Document:

Exhibit 10.36

 

AGREEMENT

 

This AGREEMENT (this “Agreement”), dated as of July 1, 2003, is entered
into by and between Alcide Corporation, a Delaware corporation (“Alcide”), and
Ferdinand Eimermacher GmbH whose offices are located at Norwalde, Germany (Eimermacher).

 

RECITALS

 

A.                                   Alcide
has certain valuable patent rights, trademark rights, technical data and
information relating to products intended for use in the prevention of mastitis
in dairy cattle.

 

B.                                     Eimermacher
has experience in manufacturing and selling products to the dairy industry and
desires a license to Alcide’s products, upon the terms set forth herein.

 

AGREEMENT

 

NOW, THEREFORE, the parties agree as follows:

 

1.                                      DEFINITIONS

 

As used herein:

 

1.1                                 “Contract
Term” shall be a ten (10) year period starting ninety (90) to one hundred
twenty (120) days after this Agreement is signed by both parties dependent on
when Eimermacher completes the first qualified product batch.

 

1.2                                 “Product”
shall refer to Alcide® external udder care products, listed on Exhibit A,
including, without limitation, UDDERgold® Platinum Germicidal Barrier Teat Dip,
4XLA® Pre- and Post-Milking Teat Dip, DIPPINGOLD® Pre- and Post- Milking Teat
Dip Product and shall include any refinements or improvements to the existing
udder care product line.

 

1.3                                 “Territory”
shall be defined as Austria, Germany, Poland and Switzerland.  Additional countries can be added to this
agreement in the future by mutual agreement of both parties.

 

1.4                                 “Affiliate”
shall mean any company or other business entity controlled by, controlling or
under common control with a party, control being presumed if there is direct or
indirect ownership of at least fifty percent (50%) (or, if less, the maximum

 

 

permitted by
applicable law) of the voting stock, equity or income interest in the other
corporation or business entity.

 

1.5                                 “Patent
Rights” shall mean the rights of Alcide in any patent applications filed on the
technology within the Territory, including, without limitation, all the U.S.
and International patents of Alcide set forth in Exhibit A together with any
divisions, continuations, continuations-in-part, and any patents or reissued
patents therein.

 

1.6                                 “Trademark
Rights” shall mean all the Alcide trademarks registered or otherwise in
Germany.

 

1.7                                 “Technical
Information” shall mean all trade secrets, technical reports, information and
data provided by Alcide, including, without limitation, formulations, test
results and know-how for manufacturing.

 

1.8                                 “Private
Label” shall mean any label for the Products that incorporates trademarks,
logos, symbols or trade dress other than the trademarks, logos, symbols and
trade dress owned by Alcide and used to identify Products.”

 

2.A                             GRANT
OF RIGHTS

 

2.A.1                    Subject
to the terms of this Agreement, Alcide hereby grants to Eimermacher a
non-exclusive license under the Patent Rights and Technical Information to
make, have made, use, sell and import the Product in the Territory for the
Contract Term.  Eimermacher shall not
use the Patent Rights, Trademark Rights or Technical Information for any other
purpose.  Eimermacher shall not
manufacture the Product for a third party unless approved in writing by
Alcide.  Eimermacher shall have no right
to make improvements or continuations or continuations-in-part.

 

2.A.2                    Eimermacher
may not sublicense its rights granted pursuant to Paragraph 2.A.1 without prior
written permission from Alcide in its sole discretion; provided, however, that
Eimermacher may sublicense its rights with respect to selling the Product in
the Territory as provided in Paragraph 2.A.4.

 

2.A.3                    Eimermacher
shall have a non-exclusive license under the Trademark Rights to use the
Trademark Rights for the purposes of manufacturing, packaging, marketing and
distributing the Product.  Eimermacher
shall not register or use any mark that is confusingly similar to the marks
listed on Exhibit D (the “Marks”). 
Eimermacher shall not challenge or attempt to prevent the use or
registration of Alcide’s Marks. 
Eimermacher shall use the Marks only in the exact form provided to it by
Alcide.  In any of Eimermacher’s
activities relating to the labeling, promotion and

 

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sale of the
Product, the Alcide Marks shall always be prominently displayed in order to
protect Alcide’s rights and goodwill in the same.  Whenever Alcide’s Marks are used in advertising and promotional
programs, Alcide retains the right to review and approve the same.  All goodwill in and to the Marks shall inure
to the benefit of Alcide.  Eimermacher
shall include the statement “[Product Name] and Alcide are registered
trademarks of Alcide Corporation” on all promotional materials and all
packaging.

 

2.A.4                    Eimermacher
may appoint agents, dealers or sales representatives to act on Eimermacher’s
behalf for sales of the Product in the Territory, provided that any
compensation, benefits and taxes related to such agents, dealers or
representatives shall be solely Eimermacher’s responsibility, and Eimermacher
shall remain responsible for any agents’, dealer’s or sales representative’s
performance and adherence to the terms of this Agreement.

 

2.A.5                    Eimermacher
covenants that it will maintain this Agreement for the ten (10) year Contract
Term and will not manufacture or market an acidified sodium chlorite teat dip
product other than the Product during the Contract Term.  Eimermacher also covenants that it will
advise Alcide one year in advance of the set termination date of this Agreement
of its intention to market an acidified sodium chlorite teat dip product.

 

2.A.6                    Subject
to the terms and conditions of this Agreement, Eimermacher is authorized to
sell the Product in such manner, at such prices and upon such terms as
Eimermacher shall determine. 
Eimermacher is an independent contractor, not an agent or employee of
Alcide.

 

2.A.7                    Labeling
of the Product shall be mutually determined in advance by Alcide and
Eimermacher.  Any changes to Product
labels shall be mutually agreed upon by Alcide and Eimermacher in advance.

 

Any approvals required under this Agreement shall not be unreasonably
withheld by either Alcide or Eimermacher.

 

2.A.8                    All
trade names, trademarks and product names under which the Product is sold
except the Private Label shall be the property of Alcide.  Alcide shall maintain the patents and
trademarks under which the product is manufactured and sold for the term of
this Agreement and shall pay any maintenance fees.

 

2.A.9                    As
part of the transfer of Technical Information, Alcide will provide one visit
within the first twelve (12) months of the contract at Alcide’s expense to the

 

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manufacturing
site.  Any travel expenses for further
visits requested by Eimermacher will be at Eimermacher’s expense.

 

2.A.10              Alcide
reserves the right to review raw material specifications and batch records on
the first six (6) batches of Product produced under this Agreement during
initial start up at each new manufacturing site and an annual basis from then
on for the Contract Term.  Alcide further
reserves the right to run quality tests in a laboratory of its choosing on the
first six (6) batches of finished Product produced under this Agreement during
initial start up at each new manufacturing site and on an annual basis from
then on for the Contract Term to verify the Product meets Alcide’s
specifications.  Any batch produced by
Eimermacher that does not meet Alcide’s specifications as dictated in the
Technical Information will be disposed of at Eimermacher’s expense and shall
not be sold or otherwise distributed. 
However, Eimermacher reserves the right to run checking over quality
tests in a laboratory of its choosing on any such batch.  In case of the contrary result to the
statement of the laboratory chosen by Alcide and Eimermacher shall reach an
amicable settlement.

 

2.A.11              It
is Eimermacher’s responsibility to adhere to relevant local regulations
regarding GMPs, product quality and reporting requirements.

 

2.B                             Sales
under Private Label

 

2.B.1                      The
provisions set forth in this Section 2B shall apply to the distribution of
Products under one or more Private Labels. 
All other provisions of the Agreement shall apply equally whether the
Products are sold under a Private Label or a proprietary label of Supplier.

 

2.B.2                      Eimermacher
is authorized to sell Products under the terms of this Agreement under one or
more Private Labels.  Alcide will have
the right to review and approve all Private Labels prior to their use in
connection with the sale of Product.

 

2.B.3                      During
and after the term of this Agreement, Eimermacher shall not sell any product
under the Private Label other than the Product for which Alcide approved the
Private Label’s use under Section 2.B.2. 
Upon termination of this Agreement, Eimermacher shall destroy all unused
Private Labels.

 

2.B.4                      All
registrations under which the Products are sold using a Private Label shall be
the property of Alcide.  In the event
any registrations (e.g., Product registrations) are taken or issued in the name
of Eimermacher, Eimermacher shall, upon request, but in any event no later than
upon termination of this Agreement, transfer such registrations to Alcide or
Alcide’s designee and provide any documents and assistance reasonably required
in connection therewith.

 

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2.B.5                      Eimermacher
shall defend, hold harmless and indemnify Alcide, its affiliates, employees,
officers and agents from and against any and all claims, actions, liabilities,
losses, fines, costs and expenses (including reasonable attorneys’ fees)
arising out of or relating to:

 

(a)                                  any
actual or alleged infringement of any rights of any third parties by any
Private Label; or

 

(b)                                 any
failure to provide adequate warnings, labeling or instructions in connection
with the sale of a Product under a Private Label.

 

3.                                      LICENSING
FEES - TERMS AND CONDITIONS

 

3.1                                 In
consideration of the license granted herein, Eimermacher shall pay Alcide a
licensing fee (collectively, “Licensing Fees”) for each liter sold by
Eimermacher as set forth in Exhibit B. 
Fees for additional products sold under this Agreement will be set at
the time the new Product’s formulation is provided to Eimermacher.  All Licensing Fees shall be subject to the
terms and conditions set forth in this Paragraph 3 and in the attached Exhibit
B.  No additional or different terms set
forth in Eimermacher’s or Alcide’s purchase order, acknowledgment or other
forms or correspondence (other than an amendment to this Agreement pursuant to
Paragraph 10.2 hereof) shall govern any activities related to sales of the
Product by Eimermacher.

 

3.2                                 Licensing
Fees shown in Exhibit B may be reviewed annually on a mutually agreed basis by
Alcide and Eimermacher.

 

3.3                                 Licensing
Fees shall be paid to Alcide in Euros [***]. 
On the tenth (10th) day of the month following the month of
sale Eimermacher shall account for the sales of this calendar month in writing
to Alcide.  All Licensing Fees not
received by Alcide by the due date as stated before will incur interest at the
rate of two percent (2%) above the discount rate of the European Federal
Reserve Bank.

 

3.4                                 Eimermacher
shall keep, or cause to be kept, accurate books and records in sufficient
detail to verify the calculation of license fees and the reports given
hereunder and shall retain such books and records at its principal place of
business for at least five (5) years after the end of the fiscal year to which
they pertain.  Alcide shall have the
right, at its expense and not more frequently than once per calendar year, to
have designated certified public accountants (who shall be bound to confidentiality)
examine, during normal business hours, the books and records of Eimermacher and
its Affiliates relating to the calculation of license fees and reports and
given hereunder for any period during which Eimermacher is to keep the books

 

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and records.  If any audit reveals underpayment greater
than five percent (5%), Eimermacher shall pay the underpayment plus interest in
the rate as specified in [Paragraph] 3.3, from the date accrued to the date
of payment, and shall reimburse Alcide for costs of the audit.  Further, Alcide shall be permitted to do
another audit within the next twelve (12) month period.

 

3.5                                 Alcide
and Eimermacher have agreed to minimum annual commitment amounts of liters sold
by Eimermacher (as set forth in Exhibit C attached) during the first five years
of the Contract Term.  These commitments
will be reviewed annually at least sixty (60) days prior to the anniversary
date of the Agreement and can be amended by mutual agreement of Alcide and
Eimermacher.  Notwithstanding the
foregoing, with respect to any new Products or improvement or refinements
provided to Eimermacher after commencement of the Contract Term, Alcide and
Eimermacher shall mutually agree to the Licensing Fees and annual minimum
commitments for such products at the time such products, improvements or
refinements are initially provided to Eimermacher.  Thereafter, the commitments shall be reviewed annually at the
time frame set forth in the second sentence of this Paragraph 3.5.  Sixty (60) days prior to the five (5) year
anniversary date minimum annual commitment amounts will be mutually agreed to
by both parties for years six (6) through ten (10) of the Agreement.

 

In the event that Eimermacher does not sell the yearly commitment,
Alcide shall have the right to terminate the contract with six (6) months
notice, and/or add additional distributors in the Territory.

 

3.6                                 Alcide
warrants that Alcide is authorized to enter into this Agreement and to grant to
Eimermacher the rights provided for in Paragraph 2.1.  Alcide also warrants that patents and trademarks relating to the
Product are owned by Alcide and that the Product is the result of original
research of Alcide.  Alcide declares
that Alcide is not aware of any legal deficiencies of the patent rights,
trademark rights and technical information.

 

3.7                                 Eimermacher
warrants that all advertising and promotional materials developed by
Eimermacher shall be in accordance with descriptions of Product provided by
Alcide and, to the best of Eimermacher’s knowledge, shall be accurate in all
material respects.  Eimermacher warrants
that Eimermacher is authorized to enter into this Agreement and the same does
not and shall not infringe upon any other agreements it may have.

 

3.8                                 Eimermacher
shall indemnify, defend and hold harmless Alcide, its officers, directors,
employees, agents, consultants and contractors (the “Indemnified

 

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Parties”)
successors and assigns from and against any claim, action (including regulatory
action by relevant authorities), liability, damage, loss, cost or expense
(including, without limitation, reasonable attorneys’ fees) (collectively,
“Losses”) arising from or related to the exercise of the license granted herein,
including the testing, manufacturing and/or sale of Product, by Eimermacher and
its Affiliates or the breach of any obligation of Eimermacher under this
Agreement.  Alcide shall promptly notify
Eimermacher of any such claim or action, allow Eimermacher to control the
defense of such claim or action and render all reasonable assistance to
Eimermacher in connection with defending such claim or action; provided,
however, that Eimermacher shall not enter into any settlement agreement that
requires an admission of wrong doing or fault by Alcide without Alcide’s prior
written consent.  Notwithstanding the
foregoing, Alcide shall have the right to participate with its own counsel, at
its expense.

 

Provided that the Product has been manufactured, tested and distributed
by Eimermacher and its Affiliates in accordance with this Agreement, Alcide
shall indemnify and hold harmless Eimermacher and Eimermacher’s officers,
directors, employees, agents, dealers and sales representatives against any
claims by third parties which may arise due to Product defects or defects in
manufacturing instructions as provided by Alcide or which may arise due to any
other breach by Alcide of its warranties set forth in Paragraph 3.6
hereof.  Eimermacher shall give prompt
notice of any claim, threatened claim or litigation, which in any way relates
to the exercise of the license granted under this Agreement.

 

3.9                                 Eimermacher
shall secure and maintain product liability insurance in the amount of two
million six hundred thousand (2.600.000) Euro per Product with a ten million
(10.000.000) Euro umbrella with respect to the Product.  Upon request, Eimermacher shall provide
Alcide with evidence of such insurance coverage.  Eimermacher will issue Alcide a Certificate of Insurance listing
Alcide as an additional insured on Eimermacher’s liability insurance policy and
such Certificate of Insurance shall be in force during the entire Contract
Term.

 

3.10                           EXCEPT
FOR THE WARRANTIES SET FORTH IN PARAGRAPHS 3.6 and 3.8, ALCIDE MAKES NO OTHER
REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE PATENT RIGHTS, TRADEMARK
RIGHTS AND TECHNICAL INFORMATION AND EXPRESSLY DISCLAIMS ANY OTHER WARRANTIES,
EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, PATENTABILITY AND
NONINFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS OF OTHER PARTIES.

 

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3.11                           Eimermacher
is solely liable for implementing and solely responsible for all costs
associated with any recall from the field of Product produced under this
Agreement, provided that Alcide bares no fault in the reason for the recall.

 

3.12                           Except
for Alcide’s obligations for the maintenance of patents and trademarks as
provided for in Paragraph 2.8, Eimermacher shall secure and maintain, in
the name of Alcide, any and all registrations, permits, licenses, approvals,
and other governmental actions required to manufacture, import, handle, market,
sell, demonstrate, use and distribute the Product in the Territory, provide to
Alcide quarterly progress reports on any such action, and provide to Alcide
copies of all registrations, permits, licenses, approvals, certificates,
correspondence and other documentation related to any such action.  Upon termination of this Agreement,
Eimermacher shall transfer to Alcide any and all such licenses, permits and
registrations within thirty (30) days of contract termination.

 

3.13                           Eimermacher
shall keep a log of and customer complaints regarding the Product and shall
promptly notify Alcide in writing of each complaint that Eimermacher may
receive or become aware of concerning the Product.

 

4.                                      PROMOTIONAL
ACTIVITIES

 

4.1                                 Alcide
shall regularly advise Eimermacher of any information concerning Product
availability and formulation.

 

4.2                                 Eimermacher
shall undertake such advertising and promotional activity relating to Product
as is deemed appropriate by Eimermacher and Alcide to actively promote sales.

 

4.3                                 Eimermacher’s
marketing plan for the following year shall be provided to Alcide annually sixty
(60) days prior to the anniversary date of this Agreement.  Alcide shall have the right to comment on
and approve Eimermacher’s marketing plan. 
A list of major meetings, annual shows, seminars and training programs
at which Alcide’s participation is desired shall be submitted ninety (90) days
in advance of the anniversary date by Eimermacher.

 

4.4                                 A
tabulation of Eimermacher sales by Product and Eimermacher Sales Regions shall
be provided by Eimermacher to Alcide within thirty (30) days of the end of each
fiscal year.

 

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5.                                      TERM
AND TERMINATION

 

5.1                                 One
hundred and eighty (180) days prior to expiration of this Agreement,
Eimermacher and Alcide shall meet to determine their intentions regarding a new
or extended agreement.

 

5.2                                 Either
Party may terminate this Agreement effective immediately upon notice to the
other, in the event that the party to which such notice is sent becomes the
subject of any bankruptcy or insolvency proceedings.  Alcide may also terminate this Agreement with sixty (60) days
notice as defined in Paragraph 10.3 in the event Eimermacher is delinquent
in payment of invoices, as defined by Paragraph 3.3, by more than thirty
(30) days in spite of a reminder by Alcide or if Alcide repeatedly must require
the destruction of batches of the Product pursuant to Paragraph 2.10.

 

5.3                                 Either
Party may terminate this Agreement in the event there is a material breach of
the contract by the other party and such breach is not cured within sixty (60) days
of the date of the notice of breach.

 

5.4                                 Eimermacher
shall have a period of six (6) months following termination of this Agreement
to sell or dispose of any inventory of Product (other than that which is
required to be destroyed pursuant to Paragraph 2.10) remaining at the date
of termination; provided, however, that, Licensing Fees shall continue to be
due in accordance with Paragraph 3.

 

5.5                                 Upon
termination of this Agreement, Eimermacher shall (a) cause all materials
containing any Technical Information to be promptly returned to Alcide,
(b) at Alcide’s election, assign to Alcide rights in any regulatory
applications or approvals (e.g., investigational new drug applications) (to the
extent assignable) requested by Alcide and (c) during the nine (9) months
following termination, discuss with Alcide information and data that exists
with respect to Product and provide to Alcide such relevant information and
data requested by Alcide, provided however that all costs for Eimermacher’s
actions as set forth in sub-paragraphs (b) and (c) shall be borne by Alcide.

 

The rights and obligations of Paragraphs 2.8, 3.3, 3.4, 3.6, 3.8, 3.9,
3.11, 3.13, 5.4, 5.5, 6, 7, 9 and 10 and any accrued obligations shall survive
termination or expiration of this Agreement. 
All other rights and obligations shall not survive termination or
expiration.

 

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6.                                      ALCIDE
PATENTS, TRADEMARKS AND TECHNICAL INFORMATION

 

Each party shall promptly notify the other party in writing of any alleged
or threatened infringement of a patent or trademark included in the
Patent/Trademark Rights.  Alcide will
have the sole right and discretion to bring and maintain actions against any
infringer in, to or under the Patent Rights, Trademark Rights or Technical
Information in the Field and Territory that is or could be adversely impacting
its rights hereunder.  Eimermacher
agrees, without charge, to render such reasonable assistance, execute any
documents and do such other acts as may be reasonably necessary in such legal
action as Alcide may reasonably request.

 

7.                                      CONFIDENTIAL
INFORMATION

 

7.1                                 “Confidential
Information” means confidential information of a party, and marked confidential
if disclosed in writing or if orally disclosed, identified as confidential
information at the time of disclosure and confirmed in writing within ten (10)
days after disclosure, and shall include without limitation the Patents,
Technical Information and licensing fees as presented in Exhibit B.  Alcide and Eimermacher agree, with respect
to any confidential information received from the other and identified as
Confidential Information, that:

 

(a)                                  The
receiving party shall prevent disclosure in any manner of the Confidential
Information to any third party without prior written consent of the disclosing
party, and the degree of care taken by the receiving party shall be at least as
great as the degree of care which the receiving party takes in protecting its
own Confidential Information of like kind and importance, but in no event less
than a reasonable degree of care; and

 

(b)                                 The
receiving party shall not use Confidential Information disclosed by the other
party for any commercial purpose other than pursuant to this Agreement without
the prior written consent of the disclosing party; and

 

(c)                                  The
receiving party shall only disclose the Confidential Information to those of
its employees who have a need to know in order to perform their job
responsibilities.

 

7.2                                 Neither
party shall have any obligation with respect to any information disclosed by
the other party:

 

(a)                                  which
is already in the possession of the receiving party at the time of its receipt
from the disclosing party;

 

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(b)                                 which
the receiving party lawfully receives from another person whose disclosure
thereof to the receiving party does not violate any rights of the disclosing
party;

 

(c)                                  which
is or becomes published or otherwise publicly available through no act or
omission of the receiving party.

 

7.3                                 Neither
party shall have any obligation to keep Confidential Information confidential
if requested by a governmental or court order and the disclosing party is given
a reasonable opportunity to prevent such disclosure or obtain a protective
order.

 

7.4                                 Upon
termination of this Agreement, as provided for in Section 5, Eimermacher and
Alcide shall each, upon the written request of the other, return or destroy all
materials, copies thereof and extracts there from which include any information
designated as confidential by the other pursuant to Paragraph 7.1.  Each may, however, retain for legal archival
purposes only, one (1) copy of all such material.

 

7.5                                 The
provisions of this Paragraph 7 shall survive termination of this Agreement
indefinitely.

 

8.                                      MOST
FAVORED LICENSEE

 

Alcide shall be obliged to grant Eimermacher the same favorable terms
as licensor grants to other of its licensees after the signature date of this
Agreement, provided, that the rights and obligations of such licensees under
their respective license agreements are substantially comparable to the rights
and obligations of Eimermacher under this Agreement.

 

9.                                      LIMITATION
OF LIABILITY

 

IN NO EVENT SHALL ALCIDE’S LIABILITY UNDER THIS AGREEMENT EXCEED THE
AMOUNTS PAID BY EIMERMACHER AS LICENSING FEES UNDER THIS AGREEMENT.  EXCEPT FOR EIMERMACHER’S INDEMNIFICATION
OBLIGATIONS UNDER THIS AGREEMENT, NEITHER PARTY SHALL BE LIABLE FOR ANY
INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES (INCLUDING
WITHOUT LIMITATION REASONABLE ATTORNEYS’ FEES), EVEN IF THE PARTY HAS BEEN
ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

 

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10.                               MISCELLANEOUS

 

10.1                           Eimermacher
may not assign or delegate in whole or in part this Agreement or any right or
obligation arising hereunder without the prior written consent of Alcide,
subject to Paragraph 2.4.  Any
assignment or delegation that is not exempted and that is attempted without
such consent shall be of no force or effect. 
This Agreement shall be binding on and inure to the benefit of the
successors and permitted assigns of the parties.

 

10.2                           This
Agreement constitutes the entire understanding between the parties hereto with
respect to the subject matter hereof and supersedes and cancels all prior
understandings, promises and agreements. 
No modification or amendment hereof shall be valid or binding on the
parties unless made in writing and duly executed by the parties.

 

10.3                           Any
notice or any other communication required or permitted to be given to a party
pursuant hereto shall be sufficiently given if delivered personally or by
facsimile or express courier service (expenses prepaid) to the address set
forth below:

 

	
  Alcide:

  	
  Alcide Corporation

  8561 154th Avenue N.E.

  Redmond, WA  98052

  Attn:  President

  FAX:  (425) 861-0173

  
	
   

  
	
  Ferdinand Eimermacher GmbH.

  
	
   

  	
  Westring 24, D-48356 Nordwalde

  Attn:  President

  FAX:  49 25 73/20 53

  

 

or to such other
address as the party shall designate by written notice given to the other
party.  All notices, information,
reports and other communications in connection with this Agreement shall be in
English.

 

10.4                           If
any provision of this Agreement shall be held to any extent invalid or
unenforceable, such provision shall be deemed amended to conform to applicable
laws and to accomplish the intentions of the parties.  The headings in this Agreement are for convenience only and shall
not be used in the interpretation of this Agreement.

 

10.5                           No
waivers of any right under this Agreement shall be deemed effective unless
contained in a writing signed by the party charged with such waiver, and no

 

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waiver of any
right arising from any breach or failure to perform shall be deemed to be a
waiver of any future right or of any other right arising under this Agreement.

 

10.6                           This
Agreement may be executed in one (1) or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the
same instrument.  This Agreement may be
executed by facsimile, which shall be deemed an original.

 

10.7                           This
Agreement has been submitted to the scrutiny of both parties and their counsel
and shall be given a fair and reasonable interpretation in accordance with the
words hereof, without consideration or weight being given to its being drafted
by or for one of the parties.

 

10.8                           In
the performance of this Agreement, each party shall comply with all laws,
regulations, rules, orders and other requirements, now or hereafter in effect,
of governmental authorities having jurisdiction.

 

10.9                           The
parties are and shall be independent contractors.  The relationship between the parties created by this Agreement
shall not constitute a partnership, joint venture, employment or agency.  Neither party shall have the authority to
make any statements, representations or commitments of any kind, or to take any
action, that shall be binding on the other party.

 

10.10                     Any
dispute, controversy or difference arising out of or with respect to this
Agreement or the breach of this Agreement, other than applications for
injunctive relief, shall be resolved by binding arbitration.  The arbitration shall be held in London, UK
and conducted in English in accordance with the rules of the International
chamber of Commerce before one arbitrator. 
The arbitrator shall apply the substantive law of the UK and shall not
be bound by the rules of evidence.  Full
judicial review shall be available to either party as to matters of law, but
not matters of fact, and to such matters as to which arbitration awards are
otherwise subject to judicial review under English law.  Judgment upon the award rendered by the
arbitrators may be entered in any court having jurisdiction.  The prevailing party, as determined by the
arbitrator, shall be entitled to be fully reimbursed by the other party for all
costs in connection with the arbitration, including reasonable attorney fees.

 

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IN WITNESS
WHEREOF, the parties have caused this Agreement to be duly executed as of the
day and year first above written.

 

	
   

  	
  ALCIDE
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Corporate
  President

  
	
   

  	
   

  
	
   

  	
  Ferdinand
  Eimermacher GmbH.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  

 

14

 

EXHIBIT A

 

PATENT RIGHTS

 

Issued Patents

 

	
  Territory

  	
   

  	
  No.

  	
   

  	
  Title

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  United States

  	
   

  	
  Re. 36,064

  	
   

  	
  Disinfection Method and Composition Therefore

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  United States

  	
   

  	
  4,891,216

  	
   

  	
  Disinfecting Compositions and Methods Therefore

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  United States

  	
   

  	
  4,986,990

  	
   

  	
  Disinfecting Method and Composition Therefore

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Germany

  	
   

  	
  EP 176558

  	
   

  	
  Disinfecting Method and Composition Therefore

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Germany

  	
   

  	
  EP 287074

  	
   

  	
  Disinfecting Composition

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Germany

  	
   

  	
  EP 565134

  	
   

  	
  Disinfecting Method and Composition Therefore

  	
   

  

 

(Listing
of relevant Patents)

 

 

EXHIBIT B

 

LICENSING
FEES

 

(Based
an volume sold)

 

Licensing fees will be based on the following percentage of the
Eimermacher dealer price list with a floor price as listed:

 

	
   

  	
   

  	
  Per Liter
  sold

  	
   

  	
  Floor
  Price per liter*

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  UDDERgold
  Platinum

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4XLA

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DIPPINgold

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Private
  Label/eimügold

  	
   

  	
  [***]

  	
   

  	
  [***]

  	
   

  

 

[***]

 

[***]

 

Licensing fees are confidential per section 7 of the Agreement.

 

 

EXHIBIT C

 

ANNUAL
COMMITMENTS

 

	
  Year 1

  	
   

  	
  [***]

  	
   

  
	
  Year 2

  	
   

  	
  [***]

  	
   

  
	
  Year 3

  	
   

  	
  [***]

  	
   

  
	
  Year 4

  	
   

  	
  [***]

  	
   

  
	
  Year 5

  	
   

  	
  [***]

  	
   

  

 

[***]

 

•                                          Annual
commitments for years 6 through 10 will set by mutual agreement 90 days prior
to the end of year 5.

 

 

EXHIBIT
D

 

ALCIDE
MARKS

 

UDDERgold®

 

UDDERgold®
Platinum

 

DIPPINGOLD®Exhibit 10.25

 

 

DEMAND
PROMISSORY NOTE

 

 

	
  $60,000

  	
   

  	
  July 14, 2003

  

 

 

FOR
VALUE RECEIVED, PURCHASESOFT, INC, a Delaware corporation (“Borrower”),
promises to pay to the order of Brian Tauber, an individual resident of the
State of California (“Lender”), at such place as the holder hereof may
designate, in lawful money of the United States of America, the principal sum
of Sixty Thousand Dollars ($60,000), plus interest as hereinafter provided, on
demand. This Note shall be due and payable 150 days from the date hereof.   This Note shall bear interest on the unpaid
principal amount hereof at the rate of 6% per annum; provided that interest
shall accrue at the rate of 8% per annum on any principal or accrued interest
that is not paid within five days of written demand, from the date of such
demand until the date of payment.

 

Borrower
waives presentment, demand, protest, notice of protest, notice of dishonor,
notice of nonpayment, any and all other notices and demands in connection with
the delivery, acceptance, performance, default or enforcement of this
Note.  No delay by the holder hereof in
exercising any power or right in respect of this Note shall operate as a waiver
of such or any other power or right.

 

Borrower
may at any time prepay in whole or in part, from time to time, the outstanding
principal amount of this Note, together with accrued interest to date of
payment on the principal amount so prepaid.

 

Borrower
shall pay the holder hereof all costs and expenses of collection of this Note,
including without limitation reasonable attorneys’ fees.

 

This
Note shall be deemed to be made under and shall be construed in accordance with
and governed by the laws of the State of California.

 

 

	
   

  	
  PURCHASESOFT,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
    /s/
  Thomas B. Marsh

  	
   

  
	
   

  	
   

  	
  Thomas
  B. Marsh

  
	
   

  	
   

  	
  Secretary
  and Treasurer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]