Document:

Exhibit 4.24

       

       

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

   
Dated
                                         23 April 2015 MIDATECH LIMITED AND STEPHEN DAMMENT CONTRACT OF EMPLOYMENT CONTRACT OF
                                         EMPLOYMENT THIS CONTRACT is made on the 23rd day of April 2015 between: (1) MIDATECH
                                         LIMITED whose registered office is at 65 Innovation Drive, Milton Park, Abingdon, OX14
                                         4RQ ("the Company"); and (2) STEPHEN DAMMENT of The Old Rectory, Southampton
                                         Road, Landford, Salisbury, SP5 2ED ("you"). . START DATE AND PROBATIONARY PERIOD
                                         .1 Your employment with the Company will start on 11th May 2015 (the Employment). .2
                                         Your period of continuous employment with the Company will begin on 11th May . . PROBATIONARY
                                         PERIOD .1 The first six months of your Employment will be a probationary period during
                                         which time your performance will be assessed. Your employment will be confirmed following
                                         satisfactory completion of the probationary period. 2.2 The Company reserves the right
                                         in its sole and absolute discretion to extend the probationary period until such date
                                         (or dates) as it considers appropriate being no later than the first anniversary of the
                                         commencement of your employment. The Company may exercise that right by serving notice
                                         in writing at any time or times during any probationary period. .3 During the probationary
                                         period: .3.1 your Employment may be terminated by either party giving not less than one
                                         month's written notice served at any time during the probationary period; 2.3.2 you will
                                         not be entitled to any benefits other than your basic salary payable under clause 6.1.
                                         . JOB TITLE/DUTIES .1 You are employed as Head of Pre-Clinical or in another similar
                                         capacity, as determined by the Company. A non-exhaustive description of your duties is
                                         set out in Schedule 4. 3.2 You will report to Craig Cook, Chief Operating / Medical Officer,
                                         or such other person as is nominated from time to time to be your manager (your Manager).
                                         You will at all times act in the best interests of the Company and Group Company. .3
                                         Your duties may be amended by the Company from time to time or you may be required to
                                         undertake different and/or additional duties in order to meet the Company's business
                                         needs. .4 The Company reserves the right to appoint other persons to act jointly with
                                         you. . PLACE OF WORK .1 Your normal place of work will be Midatech's offices at 65 Innovation
                                         Drive, Milton Park, Abingdon, Oxfordshire, OX14 4RQ. You will be required to travel to
                                         and work at Midatech's premises in Bilbao, Spain, and Cardiff, as required. 4.2 The Company
                                         may from time to time require you to travel to and work at other places within the United
                                         Kingdom and overseas. . HOURS OF WORK .1 You will be expected to work a minimum of 37.5
                                         hours per week Normal hours of work are from 9.00 am to 5.30 pm Monday to Friday with
                                         one hour for lunch, but you may choose to start earlier or finish later, with your line
                                         manager's agreement, provided that you work a minimum of 37.5 hours. The nature of your
                                         duties is such that you may also be required to work different and/or additional hours
                                         to meet the Company's business needs. 5.2 You will not be paid for overtime. You have
                                         no right to time off in lieu of additional hours worked. However, the CEO of the Company
                                         may from time to time in his sole and absolute discretion grant time off in lieu but
                                         which shall not give rise to any right, expectation or entitlement to any future or further
                                         time off in lieu. .3 You agree that the limit on working time in Regulation 4(1) of the
                                         Working Time Regulations 1998 will not apply to your Employment. You may give three months'
                                         written notice to the Company if you wish to revoke your agreement to this opt-out. .
                                         REMUNERATION AND BENEFITS .1 Your base salary will be £90,000 per annum. You will
                                         be paid monthly in arrears by credit transfer to your bank account. Your base salary
                                         is reviewable annually. .2 You will be eligible to participate in the Company's discretionary
                                         bonus scheme, subject to the rules of that Scheme, as amended from time to time, with
                                         a target of 20% of salary. It is a condition of eligibility for any bonus that you are
                                         in employment and not subject to notice (whether served by you or by the Company) or
                                         any disciplinary proceedings at the date upon which payment is due to be made, which
                                         is normally on such date as the Company shall determine following the end of the end
                                         of the bonus year. 6.3 Neither eligibility to participate nor payment of bonus in respect
                                         of any previous period gives rise to any right, expectation or entitlement for you to
                                         receive any future payment or as to the amount of any such payment and you acknowledge
                                         and agree that the Company may exercise its discretion to award you a nil bonus. The
                                         Company reserves the right to amend the terms of such scheme at any time, including during
                                         any bonus scheme year. 6.4 Any bonus paid will not be taken into account in calculating
                                         pension contributions under clause 10. . BENEFITS .1 Subject to clause 2 (Probationary
                                         Period) you will be entitled to participate in the Company's private medical insurance
                                         scheme subject always to the terms of the relevant scheme (including but not limited
                                         to eligibility for benefits) in force from time to time. .2 You acknowledge that: 7.2.1
                                         the decision on whether, and if so, to what extent, benefits may be provided to you will
                                         be taken by any scheme insurer and that you will have no claim against the Company relating
                                         to the provision of such benefits. 7.2.2 You will not be eligible for such benefits in
                                         respect of which cover is not available from the Company's chosen insurer or is only
                                         available from such insurer subject to additional premiums or conditions. 7.2.3 For the
                                         avoidance of doubt, the Company may dismiss you at any time, and for any reason in accordance
                                         with the terms of this Agreement, even if this results in you losing any current or prospective
                                         entitlement to any benefits. .2.4 The Company may vary or replace or withdraw the provision
                                         of such benefit schemes at its absolute discretion. . SICKNESS .1 You have no entitlement
                                         to contractual sick pay. 8.2 You must you comply with the Company's sickness reporting
                                         procedures from time to time in force, including to: 8.2.1 contact your Manager before
                                         10am on the first day of your absence to inform him of the fact and reason for your absence;
                                         8.2.2 thereafter keep your Manager updated as to the nature and estimated length of your
                                         absence and provide such further details as reasonably requested from time to time; .2.3
                                         provide a statement of fitness for work if you are absent from work for any period of
                                         8 consecutive days or more .3 Your qualifying days of employment for the purposes of
                                         Statutory Sick Pay (SSP) are Monday to Friday. .4 Any further payments will be at the
                                         Company's sole and absolute discretion. . HOLIDAYS .1 You are entitled to 25 days paid
                                         holiday in each holiday year, in addition to bank and public holidays. 9.2 The holiday
                                         year runs from January to December and holiday accrues at the rate of 2.083 days per
                                         month. 9.3 All holidays must be approved in advance by your Manager. You will not normally
                                         be entitled to take more than 10 working days consecutive holiday. 9.4 Unused holiday
                                         entitlement may only be carried over into the next holiday year with the express written
                                         consent of the Company and no payment will be made in lieu of unused holiday entitlement.
                                         9.5 In the holiday year in which your Employment starts and ends your holiday entitlement
                                         will be reduced to reflect the number of complete months which you work. 9.6 When your
                                         Employment ends, you will be paid for any holiday which has accrued during the holiday
                                         year in which your Employment terminates but which you have not taken by the termination
                                         of your Employment. The Company reserves the right to deduct from any payments due to
                                         you an amount in respect of holidays taken in excess of your accrued entitlement. Holiday
                                         pay will be calculated at the rate of 1/260ths of your annual salary per day. 9.7 The
                                         Company may require you to take any unused holiday during your notice period. . PENSION
                                         .1 Subject to successful completion of the probationary period, the Company will contribute
                                         on your behalf to an HMRC approved personal pension plan an amount equal to 6% per annum
                                         of your basic annual salary for the time being subject to you providing all relevant
                                         details to the Company. That contribution will accrue monthly in arrears. 10.2 A contracting
                                         out certificate pursuant to the Pension Schemes Act 1993 is not in force in relation
                                         to your Employment. . TERMINATION OF EMPLOYMENT Subject to clause 2 (Probationary Period)
                                         your Employment may be terminated by the Company giving you three months' written notice
                                         or you giving three months' written notice to the Company. 11.2 At any time after either
                                         you or the Company give notice to terminate your Employment (or if you resign without
                                         giving the required notice and the Company does not accept your resignation) then the
                                         Company may exercise all or any of the following rights: 11.2.1 totally withdraw all
                                         of your powers and responsibilities and prohibit you from undertaking any work on behalf
                                         of the Company or any Group Company; 11.2.2 require you change your duties in whatever
                                         way it considers appropriate; 11.2.3 require you not to contact or communicate with any
                                         clients, suppliers or employees of the Company about the Company's business or affairs;
                                         .2.4 prohibit you from entering any of the Company's premises; .2.5 require you to comply
                                         with your obligations under clause (Return of Property); for a maximum period of your
                                         contractual notice period (the Garden Leave Period). .3 If the Company exercises the
                                         right in clause .2 you will continue to be paid your normal contractual salary and benefits
                                         as long as you comply with your obligations under this Contract. 11.4 During any Garden
                                         Leave Period you remain bound by your obligations under this Contract and in particular
                                         your duties of good faith and confidentiality and you will not: 11.4.1 do any work, whether
                                         paid or unpaid on your own behalf or for any third party during this time, without the
                                         express written consent of the Company; 11.4.2 make any comment to any person about the
                                         change to your duties, except to confirm that you are on garden leave. 11.5 The Company
                                         reserves the right to pay you base salary in lieu of all or part of your notice entitlement.
                                         11.6 Nothing in this Contract prevents the Company from terminating your employment summarily
                                         and without notice or payment in lieu of notice if you are guilty of any fundamental
                                         or repudiatory breach of contract or of any breach set out in the disciplinary rules
                                         applicable to you from time to time as justifying summary termination. . NORMAL RETIREMENT
                                         AGE There is no official retirement age in force. . CONFIDENTIALITY, INTELLECTUAL PROPERTY
                                         [AND RESTRICTIONS] .1 You will not, during your Employment or after it ends, use or disclose,
                                         directly or indirectly, to anyone other than in the proper course of your duties any
                                         Confidential Information. For the purposes of this clause .1 and this Agreement, Confidential
                                         Information includes any confidential information relating to actual or potential clients,
                                         employees, officers, shareholders or agents of the Company, prices, pricing structures
                                         or policies, marketing information, intellectual property, business plans or dealings,
                                         technical data, financial information and plans, designs, formulae, product lines, research
                                         activities, advisors' reports, lists of actual or potential clients of the Company any
                                         document marked "Confidential" or "Secret", or any information which
                                         you have been told is confidential or which you might reasonably expect the Company to
                                         regard as confidential, or any information which has been given to the Company in confidence
                                         by potential clients or other persons. 13.3 The provisions of Schedule 4 (Restrictions)
                                         will apply to you after your Employment ends. . SUSPENSION .1 The Company may suspend
                                         you on base salary and benefits for a reasonable period to investigate any allegations
                                         of misconduct or breach of the terms of your Employment. .2 During any period of suspension,
                                         you will provide whatever assistance the Company may require to allow it to complete
                                         its investigations and you must not take holiday during this time without the prior written
                                         consent of the Company. . WORKPLACE RULES .1 In addition to the terms of this Contract,
                                         you are bound by such of the Company's employment policies and procedures, notified to
                                         you from time to time, to the extent that these impose obligations on you. . OTHER ACTIVITIES
                                         DURING EMPLOYMENT .1 During your Employment, you will not be involved, in any capacity,
                                         in providing services, directly or indirectly, to any other person in respect of any
                                         other trade, business or occupation unless you have first obtained the prior written
                                         consent of the Company. . RETURN OF PROPERTY .1 At any time during the Employment, including
                                         during any Garden Leave Period, the Company may require you to return promptly to the
                                         Company: .1.1 all original and copy documents, software, data, Confidential Information
                                         or other material belonging to or relating to the business of the Company held in whatever
                                         medium (including electronically) which is your power, possession or control whether
                                         or not stored or held on equipment (including but not limited to any personal digital
                                         assistant (PDA), Blackberry, and/or mobile telephones) and whether or not such equipment
                                         belongs to the Company; and 17.1.2 any other property or material belonging to or relating
                                         to the business of the Company or any Group Company or belonging to any third party who
                                         has provided the property to the Company, which is in your possession or under your control.
                                         .2 During or at any time after the Employment ends, you will co-operate with any request
                                         from the Company to provide access (including passwords) to any computer, organiser or
                                         other equipment in your possession or under your control which contains information or
                                         materials relating to the Company or any of its clients, employees or suppliers. This
                                         obligation applies to equipment owned by the Company, by you or anyone else. You will
                                         permit the Company to inspect, copy or remove any material relating to the business of
                                         the Company. . STATUTORY PARTICULARS The statutory particulars of employment to which
                                         you are entitled under the Employment Rights Act 1996 are contained in this Contract
                                         and the attached Schedule 1. . DATA PROTECTION .1 You consent to the Company and any
                                         Group Company holding and processing (both electronically and manually) personal data,
                                         including sensitive personal data (Data), relating to you for the purposes of business,
                                         personnel and pensions administration and management and for compliance with any laws
                                         and regulations applicable to the Company or any Group Company. .2 For the purposes of
                                         the Data Protection Act 1998 (DPA), the Company is not yet a Data Controller. Should
                                         it become one the Company may process personal data during the course of your Employment
                                         to enable it to carry out its function properly. You authorise the Company in accordance
                                         with the provisions of the DPA and any regulations made under it to process Data relating
                                         to you and, where appropriate, to transfer process and store such Data outside the European
                                         Economic Area (as defined from time to time). . MONITORING OF OFFICE EQUIPMENT .1 You
                                         acknowledge and agree that the Company may monitor and /or record your use of office
                                         equipment, including your use of computer systems (including email and internet), telephones,
                                         mobile phones, facsimile machines and photocopiers. 20.2 You will only access and use
                                         the Company's computer and electronic equipment for the purposes of the Company's business.
                                         . THIRD PARTIES .1 Only the parties to this Contract and any Group Company may enforce
                                         this Contract, subject to the terms of this Contract. .2 Pursuant to the Contracts (Rights
                                         of Third Parties) Act 1999, no other person may enforce the terms of this Contract against
                                         the Company. . PRIOR AGREEMENTS .1 This Contract cancels and is in substitution for all
                                         previous agreements, understandings and arrangements (whether oral or in writing) in
                                         relation to any of the matters dealt with in it between you and the Company, all of which
                                         shall be deemed to have been terminated by mutual consent. .2 This Contract, and the
                                         documents specifically referred to in it, constitute the entire terms and conditions
                                         of your Employment with the Company. . GROUP COMPANIES .1 In this Agreement Group Company
                                         means, in relation to the Company, any subsidiary or holding company, or any subsidiary
                                         of such a holding company ("holding company" and "subsidiary" having
                                         the meanings set out in section 1159 of the Companies Act 2006) or any subsidiary undertaking
                                         or parent undertaking or any subsidiary undertaking of such a parent undertaking ("parent
                                         undertaking", "subsidiary undertaking" and "undertaking" having
                                         the meanings set out in sections 1161 and 1162 of the Companies Act 2006) and any reference
                                         to the Group shall be construed accordingly. . GOVERNING LAW This Agreement will be governed
                                         by and construed in accordance with the laws of England and each of the parties submits
                                         to the exclusive jurisdiction of the English courts. IN WITNESS whereof the parties hereto
                                         have executed this Agreement as a Deed on the day and year first written above. EXECUTED
                                         as a Deed by ) MIDATECH LIMITED ) ) Director/Secretary; and Signature Director/Secretary
                                         EXECUTED as a Deed by ) Stephen Damment ) in the presence of: ) Signature Name Address
                                         I .4\4:IVO() M Z4-. 2 PA Occupation Trt.K. Schedule 1 Statutory particulars In addition
                                         to your terms of employment, the Company is required to notify you of the following particulars.
                                         These do not form part of your terms of employment. 1. Disciplinary Rules, Dismissal
                                         and Disciplinary Procedures The disciplinary rules and the disciplinary and dismissals
                                         procedures applicable to you are contained in the Employee Handbook and specify to whom
                                         you can apply if dissatisfied with any disciplinary decision relating to you or any decision
                                         to dismiss you and the manner in which any such an application should be made. The disciplinary
                                         rules have contractual force and effect but the disciplinary and dismissals procedures
                                         do not have contractual force and effect unless otherwise stated. . Grievance Procedures
                                         The grievance procedure applicable to you is contained in the Employee Handbook and specifies
                                         to whom you can apply for the purpose of seeking redress of any grievance relating to
                                         your employment and the manner in which any such application should be made. The grievance
                                         procedures do not have contractual force and effect unless otherwise stated. . Collective
                                         Agreements There are no collective agreements affecting your employment. Schedule 2 Duties
                                         The following is a non-exhaustive summary of your job description and duties, subject
                                         to the provisions of clause 3 of your contract of employment: Purpose Management of all
                                         aspects of Pre-clinical Development including the design, development direction, and
                                         execution of animal efficacy, toxicology, pharmacology and pharmacokinetics studies.
                                         Strategically contribute to translation of programs from pre-clinical through to early
                                         human studies. Key responsibilities • Manage and drive nonclinical studies and overall
                                         NDA enabling program. • Initiate and manage contracts, coordinate activities with
                                         select Contract Research Organizations (CROs) and academic collaborators for preclinical
                                         development in areas including toxicology, pharmacology, pharmacokinetics as well as
                                         animal models, and be accountable for their delivery • Prepare protocols, reports
                                         & relevant regulatory documents for studies, INDs & other regulatory submissions.
                                         • Ensure compliance with GCP, GMP, and regulatory guidelines for all preclinical
                                         / nonclinical work. Maintain and organise all necessary documentation for studies and
                                         experiments. • Work closely with other functional areas and colleagues to ensure
                                         that all studies are performed in a quality, timely, effective and scientific manner.
                                         • Provide preclinical expertise and opinion to multi-functional project teams as
                                         the preclinical representative. • Provide toxicology expertise and opinion to studies
                                         and development programs • Research, define, and propose pre-clinical and translational
                                         medicine strategies and goals at all stages of pre-clinical and early development (target
                                         identification to POC) for therapeutic areas as necessary • Engage external thought
                                         leaders to optimize pre-clinical and early development plans • Assesses external
                                         opportunities for Midatech technology platforms, therapeutic areas and interventions
                                         Schedule 3 Intellectual Property & Assignment THIS AGREEMENT dated is made between:-
                                         (1) MIDATECH LIMITED whose registered office is at 65 Innovation Drive, Milton Park,
                                         Abingdon, OX14 4RQ (the Company); and (2) STEPHEN DAMMENT of The Old Rectory, Southampton
                                         Road, Landford, Salisbury, SP5 2ED (You). RECITALS: A You are an employee of the Company
                                         and you carry out research and development in relation to Technology and have and/or
                                         will make Technology. B You wish to comply with the obligations set out in this Agreement
                                         and to assign to the Company all of your rights, title and interest in the Technology,
                                         and the Company wishes to take an assignment of the Technology, subject to and in accordance
                                         with the terms of this Agreement. THIS ASSIGNMENT WITNESSES as follows: . ASSIGNMENT
                                         .1 In consideration of the payment of the sum of £1 (one pound sterling) now paid
                                         by the Company to you (receipt of which is acknowledged), and without prejudice to the
                                         other provisions of this Agreement you hereby assign and transfer to the Company absolutely
                                         all of your right, title and interest in and to the Technology. .2 The assignment effected
                                         by this clause 1 shall include, without limitation, the assignment and transfer of: 1.2.1
                                         all patents and other Intellectual Property that may be granted pursuant to any applications
                                         listed in the Schedule, as well as all patents or other intellectual property that may
                                         derive priority from or have equivalent claims to or be based upon the Technology in
                                         any country of the world (and including supplementary protection certificates, divisions,
                                         continuations, continuations in part, reissues and extensions), and the Technology shall
                                         be deemed to include all such items of property; and 1.2.2 all rights of action, powers
                                         and benefits arising from ownership of the Technology, including without limitation the
                                         right to apply for, prosecute and/or obtain patent and other intellectual property rights
                                         or protection throughout the world in respect of the Technology and the right to sue
                                         for damages and other legal and equitable remedies in respect of all causes of action
                                         arising prior to, on or after the date of this Assignment; and .2.3 all rights of ownership
                                         of any materials that form part of the Technology. 1.3 You shall execute such documents
                                         and give such assistance as the Company may require: .3.1 to secure the vesting in the
                                         Company of all rights in the Technology; .3.2 to uphold the Company's rights in the Technology;
                                         and .3.3 to defeat any challenge to the validity of, and resolve any questions concerning,
                                         the Technology. . WARRANTIES, REPRESENTATIONS AND UNDERTAKINGS .1 You warrant, represent
                                         and undertake that:- 2.1.1 immediately prior to the assignment in clause 1 above, you
                                         have not been and you are not currently a party to any agreement or understanding, whether
                                         oral or written, which would in any manner be inconsistent with the assignment of rights
                                         provided for in this Assignment; and 2.1.2 during the term of this Assignment you shall
                                         not enter into any agreement or understanding, oral or written, nor engage in any activity,
                                         which would in any manner be inconsistent with the provisions of this Assignment. . INTELLECTUAL
                                         PROPERTY RIGHTS .1 You acknowledge that in the course of your employment and as part
                                         of your duties you may conceive or make, individually or with others, certain Inventions
                                         and you may develop or produce, individually or with others, certain works in which copyright
                                         and/or unregistered design right will subsist in various media, including but not limited
                                         to electronic materials (collectively, Creative Works), and you agree that you will promptly
                                         disclose in writing to the Company all Inventions and Creative Works. 3.2 You acknowledge
                                         that any Inventions or Creative Works and any and all Intellectual Property subsisting
                                         or which may in the future subsist in such Inventions or Creative Works whether or not
                                         conceived or made during working hours, including, without limitation, those which: 3.2.1
                                         relate in any manner to the business of the Company or any Group Company or to its actual
                                         or demonstrably anticipated activities; or 3.2.2 result from or are made in the course
                                         of your employment by the Company; or .2.3 involve the use of any equipment, supplies,
                                         facilities, confidential information, documents, Intellectual Property or time of the
                                         Company or any other Group Company, will on creation vest in and be the exclusive property
                                         of the Company in the United Kingdom or any other part of the universe and where the
                                         same does not automatically vest as aforesaid you agree to assign the same to the Company
                                         (or as it may direct) or in the case of any future copyright in the same you hereby assign
                                         such copyright to the Company. .3 You agree that, without limitation to the foregoing:
                                         .3.1 any Invention disclosed by you to a third person or described in a patent or registered
                                         design application filed by you or on your behalf; and 3.3.2 any Creative Work disclosed
                                         to a third person, published or the subject of an application for copyright or other
                                         registration filed by you or on your behalf, during or within six months following termination
                                         of your employment will be presumed to have been written, developed, produced, conceived
                                         or made by you during the Employment, unless proved by you to have been written, developed,
                                         produced, conceived or made by you following the termination of the Employment. 3.4 You
                                         hereby irrevocably waive any rights which you may have in the Inventions or the Creative
                                         Works which are or have been conferred on you by chapter IV of Part I of the Copyright,
                                         Designs and Patents Act 1988 headed "Moral Rights" and by any other laws of
                                         a similar or equivalent nature in any of the countries of the world. 3.5 You will also,
                                         at the Company's request and expense, execute specific assignments of any Inventions
                                         or Creative Work and execute, acknowledge and deliver such other documents and take such
                                         further action as the Company may require, at any time during or subsequent to the period
                                         of your employment, to vest or evidence title in Inventions or Creative Works in the
                                         Company (or as it may direct) and to obtain, maintain and defend the Intellectual Property
                                         in the Inventions or Creative Works in any and all countries or to otherwise give effect
                                         to the provisions of this agreement. 3.6 You hereby irrevocably appoint the Company to
                                         be your attorney in your name and on your behalf to execute and do any such instrument
                                         or thing and generally to use your name for the purpose of giving to the Company or its
                                         nominee the full benefit of the provisions of this clause 3 and you acknowledge in favour
                                         of any third party that a certificate in writing signed by any Director or the Secretary
                                         of the Company that any instrument or act falls within the authority hereby conferred
                                         shall be conclusive evidence that such is the case. 3.7 You shall not knowingly do or
                                         permit to be done any act or omit to do any thing which might imperil, jeopardise or
                                         prejudice any of the rights referred to in this clause 3 or which might invalidate or
                                         prejudice any application made by the Company for Intellectual Property. . DEFINITIONS
                                         .1 In this Assignment, the following definitions apply: .1.1 Intellectual Property shall
                                         include: all patents, rights to inventions, copyright and related rights, trade marks
                                         and service marks, trade names and domain names, rights in get-up, rights to goodwill
                                         and to sue for passing off and unfair competition, rights in designs, rights in computer
                                         software, database rights, rights in confidential information (including know-how and
                                         trade secrets) and any other intellectual property rights, in each case whether registered
                                         or unregistered and including all applications (and rights to apply) for, and renewals
                                         or extensions of, such rights and all similar or equivalent rights or forms of protection
                                         which subsist or will subsist, now or in the future, in any part of the world; 4.1.2
                                         Inventions shall include any inventions, ideas, discoveries, developments, writings,
                                         designs, drawings, improvements or innovations, whether or not patentable or capable
                                         of registration, and whether or not recorded in any medium; 4.1.3 Technology means Inventions
                                         and developed technology, material and know-how relating to the exploitation of gold
                                         nanoparticle technology. . GENERAL .1 This Agreement and undertaking shall be binding
                                         upon your heirs, executors, administrators, successors and/or shall ensure to the benefit
                                         of any heirs, executors, administrators, successors and/or assigns of the Company. 5.2
                                         Your obligations under clauses 1.2, 1.3, 2, 3 and 5.1 shall continue in force without
                                         limit of time. 5.3 This Agreement shall be governed by English Law, and you and the Company
                                         submit to the jurisdiction of the English Courts in respect of any dispute arising in
                                         connection therewith. IN WITNESS whereof the parties hereto have executed this Agreement
                                         as a Deed on the day and year first written above. EXECUTED as a Deed by MIDATECH LIMITED
                                         Director/Secretary; and Director/Secretary EXECUTED as a Deed by rpt,-41,7LC41 / ' STEPHEN
                                         DAMMENT in the presence of: Name A0oe,„..) Address /triLi-496'0 p , nAt-142h0 At12_4
                                         2/4 Occupation it: Frrrtil- Schedule 4 Restrictions after employment ends . You agree
                                         that, during the Restricted Period, you will not act in competition with the Company
                                         or any Group Company, directly or indirectly, in any capacity by: 1.1 soliciting or enticing
                                         away from the Company or any Group Company any Customer or Prospective Customer; 1.2
                                         doing business with, or otherwise dealing with, any Customer or Prospective Customer;
                                         1.3 soliciting or enticing away from the Company or any Group Company any Key Employee;
                                         1.4 interfering with the arrangements between the Company or any Group Company and any
                                         Supplier. 2. The Company accepts, as trustee for each Group Company, the benefit of all
                                         undertakings given by you in this Schedule to any Group Company. 3. The provisions of
                                         this Schedule shall apply only in respect of services with which you were either materially
                                         involved or in respect of which you had access to Confidential Information or for which
                                         you were responsible at any time during the Relevant Period. 4. The provisions of this
                                         Schedule are severable and if any provision or identifiable part is held to be unenforceable
                                         by any court of competent jurisdiction, then such unenforceability shall not affect the
                                         enforceability of the remaining provisions or identifiable parts of this Schedule. 5.
                                         For the purposes of this Schedule, the following words have the meanings set out below:
                                         Confidential Information includes the material described in clause (Confidentiality)
                                         of the Agreement; Customer means any person with whom the Company or any Group Company
                                         (a) has, at the Termination Date, arrangements in place pursuant to which the Company
                                         or any Group Company supplies goods or services; or (b) with whom the Company or any
                                         Group Company has been in the habit of dealing at any time during the Relevant Period;
                                         or (c) in relation to whom you had access to Confidential Information at any time during
                                         the Relevant Period; and, in any event (d) with whom you had personal contact or dealings
                                         in the course of your Employment at any time during the Relevant Period; Key Employee
                                         means any person who is employed or engaged to provide services personally at the Termination
                                         Date by the Company or any Group Company, and who, during the Relevant Period, had material
                                         contact with you; and (a) who reported to you; or (b) who had material contact with customers
                                         or suppliers of the Company or any Group Company in the course of your Employment; or
                                         (c) who was a member of the Board or reported directly to a member of the Board; or who
                                         was a member of the senior management team of the Company or any Group Company; or (d)
                                         whose job duties involved research and development to a material extent. Prospective
                                         Customer means any person to whom, at the Termination Date, the Company or any Group
                                         Company has offered to supply goods or services, or to whom the Company or any Group
                                         Company has provided details of the terms on which it would or might be willing to supply
                                         goods or services, or with whom the Company or any Group Company has had any negotiations
                                         or discussions regarding the possible supply of goods or ser✓ices; and in each
                                         case: (a) with whom you had personal contact or dealings in the course of the Employment
                                         at any time during the Relevant Period; or (b) in relation to whom you had access to
                                         Confidential Information at any time during the Relevant Period. Relevant Period means,
                                         where you are prohibited from undertaking any work on behalf of the Company or any Group
                                         Company in accordance with clause .2.1 (Garden Leave), the period of two years immediately
                                         before the start of the Garden Leave Period (as defined in the Agreement); and otherwise,
                                         the period of two years ending on the Termination Date, [and in either case, the period
                                         of the your Employment if you have been employed by the Company for less than two years.]
                                         Restricted Period means the period of 6 months immediately following the Termination
                                         Date, reduced by a period equal to the length of any Garden Leave Period imposed in accordance
                                         with clause .2.1 (Garden Leave). Supplier means any person with whom the Company or any
                                         Group Company has, at the Termination Date, arrangements in place for the supply of goods
                                         or services to the Company or any Group Company on preferential terms. Termination Date
                                         means the date on which the Employment ends for whatever reason, whether lawful or not.
                                         L •Exhibit 4.26

       

       

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

    
    
      	 		 

    

    

    
   
 

Mterpretes
Jurados de Vizcaya TO ALL TO WHOM THESE PRESENTS SHALL COME, I, Rafael Aparicio Aldazabal, LLL, LLM, SWORN INTERPRETER for the
Certificacion: Don Rafael Aparicio Aldazabal, interprete Jurado de Ingles, certifica English Language for the province of Biscay
by appointment of the que la que antecede es una traduccion fief y completa al ingles de Ministry of Foreign Affairs, and in faithful
performance of my un documento redactado en caste' la no. En Bilbao, a 17 de diciembre de 2019 competencies as such Sworn Interpreter,
DO HEREBY CERTIFY that the instrument hereunto annexed is an accurate and true translation, to the best of my belief of a document
in Spanish Language, whose aei Aparicio Aldazabal contents and authenticity are not assessed, and of which a copy is also interpreteJurado
de Ingles Ma Diaz de Haro 21 - 48013 Bilbao Tel/fax: 94-4412621 annexed, countersigned by me. And that the said instrument, given
under my hand and bearing my official seal, is duly executed as a SWORN TRANSLATION in accordance with the provisions of the Spanish
Law. IN FAITH AND TESTIMONY WHEREOF, I, the said SWORN INTERPRETER, have hereunto subscribed my name and set and affixed my seal
of office at Bilbao, this seventeenth day of December two thousand nineteen Rafael Aparicio Aldazabal Idoia Bengoechea Aira Interpretes
Jurados de Vizcaya Rafael Aparicio Aldazabal - Idoia Bengoechea Aira •.) Under the Letterhead of MINISTRY OF INDUSTRY, COMMERCE
AND TOURISM GENERAL SECRETARIAT FOR INDUSTRY AND SMALL AND MEDIUM ENTERPRISE GENERAL DIRECTORATE FOR INDUSTRY AND SMALL AND MEDIUM
ENTERPRISE RESOLUTION GRANTING FINANCIAL AID FOR INDUSTRIAL COMPETITIVENESS PROMOTION AND REDEVELOPMENT Name of the entity: MIDATECH
PHARMA ESPAISIA S.L. TIN: B84185008 Registered address: ZAMUDIO INDUSTRIAL AND TECHNOLOGICAL ESTATE, 800, 2 A City or Town: DERIO
Province: BISCAY POST CODE: 48160 Case number: RCI-040000-2018-309 Place of activity: Derio Name of activity: Manufacturing and
marketing of Q-Octreotide The General Directorate for Industry and Small and Medium Enterprise: Pursuant to the provisions of
Order ICT/1100/2018, dated 18 October, establishing the terms of reference for granting financial aid for industrial investments
in the framework of the public policy for industrial redevelopment and strengthening of industrial competitiveness (Spanish Official
Gazette No. 254, dated 20th October 2018), the Assessment Committee, having due regard to the applications submitted to the Announcement
of the Financial Aid Scheme for the year 2018, made by means of an Order dated 14 December 2018, convening applications for financial
aid for industrial investments in the framework of the public policy for industrial redevelopment and strengthening of industrial
competitiveness of the year 2018 (published in the BDNS (Identifier): 429285, and posted on the Spanish Official Gazette No. 306,
dated 20 December 2018), and after due examination of the representations filed against the provisional resolution, has resolved
to admit the Case hereinabove referred and to draft a Resolution for Granting Financial Aid. Therefore, and after having completed
in due form the requisites established in Article 18 of ICT/1100/2018, dated 18 October, and the approval procedure of the Expense
File, the Minister of Industry, Commerce and Tourism, RESOLVES HEREBY First. To grant the loan hereinafter specified, for carrying
out the activities set forth in the application filed by the applying entity with this Aid Scheme: Eligible Budget (EUR) Loan
Granted (EUR) ,979,793.00 ,553,476.00 This loan is partially collateralized by means of guarantees established with the Government
Depositary: Receipt number: Amount on the Date of the Resolution (EUR): 00048 0000094 0 ,419.00 00048 0000093 0 ,839.00 00048
0000092 0 ,258.00 00048 0000091 0 ,678.00 00048 0000090 0 ,097.00 00048 0000089 0 ,485.00 00048 0000088 0 ,211.00 00048 0000087
0 ,211.00 00048 0000086 0 ,504.00 huerpretes Jurados de Vizcaya Rafael Aparicio Aldazabal - Idoia Bengoechea Aira An itemised
breakdown of the eligible budget is shown in Annex 1: . The loan granted is subject to the TECHNICAL AND FINANCIAL TERMS and to
the SPECIFIC TERMS that are set forth in Annex Land to the following General Terms: a) Completion of investments and expenditures.
The investments and financial expenses foreseen must be completed in the term that goes from the 1st January 2018 to the date
resulting after the lapse of 18 months beginning on the 31st July 2019. However, payment documents issued by the beneficiary may
have a later due date, provided said date takes place within the term established for filing the supporting documents (a three-month
term following the end of the term for completing investments and expenditures). b) Rules applying to expenses eligible for funding.
Investments and funded expenses provided for must meet the eligibility criteria set forth in Article 4 of the ICT Order ICT/1100/2018,
dated 18 October. c) Accounting. Financial activities must be accounted as established in the provisions of Article 21 of the
ICT Order ICT/1100/2018, dated 18 October. The accounting of the expenses incurred must comply with the technical and financial
criteria detailed in Annex I of this Notice, and there shall be no cross-compensation of expenses of any heading with expenses
of any other heading. The documents supporting the effective execution of the financially aided investments, as well as the reports
set forth in Article 21 of the ICT Order ICT/1100/2018, dated 18 October, must be f i lled-in as established in the Instructions
and forms available at the Ministry of Industry, Trade and Tourism Ayudatec web-portal: (http://wwvy.mincotur. b.esiporialay udas).
). d) Non-completion. Should the final effective cost of the investment be less than the budget eligible for funding, either by
acknowledgement by the beneficiary of by resolution of the relevant monitoring body upon examination of the supporting documentation,
the financial aid shall be partially refunded, in an amount proportional to the non-invested part, provided that in the opinion
of said monitoring body, the purpose for granting the financial aid has been essentially achieved; in any other case, the aid
shall be refunded in full, in compliance with Article 37.1b) of Act 38/2003, dated 17 November, General Act on Public Aid. In
both instances, the amount to be refunded shall be increased by late payment interests, from the date on which the financial aid
was paid to the date on which a refund is considered to be applicable. Non-payment of two consecutive principal repayment instalments
or of interest charges for two consecutive periods shall be deemed to be an infringement of the requirements established and it
shall be grounds for the aid to become immediately repayable. If the capital of the firm receiving the aid is drawn-down or if
the contributions of its members are reduced during the accounting periods corresponding to the year of payment of the loan and
the two immediately following ones, in a way that causes the loan so granted to be in breach of the limits established in Article
9 of Order ICT/1100/2018, dated 18 October, a refund for the excess amount of the loan granted shall be required, in order to
comply with the abovementioned financial aid limits. e) Payment. Pursuant to Article 19 of Order ICT/1199/2018, dated 18 October,
the payment of the financial aid shall be conditional to the managing body being fully satisfied that the beneficiary of the aid
is fully compliant with the requirements laid down in Article 34 of Act 38/2003, dated 17 November, General Act on Public Aid.
Interpretes Jurados de Vizcaya Rafael Aparicio Aldazabal - Idoia Bengoechea Aira e Cr Guarantees. The guarantees shall be divided
in two tranches: one covering the principal amount of the loan, that shall be lifted by tranches, as the outstanding principal
amount is equal or less to the amount of the guarantee; and another one covering financial interests, that shall be lifted by
tranches, as the outstanding interest amount is equal or less to the amount of the guarantee. Each tranche of the guarantees shall
be charged from the first instance of default of the payment of the principal or financial interest of the loan, and they shall
be charged as any applicable payments are defaulted, until the guarantee for the tranche in question is fully drawn down. g) Accrual
of financial interests. Interest shall accrue on loans from the date of delivery of the principal amount, i.e., from the date
on Which the State Treasury transfers the amount granted to the beneficiary. Ii) Compatibility. Other sources of public funding
are compatible herewith, subject to compliance with the provisions of Article 8.3 of Order ICT/2018, dated 18 October, in the
understanding that they shall be immediately notified to the managing body. i) Communication and published information. Any publication
and other results that may arise from the funded investments shall mention that the investments have been funded by the Ministry
of Industry, Trade and Tourism, in accordance with the provisions of Article 18 of Act 38/2003, dated 17 November, General Act
on Public Aid. Third.- This Resolution brings to an end the administrative stage of the procedure and it may be appealed against
by means of an application for reconsideration addressed to the body that issued it, within a one-month term, beginning on the
day after the notification hereof, in accordance with Articles 123 and 124 of Act 39/2015, dated 1 October, on Ordinary Administrative
Proceedings of Public Administrations, or else, by means of a request for judicial review, filed within a two-month term, beginning
on the day after the notification hereof, with the relevant body of the administrative judicial branch, pursuant to the provisions
of Act 29/1998, dated 13 July, on the Contentious-Administrative Jurisdiction. Note: In order to apply for an internal administrative
appeal for reconsideration, you must follow this link: le.minetur.gob.esles-es/procedi mientoselectronicos/Pauin Idetal le d ientos.aspx?IdProcedimiento=
1 58 The Secretary General for Industry and Small and Medium Enterprise, P.P. The Minister of Industry, Trade and Tourism (Order
ICT/42/2019, dated 21 January, Spanish Official Gazette 24 January). Signed: Raul Blanco Diaz $`i.k.kee Interpretes Jurados de
Vizcaya Rafael Aparicio Aldazabal - Idoia Bengoechea Aira ANNEX I TECHNICAL AND FINANCIAL CONDITIONS Breakdown of the budget eligible
for funding by items eligible for funding: ELIGIBLE ELIGIBLE ITEMS LOAN BUDGET Building and Facilities ,526,534.00 ,629,134.00
Manufacturing Devices and Equipment ,45,3,259.00 ,924,342.00 TOTAL ACTIVITIES ,979,793.00 ,553,476.00 LOAN TERMS REPAYMENT TERM:
10 YEARS GRACE PERIOD 3 years INTEREST RATE: 1.647% NOTE: Financial data are expressed in EUR to two decimal places. hnerpretes
Jurados de Vizcaya Rafael Aparicio Aldazabal - Idoia Bengoechea Aira Breakdown of funded items: Eligible item: Building and Facilities
BREAKDOWN BUDGET FILED ELIGIBLE BUDGET WORKS TO UPGRADE FACILITIES ,924.00 ,924.00 ENCLOSURES, MANUFACTURING AREAS AND WAREHOUSES
,861,846.00 ,861,846.00 ACCESS TO GENERAL SUPPLIES ,054.00 ,054.00 FACILITIES FOR AIR COMPRESSORS ,423.00 ,423.00 FACILITIES FOR
BACK-UP GENERATORS ,187.00 ,187.00 FACILITIES FOR THE UPS ,132.00 ,132.00 FACILITIES FOR THE TRANSFORMER ,423.00 ,423.00 SWITCH
,423.00 ,423.00 CONTROLLED AIR CABINETS IN C AND D DEGREES ,181.00 ,181.00 ROOM COOLING SYSTEMS ,710.00 ,710.00 ELECTRICAL AND
MECHANICAL SYSTEMS FOR STEAM GENERATORS ,782.00 ,782.00 ELECTRICAL AND MECHANICAL SYSTEMS FOR AUTOCLAVE AND ,392.00 ,392.00 WATER
PURIFYING SYSTEMS SUPPLYING ELECTRICITY AND ENABLING THE OPERATION OF SMOKE ,068.00 ,068.00 EXTRACTION SYSTEMS WASTE ROOMS ,989.00
,989.00 TOTAL ,526,534.00 ,526,534.00 Eligible item: Physical equipment and devices BREAKDOWN BUDGET FILED ELIGIBLE BUDGET SKID
1: FLUID DELIVERY ,496.00 ,496.00 LIQUID AND VIAL BOTTLING AND CAPPING LINE ,845.00 ,845.00 'ENCLOSURE FOR THE BOTTLING LINE TO
MAINTAIN AN "A GRADE" ,558.00 ,558.00 ENVIRONMENT HPLC /UPLC ,524.00 ,524.00 KAARL FISHER (MOISTURE ANALYZER) ,842.00
,842.00 LC_MS MASS SPECTROMETER ,000.00 ,000.00 CO-MASSES ,132.00 ,132.00 DES ,300.00 ,300.00 FLOW CELL (SOLUTIONS) X2 ,200.00
,200.00 RAMAN ,790.00 ,790.00 SKID 2: MICROSPHERE GENERATION ,050.00 ,050.00 CENTRIFUGAL X 2 ,378.00 ,378.00 SCALE + PRINTER ,765.00
,765.00 MICRO INCUBATORS ,754.00 ,754.00 STABILITY CABINETS X2 ,241.00 ,241.00 LAMINAR AIR FLOW CABINET ,677.00 ,677.00 CFL SUPPORTING
TABLE ,655.00 ,655.00 REFRIGERATOR X2 ,442.00 ,442.00 VISIBLE PARTICLE COUNTER ,519.00 ,519.00 VIAL INTEGRITY ,393.00 ,393.00
Interpretes Jurados de Vizcaya Rafael Aparicio Aldazabal - Idoia Bengoechea Aira BREAKDOWN - BUDGET FILED ELIGIBLE BUDGET l 1
OCLAVE FOR LABORATORY / STEAM STERILIZER ,662.00 ,662.00 SKID 3: DEWATERING SYSTEMS ,596.00 ,596.00 OSMOMETER ,938.00 ,938.00
LABORATORY THERMAL STERILIZER ,186.00 ,186.00 WEIGHTING CABINET + TABLE ,877.00 ,877.00 FILTRATION RAMP SYSTEM ,219.00 ,219.00
PUMP FOR RAMP ,219.00 ,219.00 STERITEST ,087.00 ,087.00 ENDOTOXINS ,344.00 ,344.00 AIR SAMPLERS X2 ,200.00 ,200.00 MILLIFLEX ,621.00
,621.00 GPC ,211.00 ,211.00 SKID 4: WASHING SYSTEMS ,595.00 . 311,595.00 STERILIZATION OVEN ,018.00 ,018.00 UPLC ,900.00 ,900.00
ISOLATOR ,000.00 ,000.00 MICROBIOLOGY INCUBATORS ,000.00 ,000.00 SKID 5: CLEAN IN PLACE SYSTEM ,350.00 ,350.00 EQUIPMENT WASHING
AND PREPARATION SYSTEMS ,000.00 ,000.00 PHARMACEUTICAL-GRADE STERILIZABLE FREEZE DRYER ,638.00 ,638.00 'SIP AUXILIARY UNIT TO
CLEAN FIXED SYSTEMS USED IN PROCESSING ,937.00 ,937.00 POWDER FILLER FOR DISPENSING FINAL PRODUCT ,100.00 ,100.00 TOTAL ,453,259.00
,453,259.00 Interpretes Jurados de Vizcaya Rafael Aparicio Aldazabal - Idoia Bengoechea Aira SPECIFIC TERMS AND CLARIFICATIONS
REGARDING THE ELIGIBLE BUDGET The following items have been removed: "Engineering design, commissioning and validation"
under "Buildings" as it is not eligible for funding in a project classified as "Creation of industrial facilities";
"BMS" as it does not specify to which asset it refers to; "Electrical equipment, pumps and materials to adapt the
rooms where systems are stored", "Facilities to operate Laminar Air Flow in rooms", "Filters, filtering tubes,
connectors, printing head, vessels, expendable materials, formulation reactors", and "Excel sheet validation" for
lack of detail and quantification. LOAN REPAYMENT CHART Payments Annual Annual interest Annual repayment instalment .00 ,935.75
,935.75 .00 ,935.75 ,935.75 .00 ,935.75 ,935.75 ,210.86 ,935.75 ,044,146.61 ,210.86 ,516.36 ,028,727.22 ,210.86 ,096.96 ,013,307.82
,210.86 ,677.57 ,888.43 ,210.86 ,258.18 ,469.04 ,210.86 ,838.79 ,049.65 ,210.84 ,419.39 ,630.23 TOTALS ,553,476.00 ,550.25 ,309,026.25
Remark: Repayment deadlines shall be notified as soon as the date of the order to transfer loan funds from the State Treasury
is established. Signed By: Raul Blanco Diaz, THE SECRETARY GENERAL FOR INDUSTRY AND SMALL AND MEDIUM ENTERPRISE, of the GENERAL
SECRETARIAT FOR INDUSTRY AND SMALL AND MEDIUM ENTERPRISE, On: 01/08/2019 :24:01 This document may be accessed from .mincotur.i.lob.es;arce
with Query and Verification Code -43035148PQ9BK7KQOGST. The original document has 7 pages. Page 1 of 7 V% Vvw.inincoitingob.es
Paseo de la Castellana 160 rci(chnincotur.es Madrid cPP SECRETARIA GENERAL DE INDUSTRIA MINISTERIO DE LA PEQUERA Y MEDIANA EMPRESA
t r.+ 'Z!t, DE INDUSTRIA, COMERCIO DIRECCION GENERAL DE INDUSTRIA y Y TURISMO GE LA PEQUERA Y MEDIANA EMPRESA RESOLUCION DE CONCESION
DE APOYO FINANCIER° Segundo.- El prestamo concedido queda sujeto a las CONDICIONES TECNICO-ECONOMICAS REINDUSTRIALIZACION
Y FOMENT° DE LA COMPETITIVIDAD INDUSTRIAL ESPECIFICAS que se detallan en el Anexo I, y a las siguientes conditions generale&
Nombre de la entitled: MIDATECH PHARMA ESPANA S.L. NIF: B84185008 a) Realization de inversiones y gastos.- Las inversiones y gastos
financiados previstos, deberdn realizarse Domicilio social: PARQUE TECNOLOGICO EMPRESARIAL DE ZAMUDIO, 800, 2 A en el plaza cornprendido
entre el 1 de enero de 2018 y la fecha Clue resulte una vez transcurridos 18 mesas contados desde el 31 de jute de 2019. Sin embargo,
los documentos de pago emitidos por el Localidad: Derlo Provincia: BIZKAIA CP: beneficiario, podren toner fecha de vencimiento
posterior, siempre y cuando dicho fecha este N° Expedients: RCI-040000-2018-309 comprendida dentro del plazo concedido para
presenter la documentacien justificative (los Tres mesas Municipio de la actuation: Dedo siguientes a la finalizaciOn del plaza
pare realizar las inversiones y gastos). Titulo de la ectuacien. FabricaciOn y comercializacion de Q-Octreolide La DIreccidn General
de Industrie y de la Pequena y Mediana Empress: b) Reglas aplicables a los conceptos de gasto financiable.-Las inversiones y gastos
financiados previstos deberan cumplir las conditions establecidos en el articulo 4 de la Orden ICT/1100/2018, de 18 de En cumplimlento
de lo dispuesto en la Orden ICT/1100/2018, de 18 de octubre, par la que se establecen octubre, las bases reguladoras pare la concesjOn
de apoyo-financiero a la inversion industrial en el marco de la politica pitiblica de reindustrializacitin y fortalecimiento de
la compelitividad industrial (BOE n° 254, de 20 c) Justificacion.- La justificacion de las actividades financieras se realizara
de acuerdo con lo establecido de octubre de 2018), la Comision de Evaluacien, despues de evaluar las solicitudes presentadas a
la en el articulo 21 de la Orden ICT/1100/2018, de 18 de octubre. Convocatoria de Apoyo Financiero correspondiente al ano 2018,
efectuada mediante la Orden de 14 de En la justificacien de los gastos realizados deberan seguirse las conditions tecnico-econamicas
diciembre de por la que se efectaa la convocatorie de concesitin de apple() financier° a la inversion detalladas en el Anexo
de esta re:lifted& y no Se apficara compensation de los gastos de unas industrial en el marco de la politica pOblica de reindustdalizacitin
y fortalecimiento de la competitividad partidas con otras. industrial en el ano 2018 (publicada en la BDNS (Identif.):429285.
y anunciada en el BOE N° 306 con Los documentos acreditativos de que la inversion objeto del apoyo financiero ha sido efectivamente
fecha de 20 de diciembre 2018), y Was examinar las alegaciones presentadas a la propuesta de resolution ejecutada y los informes
senalados en el articulo 21 de la Orden ICT/1100/2018, de 18 de octubre, provisional, ha acordado estimar el expediente arriba
indicado y proponer Resolution de Concesitin de deberan ser cumplimentados siguiendo las Instrucciones y modelos accesibles desde
el portal Apoyo Ftnanciero. Ayudatec de la web del Ministerio de Industrie, Comercio y Turismo (http://www.mincotur.gob.es/portalayudas).
Por ello, una vez realizados los tramites previstos en el articulo 18 de la ICT/1100/2018, de 18 de octubre, asi comp la autorizacion
del expediente de gasto, la Ministra de Industrie, Comercio y Turismo, d) Incumplimientos.- Si el costa efectivo final de la inversion
resulta inferior al presupuesto financiable, ya sea porque lo manifieste el beneticlario, a asi se considere por el organ°
competente al examiner la RESUELVE documentaciOn justIfiCativa, se reintegrare parcialmente el apoyo financiero en la cantidad
proportional a la pane no efectuada, siempre que a juicio de dicho 6rgano se hayan cumplido basicamente los Primero.- Conceder
el prestamo que a continuation "se indica, para la realizaciOn de las actuaciones objetivos por los que se concedie el apoyo
financiero, puss en case contrano, procedera el reintegro contenidas en la solicitud presentada por entidad solicitante a este
convocatoriai total en aplicaciOn del articulo 37.1b) de la Ley 38/2003, de 17 de noviembre, General de Subvenciones. En ambos
cases, procedera la devolution de la cantidad a reintegrar, mds los intereses de dernora, desde el memento del pago del apoyo
financiero haste la fecha en que se acuerde la procedencia del Presupuesto Prestemo reintegro. Flnanciabte(E) Concadido(try .97
,00 .551476,00 La no satisfaction de dos cuotas consecutivas amortizaciOn del principal o de los intereses debidos en dos periodos
consecutivas se considerara incumplimiento de los requisitos establecidos y sere cause Este prestamor se encuentra garantizado
parcialmente mediante garantlas constituidas ante la Caja de reintegro. General de Deptisitos. En caso de producirse descapitalizaciones
disminuciones de aportaclones de socios de la empresa N°de Nesguardo I Import* a Techa resoluoldn(Q} heneficiana, durance
los ejercicios correspondientes at ano del pago del prestamo y los dos siguientes, 00048 0000094 0 .41%0C que Kagan que el prestamo
concedido incumpla los limbs establecidos en el articulo 9 de la Orden 00048 hise .63%00 con los citados limites de financiacion.
ICT/1100/2018, de 18 de octubre, se exigira el reintegro del exceso de prestamo concedido pare cumplir 00048 0000092 0 .258.00
00048 0000091 0 .678,00 e) Pap: De acuerdo con el articulo 19 de la Orden ICT/1100/2018, de 18 de octubre, el pago de la cocas
m oose o .097,05 ifnanciacion quedara condicionado a que exists constancia por parte del organ° gestor de que el 00048 0000089
0 .485,00 beneficiario cumple todos los requisitos senalados en et articulo 34 de la Ley 38/2003, de 17 de .00048 0000088 0 .211.00
,,, noviembre, General de Subvenciones. 00048 0000087 0 .211,00 _ c2 f) Garantlas.- Las garantias se dividiran en dos tramos:
uno que cubrira el principal del prestamo, y que se 00048 0000006 0 RAFMA.90A PARIC 10 - 11)0! A I ti OEC I I I:, „Vancelara
por trams, una vez que el importe de capital pendiente de devolucion sea tg ual o inferior al importe garantizado; y otro que
cubrira los intereses financieros, y que se cancelara por tramos una vez El desglose por conceptos del presupuesto financiable
figura or nexo I. Inter Jura4 ;:.; qua el impute de interes financiero pendiente de devolucion sea igual o inferior al importe
garantizado. : .-o Coda tramo de garantias se incautare desde el memento del primer impago del principal del prestamo 0 La pref:cnin
fotocopia rr p,.,.-uluci 4.*Jocuiriento del irtIrtaemreos financiero, y se iron incautando segen impagos haslet que se agote la
garantla constduida de — \ a parii (R.:i os,3: .,,.-. , . -. 4 1141:ion jurada Devencio de los intereses financieros.- Los
prestamos devengarAn intereses desde la fecha de entrega www.mincotur.gob.es .7:,:Vi rci@mincolur.es I C 2019 r24i .. °e9
This is aztdiTprrof the docuriatf of ,.. MINISTLiIHDE INDU: IFul Y translated under the above refe,iik R.4.FAEL APARJCIO - IDOlA
iffligGOECITP. A Sworn Translators z del principal, entendiendose coma tal la fecha en la que el Tesoro Ptirblice realize la transferencia
del ANEXO I importe concedido al beneficiario. a n) Compatibilidad.- Se admite la concurrencia con cualquier otra financiacion
publica, siempre que se CONDICIONES TECNICO-ECONDMICAS O cumpla con lo dispuesto en el articulo 8.3 de la Orden ICT/1100/2018,
de 18 de octubre, y deberan ser . comunicadas inmediatamente al &gene instructor. Lu i) Information y publicided.- En las
publicaciones y otros resurtados a los que puedan der lugar las inversions financiadas, debere mencionarse que las mismas han
sido financiadas por et Ministerio de Distribution del presupuesto financiable por conceptos financiables: Industrie, Camercio
y Turismo, de acuerdo con lo dispuesto en el arliculo 1a de la Ley 3812003, de 17 de noviembre, General de Subvenciones. or) CONCEPTOS
FINANCIABLES PRESUPUESTORNANCIASLE PRESTAMO O Ethficaolon y sus Instalacionos .626,634,00 t .629,134,00 Tercero.- Contra la presente
Rest:Auden, que pone fin n le v!s... administrative, mire interponerse Aparatcr-y Equippe de ProducciOn ,453.259,00 .824.342,00
potestativamente recurso de reposition ante el mismo organ° que la he dictado, en el plaza de un men TOTAL ACTUACIONES .979.793,00
..553.478,00 contado a partir del die siguiente al de su nollficaciOn, de conformidad con los articulos 123 y 124 de la Ley /2015,
de 1 de octubre, del Procedimiento Administrativo Com& de las Administrations PUblicas, o bien, recurso contencioso-administrativo,
en el plazo de dos meses, a canter desde el die siguiente al de sunotificacion, ante el Organ compelente del orden jurisdictional
contenciosc-administrativo, de conformidac CONDICIONES DEL PRESTAMO .1 con lo dispuesto en la Lev 2911998, de 13 de lull°,
reouladora de la Jurisdiction Contencioso Administrative. PLAZO DE AMORTIZACION: 10 ANDS Wui 5' Note: Para interponer recurso
de reposition debere acceder al siguiente enlace: TIPO DE INTERES: PERIODO DE CARENCIA: 3 ASLOS ,647% hlIptifsedo.minEtLlr.g on.esios-es/procedirnionloselectronicos/Re
insetdelel rocedimienlos43naldProcedimionloo156 NOTA: Todos los dates economical. en euros y con do. decImeles. i < u El Secretario
General de Industrie y de la Pequella y Mediana Empress P.D. de la Ministra de Industria, Comerclo y Iurismo (Orden ICD42/2019,
de 21 de enero, BOE 24 de enero) 0 Lir o. R.AFAEL APARIC1O - IDO1A BENGOECHEA O>L : Fdo.: Rail] Blanco Dlaz Interpretes Jurados
g4 La presente fotocopia reproduce el document() z a partir del cual is traducciOn jurada DIC 2019 L/This is a true copy oi :ioournent
officially translated under the above reference o F's,•\F: \ Et, APARICIO IDOIA BENGOEC.1-17 , s.. oorr n " E "AS
_ . 7,37 Sc • § PAgina 3 ImNISTERIO ,e Pagina 4 MINISTERIO OF INDUSTRiA, COMERCIO gi DE INDUSTRIA, COMERCIO "LIPISMO
TURISMO Desglose conceptos financiados: Concepto Financiable: Edification y sus instalaciones DESOLOSE PRESUPUESTOPRESENTADO PRESUPUESTOFINANCIABLE
TERMODESINFECTADOR LABORATORIO ,186.00 .166,00 DESGLOSE PRESUPUESTO PRESUPUESTO St CABINA DE PESADA + MESA .877.00 .877.00 PRESENTADO
FINANCIABLE liAMPA FiLtRACIN .219,00 .219,00 OBRAS PARA ADECUAR INSTALACIoNEs 924.00 .924,00 BOMBA PARR RAMPA .219,00 .219,00
• CERAMIENTOS. ZONAS DE PRODUCCION Y ALMACENES .046,00 a01.846,00 STERITEST .087,00 - 24.087,00 ACCESO A SUMINISTROS GENERALES
..054,00 .054,00 ENDOTOXINAS .344,00 .344,00 INSTALACIONES PARA COMPRESORES DE AIRE 423,00 .423,00 IY MUESTREADORES AIRE X2 .06
,200.49 INSTALACIONES PARA LOS GENERADORES DE APOY0 .187.00 .18700 -MILLIFLEX .00 .62109 INSTALACIONES PARA EL SAI .132,00 .132.00
z GPC .211,00 .211,00 INSTALACIONES PARA EL TRANSFORMADOR .423,00 ,2.423,00 O SKID 4: WASHING SYSTEMS ,00 .595,00 ' SWTTCH .423,00
..423.00 .foRNOESTERILIZACIoN .018,00 ,018,00 CAMARAS DE AIRE CONTROLADO EN GRADOS C Y D .18100 .181.00 UPLC .900,00 .900.00 i
SISTEMAS DEREFRIGERACION DE SALAS 710 00 .710.00 I AISLADOR • .000,00 .000.00 SISTEMAS ELECTRICOS Y MECANICIDS PARA GENERADORES
DE VAPOR .782,00 .782,00 `INCUBADORAS PARA MICROBIOLOGIA .000,00 .000.00 SISTEMAS ELECTRICOS Y MECANIC0S PARA EL AUTOCLAVE V LOS
SISTEMAS DE .392,00 .392,00 SKID 5: CLEAN IN PLACE SYSTEM .350,00 .350,00 PURIEICACION DE AQUA • SISTEMAS DE LAVADO Y DE
PREPARACION DE EQU1POS .000,00 EXTRACCION DE HUMOS SUMINISTRAR ELECTRICIDAD Y POSIBILITAR EL FUNCIONAMIENTO DE LOS SISTEMAS DE
" 90.068 00 00r LIDFILIZAjok ESTERILIZABLE DEGRADE) FARMACEUTICID .638,00 .630,00 _ SALAS OE RESIDUOS .989 00 ,00 i.r3 UNLOAD
AUXILIAR CIP PARA PROPORCIONAR LIMPIEZA PARA LOS SISTEMAS FIJOS DEL .937,00 .937,00 TOTAL .526.534,00 .5213:034,00 m PROCESO dN
LLENADOR DE POLVO PARA LA DISPENSACION DEL PRODUCT° FINAL .100,00 .1130,00 W TOTAL .453.259,00 .453.259,00 Concepto Financiable:
Aparatos y equipos materiaies LU DESOLOSE PRESUPUESTO PRESUPUESTO PRESENTADO FINANCIABLE SKID 1: FLUID DELIVERY (ENTREGA DE FLUIDO)
..496;00 .496,00 - LINEA DE LLENADO Y LIOUIDO Y ENCAPSULADO DE VIALES .845.00 .84500 RECINTO CERRADO PARA LA LINEA DE LLENADO PARA
MANTENER UN ENToHNO DE GRADS A .558,00 .558,00 HELD /UPLC .524,00 524.00 ,1---4ZAFAEL APARICIO IDOIA BENGOECHEA KAARL FISHER (ANALIZADOR
DE HUMEDAD) .842.00 ,00 Interpretes Jurados ESPECTROMETRO DE MASAS LC MS .000,00 .000,00 - MASAS .132,00 ,00 La presente fotocopia
reproduce el document° DES .300,00 ,00 CELDA DE FLUJO (DISOLUCIONES} X2 .200,00 .200,00 a partir del cual se rc-1; ?.6 la
traduccian jurada RAMAN .790.00 .790,00 SKID 2, MICROSPHERE GENERATION .050.00 .050,00 DI C 2019 CENTRIEUGA X 2 .378.00 ,378,06
,;?..:_iplent officially BALANZA IMPRESORA .765,00 .76500 aJ This is a true copy MICRO INCUBADORAS .754.30 .75400 LJ translated
under the above reference CAMARAS DE ESTABILIDAD X2 .241.00 .241:00 c.7 CABINA DE FLUJO LAMINAR .00 .077.00 RAFAEL APARICIO -
IDOL\ BENGOECIM MESA SOPORTE CFL i_65500 fi5500 < S4Flflrn Trans17stors NEVERA x.2 ,00 .442.00 ILI CONTADOR DE PARTICULAS VISIBLES
..619,00 ,00 INTEGRIDAD DE VIALES .393,00 .393,00 N m AUTOCLAVE PARA LABORATORID/ESTERILIZADOR CE. VAPOR .662,00 -rg SKID 3.bEWATERING
SYSTEMS .596,00 c SmoMETRO .938,00 .936 OD Zoo m4 . ,2 P4glna MINISTERIO DE T4 DE INDUSTRIA, COMERCIO TiR8.i. N Y TURISMO m8'8
L L Oww CONDICIONES ESPECIFICAS Y ACLARACIONES AL PRESUPUESTO PINANCIABLE Se han eliminado las siguientes partidas. "Ingenieria,
puesta en marcha y validaciOn" dentro de "Edificacionee por no ser tinanciable en la clasificacidin de proyecto de "CreaciOn
de Eslablecimientos Industrieles", "BAAS" por no concretar de que activo se data; "Valeriales, bombas y equipos
electricos para la adecuacien de las diferentes salas donde se almacenan los sistemas", "Instalaciones para el tuncionamiento
del Flujo Laminar en salas", "Filtros, tubos de filtration, conectores, cabeza de impresidn, bombonas, fungibles, reactores
de formulacidn" y ''Validaci6n hojas excel" por insuficiencia nivel de detalle y cuantificaciOn. CUADRO DE AMORTIZACION
DEL PRESTAMO Pastas Amortization Intereses Cuota anual anual anuales ,00 .935.75 .935.75 ,00 .925,75 .935,75 .00 .935.75 .935,75
21086 .935,75 .146,61 .210,86 .36 .028.727,22 -4" .21086 .096,96 .013.30762 .210,86 .677.57 .888.43 ,86 .258,18 .469,04 .210,86
..838,79 .049,65 .210,84 .419,39 .610,23 TOTALES .553.476,00 .550.25 .309.026,25 Nola: Las feehas Ilmitos de amorlizacion se cornonzaran
cuando se determine la fecha de orden da transferencia del prastamo desde Tesoro rridoco RAFAEL APARICIO - IDOIA BENGOECHEA Interpretes
Jurados La presente fotocopia reproduce el documento a par& del cual se realizo la traduccion jurada DIC 2019 This is a true
copy of the document officially translated under the above reference RAFAEL APARICIO - 1DOIA BENGOECITEA Sworn Translators 0::
7 MINISTERIO DE INDUSTREA, GC/MERCK) TURISMO

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