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EXHIBIT 10.3
COLLATERAL LICENSE AGREEMENT
This agreement is made and entered into as of the 1st day of July,
1996, by and between GeneLink, Inc., a Corporation of the Common wealth of
Pennsylvania, having a place of business at Margate, New Jersey (hereinafter
"Genelink"); and university of North Texas Health Science Center having a place
of business at 00 Xxxx Xxxxx Xxxx., Xxxx Xxxxx, Xxxxx 00000 (hereinafter
"USTHSC").
W I T N E S S E T H
Whereas, Genelink and UNTHSC have entered into a technology agreement
which was effective as of April 1, 1996 and has a termination date of March 31,
2001;
Genelink is owner of U.S. Patent Application Serial No. 08/558,840
entitled "Non-Invasive Identification System" (hereinafter "Patent
Application");
Accordingly, in consideration of one dollar ($1.00) and other valuable
consideration the parties agree as follows:
1. Subject to the terms and conditions set forth in the aforesaid
agreement dated April 1, 1996, Genelink grants UNTHSC a royalty free
non-exclusive license under the Patent Application.
2. This license shall be for the term of the technology agreement and
subject to termination upon the same conditions set therein.
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IN WITNESS WHEREOF, the parties have caused this License Agreement to
be executed all as of the day and year first above written.
Attest: /s/ Xxxxx Xxxxx UNIVERSITY OF NORTH TEXAS
----------------------- HEALTH SCIENCE CENTER
Xxxxx Xxxxx
July 8, 1996
By: /s/ Xxxxx X. Xxxxxxxx, D.O.
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Xxxxx X. Xxxxxxxx, D.O.
President
Attest: /s/ Xx. Xxxxxx X. Xxxxxxxxx GENELINK, INC.
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Xx. Xxxxxx X. Xxxxxxxxx
May 30, 1996
By: /s/ Xxxx X. XxXxxxxxxx
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Xxxx X. XxXxxxxxxx
President
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