Document:

EX-10.2

 Exhibit 10.2 
 TECHNOLOGY TRANSFER AGREEMENT 
 THIS TECHNOLOGY TRANSFER AGREEMENT (the
“Agreement”) is made and entered into this 18th day of October, 2000, by and between WAYNE STATE UNIVERSITY, a not- for-profit educational institution organized under the laws of the State of Michigan (“WSU”), and GARY W. WOOD,
Ph.D., an individual (“WOOD”) 
 WITNESSETH: 
 WHEREAS, WSU may have certain rights in research, development and other technology relating to cellular immunotherapy, and, more specifically, cancer antigen immunotherapy as described in WSU Invention
Disclosure # 00-506 which is attached as Exhibit A (the “Technology”) including, without limitation, any and all data, discoveries, inventions, technical information and know-how relating to cellular immunotherapy, owned by WSU and
invented by WOOD; and 
 WHEREAS, WOOD is interested in obtaining the rights to develop the Technology so that products and
services (the “Products and Services”) relating to the Technology might become commercially available; and 
 WHEREAS,
WSU does not desire to further develop or commercialize the Technology; 
 NOW, THEREFORE, in consideration of the mutual
covenants and conditions contained herein, the parties hereto do hereby agree as follows: 
 ARTICLE I 

TRANSFER OF TECHNOLOGY 
 Subject to the terms and conditions of this Agreement, on the full and complete execution of this Agreement, WSU does hereby validly sell, assign, transfer, grant, bargain, deliver and convey to WOOD
whatever right, title and interest in and to the Technology WSU may have as a result of studies and development relating to the Technology performed at WSU by WOOD and which utilized WSU resources. Notwithstanding the foregoing, WSU hereby retains
the following: (i) an irrevocable, royalty-free, non-exclusive license to utilize the Technology for non-commercial educational and research purposes only; and (ii) the right to publish any of the data obtained pursuant to any such
authorized research project relating to the Technology. 
 ARTICLE II 

PURCHASE PRICE, PAYMENT, REPORTS AND RECORDS 
 2.1 Purchase Price. The purchase price for the Technology to be paid by WOOD to WSU, shall be as follows: 

(a) WSU shall receive a payment equal to one and one-half percent (1 1/2 %) of Net Sales from all sales of the Products and Services
relating to Technology made by WOOD or WOOD’s Affiliates within twenty (20) years subsequent to the date of this Agreement. 

 (b) WSU shall receive a payment equal to three and
one-half percent (3 1/2 %) of any royalties or
license, milestone or similar fees received from a licensee by WOOD or WOOD’s Affiliates relating to the Technology within twenty (20) years subsequent to the date of this Agreement. 

(c) WSU shall receive a payment equal to one and one-half percent (1 1/2 %) of any consideration (other than equity in an Affiliate)
received by WOOD or WOOD’s Affiliates in the event of a bona fide sale or other similar transfer of the Technology by WOOD or WOOD’s Affiliates to an independent third party within twenty (20) years subsequent to the date of this
Agreement. 
 Products and Services shall be deemed sold when billed. 

2.2 Payment. All amounts payable hereunder shall accrue on the date of sale or license as the case may be; all remittances thereof
shall be made within forty-five (45) days after the last days of March, June, September and December, with respect to all amounts accrued for the preceding calendar quarter. Payments shall be made in lawful currency of the United States.
Payments shall be made to Wayne State University, Technology Transfer Office, 4032 FAB, 656 West Kirby, Detroit, MI, 48202, referencing WSU Invention File # 00-506. 
 2.3 Records. WOOD agrees to keep complete books and records of all the Products and Services sold by WOOD and royalties and fees received by WOOD in sufficient detail to enable the royalties
payable hereunder by WOOD to be accurately determined WOOD further agrees to permit such books and records and such other books and records as may be necessary to such determination to be examined at all reasonable times during business hours,
provided WSU shall not, except as otherwise provided herein, be permitted to examine WOOD’s books and records more than once in each calendar year. Requests for further review of WOOD’s books during any calendar year shall be reasonably
considered and not unreasonably withheld by WOOD upon proper notice. 
 2.4 Definitions. As used in this Agreement, the
following terms shall have the meaning set forth below: 
 (a) Affiliate shall mean any corporation or other
entity of which WOOD now or hereafter during the term of this Agreement owns or controls, directly or indirectly, at least fifty percent (50%) of such entity’s outstanding equity voting stock or other securities. 

(b) Net Sales shall mean the gross contractual price of the Products and Services less returns, trade-ins, adjustments,
allowances, discounts and similar charges and less sales, excise, value added and all other similar taxes, duty, export or import license fees, cost of packaging and crating, and insurance and freight charges with respect to the sale and delivery of
the Products and Services when actually paid by WOOD or WOOD’s Affiliates. 

  
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 2.5 Reimbursement of Patent Costs. Notwithstanding the provisions of Section 2.1
hereof, no payment shall be required until WOOD has received reimbursement for all costs associated with the patent covering the Technology or with WOOD’s attempt to patent the Technology. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF WOOD 
 WOOD hereby makes the following representations and warranties to WSU, each of which is true and correct on the date hereof, each of which shall be unaffected by any investigation heretofore or hereafter
made by WSU and each of which shall survive the transactions contemplated hereby: 
 3.1 WOOD as Inventor. WOOD invented
the Technology, as disclosed to WSU. 
 3.2 Funding. WOOD did not receive any funding from any governmental sources
including, but not limited to, the National Institutes of Health (NIH), or other outside sources/private grants, in support of WOOD’s research for the Technology, which source may have some claim to the Technology. 

3.3 Indemnification. WOOD shall defend, indemnify and hold harmless and shall require his affiliates, corporate transferees and
licensees to defend, indemnify and hold harmless WSU and its affiliates, trustees, officers, employees and agents, for and against any and all claims, demands, damages, losses, and expenses of any nature (including attorneys’ fees and other
litigation expenses), resulting from, but not limited to, death, personal injury, illness, property damage, economic loss or products liability arising from or related to any (a) use by WOOD or by any party acting on behalf of or under
authorization from WOOD, of Technology; and (b) use, sale or other disposition by WOOD or by any party acting on behalf of or under authorization from WOOD, of Products and Services. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF WSU 
 WSU hereby makes the following representations and warranties to WOOD, each of which is true and correct on the date hereof, each of which shall be unaffected by any investigation heretofore or hereafter
made by WOOD and each of which shall survive the transactions contemplated hereby: 
 4.1 Authorization for Agreement.
The execution, delivery and performance of this Agreement by WSU and the consummation of the transaction contemplated hereby has been duly authorized by all necessary actions and proceedings prior to the execution of this Agreement, and this
Agreement is, and any documents or instruments to be executed and delivered by WSU pursuant hereto will be, legal, valid and binding obligations enforceable in accordance with their terms. 

  
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 4.2 Corporate. WSU is an educational institution organized and validly existing under
the laws of the State of Michigan. WSU has complete and unrestricted power and authority to sell, assign, transfer, convey and deliver any rights which it may have in the Technology to WOOD under this Agreement, free and clear of any liens, claims
or encumbrances. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby requires the consent or approval of or the giving of notice to, registration, filing or recording with or the taking
of any other action by WSU in respect of any federal, state or local governmental authority or any third party. 
 4.3 Title
to Technology. Subject to any rights WOOD may already possess in the Technology, WSU, pursuant to this Agreement does transfer to WOOD good and marketable title to the Technology free and clear of any other liens, charges, claims, restrictions
or encumbrances of any nature whatsoever relating to the Technology. 
 ARTICLE V 

CONDITIONS PRECEDENT TO OBLIGATIONS OF WSU 
 The obligations of WSU to consummate the transaction contemplated in this Agreement shall be subject to satisfaction, on the date hereof, of the following condition: 

(a) WOOD shall have performed in all material respects all obligations and complied in all material respects with all
agreements, undertakings, covenants, and conditions required by this Agreement to be performed or complied with by WOOD on the date hereof. 

In the event that the foregoing conditions are not satisfied on the date hereof, WSU may waive such unfulfilled condition, or may, at the option of WSU,
terminate this Agreement and, thereupon, all parties shall be released from any obligations or liabilities hereunder. 
 ARTICLE
VI 
 CONDITIONS PRECEDENT TO OBLIGATIONS OF RECIPIENT 
 The obligations of WOOD to consummate the transactions contemplated in this Agreement shall be subject to satisfaction, on the date hereof, of the following conditions: 

(a) The representations and warranties of WSU contained in this Agreement shall be true and correct on the date hereof;
and 
 (b) WSU shall have performed in all material respects all obligations and complied in all material
respects with all agreements, undertakings, covenants, and conditions required by this Agreement to be performed or complied with by WSU on the date hereof. 
 In the event that the foregoing conditions are not satisfied on the date hereof, WOOD may waive such unfulfilled condition, or may, at WOOD’s option, terminate this Agreement and, thereupon, all
parties shall be released from any obligations or liabilities hereunder. 

  
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 ARTICLE VII 
 SURVIVAL OF REPRESENTATIONS AND WARRANTIES 
 The parties hereto acknowledge that
the representations and warranties of a party contained in this Agreement shall survive the closing of the transaction contemplated by this Agreement. All rights and remedies granted in this Agreement to any party shall be cumulative and not
exclusive of any other rights and remedies that each may have at law or in equity. 
 ARTICLE VIII 

MISCELLANEOUS 

8.1 Further Execution. Each party hereto shall execute any and all documents as are necessary or desirable to consummate the
transactions contemplated by this Agreement. WSU specifically covenants that it shall, from time to time and at WOOD’s expense, make, execute and deliver such instruments, acts, consents and assurances as WOOD may reasonably require to more
effectively convey, transfer and vest title to the Technology in WOOD and to put WOOD in possession of the Technology. 
 8.2
Notices. Any notice, consent, request, approval, or other communication required or permitted to be given or made pursuant to any provision of this Agreement shall be in writing, signed by or on behalf of the party giving or making such
notice, consent, request, approval, or other communication, and delivered personally or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 

 

			
	 If to WSU:
	 	 Technology Transfer Office

Wayne State University
 4032 FAB, 656 West
Kirby
 Detroit, MI 48202
 Attn: WSU
File #00-506

		
	 If to WOOD:
	 	 6609 State Line Road
 Kansas
City, Missouri 64113

 or to such other address as any party may designate by notice to the other parties hereto. Any such notice, consent,
request, approval, or other communication shall be deemed to have been given upon delivery if delivered personally, or two (2) days after it has been deposited in the mails if given by registered or certified mail. 

8.3 Binding Effect. All of the terms and provisions of this Agreement shall be binding upon, inure to the benefit of, and be
enforceable by, the respective heirs, personal representatives, successors, and assigns of the parties hereto. 
 8.4
Waiver. No delay or omission on the part of either party in exercising any right hereunder shall operate as a waiver of such right or any other right under this Agreement. 

  
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 8.5 Litigation Expenses. In the event of a lawsuit by either party to enforce any
provisions of this Agreement, the prevailing party shall be entitled to recover reasonable costs, expenses, and attorney’s fees from the non-prevailing party. 
 8.6 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Michigan. 

8.7 Section Headings. The section headings herein have been inserted for convenience of reference only and shall in no way modify
or restrict any of the terms and provisions hereof. 
 8.8 Gender. In the construction of this Agreement, the masculine
shall include the feminine, and the singular the plural, in all cases where such meanings would be appropriate. 
 8.9
Severability. In the event that any provision in this Agreement or application thereof to anyone or under any circumstances is adjudicated to be invalid or unenforceable, such invalidity or unenforceability shall not affect any other
provision or application of this Agreement which can be given effect without the invalid or unenforceable provision or application. 
 8.10 Counterparts. This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original. It shall not be necessary in making proof of this Agreement or any
counterpart hereof to produce or account for any of the other counterparts. 
 8.11 Entire Agreement. This Agreement
contains the entire understanding between and among the parties hereto and supersedes any prior understanding and agreements between them respecting the subject matter of this Agreement. There are no representations, agreements, arrangements or
understandings, oral or written, between and among the parties hereto relating to the subject matter of this Agreement that are not fully expressed herein. 
 8.12 Amendment. No alteration, modification or change in this Agreement shall be valid unless executed in writing by the parties hereto. 

8.13 Preparation of Documents. The parties hereto acknowledge that the law firm of Shook, Hardy & Bacon L.L.P. has
represented the WOOD in the preparation of this Agreement. This Agreement is, however, the joint work product of the parties hereto and, in the event of any ambiguity herein, no inference shall be drawn against a party by reason of document
preparation. 
 8.14 Agreement to be Confidential. Except with respect to any reports to the Board of Governors, the
governing body of the Wayne State University, and except as required by law or legal process, neither WSU nor WOOD shall originate any publicity, news release, or other public announcement, written or oral, whether to the public, press,
stockholders, or otherwise, relating to this Agreement or any amendment thereto or to performance hereunder without the prior written approval of the other parties. WOOD shall not use the name or logo of Wayne State University or any variant thereof
or any related organization in any advertising, packaging or other promotional material in connection with the sale of a Product or Service relating to the Technology. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first
above written. 
  

									
		 		 	WAYNE STATE UNIVERSITY
					
		 		 		 	by:	 	/s/ George E. Dambach
		 		 		 		 	George E. Dambach
		 		 		 		 	Vice President for Research
			
	FORM APPROVED	 		 	
			
	/S/ SWJ 10/18/00	 		 	
		 		 	GARY W. WOOD
				
	OFFICE OF THE
GENERAL COUNSEL	 		 	by:	 	/s/ Gary W. Wood
		 		 		 		 	GARY W. WOODEX-10.3

 Exhibit 10.3 
 FIRST AMENDMENT TO 
 TECHNOLOGY TRANSFER AGREEMENT 

THIS FIRST AMENDMENT TO TECHNOLOGY TRANSFER AGREEMENT (hereinafter “Amendment”) is made and entered into this
         day of February, 2006, by and between WAYNE STATE UNIVERSITY, an educational institution organized under the laws and statutes of the State of Michigan (“WSU”), and GARY W. WOOD,
PH.D., an individual (“Recipient”). 
 Whereas, on or about October 18, 2000, the parties hereto entered into that
certain Technology Transfer Agreement (hereinafter “Agreement”); and 
 Whereas, the Agreement defined the purchase
price for the Technology (Technology being a defined term within the Agreement); and 
 Whereas, the Agreement defined the scope
of the Technology to which the Agreement applied; and 
 Whereas, the Agreement set the time period for the payment of the
purchase price; and 
 Whereas, the parties hereto desire to amend the Agreement; 

Now, therefore, for good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto agree to amend the
Agreement as follows: 
 ITEM I. Article II of the Agreement shall be deleted and the following shall be inserted in lieu thereof:

 ARTICLE II 
 PURCHASE PRICE, PAYMENT, REPORTS AND RECORDS 
 2.1 Purchase Price. The
purchase price for the Technology to be paid by Recipient, or his successors and assigns, to WSU shall be as follows: 
 (a) WSU shall receive a payment equal to two and one-half percent (2.5%) of Net Sales from all sales of Therapeutic Product(s) made by Recipient, Recipient’s Affiliates, successors, assigns,
licensees or sub-licensees, within twenty (20) years subsequent to the date of the First Commercial Sale. 

(b) The purchase price obligations shall survive the sale, transfer or assignment of the Technology to any third party.
Recipient will include, in any such transaction, provision for the payment of the purchase price to WSU. Said obligations will continue in full force and effect for the time period as identified in Section II.1 (a), and will be binding upon the
successors and assigns of Recipient. 
 Therapeutic Product(s) shall be deemed sold when billed. 

 2.2 Payment. All amounts payable hereunder shall accrue on the date
of sale; all remittances thereof shall be made within forty-five (45) days after the last days of March, June, September and December, with respect to all amounts accrued for the preceding calendar quarter. Payments shall be made in lawful
currency of the United States. Payments shall be made to Wayne State University, Technology Commercialization, 5057 Woodward Ave., Suite 6306, Detroit, MI, 48202, referencing WSU Invention File # 00-506. 

2.3 Records. Recipient, or his successors and assigns, shall keep complete books and records of all the Therapeutic
Product(s) sold by Recipient, or his successors and assigns, and royalties received by Recipient, or his successors and assigns, in sufficient detail to enable the royalties payable hereunder to be accurately determined. Recipient further agrees to
permit (or to cause his successors and assigns to permit) such books and records and such other books and records as may be necessary to such determination to be examined at all reasonable times during business hours, provided WSU shall not, except
as otherwise provided herein, be permitted to examine such books and records more than once in each calendar year. Requests for further review of such books during a calendar year shall be reasonably considered and not unreasonably withheld by
Recipient or his successors and assigns upon proper notice. 
 2.4 Reports. Recipient, or his successors
and assigns, shall provide quarterly to WSU a report detailing all sales of Therapeutic Product(s). Recipient, or his successors and assigns, shall also report all transfers of the Technology ownership and all licensing and sublicensing of the
Technology. The report shall also contain a discussion of intended efforts to commercialize the Technology and sales projections for the time period in which the report is submitted. 

2.5 Definitions. As used in this Agreement, the following terms shall have the meaning set forth below: 

(a) “Affiliate” shall mean any corporation or other entity of which Recipient now or hereafter during the term
of this Agreement owns or controls, directly or indirectly, at least fifty percent (50%) of such entity’s outstanding equity voting stock or other securities. 

(b) “First Commercial Sale” shall mean the first sale of a Therapeutic Product by Recipient, Recipient’s
Affiliates, successors, assigns, licensees or sub-licensees, after regulatory approvals in such country have been granted from the relevant regulatory authority in such country for such Therapeutic Product. 

(c) “Net Sales” shall mean the gross contractual price of the Therapeutic Product(s) less returns, trade-ins,
adjustments, allowances, discounts and similar charges and less sales, excise, value added and all other similar taxes, duty, export or import license fees, cost of packaging and crating, and insurance and freight charges with respect to the sale
and delivery of the Therapeutic Product(s) when actually paid by Recipient, Recipient’s Affiliates, successors, assigns, licensees or sub-licensee. 

  
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 (d) “Technology” also known as “Cellular Immunotherapy”
shall mean the cancer treatment that was invented by Recipient or any Therapeutic Product derived therefrom as provided for in patent #6,406,699, issued June 18, 2002. 

(e) “Therapeutic Product” shall mean any form of the Technology including, but not limited to, label expansions,
line extensions, and improvements thereon, which may be included in any supplement, modification, or addition to the filings for regulatory approval for such Technology. 

2.6 Reimbursement of Patent Costs. Notwithstanding the provisions of Section 2.1 hereof, no payment shall be
required until Recipient has received reimbursement for all costs associated with the patent of the Technology or with Recipient’s attempt to patent the Technology. 

2.7 Patent Policy Payments. Recipient (and, pursuant to Section 4.0 of the WSU Patent and Copyright Policy
hereof, his heirs, personal representatives, successors, and assigns) shall share in any payments received by WSU relating to the sale Therapeutic Product(s) to the extent allowed pursuant to the WSU Patent and Copyright Policy effective on the date
when the Technology was disclosed by Recipient to WSU. 
 ITEM II. All other terms and conditions of the Agreement (a copy of which is
attached) shall remain in full force and effect. 
 In Witness Whereof, the parties hereto have set their signatures, in duplicate
original, the day and year first above written. 
  

									
	WAYNE STATE UNIVERSITY	 		 	
					
	by:	 	/s/ Fred H. Reinhart	 		 		 	 FORM APPROVED
 /s/ SWJ 3/6/06
 OFFICE OF THE

GENERAL COUNSEL

	Printed Name: Fred H. Reinhart	 		 		 
	 Title:  Assistant Vice President for Research Technology
Transfer Office
	 		 		 
	Date: 3-9-06	 		 		 	

  

	
	“WSU”
	
	/s/ Gary W. Wood
	GARY W. WOOD, Ph.D.
	
	Date: 3/17/06
	  
 “Recipient”

  
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