Document:

Exhibit 10.112
    

    

    

    
      SECURITY AGREEMENT
    

    

    

    
      THIS SECURITY AGREEMENT (the “Agreement”) is
      effective as of the 15th day of June, 2009 (the “Effective
      Date”), between Ore Pharmaceuticals Inc., a Delaware corporation and
      its successors and assigns (“Ore”), and Ocimum Biosolutions
      Inc., a Delaware corporation (“Ocimum” and, together with
      Ore, the “Parties”).
    

    
      In consideration of the covenants set forth herein, and for other good
      and valuable consideration, the receipt and sufficiency all of which is
      hereby acknowledged, the Parties agree as follows:
    

    

    

    
      1.    Definitions; Construction.  (a)   The
      following terms, when capitalized herein, shall have the respective
      meanings assigned thereto in Article Nine:  (i) “Account”;
      (ii) “Chattel Paper”;  (iii) “Commercial
      Tort Claim”; (iv) “Deposit Account”; (v) “Document”;
      (vi) “Goods”; (vii) “General Intangible”;
      (viii) “Inventory”; (ix) “Investment Property”;
      (x) “Instrument”; (xi) “Letter-of-Credit
      Right”; and (xii) “Proceeds”.  When capitalized
      herein, the term “Contract Rights” has the meaning assigned
      thereto in 1962 Official Text With Comments of the Uniform Commercial
      Code as promulgated by the National Conference of Commissioners on
      Uniform State Laws and the American Law Institute.
    

    
            (b)   Defined Terms.  In
      addition to the other terms defined throughout this Agreement, the
      following capitalized terms shall have the following meaning when used
      herein or in the Note:
    

    
                  “Account
      Debtor” means each Person (i) to or for whom Ocimum has
      provided or agreed to provide any goods or services; (ii) which owes
      Ocimum any sum of money as a result of goods or services provided by
      Ocimum; and (iii) which is the maker or endorser of any instrument
      payable to Ocimum or otherwise owes Ocimum any sum of money on account
      of any Security or other payment obligation.  
    

    
                  “Affiliate”
      means, with respect to any Person, any other Person directly or
      indirectly controlling, controlled by, or under common control with such
      Person.
    

    
                  “Article
      Nine” means the Maryland Uniform Commercial Code – Secured
      Transactions, Md. Code Ann., Comm. Law, § 9-101 et seq., as it may be
      amended from time to time.
    

    
                  “Business
      Day” means any day except Saturday, Sunday or any day on which
      banks are authorized or required by Law to close in Baltimore, Maryland.
    

    
                  “Collateral”
      means all assets, properties and rights of Ocimum tangible and
      intangible, personal and real, including, without limitation, all cash
      accounts, Ocimum Receivables, Commercial Tort Claims, Deposit Accounts,
      Goods, Inventory, Investment Property, and Payment Intangibles now
      existing or hereafter acquired, together with all substitutions therefor
      and replacements and renewals thereof and all Proceeds from any and all
      of the foregoing.
    

    
                  “Contractual
      Obligation” means, as to any Person, any agreement, instrument
      or undertaking to which such Person is a party or by which it or any of
      its assets or property is bound.
    

    
                  “Default”
      means any event, occurrence or omission which, with the giving of
      notice, the passage of time, or both, would constitute an Event of
      Default.
    

    
                  “Default
      Rate” means the fifteen percent (15%) per annum, compounded
      monthly.
    

    
                  “GAAP”
      means United States generally accepted accounting principles
      consistently applied.
    

    
                  “Guarantor”
      means Coramandel Infrastructure Private Limited, a company incorporated
      under the Company Act, 1956, in the Republic of India.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
                  “Guaranty
      Agreement” means an Unconditional Guaranty Agreement executed
      by the Guarantor for the benefit of Ore.
    

    
                  “IAS”
      means international accounting standards consistently applied as
      established by the International Accounting Standards Board.
    

    
                  “Insolvency
      Proceedings” means, with respect to any referenced Person, any
      (i) case or proceedings commenced by or against such Person under any
      provision of the United States Bankruptcy Code, as amended, or any other
      federal or state bankruptcy or insolvency Law; (ii) assignment for the
      benefit of creditors; (iii) formal or informal moratorium, receivership,
      composition or extension with any creditor with respect to the
      indebtedness of such Person.
    

    
                  “Laws”
      means all federal, state, local or foreign laws (including common law),
      codes, statutes, ordinances, orders, judgments, arbitration awards,
      decrees, administrative or judicial promulgations, injunctions,
      determinations, approvals, rules, regulations, permits, certificates,
      licenses and governmental authorizations.
    

    
                  “Material
      Adverse Effect” means any event, change, effect or
      circumstance that has occurred (when taken together with all other
      events, changes, effects and circumstances that have occurred) that (i)
      is, or is reasonably likely to be, materially adverse to the financial
      condition or results of operations of Ocimum; (ii) is likely to prevent
      or materially delay the performance of Ocimum under any of the Security
      Documents; (iii) has, or is reasonably likely to have, a material
      adverse effect on the rights or remedies of Ore under any of the
      Security Documents or the value, condition, use or availability of any
      of the Collateral; provided, however, that, in no event shall any
      of the following be taken into account in determining whether there has
      occurred (or whether there is reasonably likely to be) a Material
      Adverse Effect: (i) any change or effect resulting from changes in
      general economic conditions, conditions in the United States or
      worldwide capital markets or any outbreak of hostilities or war (except
      for any changes which disproportionately affect Ocimum, results of
      operations, properties, condition, assets or liabilities of Ocimum,
      taken as a whole, as compared to other industry participants); (ii) any
      change or effect resulting from conditions generally affecting the
      industries in which Ocimum conducts its business; (iii) changes in any
      Laws applicable to Ocimum after the date hereof, (vi) changes in IAS
      after the date hereof; (iv) any actions taken, or failures to take
      action, or such other effects, changes, occurrences or developments to
      which Company has specifically consented in writing after the date
      hereof and prior to such actions, failures, effects, changes,
      occurrences or developments; or (v) terrorist activities or the material
      commencement or worsening of hostilities or war.
    

    
                  “Maturity
      Dates” means August 1, 2009 and September 15, 2009.
    

    
                  “Note”
      means that certain Secured Note, of even date herewith, in the principal
      amount of Three Million Dollars ($3,000,000), as such amount may be
      adjusted from time to time in accordance with the terms thereof, made by
      Ocimum and Ocimum India in favor of Ore.
    

    
                  “Obligations”
      shall mean all sums due and payable to Ore by Ocimum with respect to the
      Note, together with all other sums due under this Agreement or any other
      Security Document.
    

    
                  “Ocimum
      India” means Ocimum Bio Solutions (India) Limited, a company
      incorporated under the Company Act, 1956, in the Republic of India.
    

    
                  “Ordinary
      Course” means the ordinary course of Ocimum’s business,
      consistent with past practice.
    

    
                  “Person”
      means an individual, a sole proprietorship, a partnership, a
      corporation, an association, an institution, a joint stock company, a
      limited liability company, a trust, a joint venture, an unincorporated
      organization, or a governmental entity or any other legal entity.
    

    
                  “Premises”
      means all real property included in the Collateral.
    

    
                  “Ocimum
      Receivables” means all Accounts, Contract Rights, Instruments,
      Documents, General Intangibles, Chattel Paper, Letter-of-Credit Rights
      (including all proceeds of letters of credit and all choses in action),
      notes, notes receivable, drafts, acceptances, rights of and to payment
      and performance of every kind and nature of Ocimum, in all cases whether
      now existing or hereinafter created or acquired, and all proceeds and
      products thereof (including insurance proceeds), and all rights thereto.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
                 “Principal Amount”
      has the meaning assigned thereto in the Note.
    

    
                  “Records”
      means correspondence, memoranda, tapes, disks, papers, books and other
      documents, or transcribed information of any type, whether expressed in
      ordinary, computer or machine language, and all copies of the foregoing.
    

    
                  “Security Documents”
      means this Agreement, all exhibits hereto, the Note and all notes,
      financing statements and other documents executed pursuant to this
      Agreement or contemplated hereby, or executed to provide further
      assurance to Ore with respect to collection of sums hereunder or under
      notes executed pursuant hereto and the Guaranty Agreements.
    

    
                  “Senior
      Indebtedness” means the indebtedness of Ocimum set forth on Schedule
      1, as such indebtedness may be extended or renewed by the same
      lender from time to time (but not increased); provided that such
      extension or renewal shall not include refinancings or extensions of
      credit for additional purposes.
    

    
            (c)   Interpretation.  Unless
      the context of this Agreement otherwise clearly requires, (i) references
      to the plural include the singular, and references to the singular
      include the plural, (ii) references to any gender include the other
      gender, (iii) the words “include,” “includes” and “including” do not
      limit the preceding terms or words and shall be deemed to be followed by
      the words “without limitation”, (iv) the terms “hereof”, “herein”,
      “hereunder”, “hereto” and similar terms in this Agreement refer to this
      Agreement as a whole and not to any particular provision of this
      Agreement, (v) the terms “day” and “days,” if not capitalized, mean and
      refer to calendar day(s) and (vi) the terms “year” and “years” mean and
      refer to calendar year(s).  Unless otherwise set forth herein,
      references in this Agreement to any document, instrument or agreement
      (including this Agreement) (A) includes and incorporates all schedules
      and other attachments thereto, (B) includes all documents, instruments
      or agreements issued or executed in replacement thereof and (C) means
      such document, instrument or agreement, or replacement or predecessor
      thereto, as amended, modified or supplemented from time to time in
      accordance with its terms and in effect at any given time.  All Article,
      Section and Schedule references herein are to Articles, Sections and
      Schedules of this Agreement, unless otherwise specified.  All accounting
      terms not specifically defined in this Agreement shall be construed in
      accordance with IAS.
    

    
            (d)   Coordination
      With Note.  This Agreement is the “Security Agreement” referred
      to and incorporated into the Note.  
    

    
            (e)   Incorporation
      by Reference.  The terms and conditions of the other Security
      Documents are incorporated herein by reference and made a part hereof,
      as if fully set forth herein.  .
    

    
      2.        Cancellation of
      Prior Security Agreement.  The Parties agree and acknowledge
      that upon execution of this Agreement and the Note, the Security and
      Patent and Trademark Security Agreement dated December 14, 2007 (“Prior
      Note”) between Ocimum and Ore (then doing business as Gene
      Logic Inc.) shall be deemed hereby cancelled, revoked and superseded by
      this Agreement.
    

    
      3.    Deferred Payment.  (a)  Ocimum
      agrees, upon the terms and conditions contained in this Agreement and
      the Note, to pay to Ore the Principal Amount, adjusted in accordance
      with Section 3 of the Note.
    

    
            (b)   Interest shall accrue on the Principal Amount and shall be
      due and payable in accordance with Section 3 of the Note.
    

    
            (c)   The Principal Amount, and any and all other sums which may
      be due and owing to the Ore in accordance with the terms contained
      herein and in the Note, is due on the Maturity Dates.
    

    
      4.    Security.  (a)          As security for
      the payment and satisfaction of all Obligations, Ore shall have, and
      Ocimum hereby grants to Ore, a continuing security interest in the
      Collateral (the “Security Interest”).  The Security
      Interest, upon perfection, shall be an indefeasible lien and security
      interest with respect to the Collateral prior to any other liens or
      encumbrances on the Collateral.  Notwithstanding the foregoing, the
      Security Interest shall be subordinate to all liens or security
      interests securing any Senior Indebtedness which is set forth on Schedule
      1.  Ore shall, in addition to all other rights granted herein have
      all the rights and benefits available to a secured party under the terms
      of the Uniform Commercial Code in effect in Maryland or any similar Law
      in effect in any other state which would be applicable to the Collateral
      or the rights and transactions contemplated by the Security Documents.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
            (b)   Further
      Assurances.  Ocimum agrees to execute, or cause to be executed,
      all financing statements which Ore may request Ocimum to execute to
      further evidence and to perfect the Security Interest and to do all
      other acts or things and execute all other documents which may be
      required to further perfect and protect the Security Interest.
    

    
            (c)   Satisfaction
      of Obligations.  At such time as all of the Obligations are
      repaid Ore will, at Ocimum’s expense, execute releases of financing
      statements and return any of the Collateral then in Ore’s possession and
      do all such other acts and things and execute all such documents as may
      be necessary to release the security interest herein granted to Ore.
    

    
            (d)   Guaranty
      Agreements.  The Guarantor shall execute and deliver a Guaranty
      Agreement, which shall guarantee, among other things, the absolute full
      payment and performance by Ocimum of the Obligations.
    

    
      5.    Representations and Warranties.  Ocimum
      hereby makes the following representations and warranties to Ore as of
      the date hereof:
    

    
            (a)   Organization
      and Capitalization.  Ocimum is duly organized, validly existing
      and in good standing under the Laws of the State of Delaware and has all
      requisite corporate power and authority to own, lease or otherwise hold
      the Collateral and to carry on its business as currently conducted.
    

    
            (b)   Authority.  Ocimum
      has the right, power and capacity to execute and deliver the Security
      Documents and to perform its obligations under the Security
      Documents.  The execution and delivery of the Security Documents by
      Ocimum and the performance by Ocimum of its obligations under the
      Security Documents have been duly and validly authorized and approved by
      all necessary corporate action.   The Security Documents have been (or,
      in the case of Security Documents that have not yet been executed, will
      be) duly executed and delivered by Ocimum and do (or will, in the case
      of Security Documents that have not yet been executed) constitute valid
      and binding agreements of Ocimum, enforceable against Ocimum in
      accordance with their respective terms, subject to applicable
      bankruptcy, insolvency, reorganization, moratorium and other similar
      Laws affecting the enforceability of creditors’ rights generally,
      general equitable principles and the discretion of courts in granting
      equitable remedies.  
    

    
            (c)   Non-Contravention.  Neither
      the execution and delivery of any Security Document, nor the performance
      by Ocimum of any of its obligations under any Security Document, does or
      would, after the giving of notice or the lapse of time or both, (i)
      conflict with, result in a breach of, constitute a default under, or
      violate the articles of incorporation or bylaws of Ocimum, in each case
      as they may have been amended, (ii) conflict with, result in a breach
      of, constitute a default under, or violate any Law, or (iii) conflict
      with, result in a breach of, constitute a default under, result in the
      acceleration of any rights or obligations under, create in any Person
      the right to accelerate any rights or obligations under or amend,
      modify, cancel or refuse to perform under, or require any notice under
      any contract or other arrangement to which Ocimum is a party or by which
      it or any of its assets or properties are bound, except for, in the case
      of clauses (ii) and (iii) above, conflicts violations,
      breaches or defaults which would not, individually or in the aggregate,
      have a Material Adverse Effect.
    

    
            (d)   Location
      and Condition of Collateral and Records.  All of the tangible
      Collateral essential to the operations of the Business and all Records
      relating to such Collateral are located at (i) 50 West Watkins Mill
      Road, Gaithersburg, Maryland 20878,  (ii) Cerulean Tower, 15th
      Floor, 26-1 Sakuragaoka-cho, Shibuya-Ku, Tokyo or (iii) such other
      address of which Ocimum may hereafter give written notice to Ore.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      6.    Affirmative Covenants.  Ocimum
      covenants and agrees that during the term of this Agreement, and while
      any Obligations are outstanding and unpaid, Ocimum will (i) continue to
      operate its business only in the Ordinary Course, and (ii) do and
      perform each of the acts and promises set forth in this Section 6.
    

    
            (a)   Payment
      of Obligations and Other Liabilities.  All Obligations shall be
      paid in full when and as due.
    

    
            (b)   Insurance.  Ocimum
      shall have and maintain at all times with respect to the Collateral
      insurance against risks of fire, extended coverage, sprinkler leakage
      and other risks customarily insured against by companies engaged in
      similar business to that of Ocimum. The Ocimum shall also obtain and
      maintain, during the term of the Security, liability and indemnity
      insurance with respect to its properties and business.  
    

    
            (c)   Further
      Acts.  Ocimum shall do, make, execute and deliver all such
      additional and further acts, things, deeds, assurances, financing
      statements and instruments as Ore may require more completely to vest in
      and assure to Ore its rights hereunder or in the Collateral.  Ocimum
      further agrees to provide Ore with such other financial or other
      information, certificates and statements as Ore from time to time may
      reasonably request.
    

    
            (d)   Compliance
      with Laws.  Ocimum shall comply with all applicable Laws, except
      where any noncompliance would not have a Material Adverse Effect.
    

    
            (e)   Tax
      Obligations.  Ocimum shall pay or cause to be paid when and as
      due all taxes, assessments, charges or levies imposed upon it or on any
      Collateral or any other property of Ocimum, or which it is required to
      withhold and pay over to the taxing authority, or which it must pay on
      its income, except where contested in good faith by appropriate
      proceedings with adequate reserves therefor having been set aside by it,
      provided that all such taxes, assessments, charges or levies must be
      paid whenever foreclosure on any lien that attaches or security therefor
      appears imminent; provided, however that the foregoing shall only apply
      if as a result of  the alleged or actual default there would be a
      Material Adverse Effect or except where any such failure would not have
      a Material Adverse Effect.
    

    
            (f)   Notice of
      Defaults and Litigation.  Ocimum shall give Ore prompt notice of
      any alleged or actual default by Ocimum under any indenture, agreement,
      document or undertaking to which Ocimum is a party or by which it is
      bound or of any claim, litigation, investigation, alternative dispute
      resolution proceeding or other proceeding commenced or threatened by or
      against Ocimum; provided, however that the foregoing shall only apply if
      as a result of  the alleged or actual default there would be a Material
      Adverse Effect.
    

    
            (g)   Notice of
      Changes in Accountants.  Ocimum shall give Ore prompt notice of
      any change in the third party accounting firm used for the preparation
      of Ocimum’s financial statements.
    

    
            (j)   Financial
      Information.  Ocimum shall employ IAS and, after June 15, 2009,
      furnish to Ore:
    

    
                  (i)    as soon as is reasonably practicable after their
      availability to Ocimum, a consolidated balance sheet of Ocimum as of the
      end of the last most recent fiscal quarter (no later than the quarter
      ending March 31, 2009), and consolidated statements of income, cash
      flows and shareholders’ equity of Ocimum for such fiscal period and for
      the period beginning on the first day of the last most recent fiscal
      year and ending on the date of such balance sheet, setting forth in
      comparative form the corresponding figures for the corresponding period
      of the preceding fiscal year, all in reasonable detail and certified by
      the chief financial officer of Ocimum;
    

    
                  (ii)   as soon as is reasonably practicable after they are
      available, consolidated financial statements which have been audited by
      independent public accountants or chartered accountants of recognized
      standing selected by Ocimum, including a consolidated balance sheet of
      Ocimum as of the end of such fiscal year, consolidated statements of
      income, cash flows and shareholders’ equity of Ocimum for such fiscal
      year, each on a comparative basis with corresponding financial
      statements for the preceding fiscal year, and appropriate notes related
      thereof, which financial statements shall be accompanied by a report of
      such accountants and stating in substance that such financial statements
      have been prepared in accordance with either IAS or GAAP consistently
      applied throughout (except for changes in application in which such
      accountants concur) and that the examination of accounts in connection
      with such financial statements has been made in accordance with the
      generally accepted auditing standards applicable in the jurisdiction in
      which such accountants are located and, accordingly, included such tests
      of accounting records and other auditing procedures as such accountants
      considered necessary or advisable under the circumstances;
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      7.    Events of Default.  The occurrence of
      any of the following events shall constitute an “Event of
      Default”:
    

    
            (a)   Failure
      to Pay. The failure of Ocimum or Ocimum India to pay any of the
      Obligations by the Maturity Dates and otherwise pursuant to the terms of
      the Note and this Agreement.
    

    
            (b)   Breach of
      Representation or Warranty.  The failure of any material
      representation or warranty made by Ocimum, Ocimum India or any Guarantor
      in any Security Document to, at the time made, be true in any material
      respect, which failure is not cured within thirty (30) days after notice
      thereof is delivered to Ocimum, Ocimum India or the Guarantor, as the
      case may be, by Ore.
    

    
            (c)   Violation
      of Covenant.  The failure by Ocimum to perform, or any violation
      by Ocimum of, any of the covenants set forth in any Security Document,
      which failure is not cured within thirty (30) days after notice thereof
      is delivered to Ocimum by Ore.
    

    
            (d)   Judgments.  The
      entry of any final judgment against Ocimum, Ocimum India or Guarantor
      for the payment of money which judgment would have a Material Adverse
      Effect and is not discharged within a period of thirty (30) days
      thereafter unless, pending appeal, such judgment is stayed or bonded.
    

    
            (e)   Levy by
      Judgment Creditor.  A judgment creditor shall obtain possession
      of any of the Collateral, that would have a Material Adverse Effect,  by
      any means, including levy, distraint, replevin or self-help, and Ocimum
      has not remedied same within thirty (30) days thereof.
    

    
            (f)   Involuntary
      Insolvency Proceedings.  The institution of involuntary
      Insolvency Proceedings against Ocimum that are not dismissed before the
      earliest to occur of: (i) the date that is ninety (90) days after the
      institution of such Insolvency Proceeding; (ii) the entry of an order
      for relief in such Insolvency Proceeding or any order adjudicating
      Ocimum, as applicable, insolvent; or (iii) the impairment (as to
      validity, priority or otherwise) of any security interest or lien of Ore
      in any material portion of the Collateral.
    

    
            (g)   Voluntary
      Insolvency Proceedings.  The commencement of voluntary
      Insolvency Proceedings by Ocimum.
    

    
            (h)   Insolvency
      Proceedings - Guarantor.  The occurrence of any of the events
      described in Sections 7(f) and (g) with respect to Ocimum
      India or the Guarantor.
    

    
            (i)   Default
      by Guarantor or Ocimum India.  The dissolution of Ocimum India
      or the Guarantor or the failure of the Guarantor to satisfy any
      obligation imposed on the Guarantor in the Guaranty Agreement.
    

    
            (j)   Attempt
      to Terminate Guaranty.  The receipt by Ore of written notice
      from the Guarantor that the Guarantor is attempting to terminate or
      limit any portion of its obligations under a Guaranty Agreement.
    

    
            (k)   Indictment
      of Ocimum, Ocimum India or Guarantor.  The indictment of Ocimum,
      any senior officer of Ocimum, Ocimum India, any senior officer of Ocimum
      India, or any of the Guarantors for a felony under any Law.
    

    
            (l)   Injunction.  The
      issuance of any injunction which enjoins or restrains Ocimum or Ocimum
      India from continuing to conduct any material part of Ocimum’s or Ocimum
      India’s business or affairs.
    

    
            (m)   Cross-Default.  A
      breach or default under any of the terms, covenants or conditions of any
      agreement of Ocimum relating to Senior Indebtedness or any other
      purchase money obligation or agreement for borrowed money in excess of
      Two-Hundred-Fifty Thousand Dollars ($250,000).
    

    
      8.    Remedies.  In addition to all
      other rights and remedies of a secured party under Article Nine and any
      other rights and remedies available under any other applicable Laws or
      this Agreement, upon the occurrence of any of the above Events of
      Default and the expiration of any cure period specifically permitted in Section
      7, Ore may avail itself of any or all of the rights and remedies set
      forth in this Section 8.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
            (a)   Acceleration.  Accelerate
      and call due any and all of the Obligations, except that upon the
      occurrence of an event of default described in Sections 7(f), (g)
      or (h), all of the Obligations shall automatically become
      immediately due and payable without the requirement of any notice.
    

    
            (b)   Default
      Rate.  Impose the Default Rate on the outstanding Principal
      Amount from and after occurrence and during the continuance of an Event
      of Default.
    

    
            (c)   Seizure
      of Collateral.  Enter upon any premises on which the Collateral
      may be situated and remove the same therefrom without liability for
      trespass or any other right of action by reason of Ore’s taking
      possession of the Collateral.
    

    
            (d)   Sale of
      Collateral.  Sell any part or all of the Collateral, provided
      that Ore shall give to Ocimum at least five (5) days prior written
      notice of the time and place of any public or private sale of
      Collateral.  Ore may bid upon and acquire the Collateral at any public
      sale, free of any right of redemption of Ocimum, which right is hereby
      waived and released.  After deducting from the proceeds of such sale or
      other disposition of Collateral all expenses of sale, including but not
      limited to reasonable expenses for legal counsel, auctioneer’s fee,
      court costs and advertising expenses, Ore shall apply the proceeds of
      such sale toward the satisfaction of all sums due to Ore under the
      Obligations.  Any remainder of the proceeds after satisfaction of the
      Obligations shall be distributed as required by applicable Law.
    

    
            (e)   Retention
      of Collateral.  Elect to take and retain the Collateral (or any
      part thereof) as Ore’s property, free of any claim or right of Ocimum,
      in full satisfaction of any or all of the Obligations.
    

    
            (f)   Collection
      of Revenue.  Collect and receive all rents, income, revenues,
      earnings, issues and profits relating to the Collateral or use, operate,
      manage and control the Collateral in any lawful manner.
    

    
            For avoidance of doubt, the rights and remedies provided to Ore in
      the Security Documents or under applicable Law shall be cumulative and
      the exercise of any particular right or remedy shall not preclude the
      exercise of any other right or remedy in addition to or as an
      alternative to such right or remedy
    

    
      9.    Waivers.  Ocimum hereby waives demand,
      notice, protest, notice of acceptance of this agreement, notice of
      Security made, or notice of any other action taken in reliance on the
      terms of this Agreement or the other Security Documents and all other
      demands and notices of any description.  With respect to the Obligations
      and the Collateral, Ocimum hereby consents to any extension or
      postponement of time of payment or any other indulgence, or any
      substitution, exchange or release of Collateral and to the release of
      any party or Person primarily or secondary liable, to the acceptance of
      partial payments of the Obligations all in such manner and at such time
      or times as Ore may deem advisable.  Ore shall have no duty as to the
      collection or protection of Collateral or any income thereon nor as to
      the preservation of rights of other parties obligated under this
      Agreement or any of the other Security Documents.  Ore may exercise its
      rights with respect to the Collateral without resorting to any other
      sources of reimbursement for any amount due hereunder.  Ore shall not be
      deemed to waive any of its rights upon or under the Obligations unless
      such waivers are in writing signed by an authorized officer of Ore. No
      delay or omission on the part of Ore in exercising any right shall be
      deemed a waiver of any such right or any other right.  A waiver on any
      one occasion shall not be construed as a bar requiring a waiver of such
      right on any future occasion.  All rights and remedies of Ore hereunder
      or under any related agreement shall be cumulative and may be exercised
      singly or concurrently.
    

    
      10.   Expenses.  Ocimum shall pay to Ore on demand
      any and all expenses incurred or paid by Ore in establishing, defending,
      protecting or enforcing its security interest or rights upon or under
      the Obligations or with respect to the Collateral or in collecting all
      amounts due under the Obligations, including, without limitation, all of
      Ore’s reasonable attorneys fees, accountants and appraisers fees, fees
      of auctioneers and selling agents, costs of taking possession, repair
      and refurbishing of the Collateral and cost of sale of the Collateral,
      the cost of perfecting or protecting any security interest in the
      Collateral; provided, however, that the cost of preparing and filing all
      financing statements or other documents required to perfect the Security
      Interest, including but not limited to all recording costs and taxes
      shall be borne by Ore (except that if Ocimum makes the PTO filing Ocimum
      pays for the cost related thereto).  All of such sums shall be deemed to
      be additional amounts due under the Security and shall bear interest
      from the date an invoice for such amount is rendered to Ore at the
      Default Rate and shall be subject to repayment from any funds received
      by Ore from Ocimum prior and in preference to applying such funds
      against any principal and interest due under the Obligations.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      11.   Miscellaneous.  (a)  Notices.  Any
      notice required hereby shall be deemed properly given if delivered by
      certified or registered mail or delivered by other carrier service
      normally providing evidence of receipt if addressed to the Parties at
      the addresses set forth below or at such other addresses as any Party
      may give notice of to the other Parties.
    

    

    

    
    	
          If to Ore:
        	
          Ore Pharmaceuticals Inc.

          
            610 Professional Drive, Suite 101
          

          
            Gaithersburg, Maryland 20879
          

          
            Attention: Chief Executive Officer
          

          
            E-Mail: mgabrielson@orepharma.com
          

        
	

        	
           
        
	
          with a copy to:
        	
          Venable LLP

          
            575 7th Street N.W.
          

          
            Washington, DC 20004
          

          
            Attention: Ariel Vannier, Esquire
          

          
            Facsimile: (410) 244-7742
          

          
            E-Mail: AVannier@Venable.com
          

        
	

        	
           
        
	
          If to Ocimum:
        	
          
            Ocimum Biosolutions Inc.
          

          
            #8765, Guion Road, Suite #G
          

          
            Indianapolis, IN 46268, USA
          

          
            Attention: Subash Lingareddy
          

          
            Facsimile: 317-228-0700
          

          
            E-Mail: subash@ocimumbio.co
          

        
	

        	
           
        
	
          with a copy to:
        	
          O3 Capital Advisors Pvt. Ltd.

          
            #3 Levelle Road,
          

          
            Bangalore 560 001, India
          

          
            Attention: Shiraz Bugwadia
          

          
            Facsimile: +91-80-4112-0153
          

          
            E-Mail: shiraz.bugwadia@o3capital.com
          

        
	

        	
           
        
	
          And to:
        	
          Baker Donelson Bearman Caldwell and Berkowitz PC

          
            211 Commerce Street, Suite 1000
          

          
            Nashville, Tennessee 37201
          

          
            Attention: Robert J. Looney, Esq.
          

          
            Facsimile: 615-744-5647
          

          
            E-mail: blooney@bakerdonelson.com
          

        

    

    
                (c)       Binding
      Effect.  This agreement shall inure to the benefit of and be
      binding on and enforceable against the successors and assigns of the
      Parties.  In addition to all other rights of Ore, Ore shall have the
      right to assign all or any portion of its rights and interest under this
      Agreement to any party making Securitys to Ore either as security for
      the Securitys made to Ore or to put the party making Securitys to Ore in
      the position of Ore under the terms of this Agreement.
    

    
                (d)       Governing
      Law; Venue; Jury Trial Waiver.  This Agreement shall be governed
      by and construed and enforced in accordance with the laws of the State
      of Maryland and the federal laws of the United States of America,
      without regard to principles of conflicts of laws.  The state or federal
      courts located within the State of Maryland shall have jurisdiction over
      any and all disputes arising from or related to this Agreement or the
      transactions contemplated hereby.  All proceedings between the Parties
      under or relating to this Agreement or any breach hereof shall be
      conducted solely in the English language. The Parties also consent to
      the service of process in connection with any dispute or claim arising
      hereunder by personal delivery, mailing such notice to the other party
      by registered or certified mail, postage prepaid at the addresses
      provided in the preamble of this Agreement or such other address as a
      Party may from time to time give notice of to the other Parties, or any
      other manner permitted by law.  EACH OF THE PARTIES HEREBY IRREVOCABLY
      WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING
      OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
      HEREBY.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
                (e)       Severability.
      If any provision of this Agreement is deemed to be invalid or
      unenforceable, such provision shall be severed from this Agreement and
      shall not affect the other terms and provisions of this Agreement and
      the Parties agree promptly to negotiate and enter into an amendment to
      this Agreement incorporating a provision having an effect as close as
      permitted by applicable Law to the provision deemed invalid or
      unenforceable.
    

    
                (f)       Entire
      Agreement. The Security Documents contain the final and entire
      agreement and understanding of the Parties, and supersede any prior
      written or oral agreement of the Parties, with respect to the subject
      matter hereof.  Neither this Agreement nor the Note may be amended or
      altered except by a writing signed by all Parties.
    

    
                (g)       Headings.  The
      headings contained herein are for purposes of convenience only and not a
      part of, and shall not control the interpretation or construction of,
      this Agreement.
    

    
                (h)       Counterparts.  This
      Agreement may be executed in counterparts, each of which shall be deemed
      an original, and all of which shall together constitute one and the same
      instrument.
    

    
                (i)       Effective
      Date.  This Agreement shall be effective as of the Effective
      Date, regardless of the date of execution or delivery hereof.
    

    

    

    
      * * *
    

    
      The remainder of this page is left blank
      intentionally.  Signatures follow on the next page.

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      IN WITNESS WHEREOF, the Parties have caused this Agreement to be
      executed on their respective behalf as an instrument under seal by their
      respective duly authorized officers as of the Effective Date.
    

    

    

    
    	
          
            Ore:
          

          
            ORE PHARMACEUTICALS INC.
          

        
	
          By:
        	
          /s/ Mark J. Gabrielson
        	
          (SEAL)
        
	
          Name:
        	
          Mark J. Gabrielson
        	

        
	
          Title:
        	
          President and Chief Executive Officer
        	

        

    

    
    	
          Ocimum:

          
            OCIMUM BIOSOLUTIONS, INC.
          

        
	
          By:
        	
          /s/ Subash Lingareddy
        	
          (SEAL)
        
	
          Name:
        	
          Subash Lingareddy
        	

        
	
          Title:
        	
          DirectorExhibit 10.113
    

    

    

    
      UNCONDITIONAL GUARANTEE AGREEMENT
    

    

    

    
      THIS UNCONDITIONAL GUARANTY AGREEMENT (this “Agreement”)
      is effective as of the 15th day of June, 2009, between
      CORAMANDEL INFRASTRUCTURE PRIVATE LIMITED, a company incorporated under
      the Company Act, 1956, in the Republic of India (the “Guarantor”),
      in favor of ORE PHARMACEUTICALS INC., a Delaware corporation, any
      successor holder of the Note described below, and all successors and
      assigns of any of the foregoing (collectively, “Ore”).
    

    
      WHEREAS, Ore, Ocimum Biosolutions Inc., a Delaware corporation
      and an affiliate of Guarantor ( “Ocimum”), and Ocimum
      Biosolutions (India) Limited, a company incorporated under the Company
      Act, 1956 in the Republic of India, the parent of Ocimum and an
      affiliate of Guarantor (“Ocimum India”, and
      together with Ocimum, “Maker”), have agreed to
      Maker’s Secured Note (the “Note”) of even date
      herewith in a stated principal amount equal to Three Million Dollars
      ($3,000,000) (the “Principal Amount”); (ii) that certain
      Security Agreement of even date herewith between Ore and Ocimum (the “Security
      Agreement”); and (iii) other Security Documents (as defined in
      the Security Agreement).
    

    
      WHEREAS, Ore desires a guaranty of the Note and Guarantor has
      agreed to guaranty the Note, pursuant to the terms of this Agreement.
    

    
      NOW, THEREFORE, in consideration of the foregoing and in
      consideration of the mutual covenants herein contained and of One Dollar
      ($1.00) and other good and valuable consideration, the receipt and
      sufficiency of which is hereby acknowledged, the Guarantor hereby agrees
      as follows:
    

    
      1.    Recitals.   The above recitals
      are incorporated herein as part of this Agreement.
    

    
      2.    Representations and Warranties of the
      Guarantor.  The Guarantor represents and warrants that as of the
      date hereof:
    

    
            (a)   The Note obligates Ocimum and Ocimum India to repay a
      commercial loan within the meaning of Section 12-101(c) of the
      Commercial Law Article of the Annotated Code of Maryland.
    

    
            (b)   Guarantor has read or has had an opportunity to review the
      Note, the Security Agreement (the other Security Documents) and all
      documents referred to herein or therein, and this Agreement is
      Guarantor’s valid and legally binding obligation and is fully
      enforceable against Guarantor in accordance with its terms, except as
      such may be limited by bankruptcy, insolvency, reorganization,
      moratorium or other laws affecting creditors’ rights generally.  
    

    
            (c)   Except as disclosed on Schedule
      2(c) attached hereto and incorporated herein by this reference,
      there are (i) no provisions of any existing mortgage, indenture,
      contract or agreement binding on Guarantor or affecting Guarantor’s
      property, and (ii) to Guarantor’s knowledge, no provision of law or
      order of court or of an administrative officer or administrative agency,
      binding upon Guarantor or Guarantor’s property, which would conflict
      with or in any way prevent the execution, delivery or performance of the
      terms of this Agreement or which would be in default or breached as a
      result of such execution, delivery or performance.  
    

    
            (d)   There are no proceedings pending or, so far as the Guarantor
      knows, threatened, before any court or administrative agency or officer
      which, in the reasonable opinion of the Guarantor, will materially
      adversely affect its financial condition.  
    

    
      3.    Guaranty.  Guarantor hereby
      fully absolutely, unconditionally and irrevocably guarantees to Ore all
      of the following obligations (collectively, the “Guaranteed
      Obligations”):
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
            (a)   the full and prompt payment (and not merely the collection)
      of the then-outstanding Principal Amount and all other amounts due with
      respect to the Note, including all interest payments thereon, and any
      and all renewals, extensions, substitutions and replacements thereof; and
    

    
            (b)   the payment of all expenses and charges (including all court
      costs and reasonable attorneys’ fees) paid or incurred by Ore in
      realizing upon the Note or in enforcing this Agreement, the Security
      Agreement or any other Security Documents.
    

    
      4.    Separate Causes of Action.  Each
      and every Event of Default (hereinafter defined) or failure by Maker to
      punctually pay or perform any of Maker’s Obligations (as defined in the
      Security Agreement) underlying the Guaranteed Obligations shall give
      rise to a separate cause of action hereunder, and separate actions may
      be brought hereunder as each cause of action arises.
    

    
      5.    Continuing Guaranty.   The
      obligations of the Guarantor under this Agreement shall be continuing,
      irrevocable and unconditional and shall remain in full force and effect
      so long as any of the Guaranteed Obligations remain unpaid or
      unperformed, irrespective of the invalidity, irregularity or
      unenforceability of the Note.  Without limiting the generality of the
      foregoing, the obligations of the Guarantor hereunder shall not, to the
      maximum extent permitted by law, be affected, modified or impaired upon
      the happening from time to time of any event or circumstance, including,
      without limitation, the assignment, waiver of payments, performance or
      observance, compromise, settlement, release or termination of any or all
      of the rights, remedies, obligations, covenants or agreements of Maker
      or the Guarantor under the Note, the extension of time for the payment
      of all or any part of the principal of, or interest on, the Note, the
      modification or amendment of any obligation, covenant, agreement or
      provision of the Note; any failure, omission, delay or deficiency on the
      part of Ore to enforce, assert or exercise any right, power or remedy
      conferred on it; the voluntary or involuntary liquidation, dissolution,
      merger, sale or other disposition of all or substantially all of the
      assets of Maker, or any receivership, insolvency, bankruptcy, assignment
      for the benefit of creditors, reorganization, arrangement, composition
      or readjustment of debt or other similar proceeding affecting Maker or
      any of the Guaranteed Obligations; the release or discharge of any other
      guarantor of the Guaranteed Obligations from such guarantee or the
      performance or observance of any obligation, covenant, agreement, duty,
      term or condition in respect thereof, whether by operation of law or for
      any other reason or; the release of any collateral or security for any
      of the Guaranteed Obligations or any other guaranty thereof.
    

    
      6.    Right to Proceed Directly Against the
      Guarantor.  Upon the occurrence of an Event of Default, Ore, in
      its sole discretion, may proceed first and directly against the
      Guarantor under this Agreement without proceeding against or exhausting
      any other security held by any person in connection with the Guaranteed
      Obligations or the Guarantor’s obligations hereunder, and without first
      filing any suit or proceeding to obtain or assert a claim for judgment
      against Maker or any other guarantor of the Guaranteed Obligations,
      foreclosing on or disposing of any security therefor, or making any
      effort at collection of the Guaranteed Obligations from Maker, any other
      guarantor thereof or any other person.
    

    
      7.    Confession of Judgment.          UPON
      A DEFAULT IN A PAYMENT UNDER THE NOTE, OR IN THE PAYMENT OF ANY
      INSTALLMENT DUE THEREUNDER, THE GUARANTOR HEREBY APPOINTS AND AUTHORIZES
      ANY ATTORNEY OF ANY COURT OF RECORD THE GUARANTOR’S TRUE AND LAWFUL
      ATTORNEY-IN-FACT FOR THE GUARANTOR AND IN THE GUARANTOR’S NAME AND
      STEAD, TO ACKNOWLEDGE SERVICE OF ANY AND ALL LEGAL PAPERS FOR ANY KIND
      OF SUIT BROUGHT FOR COLLECTION OF THE OBLIGATION AND TO APPEAR FOR THE
      GUARANTOR IN ANY COURT OF COMPETENT JURISDICTION IN THE STATE OF
      MARYLAND OR ANY OTHER STATE OR TERRITORY OF THE UNITED STATES AND, WITH
      OR WITHOUT DECLARATION FILED, TO ACKNOWLEDGE AND CONFESS JUDGMENT
      AGAINST THE GUARANTOR JOINTLY AND SEVERALLY AND IN FAVOR OF THE HOLDER
      OF THE NOTE FOR THE ENTIRE PRINCIPAL AMOUNT OF THE NOTE THEN REMAINING
      UNPAID, WHETHER BY ACCELERATION OR OTHERWISE, TOGETHER WITH ALL COURT
      COSTS AND ACTUAL ATTORNEYS' FEES AND EXPENSES, FOR COLLECTION, WITH
      RELEASE OF ERRORS, WITHOUT STAY OF EXECUTION, OR RIGHT OF APPEAL, HEREBY
      RATIFYING AND CONFIRMING THE ACTS OF SAID ATTORNEY-IN-FACT AS FULLY AS
      IF DONE BY THE GUARANTOR.  ALL LAWS EXEMPTING REAL OR PERSONAL PROPERTY
      FROM EXECUTION, AND INQUISITION AND EXTENSION UPON ANY LEVY ON REAL OR
      PERSONAL PROPERTY ARE HEREBY WAIVED, AND NO BENEFIT OF EXEMPTION WILL BE
      CLAIMED UNDER OR BY VIRTUE OF ANY EXEMPTION LAW NOW IN FORCE OR WHICH
      HEREAFTER MAY BE PASSED.  NO SINGLE EXERCISE OF THE FOREGOING POWER TO
      CONFESS JUDGMENT SHALL BE DEEMED TO EXHAUST THE POWER, WHETHER OR NOT
      ANY SUCH EXERCISE SHALL BE HELD BY ANY COURT TO BE INVALID, VOIDABLE OR
      VOID, BUT THE POWER SHALL CONTINUE UNDIMINISHED AND IT MAY BE EXERCISED
      FROM TIME TO TIME AS OFTEN AS THE HOLDER OF THE NOTE SHALL ELECT, UNTIL
      SUCH TIME AS THE HOLDER OF THE NOTE SHALL HAVE RECEIVED PAYMENT IN FULL
      OF SUCH INDEBTEDNESS OF MAKER, TOGETHER WITH INTEREST THEREON, AND ALL
      COSTS INCURRED IN COLLECTING THE NOTE AND/OR THIS GUARANTY.  
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      8.    Liability of Guarantor Unaffected by
      Third Party Bankruptcy and Insolvency Proceedings.  To the
      maximum extent permitted by law, no modification, limitation or
      discharge of liability of any other guarantor of the Guaranteed
      Obligations or of Maker under the Note arising out of, or by virtue of,
      any bankruptcy, arrangement, reorganization or similar proceedings for
      release of debtors under federal or state law shall affect the liability
      of the Guarantor hereunder in any manner whatsoever; and the Guarantor
      hereby waives all rights and benefits which might accrue to him by
      reason of any such proceedings.  
    

    
      9.    Waivers by Guarantor.  The
      Guarantor hereby expressly waives (i) presentment and demand for payment
      of the principal of or interest on the Note and protest of nonpayment,
      (ii) notice of acceptance of this Agreement and presentment, demand and
      protest, (iii) notice of any Event of Default under the Note and of any
      indulgences granted hereunder, (iv) demand for observance or performance
      of, or enforcement of, any terms or provisions of this Agreement or the
      Note, and (v) all other notices and demands otherwise required by law
      which the Guarantor may lawfully waive, except for any notice expressly
      provided for herein.  
    

    
      10.   Events of Default.  Any of the
      following shall constitute a default (an “Event of Default”)
      hereunder:
    

    
            (a)   Any representation or warranty made herein shall prove to be
      false or misleading in any material respect when made;
    

    
            (b)   Any default occurs under the Note or any other Security
      Document;
    

    
            (c)   The Guarantor fails to observe or comply with any of the
      covenants set forth herein;
    

    
            (d)   The dissolution of Guarantor; or
    

    
            (e)   The institution of involuntary Insolvency Proceedings (as
      defined in the Security Agreement) against Guarantor that are not
      dismissed before the earliest to occur of: (i) the date that is ninety
      (90) days after the institution of such Insolvency Proceeding; or (ii)
      the entry of an order for relief in such Insolvency Proceeding or any
      order adjudicating Guarantor, as applicable, insolvent; or (iii) the
      impairment (as to validity, priority or otherwise) of any security
      interest or lien of Ore in any material portion of the Collateral (as
      defined in the Security Agreement).
    

    
            (f)   The commencement of voluntary Insolvency Proceedings by
      Guarantor.
    

    
            After the occurrence of any Event of Default hereunder, the full
      amount of the Guaranteed Obligations hereunder shall become immediately
      due and payable by Guarantor to Ore, whether the same be payable by
      reason of acceleration or otherwise.  All payments hereunder shall be
      applied to the Guaranteed Obligations in such order and amounts as Ore,
      in its sole discretion, shall determine.  
    

    
      11.   Remedies Cumulative.  No
      remedy herein incurred or reserved is intended to be exclusive of any
      other available remedy or remedies, but each and every such remedy shall
      be cumulative and shall be in addition to every other remedy given under
      this Agreement or now or hereafter existing at law or inequity or by
      statute.  
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      12.   No Waivers Except in Writing.  No
      delay or omission to exercise any right or power accruing upon any Event
      of Default, or omission or failure of performance hereunder shall impair
      any such right or power or shall be construed to be a waiver thereof,
      but any such right and power may be exercised from time to time as often
      as may be deemed expedient.  In order to exercise any remedy provided
      for in this Agreement, it shall not be necessary for Ore to give any
      notice, other than such notice as may be expressly required hereby.  In
      the event any provision contained in this Agreement shall be breached by
      the Guarantor and thereafter be duly waived by Ore, such waiver shall be
      limited to the particular breach so waived and shall not be deemed to
      waive any other breach hereunder.  No waiver, amendment, release or
      modification of this Agreement shall be established by conduct, custom
      or course of dealing, but solely by an instrument in writing signed by
      the party against which enforcement is being sought.
    

    
      13.   Successors and Assigns.  Whenever in
      this Agreement Ore is referred to, such reference shall be deemed to
      include its successors and assigns, to the extent applicable.  This
      Agreement shall also be binding upon the assigns, heirs and personal
      representatives of the Guarantor.
    

    
      14.   Notices.  Any notice required
      hereby shall be deemed properly given if delivered by certified or
      registered mail or delivered by other carrier service normally providing
      evidence of receipt if addressed to the party hereto at the addresses
      set forth below or at such other addresses as any party hereto may give
      notice of to the other party hereto:
    

    

    

    
    	
          If to Ore:
        	
          Ore Pharmaceuticals Inc..

          
            610 Professional Drive, Suite 101
          

          
            Gaithersburg, Maryland 20879
          

          
            Attn: Chief Executive Officer
          

          
            E-mail: mgabrielson@orepharma.com
          

        
	

        	
           
        
	
          With a copy to:
        	
          Venable LLP

          
            1800 Mercantile Bank & Trust Building
          

          
            Two Hopkins Plaza
          

          
            Baltimore, Maryland 21201
          

          
            Attn: Ariel Vannier, Esq.
          

          
            Facsimile: (410) 244-7742
          

          
            E-mail: AVannier@Venable.com
          

        
	

        	
           
        
	
          If to Guarantor:
        	
          Coramandel Infrastructure Private Limited

          
            Plot 120, Flat 101
          

          
            1st Floor, G.K. Classic
          

          
            Srinagar Colony
          

          
            Hyperabad-500073
          

          
            India
          

          
            Attn: Dr. L.V. Subbaredy
          

          
            Facsimile: +91(40) 23737695
          

        
	

        	
           
        
	
          with a copy to:
        	
          Baker Donelson Bearman Caldwell and Berkowitz

          
            211 Commerce Street, Suite 1000
          

          
            Nashville, Tennessee 37201
          

          
            Attention: Robert J. Looney, Esq.
          

          
            Facsimile: 615-744-5647
          

          
            E-mail: blooney@bakerdonelson.com
          

        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      15.      Invalid or Unenforceable
      Portions.      The invalidity, illegality or unenforceability of
      any one or more phrases, sentences, clauses or sections contained in
      this Agreement shall not affect the validity, legality or enforceability
      of the remaining portion of this Agreement or any part hereof.
    

    
      16.      Waiver of Subrogation.  Nothing
      contained herein shall be construed to give the Guarantor, nor shall the
      Guarantor have, any right of subrogation, and Guarantor hereby waives
      any right of subrogation, in or to Ore’s rights or claims, or any part
      thereof, until all amounts owing to Ore have been paid in full.
    

    
      17.      Voidable Transfers.  If
      at any time any payment or portion thereof, made by or for the account
      of the Guarantor on account of any of the obligations and liabilities
      hereunder is set aside by any court or trustee having jurisdiction as a
      voidable preference or fraudulent conveyance or must otherwise be
      restored or returned by Ore under any insolvency, bankruptcy or other
      federal and/or state laws or as a result of any dissolution, liquidation
      or reorganization of the Maker or upon, or as a result of, the
      appointment of any receiver, intervenor or conservator of, or trustee or
      similar officer for, the Maker or any substantial part of its properties
      or assets, the Guarantor hereby agrees that this Agreement shall
      continue and remain in full force and effect or be reinstated, as the
      case may be, all as though such payment(s) had not been made.
    

    
      18.       Governing Law;
      Venue; Jury Trial Waiver.          This Agreement shall be
      governed by and construed and enforced in accordance with the laws of
      the State of Maryland and the federal laws of the United States of
      America, without regard to principles of conflicts of laws.  The state
      or federal courts located within the State of Maryland shall have
      jurisdiction over any and all disputes arising from or related to this
      Agreement or the transactions contemplated hereby.  All proceedings
      between the Parties under or relating to this Agreement or any breach
      hereof shall be conducted solely in the English language. The Parties
      also consent to the service of process in connection with any dispute or
      claim arising hereunder by personal delivery, mailing such notice to the
      other party by registered or certified mail, postage prepaid at the
      addresses provided in the preamble of this Agreement or such other
      address as a Party may from time to time give notice of to the other
      Parties, or any other manner permitted by law.  EACH OF THE PARTIES
      HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION OR
      PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
      TRANSACTIONS CONTEMPLATED HEREBY.
    

    
      19.      Entire Agreement.  This
      Agreement contains the final and entire agreement and understanding of
      the Parties, and supersedes any prior written or oral agreement of the
      Parties, with respect to the subject matter hereof.  This agreement may
      not be amended or altered except by a writing signed by all Parties.
    

    

    

    
      * * *
    

    
      The remainder of this page is left blank intentionally.  Signature
      page follows.

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      IN WITNESS WHEREOF, this Agreement has been duly executed and
      delivered by the undersigned, under seal, as of the date first above
      written.
    

    

    

    
    	
          GUARANTOR
        	

        
	
          By:
        	
          /s/ Sunil Lingareddy
        	
          (SEAL)
        
	
          Name:
        	
          Sunil Lingareddy
        	

        
	
          Title:
        	
          MD

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]