Document:

EXHIBIT
      10.1

     

    OSMOTEX
      A/S

    Soiheimsgaten
      16A

    5058
      Bergen

    Norway

     

    Durchwahl
      +41 (041) 672 7523

    E-mail:
      helmut.knapp@csem.ch

     

    Ref:
      HFK/NRn      Alpnach,
      April 11, 2005

     

     

    Fabrication
      and Testing of Completely Microfabricated Micropumps
      (CO-IP5)

     

    Dear
      Mr.
      Heidal

     

    Based
      on
      the Osmotex-CSEM Workshop of February 24, 2005 in Alpnach, CSEM Centre Suisse
      d’Electronique et de Microtechnique has the pleasure in submitting to you the
      following quotation:

     

    1.    Quotation

     

    1.1    Quotation
      No:                           
A
      - 621 /
      20-0809

     

    1.2    Quotation
      Date:                         April
      11,
      2005

     

    1.3    Validity
      of Quotation:               
1
      month
      from date of quotation

     

    1.4    Contact
      Person at CSEM          
Helmut
      F.
      Knapp

    Tel.:
      +
      41 41 672 75 23

     

    2.    Prior
      Documents

     

    Mutual
      non-disclosure agreement Osmotex/CSEM of March 4, 2004

    Technical
      Report “Implementation of EO2 on the Chip Level” of November 11,
      2004

    Presentations
      of Osmotex, Prof. N. Mishchuk, and CSEM at Workshop on February 24,
      2005

    MS-Projects
      Workplan created at above Workshop

     

    3.    Background

     

    In
      the
      previous project CSEM conducted for Osmotex named “Implementation of EO2 on the
      Chip Level” (June 2004 until December 2004) the concept of electroosmosis of the
      second kind (EO2) for low-power pumping of liquids in microfluidic systems
      was
      tested using commercially available 50 micron polystyrene ion-exchange beads
      positioned into microfabricated fluidic structures.

     

    The
      fluidic structures consisted of open microfluidic channels, made in PDMS by
      replication from a Si-master, which could be closed with a glass cover. Although
      the initial concept of using planar microelectrodes structured onto the glass
      cover for generation of the electric fields needed for pump activation did
      not
      prove successful, bidirectional fluid pumping could be observed using 50 micron
      diameter Pt-wire electrodes introduced into the microchannels through the
      PDMS.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Several
      drawbacks of these first prototypes exist: the active elements, i.e. the
      polystyrene ion-exchange microbeads need to be positioned individually by hand,
      the microelectrodes are not microfabricated and are also positioned by hand,
      the
      pumping efficiency is too low, and the reproducibility of the pumping action
      is
      not given.

     

    It
      is the
      goal of Osmotex to be able to present completely microfabricated functional
      micropumps and to gain knowledge about the scalability of the system and the
      range of materials for which the system will work efficiently, as well as about
      the range of possible applications of micropumps and micromixers based on
      EO2.

     

    The
      project described in this quotation addresses the first of these issues, i.e.
      the complete microfabrication of EO2 devices. In particular this
      means:

     

    
      	 	
              a)

            	
              microfabrication
                of three dimensional microelectrodes several tens of micrometers
                high,

            

    

     

    
      	 	
              b)

            	
              microstructuring
                of active elements also several tens of micrometers high and preferably
                consisting of slightly porous ion exchange material or alternatively
                metal, and

            

    

     

    
      	 	
              c)

            	
              integration
                of the three dimensional microstructured electrodes and the
                microstructured active elements into a microfluidic structure to
                prove the
                functionality of such completely microstructured EO2 devices and
                to give
                quantitative data on the fluid flow
                generated.

            

    

     

    4.    Project
      Description

     

    The
      objectives a, b, and c described above will be handled in three separate work
      packages. An additional work package is planned for preparation of a final
      report and presentation.

     

    Work
      package 1 (WP 1):

     

    “Electrode
      Microfabrication” will focus on the microfabrication of 3D microelectrode
      structures. The performance of the active elements depends, among other
      parameters, on the presence of a homogenous electric field. Such homogenous
      electric fields can be generated best by electrodes spanning a good part of
      the
      microchannel cross section. 5 electrode structures with appropriate fluidic
      channel geometry will be generated in this work package and their performance
      with respect to creating a nearly homogenous electric field will be verified
      by
      simulation.

     

    The
      simulations will be done for electrode structures in a microfluidic channel
      geometry only, excluding the active elements. Then these 5 optimal structures
      will be microfabricated in Au using a technology where electrode structures
      lift
      from the lateral into a vertical position by a combination of sacrificial layers
      and purposely introduced stresses. Furthermore, they can be stabilized by
      accompanying support structures and post electroplating. Alternatively,
      electrode structures will be microfabricated using thick resist and
      electroplating technology.

     

    The
      performance of Au-electrodes with respect to bubble formation in microfluidic
      channels will be tested before. The fluidic structures will be fabricated by
      replication in PDMS from Si-masters. Finally, the PDMS microchannels and 3D
      microelectrodes on glass supports will be assembled including the positioning
      of
      ion-exchange beads of 100 micron diameter (or closest diameter available) and
      tested for their functionality. The new aspect in this work package is the
      microfabrication of the 3D electrodes. The risk, however, is controllable and
      the work package can be offered with a fixed price.

     

    Work
      package 2 (WP 2):

     

    “Active
      Element Material and Fabrication” will focus on the microstructuring of the
      active materials. The material of choice will preferably be an ion exchange
      material, although active elements made from metal could function as well,
      albeit with a decreased performance. Metal active elements will be tested as
      part of work package 1, using metal beads.

     

    The
      first
      part of work package 2 will involve a literature survey on ion exchange material
      and contacting of companies active in the production of ion exchange material
      or
      polymers in general. Osmotex will be substantially involved in this task as
      well. The materials chosen will be tested macroscopically by looking
      at

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    their
      electrophoretic and electroosmotic performance on a macroscopic scale. This
      macroscopic testing will be done by Osmotex using the facilities of CSEM in
      Alpnach.

     

    For
      the
      materials chosen for active element microstructuring, several technologies
      for
      microstructuring will be evaluated. Possible technologies are casting and
      polymerization in microfabricated molds, localized polymerization using
      microfabricated masks for localized illumination, or microembossing. Structures
      fabricated will be arrays of active element pillars on a support with the
      dimensions of an objective slide used in light microscopy. These arrays will
      be
      tested for their EO2 performance in a test-setup specifically designed for
      this
      purpose. Microstructuring of the active element arrays involves the development
      of new technologies. Even though CSEM can rely on its microfabrication
      experience in general and also with polymers, this kind of work has never been
      done with ion exchange material or material which can be made into an ion
      exchange material by a post-processing process. Thus, the task of
      microstructuring of the active elements will be offered on an hourly basis,
      with
      an estimated cap of 160h.

     

    Work
      package 3 (WP 3):

     

    “Integrated
      Functional Model” will start with a meeting of Osmotex, Prof. Nataliya Mishchuk,
      and CSEM to discuss the results obtained from work packages 1 and 2. A cost
      estimation by CSEM for the fabrication of functional models, integrating 3D
      microelectrodes and 3D microstructured active elements, will be given at this
      meeting. The result of this meeting will be the decision over 5 possible designs
      for functional models integrating 3D microelectrodes and 3D microstructured
      active elements, which demonstrate the capabilities of completely
      microfabricated EO2 devices.

     

    The
      designs will be detailed after the workshop to be microfabricated and assembled.
      Finally, the fluid flows generated with these functional models will be
      visualized and quantified. The costs for mask layout and fabrication of
      integrated devices can only be given after the completion of work packages
      1 and
      2. All other tasks of work package 3 can be offered at a fixed price from the
      beginning.

     

    Work
      package 4 (WP 4):

     

    “Report
      and Presentation” will be used for the preparation of a complete report on the
      results obtained in this project, an outlook for possible applications, and
      a
      recommendation for a project plan for a project follow-up. A power point
      presentation will be prepared as well.

     

    5.    Project
      Plan & Deliverables

     

    Work
      package 1 (WP 1):
      Electrode Microfabrication

     

    Tasks

     

    
      	
            	1.1	
              Characterization
                of bubble formation using 50 micron Au
                electrodes

            

    

     

    
      	
            	1.2	
              Design
                & simulation of 5 electrode structures in microfluidic channels (no
                beads in simulation)

            

    

     

    
      	
            	1.3	
              Mask
                layout & fabrication

            

    

     

    
      	
            	1.4	
              PDMS
                replication of fluidic structures

            

    

     

    
      	
            	1.5	
              Assembly
                of devices

            

    

     

    
      	
            	1.6	
              Testing
                of devices (including test of devices with metal beads as active
                elements)

            

    

     

    Deliverables

     

    
      	
            	·	
              Files
                of designs for 5 electrode/fluidics configurations
                

            

    

     

    
      	
            	·	
              Documentation
                on simulation results for the above 5 designs

            

    

     

    
      	
            	·	
              2
                copies of Si-master for PDMS replication of fluidic
                structures

            

    

     

    
      	
            	·	
              3
                PDMS replicas of Si-master for fluidic
                structures

            

    

     

    
      	
            	·	
              8
                copies of water with five designs of 3D microelectrode
                structures

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
            	·	
              12
                Assembled devices (4 types, three each) with three microbeads as
                active
                elements and 3 assembled devices (three of 1 type) with metal active
                elements

            

    

     

    
      	
            	·	
              Text
                and video documentation of fluid flow for 5 device
                types

            

    

     

    Work
      package 2 (WP 2): Active
      Element Material & Fabrication

     

    Tasks

     

    
      	 	
              2.1

            	
              Choose
                polymer material for microstructuring of active elements by literature
                survey and contacting corresponding companies. The macroscopic testing
                of
                material will be done at CSEM’s facilities in Alpnach. CSEM agrees to
                enable an Osmotex employee to conduct the corresponding experiments.
                

            

    

     

    
      	 	
              2.2

            	
              Design
                and fabrication of test-setup for performance evaluation of structured
                active elements

            

    

     

    
      	 	
              2.3

            	
              Performance
                evaluation of 15 arrays of structured active elements with above
                test-setup

            

    

     

    Deliverables

     

    
      	
            	·	
              Documentation
                on production of ion-exchange beads (materials,
                processes)

            

    

     

    
      	
            	·	
              Several
                active element arrays on objective slide format
                substrate

            

    

     

    
      	
            	·	
              Setup
                for experimental performance evaluation of active element
                arrays

            

    

     

    
      	
            	·	
              Text
                and video documentation of active element array performance (15 arrays
                max.)

            

    

     

    Work
      Package 3 (WP 3): Integrated
      Functional Model

     

    Tasks

     

    
      	 	
              3.1

            	
              Workgroup
                meeting in Bergen

            

    

     

    
      	 	
              3.2

            	
              Design
                of 5 integrated systems

            

    

     

    
      	 	
              3.3

            	
              Mask
                layout and fabrication

            

    

     

    
      	 	
              3.4

            	
              Assembly
                of devices

            

    

     

    
      	 	
              3.5

            	
              Visualization
                and quantification of fluid flows

            

    

     

    Deliverables

     

    
      	
            	·	
              1
                day workgroup meeting in Bergen with 3 people from
                CSEM

            

    

     

    
      	
            	·	
              Cost
                estimation for fabrication of integrated
                devices

            

    

     

    
      	
            	·	
              Files
                of designs for circular and linear fluidic systems (total of 5)
                integrating microfabricated 3D electrode structures and microstructured
                active elements

            

    

     

    
      	
            	·	
              Microfabricated
                components

            

    

     

    
      	
            	·	
              15
                assembled devices (5 types, three
                each)

            

    

     

    
      	
            	·	
              Text
                and video documentation of fluid flow for 5 device
                types

            

    

     

    Work
      package 4 (WP 4): Report and Presentation

     

    Tasks

     

    
      	 	
              4.1

            	
              Preparation
                of final report

            

    

     

    
      	 	
              4.2

            	
              Final
                meeting

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Deliverables

     

    
      	
            	·	
              Report
                of results and recommendation of project plan for
                continuation

            

    

     

    
      	
            	·	
              Power
                point presentation of project results and
                outlook

            

    

     

    6.    Timing
      - Project planning

     

    The
      project timing is illustrated in the following Gantt
      chart. In summary this means that 

     

    WP
      1 will
      start with the project start date and will last 3 months

     

    WP
      2 will
      start with the project start date and will last approx. 4 months

     

    WP
      3 will
      start after completion of work package 1 and will last approx. 4
      months

     

    WP
      will
      start after completion of work package 3 and will last 1 week

     

    7.    Pricing

    
      	
            	 	 
	
              For
                WP 1 “Electrode Microfabrication”

            	
              CHF

            	
              75’330.-

            
	
              For
                WP 2 “Active Element Material and Fabrication”

            	 	 
	
              Tasks
                2.1, 2.3, 2.4

            	
              CHF

            	
              36’270.-

            
	
              Task
                2.2 on hourly basis, maximum:

            	
              CHF

            	
              39’060.-

            
	
              For
                WP 3 “Integrated Functional Model”

            	 	 
	
              Tasks
                3.1, 3.2, 3.4, 3.5

            	
              CHF

            	
              39’060.-

            
	
              Task
                3.3, calculation possible after WP 1 & 2

            	
              CHF

            	
              xxx

            
	
              For
                WP 4 “Report and Presentation”

            	
              CHF

            	
              6’975.-

            
	
              Total
                (task 2.2 on hourly bests (max) and not including task
                3.3)

            	
              CHF

            	
              196’695.-

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    8.    Payment
      Terms

     

    For
      each
      work package:

    
      	 	 	 	 	 
	
              Project
                start:

            	
              24.3.2005

            	 	 	 
	
              First
                rate:

            	
              22.4.2005

            	
              (WP
                1 + WP 2)

            	
              CHF

            	
              44’469.-

            
	
              Second
                rate:

            	
              22.5.2005

            	
              (WP
                1 + WP 2)

            	
              CHF

            	
              44’469.-

            
	
              Third
                rate:

            	
              22.6.2005

            	
              (WP
                1 + WP 2)

            	
              CHF

            	
              44’469.-

            
	
              Fourth
                rate:

            	
              22.7.2005

            	
              (WP
                2 + WP 3)

            	
              CHF

            	
              28’055.-

            
	 	
              *or

            	
              (WP
                2, if WP 3 is cancelled)

            	
              CHF

            	
              18’602.-

            
	
              Fifth
                rate:

            	
              22.8.2005

            	
              (WP
                3)

            	
              CHF

            	
              9’453.-

            
	 	
              *or

            	
              (if
                WP 3 is cancelled)

            	
              CHF

            	
              0.-

            
	
              Sixth
                rate:

            	
              22.9.2005

            	
              (WP
                3)

            	
              CHF

            	
              9’453.-

            
	 	
              *or

            	
              (if
                WP 3 is cancelled)

            	
              CHF

            	
              0.-

            
	
              Seventh
                rate:

            	
              22.10.2005

            	
              (WP
                3)

            	
              CHF

            	
              9’453.-

            
	 	
              *or

            	
              (if
                WP 3 is cancelled)

            	
              CHF

            	
              0.-

            
	
              Final
                rate:

            	
              Project
                end

            	
              (Final
                report)

            	
              CHF

            	
              6’874.-

            
	
              Total
                with WP 3:

            	 	 	
              CHF

            	
              196’695.-

            
	
              *Total
                without WP 3:

            	 	 	
              CHF

            	
              158’883.-

            

    

     

    9.    Modifications
      and termination

     

    The
      parties will meet in Bergen in week 27 or 28 in order to examine and evaluate
      the results of WP 1 and the progress of WP 2.

     

    
      	
            	·	
              if
                the results of WP 1 and the expected results of WP 2 are found good,
                Osmotex will sign an acceptance form and CSEM will then terminate
                WP 2 and
                proceed with WP 3 according to the planning in Clause
                6.

            

    

     

    
      	
            	·	
              If
                the results of WP 1 are not found good and/or if there are significant
                uncertainties about the expected results of WP 2, CSEM will not start
                WP 3
                until WP 2 is terminated. The parties then will appoint a meeting
                to be
                held at CSEM’s premises in Alpnach at the end of WP 2 in order to agree in
                writing about a revised planning and price for the continuation of
                the
                project. If Osmotex chooses to terminate the project at its option,
                Osmotec shall have no further payment liability or obligations except
                for
                its obligation to pay charges for the previously completed WPs 1
                and
                2.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    10.    Commercial
      Conditions

     

    
      	
            	·	
              Prices
                are quoted ex works Neuchâtel, excluding VAT or any other
                taxes.

            

    

     

    
      	
            	·	
              Payment
                conditions: in CHF 30 days net from date of
                invoice.

            

    

     

    
      	
            	·	
              Unless
                stated otherwise in this quotation, the attached CSEM contractual
                terms
                and conditions shall apply.

            

    

     

    We
      hope
      that our proposal meets your expectations and stay at your disposal for any
      further information you may need.

     

    Once
      signed by both parties, this offer, together with the CSEM Contractual Terms
      and
      Conditions will be a binding agreement between the
      parties.

     

    We
      look
      forward to hearing from you and in the meantime remain,

     

    Yours
      sincerely,

    

    
      	 	
              CSEM
                Centre Suisse d’Electronique

              et
                de Microtechnique SA

            	 
	
              /s/
                Ph. Steiert

            	 	
              /s/
                U. Claessen

            
	
              Ph.
                Steiert

              Deputy
                CEO

              VP
                Industrial Business

            	 	
              U.
                Claessen

              Vice-President

              Microrobotics

            

    

    

    Accepted
      and Agreed.

    

    OSMOTEX
      A/S

    Norway

    

    

    Signature:
       /s/___________________________

    Name:

    Title: Chairman

    

    Date:

    

    

    Encl.:
      mentioned

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              CSEM
                Centre Suisse d’Electronique et de Microtechnique Sa, CH-2007
                Neuchâtel

            	
              CONTRACTUAL
                TERMS AND
                CONDITIONS

            

    

    
      
        

      

    

     

    
      	1.	
              Scope

            

    

     

    These
      contractual terms and conditions, unless modified or supplemented by a written
      agreement, apply in full to all contracts resulting from an order given by
      the
      customer or resulting from the acceptance by the customer of a quotation
      regarding a pre-study, a feasibility study or a development project (hereafter:
      the Project).

     

    
      	2.	
              Quotations

            

    

     

    
      	
              2.1

            	
              Unless
                otherwise stated therein, a quotation is valid for two months from
                the
                date of the quotation.

            

    

     

    
      	
              2.2

            	
              CSEM’s
                quotations are confidential and only persons actually entrusted with
                the
                matter may have access to them.

            

    

     

    
      	
              2.3

            	
              CSEM
                reserves Its copyright and ownership on all documents furnished in
                whatever form including, but not limited to, reports, schemes, plans,
                drawings and layouts. The customer shall not make them available
                to third
                parties or copy them without CSEM’s written permission. These documents
                must be returned to CSEM on its
                request

            

    

     

    
      	3.	
              Project
                organization and exchange of
                information

            

    

     

    Each
      party shall appoint its project manager who will be responsible for liaison
      between the parties. The project managers will organize regular meetings and
      keep throughout the progress of the Project a complete file of documents such
      as
      discussion notes, minutes of meetings, etc. The customer will be deemed to
      have
      accepted the minutes unless he informs CSEM of its non-acceptance in writing
      within 10 days of receipt.

     

    
      	4.	
              Deadlines

            

    

     

    Respect
      of deadlines implies that the customer on his part punctually fulfills his
      obligations, especially as regards communicating specifications. results of
      tests etc. A delay is justified upon the occurrence of unforeseen circumstances
      or causes beyond CSEM’s control. In case of a delay in execution, the customer
      will be immediately informed.

     

    
      	5.	
              Modifications

            

    

     

    Any
      modification that alters the statement of work, milestones, costs or the
      deliverables, is subject to written agreement between the parties prior to
      the
      modification becoming effective. Any such modification agreed in writing by
      the
      par-ties shall be inserted as an amendment to the Project.

     

    
      	6.	
              Prices
                and terms of payment

            

    

     

    
      	
              6.1

            	
              Unless
                otherwise specified, prices are stated in Swiss francs, * ex works
                *
                Neuchâtel (EXW INCOTERMS 2000). Customs taxes or VAT, if applicable, are
                at the expense of the customer.

            

    

     

    
      	
              6.2

            	
              Invoices
                are to be settled net within thirty (30) days of
                receipt

            

    

     

    
      	7.	
              Acceptance
                and rejection

            

    

     

    
      	
              7.1

            	
              Upon
                receipt of each deliverable as defined in the Project, the customer
                shall
                verity it and give written acceptance or rejection of the deliverable
                within thirty (30) days unless otherwise stated in the Project. lf
                no
                written rejection is received within the acceptance period, the relevant
                deliver-able will be considered
                accepted.

            

    

     

    
      	
              7.2

            	
              If
                a deliverable is rejected, the customer shall give notice of the
                rejection
                within the acceptance period mentioned in article 7.1, with a description
                of the alleged defect(s). If the defect is attributable to CSEM,
                the
                customer will allow CSEM a reasonable period of
                time
                to remedy the defect free of
                charge.

            

    

     

    
      	
              7.3

            	
              If
                after remedy the customer is still not able accept the deliverable,
                he may
                terminate the contract. In such case the customer shall have
                no obligation to
                pay for the relevant deliverable except for his obligation to pay
                the
                charges due for previously completed and accepted
                deliverables.

            

    

     

    
      	8.	
              Warmly
                and liability

            

    

     

    
      	
              8.1

            	
              CSEM
                will perform its obligations under the contract to the best of its
                ability
                with its customary diligence and on the basis of the latest scientific
                and
                technological developments known to
                it.

            

    

     

    
      	
              8.2

            	
              According
                to Swiss law CSEM will be liable for any direct damages re-sulting
                from
                willful fault or gross negligence on the part of its employees. CSEM
                accepts no further responsibility, In particular for consequential
                damages
                such as but not limited to financial or commercial losses, loss of
                profit,
                increase of general costs, loss of clients or market
                share.

            

    

     

    
      	9.	
              Confidentiality

            

    

     

    
      	
              9.1

            	
              All
                information in whatever
                form that has been disclosed by one party to the other in connection
                with,
                or in pursuance of the Project, especially know-how and all information
                or
                results obtained within the Project (hereinafter: “Confidential
                Information”) shall be handled in a confidential manner. Each party
                undertakes not to communicate or to divulge to third parties Confidential
                Information received from the other party nor to use such Confidential
                Information for any purpose other than the execution of the
                contract.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	
              9.2

            	
              Furthermore,
                each party agrees that it will restrict the access of Confidential
                information received horn the other party to those of its employees
                who
                need to be informed for the execution of the Project. Each party
                shall
                take all necessary and useful measures in order to protect the
                Confidential Information received from the other party with at least
                the
                same degree of care as for the protection of ifs own proprietary
                and
                confiden-tial information.

            

    

     

    
      	
              9.3

            	
              The
                foregoing obligations shall not apply to any Confidential Information,
                which the receiving party can prove (a) was known to it prior to
                disclosure by the disclosing party, (b) was rightfully received from
                a
                third party without any obligation of confidentiality or (c) is in
                the
                public domain.

            

    

     

    
      	
              9.4

            	
              Nothing
                in this paragraph shall be construed as granting any license or right
                to
                either party with respect to any Confidential Information of the
                other
                party.

            

    

     

    
      	
              9.5

            	
              The
                obligations relating to confidentially will remain effective during
                the
                term or the Project and for a period of three (3) years after termination
                or expiry of the contact.

            

    

     

    
      	
              9.6

            	
              After
                termination of the contract any and all Confidential information
                related
                to the Project shall be returned to the disclosing
                party.

            

    

     

    
      	10.	
              Intellectual
                property rights

            

    

     

    
      	
              10.1

            	
              Al
                intellectual and industrial property rights existing as of the corning
                into force of the contract or created either during the course of
                the work
                per-formed or outside of the framework of the contract shall remain
                with
                the originating party.

            

    

     

    
      	
              10.2

            	
              The
                customer may dispose freely of the results of the
                Project.

            

    

     

    
      	
              10.3

            	
              Inventions,
                findings and creations made within the framework of the Project by
                either
                party shall be the property of the originating party which shall
                be
                entitled to apply for patent protection and hold title to any patent
                issued thereon in its own right. The customer will benefit from a
                non-exclusive, royalty-free license of
                our
                rights relating to said patents.

            

    

     

    
      	
              10.4

            	
              If,
                in the course of carrying out work on the Project, CSEM and the customer
                jointly make an invention, finding or creation, the arrangement for
                applying for a patent shall be agreed between the parties on a
                case-by-case basis. Unless otherwise agreed, the parties will be
                joint
                owners of the said patent, in this case, as long as any such patent
                is in
                force, each party shall be entitled to use the patent without
                restraint.

            

    

     

    
      	11.	
              Force
                Majeure

            

    

     

    
      	
              11.1

            	
              CSEM
                shall not be liable for any failure of
                or
                delay in the performance of its obligations under the contract if
                such
                failure or delay is caused by reason of Force
                Majeure.

            

    

     

    
      	
              11.2

            	
              Force
                Majeure shall be understood to mean and include failure or delay
                caused by
                unforeseen circumstances or to causes beyond the reasonable control
                of
                CSEM’s, including but not limited to total or partial suspension of
                activity of CSEM’s suppliers, mobilization, war, riots, fire, import or
                export blocking or a considerable raise in customs
                taxes.

            

    

     

    
      	12.	
              Term

            

    

     

    The
      contract shall become effective upon receipt of the customers order or his
      acceptance of CSEM’s quotation and shall be valid until each and every
      obligation of the contract Is performed completely and until the definitive
      settlement of any account and/or litigation between the parties.

     

    
      	13.	
              Governing
                law and jurisdiction

            

    

     

    
      	
              13.1

            	
              This
                contract shall be governed by and construed In accordance with the
                substantive laws of Switzerland.

            

    

     

    
      	
              13.2

            	
              The
                parties agree to first endeavor to settle amicably any dispute arising
                from the execution or interpretation of this contract. In the absence
                of
                an amicable agreement, the ordinary courts shall resolve such dispute.
                The
                place of jurisdiction shall be the place of the defending party’s
                registered offices.

            

    

     

    
      
        

      

    

    Translation
      of the official French textEXHIBIT
      10.2

     

    MANAGEMENT
      AGREEMENT

    

    THIS
      AGREEMENT is effective
      as of
      the 1st
      day of May, 2005 (the “Effective
      Date”).

    

    BETWEEN:

    

    I.Q.
      MICRO INC.
      (formerly IQ
      Medical
      Corp.), a company duly incorporated
      pursuant to the
      laws
      of the state of Colorado, having an
      office
      at 500 Australian
      Avenue, Suite 700, West Palm
      Beach, Florida, U.S.A., 33401.

    

    (hereinafter
      referred to as the “Company”)

    

    OF
      THE FIRST PART

    

    AND:

    

    D.P.
      MARTIN & ASSOCIATES INC.,
      a
      company duly incorporated pursuant to the laws of the state of Florida, having
      an office at 500 Australian Avenue, Suite 700, West Palm Beach, Florida, U.S.A.,
      33401.

    

    (hereinafter
      referred to as the “Manager”)

    

    OF
      THE SECOND PART

    

    RECITALS

    

    WHEREAS
      the
      Company is a publicly traded corporation in the United States and the major
      shareholder of the Company is another Florida incorporated company, Osmotex
      (USA) Inc. which in turn is a wholly-owned subsidiary of a privately held
      corporation in Norway, Osmotex A/S, (“Osmotex”).

    

    WHEREAS
      the
      registered bead office of the Company is in the State of Florida. there are
      two
      operating divisions, one in West Palm Beach, Florida and the second in Horten,
      Norway;

    

    WHEREAS
      the
      Manager is a financial advisory firm that provides early stage public companies
      with various forms of assistance including financial management services. An
      employee of the Manager, Robert Rudman (“Rudman”) is a Canadian Chartered
      Accountant with extensive work experience involving financial services offered
      to early stage public companies in both Canada and the United
      States.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    WHEREAS
      the
      shareholders of Osmotex have requested the assistance of the Manager and in
      particular, of Rudman in providing certain management services to the Company
      as
      hereinafter described, and;

    

    WHEREAS
      the
      Manager has agreed, to accept the engagement and to assign Rudman in
      the task
      of
      providing such assistance and services to the Company in accordance with the
      terms and conditions herein set forth,

    

    NOW,
      THEREFORE,
      in
      consideration of the foregoing recitals and the mutual covenants set forth
      below, the parties hereto agree as follows:

     

    1.    DUTIES
      AND DEVOTION OF TIME

    

    1.1.    Duties.
      During
      the term of this Agreement the Manager shall be responsible for the duties
      contained in Schedule “A” attached hereto and incorporated herein by this
      reference (the “Duties”).

    

    1.2.    Devotion
      of Time.
      The
      parties hereto acknowledge and agree that the work of
      the
      Manager is and shall be of such a nature that regular business hours will not
      apply to his Duties. The Manager agrees that the consideration set forth herein
      shall be in fill and. complete satisfaction for such work and services,
      regardless of when and where such work and services are performed. The Company
      agrees that so long as the Manager properly discharges his duties hereunder,
      the
      Manager may devote the remainder of his time and attention to other
      non-competing business and personal pursuits.

    

    1.3.    Business
      Opportunities the Property of the Company.
      The
      Manager agrees to communicate immediately to the Company all business
      opportunities, inventions and improvements in the nature of the business of
      the
      Company which, during the term of this Agreement, the Manager may conceive,
      make
      or discover, become aware of, directly or indirectly, or have presented to
      him
      in any manner which relates in
      any
      way to the Company, either as it is now or as it may develop, and such
      business opportunities,
      inventions or improvements shall become the exclusive property of the Company
      without any
      obligation on the part of the Company to make any
      payments in addition to the management fee to the Manager.

    

    1.4.    No
      Personal Use.
      The
      Manager shall not use any of the work the Manager shall perform for the Company
      for any personal
      purposes without first obtaining the prior written consent of the
      Company.

     

    
      	
              2.

            	
              RELOCATION
                EXPENSES

            

    

    

    2.1.    Relocation
      of Rudman.
      It is
      understood and agreed by Rudman that in order for the Manager to properly
      fulfill his Duties
      to
      the Company, Rudman must relocate his domicile from Canada to the State of
      Florida. Rudman agrees to complete this relocation as soon as possible but
      no
      later than June 30, 2005. The Company agrees to reimburse the Manager for
      expenses incurred in relocating Rudman from Canada to the State of Florida
      to
      the maximum limit of ten thousand
      dollars, ($l0,000.00) U.S.

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    

    
      	
              3.

            	
              MANAGEMENT
                FEES AND INCENTIVE STOCK
                OPTIONS

            

    

    

    3.1.    Management
      Fees.
      In
      consideration of Rudman on behalf of the Manager providing the services referred
      to in the attached Schedule “A” the Company agrees to pay the Manager a monthly
      management fee (the “Monthly Management Fee”) of ten thousand dollars,
      ($l0,000.00) U.S. Furthermore, the Manager agrees to pay this monthly
      fee to Rudman as a salary less required payroll deductions.

    

    3.2.    Incentive
      Stock Options.
      As a
      condition of this Agreement and to form part of this Agreement as attached
      Schedule “C”, Rudman will be offered and will accept participation in an
      incentive stock option plan that will provide him with the opportunity to
      purchase either existing or new shares in the Company on terms acceptable to
      Rudman.

    

    
      	
              4.

            	
              REIMBURSEMENT
                OF EXPENSES

            

    

    

    4.1.    Reimbursement
      of Expenses.
      The
      Manager and/or Rudman shall be reimbursed for all reasonable out-of-pocket
      expenses incurred in or about the execution of the Duties contained herein,
      including without limiting the generality of the foregoing, all reasonable
      travel expenses payable or incurred by the Manager and for Rudman in connection
      with the Duties under this Agreement.

    

    
      	
              5.

            	
              CONFIDENTIAL
                INFORMATION

            

    

    

    5.1.    Confidential
      Information.
      The
      Manager shall not either during the term of this Agreement or under the
      provisions of Section 5.3,
      without
      specific consent in writing, disclose or reveal in any manner whatsoever to
      any
      other person, firm or corporation, nor will be use, directly or indirectly,
      for
      any purpose other than the purposes of the Company, the private affairs of
      the
      company or any confidential information which he may acquire during the term
      of
      this Agreement with relation to the business and affairs of the directors and
      shareholders of the Company, unless the Manager is ordered to do so by a court
      of competent jurisdiction or unless required by any statutory
      authority.

    

    5.2.    Non-Disclosure
      Provisions.
      The
      foregoing provision shall be subject to the further non-disclosure provisions
      contained in Schedule “B” attached hereto and incorporated hereinafter by this
      reference.

    

    5.3.    Provisions
      Survive Termination.
      The
      provisions of this section shall survive the termination of this Agreement
      for a
      period of three years.

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    

    
      	
              6.

            	
              TERM

            

    

    

    6.1.    Term.
      This
      Agreement shall remain in effect until terminated in accordance with any of
      the
      provisions contained in this Agreement.

     

    
      	
              7.

            	
              TERMINATION

            

    

    

    7.1.    Termination
      by Manager.
      Notwithstanding any other provision contained herein, the parties hereto agree
      that the Manager may terminate this Agreement, with or without cause, by giving
      ninety (90) days written notice of such intention to terminate.

    

    7.2.    Resignation
      or Cessation of Duties.
      In the
      event that the Manager ceases to perform all of the Duties contained herein,
      other then by reason of Rudman’s death or disability, or if Rudman resigns
      unilaterally and on his own initiative from all of his positions this Agreement
      shall be deemed to be terminated by the Manager as of the date of such cessation
      of Duties or such resignation, and the Company shall have no further obligations
      under Section 3 hereof.

    

    7.3.    Termination
      by Company.
      The
      Company may terminate this Agreement at any time for just cause without further
      obligation. In the event of termination for any reason other than for just
      cause
      within eight (8) months of the effective date of this Agreement, the Company
      will continue to pay the management fee under Clause 2.1 until December 31,
      2005. In the event of termination for any reason other than for just cause
      after
      December 31, 2005, the Company will continue to pay the management fee for
      three
      (3) additional months. Any stock options that have been granted but that have
      not yet vested shall immediately vest at the date of the final payment, and
      may
      be exercised for a period of 30 days only after the final payment.

    

    7.4.    Death.
      In the
      event
      of the death of Rudman during the term of this Agreement, this Agreement shall
      be terminated as of the date of such death, and Rudman’s spouse, if living, or
      surviving children shall be entitled to the termination allowance stated in
      Section 7.3 hereof.

    

    7.5.    Disability.
      In the
      event that Rudman will during the term of this Agreement by reason of illness
      or
      mental or physical disability or incapacity be prevented from or incapable
      of
      performing the Duties hereunder, then the Manager shall be entitled to receive
      the remuneration provided for herein at the rate specified hereinbefore for
      the
      period during which such illness, disability or incapacity will continue, but
      not exceeding three (3) successive months. If such illness, disability or
      incapacity continues or will continue for a period longer than three (3)
      successive months, then this Agreement may, at the option of the Directors
      of
      the Company, forthwith be terminated, and the Manager shall be entitled to
      the
      termination allowance stated in Section 7.3 hereof.

    

    7.6.    Termination
      of Payments.
      Any
      payments made by the Company to the Manager upon the termination of this
      Agreement shall be made in cash, or, if the Company does not have available
      funds, in equal monthly cash installments over one year. All payments required
      to be made by the Company to the Manager pursuant to Section 7 hereof shall
      be
      made in full.

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    
      	
              8.

            	
              RIGHTS
                AND OBLIGATIONS UPON
                TERMINATION

            

    

    

    8.1.    Rights
      and Obligations.
      Upon
      termination of this Agreement, the Manager shall deliver up to the Company
      all
      documents, papers, plans, materials and other property of or relating to the
      affairs of the Company, other than the Manager’s personal papers in regard to
      his role in the Company, which may then be in the Manager’s possession or under
      his control.

    

    
      	
              9.

            	
              CLOSING

            

    

    

    9.1.    Closing
      Date.
      This
      Agreement shall be effective as of May 1, 2005.

    

    9.2.    Conditions
      of Closing.
      The
      parties hereto agree that it shall be a condition of the execution
      of this
      Agreement that prior to or contemporaneously with the execution of this
      Agreement:

    

    
      	 	
              (a)

            	
              this
                Agreement shall be approved by the Chief Executive Officer of the
                Company.

            

    

     

    
      	
              10.

            	
              NOTICES
                AND REQUESTS 

            

    

    

    10.1.    Notices
      and Requests.
      All
      notices and requests in connection with this
      Agreement shall be deemed given as of the day they are received either by
      messenger,
      delivery
      service, or mailed by registered or certified mail with postage prepaid and
      return receipt requested and addressed as follows:

    

    
      	 	
              (a)

            	
              If
                to the Company, the registered office in the State of
                Florida.

            

    

    
      	 	
              (b)

            	
              If
                to the Manager, the office address in the Stare of
                Florida.

            

    

    

    or
      to
      such other address as the party to receive notice or request so designates
      by
      written notice to the others.

    

    
      	
              11.

            	
              INDEPENDENT
                PARTIES

            

    

    

    11.1.    Independent
      Parties.
      This
      Agreement is intended solely as a management services agreement and no
      partnerships agency, joint venture, distributorship or other form of
      agreement is intended.

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    

    
      	
              12.

            	
              AGREEMENT
                VOLUNTARY AND
                EQUITABLE

            

    

    

    12.1.    Agreement
      Voluntary.
      The
      parties acknowledge and declare that in executing this Agreement they are each
      relying wholly on their own judgment and knowledge and have not been influenced
      to any extent whatsoever by any representations or statements made by or on
      behalf of any other party regarding any
      matters dealt with herein or incidental thereto.

    

    12.2.    Agreement
      Equitable.
      The
      parties further acknowledge and declare that they each have carefully considered
      and understand the provisions contained herein, including, but without limiting
      the generality of the foregoing,
      the Manager’s rights upon termination and the restrictions on the Manages after
      termination and agree That the said provisions are mutually fair and equitable
      and that they executed this Agreement voluntarily and of their own free
      will.

    

    
      	
              13.

            	
              CONTRACT
                NON-ASSIGNABLE;
                INUREMENT

            

    

    

    13.1.    Contract
      Non-Assignable.
      This
      Agreement and all other rights, benefits and privileges contained herein may
      not
      be assigned by the Manager

    

    13.2.    Inurement.
      The
      rights, benefits and privileges contained herein, including without limitation
      the benefits of Sections 3 and
      7
      hereof, shall inure to the benefit of and be binding upon the respective parties
      hereto, their heirs, executors, administrators and successors.

    

    
      	
              14.

            	
              ENTIRE
                AGREEMENT

            

    

    

    14.1.    Entire
      Agreement.
      This
      Agreement represents the entire Agreement between the parties and supersedes
      any and
      all
      prior agreements and understandings, whether written or oral, among the parties.
      The Manager acknowledges that he was not induced to enter into this Agreement
      by
      any representation, warranty, promise or other statement, except as contained
      herein.

    

    14.2.    Previous
      Agreements Cancelled.
      Save
      and except for the express provisions of this Agreement, any and all previous
      agreements, written or oral, between the parties hereto or on their behalf
      relating to the services of the Manager for the Company are
      hereby terminated and cancelled and each of the parties hereby releases and
      further discharges the other of and from all manner of actions, causes of
      action, claims and demands whatsoever under or in respect of any such
      agreements.

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    
      	
              15.

            	
              WAIVER

            

    

    

    15.1.    Waiver.
      No
      consent or waiver, express or implied, by either party to or of any breach
      or
      default by the other party in the performance by the other of its or his
      obligations herein shall be deemed or construed to be a consent or waiver to
      or
      of any breach or default of the same or any other obligation of such party.
      Failure on the part of either party to complain of any act or failure to act;
      or
      to declare the other party in default irrespective of how long such failure
      continues, shall trot constitute a waiver by such party of its or his rights
      herein or of the right to then or subsequently declare a
      default.

    

    
      	
              16.

            	
              SEVERABILITY

            

    

    

    16.1.    Severability.
      If any
      prevision contained herein is determined to be void or unenforceable in whole
      or
      in part, it is to that exent deemed omitted. The remaining provisions shall
      not
      be affected in any way.

    

    
      	
              17.

            	
              AMENDMENT

            

    

    

    17.1.    Amendment.
      This
      Agreement shall not be amended or otherwise modified except by a written notice
      of even date herewith or subsequent hereto signed by both
      parties.

    

    
      	
              18.

            	
              HEADINGS

            

    

    

    18.1.    Headings.
      The
      headings of the sections and subsections herein are for convenience only and
      shall not control or affect the meaning or construction of any provisions of
      this Agreement.

    

    
      	
              19.

            	
              GOVERNING
                LAW

            

    

    

    19.1.    Governing
      Law.
      This
      Agreement shall be construed under and governed by the laws of the Province
      of
      British Columbia and the laws of Canada applicable therein.

    

    
      	
              20.

            	
              EXECUTION

            

    

    

    20.1.    Execution
      in Several Counterparts.
      This
      Agreement may be executed by facsimile and in several counterparts, each of
      which shall be deemed to be an original and all of which shall together
      constitute one and the same instrument.

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties hereto have executed this Agreement as of the 6th
      day of
      January, 2006.

     

    
      
        	
                THE
                  COMPANY

              	 	 	 	 
	 	 	 	 	 	 
	
                Per:

              	
                /s/
                  Johnny Christiansen

              	 	 	 	 
	 	
                Authorized
                  Signatory

              	 	 	 	 
	 	 	 	 	 	 
	
                Name:

              	
                Johnny
                  Christiansen

              	 	 	 	 
	 	 	 	 	 	 
	
                Title:

              	
                Chief
                  Executive Officer

              	 	 	 	 
	 	 	 	 	 	 
	
                SIGNED
                  by ROBERT
                  RUDMAN

              	 	
                )

              	 	 
	
                in
                  the presence of:

              	 	
                )

              	 	 
	 	 	
                )

              	 	 
	
                Douglas
                  P. Martin

              	 	
                )

              	 	 
	
                Name

              	 	
                )

              	 	 
	
                1480
                  Breakers West Blvd.

              	 	
                )

              	
                /s/
                  Robert Rudman

              	 
	
                West
                  Palm Beach, FL 33411

              	 	
                )

              	
                ROBERT
                  RUDMAN

              	 
	
                Management
                  Consultant

              	 	
                )

              	 	 
	
                Occupation

              	 	
                )

              	 	 

      

    

    

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    

    SCHEDULE
      “A”

    

    MANAGER’S
      DUTIES

    

    

    1.    While
      employed by the Manager, Rudman shall be appointed as the Chief Financial
      Officer of the Company and shall faithfully, honestly and diligently serve
      the
      Company and its subsidiary.

    

    2.    Rudman
      shall create value for the shareholders by managing the financial interests
      of
      the Company by professionally performing the functions of Chief Financial
      Officer.

    

    3.    Rudman
      shall be responsible for managing the corporate capital and assuring that the
      capital is used efficiently. Rudman shall be responsible for leading the
      financial policy making and contributing to corporate planning for the
      Company.

    

    4.    Rudman
      shall report to the Chief Executive Officer of the Company and he may be
      appointed to additional responsibilities as deemed appropriate by the Chief
      Executive Officer of the Company.

    

    5.    Rudman’s
      responsibilities shall includes, but not limited to, the following:

    

    
      	 	
              •

            	
              Management
                of cash and investments

            

    

    
      	 	
              •

            	
              Budgeting,
                financial and management reporting

            

    

    
      	 	
              •

            	
              Compliance
                with all government and regulatory compliance
                issues

            

    

    
      	 	
              •

            	
              Interaction
                with professional advisors including lawyers and
                auditors

            

    

    
      	 	
              •

            	
              Structuring
                and managing investor and public relations
                program

            

    

    
      	 	
              •

            	
              All
                forms of tax compliance, reporting and
                planning

            

    

    
      	 	
              •

            	
              Negotiating
                all aspects of bank financing

            

    

    
      	 	
              •

            	
              Legal
                and contract affairs including lease
                matters

            

    

    
      	 	
              •

            	
              Credit
                management

            

    

    
      	 	
              •

            	
              Insurance
                and risk management relating to the Officers, Directors and the
                business

            

    

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    

    SCHEDULE
      “B”

    

    NON-DISCLOSURE
      PROVISIONS

    

    
      	 	
              1.

            	
              CONFIDENTIAL
                INFORMATION AND MATERIALS

            

    

    

    (a)
      “Confidential information” shall mean, for the purposes of this Agreement,
      non-public information which the Company designates as being confidential or
      which, under the circumstances surrounding disclosure ought reasonably to be
      treated as confidential. Confidential Information includes, without limitation,
      information, whether written, oral or communicated by any other means, relating
      to released or unreleased Company software or hardware products, the marketing
      or promotion of any product of the Company, the Company’s business policies or
      practices, and information received from others which the Company is obliged
      to
      treat as confidential. Confidential Information disclosed to the Manager by
      any
      subsidiary and/or agents of the Company is covered by this
      Agreement.

    

    (b)
      Confidential Information shall not include that information defined as
      Confidential Information hereinabove which the Manager can exclusively
      establish:

    

    (i)
      is or
      subsequently becomes publicly available without breach of any obligation of
      confidentiality owed to the Company;

    

    (ii)
      became known to the Manager prior to disclosure by the Company to the
      Manager;

    

    (iii)
      became known to the Manager from a source other than the Company other than
      by
      the breach of any obligations of confidentiality owed to the Company;
      or

    

    (iv)
      is
      independently developed by the Manager.

    

    (c)
      Confidential Materials shall include all tangible materials containing
      Confidential Information, including, without limitation, written or printed
      documents and computer disks or tapes, whether machine or user
      readable.

    

    
      	 	
              2.

            	
              RESTRICTIONS

            

    

    

    (a)
      The
      Manager shall not disclose any Confidential information to
      third
      parties for a period of three (3) years following the termination of this
      Agreement, except as provided herein. However, the Manager may disclose
      Confidential Information during bona fide execution of the Duties or in
      accordance with judicial or other governmental order, provided that the Manager
      shall give reasonable notice to the Company prior to such disclosure and shall
      comply with any applicable protective order or equivalent.

    

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

    (b)
      The
      Manager shall take reasonable security precautions, at least as great as the
      precautions he takes to protect his own confidential information to keep
      confidential the Confidential Information, as defined hereinabove.

    

    (c)
      Confidential Information and Materials may be disclosed reproduced, summarized
      or distributed only in pursuance of the business relationship of the Manager
      with the Company, and only as provided hereunder.

    

    
      	 	
              3.

            	
              RIGHTS
                AND REMEDIES

            

    

    

    (a)
      The
      Manager shall notify the Company immediately upon discovery of any unauthorized
      use or disclosure of Confidential Information or Materials, or any other breach
      of this Agreement by the Manager, and shall co-operate with the Company in
      every
      reasonable manner to aid the Company to regain possession of said Confidential
      Information or Materials and prevent all such further unauthorized
      use.

    

    (b)
      The
      Manager shall return all originals, copies, reproductions and summaries of
      or
      relating to the Confidential Information at the request of the Company or,
      at
      the option of the Company, certify destruction of the same.

    

    (c)
      The
      parties hereto recognize that a breach by the Manager of any of the provisions
      contained herein would result in damages to the Company and that the Company
      could nor be compensated adequately for such damages by monetary award.
      Accordingly, the Manager agrees that in the event of any such
      breach, in addition to all other remedies available to the Company at law or
      in
      equity, the Company shall be entitled as a matter of right to apply to a court
      of competent jurisdiction for such relief by way of restraining
      order, injunction, decree or otherwise, as may be appropriate to ensure
      compliance with the provisions of this Agreement.

    

    
      	 	
              4.

            	
              MISCELLANEOUS

            

    

    

    (a)
      All
      Confidential Information and Materials are and shall remain the property of
      the
      Company. By disclosing information to the Manager, the Company does not grant
      any express or implied right to the Manager to or under any and all patents,
      copyrights, trademarks, or trade secret information belonging to the
      Company.

    

    (b)
      All
      obligations created herein shall survive change or termination
      of any and all business relationships between the parties for a period of three
      years after such termination.

    

    (c)
      The
      Company may from
      time
      to time request suggestions, feedback or other information from the Manager
      on
      Confidential Information or on released or unreleased software belonging to
      the
      Company. Any suggestions, feedback or other disclosures made by the Manager
      are
      and shall be entirely voluntary on the part of the Manager and shall not create
      any obligations on the part of the Company or a confidential agreement between
      the Manager and the Company. Instead, the Company shall be free to disclose
      and
      use any suggestions, feedback or other information from the
      Manager as the Company sees fit, entirely without obligation of any
      kind
      whatsoever to the Manager.

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

    

    SCHEDULE
      “C”

    

    INCENTIVE
      STOCK OPTIONS

    

    

    

    

    
      
        
        

      

      -12-

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