Document:

Exhibit 10.27

 

DATED

 

December 11, 2020

 

supply
and distribution agreement

 

between

 

Circa Skin Ltd

 

and

 

Suneva Medical, Inc

 

     

    

    

 

This Agreement is dated
this 11th day of December 2020

 

Between

 

	(1)	Circa Skin Ltd, incorporated and registered in England & Wales with company number 12684331
whose registered office is at Flat 4, 31 Charles Road, West Ealing, London W13 0ND (Supplier); and

 

	(2)	Suneva Medical, Inc, a Delaware corporation having its primary office and place of business located
at 5870 Pacific Center Blvd. San Diego, CA 92121, USA (Distributor)

 

Background

 

	(A)	The Supplier carries on the business of selling cosmetic and aesthetic products.

 

	(B)	The Distributor wishes the Supplier to supply the Products and grant the Distributor the right on an exclusive
basis to promote and sell the Products within the Field in the Territory.

 

	(C)	The Supplier has agreed to supply the Products and grant the Distributor the said right of promotion and
sale on the terms set out in this Agreement.

 

Agreed terms

 

	1.	Definitions and interpretation

 

The
definitions and rules of interpretation in this clause apply in this Agreement and the Background.

 

	1.1	Definitions:

 

Agreement: this
Supply and Distribution Agreement, including the attached Schedule(s).

 

Business Day:
a day (other than a Saturday, Sunday or public holiday in England or the United States of America) when banks in London or San Diego are
open for business.

 

Collection Point:
WOW Facial Ltd, Kettering Self Storage, Unit 14 Pytchley Business Park, Orion Way, Kettering, NN15 6NP.

 

Commencement Date:
August 25, 2020.

 

Control: the
ability to direct the affairs of another person, whether by virtue of the ownership of shares, contract or otherwise.

 

Distributor Trade
Marks: the Distributor’s trade mark registrations and applications listed in Schedule 3 and/or any further trade marks that
the Supplier may agree for use in the Territory in connection with the Products.

 

Field: means
(i) for MD Line Products, sale via professional (i.e. general/aesthetic medicine) and medical spa markets and day spa markets, and (ii)
for Home Line Products, sale via general/aesthetic medicine and medical spa and day spa market and direct to end consumer via ecommerce
sale.

 

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Force Majeure Event:
has the meaning given in clause 18.

 

Group: in relation
to a company, that company, any subsidiary or holding company of that company, and any subsidiary of a holding company of that company.

 

Home Line Products:
the products described in Schedule 1, to be supplied in unassembled form and which require to be fully assembled by the Distributor.

 

Intellectual Property
Rights: patents, rights to inventions, copyright and related rights, moral rights, trade marks and service marks, business names
and domain names, rights in get-up and trade dress, goodwill and the right to sue for passing off or unfair competition, rights in designs,
rights in computer software, database rights, rights to use, and protect the confidentiality of, confidential information (including
know-how and trade secrets) and all other intellectual property rights, in each case whether registered or unregistered and including
all applications and rights to apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and
all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world.

 

MD Line Products:
the products described in Schedule 1, to be supplied in partially finished form and which require completion by the Distributor.

 

Minimum Quantity:
the quantities of the Products specified in Schedule 4 for each Year, or such other quantities as may be agreed in writing between the
parties in relation to each Year.

 

Order: an
order for Products submitted by the Distributor and accepted by the Supplier in accordance with clause 5.

 

Order Confirmation:
an order confirmation document in the form set out in Schedule 6, sent by the Supplier to the Distributor, agreeing to fulfill the
Order and identifying the relevant Order by its Order Reference.

 

Order Reference:
the reference applied to an Order Form by the Supplier on receipt of that Order Form.

 

Packaging Rights:
the Intellectual Property Rights relating to those aspects of the packaging of the Products which are provided, directed, originated or
supplied by the Distributor, other than rights relating to the Distributor Trade Marks.

 

Products: the
Home Line Products and the MD Line Products.

 

Product IP:
the Intellectual Property Rights in the Products, excluding the Distributor Trade Marks and the Packaging Rights.

 

Purchase Order:
a purchase order in a form agreed by the parties, sent by the Distributor to the Supplier, requesting the supply of Products or confirming
an oral order for Products.

 

Quarter: each
period of three calendar months ending on the last day of March, June, September and December in each Year.

 

Regulatory Approvals:
any and all regulatory approvals, consents, authorisations or registrations necessary for the promotion, commercialisation and use
of the Product in the Territory. 

 

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Specification(s):
the specification of the Products set out in Schedule 2 or any other specification for the Products provided by Supplier to Distributor
from time to time.

 

Term: the term
of this Agreement, as determined in accordance with clause 15.

 

Territory:
the USA and Canada.

 

Year: the period
of 12 months from the Commencement Date and each consecutive period of 12 months thereafter during the Term.

 

	1.2	Clause, Schedule and paragraph headings shall not affect the interpretation of this Agreement.

 

	1.3	The Schedules form part of this Agreement and shall have effect as if set out in full in the body of this
Agreement. Any reference to this Agreement includes the Schedules.

 

	1.4	A reference to a company shall include any company, corporation or other body corporate, wherever and
however incorporated or established.

 

	1.5	A reference to any party shall include that party’s personal representatives, successors or permitted
assigns.

 

	1.6	A reference to a statute or statutory provision is a reference to it as it is in force as at the date
of this Agreement.

 

	1.7	A reference to writing or written includes fax and email.

 

	1.8	References to clauses and Schedules are to the clauses and Schedules of this Agreement.

 

	1.9	Any words following the terms ‘including’, ‘include’, ‘in particular’,
‘for example’ or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description,
definition, phrase or term preceding those terms.

 

	1.10	Any obligation on a party not to do something includes an obligation not to allow that thing to be done.

 

	2.	Appointment

 

	2.1	The Supplier appoints the Distributor as its exclusive distributor to import, promote, sell and distribute
the Products within the Territory on the terms of this Agreement. The term “exclusive” as used herein means that Supplier
shall not appoint another third party distributor to sell Products in the Territory nor shall Supplier directly sell Products in the Territory
as long as Distributor is complying with this Agreement and this Agreement is effective.

 

	2.2	The Distributor shall purchase the Products exclusively from the Supplier and shall not, for the Term,
be involved in the sale, distribution, promotion or manufacture of any goods which compete with the Products, including any stampers,
rollers, mesotherapy solution vials, ampoules or masks.

 

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	2.3	The Products shall be promoted, sold and distributed only under the Distributor Trade Marks unless otherwise
agreed in writing by the parties. The Distributor shall buy the Products for its own account for resale under this Agreement.

 

	2.4	The Distributor undertakes not to promote or sell the Products other than within the Field in the Territory.

 

	2.5	The Distributor shall not:

 

		(a)	represent itself as an agent of the Supplier for any purpose; or

 

		(b)	pledge the Supplier’s credit; or

 

		(c)	give any condition or warranty on the Supplier’s behalf; or

 

		(d)	make any representation on the Supplier’s behalf;

 

		(e)	commit the Supplier to any contracts; or

 

		(f)	otherwise incur any liability for or on behalf of the Supplier.

 

	2.6	The Distributor shall not, without the Supplier’s prior written consent, make any promises or representations
about the Products beyond those contained in the Specification(s) or in promotional material supplied by the Supplier.

 

	3.	Distributor’s undertakings

 

The Distributor undertakes and agrees
with the Supplier that at all times during the Term it will:

 

		(a)	use commercially reasonable efforts to advertise, promote and sell the Products within the Field in the
Territory and not to do anything which may hinder or interfere with such sales;

 

		(b)	employ a sufficient number of suitably qualified personnel to ensure the proper fulfilment of the Distributor’s
obligations under this Agreement;

 

		(c)	submit written reports at monthly intervals to the Supplier, showing details of sales, stock, outstanding
Distributor orders and orders placed by the Distributor with the Supplier that are still outstanding, provided however that all information
regarding the customers of the Distributor may be anonymized;

 

		(d)	keep all stocks of the Products which it holds in conditions appropriate for their storage, and provide
appropriate security for the Products, all at its own cost;

 

		(e)	insure at its own cost with a reputable insurance company all stocks of the Products as are held by it
against all risks which would normally be insured against by a prudent businessman to at least their full replacement value and produce
to the Supplier on demand full particulars of that insurance and the receipt for the then current premium; and

 

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		(f)	Inform the supplier immediately of any changes in ownership or control of the distributor, and of any
change in its organisation or method of doing business that might be expected to affect the performance of the Distributor’s duties
in this agreement; and

 

		(g)	indemnify the Supplier on demand against each loss, liability and cost which the Supplier may incur arising
out of the breach of the Distributor’s obligations under this Agreement except to the extent the liability arises as a result of the negligence
or willful misconduct of the Supplier.

 

	4.	Supplier’s undertakings

 

The Supplier agrees that at all times
during the Term it shall:

 

		(a)	supply the Products to the Distributor for resale within the Field in the Territory and not supply the
Products to any other party for sale within the Field in the Territory;

 

		(b)	provide any information and support that may reasonably be requested by the Distributor to enable it to
discharge its duties under this Agreement properly and efficiently; and

 

		(c)	make commercially reasonable efforts to supply the Products to the Distributor for resale in the Territory
in accordance with Distributor’s forecast requirements, provided the Orders do not exceed the forecast for each type of Product provided
under clause 6.

 

	5.	Order process

 

	5.1	In each Year the Distributor shall place orders with the Supplier for the Minimum Quantity for that Year;
provided however that the Supplier’s sole and exclusive remedy for Distributor’s failure to order the Minimum Quantity in
a given Year is to terminate this Agreement pursuant to clause 15.3.

 

	5.2	To place an order for Products, the Distributor shall either send a Purchase Order to the Supplier or
submit an order orally, provided that an order made orally must be confirmed by a Purchase Order (bearing the additional words “confirmation
of oral order”) received by the Supplier within three days from the date on which the Distributor gave the oral order.

 

	5.3	A Purchase Order submitted by the Distributor shall be treated as an offer to contract with the Supplier
but shall not be binding until accepted by the Supplier in accordance with clause 5.5. The Supplier may, at its sole discretion, accept
amendments to a Purchase Order after acceptance;

 

	5.4	The Supplier shall apply an Order Reference to each Order received from the Distributor and inform the
Distributor of the Order Reference as soon as reasonably practicable. Each party shall use the Order Reference to identify each Order
from the time at which the Order Reference is known to it.

 

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	5.5	The Supplier shall, at its discretion, within two (2) business days of its receipt of a Purchase Order,
accept the Order using an Order Confirmation and such Order Confirmation shall be treated as acceptance of the Distributor’s Order.

 

	5.6	The Supplier shall use commercially reasonable efforts to meet the delivery dates confirmed by it for
all Purchase Orders and, in any event, shall cause all Products to be delivered within nine (9) weeks of its receipt of the corresponding
Purchase Order and the artwork has been approved

 

	6.	Forecasts of demand

 

	6.1	The Distributor shall, within thirty (30) days of the Commencement Date, provide the Supplier with a forecast
of the Distributor’s expected purchase volume of Products for the following three (3) year period (the ‘Commencement Forecast’).

 

	6.2	Distributor will thereafter at the end of each Quarter during the Term provide the Supplier with an updated
version of the Commencement Forecast for the 18 month period following the end of the said Quarter, which shall have the effect of fixing
the Distributor’s requirements in respect of the first four (4) months of each such Product forecast (the ‘Initial Four (4)
Month Period’) such that the said requirements shall be guaranteed and shall not be capable of being amended by the Distributor.
Accordingly, the Distributor shall be obligated to purchase all Products referred to in the Initial Four (4) Month Period of each such
Product forecast (including, for the avoidance of doubt, the Initial Four (4) Month Period of the Commencement Forecast) unless otherwise
agreed in writing by Supplier.

 

	6.3	The Distributor acknowledges that Supplier’s ability to be able to meet demand for Products depends
on timely delivery by the Distributor of the Product forecast in each Quarter. The Supplier shall not be responsible for late delivery
if and to the extent caused by the Distributor’s failure to comply with the forecasting provisions set out in this clause 6.

 

	7.	Specification and Delivery

 

	7.1	The Supplier warrants that all Products sold by the Supplier to the Distributor pursuant to this Agreement
will conform in all material respects to the Specification for a period commencing on the delivery of such Products to the Distributor
and ending on the [twelve (12) month] anniversary of such delivery. All other defects or conditions (whether express or implied) as to
quality, condition, description, compliance with sample or fitness for purpose (whether statutory or otherwise) other than those expressly
set out in this Agreement are excluded from this Agreement to the fullest extent permitted by law.

 

	7.2	Unless otherwise agreed in writing, the Supplier shall supply the Products to the Distributor on an ex
works basis (as defined in the International Chamber of Commerce’s Incoterms 2020) at the Collection Point in accordance with the
applicable Order(s).

 

	7.3	Delivery of the Products shall take place when the Products are made available for collection at the Collection
Point. Acceptance of any change to the Collection Point requested by the Distributor shall be at the Supplier’s sole discretion and the
Distributor shall be liable for any additional expenses incurred by the Supplier as a result of such change. The Supplier shall arrange
for suitable transport to the Collection Point. On delivery, the Supplier (or its appointed carrier) shall provide the Distributor with
such export documents as are necessary together with a delivery note.

 

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	7.4	The Distributor shall collect the Products promptly from the Collection Point. If the Distributor has
not arranged for the Products to be collected within ten (10) Business Days of the Supplier notifying the Distributor, the Supplier may
store the Products and shall be entitled to recharge the reasonable additional storage costs incurred by the Supplier.

 

	7.5	The Supplier may effect delivery in one or more instalments. The Supplier will have fulfilled its contractual
obligations in respect of each delivery provided that the quantity actually delivered is no greater than [10%] more or less than the quantity
specified on the Order Form. The Distributor shall pay for the actual quantity delivered.

 

	7.6	The Distributor shall, within thirty (30) days of collection of the Products from the Collection Point,
give written notice of rejection to the Supplier on account of any defect by reason of which the Distributor alleges that the Products
delivered do not comply with the Warranty and which was apparent on reasonable inspection.

 

	7.7	If Supplier agrees to add free product as shown in schedule 2 this is to be taken as part of replacement
for any defected items reported as per clause 7.6. Any products used for samples for testing will be added to the next distributors order
free of charge.

 

	7.8	If the Distributor alleges that any Products are defective, it shall, if so requested by the Supplier,
return the relevant Products unaltered to the Supplier for inspection as soon as possible and at its own risk and expense. If the Supplier
determines that such Products are in fact defective, Supplier shall reimburse the Distributor for the cost to return such Products.

 

	7.9	If the Distributor rejects any delivery of the Products which do not comply with the Warranty, the Supplier
shall, within seven days of the Supplier accepting that the Products do not comply with the Warranty:

 

		(a)	supply replacement Products which comply with the Warranty, in which event the Supplier shall be deemed
not to be in breach of this Agreement or have any liability to the Distributor for the rejected Products; or

 

		(b)	notify the Distributor that it is unable to supply replacement Products, in which case the Supplier shall
grant to the Distributor a refund equal to the purchase price paid by Distributor for the Products which the Supplier agrees do not comply
with the Warranty.

 

		(c)	The Supplier and Distributor are to reach a mutual agreement as to whether the products comply with the
specification. A written agreement will be final.

 

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	8.	Prices and Payment

 

	8.1	The prices to be paid by the Distributor to the Supplier for the Products are to be the prices set forth
on Schedule 5.

 

	8.2	Commencing in the Renewal Term, on the request of either Party, the Parties shall meet in good faith to
discuss and agree in good faith an adjustment (increases or decreases) to the Supply Price for each Product for the following Calendar
Year, with such agreement to be reached no later than October 1 of each applicable Contract Year. If the Parties agree that there has
been a decrease to manufacturing costs, labor costs, or costs of raw materials or packaging required by Supplier to fulfill its obligations
under this Agreement, then the Parties will decrease the Price in the next calendar year to appropriately reflect such decreasing costs.
If the Parties agree that there has been an increase to manufacturing costs, labor costs, or costs of raw materials or packaging required
by Supplier to fulfill its obligations under this Agreement, then the Parties will increase the Price in the next calendar year to appropriately
reflect such increasing costs, provided that any upward adjustment in Price (i) will be equal to and limited to increases that are directly
attributable to changes in the manufacturing costs, labor costs, or costs of raw materials or packaging required by Supplier to fulfill
its obligations under this Agreement and only to the extent not offset by other cost savings measures (as reasonably documented by Supplier);
(ii) will be limited to a 3% cap on any increase or decrease from the applicable Price in the prior calendar year; and (iii) shall not
apply to any Product for which a purchase order has already been accepted

 

	8.3	The Supplier shall invoice the Distributor upon acceptance of Order for 30% of the value of the Order
and the Distributor shall pay that invoice upon receipt. Upon completion of the delivery of Products to Supplier’s facility or other
designated recipient, the Supplier shall invoice the Distributor for the remaining value of 70% of the total value of the Products, which
the Distributor shall pay within thirty (30) days of receipt of invoice.

 

	8.4	All payments shall be made by means of electronic transfer in immediately available funds to such bank
account as the Supplier may direct from time to time. Unless otherwise agreed, the invoiced currency shall be US Dollars ($).

 

	8.5	If the Distributor fails to pay any invoice within thirty (30) days of its due date the Supplier shall
be entitled to suspend all further Orders and deliveries of Products until all outstanding and due amounts have been settled in full.

 

	8.6	If the Distributor disputes any invoice, it shall give prompt notice to the Supplier (and in any case
within fourteen (14) days of receipt) and the parties shall attempt in good faith to resolve the issue as soon as reasonably possible.
In such event, the Distributor shall pay such amount of the invoice that is not in dispute. In the event that no dispute is raised within
fourteen (14) days of receipt of invoice the invoice will be deemed accepted and any right of dispute waived.

 

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	8.7	Any amount due and not paid on the due date, including any disputed amount that is subsequently required
to be paid, will incur interest at the rate of 2% over the base rate of the Bank of England from time to time, commencing on the due date
and continuing until fully paid, whether before or after any judgment.

 

	8.8	As between the Supplier and the Distributor, the Distributor is solely responsible for the collection,
remittance and payments of any or all taxes, charges, levies, assessments and other fees of any kind imposed by governmental or other
authority in respect of the purchase, sale, importation, lease or other distribution of the Products.

 

	8.9	All sums payable under this Agreement are exclusive of any value added tax or other applicable sales tax,
which shall be added to the sum in question. A sales or value added tax invoice shall be provided against any payment if required by the
applicable law.

 

	8.10	The Distributor shall pay for any and all expenses, costs and charges incurred by it in the performance
of its obligations under this Agreement, unless the Supplier has expressly agreed in advance in writing to pay such expenses, costs and
charges.

 

	9.	Title and Risk

 

	9.1	Title and Risk in and responsibility for the Products shall pass to the Distributor once they have been
collected from the Collection Point.

 

	9.2	Until ownership of the products passes to the Distributor, the Distributor shall hold the products on
the following terms:

 

		(a)	The products shall be adequately stored and maintained in a satisfactory condition.

 

	9.3	Until full payment of the Products has been made to the supplier, the Distributor shall not resell the
Products to another reseller or distributor.

 

	10.	Changes

 

	10.1	The Supplier may, on giving written notice to the Distributor:

 

		(a)	amend Schedule 1 to exclude from this Agreement one or more of the Products as it thinks fit if for any
reason the production of such Products has been permanently discontinued; provided however that the parties shall agree in good faith
on a transition plan for such discontinued Products;

 

		(b)	elect to alter the Specification of any of the Products, provided that the alteration does not materially
adversely affect the Products; or

 

		(c)	amend Schedule 1 and/or Schedule 2 to include any modified version of the Products, additional goods or
replacements for the Products; provided however that the parties shall agree in good faith on a transition plan for such replaced Products.

 

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	10.2	The Supplier may, on giving written notice to the Distributor, elect to alter the Specification of any
of the Products otherwise than in accordance with clause 10.1(b), provided that the alteration does not materially adversely affect the
Products. Where the Distributor has placed an Order and the Supplier has accepted that Order using an Order Confirmation, and the Specification
of any of the Products contained in that Order are varied in accordance with this clause 10.2, the Distributor may cancel the part of
the Order that relates to the varied Products only.

 

	10.3	The Supplier may, on giving written notice to the Distributor, amend Schedule 1 to exclude from this Agreement
one or more of the Products as it thinks fit otherwise than in accordance with clause 10.1(a); provided however that the parties shall
agree in good faith on a transition plan for such discontinued Products. Where the Distributor has placed an Order and the Supplier has
accepted that Order using an Order Confirmation, and any of the Products contained in that Order are excluded from this Agreement, the
Order shall automatically be varied to exclude such excluded Products.

 

	11.	Intellectual Property Rights

 

	11.1	The Distributor acknowledges that:

 

		(a)	the Product IP is owned by the Supplier or its licensor(s);

 

		(b)	nothing in this Agreement shall be construed as conferring any rights in favour of the Distributor, including
any rights of ownership, save for those limited rights granted in accordance with this Agreement; and

 

		(c)	all rights in or relating to the Product IP are expressly reserved to the Supplier and/or its licensors.

 

	11.2	The Supplier acknowledges that:

 

		(a)	the Distributor Trade Marks and the Packaging Rights are owned by the Distributor or its licensor(s);

 

		(b)	nothing in this Agreement shall be construed as conferring any rights in favour of the Supplier in the
Distributor Trade Marks and/or the Packaging Rights, including any rights of ownership, save for those limited rights granted in accordance
with this Agreement; and

 

		(c)	all rights in or relating to the Distributor Trade Marks and/or the Packaging Rights are expressly reserved
to the Distributor and/or its licensors.

 

	11.3	The Supplier will package the Products according to directions or instructions provided by the Distributor,
including with respect to the Distributor Trade Marks, and it is agreed and accepted that all resulting Packaging Rights shall be owned
by the Distributor.

 

	11.4	Each party hereby warrants to the other party that it is authorised to enter into this Agreement and to
grant to the other party such rights as are reasonably required for the other party to carry out its obligations under this Agreement,
including (respectively) the rights in relation to the Product IP and the Distributor Trade Marks and/or Packaging Rights.

 

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	11.5	The Supplier makes the following representations and warranties to the Distributor:

 

		(a)	Supplier has appropriate authority and consent to supply products in accordance with this agreement

 

		(b)	To the best of the Suppliers knowledge and belief there are no known patents or patent applications, owned
by a third party, which would be infringed by the manufacture, use or sale of the Products;

 

		(c)	To the best of the Suppliers knowledge and belief none of the Product IP is involved in any pending or,
to the knowledge of the Supplier, threatened litigation, arbitration, administrative or other proceedings, or governmental investigation
other than ordinary pre-grant patent application prosecution proceedings;

 

		(d)	it has not received any notice of invalidity or infringement of any of the Product IP or obtained any
legal opinions of counsel on patentability, validity or infringement related thereto;

 

		(e)	it has no outstanding encumbrances or agreements, including any agreements with academic institutions,
universities, or third party employers, whether written, oral or implied, which would conflict with the rights granted herein; and

 

		(f)	it is unaware of any information, such as uncited prior art, which would raise a substantial question
of the validity or enforceability of any of the Product IP.

 

	11.6	If at any time it is alleged that the Product IP infringes the Intellectual Property Rights of any third
party or if the Supplier considers such an allegation is likely to be made, the Supplier shall at its option and its own cost:

 

		(a)	modify or replace the Products in order to avoid the infringement; or

 

		(b)	procure for the Distributor the right to continue using the Products; or

 

		(c)	repurchase the Products at the price paid by the Distributor.

 

	11.7	If at any time it is alleged that the Distributor Trade Marks or the Packaging Rights infringe the rights
of any third party or if the Distributor considers such an allegation is likely to be made, the Distributor shall at its option and its
own cost:

 

		(a)	modify or replace the Distributor Trade Marks and/or Packaging Rights in order to avoid the infringement;
or

 

		(b)	procure for the Distributor the right to continue using the Distributor Trade Marks and/or Packaging Rights.

 

	11.8	Each party shall promptly and fully notify the other of:

 

		(a)	any actual, threatened or suspected infringement of any Intellectual Property Rights which comes to the
its notice; and

 

		(b)	any claim by any third party that (as applicable) the use of the Intellectual Property Rights infringes
the rights of any person.

 

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	11.9	Each party agrees (at the other party’s request and expense) to do all such things as may be reasonably
required to assist the other party in taking or resisting any proceedings in relation to any infringement or claim referred to in this
clause 11.

 

	11.10	In the event of any claim, proceeding or suit by a third party alleging an infringement of a party’s
Intellectual Property Rights, as described in clauses 11.1 and 11.2 above, the party owning those rights (the ‘Owner’) shall
defend the other party (the ‘User’) at the Owner’s expense, subject to:

 

		(a)	the User promptly notifying the Owner in writing of any such claim, proceeding or suit; and

 

		(b)	the Owner being given sole control of the defence of the claim, proceeding or suit,

 

		(c)	and provided that the Owner shall not be liable for infringements to the extent that the issues arise
out of or in connection with modifications to the Owner’s Intellectual Property Rights made by anyone except the Owner or its authorised
representative, or out of use or combination of the Owner’s Intellectual Property Rights with products or third party materials
not specified or expressly approved in advance in writing by the Owner, or where the claim, proceeding or suit arises from the Owner’s
adherence to the User’s requested changes to the Owner’s Intellectual Property Rights or from infringing items of the User’s
origin, design or selection.

 

	11.11	The Owner shall reimburse the User with an amount equal to any reasonable cost, expense or legal fees
incurred at the Owner’s written request or authorisation and shall indemnify the User against any liability assessed against the
User by final judgement on account of the infringement covered by this clause 11, subject always to the terms of clause 14.

 

	12.	Compliance and Adverse Events

 

	12.1	Each party shall at its own expense comply with all laws and regulations relating to its activities under
this Agreement, as they may change from time to time, and with any conditions binding on it in any applicable licences, registrations,
permits and approvals.

 

	12.2	The Distributor shall be responsible for obtaining and maintaining all approvals, clearances and consents
in connection with the importation, promotion and sale of the Products into/in the Territory, including all Regulatory Approvals, and
to complete in a proper and efficient manner all administrative steps, requirements, documents and other formalities in connection with
the same. The Distributor shall be responsible for any customs duties, clearance charges, taxes, brokers’ fees and other amounts payable
in connection with the importation and delivery of the Products.

 

	12.3	Local Regulations relating to Products

 

		(a)	The Distributor warrants to the Supplier that it has informed the Supplier of all laws and regulations
affecting the manufacture, sale, packaging and labelling of Products which are in force within the Territory or any part of it (Local
Regulations) at the date of this Agreement.

 

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		(b)	The Supplier, in turn, warrants to the Distributor that it shall supply the Products in a form to enable
the Distributor to comply with the Local Regulations, subject always to the Distributor’s obligations under clause 12.3.

 

		(c)	The Distributor shall give the Supplier as much advance notice as reasonably possible of any prospective
changes in the Local Regulations.

 

		(d)	On receipt of notification from the Distributor under clause 12.3(c), the Supplier shall make commercially
reasonable efforts to ensure that the Products comply with any change in the Local Regulations by the date of implementation of that change,
or as soon as is reasonably possible afterwards.

 

	12.4	Adverse Event Reporting.

 

Each party will be
responsible for reporting to the other party any adverse events or product complaints related to the Products of which the first party
becomes aware during the Term of this Agreement. An adverse event (“AE”) is defined as any untoward medical occurrence, including
an exacerbation of a pre-existing condition, in a customer or other user of the Products. A product complaint is the failure of a product
to meet a customer’s expectations with regard to its physical properties, functionality, condition, labeling, or packaging. This
could include suspected product tampering, adulteration, or counterfeiting. Any AE and/or product complaint concerning any Product that
comes to the attention of the Distributor must be reported to the Supplier promptly. The report must be made same day or no later than
by the work day next following the receipt of the AE or product complaint.

 

	13.	Product liability insurance and product recalls

 

	13.1	Subject to the Distributor fulfilling all the conditions in this clause 13, the Supplier shall indemnify
the Distributor against any liability incurred by the Distributor in respect of damage to property, death or personal injury arising from
any fault or defect in the materials or workmanship of the Products and any reasonable costs, claims, demands and expenses arising out
of or in connection with that liability (Relevant Claim), except to the extent the liability arises as a result of the negligence
or willful misconduct of the Distributor.

 

	13.2	The Distributor shall, as soon as it becomes aware of a matter which may result in a Relevant Claim:

 

		(a)	give the Supplier written notice of the details of the matter;

 

		(b)	give the Supplier access to and allow copies to be taken of any materials, records or documents as the
Supplier may require to take action under clause 13.2(c);

 

		(c)	allow the Supplier the exclusive conduct of any proceedings and take any action that the Supplier requires
to defend or resist the matter, including using professional advisers nominated by the Supplier; and

 

		(d)	not admit liability or settle the matter without the Supplier’s written consent.

 

	13.3	During the Term, the Supplier shall maintain product liability insurance with a reputable insurer of no
less than $2,000,000 USD for any one occurrence and no less than $2,000,000 USD in total in any one year for any and all liability (however
arising) for a claim that the Products are faulty or defective. The Supplier shall provide a copy of the insurance policy and proof of
payment of the current premium to the Distributor on request.

 

    14

    

    

 

	13.4	The Supplier shall renew the insurance for the term of this Agreement and within fourteen days of each
renewal shall produce to the Distributor the premium receipt for the renewal (or other evidence of the renewal satisfactory to the Distributor).

 

	13.5	If the Supplier fails to effect a renewal the Distributor is entitled to effect the insurance and the
Supplier shall on demand reimburse to the Distributor an amount equal to the premium for that insurance.

 

	13.6	The Distributor undertakes to maintain appropriate, up-to-date and accurate records to enable the immediate
recall of any Products or batches of Products from the retail or wholesale markets. These records shall include records of deliveries
to Distributors (including batch numbers, delivery date, name and address of Distributor, telephone number, fax number and email address).

 

	13.7	The Distributor shall, at the Supplier’s cost, give any assistance that the Supplier shall reasonably
require to recall, as a matter of urgency, Products from the retail or wholesale market.

 

	13.8	The Distributor shall:

 

		(a)	take such action, institute such proceedings and give such information and assistance as the Supplier
may reasonably request to:

 

		(i)	dispute, resist, appeal, compromise, defend, remedy or mitigate the matter; or

 

		(ii)	enforce against any person (other than the Supplier) the rights of the Distributor in relation to the
matter; and

 

		(b)	in connection with any proceedings related to the matter (other than against the Supplier), use professional
advisers nominated by the Supplier and, if the Supplier so requests, allow the Supplier the exclusive conduct of the proceedings,

 

in each case on the basis that the Supplier
shall indemnify the Distributor for all reasonable costs incurred as a result of any request or nomination by the Supplier.

 

	14.	Limitation of liability

 

	14.1	Nothing in this Agreement shall limit or exclude either party’s liability for:

 

		(a)	death and/or personal injury resulting from the negligence of that party or its directors, officers, employees,
contractors or agents;

 

		(b)	fraud and/or fraudulent misrepresentation by that party or its directors, officers, employees, contractors
or agents; and/or

 

		(c)	any matter in respect of which it would be unlawful for the Supplier to exclude or restrict liability.

 

    15

    

    

 

	14.2	Subject to clause 14.1:

 

		(a)	Neither party shall, under any circumstances whatever, be liable to the other party, whether in contract,
tort (including negligence), breach of statutory duty, or otherwise, for:

 

		(i)	any loss of goodwill, profit, revenue or anticipated savings; or

 

		(ii)	any loss that is an indirect or secondary consequence of any act or omission of that party.

 

		(b)	Each party’s total liability for damage to property caused by the negligence of its employees in
connection with this Agreement shall be limited to $2,000,000 for any one event or series of connected events; and

 

		(c)	Each party’s total liability to the other party in respect of all other loss or damage arising under or
in connection with this Agreement, whether in contract, tort (including negligence), breach of statutory duty or otherwise, shall in no
circumstances exceed $2,000,000 for the entire Term.

 

For the avoidance
of doubt, the above limitations apply to all and any indemnities hereunder.

 

	15.	Commencement, duration and termination

 

	15.1	This Agreement shall take effect on the Commencement Date and, subject to clause 15.2, clause 15.3 and
clause 18.4, shall continue in force for an initial term of [3] Years (the “Initial Term”) and shall automatically
continue thereafter for successive 2-year periods (“Renewal Terms”) unless terminated by either party giving at least
[six] months’ written notice prior to the end of the applicable Initial Term or Renewal Term.

 

	15.2	Without affecting any other rights or remedies to which it may be entitled, either party may give notice
in writing to the other terminating this Agreement immediately if:

 

		(a)	the other party fails to pay any amount due under this Agreement on the due date for payment and remains
in default for more than thirty (30) days;

 

		(b)	the other party commits a material breach of any term of this Agreement and (if that breach is remediable)
fails to remedy that breach within sixty 60 days of that party being required to do so; or

 

		(c)	the other party repeatedly breaches any of the terms of this Agreement in a manner as to reasonably justify
the opinion that its conduct is inconsistent with it having the intention or ability to give effect to the terms of this Agreement;

 

		(d)	an order is made or a resolution is passed for the winding up of the other party, or an order is made
for the appointment of an administrator to manage the affairs, business and property of the other party, or such an administrator is appointed,
or a receiver is appointed of any of the other party’s assets or undertaking, or circumstances arise which entitle a court or a creditor
to appoint a receiver or manager or which entitle a court to make a winding-up order, or the other party takes or suffers any similar
or analogous action in consequence of debt, or an arrangement or composition is made by the other party with its creditors or an application
to a court for protection from its creditors is made by the other party.

 

		(e)	the other party suspends or ceases, or threatens to suspend or cease, to carry on all or a substantial
part of its business; or

 

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	15.3	The Supplier may terminate this Agreement immediately by notice in writing if the Distributor fails to
purchase the applicable Minimum Quantity in any Year.

 

	15.4	The Supplier may terminate this Agreement immediately by notice in writing if the Distributor is in material
breach of any of its compliance obligations under clause 12.

 

	16.	Consequences of termination

 

Any provision of this Agreement that
expressly or by implication is intended to come into or continue in force on or after termination of this Agreement shall remain in full
force and effect.

 

	16.1	Termination of this Agreement shall not affect any rights, remedies, obligations or liabilities of the
parties that have accrued up to the date of termination or expiry, including the right to claim damages in respect of any breach of the
Agreement which existed at or before the date of termination.

 

	16.2	On termination:

 

		(a)	the Supplier shall have the option to buy from the Distributor any stocks of the Products at the same
price the Distributor paid for them. To exercise the option, the Supplier must give notice to the Distributor within 30 days of termination,
stating the quantities of Products it wishes to buy. The Distributor shall deliver such Products to the Supplier within 14 days of receiving
the Supplier’s notice, and the Supplier shall pay for the Products in full within 30 days of their delivery. The Distributor shall be
responsible for the costs of packaging, insurance and carriage of the Products;

 

		(b)	if the Supplier chooses not to exercise its option to buy back the Products under clause 16.2(a), or
purchases only part of the Distributor’s stocks of Products, the Distributor may for a period of twelve (12) months following termination
of this Agreement, sell and distribute any stocks of the Products that it may have in store or under its control at the time.

 

		(c)	if the Supplier chooses to buy back the Products under clause 16.3(a), the Distributor shall at the Supplier’s
option promptly destroy or return all samples, technical pamphlets, catalogues, advertising materials, specifications and other materials,
documents or papers that relate to the Supplier’s business that the Distributor may have in its possession or under its control (other
than correspondence between the parties); and

 

		(d)	the termination of this Agreement shall not of itself make the Supplier liable to pay any compensation
to the Distributor, including, compensation for loss of profits or goodwill.

 

    17

    

    

 

	16.3	Subject to clause 16.2, all other rights and licences of the Distributor under this Agreement shall
                                  terminate on the termination date.

 

	16.4	The Supplier may cancel any orders for Products placed by the Distributor before termination if delivery
would fall due after termination, whether or not they have been accepted by the Supplier. The Supplier shall have no liability to the
Distributor in respect of such cancelled orders.

 

	17.	Confidentiality

 

	17.1	In this clause 17, Confidential Information means all information disclosed (whether in writing, orally
or by another means and whether directly or indirectly) by one party (‘Disclosing Party’) to the other party (‘Receiving
Party’) whether before or after the date of this Agreement including, without limitation, information relating to the products,
operations, processes, plans or intentions, product information, know-how, design rights, trade secrets, market opportunities and business
affairs of the Disclosing Party or a member of the Disclosing Party’s Group.

 

	17.2	Each party undertakes that it shall not at any time during this Agreement and for a period of five years
after termination of this Agreement, disclose to any person any Confidential Information, except as provided by clause 17.3.

 

	17.3	Each party may disclose the other party’s confidential information:

 

		(a)	to those of its employees, officers, representatives or advisers who need to know such information for
the purpose of carrying out the party’s obligations under this Agreement (‘Recipient’). Each party shall ensure that each
Recipient complies with this clause 17; and

 

		(b)	as may be required by law, court order or any governmental or regulatory authority.

 

	17.4	Before disclosure of Confidential Information to a Recipient, the Receiving Party shall ensure that the
Recipient executes a confidentiality Agreement in a form approved by the Disclosing Party. The Receiving Party shall ensure that the Recipient
at all times complies with the confidentiality Agreement.

 

	17.5	clause 17.2, clause 17.3 and clause 17.4 do not apply to Confidential Information which:

 

		(a)	is at the date of this Agreement or at any time after the date of this Agreement comes into the public
domain other than through breach of this Agreement by the Receiving Party or a Recipient;

 

		(b)	can be shown by the Receiving Party to the Disclosing Party’s reasonable satisfaction to have been known
by the Receiving Party before disclosure by the Disclosing Party to the Receiving Party; or

 

		(c)	subsequently comes lawfully into the possession of the Receiving Party from another.

 

    18

    

    

 

	17.6	No party shall use any other party’s Confidential Information for any purpose other than to perform its
obligations under this Agreement.

 

		17.7	Each party shall have in place industry-standard policies, procedures, training programmes and draft confidentiality
Agreements so as to ensure that its employees are able to identify and label Confidential Information and deal with it in accordance with
the obligations imposed under this clause 17. Each party will upon reasonable written notice disclose to the other on a regular basis
details of its policies, procedures and standard documents relating to confidentiality.

 

	18.	Force majeure

 

	18.1	Force Majeure Event means any circumstance not within a party’s reasonable control including, without
limitation:

 

		(a)	acts of God, flood, storm, drought, earthquake, fire or other natural disaster;

 

		(b)	epidemic, disease or pandemic;

 

		(c)	terrorist attack, civil war, civil commotion or riots, war, threat of or preparation for war, armed conflict,
imposition of sanctions, embargo, or breaking off of diplomatic relations;

 

		(d)	nuclear, chemical or biological contamination or sonic boom;

 

		(e)	any law or any action taken by a government or public authority, including without limitation imposing
an export or import restriction, quota or prohibition, or failing to grant a necessary licence or consent;

 

		(f)	collapse of buildings, breakdown of plant or machinery, fire, explosion or accident;

 

		(g)	any labour or trade dispute, difficulty or increased expense in obtaining workers, materials or transport,
strikes, industrial action or lockouts [(other than in each case by the party seeking to rely on this clause, or companies in the same
Group as that party);

 

		(h)	non-performance by suppliers or subcontractors (other than by companies in the same Group as the party
seeking to rely on this clause); and

 

		(i)	interruption or failure of utility service, cyber-attack, denial of service attack or similar or equivalent
computer or software intrusion, attack or disruption.

 

	18.2	Provided it has complied with clause 18.3, if a party is prevented, hindered or delayed in or from performing
any of its obligations under this Agreement by a Force Majeure Event (Affected Party), the Affected Party shall not be in breach
of this Agreement or otherwise liable for any such failure or delay in the performance of such obligations. The time for performance of
such obligations shall be extended accordingly.

 

    19

    

    

 

	18.3	The Affected Party shall:

 

		(a)	as soon as reasonably practicable after the start of the Force Majeure Event but no later than 7 days
from its start, notify the other party of the Force Majeure Event, the date on which it started, its likely or potential duration, and
the effect of the Force Majeure Event on its ability to perform any of its obligations under the Agreement;

 

		(b)	use all reasonable endeavours to mitigate the effect of the Force Majeure Event on the performance of
its obligations; and

 

		(c)	as soon as reasonably possible after the end of the Force Majeure Event, notify the other party that the
Force Majeure Event has ended and resume performance of its obligations under this Agreement.

 

	18.4	If the Force Majeure Event prevents, hinders or delays the Affected Party’s performance of its obligations
for a continuous period of more than 4 weeks, the party not affected by the Force Majeure Event may terminate this Agreement by giving
14 days’ written notice to the Affected Party.

 

	19.	Entire Agreement

 

	19.1	This Agreement constitutes the entire agreement between the parties and supersedes and extinguishes all
previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating
to its subject matter.

 

	19.2	Each party agrees that it shall have no remedies in respect of any statement, representation, assurance
or warranty (whether made innocently or negligently) that is not set out in this Agreement. Each party agrees that it shall have no claim
for innocent or negligent misrepresentation or negligent misstatement based on any statement in this Agreement.

 

	20.	Variation

 

Subject to clause 10, no amendment or
variation of this Agreement shall be effective unless it is in writing and signed by the parties (or their authorised representatives).

 

	21.	Assignment and other dealings

 

This Agreement is
personal to the parties and neither party shall assign, transfer, mortgage, charge, subcontract, sublicense, declare a trust over or deal
in any other manner with any of its rights and obligations under this Agreement without the other Party’s prior written consent,
such consent not to be unreasonably withheld; provided however that either party may assign this Agreement to an affiliate or to an acquirer
of such party or substantially all of its assets without the consent of the other party.

 

    20

    

    

 

	22.	Freedom to contract

 

The parties declare that they each have
the right, power and authority and have taken all action necessary to execute and deliver and to exercise their rights and perform their
obligations under this Agreement.

 

	23.	Waiver

 

No failure or delay by a party to exercise
any right or remedy provided under this Agreement or by law shall constitute a waiver of that or any other right or remedy, nor shall
it preclude or restrict the further exercise of that or any other right or remedy. No single or partial exercise of such right or remedy
shall preclude or restrict the further exercise of that or any other right or remedy.

 

	24.	Severance

 

	24.1	If any provision or part-provision of this Agreement is or becomes invalid, illegal or unenforceable,
it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible,
the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under
this clause shall not affect the validity and enforceability of the rest of this Agreement.

 

	24.2	If any provision or part-provision of this Agreement is invalid, illegal or unenforceable, the parties
shall negotiate in good faith to amend such provision so that, as amended, it is legal, valid and enforceable, and, to the greatest extent
possible, achieves the intended commercial result of the original provision.

 

	25.	Notices

 

	25.1	Any notice given to a party under or in connection with this Agreement shall be in writing and shall be:

 

		(a)	delivered by hand or by pre-paid first-class post or other next working day delivery service at its registered
office (if a company) or its principal place of business (in any other case); or

 

		(b)	sent by email to the following email address:

 

		(i)	Supplier: claire@wowfacial.co.uk

 

		(ii)	Distributor: paltavilla@sunevamedical.com

 

	25.2	Any notice shall be deemed to have been received:

 

		(a)	if delivered by hand, on signature of a delivery receipt; and

 

		(b)	if sent by pre-paid first-class post, at 9.00 am on the second Business Day after posting or at the time
recorded by the delivery service; and

 

		(c)	if sent by email, at the time of transmission, or, if this time falls outside business hours in the place
of receipt, when business hours resume. In this clause 25.2(c), business hours means 9.00am to 5.00pm Monday to Friday on a day that
is not a public holiday in the place of receipt.

 

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	25.3	This clause does not apply to the service of any proceedings or other documents in any legal action or,
where applicable, any arbitration or other method of dispute resolution.

 

	26.	Third party rights

 

	26.1	A person who is not a party to this Agreement shall not have any rights whether statutory or otherwise
to enforce any term of this Agreement.

 

	26.2	The rights of the parties to terminate, rescind or agree any variation, waiver or settlement under this
Agreement are not subject to the consent of any other person.

 

	27.	No partnership or agency

 

	27.1	Nothing in this Agreement is intended to, or shall be deemed to, establish any partnership or joint venture
between any of the parties, constitute any party the agent of another party, or authorise any party to make or enter into any commitments
for or on behalf of any other party.

 

	27.2	Each party confirms it is acting on its own behalf and not for the benefit of any other person.

 

	28.	Counterparts

 

	28.1	This Agreement may be executed in any number of counterparts, each of which when executed and delivered
shall constitute a duplicate original, but all the counterparts shall together constitute the one Agreement.

 

	28.2	Transmission of an executed counterpart of this Agreement (but for the avoidance of doubt not just a signature
page) (in PDF, JPEG or other agreed format) shall take effect as delivery of an executed counterpart of this Agreement. If either method
of delivery is adopted, without prejudice to the validity of the Agreement thus made, each party shall provide the others with the original
of such counterpart as soon as reasonably possible thereafter.

 

	28.3	No counterpart shall be effective until each party has executed and delivered at least one counterpart.

 

	29.	Announcements

 

No party shall make, or permit any person
to make, any public announcement concerning this Agreement without the prior written consent of the other parties (such consent not to
be unreasonably withheld or delayed), except as required by law, any governmental or regulatory authority (including, without limitation,
any relevant securities exchange), any court or other authority of competent jurisdiction.

 

    22

    

    

 

	30.	Conflict

 

If there is an inconsistency between
any of the provisions in the main body of this Agreement and the Schedules, the provisions in the main body of this Agreement shall prevail.

 

	31.	Set-off

 

All amounts due under this Agreement
shall be paid to the Supplier in full without any set-off, counterclaim, deduction or withholding (other than any deduction or withholding
of tax as required by law).

 

	32.	Governing law

 

This Agreement and any dispute or claim
arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed
by and construed in accordance with the laws of the state of New York, USA.

 

	33.	Jurisdiction

 

Each party irrevocably agrees that the
courts of New York shall have jurisdiction to settle any dispute or claim arising out of or in connection with this Agreement or its subject
matter or formation (including non-contractual disputes or claims

 

This Agreement has been entered into on the date
stated at the beginning of it.

 

 

23Exhibit
10.28

 

DISTRIBUTION AGREEMENT

 

This Distribution Agreement
(this “Agreement”) is entered into and dated effective as of August 28, 2020 (the “Effective Date”)
by and between Neauvia North America, Inc., a Delaware corporation (“Neauvia”), and Suneva Medical, Inc., a
Delaware corporation (“Distributor”). Distributor and Neauvia are sometimes individually referred to herein
as a “Party” and collectively as the “Parties”.

 

RECITALS

 

WHEREAS, Neauvia is in the
business of developing, manufacturing, and marketing medical devices, and Distributor is in the business of distributing medical devices;

 

WHEREAS, the Parties desire
for Neauvia to sell, and for Distributor to purchase, Neauvia’s products known as Plasma IQ as marketed by Neauvia from time to
time during the Term (as defined below) (the “Product” or “Products”), pursuant to
and subject to the terms and conditions of this Agreement; and

 

WHEREAS, the Parties desire
for Distributor to distribute the Products through its distribution channels;

 

NOW, THEREFORE, in consideration
of the foregoing and other good and valuable consideration, the Parties hereby agree as follows:

 

1.
APPOINTMENT AS DISTRIBUTOR.

 

a. Appointment.
During the Term and subject to the terms and conditions of this Agreement, Neauvia hereby appoints Distributor as the exclusive distributor
except as to Neauvia of the Products for the United States of America and Canada (the “Territory”). Distributor
hereby accepts such appointment on the terms and conditions set forth in this Agreement. Distributor shall not distribute any Products
to any third party outside the Territory or where it knows or should know that such Products will be distributed outside the Territory.

 

b. No
Manufacturing or Modification. Except as set forth above, no express or implied license or other rights of any kind are granted by
Neauvia to Distributor regarding the manufacture, modification or improvement, duplication, or copying or reproduction of any Products.

 

c. Remuneration.
The Parties agree that the sole remuneration for Distributor’s distribution of the Products and for related services shall be the
consideration Distributor receives from its sale of the Products to third parties. For the avoidance of doubt, Neauvia shall have no obligation
to reimburse Distributor for any costs or expenses.

 

d. Joint
Cooperation Agreement. Within forty-five (45) days of the Effective Date, the Parties shall negotiate in good faith to enter into
a Joint Cooperation Agreement on terms reasonably acceptable to both parties (the “JCA”). The purpose of the
JCA shall be to clarify the Distributor commercial operations and interaction with Neauvia sales representatives. In particular, the JCA
shall endeavor to clarify how the Distributor and Neauvia shall manage physician customers (especially those customer common to both Parties),
fulfill customer sales orders, implement referral fees from Distributor to Neauvia if Neauvia personnel facilitate Distributor’s
sale of Products, and implement referral fees from Neauvia to Distributor if Distributor personnel facilitate Neauvia’s sale of
its other products.

 

     

     

    

 

2.
ORDERS, PRICING, PAYMENT, DELIVERY TERMS.

 

a. Orders.
Distributor shall order the Products by delivering a written purchase order (each, a “Purchase Order”) to Neauvia
by e-mail, facsimile, or other order-management methods, in form and method mutually acceptable to the Parties, at least sixty (60) days
prior to the requested shipment date. All Purchase Orders shall include (i) date of order, (ii) purchase order number, (iii) Distributor’s
name, contact, and address information, (iv) the applicable Product names and quantities, (v) the aggregate Unit Price (as defined below)
of the Products, and (vi) the requested shipment date. All orders placed by Distributor shall be subject to the terms of this Agreement.
Additional, different, or conflicting terms contained in any Purchase Order, invoice, shipping documents, or order confirmation, shall
not apply and only this Agreement and its terms will control. No Purchase Order shall be binding upon Neauvia until accepted in writing.
Distributor may cancel any Purchase Order, in writing, within two (2) business days following Distributor’s delivery of such Purchase
Order, provided however any such cancellation shall not affect Distributor’s obligations under Section 2.c (Minimum Purchase Volumes).
Neauvia shall use reasonable endeavors to confirm to Distributor whether a Purchase Order is accepted within two (2) business days of
receipt and at the same time shall specify the delivery date, which shall be the later of (i) sixty (60) days after receipt of such order
from Distributor or (ii) the delivery date requested by Distributor. Neauvia shall use commercially reasonable efforts to meet the delivery
dates confirmed by it for all orders for Product; provided however that a failure to fulfill Purchase Orders over a ninety (90) day period
shall constitute a material breach of the Agreement.

 

b. Pricing
and Payment Terms.

 

i) The
price of each unit of Product for purposes of Distributor’s placement of Purchase Orders with Neauvia (each, a “Unit
Price”) shall be as set forth on Schedule 1 attached hereto.

 

ii) Distributor
shall pay the aggregate Unit Price for each Purchase Order accepted by Neauvia as follows:

 

		(1)	With respect to each Purchase Order delivered prior to the time that Distributor has fully paid for an
aggregate of 400 units of the Product, Distributor shall pay 100% of the aggregate Unit Price which shall be due and payable upon acceptance
by Neauvia of each such Purchase Order and prior to any shipment or delivery; and

 

		(2)	With respect to each Purchase Order delivered after the time that Distributor has fully paid for an aggregate
of 400 or more units of the Product, Distributor shall pay (x) 30% of the aggregate Unit Price which shall be due and payable upon acceptance
by Neauvia of each such Purchase Order and prior to any shipment or delivery and (y) the remaining 70% of the aggregate Unit Price within
thirty (30) days from the shipment of the goods from Neauvia’s Facility.

 

All payments shall
be made in United States Dollars, less any required withholding tax, currency control, or other restriction applicable to such payment,
by wire transfer to Neauvia’s bank account set forth in each invoice or as otherwise provided by Neauvia to Distributor. All undisputed
invoices not paid when due and all Minimum Purchase Units not timely purchased will accrue interest daily at a rate of one and one-half
percent (11⁄2%) per month, or the highest rate permissible by law, whichever is lower, on the unpaid balance until paid in full.

 

    2

     

    

 

c. Minimum
Purchase Volumes. In consideration of Neauvia’s agreement to the terms and conditions of this Agreement (including the pricing
above and Distributor not being required to pay a customary upfront fee to Neauvia), Distributor hereby agrees to purchase the aggregate
number of units of the Product set forth on Schedule 2 attached hereto (the “Minimum Purchase Units”)
during each period set forth opposite such number of units on Schedule 2 so long as this Agreement is in effect (each such period,
a “Minimum Unit Shipping Period”); provided however that Distributor may make up for a shortfall in a given
Minimum Unit Shipping Period in the next Minimum Unit Shipping Period by purchasing such shortfall plus the required Minimum Purchase
Units for such next Minimum Unit Shipping Period. Purchases of Products by Distributor made in excess of the Minimum Purchase Units for
an applicable Minimum Unit Shipping Period shall be credited towards minimum purchase requirements for subsequent periods. Distributor
acknowledges and agrees that the foregoing is an essential term of this Agreement and but for Distributor’s agreement to make such
minimum purchases, Neauvia would not have entered into this Agreement. If Distributor fails to purchase any portion of the Minimum Purchase
Units in a Minimum Unit Shipping Period and fails to make up such shortfall as set forth above, then at Distributor’s option, and
without limitation of any other remedies available to Neauvia under this Agreement or at law or in equity (including termination for material
breach), (i) Distributor may elect to notify Neauvia that Neauvia may deem a Purchase Order to have been delivered by Distributor, and
accepted by Neauvia, for such unpurchased Minimum Purchase Units, and Neauvia may deliver Product to Distributor pursuant thereto, and
Distributor shall pay for such delivery at the applicable Unit Price, or (ii) Distributor may elect to pay Neauvia an amount equal to
such unpurchased Minimum Purchase Units at fifty percent (50%) of the applicable Unit Price; provided however if Distributor fails to
make such an election within ten (10) days of such failure to purchase, then (i) Neauvia may elect to notify Distributor that Neauvia
has deemed a Purchase Order to have been delivered by Distributor, and accepted by Neauvia, for such unpurchased Minimum Purchase Units,
and Neauvia may deliver Product to Distributor pursuant thereto, and Distributor shall pay for such delivery at the applicable Unit Price,
or (ii) Neauvia may elect for Distributor to pay Neauvia an amount equal to such unpurchased Minimum Purchase Units at fifty percent (50%)
of the applicable Unit Price.

 

d. Taxes.
Neauvia’s prices to Distributor do not include any national, state or local sales, use, value added or other taxes which Neauvia
may be required to pay or collect upon the sale or delivery of the Products or upon collection of the sales price of such. Should any
such tax be applicable, Distributor agrees to promptly pay or reimburse to Neauvia such tax including as set forth on any applicable invoice.

 

e. Forecasts.
No less frequently than once every month, Distributor shall provide Neauvia with a non-binding forecast of its good-faith estimate of
the number of units of Product for which it anticipates that it will place Purchase Orders in each of the following three (3) months.

 

f. Shipping
and Delivery. All Products shall be sold, shipped and delivered Ex Works (Incoterms 2020) Neauvia’s facility. Title and risk
of loss shall pass to Distributor upon delivery by Neauvia to the carrier at such facility.

 

g. Acceptance.
Distributor shall have up to ten (10) business days within which to inspect the Products after delivery and shall notify Neauvia if any
Products are visibly non-conforming or do not conform to the number of units or types of Products ordered. Any Products not rejected by
Distributor by written notice to Neauvia within such period shall be deemed accepted.

 

    3

     

    

 

3.
CERTAIN OBLIGATIONS OF DISTRIBUTOR.

 

a. Distribution
Efforts. Distributor will use commercially reasonable efforts to market, promote, distribute, and sell the Products in the Territory
on a continuing basis. Distributor will maintain during the Term sufficient qualified personnel and resources to effectively market, promote,
distribute, and sell the Products as contemplated herein. Distributor will perform all activities under this Agreement with the degree
of skill and the standard of care observed by reputable providers of the same services.

 

b. Additional
Requirements. Distributor agrees:

 

i) to
comply with all laws, rules and regulations applicable to Distributor and its activities hereunder;

 

ii) without
limiting the foregoing, to comply fully with: the Health Insurance Portability and Accountability Act of 1996, the Stark Law (42 USC §1395nn),
the Foreign Corrupt Practices Act (15 USC §78dd-1, et seq.), the federal Anti-Kickback Statute (42 USC §1320a-7b(b)), the Federal
Food, Drug, and Cosmetic Act, and applicable state laws, as each may be amended from time to time;

 

iii) to
use only the claims stated and approved by Neauvia for the Products; off-label claims by Distributor to the use or performance of the
Product are prohibited;

 

iv) to
make no representations, warranties or guarantees to customers with respect to the specifications, features or capabilities of any Product
that are inconsistent with the published literature, documentation, warranties, or guarantees distributed by Neauvia with respect to such
Product;

 

v) to
remain reasonably knowledgeable, informed and up-to-date concerning the function, specifications, and advantages of the Products;

 

vi) to
deliver to every customer the technical documentation provided by Neauvia regarding the applicable Products and the safety (labeling included),
end-user training, and operating instructions provided by Neauvia;

 

vii) not
to alter or modify the Products and their original packaging, and to adequately store the said Products in such a way that is reasonably
intended to avoid abnormal deterioration; and

 

viii) to
not publish, or cooperate in the publication of, any misleading or deceptive advertising material with regard to Neauvia or any Product.

 

4.
Regulatory Matters; marketing.

 

a. Records.
Distributor shall maintain records to ensure the traceability of Product and to comply with the requirements and guidelines of the FDA
relating to traceability, field experience reporting, product complaints, product returns and recalls. During the Term and for one (1)
year after expiration or termination of this Agreement, Neauvia may, upon seven (7) days’ prior notice to Distributor, inspect such
records of Distributor during normal working hours to verify Distributor’s compliance with this Agreement or to meet any regulatory
obligations of Neauvia. In connection therewith, Distributor shall cooperate with Neauvia by: (i) making applicable records available,
(ii) providing copies of the records requested, and (iii) directing its employees and agents to cooperate with Neauvia.

 

b. Product
Complaints. Distributor agrees to (i) send all written customer complaints regarding the Products to Neauvia within forty-eight (48)
hours of receipt of any complaint by Distributor and (ii) summarize in writing and send to Neauvia all oral customer complaints regarding
the Products within forty-eight (48) hours of Distributor’s receipt. Distributor will promptly respond to and manage any complaints
regarding the Products in a manner reasonably requested by Neauvia.

 

    4

     

    

 

c. Adverse
Event Reporting. Distributor shall promptly notify in writing Neauvia of any adverse event, accident, or safety issue with respect
to any Product sold by Distributor of which Distributor is aware, such notification to take place not more than forty-eight (48) hours
after Distributor is notified or otherwise becomes aware of any of the foregoing circumstances. Such notification shall be reasonably
detailed. Without limiting the foregoing, Distributor agrees to provide to Neauvia, upon request, any information reasonably necessary
for Neauvia to comply with any applicable governmental reporting or recordkeeping requirements, including the United States Food and Drug
Administration’s Medical Device Reporting regulations and all similar laws, rules or regulations. All adverse event and complaint
information described in this Section 4.c and in Section 4.b shall constitute confidential information of Neauvia.

 

d. Communications
with FDA. Neauvia shall have the sole right and responsibility to make any communications to or respond to any inquiries from the
FDA or any other regulatory agency related to the Products.

 

e. Further
Agreements. Within forty-five (45) days of the Effective Date, the Parties shall enter into a pharmacovig ilance agreement
and/or quality agreement in connection with this Agreement and the Parties will promptly cooperate in good faith to enter into such
agreement in customary form.

 

f. Recalls
and Other Field Actions.

 

i) In
the event of any action taken to remove from the field or correct a Product or to notify third parties of a Product’s defectiveness
or potential defectiveness, including recalls, market withdrawals, “dear doctor letters” or other corrections (collectively,
a “Field Action”), Distributor and Neauvia shall cooperate in good faith to perform or resolve such Field Action.
As the regulatory manufacturer, Neauvia is primarily responsible for determining when a Field Action is appropriate.

 

ii)  Distributor
will be responsible for implementing each Field Action within its distribution channel’s control, at Neauvia’s reasonable
request, and Neauvia shall reimburse Distributor for its reasonable out-of-pocket costs incurred in performing each Field Action. In the
event of a Field Action, Distributor shall cooperate fully with Neauvia including taking all reasonable actions to secure the recovery
from its end customers of recalled Products.

 

g. Marketing
Materials. Promptly after the Effective Date, the Parties agree to cooperate in good faith to create a claims matrix relating to Distributor’s
marketing and promotional materials. Distributor shall not use any marketing and promotional materials that do not comply with Section
3(b) above. Once any marketing and promotional materials are in final form, Distributor shall submit the final version to Neauvia. If
Neauvia determines that materials previously approved by it do not comply with this Agreement, applicable laws or regulatory requirements,
then Neauvia may give written notice to Distributor of such noncompliance and that Distributor should discontinue use of such materials.
Upon such notice, Distributor shall discontinue use of such materials and the Parties shall cooperate to produce compliant materials.
For clarity, Neauvia shall have no responsibility or liability arising out of any materials used by Distributor after any such notice,
any materials or statements which have not been approved by Neauvia as described above, and any materials which have been modified after
Neauvia’s approval.

 

h. Training.
Neauvia agrees that it shall provide training to certain Distributor personnel with respect to the Products from time to time as mutually
agreed by the Parties. Distributor shall be responsible for training other Distributor personnel and its customers with respect to the
Products. Distributor shall maintain reasonably detailed records of such training and shall provide such records to Neauvia upon Neauvia’s
request.

 

    5

     

    

 

5.
WARRANTIES.

 

a. Mutual
Representations and Warranties of the Parties. Each of Neauvia and Distributor make the following representations and warranties to
the other Party:

 

i) such
Party is duly organized and validly existing under the laws of its jurisdiction of its organization, and has full corporate power and
authority to enter into this Agreement and to carry out the provisions hereof;

 

ii) such
Party is duly authorized to execute and deliver this Agreement and to perform its obligations hereunder, and the person or persons executing
this Agreement on its behalf have been duly authorized to do so by all requisite corporate action;

 

iii) this
Agreement is legally binding upon such Party and enforceable in accordance with its terms;

 

iv) the
execution, delivery and performance of this Agreement by such Party does not conflict with any agreement, instrument or understanding,
oral or written, to which it is a party or by which it may be bound, nor violate any law, rule or regulation of any governmental authority
having jurisdiction over it; and

 

v) all
necessary consents, approvals and authorizations of all governmental authorities and third parties required to be obtained by such Party
to enter into this Agreement and to perform this Agreement have been obtained.

 

b. Limited
Product Warranty. All Products sold to Distributor pursuant to this Agreement are warranted by Neauvia in accordance with and to the
extent of the warranties expressly set forth on the packaging, labeling, or instructions for use of the Products, as set forth on Schedule
3 hereto.

 

c. Limitation
of Warranty. EXCEPT AS EXPLICITLY SET FORTH ABOVE, NEAUVIA DISCLAIMS ANY AND ALL, AND MAKES NO OTHER, WARRANTIES OR REPRESENTATIONS
TO DISTRIBUTOR OR TO ANY OTHER PERSON, EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR
PURPOSE. NEAUVIA DOES NOT WARRANT THAT THE PRODUCTS WILL MEET THE REQUIREMENTS OF DISTRIBUTOR OR END CUSTOMERS.

 

d. No
Additional Warranties by Distributor. Distributor shall not make any additional warranty, guarantee or representation with respect
to the products, whether written or oral, to any third party on behalf of Neauvia.

 

6.
CONFIDENTIALITY.

 

a. For
the purposes of this Agreement, “Confidential Information” means confidential or proprietary information, documents,
and other materials that are disclosed by one party (the “Disclosing Party”) to the other party (the “Receiving
Party”), whether of a technical, business, or other nature (including inventions, trade secrets, know-how, Product-related
events or experiences, and financial information). The Parties agree that Confidential Information shall also include the terms of this
Agreement and the discussions between the Parties with respect thereto. During the Term and for a period of five (5) years thereafter,
the Receiving Party will (i) hold all Confidential Information in strict trust and confidence and not disclose any Confidential Information
to any third parties; (ii) protect the Confidential Information of the Disclosing Party against disclosure to third-parties using at least
the same degree of care that it uses to protect its own proprietary information of a similar nature, but in no event less than a reasonable
degree of care; and (iii) not use such Confidential Information for any purpose other than performing its obligations under this Agreement.

 

b. The
obligations set forth in the preceding paragraph shall not apply to Confidential Information that: (i) is or becomes publicly known without
fault of the Receiving Party; (ii) is or becomes lawfully available from a source other than the Disclosing Party on a non-confidential
basis that is not prohibited from disclosing such information; (iii) was known to the Receiving Party before receipt from the Disclosing
Party as evidenced by contemporaneous written documentation; or (iv) is independently developed by the Receiving Party without the use
of or reference to any Confidential Information of the Disclosing Party, as evidenced by contemporaneous written documentation.

 

c. The
obligations of confidentiality set forth in this Agreement shall not prohibit the Receiving Party from disclosing any part of Disclosing
Party’s Confidential Information which the Receiving Party is required by law, rule, regulation, act or order of any governmental
authority, agency, or court of competent jurisdiction to be disclosed; provided, however, the Receiving Party (i) to the extent reasonably
practicable, shall give the Disclosing Party sufficient advance written notice to permit the Disclosing Party to seek a protective order
or other similar order to obtain confidential treatment with respect to such Confidential Information, (ii) shall assist the Disclosing
Party, as reasonably requested thereby and at the expense of the Disclosing Party, in seeking confidential or protective treatment of
such information, and (iii) shall disclose only the minimum Confidential Information required to be disclosed in order to comply with
such requirement. In addition, the obligations of confidentiality set forth in this Agreement shall not prohibit the Receiving Party from
disclosing any part of Disclosing Party’s Confidential Information to third parties in connection with due diligence or similar
reviews of the Receiving Party, so long as such third parties are bound by obligations of confidentiality with respect to such Confidential
Information no less stringent than those contained in this Agreement.

 

    6

     

    

 

7.
INDEMNIFICATION.

 

a. By
Neauvia. Neauvia shall indemnify, defend, and hold harmless Distributor and its affiliates, and their officers, directors, agents
and employees, from and against any and all liabilities, losses, demands, damages, costs, and expenses (including reasonable attorney’s
fees) to which such indemnitee may become subject as a result of any claim, demand, cause of action, lawsuit or other proceeding (each,
a “Proceeding”) by any third party to the extent arising or resulting from:

 

i) personal
injury from use of a Product in the form and condition such Product was delivered by Neauvia to Distributor and used in accordance with
the Product’s documentation;

 

ii) violation
of applicable law by Neauvia,

 

iii) breach
or non-compliance with any terms of this Agreement by Neauvia;

 

iv) the
fraud, gross negligence or willful misconduct of Neauvia; or

 

v) any
Proceeding alleging or claiming that any of the Products infringes any intellectual property rights or any other proprietary right of
any third party.

 

Notwithstanding the foregoing,
Neauvia will not be responsible for any liabilities, losses, damages, costs, and expenses to the extent arising or resulting from: (i)
the breach or non-compliance with any terms of this Agreement by Distributor or (ii) the fraud, gross negligence or willful misconduct
of Distributor.

 

If a Product becomes the subject
of any such infringement claim, Neauvia shall, at its option and expense, either (x) procure for Distributor the right to continue distributing
the Products; (y) replace or modify the affected Products so they become non-infringing; or (z) accept return of the affected Products.

 

b. By
Distributor. Distributor shall indemnify, defend, and hold harmless Neauvia and its affiliates, and their officers, directors, agents
and employees, from and against any and all liabilities, losses, damages, costs, and expenses (including reasonable attorney’s fees)
to which such indemnitee may become subject as a result of any Proceeding by any third party to the extent arising or resulting from:

 

 i) violation of applicable law by Distributor;

 

ii) breach
or non-compliance with any terms of this Agreement by Distributor; or

 

iii) the
fraud, gross negligence or willful misconduct of Distributor;

 

Notwithstanding the foregoing,
Distributor will not be responsible for any liabilities, losses, demands, damages, costs, and expenses to the extent arising or resulting
from: (i) the breach or non-compliance with any terms of this Agreement by Neauvia or (ii) the fraud, gross negligence or willful misconduct
of Neauvia.

 

c. Procedure;
Settlement. The indemnifying Party shall have the right to control the defense of any Proceeding using counsel reasonably acceptable
to the indemnified parties. Neither Party shall consent to any compromise or settlement of any Proceeding without the prior written consent
of the other Party, which consent shall not be unreasonably withheld; provided, however, the other Party’s consent shall not be
required if such compromise or settlement (i) unconditionally releases the indemnified parties from all liability arising out of such
Proceeding, (ii) does not include a statement as to or an admission of fault, culpability or failure to act on the part of any of the
indemnified parties, and (iii) does not create or impose any license fee, royalty, or other payment obligation on either Party with respect
to the sale of the Products or otherwise.

 

    7

     

    

 

8. LIMITATION
OF LIABILITY. NOTWITHSTANDING ANY OTHER PROVISION IN THE AGREEMENT AND EXCEPT WITH RESPECT TO A PARTY’S CONFIDENTIALITY
OBLIGATIONS SET FORTH IN SECTION 6 AND INDEMNIFICATION OBLIGATIONS SET FORTH IN SECTION 7 OR IN THE EVENT OF A PARTY’S FRAUD, GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT, IN NO EVENT WILL ANY PARTY TO THIS AGREEMENT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL
(INCLUDING DAMAGES FOR LOSS OF PROFITS OR REVENUES), PUNITIVE, OR EXEMPLARY DAMAGES IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT.
EXCEPT WITH RESPECT TO A PARTY’S CONFIDENTIALITY OBLIGATIONS SET FORTH IN SECTION 6 AND INDEMNIFICATION OBLIGATIONS SET FORTH IN
SECTION 7, AND DISTRIBUTOR’S MINIMUM PURCHASE OBLIGATIONS UNDER SECTION 2, OR IN THE EVENT OF A PARTY’S FRAUD, GROSS NEGLIGENCE
OR WILLFUL MISCONDUCT, in no event will either Party’s total aggregate liability (however
arising) under, out of or in connection with to this Agreement, including (but not limited to) liability for breach of contract, misrepresentation
(whether tortious or statutory), tort (including but not limited to negligence), breach of statutory duty, or otherwise, exceed USD 1,000,000,
or the aggregate purchase price for products purchased during the twelve (12) month period immediately preceding the first event giving
rise to liability, whichever AMOUNT is higher.

 

9. TERM
AND TERMINATION.

 

a. Term.
This Agreement shall be effective beginning on the Effective Date and continue until the date that is the earlier of three (3) years after
the Effective Date or such earlier date as this Agreement is terminated pursuant to its terms (the “Term”).

 

b. Material
Breach. If a Party breaches or fails to comply with any of the material terms of this Agreement, the other Party may terminate this
Agreement, prior to the expiration of the Term, by giving written notice of its intent to terminate and stating the grounds therefor.
The Party receiving the notice shall have sixty (60) days from the date of receipt thereof to cure the breach or failure (assuming the
breach or failure is one that is possible to cure). If the breach or failure is not curable, the termination will be effective immediately
upon notice. In the event such breach or failure is cured within such sixty (60) days, the notice shall be of no effect.

 

c. Insolvency
or Liquidation. A Party may terminate this Agreement, prior to the expiration of the Term, by giving written notice of its intent
to terminate, if the other Party has become the subject of voluntary or involuntary bankruptcy, receivership, insolvency, or similar proceedings
that is not dismissed within thirty (30) days or if the other Party is liquidated, dissolved, or otherwise ceases conducting business.

 

d.
Effect of Termination; Remedies.

 

i) Termination
or expiration of this Agreement for any reason shall not release either Party hereto from any obligations which at such time have already
accrued or which thereafter accrues from a breach or default prior to such expiration or termination, nor affect in any way the survival
of any other right, duty or obligation of either Party hereto which is to survive such expiration or termination as provided herein, including
the obligations of the Parties set forth in Sections 2.b. (Payment Terms), 5 (Warranties), 6 (Confidentiality), 7 (Indemnification), 8
(Limitation of Liability), 9 (Termination), 10 (Insurance), and 11 (Intellectual Property). All rights and remedies provided
in this Agreement are cumulative and not exclusive, and the exercise by either Party of any right or remedy does not preclude
the exercise of any other rights or remedies that may now or subsequently be available at law, in equity, by statute, in any
other agreement between the Parties or otherwise, and all such rights and remedies are reserved.

 

(ii)
For ninety (90) days following any expiration or termination of this Agreement, Distributor may continue to sell any inventory in Distributor’s
possession.

 

10. INSURANCE.
Each Party agrees to obtain and maintain commercial general liability insurance and products liability insurance with reputable and financially
secure insurance carriers in such amounts as are reasonable and customary for companies of comparable size and activities. Each Party
shall maintain such insurance during the Term and thereafter for so long as is reasonably necessary to cover third party claims which
may arise from the sale of Products pursuant to this Agreement. Upon request by a Party, the other Party shall promptly produce evidence
of such insurance.

 

    8

     

    

 

11. INTELLECTUAL
PROPERTY.

 

a. General.
Except as expressly provided in this Agreement, neither Party grants to the other Party any ownership rights in or to, any license
in, to or under or any other right to use or exploit any of its patents, trademarks, trade names, copyrights or other intellectual
property and all of a Party’s intellectual property in existence on the date hereof shall be owned exclusively by such
Party.

 

b. Products.
Distributor acknowledges that the Products embody valuable confidential and trade secret information of Neauvia. All rights not specifically
and expressly granted by Neauvia to Distributor in this Agreement are hereby reserved by Neauvia. Distributor shall not have any right
to reproduce, manufacture or modify any Product, to make copies of any Neauvia materials or documentation, or to adapt or create any improvement
or derivative work of any Products or Neauvia materials or documentation. Distributor agrees that it will not, and will not assist any
other party to, reverse engineer all or any part of any of the Products. In the event that, despite the restriction in the preceding sentences,
Distributor or any of its employees, affiliates or agents creates any improvements or derivative works of any Neauvia materials, documentation
or Products, all such improvements or derivative works and intellectual property rights related thereto are hereby assigned and transferred
to Neauvia.

 

c. Trademarks.
Neauvia hereby grants Distributor a non-exclusive, non-transferrable license and right to use Neauvia’s name, logo and trademarks
associated with the Products (collectively, “Neauvia Marks”) solely in connection with Distributor’s marketing
and distribution of the Products under this Agreement. Nothing herein shall grant Distributor any ownership, title or interest in any
Neauvia Marks, and all use of the Neauvia Marks and goodwill derived therefrom shall inure to the benefit of Neauvia. If Distributor acquires
any rights in the Neauvia Marks, by operation of law or otherwise, such rights are hereby assigned and transferred to Neauvia. Distributor
will comply with any trademark usage guidelines that Neauvia may communicate to Distributor from time to time.

 

12. AMENDMENT;
WAIVER; ENTIRE AGREEMENT; ASSIGNMENT. No agreement or understanding modifying or amending this Agreement shall be binding upon
either Party hereto unless it is in writing and signed by a duly authorized representative thereof. Any waiver of strict compliance with
the terms of this Agreement shall not be a waiver of a Party’s right to insist upon strict compliance with the terms of this Agreement
thereafter. This Agreement, together with all attachments specifically referred to herein, constitutes the entire agreement and understanding
between the Parties regarding the subject matter herein, and no party shall be liable or bound to the other in any manner by any warranties,
representations, or covenants except as specifically set forth herein. Neither Party may assign this Agreement, or assign or delegate
any of its rights or obligations hereunder, without the other Party’s prior written consent, such consent not to be unreasonably
withheld; provided however that a Party may assign this Agreement or assign or delegate any of its rights or obligations hereunder to
an affiliate of such Party or in connection with a change of control of such Party without the other Party’s prior written consent.

 

13. NOTICES.
All notices that are required or permitted to be given pursuant to this Agreement shall be given by personal delivery, express courier,
or certified mail and shall be directed to:

 

For Neauvia:

8480
Honeycutt Road

Raleigh, North Carolina 27615

 

For Distributor:

Suneva Medical, Inc.

5870 Pacific Center
Blvd.

San Diego, CA 92121

 

and shall be deemed properly given to the Party
at the above address on the date of personal delivery or on the actual date of delivery if sent by express courier or certified mail.

 

    9

     

    

 

14. SEVERABILITY.
The provisions of this Agreement shall be deemed separable. If any provision in this Agreement shall be found or held to be invalid or
unenforceable, then the meaning of that provision shall be construed, to the extent feasible, to render the provision enforceable. However,
if no feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain
in full force and effect unless the provisions that are invalid or unenforceable substantially impair the value of the entire Agreement
to either Party. In such event, the Parties shall cooperate in good faith to negotiate a substitute, valid, and enforceable provision
which most nearly effects the Parties’ intent in entering into this Agreement.

 

15. GOVERNING
LAW. This Agreement will be interpreted in accordance with the laws of the State of Delaware, without regard to principles of
conflicts of law. The United Nations Convention on Contracts for the International Sale of Goods is expressly disclaimed by the Parties
with respect to this Agreement and the transactions contemplated hereby.

 

16. DISPUTE
RESOLUTION. Both Parties will use good faith and reasonable efforts to resolve any dispute informally and as soon as practical.
If any such dispute is not resolved informally within a reasonable period, then a member of senior executive management from each Party,
having authority to resolve the dispute, will meet at a mutually agreeable time and place to attempt to resolve the dispute prior to commencing
litigation. In the event any dispute is not so resolved, the parties (a) hereby irrevocably and unconditionally submit to the jurisdiction
of the state courts of Delaware and to the jurisdiction of the United States District Court for the District of Delaware for the purpose
of any suit, action or other proceeding arising out of or based upon this Agreement, (b) agree not to commence any suit, action or other
proceeding arising out of or based upon this Agreement except in the state courts of Delaware and the United States District Court for
the District of Delaware, and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such suit,
action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is
exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue
of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court.

 

17. Independent
Contractors; NO AGENCY. Distributor and Neauvia are independent contractors, and neither Party is an agent or partner of
the other. Neither Party will have, and will not represent to any third party that it has, any authority to act on behalf of the other.
Neither Party is authorized to create any obligation on behalf of the other Party.

 

18. Counterparts;
Electronic Signatures. This Agreement may be executed in one or more counterparts, each of which will be deemed an original
and all of which will be taken together and deemed to be one instrument. A manually or electronically signed copy of this Agreement delivered
by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original
signed copy.

 

19. Construction.
The titles of the sections of this Agreement are for convenience of reference only and are not to be considered in construing these the
terms of this Agreement. Unless the context of the terms clearly requires otherwise: (i) references to the plural include the singular,
the singular the plural, and the part the whole, (ii) “or” has the inclusive meaning frequently identified with the phrase “and/or,”
(iii) “including” has the inclusive meaning frequently identified with the phrase “including but not limited to” or
“including without limitation,” and (iv) references to “hereunder,” “herein” or “hereof” relate
to this Agreement as a whole. Any reference in this Agreement to any statute, rule, regulation or agreement, including this Agreement,
shall be deemed to include such statute, rule, regulation or agreement as it may be modified, varied, amended or supplemented from time
to time. The Parties agree that this Agreement shall be fairly interpreted in accordance with its terms without any strict construction
in favor of or against either Party and that ambiguities shall not be interpreted against the drafting party.

 

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20. FURTHER
ACTIONS. Each Party agrees to execute, acknowledge and deliver such further instruments, and to do all such other acts, as may
be necessary or appropriate in order to carry out the purposes and intent of this Agreement.

 

21. DISTRIBUTOR
RIGHT OF FIRST NEGOTIATION.

 

a. If during the Term, Neauvia determines to undertake
an initiative to sell, transfer, assign or otherwise dispose of all or substantially all of its rights to the Product in the Territory
(a “Product Sale”), then Neauvia will notify Distributor in writing of its intent to pursue such Product Sale.
At the request of Distributor, Neauvia will afford Distributor a reasonable opportunity to review information relevant to the Product
Sale. Within thirty (30) days of Distributor’s receipt of the written notice, Distributor will respond to Neauvia in writing regarding
Distributor’s interest in the Product Sale. If Distributor indicates interest in pursuing the Product Sale, the Parties will negotiate
in good faith for a period of at least forty-five (45) days to enter into a definitive agreement to effect the Product Sale. If (i) Distributor
indicates no interest in the Product Sale or does not respond to Neauvia’s notice of the Product Sale within such thirty (30) day
period, or (ii) Distributor and Neauvia do not enter into a definitive agreement to effect the Product Sale within such forty-five (45)
day period, then Distributor’s rights under this Section 21.a shall expire, Neauvia will be free to pursue the Product Sale and
will be deemed to have discharged its obligations under this Section 21.a unless and until the terms of this Section 21.a reset as set
forth below; provided, however, that if at the end of such forty-five (45) day period the Parties are actively negotiating the terms of
a definitive agreement, then such forty-five (45) day period may be extended to a mutually acceptable time by the Parties in writing.
After the above referenced time periods, if Neauvia does not enter into a definitive agreement with a third party to effect the Product
Sale within six (6) months following the expiration of Distributor’s rights above, the terms of this Section 21.a shall reset and
Neauvia must again comply with the time periods set forth above. This Section 21.a shall have no force or effect at any time after Distributor
has breached Section 2.c (Minimum Purchase Volumes).

 

b. If during the Term, Neauvia determines to undertake
an initiative to grant any person, other than any Neauvia’s affiliate, any license or distribution rights to commercialize any or
all of the products of Neauvia in the Territory (“Offered Territory Rights”), Neauvia will notify Distributor
thereof, specifying the applicable product(s) with respect to which it proposes to grant Offered Territory Rights. For clarity, Distributor’s
right with respect to any Offered Territory Rights under this Section 21.b. applies to such Offered Territory Rights in their entirety
– i.e., all (and not less than all) of the applicable products in such Offered Territory Rights. Within thirty (30) days of Distributor’s
receipt of the written notice, Distributor will respond to Neauvia in writing regarding Distributor’s interest in the Offered Territory
Rights. If Distributor indicates interest in pursuing the Offered Territory Rights, the Parties will negotiate in good faith for a period
of at least forty-five (45) days to enter into a definitive agreement to effect the Offered Territory Rights. If (i) Distributor indicates
no interest in the Offered Territory Rights or does not respond to Neauvia’s notice of the Offered Territory Rights within such
thirty (30) day period, or (ii) Distributor and Neauvia do not enter into a definitive agreement to effect the Offered Territory Rights
within such forty-five (45) day period, then Distributor’s rights under this Section 21.b shall expire, Neauvia will be free to
pursue the Offered Territory Rights and will be deemed to have discharged its obligations under this Section 21.b unless and until the
terms of this Section 21.b reset as set forth below; provided, however, that if at the end of such forty-five (45) day period the Parties
are actively negotiating the terms of a definitive agreement, then such forty-five (45) day period may be extended to a mutually acceptable
time by the Parties in writing. After the above referenced time periods, if Neauvia does not enter into a definitive agreement with a
third party to effect the Offered Territory Rights within six (6) months following the expiration of Distributor’s rights above,
the terms of this Section 21.b shall reset and Neauvia must again comply with the time periods set forth above. This Section 21.b shall
have no force or effect at any time after Distributor has breached Section 2.c (Minimum Purchase Volumes).

 

[Signature page follows]

 

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[Signature page to Distribution
Agreement]

 

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

 

	Neauvia North America, Inc.	 	Suneva Medical, Inc.	 
	 	 	 	 
	By:	 	 	By:	 	 
	Name:	 	 	Name:	 	 
	Title:	 	 	Title:	 	 

 

 

12

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