Exhibit 10.11


 


Certain identified information has been
excluded because it is both not material and would





likely cause competitive harm if publicly
disclosed.



 


PATIENT RECORDS





LICENSE AGREEMENT


 


This Patient Records License Agreement
(“Agreement”) is dated as of this 10th day of October, 2018 (“Effective Date”) by and between
Purinix Pharmaceuticals LLC, 1266 E Main Street, Suite 700R, Stamford, Connecticut, USA, 06902 (“Purinix”)
and Ministry of Health, Republic of Malawi, with an address located at P.O. Box 30377, Lilongwe 3, Malawi (“Records
Provider”). Purinix and Records Provider may individually be referred to hereinafter as a “Party”
or collectively as the “Parties.”


 


WHEREAS, Purinix holds the rights
to and is in the process of developing Suramin or a variant thereof (the “Product”) and intends to seek and
obtain regulatory approval of the Product in jurisdictions throughout the world for the pharmaceutical treatment of human African
trypanosomiasis (“HAT”);


 


WHEREAS, Records Provider maintains
medical data and information (in the form of patient medical files) related to patients who have been diagnosed with and/or treated
for HAT (“Patient Records”) and has the right under the laws of the jurisdiction in which it operates to grant
the rights and licenses with respect to the Patient Records as contemplated under this Agreement; and


 


WHEREAS, Purinix wishes to use
the Patient Records to conduct [***] from which it shall develop documentation to support its filings for regulatory approval
of the Product in jurisdictions throughout the world, and including as otherwise set forth in Section 1 of this Agreement
(the “Purpose”), and Records Provider wishes to license and transfer such Patient Records to Purinix in accordance
with the terms hereof;


 


NOW, THEREFORE, in consideration
of the mutual promises set forth in this Agreement, and for other good and valuable consideration, Purinix and Records Provider
intend to be legally bound as follows:


 


		1.	License, Ownership and Use.



 


		1.1.	Exclusive License to Patient
                                         Records. Records Provider hereby grants to Purinix a perpetual, exclusive, irrevocable,
                                         fully transferable, worldwide [***] license (including, but not limited to, the right
                                         to grant sublicenses) to use, display, embed, reproduce, aggregate, modify, transmit,
                                         distribute, publish, and create derivative works in or otherwise related to the Patient
                                         Records in connection with the Purpose described herein. Purinix understands that the
                                         exclusivity of its license is connected to the Purpose and that Records Provider does
                                         not otherwise maintain exclusive rights to the patients’ medical records.



 


		1.2.	Exclusive Ownership of Derivative
                                         Works. Records Provider hereby disclaims, waives, and releases any right or title
                                         it has or might have in the future in and to any and all derivative works (or their equivalent)
                                         of the Patient Records created or developed by Purinix and/or its licensees including,
                                         without limitation, [***]; the exclusive right and title to which shall rest with Purinix
                                         and/or its licensees. In the event the foregoing is deemed unenforceable by a court of
                                         competent jurisdiction, Records Provider hereby grants to Purinix a perpetual, exclusive,
                                         irrevocable, fully transferable, worldwide [***] license (including, but not limited
                                         to, the right to grant sublicenses) in and to any and all derivative works (or their
                                         equivalent) of the Patient Records created or developed by Purinix and/or its licensees.



 






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		1.3.	Restrictions. For the avoidance
                                         of doubt, Records Provider understands and agrees that it may not (i) use, license,
                                         disseminate, distribute, or otherwise share the Patient Records with a third party for
                                         any purpose in contravention of the Purpose described herein; or (ii) use, license,
                                         disseminate, distribute, or otherwise share any derivative works of the Patient Records
                                         created by Purinix or its licensees for any reason whatsoever.



 


		1.4.	Patient Privacy. Records Provider
                                         shall ensure that the Patient Records are transferred to Purinix in an irreversibly anonymous
                                         manner. If and to the extent Records Provider discovers that any transferred Patient
                                         Records include any identifiable “Patient Health Information,” as such term
                                         is defined under the U.S. Health Insurance Portability and Accountability Act of 1996
                                         (“HIPAA”), the Parties shall cooperate in an effort to de-identify
                                         the Patient Records consistent with the Safe Harbor approach required by §164.514
                                         of HIPAA. Purinix shall only be entitled to take copies of the Patient Records and, for
                                         the avoidance of doubt, nothing in this Agreement shall oblige Records Provider to deliver
                                         to Purinix any original documents containing Patient Records.



 


		1.5.	Use of Data. The rights and
                                         licenses provided for in this Agreement (a) are coupled with an interest, (b) are
                                         subject to any and all data privacy laws applicable to the Patient Records, and (c) include,
                                         without limitation, the right on the part of Purinix to use any or all of the data included
                                         in the Patient Records (i) [***], (ii) in filings or other submissions to the
                                         U.S. Food and Drug Administration and/or any other similar governmental and regulatory
                                         authorities throughout the world (collectively, for the purposes of this Agreement, the
                                         “FDA”) regarding the Product including, but not limited to, filings
                                         or other submissions to obtain or maintain FDA approval of an NDA (as defined hereunder)
                                         for the Product in the United States market. For the purposes of this Agreement, “NDA”
                                         means a United States New Drug Application (as defined in the U.S. Federal Food, Drug,
                                         and Cosmetic Act (21 U.S.C. Section 301 et. seq.) (the “Act”)
                                         and the regulations promulgated thereunder) pursuant to Section 505 of the Act (21
                                         U.S.C. Section 355) and the regulations promulgated thereunder submitted to the
                                         FDA for approval to market a pharmaceutical drug or product in the United States or,
                                         for registrations sought outside of the United States, any similar regulatory requirements
                                         in such jurisdictions. As the sponsor of the Product NDA, Purinix shall ensure that the
                                         results of its study are supported by source documentation, shall include reports on
                                         serious adverse events (SAE), and, where required, filings to the FDA at a pre-IND meeting,
                                         pre-NDA meeting, and/or in the NDA submission with respect to the Product shall include
                                         relevant Patient Records data.



 


		1.6.	Support. From time to time,
                                         at Purinix’s request [***], the Records Provider shall use commercially reasonable
                                         efforts to cooperate with Purinix in order to effectuate the foregoing, which cooperation
                                         may include, but not be limited to, confirming and/or effectuating the Patient Records
                                         by executing and delivering any such certifications, consents or other written documents
                                         or instruments as Purinix may reasonably request. Records Provider shall also use commercially
                                         reasonable efforts to cooperate with Purinix with respect to any FDA queries regarding
                                         the nature of the Patient Records and shall permit Purinix and FDA personnel to audit
                                         such Patient Records, as required.



 






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Certain identified information has been
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likely cause competitive harm if publicly
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		2.	Term and Termination






 


		2.1.	Term. The term of this Agreement
                                         shall be perpetual (the “Term”), provided, however, either Party shall have
                                         the right to terminate the Agreement if the other Party breaches, in any material respect,
                                         any material term or condition of this Agreement and fails to remedy such breach within
                                         thirty (30) days after being given written notice of such breach by the non-breaching
                                         Party.



 


		2.2.	Survival. Notwithstanding
                                         anything in this Agreement to the contrary, the following Sections of this Agreement
                                         shall survive any termination of this Agreement: 1.2, 2, 4.2, and 5 – 13.



 


		3.	Administrative Fees and Attribution



 


		3.1.	Fees. Purinix shall, within
                                         [***], reimburse Records Provider, at the Record Provider’s standard rates, as
                                         set forth in Exhibit A, for time actually spent by one or more clinical study coordinators
                                         or other staff currently employed by the Records Provider,[***].



 


		3.2.	Attribution. Purinix shall
                                         acknowledge the contributions of the Records Provider including, if appropriate, at Purinix’s
                                         sole and reasonable discretion or as mutually agreed in writing, the names of any individual
                                         Records Provider staff as authors, to the extent they contributed meaningfully to the
                                         Purpose.



 


		4.	Representations and Warranties.



 


		4.1.	Mutual Warranties. Each Party
                                         represents and warrants to the other that (a) the Agreement has been duly executed
                                         and delivered and constitutes a valid and binding agreement enforceable against such
                                         Party in accordance with its terms; (b) no authorization or approval from any third
                                         party is required in connection with such Party’s execution, delivery, or performance
                                         of the Agreement; and (c) the execution, delivery, and performance of the Agreement
                                         does not violate the laws of any jurisdiction or the terms or conditions of any other
                                         agreement to which it is a party or by which it is otherwise bound.



 


		4.2.	Additional Records Provider Warranties.
                                         Records Provider further represents and warrants that (a) it has and will have all
                                         requisite ownership, rights, and licenses necessary to grant to Purinix the rights and
                                         licenses granted under this Agreement, (b) the license grant does not violate any
                                         applicable law, regulation, or statute, (c) it has not and will not enter into any
                                         agreement with a third party the execution or performance of which would violate or conflict
                                         with any of the rights or licenses set forth in Section 1 of this Agreement, and
                                         (d) to Records Provider’s best knowledge and belief (having made no specific
                                         enquiry), the Patient Records are an accurate and complete record in all material respects.



 


		5.	Indemnification.



 


		5.1.	Mutual Indemnification. Each
                                         Party shall defend, indemnify, and hold harmless the other Party for a breach of its
                                         respective representations and warranties in Section 4.1



 


		5.2.	Records Provider’s Indemnification.
                                         Records Provider shall indemnify, defend, and hold Purinix, and its officers, directors,
                                         employees, agents and licensees, harmless from and against all claims, demands, liabilities,
                                         causes of action, costs and expenses (including reasonable out-of-pocket attorneys’
                                         fees) arising out of a breach of the representations and warranties contained in Section 4.2
                                         or arising out of or based on Purinix’s use of the Patient Records as permitted
                                         by, and subject to, the terms of this Agreement.



 






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		5.3.	Indemnification Procedure.
                                         If any Party entitled to indemnification under this section (an “Indemnified
                                         Party”) makes an indemnification request to the other, the Indemnified Party
                                         shall permit the other party (the “Indemnifying Party”) to control
                                         the defense, disposition or settlement of the matter at its own expense; provided that
                                         the Indemnifying Party shall not, without the consent of the Indemnified Party enter
                                         into any settlement or agree to any disposition that imposes an obligation on the Indemnified
                                         Party that is not wholly discharged or dischargeable by the Indemnifying Party. The Indemnified
                                         Party shall notify the Indemnifying Party promptly of any claim for which the Indemnifying
                                         Party is responsible and shall cooperate with the Indemnifying Party as commercially
                                         reasonable to facilitate defense of any such claim; provided that the Indemnified Party’s
                                         failure to notify Indemnifying Party shall not diminish the Indemnifying Party's obligations
                                         under this Section except to the extent that the Indemnifying Party is materially
                                         prejudiced as a result of such failure. An Indemnified Party shall at all times have
                                         the option to participate in any matter or litigation through counsel of its own selection
                                         at its own expense.



 


		6.	Confidential Information. Each
                                         Party acknowledges that it may have access to certain confidential information of the
                                         other Party concerning the other Party’s business, plans, customers, technology,
                                         and products (“Confidential Information”) as a result of its obligations
                                         under this Agreement. The Parties agree: (a) the Party receiving the information
                                         (the “Receiving Party”) shall use, and cause their employees to use, reasonable
                                         efforts to safeguard the Confidential Information of the other Party (“Disclosing
                                         Party”); (b) the Receiving Party shall not disclose Confidential Information
                                         to any third party (other than contractors who have agreed to maintain its confidentiality);
                                         and (c) the Receiving Party shall not use Confidential Information for any purpose
                                         other than as authorized by this Agreement. Information shall not be subject to the foregoing
                                         confidentiality obligations if it is: (i) in the public domain through no fault
                                         of the Receiving Party; (ii) known to the Receiving Party prior to the time of disclosure;
                                         (iii) disclosed to the Receiving Party by a third party that doesn’t have
                                         a duty of confidentiality to the Disclosing Party; (iv) developed by the Receiving
                                         Party without reference to the Confidential Information; or (v) required to be disclosed
                                         by law, provided that the Receiving Party promptly provides notice to the Disclosing
                                         Party of any such request or requirement so that the Disclosing Party can seek appropriate
                                         protective orders.



 


		7.	WARRANTY DISCLAIMER. EXCEPT
                                         AS EXPRESSLY SET FORTH IN SECTION 4, NEITHER PARTY MAKES ANY REPRESENTATION, WARRANTY,
                                         OR GUARANTY WHATSOEVER AND ALL REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS, IMPLIED,
                                         STATUTORY OR OTHERWISE, INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTY OF MERCHANTABILITY
                                         OR FITNESS FOR A PARTICULAR PURPOSE, ARE HEREBY DISCLAIMED BY BOTH PARTIES TO THE MAXIMUM
                                         EXTENT PERMITTED BY APPLICABLE LAW.



 


		8.	LIMITATION OF LIABILITY. EXCEPT
                                         FOR ANY LIABILITY OF A PARTY ARISING UNDER OR RELATED TO ITS INDEMNIFICATION OBLIGATIONS
                                         IN SECTION 5 OR A BREACH OF ITS CONFIDENTIALITY OBLIGATION IN SECTION 6; IN
                                         NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT, PUNITIVE,
                                         SPECIAL, EXEMPLARY, INCIDENTAL, CONSEQUENTIAL OR OTHER DAMAGES OF ANY TYPE OR KIND
                                         ARISING UNDER OR IN RESPECT OF THIS AGREEMENT.



 






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		9.	Basis of the Bargain; Failure of
                                         Essential Purpose. The Parties acknowledge that each Party has entered into this
                                         Agreement in reliance upon the limitations of liability and the disclaimers of warranties
                                         and damages set forth herein, and that the same form an essential basis of the bargain
                                         between the Parties. The Parties agree that the limitations and exclusions of liability
                                         and disclaimers specified in this Agreement will survive and apply even if found to have
                                         failed of their essential purpose.



 


		10.	Notices. Any notice or other
                                         communication under this Agreement shall be sufficiently given if given in writing and
                                         delivered by hand delivery, or in lieu of such personal service, twenty-four (24) hours
                                         after delivery to a national, overnight courier service, to the addresses listed at the
                                         end of this Agreement. Either Party may designate a different address by giving notice
                                         of change of address in the manner provided above.



 


		11.	Choice of Law, Jurisdiction and
                                         Venue. This Agreement will be governed by and construed in accordance with the laws
                                         of the State of New York in the United States, without reference to its conflicts of
                                         law provisions. The Parties agree that the exclusive jurisdiction and venue of any action
                                         to enforce or interpret this Agreement will be the state and federal courts located in
                                         the State of New York in the United States. Each Party hereto hereby irrevocably and
                                         unconditionally waives, to the fullest extent it may legally and effectively do so, any
                                         objection which it may now or hereafter have to the laying of venue of any suit, action
                                         or proceeding arising out of or relating to this Agreement in any state or federal court
                                         in the State of New York. Each of the Parties hereto hereby irrevocably waives, to the
                                         fullest extent permitted by law, the defense of an inconvenient forum to the maintenance
                                         of such action or proceeding in any such court.



 


		12.	Injunctive Relief. The Parties
                                         agree that any breach of Sections 1, 4, or 6 of the Agreement could cause the non-breaching
                                         Party substantial and irrevocable damage and, therefore, in the event of any such breach,
                                         in addition to such other remedies which may be available, the non-breaching Party shall
                                         have the right to specific performance and injunctive relief.



 


		13.	General Provisions. Neither
                                         Party may assign this Agreement to a third party without the prior written consent of
                                         the non-assigning Party, provided, however, Purinix may assign this Agreement to any
                                         affiliate, subsidiary, or parent entity, or in connection with a merger, acquisition,
                                         reorganization or other business combination or change of control event. Any assignment
                                         in derogation of the foregoing shall be deemed null and void. The Parties hereto are
                                         independent contractors and nothing contained herein or done in pursuance of this Agreement
                                         shall constitute either Party as the agent of the other Party for any purpose or in any
                                         sense whatsoever, or constitute the Parties as partners, joint venturers or franchisor
                                         and franchisee. No alteration, amendment, waiver, cancellation or any other change in
                                         any term or condition of this Agreement shall be valid or binding on either Party unless
                                         mutually assented to in writing by both Parties. Without limiting the foregoing, the
                                         failure of either Party to enforce at any time any of the provisions of this Agreement,
                                         or the failure to require at any time performance by the other party of any of the provisions
                                         of this Agreement, shall in no way be construed to be a present or future waiver of such
                                         provisions, nor in any way affect the ability of either party to enforce each and every
                                         such provision thereafter. The express waiver by either Party of any provision, condition
                                         or requirement of this Agreement shall not constitute a waiver of any future obligation
                                         to comply with such provision, condition or requirement. If for any reason a court of
                                         competent jurisdiction finds any provision of this Agreement, or portion thereof, to
                                         be unenforceable, that provision will be enforced to the maximum extent permissible so
                                         as to affect the intent of the parties, and the remainder of this Agreement will continue
                                         in full force and effect. This Agreement is the entire agreement between the Parties
                                         with respect to the subject matter hereof. This Agreement may be executed in counterparts,
                                         each of which shall constitute an original but all of which, when taken together, shall
                                         constitute one agreement.



 






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IN WITNESS WHEREOF, the parties have executed
this Agreement to be effective as of the Effective Date written above.


 


	Purinix Pharmaceuticals LLC	 	Ministry of Health, Republic of Malawi
	 	 	 
	 	 	 
	By:  	              	 	By:	 
	 	 	 
	Name:  	 	 	Name:	 
	 	 	 
	Title:  	 	 	Title:	 
	 	 	 
	Date:  	 	 	Date:	 
	 	 	 
	Notice Address:	 	Notice Address:
	 	 	 
	Purinix Pharmaceuticals LLC	 	Ministry of Health
	1266 E Main Street	 	Republic of Malawi
	Suite 700R	 	P.O. Box 30377
	Stamford, Connecticut 06902	 	Lilongwe 3, Malawi
	United States	 	 
	[***]	 	[***]



 






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Exhibit A





 


[***]





 



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