12 June 2013

 

Akers Biosciences, Inc.

201 Grove Road

Thorofare, New Jersey

08086 USA

 

Attention: Thomas A. Nicolette, President and CEO

 

Cc:Mark Chasey, (EN)10 (Guernsey) Limited
Darren Jenkins, (EN)10 Limited

 

By Email and Post

 

Dear Thomas

 

Licence and Supply Agreement between Akers Biosciences, Inc. (“ABI”), Chubeworkx Guernsey Limited (as successor to Sono International Limited), (EN)10 (Guernsey) Limited (formerly BreathScan International (Guernsey) Limited) and (EN)10 Limited (formerly BreathScan International Limited) dated 19 June 2012 (the “Agreement”)

 

We refer to our recent discussions regarding the expansion of the scope of the Agreement to worldwide coverage subject to ongoing supply agreements which ABI has entered into with third party customers. Accordingly, the Agreement shall be amended as follows:

 

1.The definition of “Territory” shall be deleted and replaced with the following:

 

““Territory’’ means worldwide.”

 

2.The definition of “Field” shall be deleted and replaced with the following:

 

““Field” means any use, including relating to the operation of vehicles, employer screening programmes and the armed forces.”

 

3.The definition of “US Military” shall be deleted.

 

4.A new definition of “Existing Customers” shall be inserted into clause 1.1 as follows:

 

Existing Customers” means those parties listed in Schedule 7.”

 

5.A new definition of “Amendment Date” shall be inserted into clause 1.1 as follows:

 

Amendment Date” shall have the meaning accorded to it in the Letter of Amendment between the Parties which amends this Agreement and is dated 12 June 2013.”

 

6.A new clause 4.5 shall be inserted into the Agreement and read as follows:

 

18-20 Le Pollet | St Peter Port | Guernsey | GY 1 1WH

T + 44 20 7225 6400 | E info@chubeworkx.com

Company No. 55801

 

 
 

 

 

“The exclusivity of the rights granted to the Customer by the Supplier under clauses 4.1, 4.2 and 4.3 of this Agreement shall be subject only to the supply rights of the Existing Customers in the United States of America, Canada and/or Mexico as at the Amendment Date.”

 

7.A new clause 4.6 shall be inserted into the Agreement and read as follows:

 

“4.6 The Supplier agrees that on and from the Amendment Date it shall not:

 

(A)enter into any new arrangements or new agreements (whether formal or informal) with any third party regarding the supply of any of the Products in the Territory without the Customer’s prior written consent;

 

(B)amend or extend any existing agreements with any of its Existing Customers who resell any of the Products supplied to them by the Supplier, in any manner which increases the sale or supply to each such Existing Customer to more than 500,000 units of Products per year, without the Customer’s prior written consent; and

 

(C)supply the Existing Customers or any other party with any Products bearing: (i) the trade mark CHUBE or any trade mark confusingly similar thereto; or (ii) any get-up used in connection with CHUBE branded Products or any get-up confusingly similar thereto, whether for the recipients own use or for resale.

 

8.The Supplier hereby restates the warranties set out in clause 17 of the Agreement as at the Amendment Date.

 

9.New clauses 17.1 (F) - (G) shall be inserted into the Agreement and read as follows:

 

“(F)the list of Existing Customers in Schedule 7 of this Agreement is a full and complete list of all other parties with any rights in, or rights to the supply of, any of the Products in the Territory as at the Amendment Date;

 

(G)no Products are supplied to, used by and/or resold by, the Existing Customers or otherwise bearing: (i) the trade mark CHUBE or any trade mark confusingly similar thereto; or (ii) any get-up used in connection with CHUBE branded Products or any get-up confusingly similar thereto.”

 

10.The Annex to this letter shall be inserted into the Agreement as Schedule 7.

 

These amendments shall take effect on and from 12 June 2013 (the “Amendment Date”).

 

Completion of the subscription of shares and share sale described in the Memorandum of Understanding between Akers Biosciences, Inc., Chubeworkx Guernsey Limited and (EN)10 (Guernsey) Limited dated 29 April 2013, shall be subject to the prior execution of this letter by all parties.

 

Capitalised terms used in this letter shall have the meaning given to them in the Agreement unless defined in this letter. Save as expressly agreed herein, or the Letter dated 19 June 2012 from Sono International Limited to ABI, the Agreement remains in full force and effect. This letter shall be governed by and construed in accordance with the laws of England.

 

18-20 Le Pollet | St Peter Port | Guernsey | GY 1 1WH

T + 44 20 7225 6400 | E info@chubeworkx.com

Company No. 55801

 

2
 

 

 

Please confirm your acceptance of these amendments by signing and returning the enclosed copy of this letter.

 

Yours sincerely

 

Mark Chasey

for and on behalf of Chubeworkx Guernsey Limited

 

Accepted and agreed:    
     
     
/s/ Thomas A. Nicolette    
Thomas A. Nicolette   APPROVED
for and on behalf of Akers Biosciences, Inc.   Akers Biosciences, Inc.
    Thomas A. Nicolette
Accepted and agreed:   Chief Executive Officer

 

Mark Chasey

for and on behalf of (EN)10 (Guernsey) Limited

 

Accepted and agreed:

 

Darren Jenkins

for and on behalf of (EN)10 Limited

 

18-20 Le Pollet | St Peter Port | Guernsey | GY 1 1WH

T + 44 20 7225 6400 | E info@chubeworkx.com

Company No. 55801

 

3
 

 

Simmons & Simmons

 

ANNEX

 

SCHEDULE 7: EXISTING CUSTOMERS

 

Brand Name of Products supplied
to Existing Customers
  Name of Existing
Customers
  Address of Existing
Customers
Alcohol “Check”   Akers Biosciences, Inc.   Thorofare, New Jersey USA
Breath Scan   Akers Biosciences, Inc.   Thorofare, New Jersey USA
BreathScan PRO   Akers Biosciences, Inc.   Thorofare, New Jersey USA
Breath Alcohol “Check”   Akers Biosciences, Inc.   Thorofare, New Jersey USA
Breath Alcohol “Check” .02 Detection System   Akers Biosciences, Inc.   Thorofare, New Jersey USA
Breath Pulmo Health Check - Asthma   Akers Biosciences, Inc.   Thorofare, New Jersey USA
Breath Pulmo Health Check - COPD   Akers Biosciences, Inc.   Thorofare, New Jersey USA
Breath Pulmo Health Check - Lung Cancer   Akers Biosciences, Inc.   Thorofare, New Jersey USA
BreathScan Legal Limit   Akers Biosciences, Inc.   Thorofare, New Jersey USA
Breath Ketone “Check”   Akers Biosciences, Inc.   Thorofare, New Jersey USA
Metron   Akers Biosciences, Inc.   Thorofare, New Jersey USA
VIVO   Akers Biosciences, Inc.   Thorofare, New Jersey USA
BreathScan   One Stop / Diinsel, SA de CV   Monterrey, NL Mexico Hidalgo, TX USA
BreathScan   Lifeloc   Wheat Ridge, CO USA
BreathScan   Micro Distributing II, Ltd   Belton, TX USA
BreathScan   Alere Toxicology   Norfolk, VA USA
BreathScan   Quest Diagnostics   Collegeville, PA USA
BreathScan   NPACT America   Jacksonville, FL USA
BreathScan   GE Oil & Gas   Oklahoma City, OK USA
BreathScan   Test Medical Symptoms at Home   Maria Stein, OH USA
BreathScan   VShips   Miami, FL USA
BreathScan   CLIA-Waived Inc.   San Diego, CA USA
BreathScan   Everglades Direct   Sunrise, FL USA
BreathScan   American Bio Medica Corporation   Kinderhook, NY USA
BreathScan   Bob Barker Company   Fuquay-Varina, NC USA
BreathScan   Capital Medical & Surgical   Tallahassee, FL USA
BreathScan   Cardinal Health   Waukegan, IL USA
BreathScan   Fisher Healthcare   Houston, TX USA
BreathScan   Conney Safety Products   Madison, Wl USA
BreathScan   Farahi Medical Inc.   Toronto, Canada
BreathScan   Corporate Wellness, Inc.   Stamford, CT USA
BreathScan   JJ Keller & Associates, Inc   Neenah, Wl USA
BreathScan Legal Limit US Navy-   US Government GSA   Washington, DC USA

 

4
 

 

Simmons & Simmons

 

Brand Name of Products supplied
to Existing Customers
  Name of Existing
Customers
  Address of Existing
Customers
“Shipmates Take Care of Shipmates”   Contract    
BreathScan Legal Limit US Air Force - “Protect Your Wingman”   US Government GSA Contract   Washington, DC USA
BreathScan Legal Limit USMC - “Marines Save Lives”   US Government GSA Contract   Washington, DC USA
BreathScan Legal Limit US Army - “Soldiers Saving Lives”   US Government GSA Contract   Washington, DC USA
BreathScan Legal Limit US SOCOM Quiet Professionals - “Safety Begins With Me”   US Government GSA Contract   Washington, DC USA
BreathScan Legal Limit USCG Semper Paratus - “Are You Ready to Save a Life?”   US Government GSA Contract   Washington, DC USA
Breath Scan Legal Limit US Army Medical Command - Don’t drive & drive!   US Government GSA Contract   Washington, DC USA
BreathScan Legal Limit Fort Benning ASAP “Power of Choice” - Fort Benning Soldiers Don’t Drink & Drive   US Government GSA Contract   Washington, DC USA
BreathScan Legal Limit US Army Combat Readiness Center - “Soldiers Savings Lives”   US Government GSA Contract   Washington, DC USA
BreathScan Legal Limit US Armed Forces Command Safety Program - “Protecting Freedom’s Guardians   US Government GSA Contract   Washington, DC USA
BreathScan Legal Limit US Army Corps of Engineers - “Be Safe Share The Ways”   US Government GSA Contract   Washington, DC USA
BreathScan Legal Limit Marine Corps Logistics Base Albany - “Marines Take Care of Marines” Semper Fidelis   US Government GSA Contract   Washington, DC USA
BreathScan Legal Limit US Army - Arm yourself against drunk driving   US Government GSA Contract   Washington, DC USA
BreathScan Legal Limit US Army Safety Center - “Make It Home... Be Safe!”   US Government GSA Contract   Washington, DC USA
BreathScan POV Safety Program   US Government GSA Contract   Washington, DC USA
AlcoLimit - Private Label BAC   Silmarc Pharma S.r.l.   Lucca, Italy
BacTrack - Private Label BAC   KHN Solutions   San Francisco, CA USA
DUI Alert - Private Label BAC   Martini Promotions   Saint-Laurent, Quebec CANADA
EZ-Screen - Private Label BAC   MEDTOX Scientific Inc.   St. Paul, MN USA
FamilySafe - Private Label BAC PartySafe - Private Label BAC   Comvate, LLC   Eagle Pass, TX USA
GM Safe Driving Program - “Friends Don’t Let Friends Drive Drunk”   General Motors Co.   New York, NY USA
RediTest - - Private Label BAC   Redwood Biotech   Santa Rosa, CA USA
TESTorARREST - Private Label BAC   CTAS, Inc.   Liberty Twp., OH USA

 

5
 

 

Simmons & Simmons

 

Brand Name of Products supplied
to Existing Customers
  Name of Existing
Customers
  Address of Existing
Customers
VIVO   LifeVantage   Sandy, UT USA
VIVO   Isagenix   Chandler, AZ USA
VIVO   Summa Health   Portland, OR USA
Metron   Summa Health   Portland, OR USA
Metron   Isagenix   Chandler, AZ USA

 

6