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.

 

Exhibit

Number

 

Description 

   
10.1 Form of Second Amendment to Amended and Restated Technology License and Services Agreement among Neurotrope BioScience, Inc., Cognitive Research Enterprises, Inc. and NRV II, LLC, dated November 29, 2018.

   

 

 

 

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