EXHIBIT 10.2

DEVELOPMENT, LICENSE & OPTION AGREEMENT

This Development, License & Option Agreement (the “Agreement”), dated November
3,  2014 (the “Effective Date”) is made by and among AxoGen, Corporation, a
Delaware corporation with an address of  13631 Progress Blvd., Suite 400,
Alachua, FL 32615 (“AxoGen”),  Sensory Management Services LLC (“SMS”), a
limited liability company with an address of 10 Luce Del Sol,  Unit 3,
 Henderson, Nevada 89011, AxoGen and SMS herein referred to each as a “Party”
and collectively, the “Parties”.

R E C I T A L S

WHEREAS, SMS has developed a proprietary pressure-specified sensory device,
DIGI-Grip and Pinch device  (collectively “PSSD”);

WHEREAS, AxoGen and SMS wish to enter into a development license and option
agreement for AxoGen to validate and commercialize an updated PSSD (Next
Generation PSSD) and SMS to grant AxoGen a license under the Licensed
Technology, as defined below, to make, to develop and commercialize such Next
Generation PSSD product; and

WHEREAS, SMS wishes to grant to AxoGen, and AxoGen wishes to obtain, an option
for AxoGen to purchase assets relating to its existing proprietary PSSD.

NOW, THEREFORE, in consideration of the mutual covenants set forth in this
Agreement, AxoGen and SMS, intending to be legally bound, hereby agree as
follows:

Article I.

DEFINITIONS

Unless specifically set forth to the contrary herein, the following terms,
whether used in the singular or plural, shall have the respective meanings set
forth below:

“Affiliate” shall mean (a) any corporation or business entity of which fifty
percent (50%) (or the maximum ownership interest permitted by law) or more of
the securities or other ownership interests representing the equity, the voting
stock or general partnership or membership interest are owned, controlled or
held, directly or indirectly, by AxoGen or SMS, as applicable; (b) any
corporation or business entity which, directly or indirectly, owns, controls or
holds fifty percent (50%) (or the maximum ownership interest permitted by law)
or more of the securities or other ownership interests representing the equity,
the voting stock or general partnership or membership interest, of AxoGen or
SMS, as applicable; (c) any corporation or business entity of which fifty
percent (50%) or more of the securities or other ownership interests
representing the equity, the voting stock or general partnership or membership
interest are owned, controlled or held, directly or indirectly, by a corporation
or business entity described in (a) or (b); and (d) possession, directly or
indirectly, of the power to direct or cause the direction of management or
policies of the entity in question (whether through ownership of securities or
other ownership interests, by contract or otherwise).

“Applicable Laws” shall mean the applicable laws, rules, regulations, guidelines
or other requirements of any governmental authority and Regulatory Authority,
that may be in effect from time to time in the Territory.

“Assets” shall mean the Existing Product, Licensed Technology, Tangible Assets
and Existing Product Regulatory Approvals. 

“Calendar Quarter”  shall mean any period of three (3) consecutive calendar
months ending on March 31, June 30, September 30 or December 31.

“Calendar Year” shall mean a period of twelve consecutive (12) months commencing
on January 1 and ending on December 31.

“Control”  shall mean, when used in relation to an intellectual or other
property right, the right of one Party to license or transfer such intellectual
or other property right to the other Party without breaching any agreement or
obligations to any other Third Party.

“Development Activities” shall mean any and all processes and activities
conducted in researching, optimizing, developing and/or seeking, and obtaining
Regulatory Approvals for the Existing Product or Next Generation Product.
“Develop” and “Developing” shall have their correlative meanings. 

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“Existing Product” shall mean SMS’ existing proprietary PSSD device, including
sensory measurement device, box, DIGIT-grip device, and Pinch device and
including touch screen, laptop and PDA versions of such PSSD device, as
described on Exhibit B. 

“FDA” shall mean the United States Food and Drug Administration or any successor
regulatory agency.

“Licensed Technology” shall mean all of the following: (a) the Patent Rights and
(b) all SMS Know-How.

“Net Sales” shall mean, for any time period, the total of all invoiced gross
sales in that time period by AxoGen or by an Affiliate of AxoGen, for Next
Generation Products sold by AxoGen, an Affiliate of AxoGen, or a sublicensee of
AxoGen to arm’s length purchasers (but excluding sales by AxoGen to an Affiliate
or sublicensee for resale to such purchasers), net of, where applicable:

(a)

discounts, credits, allowances and adjustments granted to non-sublicensee Third
Parties consistent with AxoGen’s usual course of dealing for its products other
than the Existing Product (including, without limitation, government mandated
and managed healthcare negotiated rebates and distributors’, wholesalers’ or
trade discounts or rebates, and rebates for distribution services);

(b)

price adjustments to customers’ inventories;

(c)

charge-backs or rebates actually allowed and taken on such sales in such amounts
as are customary in the trade and are specifically related to the Existing
Product (excluding cash discounts, except for normal trade discounts for early
payment of invoices);

(d)

free goods, including without limitation promotional samples;

(e)

import and customs duties and taxes including sales, excise, turnover,
inventory, value-added, and similar taxes assessed on the sale of the Existing
Product (but excluding income taxes) to the extent separately included in the
amount billed;

(f)

other payments required by law to be made under Medicaid, Medicare or other
government special medical assistance programs;

(g)

transportation charges and insurance that are separately itemized;

(h)

credits or allowances for Existing Product returns and rejected Existing
Product;

(i)

amounts repaid, credited or written off by reason of uncollectible debt,
rejections, recalls, billing errors and returns; and

(j)

other allowances (including third party royalties) actually given by AxoGen or
an Affiliate of AxoGen to Third Parties.

 “Next Generation Product” shall mean the PSSD product validated and updated by
AxoGen pursuant to this agreement representing changes made to the Existing
Product by AxoGen and its suppliers.  

“Patent Rights” shall mean the patent and patent applications, if any, including
those that have expired (a) Controlled or previously controlled by SMS (or any
of its Affiliates) as of the Effective Date or at any time thereafter relating
to Existing Product, and (b) necessary or useful for the development,
manufacture or commercialization of the Next Generation Product, including: (i)
the patents and patent applications set forth on Exhibit C; (ii) any divisions,
continuations, continuations-in-part, reissues, re-examinations, renewals,
extensions, supplementary protection certificates, and the like of any patent
and patent applications set forth in subsection (i), and (c) foreign equivalents
of subsections (i) and (ii). 

“Regulatory Approval” shall mean the permission or consent granted by any
relevant Regulatory Authority for the commercialization of the Existing Product
and/or Next Generation Product.

“Regulatory Authority”  shall mean any applicable government regulatory
authority involved in granting approvals for the development, manufacture and
commercialization of the Existing Product and Next Generation Product, including
without limitation, in the United States, the FDA, and any successor government
authority having substantially the same function, and foreign equivalents
thereof.

“SMS Know-How” shall mean all information and materials (including but not
limited to, discoveries, improvements, processes, copyrights (whether or not
registered), computer software,  proprietary reference data bases, customers
lists, design history files including all change documentation and graphical
user interface designs, data, inventions, know-how

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and trade secrets, patentable or otherwise) relating to the Licensed Technology
and to the Existing Product, which at the Effective Date or during the term of
this Agreement: (a) are in the possession or Control of SMS or any of its
Affiliates, (b) were not provided by AxoGen or an Affiliate of AxoGen, (c) are
not generally known outside SMS and (d) are necessary or useful to AxoGen in
connection with the development, manufacture or commercialization of an Existing
Product and/or Next Generation Product. 

“Tangible Assets” shall mean all tangible assets related to the Existing
Product, including, but not limited to the assets on Exhibit A.  

 “Third Party” shall mean any person or entity that is not a Party or an
Affiliate of a Party.

Other Definitions.  The following definitions have the meanings ascribed to them
in the corresponding Section:

 

 

Definition

Section

Agreement

Introduction

AxoGen

Introduction

AxoGen Indemnitees

9.01

Confidential Information

8.01

Deferred Purchase Price

5.02

Disclosing Party

8.01

Effective Date

Introduction

Exercise Fee

5.02

Inventions

6.01

Milestone

5.01

Notice Period

10.04

Option

3.02(a)

Option Term

3.02(b)

Party(ies)

Introduction

PSSD

Recitals

Quarterly Payment

5.02

Receiving Party

8.01

SMS

Introduction

SMS Indemnitees

9.03

Article II.

DEVELOPMENT & COMMERCIALIZATION

Section 2.01  Development.  AxoGen shall conduct the Development Activities to
develop a Next Generation Product. 

Section 2.02  Development Costs.  All costs relating to development shall be the
responsibility of AxoGen. 

Section 2.03  Product Permits and Licenses.  SMS shall obtain and maintain the
necessary licenses and permits for sale of the Existing Product. AxoGen shall
obtain and maintain the necessary licenses and permits for development,
manufacture, testing, storage and commercialization of the Next Generation
Product as required under this Agreement.

Article III.

GRANT OF RIGHTS

Section 3.01  License Grant from SMS to AxoGen.  Subject to the terms and
conditions of this Agreement, during the Term of this Agreement, SMS hereby
grants to AxoGen and its Affiliates,  subject to the license to be provided in
Section 3.02 (c), an exclusive, irrevocable, perpetual, world-wide right and
license with the right to grant sublicenses in the Licensed Technology and
Existing Product, to develop, make, have made and use the Next Generation
Product.

Section 3.02  Option. 

(a)

 Grant to AxoGen.  Subject to the terms and conditions of this Agreement, during
the Option Term of this Agreement, SMS hereby grants to Company an exclusive
option to purchase the Assets (the “Option”).

(b)

 Exercise of Option.  AxoGen may exercise the Option any time from the Effective
Date until April 1, 2016 (“Option Term”) by providing written notice to SMS
(“Exercise Notice”).  Within thirty (30) days of SMS

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receiving such Exercise Notice, SMS shall execute any and all documents to
effectuate the transfer of the Assets to AxoGen, including but not limited to,
executing, and causing any of its employees or Affiliates to execute assignment
and assumption agreements. 

(c)

 Warranty on Existing Product. AxoGen will have no responsibility for service
and warranty on Existing Products either prior to or after exercise of the
Option and is not responsible, and assumes no obligation, for any liabilities of
SMS or its Affiliates.

Section 3.03  Option Payment No Implied License.  Each Party acknowledges that
the rights granted in this Agreement are limited to the terms and agreements
expressly granted and provided in this Agreement.  Accordingly, except for the
rights expressly granted under this Agreement, no right, title, or interest of
any nature whatsoever is granted whether by implication, estoppel, reliance, or
otherwise, by either Party to the other Party.

Section 3.04  Claw Back of Assets After Option Exercise. During a period of 5
years from the exercise of the Option, if AxoGen does not continue to diligently
pursue the commercialization, or once commercialized, the sale of Next
Generation Products, SMS may demand, in its reasonable discretion,  the return
of the Assets, any Existing Products held by AxoGen and revocation of all
licenses provided to AxoGen herein.  Upon SMS’s notice of revocation to AxoGen,
AxoGen must return the Assets and Existing Products to SMS within 60 days. 
After an effective revocation neither party will have any obligation to the
other party as a result of this Agreement, except the return of Assets and
Existing Product as provided in this Section 3.04.

Article IV.

REGULATORY

Section 4.01  SMS Data Technology Transfer.  At the reasonable request of
AxoGen, anytime after the Effective Date, SMS shall transfer, at no cost to
AxoGen, except for costs AxoGen will pay associated with the physical transfer
of any items both to receive such items or to send them back in the event the
Option is not exercised or a revocation occurs pursuant to Section 3.04, all SMS
Know-How that exists in written or electronic form.  SMS shall provide to AxoGen
all information required for AxoGen to update a design history file or update an
existing Regulatory Filing or complete a new Regulatory Filing for the Next
Generation Product. 

Article V.

PAYMENTS

Section 5.01  Milestone and Other Payments to SMS.    

(a)

 Milestone Payments.  In partial consideration for the license to Licensed
Technology and Option granted to AxoGen under Article 3, AxoGen shall pay SMS
the following amounts after the first achievement by AxoGen, its Affiliates or
sublicensees, as the case may be, of each of the following milestones with
respect to the Next Generation Product (each, a “Milestone”): 

 

 

    

 

Milestone

    

Amounts (US dollars)

 

Next Generation Product receives a reimbursement code from a Regulatory
Authority in the United States

 

$

100,000.00 

 

Issuance of a Next Generation Product Patent that was originally approved by
AxoGen for filing. 

 

$

25,000.00 

 

Total of Potential Milestones

 

$

125,000.00  

 

 

provided that:

(i)

No Milestone payment shall be paid more than one time irrespective of the number
of the Next Generation Products Developed;

(ii)

Payment shall not be owed for a Milestone that is not achieved; and

(iii)

Milestone payments shall be payable by AxoGen to SMS within forty-five (45)
calendar days after achievement of the Milestone.

(b)

Other Payments.  The Next Generation Product Patent as provided in Section 5.01
(a) provides for an instrument for use initially in the areas of acute nerve
injury/regeneration in the upper or lower extremity,

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chronic nerve compression such as carpal tunnel syndrome and tarsal tunnel
syndrome, and neuropathy related to chemotherapy, diabetes and unknown etiology,
and its treatment as it relates to individual patients. If SMS or its Affiliates
provide to AxoGen in writing inventions or concepts which result in granted
patents to AxoGen outside of the Next Generation Product Patent, AxoGen will pay
SMS or its Affiliates $25,000 per patent granted without any cap as to the
maximum number of payments that may be made pursuant to this Section 5.01
(b).  Establishment of such payments hereby is to provide SMS and its Affiliates
the incentive to grow AxoGen’s product line and product usage beyond the New
Generation Product Patent.  Notwithstanding the forgoing, no payment will be
owed if AxoGen can provide proof in writing that it conceived of any invention
or concepts both (1) independently, without use or reference to information
provided by SMS or its Affiliates, and (2) prior to the written disclosure
provided by SMS or its Affiliates.  

Section 5.02  Purchase Price Upon Exercise of Option.  Upon AxoGen’s exercise of
the Option set forth in Section 3.01 and assignment of the Assets, AxoGen shall
pay SMS (a) fifteen thousand dollars ($15,000.00) to purchase the Assets
(“Exercise Fee”), (b) a fee equal to fifteen percent (15%) of Net Sales on the
Existing or Next Generation Product (“Deferred Purchase Price”) for a period of
10 years from the Option exercise date; (c) SMS actual out of pocket costs for
up to 5 Existing Products that they may have in inventory, such up to 5 Existing
Products being included in the Assets,  (d) AxoGen will provide SMS with one
Next Generation Product from the first twenty Next Generation Products produced,
and provide upgrades so long as the Deferred Purchase Price is being paid, at no
cost to SMS ;  and (d) AxoGen will assume the responsibility of deferred
payments owed to Cybernetic Research Laboratories, Inc. by SMS on the sale of
Existing Products to a maximum of $39,500 (it being agreed that such amount
prior to exercise of the Option will be reduced by $500 for every Existing
Product sold by SMS after the execution of this Agreement). 

Payment of the Deferred Purchase Price shall be made sixty (60) days after the
end of each Calendar Quarter on all Net Sales in the preceding quarter
(“Quarterly Payment”).  Each Quarterly Payment shall be accompanied by a report
detailing the total Net Sales for the preceding Calendar Quarter.

Section 5.03  Exempt Sales.  The Deferred Purchase Price shall not be payable
under Section 5.02 above with respect to sales of the Existing Product among
AxoGen, its Affiliates and sublicensees for resale to a Third Party.  In no
event shall AxoGen make payments to SMS hereunder with respect to the sale of
any Existing Product to its Affiliates or sublicensees.

Section 5.04  Currency and Manner of Payment.  Payments under this Agreement
shall be made in United States dollars.  All sums due to SMS under this
Agreement shall be payable in immediately available fund.    

Section 5.05  Tax Withholding.  Any tax, duty or other levy paid or required to
be withheld by AxoGen or its sublicensees on account of Deferred Purchase Price
or other payments payable to SMS under this Agreement shall be deducted from the
amount of Deferred Purchase Price or payments otherwise due, provided that
AxoGen shall make such deductions only to the minimum extent required by the
relevant jurisdiction.  AxoGen shall secure and send to SMS proof of any such
taxes, duties or other levies withheld and paid by AxoGen or its sublicensees
for the benefit of SMS, and cooperate at SMS’s reasonable request and expense to
ensure that amounts withheld are reduced to the fullest extent permitted by the
relevant jurisdiction.

Article VI.

INTELLECTUAL PROPERTY

Section 6.01  Ownership of Inventions. All inventions, discoveries, data, work
product, results and information (“Inventions”) conceived, generated, discovered
or made by any Party, its employees, agents and consultants in connection with
this Agreement, the Next Generation Product, use of the Licensed Technology
and/or Tangible Assets shall be owned by AxoGen.

Section 6.02  Disclosure of Patent Rights. SMS shall ensure that only those of
its and its Affiliate’s personnel or permitted sub-contractors who are necessary
to perform SMS’ obligations under this Agreement shall perform work under this
Agreement and have access to the Confidential Information of AxoGen.  SMS shall
require and ensure that all such personnel, prior to performing any work under
this Agreement, shall have: (a) been advised of SMS’ obligations of
confidentiality under this Agreement and have agreed in writing to
confidentiality obligations at least as strict as those applicable to SMS under
this Agreement; and (b) signed and delivered to SMS written agreements assigning
to SMS all Inventions, discoveries and works of authorship arising from or
related to work performed under this Agreement; each to the extent permitted by
applicable law.  For clarity, SMS shall require Affiliates to execute an
employee invention disclosure 

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and assignment agreement, and AxoGen shall be a third-party beneficiary to such
agreement.  SMS shall reasonably disclose to AxoGen in writing any and all
Inventions or improvements, whether patentable or not, made or conceived in
connection with, and all data and information arising from, this
Agreement.  Such disclosures of Inventions shall identify all inventors, the
date such Inventions were conceived, and shall describe such inventions in
sufficient detail to permit the other Party to evaluate the ownership, subject
matter and patentability of such Inventions.    

Section 6.03  Filing, Prosecution, Maintenance.    AxoGen shall have the sole
right, using in-house or outside legal counsel selected at AxoGen’s sole
discretion, to prepare, file, prosecute, maintain and extend patent applications
and patents concerning all Inventions.  

Section 6.04  Enforcement of Patent Rights.  In the event that a Party learns
that any of the Patent Rights are infringed or misappropriated by activities of
a Third Party, such Party shall promptly notify in writing the other Party
hereto.  AxoGen shall have the initial right (but not the obligation) to enforce
such Patent Rights and SMS agrees to join such proceeding, at AxoGen’s expense,
if required by law for AxoGen to bring such action.  AxoGen agrees to indemnify
SMS, its Affiliates and Luiann Greer and A. Lee Dellon for any expenses actually
and reasonably paid or incurred by SMS in connection with any action or
proceeding by AxoGen to enforce such Patent Rights, except for such actions or
proceedings that are a result of activity by such parties prior to the Effective
Date and not disclosed to AxoGen.  In the event AxoGen is required to provide
indemnification pursuant to the sentence immediately preceding this sentence,
SMS, its Affiliates and Luiann Greer and A. Lee Dellon shall have the right to
advancement by AxoGen of any and all expenses actually and reasonably paid or
incurred in connection with AxoGen’s enforcement of its Patent Rights. 

Section 6.05  Infringement Claims.  If the manufacture, sale, use or importation
of an Existing Product or Next Generation Product results in any claim, suit or
proceeding alleging patent infringement against SMS or AxoGen, such Party shall
promptly notify in writing the other Party hereto.  If AxoGen is named as a
party to such claim, suit or proceeding, or if AxoGen intervenes, at its own
expense and through counsel of its own choice, in any such claim, suit or
proceeding initiated against SMS (which intervention SMS will not oppose),
AxoGen shall have the right to control the defense and settlement of such claim,
suit or proceeding, at its own expense, using counsel of its own choice,
provided that SMS shall have the right to participate in the defense at its own
expense.  No Party shall enter into any agreement that makes any admission
regarding (a) wrongdoing on the part of the other Party, or (b) the invalidity,
unenforceability or infringement of any Patent Rights, without the prior written
consent of the other Party.  The Parties shall cooperate with each other in
connection with any such claim, suit or proceeding and shall keep each other
reasonably informed of all material developments in connection with any such
claim, suit or proceeding.

Article VII.

REPRESENTATIONS, WARRANTIES & COVENANTS

Section 7.01  Mutual Representations and Warranties.  Each Party warrants and
represents to the other that:

(a)

as of the Effective Date, it has the full right and authority to enter into this
Agreement;

(b)

as of the Effective Date, there are no existing or threatened actions, suits or
claims pending against it with respect to its right to enter into and perform
its obligations under this Agreement;

(c)

there is nothing in any Third Party agreement or understanding, written or oral,
entered into or agreed to by such Party as of the Effective Date, that, in any
way, will preclude such Party’s ability to perform all of the obligations
undertaken by it hereunder, and that it will not enter into any agreement after
the Effective Date under which such performance would be precluded;

(d)

it is not a party to any agreement or arrangement with any Third Party or under
any obligation or restriction agreement (including any outstanding order,
judgment or decree of any court or administrative agency) which in any way
limits or conflicts with its ability to fulfill any of its obligations under
this Agreement;  

(e)

this Agreement is a legal and valid obligation binding upon it and enforceable
in accordance with its terms.  The execution, delivery and performance of this
Agreement by such Party does not violate any law or regulation of any court,
governmental body or administrative or other agency having jurisdiction over it;
and

(f)

it has never been, is not currently, and, during the term of this Agreement,
will not become, a Debarred Entity, Excluded Entity or Convicted Entity.  The
Parties further warrant and represent that no Debarred Individual, Debarred
Entity, Excluded Individual, Excluded Entity, Convicted Individual or Convicted
Entity has performed

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or rendered, or will perform or render, any services or assistance on its behalf
relating to activities taken pursuant to this Agreement.

(iv)

A “Debarred Individual” is an individual who has been debarred by the FDA
pursuant to 21 U.S.C. §335a (a) or (b) from providing services in any capacity
to a person that has an approved or pending drug product application, or an
employer, employee or partner of a Debarred Individual;

(v)

A “Debarred Entity” is a corporation, partnership or association that has been
debarred by the FDA pursuant to 21 U.S.C. §335a (a) or (b) from submitting or
assisting in the submission of any abbreviated drug application, or an employee,
partner, shareholder, member, subsidiary or affiliate of a Debarred Entity;

(vi)

An “Excluded Individual” or “Excluded Entity” is (x) an individual or entity who
has been excluded, debarred, suspended or is otherwise ineligible to participate
in federal health care programs such as Medicare or Medicaid by the Office of
the Inspector General (OIG/HHS) of the U.S. Department of Health and Human
Services, or (y) is an individual or entity who has been excluded debarred,
suspended or is otherwise ineligible to participate in federal procurement and
non-procurement programs, including those produced by the U.S. General Services
Administration (GSA); and

(vii)

A “Convicted Individual” or “Convicted Entity” is an individual or entity who
has been convicted of a criminal offense that falls within the ambit of 42
U.S.C. §1320a – 7(a), but has not yet been excluded, debarred, suspended or
otherwise declared ineligible.

(g)

“Notwithstanding anything to the contrary in this Agreement, as a material part
of the consideration for this Agreement, AxoGen and SMS agree that AxoGen is
taking the Existing Product  "AS IS" with any and all latent and patent defects
and that there is no warranty by Seller that the Existing Product is fit for a
particular purpose. AxoGen acknowledges that it is not relying upon any
representation, statement or other assertion with respect to the Existing
Product condition, but is relying upon its own due diligence, including its own
examination of the Existing Product. AxoGen takes the Existing Product under the
express understanding there are no express or implied warranties (except for
limited warranties of title set above.)     

Section 7.02  SMS Representations, Warranties & Covenants.    SMS represents,
warrants and covenants to AxoGen that:

(a)

SMS owns all right, title and interest in and to the Assets;

(b)

SMS has not entered into any licensing or other agreement with any Third Party
in conflict with the rights granted to AxoGen hereby;

(c)

SMS has full control of the Licensed Technology and Assets, is entitled to grant
the rights, licenses and options granted under Article 3, and is not currently
subject to any Third Party agreement or to any outstanding order, judgment or
decree of any court or administrative agency that restricts it in any way from
using the Licensed Technology or Assets or from licensing, sublicensing or
assigning to AxoGen, any know-how or patent rights that would otherwise be
necessary or useful for the manufacture, development or commercialization of the
Next Generation Product;

(d)

there are no existing or threatened actions, suits or claims pending against SMS
with respect to the Existing Product, Assets and the Licensed Technology;

(e)

as of the Effective Date, SMS has not granted, and will not grant during the
term of this Agreement, any right, license or interest in or to the Licensed
Technology that is in conflict with the rights or licenses granted under this
Agreement, nor, as of the Effective Date, has it encumbered any Asset, SMS
Know-How and/or Patent Rights and SMS will not encumber any Asset, SMS
Know-How and/or Patent Rights;

(f)

the Licensed Technology licensed or sublicensed to AxoGen pursuant to this
Agreement has not been obtained by SMS or its Affiliates (or its or their
predecessors-in-interest) in violation of any contractual or fiduciary
obligation owed by any of them to a Third Party or by misappropriation of the
trade secrets of any Third Party;

(g)

the Patent Rights listed on Exhibit C list all Patent Rights SMS had relating to
the Licensed Technology.  To the best of SMS’s knowledge, the issued claims
under any issued Patent Rights were valid and in full force and effect;

(h)

SMS has no knowledge of any infringement by any Third Party of any of the
Licensed Technology as of the Effective Date;

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(i)

upon AxoGen’s exercise of the Option, SMS shall not, directly or indirectly,
make, use, or sell any Existing Product or any Next Generation Product to any
Third Party;

(j)

Except for the sale of Existing Product as provided herein prior to exercise of
the Option and allowance to distribute pursuant to Section 3.02(c),  during the
Term, SMS and its Affiliates will not distribute, sell, develop or advise others
regarding instruments, devices or products that could compete with the Existing
Product, Next Generation Product or any similar diagnostic product or device
developed by the Company. 

(k)

Approval necessary from all Regulatory Authorities and are legally adequate to
allow for its sales and distribution and is exactly as described in applicable
510(k) clearance letters, except as to any and all changes that have been made
to the device since any 510(k) was first released to market as provided in
Exhibit A;

(l)

any 510(k) applicable to the Existing Product has not been previously
transferred to another party;

(m)

has provide complete copies of applicable 510(k)s for the Existing Products
including correspondence between SMS and any of its Affiliates and FDA, all
letter to files concerning changes to labeling, components or design and the
design history file including all change documentation; and

(n)

has provided complaint files, reports of adverse events, removals and device
master records for the Existing Product.

Article VIII.

CONFIDENTIALITY AND EXCHANGE OF INFORMATION

Section 8.01  Confidential Information.  As used in this Agreement, the term
“Confidential Information” means, except as set forth in this Section 8.01, all
information that is secret, confidential or proprietary, whether provided in
written, oral, graphic, video, electronic or other form, provided pursuant to
this Agreement by a Party (the “Disclosing Party”) to the other Party (the
“Receiving Party”); provided that the Disclosing Party shall prominently mark
any such tangible or electronic documents as “Confidential” and shall identify
any such orally or visually disclosed information as “Confidential” at the time
of first disclosure to the Receiving Party and shall summarize such Confidential
Information in a writing delivered to Receiving Party within thirty (30) days
after such first disclosure.  Notwithstanding the foregoing sentence,
Confidential Information shall exclude any information or materials that:

(a)

was already known to the Receiving Party before receipt of such information
under this Agreement;

(b)

was or is independently developed by or for the Receiving Party without reliance
on information received from the other Party under this Agreement, as evidenced
by such Receiving Party’s written records;

(c)

is hereafter disclosed to the Receiving Party without restriction by a Third
Party having a legal right to make such disclosure; or

(d)

is or becomes part of the public domain through no breach of this Agreement by
the Receiving Party.

Section 8.02  Confidentiality Obligations.  During the term of this Agreement
and for seven (7) years thereafter, the Receiving Party shall exercise all
reasonable care to prevent the disclosure of Confidential Information received
from the Disclosing Party and shall not use or permit to be used such
Confidential Information for any purpose other than that expressly permitted
under this Agreement without the Disclosing Party’s prior written approval.  The
Receiving Party may disclose Confidential Information of the Disclosing Party to
the Receiving Party’s employees, consultants, contractors and Affiliates so long
as such persons agree in writing, before such disclosure, to abide by
non–disclosure obligations at least as strict as with those set forth in this
Article 8.

Section 8.03  Required Disclosures.  Nothing in this Agreement shall be
construed to restrict the Parties from disclosing Confidential Information as
required by law or court order or other governmental order or request, provided
in each case the Party requested to make such disclosure shall timely inform the
other Party and use all reasonable efforts to limit the disclosure and maintain
the confidentiality of such Confidential Information to the extent possible.  In
addition, the Party requested to make such disclosure will allow the other Party
to prevent or limit such disclosure by appropriate legal means.

Section 8.04  Public Announcements. No public announcement or other disclosure
to any Third Party concerning the existence of, terms, or subject matter of this
Agreement shall be made, either directly or indirectly, by any Party to this
Agreement, except as may be legally required or as may be required for recording
purposes, without first obtaining the approval of the other Party (not to be
unreasonably withheld) and agreement upon the nature and text of such
announcement or disclosure; provided,  however, that each Party shall be
entitled to disclose this Agreement or its terms (a) as required by law,
including without limitation any disclosure requirements imposed by a stock
exchange or securities regulatory agency 

8

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or CMS, and (b) to such Party’s financial, tax and legal advisors, and to
potential investors, corporate partners or acquirers, in each case provided that
such persons or entities have confidentiality obligations at least as stringent
as set forth in this Article 8.  The Party desiring to make any legally-required
public announcement or other disclosure (including those which may be required
for recording purposes) shall inform the other Party of the proposed
announcement or disclosure in reasonably sufficient time prior to public
release, which shall be at least ten (10) business days prior to release of such
proposed announcement or disclosure, and shall provide the other Party with a
written copy thereof, in order to allow such other Party to comment upon such
announcement or disclosure.  Each Party agrees that it shall cooperate fully
with the other with respect to all disclosures regarding this Agreement to the
Securities Exchange Commission and any other governmental or regulatory
agencies, including requests for confidential treatment of Confidential
Information of either Party included in any such disclosure. 

Section 8.05  Bankruptcy.  All Confidential Information disclosed by one Party
to the other Party shall remain the intellectual property of the Disclosing
Party.  In the event that a court or other legal or administrative tribunal,
directly or through an appointed master, trustee or receiver, assumes partial or
complete control over the assets of a Party to this Agreement based on the
insolvency or bankruptcy of such Party, the bankrupt or insolvent Party shall
promptly notify the court or other tribunal (a) that Confidential Information
received from the other Party under this Agreement remains the property of the
other Party, and (b) of the confidentiality obligations under this
Agreement.  In addition, the bankrupt or insolvent Party shall, to the extent
permitted by law, take all steps necessary or desirable to maintain the
confidentiality of the other Party’s Confidential Information and to ensure that
the court, other tribunal or appointee maintains such information in confidence
in accordance with the terms of this Agreement.

Article IX.

INDEMNIFICATION

Section 9.01  Indemnification of AxoGen.  SMS shall defend, indemnify and hold
harmless AxoGen and its Affiliates, and their respective directors, officers,
employees, agents and counsel, and the successors and assigns of the foregoing
(the “AxoGen Indemnitees”), from and against any and all liabilities, damages,
losses, costs or expenses (including reasonable attorneys’ and professional fees
and other expenses of litigation and/or arbitration) incurred in connection with
a claim, suit or proceeding brought by a Third Party against an AxoGen
Indemnitee, arising from or occurring as a result of: (a)  the failure by SMS to
take reasonable measures to obtain or maintain rights under the Licensed
Technology sufficient to grant AxoGen a license under Section 3.01 and an Option
under Section 3.02(a) of this Agreement; (b) SMS’ development, manufacture and
commercialization of the Existing Product, including all warranties and service
costs for the Existing Product prior to exercise of the Option,  or (c) SMS’s
material breach of any representation or warranty set forth in Section 7.01 or
7.02, except, in each case, to the extent caused by the negligence or willful
misconduct of a AxoGen Indemnitee.

Section 9.02  Procedure.  An AxoGen Indemnitee that intends to claim
indemnification under this Article 9 shall promptly notify SMS in writing of any
loss, claim, damage, liability or action in respect of which the AxoGen
Indemnitee or any of its Affiliates, sublicensees or their directors, officers,
employees, agents or counsel intend to claim such indemnification, and SMS shall
have the right to participate in, and, to the extent SMS so desires, to assume
the defense thereof with counsel of its own choice, subject to AxoGen’s approval
of such counsel, which approval may not be unreasonably withheld.  The indemnity
agreement in this Article 9 shall not apply to amounts paid in settlement of any
loss, claim, damage, liability or action if such settlement is made without the
consent of SMS, which consent shall not be withheld unreasonably.  The failure
to deliver written notice to SMS within a reasonable time after the commencement
of any such action, if materially prejudicial to its ability to defend such
action, shall relieve SMS of any liability to the AxoGen Indemnitee under this
Article 9.  At SMS’ request, the AxoGen Indemnitee under this Article 9, and its
employees and agents, shall cooperate fully with SMS and its legal
representatives in the investigation and defense of any action, claim or
liability covered by this indemnification and provide full information with
respect thereto.

Section 9.03  Indemnification of SMS.  AxoGen shall defend, indemnify and hold
harmless SMS and its Affiliates, and their respective directors, officers,
employees, agents and counsel, Luiann Greer and A. Lee Dellon, and the
successors and assigns of the foregoing (the “SMS Indemnitees”), from and
against any and all liabilities, damages, losses, costs or expenses (including
reasonable attorneys’ and professional fees and other expenses of litigation
and/or arbitration) incurred in connection with a claim, suit or proceeding
brought by a Third Party against a SMS Indemnitee, arising from or occurring as
a result of: (a)  AxoGen’s development, manufacture and commercialization of the
Next Generation Product, including all warranties and service costs for the Next
Generation Product, or (b) AxoGen’s material breach of any representation or
warranty set forth in this Agreement, except, in each case, to the extent caused
by the negligence or willful misconduct of a SMS Indemnitee.  The SMS
Indemnitees shall have the right to the advance of reasonable attorneys’ fees
and expenses in

9

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connection with defending against any Third party claim, suit or proceeding
arising from or in connection with the Development Activities or AxoGen’s
negligence, misconduct or fraud. 

Section 9.04  Procedure.  An SMS Indemnitee that intends to claim
indemnification under this Article 9 shall promptly notify AxoGen in writing of
any loss, claim, damage, liability or action in respect of which the SMS
Indemnitee or any of its Affiliates, sublicensees or their directors, officers,
employees, agents or counsel intend to claim such indemnification, and AxoGen
shall have the right to participate in, and, to the extent AxoGen so desires, to
assume the defense thereof with counsel of its own choice, subject to SMS
Indemnitee’s approval of such counsel, which approval may not be unreasonably
withheld.  The indemnity agreement in this Article 9 shall not apply to amounts
paid in settlement of any loss, claim, damage, liability or action if such
settlement is made without the consent of AxoGen, which consent shall not be
withheld unreasonably.  The failure to deliver written notice to AxoGen within a
reasonable time after the commencement of any such action, if materially
prejudicial to its ability to defend such action, shall relieve AxoGen of any
liability to the SMS Indemnitee under this Article 9.  At AxoGen’s request, the
SMS Indemnitee under this Article 9, and its employees and agents, shall
cooperate fully with AxoGen and its legal representatives in the investigation
and defense of any action, claim or liability covered by this indemnification
and provide full information with respect thereto.

Limitation of Liability. 

(a)

EXCEPT FOR A PARTY’S INDEMNIFICATION OBLIGATIONS, NEITHER PARTY WILL BE LIABLE
TO THE OTHER PARTY FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, INDIRECT OR
PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOST PROFITS OR LOST REVENUES,
ARISING OUT OF THIS AGREEMENT, HOWEVER CAUSED, UNDER ANY THEORY OF LIABILITY,
even if SUCH PARTY has been advised of the possibility of such damages.

(b)

AXOGEN SHALL NOT BE LIABLE TO SMS OR ANY THIRD PARTY FOR ANY DAMAGES ARISING OUT
OF the DEVELOPMENT, MANUFACTURE OR COMMERCIALIZATION OF THE EXISTING PRODUCT BY
SMS, ITS AFFILIATES, SUBLICENSEES OR ANY THIRD PARTY.

Article X.

TERM AND TERMINATION

Section 10.01  Term.    This Agreement shall commence on the Effective Date and
shall continue in full force and effect until terminated pursuant to this
Article 10, provided, however, this Agreement will expire at the end of the
Option Term if AxoGen has not exercised the Option and if the Option is
exercised it will terminate 10 years from the date of such Option exercise.

Section 10.02  Termination for Material Breach.  Either Party shall have the
right to terminate this Agreement in the event the other Party has materially
breached or defaulted in the performance of any of its obligations hereunder,
and if such breach or default is not corrected within sixty (60) days after the
breaching Party receives written notice identifying such breach.    

Section 10.03  Termination for Insolvency; Retention of License.  If voluntary
or involuntary proceedings by or against a Party are instituted in bankruptcy
under any insolvency law, or a receiver or custodian is appointed for such
Party, or proceedings are instituted by or against such Party for corporate
reorganization or the dissolution of such Party, which proceedings, if
involuntary, shall not have been dismissed within ninety (90) days after the
date of filing, or if such Party makes an assignment for the benefit of
creditors, or substantially all of the assets of such Party are seized or
attached and not released within ninety (90) days thereafter, the other Party
may immediately terminate this Agreement effective upon notice of such
termination.  Notwithstanding the bankruptcy of a Party, or the impairment of
performance by a Party of its obligations under this Agreement as a result of
bankruptcy or insolvency of such Party, and subject to such other Party’s rights
to terminate this Agreement for reasons other than bankruptcy or insolvency as
expressly provided in this Agreement, the other Party shall be entitled to
retain the licenses under the terms and conditions granted herein.

Section 10.04  Termination by AxoGen.    Prior to exercise of the Option, if
any, AxoGen shall have the right to terminate this Agreement in its sole
discretion in its entirety by providing thirty (30) days written notice thereof
of the termination of this Agreement (the “Notice Period”).    

Section 10.05  General Effect of Termination.

(a)

Accrued Obligations.  Termination of this Agreement for any reason shall not
release any Party hereto from any liability which, at the time of such
termination, has already accrued to the other Party or which is attributable to
a

10

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period prior to such termination, nor preclude either Party from pursuing any
rights and remedies it may have hereunder or at law or in equity which accrued
or are based upon any event occurring prior to such termination; provided, that
AxoGen shall not be obligated to pay any amounts that may become due following
delivery of notice of termination. 

(b)

Return of Materials.  Upon any termination of this Agreement, each Party shall
promptly return to the other Party all materials and tangible
Confidential Information received from the other Party (except one copy of which
may be retained by legal counsel for archival purposes). 

Section 10.06  Bankruptcy Provisions.  All rights and distribution rights
granted under or pursuant to this Agreement by SMS to AxoGen are, and shall
otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy
Code, licenses of rights to “intellectual property” as defined under Section
101(52) of the U.S. Bankruptcy Code.  The Parties agree that AxoGen, as licensee
of such rights under this Agreement, shall retain and may fully exercise all of
its rights and elections under the U.S. Bankruptcy Code or any comparably rights
under other applicable bankruptcy law, subject to performance by AxoGen of its
preexisting obligations under this Agreement.  The Parties further agree that,
in the event of the commencement of a bankruptcy proceeding by or against SMS,
AxoGen shall be entitled to a complete duplicate of (or complete access to, as
appropriate) any such intellectual property and all embodiments of such
intellectual property, and same, if not already in its possession, shall be
promptly delivered to AxoGen (a) upon any commencement of any bankruptcy
proceeding upon written request therefore by AxoGen, unless SMS elects to
continue to perform all of its obligations under this Agreement, or (b) if not
delivered under (a) above, upon the rejection of this Agreement by or on behalf
of SMS upon written request therefore by AxoGen, provided, however, that upon
SMS’s (or its successor’s) written notification to AxoGen that it is again
willing and able to perform all of its obligations under this Agreement, AxoGen
shall promptly return all such tangible materials to SMS, but only to the extent
that AxoGen does not require continued access to such materials to enable AxoGen
to perform its obligations under this Agreement.

Section 10.07  Survival.  Articles 7, 8 and 9 and Sections 11.02 and 11.04,
shall survive the expiration or termination of this Agreement for any
reason.  In addition, any other provision required to interpret and enforce the
Parties’ rights and obligations under this Agreement shall also survive, but
only to the extent required for the observation and performance of the
aforementioned surviving portions of this Agreement.    

Article XI.

MISCELLANEOUS

Section 11.01  Governing Law; Equitable Relief. 

(a)

This Agreement shall be governed by and interpreted in accordance with the laws
of the State of Maryland without giving effect to any conflict of laws
provisions, except matters of intellectual property that will be determined in
accordance the intellectual property laws relevant to the intellectual property
in question.

(b)

No provision herein shall be construed as precluding a Party from bringing an
action for injunctive relief or other equitable relief prior to the initiation
or completion of the above procedure. 

Section 11.02  Waiver.  Neither Party may waive or release any of its rights or
interests in this Agreement except in writing.  The failure of either Party to
assert a right hereunder or to insist upon compliance with any term or condition
of this Agreement shall not constitute a waiver of that right or excuse a
similar subsequent failure to perform any such term or condition.  No waiver by
either Party of any condition or term in any one or more instances shall be
construed as a further or continuing waiver of such condition or term or of
another condition or term.

Section 11.03  Assignment.  This Agreement shall not be assignable by SMS
without the written consent of AxoGen.  The terms and conditions of this
Agreement shall be binding on and inure to the benefit of the permitted
successors and assigns of the Parties.    

Section 11.04  Notices.  Any notices, requests and other communications
hereunder shall be in writing and shall be personally delivered or sent by
international express delivery service, registered or certified air mail, return
receipt requested, postage prepaid, or by facsimile (confirmed by prepaid
registered or certified air mail letter or by international express delivery
mail) (e.g., FedEx)), and shall be deemed to have been properly served to the
addressee upon receipt of such written communication, to the following addresses
of the Parties, or such other address as may be specified in writing to the
other Parties hereto:

11

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if to AxoGen:

AxoGen Corporation

 

13631 Progress Blvd.

 

Suite 400

 

Alachua, FL 32615

 

Attention: Karen Zaderej

 

Fax: 386-462-6803 

 

 

if to SMS:

Sensory Management Services LLC 

 

 

 

10 Luce Del Sol

 

Unit 3

 

Henderson, Nevada 89011

 

Attention: Lee Dellon

 

 

 

And

 

 

 

1122 Kennilworth Drive

 

Suite 18

 

Towson, Maryland 21204

 

Attention: Lee Dellon

 

 

 

Attention: Lee Dellon

 

Fax: 410-337-0040

Section 11.05  Force Majeure.  Neither Party shall be liable to the other for
failure or delay in the performance of any of its obligations under this
Agreement for the time and to the extent such failure or delay is caused by
earthquake, riot, civil commotion, terrorism, war, hostilities between nations,
governmental law, order or regulation, embargo, action by the government or any
agency thereof, act of God, storm, fire, accident, labor dispute or strike,
sabotage, explosion or other similar or different contingencies, in each case,
beyond the reasonable control of the respective Party.  The Party affected by
force majeure shall provide the other Party with full particulars thereof as
soon as it becomes aware of the same (including its best estimate of the likely
extent and duration of the interference with its activities), and will use its
best endeavors to overcome the difficulties created thereby and to resume
performance of its obligations as soon as practicable.  If the performance of
any obligation under this Agreement is delayed owing to a force majeure for any
continuous period of more than six (6) months, the Parties hereto shall consult
with respect to an equitable solution including the possible termination of this
Agreement.

Section 11.06  Independent Contractors.  Nothing contained in this Agreement is
intended implicitly, or is to be construed, to constitute AxoGen or SMS as
partners or joint venturers in the legal sense.  No Party hereto shall have any
express or implied right or authority to assume or create any obligations on
behalf of or in the name of any other Party or to bind any other Party to any
contract, agreement or undertaking with any Third Party.

Section 11.07  Severability.  If any of the terms or provisions of this
Agreement are in conflict with any applicable statute or rule of law, then such
terms or provisions shall be deemed inoperative to the extent that they may
conflict therewith and shall be deemed to be modified to conform with such
statute or rule of law.  In the event that the terms and conditions of this
Agreement are materially altered as a result of the above, the Parties will
renegotiate the terms and conditions of this Agreement to resolve any inequities

Section 11.08  Further Assurances.  At any time or from time to time on and
after the date of this Agreement, either Party shall at the request of the other
Party (i) deliver to the requesting Party such records, data or other documents
consistent with the provisions of this Agreement, (ii) execute, and deliver or
cause to be delivered, all such consents, documents or further instruments of
assignment, transfer or license, and (iii) take or cause to be taken all such
actions, as the requesting Party may reasonably deem necessary or desirable in
order for the requesting Party to obtain the full benefits of this Agreement and
the transactions contemplated hereby.

12

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Section 11.09  Entire Agreement.  This Agreement constitutes the entire
agreement, both written and oral, with respect to the subject matter hereof, and
supersedes and terminates all prior or contemporaneous understandings or
agreements, whether written or oral, between AxoGen and SMS with respect to such
subject matter.   No terms or provisions of this Agreement shall be varied or
modified by any prior or subsequent statement, conduct or act of either of the
Parties, except that the Parties may amend this Agreement by written instruments
specifically referring to and executed by authorized representatives of each
Party in the same manner as this Agreement. 

Section 11.10  Headings.  The captions to the Articles and Sections hereof are
not a part of this Agreement, but are included merely for convenience of
reference only and shall not affect its meaning or interpretation.

Section 11.11  Counterparts.  This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original and all of which
together shall constitute one and the same instrument.

Section 11.12  Venue. Any dispute arising under or in connection with the
agreement or related to any matter which is the subject of the agreement shall
be subject to the exclusive jurisdiction of the state and/or federal courts
located in Baltimore, Maryland. 

Section 11.13  Arbitration. Any controversy or claim arising out of or relating
to this contract, or the breach thereof, shall be settled by arbitration
administered by the American Arbitration Association in the State of Maryland
and City of Baltimore in accordance with its Commercial or other Arbitration
Rules, and judgment on the award rendered by the arbitrator[s] may be entered in
any court having jurisdiction thereof.

Section 11.14  Assignment. This Agreement or the right to receive royalties
hereunder may be assigned by SMS without the consent of AxoGen.  AxoGen may
assign this Agreement without consent in the event of a merger or acquisition of
the Company, sale of substantially all of the Company’s assets or a change of
greater than 50% of the ownership of the Company or its parent Company AxoGen
Inc.

13

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IN WITNESS WHEREOF, the Parties hereto have caused this Development, License and
Option Agreement to be duly executed by their authorized representatives
effective as of Effective Date.

 

 

 

 

Sensory Management Services LLC

AxoGen Corporation

By:

/s/ A Lee Dellon

By:

/s/Karen Zaderej

Name:

A Lee Dellon

Name:

Karen Zaderej

Title:

President

Title:

CEO

Date:

11/5/14

Date:

11/3/2014

 

 

 

 

 

 

 

 

By:

/s/Luiann O. Greer

 

 

Name:

Luiann O. Greer

 

 

Title:

CEO

 

 

Date:

11/5/14

 

 

 

14

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EXHIBIT A

ASSETS

1.Regulatory Approvals (including filings and changes since filings)

 

2.Design history files

 

3.Quality systems

 

4.Customer files

 

5.Product molds

 

6.CAD drawings

 

7.Existing inventory of the Existing Product

 

8.Customer Lists

 

   

 

 

 

 

15

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EXHIBIT B

 

EXISTING PRODUCT

(From: SMS Assets List June 2013)

 

Copyright to Instructional Manuals

 

1.Seiler D, Barrett SL, Dellon AL:

Interpretation Guide to Neurosensory and Motor Testing

Sensory Management Services, LLC, publisher Baltimore, MD, 2002.

 

2.Seiler, D, Motwani, L, Dellon, AL,

Interpretation Guide to Neurosensory and Motor Testing: The PDA Platform

Sensory Management Services, LLC, publisher, Nevada, 2007.

 

3.Seiler, D, Motwani, L, Dellon, AL,

Interpretation Guide to Neurosensory and Motor Testing: The Touch-Screen
Platform,

Sensory Management Services, LLC, publisher, Nevada, 2013.

Copyright to Instructional Video

 

1.Dellon, A.L., Computer-Assisted Sensorimotor Testing, 1995.

 

 

                                  

Artwork

 

1.The Pressure-Specified Sensory:  Framed Schematic

 

Trademarks

 

1.Pressure-Specified Sensory Device™

 

2.Disk-Criminator™

 

 

 

Neurosensory Testing Algorithm

 

16

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          Picture 5 [axgn20150930ex102f235f2001.jpg]

Administrative Law Judge Proceedings:

 

1.Medicare copies of medicare procedings, ALJ DECISIONS, ETC  related to the
PSSD, AND THE SURGERY

 

Neurosensory Testing Lecture

1.Powerpoint, (153 MB)

 

               Picture 6 [axgn20150930ex102f235f2002.jpg]

 

               

Collection of PSSD Reprints

 

1.Binder with 180 different reprints related to the PSSD

 

17

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EXHIBIT C

 

PATENT RIGHTS

 

 

1.Disk-Criminatortm, Canadian Patent #1,282,660, 1991;

Mackinnon, S.E., and Dellon, A.L.,

Registration Numbers:  Canadian TMA336,211; United States 1,511,664

 

2.Pressure Specifying Sensory Device, Patent #5,027,828, 1991;

Dellon, A.L. and Kovacevic, N.

 

3.Digit-Grip, Patent #5, 317, 916, 1992;

Dellon, A.L., Kovacevic, N.

Sensory Management Services, LLC

 

4.Force-Defined Vibrometer, Patent pending, 1991;

Dellon, A.L. and Kovacevic, N.

 

5.Skin Compliance Device, Patent #5, 373, 730, 1992;

Dellon, A.L. and Kovacevic, N.

 

6.Breast Compliance Device, Patent #346, 124, 1993;

Dellon, A.L., Kovacevic, N

 

Patent Applications:

 

1.11/643,281 System and method for managing neurosensory test information.

 

2.11/643,398 Apparatus and method for testing of neurosensory sensitivity.

 

3.11/643,205 Apparatus and method for testing of neurosensory response.

 

4.29/270,609 Portable Medical Device.

 

18

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