXOGEN shall provide LIFENET HEALTH with documentation of the suitability of the nerve tissue donors. This documentation shall include a
copy of AXOGEN’S Medical Director release of donor nerve tissue, which shall include AXOGEN’S Medical Director confirmation of negative/nonreactive results of all required serologicals testing, acceptable pre-Processing
bacteriologic culture results of donor nerve tissue, acceptable results of any or all laboratory analyses and medical information, and acceptable review of donor consent form in accordance with local regulations. AXOGEN expressly warrants to
its knowledge the validity, accuracy and completeness of the information included in the documentation provided to LIFENET HEALTH.
LIFENET HEALTH shall maintain appropriate records to document all aspects of Processing and training of LIFENET HEALTH employees, and
provide copies of such Processing records to AXOGEN.
LIFENET HEALTH shall also maintain adequate records to document
disposition of all materials received from AXOGEN, whether returned to AXOGEN or discarded.
AXOGEN is responsible for
the review of all documentation and the final release of nerve tissue grafts Processed for AXOGEN by LIFENET HEALTH.
| 5. |
NOTICE OF UNSUITABILITY OR COMPLAINTS |
LIFENET HEALTH shall notify AXOGEN of problems with any nerve tissue provided for Processing, and consult with and follow instructions from
AXOGEN as to the disposition of such nerve tissue. AXOGEN and LIFENET HEALTH will immediately notify the other regarding any adverse events or complaints regarding Product.
AXOGEN shall have the right to reject any Product supplied that does not meet the Product Specifications (“Nonconforming Product”) by delivering written notice of such Nonconforming
Product within a reasonable time frame agreed by the parties. If such Nonconforming Product is (a) caused by the negligence or misconduct of LIFENET HEALTH or (b) failure of LIFENET HEALTH to follow AXOGEN’s
Processing standards or applicable laws, LIFENET HEALTH shall reduce proportionally the fee per batch; for example, if ten percent (10%) of the batch was determined to be Nonconforming Product, if as a result of either 5(a) or 5(b), the
fee per batch would be reduced by ten percent (10%). A batch is equal to one donor.
AXOGEN shall provide a
minimum number of donors for Processing, and LIFENET HEALTH shall Process such minimum number of donors in each 12-month period beginning upon the effective date of the debridement processing arrangement between AXOGEN and LIFENET
HEALTH, in accordance with the batch schedule provided in Appendix A and as the same may be amended by the parties in writing from time to time. In the event LIFENET HEALTH receives less than the number of donors provided for in a given
period as contained in Appendix A, a minimum charge equal to the amount determined by subtracting the amount of donors provided from such minimum number of donors, multiplied by the fee in Appendix B, shall constitute the minimum fee due to
LIFENET HEALTH for such
|
|
|
| LIFENET HEALTH Initials and Date: GB
2/26/08 |
|
AXOGEN Initials and Date: JMG
2/27/08 |
period. LIFENET HEALTH shall notify AXOGEN in writing 180 days in advance if it will not be able to
Process on the schedule agreed by the parties. In such case, the minimums for that 12-month period will not apply.
AXOGEN shall ship nerve
tissue to LIFENET HEALTH for Processing in the manner agreed to by the parties and in accordance with all applicable state, federal, local or transportation carrier rules and regulations.
LIFENET HEALTH shall package all Product in a manner specified by AXOGEN in AXOGEN created SOPs governing packaging and revised from
time to time by AXOGEN and LIFENET HEALTH on an ongoing basis and incorporated herein and in accordance with all applicable federal, state and local regulations and in accordance with the Standards for Tissue Banking of the AATB.
LIFENET HEALTH shall return all Product to AXOGEN in a manner that complies with all transportation carrier, federal, state, and local regulations, and in a manner specified by AXOGEN in AXOGEN created SOPs governing
shipping and revised from time to time by AXOGEN and LIFENET HEALTH.
LIFENET HEALTH shall not be responsible for any
financial losses of AXOGEN for nerve tissue or Product that is lost, damaged or otherwise rendered useless in transit (to LIFENET HEALTH or from LIFENET HEALTH) except where such loss is due to the negligence or willful
misconduct of LIFENET HEALTH.
AXOGEN shall pay all invoices for services rendered by LIFENET HEALTH within 30 days of the date on each invoice.
LIFENET HEALTH shall have the right to impose a charge of 1 1/2% per month on the undisputed unpaid balance of any past due amount owed by AXOGEN and the right to refuse to respond to future requests issued by AXOGEN until all such undisputed past due
amounts have been paid in full.
AXOGEN shall pay for
Processing services in accordance with the fee schedule provided in Appendix B.
AXOGEN is responsible for all shipping fees to and
from LIFENET HEALTH and accordingly, shall provide LIFENET HEALTH with its transportation carrier account number. LIFENET HEALTH will direct transportation carrier to insure shipments of Product as specified by AXOGEN.
LIFENET HEALTH does
not guarantee or warrant the performance of services under this Agreement except as provided in this Section 10 and Section 11. LIFENET HEALTH shall not be responsible for any loss or damage arising out of defective performance of
services unless attributable to LIFENET HEALTH’S negligence or willful misconduct. LIFENET HEALTH shall not be liable for any indirect, incidental, consequential or special damages resulting to AXOGEN from the operation of
this Agreement except in respect of a breach of Section 12 herein.
LIFENET HEALTH shall make its best efforts to maximize the
amount and/or type of nerve tissue grafts that can or will be used for Processing from a single nerve tissue donor based on AXOGEN Specifications. Except as defined in this Agreement in regards to the stipulations of Nonconforming Product in
Section 5, LIFENET HEALTH shall not be liable or responsible to AXOGEN, its customers, or patients for being unable to perform any services in the
manner requested or at the time specified, but shall use its best efforts to achieve complete services in the time requested by AXOGEN.
LIFENET HEALTH and
AXOGEN will comply with all applicable standards of procedure and operation required by the AATB and all applicable federal and state regulatory requirements throughout the term of this Agreement. LIFENET HEALTH will update its federal
and state registrations/licenses to include the processing of nerve tissue. The warranties in Section 10 and Section 11 are LIFENET HEALTH’S only warranties with respect to the provision of Processing services and Product, and
they are exclusive and in lieu of all other warranties whether oral or written.
| 12. |
CONFIDENTIAL INFORMATION |
Neither party
(“Receiving Party”) shall use in any way other than as required for the proper performance of its obligations under this Agreement and shall not disclose to any third party any information given to it by the other party (“Disclosing
Party”) or otherwise acquired by a Receiving Party relating to the Disclosing Party’s nerve tissue grafts, processes (and in the case of AXOGEN as the Disclosing Party, including but not limited to the Process), plans, records,
techniques, procedures, customers, trade secrets or general business operations. Any information that a Receiving Party legally possessed prior to disclosure to it by the Disclosing Party’s representative, which is lawfully published or which
otherwise lawfully becomes a part of general knowledge from sources other than Receiving Party shall not be subject to the restrictions of this Section 12. The obligations under this Section 12 shall survive any expiration or termination
of this Agreement. In addition to the forgoing terms of this Section 12, all information disclosed by the Disclosing Party to the Receiving Party in advance of the Effective Date pursuant to the Confidentiality Agreement (the “CDA”)
by and between AXOGEN and LIFENET HEALTH, dated September 20, 2007, or the Original Agreement is hereby subject to this Agreement, including, without limitation, this Section 12. All information generated by LIFENET
HEALTH in performing the services hereunder or related to the Process shall be the information of AXOGEN subject to the confidentiality and nonuse obligations herein.
| 13. |
INTELLECTUAL PROPERTY |
LIFENET HEALTH
acknowledges and agrees that AXOGEN’S Process and all methods, practices and works related thereto, whether or not patentable, and any applicable patents relating thereto or arising therefrom, are intellectual property owned solely
by AXOGEN (“AXOGEN Intellectual Property”). In the event that during the term of this AGREEMENT, an employee(s), or contract worker(s) of LIFENET HEALTH alone conceives of an improvement, invention or discovery solely
relating to LIFENET HEALTH proprietary technology, such improvement, invention, or discovery, and any corresponding proprietary rights throughout the world (“LIFENET Technology”), shall be the property of LIFENET
HEALTH. AXOGEN shall have a royalty free, non-exclusive right to practice and use any such LIFENET HEALTH Technology as it pertains to Processing whether or not covered by any claim of any patent that may issue under the terms of
this Article VII. In the event that during the term of this AGREEMENT, an employee(s), and/or contract worker(s) of LIFENET HEALTH or AXOGEN or both jointly conceive of an improvement, invention or discovery, and any corresponding
proprietary rights throughout the world, other than LIFENET HEALTH Technology (a) relating to AXOGEN Intellectual Property or (b) during the performance of the services hereunder (“AXOGEN Technology”), such
AXOGEN Technology shall be the property of AXOGEN. LIFENET HEALTH shall have no right to use the AXOGEN Intellectual Property and AXOGEN Technology except in its performance of this Agreement. LIFENET HEALTH shall,
and shall cause LIFENET HEALTH personnel to, keep appropriate records of the work done pursuant to this Agreement, including
|
|
|
| LIFENET HEALTH Initials and Date: GB
2/26/08 |
|
AXOGEN Initials and Date: JMG
2/27/08 |
laboratory notebooks or batch records, sufficient to properly document the results of such work and otherwise sufficient to determine identity and dates of inventorship of any new AXOGEN
Intellectual Property or AXOGEN Technology; and shall make such records available to AXOGEN upon reasonable notice during LIFENET HEALTH normal business hours.
No announcement, news
release, public statement, publication, or presentation relating to the existence of this Agreement, the subject matter herein, or either party’s performance hereunder (collectively, a “Publication”) will be made by a party without
the other party’s prior written approval whether during or after the termination of this Agreement, except as required by law. Each party agrees to submit each Publication it proposes to make to the other party for purposes of such other
party’s review, comment and approval. Each party further agrees to respond as promptly as reasonably practicable and likewise agrees that it will not unreasonably withhold approval of such Publication. The parties agree that they will use
reasonable efforts to coordinate the initial announcement or press release relating to the existence of this Agreement so that such initial announcement or press release by each is made contemporaneously.
AXOGEN shall
indemnify and hold harmless LIFENET HEALTH, its agents, its officers, trustees and employees from and against all third party claims, damages, suits, liabilities, costs, charges, demands, losses and other expenses (including, but not limited
to, attorneys’ fees) attributable to bodily injury, sickness, disease or death or to injury or destruction of tangible property (“Losses”) arising out of or resulting in whole or in part from any act or omission of AXOGEN, its
employees or any other party acting under AXOGEN’S supervision or control, provided, however, that the foregoing indemnification obligations shall not apply to the extent that such Losses are caused by action or omission to act of
LIFENET HEALTH for which LIFENET HEALTH is required to indemnify AXOGEN under the paragraph below.
LIFENET HEALTH
shall indemnify and hold harmless AXOGEN, its agents, its officers, trustees and employees from and against all Losses arising out of LIFENET HEALTH’S failure to perform in accordance with its obligations under the terms of this
Agreement or the negligence or willful misconduct of LIFENET HEALTH.
Each party shall
each maintain in force during the term of this Agreement professional liability insurance coverage under a policy or policies issued by a carrier satisfactory to the other party with minimum limits of five million United States dollars ($5,000,000
U.S.), and no more than a fifty thousand United State dollars ($50,000 U.S.) deductible. Each party shall provide the other with a certificate(s) of insurance suitable to the other party which state that the above required coverage is in full force
and effect and will remain in effect throughout the term of this Agreement unless the carrier provides not less than sixty (60) days prior written notice of expiration or cancellation to both the insured party and the party to whom such
certificate is issued.
Performance under this
Agreement may be delayed by a party, and the other party shall not be held in breach of any of its obligations under this Agreement or be liable for damages resulting from such delay if such delay is due to acts of God, acts of civil or
military authority, fires, floods, labor troubles, unavailability of transportation, epidemics, war or riot.
This Agreement
shall be effective as of the Effective Date and shall remain in effect for twenty-four (24) months. Following the initial term of twenty-four (24) months, this Agreement shall automatically renew for additional terms of one (1) year
unless written notice of termination is received by one party from the other party at least one hundred eighty (180) days prior to any such automatic renewal.
Either party may terminate this Agreement, in the event the other party has committed a material breach by giving the alleged breaching party 60 days to cure the breach. This Agreement is subject to
immediate termination for failure to maintain the required insurance coverage under Section 15 or for becoming insolvent or filing bankruptcy.
Termination shall not release or affect, and this Agreement shall remain fully operative as to, any obligations or liabilities incurred by AXOGEN prior to the effective date of such termination;
provided that all indebtedness of AXOGEN to LIFENET HEALTH of any kind shall become immediately due and payable on the effective date of termination, and LIFENET HEALTH may deduct from any sums its owes to AXOGEN any sums
owed by AXOGEN to LIFENET HEALTH.
Termination of this Agreement shall not terminate any provision of this Agreement intended to
survive termination, including but not limited to Sections 10 and 12.
| A. |
This Agreement and the Appendices attached hereto constitute the entire agreement between the parties and supersedes any and all other oral or written agreements or
understandings regarding this arrangement, including, without limitation, the Original Agreement. This Agreement may not be amended except by a written document signed by both parties. |
| B. |
All notices required or desired to be given under this Agreement shall be deemed delivered when deposited in U.S. Certified Mail, return receipt requested, postage
prepaid, addressed to the recipient at the address indicated in the signature page of this Agreement or at such other address as the recipient may hereafter provide to the other party hereto. Any such notice shall be deemed to be delivered two
(2) days after such notification is deposited in the U.S. Mail, certified, postage prepaid, or upon the hand delivery of such notice, as the case may be. |
| C. |
Each party shall, as and when required by the other party, do all acts and execute all documents as may be reasonably necessary to give effect to the provisions of this
Agreement. |
| D. |
This Agreement and the performance of any services hereunder shall be governed by and construed in accordance with the laws of the State of Delaware excluding its
conflict of laws provisions. |
| E. |
Neither Party shall assign nor transfer this Agreement or any interest, right or obligation hereunder without the prior written consent of the other party, which
consent shall not be unreasonably withheld. |
| F. |
All agreements and covenants of this Agreement are severable, and if any are declared invalid by a competent court, this Agreement shall be interpreted as if the
invalid agreement or covenant were not contained in this Agreement, and all remaining covenants and provisions of this Agreement shall remain in full force and effect. |
| G. |
Neither party shall be deemed the drafter of this Agreement and the interpretation of any ambiguity construed in this Agreement will not be affected by claims that a
particular party drafted any portion hereof. |
| H. |
The waiver of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach by any party. |
END OF TERMS AND CONDITIONS
|
|
|
| LIFENET HEALTH Initials and Date: GB
2/26/08 |
|
AXOGEN Initials and Date: JMG
2/27/08 |
APPENDIX A
BATCH SCHEDULE
[**]
| ** |
Certain information in this exhibit has been omitted and will be filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment
Request. |
|
|
|
| LIFENET HEALTH Initials and Date: GB
2/26/08 |
|
AXOGEN Initials and Date: JMG
2/27/08 |
APPENDIX B
FEE SCHEDULE
| 1) |
The fee for providing services to Process nerve tissue into Product according to AXOGEN Specifications, but not including [**], will be determined on [**].
|
| |
Upon successful implementation of a revised AXOGEN SOP for a process improvement that materially reduces [**], the base fee will be reduced [**].
|
| |
Any process changes involving material changes in technical methods, supplies, equipment or product quality requirements will be subject to mutually agreed upon
incremental adjustments. |
| ** |
Certain information in this exhibit has been omitted and will be filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment
Request. |
|
|
|
| LIFENET HEALTH Initials and Date: GB
2/26/08 |
|
AXOGEN Initials and Date: JMG
2/27/08 |
APPENDIX C
CONFIDENTIALITY AGREEMENT
[See Attached]
|
|
|
| LIFENET HEALTH Initials and Date: GB
2/26/08 |
|
AXOGEN Initials and Date: JMG
2/27/08 |
AXOGEN, INC
CONFIDENTIALITY AGREEMENT
This Agreement is made this 20th day of September, 2007
(“Effective Date”) by and between Axogen, Inc. with an address at 00000 Xxxxxxxx Xxxx., Xxx. 000, Xxxxxxx, XX 00000 (“the Company”) and LifeNet Health (“LifeNet”), with an address at 0000 Xxxxxxx Xxxxx, Xxxxxxxx
Xxxxx, XX 00000.
Whereas, the Company and LifeNet wish to discuss together a possible business relationship involving the
Company and LifeNet where LifeNet recovers tissue from qualified donors for the Company and where LifeNet provides space and/or personnel to process tissue for the Company according to Company’s propriety process.
Whereas, this may involve the exchange of confidential information from one party to the other, the parties agree that their confidential
information shall be disclosed using the following terms and conditions:
1. Definition. For the purposes of this
Agreement, the term “Confidential Information” shall mean without limitation, ideas, concepts, plans, designs, marketing techniques, sales techniques, forecasts, products, technology, methods, procedures, pricing, costs, cost reports,
customer prospects, designs, computer systems, passwords, computer software, procedures, methods, formulae, financial statements, assets, liabilities, revenues, business methods, marketing information, marketing methods, acquisition plans, contract
terms, contract negotiations, compensation information, structures and plans, employee responsibilities and duties, copyright, trademark and patent applications, all business and technical information, data, know-how, costs, projections, samples,
revenue projections, business plans, clinical protocols, formulae or other information which are owned or are in the possession of one or more of the parties to this Agreement, disclosed by one or more of the parties to the other, directly or
indirectly, in writing or orally.
2. Non-Disclosure of Confidential Information. This Agreement will apply to all
Confidential Information disclosed from one party (the “Disclosing Party”) to the other (the “Recipient”), as of the Effective Date of this Agreement as set forth above. Each party agrees not to use the Information received for
any purpose other than the Discussion Purpose. The Recipient shall limit disclosure of the Confidential Information to its employees, officers, directors, affiliates and consultants with a bona fide need to know, but only to the extent
necessary to carry out the Discussion Purpose. All such individuals previously shall have entered into a Confidentiality Agreement with the Recipient or otherwise be bound under terms at least as restrictive as those contained herein. The Recipient
of the Confidential Information shall hold it in strict confidence and shall take all reasonable efforts to prevent disclosure of such Information to persons outside of its own organization and unauthorized use for a period of seven (7) years,
except, the Recipient shall not be liable for use or for disclosure to others of Information that:
(a) is or subsequently
becomes part of the public domain through no fault of the Recipient of the Information;
-8-
(b) is received from a third party under no obligation of confidentiality to the Disclosing
Party and who has a lawful right to disclose the Information;
(c) was known by the Recipient prior to the time of first
disclosure by the Disclosing Party, as demonstrated by written documentation;
(d) is independently developed by the Recipient
without the aid, application or use of such Confidential Information, as demonstrated by written documentation;
(e) is
required to be disclosed by law, or pursuant to the direction of a court or government agency, provided the Recipient provides the Disclosing Party with prior written notice of the requirement and permits discussion between the parties with the
objective of lawfully limiting the Confidential Information required to be disclosed.
3. Return of Materials. Any
materials or documents of one party which are furnished to the other party will be promptly returned to the Disclosing Party, accompanied by all copies of such documentation made by the Recipient, at the Disclosing Party’s request, except that
one copy of any written information may be retained by the Receiving Party in legal archives.
4. Miscellaneous.
(i) This Agreement is binding upon and for the benefit of the parties, and the right to the Confidential Information granted to the Recipient may not be assigned; (ii) This Agreement shall not be construed to grant any license or other
rights except as specified herein; (iii) Each Disclosing Party warrants that it believes that (a) it is the owner or licensee of its Confidential Information or otherwise has the right to disclose such Confidential Information in its
possession and (b) it has the right to enter into the Agreement without any breach of its obligations to others; (iv) Each Disclosing Party makes no other warranty relating to the Confidential Information and the use to be made thereof by
the Recipient and disclaims all implied warranties; (v) The parties agree that the disclosure of Confidential Information by a Recipient without the Disclosing Party’s written permission may cause the Disclosing Party irreparable harm and
that any breach of this Agreement may entitle a party injunctive relief, in addition to any other legal remedies available to it, in any court of competent jurisdiction; (vi) This document may be executed in counterparts and delivered by
facsimile transmission; (vii) Any amendment to this Agreement shall be in writing and signed by an authorized representative of the parties; (viii) Any dispute arising under this Agreement shall be governed by the laws of the State of
Florida; (ix) This agreement shall have a seven (7) year term beginning on the Effective Date. Those provisions of this Agreement that, by their language, are intended to survive termination of this Agreement shall so survive.
|
|
|
| NAME |
|
AXOGEN, INC. |
|
|
| By: /s/ Xxx Xxxxx |
|
By: /s/ Xxxx X. Xxxxxx |
|
|
| Print Name: Xxx Xxxxx |
|
Print Name: Xxxx X. Xxxxxx |
|
|
| Title: VP of Tissue Operations |
|
Title: Vice President |
-9-
