Document:

Long Term Incentive Plan

 Exhibit 10.1 
 ICT Group, Inc. Long-Term Incentive Plan 
  

	1.	Plan Objective 

 The ICT Group, Inc. Long-Term Incentive Plan is
designed to encourage results-oriented actions on the part of identified senior managers of ICT Group, Inc. (the “Company”). The Plan is intended to align closely financial rewards to managers with the achievement of specific performance
objectives by the Company. 
  

	2.	Definitions 

 (a)
“Administrator” shall mean the Committee, with respect to Officers, and the Chief Executive Officer (“CEO”) or an individual or committee to whom authority has been delegated, as applied to all other employees. 

(b) “Award” shall mean the incentive award earned by a Participant under the Plan for a Performance Period, if any.

 (c) “Award Agreement” shall mean a written document issued by the Administrator to a Participant that describes
the Award to be paid by the Company to the Participant. 
 (d) “Code” shall mean the Internal Revenue Code of 1986,
as amended and the regulations promulgated thereunder. 
 (e) “Committee” shall mean the Compensation Committee of
the Board of Directors of the Company. 
 (f) “Company” shall mean ICT Group, Inc., a Pennsylvania corporation.

 (g) “Common Stock” shall mean common stock of the Company, par value $.01 per share. 
 (h) “Fair Market Value” shall mean, with respect to a given day, (i) the closing sales price of a Share as reported on the
principal securities exchange on which Shares are then listed or admitted to trading, or (ii) if not so reported, the closing sales price on the immediately preceding business day of a Share as published in the NASDAQ National Market Issues
report in the Eastern Edition of the Wall Street Journal, or (iii) if not so reported, the average of the closing bid and asked prices on the immediately preceding business day as reported on the NASDAQ National Market System, or
(iv) if not so reported, as furnished by any member of the National Association of Securities Dealers, Inc. selected by the Committee; provided, however, that to the extent applicable, all determinations of Fair Market Value shall be
made in a manner consistent with the requirements of section 409A of the Code. 
  

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 (i) “Officer” shall mean an employee who is a “covered employee” of the
Company for purposes of section 162(m) of the Code (as defined in Treas. Regulation § 1.162 – 27(a)(2) or successor regulations of comparable intent). 
 (j) “Participant” shall mean senior managers of the Company designated by the Administrator as eligible to participate in the Plan for a Performance Period. 
 (k) “Performance Goals” shall mean the specific performance objectives established by the Administrator for a Performance Period
in accordance with Section 5 which may include threshold, target and maximum levels for each performance objective. 
 (l)
“Performance Period” shall mean, unless the Administrator determines otherwise, a period of three calendar years beginning on January 1 of the first calendar year and ending on December 31 of the third calendar year.

 (m) “Plan” shall mean the ICT Group, Inc. Long-Term Incentive Plan, as set forth herein and as may be amended from
time to time. 
 (n) “Share” shall mean a share of Common Stock of the Company. 
 (o) “Stock Unit” shall mean a unit that represents the right to receive a Share of Common Stock on a future redemption date
pursuant to the terms and conditions of an applicable equity compensation plan maintained in the Company. 
 (p) “Target
Award” shall have the meaning as defined in Section 5 below. 
  

	3.	Eligibility 

 All senior management employees of the Company and its
subsidiaries who are identified by the Committee are eligible to participate in the Plan. The Administrator shall designate the senior management employees who shall participate in the Plan for each Performance Period. 
  

	4.	Administration 

 (a) The Plan shall be
administered by the Committee, which shall set overall goals and assess the ongoing effectiveness of the Plan. With respect to employees who are Officers of the Company, the Committee shall make all operative determinations. However, if so delegated
by the Committee, the Plan shall be administered by the CEO with respect to all other employees. With the consent of the Committee, the CEO may delegate his authority to administer the Plan to an individual or other committee. The Committee
shall be comprised of at least two outside directors, as that term is defined in section 162(m) of the Code. 
 (b) The Administrator
shall have full power and authority to establish the rules and regulations relating to the Plan, to interpret the Plan and those rules and regulations, to select Participants for the Plan, to determine each Participant’s Target Award,
Performance Goals and actual Award, to make all factual and other determinations in connection with the Plan, and to take all other actions necessary or appropriate for the proper administration of the Plan, including the delegation of such
authority or power, where appropriate. Only the Committee shall take the foregoing actions with respect to Officers. 
  

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 (c) All powers of the Administrator shall be executed in its sole discretion, in the best interest
of the Company, not as a fiduciary, and in keeping with the objectives of the Plan and need not be uniform as to similarly situated individuals. The Administrator’s administration of the Plan, including all such rules and regulations,
interpretations, selections, determinations, approvals, decisions, delegations, amendments, terminations and other actions, shall be final and binding on the Company and all employees of the Company, including the Participants and their respective
beneficiaries. No member of the Committee shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan. 
  

	5.	Target Awards and Performance Goals 

 (a) At
the beginning of each Performance Period as designated by the Administrator, the Administrator shall establish for each Participant a Target Award, which shall be expressed as a percentage of base salary. Target Awards will be based on a number of
factors, including, but not limited to, (i) market competitiveness of the position, (ii) job level, (iii) base salary level, (iv) past individual performance, and (v) expected contribution to future Company performance and
business impact. The Administrator shall also establish for each Officer a maximum Award that may be paid for the Performance Period. The maximum amount for Officers shall remain fixed for the entire Performance Period. 
 (b) At the beginning of each Performance Period, the Administrator shall establish for each Participant Performance Goals that must be met in
order for an Award to be payable for the Performance Period. The Administrator shall establish in writing: (i) the Performance Goals that must be met, (ii) the threshold, target and maximum amounts that may be paid if the applicable
Performance Goals are met, and (iii) any other conditions that the Administrator deems appropriate and consistent with the Plan and, in the case of Officers, in compliance with section 162(m) of the Code. The Administrator shall establish
objective Performance Goals for each Participant related to the Participant’s business unit or the performance of the Company and its parents, subsidiaries and affiliates as a whole, or any combination of the foregoing. The Administrator shall
notify each Participant of his or her Target Award and the Performance Goals for the Performance Period. 
 (c) The objectively
determinable Performance Goals shall be based on one or more of the following criteria related to the Participant’s business unit or the performance of the Company and its parents, subsidiaries and affiliates as a whole, or any combination of
the foregoing: EBT (earnings before tax), earnings per share, EBITDA (earnings before interest, taxes, depreciation and amortization), net earnings, operating or other earnings, profits, revenues, net cash flow, financial return ratios, return on
assets, stock price, shareholder return, return on equity, growth in assets, unit volume, sales or market share. 
 (d) For Officers,
the Administrator must establish the Target Awards and Performance Goals no later than the earlier of (i) 90 days after the beginning of the Performance Period or (ii) the date on which 25% of the Performance Period has been completed, or
such other date as may be required or permitted under applicable regulations under section 162(m) of the Code. The Performance Goals for each Officer for each Performance Period are intended to satisfy the requirements for “qualified
performance-based compensation” under section 162(m) of the Code, including the requirement that the achievement of the Performance Goals be substantially uncertain at the time they are established and that the Performance Goals be established
in such a way that a third party with knowledge of the relevant facts could determine whether and to what extent the 

  

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Performance Goals have been met and the amount of the Award payable to the Participant under the Plan, if any.  
 (e) Each Participant will earn an Award for a Performance Period based on the level of achievement of the Performance Goals established by the
Administrator. The Administrator shall have the discretion to interpolate between threshold, target and maximum levels to determine the level of achievement of the Performance Goals and the amount of the corresponding award for achievement of the
Performance Goals. 
 (f) The maximum Award that may be paid to an Officer for a Performance Period shall not exceed $5 million. The
Administrator may establish a lower maximum Award for an Officer as it deems necessary or appropriate. 
  

	6.	Payment of Incentive Awards 

 (a) All Awards
shall be subject to the terms and conditions set forth herein and to such other terms and conditions consistent with the Plan as the Administrator deems appropriate and as are specified in writing by the Administrator to the individual in the Award
Agreement. 
 (b) The Committee shall approve the form of each Award. The Committee shall have the discretion to determine to pay
part, or all, of the Award in cash, in Shares or in Stock Units, or in some combination thereof. 
 (c) The Administrator shall
certify and announce to the Participants the Awards that will be paid by the Company as soon as practicable following the final determination of the Company’s financial results for the Performance Period. Payment of the Awards certified by the
Administrator shall be made in cash, Stock Units, or a combination of cash and Stock Units, as soon as practicable following the close of the Performance Period, but in any event within two and one-half months after the close of the
Performance Period. As to Officers, prior to the payment of any Award under the Plan, the Administrator shall certify in writing that the Performance Goals and other material terms have been met. 
 (d) The portion of a Participant’s Award that the Committee determines shall be paid in Stock Units, if any, shall be equal to the result of
dividing (i) the amount of the Award to be converted to Stock Units divided by (ii) the Fair Market Value of a Share as of the Award date. All Stock Units awarded under the Plan will vest according to the schedule determined by the
Committee on the date of the Award and set forth in the Participant’s Award Agreement. Except as otherwise provided in this Plan or in the relevant Participant’s Award Agreement or in the Participant’s employment agreement, if any,
with the Company, if a Participant incurs a Separation from Service prior to fully vesting in his or her Stock Units, the unvested Stock Units shall be immediately forfeited. Notwithstanding any contrary provision of this Plan, all unvested Stock
Units shall fully vest and become nonforfeitable in the event of (i) the Participant’s death or Disability; (ii) the Participant’s retirement after attaining the combined age and years of service as may be determined by the
Committee from time to time to constitute retirement; or (iii) consummation of a transaction constituting a Change in Control (whether or not the relevant Participant’s employment is terminated). If not otherwise defined in this Plan or in
the Award Agreement, capitalized terms used in subsections (d) and (f) shall have the meaning set forth in the Participant’s employment agreement; however, if the Participant does not have an employment agreement or the
Participant’s 

  

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employment agreement does not define these terms then they shall have the meanings set forth in the 1996 Equity Compensation Plan (or any successor thereto)
or in the relevant Award Agreement. 
 (e) To the extent permitted by the Committee in its sole discretion, participants may elect to
defer amounts payable or distributable under the Plan to the ICT Group Non-Qualified Executive Retirement Plan or any successor thereto (the “Non-Qualified Plan”). The Committee shall have the authority to amend the Non-Qualified Plan as
the Committee deems necessary or appropriate in order to coordinate the provisions of the Non-Qualified Plan with this Plan. 
 (f)
Unless otherwise determined by the Committee, participants must be employed on the day an Award is paid to be eligible for such Award. Participants who terminate employment prior to the last day of the Performance Period will not be
eligible for any Award payment for that Performance Period, except as the Administrator may otherwise determine. Notwithstanding the above, in the event of the occurrence of any of the events described in subsection d(i) (death or Disability);
d(iii) (retirement) or d(iv) (Change in Control), the Participant’s rights under this Plan and under the Participant’s Award Agreement shall be determined as if the Participant had remained employed by the Company through the last day of
the Performance Period and had achieved attainment of the applicable performance criteria for each year of the Performance Period at the same level as was attained for the most recent full year within the Performance Period (with the result that
there must be at least the full year of performance results within the applicable Performance Period in order for the Participant to obtain a benefit under the provision). In addition, in the event of the Participant’s termination of employment
by the Company without Cause, the Participant’s entitlement to a benefit under this Plan and under the Participant’s Award Agreement shall be determined as if the Participant were employed through the last day of the year during the
Performance Period in which the termination of employment occurs, and the performance attainment level deemed achieved for that year shall be equal to the level attained in the immediately prior full performance year, provided, however, that the
termination without Cause must occur in the fourth quarter of the last year of the Performance Period in order for the Participant to obtain a benefit under this provision. 
 (g) The Administrator may establish appropriate terms and conditions to accommodate newly hired and promoted employees, consistent, in the case of
Officers, with section 162(m) of the Code. 
  

	7.	Changes to Performance Goals and Target Awards 

 At any time prior
to the final determination of Awards for Participants other than Officers, the Administrator may adjust the Performance Goals and Target Awards to reflect a change in corporate capitalization (such as a stock split or stock dividend), or a corporate
transaction (such as a merger, consolidation, separation, reorganization or partial or complete liquidation), or to reflect equitably the occurrence of any extraordinary event, any change in applicable accounting rules or principles, any change in
the Company’s method of accounting, any change in applicable law, any change due to any merger, consolidation, acquisition, reorganization, stock split, stock dividend, combination of shares or other changes in the Company’s corporate
structure or shares, or any other change of a similar nature. The Administrator may make the foregoing adjustments with respect to Officers’ Awards to the extent the Administrator deems appropriate, considering the requirements of section
162(m) of the Code. 
  

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	8.	Amendments and Termination 

 (a) The Company
may at any time amend or terminate the Plan by action of the Committee; provided, however, that the Committee shall not amend the Plan as to Officers without shareholder approval if such approval is required by section 162(m) of the Code or other
applicable legal or regulatory standards. Without limiting the foregoing, the Company, by action of the Administrator, shall have the right to modify the terms of the Plan as may be necessary or desirable to comply with the laws or local customs of
countries in which the Company operates or has employees. 
 (b) As to Officers, the Plan must be reapproved by the shareholders no
later than the first shareholders’ meeting that occurs in the fifth year following the year in which the shareholders previously approved the Plan, or at such other times, if any, if required by section 162(m) of the Code or the regulations
thereunder. 
  

	9.	Miscellaneous Provisions 

 (a) This Plan is
not a contract between the Company and the Participants. Neither the establishment of this Plan, nor any action taken hereunder, shall be construed as giving any Participant any right to be retained in the employ of the Company or any of its
subsidiaries. Nothing in the Plan, and no action taken pursuant to the Plan, shall affect the right of the Company to terminate a Participant’s employment at any time and for any or no reason. The Company is under no obligation to continue the
Plan. 
 (b) A Participant’s right and interest under the Plan may not be assigned or transferred, except as provided in
Section 6(i) of the Plan upon death, and any attempted assignment or transfer shall be null and void and shall extinguish, in the Company’s sole discretion, the Company’s obligation under the Plan to pay Awards with respect to the
Participant. The Company’s obligations under the Plan may be assigned to any corporation which acquires all or substantially all of the Company’s assets or any corporation into which the Company may be merged or consolidated. 

(c) The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund, or to make any other segregation
of assets, to assure payment of Awards. The Company’s obligations hereunder shall constitute a general, unsecured obligation, Awards shall be paid solely out of the Company’s general assets, and no Participant shall have any right to any
specific assets of the Company. 
 (d) The Company shall have the right to deduct from Awards any and all federal, state and local
taxes or other amounts required by law to be withheld. 
 (e) It is the intent of the Company that the Plan and Awards under the Plan
for Officers comply with the applicable provisions of section 162(m) and section 409A of the Code, and the Committee shall have the discretion to revise the provisions and the administration of the Plan to effect compliance with all such
requirements. To the extent that any legal requirement of section 162(m) of the Code as set forth in the Plan ceases to be required under section 162(m) of the Code, in accordance with the decision of the Committee, such Plan provision shall cease
to apply. 
  

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 (f) The Company’s obligation to pay compensation as herein provided is subject to any
applicable orders, rules or regulations of any government agency or office having authority to regulate the payment of wages, salaries, and other forms of compensation. 
 (g) In the event that any provision in this Plan or the Award Agreement shall be held invalid or unenforceable, such provision shall be severable from, and such invalidity or unenforceability shall not be
construed to have any effect on, the remaining provisions of this Plan. 
 (h) In the event of a conflict between one or more
provisions of this Plan and one or more provisions of the Award Agreements, the provisions of this Plan shall govern unless the Award Agreement is specific that its provisions shall control. 
 (i) With respect to provisions of the Plan that are subject to Section 16 of the Exchange Act, transactions under the Plan are intended to
comply with all conditions of Rule 16b-3, as amended, or its successors under the Exchange Act applicable thereto. To the extent any provisions of the Plan or action by the Committee fail to so comply, the applicable provision or action will be
deemed null and void, to the extent permitted by law and deemed advisable by the Committee. 
 (j) Subject to the limitation on the
transferability of Awards, this Plan shall be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 (k) Words used in the masculine shall apply to the feminine where applicable, and whenever the context of the Plan dictates, the plural shall be
read as the singular and the singular as the plural. 
 (l) Except as specifically provided in the Plan or in the Award Agreement,
nothing contained in this Plan shall affect the Participant’s right to participate in and receive benefits under and in accordance with the terms of any pension, insurance or other employee benefit plan or program of the Company or of any
affiliate, as may be determined by the Committee. 
 (m) To the extent deemed applicable by the Committee, this Plan and the relevant
Award Agreements issued under this Plan shall be operated and construed in conformity with applicable provisions of section 409A of the Code and any nonconforming provision may be revised or amended by the Committee in its discretion without the
consent of the Participant. Further, to the extent that payments to be made under this Plan are to be made promptly upon vesting or the occurrence of event that permissibly gives rise to the payment, such payments will be made not later than the
date which is two and a half months following the later of the end of the fiscal year of the Company in which the vesting event occurred or the end of the calendar year in which such vesting event occurred. 
 (n) The validity, construction, interpretation and effect of the Plan shall exclusively be governed by and determined in accordance with the laws
of the Commonwealth of Pennsylvania. 
  

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	10.	Effective Date. 

 The Plan will become effective as of
February 21, 2006, as to Officers, subject to the approval of shareholders at the 2006 Annual Meeting of Shareholders, and no payments shall be made pursuant to the Plan to Officers until after the Plan has been approved by the shareholders of
the Company. 
  

 -8-Assignment and License Agreement

 Exhibit 10.1 
 ASSIGNMENT AND LICENSE AGREEMENT 
 This ASSIGNMENT AND LICENSE AGREEMENT (this
“Agreement”) is made effective as of March 16, 2006 (the “Effective Date”) by and between BÂRRX Medical, Inc., a Delaware corporation with a place of business at 540 Oakmead Parkway, Sunnyvale, California
94085 (“BÂRRX”) and Curon Medical, Inc., a Delaware corporation with a place of business at 46117 Landing Parkway, Fremont, California 94538 (“Curon”). BÂRRX and Curon are each referred to herein by name
or, individually, as a “Party” or, collectively, as “Parties”. 
 BACKGROUND 
 A. Curon owns or controls certain patent rights pertaining to the ablation of tissue in and around the gastrointestinal tract. 
 B. BÂRRX is in the business of manufacturing medical devices designed to treat certain gastrointestinal disorders or conditions by ablating tissue
in and around the gastrointestinal tract. 
 C. BÂRRX desires to obtain and Curon desires to grant an assignment of the Assigned
Patents (as defined below) and a license under the Licensed Patents (as defined below), all on the terms and conditions set forth herein below. 
 NOW, THEREFORE, in consideration of the promises and mutual covenants herein below, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 ARTICLE 1 
 DEFINITIONS

 The following capitalized terms shall have the following meanings as used in this Agreement: 
 1.1 “‘206 Patent” means United States Patent No. 6,872,206, corresponding European Patent Application No. 05077167.4, and
any other foreign counterpart that may be filed having claims limited to the BÂRRX Field, and any reissue, reexamination or extension thereof. 
 1.2 “Affiliate” means any Person which is directly or indirectly controlling, controlled by or under common control of a Party, only for so long as such control exists. As used in this
Section 1.2, “control” means: (i) in the case of any corporate Person, direct or indirect ownership of fifty percent (50%) or more of the stock having the right to vote for the election of directors, (ii) in the
case of any non-corporate Person, direct or indirect ownership of fifty percent (50%) or more of the equity or income interest, or (iii) in the case of any Person, the direct or indirect ownership or control (by contract, operation of Law
or otherwise) of the power to direct the management and policies of such Person. 
 1.3 “Assigned Patents” means the
‘206 Patent and any and all New ‘206 Patents. 

 1.4 “BÂRRX Field” means methods and/or apparatuses for (i) the ablation of
any tissue where such ablation commences at the mucosal surface of the tissue (including, but not limited to, epithelium, lamina propria, muscularis mucosae, submucosa, muscularis propria, adventitia, Barrett’s esophagus, squamous epithelium,
columnar epithelium, neoplastic tissue, vascular tissue and glandular epithelium) in the gastrointestinal tract (including, but not limited to, the alimentary tract, digestive tract, oral cavity, pharynx, esophagus, stomach, pylorus, small
intestine, large intestine, sigmoid colon, rectum and anus), and/or (ii) the ablation of vascular tissue, in each case using any energy sources, including, but not limited to, radiofrequency energy and cryotherapy. The BÂRRX Field
specifically includes, but is not limited to, present and future methods and/or apparatuses, including BÂRRX, Stellartech or other ablation devices, sizing balloons and generators, for the treatment of Barrett’s esophagus. The BÂRRX
Field specifically excludes the Excluded Field. 
 1.5 “Control” means, as to a particular Patent, possession by Curon or
its Affiliate of the power and authority, whether arising by ownership, license or other authorization to grant and authorize under such Patent the right, license or sublicense, as applicable, within the scope granted to BÂRRX in this
Agreement. “Controlled” and “Controlling” have their correlative meanings. 
 1.6 “Excluded
Field” means methods and/or apparatuses not included in the BÂRRX Field, including, but not limited to those used for or useful in the ablation of any tissue for the purpose of treating: (a) dyspepsia, other than via mucosal
ablation only; (b) fecal incontinence; (c) gastroesophageal reflux disease, other than the treatment of Barrett’s esophagus; (d) gastroparesis; (e) hemorrhoids; (f) hiatal hernia; (g) obesity, other than via
mucosal ablation only; (h) sphincter dysfunction, other than the treatment of Barrett’s esophagus; or (i) urinary incontinence. 
 1.7 “Existing Curon Patents” means the present and currently pending Patents Controlled by Curon or its Affiliates as of the Effective Date, as listed in Schedule 1.7. Existing Curon Patents shall not include any Patent
Controlled by Curon that is filed by Curon after the Effective Date of this Agreement. 
 1.8 “Law” means, individually and
collectively, any and all laws, ordinances, rules, directives and regulations of any kind whatsoever of any governmental or regulatory authority. 
 1.9 “Licensed Patents” means the Existing Curon Patents and the New BÂRRX Field Patents. 
 1.10 “New
‘206 Patents” means any and all continuations and divisionals of the ‘206 Patent, whether existing now or in the future anywhere in the world, that (i) claim priority under 35 U.S.C. § 120 to the ‘206 Patent
through U.S. Patent Application Ser. No. 10/963,025 or a 35 U.S.C. § 120 continuing application thereof, and (ii) have claims that are limited to the BÂRRX Field, together with all foreign counterparts of such applications,
all patents issuing on any of the preceding applications, and any reissue, reexamination or extension of any of the foregoing in the BÂRRX Field. A listing of the New ‘206 Patents shall be maintained in Schedule 1.10. 

 

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 1.11 “New BÂRRX Field Patents” means any and all new patent applications anywhere
in the world that (i) claim priority to at least one of the Existing Curon Patents or one of the Other Patents (as defined in Section 3.1.5) under 35 U.S.C. § 120 and (ii) claim inventions within the BÂRRX Field and any
patents issuing therefrom in the BÂRRX Field. A listing of the New BÂRRX Field Patents shall be maintained in Schedule 1.11. 
 1.12 “Patent” means any of the following, whether existing now or in the future anywhere in the world: (i) any issued patent, including inventor’s certificates, utility model, substitutions, extensions,
confirmations, reissues, re-examination, renewal or any like governmental grant for protection of inventions; and (ii) any pending application for any of the foregoing, including any continuation, divisional, substitution, additions,
continuations-in-part, provisional and converted provisional applications. 
 1.13 “Person” means any individual, sole
proprietorship, partnership, limited partnership, limited liability partnership, corporation, limited liability company, business trust, joint stock company, trust, incorporated association, joint venture or similar entity or organization, including
a government or political subdivision, department or agency of a government. 
 1.14 “Prosecution and Maintenance” means,
with respect to a specific Patent, the preparation, filing for, prosecution, maintenance thereof and the conduct of interferences, re-examinations, reissues, oppositions or requests for patent term extensions with respect thereto; “Prosecute
and Maintain” shall have the correlative meaning. 
 1.15 “Third Party” means any Person other than Curon or
BÂRRX, or their respective Affiliates. 
 ARTICLE 2 
 ASSIGNMENT 
 2.1 Assignment to BÂRRX. Curon hereby assigns, transfers and conveys to
BÂRRX any and all of Curon’s right, title and interest in and to the Assigned Patents and the inventions disclosed therein as described in Sections 1.1 and 1.10, including all rights to sue for all past and future infringements and
collect all past and future damages, as well as all rights to Prosecute and Maintain, and enforce Assigned Patents in any and all countries of the world. For each of the Assigned Patents, Curon shall deliver to BÂRRX within 30 days an
assignment in form reasonably acceptable to BÂRRX to evidence the transfer of the Assigned Patents to BÂRRX. Such assignment shall specify BÂRRX as the owner by assignment of the Assigned Patents. 
 2.2 Further Assurances. Curon agrees to: (i) execute and deliver to BÂRRX such other instruments of sale, transfer, conveyance,
assignment and confirmation; (ii) provide such materials and information at BÂRRX’s expense; and (iii) take such other actions, as BÂRRX may reasonably deem necessary or desirable in order to effectively transfer, convey
and assign to BÂRRX, and to confirm BÂRRX’s title to, all of the Assigned Patents, and to assist BÂRRX in exercising all rights with respect thereto at BÂRRX’s expense. Curon further agrees to cooperate with and use
reasonable efforts to assist BÂRRX in the Prosecution and Maintenance and enforcement of the Assigned Patents, including assistance with inventor review of patent filings and obtaining relevant signatures on patent documents at
BÂRRX’s expense. 
  

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 2.3 New ‘206 Patents. BÂRRX shall (i) provide prompt written notice to Curon when
BÂRRX makes or submits any Patent filing that reasonably could fall within the definition of New ‘206 Patents and (ii) upon Curon’s request, deliver to Curon all patent prosecution documents relating thereto, including providing
a copy of the claims. BÂRRX shall maintain in Schedule 1.10 and provide to Curon a listing of all New ‘206 Patents, and their prosecution status, which shall be amended at least quarterly for purposes of updating it. The Parties agree
that Curon shall not have any right to Prosecute and Maintain the New ‘206 Patents listed in Schedule 1.10 and, as between the Parties, all such rights shall be retained solely by BÂRRX; however, Curon shall have the right, upon written
request, to inspect the prosecution records of any New ‘206 Patent. Accordingly, if Curon makes or submits any Patent filing that reasonably could fall within the definition of New ‘206 Patents, Curon shall at its expense: (i) provide
prompt written notice to BÂRRX thereof; and (ii) deliver to BÂRRX all patent prosecution documents relating thereto, including providing a copy of the claims, and such instruments as are necessary to document and transfer title of
such New ‘206 Patents from Curon to BÂRRX, in the manner and form, and to the locations, reasonably specified by BÂRRX. 
 ARTICLE 3 
 LICENSE GRANTS 
 3.1 License to BÂRRX. 
 3.1.1 Grant. Subject to the terms and conditions of this
Agreement, Curon hereby grants to BÂRRX a worldwide, exclusive, irrevocable, fully paid-up, perpetual license in the BÂRRX Field under the Licensed Patents to make, have made, use, sell, offer for sale, import and otherwise exploit
products covered by the Licensed Patents, and have any and all of the foregoing performed on its behalf, in each case solely for applications in the BÂRRX Field. 
 3.1.2 Third Party License. The license BÂRRX receives under the provisions of Section 3.1.1 by the grant by Curon of a sublicense permitted under any agreement existing as of the Effective Date
between Curon and a Third Party (each, a “Third Party License”) shall be subject to the terms and conditions of the applicable Third Party License. BÂRRX shall be solely responsible for the payment of any and all royalties or
other fees due under the Third Party License as a result of activities by or under the authority of BÂRRX in the BÂRRX Field. Curon hereby agrees to use commercially reasonable efforts to keep all Third Party Licenses in effect for the
existing term thereof and shall not amend any such Third Party License in a manner that would adversely effect the rights granted to BÂRRX hereunder. Without limiting the foregoing, Curon shall promptly notify BÂRRX of any notice of
breach given or received under any Third Party License, or of any dispute likely to give rise to such a notice, and shall cooperate with and afford BÂRRX the reasonable opportunity to cure such breach on behalf of Curon, if so requested by
BÂRRX. 
 3.1.3 Sublicensing. The license granted to BÂRRX under Section 3.1.1 shall include the right to grant and
authorize sublicenses within the scope of such license. Any such sublicenses granted pursuant to this Section 3.1.3 shall be subordinate to the terms and conditions of this Agreement. 
  

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 3.1.4 New BÂRRX Field Patents. BÂRRX shall have the right to file New BÂRRX
Field Patents. Curon shall use reasonable efforts to assist BÂRRX in applying for New BÂRRX Field Patents, including assistance with obtaining inventor review of patent filings and signatures on patent documents and providing any
documents or information in its possession with respect thereto. BÂRRX shall (i) provide prompt written notice to Curon when BÂRRX makes or submits any Patent filing that reasonably could fall within the definition of New
BÂRRX Field Patents and (ii) upon Curon’s request, deliver to Curon all patent prosecution documents relating thereto, including providing a copy of the claims. BÂRRX shall maintain in Schedule 1.11 and provide to Curon a
listing of all New BÂRRX Field Patents and their prosecution status, which shall be amended at least quarterly for purposes of updating it. Curon shall have the right, upon written request, to inspect the prosecution records of any New
BÂRRX Field Patent. 
 3.1.5 Other Patents. The Parties acknowledge that Schedule 1.7 does not include all Patents Controlled by
Curon or its Affiliates that are present or currently pending as of the Effective Date. Schedule 3.1.5 lists the remaining Patents that are present or currently pending and Controlled by Curon and that are not listed in Schedule 1.7 (collectively,
the “Other Patents”). BÂRRX shall have the right to base a claim of priority under 35 U.S.C. § 120 on any Patent listed in Schedules 1.7 or 3.1.5 for any application filed by BÂRRX that claims inventions within the
BÂRRX Field (the “Priority Right”). Any assignment of the Other Patents (including in bankruptcy) to any Affiliate or Third Party shall be subject to the foregoing Priority Right. Curon shall use reasonable efforts to assist
BÂRRX in applying for New BÂRRX Field Patents, including assistance with obtaining inventor review of patent filings and signatures on patent documents and providing any documents or information in its possession with respect thereto.

 3.1.6 Covenant Not to Sue. Curon hereby covenants (i) that within the BÂRRX Field, Curon shall not commence, aid,
prosecute or cause to be commenced or prosecuted any legal action or other proceeding alleging infringement (direct or contributory) or inducement of infringement of any Other Patents (including any Patent that may later issue on a pending
application within the Other Patents) against BÂRRX, its Affiliates and their sublicensees, distributors, customers and (ii) that any assignment of the Other Patents (including in bankruptcy) to any Affiliate or Third Party shall be
subject to the foregoing covenant not to sue. Furthermore, the foregoing covenant not to sue shall inure to the benefit of any successor in interest to BÂRRX and its Affiliates and accordingly any such successor in interest shall have the
right to enforce this covenant not to sue. 
  

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 3.2 Grantback License to Curon. 
 3.2.1 Grant. To the extent any New ‘206 Patents filed by BÂRRX includes any patent claims that are specifically directed to applications
outside the BÂRRX Field (each, a “Non-BÂRRX Field Claim”), and subject to the terms and conditions of this Agreement, BÂRRX shall grant to Curon a worldwide, exclusive, irrevocable, fully paid-up, perpetual license
under the Non-BÂRRX Field Claims to make, have made, use, sell, offer for sale, import and otherwise exploit products covered by the Non-BÂRRX Field Claims, and have any and all of the foregoing performed on its behalf, in each case
solely for applications outside the BÂRRX Field. 
 3.2.2 Sublicensing. The license granted to Curon under Section 3.2.1
shall include the right to grant and authorize sublicenses within the scope of such license. Any such sublicenses granted pursuant to this Section 3.2.2 shall be subordinate to the terms and conditions of this Agreement. 
 ARTICLE 4 
 PAYMENTS 

4.1 Consideration. In consideration of the rights and licenses granted by Curon to BÂRRX hereunder, BÂRRX agrees to pay to Curon:

 4.1.1 Two Million Dollars ($2,000,000) in cash, by wire transfer within two (2) days after the Effective Date, and in accordance with
written instructions previously provided by Curon to BÂRRX ; and 
 4.1.2 One Million Dollars ($1,000,000) pursuant to a Secured
Promissory Note in the form attached hereto as Exhibit 4.1.2(1), which is secured pursuant to a Security Agreement in the form attached hereto as Exhibit 4.1.2(2), each of which is to be issued on the Effective Date. 
 4.2 Payments. All amounts payable hereunder by BÂRRX shall be payable in United States Dollars to Curon. 
 ARTICLE 5 
 PROSECUTION, MAINTENANCE
AND ENFORCEMENT OF LICENSED PATENTS 
 5.1 Prosecution and Maintenance. 
 5.1.1 General. Curon shall have the right to control, at its expense, the Prosecution and Maintenance worldwide, in such countries as it deems
appropriate, of the Existing Curon Patents using counsel of its choice. Curon shall keep BÂRRX reasonably informed on matters regarding the status of the Prosecution and Maintenance of the Existing Curon Patents and Other Patents. Curon shall
maintain in Schedule 1.7 and provide to BÂRRX a listing of the Existing Curon Patents, and their prosecution status, which shall be amended at least quarterly for purposes of updating it. Curon shall also maintain in Schedule 3.1.5 and provide
to BÂRRX a listing of the Other Patents therein, and their prosecution status, which shall be amended at least quarterly for purposes of updating it. BÂRRX shall have the right, upon written request, to inspect the prosecution records of
any Existing Curon Patents or any Other Patent. 
  

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 5.1.2 New BÂRRX Field Patents. Notwithstanding anything to the contrary herein, BÂRRX
shall have the right to control, at its expense, the Prosecution and Maintenance worldwide, in such countries as it deems appropriate, of the New BÂRRX Field Patents using counsel of its choice. BÂRRX shall keep Curon reasonably informed
on matters regarding the status of Prosecution and Maintenance of the New BÂRRX Field Patents by updating Schedule 1.11. Curon agrees to cooperate with and use reasonable efforts to assist BÂRRX in the Prosecution and Maintenance and
enforcement of the New BÂRRX Field Patents, including assistance with obtaining inventor review of patent filings and signatures on patent documents and providing any documents or information in its possession with respect thereto, at
BÂRRX’s expense. 
 5.1.3 Backup Prosecution Rights. If Curon elects, at its sole discretion, to abandon any Patent within
the Existing Curon Patents, it shall provide BÂRRX at least sixty (60) days’ prior written notice referencing this Section 5.1.3 and referencing the specific Existing Curon Patent(s) that it intends to abandon, and BÂRRX
shall have the right to control, at its expense, the Prosecution and Maintenance worldwide of any referenced Existing Curon Patent in the name of Curon. 
 5.2 Enforcement. 
 5.2.1 General. If either Party determines that a Third Party is making,
using or selling a product that may infringe the Licensed Patents or a Patent licensed under Section 3.2, such Party shall promptly notify the other Party in writing. BÂRRX shall have the first right (itself or through a designee), at its
sole option, to bring suit to enforce the Licensed Patents against any infringement directed solely to the BÂRRX Field or to defend any declaratory judgment action with respect thereto; provided, however, that BÂRRX shall keep Curon
reasonably informed as to such activities. Curon shall have the right to participate in any such action with counsel of its own choice at its own expense. All recoveries received by BÂRRX from an action initiated by BÂRRX to enforce the
Licensed Patents shall be first applied to reimburse BÂRRX’s and then Curon’s unreimbursed expenses, including reasonable attorneys’ fees and court costs, incurred by such Party in the course of such action. Any remainder shall
be retained by BÂRRX. Curon shall have the first right (itself or through a designee), at its sole option, to bring suit to enforce the Licensed Patents or a Patent licensed in Section 3.2 against any infringement directed solely outside
the BÂRRX Field or to defend any declaratory judgment action with respect thereto; provided, however, that Curon shall keep BÂRRX reasonably informed as to such activities. BÂRRX shall have the right to participate in any such
action with counsel of its own choice at its own expense. All recoveries received by Curon from an action initiated by Curon to enforce the Licensed Patents or a Patent licensed in Section 3.2 shall be first applied to reimburse Curon’s
and then BÂRRX’s unreimbursed expenses, including reasonable attorneys’ fees and court costs, incurred by such Party in the course of such action. Any remainder shall be retained by Curon. 
 5.2.2 Backup Enforcement Rights. In the event BÂRRX elects not to initiate an action to enforce the Licensed Patents or a Patent licensed
under Section 3.2 against a commercially significant infringement by a Third Party under the provisions of Section 5.2.1, Curon may initiate 
  

 - 7 - 

 such action at its expense. BÂRRX shall have the right to participate in any such action with counsel of its own
choice at its own expense. All recoveries received by Curon from an action initiated by Curon to enforce the Licensed Patents or a Patent licensed under Section 3.2 in accordance with this Section 5.2.2 shall be first applied to reimburse
Curon’s and then BÂRRX’s unreimbursed expenses, including reasonable attorneys’ fees and court costs, incurred by such Party in the course of such action. Any remainder shall, to the extent the same pertains to an infringement
of the Licensed Patents or a Patent licensed under Section 3.2, be divided seventy-five percent (75%) to Curon and twenty-five percent (25%) to BÂRRX. In the event Curon elects not to initiate an action to enforce the Licensed
Patents or a Patent licensed in Section 3.2 against a commercially significant infringement by a Third Party under the provisions of Section 5.2.1, BÂRRX may initiate such action at its expense. Curon shall have the right to
participate in any such action with counsel of its own choice at its own expense. All recoveries received by BÂRRX from an action initiated by BÂRRX to enforce the Licensed Patents or a Patent licensed in Section 3.2 in accordance
with this Section 5.2.2 shall be first applied to reimburse BÂRRX’s and then Curon’s unreimbursed expenses, including reasonable attorneys’ fees and court costs, incurred by such Party in the course of such action. Any
remainder shall, to the extent the same pertains to an infringement of the Licensed Patents or a Patent licensed in Section 3.2, be divided seventy-five percent (75%) to BÂRRX and twenty-five percent (25%) to Curon. 

5.3 Cooperation. Each Party hereby agrees to reasonably cooperate with respect to activities undertaken in accordance with this Article 5,
at the other Party’s request and expense, including by joining as a party plaintiff and executing documents. Accordingly in connection therewith, upon the request of and, at the expense of a Party, the other Party shall make available at
reasonable times and under appropriate conditions relevant personnel, records, papers, information and other materials in its possession and control. 
 5.4 Information. Without limiting any of the foregoing, Curon and BÂRRX shall promptly notify each other in writing of any and all matters affecting the validity and/or enforceability of the Licensed
Patents. 
 ARTICLE 6 
 CONFIDENTIALITY 
 6.1 Confidentiality. Except to the extent expressly authorized by this Agreement or otherwise
agreed in writing, the Parties agree that the receiving Party shall keep confidential and shall not publish or otherwise disclose or use for any purpose other than as provided for in this Agreement any information or materials furnished to it by the
other Party pursuant to this Agreement that either (i) the receiving Party reasonably should have known are confidential and proprietary to the disclosing Party or (ii), if disclosed in tangible form, are marked “Confidential” or
with other similar designation to indicate their confidential or proprietary nature or, if disclosed orally, are indicated orally at the time of initial disclosure to be confidential or proprietary by the disclosing Party and are confirmed as being
confidential or proprietary by the disclosing Party in a writing delivered to the receiving Party within a reasonable time after such disclosure (collectively, “Confidential Information”). Notwithstanding the foregoing, Confidential
Information shall not include any information to the extent that it can be established by written documentation by the receiving Party that such information: 
  

 - 8 - 

 6.1.1 was already known to the receiving Party, other than under an obligation of confidentiality (except
to the extent such obligation has expired or an exception is applicable under the relevant agreement pursuant to which such obligation established), at the time of disclosure; 
 6.1.2 was generally available to the public or otherwise part of the public domain at the time of its disclosure to the receiving Party; 
 6.1.3 became generally available to the public or otherwise part of the public domain after its disclosure and other than through any act or omission of
the receiving Party in breach of this Agreement; 
 6.1.4 was independently developed by the receiving Party as demonstrated by documented
evidence prepared contemporaneously with such independent development; or 
 6.1.5 was disclosed to the receiving Party, other than under an
obligation of confidentiality (except to the extent such obligation has expired or an exception is applicable under the relevant agreement pursuant to which such obligation established), by a Third Party who had no obligation to the disclosing Party
not to disclose such information to others. 
 Notwithstanding anything herein to the contrary, subject only to the provisions of Sections
6.1.2, 6.1.3 and 6.1.5 above, all prosecution documents and other information relating to (i) the Assigned Patents and the New BÂRRX Field Patents shall be deemed to be Confidential Information of BÂRRX and (ii) the Excluded
Field shall be deemed to be Confidential Information of Curon. 
 6.2 Authorized Disclosure. Except as expressly provided otherwise in
this Agreement, each Party may use and disclose Confidential Information of the other Party as follows: (i) in connection with the performance of its obligations or as reasonably necessary or useful in the exercise of its rights under this
Agreement, including the right to grant licenses or sublicenses as permitted hereunder; (ii) to the extent such disclosure is reasonably necessary in Prosecuting and Maintaining Patents in accordance with this Agreement, prosecuting or
defending litigation related to this Agreement, complying with applicable governmental regulations with respect to performance under this Agreement, obtaining regulatory approval or fulfilling post-approval regulatory obligations for products
covered by Licensed Patents (and with respect to BÂRRX, Assigned Patents), or as otherwise required by Law, provided, however, that if a Party is required by Law to make any such disclosure of the other Party’s Confidential Information it
will, except where impracticable for necessary disclosures (for example, in the event of medical emergency), give reasonable advance notice to the other Party of such disclosure requirement and, in each of the foregoing, (but not to the extent
inappropriate in the case of patent applications), shall use its reasonable efforts to seek confidential treatment of such Confidential Information required to be disclosed; (iii) in communication with advisors (including financial advisors,
lawyers and accountants) on a need to know basis, in each case under appropriate confidentiality provisions substantially equivalent to those of this Agreement; or (iv) to the extent mutually agreed to by the Parties. 
  

 - 9 - 

 6.3 Prior NDA Agreement. This Agreement supersedes the Mutual Non Disclosure Agreement between the
Parties dated February 10, 2006 (the “Prior NDA”). All information exchanged between the Parties under the Prior NDA shall be deemed Confidential Information of the disclosing Party and shall be subject to the terms of this
Article 6. 
 6.4 Confidential Terms/Publicity. Each of Party agrees not to disclose to any Third Party the terms and conditions of
this Agreement without the prior written consent of the other Party, except (i) to advisors (including financial advisors, attorneys and accountants) and investors on a need-to-know basis under conditions which reasonably ensure the
confidentiality thereof; (ii) as required by any court or other governmental body or as otherwise required by law; or (iii) in confidence, in connection with a merger, acquisition of stock or assets, proposed merger or acquisition, or the
like; or (iv) as advisable or required in connection with any government or regulatory filings, including filings with the SEC. 
 ARTICLE 7 
 REPRESENTATIONS, WARRANTIES, AND DISCLAIMERS 
 7.1 General. Each Party represents, warrants and covenants to other that (i) it has obtained all necessary corporate approvals to enter into
and execute this Agreement; (ii) it has the full right, power, and authority to enter into this Agreement, to grant the rights and licenses granted herein, and to perform its obligations hereunder; and (iii) it has not previously granted
and will not grant any rights in conflict with the rights and licenses granted herein. 
 7.2 By Curon. Curon further represents,
warrants and covenants to BÂRRX that (i) it is the sole and exclusive owner of the Assigned Patents and has the full right and authority to grant the assignment and licenses granted to BÂRRX herein; (ii) it has not previously
granted, and will not grant during the Term, any right, license or interest in or to the Licensed Patents, or any portion thereof that is in conflict with the rights or licenses granted to BÂRRX under this Agreement; (iii) the Assigned
Patents are free and clear of any lien, charges, encumbrances and security interests; (iv) to Curon’s knowledge, the Licensed Patents and Other Patents are free and clear of any lien, charges, encumbrances and security interests;
(v) to Curon’s knowledge, as of the Effective Date, there are no threatened or pending actions, suits, investigations, claims or proceedings in any way relating to the Licensed Patents or Assigned Patents; (vi) as of the Effective
Date, it does not know of any facts or circumstances that would render any portion of the Licensed Patents or Assigned Patents invalid or unenforceable, (vii) Schedules 1.7 and 3.1.5 together list, as of the Effective Date, all present and
currently pending Patents Controlled by Curon, (viii) Curon has provided to BÂRRX a true, correct and complete copy of each Third Party License as such is in effect as of the Effective Date, (ix) as of the Effective Date, to
Curon’s knowledge, neither it nor any of its licensees under a Third Party Agreement is in material breach of any provision of such Third Party Agreement, and Curon has neither given to, nor received from such licensee notice of any such
breach. 
  

 - 10 - 

 7.3 By BÂRRX. BÂRRX further represents, warrants and covenants to Curon that
(i) it has the full right and authority to grant the licenses granted to Curon herein; and (ii) it has not previously granted, and will not grant during the Term, any right, license or interest in or to the Patents licensed under
Section 3.2, or any portion thereof that is in conflict with the rights or licenses granted to Curon under this Agreement; 
 7.4
Disclaimers. EXCEPT AS EXPRESSLY SET FORTH HEREIN, NEITHER PARTY MAKES ANY WARRANTIES OR REPRESENTATIONS (EXPRESS, IMPLIED, STATUTORY OR OTHERWISE) WITH RESPECT TO THE SUBJECT MATTER HEREOF, AND SPECIFICALLY DISCLAIMS ANY AND ALL IMPLIED
WARRANTIES OR REPRESENTATIONS OF ANY KIND, INCLUDING WITHOUT LIMITATION ANY WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. 
 ARTICLE 8 
 INDEMNIFICATION 
 8.1 Indemnification of Curon. BÂRRX shall indemnify and hold harmless each of Curon and its Affiliates, and the directors, officers, and employees of Curon and of such Affiliates, and the successors and
assigns of any of the foregoing (the “Curon Indemnitees”), from and against any and all liabilities, damages, settlements, claims, actions, suits, penalties, fines, costs and expenses (including, without limitation, reasonable
attorneys’ fees and other expenses of settlement) (any of the foregoing, a “Claim”) incurred by any Curon Indemnitee, based upon (i) a claim of a Third Party, to the extent resulting from the breach of any of
BÂRRX’s express obligations, representations and warranties set forth in this Agreement or (ii) a claim relating to product liability concerning any product, process, or service, made, used or sold pursuant to any assigned right or
license granted to BÂRRX under this Agreement. 
 8.2 Indemnification of BÂRRX. Curon shall indemnify and hold harmless
each of BÂRRX and its Affiliates, and the directors, officers, and employees of BÂRRX and of such Affiliates, and the successors and assigns of any of the foregoing (the “BÂRRX Indemnitees”), from and against any and all
Claims incurred by any BÂRRX Indemnitee, based (i) a claim of a Third Party, to the extent resulting from the breach of any of Curon’s express obligations, representations and warranties set forth in this Agreement or (ii) a
claim relating to product liability concerning any product, process, or service, made, used or sold pursuant to any license granted to Curon under this Agreement. 
 8.3 Procedure. A Party that intends to claim indemnification under this Article 8 (the “Indemnitee”) shall promptly notify the other Party (the “Indemnitor”) in writing of
any Claim in respect of which the Indemnitee intends to require such indemnification, and the Indemnitor shall have sole control of the defense and/or settlement thereof; provided that the Indemnitee shall have the right to participate, at its own
expense, with counsel of its own choosing in the defense and/or settlement of such Claim. The indemnification obligations of the parties in this Article 8 shall not apply to amounts paid in settlement of any Claim if such settlement is effected
without the consent of the Indemnitor, which consent shall not be unreasonably withheld or delayed. The failure to deliver written notice to the Indemnitor within a reasonable time after the commencement of any 
  

 - 11 - 

 such Claim, if prejudicial to its ability to defend such action, shall relieve such Indemnitor of any liability to the
Indemnitee under this Article 8, but the omission so to deliver written notice to the Indemnitor shall not relieve the Indemnitor of any liability to any Indemnitee otherwise than under this Article 8. The Indemnitee under this
Article 8 and its employees shall cooperate fully with the Indemnitor and its legal representatives and provide full information in the investigation of any Claim covered by this indemnification. 
 ARTICLE 9 
 MISCELLANEOUS

 9.1 Governing Law. This Agreement and any dispute arising from the performance or breach hereof shall be governed by and
construed and enforced in accordance with the laws of the State of California, without reference to conflicts of laws principles. 
 9.2
Assignment. This Agreement may not be assigned by either Party without the prior consent of the other Party hereto, except to a Person that succeeds to all or substantially all of the first Party’s business or assets relating to this
Agreement whether by sale, merger, operation of law or otherwise; provided that such assignee or transferee promptly agrees in writing to be bound by the terms and conditions of this Agreement. This Agreement shall be binding upon successors and
permitted assigns of the Parties. Any assignment not in accordance with this Section 9.1 shall be null and void. 
 9.3 Limitation of
Liability. NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY FOR ANY SPECIAL, CONSEQUENTIAL, EXEMPLARY OR INCIDENTAL DAMAGES (INCLUDING LOST OR ANTICIPATED REVENUES OR PROFITS RELATING TO THE SAME), ARISING FROM ANY CLAIM
RELATING TO THIS AGREEMENT, WHETHER SUCH CLAIM IS BASED ON CONTRACT, TORT (INCLUDING NEGLIGENCE) OR OTHERWISE, EVEN IF AN AUTHORIZED REPRESENTATIVE OF SUCH PARTY IS ADVISED OF THE POSSIBILITY OR LIKELIHOOD OF SAME. 
 9.4 Force Majeure. Except with respect to the payment of money, in the event either Party hereto is prevented from or delayed in the performance
of any of its obligations hereunder by reason of acts of God, terrorism, war, invasion, strikes, riots, earthquakes, storms, fires, energy shortage, acts of government or governmental agencies, or any other cause whatsoever beyond the reasonable
control of the Party, the Party so prevented or delayed shall be excused from the performance of any such obligation to the extent and during the period of such prevention or delay. 
 9.5 Notices. All notices, requests and communications hereunder shall be in writing and shall be personally delivered or sent by facsimile
transmission (receipt confirmed), mailed by registered or certified mail (return receipt requested) postage prepaid, or sent by international express courier service (e.g., Federal Express), and shall be deemed to have been properly served to the
addressee upon receipt of such written communication, to following addresses of the Parties, or such other address as may be specified in writing to the other Party: 
  

 - 12 - 

					
	 If to BÂRRX,
	  	 
			
		  	    addressed to:	  	BÂRRX Medical, Inc.
		  		  	540 Oakmead Parkway
		  		  	Sunnyvale, California 94085
		  		  	Attention:
		  		  	Telephone:
		  		  	Facsimile:
			
		  	    with a copy to:	  	Wilson Sonsini Goodrich & Rosati
		  		  	650 Page Mill Road
		  		  	Palo Alto, California 94303
		  		  	Attention: James Shay or Ian Edvalson
		  		  	Telephone: (650) 493-9300
		  		  	Facsimile: (650) 493-6811
		
	 If to Curon,
	  	
			
		  	    addressed to:	  	Curon Medical, Inc.
		  		  	46117 Landing Parkway
		  		  	Fremont, California 94538
		  		  	Attention:
		  		  	Telephone:
		  		  	Facsimile:
			
		  	    with a copy to:	  	Ryan Kromholz & Manion, S.C.
		  		  	P.O. Box 26618
		  		  	Milwaukee, WI 53226-0618
		  		  	Attention: Daniel R. Ryan
		  		  	Telephone: 262-783-1300
		  		  	Facsimile: 262-783-1211

 9.6 Waiver. Neither Party shall be deemed to waive or release any of its rights or
interests in this Agreement except if provided in an express writing. The failure of a Party 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 or excuse
a similar subsequent failure to perform any such term or condition. No waiver by a 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.

 9.7 Severability. If any provision hereof should be held invalid, illegal or unenforceable in any 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 remain in full force and effect in such jurisdiction and shall be
liberally construed in order to carry out the intentions of the Parties as nearly as may be possible. Such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of such provision in any other
jurisdiction. 
  

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 9.8 Interpretation. The captions and headings to this Agreement are for convenience only, and are
to be of no force or effect in construing or interpreting any of the provisions of this Agreement. Unless specified to the contrary, references to Articles, Sections or Exhibits mean the particular Articles, Sections and Exhibits to this Agreement
and references to this Agreement include all such subparts. Unless context otherwise clearly requires, whenever used in this Agreement: (i) he words “include” or “including” shall be construed as incorporating, also,
“but not limited to” or “without limitation;” (ii) the word “day” or “year” means a calendar day or year unless otherwise specified; (iii) the word “notice” means notice in writing (whether
or not specifically stated) and shall include notices, consents, approvals and other written communications contemplated under this Agreement; (iv) the words “hereof,” “herein,” “hereby” and derivative or similar
words refer to this Agreement (including any and all subparts); (v) the word “or” shall be construed as the inclusive meaning identified with the phrase “and/or;”(vi) provisions that require that a Party, the Parties or
any committee hereunder “agree,” “consent” or “approve” or the like shall require that such agreement, consent or approval be specific and in writing, whether by written agreement, letter, approved minutes or otherwise;
(vii) words of any gender include the other gender; (viii) words using the singular or plural number also include the plural or singular number, respectively; and (ix) references to any specific Law or article, section or other
division thereof shall be deemed to include the then-current amendments thereto or any replacement Law thereof. 
 9.9 Independent
Contractors. The relationship of Curon and BÂRRX established by this Agreement is that of independent contractors. Nothing in this Agreement shall be construed to create any other relationship between Curon and BÂRRX. No Party shall
have any right, power or authority to assume, create or incur any expense, liability or obligation, express or implied, on behalf of any other Party. 
 9.10 Bankruptcy. All rights and licenses granted hereunder or pursuant hereto are, and shall be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code, licenses to rights of
“intellectual property,” as defined thereunder. Notwithstanding any provision contained herein to the contrary, if the Party granting such rights is under any proceeding under the United States Bankruptcy Code and the trustee in bankruptcy
of such Party, or such Party, as a debtor in possession, rightfully elects to reject this Agreement, the licensed Party shall have the right, pursuant to Sections 365(n)(1) and 365(n)(2) of the United States Bankruptcy Code, to retain any and all of
the rights licensed to it hereunder, to the maximum extent permitted by law, subject to any payments due to the licensor Party as specified herein. The Parties intend that any other similar Law (whether domestic or foreign) applicable in bankruptcy
of a Party apply hereto. 
 9.11 Covenant of Further Assurances. Each Party covenants and agrees that, subsequent to the execution and
delivery of this Agreement and without any additional consideration, it shall execute and deliver any further legal instruments and perform such acts which are or may become necessary to effectuate the purposes of this Agreement, including making
any filings with the U.S. Patent and Trademark Office or any foreign equivalents reasonable or necessary to register the licenses and assignments granted hereunder. 
  

 - 14 - 

 9.12 No Implied Obligations. Except as otherwise provided by Law, this Agreement is not intended
and shall not create any implied obligation on behalf of either Party. 
 9.13 Entire Agreement; Modification. This Agreement with its
Exhibits set forth all the covenants, promises, agreements, warranties, representations, conditions and understandings between the Parties with respect to the subject matter hereof and supersedes and terminates all prior agreements and
understandings between the Parties, including the Prior NDA. No modification to this Agreement shall be enforceable except if in a writing referencing this Agreement and signed by an authorized representative of the Party against whom it will be
enforced. For clarity, once effective any agreement entered into pursuant to this Agreement shall be independent from this Agreement and the rights and obligations of the parties thereto shall be independent herefrom. 
 9.14 Counterparts. This Agreement may be executed in two counterparts, each of which shall be deemed an original, and all of which together, shall
constitute one and the same instrument. 
 [The remainder of this page left intentionally blank; signature page follow] 
  

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 IN WITNESS WHEREOF, the Parties have executed this Agreement in duplicate by their duly authorized
representatives as of the Effective Date. 
  

							
	CURON MEDICAL, INC.	  	BÂRRX MEDICAL, INC.
				
	By:	 	 /s/ Larry C. Heaton II
	  	By:	 	 /s/ Greg Barrett

	Name:	 	Larry C. Heaton II	  	Name:	 	Greg Barrett
	Title:	 	President & CEO	  	Title:	 	President & CEO

  

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