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Royaltysource: Medical Diagnostic Related Technology

This document summarizes a license agreement between Life Signs Detection Systems, Inc. and NONINVASIVE MEDICAL TECHNOLOGIES LLC for a medical diagnostic technology. Key details include a perpetual license was granted, with an upfront fee of $300,000 and running royalty rates of 5% of gross sales, not to exceed 50% of annual net profits. The licensed technology allows for detection of heartbeat and respiration waveforms through two layers of clothing.

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Gene Mark
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120 views1 page

Royaltysource: Medical Diagnostic Related Technology

This document summarizes a license agreement between Life Signs Detection Systems, Inc. and NONINVASIVE MEDICAL TECHNOLOGIES LLC for a medical diagnostic technology. Key details include a perpetual license was granted, with an upfront fee of $300,000 and running royalty rates of 5% of gross sales, not to exceed 50% of annual net profits. The licensed technology allows for detection of heartbeat and respiration waveforms through two layers of clothing.

Uploaded by

Gene Mark
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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RoyaltySource

RoyaltySource Royalty Rates Database


Thank you for requesting further information about our RoyaltySource Royalty Rates database of
intellectual property sale and licensing transactions. Shown below is typical information relating to
a technology license, formatted as you would receive it along with and Excel version which is also
included with your purchase.
Medical Diagnostic Related Technology

Licensee: NONINVASIVE MEDICAL TECHNOLOGIES LLC

Licensor: LIFE SIGNS DETECTION SYSTEMS, INC.

Royalty Rate, % (low range): 5


Royalty Rate, % (high range): 5
Upfront Fee: $300,000

Licensed Property:
This Agreement is entered into this 6th day of March, 2006.

The Canadian Licensor hereby grants to the Licensee and/or its successors and assigns a perpetual
license to use and further develop the Licensee's Technology and acknowledges the Licensee's full
ownership of any derivative, related or spin-off technologies which directly utilize the Licensee's RF
technology for vital signs monitoring (collectively the “Derivative Technologies”).

The Licensor represents that it is the owner of certain technology which will provide heartbeat waveform
and respiration waveform through two layers of normal wear clothing.

The Licensee was granted the use of technology that will provide heartbeat and respiration waveform
through two layers of normal wear clothing.

The Licensee has also entered into a contract with the U.S. Military whereby it is developing what is
known as the Marco Polo project E-Tag system in connection with its desire to attempt to utilize the vital
signs monitoring technology.

Term: Perpetual

Compensation Items:
Upfront Fee: Initial Payment of Three Hundred Thousand ($300,000) Dollars.

Royalty: Life Signs Detection Systems (“LSDS”) will receive a royalty of 5% of the actually paid gross
sales of any derivative products that incorporate LSDS’s RF technology for vital signs monitoring which
are based on LSDS’s hardware, software, technology, trade secrets and intellectual property conveyed.
The royalty will not exceed 50% of the actual net profits on annual commercial sales. LSDS will also
receive a royalty of 5% of the actually paid annual gross sales of the E/Tag device in connection with
sales to the military/government, not to exceed 50% of the actual net annual profits.
Source: Form SB-2 NONINVASIVE MEDICAL TECHNOLOGIES INC Exhibit 10.11, 02/13/2007
http://www.sec.gov/Archives/edgar/data/1389538/000114420407006747/v064881_ex10-11.htm

The source of information provided in this report has been gathered from public financial records, news releases, and other articles
and references. While we believe the sources to be reliable, this does not guarantee the accuracy or completeness of the
information provided.

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