0000950123-09-061261 Sample Contracts

Term Sheet

Term Sheet • November 12th, 2009 • Lectec Corp /Mn/ • Electromedical & electrotherapeutic apparatus

• Contract Type
  Term Sheet
• Filed
  November 12th, 2009
• Company
  Lectec Corp /Mn/
• Industry
  Electromedical & electrotherapeutic apparatus

This term sheet (the “Term Sheet”) sets forth the material terms of a Settlement Agreement and a License Agreement (the “Agreements”) between Endo Pharmaceuticals Inc. (“Endo”), on the one hand, and Lectec Corporation (“LecTec”) (collectively the “Parties”), on the other hand, to resolve the Parties’ patent infringement dispute.

SETTLEMENT AND LICENSE AGREEMENT

Settlement and License Agreement • November 12th, 2009 • Lectec Corp /Mn/ • Electromedical & electrotherapeutic apparatus • Pennsylvania

• Contract Type
  Settlement and License Agreement
• Filed
  November 12th, 2009
• Company
  Lectec Corp /Mn/
• Industry
  Electromedical & electrotherapeutic apparatus
• Jurisdiction
  Pennsylvania

WHEREAS, plaintiff LecTec Corporation (“Plaintiff”) is the assignee and owner of United States Patent Nos. 5,536,263 and 5,741,510 (the “Patents-In-Suit”);