Simulations Plus, Inc. – Employment Agreement (August 11th, 2016)
This Employment Agreement (the "Agreement") is made as of this 9th day of August, 2016, by and between Simulations Plus, Inc., a California corporation (the "Company") and Walter S. Woltosz, an individual (the "Employee") with reference to the following facts:
Simulations Plus, Inc. – Simulations Plus Announces Agreement With License Provider (May 19th, 2014)
LANCASTER, Calif.--(BUSINESS WIRE)-- Simulations Plus, Inc. (NASDAQ: SLP), a leading provider of simulation and modeling software for pharmaceutical discovery and development, today announced that it has entered into a Termination and Non-Assertion Agreement (the "Agreement") with TSRL, Inc., a Michigan corporation ("TSRL"). Under the terms of the Agreement, the Company and TSRL agreed to terminate that certain Exclusive Software Licensing Agreement dated June 30, 1997 (the "License Agreement"), under which TSRL licensed to the Company certain Software Technology and Databases (as defined in the License Agreement), and pursuant to which the Company paid royalties to TSRL.