Document:

Promotion & Royalty Agreement

 

EXHIBIT 10.9

VYNLEADS, INC. 

PROMOTION & ROYALTY AGREEMENT

This Promotion & Royalty Agreement (this “Agreement”), dated as of the date set forth on the signature page hereto (the “Effective Date”), by and between Vynleads, Inc., a Delaware corporation (the “Company”), and the undersigned (the “Promoter”).

WHEREAS, the Company desires to develop and market products and services offered from time to time by the Company (“Products”), to potential customers of the Products; and

WHEREAS, the Company desires to engage the Promoter, and the Promoter desires to accept the engagement, to provide certain promotional services on behalf of the Company and to lend his name, reputation, and appearance to endorse and promote the Company and its Products, subject to the terms and conditions set forth below.

NOW, THEREFORE, in consideration of the premises and the mutual agreements made herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties do hereby agree as follows:

1.

Engagement. The Company hereby engages the Promoter to provide the services (the “Services”) as set forth below:

1.1

Promotional Activities. The Company hereby engages the Promoter, and the Promoter promises and agrees to hold himself available, to use, evaluate, and promote certain Products, as may be reasonably requested by the Company from time to time. The Promoter also agrees to the use of his Name and Appearance (as hereinafter defined) to advertise and promote the business of the Company and its Products. During the Term, the Promoter agrees to perform certain promotional services as set forth on Schedule 1 attached hereto.

1.2

Endorsement of Products. During the Term (as hereinafter defined), the Promoter agrees that he will evaluate the Products according to professional guidelines, as reasonably determined by the Promoter. Based on the Promoter’s professional knowledge and assessment of the Products, the Promoter will from time to time during the Term provide his professional evaluation, opinion, and findings about the Products he is endorsing and promoting. The endorsements must be based on the Promoter’s professional knowledge and/or professional experience with the Products at or about the times the endorsements are made. The Promoter’s statements and endorsements, or paraphrases thereof, may be used by the Company to advertise, promote and publicize its business and Products as provided herein. The Company will use the Promoter’s testimonials, endorsements, paraphrases thereof, and the Promoter’s Name and Appearance in association with the Products.

2.

Consideration. In consideration for the Services rendered by the Promoter hereunder, the Company agrees to (a) use commercially reasonable efforts to promote and sell the book authored by the Promoter as described on Schedule 2 attached hereto (the “Book”); and (b) pay to the Promoter the percentage of the sales of the Book set forth on Schedule 2, after

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deduction of all direct costs of fulfilling such sales, received by the Company from sales of the Book via the Company’s Website (the “Royalty”). Payments of the Royalty shall be made on a quarterly basis less: (i) sales, excise or use taxes; and (ii) credits for any defective or returned Books.

3.

Grant of License. The Promoter expressly, exclusively and irrevocably grants to the Company the right to use the Promoter’s name, photograph, picture, appearance, or likeness, including video and other recordings of the Promoter’s appearance, along with the right to use Promoter’s voice, including audio or other recordings of Promoter’s voice, Promoter’s signature, personal or professional background and experience, reputation, quotations and endorsements, or paraphrases of the Promoter’s quotations and endorsements, or any other personal identification or identifying characteristics, however obtained, including touch-ups, simulations or compositions of any of the above whether generated by computer or by any other means, during the Term and for the purposes set forth in this Agreement. Collectively, the Promoter’s personal identifying characteristics, set forth in this paragraph, will be referred to as the Promoter’s “Name and Appearance” and the rights the Promoter grants to the Company to use the Promoter’s Name and Appearance will be referred to as the “Right of Publicity” or the “Rights to Publicize.”

3.1

The Promoter grants to the Company and consents to the Company’s unlimited commercial use of the Promoter’s Name and Appearance, and the Rights to Publicize the Promoter’s Name and Appearance, in the Company’s sole discretion, to advertise, promote, endorse and publicize Products, and the Company’s business, worldwide in any and all media selected at the sole discretion of the Company, including but not limited to print, radio, television, electronic, telephone, wireless, internet and any and all other media of any nature or kind which may exist in the future.

3.2

The Promoter also irrevocably grants to the Company and consents to the Company‘s unlimited editorial use of the Promoter’s Name and Appearance in the Company’s promotional material of any nature or kind. For purposes of this Agreement, the Company’s editorial use of the Promoter’s Name and Appearance shall mean a use that does not directly promote, advertise or endorse the Company’s business or its Products.

3.3

The Company may in its sole discretion exercise some or all of the rights granted by the Promoter in this Agreement, but the Company shall have no obligation to exercise or use the rights the Promoter has granted. If the Company elects to not exercise or use all the rights granted by the Promoter, the Company’ election shall not be interpreted or construed as a waiver or release of such rights. The Company shall have the rights to use the Promoter’s Name and Appearance and the Right to Publicize the Promoter’s Name and Appearance, as provided in this Agreement, unless the Promoter and the Company enter into a separate written agreement in which the Company expressly waives or releases some or all of the rights the Promoter has granted in this Agreement.

3.4

The Promoter expressly represents and warrants that he is not subject to any restriction or limitation by way of employment or contractual obligation that may impair or

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limit the right of publicity granted herein by the Promoter, and that the Promoter has the express approval of his employer to make the promises and commitments set forth herein.

4.

Independent Contractor. It is expressly agreed that the Promoter is acting as an independent contractor in performing his Services hereunder and nothing in this Agreement, or in the course of dealing between the Promoter and the Company shall be deemed to create between the Promoter or its employees, partners, members, officers and directors, on the one hand, and the Company, on the other hand, a partnership, joint venture, association, franchise, employment relationship or any other relationship, other than that of independent contractors with respect to each other. The Company shall carry no worker's compensation insurance or any health, accident or disability insurance to cover the Promoter. The Company shall not pay any contributions to Social Security, unemployment insurance, federal or state withholding taxes, nor provide any other contributions or benefits that might be expected in an employer-employee relationship. The Promoter shall be solely responsible and liable for reporting and paying all federal and state income or other taxes applicable to the the Promoter’s compensation under this Agreement, and the Company will provide the Promoter with an IRS Form 1099 at the end of each calendar year in which compensation is paid to the Promoter. It is further understood and expressly agreed by the Promoter that he has no right or authority to incur expenses, obligations or liabilities in the name of or binding on the Company, and he shall not represent to third parties that he has any relationship (e.g., employer-employee or principal-agent) with the Company other than the independent contractor arrangement set forth in this Agreement.

5.

Term and Termination.

5.1

Term. This Agreement shall be effective as of the Effective Date and shall continue until the fifth anniversary thereof (the “Initial Term”), unless sooner terminated pursuant to the terms of this Agreement. At the end of the Initial Term and on each fifth anniversary thereafter, this Agreement shall automatically renew for five (5) years (each, a “Renewal Term” and together with the Initial Term, a “Term”) unless either party gives written notice of nonrenewal to the other party at least ninety (90) days prior to the end of such Term as then in effect.

5.2 Termination for Cause. In addition to any other remedies available to the Company at law, in equity or as set forth in this Agreement, the Company may terminate this Agreement upon the occurrence of an event constituting Cause (as hereinafter defined), effective immediately. For the purposes hereof, “Cause” means: (i) any act or omission that constitutes a breach by the Promoter of any of his obligations under this Agreement; (ii) the failure or refusal of the Promoter (A) to perform the duties required of him under this Agreement and/or (B) to comply with any lawful directive of the Company; (iii) any material violation by the Promoter of any (A) policy, rule or regulation of the Company and/or (B) any law or regulation applicable to the business of the Company or any of its affiliates; (iv) any act of fraud, misappropriation, embezzlement, or similar act of dishonesty or an attempt by or on behalf of the Promoter to commit one of the foregoing acts; (v) any act or omission by the Promoter, which in the Company’s judgment is, or is likely to be, injurious to the interest, property, operations, business, image, goodwill or reputation of the Company; (vi) the Promoter’s arrest or indictment for any crime (whether or not involving the Company); (vii) any other misconduct by the Promoter that,

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in the Company’s judgment, is materially injurious to the financial condition or business reputation of, or is otherwise materially injurious to, the Company or any of its affiliates; provided, further, that nothing shall prevent the Promoter’s termination under any other subsection of this Section 5.2 if it provides independent grounds for termination.

6.

Standard of Services.

6.1

Standard of Care. The Promoter shall perform the Services in a diligent and professional manner in accordance with the Company’s reasonable instructions. The Promoter agrees to use its best efforts and devote such time, attention and skill as may be necessary to perform the Services in a timely and competent manner. The Promoter shall allocate such time and resources to matters pertaining to the Services as are reasonably necessary to render the Services.

6.2

Compliance with Laws. The Promoter will perform the Services competently and in compliance with all professional standards applicable to the Promoter and will all of the Company’s policies and applicable laws, rules and regulations. The Promoter will promote Products only in accordance with professional guidelines and policies established by the Company and will refrain from making any and all false, deceptive, misleading or unlawful claims. The Company shall have no duty to review or verify the accuracy of any statements or claims made by the Promoter. Promoter shall advise the Company promptly of any facts or circumstances, which to his knowledge and in his professional judgment, may result or cause any previously made statements or claims to be false, deceptive, misleading or unlawful.

6.3

FTC Guidelines. The Promoter’s endorsements and advertising of the Products will be in accordance with the guidelines established by the Federal Trade Commission (the “FTC”) for endorsements in advertising. If requested by the Company, the Promoter shall provide a signed affidavit in form satisfactory to the Company confirming the Promoter’s compliance with the FTC standards in connection with his endorsements and endorsement activities.

7.

Exclusivity.

7.1

The Promoter represents and warrants that during the Term and in the Territory, the Promoter will not endorse or make any appearances or advertisements on behalf of any other company or business pertaining to the Products and/or Services.

7.2

The Promoter agrees that the Company shall have the exclusive right in perpetuity, subject to compliance with the Royalty payment obligation of the Company, to sell and/or distribute in the Territory, on the Company’s Website or any other medium now known or hereinafter discovered, the Book and any and all commercial publications of the Promoter developed in any manner during the Term of this Agreement regardless of whether this Agreement expires or terminates for any reason whatsoever.

7.3

The Company shall have the exclusive right in perpetuity to use the Promoter’s testimonials, endorsements, paraphrases thereof, and the Promoter’s Name and

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Appearance in association with the Products and the grant of any and all rights under Section 3 of this Agreement shall continue in effect with respect to the Company’s use thereof, subject to compliance with the Company’s Royalty payment obligations set forth in Section 2 of this Agreement.

7.4

The territory of this Agreement shall be the entire world (“Territory”).

8.

Confidentiality.

8.1

The Promoter recognizes that it is in the Company’s legitimate business interest to restrict the Promoter’s disclosure or use of Confidential Information (defined below) relating to the Company, its affiliates or their respective customers or business partners for any purpose other than in connection with the Promoter’s performance of the Services for the Company, and to limit any potential appropriation of such Confidential Information by the Promoter. During and after the term of this Agreement, the Promoter shall not use or disclose, or authorize any other person or entity to use or disclose, any Confidential Information, other than as necessary to accomplish the purpose of this Agreement to further the business objectives of the Company. The Promoter’s obligations under this Section shall survive termination of this Agreement or any provision hereof.

8.2

For purposes of this Agreement, “Confidential Information” includes, but is not limited to, all information not generally known to the public, in spoken, printed, electronic or any other form or medium, relating directly or indirectly to: business processes, practices, methods, policies, plans, publications, documents, research, operations, services, strategies, techniques, agreements, contracts, terms of agreements, transactions, potential transactions, negotiations, pending negotiations, know-how, trade secrets, computer programs, computer software, applications, operating systems, software design, web design, work-in- process, databases, manuals, records, articles, systems, material, sources of material, supplier information, vendor information, financial information, results, accounting information, accounting records, legal information, marketing information, advertising information, pricing information, credit information, design information, payroll information, staffing information, personnel information, employee lists, supplier lists, vendor lists, developments, reports, internal controls, security procedures, graphics, drawings, sketches, market studies, sales information, revenue, costs, formulae, notes, communications, algorithms, product plans, designs, styles, models, ideas, audiovisual programs, inventions, unpublished patent applications, original works of authorship, discoveries, experimental processes, experimental results, specifications, customer information, customer lists of the Company or its businesses, or of any other person or entity that has entrusted information to the Company in confidence. The Promoter understands that the above list is not exhaustive, and that Confidential Information also includes other information that is marked or otherwise identified as confidential or proprietary, or that would otherwise appear to a reasonable person to be confidential or proprietary in the context and circumstances in which the information is known or used.

8.3

Third-Party Information. The Promoter understands that the Company and/or the Promoter may receive and/or in the future may receive from third parties, confidential or proprietary information (the “Third-Party Information”) in connection with the Promoter’s

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Services for the Company. The Promoter shall hold Third-Party Information in strict confidence and shall not disclose to anyone or use, except in connection with the Promoter’s Services for the Company, Third-Party Information, unless expressly authorized by the Company in writing. The Promoter further understands and agrees that as a condition of this Agreement, the Promoter may be required to execute additional confidentiality or other restrictive covenants to protect Third- Party Information.

8.4

The Promoter understands that this Agreement does not, and shall not be construed to, grant the Promoter any license or right of any nature with respect to any Discoveries and Works or any Confidential Information, materials, software or other tools made available to the Promoter by the Company.

9.

Discoveries and Works.

9.1

All Confidential Information, copyrights, patents, trade or service marks, mask works, trade names and registrations and applications for the foregoing, including any prepared or conceived by or on behalf of the Promoter, alone or together with others, during the Term that relate to the Company’s present or, to Promoter’s knowledge, anticipated activities, including any innovations relating to, or improvements on, any of the foregoing (the “Discoveries and Works”), shall be owned by, and shall be the sole property of, the Company.

9.2

The Promoter (i) hereby assigns all rights, title and interest that the Promoter may have or acquire in any and all Discoveries and Works to the Company and hereby waives any and all claims, including, but not limited to, claims of ownership and royalty, with respect to the Discoveries and Works, including to the extent that such rights to the Discoveries and Works, including copyrights, do not vest in the Company as a work-for-hire, in which case the Promoter hereby grants, assigns and transfers to the Company all of the Promoter’s right, title and interest in and to the Discoveries and Works, and (ii) agrees to assist the Company in obtaining or maintaining for itself, at its own expense, patents, copyrights, trademarks, service marks or any other protection of the Discoveries and Works in such jurisdictions as the Company, in its sole discretion, may request, and to execute any and all documents, instruments or certificates, and do any and all other things, necessary to more fully vest ownership in the Discoveries and Works with the Company. The Promoter acknowledges that all Discoveries and Works shall be deemed “works made for hire” under the United States Copyright Act of 1976, as amended 17 U.S.C. Sect. 101. Should the Promoter refuse or fail to perform such acts or execute such documents, instruments or certificates, the Company may do so as the Promoter’s attorney- in-fact for such purpose. In addition to and not in any way limiting the foregoing, any assignment of copyrights under this Agreement includes all rights of paternity, integrity, disclosure and withdrawal and any other rights that may be known as “moral rights” (collectively, “Moral Rights”). The Promoter hereby irrevocably waives, to the extent permitted by applicable law, any and all claims the Promoter may now or hereafter have in any jurisdiction to any Moral Rights with respect to the Discoveries and Works.

10.

Company Property. The Promoter covenants and agrees that (i) all tangible things, including memoranda, notes, notebooks, lists, records, electronic data, software, source code, business plans, contracts, agreements, financial and management reports, budgets and other

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documents (and all copies thereof), made or compiled by the Promoter or made available by the Company to the Promoter concerning the business of the Company shall be the property of the Company, and (ii) if such tangible things are in the possession or control of the Promoter, the Promoter shall deliver them to the Company promptly following the termination or expiration of this Agreement or at any other time upon request of the Company.

11.

Equitable Relief. The Promoter agrees that any breach of the provisions of Sections 7, 8 or 9 hereof would cause substantial and irreparable harm, not readily ascertainable or compensable in terms of money, to the Company for which remedies at law would be inadequate and that, in addition to any other remedy to which the Company may be entitled at law or in equity, the Company shall be entitled to temporary, preliminary and other injunctive relief in the event the Promoter violates or threatens to violate the provisions of Sections 5 or 6 hereof, as well as damages and an equitable accounting of all earnings, profits and benefits arising from such violation, in each case without the need to post any security or bond. In the event of a breach of any of the provisions of Sections 5 and 6 hereof by the Promoter, the Promoter shall have no further right on any outstanding Fees. Nothing herein contained shall be construed as prohibiting the Company from pursuing, in addition, any other remedies available to the Company for any breach or threatened breach of this Agreement.

12.

Indemnification.

12.1

The Company, except in cases of willful misconduct or gross negligence of the Promoter, agrees to defend, indemnify and hold harmless the Promoter and its affiliates and their officers, directors, employees, agents, successors and permitted assigns from and against all losses, damages, liabilities, deficiencies, actions, judgments, interest, awards, penalties, fines, costs or expenses of whatever kind (including reasonable attorneys’ fees) arising out of or resulting from the Company’s website or sale of the Products, unless arising, directly or indirectly from or on the basis of, alleged false, deceptive, misleading statements or unfair or deceptive acts of the Promoter, whether through advertisement, endorsements or otherwise, affecting any person.

12.2

The Promoter, except in cases of willful misconduct or gross negligence of the Company, agrees to defend, indemnify and hold harmless the Company and its affiliates and their officers, directors, employees, agents, successors and permitted assigns from and against all losses, damages, liabilities, deficiencies, actions, judgments, interest, awards, penalties, fines, costs or expenses of whatever kind (including reasonable attorneys’ fees) arising out of or resulting from: (i) any false, deceptive, misleading statements or unfair or deceptive acts of the Promoter, (ii) the taxation treatment of any payments made under this Agreement, (iii) the Promoter’s breach of any obligations under this Agreement.

13.

Miscellaneous.

13.1

Amendments. No modification or amendment of any provision of this Agreement shall be effective unless such modification or amendment is approved in writing by each party hereto.

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13.2

Severability. If any term or provision of this Agreement is held to be invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. The Promoter is a sophisticated and experienced professional and have had ample opportunity to review and assess all terms and conditions herein with the assistance of professionally qualified counsel, and has determined to execute and deliver this Agreement with or without such counsel at his own discretion. In the event of any ambiguity in this Agreement, no provision herein shall be construed against the Company or any other party as the draftsperson.

13.3

Survival. In addition to any other provisions of this Agreement which by their terms continue after the expiration of this Agreement, the provisions of Sections 2, 3, 7, 8, 9, 10, 11, 12 and 13 shall survive the expiration or termination of this Agreement and shall continue in effect indefinitely from the date of expiration or termination. In addition, any other provisions required to interpret and enforce the Parties’ rights and obligations under this Agreement shall also survive, but only to the extent required for the full observation and performance of this Agreement. Any expiration or early termination of this Agreement shall be without prejudice to the rights of any Party against the other accrued or accruing under this Agreement prior to termination. Except as expressly set forth herein, the rights to terminate as set forth herein shall be in addition to all other rights and remedies available under this Agreement, at law, or in equity, or otherwise.

13.4

Entire Agreement. This Agreement and all related Schedules and Exhibits attached hereto, and documents referenced hereby and thereby, constitute the sole and entire agreement among the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous understandings, agreements, both written and oral, with respect to the subject matter hereof.

13.5

Successors and Assigns. This Agreement is binding upon and shall inure to the benefit of the parties hereto and their respective, successors and permitted assigns. Since the Promoter’s Services are personal and unique in nature, the Promoter may not transfer, sell or otherwise assign its rights, obligations or benefits under this Agreement or engage any sub- contractors without the Company’s prior written consent.

13.6

Governing Law. This Agreement shall be governed, construed and enforced in accordance with the laws of the State of Delaware without regard to the principles thereof regarding conflict of laws that would defer to or result in the application of the substantive laws of another jurisdiction.

13.7

Dispute Resolution. Any legal action or other legal proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement shall be resolved by arbitration before a panel of three (3) arbitrators, administered by JAMS under its arbitration rules then in effect and held in New York, New York, and judgment on the award rendered by the arbitrators may be entered in any court having jurisdiction thereof.

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13.8

Notices. Any notice or other communication hereunder shall be addressed to the party at the address as set forth on the signature page hereto and shall be in writing and shall be deemed to have been effectively made or given if personally delivered, mailed properly addressed in a sealed envelope, postage prepaid by certified or registered mail, delivered by a reputable overnight delivery service or sent by electronic mail or other electronic communication.

13.9

Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. This executed Agreement may be delivered by fax, scan or other electronic means, each of which shall be an original for all purposes.

[Signature page follows]

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IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of April 11, 2016.

VYNLEADS, INC.

By: 

/s/ Alex Mannine

Name:  Alex Mannine

Title:    CEO

Address for Notices:

Vynleads, Inc.

PROMOTER:

By:

/s/ Gene Koprowski

Name:  Gene Koprowski

Title:    President of Genome Communications

Address for Notices: PO Box #10028

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Schedule 1

This page was intentionally left blank.

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Schedule 2

DONE With Diabetes: 100% Natural System to Rid Yourself of Diabetes and Get Life Back to Normal

Dr. Koprowski’s Antidiabetes Method: Drugs & Health Foods to Throw Away And Never

Buy Again

The Prescription-Free Secret to a Healthy Heart and Lower Blood Pressure

Ancient Acupressure Secrets: Simple at Home Techniques That Help You Lose Weight 

and Keep it Gone

The Ultimate Guide to Beat Insomnia and Sleep Your Way to Greater Health

Royalty

02.00%

NOTE ADDED August, 23 2016:

Royalty amount paid after deduction of 15% of sales for that time period, acting as a reserve for refunds based on current averages. If refunds exceed 15%, no action will be taken, yet if refunds for the order period after 60 days is below 15%,  the Company will pay the difference on the next scheduled royalty payment.

Page 12 of 12Trademark License Agreement

 

EXHIBIT 10.11

TRADEMARK LICENSE AGREEMENT – GLUCEVIA®

THIS AGREEMENT is made as of April 13th, 2017, 2017 (hereinafter the “Effective Date”) by and between Naturex Inc, a company organized and existing under the laws of Delaware, having a place of business at 375 Huyler Street, South Hackensack, New Jersey 07606, USA (hereinafter “Licensor”) and Constitutional Health, a company existing under the laws of the United States, having a place of business at 534 Riviera Pl. Rock Hill, SC 29730, USA (hereinafter “Licensee”).

WHEREAS, Licensor is the owner of the “GLUCEVIA®” trademark (the “Trademark”) registered in the countries listed in Exhibit D;

WHEREAS, Licensee desires to purchase “GLUCEVIA®” brand fraxinus excelsior seed extract (the “Extract”) from Licensor and Licensor agrees to sell the Extract to Licensee subject to Licensee’s agreement to use the Trademark in connection with the marketing and sale of its products containing the Extract (the “Products”) on the terms and conditions contained herein.

NOW THEREFORE, in consideration of the promises and of the obligations hereinafter set forth, the parties, intending to be legally bound, hereby agree as follows:

			
	 
	1.

	License.

For so long as Licensee directly acquires its supplies of Extract from Licensor, which shall not be less than 100 kg per twelve (12) month period (the “Annual Minimum”), Licensee agrees that the Products shall bear the Trademark, subject to the terms and conditions hereof. In connection therewith, Licensor hereby grants to Licensee, and Licensee hereby accepts, a limited, non-exclusive, non-transferable, non-sublicensable, royalty-free license to use the Trademark in the countries listed in Exhibit D solely in connection with the marketing and sale of the Products manufactured, processed, packaged, distributed or sold by Licensee, in order to indicate that the Products contain the Extract. This license shall remain in effect for all periods during which Licensee manufactures, processes, packages, distributes or sells the Products in accordance with this Agreement. Notwithstanding the fact that the foregoing license is non- sublicensable, but subject to Licensor’s express prior written approval and Licensee’s compliance with the covenant of Licensee set forth in Section 6(iv) below, Licensee may have Products manufactured and packaged by third parties identified to, and approved in advance by, Licensor.

			
	 
	2.

	Termination.

(a) 

The license granted to Licensee hereunder may be terminated by Licensor at any time, for no reason, upon thirty (30) days' prior written notice to Licensee.

1

 

(b) 

In the event Licensee has not purchased the Annual Minimum from Licensor for any twelve (12) month period, Licensor will be entitled to terminate the license granted to Licensee hereunder upon fifteen (15) days' prior written notice to Licensee.

(c) 

Each party may terminate this Agreement immediately upon written notice to the other party if the other party commits a breach of any term of this Agreement which is incapable of remedy, or, in the case of a breach capable of being remedied, has failed within fifteen (15) days after receipt of notice from the other party, to remedy such breach to the reasonable satisfaction of the other party; provided, however, that Licensor shall have the right to terminate this Agreement immediately upon written notice to Licensee if Licensee, as determined by Licensor in its sole, absolute and unfettered discretion, willfully commits a breach of this Agreement, including, in particular but without limitation, Section 3(c) of this Agreement.

(d) 

Licensor shall have no obligation to compensate or indemnify Licensee, except as otherwise expressly provided herein, in the event Licensor terminates this Agreement.

(e) 

Upon termination of this Agreement for any reason, the license granted to Licensee hereunder shall immediately terminate and Licensee shall have no further right to use the Trademark for any purpose, including, without limitation, using the Trademark in connection with the marketing, packaging or sale of Products.

(f) 

Within fifteen (15) days after such termination, Licensee will return or, at Licensor’s election, destroy all copies of all packaging and other printed materials bearing the Trademarks,

(g) 

Sections 2(f), 5, 7, 8, 9, 10, 11 and 12 of this Agreement shall survive the termination of this Agreement.

			
	 
	3.

	Quality Control.

(a) 

Licensee shall only use Licensor’s Trademark on Product packaging and labels solely in such manner as has been approved in writing by Licensor pursuant to this Agreement and shall not use the Trademark in any manner which has not been approved in writing in advance by Licensor or with respect to any services or products other than the Products. Licensee shall not use any mark confusingly similar to the Trademark, and shall only use the Trademark in connection with products containing the Extract obtained from Licensor by Licensee and marketed, distributed or sold by Licensee.

(b) 

Licensee shall submit to Licensor samples of the proposed labeling of any new product containing the Extract for Licensor’s review and approval of the use of the Trademark at least thirty (30) days before use begins. After review of such labeling, Licensor shall notify Licensee of its comments, change and/or approval of the proposed label, and Licensee shall promptly comply with Licensor’s request prior to marketing, distributing or selling the Products with the Trademark. The failure of Licensor to respond to such submission of samples by Licensee shall be deemed disapproval of the samples. Licensee agrees to submit to Licensor samples of any uses of the Trademark from time to time as Licensor may reasonably request for such additional review as Licensor may deem desirable.

2

 

(c) 

Licensee shall provide, upon request by Licensor, finished packaged products containing the Extract for testing by Licensor to assess Product integrity. The Products shall not contain any extracts of fraxinus excelsior seed except if such others extracts of fraxinus excelsior seed are supplied by the Licensor. Licensor shall provide Licensee with the results of any such tests. If, in Licensor’s sole discretion, the Product or the packaging does not conform with Licensor’s quality standards provided to Licensee from time to time, Licensor may require changes to the Product or the packaging. If Licensee fails to do so, Licensor may by written notice to Licensee immediately terminate this Agreement.

(d) 

Licensor may request documents and Product samples from Licensee in order to check that the Products contain the required daily quantity of Extract as provided in Exhibit B (the “Daily Quantity”). In the event Licensee does not provide such documents or samples, or such documents or samples are inaccurate or incomplete, at Licensor’s sole, absolute and unfettered discretion, Licensor may order, and Licensee shall in good faith cooperate with, an audit of Licensee’s production operations, Products and documentation to commence not earlier that three (3) business days after Licensor’s written notice to Licensee. In case the audit concludes that the Products do not contain the Daily Quantity or are otherwise inconsistent with Licensor’s quality control guidelines herein, Licensee shall have the opportunity to demonstrate to Licensor that such breach was inadvertent. Nevertheless Licensee shall pay to Licensor an amount equal to the purchase price of the quantity of Extract missing from the Products. If two or more batches of the applicable Products do not contain the Daily Quantity or are otherwise inconsistent with Licensor’s quality control guidelines herein, the audit fees will be charged to Licensee and Licensee shall promptly reimburse such charges to Licensor. Licensee shall also pay to Licensor an amount equal to the purchase price of the quantity of Extract missing from the Products, and Licensor will be allowed to terminate the present Agreement effective immediately upon written notice to Licensee. If Licensee fails to fully and timely cooperate with the foregoing audit provisions, Licensor may terminate this Agreement effective immediately upon written notice to Licensee.

			
	 
	4.

	License to Licensor.

For so long as this Agreement is in effect, Licensee hereby grants to Licensor, and Licensor hereby accepts, a limited, irrevocable, non-exclusive, royalty-free license to use and display the trademarks and images of the Products of Licensee on Licensor's websites, social media channels and in Licensor's marketing and promotional materials, solely for the purpose of Licensor promoting its own trademarks, products and services.

			
	 
	5.

	Indemnification.

Licensor shall indemnify and defend Licensee against any and all claims, costs, damages and expenses, including reasonable attorneys’ fees and expenses, arising out of any claim by a third party against Licensee for infringement based on Licensee's use of the Trademark, so long as (a) such use is in compliance with Licensor’s trademark guidelines (Exhibit B) and the terms of this Agreement, and (b) Licensee is not otherwise in breach of this Agreement. The forgoing indemnity shall be subject to Licensee's giving Licensor (i) prompt notice of any claim giving rise to such indemnity; (ii) sole control over the defense of such claim; and (iii) Licensee cooperating with Licensor in the defense of such claim if requested by Licensor (at Licensor’s

3

 

cost). If a claim of infringement by a third party occurs, Licensor may demand by notice (the “Termination Notice”) at any time that Licensee terminate the use of the Trademark, and Licensee shall terminate the use of the Trademark immediately upon receipt of the Termination Notice. Licensee shall defend, indemnify and hold Licensor and/or any of its affiliates, subsidiaries, agents and assignees harmless from and against any and all claims, demands, causes of action, liability, loss, damage, judgments or expenses (including without limitation reasonable attorneys’ fees, expenses and court costs) (collectively, “Claims”) arising out of or related to (x) Licensee’s design, manufacture, distribution, shipment, labeling, sale, advertisement, or promotion of the Products or the labeling, packaging, advertising and promotional materials for the Products (other than Claims solely related to the Trademark), including, without limitation, any Claim for personal injury, wrongful death or any similar matter; (y) Licensee’s breach of any of its representations, warranties, covenants or other obligations hereunder; and (z) Licensee’s gross negligence or willful misconduct. Licensor shall have the right to defend any such claim or suit through counsel of its own choice at Licensee's expense.

			
	 
	6.

	Covenants of Licensee.

Licensee covenants and agrees that: (i) it shall at all times conduct its business related to its manufacture, labeling, packaging, marketing, use, offer for sale and sale of the Product and the Trademark in strict compliance with all applicable health, safety and other laws, ordinances, orders, rules and regulations (state, federal, municipal or promulgated by other agencies or bodies having or claiming jurisdiction), and all applicable industry standards, and will observe the highest standards of quality and fair dealing with its customers; (ii) all Products manufactured, processed, distributed and sold hereunder will be merchantable and fit for the purpose for which they are intended; (iii) all Products will conform in all respects to the samples approved by Licensor and that Licensee will not distribute or sell any Products which are of a quality or standard inferior to or different from the approved quality or are injurious to the reputation and goodwill associated with the Trademark; and (iv) Licensee shall not use third parties to manufacture or package Products unless such third parties have signed the acknowledgement attached hereto as Exhibit C or have otherwise agreed, in a writing disclosed in advance to, and otherwise acceptable in all respects to, Licensor, to be bound by the quality control, audit of this Agreement.

			
	 
	7.

	Trademark.

(a) 

Licensee agrees not to contest or otherwise challenge or attack Licensor’s rights in and to the Trademark or the validity of the Trademark or the license granted herein during the term hereof and thereafter. Licensee further agrees not to do anything either by act of omission or commission which might impair, jeopardize, violate, or infringe the Trademark, or to misuse or bring into dispute the Trademark or otherwise diminish Licensor’s goodwill with respect to the Trademark, as determined by Licensor in its sole, absolute and unfettered discretion. Licensee shall not use the Trademark as part of its company name, corporate name, brand name, Product name or trade name. Licensee shall not register or attempt to register the Trademark or similar marks during the term of this Agreement or thereafter, or aid or abet anyone else in doing so.

4

 

(b) 

Licensee shall prominently display the appropriate notice(s) in conjunction with any and all use of the Trademark, as indicated on Exhibit A. Licensee shall not use any other trademark or design in combination with the Trademark without Licensor’s prior written approval. Licensee agrees that it will not use the Trademark in a misleading or confusing manner, nor in a manner that misrepresents any relationship between the parties hereto. Licensee hereby acknowledges Licensor’s right, title and interest in and to the Trademark and agrees not to claim any title to the Trademark or any right to use the Trademark except as permitted by this Agreement. Any goodwill associated with the use of the Trademark by Licensee will inure solely to the benefit of Licensor. Licensor reserves the right to object to unfair use or misuse of its Trademark or other violations of applicable law. Nothing contained herein shall prevent Licensor or any of its licensees or distributors from manufacturing, distributing, or selling any products or services of any kind with the Trademark in any territory in the world.

			
	 
	8.

	Limitation of Liability.

IN NO EVENT SHALL LICENSOR BE LIABLE TO LICENSEE, REGARDLESS OF THE FORM OF ACTION OR THEORY OF RECOVERY, FOR ANY INDIRECT, SPECIAL, EXEMPLARY, CONSEQUENTIAL, INCIDENTAL OR PUNITIVE DAMAGES, OR FOR LOST PROFITS OR BUSINESS INTERRUPTION LOSSES ARISING FROM OR IN CONNECTION WITH THIS AGREEMENT OR ANY ALLEGED OR ACTUAL BREACH THEREOF, EVEN IF LICENSEE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

			
	 
	9.

	Independent Contractors.

The relationship of Licensor and Licensee established by this Agreement is that of independent contractors, and neither party shall be considered or deemed to be an agent, employee, joint venturer or partner of the other party as a result of this Agreement. Neither party shall have the right, power or authority to assume, create or incur any expense, liability or other obligation, express or implied, on behalf of the other and shall not represent itself as an agent of the other party or as otherwise authorized to act for or on behalf of the other party. Neither party shall be responsible for payment of worker’s compensation, disability benefits, unemployment insurance, and for withholding of income taxes, social security or business license taxes for the other party’s employees.

			
	 
	10.

	No Assignment.

Licensee may not sublicense, assign or otherwise transfer any rights granted to it hereunder except with the prior written consent of Licensor which may be granted, conditioned or denied at Licensor’s sole discretion.

			
	 
	11.

	Miscellaneous.

In the event that any provision of this license would be held illegal, invalid or unenforceable by a courts or any jurisdiction, Licensor will be allowed to immediately terminate this license without any legal formality and Licensee shall terminate the use of the Trademark immediately upon receipt of the notice of the decision of Licensor. This Agreement shall be interpreted under the laws of France. The parties agree to submit any

5

 

dispute arising out of this Agreement to, and consent to the jurisdiction of, the courts of Paris, France. This Agreement  supersedes all prior understandings, oral or written, with respect to the subject matter hereof and shall be binding upon and inure to the benefit of the parties hereto and their permitted successors and assigns. No amendment or change in this Agreement may be made except in a writing signed by the parties hereof. Any waiver under this Agreement shall be in writing, and no waiver or absence of granting a waiver shall be deemed a waiver or a continuing waiver.

			
	 
	12.

	Notices.

All notices, approvals and requests hereunder shall be in writing and deemed given if sent by certified mail, return receipt requested, or by Federal Express, DHL or other recognized courier service, or by e-mail or fax, with acknowledged receipt thereof, within three days of being sent or sooner when it is actually delivered beforehand to the addresses set forth at the foot of this Agreement.

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IN WITNESS WHEREOF, the parties hereto have entered into this Agreement as of the later of the Effective Date.

				
	Licensee: Constitutional Health 

	Licensor: Naturex Inc.

	 
	 

	Dated: 2017.13.04

	Dated: 2017.13.04

	 
	 

	By: Alex Mannine

	By: David YVERGNIAUX

	 
	 

	Title: CEO

	Title: Sales Director USA – Nutrition & Health

	 
	 

	Address: 534 Riviera Pl. Rock Hill, SC 29730, USA

	Address: 375 Huyler Street, South Hackensack, New Jersey 07606, USA

	 
	 

	Signature:  

	/s/ Alex Mannine

	Signature:  

	 

7

 

EXHIBIT A - TRADEMARK LICENSE AGREEMENT

LICENSED TRADEMARK NOTICE

“GLUCEVIA®” is a trademark of Naturex.

Such other trademark, copyright or other notices as Licensor may request from time to time.

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EXHIBIT B – GLUCEVIA® co-branding usage guidelines

General rules:

1. Do not pluralize a trademark or make it possessive (which would be using it as a noun). Do not join a trademark to other words, symbols, or numbers, either as one word or with a hyphen. And do not abbreviate a trademark.

2. Always use the proper spelling and the proper trademark symbol. For the trademark symbol, the superscript or subscript mode is preferred, but if it is not available, use parentheses: (R) from the registration date of the trademark.

3. Always use trademarks and brand names in the ways they were intended to be used. Do not use them for goods or services for which they were not originally intended. Do not alter them in any way.  Do not make puns out of them or portray them in a negative light.

Specific rules for GLUCEVIA®:

GLUCEVIA® is registered in classes 1, 3, 5 and 32.

Each class as well as the list of goods or services appearing in each class can be modified. The Licensee shall use the Trademark in compliance with the textual description of the figurative elements contained in the classes for which the Trademark is filed.

Licensee shall prominently display the appropriate notice “GLUCEVIA® is a trademark of Naturex S.A.” in conjunction with any and all use of the Trademark.

The formulation of customer’s finished Product must provide at least  an amount of GLUCEVIA® of 1000 mg daily.

9

 

EXHIBIT C – MANUFACTURER’S AC KNO WLEDGEMENT

In order to induce Naturex S.A. to consent to the manufacture of authorized products using the GLUCEVIA® trademark by the undersigned, the undersigned manufacturer (“Manufacturer”) acknowledges that it has read the agreement between Naturex Inc. and Constitutional Health and agrees to be bound by the terms thereof that relate to the services to be rendered by Manufacturer, and the restrictions imposed upon Manufacturer in accordance with the provisions of the agreement, including but not limited to the quality control and audit provisions thereof.

Dated: ___________________, 2017.

By: ________________________________________

NAME OF MANUFACTURER: 

ADDRESS OF MANUFACTURER:

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EXHIBIT D

Licensor owns rights on the GLUCEVIA® Trademark registered in:

			
	 
	-

	Australia under registration n°1643673 in class 1, 3, 5 & 32;

	 
	-

	Brazil under registration n°840751257 in class 1 and n°840751265 in class 5;

	 
	-

	Canada under registration n°TMA 937049 in classes 1, 3, 5 & 32;

	 
	-

	South Africa under registration n°2014/09630 in class 1, n°2014/09632 in class 3, n°2014/09633 in class 5 and n°2014/09634 in class 32;

	 
	-

	The United States of America under registration n°4616308 in classes 1, 3, 5 & 32.

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