001-38355
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46-5027260
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(Commission File Number)
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(IRS Employer Identification No.)
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Advanced Technology Innovation Centre,
Loughborough University Science and Enterprise Parks,
5 Oakwood Drive,
Loughborough, Leicestershire LE11 3QF
United Kingdom
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N/A
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
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00 44 1509 222912
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________________________________________________________________________
(Former name or former address, if changed since last report)
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Exhibit No.
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Description
|
10.1 †
|
Nemaura Medical, Inc. | |||
|
By:
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/s/ Dewan F. H. Chowdhury | |
Name: Dewan F. H. Chowdhury | |||
Title: Chief Executive Officer | |||
(1)
|
DALLAS BURSTON ETHITRONIX (EUROPE) LIMITED
|
(2)
|
NEMAURA MEDICAL INC
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JOINT COLLABORATION AGREEMENT
|
1 |
DEFINITIONS
|
2 |
INTERPRETATION
|
3 |
JOINT EXCLUSIVE APPOINTMENT
|
4 |
PROTECTION OF THE PATENTS
|
5 |
SUB-DISTRIBUTORS
|
6 |
MY SUGAR WATCH SERVICES
|
7 |
NEMAURA’S UNDERTAKINGS
|
8 |
CONSIDERATION
|
9 |
PRICES & PAYMENTS
|
10 |
LIMITATION OF LIABILITY
|
11 |
FREEDOM TO CONTRACT
|
12 |
PRODUCT LIABILITY AND INSURANCE
|
13 |
CONFIDENTIALITY
|
14 |
FORCE MAJEURE
|
15 |
DURATION
|
16 |
TERMINATION AND RIGHTS UPON TERMINATION
|
17 |
NOTICES
|
18 |
ASSIGNMENT AND OTHER DEALINGS
|
19 |
MODIFICATION AND WAIVER
|
20 |
SEVERABILITY
|
21 |
ENTIRE AGREEMENT
|
22 |
APPLICABLE LAW & VENUE
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23 |
ANTI-BRIBERY COMPLIANCE
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24 |
ADDITIONAL GENERAL TERMS
|
(1) |
NEMAURA MEDICAL INC
incorporated and registered in the state of Nevada CIK number 0001602078 and whose registered office is located at The Advanced Technology Centre, Oakwood Drive, Loughborough, United Kingdom, LE11 3QF (“
Nemaura
”); and
|
(2) |
DALLAS BURSTON ETHITRONIX (EUROPE) LIMITED
(“
DBEE
”) a company incorporated and registered in Jersey with registration number 122539 and whose registered office is located at 95/97 Halkett Place, St Helier, Jersey, JE1 1BX
|
(A) |
Nemaura is engaged in the development, production and licensing of intellectual property rights regarding pharmaceutical products and manufacturing of medical devices, in particular the Products (as defined below).
|
(B) |
Nemaura has been engaged in discussions with DBEE and its Group regarding the licensing and distribution of the Products. Nemaura and DBEE have agreed to enter into this joint collaboration agreement in which Nemaura agrees to appoint itself and DBEE as the joint exclusive rights holders regarding the exploitation of its Patents, The Apps and The Algorithms in the Territories and DBEE agrees to appoint itself and Nemaura as the joint exclusive rights holders of the Trade Marks in the Territories.
|
(C) |
The marketing, promotion, distribution, sale and/or leasing of the Products shall be undertaken by a network of sub-distributors appointed jointly by the parties. The terms of supply of the Products will be set out in a separate contract between the parties and each sub-distributor.
|
1 |
DEFINITIONS
|
1.1 |
The definitions and rules of interpretation in this clause 1 apply in this Agreement:
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2 |
INTERPRETATION
|
2.1 |
Clause, schedule and paragraph headings shall not affect the interpretation of this Agreement.
|
2.2 |
A “
person
” includes a natural person, corporate or unincorporated body (whether or not having separate legal personality) and that person's personal representatives, successors or permitted assigns.
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2.3 |
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.
|
2.4 |
A reference to a “
company
” shall include any company, corporation or other body corporate, wherever and however incorporated or established.
|
2.5 |
Words in the singular shall include the plural and vice versa.
|
2.6 |
Unless the context otherwise requires, a reference to one gender shall include a reference to the other genders.
|
2.7 |
A reference to a statute or statutory provision is a reference to it as amended, extended or re-enacted from time to time.
|
2.8 |
A reference to “
writing
” or “
written
” does include email.
|
2.9 |
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.
|
3 |
JOINT EXCLUSIVE APPOINTMENT
|
3.1 |
With effect from the Commencement Date and throughout the Term, Nemaura appoints itself and DBEE to be equal joint rights holders for the exploitation of the Patents, The Apps and The Algorithms in the Territories and, to the extent necessary to give effect to this appointment, Nemaura grants to DBEE an exclusive (save for Nemaura), non-assignable, royalty-free licence limited to the Territories to exploit the Patents, The Apps and The Algorithms as envisaged by clause 3.3 and the other terms of this Agreement.
|
3.2 |
With effect from the Commencement Date and throughout the Term, DBEE appoints itself and Nemaura to be equal joint exclusive rights holders of the Trade Marks in the Territories, and to this extent necessary to give effect to this appointment DBEE grants to Nemaura an exclusive (save for DBEE), non-assignable, royalty-free licence limited to the Territories to exploit the Trade Marks as envisaged by clause 3.3 and the other terms of this Agreement.
|
3.3 |
The collective Intellectual Property Rights of the parties described in this clause 3.1 and 3.2 shall be described as the “
Joint IPR
” in this Agreement. The parties shall exploit the Joint IPR together by:
|
3.3.1 |
appointing Sub-Distributors in the Territories who shall import (as necessary), market, promote, distribute and sell the Products which have been manufactured in accordance with the Patents and which shall be marketed, promoted, distributed and sold using the Trade Marks; and
|
3.3.2 |
authorising the Sub-Distributors to collect, record, process, assimilate and supply the Patient Data using The Apps and The Algorithms to individuals, subject to the terms of the Sub-Distributor Contract and applicable laws.
|
3.4 |
The rights granted to Nemaura and DBEE in clause
3.1
and 3.2 are exclusive.
|
3.5 |
This Agreement does not provide either party with any right, title or interest in respect of the other party’s Intellectual Property Rights (whether in or relating to Products, The Apps and/or The Algorithms or otherwise) other than the rights granted to the parties under clause 3.1 and 3.2. So far as Nemaura
is aware, the Patents and all other Intellectual Property Rights of Nemaura in or relating to the Products are valid and the exercise by DBEE of the right granted under clause 3.1 will not infringe the rights of any person. So far as DBEE is aware, all Intellectual Property Rights of DBEE in or relating to the Trademarks are valid and the exercise by Nemaura of the right granted under clause 3.2 will not infringe the rights of any person.
|
3.6 |
Nemaura is responsible for ensuring that, from the date of approval of the Products in the form of a CE Mark and thereafter throughout the Term, the Products, The Apps and the Algorithms comply will all laws and regulations and clinical standards applicable to their use. When CE mark(s) and additional CE mark(s) and BSI kite marks and additional BSI kite marks are granted to Nemaura regarding the Products, The Apps and/or The Algorithms, Nemaura
shall ensure that:
|
3.6.1 |
DBEE is promptly provided with a copy of each UK and EU approval for the marketing of medical devices in accordance with the CE mark and BSI kite mark (where appropriate) granted pursuant to such successful applications for type 1 and type 2 diabetes and blood sugar monitoring as approved by final Products claims; and
|
3.6.2 |
the Products have and shall continue throughout the Term to have the benefit of the UK and EU approvals for the marketing of medical devices in accordance with the CE mark granted pursuant to such successful applications for type 1 and type 2 diabetes and blood sugar monitoring as approved by final Products claims.
|
3.7 |
DBEE shall not: (i) represent itself as an agent of Nemaura for any purpose; (ii) pledge Nemaura’s credit; (iii) give any condition or warranty on Nemaura’s behalf; (iv) make any representation on Nemaura’s behalf; (v) commit Nemaura to any contracts; or (vi) otherwise incur any liability for or on behalf of Nemaura
.
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3.8 |
Nemaura shall not: (i) represent itself as an agent of DBEE for any purpose; (ii) pledge DBEE’s credit; (iii) give any condition or warranty on DBEE’s behalf; (iv) make any representation on DBEE’s behalf; (v) commit DBEE to any contracts; or (vi) otherwise incur any liability for or on behalf of DBEE.
|
3.9 |
DBEE shall not, without Nemaura
’
s prior written consent, make any promises or guarantees about the Sensor Patches Pack, The Apps and/or The Algorithms beyond those contained in the UK and EU approvals for the marketing of medical devices in accordance with the CE marks and BSI kite marks granted pursuant to Nemaura’s applications for type 1 and type 2 diabetes and blood sugar monitoring as approved by final Sensor Patches Pack claims (subject to any change thereto under clause 3.6).
|
3.10 |
Nothing in this Agreement shall restrict, limit or fetter any rights, duties or obligations contained in the UK Agreement.
|
4 |
PROTECTION OF THE PATENTS
|
4.1 |
Each party shall immediately notify the other in writing, giving full particulars, if any matters come to its attention which are likely to infringe, compromise or misuse the Patents or if any adverse challenge or action is presented or if any claim (actual or threatened) is made that the Patents infringe the Intellectual Property Rights of a third party (“
Patent Claim
”).
|
4.2 |
In respect of a Patent Claim, Nemaura shall decide what action, if any, to take and shall have control over, and conduct of, all claims and proceedings. If Nemaura fails to take defensive action promptly, or elects not to defend the Patent Claim, DBEE shall be entitled as exclusive licensee to intervene and defend the Patent Claim.
|
4.3 |
The costs of defending a Patent Claim will be borne by Nemaura, unless DBEE exercises its step in right, in which case the costs are to be borne by DBEE.
|
4.3.1 |
the Licensee shall not make any admissions other than to the Licensor and shall provide the Licensor with all assistance that it may reasonably require in the conduct of any claims or proceedings; and
|
4.3.2 |
the Licensor shall bear the cost of any proceedings and shall be entitled to retain all sums recovered in any action for its own account.
|
4.4 |
Throughout the Term Nemaura shall maintain the Patents and shall renew all applications and comply with all laws and regulations necessary to ensure the Patents are effective and capable of enforcement.
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5 |
SUB-DISTRIBUTORS
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5.1 |
The parties agree that the distribution, promotion and marketing regarding the Sensor Patches Pack shall be carried out by Sub-Distributors in each territory which is allocated to the said Sub-Distributors.
|
5.2 |
DBEE shall be responsible for sourcing and negotiating terms with any potential Sub-Distributors. The final decision about whether to enter into a Sub-Distributor Contract shall be for the parties acting jointly and both parties shall sign any Sub-Distributor Contract in addition to the Sub-Distributor. Any decisions about whether to terminate or renew a Sub-Distributor Contract shall be taken by the parties acting jointly.
|
5.3 |
The parties shall ensure that each Sub-Distributor has entered into a Sub-Distributor Contract that, amongst other things, address the terms summarised in Schedule 5
.
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5.4 |
The parties acknowledge and agree that all Patient Data and also any other information (whether personal data or otherwise) generated from the use of the Products, The Apps and/or The Algorithms in the Territories
shall belong to and be under the control and ownership of Nemaura and
DBEE
. Nemaura
shall be entitled to access and make use of or process any such data to aid development and improvements in the App or the Algorithms provided that all such data is anonymised. But for the avoidance of doubt neither party shall have the right to offer for sale or grant access to the data for any other use, commercial or otherwise to any third party without the agreement of the other party.
|
6 |
MY SUGAR WATCH SERVICES
|
6.1 |
The parties agree that all individuals who acquire Products from Sub-Distributors shall be required to enter into My Sugar Watch Services Agreements.
|
6.2 |
The parties agree that a My Sugar Watch Services Agreement should, amongst other things, address the terms summarised in Schedule 6.
|
7 |
NEMAURA’S UNDERTAKINGS
|
7.1 |
Nemaura undertakes and agrees with DBEE
that at all times during the Term it will provide the Nemaura Technical Support Services to DBEE.
|
7.2 |
Nemaura will not charge DBEE for the provision of the Nemaura Technical Support Services.
|
7.3 |
The Nemaura Technical Support Services shall at all times be provided to a reasonable standard of care and skill and in accordance with good industry practice.
|
8 |
CONSIDERATION
|
8.1 |
In consideration of the rights granted in clause 3.1, DBEE shall pay to Nemaura the sum of £1 if demanded and, except as described elsewhere in this Agreement, no commission, royalties or other payments shall be due to Nemaura from DBEE.
|
8.2 |
In consideration of the rights granted in clause 3.2, Nemaura shall pay to DBEE the sum of £1 if demanded and, except as described elsewhere in this Agreement, no commission, royalties or other payments shall be due from Nemaura.
|
9 |
PRICES & PAYMENT
S
|
9.1 |
The Supply Prices to be paid by the Sub-Distributors to Nemaura for the Products shall be set out in each Sub-Distributor Contract.
|
9.2 |
The My Sugar Watch Services Payments to be made by individual patients to DBEE shall be set out in each My Sugar Watch Services Agreement.
|
9.3 |
Payment shall be made as follows:
|
9.3.1 |
50% of total Supply Price payments to Nemaura less 50% of the Cost of Manufactured Products shall be paid by Nemaura to DBEE; and
|
9.3.2 |
50% of total My Sugar Watch Services Payments to DBEE less 50% of the Cost of My Sugar Watch Sales and Distribution Services shall be paid by DBEE to Nemaura.
|
9.4 |
All sums payable under this Agreement, or otherwise payable by any party to any other party under this Agreement are exclusive of any VAT chargeable on the supplies for which such sums (or any part of them) are the whole or part of the consideration for VAT purposes.
|
9.5 |
If a party fails to make any payment due to the other party under this Agreement by the due date for payment, then the defaulting party shall pay interest on the overdue amount at the rate of 4% per annum above The Bank of England’s base rate from time to time. In relation to payments disputed in good faith, interest under this clause 9.5 is payable only after the dispute is resolved, on sums found or agreed to be due, from the due date until payment.
|
9.6 |
For the avoidance of doubt, all net income received from payments from paragraphs 9.3.1 and 9.3.2 of this Agreement shall be divided equally between the Parties.
|
10 |
LIMITATION OF LIABILITY
|
10.1 |
Nothing in this Agreement shall limit or exclude either party’s liability for:
|
10.1.1 |
death or personal injury caused by its negligence, or the negligence of its employees, agents or subcontractors (as applicable);
|
10.1.2 |
fraud or fraudulent misrepresentation; and
|
10.1.3 |
any matter in respect of which it would be unlawful to exclude or restrict liability.
|
10.2 |
Subject to clause 10.1:
|
10.2.1 |
neither party shall under any circumstances be liable to the other party, whether in contract, tort (including negligence), breach of statutory duty or otherwise, for any indirect or consequential loss or damage (including loss of profits, business, contracts, revenue, goodwill, reputation and/or anticipated savings); and
|
10.2.2 |
each party’s total liability to the other party in respect of any direct loss and/or damage arising under or in connection with this Agreement, whether in contract, tort (including negligence), breach of statutory duty or otherwise, shall be limited to the actual proceeds received by the liable party under its relevant insurance policy or policies in respect of the liability in question.
|
11 |
FREEDOM TO CONTRACT
|
11.1 |
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, including:
|
11.1.1 |
the right, power and authority for
Nemaura
to appoint DBEE and grant DBEE
the right to act as
joint rights holder under clause
3.1
; and
|
11.1.2 |
the right, power and authority for DBEE to appoint Nemaura and grant Nemaura the right to act as joint rights holders under clause 3.2,
|
12 |
PRODUCT LIABILITY AND INSURANCE
|
12.1 |
Nemaura shall indemnify and keep DBEE indemnified against any and all damages, losses, costs, expenses and liability incurred by DBEE in respect of damage to property, death or personal injury arising from any fault or defect in the Products, The Apps and/or The Algorithms for which Nemaura is liable and any reasonable costs, claims, demands and expenses arising out of or in connection with that liability (
“Nemaura
Relevant Claim”
), except to the extent the liability arises as a result of the action or omission of DBEE.
|
12.2 |
DBEE shall, as soon as it becomes aware of a matter which may result in a Nemaura Relevant Claim:
|
12.2.1 |
give Nemaura written notice of the details of the matter;
|
12.2.2 |
give Nemaura access to and allow copies to be taken of any materials, records or documents as Nemaura may require to take action under clause 12.2.3;
|
12.2.3 |
allow Nemaura the exclusive conduct of any proceedings and take any action that Nemaura requires to defend or resist the matter, including using professional advisers nominated by Nemaura; and
|
12.2.4 |
not admit liability or settle the matter without Nemaura’s written consent.
|
12.3 |
During the Term, Nemaura shall maintain product liability insurance with a reputable insurer of no less than £1 million for any one occurrence and no less than £10 million in total in any one year for any and all liability (however arising) for a claim that the Products are faulty or defective. Nemaura shall provide a copy of the insurance policy and proof of payment of the current premium to DBEE on request.
|
13 |
CONFIDENTIALITY
|
13.1 |
Each party undertakes that it shall not at any time during this Agreement and for a period of 4 years after termination of this Agreement, disclose to any person any confidential information concerning the business, affairs, customers, clients or suppliers of the other party except as provided by clause 13.2
.
|
13.2 |
Each party may disclose the other party's confidential information:
|
13.2.1 |
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. Each party shall ensure that its employees, officers, representatives or advisers to whom it discloses the other party's confidential information comply with this clause 13; and
|
13.2.2 |
as may be required by law, court order or any governmental or regulatory authority.
|
13.3 |
No party shall use any other party's confidential information for any purpose other than to perform its obligations under this Agreement.
|
14 |
FORCE MAJEURE
|
14.1 |
“Force Majeure Event”
means any circumstance not within a party's reasonable control including, without limitation:
|
14.1.1 |
acts of God, flood, fire, explosion, drought, earthquake or other natural disaster;
|
14.1.2 |
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;
|
14.1.3 |
collapse of buildings, fire, explosion or accident; and
|
14.1.4 |
interruption or failure of utility service.
|
14.2 |
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 and the parties shall meet in good faith to discuss and identify alternative sources of manufacture of the Products and shall recommence all obligations under this Agreement at the first possible opportunity.
|
15 |
DURATION
|
15.1 |
This Agreement takes effect on the Commencement Date and, subject to earlier termination where permitted by the terms of this Agreement, shall continue for an initial term of 5 years (“
Initial Term”
).
|
15.2 |
Either party can serve a notice (being at least 12 months in duration) during the Initial Term to terminate this Agreement at the end of the Initial Term. The effect of this notice is to ensure the Agreement does not automatically continue beyond its Initial Term.
|
15.3 |
If a notice to terminate the Agreement is not served in accordance with clause 15.2 then the Agreement shall automatically continue after the Initial Term until terminated by either party giving at least 12 months' prior written notice.
|
15.4 |
Where this Agreement is terminated by Nemaura on notice in accordance with clause 15.2 or 15.3, the parties agree that Nemaura shall pay on demand to DBEE a sum equal to the DBEE Exit Payment. The parties confirm that the DBEE Exit Payment represents a genuine pre-estimate of DBEE’s losses as a result of such termination. This clause shall not apply to a termination by Nemaura pursuant to clause 16.1.1
.
|
15.5 |
Where this Agreement is terminated by DBEE on notice in accordance with clause 15.2 or 15.3, the parties agree that DBEE shall pay on demand to Nemaura a sum equal to the Nemaura Exit Payment. The parties confirm that the Nemaura Exit Payment represents a genuine pre-estimate of Nemaura’s losses as a result of such termination. This clause shall not apply to a termination by DBEE pursuant to clause 16.1.1
.
|
15.6 |
Nothing in this Agreement is intended to breach any legislation or guidance in relation to EU competition law, specifically the Competition Act 1998 and the Treaty on the Functioning of the European Union Articles 101 and 102.
|
15.7 |
For the purposes of this clause 15 and for the purpose of establishing DBEE Exit Payment or Nemaura Exit Payment, Market Value shall be the open market value of the joint collaboration venture business carried out by the parties under this Agreement at the date of termination of a notice served under clause 15.2 or 15.3 (“
Termination Date
”) such value to be agreed between the parties within 30 days of Termination Date (or such longer period as the parties shall agree) or in default of such agreement within the relevant time period shall be the value reported by the Valuers as being their written opinion of the open market value of the joint collaboration venture business carried out by the parties under this Agreement as at the Termination Date.
|
15.8 |
If instructed to report on their opinion of Market Value under clause 15.7 then the Valuers shall:
|
15.8.1 |
act as expert and not as arbitrator and their written determination shall (save in the case of manifest error) be final and binding on the parties; and
|
15.8.2 |
assume a transaction between a willing purchaser and willing sellers.
|
15.9 |
The Valuers’ fees for reporting on their opinion of Market Value shall be in their award.
|
16 |
TERMINATION AND RIGHTS UPON TERMINATION
|
16.1 |
Without affecting any other rights that it may be entitled to, either party may give notice in writing to the other terminating this Agreement immediately if:
|
16.1.1 |
the other party commits a material breach of any term of this Agreement and (if such breach is remediable) fails to remedy that breach within a period of 30 days of being notified in writing to do so; or
|
16.1.2 |
an order is made or a resolution is passed for the dissolution or 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 documents are filed with the court for the appointment of an administrator or notice of intention to appoint an administrator is given by the other party or its trustees, officers, directors or by a qualifying floating charge holder (as defined in paragraph 14 of Schedule B1 to the Insolvency Act 1986), or a receiver and/or manager or administrative receiver is appointed in respect of all or any of the other party’s assets or undertaking or circumstances arise which entitle the court or a creditor to appoint a receiver and/or manager or administrative receiver or which entitle the court to make a winding-up or bankruptcy order or the other party takes or suffers any similar or analogous action in consequence of debt.
|
16.2 |
Any provision of this Agreement that expressly or by implication is intended to come into or continue in force on or after termination or expiry of this Agreement shall remain in full force and effect.
|
16.3 |
Termination or expiry 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 or expiry.
|
16.4 |
Subject to clause 16, all other rights of DBEE under this Agreement shall terminate on the termination date.
|
16.5 |
Upon termination of this Agreement by Nemaura by reason of termination pursuant to clause 15.2 or 15.3 and, subject to the payment of the DBEE Exit Payment, DBEE will procure that BMDL shall transfer all of the Trade Marks to Nemaura and DBEE shall assign to Nemaura any right, title and interest that it shall have in relation to Sub-Distributor Contracts and My Sugar Watch Services Agreements.
|
16.6 |
Upon termination of this Agreement by DBEE by reason of termination pursuant to clause 15.2 or 15.3 and subject to the payment of the Nemaura Exit Payment, Nemaura shall grant to DBEE an exclusive non-assignable royalty free licence limited to the Territory in perpetuity to exploit the Patents, The Apps and The Algorithms as envisaged by clause 3.3 and shall assign to DBEE any rights, title and interest that it shall have in relation to Sub-Distributor Contracts and My Sugar Watch Services Agreements.
|
17 |
NOTICES
|
17.1 |
Any notice given to a party under or in connection with this Agreement shall be in writing and shall be:
|
17.1.1 |
delivered by hand or
|
17.1.2 |
by pre-paid first-class post (or airmail where the address is outside of the UK) 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
|
17.1.3 |
sent by email to its principal place of business.
|
17.2 |
Any notice shall be deemed to have been received:
|
17.2.1 |
if delivered by hand, on signature of a delivery receipt or at the time the notice is left at the proper address;
|
17.2.2 |
if sent by pre-paid first-class post or other next working day delivery service, at 9.00 am on the second Business Day after posting or at the time recorded by the delivery service;
|
17.2.3 |
if sent by airmail, at 9.00am on the fifth Business Day after posting or at the time recorded by the delivery service; or
|
17.2.4 |
if sent by email, at 9.00 am on the next Business Day after transmission.
|
17.3 |
This clause 17 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.
|
18 |
ASSIGNMENT AND OTHER DEALINGS
|
18.1 |
This Agreement is personal to the parties and neither party shall (without the prior written consent of the other party) assign, transfer, mortgage, charge, subcontract, declare a trust over or deal in any other manner with any of its rights and obligations under this Agreement.
|
18.2 |
The consent of a party to the assignment or transfer by the other party of its rights and obligations under this Agreement shall not be unreasonably withheld or delayed in circumstances where:
|
18.2.1 |
the assignment or transfer is to a bona fides purchaser of that party’s rights under this Agreement; and
|
18.2.2 |
the other party has been given 20 Business Days notice of first refusal to acquire that party’srights under this Agreement at the price to be paid by the proposed purchaser and otherwise on the terms agreed with the proposed purchaser and the other party has not within such 20 Business Days period confirmed its intention to proceed with the acquisition of rights within a further period not to exceed 20 Business Days; and
|
18.2.3 |
that party and/or the proposed purchaser is able to demonstrate to the reasonable satisfaction of the other party the ability of the proposed purchaser to comply with all of that party’s obligations under this Agreement and to include the obligation at clause 16.5 or (as the case may be) clause 16.6 of this Agreement; and
|
18.2.4 |
the proposed purchaser is not a direct competitor of the other party in any market in which the other party may operate at the time of the proposed assignment or transfer.
|
19 |
MODIFICATION AND WAIVER
|
19.1 |
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.
|
19.2 |
No amendment or variation of this Agreement shall be effective unless it is in writing and signed by the parties (or their authorised representatives).
|
20 |
SEVERABILITY
|
20.1 |
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 (or is not capable of modification because it is prohibited by UK or EU Competition Law) the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause 20.1shall not affect the validity and enforceability of the rest of this Agreement.
|
20.2 |
If one party gives notice to the other of the possibility that 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.
|
21 |
ENTIRE AGREEMENT
|
21.1 |
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.
|
21.2 |
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.
|
22 |
APPLICABLE LAW & VENUE
|
22.1 |
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 law of England and Wales.
|
22.2 |
Each party irrevocably agrees that the courts of England and Wales shall have non-exclusive 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).
|
23 |
ANTI-BRIBERY COMPLIANCE
|
23.1 |
Both parties shall:
|
23.1.1 |
comply with all applicable laws, statutes, regulations relating to anti-bribery and anti-corruption including but not limited to the Bribery Act 2010; and
|
23.1.2 |
not engage in any activity, practice or conduct which would constitute an offence under sections 1, 2 or 6 of the Bribery Act 2010 if such activity, practice or conduct had been carried out in the UK.
|
24 |
ADDITIONAL GENERAL TERMS
|
24.1 |
A person who is not a party to this Agreement shall not have any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Agreement.
|
24.2 |
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.
|
24.3 |
Each party confirms it is acting on its own behalf and not for the benefit of any other person.
|
· |
All electronic and operative components of the sensor assembly device and transmitter including any circuit boards, and software required for use and Bluetooth transmission antennae to enable the sensor patches to function fully and effectively (Schedule 7, para 1a);
|
· |
The battery and the battery charger for the sensor assembly device and transmitter (Schedule 7, para 1b);
|
Country
|
Publication Number
|
Priority Date
|
Date granted
|
Title
|
Expiry Date
|
Europe
|
977280.6
|
30/06/2008
|
18-May-12
|
The Sensor Patches for Reverse Iontophoresis
|
29/06/2028
|
Country
|
Publication Number
|
Priority Date
|
Date granted
|
Title
|
Expiry Date
|
UK
|
1208950.4
|
21/05/2012
|
Pending
|
Cumulative Measurement of an analyte
|
20/05/2032
|
PCT, and all subsequent national filings
|
PCT/GB2013/051322
|
21/05/2012
|
Pending
|
Cumulative Measurement of an analyte
|
20/05/2032
|
Trade Marks
|
Registration Number
|
14179618
|
BINKYDEVISE (EU)
|
15029739
|
BINKYDIET (EU)
|
15029754
|
BINKYDIETPLAN (EU)
|
14173652
|
BINKYPAD (EU)
|
14173694
|
BINKYPATCH (EU)
|
14173553
|
BINKYSENSOR (EU)
|
14173413
|
BINKYTRANSDERMAL (EU)
|
14179626
|
BINKYVIRTUAL HEALTHCARE DATA (EU)
|
14179576
|
BINKYWATCH APP (EU)
|
14173488
|
BINKYWATCH (EU)
|
15029796
|
BINKYWEIGHTLOSS (EU)
|
16257677
|
ETHITRONIX MYSUGARWATCH (EU)
|
16265696
|
ETHITRONIX SUGARWATCH (EU)
|
14597389
|
GMDTRANSDERMAL (EU)
|
14597454
|
GMTRANSDERMAL (EU)
|
15029821
|
iBINKYDIET (EU)
|
15029846
|
iBINKYDIETPLAN (EU)
|
15532138
|
iBINKYWATCH APP (EU)
|
15029861
|
iBINKYWEIGHTLOSS (EU)
|
15005771
|
iETHITRONIX (EU)
|
16090557
|
LIFESTYLE GLUCOSEPROFILING (EU)
|
16117467
|
LIFESTYLE GLUCOSETRENDING (EU)
|
16090383
|
MYBINKYWATCH (EU)
|
15532179
|
MYBINKYWATCH APP (EU)
|
15873979
|
MYBINKYWATCH METER (EU)
|
17000019
|
MYSUGARPROFILING (EU)
|
16257701
|
MYSUGARTRENDING (EU)
|
16266413
|
MYSUGARTRENDINGWATCH (EU)
|
15532195
|
YOURBINKYWATCH APP (EU)
|
1 |
TERMS OF ENGAGEMENT
|
1.1 |
Nemaura and DBEE will enter into the Sub-Distributor Contract as joint rights holders.
|
1.2 |
The Sub-Distributor Contract will contain a specific geographical territory in which the Sub-Distributor can promote and sell the Products.
|
1.3 |
Nemaura shall ensure that the Sub-Distributor is entitled and remains entitled to exclusively use any CE marks and BSI kite marks relating to the Products in the territory allocated to it.
|
1.4 |
The Sub-Distributor shall only source the Products from Nemaura and shall not source directly competing products for resale in the territory allocated to it.
|
1.5 |
The Sub-Distributor shall be prohibited from making direct active sales of the Products outside of the territory allocated to it.
|
1.6 |
Nemaura shall commit to use its reasonable endeavours to monitor and prevent other sales of the Products in the Sub-Distributor’s territory by third parties or other sub-distributors.
|
1.7 |
The Sub-Distributor shall only promote, sell and supply the Products to hospitals, doctors and other healthcare professionals, to wholesale pharmaceutical distributors, to online retailers and high street pharmacists, to healthcare providers (whether private or Government sponsored) and to patients and potential patients and individuals (or those connected to patients or potential patients or to individuals) in the territory allocated to it.
|
1.8 |
The Sub-Distributor shall not make any promises or guarantees about the Products, The Apps and/or The Algorithms beyond those contained in the UK and EU approvals for the marketing of medical devices in accordance with the CE marks and BSI kite marks.
|
1.9 |
If the Sub-Distributor receives any enquiries relating to the Products from outside of the territory allocated to it, the Sub-Distributor must promptly forward those enquiries to DBEE.
|
1.10 |
The Sub-Distributor shall maintain appropriate advertising and promotion of Products
in the territory allocated to it.
|
1.11 |
The Sub-Distributor shall be obliged to provide call-centre facilities and services regarding the use of the Products.
|
1.12 |
The Sub-Distributor shall ensure that all sales activities and promotional material regarding the Products complies with all laws, regulations and codes of practice within the territory allocated to it.
|
1.13 |
The Sub-Distributor shall insure the Products whilst they are within its possession and control to such standard as the parties may reasonably require.
|
1.14 |
The Sub-Distributor Contract shall entitle the parties and their nominated representatives to audit the books records and systems of the Sub-Distributors and to undertake on site inspections of the premises of the Sub-Distributors.
|
1.15 |
The Sub-Distributor shall place regular orders with and regular forecasts of at least 3 months’ worth of orders with Nemaura.
|
1.16 |
The Sub-Distributor will create and provide the artwork for the packaging of the Products and the information leaflet using one or more of the Trade Marks listed in Schedule 4 of this Agreement as specified and agreed by the parties with all such artwork and information leaflets being subject to Nemaura and DBEE’s
prior written approval (such approval not to be unreasonably withheld, conditioned or delayed) to ensure any regulatory requirements are met and the artwork is in keeping with and will not damage the goodwill in the Trade Marks.
|
1.17 |
Nemaura will be obliged to provide the Nemaura Technical Support Services to the Sub-Distributor.
|
1.18 |
The Sub-Distributor shall be required to procure that each individual who purchases Products from the Sub-Distributor shall be required to enter into a My Sugar Watch Services Agreement.
|
2 |
PAYMENT
|
2.1 |
The Sub-Distributor may pay an Upfront Licence Fee. Any Upfront Licence Fee shall be paid in equal proportions to DBEE and Nemaura.
|
2.2 |
The Sub-Distributor shall pay the Supply Prices for the Products. Supply Prices shall be paid directly to Nemaura.
|
2.3 |
DBEE will not charge the Sub-Distributors a separate payment for the licence of the Trade Marks.
|
2.4 |
Nemaura will not charge the Sub-Distributors for the provision of the Nemaura Technical Support Services.
|
3 |
INTELLECTUAL PROPERTY LICENCES
|
3.1 |
The Sub-Distributor Contract will compel DBEE and Nemaura to ensure that the Joint IPR is licensed to the Sub-Distributor on commercial terms acceptable to the parties in order to ensure that the Sub-Distributor is able to exploit the Joint IPR and market, promote, distribute and/or sell the Products in the territory appointed to it. If BMDL remains the registered proprietor of the Trade Marks then DBEE may, if it so wishes, procure that BMDL enters into a direct licence of the Trade Marks to the Sub-Distributor.
|
3.2 |
Nemaura shall be obliged to supply the Products to the Sub-Distributor and Nemaura will be responsible for order processing from the Sub-Distributors. This means that all orders of the Products will be sent by the Sub-Distributor to Nemaura.
|
3.3 |
The Sub-Distributor Contract will stipulate that the Sub-Distributor shall collect the Patient Data and transfer a copy of the Patient Data to each of Nemaura and DBEE. The Sub-Distributor will be entitled to exploit, use or licence the Patient Data under a separate patient data access agreement between the Sub-Distributor and Nemaura and DBEE. All Patient Data shall be jointly owned by Nemaura and DBEE.
|
1 |
TERMS OF ENGAGEMENT
|
1.1 |
Nemaura and DBEE will enter into My Sugar Watch Services Agreements with individuals as joint right holders.
|
1.2 |
Individuals shall be required to make monthly payments to DBEE under My Sugar Watch Services Agreement.
|
2 |
PAYMENT
|
2.1 |
The individual shall pay My Sugar Watch Services Payments to DBEE direct.
|
SIGNED by
DR D F CHOWDHURY
for and on behalf of
NEMAURA MEDICAL INC
|
)
)
|
|
DR D F CHOWDHURY
|
SIGNED by
DR D J BURSTON
for and on behalf of
DALLAS BURSTON ETHITRONIX (EUROPE) LIMITED
|
)
)
)
|
|
DR D J BURSTON
|