EX-10.7



 Exhibit 10.7 

EXECUTION VERSION 
 SERVICE
TERMINATION AGREEMENT 
 (hereinafter referred to as the/this “Agreement”) 

between 
 Auris Medical AG, Falknerstrasse
4, 4001 Basel 
 (hereinafter referred to as “Auris”), 

and 
 Altamira Pharma GmbH, Birkenweg 6,
4528 Zuchwil 
 (hereinafter referred to as “Altamira”) 

(Auris and Altamira both referred to as “Parties”) 

WHEREAS: 
  

	 	•	 	the Parties have entered into a service agreement / “Mandatsvereinbarung” dated as of 4 January 2011 (hereinafter referred to as “Service Agreement”); 


 

	 	•	 	under the Service Agreement Altamira has been rendering strategic management services and supported in selected operational tasks to Auris; 


 

	 	•	 	the Parties wish to terminate the Service Agreement by way of mutual agreement with effect as of 31 January 2014; 


Therefore, the Parties agree as follows: 
  

	1.	Termination of Service Agreement 

 The Parties mutually state and agree that the Service Agreement has
ended with effect as of 31 January 2014. Accordingly, the Parties mutually waive the termination period as set out in the Service Agreement. 

  

			
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 EXECUTION VERSION 
  


	2.	Final payment 

 Auris agrees to make a final payment in the amount of CHF 14’500 (hereinafter
referred to as “Final Payment”). The Final Payment shall be in full settlement of any and all claims of Altamira out of or in connection with the services rendered under the Service Agreement until 31 January 2014. The Final
Payment shall be inclusive of all costs, expenses and taxes. 
  

	3.	Final Settlement and Waiver 

 The Parties agree that with the execution of this Agreement, any and all
mutual claims out of the Service Agreement or termination of the Service Agreement between the Parties shall have been fully and finally settled, with exception of the obligations of Altamira concerning confidentiality (“Vertraulichkeit”)
and intellectual property rights (“Rechte an immateriellen Gütern”). 
  

	4.	Miscellaneous 

 Should any provision of this Agreement be deemed or held to be wholly or partially
invalid, ineffective or unenforceable, this shall not affect the validity, effectiveness or enforceability of the remainder hereof. The Parties hereby agree to replace any provision so severed by a provision, negotiated in good faith that achieves
as closely as possible the original intention of the parties. 
 This Agreement (including this clause) may only be amended if the Parties confirm such
amendment in writing. 
 This Agreement shall be exclusively interpreted, supplemented and governed by Swiss Law (Code of Obligations). 

 

									
	Place, Date:	 	



	 		 	Place, Date:	 	




		 	  
	 		 		 	  

			
	Auris Medical AG	 		 	Altamira Pharma GmbH
			
	



	 		 	




	  
	 		 	  

	Oliver Kubli	 	 Wolfgang Arnold
	 		 	Thomas Meyer
	Vice Chairman	 	 Secretary
	 		 	Managing Director


  

			
	434580	  	Page 2 of 3










 EXECUTION VERSION 
  


	2.	Final payment 

 Auris agrees to make a final payment in the amount of CHF 14’500 (hereinafter
referred to as “Final Payment”). The Final Payment shall be in full settlement of any and all claims of Altamira out of or in connection with the services rendered under the Service Agreement until 31 January 2014. The Final
Payment shall be inclusive of all costs, expenses and taxes. 
  

	3.	Final Settlement and Waiver 

 The Parties agree that with the execution of this Agreement, any and all
mutual claims out of the Service Agreement or termination of the Service Agreement between the Parties shall have been fully and finally settled, with exception of the obligations of Altamira concerning confidentiality (“Vertraulichkeit”)
and intellectual property rights (“Rechte an immateriellen Gütern”). 
  

	4.	Miscellaneous 

 Should any provision of this Agreement be deemed or held to be wholly or partially
invalid, ineffective or unenforceable, this shall not affect the validity, effectiveness or enforceability of the remainder hereof. The Parties hereby agree to replace any provision so severed by a provision, negotiated in good faith that achieves
as closely as possible the original intention of the parties. 
 This Agreement (including this clause) may only be amended if the Parties confirm such
amendment in writing. 
 This Agreement shall be exclusively interpreted, supplemented and governed by Swiss Law (Code of Obligations). 

 

									
	Place, Date:	 	



	 		 	Place, Date:	 	
		 	  
	 		 		 	  

			
	Auris Medical AG	 		 	Altamira Pharma GmbH
				
		 	 




	 		 	
	  
	 		 	  

	Oliver Kubli	 	 Wolfgang Arnold
	 		 	Thomas Meyer
	Vice Chairman	 	 Secretary
	 		 	Managing Director


  

			
	434580	  	Page 3 of 3