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EXHIBIT 10.27 JOINT VENTURE AGREEMENT

Joint Venture JV Agreement

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CYTORI THERAPEUTICS, INC. | MACROPORE BIOSURGERY, INC. | OLYMPUS CORPORATION

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Title: EXHIBIT 10.27 JOINT VENTURE AGREEMENT
Governing Law: Delaware     Date: 3/30/2006
Law Firm: Squire Sanders    

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style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-JOINT VENTURE AGREEMENT+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-This +ADw-b+AD4-JOINT VENTURE AGREEMENT +ADw-/b+AD4-(the +IBwAPA-b+AD4APA-u+AD4-Agreement+ADw-/u+AD4APA-/b+AD4gHQ-), dated November+ACY-nbsp+ADs-4, 2005 the +IBwAPA-b+AD4APA-u+AD4-Effective Date+ADw-/u+AD4APA-/b+AD4gHQ-), between +ADw-b+AD4-CYTORI THERAPEUTICS,+ACY-nbsp+ADs-INC.+ADw-/b+AD4- (+ADw-i+AD4-formerly +ADw-b+AD4-MACROPORE BIOSURGERY,+ACY-nbsp+ADs-INC.+ADw-/b+AD4APA-/i+AD4-), a Delaware corporation with its principal place of business located at 3020 Callan Road, San Diego, CA 92121, U.S.A. (+IBwAPA-b+AD4APA-u+AD4-Cytori+ADw-/u+AD4APA-/b+AD4gHQ-), and +ADw-b+AD4-OLYMPUS CORPORATION+ADw-/b+AD4-, a Japanese corporation with its principal office at 2-4h3-2 Hatagaya Shibuya-ku, Tokyo, Japan (+IBwAPA-b+AD4APA-u+AD4-Olympus+ADw-/u+AD4APA-/b+AD4gHQ-). (Cytori and Olympus may+ACY-nbsp+ADs-each individually be referred to herein as a +IBwAPA-b+AD4APA-u+AD4-Party+ADw-/u+AD4APA-/b+AD4gHQ- and collectively as the +IBwAPA-b+AD4APA-u+AD4-Parties+ADw-/u+AD4APA-/b+AD4-.+IB0-)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-RECITALS+ADw-/span+AD4APA-/u+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in+ADs-layout-grid-mode: char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-A. Cytori has acquired and possesses, through the expenditure of considerable time, effort and money, certain intellectual property rights (including patents, patent applications and technical information) to regenerative cell technology, including scientific equipment used to carry out regenerative cell therapies and treatments.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in+ADs-layout-grid-mode: char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in+ADs-layout-grid-mode: char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-B. Olympus is a leading developer and manufacturer of medical and scientific equipment and has acquired and possesses, through the expenditure of considerable time, effort and money, certain intellectual property rights (including patents, patent applications and technical information) related to medical and scientific equipment.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in+ADs-layout-grid-mode: char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in+ADs-layout-grid-mode: char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-C. Olympus and Cytori entered into a confidentiality agreement dated November+ACY-nbsp+ADs-30, 2004 (the +IBwAPA-b+AD4APA-u+AD4-Confidentiality Agreement+ADw-/u+AD4APA-/b+AD4gHQ-).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in+ADs-layout-grid-mode: char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-D. Olympus and Cytori entered into a stock purchase agreement (the +ADw-b+AD4APA-u+AD4gHA-Common Stock Purchase Agreement+IB0APA-/u+AD4APA-/b+AD4-), dated +ADw-span style+AD0-'background:white'+AD4-April+ACY-nbsp+ADs-28, 2005,+ADw-/span+AD4- pursuant to which Olympus acquired 1,100,000 common shares of Cytori.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-E. The Parties desire to form+ACY-nbsp+ADs-a joint venture corporation under the laws of the State of Delaware(+IBwAPA-b+AD4APA-u+AD4-NewCo+ADw-/u+AD4APA-/b+AD4gHQ-) for the purposes of developing, licensing and manufacturing certain medical equipment.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-F. Olympus and Cytori intend in this Agreement to set forth the principal agreement between them regarding the formation of NewCo.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-NOW, THEREFORE, in consideration of the mutual agreements, covenants and provisions contained herein, and other valuable consideration, the Parties hereto agree as follows:+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-h1 style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs- font-weight:normal'+AD4-SECTION+ACY-nbsp+ADs-1:+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt+ADs- font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-DEFINITIONS+ADw-/span+AD4APA-/h1+AD4- +ADw-h1 style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs- font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/h1+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Unless the provisions of the Agreement otherwise provide, each of the following capitalized terms used in the Agreement shall have the meaning set out below.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Affiliate+ADw-/u+AD4APA-/b+AD4gHQ- means, as to any Party, any Person that, directly or indirectly, controls, or is controlled by, or is under common control with, such Party, where +IBw-control+IB0- (including, with its correlative meanings, +IBw-controlled by+IB0- and +IBw-under common control with+IB0-) means (a)+ACY-nbsp+ADs-the beneficial ownership of fifty percent (50+ACU-) or more of the outstanding voting securities of a Party, or (b)+ACY-nbsp+ADs-the possession, directly or indirectly, of the power to direct or cause the direction of management or policies of a Party, whether through the ownership of securities or partnership or other ownership interests, by contract or otherwise.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4- +ADw-hr size+AD0-2 width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-left+AD4- +ADw-/div+AD4- +ADw-/div+AD4- +ADw-/div+AD4- +ADw-span style+AD0-'font-size:12.0pt+ADs-font-family:+ACI-Times New Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New Roman+ACIAOw-mso-ansi-language:EN-US+ADs-mso-fareast-language:EN-US+ADs- mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Agreement+ADw-/u+AD4APA-/b+AD4gHQ- has the meaning set forth in the Preamble.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Aggregate Purchase Price+ADw-/u+AD4APA-/b+AD4gHQ- has the meaning set forth in Section+ACY-nbsp+ADs-4.2+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Ancillary Agreements+ADw-/u+AD4APA-/b+AD4gHQ- means the License/ Joint Development Agreement, the Shareholders Agreement, the License/ Commercial Agreement, the Olympus Share Subscription Agreement, the NewCo Share Subscription Agreement and the Three-Way NDA+ADs- provided, however, where the context herein would provide that NewCo is a party to the Ancillary Agreements, such usage of the term +IBw-Ancillary Agreements+IB0- shall be understood to exclude the Shareholders Agreement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Bankruptcy and Equity Exception+ADw-/u+AD4APA-/b+AD4gHQ- means the extent to which enforceability of this Agreement (a)+ACY-nbsp+ADs-may+ACY-nbsp+ADs-be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other similar laws of general application affecting or relating to the enforcement of creditors+IBk- rights generally and (b)+ACY-nbsp+ADs-is subject to general principles of equity, whether considered in a proceeding at law or in equity.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Closing+ADw-/u+AD4APA-/b+AD4gHQ- has the meaning set forth in Section+ACY-nbsp+ADs-8.1 below.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Closing Date+ADw-/u+AD4APA-/b+AD4gHQ- has the meaning set forth in Section+ACY-nbsp+ADs-8.1 below.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Cytori+ADw-/u+AD4APA-/b+AD4gHQ- has the meaning set forth in the Preamble.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Disclosure Schedule+ADw-/u+AD4APA-/b+AD4gHQ- has the meaning set forth in Section+ACY-nbsp+ADs-5.1.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Effective Date+ADw-/u+AD4APA-/b+AD4gHQ- has the meaning set forth in the Preamble.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Governmental Authority+ADw-/u+AD4APA-/b+AD4gHQ- means any federal, state, local, foreign or international body, court, government, department, commission, board, bureau, agency, official or other administrative or governmental authority.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span 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style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Indemnity Claim+ADw-/u+AD4APA-/b+AD4gHQ- has the meaning set forth in Section+ACY-nbsp+ADs-9.4(a).+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4-+ADw-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Indemnity Claim Notice+ADw-/u+AD4APA-/b+AD4gHQ- has the meaning set forth in Section+ACY-nbsp+ADs-9.4(a).+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Intellectual Property Rights+ADw-/u+AD4APA-/b+AD4gHQ- shall mean (a)+ACY-nbsp+ADs-all inventions (whether patentable or unpatentable and whether or not actually reduced to practice), all improvements thereto (but only if such improvements relate to inventions in existence as of the Closing), and all patents, provisional and non-provisional patent applications and patent disclosures, together with all reissuances, continuations, continuations-in-part, divisionals, renewals, extensions and reexaminations thereof, (b)+ACY-nbsp+ADs-all copyrightable works, all works of authorship, all copyrights, and all applications, registrations and renewals in connection therewith, (c)+ACY-nbsp+ADs-all mask works and all applications, registrations and renewals in connection therewith, (d)+ACY-nbsp+ADs-all trademarks, service marks, trade names, service names, brand names, trade dress rights, logos, Internet domain names and corporate names, together with the goodwill associated with any of the foregoing, (e)+ACY-nbsp+ADs-all trade secrets and confidential business information (including, but not limited to, ideas, research and development, know-how, formulas, compositions, biochemical and biological materials, reagents, assays, manufacturing and production processes and techniques, technical data, designs, drawings, specifications, customer and supplier lists, pricing and cost information and business and marketing plans and proposals), and (f)+ACY-nbsp+ADs-any and all applications and registrations of the foregoing (in any jurisdiction).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Liability+ADw-/u+AD4APA-/b+AD4gHQ- means any debt, adverse claim, liability, obligation or commitment of any kind or nature,+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4- +ADw-hr size+AD0-2 width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-left+AD4- +ADw-/div+AD4- +ADw-/div+AD4- +ADw-span style+AD0-'font-size:12.0pt+ADs-font-family:+ACI-Times New Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New Roman+ACIAOw-mso-ansi-language:EN-US+ADs-mso-fareast-language:EN-US+ADs- mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-whether direct or indirect, fixed, absolute or contingent, determined or determinable, matured or unmatured, accrued or unaccrued, liquidated or unliquidated, due or to become due, asserted or unasserted, or known or unknown, and regardless of whether arising out of or based upon contract, tort, strict liability, statute or otherwise or whether required by US GAAP to be reflected as a liability on such Party+IBk-s balance sheet or disclosed in the related notes.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-License/ Commercial Agreement+ADw-/u+AD4APA-/b+AD4gHQ- means the License/ Commercial Agreement to be entered into by and between NewCo and Cytori at Closing, in substantially the same form+ACY-nbsp+ADs-as attached hereto as +ADw-u+AD4-Exhibit+ACY-nbsp+ADs-1+ADw-/u+AD4-.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-License/ Joint Development Agreement+ADw-/u+AD4APA-/b+AD4gHQ- means the License/ Joint Research and Development Agreement to be entered into by and among Cytori, NewCo and Olympus at Closing, in substantially the same form+ACY-nbsp+ADs-as attached hereto as +ADw-u+AD4-Exhibit+ACY-nbsp+ADs-2+ADw-/u+AD4-.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt+ADs-background:white'+AD4gHAA8-b+AD4-Licensed Field+ADw-/b+AD4gHQA8-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt+ADs-background:white'+AD4- shall mean the use of Licensed IP for the purpose of designing, developing, manufacturing, testing and servicing Licensed Products for sale exclusively from NewCo to Cytori.+ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Licensed IP+ADw-/u+AD4APA-/b+AD4gHQ- means all Intellectual Property Rights owned or controlled by either Party which are necessary or useful to design, develop, manufacture, test, analyze, market, offer to sell to Cytori, sell to Cytori and service all current and future generations of the Licensed Product(s). The term +IBw-Licensed IP+IB0- shall include all Intellectual Property Rights licensed to NewCo by Cytori and by Olympus, whether pursuant to this Agreement, any Ancillary Agreement or otherwise.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-background:white'+AD4gHAA8-b+AD4APA-u+AD4-Licensed Product(s)+ADw-/u+AD4APA-/b+AD4gHQ- shall mean any automated devices (and related component parts) that +ACoAKgAq- separate and concentrate +ACoAKgAq- cells (including stem cells and other regenerative cells) from harvested adipose tissue (fat tissue). The device components include, but are not limited to,+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.0in+ADs- margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt+ADs- background:white'+AD4AKgAqACoAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt+ADs- background:white'+AD4AKgAqACoAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt+ADs- background:white'+AD4AKgAqACo-.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Liens+ADw-/u+AD4APA-/b+AD4gHQ- means all liens, pledges, charges, mortgages, deeds of trust, pledges, hypothecations, title defects, restrictions, conditions, easements, claims, options, leases, rights of possession or use, encumbrances, adverse rights or claims and security interests of any kind or nature whatsoever (including any restriction on the right to vote or transfer), whether voluntarily incurred or arising by operation of law or otherwise, including, without limitation, any written or oral agreement to give or grant any of the foregoing.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Loss+ADw-/u+AD4APA-/b+AD4gHQ- shall mean any claim, demand, Liability, loss, damage, deficiency, assessment, judgment, settlement, remediation and costs or expenses (including reasonable attorney, consultant and expert fees and expenses).+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Material Adverse Event+ADw-/u+AD4APA-/b+AD4gHQ- shall mean any change, event, occurrence or state of facts which has had, or would reasonably be expected to have, a material adverse effect on (a)+ACY-nbsp+ADs-Cytori+IBk-s or NewCo+IBk-s ability to perform+ACY-nbsp+ADs-their respective obligations set forth in this Agreement or the Ancillary Agreements, (b)+ACY-nbsp+ADs-the Licensed IP provided to Newco by Cytori or by Olympus, or (c)+ACY-nbsp+ADs-the transactions contemplated by this Agreement or the Ancillary Agreements.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Material Litigation+ADw-/u+AD4APA-/b+AD4gHQ- shall mean any litigation, action, suit, claim, investigation or administrative, arbitral or other proceedings which has had, or would reasonably be expected to have, a material adverse effect on (a)+ACY-nbsp+ADs-the Licensed IP provided to Newco by Cytori or by Olympus, (b)+ACY-nbsp+ADs-Cytori+IBk-s or NewCo+IBk-s ability to perform+ACY-nbsp+ADs-their respective obligations set forth in this Agreement or the Ancillary Agreements, or (c)+ACY-nbsp+ADs-the transactions contemplated by this Agreement or the Ancillary Agreements. The Patent Dispute shall not constitute a Material Litigation under this Agreement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4- +ADw-hr size+AD0-1 width+AD0AIg-25+ACUAIg- noshade color+AD0-black align+AD0-left+AD4- +ADw-/div+AD4- +ADw-/div+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-sup+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AKgAqACoAPA-/span+AD4APA-/sup+AD4APA-span style+AD0-'font-size:10.0pt'+AD4- Material has been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4- +ADw-hr 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style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Contracts Between NewCo and Cytori. +ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Cytori shall ensure and procure that at Closing (a)+ACY-nbsp+ADs-NewCo shall duly and validly execute each Ancillary Agreement to which NewCo is a party, and (b)+ACY-nbsp+ADs-all common stock of NewCo pursuant to the NewCo Share Subscription Agreement shall be issued to Cytori before or at the Closing.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4-+ADw-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.4+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Notification of Bank Account. +ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Promptly following the establishment of NewCo by Cytori, but in no event+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4- +ADw-hr size+AD0-2 width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-left+AD4- +ADw-/div+AD4- +ADw-/div+AD4- +ADw-span style+AD0-'font-size:12.0pt+ADs-font-family:+ACI-Times New Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New Roman+ACIAOw-mso-ansi-language:EN-US+ADs-mso-fareast-language:EN-US+ADs- mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-later than seven (7)+ACY-nbsp+ADs-days prior to the Closing Date, Cytori shall, and shall procure and ensure that NewCo shall, notify Olympus in writing of the bank account information to which Olympus shall pay the Aggregate Purchase Price pursuant to Sections 4.2 and 8.3.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.5+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Corporate Authority and Other Approvals. +ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Cytori shall, and shall procure that NewCo shall, promptly following establishment of NewCo, but in any event prior to the Closing, conduct any and all necessary board of directors meetings, shareholders meetings, filings and/or registrations, and shall obtain any and all necessary (whether corporate, governmental or otherwise) consents, approvals, permits, licenses or registrations that may+ACY-nbsp+ADs-be necessary or prudent for Cytori and/or NewCo to perform, consummate and effectuate the transactions contemplated by this Agreement and the Ancillary Agreements.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.6+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Reasonable Access+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. At all times following Cytori+IBk-s establishment of NewCo pursuant to Section+ACY-nbsp+ADs-2.1 through the Closing, Cytori shall, and shall procure and ensure (to the extent that Cytori then has control of NewCo+IBk-s Board of Directors or management) that NewCo shall, provide Olympus and its agents and representatives reasonable access during normal business hours and upon reasonable notice as described below to all of the premises, properties, assets, financial statements and records, books, contracts, documents and commitments of or relating to NewCo, and shall furnish Olympus and its authorized agents and representatives with all such information concerning NewCo as Olympus may+ACY-nbsp+ADs-reasonably request.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.7+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Notice of Breaches+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Cytori shall, promptly after receiving written notice of the occurrence of, or of the impending or threatened occurrence of, any event which would cause or constitute a material breach of any of its warranties, representations, covenants or agreements contained in this Agreement or any Ancillary Agreement, give notice to Olympus in writing of such event or occurrence or impending or threatened event or occurrence, and shall use its commercially reasonable efforts to prevent or promptly remedy such material breach.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.8+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Compliance With Laws+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. At all times following Cytori+IBk-s establishment of NewCo pursuant to Section+ACY-nbsp+ADs-2.1 (or execution of each Ancillary Agreement, as applicable) up to the time immediately preceding the Closing, Cytori shall, and shall procure that NewCo shall, comply with any and all laws that are applicable to Cytori, NewCo and the transactions contemplated in this Agreement and each applicable Ancillary Agreement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.9+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Cytori IP Prosecution Notifications+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-.+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Cytori shall provide Olympus with all copies of correspondences regarding Licensed IP provided by Cytori to New co. and prosecution thereof, including, without limitation, all correspondences exchanged with the US Patent and Trademark Office and any applicable foreign patent offices. Prior to making any decisions with respect to the prosecution of Licensed IP provided by Cytori to New co, Cytori shall afford Olympus a reasonable opportunity to provide any comments Olympus may+ACY-nbsp+ADs-have. In addition, Cytori shall provide Olympus a minimum of thirty (30) days to provide comments to Cytori regarding patent office actions that have a reply period greater than one month, and fifteen (15) days from Olympus+IBk- receipt of Office Actions issued during prosecution of the Licensed IP that have a reply period of one month. Cytori shall consider in good faith all comments made by Olympus.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt+ADs-text-indent:-.5in'+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-SECTION+ACY-nbsp+ADs-3:+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-COVENANTS OF OLYMPUS+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt+ADs-text-indent:-.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-3.1+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Compliance With Laws+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Olympus shall comply with all laws that are applicable to Olympus and to the transactions contemplated in this Agreement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-3.2+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Corporate Authority and Other Approvals. +ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Olympus shall, prior to the Closing, conduct any and all necessary board of directors meetings, shareholders meetings, filings and/or registrations, and shall obtain any and all necessary (whether corporate, governmental or otherwise) consents, approvals, permits, licenses or registrations that may+ACY-nbsp+ADs-be necessary or prudent for Olympus and/or Newco to perform, consummate and effectuate the transactions contemplated by this Agreement and the Ancillary Agreements.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4- +ADw-hr size+AD0-2 width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-left+AD4- +ADw-/div+AD4- +ADw-/div+AD4- +ADw-span style+AD0-'font-size:12.0pt+ADs-font-family:+ACI-Times New Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New Roman+ACIAOw-mso-ansi-language:EN-US+ADs-mso-fareast-language:EN-US+ADs- mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-SECTION+ACY-nbsp+ADs-4:+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-SUBSCRIPTION TO COMMON STOCK OF NEWCO+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-4.1+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Subscription Shares+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Subject to the terms and conditions of this Agreement and of the Olympus Share Subscription Agreement, which Olympus shall execute and deliver to NewCo at the Closing, Cytori shall procure and ensure that at the Closing NewCo shall issue and sell to Olympus, and Olympus shall subscribe for and purchase from NewCo, one thousand (1,000) common shares in the capital of NewCo (the +IBwAPA-b+AD4APA-u+AD4-Subscription Shares+ADw-/u+AD4APA-/b+AD4gHQ-), which shall constitute fifty percent (50+ACU-) of the issued and outstanding shares of NewCo on a fully diluted basis taking into account the common stock of NewCo issued to Cytori concurrently with the Closing pursuant to the NewCo Share Subscription Agreement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-4.2+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Purchase Price.+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. The aggregate purchase price for the Subscription Shares shall be +ACoAKgAqADw-br+AD4- +ACY-nbsp+ADsAJg-nbsp+ADs- +ACoAKgAqADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-United States Dollars (US+ACQAKgAqACo-) (the +IBwAPA-b+AD4APA-u+AD4-Aggregate Purchase Price+ADw-/u+AD4APA-/b+AD4gHQ-).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-SECTION+ACY-nbsp+ADs-5:+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-REPRESENTATIONS AND WARRANTIES OF CYTORI+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-5.1+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Representations and Warranties of Cytori+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Except as set forth in Cytori+IBk-s disclosure schedule+ACY-nbsp+ADs-attached as +ADw-u+AD4-Schedule+ACY-nbsp+ADs-5.1+ADw-/u+AD4- hereto (the +IBwAPA-b+AD4APA-u+AD4-Disclosure Schedule+ADw-/u+AD4APA-/b+AD4gHQ-), each section+ACY-nbsp+ADs-of which qualifies the correspondingly numbered representation and warranty to the extent expressly specified therein and other representations and warranties to the extent that a matter is disclosed in such a way as to make its relevance to the information called for by such other representation and warranty readily apparent, Cytori represents and warrants to Olympus that the statements contained in this Section+ACY-nbsp+ADs-5 are correct and complete as of the Effective Date and will be correct and complete as of the Closing Date (as though made then).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(a)+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Organization and Authority of Cytori+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Cytori is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, is in good standing and duly qualified to do business in California and has all requisite power and authority (corporate and otherwise) to execute, deliver and perform+ACY-nbsp+ADs-this Agreement, each Ancillary Agreement to which Cytori is a party, and to consummate the transactions contemplated hereby and thereby. This Agreement and each Ancillary Agreement to which Cytori is a party has been or will be at the Closing, duly and validly executed and delivered by Cytori and constitutes or will constitute valid and binding obligations of Cytori, enforceable against it in accordance with the terms set forth in those agreements, subject to the Bankruptcy and Equity Exception.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4-+ADw-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(b)+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Status of NewCo+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. At all times following Cytori+IBk-s establishment of NewCo pursuant to Section+ACY-nbsp+ADs-2.1 and up to and until completion of the Closing:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(i)+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-NewCo will be a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, in good standing +ADw-span style+AD0-'background:white'+AD4-and duly qualified to do business in California and will have all requisite power and authority (corporate+ADw-/span+AD4- and otherwise) to execute, deliver and perform+ACY-nbsp+ADs-each Ancillary Agreement to which Newco is a party, to own all of its assets and to conduct its business, and to consummate the transactions contemplated hereby and thereby.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(ii)+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-NewCo will have a total of Three thousand (3,000) authorized shares of common stock, one thousand (1,000) shares of which will be issued and outstanding and will reflect the common stock of NewCo issued to Cytori concurrently with the Closing pursuant to the NewCo Share Subscription Agreement, and there will be no other capital stock of NewCo.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(iii)+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Except for the Subscription Shares to be issued to Olympus in accordance with Section+ACY-nbsp+ADs-4,+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4- +ADw-hr size+AD0-1 width+AD0AIg-25+ACUAIg- noshade color+AD0-black align+AD0-left+AD4- +ADw-/div+AD4- +ADw-/div+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AKgAqACo- Material has been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4- +ADw-hr size+AD0-2 width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-left+AD4- +ADw-/div+AD4- +ADw-/div+AD4- +ADw-span style+AD0-'font-size:12.0pt+ADs-font-family:+ACI-Times New Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New Roman+ACIAOw-mso-ansi-language:EN-US+ADs-mso-fareast-language:EN-US+ADs- mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Cytori will be the sole owner, legally, beneficially and of record, of all such issued and outstanding shares of common stock, all of which will have been duly and validly issued in compliance with all applicable laws, and all of which will be fully paid, non-assessable and free and clear of any and all Liens.+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(iv)+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-There are no outstanding options or warrants regarding the capital stock of NewCo, and NewCo has not issued or authorized, and will not issue or authorize prior to Closing, any capital stock (except for shares of Common Stock specifically set forth in Section+ACY-nbsp+ADs-5.1(b)(ii)+ACY-nbsp+ADs-or to be issued to Olympus pursuant to Section+ACY-nbsp+ADs-4.1), security, debt instrument, option, warrant or other right of any nature that is or may+ACY-nbsp+ADs-be convertible into common stock or any other capital stock of, or equity interest in, NewCo. No shares of NewCo+IBk-s outstanding capital stock are subject to any rights of first refusal or other rights to purchase stock (whether in favor of Cytori, Olympus or any other Person), pursuant to any agreement or commitment of NewCo.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(v)+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Other than the Ancillary Agreements to which Newco is a party, NewCo has not entered into any agreements, contracts, arrangements, or understandings with any Person, and has not conducted any business whatsoever.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(vi)+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-NewCo has no Liabilities or obligations of any nature whatsoever (whether absolute, accrued, contingent, or otherwise).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(c)+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Binding Effect on NewCo+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. NewCo shall duly and validly execute each Ancillary Agreement to which NewCo is a party. Upon corresponding execution and delivery by each other Party thereto, each such Ancillary Agreement will be binding and enforceable against NewCo in accordance with its terms and conditions, subject to the Bankruptcy and Equity Exception.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(d)+ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-No Conflicts+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Neither the execution, delivery and performance of this Agreement by Cytori, nor the consummation of the transactions contemplated hereby or by each of the Ancillary Agreements to which Cytori is a party, will (i)+ACY-nbsp+ADs-conflict with or violate any provision of Cytori+IBk-s organizational documents, any agreement to which Cytori is a party or any judgment, order of any court or governmental
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