IN TWO
OR MORE COUNTERPARTS, EACH OF WHICH SHALL BE DEEMED TO BE AN ORIGINAL AND ALL OF
WHICH TOGETHER SHALL BE DEEMED TO BE ONE AND THE SAME INSTRUMENT.
10.14
RESOLUTION OF DISPUTES.
IF A DISPUTE ARISES BETWEEN
THE PARTIES ("THE DISPUTE"), THE PARTIES AGREE TO NEGOTIATE IN GOOD FAITH TO
RESOLVE THE DISPUTE.
IF THE DISPUTE HAS NOT BEEN RESOLVED BY NEGOTIATION WITHIN
A REASONABLE TIME THEN EITHER PARTY MAY REFER THE DISPUTE TO MEDIATION AND WILL
DO SO BEFORE INITIATING PROCEEDINGS IN A COURT TO RESOLVE THE DISPUTE.
A
DISPUTE WHICH IS REFERRED TO MEDIATION WILL BE REFERRED TO THE AUSTRALIAN
COMMERCIAL DISPUTE CENTRE LTD ("ACDC") AND WILL BE CONDUCTED IN ACCORDANCE WITH
THE CONCILIATION RULES OF ACDC AND WILL BE HEARD BY ONE CONCILIATOR APPOINTED
UNDER THE RELEVANT RULES IN VICTORIA.
IF THE DISPUTE HAS NOT BEEN RESOLVED
WITHIN 60 DAYS OF REFERRAL TO ACDC EITHER PARTY IS FREE TO INITIATE PROCEEDINGS
IN A COURT.
NOTHING IN THIS CLAUSE WILL PREVENT A PARTY FROM SEEKING
INTERLOCUTORY RELIEF THROUGH COURTS OF APPROPRIATE JURISDICTION.
AXONYX INC.
DAVID HENRY SMALL
By
/s/ Marvin S. Hausman, M.D.
By:
/s/ David Henry Small, Ph.D.
Marvin S. Hausman, M.D.
David Henry Small, Ph.D.
MARIE-ISABEL AGUILAR
By:
/s/ Marie -Isabel Aguilar, Ph.D.
Marie-Isabel Aguilar, Ph.D
SUPUNDI SUBASINGHE
By:
/s/ Supundi Subasinghe
Supundi Subasinghe
16