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WATSON LICENSE AGREEMENT

License Agreement

WATSON LICENSE AGREEMENT | Document Parties: Stellar Pharmaceuticals Inc | Watson Pharma, Inc You are currently viewing:
This License Agreement involves

Stellar Pharmaceuticals Inc | Watson Pharma, Inc

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Title: WATSON LICENSE AGREEMENT
Governing Law: New York     Date: 12/22/2006
Industry: Biotechnology and Drugs     Sector: Healthcare

WATSON LICENSE AGREEMENT, Parties: stellar pharmaceuticals inc , watson pharma  inc
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Box 1953+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-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Morristown, NJ 07962-1953+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-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-USA +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center 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terms are hereinafter defined) relating to the manufacture and use of its proprietary product Uracyst+ADw-sup+AD4ArgA8-/sup+AD4-, a sterile sodium chondroitin sulphate solution for human use,+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-AND WHEREAS+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- Stellar owns certain Patents and Proprietary Marks (as defined herein) which are used in association with Uracyst+ADw-sup+AD4ArgA8-/sup+AD4-,+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span 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product life, taking into account the competitiveness of the market place, the proprietary position of the product, the regulatory structure involved and other relevant factors+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4gHA-Competing Product+IB0APA-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- means any branded or generic medical device or pharmaceutical product (other than the Product), containing chondroitin sulphate for instillation into the bladder, and capable of being substituted for Product, that is marketed in the Territory for the treatment of interstitial cystitis+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4AJg-quot+ADs-Documents+ACY-quot+ADsAPA-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- means, collectively, all books, pamphlets, bulletins, memoranda, letters, notices, reports, manufacturing records or other publications or documents prepared by or on behalf of Stellar setting forth information, formulae, production specifications, advice, standards, requirements, operating procedures, instructions or policies relating to the Products including the +ACY-quot+ADs-Technical Documentation+IB0- per Appendix 1+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p 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or its sub-licensees provide Products for further distribution, any such Affiliate being referred to herein as a +IBw-Distribution Affiliate+IB0-) and its sub-licensees on sales of the Products in the Territory and all other receipts or receivables whatsoever generated from or arising directly from the marketing or sale of the Products. +ACY-nbsp+ADs-For any sales by Watson, its Affiliates or its sub-licensees to a Distribution Affiliate, Gross Sales shall mean the gross amount invoiced by Watson on its sales to such Distribution Affiliate, provided that the effective price for such sales shall be deemed to be the greater of (i) the actual price charged to such Distribution Affiliate and (ii) the average price charged for Products to arm+IBk-s length third parties during the fiscal quarter in which the sale to the Distribution Affiliate took place.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span 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gross sales). +ACY-nbsp+ADs-All deductions shall be made on an accrual basis in a manner consistent with Watson+IBk-s business, in accordance with United States GAAP. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4gHA-New Indication+IB0APA-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- shall mean any FDA approved indication for the Product in any therapeutic use outside of the Field, whereby the Product must be unique in formula and strength as to in no way be substitutable or interchangeable with the Product for the Field in the Territory+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4AJg-quot+ADs-Parties+ACY-quot+ADsAPA-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- shall mean, collectively, Stellar and Watson or their successors or permitted assigns, as applicable and individually a +ACY-quot+ADs-Party+ACY-quot+ADs- shall mean either Stellar or Watson, as applicable+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4gHA-Patents+IB0APA-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- mean all patents and patent applications, including provisional and priority filings, utility models, and their applications and which specifically or generally claim the Product, claim a method of treatment for the Product, claim a method of making the Product or otherwise covers the Product, including but not limited to the patent grants and applications listed in Appendix 2 as amended, together in all cases with any continuations, continuations-in-part, divisions, patents of additions, re-examinations, reissues, renewals as well as extensions, supplementary protection certificates and any other patent term extensions of any of the foregoing+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p 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style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4AJg-quot+ADs-Proprietary Marks+ACY-quot+ADsAPA-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- means the marks, trade marks, trade names and other commercial symbols and related logos relating to the Products as set forth in Appendix 3, together with such other trade names, trademarks, symbols, logos, distinctive names, service marks, marks, logo designs, insignia or otherwise which may be designated by Stellar+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p 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the manufacture, testing, use, handling, distribution, marketing and/or sale of the Products in any manner whatsoever, including any manual, specification booklet, letter, notice, memorandum or other written form+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4AJg-quot+ADsAPA-b+AD4-Supply Agreement+ADw-/b+AD4AJg-quot+ADs- means that certain Supply Agreement dated as of December 13, 2006 herewith by and between the Parties in which Stellar exclusively supplies the Product to Watson in the Territory+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span 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to the provisions of this License Agreement and for the Term hereinafter specified, Stellar hereby grants to Watson the exclusive right and license, even as to Stellar, to market, promote, offer to sell, sell, have sold, distribute, import, grant sublicenses, or otherwise dispose of Products in the Field in the Territory.+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:12.0pt+ADs-margin-left: 0in+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center+ADs- line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-3+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Watson License December 06+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'margin-top:.1in+ADs-margin-right:0in+ADs- margin-bottom:.1in+ADs-margin-left:0in+ADs-text-align:center+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- +ADw-hr size+AD0-1 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-004080+ACI- align+AD0-center+AD4- +ADw-/span+AD4APA-/div+AD4- +ADw-span style+AD0-'font-size:10.0pt+ADs-font-family:+ACI-Times New Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New Roman+ACIAOw-color:black+ADs-mso-ansi-language:EN-US+ADs-mso-fareast-language: EN-US+ADs-mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all style+AD0-'mso-special-character:line-break+ADs- page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p 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the licenses granted to Watson. +ACY-nbsp+ADs-Watson shall provide Stellar with prior written notice of any prospective sub-license together with a summary of the terms of such sub-licenses and other information Stellar may reasonably request in order to make a determination as to whether it objects to such sub-license.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAPA-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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:+ACI-CG Times 12pt+ACIAOw-color:black'+AD4-2.2+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:+ACI-CG Times 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style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-2.3.1+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size: 10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Subject to the provisions of this License Agreement and for the Term hereinafter specified, Stellar hereby covenants and agrees to provide Watson with the Methods and Technical Know-How to be used by Watson to obtain Regulatory Approval of the Products in the Territory and Watson hereby covenants and agrees to use Commercially Reasonable Efforts to obtain all Regulatory Approvals in the Territory required to market, promote, offer to sell, sell or distribute the Products in the Territory. +ACY-nbsp+ADs-All costs and activities related to such Regulatory Approval shall be the obligation of Watson. +ACY-nbsp+ADs-Methods and Technical Know-How materials, methods and other regulatory documents will be supplied at Stellar+IBk-s cost as per Appendix 1. +ACY-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-2.3.2+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size: 10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Stellar shall reasonably cooperate and assist Watson, if and as requested by Watson, in connection with any regulatory activities (including with respect to any of the foregoing regulatory activities set out above in Sections 2.3.1 and 2.3.3 below, provided that Stellar is reimbursed for any reasonable out of pocket expenses, said expenses to include the reimbursement of salaries of those Stellar employees or consultants utilized by Watson on a pro rata basis, based on the portion of their time allocated to said regulatory activities. +ACY-nbsp+ADs-Notwithstanding the foregoing, Stellar shall not be obligated to perform any studies related to the Product. +ACY-nbsp+ADs-Should Watson be required by a governmental authority to perform studies, Watson shall be responsible for all costs associated with those studies which are required. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-2.3.3+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size: 10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Should the scientific data and documentation currently in Stellar+IBk-s possession as of the date of the signing of this License Agreement not be sufficient to gain Regulatory Approvals from the FDA, Watson shall bear the cost of any and all development programs necessary to gain said approvals.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-2.3.4+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size: 10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-All data generated on or on behalf of Watson for the approval of the Products in the Territory shall be shared with Stellar in its entirety for Stellar+IBk-s exclusive use outside the Territory. All data generated on or on behalf of Stellar for the approval of the Products outside the Territory shall be shared with Watson in its entirety for Watson+IBk-s exclusive use inside the Territory.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-2.3.5+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size: 10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Upon receipt of Regulatory Approval, Watson shall maintain all necessary and desirable approvals for the sale of the Products in the Territory and/or any supplements to such authorizations. +ACY-nbsp+ADs-If any other government or other regulatory submissions or agreements in the Territory are required for Watson to import the Products for sale and distribution in the Territory, Watson shall be responsible for completing such submissions and Stellar shall be responsible for the completion of all Canadian documents necessary to export the Products into the Territory. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-2.3.6+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size: 10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Each Party shall provide the other Party with all reasonable assistance and take all actions reasonably requested by the other Party that are necessary or desirable to enable such Party to comply with any law, rule or regulation applicable to the Product in the Territory. +ACY-nbsp+ADs-Such assistance and actions shall include (a) keeping the other Party informed (as applicable to the role of such Party relative to the Product) within three (3) Business Days (or sooner if necessary to permit the other Party a reasonable and sufficient amount +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p 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margin-bottom:.1in+ADs-margin-left:0in+ADs-text-align:center+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- +ADw-hr size+AD0-1 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-004080+ACI- align+AD0-center+AD4- +ADw-/span+AD4APA-/div+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt+ADs-page-break-before: always'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-of time to respond or take action to comply with applicable laws, rules, and regulations) and as may be required by applicable laws, rules, and regulations, of notification of any action by, or notification or other information which it receives (directly or indirectly), from any Agency, and (b) immediately providing copies of any written communications which (i) raise any concerns regarding the safety or efficacy of the Product in the Territory, (ii) indicate or suggest a potential liability for either Party to a Third Party arising in connection with the Product in the Territory, or (iii) is reasonably likely to lead to a recall or withdrawal of the Product in the Territory+ADs- provided that neither Party shall be required to disclose information in breach of any contractual restriction regarding confidentiality. +ACY-nbsp+ADs-The following types of information shall be deemed to be included in categories (i), (ii) and (iii) above: +ACY-nbsp+ADs-(1) inspections by an Agency of manufacturing, distribution or other facilities related to the Product which have arisen solely because of that Party+IBk-s dealings with the Product+ADs- (2) inquiries by an Agency concerning clinical investigation activities in relation to the Product (including inquiries of investigators, clinical monitoring organizations and other related Persons)+ADs- (3) any communication from an Agency involving the manufacture, sale, promotion, marketing, use or distribution of the Product or any other Agency reviews or inquiries relating to the Product+ADs- (4) an initiation of an Agency investigation, detention, seizure or injunction concerning the Product+ADs- or (5) any other regulatory action (e.g., proposed labeling or other registrational dossier changes and recalls) that would affect the Product in the Territory.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-2.3.7 +ACY-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Notwithstanding anything in this Agreement to the contrary, Watson shall have no obligation to continue pursuing Regulatory Approval if the FDA notifies Watson that it will be required to file a New Drug Application to obtain Regulatory Approval. +ACY-nbsp+ADs-If, after such notice Watson determines that it will not continue pursuing Regulatory Approval, it shall immediately notify Stellar of such determination and this Agreement shall be terminated with the effect set forth in Section 11. +ACY-nbsp+ADs-If Watson does not provide such notice to Stellar within ten (10) business days of such FDA notice, Watson shall be obligated to continue pursuit of Regulatory Approval.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p 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style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Watson shall have the right during the Term to use the Proprietary Marks for the Products, as further defined in Appendix 2, for use in the Territory. +ACY-nbsp+ADs-Stellar shall retain the rights to such Proprietary Marks outside the Territory. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Stellar confirms that as of the Effective Date the trademark +ACY-quot+ADsAPA-b+AD4-URACYST+ADw-sup+AD4ArgA8-/sup+AD4APA-/b+AD4AJg-quot+ADs- has been registered in Canada and the U.S.A. +ACY-nbsp+ADs-Stellar confirms that Canadian patent +ACM- 2,269,260 and U.S.A. Patent +ACM-6,083,933 have been issued and that Stellar has international patents pending. +ACY-nbsp+ADs-Watson confirms that all right, title and interest in the Patents and Propriety Marks is the sole property of Stellar and this License Agreement shall not operate to convey any ownership interest in the Patents or Proprietary Marks to Watson, save and except the license rights granted in this License Agreement. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-2.5+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs- 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style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Any Improvements resulting solely from the activities undertaken by Stellar or its Affiliates pursuant to this License Agreement (each, a +IBw-Stellar Improvement+IB0-), whether patentable or non-patentable, shall be owned by Stellar or its Affiliates and any related patent applications shall be filed under the name of Stellar or its Affiliates and at Stellar+IBk-s or its Affiliates+IBk- expense. +ACY-nbsp+ADs-Any Stellar Improvement shall be included without limitation in the grant of license rights under Section 2.1 of this License Agreement. +ACY-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p 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exclusive, royalty-free license to manufacture, have manufactured, market, promote, offer to sell, sell, have sold, distribute, import, grant sublicenses, or otherwise dispose of Products under any Watson Improvement owned by Watson or its Affiliates, solely for markets outside of the Territory. +ACY-nbsp+ADs-Any Watson Improvement is provided +IBw-as is+IB0- without warranty of any kind, express or implied.+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:12.0pt+ADs-margin-left: 0in+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center+ADs- line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-5+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p 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its Affiliates, together with one or more employees, agents or consultants of Watson or its Affiliates.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-2.5.4+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size: 10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-In the event Stellar alone develops New Indications for the Products in the Territory, Stellar will be the exclusive manufacturer of these New Indications and will grant the right of first refusal for an exclusive license in the Territory to any and all products resulting from such New Indications to Watson pursuant to a definitive agreement. +ACY-nbsp+ADs-This right of first refusal must be exercised by Watson within 90 days of Stellar making the New Indications available for licensing and in the event that such right of first refusal is exercised the Parties agree to negotiate in good faith to execute an agreement for the license thereof within ninety (90) days of Watson+IBk-s exercise of its right of first refusal. +ACY-nbsp+ADs-If not exercised by Watson or if the Parties are unable to execute an agreement on the terms of the license within the said ninety (90) day period, Stellar, at its sole discretion, may accept offers from other companies for exclusive rights to the New Indications in the Territory. +ACY-nbsp+ADs-For the avoidance of doubt, the product developed for such New Indications must be unique in formula and strength as compared to the Product marketed in the Territory and in no way be substitutable or interchangeable with the Product. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4Apw-3+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs- color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Milestone Payments, Manufacturing Costs, Royalties and 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rights granted to Watson by Stellar pursuant to the provisions of +AKc-2, Watson agrees to pay Stellar (1) USD +ACQ-2,200,000.00 by wire transfer, within two (2) Business Days of the signing of this License Agreement, (2) USD +ACQ-1,300,000.00 within thirty (30) days of the issuance of a second patent in the United States containing at least one valid claim protecting the Product and which claims are based on PCT publication W02004073584, and (3) USD +ACQ-4,500,000.00 within thirty (30) days of +ACY-nbsp+ADs-receipt of FDA approval to market, sell and distribute the Product in the Territory.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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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+ACI-Times New Roman+ACIAOw-color:black+ADs-mso-ansi-language:EN-US+ADs-mso-fareast-language: EN-US+ADs-mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all style+AD0-'mso-special-character:line-break+ADs- page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt+ADs-page-break-before: always'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-c)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Invalid or Unenforceable Patent: in the event that the last Valid Claim relating to the Product in the Territory is declared invalid or unenforceable by a court of competent jurisdiction and such decision is final and not appealable, Watson shall thereafter pay a royalty of five percent (5+ACU-) of annual Net Sales for use of Stellar+IBk-s trademark and know how.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-3.3.1+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size: 10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-The Royalty payments set forth under this License Agreement shall be paid by Watson on a quarterly basis on or before forty-five (45) days following the end of each fiscal quarter of Watson and within sixty (60) days after the termination of the License Agreement. +ACY-nbsp+ADs-Watson shall deliver to Stellar a written statement, on or before forty-five (45) days following the end of each fiscal quarter, signed by Watson and certified by it to be true and correct and in such detail and form as Stellar reasonably determines, showing the amount and calculation of Net Sales for the current quarter and of Net Sales for such preceding quarter (and partial quarter, if any, at the beginning or end of the Term). +ACY-nbsp+ADs-Any changes to this procedure relating to reporting of Net Sales and the calculation of Net Sales shall be mutually agreed to by the Parties. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-3.4+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs- color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Expenses: +ACY-nbsp+ADsAPA-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-All expenses incurred by Watson in the handling, distribution, marketing and sale of the Products and in carrying out its obligations under this License Agreement shall be paid by or on behalf of Watson. +ACY-nbsp+ADs-All expenses incurred by Stellar in connection with the supply of ongoing Methods and Technical Know-How and in carrying out its obligations under this License Agreement shall be paid by Stellar.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4Apw-4+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs- color:black'+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+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Reports, Audits and Inspection+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Watson shall prepare and keep at its principal office for at least three (3) years following the end of each year, adequate books and records which shall show inventories and receipts of merchandise, and daily receipts from all sales, charges, and other transactions of Watson with respect to the sale of the Products, as well as sales tax returns, all pertinent original sales records, and such other supporting records as Stellar reasonably determines pursuant to generally accepted accounting principals, regarding Net Sales and the calculation of Net Sales and the royalties herein. Watson shall record at the time of sale, all receipts from sales, charges or other transactions, whether for cash or credit.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Stellar may, at its own expense and upon thirty (30) days prior written notice to Watson, cause a complete audit during normal business hours to be made of Watson+IBk-s business and records relating to the calculation of Net Sales for the Product and the royalties therefrom, using an independent representative acceptable to Watson. Such audits will be limited to one per calendar year during the Term. +ACY-nbsp+ADs-If the independent representative reports that there is a deficiency or overpayment in any payments made by Watson to Stellar pursuant to this Agreement, then Watson shall, within thirty (30) days, correct such deficiency, or Stellar shall, within thirty (30) days correct such overpayment, by paying the amount of such deficiency or overpayment, as applicable, to the other Party, and such payment shall be the sole remedy related thereto. If any payments owing to Stellar pursuant to this License Agreement are understated by five percent (5+ACU-) or more, Watson shall in addition pay to Stellar the amount of the cost of the audit. +ACY-nbsp+ADs-The report of the independent representative is final and binding on the Parties hereto. +ACY-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-All amounts due and payable by Watson or Stellar pursuant to this License Agreement or as otherwise agreed shall bear interest after the due date at the Interest Rate, calculated and payable monthly, not in advance, both before and after default or expiration or termination of this License Agreement for any reason whatsoever. +ACY-nbsp+ADs-The acceptance of any interest payment shall not be construed as a waiver by either party of its rights in respect of the default giving rise to such payment. +ACY-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4Apw-5+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs- color:black'+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+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Representations and Warrants+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-5.1+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs- color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Stellar hereby represents and warrants to and in favour of Watson as follows:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-a)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Stellar is a corporation duly incorporated validly subsisting under the laws of the Province of Ontario, Canada and has the corporate power to enter into this License Agreement and to perform its obligations hereunder+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:12.0pt+ADs-margin-left: 0in+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center+ADs- line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-7+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Watson License December 06+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4-+ADw-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'margin-top:.1in+ADs-margin-right:0in+ADs- margin-bottom:.1in+ADs-margin-left:0in+ADs-text-align:center+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- +ADw-hr size+AD0-1 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-004080+ACI- align+AD0-center+AD4- +ADw-/span+AD4APA-/div+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-line-height:12.0pt+ADs-page-break-before: always'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-b)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-This License Agreement has been duly authorized, executed and delivered by Stellar and is a legal, valid and binding obligation of Stellar+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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:35.55pt+ADs- margin-bottom:.0001pt+ADs-text-indent:-35.55pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-c)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Stellar has obtained all requisite and necessary consents and approvals to enter into this License Agreement and has the right to enter into this License Agreement and to grant to Watson the licensing arrangements outlined herein+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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:.25in+ADs- margin-bottom:.0001pt+ADs-text-indent:-.25in+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-d)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-As of the Effective Date (i) to the best of Stellar+IBk-s knowledge, the development, distribution, marketing, promotion, or sale of the Products in the Territory or the use or practice of the Methods and Technical Know-How does not infringe any intellectual property or patent right owned or licensed by any third party and (ii) Stellar is the sole owner of the Patents, Proprietary Marks, Products and the Methods and Technical Know-How, and (iii) Stellar has not granted any other licences or rights of any kind in the Products or the Patents, Proprietary Marks, Methods and Technical Know-How to any third party for the Territory which remain in effect+ADs- and+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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:.25in+ADs- margin-bottom:.0001pt+ADs-text-indent:-.25in+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-e)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-EXCEPT AS EXPRESSLY SET FORTH IN SECTION 5.1 AND SPECIFICALLY PROVIDED FOR IN THIS AGREEMENT, STELLAR MAKES NO OTHER WARRANTY, EXPRESS OR IMPLIED.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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:35.25pt+ADs- margin-bottom:.0001pt+ADs-text-indent:-35.25pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-5.2+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs- color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Watson hereby represents and warrants to and in favor of Stellar as follows:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-a)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Watson is a corporation duly incorporated validly subsisting under the laws of the State of Delaware, and has the corporate power to enter into this License Agreement and to perform its obligations hereunder+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-b)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-this License Agreement has each been duly authorized, executed and delivered by Watson and is a legal, valid and binding obligation of Watson+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-c)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Watson has obtained all requisite and necessary approvals and consents to enter into this License Agreement and has the right to perform all its obligations under this License Agreement+ADs- and+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-d)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-EXCEPT AS EXPRESSLY SET FORTH IN SECTION 5.2 AND SPECIFICALLY PROVIDED FOR IN THIS AGREEMENT, WATSON MAKES NO OTHER WARRANTY, EXPRESS OR IMPLIED. +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-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4AJg-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4Apw-6+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs- color:black'+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+ADs-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Commercialization Committee+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-A Commercialization Committee comprised of two senior managers representing Stellar and two senior managers representing Watson shall be established within four (4) weeks after the Effective Date. The representatives will meet not less than once per annum and alternate between the premises of the Parties to specifically share development information related to Watson+IBk-s pursuit of Regulatory Approval of the Product in the Territory. +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span 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style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Watson shall use Commercially Reasonable Efforts in the marketing and selling of the Products throughout the Territory during the Term of this License Agreement and any renewal thereof. +ACY-nbsp+ADs-In this regard, Watson agrees to:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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:35.25pt+ADs- margin-bottom:.0001pt+ADs-text-indent:-35.25pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-a)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-comply with all federal, state and local laws and regulations relating to the distribution, marketing and sale of the Products within the Territory and to obtain any and all required permits, certificates and licences in connection with the foregoing+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-+ADw-o:p+AD4AJg-nbsp+ADsAPA-/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:35.25pt+ADs- margin-bottom:.0001pt+ADs-text-indent:-35.25pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-b)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-display the Proprietary Marks and other identifying logos with respect to the Products pursuant to the terms of this License Agreement+ADs- and+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:12.0pt+ADs-margin-left: 0in+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center+ADs- line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-8+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Watson License December 06+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal 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style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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:35.25pt+ADs- margin-bottom:.0001pt+ADs-text-indent:-35.25pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-d)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-provide Stellar with a list of the Affiliates and Distribution Affiliates of Watson, related to Product sales, as at the date hereof are set forth on Appendix 5 and Watson hereby covenants to notify Stellar of any changes to such list during the Term forthwith following such change.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span 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Each Party agrees to meet with the other Party at its request to discuss matters relating to the unauthorized importation and or sale into the Territory or outside the Territory.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/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-line-height:12.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-9.2+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt+ADs- color:black'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Pharmacovigilance: +ACY-nbsp+ADs-Both Parties shall fully comply with all applicable medical event reporting recommendations and requirements in all countries where the Parties carry out clinical studies and/or market the Product. +ACY-nbsp+ADs-The Parties agree to exchange such information as may be necessary to fulfill mandatory regulatory obligations, including single case reports, together with appropriate medical evaluations if requested by the regulatory agency in any country, as well as aggregate data, such as periodic reports required by the Party+IBk-s respective regulatory authorities. +ACY-nbsp+ADs-Watson shall be solely responsible for reporting to regulatory authorities in the Territory. +ACY-nbsp+ADs-Stellar shall cooperate with and assist Watson in such reporting, including by immediately notifying Watson of all adverse reactions of which Stellar becomes aware. +ACY-nbsp+ADs-The Parties shall follow the specific procedures as outlined further in Appendix 4+ADw-i+AD4-,+ADw-/i+AD4- as such may be updated from time to time by mutual written agreement, to meet the regulatory requirements of pharmacovigilance related to the Product. +ACY-nbsp+ADs-Stellar shall not make any reports to any governmental +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:12.0pt+ADs-margin-left: 0in+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center+ADs- line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-9+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-Watson License December 06+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p 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