EXHIBIT 10.28 LICENSE/ COMMERCIAL AGREEMENT

License Agreement

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OLYMPUS-CYTORI, INC. | CYTORI THERAPEUTICS, INC.

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Title: EXHIBIT 10.28 LICENSE/ COMMERCIAL AGREEMENT
Governing Law: Delaware Date: 3/30/2006

EXHIBIT 10.28 LICENSE/ COMMERCIAL AGREEMENT, Parties: olympus-cytori inc. , cytori therapeutics inc.

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style+AD0-'background:white'+AD4- (+IBwAPA-b+AD4APA-u+AD4-Cytori+ADw-/u+AD4APA-/b+AD4gHQ-)+ADw-/span+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-autospace:none'+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-autospace:none'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(NewCo and Cytori may+ACY-nbsp+ADs-each be individually 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+AD4gHQ-).+ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-autospace:none'+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-b+AD4APA-span 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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'+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-B. On and subject to the terms and conditions set forth herein and pursuant to Section+ACY-nbsp+ADs-2.3 of a Joint Venture Agreement by and between Cytori and Olympus, dated as of November+ACY-nbsp+ADs-4, 2005 (the +IBwAPA-b+AD4-JVA+ADw-/b+AD4gHQ-), Cytori is prepared to grant to NewCo, and NewCo desires to obtain from Cytori, an exclusive license to use such intellectual property rights of Cytori for purposes of developing, manufacturing and selling Licensed Product(s) in the Licensed Field (as defined below).+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-C. Cytori shall purchase from NewCo, and NewCo shall sell exclusively to Cytori, the Licensed Product(s) on the terms and conditions set forth herein.+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-NOW, THEREFORE, in consideration of the foregoing, the mutual promises herein contained, and for other good and valuable consideration, the receipt and adequacy of which are acknowledged, the Parties agree as follows:+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-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.+ADw-/span+AD4APA-/b+AD4APA-b+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+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-DEFINITIONS+ADw-/span+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-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'+AD4-1.1+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-Defined Terms+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. As used in this Agreement, the capitalized terms set forth in this Section+ACY-nbsp+ADs-1 shall have the following meanings:+ADw-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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt'+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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Agreement+ADw-/u+AD4APA-/b+AD4gHQ- shall have the meaning set forth in the Preamble.+ADw-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- 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forth in Section+ACY-nbsp+ADs-3.1.+ADw-/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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Cytori+ADw-/u+AD4APA-/b+AD4gHQ- shall have 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'+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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Cytori IP+ADw-/u+AD4APA-/b+AD4gHQ- shall mean all Intellectual Property Rights owned by or licensed to Cytori as of the Closing and any improvements thereto (specifically including, without limitation, the Intellectual Property Rights listed in +ADw-u+AD4-Schedule+ACY-nbsp+ADs-1A+ADw-/u+AD4- and any improvements thereto), to the extent that such Intellectual Property Rights are necessary to design, develop, manufacture, test, analyze, offer to sell to Cytori, sell to Cytori and service Licensed Product(s).+ADw-/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'+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-autospace:none'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Delivery Date+ADw-/u+AD4APA-/b+AD4gHQ- shall mean the date of delivery of Licensed Product(s) by NewCo to Cytori.+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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Documentation+ADw-/u+AD4APA-/b+AD4gHQ- shall mean the user and technical manuals and other documentation necessary in connection with commercialization of the Licensed Products.+ADw-/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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Effective Date+ADw-/u+AD4APA-/b+AD4gHQ- shall have the meaning set forth in the Preamble.+ADw-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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Force Majeure Event+ADw-/u+AD4APA-/b+AD4gHQ- shall have the meaning set forth in Section+ACY-nbsp+ADs-3.10.1+ADw-/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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Forecast+ADw-/u+AD4APA-/b+AD4gHQ- shall have the meaning set forth in Section+ACY-nbsp+ADs-3.4.5+ADw-/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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Forecast Period+ADw-/u+AD4APA-/b+AD4gHQ- shall have the meaning set forth in Section+ACY-nbsp+ADs-3.4.5+ADw-/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'+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'+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, divisions, continuations, continuations-in-part, 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 information, know-how, formulas, compositions, biochemical and biological materials, reagents, assays, manufacturing and production processes and techniques, technical data, data base rights, 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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Initial Training+ADw-/u+AD4APA-/b+AD4gHQ- shall have the meaning set forth in Section+ACY-nbsp+ADs-2.2.2+ADw-/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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-JVA+ADw-/u+AD4APA-/b+AD4gHQ- shall have the meaning set forth in Recital B.+ADw-/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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-License/ Joint Development Agreement+ADw-/u+AD4APA-/b+AD4gHQ- shall mean the License/ Joint Development Agreement of even date herewith and entered into by and among Cytori, Olympus (and NewCo Prior to Closing).+ADw-/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'+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'+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 the Licensed IP for the purpose of +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-designing, developing, manufacturing, testing and servicing Licensed Products for sale exclusively from NewCo to Cytori.+ADw-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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-Licensed IP+ADw-/u+AD4APA-/b+AD4gHQ- shall mean 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 Cytori IP and NewCo IP.+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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt'+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 +ACoAKgAqADw-br+AD4- +ADw-/span+AD4APA-span style+AD0-'font-size:3.0pt+ADs-background:white'+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+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-background:white'+AD4AKgAqACoAJg-nbsp+ADs- separate and concentrate +ACoAKgAq- cells (including stem cells and other regenerative cells) from harvested adipose tissue (fat tissue). 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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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4APA-u+AD4-NewCo+ADw-/u+AD4APA-/b+AD4gHQ- shall have the meaning set forth in the Preamble.+ADw-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'+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'+AD4APA-span 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Headings in this Agreement are for ease of reference only and shall not affect the interpretation or construction of this Agreement.+ADw-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-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'+AD4-1.4+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-Attachments, Schedules and Exhibits+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. The Attachments, Schedules and Exhibits attached hereto are incorporated herein and form+ACY-nbsp+ADs-a part+ACY-nbsp+ADs-of this Agreement.+ADw-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-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.+ADw-/span+AD4APA-/b+AD4APA-b+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+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-THE LICENSE GRANTED BY CYTORI+ADw-/span+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-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'+AD4-2.1+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-License Grant and Sublicenses+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-.+ADw-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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.1.1+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+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Cytori License Grant+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Subject to the terms, conditions and limitations set forth in this Agreement (including Sections 2.1.4 and 2.1.5 below) and the JVA (with its Ancillary Agreements), and in consideration of the royalty payment to be made by NewCo to Cytori under Section+ACY-nbsp+ADs-2.3, Cytori hereby grants to NewCo an exclusive, perpetual, sublicenseable, irrevocable, fully paid-up, worldwide license under the Cytori IP (including any improvements thereto) in the Licensed Field, to design, develop, make, have made, use, translate, perform, service, maintain, import, offer to sell and sell Licensed Product(s), each Deliverable and any part+ACY-nbsp+ADs-or component thereof, as contemplated by the JVA. The right of NewCo to grant sublicenses to any third party other than Olympus under such Cytori IP shall be subject to the consent of Cytori, which shall not be unreasonably withheld or delayed. The sublicense granted with respect to U.S. Patent +ACM-6,777,231 shall be subject to all of the terms and conditions disclosed to NewCo of the license granted by the University of California Regents, excepting only the obligation with respect to the payment of royalties.+ADw-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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.1.2+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+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AWw-reserved+AF0APA-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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.1.3+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+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Sublicenses+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. The license granted to NewCo pursuant to Section+ACY-nbsp+ADs-2.1.1 shall be sublicensable by NewCo, without any additional compensation to Cytori.+ADw-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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.1.4+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+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Sales and Distribution+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. NewCo acknowledges and agrees that its right of sale and distribution under its license from Cytori pursuant to this Section+ACY-nbsp+ADs-2 is solely limited to NewCo+IBk-s right to sell and distribute exclusively to Cytori the Licensed Product(s) within the Licensed Field in accordance with Section+ACY-nbsp+ADs-3 herein.+ADw-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'+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'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.1.5+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+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Reservation of Rights for Cytori to Use the Cytori IP+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Cytori has and shall retain an unrestricted right to use all Cytori IP for the development, manufacture and sale of a first generation of commercial Licensed Product(s)+ADs- provided that such Licensed Product(s) may+ACY-nbsp+ADs-only be used for regulatory and clinical trial purposes, and may+ACY-nbsp+ADs-not otherwise be generally commercially released, unless NewCo has failed to produce a successful commercial Licensed Product line within+ACY-nbsp+ADs- +ACY-nbsp+ADsAKgAqACoAJg-nbsp+ADsAJg-nbsp+ADs- from the Effective Date. NewCo shall not be liable in any way for the commercial use of the first generation Licensed Product+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-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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-unless it affirmatively elects to do so in writing. Cytori shall share all such first generation Licensed Product development information with NewCo, and NewCo shall be entitled to incorporate any such information and data into NewCo+IBk-s Licensed Product(s). At any time that NewCo has a successful commercial Licensed Product(s) available for any specific therapeutic application, Cytori shall not have the right to offer for sale the first generation Licensed Product (unless NewCo is unable to fulfill Cytori+IBk-s Orders for such Licensed Product(s) in accordance with Section+ACY-nbsp+ADs-3 herein). For avoidance of doubt, Cytori shall not sell any competing product for the first +ACoAKgAq- from the effective date. Cytori reserves all rights to itself to use and exploit the Cytori IP for the further development of all therapeutic applications of the Cytori IP in all fields of use.+ADw-/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'+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-autospace:none'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.1.6+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+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Irrevocable License+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. For the avoidance of doubt, and subject to the termination rights of Cytori provided in Section+ACY-nbsp+ADs-8.3(c)+ACY-nbsp+ADs-of the Shareholders Agreement, the license granted to NewCo under Section+ACY-nbsp+ADs-2.1.1 shall not be subject to revocation by a Party or be otherwise affected by any matter whatsoever, including, without limitation, termination of this Agreement, breach of this Agreement by NewCo, impossibility, impracticality, frustration of purpose, force majeure, acts of governments or the insolvency of either Party. In view of the fact that such license granted to NewCo by Cytori is irrevocable, any breach by NewCo of any restriction or obligation connected with this license grant shall entitle Cytori to recovery of reasonable attorneys fees associated with enforcing this Agreement..+ADw-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-autospace:none'+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-autospace:none'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.1.7+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+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Authority+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Cytori hereby represents and warrants that it is the owner of or enjoys all the right, title and interest required to grant the license under Cytori IP to NewCo pursuant to this Section+ACY-nbsp+ADs-2.1. In the event that, during the term of this Agreement, Cytori no longer has the authority to license NewCo under all or part+ACY-nbsp+ADs-of the Cytori IP, it shall coordinate and further execute an appropriate agreement and/or arrangement within sixty (60) days from the date when such lack of authority is found. In case Cytori fails to coordinate and further execute such appropriate agreement and/or arrangement during such 60-day period, Cytori shall be deemed to be in material breach of this Agreement.+ADw-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-autospace:none'+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-autospace:none'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.1.8+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+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Cytori shall not grant any license of the Cytori IP to any third party for the purpose of designing, developing, manufacturing, testing and servicing of Licensed Products. In the Licensed Field Cytori shall not make use of the Cytori IP for the purpose of designing, developing, manufacturing, testing and servicing of Licensed Products, except in accordance with the rights reserved in Section+ACY-nbsp+ADs-2.1.5 above.+ADw-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-autospace:none'+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-layout-grid-mode:char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.2+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-Disclosure of Cytori IP+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt+ADs-layout-grid-mode:char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.2.1+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+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Subject to the terms, conditions and limitations set forth in this Agreement, Cytori has delivered and disclosed to NewCo or its designee, or shall, within thirty (30) days from the Effective Date, deliver and disclose to NewCo or its designee, and NewCo may+ACY-nbsp+ADs-disclose to Olympus in accordance with the License/ Joint Development Agreement, (a)+ACY-nbsp+ADs-any documentation, data, diagrams, and other information embodying the Cytori IP that is necessary or useful for NewCo to use and practice the Cytori IP under the license granted to NewCo under Section+ACY-nbsp+ADs-2.1.1, including, without limitation, the documents listed and described in +ADw-u+AD4-Schedule+ACY-nbsp+ADs-2.2.1+ADw-/u+AD4-, and (b)+ACY-nbsp+ADs-any other information or documentation relevant to the Cytori IP or Licensed Product(s), and/or which is necessary or useful for NewCo+IBk-s performance of its obligations under this Agreement or the License/ Joint Development Agreement, and/or that NewCo may+ACY-nbsp+ADs-reasonably request and that Cytori is reasonably able to provide.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4-+ADw-/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-layout-grid-mode:char'+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-layout-grid-mode:char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.2.2+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+ADs- +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Cytori shall provide employees of NewCo or employees of NewCo+IBk-s designee with training in relation to the Licensed Product(s). The initial training by Cytori shall be provided free of charge, and shall be conducted at the offices of Cytori (as set forth in the Preamble of this Agreement) (the +IBwAPA-b+AD4APA-u+AD4-Initial Training+ADw-/u+AD4APA-/b+AD4gHQ-). Free training by Cytori shall also be provided to NewCo employees or employees of its designee once every calendar year in relation to any pertinent improvements or results of research and development conducted by Cytori pursuant to the License/ Joint Development Agreement (each, a +IBwAPA-b+AD4APA-u+AD4-Yearly Training+ADw-/u+AD4APA-/b+AD4gHQ-). The scope, amount and timing of the Initial Training and each Yearly Training shall be+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-layout-grid-mode:char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div+AD4- +ADw-div class+AD0-MsoNormal style+AD0-'layout-grid-mode:char'+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+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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt+ADs-layout-grid-mode:char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-mutually agreed by the Parties, but shall at least meet the parameters set forth in +ADw-u+AD4-Schedule+ACY-nbsp+ADs-2.2.2+ADw-/u+AD4-. All such training shall be in English. NewCo or its designee shall bear all travel and living expenses of its employees that are sent to Cytori for purposes of receiving the Initial Training and each Yearly Training. Any additional training beyond Initial Training and each Yearly Training shall be mutually agreed by the Parties.+ADw-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-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-layout-grid-mode:char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.3+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 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Cytori to NewCo pursuant to Section+ACY-nbsp+ADs-2, and Cytori+IBk-s other obligations set forth herein, NewCo shall:+ADw-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+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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt+ADs-text-indent:.5in+ADs-layout-grid-mode:char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(a)+ADw-/span+AD4APA-span 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following payment terms, the amount of +ACoAKgAq- United States Dollars (USD +ACoAKgAq-) as non-recurring royalty payments.+ADw-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+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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt+ADs-text-indent:.5in+ADs-layout-grid-mode:char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(c)+ADw-/span+AD4APA-span 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Cytori represents and warrants to NewCo that:+ADw-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'+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-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-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, and that Cytori has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to fulfill its obligations under, and to consummate the+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-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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-transactions contemplated by, this Agreement.+ADw-/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-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'+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-span style+AD0-'font-size:10.0pt'+AD4-The execution, delivery and performance of this Agreement by Cytori will not result in any breach or violation of, or conflict with, any contract, agreement, undertaking, judgment, decree, order, law, regulation or rule+ACY-nbsp+ADs-to which Cytori is a party or by which Cytori or any of its assets are bound.+ADw-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-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'+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-span style+AD0-'font-size:10.0pt'+AD4-This Agreement has been duly and validly executed and delivered by Cytori and is binding upon and enforceable against Cytori in accordance with its terms, except as enforceability may+ACY-nbsp+ADs-be limited or affected by applicable bankruptcy, insolvency, reorganization or other laws of general application relating to or affecting the rights of creditors and except as enforceability may+ACY-nbsp+ADs-be limited by rules+ACY-nbsp+ADs-of law governing specific performance, injunctive relief or other equitable remedies.+ADw-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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt+ADs-text-indent:.5in+ADs-layout-grid-mode:char'+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-span style+AD0-'font-size:10.0pt'+AD4-The Cytori IP and Intellectual Property Rights listed and described in +ADw-u+AD4-Schedule+ACY-nbsp+ADs-1A+ADw-/u+AD4- (i)+ACY-nbsp+ADs-constitute, to Cytori+IBk-s best knowledge as of the Effective Date, all of the Intellectual Property Rights used by Cytori to develop, manufacture and sell the Licensed Product(s), (ii)+ACY-nbsp+ADs-have been duly registered (as applicable), properly maintained (as in relation to the confidential nature of or controlled use of certain Intellectual Property Rights, such as trade secrets and trademarks), and are subject to protection and are in full force and effect in the countries listed in +ADw-u+AD4-Schedule+ACY-nbsp+ADs-1A+ADw-/u+AD4-, and (iii)+ACY-nbsp+ADs-except to the extent expressly provided under this Agreement (including the Patent Dispute), are free and clear of all Liens. To the knowledge of Cytori, (I) there are no threatened or pending claims that Cytori+IBk-s development and manufacture of the Licensed Product(s) infringe the Intellectual Property Rights of any third party, or that any portion of the Cytori IP is invalid or unenforceable, and (II) to Cytori+IBk-s Best knowledge no third party is infringing any of the Cytori IP.+ADw-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+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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt+ADs-text-indent:.5in+ADs-layout-grid-mode:char'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(e)+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-Cytori has the right and authority to grant the licenses provided under Section+ACY-nbsp+ADs-2.1.1 herein.+ADw-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+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-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs- margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.5.2+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+ADs- +ADw-/span+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Representations and Warranties of NewCo+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. NewCo represents and warra

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