On May 31, 2016, the Company entered into a one year contract with Barcelona Boosting Business SL ("BBB") to coordinate a clinical trial of the Licensed Technology in Barcelona, Spain in a study for up to 25 patients (the "Study"). BBB will be compensated 20,000 EURO at the start of the contract and 18,500 EURO after the submission of the Study. During the term of the contract BBB will protect the Company's proprietary information, patents, patent applications, copyrights and other intellectual property rights. All inventions from the Study shall be the exclusive property of the Company.
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