Document:

Exhibit 10.1

 

 

AMENDMENT NO.
3

TO

CINEDIGM CORP.
2017 EQUITY INCENTIVE PLAN

 

AMENDMENT NO. 3,
dated as of October 23, 2020 (this "Amendment"), to the 2017 Equity Incentive Plan (as amended, the "Plan")
of Cinedigm Corp., a Delaware corporation (the "Corporation").

 

WHEREAS, the Corporation
maintains the Plan, effective as of August 31, 2017; and

 

WHEREAS, the Board
of Directors of the Corporation deems it to be in the best interest of the Corporation and its stockholders to amend the Plan in
order to increase the maximum number of shares of the Corporation's Class A Common Stock, par value $.001 per share, which may
be issued and sold under the Plan from 4,098,270 shares to 14,098,270 shares.

 

NOW, THEREFORE,
BE IT RESOLVED the Plan is hereby amended as follows:

 

		1.	The first sentence of Section 4.1(a) shall be revised and amended to read as follows:

 

"The maximum
number of Shares available for issuance to Participants under this Plan, inclusive of Shares issued and Shares underlying outstanding
awards granted on or after the Effective Date, is 14,098,270 Shares, which includes 128,270 unused Shares carried over from the
Existing Incentive Plan."

 

		2.	This Amendment shall be effective as of the date first set forth above.

 

		3.	In all respects not amended, the Plan is hereby ratified and confirmed and remains in full force and effect.

 

 

	 	CINEDIGM CORP.
	 	 	 
	 	By:
	/s/ Christopher
J. McGurk
	 	Name:	Christopher
J. McGurk
	 	Title:	Chief
Executive Officerex_208661.htm

 

EXHIBIT 10.1

 

 

Patent and Biological Materials License Agreement with the 

National Institute of Allergy and Infectious Diseases, dated October 22, 2020

 

 

 

Certain information as identified herein has been omitted from this exhibit because it is

both (i) not material and (ii) would be competitively harmful if publicly disclosed.

 

 

 

 

 

PUBLIC HEALTH SERVICE

 

PATENT LICENSE AGREEMENT NONEXCLUSIVE

 

and

 

BIOLOGICAL MATERIALS LICENSE AGREEMENT

 

This Agreement is based on the model Patent License Non-Exclusive Agreement adopted by the U.S. Public Health Service (“PHS”) Technology Transfer Policy Board for use by components of the National Institutes of Health (“NIH”), the Centers for Disease Control and Prevention (“CDC”), and the Food and Drug Administration (“FDA”), which are agencies of the PHS within the Department of Health and Human Services (“HHS”).

 

 

This Cover Page identifies the Parties to this Agreement:

 

 

The U.S. Department of Health and Human Services, as represented by

 

National Institute of Allergy and Infectious Diseases an Institute or Center (hereinafter referred to as the “IC”) of the

 

NIH

 

 

and

 

 

GeoVax, Inc.,

 

hereinafter referred to as the “Licensee”,

 

having offices at

 

1900 Lake Park Dr., Ste. 380

 

Smyrna, Georgia 30080 

 

created and operating under the laws of Georgia, United States.

 

Tax ID No.: 58-2646816

 

 

 

 

For the IC’s internal use only:

 

License Number: L-257-2020-0

 

License Application Number: A-409-2020

 

Serial Number(s) of Licensed Patent(s) or Patent Application(s): see Appendix A

 

 

Licensee: GeoVax, Inc.

 

 

Cooperative Research and Development Agreement (CRADA) Number (if a subject invention): N/A

 

 

Additional Remarks: n/a

 

 

 

Public Benefit(s): Preventive Modified Vaccinia Ankara Virus-Virus Like Particle (MVA-VLP) vaccine primes and/or boosters against -“SARS-CoV-2.”.

 

This Patent License Agreement, hereinafter referred to as the “Agreement”, consists of this Cover Page, an attached Agreement, a Signature Page, Appendix A (List of Patent(s) or Patent Application(s)), Appendix B (tangible materials, Licensed Fields of Use and Licensed Territory), Appendix C (Royalties), Appendix D ((Benchmarks and Performance), Appendix E (Commercial Development Plan), Appendix F (Royalty Reporting), and Appendix G (Royalty Payment Options).

 

 

 

 

The IC and the Licensee agree as follows:

 

	
			1.

				
			BACKGROUND

			

 

	 	
			1.1

				
			In the course of conducting biomedical and behavioral research, the IC investigators made inventions, including intellectual properties and tangible materials, that may have commercial applicability.

			

 

	 	
			1.2

				
			By assignment of rights from the IC employees and other inventors, HHS, on behalf of the Government, owns intellectual property rights claimed in any United States or foreign patent applications or patents corresponding to the assigned inventions. HHS also owns any tangible embodiments of these inventions actually reduced to practice by the IC, regardless of whether patents or patent applications claiming the Materials exist.

			

 

	 	
			1.3

				
			The Secretary of HHS has delegated to the IC the authority to enter into this Agreement for the licensing of rights to these inventions under 35 U.S.C. §§200-212, the Federal Technology Transfer Act of 1986, 15 U.S.C. §3710(a), and the regulations governing the licensing of Government-owned inventions, 37 CFR Part 404.

			

 

	 	
			1.4

				
			The IC desires to transfer these inventions to the private sector through commercialization licenses to facilitate the commercial development of products and processes for public use and benefit.

			

 

	 	
			1.5

				
			The Licensee desires to acquire commercialization rights to certain of these inventions in order to develop processes, methods, or marketable products for public use and benefit.

			

 

	
			2.

				
			DEFINITIONS

			

 

	 	
			2.1

				
			“Affiliate(s)” means any corporation or other business entity in which Licensee owns or controls, directly or indirectly, at least fifty percent (50%) of the voting rights or other ownership interest or is entitled to elect more than fifty percent (50%) of directors. In any country where the local law does not permit foreign equity participation of at least fifty percent (50%), then “Affiliate” means any company in which Licensee owns or controls, directly or indirectly, the maximum percentage of outstanding stock or voting rights that is permitted by local law.

			

 

	 	
			2.2

				
			“Benchmarks” mean the performance milestones that are set forth in Appendix D.

			

 

	 	
			2.3

				
			“Commercial Development Plan” means the written commercialization plan attached as Appendix E.

			

 

	 	
			2.4

				
			“First Commercial Sale” means the initial transfer by or on behalf of the Licensee of Licensed Products or the initial practice of a Licensed Process by or on behalf of the Licensee in exchange for cash or some equivalent to which value can be assigned for the purpose of determining Net Sales.

			

 

	 	
			2.5

				
			“Government” means the Government of the United States of America.

			

 

	 	
			2.6

				
			“Licensed Fields of Use” means the fields of use identified in Appendix B.

			

 

	 	
			2.7

				
			“Licensed Patent Rights” shall mean:

			

 

	 	
			(a)

				
			Patent applications (including provisional patent applications and PCT patent applications) or patents listed in Appendix A, all divisions and continuations of these applications, all patents issuing from these applications, divisions, and continuations, and any reissues, reexaminations, and extensions of all these patents;

			

 

 

 

 

	 	
			(b)

				
			to the extent that the following contain one or more claims directed to the invention or inventions disclosed in 2.7(a):

			

 

	 	
			(i)

				
			continuations-in-part of 2.7(a);

			

 

	 	
			(ii)

				
			all divisions and continuations of these continuations-in-part;

			

 

	 	
			(iii)

				
			all patents issuing from these continuations-in-part, divisions, and continuations;

			

 

	 	
			(iv)

				
			priority patent application(s) of 2.7(a); and

			

 

	 	
			(v)

				
			any reissues, reexaminations, and extensions of all these patents;

			

 

	 	
			(c)

				
			to the extent that the following contain one or more claims directed to the invention or inventions disclosed in 2.7(a): all counterpart foreign and U.S. patent applications and patents to 2.7(a) and 2.7(b), including those listed in Appendix A; and

			

 

	 	
			(d)

				
			Licensed Patent Rights shall not include 2.7(b) or 2.7(c) to the extent that they contain one or more claims directed to new matter which is not the subject matter disclosed in 2.7(a).

			

 

	 	
			2.8

				
			“Licensed Processes” means processes, which in the course of being practiced, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

			

 

	 	
			2.9

				
			“Licensed Products” means tangible materials, which in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction. For the sake of clarity, vaccine primes and/or boosters incorporating Materials (or functional components of such) described in Appendix B are considered Licensed Products.

			

 

	 	
			2.10

				
			“Licensed Territory” means the geographical area identified in Appendix B.

			

 

	 	
			2.11

				
			“Materials” means

			

 

	 	
			(a)

				
			tangible materials, identified in Appendix B, including progeny, subclones, unmodified derivatives, fractions, or components isolated therefrom, whether or not within the scope of the claims of the Licensed Patent Rights;

			

 

	 	
			(b)

				
			other tangible materials which, in the course of manufacture, use, sale, or importation would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction;

			

 

	 	
			(c)

				
			modifications created by Licensee that contain or incorporate any of the tangible materials identified in Paragraph 2.11(a) and 2.11(b) above.

			

 

 

 

 

	 	
			2.12

				
			“Net Sales” means the total gross amounts invoiced or otherwise charged (whether consisting of cash or any other form of consideration) for the Final Sale of Licensed Products to Customers by or on behalf of the Licensee or any Affiliate, less the following deductions (to the extent included in and not already deducted from the gross amount invoiced or otherwise charged) to the extent reasonable and customary and if separately invoiced: (a) wholesaler or trade quantity discounts actually granted to Customers; and (b) credits to Customers because of rejections or returns (specifically excluding any allowances for bad debt). Without prior approval of IC, total deductions for the calculation of Net Sales shall not exceed four (4) percent of the total gross amounts invoiced or otherwise charged. Where Licensee or any Affiliate is the Customer, the Net Sales shall be based on the gross amount normally invoiced or otherwise charged to other Customers in an arms-length transaction for such Licensed Products. For the avoidance of doubt, if Licensee or any Affiliate supplies (directly or indirectly) a product that constitutes of Licensed Product to any Affiliate, and such Affiliate includes such product in another product, then Net Sales shall be based on the total gross amount invoiced or otherwise charged for such other product in its entirety. No deductions shall be made for commissions paid to individuals, whether they are with independent sales agencies or regularly employed by the Licensee, or any Affiliate and on its payroll, or for the cost of collections.

			

 

	 	
			2.13

				
			“Practical Application” means to manufacture in the case of a composition or product, to practice in the case of a process or method, or to operate in the case of a machine or system; and in each case, under these conditions as to establish that the invention is being utilized and that its benefits are to the extent permitted by law or Government regulations available to the public on reasonable terms.

			

 

	 	
			2.14

				
			“Customer” means any individual or entity that receives Licensed Product(s), provided however, that Licensee, or any Affiliate shall be deemed a Customer only if it receives Licensed Product(s) for its own end-use and not resale.

			

 

	 	
			2.15

				
			“Effective Date” means the first date when both IC and Licensee have signed this Agreement.

			

 

	 	
			2.16

				
			“Fair Value” means the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; for the calculation of assignment royalty, the measurement date for Fair Value shall be the date when all parties to the assignment have signed the assignment.

			

 

	 	
			2.17

				
			“Final Sale” means any sale, transfer, lease, exchange or other disposition or provision of a Licensed Product to a Customer. A Final Sale shall be deemed to have occurred upon the earliest to occur of the following (as applicable): (a) the transfer of title to such Licensed Product to a Customer; (b) the shipment of such Licensed Product to a Customer; (c) the provision of an invoice for such License Product to a Customer; or (d) payment by the Customer for Licensed Product(s).

			

 

	 	
			2.18

				
			“First Commercial Sale” means the initial transfer by or on behalf of the Licensee of Licensed Products by or on behalf of the Licensee in exchange for cash or some equivalent to which value can be assigned for the purpose of determining Net Sales.

			

 

	 	
			2.19

				
			“Third Party” or “Third Parties” means a party or parties other than IC, on the one hand, or Licensee or its Affiliate(s), on the other hand.

			

 

	 	
			2.20

				
			“Average Price” means, on a Licensed Product-by-Licensed Product and country-by-country basis, the total gross sales of a particular Licensed Product in a particular country during a particular calendar year divided by the total doses of such Licensed Product sold in such country during such calendar year.

			

 

 

 

 

	 	
			2.21

				
			“Valid Claim” means a claim of an issued and unexpired patent that is in force included within the Licensed Patent Rights which has not been revoked or held unenforceable or invalid by a decision of a court or other governmental agency of competent jurisdiction (which decision is not appealable or has not been appealed within the time allowed for appeal), and which claim has not been disclaimed, denied or admitted to be invalid or unenforceable through reissue, re-examination or disclaimer or otherwise.

			

 

	 	
			2.22

				
			“Pro Rata Share” means one of the following:

			

 

	 	
			(a)

				
			in instances where the Additional Coronavirus-Spike License(s) granted by NIAID recover a predetermined percentage of patent costs, Pro Rata Share will mean one hundred percent (100%) of patent prosecution costs minus the percentage of patent prosecution costs recovered by the Additional Coronavirus-Spike License(s) which recover a pre-determined percentage of patent costs. For example, if NIAID has granted an Additional Coronavirus-Spike License which recovers twenty percent (20%) of patent prosecution costs, then the Pro Rata Share would be one hundred percent (100%) minus twenty percent (20%), or eighty percent (80%);

			

 

	 	
			(b)

				
			in instances where the Additional Coronavirus-Spike License(s) granted by NIAID recover a full Pro Rata Share of patent prosecution costs, Pro Rata Share will mean one (1) minus the value derived from the number of Additional Coronavirus-Spike License(s) granted by NIAID which recover a full Pro Rata Share of patent prosecution costs divided by the total number of licenses granted by NIAID which recover a full Pro Rata Share of patent prosecution costs. For example, if NIAID has granted four (4) Additional Coronavirus-Spike Licenses which recover a full Pro Rata Share of patent prosecution costs, then the Pro Rata Share would be, one (1) minus [four (4) divided by five (5)], or one fifth (1/5); or

			

 

	 	
			(c)

				
			instances where the Additional Coronavirus-Spike License(s) are granted according to the definition of both 2.22a) and 2.22(b), the Pro Rata Share paid by Licensee will be the value derived from the Pro Rata Share as determined under paragraph 2.22(a) multiplied by the value derived from the Pro Rata Share as determined under paragraph 2.22(b). For example, if two (2) Additional Coronavirus-Spike Licenses are granted wherein one (1) Additional Coronavirus-Spike License recovers twenty percent (20%) of patent prosecution costs and one (1) Additional Coronavirus-Spike License recovers a full Pro Rata Share of patent prosecution costs, the Pro Rata Share would be (one hundred percent (100%) minus twenty percent (20%)) multiplied by (one (1) minus (one (1) divided by two (2)), or eighty percent (80%) multiplied by one-half (1/2), equaling forty percent (40%).

			

 

	 	
			2.23

				
			“Additional Coronavirus-Spike License” means an exclusive or nonexclusive license that includes the Licensed Patent Rights associated with the E-234-2016 and E-086-2020 technologies as described in Appendix A of this Agreement (the “Coronavirus-Spike Rights”) and is granted to a Third Party who is responsible for paying a share of patent expenses, and wherein the exclusive or nonexclusive license has a Licensed Field of Use directed to therapeutic applications. Additional Coronavirus-Spike License specifically excludes license directed solely to evaluation, internal research use or commercialization of research agents.

			

 

 

 

 

	
			3.

				
			GRANT OF RIGHTS

			

 

	 	
			3.1

				
			The IC hereby grants and the Licensee accepts, subject to the terms and conditions of this Agreement, a nonexclusive license under the Licensed Patent Rights in the Licensed Territory to make and have made, to use and have used, to sell and have sold, to offer to sell, and to import any Licensed Products in the Licensed Fields of Use and to practice and have practiced any Licensed Processes in the Licensed Fields of Use. For the sake of clarity, the Licensee has no right to sell, transfer or otherwise distribute Materials that are not incorporated as a component of a vaccine prime and/or booster Licensed Product in combination with Licensee’s proprietary technology.

			

 

	 	
			3.2

				
			This Agreement confers no license or rights by implication, estoppel, or otherwise under any patent applications or patents of the IC other than the Licensed Patent Rights regardless of whether these patents are dominant or subordinate to the Licensed Patent Rights.

			

 

	 	
			3.3

				
			Materials have been previously provided to Licensee under transfers separate from this Agreement. Upon request, and upon 1) receipt by IC of the license issue royalty and the pro-rated first year minimum annual royalty, 2) verification of these royalty payments, and 3) confirmation of Licensee’s shipping carrier and account number to be used for shipping purposes, IC agrees to replace these Materials, as available, at reasonable cost, in the event of the unintentional destruction of such Materials. IC shall provide any such Materials to Licensee at Licensee’s expense.

			

 

	
			4.

				
			SUBLICENSING

			

 

	 	
			4.1

				
			The Licensee has no right to sublicense.

			

 

	
			5.

				
			STATUTORY AND NIH REQUIREMENTS AND RESERVED GOVERNMENT RIGHTS

			

 

	 	
			5.1

				
			Prior to the First Commercial Sale, the Licensee agrees to provide the IC with reasonable quantities of Licensed Products or materials made through the Licensed Processes for the IC’s research use.

			

 

	 	
			5.2

				
			The Licensee agrees that products used or sold in the United States embodying Licensed Products or produced through use of Licensed Processes shall be manufactured substantially in the United States, unless a written waiver is obtained in advance from the IC.

			

 

	
			6.

				
			ROYALTIES AND REIMBURSEMENT

			

 

	 	
			6.1

				
			The Licensee agrees to pay the IC a noncreditable, nonrefundable license issue royalty as set forth in Appendix C.

			

 

	 	
			6.2

				
			The Licensee agrees to pay the IC a minimum annual royalty as set forth in Appendix C.

			

 

	 	
			6.3

				
			The Licensee agrees to pay the IC earned royalties as set forth in Appendix C.

			

 

	 	
			6.4

				
			The Licensee agrees to pay the IC Benchmark royalties as set forth in Appendix C.

			

 

	 	
			6.5

				
			A patent or patent application licensed under this Agreement shall cease to fall within the Licensed Patent Rights for the purpose of computing earned royalty payments in any given country on the earliest of the dates that:

			

 

	 	
			(a)

				
			the application has been abandoned and not continued;

			

 

	 	
			(b)

				
			the patent expires or irrevocably lapses; or

			

 

	 	
			(c)

				
			the patent has been held to be invalid or unenforceable by an unappealed or unappealable decision of a court of competent jurisdiction or administrative agency.

			

 

 

 

 

	 	
			6.6

				
			No multiple royalties shall be payable because any Licensed Products or Licensed Processes are covered by more than one of the Licensed Patent Rights.

			

 

	 	
			6.7

				
			With regard to unreimbursed expenses associated with the preparation, filing, prosecution, and maintenance of all patent applications and patents included within the Licensed Patent Rights and paid by the IC prior to the effective date of this Agreement, the Licensee shall pay the IC, as additional royalties, within sixty (60) calendar days of the IC’s submission of a statement and request for payment to the Licensee, an amount of royalties as set forth in Appendix C of this Agreement.

			

 

	 	
			6.8

				
			The IC agrees, upon written request, to provide the Licensee with summaries of patent prosecution invoices for which the IC has requested payment from the Licensee under Paragraph 6.7. The Licensee agrees that all information provided by the IC related to patent prosecution costs shall be treated as confidential commercial information and shall not be released to a third party except as required by law or a court of competent jurisdiction.

			

 

	 	
			6.9

				
			The Licensee may elect to surrender its rights in any country of the Licensed Territory under any of the Licensed Patent Rights upon sixty (60) days written notice to the IC and owe no payment obligation under Paragraph 6.7 for patent-related expenses paid in that country after the effective date of the written notice.

			

 

	 	
			6.10

				
			NO ROYALTIES SHALL BE PAID WITH FUNDS STEMMING FROM ANY FEDERAL CONTRACT, GRANT, OR COOPERATIVE AGREEMENT.

			

 

	
			7.

				
			PATENT FILING, PROSECUTION, AND MAINTENANCE

			

 

	 	
			7.1

				
			The IC agrees to take responsibility for the preparation, filing, prosecution, and maintenance of any and all patent applications or patents included in the Licensed Patent Rights.

			

 

	
			8.

				
			RECORD KEEPING

			

 

	 	
			8.1

				
			The Licensee agrees to keep accurate and correct records of Licensed Products made, used, sold, or imported and Licensed Processes practiced under this Agreement appropriate to determine the amount of royalties due to the IC. These records shall be retained for the term of this Agreement and for at least five (5) years from the last day of the final reporting period and shall be available during normal business hours for inspection, at the expense of the IC, by an accountant or other designated auditor selected by the IC for the sole purpose of verifying reports and royalty payments hereunder.

			

 

	 	
			8.2

				
			If an inspection shows an underreporting or underpayment of royalties due to the IC in excess of five percent (5%) for any twelve (12) month period, then the Licensee shall reimburse the IC for the cost of the inspection at the time the Licensee pays the unreported royalties, including any additional royalties as required by Paragraph 9.6. All royalty payments required under this Paragraph shall be due within sixty (60) calendar days of the date the IC provides notice to the Licensee of the payment due.

			

 

 

 

 

	 	
			8.3

				
			Licensee agrees to conduct, or to arrange and pay for the cost of, an independent self-audit of sales and royalties at least every two (2) years if annual sales of Licensed Product are over Five Million Dollars ($5,000,000). The audit will address, at a minimum, the amount of gross sales by or on behalf of Licensee or any Affiliate during the audit period, the amount of funds owed to IC under this Agreement, and whether the amount owed has been paid to IC and is reflected in the records of Licensee. Licensee will submit the auditor’s report promptly to IC upon completion. Licensee will pay for the entire cost of the audit.

			

 

	
			9.

				
			REPORTS ON PROGRESS, BENCHMARKS, SALES, AND PAYMENTS

			

 

	 	
			9.1

				
			Annual Reporting.  Prior to signing this Agreement, the Licensee has provided the IC with the Commercial Development Plan in Appendix E, under which the Licensee intends to bring the subject matter of the Licensed Patent Rights and Materials to the point of Practical Application. This Commercial Development Plan is hereby incorporated by reference into this Agreement. Based on this plan, performance Benchmarks are determined as specified in Appendix D.

			

 

	 	
			(a)

				
			The Licensee shall provide to IC written annual progress reports on its product development progress or efforts to commercialize under the Commercial Development Plan for each of the Licensed Fields of Use within sixty (60) calendar days after December 31 of each calendar year. These progress reports shall be signed by an officer of Licensee and shall include, but not be limited to, at least the following topics:

			

 

	 	
			(i)

				
			summary of work completed;

			

 

	 	
			(ii)

				
			key scientific discoveries;

			

 

	 	
			(iii)

				
			summary of work in-progress on research and development, status of applications for regulatory approvals, manufacture;

			

 

	 	
			(iv)

				
			current schedule of anticipated events or Benchmarks;

			

 

	 	
			(v)

				
			market plans for introduction of Licensed Product(s); and

			

 

	 	
			(vi)

				
			status of marketing, importing, and total Net Sales during the preceding calendar year as well as, plans for the present calendar year.

			

 

	 	
			(b)

				
			The IC also encourages Licensee to include in progress reports information on any of the Licensee’s public service activities that relate to the Licensed Patent Rights and Licensed Products. If reported progress differs from that projected in the Commercial Development Plan and Benchmarks, the Licensee shall explain the reasons for such differences. Licensee agrees to provide any additional information reasonably required by the IC to evaluate Licensee’s performance under this Agreement.

			

 

 

 

 

	 	
			(c)

				
			Commercial Development Plan Amendments. In any annual report, the Licensee may propose amendments to the Commercial Development Plan and Benchmarks. The IC shall not unreasonably withhold approval of any request of the Licensee to amend the Commercial Development Plan or Benchmarks if Licensee’s request is supported by a reasonable showing by the Licensee of diligence in its performance under the Commercial Development Plan and toward bringing the Licensed Products to the point of Practical Application. At IC’s discretion, amendments to change the Commercial Development Plan or Benchmarks (or both) may include amendment royalties. In determining whether or not to impose an amendment royalty, IC shall consider in good faith any information provided by Licensee demonstrating that a performance delay is due to inaction or delayed action by a regulatory agency and not by inaction or intentional or avoidable action by Licensee.

			

 

	 	
			9.2

				
			The Licensee shall report to the IC the date of achievement of each Benchmark specified in Appendix D and the First Commercial Sale in each country in the Licensed Territory within thirty (30) calendar days of such occurrence.

			

 

	 	
			9.3

				
			Semi-annual Sales Reports. Following the date of the First Commercial Sale, Licensee must submit to the IC, within sixty (60) calendar days after each calendar half-year ending June 30 and December 31, a written sales report, as described in the example in Appendix F, setting forth for the preceding half-year period the amount of the Licensed Products sold by or on behalf of the Licensee in each country within the Licensed Territory, the Net Sales, and the amount of royalty accordingly due. With each sales report, the Licensee shall submit payment of earned royalties due for that reporting period. If no earned royalties are due to the IC for any reporting period, the written report shall so state. The sales report shall be certified as correct by an authorized officer of the Licensee and shall include the information identified in Appendix F and shall make clear the following information:

			

 

	 	
			(a)

				
			gross receipts from Final Sales of Licensed Products for which an earned royalty is payable under Paragraph 6.3;

			

 

	 	
			(b)

				
			any deductions from gross receipts used to arrive at Net Sales; and

			

 

	 	
			(c)

				
			Licensee’s computation of the aggregate earned royalties payable to IC. Licensee agrees to provide a copy of sales report information in electronic spreadsheet format (e.g., Microsoft Excel) when submitting sales reports by electronic mail.

			

 

	 	
			9.4

				
			Royalties due under Article 6 shall be paid in U.S. dollars and payment options are listed in Appendix G. For conversion of foreign currency to U.S. dollars, the conversion rate shall be the New York foreign exchange rate quoted in The Wall Street Journal on the day that the payment is due. Licensee shall pay any loss of exchange, value, taxes, bank charge, or other expense incurred in the transfer of or conversion to U.S. dollars. The royalty reports required by Paragraph 9.3 shall be mailed to the IC at its address for Agreement Notices indicated on the Signature Page.

			

 

	 	
			9.5

				
			The Licensee shall be solely responsible for determining if any tax on royalty income is owed outside the United States and shall promptly pay this tax and be responsible for all filings with appropriate agencies of foreign governments. Licensee will use its best efforts to furnish IC with proof of payment of any tax. IC shall cooperate in good faith with Licensee for the purposes of tax obligations and filing of exemption and credit recovery paperwork.

			

 

	 	
			9.6

				
			For each royalty payment not received by IC when due, Licensee must pay to IC as an additional royalty, if assessed by the IC, a compound interest charge of one percent (1%) per month, to be calculated from the date payment was due until the date payment is actually received by IC. The payment of any additional royalties incurred under this Paragraph 9.6 shall not prevent the IC from exercising any other rights it may have as a consequence of the lateness of any payment.

			

 

 

 

 

	 	
			9.7

				
			All plans and reports required by this Article 9 and marked “confidential” by the Licensee shall, to the extent permitted by law, be treated by the IC as commercial and financial information obtained from a person and as privileged and confidential, and any proposed disclosure of these records by the IC under the Freedom of Information Act (FOIA), 5 U.S.C. §552 shall be subject to the predisclosure notification requirements of 45 CFR §5.65(d).

			

 

	 	
			9.8

				
			With each report submitted to IC under this Article 9, Licensee shall provide the name, mailing address, telephone number and email address of Licensee’s current Official for financial notices and for Agreement notices, if such individual is not the person listed on the Signature Page.

			

 

	
			10.

				
			PERFORMANCE AND DILIGENCE OBLIGATIONS

			

 

	 	
			10.1

				
			The Licensee shall use its reasonable commercial efforts to bring the Licensed Products and Licensed Processes to Practical Application. “Reasonable commercial efforts” for the purposes of this provision shall include adherence to the Commercial Development Plan in Appendix E and performance of the Benchmarks in Appendix D.

			

 

	 	
			10.2

				
			The Licensee agrees, after its First Commercial Sale, to make reasonable quantities of Licensed Products available to patient assistance programs in the Licensed Territory, to the extent commercially reasonable and without otherwise harming the business interests or viability of Licensee.

			

 

	 	
			10.3

				
			The Licensee agrees, after its First Commercial Sale and as part of its marketing and product promotion, to develop educational materials (e.g., brochures, website, etc.) directed to patients and physicians detailing the Licensed Products.

			

 

	 	
			10.4

				
			The Licensee agrees to supply, to the Office of Technology Transfer, NIH and Technology Transfer and Intellectual Property Office (TTIPO), NIAID with inert samples of the Licensed Products or Licensed Processes or their packaging for educational and display purposes only.

			

 

	
			11.

				
			INFRINGEMENT AND PATENT ENFORCEMENT

			

 

	 	
			11.1

				
			The IC and the Licensee agree to notify each other promptly of each infringement or possible infringement of the Licensed Patent Rights, as well as, any facts which may affect the validity, scope, or enforceability of the Licensed Patent Rights of which either Party becomes aware.

			

 

	 	
			11.2

				
			In the event that a declaratory judgment action alleging invalidity of any of the Licensed Patent Rights shall be brought against the IC, the IC agrees to notify the Licensee that an action alleging invalidity has been brought. The IC agrees to discuss in good faith with the Licensee regarding defending any such declaratory judgement action, and the cost of such defense, but for the sake of clarity the IC does not represent that it shall commence legal action to defend against a declaratory action alleging invalidity nor shall any discussion bind the IC to commence legal action. The Licensee shall take no action to compel the Government either to initiate or to join in any declaratory judgment action. Should the Government be made a party to any suit by motion or any other action of the Licensee, the Licensee shall reimburse the Government for any costs, expenses, or fees, which the Government incurs as a result of the motion or other action. Upon the Licensee's payment of all costs incurred by the Government as a result of the Licensee's joinder motion or other action, these actions by the Licensee shall not be considered a default in the performance of any material obligation under this Agreement.

			

 

	
			12.

				
			NEGATION OF WARRANTIES AND INDEMNIFICATION

			

 

	 	
			12.1

				
			The IC offers no warranties other than those specified in Article 1.

			

 

 

 

 

	 	
			12.2

				
			The IC does not warrant the validity of the Licensed Patent Rights or Materials and makes no representations whatsoever with regard to the scope of the Licensed Patent Rights, or that the Licensed Patent Rights or Materials may be exploited without infringing other patents or other intellectual property rights of third parties.

			

 

	 	
			12.3

				
			THE IC MAKES NO WARRANTIES, EXPRESSED OR IMPLIED, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF ANY MATERIALS OR SUBJECT MATTER DEFINED BY THE CLAIMS OF THE LICENSED PATENT RIGHTS OR TANGIBLE MATERIALS RELATED THERETO.

			

 

	 	
			12.4

				
			The IC does not represent that it shall commence legal actions against third parties infringing the Licensed Patent Rights.

			

 

	 	
			12.5

				
			The Licensee shall indemnify and hold the IC, its employees, students, fellows, agents, and consultants harmless from and against all liability, demands, damages, expenses, and losses, including but not limited to death, personal injury, illness, or property damage in connection with or arising out of:

			

 

	 	
			(a)

				
			the use by or on behalf of the Licensee, any Affiliate(s), its directors, employees, or third parties of any Licensed Patent Rights, Licensed Products or Materials; or

			

 

	 	
			(b)

				
			the design, manufacture, distribution, or use of any Licensed Products, Licensed Processes or Materials by the Licensee, or other products or processes developed in connection with or arising out of the Licensed Patent Rights.

			

 

	 	
			12.6

				
			The Licensee agrees to maintain a liability insurance program consistent with sound business practice.

			

 

	
			13.

				
			TERM, TERMINATION, AND MODIFICATION OF RIGHTS

			

 

	 	
			13.1

				
			This Agreement is effective when signed by all parties, unless the provisions of Paragraph 14.14 are not fulfilled, and shall extend on a country-by-country basis to the later of (a) twenty (20) years from the First Commercial Sale where no Licensed Patent Rights exist or have ceased to exist, or (b) to the expiration of the last to expire of the Licensed Patent Rights unless sooner terminated as provided in this Article 13.

			

 

	 	
			13.2

				
			In the event that the Licensee (or its Affiliate(s)) is in default in the performance of any material obligations under this Agreement, including but not limited to the obligations listed in Paragraph 13.5, and if the default has not been remedied within ninety (90) calendar days after the date of notice in writing of the default, the IC may terminate this Agreement by written notice and pursue outstanding royalties owed through procedures provided by the Federal Debt Collection Act.

			

 

	 	
			13.3

				
			In the event that the Licensee becomes insolvent, files a petition in bankruptcy, has such a petition filed against it, determines to file a petition in bankruptcy, or receives notice of a Third Party’s intention to file an involuntary petition in bankruptcy, the Licensee shall immediately notify the IC in writing.

			

 

	 	
			13.4

				
			The Licensee shall have a unilateral right to terminate this Agreement completely or in any country of the Licensed Territory by giving the IC sixty (60) days written notice to that effect.

			

 

	 	
			13.5

				
			The IC shall specifically have the unilateral right to terminate or modify, at its option, this Agreement, if the IC determines that the Licensee (or its Affiliate(s)):

			

 

 

 

 

	 	
			(a)

				
			is not executing the Commercial Development Plan submitted with its request for a license and the Licensee cannot otherwise demonstrate to the IC’s satisfaction that the Licensee has taken, or can be expected to take within a reasonable time, effective steps to achieve Practical Application of the Licensed Products or Licensed Processes;

			

 

	 	
			(b)

				
			has not achieved the Benchmarks as may be modified under Paragraph 9.1;

			

 

	 	
			(c)

				
			has willfully made a false statement of, or willfully omitted, a material fact in the license application, negotiation of this Agreement, or in any report required by this Agreement;

			

 

has committed a material breach of a covenant or agreement contained in this Agreement;

	 	
			(d)

				
			 

			

 

	 	
			(e)

				
			is not keeping Licensed Products or Licensed Processes reasonably available to the public after commercial use commences;

			

 

	 	
			(f)

				
			cannot reasonably satisfy unmet health and safety needs;

			

 

	 	
			(g)

				
			cannot reasonably justify a failure to comply with the domestic production requirement of Paragraph 5.2, unless waived;

			

 

	 	
			(h)

				
			has not provided timely annual progress or semi-annual royalty reports to IC under Article 9; or

			

 

	 	
			(i)

				
			has not made timely royalty payments to IC under Article 6.

			

 

	 	
			13.6

				
			In making the determination referenced in Paragraph 13.5, the IC shall take into account the normal course of such commercial development programs conducted with sound and reasonable business practices and judgment and the annual reports submitted by the Licensee under Paragraph 9.3. Prior to invoking termination or modification of this Agreement under Paragraph 13.5, the IC shall give written notice to the Licensee providing the Licensee specific notice of, and a ninety (90) day opportunity to respond to, the IC’s concerns as to the items referenced in 13.5(a)-13.5(g). If the Licensee fails to alleviate the IC’s concerns as to the items referenced in 13.5(a)-13.5(g) or fails to initiate corrective action to the IC’s satisfaction, the IC may terminate this Agreement.

			

 

	 	
			13.7

				
			The IC reserves the right according to 35 U.S.C. §209(d)(3) to terminate or modify this Agreement if it is determined that the action is necessary to meet the requirements for public use specified by federal regulations issued after the date of the license and these requirements are not reasonably satisfied by the Licensee.

			

 

	 	
			13.8

				
			Within thirty (30) calendar days of receipt of written notice of the IC’s unilateral decision to modify or terminate this Agreement, the Licensee may, consistent with the provisions of 37 CFR §404.11, appeal the decision by written submission to the designated the IC official. The decision of the designated IC official shall be the final agency decision. The Licensee may thereafter exercise any and all administrative or judicial remedies that may be available.

			

 

	 	
			13.9

				
			Within ninety (90) calendar days of expiration or termination of this Agreement under this Article 13, a final report shall be submitted by the Licensee. Any royalty payments, including those incurred but not yet paid (such as the full minimum annual royalty), and those related to patent expense, due to the IC shall become immediately due and payable upon termination or expiration.

			

 

 

 

 

	 	
			13.10

				
			Unless otherwise specifically provided for under this Agreement, within thirty (30) calendar days of termination, cancellation or expiration of this Agreement, the Licensee shall return all Materials, Licensed Products or other materials included within the Licensed Patent Rights to the IC or provide the IC with written certification of the destruction thereof. The Licensee may not be granted additional HHS licenses if the final reporting requirement is not fulfilled.

			

 

	
			14.

				
			GENERAL PROVISIONS

			

 

	 	
			14.1

				
			Neither party may waive or release any of its rights or interests in this Agreement except in writing. The failure of the Government to assert a right hereunder or to insist upon compliance with any term or condition of this Agreement shall not constitute a waiver of that right by the Government or excuse a similar subsequent failure to perform any of these terms or conditions by the Licensee.

			

 

	 	
			14.2

				
			This Agreement constitutes the entire agreement between the Parties relating to the subject matter of the Materials, Licensed Patent Rights, Licensed Products and Licensed Processes, and all prior negotiations, representations, agreements, and understandings are merged into, extinguished by, and completely expressed by this Agreement.

			

 

	 	
			14.3

				
			The provisions of this Agreement are severable, and in the event that any provision of this Agreement shall be determined to be invalid or unenforceable under any controlling body of law, this determination shall not in any way affect the validity or enforceability of the remaining provisions of this Agreement.

			

 

	 	
			14.4

				
			If either party desires a modification to this Agreement, the parties shall, upon reasonable notice of the proposed modification by the party desiring the change, confer in good faith to determine the desirability of the modification. No modification shall be effective until a written amendment is signed by the signatories to this Agreement or their designees.

			

 

	 	
			14.5

				
			The construction, validity, performance, and effect of this Agreement shall be governed by Federal law as applied by the Federal courts in the District of Columbia.

			

 

	 	
			14.6

				
			All Agreement notices required or permitted by this Agreement shall be given by prepaid, first class, registered or certified mail or by an express or overnight delivery service provided by a commercial carrier, properly addressed to the other party at the address designated on the Signature Page, or to any other address as may be designated in writing by such other party. Agreement notices shall be considered timely if such notices are received on or before the established deadline date or sent on or before the deadline date as verifiable by U.S. Postal Service postmark or dated receipt from a commercial carrier. Parties should request a legibly dated U.S. Postal Service postmark or obtain a dated receipt from a commercial carrier or the U.S. Postal Service. Private metered postmarks shall not be acceptable as proof of timely mailing.

			

 

 

 

 

	 	
			14.7

				
			This Agreement shall not be assigned or otherwise transferred (including any transfer by legal process or by operation of law, and any transfer in bankruptcy or insolvency, or in any other compulsory procedure or order of court) except to the Licensee’s Affiliate(s) without the prior written consent of the IC. The parties agree that the identity of the parties is material to the formation of this Agreement and that the obligations under this Agreement are nondelegable. In the event, that the IC approves a proposed assignment, the Licensee shall pay the IC, as an additional royalty within sixty calendar (60) days of the assignment execution, one percent (1%) of the Fair Value of any consideration received for any assignment of this Agreement. Licensee shall provide IC with a copy of any executed assignment agreement. The Licensee agrees in its use of any IC-supplied materials to comply with all applicable statutes, regulations, and guidelines, including the NIH and the HHS regulations and guidelines. The Licensee agrees not to use the materials for research involving human subjects or clinical trials in the United States without complying with 21 CFR Part 50 and 45 CFR Part 46. The Licensee agrees not to use the materials for research involving human subjects or clinical trials outside of the United States without notifying the IC, in writing, of the research or trials and complying with the applicable regulations of the appropriate national control authorities. Written notification to the IC of research involving human subjects or clinical trials outside of the United States shall be given no later than sixty (60) days prior to commencement of the research or trials.

			

 

	 	
			14.8

				
			The Licensee acknowledges that it is subject to and agrees to abide by the United States laws and regulations (including the Export Administration Act of 1979 and Arms Export Control Act) controlling the export of technical data, computer software, laboratory prototypes, biological materials, and other commodities. The transfer of these items may require a license from the appropriate agency of the Government or written assurances by the Licensee that it shall not export these items to certain foreign countries without prior approval of the agency. The IC neither represents that a license is or is not required or that, if required, it shall be issued.

			

 

	 	
			14.9

				
			The Licensee agrees to mark the Licensed Products or their packaging sold in the United States with all applicable U.S. patent numbers and similarly to indicate “Patent Pending” status. All Licensed Products manufactured in, shipped to, or sold in other countries shall be marked in a manner to preserve the IC patent rights in those countries.

			

 

	 	
			14.10

				
			By entering into this Agreement, the IC does not directly or indirectly endorse any product or service provided, or to be provided, by the Licensee whether directly or indirectly related to this Agreement. The Licensee shall not state or imply that this Agreement is an endorsement by the Government, the IC, any other Government organizational unit, or any Government employee. Additionally, the Licensee shall not use the names of the IC, NIH, FDA or HHS or the Government or their employees in any advertising, promotional, or sales literature without the prior written approval of the IC.

			

 

	 	
			14.11

				
			Licensee and IC agree to attempt to settle amicably any controversy or claim arising under this Agreement or a breach of this Agreement, except for appeals of modifications or termination decisions provided for in Article 13. The Licensee agrees first to appeal any unsettled claims or controversies to the designated the IC official, or designee, whose decision shall be considered the final agency decision. Thereafter, the Licensee may exercise any administrative or judicial remedies that may be available.

			

 

	 	
			14.12

				
			Nothing relating to the grant of a license, nor the grant itself, shall be construed to confer upon any person any immunity from or defenses under the antitrust laws or from a charge of patent misuse, and the acquisition and use of rights pursuant to 37 CFR Part 404 shall not be immunized from the operation of state or Federal law by reason of the source of the grant.

			

 

	 	
			14.13

				
			Paragraphs 6.5, 6.10, 8.1, 8.2, 9.5-9.7, 12.1-12.5, 13.2, 13.8, 13.9, 13.10, 14.11, 14.12, 14.13 and 14.14 of this Agreement shall survive termination of this Agreement.

			

 

	 	
			14.14

				
			The terms and conditions of this Agreement shall, at the IC’s sole option, be considered by the IC to be withdrawn from the Licensee’s consideration and the terms and conditions of this Agreement, and the Agreement itself to be null and void, unless this Agreement is executed by the Licensee and a fully executed original is received by the IC within sixty (60) calendar days from the date of the IC signature found at the Signature Page.

			

 

SIGNATURES BEGIN ON NEXT PAGE

 

 

 

 

NIH PATENT LICENSE AGREEMENT NONEXCLUSIVE and BML

 

SIGNATURE PAGE

 

For the IC:

 

	________ __________________________ 	                            
	Michael R. Mowatt, Ph.D.	Date

Director

Technology Transfer and Intellectual Property Office

National Institute of Allergy and Infectious Diseases

National Institutes of Health

 

Mailing Address or E-mail Address for Agreement notices and reports:

 

License Compliance and Administration 

Monitoring & Enforcement

Office of Technology Transfer

National Institutes of Health

6011 Executive Boulevard, Suite 325

Rockville, Maryland  20852-3804 U.S.A.

 

 

E-mail: LicenseNotices_Reports@mail.nih.gov

 

 

For the Licensee (Upon, information and belief, the undersigned expressly certifies or affirms that the contents of any statements of the Licensee made or referred to in this document are truthful and accurate.):

 

by:

 

	__________________________________	                            
	Mr. David A. Dodd  	Date

Chairman and CEO

GeoVax, Inc.

1900 Lake Park Drive

Suite 380

Smyrna, GA 30080

ddodd@geovax.com

 

 

 

 

__________________________________

Mr. David A. Dodd

 

__________________________________

Chairman and CEO

 

	 	
			I.

				
			Official and Mailing Address for Agreement notices:

			
	 	 	 
	 	 	Mr. David A. Dodd                                                              
	 	 	Name
	 	 	 
	 	 	Chairman and CEO                                                              
	 	 	Title
	 	 	 
	 	 	Mailing Address
	 	 	 
	 	 	1900 Lake Park Drive                                                          
	 	 	Suite 380                                                                              
	 	 	Smyrna, GA 30080                                                              
	 	 	 
	 	 	 
	 	 	Email Address:     ddodd@geovax.com
	 	 	 
	 	 	Phone:     678-384-7222 (office); 864-290-9114 (mobile)        
	 	 	 
	 	 	Fax:     N/A                                                                               

 

 

 

 

	 	
			II.

				Official and Mailing Address for Financial notices (the Licensee’s contact person for royalty payments)
	 	 	 
	 	 	Mr. David A. Dodd                                                              
	 	 	Name
	 	 	 
	 	 	Chairman and CEO                                                              
	 	 	Title
	 	 	 
	 	 	Mailing Address
	 	 	 
	 	 	GeoVax, Inc.                                                                        
	 	 	 
	 	 	1900 Lake Park Dr. Suite 380                                              
	 	 	 
	 	 	Smyrna, Georgia 30080                                                       
	 	 	 
	 	 	Email Address:     ddodd@geovax.com
	 	 	 
	 	 	Phone:     678-384-7222 (office); 864-290-9114 (mobile)
	 	 	 
	 	 	Fax:     N/A

 

Any false or misleading statements made, presented, or submitted to the Government, including any relevant omissions, under this Agreement and during the course of negotiation of this Agreement are subject to all applicable civil and criminal statutes including Federal statutes 31 U.S.C. §§3801-3812 (civil liability) and 18 U.S.C. §1001 (criminal liability including fine(s) and/or imprisonment).

 

 

 

 

APPENDIX A – Patent(s) or Patent Application(s)

 

Patent(s) or Patent Application(s):

 

	
			I.

				
			E-552-1982 technology:

			

 

	
			HHS Ref. No.

				
			Territory

				
			Application No.

				
			Patent No.

			
	
			E-552-1982-2-US-03

				
			United States

				
			07/987,546

				
			7045313

			
	
			E-552-1982-2-US-04

				
			United States

				
			08/470,357

				
			7015024

			
	
			E-552-1982-2-US-06

				
			United States

				
			08/470,360

				
			6998252

			
	
			E-552-1982-2-US-05

				
			United States

				
			08/470,359

				
			7045136

			

 

 

	
			II.

				
			E-018-2010 technology:

			

 

	
			HHS Ref. No.

				
			Territory

				
			Application No.

				
			Patent No.

			
	
			E-018-2010-0-AU-03

				
			Australia

				
			2010306559

				
			2010306559

			
	
			E-018-2010-0-CA-04

				
			Canada

				
			2777744

				
			2777744

			
	
			E-018-2010-0-EP-05

				
			European Patent

				
			10771611

				
			2488649, validated in DE, DK, FR, GB, NL

			
	
			E-018-2010-0-IN-06

				
			India

				
			4311/DELNP/2012

				
			*presently pending

			
	
			E-018-2010-0-JP-07

				
			Japan

				
			2012-534414

				
			5789263

			
	
			E-018-2010-0-US-08

				
			United States

				
			13/502,205

				
			9,133,480

			
	
			E-018-2010-0-ZA-09

				
			South Africa

				
			2012/03551

				
			2012/03551

			
	
			E-018-2010-0-US-10

				
			United States

				
			14/837,382

				
			9,879,231

			
	
			E-018-2010-0-PCT-02

				
			PCT

				
			PCT/US2010/052929

				
			expired

			
	
			E-018-2010-0-US-01

				
			United States

				
			61/252,326

				
			converted

			

 

 

	
			III.

				
			E-248-2006 technology:

			

 

	
			HHS Ref. No.

				
			Territory

				
			Application No.

				
			Patent No.

			
	
			E-248-2006-0-EP-03

				
			European Patent

				
			07874019.8

				
			07874019.8, validated in BE, CH, DE, DK, ES, FR, GB, IE, IT, NL

			
	
			E-248-2006-0-IN-04

				
			India

				
			1535/DELNP/2009

				
			281791

			
	
			E-248-2006-0-US-05

				
			United States

				
			12/377,847

				
			9,133,478

			
	
			E-248-2006-0-CN-06

				
			China

				
			200780035385.3

				
			200780035385.3

			
	
			E-248-2006-0-EP-07

				
			European Patent

				
			11183527.8

				
			11183527.8, validated in DE, DK, ES, FR, GB, NL

			
	
			E-248-2006-0-CN-18

				
			China

				
			2013100549071

				
			2013100549071

			
	
			E-248-2006-0-US-19

				
			United States

				
			14/833,913

				
			10,421,978

			
	
			E-248-2006-0-CN-20

				
			China

				
			201610183481.3

				
			*presently pending

			
	
			E-248-2006-0-US-26

				
			United States

				
			16/579,276

				
			*presently pending

			
	
			E-248-2006-1-PCT-02

				
			PCT

				
			PCT/US2007/076829

				
			expired

			
	
			E-248-2006-0-PCT-02

				
			PCT

				
			PCT/IB2007/004575

				
			expired

			
	
			E-248-2006-1-US-01

				
			United States

				
			60/840,755

				
			converted

			
	
			E-248-2006-0-US-01

				
			United States

				
			60/840,093

				
			converted

			

 

 

 

 

	
			IV.

				
			E-234-2016 technology:

			

 

	
			HHS Ref. No.

				
			Territory

				
			Application No.

				
			Patent No.

			
	
			E-234-2016-1-EP-02

				
			European Patent

				
			17800655.7

				
			*presently pending

			
	
			E-234-2016-1-US-03

				
			United States

				
			16/344,774

				
			*presently pending

			
	
			E-234-2016-1-PCT-01

				
			PCT

				
			17800655.7

				
			expired

			
	
			E-234-2016-0-US-01

				
			United States

				
			62/412,703

				
			converted

			

 

 

	
			V.

				
			E-086-2020 technology:

			

 

	
			HHS Ref. No.

				
			Territory

				
			Application No.

				
			Patent No.

			
	
			E-086-2020-0-US-01

				
			United States

				
			62/972,886

				
			*presently pending

			

 

 

 

 

APPENDIX B – TANGIBLE MATERIALS, Licensed Fields of Use and Territory

 

	
			I.

				
			Tangible Materials:

			

 

	 	
			(a)

				
			plasmid shuttle vector pLW-76 (as described by HHS reference number E-018-2010/0).

			

 

	 	
			(b)

				
			plasmid shuttle vector pLW-73 (as described by HHS reference number E-248-2006/0).

			

 

 

	
			II.

				
			Licensed Fields of Use:

			

 

	 	
			(a)

				
			development and use of Licensed Patent Rights and Materials in combination with Licensee’s proprietary technology for the creation of a preventive Modified Vaccinia Ankara Virus-Virus Like Particle (MVA-VLP) vaccine primes and/or boosters against -“SARS-CoV-2.”

			

 

	
			III.

				
			Licensed Territory:

			

 

	 	
			(a)

				
			Worldwide.

			

 

 

 

 

APPENDIX C – Royalties

 

 

 

[This appendix has been redacted in its entirety]

 

 

 

 

APPENDIX D – Benchmarks and Performance

 

 

 

[This appendix has been redacted in its entirety]

 

 

 

 

APPENDIX E – Commercial Development Plan

 

Commercial Market and Commercialization Plans

 

 

The anticipated relevant commercial market consists primarily of government agencies and health organizations purchasing for at risk worldwide populations of contracting COVID-19, which at this time is nearly universal due to the fluid epidemiological nature of this virus.

 

GeoVax anticipates that there will be multiple COVID-19 vaccines successfully developed and licensed for use. Depending on the eventual epidemiology of COVID-19, there may be need for ongoing Product supply and support or the dynamics may dictate more of a public health stockpile/replenishment business model. Regardless, GeoVax management is highly experienced in successful management of Product acceptance and supply in either situation.

 

Eventual market acceptance, penetration and competitive market share will be a function of the attributes of the Product (e.g., single-dose; durability; efficacy; stability; cost, etc.) that is demonstrated via the product development process. In addition, order of market entry will be a factor in market use and market share attained. GeoVax is focused on rapidly developing the Product, advancing into animal testing as soon as possible, then into clinical development, advancing to regulatory licensure. Upon regulatory licensure, GeoVax anticipates Product commercialization within three months, having minimized the interim commercial-planning period between regulatory submission decision and licensure.

 

Following successful completion of Phase 2 clinical development, GeoVax will establish secure commercial distribution and supply chain agreements/relationships to enable eventual commercialization and Product supply across global territories. GeoVax management has extensive experience in establishing and successfully managing a combination of internal and such external commercial/distribution relations throughout Europe, Africa, South America and the Asia/Pacific region.

 

Eventual sales derived from the Product commercialization will result from several factors, including those previously noted: Product differentiation/performance attributes; order of market entry; COVID-19 epidemiology and dynamics; manufacturing costs; and, Product pricing. All such commercial-related factors will be evaluated, along with other factors that may be specific to differing governmental territories, healthcare systems, etc., during the Product development process. Current information suggests that a COVID-19 vaccine will be utilized throughout the world, but critical epidemiologic dynamics remain uncertain.

 

GeoVax will focus priority effort on ensuring broad access to the COVID-19 vaccine, following a model of achieving marginal profit, recognizing the critical need to ensure widespread access and benefit from the anticipated COVID-19 vaccine. Further commercial and market-related information will continue to evolve, providing an ongoing basis to refine the specific market parameters such as (a) number of relevant patients (US and worldwide), (b) utilization of Product (ongoing or episodic), (c) differentiation of Product versus competitive products (re market acceptance and penetration) and other critical commercial parameters.

 

  

 

Clinical Development and Regulatory Plans

 

 

Toxicology:

 

Toxicology testing is absent from our project plan. We had an Initial Targeted Engagement for Regulatory Advice on CBER products (INTERACT) meeting on May 15, 2020 with the FDA in which we discussed our overall development plan and our proposal to omit animal toxicity testing in light of the proven safety profile of MVA as a vaccine platform. Acknowledging the previous safety experience available for MVA-based vaccine platforms, the FDA concurred that no additional non-clinical and toxicology studies will be required, provided that the immune response to the ultimately chosen GeoVax vaccine construct is adequately assessed in appropriate animal models.

 

 

 

 

Clinical:

 

As described below under Regulatory Path, our development program is geared toward Emergency Use Authorization (EUA) readiness. To generate the human safety and immunogenicity data required for an EUA, we will propose a Phase 1a/1b trial to FDA. The final design of the clinical trial will be determined in discussions with FDA, most importantly the Pre-IND meeting. Our draft design for this study, which can be completed in approximately four months (excluding follow-up phase), calls for a Phase 1a dose-ranging study in approximately 40 volunteers (three vaccine groups and one placebo group; 10 participants per group). Assuming that safety endpoints are met, we will choose a single dose from the dose-ranging study and test it in Phase 1b in approximately 150 volunteers (100 in vaccine group, 50 in placebo group). With this Phase 1a/1b trial, we expect to obtain adequate data to enable use of the vaccine under an EUA.

 

In the Phase 1a/1b Clinical Trial, we will obtain safety and immunogenicity data in healthy normal volunteers. An abbreviated synopsis for this clinical trial is provided in the table below. Our trial is designed to provide initial data on safety, tolerability, and immunogenicity and to identify an optimal regimen in Phase 1a and then to obtain additional data in a larger, more diverse population in Phase 1b to enable use of our vaccine under an EUA.

 

 

	
			Abbreviated Clinical Trial Synopsis

			
	
			Group

				
			N

				
			Vaccine (target virus)

				
			Dose (TCID50)

				
			Regimen

			
	
			Phase 1a (Single Site, Healthy Normal Volunteers)

			
	
			1

				
			15

				
			GEO-SARS-CoV2

				
			1 × 107

				
			Single dose (day 0)

			
	
			2

				
			15

				
			GEO-SARS-CoV2

				
			3 × 107

				
			Single dose (day 0)

			
	
			3

				
			15

				
			GEO-SARS-CoV2

				
			1 × 108

				
			Single dose (day 0)

			
	
			4

				
			15

				
			GEO-SARS-CoV2

				
			1 × 108

				
			Prime-boost (days 0 & 28)

			
	
			6

				
			15

				
			Placebo

				
			-

				
			Prime-boost (days 0 & 28)

			
	
			Phase 1b (Multiple Sites, Healthy Normal Volunteers)

			
	
			7

				
			150

				
			GEO-SARS-CoV2

				
			Determined based on results of Phase 1a

			
	
			8

				
			50

				
			Placebo

				
			Determined based on results of Phase 1a

			
	
			Measurements

			
	
			Standard safety and tolerability assessments, binding antibody, neutralizing antibody, T-cell responses

			

 

 

The Phase 1a/1b strategy is our preferred strategy, but we will present plans for Phase 1 and Phase 2 studies to be implemented if FDA does not accept Phase 1a/1b as adequate to enable an EUA. Planning for the Phase 1 study will commence during Q4 2020, working in conjunction with clinical advisors and seeking input from the FDA. Management of the clinical development program and requisite regulatory support will be performed by TRI (Technical Resources International), a highly experienced Contract Research Organization with experience supporting ~800 vaccine studies, extensive knowledge of clinical trial management and regulatory relative to vaccine development and registration.

 

The Phase 1 study is anticipated to include between 30-50 patients across 3-5 sites within the U.S. The Phase 2 and Phase 3 clinical programs will be designed in conjunction with input from the FDA, assistance from TRI and input from internal clinical advisors and staff. Planning for the Phase 2 program is anticipated to begin during Q4 2021, although informal planning and design of the study will begin earlier. The Phase 2 study is anticipated to include approximately 100-200 patients utilizing 10-20 sites in the U.S., however, depending on which of the GeoVax COVID-19 vaccines advances to clinical development, the protocol will be appropriately modified and designed to support the Phase 2 study relative to that respective vaccine.

 

Upon successful completion of the Phase 2 program, FDA will be consulted relative to clinical protocol design requirement for the Phase 3 program. Typically, a Phase 3 study for an infectious disease vaccine includes a minimum of ~5,000 participants, but can include as high as 30,000+. Should the Phase 3 COVID-19 candidate vaccine be the design relative to very high-risk, immunocompromised populations, the study design would include fewer patients, using a stratified cohort design. The first dosing of a patient in the Phase 3 program is expected to occur by December 1, 2023 with submission of the BLA targeted by June 1, 2025. Regulatory approval is anticipated to occur by June 1, 2026, with anticipated commercialization and market entry scheduled to occur within three months of regulatory approval. Throughout the clinical development program, including the design and planning periods, interaction and input from FDA will be sought, as well as ongoing involvement of highly recognized clinical experts within the infectious disease vaccine industry.

 

 

 

 

Regulatory Path:

 

It is unclear whether 2019-nCoV will persist as a pathogen, like influenza, or will be contained, like SARS. Anticipating the former, our focus is on bringing the vaccine to the point of readiness for use under an EUA, the regulatory process by which the FDA Commissioner may allow unapproved medical products or unapproved uses of approved medical products to be used in an emergency to diagnose, treat, or prevent serious or life-threatening diseases or conditions caused by CBRN threat agents when there are no adequate, approved, and available alternatives.

 

To minimize the time required to obtain an EUA, we will engage with FDA early and often in the development process for our vaccine. We had an Initial Targeted Engagement for Regulatory Advice on CBER products (INTERACT) meeting on May 15, 2020 with the FDA in which discussed our overall development plan and our proposal to omit animal toxicity testing in light of the proven safety profile of MVA as a vaccine platform. Acknowledging the previous safety experience available for MVA-based vaccine platforms, the FDA concurred that no additional non-clinical and toxicology studies will be required, provided that the immune response to the ultimately chosen GeoVax vaccine construct is adequately assessed in appropriate animal models.

 

As soon as process development and animal studies have generated clear data on the performance of the vaccine, we will present our plans for first-in-human clinical testing to FDA in a Pre-IND meeting. When our Phase 1 clinical trial material has been produced and all IND-enabling studies have been completed, we will file an IND to enable initiation of clinical trials. During our clinical trials and in consultation with FDA, we will produce vaccine suitable for use under an EUA. Upon completion of the initial clinical trial and production of the EUA lots (which will occur almost simultaneously, assuming that a Phase 1a/1b trial is adequate), we will achieve EUA readiness in approximately 14 months.

 

 

 

 

APPENDIX F –Royalty ReportING

 

Required royalty report information includes:

 

	
			●

				
			License reference number (L-XXX-200X/0)

			
	
			●

				
			Reporting period

			
	
			●

				
			Catalog number and units sold of each Licensed Product (domestic and foreign)

			
	
			●

				
			Gross Sales per catalog number per country

			
	
			●

				
			Total Gross Sales

			
	
			●

				
			Itemized deductions from Gross Sales

			
	
			●

				
			Total Net Sales

			
	
			●

				
			Earned Royalty Rate and associated calculations

			
	
			●

				
			Gross Earned Royalty

			
	
			●

				
			Adjustments for Minimum Annual Royalty (MAR) and other creditable payments made

			
	
			●

				
			Net Earned Royalty due

			

 

Example

	
			Catalog Number

				
			Product Name

				
			Country

				
			Units Sold

				
			Gross Sales (US$)

			
	
			1

				
			A

				
			US

				
			250

				
			62,500

			
	
			1

				
			A

				
			UK

				
			32

				
			16,500

			
	
			1

				
			A

				
			France

				
			25

				
			15,625

			
	
			2

				
			B

				
			US

				
			0

				
			0

			
	
			3

				
			C

				
			US

				
			57

				
			57,125

			
	
			4

				
			D

				
			US

				
			12

				
			1,500

			

	 	
			Total Gross Sales

				
			153,250

				 
	 	
			Less Deductions:

				 	 
	 	
			Freight

				
			3,000

				 
	 	
			Returns

				
			7,000

				 
	 	
			Total Net Sales

				
			143,250

				 
	 	 	 	 
	 	
			Royalty Rate

				
			8%

				 
	 	
			Royalty Due

				
			11,460

				 
	 	
			Less Creditable Payments

				
			10,000

				 
	 	
			Net Royalty Due

				
			1,460

				 

 

 

 

 

Appendix G – Royalty Payment Options

New Payment Options Effective March 2018

 

The License Number MUST appear on payments, reports and correspondence.

 

Credit and Debit Card Payments: Credit and debit card payments can be submitted for amounts up to $24,999. Submit your payment through the U.S. Treasury web site located at: https://www.pay.gov/public/form/start/28680443.

 

Automated Clearing House (ACH) for payments through U.S. banks only

 

The IC encourages its licensees to submit electronic funds transfer payments through the Automated Clearing House (ACH). Submit your ACH payment through the U.S. Treasury web site located at: https://www.pay.gov/public/form/startJ28680443. Please note that the IC "only" accepts ACH payments through this U.S. Treasury web site.

 

Electronic Funds Wire Transfers: The following account information is provided for wire payments. In order to process payment via Electronic Funds Wire Transfer sender MUST supply the following information within the transmission:

 

Drawn on a U.S. bank account via FEDWIRE:

 

Please provide the following instructions to your Financial Institution for the remittance of Fedwire payments to the NIH ROYALTY FUND.

 

	
			Fedwire Field Tag

				
			Fedwire Field Name

				
			Required Information

			
	 
	
			{1510}

				
			Type/Subtype

				
			1000

			
	
			{2000}

				
			Amount

				
			(enter payment amount)

			
	
			{3400}

				
			Receiver ABA routing number*

				
			021030004

			
	
			{3400}

				
			Receiver ABA short name

				
			TREAS NYC

			
	
			{3600}

				
			Business Function Code

				
			CTR (or CTP)

			
	
			{4200}

				
			Beneficiary Identifier (account number)

				
			(enter 12 digit gateway account #)

			875080031006

			
	
			{4200}

				
			Beneficiary Name

				
			(enter agency name associated with the Beneficiary Identifier)

			DHHS / NIH (75080031)

			
	
			{5000}

				
			Originator

				
			(enter the name of the originator of the payment)

			COMPANY NAME

			
	
			{6000}

				
			Originator to Beneficiary Information – Line 1

				
			(enter information to identify the purpose of the payment)

			ROYALTY

			
	
			{6000}

				
			Originator to Beneficiary Information – Line 2

				
			(enter information to identify the purpose of the payment)

			LICENSE NUMBER

			
	
			{6000}

				
			Originator to Beneficiary Information – Line 3

				
			(enter information to identify the purpose of the payment)

			INVOICE NUMBER

			
	
			{6000}

				
			Originator to Beneficiary Information – Line 4

				
			(enter information to identify the purpose of the payment)

			
	
			Notes:

			*The financial institution address for Treasury’s routing number is 33 Liberty Street, New York, NY 10045.

			

 

 

 

 

Agency Contacts: Office of Technology Transfer (OTT) (301) 496-7057 OTT-Royalties@mail.nih.gov

 

Drawn on a foreign bank account via FEDWIRE:

 

The following instructions pertain to the Fedwire Network. Deposits made in US Dollars (USD).

 

Should your remitter utilize a correspondent US domestic bank in transferring electronic funds, the following Fedwire instructions are applicable.

 

	
			Fedwire Field Tag

				
			Fedwire Field Name

				
			Required Information

			
	 
	
			{1510}

				
			Type/Subtype

				
			1000

			
	
			{2000}

				
			Amount

				
			(enter payment amount)

			
	
			{3100}

				
			Sender Bank ABA routing number

				
			(enter the US correspondent bank’s ABA routing number)

			
	
			{3400}

				
			Receiver ABA routing number*

				
			021030004

			
	
			{3400}

				
			Receiver ABA short name

				
			TREAS NYC

			
	
			{3600}

				
			Business Function Code

				
			CTR (or CTP)

			
	
			{4200}

				
			Beneficiary Identifier (account number)**

				
			(enter 12 digit gateway account #)

			875080031006

			
	
			{4200}

				
			Beneficiary Name

				
			(enter agency name associated with the Beneficiary Identifier)

			DHHS / NIH (75080031)

			
	
			{5000}

				
			Originator

				
			(enter the name of the originator of the payment)

			COMPANY’S NAME

			
	
			{6000}

				
			Originator to Beneficiary Information – Line 1

				
			(enter information to identify the purpose of the payment)

			ROYALTY

			
	
			{6000}

				
			Originator to Beneficiary Information – Line 2

				
			(enter information to identify the purpose of the payment)

			LICENSE NUMBER

			
	
			{6000}

				
			Originator to Beneficiary Information – Line 3

				
			(enter information to identify the purpose of the payment)

			INVOICE NUMBER

			
	
			{6000}

				
			Originator to Beneficiary Information – Line 4

				
			(enter information to identify the purpose of the payment)

			
	
			Notes:

			*The financial institution address for Treasury’s routing number is 33 Liberty Street, New York, NY 10045.

			**Anything other than the 12 digit gateway account # will cause the Fedwire to be returned – SWIFT CODE: FRNYUS33

			

 

 

 

 

Agency Contacts:

 

Office of Technology Transfer (OTT)     (301) 496-7057     OTT-Royalties@mail.nih.gov

 

Checks

 

All checks should be made payable to “NIH Patent Licensing”

 

Checks drawn on a U.S. bank account and sent by US Postal Service should be sent directly to the following address:

 

National Institutes of Health

P.O. Box 979071

St. Louis, MO 63197-9000

 

Checks drawn on a U.S. bank account and sent by overnight or courier should be sent to the following address:

 

US Bank

Government Lockbox SL-MO-C2GL

1005 Convention Plaza

St. Louis, MO 63101

Phone: 314-418-4087

 

Checks drawn on a foreign bank account should be sent directly to the following address:

 

National Institutes of Health

Office of Technology Transfer

License Compliance and Administration

Royalty Administration

6011 Executive Boulevard

Suite 325, MSC 7660

Rockville, Maryland 20852

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