Document:

Exhibit 10.12

 

Exclusive License Agreement

 

This Exclusive
License Agreement (“Agreement”), is made as of May 15, 2014 (“Effective Date”),
between SenesTech (“SenesTech”), a Nevada corporation, whose address is 3140 North Caden Court,
Suite 1, Flagstaff, Arizona 66004, and Neogen Corporation (“Neogen”), a Michigan corporation
whose address is 620 Lesher Place, Lansing, Michigan 48912.

 

Recitals

 

A.           WHEREAS,
SenesTech has created and owns new and novel intellectual property and trade secrets; and

 

B.           WHEREAS,
Neogen desires to license under the terms and conditions contained in this Agreement the exclusive rights to manufacture, market,
and distribute certain SenesTech intellectual property.

 

The parties agree as follows:

 

1.           Grant
of License.

 

a.           Generally.
SenesTech grants to Neogen, and its Affiliates, during the term of this Agreement, subject to Neogen’s compliance with the
terms and conditions of this Agreement, including the Royalty provisions of Exhibit 3, an exclusive license to practice the Licensed
IP solely to make, use, manufacture, sell, distribute, import and export Products in the Covered Fields in the Territory and to
service Products in the Covered Fields in the Territory. This grant shall include Neogen’s right to (i) sublicense the rights
to sell, distribute, import and export Products to Sublicensees (as defined in Section 1.f.(6)); and (ii) extend to its customers
purchasing Products the right to use the Products purchased and to practice the methods claimed in the Licensed IP in connection
with such use of the Products. The term “License” shall mean the license granted to Neogen and its Affiliates
specified in this Agreement.

 

i.            Neogen
agrees that all sublicenses granted by Neogen hereunder shall, at SenesTech’s option, be co-terminable with this Agreement
to the extent SenesTech’s rights in the Licensed IP are involved.

 

ii.         Neogen
agrees that any sublicenses granted by Neogen shall provide that the obligations to SenesTech of Sections 1, 2, 4, 6.(f), 6(g),
8, 9, 12, 13, 18 and 20 of this Agreement shall be binding upon the Sublicensee as if it were a party to this Agreement (the “Subject
Provisions”). Neogen further agrees to incorporate or attach copies of the Subject Provisions to any and all sublicense
agreements.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
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iii.         Neogen
agrees to enforce its rights under any and all sublicense agreements with at least the same degree of diligence that Neogen uses
to enforce similar agreements for its other products, but in no event less than reasonable efforts, or, at SenesTech’s request,
to assign to SenesTech the right to enforce such agreement. Neogen will promptly notify SenesTech if Neogen becomes aware of any
breach of the Subject Provisions or a Sublicensee agreement.

 

iv.         The
right to sublicense granted to Neogen and its Affiliates hereunder does not include the right to sublicense the making or manufacturing
of Products except as provided in the next sentence. Further, unless mutually agreed otherwise in advance in writing by the parties,
the Products shall be made and manufactured exclusively in the United States at the manufacturing site located in Randolph, Wisconsin,
owned and operated by Neogen’s Affiliate, Hacco, Inc.

 

b.           Information
Sharing. The parties mutually recognize the importance of information share and agree that;

 

i.            SenesTech
will (i) promptly deliver to Neogen copies of all existing SenesTech documentation and other written information reasonably relevant
to Neogen’s authorized use of the Licensed IP under this Agreement (collectively, the “SenesTech Documentation”);
and (ii) provide commercially reasonable training for Neogen scientific personnel in Neogen’s authorized use of the Licensed
IP under this Agreement to assist Neogen in its obligation under this Agreement to promptly commercialize Products in the Covered
Fields. Such training will take place at mutually agreed upon times at Neogen’s designated location within the United States.
Neogen shall promptly reimburse SenesTech for reasonable travel and business expenses incurred in providing the SenesTech Documentation
and training under this subsection 1(b)(i). Upon request, SenesTech shall provide Neogen with receipts documenting incurred expenses.

 

ii.         At
SenesTech’s request, Neogen will promptly provide SenesTech with all reasonably requested information concerning Neogen’s
commercialization of the Products, including prompt access to the Products’ research and development facilities and Products’
manufacturing facilities so that SenesTech may take samples of Products, ingredients and packaging materials used in the manufacture
and packaging of the Products, as well as to physically observe, monitor, and inspect the manufacturing practices, quality control
practices, books, records and procedures for the Products all at reasonable times without unreasonably interfering with operation
of the business. Neogen shall fully cooperate with and assist SenesTech in their observations and inspections. SenesTech shall
be responsible for its own travel and business expenses incurred in connection with SenesTech’s exercising of its rights
under this subsection 1(b)(ii).

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
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c.           Rodent
Use Only; Retained Rights. The parties agree that Neogen is only granted an exclusive license under this Agreement for applications
of the Licensed IP in the Covered Fields and that SenesTech reserves all rights for applications of the Licensed IP outside of
the Covered Fields, as well as all rights to make and use the Licensed IP for scientific and non-commercial purposes and for continued
research and development in all applications (including Covered Fields applications). SenesTech hereby expressly reserves the right
to practice, and to grant licenses under, the Licensed IP, for any and all purposes other than the specific purposes for which
Neogen has been expressly granted an exclusive license under section 1.a. of this Agreement.

 

d.           PMP
Market. Neogen agrees to use commercially reasonable efforts to grant exclusive distribution rights for the Pest Management
Professional (the “PMP Market”) to xxxx for a period of two years (calculated from the date
of a distribution agreement with xxxx), subject to agreement of Neogen and xxxx on terms and conditions
of such distribution agreement.

 

e.           No
Claim. SenesTech agrees that, except for the Licensed IP (which shall continue to be owned by SenesTech), the Products and
applications of the Licensed IP utilized by Neogen for the development and sale of the Products are the property of Neogen, subject
to the License and SenesTech’s retained rights set forth herein.

 

f.            Definitions.
In addition to the defined terms set forth elsewhere in this Agreement, the following definitions shall apply to this Agreement.

 

(1)         The
term “Affiliates” shall mean any entity Controlled (as defined in the next sentence) by, Controlling
(as defined in the next sentence) or under common Control (as defined in the next sentence) with the referenced entity but only
for so long as such Control relationship exists. The terms “Controlled”, “Controlling”
or “Control” shall mean the direct or indirect beneficial ownership of more than 50% of the voting equity
of such entity.

 

(2)         The
term “Product” individually and “Products” collectively shall mean any product
or service or component of any product or service making, using, manufacturing, selling, distributing, importing or exporting of
which would, in the absence of the License granted to Neogen and its Affiliates and customers, infringe or utilize any portion
of the Licensed IP, including without limitation ContraPest®.

 

(3)         The
term “Covered Fields” shall have the meaning given in attached Exhibit 1.f.(3).

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
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(4)         The
term “Licensed IP” shall mean (i) the US and foreign Patent Applications identified on attached Exhibit
1.f.(4) but only within the Territory defined herein, all divisional patents and continuations, any patents resulting
from a reexamination or reissue from any of the foregoing, and any patents, whether issued in the United States or any other country,
which result from the application, whether a continuation, continuation in part, division, foreign equivalent or any other type,
and any application claiming priority from the preceding application (collectively, “IP”); and (ii)
all non-public and proprietary information, know-how and intellectual property related to the IP or which are reasonably necessary
to practice the technology described in the IP existing on the Effective Date and any subsequent improvements to the IP and, on
the Effective Date, owned or licensed to SenesTech with the right to grant licenses or sublicenses thereunder in the Covered Fields
and any subsequent improvements to the IP. The Licensed IP may include technical descriptions of assays and variations, standard
operating procedures, trade secrets, sketches, and/or documentation.

 

(5)         The
term “Territory” shall have the meaning given in attached Exhibit 1.f.(5).

 

(6)         The
term “Sublicensee” shall mean any third party to whom Neogen has granted a license to sell, distribute,
import and export Products under the Licensed IP. Affiliates of Neogen may not be Sublicensees.

 

(7)         The
term “Cl” shall mean any non-public information disclosed by either party to the other party, either
directly or indirectly, in writing, orally or by inspection of tangible objects (including without limitation documents, prototypes,
samples, plant and equipment),; provided, however, that CI shall not include any information which:

 

a.           Was
publicly known and made generally available in the public domain prior to the time of disclosure by the disclosing party;

 

b.           Becomes
publicly known and made generally available after disclosure by the disclosing party to the receiving party through no action or
inaction of the receiving party;

 

c.           Is
already in the possession of the receiving party at the time of disclosure by the disclosing party as shown by the receiving party’s
files and records immediately prior to the time of disclosure;

 

d.           Is
obtained by the receiving party from a third party without a breach of such third party’s obligations of confidentiality;

 

e.           Is
independently developed by the receiving party without use of or reference to the disclosing party’s CI or, in the case of
Neogen, the Licensed IP, as shown by documents and other competent evidence in the receiving party’s possession;

 

f.            Is
required by law to be disclosed by the receiving party, provided that the receiving party gives the disclosing party prompt written
notice of such requirement prior to such disclosure and assistance in obtaining an order protecting the information from public
disclosure; or

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
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g.           Is
necessary to be disclosed pursuant to securities laws or exchange rules and regulations; or

 

h.           Is
necessary to enforce the terms of this Agreement.

 

(8)         The
term “EPA Registration Date” shall mean the date that ContraPest® is first registered to SenesTech
by the United States Environmental Protection Agency, whether such registration is for EPA R070 outdoor use, EPA R120 indoor use
or both, and SenesTech has received authorization from the EPA for commercial sale.

 

(9)         The
term “ContraPest®” shall mean SenesTech’s proprietary product that utilizes the Licensed IP.

 

2.           Term;
Termination. The term of this Agreement shall be for the period specified in attached Exhibit 2. This Agreement
shall be terminated in the manner described in attached Exhibit 2.

 

3.           Royalties.
Neogen agrees to pay SenesTech the royalties specified in attached Exhibit 3.

 

4.           Product
Marking. Neogen shall mark each Product as required by all applicable laws and regulations, as well as to identify that the
Product is being made pursuant to a license from SenesTech. Neogen shall mark, and require its Affiliates and Sublicensee(s) to
mark as required by all applicable laws and regulations all shipping or other containers, as well as reference applicable patents
on Neogen’s corporate website, for Licensed Products with the appropriate markings to reflect that a U.S. patent is either
applied for or has been granted.

 

5.           Non-Compete.

 

a.           SenesTech.
During the term of this Agreement (the “Non-Compete Period”), unless and until the License becomes non-exclusive
as provided herein, SenesTech agrees it will not, directly or indirectly, manufacture, cause to be manufactured, sublicense, use
or sell Products in the Covered Fields within the Territory; provided SenesTech may provide the Licensed IP as needed to seek and
maintain protection under applicable intellectual property laws. In addition, the Non-Compete Period under this Section 5(a) shall
be extended for one (1) year post-termination, calculated from the effective date of termination, if Neogen terminates pursuant
to Exhibit 2, Section 2(b) (termination for uncured material breach) when the License was exclusive.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
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b.           Neogen.
During the Non-Compete Period, Neogen agrees it will not, directly or indirectly, manufacture, cause to be manufactured, sublicense,
use, market, distribute, resale or sell products that compete with or are intended, by applicable marketing and promotional programs
directed to such products, to compete with the Products in the Covered Fields within the Territory. In addition, the Non-Compete
Period under this Section 5(b) shall be extended for one (1) year post-termination, calculated from the effective date of termination,
if SenesTech terminates pursuant to Exhibit 2, Section 2(b) (termination for uncured material breach).

 

c.           Exclusive.
SenesTech agrees that unless the License becomes non-exclusive as provided in this Agreement, during the term of this Agreement
it will not license the Licensed IP to, or authorize the use of the Licensed IP by, any person or entity for use in the Covered
Fields within the Territory.

 

6.           Neogen
Diligence.

 

a.           Level
of Effort. Neogen will use commercially reasonable efforts to manufacture and bring to market one or more Products to commercially
exploit the Licensed IP designed to attain maximum commercialization of Products following the EPA Registration Date. Following
commercialization of any and all Products, Neogen will continue to use commercially reasonable efforts to manufacture and market
such Products designed to attain maximum market penetration and sales, including but not limited to using commercially reasonable
efforts to fill market demands.

 

b.           Commercialization
Plan. Neogen shall plan and implement appropriate research and development, testing and production efforts directed toward
commercialization of at least one Product within a commercially practicable date, and promptly provide to SenesTech a copy of such
plan (the “Commercialization Plan”). The Commercialization Plan shall require Neogen to (i) have at least
one Product (the “Initial Product”) ready for manufacture and have the manufacturing facilities for such
Initial Product fully operational within nine (9) months of the EPA Registration Date; (ii) provide SenesTech with a detailed marketing
plan within six (6) months of the EPA Registration Date for the Initial Product; and (ii) launch the Initial Product as soon as
reasonably possible after final registration of the Initial Product with all appropriate state and foreign jurisdictions have been
obtained by Neogen in accordance with Section 7 below.

 

c.           Status
Reports. Until the launch of the Initial Product, the parties shall provide the following monthly written status reports to
each other:

 

i.            Neogen
shall provide reports to SenesTech indicating progress and difficulties to date in commercialization of Products, and a forecast
and schedule of major events required to bring to market, manufacture and sell the Products; and

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
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ii.         SenesTech
shall provide reports to Neogen on progress toward obtaining EPA registration, as well as progress in prosecuting patents related
to the Licensed IP. In addition, SenesTech shall promptly provide Neogen with information on the likely EPA requirements (or modification
to such ERA requirements) for Product stability, storage, bottle size, material packaging and labeling (as may be included in the
ERA registration).

 

After the launch of
the Initial Product, the frequency and substance of written status reports may be modified with the mutual agreement of the parties.
In addition, the parties shall schedule regular telephonic and in person meetings to discuss progress and difficulties to date
in commercialization of the Products.

 

d.           Abandonment
or Suspension. If at any time Neogen abandons or suspends its efforts to manufacture or market any Products, Neogen shall promptly
notify SenesTech in writing giving reasons and a statement of its intended actions to continue to fulfill its obligation under
Section 6(a) to continuously manufacture and market Products.

 

e.           Compliance
with Law; Manufacturing Standards. Neogen shall use commercially reasonable efforts to cause Neogen, its Affiliates and all
Sublicenses, as well as all manufacturing facilities for the Product, conform at all times to all applicable standards required
by law, rule, regulation, industry requirements or reasonable requirements of SenesTech for the making, using, manufacturing, selling
(including all labeling requirements), distributing, importing and exporting of Products. Neogen shall not, directly or indirectly,
make, use, manufacture, sell, distribute, import or export any Product in the Territory until; (a) SenesTech has obtained a United
States Environmental Protection Agency registration for ContraPest®, ERA authorization for commercial sale and, as applicable,
Canadian registration and/or Mexican registration; (b) Neogen has obtained all necessary state registrations; (c) SenesTech or
Neogen (the parties shall coordinate who is in the best position to obtain such registrations) has obtained all Additional Foreign
Registrations; and (d) SenesTech has submitted to the ERA a complete Notice of Supplemental Distribution of a Registered Pesticide
Product (“ERA Form 8570-5”), which is signed by both SenesTech and Neogen, as a “supplemental
distributor” under the Federal Insecticide, Fungicide and Rodenticide Act (FIFRA) Section 3(e). Neogen shall promptly
notify SenesTech in writing of any information it receives related to the legality, safety or quality of Products or their ingredients.
Neogen shall treat the Products with the same degree of priority or higher priority than Neogen applies to all other products it
manufactures (both for itself and others), using commercially reasonable efforts to devote adequate manufacturing capacity to be
capable of manufacturing and supplying the market demand for Products as it does for Neogen’s other products.

 

f.            Termination
Right. Neogen’s failure to materially comply with this Section 6 shall be grounds for SenesTech to terminate this Agreement
pursuant to Exhibit 2, Section 2(b) (termination for uncured material breach).

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
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g.           SenesTech
Non-Exclusive License Conversion Right. If at any time after the one year anniversary of the EPA Registration Date Neogen fails
to manufacture sufficient Product to meet market demand, Neogen shall immediately notify SenesTech in writing, including in such
notice a reasonably detailed explanation for the inability and the projected time when Neogen will be able to meet market demand.
SenesTech shall have the right to convert the License to non-exclusive and license to third parties (or undertake itself or thorough
its Affiliates) to make, use, manufacture, sell, distribute, import and export Products in the Covered Fields in the Territory
and to service Products in the Covered Fields in the Territory; provided if SenesTech so converts the License to non-exclusive
then Neogen’s royalty obligations shall be reduced to 75% of the required amounts. Neogen (at no cost to SenesTech but at
Neogen’s reasonable cost) shall fully cooperate with and promptly provide all information and assistance necessary to enable
alternative manufacturing of the Product as soon as possible.

 

6A.        SenesTech’s
Diligence

 

a.           Title;
Authority. Attached as Exhibit 6A.a is a true and complete copy of the U of A (as defined in Section 10.c) Exclusive
License Agreement, dated October 3, 2005, with SenesTech (“U of A License”);

 

b.           Technical
documents. SenesTech to provide Neogen with formulation specifications including specifications and current sourcing and costs
for the active ingredients, and inert ingredients, protocols for emulsification, quality control, and quality assurance, relevant
data sets for development of formulation and efficacy, all EPA submission documents, protocols for production of the microfluidized
final product on a scaled basis, all packaging and label requirements of the EPA, all trade secrets and resultant protocols for
the product, instructions for use of the product, population models for application protocols, all digital files for trademark
and company identification, and all safety requirements for processing and handling personnel.

 

7.           Registrations.

 

a.           EPA
Registration and EPA Form 8570-5. SenesTech shall use commercially reasonable efforts to register ContraPest® with the
United States Environmental Protection Agency (the “EPA”) as soon as reasonably practicable after the
Effective Date (“EPA Registration”). SenesTech shall notify Neogen in writing at least 15 days prior
to formally filing the ContraPest® application with the EPA, including in such notice the amount of the EPA filing fee (the
“Filing Fee”). Within 10 days after receiving such notification, Neogen shall pay to SenesTech in immediately
available funds the amount of the Filing Fee; provided, however, that in no case shall the amount to be paid by Neogen exceed
(i) $115,475 (if one active ingredient submitted) or (ii) $207,620 (if two active ingredients submitted). The EPA Registration
shall be in the name of SenesTech and the sole and exclusive property of SenesTech. SenesTech agrees to name Neogen as a sub-registrant.
The amount paid to SenesTech hereunder shall be non-refundable but may be credited against Post-Approval License Fees as set forth
in Exhibit 3 to this Agreement; provided however if the EPA requires withdrawal of the Registration the refunded EPA fees shall
be paid by SenesTech to Neogen. SenesTech shall provide regular updates to Neogen on progress toward registration, as well as
provide Neogen with evidence of registration with the EPA promptly following ContraPest®’s registration. Following EPA
registration of ContraPest®, SenesTech and Neogen shall work together in good faith to promptly submit to the EPA for each
Product a completed EPA Form 8570-5 and promptly obtain authorization from EPA for commercial use.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
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b.           State
Registrations. Neogen shall be solely responsible for registering the Products at the state level and for all associated fees
and expenses. SenesTech shall provide commercially reasonable information to the extent reasonably necessary to facilitate such
Products’ registrations, including by submitting to Neogen all relevant data reasonably available to SenesTech and reasonably
necessary for the registrations, including a reasonably complete dossier suitable for each local registration as needed for each
Product. State registrations shall be in the name of Neogen, as a subdistributor of ContraPest®, and be the sole and exclusive
property of Neogen. Neogen shall provide regular updates to SenesTech on progress toward all state registrations, as well as provide
SenesTech with evidence of each state registration promptly following its registration.

 

c.           Foreign
Registrations. SenesTech shall use commercially reasonable efforts to obtain foreign registrations from Canada and Mexico
as described in NAFTA for ContraPest® as soon as reasonably practicable after the EPA Registration Date. SenesTech shall be
responsible for all associated fees. The Canada and Mexico registrations shall be in the name of SenesTech and the sole and exclusive
property of SenesTech if permitted. SenesTech shall provide Neogen with evidence of registration of ContraPest® with Canada
and Mexico promptly following registration in each country. Neogen shall be responsible for determining if any additional registrations
are required in Canada or Mexico (the “Additional Foreign Registrations”) and, if any are required,
promptly notify SenesTech in writing. SenesTech shall be responsible for obtaining the Additional Foreign Registrations and all
associated fees and expenses; provided, however, that SenesTech shall, at SenesTech’s expense, provide Neogen with any data
sets reasonably required for such Additional Foreign Registrations. The parties shall confer and mutually agree in advance on
whose name the Additional Foreign Registrations shall be submitted and on ownership of such Additional Foreign Registrations.
SenesTech shall provide regular updates to Neogen on progress toward the Additional Foreign Registrations, as well as provide
Neogen with evidence of each Additional Foreign Registration promptly following its registration.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	9	 

     

    

 

8.           Trademarks.
Neogen shall not use the name or any trademarks of SenesTech, nor any adaptation thereof, nor any confusingly similar marks, in
any advertising, promotional or sales literature without the prior written consent from SenesTech in each case, except that Neogen
may state that it is licensed by SenesTech under the IP comprising the Licensed IP. All trademarks of SenesTech, including without
limitation the trademark ContraPest® (US Registration number 3646789) (the “CONTRAPEST Mark”), shall
be the exclusive property of SenesTech. SenesTech, shall be responsible for all fees and protection of the CONTRAPEST Mark. Subject
to SenesTech’s prior written approval in each instance (which approval shall not be unreasonably withheld, delayed or conditioned),
SenesTech hereby grants to Neogen during the term of this Agreement a limited, royalty free right to utilize the CONTRAPEST Mark
on the Products and in the promotion and sale of the Products in strict accordance with the terms and conditions of such written
approval and the SenesTech ‘s trademark usage guidelines, which shall be provided by SenesTech to Neogen. All other brands
and trade dress to be used on the Products shall be the exclusive property of Neogen but subject, in each instance, to the prior
written approval (which approval shall not be unreasonably withheld, delayed or conditioned) of SenesTech solely as to the CONTRAPEST
Mark. The Parties shall promptly advise each other of any counterfeiting or infringement of trademark activities of which it becomes
aware in the Territory relating to the Products. Anything in this Agreement to the contrary notwithstanding, Neogen shall have
the right to use its own trademarks on the Products; provided that SenesTech has pre-approved in writing such use on the Products
in accordance with this Section 8, which pre-approval shall not be unreasonably withheld, delayed or conditioned.

 

9.           Confidential
Information.

 

a.           General.
Both parties agree that they shall not individually or jointly disclose to any person (including any Affiliate) any CI of the other
party regardless of nature, type, or physical manifestation except as specifically consented to in advance in writing by both parties.

 

b.           Employee
and Agent Protection. Neither party shall use any CI of the other party for any purpose except to exercise its rights and perform
its obligations under this Agreement. Neither party shall disclose any CI of the other party to any third party or to such party’s
own employees except such employees with a need to know and, prior to any such disclosure, both parties agree to require each person
receiving access to the CI to be bound by non-disclosure agreements containing provisions containing protections at least as strong
as those set forth in this Agreement.

 

c.           Reverse
Engineering. Unless expressly authorized by the disclosing party in writing in each instance, a receiving party shall not reverse
engineer, disassemble, deconstruct or decompile any prototypes, materials, chemicals, software or other tangible objects that embody
the disclosing party’s CI and that are provided to the receiving party hereunder.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	10	 

     

    

 

d.           Maintenance
of Confidentiality. Each party shall take reasonable measures to protect the secrecy of and avoid disclosure and unauthorized
use of the CI of the other party. Without limiting the foregoing, each party shall take at least those measures that it takes to
protect its own most highly confidential information.

 

e.           Disclosures
Required by Law or Legal Process. If a party receives a request or is required by law, regulation or legal process (including,
without limitation, discovery procedures, depositions, interrogatories, requests for documents, subpoena, summons, search and seizure
warrants, court orders or securities laws or exchanges rules) to disclose all or any part of the CI of the other party, to the
extent permitted by law and not in violation of any agreement, it shall (a) promptly notify the other party of the existence, terms
and circumstances surrounding the request or requirement, (b) reasonably consult with the other party on the advisability of taking
legally available steps to resist or narrow the request or lawfully avoid the requirement, and (c) cooperate with the other party
on a reasonable basis to obtain, at the cost of the other party, a protective order or other appropriate remedy to so resist or
narrow the request or lawfully avoid the requirement. In the event that such protective order or other remedy is not available,
or if the other party waives compliance with the provisions of this Section 9(e), the party may disclose to the entity requiring
disclosure that portion of the other party’s CI which the party and such party shall not be liable for such disclosure.

 

10.         SenesTech’s
Warranties and Representations. SenesTech covenants, warrants and represents to Neogen as follows:

 

a.           Sole
Owner. SenesTech owns or has the necessary rights in the Licensed IP to grant the License granted to Neogen hereunder.

 

b.           Authority;
Binding Effect. SenesTech has corporate authority to enter into this Agreement. The Agreement is binding and enforceable against
it. The person signing this Agreement for SenesTech has been authorized to do so.

 

c.           No
Breach. SenesTech’s execution, performance of its obligations and exercising of its rights under this Agreement will
not breach the terms and conditions of any license, contract, understanding or agreement, whether express, implied, written or
oral, between SenesTech and any third party, including but not limited to the University of Arizona (“U of A”).

 

d.           Compliance
with Law. SenesTech will materially comply with all applicable law and industry requirements as to the application, registration
and approval process as to the Licensed IP.

 

e.           Non-Infringement.
SenesTech warrants and represents that the IP and the Licensed IP does not and will not infringe on the intellectual property of
any third party including the U of A intellectual property.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	11	 

     

    

 

f.            Protection
of IP and CI. Anything in this Agreement to the contrary notwithstanding, SenesTech warrants and represents to Neogen that
SenesTech will protect the IP and CI from disclosure in a manner that is no less restrictive than the protection required by this
Agreement with respect to SenesTech’s use or granting of rights to third parties regarding the IP and CI as to all non-Covered
Fields.

 

11.         Neogen’s
Warranties and Representations. Neogen covenants, warrants and represents to SenesTech as follows:

 

a.           Authority;
Binding Effect. Neogen has corporate authority to enter into this Agreement. The Agreement is binding and enforceable against
it. The person signing this Agreement for Neogen has been authorized to do so.

 

b.           No
Breach. Neogen’s execution, performance of its obligations and exercising of its rights under this Agreement will not
breach the terms and conditions of any license, contract, understanding or agreement, whether express, implied, written or oral,
between Neogen and any third party.

 

c.           Compliance
with Laws. Neogen exercising of its License and associated rights under this Agreement will at all times be in material compliance
with all applicable foreign, Federal, State and local law, rule, regulation and industry requirements.

 

12.         IP
Prosecution.

 

a.           Prosecution.
SenesTech shall have the exclusive right, at its expense, to prepare, prosecute and maintain patent applications, and to maintain
and enforce patents comprising SenesTech’s IP and, except as expressly otherwise set forth herein, othenwise deal in and
with and enforce rights associated with the Licensed IP. In the event that SenesTech elects not to prepare, prosecute or maintain
any patent application or any patent rights constituting IP contained in the Licensed IP, SenesTech shall promptly notify Neogen,
and Neogen shall have the right to prepare, prosecute, maintain and own any such application or right at Neogen’s expense.

 

b.           Cooperation.
Each party agrees to cause each of its employees and agents to take all actions and to execute, acknowledge and deliver all instruments
or agreements reasonably requested by the other party, and necessary for the perfection, maintenance, enforcement or defense of
the requesting party’s rights as set forth above.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	12	 

     

    

 

13.         Infringement
by third parties; Declaratory Actions.

 

a.           Both
parties shall promptly notify the other in writing of any alleged or threatened infringement of any Licensed IP in the Territory
of which they become aware and provide any available evidence of such infringement to the other. SenesTech shall have the first
right, but not the obligation, to bring and control any action or proceeding, at its own expense and by counsel of its own choice,
with respect to infringement of any Licensed IP in the Territory. In the event that SenesTech notifies Neogen in writing that it
chooses not to prosecute such infringement of any Licensed IP in the Territory, Neogen shall have the right to enforce such Licensed
IP rights at its own expense. SenesTech shall have the right, but not the obligation, at its own expense to join any such suit
or action brought by Neogen. The party who prosecutes such infringement shall be entitled to any recovery from such prosecution.

 

b.           Both
parties shall promptly notify the other in writing the event that a declaratory judgment action alleging invalidity or non-infringement
of any of the Licensed IP in the Territory shall be brought against it, and the parties shall consult concerning the action to
be taken. Notwithstanding the foregoing, in the case of a declaratory judgment action being brought against Neogen, SenesTech,
at its option, shall have the right, but not the obligation, to intervene and take over the sole defense of the action at its own
expense.

 

14.         Disclaimer;
Limit of Liability.

 

A.           EXCEPT
AS SPECIFICALLY SET FORTH IN SECTION 10, SENESTECH’S WARRANTIES AND REPRESENTATIONS), (I) SENESTECH EXPRESSLY DISCLAIMS ANY
AND ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE WARRANTIES OF DESIGN, MERCHANTABILITY, FITNESS
FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND TITLE; AND (II) THE TECHNOLOGY AND INTELLECTUAL PROPERTY RIGHTS AND MATERIALS PROVIDED
BY SENESTECH HEREUNDER, INCLUDING WITHOUT LIMITATION THE LICENSED IP AND SENESTECH DOCUMENTATION, ARE PROVIDED ‘AS IS.’
THIS AGREEMENT DOES NOT CONFER BY IMPLICATION, ESTOPPEL OR OTHERWISE ANY LICENSE OR RIGHTS TO ANY OTHER INTELLECTUAL PROPERTY RIGHTS
OF SENESTECH OTHER THAN THE LICENSE TO THE LICENSED IP EXPRESSLY STATED HEREIN, REGARDLESS OF WHETHER SUCH PATENTS ARE DOMINANT
OR SUBORDINATE TO THE LICENSED IP.

 

B.           EXCEPT
AS SPECIFICALLY SET FORTH IN SECTION 11 (NEOGEN’S WARRANTIES AND REPRESENTATIONS), NEOGEN EXPRESSLY DISCLAIMS ANY AND ALL
WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE WARRANTIES OF DESIGN, MERCHANTABILITY, FITNESS FOR
A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND TITLE.

 

C.           The
allocations of liability in this section represent the agreed and bargained-for understanding of the parties and the compensation
hereunder reflects such allocations. The limited remedies set forth in this Agreement shall apply notwithstanding the failure of
their essential purpose.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	13	 

     

    

 

15.         Survival.
The provisions 5, 8, 9, 10, 11, 14, 15, 16, 20, 21, 22 through 30 and 32 of this Agreement shall survive termination of the Agreement.

 

16.         Indemnification.

 

a.           Claims
Defined. “Claims” means all third-party (including without limitation universities, governments
and governmental agencies) claims, actions, investigations, demands or proceedings (including but not limited to all costs and
expenses including attorneys and accountants fees).”

 

b.           Losses
Defined. “Losses” means all damages, costs and liabilities of any kind arising out of or related
to Claims which are awarded by a court of final jurisdiction or agreed to in a written settlement agreement executed in accordance
with this Section 16 (including but not limited to all costs and expenses for attorneys and accountants fees).

 

c.           Neogen’s
Right to Indemnification. SenesTech shall indemnify and hold harmless Neogen, its Affiliates, their respective officers, directors,
employees, agents and representatives and any person claiming by or through any of them (collectively, the “Neogen
Indemnified Party”) from and against any Claims, and agrees to indemnify and hold harmless the Neogen Indemnified
Party from any and all Losses to the extent that such Claims arise out of or relate to:

 

i.            Any
breach of this Agreement by SenesTech or any of its Affiliates or agents (other than Neogen), including any breach of the representations
or warranties made by SenesTech contained in this Agreement;

 

ii.         Any
use of the Licensed IP by SenesTech or any of its Affiliates or agents (other than Neogen);

 

iii.         Any
trade secret misappropriation or patent infringement claim by a third party predicated upon the manufacturing, use or sale of the
Product by Neogen or any of its Affiliates or agents; provided, however that SenesTech shall have no indemnification obligation
under this Section 16(c)iii nor any liability for any Claim to the extent such Claim would not have been valid solely on account
of: (i) modifications made to the Licensed IP or Products by Neogen or its Affiliates or agents, including modifications to the
materials, chemicals or other additives used in the manufacturing of or included in the Products (excluding those provided or approved
by SenesTech); or (ii) Neogen or any of its Affiliates or agents use of Licensed IP after SenesTech has provided a replacement
for or a modification of the Licensed IP if the alleged infringement could have been avoided by the use of the replacement or modified
Licensed IP (collectively the exclusions set forth in (i) and (ii) shall be referred to as the “Neogen Indemnification
Obligations”).

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	14	 

     

    

 

d.           SenesTech’s
Right to Indemnification. Neogen shall indemnify and hold harmless SenesTech, its Affiliates, their respective officers, directors,
employees, agents and representatives any person claiming by or through any of them (collectively, the “SenesTech Indemnified
Party” from and against any Claims, and agrees to indemnify and hold harmless the SenesTech Indemnified Party from
any and all Losses to the extent that such Claims arise out of or relate to:

 

i.            Any
breach of this Agreement by Neogen or any of its Affiliates or agents, including any breach of the representations or warranties
made by Neogen contained in this Agreement; or

 

ii.         The
Neogen Indemnification Obligations.

 

e.           Procedure.
The party entitled to indemnification (“Indemnified Party”) shall give the party obligated to indemnify
(“Indemnifying Party”) (i) prompt written notice of a Claim; (ii) authority to control and direct the
defense and/or settlement of such Claim; and (iii) such information and assistance as the Indemnifying Party may reasonably request,
at the Indemnifying Party’s expense, in connection with such defense and/or settlement. Notwithstanding the foregoing, the
Indemnifying Party shall not settle any Claim against the Indemnified Party unless such settlement completely and forever releases
the Indemnified Party with respect thereto or unless the Indemnified Party provides its prior written consent to such settlement,
which consent shall not be unreasonably withheld, delayed or conditioned. In any action for which an Indemnifying Party provides
defense on behalf of the Indemnified Party, the Indemnified Party may participate in such defense at its own expense by counsel
of its choice. Failure to give prompt notice to the Indemnifying Party shall not relieve it of its indemnification obligation except
to the extent that the Indemnifying Party is materially prejudiced.

 

f.            Indemnified
Party Acts. Notwithstanding anything to the contrary in the Agreement, the indemnification rights granted herein shall not
apply to the extent to which any Claims and/or Losses would not have arisen but for the negligent or willful actions or omission
of the Indemnified Party or any of its agents or Affiliates.

 

g.           Mitigation.
Notwithstanding anything to the contrary in this Agreement, the Indemnifying Party shall have no liability for any Losses to the
extent the Indemnified Party had a reasonable opportunity, but failed to mitigate such Losses. The parties agree that if SenesTech
believes in good faith that continued sales of existing inventory or manufacturing of Product by Neogen may increase the potential
Losses for which SenesTech is required under this Section 16 to indemnify Neogen, that Neogen shall refrain from such sales of
existing inventory or manufacturing of Product until instructed otherwise by SenesTech. If SenesTech avails itself of the right
in the preceding sentence to cause Neogen cease sale of existing inventory or manufacturing of Product, its indemnity obligations
pursuant to this Agreement shall remain effective.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	15	 

     

    

 

h.           Survival.
Notwithstanding anything to the contrary in this Agreement, the indemnification rights granted herein shall survive termination
or expiration of this Agreement, but only with respect to Claims which arose from acts or circumstances that occurred prior to
termination or expiration; provided, however, that Claims related to the sale of remaining inventory after termination pursuant
to Section 2 of Exhibit 2 shall survive termination or expiration of the Agreement.

 

17.         Integration.
This Agreement (including the Exhibits) sets forth the entire agreement and understanding between the parties as to the subject
matter of this Agreement and supersedes all prior discussions, representations, agreements (including the Memorandum of Understanding
between the parties dated as of August 29, 2013) and amendments of understandings of every kind and nature between them.

 

18.         Force
Majeure. Neither party shall be held responsible or liable or be deemed to be in default or in breach of this Agreement (other
than payment of money owed) for its delay, failure or inability to meet any of its obligations under this Agreement caused by or
arising from any cause which is unavoidable or beyond the reasonable control of such party, including war, warlike operations,
riot, insurrection, orders of government, strikes, fires, floods, lawful acts of public authorities, lockouts, public health emergencies,
quarantines, disturbances or any act of God or other cause which frustrates the performance of this Agreement; provided such suspension
of performance shall be limited to the period in which the force majeure exists. Notwithstanding the foregoing, should any force
majeure situation continue for longer than 120 days, then the party who is not in default or breach of the Agreement due to the
force majeure situation may terminate the Agreement, effective upon 120 days written notice to the party who is in default or breach
of the Agreement.

 

19.         Amendments.
Any amendment, alteration, supplement, modification or waiver shall be invalid unless it is set forth in writing, signed by both
parties, which specifically makes reference to this Agreement.

 

20.         Assignability.
This Agreement and the rights and duties under this Agreement may not be assigned by either party without the prior written consent
of the other party, which shall not unreasonably be withheld, delayed or conditioned. Notwithstanding the foregoing, either party
may assign this Agreement without the prior written consent of the other party to an Affiliate or unrelated third party that acquires
or succeeds to all or substantially all of such party’s business or assets or is the surviving entity in a merger, dissolution
or reorganization to which the assigning party is a party (“Sale”). However, no permitted assignment
shall release the assigning party from its obligations hereunder without the written consent of the other party (which consent
shall not be unreasonably withheld, delayed or conditioned).

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	16	 

     

    

 

For this purpose, any assignment by operation
of law shall be treated as a prohibited transfer except a transfer by operation of law in connection with a Sale.

 

21.         Benefit.
This Agreement shall be binding upon and inure to the benefit of the parties and their respective permitted successors and permitted
assigns.

 

22.         Notices.
All notices and other communications required or permitted under this Agreement shall be in writing and shall be deemed to have
been given if mailed by registered or certified mail, postage prepaid, or otherwise delivered by hand or by messenger or by nationally
recognized overnight delivery provider, to the parties at addresses set forth below:

 

If to SenesTech:

ATTN: CEO

3140 N Caden Court

Suite 1

Flagstaff, AZ 86004

 

With a copy to:

 

Kennan Kaeder

Attorney at Law

110 West C Street,
Suite 1300

San Diego, Ca 92101

 

If to Neogen:

Neogen Corporation

Attention: CEO

620 Lesher Place

Lansing, MI 48912

 

With a copy to:

 

Neogen Corporation

Attention: Vice President,
Animal Safety

944 Nandino Blvd.

Lexington, KY 40511

 

With a copy to:

Richard C. Lowe

Lowe Law Firm, PC

2375 Woodlake Drive,
Suite 380

Okemos, Michigan 48864

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	17	 

     

    

 

23.         Counterparts
and Facsimile. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same
agreement, and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the
other parties containing either an original signature or a copy sent by facsimile. The parties agree that signatures on this Agreement,
as well as any other documents to be executed pursuant to this Agreement, may be delivered by facsimile in lieu of an original
signature, and the parties agree to treat facsimile signatures as original signatures.

 

24.         Captions.
Captions contained in this Agreement are inserted for reference and in no way define, limit, extend or describe the scope of the
Agreement or the intent of any provision in the Agreement.

 

25.         Severability.
If any provision of this Agreement becomes or is declared by the court of competent jurisdiction to be illegal, unenforceable,
or void, this Agreement shall continue in full force and effect without the provision.

 

26.         Authority
to Execute. Each party warrants and represents to the other party that this Agreement will be binding upon it once executed,
and that the individual executing this document is authorized or has been empowered to do so.

 

27.         Attorney
Fees. The prevailing party in any litigation involving this Agreement shall be entitled to recover, in addition to any other
relief obtained, the costs and expenses, including reasonable attorney’s fees and expenses, incurred by the prevailing party.
The Court shall determine who the prevailing party is.

 

28.         Construction
of Agreement. The parties agree that this Agreement has been jointly drafted and that neither party may assert an ambiguity
in the construction of this Agreement against another party because the other party allegedly drafted the allegedly ambiguous provision.

 

29.         Waiver.
All waivers must be in writing and signed by the waiving party.

 

30.         Governing
Law; Venue. This Agreement has been executed, delivered and accepted at and shall be deemed to have been made at Lansing, Michigan
and shall be interpreted and the rights and liabilities of the parties hereto determined in accordance with the laws of the State
of Michigan without regard to the application of conflicts of laws. The parties agree that any action instituted by SenesTech shall
be brought in the court of appropriate jurisdiction in Ingham County, Michigan or U.S. District Court for the Western District
of Michigan. The parties agree that any action instituted by Neogen shall be brought in the court of appropriate jurisdiction in
Coconino County, Arizona or U.S. District Court for the District in Arizona. The parties consent to jurisdiction and waive all
claims of improper venue and forum nonconveniens.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	18	 

     

    

 

31.         Modification
of Base Agreement. Notwithstanding anything to the contrary in this Agreement, the provisions contained in attached Exhibit
31. shall supersede and take precedence over any conflict with the provisions contained in the this Agreement.

 

32.         No
Third Party Benefits. None of the provisions of this Agreement will be for the benefit of, or enforceable by, any third party
beneficiary.

 

[The rest of this page is intentionally
left blank.]

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	19	 

     

    

 

The parties have signed
this Agreement on the date first above written.

 

	SenesTech: 	 	Neogen:
	 	 	 
	 	 	Neogen Corporation
	 	 	 
	/s/ Loretta P. Mayer	 	/s/ James L. Herbert
	By: Loretta P. Mayer, PhD 	 	By: James L. Herbert
	 	 	 
	Title: CEO and Chairman 	 	Title: CEO and Chairman

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	20	 

     

    

 

Exhibit 1.f.(3)

 

Covered Fields

 

The term “Covered Fields”
is defined as:

 

All commercial rodent control application
fields of use to include but not be limited to all agricultural applications, professional pest applications, government and/or
agency applications, and consumer retail applications in accordance with current EPA regulations.

 

SenesTech hereby grants to Neogen a first
right, during the term, to be offered by SenesTech the opportunity to license the Licensed IP in the Territory with manufacturing,
marketing and distribution rights in any and all commercial fertility control animal applications other than rodents (the “Other
Fields”). If during the term, SenesTech should intend to license the Licensed IP to an unaffiliated third party within
any Other Fields, then SenesTech will first offer Neogen in writing an opportunity to license the Licensed IP within such Other
Fields. Neogen must notify SenesTech in writing within ten (10) business days of its receipt of SenesTech’s notice (the “New
Covered Fields Notice Period”) whether Neogen elects to enter into good faith negotiations to license the Licensed
IP within such Other Fields. If Neogen does not notify SenesTech in writing within the New Covered Fields Notice Period of its
intention to negotiate, SenesTech is thereafter entitled to license the Licensed IP within such Other Fields to any unaffiliated
third party without further notice to Neogen; provided, however, that if SenesTech does not enter into an agreement for the licensing
of the Licensed IP within such Other Fields within 180 days following the New Covered Fields Notice Period, SenesTech’s obligations
under this paragraph shall reinstate and shall apply to any future attempt to license the Licensed IP to an unaffiliated third
party with any Other Fields. If Neogen notifies SenesTech in writing within the New Covered Fields Notice Period of its intent
to negotiate (the “New Covered Fields Notification Document”), the parties shall promptly thereafter
enter into good faith negotiations for Neogen to license the Licensed IP within such Other Fields. If the parties are unable to
enter into an agreement for the licensing of the Licensed IP within such Other Fields within sixty (60) days following the New
Covered Fields Notice Period (the “New Covered Fields Negotiation Period”), SenesTech is thereafter
entitled to license the Licensed IP within such Other Fields to any unaffiliated third party without further notice to Neogen;
provided, however, that if SenesTech does not enter into an agreement for the licensing of the Licensed IP within such Other Fields
within 180 days following the New Covered Fields Negotiation Period, SenesTech’s obligations under this paragraph shall reinstate
and shall apply to any future attempt to license the Licensed IP to an unaffiliated third party within any Other Fields. For the
avoidance of any doubt, the rights granted Neogen under this paragraph do not limit in any way SenesTech’s ability to practice
the Licensed IP itself in the Other Fields or to license the Licensed IP within such Other Fields to an Affiliate of SenesTech
(except as otherwise provided in the Agreement).

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	21	 

     

    

 

Exhibit 1.f.(4)

IP

 

1.          US
Patent Application xxxx, filed xxxx

 

2.          Patent
Cooperation Treaty Application, xxxx, filed xxxx.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	22	 

     

    

 

Exhibit 1.f.(5)

Territory

The term “Territory”
is defined as:

		-	USA;

		-	All US Territories under jurisdiction
of the Environmental Protection Agency (EPA);

		-	Canada; and

		-	Mexico

 

SenesTech hereby grants to Neogen a first
right, during the term, to be offered by SenesTech the opportunity to license the Covered Fields in areas outside the Territory
(the “Other Territories”). If during the term, SenesTech should intend to license the Licensed IP to
an unaffiliated third party within the Covered Field in Other Territories, then SenesTech will first offer Neogen in writing an
opportunity to license the Licensed IP within such Other Territories. Neogen must notify SenesTech in writing within ten (10) business
days of its receipt of SenesTech’s notice (the “Additional Territory Notice Period”) whether Neogen
elects to enter into good faith negotiations to license the Licensed IP within such Other Territories. If Neogen does not notify
SenesTech in writing within the Additional Territory Notice Period of its intention to negotiate, SenesTech is thereafter entitled,
subject to the last paragraph of this Exhibit 1.f.(5), to license the Licensed IP within such Other Territories to any unaffiliated
third party without further notice to Neogen; provided, however, that if SenesTech does not enter into an agreement for the licensing
of the Licensed IP within such Other Territories within 180 days following the Additional Territory Notice Period, SenesTech’s
obligations under this paragraph shall reinstate and shall apply to any future attempt to license the Licensed IP to an unaffiliated
third party within any Other Territories. If Neogen notifies SenesTech in writing within the Additional Territory Notice Period
of its intent to negotiate (the “Additional Territory Notification Document”), the parties shall promptly
thereafter enter into good faith negotiations for Neogen to license the Licensed IP within such Other Territories. If the parties
are unable to enter into an agreement for the licensing of the Licensed IP within such Other Territories within sixty (60) days
following the Additional Territory Notice Period (the “Additional Territory Negotiation Period”), SenesTech
is thereafter entitled to license the Licensed IP within such Other Territories to any unaffiliated third party without further
notice to Neogen; provided, however, that if SenesTech does not enter into an agreement for the licensing of the Licensed IP within
such Other Territories within 180 days following the Additional Territory Negotiation Period, SenesTech’s obligations under
this paragraph shall reinstate and shall apply to any future attempt to license the Licensed IP to an unaffiliated third party
with any Other Territories. For the avoidance of any doubt, the rights granted Neogen under this paragraph do not limit in any
way SenesTech’s ability practice the Licensed IP itself in the Other Territories or to license the Licensed IP with such
Other Territories to an Affiliate of SenesTech (except as provided in this Agreement).

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	23	 

     

    

 

Anything in this Exhibit
1.f.(5) to the contrary notwithstanding, Neogen shall have a right of first refusal to purchase or license the Covered Fields in
any Other Territories on the same terms negotiated with a third party.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	24	 

     

    

 

Exhibit 2

Term and Termination

 

1.          Term.
Unless earlier terminated pursuant to the terms of the Agreement (including this Exhibit 2), this Agreement shall commence on
the Effective Date and end upon the later of (i) the last day of expiration of the last patent included in the Licensed IP; or
(ii) the 10th anniversary of the Effective Date.

 

2.          Neogen
Non-Exclusive License Conversion Right. As soon as Neogen has paid SenesTech a cumulative total of $1,850,000 or greater in
fees and royalties under this Agreement, Neogen shall have the option to amend this Agreement so that the License is non-exclusive.
Neogen may exercise this option by sending written notice to SenesTech. The parties shall then negotiate in good faith for a period
of no more than sixty (60) days on what, if any, other terms and conditions of the Agreement will be amended in connection with
the License converting to a non-exclusive (collectively, the “Additional Amendments”). At the end of
this sixty (60) day period, at Neogen’s option, the parties shall either (i) execute a written amendment to the Agreement
converting the License to non-exclusive and documenting the Additional Amendments (if any) mutually agreed upon or (ii) keep the
Agreement in place under its current terms and conditions, including keeping the License an exclusive license.

 

3.           Termination.
This Agreement may be terminated as follows:

 

a.           SenesTech
Termination for Convenience. If any Semi-Annual Royalty (as defined in Exhibit 3) is less than the Required Minimum (as defined
in the next sentence), then the License shall become non-exclusive after expiration of one hundred and eighty (180) days after
the due date of the applicable Semi-Annual Royalty that was less than the Required Minimum. The term “Required Minimum”
shall mean xxxx for the first two Semi-Annual Royalty payments and xxxx of the preceding year’s Semi-Annual Royalty payment
for each subsequent year. For the avoidance of doubt, this provision shall apply to each and every Semi-Annual Royalty installment
that is less than the Required Minimum.

 

b.           Termination
for Material Breach. By either party by written notice following the other party’s material breach of the terms and conditions
of this Agreement after written notice and failure to cure within 20 business days.

 

c.           Termination
Following Bankruptcy.

 

(1)         SenesTech
shall be entitled to terminate this Agreement if Neogen shall have:

 

(a)          Filed
a petition in bankruptcy or petition to take advantage of any insolvency acts;

 

(b)          Made
an assignment for the benefit of its creditors;

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	25	 

     

    

 

(c)          Consented
to the appointment of a receiver of itself or of the whole or any substantial part of its property;

 

(d)          Filed
a petition or answer seeking reorganization or arrangement under the Federal bankruptcy laws or any similar laws or statutes of
the United States of America or any other jurisdiction and such filing is not terminated within ninety (90) days of filing;

 

(e)          Had
a petition in bankruptcy filed against it that is not dismissed within 60 days or

 

(f)          been
adjudicated bankrupt.

 

(2)         Neogen
shall be entitled to terminate this Agreement if SenesTech takes or has taken against it any of the items specified in Exhibit
2, Section 3.c.(1).

 

d.           SenesTech
or Neogen, as applicable, shall be entitled to terminate this Agreement if a court of competent jurisdiction shall have entered
an order, judgment or decree appointing, without the consent of other party, a receiver of the other party or of the whole or any
substantial part of its properties, or proving a petition filed against it seeking reorganization or arrangement of the other party
under the Federal bankruptcy laws or any other applicable law or statute of the United States of America or any other jurisdiction,
and such order, judgment or decree shall not be vacated or set aside or stayed within ninety (90) days from the date of the entry
thereof.

 

e.           SenesTech
or Neogen, as applicable, shall be entitled to terminate this Agreement if under the provisions of any other law for the relief
or aid of debtors, any court of competent jurisdiction shall assume custody or control of the other party or of the whole or any
substantial part of its property and such custody shall not have been terminated or stayed within ninety (90) days from the date
of assumption of such custody or control.

 

f.            Anything
in this Agreement to the contrary notwithstanding, if any of the circumstances described in Section 3.c.(2), d. or e. occur with
respect to SenesTech, (i) this Agreement shall be binding upon the successor in interest to SenesTech; and (ii) Neogen shall have
a right of first refusal to purchase the Licensed IP prior to its sale, license or other transfer to any third party, provided
however, the amount Neogen has paid to SenesTech and any damages Neogen has incurred or will incur arising out of this Agreement
shall be deducted from the purchase price that Neogen must match pursuant to the right of first refusal. The intent of this provision
is making sure that Neogen obtains the benefit of its substantial investment in commercialization of the Licensed IP.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	26	 

     

    

 

4.           Effect
of Termination. Upon termination or expiration of this Agreement, regardless of the reason, Neogen shall be permitted to sell
any remaining Products in its inventory for a period of up to one year provided that it pays any and all Semi-Annual Royalty on
such sales in accordance with this Agreement. SenesTech shall however have the first right of refusal to purchase any remaining
Products in Neogen and its Affiliates’ inventory at Neogen’s actual cost (as reasonably documented by Neogen through
receipts and other similar documentation). Neogen shall, within ten (10) business days of the termination or expiration of this
Agreement, provide SenesTech with written notice of the Products in inventory and its actual cost (including all supporting documentation).
SenesTech shall then have ten (10) business days to notify Neogen in writing if it will exercise its option to purchase such items.
All obligations of confidentiality shall remain in full force and effect, but each party shall promptly return to the other party
all copies of such other party’s CI within its possession, custody or control. Sublicense agreements shall, at SenesTech’s
option, be terminated as provided for in Section 1 of the Agreement.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	27	 

     

    

 

Exhibit 3

Royalties

 

1.          Exclusive
License Fees. Neogen shall pay SenesTech an Exclusive License Fee in installments in immediately available funds as follows:

 

a.           $325,000
paid prior to execution of this Agreement receipt of which is acknowledged by SenesTech;

 

b.           $162,500
paid within 5 business days of the Effective Date of this Agreement; and

 

c.           Subject
to Section l.a of Exhibit 31, $162,500 paid within 5 business days of SenesTech’s written notice of its formal submission
of an application to the United States EPA for approval of ContraPest®.

 

2.          Post-Approval
License Fees. Neogen shall also pay SENESTECH a postapproval licensing fee payable in three annual installments of xxxx
per year for a total of xxxx, with (a) the first payment made within ninety (90) days of the first sale of Products after
issuance of the patents identified in Exhibit 1.f.(4) (“First Sale Date”) or this License shall
be interpreted under coverage of the U of A License and the U of A’s patent application 10/650,799 and all foreign patents
assigned to the U of A by inventors or the provisions of the EPA protection against competition; provided Neogen has, in any case,
protection against competition for 8 or more years to utilize the Licensed IP; (b) the second payment made on the first year anniversary
of the First Sale Date; and (c) the third payment on the second year anniversary of the First Sale Date. Neogen shall be entitled
to credit against the first payment of the post-approval license fee specified in Section 2(a) of this Exhibit 3 an amount equal
to the amount of Filing Fees paid by Neogen to SenesTech under Section 7(a) of the Agreement.

 

3.          Semi-Annual
Running Royalty. Neogen shall pay SenesTech on a semiannual basis a royalty (the “Semi-Annual Royalty”)
starting on the earlier of either (a) the three year anniversary of the First Sale Date or (b) when Neogen, its Affiliates and
Sublicensees cumulative Net Sales of Products have reached a total of greater than xxxx (the “Royalty Start
Date”).

 

a.           Neogen
and Affiliate Sales. For all Net Sales of Products by Neogen and its Affiliates after the Royalty Start Date, the royalty shall
be equal to xxxx of Net Sales until such time as total Net Sales of Products by Neogen and its Affiliates after the Royalty Start
Date exceed $500,000, at which time the royalty percentage shall be decreased to xxxx of Net Sales until such time as total Net Sales
of Products by Neogen and its Affiliates after the Royalty Start Date exceed $1,000,000, at which time the royalty percentage shall
be decreased to xxxx of Net Sales until such time as total Net Sales of Products by Neogen and its Affiliates after the Royalty Start
Date exceed $16,000,000, at which time the royalty percentage shall increase to xxxx of Net Sales until this Agreement expires or
is terminated. No Semi-Annual Royalties will be owed on any Net Sales of Products by Neogen or its Affiliates before the Royalty
Start Date. Neogen shall be responsible to SenesTech for the payment of royalties due with respect to Net Sales by Affiliates of
Neogen as though they were Net Sales of Neogen.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	28	 

     

    

 

b.           Sublicensee
Sales. Commencing on the Royalty Start Date, Neogen shall pay to SenesTech the greater of either (i) xxxx of all amounts paid
to Neogen or its Affiliates under any sublicense for Products (whether or not such amounts are termed license fees, royalties,
service fees, expenses, reimbursements or otherwise) or (ii) xxxx of Net Sales by a Sublicensee.

 

c.           Select
Accounts. Notwithstanding anything to the contrary in the Agreement (including this Exhibit 3), if Neogen, its Affiliates
or Sublicensees receives and accepts a suitable purchase order of $100,000 or more within 6 months of the First Sale Date (regardless
of who manufactures the products) from any of the Select Accounts (as defined below) the royalty shall be equal to xxxx percent
of Net Sales to such Select Accounts during the period ending on the 36th month anniversary of the First Sale Date.
Thereafter, Neogen shall pay xxxx royalty provided SenesTech provides enforceable purchase orders from the Select Accounts and
Neogen does not provide any customer or technical service to these Select Accounts. Anything in this Agreement to the contrary
notwithstanding, this amount shall be paid as a substitute for royalties specified in Section 3.(a) of this Exhibit 3. The Select
Accounts are defined as:

 

		i.	xxxx

		ii.	xxxx

		iii.	xxxx

		iv.	xxxx

		v.	xxxx

		vi.	xxxx

		vii.	xxxx

		viii.	xxxx

		ix.	xxxx

		x.	xxxx

		xi.	xxxx

		xii.	xxxx

 

This list of Select Accounts may be amended
from time to time by mutual agreement.

 

A suitable purchase order shall mean a
purchaser order from a Select Account that contains prices and terms comparable to purchase orders from non-Select Accounts (including
comparable volume and other discounts). Neogen need not accept, nor pay any royalties on, any unsuitable purchase order.

 

4.          Prohibited
Actions. Neogen, its Affiliates and Sublicensees shall not, without SenesTech’s prior written approval in each instance,
accept equity investments or other non-cash payment for Product.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	29	 

     

    

 

5.          No
Duplication. Anything in the Agreement to the contrary notwithstanding, in no event shall Neogen be required to pay a royalty
more than once on any Products.

 

6.          Semi-Annual
Royalty Payment Dates. Each Semi-Annual Royalty shall be payable on or before August 15th and February 15th
as to the preceding semi-annual periods ending June 30th and December 31st, respectively. If royalty
payments are not received by the due date, they shall be subject to an additional interest charge equal to the lessor of 1.5%
per month or the maximum rate allowable by law, in addition to any and all other remedies available to SenesTech for breach of
this Agreement.

 

7.          Definition
of Net Sales. The term “Net Sales” shall mean the gross amount received for the sale of Products
by Neogen, its Affiliates or a Sublicensee, less, to the extent they are applicable to the sale of the Product, the sum of; (i)
cash discounts allowed and taken by any non-affiliated third party in connection with the sale of the Product provided such discounts
are in amounts customary in the trade for quantity purchases, cash payments, or prompt payments, (ii) amounts for transportation
or shipping included in the amount charged to the non-affiliated third party purchasers, (iii) amounts repaid, credited or rebated
by Neogen or its Affiliate to the non-affiliated third party by reason of a rejection or return of the Product, and (iv) taxes
and duties included in the amount charged to the non-affiliated third party ((Items 7(i) through (iv) are collectively referred
to as the “Deductions”). No other deductions shall be made, including deductions for commissions paid
to individuals whether they are with independent sales agencies or regularly employed by Neogen and on its payroll, or deductions
for the cost of collections. If a Product is distributed or invoiced for a discounted price that is not customary in the trade
or distributed at no cost, Net Sales shall be based on the customary amount billed for such Products.

 

8.          Reports.
For purposes of computing the royalties due to SenesTech, the year shall be divided into two parts ending on June 30 and December
31. No later than 45 days after each December and June in each year during the term of this Agreement (including prior to the Royalty
Start Date), Neogen shall submit to SenesTech a full and detailed report of royalties or payments due SenesTech under this Agreement
for the preceding half year (hereinafter “Half-Year Report”), setting forth the Net Sales of each of
Neogen and each Affiliate, and each Sublicensee or lump sum payments and all other payments or consideration from Sublicensees
upon which such royalties are computed, including at least the following information. The Half-Year Report shall be in delivered
in an electronic form and format reasonably acceptable to SenesTech and shall be certified by Neogen’s chief financial officer.

 

a.           Number
of Products manufactured;

b.           Number
of Products sold (broken down by Neogen, Affiliate and Sublicensee, as well as by general Net Sales and Net Sales to Select Accounts);

c.           Total
billings for Products sold (broken down by Neogen, Affiliate and Sublicensee, as well as by general Net Sales and Net Sales to
Select Accounts);

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	30	 

     

    

 

d.           All
applicable Deductions (broken down by Neogen, Affiliate and Sublicensee, as well as by general Net Sales and Net Sales to Select
Accounts);

e.           Total
Net Sales (broken down by Neogen, Affiliate and Sublicensee, as well as by general Net Sales and Net Sales to Select Accounts);

f.            Total
royalties due;

g.           Names
and addresses of all Sublicensees.

 

Neogen shall keep for a period of at least
the longer of three (3) years after the date of entry or the minimum time period required by regulatory authorities, full, accurate
and complete books and records consistent with sound business and accounting practices and in such form and in such detail as
to enable the determination of the amounts due to SenesTech pursuant to this Agreement.

 

9.          Audit.
Neogen agrees to maintain the books and records necessary to accurately compute the amount of each Semi-Annual Royalty. SenesTech,
at its sole cost and expense, shall have the right to annually review Neogen’s business records (excluding all customer information)
reasonably necessary to verify the amount of Semi-Annual Royalties payable pursuant to this Agreement (“Audit”).
Neogen agrees to make the pertinent records available during normal business hours following reasonable notice to permit SenesTech
perform the Audit. If the Audit discloses that Neogen failed to pay SenesTech more than 10% of the royalties due (“Audit
Deficit”), then Neogen shall pay SenesTech (i) the Audit Deficit; (ii) interest on the Audit Deficit at the lesser
of 1.5% per months or the maximum amount permitted by law from the date of underpayment to the date of payment; and (iii) the reasonable
out of pocket cost of the Audit. If the Audit discloses that Neogen overpaid SenesTech, then SenesTech shall pay Neogen the amount
of such overpayment plus interest at the lesser of 1.5% per months or the maximum amount permitted by law from the date overpayment
to the date of payment.

 

10.         Currency.
Neogen shall pay SenesTech all royalties in United States currency. If any currency conversions shall be required in connection
with the payment of royalties hereunder, such conversion shall be made by using the exchange rate prevailing at the Chase Manhattan
Bank (N.A.) on the last business day of the calendar month of the semi-annual reporting period to which such royalty payments relate;
provided, however, should such Chase Manhattan Bank (N.A.) rate not be available, the parties shall meet and promptly agree to
an alternative, similarly institution to use in for currency conversion calculations.

 

11.         Non-Issuance
or Invalidation of Patents. Anything in this Agreement to the contrary notwithstanding, if the patents in Exhibit 1.f.(4) are
not issued or either or both patents are determined to be invalid or non-enforceable, then (i) Neogen shall have no obligation
to pay any further amounts pursuant to this Agreement; and (ii) SenesTech shall refund Neogen one-half of all amounts paid SenesTech
in the prior six (6) months excluding all non-refundable fees paid by SenesTech. The refund of such amounts shall be paid within
30 days of the date on which SenesTech receives notification that (i) such patents will not be issued; or (ii) there is a non-appealable
final decision invalidating either of such patents. SenesTech shall advise Neogen monthly regarding any actions by the US Patent
and Trademark Office.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	31	 

     

    

 

12.         Alternative
IP Protection. Anything in this Exhibit 3 to the contrary notwithstanding, Section 11 shall not apply if (i) the Licensed IP
is interpreted to fall under the protection of the U of A License and the U of A’s patent application 10/650,799 and all
foreign patents assigned to the U of A by inventors; or (ii) the registration of the Products using the Licensed IP is found by
the EPA to qualify for exclusive use according to Section 3(c)(1)(F)(i) of FIFRA for a period of at least 10 years. In any case.
Neogen shall have protection from competition for at least 8 years from the First Sale Date.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	32	 

     

    

 

Exhibit 31

Modifications to Base Agreement

 

Pursuant to Section
31, the parties agree to modify the Agreement as follows:

 

1.          Agricultural
Field Trials

 

a.           NEOGEN
agrees to pay promptly following execution of this Agreement in immediately available funds to SENESTECH administrative and oversight
costs equal to $100,000 for two separate agriculture farm field studies (collectively, the “Study”) in
locations to be mutually agreed upon. The parties shall document in a separate, signed writing, the details of the Study, including
Proof of Principals for the Study. SenesTech shall complete each Study and report the results and underlying Study data to Neogen
within a reasonable time after the Effective Date. If the Study results do not support commercial feasibility for use of the Products,
then Neogen shall not be required to pay SenesTech the payment specified in Section 1.c. of Exhibit 3. Anything in this Agreement
to the contrary notwithstanding, in no event shall Neogen be obligated to pay SenesTech any filing fees until after Neogen’s
receipt of the Study the results of which shall be reasonably satisfactory to Neogen.

 

b.           Promptly
following the Effective Date, the parties shall meet and confer on the Study, including target completion date(s). Subject to Neogen’s
timely payment of the costs of the Study, SenesTech will use its best efforts to complete the Study by the target completion date(s).
Upon completion of the Study, SenesTech shall (i) provide within fifteen (15) business days a summary of the results and (ii) promptly
provide Neogen with a formal report of the results, including whether the Proof of Principals for the Study were met in all material
respects as soon as possible thereafter, but in all cases within ninety (90) days of completion of the Study. If the Proof of Principals
for the Study were not met in all material respects, Neogen shall have the option to terminate the Agreement for convenience, upon
written notice to SenesTech. Such termination shall be without any further payments owed by Neogen and SenesTech shall not be required
either to pay any amounts owed at that time by SenesTech to Neogen hereunder or to refund any moneys previously paid by Neogen.
Neogen must exercise this option within thirty (30) days of receiving the formal report of the results of the Study.

 

2.          Licensed
Product Quality Control Requirements 

 

NEOGEN will manufacture
the Product with specifications that meet reasonable quality control requirements outlined by SENESTECH production protocols and
reasonable quality control assays mutually developed by SENESTECH and Neogen.

 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	33Exhibit 10.13

 

MARKETING, SALES, AND DISTRIBUTION AGREEMENT

 

This Marketing, Sales, and Distribution
Agreement (the “Agreement”) is effective September 26, 2015 (the “Effective Date”)
by and between SenesTech. Inc., a Nevada corporation with its headquarters located at 3140 N. Caden Court, Suite 1, Flagstaff,
AZ 86004, referred to herein as “SenesTech,” and NeoVenta Solutions. Inc., a California corporation with
its principal office located at 461 S. Milpitas Blvd.. Suite 1, Milpitas. CA 95035, referred to herein as “NeoVenta.”

 

RECITALS

 

A.           SenesTech
is a biotech research & development and manufacturing company that has developed an innovative technology for controlling
animal populations through fertility control and has developed and patented species-specific compounds for animal population control
by targeting the ability to reproduce. SenesTech’s current product for rodent population control is intended to be marketed
under the trade name “ContraPest”. ContraPest, and any trademark variants or successor products thereto,
shall be referred to as the “Products”.

 

B.           NeoVenta
has the resources, ability, interest, and willingness to market, sell, and distribute the Product in the Territory. For purposes
of this Agreement, the “Territory” shall be defined as the countries: India, Afghanistan, Bangladesh,
Bhutan, Maldives, Nepal, Pakistan, Sri Lanka, Brunei, Myanmar, Cambodia, East Timor, Indonesia, Laos, Malaysia, the Philippines,
Singapore, Thailand and Vietnam.

 

C.           SenesTech
is interested in expanding the marketing, sales, and distribution of Products beyond the U.S. market into the Territory.

 

D.           NeoVenta
and SenesTech (the “Parties”) desire to enter into this Agreement for the marketing and sale of the Products
within the Territory.

 

In consideration of their mutual covenants
set forth in this Agreement, the Parties agree as follows:

 

SECTION ONE

PROMOTION OF SALE

 

A.           Granted
Countries: In order to be granted marketing rights within a country in the Territory, (each a “Granted Country”)
NeoVenta must first propose a plan (a “Plan”) for the Granted Country, which shall include a forecast
of revenue potential within the Granted Country, as well as a proposal for minimum commitments or a minimum threshold of revenue
in order to retain exclusive rights to that country, as well as a budget for any costs related to obtaining the necessary certification
within the Granted Country. Following receipt of the Plan, SenesTech will have thirty (30) days to accept or reject the Plan,
provided that the Plans for the initial eight (8) Granted Countries listed on Appendix A are hereby approved and agreed upon by
NeoVenta and SenesTech. Acceptance of any Plan shall not be unreasonably withheld. Upon acceptance, NeoVenta will be granted exclusive
marketing rights within the Granted Country, and the Granted Country shall be added to Appendix A, if the Plan is not accepted,
any such country shall not be deemed a Granted Country. NeoVenta will not have marketing rights to any country in the Territory
that is not a Granted Country.

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	1	 

     

    

 

B.           Minimum
Commitments: To the extent that the Plan for a Granted Country includes a minimum commitment, and such minimum commitment
is not achieved within the specified time period, NeoVenta will be required to purchase from SenesTech an amount necessary to
reach the minimum commitment within 60 days of the end of period in question. Failure to purchase any minimum commitment will
be deemed a material breach of this agreement and will result in such Granted Country being removed from Appendix A and
ceasing to be treated as a Granted Country. So long as good faith efforts are made to market within a given Granted Country, deficiencies
in meeting minimum commitments in said Granted Country may be made up by purchases in another Granted Country in excess of its
minimum commitment.

 

C.           Minimum
Threshold: To the extent that the Plan for a Granted Country includes a minimum threshold, and such minimum threshold
is not achieved within the specified time period, will result in the termination of NeoVenta’s exclusive rights to market
in such Granted Country, but will not result in the termination of NeoVenta’s rights to market in such Granted Country on
a non-exclusive basis.

 

D.           Additional
Products: NeoVenta shall have an option to propose a revised Plan for any new SenesTech products, technologies and/or
accessories that are designed, manufactured or sold by SenesTech other than the Products.

 

E.           Right
of First Refusal: In the event that SenesTech receives a proposal from a third party that is acceptable to SenesTech for the
marketing and sale of any Product in a country that is not a Granted Country in the Territory, SenesTech will give NeoVenta thirty
(30) days’ written notice of said proposal, including the terms of the proposal. NeoVenta may accept the terms of the proposal
in place of the third party, propose a competing Plan for such country, develop a Plan with the third party, or agree to removal
of the country from the Territory. SenesTech will not, directly or indirectly, solicit proposals from third parties for the marketing,
sale, or distribution of the Products in the Territory during the term of this Agreement.

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	2	 

     

    

 

F.           Changes
to the Territory: Any country may be added to, or removed from the Territory if mutually agreed to by the Parties in writing.

 

SECTION TWO

COVENANTS OF NEOVENTA

 

A.           NeoVenta.
its Affiliates shall:

 

1.          At
all times conduct its business in a manner as will reflect favorably on SenesTech and the Products, and will not engage in any
deceptive, misleading, illegal or unethical business practices.

 

2.          Use,
handle, store, transport, and dispose of the Products in such a manner as identified by the documentation accompanying the Products,
including but not limited to, labels, manuals, and safety data sheets (the “Documentation”), or as otherwise
instructed in writing by SenesTech;

 

3.          Be
solely responsible for instructing and training NeoVenta’s employees and independent contractors in complying with the safety
procedures set forth in the Documentation and SenesTech’s standards or as otherwise instructed in writing by SenesTech and
ensuring that they are adequately trained to handle situations arising from the use, handling, storage, transportation, and disposal
of the Product;

 

4.          Only
sell the Products in a form and packaging as approved by SenesTech;

 

5.          Not
(i) change, modify, or alter the composition, character or formulation of any of the Products after the delivery thereof to NeoVenta,
(ii) change, modify, or alter any Documentation provided to NeoVenta; or (iii) unless otherwise directed to do so by SenesTech
in writing, change, modify, or alter any labels appearing on, or re-label, any of the Products;

 

6.          Promptly
share any reports of consumer dissatisfaction, adverse events, and/or adverse health effects with SenesTech that NeoVenta becomes
aware of;

 

7.          Keep
accurate, complete, and up-to-date books, records and accounts consistent with good industry practices, of all transactions relating
to the Products and NeoVenta’s obligations under this Agreement;

 

8.          Not
make any warranties, representations, or other statements regarding the Products or their use that are inconsistent with the Documentation,
or any statements that are inconsistent or do not comply with the requirements of the United States Environmental Protection Agency
(“EPA”) or any other governmental requirements, laws, and/or regulations;

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	3	 

     

    

 

9.          Not
directly or indirectly (i) solicit or make sales of the Products to a customer outside the Territory or (ii) sell to a customer
who NeoVenta knows or has reason to believe is purchasing or taking delivery of the Products for resale outside of the Territory;

 

10.         Not
design, manufacture, or market, nor will NeoVenta act as a representative or distributor for, any products that compete with the
Products.

 

11.         Only
sell and market the Products in compliance with all applicable laws and regulations

 

B.           NeoVenta
represents and warrants that it is aware of and understands the provisions of the United States Foreign Corrupt Practices Act of
1977, as amended (“FCPA”), and covenants that NeoVenta and anyone for whose acts or defaults NeoVenta
may be liable or anyone acting on behalf of any of them, in the course of their actions related to this Agreement, will not take
any actions that could violate any provision of the FCPA or any other applicable anti-bribery or anti-corruption laws.

 

C.           NeoVenta
will pursue on behalf of SenesTech any certification process that may be required to sell the Products in the Territory. All and
any product certification(s) shall be obtained in the name of SenesTech only and shall belong to SenesTech exclusively. SenesTech
will pay to NeoVenta for the authorized cost incurred by NeoVenta to pursue the certification as approved by SenesTech. Invoice
amounts for reimbursement of total certification cost to be offset by sales and require prior approval from SenesTech. The approved
costs will be repaid in form of credit on the purchases of the Products by NeoVenta from SenesTech for sale in the Territory on
an amortized basis as per the amortization table in Appendix B. The amortization period shall be equal to or less than the
length of the validity of the acquired certification. If NeoVenta is unable to purchase enough Product to cover the amount due
during an amortization period, the balance amount shall be rolled over to the next period.

 

D.           For
purposes of this Agreement, the term “Affiliates” shall mean any entity controlling or controlled by or under common
control with either Party, where “control” is defined as the ownership of more than 50% of the equity or other voting
interests of such party.

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	4	 

     

    

 

SECTION THREE

EXCLUSIVE RIGHTS

 

A.           Exclusive
Rights to Market and Sale. SenesTech will make no direct or indirect sales of the Products within any Granted Country In which
NeoVenta has, at that time, an exclusive right to distribute the product. NeoVenta shall have the exclusive right to market, sell
and distribute the Products in the Granted Countries, subject to the provisions of Section One, above. NeoVenta shall have the
right to subcontract its rights to market and sell Products to third parties within the Territory, subject to qualification criteria
to be mutually developed and notification to SenesTech of such action, provided that any such subcontractor shall be bound
by the terms of this Agreement, including without limitation the covenants regarding manner of sale set forth in Section Two Paragraphs
A and B. and the provisions regarding ownership of intellectual property and confidentiality contained in Paragraph B of this Section
Three and Section Fifteen, respectively. SenesTech shall be the intended third party beneficiary of any such subcontract.

 

B.           Ownership
and Reservation of Rights. All worldwide intellectual property rights in and to the Product and Product-related Documentation
shall remain the exclusive property of SenesTech. All rights not expressly granted are reserved to SenesTech. NeoVenta agrees that
it will not, and will not authorize others to, remove or modify any copyright, patent, or other proprietary labels or markings
on the Products, Documentation, or packaging provided by SenesTech.

 

C.           Global
Partner Preference. Should SenesTech enter into a global service and distribution partnership with a third party, NeoVenta
agrees to consider such third party as a partner.

 

SECTION FOUR

ASSISTANCE IN SALES

 

A.           SenesTech
will supply to NeoVenta advertising materials, price lists and technical assistance when required. SenesTech will provide to NeoVenta
appropriate and reasonable personnel, presentation material, results of test reports, testimonials, and limited samples of Products
for testing, proof of concept and validation studies that may be required by NeoVenta for meetings, studies and presentations to
potential customers or to governmental agencies for certification purposes. NeoVenta shall pay or reimburse SenesTech for any (i)
samples, (ii) reasonable travel and lodging expenses related to training (but no training fees), and (iii) technical services requested
or provided.

 

B.           SenesTech
will undertake to make reasonable purchase offers and quantity discounts available to NeoVenta to stimulate sales on a case by
case basis.

 

C.           SenesTech
may, from time to time, send representatives to consult with NeoVenta and its sales agents with respect to increasing the market
for the Products.

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	5	 

     

    

 

D.           SenesTech
shall provide detailed documentation for the implementation and application of the Products, and Material Safety Data Sheet (“MSDS”)
documents for the Products.

 

E.           SenesTech
grants NeoVenta a non-exclusive license to use SenesTech’s trademarks, trade names, and logos in compliance with any guidelines
given by SenesTech, in connection with the distribution, marketing, promotion, and sale of the Products within the Territory.

 

F.           SenesTech
shall reflect on its website and any other marketing materials that NeoVenta is a distributor of the Products in the Territory.

 

G.           When
requested by NeoVenta, SenesTech shall assist NeoVenta in modifying or creating any documentation similar to MSDS documents for
a specific customer or country in the Territory.

 

SECTION FIVE

ORDERS

 

A.           During
the first two years of the term of this Agreement, the price charged by SenesTech to NeoVenta for the Product shall be equal to
xxxx of the gross sales of NeoVenta and its Affiliates in the Territory, provided that SenesTech will not
be obligated to provide any Product below its demonstrated cost. This sum will be paid by NeoVenta to SenesTech within sixty (60)
days following delivery of the Product to the address included in the applicable order. SenesTech shall provide a description of
its demonstrated cost on or before the date of the commencement of the Initial Term.

 

B.           After
the first two years, SenesTech shall sell to NeoVenta, at the lowest prices that SenesTech sells the Production similar quantities
and terms (the “MFN Price”), such quantities of the Product which NeoVenta may order from it. provided
that any temporary special pricing arrangements pursuant to Section Four Paragraph B. offered to NeoVenta or any other foreign
distributor, shall not be taken into account in determining the MFN Price, and provided further that, that SenesTech reserves
the right to sell less than the total quantities ordered by NeoVenta if SenesTech’s international manufacturing capacity
is unable to meet the demands of all its distributors. NeoVenta’s orders shall be filled prior to the orders of any other
foreign distributors in the Territory.

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	6	 

     

    

 

SECTION SIX

EXCUSABLE DELAY

 

Neither party to this Agreement shall be
liable to the other for any loss, cost, or damages arising out of, or resulting from, any failure to perform in accordance with
the terms of this Agreement, where such failure shall be beyond the reasonable control of such party, including, but not be limited
to, acts of God, strikes, lockouts, or other industrial disturbances, wars, whether declared or undeclared, blockades, insurrections,
riots, governmental action, explosions, fire, floods, or any other cause not within the reasonable control of either party.

 

SECTION SEVEN

RESALE PRICES

 

NeoVenta may set its own resale prices.
The Parties will work closely to arrive at a pricing formula for the Territory, each country within the Territory and the types
of customers within the Territory.

 

SECTION EIGHT

SHIPPING

 

Unless otherwise specified in an order,
SenesTech will arrange for shipment of the Products, packaged as per industry standard practice, and will provide the Products
DAP (the location set forth in each applicable order) (as defined in Incoterms 2010). Delivery to NeoVenta shall occur and title
and risk of loss shall pass to NeoVenta upon SenesTech’s delivery to the carrier. Costs for the shipment of the Products
to NeoVenta shall be paid by NeoVenta unless otherwise agreed to, in writing, by the Parties.

 

SECTION NINE

PARTY NOT AGENT

 

For purposes of this Agreement, neither
Party is an agent of the other Party and has no power, either express or implied, to bind the other Party in any manner.

 

SECTION TEN

TERM

 

This Agreement shall commence from the
earlier of (i) obtaining the required certifications for ContraPest or any Products to be saleable in any of the countries in
the Territory, or (ii) six months after approval of ContraPest or any other Products by the U.S. Environmental Protection Agency
(EPA), and shall continue for a period of five (5) years thereafter, unless earlier terminated as provided herein (the “Initial
Term”).

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	7	 

     

    

 

SECTION ELEVEN

RENEWAL OF AGREEMENT

 

This Agreement shall renew automatically
for one five year period. Thereafter, this Agreement shall renew for successive one year periods (each a “Renewal Term”)
unless written notification of intent not to renew is provided by either party to the other not less than sixty (60) days prior
to the beginning of any Renewal Term.

 

SECTION TWELVE

TERMINATION

 

A.           Either
party may terminate this Agreement if the other party commits a material breach of this Agreement and such breach remains uncured
for thirty (30) days after written notice of such breach is delivered to the other party (or if more than 30 days shall be reasonably
required because of the nature of the default, if the defaulting party shall fail to proceed diligently to cure such default after
such notice, provided that in no case shall a breach that could be cured by a cash payment be deemed to require more than
thirty (30) days). Either party may also terminate this Agreement if the other party makes an assignment for the benefit of creditors,
or if any bankruptcy, reorganization, debt arrangement or other proceeding under any bankruptcy or insolvency law is initiated
by the other party, or is initiated against it and not dismissed within thirty (30) days, or if the other party ceases to be actively
engaged in business.

 

B.           Obligations
upon Termination. Upon termination or expiration of this Agreement for any reason:

 

1.          All
licenses granted herein and rights to use the Trademarks granted to NeoVenta shall terminate upon the earlier of (i) NeoVenta’s
depletion of NeoVenta’s Product inventory or (ii) the expiration of all Products (or expiration of a component of all Product
bundles) in NeoVenta’s remaining Product inventory;

 

2.          Each
party shall return the Confidential Information of the other party or, at the request of the disclosing party, the receiving party
shall destroy all Confidential Information in its possession. The receiving party shall provide the disclosing party with a signed
written statement by an officer of receiving party certifying that receiving party has returned to disclosing party all such items
and/or destroyed all such items; and

 

C.           Survival
of Obligations. The following sections will survive the termination of this Agreement: Sections Two (as to remaining
inventory),Three B, Twelve C., Thirteen D., Fourteen, Fifteen, Sixteen, Seventeen, Nineteen, Twenty, Twenty-One, Twenty-Two, Twenty-Three, Twenty-Four and Twenty-Five.

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	8	 

     

    

 

SECTION THIRTEEN

WARRANTIES

 

A.           Mutual
Warranties. Each Party represents and warrants as to itself that: (a) it has the authority to enter into and perform the duties
and obligations described in this Agreement; and (b) the performance of the obligations and duties described in this Agreement
does not conflict with any other agreement to which it is a party.

 

B.           SenesTech
Warranties. SenesTech expects to provide a limited warranty directly to the End User in the form of its standard End User warranty,
which may be updated from time to time, a copy of which will be provided to NeoVenta when developed. NeoVenta shall process warranty
replacements or returns on behalf of its End Users with all replacements or returns being made in accordance with SenesTech’s
standard warranty and refund procedures then in place. If SenesTech elects not to replace the non-conforming Product and instead
elects to provide a refund to an End User, NeoVenta shall provide a full refund of the End User’s purchase price of the Product
to the End User and SenesTech shall provide a full refund of NeoVenta’s purchase price of the Product to NeoVenta. The foregoing
shall be SenesTech’s sole and exclusive obligation relating to the warranty set forth in this Section Fourteen. The term
“End User” shall mean any person or entity that purchases the Products hereunder for his. her, or its own use and not
for resale.

 

C.           NeoVenta
Warranties. NeoVenta represents and warrants that (i) NeoVenta is a commercial retailer or governmental or other non-commercial
agency and (ii) NeoVenta has and will maintain the required business knowledge and experience to perform its duties and obligations
under this Agreement.

 

D.           Disclaimer
of Warranties. THE FOREGOING WARRANTIES ARE THE SOLE WARRANTIES RELATED IN ANY MANNER TO THIS AGREEMENT AND ARE IN LIEU OF
ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO. THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS
FOR A PARTICULAR PURPOSE. COMPANY DOES NOT WARRANT THAT USE OF THE PRODUCTS WILL ACHIEVE THE RESULTS INTENDED BY ANY END USER.
EXCEPT FOR THE WARRANTIES SET FORTH IN SECTION FOURTEEN PARAGRAPH B.           THE
PRODUCTS ARE PROVIDED ON AN “AS IS” BASIS.

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	9	 

     

    

 

SECTION FOURTEEN

CONFIDENTIALITY

 

A.           “Confidential
Information” means non-public data or information owned or possessed by either party and (i) marked or clearly
designated in writing by the disclosing party (“Discloser”) prior to disclosure to the receiving party
(“Recipient”), (ii) if disclosed orally or visually, then identified as confidential and proprietary
prior to disclosure and summarized in a signed writing delivered to the Recipient within thirty (30) days of disclosure or (iii)
is reasonably understood as and usually held to be, confidential or proprietary; including, without limitation, engineering data,
business and marketing plans, financial data, sales forecasts, computer programs, source code, algorithms, know-how, methodology,
trade secrets, formulas, processes, ideas, inventions (whether patentable or not), schematics, and other non-public information
concerning a party’s current or future products or services.

 

B.           Non-Disclosure/Non-Use.
Each Recipient shall protect and keep confidential all Confidential Information disclosed by the Discloser and shall not disclose
such Confidential Information to anyone except for employees and subcontractors of the Recipient, all of whom (i) shall have a
need to know such information for the purpose of performing the Recipient’s obligations or enjoying its rights under this
Agreement and (ii) shall bound by confidentiality obligations at least as restrictive as the confidentiality provisions in this
Agreement. In no event shall the Recipient use the Discloser’s Confidential Information for any use other than performing
the Recipient’s obligations under this Agreement. Upon request of the Discloser. the Recipient shall return or destroy the
Confidential Information of the Discloser and all copies thereof. Each Recipient shall use at least the same level of care with
respect to maintaining the confidentiality of the Discloser’s Confidential Information that it uses with respect to its
own confidential information of a similar nature, but in no event less than a reasonable degree of care. No Recipient shall be
deemed in breach of this Section Fourteen Paragraph B based on its disclosure or production of the Discloser’s Confidential
Information in compliance with applicable law or a court order, and each Recipient shall, to the extent permitted under applicable
law or court order, give the Discloser reasonable notice of any such required disclosure or production and an opportunity to attempt
to preclude or limit the extent of such disclosure or production. Neither Discloser nor Recipient shall be deemed in breach of
this Section Fifteen B based on its disclosure of this Agreement to its attorneys, accountants or other advisors, or subject to
customary confidentiality arrangements any other party in connection with any contemplated or actual financing, business combination
or sale or other strategic transaction.

 

C.           Exceptions.
The obligations of confidentiality hereunder shall not apply to any information which: (i) was previously known to the Recipient;
(ii) is or becomes publicly available, through no fault of the Recipient; (iii) is disclosed to the Recipient by a third party
without obligation of confidentiality; (iv) is independently developed by the Recipient without reference to the Discloser’s
Confidential Information; or (v) is required to be disclosed by a lawful order from any court or anybody empowered to issue such
an order; provided that the Recipient shall notify the Discloser promptly of the receipt of any such order, and provide the Discloser
with a copy of such order so that the Discloser may seek a protective order or other appropriate relief. In the event that such
protective order is not obtained. Recipient shall disclose only that portion of the Confidential Information that its counsel advises
that it is legally required to disclose.

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	10	 

     

    

 

SECTION FIFTEEN

INDEMNIFICATION

 

A.           SenesTech
Indemnity. SenesTech shall indemnify, defend and hold harmless NeoVenta from and against any and all claims, demands, actions,
liabilities, settlements, judgments, fees, losses, expenses, costs (including reasonable attorneys’ fees, costs of investigation
and all costs and fees associated with the defense or settlement of such claims) which result from: (a) the gross negligence, willful
misconduct, violation of law or the dissemination (through written means) of false or misleading information by or on the part
of SenesTech (and/or any SenesTech employee), or (b) any breach by SenesTech of the warranties, representations, covenants and/or
other provisions set forth in this Agreement. Upon written notification to SenesTech by NeoVenta of any third party claim or action
in which it is alleged that NeoVenta’s use or resale of any Products infringes any United States patent, copyright or trademark,
SenesTech shall immediately take control of the settlement of such claim and the defense of any litigation resulting therefrom
and shall indemnify and hold NeoVenta harmless from any expenses, damages, or costs of such settlement and defense and any judgment
resulting therefrom.

 

B.           NeoVenta
Indemnity. NeoVenta shall indemnify, defend and hold harmless SenesTech from and against any and all claims, demands, actions,
liabilities, settlements, judgments, fees, losses, expenses, costs (including reasonable attorneys’ fees, costs of investigation
and all costs and fees associated with the defense or settlement of such claims) which result from: (a) the gross negligence, willful
misconduct, violation of law or the dissemination (through written means) of false or misleading information by or on the part
of NeoVenta (and/or any NeoVenta employee), (b) any breach by NeoVenta of the warranties, representations, covenants and/or other
provisions set forth in this Agreement or (c) the acts, defaults and negligence of any subcontractor, or any personnel of each
of their subcontractors.

 

C.           Conditions
of Indemnity. The rights of a party seeking indemnification (the “Indemnified Party”) under this Section
Fifteen shall be conditioned upon (i) the Indemnified Party notifying the other party (the “Indemnifying Party”)
promptly of the claim or action for which indemnification is sought and (ii) the Indemnified Party’s full cooperation
with the Indemnifying Party in the settlement or defense of such claim or action at no cost to the Indemnifying Party (except for
reasonable out-of-pocket traveling expenses). An Indemnified Party may participate in the defense of any indemnified matter through
counsel of its own choice and at its own expense provided that the Indemnifying Party shall remain in, and responsible for, control
of the matter. Notwithstanding the foregoing, the Indemnified Party’s failure to give timely written notice in accordance
with this provision shall only disqualify such party from indemnification if and to the extent that such failure results in a material
prejudice to the defense of the action.

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	11	 

     

    

 

SECTION SIXTEEN

GOVERNING LAW

 

The Parties agree that this Agreement shall
be governed by, construed, and enforced in accordance with the laws of the State of Delaware.

 

SECTION SEVENTEEN

ARBITRATION OF DISPUTES

 

All disputes, claims, and questions regarding
the rights and obligations of the Parties under the terms of this Agreement are subject to arbitration. Either party may make a
demand for arbitration by filing such demand in writing with the other party. Subsequently, arbitration shall be conducted by three
arbitrators acting under the rules of commercial arbitration of the American Arbitration Association.

 

SECTION EIGHTEEN

ASSIGNMENT

 

Neither party may assign its rights in this
Agreement without the prior written consent of the other party, which consent shall not be unreasonably withheld.

 

SECTION NINETEEN

NOTICE

 

All notices required or permitted under
this Agreement shall be given in writing, addressed to NeoVenta at its last known address in the United States, and to SenesTech
at 3140 N. Caden Court, Suite 1, in the City of Flagstaff. County of Coconino, State of Arizona.

 

SECTION TWENTY

ATTORNEY’S FEES

 

In the event that any action is filed in
relation to this Agreement, the unsuccessful party in the action shall pay to the successful party, in addition to all the sums
that either party may be called on to pay, a reasonable sum for the attorney’s fees of the successful party.

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	12	 

     

    

 

SECTION TWENTY-ONE

EFFECT OF PARTIAL INVALIDITY

 

The invalidity of any part of this Agreement
will not and shall not be deemed to affect the validity of any other part. In the event that any provision of this Agreement is
held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had
been executed by both parties subsequent to the expungement of the invalid provision.

 

SECTION TWENTY-TWO

ENTIRE AGREEMENT; LANGUAGE

 

This Agreement shall constitute the entire
agreement between the Parties. Any prior understanding or representation of any kind preceding the date of this Agreement shall
not be binding on either party except to the extent expressly set forth in this Agreement. This Agreement is in the English language
only, which language is controlling in all respects, and all version of this Agreement in any other language are for accommodation
only and are not binding upon the parties. All formal notices made or given pursuant to this Agreement must be in the controlling
language.

 

SECTION TWENTY-THREE

MODIFICATION OF AGREEMENT

 

Any modification of this Agreement or additional
obligation assumed by either party in connection with this Agreement shall be binding only if evidenced in a writing signed by
each party or an authorized representative of each party.

 

SECTION TWENTY-FOUR

COUNTERPARTS

 

This Agreement may be executed in any number
of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same
instrument.

 

SECTION TWENTY-FIVE

HEADINGS

 

The titles to the sections of this Agreement
are solely for the convenience of the parties and shall not be used to explain, modify, simplify, or aid in the interpretation
of the provisions of this Agreement.

 

[Signature
Page Follows]

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	13	 

     

    

 

In
Witness Whereof, each party to this Agreement has caused it to be executed as of the Effective Date.

 

	SENESTECH, INC.	 	 
	 	 	 
	/s/ Thomas F. Ziemba	 	 
	By:  Thomas F. Ziemba	 	 
	Its: CEO	 	 
	 	 	 
	NEOVENTA SOLUTIONS, INC.	 	 
	 	 	 
	/s/ Janjeet S. Kapoor	 	 
	By: Janjeet S. Kapoor	 	 
	Its: (Chairman)	 	 

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	14	 

     

    

 

Appendix
A

 

Granted
Countries within the Territory

 

Bangladesh

 

	 	 	Year 1	 	 	Year 2	 	 	Year 3	 	 	Year 4	 	 	Year 5	 
	Revenue Potential	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Minimum Commitment	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 
	Threshold for Retaining Exclusivity	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 

 

Either a Minimum Commitment or an Exclusivity Threshold
or both will be proposed for each country.

 

Years 6-10:

 

Sales to increase by not less than 20% of prior year
minimum commitment until annual sales for the country reach xxxx

 

India

 

	 	 	Year 1	 	 	Year 2	 	 	Year 3	 	 	Year 4	 	 	Year 5	 
	Revenue Potential	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Minimum Commitment	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 
	Threshold for Retaining Exclusivity	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 

 

Either a Minimum Commitment or an Exclusivity Threshold
or both will be proposed for each country.

 

Years 6-10:

 

Sales to increase by not less than 20% of prior year
minimum commitment until annual sales for the country reach xxxx

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	15	 

     

    

 

Indonesia

 

	 	 	Year 1	 	 	Year 2	 	 	Year 3	 	 	Year 4	 	 	Year 5	 
	Revenue Potential	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Minimum Commitment	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 
	Threshold for Retaining Exclusivity	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 

 

Either a Minimum Commitment or an Exclusivity Threshold
or both will be proposed for each country.

 

Years 6-10:

 

Sales to increase by not less than 20% of prior year
minimum commitment until annual sales for the country reach xxxx

 

Malaysia

 

	 	 	Year 1	 	 	Year 2	 	 	Year 3	 	 	Year 4	 	 	Year 5	 
	Revenue Potential	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Minimum Commitment	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 
	Threshold for Retaining Exclusivity	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 

 

Either a Minimum Commitment or an Exclusivity Threshold
or both will be proposed for each country.

 

Years 6-10:

 

Sales to increase by not less than 20% of prior year
minimum commitment until annual sales for the country reach xxxx

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	16	 

     

    

 

Nepal

 

	 	 	Year 1	 	 	Year 2	 	 	Year 3	 	 	Year 4	 	 	Year 5	 
	Revenue Potential	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Minimum Commitment	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 
	Threshold for Retaining Exclusivity	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 

 

Either a Minimum Commitment or an Exclusivity Threshold
or both will be proposed for each country.

 

Years 6-10:

 

Sales to increase by not less than 20% of prior year
minimum commitment until annual sales for the country reach xxxx

 

Singapore

 

	 	 	Year 1	 	 	Year 2	 	 	Year 3	 	 	Year 4	 	 	Year 5	 
	Revenue Potential	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Minimum Commitment	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 
	Threshold for Retaining Exclusivity	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 

 

Either a Minimum Commitment or an Exclusivity Threshold
or both will be proposed for each country.

 

Years 6-10:

 

Sales to increase by not less than 20% of prior year
minimum commitment until annual sales for the country reach xxxx

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	17	 

     

    

 

Sri Lanka

 

	 	 	Year 1	 	 	Year 2	 	 	Year 3	 	 	Year 4	 	 	Year 5	 
	Revenue Potential	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Minimum Commitment	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 
	Threshold for Retaining Exclusivity	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 

 

Either a Minimum Commitment or an Exclusivity Threshold
or both will be proposed for each country.

 

Years 6-10:

 

Sales to increase by not less than 20% of prior year
minimum commitment until annual sales for the country reach xxxx

 

Thailand

 

	 	 	Year 1	 	 	Year 2	 	 	Year 3	 	 	Year 4	 	 	Year 5	 
	Revenue Potential	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Minimum Commitment	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 	 	 	xxxx	 
	Threshold for Retaining Exclusivity	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 

 

Either a Minimum Commitment or an Exclusivity Threshold
or both will be proposed for each country.

 

Years 6-10:

 

Sales to increase by not less than 20% of prior year
minimum commitment until annual sales for the country reach xxxx

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	18	 

     

    

 

Appendix
b:

 

Amortization
Chart for payment by SenesTech of

Certification
and Related Costs to NeoVenta

 

The Amortization period and the amount to be credited towards
purchases by NeoVenta will be a factor of Product certification cost and the validity period of the certificate obtained. This
can be explained by following possible scenarios –

 

Scenario 1: If the Product certification and associated costs
are less than $250,000, 100% of the amount shall be credited against the purchases made in 12 months from the date of certification.

 

Scenario 2: If the Product certification and associated costs
are $250,000 or more, and the validity of the obtained certificate is less than four (4) years, the repayment amount by SenesTech
will be amortized as follows:

 

Credited against the purchases made during months Year-1 - 50%

 

Balance amount to be credited equally in the balance validity
period of the obtained certificate, (to explain, if the certificate is valid for 3 years, then 25% in each of Year-2 and 3. If
obtained certificate is valid for one-year, then 100% in Year-1.)

 

Scenario 3: If the Product certification and associated costs
are more than $250,000, and the validity of the obtained certificate is four (4) years or more, the repayment amount by SenesTech
will be amortized as follows:

 

Credited against the purchases made during months Year-1 - 35%

 

Credited against the purchases made during months Year-2 - 25%

 

Credited against the purchases made during months Year-3 - 25%

 

Credited against the purchases made during months Year-4 - 15%

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	19	 

     

    

 

	 	 	 	 	Percentage of amount to be credited	 
	Product Certification and 

associated costs	 	Certificate 

validity period	 	Year-1	 	 	Year-2	 	 	Year-3	 	 	Year-4	 
	Less than or equal to $250,000	 	Not applicable	 	 	100	%	 	 	 	 	 	 	 	 	 	 	 	 
	More than $250,000	 	1-year	 	 	100	%	 	 	 	 	 	 	 	 	 	 	 	 
	More than $250,000	 	Less than 4-years	 	 	50	%	 	 	To be equally divided in the balance validity period	 	 	 	 	 
	More than $250,000	 	More than 4-years	 	 	35	%	 	 	25	%	 	 	25	%	 	 	10	%

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	20	 

     

    

 

Appendix
C:

 

SenesTech
Qualification Criteria for Distributors. Resellers and

Implementation Partners in the Territory

 

[To be mutually developed later.]

 

    
________________________
Confidential treatment has been requested for portions of this agreement. This agreement omits the information subject to the confidential treatment request. Omissions are designated as “xxxx”. A complete version of this agreement has been submitted separately to the Securities and Exchange Commission.

 
	 	21

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