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Royalty Purchase Agreement

Royalty Agreement

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 This Royalty Agreement involves

ARRAYIT DIAGNOSTICS, INC. | Arrayit Diagnostics, Inc | Recap Marketing and Consulting, LLP

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Title: ROYALTY PURCHASE AGREEMENT
Governing Law: Texas     Date: 11/13/2012

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ROYALTY PURCHASE AGREEMENT

 

THIS AGREEMENT is made and entered into this first day of March, 2012 by and between Recap Marketing and Consulting, LLP, 12000 Westheimer Suite 340, Houston, Texas 77077, (“Seller”) and Arrayit Diagnostics, Inc. Nevada corporation (“Purchaser”).

 

The Seller is the record owner and holder of 20% royalties of the sales of Arrayit Diagnostic’s ovarian cancer test.

 

In consideration of the mutual agreements contained in this document, it is hereby agreed as follows:

 

1.

PURCHASE AND SALE: Subject to the terms and conditions stated in this Agreement, the Seller shall sell, and relinquish all rights to the Purchaser its 20% royalty rights, referenced in the Recap Marketing & Consulting LLP’s consulting agreement of August 11, 2009. All other parts of the agreement whether consideration or consulting remain intact.

 

2.

AMOUNT AND PAYMENT OF PURCHASE PRICE. The total consideration and method of payment thereof are fully set out in Exhibit “A” attached to this Agreement and incorporated herein for all purposes as if set forth in full.

 

3.

REPRESENTATIONS AND WARRANTIES OF SELLER. The seller is a Limited Liability Partnership that is duly organized, validly existing and in good standing under the laws of the State of Texas and has the power and authority to carry on its business as it


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