Document:

Exhibit 10.9

 

Confidential treatment has been requested
for portions of this document indicated by [***], which portions are filed separately with the Commission.

 

AGREEMENT

 

 

This Agreement is entered into by and between
PATRIOT SCIENTIFIC CORPORATION (“PTSC”), PHOENIX DIGITAL SOLUTIONS f/k/a P-Newco (“PDS”), and TECHNOLOGY
PROPERTIES LIMITED LLC (“TPL”) hereinafter sometimes collectively referred to as the “Parties”.

 

WHEREAS, the rights and/or prerogatives
of the various entities having an interest in the ongoing operation of the MMP Commercialization Program (“MMP ComProg”)
have not as yet been fully and finally agreed upon with respect to several issues impacting future operations; and,

 

WHEREAS, it is in the mutual interest of
the Parties to allow and enable the exercise of their respective rights and/or prerogatives.

 

NOW THEREFORE, for and in consideration
of the mutual covenants herein contained as well as other good and valuable consideration the receipt and sufficiency of which
is hereby acknowledged, it is covenanted and agreed by and between the Parties that:

 

A. The Commercialization Agreement (“PDS/TPL
ComAg”) between the Parties shall be deemed to be modified to the extent necessary to enable the implementation of the provisions
of paragraph D below, excepting only the exercise of the authority granted at section 2.2(c) with respect to the conduct of litigation
activity which shall:

 

1. Remain the province of TPL
with respect to the infringement litigation involving the MMP Portfolio presently pending in the Northern District of California
(“NorCal Litigation”), together with PTSC and/or PDS as appropriate;

 

    	 

    	 

    

 

2. Remain the province of TPL
with respect to proceedings [***] together with PDS and/or PTSC as appropriate; and,

 

3. Remain the province of TPL
with respect to [***] together with PDS and/or PTSC as appropriate;

 

[***]

 

B. [***]

 

C. [***]

 

D. PDS shall exert its immediate best efforts
to enter into a new Agreement ("NewAg") with an entity selected by PTSC upon such terms as will provide for a seamless
transition and continuation of the MMP ComProg under the guidance and control of PDS, with PDS serving as the Project manager and
exclusive Licensor in the execution and conduct thereof as under Article II and Exhibit A of the PDS/TPL ComAg in lieu of TPL,
excepting only the exercise of TPL Enforcement Rights which shall remain the province of TPL.

 

E. PDS shall distribute directly to each
of the Parties that portion of the proceeds of the MMP ComProg to which that entity or person is legally entitled.

 

F. Each of the grants of rights by TPL with
respect to the MMP Portfolio, including specifically the License Agreements entered into by TPL in conjunction with the MMP ComProg,
shall for all purposes be deemed to:

 

			1. Have been made and entered into for and on behalf of PTSC, PDS, TPL, and Charles H. Moore (“CHM”) as co-licensors
of their respective interests in the MMP portfolio; and,

 

			2. Continue in full force and effect, unaffected or in any manner impacted by this transaction.

 

G. [***]

 

H. [***]

 

    	2

    	 

    

 

IN WITNESS WHEREOF, the parties have hereunto
set their hands and seals as of __ July 2012.

 

 

	 	PHOENIX DIGITAL SOLUTIONS	 	 	TECHNOLOGY PROPERTIES LIMITED LLC	 
	 	 	 	 	 	 
	By:	/s/ Carlton M. Johnson	 	By:	/s/ Daniel E. Leckrone	 
	 	Carlton M. Johnson, Mgr	 	 	Daniel E. Leckrone, Chmn	 
	 	 

	 	 	 	 
	By:	/s/ Daniel Leckrone	 	 	 	 
	 	Daniel E. Leckrone, Mgr.	 	 	 	 

 

 

 

PATRIOT SCIENTIFIC CORPORATION

 

	 	 	 	 	 	 
	By:	/s/ Carlton M. Johnson	 	 	 	 
	 	Carlton M. Johnson	 	 	 	 
	 	Chairman of Executive Committee	 	 	 	 

 

 

Attachments:

 

Exhibit A

 

 

    	3

    	 

    

EXHIBIT A

 

[***]

 

 

 

 

 

 

4Exhibit 10.1

 

 

January 29, 2013

 

Sameer Harish

[Address]

 

Re:      Offer of Employment as Chief Financial Officer

 

Dear Mr. Harish:

 

Oculus Innovative Sciences, Inc. (the “Company”)
is pleased to offer you (the “Executive”) the position of Chief Financial Officer (“CFO”)
of Ruthigen, Inc. (“Ruthigen”), a wholly-owned subsidiary of the Company, reporting directly to the Chief Executive
Officer of Ruthigen. The purpose of this letter is to outline the terms and conditions of your employment, so please review this
offer letter carefully. Your signature in the space provided at the end of this letter indicates that you accept our offer of employment
on these terms.

 

Salary/Benefits: You will be paid
a salary rate of two hundred and twenty five thousand ($225,000) USD per year commencing on the Employment Date (as defined below).
In addition, you will receive 350,000 shares of Ruthigen’s common stock in the form of founder’s shares. Shares will
vest monthly over 60-months as further defined by the Ruthigen’s Board of Directors at a future date. You will be eligible
to participate in the Company’s medical, dental, vision and retirement (401(k)) plans on the same terms as other Company
executives.

 

Duration: This is a full time position
subject to change with or without notice.

 

Employment Date: We would like you
to begin employment in this new position on February 1, 2013.

 

Employment At-Will: Employment with
the Company is not for a specific term and can be terminated by you or by the Company at any time for any reason, with or without
cause. Any contrary representations which may have been made or which may be made to you are superseded by this offer.

 

Termination Upon Sale of
Business: In the event of a merger, consolidation, sale of assets of greater than 50% of Ruthigen that occurs after
Ruthigen’s planned initial public offering, or other change of control of Ruthigen after its planned initial public
offering (a “Change in Control Event”), and should the Executive be terminated without cause within one
year after such Change in Control Event, the Executive shall be entitled to full vesting of outstanding shares, common or
restricted, and/or stock options held by the Executive as of his date of termination after the Change in Control Event. Other
than the foregoing, there shall be no accelerated vesting in any Change in Control Event.

 

Indemnification: The Company shall
indemnify the Executive, to the maximum extent permitted by applicable law and by its Restated Certificate of Incorporation, as
may be amended from time to time, against all costs, charges and expenses incurred or sustained by the Executive in connection
with any action, suit or proceeding to which he may be made a party by reason of being an officer, director or employee of the
Company or of any subsidiary or affiliate of the Company or any other corporation for which the Executive serves in good faith
as an officer, director, or employee at the Company’s request. Further, the Company shall maintain a directors & officers
liability insurance policy covering the Executive to the extent the Company provides such coverage for its other executives.

 

    	1

    	 	

    
 

 

Confidential and Proprietary Information:
The Company expects that you work all your business hours exclusively for Ruthigen, and that you will not directly or indirectly
engage in any other employment, consulting or business activity elsewhere. This policy is further detailed in a certain Confidentiality
Agreement, a copy of which is attached for your signature. The Company has a firm policy against its employees using any trade
secrets or other proprietary information of third parties or previous employers in the course of performing their duties for the
Company. This policy is set forth in a certain separate agreement entitled “Proprietary Information and Inventions Agreement,”
a copy of which is attached for your signature. During your employment with Ruthigen and with the Company, you may not disclose
to the Company or use, or induce the Company to use, any trade secrets or other proprietary information of others, including your
prior employers. By accepting employment with the Company, you agree that you will not, in the performance of your duties at the
Company, utilize or disclose any proprietary information of former employers and that you will take with you no tangible items
such as drawings or reports when you leave your current employer. This offer letter sets forth the entire agreement between you
and the Company concerning your employment and neither you nor the Company shall be bound by any condition or understanding with
the respect to your employment other than is expressly provided in this letter. This offer can only be amended in writing, signed
by the Company and you.

 

Your employment is contingent upon the
following: (1) signing the attached Proprietary Information and Inventions Agreement, (2) signing the attached Confidentiality
Agreement, (3) providing the Company with legally required proof of identity and authorization to work in the United States, and
(4) any and all other documents customarily executed at the time of starting employment.

 

We look forward to having you join
the Ruthigen team and believe it will be a challenging and rewarding opportunity. Please indicate your acceptance of this
offer by signing and returning one copy of this letter to me.

 

Sincerely,

 

 

	/s/ Hojabr Alimi	 	 
	
        Hojabr Alimi

        Chief Executive Officer of Ruthigen, Inc.

         

         

         

Agreed and accepted:

 

	/s/ Sameer Harish	 	Date: 2/1/2013
	Sameer Harish	 	 

 

 

    	2Exhibit 10.11 Promissory Note

PROMISSORY NOTE

		
	Up to $250,000.00

	January 30, 2013

	 
	Los Angeles, California

FOR VALUE RECEIVED, The Digital Development Group Corp., a Nevada corporation ("Maker"), promises to pay to Martin W. Greenwald ("Holder"), or order, at Maker's place of business in Los Angeles, California, the principal amount loaned by Holder to Maker from time to time up to the amount of $250,000.00, as set forth on the attached Loan Schedule, with interest on such amount until paid, at the rate set forth below and payable pursuant to terms and conditions contained herein.  

INTEREST RATE.  The amount of outstanding principal shall bear interest at a rate of three percent (3%) per annum based on the average annual balance of the amount outstanding under the Note.  Interest shall accrue on the principal balance and shall be calculated on the basis of a 365-day year.

TERM.  The term of this Note shall be for a period beginning on the date hereof and ending on the one (1) year anniversary of the date hereof (the "Maturity Date").   The Loan Schedule shall be updated monthly during the term by the President of the Maker to reflect all amounts loaned during the term of the Note.

PAYMENT.  All outstanding principal and interest shall be due and payable on the Maturity Date. Any payment hereunder shall be applied first to the payment of costs and charges of collection, if any, then to accrued in­terest, and the balance, if any, shall be then applied to reduc­tion of principal.  Principal and interest are payable in lawful money of the United States of America.  Maker may prepay this Note in full or in part at any time without a prepayment charge.

DEFAULT/ACCELERATION.  If any one or more of the following events shall occur (hereinafter called an "Event of Default"), namely:  (i) Maker shall fail to make timely payment of any payment here­under and such failure is not cured within five (5) business days of written notice by Holder to Maker; or (ii) Maker shall make an assignment for the benefit of his creditors, or shall file or commence, or have filed or commenced against him any proceeding for any relief under any bankruptcy or insolvency law, or a receiver or trustee shall be appointed for Maker; THEN, upon the occurrence of any such Event of Default, or upon the expiration of the term of this Note, Holder at its election, and without presentment, demand or notice of any kind, all of which are expressly waived by Maker, may declare the entire outstanding balance of principal and interest thereon immediately due and payable, together with all costs of collection, including attorneys' fees, in addition to all of its other rights and remedies, all of which are cumulative.

MISCELLANEOUS.  The terms of this Note shall inure to the benefit of and bind the parties hereto and their successors and assigns.  As used herein the term "Maker" shall include the undersigned Maker and any other person or entity who may subsequently become liable for the payment hereof.  The term "Holder" shall include the named Holder as well as any other person or entity to whom this Note or any interest in this Note is conveyed, transferred or assigned. Each person signing this Note on behalf of Maker represents and warrants that he has full authority to do so and that this Note binds ­Maker. 

GOVERNING LAW.  This Note shall be governed by and construed and enforced in accordance with the internal laws of the State of California without giving any effect to principles of conflict of laws.  This Note shall be deemed made and entered into in Los Angeles, California. 

MAKER:

The Digital Development Group Corp.

By:  /s/ Joe Q. Bretz

Joe Q. Bretz, President

1

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