UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 29, 2018
NEUROTROPE, INC.
(Exact name of registrant as specified in its charter)
Nevada | 001-38045 | 46-3522381 |
(State or other
jurisdiction of incorporation) |
(Commission File
Number) |
(IRS Employer
Identification Number) |
1185 Avenue of the Americas, 3 rd Floor
New York, New York 10036
(Address of principal executive offices, including ZIP code)
(973) 242-0005
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company. ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 1.01 Entry into a Material Definitive Agreement.
On November 29, 2018, Neurotrope Bioscience, Inc. (“Neurotrope Bioscience”), the operating subsidiary of Neurotrope, Inc. (the “Company’), on the one hand, and Cognitive Research Enterprises, Inc., formerly known as Blanchette Rockefeller Neurosciences Institute (“CRE”), and NRV II, LLC (“NRV II”), on the other hand, entered into a second amendment (the “Amendment”) to the Amended and Restated Technology License and Services Agreement, dated February 4, 2015, as amended on November 12, 2015, between such parties (the “TLSA”) pursuant to which CRE granted rights in certain technology to Neurotrope Bioscience. Capitalized terms not otherwise defined herein have the meanings set forth in the TLSA.
Under the Amendment, the parties agreed to modify the prosecution and maintenance obligations to provide that Neurotrope Bioscience shall have the sole and exclusive right and obligation to apply for, file, prosecute and maintain patents and applications for the Licensed IP. Neurotrope Bioscience agreed to pay to CRE and NRV II $10,000 as consideration for the Amendment. The Amendment became effective on the date on which Neurotrope Bioscience paid to CRE all outstanding invoices and accrued expenses associated with the Licensed IP, which were included on a schedule to the Amendment.
The foregoing description of the Amendment is qualified in its entirety by the full text of the Amendment, the form of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
The following exhibit is filed herewith:
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NEUROTROPE, INC. | ||
Dated: December 4, 2018 | By: | /s/ Robert Weinstein |
Name: Robert Weinstein | ||
Title: Chief Financial Officer, | ||
Executive Vice President, Secretary and Treasurer |
Exhibit 10.1
FORM OF
SECOND AMENDMENT TO THE
AMENDED AND RESTATED
TECHNOLOGY LICENSE AGREEMENT
This Second Amendment to the Amended and Restated Technology License and Services Agreement, dated as of November 29, 2018 (“Execution Date”), is made by and between Neurotrope Bioscience, a Delaware corporation (“Neurotrope”), on the one hand, and Cognitive Research Enterprises Inc., a not-for-profit institution organized and existing under the laws of the State of West Virginia (“CRE” FKA the Blanchette Rockefeller Neurosciences Institute, Inc.), and NRV II, LLC, a limited liability company organized under and existing under the laws of the State of Delaware (“NRV II”), on the other hand. Each of Neurotrope, CRE and NRV II may be referred to as a “Party” and collectively as “Parties” in this Amendment as the case may be.
WHEREAS , the Parties entered into the Amended and Restated Technology License and Services Agreement, dated February 4, 2015 (the “TLSA”) and an Amendment thereto, dated November 12, 2015 (“TLSA Amendment”), pursuant to which CRE and NRV II granted certain rights in certain technology to Neurotrope; and
WHEREAS , Section 5.6 of the TLSA provides for the prosecution and maintenance of patents and applications for the “Licensed IP” as defined in Section 1.30 of the TLSA; and
WHEREAS , the Parties desire to amend Section 5.6 to modify the prosecution and maintenance obligations of the Parties; and
WHEREAS , the Parties have agreed that it is in the best interest of all of the Parties to amend Section 5.6 “Prosecution and Maintenance.”
NOW, THEREFORE , in consideration of $10,000 USD payable by Neurotrope to CRE and NRV II within five (5) business days of the Execution Date and the mutual covenants, and subject to the terms and conditions, set forth herein, and intending to be legally bound, the Parties hereby agree as follows:
1. | Effective Date and Payment of Outstanding Invoices and Expenses. |
(a) | Neurotrope shall pay to CRE all outstanding invoices and accrued expenses associated with the Licensed IP listed below in Schedule I, which must occur within thirty (30) days of the Execution Date. |
(b) | The Effective Date of this Second Amendment shall be the date on which Neurotrope pays to CRE such outstanding invoices and accrued expenses. |
2. | Amendment to Section 5.6 . Section 5.6 of the TLSA is hereby amended and restated and to read as follows: |
“5.6 Prosecution and Maintenance . As between Neurotrope and CRE, CRE shall have no right and Neurotrope shall have the sole and exclusive right and the obligation, to apply for, file, prosecute, and maintain patents and applications for the Licensed IP, in each case, in any jurisdiction throughout the world. Neurotrope shall pay for all of the attorneys’ fees, translation costs, filing fees, maintenance fees, portfolio transfer expenses, and other costs and expenses related to any of the foregoing. Upon Neurotrope’s request, CRE shall cooperate fully with Neurotrope (including executing and delivering all documents, providing all information, and taking all such action as may be necessary or appropriate) in preparing, executing, filing and prosecuting applications to patent or register any Licensed IP, and applications for other related patents and registrations and in maintaining all such patents and registrations as may issue. In the event Neurotrope intends to abandon or cease any patent or application payment of maintenance fees, costs and/or expenses for any patent or application for the Licensed IP, Neurotrope shall provide CRE with written notice of such intent to abandon or cease payments at least sixty (60) days in advance of any relevant deadline, at which time CRE may (but shall not be obligated to) undertake such prosecution or maintenance at CRE’s sole discretion. The Licensed IP that is the subject of such abandonment or such fee, cost or expense shall be deemed to not be Licensed IP as of the date of such notice (and thereafter not licensed or sublicensed to Neurotrope pursuant to this Agreement).”
3. | Licensed IP. The Parties acknowledge that Schedule I attached hereto is a true and complete list of all Licensed IP. |
4. | Miscellaneous. All terms and conditions of the TLSA not modified by this Amendment shall continue in full force and effect in accordance with their terms. The Parties agree that pursuant to the terms of this Amendment, the TLSA shall be considered in full force and effect, and that “CRE” shall replace “BRNI” in whatever sections in the TLSA that the term BRNI is used. |
IN WITNESS THEREOF, the Parties hereto have caused this Amendment to be executed by their duly authorized representatives as set forth below.
NEUROTROPE BIOSCIENCE, INC. | COGNITIVE RESEARCH ENTERPRISES, INC. | |||
By: | By: | |||
Name: Charles Ryan | Name: Shana Kay Phares | |||
Title: Chief Executive Officer | Title: President and Chief Executive Officer | |||
NRV II, LLC | ||||
By: | ||||
Name: Neuroscience Research Ventures, Inc. | ||||
Title: Managing Member |
Schedule I
Application Number | Country | Filing Date | Patent Number | Issue Date | Status |
10/167,491 | United States of America | 13-Jun-2002 | 6,825,229 | 30-Nov-2004 | ISSUED-INAC |
10/933,536 | United States of America | 03-Sep-2004 | Abandoned | ||
10/937,509 | United States of America | 10-Sep-2004 | Abandoned | ||
11/802,842 | United States of America | 25-May-2007 | FINAL REJ. | ||
12/538,245 | United States of America | 10-Aug-2009 | 9,066,923 | 30-Jun-2015 | ISSUED |
12/883,444 | United States of America | 16-Sep-2010 | 9,345,685 | 24-May-2016 | ISSUED-INAC |
13/042,892 | United States of America | 08-Mar-2011 | REJECTED | ||
13/851,161 | United States of America | 27-Mar-2013 | 9,539,235 | 10-Jan-2017 | Issued |
14/929,731 | United States of America | 02-Nov-2015 | 9,446,020 | 20-Sep-2016 | Issued |
15/370,156 | United States of America | 06-Dec-2016 | Pending | ||
03716386.2 | European Patent Convention | 14-Sep-2004 | Pending | ||
10000734.3 | European Patent Convention | 25-Jan-2010 | REJECTED | ||
05784925.9 | European Patent Convention | 22-Feb-2007 | Appealed | ||
03742389.4 | European Patent Convention | 12-Jan-2005 | Abandoned | ||
PCT/US2003/007101 | Patent Cooperation Treaty | 07-Mar-2003 | Inactive | ||
PCT/US2003/020820 | Patent Cooperation Treaty | 02-Jul-2003 | COMPLETED | ||
PCT/US2005/028522 | Patent Cooperation Treaty | 10-Aug-2005 | COMPLETED | ||
14/222,922 | United States of America | 24-Mar-2014 | REJECTED | ||
14/825,488 | United States of America | 13-Aug-2015 | Pending | ||
07749484.7 | European Patent Convention | 17-Feb-2009 | Abandoned | ||
12002638.0 | European Patent Convention | 16-Apr-2012 | Abandoned | ||
14001452.3 | European Patent Convention | 22-Apr-2014 | REJECTED | ||
12/068,742 | United States of America | 11-Feb-2008 | FINAL REJ. | ||
08725395.1 | European Patent Convention | 04-Sep-2009 | 2121000 | 23-Sep-2015 | ISSUED-INAC |
14001303.8 | European Patent Convention | 09-Apr-2014 | REJECTED | ||
15002036.0 | European Patent Convention | 07-Jul-2015 | Published |
Application Number | Country | Filing Date | Patent Number | Issue Date | Status |
PCT/US2008/001755 | Patent Cooperation Treaty | 11-Feb-2008 | COMPLETED | ||
PCT/US2008/006158 | Patent Cooperation Treaty | 14-May-2008 | COMPLETED | ||
12/510,681 | United States of America | 28-Jul-2009 | 8,163,800 | 24-Apr-2012 | Issued |
13/401,459 | United States of America | 01-Feb-2012 | 9,119,825 | 01-Sep-2015 | ISSUED-INAC |
14/803,762 | United States of America | 20-Jul-2015 | REJECTED | ||
09790874.3 | European Patent Convention | 17-Feb-2011 | REJECTED | ||
PCT/US2009/051927 | Patent Cooperation Treaty | 28-Jul-2009 | COMPLETED | ||
13/817,040 | United States of America | 14-Feb-2013 | 9,597,312 | 21-Mar-2017 | Allowed |
EP11751750.8 | European Patent Convention | 01-Mar-2013 | Pending | ||
PCT/US11/48493 | Patent Cooperation Treaty | 19-Aug-2011 | COMPLETED | ||
14/357,654 | United States of America | 12-May-2014 | 9,163,032 | 20-Oct-2015 | ISSUED-INAC |
12795194.5 | European Patent Convention | 10-Jun-2014 | Pending | ||
PCT/US12/64783 | Patent Cooperation Treaty | 13-Nov-2012 | COMPLETED | ||
14/357,661 | United States of America | 12-May-2014 | REJECTED | ||
12794822.2 | European Patent Convention | 12-Jun-2014 | Published | ||
PCT/US12/64787 | Patent Cooperation Treaty | 13-Nov-2012 | COMPLETED | ||
15/028,487 | United States of America | 11-Apr-2016 | Published | ||
14793391.5 | European Patent Convention | 20-Oct-2014 | Published | ||
PCT/US2014/061368 | Patent Cooperation Treaty | 20-Oct-2014 | COMPLETED | ||
15/126,339 | United States of America | 15-Sep-2016 | Pending | ||
15715942.7 | European Patent Convention | 27-Mar-2015 | Published | ||
PCT/US2015/23090 | Patent Cooperation Treaty | 27-Mar-2015 | COMPLETED | ||
PCT/US2016/056201 | Patent Cooperation Treaty | 08-Oct-2016 | Pending | ||
62/335,040 | United States of America | 11-May-2016 | Pending |