Document:

Exhibit 10.1

 Exhibit 10.1 
  

 Cooperation Agreement 
 dated as of 
 16 July, 2007 
 between 
 Fiat Group Automobiles
S.p.A., 
 and 
 WorldSpace Italia S.p.A 
 and 
 WorldSpace, Inc 
  

  

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 This cooperation agreement (“Agreement”) is entered into in Turin, on July 16th, 2007
(“Effective Date”) 
 BETWEEN 
  

	1.	Fiat Group Automobiles S.p.A., a company incorporated under the laws of Italy, with registered office in Turin, Corso Agnelli 200, Italy, hereby represented by
Mr. Giuseppe Bonollo, in his capacity as Senior Vice President Product Portfolio Management (“Fiat”); 

  

	2.	WorldSpace Italia S.p.A., a company incorporated under the laws of Italy, with registered office in Milan, Via Burigozzo 5, Italy, hereby represented by Mr. Luca
Panerai, in his capacity as Chief Executive Officer (“WS Italia”); 

  

	3.	WorldSpace, Inc., a company incorporated under the laws of the State of Delaware, with registered office in 8515 Georgia Avenue, Silver Spring, Maryland, USA, hereby
represented by Mr. Alexander Brown in his capacity as Co-Chief Operating Officer (“WorldSpace”); 

 (Fiat, WS Italia and
WorldSpace are hereinafter individually also referred to as “Party” and collectively “Parties”) 
 WHEREAS 
  

	(A)	Fiat is a leading company in the worldwide car manufacturing industry; 

  

	(B)	WS Italia is a joint venture company, operating in the field of satellite-based digital radio broadcasting, whose corporate capital is owned by: 

  

	 	•	 	 WorldSpace Europe Holdings ApS, organized and existing under the laws of Denmark, having its registered office at Langelinie Allé 35, 2100 Copenhagen,
Denmark, a fully owned subsidiary of WorldSpace, which is holding 65% of the equity of WS Italia; and 

  

	 	•	 	 New Satellite Radio S.r.l., a company incorporated under Italian law with registered offices in Via Burigozzo 5, Milan, Italy (“NSR”), holding 35%
of the equity of WS Italia and whose corporate capital is owned as follows: 67.66% by Class Editori S.p.A. (“Class”), 19.62% by Luca Panerai and 12.72% by Telecom Italia S.p.A.; 

  

	(C)	WorldSpace is a global operator of subscription-based satellite digital radio and data services (“Service”) with regional offices and operations throughout Asia,
the Middle East, and Africa. WorldSpace is the holder of certain proprietary technology and know-how (“WorldSpace IP”, e.g. chipset, service layer, reference design, etc.) which have to be incorporated into integrated radio
receivers (“SDARS Receivers”) in order to receive the Service and is willing to license the use of WorldSpace IP, upon terms acceptable to WorldSpace and the licensees, to manufacturers and/or vendors of SDARS Receivers designated
by automobile manufacturers, including Fiat. For the avoidance of doubt, it is acknowledged and understood between the Parties that neither Fiat nor the manufactures/vendors of SDARS Receivers designated by it are granted with any right, title or
interest in the WorldSpace IP, apart from those rights customarily included in standard license agreements; 

  

	  	Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential
treatment under Rule 24b-2 of the Exchange Act. 

  

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	(D)	WorldSpace intends to commence operations in Europe completing the broadcasting of the Service and initiating customer acquisition and support not later than the end of the
Technology Deployment Phase (as defined below) and has formed WS Italia with NSR to commence the Service within Italy (“Italian Service”) ; 

  

	(E)	in May 2006, WS Italia received an authorization from the Italian Ministry of Communications to launch the Italian Service, utilizing the frequency band 1479.5-1492 MHz for the
operation of the corresponding hybrid satellite/terrestrial network; 

  

	(F)	NSR is a company established in order to cooperate with WorldSpace in the implementation, operation and management of the Italian Service through WS Italia;

  

	(G)	Fiat intends to exploit new marketing opportunities involving the Italian Service and to this end entered into with Class and acting also on behalf NSR:

  

	 	•	 	 a letter of intent on March 16, 2005 (“LOI”) to explore the opportunity to proceed and negotiate a joint project involving the Italian
Service; 

  

	 	•	 	 a Framework Agreement on May 26, 2005 (“Framework Agreement”) which established the general principles of a project concerning the use of the
Italian Service on certain models of Fiat vehicles sold within Italy (“Transaction”) with a view to further and subsequently agreeing upon the specific terms and conditions which were to govern such possible Transaction provided
that a final agreement would ultimately be reached between the Parties; 

  

	(H)	through this Agreement, in performance of the understanding set forth in the Framework Agreement, the Parties intend to set forth the terms, conditions and obligations which shall
govern the Transaction; and 

  

	(I)	the Parties acknowledge that this Agreement supersedes the LOI and Framework Agreement. 

 NOW, THEREFORE, on the basis of the above recitals, the Parties hereto agree as follows. 
 Article
1 – Object 
  

	1.1	The Transaction encompasses: 

  

	 	1.1.1	the production and broadcasting by WS Italia of the Italian Service, comprising several radio channels organized in a bouquet to be subscribed to by the final customers;

  

	 	1.1.2	the installation by Fiat of the SDARS Receivers as original equipment, standard or optional at Fiat’s sole discretion (“OEM”), in certain models of its
vehicles, chosen by Fiat among those listed in Annex 1.1.2 (“OEM Vehicles”) and in accordance with the terms of Annex 3.2.1 (a); 

  

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	 	1.1.3	the co-marketing of the initial subscription of the Italian Service (“Initial Subscription”) for purchasers of OEM Vehicles; and 

  

	 	1.1.4	the exploitation by Fiat of automobile distributorship aftermarket sales opportunities for aftermarket SDARS Receivers as after sales equipment on certain models of its vehicles as
listed in Annex 1.1.4 (“Aftermarket Vehicles” and, collectively with OEM Vehicles, the “Enabled Vehicles”). 

  

	1.2	In order to execute the Transaction, WS Italia represents and warrants that it has obtained: 

  

	 	1.2.1	rights to use at least 40 channels of the west beam of the AfriStar satellite or of other satellites it will be granted access to by WorldSpace or its subsidiaries (collectively the
“Satellite”), for the broadcasting of the Italian Service bouquet; and 

  

	 	1.2.2	the authorization from the Italian Ministry of Telecommunications to broadcast the Italian Service and to implement a terrestrial network of repeaters and/or gap fillers to
supplement the satellite signal and render it available throughout the Italian territory. 

  

	1.3	In order to execute the Transaction, WorldSpace and WS Italia represent and warrant that: 

  

	 	1.3.1	the execution, delivery and performance of this Agreement by WorldSpace and WS Italia does not conflict with any agreement to which they are a party or by which they may be bound,
nor does it violate any law or regulation of any court, governmental body or administrative or other agency having jurisdiction over it; 

  

	 	1.3.2	to the knowledge of WorldSpace and WS Italia, the use of the licensed WorldSpace IP by manufacturers and/or vendors of SDARS Receivers appointed by Fiat in compliance with this
Agreement will not infringe upon the rights of any third party, and will not infringe any other rights of WorldSpace and WS Italia; and 

  

	 	1.3.3	WorldSpace and WS Italia are not aware of any infringement claims pending or threatened by any third party with respect to the licensed WorldSpace IP. 

  

	1.4	In order to execute the Transaction, WorldSpace represents and warrants that: 

  

	 	1.4.1	it has obtained or, by the commencement of the Italian Service will have obtained and/or installed, as applicable, all rights, through ownership or license, necessary to utilize the
technology required to commence the Italian Service; and 

  

	 	1.4.2.	by the commencement of the Italian Service, it shall have granted to WS Italia all rights to use the technology set forth in paragraph 1.4.1 for the Italian Service, unless
WS Italia already owns or has title to such rights. 

  

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 Article 2 
 Technology Deployment Phase – Obligations of the Parties 
  

	2.1	The Parties acknowledge that, since the execution of the Framework Agreement, they have jointly conducted discussions and negotiations with manufacturers of radio appliances and
components selected by Fiat with the aim to identify the suppliers of SDARS Receivers to Fiat. Following execution hereof, the Parties, individually or jointly, as the case may be, agree to undertake the following activities related to the
deployment of the Italian Service technology (“Technology Deployment Phase”). 

  

	2.2	In particular: 

  

	 	2.2.1	Fiat shall: 

  

	 	(a)	designate its representatives to participate with WorldSpace, WS Italia and the radio manufacturers during the Technology Deployment Phase; 

  

	 	(b)	select the SDARS Receivers manufacturer/developer who shall be granted the WorldSpace IP license(s) by WorldSpace. In this respect, Fiat shall identify an initial non-exclusive
manufacturer/developer of the SDARS Receivers (“SDARS Manufacturer”). Fiat may at any time propose to WS Italia additional alternative manufacturers/developers of SDARS Receivers with which to enter into non-exclusive agreements.
Fiat shall pursue negotiations with the SDARS Manufacturer with the objective of entering, upon terms and conditions satisfactory to Fiat and subject to WorldSpace licensing WorldSpace IP to them, into binding agreements with the same;

  

	 	(c)	use its best endeavors to cooperate with WS Italia and WorldSpace in the integration of SDARS Receivers into the Enabled Vehicles, subject to compliance by WorldSpace and WS Italia
with the terms and conditions set forth in Article 2.3; 

  

	 	(d)	use its best endeavors to have its radio receiver suppliers to assist WS Italia and WorldSpace in the incorporation of WorldSpace satellite radio technology into the SDARS
Receivers; 

  

	 	(e)	provide WS Italia with the production concepts desired by Fiat to be included within the Fiat Channel (as defined below); 

  

	 	(f)	determine with WS Italia the processes and procedures to be followed by Fiat’s distributor network with respect to the Initial Subscription by purchasers of OEM Vehicles and to
the exploitation of aftermarket opportunities involving Aftermarket Vehicles; 

  

	 	(g)	determine with WS Italia the methods and modalities according to which they will co-market and manage the Initial Subscription and exploit the aftermarket opportunities involving
Aftermarket Vehicles; 

  

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	 	(h)	perform all the engineering, design and testing activities that will be agreed upon among the Parties necessary for the qualification and application of the SDARS Receivers on the
selected OEM Vehicles; 

  

	 	(i)	use its best endeavors to perform, or cause its employees, directors and agents to perform, any and all actions required to facilitate the completion of the Technology Deployment
Phase on a timely basis; 

  

	 	(j)	discuss with WS Italia the contents of the initial commercial offer (including the bouquet) of the Italian Service, in due time prior to any significant modifications in
respect to what is already set forth in Annex 2.2.3 (b) (B), etc.; 

  

	 	(k)	test the quality and service level of the Italian Service everywhere in Italy at Fiat’s expense; and 

  

	 	(l)	use its best endeavours to agree with WorldSpace upon a marketing plan for the co-marketing of the Italian Service and of the Initial Subscription. 

  

	 	2.2.2	WorldSpace shall: 

  

	 	(a)	designate its representatives to cooperate with Fiat, WS Italia and the radio manufacturers during the Technology Deployment Phase; 

  

	 	(b)	select the manufacturers of chipsets for production of the chipsets to be used by the SDARS Receivers; 

  

	 	(c)	upon terms and conditions satisfactory to WorldSpace in its sole discretion, license the WorldSpace IP to, and cooperate with: (i) the SDARS Manufacturer or other
manufacturers of radio appliances and components selected by Fiat; and (ii) manufacturers of chipsets selected by WorldSpace and manufacturers of antennas selected by Fiat, as required for the manufacturing and integration of SDARS
Receivers compatible with the receipt of the Italian Service signals; 

  

	 	(d)	perform, or cause its employees, directors and agents to perform, any and all actions required to facilitate the completion of the Technology Deployment Phase on a timely basis;

  

	 	(e)	give WS Italia all the necessary support for the implementation of WS Italia’s obligations under this Agreement and particularly to those set forth in paragraph 2.2.3 b);

  

	 	(f)	comply with the quality and service level of the Italian Service as set forth in Annex 2.2.3 (b) (A); 

  

	 	(g)	certify that the whole system (i.e. receiver, cables and antenna) was developed by the SDARS Manufacturer according to WorldSpace specifications; 

  

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	 	(h)	certify that on each model of OEM Vehicles, the SDARS Receiver system installation design qualified by Fiat complies with the WorldSpace specification; 

  

	 	(i)	instruct an independent research institute, Fraunhofer Institute for Integrated Circuits IIS, Am Wolfsmantel 33, 91058 Erlangen, Germany, to define and validate the methodology to
be applied in order to certify the Signal Level and QoS on each installation, on each model of OEM Vehicles. WorldSpace shall use its best endeavors to have Fraunhofer to assist Fiat in its testing activities as referred to in paragraph 2.2.1.(k);

  

	 	(j)	certify that on each model of Aftermarket Vehicles, the SDARS Receiver system installation complies with Fiat requirements; and 

  

	 	(k)	provide the minimum signal level and QoS from satellite and terrestrial repeaters, as set forth in Annex 2.2.3 (b)(A). 

  

	 	2.2.3	WS Italia shall: 

  

	 	(a)	designate its representatives to cooperate with Fiat, WorldSpace and the radio manufacturers; 

  

	 	(b)	complete all activities necessary for the broadcasting of the Italian Service, according to the implementation schedule that shall be agreed as soon as possible among the
Parties, including: (i) the deployment of terrestrial repeaters and/or gap fillers which shall have at least the quality levels and criteria set forth in Annex 2.2.3 (b)(A); and (ii) the design,
acquisition, production and broadcasting of the channels included in the Italian Service bouquet, intended to be similar in form and contents to the channels described under Annex 2.2.3 (b)(B). It is agreed and understood
between the Parties that WS Italia shall have the right to use between 40 and 50 channels of the west beam of the AfriStar satellite or of other satellites, depending upon the mix of the broadcast content. The Italian Service bouquet will include a
channel dedicated to Fiat’s customers (“Fiat Channel”). During the Technology Deployment Phase, Fiat and WS Italia will have to agree upon: (i) the specific contents and details of the Fiat Channel, it being
understood that, upon initiation of the broadcasting of the Fiat Channel, Fiat (or an ad-hoc dedicated controlled subsidiary of same) will be the editor and WS Italia will be the producer of the Fiat Channel; and (ii) the terms
and conditions of the production of the Fiat Channel by WS Italia, being provided at no charge to Fiat for a period not exceeding the duration of this Agreement and unless the agreed upon content of the Fiat Channel is of such nature,
complexity and/or cost that it requires a contribution by Fiat; 

  

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	 	(c)	determine with Fiat the processes and procedures to be followed by Fiat’s distributor network with respect to the Initial Subscription by purchasers of OEM Vehicles and to the
exploitation of aftermarket opportunities involving Aftermarket Vehicles; 

  

	 	(d)	determine with Fiat the methods and modalities according to which they will co-market and manage the Initial Subscription to the Italian Service and exploit the aftermarket
opportunities involving Aftermarket Vehicles; 

  

	 	(e)	discuss with Fiat, any significant modifications to the contents of the initial commercial offer (including the bouquet) in respect to what is already set forth in Annex
2.2.3 (b)(B), in due time prior to the implementation of the same; 

  

	 	(f)	perform, or cause its employees, directors and agents to perform, any and all actions required to facilitate the completion of the Technology Deployment Phase on a timely basis; and

  

	 	(g)	provide the minimum signal level and QoS from satellite and terrestrial repeaters, as set forth in Annex 2.2.3 (b) (A). 

  

	2.3	[***] 

  

	2.4	It is agreed and understood that Fiat shall bear no costs in relation to the installation test on the Aftermarket Vehicles. 

  

	 2.5
	 The Parties shall use their best endeavors to complete the Technology Deployment Phase by the end of November 2009 so
that the sale of OEM Vehicles in Italy may proceed in accordance with the timing set forth in this Agreement. As far as the aftermarket equipment, the same could be available for sale even before that date subject to product availability. The
Project Committee shall meet by no later than September 30th, 2007 with the objective of accelerating, to any possible extent, the date first above
written and of reviewing the sourcing results according to the different offers from the SDARS Manufacturers. 

  

	2.6	With respect to customers who purchase OEM Vehicles from Fiat, WorldSpace and WS Italia shall be responsible for any failure in the Italian Service attributable to any

  

	  	Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential
treatment under Rule 24b-2 of the Exchange Act. 

  

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interruption in broadcasting or failure of the broadcast signal or whichever other cause, and Fiat shall be responsible for any failure in the SDARS
Receivers attributable to a defect in its manufacture, installation or repair according to Fiat warranty terms. 

  

	2.7	In performing its obligations hereunder, each Party shall comply in all material respects with all relevant laws, governmental and regulatory requirements and standards and shall
hold the other Parties harmless from and against any claim or contention of third parties regarding its failure to comply with laws, governmental and regulatory requirements and standards and will pay all the related costs and any damages allocated
to such third parties. 

 Article 3 – Implementation Phase 
  

	3.1	Upon completion of the Technology Deployment Phase, the Parties shall meet in order to ascertain the completion of any and all of the obligations as set forth in Article 2 above, in
accordance with the terms and conditions of this Agreement. 

  

	3.2	The execution phase (“Implementation Phase”) will commence subject to completion of the Technology Deployment Phase, in accordance with the terms and conditions of
this Agreement. In particular: 

  

	 	3.2.1	Fiat shall: 

  

	 	(a)	use its best endeavors to sell the SDARS Receivers as equipment of the OEM Vehicles in the minimum quantities set forth in Annex 3.2.1 (a); 

 

	 	(b)	request its distributors to comply with the procedures agreed in the Technology Deployment Phase; 

  

	 	(c)	co-market the Italian Service in accordance with the modalities agreed in the Technology Deployment Phase; and 

  

	 	(d)	use its marketing and advertising campaigns relating to OEM Vehicles, to promote SDARS Receivers and the Italian Service as agreed in the Technology Deployment Phase.

  

	 	3.2.2	WS Italia shall: 

  

	 	(a)	broadcast the Fiat Channel; 

  

	 	(b)	establish and manage, directly or through outsourcing, the WS Italia call center which shall have a service and quality level comparable with Fiat’s call center service quality
level; 

  

	 	(c)	provide to the Fiat distributor network the support to be agreed in the Technology Deployment Phase according to the provisions of paragraph 2.2.3 (e) for the Initial
Subscription by purchasers of OEM Vehicles; and 

  

	 	(d)	manage the subscriptions to the Italian Service. 

  

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 Article 4 – Project Committee 
  

	4.1	The Parties shall set up, and maintain throughout the duration of the cooperation, a project committee (“Project Committee”) consisting of an equal number of
representatives of each of the Parties, to be appointed by the relevant Party from time to time. The scope of the Project Committee shall be overseeing progress and compliance with, or deviations from, scope and objectives of the cooperation as well
as taking joint decisions on the Transaction. 

 Article 5 – Exclusivity 
  

	5.1	Starting from the execution of this Agreement and until the expiration of the sixth month from the commencement of the Implementation Phase (“Exclusive Distribution
Period”), WS Italia and WorldSpace agree that they shall not enter, directly or indirectly, into any agreement with any automobile manufacturer other than Fiat, for the installation of SDARS Receivers as OEM equipment on vehicles to be sold
within Italy during the Exclusive Distribution Period. 

  

	5.2	During the Exclusive Distribution Period, Fiat agrees that it shall not enter into any agreement with any manufacturers or distributors for the installation of SDARS
Receivers in its vehicles, other than with those manufacturers or distributors selected in accordance with this Agreement. 

  

	5.3	The provisions set forth under paragraphs 5.1 and 5.2 will not apply to the sale of SDARS Receivers in the aftermarket, nor to possible agreements entered into by WS Italia and by
Ferrari and/or Maserati in respect of the Italian Service. For the avoidance of doubt, no obligation is created by this Agreement upon Ferrari and Maserati. 

 Article 6 – Term and Termination 
  

	6.1	This Agreement will be effective from the Effective Date and shall have a term of five (5) years, unless earlier terminated pursuant to paragraphs 6.2, 6.3 and 9.5. This
Agreement may be renewed in writing after negotiation in good faith by the Parties. 

  

	6.2	Any Party (“Non-Defaulting Party”) shall have the right (in addition to any other right at law) to terminate this Agreement forthwith by written notice to
the other Party (“Defaulting Party”) in the event of any of the following: (a) the Defaulting Party fails to comply with any of its material obligations under this Agreement (including by way of example and not of
limitation: the obligation to comply with the minimum Italian Service quality of service levels set forth in Annex 2.2.3 (b) (A) as well as any obligations under Article 2), and does not remedy the same within thirty (30) days
following receipt of notice in writing from the Non-Defaulting Party specifying the breach or failure and calling for the same to be remedied; or (b) the Defaulting Party ceases to carry on business or suffers any execution or distress
over material part of its assets; or (c) the Defaulting Party becomes bankrupted or insolvent or files any application, petition or action for relief under any bankruptcy, insolvency or moratorium law; or (d) is subject to a
voluntary or mandatory liquidation procedure or arrangement with its class of creditors or becomes subject to an administration order; or (e) the Defaulting Party admits in writing its inability to pay its debts.

  

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	6.3	Notwithstanding the provision set forth in paragraph 6.2 of this Agreement, if the completion of the Technology Deployment Phase is delayed by more than (6) six months
from November 2009 through the sole fault of the Defaulting Party and not as a result of a Force Majeure event , then the Non-Defaulting Party may terminate this Agreement effective upon delivery of written notice to the Defaulting Party.

  

	6.4	Termination of this Agreement shall be without prejudice of any rights of the Non-Defaulting Party to be indemnified by the Defaulting Party. The Non-Defaulting Party shall be
entitled to receive from the Defaulting Party the reimbursement of the reasonable and verifiable costs incurred in relation to the Transaction. 

 Article 7 – Confidentiality 
  

	7.1	Each Party shall treat as confidential all information obtained as a result of entering into or performing this Agreement which relates to the provisions of this Agreement or
the other Party; provided, however, that either Party may disclose confidential information: (a) if and to the extent required by law or for the purpose of any judicial proceedings or arbitration pursuant to paragraph 10.2 hereof;
(b) if and to the extent required by any securities exchange or regulatory or governmental body to which that Party is subject, wherever situated; (c) to its professional advisers, auditors and bankers on a need-to-know
basis; (d) if and to the extent the information has come into the public domain through no fault of that Party; or (e) if and to the extent the other Party has given prior written consent to the disclosure.

  

	7.3	The confidentiality obligations contained in this Article 7 shall survive the termination of this Agreement for any reason and for a period of ten years from such
termination. 

 Article 8 – Representations and Warranties 
  

	8.1	Each Party represents and warrants to the other that: (a) it has the power and authority to enter into this Agreement and to perform fully its obligations hereunder;
(b) it is under no contractual or other legal obligation that shall in any way interfere with its full, prompt and complete performance hereunder; (c) the individuals executing this Agreement have the authority to do so; and
(d) the obligations created by this Agreement, insofar as they purport to be binding on it, constitute legal, valid and binding obligations enforceable in accordance with their terms. 

 Article 9 – Miscellaneous Provisions 
  

	9.1	No Party will make any public announcement or media comment regarding the subject matter or the existence of this Agreement of the Transaction without prior consultation with and
the written agreement of the other Party, except as required by law, applicable regulation or the rules of any securities exchange on which a party’s securities are publicly traded. 

  

	9.2	Each Party shall bear any and all costs and expenses incurred by it in relation to the negotiation and execution of this Agreement, except for registration taxes and duties
which (should this Agreement be registered for any reason whatsoever) shall be equally shared among them. 

  

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	9.3	The recitals of and annexes to this Agreement constitute an integral and substantial part of this Agreement. 

  

	9.4	Any communication, required or allowed under this Agreement, must be in writing and in the English language and will be deemed to have been duly given: (i) upon
receipt, when sent by registered letter or telegram; or (ii) upon confirmation of receipt generated by the fax appliance, when sent by fax, in each case to be addressed to the appropriate addresses and fax numbers set forth below:

  

					
	if to Fiat:	  	if to WS Italia:	  	if to WorldSpace:
			
	 Fiat Group Automobiles S.p.A.
 Corso Agnelli,
200
 10135 - Torino
 Italy
 Fax No.: +39 011396879
 To the attention of:
 Giuseppe Bonollo
	  	 WorldSpace Italia S.p.A.
 Via Burigozzo, 5
 20122 - Milano
 Italy
 Fax No.: 003902583173
 To the attention of:
 Luca Panerai
	  	 WorldSpace, Inc.
 8515, Georgia Avenue
 Silver Spring 20910
 Maryland, USA
 Fax No.: +1 (301) 960-1127
 To the attention of:
 Alexander Brown

			
	With copies to:	  	With copies to:	  	With copies to:
			
	 GIORGIO FOSSATI
 Corso Giovanni Agnelli
200
 10135 Torino
 Fax No.:
00390110038050
	  	 JONES DAY
 Via Turati 16-18
 20121 Milano
 Italy
 Fax No.: +39.02.76454400
 To the attention of:
 Stefano Macchi di Cellere
 and
 Carnelutti Studio Legale
 Via Principe Amedeo, 3
 20121 - Milano
 Italy
 Fax No.: +39.02.65585585
 To the attention of:
 Luca Arnaboldi
	  	 Fax No.: +1 (301) 960-2217
 To the attention
of:
 Stuart Heaton
 and
 Fax No.: +1 (301) 960-2215
 To the attention of:
 Donald Frickle

 or to any different addresses or fax numbers that the Parties may indicate in writing in accordance
with the terms hereof. 
  

	9.5	 Should any Party’s performance of any obligation under this Agreement be prevented or delayed by the occurrence of a Force Majeure event, then such
Party’s failure to perform said obligation shall not constitute a breach of this Agreement. The term “Force Majeure” for purposes of this Agreement shall include: (i) any strike, lockout, labor dispute at a Party or
its suppliers, (ii) war (declared or undeclared), riots, civil unrest, insurrection, invasion, rebellion, revolution, act of terrorism, or declaration of martial law; (iii) any shortage or curtailment of utilities, materials
or transportation, (iv) any Act of God and/or natural disaster, including but not limited to earthquake, lightning, floods, fire, explosions, etc.; (v) acts, orders or omission of Government or any agency or instrumentality
thereof, or any law or regulation having force of law; and (vi) any event beyond the reasonable control of the affected Party. A Party affected by an event of Force Majeure shall promptly notify the other Party and shall use its best
efforts to overcome and mitigate such event. The affected Party shall, upon 

  

 Page 12 of 25 

	 	 
request, make available to the other Parties its plan for mitigating, if possible, any delay caused by the Force Majeure event. If the performance of either
Party is substantially prevented by a Force Majeure event for a period of 6 (six) months or more, then each of the Parties may terminate this Agreement. 

  

	9.6	The titles of the Articles, Annexes and paragraphs are only inserted in order to facilitate the reading and must not be considered in interpreting any of the clauses of this
Agreement. 

  

	9.7	Neither Party may assign or otherwise transfer this Agreement – or the rights arising herefrom – to any non-affiliated third party, unless with the previous written
consent of the other Party. 

  

	9.8	This Agreement, the Annexes hereto and the documents executed and delivered pursuant hereto constitute the whole and only agreement between the Parties with respect to the
subject matter hereof and supersede all other prior agreements and understanding, both written and oral, between the Parties with respect to the subject matter hereof. 

  

	9.10	The official and binding language of this Agreement shall be English irrespective of any language into which it may be translated. 

  

	9.11	Any amendment, change or waiver to this Agreement shall only be valid and effective if resulting in writing from a deed duly signed by the Parties. 

Article 10 – Governing Law and Arbitration 
  

	10.1	This Agreement is governed by and construed in accordance with Italian law. 

  

	10.2	Any dispute between the Parties arising out of or in relation to this Agreement (including, without limitation, any dispute relating to the validity, interpretation and
application of this arbitration clause) shall be finally settled by arbitration under the rules of the International Chamber of Commerce. The arbitral tribunal shall consist of three arbitrators, each of them fluent in English. The first arbitrator
shall be appointed by the Party initiating the arbitration procedure which shall give notice of it to the other Party inviting it to appoint its arbitrator. The Party receiving such invitation shall notify the name of the arbitrator appointed by it
within 20 days therefrom. The third arbitrator, who shall also act as chairman of the arbitration panel, shall be designated by mutual agreement of the first two arbitrators within 20 days of the appointment of the second arbitrator or, failing such
agreement, by the President of the Tribunal of Milan. The said President shall also designate: (a) the second arbitrator in case the Party who should have made such appointment did not make it within the term mentioned above; and
(b) the person designated to replace any arbitrator who has become unavailable or has not accepted his appointment, but only in case such replacement is not made by the Party which would have been entitled to make it or, in case of the
chairman, by the other two arbitrators, within 20 (twenty) days of the date on which such arbitrator has become unavailable. 

 The written decision of a majority of the arbitrators shall be final and binding on all parties. The decision of the arbitrators shall be made “secondo diritto” in accordance with the substantive and procedural laws of
Italy and shall have the force and effect of 

  

 Page 13 of 25 

 
a judgment as between the Parties in accordance with the applicable provisions of the Italian civil procedure code. The arbitration proceedings shall take
place in Milan and shall be conducted in the English language. Notwithstanding the foregoing, any Party hereto may bring a cause of action against the other Party before any court of competent jurisdiction in the domicile of the defending Party, if
and to the extent that any arbitral award rendered in the arbitration proceedings would be unenforceable. Costs shall follow the award and shall include all reasonable expenses, including, without limitation, legal fees and costs incurred in respect
of the proceedings. 
 With respect to any dispute which may not be settled by the arbitration panel, the courts of Milan will have exclusive
jurisdiction to decide any such dispute. 
 The Parties designate their respective addresses for the giving of notice, as set forth in Article
9.4 above, as their respective domiciles at which service of process may be made in any arbitration, legal action or proceedings arising hereunder. 
 IN
WITNESS WHEREOF, the Parties have caused this Agreement to be executed on the date and year first written above-written. 
  

	
	
	 /s/ Giuseppe Bonollo

	 Name: Giuseppe Bonollo
 Title: Senior Vice President
Product Portfolio Management
 Fiat Group Automobiles S.p.A.

  

					
			
	 /s/ Luca Panerai
	 	 	 	 /s/ Alexander Brown

	 Name: Luca Panerai
 Title: Chief Executive
Officer
 WorldSpace Italia S.p.A.
	 		 	 Name: Alexander Brown
 Title: Co-Chief Operating Officer

 WorldSpace, Inc.

  

 Page 14 of 25 

 Annex 1.1.2 
 OEM Vehicles 
 The OEM Vehicles on which Fiat shall install the SDARS Receivers as original equipment,
standard or optional at Fiat’s sole discretion, are: 
 ALFA ROMEO 
 Nuova 166 
 Brera 
 Spider 
 X-over 
 159 
 940 
 Junior
(955) 
 FIAT 
 Croma

 X-over (315) 
 Bravo 
 G. Punto 
 Nuova 500 
 LANCIA 
 Delta HPE 
 Musa / nuova Musa 
 Nuova Ypsilon (846) 
  

 Page 15 of 25 

 Annex 1.1.4 
 Aftermarket Vehicles 
 All Fiat vehicles bearing the Fiat, Alfa Romeo and Lancia trademarks, then in
production at the start of the Italian Service. 
  

 Page 16 of 25 

 Annex 2.2.3 (b) (A)
 Quality Levels and Criteria for the Italian Service 
 WorldSpace and WS Italia reserve
the right to amend Section I and III of this Annex at any time, to reflect the finalization of the coverage of the Italian Service network design, , subject to prior information in writing to Fiat submitting and attaching updated documents. As far
as Section II is concerned, the final lay out and the minimum signal field strength may be updated by WorldSpace and WS Italia in the final Italian Service network design. WorldSpace and WS Italia obligations concerning the quality and service level
of the Service, as included in this Annex, can not be modified in any way without the consent of the Parties, which shall not be unreasonably withheld. 
 I - Satellite Coverage of Italy 
 Geographic Coverage - Satellite Footprint 
 

 
  

 Page 17 of 25 

 II - Urban Area Coverage 
 The purpose of the Terrestrial Repeater Network is to augment and ensure the coverage of the signal in urban areas. Outside the urban areas the Satellite signal is expected to be the main source of the radio service.
WorldSpace shall ensure the coverage of more than 99% of the roads of the major Italian urban areas through the use of terrestrial repeaters. The satellite signal should bring this percentage to a higher value. The urban areas in Italy are
represented by Polygons. For Italy, there are 125 such Polygons, as illustrated below. The targeted Polygons encompassing 50% of the Italian total population are illustrated below. These Polygons are the areas within which the targeted Quality of
Service (99% of the locations with the terrestrial repeaters only, almost anytime (99.9%)) should be met, using one or more terrestrial repeaters. Most of them are small in surface and are expected to only require one repeater. A few of them
are large and are expected to require a Single Frequency Network. 
 In this context, the terrestrial quality of service is defined as the percentage of time
that the signal strength from terrestrial repeater(s) is equal to or exceeds the minimum necessary signal strength to receive the service for a user with a reference receiver and antenna. This value, which will vary depending on terrain, vegetation,
direction of motion, road-size, traffic, and other factors, is independent of the receiver design. 
 Minimum field strength within the
area of any polygon 
 The minimum field strength to be achieved at 1.5 m height within the area of any polygon is: 
 Eterr [dBμV/m] = 50 dBμV/m 
  

 Page 18 of 25 

 III - Terrestrial Repeater Network of Italy’s Urban Areas 
 Geographic Coverage - Deployment of Terrestrial Repeaters 
 

 
 IV - Quality of Service Validation 
 The network design validation process consists of the following component stages: 
  

	 	1.	Polygon Acceptance Reviews (PAR) 

 For each polygon
(metropolitan areas) and following completion of each individual site within the targeted polygon, drive tests shall be performed according to an agreed test plan. In the case of SFN (multiple repeaters), this may involve tuning the various repeater
delays to fine tune the SFN. The drive tests will also check the actual performance versus the coverage prediction. 
  

	 	2.	Polygon Acceptance Tests 

 The network design
contractor (“Contractor”) will be responsible for writing and implementing a city-wide acceptance test plan for each islet that includes extensive drive 

  

 Page 19 of 25 

 
tests. The Contractor shall execute drive tests in each measurement target road of the city, as defined in WorldSpace ESDR Terrestrial Network Deployment
Engineering Rules WS-ESDR-TER-0001-ENG. These tests will be done once all terrestrial repeater sites are installed and individually tested within each city. WORLDSPACE will provide assistance in the form of ten (10) hardware test sets that can
be used to monitor/record signal levels and to measure the quality of service (terrestrial only, and hybrid satellite-terrestrial). Test results will be reviewed at PAR’s (Polygon Acceptance Reviews). 
  

	 	3.	Preliminary Site Activation and Preliminary Service Testing 

 Once all terrestrial repeater acceptance testing and polygon tests are done, the Contractor will support Alpha and Beta testing in conjunction with the satellite. This will include a full-scale system test to include network monitoring of
the site, site-failure simulation, interaction with the national surveillance/operation center, etc. Test results will be reviewed at OQR (Operational qualification review). 
 Coverage measurements 
 Coverage requirements are defined in the Statement of Work (ref: [WS-SOW]): The terrestrial
network should provide coverage of 99% of the roads in each islet, with minimum field strength of 50 μV/m at 1.5m height. 
 Inside each islet,
measurements shall be executed on 100% of all 
  

	 	•	 	 Express ways, 

  

	 	•	 	 Major and Minor Arterials, and 

  

	 	•	 	 Collectors. 

 Assuming that these measurements
will give a clear view of the coverage percentage inside each islet, where 99% of all roads including Locals would be covered. 
  

											
	 Characteristic
	  	 Locals
	  	 Collectors.
	  	 Minor Arterials
	  	 Major Arterials
	  	 Expressways

	 Traffic movement versus property access
	  	Property access primary function	  	Traffic movement and property access of equal importance	  	Traffic movement primary consideration; some property access control	  	Traffic movement primary consideration; subject to property access control	  	Traffic movement primary consideration; no property access
	 Typical daily motor vehicle traffic volume (both directions)
	  	< or = 2,500	  	2,500 - 8,000	  	8,000 - 20,000	  	> 20,000	  	> 40,000
	 Minimum number of peak period lanes (excluding bicycle lanes)
	  	One (one-way streets) or two	  	 One (one-way streets)
 or two
	  	Two	  	Four	  	Four
	 Desirable connections
	  	Locals, collectors	  	Locals, collectors, arterials	  	Collectors, arterials	  	Collectors, arterials, expressways	  	Major arterials, expressways
	 Flow characteristics
	  	Interrupted flow	  	Interrupted flow	  	Uninterrupted expect at signals and crosswalks	  	Uninterrupted except at signals and crosswalks	  	Free-flow (grade separated)

 Equipment: 
 Measurements shall be executed using following equipment mainly made of an ESDR receiver, a COTS GPS and field strength measurement equipment, and an optional spectrum analyzer. 
 Measurements shall include: 
  

	 	•	 	 Signal Level (RSSI: Received Signal Strength Indicator) 

  

	 	•	 	 Bit/Word Error Rate 

  

 Page 20 of 25 

 V - Audio Quality 
 WorldSpace has selected the MPEG-4 aacPlus (also known as High Efficiency AAC v2) audio coding algorithm to deliver high quality digital broadcast content to its consumers while maximizing the use of the available transmission spectrum.

 MPEG-4 aacPlus v2 is the combination of three MPEG technologies comprising Advanced Audio Coding (AAC), coupled with Coding Technologies’ Spectral
Band Replication (SBR), and Parametric Stereo (PS) technologies. SBR is a unique bandwidth extension technique which enables audio codecs to deliver the same quality at half the bit rate. PS significantly increases the codec efficiency a second time
for low bit rate stereo signals. All three technologies are currently being specified in ISO/IEC 14496-3 and combined in the HE-AAC v2 profile, which is referred to in ISO/IEC 14496-3:2001/Amd.4. (The combination of AAC and SBR is called aacPlus v1
and is specified in ISO/IEC 14496-3:2001/Amd.1 as the HE-AAC profile.) The European Telecommunications Standards Institute (ETSI) has standardized aacPlus v2 in its Technical Specification TS 101 154 “Implementation guidelines for the use of
video and audio coding in broadcasting applications based on the MPEG-2 transport stream”. 
 

 
 The codec’s core components are already in widespread use in a variety of systems and applications such as XM Satellite
Radio, HD Radio, Digital Radio Mondiale, and the Korean Satellite Digital Multimedia Broadcasting (S-DMB). aacPlus is also a central element of the 3GPP (3rd Generation Partnership Project) and 3GPP2 specifications and applied in multiple music
download services over 2.5 and 3G mobile communication networks). 
 SBR and PS are both forward and backward compatible methods to enhance the efficiency of
any audio codec. As a result, aacPlus delivers streaming and downloadable 5.1 multi-channel audio at 128 kbps, near CD-quality stereo at 32 kbps, excellent quality stereo at 24 kbps, and good quality for mixed content even below
16 kbps mono. 
 The value of aacPlus v2 has been clearly demonstrated by independent tests. In careful double-blind listening tests conducted by
3GPP (3rd Generation Partnership Project), aacPlus v2 proved its superiority to its competitors even at bit rates as low as 18 kbps. 
  

 Page 21 of 25 

 

 
 To provide the best audio quality WorldSpace is provisionally planning to provide its radio service with the following bit
rates: 
  

			
	 Type of Content
	  	 Average Bit Rate

	 Speech/News (mono)
	  	16 to 24 kbps - 20 kbps
	 Rock/Pop (stereo)
	  	24 to 36 kbps - 30 kbps
	 Classic (stereo)
	  	32 to 48 kbps - 40 kbps

 WorldSpace reserves the right to fine-tune and improve these bit rates in the future depending on the type of
audio content as well as on customer and business demands. 
 WorldSpace recommends that, in order to take full advantage of the aacPlus audio quality, audio
receivers be designed to deliver a stereo line level output with the following characteristics: 
 Frequency Response:
              20 – 20,000 Hz 
 Total Harmonic
Distortion:     <0.2% 
 Signal to Noise Ratio:
             >95 dB 
 VI - Deemed Failure to Meet Minimal Quality of Service and
Availability Levels 
 Should repeated or continuing failures of the Italian Service space and terrestrial network system components occur such that the
Italian Service is unavailable for a cumulative period in excess of thirty (30) days during any consecutive twelve (12) month period during the term of this Agreement, such loss of service shall be deemed by the Parties to constitute a
failure to meet the minimum quality and service levels set forth in this Annex. 
  

 Page 22 of 25 

 Annex 2.2.3 (b) (B)
 Italian Service Bouquet 
  

	 	•	 	 News channels - a minimum of 4 channels broadcasting general news updates, business news, financial news, breaking news, advertising; including the
following channels: 

  

	 	•	 	 Class CBNB (business and financial news); and 

  

	 	•	 	 Class News (all- news and breaking news channel). 

  

	 	•	 	 Entertainment channels - a minimum of 9 channels dedicated to the following editorial contents: breaking headlines, educational, celebrity gossip,
games, community, leisure, fashion, design and lifestyle, weather forecasts, travel, health & care, beauty, gastronomic, advertising; including the following list of channels: 

  

	 	•	 	 LUNA (featuring information and entertainment programming for, by and about women, beauty, fashion, health, relationships, home, career and shopping);

  

	 	•	 	 Campus Radio (featuring information, music and entertainment programming for, by and about young, student, relationship, communities, educational);

  

	 	•	 	 MF Fashion (featuring information, music and entertainment programming about fashion, lifestyle, upcoming events, trends and culture);

  

	 	•	 	 Food & Wine (featuring information and entertainment programming about, food, wine, cookery, recipes, restaurants, international cuisines,
events, tours); 

  

	 	•	 	 Radio Travel (in collaboration with ACI and Polizia di Stato, featuring news, information, music and entertainment programming for, by and about
driver, news, road-traffic, travel, holiday); 

  

	 	•	 	 Scienza e Salute (featuring information and entertainment educational programming for the family about healthcare); 

  

	 	•	 	 Weather channel (featuring weather information). 

  

	 	•	 	 Music Channels - a minimum of 25 channels broadcasting music (classic, country, jazz, hits, melodic, rock, pop, funky, 80’s, 70’s,
60’s, hip-pop, fusion, folk, reggae, disco, underground, progressive, soft rock, garage, grunge, avant-pop, tecno, alternative, dance-pop, new age, etnomusic, jungle and r&b from all over the world) news and advertising.

  

	 	•	 	 Sport Channel - a minimum of 1 channel broadcasting sport news, headlines, live events information and advertising. 

  

	 	•	 	 Fiat Channel - Fiat-dedicated channel (news, event, cars and test driving, advertising). 

  

 Page 23 of 25 

 Annex 2.3 
 [***] 
 Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to
the Company’s application requesting confidential treatment under Rule 24b-2 of the Exchange Act. 
  

 Page 24 of 25 

 Annex 3.2.1 (a) 
 Fiat’s Best Endeavours on Minimum Quantities 
 Fiat shall use its best endeavors to sell as equipment of
the OEM Vehicles a total of 50,000 SDARS Receivers per calendar year starting from the moment of full commercial offer of the Italian Service/SDARS Receiver (i.e. the moment in which the Italian Service/SDARS Receiver shall be available on
the entire range of vehicles chosen by Fiat among those listed in Annex 1.1.2): 
  

	1.	10,000 SDARS Receivers will be offered to Fiat customers as standard equipment of certain models/versions of OEM Vehicles; 

  

	2.	the remaining 40,000 SDARS Receivers will be offered to Fiat customers as optional equipment (at the price determined by Fiat in its sole discretion) and will therefore be installed
on the OEM Vehicles to the extent they are requested by the customers. 

 For the avoidance of doubt, the above cannot be construed as a
guarantee of volumes (both in terms of turn over and of units) and failure of reaching such target volumes shall not imply any liability of Fiat unless Fiat has failed to use its best endeavours as contemplated herein. 
 The above figures are based on the following assumptions: 
 (i) the most competitive technical/commercial offer received from the SDARS Manufacturer as of the Effective Date, with a start of production currently forecasted for November 2009. Fiat may increase the above figures should the
conditions of such technical/commercial offer significantly improve for Fiat in terms of time and cost reduction; 
 (ii) a
subscription fee for the Italian Service of around ten (10) Euros (plus VAT) per month according to WorldSpace’s offer. Should such amount be significantly increased, the Parties will discuss in good faith the impact of such increase, if
any, upon Fiat’s ability to meet its commitment herein; and 
 (iii) the content of the bouquet and/or the number of
channels as set forth in Annex 2.2.3 (b) (B). If the content and number of the channels significantly varies in relation to what is set forth in Annex 2.2.3 (b) (B), the Parties will discuss in good faith the impact of such modification,
if any, upon Fiat’s ability to meet its commitment herein. 
  

 Page 25 of 25Supply & License Agreement

 Exhibit 10.1 
 SUPPLY AND LICENSE AGREEMENT 
 This Agreement is made effective as of August 20, 2007 by and
among Colloral LLC, a Delaware limited liability company (“Colloral”), Bronson Laboratories, LLC a New York limited liability company, Futurebiotics, LLC, a New York limited liability company, and Jenasol LLC, a New York limited liability
company. 
 1. DEFINITIONS 
 1.1. Bronson Companies means Bronson Laboratories LLC, Futurebiotics, LLC, and Jenasol LLC. 
 1.2. Bronson Company
means any one of the Bronson Companies. 
 1.3. Bronson Representative means Steve Welling, COO, Futurebiotics, LLC 
 1.4. Commencement Date means September 1, 2007. 
 1.5. Confidential Information means business and technical information and other similar information, including, without limitation, the terms of this Agreement, communicated to one party by the other party in
any manner in connection with this Agreement, whether before or during the term of this Agreement, but expressly excludes information that: (i) is or becomes generally available to the public, other than as a result of disclosure by the
recipient party in violation of this Agreement; (ii) becomes available to the recipient party from a source other than the disclosing party; as long as such source is not itself bound by a confidentiality or non-disclosure agreement with the
disclosing party or otherwise prohibited from disclosing such Confidential Information by a legal, contractual or fiduciary obligation; (iii) was rightfully in the recipient party’s possession prior to receipt from the disclosing party; or
(iv) is independently developed by the recipient party without the use of the disclosing party’ s Confidential Information. 
 1.6.
Direct Response Channels means direct mail, telemarketing, direct response radio advertising, direct response television advertising, direct response magazine advertising, direct response newspaper advertising, but excludes, without
limitation, catalogs and websites. 
 1.7. Effective Date means the date of this Agreement. 
 1.8. Futurebiotics Agreements means the Supply and License Agreement by and between Colloral and Futurebiotics, LLC dated effective
January 10, 2007 and the Supply and License Agreement by and between Colloral and Futurebiotics, LLC dated effective April 9, 2007. 
 1.9. Improvements means any findings, discoveries, inventions, additions, patents, know-how, modifications, formulations, or changes that relate to or are incorporated into the Product made during the term of this Agreement.
Trademarks are specifically excluded from the definition of Improvements. 
  

 1.10. Intellectual Property means any invention, idea, concept, discovery, design, development,
technique, methodology, innovation, process, formula, data, know-how, trade secret, or intellectual property right, writing, documentation, data, computer software and hardware, and related documentation whatsoever, or any interest therein, whether
or not patentable or registrable or subject to analogous protection relating to or incorporated in the Product, including, without limitation, any Improvements, whether made by Colloral, its licensors, the Bronson Companies, or any of such parties
working together. 
 1.11. Losses means liabilities; claims, whether asserted by a third party or by a party to this Agreement;
losses; damages; judgments; awards; costs; and expenses, including, without limitation, reasonable attorneys’ fees. 
 1.12. Product means Colloral’s proprietary dietary supplement for the relief of joint
pain that Colloral currently markets under the names COLLORAL® and THE COLLAGEN SOLUTIONTM in
its current form or any form later developed, as a stand alone product and not in combination with or as a component of other products. 
 1.13. Territory means the United States of America. 
 1.14. Website means the website through which Colloral sells
the Product under the trademark, THE COLLAGEN SOLUTION, which website is currently located at www.collagensolution.com. 
 2. LICENSE 

 2.1. Grant. Subject to the terms and conditions of this Agreement, Colloral hereby grants to the Bronson Companies a
non-transferable and non-assignable license to market, offer for sale, and sell the Product, in the Territory, solely through Direct Response Channels. The Bronson Companies hereby covenant that they will use their best efforts to market the Product
through Direct Response Channels in the Territory. 
 2.2. Limited Exclusivity. The license granted to the Bronson Companies hereunder
will be exclusive for a period of [****] following the Commencement Date. The exclusivity of the license will extend automatically under the following conditions: 
 (a) If the Bronson Companies purchase and pay for at least [****] units of Product in the period between the Effective Date and the [****]
anniversary of the Commencement Date, the exclusivity will extend to the [****] anniversary of the Commencement Date; 
 (b)
If (i) exclusivity extends through the [****] anniversary of the Commencement Date and (ii) the Bronson Companies purchase and pay for at least [****] units of Product in the period between the [****] anniversary of the Commencement Date
and the [****] anniversary of the Commencement Date, the exclusivity will extend to the [****] anniversary of the Commencement Date; and 
 (c) If (i) this Agreement renews and (ii) the Bronson Companies purchase and pay for at least [****] units of Product in the period between the [****] anniversary of 

  

 -2- 

 
the Commencement Date and the [****] anniversary of the Commencement Date, the exclusivity will extend to the [****] anniversary of the Commencement Date.

 If exclusivity renews under Subsection 2.2(c) above, the parties shall negotiate in good faith to set minimums for maintaining exclusivity
for the last [****] years of the renewal term, which levels shall in no event be below [****] units. 
 2.3. No Sublicenses. The
Bronson Companies may not sublicense their rights under this Agreement without Colloral’s prior written consent. 
 (a)
Media and Distribution Partnerships. Notwithstanding the restriction on sublicenses above, the Bronson Companies are expressly granted the right to engage third party media and distribution partners to market and distribute the Product on
their behalf and under their branding on a market by market basis, but any such engagements must expressly restrict the third parties from marketing or distributing the Product (i) through channels other than Direct Response Channels and
(ii) outside the Territory. The Bronson Companies shall be responsible for the actions of such third parties, and any marketing and distribution by such third parties that does not comply with the restrictions in this Agreement, or other
Agreements with any of the Bronson Companies shall be deemed a material breach by the Bronson Companies of this Agreement. 
 (b) Rights to Media and Distribution Partnerships. The Bronson Companies shall provide notice to Colloral identifying the third party media and distribution partners it uses. Colloral shall not work with those parties to
distribute Product in the Territory and shall not encourage such parties to cease working with the Bronson Companies or to work with others to distribute Product in the Territory. 
 2.4. Retention of Rights. Colloral retains all rights not expressly granted to the Bronson
Companies hereunder, including, without limitation, the right to market, offer for sale, and sell (a) its proprietary dietary supplement for the relief of joint pain that it currently markets under the names COLLORAL® and THE COLLAGEN SOLUTIONTM, in its current form or any form later developed, in combination with or as a component of
other products and (b) subject to the Futurebiotics Agreements, the Product through any channels and in any territory not expressly covered by the license granted to the Bronson Companies under this Agreement. Colloral may license third parties
to exercise its retained rights. 
 3. MARKETING EFFORTS 
 3.1. Catalog. The Product shall be included as an offering in the Bronson Companies’ September 2007 catalogs. 
 3.2. Test of Concept. On or before the first anniversary of the Commencement Date: 
 (a) The Bronson Companies shall send a minimum of [****] e-mail solicitations offering the Product for sale. 
 (b) The Bronson Companies shall feature the Product in at least [****] copies of its newsletters, whether distributed electronically or in
hard copy. 
  

 -3- 

 (c) The Bronson Companies shall mail at least [****] catalogs that include the Product as
an offering. 
 (d) The Bronson Companies shall include the Product as an offering in at least [****] inserts that are
included in packages of products shipped to the Bronson Companies’ customers. 
 4. TRADEMARKS 
 4.1. The Bronson Companies. The Bronson Companies may not market, offer for sale, or sell the Product under the trademarks, COLLORAL or THE
COLLAGEN SOLUTION, or as a generic version of such products. The Bronson Companies shall develop, and identify the Product by, their own trademarks. 
 4.2. Brand Protection. Colloral may not identify the Product as marketed under its trademarks as being the same as the Product as marketed under the Bronson Companies’ trademarks, nor may it make
comparisons between the Product as marketed under its trademarks as being the same as the Product as marketed under the Bronson Companies’ trademarks, and the Bronson Companies may not identify the Product as marketed under their trademarks as
being the same as the Product as marketed under Colloral’s trademarks, nor may they make comparisons between the Product as marketed under their trademarks as being the same as the Product as marketed under Colloral’s trademarks. Colloral
covenants that it will use commercially reasonable efforts to prevent any other person to whom it licenses the right to market and sell the Product from identifying the Product as being the same as the Product marketed by the Bronson Companies and
from making comparisons between the Product as marketed by the licensee and the Product as marketed by the Bronson Companies. In no event, however, shall Colloral be required to restrict or prevent another licensee from identifying the origin of the
Product. 
 5. SUPPLY 
 5.1. Basic Arrangement. Colloral shall manufacture, package, label, pack for shipment, and tender to carriers, and the Bronson Companies shall purchase from Colloral, the Product in bulk, packaged in bottles or other appropriate
packaging containing either a [****],[****], or [****] supply, pursuant to purchase orders submitted by the Bronson Companies to Colloral from time to time. 
 5.2. Colloral Responsibilities. Colloral shall be responsible for purchasing or providing all raw materials and packaging, labor, utilities, and equipment necessary to manufacture the Product and for packing
the Product for shipment. 
 5.3. The Bronson Companies’ Responsibilities. Each of the Bronson Companies shall be responsible for
supplying its own labels. If Colloral does not have sufficient labels for a particular order, it may delay shipment of the entire order until the applicable Bronson Company provides the necessary labels. Each Bronson Company shall be responsible
(i) for obtaining all required permits and licenses and complying with all applicable laws, regulations, rules, ordinances, licensing and registration requirements, export and import restrictions, and anything 

  

 -4- 

 
else necessary for it to market and sell the Product in the Territory and (ii) for the costs associated therewith. 
 5.4. Three-Month Rolling Forecast; Scheduling. Each of the Bronson Companies shall provide to Colloral a non-binding rolling three-month forecast
of anticipated orders prior to the beginning of each calendar month. Colloral shall use commercially reasonable efforts to ensure that it can ship each order placed by the Bronson Companies under this Agreement within six weeks of the date it
receives the order. 
 5.5. Shipment. All sales of Product under this Agreement shall be by refrigerated truck, F.O.B. St. George,
Utah. Title to, and risk of loss of, Product shall be transferred to the applicable Bronson Company by Colloral upon tender by Colloral to such Bronson Company’s designated carrier. In the event that Colloral desires to tender the Product to
carriers at a location other than St. George, Utah, Colloral shall notify the Bronson Representative at least 30 days prior to effecting such change, and the Bronson Representative shall have the right to object to the change. If the Bronson
Representative does not object to the new location within such 30-day period or if the Bronson Representative affirmatively indicates its approval, Product shall be shipped F.O.B. the new location. 
 5.6. Certificates of Analysis. Each shipment of Product will be certified by the manufacturer for compliance with Product specifications including
potency and purity of finished product. The form of certificate is attached hereto as Schedule A. 
 5.7. Technical Resource.
Colloral shall respond promptly to any reasonable, technical questions posed by the Bronson Companies on behalf of their customers and their customers’ customers, provided, however, than in no event shall Colloral be required to disclose any
Confidential Information. 
 5.8. Exclusivity. The Bronson Companies may not purchase the Product from any person or entity other than
Colloral. 
 5.9. Annual Review. The Bronson Companies shall schedule a meeting between the parties during the last three months of
each year of the Term to review sales of the Product to date, forecasts for the coming year and the Bronson Companies’ sales and marketing activities. 
 5.10. Price and Payment Terms. The Bronson Companies shall pay to Colloral the prices described on Schedule B in U.S. dollars. The Bronson Companies shall be responsible for all sales and use taxes and
for all other taxes and charges applicable to the sale of Product to or by the Bronson Companies, other than taxes on Colloral ‘s income. Colloral shall issue invoices for Products shipped to the Bronson Companies on or promptly following the
date the Products are tendered to the carrier. The Bronson Companies shall pay Colloral for Product orders within 30 days from the date of shipment of the particular order. If an invoice is not paid within the applicable period, the overdue amount
shall bear interest from the date that it was due at the rate of [****]% per annum or, if lower, the highest rate permitted by law. 
 6.
TERM; TERMINATION 
  

 -5- 

 6.1. Term. The term of this Agreement shall commence as of the Effective Date and shall remain in
effect until the third anniversary of the Commencement Date, unless otherwise terminated as set forth below. The Bronson Companies shall have the option to renew this Agreement for one additional three-year term if the Bronson Companies purchased
and paid for at least 150,000 units in the period between the second anniversary of the Commencement Date and the third anniversary of the Commencement Date. The Bronson Companies may exercise their option to renew by the Bronson Representative
providing notice of exercise to Colloral at least 60 days prior to the third anniversary of the Commencement Date. 
 6.2.
Termination. Colloral may terminate this Agreement by giving notice to the Bronson Representative under any of the following circumstances: 
 (a) If any of the Bronson Companies fails to perform or comply in any material respect with any of its obligations under this Agreement (except pursuant to a force majeure event set forth in Section 14.2) and
such failure is not remedied within 30 days after receipt of notice of such failure; 
 (b) If any of the Bronson Companies
(i) is unable to pay, or admits in writing its inability to pay, its debts as they mature; (ii) makes a general assignment for the benefit of creditors; (iii) applies for or consents to the appointment of a receiver, trustee, or
liquidator of all or a substantial part of its assets; (iv) files a petition or becomes the subject of an involuntary petition in bankruptcy or for reorganization or for an arrangement pursuant to a bankruptcy act or insolvency which petition
is not dismissed within 90 days from such filing; or (v) is adjudicated as bankrupt or insolvent; or 
 (c) If the Food
and Drug Administration makes a final determination that the Product does not meet the statutory definition of a dietary supplement. 
 6.3.
Rights Upon Termination. Any termination of this Agreement shall be without prejudice to all other rights and remedies available to the parties under this Agreement or at law or in equity. 
 7. PRODUCT LIABILITY 
 7.1. The
Bronson Companies. The Bronson Companies shall be solely responsible (a) to their customers and end users who purchase Product through their customers for any and all claims related to the Product, (b) for ensuring that the labels and
advertising for the Product conform to USA Dietary Supplement Use and Education Act regulations and all laws and regulations in the Territory, (c) for any failure to comply with all laws, regulations, rules, ordinances, licensing and
registration requirements, export and import restrictions, and anything else necessary to market and sell the Product in the Territory, and (d) for all liabilities and expenses resulting from or related to Product returns, placements,
guaranteed sale, and recalls based on inappropriate claims. 
 7.2. Colloral. 
 (a) Colloral shall be responsible to the Bronson Companies for Losses incurred by the Bronson Companies that, directly or indirectly,
arise out of, result from or 

  

 -6- 

 
are in any way connected with harm caused by the Product as a result of its being unsafe or unstable, including, without limitation, due to undisclosed side
effects or drug interactions, whether known or unknown, unless such harm results from any intentional or inadvertent adulteration of the Product after tender to the carrier for shipment, including, without limitation, as a result of inadequate or
inappropriate shipping and/or storage. 
 (b) All Product shipped to the Bronson Companies shall be non-returnable. If any
Bronson Company believes that any Product does not conform to Colloral’s standard quality requirements, the Bronson Company shall notify Colloral of such nonconformance and, upon Colloral’s request, provide written details and deliver a
sample of such nonconforming Product to Colloral. Colloral shall promptly notify the applicable Bronson Company as to whether Colloral agrees that such Product is nonconforming. If Colloral confirms that such Product is nonconforming,
Colloral’s sole liability, and the Bronson Company’s sole and exclusive remedy, is the replacement of nonconforming Product with conforming Product. 
 (c) EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, COLLORAL DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION,
THE IMPLIED WARRANTIES OF NON-INFRINGEMENT, MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE. 
 8. CONFIDENTIALITY 

8.1. Obligation. Each party, during the term of this Agreement and at all times thereafter, shall maintain in strict confidence and safeguard
the other party’s Confidential Information. The recipient party may use the disclosing party’s Confidential Information only for the purposes of performing its obligations, and exercising its rights under, and facilitating the purposes of,
this Agreement. The recipient party may not disclose the other party’s Confidential Information to any third party without the prior written consent of the disclosing party and shall prevent unauthorized use or reproduction of the disclosing
party’s Confidential Information. In furtherance thereof, the recipient party shall limit access to such Confidential Information to employees, agents, or affiliates who require access in order for the recipient party to perform its
obligations, and exercise its rights under this Agreement and who are bound to hold such Confidential Information in confidence pursuant to the terms of this Agreement. 
 8.2. Governmental Disclosure. In the event that a recipient party is obligated to disclose the other party’s Confidential Information under applicable law or by order of a court or other governmental
authority of competent jurisdiction, including, without limitation, in or in connection with any public filing under state or Federal securities laws, such disclosure shall not be deemed to be a violation of this Agreement. As promptly as
practicable following the recipient party’s becoming aware of its obligation to disclose and, in any event, prior to such disclosure, the recipient party shall provide the disclosing party with notice of the disclosure obligation and a copy, if
applicable and possible, of the Confidential Information that the recipient party is obligated to disclose. 
  

 -7- 

 8.3. Equitable Relief. The parties agree that money damages would not be a sufficient
remedy for any breach of this Section 9 and that the disclosing party shall be entitled to specific performance and injunctive or other equitable relief as a remedy for any such breach. Such remedy shall not be deemed to be the exclusive remedy
for breach of this Section 9, but shall be in addition to all other remedies available at law or equity to the disclosing party. 
 8.4.
Prior Agreements. The provisions of this Section 9 supersede any other confidentiality agreements, other than the Futurebiotics Agreements, between Colloral and any of the Bronson Companies with respect to the subject matter hereof and
such confidentiality agreements are hereby terminated, except with respect to the parties’ obligations of confidentiality to one another from the date of those agreements to the date of this Agreement. 
  

	 	9.	INTELLECTUAL PROPERTY 

 9.1. Ownership.
Colloral and its licensors retain and shall have all right, title, and Interest in and to the Intellectual Property. 
 9.2.
Assignment. If at any time or times during the term of this Agreement, including any renewal terms or extensions, any Bronson Company makes, conceives, creates, discovers, invents, or reduces to practice any Improvements, the Bronson Company
shall promptly disclose the Improvements to Colloral. Each of the Bronson Companies hereby assigns any and all rights it may have or may acquire in Improvements to Colloral without further compensation, and in furtherance thereof, shall, during the
term of this Agreement and at any time thereafter, at the request and cost of Colloral, promptly sign, execute, make, and do all such deeds, documents, acts, and things as Colloral may reasonably request to apply for, obtain, register, evidence, and
vest in the name of Colloral or its assignee all right, title, and interest in and to the Improvements. 
 9.3. Effect of Colloral
Breach. In the event that Colloral materially breaches this Agreement (except pursuant to a force majeure event set forth in Section 14.2), and such breach is not cured within 30 days after receipt of notice of such breach, Colloral shall
assign all right, title, and interest in and to any Improvements to the Product made by the Bronson Companies to the Bronson Companies. 
 9.4. Infringement. In the event that either of Colloral or any of the Bronson Companies becomes aware of any actual, threatened, or suspected infringement by a third party of the Intellectual Property, it shall promptly notify the
other party. Colloral shall have the first right to address, at its own expense, the alleged infringement. If, within 90 days of the date of learning of any actual, threatened, or suspected infringement, Colloral has not notified the Bronson
Representative of its intent to address the alleged infringement or if within six months after such notice, Colloral has not taken steps to address such infringement, then the Bronson Companies shall have the right to address the infringement at
their own expense. The party addressing the infringement shall have full control over the infringement claim and any settlement thereof. In any event, Colloral and the Bronson Companies shall assist one another in addressing infringement of
Intellectual Property. Any monetary proceeds from any such actions shall belong to the party that addressed the infringement. 
  

 -8- 

 10. DATA SHARING. The Bronson Companies shall provide Colloral with copies of all relevant
technical reports and other compilations of data or information relating to the Product and any Improvements, including, without limitation, reports or compilations of laboratory tests, clinical tests, stability tests, and consumer market research,
promptly following their creation by the Bronson Companies or the Bronson Companies’ receipt thereof from third parties. Colloral shall own its copies of such reports and compilations. 
 11. INDEMNIFICATION 
 11.1.
Colloral’s Indemnification. Colloral shall indemnify, defend, and hold harmless the Bronson Companies and their affiliates, interest holders, subsidiaries, managers, and employees from and against any and all Losses, directly or
indirectly, arising out of, resulting from or in any way connected with (i) any material breach by Colloral of the terms of this Agreement; (ii) any non-compliance with laws, ordinances, rules, or regulations applicable to Colloral’s
obligations under this Agreement, (iii) harm caused by the Product as a result of its being unsafe or unstable, including, without limitation, due to undisclosed side effects or drug interactions, whether known or unknown, unless such harm
results from any intentional or inadvertent adulteration of the Product after tender to the carrier for shipment, including, without limitation, as a result of inadequate or inappropriate shipping and/or storage, and (iv) any claim that the
manufacture, use or sale of the Product infringes upon or violates any patent, trademark, copyright, trade secret or other proprietary rights of any third party, so long as such alleged infringement is not based on an Improvement developed by the
Bronson Companies. 
 11.2. The Bronson Companies’ Indemnification. The Bronson Companies shall indemnify, defend, and hold
harmless Colloral and its affiliates, shareholders, subsidiaries, directors, officers, and employees and, with respect to matters covered by subclause (iv) below, Business Development Resources, Inc. and JASRA, Inc., from and against any and
all Losses directly or indirectly arising out of, resulting from, or in any way connected with (i) any material breach by the Bronson Companies of the terms of this Agreement; (ii) any non-compliance with laws, ordinances, rules, or
regulations applicable to the Bronson Companies’ obligations under this Agreement; (iii) any governmental, regulatory, or other proceedings to the extent any such proceedings result from the Bronson Companies’ acts or omissions in
transporting, marketing, distributing, exporting, importing, and selling the Products; (iv) any failure of the Product labels supplied by the Bronson Companies or of the Bronson Companies’ advertising of the Product to comply with
applicable laws and regulations, (v) any adulteration of the Product after tender to the carrier for shipment, including, without limitation, as a result of inadequate or inappropriate shipping and/or storage, and (vi) any claim that any
Improvement developed by The Bronson Companies violates any patent, trademark, copyright, trade secret, or other proprietary rights of any third party. 
 11.3. Indemnification Procedures. The indemnitor shall promptly assume full and complete responsibility for the investigation, defense, compromise, and settlement of any claim, suit, or action arising
out of or relating to the indemnified matters following written notice thereof from the indemnitee, which notice shall be given by the indemnitee within ten days of the indemnitee’s knowledge of such claim, suit, or action. Failure to provide
such timely notice shall not eliminate the indemnitor’s indemnification obligations to the indemnitee unless, and only to the extent to which, such failure has substantially prejudiced the indemnitor. 

  

 -9- 

 
Notwithstanding the foregoing, the indemnitee shall have the right, in its sole discretion and at indemnitee’s expense, to participate in or to defend
or prosecute, through its own counsel, any claim, suit, or action for which it is entitled to indemnification by indemnitor; provided, however, that if the indemnitee is advised in writing by its legal counsel that there is a conflict between the
positions of the indemnitor and the indemnitee in conducting the defense of such action or that there are legal defenses available to the indemnitee different from or in addition to those available to the indemnitor, then counsel for the indemnitee,
at the indemnitor’s expense, shall be entitled to conduct the defense only to the extent necessary to protect the interests of the indemnitee. The indemnitor shall not enter into any compromise or settlement without a complete and general
release of all claims against indemnitee for which the indemnitee is entitled to indemnification hereunder. If the indemnitor does not assume the defense of such claim, suit, or action, the indemnitor shall reimburse the indemnitee for the
reasonable fees and expenses of any counsel retained by the indemnitee, and shall be bound by the results obtained by the indemnitee; provided, however, that no such claim, suit, or action shall be settled without the indemnitor’s prior written
consent, which consent shall not be unreasonably withheld. The absence of a complete and general release of all claims against the indemnitor shall be reasonable grounds for the indemnitor to refuse to provide written consent to a compromise or
settlement. 
 12. INSURANCE. Each party shall keep in force throughout the term of this Agreement and for [****] following the
termination of this Agreement adequate commercial general liability insurance written on a claims-made basis, including products liability and contractual liability coverages as respects this Agreement, with coverage of at least US$[****] per
occurrence. Attached as Schedule C are copies of certificates of insurance certifying such coverages, naming the other party as an additional insured and requiring at least 30 days prior written notice to the additional insured of any
cancellation or material change thereof. Each party shall also maintain such other insurance as is required by applicable federal and state laws. 
 13. MISCELLANEOUS PROVISIONS 
 13.1. Independent Contractors. The parties are independent contractors and not agents,
employees, partners, joint venture partners, subsidiaries, or affiliates of one another. No party shall incur any debts or make any commitments on behalf of the other, except and only to the extent, if at all, specifically provided in this
Agreement. 
 13.2. Force Majeure. Except as otherwise provided herein, neither party shall be liable to the other for any Losses or
failure to perform resulting from any act of God; fire; explosion; flood or other natural disaster; actions or impositions by Federal, state, or local authorities; strike; labor dispute; vandalism; riot; commotion; act of public enemies; blockage or
embargo; or any other cause beyond the reasonable control of such party. Upon the occurrence of any such event that results in, or will result in, a delay or failure to perform, the party whose performance is delayed or prevented shall be relieved
from fulfilling its obligations under this Agreement during the period of such force majeure event and shall promptly provide written notice to the other party of such occurrence. The party whose performance is affected shall use reasonable business
efforts to minimize disruptions in its performance and shall resume full performance of its obligations under this Agreement as soon as possible. Notwithstanding the foregoing, a party 

  

 -10- 

 
shall not be absolved from Losses resulting from actions or impositions by Federal, state, or local authorities based on such party’s breach of a term
or condition of this Agreement. 
 13.3. Notices. Unless otherwise expressly set forth herein, any notice or other communication
required or permitted to be given hereunder shall be in writing and mailed (by certified mail, return receipt requested, postage prepaid) or delivered (by hand or next business day courier service) addressed as follows: 
 If to the Bronson Companies or the Bronson Representative: 
 Bronson Nutraceuticals 
 350 South 400 West, #102 
 Lindon, UT 84042 - 1931 
 Attention: Steve
Welling 
 Chief Operating Officer 
 FutureBiotics, LLC 
 And 
 Bronson Nutraceuticals 
 70 Commerce Drive 
 Hauppauge, NY 11778 
 Attention: Steve Welling 
 Chief Operating Officer 
 FutureBiotics, LLC

 If to Colloral: 
 Colloral LLC

 1199 Madia Street 
 Pasadena,
CA 91103 
 Attention: Robert C. Bishop, Ph.D. 
 Manager 
 And 
 Colloral LLC 
 1414 East 3850 South 
 St. George, UT 84790 
 Attention: Scott A.
Gubler 
 Manager 
 or to such
other address as a party may substitute by providing notice to the other. All such notices and communications, if mailed, shall be effective upon the earlier of (a) actual receipt by the addressee, (b) the date shown on the return receipt
of such mailing, or (c) three (3) days after deposit in the mail. Notices delivered by hand shall be effective upon delivery, and 

  

 -11- 

 
notices sent by next business day courier service, shall be effective one business day after deposit with such courier service. 
 13.4. Successors and Assigns. This Agreement shall be binding on and shall inure to the benefit of the parties and their respective successors in
interest and permitted assigns. Neither party may assign this Agreement without the prior written consent of the other, which consent shall not be unreasonably withheld. 
 13.5. Severability. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or
unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. If any
provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is enforceable. 
 13.6. Survival. Sections 6.10, 7.3, 8, 9, 10, 12, 13, and 14 and any party’s obligation to pay the other amounts that have accrued but remain unpaid shall survive any termination or expiration of this Agreement. 
 13.7. Entire Agreement and Conflict. This Agreement, including the Schedules hereto, constitutes the entire agreement between the parties with
respect to the subject matter hereof and supersedes any previous agreement, whether written or oral, between the parties relating to the subject matter of this Agreement. The Futurebiotics Agreements shall not be deemed to relate to the subject
matter hereof. Further, in the event of any conflict, the terms and conditions of this Agreement shall prevail over the terms and conditions of any purchase order or other shipping, delivery, receiving, billing, or other document used directly or
indirectly by either party in performing this Agreement. 
 13.8. Amendment and Waiver. This Agreement may not be amended or modified
in any respect, except by an instrument in writing made and executed by both parties to this Agreement. No provisions of this Agreement shall be waived by any act, omission, or knowledge of a party, except by an instrument in writing expressly
waiving such provisions and executed by the party against whom such waiver is claimed. No waiver of any default under, or breach of, this Agreement shall operate as a waiver of any other or subsequent default or breach. 
 13.9. Construction. This Agreement has been submitted to the scrutiny of, and has been negotiated by, all parties hereto and their counsel, and
shall be given a fair and reasonable interpretation in accordance with the terms hereof, without consideration or weight being given to its having been drafted by any party hereto or its counsel. 
 13.10. Headings. The headings of this Agreement are for convenience only and shall be of no force or effect in construing or interpreting any of
the provisions of this Agreement. 
 13.11. Counterparts. This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original, but all of which shall constitute one and the same instrument. 
  

 -12- 

 13.12. Governing Law. This Agreement shall be governed by and construed in accordance with the
internal laws of the State of Utah, without regard to conflict of law principles. 
 IN WITNESS WHEREOF, the parties have caused this
Agreement to be duly authorized and executed as of the date first above written. 
  

			
	 BRONSON LABORATORIES, LLC

		
	By:	 	  

	Its:	 	
	
	FUTUREBIOTICS, LLC
		
	By:	 	  

	Its:	 	
	
	JENASOL LLC
		
	By:	 	  

	Its:	 	
	
	COLLORAL LLC
		
	By:	 	  

		 	 Robert C. Bishop, Ph.D.
 Manager

		
	By:	 	  

		 	 Scott A. Gubler
 Manager

  

 -13- 

 SCHEDULE A 
 FORM OF COMPLIANCE CERTIFICATE 
 Deseret Laboratories, Inc. 
 1414 E. 3850 S. 
 St George, Utah 84790

 CODE #: AI-201B 
 CERTIFICATE
OF ANALYSIS 
 Product Name:
                                        

 Lot#:                      
  

									
	 *       Analysis Required For Each Lot
 **     Based on Raw Material
 ***  Based on Input
	    	 L       Letter of Compliance

					
	ANALYTICAL REQUIREMENTS	  		    	LIMITS	    	METHODS	  	ASSAY Appearance
	 [****]
	  		    	 [****]
	    		  	                    *
					
	Volume	  	[****]	    		    	USP	  	                    *
	pH	  	[****]	    	 [****]
	    		  	                    *
	Collagen II Assay	  	[****]	    		    	HPLC	  	                    *
					
	MICROBIAL REQUIREMENTS	  		    	LIMITS	    	METHODS	  	ASSAY Appearance
	Aerobic Plate Count	  	[****]	    		    	DLI DP 730.013	  	                    *
	Total Yeast & Mold Count	  	[****]	    		    	DLI DP 730.022	  	                    *
	E. coli	  	[****]	    		    	DLI DP 730.027	  	                    *
	Salmonella	  	[****]	    		    	DLI DP 730.023	  	                    *
	Staphylococcus aureus	  	[****]	    		    	DLI DP 730.025	  	                    *

 EXP DATE:
                     
 Written by:
                     
 Assay verification
approved by:
                                        
Date:                      

 SCHEDULE B 
 APPLICABLE PRICING 
  

				
	 PRODUCT
	  	 PRICE PER UNIT
THROUGH AND
INCLUDING

 [****]

	 [****] supply
	  	$	[****]
	 [****] supply
	  	$	[****]
	 [****] supply
	  	$	[****]

 After [****], Colloral may adjust the applicable price as necessary to attain the same gross margin per unit as it
has based upon the above-referenced prices and its cost per unit on the Commencement Date. Colloral shall provide the Bronson Representative at least 30 days prior notice of any such change in the price per unit. 

 SCHEDULE C 
 CERTIFICATES OF INSURANCE

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