Document:

EXCLUSIVE
DISTRIBUTION AND MARKETING AGREEMENT

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    INDEX

    

    
      
        	
                RECITALS

              	
                3

              
	
                DEFINITIONS

              	
                4

              
	
                AGREEMENT

              	
                5

              
	
                1.

              	
                Subject
      of Distribution and Marketing Agreement

              	
                5

              
	
                2.

              	
                Required
      Supplemental Agreements

              	
                5

              
	
                3.

              	
                Organization
      of Distribution and Assignment of Rights and Duties

              	
                6

              
	
                4.

              	
                Transfer
      of authority and Term of the Distribution and Marketing
      Agreement

              	
                7

              
	
                5.

              	
                Independent
      Entities

              	
                8

              
	
                6.

              	
                Expenses
      and third parties

              	
                8

              
	
                7.

              	
                Minimum
      sales requirements

              	
                8

              
	
                8.

              	
                Termination
      of the Distribution and Marketing Agreement

              	
                9

              
	
                9.

              	
                Appearance
      and marking of the Products

              	
                9

              
	
                10.

              	
                Standard
      terms of sale

              	
                10

              
	
                11.

              	
                Purchasing
      price, cost changes, and shipping conditions

              	
                10

              
	
                12.

              	
                Orders

              	
                11

              
	
                13.

              	
                Transfer
      of Products

              	
                11

              
	
                14.

              	
                Payments

              	
                11

              
	
                15.

              	
                Tendering
      technical information

              	
                11

              
	
                16.

              	
                Market
      research

              	
                12

              
	
                17.

              	
                Confidentiality

              	
                12

              
	
                18.

              	
                Technical
      Support

              	
                12

              
	
                19.

              	
                Warranties

              	
                12

              
	
                20.

              	
                Limitations
      on Liability; Indemnity

              	
                13

              
	
                21.

              	
                Force
      majeure

              	
                13

              
	
                22.

              	
                Bankruptcy

              	
                14

              
	
                23.

              	
                Amendments

              	
                14

              
	
                24.

              	
                Entire
      Agreement

              	
                14

              
	
                25.

              	
                Parties’
      legal remedies

              	
                14

              
	
                26.

              	
                Notices

              	
                14

              
	
                27.

              	
                Final
      provisions

              	
                15

              
	
                28.

              	
                Banking
      Information

              	
                15

              
	
                Signature
      Page

              	
                16

              
	
                List
      of Supplemental Agreement Exhibits:

              	
                16

              

      

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    RECITALS

    

    
      	
              a.

            	
              Whereas,
      Innovative Wireless Technologies, Inc. (formerly known as “Bayrock
      Ventures, Inc.”) a Delaware corporation (hereinafter referred to as the
      “Principal”) holds a leading position in the access to, and sale of,
      innovative products and
technologies;

            

    

    

    
      	
              b.

            	
              Whereas,
      MechTech, LLC, A California limited liability company (hereinafter
      referred to as the “Distributor”) works in advancing the development,
      marketing, sales, and licensing of products and technologies
      worldwide;

            

    

    

    
      	
              c.

            	
              Whereas,
      the Principal has secured intellectual property (hereinafter referred to
      as “IP”) required for the production of certain unique products and
      technologies (these products and technologies, together with the
      associated IP, are hereinafter referred to as the “Products”), which it
      desires to have promoted, licensed, and distributed
      effectively;

            

    

    

    
      	
              d.

            	
              Whereas,
      the Principal anticipates the need for long-term marketing efforts to be
      made to effectively establish sales channels for the
    Products;

            

    

    

    
      	
              e.

            	
              Whereas,
      the Principal desires to rely upon a sole distributor to organize sales,
      marketing, licensing and distribution
worldwide;

            

    

    

    
      	
              f.

            	
              Whereas,
      the Distributor has certain expertise in technology and has made
      contributions to the IP as well as to the Products in
    general;

            

    

    

    
      	
              g.

            	
              Whereas,
      the Distributor believes it has sufficient economic and technical
      background and methods to organize sales, marketing, licensing and
      distribution of the Products in such a way that all its obligations set
      forth in this Distribution and Marketing Agreement will be fulfilled. If
      the Distributor does not have sufficient experience in certain fields of
      activity, the Distributor will engage additional experts at the
      Distributor’s own expense; and

            

    

    

    
      	
              h.

            	
              Whereas,
      the Distributor wishes to sell the Products described below and the
      Principal will forward rights of sales, marketing, licensing and
      distribution for the Products (hereinafter referred to as the “Market
      Rights”) under conditions stipulated by terms of this Distribution and
      Marketing Agreement.

            

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    DEFINITIONS

    Distribution and Marketing
Agreement- means this Exclusive Distribution and Marketing Agreement
between the Principal and the Distributor.

    

    Distributor- means MechTech,
LLC, A California limited liability company.

    

    Effective Date- means the
commencement date of the Distribution and Marketing Agreement, August 6,
2010

    

    Initial Term- means the
initial seven year term of this Distribution and Marketing
Agreement.

    

    IP- means intellectual
property held by the Principal.

    

    Manufacturer- means any
manufacturer contracted by the Principal to manufacture a Product or some part
of a Product.

    

    Market- means all locations
where business may be conducted, worldwide.

    

    Market Rights- means rights of
sales, marketing, licensing and distribution.

    

    Material Breach- means a
failure, intentional or otherwise, to comply with the terms, conditions, and
requirements of this Distribution and Marketing Agreement and such failure would
have a material adverse effect on the business, assets, liabilities, financial
condition or operations of the non-breaching Party. The Distribution and
Marketing Agreement contains an implied covenant of good faith and fair dealing,
the failure of which, intentional or otherwise, shall constitute an actionable
Material Breach.

    

    Net Operating Income- means
operating income after operating expenses are deducted, but before income taxes
and interest are deducted.

    

    Parties- means the Principal
and the Distributor together.

    

    Principal- means Innovative
Wireless Technologies, Inc. (formerly known as “Bayrock Ventures, Inc.”), a
Delaware corporation.

    

    Products- means all of the
Principal’s products and technologies, as well as the associated
IP.

    

    Term- means the Initial Term
and any subsequent term of this Distribution and Marketing
Agreement.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    AGREEMENT

    

    This
Exclusive Distribution and Marketing Agreement (the “Distribution and Marketing
Agreement”) is made and entered into as of August 6, 2010 (the “Effective
Date”), by and between MechTech, LLC, A California
limited liability company (hereinafter referred to as the “Distributor”) and
Innovative Wireless
Technologies, Inc. (formerly known as “Bayrock Ventures, Inc.”) a
Delaware corporation (hereinafter referred to as the “Principal” and together
with the Distributor, the “Parties”).

    

    NOW,
THEREFORE, in consideration of the mutual promises and the covenants and
agreements contained herein and other good and valuable consideration the
receipt and sufficiency of which are hereby acknowledged, the Parties hereby
agree to the definitions set forth on page 4, and as follows:

    

    
      	
              1.

            	
              Subject
      of Distribution and Marketing
Agreement

            

    

    

    
      	
               
      

            	
              1.1.

            	
              The
      Principal grants the exclusive worldwide Market Rights for the Products to
      the Distributor, according to the terms and conditions of this
      Distribution and Marketing
Agreement.

            

    

    

    
      	
               
      

            	
              1.2.

            	
              No
      other party shall have an agreement with the Principal to buy, sell,
      license, or distribute the Products, except with the written consent of
      the Distributor.

            

    

    

    
      	
               
      

            	
              1.3.

            	
              The
      Products are listed in the supplemental Product Listing, Pricing and
      Minimum Sales Requirement Agreement. Such agreement shall be amended to
      include any other products the Principal will develop or acquire in the
      future, which shall then be included as Products. The terms of this
      Distribution and Marketing Agreement will apply equally to all
      Products.

            

    

    

    
      	
               
      

            	
              1.4.

            	
              Licensing
      terms for all Products are identified in the Licensing
      Agreement.

            

    

    

    
      	
               
      

            	
              1.5.

            	
              The
      Principal shall keep the Distributor informed about new Products in
      development, and the Distributor shall share its knowledge of the Market
      with the Principal to help make the Products as attractive as possible to
      third parties.

            

    

    

    
      	
               
      

            	
              1.6.

            	
              The
      Distribution and Marketing Agreement includes all ancillary agreements
      (the Supplemental Agreements), as set forth in Section 2
      below.

            

    

    

    
      	
              2.

            	
              Required
      Supplemental Agreements

            

    

    

    
      	
               
      

            	
              2.1.

            	
              The
      Principal will obtain for each Product to be sold pursuant to this
      Distribution and Marketing Agreement all necessary government licensing
      and customs approvals, at Principal’s cost. The Principal represents that
      the Products do not infringe on the intellectual property of third
      parties, and all necessary taxes and governmental fees shall have been
      paid by the Principal on such Products before the Distributor shall
      commence selling the Products. Additionally, prior to commencement of the
      sales period, the following required Supplemental Agreements must be
      reached:

            

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              2.2.

            	
              Licensing
      Agreement, substantially in the form attached hereto as Exhibit A (the
      “Licensing Agreement”);

            

    

    

    
      	
               
      

            	
              2.3.

            	
              Product
      Listing, Pricing and Minimum Sales Requirement Agreement, substantially in
      the form attached hereto as Exhibit B (the “Product Listing, Pricing and
      Minimum Sales Requirement
Agreement”);

            

    

    

    
      	
               
      

            	
              2.4.

            	
              Product
      Design and Supporting Documents Specifications Agreement, substantially in
      the form attached hereto as Exhibit C (the “Product Design and Supporting
      Documents Specifications
Agreement”);

            

    

    

    
      	
               
      

            	
              2.5.

            	
              Technical
      Support and Warranty Agreement, substantially in the form attached hereto
      as Exhibit D (the “Technical Support and Warranty
    Agreement”);

            

    

    

    
      	
               
      

            	
              2.6.

            	
              Non-Disclosure
      Agreement, substantially in the form attached hereto as Exhibit E (the
      “Non-Disclosure Agreement”); and

            

    

    

    
      	
               
      

            	
              2.7.

            	
              Shipping
      Agreement, substantially in the form attached hereto as Exhibit F (the
      “Shipping Agreement”).

            

    

    

    
      	
              3.

            	
              Organization
      of Distribution and Assignment of Rights and
  Duties

            

    

    

    
      	
               
      

            	
              3.1.

            	
              The
      Distributor shall have the sole discretion to organize distribution of the
      Products within the Market as well as appoint necessary distributors,
      sub-distributors, dealers, wholesalers, etc., and assign rights and duties
      to such Parties according to the terms of this Distribution and Marketing
      Agreement.

            

    

    

    
      	
               
      

            	
              3.2.

            	
              The
      Distributor shall make reasonable efforts to keep the Principal informed
      of any contract negotiations with third parties concerning exclusive
      rights.

            

    

    

    
      	
               
      

            	
              3.3.

            	
              This
      Distribution and Marketing Agreement sets forth certain terms for third
      parties desiring to act as distributors, sub-distributors, dealers,
      wholesalers, etc. Such terms include minimum sales requirements,
      volume-pricing levels, etc. If a third party proposes to enter into a
      distribution agreement or sales contract with the Distributor involving
      terms that do not conform to such standards but are nevertheless
      attractive, the Distributor will notify the Principal of the
      offer.  Together, the Distributor and Principal will agree to
      accept or reject the third party’s offer. If such an offer is to be
      accepted, the Principal and the Distributor shall make any necessary
      amendments to this Distribution and Marketing Agreement to allow the
      Distributor to enter into such an
agreement.

            

    

    

    
      	
               
      

            	
              3.4.

            	
              The
      Principal will receive a copy of each distribution agreements or sales
      contracts signed between the Distributor and any third parties, once it
      has been finalized.

            

    

    

    
      	
               
      

            	
              3.5.

            	
              Any
      third party desiring an exclusive right for a Product or range of products
      may be required by the Distributor to pay an upfront fee in exchange for
      that right. This upfront fee would be in addition to any amounts paid for
      Products. If in the Distributor’s sole discretion such fees are necessary
      and are paid, such fees shall be shared between the Distributor and the
      Principal according to the following
  percentages:

            

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              a)

            	
              In
      the first year, [*********************]1 to the Distributor,
      and [*************] to the Principal until Distributor has received an
      aggregate of [*********************] with respect to such fees.
      Thereafter, the fee split shall be: [*************] to the Distributor,
      and [*****************] to the
Principal.

            

    

    
      	
               
      

            	
              b)

            	
              In
      the second year, [*************] to the Distributor, and [*************]
      to the Principal until Distributor has received an aggregate of
      [*************] with respect to such fees. Thereafter, the fee split shall
      be: [*************] to the Distributor, and [*************] to the
      Principal.

            

    

    
      	
               
      

            	
              c)

            	
              In
      the third year and every year thereafter, [*************] to the
      Distributor, and [*************] to the
  Principal.

            

    

    

    The
Principal agrees that the Distributor should share in such upfront fees, to help
cover marketing costs and to encourage the Distributor to aggressively pursue
such distribution agreements or sales contracts. Since costs are currently
unknown and may be subject to change, the schedule and percentages set forth in
3.5a, 3.5b, 3.5c shall be reviewed on an annual basis and may be adjusted with
the written agreement of both Parties.

    

    
      	
              4.

            	
              Transfer
      of authority and Term of the Distribution and Marketing
      Agreement

            

    

    

    
      	
               
      

            	
              4.1.

            	
              This
      Distribution and Marketing Agreement may not be transferred or assigned by
      the Distributor without the prior written consent of the Principal;
      provided, however, that the Distributor shall be permitted to assign this
      Distribution and Marketing Agreement to any entity that the Distributor
      directly or indirectly controls, or is under common control with the
      Distributor without such consent.

            

    

    

    
      	
               
      

            	
              4.2.

            	
              If
      Pavel Alpatov intends to, or he is aware that Sergei Mironichev intends
      to, either to sell more than fifty percent (50%) of his individual shares
      of the Principal, or to withdraw from full-time, active involvement in the
      Principal, he shall notify the Distributor within 30 days of such
      decision.  Pavel Alpatov agrees and acknowledges that any such a
      transfer or withdrawal by himself may not be consummated until not less
      than 90 days after actual receipt of notice by the
      Distributor.

            

    

    

    
      	
               
      

            	
              4.3.

            	
              Any
      transfer or assignment of the Distribution and Marketing Agreement will
      not extend or alter the sales period or change the terms of the
      Distribution and Marketing Agreement, without the prior written agreement
      of the Parties.

            

    

    

    
      	
               
      

            	
              4.4.

            	
              The
      Distribution and Marketing Agreement will begin on the Effective Date and
      will continue for a seven (7) year period (the “Initial
      Term”).  Provided that the Distributor complies with the terms
      of this Distribution and Marketing Agreement, the Principal agrees that
      the Distributor shall have the option to renew this Distribution and
      Marketing Agreement for an additional seven-year period (the Initial Term
      and any extension thereof are collectively referred to herein as the
      “Term”).

            

    

    
       

      
        

      

      1
Confidential Treatment has been requested with respect to the information
contained in the [***] marking.  Such portions have been omitted from
the filing and have been filed separately with the Securities and Exchange
Commisison.

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              4.5.

            	
              In
      the event of a Material Breach of this Distribution and Marketing
      Agreement by either Party, the non-breaching Party may terminate this
      Distribution and Marketing Agreement by giving the breaching Party written
      notice; provided, however that such termination shall only be effective if
      the breaching party fails to cure such breach within ninety (90) days of
      receiving notice of the existence
thereof.

            

    

    

    
      	
              5.

            	
              Independent
      Entities

            

    

    

    
      	
               
      

            	
              5.1.

            	
              The
      Distributor shall accurately represent itself as an independent business
      entity with all the rights and duties established by this Distribution and
      Marketing Agreement. The Distributor is not an employee of the Principal.
      The Distributor shall not falsely claim to represent the Principal or any
      manufacturer of the Products (a
“Manufacturer”).

            

    

    

    
      	
               
      

            	
              5.2.

            	
              No
      Manufacturer or the Principal is liable for any independent decisions or
      statements made by the Distributor. The Manufacturers and the Principal
      shall not be required to sign contracts with third parties or fulfill any
      obligations with third parties beyond what is set forth in this
      Distribution and Marketing
Agreement.

            

    

    

    
      	
              6.

            	
              Expenses
      and third parties

            

    

    

    
      	
               
      

            	
              6.1.

            	
              All
      expenses, liabilities, and costs of the Distributor associated with its
      obligations under the Distribution and Marketing Agreement and its
      activities are imposed on the Distributor in full and shall be the
      Distributor’s sole responsibility.

            

    

    

    
      	
               
      

            	
              6.2.

            	
              All
      expenses, liabilities, and costs of the Principal associated with its
      obligations under the Distribution and Marketing Agreement and its
      activities are imposed on the Principal in full and shall be the
      Principal’s sole responsibility.

            

    

    

    
      	
               
      

            	
              6.3.

            	
              Unless
      stipulated otherwise in the Distribution and Marketing Agreement, there is
      no liability for either Party with respect to unforeseen obligations, and
      the Principal shall not grant any guarantee to any of the third parties
      involved by the Distributor to fulfill obligations of the Distribution and
      Marketing Agreement except as herein
provided.

            

    

    

    
      	
               
      

            	
              6.4.

            	
              The
      Principal shall have the sole discretion to obtain required transport for
      means of transportation of the Products as well as insurance and legal
      services for required legal needs and insurance coverage. The Distributor
      shall not perform or contract export and import operations. The Principal
      shall contract technical support companies for means of providing required
      technical support.

            

    

    

    
      	
              7.

            	
              Minimum
      sales requirements

            

    

    

    
      	
               
      

            	
              7.1.

            	
              The
      Distributor shall endeavor to maximize sales of Products. Recognizing that
      it will take time to build demand in the market and form effective sales
      channels, the Principal shall not impose any specific performance
      benchmarks for the Distributor during the Term of this Distribution and
      Marketing Agreement.

            

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              7.2.

            	
              During
      the Term of this Distribution and Marketing Agreement, third parties such
      as distributors, dealers, wholesalers, etc. desiring to buy the Products
      at volume-pricing levels shall sign sales contracts with the Distributor.
      (See Section 11.3 for more
details.)

            

    

    

    
      	
               
      

            	
              7.3.

            	
              If
      a third party engaged in a sales contract fails to make the required
      minimum sales specified by its contract, the Distributor shall reserve the
      right to revoke any sales or distribution rights granted and collect any
      penalties due under the terms of that contract. Penalty amounts less than
      or equal to the costs of collection shall be retained by the Distributor.
      Penalty amounts exceeding the costs of collection shall be shared between
      the Principal and the Distributor, with [******************]2 paid to the
      Principal and [******************] paid to the
  Distributor.

            

    

    

    
      	
               
      

            	
              7.4.

            	
              Revocation
      of any third parties’ sales contracts will not affect the Distributor’s
      Market Rights, provided the Distributor has not breached the terms of this
      Distribution and Marketing
Agreement.

            

    

    

    
      	
               
      

            	
              7.5.

            	
              If
      the contract rights of any third party are to be revoked because of a
      failure to meet minimum sales requirements, written notice shall be given
      by the Distributor to the Principal fifteen (15) days in
      advance.

            

    

    

    
      	
              8.

            	
              Termination
      of the Distribution and Marketing
Agreement

            

    

    

    
      	
               
      

            	
              8.1.

            	
              Termination
      of this Distribution and Marketing Agreement for any reason shall not
      negate payment obligations of the Parties as set forth herein. The Parties
      will pay, within ninety (90) days after the effective date of termination,
      all amounts owing to each other prior to the termination
    date.

            

    

    

    
      	
               
      

            	
              8.2.

            	
              Upon
      termination of this Distribution and Marketing Agreement, the Distributor
      shall not sign any new sales contracts or represent themselves as current
      Distributors of the Products.

            

    

    

    
      	
              9.

            	
              Appearance
      and marking of the Products

            

    

    

    
      	
               
      

            	
              9.1.

            	
              The
      Principal is responsible for the production of the Products as well as
      costs associated with the Products’ designs, packaging, language
      interfaces, and manuals in accordance with industry standards in the
      Market. The Distributor and the Principal shall enter into the Product
      Design and Supporting Documents Specifications Agreement, establishing the
      required design and packaging characteristics. Such agreement shall be
      amended to include any other products the Principal will develop or
      acquire in the future, which shall then be included as
      Products.

            

    

    

      

    
      2
Confidential Treatment has been requested with respect to the information
contained in the [***] marking.  Such portions have been omitted from
the filing and have been filed separately with the Securities and Exchange
Commisison.

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    
      	
              10.

            	
              Standard
      terms of sale

            

    

    

    
      	
            	
              10.1.

            	
              The
      terms of sale of the Products are regulated by this Distribution and
      Marketing Agreement and the Supplemental Agreements, including, but not
      limited to, the Product Listing, Pricing and Minimum Sales Requirement
      Agreement and the Shipping
Agreement.

            

    

    

    
      	
              11.

            	
              Purchasing
      price, cost changes, and shipping
conditions

            

    

    

    
      	
            	
              11.1.

            	
              The
      Distributor shall use commercially reasonable efforts to acquire the most
      favorable sales terms from third parties including with respect to Product
      price, sales quantity, terms of payment and terms of
    shipment.

            

    

    

    
      	
            	
              11.2.

            	
              The
      price paid for each Product with respect to the volume of an order is
      determined by both Parties in the Product Listing, Pricing and Minimum
      Sales Requirement Agreement.

            

    

    

    
      	
            	
              11.3.

            	
              Third
      parties engaged in distribution or sales shall be obligated to buy
      Products at the volume-pricing levels set forth in the Product Listing,
      Pricing and Minimum Sales Requirement
Agreement.

            

    

    

    
      	
            	
              11.4.

            	
              The
      Parties’ costs (including but not limited to marketing, shipping,
      insurance, legal, production and service costs) are unknown at this time,
      and may vary during the Term. The Parties desire to establish pricing
      levels and percentages which are reasonable and profitable for both the
      Principal and Distributor. Specifically, the financial objective is to
      split of the Net Operating Income from Product sales in such a way that
      [**********]3 goes to the
      Distributor and [**********] goes to the Principal. With this aim in mind,
      the Parties agree:

            

    

    
      	
               
      

            	
              a)

            	
              For
      the purpose of starting sales of the Products, the Parties will set
      initial Product pricing levels for third parties in the Product Listing,
      Pricing and Minimum Sales Requirement Agreement. Amendments to Product
      pricing levels shall apply to all future contracts with third parties, but
      will not change the Product pricing in any current contract with a third
      party unless the contract provides for such a
  change.

            

    

    
      	
               
      

            	
              b)

            	
              Because
      many costs are unknown at this time, the Parties agree to review the
      pricing levels established in 11.4a and the percentage rate established in
      11.4c and the relevant costs on a quarterly basis for the first year and
      at least a semiannual basis in the second year. For the remainder of the
      Term, a review shall occur on at least an annual basis. Any adjustments to
      the pricing levels or the percentage rate will be set forth in amendments
      to the Product Listing, Pricing and Minimum Sales Requirement
      Agreement.

            

    

    
      	
               
      

            	
              c)

            	
              Until
      a review of costs is completed, the price paid by the Distributor to the
      Principal for each Product shall be [**********] of the Product price paid
      to and received by the Distributor from third
  parties.

            

    

     

    
      
        

      

      3
Confidential Treatment has been requested with respect to the information
contained in the [***] marking.  Such portions have been omitted from
the filing and have been filed separately with the Securities and Exchange
Commisison.

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              d)

            	
              The
      percentage rate established in 11.4c may be adjusted only if both Parties
      agree. Any such adjustment shall reflect the principle in 11.4 and be
      based on a review of costs, and Parties shall agree regarding what costs
      should be included or excluded for the purposes of the
      adjustment.

            

    

    

    
      	
            	
              11.5.

            	
              Time
      conditions of shipping shall be determined by both Parties and shall be
      set forth in the Shipping Agreement for each Product and according to
      order specification.

            

    

    

    
      	
              12.

            	
              Orders

            

    

    

    
      	
            	
              12.1.

            	
              All
      orders will be forwarded to the Principal in written form. Every such
      order should have information sufficient to determine the type of the
      Product. The Principal shall confirm an order in written form within five
      (5) business days from date of receipt of order. The Distributor may
      cancel the order within forty-eight (48) hours after receiving notice of
      the delivery date if the date is not reasonably acceptable to the
      Distributor. Time expectations for shipping will be established in the
      Shipping Agreement.

            

    

    

    
      	
              13.

            	
              Transfer
      of Products

            

    

    

    
      	
            	
              13.1.

            	
              The
      Products shall be transferred to the Distributor by the Principal at a
      mutually agreed-upon location. Such delivery terms shall be set forth the
      Shipping Agreement.

            

    

    

    
      	
            	
              13.2.

            	
              Title
      and risk of loss will transfer when delivery is made at the agreed-upon
      location.

            

    

    

    
      	
            	
              13.3.

            	
              When
      warranty services (as described in Section 20) are being applied, the cost
      of transportation shall be paid pursuant to the terms set forth in the
      Technical Support and Warranty
Agreement.

            

    

    

    
      	
              14.

            	
              Payments

            

    

    

    
      	
            	
              14.1.

            	
              Payments
      for the Products shall be made according to the terms set forth in the
      Product Pricing Agreement and the Shipping
  Agreement.

            

    

    

    
      	
              15.

            	
              Tendering
      technical information

            

    

    

    
      	
            	
              15.1.

            	
              The
      Principal shall provide the Distributor with any documents concerning the
      Products as well as any documents necessary for sales within the Market
      requested by the Distributor, without cost to the
    Distributor.

            

    

    

    
      	
            	
              15.2.

            	
              The
      Principal shall, without prior request from the Distributor, tender any
      new technical information such as performance charts and new functions of
      all products according to Product Specification to the
      Distributor.

            

    

    

    
      	
            	
              15.3.

            	
              The
      Principal shall inform the Distributor no less than ninety (90) calendar
      days in advance of any planned changes in any performance of the Products.
      Such changes may apply to future sales of the Products, but will not apply
      to any current sales or distribution contract for the Products unless the
      contract provides for such a change. Changes that may materially affect
      current contracts with third parties must be agreed upon by both the
      Principal and the Distributor prior to implementation in
      shipments.

            

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    
      	
            	
              15.4.

            	
              All
      changes in performance or function of the Products must conform to
      previous standards so as to avoid breaching contracts with third parties.
      In the event of nonconforming changes to Products that have existing
      contractual agreements with third parties, Principal must request approval
      from the Distributor who will request approval from the third parties
      before implementing any changes that could breach any
      contract.

            

    

    

    
      	
              16.

            	
              Market
      research

            

    

    

    
      	
            	
              16.1.

            	
              The
      Distributor agrees to share market research information with the Principal
      about the market conditions and actions taken by possible competitors. If
      necessary, the Distributor shall provide the Principal with general
      brochures and or photographs of competing
  products.

            

    

    

    
      	
            	
              16.2.

            	
              With
      respect to the information set forth in Section 17.1 above, the
      Distributor shall report to the Principal every quarter.  In
      special cases where intervention may be required, the Distributor shall
      promptly provide additional information to the Principal at the
      Principal’s expense.

            

    

    

    
      	
              17.

            	
              Confidentiality

            

    

    

    
      	
            	
              17.1.

            	
              Parties
      shall enter into the Non-Disclosure Agreement which will contain
      definitions of the confidential information, its value and the
      responsibility of the Parties for
  non-disclosure.

            

    

    

    
      	
              18.

            	
              Technical
      Support

            

    

    

    
      	
            	
              18.1.

            	
              The
      Principal shall provide required technical expertise within the Market by
      creating and maintaining a Service Center (as defined in
      the  Technical Support and Warranty Agreement) and will be
      responsible for training and consulting Service Center employees (as well
      as distance training).  The details of this arrangement shall be
      set forth in the Technical Support and Warranty Agreement between the
      Distributor and the Principal.

            

    

    

    
      	
              19.

            	
              Warranties

            

    

    

    
      	
            	
              19.1.

            	
              The
      Products shall conform to technical conditions, functionality, technical
      requirements and be in accordance with all agreed-upon standards. The
      Principal shall provide a warranty for each Product or range of Products
      as set forth in the Technical Support and Warranty
    Agreement.

            

    

    

    
      	
            	
              19.2.

            	
              In
      any case, the Distributor will not be liable for costs involved in
      fulfilling warranty services, provided that the Distributor has not
      promised third parties more than what the Principal has promised
      hereunder. Furthermore, any obligations of warranty that the Distributor
      may have under the law, whether anticipated or unanticipated, shall be
      paid for by the Principal.

            

    

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    
      	
            	
              19.3.

            	
              In
      the event of defective Product, customers must seek remedy through the
      Principal’s Service Center. If the Service Center determines the Product
      to be defective, it will repair or replace it at no charge during the
      warranty period. If the Product warranty has expired, the customer will
      need to cover the cost of Product repair or
  replacement.

            

    

    

    
      	
            	
              19.4.

            	
              With
      respect to Products forwarded to the Distributor by the Principal which do
      not meet specifications, the Distributor shall have the following
      options:

            

    

    

    
      	
               
      

            	
              ·

            	
              The
      Principal can immediately replace the Products, which do not meet the
      complete Product requirements with Products that do meet such
      requirements; or

            

    

    

    
      	
               
      

            	
              ·

            	
              The
      Distributor may choose to accept the delivered
  products.

            

    

    

    
      	
            	
              19.5.

            	
              Products
      are considered accepted if the Distributor does not inform the Principal
      of its refusal to accept such Products within thirty (30) calendar days
      from receipt of the defective Products. Failure to inform the Principal of
      refusal to accept the Products does not negate the warranty
      period.

            

    

    

    
      	
              20.

            	
              Limitations
      on Liability; Indemnity

            

    

    

    
      	
            	
              20.1.

            	
              The
      Distributor shall not forward any warranty to third parties other than the
      Principal’s warranty stipulated by the Distribution and Marketing
      Agreement. The Principal shall not be liable for any warranty obligations
      set by the Distributor which exceed or differ from the Principal’s
      warranty. After the expiration of the warranty period, technical support
      will be available to customers as a fee
service.

            

    

    

    
      	
            	
              20.2.

            	
              In
      the event that the Distribution and Marketing Agreement is terminated, the
      Distributor will not be responsible for further support for the
      Product(s).

            

    

    

    
      	
            	
              20.3.

            	
              Each
      Party shall provide a certificate of insurance for product liability,
      insured accidents, protection of incorporeal rights within the Market, and
      related coverage with the Manufacturer, Principal, and Distributor as
      named insured on the policy within the
Market.

            

    

    

    
      	
            	
              20.4.

            	
              The
      Principal shall indemnify the Distributor in the event the Distributor is
      sued for patent infringement, product liability, warranty, negligence or
      any other reason related to the
Products.

            

    

    

    
      	
              21.

            	
              Force
      majeure

            

    

    

    
      	
            	
              21.1.

            	
              Neither
      the Principal nor the Distributor and shall be liable for delay of
      delivery of the Products or any of its components in the order due to
      force majeure, including natural disasters, fire, damage, military
      occupation, energy crisis, legal restriction, war, civil unrest, national
      prohibition, and other events which cannot be foreseen by the
      Parties.

            

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    
      	
              22.

            	
              Bankruptcy

            

    

    

    
      	
            	
              22.1.

            	
              In
      addition to the right of the Principal to terminate this Distribution
      Agreement as set forth above, either Party have the right to terminate
      this Distribution Agreement by written notification to such Party in cases
      of insolvency, liquidation or bankruptcy of the other
    Party.

            

    

    

    
      	
              23.

            	
              Amendments

            

    

    

    
      	
            	
              23.1.

            	
              Alterations
      or amendments to the Distribution and Marketing Agreement will be
      effective only if all named Parties agree and they are in written
      form.

            

    

    

    
      	
              24.

            	
              Entire
      Agreement

            

    

    

    
      	
            	
              24.1.

            	
              This
      Distribution and Marketing Agreement, combined with the Supplemental
      Agreements, Appendices and any Exhibits referenced herein, constitutes the
      entire agreement between the Parties in connection with the subject matter
      of the Distribution and Marketing Agreement, and it incorporates, replaces
      and supersedes all prior agreements, promises, proposals, representations,
      understandings and negotiations, written or
not.

            

    

    

    
      	
              25.

            	
              Parties’
      legal remedies

            

    

    

    
      	
            	
              25.1.

            	
              The
      Principal and the Distributor shall agree about the measures which should
      be taken in the Market against imitation of the Products or against bona
      fide competition.

            

    

    

    
      	
            	
              25.2.

            	
              The
      Principal reserves the right, in its sole and absolute discretion, to make
      decisions about pursuing any claims and protecting its right against any
      third party that may infringe on its rights, and the responsibility and
      costs thereof shall be the Principal’s. The Distributor retains its rights
      to take measures to protect its interests at its own
  cost.

            

    

    

    
      	
            	
              25.3.

            	
              Any
      dispute or claim hereunder between the named Parties shall be resolved by
      binding arbitration before the American Arbitration Association in San
      Diego, California under the laws of the State of California. This shall be
      the exclusive remedy between the Parties, and both parties hereby give up
      any rights to trial by jury, court, appeal, or any other judicial
      mechanism for resolving disputes.

            

    

    

    
      	
              26.

            	
              Notices

            

    

    

    
      	
            	
              26.1.

            	
              All
      notices under this Distribution and Marketing Agreement should be
      delivered by email or sent by fax to the following
    addresses:

            

    

    

    Distributor:

    MechTech,
LLC

    Address:
P.O. Box 7103, Rancho Santa Fe, CA 92067

    Email:
mechling@gmail.com

    Fax:
(858) 777-3426

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    Principal:

    Innovative
Wireless Technologies, Inc.

    Address:
306 N. West El Norte Pkwy, Escondido, CA 92026

    Email:
palpatov@mail.ru

    Fax:

    

    
      	
            	
              26.2.

            	
              The
      Parties shall exchange corporate addresses and bank information (bank
      name, address, account number and wiring information) as requested in
      Section 29 below. If addresses and or banking details are altered, Parties
      shall officially inform each other in a timely
  manner.

            

    

    

    
      	
              27.

            	
              Final
      provisions

            

    

    

    
      	
            	
              27.1.

            	
              Each
      Party shall execute two identical copies of this Distribution and
      Marketing Agreement in English (one for each
  Party).

            

    

    

    
      	
            	
              27.2.

            	
              Each
      party may make copies and translations of the Distribution and Marketing
      Agreement for its needs but only the copies of the Distribution and
      Marketing Agreement which have been signed by the Parties’ own hand are
      considered authentic.

            

    

    

    
      	
            	
              27.3.

            	
              This
      Distribution Agreement may be executed in one or more counterparts, each
      of which shall be deemed an original but all of which together will
      constitute one and the same
instrument.

            

    

    

    
      	
              28.

            	
              Banking
      Information

            

    

    

    
      	
            	
              28.1.

            	
              The
      Parties will provide up-to-date bank information (bank name, address,
      account number and wiring information) necessary to do business with each
      other.

            

    

    

    [Signature
page to follow]

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    Signature
Page

    IN
WITNESS WHEREOF, the parties have executed or caused this Distribution Agreement
to be executed as of the Effective Date set forth above.

     

    
      
        	
                Distributor:

              	 
      	
                Principal:

              
	 
      	 
      	 
      
	
                MechTech,
      LLC

              	 
      	
                Innovative
      Wireless Technologies, Inc.

              
	 
      	 
      	 
      
	
                By:

              	 
      	
                By:

              
	 
      	 
      	 
      
	
                /s/ Nicholas D. Mechling

              	 
      	
                /s/ Pavel Alpatov

              
	
                Nicholas
      D. Mechling,

              	 
      	
                Pavel
      Alpatov

              
	
                Chief
      Executive Officer

              	 
      	
                Chief
      Executive Officer

              
	 
      	 
      	 
      
	
                And:

              	 
      	 
      
	 
      	 
      	 
      
	
                /s/ Christopher D. Mechling

              	 
      	 
      
	
                Christopher
      D. Mechling,

              	 
      	 
      
	
                Chief
      Operating Officer

              	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	
                /s/ Pavel Alpatov

              
	 
      	 
      	
                Pavel
      Alpatov, individually

              

      

    

    

    List
of Supplemental Agreement Exhibits:

    

    
      	
              Exhibit
      A:

            	
              Licensing
      Agreement

            
	
              Exhibit
      B:

            	
              Product
      Listing, Pricing and Minimum Sales Requirement
Agreement

            
	
              Exhibit
      C:

            	
              Product
      Design and Supporting Documents Specifications
Agreement

            
	
              Exhibit
      D:

            	
              Technical
      Support and Warranty Agreement

            
	
              Exhibit
      E:

            	
              Non-Disclosure
      Agreement

            
	
              Exhibit
      F:

            	
              Shipping
      Agreement

            

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    EXHIBIT
A

    

    LICENSING
AGREEMENT

    

    This
Licensing Agreement is made and entered into as of August 6, 2010 (the
“Effective Date”), by and between MechTech, LLC, A California
limited liability company and Innovative Wireless Technologies,
Inc. (formerly known as “Bayrock Ventures, Inc.”) a Delaware corporation
(together with the MechTech, hereinafter referred to as the
“Parties”).

    

    The
purpose of this document is to supplement the Exclusive Distribution and
Marketing Agreement between MechTech, LLC and Innovative Wireless Technologies,
Inc., in which exclusive Market Rights for the Products were granted to
MechTech, LLC.

    

    The
Parties agree to add licensing terms for third parties to this agreement over
time and as needed. Not as limitation but for example, the Parties will agree on
end-user licensing terms, OEM licensing terms, developer licensing terms,
etc.

    

    MechTech,
LLC, shall not give any right to third parties that exceeds the licensing terms
set forth in this Licensing Agreement.

    

    In Witness
Whereof, the parties hereto have executed this Licensing Agreement as
of the date set forth in the first paragraph hereof.

    

    
      
        	
                MechTech,
      LLC

              	 
      	
                Innovative
      Wireless Technologies, Inc.

              
	 
      	 
      	 
      
	
                By:

              	 
      	
                By:

              
	 
      	 
      	 
      
	
                /s/ Nicholas D. Mechling

              	 
      	
                /s/ Pavel Alpatov

              
	
                Nicholas
      D. Mechling,

              	 
      	
                Pavel
      Alpatov

              
	
                Chief
      Executive Officer

              	 
      	
                Chief
      Executive Officer

              
	 
      	 
      	 
      
	
                And:

              	 
      	 
      
	 
      	 
      	 
      
	
                /s/ Christopher D. Mechling

              	 
      	 
      
	
                Christopher
      D. Mechling,

              	 
      	 
      
	
                Chief
      Operating Officer

              	 
      	 
      

      

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    EXHIBIT
B

    

    PRODUCT
LISTING, PRICING AND MINIMUM SALES REQUIREMENT AGREEMENT

    

    This
Product Listing, Pricing and Minimum Sales Requirement Agreement is made and
entered into as of August 6, 2010 (the “Effective Date”), by and between MechTech, LLC, A California
limited liability company and Innovative Wireless Technologies,
Inc. (formerly known as “Bayrock Ventures, Inc.”) a Delaware corporation
(together with the MechTech, hereinafter referred to as the
“Parties”).

    

    The
purpose of this document is to supplement the Exclusive Distribution and
Marketing Agreement between MechTech, LLC and Innovative Wireless Technologies,
Inc., in which exclusive Market Rights for the Products were granted to
MechTech, LLC.

    

    This
Product Listing, Pricing and Minimum Sales Requirement Agreement shall be
regularly updated to include the Principal's full range of
Products.

    

    Any
changes to the pricing of Products or to minimum sales requirements for third
parties under this agreement shall require the written consent of both Parties.
The parties agree to review Product pricing levels and also fix minimum
sales  requirements for third parties seeking exclusive rights after a
period of research.

    

    In Witness
Whereof, the parties hereto have executed this Product Listing, Pricing
and Minimum Sales Requirement Agreement as of the date set forth in the first
paragraph hereof.

    

    
      
        	
                MechTech,
      LLC

              	 
      	
                Innovative
      Wireless Technologies, Inc.

              
	 
      	 
      	 
      
	
                By:

              	 
      	
                By:

              
	 
      	 
      	 
      
	
                /s/ Nicholas D. Mechling

              	 
      	
                /s/ Pavel Alpatov

              
	
                Nicholas
      D. Mechling,

              	 
      	
                Pavel
      Alpatov

              
	
                Chief
      Executive Officer

              	 
      	
                Chief
      Executive Officer

              
	 
      	 
      	 
      
	
                And:

              	 
      	 
      
	 
      	 
      	 
      
	
                /s/ Christopher D. Mechling

              	 
      	 
      
	
                Christopher
      D. Mechling,

              	 
      	 
      
	
                Chief
      Operating Officer

              	 
      	 
      

      

    

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

     

    Product Listing, Pricing and
Minimum Sales Requirement Agreement Exhibit B.A1

     

    IP
Listing

    Below is
a list of current IP. Whenever the Principal acquires further IP, it will be
added to this agreement.

    

    
      
        	
                PATENTS

              	 
      	
                Application No.

              	 
      	
                Filing Date

              
	
                [**********]4

              	 
      	
                [**********]

              	 
      	
                [**********]

              
	
                [**********]

              	 
      	
                [**********]

              	 
      	
                [**********]

              
	
                [**********]

              	 
      	
                [**********]

              	 
      	
                [**********]

              
	
                [**********]

              	 
      	
                [**********]

              	 
      	
                [**********]

              
	
                [**********]

              	 
      	
                [**********]

              	 
      	
                [**********]

              
	
                [**********]

              	 
      	
                [**********]

              	 
      	
                [**********]

              
	
                [**********]

              	 
      	
                [**********]

              	 
      	
                [**********]

              
	
                [**********]

              	 
      	
                [**********]

              	 
      	
                [**********]

              
	
                [**********]

              	 
      	
                [**********]

              	 
      	
                [**********]

              
	 
      	 
      	 
      	 
      	 
      
	
                TRADEMARKS

              	 
      	 
      	 
      	 
      
	
                “IWT”

              	 
      	
                85/006,796

              	 
      	
                April
      5, 2010

              
	
                “IWT”
      (stylized and/or with design)

              	 
      	
                85/006,806

              	 
      	
                April
      5, 2010

              
	
                “INNOVATIVE
      WIRELESS TECHNOLOGIES”

              	
                  

              	
                85/006,807

              	
                  

              	
                April
      5, 2010

              

      

    

     

    
      

      4
Confidential Treatment has been requested with respect to the information
contained in the [***] marking.  Such portions have been omitted from
the filing and have been filed separately with the Securities and Exchange
Commisison.

    

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    Product Listing, Pricing and
Minimum Sales Requirement Agreement Exhibit B.A2

     

    Current
Product Listing

    Below is
a list of Products currently available for sale. Whenever the Principal finishes
development of another Product, it will be added to this agreement.

    

    
      
        
          	
                  PRODUCTS

                
	
                  Smart Tactical Light Products

                  ST
      WML

                  Wireless
      Retrofit End-Cap for Incandescent and Xenon Tactical Lights

                      

                  Smart Battery
      Products

                  Smart
      Battery Wireless Remote Retrofit System (SB WRRS) for Night Vision
      Scopes

                

        

      

    

     

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

     

    Product Listing, Pricing and
Minimum Sales Requirement Agreement Exhibit B.A3

     

    Product
Pricing

     

    Pricing
below is for reference and the Distributor will not sell Products for less than
[***]5 of the retail
pricing or [***] of the Dealer pricing below without notification to Principal.
The initial cost of the product to the Distributor will be [***] of the sale
price and may be subject to change during the course of the Term according to
the terms of Section 11.4 of the Distribution and Marketing
Agreement.

    

    
      	
              Product Name

            	 
      	
              Retail

            	 
      	
              Dealer

            
	 
      	 
      	 
      	 
      	 
      
	
              ST
      WML

              (without
      Throw Lever Mount or IR head)

            	 
      	
              [***]

            	 
      	
              [***]

            
	 
      	 
      	 
      	 
      	 
      
	
              ST
      WML Throw Lever

              (without
      IR head)

            	 
      	
              [***]

            	 
      	
              [***]

            
	 
      	 
      	 
      	 
      	 
      
	
              ST
      WML Throw Lever with IR

            	 
      	
              [***]

            	 
      	
              [***]

            
	 
      	 
      	 
      	 
      	 
      
	
              ST
      WML Propack

            	 
      	
              [***]

            	 
      	
              [***]

            
	 
      	 
      	 
      	 
      	 
      
	
              Wireless
      Retrofit End Cap (Lights)

            	 
      	
              [***]

            	 
      	
              [***]

            
	 
      	 
      	 
      	 
      	 
      
	
              SB
      WRRS

            	
                

            	
              [***]

            	
                

            	
              [***]

            

    

      

    
      

    

    
      5
Confidential Treatment has been requested with respect to the information
contained in the [***] marking.  Such portions have been omitted from
the filing and have been filed separately with the Securities and Exchange
Commisison.

    

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
C

    

    PRODUCT
DESIGN AND SUPPORTING DOCUMENTS SPECIFICATIONS AGREEMENT

    

    This
Product Design and Supporting Documents Specifications Agreement is made and
entered into as of August 6, 2010 (the “Effective Date”), by and between MechTech, LLC, A California
limited liability company and Innovative Wireless Technologies,
Inc. (formerly known as “Bayrock Ventures, Inc.”) a Delaware corporation
(together with the MechTech, hereinafter referred to as the
“Parties”).

    

    The
purpose of this document is to supplement the Exclusive Distribution and
Marketing Agreement between MechTech, LLC and Innovative Wireless Technologies,
Inc., in which exclusive Market Rights for the Products were granted to
MechTech, LLC.

     

    This Product Design and
Supporting Documents Specifications Agreement shall be updated regularly
to include documentation for all available Products.

    

    In Witness
Whereof, the parties hereto have executed this Product Design and
Supporting Documents Specifications Agreement as of the
date set forth in the first paragraph hereof.

    

    
      
        
          
            
              	
                      MechTech,
      LLC

                    	 
      	
                      Innovative
      Wireless Technologies, Inc.

                    
	 
      	 
      	 
      
	
                      By:

                    	 
      	
                      By:

                    
	 
      	 
      	 
      
	
                      /s/ Nicholas D. Mechling

                    	 
      	
                      /s/ Pavel Alpatov

                    
	
                      Nicholas
      D. Mechling,

                    	 
      	
                      Pavel
      Alpatov

                    
	
                      Chief
      Executive Officer

                    	 
      	
                      Chief
      Executive Officer

                    
	 
      	 
      	 
      
	
                      And:

                    	 
      	 
      
	 
      	 
      	 
      
	
                      /s/ Christopher D. Mechling

                    	 
      	 
      
	
                      Christopher
      D. Mechling,

                    	 
      	 
      
	
                      Chief
      Operating Officer

                    	 
      	 
      

            

          

        

      

    

    

      
        
           

        

        
          22

          
            

          

        

        
           

        

      

    

      

    Product Design And
Supporting Documents Specifications Agreement Exhibit C.A1

     

    SMART TACTICAL WEAPON
MOUNTED LIGHT (ST WML)

    

    The ST
WML gives Soldiers the capability to employ a white light that is small and
lightweight and can be weapon-mounted or hand-held.  When
weapon-mounted, the ST WML provides Soldiers the capability to identify targets
accurately when using the weapon during periods of darkness or limited
visibility, even underwater.

    

    The ST
WML works with the following weapons: M16A4 modular weapons, M4/M4A1, M249, and
M240B.  It can also be mounted on a U.S. Army Standard Rail
(MIL-STD-1913) using an interface device.

    

    The ST
WML currently has a fixed beam with 8 brightness levels to choose from that
allows illumination of a 20x30x8 foot darkened room or enclosure and has a
facial recognition range of at least 20 meters, 25 meters inside a darkened room
or enclosure. The system has the ability to accept different light heads which
we have manufactured including narrow or wide beam white light, IR, UV or
colored LED.

    

    The ST
WML itself weighs 3 oz. With batteries, mounting mechanism and remote capability
it weighs less than 10 oz. (remote is wireless). The ST WML is compatible with
(does not interfere with) appropriate day/night optics, aiming lights and other
weapon accessories.

    

    The ST
WML has dual activation controls, i.e. an on/off switch located on the device
housing and a wireless remote control switch. The system has both constant
on/off and momentary light capabilities which includes a remote momentary
capability. A full-off control is also provided on the device housing which will
prevent activation controls from functioning.

    

    The
system operates on two replaceable CR123A batteries. The remote-control device
uses an internal CR2032 battery that lasts through 5,000 uses. Battery
performance with the light constantly on at maximum brightness is 3 hours. At
the lowest brightness setting, the battery will last for up to 200 hours. When
the system is remote controlled some battery performance is discharged even if
the light is off. In this mode the light will remain ready to activate for at
least 20 days. The operational temperature range for the ST WML is -40o F to
+185o
F.

    

    The ST
WML includes a detachable lens cover/dust cover, protecting the lens from
particulate matter, scratches and the body from accidental damage.

    

    The ST
WML has infrared (IR) capability and can be easily mounted and dismounted by the
individual Soldier without special tools.

    

    The ST
WML should be capable of being used when Soldiers are wearing the Army issued
black leather glove with wool insert and is compatible with NBC operations and
with the full ensemble of Mission Oriented Protective Posture (MOPP) 4 gear when
worn by the Soldier in any NBC environment. The ST WML provides for one-handed,
ambidextrous operation.

    

    The ST
WML has a blast-proof hermetic frame with anodized exterior (aerospace aluminum)
and is capable of being dropped from 5 feet, without impacting operational
capability. The ST WML is capable of being immersed in 100 feet (30 meters) of
water and will operate in 5-100% relative humidity without degradation of
capability.

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

     

    Product Design And
Supporting Documents Specifications Agreement Exhibit C.A1

     

    SMART TACTICAL WEAPON
MOUNTED LIGHT (ST WML)

    Package
Contents

    
      	
              ST
      WML Tactical light

              ST
      WML Remote Switch

              ST
      WML IR Head

              Mounting
      Sleeve

              Dust
      Cover

            	
              Picatinny
      Rail Mount

              Two
      CR123 Batteries

              Velcro
      Remote Mounting Strips

              Alcohol
      Prep-pad

            

    

    

    Tactical Light
Specifications

    
      	
              Levels
      of Brightness:

            	
              8
      levels

            
	
              Lumen
      Range (White Light):

            	
              3
      lumens (lowest setting) to 120 lumens (highest setting)

            
	
              Battery
      life at lowest brightness setting:

            	
              200
      hours

            
	
              Battery
      life at highest brightness setting:

            	
              3
      hours

            
	
              Battery
      life when RF receiver is active and light is off:

            	
              20
      days

            
	
              Alternate
      Light Heads

            	
              Quick-changeable
      infrared light head included;

              ultraviolet
      and other light heads available on request

            
	
              
                Waterproof:

              

            	
              Fully
      functional 100 ft (30 meters) underwater

            
	
              Remote
      control range (above water):

            	
              20
      ft between controller and light

            
	
              Remote
      control range (under water):

            	
              6
      ft between controller and light

            
	
              
                Operational
      temperature range:

              

            	
              From
      -40° F to +185° F

            
	
              Construction

            	
              Blast-proof
      hermetic frame with anodized exterior;

              aerospace
      aluminum

            
	
              Device
      weight (without batteries)

            	
              3
      ounces

            
	
              Battery
      type:

            	
              CR123A

            
	
              Number
      of Batteries:

            	
              2
      batteries

            

    

    

    RF Remote Control Unit
Specifications

    
      	
              Operating
      frequency:

            	
              2400
      mhz

            
	
              Battery
      life:

            	
              Battery
      lasts through 5,000 uses

            
	
              Battery
      type:

            	
              CR2032

            
	
              Number
      of Batteries:

            	
              1
      battery

            

    

    

    Battery Installation
Instructions:

    With the
tactical light off unscrew the LED Head. Insert CR123 batteries with the +
visible and facing up. Screw on the LED or IR head.

    

    On/off and light
levels

    To turn
on or off the tactical light press and release the end-cap button once. For
adjustment of the tactical light’s intensity (start from the off position) press
and hold down the end-cap button until the tactical light beam adjusts to the
desired level then release.  After changing the intensity of the light
you can still use the remote switch to turn on or off the tactical light. To
reset the light’s intensity level press the end-cap button twice quickly and
release.

    

    Remote Activation
Instructions:

    With the
tactical light on and the remote nearby, press and hold the end-cap button until
it flashes once.  The uniquely paired remote should now be activated and
you can operate the light remotely with it up to twenty feet.  To
deactivate the remote you perform the same action starting with the tactical
light on, holding until it flashes two times. 

    

    Remote
Installation on a Weapon 

    Prep the
installation location with alcohol. Affix the soft Velcro strip to the body of
the weapon in the location of your choice.  Attach the hook side of
the Velcro to the remote switch. Fix the remote switch to the Velcro that you
have place on the weapon.

    

    White LED to
IR

    Deactivate
the remote control and turn off the tactical light. Unscrew the white LED head
and replace it with the IR head. Once the IR head is secured on the tactical
light you can use the device by end-cap button or (after activation) the remote
switch.

    

    Full off
control

    To
activate the “full off control” (first turn on the tactical light) press and the
end-cap button for 8-10 seconds until the flashlight flashes once.

    

    To return
the light to normal function press and hold the end-cap button and hold for 8-10
seconds until it flashes once.

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

    WARNINGS
- Do not use the full off control while replacing batteries. Do not remove the
end-cap while the remote is activated.

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

     

    Product Design And
Supporting Documents Specifications Agreement Exhibit C.A2

     

    
      Wireless
Retrofit End-Cap

    

    
      The Wireless Retrofit End-Cap will
add Smart Tactical Light functionality to your current tactical light. The
Wireless Retrofit End-Cap works with virtually all Xenon/Incandescent Tactical
Lights, as well as many LED tactical lights.  Simply replace the
end-cap of your tactical light with our Wireless Retrofit End-Cap to make the
upgrade.

    

    
      

    

    
      The
Wireless Retrofit End-Cap adds these features to your tactical
light:

    

    
      ·           Wireless
remote control of the tactical light, as well as standard, manual
control

    

    
      ·           Adjustable
Brightness Controls with 8 levels of brightness to choose
from

    

    
      

    

    
      Wireless Remote
Control

    

    
      The
Wireless Retrofit End-Cap enables wireless remote
activation/deactivation of your tactical light by means of a small
remote-control device which can be conveniently attached to any location on your
weapon. The remote-control
device can be positioned at a distance of up to 6 feet (2 meters) away; and is
uniquely paired with the Wireless Retrofit End-Cap, so that shared use of
components from different packages is impossible. All of our electronics
have been rigorously field-tested, and our wireless remote-control system is so
reliable, it will even function under water. Also the Wireless Retrofit End-Cap
is designed to be very energy-efficient in all modes of operation, and allows
remote control features to be switched on or off as desired, for additional
energy savings.

    

    
      Our
Wireless Retrofit End-Cap allows you to upgrade existing tactical lights you may
own, saving you the cost of a new tactical light.

    

    
      

    

    
      Built-in Brightness
Controls

    

    
      At the
touch of a button on the end-cap, you can adjust the brightness of your
tactical light to save power or reduce your
visibility.

    

    
      

    

    
      Energy
Efficiency

    

    
      In order
to operate, the Wireless Retrofit End-Cap uses power from the batteries inside
your tactical light. Therefore, when the Wireless Retrofit End-Cap is in
remote-control mode, some power will be discharged even if the light is off. In
this mode, your light will remain ready to activate for approximately 20
days.

    

    
      The
remote-control device uses a lithium battery- CR1632. Battery lasts through 1500
uses.

    

    
      

    

    
      Optional Strobing Light
Feature

    

    
      The
intense, bright white light from a good quality tactical light can blinding to
the direct beholder, and can be very useful in tactical situations. Add a disorienting strobing effect to this
powerful white light and it becomes an even more effective tactical
device.

    

    
      Or, if
you are using an infrared tactical light, by adding the strobe feature, you gain the advantage of having
an infrared strobe
light. With night vision goggles you can quickly and discreetly identify team
members and their locations using an infrared strobe, and the strobe is
also effective as an emergency
locator beacon.

    

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

     

    Product Design And
Supporting Documents Specifications Agreement Exhibit C.A2

     

    
      Smart
Battery Wireless Remote Retrofit System (SB WRRS)

    

    
      The SB WRRS is a first-of-its-kind
innovation, enabling wireless remote activation/deactivation of any night vision
scope that uses AA batteries.

    

    
      

    

    
      Unique
features and advantages of the SB WRRS:

    

    
      
        	
              	
                ·

              	
                The
      only battery available that offers remote control
      functionality

              

      

    

    
      
        	
              	
                ·

              	
                Transform
      any night vision scope that uses AA batteries into a remote-control
      enabled device

              

      

    

    
      
        	
              	
                ·

              	
                Intelligent,
      energy-saving feature allows automatic deactivation after 10
      mins

              

      

    

    
      
        	
              	
                ·

              	
                Fail-safe
      design protects your ability to manually activate/deactivate the
      device

              

      

    

    
      

    

    
      Modernize Your Favorite
Night Vision Scope

    

    
      Frequent
manual activation/deactivation of a night vision scope can be complicated and
tedious when operating in the dark. The SB WRRS allows you to turn your night
vision scope on and off easily, without shifting your hands out of firing
position. Any available night
vision scope that uses AA batteries can be equipped with remote-control
features, thanks to the SB WRRS.

    

    
      

    

    
      Reliable, Energy Efficient
Design

    

    
      The
system consists of a SB WRRS battery unit and a small remote control unit. The small, remote control unit can be
mounted in any convenient location. The remote-control unit can be
positioned at a distance of up to 20 feet (7 meters) away; and is uniquely
paired with the Tactical Smart Battery, so shared use of components from
different packages is impossible. The remote control unit is powered by
CR2032 lithium battery. One battery lasts through 5000 uses.

    

    
      The SB
WRRS has been rigorously field-tested, and is extremely dependable, but in case of remote-control failure,
the SB WRRS is designed to switch control back to manual mode, so you will still
be able to switch your device on or off as needed.

    

    
      In remote
control mode, the SB WRRS battery unit will discharge some energy, whether or
not your night vision scope is active, so you will want to manually switch off
the power when you are finished using the scope, but if you forget to do this,
the SB WRRS will help you save power, by automatically switching off power to
the night vision scope after 10 minutes of inactivity. This feature will
help ensure maximum battery life for your night vision scope.

    

    
      

    

    
      For night vision scopes
using 2 AA batteries.

    

    
      The SB
WRRS replaces one of the batteries inside your night vision scope. The other
battery must be replaced with a lithium battery
(ER14505M).

    

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

    EXHIBIT
D

    

    TECHNICAL
SUPPORT AND WARRANTY AGREEMENT

    

    This
Technical Support and Warranty Agreement is made and entered into as of August
6, 2010 (the “Effective Date”), by and between MechTech, LLC, A California
limited liability company and Innovative Wireless Technologies,
Inc. (formerly known as “Bayrock Ventures, Inc.”) a Delaware corporation
(together with the MechTech, hereinafter referred to as the
“Parties”).

    

    The
purpose of this document is to supplement the Exclusive Distribution and
Marketing Agreement between MechTech, LLC and Innovative Wireless Technologies,
Inc., in which exclusive Market Rights for the Products were granted to
MechTech, LLC.

    

    The
Parties agree to add warranty terms to this agreement over time and as needed.
Not as limitation but for example, the Parties will agree on short-term
warranties, extended warranties, lifetime warranties, etc.

    

    MechTech,
LLC, shall not grant any warranty to third parties that exceeds the warranty
terms set forth in this Technical Support and Warranty Agreement.

    

    In Witness
Whereof, the parties hereto have executed this Technical Support and
Warranty Agreement as of the
date set forth in the first paragraph hereof.

    

    
      
        	
                MechTech,
      LLC

              	 
      	
                Innovative
      Wireless Technologies, Inc.

              
	 
      	 
      	 
      
	
                By:

              	 
      	
                By:

              
	 
      	 
      	 
      
	
                /s/ Nicholas D. Mechling

              	 
      	
                /s/ Pavel Alpatov

              
	
                Nicholas
      D. Mechling,

              	 
      	
                Pavel
      Alpatov

              
	
                Chief
      Executive Officer

              	 
      	
                Chief
      Executive Officer

              
	 
      	 
      	 
      
	
                And:

              	 
      	 
      
	 
      	 
      	 
      
	
                /s/ Christopher D. Mechling

              	 
      	 
      
	
                Christopher
      D. Mechling,

              	 
      	 
      
	
                Chief
      Operating Officer

              	 
      	 
      

      

    

    
      
         

      

      
        28

        
          

        

      

      
         

      

    

    EXHIBIT
E

    

    NON-DISCLOSURE
AGREEMENT

    

    This
Mutual Non-Disclosure Agreement (the “NDA”)
is made and entered effective as of August 6, 2010, by and between MechTech LLC,
a California limited liability company, and INNOVATIVE WIRELESS TECHNOLOGY, a
Delaware corporation, to assure the protection and preservation of the
confidential and/or proprietary nature of information to be disclosed or made
available to each other in connection with the Distribution and Marketing
Agreement.

    

    In reliance upon and in consideration
of the following undertakings, the parties agree as follows:

    

    1.           Subject
to the limitations set forth in paragraph 2, all information disclosed to the
other party, whether marked confidential or not, shall be deemed to be “Proprietary
Information.”  In
particular, Proprietary Information shall be deemed to include any technology,
content, trade secret, information, process, technique, training manual,
workbook, algorithm, computer program (source and object code), design, drawing,
formula, business plan or test data relating to any research project, work in
process, future development, engineering, manufacturing, marketing, servicing,
financing, strategic partnership or personnel matter relating to the disclosing
party, its present or future products, services, sales, suppliers, clients,
customers, employees, investors, business plans, business strategies, cost of
operations, and strategic relationships, whether in oral, written, graphic or
electronic form.  If Proprietary Information is disclosed in oral
form, the disclosing party shall thereafter summarize it in writing and transmit
it to the other party within thirty (30) days of the oral
disclosure.

    

    2.           The
term “Proprietary
Information”
shall not be deemed to include information which:  (a) is now, or
hereafter becomes, through no act or failure to act on the part of the receiving
party, generally known or available; (b) is known by the receiving party at
the time of receiving such information as evidenced by its records; (c) is
hereafter furnished to the receiving party by a third party, as a matter of
right and without restriction on disclosure; (d) is independently developed
by the receiving party without any breach of this NDA; or (e) is the
subject of a written permission to disclose provided by the disclosing
party.

    

    3.           Each
party shall maintain all Proprietary Information in trust and confidence and,
except as expressly set forth herein, shall not disclose to any third party or
use any Proprietary Information for any unauthorized purpose.  Each
party may use such Proprietary Information only to the extent required to
accomplish the purposes of this NDA as set forth on Exhibit
E.A1 hereto.  Proprietary Information shall not be used for any
purpose or in any manner that would constitute a violation of any laws or
regulations, including without limitation, the export control laws of the United
States.  No rights or licenses to trademarks, inventions, copyrights
or patents are implied or granted under this NDA.

    

    4.           Proprietary
Information shall not be reproduced in any form except as required to accomplish
the intent of this NDA.

    
      
         

      

      
        29

        
          

        

      

      
         

      

    

    

    5.           Each
party under this NDA shall advise its employees who might have access to
Proprietary Information of the confidential nature thereof and agrees that its
employees shall be bound by the terms of this NDA.  No Proprietary
Information shall be disclosed to any employee who does not have a need for such
information.  The receiving party shall not disclose any Proprietary
Information to any third party without the disclosing party's express, written
consent.

    

    6.           All
Proprietary Information (including all copies thereof) shall remain the property
of the disclosing party and shall be returned to the disclosing party after the
receiving party's need for it has expired, or upon request of the disclosing
party, and in any event, upon completion or termination of this
NDA.

    

    7.           Notwithstanding
any other provision of this NDA, disclosure of Proprietary Information shall not
be precluded if such disclosure:

    

    (a)           is
in response to a valid order of a court or other governmental body of the United
States or any political subdivision thereof; provided, however, that the
responding party shall first have given notice to the other party hereto and
shall have made a reasonable effort to obtain a protective order requiring that
the Proprietary Information so disclosed be used only for the purposes for which
the order was issued;

    

    (b)           is
otherwise required by law; or

    

    (c)           is
otherwise necessary to establish rights or enforce obligations under this NDA,
but only to the extent that any such disclosure is necessary.

    

    8.           This
NDA shall continue in full force and effect for so long as the parties continue
to exchange Proprietary Information.  This NDA may be terminated by
either party at any time upon thirty (30) days written notice to the other
party.  The termination of this NDA shall not relieve either party of
the obligations imposed by Paragraphs 3, 4, 5, 6 and 11 of this NDA with respect
to Proprietary Information disclosed prior to the effective date of such
termination and the provisions of those Paragraphs shall survive the termination
of this NDA for a period of five (5) years from the date of such
termination.

    

    9.           Any
dispute or claim hereunder between the named Parties, shall be resolved by
binding arbitration before the American Arbitration Association in San Diego,
California under the laws of the State of California. This shall be the
exclusive remedy between the Parties, and both parties hereby give up any rights
to trial by jury, court, appeal, or any other judicial mechanism for resolving
disputes.

    

    10.          This
NDA and Exhibit
E.A1 attached hereto and hereby incorporated herein, contain the final,
complete and exclusive NDA of the parties relative to the subject matter hereof
and supersedes all prior and contemporaneous understandings and NDAs relating to
its subject matter.  This NDA may not be changed, modified, amended or
supplemented except by a written instrument signed by both parties.

    

    11.          Each
party hereby acknowledges and agrees that in the event of any breach of this NDA
by the other party, including, without limitation, the actual or threatened
disclosure or unauthorized use of a disclosing party's Proprietary Information
without the prior express written consent of the disclosing party, the
disclosing party will suffer an irreparable injury, such that no remedy at law
will afford it adequate protection against, or appropriate compensation for,
such injury.  Accordingly, each party hereby agrees that the other
party shall be entitled to specific performance of the receiving party's
obligations under this NDA, as well as such further relief as may be granted
through binding arbitration.

    
      
         

      

      
        30

        
          

        

      

      
         

      

    

    

    12.           The
parties’ rights and obligations under this NDA will bind and inure to the
benefit of their respective successors, heirs, executors and administrators and
permitted assigns.

    

    13.           If
any provision of this NDA is found by a proper authority to be unenforceable,
that provision shall be severed and the remainder of this NDA will continue in
full force and effect.

    

    14.           Any
notices required or permitted hereunder shall be given to the appropriate party
at the address specified below or at such other address as the party shall
specify in writing. Such notice shall be deemed given upon the personal
delivery, or sent by certified or registered mail, postage prepaid, three (3)
days after the date of mailing.

    

    In Witness
Whereof, the parties hereto have executed this NDA as
of the date set forth in the
first section hereof.

    

    
      
        
          	
                  MechTech,
      LLC

                	 
      	
                  Innovative
      Wireless Technologies, Inc.

                
	 
      	 
      	 
      
	
                  By:

                	 
      	
                  By:

                
	 
      	 
      	 
      
	
                  /s/ Nicholas D. Mechling

                	 
      	
                  /s/ Pavel Alpatov

                
	
                  Nicholas
      D. Mechling,

                	 
      	
                  Pavel
      Alpatov

                
	
                  Chief
      Executive Officer

                	 
      	
                  Chief
      Executive Officer

                
	 	 	 
	
                  And:

                	 
      	 
      
	 
      	 
      	 
      
	
                  /s/ Christopher D. Mechling

                	 
      	 
      
	
                  Christopher
      D. Mechling,

                	 
      	 
      
	
                  Chief
      Operating Officer

                	 
      	 
      

        

      

    

    
      
         

      

      
        31

        
          

        

      

      
         

      

    

     

    Non-Disclosure Agreement
Exhibit E.A1

    

    Purpose
for which Proprietary Information is to be disclosed:  To enter into a
business relationship.

    
      
         

      

      
        32

        
          

        

      

      
         

      

    

    EXHIBIT
F

    

    SHIPPING
AGREEMENT

    

    This
Shipping Agreement is made and entered into as of August 6, 2010 (the “Effective
Date”), by and between MechTech, LLC, A California
limited liability company and Innovative Wireless Technologies,
Inc. (formerly known as “Bayrock Ventures, Inc.”) a Delaware corporation
(together with the MechTech, hereinafter referred to as the
“Parties”).

    

    The
purpose of this document is to supplement the Shipping Agreement between
MechTech, LLC and Innovative Wireless Technologies, Inc., in which exclusive
Market Rights for the Products were granted to MechTech, LLC.

    

    The
Parties agree to add standard shipping terms to this agreement over time and as
needed.  MechTech, LLC, shall not grant any shipping terms to third
parties that exceeds the shipping terms set forth in this Shipping
Agreement.

    

    In Witness
Whereof, the parties hereto have executed this Shipping Agreement as of the
date set forth in the first paragraph hereof.

    

    
      
        	
                MechTech,
      LLC

              	 
      	
                Innovative
      Wireless Technologies, Inc.

              
	 
      	 
      	 
      
	
                By:

              	 
      	
                By:

              
	 
      	 
      	 
      
	
                /s/ Nicholas D. Mechling

              	 
      	
                /s/ Pavel Alpatov

              
	
                Nicholas
      D. Mechling,

              	 
      	
                Pavel
      Alpatov

              
	
                Chief
      Executive Officer

              	 
      	
                Chief
      Executive Officer

              
	 
      	 
      	 
      
	
                And:

              	 
      	 
      
	 
      	 
      	 
      
	
                /s/ Christopher D. Mechling

              	 
      	 
      
	
                Christopher
      D. Mechling,

              	 
      	 
      
	
                Chief
      Operating Officer

              	 
      	 
      

      

    

    
      
         

      

      
        33

        
          

        

      

      
         

      

    

    Shipping Agreement Exhibit
F.A1

    

    
      	
              Innovative
      Wireless Technology

              Address:

              Phone:                                Fax:

              Email:

            	
              PURCHASE
      ORDER

            
	 
      
	
              The
      following number must appear on all related

              correspondence,
      shipping papers, and invoices:

                

              P.O.
      NUMBER:

            

    

       

    
      	
              To:

              [Name]

              MECHTECH
      LLC

              [Street
      Address]

              [City, ST  ZIP
      Code]

              [Phone]

            	
              Ship
      To:

              [Name]

              [Company
      Name]

              [Street
      Address]

              [City, ST  ZIP
      Code]

              [Phone]

            

    

    

    
      
        	
                P.O. DATE

              	 
      	
                REQUISITIONER

              	 
      	
                SHIPPED VIA

              	 
      	
                F.O.B. POINT

              	 
      	
                TERMS

              
	 
      	
                  

              	 
      	
                  

              	 
      	
                  

              	 
      	
                  

              	 
      

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          	
                                                  QTY

                                                	 	
                                                  UNIT

                                                	 	
                                                  DESCRIPTION

                                                	 	
                                                  UNIT
      PRICE

                                                	 	
                                                  TOTAL

                                                
	 
      	 	 
      	 	 
      	 	 
      	 	 
      
	 
      	 	
                                                  SUBTOTAL

                                                	 	 
      
	 
      	 	
                                                  DELIVERY
      DUTY PAYABLE

                                                	 	 
      
	 
      	 	
                                                  SALES
      TAX

                                                	 	 
      
	 
      	 	
                                                  SHIPPING
      & HANDLING

                                                	 	 
      
	 
      	 	
                                                  OTHER

                                                	 	 
      
	 
      	 	
                                                  TOTAL

                                                	 	 
      

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        
          
            	
                    1.     This
      order will be entered in accordance with the prices, terms, delivery
      method, and specifications listed above and the terms of the MECHTECH/IWT
      Exclusive Distribution and Marketing Agreement.

                       

                    2.     All
      products will be shipped Delivered Duty Paid.

                    
                         

                    

                    3.     Send
      all correspondence to the addresses set forth above.

                  	 
      	 
      
	 	 	 
	 	 	 
	 
      	 
      	
                    Authorized
      by

                  	
                    Date

                  

          

        

      

    

    
      
         

      

      
        34Confidential
Treatment – Asterisked material
has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    Exhibit
10.1

    

    MANUFACTURE AND SUPPLY
AGREEMENT

     

    THIS MANUFACTURE AND SUPPLY
AGREEMENT is entered into this 30th day of November 2009, by and between
Reliable Biopharmaceutical Corporation, a corporation organized under the laws
of the State of Missouri, with its principal offices located at 1945 Walton
Road, St. Louis, Missouri 63114 ("RELIABLE") and Neoprobe Corporation, a
corporation organized under the laws of the State of Delaware, with offices
located at 425 Metro Place North, Suite 300, Dublin, Ohio 43017-1367
("NEOPROBE").

     

    WITNESSETH

     

    WHEREAS,
NEOPROBE desires to engage RELIABLE to manufacture and supply NEOPROBE with such
requirements of the Active Pharmaceutical Ingredient (as defined below) as
needed and ordered by NEOPROBE in accordance with the terms and conditions set
forth in this Agreement; and

     

    WHEREAS,
RELIABLE is willing to manufacture and supply to NEOPROBE such requirements of
Active Pharmaceutical Ingredient as needed and ordered by NEOPROBE in accordance
with the terms and conditions set forth in this Agreement.

     

    NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and
agreements set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties (as defined below) agree as follows:

     

    1.           DEFINITIONS

     

    In
addition to the terms defined elsewhere herein, the following words and phrases
shall, for purposes of this Agreement, have the following meanings (with any
term or phrase referred to below, or defined elsewhere in this Agreement, in the
singular to include the plural and vice versa as the context
requires):

     

    1.1         "Active Pharmaceutical
Ingredient" or "API" shall mean bulk,
unformulated Lymphoseek Ligand.

     

    1.2         "Affiliate" shall
mean, with respect to a Party, any Person that is controlled by, controls, or is
under common control with such Party.  For this purpose, "control" of
a corporation or other business entity shall mean: (i) the direct or indirect
beneficial ownership of more than fifty percent (50%) in the equity of, or the
right to appoint more than fifty percent (50%) of the directors or management of
such corporation or other business entity; or (ii) the possession, directly or
indirectly, of the power to direct the management or policies of an entity,
whether through the ownership of voting securities, by contract or
otherwise.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    1.3         "Agreement" shall mean
this manufacture and supply agreement together with the recitals and all
exhibits annexed hereto.

     

    1.4         "Approval" shall mean
any and all approvals, licenses, registrations or authorizations of the
applicable Regulatory Authority necessary for the marketing of Finished Products
in the relevant country in the Territory.

     

    1.5         "Calendar Quarter"
shall mean a period of three (3) consecutive months ending at midnight, Eastern
Time on the last day of March, June, September, or December,
respectively.

     

    1.6         "cGMP" shall mean
current Good Manufacturing Practice as established by the FDA and all other
applicable laws and regulations, including all applicable U.S., federal, state,
foreign, and local environmental, health and safety law and regulations in
effect at the time and place of Manufacture of the API.

     

    1.7         "Commercial Contract
Year" shall mean a year of 365 days (or 366 days in a leap year)
beginning on the date the first Approval is received and ending one (1)
year thereafter and so on year-by-year.  "Commercial Contract Year One"
shall mean the first such year; " Commercial Contract Year Two"
shall mean the second such year, and so on, year-by-year.

     

    1.8         "DMF(s)" shall mean
the drug master file(s) covering the analysis and manufacture of the API,
comprising any and all technical information in the possession of RELIABLE (or
an Affiliate thereof), including, without limitation, analytical methods,
stability and pharmaceutical data, impurities, and manufacturing processes with
respect to the API.

     

    1.9         "Effective Date" shall
mean the date first set forth above.

     

    1.10       “Emergency Supply
Conditions” or “ESC” shall mean
conditions under which (a) RELIABLE is unable to fill any Purchase Order placed
by NEOPROBE in accordance with Article 3, or (b) inventory of the API held
by RELIABLE falls below the required quantity of safety stock then in effect, in
either case as a result of either (i) Force Majeure, or (ii) any reason
related to RELIABLE’s inability to supply the Product.

     

    1.11       Finished Products" or
"Finished
Product" shall mean such human pharmaceutical products containing API for
which NEOPROBE may receive Approval from a Regulatory Authority.

     

    1.12       "FDA" shall mean the
United States Food and Drug Administration and all agencies under its direct
control or any successor governmental entity.

     

    1.13       "FFDCA" shall mean the
Federal Food, Drug and Cosmetic Act of 1934, as amended from time to time, and
the regulations promulgated pursuant thereto, or any successor statute adopted
to replace such act.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    1.14       "Indemnitee " shall
have the meaning assigned to such term in Section 11.3.

     

    1.15       "Manufacture" and
"Manufacturing"
and other forms of such word or phrase shall refer to the manufacturing,
handling, packaging, storage and/or disposal of the API and the raw materials
and components used in connection therewith.

     

    1.16       "NDA" means a New Drug
Application filed in the U.S. with the FDA pursuant to its rules and regulations
as more fully defined in Title 21 of the U.S. Code of Federal Regulations,
Section 314.50, et.
seq, and any equivalent application filed with any Regulatory Authority
with respect to any other country in the Territory.

     

    1.17       "Party" or "Parties" shall mean
RELIABLE or NEOPROBE, and, when used in the plural, shall mean RELIABLE and
NEOPROBE

     

    1.18       "Person" shall mean
any individual, partnership, association, corporation, or other business
entity.

     

    1.19       "Regulatory Authority"
shall mean the FDA in the U.S., and any health regulatory authority(ies) in any
country in the Territory that is a counterpart to the FDA and holds
responsibility for granting Approval in the relevant country of the Territory,
and any successor(s) thereto.

     

    1.20       "Specifications" shall
mean the specifications set forth in Exhibit  A annexed hereto and made a
part hereof, as same may be modified, in writing,
from time to time, by the Parties.

     

    1.21       "Territory" shall mean
worldwide.

     

    2.           TERM

     

    This
Agreement shall become effective as of the Effective Date and shall remain in
full force and effect, unless earlier terminated pursuant to one of the
provisions of Section 12 hereof, for a period ending upon the expiration of ten
(10) Commercial Contract Years (the "Initial Term").  NEOPROBE shall
notify RELIABLE in writing promptly upon receipt of Approval from the
FDA.  Following expiration of the Initial Term, this Agreement shall
be renewable by NEOPROBE, upon the same terms and conditions, for successive
three (3) year periods (a "Renewal Term") upon written notice to RELIABLE
delivered at any time prior to the expiration of the Initial Term or any Renewal
Term then in effect, and RELIABLE’S written acceptance of the notice.  For purposes of this
Agreement "Term" shall refer collectively to the Initial Term and any Renewal
Terms, unless the context otherwise requires.

     

    
      
         

      

      
        - 2
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    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    3.           SUPPLY.

     

    3.1         Supply of
API.  Subject to the terms and conditions of this Agreement,
and provided that NEOPROBE is not in material breach of its obligations
hereunder, RELIABLE shall supply on an exclusive basis quantities of API ordered
by NEOPROBE from time to time during the Term for use in the Finished Product
for the Territory.  During the Term of this Agreement and subject to
the terms contained herein, NEOPROBE shall purchase the API exclusively from
RELIABLE, except as otherwise set forth herein,  The Parties recognize
and acknowledge that NEOPROBE's business may be dependent on the supply of API
to NEOPROBE by RELIABLE as specified hereunder.

     

    3.2         Forecasts and
Orders.

     

    3.2.1     Commercial
Supply.

     

    (a)           NEOPROBE
agrees to either: (i) pay RELIABLE a capacity reservation fee of $[*] per year
if no purchases of API are planned during a Commercial Contract Year covered by
the Term of this Agreement, beginning in calendar year 2011; or (ii) continue to
purchase [*]% of its commercial requirements of API for use in the Finished
Product in the Territory from RELIABLE (provided that RELIABLE is not in
material breach of its obligations hereunder) during a Commercial Contract
Year.  In the event that NEOPROBE submits Commercial Orders (as
defined in paragraph (c) below) for API with respect to any Commercial Contract
Year for less than $[*], as set forth above, (and RELIABLE is not in material
breach of its obligations hereunder), NEOPROBE will pay to RELIABLE the
difference between: (a) the aggregate amounts actually paid by NEOPROBE to
RELIABLE during such Commercial Contract Year; and
(b)  $[*].  Such payment will be made by NEOPROBE to
RELIABLE within thirty (30) days after the end of such Commercial Contract
Year.

     

    (b)           After
product launch, NEOPROBE shall submit, in writing, to RELIABLE a good faith,
initial forecast of the quantities of API estimated to be required on a Calendar
Quarter basis during the following twelve (12) month period, which forecast
shall be for be for planning purposes only; and

     

    (c)           thereafter,
no later than fifteen (15) days prior to the first day of each Calendar Quarter
("Q1"), NEOPROBE will provide RELIABLE with a good faith, rolling twelve (12)
month forecast of its requirements for API in the Territory.  The
forecast for Q1 shall be binding on RELIABLE and NEOPROBE and shall constitute a
firm purchase order ("Commercial Order") for such quantities of API which
NEOPROBE shall be committed to purchase during such Q1 period.  The
information for the remaining Calendar Quarters shall be for planning purposes
only.  Each Commercial Order shall be made pursuant to purchase orders
which are in a form mutually acceptable to the Parties in accordance with
Section 3.2.4 and shall specify the quantity of API ordered, the destination to
which the API is to be delivered and the time and manner of delivery (including
the carrier to be used) in accordance with Section 4.3 and elsewhere in this
Agreement.  Subject to Section 5.2, NEOPROBE shall purchase [*]% of
its commercial requirements of API for use in the Finished Product in the
Territory from RELIABLE provided that RELIABLE is not in material breach of its
obligations hereunder.

     

    
      
         

      

      
        - 3
-

        
          

        

      

      
         

      

    

    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    3.2.2     Additional
Orders.  RELIABLE shall supply NEOPROBE with: (a) the
quantities set forth on each such Commercial Order; and (b) such additional
amounts that NEOPROBE may order in excess of its forecasted amounts constituting
Commercial Orders hereunder, provided, that RELIABLE shall
have confirmed and accepted such additional orders within thirty (30) days of
RELIABLE's receipt of any such additional purchase order.  RELIABLE
agrees to use commercially reasonable best efforts to supply the quantities of
API set forth in any such additional orders, but in no event will RELIABLE be
required to accept any changed order in excess of [*]% of the amount of the
original Purchase Order.

     

    3.2.3     Reserved Capacity;
Inventory.  RELIABLE covenants to maintain: (a) capacity to
manufacture on an annualized basis [*]% of the forecasted
requirements of API set forth in any twelve month forecast submitted by NEOPROBE
in accordance with this Agreement; and (b) as a safeguard against any potential
short-term interruption in its manufacturing operations, reasonable safety stock
of API in an amount of not less than three (3) months' average of NEOPROBE's
forecasted requirements of API. RELIABLE will have the right to reduce the
safety stock, to adequate levels based on the percentage difference between the
forecasted quantity and actual orders.

     

    3.2.4     Emergency Supply
Conditions.  Upon the occurrence of Emergency Supply
Conditions, RELIABLE shall give prompt written notice to NEOPROBE (the “ESC Notice”) and such
notice shall set forth the date on which the Emergency Supply Conditions began
(the “ESC
Date”).  Promptly after the issuance of such ESC Notice,
RELIABLE agrees to meet with NEOPROBE as reasonably requested by NEOPROBE to
discuss options to resolve the Emergency Supply Conditions and to minimize the
impact of such Emergency Supply Condition to NEOPROBE.  In any case,
RELIABLE shall cooperate with NEOPROBE in taking all actions that the NEOPROBE
deems reasonably necessary in order to remedy such Emergency Supply Condition,
which may include any or all of the following in the order of sequence
below:

    

    (a)           RELIABLE
shall provide assurances acceptable to NEOPROBE, such acceptance not to be
unreasonably withheld or delayed, that, within a period of ninety (90) days from
the ESC Date, RELIABLE will be able to rectify the supply condition and return
safety stock to the level required under this Agreement;

    

    (b)           The
cancellation by NEOPROBE, without penalty, of all or any of the current Purchase
Orders affected by such Emergency Supply Condition and obtain its requirements
of Product or replacement product elsewhere during the expected period of the
Emergency Supply Conditions;

    
      
         

      

      
        - 4
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    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    (c)           If
the supply condition rectification proposed above is not acceptable or does not
work, RELIABLE shall provide a Technical Transfer (as defined in Section 3.2.5
below) to a third-party manufacturer identified by NEOPROBE in order to supply
such quantity of Product to NEOPROBE as RELIABLE is unable to
supply.   RELIABLE’s provision of an ESC Notice shall not be
interpreted in any manner to relieve RELIABLE of its obligations under this
Agreement, nor shall it prevent NEOPROBE from pursuing any and all rights and
remedies NEOPROBE may have based on RELIABLE’s failure to deliver the Products
in accordance with the terms of this Agreement.

    

    3.2.5     
Third-Party Manufacturer (TPM)
and Technical Transfer

    

    (a)           If
NEOPROBE elects to appoint a TPM to supply the Product after receipt of an ESC
notice, NEOPROBE shall so notify RELIABLE within ninety (90) days of its receipt
of the ESC Notice from RELIABLE.  Within thirty (30) days after
NEOPROBE identifies the TPM to RELIABLE, RELIABLE shall initiate a RELIABLE
Technical Transfer to the TPM.  [*].  In addition, RELIABLE
shall reasonably assist the TPM in the transfer and the start-up of
manufacturing operations for the Product and shall make the necessary plans,
formulations and manufacturing processes and procedures available to the
TPM.  Further, RELIABLE shall grant the TPM access to its regulatory
files and shall supply such other technical or regulatory assistance as is
reasonably requested by the TPM with respect to the RELIABLE Intellectual
Property.  RELIABLE shall have the right to require that the TPM agree
to confidentiality obligations with respect to the Technical Transfer that are
no less restrictive than those contained herein.

    

    (b)           RELIABLE
acknowledges and agrees that NEOPROBE shall be entitled to all of the rights and
protections set forth in Section 365(n) of Title 11 of the United States Code
with respect to the RELIABLE Transfer License, any sublicense in the Third Party
Rights and all other related rights as provided herein.

    

    3.2.6      Form of Purchase
Order.  NEOPROBE's Commercial Orders shall be made pursuant to
a written purchase order which shall provide for shipment in accordance with
reasonable delivery schedules and lead times as may be agreed upon from time to
time by RELIABLE and NEOPROBE.  The terms and conditions of this
Agreement shall apply to all purchase orders issued hereunder, and, if any terms
or conditions contained in such purchase orders shall conflict with any terms
and conditions contained herein, the terms of this Agreement shall
control.  No additional terms or conditions set forth in any such
purchase order (other than the quantities and delivery dates set forth therein
and conforming to the provisions of this Agreement) shall be binding upon
RELIABLE, unless agreed to in writing by RELIABLE.  Any additional or
inconsistent terms or conditions of any purchase order, acknowledgment or
similar standardized form given or received pursuant to this Agreement shall
have no force and effect and such terms and conditions are hereby expressly
excluded.

     

    
      
         

      

      
        - 5
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    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    3.3         Payment for
Registration/Filing Outside the United States.  NEOPROBE shall
have the option to expand sales of the Finished Product outside the United
States to include such country, or countries, as it may, in its sole discretion,
determine.  Such option may be exercised by NEOPROBE at any time upon
written notice to RELIABLE; provided, however that
NEOPROBE and RELIABLE negotiate in good faith to reach agreement on the terms
and conditions under which RELIABLE shall provide services in support of NEOPROBE's
regulatory obligations in such country, or countries), including, without
limitation, all filings with Regulatory Authorities in such country, or
countries.  However, for the purposes of this section, RELIABLE
agrees that any regulatory/registration support associated with a filing in the
European Union (EU) will be provided by RELIABLE at no cost to
NEOPROBE.

     

    4.           PRICE; PAYMENTS;
DELIVERY

     

    4.1         Price. The price
payable to RELIABLE hereunder for Commercial Orders of API shall be calculated
as set forth on Exhibit B, "Price Structure for Commercial Orders".

     

    4.2         Payments.  NEOPROBE
shall pay all undisputed invoices net within thirty (30) days of the receipt of
the invoice by: (i) bank wire transfer; (ii) automated clearinghouse (electronic
funds transfer); or (iii) such other means as the Parties may otherwise agree;
in United States Dollars to such bank account as RELIABLE may from time to time
designate. In the event that NEOPROBE is delinquent in payment of any undisputed
invoices hereunder beyond the terms set forth in this Section 4.2, RELIABLE, in
its discretion, may suspend further shipments of API.  Undisputed
amounts not paid when due shall accrue interest payable at the rate of one
percent (1.0%) per month, not to exceed the maximum rate of interest permitted
by law.  Any such interest charges shall be due and payable on
demand.

     

    4.3         Delivery; Risk of
Loss. All API shall be packaged and labeled as instructed by NEOPROBE,
and shall be accompanied by appropriate certificates of analysis.  All
API shall be appropriately labeled with a traceable batch number and date of
manufacture.  RELIABLE shall ship each shipment, FCA RELIABLE's
facilities in St. Louis, Missouri, to NEOPROBE’s designee’s facility ( Incoterms
2000), or such other designees’ location specified in the purchase order for the
applicable Commercial Order, as instructed by NEOPROBE.  Any special
packing expenses shall be borne by RELIABLE.  Delivery of all API sold
by RELIABLE to NEOPROBE hereunder shall be made, and title thereto and risk of
loss thereof shall pass, to NEOPROBE upon transfer of the API into the
possession of NEOPROBE's freight carrier.

     

    
      
         

      

      
        - 6
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    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    5.           ACCEPTANCE AND
REJECTION

     

    5.1         Notification of
Defects.  All API shall be received subject to NEOPROBE's, or
its designee's, inspection and may be rejected by NEOPROBE, or such designee, if
any such API does not conform to the Specifications or otherwise fails to be
delivered in the condition warranted as set forth in Section
10.1.  NEOPROBE, or its designee: (i) shall notify RELIABLE in
writing within thirty (30) days after delivery to NEOPROBE, or its designee, of
any shipment of API containing obvious physical damage, obvious packaging
defects or quantity discrepancies that are evident upon visual inspection of the
packaged API without affecting the integrity of the API's packaging; and (ii)
will notify RELIABLE of nonconformity within thirty (30) days from its discovery
within sixty (60) days after delivery to NEOPROBE or its designees of any latent
defects, or NEOPROBE's rights as to such obvious or latent nonconformance shall
be waived.  At RELIABLE's request, NEOPROBE, or its designee,
shall promptly supply either samples of the API that are allegedly defective or
a reasonably detailed statement of its reasons for rejection and a report of any
pertinent analysis performed by NEOPROBE, or its designee, on the allegedly
nonconforming API, together with the methods and procedures
used.  RELIABLE shall notify NEOPROBE as promptly and as reasonably
possible, but in any event within thirty (30) business days after receipt of
such notice of rejection, whether it accepts NEOPROBE's assertions of
nonconformity.

     

    5.1.1      Dispute
Resolution.  If there is a disagreement between the Parties as
to whether any API conforms to the Specifications, then samples and/or batch
records, as appropriate, from the batch that is in dispute promptly will be
submitted for testing and evaluation to an independent testing laboratory as
shall be agreed to in writing by both Parties.  The determination of
such independent testing laboratory shall be binding upon the
Parties.   If it is determined that the nonconformity is due to
damage to API: (a) caused by NEOPROBE or its agents; or (b) which occurs
subsequent to delivery of such API to NEOPROBE or its designee, RELIABLE shall
have no liability to NEOPROBE with respect to such nonconformity and the cost of
any testing and evaluation by such testing laboratory shall be borne by
NEOPROBE.  If the nonconformity is caused by RELIABLE, then RELIABLE
shall terminate the invoice issued for such shipment of nonconforming API,
or if payment therefore has previously been made by NEOPROBE, at NEOPROBE's
sole option, either refund to NEOPROBE the amount of such invoice, or credit the
amount of such payment against any other amounts then due to
RELIABLE.

     

    5.1.2      Replacement.  Notwithstanding
the preceding, if any API is determined to be damaged or defective, upon
NEOPROBE's request, RELIABLE shall promptly deliver, or cause to be delivered,
to NEOPROBE, or its designee, conforming API in the same quantity as the
rejected API, on a date to be reasonably agreed upon by both parties after the
date of such request.

     

    5.2         Notification.  RELIABLE
shall notify NEOPROBE immediately in the event it discovers facts or
circumstances, which could: (i) adversely affect the API's conformance to the
Specifications; or (ii) RELIABLE’s ability to meet shipping dates or quantity
requirements.

     

    5.3         Returns.   RELIABLE
shall, at its sole cost and expense, accept for return and replacement any
non-conforming API manufactured and supplied to NEOPROBE under this Agreement
for which notice has been given pursuant to Section 5.1; provided, that, NEOPROBE
obtains prior shipping authorization from RELIABLE, which shall be issued
promptly, and in no case more than thirty (30) days.

    
      
         

      

      
        - 7
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    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    6.           MANUFACTURE OF
API

     

    6.1         cGMP
Manufacture.  The API shall be manufactured in accordance with
cGMP promulgated by the FDA, the Specifications and pursuant to the DMF and/or
the procedures filed with the FDA via an NDA.  RELIABLE shall promptly
advise NEOPROBE of any process changes proposed by RELIABLE for the manufacture
of the API.  RELIABLE shall pay all regulatory costs involved in the
implementation of such process change; provided, however that no
changes shall be made to any manufacturing process which would cause the API to
fail to comply with NEOPROBE’s Approval (including, without limitation, any
requirements of the NDA).  Concerning pre-approval changes required
for regulatory approval, RELIABLE shall provide regulatory support to NEOPROBE
in connection with all submissions, reports and filings required by any
Regulatory Authority in the Territory; except with respect to any
country or countries outside the United States to which NEOPROBE has elected to
expand sales of the Finished Product as provided in Section 3.3. The cost of
support that RELIABLE provides for any pre-approval changes shall be borne by
NEOPROBE.

     

    6.2         Testing.  For
quality control, RELIABLE shall conduct in-process and final controls in
accordance with test procedures agreed to by the Parties (the "Testing
Methods").  RELIABLE shall be responsible for the validation of all
Manufacturing processes and processing systems and shall establish programs for
change control for the validated Manufacturing process(es), systems, and
computer systems.

     

    6.3         Records Retention;
Samples.  RELIABLE shall store for each shipment of API
Manufactured by RELIABLE hereunder complete and accurate records pertaining to
the Manufacture and testing of the API, validation /stability/ developmental
data and all other Manufacturing documentation required by applicable law,
regulatory requirements and cGMP, as well as retain samples of such API for two
(2) years beyond expiration of the API or such longer period as the Parties may
agree.  RELIABLE shall provide quality control examination of the
retained sample representing the beginning, middle and end of the packaging
operation prior to release to assure the API’s packaging is in accordance with
the Specifications.  RELIABLE shall also be responsible for storing
and maintaining retention samples of each batch of raw material utilized in the
manufacture of API in accordance with all regulatory requirements and
cGMP.

     

    6.4         Complaints.  RELIABLE
shall be responsible for the investigation of any complaints regarding the API
arising from the Manufacturing process following notification from
NEOPROBE.

     

    6.5         Annual
Reviews.  RELIABLE will provide NEOPROBE with annual product
reviews which will include complaint and stability analysis.  Such
reviews shall be available at time of audits or upon request.

    
      
         

      

      
        - 8
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    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    7.           FDA INSPECTIONS AND
COMMUNICATIONS

     

    RELIABLE
shall promptly notify NEOPROBE of any FDA notices of violation or deficiency
letters relating to the API or any facility in which the API is produced, to the
extent that a deficiency letter relating to such facility relates to the
Manufacture of the API.  Each Party shall promptly deliver to the
other Party all reports, data information and correspondence received by it from
the FDA or any state or local authority with respect to the API (or Finished
Product if the report, data and/or correspondence relate to the API) and any
cGMP issues relating thereto and any written response information, data or
correspondence delivered by such Party to the FDA at any state or local
authority with respect to the API and shall cooperate to the extent reasonably
requested by such other Party in its response to the FDA or such other state or
local authority.

     

    8.           COMPLAINT HANDLING; ADVERSE DRUG
REACTION REPORTS; RECALLS

     

    8.1         Complaint
Handling.    Except as otherwise provided below in
Section 8.2, in the event that RELIABLE or NEOPROBE receives any complaint,
claims or adverse reaction reports regarding API, including notices from the FDA
regarding any alleged regulatory non-compliance of the Finished Product, each
Party shall, within five (5) business days, provide the other with all
information contained in the complaint, report, or notice and such additional
information regarding the API as may be reasonably requested, NEOPROBE and
RELIABLE shall each comply, at a minimum, with FDA and cGMP requirements for
complaint handling.

     

    8.2         Adverse Drug Reaction Reports.
If either Party becomes aware that the API contains a defect which could or did
cause death or injury, such Party shall immediately by FAX and telephone provide
the other with a complete (where required by law) description of all relevant
details known to such Party concerning any such incident, including but not
limited to, a description of any defect and such other information which may be
necessary to report the incident to the FDA.  NEOPROBE will be
responsible for preparing adverse drug reaction reports, administering adverse
drug reaction files relating to the API purchased hereunder and filing all such
reports with FDA, at its sole expense.

     

    8.3         Recall.  If
NEOPROBE recalls, detains or retains any Finished Product (voluntarily or by
order of a Regulatory Authority), RELIABLE agrees to reasonably cooperate in
such actions, at NEOPROBE's sole expense; except if the recall,
detention or retention action for the Finished Product is due to any negligence,
recklessness or willful intentional acts or omissions or a breach of any
representation or covenant or breach of warranty by RELIABLE or its Affiliates,
then and in such event, RELIABLE shall bear all reasonable direct, documented
costs associated with said action and shall bear the actual cost of conducting
such action or withdrawal, including costs imposed by the applicable Regulatory
Authority(ies) such as costs for detention and inspection, in accordance with
the recall guidelines of the applicable Regulatory Authority(ies) or standard
U.S. pharmaceutical industry practices.  However, the aggregate
liability of RELIABLE under the preceding sentence will not exceed the amount
paid by NEOPROBE to RELIABLE for the purchase order under which the API in
question was bought by NEOPROBE.

    
      
         

      

      
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    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    9.           ACCESS TO FACILITIES

     

    9.1         Site
Inspection.  Upon reasonable notice and subject to the
confidentiality provisions of Article 14 below, NEOPROBE shall have the right,
exercisable upon prior written notice on an annual basis, or more frequently as
may reasonably be requested, during normal business hours, with a maximum of two
(2) persons, to inspect those areas of the facilities where API is manufactured
for NEOPROBE (or its Affiliates) and to review RELIABLE's compliance with the
Specifications, applicable environmental, health and safety regulations, cGMP
and good laboratory practices, and to evaluate RELIABLE's capability for
responding effectively to any spills or releases of hazardous materials utilized
or produced by RELIABLE in the Manufacture of the API.

     

    9.2         Licenses and
Permits.  At any time during the Term, RELIABLE shall permit
NEOPROBE's representatives to review RELIABLE's licenses and permits relating to
the Manufacture of API.

     

    10.         REPRESENTATIONS AND
WARRANTIES

     

    10.1       Warranties by
RELIABLE.  RELIABLE warrants to NEOPROBE that the API
manufactured by or for RELIABLE and sold to NEOPROBE under this Agreement
shall:

     

    10.1.1    Conform
to the Specifications and shall be manufactured in a FDA approved facility in
accordance with the DMF on file for the API and in accordance with
cGMP;

     

    10.1.2    Not
be adulterated or misbranded within the meaning of the FFDCA, or within the
meaning of any applicable state or municipal law in which the definitions of
adulteration and misbranding are substantially the same as those contained in
the FFDCA, as such are constituted and effective at the time of delivery and
will not be an article which may not, under the provisions of Section 505 of the
FFDCA, be introduced into interstate commerce;

     

    10.1.3    Be
fit for its particular purpose in the manufacture of the Finished Product; and
RELIABLE further warrants that RELIABLE is not knowingly infringing on any
patent held by third parties, nor knowingly using any trade secrets in an
unauthorized manner, relating to the manufacture of the API;

     

    10.1.4    Be
materially in compliance with all applicable U.S., state, and local laws and
regulations governing RELIABLE’s manufacture of the API, including cGMP, as
applied to bulk pharmaceutical chemicals regulated by the FDA, as well as all
applicable RELIABLE standard operating procedures during the Term of this
Agreement.

    
      
         

      

      
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    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    10.2       Warranty by
NEOPROBE.   NEOPROBE represents and warrants to RELIABLE
that NEOPROBE has the legal right and authority to have the API made for it by
RELIABLE as provided herein , except that this warranty does not extend to
materials, methods or processes selected by RELIABLE (and not specified by
NEOPROBE) for Manufacturing of the API.

     

    11.         INDEMNIFICATION

     

    11.1       Indemnification by
NEOPROBE.  NEOPROBE agrees to indemnify, defend and hold
RELIABLE, its Affiliates, and their respective agents, directors, officers, and
employees harmless against any and all liability, loss, damage, cost, or expense
resulting from any third party claim or suit brought against RELIABLE to the
extent such: (i) is caused by gross negligence, recklessness or willful
misconduct in the Manufacturing, marketing, distribution, sale or use of the
Finished Product by, or on behalf of NEOPROBE, except to the extent such is
caused by gross negligence, recklessness or willful misconduct in the
Manufacture of the API by, or on behalf of, RELIABLE; (ii) is caused by
NEOPROBE's breach of the warranty set forth in Section 10.2 hereof or
breach of any material obligation of NEOPROBE or its relevant Affiliates
contained in this Agreement; (iii) arises out of a claim of infringement of any
patent or the unauthorized use of a trade secret resulting from the Manufacture,
marketing, distribution, sale or use of the Finished Product by, or on behalf
of, NEOPROBE, except to the extent such infringement action is based on the
materials, methods or processes selected by RELIABLE (and not specified by
NEOPROBE) for Manufacturing the API; or (iv) arises out of or results from any:
(a) warranty claims, (b) product recalls, or (c) tort claims of personal injury
(including death) or property damage relating to or arising out of the
Manufacturing, marketing, distribution, sale or use of the Finished Product,
except to the extent such is caused by gross negligence, recklessness or willful
misconduct in the Manufacture of the API by, or on behalf of,
RELIABLE.  Nothing in the foregoing sentence however limits the
liability of RELIABLE under Section 8.3 with respect to recalls, detentions or
retentions.

     

    11.2       Indemnification by
RELIABLE.  RELIABLE agrees to indemnify, defend and hold
NEOPROBE, its Affiliates, and their respective agents, directors, officers, and
employees harmless against any and all liability, loss, damage, cost, or expense
resulting from any third party claim or suit brought against NEOPROBE to the
extent such: (i) is caused by gross negligence, recklessness or willful
misconduct in the Manufacture of the API by, or on behalf of, RELIABLE; (ii) is
caused by RELIABLE's breach of any of the warranties set forth in Section 10.1
hereof or breach of any material obligation of RELIABLE or its relevant
Affiliates contained in this Agreement; (iii) arises out of a claim of
infringement of any patent or the unauthorized use of a trade secret resulting
from the materials, methods or processes selected by RELIABLE (and not specified
by NEOPROBE) for Manufacturing the API; or (iv) arises out of or results from
any: (a) warranty claims, (b) product recalls, or (c) tort claims of personal
injury (including death) or property damage relating to or arising out of gross
negligence, recklessness or willful misconduct in the Manufacture of the API by,
or on behalf of, RELIABLE.

    
      
         

      

      
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material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    11.3       Procedure. In the event that any
person entitled to indemnification under Section 11.1 or Section 11.2 (an
"Indemnitee") is seeking such indemnification, such Indemnitee shall: (i)
inform, in writing, the indemnifying Party of the claim as soon as reasonably
practicable after such Indemnitee receives notice of such claim; (ii) permit the
indemnifying Party to assume direction and control of the defense of the claim
(including the sole right to settle it at the sole discretion of the
indemnifying Party; provided
that such settlement does not impose any obligation on, or otherwise
adversely affect, the Indemnitee or another Party); (iii) cooperate as requested
(at the expense of the indemnifying Party) in the defense of the claim; and (iv)
undertake all reasonable steps to mitigate any loss, damage or expense with
respect to the claim(s). Notwithstanding the preceding, nothing herein shall be
construed as prohibiting an Indemnitee from participating in the defense of such
claim or suit at its own expense.

     

    11.4       RELIABLE Limitation of
Liability.  THE REPRESENTATIONS AND WARRANTIES OF RELIABLE SET
FORTH IN SECTION 10.1 ARE IN LIEU OF ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED,
INCLUDING WARRANTIES OF MERCHANTABILITY AND/OR FITNESS FOR ANY
PURPOSE.  FURTHERMORE, EXCEPT WITH RESPECT TO RELIABLE’S
INDEMNIFICATION OBLIGATIONS SET FORTH IN SECTION 11.2, AND THE OBLIGATIONS OF
CONFIDENTIALITY SET FORTH IN SECTION 14, RELIABLE SHALL NOT BE LIABLE, AND
RELIABLE HEREBY EXPRESSLY DISCLAIMS, ANY LIABILITY FOR SPECIAL, INCIDENTAL,
INDIRECT OR CONSEQUENTIAL DAMAGES RESULTING FROM A BREACH OF THIS AGREEMENT, THE
BREACH OF ANY REPRESENTATION OR WARRANTY, OR ANY OTHER THEORY, WHETHER SOUNDING
IN TORT OR IN CONTRACT.

     

    11.5       NEOPROBE Limitation of
Liability. THE REPRESENTATION AND WARRANTY OF NEOPROBE SET FORTH IN
SECTION 10.2 IS IN LIEU OF ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING
WARRANTIES OF MERCHANTABILITY AND/OR FITNESS FOR ANY
PURPOSE.  FURTHERMORE, EXCEPT WITH RESPECT TO NEOPROBE’S
INDEMNIFICATION OBLIGATIONS SET FORTH IN SECTION 11.1, AND THE OBLIGATIONS OF
CONFIDENTIALITY SET FORTH IN SECTION 14, NEOPROBE SHALL NOT BE LIABLE, AND
NEOPROBE HEREBY EXPRESSLY DISCLAIMS, ANY LIABILITY FOR SPECIAL, INCIDENTAL,
INDIRECT OR CONSEQUENTIAL DAMAGES RESULTING FROM A BREACH OF THIS AGREEMENT, THE
BREACH OF ANY REPRESENTATION OR WARRANTY, OR ANY OTHER THEORY, WHETHER SOUNDING
IN TORT OR IN CONTRACT.

     

    12.         TERMINATION

     

    12.1       Termination.  This
Agreement shall terminate upon the occurrence of any of the following events or
conditions which termination shall automatically occur where termination by a
specified Party is not indicated and shall occur by action of the specified
Party where so indicated:

     

    12.1.1    The
expiration of the Initial Term or any Renewal Term as set forth in Section
2;

    
      
         

      

      
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    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    12.1.2    The
material breach by either Party of any provision of this Agreement which is not
cured within thirty (30) days from the date of written notice delivered to the
defaulting Party in the case of a payment default, and within sixty (60) days
from the date of such notice in all other cases; provided, however, that only
the non-breaching Party can terminate this Agreement pursuant to this Section
12.1.2;

     

    12.1.3    The
mutual written agreement of the Parties to this Agreement;

     

    12.1.4    By
the non-affected Party upon the continuation of any Force Majeure Event under
Section 13 for a continuous period of six (6) months or longer; or

     

    12.2       Effect of
Termination.

     

    12.2.1    Termination,
relinquishment or expiration of this Agreement for any reason shall be without
prejudice to any rights that shall have accrued to the benefit of any Party
prior to such termination, relinquishment or expiration.  Such
termination, relinquishment or expiration shall not relieve any Party from
obligations that are expressly indicated to survive termination of this
Agreement.

     

    12.2.2    All
of the Parties' rights and obligations under, and/or the provisions contained
in, Sections 3.1, 5, 6, 8, 10, 11, 12.2, 14, 15.2, 15.5, 15.11, 15.12 and 15.14
shall survive expiration, termination or relinquishment of this
Agreement.

     

    13.         FORCE MAJEURE

     

    Except
for the obligation of any Party to make payments to the other Party pursuant to
this Agreement (which shall not be deferred or extended for any reason), neither
Party to this Agreement shall be responsible to the other Party for any failure
to perform or delay in performing if such failure or delay is due to any strike,
riot, civil commotion, sabotage, embargo, war or act of God or other cause
beyond its reasonable control (a "Force Majeure Event"); provided, that in any case of a
failure of a supplier to RELIABLE, such event shall not be deemed a Force
Majeure Event hereunder if RELIABLE’s maintenance of a reasonable safety stock
of raw materials would have prevented the occurrence of such
event.  The Party suffering the occurrence of the Force Majeure Event
shall immediately notify the other Party as soon as practicable of such
inability and of the period for which such inability is expected to continue,
and any time for performance hereunder shall be extended by the actual time of
delay caused by the Force Majeure Event; provided, that the Party
suffering such Force Majeure Event uses commercially reasonable efforts to
mitigate; and further
provided, that, in the event of any Force Majeure Event affecting
RELIABLE, the purchase requirements set forth in Section 3.2.1 shall be waived
for the Commercial Contract Year in which such Force Majeure Event occurs and
continues to occur.

     

    
      
         

      

      
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    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    14.           CONFIDENTIALITY.

     

    14.1       Confidential
Information.  In carrying out the terms of this Agreement it
may be necessary that one Party disclose to the other certain information, which
is considered by the disclosing Party to be proprietary and of a confidential
nature.  As used herein "Confidential Information" shall mean any and
all information, know-how and data, technical or non-technical concerning any
Finished Product or Active Pharmaceutical Ingredient, the manufacture, marketing
and sale of which is disclosed under this Agreement as set forth below and which
NEOPROBE or RELIABLE, as the case may be, considers to be and treats as
proprietary and/or confidential.  Confidential Information shall
include, but shall not be limited to plans, processes, compositions,
formulations, specifications, samples, systems, techniques, analyses, production
and quality control data, testing data, marketing and financial data, and such
other information or data relating to any Finished Product or Active
Pharmaceutical Ingredient or its Manufacture, marketing or sale.

     

    14.2       Non-Use;
Non-Disclosure.  The receiving Party shall not use the
disclosing Party's Confidential Information for any purpose other than for
purposes of performing its obligations under this Agreement and shall divulge
the information only to those of its employees and consultants who have a need
to know it as a part of the receiving Party's obligations hereunder; provided that, said employees
and consultants shall be subject to confidentiality agreements containing
provisions of the same character and scope as this Section 14.  The
receiving Party shall not disclose the disclosing Party's Confidential
Information to any third party without the express prior written consent of the
disclosing Party.

     

    14.3       Termination;
Exceptions.  The obligations of confidentiality as provided
herein shall terminate five (5) years from the expiration or termination of this
Agreement and shall impose no obligation upon the receiving Party with respect
to any portion of the received information which: (i) was known to or in the
possession of the receiving Party prior to the disclosure hereunder, and
not through a prior disclosure subject to confidential treatment by the
disclosing Party, as documented by business records; or (ii) is or becomes
publicly known through no fault attributable to the receiving Party; or (iii) is
provided to the receiving Party from a source independent of the disclosing
Party without breach of a confidential or fiduciary relationship with the
disclosing Party concerning the information; or (iv) is developed by the
receiving Party independently of any disclosure from the disclosing Party and
such independent development can be demonstrated by competent written proof of
the receiving Party; or (v) is required to be disclosed by law or court order,
provided that notice is promptly delivered to the other Party in order to
provide an opportunity to seek a protective order or other similar order with
respect to the disclosure of such information and thereafter discloses only the
minimum information required to be disclosed in order to comply with the
request, whether or not a protective order or other similar order is obtained by
the other Party.

     

    14.4       Duties Upon Expiration or
Termination.  Upon expiration or earlier termination of this
Agreement, the receiving Party shall, as the disclosing Party may direct in
writing, either destroy or return to the disclosing Party all its Confidential
Information disclosed to the receiving Part hereunder, together with all copies
thereof, provided, however, the receiving Party may retain one archival copy
thereof for the purpose of determining any continuing obligations of
confidentiality.

    
      
         

      

      
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    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    15.           GENERAL
PROVISIONS

     

    15.1       Successors and
Assigns.  The terms and provisions hereof shall inure to the
benefit of, and be binding upon RELIABLE, NEOPROBE and their respective
successors and permitted assigns.  Neither Party may assign this
Agreement or any of its rights or obligations under this Agreement without the
prior written consent of the other Party, except that: (i) assignments
to an Affiliate of a Party may be made upon written notice thereof to the other
Party, accompanied by an undertaking, in form satisfactory to the other Party,
that such assigning Party shall not be released of any obligations and remain
primarily liable; and (ii) either Party may assign this Agreement without the
prior written consent of the other Party, to a third party that acquires all or
substantially all of the business or assets of the assigning Party to which this
Agreement pertains (whether by merger, reorganization, acquisition, sale or
otherwise).  Any attempt to assign this Agreement in violation of the
provisions set forth herein shall be deemed a default by the assigning Party
under this Agreement and null and void.  This Agreement shall be
binding upon and inure to the benefit of any permitted assign.

     

    15.2       Notices.  Any
notice, request, instruction or other communication required or permitted to be
given under this Agreement shall be in writing and shall be given by sending
such notice properly addressed to the other Party's address shown below (or any
other address as either Party may indicate by notice in writing to the other
pursuant to this Section 15.2, from time to time) by: (i) hand delivery, or (ii)
prepaid registered or certified mail, return receipt requested, or (iii)
facsimile transmission (receipt verified), or (iv) via nationally recognized
overnight courier, as follows:

     

    
      
        
          	
                  If
      to RELIABLE:

                	
                  Reliable
      Biopharmaceutical Corporation

                
	 
      	
                  1945
      Walton Road

                
	 
      	
                  St.
      Louis, MO 63114

                
	 
      	
                  Attention:
      President

                
	 
      	
                  Fax
      Number: (314) 429-0937

                
	 
      	
                  Phone
      Number:  (314) 429-7700

                
	 
      	 
      
	
                  If
      to NEOPROBE:

                	
                  Neoprobe
      Corporation

                
	 
      	
                  425
      Metro Place North, Suite 300

                
	 
      	
                  Dublin,
      Ohio  43017

                
	 
      	
                  Attention:
      President

                
	 
      	
                  Fax
      Number: (614) 793-7520

                
	 
      	
                  Phone
      Number: (614) 793-7500

                

        

      

    

    

    If hand
delivered or by facsimile transmission, the date of delivery shall be deemed to
be the date on which such notice or request was given.  If sent by
overnight express courier service, the date of delivery shall be deemed to be
the next business day after such notice or request was deposited with such
service.  If sent by registered or certified mail, the date of
delivery shall be deemed to be the third business day after such notice or
request was deposited with the U.S. postal service.

     

    
      
         

      

      
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material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    15.3       Publicity.  Except
to the extent required by law or deemed appropriate by legal counsel to comply
with securities laws, including the furnishing of a press release and the filing
of such documents and information with the Securities and Exchange Commission as
may be required by federal securities laws and the filing of any report,
statement or document required by any other federal or state regulatory body,
neither Party to this Agreement shall publish, disclose or otherwise announce
the existence of this Agreement or the terms hereof with out the consent of the
other Party, which consent shall not be unreasonably withheld.

     

    15.4       Waiver.  Neither
Party may waive or release any of its rights or interests in this Agreement
except in writing. The failure of either Party to terminate or seek redress for
a breach of, or to insist upon strict performance of any term, covenant,
condition or provision contained in, this Agreement shall not prevent a similar
subsequent act from constituting a breach of this Agreement. No waiver by either
Party of any condition or term in any one or more instances shall be construed
as a continuing waiver of such condition or term or of another condition or
term.

     

    15.5       Export
Clause.  Each Party acknowledges that the laws and regulations
of the United States restrict the export and re-export of commodities and
technical data of United States origin.  Each Party agrees that it
will not export or re-export restricted commodities or the technical data of the
other Party in any form without the appropriate United States and foreign
government licenses.

     

    15.6       Independence of
Parties. Nothing herein shall be construed to create any relationship of
employer and employee, agent and principal, partnership or joint venture between
the Parties.  Each Party is an independent
contractor.  Neither Party shall assume, either directly or
indirectly, any liability of or for the other Party.  Neither Party
shall have the authority to bind or obligate the other Party and neither Party
shall represent that it has such authority.

     

    15.7       Entire Agreement.
This Agreement, along with the Exhibits hereto, contains all the covenants,
promises, agreements, warranties, representations, conditions and understandings
between the Parties with respect to the Manufacture and sale of the API and
supersedes and terminates all prior agreements and understanding between the
Parties.  There are no covenants, promises, agreements, warranties,
representations, conditions or understandings, either oral or written, between
the Parties other than as set forth herein and therein.  No subsequent
alteration, amendment, change or addition to this Agreement shall be binding
upon the Parties hereto unless reduced to writing and signed by the respective
authorized officers of the Parties.

     

    15.8       Partial
Invalidity.  If any portion of this Agreement is determined to
be illegal or otherwise unenforceable by a court of competent jurisdiction or by
an administrative agency of competent jurisdiction, the Parties shall negotiate
in good faith a valid, legal and enforceable substitute provision that most
nearly reflects the original intent of the Parties and all other provisions
hereof shall continue to be in full force and effect according to the terms
hereof.  Such invalidity, illegality or unenforceability shall not
affect the validity, legality or enforceability of such provision in any other
jurisdiction.

    
      
         

      

      
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material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    15.9       Performance
Warranty.  Each Party hereby acknowledges and agrees that it
shall be responsible for, and irrevocably, absolutely and unconditionally
guarantees, the full and timely performance as and when due under, and
observance of all the covenants, terms, conditions and agreements set forth in
this, Agreement by its Affiliate(s).

     

    15.10     Headings.  The
headings and captions used in this Agreement are for the convenience of
reference only and shall not be construed as part of this Agreement or as a
limitation on the scope of any provisions of this Agreement.

     

    15.11     Dispute Resolution.
The Parties recognize that disputes as to certain matters may from time to time
arise during the term of this Agreement which relate to any Party's rights
and/or obligations hereunder.  If the Parties cannot resolve any such
dispute within thirty (30) calendar days after notice of a dispute from one
Party, either Party may, by notice to the other in accordance with Section 15.2,
have such dispute referred to the President of NEOPROBE, or such other person
holding a similar position as designated by NEOPROBE from time to time, and the
President of RELIABLE, or such other person holding a similar position as
designated by RELIABLE from time to time (such officers collectively, the
"Executive Officers").  The Executive Officers shall meet promptly to
negotiate in good faith the matter referred and to determine a
resolution.  During such period of negotiations, any applicable time
periods under this Agreement shall be tolled.  If the Executive
Officers are unable to determine a resolution in a timely manner, which
shall in no case be more than thirty (30) days after the matter was referred to
them, the Party that originally providing notice hereunder may commence
litigation with respect to the subject matter of the dispute and with respect to
any other claims it may have and thereafter neither Party hereto shall have any
further obligation under this Section 15.11.

     

    15.12     Governing
Law.  This Agreement shall be governed and construed in
accordance with the laws of the State of Missouri, without regard to principles
of conflicts of law.

     

    15.13     No Implied
Rights.  No right or license is granted under this Agreement by
either Party to the other, either expressly or by implication, except as those
set forth explicitly herein.  Nothing contained in this Agreement
shall impose an obligation of exclusivity on one by the other.

     

    15.14     Waiver of Jury
Trial.  EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT
TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION
WITH THIS AGREEMENT.  EACH PARTY HERETO (i) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THAT FOREGOING WAIVER, AND (ii) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND ANY
RELATED INSTRUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 15.14.

    
      
         

      

      
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material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    15.15     Counterparts.  This
Agreement may be executed in any number of counterparts, each of which shall be
an original as against either Party whose signature appears thereon, but all of
which taken together shall constitute but one and the same
instrument.

     

    *-*-*-*

     

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material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    IN
WITNESS WHEREOF, the Parties hereto have set their hands and seals on the date
written at the beginning hereof.

     

    
      
        	
                Reliable
      Biopharmaceutical Corp.

              	 
      	
                Neoprobe
      Corporation

              
	 
      	 
      	 
      	 
      	 
      
	
                By:

              	
                /s/ Michael E. Zeleski

              	 
      	
                By:

              	
                /s/ David C. Bupp

              
	 
      	
                Name:  Michael
      E. Zeleski

              	 
      	 
      	
                Name:  David
      C. Bupp

              
	 
      	
                Title:    President

              	 
      	 
      	
                Title:    President

              

      

    

     

    
      
         

      

      
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material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    EXHIBIT
A

    

    PRODUCT
SPECIFICATIONS

    Product:                                                                        

    Formula:

    

    
      
        
          
            	
                    Specification

                  	 
      	
                    Limits

                  
	
                    [*]

                  	 
      	
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    [*]

    Storage
Condition: [*]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    *Asterisked
material has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.

    

    EXHIBIT
B

     

    PRICE STRUCTURE FOR
COMMERCIAL ORDERS

    

    NEOPROBE
shall pay RELIABLE for all API ordered hereunder on a unit price per gram basis,
based on the total number of grams ordered in each Commercial Contract Year,
which shall be calculated as follows:

    

    1)  An
estimated unit price per gram of API for the Commercial Contract Year shall be
established prior to the commencement of such year utilizing the firm order of
grams of API for Q1 (as such term is defined in the Agreement) set forth in
NEOPROBE's good faith forecast submitted to RELIABLE not less than 15 days prior
to the commencement of such Commercial Contract Year, on an aggregate,
annualized basis and in reference to the table set forth below:

    

    
      
        	
                Annual Forecast Volume

              	 
      	
                Unit Price per Gram (USD)

              
	
                [*]

              	 
      	
                [*]

              
	
                [*]

              	 
      	
                [*]

              
	
                [*]

              	 
      	
                [*]

              
	
                [*]

              	 
      	
                [*]

              

      

    

    

    2)  All
Commercial Orders of API during each Commercial Contract Year shall be priced at
the estimated unit price per gram established in the above table in accordance
with Paragraph 1 of this Exhibit B.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]