Document:

Exhibit 10.17

 

Confidential Materials omitted and filed separately with the Securities
and Exchange Commission pursuant to a request for confidential treatment under Rule 406 under the Securities Act of 1933, as amended.
Confidential portions are marked: [ *** ]

 

Lease

4/2009 

between 

Karl Sipmeier 

Fliederstraße 1 

93342 Saal an der Donau 

(Steuer-Nr. 126/274/70167) 

-Owner 

and 

Company Syntacoll
GmbH 

represented by Dr. Alexandra
Dietrich 

Donaustraße 24 

93342 Saal
an der Donau 

-Tenant-

 

Preamble

 

The landlord is the owner of the land shown in
Appendix A1 Donaustraße 24, 93342 Saal an der Donau, FLNR. 990 presented in registry of real estate for Kelheim district
Saal an der Donau, volume 64, sheet 2386.

 

The land including the buildings thereon is rented
to the tenant on the basis of the lease contract from 07.08.1991 including the amendments from 08.15.1992 and 26.04.2001.

 

On the occasion of the establishment of a new production
hall by the landlord as well as a boiler-house by the tenant on the said land the parties agree the following lease to clarify
and standardize the contract:

 

Upon the effectiveness of this agreement the agreements
made up to date are getting invalid.

 

§
1 Lease object

 

		1.	Lease object is the entire property of the landlord Donaustraße
                                         24, 93342 Saal an der Donau district Saal, Ltd. Kelheim for Saal, FLNR . 990, Volume
                                         64 , leaf 2386 including the buildings and facilities already constructed on this land
                                         and the new production hall to be erected by the landlord, the boiler-house and transformer
                                         station to be erected by the tenant:

 

- Office building with approximately
644 m2

 

    	 

    	Confidential Materials omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under Rule 406 under the Securities Act of 1933, as amended. Confidential portions are marked: [ *** ]

    

  

- Two production halls with approximately
2.640 m2

- Boiler house with about 90 m2 - 100 m2

- Transformer station with about 25 m2

 

as well as the shown park areas / car
parking areas .

 

The said steam boiler house and the
transformer station were built at the expense of the tenant on the rented plot. The tenant is the building owner and therefore
responsible for the building permit and regulatory requirements.

 

Where necessary, the landlord will
assist the tenant in respect of the granting of the building permit and as the land owner will fulfill his cooperation obligations
for obtaining permission.

 

The land and the buildings as well
as the parking areas are shown in Appendix A1, which is an integral part of this contract.

 

		2.	Execution and the design of the buildings result from the building
                                         specifications annexed to this contract, which serve as the structural and technical
                                         description of the rental property at the same time.

 

Please note annex A2; this is an essential
part of the contract.

 

		3.	The tenant shall take over the rental object in the state, as being
                                         held in the handover protocol signed by both parties and as attached in another part
                                         of the contract in the annex A3 (a)

 

If additional buildings and / or facilities
are going to be built, their state and condition is reviewed together after completion and confirmed in a protocol. This handover
protocol has to be attached to this agreement as Annex A3 (b), it will also form an essential part of this contract.

 

§ 2 Lease purpose

 

		1.	The lease is for the operation of a medical or pharmaceutical manufacturing
                                         company with all relevant fields of activity, in particular the production, storage,
                                         distribution of medical and pharmaceutical products as well as the management of the
                                         company.
                                         

 

		2.	The tenant must report any material change / extension of the intended
                                         purpose of use during the duration of the contract in writing.

 

		3.	The tenant has to fulfill regulatory requirements - as far as they
                                         have their basis in the operation of the tenant - at their own expense. If special requirements,
                                         permit requirements and changes of the building will be necessary because of tenant,
                                         the landlord will have them executed or run at the expense of the tenant.

 

    	 

    	Confidential Materials omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under Rule 406 under the Securities Act of 1933, as amended. Confidential portions are marked: [ *** ]

    

  

§ 3 lease , option
, termination

 

		1.	The tenancy under this agreement shall commence from 01.01.2009
                                         with the handover of the proposed extension / construction of the production hall and
                                         the open space, to be built on by the tenant and of the boiler-house and will end ten
                                         years later. The beginning of the lease is in the transfer protocol system A3 ( a) held
                                         binding on the parties.

 

		2.	The tenant has the right to extend the lease term by a simple written
                                         notice to the landlord twice for five years. The declaration must be received no later
                                         than six months before the expiration of the lease by the landlord.

 

		3.	The lease can always be cancelled by the end of the - (based on
                                         the month-end ) rental period with a period of six months - possibly extended by option
                                         exercise .

 

		4.	If no timely notice, it shall be extended for a further twelve months.

 

		5.	The notice must always been made in writing to all parties on the
                                         opposite side. For its timeliness, it does not depend on the dispatch, but on the receipt
                                         of the letter of termination.

 

		6.	The legal right of the parties to terminate the contract for good
                                         cause shall not be affected.

 

§ 4 Rent, related costs and operating
costs

 

	1.	The monthly rent is 	€	 19,249.40	 
	 	plus rent for parking spaces and utility space	€	      580.50	 
	 	a total of	€	19,829.90	 
	 	plus VAT, currently 19% 	€	    3767.68	 
	 	thus a total of	€	23,597.58	 

 

		2.	Furthermore the tenant bears all additional and operating costs
                                         as listed in detail in Appendix A4, except for the property tax, fire insurance, windstorm
                                         and hail insurance and water damage insurance for the installed fittings built-in by
                                         the landlord (see § 9) as well as elementary insurance for the building. The landlord
                                         shall bear those costs.

 

As far as possible, the tenant will sign
the corresponding contracts in each case directly with the respective public utility company (water, sewage, electricity, garbage
disposal / waste management).

 

In addition, the landlord accounts for
the related and operating costs annually until 31.12 of the calendar of the following year, taking into account the advance payments
made by the tenant.

 

		3.	The rent in the amount of € 23,597.58 is due for payment until
                                         the third business day of the calendar month in advance and has to be paid on the owner's
                                         account at the *** to at the expense of the tenant.

 

    	 

    	Confidential Materials omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under Rule 406 under the Securities Act of 1933, as amended. Confidential portions are marked: [ *** ]

    

 

The rent shall be guaranteed.

 

Basis is determined by the Federal Statistics
Office consumer price index for Germany ( overall index ) based on 2005 = 100 points.

 

A change of this index by more than ten
points higher than the level at the time of the contract, the rent shall change accordingly from the first day of the month following
the publication of living index.

 

If less than 24 months have gone by since the recent
revision, the change will not take effect until after the expiration of 24 months. Here the new index level is effective in the
month in which more than ten points were reached.

 

The parties agree that a permit is not
required for this value adjustment.

 

§ 5 Offset, retention and reduction
rights

 

		1.	The parties may settle claims under this rental agreement only with
                                         undisputed or legally established claims.

 

		2.	A right of retention for other than monetary claims the parties
                                         may exercise, if this intention was announced in writing one month in advance.

 

		3.	The right of the rent reduction remains unaffected.

 

§ 6 Maintenance of
the leased property (cosmetic repairs, maintenance, repairs)

 

		1.	The landlord has to maintain the rental property in the contractual
                                         condition.

 

		2.	The tenant takes over execution of cosmetic repairs.

 

		3.	The tenant takes over the maintenance and repair under the following
                                         conditions:

 

The tenant bears the cost of maintenance
work up to an amount of € 1,750.00 in individual cases, if it is the repair of damage to portions of the leased premises
that are exposed to direct or frequent access to the tenant.

This obligation is to pay the costs up
to an annual total by a maximum of € 12,500.00

For repair work, the limitation is also
up to an amount of € 1,750.00 in individual cases and up to an annual total in the amount of € 12,500.00.

 

An obligation to pay the costs is only
in case the insurance of the landlord won’t pay these costs.

 

The tenant is also solely responsible
for all operational facilities and installations, with which he has equipped the rental property at his own expense.

    	 

    	Confidential Materials omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under Rule 406 under the Securities Act of 1933, as amended. Confidential portions are marked: [ *** ]

    

 

 

		4.	The obligation of the tenant to take over the maintenance costs,
                                         repairs or replacements in or to the property including the establishment and parts is
                                         limited to the interior part of the building. Repair and maintenance in particular includes
                                         preventive measures that keep the object in condition as per agreement, so it does not
                                         damage or decay on or in the building (maintenance, elimination of wear, etc.). Repair
                                         includes repair work when the object or equipment has become defective.

 

		5.	Work on equipment and objects, particularly on technical installations
                                         for which the landlord is responsible and which affect the entire building must be carried
                                         out only after consultation with the owner.

 

§ 7 Duty to maintain
safety

 

The lessee is taking over safety duties on the
property and in the rented premises and the related areas. This also applies to the removal of snow and ice in the access area.

The tenant is also responsible for maintenance of the wastewater flaps on the west and east sides of the property, as shown on
the site plan.

 

§ 8 Warranty and Liability

 

		1.	The owner is liable for defects already existing before start of
                                         the contract only in the case of intent or gross negligence or if he has committed or
                                         pretended to the tenant the absence of defects.

 

		2.	In addition, the liability of the landlord is limited to gross negligence
                                         and willful misconduct including the behavior of its representatives and agents for breach
                                         of other obligations according to § § 280 , 281 BGB. Thus, the landlord is
                                         liable only if the damage was caused intentionally or by gross negligence. Therefore,
                                         the landlord is not liable for damages caused by the tenant belonging to his goods, furnishing
                                         equipment, data, etc., of whatever nature, origin, duration and extent to which the effects
                                         are, unless that the landlord has caused the damage intentionally or gross negligence.
                                         This also applies to damage caused by moisture.

 

		3.	The compensation for indirect damage, such as loss of profit, is
                                         limited to an annual gross rent. In case of electronic data and technical systems the
                                         tenant is advised to take precautions against brownouts or changes and take out electronics
                                         insurance.

 

		4.	The above exclusions / limitations do not apply in the event of
                                         damages to life, health, etc., which are based on an intentional or negligent breach
                                         of duty by the landlord or a corresponding breach of duty by a legal representative or
                                         auxiliary person.

 

		5.	The above exclusions / restrictions also do not apply to damages
                                         for which there is an insurance of the landlord.

 

    	 

    	Confidential Materials omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under Rule 406 under the Securities Act of 1933, as amended. Confidential portions are marked: [ *** ]

    

  

§ 9 Completion
of insurance

 

The landlord completes only a fire insurance, windstorm / hail
insurance and elementary insurance and a water damage insurance for the valves built by him into the building for the rental property.
This applies only to the buildings build by the landlord.

 

The tenant is obliged to obtain for
its commercial enterprise standard insurances, particularly public liability insurance each insured with adequate sums and has
to maintain it during the contract term. The tenant is obliged to prove to the landlord the conclusion of such insurance upon
request.

 

§ 10 Sublets, use to third parties

 

After the prior written consent of the landlord the tenant is entitled
to sublet the rental or making them available for use to third parties.

 

In the event of an authorized and an unauthorized
subletting the tenant will assign its claims against the tenant, including liens on the owner who accepts such assignment already.
This applies only in the event that the tenant should fail to meet its payment obligations under this agreement.

 

§ 11 Termination of
the lease / dismissal

 

		1.	The tenant is obliged to return the rental property after termination
                                         of the lease in a cleared, well-swept and orderly condition.

 

		2.	The tenant is entitled to take away furniture/constructions with
                                         which he has added to the building. The landlord can avert the exercise of the right
                                         of removal of the tenant by the payment of appropriate compensation, unless the tenant
                                         has a legitimate interest in the removal.

 

		3.	In case the lease ends by dismissal of the landlord, the tenant
                                         is liable for the damage that the landlord may suffer that the spaces are empty or need
                                         to be rented to a lower rent after departure of the tenant. The liability lasts until
                                         the end of the agreed rental period, but for no more than two years after the eviction.
                                         Incidentally, the provision by law shall apply.

 

		4.	If the Lessee has made structural changes, so he has to eliminate
                                         them at the request of the landlord and restore it in the original condition with all
                                         the requisite ancillary works - as in the beginning of the lease -. Otherwise, they are
                                         taken over without compensation by the landlord, this also applies to the built steam
                                         boiler house including its facilities and the transformer station built by the tenant.

 

		5.	Tenants and landlords have to discuss in time so that agreements
                                         can be made before the eviction.

 

    	 

    	Confidential Materials omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under Rule 406 under the Securities Act of 1933, as amended. Confidential portions are marked: [ *** ]

    

  

§ 12 Advertising

 

The tenant is entitled to install at his expense
property advertising and equipment, such as advertising, illuminated signs, illuminated images, signs, display cases, vending
machines, etc.. The procurement of any regulatory approvals is the responsibility of the tenant, as well as the authorization
to operate the advertising.

 

§ 13 Miscellaneous

 

		1.	The tenant makes a deposit in the amount of € 120,000.00 in
                                         the form of an absolute unlimited guarantee of a major German bank. The guarantee instrument
                                         shall be supplied to the owner within a period of one month after conclusion of the contract
                                         in original.

 

		2.	This Agreement contains all the agreed arrangements between the
                                         parties of the lease. There are no oral side agreements. Subsequent additions or modifications
                                         to this Agreement must be in writing. This also applies for a cancellation or a waiver
                                         of the aforementioned requirement of written form.

 

		3.	If any provision of this Agreement shall not be effective in whole
                                         or in part void, invalid, void, or for any other reason, the validity of the remaining
                                         provisions shall not be affected.

 

If the aforementioned ineffectiveness
is not the result of a breach of the rules relating to the inclusion of general business conditions in the contract § §
305 ff. BGB, the contracting parties agree to a provision that comes as close as possible to the purpose of the original agreement
instead of the ineffective provision

 

		4.	If a violation of the written form requirement exist or even come
                                         into consideration, the parties each agree to submit all required declarations and /
                                         or take actions to ensure that the writing deficiency will be remedied and to refrain
                                         until then to an early termination due to non-compliance in writing.

 

		5.	A change in the legal form neither on the part of the tenant or
                                         on the part of the landlord has an effect on the content of this lease.

 

		6.	If any provision of this contract be or become invalid, this applies
                                         not to the remaining contract, the parties make provisions in this case with respect
                                         to the content and economically to the intended purpose.

 

	Saal a. d. Donau, 17.
    Dec. 2009	 	Saal a. d. Donau, 17.
    Dec. 2009
	 	 	 
	/s/
    Karl Sipmeier	 	/s/
    A. Dietrich
	 	 	 
	Karl Sipmeier	 	Syntacoll GmbHExhibit
10.18

 

THIS
LICENCE is made the 24th day of November 2008 BETWEEN THE GRANTOR of the One Part and THE
LICENSEE of the Other Part.

 

NOW
IT IS HEREBY AGREED as follows:-

 

Definitions

 

		1.	In this Licence where the context so admits :-

 

The
following expressions shall have the following meaning :-

 

“the
Grantor” is Athlone Institute of Technology, Dublin Road, Athlone, Co. Westmeath.

 

“the
Licensee” is Innocoll Technologies Ltd.

 

“the
Estate” is the property known as the “Midlands Innovation & Research Centre” situated at Dublin
Road, Athlone, Co. Westmeath.

 

“the
work area” is such part of the Estate as the Grantor may from time to time designate upon giving to the Licensee
not less than 1 calendar months written notice, being known as areas Unit K111 (396 square feet), Unit K103 (229
square feet) and Unit K106 shared (96 square feet x 50%) comprising a total of 673 square feet.

 

“the
permitted use” is the research and development of surgical and dermatological products using proprietary collagen-based
technologies.

 

“the
licence fee” shall mean the sum of €1,290.00 per calendar month.

 

“the
commencement date” is December 1st 2008.

 

“bare
licensee” is a person given authority by the Grantor to use its premises without becoming entitled to exclusive
possession, being deemed a personal privilege with no interest in the land and this is a bare licence only revocable by the Grantor
upon giving 1 Calendar months notice and shall not confer upon the Licensee any rights under the Landlord & Tenant Acts or
otherwise. The Licensee acknowledges that this licence is granted to it for a period of 1 calendar year for its temporary convenience
only and

 

    	(1)

    	 

    

 

thereafter for such term as may be agreed between the parties and at any rate until such time as the Licensee’s
business has developed sufficiently to enable the Licensee to move from the work area into its own premises or until the Grantor
requires the work area for other purposes.

 

“common
areas’’ shall include all hallways, corridors, stairwells, café, toilets and access routes to the work area.

 

		(i)	Works referring to persons shall include firms, companies, corporations and vice versa.

 

		(ii)	Where there are two or more persons included in the expression “the Licensee”, the
obligations, agreements, terms and conditions contained in this Licence are expressed to be made by all such persons.

 

		(iii)	Any reference to legislation shall include any statutory amendment, modification or re-enactment
of it for the time being in force and shall include all instruments, orders, plans, regulations, permissions and directions for
the time being made, issued or given under it.

 

		(iv)	The headings appearing in this Licence are for reference only.

 

The
Grant

 

		2.	As long as this Licence shall remain in operation, the Grantor hereby licences and authorises the
Licensee (subject to the terms and conditions contained in this Licence) to enter upon and use solely for the purpose of the permitted
use in the work area as a bare licensee.

 

The
Period of the Licence

 

		3.	This Licence shall commence on the commencement
                                         date and shall continue for a period of 1 calendar year.

 

	4.	(i)	The licence
    fee payable from time to time during the continuance of this Licence shall be paid monthly in advance by way of a direct debit
    order on the 1st of each calendar month.

  

		(ii)	The Licensee agrees to pay to
                                         the Licensor a deposit sum of 1 months licence fee plus 1 months licence fee in advance
                                         (€2,580.00) and a completed direct debit mandate in compliance with the terms
                                         of the said Licence, which said sum subject to such payment and compliance shall be refunded
                                         in full subject to all

 

    	(2)

    	 

    

  

outstanding
invoices being paid by the Licensee. Should the Licencee request to licence a smaller amount of space than that agreed herein,
the discounted licence fee and terms as agreed above will be renegotiated.

 

Ancillary
Entitlements of Licensee

 

		5.	The Licensee, in addition to its rights to occupy the work area, shall be entitled to the following
ancillary rights:-

 

		(a)	Access and membership of the library of the Grantor for a fee of €150 per annum, all costs and
charges associated with the use of charged databases and external inter-library loan shall be paid by the Licensee immediately
same are incurred. Access to and use of the café.

 

		(b)	Advice on research and development projects and funding sources through the External Services Unit
(ESU). ESU is located within the Innovation Centre.

 

		(c)	Access to the Competitive Business Intelligence Unit (CBI) to be agreed between the parties. A
schedule of services and fees is available on their website www.cbi.ie

 

		(d)	Access to the Grantor’s facilities and equipment by prior arrangement provided such facilities
and equipment are available according to standard procedures, at reduced rates to be agreed with the Licensee.

 

		(e)	The use of meeting rooms and those with audiovisual equipment by prior arrangement subject to availability
and according to the standard procedures in operation at agreed rates.

 

		(f)	Consultancy facilities to be provided by the AIT’s
External Services Unit (ESU) to be agreed between the parties, but such facilities shall not extend to the services offered
by the CBI Unit of Athlone Institute of Technology.

 

		(g)	The licence fee payment will include the cost of overheads such as energy, cleaning and maintenance
on the work area.

 

    	(3)

    	 

    

  

		(h)	The Licensee shall be entitled to access the work area at all reasonable times subject to agreement
of the Estates Management and Manager of the Centre.

 

		(i)	The Licensee is specifically advised that it will not receive an internal telephone extension on
the Grantor’s telephone circuit and shall not receive any technical support from the Grantor.

 

		(j)	All vehicular parking by the Licensee, or any employee, servant, agent or invitees of the Licensee,
shall be confined to the parking area.

 

		(k)	The delivery of goods of any description either to or from the unit is not permitted other than
in a manner agreed with the Manager of the Centre.

 

		(l)	It is not permitted to place any obstruction of any nature or kind in or upon the courtyard area,
common areas, footpaths or approaches to the work area or the building of which the work area forms part or the roads and pathways
in the Estate. The licensee shall at all times keep and maintain all fire escapes at all times free from obstruction of any kind
whatsoever.

 

Licensee’s
Obligations

 

		6.	The Licensee hereby agrees and undertakes:-

 

		6.1	To pay the licence fee on the days and in the manner specified in this Licence.

 

		6.2	The payment of the licence fee to Athlone Institute of Technology is separate to any present or
future commercial transaction with the Institute.

 

		6.3	To keep the work area clean, neat, tidy and free from any rubbish, fire or health hazard and to
remove on a daily basis all waste and refuse from the work area to receptacles for disposal off the Estate.

 

		6.4	Not to damage any part of the Estate (including for the avoidance of doubt, the work area) and
to bear any costs incurred by the Grantor in making good any damage caused by the Licensee or any employee, servant, agent or invitee
of the Licensee.

 

		6.5	To notify the Grantor immediately in writing of any damage caused by the Licensee or any employee,
servant, agent or

 

    	(4)

    	 

    

  

invitee
of the Licensee to the Estate of any damage to or deterioration in the work area howsoever arising.

 

		6.6	To use the work area for the permitted use only.

 

		6.7	Not to do or permit to be done in or about the work area, anything that shall be a nuisance, inconvenience
or disturbance to the Grantor or the licensees or occupiers of the remainder of the Estate.

 

		6.8	Not to overload the floor of the work area or the electrical installations or other services of
or to the work area.

 

		6.9	Not to keep on the work area any inflammable, explosive, dangerous or harmful substances, liquid
or gas and not to keep or place or permit to be kept or placed any goods or articles or property of the Licensee or its employees,
servants, agents or invitees outside the limits of the work area and not to obstruct any other part of the Estate.

 

		6.10	Not to do or permit to be done anything in the work area whereby any policy of insurance on the
Estate (including the work area) may become void or voidable or whereby the rate of the premium thereon may be increased and immediately
to repay on demand to the Grantor all expenses incurred by the Grantor in the renewal of any such policy rendered necessary by
a breach of this obligation and at all times to comply with all the requirements of the insurers of the Estate (including the work
area) when notified by the Grantor.

 

		6.11	At the expense of the Licensee, to comply with all the provisions and requirements of any present
or future Act of the Oireachtas and every order, regulation and bye-law made under or in pursuance of any such Act or by Local
or Other Authority in respect of the work area or the user of it or the person or any fixture or machinery, plant or chattels for
the time being in it and any regulations, permissions, directions, orders or bye-laws, building regulations and orders made under
such Acts and to indemnify the Grantor at all times against all proceedings, actions and costs, charges, claims, expenses, damages,
liabilities, losses and demands arising from any breach of this obligation and to maintain such suitable and serviceable fire fighting
equipment in the work area as may be specified by the Grantor whether in conformity with the requirements of the Local or Fire
Authorities or the Grantor’s insurers or otherwise.

 

		6.12	To indemnify and keep indemnified, the Grantor from and against all proceedings, actions, costs,
charges, claims,

 

    	(5)

    	 

    

  

expenses,
damages, liabilities, losses and demands in respect of any injury to or the death of any person (being employees, servants, agents,
invitees, licensees or the general public) and all damages to the property moveable or immoveable in or about the Estate (including
the work area) caused by or arising from any act, neglect or default of the Licensee or any employee, servant or agent or invitee
of the Licensee.

 

		6.13	To ensure to the satisfaction of the Grantor the Licensee’s own property and business risks
(including the obligations of the Licensee under this Licence) and in particular the following insurance shall be arranged:

 

		(A)	Public liability (minimum indemnity of 1.3 million Euro), said policy should be endorsed to indemnify
the Grantor as owner / developer of the property. Copy of the policy should be forwarded to the Grantor’s insurance agent
for perusal as soon as possible and not later than 30 days after the commencement of this Licence.

 

		(B)	The Licensee shall produce to the Grantor whenever required the policy or policies of such insurance
and the last receipt for payment of the premium due and in particular such policy or policies of insurance must be produced before
the occupation of the premises.

 

		6.14	To cease to employ at the work area at the request of the Grantor, any person whose conduct may
have proved detrimental to the good standing and orderly functioning of the Estate or to the comfort and well-being of other occupants
or visitors to the Estate.

 

		6.15	To observe and comply with and to cause its employees, servants, agents and invitee to observe
and comply with all requirements and regulations made from time to time by the Grantor with regard to the use and management of
the work area of the Estate and the common parts and the Estate roads and footpaths and the amenity areas (if any), including safety,
cleanliness, noise and other environmental matters and car parking access and loading requirements and regulations.

 

		6.16	Not to allow or permit any congestion or obstruction of any of the roadways, footpaths or car parking
area on the Estate

 

    	(6)

    	 

    

  

and
the Grantor accepts no responsibility or liability for any loss or damage to or theft of any motorcar or other vehicle, pedal or
motorbike or scooter parked on the Estate.

 

		6.17	To use or cause the employees, servants, agents and invitees of the Licensee to use the common
part of the Estate made available from time to time by the Grantor for use by the Licensee and other occupants of the Estate in
a careful and responsible manner.

 

		6.18	Not to make any alteration or addition to the work area and not to erect any sign or advertisement
in or upon the work area or elsewhere on the Estate without the prior written approval of the Grantor.

 

		6.19	To obtain the prior written approval of the Grantor before installing any plant, machinery, equipment
or processes in or on the work area.

 

		6.20	To permit the Grantor and all persons authorised by the Grantor on reasonable notice to enter at
all reasonable times for the purpose of inspecting the condition of the work area and at the Licensee’s expense to make good
all defects therein for which the Licensee is responsible pursuant to the foregoing provisions within one calendar month after
notice thereof shall have been given or left upon the said work area and if the Licensee shall make default in carrying out the
said repairs within the time aforesaid, it shall be lawful for the Grantor to enter upon the work area and to repair the same at
the expense of the Licensee in accordance with the provisions herein contained and the expense of such repairs shall be repaid
by the Licensee to the Grantor on demand.

 

		6.21	To allow the Grantor, its servants, agents and workmen, at all reasonable times and upon reasonable
notice to enter on the work area or any part thereof for the purpose of construction, laying down, altering, repairing, cleaning
and maintaining any sewers, gutters, drains, water pipes, electric wires or gas pipes in connection with or for the accommodation
of any adjoining or neighbouring property of the Grantor, making good any damage thereby caused and causing as little inconvenience
as possible thereby but without being under any liability to pay or allow compensation for any inconvenience or interruption of
business to the Licensee.

 

		6.22	The Grantor shall be entitled to immediate access to the work area in the event of an emergency
arising.

 

    	(7)

    	 

    

  

		6.23	Immediately upon termination of the Licensee’s right to use the work area, to remove all
the Licensee’s property from the work area and to leave the said work area in a clean and tidy conditions and to bear the
cost (if any) incurred by the Grantor in making good any damage caused in the course of the removal of the Licensee’s property,
and to ensure that the work area is returned to the Grantor in the same condition in which it was at the commencement of this Agreement.

 

		6.24	If the Licensee is an individual, he will personally be present and responsible for the management
of the work area and the business or activity of the Licensee conducted therein. Failing the same, the Licensee will nominate,
appoint and duly authorise as the Licensee’s agent, a manager who will be so responsibility and will give full particulars
in writing of such manager to the Grantor.

 

		6.25	Not to use the work area for the purposes of a temporary dwelling.

 

		6.26	Not to make any alterations or additions whatsoever to the work area or erect any hoarding or temporary
partitions without the previous written consent of the Grantor.

 

		6.27	Not to display or permit to be displayed any advertisement, bill, placard, notice or sign on any
external part of the Grantor’s premises or in the interior thereof, so as to be visible from the outside, without the prior
written consent of the Grantor.

 

Grantor’s
Obligations

 

		7.	The Grantor hereby agrees and undertakes :-

 

		7.1	To provide accommodation within the Estate for the work area in accordance with the terms hereof.

 

Termination

 

		8.	(a) This Licence will terminate at the expiration of the term hereby granted or as hereinafter
provided.

 

		(b)	This Licence shall terminate immediately:-

(i) If
the Licensee shall fail to pay the licence fee or any sums payable under the Licence within seven days of the due date; or

(ii) If
the Licensee is in breach of any of the obligations, agreements, terms of the Licence; or

(iii) If
the Licensee (being an individual) shall become bankrupt or shall have a receiving order made against

 

    	(8)

    	 

    

  

him
or shall make any assignment for the benefit of creditors or enter into an agreement or make any arrangement with creditors for
liquidation of debts by composition or statutory adjustment of liabilities or being a company shall suffer the appointment of a
receiver or shall have any order made or effective passed for its liquidation or if any of the property of the Licensee shall be
taken in execution or process of law; or

(iv)  If
the work area shall be unused for a period of four consecutive weeks; or

(v)      If
the work area shall become incapable of use through fire, destruction or any other reason beyond the control of the Grantor.

 

		9.	Any termination under any of the provisions contained within this clause shall not affect the rights
of action of the Grantor in respect of any breach of any of the obligations, agreements, terms and conditions of the Licensee contained
in this Licence and on termination the Licensee shall immediately vacate the work area and remove its stock, plant, machinery,
equipment and other property from the Estate provided, without prejudice to any other remedy for non-payment of any sums due, the
Grantor shall be entitled to exercise a right to detain such stock, plant, machinery, equipment and other property of the Licensee
in the Estate in respect of any monies due from the Licensee until such debt is paid.

 

Nature
of Licence

 

		10.	This Licence is personal to the Licensee and may not be transferred or otherwise disposed of and
for the avoidance of doubt, the Licensee may neither part with nor share possession or occupation of the work area or any part
of it nor grant a licence of the whole or any part of the work area to any other person or body.

 

		11.	Nothing in this Licence shall establish any partnership or joint venture between the Grantor and
the Licensee to be construed as creating a legal transfer or grant, exclusive possession to the Licensee or create any greater
interest in the Licensee than a Licence on the terms set out above AND the Licensee agrees not to impede in any way the Grantor
and its officers, employees, servants, agents, invitees and licensees in the exercise by them of the Grantor’s right of possession
and control of the whole of the Estate including the work area itself.

 

    	(9)

    	 

    

  

General
Provisions

 

		12.	(a) Any dispute arising between the Licensee and any other licensee or occupier (other than
the Grantor) of the remainder of the Estate as to any right or privilege in connection with the use of the work area or the remainder
of the Estate shall (if required by the Grantor but not otherwise), be determined by the Grantor whose decision shall be final
and binding on the Licensee.

 

(b) Any
Notice to be given or served under this Licence shall be sufficiently given or served if, in the case of notices given to the Licensee,
such notice is left on the work area and if, in the case of notices given to the Grantor, such notices sent by post to The Head
of Development, Athlone Institute of Technology, Dublin Road, Athlone, Co. Westmeath. Requirements and regulations made with regard
to the use or the management of the work area and the Estate and the common parts and the Estate roads, footpaths and amenity area
(if any) shall be sufficiently given if posted or pinned to a notice board within the Estate.

 

(c) The
Grantor reserves the right to relocate the Licensee to an alternative space during the period of the Licence subject to providing
the licensee with 1 calendar months notice in writing.

 

(d) The
Grantor accepts no responsibility for damage to any of the Licensee’s goods or equipment and it shall be the responsibility
of the Licensee to insure whatever goods and property are introduced by it into the Estate.

 

(e) Should
the Licensee remain in occupation of the property at the expiration of the period granted herein, it shall be bound to furnish
1 calendar months notice in writing to the Grantor of its intention to vacate the work area, and the Grantor shall also be entitled
to seek vacant possession of the work area by giving 1 calendar months notice in writing to the Licensee as hereinbefore provided.

 

(f) It
is understood and agreed between the Licensor and the Grantee that, notwithstanding the other provisions of this Licence,
the space provided to the Licencee in Units K103 and K106 is additional to the core research and development space provided
in Unit K111. Due to constraints on space within the Midlands Innovation and Research Centre, this additional space (K103 and
K106) may be withdrawn from the Licensee at any time at six weeks’ notice. Such an event will not affect the
Licensee’s tenancy of Unit K111
– other than to reduce the overall licence fee proportionately.

 

    	(10)

    	 

    

  

IN
WITNESS WHEREOF duly authorised signatory on behalf of the Grantor and the Licensee have signed their name the day and
year first herein written.

 

SIGNED
by, for and on behalf 

of
THE GRANTOR 

in
the presence of :-

 

SIGNED
by the 

LICENSEE 

in
the presence of :-

 

    	(11)

    	 

    

 

	 	Dated this 24th day of November 2008

 

	 	BETWEEN
	 	 	 
	 	 	ATHLONE INSTITUTE OF TECHNOLOGY
	 	 	 
	 	 	Grantor
	 	 	 
	 	 	- and -
	 	 	 
	 	 	INNOCOLL TECHNOLOGIES LIMITED
	 	 	 
	 	 	Licensee

 

	 	 
	 	LICENCE
	 	 

 

	 	KELLY CAULFIELD SHAW
	 	Solicitors
	 	1 Chapterhouse
	 	Friars Mill Road
	 	Mullingar
	 	Co. Westmeath
	 	(Ref: CK/AR)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}]]