Document:

Exhibit 10.8

Exhibit 10.8

CONVERTIBLE NOTE

			
	 	 	 
	$200,000.00
	 	Ann Arbor, Michigan

For value received, NxOpinion, LLC, a Nevada limited liability company (“Maker”) promises to
pay to the order of MICHAEL J. JANDERNOA TRUST, (“Payee”), or its successors or permitted assigns,
at such place as the Payee may designate in writing, the principal amount of TWO HUNDRED THOUSAND
AND 00/100 DOLLARS ($200,000.00), or, if less, so much thereof as may be advanced by Payee to the
Maker, in lawful money of the United States of America, to bear interest and be payable as follows:

Interest shall accrue at the rate of eleven percent (11%) per annum on the unpaid principal
balance of this Note commencing as of April 3, 2009 (“Issue Date”). This Note shall mature on
April 2, 2010 (“Maturity Date”). On or before the Maturity Date, the Payee may elect to convert
all, but not less than all, of the total principal amount and accrued interest of this Note into
fully paid and nonassessable Class A Unit(s) of membership interests in Maker (the “Unit(s)”). The
number of Unit(s) into which this Note will be converted shall be determined by dividing the total
principal balance and accrued interest of this Note by $1 (the “Conversion Rate”). If, during the
term of this Note, Maker grants or issues any Units or any other units of membership interest to
any person other than Payee or a Lender under the Unsecured Loan Agreement (defined below) (each a
“Dilutive Event”), the Conversion Rate shall be adjusted so that so that the Payee’s percentage
interest in the Company’s Units following such Dilutive Event is equal to the percentage interest
that the Payee would have obtained through conversion of this note prior to the Dilutive Event.
Unless otherwise converted, the unpaid principal and accrued interest on this Note from the Issue
Date through the Maturity Date shall be due and payable in a single lump sum on or before the close
of business on the Maturity Date, and any amount of principal or accrued interest not paid on the
Maturity Date shall bear interest from and after the Maturity Date until paid at the rate of
sixteen percent (16%) per annum (rather than 11% per annum) to the fullest extent permitted by
applicable law.

Upon conversion of the principal and accrued interest of this Note into Unit(s), Payee shall
surrender this Note at the office of the Maker. The Maker will then deliver to Payee appropriate
evidence or confirmation of ownership for the number of Unit(s) issuable upon such conversion. No
partial Units will be issued and the Maker will pay the Payee in cash for the amount of any
remaining unpaid principal and accrued interest that cannot be converted into a whole Unit.

This Note is one of the “Convertible Notes” issued pursuant to the Unsecured Loan Agreement
dated as of the date hereof (as amended, modified or supplemented, the “Loan Agreement”) by and
among the Maker, Payee and the other parties named therein. Reference is made to the Loan
Agreement for a statement of the terms and conditions under which the principal of and accrued
interest on this Note may be declared to be due and payable before the Maturity Date. The Payee or
any other holder of this Note shall have all of the rights and remedies set forth in the Loan
Agreement as though they were fully set forth in this Note.

Maker hereby waives notice of non-payment, presentment, dishonor, protest, acceleration or any
other notice, except as otherwise provided herein.

 

 

 

Maker may not prepay all or any part of this Note during the first six months following the
date of its execution. On the six month anniversary of the date of its execution or thereafter,
this Note may be
prepaid, in its outstanding entirety only, by the Maker upon 45 days prior written notice to Payee.
This Note may not be assigned by Payee without the prior written consent of Maker except that the
Payee may assign this Note, in whole or in part, to the private foundation of Michael J. Jandernoa
or to any trust for the benefit of any member of the family of Michael J. Jandernoa without the
prior written consent of Maker.

Whenever possible, each provision of this Note shall be interpreted in such manner as to be
effective and valid under applicable law. If any provision of this Note is determined by a court
of competent jurisdiction to be illegal, invalid or unenforceable, such illegality, invalidity or
unenforceability shall not affect the other provisions hereof, which shall remain binding and
enforceable. This Note is not intended to impose upon the Maker any obligation to pay interest in
excess of the maximum rate of interest permitted by applicable law, and any interest which so
exceeds that maximum rate of interest will automatically be applied in reduction of principal due
on this Note to the extent of that excess.

Upon receipt by the Maker of an affidavit of Payee stating the circumstances of the loss,
theft, destruction or mutilation of this Note, or any Note exchanged for it, and an indemnity
reasonably satisfactory to the Maker (in case of loss, theft or destruction) or surrender and
cancellation of such Note (in the case mutilation), the Maker will (at is expense) make and deliver
in lieu of such Note a new Note of like tenor.

This Note is binding upon the heirs, successors and assigns of the Maker and inures to the
benefit of the successors and permitted assigns of the Payee. This Note and the enforceability,
legality, validity and performance of the terms hereof shall be governed by, determined and
construed in accordance with the laws of the State of Michigan.

Dated: April 3, 2009

	 	 	 	 	 
	 	NxOPINION, LLC,

a Nevada limited liability company

 	 
	 	By:  	/s/ Joel C. Robertson
 	 
	 	 	Joel Robertson, Manager 	 

 

2Exhibit 10.9

Exhibit 10.9

	 	 	 
	

	 	38525 Woodward Ave., Suite 2000

Bloomfield Hills, MI 48304-2970

Telephone: (248) 433-7200

Facsimile: (248) 433-7274

http://www.dickinsonwright.com
	 
	 	 
	 

	 	Scott M. Janssen

Controller

(248) 433-7661

May 27, 2010

Via Email & US Mail

Mr. Joel Robertson, Manager

NxOpinion, LLC

4215 Fashion Square Blvd, Suite 3

Saginaw, MI 48603

			
	Re:	 	Payment Plan Agreement for Client #29740

Dear Mr. Robertson,

In regard to the outstanding balance in the amount of $331,547.48 (three hundred thirty-one
thousand five hundred forty-seven dollars and forty-eight cents) due this firm from NxOpinion, LLC
or its successor through merger, ASI Technology Corporation (“Client”) for legal services rendered
through April 30, 2010, Dickinson Wright PLLC (DW) will agree to accept minimum monthly payments
(“required minimum installments”) of $20,000.00 (twenty-thousand dollars) per month payable by the
last day of each month commencing July 31, 2010 through November 30, 2010. The outstanding balance
will be increased by any additional invoices billed by DW to Client from this date forward. In
addition, interest will continue to accrue at an annual rate of 5%, compounded monthly, and will be
calculated based on the outstanding balance of all amounts due and payable to DW until the balance
is considered paid in full.

In addition to the required minimum installments described above, Client also promises to pay
additional amounts to DW towards the outstanding balance, over and above the required minimum
installments described in the preceding paragraph, with excess cash flows. These excess cash flows
will be computed based on 10% of net profits on signed contracts, with such profits generated from
both customer advances for license fees as well as monthly payments from customers. In addition,
excess cash flows can also come from sales of assets required as part of the merger into the public
company.

Furthermore, if Client obtains any additional proceeds from debt or equity financing, then Client
promises to pay such proceeds to DW towards the outstanding balance until the balance is considered
paid in full.

If the above required minimum installments, payments from excess cash flows, and payments from
financing proceeds have not paid the entire outstanding balance by December 21, 2010, then a final
balloon payment to DW is required to pay the entire outstanding balance no later than December 28,
2010.

Counsellors At Law

Detroit     Bloomfield Hills     Lansing     Grand Rapids     Ann Arbor     Washington, D.C.

 

 

 

Dickinson Wright PLLC

Mr. Joel Robertson, Manager

5/27/2010

Page 2

Please sign this agreement to indicate your approval and return to me at your earliest convenience
at the address listed above. A copy is enclosed for your records. If you have any questions or
concerns, please do not hesitate to contact me at (248) 433-7661.

Thank you for your cooperation in resolving this matter.

Very truly yours,

/s/ Scott M. Janssen           

Scott M. Janssen

Controller

Accepted and agreed to:

	 	 	 	 	 	 	 
	/s/ Joel C. Robertson
 

Joel Robertson, Manager

	 	 
	 	5/27/10
 

Date
	 	 
	NxOpinion, LLC
	 	 	 	 	 	 

	 	 	 
	SMJ/
	 	 
	cc:

	 	Bernadette M. Dennehy, Managing Member
	 

	 	Michael T. Raymond, Member

Counsellors At Law

Detroit     Bloomfield Hills     Lansing     Grand Rapids     Ann Arbor     Washington, D.C.Exhibit 10.10

Exhibit 10.10

AMENDED AND RESTATED LICENSE AGREEMENT

This Amendment and Restated License Agreement (“Agreement”), effective as of April 28,
2010 (the “Effective Date”), is made by and between Vanahab Health Diagnostics, LLC, a Nevada
limited liability company, having an office at 4215 Fashion Square Boulevard, Suite 3, Saginaw,
Michigan 48603 (hereinafter “Licensor”) and NxOpinion LLC, a Nevada limited liability company,
having its principal place of business at 4215 Fashion Square Boulevard, Suite 3, Saginaw, Michigan
48603 (hereinafter “Licensee”).

RECITALS

Whereas, Licensee currently licenses The Robertson Medical Decision Support System (with
certain restrictions including Field of Use restrictions) from Vanahab LLC, a Nevada limited
liability company and the Parent of Licensor (“Vanahab”), under a License Agreement dated May 1,
2006 and as amended by the License Amendment dated October 1, 2006 (hereinafter the “Existing
License Agreement”).

Whereas, Vanahab, an Affiliate of Licensor, also provides an exclusive license to similar
technology, labeled an “Occurrence System” to Robertson Research Institute (RRI), a Colorado
nonprofit corporation, and a public charity as defined in section 501(c)(3) of the Internal Revenue
Code and InfoDx, a Colorado nonprofit corporation, and a public charity as defined in section
501(c)(3) of the Internal Revenue Code in a license agreement dated May 1, 2006 (the “RRI
License”).

Whereas, Licensor and Licensee desire to replace the Existing License Agreement with this
Agreement, as well as the Existing RRI License in order to clarify and restate the scope of the
license granted under the Existing License Agreement, and to more specifically define the rights
licensed to each of RRI & Licensee.

Whereas, Licensor and Licensee desire to remove field of use of restrictions in the Existing
License Agreement, clarify exclusive use between RRI and Licensee and expand the use of occurrence
and rules based engines.

Now, therefore, in consideration of the mutual covenants and agreements herein set forth, the
parties agree as follows:

	1.	 	DEFINITIONS

	 	1.1	 	“Affiliate” means any Person that, directly or indirectly through one or more
intermediaries, controls another Person, is controlled by a Person, or is under common
control with another Person, where “control” means the power and ability to direct the
management and policies of the controlled Person through ownership or by voting right,
contract, or other means. For purposes of this Agreement, Licensor and Licensee shall
not be considered Affiliates, and RRI and InfoDx shall not be considered Affiliates of
Licensor or Licensee.

 

 

 

	 	1.2	 	“Agreement” means this license agreement (inclusive of its Exhibits and
Schedules), as amended, supplemented or otherwise modified from time to time in
accordance with the terms hereof.

	 	1.3	 	“Consent” means any consent, approval, permit, waiver, ruling, exemption or
acknowledgement from any Person which is provided for or required pursuant to the terms
of this Agreement.

	 	1.4	 	“Technical Information”, as used herein, means the data, designs, files,
records, processes, trade secrets, business, manufacturing or sales information,
know-how, and any other information related to the Database or Proprietary Software
which Licensee obtains from Licensor as well as any and all of such information
Licensee obtains as a result of Technical Assistance to Licensee.

	 	1.5	 	“Database” shall mean any database used by the Proprietary Software, including
but not limited to, NxOpinion Knowledge Management Database.

	 	1.6	 	“Licensed Software” means all software of which the Licensor or a Licensor
Affiliate is a licensee or has licensee rights including the right to license such
software, grant sublicenses, or grant the right to grant sublicenses, without having to
make any payments to any third party.

	 	1.7	 	“Proprietary Information” of a Party means any item of information, including
but not limited to, business information, Technical Information, the source code of the
Proprietary Software, Improvements, and the Database, including the methodology,
relationships, algorithms, associations, and underlying data of the Database (excluding
any data output by the Proprietary Software from the Database when the Proprietary
Software is used as intended by Customers) disclosed by that Party (or its Affiliates)
to the other Party (or its Affiliates), or learned during the course of the Existing
License Agreement or the License Agreement dated May 25, 2005 and as amended, between
Vanahab and Licensee, or during the course of this Agreement, and that which the
Parties consider proprietary and/or confidential or was treated as confidential or
proprietary by Vanahab and Licensee whether in writing, orally, visually, or by
demonstration. However, Proprietary Information does not include information that: (i)
is now or subsequently becomes public through no fault or breach of confidentiality
obligation by the recipient; (ii) is rightfully obtained by the recipient without an
obligation of confidentiality; or (iii) is developed by the recipient independently and
without reference to any Proprietary Information of the discloser.

 

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	 	1.8	 	“License” means the license rights granted by Licensor to Licensee in Article
2.

	 	1.9	 	“Improvements”, as used herein, means any modification, corrections,
adaptations, alterations, translations, updates, upgrades, new version and releases,
enhancements, improvements, revisions, replacements or other derivative works, whether
or not patentable or copyrightable, of the Technical Information, Proprietary Software,
or Database.

	 	1.10	 	“Intellectual Property Rights” means all, now known or hereafter known,
tangible and intangible (a) rights associated with works of authorship, including but
not limited to copyrights and copyrightable material; (b) trademark and trade name
rights and similar rights; (c) trade secret rights and know-how; (d) patents, patents
pending, provisional patents, designs, algorithms, and other industrial property
rights; (e) rights to Technical Information, Improvements, Database, or Proprietary
Software; (f) all other intellectual and industrial property rights, whether arising by
operation of law, contract, license, or otherwise; (g) all registrations, applications,
renewals, extensions, continuations in part, divisions, or reissues hereof now or
hereafter in force (including any rights in any of the foregoing); and (h) all rights
therein to any Proprietary Information owned or controlled by Licensor or any Licensor
Affiliate.

	 	1.11	 	“Customer(s)”, as used herein, means any and all customers of Licensee,
specified on Schedule A.

	 	1.12	 	“Party” when used in the singular means Licensor or Licensee and when used in
the plural means Licensor and Licensee.

	 	1.13	 	“Person” means any individual, partnership, corporation, limited liability
company, unincorporated association, trust, estate, or other type of entity.

	 	1.14	 	“Proprietary Software” means software (including all source code and object
code) owned by the Licensor, (including, but not limited to NxOpinion (an inference
engine), NxKm (NxOpinion Knowledge Management System and decision support database)),
including applications and all related programming files, including, but not limited
to: HTML files, template files, configuration files, Windows Services, C# files, Java
files, Javascript files, XML files, graphics files, data files, database designs,
prototypes, technology, diagnostic routines, control software, scripts and programs,
whether compiled or uncompiled, paper-based or electronic, both in object code and
source code form; as well as all customization, documentation and any other materials
developed by Licensee, Licensor, and RRI, and/or its employees, associates, suppliers,
third-party agents, consultants, or advisors in existence at the date of this Agreement
or in pursuance of this Agreement.

 

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	 	1.15	 	“Proprietary Data” means data (including new populations) entered into the
Proprietary Software or Database, by a Party, an Affiliate, or as a result of an
agreement between a Party (or an Affiliate) and a third party, but does not include any
Proprietary Software, the Database and any Intellectual Property Rights.

	 	1.16	 	“Technical Assistance” shall mean any assistance provided by Licensor, RRI or
Robertson Institute (“RI”) to Licensee and related, directly or indirectly, to the
Technical Information, Proprietary Software, Database or Improvements.

	 	1.17	 	“Trademarks” means all trademarks or service marks, including the goodwill
attaching to such marks, and all trade-dress, logos, slogans, and brand names, owned or
controlled by Licensor.

	2.	 	LICENSE GRANT

	 	2.1	 	Subject to the terms and conditions of this Agreement, Licensor hereby grants
and Licensee hereby accepts, a nonexclusive, perpetual, worldwide, royalty free, and
paid-up, license, with the right to grant sublicenses to any Customer, to use the
Technical Information and to copy, modify, display and create derivative works of any
copyrighted or copyrightable portions of the Technical Information, solely for
Licensee’s use with the Customers.

	 	2.2	 	Subject to the terms and conditions of this Agreement, Licensor hereby grants
and Licensee hereby accepts, a nonexclusive, perpetual, worldwide, royalty free, and
paid-up, license, to use the Technical Information and to copy, modify, and create
derivative works of any copyrighted or copyrightable portions of the Technical
Information.

	 	2.3	 	Subject to the terms and conditions of this Agreement, Licensor hereby grants
and Licensee hereby accepts a nonexclusive perpetual, worldwide, royalty free, and
paid-up license, to copy, possess, use, modify, and create derivative works of the
Proprietary Software and Improvements of the Proprietary Software.

	 	2.4	 	Subject to the terms and conditions of this Agreement, Licensor hereby grants
and Licensee hereby accepts a nonexclusive, perpetual, worldwide, royalty free, and
paid-up license, with the right to grant sublicenses to any Customer (including the
right for the Customer to grant limited end-user license agreements to third parties,
the terms and conditions of such end-user license agreements being pre-approved in
writing by Licensor), to use the Proprietary Software and Improvements of the
Proprietary Software. The rights of Licensee to grant sublicenses under this Section
2.3 are subject to the Licensor meeting the requirements of Section 4.11.

 

4

 

	 	2.5	 	Subject to the terms and conditions of this Agreement, Licensor hereby grants
and Licensee hereby accepts a nonexclusive perpetual, worldwide, royalty free, and
paid-up license, with the right to grant sublicenses to any Customer (including the
right for the Customer to grant limited end-user license agreements to third
parties, the terms and conditions of such end-user license agreements being
pre-approved in writing by Licensor), to use the Database and upload data to the
Database. The rights of Licensee to grant sublicenses under this Section 2.3 are
subject to the Licensor meeting the requirements of Section 4.11.

	 	2.6	 	Subject to the terms and conditions of this Agreement, Licensor hereby grants
and Licensee hereby accepts a nonexclusive perpetual, worldwide, royalty free, and
paid-up license to copy, possess, use, modify, create derivative works, and add new
populations to the Database.

	 	2.7	 	Subject to the terms and conditions of this Agreement, Licensor hereby grants
and Licensee hereby accepts a nonexclusive perpetual, royalty-free, paid up worldwide
license to use the Trademarks with the Proprietary Software, Technical Information,
Improvements, Database, and Technical Assistance.

	 	2.8	 	With the exception of RRI and InfoDx, Licensor shall not license the Technical
Information, Proprietary Software, and Improvements to any third party without written
consent of Licensee.

	 	2.9	 	Licensor understands and agrees that Robertson Technologies Licensing LLC, a
Nevada limited liability company, having a place of business at 4215 Fashion Square
Boulevard, Suite 3, Saginaw, Michigan 48603, USA, (“RTL”) may act as a limited
intermediary and a special purpose entity between the Customers and Licensee. To the
extent necessary for RTL to perform its role as a special purpose entity and a limited
intermediary under this Section 2.9, Licensor hereby agrees that RTL may exercise the
rights of Licensee under Sections 2.1, 2.4 and 2.5, subject to the terms and conditions
of Articles 3, 4, and 6-10 of this Agreement and solely on behalf of Licensee and
solely with the Customers, sign license agreements with Customers and grant rights to
Customers to grant sublicenses, as if Licensee were performing such actions.

	3.	 	OWNERSHIP

	 	3.1	 	Licensor retains, and Licensee hereby acknowledges that Licensor retains, all
right, title and interest in and to the Technical Information, Intellectual Property
Rights, Proprietary Software, Database, Trademarks, Proprietary Information and
Improvements, and to the extent that Improvements or Intellectual Property Rights were
developed by or on behalf of Licensee, Licensee shall assign and hereby does assign all
right, title and interest in and to the Improvements or Intellectual Property Rights.
Licensee shall execute any and all documents deemed necessary or appropriate by the
Licensor to accomplish the assignments of the Improvements and Intellectual Property
Rights as contemplated by this Section 3.1. Further, Licensee will cooperate with the
Licensor to achieve assignment of such Improvements or Intellectual Property Rights,
and will aid in any application or registration and protection of such Improvements or
Intellectual Property Rights, at the expense of the Licensor. Further, Licensee
will timely notify the Licensor of any such Improvements or Intellectual Property
Rights, and copies of the Improvements or Intellectual Property Rights shall be
timely provided to the Licensor, on appropriate media.

 

5

 

	 	3.2	 	Licensee hereby acknowledges that nothing in this Agreement grants to Licensee
any ownership or other interest in and to the Technical Information, Intellectual
Property Rights, Proprietary Software, Database, Proprietary Information and
Improvements of Licensor, except for the Licenses granted in Article 2.

	 	3.3	 	Licensee shall be free to create, develop or use trademarks, other than the
Trademarks, for use with the Technical Information, Database, and Proprietary Software,
and Licensor hereby agrees that nothing in this Agreement grants Licensor any ownership
or other interest in such trademarks.

	 	3.4	 	Each Party understands and agrees that the other Party (and Affiliates) may
sign agreements with third parties to add Proprietary Data to the Databases and to the
extent allowable under such agreements, such other Party shall own any and all rights
in such added Proprietary Data (including but not limited to conclusions, reports,
interpretations, inferences and other data produced from or as a result of such
Proprietary Data). Each Party further understands and agrees that it has no right in
the Proprietary Data of the other Party, unless otherwise agreed to in writing by the
Parties. Notwithstanding the foregoing, Licensee understands and agrees that under
Section 2.8 Licensor may be entering into license agreement with other parties from
time-to-time, who may in turn be entering into agreements with third parties that
result in Proprietary Data being added to the database and Licensee shall not have any
right or interest in the Proprietary Data of such other parties.

	4.	 	CONFIDENTIALITY

	 	4.1	 	Except in connection with Licensee’s enjoyment of the License, Licensee shall
not use or disclose to third parties Licensor’s Proprietary Information.

	 	4.2	 	Licensee will use reasonable care to protect the secrecy of Licensor’s
Proprietary Information, including implementing within sixty (60) days from the
Effective Date of this Agreement trade secret policies and procedures acceptable to
Licensor.

	 	4.3	 	Licensee will maintain Licensor’s Proprietary Information in a secure
environment at the Licensee’s place of business and use appropriate physical and
computer security measures.

	 	4.4	 	Licensee will limit access to Licensor’s Proprietary Information to those of
its employees and agents who reasonably require access for the purposes of performing
and enjoying the benefits of this Agreement and the Licenses granted
in this Agreement, and Licensee will inform any such employee or agent of the
confidentiality obligations in this Article 4.

 

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	 	4.5	 	Licensee will require all non-employee agents, contractors and consultants to
execute a secrecy agreement no less protective of the Licensor’s Proprietary
Information than the obligations of this Article 4.

	 	4.6	 	Licensee may disclose Proprietary Information to the extent required by law.
However, the Licensee will give the Licensor prompt notice to allow the Licensor a
reasonable opportunity to obtain a protective order.

	 	4.7	 	Licensee acknowledges that (i) the restraints imposed upon it pursuant to this
paragraph are no greater than is reasonably necessary to preserve and protect the
legitimate business interest of Licensor; (ii) said restraints will not impose an undue
hardship upon it; and (iii) any violation or threatened violation of the restraints
will irreparably injure Licensor. Accordingly, Licensor may, in addition to pursuing
its other remedies, obtain such equitable and injunctive relief (including, but not
limited to, preliminary and permanent injunctions) from the Oakland County, Michigan,
Circuit Court, which the parties expressly select as the venue for such action, as may
be necessary to enjoin any violation of the restraints. No bond or other security
shall be required to obtain such relief.

	 	4.8	 	Licensor hereby agrees that any license agreement with RRI will include similar
obligations of confidentiality as imposed on Licensee in this Article 4.

	 	4.9	 	Licensee and Licensor shall use, at a minimum, reasonably industry practices to
ensure the confidentiality and trade secret status of the source code of the
Proprietary Software.

	 	4.10	 	The provisions of this Article 4 shall survive the termination of this
Agreement in perpetuity. The parties agree that this period is reasonable in order to
protect the proprietary interests of Licensor and Licensee.

	 	4.11	 	Any time Licensee makes a sublicense permitted under this Agreement, Licensee
will cause the sublicensee to execute a non-disclosure agreement no less protective of
Licensor’s Proprietary Information than the obligations of this Article 4, unless such
sublicense is only for the use of the executable code of Proprietary Software under a
software license agreement previously approved by Licensor, and/or use of the Database
through the Proprietary Software, under a database license, whether included in such
software license agreement or a separate database license agreement, previously
approved by the Licensor. Within a reasonable time of a market ready product using the
Proprietary Software and before market launch of the Proprietary Software, Licensee
shall submit a license agreement, consistent with the terms and conditions of this
Agreement, for approval by Licensor, and such approval by Licensor shall not be
unreasonably withheld.

 

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	5.	 	DELIVERY

	 	5.1	 	Licensee agrees and acknowledges that Licensor’s Affiliate has previously
provided all necessary information, including the Technical Information, Proprietary
Software, Database, and Licensed Software that are licensed under Article 2 of this
Agreement.

	 	5.2	 	Licensee acknowledges and agrees that Licensor will be entering into a similar
license agreement with RRI. Licensor shall, within sixty (60) days of Licensor
receiving Improvements from RRI under such license agreement, provide such Improvements
to NxOpinion, subject to any restrictions on RRI by third parties. Licensee
acknowledges and agrees that Licensor may be also obligated in the license agreement
with RRI to provide Improvements developed by or on behalf of Licensee to RRI under the
terms and conditions similar to this Section 5.2.

	6.	 	TERM AND TERMINATION

	 	6.1	 	The term of this Agreement (including all rights and Licenses granted herein)
shall commence as of the Effective Date and shall continue in perpetuity unless earlier
terminated in accordance with Sections 6.2-6.3 of this Agreement.

	 	6.2	 	This Agreement may be terminated by Licensor in the event that: (1) Licensee
fails to cure a material breach of this License within ninety (90) days after written
demand by Licensor notifying Licensee of the nature of the material breach and demand
that it be cured; or (2) Licensee: (a) is adjudged bankrupt; (b) becomes insolvent;
(c) makes a general assignment for the benefit of creditors; (d) has a receiver or
trustee appointed for the benefit of its creditors; (e) files a voluntary petition in
bankruptcy; (f) initiates reorganization proceedings or takes any step toward
liquidation; (g) loses or has expropriated substantially all of its assets related to
the Proprietary Software, Technical Information, Improvements, Database, and
Trademarks; and (h) if control or ownership of Licensee is in any manner transferred;
provided, however, the Licensee may assign any of its rights and obligations hereunder
to any Affiliate.

	 	6.3	 	This Agreement may be terminated by mutual agreement of the Parties at any time
during the Term.

	 	6.4	 	Upon the termination of the License and rights granted herein under Sections
6.2-6.3 of this Agreement, Licensee shall discontinue all effected use and effected
rights granted in Article 2.

 

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	 	6.5	 	In the event the Licensor offers to sell, transfer or assign the Technical
Information, Trademarks, Proprietary Software and Improvements to any third party or
receive an offer to purchase the Technical Information, Trademarks,
Proprietary Software and Improvements from any third party which the Licensor
desires to accept (either of which type of offer being herein referred to as a
“Third Party Offer”), the Licensee shall have a right of first refusal to purchase
the Technical Information, Trademarks, Proprietary Software and Improvements on the
same terms and conditions as that contained in the Third Party Offer. The Licensor
shall promptly provide the Licensee with a written notice of any Third Party Offer,
which notice shall include the exact terms and conditions of the Third Party Offer.
Licensee shall have twenty-one (21) days from its receipt of such notice in which to
provide the Licensor with written notice of the Licensee’s desire to exercise its
right of first refusal on the same terms and conditions as contained in the Third
Party Offer. If the Licensee elects to exercise its right of first refusal, the
closing on the sale and purchase shall occur within thirty (30) days of the
Licensee’s notice to the Licensor, unless otherwise provided in the Third Party
Offer. If the Licensee does not provide written notice of its election to exercise
its right of first refusal within twenty-one (21) days of its receipt of the
Licensor’s notice as provided in this section, the Licensor shall be free to proceed
with the sale, transfer or assignment of the Technical Information, Trademarks,
Proprietary Software and Improvements to the third party in accordance with the
terms and conditions of the Third Party Offer. The first refusal rights set forth
in this section shall not apply, however, to any sale, transfer or assignment of the
Technical Information, Trademarks, Proprietary Software and Improvements by the
Licensor to any member, trustee or beneficiary of a Licensor or to any family
members (spouses, children, parents or siblings) of such members, trustees, or
beneficiaries, or to any trust of which a member, trustee or beneficiary of a
Licensor, or a family member thereof, is himself or herself a beneficiary, or to any
legal entities controlled by, controlling, or in common control with the Licensor.
In addition, the first refusal rights set forth in this section shall not apply in
the event the Licensee is in breach of this Agreement.

	7.	 	WARRANTIES AND REPRESENTATIONS

	 	7.1	 	Except as otherwise provided in this Article 7, no warranty, representation,
promise, or guarantee, either express or implied, statutory or otherwise, is made with
respect to the Technical Information, Proprietary Software, Licensed Software,
Trademarks and Improvements, including but not limited to its accuracy, reliability,
registerability on the Copyright Registry, Licensor’s ownership of, right to grant
license in, or interest in any portion or all of the Technical Information, Proprietary
Software, Licensed Software, Trademarks and Improvements. The Technical Information,
Proprietary Software, Licensed Software, Trademarks and Improvements are provided “As
Is” without any warranty of merchantability, noninfringement or fitness for a
particular purpose.

	 	7.2	 	EXCEPT FOR ANY EXPRESS WARRANTIES SET FORTH HEREIN, THE PARTIES MAKE NO OTHER,
AND HEREBY DISCLAIM ALL OTHER WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, WITH
RESPECT TO THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION,
ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR
NONINFRINGEMENT.

 

9

 

	 	7.3	 	NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY INDIRECT, INCIDENTAL,
SPECIAL, OR CONSEQUENTIAL DAMAGES ARISING OUT OF THIS AGREEMENT, EVEN IF SUCH PARTY HAS
BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND NOTWITHSTANDING THE FAILURE OF
ESSENTIAL PURPOSE OF ANY REMEDY.

	 	7.4	 	The Licensor agrees that during the term of this Agreement, and subject to the
condition that the Licensor has not exercised their option to terminate the License
granted to the Licensee pursuant to the option to terminate set forth in Section 6.6,
the Licensor shall refrain from competing with the Licensee with respect to the
Technical Information, Proprietary Software, Trademarks and Improvements, subject to
the condition that the Licensee is not in breach of this Agreement.

	 	7.5	 	Licensor shall have no obligation to any Customers of Licensee and any
maintenance and support services provided to Customers in relation to the Proprietary
Software shall be provided by Licensee.

	 	7.6	 	To the best of Licensor’s knowledge, the disclosure of the Proprietary
Information by Licensor to Licensee, the grant of the License by Licensor to Licensee
will not violate the intellectual property or other rights of any third party.

	 	7.7	 	The Licensor and the Licensee agree to notify each other, if the notifying
Party becomes aware of any actual or potential infringement of any proprietary rights
associated with the Technical Information, Database, Proprietary Software, Licensed
Software, Trademarks and Improvements, including misappropriation or misuse of trade
secrets embodied within the Technical Information, Database, Proprietary Software, and
Improvements.

	 	7.8	 	In the event that after a reasonable time after notice is given under Section
7.7 there is not pending a suit by Licensor against an infringer of the Technical
Information, Proprietary Software, Licensed Software, Database, Trademarks and
Improvements, or against a third party who misappropriated or misused trade secrets
embodied with the Technical Information, Database, Proprietary Software and
Improvements, and if: (a) Licensee requests Licensor in writing that suit be brought
against such person, concern, or third party because of such infringement; and (b)
Licensor fails to bring such suit to obtain discontinuance of such infringement,
misappropriation or misuse within ninety (90) days after receipt of Licensee’s request
under this Section 7.8, then, in such case, Licensee will have the right to file suit
against an infringer, or third party who misappropriated or misused trade secrets in
the name of Licensor and at Licensee’s expense and for Licensee’s benefit. Licensor
consents to be a party and to cooperate with Licensee in any such suit brought by
Licensee pursuant to this Section 7.8.

 

10

 

	 	7.9	 	Licensor shall as a matter of course approve all requests to add Persons as
Customers to Schedule A of this Agreement within thirty (30) days, for which a viable
business opportunity exists, so long as (1) the Person being added as the Customer has
not dictated the use of the nonprofit status of RRI, (2) the Licensor is not previously
limited by an agreement in writing that would preclude the addition of such Person as a
Customer, and (3) such addition would not jeopardize the nonprofit 501(c)(3) status of
RRI. Notwithstanding the foregoing, (1) to the extent that no written agreement is
signed between the Customer and Licensee within one year of approval by Licensor, or
(2) no revenue is received for a consecutive two year period for a Customer on Schedule
A, then such Person shall be automatically removed from Schedule A.

	 	7.10	 	To the extent a Person is added to Schedule A to become a Customer, and such
Customer has an existing or previous business relationship with RRI or to the extent
that a Customer requests to use the nonprofit 501(c)(3) status of RRI, Licensee shall
grant and hereby does grant a nonexclusive, perpetual, royalty free, worldwide,
non-transferable license, with the right to grant sublicense, to use the Technical
Information and to copy, modify, display, and create derivative works of any
copyrighted portions of the Technical Information, solely with the Customer having such
business relationship with RRI.

	8.	 	TRADEMARKS

	 	8.1	 	Licensee shall comply with such standards and instructions as Licensor may
establish from time to time with respect to the style, appearance and manner of use of
the Trademarks.

	 	8.2	 	In accordance with Licensor’s instructions, Licensee shall cease or modify any
use of the Trademarks that Licensor deems not to be in compliance with the applicable
standards or instructions.

	 	8.3	 	Licensee recognizes the great value of the goodwill associated with the
Trademarks and acknowledges that the Trademarks and all the rights therein, as well as
the goodwill attached thereto, inure to the benefit of, and belong exclusively to,
Licensor. Licensee shall at all times recognize the validity of the Trademarks and
Licensor’s rights and title therein. Licensee shall not, during the term of this
Agreement or thereafter, attack, impair or put in issue the title or any rights of
Licensor in and to the Trademarks or attack the validity of the License granted herein.

 

11

 

	9.	 	ROYALTY

	 	9.1	 	In consideration of the license rights granted by Licensor to Licensee
hereunder, Licensee shall pay to Licensor a royalty fee of US$10,000 annually, payable
in quarterly installments of US$2,500, on a pro rata basis according to the ratio of
the number of days during the year this Agreement is in force to the total number of
days in a year (365 days). Licensor and Licensee acknowledge that at a mutually
agreed upon time this annual royalty fee may be adjusted as mutually agreed to by
the Parties.

	 	9.2	 	All royalty fee payments shall be payable within thirty (30) days after the
last day of the applicable quarter or such reasonable time period as Licensor may from
time to time determine at its discretion. The royalty fee will be payable in the
currency and manner the parties may from time to time mutually agree.

	 	9.3	 	The royalty fee in Section 9.1 may be satisfied in whole, as mutually agreed by
the Parties, by providing annual services by the Licensee to the Licensor, in
particular by the Licensee providing research and development services for the
Licensor.

	10.	 	MISCELLANEOUS

	 	10.1	 	The Licensor and Licensee shall cooperate to promptly develop a Disaster
Recovery Plan (“DRP”) with regard to the Proprietary Software and Database. At a
minimum, Licensor shall provide the following: (a) two (2) or more backup copies of
all Proprietary Software and Database located on separate servers; and (b) at least one
(1) copy of all Proprietary Software and Database, with source codes retained on disk
or tape and maintained in a locked room or vault or other mutually agreed upon secure
storage space.

	 	10.2	 	Neither this Agreement nor any rights hereunder may be assigned or otherwise
transferred by the Licensee, in whole or in part, whether voluntary or by operation of
law, including any merger or consolidation, without the prior written consent of the
Licensor, such consent not being unreasonably withheld.

	 	10.3	 	All notices or reports permitted or required under this Agreement shall be in
writing and shall be forwarded by personal delivery, telegram, facsimile, or by
certified or registered mail, return receipt requested, and shall be deemed given upon
personal delivery, five (5) days after deposit in the mail, or upon acknowledgment of
receipt of electronic transmission.

	 	10.4	 	This Agreement shall be governed by, construed and enforced in accordance with,
the laws of the State of Michigan, without regard to the conflicts of laws principles
of such state. Any suit to enforce any provision of this Agreement, or arising out of
or based upon this Agreement, shall be brought only in federal courts located in
Eastern District of Michigan or state courts located in Oakland County, Michigan. Each
Party hereby agrees that such courts shall have in personam jurisdiction and venue with
respect to such Party, and each Party hereby submits to the in personam jurisdiction
and venue of such courts.

 

12

 

	 	10.5	 	If any provision of this Agreement shall be unlawful, void, or unenforceable,
then that provision notwithstanding, this Agreement shall not render this Agreement
unenforceable, or invalid as a whole, and such unlawful, void or unenforceable
provision shall be changed and interpreted so as to best accomplish the objectives of
such unlawful, void or unenforceable provision within the limits of applicable law or
judicial decision.

	 	10.6	 	This Agreement may be modified only in a writing signed by both parties. The
failure by either Party to enforce any rights under this Agreement shall not be
construed as a waiver of such rights; nor shall the waiver by either Party of a breach
of any provision thereof be taken or held to be a waiver of the provision itself.

	 	10.7	 	The parties do not expect that the performance of either Party under this
Agreement will give rise to any tax liability. Notwithstanding the foregoing, each
Party agrees to pay any tax, tariff or duty, including penalties or interest, as well
as any costs associated with the collection thereof, assessed upon such Party as a
result of its performance under this Agreement.

	 	10.8	 	This Agreement is the complete, final and exclusive statement of the agreement
between the parties with respect to the subject matter hereof, and supersedes any
proposal or prior or contemporaneous agreement or communications between the parties
(whether oral or written) relating to the subject matter thereof.

	 	10.9	 	In addition to the obligations required to be performed hereunder, the parties
agree to perform such other acts, and to execute, acknowledge, and/or deliver
subsequent to this Agreement such other instruments, documents and other materials, as
may reasonably be required to carry out the intent of this Agreement.

	 	10.10	 	The parties agree that each Party, relative to the other, is to be considered
an independent contractor. In no manner shall this Agreement be construed as creating
a relationship of principal and agent among the parties, or otherwise establishing a
partnership or joint venture among the parties. The parties shall refrain from acting
or attempting to act or represent themselves, directly or by implication, as having the
power to bind another Party, or to assume or create any obligations on behalf of
another Party.

[Signature Page Follows]

 

13

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly
authorized representatives as of the day and year first above written.

	 	 	 	 	 	 	 	 	 	 	 
	Vanahab Health Diagnostics LLC	 	 	 	NxOpinion LLC	 	 
	(“Licensor”)	 	 	 	(“Licensee”)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By: Vanahab LLC, its member	 	 	 	By:	 	/s/ Joel C. Robertson	 	 
	 

	 	 	 	 	 	 	 	 

Joel C. Robertson, its Manager
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Joel C. Robertson
 

Joel C. Robertson, Manager of Vanahab LLC
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Vickie Robertson
 

Vickie Robertson, Manager of Vanahab LLC
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date 4-28-10	 	 	 	Date: 4-28-10	 	 

 

14

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